>> thanks so much. great show today. thank you for joining us hardest working woman in business. >> thank you. thanks so much. right back at you "varney & company" begins right now. stuart is take it away. i have a busy show ahead. >> you can't be lazy todays that's a fact. good morning maria good morning everybody indeed good morning to everyone. when i say political turmoil at home and abroad that is no exaggeration complete political chaos in britain prime minister theresa may will address the nation in 90 minutes she may be abandoning tomorrow's brexit vote because she knows she can't win. no one knows where this will end. real chaos in france more riots throughout country emmanuel macron president i city is on the line. he speaks this afternoon. the unrest spread to belgium, meanwhile at this timely in financial crisis, and germany's economy has started to shrink remember what happens over there can't affect your money over here. turmoil at home too.

future judiciary committee chair democrat gerald says campaign finance issues are and impeachable offense. and future intelligence committee chair adam shift says the president could be indicted and face jail time after a he leaves office. how's all of this affecting the narcotic? well look at this. we're going to be pretty much flat to slightly lower at the opening bell. early this morning, we're going to be down a couple of hundred point but that has turned around significantly. goes without saying that we have no idea where this market will close this afternoon. i've got the one last one for you. elon musk well does it again. he thumbs his nose at the fec and he does it on "60 minutes." he says, he doesn't respect the regulators and he says nobody has censoredded his twitter account. tesla stock tail this morning is up. what a day. varney company is about to begin.

>> wow with let's get to brexit prime minister theresa may will speak next hour. you will see it here. ashley webster is in london joins us now ashley is she working on a plan b of some kind? >> well you would like think so wouldn't you stew because plan a is going down in flames. we are led to believe she will indeed try to delay the vote which had she goes before the house of commons behind me in about an hour and a half. bottom line stew now questions whether she has authority to do that if the process towards this vote is already begun, and it may take a vote it allow her to go for the delay how embarrassing how politically could it be that she won't be able to delay her vote coming down to defeat we'll see what happens. but plan b we're assuming theresa may will go back to brussels and say hey guys give us a better deal.

give me some crumbs here so that i can take back the britain and get it passed in parliament and let me tell you the eu so far has said sorry, weive given you best deal we're going to give you good luck so a lot of force trading will be going on a little bit of begging i think in many respects. what about the the future of theresa may, will we see a vote of confidence called on her either by her own party or, in fact, by labor leader jeremy corybn chomping at the bit right now to try to get himself into ten downingstreet oh what a mess we have to wait to see how this plays out stuart getting all sorts of interesting comments i was read here, the first minister scotland nicholas accusing theresa may of pathetic coward and jeremy saying this is no longer a functioning government and only monday going to be a very long and probably painful week for theresa may for how it all turns out we don't know stu. become to you. >> in new york what a calm city

this is. [laughter] yes. we'll be back to you shortly thanks ash. thank you. all right let's have a look at futures it is monday morning. a down week last week and a downed friday we're going to be flat to lower first thing today. political turmoil on both sides of the atlantic that's what's beginning on. joining us now, brian west bury chief economist with first trust advisors all right we spelled it all out political turmoil there. political turmoil here your reaction please your statement please how does it affect the stock market? >> yeah so first of all, the political turmoil here ping we have a divided government in the end -- and i cannot imagine that the in thes are going to actually push toward impeachment. i think that's a completely losing strategy. but they may. and it will cause some turmoil what one of the things that i find fascinating that president trump is being really tough on china. and there are a lot of people that give him grief for that.

and then here's the eu being mass i havely vindictive and tough on the u.k. and a lot of people in europe think that's quite all right. so what i find is irony there. >> just add it up. bring it altogether brian. is this market going up from here or down from here? >> i think it is going up from here. and here's the thing. the world, president trump because he's cut corporate tax rates, and he's pushed up tariffs, with he's taken away subsidies that we were providing other countries in other words we remember pushing investment toward other countries accepting imports from other countries, and a lot of that has been changed and this, i believe, is one of the key reasons you have turmoil in europe, france, with italy, germany, with all of those things. also we're now net exporter of oil and that creates a political turmoil in saudi arabia as well.

but we win. our growth is picking up our profits are picking up. and that means our stock market will continue to go up. >> okay i you brian hold on a second i have a counter voice to that you say market goes up added it up you say it is going up. countervoice is with bubba trading, and i think -- you believe that this market is going down from here. down, make your case please. [laughter] >> what a day on varney show i think we're going and we may see a pop here and markets are due in the balance but i think overall you have high per labor cost, you're going to have higher interest is rates you have with less profits, and of all things looked great and everything is on track, you can see that this debt problem all of the other issues that come when markets are when cycle starts to end and about markets end way they rally way they selloff is to me very evident that we're going to be lower and highs are in for quite a while

for now and i would not be surprised to see it down 15 to 25 to 25% next year. >> okay pill get back to todd and brian in just a moment i'm breaking into our market coverage to give you amazon story of the day and what a doozy it is question is are are they losing control of their website? they are indeed cracking down hard on seller scams. lizzy explain it all. >> so they have three million merchants on their had sites so amazon has fired a number of u.s. workers for leaking information about how to operate the system internally. apparent there was an investigation about bribes by u.s. amazon workers to delete negative product reviews let me back up. name of the game if you're selling on amazon is to get your product high in the search room. so what was going on is apparently in china and india rival sells we are coming on and sabotages competitors products how they were saying oh this is

a counterfeit product or saying they were changing photo for products it was -- you know, a jewelry are they made it a spatula or they were flagging it as adult porn so -- what you're doing is what they could do is go into china to represent a wholesale account for 1500 a month and come in and attack, and another rival product on the website. >> so through the back door china 1500 a month a website there and a use are the website to manipulate that competitor products and manipulate the market. and all on amazon. >> other question is this now this story another issue quickly. amazon workers taking bribes to delete negative reviews of products, you know, paid for by seller bribing official. >> i'll get back to markets and let's start with with oil. remember last week, opec and allies agreed to cut production trying to prop up prices. look at it nows. we're down a buck all the way back to 51 dollars per barrel.

maybe opec cut didn't qok. the price of gas, though, continues to fall 242 is the national average and it is down for 61 straight days. back to todd hair wits todd you say that oil is heading down to the 30-dollar range make your case there please. >> stuart i think we're going to the high 30s i think we've seen a dramatic bear market and for months -- continue to hear what a cost to track and 50 is still profitable because they're putting rigs out in field and they're pumping oil you add in that opec with all of their nonsense in way they try to deceive everybody they're going to pop going in after the first of the year they have plenty of supply so a major glut. i think we have a bhearkt in oil and bear market i think that's coming into equity market that all spells 38, 39 and oil at some point next year. >> we hear you todd back to

brian west bury if oil, i would have thought that cheap oil and especially cheap gas are very good for the economy. they are. you know, we -- i look back at this last nine years and it is just amazing. everything is bad. right so when oil prices go up that's a tax hike on consumers and oil prices come down you would think a tax cut on consumers but oh no it means there's a slowing global economy. everything is bad, and it hasn't. the market has gone up well over 200% in last nine years. corporate profits are continues to grow, right now on a forward earnings basis the next 12 months and by the way these are analysts that know wages are going up. they know interest rates are are going up, and they're still predicting 10% growth in corporate profits. and on a forward pe basis markets 14.7 this is a cheap stock market. so the only way we're going to

have a bear market is if we have a recession and there's no recession on the horizon. >> i've got such a jam-packed news day i have to cut everything short. todd, brian both of you thank you very much. that was a good debate maybe you'll come back. check futuressive done a lot to cover here. the futures show -- a modest loss and, i mean, very modest by the way, theresa may she will speak in our next hour. you will see it and hear it on this program. elon musk he goes on "60 minutes" and he says he doesn't respect the fe what are consequences for doing that on 60 minutes? we're on it. arrested huawei executive faces bail hearing china wants her released immediately with no extradition to america. how does that affect trade talks? the 909-day clock is ticking and we have news of a possible break through. in diagnosing cancer, a test that give you answers in 10 minutes. "varney & company" just getting started.

wall street journal is reporting that a court in china has ordered apple to stop selling older iphones there because they infringe are held by call come apple is down qualcomm over 3,000 becomes per coin it is at 3,400 per coin. the price of gold last week was around 12.51 per ounce now 12.50 per ounce. now mueller probe linked it a federal crime. and congressman jerrold nadler incoming chair of the house judiciary committee he is talking impeachment. roll tape. >> well i think with these -- indictments and filings that show is that the president was at the center of a massive fraud several massive frauds against the american people. well they would be impeachable offense whether they are important enough to allow

impeachment is a different question. >> now on top of that, congressman adam shift who will head intelligence the committee there, he's talking about prison time all rise are judge napolitano is with us today if it is campaign finance violations does that rise to the level of high crimes in misdemeanors which you need for impeachment? >> i don't know. but my guess is it does not because high crime and dispeerns have defined in clinton era means a crime equivalent of treason or bribery are that assaults the security of the united states. there's no question that the federal prosecutors pay someone to commit a crime so if you pay me to shot somebody and i shoot them you are as liable as i if you fulled the trigger. if their theory is correct if this happened and they have the evidence three ifs there that donald trump paid michael cohen to perpetrate these campaign finance frauds, then he is as

criminally liable as cohen. will he be indicted? i don't know . is it a basis for impeachment even democrats don't know you heard congressman knadler express he has haddation. baling whole point about impeachment, though, is it is nearly a judicial process but a political process. it is. it would have to go to trial incentive ors house, with and house indict by a simple majority vote. they have the numbers they want to do that. then there's a trial chief justice and justice -- it is not over the senate. it is nonsense i agree, this country will not stand to remove a sitting president from office impeach of get him out because of campaign finance violations. >> i'm going one step further i don't think country would stand for the trial or allegation. they can allege all they want about donald trump. he could even be indicted in new york city. if these career prosecutors not mueller team career prosecutors want to do it. i don't think country would

tolerate serious perfects to remove them from office to do that. >> overboard if democrats go overboard. >>ing themselves politically like it rebound against republicans when is they tried to impeach bill clinton for sex. >> which is why the democrats didn't use the i word at all in the midterms. they're not using it in until after they have that 40 vote cushion in the house. >>for perjury. >> you're light he lied about sex in a civil proceeding it did not materially affect the security of the republicans. >> judge thanks for spelling out freerkt it young man. appreciate it indeed. by the way another huge story here tesla chief elon musk bashing the fec on "60 minutes" last night. roll that tape. >> i want to be clear i do not respect the fec i do not respect them. >> but you're abiding by the settlement aren't you? ments because i respect the justice system. >> well lizzy you spell this out

does that jeopardize his deal with the fec? he called on short seller in richmond commission. this is free speech. however, if he starts tweeting anything that will materially move that stock, the fec could likely file civil contempt charge against elon musk. one more point did he not in that "60 minutes" go on to say that nobody is censoring his twitter feed or rather his twitter account as he was supposed to be sort of censored by the incoming new chair? >> that's okay to say that up until december 28th because teslard boo and company has to put in place a security's lawyer to oversee his tweets. he cannot materially move that stock as he did in the past which is why he was almost kicked out entirely from the company. so watch this. watch elon musk tweets stuart and i have talked about this 900

million bond company will have to pay out in cash if he doesn't keep that stock price tesla doesn't at 359. so he was cheer leading that stock right because he wants to avoid all cash payment so we have to watch his tweet he can not move that stock is regardless. >>look where it is teflon he sas all kinds of things, stock stays right there. smg freedom of speech is not freedom from consequence watch that. >> very profound this morning. must be monday. thanks. >> check that futures market please this is how we're going to open this morning. on wall street, we'll be down about 40 points on the dow 17 down on the nasdaq. we have also the deal with play of the season. they're calling the miracle in miami. wait until you hear and see the whole thing it is really are great stuff.

