>> great panel everybody deirdre bob thank you for joining us have a great day everybody cease "varney & company" take it away good morning maria, everyone it has happened earlier than i expected. we have found ten gas stations where the price is below 2 dollars a gone all in louisiana. lowest we found was a dollar 89 at the empire express station in louisiana. meanwhile here, yeah meanwhile average nationwide keep falls we're down to 267 now. down 35 days in a row. this has got to be a plus for the economy as we headed into the holiday season right just got to be. the gas price decline is all about sharp drop in oil. it is not in recovery mode

earlier opec reportedly was considering an output cut that made little difference to the price we still at 56 dollars per barrel. stocks yet will open higher today. we keep seeing these sharp swings for the dow industrials. that means we're not going to try to predict how market closes. but we're open up maybe 100. flavored e-cigarettes. in retreat, jewel, the company that makes most of them will take most of them off a the market. and they will no longer do social media. this is an example of a product driven out by the feds. the government is very concern that flavored e-cigarettes are hooking teens on f nicotine. "varney & company" is about to begin. ♪ this is our story and i love it. the cheapest gas in country is

around louisiana we've got it down to a dollar 89 at about 4 stations. and there are four five, or six others below two bucks a gallon. >> epic buzz i believe yesterday you said i think bit end of the month we're going to be reporting station selling gas under $2 well took less than 24 hours. what's interesting gas we know oil prices has been coming down dray dramatically but normally the impact at the purpose takes while to work its way through had it doesn't when all goes up. however, these prices have come down very quick and more money in everybody pocket. >> big boost for poor quarter. happy time billion but here's thing oil minister saying we will likely cut production. you know, the thing is this sanctions he's saying in administer that iran sanctions did not take as much out of the market as expected, and, in fact, study in ua produce more in saudi arabia and venezuela

combined. >> not having an affect on the price 56 bucks a barrel. at 216 august level. we have a market watch wither with us todd specializes in oil with a bold prediction. welcome back to the show, todd. you think that oil goes down to the high $40 per barrel level. make your case. >> good morning, stuart. welcome great to be back. i think that we see oil, it continued to go lower. you have to remember we've overall -- a lack of demand. we've got way too much supply and united states index that exporter of oil so there's really not that big demand to begin with and as we continue to move. we have with e-15 from ethanol which also takes away some of the heed for oil so we're going to see a continued buildup of supply and lack of demanding with the economy starting to slow a little bit. plus the fact that oil has been overs priced all along and at least based on opec and other things that were being or more manipulated as president trump

has been talking about. >> okay we've got the national average for regular gas now at 2.76 a barrel. how or pa down does is go? >> i think it gets to under 2 for you in new jersey quickly. i think we get down probably into the low 230, 220s before all said and done gas and oil are all coming lower. i think this is going to continue. the bounce we're going see in next day or so which we'll see one is probably mute you would have thought after the four dollar selloff we may have saw a bigger cent rally. j coming down, down, down oil and gas stay there todd. i have a couple of more questions for you a bit later on. i want to get to politics. look at this. newly elected socialist alexandria cortez stood with demonstrators outside nancy pelosi's office demanding a green, new deal. that is a rapid transition to 100% renewable energy no more fossil fuels period. looks to me that far left is

active among house democrats. foxnews.com columnist liz peek with me now. just the far left. i mean, the far left, they seem to be really taking or having quite an impact on democrats. >> that's where energy of the party is coming from this is now i'll tell you what, republicans have to be looking at this and sort of -- you know, in a quiet way thrilled to death because they've dealt with a freedom caucus all of those years being disruptive and pushing votes that the establishment republicans didn't want to encounter, et cetera. that is now what's happening han democratic party but i think it is sort of a heads up that this very young progressive woman from new york elected because she toppled a long-term incumbent who frankly was just two too entitled to campaign against her very aggressively she doesn't understand the situation. nancy pelosi right now is extremely important to alexandria corp. tees joining a protest outside her office is

not good for her future. >> but nancy pelosi i'm told if the vote were taken today she does not have the votes to be next. >> that is extremely true. she is in a fight for her life again but how many times have we heard this? last time nancy pelosi fended off a bid with 63 members of her caucus vote against her. but guess what she's still became speaker right now there are probably 15 who have opposed her publicly. some pretty high profile people like alexandria and a rising star but truth is nancy pelosi is a formidable foe, a formidable fund raise per knows where body are burieded and she's not going anywhere if she can help it -- >> a week after the election, well 8 days after the election, the democrats are really split. is that accurate? >> actually i was thinking about writing about this. because really what if joe manchin have in common with alexandria cortez let's talk energy, tax policy you could go down the list with i mean,

republicans interestingly i think are more united philosophically right now and in materials of their agenda than democrats. democrats are all over the the place which is why -- republicans during the mitd -- midterm campaign were offended/alarmed or interested in the fact that democrats had no unifying campaign theme other than opposing donald trump. that is all they had to talk to americans about. they really didn't have an agenda. it is going to be very interesting in next two years to see if they can pull that together believe me if nancy pelosi is not speaker they don't have a prayer of doing that. >> i'm smiling because i think you're going to have a lot of fun -- [laughter] >> you know, yes. enjoy it. >> we've been there. >> stay there for a second get to the market left-hand side of the screen you see how we're going to open up maybe 19 maybe 100 points. todd come back in again because -- another bold prediction from you. you've got to make your case again. you'll say that next year, 2019, the market dropped 20 to 25%.

make your case. >> well stuart here we've already seen in quarterly report earnings that we're getting a lower guidance. we're seeing more stocks make new lows then make new highs with higher labor costs. we're going to have whiler borrowing cost all of those loans that are out there right now are going to cost money. so profit margin are going to stat to squeeze. we're going to start sew oom changes overall and a lot of these companies and we're going to see some shrinkage is overall markets are telling you right now they want to go lower when you have wild swings daily in volatility with up and down rallieses that not sign a stable market but a market looking for reason to hold on to win its way lower. i think all of those reasons a enmore we go significantly lower starting to probably first quarter after a the santa claus rally we're seeing towards end this have year. >> three bold predictions today we prort that. let get some reaction for liz, down 20, 25% next year stocks you say what?

>> i don't see it earnings are -- are increasing and a rate of 25%. year over year that's going to be true i think in the fourth quarter as well. and you've already had a substantial pullback of about 20% in a lot of stocks. so multiples are not high. there is no kind of trapped door here in terms of overevaluation going into next year. look we're going to about -- there will be a santa claus rally i think fourth quarter will be gang busters in part because of lower gasoline prices you were talking about. but consumers already are gearing up to spend enormously in fourth quarter which as we all know is determinative for many companies and retailers. next year, ofnl you don't have big plus from the tax cuts. but i think earnings will be up another 6, 7% next year i don't see any reason that -- that multiples will shrink that much. >> liz peek todd both of you thank you very much indeed for joining us this morning. now i have some individual stocks that are in the news. making news -- first of all, macy's a positive outlook came out that this and

healthy sales growth the stock is up 1% at 36. you better check amazon. they're getting some backlash from all of the incentiveses that they got for putting their headquarters off one of the two headquarters new ones in new york city. some backlash coming with that but stock this morning is up 17 bucks. general electric said it has reached a dole to sell part of its stake in the oil company. hughes slight climb for ge this morning 870 as we speak. let's get to those california wildfires. give me the latest, ash. ashley: concentrate on camp fire biggest of the 130,000 acres burned here that's the size of the city of atlanta it is huge. 7500 homes damaged but more importantly at at least 48 dead with hundreds more missing, and unaccounted for -- there's a very grim time right now but make no mistake 35%

contained but 15,000 structures are still threatened by this storm. the winds have died down in last day or two had is great. but no rain in the forecast at least through thanksgiving. >> now california's governor jerry brown is getting some backlash about about a wildfire bill that he vetoed can you it will me more? >> back in 2016 it would have given force of law to portion the utilities to prioritize areas at risk are of power from down powerlines before force underground utility lines and map it out. jerry brown vetoed it he said it was redundant that utilities are already doing this it should be noted from that he's gotten millions of dollarses in campaign donations from utilities and energy companies over the last seven years. >> and utilities powerlines are getting some of the blame for these fires. for catch fire and wine country fire last year. this as the utilities are moving to move to battery operations and not gas that's even more dangerous. >> we open market in 18 minutes and dow will be up what --

triple digits we believe at this point of about 100 points. the caravan people about 100 expected to reach san diego this weekend. what are we going to do it i'll ask acting former director of i.c.e. what are we going to do in angela merkel joining macron calling or a real european army what does retired four star general jack think about that? he will tell us on no uncertain terms joule will stop selling flavored e-cig products in stores. company is trying stop teens from using them. i'll get into that, next. we're in memphis, tennessee, a city with one of the highest increases of women-owned businesses in the u.s. it's really this constant juxtaposition when you're a mom and an entrepreneur. with more businesses starting every day, how do they plan for their financial wellness? i am very mindful of the sacrifices that i make. so i have to manage my time wisely.

