tv Varney Company FOX Business October 28, 2019 9:00am-12:00pm EDT
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you put it. i thought you never touched all right welcome back it has been a big morning we got news things lik't interested in this morning. >> yes. tiffany deal, with terrorist them? >> i won't touch facebook or touch crypto or won't touch dead. president made news on the chin libra but if you had to make a deal. average record high at the u.s. bet you would bet on libra open. destroying other cryptos because >> thanks so much even see you again tomorrow. there will be real backing stuart varney takes it away. behind libra. >> that's my show good morning the fact the senate and house everyone. this is a great way to start the came down upon poor mr., what is new week isn't it? his name from facebook. drew a blank. stuart: zuckerberg. >> zuckerberg, yes, baghdadhad i is dead and pleased mr. zuckerberg. to see both look at this. the fact that they came down so and pay close attention to the hard on zuckerberg last week s&p which is a broad-based certainly took the props out indicator of 5 hushing big from beneath libra. companies. it is about to open the at an i believe they will come back with libra in not-too-distant all-time high. nearly threer yews into the trump presidency, the big market future. if they do it will be terrible rally continues. the value of american business for cryptocurrencies. up about 10 trillion dollars. to the millenials, leave it to the president gave the market an others far more wiser than i or additional boost when he said courageous than i. it is far outside my realm. that trade talks with china are
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ahead schedule. stuart: dennis, thank you, sir. we'll be up right from the get-go here's our number one the president is on his way to contender for stock of the day chicago. he will speak to police and sign tiffany steffed a $14 billion an executive order addressing buyout offer from the french crime. we expect him to speak next hour. when he does you will see it right here on luxury goods and up what, 31%. "varney & company." before we hear from the contender number two, microsoft, it won a $10 billion cloud president i will speak to bob contract from the pentagon saget, from "full house," amazon aced out. microsoft stock hitting new all-time high that's premarket, remember that. he is hosting nashville squares, 15 -- 144 that's up what 2.5%. a game like hollywood squares. now look at this the disastrous what has he got to do with fires in california. country music? i will ask him. overnight 200,000 people next the governor of alaska, evacuated in the northern part of the state. the utility pg&e black out about lawmakers should at his state as an example of immigration done 3 million customers. governor newsom declared state right. he tells us why after this. ♪. of emergency, quote, all available resources and pg&e stock tanking down what, 20 odd ♪ percent at this point. we're going to follow this story, fire, stock throughout
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the day. look it is an active week for your monday get the latest on economic growth and on profit and fed meets on interest rates ♪♪ this week as well. today, the president fresh from the successful baghdad thrps i operation goes to chicago going ♪♪ to a city is where teacher strike a horrendous and afteraffecting the just see ♪♪ smollett hoax but the protesterer gathering they don't want him there, but we will show you the speech. "varney & company" is about to begin. ♪ >> this is the big money story, the s&p 500 is poised to hit a record high right at the opening bell this morning. most people think of verizon as a reliable phone company. market watcher keith fitzgerald with us this morning. (woman) but to businesses, we're a reliable partner. keith, can you just nail this one before we go new further as we keep companies ready for what's next. (man) we weave security into their business. today rally anything to do we virtualize their operations. limbs of al al-baghdadi but this
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(woman) and build ai customer experiences. we also keep them ready for the next big opportunity. like 5g. almost all the fortune 500 partner with us. really still is all about earnings all if the fed all (woman) when it comes to digital transformation... about companies doing the right thing at the right time in a verizon keeps business ready. strong my. >> do we go up from here? ♪ we open probably on the s&p at all time high. do we go up from here next week in the week after? >> i think next week and week after, yes. ping tactically speaking stuart, short-term trade reverse getting very itchy as investor i wouldn't pay a lot of attention to that and probably have a little bit of a pullback during the week. but again not a if bend. >> was the president statement on trade this morning no a factor in today rally? he came out and said as he was leaving for chicago he said look, phase one of the china trade talks are ahead of schedule, he expects a signing soon. is that a big plus for the market today? >> absolutely, stuart because again traders are looking for confidence and if they get
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indicators like that, they have confidence needed to put more money to work and there's a lot of it still to go. stuart: tell me about tiffany they've made this all cash takeover bid for tiffany this tells me that lox rei retail market is pretty strong right now. do you agree with that? >> oh, yeah isn't this cool because this is what capitalism is all about. you know this is the growth for growth. we've got a cash rich company louis vuitton taken on brand tiffany it is a class move because you can son sol date and get cinergy a scale and it is a superdeal. stuart: do you think it could, the bid is for $10 a share. but i've got tiffany premarket trading around 130. does that mean there's a bidding war for tiffany? >> you know, i don't know stuart but that's a good supposition and luxury brand that want to move in consolidation seen this
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in energy and a lot of other centuries so i don't think that's a -- an extreme assumption but to it, i don't know yet. >> keith thanks for joining us we'll see you later. stuart: first day out of the box >> how about about more breaking on monday morning. we're up 180 points. news right now jpmorgan up better than 2/3 of 1%. considering moving thousands of look at this one. jobs out of the new york area. s&p 500, a broad-based indicator tell me more, please. >> bloomberg is reporting that of 500 companies. jpmorgan is considering cutting that is all-time record high. costs in the event of a possible 3041 as of right now. economic townturn by saving boeing's chief executive will testify before the senate money by getting out of some of commerce committee tomorrow. their new york real estate, and he will be pressed obviously on moving employees and opening the safety of the 737 max jet. buildings in cheaper states like texas for instance, also florida. lauren, do we know what he will also, and this is bad for new be asked about? york, obviously, it is a lauren: people are angry and financial hub amazon no long per they want answers and he also coming here so this was bad for has to rebuild trust for the new york but they could had pex regulators and flying public. why would you go back on this employer jpmorgan could be outside areas of new york. plane? >> but is it also part something he faces the senate tomorrow which is the one-year to do with the tax? anniversary of the lion air >> absolutely. crash in indonesia and face the >> superhigh taxes no long per house on wednesday. deduct public against federal reserve. at the house hearing we're i take jpmorgan trying to expected to have the
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protect its employees like this representative from oregon to maybe? >> perhaps trying to look at show a marketing brochure, in pits employees and their tax situation as well. that brochure, boeing advertised maybe some of them are asking for this. stuart: and morgan stock is so for pilots with additional up had this morning, and minimal training on the mcas otherwise up market. got it. thank you, lauren. system, the system in question at&t they added more mobile of the 737 crashes. phone subscribers who pay a he will have a lot of explaining to do. monthly bill. he said he is sorry many times. and they're 5% dividend looks what has boeing done the past solid that stock is up 3.5, on year? mullen berg is no longer ceo. they added a chairman. at&t right now, the dow added a long time navy admiral component walgreens they reported high or profit held by to the board. high per prices for branded they added $9 billion to deal drugs and increased prescription with crisis. volume. that stock is up 1.5 all up this no executive staff is getting morning and then support making bonus. he has been prepared all weekend money helping buy more paid for this testimony. stuart: a lot of pressure on the prescriptions 8% higher what a man, that is a fact. someday. all right now look at microsoft. look at this headline. i will read it for you. stocks up very nicely thank you. even alaskans suffer from dems it beat out amazon for failed border policies. the author of that headline multibillion dollar pentagon joins us now. deal. the stock is at 144 premarket the governor of alaska, mike up 2.5%. dunleavy. lauren, com into this. welcome to the program good to this has all about cloud have you with us, governor.
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business -- >> great to be here, stuart. gaining ground here. a surprise win for microsoft stuart: what is it about alaska saying you do immigration right? they wanted $10 billion tenure >> we have lot of seasonal deal from the pentagon everybody industry in the state of alaska. thought amazon could get it but fishing industry and tourism microsoft did and stock open at a record high this was the cloud industry. we bring people in because they're seasonal, temporary and contract basically it is digital legally. mod personnization of the we do it the right way. pentagon so they have better -- we make sure folks coming to you know, access to data alaska are here legally. they pass the checks they need remotely. so that's important but dan and to be passed. they contribute to the society. web bush says this was a game we do it the right way. look what is happening on the changer ripple effects for border in 2017. we're talking about the southern microsoft cloud business for years to come. border. we had over one million illegal >> dan was on program i think it was thursday of last week and he crossings. this is going to impact all of said microsoft would go 170. the states, alaska, for example, $108 million, even though we have legal immigration we still 144 now he says 170. have some illegal immigration but can we ignore political alaska. costing the state $108 million a undertone given that we've heard president trump rail against year. we need to work with the washington post and, you know, president on this -- owner of it being jeff bezos stuart: let me get this right. sorry, governor. you have illegals living and owner of amazon as well some say working in alaska and it cost this might not be coincidence . you how much you say? >> i'm ignoring.
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former defense in a new book >> $108 million per year. stuart: what can you do about that? reportedly says he reportedly >> we got to work, we got to says yeah. trump said make sure that bezos work closer with the federal andamazon don't get this deal government. we have to work stemming, what is happening on the southern borders. this is how these folks are but that's a report. coming in on the southern >> microsoft is up. borders. got that. once they get into the u.s., >> good for you stuart. stuart: another one apple, of they diffuse, get on boats, come course, now that stock is pup -- to alaska. we have a great legal what, 50%. immigration system going on for apple is up 57 of 56.this alaska in terms of having workers come there. we do have illegals come there calendar year, it is just absolutely taken off. we need to stop it so those come it keeps -- here illegally are getting the still with us keith, yes you are benefits in the state of alaska, there. is it 247 as of this morning getting benefits. those come here illegally don't earnings come out later this get benefits what we need to aim week. for. is it is too late for our alaska will end up not paying viewers to get if they wanted to over $100 million to deal with buy some apple. this. stuart: i have to ask you about >> no, absolutely not. a report which i read this i mean we came into this year morning which says new mexico 150 i said it was going to now produces more oil than double everybody looked at me like i was a space alien but you alaska. that was kind of a shock. know this thing is this company is that accurate? is shifting away from the ieg >> that is my understanding. phone into the cloud into high i think they're producing upward margin service into medicine and 800,000 to 900,000-barrels per thing that have a lot more profitability so if anything i day.
