sunday hear from kevin his first comments post the midterm changes. great show today everybody. thank you so much dagen mcdowell mike murphy. >> love you great week. great weekend have a great weekend "varney & company" begins right now. stewart take it away. >> good morning maria good morning everyone. well, this happened fast, didn't it? the price are of oil plunging and price of gas plunging with it. this puts money in your pocket and surely helps the already booming economy. as of now, crude is well below 60 bucks a barrel it was 80 dollars a barrel just a few week ago. and gas, dropping more than a penny a day. it is now down to an average of 272 down 30 days in a row. cheapest gas in the nation, delaware, average is $2.38 most expensive, california. 3.72 maybe they should rethink their gas tax heading for lower opening dow is off triple digits hurt by some negative inflation

news. the s&p is going to be down half a percentage point and nasdaq well big tech is down today and nasdaq composite town 1%. better take a lock at disney and profit back on big revenue from park resorts and entertainment division. more on that in a second. politics, the lawsuits are flying in florida i can hear you saying oh, no all over again. senate candidate rick scott suing democratic officials alleging rampant fraud gubernatorial candidate has resended his concession to republican ron desantis and he say he's fighting to win. this groundhog day? varney and campaign is about to begin.

>> california wildfires here we go again. the latest ash. >> l we've three of them burning right now. you can see that's in ventura county there's two and a massive fire in northern california about 90 miles north of sacramento called camp fire. how fast is this thing growing? 60 football fields per minute 80 acres per minute. ouch. it is absolutely devastating there's a town called paradise ironically called 27,000 population, essentially being wiped out home, businesses supermarkets, all burned down in a matter of -- under an hour with these flames moving through the problem especially in southern california again, low humidity, high temperatures, winds blowing down off mountains gusting up to 0 miles per hour and these fires not far from the shooting a awful time in that part of the country. widespread. all of the flame. thank you. check the price of oil that's a big story today below 60 buck. the the ten-day losing streak is

longest since 1984. we're swimming in crude plenty of supply. a lot of it coming from america. we produce 11.6 million barrels day more than russia. more than saudi arabia. now look at gas, the average is 272 down 30 straight days. come on in associates guy who is with us today in new york. normally he's in texas. today he's in new york. how much lower for oil? pfnlg well i think we can get to about 5850 because these levels are going to trigger a reaction from the opec and opec producers, that increase production in anticipation of iranian sanctions. >> okay so no constant slide hold it around 58. >> that's where i'm seeing could go lower because we are a wash in oil at the moment. >> more interested in gas 272 now how or pa down? >> expecting another 15 to 20 cent decline in price of gas if you lock at where gasoline futures are they've gotten

hammered they are higher than this time last year so you're looking at 245 to 247 national average. we have refined gasoline and no shortage of supply there. >> no shortage they've been at near record levels it is everywhere. tell me why delaware is down to 238. has to do with their state excess taxes to new york or new jersey where you know there's 80 cents gallon in new york, california is about the same. so there's a beneficiary of this crunch point of receiving lots of gasoline from gulf coast from philadelphia area refine reis. if i jump into ford edge and head south on i-95 i should definitely gas up in delaware. >> yeah, definitely in delaware or even new jersey where their accident tays have been lower than new york. >> yes but they raise them recently to 27 cents. i fade 2.50 in new jersey from

there. if you want cheap gas on long period of time go to arkansas, and missouri, or south carolina where their state taxes are low compared to rest of the country. rng that's where headed we'll see you again soon. let's go to politics now serious stuff. thousands protested in new york and around country last night. they're demanding that acting attorney general matthew whitaker recuse himself from the mueller investigation. joining us now republican strategist are jeff, jeff welcome back. good to be here. you're an advise to trump 2020 campaign. how are you going to deal how's the campaign going it deal with the ugliness that surely coming our way for two years. ening well we know it is coming our way chairman incoming chairl of the judiciary committee was heard investigation all of the time to make it miserable as possible and in the campaign we're going to fake our direction from what we hear president saying he started off with nothing but goz i believe in term of the economy and keep on growing and growth until now

will bomb more and stripping away regulation upon regulation, and we're going to keep our hearts charging and compare that to the the horrible negativity to hear to democrats to keep on focusing on positives and we're going to highlight their negative. >> so he going to counterpunch as he does that adds to ugliness. >> he started off by saying after election had hex, to cn rks and others if you calm this down you'll see i won't respond in time but when you attack me i won't back down so they sent out a bull to attack him and president responded correctly. >> but maybe that's what the democrats want -- they want him to respond like that because then they can say look guy is calling the press the the enemy of the poem and he's saying things which no president should say. and to their hands. i think what they want they're underestimating exactly how wildly left and extreme a lot of newly elect democrats are they have to deal with increasing

power base that most of americans especially the swing vote because that's what we have to focus on those who set in their ways swing vote will be log at this to see sort of extremist now -- that democrats own. because they're part of their party they're in washington to own those extremist along with their extreme rhetoric. >> any inside knowledge of whether or not president will tell acting attorney general whitaker limit the scope of the mueller probe? >> i have zero knowledge but i don't believe. i can't comment but i have zero knowledge. do you have any idea how the president will respond to the impeachment process which is likely from swriew dish area chair knadler? >> well we have to -- it is same thing we have to highlight exactly how extreme this is the president is helping country again to keep on trying to make about this hate and anger and i think president is is a positive story to tell. we're going to focus on positive story and what you're say makes sense and back with rhetoric we'll see and depends on

hostility we'll take lead on making america great. >> i've got it. always a pleasure thank you, sir. all right look at how we open this market it is a friday morning. we're going to be down triple digits. that's i'm going to call that a modest loss on a 26,000 index. we've got disney their profits came many very strong because of good revenue from park and movie divisions suzanne what do you have on this? >> changing 109 for all-day pass at jr. disney world and disney lands that's a lot of profit to make. some theme parks contradicts 5 billion dollars in the quarter to magic kingdom afterall. j that's 109 dollars per adult to one day -- above the ten. so family of four -- that's like 400 bucks i don't know how much they charge for kids but that's a lot of money. >> a low price because price goes up depending on season doesn't it? >> it depends on season but if you want a limited pass to visit certain kingdoms then 55 dollars a little bit more than that. but can i just go through disney

quickly because -- the lots of interesting numbers streaming, about disney plus is coming latter half of 2019 they want to buy all of hulu up for sale. >> astonishing to pay 109 dollars, obviously, economy is booming what's wrong with that? >> consumers. staying on markets who is with us now joel with entrepreneur shares. all right joel welcome back. market stage with a rally come back after midterm do you think it continues? >> i think it continues. i mean we're up 8% from the lows i mean as you know, october was horrible. we ended last few days in october on a good note in first week. in november, we were up again about 8% across the board. mostly large cap growth and small cap growth i think for next 45 days or so through end of the year we're strong. we've got very strong profits profits are up about 46, 46% for entrepreneur companies and 24.5%

for -- the dow and s&p. when you're talking about -- talking about year to year by the way. year to year third quarter 2017 third quarter 2018. but that is quite a bit. >> astronomical jump in profits but what you call enterer neural companies up 40% good lord. >> 47 yeah. 47% and then small cap i say small cap is higher so small cap across the board for russell ,000 is up 100% year to year. 2017 third quarter 2018 third quarter so big story i think that we're going to hear more and more about is profits and profits that keep coming in and we're seeing by the way in marketplace companies on earnings drop convict and seeing companies in some cases go up quite a bit 20, 30% plus. so there's a lot of volatility here in stock pickers market. >> it sure is and you're a stock picker. all right joel thank you so much for joining us i'm sorry i kept it short but a busy news day that's the the way it goes in news business. thank you, joel.

check futures please. not come back much but still down about triple digits. down about 117. nasdaq troubling, though. big techs in for a downside move we're down 59 points on the nasdaq. now president trump he leaves for paris this hour. he's speaking to or the roars we will have that tape for you when it comes in he can't resist to report his question. he didn't today. bad news for vaping industry. severe restrictions on the sale of flavored e-cigarette products here they come and new york state wants to ban flavored e-cigs completely they are worried about youngsters getting hooked on nicotine last time the russians tried to saned capsule to the space station it almost ended in disaster. mission abort after takeoff astronauts both survived now preparing to launch again. next hour we're talking to an astronaut who is going to onboad relaunch. is she worried? we will ask is her. one feature you may not be

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>> president trump speaking to reporters before he headed off to paris we're waiting for the tape. he's talking about immigration and attorney general acting attorney general whitaker to bring you that tape bring his response to questions when it come miss. should be here soon. look at the dow component proctt about everything in the the supermarket what do they do? >> oral b toothpaste so they streamline it to create six business units in the future this is because of shareholder activism nelson you know, trying to capital he's been looking for more returns on p&g some say it

is a failed brand at this point, and they have too many businesses going in too many different directions. that's a fair point to make when they are most aisle it is in the sowp but stock is down a bit. okay. to florida -- republican senate candidate rick scott suing election officials in two heavily democrat counties and three major race it is in the state appear to be headed for recount. here's what president trump tweeted about it. law enforcement is looking into another big corruption scandal having to do with election fraud and broward and palm beach. florida voted for rick scott. joining us larry o'connor washington times associate editor rick scott alleges rampant fraud what's that all about about? >> déjà vu isn't it my gosh remember this. listen, the lost state that every county in charge of the voting -- in florida they need to tabulate early votes by the day before

the election get them loaded up in system and report those results 30 minutes after polls close on election day that's why we saw all of those votes could wanted those were early votes. one county broward county, didn't do that. they're still counting those ballots and stuart, they won't answer how many ballots are left to be could wanted it makes people feel like they're just going to keep counting until they're -- their candidate wins. >> do they keep finding new billion lot boxes stuffed here and there. they keep finding them right? >> it is a role problem and senator marco rubio has been adamant about making sure that law is followed there's going to be a recount here stuart it is automatic florida law anyone remembers when it is this close they'll do automatic recount, and that here's -- really something frightening the the law who is representing senator nelson the democrat incumbent is mark does that sound familiar that's same lawyer hillary clinton hired to get that russian dossier created two years ago. you can't make this up. >> you're right it is déjà vu all over again.

groundhog day here we come. >> i hope republicans are lawyering up down there. because this is how you steal an election. >> by the way, this next story is for you larry. [laughter] tesla -- and other electric cars can't get am radio. electric motors interfere with the ?al i didn't know that. you're a regular -- you're a radio guy well -- >> first of all this is very important everyone here in the greater washington area, about i am on crystal clear 105.9 fm so you can listen in your tesla if you want but this is disturbing. there are three things other than my wife and family that i love in this world that michigan wolverine washington redd skin football, and -- burning poses is fuels -- right and a.m. talk radio. so as far as i'm concerned you can ride your electric car arranged if you want and listen to fm. i'm going to burn feel in my jeep patriot to go to the

football game and my life is going to be great. >> okay. well -- tell me how you feel son, why not? larry i'll be listening on fm okay you got it. where do we open on a friday morning i'll tell you down but not that much. 120 odds point maybe for dow industrials but nasdaq down about 60. this is something all news anchors have to check out. chinese state media showing off latest news anchor. but there's something different about him isn't it? a real person -- can you believe that? we'll explain what's happening here after this. every investor should ask questions. is our money in the right place? what am i really being charged? and is it eating into my returns? is my advisor a fiduciary? is he always a fiduciary?

