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tv   Varney Company  FOX Business  November 21, 2018 9:00am-12:00pm EST

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>> a big thank you for a fantastic viewer thank you for keeping us honest and being there every day. "varney & company" stuart happy thanksgiving to you. >> good morning march why and a good morning everyone. before you head out the door look what's happening to your money today after a the market plunge. i'll call it a modest rebound. remember the dow has lost nearly a thousand points over the the last two days. dow will open with a gape of 130, 140 points. the nasdaq nice gain there up 1% 70 points all eyes are going to be on apple hit as taken a huge hit. today, a modest rebound back to 178 it remains 50 bucks away
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with from its all time high. look at facebook, down about 100 from its high showing hardly any recovery today 134 is where it is. mark back the in news despite pressure he's not leaving the top job. there are many on wall street who wanted to step aside but are more season executive run the business? he is not going anywhere. he says -- i'm not sure if caesar salad is part of your thanksgiving meal but it should not be this year. all romaine lettuce is being recalled don't buy it. don't eat it if it is in your fridge clean the fridge yes it is a salmonella scare again. "varney & company" sb to begin. >> let's start with something i've really appreciate. the price of gasoline is
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tumbling still. look at that $2.61 national average it has been down 42 days in a row. wash wait a second you have to tell me how far i have to drive for cheapest gas in the land. >> if you want to take a quick trip to missouri get it for $2.25 a gallon which is amazing place you don't want to go the usual suspect, of course, hawaii is beautiful. but very expensive 3.83 for a gallon of gas california 3.63 thanks to [laughter] ly gags tax they pay thes we but you know what, overall like missouri, delaware, with oklahoma, texas all very low gas prices and heading lower by the way. unless opec decides to cut production. >> thank you -- you'll drive there and oil this morning by the way 54 bucks barrel again that's a modest rebounding after the huge selling that we've seen recently. have a look at futureses -- let's see as we look that's right dow futures i'm going to say that's a modest rebounding today so what took the market
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down so much? that's my question. here's my answer grows attack we're headed towards a reare session that was in the market yesterday. well look who is here to answer the question. steven moore, chief economist at heir taj authored book trumpnomics over summer 4% growth. fall 3% growth. the winter, atlanta fest says 2% growth. are we headed for recession? >> first of all that's a contradict -- you know, my best man of my wedding larry kudlow he's right. i don't see -- you can't see a recession on the horizon. you may be looking at slightly different numberings than i am. but look for the last six months, economy is growing at 3.5% that's a very robust rate of growth. is there a slowdown in fourth quarter, maybe a little bit. but if you look at the fundamentals of the economy look at construction, look at manufacture, look at industrial production, look at consumer confidence, look at, you know,
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all of these things are so positive you know i remain very bullish on stock market and very -- optimistic about, you know, this path we set this out for trump we talk about this in the book 3% to 3.5% growth it is achievement we can do it with tax cuts and deregulation now a lot are up there i debate them all of the time they say -- that tax cut is, you know, it's just a sugar fix. that's ridiculous first of all that's a concept, it is not a sugar fix in terms of demand it was to incentivize production and incentivize profit and incentivize people bringing backers here which is whatting we're sucking capital in front of us show me negative signs in the economy that should suggest recessions. >> is goldman sachs totally wrong down 2% growth. >> goldman sachs economist he's predicted eight of the last two recessions you know, so he's always -- >> point taken. point taken i have to talk about trade. first of all, imght you to
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listen to what larry kudlow told me yesterday on this program about china trade. >> i watched well for our viewers roll tape >> any deal between the two countries has got to be an american interest. without any question. and it has got to include ip theft, it has got to include changes and ownership, it has got to stop the force transfer are of technology and go to zero tariff and zero nontariff bare yes and enforceability and got to have strict timetable. it has to have frankly more than we've seen -- so far. >> hold on a second steve we just heard this morning that peter navarro superhardline is not going to be meeting with xi jinping hard line off the table. big deal? >> i think that's probably look i like feater personally i don't agree, he takens hard line with with china and fact that he's not going to be at the
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negotiating table probably helps get a deal done. now do i think a deal will get done when is this next week? next couple of weeks. 30th -- look, i still don't know how or pa apart people ask me when will the deal get done? the ball is in beijing court and trump has very serious concerns about the way china is behaving with respect to you know you heard larry kudlow they're steam lining property and not opened up market they do charge us higher than we to them they need a level play field. >> a long time before the deal. >> you know the big story the people aren't covering is that fact that china's economy is in big trouble right now. they have -- they're, you know, they're growth rate has been cut in half and stock market down by 20% the question stuart is what is their pain threshold when do they say we'll do this? >> i'm going to say -- in the 6 months or so -- . six months or so. all right steve thank you. >> when that whats markets going
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to 30,000. that will -- that will be like bottle for thanksgiving shaking up and taking the cork off of it. >> you've got it all in. have fun. >> facebook's chief -- mark zuckerberg he's very much in the news, of course, he's company faces all kiengdz of challenge. well people on wall street want him to step aside so will he? here he is, addressing that question, roll tape. >> so you're not stepping down as chairman. >> that's not the the plan. >> would anything change that? >> i mean, eventually overtime i'm not going to be doing this forever. but i certainly -- i'm not current the not the plan. >> address with biggests issue ors that we have. i hope we work together for decades more to come. >> zuckerberg is not going
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cheryl sheryl sandberg is not going does that performance inspire confidence in investors in facebook? >> no clearly not. you know, a financial when we look at all of the tech names that have been clobbered, each one has its own issue but this one in particular regulation is going to be coming. the market wants to see -- stability at that company cleaning up all of the issues with privacy with -- with foreign invasion into our, into our -- facebook pages. and they don't clear it up they're going. the market will demand and the market ultimately wins. if the -- yeah. absolutely. well no -- >> expwn they go. hold on a sec i have to talk to you about apple, obviously, they've beened leading market lower. right now, we've got the tine yis of recoveries apple premarket is at 1.78 would you buy a l at 1.7 8?
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>> actually, it's enticing right apple a day is important it is enticing but when you look at the markets and you know, you are looking to see what does market want to see? i think that market actually wants to see most analysts coming in to cut, cut, cut, and as long as you have analysts in there saying now is a good time to buy, it keeps people from doing what they want to do itself. the worry is -- that the numbers that come out of a l -- apple will be weaker than expected and then you might see slowing clean it out. have a wash, have a washout and then have investors take advantage are of wonderful companies going on sale. >> tempting at 178 how about overall market is the worst over? >> you'll have a good idea today. granted volume is very is light right now. and it could skew market in either direction. but we're going to see if sellers that have been desperate to get out, are still there most likely they are, and they will
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take advantage of any good news in the market. >> so it's not over. >> don't think it is over until it is over. >> we'll take it. thanks very much indeed for joining us we do appreciate it. sure thing. check futures i think we've just gone up a little bit in last few minutes now we're up about 160 points at the opening bell. well look at that nays that's important up one and quarter percent big gain for techs. fallout from that video of elon muck smoking marijuana on joe rogen show. nasa of all people nasa -- now reported in launching safety probe into another musk companies. spacex -- not happy with the video. how would you feel if you owned stock in a company with a ceo doing that? pretty fair question i would say. and then we have new jersey very liberal governor phil murphy his state, new jersey is setting aside more than two million dollars to defend illegal immigrants face deportation what would herman cain say about that? well, we'll find out because he's next and then we have
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bernie sanders, out with a new plan a plan of his own to lower drug prices. he wants to pull patents from drugs that are, quote, excessively priced. who decides what is excessively priced may i ask? doc siegel coming up on that later this hour. we will be back. 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?
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look at john deere place tractor people, of course, i've got one they're looking at next year. say sales could fall short. when you to that stock goes down and down is goes two and a half percent on deer. well politics looking more and more like lie that nancy will bt house speaker masha will not challenge her had, in fact, she is backing pelosi. herman cain is with us all right herman if it is speaker pelosi -- what does that mean for our money? >> it meanses that -- the democrat controlled house will control the budget. and there's going to be a lot of
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deal making going back and forth between democrats and republicans. democrats are are going to want to increase funding for social spending. that republicans want to control spending so it depends upon the net, net effect, but at this point, watch the actions in terms of the budget process under speaker pelosi. >> if there were a deal on the the budget, that could include some kind of tax increase couldn't it? >> no. the republicans will not go along with the tax increase. and president trump will not go along with tax increase. i don't feel that that -- has a possibility of succeeding at all. they may try to propose a tax increase but i don't believe it has a chance of passing. >> who else on this program answer as a question straightforwardly and says no? it's not going to happen. thank you -- love you man. we with love you. next question -- i love you all too that's why i'm here. [laughter] >> all right new jersey democrat governor phil murphy says he's going to set aside more than two
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million dollars to provide legal aid for illegal immigrants who face deportation. i live in new jersey. what's going on here, herman? >> i think that democrat government is setting himself up for defeat in the next election. the sentiments that i feel across this country is that we are a nation of love, and they want the disrespect our laws and take advantage of the loophole it is in our system. and he is basically saying he's going to fund that loophole for asylum hearings that citizenses in new jersey are probably going to reject that in the next election. >> you've bot it totally wrong. totally wrong. a democrat cannot lose a state wide election in new jersey. i live there herman. you're wrong on this one. let me ask you something else -- are you going to be talking politics around the thanksgiving dinner table tomorrow? >> not unless my family members bring it up. but let me tell you what our history is.