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

whether that's just a helping hand or full-time memory care. best of all, it's a free service. there is never any cost to you. senior living has never been better, and there's never been an easier way to get great advice. call today. a place for mom -- you know your family, we know senior living. together we'll make the right choice.

bad news from the post office, just released its financial statement for 2018. reporting a loss of 3.9 the billion dollars. first class mail volume down 3.6% this year. overall mail volume fell 3.2 billion pieces.

okay, that continues a long trend. look at this headline, if from "the washington post," trump's big 2020 problem the economy could be in recession. interesting. joining us now is herman cain with the protrump america fighting backpack are you going to dismiss this as the antics in rantings of left wing economists who are determined to bring trump down? or is this something in it? >> i would give you a two-word answer but i'm going to just give you one word answer. [laughter] no -- you figure out the first word. we will not be in a recession. and here's why. [laughter] i think you could figure it out. >> i can. >> here's why. the stock market demonstrateses that the fundamentals of sound, the immediate income going to over 60,000 dollars which means people have more money in their pockets in the bank accounts demonstrate that the market is sound. the regulatory rollback

incompetent democrat control house cannot regulate that the president passed because they would never pass in legislation through the senate. fundamentals of sound. the market as well as businesses also demonstrate they're not afraid of the -- they're not afraid of any interest rate changes that might be coming from the federal reserve. they know how to live with those changes bottom line stuart we will not be in recession and president trump is not overseeing recession because too many fundamentals are sound. >> okay that was a -- lengthy answer. better than two words. but i got your meaning right there. [laughter] i have to talk to you -- you're a business guy fop you went into politics but essentially you're a business guy. i want to talk about jewel. they're going to stop selling most flavored e-cigarettes in stores. they are quitting social media. because -- a lot of heat taken because markets to entoos maybe or teens were using it. seems to me this is an example of feds driving out a business.

as a business guy yourself, what do you think of that? >> the ultimate leadership ceo challenge is to have to redefine your business model because of forces you cannot control. that's what this ceo is going to be faced with. i don't know what the answer is. but they're going to have to retool their business model from top to bottom because they will not be able to escape all of the pressure coming from the fda. they might be able to dark and scurry around that pressure but if they're taking a hard look you have to redefine business model from ultimate leadership challenge. >> is it legitimate to drive this business out of the business? >> not if it is not doing anything illegal. not if it is not selling an illegal product. i don't know about this productline so i can't say.

but as long as the products are not illegal, it's not fair to drive them out of business. consumer will decide what stays in business and what goes out of business. >> you know, herman you have a real talent for speaking in soundbites. or you're ideal for lifting a bite of what you have to say and rerunning throughout the new nek for the rest of the day you are a star and you're going to get more tv time than me because you're speaking in bites. >> stuart you do a great job also and i'm not just saying that. but you know we have a limited amount of time to make a point. >> time is up. herman cain see you later. [laughter] okay. all right we open market in ten minutes time. we'll be up triple digits looking at about 120 point gain for the dow. maybe 40 points for the nasdaq. how about that, 1.5 billion jackpot in mega millions, it was won three weeks ago. so why is the winner? nobody --

>> i'll get there don't worry. nobody has come forward. [laughter] we're going to deal with that next, i promise. so lionel, what does being able to trade 24/5 mean to you? well, it means i can trade after the market closes. it's true. so all... evening long. ooh, so close. yes, but also all... night through its entirety. come on, all... the time from sunset to sunrise. right. but you can trade... from, from... from darkness to light. ♪ you're not gonna say it are you?

i am a techie dad.n. i believe the best technology should feel effortless. like magic.

at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. >> stocks going up this morning and gold right at 1200 dollars per ounce. period. right at it. lottery officials in south say e winner of the 1.5 million mega

million jackpot has not stepped forward but three weeks a. >> they have 180 days they have until april 21st to come forward and that allow you to remain anonymous is we may never know and it was sold in simpsonville, south carolina. but that's all we know. you know, they're smart but put it this way go get your lawyer. get it all sorted out because everybody is beginning to come out of the wood work wanting some money from you. so far apparently place where the ticket was sold -- has been a tourist attraction 10 to 15 show up to take pictures. guarantee it. [laughter] >> on a slightly more serious note if you can get more serious than 1.5 billion a man is banned from disney world he was waving a banner don't tell me the banner was -- [laughter] >> sorry. trump 2020. so this is dion from new york.

he was at disney world he's had an annual pass to disney world for 24 years. this is the second time he's done this. he was banned in september for holding pup a trump 2020 sign over main street station he goes on splash mountain hold technician up again and roller coaster keep america great banner he holds it up and revoked his pass. you know what he said i'm going to hang a 50 foot banner in the united states he's been out in the skull in like a a canoe and he said i hope you get hit by a boat drown but i'll keep doing it. would disney done that if it was he was a great president? i don't know for a fact -- but they say all of the signs are lawed all political signs. >> okay it is a funny story. watch carefully folks, it is wednesday morning. we're going up.

been down recently on market but up 120 at the opening bell. and we'll take you there after this. the hard work you put into lowering your very high triglycerides with diet and exercise deserves the hard work that went into the science behind vascepa. prescription vascepa. vascepa, along with diet and exercise,

has proven results in multiple clinical trials. vascepa looks different because it is different. over a decade of extensive research and development achieved proven results. that's the prescription power of vascepa. vascepa is not right for everyone. do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor if you are allergic to fish, have liver problems or other medical conditions and about any medications you take, especially those that may affect blood clotting. 2.3% of patients reported joint pain. ask your doctor about what the science behind prescription vascepa can mean to you. amarin thanks the clinicians and patients who participated in the vascepa clinical trials.

>> all right we got to open this market in about 30 seconds it is wednesday morning. we're expecting a nice gain and not exactly a huge pop but a nice gain when trading stocks

this morning. should be up about 130 points. we'll see in had 20 seconds time. i have to fell you that it has been a down time recently for dow industrials. and remember we're off 600 points yesterday we were down another 100. so we're going to start out today from 25,200 let's see where we go. boom 9:30 eastern we could morning we're off running and where did we open? we opened up 99 points. up 105 up 102. let put it like this we've opened up with a gain of almost a half percentage point for the dow industrial. there you have it up a half percent. how about the s&p, do we have a nice gain there answer is yes we do up two-thirds of one percent. not exactly a pop but a nice gain. we'll take it. we will take it. and as for nasdaq that tells me that technology is having a good day at least in the early going. or up about 1% on the nasdaq. who is with me --

shah gilani todd, elizabeth macdonald ashley webster and start with oil. earlier this wrng we asked todd where's the price are of oil going he said to the up 40 dollar per barrel range where's it going? >> in bare market i'm surprised that statements saudis made days ago i thought a basement and move higher so this is surprising to everyone and drop was precipitous of what could happen and stock down to 50 and test 45. test 45. okay up a bit right now. you're up 1% 1.7%. 5667 is where we are. but you say test 45. energy stocks are all well and services stocks have done very really in the third quarter, the growth of the earnings stocks for those companies was about 115% they contradicted tremendous amount to what we're talking about 29% increase in third quarter earnings. a huge part of that came from energy oil stocks.

now they're going take a hit and go other way. pmpleg well right now the dow industrials have opened with a gain of 200 points. we're at 25,487. nice gain right there. that's the equivalent of let me see that is all but 8.8% very solid gain i want back to todd. 20 minutes ago on this program you said next year -- 2019 stock market drops 25 to 20% repeat that please and repeat your reasoning in 20 seconds. >> well, i believe that next year we've got higher employment costs with wages going high per higher debt so all of that buying is cutting severely into earnings markets themselves in economy is start to slow just a little bit and everline issues to create a bigger selloff plus a panic on top of it. >> what do you got liz? >> i hear what todd is saying a strong case for that but as mccain said you know stock market is a great predictor where the economy could be going

if it is forecasting six months out you're not going to see a recession year after year. >> fair point got to check big tech because that's where money has been going beating down lately quite severely in sol case. apple trading below 200 a share. i've given up screen in a second but a is up to 190s are you buying in mid-1990s? >> i have a lift for banks and microsoft but in bear territory so scares heck of me. but i don't like market. market is very jittery psychology i believe changed. but company changed that much overnight? >> it is not a question of the company earnings i think are all fine for all of these stocks. that's not a -- psyche of the market but it is not done doing that. a little more volatility and getting into cash and a lot of that means getting out of -- big tech maybe they're buying back in a little bit. because all pflt techs up 1% but

not exactly a strong comeback. >> to todd's point that fed raise ares rates the dollar strengthens making the tech products pricier. and prices certain markets oversees. >> todd if your outlook is for sharp decline overall for stocks next year. i take it you're not buying any of the big techs right now? on this dip, is that correct? >> stuart i would not be buying any big tech, however, if they went down far muff, and i saw a level i wouldn't wait for the 20, 25%. i think you have to look had at each stock in an individual basis and apple went back 175 i would be a buyer of apple at 175 if amazon is back to 1200 i would look at 1200. but until we see some more severe selling, some more pushback because there's a lot of pressure out there. i'm not a buyer of any of them right now. >> that's an honest answer right there clean cult i understood it todd you might be back. check the big board we're up 200 just a few second ago now we're

up 161. i guess you can call that volatility. i'll go with volatility to watch for the day. macy's now they came out with earnings report today the important thing is they give a fairly rosy outlook when a company does that stock usually goes up. not much of a pop for macy's, though, up just 27 cents at 36. theythen we have starbucks to ly off roughly 5% of their global work force that is 350 employees. it's a restructuring that's what had they're trying to do because of slowing sales. so shah gilani that's 67 dollars a share are you a buyer of starbucks? >> no actually i put into order the stock has moved way too far ahead of pitts for my liking i think it is going to come back down to 60 perhaps 55 so gotten ahead of itself. the same story sales up 2% didn't impress me sales in china up 2% didn't impress me not impressed with this stock. >> i've built a lot. like 4 on average starbucks within one mile. sales depending on area of the

country. >> and seeking competition all over the place a lower price, about about a better price point in terms of special and other offerings that they have. >> it's the new shah gilani for years he's saying that's going on up this is going up. the market is really changed has really turned dramatically. you have changed. [laughter] >> how market improved. but -- [laughter] whew, the meal kit people as in blue apron they're going to lay off more workers can i see the stocks please what do we got there? ouch. down 10% a dollar and ten cents. world of pain for blue apron high cost high marketing cost customer churn they're losing customers by the double digits every quarter. competition from amazon they did hook up with jet.com but they are burning through cash right now. >> okay government is reviewing safety checks that boeing has in place. this follows the lion air crash

in indonesia looks like that could be a long-term headache for boeing. what do you think, todd? >> i think boeing is going to be fine stuart. you know they've priced in now a lot of damage and it is probably has let's say another five to six or 7% on downside. but at some point it is a buy -- i mean there are great company and continue to be great, and a little bit of a speed bump here, but as market pulls back boeing will. but there will be a buy price at the boeing at some point and let's say 325 or 330 where i would be looking at. about are they have an eight year full book worth pointing out eight years. >> a mental company with stocks i agree request todd certainly a buy. >> another executive leaving tesla long stream of executives leaving tesla this time one of their top lawyers. all right 345 a share teff lon you wouldn't buy it? >> con found me no i've said in

times i've shorted it a bunch times lost money a couple of time i stay away from it now. i don't understand it is up here again. there's too much competition for this and they're going to maybe hold their place for another six months maybe a year. and then you get other companieses to come online and it is going to be a problem for the the company in general. >> i hate to be, you know, he's a genius you know musk is a genius he's brilliant, however, that's stock needs to be training at a little bit high or than 357 dollars or else convertible bond holders say give us back our 900 million in cash in other words flies up higher than that level they can keep their stock and stay in stock. but they could with with healing is 4 months they have a new chair to keep that stock going up they need street credit in bond and barring markets to recap. >> brilliant brain amazing entrepreneur but pure chaos. you can best -- over 357 until they convert it. come into this, say that again. >> you can bet that stock gets

over 357 until all of this convertible bongdz stay on their stocks a little bit long or but that stock is short all day long. >> how does it get to -- talk tell me how do they do that? >> they'll get some buyers coming. we've seen this happen over and over again. i mean we go back to the 420 we can go back to he -- tweets like that anymore. understood but there's going to be money that is going to come in to force that stock to keep bondholders in and keep that holding stock we've seen it before it happens on a regular basis in a lot of places. >> mr. ghailiani is still not buy. >> let's not forget whole tweeting thing about a potential buyer for the the company took to stock up on that level. so there wouldn't be a conversion issue that's manipulation not hit hard enough by the fc are c for discretionings but a problem with management here and company and in some respect are i think stock had a way to go down. >> well, well well, ways to go down we shall see. it's a teflon stock how many

times have we said tesla i can't work this thing out. [laughter] look what he said now. not that could happen at 3:50 it is that time 9:39 eastern time. that means we have to say good-bye thank you very much for shah and todd welcome back to the program good to see you sir. check this big board we were up 200 now we're up 140 how about this? a shortage of marijuana. just as it is made legal for recreational use throughout canada. they've got a supply problem. what's wrong? what went wrong? i'll ask a canada to the guy that question -- better check apple, does the company have deep rooted problems our next guest thinks yes they do. they'll make his case but apple is at 193. oil prices -- a modest rebound from yesterday but nothing serious. i want to know when will oil hit bottom? i'll get into that when varney continues.

