miles an hour, though, guys. have a great weekend. "varney & company" begins right now. stu, take it away. i'm in your wheels, stu. stuart: you're in my bentley right there. i will never forgive you. maria: have a good show. stuart: good morning, maria. good morning, everyone. it's friday. we're wrapping up the week and i'm going to say despite ugly politics, when it comes to money, we are the only game in town. we are doing well. consider this. profits remain strong. the big corporations which have reported so far, the vast majority have kept revenue flowing strongly. that's called the top line. looking good. the vast majority have done well on the bottom line, too. they have made big profits. despite impeachment, ukraine, the syria withdrawal, all the insults bandied about in d.c., the stock market remains close to all-time record highs. here's how we will open up this morning. down a fraction for the dow, nine points, that's it, down just nine. the s&p up maybe a point. the nasdaq, dead flat.

despite it all, we're close to record highs. free speech is in the news. nba commissioner, he stood up to china. they wanted the houston rockets general manager fired after he tweeted support for the hong kong protesters. adam silver told them we're not going to do that. free speech item number two. facebook's mark zuckerberg, he says he's not going to police political speech, and he's not going to ban donald trump's tweets, as kamala harris demanded. big deal. big show. you're going to hear what the president had to say at his big rally last night. the brits, well, they're on the brink. the brexit vote is hours away. and alec baldwin slams the demonization of wealth. what? "varney & company," the very special friday edition, is about to begin.

after decades of economic surrender, i have taken historic action to confront china's rampant trading abuses and we've made great progress and our relationship with china is fantastic. but now we're taking in billions of dollars. they've had the worst year they've had in 27 years and we're having the best year we've ever had so that's good. last month, unemployment reached its lowest level in 51 years. the economy is booming, our people are proceprospering, ours stronger than ever before. seven million americans have been lifted off food stamps since the election. 1.3 million children have been lifted out of poverty. think of that. stuart: okay. forget all the politics, just look at what the president had to say about the economy at the big rally in texas last night. joining us now, ed, welcome back

to the show. i keep saying it, you have heard me say it, we are the very best game in town. investors, really, that's important to them. what do you say? >> no doubt about it. since the president was elected, the stock market is up 40% to 50%, twice as high as it is in europe. unemployment's at an all-time low. the success is being shared broadly. the long-term rates just rose last week so the yield curve's no longer inverted which is a dangerous sign for potential recession. so everything looks quite strong, even investment is quite strong. stuart: it's good, strong, despite it all. that's the other part of my expression. despite the toxic politics in washington, d.c. >> yeah. i think the probability, the democrats have gone so far left, so far anti-capitalism, that that's got to be factored into the stock market valuations we're seeing, the probability they might win the election. as those probabilities change i

think we could potentially see a rise in the market if the president's re-elected. stuart: supposing it looks like elizabeth warren, for example, were to be the nominee and maybe the winner of the election, what happens to the market and the economy? >> i would think we would see a significant drop in the market which will react quickly just as it reacted quickly after the president was elected, by the way. then i think the longer term effect of that would be a slowdown in the economy and significant effect on the middle class. stuart: stay there, please. i've got a beautiful item for you from alec baldwin i know you want to comment on. stay there for a second. i have to interrupt for this. we have a couple of dow components which reported earlier this morning. you are looking at coca-cola, up nearly 2%. soda demand is up. that's a surprise. but there you have it. the stock is up a buck at $54. better profit at american express. higher consumer spending, yeah, the consumer spending very strongly, came to the help of american express. that stock is up about just 70

cents at $119. all right. sorry, folks. got to talk brexit. the big, big, all-important vote is tomorrow. well, ashley webster is over there in london right now and i'm going to ask him full-on, look, i don't care about the weeds, i don't care about the process. i want your opinion. which way is the vote going to go tomorrow? ashley: out on a limb here, i'll say boris johnson will pull it off. why do i say that? i have no idea. but listen, why not, why not? listen, he needs 320 votes. he's already got 287 with the conservative party and if in fact they do vote with him, and i think they will, he needs 33 votes from somewhere. as we know, boris is a very unconventional politician. he will be out there with his charm offensive trying to wrangle up those 33 votes. i would not be surprised if out of the blue, he pulls this miracle off and gets it through tomorrow, stu.

by the way, as for the newspapers, the "sun" said get real, take the deal, bojo pulls off miracle brexit plan. i went to the betting office this morning, one of the stores here, they say hi, by the way, stu, the odds favorite right now is for brexit extension, 6:4 on, then you have 6:1, no deal, 50:1 they revoke the whole thing and stay in the eu. certainly the favor right now is the uk will ask for another extension. i don't think so. boris johnson could just pull off this miracle. stuart: ashley webster, that was the best brexit report i have heard and i have heard a lot this morning. all the other guys are in the weeds about this, that and the other but you came right out with it. the miracle in parliament. about to happen. webster, you're out on a limb but come on back soon, okay? see you later.

big news from apple. tim cook met with regulators in china after pulling a controversial hong kong app. now, that's the app that located the police in hong kong. apple pulled it. now is in china talking to regulators. susan: apple pulled it. there was a lot of criticism they were kowtowing to china's censors because they have big business in china, they get around 20% of their revenue. tim cook in china at this point speaking to the chinese regulator, according to reports on their website. the state administration for market regulation. he was there to talk about what's happening with the markets, consumer rights protections, investment in china, fulfilling corporate social responsibility, and there's a big internet conference taking place in a few days' time which tim himself, mr. cook, has attended back in 2017. no idea whether or not he's going to attend that, but i think it was a very good contrast with what's happened with mark zuckerberg. think about it. apple has a big business in china, fifth largest smartphone seller, $52 billion in sales,

they are allowed to operate in china and you have to abide by the rules. think of the other tech players that are not allowed in there like google, like -- not microsoft, though they did poulpoulull out, like facebook. an example for silicon valley, apple. stuart: he's nurturing his relationship with china. susan: which he does every year. stuart: i want to get to the alec baldwin stuff, because this astonishes me. baldwin, alec baldwin slams what he calls the demonization of wealth. i'm going to give you the full quote. the demonization of wealth in this country is mind-blowing. a country built on both freedoms and commerce, now all success is scrutinized. merely to succeed especially financially invites scrutiny, judgment, abuse. ed, that is incredible coming from alec baldwin. i think he makes an absolutely valid point. he's put his finger on the political culture of the day which is success is bad.

>> yeah, no doubt. how far do the democrats have to go to bring alec baldwin into the moderate fold. stuart: i should say, he was commenting on felicity huffman. he says he thought a 14-day prison term was excessive, should have done community service. but the rest of it is solid stuff. solid commentary. >> funny, true to form, i'm not sure i would endorse bribery in any way, shape or form, you think he would condemn that, not quite the right place to jump into the debate, but on success, i would say two things. first, we should recognize in order to put a dollar in your own pocket, you have to put $5 in other people's pockets. even liberal economists would agree with that. because the customer's not going to buy a product that isn't more valuable and it costs and the money that they spent on the product is going to go not only to the person who owns the business, but to the employees, the suppliers, a lot of it's going to go to tax revenue. really, the owner of the business, the investors are capturing about 20% of all the value they are creating and

that's even a liberal economist would agree with that. conservatives would say the number is much higher. the second thing people should remember is that success bubbles up from a large pool of failure. so what you see is that one success, what you don't see are the hundred failures which were required to get that one success. so when you look at the success that some of these people like steve jobs and bill gates of the world have got, what you recognize is that that has to motivate a large pool of failure, and it has in its wake. we have seen armies of people in silicon valley and throughout the u.s. economy that we don't see in europe, we don't see it in japan, we see them producing practically no innovation, and the result of it has been we are 30% richer than europe is today, up from about 15% or 20% 20 or 30 years ago, and they are sharing in all of the innovation that we are producing. they wouldn't be anywhere near as successful as they are if we weren't dragging the rest of the world up with us. stuart: you make a good point there, lad.

you really do. thanks for joining us, sir. appreciate it. check that market again. we slipped just a little, down maybe 30 points at the opening bell. mark zuckerberg standing up for free speech. he says he won't censor political ads on facebook and let users decide what's real and what's fake. david dana perrino had a sit-down with him and joins me in the 11:00 hour. donald trump facing backlash for hosting the g-7 summit at his florida resort. we will ask his daughter-in-law if the scrutiny is worth it. juul suspending sales of flavored vaping products as the number of vaping related illnesses and deaths keeps rising. was there a rush to legalize vaping? health and human services secretary alex azar is here on that subject. "varney & company," the friday edition, here we go. look, this isn't my first rodeo...

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that's about 3%. they have recalled a single lot of baby powder. trace samples of asbestos were found in a bottle purchased from an online retailer and down goes that stock. e-cigarettes in the news. juul is suspending online sales of fruity flavored cartridges in their vaping devices. they are trying to deter teenagers from buying them. special guest in the studio this morning, alex azar, health and human services secretary. mr. secretary, welcome to the program. >> great to be with you, stuart. stuart: i heard you early this morning saying that vaping devices are illegal anyway. i didn't know that. >> that's absolutely right. the tobacco control act says these e-cigarette devices actually have to be approved by fda before they can be on the market. now, the obama administration said let's let these be on the market so that adults can get used to them, build a market share to get off of cigarettes. we carried that forward. but the problem is what we saw

is just this explosion of kids using e-cigarettes, and we now have five million kids regularly using e-cigarettes and eight million adults and while it's important to get adults off of cigarettes and we're committed to that, we can't let a whole generation of kids get addicted to nicotine. stuart: those five million youngsters are indeed addicted to nicotine. >> the first lady and i were with kids last week, a young girl who was doing multiple of these cartridges, each one is a pack of cigarettes nicotine. you have kids who have to go to aa. they will be in recovery the rest of their life, they are so addicted to nicotine. "l.a. times" had a story that people are actually starting to use cigarettes to wean themselves off of their nicotine addiction from the e-cigarette products. stuart: do you think they should be banned? that's a foolish question. if you ban the whole thing, then you ban the device which gets people away from smoking tobacco and that's a bad thing in itself. >> that's right. stuart: your job really is to stop kids getting it, but

supposing you had to have a doctor's prescription. >> that could be one option congress could look at. it's all about balance. we want the adults to have access to products so they can get off cigarettes. want to keep them away from kids. the key right now, we're not banning them. congress actually said, congress banned, we are starting to enforce that and say if you have products that are attractive and available to kids, get off the market, all of you by may of 2020 have to come into fda and submit an application and we will review that. we will look at nicotine levels, at all the ingredients, are they safe, can the product be adulterated and are you going to market in a way that will make them available to kids. so we will bring them under a regulatory framework for the first time. stuart: got you. i want to bring up one thing that i saw the president refer to in his rally last night. drug prices have fallen the most in 51 years. that was his statement at the rally last night. back it up. i'm not going to say is that true. it was the president who said

it. but is it accurate? >> it is absolutely accurate. this is the labor department's measure of inflation of drug prices, and it is down the largest decrease in 51 years, thanks to the president's efforts. stuart: generics. >> three years in a row under president trump's leadership of historic generic drug approvals, almost 3,000 generic approvals, $26 billion of savings just in the first 18 months. stuart: deliberate encouragement of generics. >> absolutely. we are completely in favor of generic utilization, approving them. i report directly to the president on generic approvals. more competition leads to lower prices. we free market people know this. stuart: yes, we do. mr. secretary, thank you very much for being with us. in new york today. >> great to be with you in person. stuart: thank you, sir. thank you. check futures again, please. yes, friday, wrapping up the week, we will be down just a little at the opening bell. then we've got roku, the stock has skyrocketed this calendar year, 2019.

