technology. >> to your point, that's a huge issue. even if they allow tyou to have some percentage ownership of a business there, they might steal it. maria: great show, everybody. have a great weekend. "varney & company" begins right now. stu, take it away. stuart: good morning, maria. good morning, everyone. whoa, a burst of optimism. a lot of positive signs that a mini deal with china will be announced today. this deal would likely include action on currency manipulation, tariffs, buying american farm produce and maybe fewer restrictions on china's tech giant, huawei. president trump said the talks have been going really well, his words, and that they would be wrapped up, his words, today. and he's scheduled to meet china's vice premier in the white house around 3:00 eastern this afternoon. no negative comments from the chinese side. in fact, state-run media released a photo from inside the talks, showing smiles and handshakes. look at this.

the market, this is called a rally. investors want that mini china deal and now it looks like they may get it. stocks are going straight up. look at this. the dow up about 1%, 250 points. the s&p up about 1%, 27 points. the nasdaq, up better than 1%, up 78. that is a rally. we are also covering this. violence and intimidation outside the trump rally in minneapolis last night. oh, it was ugly. the trump haters attacked the police and trump supporters. senator tim scott said people across the country are quote, consistently being intimidated. watching what happened last night, senator scott said it sickens my stomach. yeah. there's a lot going on today. we are going to cover it all. "varney & company" is about to begin.

stuart: happening overnight, a rocket attack on an iranian oil tanker. it was near the saudi port city of jeda. lauren, what happened? lauren: you had an iranian tanker attacked maybe by two missiles, caused a fire, oil leaked into the red sea. this was 60 miles from that saudi arabian port which is a global trade route. this increases tensions in the middle east but if you look at the price of oil here in the u.s., it was higher by 2%. now look at that. $54.15, only up 1.1%. you have a slowing global economy. that is keeping the price down. and you have a lot of oil right here in the united states. stuart: exactly right. if that had happened five years ago, four years ago, the price of oil would be $100 a barrel. now, american frackers have bailed us all out. lauren: i have been tracking this this morning. the high was a 2% pop early on, right after it happened for wti in the united states. also, you have opec meeting later this year.

they will vow to do whatever they can to sustain the price of oil, but that is becoming increasingly difficult with our production. stuart: i call that a rather weak response to a tanker attack in the gulf. all right. got it. now then, the main story of the day, high level trade talks resuming actually right now in washington. susan, the market is expecting a mini deal. susan: that's right. stuart: optimism all over the place. susan: cautious optimism all over the place. what does a mini deal look like? means tariffs don't go up on october 15th. china buys more agricultural goods. there's some sort of currency pact because we know the chinese central bank governor is part of these meetings as well. will there be more market access, do u.s. companies own more of their companies that operate in china? any little good tidbits that come out of this, as long as tariffs don't go up on october 15th, you will see the market rise. stuart: if the president schedules a meeting with the chinese vice premier in the white house about 3:00 this afternoon, that's got to be taken as a good sign. susan: a very good sign. usually chinese leaders don't

take these meetings unless there's something good that comes out of them, because that's part of their culture. we want to preserve face, save face. in this case, i would say likely, you will be hearing that the tariffs won't go up. you will maybe get a rollback of some of the tariffs promised in december as well. i'm telling you, there's going to be an extension of more purchases of agricultural goods and they will talk about the yuan and you know, less management of the chinese currency and also give companies more access. stuart: like a mini deal. that's it. hold on a second. i have former u.s. ambassador to china max baucus joining us on the phone this morning. mr. ambassador, do you have any doubt that a mini trade deal will happen today? >> well, i suspect that it will happen, but of course, we just don't know. we can only guess. my guess is that it will, because the president would very much like to see the stock market go up, he would like to see the market go up so if

there's not a deal, the market will go down. at this juncture, with the president facing all these issues with impeachment, for example, and lots of other issues around the world, he would much rather see the market go up rather than down. i think the october 15th will not increase, will not go into effect. in december, the increase will not go into effect. and i suspect there will be a soybean purchase and there could be some agreement on the trading. it will be a mini deal. that's my best guess. looking toward a better deal down the road, potentially when president trump and president xi meet. stuart: i'm sorry, i think we just lost audio. i do apologize. mr. ambassador, thank you very much for joining us. yeah, he's there. he did sound very optimistic about a mini deal happening today. i want to bring in a market watcher, jonathan hoenig joins us now. jonathan, i know you have been rather bearish recently, not too

keen on this market. are you going to throw cold water on the trade deal and this rally we've got? are you going to do it? >> look, it is the 800 pound gorilla in the room, obviously. it is all about trade. ceos big and small, this has been their number one issue for months. so there is a lot of anticipation that yes, some type of rally -- excuse me, some kind of deal gets done. obviously the market likes the anticipation. what worries me is when i look underneath the hood, if you will. a majority of stocks in fact are trading below their 50-day and 200-day moving averages. in fact, even yesterday as the market was up, you saw more new lows than new highs. all this means is that the broad trend for most stocks continues to be down. the problem -- the difficulty, the ambassador talked about this, is we are analyzing politics now, not unlike the obama stimulus, trying to figure out the politics, not the economics. that's what makes it so difficult as a market watcher and investor. stuart: just look on the bright side for one moment.

which group of stocks -- look, we're up 250 points here. i want to look on the bright side here. you tell me which stocks, which industries are going to benefit the most if indeed we get the mini trade deal. >> well, i do think there are places to make money, especially the beaten-down sectors that have just been thrown out and lost. one of them i'm looking at very closely are the shipping stocks. these have been decimated, especially because of the trade deal, they have perked up lately. they are completely underowned. i don't think you sell everything because you are worried about the market, but find areas of the market that have underperformed, allocate assets to that and shippers are on my screen right now. stuart: i was trying to steer you away from pouring cold water and i think i managed to a certain degree. mr. hoenig, as always, thanks for joining us. appreciate it. >> have a good weekend. stuart: we are still looking to go up about 200 points plus at the opening bell this morning. susan: there is also hope for a brexit breakthrough also. there is optimism with that. it's not just china. stuart: true. very true.

that is another positive here. the meeting between the irish prime minister and boris johnson went very well, and they were talking about they can see a way the an agreement here. whoa. talk about a change of heart right there. lauren: they had a nice breakfast. stuart: you're right. that is another reason for optimism on our market. i had completely forgotten about it. let's talk wework. i thought they were going to completely go out of business and they are indeed strapped for cash. but look, the "financial times," the british economic newspaper, say a bailout deal may emerge soon. susan: they need the money by the end of november, according to the "ft." interesting where this money might be coming from. jpmorgan and jamie dimon intwined with neumann, the co-founder of wework, they invested at a $1.5 billion valuation in 2014, they were the elite underwriter supposedly in this ipo. they led $900 million in debt to provide a lifeline for this

company. so looks like, you know, jpmorgan, softbank, some of those that are trying to protect their interests are going to infuse new capital. stuart: that's a risk. susan: keep the lights on for now. stuart: chuck some more money in. susan: just a little bit. we already had softbank committing about $1 billion they were going to buy in the ipo, $1.5 billion now in these debt obligations they are putting in. if you already invested $9 billion into this company which is in danger, by the way, of going under in 13 months, i think you want to protect $9 billion. stuart: i can see it. i can see it. there's always the risk you chuck in good money after bad. that's always the risk. susan: very good point. stuart: we don't know the end game on this one. i have some stocks which we are watching for you today. they're in the news. first of all, apple. it is in record territory and yes, it is worth now over a trillion dollars. wedbush investment firm, they have raised their price target, they say apple goes to $265. it's $232 at the moment.

then there's roku. that's going to be up big today, about 6%. the investment firm citadel has taken a stake in it. how about netflix? that's been beaten down recently. it reports earnings next wednesday, as we walk up to the opening bell today, it's up about 1.5%. and this one. activision blizzard. it's facing an internal revolt over its response to the hong kong/china controversy but it's going to go up this morning, 1.25%. it's at $54. more on all of those stocks in just a moment. overall, this is a rally. a gain of just under 1% for the dow, just under 1% for the s&p, right at 1% up for the nasdaq. here's a story for you from amazon. releasing a political manifesto, outlining the company's views on a range of social and political issues like climate change and immigration. got to see that. the stock's up premarket. nbc's cable outlets refusing

to air a trump re-election campaign ad aimed at joe biden. the company wants changes made. and president trump going hard at joe biden and his son hunter during last night's rally in minnesota. watch this. >> hunter, you're a loser. and your father was never considered smart. he was never considered a good senator. he was only a good vice president because he understood how to kiss barack obama's [ bleep ]. ♪ ♪ ♪ ♪ ♪ ♪ ♪

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for a long time. stock's 8% higher. wendy's reporting strong sales and gave a rosy outlook. they will be up. this is just coming at us. general motors management sending a letter to all employees, this updates them on the labor negotiations. grady trimble, is there anything in the letter that signals the end of the strike four weeks long is going to be in sight? reporter: based on the contents of this letter, i wouldn't say there's an end in sight. the first thing the letter does is it acknowledges how hard the strike has been for the employees, the company, suppliers and as well as dealerships, but then it goes on to mention two offers. one, an offer that general motors made before the strike even started, and then one that it put forward on monday. here's what it says about that offer. we felt it achieved our mutual benefit, it would increase compensation through wages and lump sum payments, preserve

industry-leading health care benefits without increasing out-of-pocket costs, enhanced profit sharing and improve the ratification bonus which is essentially a signing bonus when the contract is passed, for temporary workers, the letter says, our offer also would create a clear path to permanent employment and again include a signing bonus. but stuart, we know it's unclear, you know, whether the union responded yet to that offer that general motors put forward on monday but what we do know, according to multiple sources, general motors' ceo, mary barra, called for a meeting with the top negotiators on her team as well as the top negotiators on the uaw side, and the whole idea of that was to kind of inject new life into these conversations, and it seems to have worked as the sides have kind of gotten back together. again, it just doesn't look like there's an end in sight based on this letter and based on what we're hearing out of detroit this morning. stuart: i think she's calling for non-stop negotiations and i think that may have helped the stock because it has gone back up to $35 a share.

thank you very much indeed. now, there's a lot of backlash over the support for hong kong protesters. i'm going to start with the video game maker activision blizzard, which sided with china. that company suspended a professional gamer who wore a gas mask to support the hong kong protesters. well, now the company faces an internal revolt. tell me. susan: yesterday we also had a few dozen of their employees walking out in protest of this in california, and this is because they feel that activision blizzard has sold out to the chinese communist party, according to a lot of the social media pages, including on reddit. this is not a good time for activision blizzard. they have underperformed the market, down nearly 20% on the year whereas the s&p has gained about 6% over that period. when you are depending, your future, by the way, on a market like china, like a lot of other companies, you can name it, apple, et cetera, some would say you need to appease the authorities. so one of the analysts says if

you are getting 10% revenue from china and also one of your largest stake holders is tencent which is one of the largest companies in china, you obey by their rules. stuart: appease china, the stock goes up a little bit, but you've got an internal revolt. all right. susan: fine balance. stuart: let's get more on this. protesters in hong kong, the protesters, we are told they are debating a halt to the vandalism. tell me about that. susan: it's about winning hearts and minds in hong kong. that's kind of why carrie lam, the hong kong chief executive, embattled chief executive, pulled the extradition bill. now the hong kong protesters want to win the hearts and minds of most of the population in hong kong. they don't want to see this. they don't want their city represented by fire, tear gas and vandalism. however, i would say most of the targets of vandalism so far have been chinese mainland brands like the bank of china, for instance, has been one of their main targets. but they want to avoid say the mom and pop shops or some of the, you know, those brands that are not involved in what they see as oppression. stuart: winning hearts and minds

of the people of hong kong. trying for it. all right. google is taking a page from apple, removing a controversial app linked to the hong kong protesters. you got any more on that? lauren: it was a mobile game. pretty interesting, called the revolution of our times. it was where the players could role play and it was developed by someone in hong kong. just to educate people about what was going on, he said 80% of the proceeds from the game are going to the legal fees of the real protesters, but this game was pulled from google because their policy says they prohibit developers from capitalizing on sensitive events which is what these protests are. final thing. apple pulled their app because of tracking of police and the like. google has a very small presence in china. most of their sites are blocked there. so it's a much different story in that respect. stuart: apple and google, both stocks up this morning. overall, the market's going to go up nicely at the opening bell.

