>> every day i just continue to windows. free for prime members. marvel about this u.s. economy. amazon as you expect calling lowest interest rates, lowest this a game-changer but they are inflation, lowest unemployment trying to fight back against in 50 years and record stock walmart that offers two-day market. what is not to like? shipping without subscription maria: you're right. fees at all. dagen? >> as people go about their but, this is going to be costly daily lives they care about how for amazon. much it costs to fill up their it will cost them, double their car, how much they are earning costs to 1 1/2 billion dollars, and the safety of their family, but that is a major development. not impeachment. maria: that's true. stuart: sure is. two hour delivery. guys, great shoech. check the big board. thanks so much. we're still up, modest gain. "varney & company" begins right now. stu, take it away. stuart: good morning, maria. 40 odd points. good morning, everyone. roughly halfway through the s&p real close to record high territory. same with nasdaq. profit reporting season so this is a rally across the here's the score card so far. board. we'll be back after this. top line revenue, that's the money coming into a business, up from last year. the bottom line, the profit businesses make, up from last year. consumers are spending, the economy's growing and american business is doing pretty well. that's why the market remains at or very close to record highs. the dow opens this morning, maybe with a small loss, but it's still just, what, 1% away, roughly 1% away from its high. the s&p hit new highs yesterday

and will only be down a fraction at the opening bell today. the nasdaq, that is four points away from its high and will be up nine at the opening bell this morning. across the board, stocks remain strong. all right. now, i'm going to show you three well-known companies that are big losers today. first of all, grub hub. ouch. down, what, 33%. each day our planet awakens with signs of opportunity. it's forecasting weak sales in the future. but with opportunity comes risk. beyond meat, down about, what, and to manage this risk, the world turns to cme group. 20 bucks right now. $20.73, 19%, even though it we help farmers lock in future prices, reported a profit. today's the day when insiders are allowed to sell. banks manage interest rate changes google, that's down even though all so they can manage their risks and move forward. it brought in $40 billion worth of revenue in just three months. it's simply a matter of following the signs. that was up 20%. the stock is down, now it's down they all lead here. just a fraction. cme group - how the world advances. better take a look at boeing. its chief, dennis muilenburg, takes a grilling on capitol hill today. you are going to see a great american company fighting for

its future. the stock right now, just down a fraction. all right. politics. the house is going to vote on a resolution laying out the next steps in the impeachment process. it is not a vote on impeachment, but it will put a lot of pressure on democrats representing districts that voted in 2016 for mr. trump. and we have two items about joe biden. number one, he's issued a statement saying that take-down of al baghdadi had little to do with president trump's leadership, but leading democrats are reportedly warning him about a humiliating loss in the upcoming iowa caucuses. you see? money and politics, that's what we do. "varney & company" is about to begin. stuart: let's get going. here is how the market's going to open today. first off, the s&p, that is in

record territory. the dow and the nasdaq, not too far behind. joining us, james freeman, "wall i need all the breaks as athat i can get.or, at liberty butchemel... street journal" editorial board cut. kind of guy. aren't you? liberty mu... line? >> yes, sir. cut. liberty mutual customizes your car insurance stuart: opinion sort of fellow? >> i try to mix some facts in so you only pay for what you need. there. but yes, opinion, that's what it cut. liberty m... says at the top of the page. am i allowed to riff? stuart: see if you agree with what if i come out of the water? this. we have prosperity now and the liberty biberty... cut. we'll dub it. one thing that could really screw it up is politics and liberty mutual customizes your car insurance politicians. what do you say? so you only pay for what you need. >> you are 100% correct. only pay for what you need. stuart: thank you very much ♪ liberty. liberty. liberty. liberty. ♪ indeed. >> that's often true. that old saying about capitalism is what people do when they are left alone. we have big threats really from both parties. you look in the democratic primary, we have promises of much bigger, more expensive, more intrusive government and on stuart: there is one sure way to screw up a good thing. the white house side, we have a bring in the politicians. costly trade fight. i think the president has made a look what we have now, a growing good case that china has to be economy, full employment, addressed, a lot of problems rapidly rising wages, stock there that have been ignored for market record highs. how do you screw that up? years, but there's no question that is a drag on investment you bring in the politicians. right now. think about it, please.

stuart: do you think the market our businessman president has would sell off if either senator engineered prosperity. warren or senator sanders were our political leaders seem hell-bent on killing it. the nominee for the democrats? the democrats running for the would that be kind of the writing on the wall that we have presidency all propose massive all got trouble here? >> clearly that would be a tax increases. that's how you kill an economy. negative for markets. people kind of wonder when does you tax it to death. the democrats running for that start getting priced in. it's very unclear now whether president want to phase out fossil fuels. that's how you kill cheap either of those candidates might have the ability to go the gasoline. that's how you end america's distance, but yeah, you're going to see it probably initially in energy dominance. that's how you take money out of health care stocks, but then everybody's pocket. the democrats in congress want spreading to the rest of the market, energy, finance to impeach the president. that's how you slime him so especially, very much targeted in the rhetoric and policy plans badly, he loses the election and from warren and sanders. a socialist occupies the oval stuart: so watch politics if se. office. over the next year, we are going to see a contest between the business way to prosperity and more for you in a second. i want to go through some of the political road to ruin. these stocks. grub hub down big, it gave a what the fed does with interest weak outlook. rates, very important. it's feeling the heat from the got it. how foreign economies perform competition that's coming at it. also very important. anything more on this? got it. lauren: let me tell you what the ceo said because it's rare you these things do affect us. hear a ceo speak like this. but we have reached the point where a stark choice has to be matt maloney says we are in a

weird bubble that is about to made. are we going to keep prosperity burst, speaking of food going, or let politics screw it delivery, adding investors are up? just in case you're wondering, growing skeptical to invest money in the wake of wework so i'll go with prosperity. the third hour of "varney & company" is about to begin. he's saying the market is tainted because of wework, when you're trying to bring new money in and look at the competition from door dash, from uber, from postmates. they are cutting fees which means that grub hub has to cut their fees, that cuts their profit. so their guidance on the current stuart: first, your money. look at it. quarter is down and so is the s&p, another all-time high. price. stuart: ouch. nasdaq, pretty close. down 32%. the dow industrials turning good one, lauren. thanks very much. next case, google. around, up 54 points. how about that. they came out with a pretty we've got a very strong stock strong growth in their online ad market. come on in, danielle dimartino sales. that was offset by rising costs. booth, former dallas fed the stock this morning is down just a fraction, $1281 is the adviser. welcome to new york. good to have you sitting here price as of right now. next to me. >> great to be here. stuart: you agree with me, you ray wong is with us, tech can screw up prosperity by letting the politicians in? watcher. you always like these big technology companies. >> you can, and you can also if i'm not mistaken, you think screw up prosperity by also letting the fed be too intrusive google goes to $1350 a share. that's your target price? into what should be natural tell me why you are so bullish.

>> i do. market functioning. this is a trillion dollar i'm hoping that the increased unicorn. here's why. amount of liquidity that the fed youtube is still on fire. continues to pump into the growth rates are still at 20%. market is temporary in nature and that we don't have to rely there's a lot of free cash flow sitting around. on it as an economy that we are they also have $105 billion in able to stand on our own. cash on hand and have been doing stuart: you raise a very good a great job on stock buy-backs. point. here we have a growing market -- add those combinations plus sorry, a growing economy, full their entry into other areas, this is the other category, employment, no inflation, google cloud has huge potential relatively low interest rates, for growth. and a stock market that's at they are restructuring the sales force, trying to go after the record highs. enterprise play and they are up why do we need rate cuts now? against a big cloud market. because that's what everybody then we've got this rumor of a says we need and we're going to get them. >> we are definitely going to fitbit acquisition. get a rate cut tomorrow and i stuart: tell me about youtube. think jay powell would like to i always thought that was just actually side with the president ripe to be monetized and just bring them in a fortune. and step back after tomorrow. i don't think jay powell is in are they there yet? favor of a december 11th rate >> they are. cut at all. youtube is actually the second stuart: do we need a cut fastest growing area with mobile tomorrow? with the economy doing what it's search than youtube in terms of doing -- >> the economy is doing what revenue numbers. it's doing but we are also they are actually the dominant starting to see, you know, we have had two very weak months in video platform. that's a lot of the signal that manufacturing. three is kind of a trend and we actually gives them -- helps are also seeing a decade low in them figure out how to sell the ads and what's trending. stuart: one last one. indications for hiring and services.

fitbit. that's four out of every five there is a report that google's jobs in america. interested in buying them. so confidence is definitely is that confirmed? taking a hit. are they actually going to do we don't want to see a it? >> you know, i think there's a progression continue so i do lot of rumors about that. think right now that the markets it's because they haven't launched their pixel watch, and believe we need a little bit more insurance, a little bit they also spent a $40 million more cushion just in case some investment with fossil to figure out a lot of the watch of the slowing trends we see are to grow. technology, wearable technology that's out there. so there's a lot of rumors that stuart: aren't we forced into a series of rate cuts, though? they are buying that in order to get into the health game as well let me explain that. over in europe and japan, as the wearable space, which they've got negative interest there's 157 million wearables rates. without going crazy here, that that will be sold on smartwatches alone for this means that when you lend money year. stuart: ray wong, the permanent to the borrower, you actually pay the borrower, which is bull on big tech companies. thanks for joining us. incredible stuff. see you again real soon. next case is apple. which means they are putting pressure on us to lower our it is a dow component. rates. got that. that's where the pressure is it's in record territory. coming from, isn't it? tomorrow, it rolls out the new we've got to conform to them. >> well, i don't think we have air pod earbuds. to conform to anybody, necessarily. i'm fascinated by these things. we certainly don't need to be forced to follow another country what do they do? down the rabbit hole. lauren: supposedly they are especially if our interest rates supposed to have noise are holding up in a fairly cancellation which is remarkable for such a small device. decent way, a fairly behaved you wonder why they didn't have way, which they are. it in the first version which in fact, i would add to this actually only cost $149. that alan greenspan in 1995 and these are going to be $249.

1998 was able to pull off what jay powell is hoping to do, so there you go. which is to have a mid-cycle adjustment, come in, give three stuart: mass sucking in of rate cuts in a row and step back and let the economy continue to expand, let the financial breath right around. ashley: i think they're great. markets continue to rally. i really do think he's hoping for a repeat of that kind of jackie: they're fine. stuart: but if you spend $249 on '95-'98nirvana fed intervention these new things and you lose that's temporary in nature. one of them, you are up the stuart: if you get a quarter point cut announced tomorrow, you think that's highly creek. jackie: yes, you are. likely -- >> 94% or so, yes. stuart: thank you. i think this is a fascinating stuart: we are off to the races story. after that? we're fine? everybody can relate to this. the economy will do just fine? everybody has walked down the we will pick up the growth rate all over again? street and seen the earbud, >> this is all in theory. there are a lot of things right whatever you call them. now working against our economy. jackie: the "wall street we don't necessarily exist in a journal" wrote a piece about how these for millenials are a vacuum. the chances of a recession in status symbol, sort of showing canada have increased markedly. their wealth, showing they are plugged in. if you don't have the air pods, the same is the situation in mexico. we are not just talking about china and germany anymore. you look like a dinosaur. we are talking about economies ashley: they are noise slowing at our northern and canceling, there are so many southern borders that are our largest trading partners as people walking around new york with these things, a lot of them walking into traffic. well. and you've got the car industry it's going to be dangerous. slowing. stuart: know what i did? i'm hoping this general motors i've got my eyes on my phone.

