maria: have a great day, everybody. "varney & company" begins right now. stu, take it away. stuart: i shall indeed. good morning, maria. good morning, everyone. on this veterans day, we honor those who serve. the president's in the city. he will be the first president to speak at the knobbinew york veterans day celebration and you will see it. and we have two medal of honor recipients on the program. we take our hats off to these guys. now the news. the confrontation in hong kong has reached a new level, a 21-year-old man shot by police overnight. he's in the hospital in critical condition. tear gas sprayed into what's called central district. many subways closed, some universities closed. chief executive carrie lam blames the protesters for this latest round of violence and it

is affecting your money. stocks will open lower this monday morning. asian markets down across the board, hong kong lost 3%. there is a modest, we are told, a modest spillover effect here. the dow is going to be down over 100. s&p down 12. nasdaq, about 32 points. is that because of hong kong? we will answer the question. now, here's the other side, perhaps the more interesting side, in the china coin. it's singles day for alibaba. the latest sales figures for the one-day event, $32 billion. that's a record. it's likely to go higher. by contrast, amazon's prime day brings in about, what, $4 billion. how about this. sexism built into the apple credit card. what? two complaints from male celebrities that they were given much higher credit limits than their wives. it's those algorithms again. we will dig into it. monday, november 11th.

we will honor the men and women in uniform throughout this show. "varney & company" is about to begin. stuart: record sales for china's shopping holiday, it is called singles day. joining us from alibaba headquarters in china, retail watcher michael zaicor. well, is it total chaos there? set the scene. >> stu, it's 10:00 p.m. here. the sale's been going for 22 hours and the buzz is not lightening at all. we have 40,000 alibaba headquarte employees here at headquarters working to make this a record-setting singles day. my guess is we will probably finish the day somewhere around $35 billion to $36 billion sales in 24 hours. stuart: what's the significance of this? if it's 34, 35 billion for

alibaba, one day, and four and a half billion for amazon prime day, what's the significance? >> well, the real significance here is another demonstration of the most powerful and biggest growing consumer demographic in the world today, the chinese consumer, and the importance to global brands. this is truly a global retail event. the biggest brands and retailers in the world have marked singles day on their calendar right next to christmas and new year's and halloween and all the western holidays. in some ways it's bigger than all those combined. so if we look at some of who the biggest sellers today, apple, nike were in the top three sellers for singles day this year. the united states, number two in overall sales, brands and retailers, made in the usa, sold in china. it also represents really the new retail era come to life. alibaba's really perfected that

online/offline technology logistic ecosystem that's giving people a reason to come out and shop, be entertained and enjoy the day. stuart: thank you. they did not boycott american products or american companies. big news indeed. thank you very much, sir. see you later. this just coming at us from the president and yes, it is a monday morning presidential tweet. we will be meeting with representative of the vaping industry together with medical professionals and individual state representatives to come up with an acceptable solution to the vaping and e-cigarette dilemma. children's health and safety together with jobs will be the focus. that's just in to us from the president. let's get back to hong kong. violence erupted there over the weekend. yes, the protests continue. in fact, they are stepping up the violence here. city leader carrie lam, blaming the violence on the protesters. can you fill us in? what happened? susan: it was the bloodiest weekend of the 24 weekends of protest we have seen in hong kong. two protesters shot, one in

critical condition, shot at point-blank range. dramatically, very sadly, there was a pro-beijing demonstrator that was set on fire. stuart: pro-beijing? susan: that's right. anti-hong kong demonstrators. stuart: that's like a fight. susan: there's a fight taking place. that's been happening. violence has intensified over the six months of protests we have seen. this is actually impacting the stock market. it fell 2.5%, the worst single day of selling off since august, since they really ramped up these protests. carrie lam actually pointed the finger at the protesters, calling them the enemies of the people after this insanely violent day. people are very concerned that the violence only gets worse from here, obviously. stuart: it's a clear escalation. the news of an attack on a pro-beijing demonstrator suggests an open fight. susan: right. clashes between the two obviously anti-beijing and pro-beijing. i feel that it only gets worse from here. stuart: susan, thank you. now let's look at the market, our market, because red arrows

all around. if you look at the overall market, you will see the dow is down about 113. that's premarket, of course. s&p down 12, nasdaq down 32. jack hough is with us, market watcher from barron's. now, look, red arrows across the scene there. i'm told this is because of, in part, because of hong kong. >> it's always hard to tell when two things are happening at the same time, is one causing the other. there's an understandably sharp reaction in hong kong. is that spilling over here. i think you have to consider this in the context of five straight weeks of gains for the u.s. stock market. if you're seeing down arrows this morning, if you see a modest selloff at the open, you know, this is still a market that's up very nicely this year and could just be some people taking profits. stuart: no connection between this escalation of violence in hong kong and the trade talks? >> oh, with the trade talks, the trade talks i think are already priced in. is there a connection? look, the driving narrative of this market has been a

continuation of decent, not runaway economic growth, ho-hum growth, low interest rates, stocks remain the best deal in town. stuart: i would just be concerned that if beijing is shooting people in the streets of hong kong, how do we make even a phase one deal with beijing? that's my point. >> i don't mean to shrug that off, boy ty the way. there's therevery serious news see on the screen that doesn't really drive the stock market. i don't know how strong the connection is here. stuart: more for you in a second. we will look at four dow components. first of all, microsoft. that was in record territory, closed at a record high friday, down a little premarket. same story with apple. record high on friday, it will open slightly lower. disney plus, another dow stock, its streaming service launches tomorrow. record -- i think -- didn't it see a record high friday? no. it's at $137, down a fraction today. the streaming service starts tomorrow. got that. now, walgreens may be up,

way up, actually, on a proposed buyout, yeah, way up indeed, 5%. what's the story? lauren: that's a dow stock. the story is remember last week, reports that private equity was looking at making a bid for walgreens boots alliance, the biggest leveraged buyout we have ever seen. now reports are saying that private equity firm kkr has formally approached walgreens to do that. the can sstock is up. this would be the biggest one ever, valued at $70 billion. issues for walgreens in the u.s., generic price deflation, cheaper drugs come on the market. overseas, the brexit complexities. stuart: it's a bidding war for walgreens, the stock goes up. looks like that's what's happening right now. i wonder, i'm going to call it a bidding war for walgreens, does that affect its rival, cvs? because i ask the question, because jack likes this stock. you think it's going up? >> interesting how excited people are about drug chains all of a sudden. look what's going on at cvs.

we did a cover story on this back in april. the stock's up 40% since then. what's so exciting about cvs? they are testing this new format of stores called health hubs where they have expanded health care offerings in stores. they have already this very large chain of walk-in clinics called minute clinics but what they added is in-house blood labs, faster test results, things like that. they are going to be in a position going forward to take market share from hospitals. you're not going to go to your cvs with a gunshot wound but if you have some kind of chronic non-dire condition, cvs will become a place where you can go for cheap health care and they own an insurer called aetna that can help steer patients there. stuart: you mean to tell me i can walk into a cvs, get a blood test done for less than $1400? because that's what it costs me. in new york. >> much more cheaply and on the spot. this began as a test with three stores in houston. they have expanded it to a few more. they might have 50 by the end of the year. they will have 1500 by the end

of 2021. it's going to take some time for them to build this out, but cvs doesn't just want to sell you chewing gum and pills in the future. they want to be the place that you go to for things that don't require an emergency room visit. stuart: headline, jack hough likes cvs health corporation. got that. right. now, the credit screening process for the apple card, accused of discrimination. kristina partsinevelos joins us this morning. tell all. >> you have a very well-known entrepreneur, david hanson, on twitter. he said he applied for this white, this is the apple credit card, mastercard. he said when he applied and his wife applied, he received 20 times the credit limit compared to his wife even though they share all of their assets, they have a joint account. you had a bunch of other people weigh in as well. he's calling this card sexist because he received a higher limit than his wife. then you also had steve wozniak, co-founder of apple, chimed in too, saying he received ten times the limit his wife received even though they have been married for a really long time, they have shared their

accounts. goldman, which operates this card, they say they really determine the credit limit due to individual income as well as creditworthiness. if you happen to own this card, you can send a tweet -- sorry, text message. so i texted apple and they responded back by saying i understand your concern, your credit limit is determined using your income and debt payment obligations as well as credit score. so new york state department is investigating this because right now, everybody is saying it's the algorithms that are purposely doing that. that raises the big question in the future, though, algorithms are involved now more and more with determining housing, health care and now you are seeing it in financial services. stuart: humans write those algorithms and write their prejudices into the algorithms. that's the argument here, isn't it? >> it's a big if at this moment. apple denies it, could be the algorithms, could be a particular case. stuart: fascinating. i don't do math but all right. check futures. same story. we will be down across the board.

not a huge loss. modest decline at the opening bell. now, president trump is in new york city today for the veterans day parade. he's going to be the first commander in chief to speak at that ceremony in new york. he will make his comments at 10:30 eastern time this morning. you will see them right here. we celebrate veterans day and veterans' success on varney. fox nation's abby hornbeck is outside of fox square with a group of veterans who are successful business owners. we will hear some of their stories. a caravan of mormons fleeing mexico after the brutal killings of nine people there. are sanctuary cities to blame? it's a good question. i will ask ken cuccinelli. he's in charge of immigration. i will ask him next. look, this isn't my first rodeo...