we're up about 160 point for the dow industrials. the interesting news on inflation this morning, it is tame at the consumer level is just 2.5% over the past one year we'll call that tame and it is helping stocks. chick-fil-a teaming up with door dash so what's the the talk -- online food delivery service it is yumminess straight to your door courtesy of chick-fil-a they're going to roll this out nationwide the thousand locations. what's interesting, though, the company said that delivers made within a ten minute radius of participating locations and we were talking about in a commercial break ten minutes in manhattan is probably different than ten minutes out in desert of arizona so that could be a

dig disparity how far out they deliver that's a minus thing and good for you pep and they're giving away 200,000 chicken sandwiches waffle fries free to kick off the event. >> we are within about -- 500 yards of a chick-fil-a a beautiful thing. >> we can get it -- we'll try that one. now this one sharp news i didn't realize come along so fast google in phoenix urban suburb this is coming within possibly weeks early december. could be the launch of the robot taxi in the suburbs of phoenix. >> no driver. no driver. you can request one if you want to be comforted and have -- they will have backup drivers. j hailing service hailing to me means on the street an wave your hand and they stop. >> it's astonishing so again, this is coming sooner than expected. and now, morgan stanley saying

this business could be worth $80 billion frat from that driverless trucking company could be worth another 96 billion so these are big businesses launched robot taxis now robot trucks coming -- >> came so fast. >> we talked about it for so long here it is. boom there it is. you know, we've had a lot of prediction on about program about the price of oil. and this is important because the price of oil is important for the stock market. and certainly, of gasoline which is falling sharply we need a professional and here is steven short the man behind the shark report straight at it steven where's the bolt for the price of oil? >> zero. no, no, no -- [laughter] 45, is it 50 is it 54 are we at the bomb now where? >> no. yoim from a production stand point we're at the bottom but no one can tell this is a fallen dagger risk and trying to catch that falling dagger what we have here stuart and i'll just

preface with the fact that i have an advantage because i do produce a daily letter so i'm accountable for everything that i say on a daily basis what we're seeing now with some major energy fund is absolutely blowing up. and this is the catalyst of what we've seen over the past month, we've had a 25% decline in crude oil prices 30% increase in natural gas prices. stuart, fund mentales simply do not move that fast to that degree so there is a large trader, a prop house that is losing money right now because they have the wrong physician going into this, debacle at this point. >> so what you're saying is this is a technical thing not a fund mental splice and demand thing sharp decline of the price of oil which we saw in last couple of day that's all about a big fund having to unwind its position is that what's going on? >> that's logically only thing that really makes sense.

because what happened and what i was telling my readers is we have a big rally at the end of the demand season in august and in through september this made no sense because dmantd was at its weakest. as we found out through the fc data large buying up crude oil through this rally problem now is they are along lick liquidity in a low market, and they're being made to exit their positions at a extremely level. >> close to the low -- 5455 dollars barrel is very close to the low in your opinion. yes? >> yes. as far as all a of the oil traders on -- searching at the bottom. >> i have to ask about price of gasoline are we going down like 250 national average? 230 national average. 267 now? >> right. so there is a historically a two cent relationship with the price of crude oil to the retail price. so with giving 12 consecutive day of decline in oil prices

we're assuming headed lower and gasoline prices so let's keep in mind, we're at that dy over dx transition demand will start picking up. >> i don't care about the dxd ysh where i don't know anything about all of that. give me a number. how far down is the national average for gasoline going to go? >> i -- honestly stuart what would tell me what is -- i don't care what the national average is. what is it? >> our viewers do. all right look steven i'm sorry i'm out of time grab you again next time. check market now because we're up about 150 points on dow industrials. and most of the dow 30 are in the green. how about this one, a beggen fund that is a -- a company, a fund they only invest in vegan friendly companies. how about that? would you invest in that? we'll tell you all about it, next.

did you understand all the fees you were paying? was your broker a fiduciary? were you satisfied with the attention you were getting? then i explain that being independent gives our firm the freedom to give our clients the attention they deserve. we can put a plan together that makes sense for them. independence lets us do that. charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com

holding on to rally dow is up 160 that's about two-thirds of one percent. britain and the europeans they've come up with what, a brexit deal, a draft deal. >> they have a drop deal stuart as we speak theresa may the u.k. prime minister is meeting with a cabinet behind closed doors at 10 downing street and meeting for another two hours she needs their approval. if they sign off of it and

that's -- probably will be signed off by her cabinet even though some may quit because they "don't ask, don't don't like it and ratify it and far from over she has to bring it back to houses of parliament and common has to vote on it pep and it is very, very likely they're not going to approve it. they don't like it it is not a physical divorce not a lot of people and then what happens? complete chaos because she could lose her job as leaders of conservative peats and new elections, and then whole brexit deal gets wiped out and go to beginning and cause for a second referendum will get louder and louder. it is called a mess -- >> yes indeed. now, here's something i find this really interesting. attention green investors. there is a vegan fund which will hit the markets soon. larry able runs it he's with beyond fund advisors and he's with us today. larry welcome to the program. >> thank you, stuart. >> so what's --

you put into this fund only vegan friendly companies and stocks. correct are? >> i think it is parts we take out unfriendly company. so animal factory and fossil fuels are are anti-friendly to climate. >> a climate fund as not just a sort of a vegan fund. climate is involved. >> a big part of climate change. >> so what's that got to do with wait a minute, the way we eat has to do request climate change? >> i think it is becoming well established that factory farming of animals eating a lot of meet and food chain required to supply that much meat to consumers is causing a lot of climate change we're seeing. >> are you calling cow flatulent? >> mechanics of feed that much protein to get that one back in meat form. >> i understand that you've got apple in your fund. >> correct. correct. apple have to do -- >> we start with broad u.s. index and remove name and scale rest of the index so you have to

think about the financial going on they're saying we're taking two industries animal factory farming and fossil fuels and we're saying rest the majority is going to outperform these two. >> okay you a vegan? >> i eat more than 95% of my calories from plants. occasional mussels or oysters. >> how long have you been a vegan? >> since i was a young man. >> republican so you were one of the starters of this whole movement veg nism. >> i'm not that old -- [laughter] >> well you're a young man not suggesting you're middle aged by mean but for 20 plus years. >> 25 -- yeah -- >> why? >> it is both good for my bids and good for planet. >> you're that convinced it that the planet is doomed if we don't stop eating meat or >> but go back to once a fort night sunday roast concept in england for example limiting meat to maybe once a week or forty night is

sustainable at most. >> not extremist. so not now you live in london right? >> and -- when does the fund when can i buy into the fund if i qish to buy in? >> ninth of january on the new york stocks exchange and it is it will be -- >> vegn -- well thanks for being with us. i'm a little skeptical but it is good to have you on the show. >> thank you. new york city has given money given tax brex and a lot of other concessions it attract amazon. well they made it amazon is coming to city but was the deal worth it? my take on that, municipal. top of the next hour.

. .

stuart: new york city has given money, tax breaks, and all kinds of concessions to attract amazon. is it worth it? my answer, yes, it is.

but new york is paying a high price. amazon got what i think is a bargain. here is the price. $1.7 billion worth of tax breaks from new york state. hundreds of millions more from new york city. new york is paying $61,000 per job. amazon doesn't have to build new housing and it doesn't have to employ locals. it probably will. the richest person in the world, founder, jeff bezos of amazon, he gets his own helicopter landing pad. that is the deal. there are plenty of people who do not like it. newly-elected socialist, alexandria ocasio-cortez thinks it is a rotten deal. why give anything to a company of this size and power is what she is asking? what will it do to subway travel, already prone to delay. what will it do to housing already pricey and pushing locals out of the area? it's a test case for new

development. how much do you pay a big-name employer named amazon. you pay up what you think will get out of the deal. 25,000 jobs on the way? that is biggest influx of jobs in the city's history. it will bring in income tax revenue. remember, please a 4% city tax you have to spay. there is all the spending amazon has to do to build eight million square feet of office space in new york city. new york's leaders say they're getting 9-dollars back for everyone dollar they put in. i buy it. i think everyone wins. one of those rare occasions i will throw in my light with mayor de blasio and governor cuomo. i said it on tape. second hour of "varney & company" is about to begin. ♪ let's get right to it, come on

in julie samuels, tech nyc executive director. this is trade organization for technology companies here in new york. welcome to the program. >> thanks for having me. stuart: do you agree with my basic premise that new york city paid heavily but got a good deal? >> 100%. the kind of knock-on effect, job multiplier number. it is not just about the 25,000 jobs which is potentially going up to 40,000 but think about all the additional jobs in the neighborhood. coffee, restaurant bars, you name it. this is the part i haven't talked about enough. i find it to be most interesting piece of it. the way the technology ecosystem works here in new york, everywhere in the valley. people come, they work at big companies. they get training. make a lot of money. usually leave and start their own companies. stuart: incubator. >> incubator. they start and work at companies

their former colleagues started and they start here. stuart: the local people, some of them, not all, wait a minute, we can't take the extra people on the subway, crumbling, what do you say about that? >> no doubt the subway is crumbling already. it needs to get fixed. i would argue 25,000 people in new york is actually not that many. a lot of them hopefully will be new yorkers anyway. stuart: so you are really dismissing that. >> i'm not dismissing that, i think the fact we're getting influx of economic activity in new york city may be something politically we need to get things the fixed up. stuart: you have to talk about housing. houses, prices rents rising dramatically especially in the area. they will really take off now. >> we're seeing anecdotally. i read that already. stuart: amazon doesn't have to build low-income housing or middle income, doesn't have to do anything like that. >> under the deal, my

understanding they're not required to. someone represents tech industry in new york, there will be a lot of people at table to figure out solutions there is real, functional affordable housing for all kinds of new yorkers. stuart: no way this deal gets revoked, no way? >> hard to imagine and i don't think it will. stuart: no extra details imposed on agreement, they got the agreement, they signed it, that is way it will be? >> that's right. stuart: there is no come back from alexandria ocasio-cortez? >> not that we know or seen yet. this is tough deal. this is a competition. this is something the governor, mayor said yesterday it was a competition. the city and the state went to bat, 25,000 good jobs, really good jobs are going somewhere in north america. i can't even -- why wouldn't you want them here? stuart: why wouldn't you want them. liz: making great points. that we turn into an incubator. >> that the deal literally has incubators.