average miracle play on last play of the game for miami dolphins to beat patriots here it is play by play call roll that tape please. >> will throw it. and this will end it after the -- [inaudible conversations]

miami touchdown! [cheering] champion -- a miracle. >> radio call that was really outrageous. the the dolphins kept their playoff hopes alive prevented patriots from clinching division for at least another week. all right we have two major ride hailing companies über and lyft they're going public in new year. liz, now we are we could get a piece of this huge new industry if we want it. >> you know what nobody saw this coming that one would be filing a ipo with paperwork to fec but über and lyft and i'm telling you stuart you're right. now you can get a piece worldwide phenomenon and growing market doing offshoot of food delivery or electric scooters and right now 120 billion if it goes public on level of mcdonald's and ibm. now it has been posting a lot of

losses but lyft, lyft evaluation at 15 billion so now you can possibly if you can get in there ahead of time ahead of the big shot on wall street to get a piece of this. >> now you have a shot if you want it. the market is going to be down ever so slightly at the opening bell we're off about 40 point for the dow. 12 for the nasdaq. we'll be back. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today.

all right we've got literally eight seconds to go and this market will be off and running this is going to be a very important session. and i caution the way we open is not necessarily the way we close. volatility is still in place. right we're off, we're running and down 30 points that is not a huge selloff by any means down 40, 41, 42, 55, we've got a downside move in the very early going of about one quarter of one percent. let's have a look at s&p 500 do we have a similar story there no we don't only down a fraction. two points down on a 2,600 index down 1.0% hardly a loss at all as for nasdaq down of point even less of a selloff than on s&p so basically, we're dead flat to slightly lower across the board. jeff seeger is with us so too is

elizabeth macdonald this monday morning and yet scott we have him and not forgotten you who can forget it. jeff, our viewers are investors. they're tired of these dramatic swings up and down, when is this going to come to an end? >> if they're tired of them ting they should get used to them because what i've been saying all along is yes market has done -- has done fairly well considering some of the cross winds that we're seeing. but i think we're going to see a selloff, i believe the the market is from 20 to 30% overvalued i think invest trors going to head to the door at once. >> what do you say scott she investors our viewers not happy about this volatility when's it going to stop? >>2019 year volatility here's what i say to this we've had guys saying i want to normalize interest rates right you have a lot of people on your show says you have to normalizering get

become to the way it used to be. guess what you can't normalize one set of data you want to normalize interest rates you have to normalize volatility we're going back to good old days and you have to be good to do this job and not just say by the the dips. >> we're -- you see banner on bottom of the screen there market shrugs off turmoil is that accurate? >> it is. yeah. it is accurate to the point that it is shrugging off political turmoil but the market is very concerned about the fact that yes, we have political turmoil but we also have five major tech stocks is that are no longer considered bullet proof. that is doing a lot of damage. >> so this is a market environment we with haven't seen this a rare event. so you haven't seen it since 2002 king thely trending down if you don't want to catch a falling buzz this is too when had people bring out market cliche but rare when a economy

and earnings are growing only time we saw that in 87 they corrected down. >> down what now we're up nine points there you go so it shrugg off a lot of things here by the way we have new numbers on the the online sales between the beginning of november and december the 6th. they're up 18% i think it is from this time from last year. 18% increase in online sales. 80 billion dollars were spent in that time frame up 13 billion from last year what i'm saying herely we have a very good time for holiday shopping and holiday selling period right now we're in a very strong period. why isn't the market paying attention to that, scott? >> it is in a self-fulfilling prophesy here in a nutshell the market got wrong interest rates and got wrong oil and oil is going to go to 100 bucks barrel and interest rates were going to three or four hike next yore and

away we go. everybody got on wrong side of that boat and then they have to get on other side of the boat and they killed themselves in way out and some folks jumped in on back of that. seeing what was happening in market. they just got trades wrong. but then outside outside world say these are recession their signs these are things that are leading recession down the road and could be a bad sign you know it is not. they have it wrong but doesn't mean it is recession in 2020 so everybody has so sell a roll two big trades wrong and they take advantage of it but got it worse but at the end of the day that's all that's happening here. the fourth quarter especially this december period, this is pretty strong for this economy. >> it is strong, and just to address the online sales yes stock sales up a tremendous amount but you have about 9 million fewer people showed new retail stores so it is not all rosy. there is this demographic shift onis line which is great. but there is still trouble in

brick-and-mortar which i think could recover but here's another factor. credit card debt, credit card defaults are among highest they've been since 2008. there's also highly leverage consumer out there that yes got a great, great tax refund -- tax benefit from the tax cuts, but has spent a lot of that so we have a highly leverage consumer. >> it is a fascinating debate isn't it between bull and bears people who look at the economy versus people who look at the underpinnings of the economies and what have we got dead flat as of this morning dow industrials are what up -- 2 points that's it. >> all of the d.c. turmoil it is not hitting dow at all. not this morning it's not. no. of course it is brexit vote coming up. not the -- let me rephrase that at 10:30 this morning less than hour from now prime minister theresa may goes before parliament national television and says what she's going to do with her plan getting out of the your urine un

is that a plus or minus, scott? >> right now. it is a nothing stuart unfortunately, anywhere you turn with brexit right now, it is not a good outcome. you want to second referendum people who voted democratic are angry if you have yo a second referendum whatever the the outcome, it will be only by a small margin. both sides are are going to be angry about whatever that outcome may be. so right now she's got nowhere to turn. there may be a story out recently that she might delay going to parliament here so we'll see if she goes to brussels age comes back with something that changes a little bit but fortunately right now whatever outcome is not good to everybody but outcome that they have number one will be fine. and number two will be a lot better than staying on european union for 50 years. >> i'm with you on that one scott been with you on that one. nobody knows how this will play out that's an accurate statement nobody knows this. period -- amazon got to talk about them because -- they may put these cashierless

stores in airports the stock is up 16 bucks at 16.48 a great idea. j last week on the show i said i was boycotting the -- the cashless stores. the cashierless stores but as i'm thinking about this in the airport, this is a great, i mean, there's something like 300 million people run through the airport buying stuff. i think the way that i show up at the airport late a lot of times, i can't wait onis line. >> so i'm changing what i said yesterday for the exception of in the it shall >> i'm telling you amazon is almost clear because what happens is people -- spend more money on when they do impulse buying and they're running around and they're paying with credit cards. so they run out the door and not realize aring how much they change. so the credit cards so they to spend more and charge more money for this environment. >> food on planes is is nonpis

taint or awful so where they sell food there's a long line, i would appreciate a cashierless sandwich with shop. >> yeah. and charge you if you forget your phone charger or anything important, and you go in and you're paying 100 dollars for a phone charger. >> that happen to you? [laughter] >> every time. every time i travel. >> scott i know you're in and out of the airports constantly so you think it is a good idea cashierless stores? >> yeah. first i thought about it like jeff and i was worried about how much you're going to be buying with your carry on to keep -- i want to have nothing in my hands right but i think you're right. you're absolutely is right about those food getting on those airplanes i'm not one to talk about food because clearly i don't push myself back from the table that often and i like what jeff said because i have paid 100 dollars for a spare battery for my phone when i had to have it so yes this is a great idea.

you know what back to elizabeth comment too it figuring out a niche place to thut this they think out of their box with a box. >> authorities in japan have indicted carlos former chair of nissan underreported his income didn't say what he was actually making for about five years. there's a wrinkle in this, though, before he was fired, he was thinking of getting rid of a top guy at kneeing san a japanese guy. >> that's when you see somebody trying to consolidate power and living a high as he has with so much real estate, those are all red flags. >> bit of a -- a mess. [laughter] what are you laughing at scott? i heard that. >> my advice to him is join the democratic party in u.s. and irs will never touch them nothing to worry about. >> good one. famous last words right there. [laughter] it is that time i have to say good-bye thanks very much jeff. scott, about guys, thank you

very much indeed much oblige to you. check that big board we're now exactly ten minutes into the session and we're down 24 points. what volatility? at least so far today but wait, today is -- only just beginning. 45 a minutes from now we'll hear from prime minister theresa may, the british prime minister, we expect answers on the intersection rit deal. will it happen and will there be a vote tomorrow yes or no does chef a plan b? we'll find out at 0130 eastern time. you'll see it. google's chief testifies on capitol hill tomorrow. this is all about censoring conservative speech and -- their china search engine which had can be censored by the communists. we're on it. and clock is ticking in the 909-day deadline for trade deal request china. they agree to it ten days ago. and both sides are digging in -- that's next. think your large cap equity fund

