tv Varney Company FOX Business October 21, 2019 9:00am-12:00pm EDT
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telling everything about the account and she figured it out. [laughter] dagen: again, not running for president again, whatever he's thinking, not happening. maria: all right, dagen mcdowell, jon hilsenrath, mike penn, great to see you guys, have a great day, happy monday. stu, take it away. stuart: good morning, everyone, this is the week when we found out how much money the biggest and most valuable companies in the world are making, the earning season in full swing, amazon, microsoft, boeing, mcdonalds amongst many other, they all report this week, their profit performance will make a difference how to market performs overall, so far profits and revenue have been strong, let's see what happens this week. i'm just going to highlight boeing for a moment, it's a going down again this morning. there's report that is managers pressured to keep quietly about
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max problems. it's down 2 and a half percent, big drag on the dow. dow looking for a gain of 12 points. that is gain for the nasdaq, should be up half percentage point and all indicators remain pretty close to all-time highs, brexit, i know you're tired of it but they'll be an exit vote by tomorrow night, that is my opinion. ashley webster is over there, we will see what he thinks in just a moment. hong kong, it ain't over, tens of thousands turned out for protests over the weekend and it turned ugly and violently again, by the way, china threatened to, quote, retribution against the nba's silver support. let's start with brexit, another stab at brexit vote, let's get
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right at it. [laughter] >> ashley webster is there, i think there would be a yes vote to get brits out by tuesday night, what say you? ashley: well, you are so optimistic, stu, but i will turn away in inspiration, the never-ending story, i think, if all goes to plan maybe wednesday. i think what's going to happen today the speaker of the house, the order order guy will not allow member offense parliament to vote on the deal, why bus he put it on sat and didn't withdraw it, he walked away because of the amendment that was passed that would delay brexit. i think he can't today, but tomorrow the government will present all the legislation associated with brexit and that's when all the opposition party will start wanting to add amendments like the labour party who wants a second referendum, they want the uk to stay in
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custom's union and if it continues, boris johnson will have those votes, we will wait and see, tuesday is way too optimistic. stuart: only time will tell, webster. we will see about that. [laughter] stuart: you're over there until they get a deal, that's a fact. ashley, we will talk to you later on. ashley: oh, god. stuart: let's get to the market, modest gains, earning season in high gear as we speak, certainly will be this week, so far profits, revenue strong, do we hit new highs if that positive strong trend continues? >> here is what i think. [laughter] >> profits and revenue have been strong but keep in mind because of the trade war, because of the tariffs a lot to have companies have pulled back their expectations last quarter going into this quarter so they have
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beat but what i will say is that you will see talking about pouring cold water on something, you will see ceo's warning or lowering guidance for next quarter because there's a lot of concern about tariffs and the trade war. i think it's going to take its toll on the market. i i think the market will pull back. stuart: that was an honest answer at least, you got to it at the very end. all right, hold on a second. i have to move on the opioid front, four companies have reached a settlement ahead of start big trial today. okay, which companies settled and do you know how much they settled for? >> stuart, the big 3 drug distributors, cardinal health as well as pharmaceutical maker teva and reportedly settled for $260 million and supposed to start with a trial this morning
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but instead there was a last-minute settlement in this case and we've just learned per the judge in a proceeding right now that takes went until about 12:00 or 1:00 o'clock last night and the four sides reached a deal. do i want to point out, though, there's still one side that was a defendant in this case walgreens, they have yet to reach a deal is what we are hearing so unclear if this will still go to trial with just one defendant or if it will wrap up with walgreens reaching last-minute deal as well. the judge in this case has been pushing for a settlement for months if not a full year so this is big news for several other thousands of other opioid cases, lawsuits across the country. stuart. stuart: grady, thank you very much, indeed. we are joined by judge andrew napolitano, all right, judge, seems to me that the drug companies, distributors, anybody who has anything to do with opioids is going to get all of the blame and will have to pay for all of the costs, am i right?
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>> and insurance premiums will go up and cost of product wills go up. walgreens as we know from a report we just heard is the last one standing in this case, hey, wait a minute, we filled valid lawful prescriptions by doctors and lawful product that fda approved off in lawful amount to a patient of the doctor, how can we possibly be liable, on what the doctor did or manufacturer did. walgreens does not want to be the last standing, they will for sure set it will case, the significance of this case, it's a bellwether case meaning there are 2300 cases around the country where the plaintiff is a city or a town or a county, not the human beings that have been harmed but the local government unit in which those human beings lived, this was the bellwether case which was supposed to give an indication as to how all the other 2300 will be settled.
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they can't possibly set all 2300 of them for $200 million, there isn't just enough cash there. stuart: money still to come. >> wealth transfer and none of it, none of it goes to individuals, all goes to local governments to spend however they want. stuart: that's outjockey, outage. >> this is what we are confronted today. >> the main point is it's an outrage. more violence in hong kong over the weekend, kristina, what happened? >> this is a planned protest that there was a ban on and yet tens of thousands of people that took to the street like you mentioned you had increase in presence from the police as the protests continue into their 20th week, fire bomb, at least one was thrown, you had the police that responded with teargas and then you also had state media now, a lot of them including the editorial times weighing in saying that west presence will backfire and possibly shift over here, the
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catalonia is probably just the beginning, we are starting to see protests in spain as well as other countries. stuart: protest movement will spread. >> exactly, that's what they are alluding to because the united states has weighed in on the protests in support of hong kong. stuart: kristina, thank you very much, indeed. after a wave of criticism president trump reversed his decision to hold the g7 summit at his doral resort. here is acting white house chief of stuff mick mulvaney, roll the tape, please. >> he was honestly surprised tat level of pushback. at the end of the day he still considers himself to be in the hospitality business. i think we are all surprised of level of pushback and the right decision to change, we will have to find some place else and we will find some place else that the media won't like for another reason. stuart: i can't remember that the president has reversed himself so quickly. >> so quickly, indeed. you had democrats, you had
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watchdogs, how tell and leisure chains all of which were filing lawsuits, in some ways a lot more trouble than what it was worth. those groups were accusing president trump of violating the constitution which essentially states a sitting president can't take money and by hosting g7 in doral, you can make the inference, they don't way directly but foreign money came in. probably end up in camp david. top 3 choices. stuart: check futures monday morning, this is how we start the week ever so slightly higher, look could be up half percentage point. apple premyering another new show for streaming service and holding a big red carpet event for it tonight in hollywood, i believe, they say this new show will be as good as game of thrones, walgreens using drones to deliver medicine to your front door could get your house
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stuart: we better take a look at pelaton stock this morning because goldman sachs say it's a buy, $37 on it, right now at 24 but it's going to be up about 2 and a half percent this morning. washington post editorial board calling for a carbon tax, here is the headline, effective and progressive solution for climate change, why won't democrats embrace it? joining us now a man who knows a few things about business and u.s. senator too, republican
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from indiana. mr. senator, welcome to new york, first of all. >> good to be here. stuart: what are you doing in new york? >> sometimes i've got to come. stuart: glad to have you today. i believe you're on a bipartisan group, both sides of the aisle trying to get some kind of policy? >> chris coons has been getting one republican to join the caucus and i've been in conservation my entire life and i thought the conservatives or foot draggers on the key issues of the day and i thought it was important for us to be there to talk about innovation, technology, i said i'd do it and a few republicans that would join so that we are in the conversation. stuart: what do you make of the carbon tax? >> that's replacement for regulation and how things might work, i'm interested more in how we actually keep down the pathway of what we are doing. i think a carbon tax would have such drama associated with it
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early, but it's clear that, you know, we are putting carbon into the atmosphere, i want to reduce it. stuart: surely the way to go is more natural gas, is it? >> that's the market. stuart: that's the thing thing. >> lower than coal, of course, the cleanest, least expensive fuel is going to be welcomed regardless of what it is and it's going to be, when it comes to carbon tax, when it comes to regulation, there has -- since the time when the river caught on fire back that i remember in the 60's or 70's, in our water and our air much cleaner than what it used to be, big issue that conservatives have to be part of the discussion an not sidelines. stuart: elizabeth warren stalling, stalling on how to
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pay, does the middle class pay for medicare for all, roll the tape. >> we need to talk about the costs and i plan over the next few weeks to put out a plan that talks about specifically the cost of medicare for all and specifically how we pay for it. stuart: mr. senator, this is your area, you know about health care from your business before you entered the senate, i don't see any way of introducing medicare for all where the middle class doesn't pay heavily for it. >> this is something and when you look at the ability to raise income for anything, record income coming to federal treasury, we have structural spending issues but i love it that a senator like warren actually mentions cost and how do we pay for it, i don't hear that coming out, the voice of anyone there in dc, that's why
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we've the structural deficits. of course, we can't pay more medicare for all or green new deal. if you tax a million dollars or over, it would only race $600 billion, we have trillion dollar deficits, the only place you might raise income is high-liquid incomes, most of them are on the other side of the aisle. and the fact is we have to find a way to get government to work like all other places in the country where you believe in a rainy day fund and live within your means and undoing. >> we haven't found it -- >> there's no political will to do it. stuart: not done it, i still pay $1,400 for a miserable blood test. >> in my own business i made it transparent, i created the atmosphere where you focus on wellness and not remediation,
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did that 11 years ago and my employees have not had increase, it can be done but i had to stick my neck out as ceo to create a healthcare plan that's sustainable. if it worked across the board, there's no political will to do that kind of stuff. stuart: keep at it, mr. senator, great to have you here in new york. thank you, sir, appreciate it. i think, okay, here we go, i think medicare for all is just one of several examples of how the democrats, the party is in real disarray. you will hear my editorial on that subject, top of the 10:00 o'clock hour this morning and how about this one? yes, australian airline finished the longest nonstop flight 20 years and it was from new york to sidney. nonstop 20 hours, how did that go? well, rest assured we will tell well, rest assured we will tell you after this.
