them all. just letting you know, futures are up, showing about 111 point gain on a stronger than expected, some are going to say not nearly as weak as expected, employment report but they are off to the races. let's see how long it goes. to my friend stuart varney. stuart: good morning, neil. good morning, everyone. okay. 46,000 general motors workers were on strike while the jobs report was being compiled. that did not have much of an impact on the numbers. they still came in strong. look at this. 128,000 new jobs created. okay. the unemployment rate ticked up a fraction to 3.6%. still near historic lows. and wages, up 3% over the last year. that's a very strong jobs report. full employment, plenty of new jobs, rising wages. here's the market reaction. loves it. the dow industrials will be up over 100 points at the open. the s&p up about a half percentage point. the nasdaq will gain about a half percentage point.

impeachment, no impact on the market at all. this is all about economic growth, profits. and by the way, the slowdown in manufacturing, that is a factor, we are going to get new numbers on that one hour from now. and larry kudlow joins us right after the market opens, about a half hour from now. i think he's going to be happy at this jobs report. yes, it is a typically big friday show. look what we have for you. fox news reveals senator warren's medicare for all plan costs $52 trillion. how do you pay for that without taxing middle america? the revolution in entertainment, that would be streaming, takes off today with the start of apple tv plus. it's free if you buy a new apple device. hey, that may mean an installed base of over 100 million in the first year. president trump leaves new york for good. forget trump tower on fifth avenue. mar-a-lago florida is his new permanent residence. he's joined the tax exodus.

new york governor cuomo treats good riddance. now, that's a show. "varney & company" is about to begin. stuart: here it comes. the presidential tweet on the jobs report. here it is. wow, a blowout jobs number just out. adjusted for revisions and the general motors strike, 303,000. this is far greater than expectations. usa rocks. that just came to us. so too did this. look at fitbit. acquired by google, according to a report from dow jones, and the stock has been halted. the buying price we expect to be $7.35 per share. we do expect it to open up when it opens. that's just happening. now, the president is also eyeing new tax cuts. edward lawrence joins us. what do you have for us?

good stuff. reporter: you know, we talked about this, where the president wants tax cuts 2.0. now "the washington post" reporting the white house is actually having those conversations or starting them with republican lawmakers in congress. now, the federal reserve chairman says that monetary policy can only go so far to keep this expansion going. there needs to be some other type of boost. you have consumer spending driving this economy forward, manufacturing is weak as well as business investment, so to keep that consumer spending going, the white house seems to be looking at this tax cut 2.0. that would drive the consumer to continue to spend and keep that expansion going. again, the fed chairman saying the monetary policy can't do all of it, there needs to be some fiscal policy. the president hoping this could be it. stuart? stuart: we don't know which taxes would be cut, no specifics? reporter: exactly. there are no specifics on this plan. we understand the conversations are starting. it's in larry kudlow's office,

the white house economic adviser who you will hear from later on in this show but again, those conversations starting as to how they are going to do this. it will be tough in congress because democrats control the house and they are not going to be for more tax cuts. stuart: it's an advertisement for re-elect me in 2020. and you get a tax cut. by the way, thank you, edward, larry kudlow, the man in the middle of all this tax cutting, will be with us just after 9:30 when the market opens this morning. about 9:35. now this one. hard to believe. the warren campaign rolling out its medicare for all plan. hillary vaughn, come in, please. the price tag is what, $52 trillion? reporter: $52 trillion. that's about $20 trillion more than bernie sanders' plan. here's how elizabeth warren says today her long-awaited plan of how she's going to pay for it. $20 trillion in taxes on employers, financial institutions and the ultra-wealthy large corporations, essentially in the form of a payroll tax which a lot of people argue that would ultimately trickle down to

workers. she also is going to pay for that with a $9 trillion in new medicare taxes on all employers over the next ten years. she also says she's going to add in money that's already being spent by government, corporations and employees on medicare and medicaid to supplement that and she says after all of that, if she still comes up short, she has a supplemental employer medicare contribution that is specifically targeted at extremely high executive compensation and stock buy-back rates of companies that have extremely high compensation and stock buy-back rates. after all these cost issues, elizabeth warren admits that two million people could probably end up losing their jobs but she insists middle class taxes will not go up. stuart? stuart: you have to laugh. hillary, thank you very much indeed. i'm sure we will see a lot of you today. thank you. all right. the jobs report. come in, paul conway, former labor department chief of staff under bush 43. you're smiling. >> i am.

stuart: i agree with you. that's a pretty strong report. right? >> it's extremely strong. at the top line, here's what it is. it's a robust economy, a resilient economy and really what you are seeing on display here, full display, is conservative policy determines opportunity. i think it's important to keep that in mind as we head into 2020 and listen to the responses to this report today and all the spin, because the headwinds for this report, as have been reported, you had the gm strike, you had the boeing max issue going on and you have ongoing trade issues. but when you take a look at the adjustments for the numbers, the preceding two months, i don't think anybody can argue that you have sound policy, you have a tremendous amount of opportunity being created here and it's a very good day for the president and the administration and for the american worker. stuart: the president did tweet, he says look, you adjust for various items and you adjust for the gm strike and you've got 303,000 i believe that was jobs created. is that a valid number? where did he get that number from?

>> i will assume that what they took a look at was if you take 50,000 workers approximately on strike and then you also had within the supply chain for gm an estimated number of up to 200,000 other jobs, and then he may be taking a look at the numbers of those that are readjusted but somewhere in the mix he's factoring out the drag factors of the past month because that gm strike happened while the bls report was being put together over the past four weeks. it was the longest strike they've had i think since the 1970s. stuart: i do think, though, that the gm strike will have affected the manufacturing sector. that's why it's down so much in this report. i think we lost several thousand manufacturing jobs, right? >> yep. and the key thing about that is that was expected. so this is not an unknown factor, to have a dip in manufacturing related to gm, that was expected and it will be corrected when you take a look at the november numbers. stuart: all right. keep that smile going, paul conway. it was pretty good. see you again probably next month for the next report.

thanks. >> you bet. stuart: let's move aside here to a very strong statement from china's communist party this morning. could have an impact on trade talks. tell me. ashley: yes, they're doubling down, you could say, xi coming out of a four-day meeting basically saying we are going to remain strong, we are going to continue the supervision of economy from beijing and also went on to talk about hong kong in rather ominous ways, basically saying, calling for stronger safeguards there and a firmer stance, leading some to believe that maybe some new legal powers could be coming out of beijing to basically squash dissent. we don't know that. but that's kind of the feeling you get from this statement from the communist party. xi has been under fire, he's been criticized for his domineering style, that he has too much power in his hands, he came out of a four-day meeting with just as much power unscathed and speaking strong. stuart: they are going further down the authoritarian road. ashley: correct. stuart: the exact opposite of what america wants them to do. ashley: right. stuart: in the trade talks.

ashley: no sign of that. stuart: we will ask mr. kudlow about that later on this morning. let's get corporate and talk about the revolution in entertainment which is streaming. apple tv plus debuts today. mark douglas with steel house knows a lot about this stuff and is with us now. it occurs to me that if i buy an apple device over the next year, i get this apple tv plus for free. which means you might have an installed base within a few months of 100 million people. that's a pretty good start. >> it's a pretty good start if you believe in giving away free content. stuart: they can afford it. >> they can afford it. stuart: if they establish a base of 100, 150 million and convince them to pay a subscription at the end of the year, i'd say that's pretty good. >> they are pretty good -- this is apple's long game. it's not about tv. it's about they want to offer the entire world and what i will call an all entertainment package. watch it, listen to it, basically play it or read it. you can all get it from apple.

apple music, apple games, apple tv plus and apple news. so they are creating a whole new playing field in this market. separate from disney, separate from netflix. but they have to first get the amount of content on tv up so you're right, that's the initial strategy here. stuart: netflix is coming out i think today. is it 43 new series? is that right? 43 new series of original content? >> yeah, absolutely. so netflix, this is not that new from netflix. i think 43 is a bit of a particular big number. last year they did in the 30s in january. remember last christmas, netflix had birdbox as a cultural phenomenon. netflix is used to this. i think the biggest announcement from netflix was really quiet. they announced an original fictional podcast series. apple's long strategy, watch it, listen to it. on the day apple launches, netflix launches their first

fictional podcast. netflix sees what the strategy is. stuart: very smart. you do a podcast. >> i do. stuart: i don't know what a fictional one is. that's interesting. >> i have listened to some. they are basically like tv series. so you can do entertainment in the home. you also do it in your car. that's where the podcast comes in. stuart: it's about six leading streaming services that are going to be with us at some point. if i buy all six, i'm looking at an extra $70, $80 a month. i've still got to pay for internet and i've still got to pay for cable if i want to watch live sports and news. >> skinny bundles, yes. stuart: bottom line is i'm going to be asked to pay a whole lot more for screen ints tentertain very soon. >> disney, netflix, apple is free for now. the third spot is the big spot. netflix and disney have it locked down on the first two. stuart: they will take a lot of money out of me. >> yeah, you will be shelling out cash for sure.

stuart: thank you, sir. good stuff. pinterest, watch that stock go down at the opening bell today. down about 21%. it's an online bulletin board. they have an outlook that fell short of what was hoped for. i'm going to ask if that's a failed unicorn. good question, because it was a unicorn and it's down 21% today. we have avis, car rental company, of course. it gave a not so rosy forecast. that stock down 10% because of that. u.s. steel lost less money. we don't like to talk about expectations but they lost less than expected. that's why the stock is up 6.5%. how about futures overall on this jobs market day. a lot else going on as well. we will open up 100 points for the dow industrials, well above 27,000. the s&p and nasdaq going up as well. the president tapping his network of donors to raise money for senators who have his back on impeachment.

maybe impeachment is very good for fund-raising. i think it is. and we have the president, life-long new yorker, has declared himself a resident of florida. he's a tax exile. good story right there. and the top economic guy at the white house, larry kudlow, on the show in this hour. lot to go at with him. i'm sure he's going to love that jobs report. "varney & company" just getting started. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪

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the president raise on the impeachment issue in the first 24 hours? >> we raised over $5 million in the first 24 hours before nancy pelosi, keep in mind, even had read the transcript and it's been pouring in ever since and especially now that they've gone even further to codify what adam schiff has been doing which behind closed doors in the basement of the capitol, twisting arms, pressuring witnesses, shutting down republicans' line of questioning to pursue his impeachment by leak and people are outraged by this. stuart: is this the base outraged at impeachment? i mean, are they fired up about this? >> people have had enough. we have seen this game before. these are the democrats who have considered president trump guilty before there was ever a phone call and ukraine hoax, before there was ever a mueller report and russia collusion hoax. they have always considered him guilty of winning the 2016 election. they have tried every dirty trick in the book.