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nearly 13 minutes into trading session on monday morning and we've not got much change down 30 points 24,250 wall street journal reporting that a court in china has ordered a a pl to stop selling older iphones there, because they pin fringe on qualcomm patent down on that nose 166 on apple. qualcomm is up 3%. trade, the bail hear aing for the huawei executive set for today china vows severe consequences if that huawei official is not released. joining us now china watcher steven mosher so now a 90 day feared to talk and that's all you got if the huawei situation mocking up the 90-daytime table? >> no i don't think so, with

stuart, in fact, i'll say something that will surprise you i think arrest of meng will actually help fuss to reach a trade agreement with china. it won't undermine it. and i say that because, you know, after 40 years of study elite politics in china, the chinese leadership think in terms of strategic deception they think it cannot possibly be happenstance that at very moment when president xi and president trump are talking trade, the leader of the crown jewel of high-tech and china this woman is arrested. and she's not only the -- only the chief financial officer of huawei by the way also a communist princess and her grandfather was the vice governor of province largest province in china so she comes from a communist dynasty she doesn't think it could be anything but a strategic deception why would they think that? they know that in the united states, we have globalist.

we have nationalist, nationalists want to disengage us from china economy. the nationalist qowld not be unhappy to see that tariffs go up to 25%. and they're determined not to fall into this trap. because they understand that if they fall into that trap, they're going to be a middle income country forever. >> so behind the the scenes, if america exerting pressure on china via huawei executive saying you know, this maybe we could get a deal going here. and maybe you can have the huawei lady back. is that kind of thing going on? >> no, whaing we're seeing here is delinking. the american side you know, robert lighthizer said clearly we're not linking we don't want to link commercial side to it legal side. this is the legal decision to arrest huawei executive on the chinese side they're saying as of this morning that they want to delink it too. the department of commerce, ministry of commerce and china is going full speed ahead with trade negotiations.

the head of the global times a man who two day ago denounce the united states as a despicable rogue country for arresting the huawei executive now says that oh, no we don'tment to upset trade negotiation he held up his apple iphone and said you see we need to keep buying american products so -- i believe that president xi jinping xi seen this as strategic deception to undermine trade talks by certain hardliners in the united states and he's derled not to fall into that trap and he's going to overcompensate by pushing full speed ahead with with trade negotiations it makes agreement more likely rather than less likely as unlikely as that had sounds. >> and there are intense talks going on as we speak and will go on for next two and a half three months this is happening behind the scenes. >> yeah. we've got -- we've got a full court press on both sides to try to reach some

agreement on trade. i think it's -- it's a closest we've been to really bringing in china to the current world order that we've ever been in last 25 years. i think china knows that it is do or die better come to terms with us come to terms with rule of law as far as other arrests we've arrested people for espionage on behalf of the chinese government we're going to try arrest hackerses based in beijing for trying to penetrate american servers this is all good this is an object lesson in how rule of law works for 20 years we've been telling china you have to abide by rule of law. you have to set up courts. you have to enforce the cs. but we with never really did anything. now we're doing something, it is always better to show people how it works than simply to tell them and we're showing china how rule of law works so probably qoangt with like it very much but it is a good object lesson. >> after 909 days do you think we'll get a deal here to avoid -- 25% tariffs on hundreds of billions of dollars worth of

chinese exforts to america. >> okay. i'm not going to give you percentages here stuart but i'm just going to tell you flat out yeah i think there will be a deal. i could be wrong but both of the american side and chinese side want it. so i think we're going to get there. steven thank you very much for being withs us i'm sure we'll see a lot of you in the next three month. thanks for being here today. thank you. let's get to this, the democrats talking about the it shall about raising the minimum wage, and using the strong jobs report as a reason what's this -- tfntle they want to go into 2020 presidential plex saying hey we did raise minimum wage stuck at about $7.25 for a decade california, new york have at what 15 an hour, and it won't get -- passed the senate unless the senate gop is 53 to 47 and likely pass the house. here's the issue -- the republicans in the senate come from states that have already raised minimum wages so had will the republicans try to steal the democrats thunder by

raising the federal minimum wage? because their states already have it? >> you think it is a fair possibility that minimum wage will go up significantly? because it is political interest of both sides. >> that's correct. >> interesting. wonder how market reacts to that. by the way we just taken a turn to the south. literally last couple of minutes we just turned sharply lower. now we're down 107 point, 108, 110 points down for the dow industrials as you can see we're falling as we speak, and at least three quarters of the dow 30 are on the downside what do you say justin tommy okay apple which is sharply lower, accounts for about 22 points of the dow's 120 point decline. coming up next, a possible break through in cancer diagnosis. a ten minute test will be back. now i'm thinking...i'd like to retire early. let's talk about this when we meet next week.

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well look at this, return south we're down over 200 points now. could it be that political turmoil over there in europe and also over here in the united states is political turmoil getting to the market? we'll see about that throughout the show. we're down 225. a little gee wiz medical technology for you with researchers say they have

developed a 10-minute test that can detect the presence of cancer cells anywhere in the human body. dr. marc siegel is here. sounds wonderful. is it real? >> yes. now usually we have a biology lesson here today i'll give you a chemistry they looked at 200 cancer sample under microscope here's what they did they found out that genetic material dna does something that adds a methyl group a chemical experimental group but cancer does it differently. cancer does it in clusters so areas where -- where there's a lot of growth going on cancer is busy doing this. and you know what that explains why cancer cells grow so much. but here's the secret they bound it to gold stuart to gold, the element of gold and they found out they could tell the difference between cancer and

noncancer. 98% of the time. this is very, very promising for a universal blood test for cancer preliminary i believe it i did a lot of reading on it it was in a very, very prominent journal called nature. >> don't we all have cancer cells in our body? right from the get-go virtually isn't that true? >> immune system is constantly screening out tumor cells ever day but discover it -- >> but everybody. >> it wouldn't discover it at the level that you would see if you have an actual cancer. so also differentiates so it can say oh, once you figure out that you have a cancer then you have to try to find out where it is. but by time we're doing mris oftentimes we're too late that's the the problem. a lot of our cancers earlier diagnose it like prostate our bowl way inside you. early warning system. exactly. so off a strong early warning but in australia they have not

finalized it yet. very preliminary it worked 90% of the time in 200 cell typeses. 200 different samples nibble three or five years it is going to be in doctors office you'll have a blood test, doctor siegel will say to you hey, you know what, you better get a further investigation here. i don't like the way it looks and there's clumping going on look at the gold. look at the gold this is a gold test. >> fantastic thank you doctor. >> very prominent publish stuff. >> we love it very much thank you doc seeing l now we're down 190 imposing that same question. is this the reaction to political turmoil in europe and in america? we're going to hear from theresa may very soon, in our next hour actually about 35 minutes away. postponing a vote on brexit in the parliament is that what she's going to to do? and if she does what's the plan b? we're going to find out.

. .

stuart: in this hour you will theresa may address the brittish people about "brexit." there is expectation she will cancel the vote in a last-ditch effort to get better terms. watch it here in 30 minutes. why would the brits want to stay in a europe that is falling apart? it's a sinking ship. why jump back on board as some in britain reportedly want? two, why are democrats pushes to make america more like europe? it's a sinking socialist ship. why abandon capitalism? in britain total political chaos. nobody novembers whether the brits will leave the european, what terms, whether they will end up actually staying.

top judges in europe say, you can stay if you like, "brexit" can be canceled, no penalty. what a mess. the stay people took to the streets in large numbers over the weekend. they're scared of the disruption leaving the eu would create. haven't they seen what is going on across the channel? another financial crisis, italy this time, much bigger than greece? the german economy leading the whole continent towards recession. yes, riots in france and belgium. they demonstrate the sharp edge of chaos. i repeat socialism is not sustainable. that's what is causing europe's slide. next question, what's with america's socialists? why do they want to bring european chaos here? answer, they don't care about prosperity. they care about power. they will drone on about inequality and gin up the jealously factor. they're always angry. tax the rich, that is the mantra. that is exactly what the rioters

in paris are saying over the weekend. at the heart of the turmoil, the collapse of european socialism. with open borders, slumping economies, the writing is on the wall. you can't go on like this. time for moderate democrats here and stand up to retreat from their own left-wing. the second hour of "varney & company" is about to begin. ♪ as you heard me say a moment ago, america and the rest of the world have to deal an unstable europe. general jack keane with us, fox news strategic analyst. general, how do we cope with an unstable europe that can surely affect security and military and economics too? >> yes. certainly. well we have to learn a big lesson happening there too as you pointed out in your monologue. these socialist democracies formed at the end of world war ii are just collapsing

due to their own weight. the problem is, is they have developed welfare states and they have asked their citizens, who are their tax payers to bear the burden of all of that. they are just flat fed up with all of that burden. and that is running all across europe. the other thing is, they opened their borders. they had mass, mass migration with no vetting whatsoever. so you see these leaders in the uk, in germany, in france, their support from their own people is plummeting, because people are fed up. they want political reform. they want an adjustment. they see what happened in the united states. our people had the same feelings about the united states. we're not a welfare state to be sure. also they felt the weight of our government was ignoring them. and not addressing the issues that were concerning them so much, mostly jobs and the economy. and what we do?

we elected a president with no political experience whatsoever. because he was promising one, i'm going to control the border, and two, i'm going to improve the economy so that all boats will rise, people will get back to work. stuart: now we -- >> they are looking at us and seeing that. go ahead. stuart: we have a military alliance with europe. it is called nato. the north atlantic treaty organization, it has been in place since the second world war, several generations. does that stay intact? >> it has to stay intact. one thing that binds them together, every nato meeting, they had just one a few weeks ago, russia's aggression brings europe together under the political and military alliance called nato and that is the one thing that is uniting them together. as long as putin is on the march, intimidating, coercing eastern europe the way he is, up to mischief certainly in the

ukraine, and threatening increased military confrontation, that will bring the europeans together. now what the president has done, and has been very helpful here, is getting them to cough up out of their treasury, appropriate dollars to build a much stronger deterrent in europe militarily. that is beginning to happen. stuart: they, bottom line, general, they need us, big time. they need president trump big time. but they're not going to admit it? >> oh, it has been true, we rescued them from world war ii. this has been a certain amount of ingratitude about all of that. given feckless leadership the europeans display with the exception of the united kingdom. they need america. we're their number one trading partner. they can't survive if russia came across the border without the united states military. they know that. yes, they're tied to us

economically and tied to militarily and tied to us socially. they are a democracy. they struggle with social democracy government that they have for sure but nonetheless, they are free people there and we are tied to them and they're part of our history. stuart: general jack keane, putting everything in perspective, the big picture. we like that. general, thank you very much. appreciate it. >> good talking to you, stuart. stuart: breaking economic news for you. this is about job openings, the jolt report, liz. liz: at historic highs 7.1 million job openings. the number of job openings continueout number the unemployed by a million. americans quit at fastest pace knowing they can get another job. stuart: that is a positive sign. you quit voluntarily i and do better someplace else. strong job market. thanks, liz. greg valliere is with us,

horizon investments chief strategist. greg, that is a very positive jolt report, isn't it? >> that continues to be a very positive story on the economy, a very healthy labor market. i think the wages will improve. that contrasts with some. other negatives. stuart: it could have helped market. we were down 200 when the news came out, now we're down 130, a total pullback. you think that is the case. strong economy. evidence there of that the market recovers? >> i think it will. it has a decent week clinches the deal for the fed next week. why they have to do a quarter point rate hike escapes me. i think we'll get another number like this showing a strong labor market reinforces that likelihood. stuart: i don't think of you as a fed watcher, greg, but in your job you have to be. >> yeah.