they will be incubating companies as part of the deal. you have this kind of secondary effect. they talk about the rinse and repeat cycle. what does that mean, huge employer paying people good money to work in industry that is powering all industries. stuart: how do you turn it down? how on earth -- >> don't understand the basic economics. stuart: how will i get away from the videotape of me saying governor cuomo and mayor of new york saying it is okay. >> you did a great job. stuart: you can come back anytime. >> appreciate it, thank you. stuart: check the big board. the dow industrials are up 130 points. 25,400. look at macy's strong profit report, online sales strong, looking into the future predicting a strong holiday shopping season. the stock is down 60 cents. i'm not sure i get that, something on the call or in the report messing it up.

only just turned negative i'm told. price of oil recovering, now at $57 a barrel. not much of a recovery but we'll take it. up a buck 39. that is up 2 1/2%. the price of gas, the national average down to 2.67. we keep saying it. the price has gone down for 35 days in a row. apple, having a rough time of late. down again at 191. that is the score on apple's stock right now. vivek wadhwa with us, harvard, carnegie mellon distinguished fellow. you say apple has deep props. tell me what are they? >> stuart, there are a few things. first of all it run out of tricks. the i phone came out in 2007, 12 years ago. they turned it bigger into an ipad. made it smaller, turned it into a watch. playing with form factor. we have the ear bud but no

breakthrough inventions. apple is cautious about inventing new technology. the other problem they won't change the marketing strategy. when they go to india, they go to china, they're selling high-end expensive markets where people can't afford them. not trying new things, new experiments. one thing they could do for example, in india, test the new technologies out before they bring it over here. let them try it out over there. then they bring it to us when it works. stuart: you're not a stock market watcher, you're not a financial analyst, given what you're trying to say you don't think there is rebound for apple 's stock bearing in mind the props? >> not unless it releases something big. maybe a self-driving apple car we've been dreaming about a long time or new tv set, a really big ipad. something magical blows us all away. we have to get this. there is nothing like that in

recent times. stuart: talk to me about facebook. we have to the news on this. a security company released new details on a bug that could leave your personal info exposed, a bug on facebook. what do you think? these occurrences keep on coming at us? what do you think we should do with facebook? >> i stopped using facebook, frankly. i should have an account. i don't use it anymore. i don't trust facebook at all. suckerburg thinks he-mark zuckerberg owns you are data but he thinks owns our data. he is careless. he allowed people to take information he has misuse it. that is what happened with came binning analyst can. that is what happened with a lot of other leaks happening. stuart: given your druthers, given to do with facebook what would you do with facebook? >> i would limit what they can take from us.

i would limit the amount of data that they have, have them inform us of everything that they have. allow us to control what they have and what is shared. hold them liable for data breaches. stuart: liability. liability. sure. vivek, i'm out of time. thanks as always for being with us. >> absolutely. stuart: i want to get to the california wildfires. i have an update there. 48 people are now dead on that. ashley: 48 people in the camp fire in northern california, two in southern california for a total of 50. two fires still burning in southern california. the winds have died down but a lot of attention on the camp fire in northern california. as you say 48 people dead, more than 100 still missing. we find out that a group of bay area lawyers filed a lawsuit against pg&e, the utility, pacific gas & electric, for being negligent maintaining infrastructure and properly managing its power lines. no official cause has been given for what triggered fire last

thursday, they believe there could have been a sparking power line near the town of chico started this, got picked up by the horrible winds but already the lawsuits have begun. stuart: that means the price of electricity is going to go up. ashley: yeah, i would imagine. stuart: is there any way around that? faced with a liability problem like this? ashley: yep. liz: jerry brown did sign into law a bill would pass on cost of rebuilding infrastructure to the taxpayers. stuart: to the taxpayers. taxes are going up. ashley: yes. stuart: thank you, liz, ash. check the big board. holding on to a triple-digit gain. 25,400 is where we are. we have germany's angela merkel the latest european leader to call for a european army. they don't have one right now. they want to get one. this is days after the french president said the european union needs an army of its own to defend against, what, russia, china, america? what does general jack keane think about that, a european

army? he is coming up later this hour. first though the popular e-cigarette company jewel will not sell most of their flavored e-cig products in stores anymore. they're quitting social media. they have been under pressure from the government because of teen e-cig use. they can this out a scene outside of nancy pelosi's office. this was yesterday, protesters, led by newly-elected congresswoman alexandria ocasio-cortez, demanding action on climate change. new class of democrat lawmakers, not even sworn in yet, they're already making some real waves. you're watching the second hour of "varney & company". ♪

stuart: this is breaking "the wall street journal" reportings that matthew whitaker can legally serve as acting attorney general. tell me more. ashley: based on a legal opinion put forward by the justice department.

they argue the appointment is lawful under vacancies reform act. critics say you need senate confirmation. the justice department says that is not true. but is this the end of the legal wranglings? probably not. good chance this could end up with the supreme court. justice department is saying no, it is perfectly legal for the president, he has the power to appoint mr. whitaker as acting attorney general in the wake of jeff sessions leaving the administration. stuart: listen, quickly, senator charles schumer has been officially been reelected as senate minority leader. we expect to get news on the gop leadership vote as well today. that is expected to be mitch mcconnell. no doubt there. check the big board, with lots of triple-digit gain. we're up 85, 25,300. layoffs coming to starbucks. cutting 5% of its global corporate jobs. that will be around 350 employees. similar story at blue apron. the meal kit people. they will cut about 4% of their

overall workforce. this is a move to save the company, try to save 16 million bucks. blue april hasn't turned a profit since going public last year. the stock is down to a dollar a share. look at this, hundreds of activists, including newly-elected alexandria ocasio-cortez protested outside of nancy pelosi's office. they're demanding action on climate change. get rid of all fossil fuels, 100% soon. charles hurt with us, fox news contributor. charles, where is that smile? thank you very much the left is making a lot of noise? are they leading the house democrats now? >> it is kind of, they can't ignore them. nancy pelosi cannot ignore these people, they are sort of the, she said herself, they're the lifeblood of the party right now. especially when you step back. look at nancy pelosi. she has been, she has been the leader of that party for decades now. the longest-serving leader of a party in either chamber now.

and so that sort of, the youth there, i think has a bit of a sway for her. but, i think this is going to be the fight we see for the next two years in both house and senate where you have, democrat leaders trying to sort of present themselves as somewhat reasonable, trustworthy. you know, americans can have faith by giving them full control of the place. you will have this left flank tearing, pulling the party as far left ward as they can. of course in the senate it will be even worse because chuck schumer has at least 10 people in his caucus running for president. not only will they be pulling to the left, they're all trying to get attention as the wackiest left-wingers possible. so it will be exciting to watch. but difficult for them. stuart: but at the end of the day the far left wants climate change action, 100% renewables.

the far left wants to abolish i.c.e. the far left wants open borders. the far left wants to roll back tax cuts. the far left wants to roll back deregulation. will they be successful in any of those areas? >> i don't think they will be but they will, the silver lining for republicans, for donald trump in last week's election, voters voted for dual power, split power. they gave democrats the house, republicans the senate, but the silver lining is, that i think that all of the investigations we've talked about we'll see in the house, all these things you're talking about right there, which would of course reverse the trump economy, all of that, give them two years to do that, suddenly donald trump, when he is running for re-election is in much better, trump likes to have an enemy. he likes to have bogeyman. he will one with nancy pelosi

and democrats. stuart: no wonder you're smiling a split democrat party in the senate and house and far left idea which will go nowhere plus variety of investigations that won't be very popular. keep the smile going, charles. for two years. we'll see you later. >> thanks a lot. stuart: very interesting story coming up here. sports, the nfl moving a game between the chiefs and the rams. they were supposed to play in mexico but there were safety concerns about the stadium. now a lot of fans are really angry about, they're out-of-pocket too. jared max has the full story after this. ♪ [ phone rings ] what?!

ready for christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile.