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would argue stuart it is still alaska was 500,000 barrels per cheap. >> still cheap. 246 all right thank you, keith. day, late 1990s. just about everybody is up this we have prude dough bay which is morning including futures and super giant. we're undergoing a renaissance s&p will open at record high. in alaska in our conventional and then there's this. oil fields. we are slated to produce 200, five months of antigovernment protest in hong kong really taig a toll on hong kong economy, 300,000 barrels of more oil in next five to seven years through suzanne is looks like they are well they are in recession. conventional technology and investments. oil is looking up for alaska as but they have withdrawn officially this -- this about extradition bill it is for the country. i hope politics allow the oil to which sparked these five month be brought to market. stuart: governor, thanks for of protest, however, taking a joining us. looked a pictures over weekend appreciate it. >> thank you. stuart: after the closing bell there's -- does it seem like it is today, beyond meat will offer up placating protest necessarily? its financial report. >> fewer protesters out there? we have an early investor coming on the show who is expecting big >> might be the case actually. we might be looking at less things in that beyond meat people only the streets. but you see molotov cocktails report. but of course, he will face competition. the stock is way off its highs. and then a natural routine with we have the story for you coming water canyon and rubber bullets up. wait until you hear how many but this might be actually of start our day right without staffing some of the support for having a cup of coffee, me
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the hong kong protesters we're looking at the first recession included. more "varney" after this. in -- what, ten years since the global ♪. financial crisis. and the financial secretary says, we won't even achieve zero i signed up because i was curious. to one percent growth zero growth for this year. because tourist folks, that might be taking away support for these ongoing protests. stuart: i thinkthank you suzanns monday morning record high for the s&p up about 130 for the dow and look at that a nice half percentage point gain for the nasdaq propelled by microsoft i learned about my grandfather's life doing very well. now president trump he's on his on ancestry and it was a remarkable way to chicago. as of right now, he's going to twentieth-century transformation. speak to police chiefs and sign he did a lot of living before i knew him. an executive order on addressing bring your family history to life like never before. crime. you will hear from him later get started for free at ancestry.com this morning. a leaked video from inside google show it is that ceo admitting that company is losing employee trust. is google in a state of turmoil sure is look like it. we've got the story and the left
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get your info kit now! the good news is, many of us are living much longer, but you know what that means our retirement savings are being stretched over more time. that's where your home's equity can help... don't wait start learning more today. it could be the financial option you're looking for and give you the cash to supplement your other retirement assets. if you've had your home for a while, it's probably worth a lot more today. so why not use that appreciation for anything you need maybe it's some home repairs, or updates to make it more comfortable so you can stay stuart: we're having a rally. in the place you love, right now the dow industrials your home. are up 186 points. get started today while home values remain high. 27,143. we're less than 1% away from r extra cash now, all-time high on the dow. accessing your home's equity the s&p already at an all-time could be the right financial solution for you. high. the new aag advantage jumbo is spotify, rosy forecast on third quarter profits. changing the way people use reverse mortgages, they had more paid subscribers. the stock is up 13 1/2%. and another way aag is working to make your retirement... it is up all across the board today. now this. better. half of us say, we can't start
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call the day postively without a cup of coffee. susan. do we know how many cups of coffee on average we all have? susan: among american consume shun. 3.9 ounces of coffee. stuart: that is a lot. susan: four out of five well look at this overstock.com it is going town big. americans agree daily cup of it says it will seek a coffee a way to stay positive shareholder vote regarding a digital dividend and that's the day. enough for a 4% gain but there's 50% can't do without it in the more pain for pg&e share hold morning. stuart: i think it sharpens you up, gets you going, make you percent. a win driven wildfire continues take on the day. to burn in california's wine lauren: expensive cup. so many people buy the coffee at country. and there are more rolling blackouts in part of the stake, starbucks, your favorite. stuart: i don't. on the way for look at that. susan: gist of the survey, 85% stock is down 27% a buck 38 of the americans they believe they want to stay positive. that's pg&e. i want to bring in robert grey, being positive is the best way he's with us now from los to get through the day. stuart: i agree with that. angeles. how many people without power susan: do exercise. there right now, robert? most of them say coffee is right >> well hey stuart yeah in the way to start. north where pg&e .8 million stuart: i'm a coffee addict.
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case closed. story about millenials. people without power and some of those suffered fire dang and supposedly the generation will be the richest generation. wind damage others being on our screens i see strategically turned off by pg&e $68 trillion. to prevent more fire, forest millenials inherit that from baby boomers. fires some southern california edison residents just knot north lauren: 68 trillion will be inherited by baby boomers by of los angeles without power some 300,000 now we're hearing 2030. several thousand people on l.a. making millenials five times as west side have lost power. wealthy as they are now. you can see the getty center the richest generation. what do they do with the money? museum fire in los angeles, on and what is their reaction when the the west side, you can see some folks on the left, perhaps the ridgeline there we're above the next president of the united states wants to take it from staging ground you can see the them? stuart: i wonder what they say fire in rescue workers here are prepared to go. about that? they've got the blaze basically lauren: might change. stuart: hand over my wallet that under control here. it is blowing those south and could change politics, couldn't southwest, the entire west side it? lauren: absolutely. ising being evacuated so we're stuart: president trump will helicoptering to follow this arrive in chicago later on this developing fire right now stuart i'll sending become to you. morning. he will be there to speak to stuart: back now why with later police chiefs. for an update on this one thank the by the way the police chief in chicago will not hear his you in los angeles. president trump addressing speech. he will be met by a lot of protesters. supporters leaving from chicago when the president speaks. we will take you there. he spoke about about elimination we'll listen what he says. of ice sis leader al-baghdadi
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roll that tape. pnches here we have a great bernie sanders would weekend for our country. legalize marijuana first 100 days in office. we captured a man that should what will that do to the vaping have been caught a long time ago industry? we'll ask a juul investor in a unfortunately he wasn't and done tremendous damage. moment. but it was a -- an amazing display of ♪ ♪ intelligence, and military power, and coordination, and getting along with people, with lot of great things happen. when you look at the world, this is the day when you need about rob o'neal man who killed osama bin laden, guess what he's what do you see? with us. sitting right nec to me in new ♪ york. welcome back to the program. >> thanks stuart. good to be here. stuart: getting no credit of any kind at all for what was done where others see chaos, over the weekend. >> just seems like a lot of people on left would wrath we see patterns. per -- ♪ anti-anything trump that's what it seems like this is a great connections. win for the global war on terrorism. nots just for the united states relationships. but allies for everybody. this is a shot at people to ♪ potentially be radicalized to go when you use location technology, to islamic state which happened
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because of stuff that hest. you can see where things happen, before they happen. >> one of the things that you ♪ killed when you were in osama with esri location technology, you can see what others can't. bin laden. >> when we go into pakistan a sovereign nation we have ♪ self-technology and we wanted to pinpoint surgical strike they're going in chaotic in sear yap especially in a neighborhood run by al qaeda. al qaeda astled not isis we don't know if it will happen on grouped and earnl delta guys went with in there with with to bring in a punch with us and they wept in there prepared to fight. they knew because of what they would find during what we kaw a exployation at the i could it have to get as much as they can to secure the perimeter to have a two hour on the ground. >> you wish you would been there? >> jealous because delta -- arranges and delta did it. not you seals. >> that's so cool because delta the doctor's office might mejust for a shot.o so cool i remember the the first time i saw them delta force but why go back there
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those guys are cool and i was when you can stay home cool too. with neulasta® onpro? but yeah, i mean, you sending those guys in they'll do what strong chemo can put you they do and win. at risk of serious infection. we won big this was that was a in a key study neulasta® reduced the risk of infection from 17% to 1% win for us. ivelings you have to talk about k-9, the dog that should be a 94% decrease. called? neulasta® onpro is designed to >> what he did was he ran into deliver neulasta® the day after chemo a -- a cave, a tunnel and i think he and is used by most patients today. was going to hide there and did neulasta® is for certain cancer patients receiving bring three of his kids with him strong chemotherapy. a shoeman shield and hide. do not take neulasta® if you're allergic to it but word i'm getting they found or neupogen (filgrastim). a spot to breach it they an incomplete dose could increase infection risk. breached a tunnel got guys in there and k-9 went after them ruptured spleen, sometimes fatal as well as serious lung problems and he was there when baghdadi allergic reactions, kidney injuries and capillary leak syndrome have occurred. blew himself up and might lose a report abdominal or shoulder tip pain, trouble breathing or leg but fine i think that's cool allergic reactions to your doctor right away. that -- i mean just a smack in isis face in patients with sickle cell disorders, say we can get you with dogs serious, sometimes fatal crises can occur. because they hate dogs. [laughter] the most common side effect is bone and muscle ache. >> that makes me happy for -- if you'd rather be home >> i do -- ask your doctor about neulasta® onpro. it is a great day. ob rough kneel a pleasure to pay no more than $5 per dose with copay card. have you back on the show don't be a stranger come soon. >> thanks. look at futures please because we're going up at the opening bell that's the story on money
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this morning. new record high for the. s&p right at the opening bell, and another solid rally for the dow taking it well above 27,000. and nasdaq got to be up half percentage point you better check out beyond meat. it report after the bell today, next we have someone who is is not a real big fan of the company. he says it has too much competition the fake meat business we'll let him make his case premarket 100 dollars a share. ♪ david: why not. gets a little help from his friend. not sure which ones he was referring to. 10:30 almost on a monday morning eastern time. staying with the brits. earlier this morning the european union, the leadership thereof of the eu, they agreed
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on boris johnson request for brexit extension to january 31st. so what? susan: more that boris has to accept the extension by law according to the ben act. ♪ ♪ i've been a caregiver for 20 years. remember october 31st was do-or-die for brexit, the uk no two patients are the same. would leave the european union predicting the next step for them can be challenging. with or without a deal? that is no longer on the table. now what happens? today we're using the ibm cloud to run new analytics tools the brexit extension is to january 31st, we're heading that help us better predict and plan a patient's recovery. towards a general election. boris johnson needs a stronger ♪ ♪ mandate what he calls his best ultimately, it's helping thousands of patients deal forward to leave the eu you have labor and liberal return home. and who doesn't love going home. democrats, yes it is a mess. trying to look through all the details, what is going on here? the liberals and the labor opposition party actually want earlier election on december the 9th. so -- stuart: to me the bottom line eventually the brits will leave the european union and it will be boris johnson to leads them
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out. susan: you really believe that? stuart: yes i do. susan: that is strong conviction. stuart: what rather conclusion do we reach here? do we stay in the european union? i don't believe it. susan: may be prolonged brexit. most people think of verizon as a reliable phone company. i don't know how long it will (woman) but to businesses, take. do you think a second we're a reliable partner. we keep companies ready for what's next. referendum? stuart: no. i don't think so. (man) we weave security into their business. i think general election, boris virtualize their operations. johnson conservatives win and (woman) and build ai customer experiences. they are out. we also keep them ready maybe wishful thinking. for the next big opportunity. i don't bet on those things. like 5g. almost all the fortune 500 partner with us. very nice market rally going on (woman) when it comes to digital transformation... this morning. we're up 185 points. verizon keeps business ready. less than 1% away from the all-time high on the dow. ♪ look at the s&p 500. that is a broad-based indicator that did hit an all-time high earlier this morning. never been higher than that. look at nasdaq, very solid gain there as well. you're up, .58%, 70 points.