stuart: are they going to raise rates this month? >> yeah. because they said they would. if they don't, they will say what what do they know that we don't know? they are committed to this last move. stuart: let me ask you a question. we have the political turmoil in europe, especially britain. we have political turmoil here, talk of impeachment. are those two factors a negative for the stock market? >> it doesn't help. would i say in france, reformer, one, macron ran as a reformer, now people on the left and the right, socialists on both sides of the spectrum saying they don't want any of these reforms. reforming is never easy. that is a problem for macron. as far as here, i still think there are not 67 votes to convict donald trump in the senate. but i do think that the chances of impeachment in the house have improved over the last few days. stuart: but impeachment is a

political decision. >> yes. stuart: frankly i can't see this president being removed from office. >> i can't either. stuart: for campaign violation. i simply can't see that. >> we don't know what else mueller has got, or cohen recorded. i think he has tapes. stuart: that could be a significant event in the political process, right? >> and, but i still don't see 67 votes in the stuart. that is really quick unlikely. stuart: got it, greg valliere, appreciate it. get bag to the big board. this is called volatility. down 200 at 10:00. we had goo jobs numbers. we were minus 1:30. now we have gone back to a minus 178. there is a downside bias today all over again. big check name, check them please. mixed bag. facebook up four bucks. amazon up six bucks. apple down nearly three. they have a problem with the

iphones there. alphabet is up fractionally. microsoft up about a dollar. mixed picture for big techs. overall market is down. check oil. that is significant. down a buck at $51 a barrel despite opec announcing production cuts. 51 on oil. big hour for you, britain prime minister theresa may will speak in 20 minutes. does she have a plan b for "brexit"? we'll find out. the arrested huawei executive heads back to court for a bail hearing today. china is not happening about this they are summoning ambassadors from the u.s. and canada. former canadian ambassador to china. what it means for all the trade talks. look at the big board, we're down 224. right back where we were ten minutes ago. you're watching the second hour of "varney & company".

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stuart: before the break, down 200. after the break down 150. how about that? called volatility. with all that is going on in the stock market, where is gold? down two bucks. now this, the huawei executive who was arrested will be back in court for a bail hearing. china wants her released immediately and absolutely no extradition to the united states. joining us now, david mulroney, former canadian ambassador to china. david, they summoned their ambassadors from the u.s. an canada. we have the bail hearing. china wants her back, no extradition. how does this play out in the trade talks? >> i think both china and the u.s., at the level of their trade negotiators are desperately hoping this will not

derail their talks. for the u.s., i mean trade negotiators want to keep it separate because they're trade negotiators. for china the added impetus, when the deal was discussed between president trump and chinese president xi xinping, it was president xi himself who outlined steps china was willing to take. he invested his personal authority in this. chinese will be very reluctant to see it undermined. stuart: does america have any influence about the bail hearing, whether or not she is extradited to the united states? i could see how america could throw an olive branch, say, we don't want her back, just let the canadian authorities get on with it? >> america has two roles in this. first in terms of the bail hearing they're contributing their own thinking in terms of whether madam menng, the important arrested, is a flight risk. she has not traveled to the

united states in three or four years. which would indicate she is wary of u.s. sanctions and repercussions according to the american side. ultimately the united states has to contribute, make part of the case for extradition before canadian authorities. they are implicated in this. it would be colossally embarrassing if the u.s. said, now that we think about it, she is not that interesting after all. this is a big step taken. stuart: as i understand it intense negotiations between the china and u.s. will take place, will continue to take place for 90 days. mr. light highsers, says, 90 days, you're time is up. no agreement by end of the 90-day period, back go the 25% tariffs. are you hopeful? how do you view the talks and 90-day time period? >> i think everybody wants to be hopeful. but there is a connection what is happening with huawei because at the heart of the allegations

against madam meng and huawei is that the company and china itself once again is acting as a free rider. they're free riding on the iran sanctions both make money by selling equipment to iran allegedly, also so that china can win, score points in the developing world and with countries like iran. at the heart of american confidence in this current negotiation, the trade negotiation is that china is willing to be in the words of robert zoellick, long ago, a responsible stakeholder. these things have a connection at some level. this has to be resolved at some point if we get to a better state of affairs. it's a very big deal. a lot of folks don't necessarily understand huawei's position in china. it is a very big deal. they are ultimate technology company in china. the daughter of the founder has been arrested. that is like an earthquake in chinese corporate politics,

isn't it? >> it is key. the chinese story of, you know, rebuilding their economy and emerging as a global technology power is really the story of huawei which has been tremendously successful in places like new zealand, australia, the uk, canada, elsewhere in europe. it is huge in cell phone markets and huge in telecom infrastructure and madam men ng she is part of corporate royalty in china. that plays out as the talks take place. stuart: by the way, mr. ambassador, japan's top three telecommunications companies, you're nodding your head, say they will not use huawei technology. top three telecoms in japan. big deal. >> japan is the first country in asia to make that move. in the west, canada and britain have been seen as outlyers because they have had relatively more confidence in huawei.

recently the uk has shown a degree of queasiness. they're now reexamining, they said huawei will not play a part in developing the core of the new 5g technology. canada has a decision on this only days or weeks away and now it is coming with this significant cloud over huawei unlikely dissipated before the prime minister of canada has to make this decision. stuart: thank you, mr. ambassador. >> thank you, stuart. stuart: still waiting on theresa may addressing parliament. coming up at 10:00 eastern time. the possibility she delay as vote on "brexit" scheduled for tomorrow. after that we don't know. we covered the explosion of video games a lot on this program. did you know they have their own awards show broadcast nationally. do you know that? which game is the gamer's choice? we're talking about it next.

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stuart: did you know video games have their own awards show? the first gamers choice awards held last night. by the way, a measure of its importance, it was aired nationally on a major network. the awards were based on fan voting. captain rob steinberg, gamer world news host is with us. right to it, what was the best game? >> that is a great question, stuart. by the gamers 'choice awards the best game would go to "fortnite." we had the gamers 'awards said the best game of the year was

"god of war." a game i personally support. a game i really love. fantastic to get -- stuart: the fans voted for "fortnite," that is a game i heard of. but "god of war" won a separate contest. what's that all about? >> sure. so, to sort of break it down, there is two separate award ceremonies. this was the fifth annual gamers awards button by jeff keeley. similar to the oscar kind of thing. where everyone voted via panel. cbs aired nationally for the first year the gamer choice awards. everything voted for by gamers' themselves. "god of war" is action war based game. you take the role of god of war and going through norse mythology with your son. the narrative was incredible. stuart: on left-hand side of the

screen, you might see it, there is a guy with green hair. >> that would be ninja. stuart: that is ninja. he was voted the top gamer, the top player of these games? >> absolutely. so ninja in the gamers' choice award nominated as sort of breakout star of this year. he has been great for the industry. he is very positive. he has a positive message. he is also a fantastic gamer. really nice to see somebody who puts so much work back into the community we love. to find that person get awarded in such a way. stuart: how much does he make? >> see it on national broadcast television. stuart: how much does he make? we're a financial program. we're interested in that kind of thing. how much does ninja make? >> i would say ninja is easily a millionaire. he has been making a significant amount of money since he started. he is one of the top streamers all around, not to mention top streamer when it comes to games like "fortnite."

stuart: i want a dollar number. i will get it one day. captain rob steinberg, thanks for joining us. "god of war." "fortnite," haven't heard of them. that's a joke. i heard of them. >> thank you. stuart: we're awaiting for prime minister theresa may to address parcelment. that is the house of commons. she will address the house of commons. it is supposed to be at 10:30. looks like that will be a him delayed. when she speaks you will hear it. she is expected to delay the "brexit" vote that was supposed to be tomorrow. chaos, believe me. chaos. (indistinguishable muttering) that was awful. why are you so good at this? had a coach in high school.

really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. and all through the house 'twas the night before christmas not a creature was stirring, but everywhere else... there are stores open late for shopping and fun as people seek gifts or even give some. not necessarily wrapped with paper and bows, but gifts of kind deeds, hard work and cold toes. there's magic in the air, on this day, at this time. the world's very much alive at 11:59.