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of funds, they will use proceeds for general corporate purposes including content acquisition, production and development, netflix stock down this morning down again, 1.83, 273 for netflix, you get on a plane right now and you take off and you don't land way until tomorrow morning, near 20-hour flight from new york to sidney, it was a record, kristina partsinevelos is going to tell us, take you on board and take me through the flight. >> i'm excited to tell you this because i've had to take the trip to melbourne, it won't commercially be available till 2022, this is a commercial test and they are monitoring the 49 passengers, they give them wristwatches, they suggested exercises, mood tests, exercises like push-ups, push-up against
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the seat, we even had one passenger, professor on this test flight, listen to what she had to say about the exercises. >> i did a lot of exercise. we did the macarena. we did some stretching exercises. >> can you really see anybody doing the macarena? they were measuring melatonin levels and spicey food and purposely kept you awake for the first 6 hours, stay awake to force jet lag. stuart: i will take it. >> 19 hours. stuart: outback steakhouse.
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>> the company outback wants to make sure that their staff is greeting you and seating you if you're a customer in a timely manner, they want to get a mood, facial recognition technology not enough to actually have your features but enough to read your mood, whether you're happy, they're basically saying we want to head off any future potential complaints before they happen, they also say that they are using to track the cleanliness of the restaurant and checking up on their staff, by the way, your image will not be shared if you're nervous. stuart: checking the performance as opposed to behavior, interesting. check out the market, how will we open this market, pretty good gain for the s&p, nice rally for the nasdaq. we will be back
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i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better. stuart: brexit vote, they will start talking about it momentarily in parliament. the whole country in britain and a lot of people over here are exhausted by this long-running debate, that's why i think we will get it over with by tomorrow, it'll be a yes vote, what do you say? >> you're very optimistic and seems like they'll be a few
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setbacks especially when you're considering parliamentary, i don't know. we want to make sure that the u.s. and uk get some kind of trade deal out of this. stuart: 9:30 morning, we are running, we are open, we have started trading and the dow is up, what, 28, 29 points at the very start of the business. more than half of the dow 30 stocks are in the green, way more than half actually, now up 38 points, modest gain for the dow, show me what the s&p, i think that's also a modest gain, can you show me that? yeah, s&p is up 30, nearly half percentage point, the nasdaq, up .60%, that's a strong gain, so who do we have with us to start the week?
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keith, this is a huge week for reporting companies, are we going to get a boost for the market because of strong profits, what do you think? >> i think so, stuart, we have about 24, 25% of the s&p 500 coming in this week, i expect many of those numbers to be good, it's going to be hard to be pessimist and be profitable. stuart: some of the biggest names we know will be reporting this week, boeing, mcdonalds, amazon, microsoft, now you're watching amazon and microsoft in particular, why, keith? >> well, i think here is the thing, microsoft is growing cloud business 65, maybe 70% year over year, amazon continues to kill traditional retail, they are moving into new areas, unlimited cash supply and any kind of good earnings is a good place to be. stuart: you said amazon, microsoft dramatically underpriced at these levels, really? >> absolutely. i think amazon has had another
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35, maybe 40% on the table by this time next year, microsoft probably 20 to 25 but maybe 50 three years from now. >> analysts are echoing the sentiment, you're seeing price, $250, cfra's, a lot of people are bullish on this stuff. stuart: look at boeing, boeing down $17, nearly $18, that's 5% down, i believe that's taking about 90, even 100 points out of the dow industrials because boeing is a dow stock, what's the latest problem? >> well, congress is really ramping up scrutiny, right, on boeing's executives, no one is immune from this, two boeing employees were essentially texting each other saying that they believe that there was a problem with the software with the 737 model as we know, two fatal crashes within a 6-month time period from one another and a lot of sources are saying that
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the system was priced, rather geared towards absolutely optimum flying conditions and the second there was any kind of issue that a green pilot would not be able to react in time. >> the problem for the dow this morning, boeing is down $19, 18, $19 down for boeing, that's 90 to 100 points off the dow industrials, had it not been for boeing we would be up triple digits. let's take a look at mcdonalds, the stock is up this morning, report later this week, $2 higher, that's 1%, the stock has been on the tear this year. >> over 15% and that's because of strong fundamentals, 3 quarters of analysts, if you're looking to buy the stock before earnings tomorrow morning, they're rating and expecting average price market 233.85, why is this in delivery, investing a lot, you can go with touch
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screen, when was the last time you went to mcdonalds? overall they've been spending a lot of money on electrics and pairing up with door dash to deliver and pairing up for beyond meat. stuart: keith, mcdonalds is firing on all cylinders, i have to say that. >> it is, i love the eat there, i grew up like you, i love the big mac, here is the thing, to me the consumer is the question, i love the business, i love mcdonalds but i'd rather be in place like amazon where i have the data driving it and not consumer where it's driving hard stuart: go back a long way, check the big board, 4 and a half minutes in, we are up 10, 11 points, we would be up triple digits if it was not for boeing, that's the big drag on the dow as we speak. verizon, that's a dow component,
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reportedly looking for a buyer for huffington post website, the stock is barely moved, up 11 cents, look at apple, investment for raymond james maintains outperform rating and raised price target and they think it's going to go to $280 a share, more on apple coming for you in a moment, up 2 bucks right now. pinterest, rbc, raises rating to outperform, that's good enough for 3 and a half percent gain, 10-year treasury yield, one feature the market has been rising interest rates, that's what we have now, the 10-year treasury yield is 1.77%, price of gold still below 1500 bucks an ounce, 53, $54 a barrel. 52.82. all right, another box office winner for disney, this time it is malificient. do i have that right?
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>> that's exactly right, a new villain in town, this is angelina jolie playing on screen there, $36 million for opening weekend. for an opening weekend it's pretty strong, 117 million worldwide. so it beat out just for this weekend alone the joker, there's no the. >> disney is a content machine before it starts streaming service. >> that's the value. stuart: another look at apple, another red carpet premier, that's tonight and this is for new series called see, s-e-e. what's that all about? >> jason mamoa has the scar over his eyebrow, muscular man, he's starring in this, he said it's the best show he ever performed in, comparisons that it can be better than game of thrown but hyping it up and the reason they are hyping it up is the creator of the show is steven knight, i
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don't know if you watched that? a lot of people like it, not to forget apple tv becomes available in november 1st for 4.99 a month. >> a lot of discussion about apple, best companies in the world, best-known top brand, so keith, come on in, keith, we have apple at $239 a share, should i buy it? >> oh, yeah, no question, stuart, i think it's 265, 300 next year and, again, it keeps making moves that redefine the marketplace, this show, i think, is a netflix killer, it's an inside to what apple has got on tap and creativity is it, again, the stock is totally undervalued. stuart: okay, we will take that, i want to talk about the opioid settlement, it happened this morning, four drug companies reached a last-minute settlement on your screens are the four which, yeah, the companies which reached the settlement and
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they're all down some more except teba up 7 cents, we do have a -- it's a settlement but it's only of 1 lawsuit and there are 2300 more to come, walgreens is not part of the settlement at this point. it's still a mess but my bottom line is the drug companies, the distributors, they are going to be paying through the nose for decade -- at least a decade to come to clean up the opioid mess and they are getting the blame. any comments, keith, on this one? >> yeah, you know, stuart, i think you're right, one of the things i want to know where the heck are the insurance companies because they facilitated this entire mess, so if we really want to draw the curtains back, they have been part of the solution. stuart: just wait, they probably will be at some point. keith, thank you very much indeed for being was monday morning, thank you, sir, take a look at the market, we are what
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8 and a half, 9-minute into the session, monday morning, we started on the upside, we have a gain there of 43 points, nice gain for the s&p, nice gain for the nasdaq, we are up across the board just as we start earnings week, this is one of the big two weeks for earnings. microsoft, amazon, mcdonalds, boeing, they're all out this week. next one, hong kong, violence again over the weekend, are american businesses that speak out on social injustice here in america, are they lending their support to the protestors fighting for real freedom over there? that's a decent question to ask. we have a former republican candidate for mayor of san francisco, he's with us and he says progressive policies are what created the homeless crisis that plagues that city, he joins us in our 10:00 o'clock hour. walgreens delivering medicine and other products by drone starting today.
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and health coaching and fitness memberships to help you age actively. so you can be ready for what matters most. call today. we'll send you a $10 visa reward card with no obligation to enroll. or visit us online at aetnamedicare.com/tv stuart: 12 minutes in and we are up 38 points for the dow industrials, solid gain for the s&p and the nasdaq as well, look at boeing, this is a real big drag on the dow. bow -- boeing is now down and taking off 90 points off the dow industrials, on the other hand, apple did, indeed, hit all-time record high, right there right now, $239 a share, predictions that it goes to 280 by some investment firms, chipotle, what a stock, it's up 94% just this calendar year 2019 and just raised its price target, that
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will be bet, i don't know who they are, some investment firm raised the target to 945. chipotle, mexican grill, what a stock. order something and have it delivered by drone, they have it on the street, kristina, looks like they are dropping it in a rural area. >> they have dropping it, of course, there's cushioning in there, first pilot test, succeeded by joining forces walgreens and wing, wing is owned by alphabet, parent company of google. let's say you have a cold, you need tissue, you can order online, there's a wings' icon, you can get within an hour or so, cough drop, any items like that, they are looking to
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expand, literally like you said dropping it, tech company, close to virginia tech which has been working on the drones for the past 3 years. stuart: look at the guy, bernie sanders. >> people are saying he does look like bernie sanders. supporting capitalism. [laughter] stuart: very good. drone delivery has started, walgreens just did it, you saw it on your screen, michael, look, if walgreens is doing it now, surely a lot of other people will follow fairly soon, aren't they? >> yeah, literally thousands of companies and retailers and brands today that are testing drone delivery, i think the technology is there, it's getting better literally by the month, i'm not worried about the technology, i'm worried about two things with drone delivery, one the economics of it, drones don't fly themselves, someone needs to operate the drone, i'm not sure how that can be
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profitable even in densely packed areas for delivery, number 2, i'm concerned about the impact on society, there's a lot of questions we have about drones from are they going to bang into each other, the motor going the fail and one is going to drop from the sky and land on you, how long is it going to take before someone takes the beebee gun out and shooting them down, i would like to see little better. stuart: good point. about amazon, they report that profits later on this week, you follow them, mike, are they going to come out with a blowout earnings report, what do you think? >> yeah, i think amazon is going to have an absolutely blowout quarter earnings quarter, amazon is the company that has so much runway ahead - it it's hard to believe a company that's been, you know, 25 years old has a stock, you know, that hoovers around 13, $1,400, but amazon is
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not just a company, amazon is an ecosystem and, you know, in the age of the new retail, it's the ecosystem builders that are going to win, their combination logistic, private labels, marketplaces, cloud computing, going after the dollar stores on one end, getting into luxury, the data that they have, it's a data-driven retail and consumer world and they have more than anybody else. stuart: go back to $2,000 a share? >> i think that's -- that's definitely in the cards and could go higher from there as well. stuart: all right, you have been right in the past, you were certainly right about target, let's see if you're right about amazon, thank you so much, michael, see you again soon, thank you. you know how on some traffic apps waze, for example, waze uses can share where the police are, i do it, you can see it on the waze when you use it for
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direction, google maps will let you do the same thing? >> it certainly will, it's always available on android and ios, whatever kind of phone you have, you are now able to do that, as you can imagine a lot of police forces across the country who are not exactly thrilled with this development, nypd put a letter to google as lapd, if you keep telling people where the police are, it's harder for us to catch drunk drivers or people who need to be stopped, so there's a larger conversation, google in response to them has said, listen, maybe it's going to maybe somebody actually obey the speed limit if you know where the police are. google's counter is that it actually requires safer driving because people don't want to get a ticket. stuart: police reported ahead that's what you hear on waze, you tend to slow down. >> sometimes you get a ticket mail today you, i don't know if you've had this happen, i didn't realize i was in bus lane or
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something, i go home, there's a ticket and picture of my car, please pay 50 bucks. stuart: ouch. >> indeed, technology raising the game on both sides. stuart: dierdre, thank you. we are now 18 on monday morning session and we are up 17 points on the dow industrials, i'm going to call it chaos again in hong kong this weekend, is it time u.s. companies back the protestors by standing up to china? that's a fair question to ask. more than varney after this chevy's the only brand... to earn j.d. power dependability awards... across cars... trucks... and suvs. four years in a row. since more than 32,000 real people... just like me. and me. and me.