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tripled this year, 2019? guess what? our next guest says it's got room to run up some more. mark mahaney from rbc is with us. sir, why do you think roku is going to go up another 30% from here? make your case. >> i think this is one of the best fundamental names in small midcap internet space, and maybe the defining trend of this year, at least the back half of this year across consumer technology is streaming. we've got the breakout of streaming wars that are going to occur in about a month's time when disney plus launches, apple plus then launches, i think the same day, actually, and in the spring you will have a series of other companies like time warner, nbc comcast, they are all launching streaming services. we are looking for derivative plays off that. here's one, roku. they will get advertising revenue as these companies try to get customers to sign up for the service. when they do that through roku, roku will get a percentage of those streaming subscription service revenues and then just

having these other services is going to create more diversification and as kind of a switzerland, if you will, of streaming operating systems, more diversification is better for that intermediary for roku. it's got one of the best growth profiles in the group. stuart: but you think that these new streaming services will be taken on by consumers, they will have three, maybe four different streaming services and then all come through roku and enhance their earnings? that's your position? >> yeah, i don't know if they will all come through roku but roku is a great derivative play off of them. it's not too far off the mark to say arms dealer. they are the platforms through which a lot of consumers will get to these streaming services. that's the win. stuart: your target price on roku is $155 a share, where it's now $140? goes to $155? yeah? >> yeah, that's right. look, this has been a very volatile stock. we down:graded earlier after a

massive runup, then saw it come in materially so we wanted to get constructive on the stock again. it's hard with these names to trade at these ten times sales multiples. they are extremely wobbly, they go up and down. this one has mostly gone up. will we chase it all the way up, no. when we see pullbacks, that's when we got constructive and upgraded it a few days ago. stuart: thanks for joining us, mark. see you soon. thank you very much. quick check of the market as we close out the week of trading. we will be down a bit on the market. 30 odd points down for the dow, 6 for the nasdaq, flat to lower is my characterization. back in a moment. heading into retirement you want to follow your passions rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product.

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stuart: you're looking at it live on the left-hand side of the screen there. this is the first ever all female spacewalk. who are the astronauts? susan: talking about americans and it is the first all female space walk outside the international space center. this was scheduled back in march. they didn't have the rightly fitted suits, apparently they were too big for these females. there was actually an "snl" spoof because of that, because it is 2019, i'm surprised it took this long to get an all female spacewalk but they are up there. stuart: 15 seconds to the open

of trading. who was the first woman in space? susan: a russian cosmonaut. stuart: her name was? susan: tell me. stuart: valentina. all right. three, two, one. boom. friday, we are off and we are running. we are off, down 12, down 23, down 27. so we have opened slightly lower. not all of the dow 30 have opened yet so i'm not going to say it's a misreading of the dow, but we are down 20 with about a dozen stocks yet to open for the dow 30. okay. so flat to lower is the early going today. look at coca-cola. i'm surprised at this. they said that more people are drinking soda. i didn't know that. but the stock is up 2%. basically on that news. next one, i think we've got american express. that's right. they reported this morning. they made more money, increasing

credit card spending. i've got more on that in a moment. the stock is up today. all right. friday morning. who's with me? joel shulman is back, glutton for punishment, susan li is here and lauren simonetti as well. joel, my theme for sometime has been america is the best game in town when it comes to your money. are you going to dispute that? >> absolutely not. stuart: good man. >> i think not only is america the best place for your money, i think u.s. small caps are the best place to put your money. u.s. large caps have been very strong year to date. u.s. small caps are still off their highs. i think this is a great time to get in small caps and midcaps as well. susan: that makes sense. small caps are a play on the u.s. economy. however, not to pour cold water on that, you know we had -- okay, whoa, whoa. it's a globalized world. don't roll your eyes yet. we had china and the gdp at 6%, last time we saw that was in the first quarter of 1992. stuart: do you believe 6%?

susan: it might be even worse. think about it. this is a globalized world. what happens in china hurts europe and eventually hurts america. >> to that point, i think with u.s. small caps, they are somewhat insulated from china news. i think that's exactly why we would position u.s. small caps as being the growth pocket of the market. susan: big caps are doing fine, too. 15% of companies have reported, guess what, more than 8 in 10 beating expectation. what does that tell you about the expectation? i know you don't like to talk about it, but the bar was set low. american companies coming out swimming. stuart: your reference to expectations -- >> we will see as earnings come out, we will see u.s. small caps really beating expectations. susan: the third quarter, by the way, we have seen profits fall. i mean, the growth of profits decline. stuart: the rate of growth is slowing down in profits. on a related note to this america's the best game in town, look tat american express. the stock is down but they are bringing in a lot more money and

that shows the strength of consumer spending, which in turn shows the strength of our economy. >> consumer spending is strong. i think a lot of people are expecting a very strong christmas. we have a strong christmas, we will have a strong january in the markets. december, january. last year at this time, markets were getting hit, beaten up pretty badly. people may forget that we had a christmas rally last year and from there, for the next three, four months, we had a very strong u.s. market. we have something else, it's going to be another strong period for the market. stuart: you're part of this, again, my expression is despite it all. despite all that's going on in d.c., that market keeps going up. lauren: delinquencies are rising at american express. something to keep in mind. stuart: have to get to jnj, as in johnson & johnson. the stock is off a couple bucks this morning. they have recalled some baby powder. why? lauren: an abundance of caution. this is voluntary. a trace amount of a certain asbestos. you have to remember, between the talc lawsuits, the pelvic

mesh lawsuits and opioid lawsuits, we are talking about 100,000 lawsuits against johnson & johnson. that could cost them $50 billion. their annual revenue is $80 billion. that's a lot of money. so they are voluntarily recalling this batch of baby powder because they are worried. stuart: as far as i'm concerned, as soon as a corporation under litigious attack, as soon as they get a number they have to pay out, the stock goes up because you can handle the number. >> right. well, that's often the case. we are seeing this time and time again for the u.s. large caps, particularly if they are sitting on a cash pile. looking at boeing, many other companies, they will have some bad news, then of course there's a lot of litigation. a lot of this is nuisance litigation. so we'll see. susan: bernstein says that number, $50 billion, which is what the market expects for litigation costs, is way too high in their view. this is a buy because they may pay out $12 billion. but you're right, just get a

number out there and work around it. stuart: let's have a look at ford, please. they have announced the launch of the largest electric vehicle charging network in america. that's interesting. the stock is not really reacting. it's at nine bucks a share. i'm not with this electric car thing. >> no. i'm from detroit. i'm a big believer in the automotive business. the problem is, ford's kind of late to the party. we don't have the infrastructure in place. tesla has tried, they have 14,000, 15,000 charging stations. it's not enough. people are buying these vehicles, and finding time and time again they are being inconvenienced to charge their vehicle. this is a real problem. i don't see this as big news. i really don't. stuart: sorry to interrupt, if i could buy gas for $2.50 a gallon, which is historically low price -- >> extremely low price. stuart: why should i go to the electric car? >> i think that's going to continue to have a problem for these markets, for these auto companies. they are getting into it, maybe long term we see electric

vehicles make a hit but ford is coming late to the game and the infrastructure is just not there. susan: they are developing an electric f-150 pickup which i'm sure you will look into. it's underpenetrated. only 8% of the total car market are electric vehicles. most of these charging stations are for teslas. we are introducing electric models, we need to build up some of these charging stations as well. >> it will be interesting to see if the target market, you mentioned the target market is really the pickup truck driver, right? stuart: i drive a ford f-150. >> this is not commentary on the pickup truck. i'm not making a comment on the pickup truck. is that the target market for the electric vehicle? stuart: fair point. lauren: they put out a big splashy video showing you the torque of the electric f-150 they are working on. it can pull about i think a ton. remember that video? stuart: the acceleration in an electric car is fantastic. susan: if they can get the charging station up and you can

save money on oil and gas, even two bucks, $2.50, something like that a gallon? stuart: i take it you don't drive very much. quick check of the market, please. get me out of this, sports fans. we're down 50 points. we'll take that. 26,980 is where we are. general motors, now, that strike, that will continue until union members vote on this tentative agreement. the stock is at $36. it was at $37 just before the strike began. how about snap. it's up after getting an upgrade from bank of america. the stock is up 2% at $14 a share. better profit coming in at e-trade. the stock also got an upgrade from raymond james. that's good for 3.5% gain. now, different markets now. the bond market, the ten-year treasury yield, benchmark yield, 1.75%. same as yesterday, actually, which was the same as the day before. the price of gold this morning

is right about $1500 an ounce, i do declare. where is it? yeah, there you go. $1495. the price of oil, again, i'm guessing here, $54. yes, thank you very much. $54 a barrel. you don't see much move recently. then we have the breaking bad movie el camino turning out to be a big hit for netflix. . lauren: "breaking bad" was very successful on netflix, now the movie, "el camino" in its debut weekend, six and a half million viewers. it's a loyal viewer. it's a model that works. but what's surprising, when you look at when "breaking bad" was on amc it got more viewers on this netflix in its opening weekend. this is a win for netflix. stuart: you still think netflix is an entrepreneurial company? >> it is. people voted them out in the past, when they were shipping movies in the mail. this is a company -- they were

shipping dvds. this is a company that kind of reconfigured itself. they have a lot of competition. we talked frequently on this show, content is a problem, it's going to continue to be a problem. they've got major competitors but it is an entrepreneurial company. we'll see if they can pull a rabbit out of a hat with more content going forward. stuart: next one, the beer market. anheuser busch is accusing its rival molson coors of stealing its secret beer recipes. susan: i don't know if you watched the super bowl. these are the two largest beer and beverage makers in the world. they were fighting during the super bowl about corn syrup, one alleging the other having too much in their beer. now it moved on to recipes. stuart: what you can't win in the marketplace, you go to court and see if you can win there. pathetic. what do you say? i'm sorry. i keep interrupting people. susan, finish your thought. susan: that's okay. i understand what you're saying.