♪ >> yes. all right. liz: nailed it. stuart: at least a month since we had the walrus on for you. one of my favorites. just for a moment. can you imagine coming out with this as a pop song 50 years ago. can you imagine how radical it was 50 years ago? it would be radical now for heaven's sake. liz: seen the title. "i am the walrus." stuart: i love this. britain prime minister theresa may expected to speak any moment on the latest "brexit." ashley webster, our guy, varney type of guy, over there right now. obvious question, ash, is tomorrow's vote delayed? >> well, we certainly think so, but stuart, what is interesting is, all the political maneuvering going on ahead of this. we'll be hearing from the prime minister any minute now. and the question is, how does she propose to delay the vote?

what is the procedure? we've been outlining two or three different scenarios. her opponents are outlining possible countermeasures to all of this. bottom line, this agreement she is trying to sell around the country and in parliament the past week or two just failed. she will fail miserably if it ever got to a vote by some estimates over 200 votes. what is plan b? go back to brussels to renegotiate. the big sticking point is the northern ireland backstop. this is roundly rejected on both sides of the political aisle. the question what can she get from the europeans to come back to parliament with a better deal. the eu said forget about it. we negotiated the best possible deal you can get. as you point out, stu, chaos reins. what happens next? will there be a challenge to mrs. may's leadership either from her own party or from the labour party. jeremy corbyn as i said earlier,

licking his chops with visions getting into 10 downing street. we'll learn more from the prime minister next few minutes, why she is doing this, what she hopes to achieve in renegotiating. stuart: ashley, the one british politician that americans no quite well is boris johnson. >> yes. stuart: he is a flower which kind of guy. very pugnacious kind of fellow. what is his chances becoming the next prime minister? ashley: well, you know, the betting companies over here, they love to put odds on everything. you know that better than anyone, stu. here is the five to one favorite among con curve -- conservatives if there was a leadership change. boris johnson was doing the rounds. he was on bbc. there was a fresh haircut. there is a speculation that he is getting ready to make his run

for number 10. boris has a huge personality. how much unsure he has support within his own party. whether there is enough there to make him prime minister. his name comes up time and again when you talk about a new prime minister or certainly a new leader for the conservative party. stuart: as, as we're waiting, looking at left-hand side of the screen, the house of commons is filling up. the prime minister has not yet appeared. there is hush descended on the commons. that usually implies things are beginning to move. as we wait, i want to bring in keith fitz-gerald, money map investment chief strategist. i want to know the political turmoil going on in europe does it have any impact on our money. >> yes it does, stuart. all the portfolios are linked quite closely by computer we found out last couple weeks and by person. a lot of traders do what is passing the book from one section of the world to the other.

stuart: if there is no vote tomorrow, theresa may goes to the europeans to get ther terms. listen. the proceedings are starting. >> set out the future relationship after we left. listen very careful to what has been said in this chamber and out of it. [shouting] to what has been said in this chamber and out of it by members from all sides. from listening to those views, it is clear while there is broad support for many of the key aspects of the deal on one issue, on one issue the northern ireland backstop there remains widespread and deep concern. as a result if we went ahead and held the vote tomorrow the deal would be rejected by significant -- [shouting] we will therefore defer the vote scheduled for tomorrow and not proceed to divide the house at this time. i set out in my speech opening

the debate last week the reasons why the backstop is a necessary guarranty to the people of northern ireland and why whatever future relationship you want there is no deal available that does not include the backstop. behind all those arguments are some inescapable facts. the fact that northern ireland shares a land border with another sovereign state. the fact that the hard-won peace, the fact that the hard-won peace that has been built in northern ireland over the last two decades has been built around a seamless border. and the fact that "brexit" will create a wholly new situation. on the 30th of march, the northern ireland-ireland border will for the first time become the external frontier of the european union's single market and customs union.

the challenge, the challenge this poses must be met. not with rhetoric but with real and workable solutions. businesses operate across that border. people live their lives crossing and recrossing it every day. i have been there and spoken to some of those people. they do not want their every-day lives to change as a result of the decision we have taken. they do not want a return to our hard border. and if this house cares about preserving our union, it must listen to those people because our union will only endure with their consent. we had hoped that the changes we've secured for the backstop would reassure members that we could never be trapped in it indefinitely. i hope the house will forgive me if i take a moment to remind it of those changes. the customs element of the backstop is now ukwide. it no longer splits our country into two customs territories.

this also means the backstop is now an uncomfortable arrangement for the eu, so they won't want it to come into use or persist for long if it does. both sides are now legally committed to use best endeavors, insuring the backstop is never used. if our new relationship isn't ready we can now choose to extend the implementation period, further reducing the likelihood of the backstop coming into use. if the backstop doesn't ever come into use we don't have to get the new relationship in place to get out of it. alternative arrangements that make use of technology that could be put in place instead. the treaty, the treaty is now clear that the backstop can overly ever be temporary and there is now a termination clause. but i am clear, from what i have heard in this place and from my own conversations that these elements do not offer a sufficient number of colleagues

the reassurance they need. i spoke to a number of eu leaders over the weekend and in advance of the european council i will see my counterparts in other member-states and the leadership council and commission. i will discuss with them the clear concerns this house has expressed. we are also looking closely at new ways of empowering the house of commons to insure any provision for a backstop has democratic legitimacy and to enable the house to place its own obligations on the government. to enable the house to place its own obligations on the government, to ensure that the backstop cannot be in place indefinitely. mr. speaker, having spent the best part of two years pouring over the detail of "brexit," listening to the public ambitions and yes, their fears too, and testing the limits of what the other side is prepared to accept, i'm in absolutely no doubt that this deal is the right one. it honors the result of the

referendum, it -- >> remainder of the statement must be heard. and invite the house to hear it with courtesy and for the avoidance of that, also benefit of those attending to our proceedings, who are not members of the house, i emphasize as per usual i will call everyone, who wants to question the prime minister. but meanwhile, please hear her. the prime minister. >> it honors the result of the referendum. it protects job security and our union but it also represents the very best deal that is actually negotiable with the eu. i believe in it as do many members of this house. i still believe there is a majority to be won in this house in support of it if i can secure additional reassurance on question of the backstop. that is what my focus will be on the days ahead. but mr. speaker, if you take a step back, it is clear this house faces a much more fundamental question.

does this house want to deliver "brexit"? [shouting] and clear message from the fmp, but if the house does, does it want to do so through reaching an agreement with the eu? if the answer is yes, and i believe that is the answer of the majority of this house, then we all have to ask ourselves whether we're prepared to make a compromise because there will be no enduring and successful "brexit" without some compromise on both sides of the debate. many of the most controversial aspects of this deal including the backstop are simply inescapable facts of having a negotiated "brexit." those members who continue to disagree need to shoulder the responsibility of advocating an

alternative solution that can be delivered. and do so and do so without ducking its implications. so if you want a second referendum to overturn the result of the first, be honest that this risks dividing the country again. [shouting] be honest that this risks dividing the country again when as a house we should be striving to bring it back together. if you, if you want to remain part of the single market and the customs union, be open that this would require free movement, rule taking across the economy and ongoing financial contributions. none of which are in my view compatible with the result of the referendum. if you, if you want to leave without a deal, be up front but

in the short term this would cause significant economic damage to parts of our country who can least afford to bear the burden. i do not believe that any of those courses of action command a majority in this house but notwithstanding fact, for as long as we fail to agree a deal, the risk of a accidental no deal increases. so the government, so the government will step up its work in preparation for that potential outcome, and the cabinet will hold further discussions on it this week. the vast majority of us, mr. speaker, accept the result of the referendum and want to leave with a deal. we have a responsibility to discharge if we will in the end we must also will the means. i know that members across the house appreciate how important that responsibility is. and i'm very grateful to all members on this side of the house and a few on the other side too who back the deal and

have spoken up for it. many others, many others i know have been wrestling with their consciousness particularly over the question of the backstop, sees the need to face up to the challenge posed by irish border and genuinely concerned about the consequences. i listen and heard those concerns and i do everything i can to secure possible assurances. if i may conclude, mr. speaker on a bernal note, on the morning after the referendum 2 1/2 years ago i knew we witnessed a defining moment for our democracy. places that didn't get a lot of attention in elections and which did not get much coverage on the news were making their voices heard, saying they wanted things to change. i knew in that moment that parliament had to deliver for them. but of course that doesn't just mean delivering are "brexit." it means working across all areas, building a stronger

economy, improving public services, tackling, tackling, tackling social injustices. to make this a country that truly works for everyone. >> the prime minister must be heard. prime minister. >> tackling social injustices, to make this a country that truly works for everyone. a country where nowhere and nobody is left behind. and these matters are too important to be afterthoughts in our politics. they deserve to be at the center of our thinking, but that can only happen if we get "brexit" done and get it done right. and even though i voted remain, from the moment i took up the responsibility of being prime minister of this great country i've known my duty is to honor the result of that vote and i think just as determined to protect the jobs that put food on the tables of working families, and the security

partnerships, and the security partnerships of keep each one of us safe. that is what this deal does. it gives us control of our borders, our money, our laws. it protects job security and our union. it is the right deal for britain. i'm determined to do all i can to secure the reassurance this is house requires, to get this deal over the line, and deliver for the british people and i commend this statement to the house. >> jeremy corbyn. stuart: that is the end of prime minister -- here is jeremy corbyn, socialist leader of opposition. i want to listen to his question and statement. >> before we met here this afternoon. we're in extremely serious and unprecedented situation. the government has lost control of events and is in complete disarray. it has been evident for weeks that the prime minister's deal did not have the confidence of this house. yet she plowed on regardless

reiterating this is the only deal available. can she be clear with the house -- stuart: that is jeremy corbyn, leader of the labour party. he is a socialist. he clearly does not approve of theresa may's conserve tough government. we heard from theresa may, the prime minister. the vote tomorrow has been delayed, postponed i guess you could say. they were going to vote on her plan to get out of europe. they're not going to vote on it because it would have gone down to crashing defeat. it appears she will be going back to brussels. that is the headquarters of the european union, to try to get better terms and then go back to parliament with those maybe better terms to see if they can get out under the new terms. she asked, as she was concluding her statement, we want, does this parliament want to deliver "brexit"? there was a resounding no from many people in the audience. then she said, does this parliament want to get out of the european union through agreement with the european

union? a resounding yes. she said, you've got to be prepared for compromise. and that's where it was left. keith fitz, come on back in, please, market watcher. as she was speaking the market went south. at one point we were down 300. now we're down 277. why do you think that was happening? >> well it is uncertainty, stuart. you have got a government that is in open disagreement, watching the prime minister deliver her remarks was like watching her speak in a frat house, a barroom brawl, i don't know which. level of disrespects speaks volumes to traders because they know there is nothing they can latch on to financially and i think it risks opening up the bottom on the markets, by disrespect you talk about is pretty common for the british house of commons where it gets brutal when the prime minister is questioned. that is britain's parliamentary democracy. ashley webster, you're our guy there, you were hearing all of this, am i right the delay on

the vote, goes to brussels to get betters terms, that is comes backs again, that is the sequence of events, right, ash? ashley: you got it exactly right, stuart. now official it is delayed. the key issue is this northern ireland backstop and i don't want to get into the weeds because it gets confusing bottom line they don't want to return to the old days of northern ireland and republic of ireland. they are a fully paid up member of the eu they use the euro in northern ireland. a big part of the peace process was keeping the border open. the backstop calls for no deal on "brexit," eu customs will have some say over exchange of trade between northern ireland and the republic of ireland and that is a problem for meese mps. that is what theresa may will have to go back to brussels to make the people of northern

