tv Varney Company FOX Business November 5, 2019 9:00am-12:00pm EST
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year, three-quarters of all inmates from rykers island will be on the streets beginning in january. >> public safety issue. >> people are not getting arrested for shoplifting and simple assault and they are on the streets. now they are going to get mets tickets in order to show up at their bail -- i mean show up for court. maria: great show, everybody. thank you so much. we will keep on this story. "varney & company" begins right now. stu, take it away. stuart: i'm shaking my head, i really am. good morning. maria: it's unbelievable. stuart: good morning to all. good morning, everyone. you're right. it's unbelievable. stand by for more records. yes, stocks are going up again and this headline is helping a lot. u.s./china consider rolling back tariffs as part of initial trade deal. "wall street journal." note the words rolling back. that's at the request of the chinese, by the way. that is new and very encouraging. so we've got strong profits, we've got full employment, a world-beating economy and progress in china trade. that's why you will see new
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highs for all three major indexes when the market opens today. the dow is going to be up about 90. s&p, 7. look at the nasdaq going again, about a quarter percent higher. by the way, we have a new wealth creation number for you. the value of all stocks rose another $100 billion yesterday. the new total since mr. trump's election, $10.6 trillion. ah, but then there's uber. it lost just over a billion dollars in three months, but it promises to be profitable by the end of 2021. investors are not buying it. the stock is down nearly 7% premarket. it will open below $30 a share, down more than 30%. since it went public. next, amazon. here comes the online holiday shopping season to end all online holiday shopping seasons. amazon is beefing up its same day and next day delivery service, always pushing the delivery envelope. prime subscribers can now get
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free one day delivery on over ten million items. so welcome to the show. we're celebrating prosperity again. "varney & company" is about to begin. so today we just hit the highest number in the history of the stock market. so last week, think of this, in the history of our country, it's never done better and by the way, that's not rich, that's not poor. that's for everybody. your 401(k)s, how are you doing? pretty good, right? pretty good. stuart: right again, mr. president. the president was, that was at the rally mr. trump held in kentucky last night, trumpeting the stock market, as you heard. joining us, market watcher mike murphy. look, we are going to open at record highs again this morning.
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i comfortably predict. are we off to the races? >> i think we are. there's a lot of cash on the sideline, a lot of people who have doubted this rally we have seen this year. i think in the next two months you will see more money. we talked about as long as earnings could support us, the market should continue to make new highs. the earnings season so far has been good enough to support new highs, new money will come into the market. stuart: new money will come into the market. >> yes. stuart: i don't suppose you want to make a prediction, do you? we were at 27,500 roughly on the dow. are we going to get 28,000, 29? >> we will get above that. i think 28,000 is a nice round number. or could it do better if we get a hard china deal, could it do better? if we get some more positive news on the earnings front, could it do better? i think it could. but safe to say we're not, you know, we talked all year about we are about to fall off this cliff. things are about to get really bad, really quick. i don't see that anywhere. stuart: it's not happening right now. we will hit record highs right from the opening bell this morning. stick around. got more for you.
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take a look at uber. it reported whatever its financial results were after the closing bell yesterday. this morning, it's down 7%. more details, susan? susan: they say they will get to profitability by the year 2021 on anned adjusted basis but as you see, the stock price and investors don't seem convinced. as for the quarter itself, narrower loss than anticipated, higher revenue, but you can't discount the fact that they lost $1.2 billion, third largest loss in the company's history, and they continue to bleed money. also, platform users, they put in less than anticipated so 103 million using their global services on their platform each and every month. the street was looking for something close to 105 million. gross bookings also disappointed as well. people are really concerned about wednesday, what happens on wednesday. well, the early investors, the lockup period on their shares from the ipo become available and rbc says that 90% of the 1.7 billion shares that are available will hit the market. uber yesterday on the conference call, i should point out, says
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that they have some sideline interest in buying the shares. more importantly, what about california? remember that bill that will rule that drivers will become employees and not just contractors, which i think is a big risk to their business model going forward, they say california represents 9 p%. there might be a better solution out there but dara says he doesn't think this will go nationwide. stuart: with all those negatives, why, i ask, did mike murphy buy this stock yesterday? i take it you bought below $3 a share? >> to be clear, i have come on the program before and talked about owning the stock quite a bit higher than this. i do own it higher. i love uber's business model. you hear over 100 million people using their platform. it's so reminiscent of facebook, it came down, people were going to stop using it, they were losing money, they weren't going to be able to monetize their users. then you know how that turned around and they were. uber is going to monetize their user base.
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uber is not simply a company that gets stuart varney from point a to point b and tries to make money doing that. uber will make a lot of money in different ways from delivering products, delivering packages, advertising, selling things to you in the in-car experience. stuart: are you buying their view that they will return to profitability by the end of 2021? are you buying that? >> i definitely buy that. stuart: you do? >> i do. i think there are -- the hard part for me is getting 100 million people on your platform, getting your company to be a verb in the english language or the global language. now that they have already built that, i think that was the hard part. i think dara is going to turn it around and get more revenue coming in. profitability will come. i think the stock had a $51 billion market cap is an absolute steal. stuart: you're on your own with this one. i keep threatening to buy that stock and i haven't yet. on your advice, maybe i will. hold on. more for you later. let's get political here. the left really attacking
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senator warren over that medicare for all plan. look at these opinion headlines that appeared this morning. "washington post," elizabeth warren tried to do bernie sanders' homework for him, she failed. another one, "washington post" again, warren's health care plan is festooned with magic asterisks. and from the "new york times" no less, the warren way is the wrong way. come on in, herman cain. come back to the show. that's serious criticism of the warren medicare for all plan and it comes from the democrats. that's a big deal, herman. >> that is a big deal. the good news is even some of the publications that are considered to be the most liberal see that the medicare for all plan will not work. secondly, they also are coming to realize that a wealth tax will not work. you have heard it many times on your show. now, what's ironic about this,
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the medicare for all plan would do two things. it would bankrupt the united states of america and we already have a large deficit and secondly, it would kick 180 million americans off of their private insurance, most of which is done through corporations. that model's just fine. stuart: where does this leave the democrats? their frontrunner is now being eviscerated by other democrats. biden is fading. seems to me the democrats have virtually nothing except impeachment. >> that's all they have is the impeachment tactic, where it leaves the democrats to answer your question, is with a flat basketball. no air in it. they don't have anything left except to try and smear, smear, smear and to convince their gullible supporters that what they are talking about is reality and even the publications that you cited at
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the beginning of this segment say it. it's not practical, it's not affordable and it's not doable. stuart: the markets, do you think the market cares about the impeachment drive? >> just look at what's happened in the last couple of days. i recall on thursday they took the impeachment so-called inquiry vote to move forward. well, on friday, the market rallied. monday, the market rallied. i believe that is an indication that business people and investors don't care about this whole impeachment rhetoric. consumers don't care about this whole impeachment rhetoric. nobody cares about it. except the democrats themselves. so it is not slowing things down and it is not planting any doubt going into the fourth quarter this year. stuart: we got it. herman cain, always a pleasure. come see us again real soon. thanks very much, sir. appreciate it. >> any time. thank you. stuart: got it. now then, let's look at peloton. they lost less money. investors kind of like that. the stock is up but only just,
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22 cents. still not back to its ipo price. the top human resources executive at mcdonald's has left. left the company, one day after the ceo was fired for inappropriate conduct. mcdonald's not really coming back very much at all, 60 cents higher. $189 per share. under armour, take a look at that stock. this is one day after dropping big-time on news of that federal accounting probe. that's not a comeback. they are up eight cents at $17.22. back to the futures market. this is how we are going to open this morning. record highs across the board. dow is up about 70. s&p up about 4. nasdaq now up about 12. how about microsoft? they are testing out a four-day work week in japan. they say it creates a better work/life balance and increases productivity. would you get more done if you worked four days a week? the stock is close to $145. the world series champs washington nationals went to the
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white house yesterday. their catcher, kurt suzuki, donned a maga hat. how about that. there's a sports team that really wanted to go to the white house. how unusual. this is election day. the president got a jump on the juggernaut election in kentucky last night. the gubernatorial election, that is. does he have the clout to get the governor of kentucky re-elected? we shall see. aetna takes a total approach
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or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. come on, say a couple words. come on. i love him. >> i love you all. i love you all. thank you. stuart: the washington nationals went to the white house yesterday, as you saw. how about that. however, on the other side of the coin, i've got a new "wall street journal"/nbc news poll which says 46% will almost
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certainly not vote for the president. they will certainly vote against him next november. joining us now, rnc chair ronna romney mcdaniel. that's a big number. 46% will not vote for the president, they will vote against him. and you've got a very nice reception for the nationals there at the white house. kind of two extremes. how do you bring them together? >> well, what we are seeing with these national polls which are so far out and really not indicative of the electorate, one, they are oversampling democrats to a great degree and two, they are national polls. they're not looking at the battleground states. when we are in the 17 battleground states we see the president winning. it's funny, "the washington post" has a headline today saying nationally the president isn't doing as well, but in the battleground states, he's winning. well, that's how you win the presidency, it's called the electoral college and the president is way ahead in those states. i think we understand he may not win california or new york. stuart: i don't think a
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republican will win an election state-wide in california in my lifetime no matter how long i live. that's another story entirely. >> exactly. stuart: it is obviously election day today. we've got closely watched contests in kentucky, mississippi and virginia. would you agree that today is kind of a referendum on the president at the national level in those albeit local elections? >> i know they are going to try to turn that into that, the media will, but i will say there's three things people should recognize. one, the president is going to win mississippi and kentucky in 2020. two, these candidates want the president to come campaign with them. he's the best asset for these candidates heading into the final days and we saw that last night in kentucky with bevin. three, the energy we're seeing with our base right now, it shows that we are getting ready for election day 2020 and if we can win these governorships in an off year, kentucky very rarely has republican governors. bevin was down double digits three weeks ago. this is a -- this will be a huge win for the republican party and
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the president is the best asset and republicans love our president. stuart: after going there last night, president trump is staking a lot on that kentucky gubernatorial election. we will watch those results carefully. ronna, thanks for taking time out on a very busy day to be with us this morning. we appreciate it. we look for those results tomorrow. thank you. >> thanks for having me. go vote in mississippi and kentucky. stuart: okay. i happen to live in new jersey and am working in new york but that's another story. >> that's okay. we will get you there next time. stuart: whatever you say. now this. apple, ebay, samsung, sprint, announcing an agreement to purchase power from new wind farm owned and developed by apex. what's that about? >> this is becoming a trend where companies get together, pool their resources and purchase energy demand essentially. they will get 75 megawatts of energy through this, enough to power the equivalent of 20,000 homes. apple is kind of spearheading
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this whole thing. they are very much of course about renewable energy and say soon they believe they will have all of their businesses around the world powered by renewable energy. this is just another example of that. stuart: okay. thank you. ashley: i know you're happy about that. stuart: delighted. absolutely delighted. never mind. futures going to be up, we are going to hit record highs i think, all three of those indexes when this market opens this morning. closed at highs yesterday so if you open up this morning, you got another new high. then there's airbnb, receiving some negative attention after five people were killed at a house rented out for a halloween party in california. coming up, commentary on all of this from a very early airbnb investor. someone who got in first. he will join us after this.
