tv Varney Company FOX Business December 12, 2018 9:00am-12:00pm EST
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>> great show everybody thank you so much for being here. >> you rock. >> hardest working woman on television. go-sees the day everybody. "varney & company" begins right now. >> ceasing as we speak good morning everyone. be careful. the way the market opens may not be the way the market closes. bear that in mind when you look at this -- it is an early morning wednesday rally. big one. dow industrials going to go up about 300 points the the nasdaq up one and a half percent and here's the reason for this rally. "the wall street journal" says china is willing to increase access for foreign companies in china. that brought futures up another notch higher. so now we're up 300 points. we also have these headlines for you. prime minister theresa may will face a no-confidence vote four hour it is from now. if she loses she's out. she say she will fight.
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after the vote she's still scheduled to head for another euro summit pleading for according to the book prime minister is odds on favorite to keep her job. a true outis rage in france a gunman shot up a christmas market killing three. he's identified as sherif as he attacked a christian symbol he shouted god is great in arabic on the loose but believed to be wounded it is yet another crisis for a very divided europe. in a moment, you will see something rare in american politics. the two sides arguing face-to-face on camera. don't you love it? varney"varney & company" is abot about to begin. ♪ >> and i don't to do what you
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did. many time use called for i will shut down government if i don't get my -- >> you said it. you want to -- >> i'll take it. okay, good you know what i'll say, yes. if we don't get what we want one way or another through anything you want to call i will shut down the government. and pim proud and i'll tell you what. i am proud to shut down the government for border security chuck because the people of this country don't want criminals and people that have flouts of problems and drug ares pouring into our countrily take mantle and shut it down. i won't blame you for it last time you shut it down it didn't work. i will shut it down and i will shut it down for border security. >> must see television that was a very short excerpt from white house meeting 17 minutes of it by the way on camera are out in the open. transparency political give and take. yeah, i love that kind of stuff.
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the president is talking about it this morning. here we go. the in thes and president obama gave iran 150 billion dollars and got nothing. they can't give $5 billion for national security and a wall? joining us now foxnews.com columnist liz peek. >> it was something. >> i loved it. reminds me of the house of commons. >> it does it look i think president trump really scored some points by sticking to his guns saying this is about national security, and frankly taking the blame for a possible partial government shutdown if that actually comes to pass, he will have done to for a purpose. chuck schumer looked like someone playing politics and snotty about -- dismissing the fact that the president had had one indiana, north dakota, for example, the senate races there, saying you know when a president boasts about that he's in trouble. i don't think citizens of indiana and north dakota are going to take that line down.
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i also thought it was interesting that, chuck schumer an nancy pelosi kept saying let's get the reporters out of the room. trump wanted them there and he was the person at the end of the day, about kind of came across as standing up for something he believes in and by the way, that most americans believe in -- particularly after a the whole caravan standoff at border. so yeah, i thought actually as -- >> i thought politically he won the the exchange. >> exactly that. i would rather see a discussion of policy and diversity visa thingses to talk about but this was something that -- i thought went well for the president. >> stay there liz i got for you keep that smile. let's stay on this possible shutdown. and focus on how it would relate to your money. here's jaime cox with harris financial group jaime qk to the program let's suppose we get a shutdown let's suppose we do. government shutdown what does that do for the stock market? >> well you know stuart, the last time the government
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shutdown in december was 1987. and in last five times government has gone up so investors are very aware of what to do in a shut down and important for you to recognize that date shows and continuing resolution was done on purpose. that the december 21st is the weekend or friday before christmas that government was going to be largely shutdown anyway so it is an absolute -- it is a nothing for markets , in fact, i expect bit time the shutdown is over market would be higher. the market shutdown government shutdown is three or 4% in -- more importantly than that, in shutdowns in the past, they've actually included a more important point which is a debt ceiling problem. this one doesn't include that so it is really a nothing -- stay there please i have got more for you but i want to deal with a story that's breaking today that would be the no confidence vote that theresa may faces. her job is on the line. so let's go to ashley webster in lon door or for us first
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question ash when is is the vote and when do we get results? >> the vote will be just about powrp hourses from now, stuart. and then by between 6 and 8 p.m. local time one to 3 p.m. eastern, 315 conservative party members will cast their ballot mrs. may needs a minimum of 158 votes to survive as you pointed out bookmakers is going to survives, sky news reporting that already more than 158 conservatives they will backup but they can say in public they'll back up but what they do in private we don't know because ballots are indeed private but we should know by 4 p.m. eastern whether she is -- >> that's when we might get headline to affect the market but want to know what happens if theresa may loses this vote? >> she has to resign immediately and then process to find her
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replacement two or three month bus because of that fast track to get down to two candidates before christmas and then some time in early new year try to find that one candidate qhol then try to carry on with the brexit deal but a real livelihood that brexit itself could be pushed back. delayed because of the new leadership. >> yeah that was my question. what happens to brexit with this mess that's going on. i mean, it is pushback or is it abandoned or is it a total mess and you -- nobody has a clue where it is going. [laughter] >> all of the above stug. but yeah there's a real livelihood someone brand new comes in they have to go back to square one, and you can't really do that within time frame of that march 29th deadline of next yore and could be seeing pushback maybe 6 months i have to tell you parts of the conservative party say hey we're happy to crash out on march 29th we can figure out a deal after then arrangements can be made and part of the reason conservatives are split half of them say let's just go.
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other half say no. we need a deal. the problem is mrs. may can't get a deal or anyone for that matter that everyone can agree on. >> i think you're stuck in lon door for some time ash that's the way it goes. that's the news business. see you in a couple. ash quick point from liz. >> that is illegal to fault crashing out by law u.k. does crash out unless parliament passes a new law. so you know, this could be a waste of time in picking new lead or e three months away from that deadline. >> odds are she keeps that job. what book saying, dow jones industrial average had five straight days of 500 swing during any given trade day that's called volatility isn't it. back to jaime cox watcher a headline driven market and headline this morning is from wall street journal that china will open up access to foreign companies, going into china. that's the headline that's moving the market this morning.
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is that right, jaime? >> absolutely it has been that way for several months. i mean, trade and tariffs is basically the only thing that market is paying attention to. if you tell me direction of trade with china i can tell you direction of the market that's why you see this back and fort like -- cfo of huawei arrested and market goes down or you see apple being, you know, unable to sell its phone in china and it drops. this is it shall this is the ultimate level of crazy but it is necessary. this is something that has needed to be done for a very long time you know people in america investors retail investors i speak to say they're pling to give the president a chance because nothing has been done for so long. and they want to be involved in the solution. so they're willing to take the volatility in stride knowing there's a brighter side that there's better days heated, if we can get the trade balance right with china. everybody know it is that they take advantage of us on trade they take advantage of us with cybersecurity. we've got to get that fixed and
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i think investors are willing to look through the ups and downs. and most people already know that algorithmic trading things that happen during day don't effect them with long-term investors easy for them turn it off and tune it out and if you are paying attention to volatility a lot of opportunities being created to buy stocks at lows if you like amazon, you know 6 months ago you should love it now if you liked a physical six months ago you should is like it now. that's type of thing that people need to pay attention to. >> that's the fact jaime cox everyone good stuff. thanks for joining us, about sir, appreciate it. >> you'll see where market will open up this morning strong gain up over 1% to dow and one and one-third percent for nasdaq got it. france high up bill for gas tax you don't believe how much it will cost to clean up that mess. we've got a worker shortage here in america small business people say part of the problem is the
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we're going up this wednesday morning about 280 maybe 300 point on the dow industrials. that would be about 15 minutes from now. i want to get the latest on the christmas market attack in france a genuine outrage. >> it is now a terror attack a extremist, radicalized in prison he shot at alu akbar still on the loose 29-year-old sharif may have pled into germany and detained five possibly the 179s that assisted him in terror
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attack called krsms capital of europe and 27 convictions this gentlemen has had so they're trying to find him. two killed one on life support supposedly thought to be brain dead. 13 wounded 8 seriously they were stay ising on this story for >> thank you liz. france had a series of riots paris and other major cities, there is a large price tag attachedded to those protests, of course, we don't know what might happen this coming weekend but lizzy how much what's the price tag for the protest so far? >> it is 6.8 billion for protest also to basically get rid of the tax hikes it is for tax relief. it is for other government policies to put this unrest to bed. 6.8 billion right now is price tag. >> they haven't put it to bed not that for sure. 6.8 billion got it. liz thank you. google chief grilled by house judiciary committee is what he said if building that search engine for china.
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roll tape. right now no longer a plan in china and in general looking how best it is part of her core mission and principles do try hard to provide with information. we always have evidence based on every country we've been in. us reaching out we have a positive impact, and the calling but right now there are noen plays to launch in china. could look like if it was launched in like china. >> okay. right now no plans to launch. that search engine in china, keith is with with us, he was on the committee, about you're a republican. how do you interpret -- the kind of passing of words there? >> well i would interpret it stuart as yesterday there were no plans to release the search engine in china.