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>> i think i might be in trouble. china has developed a virtual anchor to deliver the news. watch this. >> hello everyone in english artificial anchor that is my very first day in the agenda my voice and appearance on a real anchor the development of the media industry called for continuous innovation and deep inte international advantages technologies. >> that was exciting. [laughter] what do you think? sort of absence of personality i would say.

absolutely. no charisma, and we can pronounce quinoa correct willlyt they can work tirelessly no difficult contract negotiations to go through as well. no vacations -- but how would they deal with humor or breaking news. they would have to be a single anchor and not react and repeat what is texted in someone is writing in the text with and they're repeating it so you could have breaking news as quickly as you can type text in that comes out but you know -- >> as they say with technology, it continues to develop. in advance -- so who knows in five years what that could maybe translate to. >> max head room of the 80s. oh yeah you have personality. we'll if carriage ever replaces me. i think you are entrepreneur that's what he needs if serious stuff here, the government is cracking down hard or maybe

cracking down probably will cracking down on the sale of flavored e-cigarettes. >> they're getting very, very serious about this they could start laying down some bands as early as next week they're very concerned about the large number of teams and youth in this country about that vaping. in particular, the flavors -- they could start banning them from convenient store and gas stations across country. what we don't know what research doesn't know is long-term impact of vaping. they know it can get you hooked on nick teen and still nec teen nirk teen and the jewel e-cigs has about about 70% of the market they look like a usb flash drive and flavors with a bunch of kids on street vaping here in new york city. they are definitely hip and cool and problem is that can lead to full-time use down the road we don't know full-time health impact. >> 10 billion dollars. >> really -- okay. president trump by the way still speaking to the press. before he heads off to france,

we've got a tape of this when we get the tape, you'll see what he's being commentingen what he's been saying. we're a few minutes away from open of the market. we're going to open lower down 100 for the the dow. nearly 60 for the nasdaq. back in a moment.

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ten seconds to opening bell on friday morning quite with a big day, we're looking at a drop at least of the opening bell but as they say no clue how this thing is going to close out the day. bang off we go 9:30 eastern time. here on a friday morning, we have opened lower. we're down what, 30 points that's it down 60 point right now. all right we're moving lower down 62. down 59, i'll leave it at that dow is down about roughly a quarter of one percent. s&p 500 where's that? it is down about a half percentage point that's a bigger loss for the the s&p and nays dak i'm expecting big loss there yes we got it. down .8% big tech not doing well so see hill big name of technology and all of them are down amazon is down 19 bucks. apple is down 3. at 205 opinion facebook 146 google down 10, and microsoft is

down 80 cents at 110 a share. look at oil, below 60 bucks barrel 5951 we're swimming in the stuff haven't said that for a long time we have oil. average price for gas is now nationwide 272 down for 30 straight days big news there. david dietz is with me david and susan lear and ashley webster we have to start with oil. dietz young man i say when gas comes down like this, it is a big plus for the the economy. >> absolutely. 49 year low on unemployment. you've got 3.1% increase in wages. you've got lower taxes and now you have lower prices on your way to the mall what's not to like e here. >> we have -- we have a guest on show earlier -- who said that gas is going to come down another 10 to 15 maybe 20 cents gallon. >> could be. could be. but certainly there is a forward driving season, and historically gas prices bottom out around

thanksgiving start back up in spring. >> i do recall you saying buy exxon that was what about a month ago? >> about 18% ago but thanks for remembering we're up 18% since i first said that to you. with oil tumbling like this. whole fallacy is that he has stock correlated with price of oil and nothing else they're upstream mid-stream down stream making money in each part of the sequence. but their natural gas levered and axon was also so low the price we started buying 70 now low 80s. 80s a of now. buy more of it. these guys are dividend growers sing beginning of time. >> okay i'll be put in my place. won't be the last time, stuart. oh. [laughter] this is a blow to the administration. a federal judge has blocked construction if you remember that keystone xl pipeline blocked it. he has he said there was no reason why -- good reason why trump administration overturned ban on

that pipeline go from canada's oil sands all the way to nebraska cross into montana and south dakota it was a federal judge in montana said no, no you have to go become to do more environmental reviews. look at the potential for oil spills impact on native population. this was no way should have been overturned the ban that was in place in the obama administration so a blow for the pipeline -- >> from america -- come on. to canada as with. can't do anything anymore in canada. canada as well as 8 billion project supposed to start next year so they have them ramping up for it so down in the sessions. >> i'm determined to be positive so pill move on. look at disney it is a do you component. parks movies doing very well indeed. david i think that's a record high for disney 118 very, very close -- >> you know what had i was looking at this morning, you know what disney was after the financial crisis in 15 dollars -- it has been up 1,000% in last ten years but we won't buy it i

talked it be ons the show grown like crazy and dividend hasn't moved 1.4 dividend yield and higher betastock in the majority. so used to be low beta high dividend and it is not -- >> they talked about income impacted by their investment in their over top services streaming service in the the future and three we have dis itny plus debuting in back half of 2019 they would buy all of hulu if it was up for sale and espn plus 1 million subscribers launched in april so start but ramp up and seeing impressive growth. >> to me if people are paying over 100 dollars per fern to get into a park for one day, and then they're paying -- they're paying that's an economic indicator. >> absolutely. reflection of saying before, great job prospect great increase in earning this is also good example of how companies are using tech to incorporate into their business head-to-head with netflix it have their own

direct to the consumer model with their own content so by disney short netflix. >> question is what do they have to buy that content all of the park money come on one hand out to buy content. >> so you have a free -- >> with netflix they can do a lot right in -- buy legacy content it has to play out for us dividend 1.4% they're tell me they don't have confidence in it. that's the way i'm viewing it. >> i don't care for the politics but one of the best chief executives. never paid a dividend by the way. >> paid own dividend. yeah. i don't know if you're reinvesting in company of better place to spend your money like they are for the future. i don't think it is a dividend place. >> but whole point with buffett is buy companies to pay and get free cash flow that's what we believe in. i have lost control -- of the show with there's my name. [laughter] this is true. [laughter] check the big word we've come back a bit down 90 point right

there 26,100. ge ouch. an analyst says this thing is going down to $6 a share. it is certainly down now. 8 0 that is a nine and a half year low. act blizzards when you do that stock goes down down 12%. disappointing sales from yelp. they're online review guys, and they're looking into the future and forecasting a disappointing holiday quarter and taken to the cleaners. down 30%. how about that? restructuring, big time at the dow component procter & gamble can you go through this again suzanne? >> i know love tide detergent but they make a lot of -- so they're basically they're biggest reorganization in 20 years two decades this one is business units mostly geographic and share holder activism trying cap thal got his way because he says this needs to be

reinvigorated when you did this story 20 minutes ago it was down. now it up not much but it is up. >> up 25% in the last six monthses grown dividend 62 years in a row. >> you know he's good isn't he? flf >> yeah. reporters in the studio by the way. kudos to you son, not bachelor's degree. lion craft in indonesia technical problems with boeing plane may have been a factor. apparently plane plunging straight into the sea at 400 miles an hour. parking lot pilots only had seconds to realize what was going on. either shot off key systems or yank up on control stick. couldn't do it. they couldn't do it. sock is down a bit but this is one big story. >> absolutely we with just don't know what the problem was with due to sensors or operating manuals insufficient to instruct the miles. why didn't airline since they have the same problem prior

flight fix it but then i think one take away is such a rush to get new aircraft bottles back out into operation that some of the final testing is done while operating we've seen with airbus too not just a boeing issue. not what you want to be hearing from boeing worth noting that story first came out stock dropped 30 bucks that came back up. now with more details today only down 3 dollars so i think market is responding better as they get more information about what boeing culpable might be. >> you want it anchor this show. and chair looks warm. how -- here's a story goes throaty. but this is to attract younger riders we know that harley-davidson their riders tend to feel old per buying less harleys young, old driver who cares you want a motorcycle. you want -- >> that's what -- i used to drive it 650 you

remember that come on get out of here. all american -- mcdonald's can we see that real fast still in record territory where are we now at 186 on mcdonald's how about that? would you buy mcdonald's at -- >> it is funny because we didn't key this up but all we're talking about is big dividend growth and 50 dollars and now at 180 dollars paying 3%. they've grown dividend 189 time since we bought it. mcdonald's is great free cash flow grower in past ten years all time high i would keep buying it because they keep growing dividend they're telling sales are good buy dividend free cash flow growth. >> i would lot of your recounting of history but new at seven time sales 28 times earnings you're paying more price to sales than you are for google well -- about -- come on sales never price for sales. we're about to get the -- the tape from the president answering questions just before

he talk off for paris. show me coca-cola real fast because they're launching two energy drinks that's very important very interesting. it is a crowd field. 49 dollars per share. stay right there everyone. because we're about to roll tape on president trump. here we go. >> mr. president, we're heading off to europe, it should be a very beautiful period of time the 100th anniversary of the ending of world war i. we have many countries, the leadership of many countries will be there. especially since they heard the united states will be there. and we look forward to that. and it will be a -- a great really commemorative service and something special seen what they have planned and i think it is going to be something very, very special i just signed the proclamation on asylum very important -- people can come in but they have to come in through the ports of

entry and we have to pass new immigration laws because they're flooding our country. we're not letting them in and trying to flood our country we need wall and building wall but we need it all built at one time and quickly. it is very important. we need democrats to support new immigration laws to bring us up to date the laws are obsolete and they're incompetent they are worse laws that we have anywhere in the world and it is only because we don't have democrats vote. so we need democrat votes to change immigration who have no trouble whatsoever at the border, about we want people to come into our country and they have to come into our country legally. they have to come into our country legally. we want people to come in through the marriage system so they can work for all of these great companies that i have coming into our country.

