tv Varney Company FOX Business October 22, 2019 9:00am-12:00pm EDT
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this madness. >> cautiously optimistic. i think, however, the market value of common sotock in the u.s. sets a new record high by the end of this month. maria: have a great day, everyone. see you tomorrow. "varney & company" begins right now. stu, take it away. stuart: good morning, maria. good morning, everyone. we start with mcdonald's. warning, i don't care what the analysts were expecting. i don't care whether mcdonald's beat or missed. in my opinion, mcdonald's came through with a strong financial report. international sales, up strongly. domestic sales, up nicely. the dividend, up, what, 8%? mcdonald's keeping its position as the world's leading fast food chain and it's well-positioned to take advantage of strong consumer spending into next year, but because there was a slight expectation miss, the stock is down. let's see how it closes today. as for the overall market, the three majors, the dow, s&p,
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nasdaq, all within 2% of their record highs. you have to say again that despite it all, stock prices remain pretty strong. the dow is going to open with maybe a three-point gain, fractional. s&p up four, maybe. nice gain for the nasdaq again. that's looking to gain a quarter percent at the opening bell. all right. here's what's coming at you in the rest of this three-hour extravaganza. solid earnings reports this morning. some big gains for some big names. the exxon trial starts today. progressives are trying to take down big oil because they didn't warn us about climate change. softbank is putting yet more money into wework and taking full control, $1.7 billion in return for what is a bailout. adam neumann is off the board. not bad for the guy who wrecked the company's ipo. and hillary is still making headlines. she seems to be avoiding the
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presidential candidate that she called a russian asset. now, that's a show. "varney & company" is about to begin. stuart: we've got a slew of companies in the news today, making news, and the stock prices are moving. look at that, will you? biogen will revive an alzheimer's drug that it had shelved. the stock is going to be up, what, 36%, over 80 bucks up right there at the opening bell. a chinese company reportedly considering a bid for the vitamin retailer gnc. that stock is up close to 20%. the toy maker, hasbro, says okay, tariffs on toys made in china did hurt them. the stock is down 15%. dow component procter & gamble raised guidance for the year and
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reported strong growth in its beauty and health businesses. that's good enough for a 4% gain for a giant company. procter & gamble. better profit at harley davidson. international sales of its bikes up nicely. that's international sales. 6% gain for the stock as of right now. then we have, let's get back to it, the dow component mcdonald's. that is going to be a drag on the dow, at least at the opening bell today. lauren simonetti is here. lauren, you know how i feel about this. i don't want to talk about expectations. i think the report shows mcdonald's keeping its place as the number one fast food retailer on the planet. what else have we got? lauren: international growth of almost 6% in the quarter. new promotions, price increases, that's great for the company. it's working. new items, they are opening 1200 new stores this year. okay. and where is it at? delivery. they plan to deliver -- a $4 billion delivery goal by the end of the year.
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they keep buying technology companies so they keep up to date and are testing meatless. they are totally on trend. stuart: thank you very much. not a single word uttered about expectations beat or miss. oh, you are good. lauren: i can come back? stuart: absolutely. let's get real serious now and talk about the exxon trial. frankly, i call it a show trial. it begins today in new york. exxon's charged with lying to investors about the cost of carbon emissions. jackie deangelis at the courthouse in manhattan. jackie, set the stage. what are we going to see in court today? jackie: good morning. well, the trial is expected to commence at 2:15 in the afternoon. we are standing in front of the new york supreme court, as you mentioned. new york attorney general letitia james is going to allege that exxon violated the martin act, new york's anti-fraud statute, basically saying that exx exxon deceived investors because
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it had multiple sets of figures that incorporated how climate change and regulation could impact its business. exxon is probably going to counter by saying we don't really know how climate change will impact the business. so of course, we have certain sets of numbers, these are estimates to give share holders a sense of what could happen. the damages in this case, however, pretty severe. new york looking for anywhere between $467 million and $1.6 billion in damages due to shareholders and that's just an estimate at this point. it's going to be a three-week trial. at least that's the expectation right now. and we are expecting that at some point during that period, rex tillerson, the former ceo and former secretary of state, will be called to testify. stuart? stuart: progressive highway robbery by any other name. thanks very much indeed. i'm sure we will get back to you shortly. i will have an editorial on this, the exxon show trial, at the top of our next hour. okay. got it. under armour founder kevin plank, big name, he's stepping
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down as ceo. kristina, it's a change at the top but the stock is going up. that's not the normal course of events, is it? kristina: he's still staying on as brand officer, brand chief, he's executive chairman. he's not getting rid of his office, he's spending more time on the company. he's being replaced by patrick frisk, president and c.o.o. he's been in a lot of interviews very lately with kevin so it's almost like you saw this trans i cans transition coming. frisk is supposed to be focusing on north america's deals and that's where some of the weakness we see with the company. you see relatively flat sales. they are trying to work through that. overall, under armour was founded in 1996 by kevin plank in his grandmother's house. he went public in 2005. a good american success story in that sense. he still says he's going to be present and is just focusing more on the brand.
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stuart: he's a success story. kristina: of course. of course. stuart: the stock is up. got it. i want to get to hillary. that story has legs, as we say in the business. the war of words between hillary and democrat hopeful tulsi gabbard continues, but they will not be hashing it out at a forum in d.c. today because hillary has decided not to take part in the event. a brief sound bite. roll it, please. >> she had something to say about me and i would have been very happy to have that conversation directly face-to-face with her. stuart: it ain't going to happen today. joining us, james freeman, "wall street journal" editorial board kind of guy. is hillary clinton, explain to me why on earth would hillary clinton make that claim last week? >> yeah. that's a tough one. i can explain why she doesn't want to show up, because when she made that claim, she provided no evidence for the charge that republicans and
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russians are going to collude to make tulsi gabbard a third party candidate who will then cost democrats the 2020 election. stuart: is she running? >> hillary? stuart: yes. >> i tend to think not, but it is odd and i think this podcast, it's a remarkable sort of document in terms of the direction of the democratic party because you have hillary, the 2016 candidate, talking with former obama campaign manager david plough and it's a long discussion how republican cheating, alleged cheating, cost her the election, colluding with russians, suppressing votes. you might remember, after the 2016 campaign, there was some democratic discussion of maybe she should have campaigned in wisconsin, maybe things could have been done differently. that's gone. so it is 100% a fact-free charge that cheating denied her the election and it will deny democrats again. i think that is just so cro
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corrosive for democracy. it's not accepting the results of elections. stuart: precisely. she can't get over it. she's still going at it. i want to talk to you about joe biden. where is he? we searched his website and found that he's got two appearances later this week in pennsylvania. but that's about all. he certainly hasn't made any headlines recently. it sounds like he's fading dramatically. is he? >> well, if you look at when he announced in the spring, his polls are lower but they are a little higher lately. elizabeth warren's kind of flattened out. it's odd because biden is getting pummeled in the money race by sanders and warren and even pete buttigieg. even kamala harris, very competitive on the fund-raising. biden's got very little cash in the bank relative to some of the other contenders, but -- and you can't, i think most people would say not great debate performances, but he is hanging in there as the leader and i
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think it has something to do with voters in that party not wanting to embrace the full radicalism of bernie sanders, elizabeth warren fundamental change in the relationship of people to their government. stuart: when i look at the overall race, i see -- i do see joe biden very quiet at the very least. the man is very quiet. i see two socialists, sanders and elizabeth warren -- >> she identifies as a capitalist. stuart: i know she does. i'm saying she's a socialist. >> it's hard to tell their agendas apart. that's what's been frustrating to bernie sanders. he keeps having to say no, no, i'm the real socialist because she keeps endorsing and raising his policy proposals. stuart: unbelievable, isn't it? >> it is. stuart: i'm a socialist, i'm the socialist. fantastic. james freeman, thank you very much indeed. quickly to the market. we have turned around. the dow is going to be up, not much, maybe nine points. up four for the s&p. 22 points higher for the nasdaq. nerd alert.
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the new "t"star wars" trailer w released last night. tickets to the movie already sold out. i guess that was a big deal. not to be outdone, apple holding a red carpet premiere for its new streaming tv show called "see." we hear from the star of the series later this hour. didn't know that. there you go. elizabeth warren, new education plan that will pile on another $800 billion worth of spending on top of all her other spending proposals. sounds like socialism to me. senator rand paul is next on that very subject. "varney & company" we are just getting started. so. let's talk. we're built for hearing what's important to you, one to one. edward jones. it's time for investing to feel individual.