they have leaked, they sabotaged and now this is the same game that they have been playing. people have had enough. when are the democrats going to work for us? when are they going to get back to issues like infrastructure, the border, health care? stuart: are you going to say that in the political ads which are no doubt i'm going to be seeing? >> we already are. we already are. unprecedented ad buy, the rnc hadn't done in years, because we've got this influx of grassroots fund-raising to push back, to hold the 31 democrats in trump districts who lied to their constituents, who said they wanted to work across the aisle. they said they wanted to get things done for the american people and what did they do? they sided with rashida tlaib. stuart: i think you sent them moving boxes, didn't you? you sent them moving boxes. >> exactly. stuart: thank you very much for being with us. >> so good to see you. stuart: thank you. thank you. check futures. we are going up. very good jobs report this morning. the dow is going to be up well over 100 points at the opening

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stuart: president trump says good-bye to new york and hello to florida, which will become his now, i believe, his primary residence. jackie deangelis is right outside trump tower on fifth avenue, new york. i think i know why he's doing this but why don't you spell it out, jackie? jackie: good morning, stuart. the first thing people thought is he's doing it for tax purposes. the president actually says that's not why he's doing it. in a tweet he said that despite the fact he paid millions of dollars in taxes to new york city and new york state, he's being treated badly by the political leaders on a city and state level. governor cuomo, he responded to president trump and he said quote, good riddance, it's not like mr. trump pays taxes here anyway. he's all yours, florida. so it looks like there's not necessarily any love lost here. now, the "new york times" reports that since he became president, trump spent 99 days at mar-a-lago in florida where he's declaring his residence and only 20 days here at trump

tower, where he's lived since the 1980s. but there are a lot of wealthy people who have left not for political reasons, but for tax purposes. the most recent billionaire to announce his departure, carl icahn. we know david tepper left new jersey for similar reasons not long ago. in 2018, 63,722 new yorkers, according to the census bureau, left new york to florida. more than half a million people out of state did the same thing. back to you. stuart: the taxes will do it every time. ashley: tax rate 9%, city, 4%, state tax, 16%. goes away when he moves to florida. stuart: smart move. futures, look at them, please. looks good. the dow is going to be up almost 100 points at the opening bell, 15 up for the s&p, 40 for the nasdaq. what a day. we will cover it after this. so ...how are you feeling?

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she was demoted after she announced she was pregnant. she was criticized for taking maternity leave and then fired when she came back and complained about the above two issues. she says in one instance, she claims that neumann himself told her quote, i hope you're going to have fun on your vacation while we are here working, when she went on maternity leave. not good stuff. just another black eye for a company that already has plenty. stuart: adam neumann almost single-handedly shocked the ipo market. ashley: disaster. stuart: they are a disaster. ashley: walking away with well over a billion dollars. stuart: that's the outrage. and walks away with well over a billion dollars, having ruined the company that he founded. ashley: wrecked it. wrecked it. stuart: lost a ton of money for softbank and wrecked the ipo market. ashley: now he's facing more charges. stuart: way to go, adam. that's unkind of me, but okay. it's almost 9:30 eastern time.

in just a few seconds, we will open this market and we confidently predict a nice rally from the get-go. we had a very strong jobs report this morning, lots of other good stuff going on as well including strong profits, strong wages, full employment and here we go. it is 9:30. they are starting to trade. let's see how high it goes from the get-go. not bad at all. 134 points up. that's a half percentage point up for the dow industrials. there you go. a lot of green on the left-hand side of the screen and not all the dow 30 have yet opened. we are up 144 points right from the start. we like it on a friday. good way to go. how about the s&p 500? that also, that's a new all-time high, also up a half percentage point. give me that nasdaq. that too is up. that's an all-time high. thank you very much, everyone. up .6%, nearly 50 points up for the nasdaq. all firing on good cylinders all across the board. ashley: our work is done.

stuart: fitbit acquired by google, up at $7.23 per share, a 17% gain. going the other way, pinterest, down really big. they're not making enough money on ads and the stock is down 22%. dare i call that one of the failing unicorns. all right. i will say that anyway. apple rolling out its streaming service today. the stock is awfully close to $250 a share. first thing this friday morning. david dietz is with us, ashley webster is with us, we are all together now with the jobs report. it was a strong report, in my opinion. you're not going to contradict me. >> absolutely. much better than expected. of course, we have to remember that they also raised how many jobs were created back in august, back in september. it was up by about 30% in both of those months. you know, it causes you to think how accurate are they when

counting the new jobs created. but that changes in the right direction. what i also liked was the fact that entertainment spending or job creation was up sharply which suggests the consumer is out there spending. this is not suggesting recession is around the corner. i think jerome powell should take a victory lap for putting pause on more rate cuts. stuart: but will he cut rates anymore. >> going to be data dependent. stuart: data dependent. ashley: it was a great jobs report. we talked about the effect of gm, 50,000 jobs, but there were many other jobs affected by that. those businesses operate around the plot, the supply stores and all of that, they were hit hard, too. so to get this number is very impressive. stuart: it was a stronger report than the actual numbers imply. ashley: correct. stuart: because of the gm strike and the furloughing of workers that supply general motors. ashley: exactly. stuart: all good stuff. the dow industrials up 142 points. the s&p is up a half percent. the nasdaq is up better -- no, nasdaq is up a half percent. s&p is up better than a half

percent. you've got all-time highs for both the nasdaq and the s&p 500. then we have china. they have turned on their 5g network. china's huawei has 5g enabled phones, apple iphones are not yet 5g enabled. nonetheless, apple has gone to -- ashley: they were ahead of the game on this. they even did it sooner than they said they would. from what i'm seeing, it's about $18 per month for three of the china carriers, all charging about $18 a month for 5g. stuart: with the dow up close to 150, and a strong jobs report, guess who we have with us right now? i expect to see a big smile. i demand a smile. thank you. larry kudlow, right there at the white house. larry, forgive me, but i want to talk about tax cuts first of all. reportedly, you are the guy in charge of a new round of tax cuts coming up in the future. can you tell us more about this?

because i can't see this congress allowing any more tax cuts. >> well, look, this is kind of a new rendition of an older story. we are calling it tax cuts 2.0. the president has referred to it, we have spoken about it. this is something we're working on right now, it's informal. i don't really have anything specific to report. stuart: is it kind of a campaign issue? >> yes. stuart: vote for me and you will get tax cuts in the second term? >> well, i don't know if -- i don't know i would put it exactly that way. what i would say is this. the president would love to see another round of lower taxes to help middle income workers and wage earners give them as much disposable income as possible. we are talking again, informally at this moment, we are talking to the best folks, my friend kevin brady on capitol hill, we

will be talking to house members, we will be talking to senate members, we are obviously working inside the administration with our colleagues here. there's nothing formal in the process. i don't have any details. but we would like to see the middle class tax cuts. it will be announced during the campaign and let's just see where it takes us. that's all. stuart: okay. 128,000 new jobs reported in today's report. was it actually better than that? the president implies that it's more like 300,000 if you add in revisions and gm. was it much better? >> that is correct. this really was the blowout number. i just want to say, americans are working and earning really, really well. the president was correct. i will just go through it. i hope you have a pencil and a clean pad, stuart. i want you to nail this down. stuart: get right at it, please. >> the unadjusted number is 128,000 which was a lot higher than the consensus 75 but look, you have to go this way. revisions in the prior month,

95,000. that gets you to 223,000. you also have to adjust for 60,000 workers in the gm strike. that's very important. that gets you to 283. and the census bureau people who left a job, that gets you to 20,000. the total is, in fact, 300,000, 303,000, to be precise. that is a blowout number. we have seen nothing like it. it shows, by the by, that the labor market is still strong, consumers and wage earners are still strong. as i said, america is working. i think people are underestimating the underlying strength of this economy and i want to also add this. it is a middle class boom. this is a middle class boom based on census data and other sources and just two and a half years, we have generated after tax $5,000 increase in income.

that's inflation adjusted. $5,000 is roughly a 7% increase from the prior administration. i think people overlook the fact that this is a middle class boom and one last point on the middle class boom. just in today's report on wages, overall wage gains were 3% for the past 12 months. that's a good number by itself. but non-supervisory production workers, up 3.5%. so actually, the non-supervisory production workers are doing better than their managers, at 66,000, there's middle income wage boom. it's a $5,000 after-tax increase what my former boss, ronald reagan, used to call take-home pay. that's a huge improvement in just two and a half years and i think president trump's policies, look, president trump's policies to rebuild the

economy, low taxes, deregulation, opening up energy, fighting for lower trade barriers, these things are all paying off. we've had head winds from an overly tight monetary policy that fortunately now is swinging into more accommodation. we've had head winds from a very poor story in europe where they are virtually in a recession, but because of these incentive-oriented supply side policies, businesses are flourishing, workers are flourishings, middle income families are flourishing. 303,000 jobs, that's the real accounting for this month's numbers. stuart: can i just ask for your comment on the other side of the coin? we found today senator warren's plan for medicare for all, a cost of $52 trillion over ten years. $20 trillion of that would come from a new payroll tax on employers and corporations. $9 trillion on a medicare tax of

some sort. the rest would come from the rich. i mean, that means that the middle class in america is going to pay more in tax but my question is, what do you think that would, if implemented, what do you think that would do to the economy? >> i think it would be devastating to the economy. this idea of medicare for all and the so-called green new deal and other proposals i've heard, i don't want to get into politics and policy grounds, this would have a devastating catastrophic effect, would probably take out as much as 15% to 20% of our entire gdp. these numbers run upwards of $100 trillion and let's get really serious about this. let's get where, for example, at a recent forum here in washington, larry summers, who is a democratic adviser, agreed with others the only way you can even think about covering this

massive spending program which would deny 180 million people their own insurance, okay, the only way is for deep, heavy, onerous middle class tax increases. let's be very clear. it is the middle class who would have to pay the extra $100 billion or more to finance this kind of socialist government takeover of health care. it would have a catastrophic effect on the economy and all these numbers that we're seeing, all these numbers, on incomes per household, on wage increases, on jobs, all these numbers would literally evaporate and by the by, so would the stock market. stuart: okay. we haven't talked much about china trade recently. it's receded from the front burner. but the communist party in beijing just wrapped up a four-day meeting and they want to strengthen sovereignty, they want to strengthen xi jinping's leadership position, they want to increase supervision over the

economy and governance of companies in china. they have taken a very hard line solidifying that hard line behind xi jinping. how can you do a trade deal, an extensive trade deal, with a country that's retreating into an extremely hard line authoritarian regime? how do you get them to change? >> well, look, i can't really speak to the issues of the internal chinese communist politicking. i can't really speak to those issues. here's what i know. regarding the trade deal, president trump has been very optimistic about the trade deal. so have our lead negotiators, treasury secretary mnuchin and trade ambassador lighthizer. as you and i are talking right now, those principals are negotiating right now. liu he, vice premier from china, and mr. mnuchin and mr. lighthizer, literally as you and i are talking, they are negotiating. take a look at the reports or

the statements coming out of the chinese foreign ministry, the chinese commerce ministry, chinese finance ministry. they are all positive comments. now, the deal on phase one is not yet completed, okay. however, having said that, the agriculture chapter is virtually completed and by the way, it's not just buying another $40 billion or $50 billion of farm ags although that's very important. it also will open up and reduce a lot of barriers and onerous regulations that will allow american farmers who are the most productive in the world to export to china. that's point number one. point number two, the financial services chapter where companies will be able to get to 100% ownership, insurance, security firms, investment banks, commercial banks, that chapter is virtually wrapped up. the currency stability and manipulation chapter is virtually wrapped up.