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stuart: there is, look at it, you can see it, there is a fast-moving wildfire, that is near los angeles. thousands of people evacuated

overnight. remember, please, pg & e has shut off the power to thousands of customers in california to stop these wildfires. now, wait a minute. lauren, what am i hearing here about the governor calling out people, who is he saying is greedy here? lauren: pg & e, which by the way is bankrupt. gavin newsom says this is -- wait, you will like this -- is not a climate change story as much a story about greed and mismanagement over the course of decades. and neglect. a desire to advance not public safety, but profits. here's the thing. pg & e is getting ridiculed for this, they overreacted to the threat of wildfires by trying to shut off the power so the lines wouldn't exacerbate a fire and that overreaction is getting criticized for being proactive, i suppose. that's what gavin newsom is saying. about 500,000 households still have no power. 100,000 people near l.a. were

forced to evacuate because the conditions are bad for the spreading of fires right now. stuart: that's live pictures, by the way. where he gets greed from on the part of the bankrupt pg & e over decades. okay. before my head explodes, i will move on. by the way, one of the catastrophe stocks, generac, they always do well at times like this. when the juice goes out they make real good generators. their ceo is going to be on "the claman countdown" at 3:00 this afternoon. by the way, that stock went to a new high yesterday on the strength of the california blackouts. we are still going up about 250 points at the opening bell, a little shy of 1%. same with the s&p. and the nasdaq, up exactly 1%. it is a rally. we will show it to you in all its glory after this. ♪

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stuart: nbc is refusing to air an anti-biden trump campaign ad. first of all, susan, what's in the ad? susan: well, the ad alleges that biden promised ukraine a billion dollars to fire a prosecutor looking into ukraine gas company that had ties to his son hunter biden. stuart: as nbc said why it banned it? susan: they haven't given any specifics on that but it did air once on msnbc. however, the ad also aired on

fox, cbs and discovery as well. stuart: what's the campaign saying about it? susan: they are saying our ads are 100% accurate. stuart: banned on nbc. what's that expression, banned in boston? i can't remember. you should know the answer to that. the opening bell is ringing and you are going to like what happens right now. the market is open this friday morning and we are going up right from the get-go. immediately, we are up 250 points, right there. that's a 1% gain, right off the top. almost all of the dow 30 are in the green. the s&p is up better than 1%, 29 points. that's a strong rally right there. show me the nasdaq, please. doing very nicely, thank you very much. up almost 100 points, that's 1.25% almost. we've got some china stocks on the air for you. the optimism about a mini china trade deal is clearly infused into these china stocks. look at alibaba, full disclosure, i've got some of it, alibaba is up over 2%.

3% up for jd.com, all the way down the line, talking two and three percentage point gains. apple, we are telling you right now, it has hit an all-time high. it's at $233 per share, worth now well over a trillion dollars. we better show you the rest of the big tech stable, so to speak. all of them on the upside and very nicely so, too. apple, google, amazon, facebook, microsoft, all of them on the upside. big day. who better to join us than joel shulman, he is here. well done, fellow. well done. susan lu and lauren simonetti, all together. joel, there's one big deal going on here and that's the expected mini china trade deal. am i right or am i right? >> you are absolutely right. stuart: thank you. >> china has dominated the interest rate cuts, increases and so forth. clearly china trade deal's the big thing that's driving the market. fangs should do well. no bigger gainer will be fed ex

among the entrepreneurial companies that we follow. stuart: do you think this could be just a blip? good news, optimism on trade, we blip up and then what? >> well, we have seen this happen about ten times in the last year, year and a half. i mean, there are two days before, two days after, we see a lot of volatility. certainly on the day of trading there's volatility. the markets move by as much as 3%, 4% within a short period of time. if there is some sort of small trade deal, you know, we'll see a 3% to 5% increase the next week or so following. well, this is what we have seen over the last couple years -- i mean, last year and a half. we have seen for that one-week period a lot of movement but we have seen this many times before. stuart: so we may go higher still next week, when we get all the details? >> if we get a trade deal, if we get some trade deal. obviously, the extent of the increase will be a function of whether or not -- susan: i think the premise is just that tariffs don't go up on october 15th. you have some sort of good will announcement, they will buy more of your soybeans and you know, you have more access to our market. that's all you need, isn't it?

>> well, no, not 5%. i don't think 5% up on that news. i think 5% up is you have teeth put into regulating them. i think based on just kind of kicking the can down the road, maybe we will see a couple percent. susan: not bad. >> not bad. stuart: you often appear on this program and you are an entrepreneurial investor. you invest in entrepreneurial companies. okay? if that's your wheelhouse, which entrepreneurial stocks do well because of a china trade deal? >> fed ex. fed ex is up -- well, fed ex is down, it peaked april 18th, today it stands about $141 so it's down about almost 30%, 28% from its highs. they dropped just recently so among the large cap entrepreneurial companies, fed ex is going to be the biggest beneficiary, nvidia has large exposure to china but it is up year to date. fangs, facebook, amazon, netflix, google, these stocks move up with trade talks, they move down with trade talks, so they move with the market. stuart: fed ex up 2% right now,

back to $144. you talk about stocks going up all across the board, and now we have crossed the 300 point threshold. the dow at this moment is up 317 points. that's almost 1.25%. a very significant rally. let's talk about amazon for a moment. they have laid out where they stand on political and social issues. it was a political manifesto, isn't it? why are they doing this? lauren: we can call it a manifesto. not sure. i guess they're sick of being attacked because none of their positions have changed, they just laid them out. i can highlight a few for you. stuart: yeah, go. what are they? lauren: the environment, employees started to protest them, saying why are you selling your cloud services to the energy industry, oil and gas. amazon is saying the reason why is we want to help them accelerate their greenness, their development of renewables. facial recognition technology that they sell to law enforcement, that too is controversial, and amazon basically says well, regulate us. we want regulation because right now, it can go both ways. there is positives to facial

recognition and negatives, obviously. they are inviting the regulation. on taxes, they have been beaten up by elizabeth warren, by bernie sanders, by andrew yang, the list goes on. law makers, they are putting their stance out clearly on paper but there was no changes. i think they are sick of being a punching bag. stuart: what's interesting is it's not a left democrat point of view or a right conservative republican point of view. it's just an opinion on the issues which affect them. that seems to me what it is. susan: when you invite regulation, you provide a moat for yourself because only the big companies can afford to meet those requirements. stuart: amazon is on your screens, it's up 16 bucks. it's still at $17.36. joel, didn't you expect it to go back to $2,000 a share? am i must quoting you? >> you quoted me correctly. i think it will come back, especially with a modest trade deal. they have a lot of momentum. stuart: we are keeping on going up, this is the high of the morning. we are up 330 points.

inching higher since the opening bell rang. now we are up 329. how about roku. just look at that stock. an investment firm citadel disclosed that they got a stake in that company and that's a big deal. susan: he knows what he's doing. stuart: he does. this is the roku box, isn't it. the streaming box. you plug it in, you get all your streaming through there. have i got that right? susan: you got it right. up 500%, right, since its ipo? >> one of our best performers. great entrepreneurial company. stuart: you're in it? >> for a long time. stuart: and you still deign to come on this program? big move for bed, bath & beyond yesterday. where is it now? not bad. up a little bit more. that's not an entrepreneurial company. >> it was, you had two key owners there until their late 70s, early 80s. they started milking it towards the end. we track entrepreneurial companies and when the founders,

ceos stay on too long, we get out. stuart: you like the new guy? >> we are no longer in the name. we have been out for about five plus, five to ten years. stuart: i miss the blue coupons for 20% off. i know you get them by, ma e-ma. susan: so many restrictions on them. they expired, first you could use them whenever. stuart: s.a.p., a business software maker, i think they are headquartered in germany. they are one of the largest non-american software companies. they got strong earnings. that's helped the stock go up 9%. their ceo, bill mcdermott, he's been there about ten years and he's stepping down. the stock up 9.4%. how about wendy's. they are going up big after reporting strong sales and a rosy outlook. nice gain there. 2% up on wendy's. 20 bucks a share. bitcoin, i'm guessing it's around $8,300. got it. the price of gold, i'm guessing

it's below $1500 -- yes, it is. $1489. i do know what's coming on the screen. to be honest. look at this. the price of oil. an iranian tanker attacked in the gulf outside the port of jeddah and the price of oil only goes up 49 cents. susan: what about gold not going up when there's a tanker strike? doesn't seem like the dynamics exist anymore. stuart: thank you, american frackers. don't you love them? the yield on the ten-year treasury, what is it? whoa. i would not have guessed that. susan: really? stuart: no. yesterday this time we were around 1.55. now it's 1.71? good lord. that's an extraordinary move. that's money coming out and the price going down. susan: that also indicates there's probably less probability of an interest rate cut later on this month as well. stuart: it confirms no flight to safety. neither oil, gold or treasuries.

ain't no flight there. generac, i have one of these generators, bought it many years ago. it's a bargain. it's really good. they are the catastrophe stock. lauren: have you used it? stuart: yes. when you get a blackout in california, the stock goes up. that's a new high, $87 per share. what do you say? third day in a row, record highs. that's the california blackout for you. the chief at walmart usa leaving the company. he's going to be replaced by the head of its sam's club warehouse. the stock's not moving at all. that doesn't count when the guy moves out? >> well, this is no longer an entrepreneurial company. it was many years ago when sam walton was there. what's interesting about walmart is that this is among all the fortune 500 companies, they are down 131,000 employees. a lot of people don't really pay attention to this news but i think it's a big statement. this one company has taken down and lost more employees than almost any other five companies together. stuart: really?

susan: give the context, because don't 1.5 million still work there? >> over two million. they are down 131,000 employees in the last year. lauren: they are making changes to their business model. they unloaded and sold their mod cloth acquisition, might get rid of jet black. they are going back to basics. stuart: that's a good-looking chart for a major company like that. that is pretty good. susan: on digital, curbside pickup for your groceries. by the way, doug mcmillan is still in place. this guy reports to doug. as long as you still have the executive structure intact, there's no movement on the stock. stuart: look at that. it's 9:40 eastern time. joel can go back to boston with a solid good heart. thank you, joel. >> thank you. stuart: look at this. 319 points up for the dow jones industrial average. that's about 1.25%. it's a rally. netflix is facing a lot of competition in the streaming world. disney and apple, their streaming services both coming out next month. here's the question.

is there room for more than one streaming service? of course there is. how many are going -- how many will be winners? slurring my words. susan: it's friday. stuart: anti-trump protesters rioting outside the president's rally last night. that's an intimidation tactic designed to turn away the president's supporters. we've got more on that coming up after this. this is the age of expression. but shouldn't somebody be listening? so. let's talk. we're built for hearing what's important to you, one to one. edward jones. it's time for investing to feel individual.