strike is something that the i walked straight into a economy can shrug off and move past quickly. lamppost. stuart: okay. lauren: did someone get it on but a quarter point cut tomorrow -- video? i would love to roll that. >> absolutely. stuart: -- is fine with you, then we are off and running? stuart: let's get to breaking economic news. i think we have news on housing prices. >> we certainly don't want to disappoint the market. he would shock the market if he ashley: case shiller, heating up were to not do that. there's no shock and awe with in august, 3.2% from 3.1% gain monetary policy. no, no. no, thank you. in july. stuart: thank you very much for but in the nation's top ten joining us. >> thank you. stuart: all right. cities, down. not as much in the larger cities in this country, but i guess on capitol hill, dennis muilenburg, boeing's chief, elsewhere, the prices have been rising which is interesting. stuart: that's the tax exodus. testifying before the commerce committee of the senate. this is all about the failures of the 737 max jet. if you have been following it, ashley: quite possibly. look at the stock price of stuart: texas, tennessee, florida. boeing, bottom right-hand corner. it started to go up again. all right. we've got general motors. now the stock price is upbolton now, they have already reported first thing this morning. the stock is up 2.25%. headlines. deirdre: this is such an emotional day. it's a tough day of course for the strike cost general motors the ceo, emotional day for the families. this is the one-year anniversary $2.9 billion. that is for the full calendar of that lion air flight that year. stock's up a little. went down after it took off from merck raised its forecast. indonesia. but you have sir richard

blumenthal saying moments ago keytruda doing very well for referring to these planes as them. that stock is up 2%. flying coffins. pfizer, another big drug so you put that language with company, also raised its the families of the victims who guidance. that stock is up 3%. that is premarket. are there on this one-year anniversary, anybody who lost somebody they care about knows add it all up and here's how the how painful those anniversaries overall markets will open this are. morning. stuart: i'm sorry, that's over futures showing a gain of roughly -- sorry, a loss of the line. i'm very sorry, over the line. maybe 40 points for the dow, a deirdre: you have obviously families there with photos of fractional loss for the already record high s&p. look at the nasdaq. their loved ones. honestly, it's just a hea up again. if it opens there, it will open heartwrenching day. obviously it's difficult from a at a new all-time high. corporate perspective but the ceo, even though he was stripped boeing, the company's chief of his chairman title, was asked will testify in congress about point-blank will you be -- a lot mistakes that led to two fatal of people are calling for his head, and so he's saying -- plane crashes. that's dennis muilenburg. stuart: what you are looking at the stock down a fraction ahead of that. is political theater. that's the families of victims we will show you dennis showing the victims, their muilenburg's opening statement at the top of the next hour. pictures, right there in the then there's this. hearing room. zombies, they make for great you've got senator richard drama tv movies, et cetera, but blumenthal, democrat, they're not real, obviously. connecticut, correct, the man who said he had been to vietnam regardless, that did not stop but he hadn't been to vietnam, the government from paying he didn't fight in vietnam, he's thousands of dollars to produce calling boeing planes flying a zombie apocalypse survival guide.

coffins. deirdre: yes. stuart: well, i think that is way over the line, frankly. iowa senator joni ernst has had the stock by the way is near the high of the day. enough of that. deirdre: because there's a lot she's going to cut down on this of investors who think okay, the kind of government waste. worst is behind this company. she joins us later. but i think some of the other questions that muilenburg has joe biden once the had to take head-on are about undisputed democrat front-runner. these ims between engineers a new report says his campaign is falling apart in iowa. saying did you or did you not that leaves the field wide open use jedi mind tricks to convince for the far left, does it not? we are on that story. regulators these planes were in imagine traveling hassle-free with your golf clubs. an easier flying standard, meaning did you have to be an expert pilot to know how to fly these and the secondary condition, did boeing charge some of these airlines that maybe don't have all the same money like lion air, ethiopian airlines, were they expecting them to pay more to get additional safety features. that's another big question. stuart: okay. it's harsh questioning and that's the way it should be out there in public but i do think flying coffins is over the line. don't think you should do that. let's get back to money. check out the big board. first of all, we are up, some now you can, with shipsticks.com! no more lugging your clubs through the airport or risk real movers. we keep going back to this one

and why not. this is grub hub, food delivery having your clubs lost or damaged by the airlines. guys. okay. revenue is slowing, lots of sending your own clubs ahead with shipsticks.com competition. makes it fast & easy they don't expect sales to pick to get to your golf destination. back up any time soon. but most importantly, the ceo of with just a few clicks or a phone call, we'll pick up and deliver grub hub actually came out your clubs on-time, guaranteed, for as low as $39.99. publicly and said there's a bubble in the food delivery business. shipsticks.com saves you time and money. well, that's guaranteed to make it simple. make it ship sticks. take -- the bubble may be bursting right there. down 42%. that's why we keep going back to fidelity has zero commissions for online u.s. equity trades and etfs, it. the stock is plunging. how about beyond meat. interesting case there. plus zero minimums to open a brokerage account. with value like this, they reported profits yesterday, there are zero reasons to invest anywhere else. sales more than tripled. analysts are concerned about fidelity. competition. i got all of that. there are zero reasons to invest anywhere else. but the big deal for this company, this stock right now is you may have gingivitis. when you brush, and the clock could be ticking towards bad breath, if you were an insider, you got receding gums, and possibly... in early before the ipo. tooth loss. today's the day when you can help turn back the clock sell. on gingivitis this is your first opportunity with parodontax. to sell and evidently, lot of leave bleeding gums behind. parodontax. people are. beyond meat is down nearly 20%. that's $20 lower, $85 a share. that was a $200 stock.

$250, just a few months ago. different story at fitbit, exercise wristband guys. stock is holding those big gains on a report that google is interested in buying them up. it's up a bit more today, just two cents. we knew, well, you got to check apple always. stock's been on a tear, setting a series of all-time highs. hit another all-time earlier, backed off a little now. their new noise canceling air pod pros come out tomorrow. $249 a pair. you buying them? ashley: i had the ones that are not noise canceling. i think they're great. i don't think i need to upgrade to completely cut out -- it's dangerous walking around when you can't hear anybody else. deirdre: especially in new york city. stuart: let's get to politics. joe biden issued a statement saying the take-down of al baghdadi had little to do with president trump's leadership. not so fast, joe.

leading democrats are reportedly warning him about a humiliating loss in the iowa caucuses next february. we've got that story. meanwhile, the house is going to vote on a resolution laying out the steps in the impeachment process. it's not a vote on impeachment but it will put a lot of pressure on democrats representing districts that voted for trump in 2016. stay with us, please. this is the third hour of "varney & company." ♪ driverless cars, stuart: to the vaping industry. juul reportedly plans to cut, what, 500 jobs by the end of the year? tell me more. ashley: it's interesting because they have been on a hiring tear for so long, they were adding about 300 employees a month this or trips to mars. no commission. year, but then of course it's delivery drones, all gone downhill with the or the latest phones. problems they've had with the no commission. vaping product, and calls to no matter what you trade, at fidelity you'll pay no commission have it banned and some states doing that. for online u.s. equity trades. now they're in a mode of trying to save money and cut costs. they could cut about 10% to 15% of their work force.

they have had just over 4,000 employees, but now it's more a case of they've got to get this reviewed, their product, past them before they can really start building. the vape, the flavored vapes are 80% of their u.s. sales. they have been absolutely hammered. they're the subject of several federal investigations including one criminal probe by prosecutors. they are in batten down the hatches mode essentially until they get this sorted out. jackie: even smokers or ex-smokers who use the juul say they like the flavors more than the traditional fake tobacco product. stuart: it's an odd difference between britain who is gung-ho -- ashley: i was just there. everyone on the street is vaping. it's everywhere. in this country it's off the street and people are very worried about what it's doing. stuart: fascinating. it really is. thanks very much, everyone. a new report says top democrats fear joe biden could be looking at a quote, humiliating loss in

iowa. possibly coming in third or even fourth in the iowa caucuses next february. that, if that happened, could pretty much clear the way for a far left candidate to win as the democrat nominee. peter morici, economist, with us now. come on, you've got to explain this to me. we've got widespread prosperity, stock market records, full employment, no inflation, the housing market that's picking up. why is the far left, the socialists, why are they so popular? >> it's very simple. think about how iowa is organized. these are caucuses. they give an advantage to people that are community activists. joe biden was into the race late, he's not particularly well organized compared to, say, warren or mayor pete, and he hasn't spent a lot of time, he hasn't got a lot of energy to campaign there. in iowa, he has to meet voters in small groups and he just hasn't invested. he sent his wife but that's not good enough. the early primaries or the early

events are really stacked against him. the second event is new hampshire, which is a primary in northern new england, and northern new england, vermont, new hampshire, maine and the northern counties of massachusetts and even to some extent, the northern counties of connecticut, rural counties, view themselves as part of this region of northern new england which is very pro-female. very much into women in politics. i think that senator warren is enormously advantaged there. then we have nevada. nevada again, it's a caucus state, heavily unionized. again, he's not well organized there. these early primaries do not lend themselves to an establishment candidate and let's face it, if he had a corporate sponsor, it would be geritol. stuart: looks like speaker pelosi is going to show her hand i mean, you know what -- he on impeachment this week. makes liz warren look like she's a 42-year-old housewife running now, hold on, deirdre. this is the very very first step for school board. lots of energy, lots of ideas. in the process. deirdre: exactly. this is not -- this is by no she doesn't look 71 next to joe means an impeachment vote from biden. i would love joe biden if i were the house. this is essentially about

liz warren. i would want to keep him in the transparency of proceedings. race. the contrast is great. so as you just said, it is the stuart: you think he's basically first step in the process. running out of steam, fading so that's going to happen on fast, and it will be either thursday. the press secretary stephanie warren or sanders going up against president trump? that's the way you see it? grisham accusing democrats of, i'm going to quote her here, >> i think it is going to be conducting an unauthorized warren and mayor pete. mayor pete will clearly take any job in washington he can get. impeachment proceeding. have you been to south bend? he's accomplished nothing there. so she declined to comment further than that, but just i have recently been to south saying this should not even be at step one. but in any case, it will happen bend. on thursday. stuart: okay. it has a beautiful statue of let's bring in -- let's talk knute rockne and not much else about joe biden. other than notre dame. he's not with us but we will talk about him. the city has not recovered. he released this statement on they are still back in the the killing of baghdadi. studebaker days. stuart: let's suppose the election is trump versus a quote, i'm glad president trump ordered the mission but as more details of the raid emerge, it's democrat. clear that this victory was not prosperity versus far left due to donald trump's socialism. in my opinion, trump wins. leadership. what's your opinion? it happened despite his >> my feeling is if he runs against liz warren, he's in deep ineptitude as commander in chief. trouble. mercedes schlapp with us, trump i have written several op-eds, 2020 senior adviser. mercedes, your response to the all along i said that's who he biden statement. >> good morning, stuart. should be worried about. she so much reminds me of bill well, you know, seriously, i clinton knocking off george w. think for biden, who is part of bush -- knocking off father

the obama administration's red bush. george h.w. bush. this really reminds me of that line foreign policy approach in syria that was an incredibly campaign. stuart: you're not supposed to say this at the end of an failed foreign policy that they interview but i will. only time will tell. had moved forward on syria, it's >> only time will tell. come to class. i will tell you that. just disgraceful that he would stuart: peter, you're all right. not even give the benefit of the doubt or the credit to the see you again soon. thanks very much. quickly to the futures president. we know that president trump market. we're going to be down for the worked very closely with the dow, down for the s&p but not military leaders, he basically said this was a priority for the much. look at the nasdaq, up maybe seven points. last several years to target beyond meat, way down today. this isis leader, and it was a however, fake meat in my opinion, it's a climate change huge victory not only for the play. you invest in beyond meat and president but for special that's a climate change play. operations who were involved as that is at least my opinion. well as for the american people and for the stability of the we have a guest on that after region. stuart: what about the elimination of the man who was this. ♪ going to be second in command after baghdadi died? ♪ i think american troops just nailed him, didn't we? >> yes, so i think there's been, what we are starting to see, especially what we have seen in ♪ that area, that region, is the fact that it was the president

along with secretary pompeo and vice president pence where they have been able to establish a ♪ permanent cease-fire in turkey, creating a safe zone for the kurds. in addition to that, working ♪ with our allies to identify these terrorists in the region and taking action, and so that in and of itself i think are just some of the victorious steps the president has had, and obviously, you know, the democrat candidates are never going to give credit to the president. their goal is again, they themselves have nothing to add or to promote in terms of a strong foreign policy approach. we know that for americans, the concept of stopping endless wars, of putting america first, of basically not accepting the status quo when it comes to using our military, those are all acceptable -- an acceptable approach and something the majority of americans agree with. stuart: mercedes, i would like

your comment on this report that we have. a dozen top democrats are warning joe biden he may suffer a humiliating defeat in iowa, the caucuses next february, coming in third or fourth. that's not good news for the former vice president, is it? >> no, it's simply disastrous. i was talking to some political operatives who explained that when it comes to iowa in particular, remember, it's about retail politics. it is about local driven politics. it is about recruiting caucus captives, it's about the networking component. they don't even know if the state director for biden lives in iowa. so he is approaching it, biden's approach thus far has been holding these bigger events in iowa which doesn't fit what i would say is the personality of the iowa caucus. it is about the personal touch. biden seems to be out of touch with the iowan voters. we are also seeing this in new hampshire where you are seeing

warren also gain traction. what does that represent, stuart? the two first states, very critical for any presidential candidate, with a good chance that biden could lose those two states and he's counting on that south carolina and nevada to help him but that puts him in a very weak position. in addition to that, is the fact that he's not raising the money that he needs. stuart: true. true. >> in essence, you are talking about that he's spending more than he's raising. he should be the front-runner, right? more and more we are starting to see a very weakened candidate. stuart: i could read between the lines. mercedes, you are saying bring it on. we're ready. thanks, mercedes schlapp. we appreciate it always. >> thank you so much. stuart: here we go. president trump tweeting. is that right? he's tweeting at us? ashley: yes. stuart: look at this. over in europe and japan, they have negative rates. they get paid to borrow money. don't we have to follow our competitors, "varney & company." yes, we do. the bed doesn't have a clue.