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stuart: we're going to put avis stock on your screen. $28 a share. morgan stanley has cut its target price to $25 a share. doesn't make any difference this morning, though. the stock is virtually unchanged. then there's boeing. the chief executive dennis muilenburg will not accept his bonus for 2019. that may have had some modest influence on the stock which is up four bucks right now at $355. look at shake shack. ouch.
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cut its sales forecast, warning of slower growth ahead. the stock is down 17%. taken to the cleaners. shake shack. two items for you on airbnb. very exciting company. they are banning party houses. that follows five people being killed in a halloween shooting that was in california. and they are working with the state of hawaii to track down vacation rental operators who owe back taxes. our guest got some money into airbnb, not at the very beginning, sort of midway through the fund-raising process. but you've got money in there now. >> absolutely. stuart: now, they are trying to straighten themselves out with the regulators before they do an ipo. they are trying to ban party houses, catching up with back taxes, that kind of thing. you think they're doing a good job? >> they are. they have been working with the regulators for a long time. it's been city by city, trying to address the concerns. now they have hit the mainstream. they have gone critical mass.
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regulators are all over them and the hotels and landlords are after them also. they are under scrutiny and they are working with all of them. they need to, to get it right. they need to be above board and they need to get everything right. they are working on that. stuart: any regrets about putting your money into this? >> absolutely not. this is a great company which is growing at double digits, and it's already even a positive. stuart: what does that mean? >> before taxes, interest and depreciation. that's a good measure. on an operation basis, operating basis, they are profitable. stuart: they are profitable on an operational basis. >> which is important. that's where all of them are measured, lyft, uber, airbnb. lyft and uber are getting there. airbnb is already there. they were there two years ago. they broke even two years ago. they are already profitable. so that's a good story to tell. they growing fast, china is ramping up, india is ramping up. everything is coming together.
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but incidents like these put a scar on the story. it strikes at the core of what airbnb's value proposition is which is security, trust. stuart: you are on the inside of this. they are going to do an ipo next year? >> yes. stuart: they are absolutely committed to this? >> they are. they can change any time. but at this point, that's where the wind is blowing. i think they will do it. they need to do it for a lot of reasons as well. they are ready. if they are profitable on an operating basis, i think they are looking g. >> they are. that's a big thing in this market. stuart: thank you very much for being here. thank you. check futures. we are opening this market in four and a half minutes' time. we will be up, record highs across the board. we will take you to the opening bell after this.
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now to see if your doctor is in our network; to find out if you can save on your prescriptions and to get our free decision guide. licensed humana sales agents are standing by, so call now. stuart: bed, bath & beyond, up 1% right now for the first time ever, they are going to open on thanksgiving. now, the question in the prompter is, why are they doing this? i will answer it. they are desperate. susan: well, that's what i'm doing on thanksgiving from 5:00 p.m. to midnight i will be at bed, bath & beyond. two 25% in-store coupon across all
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purchases. stuart: so 25% off everything if you go on thanksgiving after 5:00 eastern? susan: yes. everyone else is offering deals as well, including amazon on november 21st. stuart: five seconds to go, we open this market tuesday morning. we are going to be setting record highs right from the get-go. this is the get-go. we are up, look at that. we are starting with the s&p, that shows a gain, that's a new high, 3080, up two points there. can you show me the big board, the dow industrials? that's a new high. i can see from the bottom right-hand corner, we are up 70 points. an all-time high for the dow industrials. that's the bottom right-hand corner of the screen. you've got that. how about the nasdaq? can we get that up, please? the nasdaq is up 14 points. new all-time high, 8447. better take a look at uber. we will deal with this later but they have opened with a 7% loss. they lost $1 billion. they say they are going to be profitable. market didn't believe them.
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shake shack issued a weak sales forecast. when you do that, they take you to the cleaners. they are down 17%. peloton, they lost less money. earlier they were up, now they're down 36 cents. $24 a share on peloton. who's with me? mike murphy, susan li, ashley webster. more record highs right out of the gate. now, is that because of trade or is there something else going on here? >> trade and earnings and the fed. so you have signs that a trade deal is going to get done. you have the fed being accommodative and you have earnings, everyone talks about how coming into this earnings season, they wouldn't be very good. earnings have supported a higher market. stuart: is this a goldilocks economy? susan: again, you know, expectations were low so 75% of companies have been able to beat, including a company like uber at this point. i would agree, there is trade news being priced in since china is looking for a rollback of
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tariffs and no imposition of the december 15th tariffs on $160 billion worth of chinese-made goods. stuart: so we are going up from the get-go. i don't know if we will hold these gains. who knows where we will close today. i was expecting a more robust opening. we are still on record highs but i'm a little disappointed there. >> oh, come on. come on. stuart: i want to see microsoft hit $175 a share. >> give it a minute. stuart: right. uber, okay. let's get back to that. they lost over a billion dollars. they say they are going to be profitable in the end of 2021. mike bought this. murphy bought this stock, what, about $30 a share. you in this for the long term? >> i owned the stock higher than this. we bought the stock yesterday after hours, after the earnings came out. from a $50 market cap where the company is now, i believe that uber will have a $500 billion market cap at some point. stuart: 500 billion? >> i think it's a 10x return from these levels.
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susan: wow. stuart: you think it's going to $300 a share? >> the stock may split. i'm talking the value of the company. price adjusted, yes. ashley: what time frame? >> we are talking several years now. i don't want to just throw crazy things out there. what i believe is that with their user base, they are going to be able to monetize the user base. once they do, everyone is telling you uber is losing money, uber can't make money. but if they have other product lines where they have start with 100 million people using the product, if they get those people being able to spend more money or give them more revenue, i think the stock has a lot of upside. susan: they have 103 million monthly active platform users. ride sharing, if you strip out taxes and the cost, is actually profitable on an adjusted basis right now but is that enough to support the rest of the company, when you're looking at uber eats which yes, revenue went up 50% but also losses went up 60% as well. so you are spending to get that business. i'm not sure that, you know, they are monetizing as efficiently as the market is looking for, especially with the
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lockup period coming up on wednesday as well. stuart: put you down as not a buyer. >> uber eats is -- they need to get as much of the market as they can, similar to what they did with uber, the ride sharing business. as they do that, they will be able to monetize that better as well. stuart: i'm close to buying uber stock. >> do it. do it. susan: at 28? stuart: i would buy at 28. susan: i would wait. stuart: but the lockup period ends on wednesday. insiders, early investors could sell. but look, it's a brand new and fascinating industry. i use it. i want to be part of it. i will buy airbnb when they go public as well. fascinating business. susan: what about regulatory overhang? we were talking about what happened in california -- stuart: there is always a problem. wait a minute. look. you are always going to climb a wall of worry. you don't think i have climbed a
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wall of worry when i bought microsoft way back when? you are climbing the wall of worry. there is always negatives coming down the pike. you've got to make a judgment on the fundamentals. you've got to make a judgment on the fundamental soundness of the business you are investing in, not its profitability but its position in our economy. uber, ride sharing, airbnb -- ashley: you like those models. >> global businesses, especially as far as uber goes, there's so much negativity on the company right now, i think that's why the price is where it currently is. stuart: i'm buying. okay. shake shack. weak sales forecast. look at it, 15% down. ashley: this is about same store sales. >> i think they are having a tough time right now, shake shack. i would rather see more news come out on them, how they are going to turn things around. stuart: they are down big-time. peloton. now, premarket they were up. after the market opened, they're down nearly 5%. okay. they lost money, less than
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expected, i suppose i have to use that expression. what about peloton? you buy that? >> bought the stock right here in the mid 20s in the last week, week and a half. peloton's a story, i'm a user of the business but john foley has a big vision for the company. users doubled, revenue doubled in the last quarter. that's what i look for. remember one thing, with peloton's 1.5 billion in revenue, the large portion of that is recurring revenue. they hit your credit card every month. every month it comes out of your credit card. that type of business should and does deserve a higher multiple than other business. you don't have to do anything and they are going to make money from you next month. stuart: now then, mcdonald's. their ceo forced out and now we learn the company's top h.r. executive has left the company. any detail on what happened here? susan: well, the company obviously isn't commenting but people are trying to put two and
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two together since easterbrook took over as ceo, now he's leaving along with -- stuart: are they connected? susan: i don't want to make that jump but others out there say what did fairhurst know about the consensual relationship within the company and how tied was he to easterbrook? stuart: we had messages coming to us yesterday after we did the mcdonald's story. some people thought look, easterbrook broke the rules, he's out. that's it. that was your position. ashley: that was my position. stuart: some people say look, this no dating rule is liability protection for the corporation. so the punishment was very harsh. the sentence was very harsh. but to protect the company, they had to do it. ashley: yes. this day and age, yes. >> i agree if you put a rule in place, you have to follow the rule and apply it to everybody. i think the rule is too harsh in this day and age.