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they never bring up politics around the thanksgiving table with me. because they know they will lose the debate. [laughter] i have facts. i have facts on my side and they have no facts. they have passionate rhetoric of the left. and they know it can't win against the factual results of conservatives who believe in the constitution and who believe in the laws. they never bring it up if they're debating why. [laughter] >> you're all right herman. thank you so much for being with us today. i know you have to get ready for the big dinner tomorrow but we really appreciate it. thank you herman cain. >> thank you stuart. i enjoy. see you later. >> this is unusual story. nasa is going to launch a safety review of spacex and boeing of a elon musk seen on video smoking marijuana tell me more. >> ground control to major smoking pot on a live podcast the joe rogen experience sipping
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whiskey apparently this highest level next year hoping to get that u.s. space shuttle endeavor with spacex and boeing back up and retired for 7 years. years now to fairy astronauts into international space station. so now boeing and spacex face the wok place safety drug free culture reviews by nasa. i'm telling you, stuart, this is a big deal because boeing has more than 4 billion on this project. so spacex has nearly billion on this project so they want confidence. it is not rocket science nasa is saying we're going to put an astronaut on your rocket we have to make sure everything is okay. >> have you noticed that tesla stock is around $350 didn't take a huge hit along with other technology companies. >> tesla -- this is along tesla. this is spacex too. >> i realize that's a fair point that spacex is separate. but 352 didn't take a huge hit when everybody else was and he's
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longest serving autochair or autoexecutive in the world. j well market sees him as genius and he's coming up with more ideas and ideas so -- we'll continue on in next subject. >> adventure. where will we open market this morning? we'll open it higher i hope so because we're down a thousand point in last couple of days up about about 160 for the dow. president trump standing by the saudis. he says if we took action to punish them for the killing of that columnist, oil prices qowld, quote, go through the roof. you'll hear what he's got to say, next. ♪
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president trump kind of defendings saudi arabia and the crowned prince over killing of columnist jamal khashoggi roll that tape please. >> we are with saudi arabia, we're staying with saudi arabia, saudi arabia if we broke with them, i think oil prices would go through the roof i've kept them down they've helped me keep them down. >> there's more president tweet about saudi arabia today, and edward lawrence at the white house what's he say edward? >> stu this is heart of the push to say they stand firmly with kingdom of saudi arabia regardless of reports whether crowned prince next in line to be king possibly ordered death
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of jamal khashoggi the columnist from washington post. now the president making this an economic issue. tweeting about it today in that tweet he says, quote, oil prices getting lower. great like a big tax cut for world enjoy 5dollars with just 82 thank you to saudi arabia but let's go lower now senator bob corker saying he can't believe he remember when is white house was actually a public relations firm for saudi arabia. still from the white house a talking point are economic. white house advisor lare are you kudlow saying this is like a stimulus plus tax cuts and he believes people will use that money in order to spend more this holiday shopping season. stu. >> edward thank you very much indeed that was a tweet just into us in now president is talking economic there is. i'm with the guy, frankly i would love to see oil prices come down and i don't to see america abandon a strategic ally in mideast let's talk real politics shall question? you want to ditch the guy -- >> lindsey graham said it is rare that when you look the other way it workings out in
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middle east lindsey graham does agree with what had president is saying and didn't the agree when obama looked other way too with problems in the mideast. >> he wants to keep saudi arabia a key ally there's no doubt. >> of course. but he has his cia saying there's no smoking gun no evidence and we have sanctions 17 saudi but the call is for america to do more. >> look, iran is the major threat -- >> of course. big threat and russia stepping in and china is stepping in with iran and -- >> we want on our side. i know. but i understand that principle involved and i mean, a guy murdered horribly and we don't want anything to do with nap but you can't ignore real politics. can't do that. >> but you can take away the arm that we give saudi arabia to bomb yes, ma'am about. this is a military alliance we've got here. take away the arms like the germans are. >> they killed the journalist that's bad.
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period. j it's bad let's end it there. going to open market in a couple of minutes and then go up not that much. maybe 100 point but remember we're down a thousand in the last two day. we'll be back.
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what kind of rebounding do we get today find out in 20 seconds but way market opens these days is no clue how it is going to close. we are expecting a rebounding at triple digit gain for dow industrials but you can expect that after a thousand point drop in the last two days. here we go. the belle is ringing the crowds are cheering. we're two sendings here question go bang, 9:30 on a wednesday morning. right before thanksgiving. and we've opened with a gain of 120 points. all right make that 100 points 105 points. we'll take it we'll take it. you know that is not exactly a strong rebound by any means. >> for a thousand point drop this two days. not straw pong but what we're up 107 i'll leave it right there. look at the s&p please is that up? yes it is a bit more in percentage materials than dow half percentage point gain there. i'm intrigued at nasdaq how has that opened 78 points up that's over 1%. clearly, the strength in technology so check out big tech. right now, all of them on
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upside. look at amazon 41 dollars higher. apple is up $2 alfa bet 12 my kro are soft okay rebounding but that is not -- well said ash. we better check retailers because they were down big yesterday. target kohl's tjx and back up today but that doesn't make up for luge losses yesterday so not a great rebounding thus far. shah gilani is here, keith fitzgerald is here and elizabeth macdonald and aforementioned ashley webster definitely here. this doesn't look like a big rebounding this is disappointing i would say wouldn't you say? >> day is not over an we do need to see a nice bounce here oafs i think markets are in bigger trouble but i think anything can go by end of the day like to see the market up a few hundred point dow terms but right now -- going to struggle i think to hold on to gains earliers in the
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morning. >> and trairsd stopped by and said listen what we would like to really see is more conviction on presidents downside. decline outnumber advances like 5-1 they wanted 8-1 a complete flushout they said there was not enough conviction in the selloff. they said wait a couple of weeks and see where market goes there. but they wanted more. they wanted that capitulation. to build the bottom and then start rebuilding. they want that panic bottom which we haven't hit yet to start is to rebuild this is how you get up on the -- big boys and they'll win to buy. the average santa claus rally only around 3%. so that's a little perspective over years that's in 1896 so looking at the market data. >> let's start looking at individual companies started with with facebook. facebook -- sorry. he did a one-on-one interview say he's not going anywhere and a defended sheryl sandberg you heard what he had to say but what he had to say inspire confidence for investors in
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facebook? >> certainly not in me stuart i found the, you know, interview indigtive of a young executive who doesn't understand consequence of his actions and products. i think he's a token handed to hat to sheryl sandberg but beyond that no doesn't want me to buy it all. j seems to me street wants an adult to move into the executive suite at facebook and -- tell they will how you do to right. >> tesla did with bringing in chairman to deal with elon mufng. google brought in a founder. run the company problem. >> i would say to mark zuckerberg sheryl sandberg is terrific been a leader there they need another strong leader owned 60% of the voting stock step up. >> their slim to none. a majority stockholder to hold on to the company as long as he can. j i want to look at apple it has been leading this market lower. i mean sharply lower, modest bounce today back up to 179 up a
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couple of bucks that's it. keith would you buy apple at 179? >> it's very, very tempghting stuart but i still think we're going tap into 160 and 150 i have no problem with a l but it is a wildly held until overall sentiment changes it is going over. >> ashley was talking a capitulation bottom and hopefully market flushes itself out if it does i think a a pl will be one of those stock all a of the bank stocks will be buy. because they're so high -- they got so high they're so now far off a of their highs. between 22 and 42% depending on stock. they're all in bear market territory some point they're fantastic buy. >> we're all waiting for the flushout. >> for everything and then you start to buy what if capitulation doesn't happen you already -- you can't. [laughter] >> market timers and traders you have a problem. [laughter] a long-term investor don't care
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about these kind of things. check the big board here we go. we're only up 130 points we're up 150 a minute ago now it is up 128. individual stocks here question go. check gap, it may close hundreds of underperforming stores investors like it. stock is up 4.5%. look at deere tractor are people they say profits will be hurt by lower demand nonetheless, stock now has turned around at 2.5%. before the market opened it was down. now it is up. oil, today we're going to get latest read on how much we've got in storage here in america. st that's in about an hour's time right now oil is up a buck at 54 still a depressed level. price of gas keeps coming down had 2 day in a row. 261 is your national average. got to talk tesla. that stock has gone i would say very well -- during this big market selloff. okay, nasa launched is a safety probe into spacex one of elon mufng companies because he's on
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video smoking marijuana. you can see it right there. but come on in, keith tesla is it didn't go down when big tech were falling out of bed. [laughter] >> it's the most unbelievable teflon stock i have ever seen i get musk and brilliance but he's off the the map when it comes to labor relation with lawsuits pending with potential share investigations going on. you know to me this is a stock i still won't touch even though i think he's probably arguably the brightest executive on planet. >> but if he kept on going everybody an he actually produces the molds three, and he makes a profit -- i mean it will have improved to have been a genius. >> they're launching next generation of superchargers, the news is just breaking within the last 24 hours so if he gets that battery charging station if he get that not just a car pane but battery company as well and genius get a chair to counter
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elon musk but this guy is a genius what about a supercharger. >> launch next superchargers to expand charging nec for tesla cars so this is about tesla battery operation as well that gig ga factory. >> stock there at 350 been there for styming. retailerses boy did they tick a hit yesterday their sales are increasing but they still took big hits. j.c. penney this morning is down buck 26. best buy is up a fraction -- i mean bed bath and yongd 13 cents wal-mart what five cents that's not a rebounding is there any retailer that you would buy shah gilani as we heads towards holiday retail season? >> if market hasn't trounced them yesterday and past week or two i would have been looking at both wal-mart and best buy. and possibly target too. now the way to market i think is gong to depress these stocks through first quarter and then become a buy. i think everybody understands and believes that this sales for the fourth quarter are going to be tremendous i think they have
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absolutely fabulous holiday season, and stocks will probably rise on those projected earnings. xepght the market may weigh them down as market brings them down those good urgings will gore for not and get hit after earnings come out they'll be great an market will hit them down that's a time to buy them. but -- buying them and buying them now when we know when we expect for the earnings to -- >> you have a chart guy and all over -- >> like a trader hat. one of those. time not right now. summarize by saying shah gilani would not buy a single reare tailer orp market at the moment? >> no. correct. [laughter] short version amazon going apple pay it wants retailers to start accepting the digital wallet. which would let people pay using an amazon app. keith, amazon has a long way with to go to catch up with apple here. haven't they? >> yeah.