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or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity. stuart: high of the day right from the get-go this morning, we have gone straight up and are still moving up. we are up 343 points as we speak. again, in percentage terms, 1.29%. that is a rally. how about slack. okay. they are an office messaging

service, up after they said the number of users jumped 37% in the last year. that's golden news for slack. it's up 5%. how about netflix. they are still ranked as the number one streaming service, got it. but disney plus, apple streaming service, they debut just next month. who's going to stay number one? netflix? tech guy mark douglas is with us, who actually specializes in netflix, don't you? you know more about netflix than the guy who runs netflix. >> i watch a lot of netflix and talk about it. stuart: it's number one now in streaming. does it stay number one? >> yeah, absolutely. i think there were a lot of downgrades on netflix this week but i think goldman kind of got it best when they say there's nervousness about their international growth, but because it's a bit unknown before their earnings announcement, but netflix is still the number one streaming service. the thing to keep in mind on streaming is you can watch espn and you can watch oprah. you can watch netflix and you can watch disney. so it's not a zero sum game and

netflix is clearly the number one player. stuart: what do you mean by that, not a zero sum game? you mean if i've got netflix, doesn't mean to say i don't have disney? >> exactly. it's a different type of viewer. netflix has a lot of comedy. none of that's on disney. they just are not offering the same content. there's content there that people want. they want the hit movies that disney makes, but they also want the comedies, the specials, you know, the other content netflix has. stuart: it's not like netflix is number one and everybody else just gets out of the way and they fail. there's room for, what, three or four successful streaming services? >> absolutely. stuart: profitable? >> every household has streaming subscriptions, and everyone else is competing for the fourth. hbo, apple tv plus, they are competing for the fourth spot. stuart: when you have appeared on this program before, you have always pointed out one of the big pluses for netflix, that they can go directly to individuals. >> right. stuart: they can program directly to you, even they've got a couple million

subscribers. can disney and apple do that? >> yeah, they can, but they're not yet. the thing to keep in mind is netflix is based in silicon valley. disney is based in l.a. stuart: so what? >> netflix is data-driven. machine learning algorithms to know what people are watching, what they want to watch. all of this kind of tech focus that has changed the world, netflix has been using it for ten years. disney is just starting. stuart: so i don't know whether you recommend stocks or not, but bearing in mind what you're saying, netflix at $284 has come way down, is a good buy. >> i think there's a lot of expectation that disney's going to crush it in terms of -- and a lot of that streaming investment is going to go towards disney, which may depress the netflix stock price for a bit. so i think right now, it's kind of hold on netflix, but they are going to continue to grow, no doubt. i always like to say remember the score, netflix, 150 million subscribers. disney is at zero.

stuart: you like netflix? >> i like netflix. i like disney, too. we talked about that before. i actually love both companies. stuart: okay. before we close out with you, i want to talk to you about tim cook and apple. they have removed that app that tracked the police force's movement in hong kong. do you agree with that? >> i don't. and the reason i don't, i think it's very hypocritical. so the u.s. government came to apple a year or two ago to help, to get help in terms of uncracking the phone of the san bernardino shooter. apple sued the u.s. government to prevent that. okay. that's their choice. but then when the chinese government comes asking to take down an app, yeah, we will do that right now. i think it's very hypocritical. stuart: you can understand it, can't you? >> well, there was no proof the app is actually being used to target police officers. stuart: i am firmly on the side of the protesters. >> i am, too. stuart: i would expect an american executive to protect his business's interests. >> yeah. that's the choice. but you know, tim cook has

always taken the high road but it appears at this point, you know, he took the road that was kind of the easiest with the chinese government. stuart: investors love it. the stock is at $233, all-time high. you're all right. thanks for joining us, sir. see you soon. check that market, please. high of the day, right now, high of the day, up 350 points, 28 for the dow 30 are on the upside. now we are up 358 points. all right. we'll take that. how about this. a new poll shows millenials are more likely to resent the rich. in fact, more than a third of them think violence against the rich is sometimes justified. how did we get to that point? we will deal with it, next. to the outside world, you look good,

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stuart: just a few moments ago, we were up 400 points, almost 400. okay. we are sticking with a gain of 373, close to the high of the day, and here's why we just took another leg up. a presidential tweet. i will read it for you. good things are happening at china trade talk meeting. warmer feelings than in the recent past. more like the old days. i'll be meeting with vice premier today. all would like to see something significant happen. that appeared a couple of seconds ago. up went that market right from

the start. lauren: just last night he said do i want to make a deal, yeah, of course, but do i make a deal. so he left that question mark in there. it seems he's more favorable today to make a deal. now you have the dow up almost 4ed had poin4 400 points on that tweet. stuart: new survey from the cato institute says something shocking. 39% of millenials say it's immoral to allow people to become billionaires. next one. 35% of millenials say that sometimes violence is justified against the rich. joining us, a representative from young americans for liberty. i can barely believe that. what's going on? lauren: the problem here is it's become cool to hate the rich. it's become cool to hate capitalism. that's really where we get this rhetoric from politicians like elizabeth warren, like bernie sanders, just this week elizabeth warren said she wants to reinvent capitalism. the fact it doesn't need re-inventing, it needs unleashing.

stuart: when i watch bernie sanders and elizabeth warren, i see them frankly angry, really angry at the rich, angry at billionaires. they fume about it. is that fueling this views of millenials? >> absolutely. it's almost a chicken and egg situation. you wonder if politicians are getting young people riled up or it's the other way around. what's going on, there's this wave of hating wealth. when you hear bernie sanders and aoc say things like it's immoral to have billionaires even though bernie sanders is a millionaire, this really stokes this fire. they are never talking about how people become billionaires. talk about jeff bezos. he revolutionized the way people shop for items they need and made so many things available to people in households across the world. you look at bill gates, who made computer technology something that everyone could have, regardless of how wealthy they were, and really revolutionized the work force. so these are things that have improved our lives, yet they are being lambasted by the left and by young people just because they created things that people like to buy. stuart: i'm shocked. i'm honestly shocked at those

statistics from cato. it seems like the generation, the millenial generation, are you a millenial? >> i'm right on the millenial/gen z line. i can kind of relate to either. stuart: okay. okay. it seems like the motivation is jealousy. income inequality is a part of our lives. we hear bit all the time in the media. people are jealous. you've got it, i want it, i'm going to take it off you. it's a terrible thing. >> the problem here is that they are seeing other people's wealth as some sort of injustice against themselves, rather than an opportunity to get in on the wealth. so really, they should be saying hey, here's this successful person, how can i get into what they have been doing, how can i create a product that people need. but instead, they are saying hey, that guy has way more money than me and that's not fair. that's the wrong attitude and it's really going to have a detrimental effect on our generation, when we grow up and we are running the world, and you know, people aren't coming out with those new products anymore, they are not revolutionizing the way that we buy things and sell things, and

that's going to have some bad effects if people can't realize that wealth is a good thing. stuart: you don't feel like that, do you? >> absolutely not. stuart: you want to be a billionaire, don't you? i want to be a billionaire. emma, thanks for being with us. appreciate it. thank you very much. check the big board. we have come back down a little, not much. we almost touched 400 up, now we are up 365. we just heard why millenials resent the rich. later, i will be speaking to a youngster who loves capitalism and he succeeded because of capitalism. that's in the 11:00 hour. video games supposed to be an escape from reality, but politics have now been thrust right into that world. as a gamer gets punished for speaking out in support of hong kong protesters. the gentleman there on the right. we have a video game insider coming up to comment on that. violent protests outside the president's rally last night. intimidation tactics from the trump-hating left. my take on that, an editorial on it, coming up next. we trust usaa more than any other company out there.

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stuart: 10:00 in new york city. 7:00 in the morning in california. we'll get straight to your money, because, that's a rally. you're looking at it. dow industrials up 366. one and 1/3%. s&p over 8,000 easily. up 1 1/2%. that the is nasdaq. s&p up 1.4%. that is rally across the board based on the expectation after short-term trade deal with china. got it. breaking news on consumer sentiment. we'll see if this affects market. susan: it is positive. 96.3. economists were looking for a small drop to 92. better than expected. strong labor market. higher wages filters into better sentiment which powers 2/3 of the u.s. economy. stuart: sentiment improving

there. a blip up. susan: it was supposed to fall. the fact that it is strong is a very good sentiment for the economy. stuart: i'm not sure we have much reaction on the market. we're staying at a very solid rally. the dow up 379 points as we speak. that is 1.43%. ariel investments chief investment officer is back. i'm looking at market. people are worried it's a blip. a temporary blip up on the good news on trade. is it? >> it could be. we've been here before. i don't mean to be a party-pooper but we should not count the chickens before they come home to roost. we saw this too many times before but this is a positive development for sure. stuart: we hear it has something to do with tariffs. take action on tariffs. currency manipulation. chinese side they will buy a ton of soybeans from the foreign produce area. that seems like a pretty good trade deal.

not a political deal, but a financial deal. economies of both sides why i i? >> i think this is already being priced in, this move that you see. i think reaction to that what i think we should worry about, we might end up winning battle, losing the war. intellectual property, to treat us more fairly on a host of matters. if we don't get to that endgame, that end prize, i think we would have compromise ad bit too much. this is a good sign we're being constructive. they're talking now, instead of walking away from talks. all that is great. we should not declare premature victory. stuart: i know you the cover the global markets. you're looking all over the world. what do you make of this brexit news, that is a deal is possible? we haven't heard language like that in years. >> i don't disagree. it is a good sign. once again i would not speculate.