we have unlimited potential only held back by the federal reserve. we are winning anyway. ashley: which is exactly the conversation you had with danielle dimartino booth. stuart: yes. the president was watching, had his machine right there and off he goes. deirdre: disagrees with the point of view but it's good to have numerous voices in the room. ashley: from people who have negative interest rates. stuart: i'm glad he's watching. i just love the president when he's watching this show. ashley: yes. stuart: i'm a poor immigrant stuart: well, take a look at beyond meat. fresh off the boat and he's the stock price premarket, down watching. come on. change of subject. 20%. netflix binge watchers, they say, the company says they're going to have to spend attention, please. this one's for you. big and give big discounts to netflix testing a new feature that would allow you to watch meet their competition. your favorite shows faster. all right. clare smith is with us, she's with the vegan investment firm hollywood does not approve of that. called beyond investing. i do but they don't. we've got the story for you. ♪ clare runs a vegan etf. let's get straight at it. i think your vegan etf is essentially a climate change play. am i right?

>> it's that kind of change but also, we avoid any stocks that are involved in animal exploitation so we are also a play on the decline of the meat industry. stuart: is it a pure play on you expect the world to have a real problem 10 or 12 years down the road? this is a play on that, invest in this etf, invest in these companies and you will alleviate the problem? is that it? >> i think what we are trying to do is protect investors from the investment risks of owning both animal ag, supply to animal ag and also fossil fuel companies because we really can't afford for them to be continuing in the way that they are currently. we can't afford them to continue as they are, let alone grow so they have to decline. there's no other option. stuart: i think we understand where you're coming from. again, thanks very much for joining us again. we appreciate your input. on your screen right now, we've got the beyond meat stock price,

down, that's current price, that's right, premarket. $82 a share. thanks for joining us. we will talk to you again. now check out the overall market. we are going to be down for the dow at the opening bell 50 points, maybe. a fractional loss for the s&p. the nasdaq could be on target if it goes up four points, five points at the open, that will be a new record high. back after this. adp helps airtech automotive streamline payroll and hr, so welby torres can achieve what he's working for. ♪

and let me tell you something, rodeo... i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. stuart: hey, take a look at peloton. it's up another 5% today. other mortgages are paid each month, but with a reverse mortgage, it's been on a tear recently. last week, bernstein investment you can pay whatever you can, when it works for you, or, you can wait, company said the stock would outperform. it's gone up since then. and pay it off in one lump sum when you leave your home. the current price is $22.56.

discover the option that's best for you. please remember, in its ipo a call today and find out more in aag's free, couple months ago it was at $27. so it's not back to its ipo no-obligation reverse mortgage loan guide. price at this point. but it is up. access tax-free cash and stay in the home you love. check on netflix, please. you've probably been investing in your home for years... the company is testing a new speed binge feature. making monthly mortgage payments... hollywood, some of them, they doing the right thing... don't like it. and it's become your family's heart and soul... what is a speed binge feature? well, that investment can give you tax-free cash just when you need it. deirdre: so for some users, you can either speed up the dialogue or slow it down. i could understand slowing it learn how homeowners are strategically using down if it's like taking place a reverse mortgage loan to cover expenses, pay for healthcare, in, i don't know, some place where i don't understand the dialect but this is speeding up. protect investments, and so much more. not quite chipmunk level but if look, reverse mortgages aren't for everyone but i think you are going to watch something, you can watch it faster, binge watch faster. i've been 'round long enough to know what's what. directors are going crazy. stuart: what's the problem? i'm proud to be a part of aag, i trust 'em, deirdre: well, because there's a lot of directors saying basically we create this art, i'm going to refer to a tweet i think you can too. from the "breaking bad" star trust aag for the best reverse mortgage solutions. aaron paul who says essentially netflix is taking control of everyone else's art and so you can... destroying it. netflix is far better than that. retire better. am i right, netflix.

you also have film maker judd apatow saying don't make me call every show creator on earth to fight you on this. stuart: you bought and paid for stuart: netflix is testing a new it. feature that lets you watch ashley: you sold it. we are the consumer. stuart: they can't speed it up? deirdre: you can see on the shows faster. some people are not happy about this. i don't know why. who's not happy, jackie? screen, don't -- jackie: it's the actors and [ speaking simultaneously ] deirdre: we give you nice things, leave them as they were directors. i will quote a tweet from intended to be. "breaking bad" star aaron paul stuart: point taken. who said stop, there is no ashley: we can speed up "varney" and do a three-hour show in an way@netflix will move forward with this. hour. stuart: i will do it fast. that will mean they are completely taking control of now this. everyone else's art and destroying it. uber is creating a digital netflix is far better than that. am i right, netflix? i'm not really sure. wallet. we will tell you what they plan basically what the feature lets to do with it in just a moment. you do is either speed up the and looks like progress in content or slow it down if the china trade deal. you're having a hard time to coming up, the head of the digest it and obviously that national retail federation. he should be happy. is he still worried about me changes the way the program runs. ashley: like chipmonk or -- modestly higher. stuart: this reminds me of the dow's up 22, at 27,113. argument, remember the argument ♪ when ted turner colorized old black and white movies? you're destroying my art. you can't do that. he did it anyway.

everything survived. this is kind of the same thing, isn't it? jackie: d.r. brought out the fact a lot of people like to speed up their podcasts and that's where this started. stuart: what's wrong with that? i like to go through it fast. (thud) i've got a short attention span, (crash) (grunting) as you can tell. five seconds and here we go. this market will open. (whistle) play it cool as of right now. and escape heartburn fast okay. we are off and running. it is tuesday morning. with tums chewy bites cooling sensation. ♪ tum tu-tu-tum tums look at the nasdaq in particular. if that goes up just a couple of points, you got a new high. the s&p, if it were to go up, it would be on track to set another record high. ♪ overall, we've got a 30, 40 point drop for the dow in the very very early going. okay, individual stocks. first of all, google. strong growth in online ad and let me tell you something, rodeo... i wouldn't be here if i thought reverse mortgages took advantage sales, offset by rising costs. but the stock is down, what, nine bucks at $1,279 per share. of any american senior, or worse, that it was some way to take your home. grub hub, they gave a weak it's just a loan designed for older homeowners, and,

outlook, feeling the heat from the competition. the stock is down 33%. better profit coming in at general motors. ita reverse mortgage loan isn't some kind of trick to take your home. the stock is back to where it was before the strike. the strike cost them $2.9 it's a loan, like any other. billion for the full calendar year. gm is up 3% on this. big difference is how you pay it back. the share price of beyond meat, find out how reverse mortgages really work with aag's free, down. the company says it's going to spend more, give some discounts no-obligation reverse mortgage guide. to meet the competition. it's down 22%. eliminate monthly mortgage payments, pay bills, medical costs, and more. another of the very big movers this morning. higher profit at mastercard, driven by strong consumer spending. that's a very interesting economic indicator. other mortgages are paid each month, but with a reverse mortgage, the stock is up just a fraction. merck raised its forecast. you can pay whatever you can, when it works for you, or, you can wait, keytruda doing very well for them. the stock is up 1.25%. and pay it off in one lump sum when you leave your home. pfizer also gave strong guidance for the future and that's up discover the option that's best for you. call today and find out more in aag's free, 2.5%. lots of earnings reports to go at today. lots of information. no-obligation reverse mortgage loan guide. we need coverage. access tax-free cash and stay in the home you love. d.r. barton is here. along with jackie deangelis and you've probably been investing in your home for years... ashley webster. we are almost halfway through making monthly mortgage payments...

the earnings season. doing the right thing... i think overall, things are looking pretty good. what's your judgment? and it's become your family's heart and soul... >> yeah, i think it's been well, that investment can give you tax-free cash just when you need it. positive in the fact that we have exceeded where we thought we were going to be. learn how homeowners are strategically using overall in the s&p 500, we will a reverse mortgage loan to cover expenses, pay for healthcare, have a down quarter relative to last year, but i think we are on protect investments, and so much more. the upswing sequentially and i look, reverse mortgages aren't for everyone but i think think, stuart, that people are going to look at this earnings i've been 'round long enough to know what's what. season and continue to bid stocks up for the exact reason i'm proud to be a part of aag, i trust 'em, you said. we have so many of the big players doing really well. i think you can too. we are going to keep going up. stuart: the bright spot is these trust aag for the best reverse mortgage solutions. calls that they all make, looking to the future. a lot of them are saying hey, we are doing well in the future, so you can... bouncing back in the future. retire better. that's the reason for some of this optimism, i think. >> absolutely. so few people talking about trade wars, anything else. i think the trade war impact on u.s. economy has been vastly overestimated leading up to this point in time. we are hitting new all-time highs. despite that.

and i think if we get any help, more upside. stuart: here it comes. a presidential tweet just came right at us. i'm going to tell you all about it. just confirmed that abu bakr al baghdadi's number one replacement has been terminated by american troops. most likely would have taken the top spot. now he is also dead. that was not a financial tweet from the president this morning, highly political military tweet but there you have it. just out to us. let's get back to stocks. grub hub down big. gave a weak outlook, feeling the heat from the competition. the stock is down 34%. would you buy it, d.r.? >> no. sell, sell, sell. here's what happened. i just don't like this space in general. i think there's going to be one or two winners to come out of the big four that are doing delivery, and i don't know that it's going to be grub hub. i think they are going to suffer stuart: it's been like this all day. and others are. a modest gain for the dow they said they're not going to industrials. make any more money next right now we're up 30 points, quarter, revenues, than they did this quarter.

if this is a growth market, you 27,121. home prices. can't have zero growth. now growing at the slowest pace stuart: that's not good news. they are talking about a bubble in the delivery business. in seven years. i was looking for a pickup in >> the ceo said that. the housing market. how unusual is that? ashley: yeah, if you look at the stuart: ouch is all i can say. all right. take a look at boeing's stock, core 20-city index, the biggest please. the ceo testifies on capitol from july to august, flat. hill in our next hour. i was just looking at some of let's see now. these numbers. interesting. the biggest gains year over year, phoenix, charlotte, tampa wait a minute. are among the top 20 cities. what is this? ashley: i can tell you he answered some tough questions stuart: i know what's going on. prior to that hearing which is ashley: these are low tax going to start shortly. environments. he says he will not step down. no doubt about it. and warm and sunny doesn't hurt, he says ceo is he's focused on either. running the company. stuart: low tax environments, this day and age, will attract money from high tax he said look, we have a keen environments. ashley: correct. stuart: that's what's happening sense of responsibility, any here. deirdre: i think the areas are accident is unacceptable, we do mostly favored by people who are retiring, who are looking for have a responsibility to fix the the sun and not so much plane. millenials which many housing we are confident in the safety experts say are still struggling fixes that boeing is making. with student debt and it's just some comments ahead of his harder for them to buy a home because it's hard for them to testimony later. stuart: would you buy it at, just come up with the down what, $340? payment. stuart: if you are an executive based in texas, and you were >> getting down to areas where i like it long-term. offered a high-paying job in new this is going to be a stock that york city, would you take it? will recover from this.