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but they can get there very, very qukly stuart they have retail channel they're going to get into personal banking if they can get payment mechanism that's the trifecta then they have a credit card and truly amazon versus everybody else. >> what surprises me and may agree with me is they haven't gotten into banking yet i would have thought they have their series of cards, ands loose -- and then lowered the transaction fee for everybody. >> wait amazon doesn't have a backed visa card right are they do -- >> not to my knowledge you've got it. they have it. but i wouldn't expect to boy a -- >> that's great. that's excellent. you learn something every day. amazon. you're a brilliant man. [laughter] chiming in for good man. no more. we love you. wall groans and humana reportedly looking to team up this is kind of a deal that would involve them taking equity state in each other. kind of a new trend in the
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health care arena. remember we've got cvs hooking up with etna this the new face of health care or was it kind of one stop shop? >> less expensive way i think the buying -- etna deal with a 69 billion deal, so if they swap stock here and agree to do partnerships this is a lot a cheaper way to do it. >> this is a look into the future it's about human that dominates medicare advantage. it is about turning the drugstore into a mini clinic for the aging baby boomers which is really interesting that's with traffic coming many. >> like that convenience. you do 9:40 eastern time you know what that means thanks shaw. you're all right have a great thanksgiving keith thank you very much indeed have a great thanksgiving out west. good luck to everyone. okay look at this. we're up -- but not that much. up 119 points as we speak i keep saying this. but we were down a thousand in the last couple of days. up 120 today. great story here about miracle grow. scott miracle grow got it. to make fertilizer got equipment
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got it. coming up, we have a market watcher who says buy it. buy the stock. why? because 20% of it sales are comeing from booming marijuana industry. did you though that? more on facebook, they just hired a big time antitrust lawyer, looks like there might be gearing up for a fight more varney after this.
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this is a rebounding but it is fading now we're up just 95 points. got it. here's big news coming to us from adobe analytics important company they track online shopping and boy have they got bug news. all mary, shopping online for month of december already
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november first, excuse me i'm sorry. month of november first through the 20th thank you for that up 17% year over year already on track to have their saying 124 billion spent on november and december that's what had i had in my head so up 17 nearly 70% year over year already and 32 billion spent already. and they're really cutting -- consumers really piling on this week on to the internet to do their shopping. >> i noticed that amazon overstockway fair all doing well. 6 billion they predict to be spent on black friday. 7.38 billion on cybermonday both numbers up 17% year over year so -- a bump a season we've been talking it be. i want to get become to markets real fast here. everybody -- has heard it be these algorithms. high frequency trading computers essentially doing jobs of trairders and taking over the market. clearly, computerized trading has a huge impact on the market. theresa goodie is with with us
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former fcc attorney welcome back. is the fec going to try to do anything about these -- all gore riffles and computer trading? >> fec has been looking at it recently and actually had a -- had a round table just in september trying to look at the market structure. and the liquidity impact of high frequency trading in algorithm but they having looking at this for year and with high frequency trading it is difficult to find out exactly all of the trading that is occurred. but what they are looking at and which i think is most important thing here -- is the market structure and how the high frequency traders actually impact the market structure and create volatility day to day within the day of the trading. >> is there a suggestion that there's an element of manipulation? >> there can be some manipulation and there can be still not completing transactions but i think more of the concern here is the fact that the trades are based on just price changes.
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and so once there's a price change with a man know seconds you have ton of these transactions and buying and selling. which exasperates any minor price change, and increases the volatility throughout the date of trading so retail investor they may hear apple is doing well today but really -- it's just the high frequency trading with a minor issue, and then retail investor goes and buys so this is not really a true evaluation it is not based on other factors like monetary policy or any of these other things but purely based on -- a change of price. >> look i can see the problem i just don't know what on earth you can do about it legally i don't see what you can do, however, i want to talk about facebook for a moment. as you know theresa they've hired a formally justice department antitrust lawyer, big time lawyer in antitrust -- why are they doing that? do they sense that antitrust suit is coming against them? >> i think that they anticipate that it could come against them but even more so --
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the fact that the federal trade commission and the department of justice are looking at how we might actually change our antitrust laws and our consumer protection laws. so similar to back with at&t the when they have to break that up into the baby bell you know looking at every time there's a new innovation and new technology, how do we apply our lives to that and do we have to modify laws to protect consumers. >> is there a move to rewrite awngt trust laws bearing in mind today technology? >> that's something that they're definitely looking into it and that's something that i believe president trump has been active in pursuing and wanting to department of justice to look into that. and ways that we can make sure that the intent of our antitrust laws and of our consumer protection laws but that is still apply equally to this new innovative technology. >> can you just give me for octave opinion here do you think we need to rewrite antitrust laws because of the new
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technology? >> i don't know that we need to rewrite them. i think it is a way how we apply them now. and a so -- you know, and focusing on consumer protection here, i think is actually really important because there's a lot of the data privacy concerns. and some of the issue i think that why we can't actually just is apply the laws that we with countrily have on bookings is because it is not transparnght it is very o'opaque and fact that had algorithm on search like on facebook or google, can completely plummet and take, you know, a company out of -- out of business. i mean how does that -- happen and how does that work and there isn't enough transparency into that. i think opening up and looking into that might allow us to apply our current rules. esmg well said theresa goodety we hope you have a good thanksgiving hope to see you soon. >> you too. thank you. check that big board -- we're now up 130 points i guess qoal take that that's a half
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percentage point gain, back to 24,600. one thing you will not see on dinner table this thanksgiving romaine lettuce shouldn't see it cdc says it could be contaminated with e. coli they want you to low it out no matter where it came from can e. coli jump from that romaine in your fridge to something else in your fridge can it do that? ask dr. siegel, he's next. an august to remember, starts with a december to remember at the lexus december to remember sales event. lease the 2018 ls 500 for $769 a month for 36 months. experience amazing at your lexus dealer.
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this is really an extraordinary warning from the center for disease control. glncht don't eat any romaine lettuce it may be contaminated e. coli if you have any, throw it away. doc seeing l is with us now. does this mean if i've got romaine lettuce in any fridge that the e. coli could jump from the romaine to another food product in any fridge could that happen? >> yes, it could, an you need to disinfect everything around it. it could jump it came from the intestine of cows to begin with it's a particularly strong and powerful bacteria that makes a toxin that lead to bloody diarrhea and can cause kidly failure occurred in one case here but only talking about 332 cases so i want to tell people if you happen to have had romaine that chanceses that you're going to get this is
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still extremely low. >> but this is extraordinary recall of every head of romaine lettuce in the country. >> i believe almost unprecedented because they can't track exactly where it comes from you know why stuart you grow one place and process is somewhere else. you ship it somewhere else. that's the multistate situation we're dealing with right now. pfnlg next time probably in the county cdd -- probably. next time you get an e. coli outbreak in any food product, if you don't know where the e. coli comes from you've got to take that entire food product out of the this country. >> not entirely true. it has to do with a particularly strain of bacteria that is or very, very, very problematic with that toxin it makes it is not all bacteria but this particular one that is extremely dangerous for us. >> okay all right i have to move to another topic this is a good one senator sanders unveiled a new -- bill which would he says lower drug prices. here's how it works. if a drug is considered excessively priced, bernie would
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withdraw the drugs patent who decides what is excess ofly priced? >> that's already my point you stole the point. it is ridiculous this idea. it is one thing for president trump in october with secretary azar had on this show talking about this saying look let medicare look at loaders and bring our prices down here so we don't get taken advantage of but ideas sanders says drugs across the board who will decide how expensive they are and he says so others can come in what if they're not ready and what if another generic is not in offering and not able to give life saving drugs to patients in mind and what about cost of our -- nd sometimes these high prices are warranted. because it is a niche drug and creating and innovation sanders will stifle innovation is here. >> i'll tell you this never going to pass. >> you can't get drug prices
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down a politician will come along an say i order drug prices down. get with it. way to get prices down is what's happening with more generics approved more biosimilars you need nor drugs on market you can't allow drug manufacturings to extend their patents yongd initial period that's key. but the idea of government regulation -- will stifle innovation, we're at a time of great new drugs genetic therapy robotics we can't allow this. >> okay free market. stuart. >> i'm with you all the way well said have a great thanksgiving doctor. check that market not a rebound. we're up 97 points. two big items economic data coming up, top of the next hour. consumer sentiments and for the realtors very porpght number, existing home sales. we'll break it all down for you in one minute. i am an independl advisor.
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during the season of audi sales event.
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stuart: 10:00 o'clock on the east coast, 7:00 out west. the markets, very modest rebounded at this stage, the dow is up 115. we are getting news, economic data. first of all, it's getting the consumer sentiment indicater from the university of michigan, key indicater of how we americans feel about the present and future. ashley: 97.5, shy of what we were hoping for. let not forget the sentiment has been running at 18-year highs this year. we have seen gradual eroding of that number. still positive but down from what we were hoping for. stuart: here is another number, this is very important in the housing industry, this is what the real stores look at, existing homes sales, tell me.