ireland feel comfort and and not hived off with the united kingdom and some customs deal that keeps them in the european union. it is complicated. it's a key issue that theresa may had to ultimately deliver the vote over. she goes back to brussels, as you say, stu, to try to get a better deal on the northern ireland backstop. stuart: that will be very difficult. ash, back to keith fitz. you said that the market had gone down because of uncertainty. spell it out. uncertainty about what? value of dollar. our trade with europe. trade with britain? where is the uncertainty here? >> this is like one of the multiple choice tests, d, all of the above. the financial repercussions, it affects global monetary flow both in and out of this country and in and out of the e.u. as separate party from the united kingdom and britain. stuart: surely, keith, all of this is going on in europe, this

instability, wouldn't the hot money come straight to america, go to our treasury bonds or our stock market? >> well you would think that would be the case but unfortunately as the world has seen we have our own set of troubles here in the united states. in contrast to the past where money would run to bonds we've seen notable selling in the bonds over the last few weeks. i'm not certain that the risk on trade is going to come here. it may to back to the japanese yen. it may go to the swiss franc. the question is what is liquid enough to hold it. stuart: we have with us, brad blakeman, just a moment ago, britain's maybe power party lead -- labour party leader, jeremy corbin, he is a socialist, he was speaking. occurs to me throughout europe not just britain and european union, the problem is socialism is not sustainable in europe. you just can't keep going like this and i think the surely is a message for democrats in

america. don't go down that european road because it is not sustainable. what say you? >> it is not sustainable and thank god we can watch this play out to be a lesson to americans especially democrats who fancy themselves as socialists. i remember a time if you called a democrat a socialist you were defaming them. now they get angry if they don't use term. the whole "brexit" thing playing out in front of our ice, reminds me of the kneel sedakis song, breaking up is hard to do. maybe prime minister of england is getting some breathing room. brussels is watching this play out before their eyes. they know the jam they're in. this has to be settled, northern ireland, republic of ireland need an open border. we cannot have trouble on that front as well. so, look my heart goes out to the brits. they voted for this. it must happen. the question is, how it is going to happen. and there will have to be some pain and compromise on all

sides. stuart: brad, is it not possible for president trump and the united states of america to ride to the rescue? if britain is having a very hard time getting out of the european union or leaves on bad terms which hurts their economy, isn't that an open opportunity for a really good trade deal between the united states and the united kingdom, which could some degree not solve the problem but certainly help the brits and the americans? no. >> no doubt about it. timing is everything. we have to stay out of what is playing out. let them figure their own way out of it. we can come to the rescue if needed. this is their problem to get out of. we can help them but only after they made their deal. stuart: back to keith fitz. now the market is down 320 points. i linked it to the delay on the "brexit" vote and prime minister may's statement moments ago. is that the whole story because we're down 330?

>> certainly most of the story today. your assessment, stuart, in my opinion is absolutely spot on. this uncertainty is going to drive trade and now the computers are going to grab ahold of it and psyche goes right out the window. stuart: you're a trading kind of guy. you're an investor. is there anything you would buy, any stock, any industry, any commodity you would buy with this turmoil going on? >> i am glad you asked, stuart, because for the first time in several weeks the answer is yes. i'm looking at companies like altria, where you have 5.91% dividend. looking at companies like abbvie, a long time favorite of mine, lockheed martin. these companies will not go away no matter what happens with "brexit," no matter what happens with china. we've seen enough bloodletting i am not overly concerned with the selling here. stuart: tell me again what does altria yield in dividend? did you say 5%? >> if my memory is correct, 5.91

as of last night when i looked. stuart: that is kind of thing you find attractive in a volatile time, you get a five or 6% dividend secure? >> you bet. compensation and promise from management they look after shareholders. a lot of companies don't give a you know what about that but this company does. it's a good cash yield in a 2%, 3% world. i'm looking at expectation i will hold it, 15, maybe 20 years or pass it to my children. stuart: ashley webster, standing by right outside of the house of commons there following what is going on inside, what's the mood in britain at the moment? for me from a distance, it looks like the country is totally divided? ashley: you're absolutely right. there is no issue that i can think of during my time here, i'm sure during your time. it has divided families. it has divided communities and house of parliament behind me.

there is no quarter given. theresa may said if we are to get this done we need compromise on both sides. there is a whole saying, stu in british politics, you face the opposition in parliament but the true enemies are behind you. in other words, terry party, "brexiteers" boris johnsons, they don't like the deal period regardless after northern ireland "brexit." they prefer a hard "brexit." get out on march 29th with no deal. work it out as you go along. they say there would be a lot of uncertainty at beginning. boris lobster called it a lobster pot. they are luring you in, you're in a trap and can't get out. and that is the deal theresa may is overing right now. a lot of union jacks, it is an issue that has split the country in half. stuart: you just mentioned boris johnson.

i want to go back to brad blakeman. there is an outside chance that the theresa may will no longer be the prime minister of britain and somebody could take her place and that somebody could be boris johnson, a very colorful character. he is often referred to as the donald trump of great britain. brad blakeman, what do you think, what do you think president trump's response to boris johnson would be? >> i think he would have the same response as with theresa may. what can we do to be helpful? i think if boris johnson were to take over, it was a hard exit i think our country would be ready to assist them in any way possible. it would be a very tough road with a hard break. it may come to that our president is pragmatic. he understands what needs to be done in order to preserve a deal. i think we would be a very good partner for britain if that were to be. stuart: you know i said previously that the democrats are pushing hard left and that they want to make america much

more like europe. you agree with that? >> absolutely. we've seen it with the passing of obamacare. obamacare was the first step in a single-payer system. they saw it, obamacare in order to bring it to a single-payer system. a single-payer system is exactly what europe has. it is not the best system for america t would be a disaster. that is only just the beginning. they want to transfer medicare for everybody, in addition to expanding medicaid, an they also have their eyes on social security. this is something that must be turned back. we should be learning a lesson from our friends overseas. stuart: yes, indeed, keith fitz, you again, please. we're down over 300 points. we continue to fall. if this is all the result of the delayed "brexit" vote in britain, do you think maybe it is an overreaction on the part of our market? >> no, i don't. because now it is not the humans driving it, stuart.

it is computers driving it. we have to bring that in line. the sec is asleep at the switch again with a critical market mechanical component has nothing to do with reality and with fundamentals, believe it or not behind all of this are pretty darn good in this country. stuart: ashley, tell me the scene at the house of parliament? 20 minutes ago we found out the vote has been delayed. what was immediate reaction of the crowd outside? >> i think people expected it, stu, but i think there is frustration, getting anything done on the subject is remarkably difficult. the prime minister has been what now, 18 months trying to negotiate with brussels. the vote itself took place more than two years ago, here we are. where are we? trying to get something sorted out. i think there is a lot of frustration. a lot of people walking by with signs, leave means others say brexit is a bunch as santa locks by holding a sign that says it is,, hopeless mess.

both sides is the problem. i did think was interesting missives may set a second referendum is just not going to work. it's going to further divide the country. the people are to have their vote and if the governments responsibility to see it through. saying and doing it are two very different things. the more things change, the more they stay the same. stuart: actually, thank you very much. you are staying there. you are in there for some time to come. thank you very much to men for being with us this morning. liz: essentially they are really not honoring the will of the people. theresa may had some warning if you voted down, the u.k. could crash out when the negotiating period ends. the market is reacting to that

in the u.k. stays locked in a customs union with the e.u. without i mean off on the roles being made. stuart: here's the news, brexit, devout tamara has been delayed. theresa may may go back to brussels to negotiate new terms. that is the turmoil overseas. here at home, the word impeachment is in the air. the house judiciary committee is talking about it come impeachment. the words indictment and jail terms or in the year two. incoming house intelligence committee chair adam schiff wants both for president trump. very strong stuff. with the mueller report supposedly coming soon ominous indeed. political dynamite, political turmoil. does it affect your money? my answer is a qualified yes. the economy and the stock market will feel the impact. if washington is tied up with the most investigations and it

likely will be, there will be no further progress on tax cutting no further shot in the hamper the economy. the president recommends anyone for top-level job, that person will be subject to endless hearings and holdups. in other words come in the business of governing will be slowed. this political turmoil comes at a bad time because our economic growth rate is slowing. there's no good time for confrontational ugly politics. it is turning voters and investors off. how many people follow these goings-on intimately. how many think the president should be impeached and removed from office because of obscure campaign-finance infractions. only the epileptic trumpeters were going overboard. they are overplaying their hand in doing so will undermine their efforts to raise taxes and bring back regulations. it's going to get very noisy. the media detest this president make out a loud voice.

democrats will use their new dominance of the house to undermine him. they're not going to help the economy or your 401(k), but they may overreach in that will undermine the socialist plans. the third hour of the "varney & company" is about to begin. ♪ what you're looking out of the market stylus based on the turmoil politically overseas. as you've been hearing, theresa may has delayed the vote on britain's exit from the european union. she will try to negotiate better terms. it looks grim. real uncertainty in the air. the dow was down 450 points. 29 of the dow 30 are in the red. fox news contributor scott martin joining us now. first of all it got to refer to

the turmoil over the brexit leave are not thieves. is that with putting this market down 470 points? >> it appears so, stuart because that's been going hand-in-hand with the comments we've been seeing coming out of britain. let's face it the political situation and whether in the u.s. has the lead in their or in europe or the u.k., even china to some degree are in a word fire reappeared when we saw what happened with theresa may and the comments about getting better situation via brexit are renegotiating things, it really looks like a lot of these political situations with all these people don't have their you know what together in the market circuit turn. stuart: is to take uncertainty? or can you tie it down to a specific worry. >> it's a lot of things. a lot of vague uncertainties. look at what's been going on the last couple months. earnings growth has been slowing which as we've talked the market

should've anticipated that because the rates of growth are unsustainable. we have the heat turning up on trump obviously with the mueller investigation nearing completion. we've had trouble with china. the federal reserve which now is in question to even raise rates now and december which is almost a certainty a few weeks ago. the markets are not dealing with the fact is these changes going on. these are normal things that have happened. they happen to becoming a one time enough in the market is a little offkilter. true to its off kilter to the tune of 470 points down almost 500 a moment ago. would you buy anything? is this a symbol to buy something on these huge tips? >> there are some things were starting to nibble on. we believe in industrials from the standpoint of the fact they been so oversold in the last three months, valuations are attractive. values talks are also attractive vis-à-vis their growth counterparts. two other things we've talked

about back before the midterm elections because we were nervous about the outcome and it helped our portfolios. virginia coming u.s. treasury bonds if you can believe it as well as gold. gold is another commodity out there that is helping lower the correlation to equities and bonds market. stuart: that is a flight to safety. thank you very much indeed. we've been talking about political turmoil specifically referencing the birds trying to get out of your eye. we also of course have this political turmoil at home. julie stossel, "wall street journal" editorial board member. i was looking at impeachment here? is this a serious prospect? >> will, stuart, to get there you first have to look at the other side of it. the indictment side because that is why we are here. for 19 months for a special counsel bob mueller chugging along trying to decide if they were to crimes committed and entitled the sentencing documents last week.