ashley: probably not. stuart: you would be insane. they have the backlog of orders ashley: you would lose it all. even including the 737 and their deirdre: or add that percentage to whatever your offer is to other planes. they are going to be higher a compensate for the taxes you would pay here. stuart: would they pay that? year from now. probably not. that's the way it works. stuart: long-term play. staying on your money. all right. that's what we're all about overall, we are down 20 points on the dow industrials. here. little politics thrown in but we that's all we've got here. do money as well. that's not much of a sell-off. we are still above 27,000. matt shea is with us, national have a look at kellogg. retail federation president and ceo. welcome back. >> thanks. higher profit held by better nice to be with you. demand for snacks and frozen stuart: i have a whole bunch of good news for you. >> i'm glad to have it. food. the cstock is up 1.8%. stuart: let me roll it out for you. number one, phase one of the better profits at conaco china trade deal looks very promising. phillips. the can sto stock down nearly 2 there could be a delay in the t-mobile signing up more imposition of further tariffs on $34 billion worth of imports subscribers. the stock is down 1.7%. from china. it's great for you. xerox gave a rosy forecast. >> very positive news. we are very encouraged. they are up 11%. the news that we saw today, i was in hong kong and in china nice gain. last week and talked to a number fitbit got a nice pop on a of retailers, suppliers, other possible takeover bid by google. partners there for a few days, and i think what we are hearing the pop was yesterday. from everyone, regardless of the this morning, they are down segment in which they operate, 4.5%. the sophistication of the the ten-year treasury yield,

i think that's an interesting company, the resources they've got, is that this uncertainty economic indicator. it's up at 1.83%. has been very disruptive and so anything that gives us some that's a sign of economic vigor, certainty going forward and get isn't it? the parties back, maybe come to >> i believe it's a sign of some agreement, that would be economic vigor and it's a sign very positive. stuart: did you visit the of -- it's a sign of a lot of retailers in hong kong? >> we did go to retailers in good things happening across the hong kong as well as offices of economy. retailers in hong kong. stuart: absolutely not an that's right. stuart: that's a tough inverted yield curve. let's get rid of that one. environment right now. they are in recession. the price of gold right around $1500 an ounce. actually it's down to $1487. >> leave them out. bitcoin yesterday, we were at the u.s. consumer is in very $9,400. today, $9,300. the price of oil yesterday was good shape and floorilooking fo positive holiday season. stuart: gerald storch was on $55, $56. yesterday. this morning, $54.91. you know him. he's run various retail big story here. operations. here's what he had to say about the strength of the consumer as apple. they keep on hitting new highs we head towards the holidays. roll tape, please. and today, they roll out these new air pod earbuds. >> every time a retail sales report comes out, people are actually, it's tomorrow, isn't it. tomorrow they come out. okay. paying attention to some kind of what do you make of the stock? adjusted month over month change in retail sales. it just keeps on going up. but you know, consumers don't spend adjusted dollars. >> it is the ever-ready stock. if you really want to look at everready bunny keeps moving. what's going on, look at last they keep doing really good year's sales and this year's things. sales, like every retailer does, apple plus tv starting friday. and you can see it's been up 4%

we are going to get a lot of year over year, month after month after month. interesting news on how well i would expect the same thing that rollout goes. for the holidays. i think this thing can keep stuart: that's a very strong going up. stuart: this $249 air pod holiday -- >> very strong holiday season. stuart: that's a very strong earbuds -- ashley: noise canceling. holiday season. >> i agree. stuart: thank you. that's not really a big deal but our forecast is that sales will be up between 3.8% and 4.2% this generates a lot of interest. >> it does generate interest and they actually generate a bunch of sales. year. over last year. they are the number one leader with a bullet in these no wire the september numbers were 4.6%, better than a year ago. earphones and the noise the three-month average is 4.9%. canceling piece is really intriguing because it's very so i think our view is based on useful. i ride up here to come see you the methodology we use, and we every week on the train, and my have been doing this for 20 noise canceling headphones are years, very successfully, that my best friend. based on everything we have seen these are a good thing. thus far, the momentum in the stuart: look at that on your screen right now. economy, the strength of the consumer, the unemployment rate, $248 a share. which would you rather have, the hourly earnings increases, we are in for a very solid holiday new air pods or one share of season. stuart: amazon, the most solid apple? of all? >> well, i don't know if i would because they are the same price. say that. our producer pointed that out to stuart: no? >> you heard jerry and that's me. i missed it. not the whole segment but there thank you, justin. are a number of retailers he pretty good. identified, you have as well, all right. facebook. very very competitive, and the i've got two stories for you here. first of all, company employees consumer's looking for bargains and there are great at facebook signed a letter to opportunities out there.

stuart: but that convenience that amazon offers, the zuckerberg saying they are opposed to the company's policy of letting politicians lie in brilliant execution. i see apartment buildings in new advertisements. york city. i see the amazon truck arrive strange way of putting it. and the doorman, these guys, second, the company wants to their business these days is keep -- help keep you healthy. putting the packages in the now, what's the health angle? jackie: they are tracking apartments. something else about you. it takes them all day. they know your age, they know >> i would say that while your gender. they want to start or have various companies have set the rolled out this feature that bar and consumer expectations will give you health care very high, they are not the only ones that can execute. information, basically saying you need a checkup or you need so we represent all of those preventive care or it's time for companies. a mammogram, just for an jerry and you discussed some of them yesterday, executing at a example. they also give you locations of very high level. they are very strong nearby clinics. the question, of course, is you competition. stuart: is amazon in the national retail federation? >> they are in, along with know, is this -- they are saying several thousand other companies. it's a battle out there. they are not going to do anything nefarious with the data people are taking and winning but it's more data they are share and they are not all mining. stuart: what do i get for all the information i give them? performing equally well. some are doing better than others. stuart: okay. matt, thanks for joining us the location of a clinic? again. reminder to get your blood >> nice to be here. pressure checked? not a great bargain in my thanks. stuart: thank you. next one, taylor swift and personal opinion. ashley: with so many people on there, this could be a good alibaba. alibaba being china's version of thing. there are too many people that amazon. that's the way i define it. aren't doing their preventive care. if facebook had a better record i bet you never thought taylor

swift and alibaba would be of connection with their lumped together. tell us what she's doing. clients, this could be a good deirdre: she's heading for thing because they don't, i shanghai the 10th of november. don't think it's going to help they have single day on november much. stuart: what are you, my mother 11th because when you write it or something? all right. amazon and microsoft, take a look, please. 11-11, the chinese consider that the loneliest number. amazon may contest the results it is essentially a promotional of that multi-billion dollar event where they have all kind of stars. cloud contract which was won this year it's taylor swift but in the past they have had david from the pentagon by microsoft. they are contesting microsoft's beckham, daniel craig. they do almost this sort of win? ashley: well, they have two super bowl halftime extravaganza routes if you like for appeal. but it lasts a lot longer. the idea is to get you to buy firstly, to seek an immediate stay from the government things. treat yourself. stuart: what will she say if accountability office, that anything about hong kong? could go through audit, the government spending on this issue, or they could file a complaint with the u.s. court of deirdre: my guess is she won't federal claims. say anything. she will sing. whether they are going to do stuart: guaranteed the contract that or not, we'll see. will say don't say anything but they were the odds-on about hong kong, if you do, we favorite to win this contract. won't pay you. i don't know. there's a website called task but i can't imagine she's got and purpose, a military website, free rein. deirdre: that's a fair guess. i'm sure she's there to sing and and it quotes defense secretary, sing only and not give former defense secretary james mattis who says he was directed interviews. she's probably going to make a by the president to quote, screw bundle. not quite certain of that. amazon. for this company, they generate stuart: mattis has since said tens of millions of dollars in that's nonsense.

sales. ashley: not true. in a 24-hour period. stuart: i just wonder about but a lot of what was said behind the scenes, we know the american celebrities who do president does not like jeff bezos who of course owns amazon business in china having to say anything at all about hong kong. and "the washington post" which has been critical of him. there you go. stuart: interesting that amazon it's about saying absolutely is down ten bucks at $1767 this nothing, isn't it. check general motors' stock morning. didn't recover after that price, please. earnings report. ashley: no. very nicely going up, 5%. stuart: look at that. they are selling a lot of high 9:40. sorry, d.r. your time's up. profit suvs and light trucks. thank you very much. >> thanks for having me. stuart: check the big board. the strike is over and it cost we have narrowed the loss, down them $2.9 billion. that's for the full year. just ten points now. that's .04%. but they made $3 billion profit a tiny loss indeed. boeing's chief will be in just the 13-week period. testifying on capitol hill in less than an hour. general motors going up nicely today. that's a 5% gain for gm. yeah, about less than an hour. he's fighting for the future of boeing. how about tesla. their new model y, the y suv is he just told reporters that he will not step down. what it's called, set to go into in alabama, the roy moore production next summer. is this a -- some people say debacle cost the republicans a it's a game changer. senate seat, but now the former ashley: it could be. it's a lower priced suv. auburn football coach is trying the only suv they offer right now is high priced luxury x to get it back. what happens if jeff sessions decides to run for the seat? version, but let's be honest, people are ditching sedans and have been for the former football coach, tommy

into suvs, even in the electric vehicle arena. tuberville, is with us today. nasa spent thousands of in fact, 40% less sedans are taxpayer dollars for a martian being sold in the last five costume party. years. iowa senator joni ernst calls so it's a game changer if tesla that a big waste of money. can get its lower priced suv on she's trying to put a stop to it. the market quicker than she has a new bill to stop it. she's going to tell us all about expected. they were going to begin production towards the end of next year. it, next. now it's being brought up to the beginning of summer. let me add a caveat to that. listening and observing are critical skills tesla is not very good at predicting when production is actually going to start. but the fact they are actually announcing sooner rather than later which is what they normally do with their models, this is encouraging to people to say the model y, low priced or lower priced suv, could be a game changer for the company. stuart: it's true, isn't it, people don't buy cars anymore. ashley: down 40% in the last five years. stuart: overall, 40% fewer actual cars. sedan. deirdre: a lot of people are waiting for this model. it has a wait list. investors and potential consumers. ashley: it's a big one. stuart: look, i don't drive cars

any longer. i like to sit up high in an suv. or truck. for scientists at 3m. one of the products i helped develop was a softer, i like riding high. i don't like being down. more secure diaper closure. let's move on to ford. as a mom, i knew it had to work. big changes coming in their lineup and their work force. there were babies involved... what are they doing? and they weren't saying much. deirdre: they are cutting their i envisioned what it's like for babies own suv which is called ford to have diapers around them. flex. they said it had a cult that's what we do at 3m, following but that the numbers just didn't make sense for the we listen to people, company so they are cutting 450 even those who don't have a voice. jobs. the focus, though, this is a nod at the end of the day, we are people helping people. to what ashley was talking about, they have an all-electric crossover. that's a new product that ford is going to be producing and the assumption is, of course, to compete with tesla's product and a few others. it seems like the appetite is for greener. stuart: $8.60 a share for the ford motor company. next one is uber. they are diving into financial technology with their own digital wallet. this is uber. okay. it's called uber money. ashley: a whole new division, includes a digital wallet, upgraded debit and credit cards.

first the emphasis will be for the drivers. some four million plus who work for uber and the couriers around the world will have access to a mobile bank account so they can get paid for every ride. but eventually, uber could one day offer bank account to consumers. interesting move, right? why not give it a go. stuart: the stock is still $32 a share. nowhere near the ipo price. got that. joe biden once considered the democrat front-runner, a new report says his campaign is really falling apart. in iowa, where the caucuses will be held next february. the man who wrote a book about biden and the democrats and even stuart: a very narrow loss on the dow industrials, down just he says biden is to blame for his own problems. four points, as you can see. we'll be back. down two points now. have a look at lyft. ♪ it's announced a new membership this is the age of expression. called lyft pink. members can pay $19.99 a month and they get 15% savings on all rides. the stock, though, is down nearly 2%. senator joni ernst, republican, iowa, introducing a but shouldn't somebody be listening?

new bill designed to cut down on so. let's talk. wasteful spending in the we're built for hearing what's important to you, government. senator ernst joins us now from one to one. capitol hill. edward jones. it's time for investing to feel individual. senator, i know you brought a couple of examples with you. one from nasa, one from the cdc. tell us all about it. strongve is one of a kind start with nasa, would you? brilliant >> oh, my goodness. unbreakable ♪ we do have martian mascots out engagement rings now 20- 40 percent off there and the act you were shop unique bridal styles at zales, the diamond store referring to, stuart, is the swag act, stop wasteful advertising by the government act. i have many examples out there, some very egregious. the federal government has spent over $1.4 billion to develop advertising techniques, public relations, a quarter of a million of that has gone to these mascots in different agencies. we would like to stop that. we really want our federal tax dollars going to things that really matter for our constituents. stuart: you also have an example of wasteful spending in the cdc. what's that one?