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liz: better than expected, 5.22 million on annual basis. why? the median house price has been going up for 79 straight months, it's been rising and to ashley's point about mortgage rates, you saw the market for existing home sales start stagnating in august and is that 255, 55k median price is kind of tough for people to get together when rates will go up. stuart: $255,000 per house is the median price of homes that have sold? liz: that is correct. stuart: 5.2 million. liz: not exactly strong. ashley: mortgage rates came down 4.94% to 4.81, when you look at
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the reasoning that's given behind it, big drop in oil and volatile markets have help today push interest rates down which is positive for the housing market. suddenly every dollar counts and if you can get a lower rate on the mortgage, makes it more possible perhaps to get -- stuart: i have to say that the housing industry has been a lagger in economic boom that we are experiencing, it's just not out front leading it. liz: tax bill capping the mortgage reduction. stuart: just wait, just wait. liz: right, that's exactly right. stuart: i will stay on housing, look,i can identify the problem with housing, but is there something else going on in housing, for example, david, are millennials buying homes the way 20 and 30-somethings used to buy
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homes? >> the answer to that question obviously is no they are not, a couple of reasons for that, one is economic and the other is social and cultural but i'm so afraid of offending you and my good friends onset with you, i don't believe these things are a problem at all. i am so mystified why we talk about housing as permanent escalating housing prices above beyond wage growth and above and beyond supply reality that could possibly be good thing for the economy. slowdown, correction, a moderation of housing prices is a very good thing. for 30-somethings who want to buy a home. there are so many people in this country that make a good living that cannot afford to buy a home. now, what do we want to do? deteriorate credit standards or eliminate down payments? i think we tried that once, it didn't go very well and certainly didn't end very well. a housing market, permanently escalating prices is not
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economically good thing, it's a distortion. we have a market that got ahead of itself and is coming to reality. stuart: i would like to see more sales of existing homes, annualized rate of 5.2 million, i remember when you got 6 million homes, that was 10 years ago. >> stuart was that the good-ole days 10 years ago? social 12, 13, you know, the years building up to financial crisis. what i think is that we have an affordability problem, we need to have more inventory and i'm not suggesting you want standards on underwriting, we want people who can afford to buy a home buying a home, you brought up the millennial issue, lack of affordability for good earning millennial is to enter home market, it's not a good thing, culturally they are
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waiting longer to get married. they are waiting longer to have kids, there's more of a willingness and kind of attraction to renting and big cities, they value their flexibility, household formation is going to be very different over the next 20 years than it was the 20 years, you know, as i was coming into my adult years, i think there's a lot of moving parts here. stuart: by the way, i want to tell viewers that later this hour housing and urban development ben carson will be on the show, i want his take on housing. back to you, david, the marks right now are up 140 points, not much rebounded from the big losses of the last two days, do you think we have seen the bottom? >> oh, i don't know, i mean, obviously i would never be able to guess on something like that. i wouldn't imagine. these things are very unpredictable i'm surprised markets are able to rally with 9 people that must be working on wall street today.
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stuart: well, we are here. >> yes, you are. but the fact of the matter is that there's no catalyst to growth until we get a gdp print that shows cap x and business investment has, indeed, revert today trajectory in q1 and q2 and slowed down in q3. i believe fears around trade war. we brought back in business uncertainty that was wholly unnecessary. the fact of the matter the economy is still on strong footing but right now the wait and see approach, get a china trade deal done, get strong cap x going again, then you go to next earning season in '21, the market resumes upward trajectory, right now it bonnes around. stuart: i know that you're an investor that likes stocks with growing dividend.
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are there any retailers, they were beaten down badly, are there any retailers that pay a solid strong dividend that goes up in the future? >> so we separate what we consider consumer discretionary names which i'm not sure that i've really ever owned one in my career, they are bad dividend payers, bad dividend growers, usually they are indebted companies and more bad and trade-oriented versus consumer staples which we would consider wal-mart to be the king in the space. you don't get better dividend growth than what wal-mart has done. they began growing dividend in 1973 and haven't stopped since. they have checked back over the last week and it's hard to be able to extrapolate what is related to overall market drop and what is specific to theirs, they actually had a strong quarter and e-commerce numbers were up 43%, if there's anybody in this country really competing
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toe to toe with amazon it's wal-mart, but that's our strong retailer name and from a balance sheet standpoint, they get a nice premium valuation because they are so well run, they execute very well and their financials are at different level of strength. stuart: i don't know whether you invest many big-tech stocks, i suspect you don't because not many of them pay strong dividend if any at all, but they've been hit lately, tinny rebounded today, is this the time in your opinion, i know that you're not an investor in the area, would you buy any of them? >> well, see, big tech, cisco, intel, qualcomm not now but that's a very good dividend grower over the years, frankly apple has been huge dividend grower and they are down $50 a share in the last couple of months, yes, there are do things name like that that are worth buying that are incredible dividend growers and obviously we talked about microsoft over the years as becoming the real
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staple dividend grower. the stocks you're talking about, fang, i will throw invidia in there, they don't have cash flow and they really relied on just high momentum to push the stock prices higher. so we would say no to that space even at these prices and then we would say, yes, to intels, ciscos and those types of tech names, again, i've used the phrase on your show, old tech, boring tech but very reliable and you can look at outperformance over new tech over the last 7 weeks, it's been phenomenal. stuart: david, you make a lot of sense and we want to take time to wish you and yours a wonderful thanksgiving. >> happy thanksgiving to you all of you. stuart: check big board, hold to go gain of 100 points. i keep saying it but we were down a thousand in the last two days, up 100 today.
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look at caterpillar, it's the top gainer of all the dow 30 stocks, it's up 2.3% as we speak. how about foot locker? big increase in sales, it is the top stock of all the 500 in the s&p 500, it is up a whopping 17%. we have to check big techs again quickly, news from amazon breaking right now. they say its website inadvertently disclosed e-mail addresses and names of customers, they say it was a technical error, has been fixed, amazon is still up 30 bucks, big hour coming up, if this doesn't say corruption, i don't know what will, extreasurer of venezuela admitted to take a billion dollars worth of bribes, that's billion with the b, venezuela, the tragedy rolls on. british prime minister theresa may to meet with european officials as they finalize some kind of deal, looks my opinion
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she might keep her job, i will talk to the father of brexit nigel farage. mac zuckerberg says he and sheryl sandberg are not going anywhere, criticism of the company has been fair, i will ask facebook critic if zuckerberg did enough to get him on board, you are watching watce second hour of varney & company. are you on medicare?
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54 bucks per barrel. that's all you've got. good news for anybody hitting the road today and tens of millions will be, the price of gallon of regular gas is down to 2.61 national average, it has come down 42 days in a row. the former -- i'm going to give you a big number here. former treasurer of venezuela alejandro andrade has admitted to taking a billion dollars in bribe. that's corruption really large? >> i think that's small change and it's very dog-bite's -- stuart: a billion dollars in bribe? >> let's go back, hugo chávez took office in 1999, this had one of the highest living standards in latin america, people would die to be in venezuela because it was a
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prosperous country. where do you think the money went? i'm not saying it's not a lot of money, the idea that it's shocking that this is where the money went is crazy. i mean, we know that socialism is one huge corruption racket and that's what they've been doing, they're been stealing the money for, you know, since 1999. stuart: you're wearing socialist today. [laughter] >> try to take back the color. stuart: let's get serious for a second. the administration is considering naming venezuela as a state sponsor of terror, what do they mean by that and what happens? >> i think that's a good idea, two things that have gone on in venezuela with hugo chávez and current administration of nicholas maduro. once you have a venezuelan passport you can move around the region easily. you know, different officials
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and intelligence have said that this is a risk. they initiated direct flights between caracas and tehran. i mean, they really got close to these -- to our enemies in the middle east. so that's one problem. the other problem is that you have these drug trafficking terrorists from colombia that they have also made alliances with. those -- that's also a way of spreading a lot of terrorism, disruption, political instability around all of latin america, so we have allies there. we have a new president coming in to brazil that would be big u.s. ally but we need to try to help the region and i think the more we pressure venezuela and try to isolate it the better. stuart: we have been saying this for 2 years, isn't it? maduro is still there. >> well, this would be step towards further pressure on them and i think it's a little late but better late than never. stuart: what do we have a cia
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for? >> is that the culinary institute of america? stuart: no, the central intelligence agency. >> there are questions of how effective the cia has become over the years. i think we don't need a whole lot of new intelligence. you see the bribery thing coming up. this is stuff that we have known but president obama didn't want to do anything to it -- about it. in fact, he went the opposite, he cuddled up to cast rose, you know, he took cuba off the list of state sponsored terrorists and he also, you know, was very toll leant of venezuela. i think we need to get our allies together in the region and get very tough. by the way, the new incoming president of méxico who will be inaugurated in december 1st is inviting nicklaus maduro and abel morales to the
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inauguration. that's not a good sign. stuart: you have a happy thanksgiving. marie anastasia o'grady. stuart: the united states stands with saudi arabia after the killing of jamal khashoggi. listen to the tape, roll tape. >> saudi arabia is probably the second biggest oil producer, they've worked with us very well, we've kept oil prices down, if you want to see oil prices go to $150 a barrel, like by the way, russia would love to see that, all you have to do is break up our relationship with saudi arabia. stuart: ash and liz we have a disagreement here. i say you have to play real politics, don't ditch the saudi crown prince because we need him because we want to go after -- ashley: you are on the fence here. how do you hold a country accountable for their actions
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while working with government? key ally of the united states and the region of the world is volatile, you are looking iran in the face, iran who wants to create havoc and take control to have region, can you abandon saudi arabia, no, what happened to jamal khashoggi does not sit well. pr firm for the crown prince. you know, the president here as i say is taking the logic off, a, there's no absolute definitive evidence that the crown prince was behind the murder and the bigger issue is we need ally in the middle east. liz: can i quick i will say the media self-righteousness is striking given that obama turned a blind eye to slaughter of democracy, protestors in iran and what was going on in syria when half a million people were killed, so, you know, let's look at it -- stuart: israel, the
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united states, grand alliance beat iran and don't let anything get in the way, that's my opinion. liz: there you go. stuart: tomorrow they'll be a parade, dog show but friday afternoon, golfers take interest, it's tieingle versus phil for big money, we are on it. [ phone rings ] what?!