the market is up big, ftse is up double digits, domestic stocks. i think that is symptomatic of short-covering when awe see a move like that then genuine optimism. stuart: rupal, thanks for joining us. we're up 385 points. that is indeed a very solid rally this friday morning. segue for a second, talk about uber. the stock is up 3%. they have announced what, they're buying a stake in a online grocery store? susan: a grocery delivery company in latin america called corner shop. one hour delivery from the grocery chains. that would be walmart. operates in mexico, chile, canada and peru. part of the americas. but it is interesting, delivery is the next phase for uber's trajectory since we have uber eats, helping benefit the growth in the company. i would be interestedo know why uber didn't want to prothis

type of business organically since they could given how many drivers they have. i think overhang is still about regulation. whether or not drivers are considered employees or are they contractors. stu? stuart: thank you very much, susan. i want to bring in tammy bruce. optimism in the area, not just in the markets but maybe for president trump. you get a trade deal like this. helps the economy. helps him next year. optimism is in the air, tammy. >> it is. yes he is tweeting and going back and forth a little bit. what this reinforces that at least the markets certainly of the american people are used to a man who is doing what he says he is doing. is used to him delivering. it is not really based on what a tweet might mean. we know that he is serious. he is transparent. he is willing to be honest. so it's a market and economy and consumers who can rely on a consistency in making a difference and being successful. so that is helpful. stuart: can we put on the screen again please, the presidential

tweet which we had about a half hour ago i think it was? it was a very positive tweet about these trade talks. bearing in mind as i'm saying there is a lot of optimism in air. i think the presidential tweet added to it. look at this. good things are happening at china trade talk meeting. warmer feelings, that in recent past. more than the old days. i will be needing, i will be meeting with the vice premier today. all would like to see something significant happen. >> we've also got used to him using social media as a negotiation. sending larger messages what he is capable of doing. he is willing not to be pushed into something. just a day or so he was tweeting about what he wanted to do. everyone notices the tweets. i think it has impact. stuart: i'm sorry to interrupt you. for our viewers just joining us. there is a lot of talk about doing something about currency

manipulation in this deal, doing something about tariffs, whether we roll tariffs back or not increase them. we don't know that at this point. there's a lot of talk about china buying a whole lot of our farm produce, notably soybeans. that is a very rough outline that we're hearing about. am i right? sues -- >> there is a little more. china opening up products to investment. that timetable is january 1st, 2020. shows china giving us something. stuart: i would have to say that is progress. markets responding. we're up about 400 points. you think this helps president trump's image in the nation? he negotiated successfully by the look of things? >> this kind of negotiation is possible because of the strength of the economy. we've seen nature of what china is willing to do, expecting maybe we would retreat because it would have negative impact on us. in fact china is pushed into a framework. it's a negative on them.

certainly more so on us. that the only reason you're able to do this is because you have created a foundation that will allow it to, where you can go back and forth. stand a little bit of a pushback from china. clearly this is something that we hired him for, as a businessman. getting right deals. this has been a message from the beginning that he has had. we have gotten bad deals. we've been taken advantage of. he wants to change that. he seems to be doing so. stuart: we have got a rally. i want to put stocks up on the screen which many viewers will hold and want to be interested in. can we go through please, the big tech stocks. all of them are higher. want to see china stocks sharply higher. start with big tech. they will be beneficiaries of improved climate with china. i think all of the big techs are on the upside. apple, record territory, 233. facebook is up four.

184 on facebook. microsoft crossed back above the 140 level. it is up 1%. what have you got, susan? susan: record highs intraday for apple. walmart and home depot as well. a lot of consumer names are rallying, i would say positive u.s.-china trade session so far. stuart: show me the china stocks, please. bear in mind folks, i have a tiny thin sliver of alibaba. i'm pleased to say it is doing very well weibo. what is weibo? susan: twitter or amazon of china like. stuart: weibo? all right. got it. it is up by the way. it is up 3%. alibaba up 3%. jd.com up 4 1/2%. baidu 2%. china mobile 1.9%.

that is because if we get the china trade deal a mini trade deal, the atmosphere surrounding trade is really improved. i think stock markets around the world are up because of this. susan: there are a lot of positives as well for the stock markets. earnings season is starting next week as well. it is not expected to be as bad as expected. expectations earnings and profits will be down 4 1/2%. we were sliding three straight quarters. last time we had low expectations 75% of companies beat. when you set the bar low. stuart: rupal still with us. it is a blip that will stay with us? >> i think this is rotation in the market this is very positive in general. time to look at value stocks as opposed to growth. value has been left behind given people have on manufacturing slowdown and trade wars. there is more money to be trade by taking contrarian side of the trade. i'm talking to my book.

i'm known to be contrarian. stuart: you're allowed to do that. >> you're right. good thing to be contrarian. stuart: on the phone, scott shellady, frequent market guest. scott, is this temporary blip we'll get over next week? >> fool me once, fool me twice thing comes to mind. i want to be very careful, because we've had 12 or 13 of these meetings. i'm also in the camp, stuart, i got back of doing a big tour of the u.s. midwest, farmers are really hurting. it is not good out there. if we get something done with the chinese it will be something substantial, not a short-term thing or small term thing. these guys have gone through enough. we need free trade. i think it guying. talking is better than not talking. coming to the table is better than not coming to the table. i'm cautiously optimistic. i think we're in good times next year. we have to get through this to get things moving. ask folks i talk, to we want

free trade. that is nothing really hard to imagine. this gets us closer. i'm cautiously optimistic. stuart: who is the big winner out of all of this? is there a group of stocks? is there an industry, is there an area of the country that is a winner if we get this mini skinny deal with china? >> there couldn't abettor time for the agricultural community to have something done with china because, as you well know, remember the days of will any nelson and farm aid? we're going through another time like that out in the agricultural community. which really doesn't get a lot of headlines, farmer suicides at all-time record highs. getting a deal done with china for free trade with agriculture and our crops, would be fantastic news for the best time for these guys having the worst time right now. stuart: thank you, scott. i want to go straight to the new york stock exchange. gerri willis there. apple new high.

what have you got, gerri? reporter: absolutely a new high. it is all about apple for traders when i talked to traders what they had their eyes on. they're watching the price movement the stock through its all-time high. the big news if it can close at the highs. if it can go through the closing day highs. got to tell you all eyes on apple. we're talking trade. everybody watching anything to do with trade. very upbeat down here as we see from the -- tweets from the president very upbeat. dan ives, improving his target price on the stock to 265 from 245. think of that on 234. back to you, stuart. stuart: thank you, gerri willis. the dow is up 387 points as we speak. we have a rally all across the board. next we've seen a tax on free speech, a lot of lately. trump haters caused a riot outside of the minnesota rally.

georgetown students silenced kevin mcaleenan. i say we need a free speech movement. what former i.c.e. director tom homan thinks about that. he is familiar with being shouted down. pair of missiles attacked iranian oil tanker off saudi arabia's coast. the price of oil edged higher. only edged higher on that news. five years ago we would have zoomed. activision blizzard facing boycott and internal revolt after suspending one of its top players because he supported the hong kong protests. why do they do this? we're asking a gamer for his insight later this hour. ♪. ♪ ♪

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last night an ugly vision of things to come. violence and intimidation. a riot by any other name. the trump haters vented their rage on police officers and any trump supporters they could fine. watch the video. the left tried to shut the rally down. congressman mark meadows said the trump haters were trying to, quote, intimidate future trump rally supporters. he's right. that is exactly what they were doing. senator tim scott says people across the country, are quote, consistently being intimidated. they're being asked to cower to what he said was a new socialist regime. right again. intimidation is the name of the left's game. intimidation what you will see right through the election. as snort senator scott said last night, it sickens my stomach. he let loose on joe biden too along with hunter biden and his business activities while his

fare was vice president. where is hunter, he said? because hunter has not answered any questions, not recently. it was the counterpunch we've come to expect from a president goaded by weeks of insult. here we have the trump haters who will do just about anything to intimidate trump supporters. a president who won't back off one inch, makes his case and pounds his opponents. here is where i stand. nobody should surrender to intimidation. this is the united states of america, not russia, not china. free speech for everyone. i my next guest will agree. here is tom homan. do you agree with me here? we need a free speech movement, tom. you've been shouted down. >> they weren't successful. i won't be shouted down. you're right. we can't be intimidated. we can't be bullied. they're afraid of the truth and facts because it doesn't support their views. rather than have a conversation

they want to shut you down. stuart: you were appearing in congress and they really tried to shut you up. >> absolutely. >> let's have a look at it. roll tape please. >> i didn't like it under the obama administration either. >> be honest to the american people. you can't fault out trumps in the administration when it happened under obama administration. it is pathetic and sad. >> mr. homan. i control the time. i am the chairwoman of the committee. thank you for respecting that. >> mr. homan, as fellow american i just want you to know your contribution as acting director of i.c.e. under this administration will always be remembered as one that was very ruthless and inhumane treatment of asylum-seekers. stuart: they tried to shut you up, tom. you want to respond now? >> it didn't work. they work for us. thing about the hearings they're not under oath. i am. i kept care whether she has a gavel or not, that doesn't give her time to lie putting outfalls narrative. they didn't give me time to

respond. they are working for us. stuart: they are successfully shutting down the debate. department of homeland security, mr. mcaleenan on the show the other day after being shouted down. he could not speak at georgetown university. there is no debate here. we're being shut up. >> we have to fight back. i had 80 protesters in front of my house on sunday morning. stuart: you did? private house? >> they're not going to bully me. they're lucky i didn't turn the sprinkler system. i let them protest. they have a right to say what they want to say. so don't we. it comes down to facts. they can't handle the facts. can't dispute the facts. facts don't support their position. don't be intimidated. don't be bullied. stuart: you've been honored by the police association. police magazine? >> blue magazine named me the man of the year. it is great honor. i have gotten honor from the president, distinguished service award which is a great honor, a reward from cops because i was one so long.

that getting those award from those you work with part of the family. it's a great honor. i got notified of it. i'm coming back up here to get the award next month it it is something i can think back on, what a great career. stuart: you've been on this program for a long time. you're an honored guest. you better come back again too, okay? >> i do it. stuart: stop that tearing up. you're a tough guy. >> no tearing up over here. there is not a tear in this eye. stuart: i'm exaggerating. mr. homan, thank you very much indeed. good luck. look at this. we were up 400 points at least a second ago. now we're up 402 point. bottom right-hand corner of the screen. the president just tweeting again on china. here it is. one of the great things about the china deal, the fact for various reasons we do not have to go through the very long and politically complex congressional approval process. when the deal is fully negotiated i sign it on behalf

of myself and of our country. fast and clean. we were up 400 points. we're up 400 points now. lauren: optimism. the issue is, the president and liu he, meeting 3:00 hour, typically most volatile hour. fasten your seatbelts. banner said all three major averages were higher for the week. now you get this nice consumer confidence read, progress on trade negotiations and if you look at the market, you got a positive week and a 400-point rally for the dow. stuart: it really looks positive for a mini deal with china to be announced today. susan: what does a mini deal look like? tariffs don't go up on october 15th. don't go up in december. buy a few more agricultural products. china is buying a lot. 1 1/2 million tons of soybeans last week in september alone. might promise 400,000 more

purchases. that is part of this negotiation. also more market access. there might be a currency pact. it is interesting the chinese central bank governor is part of this discussion. he is not usually in d.c. for these. given the administration label china a currency manipulate tore force time in 25 years, this summer, there might be wiggle room on the chinese yuan as it is called. stuart: as i listen to you lay out what this deal may have, sounds like our president trump negotiating team has done rather well? susan: given think so, all the talk they would wait for 2020 or a to negotiate with a weakened president. they're sending hints he might lose his re-election, right? there has been some progress in these negotiations. stuart: made progress on tariffs. we may not be increasing them. i don't know whether we roll them back. we may not be increasing them. we have given away a little on

huawei because i think we're going to offer licenses to companies that may be able to sell, sell, sell to huawei. a little bit of give from us. but on the other side a currency deal, that's a very big deal. if you get any progress there, the chinese are fighting that. if they give a little that is very much a plus. susan: that is something i don't think the markets have seen, i haven't seen in my time covering the markets, but the chinese currency doesn't move a whole lot. it is very managed still. i would be interested to see if they peg it to, u.s. dollar moves or -- stuart: that would be interesting. that would be very interesting. lauren: technology transfer and intellectual property. that is what is missing. that is why we might have a mini deal. look at hong kong, what they're dealing with. people say president xi will wait through the election. maybe negotiating with someone else. when you have the issue hong kong on your hands, maybe you get the deal done.

stuart: got it. the dow is up nearly 400 point. next case. new warnings from the cdc on vaping. they say the number of deaths and illnesses on vaping are rising rapidly. a crack down on the industry is driving cannabis stocks lower. we're following that for you. details coming. millions in california are still in the dark. pacific gas & electric turning off the power to on the risk of wildfires. businesses are feeling the pain. back in a moment. ♪. what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform.