it makes for great television. when you are fighting for market share, especially in declining volume sales market, i think this might be something to fight over. stuart: if i was an entrepreneur, the very last market that i would get into would be the beer market. >> i think so. stuart: you with me? >> sam adams was the last great entrepreneurial beer company. susan: they are putting cbd in it now, aren't they? in everything. stuart: 9:40. joel, you were all right today. you agreed with me on every single point. thanks very much. good stuff. check the market. here we go. ten minutes into the session, there's not that much price change so far today. we are down 30 points on the dow. elizabeth warren, bernie sanders, they love to attack the wealthy. now an outspoken big name liberal actor and frequent trump critic has had enough. he is defending success, financial success. my take on alec baldwin's

comments will come your way at 11:00 this morning. the president held a big rally in texas last night. is the state in play for the 2020 election? lara trump is here. i will ask her about that and the backlash her father-in-law is receiving for hosting the g-7 summit at his florida resort. ♪ ♪

stuart: not that much price change in the market thus far this morning. we're down just 40 points in the very early going on the dow jones industrial average. now, how about this one. a new bill moving through congress, it's all about privacy, and it threatens literally years of jail time for companies which abuse customer data. who goes to prison -- lauren: the executives. the executives.

this comes from the senator from oregon, a democrat, senator wyden, whose privacy bill says if you are an executive at a company, and your company misused and lied to authorities about misusing personal data, you could face jail time, in addition to other penalties. jail time of up to 20 years, tax penalties tied to your salary and the company could be fined up to 4% of its annual revenue. his point is, you could slap mark zuckerberg appear other big tech ceos on the wrist with fines they can clearly afford but until you hold them personally responsible, you are going to jail, nothing's going to change. they're not going to take you seriously. stuart: that's a very tough line to take. lauren: very tough line but he's competing with europe, who is taking a tough line. not jail time, but still taking a tough line or tougher line than the u.s. is against big tech. stuart: thank you very much. good stuff. trump's florida resort, that would be president trump's florida resort, will host the g-7 summit. of course, the critics are already chiming in on this one. first of all, congressman jerry

nadler, he accuses the president of quote, exploiting his office and making official u.s. government decisions for his personal financial gain. then we have senator elizabeth warren, who tweeted this. this is corruption plain and simple. lara trump is here, the president's daughter-in-law. welcome back. >> hello. thank you. stuart: didn't you see this coming? >> it doesn't matter, regardless they are going to hit and attack the president so you know what, why not have it at the very best property to host the g-7 at trump doral? it's the perfect spot. stuart: that is quite an assessment to make, it's the perfect spot, it's the best spot? >> let me tell you why. stuart: they don't have other places in america that are just as good? >> they vetted 12 different locations apparently and there's a lot that goes into it. the reality is based on the location directly next to the miami airport, the capacity, the number of hotel rooms, the meeting areas, the ballrooms and meeting spaces, it is actually

perfect for the g-7 and the trump organization, stuart, is not making any profit off of this. so i will counter what jerry nadler had to say there. they are doing everything at cost. stuart: everything at cost. okay. there's no freebies involved here? >> no, no freebies. everything is done properly and as it should be but the trump organization is not making any money off of this. stuart: was it an impulsive decision by your father-in-law? i'll get them, i've got the best place in town. >> he knows how to get them. i'm sure if he knew it would rile a couple feathers on the democrat side, all the better. stuart: he does get a great deal of free advertising all round the world, does he not? >> yeah, he does but whayou kno what, the trump properties have been known throughout the world. everybody knew donald trump before he got into politics. he does have some of the best hotels in the entire world. this is just another way to utilize them for a purpose that i think is going to benefit a lot of people. it will be a great g-7. stuart: can i ask you real fast about alec baldwin.

>> our favorite, one of our biggest fans? stuart: did you hear what he's saying? the demonization of wealth in this country is mind-blowing. success is scrutinized, merely to succeed especially financially invites scrutiny, judgment, abuse. alec baldwin is saying that. >> interesting. stuart: you probably agree entirely with that statement. >> i do. a hundred percent. i think that he was probably referring somewhat to felicity huffman -- stuart: he was. he was. >> -- going to prison. what i would say to him is she actually broke the law. just because you have a lot of money doesn't mean you get to break the law and buy your way out of it. i do agree with him on that statement. there is a demonization of wealth, especially from many, almost all of the democrats that we see running for president right now. they are particularly hot on demonizing it. it's interesting, though, you look at bernie sanders who used to demonize millionaires. now it's only billionaires because now we all found out he's actually a millionaire. interesting how that works. stuart: i think he's worth $3 million. senator warren is worth $12

million according to records. lara trump, as always, thanks for being with us. we do appreciate it. thank you. check the dow 30 and the state of the market this friday morning. more winners than losers among the dow 30, and the dow though is down, what, 30 points. that's what we've got. apple dealing with a rash of complaints over its latest software update. people not being able to send e-mail, they're losing documents, buttons moving to different places on the screen. why does apple do this? they are really hurting me by this, by the way. the story is next. ♪ ♪ ♪ ♪

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stuart: a pet peeve of mine, apple rolling out software updates and there's loads of complaints. they're rolling in. cyber guy kurt knudsen is with us now. >> what's your problem? stuart: a long list, e-mails get lost, i go to flag something, my thumb is in the wrong place. what can i do about this? >> let me see your thumb. looks good to me. no, it looks perfect. but what you can do, so the complaints are about apple's ios13.1.3, getting complicated because this is the fourth release of their latest software since the new iphone came out. those with an older iphone such

as an iphone 6s and above have been able to download this software or you might have the automatic updates on, in which case this just sort of happens to your phone, and the problems people are talking about are that they have dropped calls or their e-mail isn't coming through. stuart: yeah. >> or an app will crash. stuart: what can i do about it? >> don't update until you hear all the junk is done. stuart: so i don't have to? >> here's the deal. you don't have to update. if you go on your phone to general, and then software update, it's right here. and you just turn off the automatic updates. but you have to remember to actually update your software at some point, because the biggest reason you want to update your software is to keep out the bad guys. so hackers are preying on every operating system constantly. apple along with everybody else, such as android, they are chasing them back into the box. stuart: that's why they're doing it. >> part of it. well, the updates are to address

common issues. for example, this one says in this particular update that well, it addresses the issue that could keep your phone from ringing or vibrating at the right time, it fixes an issue about previewing e-mail, it resolves an issue where the data might not display correctly, so they learn about these bugs from the vast world that's using this, and then they try to fix it. so it's accelerated now so these things, the problems become pronounced fast. the updates hopefully come out fast, and i applaud apple for quickly getting to the updates, but the complaints are still rolling in, unfortunately, that people are still experiencing dropped calls. so i'm not. i haven't had that problem. i did with the first version, but once i updated, i was fine. stuart: so the only reason they're doing this is to prevent the hackers gaining on them? >> and to make sure the newest parts of the operating system are working right.

stuart: just got a robocall. >> says stuart's thumb looks fine to me. i would agree. in summary, your thumb is good. thumbs up. and set it to manually update the software but don't forget to do it. stuart: okay. i can do this. >> this is the solution i bring. stuart: i can have someone do this for me now. >> how easy is your day now? give it to me, i'll do it. stuart: you won't know my password. susan: they replaced where the reply button used to be, the delete button is now on iso 13. i'm deleting all my e-mails i should be replying to. >> i'm having that same trouble, too. i use actually outlook. lauren: how is your phone? >> doing all right. stuart: i have a related technology story. you sit there and do this. after 40 years, "usa today" is going to phase out the print edition. susan: yes, that's right. major restructuring. all these stocks are getting hit, of course, acquiring the parent company of "usa today"

for $1.5 billion. as part of this, they are doing a digital upgrade. that means no more print editions of newspapers. i haven't read a print newspaper in ten years but apparently, you do every day. stuart: wait, wait, wait. look at this. isn't this wonderful? this is the print edition. you can see every story. you can just see it all. turn the pages, story after story. you can go back and read what you forgot. you can see it. you try to read that on this little thing? lauren: i'm in the middle of you two. susan: i can scan it, i can record it, i can take a snapshot of points i want to keep. i think it's fantastic. stuart: i've got to move on. time's up. no, you cannot do that with a print edition. you just can't do that. lauren: you're right, it is all in one place. i love getting them under my door when i stay at a hotel. then you can take them to the gym or for your starbucks coffee in the morning. it's the end of an era. >> or you can hide behind them. stuart: we've got to go. this one, mark zuckerberg

defending free speech. he says facebook users should be able to determine what's real and what's fake by themselves. he sat down with dana perrino. we will show you the tape and speak to dana as well. more "varney" coming up. than ju? fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ )

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. . stuart: viewers of this program heard me say disfight it all. i said it a lot last week. desfight what is going on in washington your money is doing just fine. ugly politics and financial progress all on display. i will start with the positives. i will start with the positive news on money. we started a week with big gains for household incomes up $5,000 during the three years of the trump presidency, versus $1500 in the 16 years of bush and obama. i call that very good news for middle america. we follow that with a stock

market rally. of course, you have been told that wall street only benefits the rich. tell that to the 55 million americans with a 401(k) and 35 million with an ira. they are enjoying huge gains. then there are profits. i know that is a dirty word to the left, but healthy profits are sign of a healthy economy. when profits are strong, expect a lot more investment, jobs, higher incomes in the future. this week we've seen healthy profits. add it all up, and it's a big financial win. it came despite the mess in d.c. the world of money has ignored impeachment. ukraine, syria withdrawal. congressman adam schiff, insults, put-downs or do nothing or get nothing done congress. true wall street is worried about a elizabeth warren presidency. they're not worried just yet. this program covers money and politics. in the trump era, we have a lot

to go at. this has been despite it all week. despite politics. your money is doing fine. more of the same still to come. the second hour of "varney & company" is about to begin. ♪ stuart: market watcher dennis gartman joins us this friday morning. you heard what i got to say. do you agree we're the best game in town, the market just wants to go up despite it all? >> stuart, i think your comment about the fact it is going up despite all the news is exactly what you have to understand. the greatest book on trading is reminisce ends of a written in the 20th century, there is a great chapter of the book the head of the book wants to take profits on a trade, gentleman, old turkey, who is a great old

speculator, who doesn't take profits, says you know what? after all it is still a bull market. that is what we have going on here. after all it is still a bull market. despite ill-advised news, despite tariffs i absolutely take exception to, trade protectionism, despite impeachment, it's a bull market. the market is moving from the lower left and upper right. write this down. it will stop when it stops and it won't stop until it does. stuart: that is aphorism or truism. you got me beat on that one. i want to turn to tammy bruce, to bring her into the discussion. the impeachment probe, mess in d.c., does that overshadow in voters mind the economy? >> not in a good way. there is small focus group, "axios" reports on, swing state, ohio, the members of the focus

group felt impeachment was a distraction. they wanted people to focus on things like wages, unemployment, border security, bringing troops home and health care. still on the issues. and to that, hour ago being reported is another similar dynamic where "axios" received an internal memo from the democrats. within their own caucus indicating, this is from representative sherry bustos, democrat from illinois. the messaging during impeachment should be about, they write demonstrate our constant focus on the biggest issues facing families in the country, specifically health care and wages. which means they see internally impeachment is not a winner for those who are vulnerable in this country. that it is wages. it is money. it is the economy. whether or not they're working and what the future looks like. the president owns that issue. and that's what they need to focus on. that americans are, democrats are presuming that americans are dumb and disconnected.