we have many car companies coming in been we have many tech companies coming in. we have lurtly hundreds of companies moving back into the united states. we need people. we need to have you see the unemployment numbers are record lows. we need people in our country but they have to come in legally and they have to have merit. they have to come in through a system of merit. we have everything worked out. we need some votes from the democrats so we need support from the democrats. and hopefully they see what's going on. and the reason this subpoena whatting is we've created such a successful country economically that everybody is flooding into our country or they want to but we're stopping them at the border that's why we have our great military there. police department -- [inaudible conversations] matt whitaker i don't know him

he works for jeff sessions and he was always extremely highly thought of and he still is. but i didn't know matt whitaker he worked for attorney general sessions. he was very, very highly thought of and still is highly thought of. but this only comes up because anybody that works for me they do a number on them. but matt whitaker is a very smart man. he is a very respect ared man in the law enforcement community. very respected at the top of the line. and actually, the choice was greeted with raves initially and it still is in some circles on, you know, it's a shame that -- no matter who i put in, they go after him it is very sad i have to say. but he's acting i think he'll do a very good job. and we'll see what happens. but i will say this, matt whitaker is a very highly respected man, and you didn't

have any problem with matt whitaker when he works for jeff singses he's by law enforcement he's a strong law enforcement personality and person. matt whitaker has a great reputation and i wanted to do something which frankly i could have brought somebody from the outside. i didn't want to do that. where sections left, what i did very simply is taking a man who worked for sessions. again, he works for jeff sessions, he's a highly respected man, especially by law enforcement and i think he's going to do a great job. he's there in an acting position, he's a -- probably from what i hear a very strong fern a very strong personality and i think that's what they need.

who? you mean -- you mean, you mean mr. kellyane conway trying to get publicity for himself why don't you do this or why don't you ask kellyanne that question all right -- all right. she might she might know him better than me. i really don't know the guy. when you make a comment first of all -- let me speak please. first of all when you make comments, with i see everybody on television all of these lawyers, all of these law enforcement people making comments after comments -- they never ask to get recused they make comments. the fact that you go on fox or cnn or msnbc or anybody you make a comment you have nobody left to choose.

you would have absolutely nobody left. i see different people at different times going on shows am i supposed to say now he's never qualified to serve in government? so all of the tim i'm watching many different people go on many different shows saying many different things, that doesn't mean they're unqualified. now in all fairness to matt whitaker who again i didn't know. okay. other than through reputation his reputation is excellent. but in all fairness to him, he did some shows so did -- many of the people that you are talking about, so did everybody that you're talking about permanent position everybody looking at permanent position in any department has done many shows does that mean we can't hire anybody but we have to hire somebody in a shell. i don't think so.

say that again. you have to speak up. [inaudible conversations] well it down because to you look at broward and palm beach lesser extent if you look at broward county they have a horrible history and if you look at the person and in this case a woman involved, she has had a horrible history. and all of a sudden they're finding votes out of nowhere and rick scott who won by -- you know, it was close but he won by a comfortable margin every couple of hour it is guess down a little bit. and then you see the people and they were involved with that fraud of the -- the fake dossier phony dossier, and i guess i hear they were somehow involved or work with the gps fusion people who have committed, i mean, you look at what they've done. you look at the dishonesty. look, look -- there's bad things have gone on in broward county.

really bad things. she's been to court. she's had a lot of problems. she's lost. i say this -- he easily won but every hour seem to be going down. i think that people have to look at it very, very cautiously. what? i haven't ruled out anything i haven't even thought it be i'm thinking about the world. >> how long i'm thinking about right now i'm thinking about the world. i'm not thinking about sit down and not sit down there was no collusion. as a whole hope, this was a thing set up by the democrats just like they set up other things when you look at what's going on in florida, when you look at what's going on in lots of different locations. the russian investigation is a hoax. it is a phony hoax. i didn't speak to russians, the fact is, i was a much better

candidate than hillary clinton. i worked muched harder. i went to the right places she went to the wrong places. buzz she didn't know what the hell she was doing. i did a great job i was a great candidate. she was a bad candidate. i went to wisconsin, i went to michigan. i went to pennsylvania, she didn't do a good job. this has nothing to do with russians this is a russian hoax. [inaudible conversations] michelle obama said that i haven't i guess she where a book and paid a lot of money to write a book and they insist that you come up with controversial well i'll give you controversy back. i'll never forgive him for what he did to our united states military. by not funding it properly it was depleted. everything was old and tired. and i came in and i had to fix it. and i'm in the process of spending tremendous are amounts of money so i'll l never forgive him for what he did to our

military. i'll never forgive him for what he did in many other ways which i'll talk to you about in the future. what he did because he talk about safety what he did to our military made our military unsafe for you and you and you. >> well we're looking at other people i did not see chris christie he's a freaked of mine when he got out of the presidential race as you know next day, he supported me. he has -- good taste. he has good taste but he supported me i like chris christie but i have not talked to him it be. he was in the white house yesterday -- he was in the white house yesterday -- >> how long are you going to -- >> i think jim acosta is unprofessional man.

he does this with everybody he gets paid to do that, he's a very unprofessional guy. whether it was me or ronald reagan or anybody else he would have done the same thing. look, i don't think he's the smart person but he's got a loud voice. and here's save it do you mind if i answer the question? >> sure. >> as far as i'm concerned i haven't made that decision. but it could be others also. when you're in the white house, this is a very sacred, special place. you have to treat the white house with respect. you have to treat the president with respect. and if you've ever seen him dealing with -- sarah huckabee sanders it is a disgrace and he does it for -- you know the reason the same thing with april ryeon. i watch her get up, about gym, you talk about somebody that is a loser. she doesn't know what the hell she's doing. she gets publicity and then she gets to pay raise or she gets a contract with -- i think cnn but she's very

nasty. and she shouldn't be. she shouldn't be. you've got to treat -- the white house and the office of the presidency with respect. >> president -- i see her nodding very positively so i'll ask her -- you have to speak up, though. you have a helicopter raging -- for people that don't know why my hearing great but you have a helicopter that is raging back there. you remember ronald reagan what, what i can't hear you -- i never -- i always thought he was hard of hearing. he wasn't. that's the the problem. >> do you know what will happen when you meet with putin ?n >> well i'll meet with putin at g20 i don't know if we'll see each other in paris but we may be a lunch for leaders i don't know so i would say nothing we have a good relationship. vaccination a good relationship with russia and china and every other country is a good thing

not a bad thing. but -- we have a good -- we have a very good relationship. no i'll look into complaints if there are complaints i'll look into it. [inaudible conversations] well it was a political decision made by a judge i think it is a disgrace it's 48,000 jobs i approved it. it is ready to start 9th circuit as a usual. we're slowly putting new judges in the 9th circuit everything goes to the 9th circuit, everything. now dhaka that was actually good news yesterday because you never went in the 9th circuit if you're on this half of the equation when i say half, it could be half or more. by rejecting dhaka in 9th

circuit yesterday finally we've been waiting for that. we get to the supreme court, and we want to be on the supreme court on daca president obama said he had no right to sign it and it was upheld in 9th circuit as usual if you take president obama's statement, he knew that he couldn't sign it. so with daca will go to the supreme court to be given a fair decision. >> we will be making a decision. i have so many peel on who are log at heather we're looking at numerous people, we have plenty of time niki and saying until end of the year we're working with niki also, we have some very good people that want that job i'll make decision over next few weeks but by the end of the year.

i mean there's no rush you know it has to go through a senate process when takes a long time but pick somebody and pick somebody that is very good. again i think it is very matt whitaker is highly respected man but i didn't know matt whitaker but host a highly respected man. >> matt has not gone to senate -- >> but neither has mueller. his name -- you talk about the senate process. mueller is ding a report. he hasn't gone through the senate process you're saying whitaker has it but whitaker has wait a minute -- because he was a really distinguished u.s. in iowa and he was approved by everybody because to be u.s. attorney, that's top of the line. he was a highly respected, in fact, i'll tell you ambassador to china as you know jerry branstad used to be governor of

iowa he told me that what a great choice that is that he's one of the most respected people in all of iowa that was coming from terry branstad who was governor. look, mueller i think complaints people have mueller was not senate confirmed. so he's doing a report. he wasn't senate confirmed. whitaker was senate confirmed, and now he doesn't need this but he was senate confirmed at the highest level when he was u.s. attorney from iowa. but -- but -- mueller was not senate confirmed. why didn't they get him senate confirmed he should have been senate confirmed because no, because of all of the conflict they didn't want to bring him before the senate because he's very conflicted so because of those conflicts they didn't want to bring him before the senate but don't tell me about whitaker. don't tell me about whitaker because mueller was not senate confirmed. >> mr.

>> democrats keep picking up more seats in the house. [inaudible]. >> whether they get a couple more house seats doesn't matter. it doesn't matter. but you notice the votes never to the other way? they hire lawyers, and votes don't ever seem to go the republican way. >> do you -- >> you tell me. always the democrats. always gps fusion. always crooked stuff. look what happened. how many fbi are gone? how many justice department people are gone, i found out, i found out. there is a lot of bad stuff going on in this country. we're finding out. i'm getting to the bottom of it. i have done a hell after john. how people fired from the fbi? you have comey, mccabe, strzok, lisa page, there is a lot of crooked stuff boeing on. it always interesting to go the

way of democrats. now in arizona, all of sudden out of the wilderness they find a lot of votes. she, the other candidate is winning by a hair. what is going on in florida is a disbrace -- disgrace. see what happened last period of time, 10 years, take a look at broward county. take a look at total dishonesty what happened with broward county. broward county/election. there is a lot of dishonesty. [shouting questions] reporter: why did press secretary doctor the video, the taped video? >> the taped video of acosta? what are you talking about? all that was, nobody manipulated, give me a break. that is dishonest reporting. that is a close-up. that is, that is just dishonest reporting. i watched that. i heard that last night. they made it close up.

they showed it close up. he was not nice to that young woman. i don't hold him for that. because it wasn't overly horrible. when you say doctor, you're a dishonest guy. it wasn't doctored. they gave a close-up view. that is not doctoring. >> are you thinking about more supreme court justices with justice ginsberg in the hospital? >> i wish her well. she said something inappropriate in the campaign. she apologized for it. i wouldn't say she is exactly on my side. i wish her well. i hope she gets better. i hope she serves on the supreme court for many, many years. [shouting questions] >> terrible, terrible. he is a very sick, that is mental health problem. he is a very sick puppy. it was a very, very sick guy. not too many people knew about it. now they're looking they are

starting to see, he had a lot of problems. i funded a lot of money to mental health for that reason. we continue to do it. we continue to look at the laws. we want to make sure, look, it's a problem, it's a disasterous problem. it makes you sick to look at it but he was a very, very mentally ill person. [shouting questions] >> say it? >> fire alarms, any part of the federal health conversation? >> was a war veteran. he was a marine. was in the war, he saw pretty bad things. a lot of people say he had ptsd. that is a tough deal. we're spending, as you know i've given tremendous funding for the vets for ptsd and general health for ptsd. it is a big problem. people come back. it is a horrible thing. they come back. they never the same.