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unlimited wireless and home internet customers. okay. both stocks up. netflix turning negative on the verizon/disney news. netflix, because of that, is down about, what, 2% this morning. $272 on netflix. starbucks, you've just got to have it delivered, haven't you. starbucks is expanding its coffee delivery service to several cities, including atlanta, denver and philadelphia. that service now available in 16 major markets. you need your coffee delivered? democrat frontrunner elizabeth warren calling for another $800 billion worth of primary and secondary education spending. senator rand paul is with us, republican from kentucky and author of "the case against socialism." mr. senator, welcome to the show. great to see you. >> thanks for having me. stuart: senator warren says she's a capitalist. okay. what do you make of that? >> well, she certainly votes a lot like bernie sanders, the
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socialist, so i don't know how she gets to be called a capitalist but i'm at least glad she doesn't want to wear the label like bernie does and aoc. it's amazing to me that anybody in our country who has read any of the history of socialism would want to be called a socialist. stuart: yet that's where we are, senator. >> it's kind of sad. stuart: i can't understand it. i can hardly believe it. i thought it was dead and buried given its performance but no, it's back. >> if you just look to venezuela where the socialist leader there is leading the richest country in south america to starvation and famine and people don't get it, then the left now says they're not socialists. well, they certainly were with the socialist party, they nationalized most of the business and industry and it's controlled centrally and there are price controls throughout the economy. it sounds to me like socialism but they say no, no, he's just a murderer and thug. he's a murderer and thug and socialist. stuart: i can't believe america would elect a socialist to the
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presidency. how about you? >> no, i can't imagine they will. that's why i think ultimately, saner minds will prevail even in the democrat primary with regard to bernie sanders. here's the rub. if elizabeth warren is for everything bernie sanders is for, doesn't that make her a socialist also? stuart: yes, sir, it does. your colleague mitt romney revealed that he got a shadow twitter account, he was pierre delecto. he used that account to criticize the president. mitt romney is leading the charge against president trump. are there cracks appearing in the republican party? >> i'm going to announce this morning that i don't have a fake twitter account. all i have is my official one and we try to keep it interesting but i don't know. sounds interesting to have an alter ego. i think as far as impeachment goes, i haven't heard anybody yet in the senate say they would be for it. the problem with the democrats' impeachment move is they have done everything they are accusing trump of doing. hillary clinton was talking to a spy, foreign spy, about the
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election. christopher steele. john brennan i believe was also talking to the foreign intelligence agencies in england about spying on trump. it sounds like the one thing that really is going on is that there were many democrats asking foreign countries and foreign spy agencies to investigate their opponent. how is that different than when they are accusing the president of? stuart: well said. are you basically in favor of most of the policies which president trump has put into practice? >> i think the idea that we fought in the middle east too long and that we have had unintended consequences, we have gotten more chaos, less stability and more terrorism because of our intervention, i agree completely with the president on that. stuart: mr. senator, real pleasure having you on today. best of luck with the book. the title again, please? >> "the case against socialism." stuart: love it. mr. senator, thanks for being here. see you again soon. thank you very much. quick check of futures. we have moved up a bit more. 20 points up for the dow, five for the s&p, 26 for the nasdaq. how about this from chi p
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boeing is up 1.5% this morning. it's been down a lot recently. they say that there's progress being made on the 737 max jet's safe return to service. the company says it's taking steps to implement action that will quote, sharpen our focus on product and services safety. the stock is up three bucks, $336. how about chipotle. it reports after the bell today and we have an analyst who says that thing could hit $1,000 a share. bill is with blue line capital and is with us right now. make your case for a thousand bucks a share. >> i see three fundamentals here, reputation, innovation and most importantly, they are engaging their customer base. with reputation, they are starting to [ inaudible ] with the product, they are back on track. simple innovation, you got digital sales huge right now. but engaging the public, simple
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things like avocado day. their marketing is striking very well. but let's back the truck up. the technicals on this chart are extremely constructive. this has been a bullish move across all year long. this range we are seeing is very healthy, in the same manner we saw from spring into june. we are looking at this range breakout bringing us to $936 at minimum. i think really, what we will see is an overshoot to a thousand bucks. stuart: that's very interesting. we are looking at the chart right now. that is a sensation. i see it at about the $300 mark early this year and it's now men does it hit $1,000 a share? >> if we see great earnings today which are very doable, analysts have been upgrading it, estimates moved higher all week long, last week as well. we could see it in the next week
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or two. if earnings miss, as long as the stock holds above $760, $790, it's still a buy in the near term. stuart: wow. you made a headline right there, bill baruch. thank you for coming on without any jargon. i understand everything you said. that's really cool. if you're not careful, you'll be back. thank you very much indeed. dow industrials going to be up close to 30 points at the opening bell this morning. up 5 on the s&p, 25 on the nasdaq. those earnings reports are pretty good so far. market just wants to go up. with time, comes change
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stuart: whoa. what a deal within wework. softbank will take control of the company and kristina, you are going to tell me how much adam neumann is getting. kristina: he's getting at least $185 million in cash, then softbank is buying about $1 billion of his shares because they don't want him to have control anymore. then they are also loaning him money as well. he's getting a huge package to step away from the company, this is the same man that we know he's known for partying, his pilot of his private jet said he had stuck marijuana in a cereal box on his way to israel. this is a company that just five weeks ago tried to go public, failed. the valuation of the company was
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$47 billion last january. now with this deal, softbank taking over, it's valued at $8 billion. softbank have invested 10, have loaned another 5. it's a huge hit but they have so much invested in it. stuart: they do indeed. they have a lot invested in him. all right. we are off and running and right from the start, we are up very very nicely. wasn't expecting this. look at that. now we are up 80 points. no, we're not. we're up 10. maybe i was looking at the wrong board there. anyway, okay, there's a lot of green on the left-hand side of your screen. we are up about, what, nine points, eight points. that's it. look at mcdonald's. i will call it the stock of the day. yes, it's down because it missed expectations. you know i hate that. i think this report that it came out with earlier shows it's still number one in the fast food business worldwide and it is growing very nicely. we are also going to show you the three other dow components
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which reported today. procter & gamble is up on strong demand for its beauty and health products. united technologies raised its forecast for the year. that usually helps. the stock is up a couple of bucks. travelers, that's an insurer, it was hurt by higher costs and it is down strongly, down 6%. you've got to look at this one. biogen. it will take a second look at its alzheimer's drug. new tests were positive and that company is up, the stock is up $88, 39% up on biogen this morning. hasbro is down, hurt by the tariffs placed on toys made in china. big drop there, 15% down for hasbro. there's a chinese drug company reportedly considering a bid for the retailer gnc. gnc is up nearly 14% on that news. and another one, harley davidson, international bike sales strong. the stock is up 8%.
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okay. lots to go at there. most of those stocks we mentioned are up. who's with me? mike murphy is back, kristina partsinevelos and lauren simonetti. mike, how would you characterize the earnings reports that you have seen so far? >> they have been good to very good. i think they are enough to push the market to higher levels but remember, we have seen good numbers out of places like the financials, the banks. we need to see strong numbers from the growth area, from the big tech names, and we will hear from them soon. that's what we need to push us to new highs. stuart: when we see mcdonald's and amazon -- sorry, when we see microsoft and amazon, this week, that is really make or break for the whole market, isn't it? because if either of them really disappoints, that's a problem. >> it would be a problem but what we have seen when big names disappoint lately, the money rotates to different areas. i think it could be a problem but i expect strong reports from both. stuart: okay. i want to get back to mcdonald's. i'm calling it the stock of the day. there's a slight dip on the stock right now. it's at $202 a share.
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would you buy it? >> i wouldn't. i still think the stock is expensive but i will say in full transparency, i wouldn have bet against mcdonald's a long time ago. i thought the health push across the country would hurt them. i would love to see a boeing type pullback of mcdonald's. lauren: mcdonald's u.s. president said recently we are in a way going back to the basics. you say you want plant-based, you say you want boxes that are friendly for the environment but you really want to eat what tastes good. that's what they are focusing on. kristina: traffic at their u.s. locations have declined. competition is ramping up, so consider that as well. stuart: same store sales up 4.8%. international sales up 5.9%. kristina: i'm not denying they are strong numbers. stuart: in a supposedly slowing american and global economy, i don't see how you come up with sales growth numbers like that.
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>> there's an argument that in a slowing economy, people will pass on expensive restaurants and go for the value they see in mcdonald's. stuart: okay. we've got news on trade. a presidential tweet, it's about usmca. that is the new nafta. here it is. can't believe that nervous nancy pelosi isn't moving faster on usmca. her people want it, they don't know why she isn't putting it up for a bipartisan vote. taking too long, exclamation point. okay. no impact on the market from the presidential tweet but we reported it. take a close look at the dow component boeing. it says it is making progress on getting its max 737 jet back in service. the stock is up today but it's been a big drag on the dow recently. in fact, boeing cost the dow 280 points in the last three days. would you buy boeing on this dip? >> i would. we bought boeing yesterday under $330. it's a company we talked about several times.
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boeing, if you look out three years, five years, boeing is going to be in a much better place. they will be past this. so any sort of major pullback in the stock is a buying opportunity. you saw one yesterday. lauren: i wouldn't get on that plane. kristina: i don't know, they saw a lot of downgrades yes. credit suisse wouldn't add it into their portfolio or support the risk. i se te the dip. i just wonder if there will be further dips. these planes, they operate in a duopoly. you have airbus and boeing. they will be out there eventually. stuart: only two real plane makers in this world. boeing and airbus. lauren: one in china as well. stuart: you think it's a long-term bet? >> remember, it came from 380 down to south of 330 yesterday. stuart: dead flat market after five minutes of action. check the big board. we are up, what is it, one point. 26,800. under armour is in the news. their founder, kevin plank, he's stepping down as the ceo. the current chief operating
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officer, patrick frisk, will take over at the top. in this instance, mr. plank is not leaving the company. he's going to be executive chair, brand manager supremo. the stock is up 1.4%. got it. so sorry, not so -- misread that. not so rosy forecast from jetblue. it's down four cents. that's not much. the ten-year treasury yield is 1.78% this morning. interesting sign. interest rates going up a little. that should help out the stock market, i would have thought, on this occasion because it suggests we've got a strong economy, right? >> it does but as long as we're south of 2%, i don't think it's going to have too much of a major impact. stuart: price of gold not doing very much. since it broke below $1500 an ounce, you are at $1491 right now. oil, i figure that's about, what, $53, $54. $54 per barrel. we've got a lot of news on streaming. first off, verizon will offer
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disney plus for free for 12 months for some of its phone and internet customers. disney releasing the new "star wars" trailer last night. i don't know about getting rave reviews but there's an awful lot of interest in it. netflix taking a hit on the verizon news. they released a trailer for the new season of "the crown." all of these streaming services, is there any one, mike murphy, you would invest in? >> apple. it's one that i own currently. i'm looking at netflix. i want to see what happens as far as netflix goes. but the question here, is the competition going to overwhelm them or is there just going to be so much content out there for people where they can be a strong number one, two or three with amazon, apple and disney out there as well. it will be interesting to see but netflix keeps getting hit. i'm looking for a good play because think about this, apple has gone from 200 to 240 in the last couple months.
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that's about $200 billion in market value they have increased. at some point i think they look to buy netflix if it keeps dropping. stuart: look at roku. that's a streaming play because you get the roku box and everything streams through it. this morning it's at $136. that's up nearly three bucks. it's had a terrific year. by the way, should point out that apple at $241 is another new all-time high on apple. roku, did you see it coming? >> i didn't at all. to be honest, i still don't completely understand it. but that's one where i would say for the people at home, just because it's had a huge run doesn't mean forget the fomo, fear of missing out. don't chase the stock. stuart: i had an e-mail from a viewer the other day about how you get the roku box and you don't have to enter your password for all these different streaming services. you just plug in the box and it comes to you automatically, the streaming service. i don't have to worry about passwords. am i right? is that true? >> i don't know.