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jefferies. what you're looking at is the floor of the new york stock exchange. they are cutting a large cake, as you can see, all part of the veterans day celebration going on in new york city. new york itself will be celebrating throughout the show. all right. i will change the subject entirely. listen to this. a caravan of mormons leaving mexico after the attack that killed nine last week. i want to bring in ken cuccinelli. he's with me in new york today. he's the acting director of citizenship and immigration services. it seemed to me when i heard this news of the massacre and the fleeing now by the hundreds leaving mexico, i was going to put part of the blame on sanctuary cities in the sanctuary state of california because it seems like they are saying oh, come on, come on in, open borders, come on, that encouraged the cartels. am i going wrong here? >> the cartels are businesses. they are just the most violent, vicious, evil businesses in the

western hemisphere. their fight and some of them are fighting, and these folks were in between the two territories between two of the most violent cartels. that's where they were. most of mexico is safe. they were not in a part that is safe. these cartels are running business into the u.s. and that business is overwhelmingly drugs and sanctuary cities and there are a lot of gangs that rely on illegals, and they are used as pipelines with the cartels so there is a connection, but we have a broader problem to contend with with the cartels on the front and that's getting control of our own southern border. stuart: isn't there some move to say hey, this sanctuary city stuff, this sanctuary state, come on. >> we certainly in the trump administration have been hammering away at that because it's terrible for public safety. terrible for public safety. it undermines an awful lot of national security and public safety beyond just the community that it's in. people get killed i mean literally killed, raped, abused,

in their own communities and they have the power to get them out of the communities and yet they shield the criminals because of the sanctuary policies. so they subject more people to more harm than they have to, and it's a tragedy for america and for those communities. stuart: what's your response to bernie sanders who has just come out with his immigration plan which includes disbanding or breaking up i.c.e.? >> i deal with this on the policy level and if we were to back off of the border security, it would be open season on the united states. i mean, the terrorists know our system. the cartels know our system. it's a continual battle to keep those folks out. and if we want to drop our guard, if anybody suggests that's a good idea, you've got to be prepared to reap the whirlwind because that's what it will be. you think it's tough now, and it is, it would be literally unmitigated evil pouring over the border at that point. stuart: ken cuccinelli, great to have you on this morning.

i know just 20 yards away, you swore in some new americans. >> 12 new citizens who all served in the u.s. armed forces. stuart: good stuff. >> one guy was 91 years old. stuart: really? >> yeah. stuart: that's good stuff. >> he didn't look a day over 65. stuart: thank you for being with us. appreciate it. futures show a market that will be in decline this morning. across the board we will be down. a couple weeks to thanksgiving but there's an arctic blast hitting parts of the country already. it's a sign of a long, cold winter to come? i don't know. janice dean will tell us. "60 minutes" anchor leslie stahl interviewed jamie dimon last night. contrary to the evidence, she had a very negative view on the economy. does the mainstream media want trump -- the trump economy to fail? it looks like it. we will deal with it next. ♪ she's the one the one for you

when you know you just know she isn't perfect but she's perfect for you love is rare love's unique love is her love is him love is us ♪ the vera wang love collection designed for zales, the diamond store. stuart: the floor of the new york stock exchange, going to take you there because they are honoring our veterans with a

moment of silence. we will observe it.

stuart: at 10:30 eastern time this morning, the president will be speaking at the veterans day parade in new york city. you will hear what he's got to say on this show. jpmorgan's chief jamie dimon interviewed on "60 minutes" last night by leslie stahl. listen to the questions she asked. roll tape. >> the stock market is going through the roof and yet, manufacturing production is down over the past year, wage growth is slowing. so when you look at the state of the economy right now, what do you see? do you see strength? do you see petering out?

what about the issue of unpredictability right now on the economy? is that worrisome to you? it must be worrisome to every businessman in the country. why does it feel as though we were in a particularly uncertain time? you know, the tariffs, it's like a bomb that you detonate and the problem is it falls on you. the bomb falls on them but the bomb falls on you. susan: wow. stuart: is she determined to be negative about prosperity? susan: we are looking at the best jobs market in 50 years, longest economic expansion on record, longest bull market run in history. i have no idea where this unpredictability and some of this negative sentiment is coming from but i like some of jamie dimon's answers. he says this is the most prosperous economy the world has ever seen and it's going to be a very prosperous economy for the next hundred years. wake up, "60 minutes."

relitigating old, old topics like 2008 and whether or not jamie dimon had a role in the financial crisis. i thought it was a bit stale to go back ten years to revisit things we have already talked about over and over again. stuart: i'm a great admirer of her, i have watched her over the years, terrific reporter, anchor, but i think they have an agenda. and the agenda is beat trump, and beat trump by talking down the economy and talking up a recession. which is nowhere in sight. susan: i agree. it was just very negative in their view on the economy which is not true. i mean, ask the people that are, you know, enjoying the best jobs market. walk across the street, get a better paycheck and put food on the table. isn't that great? stuart: it is great. susan: yes. stuart: wish they would realize that. have a look at mcdonald's. a new report says the fired ceo steve easterbrook had more than one affair. we've got some details on that coming up. mcdonald's down to $193. overall, this is a down market, not a huge selloff by any means, but we are going down this monday morning.

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♪ stuart: how do you describe this. there are new details on the mcdonald's office romance scandal. am i accurate in using all those words?

lauren: that is all accurate. fired ceo steve easterbrook also had an office romance with a woman at a p.r. company where mcdonald's was an account. so she worked at another company. they dated about two years. once this was brought to the attention of mcdonald's, easterbrook was not ceo at the time, she was moved to another account. mcdonald's said you didn't violate any of our policies, we're okay with this relationship. they later break up. years later, he's fired for having a relationship with somebody else which we think is in the chain of command at mcdonald's and in the #metoo movement, mcdonald's has a new policy on dating at work. got it? stuart: i think i've got that. can you date at work if you tell management that you are dating at work? lauren: in this case, back in 2015, that's exactly what they did and it seemed fine. by both parties. by her p.r. company and by mcdonald's. stuart: okay. it's not a blanket you can't do that. lauren: it's the way you do it, who you tell.

yeah. susan: there is hope for the office romance, stuart. stuart: i love to see our society try legislate or legalize romance. you can't. out of time. 9:30 eastern time on a monday morning, before we all get into serious trouble. the dow industrials have opened lower, ladies and gentlemen. we are down 120 points. that's a significant sell-off. down about half a percentage point. for our radio listeners, all across the board on the left-hand side of the screen, we've got almost all of the dow 30 in the red. i've just got two winners. i can't see them properly. coca-cola, read it for me. lauren: walgreens. stuart: two up, the rest are mostly down. i do want to check alibaba. this is singles day there in china. they have broken all the records. they sold well in excess of $34 billion, $35 billion and probably going higher. the stock, though, down 1.5%.

i guess that's a sell on the news. alibaba stock down a little. disney, their streaming service starts tomorrow. big debut. they are holding pretty steady in a down market at $137. apple, near record territory but in a down market, they too are lower. apple is down a buck 60. goldman sachs, gender bias concerns over the apple card, down $3, 1.3%. here's walgreens, up on a proposed buyout so they could be, i'm interpreting this as a bidding war for walgreens. the stock is up 4%. all right. where are we now? we will take a look at -- susan: alibaba. stuart: alibaba. first, let me introduce mike murphy, who is back with us. he ran the marathon and is still appearing with us. susan and lauren as well. all right. first of all, let's get to alibaba. the singles day numbers, how did that compare to amazon? susan: blows them away, obviously. we are almost into the 24 hours

and $32 billion and counting, expected to go up to $35 billion in 24 hours of sales. biggest shopping event on the planet for singles day for alibaba. how does that compare to amazon? amazon, $4.68 billion in 36 hours. mind you, 36 hours of prime day in july. alibaba surpassed that in just ten minutes. stuart: what's the significance of that? >> that there's a lot of people spending money and one thing, if you look at what alibaba did in all their sales, a lot of it had to do with livestreaming. in china, they have people like kim kardashian going on and telling you almost like a infoe mer shall infomercial to buy her product. we don't have a lot of that here but i think it will be coming soon. susan: it's pent-up demand as well. i think it's important to note the top three brands include nike and apple, american brands that might, some people were concerned they might have been sidelined because of nationalism

and this u.s./china trade war and the chinese would not buy american brands. not the case, obviously. stuart: the stock down 2%. look at disney. they launched their disney plus streaming service tomorrow. chief bob iger says the service is ready to go, as he says. what else do we have? lauren: streaming wars start tomorrow so at $7, that's the monthly price for disney plus. this is a land grab, for subscribers. disney does not expect to be profitable until 2024 doing this but they are trying to beat amazon at their own game and others. so it's ready. bob iger in his memoir said if you don't innovate, you die. they are spending a lot of money to innovate and compete with the list of players all streaming or about to stream. stuart: what do you make of this? >> i think it's great for disney. the stock had a nice pop on earnings. the real winner here is the consumer. you are now going to be able to sit on your couch and pretty much watch anything you want at

any time of the day. susan: that's all we need. stuart: pejorative statement there. sit on your couch and watch anything. >> anybody at home can watch anything they want. susan: i would say the pricing is pretty attractive. $6.99 a month for disney plus and you have the bundle with hulu, espn plus, disney plus, $12.99. that's 7500 episodes, 500 films. i think disney is throwing a lot of money into this. >> disney is going to lose money for the next four years. they will go out and gain customers. sounds similar to a lot of startups. amazon went through it. now uber is going through it. people aren't knocking disney for this and i don't think they should, but sometimes you have a loss leader that helps you grow your business ultimately. stuart: at the end of the day in my opinion, we will all end up with two or three streaming services, still keep cable because we want live sports and news, and we still have to have an internet connection to hook up to the internet in the first

place. in other words, we will be paying $200 a month for our entertainment as opposed to a hundred. am i right or am i right? susan: with all that -- stuart: am i right the cost of entertainment goes up? susan: you can get live programming on hulu. stuart: this is a cable news program. susan: i know, sorry. just talking about consumer trends. >> you will end up, people will end up paying more but i think the consumer, what happens is you have a choice, like a lot of millenials may opt in for, say, disney over netflix or netflix over disney. you have a choice there right now, whereas before, just two or three years ago, all you had was cable. susan: you can still watch fox business, by the way, on streaming services. you just have different avenues to watch it on. that's what i'm saying. stuart: you dug out of that hole. susan: it's true. stuart: pretty good, susan. susan: it's true. stuart: serious story, screening process for getting an apple card accused of being

discriminatory. we have two male celebrities who went out and got this credit card. they got 10 or 20 times the credit availability than their wives. sounds like discrimination on the face of it. not going to affect the stocks much, is it? >> it's not going to affect the stocks at all. i don't know what the study is. i don't know what the wives' income is. stuart: they share assets. husband and wife, these two cases, both shared assets. >> i think it would go to income in the house. i don't know. i think if you want to find the fault in the apple card or in something goldman sachs is doing, it's pretty easy to find but i think apple, apple pay, the apple card, is a huge win for apple. susan: i got my apple card in three minutes. that's how long it took to approve and give me a credit limit as well. this apple card, talking to tim cook in california, he says it's the most successful card launch ever and he judges that by the number of subscribers and he wants to take it international as well. stuart: you want to get -- they want to hook you into the apple

ecosystem, as it's called. susan: yes. stuart: you know, we are pretty much hooked into all kinds of ecosystems. apple, disney. >> apple's ecosystem is i think bigger than anybody else's out there. they have their way of getting into you are not switching your phone any time soon. that's the success. stuart: you see what's going on, we have become part of this family. you are part of the amazon family. you watch amazon prime. you get their deliveries. echo, all the rest of it. all of us seem to be in one family or another. maybe two or three. susan: that's right. stuart: they have taken over with these ecosystems. >> that's why they are trillion dollar businesses. stuart: exactly right. that's where they're trillion dollar businesses. all right. we are now seven minutes into the day. the trading day. we are down 120 points as we speak. that's the dow. look at expedia. oppenheimer has cut the travel website target price to $110. it had been at $160. they think it's going to go back

up? i never understood this. you cut the target price so even though it's above the actual price right now, do you understand this? >> they had it at 160 target. the stock is currently at 100. now they say we will take our target down to 110. we were wrong telling you to buy at 160. now we will tell you that it's going to go back to 110. stuart: that's good. that was very good. amazon, where are they right now? long time executive steven kessel is leaving the company. i don't know if that makes any difference to the company. i don't think so. they are below $1800 a share. $1776. good number. blackstone making a majority -- taking a majority stake in magic lab. it builds and operates dating and social networking apps. full disclosure, i do own some blackstone stock. it is up today. $51.64. how about treasury yields? look at that. up to 1.93%. i call that bullish. i say that's a reflection of the strength of the global economy.