>> are you prepared to fly at half-mast a lot more? >> i don't like abusing any privilege but when i see something we should do, i always do that, yeah. i always do that. >> are you going to california? i. >> i believe you should, when it's a worthy situation i do believe it. reporter: did you ask matt whitaker involved in the russia probe? >> that is up to him. reporter: do you want him to rein in robert mueller? >> what a stupid question that is. i watch you a lot. you ask a lot of stupid questions. reporter: birthright citizenship this week. why -- >> because other things have come up. we will be signing it soon. reporter: is this political stunt? >> we're signing it. we're doing it. it will work its way up to the supreme court. birthright, citizenship probably works its way up to the supreme court. it will be signed. we want ad perfect document.

because of the election all the delays in the election, whatever is going on in broward county. remember the word, broward county. >> is there any evidence -- >> look in the past. all of sudden finding votes. you mean after the election? they're finding votes. you look at her past she has been convicted, finding votes. you have this guy a liar, who represented hillary clinton and a lot of very shady things? i think what you ought to do is get smart. good luck, folks. see you in europe. [inaudible]. stuart: that was another extraordinary performance by the president of the united states answering any and all questions from the media assembled right in front of the white house as he headed off to marine one. to go to paris. let me recap what he had to say. number one, he wants democrat

support for legal immigration reform. as for acting attorney general whitaker, the president said, i didn't know him. he is highly thought of. just because he appeared on tv shows in the past doesn't to say he can't serve in office now. on florida, he said broward county is a, has a horrible history. they keep finding votes out of nowhere he said. that is because rick scott has sued two municipalities in florida about their counting of votes. on obama, the president said, i will never forgive him for what he did to our military. that was reacting to a question about michelle obama's new book. and on acosta, jim acosta, the cnn reporter who has been banned from the white house, until further notice, he says, he was, president says he is unprofessional guy, not smart. he has a loud voice. same thing could happen to others kicked out of the white house. that is what he said. must treat the white house with

respect. joining me now, tammy bruce is with us. >> what a morning. stuart: what a morning, yeah, it keeps on happening. did anything stand out there? or just overall, the press conference itself? >> i think with the president, he was consistent on all the messaging we've heard before yet what strikes me about him is that he owns those issues. he was clear on each one of those. it was off-the-cuff sounded like but it was clear within the framework of the conversation that we were having about all of those different kinds of issues. i don't even know if you can say reagan was that clear. in the moment, not in a scripted speech. just the fact also, he is enjoying this. if democrats thought they were going to make him or anybody else miserable, that is a man who is enjoying and fits perfectly within his role and loves doing it because i think it is because it is for the american people. that is undeniable. he is clear where he going on

issues. he knows where he wants to to go for the next two years. he is clearly in his wheelhouse now. stuart: he seemed to be direct on every single question, every single one. lots of different issues from whitaker, immigration, acosta, obama, answered question directly in 45 seconds to one minute. >> nothing is surprising. it is based in part of the complaints on the left is his attitude. but the fact is, you know why he is coming from these positions. he explained his position, whether it is media or on immigration, that you know what the foundation is, that drives these answers. you heard more of it. that is so comfortable. ashley: clarity of it all is refreshing. stuart: it is easy to recap. he is clear. no double-edged sword. >> if i could add, this is a street smart president. this is important for florida, georgia, arizona. the old gop lost the house on tuesday. donald trump is the new gop. they must be smart.

they must be aggressive. and move clearly to keep this country safe like they are in florida. stuart: exactly. my editorial which our audience will see in a couple minutes. >> bravo. stuart: more from you in a second. by the way a few moments ago we had breaking news on consumer sentiment which until recently been all-time high. ashley: it had been at 18-year high. comes in above estimates at 98.3. the estimate was 98. down a tad from october. this is first reading. they have a number of different readings in november. tells you consumer very confident. great job market. there is no reason to believe this number will slip anytime soon. positive economic indicator, consumer sentiment. stuart: no impact on the market by the way. we're still down about 150 points. we were down 120 when the president started to speak on the tape there. now we're down 147. jonathan hoenig with us, fox news contributor. much capitalist pig hedge fund manager.

jonathan, what do you make of the market down today? you have been down on the market recently anyway, right? >> yeah. i think it is trying to make a stand here, stuart, if you will but what will save us, now that big to stocks won't? that is what the market is trying to figure out now. we know leaders basically last four or five years. it has been the "fang" stocks, those high-tech stocks. october was just disasterous for them, for the market writ large. specifically for "fang" stocks. i'm keeping close eye on names like mcdonald's, coca-cola, starbucks, aon, until i see more strength, however, you have to be very careful despite good consumer confidence numbers. stuart: what you're saying there is a leadership change. big tech led us for two years if not longer, they're on pause and down. >> yeah. stuart: the new leadership, oh, i will call them old line companies like the one on your screen right now, mcdonald's. $185 a share. so you're saying new leadership

for the market that will take, take us all higher, that it? >> that is what, i'm looking for certainly and trying to seek out, find those opportunities. the biggest friend, stuart, i'm seeing however, isn't in higher stock prices but in higher interest rates. everything from mortgages to commercial-backed securities to treasurys, corporate bonds. this could be, if you will the canary in the coal mine. one of the reasons i'm perhaps not more bullish on the market. you're seeing weakness in treasurys. weakness in bonds, stuart, i haven't seen essentially since 2007 and 2006. that is what we saw prior to financial crisis, interest rates really start to rise rapidly. that could be one thing that could derail otherwise what is strong economy. stuart: fed putting rates up. yield on 10-year treasury at 3.21. mortgages close to 5%, 30-year fixed. sorry to cut it short. big day when the president speaks for 20 minutes.

>>ing. stuart: check in with you soon. we're holding just above 26,000. record profits at disney built on strong revenue coming in at its parks, resorts, movie component. look at disney go up 2.7% at 119 a share. proctor & gamble a dow component, restructuring the company, looking to simplify its overall organizational structure. activist investor nelson peltz joined the board in march. he has been lobbying the company to do just this. modest gain for the stock. jpmorgan cut its price target on ge, ouch. they think it will go down to $6 a share. it is at 8.46 right now. down 7%. you have to check the big techs. they're all down again. amazon is off $34 a share. apple is down 3. facebook down one.

alphabet down 13. we have microsoft down a buck 43. ashley: energy sector pulling this all down. oil well under 60 bucks. stuart: that is the main story. alibaba, on sunday, november the 11th it is singles' day in china. it is a huge shopping event. alibaba predicts record breaking sales this year. it was 25 billion last year. the thing will be bigger this year. all in one day. we're on the story. that migrant caravan, forging ahead. 6,000 people still heading north despite the president making it harder for them to seek asylum. i will ask the texas attorney general whether that is enough, the asylum change. in two years president trump managed to reshape the republican party. in my opinion this is, this is party of working class, working class america. it is not your father's gop. my editorial on that is coming up. world series champ on your screen. he will be with me on set.

he just invested in his no sweat technology to wear under his hat, the helmet, that is. he is also a free agent. i want to ask him if he go to the yankees, is he prepared to shave off the beard? is he prepared to pay taxes in new york? i will certainly ask him. we're here on "varney & company," this is the second hour of the show. ♪

stuart: this is not your father's republican party. it is not your mother's either. it has been transformed by donald trump. the tuesday's election results confirm it. it is party of working class america, what a switch. it was long portrayed as the country club party, snooty upper class party. tell that to the people in the

midwest, south, mid-atlantic states who voted republican. tell it to rural americans throughout the land who voted lockstep with the president. those voters like the jobs that a booming economy created. they liked trump's stand on illegal immigrants who compete with them for those jobs. they like a strong military, because they're the people who join up to fight the wars. here is an important point for the future, they want health care that is affordable. if that means subsidies, so be it. they don't want anyone messing with social security or medicare. trump is for all of those things. so who did the republican party lose? suburban america. on tuesday, voters in suburban houston, dallas, atlanta went democrat. six years ago they all went republican by double digits. districts outside of chicago, philadelphia, los angeles, reliably republican a few years ago, now solid democrat. all of this because of

donald trump. you can call him a populist but i prefer to call him a transformational president. that is what he has done. he has transformed the presidency and the republican party. the seg hour of "varney & company" continuing by the way. tammy bruce is sticking with us. okay. we didn't have animation. i got thrown. >> there you go. stuart: are you with me on this, transformational president? >> i am. here is the issue the old gop has brought in a lot of problems that alienated a lot of people in the suburbs, particularly their inability to deal with obamacare. that said something to american women in the suburbs who had control or even who had ideas. republicans were not moving that. the president on the other hand is actually bringing more people into the fold and he needs to make sure we retain the people we had before. i've also seen on social media, liberals are not exactly happy in the democratic party they're bringing in people they have

been demonizing for so long. maybe 1%, people who are doing, upper middle class. the president, transformational. the new gop versus the old gop. he needs to make sure we get the message out to suburban women, expand it even more. stuart: let's bring in mark penn, first time on the program, former clinton campaign strategist. good morning, mark. >> thank you for having me. stuart: you will love it, i promise you. i say the man transformed the republican party. the republican party is now the party of working america, what do you say? >> transformations take time. what he has done he won an election by stealing the working class from the democrats and taking it. it held, i think the second election. the suburbs started to trend democratic. the next presidential race will determine whether it's a real transformation or a one-time wonder. stuart: but he started it. >> he absolutely has. stuart: he speeded it up. >> he struck at the very heart of the democratic party. the democratic party made a huge

mistake neglecting voters at its core base for some years, favoring those voters and coastal elites. stuart: do you think president trump will be able to work with the democrats who now run the house? will the democrats who now run the house want to work with this president? >> i spent many years working with president clinton. every day newt gingrich and bill clinton would attack each other. every night they would try to solve problems. will that happen again? i don't know but it could happen. i like to be optimistic. i believe ultimately people who do the jobs want to get stuff done. nancy pelosi doesn't want to go out as just being a naysayer. i think they want to get things done, could be immigration, health care, infrastructure, could be criminal justice reform. stuart: the early going document sound like they want to work. they want to demonize him. >> in politics it is always worse before they agree. think of negotiations. there is always a strike before a contract absolutely. stuart: you think there will be

cooperation, immigration, drug prices you think likely to happen? >> more likely than not. stuart: i'm not going to disagree with you. you know more about this than i do. i feel the early going, they are just going at him. >> democratic moderates could hold a lot of power here, come the election nancy pelosi. may push for rural changes so moderates get more bills to the floor. stuart: what do you make of the press conference? >> that was remarkable. the president, raw, unvarnished answering questions. i spent a lot of time with president clinton how you answer questions. that is not what you saw at the press conference. this is what i think, here it is. stuart: take it or leave it, sports fans. mark, i hope you come back on the show. pleasure having you. >> thank you. stuart: we've gone a little further south. we're down 186. back in august, market watcher tom lee made this prediction if the democrats take the house while the senate stayed red.