the importance of those as there does not seem to be any evidence anywhere of any premises of the solution for structuring. the information we got about colin as there were some more out of reach we've known about but it never came to anything. we know that paul manafort lied to him but it seemed to be about his underlying crimes. no pollution, no obstruction, which gets your point, why were some of the things put into these memos. it almost looks like a roadmap for democrats if they want to go down the impeachment road. the trade throughout the broad statement that this country is not ready to remove a president from office for skewer campaign-finance irregularities. i just don't think that's going to happen. the democrats tried it will rebound negatively on them. what you say? >> i fundamentally agree. campaign finance violations are almost always dealt with in a civil fashion, not a criminal

fashion. to the extent the justice department even tried it, and 20 told they tried to go after john edwards for a very similar situation. so much trouble in court that they dropped the charges. that's what they mean about the political nature of this. why did the southern prosecutor even bother to go to the point of naming president trump. the justice department is it going to file charges against him. seems to be a set up out there to allow the political system to instead deal with it from impeachment front but it is not serious grounds with which to take out the president. stuart: you about almost everybody else follow this more closely. the details of who met who and when inside why. you followed it all the way down the line. what occurs to me as where's hillary clinton and all this why no huge investigation of her?

>> well, again, the fbi went and looked at her. we just had comey testified last week. they seem unable to remember any key details about the investigation and what followed into the trump campaign. so we didn't get a lot of new information there. hillary clinton for not having done the first good job and there are claims that this is now the new trump administration going after a former political opponent. stuart: yes, it really is. thank you for joining us today. we appreciate it. the dow was down 444 points. the slide began the moment we found out to reason they would delay the vote on britain's exit

from europe scheduled for tomorrow. the big slide started -- a trend for the u.k. will crash into the european union car march. stuart: that's the fear, got it. we've got a hearing for the huawei executives held again today. china says severe consequences if meng wanzhou is not released. absolutely not sent back to america. china does not want her extradited to america at all. the issue could affect trade talks with china. remember the two countries have a 90 day deadline to reach a deal. i guess that's another negative for the market. you saw it here live. prime minister teresa may delay the parliamentary vote on the brexit deal. watch this. >> does this house want to deliver brexit? stuart: they can get rowdy over there. after that, the chaos in europe

continues. italy facing a financial crisis. for his reeling from violent protests. i say this is all because of the unsustainability of socialism in europe. the clock ticking on the 90 day deadline for a trade deal with china. they agree to a 10 days ago, both sides digging in. this is the third hour of "varney & company." your roof struggles to support the heavier me. crash! and your cut-rate insurance might not pay for this. so get allstate, you could save money and be better protected from mayhem like me. mayhem is everywhere. so get an allstate agent. are you in good hands?

stuart: couples looking to divorce are rushing to get it done before the end of the year. that's kind of a left turn when the market goes south like this. this is because alimony will no longer be tax-deductible starting january the first. the change is part of president trump's tax law. lawyers say the provision will shrink the amount of money available for this split up households because taxes will rise significantly for the

spouse making the alimony payment. in health care committee were people signing up for obamacare. enrollment for 2019 down 11% compared to this point last year. the individual mandate is saturday. the incoming head of the house judiciary committee is talking about the possible impeachment of president trump. roll that tape. >> i think with these indictments in filings show that the president had several massive frauds against the american people. they would be impeachable offenses whether they are important enough to justify impeachment is a different question. stuart: republicans than congressman is the house of the judiciary committee. what can we do to stop impeachment proceedings in the judiciary committee? you're the minority starting in

january. >> we are in the minority, but what we can do is hold democrats to a high standard. i am hurt a little bit by what incoming chairman nadler said they understand in his own words this would wreck the country apart if we engage in the impeachment process unnecessarily and when it's not warranted. so far we've not seen anything that would warrant out at all. and make sure they don't fire the country and not when it's not warranted. stuart: i think it will be a step too far. the idea of america would withdraw and remove a sitting president from office on the grounds that he or she or any president made some bad stuff about the campaign-finance is simply out of the question. frankly i think to propose that, to go out there and attempt to impeach this president would not fire very badly on the democrats . >> i think the leaders of the

democrats recognize that. they will proceed cautiously. i certainly hope they will. it would not behoove anyone, not the economy, the country, people in any side of the aisle to my the country for the next couple years. the prosecutors looking into the cement hot and have not accused the president of any violation of a crime. as he noted the campaign-finance laws have mens rea appear just as knowledge to are doing is violating the law. there is no evidence the president did a personality did engage in any of this. there's so much, so far to go before it would reach an impeachable offense i just had he not. stuart: tamari run the additional committee. there were two issues that i see here. number one the censorship of conservative opinion by google and number two, their attempt to establish a search engine for china, which the chinese authorities could be used to censor all the population.

are you going to ask about either of those two subjects? >> both of those subjects and more. and they are hearing tomorrow is our very commander important questions, stuart. effectively the search engine commend the internet or the free marketplace of ideas and in this country recognize public places as. but now the internet, online community is where that happens. we can't have private companies censoring the information, pushing political agendas are suppressing viewpoint they disagree with. the evidence shows that is what is happening. i'm a limited government guy. i'm for free speech and individual liberty. i don't want the governments regulating industries unnecessarily but they have to self regulate. the ceo google have to tell us what is going to do to fix it. stuart: thank you very much. very important stuff.

not to be overshadowed by what's going on in the market right now. let me check oil for you down today 1 dollar it still is $51 despite opec agreed to cut production. tracer gas still coming down. 242 is the national average down 61 days in a row. look at that bitcoin, please pick markets heading south but bitcoin is 3400. gold, a true selloff in the stock market. now show everybody please the dow industrials because we are down almost 500 points. you check they sent you may see down 500 s. were speaking. this is virtually below the session down 2% after teresa may delay the vote on brexit, which was scheduled for tomorrow. that sent the market heading south. ashley webster is with us from london.

we'll take a break, is that correct? nigel farage after this break. hi.i just wanted to tell you that chevy won a j.d.power dependability award for its midsize car-the chevy malibu. i forgot. chevy also won a j.d. power dependability award for its light-duty truck the chevy silverado. oh, and since the chevy equinox and traverse also won

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

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with us. come on into this, please. we in america saw the delay on the boat. we understand teresa may goes to brussels to try to get better terms yet how does this play out? >> not well. two things to say. number one, she said today that when she became prime minister she thought it was her duty to deliver brexit. judy isn't good enough. you have to believe in is to make it happen. secondly, the big problem means we could be stuck indefinitely inside the european union rules. she says she'll go to brussels on thursday to the european summit with all the 27 leaders of europe and she will seek assurances and reassurances the deal won't be permanent, but not change the legal document itself. that means this deal is dead and very, very near it then.

stuart: how does that play out if she's no longer going to be the prime minister? what happens? is there a vote of no-confidence in parliament? is there a general election? what happens? >> i don't see a general election being very high. to support a general election is like to vote for thanksgiving day. that isn't going to happen. i want to see it carried out. a new conservative leader that leads in what we were doing could just about deliver it. time is running out. here's the irony. those that want to reject this deal and i'm one of them, risk article l, but they relieved the european been delayed. we had a difficult juncture. stuart: nigel farage, thank you

for talking over the commentary in the background there. thank you. the market down nearly 500 points for the dow jones industrial average in the brexit deal or no deal is at the heart of the selloff. more "varney" after this. ♪ moving? that's harder now because of psoriatic arthritis. but you're still moved by moments like this. don't let psoriatic arthritis take them away. taltz reduces joint pain and stiffness and helps stop the progression of joint damage. for people with moderate to severe psoriasis, 90% saw significant improvement. taltz even gives you a chance at completely clear skin. don't use if you're allergic to taltz. before starting, you should be checked for tuberculosis.

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stuart: the vote in britain's parliament schedule bowl tomorrow about leaving the european union has been postponed. that has upset our stock market over here. right now we are down 460 points. that's the best part of a 2% drop. back below 24,000. look at the s&p. down about the same amount 1.6%. significant selloff. not that come the home of all the technology stocks, where is that this morning? it is down a lot less in the dow and the s&p down 1%, not 2%. apple, and a chinese court audited to stop selling older iphone's over there because they say it infringed on to cut is held by qualcomm.