enormous progress has been made on the intellectual property theft issue. that one's not completed but there's lots of progress. forced transfer of technology, there has been some progress but that will probably slip into phase two. here's my point. apart from the communist party politics, i'm no expert on that, the actual specifics of phase one of the trade deal are moving along very well, positive, constructive, steady talks going on. president trump himself has tweeted several times that he's looking forward to a completion of phase one and is looking forward to finding a new venue to meet with president xi of china. so i'm pretty optimistic about that story. it's not completed yet, to be sure. but i'm quite optimistic. stuart: larry, are you prepared to forecast 3% growth for the economy by the early part of next year? >> i am. i will. look, we have had two straight

2% quarters, soft, all right. we faced incredibly severe monetary policy headwinds. i wish they hadn't but they did. i think that was a mistake. on the other hand, on the other hand, that obstacle is now being gradually removed so the target rate is down to 1.5% to 1.75%. the balance sheet is again growing. the monetary base is growing. and the yield curve is normalizing. so long-term rates are rising above short-term rates. those are good signs, that removes an obstacle to growth. i think that will get us back to the 3% plus where we were for most of 2017 and most of 2018. i think that's a plus. i think the china deal is a plus. i think usmca still has a very good outlook. that's going to be a big plus. probably the biggest head wind we have right now is there's still a recession in europe. we sell a lot of goods manufactured to europe. i wish they would cut taxes and

deregulate, maybe take a lease from the successes of president trump. the brexit story, i'm not -- i'm not sure. it looks to me like there's a deal going on, but then again, stu, you know more about this stuff than i do -- stuart: no, i don't. i'm american. >> i guess you are. you are a great american. but the fact is prime minister johnson is going to call an election. i reckon he will win the election but what do i know. president trump would love to do a trade deal. he would love to do a trade deal with the new united kingdom, if you will, but we are concerned about some of the eu regulations and stipulations. we'll see how that turns out. all i know is our china trade is the right direction. usmca trade deal is in the right direction. today's blowout numbers with 303,000 jobs and a middle class tax -- middle class income boom going on, this is terrific stuff. do not sell this economy short.

do not sell short market opening deregulation supply side tax cut policies and the president's determined efforts to reduce import barriers to defend american workers and the american economy. stuart: larry kudlow, you have the unequalled ability to get everything in so i've got one last one for you. president trump leaving new york, going to be a permanent resident of florida. a, do you blame him. b, are you going to follow? >> no, i do not blame him one bit. i will leave it there. am i going to -- you know, stu, i'm a day at a time guy. right here, i'm talking to you, it's a little bit chilly here in washington, d.c., but i am enjoying the greatest job of my life, it's a great honor for me to work for president trump. all i know is today my saintly wife judy and i live in a

townhouse in washington, d.c. and we are thrilled and blessed to be here. stuart: we hope you are well indeed. from us to you. mr. kudlow, we always thank you. come back again soon. thank you, sir. appreciate it. okay. well, larry kudlow had a lot to say. the market was up significantly when he started to talk and it's still up significantly at the end of the interview. i believe we have paul conway, david dietze, ashley still with us. paul, for you first, what stood out to me was what the president -- what larry kudlow said about you really look at the numbers, look hard, it's more like 300,000 jobs last month, not 128,000. go ahead. back it up. >> well, i tell you what, this is where the resiliency issue comes in here and the robustness of the economy, because the economy has been able to absorb the gm strike which was the largest since 1970, but the other thing that the economy has been able to do here, you hear the adjustments being made there, are other jobs that are

in the supply chain, the adjustments for august and september, all pointed north and upward revisions, and then the issue of the census bureau, these are workers that come in, do the census, then leave. but you take all of those different factors, and it's a very strong economy and you take what mr. kudlow was talking about and what did he end on? he's basically saying that policy matters. he's going to leave the politics to other people but as the president of the heritage foundation says, good policy equals good politics. i think that's a territory that you are headed in. stuart: paul, david dietze with me. mr. kudlow also said confidently that we will get to 3% growth in the early part of next year. we have had two quarters of 2% growth. he says 3%. can you back that up? >> i do not disagree with him and here's why. last year, we were fighting against the federal reserve which unwittingly was raising interest rates when the whole world was slowing down and we need lower interest rates. then of course they turned the corner this year. so the first half of this year, we were fighting interest rates

that were too high. now we have had three cuts and we can see what that's doing to the refinancing market, we can see what it's doing to the employment market and i think we are on the right trend here. yeah, 3%, good work. ashley: lots of good things to say about the trade negotiations with china. they are going on as we speak. he said u.s. negotiators, very optimistic about a u.s./china trade deal. he actually went into intellectual property, says they are making good progress, probably won't be in the phase one agreement, but i thought it was all very positive on that end. stuart: he did. he picked out various areas of the trade talks and went through them. i think that's why president trump just the other day said 60% of the trade deal is done and agreed to. larry kudlow backed that up. i think that's all pretty positive stuff for the markets. okay. that's where we are now. dow is up 157. look at that. alibaba is a separate story here. they did very well, alibaba will be up today. dow is up 156 points.

that is about a half percentage point. the nasdaq is up, i'm squinting here, .66%. very solid gain there. new high, by the way, for the nasdaq. the s&p is up .6%. that is up 18 points. that's another all-time high. the dow is up 156. again, i'm going to try to do the math. it's at 27,200. it's 150 odd points away from its all-time high. ashley: coming up at the top of the hour now, less than ten minutes, we will get the manufacturing number, the ism manufacturing has been in contraction for the last two months. interesting to see where we stand in this latest report for october. stuart: it is indeed. thank you very much for paul conway, for david dietze. you stay, ash. ashley: i'm not going anywhere. stuart: thank you, gentlemen. we appreciate it. the dow industrials, look at the dow 30. let's spread across the board here. this is a rally. we are up 160. well over three-quarters of the

dow 30 are in the green. they're up. next one, wildfires truly devastating california. i say it's the left's climate policies that are helping to destroy that state. i think that's my opinion. larry elder is our voice of reason from california. he's coming up next. let's see if he disagrees with me. larry elder after this. car like i treat mine. adp helps airtech automotive streamline payroll and hr, so welby torres can achieve what he's working for. you may have gingivitis. when you brush, and the clock could be ticking towards bad breath, receding gums, and possibly... tooth loss. help turn back the clock on gingivitis with parodontax. leave bleeding gums behind. parodontax.

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stuart: we just concluded i think it was about a ten-minute interview with the top white house economic guy, larry kudlow. edward lawrence was watching and listening, and would you summarize what mr. kudlow had to say about china trade? because that made news and i think it's moved the market. reporter: it did. you know, i said wow, actually, this is a rundown we have not heard before about where they are exactly right now in this trade deal. he said the agriculture part of the trade deal almost 100% complete. not just the $40 billion to $50 billion worth of ag buy but also larry kudlow says that they reduced barriers to get our products into china there. he also talked about the section on not forcing companies to join with chinese companies, that 100% or that partnership, so foreign entities could have 100% ownership inside of china, almost complete, he said. on i.p. theft, it is not

completed in that session but there is progress towards that front. that's going to be in that phase one deal, he said. and also, which is really interesting, they're looking for a place still to sign this phase one deal. so they haven't abandoned possibly that time frame. it appears that they are moving towards that progress to have that phase one deal done in the next several weeks or so. really good interview. stuart: thank you very much. but that's a great rundown of the china trade story and it has indeed moved the market because now we are up 180 points. now, coming up at the top of the hour, we get the latest read on manufacturing. that could be something of a fly in today's ointment. gerri willis at the new york stock exchange, what are the traders saying about manufacturing? gerri: i got to tell you, this could be more important than the jobs report. that's what the traders are telling me. and why? yesterday we had chicago manufacturing which was actually disappointing, less robust than expected. ism manufacturing has fallen for six straight months. they are on their longest losing

streak since 2016. there was news in that jobs report which could impact this number, which could foretell what's going to happen. 36,000 down, that was the manufacturing level so we'll watch for that. thank you. stuart: thank you very much. we'll have the number in, what, three minutes' time. more "varney" after this. as soon as the homeowners arrive, we'll inform them that liberty mutual customizes home insurance, so they'll only pay for what they need. your turn to keep watch, limu. wake me up if you see anything. [ snoring ] [ loud squawking and siren blaring ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ most people think of verizon .bl .

(woman) and build ai customer experiences. we also keep them ready for the next big opportunity. like 5g. almost all the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. ♪ about being a scientist at 3m. i wanted them to know that innovation is not just about that one 'a-ha' moment. science is a process. it takes time, dedication. it's a journey. we're constantly asking ourselves, 'how can we do things better and better?' what we make has to work. we strive to protect you. at 3m, we're in pursuit of solutions that make people's lives better.

so why isn't it all about you when it comes to your money? so. what's on your mind? we are a 97-year-old firm built for right now. edward jones. it's time for investing to feel individual. stuart: precisely 10 eastern time we have the knaus on manufacturing. what is it, ash? ashley: 48.3. that is not a great number. we've seen a contraction three months in a row, august, september, now october. anything below 50 shows contraction. 35 straight months of expansion. since august things slowed down. this is another indication. stuart: the market went up a little bit as the news was announced. ashley: maybe another rate cut later in the year. stuart: that weakness in

manufacturing is only fly in the ointment. i don't know whether the manufacturing number is affected by the gm strike. we don't know that. construction spending a little rosier up half a percent. a little boost in construction spending. stuart: the dow industrials are still up, 160, 170 points. 150 points shy of the all-time high. jonathan hoenig, love the title of his hedge fund, the capitalist pig hedge fund. fox news contributor as well. jonathan, don't you tear pour cold water over this economy and market rally. you're not going to do that, are you? >> you can't that especially with jobs. manufacture something another issue as ashley alluded to. ism number below 50. what does that mean? manufacturing i'm saying has been one of the president's main initiatives when it comes to the economy, mr. kudlow as well, manufacturing continues to slow. the previous print was the lowest indication of

manufacturing in a decade. that is the sticky wicket. the good news is jobs. you can't pour cold water on it. blowout number. what the participation rate. obama years, participation rate was down. this participation rate up now to 63.3%. more people are working. so whatever you think of where the market is going this economy is firing on all cylinders. stuart: address the market. we have a handsome rally. new high for the s&p. new high for the nasdaq. you will not pour cold water on the market rally, are you? >> old saying don't fight the tape. all-time highs begat all-time highs. stocks like jpmorgan, microsoft, favorite of yours at 52-week highs or all-time highs. but for me, stuart, as a contrarian ironically a lot of fundamentally good data. from a macroeconomic perspective, the time to buy the market when unemployment was