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

market early this morning when we got benign inflation reports. we're only going up 2.5% inflationwise over the past year but we're holding on to a modest gain now, 72 points higher. 25,300 is where we are. the chiefs and the rams were supposed to play a highly anticipated "monday night football" game next week but it has been moved because of the poor condition of field. that leaves fans out in the cold and some will lose a lot of money. jared max, reporter, explain please. >> they still get a little vacation in the mexico city. nfl flayers threatened to not play the game because of condition on the field. heavy rains and recent concerts torn things up. so there is a serious concern for player injuries. suppose i book ad flight i obviously would have had to do game in five days to mexico city. then i find out, wait a second, we closed wally world where the griswolds gone to the car to

drive across the country if wally world was closed? they have airline tickets, non-refundable. hotels. spoke to judge napolitano about this. he says it depends, suits could get filed. the nfl will deal with reimbursement of ticket costs. they will announce in coming days. if you book ad hotel in mexico city, part of american chain, maybe you have a legal claim to fight, same thing with airlines, what it comes down to where you live and judges sit in their attitude. stuart: okay. but, we had a picture a moment ago of the field. >> horrible conditions. stuart: really just chopped up, chewed up. i can't tell that well. >> stuart, we had two games in mexico city. 24 played in london. this is the first time to our knowledge a time has ever been relocated out of an international city to the united states. it is great. the rams will give away free tickets, thousands of free tickets, comps to first-responders from the recent tragedies of the wildfires and

shooting. again you look at a situation, what do folks do? i put this time for vacation. i booked this do you have to call your lawyer, here is our deal. this was a destination event. i'm not going to mexico city to see mayan ruins on this trip. i was going to see football. stuart: an interesting legal conundrum. you're not a lawyer. >> no. howard cosell was though. stuart: yes he was. very true. thank you very much, see you real soon. i want to talk to you about chik-fil-a, i really like their stuff. they're launching a delivery service. tell me more. ashley: order from home in your palatial residence. chik-fil-a arrives, chicken sandwich and waffle fries for stuart varney at the front door. they partnered with door dash a online delivery service. there is proviso. you have to be within a 10 minute radius of the participating locations. they have to be a little, got to give some ground on that.

ten minutes varies from city to city, place to place. stuart: what does that mean? ashley: giving away 200,000 free chicken sandwiches and waffle fries which a beautiful thing. stuart: gas down 35 days in a row. i agree with but the beautiful thing. ashley: thank you. stuart: we'll tell you where the cheapest bass is anywhere in the nation. by the way we're talking about gas below $2 per gallon. that time of year again. national dog show coming back on thanks giving day. hosted by john o'hurley of "seinfeld" fame. he is with us on set this hour. who will win best in show this year? i don't know whether he knows or not but i will certainly ask him what do you look for when you trade? 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. ♪ moving? that's harder now because of psoriatic arthritis. but you're still moved by moments like this. don't let psoriatic arthritis take them away. taltz reduces joint pain and stiffness and helps stop the progression of joint damage. for people with moderate to severe psoriasis, 90% saw significant improvement. taltz even gives you a chance at completely clear skin. don't use if you're allergic to taltz. before starting, you should be checked for tuberculosis. taltz may increase risk of infections and lower your ability to fight them. tell your doctor if you have an infection, symptoms, or received a vaccine or plan to. inflammatory bowel disease can happen with taltz,

including worsening of symptoms. serious allergic reactions can occur. for all the things that move you. ask your doctor about taltz. sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ i just got my ancestrydna results: 74% italian. and i found out that i'm from the big toe of that sexy italian boot! calabria. it even shows the migration path from south italia

all the way to exotico new jersey! so this holiday season it's ancestrydna per tutti! order your kit now at ancestry.com

♪ stuart: first monumental hit if i'm not mistaken. ashley: he had sullivan show when i hear this song. stuart: so did i. over 60 years ago. we lost the triple-digit rally afraid to say. we opened with a gain of 200. we're back to plus 59. big tech names are very interesting no serious recovery there. facebook at 143. amazon at at 638. google up a dollar that is all. -- amazon at 1638. we have senator mitch mcconnell, has been officially reelected as senate majority leader. earlier senator charles schumer was elected minority leader of

the democrats in the senate, got it, all expected. now this, news picks, that bills itself as unbiased alternative to facebook. news picks, moved with the news publisher quarts. this is a big deal in some circles. joining us ian myers, general manager of the quarts platform. get this out of the way first of all. why did you merge with quartz? >> they bring us excellent audience, scale, a lot more time, a lot more money, a lot more energy. they bring a community we can merge with existing community on our platform. this gives us much more robust commentary. stuart: you've been on the show several times. explain again, exactly what newspicks, how it works. >> absolutely. we cure rate the best business tech, markets news for our readers. we allow readers and experts who are quartz pros to comment on

the news so we get comments on stories you're reading. stuart: both sides of political fence? >> absolutely. stuart: larry summers, former treasury secretary? >> yes. stuart: he might be commenting on various items. >> yes. stuart: okay. >> he is one-half of the the equation. we have people on the other side commenting. that is what is important. stuart: you are feeding a certain kind of news coverage to your subscribers, right? >> we have editorial oversight. so our editorial team picks stories from a variety of different outlets. almost all the major publishers, you can see stories on the platform. stuart: it is balanced. >> absolutely. we try our best. stuart: facebook is not? >> facebook is using algorithms to feed news to people. really hard to tell sometimes. stuart: you said your platform at the moment was free. >> yep. stuart: you intend to start charging at some point in the future. >> the time has come. the platform is free itself. you can still get all aggregated

news, curated news. we have product launch from quartz that goes in depth every week on topics outside of the news cycle. we're looking at a cashless society. what does it mean when there are no longer bills in your pocket. stuart: i pay for that? >> you do. stuart: that is the quartz platform, i pay for it? >> yes. monthly subscription for the content. the platform is still free. stuart: how many people have you picked up at newspicks? >> we're 500,000. it is growing like a rocket ship. a lot of them came from you, stuart. i have to get that out of the way. stuart: last question, big technology companies, not asking but the future or financial price of the stock, not asking you that, their business expanded all of them, dramatically. do you see any slowdown? >> they have geographic growth left. they have got product growth left. they are fantastic making acquisition that allow them to enter new markets to dominate them. i don't think there is a slowdown coming anytime soon.

stuart: newspicks is doing well? >> it is indeed. stuart: how do i get it? >> app store. stuart: newspicks.com. >> now the karts app. stuart: i get it. mr. myers, always a pleasure. >> thank you, sir. stuart: i want to get to oil. today it is actual up a bit, 5dollars a barrel i think we got to. that means it could break a 12-day losing streak. it is at 57.04 as we speak. gas prices though. they keep on heading south, going down. 267 is the national average. down 35 days in a row. want to go to jeff flock. he is in chicago for us. you got to tell me, jeff, where in this entire country can i buy the cheapest gas? >> your crack staff located that very spot with help from the good friends at gas buddy.com. your cheapest gas in the country, survey says, louisiana,

new orleans, louisiana. the address is 4301 louisa street. it is empire express, selling gas at $1.85 a gallon. pat dehaan tweeted to us. he has five stations, five stations at least under $2 a gallon. i know you love predictions, you can come back when they're wrong and chew the guy on the air. patrick dehaan predicts hundreds much stations around the country under $2 gas. i know you love it. stuart: patrick dehaan is the guy at gas buddy. my goodness, hundreds of stations below two bucks by thanksgiving. >> hundreds of stations. a lot of traders behind me we have bottom on oil. we may not go much lower. patrick dehaan says gas prices

will continue to fall. stuart: that is a freight -- great headline, jeff. i love it. chris zacarelli is with us. welcome to the show. >> thank you. stuart: why is cheap oil a problem for the stock market? i don't get it. tell me why. >> sure. in the past oil has been a large cost for consumers and businesses, that historically has been true. we've seen a real shift since the fracking and energy boom in the united states. a lot of earnings you get from oil is actually a positive for companies. it is also a sentiment indicator as well. to the extent oil is going lower that makes people concerned that maybe global growth is going down. that would be a negative for the stock market even though lower gas prices are great for consumers. stuart: lower gas prices, if that prediction from gas buddy is correct, hundreds of stations

below $2 a gallon by thanksgiving, that would be a enormous boost for the economy and consumers. i want to move on to trade. seems like there is positive developments with china trade. president trump meets shine's xi at the g20 summit. president trump has spoken to vice premier. the treasury secretary has. there seems to be move towards some kind of trade deal with china. maybe. if there was a deal, was announcement. what happens to the stock market? >> i think if we had a trade deal with china, would be great for the stock market. could see the stock market up 3% for one day and up 10, 15% over that. that is one of the biggest fears hanging over the market. a lot of negative sentiment we see in terms of stock prices, price to earnings ratios being lower than they have been over other parts of the cycle has to do with the trade war with china. i think it would be a very positive development. stuart: tell me about the big technology stocks which have taken a hit recently. i don't see many of them truly

recovering at this point, so far i should say. what do you make of the big techs? is it time to stop buying them? >> i don't think it is necessarily time to give up on big technology companies. i think we're in for a period of weakness. we've seen a lot of weakness last month. even this month. you're not seeing as much recovery. in the short run it is definitely tough to step in there and buy. you have all the negative sentiment weighing on the sector. but to your point, if a china trade war were to happen or see a deal, that would be positive for all the stock market. i would think you would see growth companies which big tech is big part of it, resume the climb higher. in the very nearter, hardest to call a bottom. medium to long term this, is buying opportunity because are is so much growth for the companies. eventually the trade war will be resolved one way or the other. stuart: chris, thank you very much for joining us this morning. thank you very much. >> thanks for having me. stuart: the federal aviation administration launching a review of boeing in response to

that lion air jet that crashed in indonesia. what have we got? liz: the faa is saying a review is part of the ongoing al nays what happened in the october 29th crash, when it took off from jakarta. 189 people died. this is the boeing maxair plane, the 737. this is really interesting stuart, what is just coming to light. indonesia investigators are looking at the safety manuel the pilots were given the pilots union in the united states is looking at it as well. there are reportedly fallty sensors took in data about the angle of the flight, put it into the software system. automatically that would push the nose of the airplane down for 10 seconds to avoid a stall. reportedly the pilots were not aware what to do to override that. so there is issue here about, in other words, forced to descend tore 10 seconds, if the pilots are sitting there, not knowing in the training manuel how to respond to override it, that

reportedly could be an issue. stuart: that is a good report. i'm beginning to understand what is going on here. got it. check the big board. holding on to a gain of 75 points. french president emannuel macron says they need an army to defend against threats from the china, russia, and u.s. they keep saying we want a european army. retired general jack keane. what will he say about a european army? he is with us in a moment. ♪