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that is big gain for tech-heavy nasdaq composite. i feel compelled to put this in the show. popeye's bring back the chicken beyond the routine checkups. sandwich next month. why is the delay? beyond the not-so-routine cases. lauren: it was a big deal. comcast business is helping doctors it sold out in two weeks. it had a following on social provide care in whole new ways. media for their spicy chicken all working with a new generation of technologies sandwich. they promised it next month. powered by our gig-speed network. the issue where is the supplier for the bun and chicken cut because beyond technology... there is human ingenuity. let's. so many buyers have exclusive every day, comcast business is helping businesses relationships with rival brands. we'll talk about beyond meat go beyond the expected. tomorrow. they report today. to do the extraordinary. this is real meat. and it is chicken. take your business beyond. a big win for popeye's if they ever get it back. stuart: what every you say. spicy sandwich. in our last hour, we had an analyst on the show, he specializes in analyzing beyond meat and the company and the stock. he says look, there is a lot of competition coming down the pike. he is not happy about the stock price in the long run. that was the analyst this
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morning. greg smith is with us right now. he was an early investor in beyond meat. you're worried about the competition down the line here? >> no. we have active day today as >> look at beyond meat, they report their profit or beyond meat reports earnings after the close at 4:00. otherwise after the bell today they have a little headwind. that stock has gone up like a ipo lockup is off at 4:01 from rocket ship quad quadrupling sie the may ipo. we have seen the stock off the highs. this company has tremendous may and joining us is wells fundamentals. they have a really strong tailwind at their back. fargo senior analyst who follows stuart: as of tomorrow morning beyond meat. okay. early investors can sell their stock in beyond meat if they why so cautious in the long-term it has done very well so far. want to. >> they will have the ability to >> wink per a growth driving is sell. i think you got a great company. me, personally, i'm hoping the pipeline and it is doubling stock goes down so i can add to production capacity. my position. revenue coming in. i would love to be a buyer in tabling production capacity so the 80s personally myself, seeing now two dozen restaurant from a portfolio management that sell yongd meat products. all a push into grocery so we perspective, if the stock goes think short-term after the close up. i follow what my father always a positive for revenue, as well as per the full year for 2019. told me, sell some, hope you're
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so question get the result ares wrong. this company has incredible this afternoon. tailwind at its back. and you say the market it goes it is a growing market. up. the stock goes up today. not will be winner-take-all well we think after the close tonight you see a positive print universe. you're seeing bigger and bigger trend, demand for products. for revenue but that lock stuart: this is not a passing tomorrow, could have pressure. fad? >> this is not a passing fad. >> that means as of tomorrow look at international trend. investors in can't actually sell there is call for meat tax in some markets, germany, denmark, and a lot of them will. >> exactly. sweden, on heels of sugar taxes so you think it goes down at that have come. that point? you have asian and african swine >> would suggest that. yes. we think this is been a -- flu. they will drive consumption for a scarcity value in last six other meat alternatives. months. i think we have a three-way look at that on the screen 250 a market next five years of share at one point. certainly animal protein. now it it is down to 100 what's you have plant-based competitors going on with this? like beyond meat. >> we think that's a function eventually cellular products, meat grown in lab, pure form, and publicly traded pure play in not susceptible to african swine plus the limited float from ipo flu. stuart: that is fascinating. >> major wild card. lock you period we think that change is going forward plus what happens with mcdonald's more competition into the space with beyond meat. but from private labor and large they have tests running, if they companies. >> that's not a passing fad. break go to beyond meat, could >> no we think everything is a be 2 or 300 million-dollar generation is isal shift and see account alone. stuart: that would put beyond meat way up if mcdonald's went plant based beverages and cows
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milk market this is nec phase of for them. >> looking at impossible from burger king. growth for at ltive base. that is terrific. >> i find it fascinating we great commentary out of each of the companies so. stuart: you were early investor in pax labs? always appreciate it and see you later. >> i was. >> check futures up a little bit more. pax labs is top -- up 140 points now fur the dow. stuart: p-a-x. 13 on s&p that puts you the a new high and nasdaq composite up >> yes. stuart: they were vaping about half a percentage point it products for marijuana. is a rally and we'll cover it >> yes. stuart: you were early investor. for you after this. >> yes. stuart: bernie sanders wants to as a struggling actor, legalize marijuana in first 100 days if he becomes president. you would be cheering him on. >> i would. 2/3 of americans in recent gallup polls are in favor of legalizing cannabis. stuart: you haven't proven vaping is dead safe? >> it is all about harm reduction. go back to the nicotine market and public health england who calls vaping nicotine 95% healthier than smoking combustible cigarettes, all in the spectrum or continuum of public health. stuart: what about the thc with
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marijuana? >> recent illnesses we've seen from the black market. let's legalize it. get it out of the black market. get regulate not on state by state basis. or perhaps the fda can do much better job regulating this. giving consumers something we know is guaranteed safe. stuart: will you vote for bernie sanders? >> i will not vote for bernie sanders. i will reserve my right. stuart: thanks for joining us. >> thank you. stuart: always appreciate it. thank you. still on bernie sanders. wait for it. he compared billionaires to drug addicts. tell us precisely what he said. susan: in a cbs interview on friday we have bernie sanders saying the ultrawealthy are pretty much like drug addicts. they're addicted to money. in order to get the money they're prepared to do terrible things to working people. listen. stuart: terrible things? >> these have become literally a religion, i need more, more, like a drug addict.
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susan: more, more like a drug addict. says billionaires shouldn't exist. a wealth tax proposed wealth, not income. that starts at 1% for those with assets above 32 million. going up to 8% of those with assets above $10 billion. stuart: they do terrible things to working people. billionaires do terrible things. lauren: give people a job. susan: he thinks because of income inequality highest in half a century to send uss data, billionaires shouldn't exist especially on the backs of laborers, right? he also has inequality tax says if you pay your ceos 500 times your average worker you should pay 5% more on top of the corporate rate which is at 21%. stuart: he is an angry guy. really an angry man. that's a fact. susan: in his view billionaires shouldn't exist. stuart: the next case, "the washington post" referred to islamic state leader baghdadi as an austere religious scholar. that was in an article over the
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weekend. it was in the obituary over the weekend. they since changed the headline. we'll ask our media guy howard kurtz what he makes of austere religious scholar. how about that? california wildfires caused 200,000 people to evacuate the nonpart of the state. moments away we'll take you right there. ♪ all ththat i can get. at liberty butchemel... cut. i need all the breaks that i can get. liberty mu... line? cut. at liberty butchemel... liberty mutual customizes your car insurance cut. liberty mu... line? so you only pay for what you need. cut. liberty mutual customizes your car insurance cut. liberty m... so you only pay for what you need. am i allowed to riff? what if i come out of the water? cut. liberty m... liberty biberty... cut. we'll dub it. am i allowed to riff? liberty mutual customizes your car insurance what if i come out of the water? liberty biberty... cut. we'll dub it. so you only pay for what you need. liberty mutual customizes your car insurance only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> all rightlet see what we got here billionaire richard branson virgin galactic is going to start trading on new york exchange this morning. this is a first for the space tourism industry. sm it is indeed it's a right. so this follows merger between social capital and virgin galactic more of a direct listing to bring around 800 million to virgin galactic to take off next year in 2020 so they're looking to maybe start 16 trips next year. a as soon as next year 2020 hopefully if the drills go well, and then 100, 270 by the year 2023. they're charging 250,000 books to take you to the enof space. >> that's right 0 minute experience and a lot of people have signed a 600 including selects and justin bieber put down deposits to get the first
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rise own virgin galactic. >> would you go? test it out first. i think. >> would you go? >> trying to sending me to space in there or say something? >> 9:30 eastern time on a monday morning we're off and running let's see how we're doing in the early going. right from the get-go we are with up this morning. i see gain of 80 odd points 0 point, that's for the dow industrials not all of the dow 30 have opened at this point. but as of now glues a few seconds we're up 100 points on the dow but look at the i'm sorry the s&p 500 -- that that index has never been higher. 334 that is a brand new all time high. you're looking at it right there a little history. as for nasdaq composite, nice fop there as well. that's up -- about half a percentage point very solid gain 43 points up fur the nasdaq. tiffany, i'm going to call that a nice pop as well up 29% and 127 per share, it has had a takeover bid from ld french
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luxury company microsoft has won a big pentagon contract up very ♪ nicely right from the get-go i own a small slice of it. it is up 3.8 at 144. ♪ going the other way, the ♪ california utility pg&e, ♪ wildfire rage. that continues and pg&e is stock ♪ is down close to 25% this monday ♪ morning. joining us now barron sr. editor ♪ jack along swy disan lee and ♪ lauren simonetti jack all agree pointing straight up for all of the indicators. why? >> investors are frrd looking this is really the time of year when they start to say what's next you're going to look like? the third quarter personnings they're not great not a lot of growth there fourth quarter stuart: just joining us. we have a rally on our hand. easier and better numberses in the dow is up 160 points. fourth quarter and next year the s&p 500 as we told you all turn to healthy groat i think in morning at a new all-time record earnings no recession on horizon high. it has never been higher where stocks look affordable so it is now. nasdaq composite. continue to rise from here. >> i'm not calling suzanne lee tech-heavy, it is on a roll this
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sitting here laughing what's the thing here? morning. >> i love -- up .8%. your eyes just trained on the solid gain. 66 points higher for nasdaq. markets this morning going how much higher can i go and how a rally all across the board. much higher can microsoft and california wildfires, forced other port foe owe things go as well but a stellar month and, in 200,000 people to be evacuated. fact, bank stocks technology robert gray joins us from leaving it apple is up 10% los angeles. what is the latest from where probably the biggest contradict you are right now, robert? tore for s&p 500 apple reporting reporter: stuart, that number is earnings on wednesday and bank stock making money once again growing. off high higher yield curve. probably closer to quarter of a million people statewide what is >> companies not as profitable called a state of emergency. we've seen them fall out of the getty fire broke out in favor and investors going for los angeles at 1:30 a.m. the call is still undetermined robust cash and investors are at this juncture. as you see, how close it is from doing sensible things here. is the question which i've been the getty center museum, that fielding a lot this morning does the baghdadi killing have many may have visited. we're in neighborhoods on hills anything to do with the stock market rally you want to answer evacuated. that jack? 10,000 homes in the west side of >> yes. no. no impact. no impact. l.a. have been evacuated. >> but it changes focus we're the firemen there seem to have a talking about constantly good perimeter. impeachment of the president none of the homes in that that pulled out of syria now you have a narnlg major win in not neighborhood were burned. but strong winds kicking up.