is it? >> totally agree. we need rates to get even a little bit higher than this, i think. i think they will. stuart: okay. gold, way down. well below $1500 an ounce. you have $1462 as we speak. oil, which has been real steady in the mid 50s, still there. $56 a barrel right now. then there's that bloodshed in hong kong over the protests. does this have -- why am i being told that the hong kong -- the shooting of a young man right there, why am i told that that has a negative impact on wall street? what's the connection? >> well, the connection is that if things, if there's more chaos over there in hong kong, it could spread to china, could spread to the trade war that's out there. so we don't want as an investor, you don't want to see more unrest over in hong kong. you would tlilike to see some s of resolution. last thing you want is government forces shooting people in the street. susan: it's the fifth largest stock exchange on the planet. so when one stock market falls it obviously has a knock-on

effect elsewhere as well. but it is concerning that it's the bloodiest weekend of protests in 24 weekends. you think about it. two people were shot, one critically injured at point-blank range. stuart: people like you and i and many people in our audience have lived there. visited there. love the place. were invigorated by our hong kong experience. it's just such a sad thing to see it go down like this. susan: absolutely. stuart: shot in the street. awful. all right. mike, it's 9:40. you know what that means. you're out. thanks very much for being here. check the big board. we have come back a little bit. down 130 points, just about a half of 1%. we are about an hour away from president trump's remarks at the veterans day celebration here in new york city. he was the first president to make comments at the -- in new york, that is, at the veterans day parade. we will take his comments. you will hear them. that will be 10:30 eastern time this morning. stay there, please. (vo) the moth without hope, struggles in the spider's web.

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stuart: update the market for you. 12 minutes in, we're down 130 points. still about a half percentage point down. two airlines, southwest and american, are going to delay the 737 max jet return until early march. they're delaying it a bit further. boeing's stock down on that, 1.3%. $346 is the price on boeing right now. the office space startup, you know it, wework, is going to get out, out of all its non-core businesses. what are these non-core businesses? susan: there are so many at this point. that includes the content marketing platform conductor, they also invested in the all female coworking startup called the wing. i can go on and on. there's also workplace software company team they invested in and a maker of wave pools, all

part of adam neumann and his wellness and shall we say diverse adventures in investing for wework. also, job cuts as well. they are looking at job cuts across basically the entire board. we know wework employs around 12,000 to 15,000. they are looking at job cuts probably in the maybe hundreds to thousands as well. this is to keep the company alive at this point. they are going through this intense cash burn. softbank has stepped in but still, they need to be able to i guess retain cash since they are burning at around a billion or so per quarter. if they don't basically raise more money, get more cash going, this company could be, you know, could be history in about 13 months or so. stuart: that really is extraordinary, just an endless story of near collapse, i call it. susan: something we are so used to. yes. stuart: i want to get back to the hong kong violence because it's reached a new level. young man shot in the street. he's in the hospital, critical condition. a pro-beijing demonstrator

burnt, set on fire in the streets of hong kong. i want to bring in curtis ellis, trump campaign adviser on trade. curtis, welcome back. this is a new escalation, a new level of violence. does it have any impact on the trade talks? because hong kong so far has not affected the trade talks. will it now? >> i don't see how it can't have at least an atmospheric effect. let's put it this way. 1991 tiananmen square, bill clinton ran against george h.w. bush's coddling of the butchers of beijing. if the president were to make any kind of less than optimum agreement with china, his political opponents would accuse him of coddling the beijing regime. you would see people like chuck schumer and democrats, maybe not michael bloomberg who insists that xi jinping is not a dictator, but other than dead enders like that, there's a huge

awareness now that the chinese communist party poses a threat to america and our way of life. here we are talking today on veterans day, that war, world war i, was fought to make the world safe for democracy. going along with china and allowing them to do what they're doing in hong kong does not make the world safe for democracy. stuart: you are suggesting the events in hong kong, especially overnight, the shooting of someone in the street, would push president trump into a more hard line, to maintain his hard line? >> it makes it politically difficult. politically difficult to appease china, basically. stuart: okay. is china, let's look at it from china's point of view for a second. is china doing anything that you know of to change the way it does business, change the way its economy works, to accommodate some american desires? >> well, this is president trump's greatest achievement, perhaps, is waking the world up to the fact that china has not changed its ways even though it said it would. again, this violence in hong

kong shows again the chinese communist party's propensity for not living up to any agreement such as the agreement it made with britain. stuart: you think we get a phase one signed? it's six of one and half dozen of the other with the president on friday. no clear direction here. are we going to get phase one signed? >> president trump is the one who is going to make that determination. what we have to remember is if we were to remove the tariffs and roll back tariffs, there is then no incentive for beijing to do a phase two. stuart: i understand. i think i understand. it sounds to me like odds are against phase two, phase three, that's way down the road. >> the violence in hong kong does not make it easier. no one is going to directly link it publicly, but just looking at it in context with open eyes. stuart: thanks for joining us this morning. difficult situation. we appreciate you being here. thank you. check the dow 30. because we have come back a little bit. we were down 130, 150. now we are down 96.

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stuart: this is veterans day, special day, and we have a special success story for you. i didn't realize how big a success it is until i just spoke to our guest during the commercial break. a green beret veteran went into the coffee business. his name is evan and he's the founder of black rifle coffee and he's sitting next to me here in knonew york city. welcome to the show. >> thank you for having me. stuart: when i was talking to you, you really surprised me. you now do $80 million worth of coffee business a year. >> we are. we are on that track this year. stuart: you only started in 2014. >> this is our five-year anniversary in december. stuart: okay. take me back to whenever it was you started.

i understand you were roasting and grinding coffee for your comrades while you were in iraq in the desert. >> correct. on the invasion of iraq in 2003, i modified our gun trucks to have a grinder, coffee grinder, and i would make french press coffee in the morning before we were getting ready to conduct any operations in 2003. then 2005, '06, '07, around that time i was working baghdad in northern iraq with the kurds, actually, because a lot of people understand where that's at now. i started roasting coffee to take with me on deployments. from there, that passion just continued to grow and in 2014, i started black rifle coffee with, well, myself and matt best and a few other guys. stuart: all veterans, right? >> correct. yeah. stuart: your comrades in arms, you started a company, 2014. now, the coffee beans or do you grind them as well? >> we do everything. we are sourcing the beans from south america, africa, southeast

asia. we are roasting coffee in both utah and nashville, tennessee. we are roasting millions of pounds of coffee now. stuart: wait a second. do you have a coffee bar chain in america or is this supermarkets? >> we are selling all direct to consumer via blackriflecoffee.com for the most part. we do have some dealers out there and we are opening up coffee shops this year and next year. by the end of 2020, our objective is to have 20 coffee shops. stuart: how many people do you employ? >> 200. stuart: 60% of them veterans? >> 40% are veterans. as you know, you have looked at the current hiring statistics for veteran or veteran employment is going down, so it's actually, that's a good thing. it's harder for me to hire veterans which i'm super happy about. stuart: you are a coffee addict, aren't you? >> i would say i'm a very passionate, i have a passion project that's turned into a business. i'm super fortunate to work around my veteran community but i do love coffee. stuart: is there ever a day when you wake up and you do not have coffee? >> no.

that's a very definitive no. stuart: how many cups would you have a day? i'm pressing here. >> that's easy. have i two cu i have two cups of coffee in the morning and i will have espresso and most of the time, we look for quality control throughout black rifle coffee's roasting process. i cut coffee off about noon and go to decaf because i realized in the last five years it's hard enough to get sleep as it is. if i'm overcaffeinated i'm up for a day or two. stuart: same as me. look, i drink a lot of coffee. >> do you really? stuart: oh, sure. yeah. look, i get up at 2:45. i'm in my office at 4:00. i'm drinking a pot of coffee right from the get-go. but i never -- what are you laughing at? this is my life. >> you are a coffee guy. stuart: did you know that i'm an american citizen? >> i read up on you. i did my research. i watch this show, too. stuart: no.

>> i do. stuart: you do? >> of course. yeah. stuart: you have no idea how flattered, seriously. we love to hear that. we love to hear an american success story. you, sir, are it. evan hafer, blackriflecoffee.com. >> that's right. thank you. stuart: that's really cool stuff. thanks very much. >> thank you. stuart: appreciate you being here. disney, check that stock. they launch their highly anticipated streaming service, disney plus launches tomorrow. will all their content lead them to victory in the streaming battle? that's quite a question. we will try to answer it. trump is about to deliver remarks at the new york city veterans day parade. he's the first commander in chief to do so. you are going to see it live, 10:30 this morning. the president was cheered at the alabama/lsu football game saturday while coastal elites continue to push impeachment. the rest of america loves trump. that's the focus of my take in the next hour. more "varney & company" after this. driverless cars,

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stuart: the president was heartily cheered saturday when he takenned the at bam-lsu game. it was a big crowd. a young crowd. they liked him. before that he appeared before an african-american audience in atlanta. he was given a respectful hearing. he is take his message straight to the black community as requested. before that he went to new york's madison square garden for fight night. some boos and cheers too. the point, which other president would attend an event like that. fight night, are you kidding? can you seeing any coastal elites going anywhere near it? what a contrast between our president and his principle antagonists. if there was a graph measuring contempt it would be off the chart for politicians in california and new york. these are the load stones of loathing, yes, they are. adam schiff represents a large

slice of los angeles including hollywood. he went to harvard law. he spends his time holding secret hearings. speaker pelosi been in congress 30 years, representing another piece of coastal california, the ultraliberal bay area of san francisco. on the other coast, new yorker jerrold nadler pursues impeachment as chairman of house judiciary committee. he will have a lot to do with impeachment, charles schumer will have a lot to do if it goes to the senate. alexandria ocasio-cortez, who couldn't be more anti-trump aoc. further up the coast, elizabeth warren from massachusetts is about anti-trump as you can get. further north, vermont senator bernie sanders cause the president nasty names. et cetera, et cetera. you get the point. the president is going to the base, addressing them directly,

rallies, sporting events, he is there, shows himself to the people. the elites, not so much. they're concentrated on the coasts. they operate in d.c. someone should tell them that fly over country is the heart of the electoral college. in this constitutional republic the electoral college is very important. you have to wonder as coastal elites roll out impeachment in washington, the president brings prosperity message to the rest of the country, what will we the people, make of it all? the second hour of "varney & company" continues. ♪ stuart: later this hour the president speaks live in new york city at the veterans day parade. the first time a commander-in-chief spoke at the event in new york. we'll take his comments live. you will hear what he has to say. check out the big board.