listen to this. >> we have looked at since 1900. the performance of markets depending who is in the white house, who is in the senate, who is in the house. worst combination, republican president, republican senate, democratic house. on average down 2% a year. worst scenario for the market. stuart: the worst scenario for the market is one we've got. where does tome lee stand now. he is on the show later this hour. we'll be back. [ phone rings ]

hey maya. what's up? hey! so listen, i was taking another look at your overall financial strategy. you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. i'm all ears. how did edward jones grow to a trillion dollars in assets under care? thanks. by thinking about your goals as much as you do.

stuart: got to take a look at alibaba because, this sunday is singles' day. that is alibaba day. last year alibaba in one day, singles day, brought in $25 billion, one day. they say this year they will

bring in even more. while the stock is down 3.8%. there you go. market watcher ray wong is with us. he follows alibaba. are they going to beat $25 billion on sunday? >> i think so. happy friday. i think they will hit 28 billion. this is the olympics, powerball and oscars of china rolled into one. this is bigger than black friday and cyber monday combined. stuart: what exactly are they going to be selling? is it just vast quantity of products for 2billion dollars? >> it is everything. they have coupons. it is 150,000 brands. it is a well bunch of products and promotions and offers. this is their 10th year doing that and is actually driving most of the revenue sits on this one day. kind of like amazon's prime day, this is the big blockbuster day. stuart: what conclusions should i draw from it if they do indeed

get $28 billion from one day? >> you will see a couple things. you will see the fact that the chinese economy in terms of consumer market is picking up where you're seeing a lot of growth and see the international expansion of alibaba as it reaches goes into africa, europe and greater china area. a lot of people are participating in the promotion day. it is 11, 11, why they call it singles' day. stuart: i didn't realize that. what is about the chinese market, one day explosion sales, for alibaba. is there something about china? >> they do. they roll it up. there is a big entertainment piece. there is a lot of promotion. the market people are behind it. every brand has a special offer. basically the biggest shopping day in terms of e-commerce around the world. and so all the promotions and the best deals all happen there. kind of way we look at amazon prime. more importantly it is fact

entertainment behind it. it is also, the best ads get rolled out there. people compete for having best campaigns. it is bigger than chinese new year's, or lunar new year es. stuart: the stock is down 4%. is ma maybe the trade fight with china and america, maybe that will hurt alibaba sales? >> that is a great point. there is tariffs, the trade war. u.s. shipses sitting in the taiwan strait. there is a little tension going on in overall china where they sit. the tech route is still going on. but it is a time to buy. stuart: ray, thank you very much, indeed. we'll see you later. we'll see if they hit 28 billion. more "varney" after this. - [narrator] at athene, we think it's time

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♪ >> good friday. stuart: oh. i was 17 years old. susan: weren't we all? ashley: at some point. stuart: you weren't 17 when this number came out and i was. enough of this. there is never enough of the beatles. check the big board. we're down 140 points. we were down 180. now we're down 140. big tech names were lower. now they're still all lower. apple, facebook, microsoft, all on the downside. coca-cola launches two new energy drinks. the stock is up today. a nice gain. look at rival, energy drink company monster beverage. they have tanked yesterday. they have come back a bit today. up two bucks. that is nearly 4%. back in august of this year, our next guest said that a

democrat house, coupled with a gop white house and gop senate is a very bad combination for the market. that is what he said in august. tom lee who said it back in august is with us again now. so, we got that scenario, which you said was terrible for the markets. >> yes, but what we were saying, when you look at years, when you have that sort of, that combination in congress, plus a republican president, it happened under, with taft, hoover, reagan's first term which was good and then george w. bush. so what we ended up with was historically very stressful economic times. stuart: okay. we've got the combination, democrat house, republican senate and white house. it is not terrible for the market. in fact you think the market goes up from here? >> between now and year-end, it is not about who won the house. it is how everybody sold all

their positions in equities. when you look at hedge funds, they're net short. more net north than they were february 2016. stuart: what does net north mean? >> their position to make money when the market goes down. stuart: they're betting against the market, they're thinking it is going down. >> that is how they're positioned going into election day. stuart: okay. >> usually when the boat is tipped to one side, something happens, people suddenly have to put their bets back on. i think that is why we rally 10% to the end. stuart: whoa, wait a minute. we'll rally 10% by the end of the year? we're at 26,000 now. 10% of that is 2600 points. that would take us up to 28, 29,000 for the end of the year? >> for the dow yes. s&p is over 3,000. that is our base case. stuart: that is what you're looking at? >> part of it we got midterm relief rally. that should typically take us to 2900. on top of that october 11th, we alerted clients the market

broke down so severely in terms of the twonumber of stocks above their moving averages, that you only saw it happen nine times since 1990. the average gain was 13%. stuart: 10% by the end of year up from where we are now? >> roughly 10%. we made some gains. stuart: videotape still works. that is what you're saying? >> i am. stuart: i'm tying you down here. you're coming back on january the 1st. you realize that? >> yes. if it is 8.7 i won't have to go to the guillotine, right? stuart: you're writing her, millenials will drive everything going forward? >> oh, yes, demographics, talking about generations drive markets way more than we realize. the millenials are the largest single population, team born between 1981 and 2,000.

they're 40% bigger than thain parents. gen-x had a lot of kids. the millenials are becoming net income producers. more making money than teenagers. millenials will account for all the increased spending on financial products. they are the only source of growth for this economy. stuart: sort it out for me. sort it out for people, millenials drive egg, biggest generation, starting to earn money, tell me an industry will benefit in particular? >> there is a few. stuart: what is the top one? >> biggest one will be the banging industry. it will see a big surge in demand because the number, the number of people who really borrow money, we borrow money in our lives between age 28 and 48. that number of people because millenials will surge, similar to the surge from 1980 to 1992. which was when we had sort of a

big consumer boom back then. i think that is going to drive a big banking and consumer boom cycle. stuart: you also said bitcoin will go to 25,000 bucks? want to take that back? >> i do not. i still think bitcoin bottomed at 6,000. we've said that it has been the bottom. that is about break even mining. i think it will be very tough to make 25,000 by end of this year. if it is by march, i hope viewers understand if it took extra couple months to go to 25,000. not like we're really changing -- stuart: you with will come back on march the 1st. stuart: thank you very much, tom lee. google, let's deal with that the company's chief says google is overhauling the policy on sexual misconduct. this comes a week after employees staged a walkout around the world on that issue. come on in vivek wadhwa.

carney and harvard distinguished fellow. vivek you approve the google's attempt to shift the corporate culture. is it a success? >> stuart, they have been trying hard past few years. it is not a case of pretending to do it. google is dead serious. i know the company. i worked with them on this. i know they have a serious problem there. they have some rogues who have been abusing the system but they're cleaning up house. the announcement they made yesterday about changing policies, allowing, employees to sue and so on, the company is dead serious. i have confidence that google will improve the culture next few years or so it will take time. but they will get there. stuart: are there women who want to work in technology and who can qualify for the jobs available in technology? >> there are women and they're left out and this is a big problem. this is an overall silicon valley problem. it's a boys club.

women who have the same skills, interviewed by boys, who think they are women there is something wrong with them or try to hit on them. that is silicon valley. stuart: i don't get that. i don't get that the people who work in silicon valley are classic liberals. how on earth it is true they are boys who regard women as not being able to do the job if they're liberals? what is going on? >> stuart, sexism doesn't have any conservative or liberal bound over here. boys are boys. come on. you have friend, we have friends. we know how they talk and how they think. their sexism comes ahead of their poll things. that is the way it is. that is something silicon valley has to face. stuart: what about facebook, you think they have a long way to go. they have admitted they made mistakes. it didn't help with all the violence in myanmar. i read your stuff, vivek. you say they have blood on their hands. that is pretty strong stuff about facebook. >> stuart, the problem is is not

facebook or company or values they have a lot of good people. the problem is zuckerberg. he was a kid that grew up so bad. he didn't build up the social values and doesn't he is blinded by this vision. he thinks is god. that he is entitled to our data. this new device, where you can talk with your friends apand families he wants to watch you all today so he can get all the information about you. he wants to buy data from banks. he is obsessed getting data from us. he doesn't understand the danger he is doing. they admitted then responsible for many deaths in myanmar. they did it on election night, so we were distracted so no one would pick up the report. facebook needs to do something, stop the news feed, stop feeding information, stop deciding what they will read until they get fix the core problem. stop accepting political advertising.

it will cost them a lot of money but they won't do it because they think they are god. stuart: i agree with you, vivek. good stuff. >> by the way, bitcoin is headed to zero. stuart: i'm glad you got that in. vivek, see you soon. now this, the president of france, emannuel macron, calling for a european army to defend against russia, china, wait for it, even the united states. this as mr. trump is on his way to france. i want to know what nigel farage thinks about that. he will be with us next hour. >> no president trump changing the rules on asylum. will it be enough to deter the 6,000 person migrant caravans coming to america now? i will ask the attorney general of texas.

♪ ashley: in the last hour trump campaign advisor jeff balbaon, the negative strategy of democrats will help president trump's re-election bid in 2020. take a listen. >> we know ugliness is coming our way. incoming chairman of the judiciary committee heard saying it will be investigations all the time. they're going to try to make this as miserable as possible. i think on the campaign we'll take our direction from what we hear the president saying. he started off, first of all he will have nothing but good news i believe in terms of economy. he will keep on going.

the growth we've seen now will boom even more. he will strip away regulation upon regulation. we'll keep on hard-charging. compare that to the horrible negativity we'll hear out of democrats. we'll keep focusing on positive, we'll highlight their negative. ♪

stuart: we are coming back a little. now we're down 120. we had been down 180.

the dow, just about at 26,000, close to 26,100. not such a rosy forecast from yelp. they also warn their growth will slow, revenue falling short. add all that up you have a 28% drop in yelp's stock. how about roku? had its worst day every yesterday. i'm looking to see if there is any bounce today. i'm looking, i'm looking, where is yelp on the screen? we don't have it. i'm sorry, roku. got confused there. ashley: yes, yes. stuart: no bounce for roku. down some more, another 3% lower. roku is back to $44 a share. president trump is going to make it more difficult for migrants to enter the country and claim asylum. roll tape. >> i just signed the proclamation on asylum, very important. people can come in but they have to come in through the ports of

entry and that to me is a very important thing. stuart: come on in texas attorney general ken paxton. mr. attorney general, is this enough to slow the influx of asylum seekers? >> we'll see. i think it helps. the president has authority under federal law to do it. the u.s. supreme court upheld the authority with june related to the travel ban. they're using the exact same statute to stop entry of these migrants from the south. stuart: streeten me out, mr. attorney general. they're saying, you want to claim asylum, you have got to come through those specific portals. and if you don't, you try to walk across the border elsewhere, we'll literally keep you out. you won't get asylum. is it that simple? >> it's that simple. the statute gives the president the authority to restrict entry of any class of non-resident aliens that he wants to if he views it as detrimental to the country. the supreme court said he can

set the conditions, how it is done, whether it is done, when it is done. it is up to the president to decide how he wants to do it. stuart: you're a border state obviously. do you approve of this? >> yes, absolutely. we struggle with illegal immigration every day in this state. it costs us a lot of money, we deal with a lot of crime. we don't know who the people are. federal government told us some are in gangs. we certainly want legal immigration but we don't want people crossing the border that are not supposed to be here. stuart: they're arresting i'm told, 1000 a day. that is who they're arresting. is that accurate? >> i do not know the actual statistics. i know that is occurring. i don't know what the numbers are. stuart: they're holding a vote, people in the caravan, do we go to california, do we go to texas. what do you think they are going to say? >> i don't know. the trip to california is a whole lot longer, last time not too many people made it, only

200 the trip to texas a lot shorter. harder to get across the border into texas for whatever reason. stuart: i think they're probably coming your. >> they probably are. stuart: ken paxton, thanks for joining us. i know it is short but this is jam-packed news day. president had a 20 minute news conference. >> thanks for having me on from texas. stuart: thanks very much. how about this here is what is coming up for you. world series champion, dallas keuchel. i mistook his name. he just invested, there he is. he invested in a no-sweat technology thing to wear under his hat. wait a minute. he is also a free agent. i am going to ask him, does this guy looking like that, does he want to really play with the yankees? because he would have to shave the beard. i promise you, i promise you.