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who knows what those plans might be today. i think we have to continue to be vigilant in these kinds of deals with china. we're coming on 30th anniversary of june 1988 standing for freedom in democracy were crushed you can't search for that as i understand it in china. they are trying to scrub that date from history. and so as we go forward and look at our relationships with china, we have to be very aware of the human rights abuses that have taken place over years that continue to take place with really just religious minorities being prosecuted christians and china needs to let them be free. prchg given your brotherses you have the power -- would you tell google don't do it? google has to look at code of conduct don't be evil and do right thing and is it right thing to really cooperate with a
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totalitarian government like you have in china that crushes human rights and i think you appeal to conscience they would see the better of their ways as they did in 2010 decided to pull a lot of that market. "the washington post" is a headline this morning, it says google needs regulation. but republicans are too busy complaining about political bias. your response. >> again, i think we have a hearing yesterday it was great to have the ceo of google come in. i think you have to take a look at what the tech giants are doing but hey we have a free country. and google is a great success story. they provide a lot a lot of utio market i use it to buy information but they have a responsibility with great power comes great responsibility. and so we had will continue to look at google and how it does its business. >> all right congressman thanks for joining us sir i would notice the stock price premarket kind of teflon no effect from yesterday's hearings stock is up
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again this morning. thank you congressman. good stuff overall this market is going up maybe 300 points for dow industrials. we're going to launch the market in about what, 11 minutes time. china now being lengthed to that data breach at marriott hotels. 500 million people affected. what kind of impact will this have on trade talks with china if any? we're on the story. ♪ there's no place like home ♪
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price of oil this morning 52 dollarss per barrel got it where's the price of gas this morning you're going to like this 2.40 is national average that means price of gas has gone down for 63 days in a row 2:2.40 and a whole slew of headlines from china. number one, china reportedly is going to increase access for foreign companies into china. that's really helping our market this morning. number two, the huawei executive gets bail. number three, president trump says he may intervene in the huawei case in it would help close a trade deal. and number four, here's a big one china is being linked to that massive data breach at marriott. what's the the link? >> the link is u.s. is saying it
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is linked to security a rat are us in china that they did it in order to build a gigantic intelligence database of passports to see who was crossing borders, and what those individuals look like. it is also reportedly linked to that massive hack into the office of personal management also believed to be done by chinese to collect more data for the intelligence database over in china. china is now strenuouslien didding all of this. >> thank you, liz. so the chinese security apparatus into marriott got 500 million people there information thereon liz peek is there. they did it -- what does that do to trade talks? smg i think it is actually an incredibly important affirmation of why we're confronting china. confronting china is not just on desperate tariffs on cost of doing business this china. it's about basically having been taken advantage of by the chinese for decades. not only in commerce but also in
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security. i mean this is a massive hack. office a of personal management remember it was only 22 million people. this is 500 million people. they are sitting on amassing ocean of data that's why this whole google conversation is also very important because this is all about surveillance. it is about intelligence gathering by the chinese government. this is not some, you know, fringe group that's operating outside of the oversight of the government. and i think when president trump asked the farmers for example, in america to bear with him as he confronts china or if the ask chamber of commerce crowd to be patient about the things he's trying to accomplish this kind of story reminds americans of what's at stake here. that basically that chinese lie, they cheat, they steal and they misbehave on measures which i think most people five years ago really didn't understand. >> gives us leverage. liz peek thank you very much. another check of the the market please. we're going up right at the
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hof the way the market opens is not necessarily the way that market closes. and i have no clue what happens between the opening and the closing bell. we have volatility recently. bang here question go it is 9:30 eastern time how did we open? we opened surely on upside yes we did 179, 222, 225, about left-hand side of the screen is sea of green and not all of the dow 30 have opened at this point but we're up better than 1%, 250 points as we speak. let's move on to s&p real fast. has that opened with a 1% gain my answer is yes. it is up 1.1%. now, even more important, has the nasdaq opened with a pert than 1% gain in yes it has that means that techses are doing well up 1.4% going strong. close to 100 point gain for nasdaq up 275 for the dow. big day, we need a big group of experts here. we've got it.
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eddy is here, shah gilani is here, and elizabeth macdonald is here ash is over in london. okay he is with the brits. china reportedly preparing to increase access for foreign companies doing business in china. eddy is that what's driving this market so strongly higher? >> absolutely without question the future direction of this market has everything to do with china and fed nothing to do with earnings or anything at this point and time and until clarity i would not take confidence in this volatility continue to swing that it has been until there's clarity on trade and hopefully it happens sooner than later if not my concern for next year -- is that slowdown overseas will start spilling over to here in the u.s. >> but for now progress on trade market is up. huge for the market. got it how about that no confidence vote on prime minister theresa may she faces this no confidence vote i think literally three and a half hours away. shah gilani does that vote one
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way or the other move the market? >> i think so move the british market and move european stocks i think if there's a no vote no vote of no confidence and has to step down ig that will be detrimental to market on the other handed things will be fine. she has a year then and she can't be challenged i think markets will rise. i think u.s. markets will follow a little bit on hill of that also. >> okay we expect to get results of the vote by 3ish this afternoon. lest market is open -- >> u.k. time they're saying it could be that far. >> book agrees with odds on favorite to win this vote. >> tied vote. no matter who leader is, who is number ten, the problem with the irish border still exist, i think that wassing a amount of time here, with this vote because three months away from a hard crash out of the eu by the u.k. that's by lay. and in parliament has to step in and pass a new law to prevent that from happen hadding.
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so waste of tile having this no confidence vote. >> personal opinion. >> fair point. fair point liz by the way market is up 315 points on dow industrials. trade is helping, and i'm not sure of the influence of this no confidence vote domestic politics here we go how about that meeting between president trump and democrat leadership over the wall and a government shutdown? it was must see television to get us a bit or more of it later in the show, eddy what happens if there is a government shutdown what happens to the market? >> i really don't think it is that big deal to the government. i don't think the market is they probably expect a shutdown based on what happened yesterday. so it is not going to be a big shock to market if we have a partial shutdown. >> no big deal, and shutdown will be december the 21st. when everybody is about to go away for christmas -- and holidays anyway. >> up 7 agencies right so a partial. right it is a partial shutdown. >> back noorkt.
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i think it could impact the market negatively because i don't think donald trump will back down. this is going to be a battle at that point he's not going to just propose a shutdown in a week or two later few days pull back without getting the wall and what he wants i think he'll stick it out and that will be a problem for markets. >> check that big board going up 320 odd points to upside that's one and one-third percent. it is a wednesday morning rally but again i have no clue how we close. american eagle -- they came out with a holiday forecast that fell short of what investors wanted american eagle stock down 1.5%. dave and bustering lower sales and stock taking it on the chin. it is down 11%. mcdonald's announcing plans to rereduce the use of antibiotics in global beef splice, doesn't affect the stock we've heard about this before but look at that level 183 of mcdonald's. elon musk tesla, news of the day always something to talk about. well he's talking about a pickup
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truck again. and he may have been using kind of a random et tweet what's -- >> all electric pickup truck. now, we're talking about a prototype nowhere near production of it. maybe to it in ohio and save workers their jobs but shouldn't he work on model three getting it right. >> concentrate on molds you know he's tweeted about an electric pickup truck and what he's asking what do you think it would look like? i think it is a hot product. >> pt barnum of stocks tremendous in terms of being a ceo he loveses to get the press. i don't think with he'll have a chance against that because i think he goes into that market the pickup market is very tight. competition -- imrong he's going to have a cool enough truck to go up against gm and ford because -- >> factories nobody cares but because people know what he's about. but you know factors factors ary packed in with that model three i don't know if they can handle
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electric pickup truck. >> 367 as we speak what is teflon. i have a new survey i like this one. new survey says that net lix has highest are renewal rate they bt hulu it is up this morning but that's interesting they have a 93% are renewal rate that's goo. >> people have been -- involved with netflix for a long time love the service. i'm pretty new to it i think it is fantastic i think disney will have a hard toil breaking in and make waves but it will be tough for them because netflix is the beginning. >> that is better than i imagine too that's fantastic. >> show is making important point. the survey shows what people are choose for streaming goes -- netflix amazon, and hulu. so what about disney what about all of the other streaming stock -- right but this is what people are choosing right now. these are the top three picks. >> so that's why they're getting
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into this space but hard to compete with the netflix of the world. >> i have news on streaming company that's ten cent music, they're going make their market days beau this morning. the company is going to raise about a billion dollars with this ipo takes place today. but pricing is at the bottom of the range is 10 cent tiebl take on spotify and apple you know about this. >> i don't think so. it is a terrible time to come to rkt ma and a they have to push because they can't delay anymore if a market goes town they might have to full it. i think coming out is what they have to do and stock aren't worth buying here and i wouldn't speculate on it. >> when ten cent music does open, will bring that to you as soon as it happens. okay. look at google -- here's another -- this is another teflon stock. sundar grilled about that china, about conservative anticonservetive bias, about the the sensor search engine in china stock keeps on going up.
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teflon. the stock is teflon. >> from a stock perspective they are solid they have strong revenue good balance sheet pe ratio really to others in same space is relatively low so i don't think this has any impact as we can see this morning on this is to stock. >> can we show the big technology stock please that's one thing we have not done so far this morning we usually keep close coverage of the big tax because that's where money has been going look at him now all of them are on upside nothing huge. facebook is up about a buck at 143. amazon up 19 dollar. apple up a buck at 169 not a huge recovery. google teflon, up 17 dollarss and microsoft is up two bucks strong gain. 2% for microsoft i have a little of it. 110 on microsoft. okay, and dow industrials overall we've got a gain of 300 points this wednesday morning in the very early going. i want to say anything else shaw. last time we saw you --
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you turned cautious and you reare fuse to jump on bullish bandwagon. >> i have spots for bunch of stocks i didn't like market and i pulled them all. i'm 100% in cash not comfortable yesterday was a typical example. yesterday dow swung more than 1500 points in today. since october, since are from october highs, to the lows into today dow swung more than 11,000 points that's a 41% swing in 10% from the top to bottom. that's staggering amount of volatility i'm not ready i don't think market is done yet. >> we save best to last here. shah gilani is 100% cash. you don't own stock at this point. all cash. so presumably you expect market to go down. >> i'm trading a little bit in today moving stuff around in positions to call position and put position on stocks and today moving stuff around but i'm not taking long-term position if market goes down considerably i'm all in and buy both hands. >> where do you think market
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closes up 300 right now give it a shot. >> i don't think we're going to get -- i think we stay here i'll be surprised. i think we'll probably maybe end up about 150 up higher. >> okay. eddy you're not all in cash are you? >> i'm not i do think it is a dangerous market for inexperience investors right now. this volatility is not going to go and my fear is that retail investors sitting on about a lot of cash looking at this initial drop as they're trying to jump in with both. i think that's the the wrong play. i think they have to dollar cost afnlg in because i think path of least resistance in short-term is lower. so let's take a look at the back drop into next year if we get a agreement with china, we have low rates that fed is not going to raise rates aggressively next year. and it will be up not down. >> so -- right. shah eddy up 300 points for dow. 24,660.