we've come back a little bit. half hour into the trading session. off the lows of the morning. we're down 1/3 of 1%. probably the stock of the day is alibaba. they have a big singles day event in china overnight. latest account they brought in $32 billion, probably north boeing to $35 billion in one 24 hour period. that is pretty good. let's get back to my editorial. look who is here, the critic himself, lawrence jones. >> i'm the critic? stuart: yes, you are the critic. you sat there listening to me rant there, you didn't like it at all. what is wrong? >> i need a little more energy. you were spot on. you were spot on. look, i've been saying this a lot, traveling across the country in the democrat states, republican states i think there is this thing with the democrats, they don't get how elections are won. they don't believe in the electoral college. that is how you win the presidency. when you look at a lot of the pundits and media critics, they say the national polls say that

trump is the underdog. he will not win, yadi yada. when you look at core states, i think president will not win by a little bit, but by a landslide. stuart: he is appealing to, he is out there with the people, addressing them directly. i just don't see the elites doing that? >> he is talking to the people. look at crowd size, people waiting in lines. i'm there for every single one of them. i'm at dems debate. their crowds combined doesn't equal a trump rally. that shows you the support. these are people average day people that support the president. don't like talk about impeachment. they feel independent voters that i talked to say that the democrats promised that they were going to get health care done, all these other issues. it seems like they're only concerned about one thing. unelecting, impeaching a duly-elected president, and that will be problematic f i have one critique of the president. he had black conservatives, great job bringing people

already in the camp together. if you want to attack the black community, get their support, attack issues that matter to them, you have to talk to them. that means going into baltimore, chicago, philly, talking to people impacted on a day-to-day basis. stuart: would he get a fair hearing? >> he got a fair hearing donald trump businessman, every rapper wanted to be like donald trump. trump has to go back to the same guys, talk to things they unify around, the green, the money. stuart: yes, sir. you put your finger right on it. i want you to listen to what mayor pete had to say about the president's record with african-americans. roll the tape please. >> that doesn't mean that this presidency is good news for black americans. on the contrary, we have seen more hate crimes in this country. the president seems to think unemployment rates are low, racism has been solved in the united states of america. stuart: i didn't hear it all very clearly. what did he say? >> yeah. he was essentially talking about

the black unemployment rate. it is true it will take more than black unemployment to get black voters support you. mayor pete, not like a handful of black votes rushing to support you either. look at the end of the day as i said to both political parties. you just can't show up during election time. you have to agenda for black america. my recommendation for the white house to adopt a city. see what happened in baltimore, what do you see well, build buildings? adopt baltimore. build buildings. show them what economic ideas. he has great opportunity ideas like opportunity zones. average people don't feel it. i don't think all the outreach people get how to talk to people. send him there. i understand is may be a chaotic but political you side. this is unconventional president. i believe he can do it. stuart: if he were to get 15% of the black vote he wins election. >> game over. democrats have a problem, they

continue to put candidates up that are lackluster. there is no other obama. they have to find somebody now. i don't think black vote remembers excited to go out and vote for democrats either. they will stay at home which will hurt the democratic party. stuart: lawrence, welcome to new york. you live here now. >> oh, brother. hitting me with taxes. stuart: i could have told you so. lawrence, thanks very much. >> thanks, brother. stuart: switch gears. move on to streaming, why not? disney launches the disney plus streaming service tomorrow. look who is here. jeff sica is with us. rarely bullish. are you bullish on disney and disney plus? >> we've been talking about this streaming war for quite a while, but what people will find is that we've been really talking about skirmishes until now. now with disney entering into the battle, you're going to see an all out push towards streaming. you have the king of content. they own the most content of all the other companies, coming into

the market and they're trying to catch netflix, netflix with 158 million subscriptions. they're trying to catch them. it is going to be a battle to see who wins this. stuart: there is not one single winner, is there? i mean you have all the streaming companies. there is room for disney. there is room for apple. there is room for amazon. lauren: 3.6 on average. >> what people are asking, are we at saturation point where all the streaming services is coming online? your phone, number of apps to each streaming service. whether that will create just another cable scenario with high fees. if that does happen, are, are users going to start to steal this content? stuart: we have to get used to the idea we'll all be paying more for entertainment. >> right. stuart: we'll have our cable because we want live sports and news. we'll have a couple of streaming services because we like

streaming. it is good stuff. we'll still have internet connection with we very to pay for, because you got to have it. >> golden age of entertainment. you have more choices now. new golden age. you have more choices now than you ever had. people will find, if they enjoy this type of entertainment. they will be all over the map with it. it is going to grow. they will be paying for it. stuart: i think we will pay for it. i think it will be outstanding success. that is the way our society is going. i will not stand in the way. i think it's a wild success. >> i agree. stuart: whoa. >> you say i'm never positive. i'm extremely positive about this. i think this is the time for entertainment, for media, for media to really grow and people to have access to this. most of these services are really, really spending a lot of money to develop content. there will be a lot of lousy content out there but there will be a lot of spectacular shows out there. stuart: that wasn't a bad

contribution today. i will give you that. big laugh from lawrence jones. still occupying a seat on the set. that is good stuff. stuart: right. about this, peter king, long-time republican congressman from long island, he is retiring from congress. did he say why? lauren: to spend more time with his family. what accelerated his thinking was his daughter's move to north carolina. will he be the next to flee expensive long island for cheaper south in north carolina? he has been in that position since 1993. that is 14 terms. his district is suburban. this is where president trump has weakness. he is ally. he already said i'm against impeachment. he aligns with president trump. trump won his district by nine points in 2016 but barack obama won two times before that. this is opportunity for democrats. stuart: i should remind congressman king, my esteemed congressman lawrence jones, once

you leave, exiting, extremely difficult because the tax guys won't let you go. >> they will get you. everybody should move to texas. move fox news to texas. stuart: i would love it. thank you, lawrence. later this hour, president trump another reminder. he will speak at veterans day parade. first time a commander-in-chief will do that we will take you there and see the speech live. later on, talk to the man who created "the call" of duty endowment. he helps veterans get jobs. he literally employed 10 of thousands of people. got them jobs. good stuff. general motors sold lordstown, ohio plant, they will make electric trucks by next year. we'll talk to lordstown mayor.

did president trump have anything to do with this? just getting started. ♪. ♪ ♪ ♪ ♪ ♪

stuart: we have a loss of 1/3 about 1% on big board. that is down 95 points for the dow. walgreens up. proposed buyout by kkr. there is in fact what looks like a bidding war for walgreen's. why the stock is up 6%. about $63 a share. move on to vaping. the cdc, centers for disease control, they pinpointed what might be making vaping dangerous. what is it? lauren: calling it vitamin eacetate. they found over 40 people that have been killed, lungs of 40

that were killed in vaping illnesses. 2000 are in hospitals with vaping injuries. let's be clear about this, i think we should be clear about this, i think i'm in agreement with you, stu, this goes back to doctored cartridges that usually use cannabis, marijuana, thc products, in the cdc finding, 82% tested positive for thc, which obviously we know is marijuana related. nicotine was 61%. nearly all of these 29 patients in their lungs when dissected had vitamin e, acetate. vitamin e alone is good for you. it is found to be a toxic to universally found with all the patients. stuart: this is not a problem for the entire vaping industry. it's a problem for those cartridges in vaping devices

doctored were marijuana? that is where the problem is? susan: we got a tweet from the white house, where president trump stands. we will meet with members of the vaping companies and agencies, with reps to come up with a solution. children health and safe, together with jobs will be a focus. as we talked about. you know it is hard to balance the safety of vaping gets people off smoking with 2,000 cases sitting in hospitals. stuart: we should be very clear what the problem is. i think that does make it clear. susan, thank you. general motors they did sell their reports town, ohio, plant, they told it in a electric truck start up company. i want to bring in the mayor of lordstown, welcome to the program good to see you, sir. >> thank thank you, stuart. stuart: let me put it like this. general motors said they would

close the plant in your city. president trump didn't like that. he was angry about it. now it will be replaced by a electric truck company. did president trump have something to do with this? >> that is a good question. i got the call from general motors before they made the announcement. president trump's name was not mentioned. general motors said possibly they bring a battery production plant to lordstown, in place of the auto facility. we hope we get a battery plant and we're hoping for the best for lordstown motors corporation. stuart: did you have to offer special incentives, additional incentives, tack breaks, whatever to the new company? >> we offered none. they have asked for none. stuart: okay. how many jobs are you going to get? >> they're saying 400 it start. we're hoping this is start of a big electrification center for trucks in northeast, ohio. there are a lot of partners

here. youngstown state, university, the regional chamber and we're hoping this goes forward. it will be a big plus for the entire mahoney valley. stuart: is president trump popular in lordstown? >> president trump was able to flip trumbull county from democrat to republican during the last election. so he was, fairly popular. a lot of people are blaming president trump. they look at it, they're saying, that you know, changing world out there. if you don't change, you know, you will wither on the vine and die. we're looking to the future and, doing what is best for lordstown and our residents. stuart: your honor, arno hill, lordstown, ohio, thanks for joining us. >> appreciate it, stuart. have a great day. stuart: mid-november. parts of the country it feels like middle of january. in chicago temperatures are expected to drop to 13 degrees

tomorrow? jeff flock braving the snow for us. we'll check in with him in a moment. ♪. (vo) the flock blindly falls into formation. flying south for the winter. they never stray from their predetermined path. but this season, a more thrilling journey is calling. defy the laws of human nature. at the season of audi sales event.

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stuart: the news is this. we're what, 53 minutes into the trading session. we're down 109 points. i want you to take a look at a weather map. kind of ugly i would say. just look at it, these are very low temperatures all across the country. low numbers especially in the midwest. i would say lower across the country. mid-november i would say. jeff flock in chicago. as you see, it is cold and snowing. jeff, will you link this to climate change?

reporter: oh, i might have known you would go there. you know, i'll tell you, i think political hot air leading to climate change. it is up there with cow flatulence i think. this is lakeshore drive. climate changed real fast here, stuart. down 30 debris in the last day. we think it will be. we think we get down to 10 degrees. you know how far away from winter? we're 40 days away from winter. looks like winter in chicago. that is lake michigan out there. looks like the atlantic ocean. that is like michigan. when you get a bad storm in chicago. was it your idea i stand out here like an idiot? i wouldn't put it past you. stuart: you've just been liberated from that rather orange hood of yours. >> i can't hear you. i have my hood pulled up.

i wouldn't want to miss one of your pearls. stuart: we put jeff in call kinds of situations. we put him in one today. he is a good sport. we'll talk to him a little later. on is similar note the federal reserve will have a discussion about climate change and tell me more, lauren. lauren: there is san francisco fed and mary daily want to know how climate change will affect the economy. there are three issues they study. impact of warmer weather on labor supply. the impact of pollution on do those areas need lower interest rates because they're polluted? also, can there be a run on oil. as you, as you have, sorry can't speak, other sources of energy coming to market, do we frack less oil? what's the ability to get the energy that you need?

stop laughing. this really is happening. stuart: if i'm the federal reserve, and i am holding a conference on climate change, the first thing i'm going to say, what happens if we get the "green new deal"? what happens to the economy then? lauren: excellent question. i don't think they discussed that but i will step back. stuart: of course not. there will be intellectual stuff irrelevant to most of us. sorry, susan, i'm goring your ox. president trump moments away from the new york veterans day parade where he will be speaking. we'll take you there. that is a promise. how about this, "call of duty," one of the most popular games, i will talk to a veteran that takes profits away from it and gives it to veterans. ♪.