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what do you look for i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ stuart: we're down 170 points now. the price of oil recovered a little. it was at 59. it has bounced back to 60.

but it is still down there. check out the big oil stocks, please. i think we have them on the screen. here we go. they're all down because of the slide in the price of oil. it is the most rapid, longest, 10-day slide since 1984 i think it is. oil way down. big tech, down earlier. and still down. amazon is down 32 bucks a share. apple is down 3. facebook a buck. alphabet down 16, my stock. down 250. ouch. -- 2.50. can't retire. my next guest would like me to retire so he can take over. he is an investor in a company called no-sweat. they make miss dessable liners for -- disposable liners for helmets an hats. we have dallas keuchel, world championship pitcher for the houston astros. did i get that right. >> you did. stuart: i want you to tell me about this i have got a hat here. there is a liner, this is the

no-sweat band? >> it is, it is. it is disposable liner. they sell for three pack of 4.99. so very affordable. what it is, it is a -- stuart: hold it up. >> it's a liner you peel off the back, place in the front of the hat. and basically it is a sweat lock technology, which is patented. it takes the sweat. stuart: it stays in the liner. >> it stays in the liner, transition is it to a jell. stuart: is this your idea? >> it is not my idea. i was fortunate enough not to get into the business. we are very, we are very impressed with numbers. stuart: we're a financial program. we like dollar numbers. we like big dollar numbers. are you saying we sold a million bucks worth of these things a year? >> projections at a million. maybe a little less, a little more. but it is the third year of this company.

stuart: who knew that could sell a million dollars worth of sales from a sweat band? >> that is one of the things, the great things about it. is the fact that right now it is in sports. it is official licensed product of the pga. so that is really cool. but the expansion what we want to do, we want to push towards the industrial part of construction. we also want to try the military, which is great. ashley: that makes sense. >> a lot of people sweat. myself included. it is a product i use every time i pitch. so i know the product works. i'm very happy with it. stuart: nosweat is a great name for the company. >> i wish i came up with it but i did not. stuart: let's get serious. >> get serious. stuart: i understand you're talking with the yankees about pitching for the yankees, is that accurate? >> there will be, i'm hoping there are more teams involved than just a couple but -- stuart: why would i want to move to the yankees? >> well i think everybody is in play right now.

the lure of the city with be really cool. stuart: what? , what? wait a minute, young man. ashley: there you go. stuart: you realize if you relocate to new york city and you have a nice apartment in new york city, you will pay federal, state and city taxes? you don't get a tax deduction for any of those taxes. [buzzer] >> stop. stuart: i got buzzer because my production team wants you to sign with the yankees. what about the beard you? can't have a beard like that to play for the yankees? >> for the right opportunity, i would happily shave this beard off. stuart: you would? >> i would. stuart: you have no principles whatsoever. [laughter] >> all about winning. all about winning. i made that very clear from day one of my career starting to this position right now. stuart: why don't you play for a baseball team in florida, for example, no state income taxes, no estate taxes.

>> i played for one last seven years, in the astros. i know first-hand how nice that is. stuart: you take a pay cut if you move to the northeast. >> depends on the offer. depends on the offer. we'll figure that out pretty soon. susan: sometimes it is not about money, right, dallas? stuart: rubbish, it is always about money. >> sometimes it is about winning. susan: there you go. stuart: congratulations, on making money. we're all for it. thanks for coming on the show. >> i appreciate you coming on. ashley: it is the beard. stuart: i have good news for you on a friday. have you seen whoo is going on the gas station, gas prices falling and falling fast. it has a lot of positive implications for my wallet and yours. top of the hour. here we go, sports fans.

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stuart: have you seen what's happening at your gas station? prices are falling, fast. all of a sudden, i'm paying $2.50 a gallon. a few weeks ago, we figured $3 gas was a sure thing. oil was at $80 a barrel. now it's, what, $59.60. i call this good news. it's going to tamp down on inflation trngs goi inflation, it's going to put more money into your pocket and help travel, leisure, airlines and the overall economy. think of the implications. do you want to buy electric car now? couple years ago, electric seemed the perfect answer to gas prices near $4 a gallon. not now. $2 gas makes an electric vehicle much less attractive. no wonder ford and gm are moving away from small cars, or cars in general. consumers are buying what used to be called gas guzzlers, suvs and pickup trucks.

of course they are. who cares if you're guzzling gas when it's cheap? one caveat here. think about this. the democrats will surely be in favor of a higher gas tax. why not? the government needs money for infrastructure. why not make you pay more? hey, you won't even notice it when prices are falling so much. a gas tax might even draw in some republicans eager for any kind of deal. it might happen. it's a long way off. so sit back, enjoy the ride. if you're driving up or down i-95 going to or from florida, stop for a fillup in delaware. the average price there is just $2.38 a gallon and falling fast. if this keeps up, within a few weeks, a station somewhere will put up a $1.99 sign. the third hour of "varney & company" about to begin.

stuart: still down triple digits, up 166 as we speak. that's about two-thirds of 1%. i want to bring in the host of "making money with charles payne." that of course would be charles payne. i want to talk about this plunge in oil and gas prices. i think it's wholly positive for the economy. what say you? charles: it is positive, but i'm going to let you know now, if you drive to delaware just to save money -- stuart: no, no. charles: i'm just letting you know. but on the flipside of this, let's talk about why this is happening. i think that's an even bigger story in some ways. i call it an american success story. the amount of production that we are getting out there, the amount of jobs that we have created in this industry and they are high-paying jobs, it's economic security. we're not sending our money to a place where ultimately it gets into the hands of people who want to harm us. it is the ultimate story.

people don't believe me. when you talk about oil from here on out, you are talking an american success story. you don't have to think about saudi arabia or russia. think about america and americans. stuart: we are pumping, in america today, 11.6 million barrels of oil a day. that is more than saudi arabia and it's more than russia. american frakers dominate the global oil market. charles: a lot of this credit has to go to president trump. the fracking was already in place. let me tell you something. oil and gas extraction -- the unemployment rate in june of 2016 was 11.5%. know what it is now? 1.5%. stuart: really. charles: yes. from 11.5% to 1.5%. fracking was here. president trump removed all those barriers. he removed all those regulations and the industry has been able to flourish. the combination of our wherewithal, the fracking miracle and allowing this

industry to blossom, no way to hold them back now. we don't have the roads to get stuff out. stuart: look at this. a federal judge in montana blocked the construction of the keystone pipeline. transcanada says they are still committed to building this thing, but we can build it -- you can't do anything in america these days. charles: well, in that circuit he's going to put more judges. if anyone wonders about the outcome of the midterm elections, you better be thankful if you are a businessperson, someone who likes prosperity, that the republicans kept the senate. that's where all the personnel goes. they can still assign more judges. listen to this reason, the rationale from this judge. he says that the plan doesn't take into account the viability in the project if oil prices go down. also, they would like to know what happens with oil spills and the cumulative effects of greenhouse gas emission. first of all, the pipeline is infinitely more safe than train.

infinitely safer. as far as oil prices go down, it's elastic. you get to a certain level where it's not economically worth it to produce it, they stop producing it and it goes back up. bottom line is, this is -- oh, by the way -- stuart: the judge should not be making those decisions. charles: the trump administration failed to present facts and reasoned explanation. can you believe that? this is purely a political -- it's a shame. it's a shame. 48,000 jobs. stuart: one of the reasons we enjoy having you on the show so much is you do your homework. i think you must have done your homework about disney. the stock's at a three-year high and they have done very well from their parks and resorts and entertainment industry. tell me something more. why is this such a dynamite company? charles: well, it's a great proxy for the economy. it's a global economy but it's also a great proxy for the economy. in this case, the operating margin is what really -- everything went up, everything did better.

it's a magnificently run company. they've got these assets they will be able to mine for years, if not decades, and because of the balance, because of the balance, even a cord cutting thing has slowed a little bit. but because of the balance between the parks, between the movies, between broadcast, you know, they always have a way of sort of mitigating any downside risk. stuart: and streaming coming along. all that content they've got. charles: all that content they have. it will be a battle. it will be a serious battle royale but the bottom line, netflix shares are down today, disney stock is up today. that kind of tells you maybe some investors think they have a shot. it's a big head start by netflix but to your point, they have some serious assets there. stuart: and they have a pretty good ceo as well. talk to me about p & g. procter and gamble dominate the supermarket. they will reorganize. like it? charles: i do like it. in fact, they are one of the few consumer staple names that

reported this earnings period and actually had a good report. because the problem is, unfortunately in america, we don't want to pay extra for toilet paper. we won't pay extra for bleach. but a $1400 smartphone, where can i get it. these consumer staple companies have had a serious problem passing on price increases. procter & gamble posted a great report. this is a smart move on their part. stuart: we are down 215 points now. i hate to ask you to come up with the raison du jour why we're down. is it tech? charles: one of the things that was shaping up this week, one of the great parts of the week that i loved, we were learning -- the market was learning how to rally, has been learning how to rally without big tech. technology for the last five days, up less than 2%. what did better? consumer discretionary, disney, ulta salon, material names, in hopes of infrastructure

building, consumer services, communication services. we're down, we'll see how we close. i will say, if this was a month ago, if we had opened down 200, we would already be down 400. we are seeing results. even yesterday, buyers kept showing up throughout the session. we'll see if that happens. it's happened all morning long. every time we dip, some buyers are showing up. we didn't see anything like this in the month of october. stuart: we love the way you do your homework. charles: thanks. i appreciate it. stuart: we will be watching today, you on "making money with charles payne" at 2:00 p.m. eastern on the fox business network. thanks. charles: let's make some money. stuart: oh, yeah. isn't that what we're all about? charles: unless you want to save money, go to delaware append ge your gas. stuart: thanks, charles. look at ge, please. it's down really big. 9% lower. jpmorgan cut its price target. that thing's going to go down to $6 a share. that's a big drag on the dow.

look at the video game maker, activision blizzard. this holiday forecast fell short and down it goes, 13%. pretty much a similar story at yelp. the review website, down she goes, huge loss. that's a 30% drop. alibaba singles day is sunday. they expect, they forecast that they're going to bring in more money than they did last year. they brought in $25 billion last year. sorry, i made a mistake. ge is not in the dow. i do apologize. that's my mistake. susan: i was looking at my in x index. stuart: alibaba down despite the singles day coming up on sunday. world politics. france's president emanuel macron calling for a new european army to defend against russia, china and, wait for it, the united states, too. president trump heads to paris. he's going there right now to

mark events marking the end of world war i. what's he going to say about this? the trump administration also issued new sanctions on russia. this is about russia's actions in crimea. vladimir putin will also be in paris. will the two leaders meet? don't know. here at home, some midterm results still undecided. next, the latest on florida, georgia and arizona. why won't the democrats concede some of these races? we're on it. third hour, here we come. only half the story? at t. rowe price our experts go beyond the numbers to examine investment opportunities firsthand. like e-commerce spurring cardboard demand. the pursuit of allergy-free peanuts.