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stuart: they'll be a cabinet meeting at 1130 eastern time this morning, we are told the focus of this meeting will be the economy and deregulation, we will be monitoring that meeting for you and bring you any headlines because they may well affect the markets. boeing still the big drag on the dow. it's down 16 bucks now, that's taking about 80, 90 points, i'm sorry, that's taking 118 points out of the dow industrials, now, their board meets today, so kristina, it occurs to me that ceo denise, his position may be threatened here. >> that's because he was just removed chairman of the company, now the big question is will he
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be removed as ceo. so far hasn't been any spillout as to what happened during the meeting but speculation there could be job cutting. it seems like they won't be back in the air as early as february, this keeps getting extended. you have lawsuits against the company, to your question, he still needs to testify in front of capitol hill at the end of the month, maybe they'll be no movement about his position until then because they need him to represent the company in front of congress. stuart: look at that, boeing back to 328, they report on wednesday their profits, got it. more violence in hong kong over the weekend and we have a guest who says what's going on over there exposes the hypocrisy of corporate america, journalist with the greater good organization at uc berkeley, zied, if i was an american ceo, i've got a big business in china, would you expect me to come out and say forcefully i
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support the prodemocracy people in hong kong, should i do that? >> well, stuart, unfortunately these corporations they often promote themselves as having code of ethics but really just scared of their bottom line and the chinese communist party has reacted sharply even when one general manager of nba team came out and offered very mild tweet in support of the protests and because of how harshly the company can threaten the companies, a lot of the companies are scared of hong kong. >> i have a responsibility to the shareholders who are the owners of the company, if i make a statement about protestors of hong kong, and takes off $10, you can understand why my shareholders would be annoyed about this, what you suggest for american business ceo's, what should they stay? >> stuart, here is the problem, the companies are lecturing us
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about morality here in the united states, they are denouncing president trump, gillette was lecturing us about masculinity, they have this morality, what this is doing is exposing hypocrisy, in the united states sometimes means pandering to liberals and in china pandering to the communist party of china, so i think they just need to be honest with people about what motivates their business decisions. stuart: are you asking them, are you suggesting that they make comments about the hong kong protestors? >> it would be difficult as you said to ask them to do that because they do have a legal responsibility to shareholders, mainly what i'm asking them to do is to be honest, not like lebron james came out and said because it's a complicated situation we shouldn't weigh in on it and aren't the china's people's feelings, it's not
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about feelings, it's about money. stuart: be honest about it. pleasure having you on the show, i think one to have first people from berkeley to appear on this program without being harassed by me that was pretty good. come again, okay, see you soon. >> thanks. stuart: opening factory in texas, i'm going to ask the mayor of the town where they open the business what's the french luxury company doing in the heart of cowboy company, well, the mayor is on the show. we love success stories here and we have one and this success story was created out of cookie dough, we have the story for you, hillary clinton attacking tulsi gabbard, she's a combat veteran accusing her to be a russian asset, the democrats are in real disarray, that would be the focus of my take coming up at the top of the second hour of varney & company.
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stuart: no wonder democrats are pushing so hard on impeachment. their own parity, their whole narrative is in disarray. try as they meets splits, divisions policy fights are coming coming to the surface. what was hillary clinton thinking when she called tulsi gabbard a russian asset. cnn and msnbc didn't know what to make of it before they responded to it gabbard out tut a video saying i'm not a traitor and you won't shut me up. senator warren is giving democrats ajita refusing to say clearly if taxes on the middle class would go up for all. she was asked on sunday, with
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her usual response, costs will come down and she will reveal the plan soon. they need to tell us soon who is on the hook for another round of health care upset. bernie and aoc are giving their fellow democrats cause for concern. over the weekend she endorsed him, right on the spot where amazon was going to build a big campus until her opposition helped kill that deal. does bernie so hate billionaires that he will stop new york gets of thousands of new well-paid jobs? a apparently so. there is a the money raising story. trump's winning. democrats are trailing the trump campaign as mastered social media far better than his potential opponents. former front-runner joe biden is having a particularly hard time we who would have thought. we were always told the democrats are masters of political organization.
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as we start the new week, look beneath the impeachment headlines, you will see a full employment economy much stronger than europe or japan. you will see a democrat party struggling with policy, messaging, money raising. still trying to deal with hillary's charge, tulsi gabbard a combat veteran, is a russian asset. unbelievable. the second hour of "varney" and is about to begin. ♪. stuart: all right, you heard what i had to say. democrats in disarray. phil wegmann, with us, "real clear politics" white house reporter. do i have a valid point here, phil? >> i think to a degree you certainly. stuart: to a degree? what is going on here? >> if you look at the polling the discord so showing up. there is a new poll out of iowa conducted by u.s. a today. and what that shows yes, biden
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is still in first place but elizabeth warren is coming very close in second. pete buttigieg is in third. so there is no clear front-runner in that race. i think there the reason why is democrats haven't settled on anyone just yet. and now after we saw hillary clinton hurl herself back into the conversation and then also after we saw the last debate where a lot of elbows were thrown, we're seeing this will be a nasty thing. whoever limps out of this democratic nomination, democratic primary with the nomination they will be bloodied and bruised to take on president trump in november. stuart: phil, hold on a second. tulsi gabbard has responded to hillary clinton calling her a russian asset. what did she say? >> it is completely despicable, a direct quote from gabbard. believe it or not "the new york times" run this miss gabbard saying i've been
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calling everything from assad poll exist to go down the line. all these different smears. none of it is true. stuart: what a split. phil, come back in. why on earth would hillary do that? why would she say such a thing. >> gabbard challenged hillary clinton record, idealogical threat to hillary clinton with her plans at the state department, her failed russian reset, so on, so forth. tulsi gabbard who more than anyone else been on the stage is the candidate who opposed enless war in her words. a candidate a combat veteran. it is mind-boggling that you would see hillary clinton go after her in this way. frankly what this does, it elevates tulsi gabbard's stock, not hillary clinton. stuart: it does. hole on for a second, phil, i want to deal with something. aoc, alexandria ocasio-cortez endorsed bernie sanders. she did it on the very spot
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where amazon was not allowed to build it is second headquarters. >> long island city. they would open up the second headquarters, give 25,000 extra jobs. aoc endorse bernie sanders. this was his first event after the heart attack on october 2nd. according to his camp they had over 26,000 people attend. so his largest rally. aoc said, i quote, this is an authentic decision to let people know how i feel, where i am. she went on to share her past. she too was a bartender with no health care and that, that is the reason why she is endorsing bernie for those particular reasons. stuart: so phil wegmann, do you think that aoc's endorsement, i don't know why you're smiling, do you think that aoc's endorsement of bernie sanders will help him? >> i think that to a degree it certainly will in the primary. what is interesting here is that alexandria ocasio-cortez and "the squad" they have been the foil for president trump in the
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absence of a front-runner now they really have endorsed bernie sanders because he is is a the person who shares their ideas. if he continues to rise, it will be very easy for president trump to go after bernie sanders by also, reusing some of these other attacks. but i think the larger thing that this shows, even if bernie sanders does not win the nomination, whoever does win the nomination, they're going to be the ones pushing his ideas in office. they're duty-bound at this point but also what this shows, alexandria ocasio-cortez is someone who is playing a bit of a king-maker role in the democratic primary and she is not going away. she is wedded to the future of this party. stuart: talk about splits and divisions. phil, come back soon. >> okay. stuart: to the markets we turned south. dow industrials down 17 points. we're up for the s&p, up for the nasdaq. this is earnings week. of major corporations report their profits and revenues as of this week.