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but i think the stock selling off based on this creates an opportunity for people, because they are going to bring somebody in who can run the business. it's not going to have an impact for instance on same store sales. susan: easterbrook was good for the stock since he doubled it under his tenure in five years. that was with all-day breakfast, the modernization of mcdonald's restaurant. 200,000 employees in the company directly employed by mcdonald's. virtually everybody reports to you. shouldn't there be a rule about who's a direct and indirect report in the future, whether or not you can have a special relationship? ashley: if the ceo won't follow the rules, who will? stuart: okay. okay. okay. the office romance is absolutely dead. lawyers beat romance every time. that's a sad commentary on this brave new world of 2019. ashley: maybe two employees who go to h.r. and say we're dating, that's fine. but if it's the ceo who already signed the contract saying i won't indulge in any of this, it's a different case. stuart: okay, mr. morality.
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the dow industrials are right now up 30 points. 27,491. myriad genetics, never heard of them, but their earnings fell short apparently, short of expectations. the stock is down 34%. now i have heard of them. all right. the parent of coach making money. they are known as tapestry these days. strong showings in europe, japan, mainland china. that offset weakness in hong kong and north america. the stock, dead flat. no movement. the botox maker, allergan, reported better profit, better revenue. no response. the can sstock is up 40 cents, the real reel. don't know what that is. they posted another loss but also reported -- ashley: what is that? susan: they sell second-hand luxury brands on the website. stuart: they are down 14 cents. got it. ten-year treasury yield. what is it, please?
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1.82%. okay. we have been bumbling around 1.75% recently. where's gold this morning? we are about $1495 per ounce. and oil, watch out, folks, there is a glut coming. but the price of oil is up $57. ashley: didn't opec say they are cutting production? stuart: by the way, you ran the marathon in, what? >> under six hours. under six. stuart: i think that was really cool. >> thank you. it was a great experience. all the people who volunteered, it's an amazing time in new york. stuart: i was astonished to learn in 1994, oprah winfrey ran the chicago marathon in four hours and 29 minutes. >> i will go on the record right now. i will race oprah winfrey on the record, it's out there, if you want a challenge, take it. stuart: whoa. what a show we've got for you. mike murphy, thank you very much indeed. glad you hobbled on to the set. senator rand paul, he was with the president at the rally in kentucky last night, calling
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him courageous for facing the fake news media. they are like best buds these days. wasn't always like that. we will show you what the senator had to say about the president just a few years ago and ask him what brought you around. crocs, they make those shoes. lot of people like them. so does wall street. the stock is near a five-year high. we have the ceo in our 11:00 hour on this program today. the president's in a battle with the governor of california over federal funding for wildfire recovery. how much are the state's liberal climate policies to blame for the mess? steve hilton, california guy, he joins me on that next. ♪ ♪
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stuart: here comes the holiday shopping season and amazon is gearing up big-time. what are they doing? ashley: trying to win the wars, of course. trying to get ahead of walmart and target. they have so much power, as we know. you can get free one-day delivery on over ten million items. that's a lot of items. if you can't find something to be shipped to you free in a day you are really looking hard. by the way, online shopping during the holidays expected to rise slightly. i'm not so sure i believe this. i think it will be massive. but last year, from last year, they reckon between 144 and 149 billion. stuart: that's a lot of purchases. ashley: of which 30% will be returned. stuart: a billion here, a billion there, you're talking real money. alibaba, china's amazon, their big shopping day is singles day. it's next monday. susan, we hear that large numbers of chinese consumers will not buy american products
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on alibaba -- susan: 65% of chinese consumers are reconsidering buying american brands. in fact, half of them say it's because of nationalistic fervor meaning they feel loyalty to china and in this u.s./china trade war, they feel they need to go against american brands. now, as for singles day, monstrous 24-hour sale, they make $30 billion in sales in just one single day. compare that to amazon prime, which made maybe $4 billion to $6 billion in a single day of sales. stuart: answer this question. i am a stockholder. i own some alibaba stock. should i sell it? susan: well, i'm not in the business of making recommendations, first of all. stuart: morally, should i sell it? susan: morally should you sell it. no. i don't think markets are moral, to be honest. they are about supply and demand, yes. but i would say -- i would still count on big sales in those 24 hours. stuart: so don't sell. susan: don't be emotional in trading. stuart: okay. i will give my decision later. now, the u.s., that would be
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america, formally begins withdrawing from the paris climate deal, this is a formal withdrawal. ashley: it is, like a year-long countdown. it takes forever to get out of this thing apparently. under the rules, don't forget, under u.n. rules, china and india considered developing countries, are not even obligated to curb their emissions. china will continue to raise carbon emissions through 2030. it's a joke. back at the time when president trump said we're out, he said it's time to put youngstown, ohio, detroit, michigan and pittsburgh, pennsylvania along with many others within our great country before paris, france. i think that's the message. it's going to be tough for the accord to continue without the u.s.'s participation. stuart: we're out. ashley: we're out. that was one of the main platform campaign promises of the president. stuart: i'm very enthusiastic about our exit. now, let's stay on climate. president trump threatens to withhold wildfire aid to california. if governor newsom doesn't quote, clean his forest floors.
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steve hilton is with us, a california kind of guy, host of the next revolution on the fox news channel. all right. here's my opinion for what it's worth. california's climate policy hurt the state and encouraged these wildfires and created the situation where you've got these blackouts and fires. what say you? >> yes. and let's look at the detail of that. you are completely right. gavin newsom along with all the democrats of course use climate change for every problem they can imagine. it's raining, it's snowing, it's windy, hot, cold, it's climate change. the same with the fires. they are using that to justify their green policies. but climate change is not causing these fires. what causes a fire. it's some kind of ignition, a spark and fuel to make it burn. on both those fronts, it's democrat policies that made it worse. with the spark effect, the thing that actually starts these fires, often it's been faulty equipment from pg & e, the big
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utility, particularly in northern california. why is the equipment so old and out of date? because instead of spending money on renewing their equipment, they have been forced to spend it on things like putting in electric car charging stations and a whole bunch of other green measures, maybe worthy but surely not a priority compared to keeping the equipment safe. secondly, on the fuel, when people try and -- not just on the forest but when people try and clear brush, for example, in the hills where they live, local environmental authorities, i know this personally from people, tell them not to do it because they are endangering habitats and ecosystems. on both parts of the thing that causes fires, it's the legislature in sacramento that's making it worse. stuart: do you think there will ever be a political change in california? because the state really is in deep, deep trouble. i mean, there's blackouts, maximum poverty, income inequality is very, i mean, you name it, there's a problem in california. it's always been run by democrats. you think that will ever change? >> i do, because i think it will
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get to the point where people realize that you can't -- it's unsustainable, this kind of -- the way people who on a regular income, have to commute to or three hours to get to their place of work because it's so expensive. the way that as you see the homeless turning the big cities into third world conditions. it is so outrageous, there's no one else to blame except the democrats. they've had complete power and i think in the end, people are going to be sick of it, rise up and we are going to have a revolution in california. stuart: now, you are younger than i am, but i'm quite prepared to say that in my lifetime, whatever years are left to me, you will never see a republican elected to statewide office in california. >> i will take that bet. ashley: me, too. stuart: okay. steve, we will be watching you, what is it, 9:00 on sunday night? fox news channel. "the next revolution." >> good to see you. stuart: yes, sir. thanks very much. i say the president was absolutely right and green policy, wrong. you are going to end up paying the price.
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that's the focus of my take, that's in the 11:00 hour this morning. firehouse subs started when a couple firefighters decided to open up a sandwich shop. they now have 1100 stores across the country. i will call that an american success story. we will bring it to you after this. aetna takes a total approach to health and wellness with medicare advantage plans that offer health coaching and fitness memberships.
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stuart: we celebrate success on this program, and we bring you now a success story. don fox is with us. he's the ceo of firehouse subs. don, welcome to the program. >> thanks, stuart. great to be with you. stuart: i'm telling the world you are a success story. so tell me about the success. >> sure. firehouse subs was started back in october of 1994, 25 years ago, just celebrated anniversary. two firefighter brothers robert and chris sorenson, first time they were in the restaurant business, started just with a vision for single restaurant. we are 180 restaurants now. stuart: they were firefighters, two brothers. a sandwich shop, that's it. 25 years ago. now you have 1100? >> 1180. 30 in canada, 1150 right here in the u.s. stuart: i regret to say i have never been, i have never seen a firehouse sandwich shop. >> not too far away.
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engelwood, new jersey and hackensack. not too far away. i will pay for the uber ride. stuart: you're on. 1100 stores. you going to expand some more? >> sure. we should do another 12 or so during the balance of the year. early plans, another 60 or 70 next year. they are going at a steady clip. it's about two things. finding the right franchisee and the right real estate. the site is critical. stuart: what about delivery? i'm told that that is the name of the game. you got to get into delivery. do people have sandwiches delivered? >> absolutely. right now, our delivery services, we use a third party service, uber eats, for example, represent 6% to 7% of our business overall and we have some restaurants, 30% of the business. very interesting space. stuart: the spicy chicken sandwich. >> spicy cajun chicken. chicken is hot. it's the number one protein in america. has been since the late '90s, passed beef. i will put our spicy cajun chicken sandwich up against any
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of the sandwiches. stuart: popeyes made a big splash on sunday. do you sell a lot of this? >> we sell a lot more turkey. turkey is a far better tastier protein. i want to convince everybody, turkey is the preferred choice. stuart: when you going public? >> we are not. no plans to. no need to. stuart: why not? >> debt-free company. stuart: you could cash out here. >> well, that's up to the founders. they are still the principal owners at the end of the day. i try to keep them in good position to keep their options open. stuart: they are having none of it? >> none of it. we are having a great time, lot of fun. it's a fun industry. i have been in it all my working life, 46 years. stuart: well, don, congratulations. we love success and you are a success. >> thanks very much. appreciate it. stuart: come back soon. i might just make it to hackensack. you never know. >> on me. on me. stuart: careful, lad. check the president, he nailed it right on the head with his climate change policy. this is my opinion, of course. he's pulling out of the paris peace accord -- not paris peace
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accord. paris climate accord. sorry. the left is really, really unhappy about this. i will tell you why we, the people, are going to end up paying for these unsustainable climate policies. that's in our 11:00 hour. we've got a lot more "varney" after this. perfect. peyton, what are you doing? nationwide's teamed up with amazon to bring you the all-new echo auto. you're gonna love this. alexa, add "xylophone" to band shopping list. (alexa) okay. we don't need a band shopping list. alexa and i disagree. alexa, add "positive attitude" to band shopping list. . . and let me tell you something, rodeo... i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home.