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can't buy me love. susan: i love this one, upbeat. can't buy me love. stuart: recorded 30, 40 years before you were born. lauren: still loved. stuart: i like it too. let's be happy when the beatles are playing. good stuff. check the big board. we're down 100. that is minus 1/3 of 1%. look at that level, 27,577. adidas closing factories, not

only in america, but in germany as well. my question, where do they go? susan: going to vietnam and china. talk about the u.s. supply chain upended. people moving factories outside of china, maybe to vietnam, elsewhere, cambodia and the like. it is interesting adidas is reversing their recent strategy which was to make the shoes closer to the west. and customers. not the case anymore. this impacts suburban atlanta. where they had the factory in u.s. and germany as well. it will cost 200 jobs. it is cost cutting world. nike sales are 16% of their footwear in greater china. 13% in the asia-pacific. stuart: student, thank you. it is november 11th. we're celebrating veterans day

on "varney" company. makers of videogame, call of duty, part of profit is the call of duty endowment. that is a charity that helps veterans find jobs. they have doing this 10 years. former vice president of activation blizzard, he makes "call of duty." dan gelledden is with us right now. dan, can you tell us in the 10 years you have been doing this. how many veterans you helped find jobs? >> good morning. thanks for having us on. today is the 10-year anniversary. in that time we funded a placement of 10,000 veterans into high quality jobs. stuart: 10,000. that is over the 10-years or -- >> i'm sorry. no. 63,000 veterans in the high quality jobs. stuart: that's a much better number, dan. well-done. that's good. you have 63,000 veterans placed in jobs, using the money which you have have taken out of call

of duty. only take a tiny fraction of the profitability of call of duty, right? a tiny fraction. >> that is not how it works. stuart: oh. >> we do a number of things, including in game items that allow call of duty community to donate -- stuart: dan, you have to interrupt you. i have to go to the president in new york. >> the united states armed forces the greatest warriors to ever walk the face of the earth. our veterans risked everything for us. now it is our duty to serve and protect them. every single day of our lives. it is truly an honor to come back to new york city, right here at madison square park, to be the first president ever to attend america's parade. [cheers and applause] to every veteran with us,

thousands preparing to march on 5th avenue, it will be really something. and to the 18 million veterans across our country, the first lady and i have come to express the everlasting love and loyalty of 327 million americans. i want to recognize department of veterans affairs deputy secretary james byrne for joining us. thank you, james. thank you, james. [applause] great job. pleased to report that our administration and all of the work that we've done, the veterans satisfaction with the va is at 90%. it is highest rate ever recorded in the history of this particular program. that's awfully good. we're very proud of you and the secretary, thank you very much. great job. [applause] also with us, new york city mayor bill de blasio. thank you very much, mr. mayor.

thank you. along with many other distinguished guests. thanks as well to everyone at the united war veterans council for putting on this incredible event, including bill white, doug mcgowan, a very special acknowledgement to someone who devoted his life to this parade, marine vietnam veteran, vince mcgowan. thank you very much. thanks to each of you, all of the supporters whose generosity make this parade possible. tremendous amounts of work has been done, tremendous frankly apartments of money has been donated. we appreciate stanley. we're glad to be joined as well by honorary grand marshal of the parade, marine corps commandant general david berger, the sergeant major of the marine corps, troy black.

>> thank you very, thank you very much. >> let us show our profound appreciation of the 2019 grand marshals that served in world war ii, korea, vietnam, the gulf war and iraq. as more than 30,000 patriotic americans line the streets of manhattan we carry on a noble tradition that began one century ago. in 1919, the people of this city filled block after block to welcome home general pershing and 25,000 american soldiers after victory in world war i. just a few years before many of those soldiers had boarded ships, not far from here, at hoboken port. more than 116,000 made the ultimate sacrifice. at the 11th hour, of the 11th day, of the 11th

month, in 1918 the armistice was declared, the war had come to an end, and the allies achieved a great, great victory. every year since, on november 11th, we have shared our nation's deepest praise and gratitude to every citizen worn the uniform of the american army, navy, air force, coast guard, and marines. we are profoundly moved to have with us veterans of world war ii, including one of the grand marshals, woody williams. thank you, woody. to each veteran of the war, glory of deeds will only grow greater with time. this city is graced by your presence.

this nation is forever in your debt. we thank you all. we're also pleased to be joined by veterans of the korean war, the vietnam war, the gulf car, and the war on terror. you are the reasons our hearts swell with pride, our foes tremble with fear and our nation thrives in freedom. would you please stand so that we can honor your heroic service, please. [applause] thank you very much. thank you. thank you all. each parade highlights one branch our military. we honor elite masters of air, land, sea. the legendary leathernecks, the feared devil dogs, the first to

flight, the united states marines. let's hear it. [cheers and applause] yesterday we celebrated the marines 244th birthday. that is pretty good. the few, the proud, are always faithful, and they always win. i also want to thank the marine corps law enforcement foundation which provides scholarships to children of our fallen heroes, to every gold star family, we will stand by your side forever. it is very fitting that the veterans day parades beginning here in new york city. since the earliest days of our nation, new york has exemplifieded american spirit and has been at the heart of our nation's story of daring and

defiance. on july 2nd, 1776, the british your maude today sailed into -- armada, sailed into new york harbor, numbering 400 ships and carrying 30,000 men. the british came here to snuff out what they thought was just a minor american revolution. didn't turn out to be that way but the red coats did know, what they did know was they were going to have a problem. but they didn't know that new york would meet them with the fiercesome power of american patriots. in world war i new york regiments like harlem hellfighters, the lost battalion, and the fighting 69th were revered all over the globe. during world war ii 63 million-tons of supplies and more than 3 million servicemembers shipped out of new york harbor.

on september 11, 2001, the whole world saw the horror and responded to america's wicked enemies with unwaving courage, unbreakable spirit and resolve that is deeper than oceans, fiercer than fires, and stronger than steel. last week i was honored to award the presidential citizen's medal to an extraordinary american, rick escorlap. rick, entered the army in the recruiting center of times square. became a great war hero in vietnam. he game head of security at morgan stanley in the world trade center. on september 11th, he saved 2700 lives before giving his own. today we are immensely grateful to be joined by rick's son trevor. thank you, trevor.

thank you. thank you very much. [applause] thank you. to trevor, every 9/11 family we pledge to never, ever, forget. the towering spirit of strength that we see in this city, lives within the heart of every american warrior, from the snow of valley forge to the junk fells of vietnam, from the forests of bella wood, to the beaches of normandy, from the mountains of afghanistan, to the deserts of iraq, that spirit has helped our fighters defeat tyrants, conquer fascism, vanquish communism, and face down terrorism. just a few weeks ago, american special forces raided the isis compound and brought the world's number one terrorist leader to

justice. thanks to american warriors, al-baghdadi is dead, his second in charge is dead, we have our eyes on number three. his reign of terror is over and our enemies are running very, very scared. thank you. thank you. [applause] those who threaten our people don't stand a chance against the righteous might of the american military. in a few weeks we will mark the 75th anniversary of the battle of the bulge, our nation's bloodiest battle of world war ii. more than 47,000 americans were wounded and 19,000 gave their last breath for their country. we are proudly joined today by a veteran of the battle of the bulge, a native new yorker, who is 94 years old, and still going very, very strong.

corporal jack foy. [applause] you look good, jack. jack enlisted in the army right out of high school. he fought through brutal months of the campaign through northern france. on christmas eve after marching nearly 100 miles in the snow, in subzero temperatures he arrived outside of the town in bastogne in belgium. for two weeks jack fought under seesless artillery fire, helped put the enemy back from a critical road. at one point a mine blew up, it destroyed his vehicle, badly hurting many. he was oned three times. he kept on fighting. after the allied victory at the battle of bulge, jack for

remaining nine months of the war across the siegfried line, up the mosul river, through the rhine land across germany until he reached the gates of the concentration camp, the first nazi camp to be liberated. that was number one. that was a big, big event. as jack has said about the battle of the bulge, when the chips were down, and the situation was desperate, the american soldiers stood up to be counted, for a brief moment in history, these men held our nation's destiny in their hands. we did not fail. thanks very much, jack. [applause] and corporal foy, we will forever be proud of what you and your fellow soldiers achieved for all of humanity. also here with us today here

with us, lauren matthews, the granddaughter of a battle of the bulge veteran who since passed away of his name was master sergeant, roddy edwards. like some veterans, he never talked about the war. lauren never knew her grandfather's story until she embarked on a school project 10 years ago. roddy was in the 422nd regiment which was overwhelmed when the nazis launched their surprise assault. he and his men fought for three treacherous days before being taken as prisoners of war. after they arrived at a prison camp, the german commander sent and order over the loud speaker, the jewish-american soldiers were all told to step out of line during roll call the next day. knowing the terrible fate that would come to his jewish comrades, roddy immediately

said, we're not doing that. he sent orders to have every american step out of line with their jewish brothers in arms. the next morning, 1292 americans stepped forward. the german commander stormed over to roddy, said, they cannot all be jews. roddy stared right back, we are all jews here. at that point the german put a gun to roddy's head and demanded, you will order the jews to step forward immediately or i will shoot you right now through the head. roddy responded, major, you can shoot me but you will have to kill us all. that's something. [applause]

the german turned red, got very angry, but put his gun down and walked away. master sergeant edmonds saved 200 jewish-americans, soldiers that day, so proud to be jewish and so proud of our country. lauren, thank you for being here today as we remember your grandfather's unbelievable and exceptional valor. lauren, please stand up. thank you very much. [applause] one of the 200 american soldiers saved that day, staff sergeant lester tanner. lester is now 96 years old. [applause] he joins us here. boy, you guys are looking very

good. 96. lester. you're really 96, lester? i won't believe it. you're looking good. thank you very much. thank you also for your very noble service and for sharing this incredible story with the world. thank you very much, lester. the men and women who have donned our nation's uniforms are the bravest, toughest, strongest, the most virtuous warriors to walk on earth. you left your families and fought in faraway lands. you came face-to-face with evil and you did not back down. you returned home from war and you never forget your friends, who didn't return, including prisoners of war, and those missing in action. every day you think of them and pray for them, but you're greatest tribute of all, is the way you lived your lives in the years since. you raised your families, you endured the wounds of war and

you endured pains of that memory. yet, you keep going, you keep serving, you keep giving, and you keep loving. you volunteer at your local veterans post. and you keep in touch with your battle comrades. you support our gold star families. you take care of our wounded warriors, you stand alongside of our servicemembers when they return from war on veterans day our nation rededicates itself to our most solemn duty. while we can never repay our warriors for boundless service and sacrifice, we must uphold with supreme vigilance our sacred obligation to care for those who have born the battle. just a minute we will have moment of silence, we'll lay