10%, 12% in 2018, 2009. things are better right now. i'm looking for ideas that aren't correlated to the major indices. even if it is value stocks which really lagged the major indices, left behind. look for ideas that other investors are not talking about. stuart: we have a audience, large audience of people who are not professional traders but they are mostly investors. do you think that they should sell now at all? >> well you know, stuart i always say i'm a trader when i'm wrong and i'm an investor when i'm right. if you have winning open positions you can live with not a dominant part of the portfolio i think you should hole on to them. if you're looking to reallocate capital, a lump sum distribution, money to put to work, put in areas that haven't participated in the rally. there is big wide world out there. there are places to make money everyone else is not talking about. focus on what others are dumping. that is the way to make money.

stuart: the dow industrials up over 200 points. i want to go back to the larry kudlow interview. jonathan, listen what he said about china trade. very important, roll tape. >> take a look at reports or statements out of the chinese foreign ministry, the chinese commerce ministry, chinese finance ministry. they're all positive comments. the agriculture chapter is virtually completed. by the way, it is not just buying another 40 or $50 billion of farm ags although that is very important. it also will open up and reduce a lot of barriers and onerous regulations that will allow american farmers who are the most productive in the world to export to china. enormous progress has been made on the intellectual property issues. stuart: don't throw coldwater on that, jonathan hoenig. >> larry kudlow is doing what he does so well, stuart. it was a fascinating interview.

he is previewing the "waiting for gadot" china trade deal, almost two years after the trade war started still hasn't come. i hope it gets settled. the president was right if we had a trade deal, the president said the dow might be twice the price. that might be hyperbolic. every ceo cited trade war with china. it is costing american corporations 3 to $8 billion per tariffs a month alone. i was happy to see mr. kudlow preview it, catty bar the door. stuart: jonathan, you had the three minutes. mr. hoenig. see you soon. switch from pure money, talk a little politics here. got a new poll for you. almost evenly split. our country, almost evenly split on impeaching president trump, removing him from office. that is even split. 49 say yes, remove him, 47% say

don't. i can't believe that. bill cassidy, republican from louisiana, joining us from new york. >> thanks, stuart. stuart: i can't believe those numbers, that half our people want to remove president from office. >> stuarts, selective leaks of one side of the story without any counterargument being leaked simultaneously, of course people will be persuaded. if you look at that poll, 51% of people, a majority, think the democrats are using this for political purposes. now so they're yeah, i don't like it but i also see what they're doing. it become as little bit more easily understood in that case. stuart: i think there will a backlash. i do not think americans wish to remove this president on the basis after phone call to the president of the ukraine. i think there will be a backlash getting him out of office. >> two things about that. woman cuts my hair says i don't care about president trump but i

love my 401(k). stuart: really? so true. >> so true. second aspect, for some when "the washington post" on the day the president was inaugurated had a headline said, push to impeach trump begins. it seems foreordained they were going to push for impeachment. just a question of finding the issue that would allow them to proceed. if it seems foreordained, this doesn't work that doesn't work, now we have a phone call which may be poor judgment, probably not high crimes and misdemeanor, i think american people will see through that. if that is all they have, that is all they have. stuart: before we leave you, mr. senator, i want to refer to what i think the most important development in america many years, that is our energy dominance. your state, louisiana, has played a huge role. you're exporting natural gas from louisiana in large quantities with a whole lot more to come. tell me more. >> president trump had clarity wants the united states to be

energy dominant. it is developing jobs from the wellhead downstream to the lng export plant. we're shipping goods around the world. we're replacing chinese coal with american gas which lowers greenhouse gases. stuart: are they buying american gas. >> currently buying from qatar and australia some of our gas. point being, germany, instead of using coal, they use nat-gas, they lowered greenhouse gas emissions. we weaken the economy of both russia and iran. this has environmental, political, economic benefits for people in louisiana also around the world. thank goodness president trump declared energy dominance. >> welcome to new york, mr. senator. great to see you. i'm sure we'll see you soon. >> thank you. stuart: dow industrials up. now this. in 1983 donald trump moved into a skyscraper at number 721 fifth avenue in new york city. that would be trump tower.

here's the news. he's leaving. mar-a-lago in florida will be his new permanent residence. he will join the army of people walking away from places like new york where taxes are sky-high. people with money are routinely held in contempt. in florida, mr. trump will not pay new york's top tax rate of 9% and new york city's 4%. that is a big chunk of money. living in mar-a-lago means no more state or city income taxes. his heirs will not have to pay the 16% estate tax. there is no death tax in florida. i met some people in this city who are keeping a daily log of exactly where they are at all times. they need a paper trail, receipts, ticket, credit card bills, you name it. you want to escape. you must prove you spend majority of the year outside new york. you must prove florida is really the place you live. better keep your florida fridge

well stocked. because new york's tax authorities may well drop in to check. mr. trump is a tax exile, yes he is and also a political exile. new york politicians hate him. governor cuomo tweeted, good riddance. mayor bill de blasio said he would not be welcome in this city after the presidency ends. new york congressman jerrold nadler had a beef with mr. trump years ago and is now a impeachment leader. manhattan district attorney, cyrus vance, jr., demands tax returns way before he was president. "the new york times" routinely calls him really ugly names. who can blame a president for leaving a city where he is taxed to the hilt and reviled by its leaders. this is story about america. which areas are in decline this? which areas are on the rise? the president is doing what millions of others are doing, he is leaving, taking his money, his drive with him. good for you, mr. president.

coming up later this hour, lara trump is here. i will ask about her father-in-law's decision to change residence to florida. was it high taxes or something else? we'll ask. apple's new streaming service out today. netflix released 43 new shows this month. who wins the content battle in the streaming wars. wildfires devastating california. unfortunately it is a becoming a familiar picture. the left's climate policies. they have a lot to do with destroying that state. can anyone in a state of 40 odd million people figure out how to stop this? our voice of reason in california, harry elder is next. ♪. ♪

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stuart: presidential tweet on the market, here it is. stock market up big.

record highs for s&p 500 and nasdaq. enjoy. he is right on all counts. record highs indeed. we have this from the official white house twitter account. the 2019 world series champion washington nationals will be visiting the white house on monday. yes indeed. the nationals beat the astros in seven games. there is always drama about sports teams visiting the white house. the nationals are in. that will be monday. california, the wildfires, christina coleman joins us, the latest, please, from wherever you are. reporter: i'm outside the country club in ventura county where hills are burning right now. the flames burned through the hills overnight. the maria fire started around 6:30 local time, south mountain, northwest of los angeles this fire burned about 8300-acres so

far. mandatory evacuations are in place for 7500 people. wind gusts up to 35 miles an hour fueled this fire. it is threatening 1800 structures in and around the unincorporated community of somis. there are ranches around here. animals can be held at ventura county fairgrounds. two structures are battling the blaze but aerial efforts were stopped by someone flying a drone in the area. evacuations have been lifted for thousands across the state as they get fires under control. it is unclear when people will be able to return home in this area because of the fast-moving fire. stuart: christina, be careful. i can see the fire behind you. thank you, christina. we have larry elder. the voice of reason from california. larry, in my opinion, some of the blame for what is going on in california has to be attached

the state's addiction to climate policies. i think that is part of the problem here. what say you? >> i think it's a big part of the problem, i absolutely agree with you and i told you a long time ago, stuart, i have a two-step plan to save california. keep illegal aliens, deport the democrat. for the last 20, 30 years, we've had anti-climate change policies, policies to save the spotted owl, discouraged logging in the industry, discouraged of trees. as a result there are four times as many trees per acre as is normally considered to be healthy as a result of these policies. the fires have far more fuel on to burn and with than years past. california always had droughts. we hauls had winds. the question why is it worse? there is more fuel because of anti-competitive, anti-logging policies. stuart: i haven't heard anybody say this is what we need to do? this is how we return our state to normality.

i have not heard anybody say anything like that at all. they blamed climate. >> that is easy to blame somebody else. the irony is, it hasn't really improved the quality of the air here in california. it is true a lot of manufacturing left as a result. the stuff that they would belch out in the air is gone but the products that the manufacturers make, we still want them. they're being imported back here. the overall foot print is probably the same or if not worse. stuart: time to move, larry. got fires. gas at $4 a gallon. highest taxes in the nation. highest income inequality. i have a spare room in teen my apartment in hoboken. are you coming? >> i might. the getty fire is only a few miles from my house. it is getting personal. stuart: the producer said, i smell a sitcom. larry and stu, back together. [laughter]. we shouldn't be laughing. this is a very serious thing. i don't want to make fun of it

but, we're glad you're on the show, larry. it is really heart break. >> fresh libertarian from west l.a. are. stuart: that would work. larry see you soon. >> you got it. stuart: democrats impeachment push. it is moving forward. in my opinion it's a vicious political game and the democrats will end up regretting it. i will explain that at the top of my take in the next hour. first a 14-year-old is named america's top scientist. developed a first aid liquid bandage, potentially, potentially replace antibiotics. that is impressive, isn't it? she is a ninth grader. she is here to tell her story next. the ♪. delivery drones, or the latest phones. no commission. no matter what you trade,

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stuart: you got to like the look of this. after a strong jobs report. all other positives, the dow industrials up 224 points. 27,270. that means we're what, about 70 point from the all-time high for the dow. ashley: yeah. stuart: look at the s&p, that is at an all-time record high, 3061. nasdaq i think that is a high, isn't it? nasdaq up 75 points. records across the board. now try this, our next guest 14 years old, scientist. she is a freshman in high school. she just won a national contest. she developed a first aid liquid bandage, liquid bandage. it uses nano silver technology to reduce the risk of infections. kara fan is with us here in new york. you are winner of the prize.