they should stop projecting on to the american people. we know what is going on. this internal memo, focus group which is not as big as a poll, that is i think what they need to look at. stuart: tammy, hold on for one second. breaking news coming to us from the federal reserve. edward lawrence has headlines from esther george i believe. what is the headline, please? reporter: exactly. kansas city federal reserve president esther george says the federal funds rate should remain where it is. she doesn't think the economy needs accommodation going forward. fed met mandate of stable prices and maximum employment. she believes manufacturing is slowing. but that monetary policy cannot get manufacturing going. it is other avenues, that need to spark that. if she sees the economy slowing down, starting to affect the consumer, she would turn to vote for accommodation.

she is important. she is a voting member of the fomc. that is the committee decides where interest rates will be. she will vote in a meeting later on this month. her voice, appears now will say she want to stay where she is. in fact the last two meetings, where we had rate cuts, she dissented rate cuts. stuart: edward lawrence, esther george, keep rates where they are for the immediate future. dennis gartman you heard all of this? do you want to comment, dennis? >> miss george has been one of the great hawks on the fomc. she has dissented twice already. nobody would be surprised to hear that esther george is not amenable to a further rate cut. that is not surprising to anybody. the surprise would be if she was amenable to a rate cut. although it obviously has had some impact upon stock prices, before that comment came out, the dow was down 30. now it is down 70. that is certainly not shocking to me at all. stuart: dennis, thank you very much indeed.

tammy bruce still with me here. is the message getting through to voters that this economy is really doing very well as a result of president trump's policies? is it really getting through? >> i give you an example how we can tell. dealing with enthusiasm. that will be determining next year. fox news reporting yesterday, rnc raised another record-setting month there in september, $27.3 million. amid the impeachment push. to give you the example between the republicans and democrats. this means that the gop had 59.2 million cash on hand. democrats were carrying 7.3 million in debt. so you're looking amazing amount of cash on hand, record-setting raising of money. within these last several months. certainly last month. an extraordinary amount of money to be able to move with. that is just the gop. this is says nothing about the record-setting income, fund-raising that donald trump's

team is making. when you look at enthusiasm. this is why everybody always moves about tuned raising right? you see where money is going, enthusiasm is. literally record-setting for the gop. the democrats are in debt. i think that tells you what, who is receiving what message. the democrats, a "gallup poll" rating democrats poll went 18 to 25%. donald trump's numbers are significantly higher that is the bump they see. certainly not to money or enthusiasm. stuart: i didn't ahead that about fund-raising in "the new york times." >> it is weird. you can see it at foxnews.com. stuart: thank you very much, tammy. good stuff. on your screens, what you're looking at is serious trouble barsuglia loan that. i will instability in europe. tell me more. susan: the worst street violence

in decades. 96 hurt so far in the week of unrest. what sparked this? jailing of cat at cat at that ln separatetives. they were jailed nine to 13 years handed down by the supreme court on monday. things are so bad in barcelona, the famous tourist attraction, that church has been closed because people can't get into it. the entrance has been blocked. we had trains being stopped, roads being blocked as well in barcelona. it was so bad they had to cancel the barcelona real madrid football match for october 26. stuart: that is very big event, believe me. that is. i don't mean to lessen the impact. that is instability in europe. of course it follows tomorrow the big vote on brexit in britain. talk about instability. there is the example of it on your screen. susan: context, catalan feels

they're extent from the rest of spain. want to break away from the country for many, many decades. stuart: got it. the dow is down 60 points. no reaction what is going on in europe at this moment. to hear it is all about interest rates from the fed. it is all about profits from american corporations. that's where we are, down, 62 points. next please, we have, we got a new poll, it shows 81% of african-americans think mr. trump has made things worse for them. that's despite historically low black unemployment rates. what does he, mr. trump, going to do about it. we will ask the question. new data shows restaurants in san francisco really struggling to keep their doors open. we have a guy who says it is because of that 15-dollar an hour minimum wage and he says that is a lesson for 2020 democrats. yesterday we reported airbus's -- sorry, airbnb losses doubled in the first quarter. not a good sign for a company

that wants to go public next year. we're on it. more "varney" after this. ♪

stuart: friday morning we're holding with a minor loss. we're down 60 points. less than one quarter of one%. shy of 27,000 on the dow industrials. we're keeping a close eye on protests going on right now in barcelona. what happened over there the catalan separatists were jailed by the majority government in madrid and people of barcelona who are catalans don't like it. they are demonstrating. there has been some violence. this has no impact on your money or our markets but it is

disruption in europe and we bring it to you. next case, did you know apple's tim cook is in china? he is and meeting with regulators there. does this have anything to do with the app apple withdrew and the apallowed protesters in hong kong showed where police were? susan: that was pulled after a few days from the hong kong app store. from my sources, tim cook visits china multiple times to meet with regulators. he was meeting meeting with thea administration, he, they posted this on the website. they were talking about social issues as well. investment in china. consumers rights protection and fulfilling corporate responsibility. but a busy week. we have apple with a 20%, 20% of business comes from china. $52 billion in sales. he is there to check on the business. there is a lot to do. he sits on the board of the university which is one of the biggest universities in the

country. yes, there might be internet forum taking place later on. stuart: he wants to establish, keep a good relationship with authorities in china. he wants a big business with china? >> great lesson for facebooks and googles of the world. that you do operate by the rules of the country to sell in. stuart: don't help them build dictatorship, but at the same time don't mess up your business if you can avoid it. susan: got it. stuart: a new poll. 81% of african-americans think trump made things worse for them. joining us david macintosh, that is for the club for growth. despite the low black unemployment numbers. what do you suggest the president can do about this. >> the stuart, the good news for the president, black and latino voters don't like radical left democrat candidates. elizabeth warren, for example is at 12% with black voters in the democratic party. and hispanics less than 10, 9%.

but there are things president trump can do. one, keep pounding on the economy. it does make a difference to voters in the end whether they can get jobs. whether their sons and daughters can get jobs. second there are innovative things republicans have done. ron desantis ran on school choice, won much higher percentage of black women voters in his election for governor. they put him over the top on that race. stuart: david, don't you have a 10 million-dollar ad campaign. >> i heard of another group doing that. that is not the club for growth. i think it's a good idea for republicans to talk to african-americans, latinos, tell us what our policies do to help them. we make them much better off as you point out with more jobs and better life, frankly better schools for their children. stuart: now i don't have the precise numbers, but as i recall, in 2016, mr. trump got only 8% of the black vote.

i mean we may dispute one or two percentage points along the way. i believe it was about 8%. not you, a lot of people have the outreach program now. president reaching out to the minority vote. what would you consider to be a success? would that outreach program be a success, if he got 12% of the black vote or 15%? what do you think is possible? >> i do think it is possible to get in the range of 12 to 15%. that would be a huge game-changer in states like pennsylvania, michigan, where there are significant minority populations t would take georgia of at table. make it very much a. president has good news he can deliver directly to the minority communities how his programs are making their life better. stuart: david, i'm glad you're on the show. i'm glad we didn't get into an argument about tariffs as we so often do. david macintosh, thanks for

joining us. >> great to be with you, stuart. stuart: thank you. now this, another guilty plea in the college admissions scam. susan. susan: someone from atherton, california, he owns a financial firm, manuel enriquez. pleading guilty to similar charges what we saw in the felicity huffman case. mail fraud. that netted her 13, 14 days in prison. he admitted guilt in this case. not as high-profile as the famous actress felicity huffman. we'll see how many days behind bars he might get. this builds up what happens to lori loughlin and her case. she is fighting this, along with a few dozen other people. lauren. he. lauren: he originally pledged not guilty. stuart: october 19th is the

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us. retailers, l brands, gap, macy's down significantly. when you start talking of companies going down in percentage terms like that, you know something's happened. here is what just happened. we have credit suisse coming out and saying that the holiday sales this year will be weak. that is the expression used. credit suisse, holiday sales weak. that flies in the face of all forecasts we've been receiving. susan: contrarian to everybody else. national retail federation said holiday sales will be up by 3 -- stuart: 3.8 to 4.2%. susan: i don't want to be that precise. that is average the past five years. sales increased 3.7%. i don't know where credit suisse is coming out with the report. they might pick winners and losers. lauren: look at others like he kohl's being down, l brands, macy's, these are retailers. retail is game of winners and

losers. i'm surprised amazon is down. these names i would expect. they have been struggling to turn their businesses around. stuart: clear winners and losers from the call by credit suisse. immediate impact. that is a big impact. l brands down 9%. that is really something. susan: we should point out that the retail federation says most growth comes from online sales. stuart: lauren: amazon is down. stuart: i presumed if you look at walmart -- susan: walmart is up. stuart: yeah. lower priced operators don't suffer so much from a decline in holiday sales. susan: retail is very crucial for the u.s. economy. it powers 2/3 of it. given we are looking at slowing growth around the rest of the world, that is impacting how people view stock markets and earnings releases from corporations in this earnings season i think retail sales will be a key component going forward. stuart: goes to show you though,

one little statement from one analyst at credit suisse, down they go. susan: they could have been looking at retail sales report we saw a few days ago, where we saw the first decline in seven months. stuart: all right. susan: i am throwing cold water on the rally but it is not a rally right now. stuart: netflix, they will face a lot more competition next month. disney plus, apple tv they launch next month. we have a guest who says, netflix will continue to dominate the streaming world. my we quill be, how are they going to do that with all this competition? we'll find out. last friday actress jane fonda was arrested in a climate change protest in d.c. she plans to protest and be arrested again today. we have got eyes on it. if it happens, believe me, you'll see it. right here.