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but i might go buy one if it is. stuart: i get so confused. i really do. stop laughing at me. ups, they have announced a pair of partnerships, one with cvs, another with stamps.com. first of all, the cvs deal, they are going to deliver prescription drugs? kristina: they are looking into that. first they will start with delivering medical supplies on campus in utah. they tested this out -- by drone -- so they tested this out in march and what they discovered is they are able to deliver medical supplies in three minutes versus 19 minutes by car. that's something they are working on. this is premium delivery, blood samples and all that are relatively light and the deal with stamps.com is they will be giving stamps.com members discounts on ups rates and shipping rates because that's what stamps.com does. stock up 15% so far. i just checked. lauren: those stories are great for older americans who have trouble getting out of the house. kristina: perfect. stuart: older americans? lauren: i wasn't talking about
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you. i was just looking at you because we are having a conversation. stuart: i have 15 seconds before we hit 9:40. what are you buying today, mr. murphy? >> i would still look for boeing, if boeing is down in the mid 330 range, i think it's a great company to buy. look for it to get back up close to 400. stuart: you bought it yesterday? >> yes. stuart: buy on the dip. >> yes, sir. stuart: murphy, thank you very much for being with us. always good stuff. good luck in the marathon which you are going to run on november what is it? the 3rd. >> i don't think i will win but i'm looking forward to it. stuart: can you run five hours? >> i think i can. that's kind of the number. stuart: well done, in advance. all right. check the big board. kind of going nowhere despite all these earnings reports and some very good profit reports. we are down 14 points. elizabeth warren wants to get rid of very successful charter schools. this is to appeal to the teachers union. it's all part of her new $800 billion spending plan for
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education. that's the focus of my take which will come your way at 11:00 this morning. new yorkers taking trains into new jersey just to gamble on sports. that's part of the reason why the state had nearly a half billion dollars worth of bets placed on sports just in one month. believe that? a half billion dollars worth of bets in new jersey in one month? extraordinary. i will ask draft kings executive what's driving the booming business. first, thoeshugh, hollywood heartthrob jason momoa was at the premiere of "see." you will hear from him in just a moment.
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look at macy's. they are going to ban, repeat, ban all fur sales in all of its stores by 2021. no impact on the stock. that's kind of a cultural thing. apple last night held a big red carpet premiere for a show on its new streaming service. the show is going to be called "see," s-e-e. the show stars hollywood heartthrob jason momoa and kurt knudsen was there. watch this for a second. reporter: "see" is being described as as epic as "game of thrones." >> you can't compare it to "game of thrones." that's the greatest show that's ever lived. reporter: what's the take-away? what do i get out of the series? >> hopefully it strengthens some of the senses that have dulled down and you get to see a world that of course this could happen. stuart: he's a hollywood heartthrob. i know that.
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who would have thought? >> you have to stop sending me on these very difficult assignments. stuart: wait a minute. here we have apple holding a premiere, a red carpet premiere in hollywood for a tv show. that's really new, kurt. >> it's new and it's also a multi-million dollar effort for them to get the word out for their november 1st launch. "see" is one of their tv series coming out which has a lot to do with what it's like maybe 500 or 600 years into the future when apparently the world goes blind and people think that that's the effect of god and cleansing and there's wars and only about two million people left on the planet, and the story goes on from there. it's very very costly, you could tell they put about rumored $15 million an episode into this epic, epic kind of film, and will it make the ticker for apple go up, will it cause us to
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adopt apple tv plus as our new streaming service. you and i were talking about surveys that have been done and studies, and one said hey, people are willing to spend more money if it's a new thing. they are willing to do it. apple with their pricing at $4.99 may just have something. if you remember, if you bought an apple device, qualifying apple device like a phone, september 10th and onward, you are going to get this free for a year. so a good amount of time to see if it works. stuart: as a complete outsider, i'm looking at this as an outsider, i see the likes of apple and netflix just taking over hollywood. isn't that what's happening? >> there's no doubt about it, it is so weird to, you know, i have been at every major tech launch. normally it's north of here, up in the bay area, and to be here in hollywood and to see the giant tech figures walk the red
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carpet, and they are the ones now that hollywood is chasing because they're holding on to billions of dollars in content spend, so yeah, the battle is on. you know, you look at where does apple stand in this giant sea of competitors, netflix, amazon, disney plus. you just talked about amc streaming now. well, the one thing they've got that others don't have so easily are these. they've got millions of their own devices out there, and these essentially are screens. period. they are hoping to capitalize on their own devices and get into the existing ipads and macs, et cetera. stuart: before you leave us, let me tell you one other thing which apple has a lot of. it's called money. lots and lots and lots, billions and billions and billions of dollars worth of cash. all right, kurt. great job out there in hollywood. see you again soon. thank you, sir. now, the rolling blackouts in california may be more
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coming. what's this about? lauren: it could start tomorrow and last for two days. about half a million people living in 15 counties in northern california have been warned that pg & e can start these rolling blackouts to make sure with the high winds and the dry conditions that their equipment doesn't spark a wildfire. so it's a terrible situation out there. pg & e is warning about 500,000 people. stuart: 500,000. lauren: 200,000 customers. 500,000 people. not the entire state. stuart: again. lauren: there's another story on this, too. san jose, which is the largest city served by pg & e, the "wall street journal" is reporting that they want to turn this company which is bankrupt, billions and billions in liability because of lawsuits because of wildfires, they want to turn that reportedly into a customer-owned utility. so a non-profit cooperative. stuart: the stock is at $8 a share. got it. check the dow 30, please, because you will get a picture of the overall market. it's a dead even split, actually, winners and losers. the dow is down 15 points. facebook's chief zuckerberg,
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stuart: mark zuckerberg, facebook guy, will be on capitol hill tomorrow, grilled on the libra. that's his proposed cryptocurrency. one of those doing the grilling will be lance gooden, republican from texas, and he joins us now. you don't like the libra, do you? tell me why you don't like it. >> i wouldn't say i don't like it. i just have a lot of questions that have not been answered. facebook came before our committee a few months ago, and left us scratching our heads, saying why is this, if it's so great, if it's the future of the world economy, why are they going to switzerland for it? facebook is a great american success story. they have their issues, i have my issues, democrats have their issues with facebook but at the end of the day, most everyone i know uses facebook, no matter what side of the aisle you're on, and it is an example of a great american success story that's now pushing this idea of taking it overseas. why not keep it here?
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stuart: don't we have to -- well, you can't keep it here in a global company like facebook with two and a half billion people using it all round the world. you can't just restrict it to the united states. >> of course not. but headquartering in switzerland, i feel like they would have so many more stake holders on board in this nation if they hadn't been so gung-ho, hey, we are taking this to switser land, get on board or get out of the way about it. stuart: do you have any problems with cryptocurrency of any kind which can be used to launder money, used for ransom money? we have seen that in the united states. and out of the control of any government? >> human trafficking. stuart: human trafficking. i mean, surely that's a problem, isn't it? i guess you are going to ask zuckerberg hey, how do you stop this on your cryptocurrency service? >> yes. i suspect he will get that question asked long before i get to ask my questions. but these are questions that i don't believe facebook has so far delivered a good answer to. can i buy an assault weapon with
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facebook currency, with this cryptocurrency. these are questions that my colleagues across the aisle are going to very much be interested in tomorrow. and i want mr. zuckerberg to walk away from the hearing thinking the united states congress is someone that he perhaps should work with. i think that while there are detractors on the committee, i think everyone on that committee from maxine waters to every republican wants to be open-minded on this, and is willing to work with facebook, but the attitude of we're going to switzerland, this is our deal, and you can watch us be successful, it's just not seeming to work so far with this committee. stuart: lance gooden, thanks as always for joining us, sir. see you tomorrow. i'm going to stay on facebook briefly. it is issuing a warning on the 2020 election. is this all about russia again? kristina: they are meddling again and warning that they are going to be meddling in the 2020 elections. they found accounts, fake accounts that you can clearly
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tell were written by non-native english speakers because they had some [ inaudible ] what the future of their children will be. a lot revived about comments toward biden and focusing on younger votes. they had several groups they had to close down. some of them titled black.queen.chloe. you really have to pay attention because they are posing as americans, trying to push messages out there and it's not just about the russians. it's also iranian accounts, too, that have been closed down. so this is something we are going to face in 2020 for sure. stuart: you got it. for sure. guaranteed. thank you, kristina. next one. senator mitt romney has admitted to running a shadow twitter account which he uses to criticize the president. the account was set up under the name of pierre delecto. what would lou dobbs think about that? i think he's got a thing or two to say. we will find out because he's going to join me in the 11:00 hour today on this program. former manager for the pop
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superstar pitbull quit that gig and started his own, wait for it, mac and cheese business. and it's successful. he's making money at it. he will be here to share his american success story. by the way, we will cover the exxon show trial with an editorial after this. (thud) (crash) (grunting) (whistle) play it cool and escape heartburn fast with tums chewy bites cooling sensation. ♪ tum tu-tu-tum tums or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades.
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stuart: just turned 10:00 here in new york city. we have latest numbers on existing home sales. a very, very important number for realtors the big number how well realtors doing? are they selling a lot of homes? are we buying a lot of homes? what is the state of the housing market, okay? i think we got that number, what is it. lauren: 5.38 million homes sold in november. stuart: annualized rate? ainsley: annualized rate. the question for investors, you have mortgage rates historically low.
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3.69%. can homebuyers resist that because these sales are down 2.2% month over month. or are they still facing higher prices because of lack of inventory for affordable homes. stuart: eddie gabor is our market watcher. that is a little disappointing for those of us who wanted to see resurgence in the housing market i which would help the overall economy. what say you. >> absolutely. can't let one month discourage us. august was a very strong month. the real problem in real estate is inventory. if that is the reason why numbers are weak, that is a, not a bad thing. we'll see more growth in the building sector. that will be good for the health of the economy. i think the backdrop for real estate is it strong. we have a strong consumer, we have low rates. i think future will be just fine here. stuart: if you're pointing towards a resurgence in housing absent the september numbers,
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that is very good news for the overall economy as we head into the fourth quarter and into next year. are you giving us a rosy forecast for the economy here? >> i think this recession talk has been so overblown, okay? we are not heading into recession in my opinion in the next six to 12 months. right now fundamentals are strong. we need to get the trade deal with mexico, canada, taken care of. that relieves some certainty there for the future. we get china taken care of, i think we'll blow through all expectations and shatter records in the market and the economy if we get these things right. stuart: those are two big ifs. >> they are. stuart: big if on nafta going through congress, speaker pelosi has a vote and it goes through, that is a if. the china trade deal going forward beyond phase one that is another big if. there is caution here. >> it is. i'm cautious short term. i'm concerned about the fed going in the next week. last december they made a
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massive mistake in my opinion. they did a lot of damage to the fundamentals of the market. and i'm curious to see what they're going to do and what they're going to say the explanation for the repo market. that something has me concerned in the short term. why are they injecting liquidity in the over all market and overnight market. they said they will extend that into january. that is a red flag short term for me. right now from a market as bullish as i have been. i'm a little cautious short term heading into next week. the fed needs to explain to everyone why they have to inject so much liquidity right now in the overnight lending rate. stuart: a cautious eddie gabhour, cautious, disappointing read on existing home sales. 5.38 million per year. that is an annualized number. the market showing no real reaction to the numbers. we're still up 18 points on the dow. 26,844. now this, today begins the legal
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assault on fossil fuels. the climate warriors are not doing that well with voters, so they have gone to court. new york's attorney general is suing exxonmobil. the trial begins today. in fact it is a seven yet-style show trial, purely political. this is how progressives foist their views on the rest of us when they can't win votes. "wall street journal" says that the trial centers, on wait for it, exxon's public estimate of the future cost of a carbon tax versus its internal estimate of the greenhouse gas cost. you got that? of course you don't. you're not meant to understand the minutia of legalisms. oh, no, you're supposed to believe that big oil is bad that will be take cay way from this charade. big oil lies, take them to the cleaners. ruin them. lawyers will walk away with the real money. oh, we saved the planet for you. this is what happens when
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progressives use the courts for their own political purposes. injustice and lousy economics. that is what you get. where is the progress in ruining the energy companies which fuel america's prosperity? what do you think 10-dollar gas would do to working families? because that's what you're going to get if the progressive get their way. we should tell you in massachusetts the attorney general is thinking about suing exxon because there is no climate change warning on gas pumps. here is the bottom line. the left has latched on to climate change. the issue is a trojan horse. they scream about the end of the world and use the scare for the socialists to take over the economy. the exxon show trial is just a part of the whole sorry mess. you think i'm extreme? listen to this guy. judge andrew napolitano, host of "fox nation"'s "the liberty file." i'm not too extreme. i'm serious about this. this is an outrage!