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however, they still have to count roughly 400,000 ballots. in florida, republican senate candidate rick scott suing election officials in broward and palm beach counties. they are heavily democrat. he accuses them of trying to steal the election in favor of incumbent democrat bill nelson. rick scott still has a slim lead. and gubernatorial candidate andrew gillum taking back his concession to ron desantis. gillum's lawyer wants a recount. in georgia, the governor's race undecided but republican brian kemp leads democrat stacy abrams. kemp resigned as georgia's secretary of state yesterday so he can transition to governor. abrams refuses to concede. now this. the trump administration issuing new sanctions on russia as president trump and vladimir putin both head to paris for events marking the end of world war i a hundred years ago. blake burman live at the white house. blake, will putin meet trump?

reporter: well, those two will be there in paris, france. there's this gathering of world leaders, stuart, converging on france because sunday marks the 100th anniversary of the end of world war i. so they are all going to be there together in paris. but the president is suggesting that there might not be an official formal meeting between the two. here he was when he was asked about it a little while ago on the south lawn. listen here. >> i'll meet with putin at the g-20. i don't know that we're seeing each other in paris, but we -- there may be lunch with the leaders, i don't know. i would say nothing. we have a good relationship. having a good relationship with russia and china and every other country is a good thing. reporter: so to answer your question, stuart, they are probably going to cross paths but as you heard the president say, no real meeting. instead he's pointing to the g-20 which is three weeks away in buenos aries so something will come of these two at some

point this month. the timing here is pretty interesting because just yesterday, the treasury department slapped a fresh round of sanctions against russia for its actions relating to crimea. stuart: blake, thanks for joining us. see you soon. the president of france, emmanuel macron, will also meet with president trump in paris. macron calling for a new european army, pan-european army, to defend against russia, china and america? fox news contributor nigel farage joins us now. what, are you kidding me? macron wants a european army maybe to defend against us? seriously? >> yeah. he's a euro fanatic. i have been warning for 20 years they wanted to build a european army. they actually want some of these leaders to destroy nato and they have always seen america as the enemy because america is bigger and richer and stronger, and they're jealous. but for macron to do it just a few days before president trump

goes to commemorate the end of the great war, the first world war, i think was absolutely crass in the extreme. maybe you can see now why his poll ratings are collapsing in france. stuart: what are the odds of the europeans actually getting together and organizing a european army? >> well, they are stated very clearly to want to do it by 2025. they are still expansionist. they want to remove any member state's ability to veto foreign policy decisions like going to war. i think they will get the european army, but i think in terms of size, it will be absolutely puny and the byproduct of this will be that nato will not continue to be operational in europe and one of the main reasons i fought for brexit was against this kind of thing. i think europe is safer with america and nato than it is with

a bunch of bureaucrats and pygmies like macron running the military. stuart: you don't care for the french president, do you? >> no, i don't. i love france, love the french people, but this guy is stuck with an out-of-date ideology. he wants to build a united states of europe and you cannot do that when people have different languages and countries have different histories. it's the wrong approach. i want a europe of sovereign states that are friends with each other, not one run by bully boys like him. stuart: and free trade within that group of sovereign states. is there something wrong with this? come on. >> of course. of course. what is wrong with that? we can have free trade, reciprocity, student exchanges. we can deal with cross-border problems like people trafficking. we don't need a european government, european parliament, and european court to do any of those things. stuart: music to my ears, mr.

farage. come tell us that song again whenever you like. nigel, you're all right. see you soon. thanks very much. here's something all news anchors worldwide, including me, should check out. the chinese state media showing off their newest news anchor. there's something different about him. he's not a person. roll tape. >> hello, everyone. i'm artificial intelligence anchor. this is my very first day in the news agency. my voice and appearance are modeled on a real anchor. the development of the media industry calls for continuous innovation and deep integration with the international advanced technologies. stuart: you know, i think he had a slightly british accent. i feel that way. is he my replacement? that was a digital version of a regular news anchor, artificial intelligence anchor. that's what we will call him. a.i. anchor. france currently the world's number one travel destination but there's one country expected

to overtake them by the year 2030. take a guess. the answer, next. show me movies a grinch would love.

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[ 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. [ laughs ] uh oh. [ laughs ] something in my throat.

stuart: before the break, we asked which country is set to become the world's number one travel destination by 2030, replacing france. the answer is on your screen, it's china. that's according to a new report from euro monitor international. they say asia's growing middle class and strong economy are behind china's eventual surge to the top of the tourist leagues. harley davidson unveils its first electric motorcycle called the live wire. it will be released next year. harley hasn't said how much it will cost or how long it can go on a single charge but a prototype gets 92 miles an hour and has a range of 60 miles. some draft scripts from "the wizard of oz" will hit the auction blocks, including 150 pages that detail how the movie evolved ahead of filming. it is expected to fetch $1.2 million. small business optimism at a record high under the trump economy. i want to know, with the democrats taking control of the

house, are mom and pop businesses getting worried? we will ask someone who knows. check the market. off the lows of the day but still way down. we are down 188 points. that's about three-quarters of 1%. we'll be right back.

stuart: we're off the lows of the day but still down sharply, 189 points as we speak. most of the dow 30 are in the red. the price of oil struggled back to $60 a barrel. it had been down at $59. that was a breakthrough and gas prices continue to fall, down 30 days in a row. the national average is now $2.72 per gallon. joining us, fox news contributor john layfield. i say that that plunge in the gas price especially is unmitigated good news for the economy. you want to take me on? >> i think it's fantastic news for the economy. we risk with oil prices going up and gas prices going up because of supply issues worldwide, mitigating the trump tax cuts. now we don't have that barrier right now. with consumer confidence at the highest level in 18 years, i think our christmas season, you

talk about consumer spending is 70% of gdp, is probably going to be the biggest on record. stuart: that's a very good point. now you've got more money in people's pockets as you go into november and december. it can't help but boost the selling season of late december. it just can't help but help it. >> it can't help but help it. look at apple. apple is supposed to come in around $93 billion for this quarter. if they have an upside surprise, they could come in at a $100 billion quarter, the first $100 billion quarter in company history. i think all trends right now point to a fantastic christmas seas season, with unemployment at 3.7%, wage increase at 3.1%, the consumers are out to spend. stuart: tell me about disney. three-year high for the stock on record profits. it's got a new name for its streaming service, disney plus. john, i know you bought this disney stock. i don't know when you bought it but i know you did buy it. i know you are a big fan. i guess you were right. >> i bought it in the high 90s,

i bought it on what they are going to do with streaming. two words with disney. wakanda forever. they create things like the black panther, they had five of the top ten movies this year. but out of those, two of those, invincible and black panther, were created recently. these are multi billion dollar franchises. once you create a movie, the ant-man or wasp man, and you have all these spin-offs, you create multi billion dollar companies out of each one of these different platforms and that's what disney is so great about. i think they have a real challenge here going after netflix. i think they will do a great job. if you look at espn plus, it's done a fantastic job. i'm a subscriber, i'm a sports fan, i absolutely love it. i think they will do the same with streaming as well. stuart: you got to want bob iger to stay on as running disney, surely. he turned out to be a really good chief executive. >> he certainly appears to be one of, if not the best-run companies in the world. bob has just done a fantastic job. you look at the problems you had with espn. he mitigated that with espn

plus. look at what he has with incredible blockbusters and what he's doing with his parks. he's now taking that to streaming. i would be worried if i were netflix because all this great content is coming off of it but as far as disney, they are doing everything right. stuart: now tell me about procter & gamble struggling to come back by restructuring its business. you think it's a buy? they want to divide into six different business operations here. is that going to work? would you buy it at $91? >> i think it's going to work but no, i wouldn't buy it. i don't like the consumer staples sector now. it's such low margins. procter & gamble will have a long road ahead with this. they went to ten geographical areas around the world, they reduced that to six to try to improve efficiencies. i'm not sure it's going to work. it's a great company but a slow growth company. i wouldn't buy the stock. stuart: are you a happy investor looking towards the end of the year? >> i'm an incredibly happy investor. the oil prices coming down was huge. you look at what happened with

the iranian sanctions. you gave a lot of exemptions so oil prices wouldn't spike. that was my biggest fear other than the trade war. oil prices to me was one of the biggest fears out there. that's been taken off the table. i love the economy here and i like the market. stuart: back to the beach, john. we will see you very soon. i'm so jealous. he's in a wonderful place. small business optimism has been at a record high in recent months. the democrats are now taking control of the house, so are mom and pop businesses getting worried? joining us now is juanita duggan, president and ceo of the nfib. what is the feeling now that democrats are going to run the house? >> thank you for having me, stuart. nfib has been representing small businesses exclusively for 75 years. we have been deeply involved in the electoral process for that long. we scrutinize candidates for their small business voting records and we subject

candidates to intense questionnaires about how they are going to vote. so we probably endorsed around 250 candidates this year, and many thechl wof them won re-ele. stuart: how do your people feel? you got the democrats running the house. they're not going to be real keen on expanding the economy, i don't think. how does your organization feel? how do your mom and pop businesses, how do they feel? >> our last numbers came out in october, they were the september numbers. i think you know the optimism index is hitting record highs for the last two years since the president was elected. we'll see how they feel about election when we get our next set. stuart: have you any idea? look, the election is several days old now. you have to get some feedback from your people, surely. >> i will tell you this. our main priority is to make sure that that small business tax cut that was adopted a year ago, that it remains permanent and that nothing happens to it. i think that we'll be able to make a great case to the new

democrats who run the house that that small business tax cut is inherently different and permanent for the small business part of the economy. remember that we are half the economy. we are half the payroll. two out of every three new jobs is created by small business. so nfib actually looks forward to the opportunity to have that dialogue with the new leadership in the house about exactly what that tax cut has done for mom and pops, and i think that they are going to look at it as something that's been inherently good. we look forward to it. stuart: will do. juanita duggan, thanks for joining us. appreciate it. next case, the feds tracking down or propose to crack down big on flavored e-cigs. the fda reportedly going to issue new guidelines next week. that includes banning convenience stores and gas stations from selling them. meanwhile, new york state is considering an all-out ban on flavored e-cigs. check the tobacco stocks. they may be affected by this.