awreath at the eternal light monument. as we do, with god as our witness, we pledge to always honor veterans and pay immortal tribute to those who laid down their lives so we might be free. together, we must safeguard what generations of fearless patriots gave everything to secure. we will protect our liberty, uphold our values, and defend our home. we will insure that righteous legacy of america's veterans stands as a testament to this nation from now until the end of time. to every veteran here today, all across our land, you are a america's greatest living heroes and we will cherish you now, always, and forever. god bless the veterans, and god

bless america. thank you very much. [applause] stuart: that is the president of the united states. he is speaking right there in new york city. he is not mentioned anything about china trade, the economy. that is not the kind of speech that he is giving on this veterans day. but what's interesting is the response to him. now, the response, he was not, his speech was not interrupted by cheers or applause, very much, except when he called for it. and when he did recognize mayor de blasio in the audience, again there was a rather tepid response to that. so here we have the president in rather hostile territory, that is how i would describe new york city with political opposition to mr. trump, he is being given a fairly quiet reception, very

tepid reception at that. that is the way we will leave it. the president of the united states, right there in new york city. as we said, he mentioned nothing about the economy, nothing about china trade. his speech did not affect the market at all. we're still down 100 points. and, i'm going to break away from this. forgive me, ladies and gentlemen, we want to move on here. we're down 107 on the dow industrials. the president is wrapping up his speech right there. one thing i'm going to return to here violent protests in honk cong overnight and over the weekend. one protester shot by police overnight. demonstrators lit a "man on fire." we believe he was a pro-beijing demonstrator lit on fire. the man on the screen, gordon chang, an expert on the area, recently went to the area. i call this extraordinary

escalation. where is this going? >> this will go on indefinitely. what we have are, every time you see fatigue on the part of the hong kong population, beijing will do something, or say something that enrages people across the board. so that is why these protests have now gone on for six straight months and it is an indication that beijing is almost intentionally fueling this. we had carrie lamb, the hong kong chief executive declare the demonstrators, were quote, unquote, peoples enemy. that is cultural revolution type language. that kind of language gets people in hong kong upset. if carrie lamb wanted to tamp down emotions that is not what should she say. stuart: so it is almost deliberately row vock tiff. the scenes we're seeing on the screen, those cops are flat-out beating the kids. >> it could be deliberate.

communist party mentality completely oblivious. i don't know whether it malicious or oblivious, we know this is dynamic continuing. stuart: how long are the kids -- sorry to interrupt you. they are going out there to do battle with armed police officers. how long will they do that for? >> forever. stuart: are they prepared to die? >> some of them perhaps have. there are rumors, we know about the person who died last week, running away from tear gas but there are the belief that at least three protesters disappeared in the prince edward mtr. that is the subway station. they actually fished out somebody from the harbor, dressed in black, presumably a protestor dead. there are probably debts already. there are rumors a number of people who died yesterday but it will take some time to figure it out. one of them was a bystander. but you know, this has got to a point where it is now now descend into violence. a bloodlous on part of the

police. they lost all discipline. the question when that occurs, you have unrestricted warfare. one other thing, stuart, that is, these protesters changed their tactics very fast. so have the police but the protesters are generally one step ahead of the police in terms of what they're doing and that is causing i think beijing to start to think about more forceful tactics and i think they have probably given order for the police to do what they want. stuart: thanks for keeping us in touch what is going on. that is dire situation any way you slice it. gordon chang, appreciate it. president wrapped up the veterans day speech in new york city. we continue to honor our nation's heroes. i will be joined by two medal of honor recipients with me in new york. they will tell us their story. michael bloomberg announced he considering running for president in 2020. i say in the process he started a civil war among the democrats. my take on these very deep divisions on the left as the

third hour of "varney & company" starts after this. ♪.

♪ ♪ stuart: michael bloomberg entered the 2020 race friday. by saturday morning the democrats' civil war was in full swing. bloomberg has widened the chasm between the socialists who now run the party and just about everyone else. the left is outraged at this. billionaires screwing up an election that was supposed to put the workers front and center? bernie sanders, well, bernie is just plain angry. watch this. >> what we need is a dynamic democracy, a democracy where all of us play a role in shaping public policy. [applause] not some billionaire who decides that he wants to run for

president of the united states because he's a billionaire. stuart: let's be clear, bernie's always angry. he would abolish billionaires. now, now he's got a $52 billion man coming right at him. senator warren, well, she responded to bloomberg's run with i'm going to call it theatrics. watch this. >> and, boy, there are some billionaires who don't like this. [laughter] ooh. i think i hurt someone's feelings. [laughter] yeah, you know, this is, this is sad. this is sad. so there are people who are saying, oh, that i'm just mean to the billionaires, mean. ah, i know, i know. stuart: i don't know how that plays with middle america, but clearly the party is split. one side demonizes the rich, the other side says leave them alone, you'll hurt the economy.

the split gets worse. bloomberg will not contest the early primaries. that means the other candidates will be forced to spend millions in iowa, new hampshire and elsewhere while bloomberg sits on his billions. and then there's the debates. the next one is november the 20th. it is highly unlikely that bloomberg will qualify to be on the stage. he'll be watching the other candidates tear each other apart from the sidelines. notice we haven't even mentioned impeachable. well, there's another split. not all democrats are onboard with such a partisan show trial. oh, what a difference a year doth make. twelve months ago triumphant democrats had retaken the house. now they're at each other's throats. it's an ideological and strategy split. neither is going away. no splits here, the third hour of "varney & company" rolls on. ♪ ♪

>> quick question, 2020 -- >> right. >> you're running? >> yes, 100%. >> michael bloomberg might be running. >> that's good. >> yeah? >> yeah, sure. i think it'd be easy. [laughter] i think it'd be so easy. i don't think he'll get through the democrats. >> in other words, he wouldn't be able to get through the primaries? >> i think the democrats will eat him up. you know, you have a lot of people running. you have names that are shockingly bad, but they're nasty. [laughter] stuart: that's, what, about a year ago, roughly speaking. look who's here, trish regan herself, host of trish' egan prime time on this network. the president said the democrats are going to tear into him. >> yeah. they are tearing into him. they are so upset. you know why? because anybody who liked biden is terrified that michael bloomberg is going to tear part of that biden base away. oh, maybe this guy, bloomberg,

he'll do better, and consequently you could wind up with elizabeth warren or bernie sanders or some kind of crazy socialist as the democratic nominee and then in waltzes trump for another four years. that's their fears. stuart: i just love the way you say crazy socialist -- >> well, they are crazy. [laughter] stuart: charles payne is with us, and i want your judgment on bloomberg running. >> well, crazy socialist is redundant. [laughter] i think you said the democratic party's split three ways. 45% left, 45% far heft and then 10% michael bloomberg. when i read "the new york times" and they say he's taking a risky approach, one that shuns town hall meetings, door to door, this does get to the core of what the warrens are saying. can someone come in and not earn your vote. let's remember, president trump wasn't elected necessarily

because he's a billionaire. he hustled. he worked so damn hard. i never saw anyone work that hard to be president of the united states. he'd hit four or five states in a single day. so the idea that you can just run ads and win this thing, it insults some people who are used to the real rough and tumble of the political process. stuart: good point. >> plays straight into the narrative, right? stuart: it does. jamie dimon interviewed on "60 minutes" last night. i want to get your reaction on how dimon fired at the far left for attacking his wealth. roll that part of the tape. >> anything that vilifies people i just don't like. i think that, you know, most people good -- not all of them, you should vilify nazis, but you shouldn't vilify people who have worked hard to accomplish things. i think it's american society, we're just attacking each other all the time. i understand that a person is going to be a target in this day and age of certain poll decisions and stuff --

politicians and stuff like that, but the notion that i'm not a patriot, that's just dead wrong. my view is let's all work together, and i don't mind if a few barbs are thrown my way. >> wealth is created because people work hard, and to disparage that in some way is, frankly, pretty un-american, not true to values we have built this country on. michael bloomberg, he was 40 something years old, he got fired from bear stearns. he could have just checked out, right? what does he do? he took the money he had gotten from bear stearns, he invested it, created this business from scratch and turned it into a multibillion dollar machine, then becoming one of the wealthiest people in the world, right? he worked hard, and in doing so, he created a whole new trading platform for wall street. that's, that's the american way. stuart: what's wrong with that, charles? >> well, i loved that interview in the sense that -- but i had to get back to the football games. [laughter] anyway, he was like a jiu-jitsu

master because everything she tried to trap him on, whether it was wealth, wages, the trade war, and then when she said, well, you know, the economy is in bad shape, he's like, what are you talking about? we're going to be rocking for another hundred years. here's the hine that really bothered me, why doesn't it feel that way? that's real journalism. of. [laughter] forget about the facts, you're telling me, did you see the consumer sentiment report on friday? >> that's because her friends feel that way. >> right. but she really doesn't feel that way. i don't think she feels uneasy when she wakes up in the morning. if she's trying to be reflective of the american public, she should call up a few people in iowa and say, hey, you guys feeling queasy out there? instead of going to normal media b.s., wages are falling -- i mean, i hear politicians say this, but i wonder if you look at any of the data. and when the media does it, it really pisses me off.

stuart: every single question she asked was pejorative of the economy. >> it's colored by the people she's talking to. instead of looking at the actual data, instead of going to iowa, she's talking to her friends at dinner parties in new york city who say this guy is a bad guy, donald trump, that is, and he's done terrible things for the economy, and that's the line she spews. >> she's a lot better when she's interviewing jazz musicians. that's when she's speaking from her heart. this is the sort of political stuff that has turned a lot of people off from the media. stuart: by the way, this being veterans day, we can't let you get out of here without announcing that you are a veteran. you're an air force guy. >> air force. one of my brothers joined the marines, one joined the coast guard, and we learned at a very early age we should serve the country. i was in there are four years. stuart: well, we think you're all right. >> thank you very much, appreciate it. stouter stuart trish joins me in

that one. >> by the way, did you check out the -- little army men. not only were they my favorite toy ever, but they're so appropriate for the day. >> because you're an american now. stuart suiter ladies and gentlemen, american flag cuff links, and i've worn them every single day since the almost four years ago to day -- >> note to self, don't buy stuart cuff links. >> we're glad to have you. stuart: charles, trish, great to have you both on the set together. trish, i see you at 8:00 -- >> 8:00 every night, monday through friday, "trish regan primetime." stuart: and charles i see you -- >> in a couple hours. stuart: next one, public hearings -- had to get to this, i guess -- public hearingses on impeachment start wednesday. next, a full report on what we can expect to see and hear this week. president trump says he's going

to release the second transcript in the ukraine controversy. in a few moments, i'll speak with harvard law professor alan dershowitz about that. and, of course, yes, we are saluting our veterans here on "varney." stay with us, we have a jam-packed third hour just ahead for you. ♪ ♪ i'm off to college. i'm worried about my parents' retirement. don't worry. voya helps them to and through retirement... dealing with today's expenses ...while helping plan, invest and protect for the future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement. (groans) hmph... (food grunting menacingly)