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>> this is worse than you painted it to be. this is not a bunch of liberal plaintiffs lawyers trying to make money. this is the government itself. this continues a very dangerous trend. stuart: government of the new york state. >> of state attorneys general looking for wealth transfers, from the corporation to the treasury of a bankrupt state. so they are not only looking to reform the internal accounting methods of exxon, they're looking for 25 billion in the bargain. there is no jury involved. it is just a single, popularly elected new york state supreme court justice who will review on this. not a life tenured judge in the federal system but someone who has to appeal to the voters, being critical of the system now, for his re-election from and after however he rules on this case. so you are quite correct. because you're my friend, we are
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of the same view that the long-term effect of state attorneys general looking for wealth transfers, whether it is from the pharmaceutical industry orthe tobacco industry, or the oil industry, will have a catastrophic effect on the prices that everybody pays for everyday products. stuart: reminds me of the roundup case. >> yes. stuart: they never ever proved a correlation between the use of roundup, a weed killer and cancer. they never prove ad causal relationship. >> correct. stuart: all they said was, you didn't warn us about the possible impact of -- >> yesterday we talked about two counties in ohio getting $130 million each from big pharma. their damages weren't anywhere near the 130 million. the big pharma was terrified what a jury might do to them. the terrors of justice, lower case j in justice are being
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visited upon us. we'll all pay the price. we'll pay higher prices for over-the-counter drugs and for prescription drugs because of these opioid settlements. and $10 a gallon gas? i don't know if it will ever get to that. that would devastate the middle class. stuart: they will if they get their way. i'm glad we're on the same page for outrage. >> on that i read a 85-page complaint for you at 7:00 this morning. stuart: it was worth it. thank you very much indeed. >> all the best. stuart: the rant had no impact on the market. we didn't expect it to have impact on the market. we're up 17 points on the dow, 26,800. you have to look at chipotle. $851 a share now. earlier this morning on this program, we spoke to an analyst who is confident that chipotle goes to $1000 a share and quickly. 851 as of now. look at mcdonald's. it is the stock of the day. it reported stronger domestic
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sales, much stronger international sales, but because it is slightly missed expectations, the analysts have taken it down 2%. hasbro, its profit and revenue were subject to some problems from the tariffs imposed on toys in the china trade. the stock is down 14%. how about that? got to look at boeing. the stock is up 2%. they complete ad dry run of certificate fit -- certification flight for the boeing 737. it has been way, way down recently though. this, rnc, republican national committee, out with a new campaign on the perils of socialism. rachel bovahd conservative institute for senior policy is with us. what is in the campaign? >> pointing out the distinction of socialism, the leading man
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made cause of death in the world and capitalisms that lifted millions out of poverty. that is on the right track. that is a pretty clear distinction to make. stuart: can you explain to me, i asked the question countless times, why all of sudden socialism is back in the headlines? two socialists are the front-runner for the democrat nomination? why now? with experience socialism doesn't work, why now? why had it made a comeback? >> people love free stuff. this goes to the root of the democrat ideology, if it is not working burn it down. they don't learn from history. conservatives do. we have seen what socialism does. it is death and misery. we don't want it here. as a millenial i will also say this is gaining popularity among the millenials because a lot of them don't understand what it is. when you look at these polls, less than 3/4 of them can identify properly socialism and capitalism.
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but what they have seen from republicans isn't great either. they have seen a lot of crony capitalism. they have seen republicans who were eager to bail out wall street. didn't give a hoot about individual 401(k)s. still allowed the federal government to manipulate the student loan market. they haven't reformed the gses that took down the economy in the first place. republicans have to do well. stuart: election of 2020, president trump versus a socialist, who wins? >> trump. give me a socialist every day of the week and donald trump will be president in 2020. stuart: gotcha. thank you for joining us. we appreciate it. >> thank you. stuart: thank you. wait for it. i've got a brexit update. aye yi yi. eu, the european union, has a team ready to start work on the post-brexit ties with the uk. they will begin their work on november the 16th. this would indicate they they ae
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expecting boris johnson plan to pass eventually. key votes on all of that? my producers are laughing at me. i don't understand it. i think the brits will be out of the your green union in vote tomorrow. producers say, don't go to the judge. he agrees with me again. >> halloween is the deadline. stuart: it is actually. guest out. new study confirms wealthy residents are moving out of california. yes, it is because of taxes. does that mean economic power drifting away from coastal elites? you can't but hope, ladies and gentlemen. i will ask the question. hillary bailed on an event with tulsi gabbard. they should have been attending it today. she is not going. this comes after hit back at hillary suggesting she is russian asset. we'll seehat on the show later this hour.
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i can't believe it. half billion dollars was placed on sports bet, one month, september, in just new jersey. half billion dollars worth of bets in one month. a lot of those bet were wagered by, new yorkers who jumped on the path train to go to new jersey, place their bet, come back to new york. i have the cofounder of draftkings on the show next. what a show we've got for you. ♪.
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whoa, 445 million. largest monthly total in the state since sports betting was legalized. we have the draftkings cofounder and chief revenue officer. matt, i'm astonished, i wonder if you are too, one month $445 million was placed on sports betting in new jersey alone. that astonishes me. are you surprised? >> we're not surprised. it's a huge market. draftkings is well-positioned to be a big part of the new emerging sports betting market in the u.s. new jersey was the first mover in the states. draftkings, we're really proud to be one of the top operators of new jersey. we are right where we those we would be to be honest. more and more states open up sports betting. stuart: is it true you can't do sports betting in new york? so i can't use your app in
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new york? but some people jump on the path train, go over to new jersey, use the app, place the bet, come straight back to new york city? i'm told that is happening a lot. is it true? >> it is true. it shows the tremendous demand for sports betting in the u.s. consumers if there is not a legal regulated option. they're traveling or going on the black market. what our hope is, more and more states open up sports betting over the next several years including new york. that will really make it a lot easier and more cop haven't for customers looking to play. take the money off the black market, put it in regulated safe to play market with consumer protections. stuart: how much of the 445 was in your camp, your column? >> we have a nice market position. we don't disclose exactly what the numbers are month to month
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as a private company but i think it has grown our company tremendously. that allowed us to not only ramp up avenues but do much more on the philanthropic side. for example, in october for breast cancer awareness month we're running a promotion for larry fitzgerald. his charity, targeted raising $100,000 throughout the month of october. through our players we've been able to do that we're up to 70,000 already, with a little more time to go. that opened a lot of doors for us. stuart: matt, i'm sure you open new york opens up the sports betting book. you will make a fortune. matt kalish. draftkings sports betting guy. >> appreciate the time. stuart: sure thing. we have a chef coming on the show. he calls himself the mac and cheese mogul. he started out with a food truck. he has a pretty successful restaurant. i thought the food trend was healthy eating? how come mac and cheese is so
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big? how does that fit in? we'll ask him. ups teaming with for drone delivery. this is how the thing will work. we'll be back. ♪. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade
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reporter: some day your drugs could come to your house by drone. that is from ups. 112-year-old company, reinventing delivery business. listen to scott price, chief strategy officer for ups. >> we'll now begin to work together on when we will pilot the trial in terms of building that out. it will depend upon the faa rules. the question longer term, what does it mean? quite importantly we have at this point a intigrated network. this is same day on demand network. a brand new revenue stream. a brand new operating model for ups. for cvs, more and more to compete in the digital world you need to have a convenient model to be able to deliver. reporter: all right. so price says that they are, the first fully certified drone airline by the faa nobody else has that certification. he says that gives them a big lead in the business. they're focusing on health care. they announced relationships
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with the distributor amerisource bergin. ultimately they could hire tens of thousands of folks to pilot the drones. just to be clear here, we were told off-camara, they're not going to have the drone land in your yard. it will not happen that way. they would send a tether, line down to the yard, drop the drugs, move on. so nobody could steal the drone. same day on demand this is brand new revenue stream for the company. very big deal for ups. stuart: i find that absolutely fascinating, the first fully certified airline. they drop it on a little strong coming down at you, so you can't that is fascinating. that is fascinating. thank you very much indeed. reporter: sure thing. stuart: this study, this one i kind of like. shows california's high taxes are indeed driving the wealthy out of the state. question, does that mean the
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economic power of the coastal elites just drifting away? one can but hope. we'll certainly ask the question. i want the right answer after this. ♪ does your broker offer more than just free trades? fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity.
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kristina: makes you feel good. stuart: it has a good rhythm. dr. robert. check the big board. no impact from the beatles song. we're down two points. maybe if you still around long enough. we're still positive. down three. got it. check out disney, they released the trailer for latest installment for "star wars." great excitement and enthusiasm for this. maybe this helps disney go up two bucks. apple has the red carpet opening for the new series, "see." that stock is 241. that i think is an all-time high for apple. netflix released the latest season of the "the crown." they have a whole new cast because the queen has gotten older. the stock is down 7 bucks.
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verizon starting november the 12th, they offer 12 months of disney plus streaming service for free, to all new customers as well as existing 4g and 5g and wireless home, internet customers. verizon is giving disney for free to most of you. quentin tarantino will not censors "once upon a time in hollywood "movie. lauren: we have seen in the movie in u.s. they blocked it in china. reports, that bruce lee, the famous late marshal artist, his daughter said i don't like the way you portrayed my father, pompous, cocky, a punch line in the movie. change the scene, cut it. quentin tarantino says no, you can't see the movie in china. stuart: chinese objected this?