you are 14 years old. wait for it. tell me how the nano silver liquid bandage works? >> this is the nano bandage, that uses nano silver to kill back tear yow! in the form of liquid bandage. stuart: you break it down to the atomic level almost. >> yeah. stuart: how does it prevent infection? >> so the nano silver, the eye ons from the silver surrounds the cell wall of the bacteria and breaks it? stuart: how did you discover this? >> i searched online. stuart: you developed this, in your high school science class if no. i actually started this before i went to high school. stuart: you did? okay. now then, is it a, is it possibly a replacement for antibiotics? >> it could be a replacement for antibiotics but to reduce the overuse of antibiotics and use

less antibiotics. stuart: okay. it's a liquid. if i had a wound of some sort on my arm, you just slap the liquid on me, is that it? >> you spray it. stuart: you spray it. you don't slap it on. you spray it on. okay. have you ever thought of selling this to a pharmaceutical company? >> yeah i thought, maybe. stuart: that's good. that's really good, kara, don't hold back on selling to a big pharma company. you might just do that. where to from here? where to from here? >> i'm probably going to test, i'm probably going to test online other, like i'm probably going to test on superbugs, basically more dangerous bacteria. stuart: okay. >> which lab are you working in? >> i work on my home. in a lab in my home. stuart: you have a lab in your home? okay. how extensive is this lab. >> it is not that big.

i go to ucsd to look at nano part tells under electron microscope. stuff like that. stuart: we love having you on the show. you're a wild success. you introduced something extraordinary. we wish you the best of luck. >> thanks. stuart: we want to congratulate you doing what you have done. what was the prize by the way? >> i went to the new york stock exchange. i got to ring the closing bell. i also got 25,000. stuart: 25 what? >> 25,000. stuart: there you go. you saved the best till last. very advisable. that's very good. you can ring the bell at the new york stock exchange but the 25,000 bucks, that beats all. kara fan. thank you very much for joining us? thank you. stuart: appreciate it. apple's new streaming service kicks off today. they are promising quality over quantity. netflix launches 43 new shows this month alone. disney is about the join the

streaming party as well. "the next revolution" in entertainment but who wins the content battle? we'll try to figure that out for you. leaders in china just wrapped up a meeting on the future of the country. they're taking a hard-line. they want to strengthen president xi's power. we'll talk about impact we may have on the trade deals. that is 10:00 this morning. ♪. of a different kind. adp helps canyon ranch place the right people in the right jobs, so employees like dave can achieve what they're working for.

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ashley: good anthem song. stuart: you think so? okay. we'll take this one. let's move on. something good to show you, folks. look at this. dow industrials up 239 points. that is 27,286. real close to all-time high. records for the nasdaq. records for the s&p. broad-based rally. walgreen's, it is the top gainer of all the dow stocks. it is up 3%. see if i can find you a reason for that. walgreens doing very well. 56 bucks a share. this is a huge day for streaming. apple tv plus launches four new shows. curt knutson did i pronounce that right? apple tv plus, launches four shows, they don't get great reviews. >> one is getting phenomenal

reviews, "the morning show" with jennifer aniston and steve carrell. i have seen three of them. "see." stuart: with the "aquaman" guy. >> it was beautiful to watch. i had not gotten invested in the storyline but i think i will. stuart: okay. 43 new offerings today from netflix. >> yes. stuart: that is a big deal. >> look at it. let's look back at time. look back at when netflix really popped. i remember when it popped they were out there, reed hastings came out with this -- we'll mail disks to people. what? it worked. at one point i interviewed him. we'll not have disks soon. we'll be wireless. i said that is sheer craziness. if you remember, i hooked this up for my mom. she is like, i just don't get

it. i don't know how, the thing, until she is out at night with her friends, hey, did you see "orange is the new black"? all of sudden that show, lit up, suddenly, bam, bam. it was on. she suddenly, it inspired her beyond that learning curve, or inspired demand that netflix was waiting for when they got finally a hit, having spent so much money on content. that took a long time. so i don't think it's fair on november the 1st, the day that apple rolls out having spent $6 billion, not chump change, got 200 plus billion on hand, right? stuart: cash, they do. >> we have screw up money there, we can fix things. the fact it will take time to get traction and content. it does. you don't always get a hit. that is tv. stuart: a revolution in entertainment? >> it is. stuart: the way how we look at

screens. >> being in hollywood it is changing, the old school is sitting there watching the geeks take over. it is amazing. stuart: the studios, not exactly a thing of the past, but they're fading aren't they? making content for netflixs of this world? >> yes. thank you. they're leasing studios, production houses directly to the amazons and netflix and apples of the world. that is what is going on. today, you're right. screens, what does apple have that others don't have? a lot of screens. and they also found a way to create the app, the tv app, where apple tv plus now resides, that also works on amazon firestick. or, you know, on roku. on these other non-apple devices. so they're expanding their distribution. let's be honest. everybody, but everybody has one of these screens somewhere. stuart: yes, that is true. >> that is the key. if they can just get the programing that will light the

world on fire, do what it did to my people like my mom way back then. stuart: i counted, what is it, six streaming services. >> overwhelming. stuart: or coming. do you think there is room for all six to be profitable? >> of course not. no. how is it possible? are you and i really going home, look, this five dollars a month for apple tv plus, i will sample that i'm so care just, i think that is fair price. will it stay that price? i don't know. i'm already spending what, almost 12 bucks for netflix. i've got another amount i spend for hulu. i got suckered into the cbs app because i thought it was free trial, i forgot to cancel. it just adds up, adds up. we're intolerant -- stuart: that is a good point. in the long run, we'll be asked, us consumers will be asked to pay a whole lot more for this entertainment, because you're going to pay for various

streaming services. you will still get internet access. you still pay for that. you still pay for cable tv if you want live sports and news. add it all up, i think my entertainment bill will hit 250 bucks a month. i'll pay, maybe. but a lot of people won't. >> you're stuart varney, thank you very much indeed. >> it is chump change. at some point we realize, where did my money go? you start to see how the subscriptions we fallen -- ashley: nickel and diming. >> they nickel and diming. where does that take us then? bundling, consolidation? ashley: true. stuart: who is your winner? >> i think, i think netflix is, really owns the game right now. they really do. reed reed hastings has done a spectacular job globally. apple is ready to eat their lunch, get programing, get

awareness out, get it competitive, make it netflix at half the money, you got me. stuart: that is juggernaut. kurt, thank you very much, appreciate it. weir following your money, right-hand corner of your screen. the dow is. wwe, bringing women's wrestling to, saudi arabia, is that right? ashley: what did you notice about the video. they are fully clothed. first time they have ever been allowed to do this. they are dressing modestly in full body suits and t-shirts, to comply with kingdom's laws. interesting. this is the latest effort by saudi arabia to try to relax some of those very strict always, especially comes to women. women were finally allowed to drive last year in saudi arabia. they're allowed to join the military. a few days ago, they announced a man and a woman would be allowed to share a hotel room without proof of marriage.

stuart: proof of marriage. ashley: without the certificate. things are changing, wwe, i guess it's a sign of progress. by the way it was inside of a stadium only three exists that women are actually allowed inside. so a little, maybe sarcasm, anyway. stuart: modest progress. ashley: modest progress. stuart: thank you very much indeed. completely different subject. nancy pelosi and democrats forced through the impeachment vote yesterday. judge jeanine pirro has a thing to say about that. she will join us next hour. president trump, lifelong new yorker, she is joining many people fleeing new york state, new york city. he is officially a florida resident. mostly because of the high taxes. mr. trump's exile is also political exile. i give you my editorial on that, talk about it with his daughter-in-law, lara trump. that is coming up next. ♪. as a struggling actor,

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stuart: i could declare. this is the high of the day. we're up almost 250 points. 1% rally. a rally across the board. president trump, he is leaving new york. he is becoming a permanent resident of the great state of florida. can you believe that? yes i can. lara trump, trump 2020 senior advisor, president's daughter-in-law is with us now. >> good to be back. stuart: are you moving to florida as well? >> i am not. i'm stuck here for the cold winters in new york. for the high taxes in new york. i'm a permanent new york state resident, sadly, but the president will move down to florida officially. stuart: we know that. you do realize it was your father-in-law's tax cuts that just about killed me a lot of other new yorkers. >> but it helped so many people

in the middle class, all across america, stuart. so you're willing to take that one, right? stuart: [laughter]. i'm in a very difficult position of having supported the tax package from the president. i lost every deduction. >> you're pointing out the fact that all of these talking points from the democrats are garbage because they always say, well all the people at top are making big money. it is not true. because we know that stuart is very well-paid. ashley: wow. let's not go there. stuart: you went there. lara trump, what are you doing on this program? i want you to respond to the impeachment drive. >> oh, my gosh. stuart: you could see it coming. you knew this was coming. what is the response? >> nancy pelosi back in march, said she wasn't going to move forward with the impeachment inquiry, if it wasn't bipartisan supported thing, right? we see there was bipartisan support against impeachment. no republican at all voted for impeachment. two democrats voted for against impeachment. here we are. still moving forward with it.

but the bottom line here is, the democrats have never gotten over the 2016 election. they thought donald trump would never get elected. they had in their back pocket, if he does our insurance policy is russia collusion. he colluded with the russians to win. we saw finally after $30 million of taxpayer money and two years that was not true, after the mueller report came out. this is their last-ditch effort, stuart, because they know they can't beat donald trump at the ballot box in 2020. he is not one of them. he threatens their way of life. all the slick politicians have been get money from all different people, not playing their game. instead of looking out for their pockets he is looking out for hard-working americans. they don't like that and they want desperately to get him out of office. stuart: i get the feeling, the president, your father-in-law has been goaded into a strong and aggressive response to all of this. i conclude your father-in-law is mad as hell, isn't he. >> i'm sure he is not pleased

with the situation, hough there is something they tend to forget about donald trump. he is new yorker from birth. he is from queens. he is a fighter. it is in his blood. the harder they do this stuff he fights back and it benefits the american people. i think it works out. stuart: do you think he really want to go to florida? >> he actually spends all his time in florida. if you think about it, at white house, washington, d.c., he spends only one instance in the past year for the united nations general assembly that he is in new york for even one night. he spends all of his time down in florida. we see him down there in the winter. we spend holidays as family down there. it is really his new home. stuart: lara, does it hurt, this is kind of a personal question, you live in new york. you have to put up with the people who truly hate your father-in-law and hate your family. does it hurt? >> it doesn't feel great. i think more and more people you would be surprised to hear are supporting this president even

in new york city. it is certainly isn't nice to hear our mayor is so negative about him. that our governor is so negative about him. but i think, people are not talking about it to me, talk to me on street, workout classes, i hear positive things people, stuart, you would be surprised. stuart: you get a positive -- people are gracious to me at a crosswalk. >> they will whisper at a crosswalk. stuart: that is true. won't come out in public, lara, you're great and father-in-law? >> they will not shout at me across the street generally, but give us a thumbs up getting coffee. you would be shocked to hear it. stuart: you get a lot of recognition. >> i don't really know. more than i expect. stuart: you don't walk down the street, do you? >> i walk everywhere in new york. stuart: do you get a lot of recognition? >> maybe i do. probably more than i think i do. stuart: thanks very much for coming on the show. don't be a stranger. >> you know i won't be. stuart: even if you do move to

florida, we'll get you down there. >> i will be here nonetheless. stuart: lara trump, thank you for joining us. >> thank you. stuart: completely different story. the dow close to record high by the way. the netflix epic, "the irishman" hits theaters today. has big stars, al pacino, joe pesci, also features jonathan morris. frequent guest on the show. ashley: use the to be. stuart: he is in the film, he will be here with one of the movie's producers live on the show. kanye west, he claims he got 68 million-dollar tax refund. is that possible? i will ask tax the expert grover norquist about that. good for him. ♪. ♪