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jim awad with us, clear state advisors senior managing director. are you positive on these profit reports? will be okay. the market goes higher? >> expectations are really very low for earnings. the evidence so far companies are, large percentage are beating earnings. so i expect the on balance we look back, it will have a been a good third quarter, a reason to look forward into the fourth quarter. now having -- stuart: hold on. on other hand kind of thing. you've been on this program for regular basis, two, even three years now. >> yeah. stuart: i never heard you talking look out to the viewers maybe say this is the time to sell. >> no, this is america. look at the history. we grow. we have periods and pockets of weakness. the worst thing you can do be out of the markets or bet against the markets in had country. we're a wonderful thriving society. we'll deal with them. when the market is down. i think next year could be a tough year for markets. right now as we stand here if
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there is stability in the china talks, if brexit doesn't blow apart the third quarter and fourth quarter will be allowed the market to make a moderate new high. next year earnings expectations are really elevated. i think it will be a very nasty election. at this point i think we close at new high. let's stay tuned next year. there is a lot that will happen we'll have to monitor. even if next year is a tough year, if it's a tough year, you buy when stocks are down. in 2021, 2022 you will be glad you bought. it is america. stuart: a great country. phil, close us out, boeing, that is a real problem. >> developing into a real problem. it is worse than i think most of us have expected. i was on the program right after the news broke. it didn't appear to be as bad as it is. i will say the comfort that they are one of two major competitors. and they will get through this period but it could be a nastier period for a longer period of time than we thought.
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so i think it is time where you don't yet buy the stock. stuart: wouldn't buy it at 331 now. >> too soon. >> too soon. amazing when we talk about on this product. new trend, raw cookie dough has taken off in new york. people waiting in line, waiting in line for hours for a scoop of this stuff. the woman behind the business is kristin tomlan later this hour. raw cookie dough. >> i had it. it is good. stuart: police fired tear gas in kong hong kong. we're talking next to natalie. she was confined to a wheelchair after a cancer diagnosis and a medical error but she credit president's trump right to try act with saving her life. stay there please. she is on the show.
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stuart: we turned around a little bit. we're up 14 points for the dow industrials. nice bain for the s&p and nasdaq. >> >> apple at new all-time high. 239. raymond james maintaining outperform rating on it. they say, this is raymond james investment firm, it will hit $280 a share. it is certainly up today. dunkin' and beyond meat, with beyond meat they will be accelerating the launch of the beyond sausage sandwich. you like it, don't you. >> tastes like sausage. all of it is processed food.
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we don't know what is in it. i don't know. protein. it is tasty though. stuart: up a couple bucks. i had it. our next guest battled stage 2 bone cancer most of her life. in 2015 a medical mistake left her in a wheelchair but last year, after right to try became law, she was able to experiment with different treatments. she likes to say she is now living with cancer and not dying from it. natalie harp is with us. she is a member of the trump 2020 advisory board. great to have you on the show with us today. >> great to be here, stuart. stuart: would you say right to try saved your life, did it? >> 100%. saved my life. i'm here today because of president trump. i own my life. he fought for us. i'm ready to fight for him. i like to say i'm the trump economy. i keep having my best numbers
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and the best is yet to come. stuart: are you in recovery stage? i don't know how to put this, experimental drug -- >> i'm still fighting it. it is working. it is miracle, i'm walking. i'm healthier than i have ever been. i'm still on the treatment. everything is looking great. i'm very, very thankful to be alive because i sure didn't know i would be here. stuart: natalie, it was an experimental treatment you went for? >> exactly. stuart: you were allowed to do that because of "right to try." >> that is the story. when you look at it, stuart. you know what it was like in the uk under socialized medicine. nobody is allowed to try experimental treatments. in "right to try here," people fought it for 50 years. president trump was able to do it. we need choice in health care. if we go the pathway of bernie, pretty much everybody in the democratic party into socialized medicine people like me will not have the choice to be able to choose experimental drugs because the government will decide whether or not you're worth spending the money on it,
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resources a lot of times, it is too dangerous. when you have a terminal illness, how much more danger can you be in than that? i am glad we have president trump fighting for us. stuart: you make a good point, natalie. while on the subject, bernie sanders wants to forgive, forgive $81 trillion worth of medical debt. what is your opinion on that? >> sounds right? we'll not forgive and forget what caused medical debt. the unaffordable care act. we were promised health care would be affordable. you have $3 trillion in spending every year. we have a trillion dollars in medical mistakes happened from compromised care. forget -- forgiving medical debt, it is one time solution to continuous problem. president trump fought for tax cuts. there is a direct link between tax cuts, people get more money in their pockets, they actually spend that on medical treatment.
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so, half of the debts bernie wants to forgive is under $6,000. average tax cut is $2,000. incomes are going up for average households by $5,000. president trump is really helping the revenue side of the equation as well as the cutting prices for medications and medical billing things like that. stuart: biggest in 51 years. i'm out of time. i have got to tell you. it's a real pleasure on the show. to see you so healthy and walking with us today. that is a pleasure. >> it's a miracle. stuart: yes it is. >> thank you so much, stuart. great to see you. stuart: got to go back with the trouble that keeps popping up in hong kong. protests continue and deirdre, did they fire, fire is the wrong word to use, did they spray a mosque with blue dye, not protesters. >> hong kong police blasted the mosque and protesters with blue
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die. people had gone to the mosque to basically protect their place of worship. hong kong police say the mosque and people around the mosque were accidentally, that is their word choice. this is the 20th week. tensions increasing still between the protesters and the hong kong police. about 350,000 people were estimated to be in the streets and of course this issue with the mosque brings up the larger issue that many people say china is keeping up to one million muslims in camps. some people liken to work camps or concentration camps. has become a serious human rights issue. stuart: carrie lam, chief hong kong executive went to the mosque to apologize in person. >> she did. stuart: thank you very much, deirdre. how about this ones the first chik-fil-a in britain shutting down after just six months. we're going to tell you why. later this hour we'll talk
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about san francisco's homeless crisis. we have the city's former gop mayoral candidate. he says years of liberal policies created what he calls a tragedy. what is his solution. all very well to say a tragedy but what is his solution to the problem? we'll ask him. more "varney" after this. ♪ i knew about the tremors. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's
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and get a notification the instant someone new joins your network... only with xfinity xfi. download the xfi app today. stuart: fractional gain for the dow industrials. up 11 point as we speak. mice gain for the s&p and nice gain for the nasdaq. chik-fil-a in britain. they have one outlet, it will be closed after six months.
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why? deirdre: it was in redding, england. they had a lot of pressure and boycotts. the company owners are known to have conservative views. they made donations in the past to anti-lgbtq rights organizations. they faced controversy here in the united states. in britain i guess six months all it will last. people say there may be pop up shops along the stay. a mainstay in redding england, where it was, it is gone. stuart: i remember the first chik-fil-a opened in new york city. mayor de blasio called for boycott. that met for lines around the block. there are lines around the block. we're not like britain. deirdre: they find themselves in cross-hairs, whether chik-fil-a or nike, buy nor nike jerseys or burn them, all companies are having to take a political stand. stuart: this company taken a
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stance on scrutinizing employees and customers. outback steakhouse, testing a camera system, that will keep tabs, kristina i thought it was to keep tabs on employees and staff members. customers as well. kristina: they're focusing on lobby of restaurants. they have 1400 restaurants. not all-out back steakhouses. bonefish grill or carrabba's italian grill. they're looking at cleanliness, wait times for customers. they can even review your facial expression. you're anxious, angry, waiting so long to get into the restaurant and instead of leaving walking writing a negative review they can see that to address the your needs. according to the company they will delete videos after 30 days. this is the future. starts in the lobby. goes to the dining room. scanning everything based on what you're eating. if you throw back the food, i have hair in my fad, i want a
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free meal. they will know you're lying. list continues. big brother, 1984. stuart: wherever you are -- >> you're being watched. stuart: somewhere, somehow, new reality it is. new report showing more and more americans want to break up the big tech companies. they also want government to regulate social media. government to regulate social media. we have the man with the research on that coming up in a moment. planned power outages look to be a new normal in california. pg&e says the state could experience blackouts over the next decade. problems keep mounting up, don't they?
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on a scale of one to five? one to five? it's more like five million. there's everything from happy to extremely happy. there's also angry. i'm really angry clive! actually, really angry. thank you. but what if your business could understand what your customers are feeling... and then do something about it. turn problems into opportunities. thanks drone. customers into fanatics change the whole experience. alright who wants to go again? i do! i do! i have a really good feeling about this.
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♪. stuart: oh, no. my least favorite. kristina: yeah. stuart: producer says everybody loves that song and i don't. deirdre: everybody minus one. stuart: kiddie pop. everybody minus one, thank you, deirdre. i'm the one. we turned slightly negative. kind of a go nowhere day for the dow. as i keep saying s&p, nasdaq they're both up. look at snap, they report earnings later on this week. credit suisse raised the target price. credit suisse says, snap will go to 21. that is good enough for a 4 1/2% gain right now. according to research from the brunswick group, 54% of us, we americans, believe that big tech should be broken up.
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robert moran is with the brunswick group. he is the guy who came up with this i can't believe it. more than half of americans want to break up the amazons, the googles, facebook of this world, break them up, really? >> yes. stuart: how is the question asked, that is a big deal, isn't it? would you want to break up the rotten, ugly big tech companies, of course they would get that response. >> no. we asked it in a neutral way. this is the second wave of the same research we've been conducting for, among attitudes in the u.s. and the eu about big tech. in this wave, 54% of americans felt that big tech should be broken up for competitive reasons. in the last wave it was 47%. when you ask it in terms of platforms, or the technology platforms, promoting or stifling competition, it is even much
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closer. it is 51-49 split. 51% saying it might be promoting competition. the american electorate is really divided. in reality there is margin of error on couple points of this research. what you're seeing is, american public response to the political campaign season heating up. i think that is what you're seeing. stuart: more and more people are taking anti-big tech position. >> right. stuart: you have got to tell me about this one. 53% of us, 53% of americans believe social media companies should be managed by the government? come on, i can't believe that? >> yes. so what is going on here there is a difference in american public opinion between tech companies and social media companies in terms of favorability. americans are increasingly concerned about privacy issues with tech, with social media companies i should say. and very concerned about the
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spread of disinformation, false news, inaccurate reporting, et cetera on social media platforms. i think that is important. the other sort of eye raiser in this, eyebrow raiser, when you look at partisanship in this survey, you find that republicans are actually more supportive of breaking up big tech than democrats. about 10%. so i -- you see this across the range of issues, more conservative, more liberal bases in the american politics are starting to agree on some populist things this might be a little bit one of those. stuart: any breakup of big tech would be managed by politicians and politicians are leading the charge to break up big tech. >> correct. stuart: what you're telling me is, it is having an impact on the way people feel about big tech. we'll have to keep a close watch on that one.