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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: it's the day before thanksgiving, better check retailers because they had enormous selloff yesterday all but target bouncing back a little, look at target down again 68 bucks a share, took a
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huge hit yesterday. online retailers, take a look at them, they are doing very well, thank you because adobe analytics, $39.1 billion spent november 1st and november 20th, up from last year, big-time online sales this year, tiger woods faces phil mickelson in much anticipated match in las vegas, the winner takes home $9 billion but there's more. ashley: loser gets zero but really game on. a lot of side bets to add zip to this thing and phil mickelson in press conferences says the first hole is good for me, i will birdie it, i will bet, 200,000 already that can mickelson can birdie the first hole. now, here is a couple of things you need to know, all of the side bets and they do it to make it more interesting, that money
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comes from the players' own pockets and whoever wins it goes to charity. so what they are really playing for $9 million winner takes all. liz: wow. ashley: 3:00 p.m. eastern. stuart: you have to pay, it's pay per view. ashley: no. stuart: not pay to go watch golf. [laughter] stuart: earlier we reported about existing home sales, actually they were up for the first time in 6 months. in a moment i'm going to talk to housing and urban development secretary ben carson, i want him to weigh in on the housing markets and he will. you're headed down the highway
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♪ ♪ [laughter] stuart: remember that one? ashley: yes. stuart: i never felt that one. owe my life. shall we move on? let's do it. we are up 140 points for the dow industrial. i'm still waiting on numbers for oil that is to say how much we have in storage and how much we used? >> double what we expected. they were looking 2.94, still, look at that, popping, moving higher. stuart: the news didn't just come out. a second to react here. ashley: that's the ninth week or -- stuart: i think so.
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ashley: they built the inventory. stuart: we are fracking away in america. producing all of this oil and putting it in storage and i think it's holding the price where it is. liz: 13-month low. it's been bear market since october. ashley: opec meets december 6th, they will cut production no matter what mr. trump says. stuart: i love them. [laughter] stuart: nearly thanksgiving. let's get back to housing, special guest on the program this morning, great to see him back ben carson, dr. ben carson, housing and urban development secretary, mr. secretary, great to have you back with us today. >> always good to be with you, stuart. stuart: we just got the first read of sales of existing homes, increase for the first time in six months but in my opinion this is not a really healthy housing market. how would you characterize it? >> well, you know, it's influx, there's no question about that and, you know, there are many factors that are involved in the
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strength of the housing market but you know our job here at hud is to make homes available to people to be able to buy. last year we had more than a million mortgages, normal mortgages, 83% of which were first-time home buyers, 34% minorities and, you know, making that american dream possible for people is a key part of what we are doing. you know, affordable housing, it's another very, very big push and trying to get rid of a lot of the zoning restrictions and other regulatory barriers that prevents us from being able to build affordable housing in the appropriate ways. we've learned a lot from some of the mistakes that have been made over the past few decades, we are plying -- applying those things now. one of the things that are important to me is doing things based on data, based on evidence and not on ideology. stuart: bring it on,
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mr. secretary. it's music to our ears, you recently announced disaster assistance for the victims of wild fires in california. can you tell us exactly what that assistance is? >> well, we have boots on the ground, we have people out there who are talking to the victims to help them, obviously our hearts go out to people that lost everything and in some cases they've lost members of their family but we evoked a -- a 90-day moratorium on foreclosures which can be extended again. we have our 203h, 203k programs which help people to be able to rehabilitate or rebuild. we have unique financing programs that allow people to attach anything anything that they are liable for during this difficult time so they don't oh have to worry about that. there are a lot of things
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available and i would encourage people to go to hud.gov to find out where your closest office is. talk to the people there. we have a lot of resources to help people. stuart: that's a lot of help you're giving there. that really is and that's meaningful too. another similar question, i know that you are doing -- you are trying to help homeless veterans, again, tell us exactly what you're doing, please. >> well, probably our premier program is our hud dash programs, veteran administration supportive housing, that's what the bash stands for. what we found is we take a traumatized vet and we just give him a house, that doesn't work, if you give him services, that doesn't work but when you do both you do extremely well. year over year from last year
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5.4 decrease in veterans homelessness across the country and, you know, this is something that is -- that we should be celebrating because 1% of our population protects the other 99% and, you know, they served us and now we have obligation to serve them and it is working, you know, 3 states have declared complete victory on homelessness for veterans and 64 communities and 33 states, so we are making a lot of progress and we still have progress to make, there's no question about that but we are moving in the right direction. stuart: yes, sir, you are. i wish you would come on the show more often, mr. secretary with news like that especially the day before thanksgiving. >> we have a lot of good news. stuart: you do, you really do. i hope you have a wonderful thanksgiving, my best to you and your wife and your family, i hope you have a great day. >> same to you, thanks so much. stuart: facebook ceo mark zuckerberg talking to cnn about
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the issues his company is facing, watch this. >> well, look, there are always going to be issues, but if you're serving a community of more than 2 billion people, there's going to be someone who is posting something that is -- that is problematic that gets through the system that is we have in place no matter how advanced the systems are. if we are going to be real, there's the bigger picture as well that we have a different world view than some of the folks who are covering this. stuart: now there's a man and a company under a great deal of pressure, harvard and carnegie senior fellow, did he instill confidence in you or investors in approach to the company? >> stuart, no, let me explain to you in simple terms what the problem is. you know, social network is like a town square, we can come together, meet people, share photos, share ideas and, you know, be happy. now tv screens in front of every
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person where mark zuckerberg gets to decide what you watch, what shows you watch, what news you watch and what ads you see and then spying operation to it where he follows you home, he follows you to work, at play, everything about you he learns, your banking information and he sells it to advertisers who can -- give you any nonsense that they want, anything that they want. any evil organization, any government can now know everything about you, they know your likes, dislikes, sexual preferences, your tastes, everything about you and they can target you. that's why he created this thing, leave me alone and get filthy rich while i program you and we shouldn't allow zuckerberg to get away with it. he's doing damage to the world. stuart: controls 60% to have voting stock of facebook, he runs it and controls it fully, what are you going to do about that? >> well, this is why you need to have government step in and have regulations. on fox news if you started
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airing very negative ads biased ads, lies, fake news, you'll get sued, the government will stop you, you can do that on facebook, what's more you can do it based on the individual, target individuals based on their likes and dislikes and now send them misinformation. there has to be, you know, way of stopping this. he should not be allowed to get away with what he's getting away with. it's that bad. stuart: on this program you've never liked bitcoin, you called bitcoin a ponzi scheme a giant ponzi scheme, do you think it's going away? >> it has to crash, we have reached the point where the cost of mining it is more than what they are making on it. bitcoin has been fraud. the people peddling have either been foolish or fraudsters and people who put life savings have lost the majority of them.
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people bought $18,000 a coin, $4,000, it'll be zero before you know it. my advice is get out of this mess, don't lose your life savings on it. stuart: pretty good advice. hope to see you soon. we will be talking more on housing on the program, apparently, listen to this, legalized marijuana affects the price of your home. if marijuana is legal in your area the price of your home goes up, oh, we are on it. ashley: higher and higher. stuart: you had to do it. this time last week it did not look good for theresa may, however, looks like she might just eke out of brexit deal after all. that's my opinion, let's see what nigel farage thinks about that, he's next.
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♪ ashley: in the last hour economist steve moore told us a recession, nowhere in sight and he says the economy is still going strong, take a listen. >> you can't see a recession on the horizon. you may be looking at slightly different numbers than i am. look, for the last 6 months the
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economy is growing at 3 and a half percent. that's a very robust rate of growth. is there going to be a slowdown in fourth quarter, maybe a little bit. if you look at fundamentals of the economy, construction, look at manufacturing, look at industrial production, look at consumer confidence, look at -- you know, all of these things have so positive, i remain bullish on the stock market. i'm very optimistic about, you know, this path, we talk about this in the book, 3% to 3 and a half percent growth, it's achievable, we can do it with the tax cuts, deregulation. ♪
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stuart: we are just holding onto a triple-digit gain, i keep saying it after a thousand point drop in the last 2 days, we are up 105, 24,500. let's get to brexit. britain's prime minister theresa may will meet with european union officials both sides trying to scramble to finalize some kind of brexit deal, pressure is on. leave means leave, uk leader nigel farage. i don't know if you share my opinion here, but i think theresa may might just squeak by because the alternative is maybe disaster. you don't agree with me? >> no, i don't at all. what's on the table is disastrous, we didn't just vote to leave the european union in
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referendum, we had general election the year after with set of promises, we are leaving the customs union, all of that was clear. so twice we voted for it. she is now negotiating agreement that keeps us in custom union, gives away up to 60 billion pounds and does nothing to even address open borders and people freely moving to the uk from across european union and she will ask parliament within the next 2 or 3 weeks to accept the deal. stuart: wait, nigel, wait a second, i don't think the votes are in parliament for the deal and if it's voted down, you have a problem. >> yes, if it is voted down, according to legislation we should leave the european union on march 29th with no deal. so, you know, i should be getting the corks on champagne
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bottle. clear majority of parliament never supported the brexit and if this deal gets watered down they may very well suspend, delay the date we are suppose today leave and perhaps even force us into a second referendum. so here is the dilemma, the dilemma that people face in british parliament and i'm going to face in european parliament where we have the final vote is do we vote for something that on paper takes us out of the european union but keeps us bound in to a humiliating deal that we can only leave with the eu's agreement, so almost a form of imprisonment or do we say, no, we stick with our principles and risk there being a second vote and that is the big dilemma facing many of us right now. stuart: i think i know which way it's going to go. i think there will be a vote no in parliament on the deal that theresa may has -- is negotiating. >> i do. and that could lead to very grave consequences and it's
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unbelievable. behind me is a building, we have a parliament since 1270, the mother of parliaments and yet they are willfully ignoring the wishes of the british people. i've never felt angrier all of my life. stuart: you will have chaos, is it possible that the labour party, corbin could become the next government of the united kingdom. they are socialists? >> they are not socialists, no, no, the number two in labour party is a self-declared marxist, hard-left leadership than we've ever had and brings with it some pretty unpleasant antisemitic fellows as well and such is the anger, stuart, out there in middle england, many millions of people feeling as i am about this prime minister and her level of betrayal over the deal that i think if there was a general election many of them would simply stay at home. we are getting closer in that
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sense of a corbin government. i think there's a risk over the next few weeks that the uk stock market, i know it's fairly international but even so the uk stock market and the value of the pound, what would really push the pound down towards maybe even with dollar, not so much a hard brexit, it's a fear of corbin government. stuart: nigel, keep coming back, please, because this is a very important subject on both sides, we want to know what's going on, thanks, nigel, see you soon. there's a hotel -- i'm really changing the subject. [laughter] stuart: changing the subject. trying to get back former glory, wants to become the sports-betting hot spot in new york state, we are on it fact is, every insurance company hopes you drive safely.