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stuart: we're holding to a gain of 240 points for the dow industrials. record highs for the s&p anas dak. a broad-based rally across the board. strong jobs report this morning. positive stuff from china trade from larry kudlow. earlier on the show today,

larry kudlow said this about a new, possible tax package he is working on. watch this. >> the president would love to see another round of lower taxes, to help middle income workers and wage earners give them as much disposable income as possible. there is nothing formal in the process. i don't have any details. but we would like to see some middle class tax cuts. it will be announced during the campaign. stuart: announced during the campaign. well the campaign is on. look at that man, grover norquist. americans for tax reform president. i'm sure you would welcome more tax cuts to come but you would have to acknowledge, grover, you're not going to get any tax cuts out of this congress. it would have to be in a second term. >> absolutely, what the president can put forward is a vision for further tax reduction, something that reduces taxes on 401(k)s and iras. not taxing inflation on capital

gains. these are sorts of things in the next, all good, every idea that they have got at white house would make the 401(k) and ira larger. every idea the democrats come up make it smaller. that is a big factor in the election. no big tax bill pass unless with a republican house, republican senate and republican presidency. stuart: i want you to repeat that, these tax cuts ideas are focused on iras and 401(k)s and how to put more in, get more out without taxing. that is the focus of what harry kudlow is actually headlining in the white house? >> absolutely. and counterpart to that, when elizabeth warren or bernie sanders says we'll smash rich people, they step first on your ira and your 401(k) in order to throw a punch at ted kennedy's kids. every idea they have to go after rich people starts by damaging

the value of your 401(k) and your lifetime savings. stuart: okay. i will bear that in mind, grover. okay. kanye west -- >> yes. he has an ira. stuart: well he says he received a 68 million-dollar tax refund after going $35 million in debt. now, is that possible? how is that possible? >> i'm assuming he underpaid 38 million last time. this time he got a refund. he was certainly delighted about refund and lower taxes. he thanks god for this. the rest of us call him mr. trump. he is appreciative of the tax cuts. stuart: okay. i just don't get it. i don't know how earth you get $68 million. >> he didn't earn it as a mathematician. i think he is a singer. stuart: one last one, real fast. we're told by the establishment media that trump's tax cuts did not pay for themselves. what do you say? >> revenues are up, not down.

we do have a challenge because there is too much spending. the democrats demanded more spending if they have a defense bill. we got extorted. that is what happened on a lot of the spending. there needs to be a focus on spending. revenues are up because the economy is stronger. stuart: want to focus on 401(k)s and iras, taxes next year. that would be a very big deal. grover, thanks for joining us. see you soon. >> good to be with you. stuart: now this. are we talking about chicken again? we are. mcdonald's wants to expand the breakfast menu which may include a chicken sandwich. are you kidding me? ashley: this is, people love chicken of course. but listen, you think the white house is the only place where they leak documents? this was apparently leaked from mcdonald's. they have not responded but they're getting on the chicken bandwagon. they could be adding chicken mcmuffin. a lot of mcs in there or chicken mcgriddle to the breakfast

menu. we don't know for sure. they are testing in various markets. they take on chik-fil-a and wendy's. stuart: this is cultural thing speeding up. we haven't mentioned popeye ace new chicken sandwich coming out soon. ashley: for a while but we just did. we did not, no. stuart: next case real fast, communist leaders in china taking a very hard-line, giving president xi xinping a new shot in the arm, strengthening his leadership position. what does that mean for potential trade deals with china? i will ask steve hilton the question. i think the democrats impeachment push will come back to bite them. my take and get reaction from judge jeanine pirro. i will ask her what she thinks about former president bill clinton's comment about hillary's future presidential aspirations. the third hour is coming right at you. ♪.

stuart: time to set a few things straight about impeachment. number one, it is a purely political strategy. the democrats intend to damage the president as much as possible right before the election. it is entirely partisan. all republicans voted no, all but two democrats voted yes. no matter what the lawyers say, this is not a legal issue. are we prepared to remove this president from office on the basis of a phone call to ukraine? don't be fooled by legalisms. that is a political question. two, impeachment has little or no impact on the stock market. investors are not dancing to speaker pelosi's tune. investors care about profits and the economy, trade and employment. this impeachment drive hasn't scared wall street. trump doesn't scare wall street but if sanders or warren look likely to win next year, watch

out below. did you see warren's $52 trillion medicare for all plan? a little more scary than trump's prosperity if you ask me. number three, there will be a backlash. unless a real high crime is revealed, the impeachment drive will fail in the senate and when it fails, voters will ask what the democrats achieved. all they've done is damage a president that they hate. that's where i'm coming from. impeachment is all vicious positively tech politics. it will fail and voters won't forget. this is the third hour of "varney & company." stuart: i wonder if our guest is as fired up as i am about impeachment. she is a fox news contributor and welcome guest every day on this program. welcome, tammy. look, i say it's pure unadulterated politics, nothing

else. >> literally. literally, it is. that this is a political action, right, it's not about crime. this is not a criminal procedure. this is about a political body deciding if somebody did acts worthy of removing them from an office. the problem is here, of course, is that it's not being handled seriously, certainly not like what we have seen in the past. if you are really serious about it, you want to persuade the american people, you want to persuade republicans, you want to make it work. this is why reagan, while he was not -- reagan. nixon, while he was not impeached, saw that initial vote for the inquiry which was 410-4. that was the signal to him that there was unity in that very bad thing happened. he knew as a result and the american people understood that. in this this case, on its face, there's no unity, there's no agreement. it is clearly political and no one has been won over by this argument. stuart: i think there will be a

backlash when it fails. before it fails. >> yes. dana perino was saying the other day at our sister station, fox news, that this would be a wash or negative for the democrats and here's why. really, we have seen this play out for the last three years. the american people understand what this is. they took over the house with pledges to work on the issues. that's why the democrats had a great midterm. and why nancy pelosi is speaker. many ran away, oh, i'm not going there to do impeachment, this is not what we have in mind and they have all done it. they have effectively misled their constituents and people voting after two years, putting newbies in there, will not forget they were misled. stuart: can you spend 30 seconds on senator warren and the $52 trillion medicare for all plan? >> yeah. prepostero preposterous. it's a nonstarter. it's an absurd dynamic. it's really the equivalent of the -- she's had the benefit of being taken seriously on the issues that she's a woman with

plans and with a future, with a vision for the future. this is absurd and it is the equivalent of the dna test dynamic where she thought it was going to be good and it kind of recasts her as somebody who is not serious. you might as well just pour gasoline on us and light a freaking match because just burn us up, because it creates a dynamic financially where american citizens will become serfs of the state. it is impossible. and of course, lots of promises and statements. it's a fantasy, it is made up in her head and it is an absurd dynamic financially and otherwise. stuart: know what? >> not that i have an opinion. stuart: i think i've got it. >> when people hear that number, it is preposterous, people. you're not wrong. stuart: thanks very much indeed. have a nice weekend. >> you, too. stuart: let's get to your money. this is going to look good, too. we've got a triple digit rally on the dow. we've got an all-time high,

several of them, for the s&p 500. and also, for the nasdaq. keep watching your screen, lower right. left-hand side of your screen, records all the way down. bob doll is with us, chief equity strategist at nuveen. first of all, strong jobs report, that's my opinion. second, larry kudlow on the show this morning talking about 3% growth next year and real progress in china trade. looks like we're off to the races, doesn't it? >> yeah, it's a pretty good scene. the sun is out and the market is up. the consumer in the united states is in really good shape, as you know. the number of people working, the number of new jobs that get announced every month, the fact that wages are increasing at a respectable pace, and the savings rate for the u.s. consumer is an unbelievable 7%. unheard of at any point in the cycle, let alone this late. consumer's in very good shape. stuart: your big picture advice is put some money, if you've got spare money, you put it into

stocks, not bonds, not cash. would you say that? >> yeah. i prefer stocks over bonds, no question. stocks have come a long way. some of the good things you and i are talking about are in the market but as long as the good news keeps coming, the market's path of least resistance will be to the upside. earnings have come in as you know for the third quarter less bad than feared and the forward outlook has not been horrible either. we are muddling through here at a respectable pace such that earnings can advance. that's good for stocks. stuart: we are all fired up this morning about the $52 trillion plan from senator warren for medicare for all. would you like to chime in on this, please? $52 trillion? >> the number alone, don't tell me even what it's for. when somebody says something is going to cost $52 trillion, like who's going to -- how are we going to afford that? stuart: let me explain. hold on. let me explain. there will be $20 trillion worth

of taxes, payroll tax on employers and employees, there will be a $9 trillion medicare tax and if that doesn't bring in enough, they will tax the rich some more. >> i think the american public has said all along medicare for all, they are not really up for it. now you put a more honest price tag on it like this, people recognize this isn't going to happen. stuart: okay. glad you're on the show. we love to see you when the market is up like this. we are off to the races. it's all good stuff. bob doll, thank you, sir. always appreciate you being here. thank you. now then. quick stock check of fitbit. they are the wristband exercise guys, you know what i mean. ashley: we know what you mean. stuart: i don't have one but you know what i mean. they are officially going to be bought by google in a deal worth more than $2 billion. the stock is up $7, just above $7 a share. alphabet, parent company of google, on that news, not doing

much. it's up four bucks at $1,263. what's the top performer on the s&p 500? you may well ask. qorvo. q-u-r-v-o. they make chips for radios and cell towers. they announced a billion dollar buy-back and strong forecast thanks to 5g. that will do it. the stock is up 17% s. back on the larry kudlow interview. it started this morning around 9:40, lasted about ten minutes. lot of good stuff there. he says the president is very optimistic about a china trade deal. however, leaders in china want to strengthen president xi's power. coming up, we will talk to steve hilton. does china blink? good question. we've also got judge jeanine pirro. she's our guest next as the