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the ultimate defeat but defeat santa ana winds, 65 right now of this number one in isis and that's a reassuring miles-an-hour pushes it. sign and change your fire trucks on the move. there is staging ground just perspective. >> it is a political win for president trump, and that has behind us here. they're heading west. some minor leagues influence on they are basically evacuating the market in my opinion. people on the west side, north >> that for sure. you almost have me a maybe but of sunset boulevard all the way to the ocean. i'll stick now. we continue to follow this, but you make a compelling case. >> we're putting this on screen 2.7 million people up north without power. now not because i'm a about another 300,000, about an hour north of here in stockholder of microsoft but all time record high , 145 dollars a santa clarita area where the tick fire is mostly contained. share. they're also without power. you should explain why because it is the still the pentagon couple thousand folks in contract. a million dollar for ten year los angeles without power. they're trying to re-establish that. for cloud computing very big definitely something to keep an eye on here today, stuart. deal and stock is all time hoy we'll continue to follow it for high so things are up almost all you. over the place today include back to you. stuart: 3 million customers retailer bright spot there is blacked out. robert gray in the middle of it, the parent company of louis robert. thank you. vuitton take over bidding for want to get back to the tiffany which is way up this editorial i launched at top of morning, a 30% gain. the hour about the death of baghdadi. looks to me like luxury is in look at this head line from "the washington post. it was quickly changed. this was the original headline. jack, luxury anything, and you know seems we do stories about
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how retail is getting clobbered abu bakir baghdadi, austere right now but a big difference to rich people and everyone else religious scholar at helm of right now. luxury businesses are very islamic state, dice at 48. moving higher and higher rich howard kurtz, "mediabuzz," i'm people own stock and feeling disgusted. how about you? frustrated. >> unthinkable, i'm not rich and i have a blue box on me today which i haven't "the washington post" would run that headline. it wasn't the original headline. opened yet it was a gift. somebody tout it was good idea i won't say who. to change it to austere >> but people buying tiffanies. religious solar. >> tell us who. it was awful, white-washed this >> friend i don't know probably man was brutal mass murder had a key chain or something. and consumers is strong and public beheadings. powers two thirds of the pus economy. >> our viewers mailing them to there is no regret from the paper. stuart: what "washington post," you? >> trying to get into north "new york times" reported what had happened, they said baghdadi america big time. is dead according to president in texas now this. ping they ultimately get it but trump, or u.s. says, or trump not on this but take a couple of says. more tries. in other words, they kind of >> okay. open that in private at some doubted that he was dead. point. they didn't want to go with the by the way, 130 the share is 140 word of the president. that was also pretty disgusting. >> i have a little less problem but a 30% premium bid put in with that, because sometimes above the closing price on initial reports turn out not to
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friday. >> bottom corner of the screen be true. obviously president is saying s&p all time record high of it. perhaps they're giving him another 16 point as of right credit. i have much more problem with now. ing google and youtube parent the tone of the coverage today, there is some grudging praise alphabet they report profits after the bell today this is a for the president having pulled off this accomplishment and our big deals, now that stock -- let call it google is up 20% great military, it is kind of mixed with some legitimate this calendar year. questions about the syrian and you think it has got more to go pup. pullout, would it make it more is that right? difficult to mount such an >> you're going to see i think operation in the future. topline growth, the effort is again "the washington post" for example, unlike president obama's measured tones when he 19% maybe 21%. this is a stock that trades announced death of president below 25 times next year obama, trump displayed earnings and a free cash flow. showmanship, blunt language, that's cheap for a company that airing personal gripes. still growing like a youngster. he took a lot of questions, okay. >> i don't know. there was colorful style, there i think approve stock still because you have to prove that was no need to denigrate that, ads business is still strong, make comparison to obama. revenue actually dropped or came stuart: we reached the point in disappointing two quarters where the media, establishment ago when you saw the stock media. plummet. all encompassing expression, so are they paying more for establishment media cannot give every click or paying more to president trump credit for their hardware i think cost are anything? >> i think unfortunately largely important also how much revenue you're getting from advertising. >> and trust. true for many outlets.
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open the box. credit is bridging. what is happening, many are [laughter] >> curious about that? open the box. moving back to impeachment this look we're five minutes in never happened. almost six minutes in. cnn 9:00 hour. and look this is a rally and a ten minutes on impeachment half look at this. before getting to the death of we're up 166 point now for the baghdadi. that is another form of not dow industrials. at 27,120 by doing the math giving credit to going back to changing the subject. stuart: i'm returning to this we're about 200, 230 point away theme. i don't think you saw this coming. from all time high for the dow i don't think anybody really saw this coming. industrials and we've got all time high for the s&p 500. i cannot believe three years ago we would be looking at a media walgreens that is a dow which is in abject contempt for component. better profit, held by higher the elected president of the prices for branded drugs and united states? >> i always like to point out i think there are some journalists increased prescription volume try to be fair. that stock is up -- by and large, when you look at about .8.. major organizations there is arks at any time added mobile simply no question almost become a business model to be phone subscribers the company says hbo max is a 50 million anti-trump, to be skeptical of trump. by the way journalist skepticism domestic subscriber market in is good, hostility, mistakes, four to five year, dividend at even when he does something 5% is solid and stock is up 4% good, he kind of got credit in big gain for a big company like the initial hours. now i think a lot of these that. spotify making money, held by organizations are reverting to their normal stance of trying to more had paid subscribers up 11%. denigrate what he does. stuart: media watcher, howard the general motors strike is
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officially over. the stock is at 36 dollars share kurtz, you have got your hands full. about a buck below where it was thanks for joining us. >> thank you. stuart: thank you, howard. before the strike began. "full house" star, remember amazon wow took a big hit friday "full house"? i watched it with my kids and down this morning of $10 at 1751 grandkids, bob sag get. he is a host of a new show, "nashville squares." and estee lauder new survey a country music reboot of the shows less makeup that stock is old hollywood squares when i down a half percentage point came to america. other markets let's check them first of all the bond market. what has bob saget have to do i consider that a bullish sign with country music? when the yield on tenure he is on the show. i will ask him. treasury goes up like that to one lawmaker doing 184 jack am i right the bullish questioning will be nebraska senator deb fischer. signal in the economy? perform i'm like teens i'm wear will this be a takedown after more makeup these days so i great american company? consider that a bonus too. i will ask her. more "varney" after this. 184 on tenure is bull picture ♪ time. >> keep it up for tv you need makeup let me tell you. price of gold is at 14.99 this morning. value of one bit coin is -- no -- no. no, it has gone up 7 plus. ,346. believing in the --
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crypto world with xi jinping that's helping -- doesn't do it china will. >> china will exactly in his testimony that's happening. price of oil this morning no influence on the stock market at all it is $56 per barrel this one of my favorite subjects price of gasoline had still falling, the national average for regular down 11 days in a row. the average is 260 per gallon that i think money put nerve the pocket that's good for the economy. but not as big of a share of personal spend as it used to be but pretty big a plus for the economy. anna, do you yes! those plans? >> okay but why are californians i just wanted to show you something i've been wor... are paying how much now? >> seeing $4, 4.06 a gallon ♪ james r. and associates. anna speaking... ♪ james r. and associates. anna. higher than national average ♪ take a look at this. paying average of 260 a gallon because things are more [phone ringing] expensive in california, baker architects. this is anna baker. obviously, in infrastructure itself. so -- at northwestern mutual, >> all of that climate rule this is what our version of financial planning looks like.
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isn't it with a special blended kind of gasoline all of that tomorrow is important, will. but also it is an expensive but you're ready to bet on yourself today. find an advisor at northwesternmutual.com. place to offer it as you know. but rules, and the cap on how much ethanol yes but also hawaii at $3.66 i didn't know that hawaii is also expensive but california is more expense i-than hawaii. that's extraordinary stuff. all right jpmorgan considering moving thousands of jobs out of the new york area. is this the tax exodus story at large, jack? i came home with my health. >> the story of lefty new york but what almost ended up taking me down... was a stroke. i thought i was invincible. but it's really humbling to face inevitably decline going on for so long it is in a decent place to live and work if jpmorgan can an enemy you don't see coming. fortunately, life line screening showed me i was at risk. save a few bucks fine. i think new york is okay for the long run. >> what do you got? life line screening is the easy and affordable way to make you >> jpmorgan is making good on a threat to move jobs out of the aware of undetected health problems before they hurt you. city after mayor de blasio back after all, 4 out of 5 people who have a stroke, their first in 2014 rejected banks request for about a billion dollars in symptom is a stroke!
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tax breaks. we use ultrasound technology to literally look inside your he said no, arteries for plaque that builds up as you age- is making good on his promise solet go if you're not giving us and increases your risk for stroke and heart disease. anything to say here. stuart:so mayor says you don't a if you're over 40, call to schedule an appointment for for five painless screenings that go beyond annual checkups. break so they leave. peace out. >> 9:40 so on the way with out and if you call us today, you'll only pay $149- the door but thanks for coming. an over 50% savings. check the bigs board high of the when i came in, they thanked me for my service. day now pup, that is 178 about i said thank you for yours. life line screening. the power of prevention. point up for the dow industrials how about that? the -- call now to learn more. ceo of boeing heading to capitol hill tomorrow. he'll be grilled about max jet, i need all the breaks as athat i can get.or, of course. this morning at 11 we'll talk to at liberty butchemel... cut. one of the senators who will be liberty mu... line? asking the questions. cut. are we really trying to take liberty mutual customizes your car insurance down a great american company so you only pay for what you need. with these hearings? we'll see. you know him as danny tanner on cut. liberty m... am i allowed to riff? what if i come out of the water? sitcom full house. liberty biberty... well bob saget has a show called cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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nashville squares ons next show to tell us about it and why he's on it. and my side super soft? be firm? and holiday shopping season with the sleep number 360 smart bed you can both... shorter than normal this year. adjust your comfort with your sleep number setting. so which retailer going to be but can it help keep me asleep? the big winners we'll ask our absolutely, it intelligently senses your top retail l watcher, next. movements and automatically adjusts to keep you both effortlessly comfortable. and snoring? no problem ... and done. will it help me keep up with him? yup. so, i'll wake up ready for anything? ♪ oh, we've got your back. so, you can really promise better sleep? not promise. prove. and now, save up to $400 on select sleep number 360 smart beds. only for a limited time. strongve is one of a kind brilliant unbreakable ♪ stuart: as you can see president engagement rings now 20- 40 percent off trump arrived in chicago moments ago. shop unique bridal styles at zales, the diamond store next hour he will address police chiefs in chicago. sign an executive order designed to help fight crime. when the president speaks you will see it right here on this program. here are stocks we're watching today. there is lots of them. first of all tiffany received a bid from a french luxury
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company, that's lvmh. the stock is up 30% at 128 per share. that is all cash takeover bid. maybe a bidding war coming. microsoft hit an all-time high earlier today. it is bag down to 143. that is still up three bucks on the day thus far. look at apple it also hit an all-time high earlier on this morning. now it is at $2.48. that is up a buck 45. google, they report after the closing bell today. the stock is up in advance of that. $21. 1285. beyond meat reports after the bell. they're down a fraction at $100 a share. hard to remember, but a couple months ago they were at 250. california utility, pg&e, way down, 17% off as the wildfires continue in california. so do the blackouts.