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but allstate helps you. with drivewise. feedback that helps you drive safer. and that can lower your cost now that you know the truth... are you in good hands? and i found out that i'ma from the big toe alian. of that sexy italian boot! so this holiday season it's ancestrydna per tutti! order your kit now at ancestry.com
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stuart: this is a nice surprise, the golfer, great solver greg norman is a friend of the show, he sent me a text right after we reported on the phil mickelson and tiger woods match-up, here is what the text said, buy 3g.
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that's our friend greg norman. ashley: he's right. it's going to cost you 20 bucks to watch the mickelson-tiger woods. liz: he's hilarious. he's so funny, i love him. stuart: the sports-betting company it's called bet 365 it's teamed up with empire resort to offer sports betting at resorts world, that's a casino and joining us empire executive chairmany, welcome to the program. >> good morning, stuart. stuart: i would be able to come to the casino and watch a football game and gamble as i watch? >> absolutely, that's the hope currently under the law the four casinos that were given commercial casino license in the state of new york are allowed to have sports betting on property.
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we are just waiting for rules and regulations to be promulgated by the new york gaming commission, we hope those would be soon. we are excited about doing them. stuart: i think you are revolutionizing the way we gamble on sports because i could imagine sitting in your sports bar and i'm sure you have a few at your casino watching the game and making bets on my laptop while having drink and watching the game, that's going to happen, isn't it? >> that's what we want. we hope that will drive traffic to casinos so they can see the rest of what the great property we built. we have 5-star hotel. we have vip gaming floor, we are building new entertainment village, there's a water park coming on next spring as well, we are redoing the golf course. stuart: this has been built, it has been built on the old concord? >> the resort concord resort property. stuart: we used to call the belt. >> that's what it was when i was growing up. still okay to call it that.
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stuart: they went to decline with the analysis of the jet plane and you're bringing them back? >> yes, we created almost 2,000 jobs up there and plus construction site, 90 million to build. we are excited about the property and so that -- we see sports betting as being a logical extension for us to grow our business. stuart: do you a connection to the brits because they gamble on anything? >> our partner is bet 365. bet 365 is the premier sports betting company in the world. they actually published earnings, their private company but they earned close to 7 or $800 million and they have $2.3 billion of cash, no debt and privately owned, they don't care about quarterly earnings and they want to own markets that they are in which they do around the world and we picked them as partner because we want
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to own the new york state market, we view them as amazon.com. >> manny, i think you are onto something. thanks very much for joining us, we appreciate it. happy thanksgiving. hold on, hold on. you can't get off the set until i have done this. [laughter] stuart: dow industrials is up 104 points. modest comeback i'd say, discussion about avoiding politics around dinner table. not in my house, we are a free-speech family, my take on that top of the next hour, mark is here to respond coming up in the third hour of varney & company. i wanna keep doing what i love, that's the retirement plan. with my annuity, i know there is a guarantee. it's for my family, its for my self,
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stuart: in candidate hillary clinton labeled trump supporters racist, sexist,, xenophobic, xenophobic deplorable sites had enough with that. i'm not going to be found by name-calling. which brings me to thanksgiving and the conversation around the dinner table. there is a lot of discussion about avoiding contentious politics. don't go there appeared it's too painful. not in my house. where free speech family. sure it can get heated, but so can a discussion of baseball were great and various divorce. besides, i'm interested in politics. it's a big part of my life. i'm not going to keep quiet because the mere nation of president trump might offend someone. now we do draw some lines. no obscenity, no blasphemy, no name-calling and no personal insults. we can handle everything else. diversity lives around our table christianity, judaism, africa,
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asia, new zealand, australia all represented around my table. so nobody is going to call anyone deplorably a deplorable around my table. the vigorous give-and-take, sure. i surely look forward to thanksgiving. it's the all-american holiday and have latched onto it. i've adopted to it. is that cultural appropriation? probably. we are going to celebrate. politics can i bring it on. where an all-american family and we can handle free speech. in fact, we relish it and i hope you do, too. happy thanksgiving, everyone. stuart: alright, i'm calming down. we've got the ideal guy here to respond and he is the author, marc stein. it's great to have you with us. it's been a great to have you -- well, i'm glad i'm not having
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thanksgiving. you're in full flow all your cousins or whatever cringing. stuart: nonsense. it's basically "varney & company" -- [laughter] stuart: i'm right. this is america. this is free speech america appeared we are the all-american family. you don't think we can tolerate a little passion in our politic discussion? of course we can. churn for secretly put volume in the stuffing. he's not doing that. it's a joke. >> i do worry if i was at your place, you know, a couple of the more sensitive and then the younger kids would say we blow this joint and just go to applebee's. i do think you have to have a degree of sensitivity.
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so you know, i do, i do. personally i have the moment to a multipart -- [inaudible] and an uncle who likes to stuff the turkey with a subpoena and they'll go along with it. you've got to kind of expanded into the beard churn into a thinker in the same grounds. you're with us for the hour, aren't you? >> it's like steady work. stuart: stay there, son. we've got a modest bounce. up 120 points about half of 1%. how about the s&p better go in there up about three quarters of 1%. the nasdaq doing very well. the nasdaq right now is up over
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one and a quarter%. that's a nice textured show me the big text, please because they're taking it recently appeared any bounce back, yes, but it's modest. amazon come back to the tune of $37. apple still at 178. alphabet 1046. retailer says another group that took a huge hit yesterday i'm not going to say that jcpenney and dancing back. best buy is down today. that bath and beyond what 40 cents higher. wal-mart down again at 93. no bounce for retailers. got it. however, take a look at scotts miracle grow. our next guest says by that stock because scotts miracle grow has a connection to the marijuana industry. look who's here. the guy with the carson group. you'd better explain this.
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miracle grow and we. tell me how works. >> well, you know you've got to grow weed. it doesn't just fall out of the sky. let's talk about scotts miracle grow. as a company a cash cow trading at a reasonable 17 times next year's earnings. 20% of its top revenue growth today is coming from the growth of cannabis. we think this is a conservative way to play the legalization of cannabis in the u.s. you know, whether you love it or hate the idea that people are going to smoke cannabis, it's growing fast socially. it's very acceptable. and by the way, miracle grow is down 30% year to date so i think you're getting an attractive price and you're getting a nice dividend yield while you wait. >> that's a very interesting idea. you brought us another one. you're telling us they were going to see autonomous strain,
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i believe that would be driverless trains before we see driverless cars. see one explain not? >> we do. think about the way a train operates. very limited on a track. we think by the way, union pacific railroad is one of our great citizens, great company, great people. we love the company. but we think that there is a cyclical call here and i want to relate this to y2k. it wasn't that long ago -- let's talk about y2k in 1999 everybody was terrified of what was going to happen when we went to the year 2000. me like a lot of other business owners what's it going to cost to fix it. it going to cost more to fix it in by brand-new. i bought brand-new everything. they accelerated three years worth of purchasing in the last six months of the year.