♪ ashley: the fda is enforcing new restrictions on e-cigarettes. herman cain, a former ceo himself says complying with the new regulations willing very challenging. >> the ultimate leadership ceo challenge is to have to redefine your business model because of forces you cannot control. that's what this ceo is going to be faced with. i don't know what the answer is, but they're going to have to retool their business model from top to bottom, because they will not be able to escape all of the pressure coming from the fda. they might be able to dart and skirt around social media pressure but if the fda is

taking a hard look, you need to redefine your business model from top to bottom with the ultimate leadership challenge. ♪

stuart: we opened with a gain of 200 points. we're still up but not much, 61 points higher, at 25,347. now this. germany's angela merkel called for publicly a european army. this was just days after the

president of france said exactly the same thing. we need a european army, he said. joining us is general jack keane, fox news senior strategic analyst. what does a retired four-star general from america make of a european army? >> they have difficulty supporting nato much less having a european army so to speak. it is an an aspirational thing. all throughout europe there are problems with the european union. a fundamental populist movement is taking place in most of these countries and angela merkel is trying, i think, with some sign of desperation as she literally is going out the door planting a seed that will help unify europe but the reality is i call them of feckless leaders have had in years in europe that promoted immigration with no vetting whatsoever, multicultural neighborhoods, breeding grounds for radical islam and really not dealing with workers and,

economic value, the these things all come home to roost. european army is not going to solve these problems. stuart: it won't be -- you will have to spend a real ton of money if you haven't on a effective armed force to defend a continent. >> russianing a growing is real and they know that finally the loudest voice in the room has been president trump to reinforce those budgets, put troops out in eastern europe which we're all doing. the other thing they don't like, we never had a president that has wire brushed these leaders in full public view. particularly their of their own people. i think very frustrated by it. they're trying to get some independence from america. but the truth is, they will always be dependent on the united states for security. stuart: without us, they're nothing. they -- >> they have major, major, major problems. stuart: that is because we have

the airlift capacity. we have the technology. >> one thing we have many of them don't have, we have will. we have will. a lot of those leaders don't have will. stuart: i think as a reformed european myself, i think europe is now basically a pass syist society. pacifists society. you going to take me on? >> basically. henry kissinger said european leaders have difficulty to ask their own people to sacrifice for the greater good. that is the reality. that is where we are. stuart: can i ask for your comment on the satellite photos we've seen from north korea, exposing previously unknown secret ballistic missile bases apparently hidden. are they deceiving us? >> i think we are, our intelligence community knows everything going on at those bases. the discussions are stalemated. let's face it.

they haven't given up one weapon, one missile. they haven't given us inventory yet. there is progress on the fringes. there is no missile testing, nuclear testing. that is a good thing but in terms of what the real issues are we're still not. there i think we'll have to tough then thing up to make progress. stuart: there is a crunch coming? >> yes. stuart: show us what you got and get rid of some of what you got or else, is that it? >> we'll have to make certain sanctions are tougher than what they are. the chinese open up the aperture. russia always backdoored this thing even though they voted yes. some of the other countries, we have to shore them up, make sure sanctions are being enforced. we have to bring military capability into the theater. stuart: what does that mean? >> the military option is on the table and they see that. stuart: fly a couple b-1 bombers.

>> here is where we are, you disarm and take down the weapons or we're going to do it. that is what the choice is. you have to make certain they will truly understand that. >> that would be blunt. general, always a pleasure. >> good talking to you. stuart: yes, sir. a live look at capitol hill, please. the new congress, new members there, gathering right now for a class photo on the steps of the capital building. there is the new intake about to -- that is the formal photograph on the steps of the capital building. it is good. check the big board. we still got a gain, not much. 60 points higher for the dow industrials. got it. ford, getting in on the electric scooter craze, buying start-up company spin. that is a scooter company. here is the question. should ford be concerned about the safety of these things zipping along the sidewalks in big cities? a lot of people are worried about that. we'll ask the top guy at spin that question next. ♪ liberty mutual accident forgiveness

means they won't hike your rates over one mistake. see, liberty mutual doesn't hold grudges. for drivers with accident forgiveness, liberty mutual won't raise their rates because of their first accident. ♪ liberty. liberty. liberty. liberty. ♪ for christmas because they keep getting better. there's smartouch for selfies, then there's four way stretch for flexibility. they even have smartdri. see? stays dry. so get isotoner gloves for the whole family. today's senior living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. and there's never been an easier way to get great advice. a place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. a place for mom. you know your family we know senior living.

together we'll make the right choice.

stuart: we've lost it all. the dow was up 200 points at the opening bell. now we turned negative. we're down about 13. waymo, we're down 17 points on the dow industrials. we got that.

waymo will roll out the first driverless car service next month. i want to hear more about this. ashley: owned by google, parent company of alphabet. "wall street journal" says the humanity may take the first paid ride into the driverless cars. suburbs of phoenix, beginning next month you can hail a chrysler pacifica minivan driverless. if you're not comfortable, you can order one with a backup driver in there. apparently waymo is using these vans with great success for hundreds of thousands of employees it has out in california. it has been well-tested. stuart: i guess so. i'm surprised -- liz: are you getting into one? stuart: me? liz: why not? it's a minivan. stuart: ford, bought the electric scooter company, spin, this is big deal. getting into a whole new area, ford. joining us the spin's cofounder and president. welcome to the program. good to see you back again. can i drive one of these things

on a sidewalk? there seems to be a safety concern here? >> certainly. it really depends on the city and state regulations in certain cities. they're not permitted like in san francisco. but in others, it really depends on where, on the difficult, really cities and what we want to do in the long term to establish safe riding zones and that is includes green lanes, formerly known as bike lanes for these things to go. stuart: we get pictures from los angeles. we see them scattered all over the sidewalk all over the place. are they rentals down there? you know, you rent them and ditch them and move on? is that how it works? >> they're rentals. right now, we're in long beach, california, near l.a. and, right now, that is a simple model. but we do, this industry is quickly growing up, moving forward towards a proper, permitted system whereby there are designated parking zones and sensible places to park.

stuart: how much would it cost for me to buy one? >> we don't sell them. you ride them, paying one dollar town lock and 15 cents a minute. it is based on the on demand rental system. stuart: how does that work? i go someplace -- how do i do this? if i want to ride one around how do i do it? >> you come across the scooter. you download the our app, spin app on the web site, put in your credit card details. you can scan a qr code to unlock the scooter. it unlocks the gps unit on the scooter itself, you're ready to go. stuart: congratulations, you made serious money selling the operation to ford. we think that is a great deal. like to see them in new york. thanks very much. >> we are. stuart: i know you are. i want one. thanks very much indeed. by the way everyone the first group of migrants arriving at our southern border now. here is the question, what are we going to do with them now that they're here? we'll ask the guy who used to

run i.c.e. in our next hour. ♪ ..

stuart: here we go. 11:00 on the east coast from 8:00 on the west coast appeared here is what is happening. gas for less than $2 a gallon. six stations, all of them in louisiana are selling supercheap phillips down to $1.89 in new orleans. we expected it, but it came real fast. the national average for gas is down 35 days in a row. now a $2.67. i've got more information on cheap gas coming your way momentarily. some of the migrants have arrived at the border in a couple hundred of them. mattis will be there soon as well. third stop, mcallen texas where they will be to service members at the border.

for my acting direct or tom holman will tell us what we do with them when they arrive at the border. north of the border a shortage of marijuana. just as it's made legal for recreational use throughout canada. what went wrong? supply problem? every year on thanksgiving the national dog show. every year the host is john o hurley. he's with us today as well. of course covering your money. stocks are negative. at 200 in the open. now we are down 18. if the dow finishes lower, that would make it four down days in a row. the third hour of "varney & company." ♪ stuart: we are still in the negative here. 24 points down for the dow industrial. we just are negative in the last few minutes. the indicator for the

technological heading south down eight points just a fraction of 1% lower. as for the s&p 500, broader market indicator down it is. only a tiny fraction .03%. our next guest says the s&p index on your screen will finish higher than it is now. chief investment officer of the n. y mellon management. if we in the or higher where we going to up from here? >> the backdrop is pretty friendly. the economy, earnings, interest rates, inflation. as we think back to what drives equity markets, we still think the equity market is pretty fundamentally sound. stuart: the self is pretty much over. >> closer to a bottom in the beginning of a bear market. their market don't begin when multiples are less than 16 times

earnings, inflation running around to come a 2.5%. earnings are strong as they are. the market is definitely if investors have a 12 to 18 month time horizon or longer. stuart: most of our viewers are not traitors. they are people for a longer-term debt. >> it's hard to be that today. many investors who profess to the intermediate or longer-term as they're found with the markets in your reporting. it's hard to do that. if we do step back a better entry point the next appearing. stuart: the price of oil really tumbled this week and when all the way down $55 a barrel. i would've thought cheap oil and gas was good. >> i think it's a sign of the markets interpreting most news is negative. the way or interpret the news makes me more comfortable about my biggest fear coming into these next couple quarters which

is inflation. also, last time i checked the u.s. consumer stood around two thirds are a nation's economy and certainly reporting about the goodness at the pump. from inflation side and from a consumer confidence i have in this is actually good news. >> let me back that up. three coming in from patrick dehaan. they study gas station prices nationwide all the time. here's the tweet. five state now have at least one station at $1.99 or less. oklahoma, louisiana, missouri, texas, ohio. 65 average gas prices lower than a year ago. she didn't have ohio, delaware comment illinois. listen to this. likely to seem hundreds of stations under $1.99 by thanksgiving. that backs up your point that it's good for the economy and good for the market. >> goodness for the consumers. also coming off which game a 3.1% year-over-year.

we are starting to see some wage gains. consumer confidence is a pre-recessionary you get a break on oil prices. this should lead to continued strong consumer confidence and good consumer spending. stuart: to make a good choice. thank you for joining us. take a look at this headline from the "washington post." it reads, trumps big 2020 problem the economy could be in recession. joining us now is bill mcgurn, editorial board member at "the wall street journal" and a fox news contributor. there is the headline again. trumps 2020 problem the economy could be in recession. a bunch of left-wing economists watching. >> sort of an evergreen headline. when things are going well, if i knew the answer in good time as i would not be on the stuart varney show i.d. on the south friends living off dividends. >> it occurs to me this is a

leftist operation and they're picking out economists who will a trumps got his problems. erasmus krugman. >> people now predicting it's going to stop where the same people saying it couldn't happen. stuart: how about the house. fellow democrats. >> at the problem in the sense president can't continue more of his growth oriented kind of packages. but the senate is the backstop. it probably means gridlock except for a few small things. on paper you could come up with a lot of deals that would be of both sides interest. namely immigration. all regulate daca. i don't think the democrats are in the mood for deals. they are and resist mode. whatever the new members may think. are it to pat democrats won this time. when are the alexandria

ocasio-cortez resistance burning mode. the other site common land in my district mikey sherrill who campaigned as a moderate from a former veteran and so forth. i've are pretty good idea who is going to win that battle for the heart of the democratic party. if you look at the polls on impeachment, the public only supports 30% within the democratic party the numbers are really high. stuart: while the left, the new left is coming into the democrats come into the house, do they have enough power for any power to roll back any tax cut, any deregulation? >> i think it is more of we are not going to go further. the article you cited we are going to continue some more progrowth. i think it's an extraordinary progrowth success in his agenda. not just the taxes that the deregulation and a lot of things that basically tells me we're not going after you anymore. we are not going to get a lot

more of that, but i don't think they'll be able to back a lot of stuff either. stuart: just interested in all these investigations, probes, subpoenas. >> mrs. pelosi can say one thing. other people can say they should legislate, not investigate. those chairmen all know what they want and they they want and they are talking about but not the subpoena in going after president trump. stuart: while that were clinically, electoral lead? my judgment is americans have really had it up to here with politics. >> i think we're setting up for a democrat usually do witnesses overreach. people have forgotten some of the stuff and the republicans look themselves vulnerable when john mccain killed obamacare because then they run record of voting on the preexisting condition without having the fix going. yesterday we had the

representative from queens demonstrating in nancy pelosi's office. we've got the video of it too. bill mcgurn, heavy hitter at the wall street editorial board does democrats will overreach. coming in soon. it's a big day for bragg said. prime minister theresa may is trying to convince her candidate to support a draft brexit deal. if they support the deal, it needs approval from the europeans at a summit in the next few weeks. then, may have to get back in parliament. kind of a dicey situation. this could be trouble i suspect. some individual stocks we are following for you. starbucks going to lay off 5% of the global corporate workforce, 350 people. blue eighth-grade male cat company laying people off as well. tana goes 5%.