>> well, we have many examples out there. i would like to actually go from the cdc to the department of energy and talk about the green reaper, because we are close to halloween. they spent $5,000 developing a mascot called the green reaper and we have spent, as i said, over a quarter of a million dollars developing other types of mascots for, as you mentioned, the martians for nasa. what a lot of wasteful spending. stuart: i have to put it to you, senator. there have been many, many, countless attempts to cut wasteful spending. it doesn't always work, does it? >> well, no, it doesn't. and unfortunately, what we think is common sense when it comes to capitol hill for some reason, it tends to get lost in the shuffle, with everything that's going on. we really need to focus on areas where we can save our dollars. as i said, $1.4 billion spent in

these gimmicky advertising techniques. $605,000 for coloring books. that $1.4 billion, that's over twice what the federal government gives for breast cancer research. you know, it's beyond reason why we can't pass a simple bill like this to actually use those tax dollars for better purposes, what the federal government should be doing, or simply save those dollars for the taxpayers. stuart: we don't know what's going on in the background behind you. it sounds awfully noisy. i'm glad you persevered and got the message out there because it's an important message. we appreciate it. >> i'm sure these workers are being paid big dollars to get their job done. they are setting up some tables for an event. but we do have to focus on what the federal government should do instead of wasteful spending. stuart: senator ernst, thanks so much for joining us this morning. we appreciate it. >> thank you, stuart. stuart: thank you very much. congressman greg walden, republican from oregon, he is

not going to seek re-election. he's one of many retirements by stuart: the wildfires in california, we need to know the republicans. ashley: yeah, in top committees latest on this. robert gray is there for us. too. he was on the house energy and robert, that looks like some commerce committee, one of the pretty significant damage in the top republicans. background. he's just one of five total now, what's going on? reporter: absolutely, stuart. you know, we are in the same thornberry from texas, bishop neighborhood, the brentwood from utah, conaway from texas, neighborhood, on the west side of los angeles, just across the valley basically, the canyon, m marchand from texas. from the getty center. it is a trend that we have seen you can see this house reduced this year. to rubble by the getty fire so you know, greg walden of yesterday, still smoldering a little bit. oregon becomes the fifth the winds have died down but we republican to say no more. are expecting the highest stuart: it's an exit. windstorm we have seen yet, the ashley: it is an exit. stuart: got it. highest wind speeds of the this is of interest to anybody season, later today into tonight who is using or thinking about and tomorrow. that is what fire officials are using the popular anxiety drug telling us they are concerned about. they are worried that embers xan could fly as far as one or two xanax. mylan pharmaceuticals has been recalling it. miles, and that we could see tell me more. jackie: they are recalling the burning from here all the way to generic form of it. the ocean so 20,000 people basically they are saying evacuated on the west side of there's one lot of this drug los angeles. meanwhile, in the north, pg & e, that had a foreign substance in it present so they were calling the utility there, cutting power all of it. to some two million people. they haven't had any reports of

anything happening to anybody or it's already begun. there's rolling blackouts trying any adverse effects but they are to prevent more fires. just trying to err on the side of safety. then of course, in the kinkade the announcement was on the fire, continuing to blaze fda's website over the weekend, through sonoma county, where and it seems to be something they have had diablo winds, 90 that they are, you know, currently in progress working miles per hour, stuart. on. stuart: it's not a widespread they are making it really difficult to contain the fires recall, just one -- there. some 200,000 people evacuated in jackie: one batch. stuart: all right. thanks, jackie. sonoma county, clearly turning check the dow 30 because we just people's lives upside down and turned positive. bringing their economy to a halt we are now up, what, three there. as we know, tourism and the wine points, two points. industry, you know, driving that call it a dead flat market. economy in that local area. i think i can get away with so continuing to follow this that. ashley: i think you can. story. stuart: general motors back in most of the grapes are off the business after the strike which lasted more than a month. vines, and they tell me that most of the farmers now have our next guest thinks the company has the right strategy generators, particularly after the bad fires two years ago, but going forward, relying on pickup the wine is being stored in trucks and suvs to power sales areas and that's still a concern for some out there. and make big money. we will let him make his case back to you. about general motors, after stuart: politically, governor this. newsom is blaming fully pg & e for what's going on in the formerly golden state. thanks very much indeed. now, joe biden. i'm going to give you an opinion. i think he's really fading fast.

our next guest agrees, saying that he is digging his own grave with blunder after blunder. he's got a new book out today called "guilty by reason of insanity." this man wrote it. that's david limbaugh. welcome to the show. good to see you. i will shake your hand. so, look, i think biden is we trust usaa more than any other company out there. really fading fast. would you agree with me? they give us excellent customer service, every time. >> yes. he's increasingly demonstrating our 18 year old was in an accident. himself to be a buffoon. he's getting older, he's usaa took care of her car rental, and getting her car towed. faltering in his speeches and in all i had to take care of was making sure debates, and he just isn't honest. that my daughter was ok. he's a chameleon. if i met another veteran, he will say whatever it takes to and they were with another insurance company, make himself palatable to the i would tell them, you need to join usaa crazy left. because they have better rates, stuart: what he said about the and better service. raid that killed baghdadi, he we're the gomez family... we're the rivera family... we're the kirby family, said that it was nothing to do and we are usaa members for life. with president trump's get your auto insurance quote today. >> right. stuart: i find that pretty rich coming from the man who was vice president when isis was on the rise. >> yes. and it's despicable, him saying these things. it's like pelosi says what she says about trump and -- trump was correct not to inform these

democrats whose sole goal in life is to undermine him and to help themselves and not the nation. they do not have the nation's best interests at heart. biden's statement about trump in that respect is outrageous. stuart: your book is about guilty by reasons of insanity. >> yes. stuart: the insane left, we are talking about. i agree with you, there's a degree of insanity coming out of the essocialists these days. explain to me why socialism is all of a sudden okay. >> you know, we talked about these polls now showing, and i've got polls showing in my book, too, the millenials strongly favor socialism. the reason i think is several. one is that universities are indoctrinating young people to be enamored with socialism but not just that, against capitalism. they demonize capitalism. they have these textbooks, the people's america, history of

america, and you have robert josephson, robber barons, the american pageant, the most popular history book out, all demonize capitalists. then you have in the universities, 40% of universities have zero republicans. the other 60% have very few. but stuart, the good news is that though the millenials support socialism, other polling indicates they don't have the faintest idea what it is. one state understands that it's not a bunch of freebies, there are costs, for example, elizabeth warren is lying about the cost of medicare for all. bernie sanders is being honest. it's not -- it's not going to be paid for by just decreases in premiums. the taxes are going to go up on the middle class and they lie about it. elizabeth warren is lying about it, ducking the question. so she's surging. once the people understand the costs and once the millenials understand how impoverishing and enslaving socialism is and it's our job to educate them, by the way, we need to evangelize as conservatives and capitalists

which i think is part of what you guys do here, we've got to make our case and demonize socialism -- stuart: forcefully. >> and do it on moral grounds as well as practical grounds. stuart: well said. you talked about morality and we should. david limbaugh, "guilty by reasons of insanity." i promise to read it. thanks for being with us. >> honor being on. thank you. stuart: thank you. now then, we have juul, the vaping people. they are cutting 500 people from their work force. ashley: it's all to do with the controversy over vaping, especially juul's role in stuart: we are going to keep showing you the stock price of promoting it to young vape res. grub hub, because it just keeps on plunging. it is now down the best part of 40%. this is a delivery, food they were adding 400 people a delivery company. the ceo says there's a bubble in month. now they have to cut back the food delivery business. because of the controversy surrounding their products and when he said that, the stock the proposed possible ban on comes right down. flavored vaping that makes up that's why we are following it. 80% of the u.s. sales. down 40%. they say they understand this is general motors, they report a big issue, that they are better profit, they report that believing this is a necessary the strike is over and it is, reset. they are spending a lot of money and the company's stock is now up 5%. on their own research which they

will provide to the fda to say this is what we found from automotive editor gary gastelu vaping. the problem is, as we know, that they sell the vapers and the joins us now. where is the money coming from? >> expensive trucks. flavors that come with them, but that's what they have been they can't stop people putting whatever they want to put in focusing o the profitable end of these vaping machines. the market. they are coming off a really strong third quarter even with that is where the problem has the two weeks lost to the come. stuart: you just came back from strike. look, they have a lot of england, where vaping is king. inventory anyway. they will probably lose a ton of ashley: everywhere. stuart: here in america -- sales. they are saying this will probably cost about $3 billion ashley: interesting. stuart: great stuff. but they will make a lot of that let's get to facebook, now under back. that's recoverable down the road with additional sales. stuart: with the national average for gas at $2.60 a fire from their own workers. employees have signed a letter to mark zuckerberg opposing gallon, that makes the big suv, their political ad policy. we will bring you the full the big pickup truck, easily story, right after this. expensive -- easily affordable ♪ imagine traveling hassle-free with your golf clubs. when you've got cheap gas. >> and remember, they are more fuel efficient than they used to be. they just launched a diesel version. suvs as well are a lot more efficient than they were five or ten years ago. gm has been on the right track all year. we will see how much momentum they did lose in the fourth quarter, because that's really when the strike hit them, but you know, they are coming off a strong quarter in north america, which is where the strike mostly

affected it. that's where they are making all their money right now. long-term they are looking pretty good. now, down the road obviously now, costs are going to be coming up because of the new agreement they have with the uaw and they will be investing a lot of money in electric vehicles including the new plant in the united states, the repurposed plant in the united states as part of the deal, so we will see if people will be buying those as much as they will buy gas and diesel powered vehicles. now you can, with shipsticks.com! stuart: but the money is in gas powered pickups and suvs. no more lugging your clubs through the airport or risk that's where the profit is. having your clubs lost or damaged by the airlines. that's where the market is. we are buying them, too. one last thing. sending your own clubs ahead you took a ride in the most with shipsticks.com makes it fast & easy powerful ford, the new mustang to get to your golf destination. with just a few clicks or a phone call, shelby gt-500. you were riding in that thing. we'll pick up and deliver tell me what it was like. your clubs on-time, guaranteed, for as low as $39.99. >> 760 horsepower. there's only one more powerful american car you can buy right shipsticks.com saves you time and money. now, the dodge challenger hellcat. amazing thing about this is just make it simple. make it ship sticks. how they have harnessed this shipsticks.com saves you time and money. most people think of verizon power. as a reliable phone company. previous gt-500s, you felt like (woman) but to businesses, wiley coyote with a rocket we're a reliable partner. strapped to your car, out of we keep companies ready for what's next. control. this is one of the best handling vehicles i have ever driven, one (man) we weave security into their business. of the easiest cars with that virtualize their operations.

much power i have ever driven. (woman) and build ai customer experiences. got a computer controlled we also keep them ready automatic transmission, suspension, traction control for the next big opportunity. system is flawless. like 5g. really an impressive piece of almost all the fortune 500 partner with us. machinery. there are only a couple thousand (woman) when it comes to digital transformation... but the people who buy these also buy f-150 truck to tow it verizon keeps business ready. to the track with. ♪ there's a bunch of other fords in the garage as well. key customers, big investors, the brand, very important vehicle. stuart: one of these days i would like to compare that with an electric. i want to see the pickup. >> we see them on tv, when you see them on youtube, you know, the electric cars, the gas car a lot of times catches up later on when the engine gets going. very different but both a lot of fun. stuart: you've got a fun job. you really do. thank you, gary. big name in the coal business, bankrupt. ouch. who is it? ashley: murray energy. the ceo has been on this show himself, robert murray. basically, the person they call the last u.s. coal baron could not survive a downturn in the industry. declining demand for sure for coal, but also, you know,

competition from cheaper fuels. now in, as we say, chapter 11. murray has about 13 active mines, ohio, west virginia, kentucky, utah, but it started missing payments. in fact, they missed payments to creditors late last month. he was a big friend of the president, was lobbying the president very hard for certain conditions or concessions for the coal industry. even wanting a bailout of some sort. but this is the eighth coal operator to file for bankruptcy in the past year. stuart: awfully hard to compete with nat gas. ashley: natural gas. stuart: cheap and american. very hard to compete. ash, thank you. the chief executive officer at boeing just minutes away from testifying. i say this is a great american company fighting for its future. we are going to take dennis muilenburg's opening statement. we will take it live. you will see it. the second hour of "varney" straight ahead for you.