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robert, your research is good. we appreciate you bringing it to us. thank you very much. >> thank you. stuart: good stuff. i want to go back boeing. that is a big drag on the dow today. as you know boeing is a dow stock. it is down $14 a share as we speak. that is a 4% loss. that means because it's a dow stock, you're taking 80, 90, maybe more points off the dow industrials. they have got a board meeting today i think it is, it is today or wednesday? deirdre: it is. stuart: earnings wednesday? deirdre: earnings wednesday. what congress is looking at is the internal culture at boeing. the fact some engineers may have felt rushed to say certain products were okay. in fact there was a survey done again by boeing, three years ago, where one in three employees actually said that workload and schedule were affecting the way this they make decisions. one in three employees. this was not necessarily related
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to the 737. this was related how do you approach your job? however i want to highlight an individual gave this report to the house transportation and infrastructure committee. it didn't come through the general investigation. it came through an individual source who is saying listen, these engineers were more or lessed force to say things were okay when it came to getting faa approval of certain mechanisms in the planes. stuart: i wonder if the and when the max jet gets into mass service, will customers say wait a minute, do i want to fly on this jet? deirdre: i think you're right. if they manage all of this i think -- stuart: would you check on the plane before to see if it was a max jet. deirdre: no. >> i feel like people aren't doing that at all. we tend to forget very quickly. give it a few years people will move on. deirdre: two fatal plane
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crashes. >> 346 people died. stuart: i'm not a prisoner of fears. >> you're a lucky man. i'm saying the boeing execs they will go when the planes relaunch. they will be on the first few flights. they're flying it. stuart: let's get this story. qantas, as australian airline, t it, they completed the world's longest flight. i didn't know there was this angle. climate change people are not happy about a long flight. kristina: they're not happy about the testing flights. this is commercial testing flight t was 20 hours, just over 20 hours. it is the technically could be the first, longest flight in the world. should come into effect in 2022. you have climate change protesters saying that this is unnecessary, irresponsible because of how much fuel the plane has to carry in it just to go that long. stuart: this is ridiculous. kristina: quantas responded,
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spokesperson in terms of fuel burns and emissions the direct flight was no worse than normal stopover in l.a., possibly a lot better given the time for taxiing coming down, going back up when you have to refuel. they think it's a better situation. to the point, those wondering about this test, 20 hours. they're looking into the urine samples of the pilots to make sure they are awake. melatonin levels. given spicy feared during the day. speed inducing sleep like nutmeg and hot kobe co. you get on the plane in the evening. keep lights on extra six hours to force you can stay awake to combat jet lag. a lot of testing. a lot of testing for 20 hour flight when the longest flight is a little bit over 18 hours. singapore from new york. stuart: that's right. i like long flights, actually. deirdre: you can sit in the chair. i can't.
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i have to do this tomorrow, 25 hour flight tomorrow. stuart: two legs. deirdre: two legs. to l.a. first. l.a. straight to melbourne. stuart: good luck changing your terminal in los angeles. deirdre: i'm an hour 40 minutes. stuart: you need more time. let me tell you. lax -- deirdre: same terminal. should be good. stuart: that's better. deirdre: kristina: give me a heart attack. stuart: we have san francisco. some of the highest property values in america. very rich city. they have a homeless problem. they just can't fix it. is there a solution to the san francisco homeless crisis? we will certainly ask someone who should know what the solution is. juul, taking the vaping crackdown on the chin. they pulled their flavored vaping products. but their competitors have not. what's up with that? we'll ask an early juul investor, all about it, next hour.
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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: there is a development in the brexit situation in britain. ashley webster will join us now. ash, are they going to vote today or what? >> as i suspected, stu, no, they are not. speaker of the house john bercow announced motion to put forward to hold up-or-down vote by the eu is exactly the same in substance. as per the parliamentary rules that is not allowed within the same session. he says the house already decided the matter. that is not true. they didn't even go near it. in a sense they did decide the matter. motions will not be debated, it is repetitive and disorderly to
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do so. he went back to 1604, stu, is the debate of the government's motion sensible use of time and a proper respect for the decision of the house that was taken on saturday? he said no. we're expecting to hear from boris johnson later today on what he plans to do next. but another defeat for boris johnson, stu. stuart: can't they just put the vote off until tomorrow? >> they could. i think what is going to happen he is going to bring the whole bill, maybe later today. withdrawal agreements, about 100 pages. all the nuts and bolts of the deal. he may want to go that route first. get that approved, then do the final vote on wednesday or possibly thursday, it goes on and on. stuart: i hope our viewers are not as exasperated as you and i are, ashley because we don't want them changing cheney. looks like you got your work cut out for another few days. thank you, ashley. >> all right. stuart: check the big board.
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we're mildly positive for the dow. that's what we got. get to san francisco's homeless crisis. our guest says years of liberal policies in san francisco have caused this, what he calls tragedy. with us now is rich greenburg, a former republican candidate for the mayorty of san francisco. ritchie, tell me, we know there is a problem here. i agree with you it is the result of liberal policies. what is your solution? what is it it. >> good morning, stuart. i'm happy to be here, hello from san francisco the city by the bay. so here's the situation now. we are facing a perfect storm of all these negative consequences all coming together. things like lack of political will, paralysis of law enforcement systems and lack of voter enthusiasm. so until we can tackle each one of those or all together, we're stuck in a stalemate. stuart: so there is no solution at this point? there isn't one? >> no, no. there is a solution.
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stuart: what is it? >> it will take a lot of time. first of all if we look at political will, we have candidates running for office who have an election, i don't know if you know here in san francisco in couple of weeks we are choosing a mayor once again. the current mayor has been basically doing nothing, just going to ribbon cuttings and grand openings. he has not taken any action to deal with this. what we're facing in terms of the actual homelessness in the past we looked at it as being -- stuart: ritchie, i'm sorry. look, we've been all over this for months and months and months. we know the extent of the problem. >> correct. stuart: but you don't have a solution. you cannot elect a conservative, a republican in san francisco. you just can't. you simply can't do it. >> that is one of the problems. stuart: you have no solution here. >> that is one of the problems
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but it is also, now we're finding more and more evidence of a mental health issue as well. that was not dealt with before. it was looked as being purely a housing affordability issue. but now we have more and more evidence, we see social media people here locally that are going up and down the streets, showing video, they're taking video, putting it on twitter and facebook and instagram to try to get attention of the local politicians here. trying to make meaningful change, hopefully with exposing that we have drug addicts and we have mentally ill people on the streets. it is not just a housing affordability issue. and that seems to be getting the attention of the politicians are regardless whether they're conservative, republican or not. stuart: rich, i don't want to be facetious, but pg&e pg&e is warning there will be blackouts in the california for the next
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decade. you can't solve the homeless problem in san francisco or any place else. why don't you move? >> why don't we move? stuart: yeah, you. why don't you move, if it is so bad and there is no solution, move? >> there is saying that you can't trash san francisco unless you love san francisco. i love san francisco. i'm, so do many of my colleagues and so many of my neighbors. so we have a vested interest here. we invested in san francisco, whether you're a homeowner, condo owner, someone been here for a long time and loves this city, has natural beauty. it has people here that are fantastic, but it has a big achilles' heel. we have a big problem. we are trying to work together right now. that is why i'm not leaving. stuart: okay. you're a good man. we thank you very much for being on the show. i wish we had a solution to this ritchie greenberg, everyone. >> thank you. pleasure to be here. stuart: sure. look at that.
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tornado ripped through dallas overnight. thousands left without power. we have an update on the extent of the damage coming up for you. that will be next. get to the cookie dough business. the woman behind the business called dough cookie dough, that is very popular in new york city. people line up for hours to get it. what i want to know is, why is raw cookie dough in new york city so popular? some things i don't understand. edward jones. it's time for investing to feel individual.
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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. ♪ stuart: we're down 10 points now. pretty flat to slightly lower dow industrials. although s&p and nasdaq still up. i have got video for you of the tornado ripped through dallas last night. quite serious stuff. how bad was the damage? deirdre: if you look at the damage it stretched 17 miles along. there was a big game going on, american football, dallas, versus philadelphia eagles. while that was going on this tornado was ripping through dallas. heavy damage, collapsed buildings. tons of people left without power. 17-mile stretch they're talking
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about. stuart: thank you very much, deirdre. a success story. we have a success story on this program. this tastes good. do cokeky dough confections. they sell raw cookie dough. this whole company was started in the kitchen of one kristen tomlan. this is told that they're a hot spot on the city food scene welcome to the program. >> thank you. stuart: how did you start this. >> baking as young child t was passion of mine. stuart: when did you started idea? >> 2015. stuart: four years ago? >> yes. stuart: two years in stork? >> exactly. stuart: they're around the block. >> they're lining up cookie dough like they crave it. >> what is the big attraction? i don't get it. >> cookie dough at home would be harmful contain bacteria. the dough we serve is totally
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safe to receipt. the cookie dough i teach people to make is safe to eat. stuart: sweet tating. >> you can eat it or bake it. stuart: is this a brand new thing? i have not heard of cookie dough stores ever. >> it is kind of new. we were first to do it. stuart: do you ever a patent. >> you patent a recipe but trademarks on brand. stuart: you have two stores in manhattan? any place up. >> we did a pop up in chicago. we're opening another pop up in bryant park at end of this month. stuart: when i was a kid i used to watch my mom baking. occasionally she would scoop out whatever dough she was doing and hand it to me. i kind of liked it. >> it is delicious. stuart: is that where the idea came from? >> exactly where my idea came from. i was obsessed with the cookies half the time they didn't maybe it to the oven. stuart: hold on a second. you brought stuff with you.
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is it soft. >> yes. stuart: wait a second. i'm not eating it. it is how it is served that container? >> this is shipped nationwide. it is set up like a ice scream experience. you get a scoop, one scoop, get it in ice cream, milkshake, how you want to eat it. stuart: i got it. how much is this. >> retail at $9. stuart: what? $9? >> yeah. shipping. stuart: very surprised. maybe i'm out of touch, $9? >> it, amount would make 12 cookies. stuart: but $9. someone walks out of there with plastic spoon, plastic spoon, terrible, chow down and eat the lot? >> can eat it or save it. stays in the fridge for three weeks. freezer three months. stuart: would they bake with it? >> absolutely. all the dough is edible and bakable. stuart: you sell it as soft stuff and a cookie.