down to $1.15 per share. john o. hurley. you know him from the national dog show appeared before that you knew him as jay peterman from "seinfeld." he's back in is with us today. some democrats fired up about amazon's new headquarters in new york city. they think they get too many tax breaks or that will be in the sun getting too much for the city. they call it corporate welfare. we'll discuss that one for you. if you hundred migrants arriving at the border today. defense secretary mattis is there as well. will there be some kind of showdown at the border? ♪

stuart: update on the dreadful fires in california. the campfire in the northern part of the state. 48 people have died and property 8000 homes destroyed or seriously damage. that's a very large number. by the way, the fire is about 35% contained. not much. southern california crews are making progress fighting the woolsey fire. some people been route to return to their homes. two people died in that fire. and then there is that he'll fire burning close to the woolsey fire in southern california about 90% contained. crews hope to have it fully extinguished very soon. satellite images, please. they show which neighborhoods in california look like before and after the fires. as you can see, that tells the story right there blacking dreadfully so.

what an impact. keep that up for a second. on the left, we get the point. 25,000 jobs in new york city in return for tax breaks and other subsidies. the left, many of the left really upset about this. amazon moving to new york city. the left claim city and state gave amazon far too much money, far too many tax breaks and concessions. the left calls this corporate welfare. what's your response? stuart: cities in canada and mexico one of the amazon headquarters, too. this is a hot, hot project for jobs. ill effect is enormous. it's also accessing incubator for other types of companies to spring up. not just a normal retail. did amazon get more annoyed tax breaks by splitting

headquarters? likely yes they got a friend not just new york city at 125 again to new york city and new york state combined, but also virginia nearly $820 million. money coming in from nashville. the local leaders understand the enormous down payment they are making for future job growth. that's the upside geared stuart: my position is new york city got a good deal they paid heavily for it. ashley: that's the way business works these days. talking about behemoth company around the world. they are upset that headquarters was now split two ways that they have now regional offices in seattle is still home basic headquarters and they can actually playoff cities against each other to get even more confessions. it is the cost of doing business and its amazon and they will build a huge infrastructure and will create thousands of very high paying jobs. that will lead to other incubator businesses that will offer that. i do mind is would you rather

have amazon sending a business in your community or which are rather another city get it? >> there's an irony here. jay carney, press secretary for obama. under obama was always about would have to raise taxes on corporations. now is that amazon defending the tax goodies a spokesman for amazon right now. stuart: we should remember amazon does not have to build any housing. they don't have to employ locals and jeff bezos gets his own private helicopter landing pad at the new facility. stuart: it's a big wording on the existing infrastructure. no doubt about it. >> this is why alexandria ocasio-cortez -- >> just sit there and not have any development and stagnate what you look forward and grow. >> we understand what she's saying about corporate welfare. shady dealings in the broader corporate welfare argument. to listen, and this gets the ntn

governor cuomo off the couch to fix new york city subway system and go at it. stuart: spoken like a true new yorker. you see on your screen amazon is down about. the price of gold friday $1200 for some time. it's going to be about 6300 bucks. below six program as of right now. waymo joined by google of course. writing on service next month. initially the service will be available to a small group of writers in phoenix but it will expand to more people throughout next year. healing service, jewel. with e. cigarettes in stores. buy them online, but you have to be 21 years old.

the company stopping most social media promotions. the most common and a government crackdown on those e. cigarettes a rare pink diamond just sold for a world record price. we'll tell you how much it went for next. the navy federal credit union ranks the best place to live for servicemembers transiting from active duty. we've got the list. can you guess where the top city is? ♪

stuart: now we did ask you to guess which city is best for veterans and those getting ready to leave military service. according to the navy federal credit union, it is oklahoma city. now they look at factors like job opportunities, need for military skills, access to va services, oklahoma city number one. number two, omaha, nebraska, colorado springs, washington d.c., grand forks, north dakota

where will be cold. check this out. a rare 19-carat diamond sold for a record-breaking 50 million bucks at an auction in switzerland. harry winston bought it and it's called the pink legacy. we've discovered a south african mine 100 years ago it's been known by the oppenheimer family which ran the debeers diamond company. video pilots in dubai flying with jet packs for the guys from ex-dubai, that performed a ground takeoff, which has never been done before. normally taking to the air from a helicopter or plane, but this time they set up a platform in the mountains with a built up enough speed to use the jet packs. i'd love one but i'm too scared to use it. let's go to canada. a shortage of marijuana just as it's made legal for recreational use. what went wrong? could it be a supply problem? could it happen here? we will answer the question.

a new report shows miami real estate getting hurt because foreign investors are not buying many homes. at least not as many as they used to. we are on that one, too. ♪ nah. not gonna happen.

that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath.

excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call for a free kohler nightlight toilet seat with consultation. or visit kohlerwalkinbath.com for more info.

stuart: were at the low the day down 77 points right now. by the way, we opened with 200-point gain. back to wild swings in the dow, now down 80.% in the not back is also lower. how far down is that? i'll tell you right now it is -- thank you. down half a percent. so a lot of technology. that's what the meaning there is. a look at apple below 190. here's the number to watch. close to 185 points 65 and it that level apples in bear territory. that means it is down 20% from its high 188 at the moment. marijuana stocks here let's have

a look at them. our next guest is based in canada where marijuana is now recreationally legal. our guess is that fair,, of north are having supply problems with legal marijuana. greg taylor astaire, portfolio manager at purpose investment. welcome back. good to see you again. did the government messed up legalization? >> i think they did a little bit. they are supporting earnings right now which has a little bit of a portion of the legal rack market. a lot of the companies are cost higher or better than expected and not sure who to -- the blame lies with. at the end of the day the companies haven't been able to deliver what they said they would. stuart: why not? any idea why? bear in mind there is a huge black market i would've thought they could soak up some of that supply easily. >> a lot of people were focused on capacity and there's too much capacity and we are not being

any signs of that at all. some of the company is i think they are finding this is really difficult to grow at scale. turn into a crop failure from the marijuana plant. >> some of its indoor and if any bugs get and it can take up the entire crowd. they are watching to ensure the quality and not the big thing they're trying to figure out how to deal with it. stuart: this is fascinating stuff. now what talk about america. at what point do you think will have recreational marijuana legalized nationwide? what time do you think the feds will change the rules here? >> it seems every month we march toward the goal. through the midterm elections they move towards making that happen. different bills go through congress would be a massive deal for a lot of companies which would allow states to regulate and not allow more banking for these companies.

also talk within the farm act whether they'd legalize dvd on the hemp growing nationwide or that would advance the issue. legally ending prohibition seems to be a few years away. stuart: does not give you guys in canada, marijuana guys in canada, does not give you a nice leg up? >> absolutely appeared because a lot of companies in the u.s. based companies don't want to have it that fast because they do want to have the buffer where they can gain scale, create a mode ahead of the other companies could suddenly afford to legalize perfectly tomorrow, a lot of the bigger companies that come in and the companies in the space right now are not ready to deal with that. stuart: if i were an investor in the marijuana industry, i would have to look out for extreme volatility. is that accurate? >> absolutely. that's overseen with the pullback today in the last few weeks. a lot of companies ran into the legalization or the companies

have been able to deliver on the earnings they said they would so we see stocks pull back. this is becoming an opportunity. it's important for investors to figure out who are the guys who were unable to deliver. the next that i would look at is looking at companies really pivoting towards the u.s. the canadian markets have a testing ground in a few years ahead of the rest of the world. the rest of the world will catch up in those opportunities will still be profitable for investors. stuart: fascinating. greg taylor, thank you very much indeed. a new report shows miami real estate getting a little hurt because foreign investors are not buying as much as they used to. come on in. samantha bianchi with by yankee real estate. you do business in miami. that's for you saw houses. >> yes, i do. stuart: i'm giving you a commercial.

are you see far fewer foreign buyers coming in. >> acma statistically from august 2017 until july 2018, and national buyers by $22.9 billion worth of real estate in florida and while that seems like a really large number, which of course it is, it's actually down by 5% from the same time. a year prior. but again, that is also down by 15%. when we talk about international buyers, who are they, obviously latin americans are number one making up 36% qualified canadians at 22%. then we had europeans at 19% and asians at 11%. why they are not dying as much and again the price point. the median price point actually raised is still under 300,000. that's a funny thing when they

have international buyers. but in reality, they're not generally spending millions and millions. they're spending $300,000 or less which is the price point where inventory of his very, very low. naturally if we don't have a lot of inventory, they're not going to be able to buy as much alongside with the dollar that strong and of course, you know, politics in general. stuart: i would've thought, samantha, that the foreign buyers who walked away would be replaced by american buyers coming down from new jersey, and exhort, connecticut because of the new tax rules. you've got huge tax advantages. are they not replacing foreign buyers? >> definitely. if you look at it from another perspective, generally higher price points are coming from the northeast. foreign buyers will spend about 20% more than locals here in

florida. i think and i know you said this numerous times. i do think next year were going to see an influx of people from the northeast here in florida hopefully buying with me of course, the pioneer in florida. there are deals to be had here to great example as i've looked at the canadian buyer could list price is $830,000 i represented him as the buyer. without it sold for $630,000. my advice to everyone, i don't care if you keep seeing rising prices and information that comes out about that, there are deals to be made coming deals out there. a place is worth what someone will pay. always keep that in mind. stuart: symantec, we are glad you're not starving. samantha dave bianchi, thank you very much. now this. the postal service lost nearly