when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering seven things every medicare supplement should have. it's yours free just for calling the number on your screen. and when you call, a knowledgeable licensed stuart: facebook's mark zuckerberg has said that the agent-producer can answer any questions you have, and help you company will not fact-check choose the plan that's right for you. the call is free, and political ads. while some of facebook's employees are not happy with there's no obligation. you see, medicare covers only about 80 this, what are they doing about it? deirdre: they wrote a letter, . . open letter to the ceo, mark zuckerberg. i just want to highlight the numbers. 250 facebook employees out of 35,000. so i'm not dismissing what they're saying. designed to help you save money they are saying if facebook and pay some of the costs does, in fact, do third party medicare doesn't. depending on

the medicare supplement plan you fact-checking for ads from any brand, procter & gamble, just select, you could have no fill in the blank, and ordinary deductibles or co-payments for doctor visits, hospital stays, users, why not have emergency care and more. you can keep the doctors you have now, fact-checking for political ads? ones you know and trust, with no facebook saying we understand referrals needed. plus you can the employees' concerns, we are get medical care anywhere in the not going to censor political speech. country, even when you're stuart: okay. so status quo. travelling. with humana, you get we have to bring this to you. fireworks at the boeing hearing. a competitive monthly premium and personalized service from a senator ted cruz going right at boeing's chief, dennis healthcare partner working to muilenburg. you've got to watch this. make healthcare simpler and easier for you. you can chose from a wide range of roll it, please. >> these are senior leaders at standardized plans. each one is designed to work seamlessly with boeing, in an exchange saying, and i will quote again, so i medicare and help save you money. so how do ya find the plan that's right for you? one basically lied to the that fits your needs and your regulators. budget? call humana now at the look, i've practiced law a lot number on your screen for this of years. free guide. it's just one of the you've had your lawyers look ways that humana is making healthcare simpler. and when you over this document and they read call, a knowledgeable licensed a senior leader after these agent-producer can answer any crashes have occurred saying questions you have, and help you they lied to the regulators. chose the plan that's right for you. the call is free and mr. muilenburg, how in the hell there's no obligation. you know

medicare won't cover all your did nobody bring this to your medical costs, so call now! and attention in february, when you see why a medicare supplement produced this to department of justice, how did you just read plan from a company like humana, this a couple of weeks ago? just might be the answer. >> senator, again, to clarify my earlier comments, i was made aware of the existence of this kind of document, this issue, as part of that discovery process in the investigation early in the year, as you pointed out. at that point, i counted on my counsel to handle that appropriately. >> did you read this exchange? look, i was made aware documents were being produced, that is passive voice and disclaiming responsibility. you're the ceo. the buck stops with you. did you read this document and how did your team not put it in front of you, run in with their hair on fire saying we got a real problem here? how did that not happen and what does that say about the culture at boeing? stuart: now, that's an attack on

muilenburg himself and his management of the company. stuart: moments from now boeing's chief executive officer ashley: yeah. will testify before the senate stuart: not an attack on the max jet and the engine. commerce committee. this is all about of course the ashley: how could something like this be revealed where they talk 737 max jet. now he told reporters last hour about jedi mind tricking regulators. in other words, we got this by the faa. he will not be stepping down. very damning. these were instant messages. we will take you right there how could you as the ceo, once when he gives the opening you were aware of this, why statement. we're getting new numbers, first wasn't this brought to your on consumer confidence. attention because we are talking we just got the numbers. about the safety of -- >> still waiting for the stuart: sorry, put that chart numbers. stuart: still waiting for back up on the screen again. numbers. because it was, the stock was up this is an important indicator. consumer confidence has been three bucks or thereabouts. running very strong. there is a little bit of a pull in comes senator cruz with that back recently. signs maybe the economy is criticism and down comes the slowing just a little. stock. but it's still up $1.30. we want that number on consumer what goes on at the hearings has confidence and how it ranks up a real impact on t there. but we do have this. we got pending home sales. this is important. the housing industry is beginning to pick up. ashley: let's do month over month. up 1 1/2%. slightly better than consensus. if you look year to year, up

3.9%. so, to your point, yes, i think it is a little more traction in the housing sector. stuart: we got that report just the other day that $700 billion have been flushed mortgage market. those people that borrowed, $700 billion, in one month. which showed a real pickup in the housing industry. that home sales number there tends to back that up. these numbers are much better, . . you hate this word, estimates being expectations if you have to measurably by something. stuart: with very the consumer confidence number. jackie. >> 125.9. the consumer confidence number gives us a sense how people are feeling. when they feel good they go out and spend. 2/3 of u.s. economic activity is consumer spending. 125 number seems to be in line

with what our expectations were. stuart: what is the trend up or down? that is what i need to know? >> it has been pretty stable. people are looking for the number to plummet. it has inyet. tensions with china, trade war worries. it is on backburner in people's minds. not keeping back on holding back the purse strings. ashley: a little underconsensus. you should be but i'm giving you unestimate but a little under. stuart: look what happened on the big board, bearing in mine the two numbers. positive number on real estate housing market. not so great on confidence confidence. no real response on the market. we're up a point, down a point. basically it is dead flat, to slightly higher. now this. you are about to see a great american company fighting for its future. dennis muilenburg, boeing's chief executive officer, chases

stuart: really big show for you sharp-edged questions about his tomorrow. we have 8:30 eastern time the management and max jet crashes gdp numbers. we'll tell you how the economy that too so many lives. performed in the july through he will apologize, admit to september third quarter. problems with the flight control system. he will say they have been fixed. 2:00 in the afternoon comes as the max jet will return to fed decision on interest rates. service. when it does muilenburg says, likely going down. but we'll see at 2:00. quote, it will be one of the safest airplanes ever to fly. this is at the heart of boeing's problem, how to restore confidence in its most important product. how to make sure when it flies 430 eastern time here come apple earnings. it will be a trillion dollar again, people will be willing to fly on it. these hearings are what congress company after we get earnings. should be doing. find out 4:30 tomorrow this is what oversight is all about, televised hearings where afternoon. gdp, fed, apple. issues are aired publicly, much you can't beat that. neil cavuto. better than the secreted, my time is up. now it is yours. neil: that will be a nerd's closed-door impeachment hearings delight that particular day. where selective leaks are the where we stand the dow jones order of the day. you will see what dennis mull industrial average this day we lien berg has to say. you will see some of the remember, 90 years ago. questioning. it is important. it was very different world boeing is a great american company. its future is at stake. almost century ago, 90 years get straight to capitol hill.

ago. culmination of the great stock grady trimble is there for us. market crash. i remember covering it well. set the scene. reporter: dennis muilenburg, the why are you laughing? chief engineer of boeing walked i did not cover then. into the room a few minutes ago. reminder in giddiness, caution when they did they were met by was urged. family members of victims, about ahead of that crash which occurred over a five-day span, a dozen holing signs of loved it began on the 24th and ones they lost during the two culminated on 29th. crashes. during that time the dow lost muilenburg will deliver his open be statement. half he will mention some variation of safe 23 times by my count. he emphasized the 737 will be safe when it returns to air, that safety is a top priority of boeing. he will face tough questions from our lawmakers here on capitol hill. not only will have to answer questions about the technical side of the flight control system partly blamed in both of the crashes, he will have to talk about certification process. whether boeing was too cozy with the faa can company culture along with number of other things before they get the plane back in the air. stuart: we're looking at some political theater there.

grady, we'll be back to you shortly. scott, i think this is great american company, where do you see things going down the road? take me down the road aways. >> i think he will survive. this hearing will be about cut any corners or swept something under the rug. these jets are flying all over the place there has to be experienced, experience has to be taken into consideration. pilots have to be taken into consideration. there are external factors. did they do anything wrong or cover it up. that is what i think they will come back and be fine they may have to rename it. i think they will be fine down the road this is to make sure nothing illegal was done or cutting corners.

stuart: they have to make sure when the plane goes back in service people will be willing to fly on it. they have to restore confidence. it is a good thing you have the public hearings to try to do that. hold on a second. i will get back to you shortly, scott. bill mcgurn, "wall street journal" editorial kind of guy. this is the way government should work. public hearings are exactly the way to handle this kind of problem. >> most of the time public hearings are a way to handle it. i think this will be a lot of theater. when you're a ceo, before congress, it is usually a tough day. there is a lot of grandstanding. as you said this is the key to a big american company. people will look to see how the ceo handles himself. whether he can, part of it is restoring confidence among american consumers who are not sure exactly about the software system and what they did. they want to have confidence, that they will be able to get on those planes again. stuart: your ability to perform on television is very important

these days. politicians and -- >> the best performance you look honest and answer honestly. the same reason we have trials with juries, so you can evaluate the person, rather than read the transcripts and read proceedings and make a decision. i think a lot of his demeanor and so forth, how he handles it. it is good for him to take tough questions, because he should. you're the ceo of a plane company that people put their lives in your hands when you get on. he should be able to answer those. stuart: we're looking at the moment with opening statements. we'll take you back to the hearing room when dennis muilenburg makes his opening statement. before we do that, latest piece, here is the headline, trump's unfairness advantage. pelosi realizes democrats trampling of impeachment norms helps trump. explain yourself. >> monday, first of all, this is the most unprincipled

impeachment in american history. no authorizing vote. no access to members for committee documents they're entitled to. secret hearings. stuart: exact opposite what we're hearing now. >> right. the worst in terms of its pro es ses, mrs. pelosi overridden all precedent. the worst it is that way, the more unfair it seems, better for trump, i think he is going to be impeached because i don't think mrs. pelosi can go down the road without impeaching. that is a foregone conclusion. this will make it a hard to get conviction in the senate. strengthen donald trump's case in the election. they came after me with a special counsel. they came after me with impeachment. the court of public opinion, i think is what matters most. stuart: when you say he is going to be impeached, there will be a vote in the house to impeach him. doesn't mean he will be removed from office. >> no, impeached.

we know this, the democrats without getting technical they're not going to the courts to enforce the subpoenas because they're basically, they're basically in the mode i want this hanging done by christmas, you know? they don't have time to litigate. as opposed to saying we'll take however long it takes to get at the truth here. they're like, we want this done, want to get done, everyone have a nice christmas, move on. stuart: i got to tell you, bill, i cannot believe america is prepared to rethis president from office on basis after phone call to ukraine. >> in this manner. the process, the democrats are whining republicans talk about the process because they can't address the substance. the process is the way you determine the substance. for example, william taylor, the ambassador, we only have his statement. to evaluate honestly, wouldn't you need to see cross-examination, how he handled that. we talked about the boeing ceo, a lot of judgment is how you

handle questions. stuart: absolutely. >> would the democrats accept, if rudy giuliani opening statement i did nothing wrong and let it go? they wouldn't except it. it is a crazy process. then unfairness will be an issue. mrs. pelosi knows it. which is why she is coming up with some kind of flimflam resolution. stuart: i'm glad you pointed this out. what a direct contrast between what is on the left-hand side of the screen, an open public hearing where the ceo of boeing is asked some aggressive questions. >> right. stuart: and the closed-door, shielding of witnesses from any kind of -- >> look, if you were trying to persuade the american people, jerry nadler said, chairman of the judiciary committee that usually handles these things, many times for democrats to do this right, they have to persuade a significant number of trump voters that this is necessary. we're nowhere even close to that. by choosing adam schiff to, just, falsely said he saw more

than circumstantial evidence of russian collusion, to make him the face of impeachment which is the overturning of an election, i think they have a real fairness problem on their hands. stuart: okay. i want to stay on this, bring back scott shellady. scott you're still with us. i hope you are. yes you are. what do you make of this impeachment push? any impact on the market, economy or anything at all? >> ultimately if he had to leave office. i don't think he will leave office. the house will do what they need to do. they won't go this far without doing something. your guess is exactly right. about fairness trial. this is illegitimate way to put somebody down out of office. this is a dangerous precedent, stuart. now -- high crime and misdemeanor just because i don't like you means i will get rid of you? what will happen with the next president down the line. this is no way to handle this

situation. they failed at all the other things. this is what they will hang their hat on. i think it's a colossal error. something in parallel what is happening over in the uk as well. you have emboldening of people behind donald trump because it is unfair. you have got a lot of people emboldened behind boris johnson because they're not taking the peoples vote into consideration and thumbing nose at democracy. they are gaining in popularity and strength and unfairness, that will ultimately bring down the democrats. it is not going to work. stuart: i'm fascinated by the contrast we're seeing right now. left-hand side of the screen, dennis muilenburg, top guy at boeing, answering pretty hostile and sharp edged questions of those who question his management and boeing 737 max jet. contrast that with the closed-door, secretive hearings about impeachment. the contrast could not be more strong. last word to you, scott. >> all right. here's the deal.