apple is down 2%. that to the overall market in sharp decline because of walking away from the vote on brexit tomorrow. financial advisor and senior vice president at morgan stanley. you have to give advice to our viewers. what are you doing the dow was down 400 points. >> of 300% run. volatility is normal. i took my client, plan with your clients. i love planning. people have to stay focused. you'll have volatility but we'll get through it. stuart: don't sell, don't panic. >> we can control global events. we cannot control the news that happens today. things will get back. stuart: and picking up on the expression. this is a temporary dip will come back strong from the other

side? >> i can't predict dips, but in the long term the economy is good in things will come back at a certain period of time. didn't they? sure into our viewers are not daytime traders. they are longer-term investors and you've got that message do not panic. >> do not panic. stuart: got it. i want to ask you about charitable giving. i'm told you're forecasting that charitable giving this year is going to be down and it's because of the tax reform deal. take me through it. >> they raise the standard deduction to 12,000 for single people, 24,000 for married hear people who are giving to charity begins at figure 5000 to charity, they are getting nothing. they should talk to their accountant, but there's these great vehicles up or which i'm

advising people to consider doing to help with that. stuart: that's what they hope that the standard deduction. but suppose you don't want to take the standard deduction. you could get 25,000 to $50,000. the money grows in an account by the way and you have your entire lifetime to multiple charities. something happens to it goes to your spouse. a set of 5,005,000 getting no benefit, why not give 25,000, 50,000 years or even appreciated stock to 300% since lehman brothers. there's some appreciated stock out there. stuart: i've got to write this down. donor advised fund. is it only morgan stanley? >> is a 501(c)(3) tax-exempt vehicle. once you put in the vehicle it's not your money anymore. you get the deduction that you

control the account. i think it's much more simple. stuart: you can put a ton of money and now and get the deduction for this year as you see fit. >> you can take the money and put in the market and it can grow. it's incredible. stuart: at december 9th or 10th year coming to me and we've got 21 days left in the whole year? >> will figure it out together. jonathan birkin, morgan stanley guy. advised funds. that is interesting. thank you very much indeed. now this. you will be able to invest into major right healing companies next year. they are uber and lyft paper to

go public can invest in those companies. you can't at the moment that maybe next year can. they are competing for drivers and lift lost about 250 million. if you want a piece of the action, you can get in. several other well-known companies are expected to go public, too. they are in our screen right now. they include air bab. that will be gigantic. new industries, new deals. quite a few actually. according to adobe analytics, a record $80 billion was spent online between the start of your enemy and the last weekend an increase year-over-year. the biggest online in america and the masters record a total

of $13 billion. online is very. a couple of amazon stories for you. they want to open cashier list stores inside airports around the world. amazon scouting terminals to see which could handle the high-tech stores. second, amazon cracking down on scammers on its website. i'm a simple guy. explain, please. transfer the scammers are coming onto sabotage them. so what they were doing is this is to get the products that come up on your search on amazon. so they are basically mean hey, this is a counterfeit product when it was in. changing in making and a spatula or flogging it to amazon. they are also now, amazon has fired workers in the u.s. we don't know why, but they were

possibly bribes taken might amazon workers to get negative reviews deleted off of a seller site. amazon is a hardball. if we find that actors, we will take swift action against them including terminating reviews. look at the final point in taking legal action. amazon is now playing hard all. stuart: that's a separate story. amazon employees leaking information about certain products and sabotaging. transfer that a separate, amazon workers leaking. they could be taking bribes as well. what amazon found on the site with another bad behavior by sellers -- other source products. stuart: an overall very much downmarket. tesla's chief, elon musk went

right after the sec in a new interview on 60 minutes. roll tape. >> i'm going to be clear i do not respect the sec. i do not respect them. >> you are abiding by the settlements, aren't you? >> i respect the justice system. could his deal with the sec be upset? stuart: not now as of right now. this is free speech. again, free speech does not mean you're free from consequence. he cannot make materially fraudulent comments on his twitter account. you just can't. you can bet the bottom dollar they are watching us and they would file a civil complaint against them. here's the thing, december december 28th tesla has to have this voyeur overseeing his tweets to make sure he's not misstating or misleading investors at all. by december 28.

that'll happen. as of right now he still can't do that. he can't materially mislead investors on a twitter account. stuart: the stock in downmarket is unchanged at 357. >> he can say whatever he wants about the sec. stuart: but they're not going to like it. stuart: prosecutors in japan indicted. he's accused of underreporting his compensation on financial reports for five years. he'd been hauled in a tokyo jail for about three weeks. big news of the day, britain's prime minister theresa may on her break the deal. nigel farage just told us this does not end well. chaos in europe continues. facing a financial crisis in reeling from violent protests. i say this is all because of socialism over there. not sustainable. turmoil there is affecting your

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stuart: no longer the lows of the day. theresa may may delay the vote getting out of the european union. she's going to have the brussels later this week apparently to get a slightly better term. ashley webster live for us in london. spell it out. how does this thing play out? were we going next? ashley: well, as you just said, the european union holding a summit on thursday and friday of this week and mrs. may will go there. choose brexit negotiator is already there at the brussels headquarters trying to lay the ground to get at least some concessions that will be enough to get her deal through a vote

of the members of parliament, but it's not going to be an easy road by any means. i have a feeling that i don't have anything to base this on, but i have a feeling the opposition parties, liberal democrats in the scottish nationalists already calling for a vote of confidence that will come down to labor leader jeremy corbyn being pushed very hard to make that move. he could indeed call for a vote of confidence on mrs. may in her government and its echoes forward and mrs. may loses, the labor party would have to go had and if they don't manage that, in this country is headed to a general election sometime early next year in the issue of brexit will continue to remain up in the air. for now, that hasn't happened in theresa may will have the brussels. the words we've seen so far for the european officials have not been encouraging at all. from top to bottom they said we've negotiated. you're not going to get anything else. and political future very much

cloudy to say the least. stuart: ashley i have no clue how this works out. most people don't either. ashley webster force in london. he'll be there for a while. brexit isn't the only problem european space. riots in france, a jet fighter of monumental proportions in italy. the german economy slowing down. common, jim's cure found out that the heritage foundation. it's chaos in europe. we've all got bad. here's my opinion. i think it's caused by socialism, which is not sustainable. i'm being dramatic. what say you. >> enough, i think that's a fair point. the results in france are not antisocial as. they are actually -- riots by people who want something for nothing and they're complaining.

in this case they've got a legitimate issue that tax hikes are ridiculous. typically in france the labor unions are the streets and they like the system but it's not sustainable. there is a thread that goes through all of this. it is fundamentally the european problems from brexit all the way through italy and our lack of economic freedom, lack of governments really deliver a come a lack of lack of real economic growth because we're not letting the market for chimera. stuart: absolutely, james. what is the solution here? all i see is a spiraling down and it will be made worse as europe heads towards a complete slowdown and maybe recession. >> may be the europeans will follow winston churchill. americans always do the right thing after they've exhausted every other possible option. the future of europe is not sustainable at the current rate,

but this is where i am optimistic. i do think this popular strain has broken the hold of the elites on europe in their space there to work. as long as the united states is committed to the transatlantic relationship from a security event from an economic good, we can see europe through the troubled times and i can see economic freedom, the lights coming out on the backend because europe will have no other alternative if it wants to move forward. stuart: tell me about brexit appeared when the vote was delayed we got that news an hour and a half ago. our stock market headed straight down south. what is the problem with the brexit boat in our market? show us the link. >> will come i'm not going to sit here and try to explain. it's nuts. it's almost like find the bad news so i can go down because people are going.

i don't think there is a realistic link their way the american market with ahmed. markets don't like uncertainty. they certainly don't like global uncertainty. of few things more uncertain than the future of the british government. so that is fair. i don't think it's a responsible reaction by the market. stuart: all i'm going to say is i'm very thankful that i am here, new york city. thank you for joining us, sir. you've got a lot of work to do with us in the near future. look at the market now. we've come back a bit, not that much. still down about 360. arlo was a minus 500. still up to the tune of 125%. google's chief will testify on capitol hill tomorrow. this is all about censoring conservatives and that china search engine. next we will talk about cybersecurity for the trump campaign. he says a lot of explaining to

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true to google's chief will

testify in front to house judiciary committee tomorrow. he will face questions about google's work on a censored search engine especially for china. dear member of google's old slogan, and don't be evil. now it is do the right thing. they sold 10 with the salt and interactive group says google has not been doing the right thing. welcome to the show, oz. >> good to see you, stuart. stuart: to me it's too big -- big brother. i don't think they should have anything to do with censoring a billion chinese folks. >> its bigger brother. we've got three problems here. google won't work. but they will work with the chinese to not only sensor, but help them collect data on chinese citizens. this prize into the chinese writing system they have for everybody in the country where they could stop you from flying. they are really creating one of the orwellian 1984.

stuart: that's what it reminded me a tiered really big rather. however, what can the judiciary committee do about this? if it takes a negative view out of a come you're doing the wrong thing. what can you do? >> we are looking back to the 1930s and 40s to standard oil. google has so many diversified antitrust regulations come into play. stuart: do you think it could apply to google? >> europeans are ready trying to do that right now with facebook. google will come into the same situation when it comes in front of congress. china has a lot of explaining to do here. >> you think there will be a move to break them up? >> the opportunity could be there. if google doesn't start changing practices to be a little more american friendly. not creating technology like huawei, and their seed off i was just arrested in canada.

the american people have to release all four. they've really got american confidence that got us all four. stuart: okay, i understand if they go through the search engine in china, it's a means of oppression, means a big brother. look at surveilling a billion people. what are they doing with their search engine in the united states because i use it, you probably use it. a lot of people use it. >> first of all incognito mode they're still collecting data on the use of our products. there was no real way to shut things off. one of the things they are looking at now with the injury bill, not the iphone bill, but your latest android phone is they are going to start collecting your phone data forcibly in terms of the calls you make off of the device. stuart: i don't like that at all. >> whited a major confirmation? >> the other day i got a call from somebody in india who had been obviously reading my gmail about a medical problem and was

opting to solve it. what the doubles going on? >> all of your e-mail data is searched if you're using a gmail and they sell the data off. if it looks like you might be interested in buying one of 100 different products, there's different advertisers out there that can offer that to you and that is part and parcel to the problem. stuart: you are really good at explaining things in simple terms. we like that. oz sultan, everyone, you're all right. breaking news from france. president macron will talk to the whole nation. he will offer a tax cut in more subsidies to low-income families. announcing the gas tax increase. he will speak at 2:00 p.m. eastern time. fox is missal carry it live. video games a lot in this program. question, which game is a fan

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sometimes fatal crises can occur. the most common side effect is bone and muscle ache. ask your doctor about neulasta onpro. pay no more than $5 per dose with copay card. stuart: the first gamers' choice awards ceremony held yesterday. by the way it was on cbs that tells you how big of a deal it was. fortnight won five awards including fan favorite of the year. it was "fortnite." super mario brothers won fan favorite retro game. no surprise there is. i remember when everybody was doing that. look at claiming stocks. this is gigantic global business. interactive videogames stocks a mixed picture. this is an overall big-time down day. look at it. down 400 points.

volatile all day long. we were at down 500. then we were down 300. we're minus 400. we're all over the place following delay of "brexit" vote in britain's parliament as of tomorrow. what a mess. neil cavuto it is yours, sir. neil: thank you, stuart, very, very much. we'll follow the "brexit" vote when it occurs if it occurs. the whole world is a mess. that is roiling everyone an everything. welcome, i'm neil cavuto. you're watching "coast to coast" i want to thank david asman and connell mcshane in my sudden absence. i always appreciate that. decides what is going on in britain. we're about two hours away from hearing from emannuel macron to address the riots. he is going to, i don't know what french is for humble pie but he is