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a.m. son alexa soon it could even be used to check your blood pressure. if you want it doing that i don't know. but maybe you can -- not for me folks anyway. google's chiefen didding that his employees are against conservatives but in next hour we have a documentary film maker who made a movie about tboolg. he says he can prove anticonservetive bias at grade school. he's on the sheen shape to be a record-breaking holiday shopping season. next a retail watcher tells us that three biggests brick-and-mortar winners so far this holiday season.
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the holiday shopping season yes is upon us. some reare tail reverse are doing better than others. joining us now is marshall cohen all friend of the program. he's with npd group with brought us some of the winners among the brick-and-mortar dpie. right. winner number one top guy and done a great job of constantly reinventing themselves. between offering this count and cash back programs, they've done a really good job of getting consumers excited about shopping in there and they've ramped up toy assortment to be one of the few retailers who went after that toys"r"us loss. >> can you tell us that kohl's has a lot more foot traffic and revenue this holiday season. >> traffic counts were up and bad counts were up that's a really important thing over the black friday weekend it was down. a bad so in other words you went shopping and you actually bought something with a surprise right, so that's -- people walking around, correct. so mall traffic is always up during holiday time year after
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year but did they shop? this year there was a lot of retailers and target -- did a great job of converting their business to both online and in stores. so what was happening with -- somebody kohl's number one target is your number two, and what is so good about target? whanch target did really well this year is they actually were able to convert sales to online so instead of having you shop in the store, and then go buy online somewhere else you were able to shop store and buy there or shop online from target.com, and convert this sales so consumers were actually shopping what i call hand free. they were buying seeing big screen tv had a really good dell and instead of buying and dragging it what they did was buy it on mobile device then and there and had it september home. >> i don't know whether you analyze stock price or whatever, it is at 67 down recently. for some reason you know, investor are really not giving retail and particularly some of
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the broad base retailers they're just -- they hear about broad base stories and then they almost punish all of the retail. so what you have are few winners that have really done well that really deserve to have this stock boosted up. >> tell me about begs buy your number three pick here. performing best buy was another retailer who went after a toy business aggressively but also did a really good job technology has become an important holiday business. you know, usually you don't think of of giving gifts like tv and headphones and thing like that but those are hot items and best buy is converting sales through technology people are buying more product for themselves in november and gifting really starts in december. so look for some of those stores that have been dragging their feet a little bit. to get some momentum now. >> fascinating on screen kohl's, target best buy, all of those stocks up today marshall cohen said they're all doing very, very well this holiday season. here's one last one for you. sears -- oops. yeah. they lowered their holiday sales
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forecast i hate to see this disappear completely but -- that looks like that's what's going to happen. they're gone aren't they? >> what sears has been trying to do is be creative in try aring to figure out how to stay afloat what they're getting down to are essential stores. the stores that are really only in particular markets. what that fails they're going to lose so 2019 is going to be a much smaller sears and a much more challenge sears they can't keep living on their reputation of selling appliances particularly when stores like best buy have ramped up appliances j.c. penney added in appliances so all of a sudden the competition is heated up. >> tell me honestly now one year from now do you think i'll be able to walk into sears store anywhere in the world? >> tough but you may be tiebl buy sears online. but you may not be able to buy it in a store. . got it marshall cohen thank you very much indeed sir. always a pleasure to see you. [laughter] >> careful. stuart: whole foods, i'm not
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quite sure tingdz but they're ramping up their healthy approach to food packaging. what's a healthier approach to food packaging? >> they rank the worst on cancer linked chemicals found in the packaging for products sold at whole foods worse than kroger worse in trader joes trader joes so is here's chemical it is floryne never degrades in environment and sits there and cause cancer. it is a high level toxin. so you know, the packaging is really bad -- at whole foods that's issue right now for whole foods that is dealing request that. >> owned bid amazon took is up one and a half percent today. got it check that market please we were up 300 and couple of minutes ago. now we're up 240. watch out for volatility it is going to be an up and down day. the senate approved a new 80 billion farm bill but does not
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include work environments for food stamp recipients remember that was a big priority for president trump and won't get it. we're on the story. 'twas the night before christmas and all through the house 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.
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care to create a blood pressure feature for alexa. how does that work liz? >> well it is cuff it makes cuff that you wear on your wrist that monitors your blood pressure and then feeds that information into amazon and alexa can remind you what's your latest blood pressure reading thus and such a month or year ago and time to take the medicine the problem here is i'm looking into it some of the apps on amazon to track your blood pressure it records erroneous blood pressure information. so it is hard to extricate to get rid of that information out of those apps. but that's not run. but it just that is correct. so you know, the device is old on amazon. >> it is. [laughter] you know the senate passed the farm bill but it had no work requirements for food stamps recipients president trump wanted that in the -- wanted to reform the food stamp program. congressman roger marshall with
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us now republican from kansas. sir you're on the agricultural committee are you okay with this no work requirement the for food stamps recipients? >> first of all this is a great day for agriculture in d.c.. let me start just by commending pat roberts and conway for great job they've done shepherding this farm bill and to get to your question, i think there's sol great improvements on the food stamp program in this legislation. it's not everything that we wanted but we're worried about 40 -- ideas that we had concepts and final bill has 18 of those to improve the food stamp requirements. currently 36 states have a waiver to get out of those requirements. and this legislation will close a lot of those loops, it is going to make food stamp program much more efficient and i think the american people will be happy with this farm bill. >> you're from kansas. that's i'm going to call that farm country if you don't mind. >> absolutely. [laughter] >> i know it is. >> the president is taking a very hard line in his fight with
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china. and farmers are getting hurt. i'm sure that farmers in your state are getting hurt. but do you still support the president and his hardline with china? >> it is amazing these farmers are most patriotic people i've ever met standing beside president despite these tariffs that are going on. what we need to realize is that it is very, very broken trade has been broken, we cannot keep doing what we've been ding and president the is trying to dreys this china has kept american beak out of china for 14 years. they turn down total shipment of wheat and sorghum and do so many things that continue to hurt us so they've been sucking blood american agriculture for decades and this president is trying address all of these. there's some short-term pain, we think there's a long-term gain opportunity. but this 90-days -- we need to take care of this problem that we have going on here in 90 days i want to encourage the president to come to some con lugeses figure out
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long-term deals. but we need -- china to put -- to put their money where their mouth is and start taking on things they said to give long-term access to these markets. >> but your farmers are with the president on his hardline with china yes, sir? >> it is amazing we did surveys 80% are right there beside the president. they love the president. >> roger marshall republican kansas, thanks for joining us, sir we appreciate it. thank you very much. >> thanks for having me. another yeah, with another crisis in yiewrm. europe a gunman shot up a christmas market in france. sure doesn't help european unity now does it? my take on that, coming up next for you.
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"allahu akbar!" as he opened fire on a sim bowl christianity. it was in strasbourg. the city center was immediately locked down and european parliament with the members inside. the gunman has been identified as 25-year-old. cherif checkatt. he was possibly fleeing to close by germany. another crisis for europe. you have to wonder if it hastens the breakup of european union. it is bitterly divided after angela merkel's open border policy with your mean migrants. european union, as in unity, the word doesn't quite fit, does it? the british are trying to deunite. the "brexit" effort could coster reese ma say's job. she face as no confidence vote in couple of hours. what happens this weekend after the outrage in strasbourg?
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it hardly encourages unity. there is no unity in finance either. president macron is busting the european budget rules. and italy wants to do the same. rome, could bust up the euro. it is not out of the question. lame duck angela merkel is having a very hard time holding the european union together. the european union is not going to fall apart tomorrow, but, with all these crises happening together, it is hard to see how they get out of their downward spiral, in every way, unity is a thing of the past over there. the second hour of "varney & company" is about to begin. ♪ stuart: more on the european situation it is a rally. holding on to a gain of 1%. 250 points for the dow industrials. as you might expect, when you
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have positive trade headlines, trade sensitive stocks are up. look at boeing. $3 higher. the usual suspects up across the board. tech, the same story, apple, alphabet, microsoft, all on the upside. i want to get back to the outrage of the christmas market attack in france. there is manhunt for the gunman who killed three people. come in please, former state department senior advisor christian whiten. this was an attack on a symbol of christianity. a clear outrage. another crisis adding to others affecting europe. i don't think there is any unity in the european union at all. what say you? >> there is unity in their unwillingness to see what is in front of them. the facts you describe which make it obvious what happened. this man was not yelling aloha snack bar.