there is an unfortunate loss of life here. i don't want to dim finish that any way whatsoever. however the leader of our country is being tried behind closed doors. the leader of a company is being tried out in the open. that doesn't seem fair to me. stuart: got it. scott shellady, right on. see you later. thank you very much. microsoft was awarded a 10 billion-dollar cloud contract for the pentagon. they were chosen over amazon. amazon may be fighting back. what is the story? ashley: maybe. the president is outspoken publicly about the dislike of "the washington post." jeff bezos owns "the washington post" and amazon. was there something going on behind the scenes that gave the contract to microsoft? we could see an appeal on two fronts from amazon. one, they could act for immediate stay by the government accountability office, audits government spending. go down that road, go to court,

file a complaint with the u.s. court of federal claims. we don't know if amazon is going to do this. certainly those are two avenues they could take. they were the odds on favorite to win the contract all jedi contract. so questions are being asked. stuart: got more on this story. ladies and gentlemen, we're waiting for dennis muilenburg to make his opening remarks. we'll go to the hearing at that time. now i want to concentrate on this, a new book, it is called, "holding the line." it claims that president trump told secretary mattis, defense secretary mattis, to quote, screw amazon out of that pentagon cloud contract. we reached out to secretary mattis, here is his response. general mattis hasn't read the book and doesn't intend to. mr. snodgrass, author of the book was a junior staffer who took notes in some meetings but played no role in decision making. his choice to write a book reveals an absence of character. he was appointed to a position

of trust at the department of defense and surreptitiously taking notes without authorization for a self-promoting personal project is a clear violation of that trust. we may receive a few brief moments attention from this book but those moments will be greatly outweighed by the fact that to get them, he surrendered his honor. strong stuff. the author of the book joins us now. guy snodgrass is a former speech writer to secretary mattis and with me here. >> good morning, stuart. great to be with you. stuart: that was a pretty blistering attack on you, your book, the way you wrote it? >> it was disappointing. i had a friend picked that out as soon as secretary mattis released it. he knows better. i certainly way, i raised two decades of military service and honor, character certainly

counts as thousand reasons not to display it. stuart: who is right here? did the president say, screw amazon out of that contract? >> he sure did. stuart: in his words? >> let me speak to what i know. secretary mattis during a meeting in the pentagon in his office with other members of his staff relayed that to us. he said that the president had called me, told me we need to screw amazon. that amazon should not win this contract. stuart: it wasn't the president's words. that was secondary? >> that was mattis telling his staff that we needed to make sure we do this legally and ethically by the book. stuart: but he did not, the president didn't necessarily use those words, screw amazon? >> well to your point, stuart, i was not on the phone call. i'm going off what in the meeting we were told. what you will see, just like you mentioned with the book, there are two other meetings i was actually in with president trump and senior members of the administration. this is opportunity to relay that to the american public. stuart: is it your point going further, that the president

doesn't particularly care for amazon because the founder is jeff bezos who runs and owns "the washington post" which is virulently antitrump? that is why you think, he said screw amazon out of the consider the? >> there is no secret donald trump has a bone and beef to pick with jeff bezos. in chapter 6 i relay the very first time donald trump comes over to the pentagon for a briefing. during that period of time of he spends ten minutes excoriating "washington post," calling for one of the reporters written a report about leaked information, that reporter should be taken to court. there is no love lost between those two individuals. stuart: do you think it would be unethical to say to the defense secretary, watch out, i don't want amazon to get the contract? >> for any senior leader you have to avoid appearance of impropriety. that is burden i not only think it would be unethical and uncalled for to weigh in on major contract. stuart: would your book do well, if that comment about amazon was

not in there. >> i can't judge without the book wouldn't or wouldn't perform -- stuart: that is the main selling point for the book, isn't night no, i don't think it is. there is great reports and reviews. everyone has given loud praise but largely being able to open the window and show the american public what it is really like behind the scenes to brief the president of the about issues of national and international significance. stuart: has amazon talked to you about what allegedly was said. >> i have had no contact with amazon. stuart: are you expecting a call. >> i heard a report this is exhibit a if it goes to congress, and goes to court. stuart: are you comfortable with that. >> i am. i stand by the book. stuart: gary snodgrass, thank you very much. before we get to dennis muilenburg is about to open up his remarks.

market is up just two points. i keep wanting to check grubhub, he goes down and down and down. now it is down 40%. they came out with a disappointing sales forecast. they're a food delivery service essentially. the ceo of grubhub said there is a bubble in that business. that is quite a thing to say. it really took the stock down 40%. it keeps going down. we have beyond meat. let's see. they reported -- ashley: after the bell today. stuart: after the bell today. that's right. they are way down. i'll tell you why. this is the day if you're an inside investor you got in early beyond meat before it went public f you did that, today is the day you can sell your shares. i'm sorry beyond meat reported yesterday. my fault too. i was confused by that. they reported yesterday. today's the day when you can sell if you're an insider, if

that is what you want to do and that is really taking that stock down hard, 18% lower another one, google, the parent company is alphabet. strong growth in online ad sales, offset by rising costs. the stock is down 27 bucks. that is 2%. that is, yeah, it is our producer just told me. that drags down the nasdaq. it is a weighted index. google is a gigantic company. when it goes down, nasdaq goes down too. keep an eye on apple. hits new highs. rolling out new air budder buds, it rolls out tomorrow. $49 a pair, noise cancellation. you can walk down the street, can't hear anything else except what is piped into your ears. ashley: don't cross the street. stuart: that's right.

$249, double the price of the existing pods. boeing, happening moments from now, dennis muilenburg's opening statement. look at that, the stock is actually up a fraction. how about that? 50 cents. not much. but 341 on boeing. we've had lots of comments on the show that if they can get past this max jet, get it back in service, and convince people that it is a plane worthy of flying on, then boeing's stock will recover. that is what is in the market as we speak. now this, more information. the list of products exempt from the china tariffs may be extended. that will be positive news on trade. ashley: it would. kind of goes with the theme of more positive things coming out of the u.s.-china trade talks. $34 billion worth of chinese goods had a tariff exemption. that went into effect july of last year. set to run out at the end of this year on 1000 products.

these were approved to be exempted from the 25% tariffs, could be extended at the end of this year. they will take a comment period from november 1st to the 30th, for people say we should continue to exempt the imports. stuart: it will be a big one. now, dennis muilenburg. >> ranking member cantwell, committee members, thank you for the opportunity to join you today and we share your commitment to aviation safety. before we start today, i would like to speak directly to the families of 9 victims who are here with us. on behalf of myself and the boeing company we are sorry, deeply and truly sorry. as a husband and father myself i'm, i'm heart broken by your

losses. i think about you and your loved ones every day, and i know our entire boeing team does as well. i know that probably doesn't offer much comfort and healing at this point but i want you to know that we carry those memories with us every day. and every day that drives us to improve the safety of our airplanes and our industry and that will never stop. i'm grateful and humbled to be here today and to be able to say these words to the families directly. i want to convey our absolute commitment to safety, our commitment to learning, our commitment to rebuilding the public's conversation in what we we -- confidence in what we do, an preventing accidents from like this from ever happening again.

we will never forget and that is our commitment going forward. mr. chairman, i know this committee has many questions about the max. we'll do our best today to answer all of those questions. while one of the accidents is still under investigation we know both accidents involved repeated activation of a flight control system called mcas which responded to erroneous signals from a sensor that measures the airplane's angle of attack. based on that we have enhanced mcas in three ways. first it will now compare information from both sensors instead of one before activating. second, the mcas will only activate a single time. third, mcas will never provide more input than a pilot can counteract using the control column alone. pilots will continue to have the ability to override mcas at anytime. we brought the best of boeing to this effort. we spent over 100,000 engineering and test hours.

we have flown more than 800 test flights. we conducted simulator sessions with 545 participants from 99 customers and 41 global regulators. i have phone on a couple of flights myself. this has taken longer than expected but we're committed to getting it right. during this process we worked closely with the faa and other regulators. we provided them documentation, had them fly the simulators, answered their questions and regulators around the world should rigorously scrutinize the max and only approve its return to flight when they are completely satisfied with its safety. the public deserves nothing less mr. chairman, today and every day over five million people will board a boeing airplane and fly safely to their destination. decades of cooperation and innovation by industry and regulators and rigorous oversight of this committee have reduced accidents by more than 95% over the last 20 years but

no number, other than zero accidents is ever acceptable. we can and must do better. we've been challenged and changed by these accidents. we've made mistakes and we got some things wrong. we're improving and we're learning and we're continuing to learn. we established a permanent aerospace safety committee of our board which stood up a new safety organization. we strengthened our engineering organization so all engineers now report up through boeing's chief engineer. we're also helping to rebuild the communities and families impacted by these accidents. we pledged $100 million to this effort. we have hired reknowned experts in the area to insure money cang back what was lost. but we can help families meet their financial needs. mr. chairman, i started at boeing more than 30 years ago as

a summer intern in seattle. i was a junior at iowa state university, studying engineering, having grown up on a family farm in iowa. i was awe-struck to work at the company that brought the jet age to the world and helped land a person on the moon. today i'm still inspired by what boeing does and by the remarkable men and women who are committed to its outstanding legacy but these heart-breaking accidents and the memories of the 346 lives lost are part of that legacy. it is our solemn duty to learn from them and we will. recently there has been much criticism of boeing and our culture. we understand and deserve this scrutiny but i know the people of boeing. they are more than 150,000 of the most dedicated honest, hard-working men and women in the world and their commitment to safety, quality and integrity

sun paralled and resolute. we will stay true to the values because we know our work demands the utmost excellence. mr. chairman. >> thank you, very much, mr. muilenburg. during my opening statement i mentioned an instant message conversation and then a series of emails. 9 instant message conversation was between the 737 check technical pilot and a colleague and it expresses the concerns about the pralines of the mcas. boeing knew about this instant missage for months but failed to share it with the faa until recently. with regard to the emails, again, mr. faulkner, former

chief max technical pilot, calls for removing any mention of the mcas flight control system from the flight crew operating manuel. he talks about jedi mind tricking of regulators, with at least one person who works for the faa. so with regard to the instant message conversation when were you made aware of the existence of the november 2016 messages? >> mr. chairman, as i recall i was made aware of that message earlier this year. it was discovered as part of a document gathering process in response to a government investigation. >> so it was after the crashes you were made aware of it this year? >> sir, as i recall, i believe it was prior to the second crash. >> prior to the second crash. >> was it your decision to wait months before disclosing this to the faa? >> mr. chairman, at that point

it had been identified as a document in response to a on going investigation and i relied on our counsel to provide that to the appropriate authorities. >> okay. well, did, what did the counsel tell you? did he say i'm going to supply it to the justice department or did he say i'm going to get it to appropriate authorities? >> mr. chairman, i don't recall having a specific conversation about which authorities just, again as part of this investigative process our intent to cooperate fully with the request and to provide that to the appropriate authorities. i think over this, over this time period, this year, we provided on the order of half a million pages of documents in support of various requests. >> do you agree this should have been been provided to the faa in retrospect? >> senator, as i became familiar with the details of the document over the last few weeks, as i expressed our, our