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lauren: the way they portrayed bruce lee. according to reports. stuart: bruce lee is famous in hong kong. i believe he died there actually. i'm not sure about that. he is famous in hong kong. i didn't know he was kind of a hero in china. lauren: isn't that interesting? yeah, he was famous hong kong american actor who died in 1973. kristina: died in hong kong. 1973. kowloon, hong kong. stuart: i was living there a year later. how about that? i didn't know that now we do know. we have new op-ed in the "wall street journal." here is how it reads. california's tax the rich boomerang. there is a study. it shows the 2012 tax hike in california drove high earners out of the state. kristin tate is back with us. she is the hill columnist, joins us again. kristin, study shows clearly, rich high earners, they're
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leaving california. does that mean that economic power is drifting away from, what i call the coastal elites? >> that is absolutely right, stuart. that is not just california, they're leaving new york. conventional wisdom tells us coastal cities like san francisco and new york city, represent the economic future of the united states. in reality these high-taxed states are facing departures in epic proportions. people are fleeing because of high taxes but also because their dollar goes less far in blue states than in red states. as i wrote about in the hill this week, $100 purchases you only about $90 worth of goods and services in california and new york but that same one one $100 gets more value in texas, florida, places across the midwest. since 2014 net migration to california increased every year. last year was the second year in a row they saw negative
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migration. new york city is losing 270 residents per day. this exodus will speed up. oppressive sales and income taxes, local taxes make it worse. stuart: we have a long way to go before the real power, the economic power of silicon valley, wall street, the hollywood entertainment industry, we have a long way to go before that power really shrinks. it is so powerful now. it will take years to undermine that level of power, surely? >> i don't know about that, stuart. these trends are only accelerating. especially as technology and the internet makes it you don't have to be in new york and california to participate in these industries. so as these trends continue, we will see prosperity decline on the coasts. unfortunately these progressive politicians often double down on the policies that created these problems in the first place. new york increased its state tax
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on real estate for houses over one million dollars, for example. which resulted in a decrease in real estate sales in new york city. these places on the coasts want to retain their people, retain their power, they have got to make life more enjoyable and more affordable of people of all incomes which includes lowering state and local taxes. if residents don't want to be double taxed because of salt deductions, remove the taxes all together. we hear all the time residents are leaving going to places like florida. they have a higher tax bill due to the removal of salt. stuart: kristen, hell will freeze over before new york or california lower taxes. but that is just me. >> i agree with that. stuart: i know you do. kristen, thanks for joining us. we always appreciate you being here. >> thank you, stuart. stuart: we have seattle. socialist seattle. guess what? they have got a new home heating oil tax. kristina partsinevelos.
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who takes the hit? kristina: 18,000 homes that oil heating systems t could focus more on lower incomes an elderly. there is a caveat. if you make a low income, they will cover it. it is 24-cent tax. why does seattle do this, they want to combat climate change. they want to reduce greenhouse gas emissions. critics calling it a sin tax. they have 10 months, starting in december -- stuart: heating your home is a sin. kristina: want to be more energy efficient. stuart: warming a home is a sin? we've come to that. kristina: seattle, sticking to the theme, taxes. stuart: i will move on. softbank putting more money into wework. they will take full control of it. they are putting $1.7 billion. that is a bailout. in return for it, adam newman steps down from the board. can you tell me, kristina, how
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much adam newman himself gets? he is the guy who wrecked the ipo? kristina: this is five weeks ago. we know the company is running out of money. there were reports they would cut thousands of people because they couldn't lay them off because they don't have enough money for severance? that is how bad the company is right now. softbank which owned 1/3 of the company is taking over, giving him $185 million, him, adam newman as consulting fee. they're buying one billion dollars worth of his own stock. there are loans in there. so he is getting a hefty payout. according to fox business's charlie gasparino, our charlie gasparino, saying jpmorgan wouldn't pay adam newman. why they're out of the mix came to buying wework. stuart: that is interesting detail. kristina, charlie. a man who gave up working for pitbull, superstar in the music industry, gave it up to make mac and cheese out of a food struck?
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did he make the right move? we'll find out. we haven't seen or heard much from joe biden recently, he is in the red with campaign cash. president trump raised a lot more serious money but he is saving a lot of it up. where is he going to spend that money? we will ask the question. we will get an answer too. ♪. as a struggling actor, i need all the breaks that i can get. at liberty butchemel... cut. liberty mu... line? cut. liberty mutual customizes your car insurance so you only pay for what you need. cut. liberty m... am i allowed to riff? what if i come out of the water? liberty biberty... cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need.
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manager for the artist pitbull. did it for 15 years. he went to culinary school. managed pitbull for 15 years. his friends said get back to cooking because they tried his mac and cheese. derek is the mac and cheese mogul. he is known as chef teach. >> thank you so much for having me. stuart: take me through, what are you doing? you're successful managing this guy, then you give the all up and go into a food truck? >> i worked with pit for 14 years. had a great, you know, he is a great guy. he has a really great business mind. i learned a lot of stuff. my father passed away in 2013. this is light switch went off for me. finality of death, i saw him laying in bed, asking myself tough questions, legacy, what am i leaving to my kids. i was a part of a lot of successful things i didn't own it, right?
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i wanted to focus on something i could own and generate wealth and thinks like that. my only other passion was culinary. stuart: first thing you did was a food truck. >> because a food truck, so my parallel is music, right? music is what i know. what i did for artists. i wanted to approach the market from a grass roots standpoint. i do that in my sleep. i bought a food truck. that is more cost effective. it allowed me to move around the market, instead of planting roots, locking in a 10-year lease. okay, it is working over here. not working over here. by the time i got my first brick-and-mortar, i knew this is the location that worked for me. stuart: you have three? >> we opened our third location in north miami beach. stuart: is mac and cheese the mainstay of the menu. >> mac and cheese is the mainstay of menu. stuart: how do you explain that? all the millenials running around new york. you have to eat healthy, you're making a fortune out of mac and cheese? >> listen. you got to do cheap date, even
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doing healthy thing. got muscle fitness competition. and as soon as he finished leaning out, he won the competition, that was first place he came. there is nothing worse than eating like a a bad slice of pizza. if you do the cheap date you have to do it right. stuart: i can tell you have a business brain. i believe the margins, the profit margins of mac and cheese are terrific. >> it is great. stuart: i knew it. >> it is great. stuart: what are you doing now? are you going to expand further? >> so we have three locations. one in overton. which is miami, florida. we have one in virgin miami train station. we also have one in we're opening in north miami beach. waiting for our inspection. stuart: i come to your restaurant, i want mac and cheese. i order a plate of mac and cheese. how much do i pay for it? >> i have mac and cheese, up to five cheese, mac and cheese.
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ranges from $10. i have a seafood mac and cheese for $39. stuart: not for me. what is the cheapest plate of mac and cheese? >> $10. stuart: $10? >> yes. stuart: that is interesting. because we had someone on the show yesterday who was selling cookie dough. >> i saw it. stuart: you saw it? >> uh-huh. stuart: explain to me how somebody is prepared to pay $9 for a cup of cookie dough? you wouldn't seen dead buying $9 for cookie dough? >> i may not. i can explain to you why somebody would pay $10 for mack mack -- and choose. stuart: tell me. >> i think $10 is so, traditionally people eat mac and cheese as a side dish. stuart: yes. >> we're almost like changing, we sell it as entree. so it is a lot of food. stuart: salad come with it. >> if you like. stuart: i do. i pay extra for it.
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>> you won't pay extra. i got you. stuart: sir that was a real pleasure. derek turkin. >> i appreciate you, thank you. stuart: bring some mac and cheese. >> thank you. stuart: good luck, man. tulsi gabbard would be happy to have a face-to-face with hillary clinton at an event in d.c. tomorrow. hillary suggested that gabbard was a russian asset. hillary pulled out of the event. we'll see what brian kilmeade makes of that. ♪. wrong home insurance coverage,
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stuart: despite what i call a series of pretty strong earnings reports modest gain for dow industrials. we are up 30 points for the dow. 26,859. nice gain for the nasdaq and s&p. under armour announced this morning chief operating officer patrick frisk will replace kevin plank as ceo. one of these cases a change at the top will help the stock. that is not much of a change. mr. plank will stay as executive chair. brand manager. there you have it.
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proctor & gamble raised guidance for the year. reported strong growth in beauty and health businesses, big stock, big company. up 3.3%. joining us live on the radio, brian kilmeade. host of the "brian kilmeade show." brian, first of all, listen to what tulsi gabbard said about hillary clinton. roll tape and listen. >> she has something to say about me and i would have been very happy to have that conversation directly face-to-face with her. stuart: so they're not going to have this face-to-face. it is not going to happen at the event tomorrow. what on earth is hillary clinton up to? you got any idea, brian? >> i think, i think, mitt romney and hillary clinton in the news for bizarre situations. both have a problem dealing with trump's success. both have a problem with the fact that donald trump is donald trump. hillary clinton said something a week ago i thought was even crazier when she said i would run, if i run i would beat him again. she cannot handle losing. it's a country where wrestling with losing.
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she is wrestling with this. she has nothing but yes people around her. she didn't really lose. she had the popular vote. the russians and facebook and michael moore, all this stuff. this is just a symptom of it. this is the first time that democrats can't say, this is donald trump's fault. stuart: i get the impression, that the democrats are running away from hillary clinton, rapidly. i mean they don't want this chucked into the campaign all of sudden? they're running away from her. >> they are and they should but not the way they, not in the numbers that i would have imagined, why not use this as opportunity. why? because you could still raise money for you. she is still understands power bases. she is still the clinton family connection. you don't want to necessarily alienate. bernie sanders did right away. went for tulsi gabbard. jill stein was implicateed as a russian agent. i forgot how to pronounce her
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name. she popped up on tucker's show. i'm i don't know vladmir putin but i'm a really bad candidate with no platform. stuart: are the republicans running away from mitt romney? what is the character, something desperado. pierre dilecto. >> most bizarre thing you ever heard about a guy that is not bizarre. blows out birthday candles one at a time. as a country we should embrace this. blowing on to a cake, eating it, not the smartest thing that was bizarre. but i don't understand it. mitt romney, going against president trump as a representative of utah, is not really what the people of utah want, i don't think. he is already critizing him in public. writing about it in public. why do you need a pseudonym to criticize and retweet things anonymously? it makes no sense. but it is part of the thing, the
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anti-trump movement is losing itself. stuart: got to ask you this question. i'm not sure i know the background here. the head football coach at clemson, made a player ride the bus home 438 miles after he was elected from the game punching a another player. his teammates got to fly home. what is the significance of this. >> andrew booth is cornerback, instead of going for the ball, went for the player. started pounding on him in a, when you punch a football helmet, i don't know, i can't tell you how stupid that is. he lost his mind. had to be dragged out. was ejected. his coach, this legend of clemson, two-time national champ, he went out and said, listen you don't ride with the team. you got ejected. you put yourself and temper above the team, take the bus. the kid, andrew booth, instead of defiant, said i deserved it. it is very remorseful.