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he was yelling "allahu akbar!." he is is islamist. he had 27 criminal convictions. people in the elite in europe, just the last hour "new york times," here in america, gee, we still don't know what motivated this person. we have no willingness or resolve to confront islammism which is a huge problem in europe. stuart: another crisis on top of the "brexit" crisis, french riot crisis, financial crisis, it's another one. i think the european union is in the process of breaking up. i think these crises will hasten that. am i going too far? >> i think you're right. these things tend to last longer than we imagine. look today, if you go back a few years, go back to 2018. people said that is the end of the united states. eu looks pretty good. time has gone by. quite the opposite. the eu was supposed to bring out the best in europe. in fact it brought out the worst
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in europe. the bureaucracy ignorance, inability to take care of middle class. stuart: i don't see how they get back to a concept of unity. i don't see how they get back to any way going forward in a positive way. do you? >> right now we see the politics are not working. these populations are smart enough to know the common currency is not working. brits were smart enough not to join the euro. countries that can't stick toe budgets like italy and france really ought to devalue the currency. so this whole concept is warped. stuart: you used to work in the state department. from a diplomatic standpoint, economic or financial standpoint what happens to us here in america? is it good or bad if the eu breaks up? >> there would be a lot of crying over spilled milk. internationalists love the eu some conservative as well. long run better for the united states. i'm ecstatic britain is
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rediscovering its own identity. and i think as other countries do that and reed discover their patriotism, they are nation states it is better for the united states in the long run. stuart: christian, thanks for being with us this morning. appreciate it. >> thank you, sir. stuart: i want to bring in ashley webster. he is over in london for us. ash, the bookies think theresa may keeps her job because the alternative may be a socialist government. what say you? >> you're absolutely right. that is exactly -- conservatives have to think very carefully what they're doing here. they may not be happy with how she is negotiated. they may not be happy with the deal she is even now trying to get a better one for the eu, but the alternative could be opposition leader, labor leader jeremy corbyn. what is interesting about today's vote. it's a secret ballot. a lot of people say where do we see this? not like c-span in the u.s. where you see everyone is voting. you know who is voting this is
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secret. 315 votes. she needs 158. by all accounts if you believe some of the accounts she already has it. because it is secret we don't know you hot politicians actually cast their ballot. you're right, we're hearing reports of 10 downing street, there are hints she will intimate she will step down as prime minister before the next election. however she will lead the "brexit" deal. that could her more votes within her own party. i will step down, let me try to finish up "brexit" before i do that. there is a hint that could happen. lots to play for. lots of maneuvering. all sorts of crazy politics as you outlined very well, stu. bottom line the alternative, god forbid, jeremy corbyn taking over as leader of this country. stuart: not that you show any bias against socialists in britain. ashley: not at all. stuart: marxists, they're just fine, no problem whatsoever.
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ash, you're all right. ashley: no worries. stuart: you better get back here soon. thanks, ashley. back to your money. we're up 260 points for the dow. over 100 for the nasdaq. the main reason for this rally today which is "the wall street journal" which says china is willing to increase access for foreign countries doing business over there in china. emac, this is another positive trade headline shifting the market. liz: it is a positive trade headline. here is the bottom line here. watch the banking sector. if the banks can get into china a bigger way, that will help the banks. the bottom line is this, we continue to see a steady drumbeat of positive news about possible concessions coming out of china. possible lowering of tariffs on u.s.-made cars to 15% from 40%. the big headline we don't know if china will follow through with this. but their made in 2025 endeavor
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could be dialed back according to reports that, you know, this broad push to seek world dominance in manufacturing, china may be dialing back on that. we don't -- again it is always take a wait-and-see on china. stuart: was that part of "the wall street journal" report? liz: that is correct. stuart: "the wall street journal" report china might give more act a ses to american companies going in there? liz: that's correct. stuart: secondly might dial back on the insistence on world supremacy in technology by 2025. liz: they could wait and see. stuart: it's a positive headline. the market responds to headlines. liz: that's correct. by the way we're not seeing recession around the corner because it is exceedingly rare to have a recession when the economy grows and earnings continue to grow. it only happened in 1987 with a bear market. there was no recession. the economy grew six months later. earnings continue to grow six months later after the crash of 1987 when we had a downturn.
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giving you positive. stuart: this is a jam-packed show or what? >> a lot going on. stuart: hard to keep up. we're doing our best. liz: sure. stuart: staying on all developments out of europe, nigel farage is in strasbourg himself. what he thinks he is the likely outcome of the theresa may no confidence vote and the likely out come with "brexit." he joins us next hour. first that showdown in the oval office, all over wall funding. what a show it was. i loved it. we're on it. google's chief told congress there is no anti-conservative bias at this company. later this hour we'll talk to someone who says that is not true. he made a documentary movie to prove it. this is the second hour of a jam-packed "varney & company." ♪
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yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪
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stuart: look at this, we're back up again to gain of better than 300 points. 311, to be precise. i call that a solid rally. i have no idea how we close. american eagle, they made a holiday forecast. wasn't quite up to what people were expecting but nonetheless the stock is up 10 cents. look at dave and buster. lower sales, that is bad news for that company because the stock is down 10%. that is dave and buster's back to 45. it was must-see television, that's my opinion. president trump debated nancy pelosi and charles schumer right there in the oval office for all to see, on camera. watch this. >> the fact is you do not have the votes in the house. >> nancy, i do. we need border security. >> we'll find out. >> we need border security. it is very simple. >> we have a proposal democrats and republicans will support to do a cr, that will not shut down the government. we urge you to take it. >> if it is not good border
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security i won't take it. >> it is very good border security. >> if it is not good border security. i won't take it. we need border security. the wall is part of border security. you can't have very good border security without the wall. stuart: 17 minutes of that. charles hurt, fox news contributor. rare thing in american politics, senior leaders on both sides of the aisle debating politics on camera. i thought it was terrific. what about you? >> this is absolutely wonderful. this is what founders intended. you know, it is a little untidy at types. it's a little confrontational at times but it is terrific stuff. you know, it is all out in the open. i must say, donald trump is not been at this game of politics for very long, certainly not nearly as long as 65 years and pelosi and schumer have combined but i think that, you know, very much sort of turned that whole
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thing into his game. he had them playing his game. you had nancy pelosi trying to throw the press out. and, donald trump, having to instruct her that no, this is transparency. the american people can handle this debate. we can have it in public. then chuck schumer over there mocking the president for being proud of having won senate seats, picked up senates in indiana and north dakota. and then you also had, i thought, donald trump and, i mean, schumer and pelosi come around to, at least paying lip service to the fact that they support border security, which i think is probably news to a lot of people in their caucus who don't support border security. stuart: i want to see more of it, actually. >> absolutely. stuart: look, i was born and raised in england. when i was in college i used to go to the house of parliament to watch prime minister's question time. i used to watch debates in the
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house of commons. it was that kind of deal. one politician would say something. another politician rises in opposition. they have a debate face-to-face on camera, out there for all to see. i wish we could get more of that in america. i think it would do our politics a lot of good. >> of course if you watch the debates in parliament, you also see it forces all politicians to really raise their a game, and they bring it, they have marvlous debates. a lot of people, in the media today, in washington, who are used to the staid back room politics that wrecked this place over the past 30, 40 years, you put those people aside, everybody else, you know, they like this. and it is derided as reality star, reality tv politics. okay, that's fine. i think that, you know, the american people can handle this kind of thing. they like these debates. and i think the best, the very best ideas come out of this kind
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of debate. stuart: well, i say the president should, shut the government down if they don't give him the five billion he wants for his wall. i say shut it down. what do you say? >> look, you can have any argument you want to about whether or not the wall specifically is the best way to deal with border security. but one thing you can't say, a wall is not going to hurt border security. that is for sure. and so, donald trump is on the right side of that issue in terms of the politics of this country and it is not just his base as some people are trying to say. there are plenty of democrats, democratic voters out there, who also, lord knows, a majority of independent voters, who want to see sensible, sane, border security, and when donald trump is talking about the wall, talking about the bored security he is winning. i think you're exactly right. he could shut it down. i think quickly would see democrats coming to the terrible. it would be a terrible, terrible
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loser for them. stuart: you're having too much fun, charles. >> my goodness. we're only two years into this. stuart: maybe another six to go. >> absolutely. stuart: mr. charles hurt, guaranteed to see you again soon. >> thank you. stuart: make sure you look at the left-hand side of your screen, the dow is up over 300 points. congress raising to pass a driverless car bill by the end of the year. seems like democrats are having a problem with it. what is the story. liz: the story is, they're trying to do it in a lame-duck session and senate democrats are worried that it is a very weak law when it comes to safety standards for the driverless car industry. there is provisions in it to stop the federal recall of problematic driverless cars, based on the safety data that the carmakers deliver. industry is saying these are proprietary trade secrets. there is pushback on that. the one big one, there is something like 80,000 exemptions for driverless carmakers from
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federal safety standards. that is a big increase. that is an annual 80,000 exemption, they get 80,000 exemptions to abide from the law up from 2500. the u.s. congress is trying to struggle, the senate is trying to struggle with burgeoning big industry that is coming but it is about safety standards and how to regulate it. stuart: that is understandable. i see the two sides. interesting argument. we'll see what happens with driverless cars. breaking news. here we go. reuters reporting that at least 185 conservative lawmakers publicly indicated support for theresa may ahead of today's no confidence vote. that is what sent the market higher. she needs 158 votes to survive as prime minister. looks like she may have them. liz: looks like you were right. stuart: my position i think she will stay because the alternative is awful. liz: it's a disaster. stuart: it is a disaster.
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surely conservatives can see that they're realistic here. the dow is up 350 points in part because of that. now this. the bourbon industry taking a hit because of tariffs. kentucky-made bourbon is feeling the burn so to speak. jeff flock is at a distiller. no nipping on the job, jeff. more after this. ♪ you've had quite the career.
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yeah, i've had some pretty prestigious jobs over the years. news producer, executive transport manager, and a beverage distribution supervisor. now i'm a director at a security software firm. wow, you've been at it a long time. thing is, i like working. what if my retirement plan is i don't want to retire? then let's not create a retirement plan.