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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: do you like this one? susan: one my favorites. stuart: what do you say, lauren? lauren: i like it too. might be one of those you know. susan: that's true. stuart: rain, we play the beatles every day at 10:30. we hold it up there for 10 or 15 seconds for your pure enjoyment and mind. the dow industrials holding to a loss of 60 or 70 points. that is one quarter of 1%. we've been there all morning. let's talk airbnb. as you know that company's losses doubled in the first quarter, second quarter of this

year, in a three-month period, losses doubled. a big deal. this is not a good sign for a company, trying or thinking about going public next year. john mayer, managing parter at transpire ventures. i have a big problem. i would like to invest in this brand new industry and like airbnb. but they're losing a ton of mon. should i get into it? >> i wish they ipo'd two years ago, they are increase marketing expense. booking.com, i was in l.a., on a trip last weekend. look at booking.com for hotels. they're actually offering people's apartments and homes now. airbnb will have to figure out how to compete with these far bigger companies going forward. stuart: granted i want to get into a brand new industry.

a lot depends on the offering price they go out at. >> right. stuart: i take it the offering price keeps on coming down the more money they lose. >> they have to keep coming down especially because of state of ipos this year, uber, failed ipo wework. it has given investors a scare. stuart: do we have any idea what they might be looking at? how many money they want to raise? any idea at all? >> there is no idea on the street. it is totally up in the air. they're waiting to see. they haven't given many hints at all. they're waiting to hear what the market says. stuart: if i were air -- i don't think i would go private or go public. >> i wouldn't either. stuart: wouldn't bother with it. >> the whole space is scared. silicon valley, coming from the valley, investors and venture-capitalists, profitable companies, at least companies that hit profitability within a year or two. otherwise it is too risky at this point. stuart: what a shame, some great

ipos lost a fortune to start with, came through in the end, have blossomed. let me talk to you about netflix. as you know, you follow them, of course you know, next month they have a lot of competition coming on, disney and apple tv. do you think that netflix will retain its leadership position in streaming? >> i think netflix will still be number one in streaming. the problem they will face a lot of competition. there are go big things i want to look as a potential netflix investor. i do not hold netflix right now. the first is international growth. that has been a worry last few quarters, whether or not they can sustain international growth. the second is going to be, what do we do as a company, netflix, where now that there is all these other streaming providers, it is creating a fragmented industry, where many cases it will become more expensive for to you be a streaming customer

versus a cable tv customer. stuart: exactly. >> we're in weird limbo period. you have kids. you have to subscribe to netflix, disney, maybe apple's streaming platform. before you know it, more expensive than what you're paying, say your time warner bill. stuart: a quarter of people who already get a streaming service, are already paying more than $100 a month. look on your screens, 27% are already paying more than 100 bucks a month. the market has limits what it will stand. >> it has limits. one thing that can save them, one of the major tech companies, apple, for example, coming out releasing a product for apple tv that is essentially a modern-day cable bundle. right now, the user experience is miserable to go and sign up individually for hbo, disney, netflix, hulu, amazon. if you could pay apple one flat fee, let them cut deals with all the other movie studios? this would make the experience a heck of a lot better and push

forward the industry past cable. stuart: netflix, top left-hand corner of the screen, down nearly 14 bucks. that is 4.7%. that is a whopping great drop for netflix. is there a spur of the moment reason? something i need to know about? stuart: really increasing, you know, just, investors getting scared of competitors. apple rolling theirs out in two weeks. stuart: netflix down, apple is up. >> apple i'm going to be a subscriber. stuart: are you? >> yep. stuart: you're in the business, how many streaming services will you pay for? >> i'm paying for about five right now. call me crazy. hbo, amazon, hulu, netflix, and apple will be on november 1st. susan: that's a lot. lauren: apple is cheap. stuart: youtube. you don't have to pay for youtube? >> they have youtube pro service, cut out ads, with premium content. stuart: you have to pay for that?

>> 10 or 15 a month. stuart: very instructive. thanks very much. i'm staying on the subject of streaming because the new "breaking bad" movie is called el camino. it was a big winner for netflix over the weekend. have you had a number. susan: six 1/2 viewers streamed "el camino." that's a lot. ticket price at movies is 8.95. if you extrapolate that, it would make $58 million in the opening weekend that would be number one. it would overtake "joker" which made 65 million in the second weekend at the box office, right? there is obviously a lot of eyeballs that watch on netflix. comparing apples to apples, because you actually have to leave your house to watch these movies, plan for the babysitter, et cetera, et cetera, you have to have pay for individually not streaming on netflix. stuart: what have you got?

lauren: more than spin-off of "breaking bad" where the hit show. more watched two days on netflix than the heyday on amc. when you parallel it like that, that is a lot of eyeballs. stuart: not sure what you're talking about. lauren: never watched "breaking bad"? susan: point us you get streaming eyeballs. you get recurring revenue from which is important for a business. stuart: why am i under attack. susan: i'm trying to explain the business model to you. stuart: next case, another day, another quote from sales force ceo mark benioff. he is going after facebook. who has got that story? lauren: i have it. mark ben i don't have is sounding the alarm on technology. sounding in a big way. as tech gets more powerful we need humans to slow it down, to put guard hails on it if you will. to protect it, all of us from the dangers of technology. he compares facebook to

cigarettes. how addictive they are. he also endorses federal regulation and antitrust probes of these big companies, facebook is down today. but other things as well. stuart: a couple bucks. lauren: increasing calls to do something. stuart: he is critical of capitalism a new form of capitalism. not just about profit. susan: we'll hear from him in the next hour from dana perino's interview. stuart: mark zuckerberg. susan: mark zuckerberg not benioff. we have the stock on the screen. trying to tease the audience. stuart: barcelona, we'll show you where i will call it a riot. a serious violence that is in progress there. the jailing of catalan separate at separate -- separatists. no impact on our market or our money. coming up we have a guest who

says 15-dollar an hour minimum wage in san francisco is killing the city's restaurant scene. we'll have him make his case on that. we'll tell you why your favorite french wine is about to get much more expensive. varney continues after this. ♪.

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oh, wow. you two are going to have such a great trip. thanks to you, we will. this is why voya helps reach today's goals... ...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. stuart: we're down 85 points. esther george federal reserve board governor, said she doesn't see much need for lower interest rates. that has not helped the market. we're down 1/3 of 1%. our next guest has a article in the "wall street journal" the title, how san francisco is killing restaurants. this is about the 15-dollar an hour minimum wage in

san francisco. michael salesman, director for the employment policy institute. he wrote the article. forgive me, michael. look, killing the san francisco restaurant business. that is a very strong word. you don't mean they're all closing doors, surely? >> restaurant closings now outpace openings in the city by 9%. this was a data point that surfaced at remarkable reading with the city board of supervisors where the restaurant owners basically explained because of the 15-dollar minimum wage, all the other bureaucratic issues they're dealing with in san francisco the city is becoming a non-viable market for them. there has been some closings in the city, we put up website of faces of 15, all the restaurants forced to cut staff or go out of business because they can't make the numbers work in san francisco, even with clientele might typically be used to paying higher prices. stuart: a lot of rich people in

san francisco but, isn't this a message to those democrat presidential hopefuls who demand $15 an hour nationwide? surely that is message to them? >> most major candidates are calling for san francisco style nationwide. it is accepted it's a good idea. i think the problem is, in places like san francisco, but also seattle and new york. these used to be places if you were restaurant ture you go there to pursue your dream. in a lot of cases you're going there, these are the places where the dreams are dying. even with a wealthy clientele there is only so much somebody want to pay for roast chicken. if you can't have customers pay for it, you have to look at ways to cut back staff. some restaurants have gone to what is called a fine casual model. it's a fine dining restaurant, customers picking their own table and drink refill. it feels more like a quick service restaurant. stuart: i thought a lot had gone

to technology. you put your order on a ipad. a runner from the kitchen brings it to you. at newark airport, that is all you see these days. i thought technology was going to solve the restaurant problem but apparently not. >> i think, one thing that one of the candidate andrew yang gets right, technology has become a huge issue. if you go to a 15-dollar minimum wage nationwide, you turn your server into a food runner, they're bringing food to and from the table. the employees don't like that, that affects their ability to earn substantial tip income. in markets like san francisco it is a lose for employers a lose for the customers and employees are finding it was not so great as it was proposed. stuart: the law of unintended consequences. michael saltzman, thanks for joining us. good stuff. appreciate it. now new tariffs on the european union, products go into effect today. this is the french wine story, isn't it?

lauren: are you drinking a tulane blend instead? stuart: probably not. lauren: trade italian parmesan for vermont cheddar? stuart: not probable. lauren: retailers stores have the goods here. they will not cost more, going forward, as of today, a 25% tariff on all of those products. this stemming from the subsidies and wto approved the subsidies that the european governments give to airbus. the french economy minister has vowed retaliation. there is a meeting between the lamer and u.s. trade representative lighthizer on this. stuart: has that something to do with the drop on the dow? lauren: yeah. stuart: we impose tariffs, they threaten retaliation. that is not good news on trade. lauren: nothing on paper with china. a big question mark on brexit. stuart: big question mark on usmca, the new nafta, whether it

gets considered in congress. susan: goes back to esther george at the kansas city fed, she doesn't see a need to cut interest rates. better-than-expected earnings this week which means corporate america is still on. stuart: we're on it, state of play, right now. always. high-end retail guys, neiman marcus, they unveiled their fantasy exist catalog, exists between 99 bucks and a million bucks, of course. this is the nature of our show. we're going to show you some of the standouts. that is coming up in the 11:00 hour. lauren: those are nice. stuart: you like that? i don't know the price. nasa's first all female spacewalk happened this morning. they left the international space station to replace a broken battery charger. that will be 250 miles above the earth. you're looking at it. more "varney" after this. ♪. this piece is talking to me.