disappointment and concern with how this came to the faa i think you heard the same from administrator dixon, i called him and apologized for how this had come through the process. again i was involved in the document production process but counted on our team to make sure all the right authorities were notified. >> we should look to the team then. can you assure the committee that boeing has now turned over all such safety-related communications to the faa related to the 737 max? >> senator, i, our team continues to cooperate with all requests for documentation. i'm sure that additional documents will be provided over time as they are discovered, as would be normal to the process but we will, we will cooperate fully with the requests. >> it seems to me that a request shouldn't have to have been made

with regard to that im conversation, sir. when did you become aware of emails i referred to in the second part of my question, about jedi mind tricking regulators? >> senator, again just recently i've been informed of the details of those emails and the instant message. >> could you give us an idea how recently? >> over the last couple of weeks when it became public news. >> you did not know about it until then? >> sir, i don't recall being briefed on the details of those documents anytime prior to that. >> can you see that this raises much concern about the level of coziness between boeing personnel and faa regulators? >> mr. chairman, i understand the concern there. we're dog our best to lean for word to provide information in this process. i can tell you that the

comments, the values, the approaches that are described in those emails are counter to our values. that no way would meet any expectation i would have for our team or our employees. so i understand the concern, share the concern and just want to convey it is not consistent with our values as a company at all. >> this series of emails has only in the last few weeks come to your attention, is that right, sir? >> senator, as i said i was aware of the documents that were being produced as part of an investigation. that is what i recall from earlier this year. i don't recall getting briefed on details of these documents. those details are things that i learned of over the last few weeks. >> senator cantwell. >> thank you, mr. chairman. if you could help, i have a lot to go through so we'll try to move quickly through it. was boeing aware -- stuart: you're watching the hearings in the senate, looking at boeing, its chief executive officer, dennis muilenburg, how

he handled the aftermath of the 737 max jet crashes. mr. muilenburg opened with a heartfelt apology. he said how deeply sorry he was, apologized profusely to the victims, the families of the victims who had appeared before the hearings began. then the questioning went to roger wicker, republican mississippi who is the chair of the senate commerce committee who is running this investigation and he was critical of how boeing had handled the aftermath of the crash and the relationship between boeing and the regulators. throughout this time we've been following the stock. the stock was up a few cents to start with. then it went up to $3. now it is back to about a one dollar gain. the questioning is largely technical, so we're going to move away from it for a moment. we'll go back to it if there are any headlines made and if that stock moves.

where we are now is, 342 for boeing, up $1.19. overall the market has turned around. we have the dow industrials now on the upside to the tune of 30 points. 27,122. i'm doing the math here. that puts us 200 points away from the all time closing high. for the s&p 500, that remains, it is on track, if it closes there, it will be setting yet another all-time high for that broad-based index. show me nasdaq, please. that is down 22 points. much of that loss accounted for by downside move in google. let's move on, lauren simonetti is with us, she went to southern methodist university, she visited there, wasn't a student there. tell me what you found. >> texas is awesome. number one. smu have a $1.2 billion

endowment. they said give some to the students to invest. stuart: really? >> yeah. you give $10 million to a group of how many student, they put that in the stock market? >> we have 35 students in the undergrad class, 30 grad class. grads have $6 million. undergrads are $4 million. they're working with a lot of ammunition. these dollars are given by key donors. they want our students to have the experience. >> this whole class is about teaching students to present, research and to write. >> we're pitching a buy recommendation for eastland chemical company. >> today we'll be presenting on next air energy. >> we'll talk about walgreen's boots alliance. >> why we're bullish on american airlines. why we think it's a good buy today. >> we're here using real money. this is very exciting. >> this investment program started in 1972. this class only goes back to 2014. >> i made as a joke in 2014. i said, to the grad class, they said, that's a great idea, we know we can beat the undergrads.

>> this money fund your salary? >> it does not. >> would be conflict of interest. >> i knew you were going to ask that question. >> does it fund anybody else's salary. >> it funds one of our endowed chairs. >> doing mock interviews for students. >> prepared for the job. >> if a company hires one cox school graduate, they will be back for more. no question about it. stuart: fascinating. >> beyond fascinating. what do they invest in? stuart: tell me. >> utility, next era energy, and the reason is, they pay dividend of 12%. students, according to their research, the average in the sector is 3%. stuart: so they like this particular utility company. they like the dividend. >> yeah. stuart: what else do they like? >> they picked, it is funny, you look at communication sector, discovery. they didn't pick netflix. they pick any big guys like alphabet or disney. they knew to look past the big,

hot names we always talk about. they picked discovery, intel and target. walgreens boots alliance. they can challenge amazon when it comes to going to the pharmacy. they think walgreens has a hold on pharmacy trips. stuart: do they actually, they got $10 million, graduates, undergraduates. do they actually put the dollars into those stocks? actually bought the stocks? >> the class votes. students make their pitches. allot this amount to this stock. the students vote online. the professor actually makes those investments. they have been doing this since 1972. now it is team you know grad, versus team grad. who won the past two years? stuart: tell me. >> team undergrad. why? stuart: tell me why. >> cautious. they're more cautious. stuart: really? >> i didn't understand that. were they scared from the financial crisis? are they more saddled with student debt. all of the above. what blew my mind something that the dean said. this is texas. seven out of 10 of our student

come from out-of-state. seven in 10 of those stay in texas. they set up new lives here because they can build a business here, less regulation, low tax rates. so they're attracting money, that endowment is pretty big. $1.2 billion. they're attracting interest in the business school. stuart: when is the final tally made, when the judgment made who won? >> in may. we'll follow -- hopefully, we'll follow the invests for you. stuart: i find that absolutely fascinating to use real money. >> live ammunition, baby. stuart: live ammunition with youngsters actually putting money into stocks and being accountable for -- >> would you give it to the children or grandchildren. stuart: 10 million? >> maybe less than that, to invest? real money. stuart: i will think about it. you got me on the spot. >> i would be nervous. stuart: my kids are watching. >> i'm getting millions. stuart: lauren, that is fascinating. good stuff.

ncaa will meet today considering allowing athletes to profit from endorsements. former auburn football coach, tommy tuberville is against it. we'll ask him why. he is on the show. by the way he is running for senate in alabama. now jeff sessions is exploring a possible alabama senate run. is mr. tuberville worried about that man, jeff sessions? i don't know. we'll ask him next. ♪.

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stuart: the big board shows a nice gain. up 55 points for the dow industrials. close to a quarter percent. 27,141 where we are. show me the s&p, please.

that is the s&p 500. right there that is new all-time high. that indicator has never been higher than 3044 which is where it is now. okay, move on. a new report suggests that former attorney general jeff sessions might run for his old alabama senate seat. i want to bring in tommy tuberville also running for that same seat in the state of alabama. welcome to the program. you're running as a republican. it should be a shoo-in to win a senate seat in alabama as a republican. are you worried about jeff sessions? >> well, the more the merrier, stuart. i'm running against a handful of career politicians as we speak. i'm an outsider. i'm not a politician. i want to go be a voice for the people of the state of alabama. a vote for me is a vote for president trump but these other guys, depending on what side of

the bed they get up on, what special interests they're listening to who they will vote for. if mr. sessions wants to get n he had a chance to help president trump. he failed him once. we don't need him to fail him again. stuart: you would have thought as a former coach of you a burn, you are a shoo-in. i don't see how you can lose in the state of alabama. even i, obvious foreigner, i know about these things. >> i have got a big lead. we're continuing to stretch it out, but it's a long time to the primary. people are resonating what i'm talking about. they're talking about people never had a job. i actually had a job stuart, for 40 years. i dealt with education and mental illness issues and drug issues, all the things that go along with being a coach. i worked with our number one commodity in this country, which is our young people. stuart: yes, sir. >> i'm excited about that. real fast question, the ncaa, they're meeting today to

consider allowing college athletes to make money off endorsements. as a former football coach, do you think that is okay? pay them or no? >> they're already getting paid. let me tell you, a scholarship in athletics is worth between 50 and $75,000 a year. they get cash money in their pocket along with everybody else being paid. if we want to get into the business of letting kids play off the name for radio interviews, for tv interviews, for advertisements, jersey sales, you're going to employ agents, lawyers, accountants. it would be a travesty if we did that. labor issue laws, it, antitrust laws, we did this with the olympics. olympics should be amateur sports just like college athletics. we ruined olympics, we need to win the games. let our professionals play. stuart: it is great with a is being sent like that.

you put me to shame. tommy tuberville. thanks for joining us. >> thank you, stuart. stuart: thank you. the gronk, as in rob gronkowski, he hinted he would return to the nfl in 2020 if the league permit players to use cbd to help with pain management. cbd is the stuff that doesn't get you high. i will see what brian kilmeade says next. ♪.

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stuart: it is that time where we join that man right there, brian kilmeade live on the radio. brian, i want to start with the dog or k-9 properly called. the one injured in the raid that killed al-baghdadi. what do you know about this? >> i know it is a extremely athletic dog that was fearless. he chased him down into a tunnel they all knew had no end, came to an end. there was no way out. so this dog pursueded it. got injured. came out. now they're worried if they identify the dog's name again, it was out there for a while, they can track it down to its handler, who is a special

operations officer and they will both be in trouble. stuart: oh, okay. did you see what joe biden said about the killing of baghdadi? he said it is clear that the victory was not due to donald trump's leadership. it happened despite his ineptitude as commander-in-chief. what do you make of that? >> i just think it is fascinating to see somebody say ineptitude, commander and chief after takedown of the number one terrorist in the world. because he did work for somebody who called isis, which was made up of a million men at one point. started off with 25,000, went up to 100,000, talked to jack keane on our show, he called them the jv team. he thought it was such a great idea, joe biden in particular, general mattis, i don't know if you asked him this, it is in his book, general mattis told vice president biden if you pull our troops out of iraq, terrorist activity, the sunni, shia relationship will have iraq roiled in uproar in very short

period of time. he pulled them out anyway. then we got isis. then we got a laky, they kicked them out of iraq and the caliphate that was part of the vice president's regime, last time he had keys to the kingdom. he is calling president trump inept. yesterday on sunday he called him on "60 minutes," an idiot. when it comes to foreign policy, not reinforcing the red line. allowing 500 to 700,000 people in syria killed by assad. he said he would have to go. he didn't reinforce that red line. he used chemical weapons. i find that very rich. stuart: totally in agreement with you there. rich indeed. that is sarcasm. let me change the subject. retired patriots tight end, gronk, he hinted he would return unretired, go back to the nfl, if he could use cbd as pain

management. now the nfl won't allow that at this moment. do you think they should allow cbd? >> i think something has to be looked at, probably next year or two, negotiated with the new cba and players. 25 states and saying pot is legal, half says it is not, they might look at their drug rules, like it or not, saying they're antiquated. but cbd doesn't have quality that is hall louis again nick. it is used in pain management. this industry is growing in leaps an bounds. you talked to rob, right? he is out of pain first time in five years. he would be crazy to go back. does he still know there is tackle football and people hit you very hard. the pain will be delayed but coming back strong? no one is hitting him on "fox nfl sunday." howie long doesn't take a swig anymore. -- swing anymore. no more eye black. the patriots are unkey feeted

without you, rob. stay home. stuart: isn't the average life, playing career in the nfl, isn't it what about four years? my point would be, couldn't you extend that if you allowed cbd or real pain management like this? >> i don't know. stuart yo if it masks pain. i don't feel the thigh bruise like i used to. my head is ringing not like it should. cbd is great when you're done, in the off-season. in off-season find a way to do it. you don't want people bringing bongs into the locker room. the coach is getting me stressed. i need to get a little high. stuart: it is cbd. not thc. >> right. you know everything. how do you know so much about this? stuart: good one, brian. your time is up. is the time up, i think it is? going back to the radio show now? >> i have nowhere else to go. my audience can't wait to talk

to me unlike you trying to get rid of me. that is unbelievable. you blew me off. having the great conversation, cut me off, threw me out because i don't want to get high in the locker room. stuart: i'm told i'm being wrapped. you got to go. you're done. >> it is your show, stuart. you can do whatever you want. stuart: that is true. thank you, brian. see you later. >> that is your choice. stuart: okay. amazon, has announced, whoa, free two hour grocery delivery. kroger and walmart have dropped on that news. the stocks have dropped on that