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flock himself. you're at distillery in kentucky. give me the story. >> okay. this is the kentucky -- go ahead, nick. this is the kentucky peerless distilling company. it is a great story of a small business. this was a distillery operated before prohibition. it went out of business. that is kentucky, look at that, got a glass. you got a glass. all right, okay. there you go. this is kentucky rye whiskey. huge grower overseas. what do you think the europeans target, they put a tariff to punish the president? don't pour all of that out by the way. we dope want to waste that i'm gumming up their operation. what do you think the europeans tariff? something quintessentially american. so that is what they have done. a 25% tariff. i've got cordell, you are the strategy guy. >> global market strategy. >> you are going to sell how
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many cases overseas? >> 2500, six-pack cases. >> how is many have you sold? >> zero. >> because? >> the tariff. simple as that. >> the president says he needs to do this, this is retaliatory part of the tariff. what do you say about all this? >> i think it is too many for cooler heads to prevail. time for the president and administration to put americans back to work. we're building a business from the ground up. you can see the growth in the u.s. we are 35 states. we won number one rye whiskey in the world by whiskey advocate. it is time for us to grow overseas. >> i want to do this. that is the still, this is where it came out of. this is craft distillery. not big marketing. the big marketers got product overseas before the tariffs hit. actually exports to europe are now up a little bit, first six months of the year, then lower.
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as i said that still, i don't know if your ancestors in the old country, stuart, may have operate ad still like that. i think it is possible. in one hour's time i want to ask the man who owns this distillery, a fourth generation distiller, if he supports the president on this? his name is corkky taylor. his father was the chief of staff for general patton. he is a formidable character. i want to try to get his opinion in one hour's time, if we haven't had too much. stuart: you're allowed to drink but off camera. not allowed to do it on camera. we'll close him out. >> only a tasting. stuart: away you go. jeff, we'll being back with you. president trump sparring with pelosi and schuler for all to see, making the border the number one issue in the country. we have the story for you. back in a moment.
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♪ ♪ lucy in the sky with dimonds stuart: lucy in the sky with diamonds. liz: we went from bourbon to lsd. stuart: this is not about lsd. this is about a picture john's son saw, described, diamonds in the sky. that is what john wrote. 10:30 eastern time on wednesday morning. amount of oil in storage up or down. >> down 1.80 million barrels. price of oil ticking to the upside. stuart: that is not a big deal in terms of how much extra oil we used. liz: that's correct.
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stuart: got it. dow industrials that is a serious rally. 306 points to the upside. 1.25%. i call it a rally. will it hold? i don't know. senator lindsey graham said president trump should not back down until he gets the money for the border wall. roll tape. >> the difference between 1.6 billion and five billion in a multitrillion dollar budget is not that much. but it would have a big impact on the border. this is a small amount of money in terms of the overall budget but a significant amount of money in terms of securing our border. if i were the president i would dig in and i would not give in. stuart: that is senator lindsey graham. come on in freedomworks president, adam brandon. all right, adam, plain and simple, should we shut down the wall -- the government, if the president doesn't get his money for the wall? >> i think we just entered the 2020 cycle and here we go. one of the president's main promises was to build that border wall. so right now with, government
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running out of funding in a week or so, this is one of those prime moments you can force something to happen in washington. he is looking at this as an opportunity, whatever the downside is for a shutdown, the upside him getting money and keeping a campaign promise far outweighs any of the downside. people will forget about a shutdown within a couple of weeks of it even happening but, if he gets to campaign, look we built that wall, that is something that, that is the main thing you think of donald trump. that is one of the things you think about. stuart: you are saying, shut it down if you have to, mr. president, you're saying that? >> absolutely. this is his priority. if you look back on his record right now, my biggest concern is spending obviously but he got the tax cut. hopefully we'll get criminal justice reform passed, maybe even as close as this week or early next week. he is starting to rack up some of these wins, deregulatory wins. he promise when he first started came down the escalator promising a border wall.
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he is trying to make due on his promises. stuart: brandon, i'm sure you saw that exchange in the oval office yesterday. >> right, right. stuart: between the president, nancy pelosi, chuck schumer, i'm sure you saw it. it went on for 17 minutes. it was must-see television. i think the president won. i think it was an open debate between the two sides of the political aisle, i think the president won that debate. what say you? >> i think the democrats would give in. i think we'll go to the edge. we'll have some kind of a shutdown but the image as time goes on, we're not funding these government priorities because we're refusing to fund anything to take care of our border security, that plays well for the president. so i think there will be a lot of drama, finally take your money and go. so i think he is smart. when i look back over the last two years, i wish the president would have dug in a little bit more on some of these big issues that are important to him. if he gets the border done right now, that is great. we can start focusing on something i absolutely love, he is committed to, that is cutting
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spending. stuart: let's get to that because the president told me, i interviewed him in the white house a couple of months ago, he was talking then about having government departments, all of them cut 5% from their budget, just across the board. that is how he would cut spending. we have never really tackled this problem of government spending. we've never seriously cut it, in my memory. i've been here 40 years. i can't remember seriously cutting spending. do you really think we can do it this time? >> it is not really an option. we absolutely have to at a nation. we're $22 trillion in debt. this is the main security risk we face. with all the talk of trade wars and everything with china, the thing i fear if you ever get in a conflict with china, we will have to get money from them to put gas in our tanks. stuart: adam, you know the moment you suggest a cut in any department, other than the military, you suggest a cut anywhere, you will be demagogued to death. you will be starving children.
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you will be throwing elderly people on the street, forcing the homeless into, whatever. you know that is going to happen. >> i know. but i don't think there is a moral high ground to bankrupting future generations. there is, as a movement we need to have an honest conversation. i don't think, when you start to talk about a 5% cut or even a 1% cut, come on, 1% out of all these different bureaucracies? i don't think anyone will notice a difference. after all the demagoguery goes crazy, people don't notice the difference, you cut more, reforming more otherps programs. with this incredible economic growth going on, you hold the line on spending, grow the economy, in a decade we'll not talk about this looming fiscal crisis. stuart: we'll see if we can actually do it. >> one thing i want to add, tonight is the freedomworks christmas party. we'll do our patriotic part for american bourbon. stuart: that was a good last line. thank you very much, adam. >> take care. stuart: better check the big
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board. we're holding on to a very, very nice market rally. 337 points up. that is 24,700. again i have to say these are volatile times. we don't know whether we'll close with this kind of gain or what. we just don't know. now the president, he is tweeting about that terror attack in france. i'll read it for you. "note very barred terror attack in france. we'll strengthen our border more. chuck and nancy must give us the votes to get additional border security." "fox & friends" co-host brian kilmeade joins us now. two big stories here. there is the outrage in france with the president linking it to the border wall. huge series of developments in the news. >> i just don't know if i link them both, stuart. this guy was arrested in germany. he was arrested in switzerland. they had an eye on him. he got away. he goes ahead screams god is
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great in arabic. i wonder what he was up to, what agenda he had. he starts with his terrorist activities. good news he was shot. bad news looks like he might still be alive. so there is a manhunt to get him. i don't know that reflects on border security. stuart: i didn't mean to link the two. >> but president did. stuart: sort of tanks jonesly. you don't think there is a link -- tangentially? >> are there terrorists and criminals coming through the border? absolutely. are these hot issues and you reported on your show isis promises sniper attacks this holiday season? do we know we're not out of the woods yet? talk to anybody in the fbi. they talk about all the terror paths they're following in this country. they're hoping we get lulled to sleep because we're distracted by other things. i think the president overall has a bunch of things going. but france is something you can learn a lot from. i think the left has more to learn from than the right.
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every time you push down this green agenda in france you upset working, middle class people. that is what france is doing. that is what the president did walking away from the paris agreement. not to walk away from environmental causes and the need to have clean energy but when you find people and tax people, because we're not green yet, the people that pay the price are not the rich ones who fly in for the rallies. they're the working class and middle class and the president sees that. and democrats see that i i hope they slow down in their carbon tax. you got the terrorists worry at the border as well as the chaos that is taking place at the border. what we saw all spilling into the oval office. stuart: did you like that oval office show yesterday? because i did. i mean it was politicians arguing face-to-face in public on the record, with all to see. i thought it was a wonderful thing. how about you? >> i do too. the thing is, that is the way the president is behind closed doors, in closed settings at lunches and in life.
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he is comfortable like that. it is not personal. what is underappreciated is, how uncomfortable senator schumer was. arguing in front of everybody, letting his guard down, knowing he is on the record saying the exact same things as the president, the need for border security. america will not accept any type of amnesty unless they're sure the border is secure. nancy pelosi is just as down and dirty as the president of the united states. she just says it differently, maybe more professionally. but listen to what she is saying. she started the whole thing the sentence we're here for the american people. of course we want to stop the trump shutdown. is president trump going to let that go by. have you met him. he doesn't care who is watching. he has nothing to hide. stuart: it was good stuff. i want more of it frankly, right out in the open for all to see, on camera, please, good stuff. brian, thanks very much indeed. got it. >> yeah, go get 'em. thanks very much. stuart: i will. president trump signing an
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executive order today on opportunity zones, encouraging private investment in low-income communities. housing secretary ben carson leading the charge. he is going to join us in our next hour. google's chief sundar pichai, says there is no anti-conservative bias at google. our next guest disagrees. he has a documentary that proves his point. they are biased. he will make his case next. great news, liberty mutual customizes- uh uh - i deliver the news around here. ♪ sources say liberty mutual customizes your car insurance, so you only pay for what you need. over to you, logo. ♪ liberty. liberty. liberty. liberty. ♪
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♪ liz: earlier today former philadelphia federal reserve president charles plosser told maria bartiromo that having a president who is active in the federal reserve's rate hike process may not be a good thing when determining future rate hikes. roll tape. >> presidents have always tried to influence the fed a bit but they tend to do it behind the scenes quietly. >> not this one. >> not this one. i think it is really bad to have this debate in public because you lose confidence in the fed. the fed runs risk of losing public confidences by succumbing to political pressure one way or the other. i think that is not where we ought to be. ♪ , i'm joan lunden.