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look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be a part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better. stuart: yes, very big week on capitol h. public hearings on impeachment kick off on wednesday. hillary vaughn on capitol hill for us. set the scene. >> reporter: stuart, this is interesting, because this is unlike hearings that traditionally the first time you hear from a witness is when the

hearing takes place. the three people showing up this week -- ambassador bill taylor, state department official george kent and former ukraine ambassador maria von slip -- are showing up and they've already spoken to investigators. we've already had transcripts of the hours-long depositions they sat through behind closed doors, but we are expecting to hear a lot more of that, and now republicans have had a chance to pore over these transcripts. republicans have also submitted a witness list of over ten people that they would like to bring forward in these public hearings, but democrats have to sign off on all of them, and so far they've signed off on none of them. in fact, one of those people on the witness list is the unnamed whistleblower that house intelligence chairman adam schiff has said it would be redundant and unnecessary for them to bring the whistleblower in front of the committee to answer lawmakers' questions. that's going to get a lot of pushback. but the three witnesses that are

showing up, you have bill taylor. he testified that he had secondhand information that ukraine aid was being held up for political purposes, not firsthand information. you're also going to hear from kent who previously told investigators that he was troubled by rudy giuliani's interferencing in ukraine and political meddling. and you're also going to hear again from the fired ambassador, marie yovanovitch who said she was ousted because of rudy giuliani. stuart: hillary vaughn, thanks very much, indeed. we have the perfect guest on impeachment, author of the new book "guilt by accusation. " the challenge of proving innocence in the age of me too. the author is alan dershowitz, harvard law professor, with me in new york today. what's the significance, if you can wrap it up for us, of this second transcript that president trump will reveal tomorrow? >> well, first of all, i want to thank every veteran who served and protected us. today is a day that we ought to

take very, very seriously. second, i don't know what's in the second transcript. but there are two issues. what happened on those phone calls, and is there any possibility that there is an impeachable offense. let's get to second one first. the answer is no. there is no possibility. pick the worst, worst, worst case scenario, the president abused his foreign policy power to gain political advantage. how many presidents have done that over time? it's not among the listed impeachable offenses. it's not a crime. it's not any kind of a crime. it may be a political sin, that's a good reason for deciding who to vote for, but it's not a good reason for removing a duly elected president. the framers had a debate about this, and they rejected the concept of maladministration as a ground for impeachment. even in the worst case scenario by the phone call, it's not there. stuart: is it dead on arrival in

the senate? i'm assuming that there will be an impeachment vote and the house will say, yes, impeach him. then it'll go to senate. >> i think the worst thing the democrats can do is have a vote for impeachment. then the president wins in the senate. he then uses that to help him win the election, and the democrats no longer have anything to hold over him for the second term. nobody's going to go forward with a second impeachment. so it's the most foolish thing from a democratic point of view to impeach the president, but the democrats have shown that they're prepared to engage in foolishness for minimum political advantage, so he may be impeached. stuart: but once again, there is no legal basis -- >> it would be unconstitutional to impeach the president on these grounds, and the message has to be congress is not above the law. they keep saying the president's not above the law. that's right. congress is not above the law. they can't make it up as they go along. they can't make up crimes. we've had people saying, oh, disclosing the name of the whistleblower -- no, it's not

obstruction of justice. that's not a crime. collusion, that's not a crime. the phone call, that's not a crime. you can't just make it up. to have a crime, you have to find something in the statute book that existed before the actions took place and that was clear and unequivocal. it's just not there. stuart: that was a declarative statement, your honor. >> i stand by it. [laughter] stuart: may i ask you about the lawsuits, two of jeffrey epstein's accusers are suing you for defamation. in one of them you're referred to as a longtime friend and lawyer to jeffrey epstein? would you respond to this? >> i knew him the same way the president of harvard knew him, he was an academic colleague. we were never close personal friends of any kind. and then david boies and a group of other lawyers had a woman falsely accuse me. this is a woman 40 -- who had told me she never had sex with me, never met me. she wrote an e-mail and a

manuscript claiming she never met me, she once saw me meeting with epstein. she remembers seven times in places i was never at, so i'm i suing back, and i'm suing, and i've written this book in which i prove my point guilt by accusation. and let me tell you, if i can be accused by sleazily, sleazy women lawyers, anybody can be accused. stuart: we can't -- i don't want to be using words like that on this program -- >> well, i'm sorry. from here on, put them on the show with me. let's have it out. let's debate it. the point is i will be falsely accused, and i'm going to keep saying that til the day i die, and when i die, my wife and my children will say it. i am totally the innocent, i will not sit silently by and allow myself to be accused. stuart: professor dershowitz, thanks for being on. >> my pleasure, thank you.

stuart: stock check. we've got alibaba actually down nearly 2%. their singles day has been held in the last 24 hours. it's a bit like prime day from amazon. their singles day, we just got the final number here, $38 billion, that's what it brought in. that's way out there as a new record high. and it beats amazon's prime day numbers this year was just $4 billion. that was over 36 hours. so there's a difference between singles day and prime day. alibaba, though, down about 2% on the news. look at disney. the streaming service, disney plus, comes out tomorrow priced at $6.99 a month or $70 if you commit for the entire year. down a bit, 1% today. uber, their former chief executive, travis kalanick, sold more than 20 million of his shares after the lock-up period ended. that's worth about $547 million,

21% of his stake in the company, he sold it as soon as he could. uber's down to 26.92 this morning. winter more than a month away, but try telling that to chicago. jeff flock is in chicago braving the cold for us. we'll have a full report on that in just a moment. yes, it's veterans day. later this hour we're joinedded by two medal of honor recipients. don't miss their stories, they are fascinating guys, and we'll be back. ♪

stuart: the lady who's singing that, whe name i do not know, sounds awfully happy about the freezing cold outside. >> let it snow first. stuart: there is, indeed, record-breaking temperatures all across the midwest. jeff flock in the thick of it in chicago. i don't know where you are now, but tell me how cold it is where you are. oh, my lord. >> reporter: we're miserable

enough, so we thought we'd come right down to the shore of lake michigan, and now the snow is starting to quit out here, and we're starting to get the cold. we think it's going to go down to 10 degrees today. right now it is about 24. as you can see, look at all this debris washing up here. when you get one of these storms, that's what happens along the shore of lake michigan, all kinds of debris washing up. and -- [laughter] it's like an ocean out there. somebody just said, you know, is that an ocean or is that the lake? that is the lake, lake michigan. not as calm as a lake right at the moment. and the know and the wind is the story right now, stuart. before we're done today, the story is going to be the cold. 10 degrees. it's normally about 50 degrees for a high. now we're going to get a low of 10 today. wish you were here. stuart: oh, yeah, right. [laughter] jeff flock gets all the plum assignments, that's why he's on the shoreline in 10 degree weather.

see you soon, jeff. stay loose. >> reporter: hope not. [laughter] stuart: frequent guest on the program, mark graham is going to be with us. he's usually here to talk interest rates in the market, but today, no, he's here to talk about our veterans. he'll tell us how he is helping wounded warriors. he's with us next. ♪ what i love most about being a scientist at 3m is that i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. we are solving problems that improve lives.

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♪ ♪ stuart: we've been open for, what, two hours now, and it's been pretty steady all the way through the day, down between 110 and 130 points, and that's where we are now, down 116. our next guest usually comes on the show to chat about bonds, interest rates, that kind of thing. there's another side to him though that's all about helping wounded veterans. the guy is, the man is mark grant. all right, mark, how do you help wounded veterans? tell us all about it, please. >> the first place, before i start on that, stuart, i want to take a moment and thank you

personally and one of your producers, christine ambrose, who's been a shining star for allowing a charity that i'm involved with to come on today to talk about the wounded warriors. it's the wounded warriors family support charity. i'm on the board, and i'm chairman of the investment committee of the board. and i think the work they do is just stellar, and the whole board of directors wants to thank you for allowing us to come on and talk about this today. stuart: well, thank you for saying that, mark. we do appreciate that. look, anytime you've got this kind of thing to talk about, we want to hear about it, especially on vet r.n.s day. but -- veterans day. but what you do is you raise money for the families of those who are seriously wounded, seriously wounded people. and then you make sure they have a place to live and that they can carry on with their lives, right? >> we do even more than that, stuart. one of the biggest problems is that people that serve the country is they come back with brain injuries, traumatic brain

injuries that are, make it very difficult to take care of them. and up to this point in time, you know, the parents or assisted living. but in some cases it's incredibly difficult. we're building a institution outside of omaha, nebraska, called dunham house. you can find it online at dunhamhouse.org. and what we're doing there is it's specifically for people with traumatic brain injuries. it's the only place of its kind in the country. we've almost got it finished. finish we certainly would welcome any donations to help, but i think this is, it's a unique opportunity to help some of our veterans in a very unique way. stuart: before i move on, i've got to get one market question in, but before i get to that, it just occurs to me that we are treating today's veterans, the veterans of the gulf wars and afghanistan, we're treating them so differently from the way we

treated the guys and ladies who came back from vietnam. you'd agree with that, wouldn't you? >> right. yes, i would agree with you about that, stuart. treating them much better with a lot more care. stuart: tell me where the money's coming from. you just make appeals for money? is that it? >> yeah. we make appeals for money. as i said, we're doing something you -- unique. we're not at all connected with the wounded warriors project. this is wounded warrior withs family support. and as i said with the center for the brain injuries, dunhamhouse.org, there's no other institution like this in the country, and we're going every step of the way the best we can and, of course, we appreciate any support from any of your with viewers and thank you for it. stuart: mark, before you go, real fast, are you onboard with the year-end rally? >> i think that the equity rally, if you want to talk about the rally, is getting a little bit overdone.

i think a lot of it, stuart, was pushed because interest rates have risen to some extent as peel and institutions -- as people and institutions when we hit around 1.50 or so, these insurance companies, these pension funds, retirees can't live on that money. so they came out of bonds, which we've seen the bond market back up in yield around 1.94 or so, and people have gone into the equity market. i hope they're making the correct decision. my almost 46 years on wall street has shown me that when people take a lot more risk, they can get their head handed to 'em -- [laughter] as i've said on your show, i think that closed end funds with double-digit yields are a much better play than trying to speculate on higher prices. stuart: happy birthday to you for yesterday, mark, and with that, we'll leave it. >> thank you, stuart. stuart: thank you, mark. >> thank you. stuart: how about this? good news for tesla.