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that is coach with tremendous standard. his arc of victory is so overwhelming, and the way he is so popular with his players and fans. he could pull this off. he did. stuart: excellent, you dealt with hillary, mitt romney and clemson in the spate of three minutes. that is pretty good, kilmeade. >> take that neil cavuto. your serve. you heard me. stuart: 15-love. see you later, brian. >> thanks for having me. stuart: -- has been appointed a chair after chinese business school. is this significant, lauren? lauren: he knows where his bread is buttered. third largest market. where his products are assembled. tim cook, ceo of apple, becoming a chairman of a school of economics and management for a third term. look what is going on in china,
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pro-demcracy protests in hong kong, should tim cook be on that board. stuart: his tock is all-time high. lauren: it is. stuart: liz warren has a new education plan will pile $800 billion on top of all her other spending proposals, free college, "medicare for all." we're still asking, who is going to pay for it all? that will be the focus of my take coming up in a moment. much more on mitt romney. i wonder what lou dobbs has to say about pierre dilecto. he joins us in a few minutes. lou dobbs joins us. not pierre. ticket sales for new "star wars" movie, presales doubling what "avengers: endgame" brought in. how much money will the rice of skywalker raise? -- "the rise of skywalker". i knew about the tremors.
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stuart: senator elizabeth warren gives new meaning to that old slogan, tax and spend. her numerous plans are really tax and spend on steroids and then some. here's the education plan revealed monday. $450 billion extra for low income students, $200 billion extra for students with disabilities, $50 billion for school buildings, grand total an extra $800 billion worth of spending in ten years. that is a lot of money. but there's no new federal spending for charter schools. oh, no, gee, i thought they had been successful. but the teachers union doesn't like them so charter schools, out. $800 billion extra for everything else but charter schools, oh, not a penny. while we're on the spending side, please remember senator warren's plan to spend a trillion on universal child care, $600 billion for free
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college and $640 billion on student debt forgiveness. and please don't let the $32 trillion medicare for all plan slip your mind. senator warren gives new meaning to the expression vote buying because that's what it is. vote for me and look what i will give you. so how does this all get paid for? answer, it can't all be paid for. senator warren wants a wealth tax, higher income tax rates, higher corporate taxes, higher death taxes and she still hasn't told us which tax will pay the trillions for medicare for all. in short, her ideas are economic nonsense. and nobody, least of all the socialists, will say what all these taxes would do to the economy. oh, it's a dangerous game. promise a world you cannot pay for just to buy votes. you get my drift? the third hour of "varney & company" starts now.
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stuart: my favorite guest to respond to a rant is pete hegseth, "fox & friends" weekend cohost. he's back. how you doing? >> great. good to be here. stuart: how do you respond to $800 billion extra for education from elizabeth warren? >> how can you add all that up? i don't even know what that adds up to, all the numbers. this is the frontrunner of the modern democrat party who says she's a capitalist but all of her policies point to her being a socialist, and ultimately, to your point, still, she wants to be a reformer. no, she's invested in the same old system every leftist has been. teachers unions own the way she views education so she doesn't give a dime to school choice or charter schools or vouchers, the types of things that actually lift people who need the opportunity out of poverty to a new opportunity that their economic situation would never otherwise afford them. so this is -- you want to look
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at what this all adds up to, elizabeth warren wants the united states to be europe. in order to pay for all of this, what you have to do is gut your military. you are not going to have a military budget like we do today which means you can't project power which means you can't protect shipping lanes, you can't do all the modern things that the military does to keep us free and prosperous. it is nonsense but it is a preview of what europe already looks like. stuart: i think she's a socialist. i think bernie sanders is a socialist. i think joe biden is fading. i think america's going to be faced with a socialist candidate for the democrat party. frankly, i can't believe it. at this moment in time, this is what we have come to, after socialism has been derided for the best part of a generation or two generations, suddenly it's back. i don't believe it. >> i want to not believe it but i also did homework with my 8-year-old last night. i look at the common core nonsense math that he's attempting to do and then i look
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at the history that's being taught in our schools, the economics that's not being taught, and you now have a generation going on a second that won't understand the basics of american capitalism, don't understand supply and demand, think that a lunch can be free and as a result, when "fox & friends" went to the bernie sanders rally in the bronx a couple days ago, to a man they were saying i want my college debt relieved, i want free college for my kids. they are buying the idea -- stuart: buying votes. >> and it's working because kids aren't being taught the basics about america and capitalism. that's our failure which is why, back to your point about education, that's the single most important thing we can invest in right now. fighting back against the types of poison being put in the minds of our kids. stuart: you're good. now tell me about hillary. what do you think she's up to? >> what is she up to. stuart: is she running? >> i don't think she is. everyone wants to think this tit for tat with tulsi gabbard is some sort of master plan to -- i actually think she still has an
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axe to grind for 2020. she just can't get over the fact that it was the russians and not donald trump that's the reason she's not sitting at 1600 pennsylvania avenue right now and she can't give it up. so she goes on a podcast with david plough and speaks freely. jill stein is a russian asset, tulsi gabbard, a woman who served our nation in uniform, combat veteran. i met with her, i don't know her well but i met with her enough. she's an outside the box type thinker. she's more friendly to assad than i would like but it's legit to have a different view on foreign policy but it doesn't make her a russian agent. they accused the president of the same thing. it's not going to work. if you're a democrat, is that the alternative voice you want? she is also going to potentially throw stones at elizabeth warren or bernie sanders who is too socialist even for hillary clinton. stuart: i'm going to change subjects dramatically and -- >> you do that well. stuart: and go back to your financial history. you own some bitcoin. >> i still do. stuart: what do you make of mr.
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zuckerberg who will be appearing in front of congress tomorrow defending his cryptocurrency, the libra? >> it's taken a lot of hits. libra has had a lot of folks unwilling to invest in it, people saying they won't support it as a platform. cryptocurrency is a future. you got to figure out how to do is viably and facebook so far has bungled the rollout. stuart: it's good cover for all the drug dealers and terrorists around the world but i will deal with that separately. let's get to deirdre, who will tell us about zuckerberg, facebook and the russians at it again in 2020. tell me more. deirdre: he has already taken down one network that he says is russian-led, three from iran. so he essentially says 2020 interference is very real and he says particularly the russians and iranians are involved, their tactics are evolving, so are facebook's so he says he feels confident facebook is going to be able to alert, catch, take down foreign interference or
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potential foreign interference. stuart: i'm looking at you, hegseth, to see what your response is. >> the soviet union, then the russians have been attempting to meddle in our elections for decades. there's nothing new here, just new tools. the reality of 2016, not a single vote was changed because of the russians. people went to the ballot and voted for who they wanted to. the media will amplify this because they want to muddy the waters for 2020 and if someone wins they don't like, they can delegitimize it. stuart: earlier we reported that in one month, the month of september, $445 million was placed on sports bets, in one state, new jersey. that absolutely blows me away. nearly a half billion dollars in one month, in one state. >> i can't imagine. listen, i have enough vices in my life. i can't add gambling. so none of those dollars are mine even though i'm a resident of new jersey. but i get it. it's so easy now. you can bet for just one week, you can build a team for just one week. it's all on your phone with a click of a button. this industry is only getting
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bigger. stuart: just extraordinary. $445 million in one state. i can hardly believe it. hegseth, i really admire your passion and your drive. >> we live in the greatest country on earth. we get a chance to talk about it every day. why not. stuart: absolutely. it's an honor and privilege to sit here and be a commentator on the trump presidency. >> amazing moment. stuart: we have the best jobs in the world. >> let's pat each other on the back some more. stuart: why not. the ratings are good when you're on. thank you very much indeed. check that big board because we have moved up a little bit. that's good news. we are up 57 points now. that's a rally. not bad. pretty solid earnings reports. that's helping. where is joe biden? well, we checked his schedule. he has two events in pennsylvania later this week. that's later this week. he hasn't made any headlines recently. we will ask lou dobbs, is this the beginning of the end for joe. dobbs is on the show. we are also looking at fund-raising numbers. the president blowing everybody out of the water.
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does money matter, snthough? the trump 2020 campaign coming on the show, next. this is the third hour of "varney & company." ♪ driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. i am royalty of racing, i am alfa romeo.
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stuart: i hate to inflict this on our viewers but we will talk about brexit. do not change your dial. a team from europe will start working on post-brexit relations with the uk on november 16th. come in, ashley webster in london, because that date shows some confidence that there will be a deal soon. you're nodding. say yes, there's going to be a deal soon, right? ashley: yes. based on what, yes, stu, absolutely, we can all pretend it didn't happen but the lead-in to say i hate to inflict this on you, not the best intro i have had in my entire career.
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there is yet another critical vote tonight. how many have we had? 3,000, probably. but tonight, most importantly, the mps will probably vote on the timetable that's been given by the government to get this thing through. they said three days, the government said you can do it in three days. if they vote no, and it's going to be really close, and the eu says great, we will give you an extension, boris johnson says forget it, i'm just going to pull the bill and call the general election and finally break, hopefully break the deadlock in parliament behind me. there you go. in a nutshell, another critical vote coming up in probably about, what, two and a half hours from now. i hate to inflict that on you but there you go. stuart: we just saw an impassioned lady evidently debating brexit over your shoulder there. that was really quite some serious stuff. ashley, we will let you get away and cover the vote. see you soon. next worngsone, i will put numbers on the screen about third quarter fund-raising from
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joe biden and president trump. joe biden raised $15 million but spent $17 million. so he's $2 million in the red. president trump, he pulled in almost $50 million, he spent only $14 million. so he banked $26 million. kayleigh mcenany with us now, trump 2020 national press secretary. now, what's -- i'm getting the m impression he's banked a ton of cash and will spend a lot of that cash on social net works. that's where he's spending the money. am i right? >> that's certainly where the trump campaign is putting a lot of our money, our digital resources, getting small doanors. we have 313,000 small donors in three months alone. to make joe biden's numbers worse, he had just over $15 million in the third quarter. we did that in two days, the two days following nancy pelosi's impeachment announcement, in two days we did $15 million. stuart: tell me again how many small -- did you say 300,000? >> 313,000 in three months, on the third quarter.