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susan: billy idol. stuart: who is this? susan: billy idol. stuart: we're playing that music, more than 33,000 couples will get married tomorrow, october the 19th. the most popular day of the year for weddings. didn't know that. tell me more. lauren: third saturday in october. i would imagine most popular day is a saturday in june. 34,000 people tomorrow, will get hitched, spending, are you ready for this, $1.8 billion. getting to the wedding, the gifts, outfit, you name it. average gift? $120. stuart: really? lauren: is that high or low? stuart: high i would say. if that is the average. lauren: i guess we're feeling better about the economy and our own finances. stuart: then again i'm cheap. lauren: cheap, average i would say. stuart: our next guest has a new book called fish tales, making of a millenial baby boomer.

how work places are losing sight of profit in order to please millenials and their desires for perks and culture. bob fish, wrote the book. former chief executive of rue 21. >> good to see you, stuart. stuart: what way are businesses catering to millenials and thereby making less profit is. >> my role why i wrote this book, the fact a lot of work places are still trying to learn how to work with millenials and build on them. i don't know exactly they're losing profit because they're working with millenials. when i, i built rue 21, over 1200 stores, the difference was i call it, in business they teach me life. it was how you work with them to build for the future which was really key. and i'm all about -- stuart: how do you work with them? how do you work with them? >> i call it mutual mentoring

and generation splicing. it is not just getting them in the store. it was, it was, two things. one working in the office. i had over 400 people in the office, 300 of them were 20 to 30 years old. i'm a big believer to get -- look, we were at one time, 25 years old. stuart: yes. we were. that is true. i remember it. >> yes i remember it too. we wanted recognition and the approval and to acknowledge us and from the older people, that were working there who were leaders. to me i believe in the mutual mentoring. it is our jobs also for us to continue to be successful to push millennials, to really help them in their careers, working with them closely. stuart: okay. that's the strategy? >> yes. stuart: you work with them? >> yes. stuart: you show them the way? >> yes. i'm tired of the word work-life balance. stuart: do you have to be nice to them?

is that it? do they demand a certain level of niceness? >> i think you do, even if we were brought up in a world where confrontation was okay, and you would, if somebody got mad at me, yelled me, i started a company abraham and straus in the new york, which was the best in the country at that time. i was happy when people were yelling, my boss yelled at me it means he liked me. now you have to be nicer to them. to me it is not work-life balance. it is work-life integration. how you work together as a team and commune is important to them, stuart. stuart: okay. the book is fisch tales, the makeing of a millenial baby boomer. he is with us. >> thank you, sir. stuart: looks like fake meat is paying off for burger king? i didn't know this. susan: burger king has impossible worker, whopper, pardon me, getting whoppers made. using geolocation -- 12% in the

st. louis locations versus no gains for mcdonald's, believe it or not. in fact for the research it lifted traffic nationally by two percentage points because of the impossible meatless whopper. that is why mcdonald's is testing the plt, plant-based protein burger in canada. >> that is fascinating. do people go to fast-food restaurant to have meatless burger? susan: they do. beyond meat sup -- is up 500%. stuart: mark zuckerberg is standing up for free speech. he won't sensor political ads and let people decide what is true and fake. mentalist, oz pearlman, he has a very impressive bag of tricks. he is here on the show. we'll check out what he has up

his sleeve. this guy is a sensation. believe me. you won't believe what he can do. elizabeth warren and bernie sanders love to the attack the wealthy. outspoken big name liberal actor, who likes to bash president trump, has had enough. heze is defending success. back in a moment. okerage accoun, plus zero minimums to open an account. and only fidelity offers four zero expense ratio index funds directly to investors. with all of those zeros, there are zero reasons to invest anywhere else. fidelity. ♪ so maybe i'll win ♪ saved by zero

stuart: precisely 11:00 eastern time. that will be here in new york. have we got a show for you. look at that. that is jane fonda. she was arrested at a climate change protest last week. she promised to attend these protests every week and yes, you guessed it, there she is, trying to be arrested again today. believe me, folks, we are going to keep on this all the way through the hour. you will see the arrest of jane fonda live on this program. first, this. who said this, the demonization of wealth in this country is

mind-blowing. now all success is scrutinized. merely to succeed, especially financially, invites scrutiny, judgment, abuse. couldn't have said it better myself. that is an articulate statement. it neatly sums up the political reality of america today. the left has no time for success. okay. so who said it? alec baldwin. the hollywood actor who leads the trump-hating charge on "saturday night live." i should point out that baldwin's tweet was in defense of felicity huffman, who was sentenced to two weeks in jail for her part in the college admissions scandal. baldwin thinks she was punished excessively because she's wealthy. he thinks she should only do community service. put that debate entirely aside for a moment, entirely. focus on what baldwin actually said because he is dead right. anyone who sat through the three hour democrat debate tuesday

night would have seen the rich bashed and blamed throughout. financial success these days really is frowned on. the billionaires, the giant corporations, the mega-wealthy, it's all their fault. take their wealth away because no one deserves that much money. what was that baldwin said again? financial success invites scrutiny, judgment, abuse? oh, how right he was. now, i don't think baldwin and hollywood are suddenly going to become republicans. they're on the left. they're going to stay there. they hate trump and that is not going to change. but oh, how refreshing to get such accurate commentary. alec baldwin identified one of the dominant themes of the day. you're successful and you don't deserve it. it's the american dream stood on its head. the third hour of "varney & company" is about to begin.

stuart: i wouldn't mind some reaction to that editorial there and who better to give it than mark tepper, strategic wealth partners, strategic wealth partners. >> right. wealth the important word there. stuart: am i right? i think that was accurate social commentary on america today. success is frowned on. what do you say? >> there's definitely an attack on wealth, an attack on success. all this talk about higher income taxes, the wealth tax, but i think most importantly, there's been this attack on the american dream. the right of everyone to want to realize prosperity, right? i think it's a great thing to wake up every single morning and want to win. it's a great thing to wake up every single morning and want to be successful, to want to accumulate wealth and suddenly, if you want those things, you are the enemy. you are being targeted. so it's crazy. stuart: it's so unusual, especially coming from alec

baldwin. i know he was talking about the college admissions scandal, but what he said was so spot-on, dead right, i'm astonished by that. i really am. >> i am, too, but it's the truth, right? he's speaking the truth. i work with a lot of high net worth business owner clients, right, and we're talking on a regular basis about this attack on wealth, how it's now no longer acceptable to be successful or to consider yourself successful. and we're talking about the same things over and over again, but every single one of my clients, myself included, we all feel like these potentially higher tax rates, all that's going to do is slow growth, right? at the end of the day the business owners are going to have less money with which to pursue growth initiatives. they are going to have less money to hire employees, whether on the bottom end or the top end of the pay scale, and that's all going to slow growth. so there's nothing wrong with wanting to be successful when you have successful people, it trickles all the way down and

everybody benefits. stuart: let's suppose elizabeth warren, i consider elizabeth warren to be a socialist. let's suppose that she becomes the nominee. the democrat candidate in the 2020 election. >> that's brutal. stuart: what would happen to wall street? >> the market would sell off. cooperman said it a few weeks ago, the stock market might not even open that wednesday. you are going to have a bunch of circuit breakers -- stuart: that's if she wins, the nomination is hers. would it go down at that point? >> yes, the market would go down. if you think about it, first of all, i don't think her chances of winning are significant, okay? but if you think about it, there would be mass exodus out of stocks over the course of the next several months, right, so who would be the big losers? fang stocks. tech. health care. banks. retailers. i just named almost 100% of the s&p 500. who would be the winners? cannabis companies.

esg investing. so what is that? that's a small sliver of the market capitalization of the s&p 500. so what you would see happen is you would see there would definitely be a ceiling on stocks. stocks would likely come down and you would see bonds rally. stuart: okay. obviously you are a wall street guy. you follow it minute to minute. i believe that you are hot on walmart, and is it dollar general you are hot on? you like those two? >> i like those two, yes. stuart: make your case. >> so when the economy is slowing, we just got, one of the things we track is the lei year over year index, how much has that changed year over year. it has been trending towards zero. we just got a print of 0.4% today. as the economy slows a little bit, you are going to see more of that trade down effect. you are going to see those target shoppers begin to shop at walmart. the dollar stores like dollar general, you see an increase in foot traffic.

with dollar general, one of the best things about them is they will see that increase in foot traffic, about 75% of what they sell are consumable so groceries, household cleaning products, and the best part about them is they have a rural footprint. so they are the only game in town. there's no competition where they're at. they really stand out amongst the other dollar stores and walmart, over 50% of their business is still groceries, so in the grocery business, it's all about volume and they are doing everything they possibly can to drive volume, whether it is curbside pickup, food delivery, i believe they now have in-home food delivery they are piloting right now. lots of cool things they are trying to do to drive volume which will help that stock. stuart: you have a lot of energy. >> i try to bring it, you know. stuart: pretty good. >> got a good workout in this morning. i'm feeling great. stuart: you did a workout before you came here? >> yeah. early riser, get up, get the adrenaline going. stuart: what time you get up? >> 5:30. stuart: pathetic.

i'm up at 2:45. >> good for you. i will continue at 5:30. stuart: if you're not careful, you'll be back on this program. okay? thank you. now, a special treat this friday, later this hour, we will be joined by the mentalist himself. oz pearlman. last two times he was on the show, he just blew us away. well, he's back today. he's going to get inside my head again. which isn't that difficult. president trump touting the economy last night big-time. that was at the rally in texas. america, still the best game in town. that's our slogan, too. we will discuss it, too. mark zuckerberg standing up for free speech. he says he won't censor political ads on facebook and he will let users decide what's real and what's fake. dana perino had a sit-down with him and will be in studio next. the third hour of "varney & company" rolling on. ♪ ♪ limu emu & doug

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stuart: we have some good news for our viewers who might not necessarily have a full four-year college degree. some of the big names in technology will take you on. deirdre, i assume you've got to have the right stuff to start with. deirdre: you certainly do. apple, google, netflix, these are all companies that are willing, not only willing to hire people without four-year degrees, but actually even tim cook questioning in some cases the need to have it, and in fact, half of apple's u.s. employment last year included people who did not have, so half in the u.s. did not have a four-year degree. i think that's a statistic worth paying attention to. to your point, coding, electronic technician, mechanical designers, all of these do not require a four-year degree. sometimes it's more useful because tech moves so quickly to take people right away if they are strong with coding out of the gate. oddly enough, marketing representatives.

they say sometimes more creative out of the box kind of thinker and that's necessarily a four-year degree person. what i will say, people who do have a bachelor's degree earn close to $1,000 more per week on average than those who do not. stuart: but if you can sell something -- deirdre: or if you are great with coding, you are set either way. stuart: i know a few coders, by the way. facebook's interview, the mark zuckerberg interview, he was in d.c. yesterday holding a forum on free speech. fox news' dana perino sat down with him and he sounded off on kamala harris, who wants to take president trump's twitter account away. here's what zuckerberg said. >> kamala harris says she thinks that twitter should shut down president trump's account. do you think that's a ridiculous idea? >> i believe that in a democracy, i don't think that we want private companies censoring

politicians in the news. i generally believe that as a principle, people should decide what is credible and what they want to believe and who they want to vote for, and i don't think that that should be something that we want tech companies or any kind of other company doing. stuart: did i say mark zuckerberg was sounding off? dana perino is on your screens and this is -- >> nice to be here. stuart: 2:00, fox news channel. >> yes, sir. stuart: you did the interview. >> yes. good to be here with your very posh accent. i've missed it. stuart: moving on. what was the big take-away from the interview? >> i feel mark zuckerberg, we talk about this a lot, that freedom of expression, free speech is under attack not just here in america, but you see it all around the world, increasingly so, and i think he felt like it was time to set down a marker and say what he believes and lay it all out

there. he went to georgetown university and gave a speech there. he's going to be back in washington a lot because the government has decided they got a lot of business they want to do with mark zuckerberg but this was all about free speech for him. stuart: but was his defense of free speech, did you get the idea it was genuine or was he just keeping the regulators away? >> i think it's very genuine. however, if you think about his testimony from last spring, he has said, he wrote an op-ed i think in the "wall street journal" saying i do think -- this is his words -- that there should be some regulation of content, that we have a new platform here, there are ways that we do this on television, should we be regulated. some people might think big startups that become big companies that ask for regulation, they are basically trying to keep other young upstarts from getting a chance, but i do think it was sincere, especially if you look at what he's gone through. the right is frustrated because they are concerned about bias against conservatives. the left think that he allows people to say untruths and false ads and allow them to be up there and he said they don't make a lot of money relatively

speaking on political ads, so they could just basically say we don't take any but he doesn't want to do that. i thought his answer on this was great. he said because let's say you are not an established politician and you want to get in the game, no better way to do that than to be on social media and be able to spread your message. stuart: from a distance it looks to me like he's got an impossible job. i don't see how you can vet the posts of two and a half billion people, and you decide what's acceptable political speech, what's acceptable posting, and what's not. i don't think you can -- i don't see how you do that. >> that's what elizabeth warren would like him to do. she's come and said how dare you be willing to put false ads that you know to be false online. and i didn't get a chance to ask him this, but think about this. what if somebody said well, elizabeth warren, there's no possible way it can be true, that you can pay for medicare for all with this plan that you put forward, therefore, we are going to deny your ad. then she would be upset. i think that where facebook has landed, it's complex, but in a way kind of simple.