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stuart: precisely 10 here in new york, 7:00 on the west coast. we have the latest read on two important economic indicators. first of all, the service sector, we got a reading. have the numbers come in? susan: actually pretty good. 53.5 from what i see, for the october non-manufacturing, which is services sector. 54.7. i will recorrect that. that is still very positive. anything above 50 means expansion. don't forget the u.s. economy is 70% services now. so this is, showing maybe a slower tick down from what we have seen from the start of this
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year. stuart: still encouraging economic indicator for the service sector? susan: that's right. stuart: got it. what about the jolts report, job openings, what have we got? ashley: 7.024 million. a little shy what they were hoping for. the expectations, stu, it is all about that. we have a seen a little slowdown in that number. but still solid. seven million. stuart: i will look primarily at the service sector information, a solid report there. susan: solid. stuart: scott shellady, come in please. i see market moving up, i think it is moving up on the service sector news. what say you? >> that is obviously good news as i sat here waiting on the show, stuart, thought to myself, even after last week's job numbers, that come across the tape on a daily basis, isn't it just amazing, with the administration having to fight congress and also china, we still have these numbers? i mean just if we could really
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be unshackled, have congress at our backs, china in the rear view, things could really happen. i think art laffer is absolutely right. stuart: hold on a second, scott, jim awad is with me here in new york. you saw the service sector number, the jolts number. i find it encouraging, market likes it. >> we're absolutely on a roll. we had good third quarter profits became in better than expected. i think fourth quarter profits are likely to beat expectations which are modest. interest rates are low. valuations are understandable. the, one major issue out standing is china. and i think, both the chinese and the u.s. need a deal. a rational person say we declare a truce. if you have a truce, businesses plan supply chains. they have certainty. big business and manufacturing side pick up. i think we're in good shape for continued new highs. stuart: we hit a new high for the nasdaq composite, banner across the bottom of the screen.
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8454. to repeat do you think we're off to the races here? >> we're off to the races. a, the china deal falls apart. i put a low probability on that. that is possible. when you look around the corner, political environment will get pretty nasty with the hearings becoming open and on television every night. that could damper consumer and business confidence. but frankly i think underlying economy is strong enough we'll power right through. stuart: what is your opinion, scott shellady? are we off to the races? >> i don't know about races. it will be strong. government doesn't call it quantitative easing. they're sporting market to tune of 60 million a month. all those things fundamentally add up to the stocks being strong. give me a reason why they would sell off with something bad with china or something with the the administration. so far, so good.
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these stocks like smaller worries, so here we are. stuart: i'm getting more information on service sector report. susan: business component, actually rose. surprisingly rising to a 57 in october. it was expected to fall to 55. why it is important? business activity is picking up because there might be more clarity in terms of the u.s. china trade war. that is positive for the u.s. economy. stuart: sure is. the market taking it postively as well. i will refer to something which i might call a cultural event here. microsoft. they're testing a four-day work week. they're doing this in japan. a test in japan. they say that people are more productive in a four-day work week environment. not affecting the stock. that is not what we're talking about here. we're talking about a culture at work. scott, do you think it would work in america, a four-day work week, increasing productivity?
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what do you think? >> i would have to turn it around, stuart, and say as long as their productivity is at or better than what it was before i'm all for it when i was a little kid, my old man said if you get straight as you don't have to go to school. if productivity is there don't matter if they work one day a week. we need to be where we're at or better. that's okay. stuart: did you get straight as, scott? >> i will answer it this way, i had to go to school every day. stuart: james awad, would work with america? >> it is un-american. we work too hard in this country. we're energetic. we're dynamic, wake up early. create new companies. create new technologies. the psychology, culture of america is hard work and accomplishment, not hanging around the house for three days. stuart: that is the exact opposite of europe, isn't it? >> absolutely. tells the story. is japan growing? no. is europe growing? no. is the u.s. growing?
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yes. people get up and create new ideas, technology, new employment. i wouldn't trade us for any place in the globe. stuart: me too. as a matter of fact. another cultural story. goldman sachs offering really interesting benefits to employees. they're offering parents 20,000 bucks if they want to start a family and they need fertility help, put it like that. that is goldman 20,000 bucks to employees. i think that is -- scott, you want to come into this one? i think that is a terrific thing? >> i do too. i think it is very nice. all touchy-feely and warm but i don't know if i will jump on the offer right away. i would say this, if they want to pay for my gender reassignment sex surgery i might be in. we'll see where they go. stuart: scott, careful. ashley: quite announcement. stuart: do you want to make comments on 20,000 bucks for fertility? >> if you can afford, it can't hurt. it is very nice socially.
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stuart: i think it's a good thing culturally. >> i say socially i think it is culturally. stuart: isn't that a good thing for people to keep employees and keep people? isn't that a terrific benefit. >> mr. saloman is doing excellent job at gold man saks. i have honor knowing him, our daughters when to school together. effective manager. decent man. doesn't surprise me he is doing this. i think he will be successful in his role, back to something serious, scott for you, u.s. and china are considering rolling back tariffs as part of the trade deal. that would essentially be the phase one. i see that as wildly positive. what about you? >> yeah. i would like to be wildly positive about it. it will be good news. it keeps, we get the chinese water torture of good news from the chinese, right? i want to get behind it. but stuart, we've been talking about this, i don't know how long.
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something is around the corner, something is around the corner. the next deadline is december the 15. i'm a show me guy, missouri state thing, show me results before i get excited. better than the opposite. we'll take it in the market, or like it that is the big news getting something done with china. we're at least going the right way. that is what i would be excited about it. stuart: stay there for a second. i want to show our audience the stock price of uber. now they reported a loss of well over a billion dollars yesterday. now they said they're going to return to profitability by the end of 2021. the stock this morning is down 6%. 6 1/2%. you're back to $29 a share. scott, would you buy, look i'm intrigued at this whole industry, the ride-sharing industry, i want to get into it. would you buy uber stock at 29, scott? >> no, stuart. they're off more than 34% for the ipos, when the rest of the market, s&p is up over 22%.
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they're off 34. s&p up 22. that is a pretty big disparity, number one. stuart, i would wait at least a couple days, they have a lot of shares coming unlocked on wednesday, right? keep an eye on that as well. until you start to see the fundamentals really turn around, you will be averaging in at a loser. i would wait until i saw things get a little better. stuart: jim, i want to get into this kind of new industry whether ride-sharing or airbnb. should i buy? >> i'm more of an asset allocator than a stock-picker, let me tell you. if you want to buy, the time to buy when they're giving it away, there is blood on the streets, when the stocks are down. if you believe, a package of these stocks, you buy them maximum pessimism psychologically. you have to say that is the case today with uber, without commenting specifically on the stock. it is way above my pay grade to understand unicorns. we old guys like to stick with
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companies like microsoft, apple, that have good dominant shares, a record, you can measure the earnings. i will leave that to the younger guys. mike murphy was certainly controversial in it. i will defer to him. he is younger, smarter, richer than i am. stuart: no such thing as above your pay grade. scott shellady. gentlemen all good stuff we appreciate it. moving on to other stocks moving, peloton, 23 bucks a share, down 6% way below their ipo price. gerri willis at the new york stock exchange, what is going on with peloton? >> this is a big turn around. before the open they were up this amount. they are down, down hard. profits will have to wait. they want to continue spending money to grow. give you the exact quote. ceo john foley. we're in striking distance of profitability f we pull back on
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growth, we would be profitable. that is not the what the board and leadership of peloton believe. i spoke with foley not too long ago when he went public. he is investing in two brand spanking new studios and two headquarters in new york city. big plans to spend a lot of money. he said it is essential to growing. it is not essential to the stock price. look at this, down almost 7%. back to you. stuart: gerri, got it. $22 a share on peloton. coming up we have a mess in washington all because of voters. he is frequent guest on the show. i will put it to him. it is not the voters fault. we'll see what he has got to say. we'll be joined by kentucky senator rand paul. just a few years ago he is slamming the president. now it seems they are best buds. i will ask him what changed. there are a lot of headlines with the left slamming elizabeth warren and bernie sanders for their policies. looks to me like the democrats are in panic mode take on that later this hour.
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stuart: we're up, not much but we're at up 20 points at 27,482. earlier we hit all-time highs on the dow and also on the nasdaq. i got a headline for you. how about this? voters are responsible for the mess in washington. who wrote that? peter morici wrote it and he is with us now. your hand is up. there you go. why are you blaming voters for the mess in washington? i blame the politicians not voters. >> they want all kinds of good stuff but they don't want to pay for it. look at infrastructure and roads. roads are falling apart. part is davis bacon and waste. using gas tax, piece of it for mass transit and bicycle paths.