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hand me. deirdre: i did. i bought it and took it home. stuart: i have here one cookie available in your stores. >> yep. stuart: how much? >> 2.25. stuart: what? maybe i'm -- kristina: starbucks same price. stuart: over two dollars? kristina: i have a fetish. i love chocolate chip cookies. i know all the price. >> she knows all the prices. stuart: wee don't want to hear about your fetishes we're not going there you have people lined up around the block? >> yes. stuart: that is extraordinary. you are expand. >> we are. stuart: you will not tell me the gross receipts past year? >> i will not share. stuart: over a million dollars. >> over. stuart: you can sell million dollars worth of cookie dough in two stores in new york city one year. >> well over.
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stuart: two million? >> more than that. stuart: three million? >> more than that. stuart: five? >> includes entire business. stuart: five million? >> yes. stuart: close to five million? >> yes. stuart: $9 for that, 2.25 for that. >> we ship nationwide. stuart: okay. >> we have partnerships at citi field. different stadiums. my new cookbook came out this week. stuart: i love success story. you're a success story. >> thank you. stuart: anybody who can sell 9-dollar cookie dough on the streets of new york has to be successful. stuart: kristen, thanks for joining us. >> thank you. stuart: seriously great product. fine business. great to see you. >> thank you. stuart: all right. moving on. president pump pulled american troops from syria. we were told they're coming home. they're not, redirected to iraq. what happened to the pledge to stay out of foreign conflicts? >> the mayor of keane, texas, on the program. last week the president was there to mark the opening of the louis vuitton workshop. what i want to know how many
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better. call stuart: the left is hot on climate change, and they want drastic action to deal with what they see as an existential threat, that is, a threat to the very existence of the planet as we know it. well, the drastic action that they want, i don't think it's going to attract voters, and that's a problem for the democrats and anyone who sees climate problems and wants to do something about it that doesn't kill the economy. this morning, "the washington post" offers what it calls a compelling case for a carbon tax. put carbon into the atmosphere by using fossil fuels, and the "post" wants a big new tax. everyone would pay. but the vast government bureaucracy would redistribute the money that it raises. the price of gas, diesel, home
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heating oil and electricity all go up, but the middle class doesn't have to worry. our political leaders will make sure that only the rich will pay. voters might be a little wary about promises like that. we've covered at length the green new deal which is still the basis of most democrats' climate campaigns. massive new regulation, government inspection of every building in the land, massive new taxes, cut back on air travel. come on. this is not going to appeal to middle america. by the way, the arrest of jane fonda isn't going to make climate change a more attractive issue for voters, either. she plans to be arrested every week, demanding climate change action. she's a high profile activist but she comes with baggage. not everyone approves of her stand during the vietnam war. wait until those suburbanites
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around new york city hear the details. this week, president trump holds a rally in pennsylvania. it is a deliberate poke at the democrats' climate policies. you see, pennsylvania allows fracking, which has brought tens of thousands of jobs and billions in tax revenue and she cheap energy. mr. trump would point out the democrats would ban fracking and hurt what is a swing state. climate may actually be a plus for this president. the third hour of "varney & company" is about to begin. stuart: all right. i always like to get some editorial reaction, or reaction to my editorial, i thshould say. look who's here to do it. elizabeth macdonald from "the evening edit" on this network. do you think president trump can
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flip the script on climate? >> i think he could because it's nonsenseical what the democrats are talking about. how are they going to power their green new economy without electricity fueled by fossil fuels like nat gas? it makes -- they have no common sense in that, critics are saying. the obama stimulus, obama's green new deal, remember that, funded a lot of cash for clunkers, a lot of green energy failures, so if the democrats have already proven they can't do it, you know, pick the right companies, and they can't fix the border, how are they going to fix climate change? elizabeth warren wants to take over buildings. she wants to take over housing. she wants to take over cars as the federal government continues to leave the lights on in federal buildings. i just don't get it. i don't see how it meshes. stuart: their solution is unaffordable and extraordinarily complex and president trump i think is in a position to say look, nat gas, i'm all for it and that's how you get carbon emissions down. i'm going to take that script,
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i'm going to win on this one. >> right. that seems a cheaper way to do it. what democrats are proposing now, it looks like it makes obama's stimulus plan look like loose change in the sofa cushions compared to what they want to spend. stuart: you are in for the whole hour. i will pack a lot into this block. i want you to make what you want to make of aoc endorsing bernie sanders, did it this weekend. she did it right just steps away from where amazon would have built the new headquarters had it not been for aoc knocking them out of the box. by the way, again, she took on the wealthy. roll that tape, please. >> i was working as a waitress in downtown manhattan. i worked shoulder to shoulder with undocumented workers, who often worked harder and hardest
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for the least amount of money. i was on my feet working 12-hour days with no structured breaks. i didn't have health care. i wasn't being paid a living wage. and i didn't think that i deserved any of those things. because that, because that is the script that we tell working people here and all over this country, that your inherent worth and value as a human being is dependent on an income that another person decided to underpay us. stuart: well, that was a long sound bite. what's your response? liz: i worked as a waitress. i didn't think it would be a permanent job. i needed the money to put myself through college. a lot of people have been where aoc is. it's this idea that you're
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entitled to stay and remain as a victim and that they should treat the u.s. constitution like an all you can eat buffet salad to pay for everything, free everything would collapse the u.s. economy and the "new york times" had a really breathtakingly enumerate silly headline, in a strong economy why are so many workers on strike? because it is a strong economy. they've got more powerful collective bargaining rights and you know, when you have more people working, you can have more people striking. by the way, socialist economies, they don't go just on strike. they riot. they riot in the street. i don't know. i really don't -- i'm sitting here thinking i don't get it. stuart: before you go, i've got to ask you about hillary. what was she doing saying tulsi gabbard was a russian asset? can you think why on earth she would do that? liz: that's another thing i don't get. why the attacks on tulsi gabbard? she's a military combat veteran. she served her country.
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she put her life on the line along with many of our great men and women soldiers. here's the thing. is this again more of bringing up the russia narrative for hillary clinton? the impenetrable logic of the clinton victim narrative, it's a chance to bring up russia again. hillary has blamed russia, james comey, the media, the electoral college, the deplorables, and she's one of the few candidates whose approval ratings have dropped after they have run for election. stuart: let me put miss gabbard's tweet in response to hillary's charge on the screen. hillary and her gang of rich powerful elite are going after me to send a message to you, shut up, toe the line or be destroyed. we the people will not be silenced. join me in taking our democratic party back and leading a government of, by and for the people. do you think hillary's running? liz: there has been talk about that. i'm not sure.
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stuart: i can't believe it myself. liz: i can't either but you see tulsi's last line of that tweet, take the democrat party back. again, we talked about, this is not even our parents' democrat party. stuart: no, it's not. not even close. not even close. reminds me of the socialist party of great britain in 1952. that's what it reminds me of but that's another story. stay with us, please. i want to talk for a moment about boeing. their board of directors, their top executives continue meeting today in san antonio, texas. the new report came out that boeing may have hid issues with the max jet for years. they report their earnings on wednesday. right now, the stock is down another 12 bucks, back to $331. 3.5% down. that's a huge drag on the dow industrials. that 12-point loss accounts for, what, 80, 90 points down for the dow industrials. without boeing, we would be up triple digits. after a wave of criticism, president trump did indeed reverse his decision to hold the g-7 summit at his doral resort
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in miami. i have been saying this, this is the first time i've seen the president back down like this. we will get more on that one for you. meanwhile, president trump headed to pennsylvania this week. h it's a direct hit on the democrats. he will tout shale and america's energy independence and that's not the only trip he's taking this week. we will cover it all for you. a cabinet meeting starts at 11:30 eastern today. we are told the focus will be the economy and deregulation. we will be monitoring. any headlines, you'll see them real fast. this is the third hour of "varney & company." ♪ ♪ ♪
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over again. deirdre? deirdre: week 20, here we are, no signs of deescalation from either side. you had protesters throwing firebombs at the police, you had the police responding with tear gas. one side incident, the hong kong police have blasted a mosque with blue dye and police in hong kong say it was accidental but of course, then this reminds everybody of a greater human rights charge that china is in theory keeping about a million muslims in camps that some liken to concentration camps. as we know, all of this started between hong kong and the protesters in june. this was the idea of the proposal to allow an extradition to mainland china -- stuart: they're still out there. by the tens of thousands. deirdre: 350,000 in the streets. stuart: 350,000. it's not over. that's for sure. all right. thank you, deirdre. over the weekend, president trump, i'm going to say bowed to
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bipartisan pressure and reversed a decision to hold the 2020 g-7 summit at his florida resort. differenc david avela is with us, go pac chair. i think this is the first time i can remember the president completely reversing a decision so quickly. >> you know, i thought that last cookie segment might soften you up a little bit. it has not. that said, issue solved. we move on, a new location will get selected and voters are going to say okay, now what are you going to do for me, because you look at recent surveys that came out, what do they most hear from democrats in congress, they don't hear health care, they don't hear transportation, they don't hear usmca. what they hear is impeachment. stuart: that's true. i got it. what about this one? the president said withdrawing troops from syria, okay. we thought they were going to come home. they're not. they're going to be transferred from syria to iraq.