the analysts at jeffreys have raised their price target on the stock. jackie deangelis at the new york stock exchange, where do they think tesla's going to go? >> reporter: higher, stuart. from 300 to 400, that's the new price target. the stock is trading up 3% on that news today on a day where the market is struggling. now, jeffreys says that they look at this, they see improved earnings, an improved balance sheet, and that third quarter is showing a path to profitability that seems very hopeful to the company. of course, they have a buy rating on the stock as well, and it's one of the highest targets i'll highlight out on wall street on tesla stock right now. take a look at tesla's stock year to date, if we can pull up that chart, because it's trading only slightly higher than where it was on january 1st, and it gives you a sense of what a volatile year it's been for tesla moving in fits and starts. elon musk and all of these changes that that the company is making, but really remarkable to see it trading at 347 right now.

stuart: the bottom line is that tesla's stock is going up. that's not going to be pleasing to short sellers who want it to go down and, in fact, there is a war of words between musk and the short seller david einhorn. deirdre, tell me more? deirdre: this is great. you cannot get better drama than in. we know that david einhorn had his worst year in 2018, a big part was the short that he has on tesla's share which indicates he is betting the stock goes down. but they have this known rivalry. einhorn sent a letter on friday to tesla's e mono-- elon musk saying we have questions for you about your financial statement, he called him mr. unicorn. and elon musk is supposed to be taking a break from social media. he couldn't help himself. says numerous false accusations, but i empathize with you, mr. einhorn, i'm going to send you some short shorts, get it? so he sends him, basically, very

short shorts to help you through this difficult time. now he's done -- and they've had these kind of stunts going back and forth. he did it in 2018 in which einhorn said you're a man of your word, although i did mention some manufacturing inconsistencies in the shorts. long story short, these guys are just going at it -- stuart: it's entertaining. deirdre: it's entertaining. they're on posing sides. worst year on record. stuart: that's the point. new details, not really new details, but there is another mcdonald's office romance deal to talk you -- tell you about. lauren: donald's fired ceo steve easterbrook had a relationship with someone who worked at an external pr company. both of them told their bosses, and the bosses said, fine, you can have this relationship. and they just moved her off the account. easterbrook was not ceo at the

time. fast forward til now, about three weeks ago, four weeks ago we learned and the board of mcdonald's learned that their ceo had a relationship with someone at the company within the chain of command that's against company policy, he's fired. stuart: difference between two romances -- lauren: two years and two romances. stuart: heads up, if you're coming to new york city staying in an airbnb, double check the reservation. why? deirdre: yeah, this is awful. so there was a tourist from boss who paid $90 a night for airbnb which she thought was going to be a nice place in chelsea. it was actually a housing project. so she said she was traveling with her mother. as soon as they got to the seventh floor, the smell of gas overcame them. so, essentially, it's squalid. that's what happened. airbnb has apologized and has given this woman her money back but, you know, airbnb in new york city has just been at logger heads for a while. there are -- stuart: yeah, yeah, but you're

not allowed to rent out to airbnb a public housing -- deirdre: you are not allowed. stuart: so it was illegal to start with. what a story. coming up, i'm going to put this on your screen, two medal of honor recipients. they're here today because it's veterans day. couple of true american heroes, there they are. their stories coming up. first though, president trump, we call him the man of the people, going to football games, ufc fights, today the veterans day parade in new york city. is that his strategy, go out to the people? is that a winning strategy for 2020? good question. we're on it. ♪

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♪ ♪ [laughter] stuart: classic jimi hendrix. i guess to follow that, we'd better talk about weed. [laughter] serious stuff here. just check those marijuana stocks, please. they have lost a huge amount of value in this calendar year. how much? deirdre: they certainly have. if you look at all of them, $35 billion in market value. so this was really a hot group if you look actually even in the first quarter of this year and in the last three previous years. but recently there's been a lot of infrastructure issues, there's been at least in the u.s. this kind of conflict between states and the federal law. so, i mean, steeple nicholas is one of in an lists who say, listen, this is going to be a $200 billion business by 2030, however, t not without i growing pains, if you excuse the pun. stuart: i hear this expression, marijuana banking has begun. deirdre: yeah. so congress is considering legalizing banking for marijuana-related businesses. right now the trick is from a

federal perspective, this is still an illegal product. okay, some states have given it the green light, but federally, these companies can be accused of money laundering. they're not if the states have okayed it, but basically congress is in the middle trying to figure out how do we manage -- stuart: congress has not acted yet. >> they are considering. stuart: yeah, exactly. they're considering marijuana banking. we ain't got there yet. deirdre: no. stuart: got it. let's talk vape aring. somewhat -- vaping. president trump has announced he will be taking action on this. lauren, i think he tweeted this morning? lauren: earlier this morning. in part the president tweeted: i'll be coming out with an acceptable solution to the vaping and e-cigarette dilemma, and he will be meeting with medical professionals and doctors to talk about new regulations that might be needed to make sure that children and teenagers don't vape, illicit counterfeit substances. if you look at the deaths across

the country, a common link is vitamin e cat tate. the teens in many instances are vaping that, and it puts an oil around their lungs, and they cannot breathe. now, the whole point of vaping and e-cigarettes is to get adults to quit traditional smoking if you use an approved cartridge, but that's not always a happening. so what kind of rule or flavor ban at the federal level could prevent this. stuart: very complicated. this is not an easy subject. all right, i'm going to switch fears for a moment because the president was in new york city this morning, first president ever to speak at a veterans day parade in new york city. kelly sadler with us. seems to me like the president is going right to his base or right to the people, i should say really. >> yeah. stuart: he went to atlanta, he went to the football game in alabama, in new york city. is in the strategy? -- is this the strategy? take the message to the people? >> obviously, yes. and the president really is

trying to connect with different constituencies. we see that campaign launch, you know, basically a coalition for african-americans touting all his accomplishments within that community including record low unemployment and increased funding for hbcus. we see that with veterans, and i want to thank all the veterans out there for their service s. and the president has a committee for veterans, and he's passed the v.a. choice act so that that these veterans can get the care that they need -- stuart: go to those groups, tell 'em what i've done. >> yes, exactly. stuart: i don't know if you saw this, but "the washington post" has an op-ed today. this is about last week's elections, kentucky and virginia. here's the quote. the vote counts from kentucky, and elsewhere represent the latest hard data about voter tendencies, is and on the whole they imply that even longtime southern bastions of republican conservativism, people in support -- people support a pragmatic, progressive direction

in policy and a decent, inclusive style of leadership. okay? decent, inclusive style of leadership. what they're talking about there is the suburbs probably. >> yes. stuart: that's what they're saying. >> yes. we have to put this in perspective. first off, the president was never on any of these tickets, so this is not 2020. we are not worried about losing kentucky or mississippi in 2020. when it comes to the suburbs, this is a different issue. if you look at pennsylvania, you see, you know, philadelphia suburbs going blue, but you looked at pittsburgh, those suburbs are remaining and staying red. stuart: okay, look, can you acknowledge that suburban people are moving away from the trump camp is and moving toward the democrat camp? in general terms, that's true. >> no. i -- listen, it depends on the democrats. you said earlier today they are in a civil war. now, when you juxtapose the president against elizabeth warren or bernie sanders, there was a new york times poll that

came out last week that he leads both of these people. when they go to these radical left agendas, when they're talking about medicare for all, taking away your second amendment, when they're talking about banning fracking, these are issues that impact suburban voters, and we are seeing they stand against. yeah, they may not like the president's style, but they do like his policies. and we're seeing that over and over again. stuart: kelly, thank you for being with us. next, we have two very special guests, i mean special. medal of honor recipients, matthew williams, ron surer. they're walking into our studio as we speak. those are two honorable guys. ♪ ♪ the world is built for you. so why isn't it all about you when it comes to your money? so. what's on your mind? we are a 97-year-old firm built for right now.

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us. >> thanks for having us. stuart: now, this is going to be very difficult, but in 30 seconds -- [laughter] matthew williams, you're going to have to tell me how did you receive this? for what did you receive this? >> 30 second version, my team and i, who ron was also on, we were on a capture-kill mission in eastern afghanistan in 2008. went into a live bottom and we were assaulting a village on top of a mountain. we made our infil, the village kind of opened up on fire. our initial lead element had made it pretty much to the village where it began, and we took two casualties right off the bat. so myself, ron, and our team sergeant made our way to their position because he was a medic, and i just went for security and to see kind of what was going on. shortly thereafter, we took two more casualties, and that's when our day sort of changed from, you know, our mission -- stuart: did you rescue?

>> so i -- stuart: put yourself in harm's way to get those people out? >> myself and others did, yes, sir. we, you know, the mission became getting four wounded americans off the side of the mountain, and that's what our focus was for the rest of the day. stuart: ron, did you win -- i'm sorry, that's the wrong expression, did you receive the medal of honor for the same incident? >> yes. the same ballot, same team and all that. so it's quite an honor to be able to kind of share this recognition not just with the team, but with matt. stuart: you received your medal one year ago. >> yes. october 1st of last year i received the medal. stuart: what's it like? because america really respects people like you, puts you at the top of the pinnacle right there. is it sometimes a little difficult to take the adulation, which i'm sure you get? no, seriously. >> it is. i've gotten a little bit better at it over the past year. at first, it was hard to even make eye contact with somebody

when they started talking about the medal of honor in relation to me. i don't know who you're talking about. but now i don't think i'll ever get used to it, but i've gotten a little better at handling it. stuart: matthew williams, you only received your medal on october 30 evident. that would be a couple of weeks ago. >> yes, sir. stuart: gotten used to it? >> not at all. i'm not used to people, you know, congratulating me or telling me those kinds of things, and it's very difficult to wear the medal and receive that type of praise when it's something we were trained to do and we do all the time. stuart: gentlemen, you deserve it. and it's an honor for me to meet you and to have you on this program. i'm not sure the rank, staff sergeant? >> yes. >> currently a master sergeant. stuart: master sergeant. i'm sorry. thanks for being with us. >> yes, sir. thank you for having us. stuart: there'll be more "varney" after this. ♪

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in one simple plan. with monthly plan premiums starting at $0. aetna medicare advantage plans call today to learn more and we'll send you a $10 visa reward card with no obligation to enroll. medicare annual enrollment ends december 7th. stuart: another development in the boeing 737 max jet saga. they wanted jets to be back in the air by the end of the year. they pushed it back now to the end of january. the stock is up 7 bucks. let me show you now what i think is the video of the day, mini cheetah robots, by mit. look at this. they look like -- >> they roam. soccer, 20-pounds each. they say they are virtually indeductible. they're easy to repair. they're easy to modify if

necessary. boston dynamics did something similar with the dog spot-like robots. they're looking to how to apply real life. the future is here. stuart: i want a couple. >> you could start a soccer team. >> you could. stuart: neil, take that. that is the end of the world. neil: that is the end. world. thank you very much. boeing says the expects 737 max to return to commercial partners in january. there is distinction whether they are ready to fly. that is up to the federal government, faa, you can send them to the customers, have at it. the customers want to get a clearance to fly them and whether they get clearance to fly them. that is enough to look at boeing's stock nine