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♪. stuart: we are playing beatles. susan: play it twice? stuart: we could. ask the producer nicely. dow up 402 points. that is up 1 1/2% all across the board. very positive sentiment about the likelihood of a mini deal with china to be announced this afternoon. a couple of presidential tweets which were optimistic about china trade. look at apple. it has hit an all-time high. right now it is at 234.22. that is up four bucks. that is 1.74%. this is a giant company. a move like that is significant. iranian oil tanker attacked about 60 miles off the coast of saudi arabia, right there in the

gulf. brigadier general robert spaulding is with us now. nothing really has happened, has it? the price of oil is up a little bit. we didn't attack anybody. we don't know who hit the tanker. what is going on here? >> well, even before when the had a big saudi attack there wasn't a big move in the markets. i think what that means is the u.s. energy markets are acting as a shock absorber on global energy market. that has been part of the president's all along, plan all along. reduce our impact in the middle east and really focus on growing our economy and our energy markets back at home. i think it is paying dividends. i think we need to double down on that. i think the president is doing that. stuart: the president is moving our troops out of syria. i get the impression, that he wants to move all troops out of all of the middle east and afghanistan included. is that his goal? >> well, i think, if you look at two trillion dollars we spent in

the middle east the last 20 years, think of about how that money could have been invested in infrastructure, development base and infrastructure here in the country that is one of the things he is trying to get back to. he is left with legacy of all the infrastructure and more materials in the middle east. he has to wind down. establishment quite frankly doesn't want too get there. i think we're moving but it is slow. stuart: it is tough on kurds though, isn't it? they are our allies. they have been with us for a long, long time. and now we're withdrawing, they're being attacked by the turks. tough on them, isn't it? >> it is tough but at the same time there is a conflict between the turks and kurdish and president said look, he has been very forceful with erdogan, you need to watch what you're doing there. they will have to work it out between the turks and the kurds. of course we're not completely abandoning them. we are not walking away. we have a lot of economic

benefits going into the kurdish region over the last, you know, 20 years. so we're still there, helping them economically. we still are in some ways militarily as well, but not just in that area of syria where turkey is moving. stuart: general, can i sum it up like this? because america itself produces so much oil, the mideast is is not the flashpoint it used to be? >> absolutely correct t allows us to focus on growing our economy. national security really stems from economic and science an technology proficiency of the united states. something that we lost over the last 30 years as evidenced by huawei, all the investment that china put into their country and their infrastructure and their industrial base. we need to build some of that back. this is part of the strategy to do that. stuart: you're fully on board with the president here, aren't you? >> in this case i was the architect of the national security strategy. i have seen it played out.

i think it will be effective for the american peel over the long run. maybe not in the short run. there will be a lot of controversy. in the long run, we grow our economy and science and technology, we will be a much better country. stuart: general spaulding, thanks for being with us. >> thank you so much. stuart: yes, sir. now let's take a look at california, literally take a look at it. the pg&e, the utility there intentionally cut power for close to a million people. it is an effort to avoid the spread of wildfires. come on in robert gray. i know you're right there at the moment. this has got, the blackout, it has got to be affecting businesses in the area. tell me more? reporter: absolutely, stuart. not only that, here in southern california we had wildfires breaking out overnight, exacerbating the economic impact. if dave pans up the hill there, power lines along the ridge. you can't see it, stuart, because the smoke and wind is blowing flames around. we're looking at $2 billion of

economic impact as people, small businesses are not opening. people are evacuating. area schools are closed down here and up north where there are no fires at the moment. a lot of locations, pg&e doing these blackouts. the governor slamming them for not takinger care of their system and taking better care of the grid. pg&e filing for bankruptcy earlier this year after the liability for some of the fires we've seen in the past couple years, stuart, trying to mitigate some of those losses here. obviously not wanting to spark any wildfires but other than wanting to mitt gait downside losses they would be liable for. a muddled situation for 100,000 folks in the area i am standing in have been evacuated. flames are close. a hospital down there, they have backup generator power, clearly

stepping up to your old stomping grounds in berkeley an san francisco area, smaller cities are in the dark, they have been for some of them a couple days up into wine country as well. this will have a long-ranging effect. we'll see how long this will go on, particularly if more fires are breaking out. if that will then cause other power outages or sparked fires by the power lines, robert gray in the middle of it. thank you, robert. viewers, my old stomping ground was never berkeley. got that? serious stuff here. new numbers from the cdc, centers for disease control. more than two dozen people have died because of vaping or vaping related illnesses, 1000 are sick. more than a thousand. the cdc is issuing new advice to doctors. what is the advice. lauren: 1300 people are sick, minus alaska. this is the advice. doctors must ask a patient about their vaping history.

and then, understand that as you know the weather gets colder, you have flu, symptoms similar to the flu. symptoms overlap. chest pain, fever, nausea. that is something doctors need to know about, and are a wear. left vied of the screen, cannabis stocks are taking it on the chin. they're up in a broader rally. jeffries was very dismal on the sector. slashing prices on many of the stocks by an average 15%. stuart: ouch. a canadian company, hexo, they were down big time yesterday. they're down again today, down 3 1/2%. that is cannabis stock and way down. thank you so much, lauren. lauren: sure. stuart: go back to apple. tim cook defended removing the police tracking app from users in hong kong. what is he saying. susan: in a letter to his team, tim cook writing to remove the

hk live from the hong kong app store. he said it is not about appeasing china. it is about safety. the app was used maliciously to target individual officers for violence and victimize individuals and property where no public and police were present. what this app did, it crowd sourced from contributors in terms of triangulating where police ambulance and other emergency help was. this was apparently helping hong kong protesters evade the police. they say it's a safety issue. they say they are abiding by the rules of markets that they work in, right? that is not having an impact on the stock. stuart: but he is treading a very fine line because of all the business that apple does in china. susan: 52 billion a year. stuart: 52 billion. he has to be treading carefully. that is reflected in the stock. susan: also hong kong protesters, one of the most public faces leading the

protest, joshua wong who led the umbrella movement, on twitter, if we can bring this up, i'm terribly depressed for such a large corporation like apple is chooses to side with the ccp and the notorious hong kong police when hong kongers are still striking for their democracy and americans are concerned about freedom of speech under threat from china. stuart: let me add one thing to the hong kong situation. there is a report this morning that protesters are discussing not doing vandalism. don't set fires. don't break into stores. susan: to win hearts and minds. in order to continue you have to have hong kong residents on your side. the government and hong kong protesters are trying to win majority of people's support. we know the chief executive of hong kong, carrie lam, removed the extradition bill. that was to win public support and also if these hong kong protests, because, look at the imagery that we show across all the cable news stations around the world.

it is usually fire, tear gas, rioting, violence. that is not what the regular people of hong kong, day in, day out want their people to be represented by. stuart: well-said. we're up 380 on the dow. farmers, they good news out of the china trade negotiations yesterday. china will begin to buy more american soybeans. does the president have the farm belt firmly back on his side? that is a good question. we'll ask it too. ♪.

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cost. and, you may be able to save on dental and vision expenses, because coverage is now included with most humana medicare advantage plans. you get all this coverage for as low as a zero dollar monthly plan premium in many areas. and your doctor and hospital may already be a part of humana's large network. if you want the facts, call right now for the free decision guide from humana. there is no obligation, so call the number on your screen right now to see if your doctor is in our network; to find out if you can save on your prescriptions and to get our free decision guide. licensed humana sales agents are standing by, so call now. stuart: holding on to a very strong rally, thank you. we're up 382 point. there is all kinds of talk of a china trade deal being announced today. that's why the market is up. let's go straight to the new york stock exchange and

gerri willis. gerri, optimism in the air, isn't it? reporter: down here too not just on your set. down here traders are optimistic. they say if we get any kind of deal at all, skinny, fat, weight watchers, they don't care, there will be a big rally in the markets, they're telling me five to 10%. this 1.46 move on the dow looks maybe start of that as people look ahead to some kind of a deal. so lots of optimism, having said that. if it doesn't happen, won't be good for markets either. look at s&p indexes going higher, industrials, materials, financials all higher hire and tech stocks higher especially apple as you've been talking about all day. that is the real tell. people are watching apple to see if it closes at all-time highs. stuart: hold on a second, gerri. the president meets china's vice premier in the white house, 2:45, 3:00 this afternoon. are the traders telling you if a deal is announced at that point,

the market goes up another 5% from here? is that what they're saying? reporter: off to the races. if you get a deal it is off to the races for stocks. remove as ton of uncertainty from the markets, from what cfos are planning. they have answers to their questions. the confusion out there because of these tariffs, what is going on, has made it more difficult to run companies, operate them profitably. when you remove that concern, that worry, that confusion, it is going to be good for stocks and u.s. companies. absolutely, yeah. if he announces a deal, watch out. stuart: optimism in the air. gerri willis right in the middle of it. thanks very much. gerri. i want to talk about the politics of a trade deal as it relates to the farm belt. if we get the deal, farmers get a lot more orders for soybeans, whatever, surely that is good news for the farmers but does it keep the farmers in the president's camp politically?

i want to bring in north dakota senator, kevin cramer, republican from that state of north dakota, which i have to. do you think the president locks in the farm belt if we get this mini deal? >> stuart, you have to be in north dakota today, i had to remove a lot of snow from my garage. you haven't been here if you haven't been in a snowstorm. all that said, the president has the farm belt locked in anyway, is specially places in the west, places like north dakota, south dakota, rectangular spots in the middle of the country because he paid so much attention to us. with regard to a trade deal with china would certainly be icing on the cake but let's not forget leading up to this negotiation coming at some point today, i always guard my china optimism with healthy skepticism because it is china after all, but remember leading up to this, he did finish of the usmca, which is in the hands of democrats in the house. there is a majority of house

members that would vote for that if nancy pelosi would bring it up. she should soon. she wrapped up a very good japan deal that is good for agriculture, especially many crops here in the midwest. started a new negotiation with india, another 1.3, 1.4 billion hungry people. preparing for a uk brexit exit or eu exit which would lead to another i think could be a very good bilateral trade deal. i think all of that puts added pressure and leverage in his, in his tool chest in dealing with china. so yes, a big deal with china would be a beg deal for the farm belt. stuart: despite the snowstorm, you guys are looking really good right now. i'm just talking about the farm belt generally. all the way from north dakota and midwest, all of the rest of it. looking really good. this is a shot in the arm for the whole region, isn't it? >> it would be a big shot in the

arm for the region, stuart. he has done other things recently, good for the farmers, renewable standard, ethanol, challenge between the ethanol producers and oil producers. north dakota is in middle of that. he struck a balance last week or week before. epa administrator andrew wheeler was in north dakota and another hoeven and governor bergman at an energy conference last week talking about that imbalance. they were talking about regulatory rollbacks as it relates to easements, perpetual federal easements resulted in a regulatory taking of farmland. so this president has been very good for agriculture and energy. we happened to be in north dakota to be abundant and in both. the problem we're a little overly abundant in water. they are having a hard time getting soybeans off the field. when they come off, they will be

helpful for the farm deal. stuart: it is never perfect. >> we should strife for it. strife for perfection and settle for excellence as vince lombardi sid. stuart: senator kevin cramer from nor dak. appreciate you being with us. >> always my pleasure, stuart. stuart: different kind of store. how about activision blizzard? they're facing an internal revolt. why? because the company suspended a top gamer, stripped him of his prize money because showed support for hong kong protesters. i have a professional gamer on the show, ask him why activision silence one of the top gamers in the game. this engine leaves your ears ringing. they are transitioning to hybrid race cars. what? can you imagine watching a hybrid race, instead of roaring