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was this another reversal? >> wasn't a reversal, it was we're taking them out of syria, getting them out of that conflict, which he said during the campaign he wanted to end long-term wars that the u.s. has been in. this continues that and you can have -- we can have a healthy debate of whether it's a good idea or bad idea, but the president has decided certainly with advice from his military advisers, can we still keep america safe, what will it mean in the middle east if we do this, and he's made the decision to pull them out and it certainly is causing now some realignment because now what's saudi arabia going to do, what's iran going to do, what instability does this bring to them, russia seems to be making some moves to move back into that region which of course, they spent most of the '80s in afghanistan in the middle east. stuart: the president in the 2016 election, candidate trump, he said look, all these foreign wars, especially in the mideast, are pointless, have cost us $1 trillion and countless american
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lives, i want out. do you think that's his goal by the end of his first term, to say we're out of afghanistan, we're out of syria, we're out of the middle east, i did what i said i was going to do? do you think he will get to that point? >> maybe -- well, certainly on syria, he has. look, so far, the things that president trump campaigned on in 2016 are the things he's worked to pursue. stuart: do you think it will be popular? is that an election winner if we are indeed out of the middle east? >> for a lot of middle america, it is going to be a winner. there are going to be national security voters, republicans and independents, that are going to be very concerned about it and they'll have the loo look at hi foreign policy in totality which, if you look at the trump policies in totality on foreign policy, he's had -- it's where in many ways he's exceeded expect at aations expectations. stuart: key indicator for me, who is raising money. you run a pac. is money flowing in for president trump?
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>> not only is it flowing in for organizations like go pac but if you look at the numbers, the republican national committee, $27 million last, the democratic committee $7 million. the trump campaign continues to do very well as the dems fight it out. stuart: you still feel positive about 2020? >> i do. stuart: you better. you have a lot of money in this one. thank you very much, sir. netflix, take a look at that stock. been beaten down recently. it's at $275 this morning. they will offer $2 billion worth of bonds. they will raise that money and use the proceeds for general corporate purposes that would include content acquisition, production and development. $275 on netflix this morning. up 18 cents. there you have it. snap, that stock is up, what, 5.5%. now $14.26 a share. credit suisse says that stock will go to $21 a share. that really helps the stock, clearly.
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peloton, goldman sachs says buy it. they've got a target price of $37. unfortunately, today it's down a buck at $22. check those box office numbers. disney's "malificent, mistress of evil" took the top spot, bringing in $36 million in the states. not all good news. the first movie in the franchise brought in around $70 million in its opening weekend. got it. "joker" is in its third weekend in theaters, brought in almost $30 million in the third weekend. it's on its way to breaking a worldwide box office record for an r-rated film. that's "joker." not "the joker." "joker". tons of sports news this weekend. yankees' season ended in dramatic fashion, a ninth inning home run by the houston astros. good-bye, yanks. the dallas cowboys snapped a three-game losing streak. they beat the philadelphia eagles in prime time.
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but i wasn't watching any of it. no. i revolved my weekend around liverpool and man u. that's right. soccer will make a return to "varney & company" despite the outrageous objections of our producers. we'll be back. ♪ most people think of verizon as a reliable phone company. (woman) but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. virtualize their operations. (woman) and build ai customer experiences. we also keep them ready for the next big opportunity.
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so, you can really promise better sleep? not promise... prove. and now save up to $600 on select sleep number 360 smart beds. ends saturday. stuart: let me go through some of the sports news from the weekend. first of all, the yankees, their season ended kind of in heartbreaking fashion. a ninth inning home run sent the astros to the world series. the yanks are out. full day of nfl action. i think the highlight was the cowboys beating the eagles last night. that snapped a three-game losing streak. but look, everybody knows this. all i really cared about over the weekend was liverpool and man u. who's with me? liz: crickets. totally kidding. stuart: you are totally ignoring the most important trend in american sports which is the adoption of english premier league soccer? deirdre: i like that it's english, not latin american, not brazilian. stuart: english premier league soccer enjoys stellar ratings in
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the united states of america. it's probably more popular than hockey, for heaven's sake. liz: isn't their season twice as long as the nfl's? stuart: what's that got to do with it? it's ratings every single saturday. deirdre: pro or con, var? stuart: what do you know about video assisted refereeing? it's here to stay. deirdre: plus or minus? like it or hate it? stuart: it turned out to be a plus. but in some respects it slows the game down and lowers the refs' authority over the game. heaven forbid it reaches the same level as you've got in american football, where the flags are always going down constantly, and there's commercials all the time. you watch english premier league soccer, you just watch it, there are no commercial breaks. it's not like that. they don't break for four
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minutes while they decide what they are going to sell you. [ speaking simultaneously ] deirdre: the top 20 teams are on average worth something like, what, $1.7 billion? they are pretty profitable franchises. stuart: have you been looking this up? that's very good. liz: they do play year-round. you can see soccer in a certain country year-round, right? stuart: that's right. that's why it's the world's most popular sport. we are done with this. dow industrials now up, show me, 20 points. we'll take it. we are at 26,791. now, in a few moments, president trump holds a cabinet meeting at the white house, of course. this one's going to be all about the economy and regulation. if we hear anything from it, you will, too. ♪ as a struggling actor,
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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: there's a cabinet meeting, it has started, it's at the white house. they're discussing the economy and deregulation. we're looking for some headlines. as soon as we get them, you'll get them, too. that is a promise. check the market. gradually starting to rise again. now we're up, what, 37, 38 points for the dow, 26,800.
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but we are keeping on with pretty solid gains on the nasdaq and s&p. i want to join us now with ron carson, with the carson group. ron, i want to talk earnings, because this is a big week for company reports. the earnings we have seen so far have been pretty solid. do you think that this week's results will be good enough to push the overall market to new highs? >> that's a really good question. 15% so far have reported, 84% have beat, albeit a pretty low expectation number. but yeah, we have 24% of companies reporting the balance of the week. just feels like we're going to get there. i think earnings do come through, it will be enough to push the market to a new high. we are pretty close right now. stuart: do you think that investors are now more focused on profits, and these profit reports, than they are on small changes in the china trade talks or the brexit vote?
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do profits rule the roost at the moment? >> they are going to rule the roost. however, there's a lot going on out there. you've got china, the impeachment, brexit, i mean, and hong kong, let's not forget that, so if there's any real change in any of those, they are going to overshadow earnings for a moment but ultimately, that's what the market's all about, the present value of future cash flows we're going to have. the market, we are in a seasonal time where the market will start to pick up some momentum. there's a ton of liquidity sitting around. a lot of people are confused. we've got, you know, a market where you've got part of it really expensive, part of it really cheap, so yeah, i think people are going to really look at companies as owning businesses and they are going to be very surgical about where they go. but i do believe earnings will come through a little better, continue better than expected and push us to a new high. stuart: what do you think would happen with amazon if they just disappointed ever so slightly,
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they disappointed? what do you think would happen? >> i don't think it's going to matter much. amazon's a machine. bezos is a genius. if you can't tell, i think the man's incredible. it will be, you know, i really do not believe it would have much of an impact. maybe a short-term impact on the market. but it's going to really down to trade's a big deal. people are still sitting around hoping that we get something that's more sustainable. if we get that, i mean, we could really have a really nice run into the end of the year. but that's a biggy. we need to show real progress. stuart: if we show real progress on china trade, we could go nicely higher. do you think a brexit vote that lets the brits get out of the eu by october 31st, if that did happen, would that be a plus for our market? >> i think it would be a big plus. anything that provides some certainty. right now we have had a period this year, think about it, where we are always waiting for the
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next shoe to drop. you know, the economy is pretty good and by the way, i mean, we need, let's not forget we have a presidential election coming up and president trump really needs to keep gdp above 2%. we have that, we keep inflation low, interest rates low, sets up for a nice run. stuart: can you see anything on the horizon that might, i repeat, might really hurt the markets very suddenly? i'm not talking about an unpredictable black swan event. what do you see on the horizon? >> you know, the fed all of a sudden does an about-turn and all of a sudden we don't think they're very accommodative or things blow up with china. keep in mind, i think we are getting to a point where if they start to deteriorate, i think china takes a step back and says you know what, we'll see who we will be dealing with after the election and that could, just because we know we will have a long period of uncertainty, then you will bring the political part into that, i think that could be very negative for the market. stuart: got it. ron carson, thanks as always for
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being with us. i will be watching amazon real close and microsoft, too. thanks, ron. see you soon. i want to talk about vaping and i want to talk about juul. they are the vaping kings, basically, juul. as you know, they have pulled all of their fruity flavors from store shelves. however, juul's competitors are still putting out flavored vapes, if i can call it that. gregg smith is back with us, an early juul investor. can you explain to me why it is juul that's having to pull back on these flavored e-cigarettes, whereas i think it's blue e-cig and logic, they're not? >> good morning, stuart. thank you for having me. as you know, i hate smoking, hate cigarette smoking but i think juul as a category leader has made a very leading decision to pull flavors off the market because they are actually listening to regulators. they are hearing what -- stuart: you are an investor. >> i am an investor in juul.
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stuart: you approve of them taking the flavored stuff off the market? >> i do. as the leader they are pulling flavors off the market because they are listening to regulators, hearing what their community wants of them right now. i think there needs to be almost a reset in this category. but let's be clear. it's not flavors. data and science will show that flavors give adult smokers a much higher chance of quitting combustible cigarettes which we know kill people. one of the biggest issues facing the category is retail access. we really need to do a hard look at keeping these products out of the hands of youth. one of the biggest announcements that came last week and really got no press was the fact that alibaba quietly mentioned they are going to stop selling e-cigarettes on their site. so if you want to wonder where our kids are getting these cigarettes without age verification, you look at these bad actors, whether it be alibaba or other online marketplaces selling probably not only counterfeit products but products that are not fda approved and with no age verification. if our kids can go on alibaba and order these products, i think this has been a great
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beneficial unintended consequence of these vaping illnesses in the last month or two, that we are having this epiphany moment. people are waking up and realizing that detrimental impact of counterfeits and folks like alibaba that are selling this. we will see a big change. stuart: alibaba is still selling -- >> they are not. they came out and said they are stopping the sale of all e-cigarettes. it's a fabulous move because why should my teenaged kids be able to go on to alibaba, place an order and have it show up in the mail with no age verification. we need to move to age verification. flavors are not the big deal. i know people make a big deal about flavors. they have huge benefits to smokers, but again, when all these companies file for fda approval which will happen by may of next year, i believe flavors will be on the market because they will have many benefits to smokers. stuart: we still don't know what is the risk of vaping itself. i don't care what you vape, whether it's thc, nicotine or anything, we don't know whether the simple act of vaping carries
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risk. because we haven't studied it. >> it's all about harm reduction. even bloomberg last week which is an irony reported that in england, they are losing 50,000 to 70,000 smokers a year who are converting to vaping. england has a smokeless goal of having a smokeless country in the next ten years. so it's harm reduction. we know that e-cigarettes are at least 95% less harmful for you than cigarettes. today, in this country, 1300 people are going to die from cigarette smoking. so e-cigarettes pose a much better alternative and outcome for those cigarette smokers if they can move over to smoking e-cigarettes. stuart: that's the case you have to make, and keep them out of the hands of kids. >> absolutely. restricting access to our kids. i think data and signs will show th this is a much better alternative for smokers. stuart: we appreciate you being here. thank you. now, you ever gotten a rush, you know, a rush from making a deal, online deal, or you bought
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something online and you get that sensation, you get a rush? apparently it's real. it's actually backed up by science. the rush is real. ain't that right? liz: this is your brain on online shopping. so this is about dopamine, the chemical released by neurons. when you go to the mall and anticipate that, you get a dopamine hit. when you do it on the internet, you get a double hit because you are anticipating it and you shop, then you get the box. it's like having christmas every day, some people say. by the way, when you add free shipping and overnight shipping, that makes it even more -- feel even better, there's more excitement. but you know, what's interesting, jeff bezos has kind of motorized this with impulse shopping at the checkout line. now it's on the internet. that's why his revenues are going up. stuart: i don't get a rush out of spending money. i get a rush out of a deal that makes me money.