they are saying we're neutral. politician speech from left, right, center, wherever it is, should be allowed to be on there and let the public decide who they want to believe and vote for. stuart: now, you were the press secretary for bush 43. >> i was. stuart: very difficult job, because they are all coming at you. >> there was no social media at the time. stuart: precisely. put yourself, and look at zuckerberg as a spokesperson for his company, which is exactly what he was. do you think he did a good job? >> yes. i do. he doesn't do it enough, i think, but one of the reasons his interview is kind of a big deal, he hardly speaks to the media. i think he knows that he needs to do that more. for many years, as a coder, his natural habitat is coding and making product, he didn't focus enough on the policy side of things and now he's having to do that. he's been in a credibility deficit with washington, d.c. and he has to figure out a way to dig out of it. stuart: i want to roll a sound bite from your interview where he's talking about being more

family-friendly. roll that tape, please. >> last year, we made this big shift in the product to emphasize friends and family and groups more, and we took out about 50 million hours of viral video watching a day, and so time spent on the product went down, then the next quarterly earnings, we had the biggest drop in the market cap of the company of any company in american history. we lost $100 billion of market value in one day. stuart: doing the right thing cost him a ton of money. >> right. when i heard him say, you guys understand here at the fox business channel a lot more than i do, but losing $100 billion in one day, it made everybody mad. then you didn't just have washington mad but he said it was the right thing to do, they got through it, they think they made the right decision and then the market came back. stuart: how long did the interview last? >> he gave me a lot of time, about 25 minutes. we will have it on the daily briefing today. i also asked him about how he handled the screen time for his own young children.

stuart: are you going to give us a hint as to what he said? >> he does have a philosophy about it. stuart: okay. you are a diplomat. >> i learned it from you. stuart: you are a diplomat. that's pretty good. that was a real pleasure. thanks so much. we will see the full interview at 2:00 this afternoon, fox news channel. thank you very much. appreciate it. now then, sanofi, big pharma company, voluntarily recalling zantac. there's a medication i know. it's an acid reflux medication. they have recalled it after cvs, walgreens and rite-aid pulled from their shelves over carcinogen concerns. it's down a fraction but it's been down before. check beyond meat. oh, yes, please. the stock is down big, 5.5%. research firm is leaning towards a sell rating on it, based upon the rise in fake meat competition. got it.

then there's slack, down 9%. morgan stanley is bearish on the whole group of workplace software companies. slack really taking it on the chin, down 8.6%. now this one. neiman marcus has unveiled its 2019 fantasy gifts catalog. luxury items for under a billion dollars. up next, a few ideas for someone who has very expensive tastes. ♪ ♪ ♪

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stuart: well, this is worth looking at. this is nasa's first all female spacewalk. it started early this morning around 8:00 eastern time. who are the astronauts? susan: jessica meer, christina cook. this is the first all female international space station spacewalk. it took until 2019. what they are trying to do is replace a power controller. this was meant for march but then they didn't have the right suits for two women in space so this had to be delayed until now. but i'm happy it's happening now. stuart: you get it all on this program. you got it all. now let's do something really

different, shall we? neiman marcus, high end retailers, have unveiled their fantasy gift guide filled with top dollar presents. now, i don't want a list. i want the standouts. deirdre: all right. there's 800, first of all, items. here's one. $125,000. stuart: what is it? deirdre: shoes. fashionistas can visit the boutique in paris, choose from five shoes. that's not all. you get to design a one of a kind custom shoe, then go to a cabaret club and a two-bedroom suite at the mandarin oriental and you leave with an original sketch. aston martin, $700,000, you get a watch, an omega but not just any electric blue aston martin. it is custom designed by daniel craig. there are only seven of these in the world. you also get this kind of just

whole interior, all the magic that comes with it. for $400,000 you can get kim kardashian's makeup artist to give you a lesson and send you home with some products and get a picture. stuart: i notice you saved the best until last. thank you, deirdre. all right. now you know. neiman marcus. president trump really punching up the economy at a rally in texas last night. i still say, i think the president agrees with me, america is the best game in town. profits up, wages up, jobs up. we are all over this story. america, the best game in town. >> last month, unemployment reached its lowest level in 51 years. seven million americans have been lifted off food stamps since the election. what a great thing. 1.3 million children have been lifted out of poverty. think of that. the economy is booming, our

people are prospering, our country is thriving and our nation is stronger than ever before. ♪ driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades.

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stuart: all right. what you're looking at is washington, d.c., right-hand side of your screen. that is jane fonda. she was arrested last week at the weekly climate protest. she wants to be arrested again today. we are waiting for it to happen. when jane, if jane fonda is arrested in the next few minutes, you will see it on live tv on "varney & company." check that big board. we are still down about 60 points. we have been like this most of the morning. that's about .25% on the downside. we do have more breaking news coming to you from the federal reserve. now, this time it's vice chair richard clarida who has been making statements. edward lawrence, give me the headlines. reporter: you can't get enough of me today. this is the second voting member of the fomc speaking today and clarida in his speech said that the economy's in a good place and the underlying fundamentals are strong.

he says with the strong labor market, there is no indication inflation will affect consumers. clarida views the global slowdown as playing a role in keeping prices lower in the united states. he's looking at very strong consumer spending and sees manufacturing and business investment weaker. clarida says monetary policy is not on a preset course, but did not give an indication of if he supports a rate cut or not. he's only watching or he indicated he's watching inflation, and undershooting that 2% target is the reason that rates have been cut twice this year. the market is still pricing in, stu, an 87% chance of a small cut later this month. some good news here. stuart: the bottom line being the statements from esther george earlier and now from mr. clarida have not had a seriously negative impact on the market at all. reporter: both are saying the economy's in a good place. both are saying that. stuart: yep. yep. got it. now we are down 80 points on the dow industrials. thank you very much indeed, sir. dan suzuki is back with us,

portfolio strategist at rba. he follows the market. he also follows what i'm going to call political culture. don't you? how about financial culture? look, i have been saying throughout the program, president trump was saying it at the big rally in texas, america, when it comes to money and markets, we are the best game in town. would you agree with that? >> i would say that's been true. look at the last ten years. the u.s. stock market has basically been the only game in town, the only thing you want to own and everything else you put in your portfolio for diversification, for whatever reason, actually hurt your performance. stuart: i think it's still the best game in town. >> looking forward, there's things to like and not the like. the things i like about the u.s. is that it's still got some of the best intellectual capital in the world. it dominates major categories that are driven by intellectual capital. they've got the best balance sheets in the world. and it's still growing better than a lot of other areas of the world. the risks are, it's much more expensive because of the high performance you have seen, the flows have been going to the

u.s. so a lot of that is priced into the markets and the u.s. recently has outperformed because its growth has been better, but now the u.s. is actually kind of catching down a little with the rest of the world, a little bit late to the slowdown game, so there's risk to that story as well. stuart: okay. what have you got against big tech? i ask that kind of facetiously because i know you are saying when it comes to investing now, avoid big tech. what's the problem? >> the number one reason that i think investors should be cautious on big tech, and tech overall, is that people always underestimate how cyclical tech really is. one of the studies that i did in one of my other careers was looking at the different macro factors versus all the sectors. what came out of that study, the tech sector is one of the most cyclical sectors, has a higher correlation with ism manufacturing than materials or industrials do. stuart: it doesn't seem like that. you know, i'm an investor in microsoft. i have eld hheld it for years a years and years, never sold a single share. doesn't seem cyclical to me. it's gone on a trend like that.

>> look at the earnings for the tech sector. look at the numbers that these companies are putting up. a lot of those numbers they are putting up are showing slowing sales growth and negative earnings growth. so that tells you that as the global economy has slowed, you know, that's hit their earnings, hit their growth, so there's always going to be some secular stories within tech but if you take tech as a whole, there's a big cyclical component to it. you are building out data centers, building out -- spending on software, spending on all this stuff that you can cut back when you don't really have the money and profits. stuart: i'm not selling my microsoft. you got that? >> sure. i got you. got a good balance sheet. stuart: they most certainly do. thanks for joining us. always appreciate it. thank you. check american express. look at the stock, it's down, what, 50 cents at $118 a share. that's not a big loss. their earnings came out earlier. better revenue on all fronts, interest income, card fees, and their members, people who have got an amex card are spending

money. what's the fly in the ointment? susan: they do have to have higher provisions for losses, up 8%, because of delinquencies and also because of, yeah, some bad loans that might be going sour as well. so yes, card holders are spending more, paying off more of their balances and that's positive, according to the ceo who says this is consistent with an economy that continues to grow, albeit at a more modest pace, he says. stuart: don't like the delinquencies. don't like that. all right. breaking bad, the movie, okay, it's called, there is such a thing, it's called "el camino" big win for netflix. netflix's first weekend. can you put a number on it? deirdre: you sure can. 6.5 million viewers which may or may not mean a lot to you but i will tell you, it's a lot for just one weekend because this is only the american subscribers. breaking bad, the series that it's based on, basically didn't even get to that five million viewer mark until the second half, like the fifth and final season. this just shows out of the gate

a lot of people had interest in this movie. i don't want to underestimate, you know, this is as disney plus and apple tv plus comes online. this is part of the original content netflix is trying to offer to keep its first mover advantage. stuart: the stock is down $14, nearly 5%, so it's erased all of yesterday's gain just like that. $279 as we speak. i want to talk about brexit. earlier in the program today, ashley webster, who is over in london, he said parliament will pass the big brexit deal, which there's a vote tomorrow. well, ashley is back with us. all right, ash, let's make the wild assumption that you're right and that this miraculously passes, what happens then? what happens? are we out, are they out? reporter: well, they are out. there will be a lot of fine-tuning to do to the bill and there may be some amendments but bottom line, they would be out. would it be october 31st? probably. they may have to extend it a

week. but the deal would be done. i am out on a limb, you are absolutely right. the bookies say they believe what will happen will be a no deal and back to brussels boris will have to go. deutsche bank says 55% chance that this plan will not be approved. i scoff, i laugh in the face of the doubters. boris johnson is an unusual character and if anyone can turn this around and get the 320 votes he needs tomorrow, it would be him. you know what, it's a little quiet here. noi normally we are surrounded by people on either side of the issue. no one here today. i'm sure they are gearing up for tomorrow which promises to be a very long day. but there is excitement at big ben just over my shoulder. they have a protester climbing the scaffolding up big ben dressed as boris johnson. he's an environmental protester. i know that's a favorite topic of yours. stuart: ashley, let's see if your miraculous prediction is instead miraculously right.