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stuart: two positive presidential tweets on trade and a positive outlook for mini deal with china. that's enough to put the dow industrials up nearly 400 points. that is 1 1/2%. gold mining stock prices, they're mostly down. that's because of the u.s.-china trade optimism. the price of gold itself is down, 21 bucks now. 1479. that is a big selloff in gold. let's get to the activision blizzard story. they suspended a game who came out in support of hong kong protesters. they suspended him. robert steinberg, world news entertainment host. clear this up. why did activision blizzard suspend this guy? i guess it was to butter up to china, wasn't it? >> that is certainly the message people are getting out of this now. they feel blizzard is going against free speech by trying the silence the message what he came out to say. he is not an employee of blizzard. he is a player competing in their esports tournaments but he

did come out and make statements in support of protests that are in hong kong. blizzard made an attempt to silence the message quickly, issuing a 12-month ban and $10,000 prize money that has backlashed them. the internet started a hashtag, boycott blizzard and adopting blizzard's own symbols for a movement in the protests in hong kong. stuart: there is an internal revolt of some sort going on there. the proposed boycotts. do you think it will come to anything? >> absolutely. i actually think it is ironic. blizzard made all of this in an attempt to save face in china. you have to understand that blizzard -- china is a massive market for blizzard. they made $7.8 billion in 2018 globally. china they made 12 or 13% of their revenue. they are doing this in an

attempt to appease china. but they are adopting may one of the chinese characters as symbol for the movement. ironically the blizzard may get banned in china and may lose face in the west as more people canceling their accounts. stuart: that is backfiring. captain rob, did you think gaming would become political because i think it becomes political? >> i work for gamer world news which above else is a news program. i never thought gaming would overlap world politics. it appears where we are. i appreciate it. i like to know we as consumers, it is our duty and responsibility to hold some companies accountable f a company comes out makes a statement that you don't agree with it, sometimes it is up to us as collective we don't agree with it and we'll hurt you in your wallet. stuart: we love to hear free speech lives in the gaming world.

that's what we're hearing today. captain rob. see you soon. >> thank you. stuart: hong kong's economy actually shrinking. is it sinking into recession? susan: first recession since 2018, the financial crisis. there are likely more stimulus to be spent by the hong kong government. it makes sense, retail sales plunged by 23%. that is a record plunge. tourist arrivals down 40%. it makes sense, doesn't it? that hong kong's economy is mired in recession. stuart: we're showing video there from monday. susan: yeah. stuart: the protesters are talking about stopping fires and vandalism to get back on the good side of the hong kong people. susan: they have to. again you need the support of most residents of hong kong. if they don't want this happening in their city, they will end it in some way. stuart: well-said, susan. thank you. america has a spending problem. it is going to get worse if we elect a democrat to the presidency. that is my point of view. that is the focus of my take at

the top of the hour, coming up. trump-hating protesters bringing chaos to the president's rally last night. will trump supporters be intimidated and back off? judge jeanine pirro. she never backs off. she is on the show next. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks.

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the new aag advantage jumbo is changing the way people use reverse mortgages, and another way aag is working to make your retirement... better. call stuart: wow. 11:00 right here in new york city, and we've got a rally in progress. we are watching your money. why not. we're up 400 points on the dow jones industrial average. there is a great deal of optimism about a short-term narrow china trade deal. the president meets with china's vice premier 2:45, 3:00 at the white house this afternoon and the president says quote, good things are happening. he's put out two positive china trade tweets already this morning. it's optimism all over the place and the dow is up 400 points. now this. well, well, well, it seems that

the trump tax cuts actually brought in more money to the treasury. the democrats told us that lower tax rates would mean lower revenues but that's not the case. this year, more money than ever has poured in from income taxes and corporate taxes. the republicans were right. the tax cuts pay for themselves. america doesn't have a tax problem. it has a spending problem. this year, the defense department spent heavily and a lot more flowed out from social security, medicare and medicaid. overall, spending was up much more than tax revenue. that's why the deficit went up. i repeat, it is a spending problem, not a tax problem. someone should tell the democrats. their leading candidates are all in with a lot more spending. we are talking trillions here, whether it's the green new deal or free college or medicare for all, biden, warren, bernie sanders, they all want to spend vast amounts of money and they

can't raise it all from extra taxes. that means massive debt. at the moment, politics is consumed with impeachment and congressional deadlock or gridlock, call it what you like. when we get back to looking seriously at the finances of this nation, we should think long and hard about spending trillions that drives us further into massive debt and tax hikes that would ruin the economy. that's what i think. the left needs a reality check and the only people who can do it are the voters. okay? i will get more on that in a second but i have breaking news coming right at me. it's about the federal reserve purchasing treasury bills. how much, and what's the significance? lauren: this hit the tape a minute ago. the dow is now up above 400 points. this moved the market. this is the news. the federal reserve will purchase $60 billion a month in treasury bills to increase the flow of money in the system to keep the plumbing working and they will do so from now until the second quarter of 2020.

to make sure there's money available and the system can work properly. so this is the fed helping the market right now. stuart: stimulus. that's what it is. it's financial stimulus. money flowing into the economy, one way or another. $60 billion a month, i think? lauren: $60 billion a month from now until the second quarter. susan: cash crunch in new york. at one point there were real concerns about that. lauren: if we do get this trade deal, it would be great for the market but it decreases the chance of a fed rate cut at the next meeting. that went from 78% yesterday to 65% today. so this news helps if you don't get a rate cut. stuart: okay. but this news is clearly helping the market. you stick a lot more money into the economy, $60 billion a month, up goes the market, now we're up 420 points. i want to bring in market watcher dan clifton. you know, just a moment ago, we went to the new york stock exchange and our reporter there was looking at what the traders are saying.

they were saying look, if we do get this partial trade deal this afternoon, some of them were saying we would go up 5%. you on board with that? >> well, i'm not sure what the exact percentage is, but this is a very important moment because we are faced with a situation where we are either going to escalate a series of tariffs that were about another $50 billion for next year, or we are going to de-escalate and reduce some of the tariffs and start getting a few structural reforms on currency and some other issues. so the outcome was pretty binary. the market was stuck in a 50/50 range and now it's starting to look like we're moving to the positive side and so ars a result, you are seeing stocks go up, bonds go down, gold go down, and investors are less worried about a potential trade escalation in the short run. stuart: just quickly, reassure our viewers that this is not one of those little blip ups, blips up, i should say, which will be reversed next week. this is not just a blip. it's here to stay, is it?

>> well, i think this is very important for a year-end rally but i want to be clear, i think the way the policy makers will set this is that it will be staged over time to make sure the chinese are implementing this agreement like they said they would. they have a history of not doing that and our trade negotiators, larry kudlow and robert lighthizer, are going to create a series of timetables so this won't be the end of the story, but we're at the beginning of getting some positive reforms and hopefully, the two sides out of their own self-interest, because short-term economic growth is slowing, will stick to the deal and these gains can continue. stuart: i want to ask you about my editorial at the top of the hour. tax problem, we have a spending problem. we just keep on spending more and more and more. my question to you, dan, is what happens if say elizabeth warren is the president of the united states? >> well, first let me say you are absolutely right. we spent $338 billion more in the last 12 months of federal

spending, maybe the largest increase ever in u.s. history, and don't think it's not associated with those repo problems you were just talking about, why the fed has to buy some treasuries. the deficit is going up because of federal spending. the idea that we're not spending enough and that more spending is needed seems a bit absurd to us given that we are approaching a $1 trillion deficit and tax revenues grew 5% over the last 12 months. stuart: would you recommend selling stocks if elizabeth warren or bernie sanders or joe biden -- let's keep it to sanders and biden, if they get the nomination for the democrats, would you be inclined to sell stocks? >> we always have a decline in the stock market when a new political party takes over. that's natural. but some of the proposals that are coming out from warren or sanders are beyond the traditional mainstream of democratic politics, to the left of barack obama. you're talking about taking people's wealth and stealing from them and i think the market's going to have to have a risk off until we get better clarity on what exactly those

presidential candidates are going to do. if they have control of the senate and they can implement those reforms there's going to be pressure on the market. there will be more pressure on the federal reserve to provide cushion for those fiscal policy mistakes being made by those democratic -- stuart: i just want to point out that when donald trump took over from a democrat administration, it went to a republican administration, the market went straight up. >> let me make one point. the stock market went down 3% in the leadup to donald trump's election because the market was so much smarter about this election than the pundits and the polls were. the market had a pricing-in effect. it lasted about four hours, that selloff, after donald trump won, because they knew he was going to do tax reform and deregulation, and markets love that. this would be the reverse of that donald trump election. stuart: dan, thanks for joining us. very poignant day today. thanks very much. appreciate it. okay. we have what we call on this program a watch list of the big movers of the day, stocks that are big names, maybe you own

some of them, and they're in the news. apple, top of the list there, that is a new high. $234 per share, way above the trillion dollar valuation. roku has received a nice -- did somebody take a stake in roku? susan: ken griffin. stuart: that's good for a 5.5% gain. netflix, okay, they report next wednesday. they have been under pressure recently. nice bounce today, though, five bucks higher, 2%. as for activision blizzard, you heard their story. essentially, they were responding to that gamer who called out china, et cetera, et cetera, et cetera. more on that in a second. right now i want to go to amazon. i've got news on that. they are releasing a political manifesto. that's unusual. stating the company's views on a range of social and political issues, climate change, immigration. we'll have more details on what they're saying, it's not a left/right thing.

it's an issue thing. anti-trump protesters rioting outside the president's rally last night. they didn't stop the president from touting america as the best game in town, though. judge jeanine pirro on that, next. >> for the next 13 months, we are going to fight with all of our heart and soul and we are going to win the great state of minnesota in 2020. america now has the number one economy anywhere in the world and it's not even close. ♪