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stuart: president trump no longer a new yorker. he's ditching trump tower on fifth avenue. he's going to mar-a-lago as a permanent resident of florida. why's he leaving? oh, wait a minute. this is e-mac, host of the widely popular -- liz: wildly. stuart: wildly popular spinoff called "the evening edit." liz: start spreading the news. he is leaving today. ash and i will do a wedding kick line for you. stuart: no, you're not. liz: just kidding. so he's saying because he's been treated badly by the state of new york. he's going to be in palm beach. he's already a resident there, so is the first lady, so you

know, by the way, cyrus vance, manhattan d.a. going after his tax returns. he's saying he's been treated badly. when you look at the taxes, look at the taxes, the combined rate for new york state and new york city, nearly 13% on income. the estate tax is 16% on estates above $5.75 million. you know the kids will probably be happy that he's moving to florida. stuart: he won't pay those taxes in florida. there's no estate tax, no income tax. liz: he will have to deal with new york state and new york city auditors because you have to effectively wear a lo-jack on your ankle to prove where you are. so -- by the way, he is now a big billboard for the gigantic trend of high tax states funneling down residents and businesses leaving to texas, florida is the number one destination for new yorkers. stuart: it's an american story. it's not a drift, it's becoming a flood, total exodus from high tax democrat-run states to low tax largely republican-run

states elsewhere in the country. it is an exodus. liz: i covered the irs. i testified before congress about irs before. i look at irs data. nearly half the country, 24 states that have high taxes are losing people. people are migrating out. so this is a major trend. stuart: proof positive, that's what we wanted, proof positive that it is actually happening. donald trump confirms it. liz: big billboard for it. stuart: well done. thank you very much indeed. liz: wedding party kicks later. stuart: we have a serious guest. she's going to tell us about impeachment. i say it is purely and totally political. i think it will fail. i think there will be a backlash against the democrats for starting it in the first place. who is here? judge jeanine pirro, author of, i will get it in for you, don't worry, getting it in, the book is called author of "radicals resistance and revenge, the left's plot to remake america."

okay. go at it. i say it's entirely political, it will fail and there will be a backlash. >> i agree. stuart: we're not going to talk about your book right now. we will talk about impeachment. go ahead. >> okay, look, you know, when they took this vote, nancy pelosi proved what a hypocrite she is as if we needed the proof yet again, when she said earlier, i will not do this without a nonpartisan vote. and you know, here's the bottom line. it was all democrats but for two who defected to the republican side. when you look at clinton and nixon, you know, there was something that was so serious that everyone in the house voted for something to, you know, they said there's something there. this is a bunch of nonsense. it is shifty schiff as the president calls him making up this whistleblower who is not a whistleblower and by the way, they changed the rules for the whistleblower, you know, there was a time when you had to have direct evidence and direct

knowledge in order to be a whistleblower. in the past few months they changed it so that you can use hearsay. they created a narrative, this is just like russia collusion, this is russia collusion 2. it's ukraine. next they will move to romania. this is how they do it. in the end, they are going to lose. they are going to fall flat on their face. this guy adam schiff, i mean, they are blowing smoke up his schiff. i don't know -- stuart: oh, okay. >> this guy actually thinks he has the right to deny the president an attorney, to have closed door hearings even after they passed this rule and to be able to say we're not going to allow this witness or that witness. who does he think he is? stuart: i think they lose and there will be a backlash. i have to get this in. let's talk hillary clinton -- bill clinton said yesterday that she quote, may or may not run for president. do you think she will run? i don't.

do you think she'll run? >> i hope so. i could do an open on her every saturday night. stuart: on your show. >> on my show, 9:00 saturday. don't worry about that. look, the woman thinks she should run because she won last time and will win again this time. she's delusional. she needs to go back in the woods with the dog. remember she was in the woods with the dog after she lost? the woman is delusional. if she wants to run, great. donald trump will beat her again. and you know, joe biden, i'm going to beat trump like a drum. trump beat her like a donald trump. this is craziness. these people are lunatics. bottom line, america, middle america, they want results. they want jobs, they want an economy that works, small businesses, deregulation. they want a border. they want all the things that you guys talk about here on fox business. they don't want this nonsense. stuart: you are absolutely right and we are in total agreement. what was the name of the book again?

>> radicals, resistance and revenge, the left's plot to remake america. that's what it's all about. plot to remake america. stuart: all future sales are commissionable to this show and me. judge, thank you very much indeed. >> are you going to move to florida? stuart: if and when i retire. >> yeah? if. stuart: judge, thanks very much. always. check this out. i guess we would call this a super yacht. it's called here comes the sun. it has a large beach club, on a yacht? a beach club? ten-person movie theater. infinity pool. we will take a closer look at that if you really want it. take a guess how much it costs. we will tell you. that's a promise. ♪ ♪

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first question, before you tell us what's on the yacht, how much? reporter: okay. $173 million u.s., stuart varney. i think that's a good price for you, because the title of the boat is "here comes the sun" which is a little nod, we picked this especially for you, stuart. you know the line of that song. but you're looking at this leisure pool, 20 feet by 12 feet, just in case you can't really feel the scope from the images, four feet deep. you know, helping some of the guests stay fit. i want to bring you inside what is essentially the main living room where people relax. you are going to see this table that seats, set up for about ten people right now. very social group, if you like. with extensions they can make it seat about 18 people. you mentioned the movie theater before. there certainly is one. it can seat ten people very very comfortably. this boat is about three years old. it was built by a dutch company which is pretty standard. it seems like the dutch really

have this history of boat making. phraser yachts is the one that's showing it. if you wanted to charter it, it would be about $2 million, little bit shy of $2 million for the week. i'm throwing that out there just for the potential varney family holiday plan. this table as i mentioned can seat up to 18 people. it can sleep 18 guests, 26 crew members and outside, there is what they call a touch and go deck. that's basically for a helicopter. but it also converts to a sun deck as it does. my guess is you want to know who is buying. it's mostly americans. if you look out on this harbor, we will show you some shots later, between 70% and 80% of the yachts we see, the super yachts, are actually owned by americans. as a group, there are about 25% of the market for buyers, europeans are next and after that, it's sort of a hodge-podge

of nationalities. one group that doesn't buy yachts, the chinese. some say it's a cultural clash that maybe they don't want their billionaires and millionaires to be that flashy with their money but that's something more than a few brokers have pointed out to me. i think we should walk back out. as far as the types of industries, who buys these boats, you have nfl team owners who own but a lot more tech titans than ever before. no surprise. i will put in a bid if you like. stuart: no, no, i'm just glad to hear it's americans who have got the money to buy these super yachts. thank you very much indeed. i will not be bidding. let's get to the streaming wars in progress and moving skwift swiftly. apple tv plus starts today. netflix has released 43 new shows this month alone. so who wins this streaming

fight? disney, maybe? we will ask the question and get an answer for you as well. uber, whoa, big problems at the l.a. airport, as in lax. you call an uber when you get off your plane, you can't pick it up at the terminal. is this going to happen at more airports? no, you have to go to an off-airport parking lot. more in a moment. ♪ imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call,

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learn more about aarp medicare supplement plan options and rates to fit your needs oh, and happy birthday... or retirement... in advance. stuart: yes, it is a rally. positive jobs report, positive news from larry kudlow on china trade, a positive outlook for growth from larry kudlow next year, maybe 3% he's seeing. that's why the dow is up almost 250 and record highs on the nasdaq and s&p. now this for you. ride shares, uber, lyft, they have been banned from picking up passengers at some major airports, lax, laguardia, for example. this is because of congestion. passengers now have to head to off-site lots to get picked up. that takes a lot of time. you got to get on a shuttle bus. bradley tusk is with us, the guy who helped uber get into new

york, and he's an early investor in uber, aren't you? >> i am. stuart: okay. this is not good news. if i can't walk off my plane, jump straight into my ride share, i'm not happy. >> yeah. or at least, there are airports around the country where they have a designated lot, whether it's austin, i was in detroit monday and they had that, but you can walk there quickly. that's fine. it's still not quite sucurbside but you can live with that. when the airport reduces friction which is the whole point of uber or lyft and add their bureaucracy back in to put all the friction back into it again, something's wrong. right? i understand that if you are the airports, you are more focused on the bureaucracy than you are on innovation or consumer convenience because if they cared about that, the airports would be a lot better than they are right now anyway. but at the same time, if you are the politicians who run the airports, at a certain point, you are going to start taking a beating if you can't fix this thing. stuart: hard to fix lax. >> that's true. that's true. people have been working on that. stuart: you are an early investor in uber.

you still got your stock in it? >> i do. stuart: as of next week, you can sell if you wish. the lockup period is over. you going to sell? >> yeah, look, yes. stuart: that's a yes? >> that's a yes. for sure. look, in part because so much of my total portfolio is concentrated in uber, it would just make sense to diversify it both out of tech and stocks in general. let's see what happens in earnings on monday. when lyft had their earnings last week, they still lost money but they lost i think 41 cents a share instead of 74. uber is projected to lose 83 cents a share. if it is 60, 50, whatever -- stuart: you're not prepared to stay in it for the longer haul until they fix their problems? you want out now? >> i will keep some for the long haul. but i would say the changes that i have seen at uber the last few years have not inspired at least in me a ton of confidence about their ability to really innovate and change things. they have become a better company, a better bureaucracy,

but the only reason ultimately to believe in uber is they are still capable of massive disruption, i haven't seen as much of that as i would like. stuart: you miss kilimnik? >> i talk to him all the time so i don't miss him. i think they miss at least his approach to innovation, maybe they needed a new leader but they didn't have to go all the way to someone who would be good at running princeton or johnson & johnson or whatever it is. stuart: tell me your argument. i know you have an op-ed about facebook. >> on your site. stuart: you are involved in a dispute -- not involved, but commenting on a dispute about twitter banning paid political ads and facebook which is not banning political ads. where do you stand on this? >> i think twitter paid the right move. i think if facebook is smart they will come around to that as well and here's why. they said they make about $400 million a year in revenue on political ads. not nothing but it's like .5% of their total revenue. when you think about politicians, politicians care about themselves, right? they care about the way that they are created on your

platform and there's no way to make anyone happy. conservatives argue facebook has a liberal bias, they are probably right. liberals argue cambridge analytica threw the election to trump. they are probably right. there's no one, if you and i spent all day trying to figure out which political ads were accurate and which weren't, you couldn't do it. rather than trying and failing and making everyone mad all the time, they would be far better off from a business perspective getting rid of the political ads because if you think about where facebook has existential risk, three areas. one, they want to move libra forward. they are not being allowed to. not because any member of congress cares about payments or crypto one way or the other. they are just mad at facebook. two, antitrust. you've got the s.e.c. investigating, you have a couple attorney generals investigating. and three, privacy restrictions which gets to how facebook makes its money, monetizing people's data. all three of those things are under assault. mainly because politicians hate facebook and they hate facebook because facebook can't decide which ads are accurate and which aren't and there's no way to do that. stuart: so get rid of them all.