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has been brought out here in some question is biased? >> congressman, it is really important to me that we approach our work in an unbiased -- >> do you believe that google is biased? either yes or no? >> no. not in our approach. stuart: okay. let's bring in matthew taylor. he is the director of a movie called, the creepy line." it is documentary about google. matthew is with us today. welcome to the show. >> thank you. glad to be here. stuart: your documentary is all about anti-conservative bias. give me an example our audience can clearly understand. >> you can look at say, jordan peterson, made a youtube video. not only get knocked off of youtube because of unifying structure, you get knocked off everything, your calendar, gmail, your youtube. you're gone. there is no customer service, no one to call to see how to get it turned back on. stuart: wait a second. he is conservative? >> he is actually a gentleman in
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toronto, psychology professor, who had an issue with a gender law that was written in canada. stuart: okay. >> he made a video about it. google got rid of it. you see these kinds of stories happen over and over again but i think one of the fundamental issues, people have to understand, the google search engine by design is biased. we saw the word thrown around all the time yesterday. when i search for something on google, right, it has to make two decisions. the decision number one, if i say what is the best dog food, it has to choose among billions of pages, bias number one. bias number two, has to put them in order, right? that is what we want. we want us to give us the business results to make the biased decisions. ultimately if you ask them something about right or wrong, good or bad? it has to make a decision. what's the best candidate? somebody will always go to the top. it is, so, if you have,
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mr. pichai saying, oh, we're monitoring hate speech and we're trying to fight this, fight that, yet it is we're not biased. it is one or the other but not both. stuart: your algorithm, equation determines what is at the top of the list, has values put into it by the employees at google. >> absolutely. stuart: in this case, many cases, seems like all cases the bias is towards the left and away from the right. have i got that roughly right? >> look. let's pretend that these people who are building these algorithms, which modify at least twice a day by google's own admission in their promotional material actually are not thinking politically but still modifying something for good or bad. if my view is you know what? i like chocolate over vanilla. i may modify it with not even really think about it. let's give them the benefit of the doubt for a second. they could be swaying things one way or the other. because the other issue comes in
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the autofill when you search for something. those suggests, positive or negative, will bring up all positive pages or all negative pages. >> right. >> right? if you give them the complete benefit the doubt, there is in a creative effort to build these systems a bias they may not even be aware of. stuart: the name of the movie is the "the creep i line." where did you keep up with that. >> our policy go up to the creepy line, but not cross it. he said that in 2010. strange choice after word. who wants to be near anywhere creepy. stuart: where is it. >> amazon and itunes, i will watch it. >> thank you so much. stuart: let's check the market. stocks are up right now. there is optimism about trade with china. those 90 days of course, they are ticking.
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what can actually get done within those 90 days? what can we actually do here? i will ask the question, i will get an answer, back in eke is did in a second. ♪ 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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stuart: gone back up again. now we're up 335 points, above 24,700. got it. let's get to trade. china now says it will open up to foreign companies, a bit more at least. now that is according to "the wall street journal." former u.s. international trade commissioner dean pinkard is with us now. welcome to the program. good to see you, sir. >> good to see you. stuart: we have this 90 day period. can you tell us what we can actually achieve within that 90-day period? what can we actually get done? >> i expect there to be a lot of progress over the next few months. like we've seen recently about china's commitment to reform but the issues that we're raising with china are deep structural issues. they go to the very role that the chinese government will play in their economy and we're not going to fully resolve those
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issues over the next couple of months. so what i'm hoping, is that we're able to get a framework agreement over the next couple months? we can fill in details later. we have a great negotiating team at the u.s. trade representative, and, i expect them to make substantial progress. stuart: we could get a framework agreement on things like intellectual property theft, forced takeover of american technology. you think that within 90 days you could get to a framework where we could actually work something out in further talks, that's your position? >> absolutely. as i said, we have a great negotiating team. i've been involved with usgr with trade negotiations in the past where we've been able to get framework agreements and fill in the details as we go along. but look at the issues you're talking about, whether it is forced technology transfer or
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market access or even intellectual property protection in china, it takes a long time to resolve those issues. stuart: sure. now what america needs and what it may have actually i think is leverage. i'm looking at this hack of the marriott, the data breach, 500 million people. america is saying that the chinese security forces did it. they hacked marriott deliberately. doesn't that give us leverage? because we can say you did this, knock it off, we can prove it? >> well, stuart, of course these are very sensitive issues that you're talking about there but if you look at the report there that the trade representative put out under section 301 that led to this negotiation with china cyber intrusion was one of the major issues at that was raised in that report. so i expect that the discussions will include that cyber intrusion issue generally and that there will be, again, a series of decisions made by china to reform and you will see
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it rolled out gradually. stuart: that would be a very positive thing, wouldn't it? >> absolutely. these are very, very sensitive issues. as you know, they go, not just to economic concerns but they go to national security concerns as well and so of course a lot of the discussion will have to be on a very confidential basis. >> of course, it is progress, it is positive. thank you very much for joining us sir. we appreciate night thank you. stuart: britain's prime minister may face as no confidence vote. we have a report that she does have the votes to survive. nigel farage is with us next hour. what does he think about that? he is no fan of theresa may. ♪
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stuart: it is 11:00 a.m. in new york city at 8:00 on the west coast and here's what we're watching for you. first up meter money in the markets appeared in the markets appeared at a time i driven to read one headline on china sent the markets straight up and here's another that may affect -- probably will affect the markets later. britain's prime minister theresa may faces a no-confidence know. i should tell you the writers suggest that she does have the boat to survive. but then why appeared uncertainty remains over the uk's brexit from the european union. now to france, a gunman shot up a christmas market, killing three. the gunmen attacked a christian symbol as he shouted god is great in arabic. huawei's chief financial officer granted they'll buy a canada appeared now a former canadian diplomat is in detention in beijing. hard to believe these two events are not related. however, president trump says he will step in over huawei is
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needed. we are watching at all for you. the third hour of "varney & company" starts now. ♪ theresa may is just hours away from the no-confidence vote. ashley webster is in london. does she have the votes to keep as prime minister? >> well, according to the media reports and you mention reuters coming as she does. anywhere from 160, 170 votes. needs 172 surviving by all accounts she does have that. i do caution what people say in public doesn't necessarily mean what they do in private. it is a private ballot but assuming she does survive shall head straight back to brussels tomorrow the e.u. holding a two-day summit beginning tomorrow. she'll continue to hammer away at a european counterpart to get a better deal on her brexit
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agreement. so far we know the e.u. says forget it or not renegotiating. the last word we have the e.u. as they are preparing for a no brexit deal at this point. i will say it was just looking at the betting on on the brexit outcome. penny powell now has a debt 11 to eight on that there will be a second referendum next year and a general election before march 29th. and then 10 to one the parliament approves a brexit deal. that gives you an idea for the bookmakers are saying is they don't think the brexit deal is going to get done and god forbid there could be a second referendum around the corner or perhaps that the e.u. suggests and others here they're just going to crash out on march 29th with no deal in place at all. stuart: you're covering a mass come ashley. that's the truth, isn't it. what a mess. ashley: up all my fault. stuart: get back to new york.
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we'll see you shortly. this no-confidence vote could affect your money. right now the market shows a very solid gain perhaps on the expectation that prime minister may stay than wednesday's vote. jason trejo, global investment strategist is with us now. is this why the markets at 350, and the expected to survive. rupert the government would allow access for companies so that again is a positive sign there could be programmed from the u.s.-china negotiation touting the biggest reason the markets are red. stuart: do you think them to resubmit the outcome of the brexit, that is a factor? >> it matters foremost for u.k. and european markets, leicestershire. she survives the vote of confidence is very likely there will be another challenge anytime soon and increases chances ideal she is proposed
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incrementally takes one kind of risk off the table potentially if it's going to be resolved in the next couple weeks. if it does one thing investors have to worry about. stuart: this is your job, isn't it? you are a global strategist. you've got to look at things like the spirit through microphone from investment strategist to political strategist. it's really the fact you're sometimes what you always try and do you say what does this mean for the economy and the market and doesn't actually change the economic scenarios and a lot of times there's a lot of headline news than risk dedicated acres back and forth. it doesn't change the fundamental story that you really shouldn't change your view. stuart: the fundamental story to you and america is progress on trade and progress on the federal reserve not raising interest rates too much too far. that's about it. >> exactly. we've been constructive for the past month on the expectation
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that the fed would be a little more in derbyshire raising rates and over the past month has definitely dialed back. on the trade issue a lot of conservatives escalate this to greater the incentive to try and reach a deal is high for both. this can be a lot of bumps in the road which is the headline risk. the goals for both parties having a deal is the best outcome. stuart: the way you see it on a global basis looking on america were going forward in a positive direction. things look pretty good for american stock market. no huge rally. when i put a 35,000, nothing like that. you'll be pretty safe but in the money into stocks right now. >> we feel comfortable the market is priced for a lot of news more than warranted. listing six, 12 months horizon. this is a good opportunity to buy. you should be committed to long-term investing and you should not worry about the day-to-day fluctuations.