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stuart: a federal appeals court just ruled that president trump's accountants must turn over eight years' worth of his tax returns. the ruling is seen as a loss for the president, who would have had to turn over tax returns to the house oversight committee. so that ruling just coming at us. some analysis a bit later. take a look at this one, please. amazon has laid out a political manifesto. the stock is up despite that. it's all about the company's position on big political issues, but lauren, i don't see this as a democrat versus republican thing, a left/right thing, is it? lauren: not really. they might be positioning themselves for an elizabeth warren presidency, if you will, because she's threatened to break them up. basically, they are talking about what bernie sanders, what elizabeth warren, what andrew yang, what their own employees have said about them, that they shouldn't sell their technology, facial recognition, artificial intelligence, to law enforcement, that maybe they should have some regulation,

that sthey shouldn't sell their cloud services to the energy industry. they are addressing these key issues, minimum wage, taxes, et cetera, in a 1300 word manifesto. stuart: the stock is up 22 bucks. next one, google. now, this was a shock to me. susan, am i right in saying google, of all companies, has given money to people who do not believe in climate change? susan: climate deniers, yeah, this is pretty shocking. according to the guardian, they say google has made substantial contributions to some of the most notorious climate deniers in d.c., including the competitive enterprise institute, the cei, which they say the conservative policy group is very instrumental in convincing president trump to leave the paris climate accord. they have also given money to the state policy network, which is an umbrella network that also includes heartland and they

actually, remember the swedish teenager? you know, google was saying we support groups on both sides. stuart: they are buttering me up. that's what they're doing. did you hear that laughter? the president was in minneapolis last night. hundreds of protesters were there, too. they were kind of violent. they set fire to maga hats, they called some trump supporters nazi scum, et cetera, et cetera. judge jeanine pirro is with me, host of "justice with judge jeanine" and the author of a fine book, "radicals, resistance and revenge." there's a lot more in that title. >> the left's plot to remake america which is what they're doing. stuart: they were trying last night at that rally, that was a deliberate attempt to intimidate trump supporters. intimidate the president. >> you know, they are doing it everywhere. you know, i talk about it in the book. the left's plot to remake america is to intimidate the trump supporters, it's to make

sure that they clip their first amendment free speech, political correctness today is the enemy of free speech, so all of us who support the president are deplorable, islamophobes, homophobe, any other phobe they can think of. what happened last night, i got to tell you, i got to turn back to the years i was a d.a., that is disorderly conduct. why weren't they arrested? you cannot protest, grab hats off of people, burn them, prevent people from leaving a peaceful -- how many tens of thousands were in that particular auditorium listening to the president, then a few hundred on the outside are preventing them from leaving. as far as i'm concerned, that is not justified. that is something that is criminal. why did they not make arrests? because they are in minneapolis and because the mayor is someone who doesn't think that's such a bad thing. you know, the chairman of the democratic party, stuart, was asked why these people who were

outside were so violent and so insistent on creating havoc and anarchy and he said you know, it really was created inside by the president. so this is all the president's fault. you know, there's a fundamental concept in criminal law and it is this. if someone says something, it is never justification for you to use physical assault. but they are trying to upend even the laws of criminal justice. no one's entitled to the presumption of innocence, certainly not bret kavanaugh, certainly not the president. in this particular case, they are upending fundamental criminal law so if you say something, we are going to beat you up. stuart: hold on one second. i'm going to run a clip from the president last night, some videotape. i want your comment on his tone and style and performance. roll tape, please. >> peter strzok. remember he and his lover, lisa page, what a group.

she's going to win, ten million to one, she's going to win, i'm telling you, peter, i'm telling you, peter, she's going to win, peter, oh, i love you so much, and if she doesn't win, lisa, we got an insurance policy, lisa, we'll get that son of a [ bleep ] out. the phony russia hoax. lisa, i love you. stuart: well, hold on. look, we're sitting here, we're entertained and i am, and i think you are, too, but you know what? there's an awful lot of people in america who do not want to see their president talk like that. have that tone of voice, perform like that. that makes him unpopular in a lot of people's minds. what do you say? >> it makes him extremely popular in other people's minds. stuart: that's true. >> that's why he was elected president, because he speaks in a way that the ordinary american understands and gets it.

look, i want to juxtapose that against what peter strzok said in an intelligence hearing when he then tried to -- he actually lied about what the president said in the midst of a hearing. this is a political rally. there's a certain amount of leeway that you have. when peter strzok, the chair of intel, lies about what the president said on that ukraine call, that is objectionable, that is criminal. stuart: did i manage to get the book on to the top ten bestseller book list yet? >> "new york times." absolutely. i owe it all to you, stuart. stuart: judge jeanine, thank you very much indeed. how about this one. beer without the buzz. that's right. brooklyn brewery, one of the top craft brewers in the country adding its first non-alcoholic beer. why? we are going to head to the brooklyn brewery to find out. seriously, we are. ♪

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the right word, brews? they make hard seltzer and that's why they think the stock is going to go up some more. i'm staying on beer. want to know what the big trend is in beer? it is non-alcoholic beer. yes, it is. kristina partsinevelos is at the brooklyn brewery where they are now making non-alcoholic stuff. why would anybody drink that? reporter: well, think about it. you know, it's not just because people want to stay sober all the time. it's not just because they're pregnant. it's because of health and wellness. this is a giant trend we are seeing in the industry. right now i'm in the heart of the brooklyn brewery, where they are labeling some bottles but the focus, like you said, is on the new special non-alcoholic beer. know what this is? this is 83 calories. it is a lager, relatively hoppy. you are seeing all these kegs and what is happening in the beer market is that there's a

trend towards healthier products, and overall, year to date, the beer institute says that beer sales have declined 2.5%. so a lot of companies need to diversify. you brought up hard seltzer before. here, you are seeing a lot, they make about 100 kegs in this room alone but they need to diversify which is why it's becoming more popular, because the younger generation is not looking to get drunk all the time. they want to be productive in the morning. so this is their latest one they have launched. it's going to be launched in november in eight states, then in january 2020, they are going to be in over 30 states in the new year. something like this will set you back about ten bucks for six cans so because it's tv and unfortunately, i think i just shook this so this is probably going to be bad tv, but i will let you know what it tastes like. oh, yeah. stuart: sprayed it all over you. >> it's a little bit before

12:00. wow. this is really pretty. sorry, guys. i would say it's hoppy, and does taste like beer. cheers. stuart: cheers indeed. well said. youngsters don't want to get drunk all the time. very interesting report there. thank you very much for that. i'm sure you're all right. okay. cheers. we're watching the market, of course. the president is saying good things happening on china trade. that's why we're at a new high, 460 points straight up. stay with us, please. ♪ ♪ ♪

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and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today. stuart: whoa, look at this. now, that is a rally. 1.75%, 460 points up for the dow. i want to get another voice on this and bring in keith fitz, joining us on the phone. keith, are you sure that this is not just a one-day blip that's going to be reversed a little time later? >> you know, there's never any guarantees that that's the case, stuart, particularly when you got 80% of the market on auto pilot. however, traders are picking up on something they can't afford to miss. even an imperfect agreement is going to put global growth back

on cue and we have china's attention now. so this is what they're playing to. stuart: it's a terrific rally. we have been visiting the new york stock exchange and heard from some traders who think that look, when this deal is announced, if there is indeed a deal announced today, they're saying stocks could go up maybe 5%. at the moment, the dow is up 1.75%. do you think a 5% gain is realistic thinking? >> well, i tell you what. when i used that term a couple weeks ago, a rip your face off rally, this is the kind of stuff i was talking about. this is not even a taste of how fast and how furious the rally will be. this is amateur hour compared to what i think is going to happen if we get a real agreement. stuart: wait a second. we've got the president meeting with the vice premier from china, 2:45, 3:00. i presume there's going to be an announcement either right there and then, or shortly thereafter. you think we could get a huge rally on top of the one we've

already got if and when that deal's announced? >> well, again, if there is a real agreement, absolutely, no question in my mind. i have been to this rodeo a number of times. this is how china plays ball. i think what's going to happen is they're going to come out and we're going to see language that says hey, we are sympathetic, we are working together, we are sincere. that's going to put a little bit of a damper on it. but nonetheless, it's still going to continue. that's real. stuart: it is real right now. keith, thanks very much. we are up 482 points as we speak. big winners across the board here. 484 points. ever so gradually rising, moving up and up and up. look, there is optimism in the air. treasury secretary mnuchin, trade rep robert lighthizer, all smiles as they arrived for the trade talks early today. you see china's vice premier right there. this is earlier today. lots of smiles. and the president came out and tweeted twice, one time he said look, good things are happening.

deirdre bolton right there in washington, d.c., right outside the trade talks. is the optimism palpable down there as well? deirdre: it certainly is, stuart. you remarked on that arrival which was a lot cheerier than normal. i do want to mention that treasury secretary steve mnuchin, we saw him leave the building just a few moments ago. however, as far as we know, u.s. trade representative robert lighthizer still inside with the chinese premier, liu he, with the rest of the chinese delegation. you may hear background noise. there are protesters here. the message seems to be from the protesters one of china being corrupt. i want to allude to something you said in one of the president's tweets. you saw the second one, he sent out today, essentially that he can negotiate what needs to be negotiated, he says basically without the long approval process in congress and he said when it's negotiated, i sign it

myself on behalf of our country, fast and clean. sources telling me that this is a game changer, that later at the white house, from what we understand, at 2:45, president trump will be in the room and many people say that can move the ball forward in ways that we have not seen it before. two moving parts i want to talk to you about. one is that on october 15th, as we know, the u.s. was scheduled to increase the tariffs from the current rate of 25% to 30% on about $250 billion worth of chinese goods, so our sources are telling us if the u.s. holds back on that, that will be seen as an effort of good will on the part of the united states. the other thing that i think is even far more interesting, to be honest, is this morning, we got this report from the chinese securities regulatory commission saying that if any u.s. financial firm sets up in mainland china in the new year, so january 1, 2020, those financial firms will not have to

partner with local chinese firms in sort of joint ventures we have seen before. as we know, that's really at the crux of how the i.t. theft happens. a u.s. company wants to go, wants to open its doors in china, they have to partner with a local business on the ground so this is coming from the chinese securities regulatory commission, saying as of january 1, if you are a financial services firm, you can go there and function independently. we have been covering all that's going on in hong kong. personally, my take is this is another way to stop hong kong in the sense that that is the banking and financial center for most western companies in asia, so listen, if u.s. companies can go and open their doors happily, easily, do business on the mainland in china, that hurts hong kong. stuart: excellent detail there. excellent detail. very important. i think you probably helped push the market to a 500 point gain. hold that shot. it's going to go to a 500 point gain any second. we are at 498 on the upside.