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pg&e at $4 a share. get back to microsoft. they won the 10 billion-dollar contract with the pentagon. they beat out amazon. this is all about cloud computing. susan: huge upset, amazon is bigger than microsoft. some say this could be a game-changer going forward. $10 billion over 10 years. the reason it is upset, had a market alert that's the high of the day up 190 point for the dow industrials. 27,140. six-year head start against that puts us about 200 point everybody else in cloud away from all time high. computing. they have 5000 contracts with the government, including a at&t they have reached an agreement with the activist 600 million-dollar contract with the cia the fact that the investor ellioting the in the that's why the stock is up so much. pentagon went for microsoft, it commits to regular stock given the precedent out there, buybacks and two new directors some would say there are political undertones, given that on board, the ceo will stay at the helm at&t is up 4.5%. president trump railed against "the washington post" and owner being jeff bezos who also happens to own amazon as well. how about virgin galactic yet it stuart: am i right in saying, just started trading. microsoft's cloud product, i believe it is called assure, is deirdre on floor of the new york stocks exchange. >> ce this is the first republic growing faster than amazon's
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offering of a space of tourism product, aws? susan: that is true. company. so i want to note stuart for amazon's recent quarterly report 250,000 and about 0 minute you can go up to the earth's showed 35% growth in cloud computing. atmosphere look at the curve of pretty strong as well. the earth and come back so they had six year head start. richard branson is here causing there might be a law of large big stir. lots offed good hubbub and numbers. stuart: microsoft i have a sparkler and firework outside sliver of it. earlier so pretty festive i'm not retiring even though it feeling day. has done quite well. but the idea, of course, is to you will be able to use do these space tour pism travel trips if you like and they do amazon's alexa to pay your say flights will begin within a bills. can't do that already, lauren? year aimed to be profitable by lauren: apparently not. ever been on the phone to try to 2021. >> space a tourism arrive on new pay the bill, they don't york stocks exchange we have it understand what you're saying, it can be a mess? coming into us a president cial tweet on market had the amazon says, 70% of us are not president says the s&p just hit enrolled in auto pay, 70% is not an all hype tie, this is a big win for jobs, 401(k) and enrolled. this is huge opportunity for us to say, alexa pay the electric frankly everyone. our country is doing great, even bill. credit card bill. i think a lot can go wrong. killed long sought isis murderer stuart: all over with people
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stronger than ever before with alexa in the room, they heard you say alexa. upward potential enjoy so lauren: sorry. if they can pay my bills. president, obviously, believing killing has to do with today market prally got it. that would be great. stuart: let's move on. a scant 57 shopping days until christmas. comedian actor, bob saget, will and many retail watcher say consumer will be spending big host a show, "nashville this holiday season. look who is here. the man we always turn to when squares," it is a revival of it is about retail is name is "hollywood squares." bob sag get, congratulations on gerald just done everything in retail haven't you? the new show -- sag get. everything. it is a great, great business. >> now i follow your stuff you forgive me for asking, this is a say winners this holiday season are going to be wal-mart target country music show, why are you and best buy. hosting a country music show? it occurs to me that none of >> that is my first question. those three are really heavily "hollywood squares" offered for exposed in shopping malls. dges well what's happening, of many years. course, is this is -- my friend tom bergeron hosted. an open book right, the business is doing out of the mall, and center sways, with whoopie, i was offered that. into discount store and on to the internet. this closed for mat where i and the other big trend is that didn't want to do what i wanted shoppers are shining a little bit more away from apparel and to do and free form. i will be doing it again next going for product like hardline, year in a dirtier way. and you know, these companies what are you going to do. provide a broad range of opings this is for families.
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they've done well in the internet these are not -- and it has got, i always love these are internet savvy country music. all my stand-up i have always retailers wal-mart or target or best buy they're very good on done country songs. i'm working on a couple for my interpret and i would add amazon, of course, they're going new special. to be spectacular half of the i did one on the show, corn's my interpret and internet continues meat. to grow at high double digit it is a vegan song. rate. >> but you think consumers are stuart: okay. going to be spending big this >> we've got -- stuart: bob, we cover, on this holiday season i don't need a spersage number on increase. program we cover streaming a lot >> but i tell you 4% 4% all year because that is the big new year over year. thing in the streaming wars are every time a retail sales report going to start really soon. >> yeah. come out people are are paying attention to some l kind of stuart: but -- >> yeah. adjusted about month over month stuart: this new show is not a stream. change in retail sales but you it is a cable tv product, isn't know consumers don't spend it? adjusted dollars. >> it is viacom show. if you want to know what's going it is on cmt. on look at this and last year they have got a few original sales like every retailer does shows. we're one that they're launching, feeling hopeful it has been four percent and about, feeling good about it because it is fun. expect same thing per holiday. they had "hip-hop squares" on that's a big deal and strong holiday. vh1. strong holiday season and some they took that format, applied say it is a short season. that's kind of confusing i don't it to this. know what that means because i said why me? christmas is always december we want you to be funny, be yourself. if somebody offers me that and a 25th but trying to say that thanksgiving based on being a couple of shekels, and seems certain thursday of the month
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has moved back so only a smaller good, people are good, i have number of days between tanya tucker, tanya tucker is in thanksgiving and christmas but the center square. shoppers aren't cued off by we have legends on the show. thanksgiving like they used to. then there is gary busey. they know when christmas is, you buy the same and more condensed and he is funny, he is just period of time but you have funny. he will go huh? money and spending it and a you talk to him because he made great holiday season. >> i'm not sure if you saw this a noise. org did the american dream that stuart: you have your show, mega mall just out in new "fuller house," that is on jersey. it opened -- netflix? but this is not a regular it is streamed. >> the fifth and final season. shopping mall. it is an entertainment center we're doing 18 this fifth and more than anything. >> first of all they opened final. that is nice netflix gave it amuse m park shopping is not that many years. open until next year so 18 episodes. nine will run before the end of meanwhile i've been tracking this project for 20 years if you the year. then in 2020, the other nine can believe that. will run. i'm shooting one in couple i signed agreement for four weeks, the last one. it will be bittersweet. different stores i know don a lot of love there. i love doing family stuff and i from, you know, from triple five do more adult stuff. people who run the business, i will make a movie. they have a mall of america the i will direct something. west mall which have roller i've been out touring because i want to do a new special. coasters in everything like that. that will be a soft r or pg-18. but i think it different this is new york. the world is changing. not minneapolis or edmonton i'm not trying to offend anybody
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which is hard. stuart: i watched "full house" don't have to go out to new with my kids and i watched jersey but everybody loves new jersey so i think water park "hollywood squares" when i first which looks spectacular isn't came to america. open yet and will be open within i wish you best of luck. i will watch "nashville squares" a month looks amazing that will be fun. with my grandchildren. but people say you want retail sure thing, man. to be experiment cial i think they're missing point. >> thank you. stuart: next hour of the point is shopping should be "varney & company." president trump addresses chicago police chiefs. he will sign an executive order more experience but not helpful aimed at fighting crime. necessarily to have a roller you will see him do it. coaster adjacent to store that's not the same thing. what you want to do is feel like you're on roller coaster or slide when you're in the store and doing this shopping. pay no n that's experience and by the way for online u.s. equity trades. you wearing your bathing suit -- are you going to sachs next you may have gingivitis. when you brush, or -- and the clock could be ticking towards bad breath, [laughter] i wish them awe of the well the receding gums, and possibly... question is really the next tooth loss. great thing or be a white help turn back the clock elephant i think the jury is on gingivitis with parodontax. out. >> hey, joe you're all right. leave bleeding gums behind. parodontax. thank you for joining us. check the dow 30 lots and lots ... of green. 27 of the 30 are in the green
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there up. just three, make that 28 in the green. the dow is up nearly 200 point. lawmakers warning that the app ticktock is a national security risk because of its ties to china. it is very popular with teens by the way despite concerns we have a guest who says it is the best social media platform out there. we'll let him make his case after this. this is the age of expression. but shouldn't somebody be listening? so. let's talk. we're built for hearing what's important to you, one to one. edward jones. it's time for investing to feel individual.
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stuart: welcome we are looking at a record-breaking stock market rally. a new all-time high for the s&p 500 and that the barometer that includes 500 of the biggest companies, nearly three years into the trump residency close to $10 trillion has been added to the value of american businesses, all the educators straight up. two big names moving. tiffany and that stock is up 30%
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and received a 14 billion-dollar offer from lvn h, front french luxury goods conglomerate separate life into luxury bran brands. look at microsoft. it won a $10 million cloud computing computing contract from the pentagon and amazon a stout, microsoft straight up. here comes politics. the president is now in chicago and speaks later this hour and you will see it. here's the backdrop it chicago teachers are on strike for an 11th date. the city has a budget deficit of close to one but in dollars in counting and it is credit rating is back to junk status and their public worker pensions are funded at just 35%. they have a pension crisis. chicago is number one in the country and what each household owes the system. it's a whopping $134,000 for every household in unfunded pension liabilities.
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president trump will address a group of police chiefs in chicago and sign in order at fighting crime. crime is a plague in chicago and the city that brought us that jesse select hooks. not quite the high of the cay but now up 176 that is yet protesters are excited about the city during his visit. two-thirds of one percent the dow by the way less than one percent away from an all time i wonder if the president will record highs. say more about the killing of we do have all time highs for the terrorist, abu bakr al-baghdadi. microsoft, at 144 actually hit 145 the s&p and apple all of them all time highs made this for the austere religious morning. scholar as the washington post called him and is there no end you've got to take a look at to the media's disgrace connect us get back to chicago. this is a headline from jeff flock is right there for washington post. us. jeff, set the scene. google ceo in leaks video says reporter: you have painted a company is genuinely strug pling with employee trust. that's interesting. matthew taylor is with us he's a director of the movie, the creepy line which is a google expo shea matthew welcome back to the program . >> glad to be here. such a beautiful picture of our wow would you assess this city, stuart.