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a good part of it, they don't want to change the gas tax. it hasn't been raised since 1993. i don't know why people use the roads pay for the roads. but people tell politicians they won't. elizabeth warren is running around the country basically tax all the well away. like henry of the 8th, closure of abbys. take all the money from wealthy people. folks don't want to pay for universal free care but they want it. stuart: it is a political problem. you can never ever cut government spending. you can't do it. we may need to do that. we may need to cut the waste out and frivolous spending we need do but we never ever do, don't we? >> people that benefit from the spending don't want to put up with it. right now, elizabeth warren, if she were to become president will run exactly into the same trap as obama and clinton,
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frankly mr. trump. the first year or two of their presidencies were basically eaten up by health care. why? because whenever you talk about changing the system to make it better you are always talking about taking some things away from people. like, for example, their private health insurance and replacing it with something else and whenever you talk about taking something away from people they don't want to do that. we have to basically give them a new benefit, keep the old one in place. stuart: i don't get what is going on here? we are now a prosperous nation, any way you slice it, we are a prosperous country but voters don't seem to be, if i say they don't appreciate it, that is a wrong way of putting it, but the message isn't getting through, is it? >> i think democrats are right about one thing. there is a wild misdistribution of wealth in the country. not all of these billionaire fortunes were made strictly by smart minds. it was also made by market
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concentration, monopolization of markets. take comcast. started out as comcast provided cable tv at your house. george bush, let them set prices where they wanted. they didn't let them be regulated like a telephone company. they leveraged up into a empire by basically overcharging people for cable tv. blackstone group is running around buying up all warehouses in new york city, chicago, san francisco. they basically monopolize warehouses people other than amazon for fulfillment centers. justice department, read it in the newspaper, they're cutting paper dolls, going after russians they're not doing anything about that. the whole purpose to basically jack up rents on those places. you know who will benefit in addition to benefit blackstone? amazon. it has the own warehouses. it will basically wipe out competitors.
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stuart: unhappy peter morici. >> there are things wrong that need to be fixed and they don't get fixed. part of it is privilege and people like something they don't pay for. stuart: that is more like it. peter, thank you very much real soon. thank you very much. >> take care. stuart: new yorkers, said to have the longest commute, 40 minutes each way but there is one city where commuters pay the most to get to work. give you a hint. because we'll tell you where it is. we'll give you in a hint. in a state we talk about alot. you know the answer. we'll be back. ♪ look.
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stuart: the dow was up 30 points t was up more than that. we'll take 35 point higher, just shy of 27,500. show me kroger please. the grocery store chain. they made strong profits. strong sales. the stock is down two bucks. showing me amazon. move on. a new study coming from lending tree. it says new yorkers have the longest commute, 40 minutes each way. now i want to know which state has the most expensive commute. i think i know. susan: you do. stuart: california. susan: yes, top two cities, may not surprise you, top one might surprise you, fremont, california, outside of san francisco. that is where the tesla factory is. you spend $49 a day. entire year, is $1280.
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because you have to drive long distances and gas is not cheap. ashley: parking? susan: mostly parking and. stuart: $49 a day? susan: baffled by that? what about san francisco $41 a day. i thought san francisco would be number one. stuart: i'm not baffled. shocked at it. california the great golden state. blackouts fires. ashley: yes. susan: finish that. san francisco is number two, 11,000 each year. number 3 is arlington, virginia. number four, irvine, california. longest commute, new york city. 42 minutes. jersey city, number two, 36 minutes. stuart: a lot cheaper outside of california. money counts for me. there you go. move on, stuart. big tech accuse of exposing our personal information to china. there is a hearing on the
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capitol hill today. hillary, hillary vaughn is with us. wait a minute. there is a couple of big tech companies are not there, that were invited, but they are not there. have i got that right? reporter: to empty chairs for them too. ticktock an apple, executives for both companies refusing to show up today in front of the subcommittee looking how big tech exposes our data to china and other bad actors. the head of this committee, senator josh hawley, blasted the move, asking on twitter if ticktock has something to hide, saying he will save a place for them. there will be two empty chairs in that hearing today. he says it's a big mistake for them to not show up today but ticktock says they had two short of notice. i talked with someone familiar with the invitation. they tell me they had only six days of a head's up, for them was not enough time to get someone to appear in front of congress. stuart. stuart: six days? not enough time to get somebody on congress on very important security issue?
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don't like that. but hillary, great report. that very much indeed. world series champs, washington nationals. they went to the white house yesterday. one of the players put on a maga hat. he got a lot of hate mail. brian kilmeade about the national as in the white house. left-leaning media slamming policies and plans. looks like the left is in panic mode. i will have my take in a moment. ♪ the does your broker offer more than just free trades?
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♪ ♪ i'm the egg man stuart: susan don't look so shocked. susan: what song is this? stuart: i amwalrus. this is one of the best beatles songs written 50 years ago, sounds revolutionary. sounds unusual, doesn't it? >> susan: that is how i would describe it. stuart: producer said, it takes 70 years to acquire that taste. check the big board. we're up 24 points on the dow jones industrial average. 27,487. now this. i was shocked, shocked this morning when i scanned the headlines in the liberal media. they have won't up to the
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economic lunacy of elizabeth warren's "medicare for all." she is the darling of the left but on this one she is taking a shellacking. "the new york times," look at this, the warren way is the wrong way. "the times" says, a warren presidency is quote, a terrifying prospect. whoa. "the washington post," look at this, a health care plan to get trump reelected. yes it is that bad. another from the post. warren's health care plan is festooned with magic asterisks. the writer is ruth marcus. she says warren's numbers are fanciful. you know, i really wasn't expecting this. it amounts to panic, doesn't it? panic that the new front-runner for the democrats has made a major gaffe that cannot be taken back. it gets worse. the morning times conducted an extensive poll of battleground states, those states that have big say in deciding next year's winner, michigan, pennsylvania,
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wisconsin, florida, and north carolina. "the times" concluded, the president's advantage in the electoral college remains intact or has even grown. no wonder democrats are pushing impeachment. only a year to go on the election. they're losing on policy, losing on prosperity and their socialist front-runners are being attacked by their own side. impeach him, slime him, give away free stuff. that is what they're running on. trump wins. come on in charlie kirk, founder of turning point usa. you heard what i had to say. glad to see you're smiling. maybe i'm going a bit far. i don't think democrats in panic mode. i think they're close. what say you? >> people riding editorials they remember 1972 where all the young socialist radicals won over the democrat party in middle of the night in democratic convention in miami, florida, they got absolutely
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destroyed in the upcoming election. that was election we promise everything, free health care, change the trajectory of america, versus someone talking about make america great again. that phrase was used in the 1972 election like it was in the 1984. you're seeing regular democrats, centrist democrats, but the goalposts have moved dramatically here. more centrist democrats throw caution, senator warren, please don't lose this election for us because you want to fundamentally redefine the fabric of our country. stu, i think your editorial is spot on. they're starting to see polls in florida and ohio, head-to-head warren versus trump. trump up six point against elizabeth warren in florida. that is unbelievable. stuart: you were mentioned in an article, the title of that article was, there will be first-time voters in 2020 and they're all in for trump. i have got it on the screen, charlie. there will be first-time voters in 2020.
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they're all in for trump. to me that is, are you kidding me? i didn't know that. you are saying youngsters who will turn 18 next year, they will be voting for the first time, they're all-in for trump, really? >> i will tell you there is so much support for this president. i tell you first-hand experience. i've been on eight different college campuses from arizona colorado, iowa, new hampshire, california, all across the country and i'll tell you, students, 18, 19 years old, beginning college student are culturally so upset with the political correctness, assault on free speech and left-wing dominance of our culture they're looking at president trump as a restoration of normalcy. trying to continue revitalization of america. i'm telling you the left, they're in for a big surprise coming next year. we're a year out from the election, a little less. they will be surprised young people support this president more so than any republican president in recent memory. you saw the story that was
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pretty incredible they're talking about first-time voters that are gravitating to this president. tell you one final thing, stu, campus tour we're doing, only bad thing we have to turn away more student that we're able to let in the lecture halls. that is the kind of enthusiasm we're seeing for the president's message, to get him reelected going into 2020. stuart: let me throw one thing at you, charlie. do you think that you and i are underestimating the appeal of free stuff, free college, free medical care, call it what you like? are we underestimating the appeal? >> we shouldn't. the president has talked about this quite often which it is very hard to run against free medical, free housing and student loan forgiveness. the message of freedom versus free stuff is harder but i will always bet on the american people to do what is right, even when the attraction is greater on the other side. stuart: charlie, keep it going. charlie kirk, always on the program for years and years. he will still be president in
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2044, i do declare. see you later. breaking news coming at us, treasury department new sanctions on venezuela. what have we got? susan: unifying with canada and with sanctions against the maduro regime. five current officials of the government of venezuela associated with maduro and rampant violence proliferates in the country. that continue to benefit from the corrupt former regime. they're getting closer with rest of the world who they want to sanction and block off from the u.s. economic system. stuart: do you remember, nine months ago, 10 months ago, a year ago we were saying, what is the endgame? ashley: yes. stuart: starving in the streets. ashley: every day. stuart: near revolution. susan: guaido. stuart: acknowledged leader. susan: but by many states. maduro is still in charge after all these months. stuart: he is. susan: despite tightening sanctions. when do we see the regime
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actually fall. stuart: when do we see regime change? when do we see it? susan: any day now. stuart: i don't think so. we have really big news for amazon. they are gearing up for what is expected to be the biggest online holiday shopping season ever. ashley: free one day delivery on more than 10 million items, obviously keeping ahead of walmarts and targets. 10 million plus items. one day. it is impressive. it is interesting, 85% of consumers prefer free shipping to fast shipping. i wonder why the other 15% doesn't like it? that is interesting. they think that online shopping numbers will be strong again this year, slightly higher than last year. stuart: slightly higher? ashley: to 144 to $149 billion. stuart: i'm not going out on a limb about something i don't know much about.
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i think this will be the online shopping season to end all online shopping season. susan: every year it is. more people shop online than in physical retail stores. the trend is your friend. stuart: is that true? more people shop online than go to physical store? >> becoming that way, yes. it is more half, half. ashley: returns averaging 10% on bricks and mortar stores. 30% for online purchases. stuart: so easy to return. ashley: all those packages. stuart: bed, bath & beyond, have we have stock quote? they will open on thanksgiving. i call that desperation. susan: very first time. i meet you there on november 28th on a thursday, 5:00 p.m. to midnight. when they're open. they are offering 25% off your entire in store purchase. if you get there. you can get, okay, i will give you one deal. they have an expresso machine that usually retails for closer to $200. it is $93 on november 28th, if you want to go. ashley: not enough for stu. stuart: you know what i do?