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make things look okay. stuart: thank you for being with us. short sharp to the point. we've got a lot to tell you on the china front. the huawei executive has gotten bail. president trump says he may intervene in the case if it was close to trade deal with china. however, now china is being linked to the massive data breach at marriott. 500 million people. now who did it? china data about which branch of government. >> china's security apparatus they are. we've got news breaking on this front. mike pompeo insane it is china and its property hotels group 500 million potential to expose there. the name of the game is best, to build even bigger its intelligence database in china of people who can be crossing borders. in other words they took passport data and more so it's easier to track via facial
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recognition as well whose crossing the border. chuck grassley the senator say now this morning 90% -- more than 90% of all cybereconomic espionage comes out of china. tomorrow the federal government is going to announce a broad based pushback against china. you're going to see possibly dhs, fbi talking about it. they're going to talk about the opm hack in 2014 link to china where 21.5 million people have their information stolen out of the federal government. also the anthem hack is believed to be china as well. it's about recruitment possibly a double agents here in the u.s. you can hear talk about tomorrow. stuart: a big deal. liz: it's a big deal. my opinion they did it. knock it off. check google. the ceo they are telling congress the company has no plans to launch a search engine
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in china at this time. what exactly does that mean? don't know but the stock is up 2%. tesla chief elon musk talked about making a pickup truck again. it was an errant treat he was responding to a total stranger and off-the-cuff without this tweet about maybe we'll do next year. the stock is at 370. president trump will sign an executive order today on opportunity sounds. private investment in low income communities. secretary of housing and carson joins us very shortly on this program today. yesterday the meeting in the white house the president and democrat leaders take the blame for a shut down to build the wall. tom hallman, if the president does get the funding he should definitely shut the government down. worker shortage the nfib is the
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quality of the workforce. micro is coming for us today. i want to know who's going to fix this problem of the quality of the workforce. will be back. ♪ i'm snow. and just like you, the further into winter we go, the heavier i get. and while your pants struggle to support the heavier you, your roof struggles to support the heavier me. [laughter] whoo. [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?
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stuart: now this, the nfib, small business people applying for jobs just are not qualified. roll that tape. >> there's been a stretch of amazingly numbers of hit records for optimism, and hit records for inventories. but what has emerged as the single most important business plan for small-business owners is finding qualified workers and having applicants for jobs.
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this is a serious problem for american small business owners. stuart: she's also talking about finding people to show up on time and know what they're doing. the quality of the workforce she was talking about. mike roe, ceo of the micro works foundation and the foremost of dirty jobs. you're a great guy. welcome back to the show. >> stuart come i'm flattered. always great to be here. what can we do as a society about this quality of the labor force? what can we do about it? >> we can talk candidly about cause and effect and we can talk honestly about the real nature of the problem. it's not just the skill gap. it is they will gap. it is a symptom of our collective dysfunction regarding the definition of a good job. we have to redefine what that
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means and we have to at a much earlier age make sure kids are exposed to all of the opportunities that are truly viable. we talked about before 7 million jobs available right now. 75% of which don't require four-year degree. they require training and yet we drag shop class out of high schools, thereby completely depriving an entire generation of kids for a visual representation of what work looks like and now we have the skills gap we've ever had with more student debt on the books that we've ever had and worse still when the money we don't have to kids who can't pay back for training for careers that don't exist anymore. stuart: you're right. it is plumb crazy. but you're returning for another season called returning the favor. it is on facebook watch. for the benefit of our audience, let's have a quick look from the
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clip on the show. >> the first episode of season three of the little show called returning the favor. we been paying attention and watching what you've been doing. we know what she wanted what you need. we heard you. without further ado, one, two and three. stuart: it's a great opener, mike. tell me more about the show returned the favor. what's it all about? >> it's about rewarding the kind of behavior would like to see more of. i'm dirty jobs i looked for anonymous people doing the kinds of jobs to make civilized life possible. i'm looking for bloody do-gooders, people in your community slightly better than you. people who you just saw who runs downriver for veteran organizations and why not, michigan. i just thought the time had come to put something in people's newsfeeds that didn't make them angry, sick or violent.
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i'm trying to create content that makes people feel good, but at the same time to shine the light on individuals and organizations that are actually doing something that's moving the needle in their own town. stuart: i love it. i'll be watching on facebook watch. micro, thank you for joining us. come back soon. >> one of these days you and i are going to close the skills gap in the market have a party. stuart: okay, i'll go with that. here's a recheck markets. first of all, bitcoin $3470 per coin. the price of gold still around $12.50. got that. the price of oil i think is still around 51, $52 per barrel. in gascon here's the good news keeps on falling down 63 days in a row the national average is now $2.40 per gallon.
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next case, how about some pictures. new images captured by nasa's juno spacecraft. it shows clouds of jupiter. this was the 16th close flyby about 2000 miles above the clouds above jupiter's north equatorial belt. check this one at nasa's inside my undertaking its first healthy on mars spirit is actually made upbeat 11 separate images but you get the picture. landed on mars on november the 26th. it had traveled for seven months. look at that. details pretty good i would say. you get it all on "varney," don't you?
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group. the big board still shows a very solid game. not much volatility this morning. we've held at a of about 300 points. right since the get-go at 9:30 this morning i've 346 as we speak. let's get back to the bourbon industry. feeling the pain from tariffs placed there by the europeans. jeff flock at the distillery in louisville kentucky. spell it out. how are they affect being the american industry. >> 2000 barrels of kentucky whiskey, both bourbon and ride i'm surrounded by. they intended to sell a number of these herald in europe, but the europeans targeted americano like bourbon. so i asked the ceo of the company, and this is the fourth generation. this is henry craver, your great-grandfather was the founder of kentucky. list distilling.
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when out of the prohibition. you reinvigorated this business. you invested a lot of their money in it. put the numbers up. would you put the numbers up? you were supposed to sell 2500? >> 2500 cases a euro. reporter: how many of you sold? >> zero. we can observe the 25% tariff. reporter: are you mad at the president over this? >> i'm not. i think it will be negotiated out. they not only affect the bourbon industry in kentucky but they went after hurley davidson. that is what it was. it'll be worked out. it's just taking longer than we wanted it to take but it's going to be worth it. reporter: this is corky taylor. you're quite a guy in over your shoulder is quite a guy. that is your father. he was general george s. patton's chiefest.in world war
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ii. >> he was. he started 1943 and ended the worst general patton. it was great. talk about real piece of americana on the bourbon trail here in kentucky. stuart: please tell the good gentleman we are proud to have them on the show. it's a great honor. thank you very much, sir. reporter: i will convey that, sir. thank you. stuart: that's bourbon for you. all-american. president trump will sign an executive order today opportunity zones. as private investment in low-income communities. ben carson joins us shortly leading this initiative. he's with us next. the markets right now close to the high of the day up 357 points. that is on .4, almost 125%. if the rally. we'll be right back. ♪ nah. not gonna happen.
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kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler's walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler, america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call to save $500 off bath walls with your walk in bath or visit kohlerwalkinbath.com for more info. stuart: this rally is holding. 1.4%. that is the rally.
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let's bring in david scranton, income strategist, ceo and founder. looks to me like this is a santa claus rally at least for today. does it last until end of the year? >> i think it will for the most part whether it goes up and down a little bit is one thing but i believe we are going to end the year higher than we are today at a support level for the market has been at the correction level point down 10%. the president is trying to do everything he can do job on the markets in the right direction. so over the next two to three weeks will be fine. stuart: it seems like the positives are positive on trade, positive on theresa may. looks like she's going to stay. positive on the federal reserve. probably not going to raise interest rates are rapidly in the future.
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those are the positives pushing a tire. >> absolute deposit is pushing a tire for now. unfortunately, after january january 1st, we can't really grow the markets based on optimism. we actually had to have some positive things happening. i believe we need to see gdp growth in our country at least 3.5% come in maybe and a quarter% in order for the rally to continue into 2019. stuart: do you think we'll get it? >> i don't think we will. i believe it's much more likely we do get some trade deal done in the first half of 2019. i also think it's more likely that the fed finally figures out that they need to get out of the way of the markets, which is why i believe we might only see one more interest rate increase in 2019. the toughest thing without the president been able to get a second tax cut through a
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democratic house is going to be keeping the gdp growth at the levels that countries need to sustain market growth from this high point of today. stuart: interesting outlook good will take the santa claus rally until the end of this year. that we will definitely take. thank you very much. appreciate you being with us. look at the rally of 330 points for the dow industrials as we speak. that is the beginning of a rally. let's get to france. a manhunt underway for gunmen in the christmas market attack in strasburg, france, the left three people in a least a dozen people wounded. on the phone, nigel farage coming european parliament member. you're in strasburg. top row that were shut down during the shooting. can you tell us what happened? >> yeah come in the shooting took place in the christmas
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market in some people may remember this was the berlin christmas market was the scene of an attack last year. we finished up at the parliament on lockdown and oliver strasburg we finished up with people being shot inside restaurants, the doors being locked in people hour upon hour. what actually happened was the french police raided a house in the morning. the other guy who was already known to them had been dead and also been previously convict dead in germany. they raided the house. the guy wasn't there. they found bomb making equipment and later on that day, the same guy went into the christmas market and killed three people. he wanted 12, six of whom have life-threatening injuries. he then hijacked a taxi using his gun and made off in a taxi. no one knows where the guy is.
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the assumption is that is across the border into germany. but clearly a very frightening, very nasty incident and it raises big questions. when you've got people commit to these offenses, does it make sense to let him out of prison? stuart: yes, another crisis in europe at a particularly crisis prone time. i want to talk to you about theresa may facing the confidence vote. we are told that she does have the vote to stay in power are coming to as prime minister. that's what we're hearing. i guess you don't approve that because you don't really like theresa may do you. the alternative is much worse than what you've got surely. >> i don't think so, no. i think she is awful. it leaves us tied. stock in the e.u. for an indefinite period.