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then all of a sudden y2k never got a, but the world didn't come to an end. but earnings collapse because all of that purchasing had been accelerated into really 1999. let's go to the terrace. today we've got 10% tariff going at 25% january 1st. there's been a massive amount. we don't know how much gdp growth is real. this is something to be paying attention to is are we going to live y2k only now is chinese tariffs. the ports are congested because so much inventory is being pre-bought. that is something you want to be aware of and union pacific railroad acted out you've got peak earnings. i think that could impact it in 2019. stuart: that's the most circuitous logic. i am buying it. that's very interesting. scotts miracle grow related to marijuana, union pacific because
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it's related to economy strengthen y2k. fascinating. sirius does interesting stuff. see you again soon. >> happy thanksgiving. stuart: yes, sir. ceo mark zuckerberg facing questions about his leadership but he says the state and not going anywhere. roll that tape. / >> you are not stepping down as chairman. >> that's not the plan. >> would anything change that? >> i mean, eventually over time. i'm not going to be doing this forever, but i certainly am not currently thinking that make sense. stuart: mark stein under pressure to leave but is not going to. >> why would he leave? you are treating facebook as if it's a normal business company responding to normal business pressures. it's not. it's something else entirely. he's the kind of evil genius and not sons. a monday night poker game and
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how when hitler and stalin and mussolini are sitting around saying getting people to post their cat videos, why didn't we think of it? i'm making a serious point here. he knows everything about everybody. he knows that while in bantering with you talking about the nice family thanksgiving that in reality tomorrow i'll be hanging upside down in my bondage dungeon. it not -- it's wrong to think of it as a business that's acceptable to normal business pressures. >> you bring a very interesting perspective. pretty good, thank you. my
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>> there's nothing mundane about a dungeon. were going to talk oil. we have another bill in the amount of oil that got in storage for the price of $54. president trump tweeting about oil prices. oil prices getting lower, great. like a big tax cut for america and the world enjoys $54 is just 82. thank you to saudi arabia the let's go lower. gas prices to 61 is your price today. national average down 42 days in a row. check this out. one of our viewers, larry, sent this picture, gas station in berlin, texas where gas is $1.99. next question, does legalized weed lead to higher home values? once that he looked at colorado in housing values increased by 6%. is there a connection? where on it. holiday shopping season could be a real big one.
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maybe 5%. are we looking at a trillion dollars holiday season? maybe. you are watching the third hour of "varney & company." also watching a triple digit modest gain for the dow. at this time tomorrow, you will see those famous the lens heading down six avenue to the macy's thanksgiving day parade. 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.
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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. ♪
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train to the pentagon says will cost $72 million to keep active-duty troops -- and that the border through december 5th team. the president says he will
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deploy as many as 15,000 troops if needed to keep the migrant caravans from getting into our country. adobe analytics tracked online shopping in a big news. stuart: from november 1st through the 20th, $32 billion spent online. but get 164 million people going online to shop, stuart. $24 billion over black friday through cybermonday coming out. this is a record amount of money that we've seen in terms of dollars spent online. stuart: up 16% from last year. amazon is that its website inadvertently disclosed e-mail addresses and names of customers. stuart: yeah, they're saying it's a technical error. we've never seen amazon talk about a data breach ever. to have this floating across this morning as we come into the holiday shopping season.
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>> the holiday shopping season officially underway. i guess friday is expected to be a really big shopping season. sales could be up 4%, maybe 5% from last year. president and ceo of the national retail federation. if we get a 4% sales gain compared to last year, does that qualify as a blowout? >> you would get 4.5, close to 5% it would be extremely good. we had a fabulous year last year, so we're working against very tough columns in that regard. consumers are in an excellent place. we've talked before about the health of the economy, tax reform, regulatory reform, and we are in a really good place. consumers are very confident. stuart: we just got this news from adobe. 16% increase in online sales between november 1st and november 20th. your federation include online
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sellers. you're off to a very good start. >> we are. we measure a little differently. one has a different beginning and end point. holiday sales would grow between 4.3% for 20% and i think i would be bullish that will be on the high end of that range and we will be in the $730 billion. that's november 1. that is all sales online, offline. so we are on track for a great holiday season. added i'll let then you get a trillion dollars worth of retail sales. could it be that good? >> yes. 700 dirty billion dollars for these two months and i'm sure with the kinds of sales and the
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consumers engage with retailers and interaction. we'll have an excellent beginning and i teamed trying to match day, happy guy at the national retail federation. >> happy thanksgiving. stuart: this is a time when we look at the other markets. let's look at bitcoin. 4400 to be precise. price of gold hasn't moved much recently. still around $1200 per ounce. fox con reportedly plans to cut may be 3 billion worth of expenses next year. it's a taiwanese company, the biggest assembler of apple iphone's. earlier this month apple reportedly has told plans for additional production line with the iphone exar appear that's where there's pressure on apple. worries about future sales of iphone. amazon looking to raise the bar against apple when it comes to mobile payments. "wall street journal" says amazon is teaming up with bricks
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and mortar merchants to offer its amazon page digital wallet. amazon hopes to sign up restaurants, gas stations and other businesses that are not direct competitors like retailers. amazon stock up 43. the number one city where packages are taken a mouse. will be back.
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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.
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stuart: we ask you to guess which is number one when it comes to package. according to save lives, the number one city as austin, texas. look at number two with salt lake city. and then we have miami, atlanta. by the way, new york city is the place where you'll be as likely to have your package stolen. nearly 5000 photographers from across the world to their best
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landscape shots. 1200 photographers, 74 countries. you're the top shots. doing toe coming viewer mark, which is the vlan. the most active volcano. liz: that's real? stuart: i've seen it. david thompson shot this from fog rising around the streets in the southern swap of the united states. it is good or great shot. morgan, miles morgan took this at the foothills of mount which in california. trade for photo editing. stuart: a humpback whale with the diaper and calvin yen titled this wave of cloud, taken in taiwan. that's the winner. that's the beauty. reminds me of ansell adams actually. bernie sanders with a plan of his own to lower drug prices.
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patents from drugs that are excessively priced. who decides what is excessively priced? check the big lord of 177. next, meet a man who says the market will go higher in the final six weeks of the year. it's a brave guy buddies got him make his case next. ♪
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stuart: all right, hold onto a gain of 150 points in most of the dow 30 and the green. that means there are. our next guest says the markets are going higher in the final six weeks of the year. sherman with us for lunch where all shares. after all this selling a downside move, a big smile going at the end of the year. take your case, go ahead. stuart: good morning. the thing as profits have been strong. november has been difficult so far. october was certainly horrible. look, oil prices are down. people seem nervous about oil prices at $53. i don't see the problem. rarely do people have a problem with oil prices going down. in terms of the interest rate,
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interest rates are so historically low. the big issue is china and how much is going to be baked into continued trade war with china. certainly profits have been heard because of this for many companies. not all companies. the reason i mop in the stickier is there's a number of companies in the last few weeks of the prices coming down so much. we see companies in some cases of 51.5% on takeover rumors alone. a number of deals now going up. transaction peaked when they went to a minimum in august and september when the market prices were high and now we see a committee picking up again. october, november when it's coming down in some of these stocks are cheap prices relative to where they were a few months ago and they're being acquired a big premiums.
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i see a number of opportunistic fields going on. stuart: because some companies think other people's stock is on the bottom, add a low and you're basing your claim that will end higher on the year because people are saying this is the bottom i'm biting into it. >> i think in many cases the market, look, we will know within the next week whether or not retail sales are going to pot. the profits have certainly benefited consumers and we will see if we have a strong retail. we'll know within a few days. we should see activity going on in january is traditionally a strong month. traditionally we have november, december been terrible and then we have december sales. we'll see if the retail market will be strong. separate from that and profits continue to encourage people to buy. we'll see opportunistic purchases and specific stock and
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prices. stuart: that's what our viewers would really like to hear. as we get toward the end of the year. have a great thanksgiving and we'll see you very soon. i find this fascinating. the study came out of car auto. it found that home values rose at the recreational marijuana with a colitis. another study claims the exact opposite. samantha d. bianchi is with us now. what do you think? you're in the real estate business. would you like to you want to see legalize marijuana, you think an upside move for home prices? >> of course. let's just say it definitely abutting issue. i mean, come on. i've got a throw that out there.
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secondly, home values increased by 6% one study says well another one said that there is no change or actually decrease. do i think it's going to increase values? of course it will because of like an amenity. some of the south florida for the bodies of water, whatever it is. some people move to new york city. people are moving to colorado because marijuana is legal. it's an extra bonus. people are leaving because of it geared stuart: there is another side of the coin that is if you go to colorado, walk around the streets, most of the people there look stoned. not everybody wants to live like that. >> there's a lot of happy people. a whole lot of happy people. that's not a downfall to me. you're telling me it's a downfall people are stoned? people are drunk and do all kinds of things. would much rather be with the person who is higher than the person who's drunk.
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come on, let's take a survey on that. stuart: would you rather be with? a drunk or a stoner, mark steyn? >> well, from a realistic point of view. i was in montreux couple weeks or were they just legalized it. they were saying that it bad if you're making a suburban cul-de-sac in your neighbors are getting rid of a nice little swingset in the beautifully manicured lawn. it is a marijuana patch they're putting in. >> and there will be a greenhouse. >> there you go. there's going to be a timer that's an amenity. i sell a house because the marijuana patch. the day is coming.
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stuart: exhausted the conversation, but you're a very good sport to come on the show into that for us. your starting an amendment to the constitution of florida so you cannot legalized marijuana in miami. it starts with you. >> it would most definitely. stuart: smoke it if you've got it. thank you for joining us. stuart: that was an expression out of england. ashley: think ash and i would be around a drunk and mark steyn. stuart: we've got a friday viewer to the show before thanksgiving. serious stuff. senator sanders, bernie sanders until the new dell, lower drug prices. here's how it worked. if a drug is considered excessively priced, the company that makes it lose loses patent. what you have to say about that?
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>> i think intellectual property fast, which is what this would be and he's a writer, semi-intellectual property is worth less than or whatever, but i would still think this is an abomination. either way, bernie is catching up to my republican senator from the 90s, bob smith of new hampshire who had a similar proposal. at that point i checked out of bob smith. i don't believe the state should be confiscating intellectual property. stuart: i don't see how you decide what's excessively priced. he was a everything is excessively priced. >> there's lots of things wrong with the health care system in the united states. the pharmaceutical industry, which develops these things come its research and development is what separates the u.s. from the rest of the world in a good way. and that's actually the last thing you want to be in the business of destroying.