$4 billion in the last fiscal year. fewer people mailing letters, fewer people mailing bills. the postal service says overall volume fell by more than 3 billion pieces of mail. the price of oil going back up a little bit this morning. not much, but you're a payback is still at $56 per barrel. falling for the 35th straight day, the price of gasoline, the national averages 267. check this out. cheapest gas in the country in and prior express in new orleans. $1.89 a gallon down there. just by the statute and on. these are people acerbic at stations across the country. five state now have at least one station $1.99 or less. oklahoma, louisiana, missouri, texas, ohio. six states have average prices a year ago. michigan, ohio, delaware,

indiana and iowa. the most important part were likely to see hundreds of stations at under $1.99 by thanksgiving. next week. >> who would've thought that. you wonder if this could help the gdp number. i don't think any of us are hundreds of gas stations below $2. i want to quickly say jpmorgan looked at what people do when they have more money in their pockets when gas prices go down. look at 25 million. eighty cents on the dollar they spend. dissented at department stores. eighty cents goes back into the economy from spending. stuart: i have to say the prices are falling just as fast if not faster than they rose. normally it takes a long time. hundreds of stations. >> i love it. either way, migrants have arrived at the u.s. border. defense secretary mattis had there. he is there now, by the way.

format i.c.e. to wreck or tom homan. what are we going to do with all these people arriving now? ♪ ♪ ♪ ♪ ♪ comfort. what we deliver by delivering.

ashley: earlier in the program we spoke to julie's famous about amazon's ghq in virginia. she worked for a trade organization for technology companies. at york. listen to what she has to say about it. >> one thing i would add to what you said is the kind of knock off effects you'll see. it's not just about the 25,000 jobs, which is protect did -- projected eventually go up to 40,000 could think about all the additional jobs in the neighborhood, restaurants, bars, you name it. this is the part we haven't talked about not defined to be the most interesting piece of it. the way the technology ecosystem works here in new york, everywhere in the valley in the valley, is people calm. they work at big companies. take a train and make a lot of money and then they usually leave his earth their own companies. but i'm relentless too. mbc doesn't take a day off, and neither will i.

and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- metastatic breast cancer, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai. diarrhea is common, may be severe, and may cause dehydration or infection. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. serious liver problems can occur. symptoms may include tiredness, loss of appetite, stomach pain, and bleeding or bruising more easily than normal. blood clots that can lead to death have also occurred. talk to your doctor right away if you notice pain or swelling in your arms or legs, shortness of breath, chest pain or rapid breathing or heart rate. tell your doctor if you are pregnant, breastfeeding,

or plan to become pregnant. common side effects include nausea, infections, low red and white blood cells and platelets, decreased appetite, headache, abdominal pain, tiredness, vomiting, and hair thinning or loss. i'm relentless. and my doctor and i choose to treat my metastatic breast cancer with verzenio. be relentless. ask your doctor about everyday verzenio. stuart: nasa wants to put an astronaut on mars within the next 25 years. however, nasa says it still has to first overcome major hurdles. today's technology would take an astronaut to nine to reach mars in the physical toll of floating that long in zero gravity would be huge. some technical problems to overcome. 350 migrants from the first caravan have reached the border. more expected to arrive in the next few days. former acting i.c.e. director

thomas holman joins us now. what are we going to do? they arrive at the border. what are we going to do? >> were ready. the administration is ready. tbp has got a lot more resources at the port of entry is to do the interviews. they'll get their hearings and they're due process, and they've got more down there in the military. we know is coming. the president and administration plan and i think we're ready. i think you'll see a great response. b. might defense secretary mattis is down there now i believe. but the military is doing on the border. are you discounting completely on the kind of confrontation between our military and people coming into the country. >> i never say never discount 100%. i think the military is out

there doing law enforcement. look, the most professional military in the world are the most professional. these men and women will respond appropriately. they'll be professional and do their jobs. but they're not going to push around either like you saw happen on the mexican border. they're going to sit there and do it with pride and professionalism. stuart: it seems to me that this is a win for president trump. he said they're not going to get into this country. he's going to post them at every step. would you call this a success? >> obviously this resident is doing everything he can legally to operationally address what's going on in the border. congress has failed legislatively. either we sit back like prior administrations and just let them come, never leave. open door policy, catch and release. where this president is doing everything he can, thinking out of the box.

you will keep his promise and defend its border in the american people, protect our sovereignty as congress is failing to do it. i salute him. i think it's a great president and i'm glad he's the president in times like this. stuart: let me go back to the report we had maybe a couple weeks ago that a thousand people a day are being arrested for illegally crossing the border. is that so accurate? >> it's still the same ballpark are the numbers are high. as illegal crossings happening everyday. family members come in every day. so this isn't just the caravan. this is border security and national security. the army down there, when you talk about border security you talk about national security. the cartel will move drugs from the people that want to do harm in this country to another section. that's at the military is doing.

more boots on the ground. going to cost more to do their jobs because they're not doing logistics. stuart: we hear you. tom homan, always a pleasure. >> thanks for having me. stuart: yes, sir. two things bear repeating. apple down again below 190. here's the number to watch. 18565. if apple had that it is and what is called bear territory. that means 20% below its high. looks to me like apple is leaving the whole market lower this morning. guess buddies tweeting earlier that five states now have at least one station or less. oklahoma, louisiana, missouri, texas and he thinks by things giving a couple hundred stations out $1.99 or less. thanksgiving is next week. next, the man himself, john hurley, dynamite personality. why he hosts the national dog show every year. he's walking to the studio as of

right now. thank you, john. [laughter] a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls. beyond traditional tv. to tv on any device. beyond low-res surveillance video. to crystal clear hd video monitoring from anywhere. gig-fueled apps that exceed expectations. comcast business. beyond fast. each day our planet awakens but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes

and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. comcast business built the nation's largest gig-speed network. then went beyond.

beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast.

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: this is my favorite time. holiday tradition, the national dog show held on thanksgiving here in new york. once again, the host is our guest, john hurley. the man with the extraordinary voice. >> thank you. i still say other than your shadow. i'll take the compliment for what it's worth. a dog show on thanksgiving is perfect. >> it is the perfect piece of programming nbc has ever done next to "seinfeld" i would say. we have a two-hour slice between the macy's parade and football. years ago that had a sports programming took on best in show, loved it, when in monday, said were going to do a dog show. but he put it together in 24 hours on tuesday morning. he called me 17 years ago. i answered the phone and he said wolf, wolf.

we have 19 million that year. now were up to 30 million people watching the show. almost a number of people that are watching us right now. >> well, you're getting close. that's astonishing. >> it's an amazing number. >> you play no role in judging i take it. >> david frye is my cohost, the most knowledgeable man in the world of dogs. and i'm his cohost. we have such fun and it's always funny and the dogs are wonderful. 2000 of the best dogs, nearly 200 different breeds of dogs. most people know about five. any time you're in the presence of the dog or a better version of yourself. you're in the arena there and we have 32,000 of the best dogs. watching there in the arena. it is the happiest day. stuart: are you a dog on yourself? >> i've written three books on the topic in a three dogs at home. a little happenings, cavalier

king charles and a little rescue.we found recently who runs the house. stuart: you know what, you're a good man. that's not all you do. you're not just a dog show guy. you're in a musical in new york city. >> i am double dipping right now. i'm going to be back on stage. i just finished for months on broadway with my musical chicago. i just finished my 2000. i make my living. ♪ the itsy-bitsy -- >> just kidding. i do nothing without royalties. stuart: how do you do that? i'm an early-morning type predicate i'm an early morning i pick it up at 2:45 p.m. in my office at 4:00. i'm on the air for three hours and then i collapsed. >> i haven't even come in.

i love the ambience of broadway. i love having a place to go to. if the 15 most exciting blocks in the world from a quarter to 8:00 until 8:15 at night. a million people are trying to jam their way into the seats and sure enough a 5:00 after they're ready and the curtain opens. at 10:45 i met the best restaurant in new york city. stuart: would cover the dog show. we've covered a musical you're currently in. i want to cover movie theaters. that was a surprise to me. >> i'm so surprised because it's so difficult to get a good head out of the movie. with the rise of the download now works, that is a stunning statistic to me. i loved it. absolutely loved it. i saw it in the theater in naples florida, where you sit back in a reclining chair and

made other service bring you a drink and lunch and anything else you want. >> catena stick to go to the movie theater. i have an 11-year-old son now that won't go to the theater. stuart: before we close. tell me again, what time are you one with the dog show on thanksgiving? >> 12:00 until 2:00. that's until 2:00, football after. >> your favorite gas. i compliment you. i'm a self lollipop. [laughter] great to be with you. by the way, the $1.5 billion check type was 13 weeks ago. nobody's claimed the prize at this point. tell us in a moment. this is frank.

sup! this is frank's favorite record. this is frank's dog. and this is frank's record shop. frank knowns northern soul, but how to set up a limited liability company... what's that mean? not so much. so he turned to his friends at legalzoom. yup! they hooked me up. we helped with his llc, contracts, and some other stuff that's part of running a business. so frank can focus on the beat. . .

stuart: lottery officials in south carolina the winner of the $1.5 billion megajackpot has not come forward to claim the prize. the drawing was three weeks ago. he has 180 days to claim the prize. >> until april 21st. they can remain anonymous in south carolina a handful of states allows it. the person can take 877 billion in cash or be a true millionaire. we don't have to see the person come forward. >> i hope it didn't go through the wash. just kidding. stuart: the dow is off about 100 points, led by apple which is down 3.50. if it hits 185.65 then apple is in bear territory. that means it is 20% below its

high. i don't know if it will get to that level but leading the whole market down. >> certainly is. stuart: that is the leader right now. as we leave you the dow is down close to 100 points. my time is up. so, hey, neil, we come back, good to see you again. it ace yours. neil: same to you, my friend. wouldn't it be a kick the person won the money didn't want to cash the ticket they were watching your show, a waste of money, you will give it to the tax mon. stuart told me i will only end up tops with 700 million. stuart: i don't want to take a lot of time on your show, neil. neil: found it kind of odd you might be responsible for someone walking away from -- only humors me. so go ahead. as you were. stuart: see ya. neil: we're focus on these developments. a lot of investors losing in a millisecond on financial stocks. goes back to maxine waters. i want to you listen to this. >> make no