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internal turmoil at google is a yes, some protesters are out here from the president trying that real? >> i think so. to have a rally here during the look google is pun ethical campaign this will be his first trip to chicago since being company that has stock employee elected but he tried to have that rally here during the campaign and was basically drowned out by the protesters. perhaps you see some protesters with pseudomorallistic virtual but more police officers than protesters and that is the way they would like it to be. you see that trumpet our they signaling people who are now are and this is where he will complaining about everything. hold a fundraiser in time after and this is a culture that has been cultivated by people like his speech and they blocked the streets off around the trump puchi now worried that everybody tower. protesters are expected but at in there who has said look this this hour it is calm in a is all about morality about, and beautiful city of chicago that does have money problems. ethics and now complaining about working with pentagon all of the other thing, of course, this is [laughter] stuart: it is a beautiful city going to be a problem for google l. and boy does it have money problems. well said. >> but it doesn't affect their i want to bring you charlie financial performance or market kerr, founder of turning point performance at all. no impact whatsoever on that. >> look it fends. where's the outrage for them usa. working with china. he lives in chicago. you explain to me what's going on here and you got all these clearly they have an issue with hiring people from dhs, but they ics in the city but they don't want the president to visit. have no problem with them working with china that rounds up millions of people a year. in silence is million people a what is going on? >> it is stunning. year so that could actually -- being from chicago the last time there was a republican mayor in affect financial performance if they can't move into china. chicago was 1931. citizens of chicago should be
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that's a market. throwing him a parade not stuart: speaking of china and chinese control china runs and owns ticktock. which is an app for creation small videos, extremely popular with youngsters i can tell you protesting. in chicago there are problems that for a fact and you like it. for things to president trump's progrowth agenda that you are seeing the lowest black on the you call it best social network planet, lois lacked poverty rate, lowest ever latino to around. permit so for the first time in but it's owned and run by china. long time chicago can say things doesn't that given you some are getting better but here's pause of concern? the great irony. >> absolutely, it does. under pres. donald trump chicago is doing far better than was look this was one of the first under barack obama in his own hometown of chicago. major plat formals to come out there are so many problems in of chiern and thing is that -- chicago. if they are out of china that the old expression chicago says if something goes wrong keep means that chinese government running democrats over and over. jurisdiction over things they do it seems they've exterminated metaphorically all republicans and clearly have started silencing content from about hong honk. so this is a problem and other problem is because it is such a throughout this one great city and i applaud the pres. for platform and so much fun and it coming into this very difficult attracts so much creativity it city at a difficult time to address the megan people. stuart: i still don't get it. is easy for this platform to spread superfast. and it makes u.s. platform like facebook and instagram seem that level of hostility towards a president who is clearly helped large sections of our country owing to a city which boring. stuart: ticktock is not publicly traded holy owned by chinese
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company i believe. has a multitude of crises which >> i believe. they can't get out of and go to >> do you know which one? the heart of it. why this intense hostility? perform bite dance. most valuable startup is that why? right? the world? in the world 80 plus billion >> been in the city and the suburbs of the city my whole dollars? life i can tell you the voting >> it is fun algorithms are patterns, think political great you can waste an hour or two on it without realizing it. diversity and it's almost as if perform waste -- voting for a republican is something completely unheard of. i'll tell my grandkids that. matthew appreciate it, sir. president trump has change that bernie sanders he continues his ended much better in rural war on wealth. illinois and back parts of the now he's comparing billionaires city the most republicans ever to drug addict. dreamed of. you see this happening where wait until you hear his latest comments. we'll bring them to you. millennials expected to become richest generation in history. people continually vote democrat. we'll tell you how much they're look at new york city and san francisco and los angeles. expected to inherit from baby boomer parent, and mainstream from a policy perspective opportunity zone, hundreds of many of the dollars are pouring media democrats not giving into chicago's most president trump any credit for disadvantaged communities things the operation that killed our al to the tax cut bill. you are seen individuals that were held wrongly in prison for a long time been successfully baghdadi my take on that is next.
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reentered into their community. the people of chicago should say i may not be the biggest trumpet and the world but hasn't made chicago a better place, something democrats have not done the last 20, 30, 40, 50 years. stuart: am i right in saying the superintendent of police or the police chief of chicago will not show up for the speech, am i right? i think so. >> i read that. the chicago police do a perfect job in such a hard job. they get overly politicized. under mayor rahm emanuel he went after the police after that horrible police shooting that happened in the police i talked to in chicago else as if they . . were under attack and being turned into the enemy but over 430 gun related that's a year in chicago. this is where the jesse small let hoax happen. this is the center of the much cultural and political controversy and member all charges were dropped for jussie
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smollett. he was never held accountable for misdirecting police resources and lying to the american people trying to state a hate crime to divide america. i'm glad the president is here and he will bring an optimistic message and will be warmly welcomed by the rank-and-file of the police here in chicago. stuart: i hope he's got something to say about the killing of abu bakr al-baghdadi. charlie kirk, think it will talk to you soon. let's get back to money. i will start with the s&p 500. it opened from the get-go in a new all-time high and we will be way up there for the dow, s&p s&p and nasdaq. guess who is here? charles payne host of "making money" on this network. thank you for standing and. >> absolutely, it's an honor. stuart: no work - nowhere to go but up. charles: i'm loving this market and the action and the underpinnings of this action. last week we talked about earnings and what percentage but forget about that.
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think about the stocks and how they responded to earnings. lastly, phenomenal. biggest movers electronic, sports car stock which is now 100 points in the last week, rb starks, winnebago through the roof. polaris snowmobile stock through the roof and even of harley-davidson through the roof. what do they have in common? things we don't need but we want. americans have so much money and were so prosperous and coming back into our wheelhouse and so confident about this that were out there by things like this and again do you know what had big weeks last week? autoship dealers through the roof. those docs are through the roof. it's amazing. that's what makes me think this will continue. stuart: this week we have earnings reports coming out with third-quarter gdp numbers and the jobs report and the federal reserve meeting on interest rates so what's the big mover to you? >> the fed will be the biggest
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mover. october 3, 2018 was when jay stuart: officially a rally. powell almost wrecked it all. he made off-the-cuff remarks in the dow jones industrial was 10:00 here in new york and all-time high and we lost 5000 7:00 in california. this is big day for money. big week for earnings. dow points. it is not the china trade war. dow industrials, 1% from it was the federal reserve. from october to that christmas all-time record high. eve bloodbath that was all jay look at s&p 500. powell with mystic medication, it hit all-time high earlier. apple, microsoft, those two dow stocks, they also hit all-time record highs this morning. so what we've got here on a monday morning as we get going while she thought she would not here, we have a nice solid rally continue to migrate last year into this year but started to model all of that and a change all across the board. now this. to generate for when he had an up if any is ready to change his tune with existing home sales frankly it was hard to going to the roof and home watch. democrats just couldn't give any credit to the president for the killing of the world's most permits have gone to the roof and there's a different feeling of enthusiasm. stuart: if there is any feeling brutal terrorist and when coming out of the fact that maybe we won't lower interest mr. trump appeared at the world rates rapidly that will be serious values. charles: first thing they have series game in washington he was to do is cut them. that's built into the wall
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booed. i don't think that will go down street psyche. if they don't cut. too well. nor will congressman adam >> then he's got to acknowledge schiff's impeachment hearings, his intelligence committee that we can't have this idea that the policies are preset and devoted entirely to getting rid that's where we felt with a of the president. i gee, i would have thought powell coming off in a few getting rid of baghdadi would be more important. occasions but the verbal no, the secret hearings will continue. mismanagement of what the fed anything damaging to the will do. president will be leaked. by the way you can do everything no wonder schiff was not told about the baghdadi operation. nor was speaker pelosi. if your quote unquote data dependent. we want the jobs to continue and she was left out of the loop. it's not just overall jobs she is not happy about it. because getting your total on the president said he did not tell the speaker about the raid, the planet where it's biting hard people to hire but people who are left don't want to work because he didn't want to quote have people lost. and don't have to have the work he would not risk compromising the baghdadi operation by giving skills. a heads up to the leader of the it's not operating machinery but hit the alarm clock to get to work on time. impeachment charge. democrats running for president scrambled to respond. stuart: you heard it from none had any praise for the charles payne the man who makes president. money on the foxbusiness gee, you would have thought network, bottom line, don't joe biden would say something sell. charles: there you go. positive. bottom line. after all trump rid the world of stuart: thank you. a terrorist whose rise coincided vice president joe biden sorry, with biden's vice presidency.
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the media? absolutely pathetic. former vp joe biden sending out "the washington post" published what it might be an sos asking a obituary of baghdadi supporters to dig deep. describing him as a austere religious scholar, dead, dies at 48. that shows you where these people are coming from. he's really having trouble none of this will change. getting big-time donors on the the impeachment drive and the board. is biden on the way out? if he is, does that mean a secret hearings will continue but the contempt, the elites socialist carries the democrat campaign black? what a story. have shown for the baghdadi another down stock hitting an all-time high, j.p. morgan and triumph will not be forgotten they are looking at moving staff especially when the left tries out of new york. is that another tax exodus? to remove the commander-in-chief i think it is with the boeing chief testified before the whose military chased down the senate tomorrow and is a great american comedy being taken down whimpering, crying baghdadi. i want to get right at it. bring in republican rick scott from florida. mr. senator, how do you feel about this? in these congressional hearings? i'm kind of intense about this. could be. senator ted fisher is on the 20 the man gets no credit for a the left the questions and joined us later this hour. we are waiting for president wonderful thing. trump remarks to the police >> first after let's thank chief and he will sign an president trump and military men executive order aimed at fighting crime and meanwhile, of and women put their lives on the course course we are following your money. we are up just 111 points but we line. those men and women put their
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lives on the line, 20 kill will take a triple digit gain. third hour of "varney & co." just getting started. baghdadi. he killed a floridian, steven sotloff. i'm appreciative what the ♪ turn on my tv and boom, president did. i'm concerned about the dog it's got all my favorite shows right there. injured and hopefully he will i wish my trading platform worked like that. survive and get back to health. well have you tried thinkorswim? you look at world series game this is totally customizable, last night. so you focus only on what you want. trump went up in the polls. okay, it's got screeners and watchlists. swamp in d.c. booking him. and you can even see how your predictions might affect this guy killed baghdadi and you the value of the stocks you're interested in. will boo him? now this is what i'm talking about. he is around military people. yeah, it'll free up more time for your... this is, this is crazy. uh, true crime shows? british baking competitions. then, think about it. hm. didn't peg you for a crumpet guy. nancy pelosi wants information focus on what matters to you with thinkorswim. on baghdadi but doesn't want to give any of the rest of us ♪ information on what is going on with the impeachment. they're hypocrites. crazy what they're doing up here. stuart: there is no sign that the impeachment drive will slacken off. there is every sign that it continues. does that mean, did you that mean we don't get anything out of congress, including the new nafta, usmca? >> stuart. this is, from the day trump got
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elected the left, democrats, we should call them socialists, they wanted to get rid of him. they wanted to impeach him, whatever. come up with something to impeach the guy. they changed the election in 2016 and make sure he down win in 2020. he is doing his job. the economy, you saw the stock market is on fire. the economy is doing great. in florida the economy is doing really well. stuart: hold on for us one moment, mr. senator. i want to bring our viewers news from hong kong. they are now over there, officially in recession. is that correct? susan: first recession since the global crisis 10 years ago. so the economy is being hit pretty hard by five months of protests and we're looking at tourism arrivals down by 50%. retail sales dropped the most on record. most violence this weekend. molotov cocktails, fires being set. usual routine, in response the police fired tear gas, rubber
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bullets, water cannons. given constraint on the honk economy. they will not grow this year according to the financial secretary. 0% growth. does that have effect on general support for on going protests, when economy is hurt, people losing jobs and businesses are falling. stuart: it could hurt the protests. they could clamp down on protests a little. >> maybe the end of it if the general population does not support it. stuart: that is interesting. senator scott, come in again please. earlier this morning president trump said phase one of the trade deal with china would be signed pretty soon and we're making very, we're ahead of schedule to sign that trade deal. what do you make of that senator? >> i'm appreciative of what president trump is doing, trade representative light highser is doing, i'm very appreciative but this is bigger than a trade deal. think about it. president xi has taken away basic rights of hong kong citizens. he wants to do the same thing in taiwan. he put a million people in
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prison just because of their religion. you have seen articles about organ, not donors. people's organs are being taken out of their bodies, killing them to create a market. this is a guy, xi is building a military with the goal to defeat us. i think this is way bigger than a trade deal. stuart: world series game five i appreciate what the president held last night in dc and want is doing. let's be realistic. hong kong, communist china will to show you this clip. never comply with anything. watch closely. a man catching a home run while think about it. they committed to buy soybeans holding to bud lights. a difficult trick but he didn't. earlier this year. did they do it? welcome to the show, liz. of course not. headlight is trying to find the communist china doesn't do anything they say they are going to do. i'm glad they're trying. hero. >> they are saying he's a hero nothing good will happen. stuart: senator scott, always a pleasure. thanks for being with us, sir. to beer triggers worldwide. his name is jeff adams and very couple of stocks we have to check. funny about this and says the first of all at&t, they reached a truce with the activist investor elliot management. astros did not hit it hard at&t commits to regular stock enough so i could take it with my chest. he set his little league coach buybacks two, new directors on taught him to do that how to the board. the ceo will stay at the helm. take it with the test and double fisted under those bud lights and do not stop them.