okay. can't wait any longer. we are almost at 500 points higher. now, i want to stay on the china story. there are sidebar stories going on here. the video game publisher activision blizzard, they censored somebody who won a game and took his money, now they're faced with internal protests and walkouts. tell me more. susan: yesterday we had more than a dozen walking out of their california headquarters and then today, as they move on towards blitzcon, their big convention on november 1st, they are facing a corporate culture crisis internally because employees are upset. you read it on social media, upset about what the company did in terms of censoring what they see as free speech. they suspended the gamer, took away his prize money all because he held up a sign saying liberate hong kong. now you are looking at me, but i think you have to do internal calculations, right, when one of your largest shareholders is one of the largest chinese companies in the world and you get 10% of

your revenue and growing, mind you, from the chinese mainland. stuart: the stock is actually up. susan: yes, it is. underperforming over the last 12 months. stuart: they are playing very carefully with china and the stock is up. got it. thank you. a group of protesters, the hong kong folks, are meeting. they might start scaling back on the vandalism. that's the latest we have heard. lauren: you have seen the fires, the vandalism at shops on the railroads and banks in particular as well. this is giving concern to the protesters they might be losing the battle to win the hearts and minds of most of the hong kong residents. stuart: knock off the firestarting and vandalism and you might win hearts and minds amongst the ordinary people of hong kong. susan: don't give the advantage to the hong kong government. stuart: that's an excuse to crack down if you keep doing that. there's more on google, too. they have removed a game from their app store. now, this is related to the hong kong protests. what's the game and why did they move it? lauren: the revolution of our times. it's a mobile game that lets

players pretend and role play as the protesters. google removed it because their policy prohibits developers from capitalizing on sensitive subjects. of course, the protests are a sensitive subject. keep in mind, apple pulled one of their developers' apps. apple does a fifth of their sales in china. google has very little business in china because most of their sites, whether it's gmail or youtube, are blocked. they still made this move. stuart: we are seeing a broad-based rally and of course, this is about the optimism surrounding this possible mini deal with china. look, at the moment, the dow is up 486 points. it's the best rally that i can remember in a long time. we have only been open for trading like two hours and eight minutes. we are up 1.8%. this is true all across the board. what we are seeing in particular is very strong gains for high tech companies. american high tech companies. all of them across the board, they are called fang stocks, they are way up this morning, really coming back.

so, too, are china trade stocks like alibaba. susan: take a look at caterpillar. some of the china proxies you apple is a good recipient of th very good for apple since they saw $52 billion, 20% of their revenues. i would say this has an effect on apple. shares hitting a record high. stuart: that's right. you know, this is exciting. it's a friday morning, almost friday afternoon, and we are riding high on the stock market and who knows what happens later this afternoon when and if the president announces a deal, a short-term deal with china. watch out. got to check that market. susan: it will be a record high. for the s&p. stuart: nice forecast. something completely different. nascar. could be rolling out hybrid cars by 2022? why?

is this something nascar fans actually want? is this conscious capitalism? we're on it, of course. first got to tell you this. new poll shows millenials are more likely to resent the rich. in fact, a third of them think violence against the rich is sometimes okay. what? next, thank heavens, a millenial capitalist. ♪ great riches will find you when liberty mutual customizes your car insurance, so you only pay for what you need. wow. thanks, zoltar. how can i ever repay you? maybe you could free zoltar? thanks, lady. taxi! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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stuart: california still very much in the dark after pacific gas & electric deliberately shut the power off. now, this was a precaution against wildfires. however, near los angeles, some residents are being evacuated because of a wildfire. tell me more. lauren: several wildfires in the state. tens of thousands near los angeles told to evacuate, then

you have this mobile home area completely destroyed by fire. one older lady is missing. people are in the hospital. this is a bad situation. so pg & e, the utilities are cutting off power as a precaution because there's a state of emergency, then the governor is attacking the utilities for being overcautious and putting profits over people. stuart: wait a second. if you've got a whole bunch of wildfires and you blame those fires on pg & e, who do you blame when pg & e turns the power off but you've still got a fire? lauren: you still blame pg & e. stuart: you just can't win. can't win. lauren: you can't win. there was also a fire caused by human tragedy because that's the thing in california. sometimes it's the utility equipment and sometimes it's humans. if a truck is on fire, his trash lit up the whole neighborhood. stuart: there's live pictures

from southern california. lauren: 13 -- i'm sorry, 74 homes were destroyed and one person is still missing. that's the fire you're looking at. stuart: i'm sorry to do this, but i do have to get back to a truly shocking study. it shows that millenials, they don't like the rich. 44% of them say they feel angry when they read a news story about the rich. get this. 35% say that violence is okay against the rich. millenial capitalist, author of the book "how to be a capitalist without any capital" joins us. nathan, what the devil is going on here? >> something is happening. you know, when i was growing up, you used to see the big house on the corner and go wow, i want to be like that, i want to work hard and get that for me one day. it's like you know, keeping up with the joneses, right? now we've got politicians saying hey, you don't have to keep up with the joneses anymore, we will take from the joneses and give it back to you. and this is what you're hearing. stuart: where did it come from?

why this remarkable sea change in the attitude towards wealth by our younger people? >> well, i think what happens is, you know, to earn money you have to work really hard, and if you don't want to work hard, it's easier to complain that you don't have money and who has all the money? ultimately i think young folks have to understand if you want to make a living, if you want to have success, of to work hard. there's no way around it. handouts won't solve the problem. stuart: you think this jealousy, angry jealousy, you think it came directly from elizabeth warren and bernie sanders and maybe even joe biden, too? >> they popularized it. they look at millenials and go hey, if you're not good, you're broke, it's not your fault. it's jeff bezos' fault which is ridiculous. he creates jobs. every time i looked for a job before i built my own company, i looked for a rich guy. i never looked for a poor guy, or gal, too. we need capitalism. we need entrepreneurs creating

jobs. that's ultimately how we lift a lot of people out of poverty. stuart: tell me the truth now. were you shocked, a third of millenials say violence against the rich is okay? because i was truly shocked at that. >> this was cato, right? this isn't a fluffy study. stuart: legitimate organization. >> look, i obviously never condone violence. i think if you are going to spend that much energy, you should spend it building a great business for yourself. launch it, do stuff online but build your own business. focus your energy on that. you have to remember, you guys know this, you know, productivity and economic gains are always dependent on positive thinking people. that's what pushed things forward. violence is no answer. stuart: okay. do you think that if push comes to shove, let's say elizabeth warren is the democrat nominee, do you think she wins? >> not a chance. i mean, i think trump actually wins in a landslide in 2020 and i will tell you this. what people don't understand about warren and bernie, all these folks, is every time the

government does something, it costs money. the way the government makes money is they either take money from your wallet via taxes or they print money which makes the money in your wallet less valuable. so we can't have free education, we can't have free health care for all, we can't have all these handouts. stuart: that's very true, son. very true. nathan, you're all right. thanks for joining us. >> thank you. stuart: i've got breaking news right now. first of all, fox news has confirmed the president will send about 1,000 more troops to saudi arabia. there are currently 250 troops there. the pentagon will provide an update on this at the hour, on the hour, i should say. vice premier of china has left the trade talks. we don't know if it's over or if it's a break. he has left the building. that coincided with a minor league pullback for the dow. he was scheduled to be there until noon. he left a little early. the market went from a plus 499 to a plus 421.

kind of grasping at straws, isn't it, but anything that happens in trade talks has an immediate impact on the stock market. that's how important the two sides are here. i want to focus now on pot stocks as in marijuana, down huge yesterday because a canadian distributor, hexo, said their sales were slowing, problems with supply and demand in canada. now all those stocks are down some more. wait a minute. there's more on this. a pot breathalyzer? susan: that's right. so a lab in oakland says they expect a marijuana breathalyzer to hit the market by the second half of next year, 2020. it's not that far off, just, what, maybe a year away. but this is necessary because in many states, as you know, have legalized recreational and medical use of marijuana as well. now, what this breathalyzer does, because there are urine tests on the market that can

detect whether or not you smoked marijuana, but -- s stuart: a breathalyzer? susan: it detects whether you smoked in three hours. stuart: that's very important. susan: urine test, it can stay in your system up to a month, if not longer than that. they want to make sure that you haven't just smoked and then gotten into your car endangering others. stuart: that will tell you. interesting story. thank you very much, susan. then we have nascar. could be rolling out hybrid cars by 2022. i don't know why they're doing this. we are going to find out. that's a fact. after this. ♪ imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination.

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stuart: wrapping up a hectic show and hectic week, we have something kind of different for you. how about hybrid nascar? don't roll your eyes. this is coming in the year 2022. gary gastelu, fox news automotive kind of guy, joins me now. wait a second, before you launch, i will launch. can you imagine going to a nascar race where you used to have the throaty roar of a gasoline engine, and now what are you going to get? oooo? is that what i'm going to get?

>> hopefully a little bit of both. formula 1 has hybrid and they still make noise. indycar is switching to hybrid in 2022. you will still have an engine but you will have a battery attached to it. when the cars accelerate it will give them a little boost and that's the idea, make the cars even better performers and a little more efficient, and more relevant to the street cars. might not happen in 2022. that's the soonest it will happen. i talked to some people today, they say they are excited about this idea because they sell out of hybrids. ford, which raises the mustang, has a hybrid performance mustang coming out around 2021, 2022, so it makes a lot of sense, if the idea is to make the racing better and also make the cars more relevant to what you -- stuart: do you think nascar fans will approve? >> only if they make noise. if they make as much noise as they do now. the first ones will probably only be used on the short track and road courses where there's a lot of braking, talladega, daytona might use the regular v-iv v-8s for awhile. eventually they say they want to

go full electric. that's interesting, because chevrolet, they are jumping to a full electric lineup. they are not even working on hybrids right now. i'm looking to see how they work on this. they haven't gotten back to me. i don't think we will see full electric nascars for a long time. the hybrid thing could happen soon. stuart: only reason i would buy an electric car is for the acceleration which is unbeatable. you can't beat an electric car for acceleration. that's why i would buy one. >> that's what this is about. look, the indy cars, they have less than 750 horse power. the hybrids will have 900 on demand thanks to the engines coming in 2022. stuart: thank you for keeping us in touch. thank you, sir. appreciate it. more "varney" in the middle of this rally after this. ♪ the world is built for you. so why isn't it all about you when it comes to your money? so. what's on your mind? we are a 97-year-old firm built for right now. edward jones. it's time for investing to feel individual.

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♪. stuart: well, tearing up already. one last thing before we leave you. one of our long-time producers,

his name is eric. susan: yea. stuart: good man. on your screens right now. tearing up. he is leaving us. i used to call him keith. i don't know but i did. how did he get me to stop calling him keith. every time i did i had to pay him a bub. he got rich. i stopped calling him keith. he has been a a guy. we us 13 years. there was no "varney & company" without him. what will you do. >> spend time with me son. and going back to school and getting a masters to become a high school teacher. stuart: what you're. you're going to become a high school teacher? i will do it the right way. stuart: you are rejecting high paid, incredibly world of news. >> it is killing me but there is more important things in life. you saw picture of me holding my

son. that is what i'm doing this for. stuart: you're tearing up. >> i am. stuart: eric, you're a damn good man. >> everybody is. we'll miss you guys. it has been a great 13 years. i will miss you guys. stuart: thank you, eric. my time's up. the rally in progress. neil it is yours. neil: good for him. maybe he is leaving because of you? stuart: probably. neil: no way of knowing. stuart: undoubtedly. neil: no way of knowing. wanting to break the emotion. thank you, eric. stocks are popping. president putting progress on the trade front. he will meet with the vice premier in little 2 1/2 hours. investors are sensing something is happening here. let's get read from courtney dominguez, payne capital management advisor. we have also yurian timber. you were i and i were talking during the break, something is coming together.

at very least, president