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stuart: how did you find a small donor? under 50 bucks? >> under 200. those are new small donors. brand new, never donated before, opening their pocketbooks saying here, trump campaign, here, rnc, we support the president. impeachment is fueling that. stuart: that really is extraordinary, you got 313,000 new small donors who are prepared to give their money to a billionaire. i find that fascinating. >> amazing. i just heard from one who said i never donated one penny my entire life, have been republican, never one penny. she saved up until she got $200, gave it to us. i love hearing things like that. stuart: i have to bring the one negative to you. manufacturing jobs, down in four states that mr. trump needs to win in 2020. that's not good news. >> well, overall, though, stuart, i think most people recognize this, this president has created more than half a million manufacturing jobs. so of course we want to keep every single job. president trump personally
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called companies to lobby for keeping jobs here in the u.s. but i think with this phase one china deal, usmca on the horizon, there's a lot of good news and a lot of fuel under the manufacturing sector. stuart: would you like to weigh in on hillary clinton? >> i would love to. any time. stuart: let me set this up. it was supposed to be an event tomorrow in d.c. which hillary and tulsi gabbard were supposed to go to. hillary has dropped out. tulsi gabbard will be there as the lone representative. it's the most powerful women conference in d.c. what is hillary up to, in your opinion? is she running? >> maybe. but it appears that she's very, very, very obsessed with russians at this point, accusing tulsi gabbard of being run by the russians, jill stein, who called her a conspiracy theorist for saying that she was run by the russians. she used to say that about trump. this woman has completely lost it. stuart: you've got to love this. you've just got to love this. >> as president trump said, i wish he would have said this about jill stein and tulsi gabbard a few years ago so the
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world would have known she was making it up about me. stuart: will i see these sound bites appear in republican ads as we head to 2020? >> kate veit could very well ha. we will see. stuart: you are having too much fun. that's a fact. >> having a blast. stuart: thanks for joining us. thank you very much. quick check of facebook. why not. the new york attorney general says facebook antitrust probe now expanding to 47 attorneys general from states and territories. the stock is down nearly three bucks. back to $186 on facebook. roku, streaming guys, looks like they are going to purchase a company called data zoo, helps with advertising analytics. they will give them $150 million in cash and some shares of stock. roku continues its advance. $133 today. look at verizon. they are rolling out a new deal that will give cell phone customers with an unlimited data plan a free year of disney plus.
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that happens as soon as disney plus launches. that will be november 12th. now, when you give out news like that on verizon, you have to take a look at netflix because they are the other big streaming company. they are down today because of that competition that's coming at them. they are down nine bucks, all the way back to 268. that is netflix, down 3.5%. and more on streaming. hold on. "the crown's" season three trailer has been released. looks like another big hit on netflix. i am hooked on this. i want to see this. i will pay money to see this. whole new staff, by the way, because the queen is getting older. the new "star wars" trailer released last night. this is a big deal. this will go on the disney streaming service at some point. tickets to opening night at the movie which is still two months away, already sold out. that is again, another winner for disney. ♪ i'm happy to give you the tour, i love doing it.
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we're not alone. good feebpeople will fight if w lead them. stuart: that's a clip from "the rise of skywalker" which premiered during monday night football. ticket presales went on sale last night. deirdre, i believe it's already completely outpacing, what, "avengers"? deirdre: which was the fastest movie to gross a billion dollars. this looks like yet another win for disney. you know, back in what was it, 2012, when disney bought lucas films and paid something like $4 billion, we were like oh, bob iger is crazy. as it turns out, disney is the first company i think to release five films with box office grosses north of a billion dollars. this looks like it's going to be another one. it sort of wraps up this 40-year saga for big "star wars" fans out there. george lucas obviously started it 1977 with the original "star
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wars" so this is coming full circle and of course, this "star wars" brand will be kept very much alive on the disney plus network which will be running as of november 12th and they have a lot of offshoot and story lines. stuart: look, they are building up the streaming service. deirdre: i was going to say, it seems bob iger understood content is king awhile ago. stuart: by the way, netflix, they have come out with a trailer for their -- for the third season of "the crown." let's see a little of that. >> we're ready for you, your majesty. three, two, one. this is jubilee day. this is dathe queen's coronatio 25 years ago. ♪ >> on days like today, ask yourself in the time i've been on the throne what have i actually achieved.
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stuart: the male voice sounded like nigel farage, didn't it? i don't know whether it is or it isn't. sure sounded like him. this is another entrant into the streaming wars from netflix. deirdre: this is season three of "the crown" coming november 17th. new cast, new political climate in great britain. this will attract viewers. netflix were losing a lot of their big shows, "the office" for instance so they are doubling down on what's working for them. "the crown" iscamino" and the l. stuart: i have a third. here we go. apple, they had a premiere of their own last night for the show "see" that stars jason momoa. apple says it's going to be as good as "game of thrones." this is going on their streaming service. deirdre: takes place in the distant future. everybody in the world is blind, you have twins born with the gift of sight, then they must sort of carry the human race forward. so apple, though, obviously competing as well.
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$4.99, you were talking about netflix. netflix has the first mover advantage, has some competition. two huge companies coming online, disney plus and apple tv plus coming online in november. stuart: all a big deal. now, i have a question for our viewers. am i the only person who reads these any longer, newspapers. i sometimes feel like i'm the last guy standing here. with more and more newspapers going out of business, could i say if you don't go digital, you're dead? a pioneer in media joins us next. ♪ managing lipids like very high triglycerides, can be tough. you diet. exercise. but if you're also taking fish oil supplements, you should know, they are not fda-approved,
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stuart: big day for your money, but there's not that much movement for the dow at this moment. we are up 34 points. take a look at some of the big dow movers. first of all, travelers, that's a drag on the dow. it's down nearly 7%. then we have mcdonald's. i'm going to call that the stock of the day. that's another big drag on the dow. they really did well with domestic sales and global sales. they say their customers are loving their fresh beef
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investment. foot traffic, though, down and that is hurting the stock. then boeing, last on the list there, left-hand side, they reportedly completed a dry run of the 737 max jet certification test flight. their profits come out tomorrow. nice bounce this morning, up 2.3%. boeing, though, at $338. now, on the hill, that would be capitol hill, some drama at a house financial services committee hearing earlier today. directed at housing secretary ben carson. ed lawrence is with us. edward, what's going on? what happened? reporter: yeah, this is happening right now, actually. the hearing is going on. they are talking about freddie and fannie in this meeting, however, what erupted was an exchange over puerto rico. representative nadia velasquez from new york, who is from puerto rico originally, started peppering secretary ben carson of hud about why they are holding up some relief money to puerto rico because of an inspector general report, they are waiting for the finish of an
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inspector general report about where exactly that money will go. listen to this exchange. >> where in federal law you are empowered, hud is empowered to withhold money that was supposed to go to puerto rico? >> i can't give you chapter and verse but it does exist. congress has specifically said to the secretary you may not -- >> secretary carson, reclaiming my time, since you are not going to answer my question. >> seemed like an answer to me. >> reclaiming my time. your staff previously claimed -- >> are you looking for an answer or a sound bite? reporter: secretary carson went on to say this would be the single largest payout to any territory that hud has ever made. now, he says puerto rico already has access to $1.2 billion so it's not like they are withholding all the money. $200,000 has only been drawn off of that. again, this hearing has digressed into a number of
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different avenues. also talking about libra. one quick thing, financial -- or treasury secretary steve mnuchin said treasury told facebook in a letter that libra was being launched prematurely. so a lot going on. stuart: yes, there is. i'm glad you brought us the fireworks there. what do you want, an answer or sound bite. good one. zinger from the housing secretary. thank you, sir. now this. am i the only guy who still reads newspapers? because i do. i read them all the time. i really like it. with me now, we have someone who is, well, here's the premise. if you don't go digital, do you die in the media business? executive vice chair of former ceo of hearst media, very big hitter. what do you say to that? if you don't go digital, you die? >> well, you certainly have much less business if you don't go -- i'm not sure i would go as far as saying you die, but certainly
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companies like ours have pivoted in that direction on the print side, but then we are also enjoying what has to be by all accounts the greatest period of television, when you take all that is television and all that's on the screen, and you have been talking about that, that's a lot of what i talk about in my book. stuart: you've got it. the book is called "leave something on the table." now, you come from a world which was pre-digital. >> oh, absolutely. stuart: when the first idea of digital came, did you see what was coming? did you understand the profound change it would bring? >> i think no one did, to be honest. but i think i knew that we were going to have to contend with it. i remember a meeting i held at hearst and explaining that this was as important as telephones in our office, that we were going to be using it every day, and some old wag in the back said thank god i'm old because he wasn't going to have to face this. stuart: do you think we face another revolution in media, when artificial intelligence
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arrives? is that the next new big wave? >> it's going to have a big influence. but you and i both know, as i talk about in "leave something on the table" the long history of media is such that nothing goes away. everybody thought radio would kill newspapers entirely. they didn't. in fact, newspapers had some great days in the radio era. everybody thought television would kill radio. it didn't. it's different, but it's not dead. similarly, everybody thought cable would wipe them all out and streaming. so there's an inexhaustible appetite for media among american citizens. answer to your question is that our papers and papers in general, through the combination of their websites and ink on paper, reach more audience than they ever did. the problem is that the business model is a real challenge, because the flight from newspapers of classified advertising, which went almost entirely to the web, was the biggest source of income.
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so the outcome of that is that the reader is being asked to pay more by some considerable margin. stuart: i'm sure you're with me on this but i love to just open out a newspaper and see the world. i can easily read it. i can pick what i want to read. >> random access, you don't know what you are going to see in any one day which is very different from the web, where you are looking for something specific. now, they both play an important role in informing the public and i worry about the local newspaper because so many local newspapers and their leaders have made communities far better than they would otherwise have been. that's a real challenge. stuart: i will read the book "leave something on the table." >> means the other guy doesn't have to lose for you to win. stuart: that's good. i should try to remember that. it was a real pleasure and honor to have you on the show. >> very nice to see you. thanks for having me. stuart: yes, sir. all right. i got a couple stories from california. we have definitive proof that the rich are indeed leaving the
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state and it's because of taxes. tell me more. lauren: stanford economist putting out a study. in 2012 when california voted to raise taxes on the wealthy in their state, what happened was they left. they left for nevada and texas, zero income state taxes. i know you want a number. i cannot give you that. i can give you two other numbers. it increased the likelihood of residents leaving by 40% and here's the boomerang of it all, it reduced the state's coffers by 45%. you know what, they said i will tax you more and more and it will bring in all this money and you left. you went to texas. stuart: that's good. definitive proof there is a tax exodus. here's the second story on california. another round of blackouts scheduled. i think this is for the northern part of the state. how many people get hit this time? deirdre: 200,000 customers have been warned via e-mail from pg &
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e that they probably are going to lose power for about 48 hours. of course, as you remember earlier this month, two million california residents lost power and as we all remember, pg & e does not reimburse for everything that goes bad in your fridge and every other inconvenience, medicines, et cetera. their website crashed from heavy user demand, from people asking when their power would be back so pg & e has now said okay, we will have a separate website to deal with questions about this power outage but as you say, 15 northern california counties may be affected. stuart: taxes, blackouts, homelessness. what else? high poverty rates. check under armour. yes, sportswear guys. got that. their ceo and founder, kevin plank, announced he's stepping down from his role as the chief executive officer. he is going to become executive chair and he is going to be the brand manager. that's why the stock is up 4%.