phillips morris, there's not much change in those stocks. check the big board. still down big, up 190 points. check big tech, i'm pretty sure they are all still down. yes, they are. quite sharply so, too. look at coca-cola. they have launched two new energy drinks. the stock went up on that, it's up a bit more today, $49 on coke. now look at the rival energy drink maker, monster beverage, tanked yesterday, went down at the open today, bounced back as of now, 3.5% back up again. $56 on monster. check the banks. the fed announcing that it's overhauling its stress testing regime, making it easier for them to pass, i guess. the fed says the overall -- that over all it won't make the stress tests less stringent. ashley: better for small and regional banks. stuart: update on supreme court

justice ruth bader ginsburg. a spokesperson says she has been discharged from the hospital after she fractured three ribs in a fall she took in her office. she's doing well and plans to work from home today. president trump took questions before he boarded a plane to france this morning. he talked about what's happening in florida's election. roll tape. >> what's going on in florida is a disgrace. go down and see what happened over the last period of time, ten years. take a look at broward county. take a look at the total dishonesty of what happened with respect to broward county. broward county, there's a lost dishonesty. stuart: the president went on to say he wants to work with democrats on immigration. we'll consider that next. we'll be right back.

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stuart: to florida. both the races for senate and governor, undecided and now, we're dealing with lawsuits and yes, recounts. phil keating in miami brings us up to speed. what's the latest? reporter: stuart, the vote counting isn't even over yet, yet in about three hours from now, lawyers for the two florida senate candidates will be facing off in a downtown fort lauderdale courtroom, all for an emergency hearing. the hearing set in response to republican governor rick scott's lawsuit announced last night against the supervisors of elections in broward and palm beach counties. two of florida's democrat strongholds. scott accusing them of rampant fraud and incompetence. scott is hoping to unseat three-term democratic senator bill nelson as provisional and mail-in ballots were added to the total tallies wednesday and thursday. scott's lead from tuesday night

has now shrunk to 15,000 votes out of eight million cast. that is .18 of 1%. in florida, any race decided by less than half a percent goes to an automatic recount. this race is well within that threshold. canvassing boards in every county in florida met yesterday and will meet today to finish tabulating outstanding provisional and mail-in ballots which haven't been validated and added to the totals or have been discounted and tossed out. in broward county last night, things got heated. republicans accusing democrats of trying to change the outcome of tuesday's election. democrats countering that's preposterous, that this is the process and it's called democracy. florida's governor's race also appears to be headed for an automatic recount. as of now, ron desantis' tuesday night lead has narrowed to 36,000 votes or .44 of 1%, giving gillum reason to

unconcede his election night concession speech. in a conference call with the media in the last hour, the recount attorney for senator nelson's campaign said this morning, they filed their own lawsuit up in the northern district of florida, alleging perhaps voter disenfranchisement had gone up there, with those supervisors of elections the way they were handling signatures, matching them to signatures on file. all of this was going to be decided or ultimately most likely, almost assuredly, in a recount and the secretary of state of florida is expected to order that mandatory recount sometime tomorrow afternoon. stuart: i was expecting to see pictures of hanging chads there. bring in "fox news sunday" host chris wallace. are we headed for another bush v gore recount saga? >> well, a saga but not bush v gore, as important as the

senator from florida is in disposing of that and making sure it's the right person who actually had the most votes is put in place. it's not anywhere near the scale of the president of the united states, but it's going to be very interesting to watch and it's pretty dramatic. when we finished on election night, rick scott was a pretty clear winner with a lead of about 50,000 votes. now as they continue to count votes and we are three days since the election, so you wonder why they haven't finished counting the votes, in broward county and palm beach county, that 50,000 vote margin is now about 15,000 votes and they aren't finished counting all of the votes yet. that's one of the concerns of the scott forces. they say look, you can't even tell us what the total universe is. how many more votes are there to count and some people in the scott camp are saying are you just making these votes up.

now, they haven't given any evidence of, you know, hard evidence of fraud yet, but it certainly is a concern. all the counties have to report to the state election commission tomorrow. this is going to result in a recount but it's also certainly going to result in lawsuits and questions as to why these votes continue to come out in broward and palm beach county, and they seem so overwhelmingly to be for nelson and not for rick scott. stuart: fascinating stuff. here we go again. chris, earlier this morning, president trump talked about working with democrats on issues like immigration. i'm just going to roll tape for a moment so our viewers can see it. roll it, please. >> very important we need democrat support. our new immigration laws, to bring this up to date, the laws are obsolete and they're incompetent. they are the worst laws any country has anywhere in the world. it's only because we don't have the democrats' votes.

stuart: will you handicap it for us? what are the chances the two sides come together on immigration? >> i think it's very slim. there was a potential deal that the democrats were willing to sign on to and in fact, chuck schumer and dick durbin went to the white house, actually, i think it was lindsey graham and dick durbin went to the white house, thought they had a deal which was going to be in return for daca protection, they were going to propose full funding of the wall, $35 billion, then some hard liners around the president said no, no, you also have to have reform of the visa lottery and chain migration. so the idea that you're going to get the democrats to sign on to tougher immigration laws, the only way i could see a deal is if the president is willing to agree to something on daca and maybe even more than that. i don't see that happening. i think there are possibilities for deals with the president, perhaps on infrastructure, perhaps on lowering prescription

drug prices. those are two areas where there's some agreement. but on immigration, it just seems too politically fraught and lord knows, after this last election, and the whole president trump making a big deal about the caravan, i think it's less likely than ever. stuart: congratulations, chris, on the performance of fox news on election night. >> well, i feel personally and solely responsible for it. no, it was a great team effort. you know, it's wonderful, you know, i remember i have to say that when i came from a network to fox news cable, people were saying why would you do that. now i look and i see when they have the ratings, fox news is number one and abc, cbs, nbc, not to mention cnn and msnbc are down the list. stuart: it's a wonderful thing. thanks for being with us. appreciate it. >> thanks, stuart. stuart: this bears repeating. ge, jpmorgan has cut its price

target on the stock all the way down to $6 a share. that's where jpmorgan thinks ge is going. to six. it's down to eight today. big tech names, got to check them. here we go, still all down and significantly so. amazon offering free shipping for everyone through christmas. question, how badly will that hurt walmart and target? they are trying to compete with amazon. an answer from someone who works in the retail industry, coming up next.

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stuart: amazon is going after walmart and target, by expanding free shipping options ahead of the holiday season. free shipping for everyone, not just prime members. joining us is brett rose, ceo of united national consumer supplies. welcome to the program. you say amazon is crushing target and walmart? that's a strong word. >> it's a strong word but totally apropo. all things considered, consumers want free shipping, not quick shipping, and if all levels are equal, amazon rgs target and walmart, the one competitive

advantage amazon has that walmart and target can't is amazon has millions of these third party resellers constantly curating and filling their coffers with product. target and walmart are limited to what they have in stock that's ready to go. stuart: walmart has made big strides towards especially on the delivery of groceries. >> there's no denying that walmart has made massive strides, but to come after amazon, it's hefty. like i said, amazon has a constant supply of product that they're not just limited to what they curate on their own. they are limitless with regard to what everybody is sending for them to go right to the consumer. stuart: i know that you work with discount retailer, tj maxx, dollar tree. how are those companies handling tariffs? >> how are they handling what, i'm sorry? stuart: tariffs. in the trade war with china. >> interesting time, because if you read everything that came out, chinese imports are up 15% over same time last year.

so they have all frontloaded in preparation for the president's tariffs, which are now in full effect. all these retailers pushed up orders that may have otherwise taken months. so it's yet to be determined, but consumers still need goods. there is always going to be a need. the price is just going to fluctuate. stuart: we have had several people on the show who say that this holiday season is going to be the best in a decade. what's your judgment? >> i agree 100%. if numbers are indicative, everything these retailers are curating and everything the street is saying, it's going to be one of, if not the biggest q4 in history. even if you look at black friday announcements, black friday is out already. amazon has released their black friday items. black friday.com, macy's went live the other day with their sales. so retailers are vamping up to stay competitive. stuart: you're telling me it started already? >> absolutely, stuart. you go online now, you can figure out what retailers are selling for black friday. it's an amazing time to be a consumer. it's every day is black friday,

but right now, it really is. they have already released what the door busters are going to be. stuart: what about online versus bricks and mortar? is online going to keep on making inroads? big inroads? >> oh, without a doubt. there is always going to be the consumer as i said on this program a few times. there's always going to be that consumer that likes to go to the store, likes to feel it, touch it, get the treasure hunt, but now with realtime shipping, free shipping, realtime inventory, like i said, it's a great time to be a consumer. it's certainly competitive and amazon, while it's making strides, they are still going after brick and mortar, buying whole foods and some of the other retailers you're looking at says there is still major value in having that physical presence. stuart: you made your mark. we appreciate you being on the show. brett rose, everyone. there will be more after this.

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stuart: breaking news about the florida elections. president trump is sending lawyers to florida to expose what he calls election fraud. here is what the president is tweeting this just coming to us. as soon as democrats sent their best election-stealing lawyer, mark elias to broward count, they miraculously started finding democrat votes. don't worry, florida, i'm sending much better lawyers to expose the fraud. there you have it. >> he goes right at it. reacts very quickly. he is is not sitting back. susan: he talked about the horrible history of the county. >> yes he did. stuart: he answered questions on the way to france from the white house. he called horrible history in one of the counties in florida. susan: broward. >> broward county. stuart: horrible history. ashley: votes out of nowhere he

said. stuart: we hit fresh lows on the market. now we're down 250 points. that is the best part of 1% to the downside this friday morning. time's up for us. neil, sir, take it away. it is yours. neil: thank you very much, stuart. we have a bit of conundrum for cash and what is going on in the economy. you have oil prices tumbling well into a bear market. you have concerns inflation in this country at least at the wholesale level is heating up. traders are kind of whipsawed on that, one or the other but both, that is kind of a weird. we have the 10-year note going down in yield, up in price. as participants flock to quality. the belief this is maybe we'll stick our cash until all this settles out. good luck on that. particularly the oil front. what is whipsawing oil is whipsawing global equity markets as dominant player