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ashley: you go online. stuart: i go to walmart, buy a mr. coffee for about $13. ashley: there you go. stuart: it is the perfect coffeemaker. dead easy. no bells and whistles. susan: deals on amazon start november 21, can get the deal a week early. stuart: thanks so much, susan. susan: i will get it for you. stuart: you're on. two years ago on the campaign trail rand paul really battled with president trump. now they're best buds. i will ask him in a moment, what changed? senator rand paul next. ♪. ♪
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but congress needs to step up and have equal courage to defend the president. [cheering] hunter biden made $50,000 a month. that's the definition of corruption. we know he got it only because of his family connections. we also now know the name of the whistle-blower. the whistleblower needs to come before congress as a material witness because he worked for joe biden at the same time hunter biden was getting money from corrupt oligarchs. i say tonight to the media, do your job and print his name! stuart: good senator joins us momentarily but before we get
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there i want to go back a couple of years and show you what senator paul, rand paul was saying to candidate trump during the 2016 campaign. roll that tape. >> i think there is really a sophomoric quality entertaining about mr. trump. i am worried, concerned about having him in charge of the nuclear weapons, i think his response, his visceral response to attack people on their appearance, short, tall, fat, ugly, my goodness, that happened in junior high. are we not way above that? with we all be worried to have someone like that in charge of the nuclear arsenal? >> mr. trump. >> i never attacked him on his look. there is plenty of subject matter right there. stuart: oh, sorry to do that, mr. senator. can you explain the change over a four year period there? >> primaries are very competitive. we had a spirited primary. we went back and forth. at the time my biggest argument
Check
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against donald trump i was worried he wasn't sufficiently conservative. he didn't have a long history in the conservative movement. i've been pleasantly surprised. he exceeded all my expectations. we have gotten over 150 conservative judges on the court. we repealed regulations. we passed a significant, a large tax cut that is spurring the economy. everybody in washington want ad revenue neutral tax plan where we really wouldn't cut taxes. trump with my support, we insisted on a large tax cut. i think we come to work together, over time we proved we have more in common than not. stuart: can we talk about the whistle-blower? seems to me incredible we should thinking about removing this president from office on the basis of anonymous whistleblower and a phone call to ukraine. what is your opinion? >> well the sixth amendment is pretty clear. it is part of the constitution, part of the bill of rights. it says you get to confront your accusers. so i think it is very clear the only constitutional mandate
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here, if someone will accuse you of something that might remove the president from office, for goodness sakes shouldn't they come forward to present their accusations in person? here is the second thing. we now know who the whistleblower is. we know the whistle-blower was involved with joe biden at the time hunter biden was receiving money from a ukrainian oligarch. the whistle-blower is material witness with the corruption with joe biden and hunter biden. that whistleblower needs to come forward as a material witness, due not due to the fact that they are a whistle-blower. i suspect it will happen. there will be in the public. there will be a subpoena, an attempt to get a subpoena. the question is, are the democrats going to allow a process where we can discover the president wanting this information on hunter biden, whether or not there was really corruption involved? stuart: mr. senator, i'm very short on time. i apologize for that. thanks for coming on the show.
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making your points. we're listening. thank you very much. rand paul. >> thank you. stuart: yes, sir, thank you. completely different subject. world series champs, nationals visited the white house. they have got a love. i tell you they got hate. we're all over the story. brian kilmeade is covering it. ♪. as a struggling actor, i need all the breaks that i can get. at liberty butchemel... cut. liberty mu... line? cut. liberty mutual customizes your car insurance so you only pay for what you need. cut. liberty m... am i allowed to riff? what if i come out of the water? liberty biberty... cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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that's it. i'm calling kohler about their walk-in bath. [ sigh ] not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please. [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do.
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a kohler walk-in bath provides independence with peace of mind. call... for a free kohler® nightlight toilet seat with in-home quote or visit kohlerwalkinbath.com for more info. stuart: it is that time. joining us now. or i'm joining him. brian kilmeade, host of the brian kilmeade show on radio. as you know the nationals went to the white house yesterday. lots of love. one guy turned up with a maga hat. there is backlash about wearing that maga hat on social media, some backlash on social media. i was pleased to see a sports team to go to the white house seen by the president. i was pleased to see that. >> it happened quick. almost not six meant thing, where you forgot who won the super bowl or the nba championship. they went there the president knew he would get booed. he didn't care. he went to ufc. didn't know how it goes,
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new york city. that is demo likes him, the empty of the ufc knows shim. one of his biggest supporters. he knew it could be controversial. he loves sports. guys come to the white house. ryan zimmerman, suzuki the catcher like him. stephen strasburg like him. four players didn't, didn't show up. so what? stuart: he has a way of flushing out his opponents, doing what he wants to do. that is what happens all the time. >> one of the things zimmerman said. he said thank you for keeping us safe. i like your national security, mr. president. it is not easy. he didn't say i like you so much better than hillary clinton and elizabeth warren. keeping it safe. can we all agree on that? good job building up the fence and homeland security. keep our fingers crossed. no real attacks here. our issues are things we have to handle things when it comes to school shootings, things like that. we're not dealing with a whole
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bunch of pulse nightclub shootings from al qaeda activists or isis extremists. i thought that was not controversial. he is sitting president of the united states. it is okay to like him. stuart: it is okay to like him. respect him, admire him too. you have a book out today. >> yeah. stuart: the title is, "sam houston and the alamo avengers, the texas victory that changed american history ♪ tell me all about it. >> what i wanted to do is 60 years after the revolutionariry war and british, fighting for freedom and liberty, something the world was not seeing. a lot of people wanted second chance, bad marriages, bad start, bankruptcies, they go to texas. next thing in the 1820s we start populating texas. we have more people in texas in 10 years than the spanish put there in 300 years. when santa ana takes over decides to take freedom and liberty away. so outrageous for the people of texas, they would fight for
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their freedom. this is so relevant. we're talking about social safety nets. talking about blaming government. you had a group of people who started this country, who said all i want is the opportunity. the only thing that got them angry when they tried to take freedom and a chance to be successful, to pursue happiness away. they made their own declaration of independence. made the own constitution. it is based off ours. these were americans. they fought for freedom and inside of a year, they pulled off one of the most unthinkable victories in the american history. if you talk to general petraeus, general mcchrystal, phil collins of genesis is obsessed with the alamo and these stories, they can't believe we won this. this is an american story. nine years later they are annexed into the country. if we bring this forward we discover our roots what made america, america. stuart: one thing i like about your books, you pick on historical events of relevance
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in our modern times that makes america look good. i particularly remember your story about the north african pirates, the way america dealt with them at the time. i think this book about the alamo, that is along very similar lines, if i'm not mistaken? >> what i do, what happens, stuart, growing up we have a day or two at alamo, talk about how significant it was, the way they fought, in texas they have a few years of texas history. i thought that was their history. when i realized that is so much more than that, what led to that, the alamo, what happened at san jacinto, we put up with terrible carnage. instead of texans, americans, giving up, made them quite as angry and determined to be successful. this sam houston character, i did in the "rocky movies. fighting about andrew jackson, bring it back to new orleans.
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without jackson men overing houston, we don't get texas freedom. we link it all together. i would help you pass the citizenship test. you didn't need my help. you know a lot about american history. we have a special on fox news channel next sunday. it will be 10:00. we'll see the whole thing, what is happening at alamo, thanks to george p. bush. stuart: i might even buy a book. >> 5% off if you act now. stuart: 5%, what a guy. kilmeade. what a guy. see you again real soon. >> thanks for the questions. stuart: how about crocs? ashley: what about them? stuart: look at that stock. it is down a bit. the shoes are wildly popular especially amongst youngsters. we have the ceo in the next hour on the show. porsche making a big push to buy their cars.
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they're opening experience centers, to let you drive on a racetrack. we'll get you in the driver's seat. it is official. we're pulling out of the paris climate accord. those on the left are unhappy about it. i tell you why we will pay the price on unsustainable climate policies. that is my take next. as a principal i can tell you this. when one student gets left behind, we all get left behind. this is a problem that affects each and every one of us. together with ibm, we created a whole new kind of school called p-tech.
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stuart: the president has officially begun the withdrawal of paris climate change. yes, we are the leading carbon cutters, thanks to our switch to natural gas, the rest of the world not doing so well. china under the paris accord didn't have to do anything until 2030 when it promised to try to get emissions down. the europeans have been paying the chinese millions of dollars to try harder. they are not responding, they won't speed up their efforts, the europeans are stamping their little green feet very
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frustrated, they are not meeting their carbon cutting targets either and highly energy prices that they have to pay are helping boost the continent in a recession again. here at home the left is obsessed with the climate and consumers have to pay the price. look no further for california for all the misguide, in effects of misguided policy, the formerly golden state insists that pg&e, the utility buy expensive renewable energy, that sucks up money, more friendly gasoline so gas remains well above $4 a gallon, look at new york, the state sits on massive supplies of natural gas but governor cuomo says, no, you can't go get and won't allow pipelines to bring gas in, watch out, new yorkers, you will play through the nose because of
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politically correct short-sided climate policy. it'll hit the presidential election, front runner elizabeth warren wants to ban fracking, the one thing that helps us cut emissions so much fracking and senator warren along with her fellow leftists would stop it cold. the europeans, the chinese, the greens, the left on climate, they are philandering. this editorial is not whether climate change is real and whether climate policy is effective but the president's policy is working, switch to natural gas and lower emissions and export to help other countries do the same, that's the policy that works and he was absolutely right to get us out of the paris accord, yet another win for the american people that the media will ignore. the third hour of varney is just getting started.