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liz: that's right. stuart: isn't that par for the course? liz: yes. when people go on the internet they click through to find the deals. stuart: deirdre is skeptical, you don't get a rush out of spending money. all right. check apple, please. earlier today, it was at an all-time high. it passed $240 per share. that's the new high. keeps just going up. $240.25 right now. the opioid makers, talking -- actually distributors, mckesson, cardinal health, amerisourcebergen, teva, just agreed to a $260 million settlement in just one ohio case, blaming them for their role in the opioid crisis. those stocks still down some more, certainly the first three. only teva up just a fraction. more on that coming up. elizabeth warren still hasn't said whether middle class tax payers will pay more under her medicare for all plan. got more on that for you. meanwhile, mayor pete has
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revealed his plan and it involves a very large corporate tax. joe biden, his fund-raising has taken a hit over the past month. the ukraine story clearly hurting him. president trump, ah, he's off to pennsylvania shale country this week. he's taking a jab at the democrats with this trip. it's all about america's energy independence in pennsylvania, a swing state. meanwhile, the cabinet meeting goes on. we are waiting for the headlines. you will get them when we do. ♪
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so when will there be a vote? when will the brits finally get out? ashley: well, i will pass on your frustration, stu. i think what's going to happen is maybe tomorrow, possibly wednesday. i mean, this is another defeat for boris johnson. not an unexpected one. don't forget, he said he would rather be dead in a ditch than have to ask for another extension. late this afternoon, labor leader jeremy corbyn said he had been reassured the prime minister had not been found anywhere in a ditch, in a somewhat sarcastic remark. as you know, the lowest form of wit. to your question, i think maybe tomorrow, maybe wednesday. the government will introduce their withdrawal agreement bill, the wab, all the nuts and bolts of the deal. parliament will look at that, probably make amendments, more messiness. if they can get through that, maybe by wednesday, the bill, the deal to get the heck out of the eu could be brought before the houses of parliament.
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don't count boris out yet, although i have to say the odds are stacking up against him. stuart: what's that ad, any day now, any day now. all right, ashley, thanks very much indeed. ashley: time will tell. stuart: you're stuck where you are. senator warren, elizabeth warren, once again hedging on how she's going to pay for her medicare for all plan. all right. she's hedging, she's not telling us how she's going to pay for it. what is she actually saying? deirdre: she's saying she's going to come up with a plan to show voters how she's going to pay for it. this after a year of nearly 30 times dodging questions on how she would pay for it because even bernie sanders admits he would have to raise taxes on the lower income classes, not just middle class taxpayers, taxes will go up. their plan would cost more than medicare, medicaid, social security, food stamps combined. and what happened is, uc berkeley, one of her advisers at uc berkeley is saying you know what, she's going to have to
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step up because he admitted her plan as it currently exists, she doesn't have enough to pay for it. she wants to raise people's taxes by taking away insurance for 160 million people, their private health insurance, she wants to take it away and raise taxes. this is her walter mondale moment. stuart: however, mayor pete, he does have a plan as to how he would pay for it. what's his solution? liz: he wants to raise corporate taxes back up to 35% and make companies pay for his plan. we don't know if any of these will fly with voters. we have never seen so many democrat candidates say they will raise taxes. this is more than what walter mondale, running then. stuart: even if you raised corporate tax back to 35%, it wouldn't be close to bringing enough money for medicare for all. not even close. liz: that's right. european countries, by the way, abandoned wealth taxes. it didn't work. that's what they keep talking
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about. i don't know. stuart: good story. glad you're back. next one. another busy week for president trump. now, deirdre, he starts wednesday with a rally in pennsylvania. what's this all about? deirdre: shale insight conference, one of the reasons why the u.s. is as close to energy independence or energy independent as it has ever been. this is a little bit of a victory lap for the president. as we know, at least the state of new york refuses to practice, certain states -- stuart: strong suit, isn't it. pennsylvania is a swing state. what's at risk in south carolina? deirdre: this is actually a little more contentious because he's going to be with about nine of the democratic opponents, one of which presumably he will be facing on the ticket in 2020, so this is at a historically black college and it is all about criminal justice reform and as we know, he actually passed that first step act which let non-violent offenders out of prison a little bit earlier,
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basically reviewed mandatory sentences, gave judges more leeway. he's going to be with, yeah, i mentioned nine democratic candidates speaking about criminal justice. stuart: he's speaking directly to a predominantly black college. deirdre: predominantly black college. he will tell you as well, we have seen from the stats, african-american unemployment pretty much at its lowest in something like 50 plus years. stuart: that's friday, south carolina. thanks. we knew joe biden's third quarter fund-raising numbers were not good, they were down, actually, but apparently he is in the red. what's that mean? he's spending more than he's pulling in? liz: currently right now. this campaign is in a world of pain. politico says the biden campaign only has $9 million in cash on hand. that's lower than kamala harris. watch this. bernie sanders, elizabeth warren, pete buttigieg have $83 million in cash on hand combined. those three campaigns, versus the biden campaign of $9 million. sanders has $34 million.
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elizabeth warren has $26 million. buttigieg has $23 million. wow. you wonder if that hunter biden controversy is hitting the biden campaign monetarily now. stuart: is julian castro about to leave the race? liz: he's saying i need $800,000 in donations in the next ten days or i will drop out. stuart: okay. let's see what happens. only time will tell. thanks, liz. louis vuitton opened that factory in texas. i will ask the mayor of the town where the factory was opened why and how did he get a french luxury company to move to his town in the heart of cowboy country. it's a good story. ♪ ♪ ♪ ♪ ♪
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stuart: okay. we are getting a headline or two from the cabinet meeting. the administration, the president says they've cut eight and a half regulations for every new one. now, that far exceeds the president's goal of cutting two for every new regulation. the headline also suggests that regulatory reform will save the average american household $3,100 in coming years. one more headline. the president said the
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cease-fire in syria is holding. okay. here come the headlines. next guest is the mayor of keene, texas. president trump was there last week, cut the ribbon on a new louis vuitton workshop. the mayor joins us now. welcome to the program. as i understand it, you are giving $91,000 worth of tax breaks per year to louis vuitton. my question is, how many jobs does that create in your town? >> well, actually, i can't take any credit for that. most of that's coming through the johnson county economic development commission and the city of keene itself since the louis vuitton plants is on our outskirts is really not involved in that. stuart: how many jobs are being brought to your town? >> that, i really can't answer either, but i do know that several people that live in keene are working there.
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several people from cleburn, joshua, venus -- stuart: okay. if they didn't get a big tax break, and they are a french luxury goods maker, why did they come? how did you bring them to cowboy country? >> well, let me give all the credit to people that have gone before me, because i have only been mayor since last november and this deal was cut before then. but we're happy to have them there. stuart: what did you say to get them? they're french people. they make luxury products. here they are in the middle of texas. how did you get them there? >> i suppose they probably heard about johnson county and the nice folks in johnson county and the good people we have in our labor force, that would be my suspect. stuart: you should have showed them good texas barbecue. that would bring them in. your honor, we're out of time but congratulations, you got
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louis vuitton in your town and that's pretty good. thanks for joining us. more "varney" after this. ♪ this piece is talking to me. yeah? so what do you see? i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades. ♪
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stuart: now the cabinet meeting is underway at the white house. they're discussing the economy and deregulation. we're getting a couple of headlines leaked from that meeting. so far the headlines have not had any impact to speak of on the stock market. headline number one, the president says the trade deal with china is coming along great. got that one. you think that was a plus for the market? no impact so far. the president says the economy is doing, quote, fantastically well. again no impact on the market. he has said that many times before. next one, he says, we need
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usmca, that is the new nafta deal. he wants it to be voted on. he says if it is voted on it will pass. that's mildly positive on trade. again, no impact on the market whatsoever. we're still up what, 20 odd points for the dow industrials. i will tell you some big name stocks are moving today. that is to some degree in anticipation of some earnings reports that is coming out later on. i want first of all, have we got apple? yes we do. $240 a share. that is a new all-time high for that stock. it is up four bucks today, clearly helping the market because it's a dow stock. of course apple still worth more than a trillion dollars. amazon, they report their earnings later on this week. i'm looking for a big earnings report. i'm, yeah, i'm playing the expectations game. i expect a big report. and the market shows a 21-dollar gain for amazon as we speak.
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microsoft, they report this week as well. they're up just 7 cents. not sure which way that earnings report will go. only time will tell. neil, it is yours. neil: thank you very much. i imagine if boeing were not in the mix. it is in that mix. that selloff is the reason why the dow is not seeing headier advances. we'll get to that in a second. is the u.s. the best game in town? all of this as global stability is on the rise. think about it. you have these riots without end in hong kong. protests without end going on in london on the whole brexit thing, whether they get their act together on it. you have a tough election north of the border in canada. a lot of investors concerned it will leave to unresolved constitutional crisis there with various parties trying to share power. then of course the deadly clashes that have
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