we'll see. enjoy yourself, okay? you're coming back soon. see you later. reporter: i will. stuart: look, we promised you a special treat on this friday. we've got one. mentalist oz pearlman. he blew my mind the last two times he was on the show. well, he's back today. he's next. but just watch this. >> look at me. too obvious. you considered, you said no. just like you didn't want to go big. who did you think of? stuart: ford motors. >> ford motor. which one do you feel does not have danger in it? after all that mixing, all that switching. three or four, you tell me. >> four. >> i won't make you take that chance. >> come take a look.

happy halloween. ♪

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you. the call is free and there's no obligation. you know medicare won't cover all your medical costs, so call now! and see why a medicare supplement plan from a company like humana, just might be the answer. stuart: all right. let's not waste any time here. let's get straight to our guest, who is making his yearly visit to our set. oz pearlman is a famed mentalist and mindreader and he's back for the third time on this program. look, i'm not going to interrupt. go right at it. what have you got? >> my third time. i brought with me three envelopes. three of you. please give these a little mix. they are closed. when you feel good about it, just drop them on the table, make a nice little pile. something that's intriguing me recently is asking myself the following. are we truly in control of the markets. when i say we, i mean us humans. i'm serious. the advent of machine learning, right, predicted algorithms,

knowing what you will think before you do, and high frequency trading, how do we compete with a machine that can literally trade a million times before you blink your eyes? what if i like the machine know what you are going to think before you have even thought of it? stuart: go ahead. >> do me a favor. grab one of these and toss it all the way down. ladies first. no, no, hold on. you got to make concrete decisions. grab one. i want you to swap. swap. put them in front of you, like everybody in front. take them -- i want to give you the option to change. no, no. keep them up on the things. i want to give you an option. i don't want you to take control. i don't want to let stuart run the show. you ready? this is even nicer. we knew that would happen. just like this. there we go. there we go. stuart, my first love before i was doing mind reading, card magic. sleight of hand. i have a pack of cards. if we can get in tight and see these, all of them, they should be pret mixed up with red and black. just to be safe, give a little

mix. now, i don't do sleight of hand. i don't need to anymore. put them on the table like you did before. perfect. right in front of you. a mentalist doesn't need props. that's an imaginary deck. i want you to give them a mix. amazing acting. stop. it doesn't really matter how you mix them. put them in front of you. what i would like you each to do, i want you without looking, you are going to take your hand right on top, and i want you, you can do a lot, you can do a little, the choice is entirely yours. lift off a piece and immediately place them against your body. take off a piece of your deck and lift off a chunk, a lot, a little, really doesn't matter. that's the magic. put them against your body. be honest. we couldn't have set this up because you mixed them. you didn't know what you were going to do. same thing with you. you could be with any card right in that deck. tell us all if you are looking right now, what is that card? tell us all what is it? susan: 7 of diamonds. >> be honest.

i did not tell you to do that. it could have been any card. susan: it could have been any card. >> show everybody what did you just get? susan: oh, my god! deirdre: wow! >> you mixed them up i asked you to swap envelopes. open yours, please. open yours. open yours, too, please. stuart: the envelope, please. >> the great karnac. the market is down .35%. what is your mood, bull or bear? >> bull. >> yours? susan: definitely bullish. >> you could have taken any of the envelopes. show them what yours says. turn them around. i like to aim to please. it says ride that bull. k you could have said bear at that last moment. open up the last one. you could have said any card. what if i knew what you were thinking? deirdre: oh, my god. okay. >> not just to know what you are thinking and knowing what the markets are, no offense to fixed

income, but a muni bond is an equity. close your eyes. okay? you are leaving through and looking through the indexes and seeing a stock, focus on one stock. what i want you to do is i mentioned high frequency trading, the fact that stocks change every single moment. moment to moment to moment. grab your phone, please. i want you to hold it so there's no way i can see. i want you to pull up the price of that stock. i want -- tell me when you have done it. bring it close so there's no way i can see. let me ask you a question. if you were to google that stock right now, do you agree it would be a different price? deirdre: yes. >> hundred percent. if you did it again it would be different. if you don't trust me, do it at home for yourself. what is the price? tell us, please. what is the exact price of that stock? to the penny. deirdre: $235.48. >> $235.48. you could have done any stock.

did i influence you? know the funny part? look at your phone again but turn it around. look at the logo on the back. i put that thought in your head. apple was the stock you were thinking about, wasn't it? deirdre: yes. >> every penny counts. open that up. something tells me susan and stuart had the envelope they wanted, look at the one you selected. then open that one more time, you will see, show them what it says. it says one share of stock, peel that envelope off of there, please. deirdre: this is crazy. >> peel that envelope off. don't be shy about it. deirdre: oh, my god. okay. >> one at a time. what have we got? deirdre: 100 -- so gjealous. 35. >> you said how much exactly? deirdre: i said 48. >> count them. make sure. deirdre: this is pretty crazy. >> hold on. stuart: incredible. >> 25, 35, 45. oh, two cents. >> how much is the total? deirdre: hold on.

hold on. let me check my little stock price again. 48. >> how much do we have? deirdre: 25, 35, 45, 46, 47, hold on. >> you know what? so are you serious? 235.47? i don't know if you know this, but literally every penny counts. every penny. stuart: that's spectacularly good. i haven't a clue how you did it. don't tell me you got inside my head. >> i'm in there. i'm getting out of there quickly. it's like a black hole. you are sucking me into the varney vortex but i like it. stuart: wow. are you putting on -- you won an emmy? >> i did win an emmy this year. stuart: are you putting on a show in new york? >> i had a show that ran for a year and a half. unfortunately, i am too busy all over the place. i do sales meetings, conferences, i opened for the vice president mike pence about two weeks ago. right now i'm a little more in the corporate sector. i do events large and small but i will put on another show in

new york next year. stuart: how would you feel about getting inside the head of the president of the united states? >> to be honest, i have had a chance but it was before he was president. so we had a few times at bedminster, at mar-a-lago, but not since he won the election. call me up. the white house, give me a call. i will get inside djt's head again. stuart: that was truly spectacular. thank you very much for coming back to us. round of applause. you are a good man. >> thank you. thank you. deirdre: amazing. stuart: more after this. ♪ ♪ (nationwide jingle)

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stuart: i do want to tell you that the dow industrials have taken a turn south, and we're down 113 points. but i do want to tell you what happened during the commercial break that we have just gone through. oz pearlman was still with us. he had blown us away with his tricks and i'm going to call them tricks, then he did another one during the commercial. took a piece of paper, wrote a number on it and then he said to deirdre think of a number between 1 and 100. she thought of it. didn't say anything what it was, no hint of what it might be. then he says all right, stuart, turn over the piece of paper. what number do you see? no, he didn't. he said deirdre, what number did you look for. she said 99. i turn over the piece of paper, 99. there was no contact between oz

pearlman and deirdre and myself or susan, zero. susan: pretty crazy. stuart: how on earth they do that, i haven't the faintest idea but i digress. deirdre: i have a million questions for him. there has to be a method to it. stuart: but what is it? deirdre: really good method because none of us can figure it out. we just spent ten minutes with him. susan: you think it's manipulation that he maybe plants some of these numbers in our heads? deirdre: but he asked me to pick a stock. all he asked me was please pick a fortune 500 company. stuart: there's 500 of them. you got the right stock at the right price and he gave you the money. deirdre: i was feeling sheepish because it was a penny short in the first envelope and i felt bad because he's on tv and the trick didn't work. he gave me this every penny counts. he purposely left one penny off, then let me keep the one penny. stuart: that's really something. look, i have to deal with one

other quick story. i would like to go on about oz but i'm going to do this. new tariffs on european food products go into effect, i think it's today. deirdre: yeah, they do. $7.5 billion in total on european products coming to the u.s. there is now a 25% tariff on these goods. so parmesan cheese, bordeaux wine, scotch whiskey, french wine, air tools -- stuart: the price doesn't go up today. the price goes up when retailers have gotten rid of their existing stock of french wines and cheeses. deirdre: exactly. stuart: then come the holidays, that's when you see the price. deirdre: which is why a lot of small retailers are very anxious as well because to your point, as the holidays come, maybe some people want to bring some of these goods to thanksgiving dinner, chances are they will pay more in whatever store they go to. susan: new world wines will

benefit. if you are paying more for french wines, you will go to chilean wine instead. stuart: or australian wine. my son is a wine maker in australia. deirdre: want to plug your son's vineyard? stuart: wait for it. more after this. ♪ as a struggling actor, i need all the breaks that i can get. at liberty butchemel... cut. liberty mu... line? . . am i allowed to riff? what if i come out of the water? liberty biberty... cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ now you can, with shipsticks.com! no more lugging your clubs through the airport or risk

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or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. stuart: this is a development being reported. it is about oracle. as you can see the stock is down. reuters is reporting that oracle's co-chief executive, that is mark hurd, has passed away. now he was 62 years old. hurd took medical leave from the company. this was back in september of this year. he took that leave for undisclosed medical reasons. reuters is reporting that he has passed away. i should tell you that some time ago mark hurd was involved in a

highly contentious move from hewlett-packard, hp, to oracle. that was some time ago. now reuters is reporting that he has passed away. the stock is down a little. my time's up. neil it is yours. neil: very sad, stuart, thank you very, very much. if we get anything more on the passing we'll of course keep you posting. a week of deals widely touted but suddenly now on very shaky ground. that cease-fire in question as fighting now continues in syria and turkey isn't doing everything it said that it would. brexit is close but still very much up on the air. that gm strike everyone thought was over, it is not over. there are a lot of big ol' details yet to resolve. china saying no deal until the tariffs go. we say the tariffs won't go. so that is no deal. so the deals so widely touted now at the risk of being overtouted? first to the cease-fire where the