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♪ ♪ stuart: we finally got reaction. let's bring in executive director of power of future, misguided climate policy will cost us all a fortune, am i going wrong anywhere? >> no, you're absolutely right. the country most disappointed we are pulling out of climate paris accord is china because they were able to continue their emissions unfettered for the next decade or so, the paris climate accord, what president obama was hamstring our economy and more than anything it hurt the poor, when he pledged to reduce emissions 26, unrealistic goal, he told the american people we had to decarbonize economy, getting rid of manufacturing jobs, getting rid of oil and gas and fossil fuels and shipping industries to other countries, that's jobs, incomes,
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rural communities, so the american people were the ones that were going to suffer the most on paris climate accord. stuart: we could be wrong, i will not say we are absolutely wrong, we could be. >> ask china to step up omissions. if you believe as aoc and the environmental movement believes that carbon is pollutant that's causing climate change and california fires and theories, if you believe that, china is the one that we have to be going after, china is the largest polluter of plastic in the ocean but we are banning straws in america, we are banning fracking, proposals by elizabeth warren and bernie sanders and yet it's china and countries
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like india and pakistan that are leading the older in omissions. it was really an absurd proposal to begin with. stuart: glad we are in agreement, daniel turner, thanks for joining us, sir. let's turn to markets, they are always making news these days, elizabeth, host of evening edit on this network, is there anything that you can see that stops the upward march of stock prices? >> no, nothing right now, what a turnaround from the summer when everybody was saying recession because the yield curve was inverting and such. i'm looking at the numbers since the president was elected, $10.6 trillion in wealth added to the -- that's more than the purchasing power of spain, russia and germany combined for the purchasing power parity of consumers, whopping big number,
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at this point, remember we always said in election foe start focusing in august, right now in thanksgiving, house is in recess, they are not getting things done, they are on recess again, 8 days to settle the government potential shutdown by thanksgiving, thanksgiving table, okay, what is going on, elizabeth warren wants to take fifth of the economy out and put it under government control, how much it would cost, health care when she has plans for everything else. i think -- i would love to know what the viewer, and by the way she's under the water in battleground states that donald trump won, so is impeachment with swing state voters, michigan, pennsylvania, florida and others. it's going to be a heck of a time. we are in a historic run. stuart: do you think there's election in which we pair prosperity, we achieve prosperity and pairing up prosperity against free stuff,
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free stuff for everybody. this candidate will give it to you for free, that's powerful appeal. >> we have been saying this on the evening for a year, the democrats right now have overturned what jfk exhorted people, ask what your country can do for you -- what your country can do for you and not what you can do for your country. they turned that upside down, all you can seat salad bar, you know, with free stuff and that's -- that's not the dna of the american people, they work. they work for what they achieved and now elizabeth warren wants to take it away, wants to take away medicare, right, work to pay all of your life to put in government line for health care run by the government. ashley: argument is going to be free stuff, look at what the republicans have done, tax cut that only benefits the rich, we hear that time and time again, not true but that's going to be the narrative.
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stuart: you got it, stay with us emac, stay with us for the hour. >> the varney spin-off show. [laughter] stuart: take a look at apple, all-time high, went to 258.19, i call that pretty good gain, check jpmorgan, another dow stock, another all-time high, they hit right now that's the high, 130.14 per share, new high, jpmorgan. president trump he's making the rounds, he was in kentucky last night, he's heading to louisiana tomorrow, both states voted red in 2016, what is he going to do this time around, what are the states going to do, is the president solidifying his base, i think the answer is, yes, indeed. yesterday we went to pennsylvania, one one of the 3 g state that is helped the president win in 2016, we heard from the voters there, all about the economy, next we are headed to michigan, what are they saying there? and, yes, we are now one year
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stuart: one year till the election and swing states in focus, connell mcshane went to pennsylvania and spoke to voters, they are all about the economy, today he's in michigan, auto making country, connell, in pennsylvania the economy, what are they talking about in michigan? >> same thing, they make the
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equipment for the automotive industry among other industries, they are foesed here on the manufacturing economy, what matters to them and they are saying similar things quite frankly to what they said last time around politically, those who love president trump for the most part seem to still love president trump, those that were against him last time around, he did win the county by a slim margin are probably still against him, we are trying to figure out where the few undecided might stand, maybe quick point about where we are, macomb county in michigan, famous political counties in the country, almost always picks the winner, you go back 6 elections and 5 out of 6, a pass in 2000, they won't for gore slightly over bush, 5 out of last 6 they got it right and reagan democrats, union ranking file democrats were really born here in the 80's, they usual you get it right, this time the economic trends even with the president personally popular among people, stuart, who liked him last time are starting to just slightly turn against him.
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unemployment, for example, still very low here, 4%, this company where we are at expanding, last year it was 3.7%, this time a year, gone up a little. we will watch that, really close again. stuart: connell mcshane continuing in tour of swing states, we will see you again tomorrow. >> all right. stuart: we are a year from the election day and look at this poll from nbc and the wall street journal, 46% of voters say they are almost certain to vote against the president, look at this, 49% support both impeachment and removal from office, kayleigh mcenany is here, trump 2020 national press secretary. you can't dismiss polls, you can't say that, what are you going to do about it? >> well, i will dismiss that poll and here is why, because national polls don't matter, what matters are state polls, what matters is the new york times poll that came out yesterday, rare that i look at a poll and say, wow, that's a poll
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that actually seems to accurately take the temperature of the electorate and yesterday the new york times surveyed 6 swing states found that president trump is absolutely few -- pummeling elizabeth warren and bernie sanders, california, new york, that's what that poll is essentially serving over sampling democrats. stuart: the president was in kentucky last night stomping for the governor, there's an election today, the president has put his influence on the line, he better that have republican governor win today. >> well, i think we will see governor bevin win and not just governor bevin, we will see a victory in mississippi and louisiana in 2 weeks, stuart, i talked to you about this before, the president comes into the rates, they are razer-thin
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races, so i think governor bevin wins, it's a hard, hard race, kentucky has only had 2 republican governors in modern history and many have had a hard time winning a second term but i think he wins tonight and he wins because president trump was behind him. stuart: show me an election, recent election where the president has weighed in at the last minute and turned the republican candidate into a winner? >> a great example is just 3 weeks ago, looked like in louisiana governor bell edwards was about to victory, president trump came in the day before, forced the race to runoff, two republicans in the race and now runoff between democrat and republican, we will have that election in 2 weeks but he was a game-changer, the democrat governor was supposed to win outright and he didn't do it because of president trump. stuart: i think the election, election in louisiana is 2 weeks ago, will the president go again, make another trip? >> yeah, we are going tomorrow i will be heading out after i talk
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to you, tomorrow morning to monroe, louisiana, so we will be there, the president has put down ballot candidates, he's been in 3 states in the last 5 days and to support republicans up and down the ticket. stuart: what are your intern al polls showing you if you care to share? >> well, i wish i could but i can tell you one thing, stuart, i could tell you one thing and it's this, since june we have made a 10-point gain among women in head to head watchup with joe biden, 10-point gain so just shows you when the president defies an opponent, the polls move and women move in our direction by 10-point margin. stuart: thank you for sharing that one with you, i love to see the others but i don't think you will tell me. kayleigh mcenany. come on back. thanks. >> thank you. stuart: boeing on your screen up nearly 7 bucks, up nearly 2%,
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the ceo muilenberg will not accept bonus, i don't think that has had much to do with the stock that's up to date. morgan stanley cut its target price, it was going to go down to $25 a share, it's at 28, up 40 cents but they think it's 25, big drop in the stock, then the porcha, designed super yacht, that's what it is, spaceship on water, it's now up for sale, the cost only available on application, we are guessing it's a lot. it's called an experience center in los angeles and atlanta, we will take you there next.
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stuart: we've lost some of the gain but we are still on the upside on the dow industrials, we are still close to record highs, 27,500 real close, ash, liz, we've got strong profits, growing economy, full employment, favorable china news. ashley: yeah. stuart: what am i missing? ashley: nothing. >> back to you. ashley: hostage to headlines every second of every day to be honest with you, we've got positive news it seems like things are going well, phase 1 of the u.s.-china deal, we could get a tweet or a headline this afternoon and all of a sudden doesn't look so great, we start to lose ground, to your point, the economy is doing -- humming along well, yes, we are slowing down, still strong.
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stuart: keep going up. ashley: well, yeah, melting up. >> looks like earnings are coming better than expected. stuart: did you use the word expected on the program? we give the buzzard for the word. >> i would love to get the buzzard, makes me happy. [laughter] stuart: well done. let's get serious, let's talk politics. this is for you. >> okay. stuart: senator warren is antiwall street as they come, push for the presidency is now hurting other democrats, well, donors are not donating. >> new york times is reporting that, by the way, elizabeth warren is fiercely antiwall street. stuart: yeah. >> they hijacked democracy, we know that the warren campaign has capped donations from bank executives in wall street types at 200 piece, that plummeted, she's bringing 330,000 from wall street types versus pete buttigieg 1.3 million, just 2% of hillary clinton's 1600 donors are giving to elizabeth warren, steve who is a democrat
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financeer saying she wants to fundamentally change capitalism. stuart: i saw that and the times this morning says a warren presidency is a terrifying prospect, this is "the new york times" saying that warren presidency is a terrifying aspect. >> she wants to put her economy in teacher's faculty you lounge and works with wealth taxes, spike all of this, that will hit americans pensions, 401(k)'s. stuart: staying on your money, what a disaster right there. down 20%, very rough day for shake shack holders, don't worry, ryan is back with us, school of management kind of guy and sitting right next to me right now, what do you mean it's not so bad?
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>> well, it's bad as it is today, let's see what happened yesterday before 80% stock year to date growth and the company had been growing year to date. stuart: straight up. >> had been going on up. now taking in a long-term perspective, we all know that's a huge indicative of what this is what's leading to it, down to 2%. this is a young company, it's a young-growing company, what happens in food business, they keep scaling and this is it, grown 70 stores, they have a license model, revenue stream, there's some less risk there, right, it's not all corporate stores, right, and they still have to figure out how to grow and have continued revenue, revenues hit the guidance of analyst but it was the comp coming down. stuart: this is typical for a relatively new company in the food business to take a big hit but then figure out how to get this right?