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he's not really leaving. he's still going to be a guiding hand. that's what the market likes. look at jetblue. profits are up big from this time last year, but they gave a not so rosy forecast. that doesn't hurt the stock this morning. that is up 4%. joe biden, two events in pennsylvania. that's it. a private fundraiser tonight and event in scranton tomorrow. but we haven't heard that much from him. that's not exactly an energetic schedule. hasn't made many headlines, either. next we talk to lou dobbs. is this the beginning of the end of the race for joe biden? ♪ when i lost my sight, my biggest fear was losing my independence. mmm... good. so i've spent my life developing technology
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to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me. hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare, you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare and they also cover your medicare deductibles and co-insurance. but they often have higher monthly premiums and no prescription drug coverage.
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now, let's take a look at humana's medicare advantage plans. with a humana medicare plan, hospital stays, doctor office visits and medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. in fact, in 2018, humana medicare advantage prescription drug plan members saved an estimated $7400, on average, on their prescription costs. most humana medicare advantage plans help you stay active and keep fit by including a silver sneakers fitness program at no extra cost. and, you may be able to save on dental and vision expenses, because coverage is now included medicare advantage plans. you get all this coverage for as low as a zero dollar monthly plan premium in many areas. and your doctor and hospital may already be a part of humana's large network. if you want the facts,
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call right now for the free decision guide from humana. there is no obligation, so call the number on your screen right now to see if your doctor is in our network; to find out if you can save on your prescriptions and to get our free decision guide. licensed humana sales agents are standing by, so call now. stuart: ah, yes, another edition of varney on the road. we will check tesla for you.
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they report profits or otherwise tomorrow. deirdre, this is all -- there's one number here and it's all about how many cars did you deliver. deirdre: that's exactly right. we are looking for 100,000 vehicles delivered in fiscal third quarter because as we know, there is absolutely no question of demand for these electric cars. people love them. people who have them, love them. really, the issue has been on elon musk and his team of engineers and just execution issues, of which there are many. so that's the number to watch for. stuart: i just question the whole idea of electric cars and how they are going to take over everything. i don't believe it. i don't get it. deirdre: when you see what's happening in california as well, with these rolling blackouts, that increases the pressure. stuart: california has $4 a gallon gasoline. so an electric car looks attractive. in new jersey i pay $2.50. i don't find electric cars very attractive. deirdre: but if you have no power to charge the battery in california, that's an issue. stuart: fair point. 15-love to you.
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i want to talk joe biden. hes still running for the presidency. yes, he is. his fundraising numbers, though, are kind of bleak. he hasn't made many headlines recently. and he's not got a very energetic schedule. where is he? lou dobbs is with me right now, the host of "lou dobbs tonight." he graces our presence. lou: great to be with you. stuart: how you doing? what do you make of joe biden? lou: i think it's interesting. you are the only person i have heard ask this question, where is joe biden. so many people -- seriously, the party seems to be saying it's over, we're going to focus on warren, we're going to focus on buttigieg, we're going to focus on bernie, and biden has become such an embarrassment to the party and to himself, frankly, with the ukrainian scandal in front of him, he cannot get away from it. he is sinking under the weight of that scandal.
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the president has branded him, focused on him and i think he's done. stuart: you think he's done. slow decline from here on out? lou: i don't know how slow but he's through. stuart: talk to me about mitt romney, please. as we know -- lou: he is also through. stuart: okay. well, i think we should call him pierre delecto which is his fake name for the fake twitter account. what's going on with this? lou: i don't know but he chose a name that's patently vulgar which is interesting on the part of a mormon deacon to do so, and a man who has had no constraint whatsoever in making a fool of himself, attacking the president quite visibly and aggressively and publicly. why would he go to an alias on of all things, twitter? you know, he's milquetoast and if you add to that, cowardly and
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as you put it earlier in reference to biden, he's going to sink further. stuart: but is he leading the charge among republicans, the anti-trump charge? lou: no. he's not leading anything. he can't even rise to the level of jeff flake let alone lead. stuart: are there cracks appearing in the republican party and their support for president trump? lou: i don't think so. as a matter of fact, what we have seen here in the last week is a motion led by andy biggs in the house for censuring adam schiff for what is a mockery of their responsibilities in the house and 185 votes, in the republican caucus, to support censure of schiff, this is a far cry from what had happened the previous week when 60, only 60 republicans would stand up for the president on a resolution on syria. so this has been a week in which you have seen consolidation,
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some cohesion assert itself in the house of representatives so i think this is a very positive sign. the national left wing media, of course, is ignoring that. this was a very important development yesterday. stuart: is there a single policy that president trump has pursued that you would disagree with radically? lou: radically? i think that trade right now is an open question. it's highly to me suspect that we should have any deal at all with china right now. we are watching concentration camps. we are watching hong kong, where they have been constrained, but constrained only because this president has given a very strong message to xi jinping that he does not want to see anything inhumane or even in my opinion, even uncivil in hong kong. stuart: you mentioned concentration camp, the imprisonment of uighurs. liz: estimated million there. stuart: strong word, concentration camps. lou: it shouldn't be, because it
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is a parallel to the constraint, they have singled them out based on ethnicity and religion. this is, you know, i'm not saying this is the holocaust, for god's sake. i'm saying these are concentration camps. they are reeducation camps. you can name them what you will. i think that carries a consistent and accurate connotation. stuart: so we've got a no holds barred standoff, a cold war, with china. that's what we're in at this moment. lou: no question about it. stuart: you would have nothing to do with any kind of trade deal at this point? lou: at this point, with a nation state that vows to dominate the united states, has threatened our navy, that continues to expand in the south china sea, that is carrying out a belt and road strategy that is insinuating china into every
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continent save antarctica and stand by there, it's worrisome, and the idea we are going to make a deal for them not to steal from us, that's crazy. even cyberattacks and the theft of a half trillion dollars a year in i.p. and technology goes ahead and corporate america sits by applauding the chinese for permitting them labor arbitrage. stuart: you want more of this, tune in, i believe it's 7:00 eastern. lou: 7:00 eastern. stuart: what's the name of the show? lou: probably one of the greatest names ever. stuart: "lou dobbs tonight." thanks for being with us again. lou: great to be with you. stuart: sports betting. how about this for a number. $445 million worth of bets placed in new jersey in one month, september. the largest monthly total in the state since forsports betting w
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legalized. next, super bowl champ golden tate, does gambling, is that the main driver of the interest in the nfl? tough question, but he's on the show. i'm going to ask him. ♪ i get it all the time. "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep it off. looking good, patrick. i know. (vo) go national. go like a pro.
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stuart: i don't believe this number. $445 million worth of bets placed in new jersey, one state, in one month, september. most of it was on football. look who's with us. golden tate. wide receiver for the new york giants. he's on camera. he's with us. he's here with jared robbins, president of no sweat, a product that goes in your helmet to keep sweat out of your eyes. welcome to the program. i will get to the product in just a moment. first, golden, can i call you that, golden? that's you? >> i like that. stuart: i'm blown away by those numbers. $445 million in one month, in one state? that's extraordinary. >> that's crazy, yeah. but it's just showing you where sports are going nowadays. fantasy football, there's the spreads and margins. it's an opportunity to win but it's also an opportunity to lose a lot of money. stuart: gambling is driving this
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train, isn't it? >> yeah, absolutely. stuart: how do you feel about that? >> you know, i don't know how to feel right now because as an nfl player, we're not allowed to place any bets on any of these, so i don't know. maybe once i retire, i will look into it and do it a little bit, but it's more opportunity. stuart: okay. hold on for one second. i want to get to you. you've got this company, you are the president of it, no sweat. that's just a headband that goes inside of a helmet to stop the sweat coming down on your face. >> that's correct. stuart: i didn't know there was a market for that kind of product. >> seven figure market to be exact, right now. we are getting bigger by the day. stuart: seven figures. >> yes. stuart: over $1 million worth of product per year just in headbands to mop up the sweat? how much is each headband? >> we started, a three-pack starts at $6.99. six-pack, $9.99. 12-pack, $17.99. 25-pack for $34.99. stuart: you have invested in
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this? >> absolutely. stuart: own a big chunk of it? >> nice chunk of it. stuart: nice chunk of it. jared, if somebody were to offer you $20 million for the company, you would sell, wouldn't you? >> hard to say no to that. but i think there's a huge market. i'm looking at golden now. stuart: he's got a smile on his face. if someone were to offer $20 million for this company, you would jump at it, wouldn't you? >> i would follow our leadership. i see this picture way bigger than that, personally. stuart: look, we really enjoy having great stars on the program and you are a great star. you are a good man, to boot. we are glad to see you make an investment in this. that was a product that really surprised the hell out of me, to be perfectly honest with you. can i keep it? >> yeah, absolutely. stuart: next time i break a sweat, i shall use this thing. thanks very much. jared, sir, thanks very much for joining us. >> thank you. stuart: thank you. i've got to talk about wework real fast now. softbank is going to retake control of the company. adam neumann, he's getting an
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stuart: softbank will take control of wework, got it. my question, how much does adam newman get out of this? >> the ousted founder gets $200 million. you can pad this a little bit. if you add everything up, including what softbank is doing, because they have too much money on the stake to let it fail out right. they're basically paying him total, $1.7 billion to step off the board. one billion they will buy back his shares. then 200 million goes into his pocket for a consulting fee i put that in quotes. 500 million they're doing loan
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repayment. jpmorgan loaned newman -- old joke, stuart. stuart: i find this unbelievable that a man who wrecked the company's ipo, lost a lot of money for softbank -- out of time, neil it is yours. neil: quick peek at corner of wall and broad. where the s&p 500 is closing in on a record, still 17 points away from the july 26th highs. we're getting close. we'll detail that in a second. we're awaiting word on a brexit vote that could come today. it might not come today. we know that boris johnson is not pleased with what is on the table. he himself could yank it. a cease-fire ending day, creating more fire from all the principle parties, president erdogan is sucking up to the russians and the russians are happy to play the disruptor. new china trade
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