interesting. bradley tusk on the ball again. >> thanks for having me. stuart: thank you, sir. apple, their new streaming service launches today. it's called apple tv plus. e-mac, it's got four shows. that's it, as it launches. liz: yeah, it's cheap. it's five bucks a month. but it's underwhelming content, no blockbuster content. disney, it's cheaper than disney. disney is just seven bucks a month. netflix is about $16 a month. so apple have a billion device users worldwide and you can use it free for a year but if you try to -- stuart: you buy a new apple device -- liz: or apple tv. if you sign up for it -- stuart: free for a year. liz: wait a second. if you opt out and say no, auto renewal, i don't want that, it kicks you right out of your trial. that's the place where apple right now, they are in a very very crowded field.

so underwhelming content. oprah's book club. stuart: hard to say who will win all of this. liz, thank you. our next guest, i have a bone to pick with big tech, facebook, google, amazon. he says they are undermining democracy. jonathan kaplan is with us, author of "move fast and break things." okay. undermining democracy. can you give me your case in 30 seconds? i will give you 45. >> hey, stuart. well, look, we've got two problems. one, facebook is the place where all the child sex abuse images are, you know, there are 45 million child abuse images on facebook, according to -- stuart: what? >> -- the center -- 45 million abuse images on facebook as of last year. second, your last guest is right. if facebook says they are not

going to police political advertising for truth claims, we have the possibility of truly undermining democracy. not just because, you know, as in the 2016 campaign when trump said the pope endorsed donald trump and put that on facebook and facebook knew that was true but did nothing about it, but think about deep fakes which you guys have reported about. so i could put words in a politician's mouth that he never said and put it on facebook, and facebook says they are not going to do anything about it. stuart: what should we do? if i accept your case -- >> well, facebook should just -- stuart: if i do, what are you going to do? >> facebook should just not take political advertising. stuart: okay. what else? >> they are willing to police -- they are willing to police speech that's not paid for, but they are not willing to police speech that is paid for. stuart: is that your only issue? if they were to ban paid political ads, you think that would save democracy?

>> well, no, that would be a big start. i mean, look, not just the fact that this is an open sewer for child sex exploitation, not just the fact that many, many countries as you well know from myanmar and others, facebook is being used to incite ethnic hatred, same thing that's happening in the philippines, same thing quite frankly that's happening in the united states, where facebook is used to rile up people and divide people. not just the fact that the russians and other countries are being -- are using facebook to meddle in our elections. all of these things together says that facebook has to do a lot better job. now, the simplest task would be to remove the safe harbor protection that they have. as you well know, fox can get sued for saying something

libellous. facebook cannot be sued for saying something libellous. stuart: okay. i think we got it. we hard you. jonathan taplan, we will think more about this. thank you very much for being here. appreciate it. okay. >> my pleasure. stuart: sure thing. big day for netflix. they produced the new martin scorsese film called "the irishman." hits netflix next month. critics love it. coming up, one of the producers on the program. keep it on "varney." we also have china's president xi jinping gaining more power with communist leaders in beijing backing him after a big meeting. is that good or bad for the potential trade deal with the chinese? steve hilton will be here to weigh in on that one. also we will get his take on elizabeth warren's $52 trillion medicare for all plan. larry kudlow says it could take up to 20% off our gdp. ♪ ♪ snowed what a time to be alive.

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president trump has been very optimistic about the trade deal. so have our lead negotiators. take a look at the reports or the statements coming out of the chinese foreign ministry, the chinese commerce ministry, chinese finance ministry. they're all positive comments. the agriculture chapter is virtually completed and by the way, it's not just buying another $40 billion or $50 billion of farm ags although that's very important. it also will open up and reduce a lot of barriers and onerous regulations. stuart: that was larry kudlow earlier on this program today. he is the top white house economics guy and that good news on china trade is clearly

helping our stock market today. you're close to record highs on the dow and you're at record highs on the s&p and the nasdaq. but i've got this news out of china as well. communist leaders there just finished up a four-day meeting on the future of the country, and here's some of their conclusions. that group is going to increase supervision of china's economy and its corporate governance. they're going to strengthen xi jinping's leadership position and they're going to strengthen sovereignty. that's a pretty hard line to take. steve hilton is with us, the host of "the next revolution" on the fox news channel. steve, they have taken a very hard line, they are all circling the wagons around an authoritarian communist regime which doesn't appear likely to change at all. how do we get a trade deal with a government like that? >> well, i think in the short term, the incentives for both leaders are actually aligned, for president xi and for president trump. yes, they went through the

motions with this show of support for president xi but the truth is, over the last 18 months or so, as donald trump's china strategy has really started to bite, his position has started to weaken. you've had rumblings around the communist party. now, he's asserting his grip on that but his position has started to weaken because the chinese economy has started to weaken, as manufacturing shifts out of china, as global corporations rethink their supply chains, moving to places like vietnam and in some cases, back here to america. in the short term, he wants a deal. so does president trump. he's looking at re-election next year and of course, the economy is the biggest factor there, so it makes sense for them both to do a deal right now but in the long term, i don't see anything other than a de-coupling of these two economies as long as you've got this authoritarian regime in place. stuart: fascinating. the news in china has clearly helped the market. i want to turn to a different subject. i want you to listen to larry

kudlow, he was on the show earlier, as you know, on senator warren's $52 trillion medicare for all plan. roll that tape, please. >> i think it would be devastating to the economy. i mean, this idea of medicare for all and the so-called green new deal and other proposals i've heard, i don't want to get into politics and policy grounds, this would have a devastating catastrophic effect, would probably take out as much as 15% to 20% of our entire gdp. these numbers run upwards of $100 trillion. stuart: okay. pick a number. trillion here, trillion there. by the way, that plan also calls for a $20 trillion payroll tax on corporations and employers, $9 trillion medicare tax and if that's not enough, she would tax the rich some more. i have to ask you, steve, just that doesn't seem like a serious policy situation. >> no.

it's even worse than you and larry combined have laid out there. i totally agree with everything you have both said. i would further add that the notion of centralizing this giant industry and running it out of washington, d.c. is inseasoinsa insane, the idea you could run it from washington. there's a further point being missed here. in this pay for it plan she's put out there, she's trying to pull a trick and saying you're not going to get taxes going up for regular middle class families. the way she's doing that is to say that the employer contribution, the amount of money that employers currently spend, on health care, even before her extra taxes, those premium payments instead of going to health companies like they do now, they are going to go straight to the government, and they are going to be frozen in place. that means that if you are a company that's offering better health care benefits for your employees in the future, you are still going to pay the same

amount but you won't have that advantage because everyone is going to have the same government health care. if you are an employer with fewer than 50 employees, you are exempt unless you currently pay for health care. half of those companies do. so they are really screwed because they are paying out to the government, their competitors aren't and everyone is getting the same health care. it's a total disaster. stuart: thank you, steve. i had not thought this through. you did, you did the work for me. thank you very much. where can i see your show? >> it's a pleasure. sunday, 9:00 eastern. fox news channel. stuart: you got it. thank you, steve. see you soon. then we have the netflix movie called "the irishman." it's in the theaters as of today. stars al pacino, joe pesci but also features jonathan morris. he leaves the priesthood and becomes a movie star. he will be with us with one of the movie's producers after this. ♪ ♪

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would you like to be a part of history? >> yes, i would. >> big business and the government by working together, trying to pull us apart, something's got to be done.

>> what else he say? now is not the time to not say. stuart: not sure that's my kind of movie but nonetheless, that was a clip from the netflix new movie called "the irishman" in theaters today. it's on netflix later this month. jonathan morris is with us, he's in the film, and one of the movie's producers is also with us. gerald, to you first, if i may. the film is in the theaters for only, what, three or four weeks. the theaters are not happy about that. they want to make more money. what's your response to that? >> well, first of all, it's such an extraordinary film and netflix is playing by their own set of rules. they've been an incredible partner. i want to shout out to reed hastings and ted sirandos for their extraordinary support of the film "the irishman" and this is in my view, an event film and i believe that showing it in

theaters is important. we all wanted it to have a wide release. it has an excellent release but we're really looking forward to the public's reception of the film and i think it's going to be fantastic. stuart: i will put it to you that streaming is taking over. it's a revolution in entertainment and it is taking over hollywood. you agree? >> absolutely. it's been totally disruptive to the legacy film companies and it's an extraordinary technology company as well as content company today, netflix, and they are certainly the leader. stuart: okay. jonathan morris, now what's your role in the movie? you have become a movie star all of a sudden? >> no. stuart: you look good. i've got to tell you that. >> thank you very much, stuart. you know, as you mentioned in tease, i was a catholic priest for a very long time and i have

left since, but they approached me and asked me if i would be interested in reading with deniro and scorsese this part to see if they would ask me to play the part of the priest. i said you know, i'm not really interested in it, send me the script, when i met with them i read it for them and i said you know, i'm not going to do this unless you change the script so that it's like this or that. i didn't want any religious scenes, i didn't want to be part of it. they said no, we want it to be real, we want you to tell us, and kudos to them for wanting to do that. it was an amazing experience. my part in the film -- stuart: jonathan, you relate to your experience as a catholic priest, that is in the movie? >> yes. exactly. i'm in the beginning of the film, then two scenes in dialogue at the end and really, what this is about is an existential meditation, i don't know if gerald would agree with

me but it's an existential meditation as far as i can experience about what life is, to go through a real gangster life and then come towards the end of your life and look for redemption both in family but also with god and that's the part i was involved with, and helping him to understand what is contrition. i think it's something that all of us need. stuart: we do. >> sorry, stuart. stuart: that's okay. keep going there, lad. i want to turn to gerald for a second. i want to know, would you put jonathan in another movie? >> absolutely. jonathan creates so much empathy in the scenes that he has in the film. he does a brilliant job. as you pointed out, jonathan, this film is about redemption. it is about feelings and going through a life of crime and coming to the end of that life and seeking redemption and the author of the book i heard you paint houses, charles brandt, did such a magnificent job, it's

the basis of the film. the title, "i heard you paint houses" comes when a mob guy whacks a guy, splaetters blood, he gets the house. stuart: got to wrap it up. jonathan, get an agent. gerald, you are going to make a lot of money. thank you both for coming on the show. thank you both. we have news from nancy pelosi on impeachment. we will tell you what it is after this. ♪ imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks.

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stuart: news from speaker pelosi on impeachment. >> inquiry begin this is month. no deadline to finish. any case made to impeach the property has to be ironclad. no kidding. >> goes into the 2020 campaign season. democrat senators running for president.

they will have to sit in the senate jury, possibly, weigh -- i don't know sue voters cannot see this as politicized. stuart: senators running for presidency will be trying donald trump. neil, it is yours. neil: we're following up on that stocks at or near session highs. fueled by much better than expected jobs report. nasdaq now at all-time highs. so we're starting to this month of november kind of where we left off with a pretty good month of october. all of this has gone back to this jobs report, in goldilocks term quite a bit here. fact of the matter it was just right on every step of the way. now the question where to from here? edward lawrence with more on that. hey, edward. reporter: what is amazing about the job report that created 128,000 jobs in october, the downward pressure on the month. this happened