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>> if you want to scale something and grow it long standing, this is the road that you will get, you will see the next 2 quarters are they going to figure it out. the other piece, delivery piece, they made decision to go with one delivery grub hub which had been tougher to integrate, there are revenue streams out there. i see revenue streams for them to grow it. now it's up for them to be able to get it back, as you know in comparable sales you can't do the same thing, you have to engage the consumer and do new things and guess what, they are with the big boys now. they are no longer the young new ones and have to create legacy brand. stuart: i'm not sure i buy the stock on a day like this. >> that's not my recommendation, one of the stocks where you wait and see where it goes down and if you see some value in it down the road, days like this you don't touch because there's so much noise. stuart: i have to talk to you about mcdonalds, two executives out as you know, ceo fired and
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top hr guy, he was just moved out or he moved, i don't know for whatever reason, but the two top executives are out, you're a management guy, what do you make of mcdonalds not behavior but their actions in this case? >> well, i look straight to the board of directors, they moved with swiftness in this decision, i think two reasons, one they wanted to control what the brand represents to employees and this policy of, you know, it was technically -- it is a policy that was broken, he apologized, the ceo apologized that he made a mistake and these are mistakes that are at hit level the board said, can't happen and sent a really strong message to not just employees, stuart, and the consumers, this is behavior that's not allowed. no one is above the law, again, in the words of the board, we always talk about how boards take too long to move things and they go through it and this is one of the cases when you look at it it's a clear decision.
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stuart: they did the right thing? >> they did the right thing with what they layed out. [laughter] stuart: do you now feel then that gone -- ashley: not at all. as long as they report to hr, it's perfectly fine, he's the ceo of major company, he signed on under those condition, he made a big mistake, to your point, they had to make an example, is it harsh, possibly but he brought it on himself. >> what if he went to hr ahead of time and said i'm interested in this employee, it wouldn't have mattered? >> it's in the policy, you to change the policy, nothing different -- stuart: wait a minute, even if he advises the
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board, even i have a relationship -- >> before starting the relationship. stuart: are you still out? >> yes. stuart: that's ridiculous. >> you have to change the policy, though. how is it unfair to everybody else. it has to be equal, everybody has to be -- ashley: change the policy. >> that's our answer. stuart: you want to have a relationship with an employee, you tell us and then it's okay otherwise don't. change the polly. >> that's the policy for lower-level workers. >> i think it's one policy for everybody. stuart: it is, from a management point of view -- >> you treat everyone equal. why is there exception? stuart: is this a brave new world we are in? lawyers beat romance. >> if i was on the board and you came to me, hey, i want to change this policy i would -- i would respect that and we would have to sit and decide, is that the best interest for what the company is doing, it's not just
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about you, has to be about everybody. >> it's come to this? it's come to this. [laughter] stuart: my goodness me, brave new world, indeed, my goodness, you can't have a relationship in an american could you repeat the question or you're out and you lose -- ashley: love defender. stuart: i am the love defender. >> i don't know what they are going to do -- stuart: tune in tomorrow morning. [laughter] stuart: you're all right no matter what. [laughter] stuart: let's have a look at peleton, please, i keep describing them as the exercise bike guys. ashley: that's it. stuart: they are still bleeding cash, lost $50 million last quarter, chief executive says they are in striking distance of profitable, peleton not close to ipo offering price, under armour, today is the day after
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the feds confirm they are investigating the company over bogus accounting practices made their sales look stronger than they actually were that was yesterday, big drop. not much of a rebound today, 60 cents up that is 4%. at&t paying a 60 million-dollar fine to the fdc that they misled consumers with promises of unlimited data, nonetheless at&t reached $39 a share, president trump going around the country, kentucky last night and heading to louisiana tomorrow, he wants to make sure republican governors win in all 3 states, we are on that story. >> and our country is winning again and our country is highly respected again. [cheers and applause] >> we are creating jobs and killing terrorists, radical democrats are going totally
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♪ ♪ ♪ [laughter] stuart: christmas music on november, okay, holiday shopping season clearly around the corner, amazon is gearing up for this big time, tell me what they're doing. ashley: expand the number of items you can order, it's all about getting there as quickly as possible, competition with wal-mart and target to name two, wal-mart introduced free delivery for items that totaled
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$35 and up, well, amazon is saying you can get free one-day delivery on more than 10 million items. that's one-day delivery free. stuart: you order it and you get it tomorrow? ashley: correct. stuart: real step up. they do think online shopping will generate 144 and $149 billion. up slightly from last year, think of the numbers, we throw them out but but up to $149 billion spent online. stuart: on the same vein bed, bath&beyond will open on thanksgiving, why are they doing it? >> sales have been struggling, it's just 50 days until christmas. what a time to be alive. here is the thing, they have a new ceo that came from target,
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he's overturning things, bed, bath&beyond has attitude we will not open on thanksgiving, now they are, by the way he's changing what it's like to shop in bed, bath&beyond, it feels overwhelming, feels like you're going to get an asthma attack, he's making it look like a target experience, stock is turning around a little bit. stuart: good stuff. let get to kentucky, president trump was there last night, firing up voters to reelect the current governor republican matt bevin, roll tape, please. >> our country is winning again and our country is highly respected again. [cheers and applause] >> we are creating jobs and killing terrorists, the radical democrats are going totally
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insane. drive out faith from the public square, the far left has declared war on american democracy itself, these people are lunatics. in the face of these attacks, republicans are the most unified that i've ever seen. the american people are fed up with democrat lies, hoaxes, slander, the democrats' outrageous conduct has created angry majority that will vote the do-nothing democrats the hell out of office, america is thriving like never before and, ladies and gentlemen, the best is yet to come. stuart: well, look, this is -- first america -- america first action pack, kelly, welcome to the program, i want to bring something to your attention here, the latest poll in
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kentucky puts republican governor bevinn 20 points behind democrat bashear. the president is putting reputation on the line by going there the night before to try to pull out a bevin win, his reputation is on the line, kelly. >> you know the president has done that before and turned out to be very successful, if you look at north carolina, special election there where you had dan bishop pull out a win against all odds. you look at louisiana about 3 weeks ago when the president held a rally the night before the election and ran into a special -- ran into a runoff which we will see results next week, the president has a way of unifying the republican base and you to look at what the president has expanded the republican base, a lot of people who support the president who were previously democrats that were in rural areas that turned out for him, he's the unique
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politician with unique base and able and proven that he's able to bring out his voters for down to ticket and local elections. stuart: so what are you going to do if mr. bevin, governor bevin loses? >> it's a risk you have to take but it's important for the people of kentucky to realize that if they want to keep their prosperity, we saw all-time highs in the stock market yesterday, if they want to, you know, basically sanctuary cities, don't want government funding for abortion, it's very important to vote in republicans and the president quite frankly needs the help and support on capitol hill, he has been, he's been undersiege for the last 3 years. stuart: one nagging problem here, democrats are offering free stuff, free stuff,
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constantly, that is very appealing to a lot of people isn't it? >> it is, appealing to the younger generation, however, we have seen in focus-group testing that we have done that people see through this, elizabeth warren came out with how she's going to propose to pay for it and no one believes it. it's a unicorn-sort of ideal that people are seeing through and they are seeing them as disingenuous, meanwhile, they are saying i've got a pay raise, i'm feeling good economically and prosperous and that's what drives people to the polls. stuart: okay, we will check results first thing tomorrow morning, we will take a close look at them, kelly, thank you very much for being with us. picture on your screen, i'm sure you do, those are crocs, popular, popular among youngsters, some older people like them too. the company is doing very well for itself, in a moment i will talk to the crocs ceo, he's on
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executive officer of shoe company, shoe company that is bucking the retail ice age trend, the company is crocs, sales are up big time, this company is doing very, very well, andrew reese is the ceo and joining us right now. i have to tell you right from the get-go, andrew, a lot of people really don't like crocs, plastic things, how come you're doing so well? >> we think it's one of the strengths, the brand is a polarizing brand, people that love it and people that hate it, that gives us great deal of attention, attention in media and consumers, we have taken advantage of that, that's been one of the secrets to the resurgence of the brand. stuart: i was just very nasty about the shoes. >> i ignored that. stuart: i don't know why i did that. look, a lot of people don't like them, i was thinking they are plastic shoes for kids, but that's not the whole story. you have a variety?
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>> no, not at all, the core shoe, the classic is incredible by comfortable, great utility, you can clean it and wash it and works really well, it can be color, you can put graphics on it and used it significantly for collaboration, collaboration that we are launching next week. stuart: that's a loop shoe. >> famous artist, we launched first shoe with him at country music fest in nashville early this year, huge success, sold out in minutes, we are coming back around and launching a new shoe with him. allows him to put his footprint on the shoe, tell a story that he wants to tell to his followers. stuart: what about post malone, rapper. >> he's been incredible.
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3 collaborations, we did those last year, 3 different versions, each of them sold out in minutes and i can tell you here today that we haven't released this, another collaboration coming out with post malone later this year, fans, we have a new shoe for you. stuart: you need those celebrities? >> we need a wide variety of people. no, it doesn't. [laughter] >> that's a great idea, we would be happy to do that. there you go. [laughter] >> our con seemer base is democratic, it's everybody, when we look at our collaboration, collaboration of balenciaga, one of the most premium brands in the world, but diversity is critical, diversity is really important to tell a variety of stories that appeal to a variety of consumers and we've been able to attract a whole new host of customers.
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stuart: 20% sales growth, who would have known that. you have a slight accent. >> i do, i'm originally from england and i have been living here for 30 years. stuart: i knew i liked you. you taught me a lot i didn't know. >> thanks for having me. stuart: more varney, where are you? there you go. ♪ is just beginn ing. so don't wait another day. physical coins are easy to buy and sell and one of the best ways to protect your life savings from the next financial meltdown. - [narrator] today, the u.s. money reserve announces the immediate release of u.s. government-issued solid gold coins for the incredible price on your screen. these gold american eagles are official gold coins
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80 million around the world is pretty good. stuart: i wasn't wrong about the mcdonald's situation. i was dead right. ashley: you were wrong there too. >> stuart was saying lawyers over cupid. stuart: i was there, kid. my time is regrettably up, the time is yours, neil. neil: they are nasty plastic shoes. sorry. it is election day here in america. not the big, big election but four states trying things on for size that could influence what happens a year from this very day. a lot depends really on, what the president is doing and what the markets are doing. the president is certainly making a connection to the two. >> you will vote to reject the democrats extremism, socialism and corruption. everybody needs to vote. republican, we have to go republican all the
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