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stuart: the fda has been approving drugs more and more and faster and faster than ever before. stuart: well done, steyn. >> put down the. stuart: here is something serious. tiger woods and phil mickelson face-off on a one-on-one match in las vegas. the winner gets 9 million. "the guardian" made several side bets. you get a hundred thousand on it. >> e. doubleday so it's 200,000 now. stuart: the money from the side that. it all goes to charity. you've got to pay to see it on tv. individual stocks that are moving. gap may close hundred of underperforming stores. the market likes it. stocks of 3%. politics looking more and more likely that nancy pelosi will be the next house speaker. marcia fudge is backing her, not challenging her.
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if pelosi becomes speaker, what does that mean for your money? were going to tell you. phil murphy says his data setting aside more than 2 million bucks facing deportation. we've got the story. 54 million of us are hitting the road since guys ahead of things getting. the highest level since 2005. on your screen and los angeles, huge traffic. ouch. keep it up there. but we will be back. new client,i start by asking questions like: 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.
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♪ transfer earlier in the show we focused for sec attorney about what the sec is doing about algorithms come or robot trading, high frequency trading take a listen. >> the sec has been looking at recently had a roundtable in september trying to look at the market structure and liquidity impact in the algorithms. but they have been looking at this for years and with the high-frequency trading it's really difficult to find out exactly how the trading that's occurred. what they are looking not in what is the most important thing here is the market berkshire and how the high-frequency traders
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actually impact the market structure and create volatility day-to-day within the day of the trading. step up to the stage here. feeling good about that? let's see- most of you say lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease. jardiance significantly reduces the risk of dying from a cardiovascular event... ...and lowers a1c, with diet and exercise. let's give it another try. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal.
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symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so-what do you think? well i'm definitely thinking differently than i was yesterday. ask your doctor about jardiance- and get to the heart of what matters. stuart: nancy pelosi will do the speaker again. congresswoman marcia fudge has endorsed her, no longer challenging year. larry alder as a pair. nationally syndicated talkshow host from your perch in
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california, tell us what to speaker pelosi need for our money? >> well, it's not good to speaker pelosi is a single-payer person wants to raise taxes on rich people. she wants tuition free. add that altogether it's raising taxes, more regulation and because we have a republican senate and republican president means for the next year is virtually nothing will get done. maybe that's a good thing. stuart: she's going to be the speaker shall propose tax increases probably that they're not going to get through. let's be clear. >> no, they're not. your only rival marcia fudge has taken out of the ring. in 2015 she sent a letter urging leniency for a man who had been convicted of beating his wife. he was a former lawmaker and former judge for 30 years and wrote a letter stating he's never done this before and he assures me he would never do it again. on saturday at the very same man had been arrested in connection
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with killing the now ex-wife. it doesn't look good on marcia fudge resume in a point she took her hat out of the ring. nancy pelosi has a clear shot at being speaker. stuart: i didn't know the background there. thanks for enlightening us. tv shows, movies because of the wildfires. i guess the extensive damage is getting the hollywood, right? >> it really is. i think probably even a bigger factor than the fires is the fact that hollywood uses the deputy from the county sheriff's department and the deputy from the california highway patrol for security production. of course these authorities are now also are because of the fires and because of the feared looting. the security of these productions have been getting is not there. if that's all you it's kind of low priority for people in california. when you look at the camp fire up north, 81 people are dead. a little under 700 peoples are
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missing. people are concerned about the fact westworld has been temporarily shut down. stuart: i hope you unaffected, larry. i was not. although everyone living here is affected by the year. i live on the westside in the air is pretty bad, but all over the whole city. stuart: thanks for joining us. happy thanksgiving to you. here's the story. i live in new jersey and the governor, phil murphy says his state, new jersey, my staple set aside $2 million to defend illegal immigrants facing deportation. what does mark steyn think about that? >> i think it's disgraceful. they're actually privileging illegal aliens, criminals over law-abiding citizens born in this country. one of the horrible things, which they're now making explicit is where bifurcating as a society that the more lawless you are, including this caravan
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that dirty breach to international frontiers, the more the democrats will try to protect and the more government and judges will try to protect you. on the other hand if you're a law-abiding person going about your business, micro-regulation rules, and americans have to shuffle shoeless like a herd of animals and texture of their pumpkin pie attested by the tsa. if it's too moist you can't take it on a plane because in theory you can weapon as the pumpkin pie intake down the plane. i'm a big fan of pumpkin pie, but it's getting worse because it's getting more dried out because your grandma can't take it on the plane unless it's totally dried out. meanwhile, illegal aliens don't have to worry about. stuart: by the way, recently when i flew, i tried to take some guacamole and on the plane.
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it was confiscated. >> you are on the no-fly list forever. stuart: confiscated on the grounds that guacamole as a spreadable pace. [laughter] >> so right. so right. >> it's a dried out pumpkin pie and weapon as guacamole. >> -- the traditional thanksgiving dinner. >> that's pretty good. i've got a story that everyone's going to like good business man, orlando grew up poor. the 26 year in a row, he's giving away 20,000 free thanksgiving meals. he is with us next.
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stuart: for heaven sakes, we spent a fortune on that graphic for thanksgiving. i hate it. the gobbling sound in the
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background. get rid of it, please. now this. put the camera on me. now this. a businessman in orlando along with the restaurant chain giving away 20,000 meals tomorrow. it's the 26th year in a row that he's done this. joining us is eric home, the owner of 33 restaurants in florida. you're a good man. welcome to the program. >> thank you, stuart. got to be here, getting word out about this wonderful thanksgiving feast. we are ready to serve over 20,000 meals tomorrow and you're lando salvation army. it's free to everybody. stuart: i am told to do this because you were born yourself very poor. is that right? >> well, that is right. my mom did the best she could. i'm the youngest of five kid and
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sometimes ends didn't meet in salvation army picked up where she needed some help. it is our pleasure to give back to those they gave to us. stuart: how do you get the people they are? do have the best admin from shelters around town? how do you do it? >> at the combination of things. a lot of our folks are not just homeless. they need a nicely on thanksgiving. we have a shaft driven team here. so the food is all beautifully paired. so they drive. some of them take the bus. also, a lot of outreach where we have to go meals take it up by different organizations and are delivered to people who cannot come down. it's a multipronged day if you will on delivering meals to everybody around the city. stuart: you are doing this in conjunction with the salvation army. are you a christian, sir?
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>> i am a christian. stuart: good for you. >> salvation army is the purest organization i know of. i love the salvation army. stuart: thank you, sir. we appreciate everything you do. i think you're a good man and will be following your progress tomorrow. 20,000 free meals tomorrow. thank you, sir. you tomorrow. now this. some financial relief might be coming for all those people who lost their jobs with toys "r" us closed its doors. we've got some details coming up for you. ♪
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♪ ♪
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♪ ♪ ♪ comfort. what we deliver by delivering. sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ stuart: right before thanksgiving, there may be some financial relief for the people who lost their jobs when toys
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"r" us closed up its doors. liz: it's the same crowd that indebted toys "r" us and caused them to lose their jobs. kkr, they announced a $20 million fund for the 33,000 toys "r" us workers who were laid off. stuart: you're turning your nose up. liz: these are the guys who saddled them with a ton of debt and took out fees along the way, more than $460 by more than one estimate. the toys "r" us workers were upset, lost their jobs. but the hardship fund, is it good enough? who knows? stuart: nicely reported there. right before thanksgiving. okay. i have to ask, what was your favorite story in the last hour that you've been covering with us? >> my favorite story was your hyper political thanksgiving. there's lots of things to give thanks for in america. i'm thankful i'm not going to be at your thanksgiving. stuart: don't do that.
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spare your family. >> i'm all for free speech, too, but the point about free speech is your speech has consequences. you don't want to be sitting there and suddenly get some butternut squash flung in your face because you have been too provocative. stuart: are you an american? >> stuart, just because -- you have become so ostentatiously assimilated, i hope your cousin from the broward county elections board demands a recount of the peas at your thanksgiving dinner. stuart: i noted your commitment to free speech is not to answer the question which i just asked you, which is, are you an american? >> look, i picked up a syrian passport, $1.74. i'm now a legal resident of germany and angela merkel has been putting me through retraining for the last two years and hasn't noticed i haven't turned up at any of the
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classes. we're fine. stuart: that's a no. >> i celebrate thanksgiving. i lived in a very small town, they all said come spend thanksgiving with me. i was very touched by that. then after a couple years, they got to know me, so now i don't get invited anymore. stuart: you can come to my thanksgiving lunch, if you wish, tomorrow. liz: start a fight? stuart: we start early, 12 noon. we don't wait until 3:00. thank you very much for being on the show. you will be anchoring tucker tonight? >> the reason we have dinner early in canada is it frees up guest hosts to come south of the border and host fox shows. it all works out. depends on the canadian economy, highways gue who is guest hosting. stuart: they don't have thanksgiving? >> they do, it comes on indigenous peoples day.
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they should change columbus day to canadian thanksgiving. stuart: thank you for being on the show. good stuff. liz, ash, happy thanksgiving. to all of our viewers, we hope you have a wonderful day. enjoy it, please. our time's up. connell mcshane in for neil today. connell: you are something else. i know the show ends there. happy thanksgiving. enjoy that table. welcome, everybody. i'm connell mcshane, filling in for neil once again. we have a lot to talk about over the next couple of hours. we will stay on the news with the stock rebound that we've seen. think about it, we have a two-day, 947-point plunge in the dow, so we were due for a little bit of a rebound and are seeing that today. oil prices, tech stocks are bouncing back a bit. we do have some signs coming out we will talk about that maybe the fed will proceed with a decemb r

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