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stuart: look, the president and den gartman, of "the gartman and first lady were also at the letter." game last night. you got to tell us what was the dennis, i own a little at&t, i crowd reaction? >> they booted them. bought it because of 5% dividend this is not the district, he i'm earning. do you like at&t here? >> you have no choice but to only 14% of the vote in dc and like at&t. arrived at about the word ending first of all elliot management forced this movement for at&t to with the first lady and when he was announced he was booed. step up to buy the stock back to where you come down on this? increase the dividends, you owe it to one of the smartest guys you stay with cnn saying the president is on presidential so on wall street, paul singer. to done exactly that. every reason the dividend will we should be booed or is about the office of the presidency and advance. if you have respect for the every reason with the stock office of the presidency. price to continue to advance stuart: i say it's about the taint, you will still be above office of the presidency when 5% or 4% annualized return. the masses just announced the killing of the world's worst it's a great dividend. probably safe for years to come. terrorists and appears at a every reason to be buyer of baseball game game and the crowd at&t. boos him? even at today's sharp rally. that's outrageous. no question. stuart: can you give me the big picture, dennis. >> here just announced the because i'm interested in killing of the isis and chief whether or not the baghdadi leader. stuart: big press conference. the man is that we got in. killing is a plus and helping the market? and they boo him. it brings me to our next guest what do you think?
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>> no question. it changes the attitude. i heard people on the program and i want to see what he has to this morning saying that it had say. max, conservative union chair, very little effect. it had a great good deal of i'm appalled that the president effect. certainly a positive should be booed at the circumstance. announcement of the killing of the fact that you have killed a abu bakr al-baghdadi and horrible terrorist in the world, that relieves a great deal of appalled that he gets no credit from anybody on the left for what he did. pressure. good for psychology. >> it is where we are. i've been thinking recently is can't be anything other than good for the stock market. like we have a cold war within stuart: i want to talk about facebook. america. we're not shooting bullets but i believe you're saying libra, the cryptoc oblivion as this animosity is to a point where we lost our manners. we are - we look for opportunities to be impolite. i'm partisan in this. i think the left has become hateful and they're not open-minded don't want to hear a different point of view but want to attack. they hate this president and everything he stands for and those who support him then let him or. stuart: one was up resident right to not inform speaker pelosi about the rate?
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>> i don't think he has must choice. they're trying to impeach him for crimes and even after 2.5 years of years of mueller and now that ukraine thought they can't find crimes and if he has conversation with adam schiff as the chairman of the intelligence committee or the placebo able use any word that they think is over the line or interesting in this quest for impeachment. it is made any communication and working together and or stop and that is the reason the patient is so irresponsible by pelosi. stuart: does the president's political stock go up following this raid and following that success and triumph when we go forward in congress with the impeachment tried still in full force, secret hearings still going on, and absolutely nothing getting done in congress and even u.s. mca? doesn't his stock rise in the circumstance?
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>> i completely agree with you. they are not coequal branches of government. the president of the united states has the most power of any elected official in our government and is our commander-in-chief. and he can make decisions like on the executive order that he will find today. this assassination of this terrorist, who is not an austere religious leader like the washington post said but is a stone cold killer and a terrorist and killed his own children and is a horrible human being and we should applaud the president for what he did. i think the main people out there in flyover country in right america where i come from i think they can see this for what it is. the meat boo him out of baseball games and the swamp but the people around the country know he's fighting every day for the agenda they care about. stuart: you wrapped it up nicely. thank you for joining us. thank you. i got couple of stocks to check. the stocks are moving big-time today. start with roku up 7%. bank of america getting a buy
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rating and that is just as apple gears up for the release of their screening platform on friday. roku is up 7% nine dollars with 143. beyond this meat beyond his meat has announced a new partnership with denny's. for their own fake meat burger that will be in all essentials locations earlier this week and on following the company reports its earnings after the bell today. right now it is dead, unchanged at $100 a share with moments from now the president will take to the podium and he will address police chiefs from around the country in chicago. protesters are gathering but not many of them but we had the full story for you. we will follow the wildfires in california. blackouts, integrations and even lebron james stepped up in it. we'll take you to the of endless area like any moment. ♪
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the buyer is now threatening one of los angeles most famous museums. robert gray is right there. tell me the latest on the museum fire, please. reporter: f, stuart. the getty fire they are calling us and we were just at the base of it getting closer into that neighborhood but they moved us farther away they are getting a perimeter protecting the homes along the ridge line. the wind is shifting and was blowing to the west and now you are standing on sunset boulevard looking out over the four oh five and there is a plane in the sky and they been getting aggressive with helicopters comn trying to put this out so it does not blowback and jump across the 405 which is a big concern for the fire with your, screwball fire two years ago. getty museum up there on the top of the hill to my right we were in the neighborhood just behind there and the firemen managed to create a permit or to say that
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the homes of their but basically from here all the way to the ocean they have been evacuating including lebron james and he mentioned that lakers and he tweeted out at around three or four am that he had to evacuate and cannot a hotel but did find accommodations and getting a shot out to the first responders who had been after battling the blazes since the wii hours. but more dire situation of north in sonoma county, can kate fired continue to expand with 66,000 acres burned and 33,000 firefighters battling the blaze there and lost at least one winery and several structures and about 500 firefighters plus the air support as they tried to get this under control to stop it from spreading further. stuart: stay on it. robert gray in los angeles but what a story. millennial's. go straight at it. millennial's could inherit $68
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trillion worth of wealth by the end of the next decade and could become the richest iteration. we got the full story and 60 trillion will get your attention. when out in the waiting mode and when president trump takes that state and addresses that podium we will take you right there. ♪ 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. but maybe not for peoplesons with rheumatoid arthritis.se. because there are options. like an "unjection™". xeljanz xr, a once-daily pill for adults with moderate
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stuart: we are holding on to a triple digit wind with the dow up 120 points and we will take a break that out that 27,000 and 77 roughly 300300 points away from the all-time record high. how about this from j.p. morgan connect huge bank considering moving thousands of jobs for people out of new york. it's all about taxes. >> all about taxes. jamie diamond has talked about the high cost of operating in new york city in the conference call jp morgan chase said that there are more j.p. morgan chase fingers and workers in texas than in any other state outside of new york and more job listings for j.p. morgan workers in texas more than new york, new jersey, connecticut combined.
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the buildup - buildable audio rejected subsidies for j.p. morgan and plano, texas has stepped up to give tax breaks and a percentage of that. stuart: j.p. morgan is moving - what about goldman? >> deutsche bank has been moving people to florida and so here's the story. new york is the finance capital of the world and the democrats running it are ruining that. if bankers and their workers leave them in tax rates naturally go up quickening the exodus out of new york. stuart: they will never learn. they treat wall street as a cash cow to the heated but take the money. thanks so much, liz. new reports that former vice president biden is strapped for cash losing donors to maher people what is the story? story? >> to kamala harris and to the frontrunners bernie sanders and elizabeth warren. cash on hand. for former vice president biden is $9 million.
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he spending a lot more than he is taking in. a lot of voters equate cash on hand with the status and power of your campaign so what does this say about former vice president? cory booker said last week you getting calls from former biden supporters looking to hedge their bets. stuart: looks bad for joe biden. if you can't raise the money he can't run a good campaign. it suggests that if he fades far left candidates will come to the four, sanders and warning. look who is here. david, chair of gopac. welcome back. you would love to see the president go against senators warren and or sanders back their policies would draw a contrast to what they are - think about this weekend. americans are more personally and economically secure over two things, abu bakr al-baghdadi being killed help their personal security whereas the news that a
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china deal is almost practically in place and you see today the where it is people's economic security continues to get better and better. all of that said, joe biden must be heartbroken that justin trudeau got endorsed by president obama before he did. stuart: what about hillary? talk about hillary clinton. she keeps making headlines of various sorts a lot of people say she's running and wants to run. you would love that, wouldn't you? >> she might want to run but at this point where does she get the key intersection and the staff. the donors, as you pointed out, are lining up with mayor pete and sanders and warren and biden. it's hard to see someone getting in and being credible. if there is someone it could be her former nominee getting back in but there doesn't seem to be
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interest in another clinton campaign. stuart: i think there's a greater likelihood of someone like bloomberg, former mayor of new york, multibillionaire. >> running as an independent. stuart: if ut see two socialists running the campaign that's extraordinary. >> but the majority of the voters are okay with socialist views, 51% so they are not as opposed as you might think. stuart: david, hold on. thank you. i i want to go back to chicago. the president is about to speak to police chiefs from around the country and that is take place in chicago. i believe the man who is introducing the president is now speaking and should be up shortly. the president will come up and speak and we will take that speech from there on out. what do we have now? joining us now senator deb is her, republican nebraska who will be asking questions of
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boeing's ceo tomorrow. sen., thank you thank you for being on the show today. is this line of questioning for boeing will be in fact the takedown of a great american company and what you say? >> i don't view it that way at all. i think what we need to do is get to the bottom of of why we sought to crashes of the same model plane in a very short period of time. the american public needs to know where travel is a safe and that boeing is a good company and we need to see what is the cause of these crashes. was it an error in the certification . stuart: i'm tart turkey sorry to interrupt you but the president is taking the podium and we will listen. two. >> thank you. thank you, paul. even my friend for a long time but thank you for that introduction. i think there is nobody that has
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done more certainly in the position of president for our great police and it's an honor to be with you. please, sit down. have a good time two. [cheering and applause] >> i want to thank paul for nearly four decades of service in the line of duty. and there to be here at the 126 annual conference of the international association of chiefs of police joined by thousands of american law-enforcement leaders, people i know and love and that i respect who defend our committees and chase down kernels and keep america safe. you don't hear it enough and you do an incredible job and the people of this country know it and the people of this country love you. you don't hear that from these
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people back here but they love you. you don't hear it from the fake news and the fake news does not like to talk about that but they love you. everyday of my presidency i will be your greatest and most loyal champion. i have been and i will continue to be. it was a tremendous weekend - [cheering and applause] as you very well know it was a tremendous weekend for our country. we killed isis leader abu bakr al-baghdadi. [cheering and applause] they been looking for him for a long time and have been looking for him for many years and he was a second-grade man and now he is dead. [cheering and applause] he is dead. dead as a door nail.