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here's some reality. a third of conservative mps have jobs with description. they're on the payroll. so people who got increased salary generally don't vote to get rid of it. add to that the back bench conservative mps are their own principles. they are there for a career. i'm pretty certain she will survive as prime minister. i'm also pretty certain that the deal shoes cobbled together will not get support in the house of commons family lurch from mr. into next my guess in a similar position. stuart: that sounds like chaos to me. thank you for joining us. we appreciate it on a very difficult day. thank you indeed. president trump is going to sign an executive order today on opportunity zones. the order encourages your investment in low-income communities. joining us now come us now,
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housing and urban development secretary been cursing. let's get right at it. if i'm a private-sector investor, i've got private money go into one of these opportunity zones, what do i get? >> you know, this is the wonderful thing in the past you got nothing on that is why these areas have been neglect of economic way. but now you can take your unrealized capital gains and invest them into one of the opportunity fund long-term if you're willing to leave it in there for five years you get a 10% decrement on the taxes you would owe on the capital gains, even an extra two years to get another 5%. but if you want to go the long term and leave it for 10 years, you have to pay no capital gains on the increase from the investment. stuart: so the capital gains tax break for outside private investors who may want to -- to make some money in the market or
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wherever. they've made a capital gain, but some of that money into these enterprise zones and they get a capital gains tax break. is that roughly what's happening here? >> that's exactly right. it's a win-win situation. they get a tax break and we finally get the investment we made in the areas economically neglect it. and then we couple that with the many programs we have like the rental assistance demonstration program which create public-private partnerships and takes over the public housing stock and converts it into something that is really nice. in the new market tax credits, all of these things together give us the possibility of doing something that has not been done before. stuart: interesting. you have to address this place. the reports that ivanka and jared kushner could benefit financially from these opportunity zones. your response, sir. >> my response is the opportunity zones were chosen by the governors of the 50 states,
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the district of columbia and are five territories. has nothing to do with ivanka or chariot or anybody else. there are going to be people all over the country who do have properties located within the opportunity zones. i hope that everybody who owns the south's benefits. we need to look at not how do i keep you from getting something, but how do we create a situation that blossoms for everybody? stuart: yes indeed. we'll be following you with the president signed the executive order later on today. it's always a pleasure. don't be such a stranger to us. >> my pleasure. thank you. stuart: next case, bernie madoff ponzi scheme are getting paid 10 years after his arrest. $419 million has been paid out in total. the money will go into 880 accounts.
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the total payouts have totaled 12 billion since the collapse of bernie made us $19 billion scheme. it numbers. delta airlines ending zone boarding. now passengers will be seated based on ticket type with each fare class assigned a different color code. delta says the goal is to discourage customers from lining up in the gate area and are trying to speed up the boarding process. good luck. two groups of central american migrants went to the u.s. consulate in tijuana, mexico demanded the trump administration let them into the country or pay them $50,000 each to go home. you can't make this stuff up if i really did happen. after yesterday's dramatic meeting between president trump and democrat leaders pelosi and schumer, the president said he'd take the blame for a shutdown from a government shutdown. former acting i.c.e. director
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but how we deal with other nations for trade and barriers and terrorists on those types of things. in this particular issue it looks like they're signaling the right direction. obviously i cite open your other trade barriers come down, but in the meantime the signals were good and we hope everything moves forward in that way.
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>> i don't want to do what you did. >> i will shut down the government if i don't get my wall. stuart: do you want to know something? >> you set it all take it. >> you know it all say? yes. if we don't get what want one way or the other whether it's for you, through the military, anything you want to call, will shut down the government. and i am proud to not tell you why. i am proud to shut down the government for border security, chuck. the pupil of this country don't want criminals and people that have lots of problems and drugs pouring into our country. i will take the mantle. i will be the one to shut it
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down. i'm not going to blame you for it. the last time he shut it down it didn't work. i'm going to shut it down for border -- >> you shouldn't shut it down. stuart: i think the president won hands down. that's my opinion. it was must-see tv the showdown in the oval office or the president says he'll take the blame for a government shutdown. time to bring in tom homan, former acting i.c.e. director. get into this a little bit. senator schumer said experts say you don't need a wall for border security. what's your response to that? >> well, they didn't talk to this expert. did they talk to the men and women wearing the green uniform on the border? has schumer ever been on the border to see what happens down there? i said it many times in the show. everywhere they build a border barrier. it worked. illegal drugs decline. it's proven effect give 100% of the time.
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what the president should of did on national tv is asked chuck schumer this question. you voted for border barrier in 2006. watching other than me being president and the continuing resistance of this administration. stuart: if push comes to shove, do you think the president should shut down the government if he doesn't get border while funding? do you agree with that? >> yes, absolutely. the president is watching i implore him to shut it down. stop playing this game. politically, schumer, your number one responsibility is to protect the nation and the sovereignty of our country. what is the downside of securing our border? no one can answer that question. last drugs, less name-calling criminal organization. there is no downside. we have a right to defend our borders. that's your number one responsibility in these two people have put their own
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political hatred of this president had the responsibility to protect and. stuart: i've got this one for you. two groups of central american migrants went to the u.s. consulate in tijuana, mexico demanded they be led into america or pay each of them $50,000 to go home. your response. you're laughing. >> that's not going to happen. if they want to get to for money go to the organizers of the caravan. they'll decide to come and be part of the caravan. they made them false promises and get the money from them. this government would not be held hostage by these people. we are doing the right thing. stuart: i think the president won this one because they've not come across the border. they have been stopped in because they've been stopped we don't have a line of other caravans on the way. i think he won. >> the president won yesterday.
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he scheduled the shut down. you should own it. he makes tough decisions that will protect this country and need to stand up and say i own it because it the right thing to do for america. he wins the argument every time with the people i care about the national security. stuart: tom, i don't think you should've said that. >> all right. why not? stuart: what did he say, justin? you used a bad word on this program, tom. >> what i say? stuart: i'm sorry, i was having somebody talking my ear but i'm told i've got to call you on it. i'm sorry, i don't know what you said and i'm being told you've got to take it back. you said the sh word. you said that, right? >> did i.? stuart: i'm told you did your >> apologize for that. i get very emotional and border security issues.
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i'm sick and tired. if i use profanity i certainly apologize. stuart: look, i'm sorry about the confusion. i didn't hear you. i was told you set it. i'm not sure what happened. we appreciate that. >> my apologies. stuart: thank you, serbia that move on. oregon's governor k. brown is proposing to put aside $2 million to cover immigrant legal fees. brown says almost half of defendants lacked legal counsel proposed a $23 billion state budget. check the big board still holding again of well over 300 points. 335 to be precise. american eagle came out with a holiday forecast that wasn't really great. nonetheless the stock is up 11 cents. lower sales at dave and busters stock is down 10% right there. a major police shortage. about 700,000 full-time officers working in america down 23,000
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stuart: there is a very significant police officer shortage since 2013 the number of police officers on duty is down 23,000 good that does leave 700,000 on duty. james mcdermott is with us. nassau police pba president is with us in new york is learning. welcome back. you just can't recruit people? you can't get them to work as police officers and if not why not? >> it was much harder because of the job. the problems that police officers are facing on an everyday basis. we get put into impossible scenarios. i saw something that happened just yesterday where a new york city police officers were brought in to arrest a woman that had a child with her. i think it was a 17 -month-old child or the woman had a warrant
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for credit card fraud and they did everything right. they brought resources with them to take the child. the child was going to be taking care of in the woman would not give up her child. so they ended up wrestling the child away from the woman. it was just an impossible situation and the court of public opinion they should have just let her go. so this is what they're faced with. they see that. stuart: the cameras. >> everybody has a camera. when i get the information they get a snippet of it and put it out on social media and top start answering to it. stuart: do you find people setting up recording it liberally to go after the cop? inaccurate sicko a series called driving while black and they did just exactly that. they had black people driving, but in scenarios driving through
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gas stations and cutting through lights and trying to get pulled over by the police and they would record them in going to the station house to make bogus complaints to see how they were treated. anything is possible nowadays. most of the young people the world are seeing now. i have two young sons, 24 and 22. i've been a police officer for almost 35 years or they have no interest in all a been a police officer. stuart: is a very difficult thing to fix. >> start by getting back with the administration, the municipality, the police brass. they are siding with the people that are going against the police officer. and that's more important than backing the police officers. but in a situation to do with job you told them to do the job. they do it to the best of their ability. ask them. stuart: thanks very much for
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coming on the show and pointing out the problem. they don't know what's truly going on and you do. ask for being with us. but i cannot update on this, too. we have this for you depending on where you live. state and local taxes that affect how much you pay at checkout. up next, the states that pay the least. ♪
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stuart: earlier today on this program our producer thought her thomas homan use a bad word on the air. now we went back and listened to exactly what he had to say. he did not use a bad word on the air. we apologize to you, our viewers and to mr. homan for the confusion. we're very sorry about this. now this. which states have the lowest
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sales tax they tied for first place because they have zero sales taxes 0%. alaska second, their sales tax is 1.76%. everybody else, higher than that the tax foundation says because those states don't have a sales tax, doesn't mean residents pay the least amount in taxes overall. oh, no, certainly not. the market, it has been remarkably steady for the last hour. and a gain of over 340 points. i can't remember a time in a half hour period the market hasn't moved almost at all. you're seeing it now. the dow as we speak is up 359 points. positive comments on trade contained in "the wall street journal" today. also theresa may, britain's prime minister, she face as no confidence vote literally about an hour's time, word she will survive. there are enough people in her party, to support her and keep her in her office.
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that is regarded as a plus by investors over here, that along with trade, helped the market rally to the tune of 360 points. look at that nasdaq, technology, stocks, up over 2%. neil cavuto. it's yours. neil: stuart, thank you very, very much. we're following up on what concessions we're rumored to be hearing from the chinese, bit by bit, drip by drip. we'll bring you up to speed why the market is up in and out of session highs. it has everything to do with china making good on commitments it verbally spoken about before but apparently putting details to it. the chinese already committed to buy an additional 500,000 tons of soybeans. that is a big deal because they have been out of the u.s. soybean market for the better part of really half a year, if you think about it, going back to the summer this would be worth up front, about $180 million. that you're thinking but a
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