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he did not die bravely either. i will tell you that. he should have been killed years ago and another president should have gotten him but to me it was a very important and i would say all the time and they would walk into my office and said they were killed this leader in a lower level and i said i never heard of him but i want abu bakr al-baghdadi and that's the only one i know now. get him. and they got him. but he was big-time and built the isis caliphate and you hear about isis, that was him. it was once the physical size of the state of ohio and had 7 million people and it was growing big, big, big. they had a problem. it started 2.5 years ago. [applause]
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during my administration, i and we are together, destroyed the caliphate, one 100%. remember i got it down to 97% and said let's go home. then the people said 100% and for me they did not care. but now they say what about one 100%? and we met great generals and i learned a lot about generals and met some good one and saw some bad ones and some that did not have what it takes and others that had more than anyone would have thought. it was supposed to take a year or maybe even to and i said how long will it take and can we do it in one week, sir? and he was more like evil. we have now tens of thousands of isis prisoners under tight supervision and now we want the countries in the region to
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police their own borders. we don't want to be a policeman in this case up to countries that have not gotten along for centuries. we are keeping the oil. i always said keep the oil. we want to keep the oil. forty-five dollars a month, keep the oil. we are delighted to be joined by a lifelong friend of our brave police or credible guy, tough guy. somebody with a tremendous heart also but he is strong and can take up the attorney general william bar. where is william barr? [applause] thank you, bill.
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you are doing a great job. we are also glad to have with us or percentages ronnie davis, darren lovett, warriors, where are they? they are warriors for us. for all of us. they are warriors. tank you. they have done an incredible job. thank you to the entire ia seaport and congratulations to your new incoming president, chief stephen stevens. nice name. i like that name. where is he? he should be sitting right up front here someplace. standup, stephen. there you go. thank you very much.
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i hear you are incredible either thank you to the international lawn for smith partners who joined us together our nations insure the rule of law, prevail in the entire civilized world and we work together and i also want to extend our immense appreciation to all the law-enforcement family members in the room, the family members make you all work. they are so proud of you. family members, please stand. [applause] i know how that looks. without those family members you would not be doing so good. i know that. there is one person that is not here today.
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or in chicago. i said where is he? i want to talk to him. more than anyone out this person should be here because maybe he could learn something. that is the superintendent of chicago police, eddie johnson. a few days ago johnson said quote, the values of the people in chicago are more important than anything president trump would have to say. i don't think so. that is very insulting statement and after all i've done for the police and i've done more than any other president has ever done for the police. [applause] over 100 years we can prove it but probably from the beginning here's the man's they cannot bother to show up for a meeting of police chiefs, most most respected people in the country
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in his hometown and with the president of the united states and you know why? because he's not doing his job. last year 555 people were murdered in chicago. since eddie johnson has been police chief more than 1,500 people have been murdered in chicago and 13,067 people have been shot. during the first weekend of august 2019, 7 people were murdered and 52 were wounded and 32 shootings in chicago. recently they had 78 shootings over eight weekend spree and three people killed. chicago has the toughest gun laws in the united states. that does not seem to be working too well, does it?
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a lot of you people know exactly what i mean but under johnson's leadership they certainly do not protect people and then you have the case of this wiseguy, jussie smollett who beat up himself. [laughter] he said an ada country did it. he said that they hate crime. that's a hate crime. it's a scam. it's a really big scam just like the impeachment of your president is a scam. [cheering and applause] then you look at what is going on, jesse small at is still trying to get away with it and would have been better off if he paid his hundred thousand dollar bill. chicago is unfortunately the worst sanctuary that he in
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america and chicago projects, most at a level you could even imagine. last year in cook county alone ice asked local law enforcement people to please, pretty please, we beg you, we will do anything necessary to stop crime and we want to stop crime. please detain 1,162 people. please. in each case that detainer was denied and eddie johnson wants to talk about values. no. people like johnson put criminals and illegal aliens before the citizens of chicago and those are his values and frankly, those values to me are
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a disgrace. i will never put the needs of illegal criminals before i put the needs of law-abiding citizens. it is very simple to me. [cheering and applause] so, when eddie johnson and many other people from lots of other regions and areas support sanctuary cities it is in my opinion a betrayal of their oath to the shield and a violation of his duty to serve and protect the courageous police officers of chicago. i know some of them and they are the most incredible people. they could solve this problem quickly. it is embarrassing to us as a nation.
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they're all over the world talking about chicago. afghanistan is a safe place by comparison. it is true. police officers of chicago are entitled to a police superintendent who has their backs and knows what he is doing. you are entitled to a police superintendent resides with you with the people of chicago. the people want this. with the families of chicago, not the criminals and gang members that are here illegally and not the stupid politicians that have no idea what the hell they are doing. [cheering and applause] but i will tell you a quick story. it happened right here and i was impressed with a certain person, whoever that person may be, i'm sure we could find him but about three years ago i was leaving
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chicago and i was accompanied by a massive motorcycle brigade of police men and to do that i had to volunteer because i guess most people say enough to volunteer. i had a lot of volunteers. hundreds and hundreds. other candidates have not and it's almost like a free pole. hundreds of them in chicago is in the news a lot just like it is now because of all the killings going on in the shootings and horrible things. when i arrived at the airplane the police officer asked whether or not it would be possible to have pictures and before i won the election i could do that and i could do that routinely but now it could serve as a problem but if it was up to me i would do it but it was just before and might've been president-elect
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and it wasn't long ago but the leader of the brigade was this really powerful strong looking guy and big booming voice and was definitely the boss. do we know what that means? put your cycles over here. let's go. it's go. hurry up. come on. yet they all loved him. they loved vince and barty and bella check and they loved coach belichick and certain people. it's called respect. but he was very respectfully shouting at his men and, not go and they were doing exactly as he said and he was the guy. just as i'm boarding the plane i asked this man and i had a lot of respect for him myself because i thought the way he was and was not doing anything wrong but just the boss who was a respected person. i said skews me, come here.
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what the hell is happening in chicago? he said it's very sad, sir, very, very very, very sad but i hate to see what is going on and i love this city so much but i hate it. i asked him what you think the problem is and he said there is no leadership from the mayor and there is none at the top of the police department. they are afraid to do anything. he said we have great police, sir. the best in the country. you all feel that about your police but he said that but we don't have the leadership at the top and it's so sad. i said you're a tough guy so how long do you think it would take you to fix this killing problem in chicago? he looked at me and said one day, sir sir. these cops are great and know all the bad guys and know what to do. we could straighten it out so quickly that your head would
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spin. i left very impressed whether it was one day, one week or one month no doubt he could have done it. i told the story numerous times and sent his name into somebody involved with chicago. that's the last time i heard of that man. he's probably got a good job someplace outside of a police force and. [laughter] i'm sorry to do that to you but he's probably happy. he's happy. he does not have to put up with the nonsense that you have to put up with. i thought there's a guy who could be your police superintendent into a hell of a job and would straighten things out so that was years ago and i was thinking about it and just thought about it on the trip
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over and said ongoing to chicago and want to tell the story because it was a great story because you could fix this up so fast and the leadership would be pretty easy to find but you have a lot of people right now in the permit and i love when they go to other parts of the country and hire people and then they don't know the name of their most basic. they go all over the country and hire somebody and comes in and says where's our headquarters and what does that mean and where is it located? incredible people in the police department of chicago and i know some of them. i met some of them. remember, 555 people were murdered last year and it's a shame. i want eddie johnson to change his values and change them fast. [applause] today we are here to report on the outstanding progress we have made to combat violence crime
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and restore peace and safety to american cities. most cities are setting records for good crime numbers and in the years before i took office outrageous slanders on our police went unanswered and unchallenged from your leaders in washington. you know that very well. radical activists freely trafficked in violence in anti- police hostility in criminals roof only more emboldened as a result. in the two years before my election violent crime increased 8%, murders were up by more than 20% and going a lot higher nationwide. the steepest two-year consecutive increase but with your help, all of that is changing and changing very rapidly. under this administration we're once again standing up for law enforcement. we're condemning anti-police
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bias in all forms, we're giving you the support, resources and the respect. we have tremendous respect for you. the respect that you deserve. [applause] together we have taken bold action to reverse the tide in violent crime. over the last two years the number of murders in america and america's major cities has dropped unlike here by more than 10%. if we ever took the chicago numbers out of our total numbers, the numbers would be incredible and they already are even including chicago. the nationwide violent crime rate declined for two consecutive years. during the same time number of burglaries was reduced by over, think of this, a quarter of a
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million. so a quarter of a million leesburg laries. it is a big number. i also helps that we have the strongest economy in the history of our country. that probably helps. take a little credit for that. [applause] it was just announced as i was getting off the plane that the s&p has hit an all-time high, the highest in the history of our country. [applause] that is not for rich people. that is for everybody. that is your 401(k)s. think of that, i have again a great love for the police and in new york i was there not so long ago. this was before it went as high as it is now. this policeman, i like to shake hands after an event, not that i like to, i do it because i respect policemen and they want to shake my hand, and fire marshals, people in different
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stadiums. but i was at an event in new york and came out, i was shaking hands, this one policeman said, i want to thank you. why? my 401(k) is through the roof. for the first time in my life my wife thinks i'm a financial genius. that's true. it's true. [applause] said he was up 72%. i said that's not bad. he said, she always thought i was incompetent financially. but you have made me into a genius, sir. he hugged me. he wanted to kiss me. no thank you, but you can. not my deal, but that's okay. [laughter]. but he was great. it gave me an idea, you know, this is about 401(k)s. many of you have 401(k)s. does anybody in this room have a 401(k) that's down? raise your hand, please. does anybody have a 401(k)
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that's up? [applause] everybody. i don't know what you would have to do get one that is done but you have to be very bad. they're up 70%, 80%. last year my administration charged the largest number of firearm defendants ever recorded in the history of our country. bill barr's doing a fantastic job. we have increased federal, that's right, go ahead, let him hear it. that's good. [applause] i say let them hear it because he hears from the fake news back there all the time. they want to silence everyone. you know. except for their very strange opinions. we went with that, you wouldn't have a country very long. we have increased federal firearm prosecutions by 44%
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compared to the last two years of the previous administration. this is a record, a new record. two years ago we relaunched and retightallized project safe neighborhoods. federal prosecutors are working with state and local law enforcement, with all community leaders to target crime in most dangerous areas and lock up violent offenders. in coming weeks attorney general barr will announce a new crackdown on violent crime which i think is so important. targeting gangs an drug traffickers in high crime cities and dangerous rural areas. let's call it the surge. we can come up with lots of names but we'll be doing something very dramatic, headed up by our great attorney general. you're going to see tremendous results very quickly. the best way to reduce gun violence is to put criminals with firearms behind bars.
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