you need to be better on that message and nothing wrong with wealth that's what makes ameri america. >> a record long economic recovery is not about to end anytime soon. i like the lack of access and this is telling me what we have two take the job rate even lower. stuart: good morning to you and good morning, everyone. this is going to be big. the president makes a major speech on the economy three hours from now. he is in new york city. i call it the belly of the beast. the impeachment circus arrives at the political capital. the president talk that the p-uppercase-letter he is laying the groundwork for his reelection. the speculation is the trade progress, promote his own taxcutting policies and go after the multitrillion dollar tax hikes proposed by the democrats. yes, he may move the market to. this too is big.

this is one of the heavyweights in the independent revolution streaming. the major players are committing in norma's amounts of money to get control of your screen and you are living in. how you get it, what you get it and what it cost coming up for you. apple tv plus launched earlier this month and already there is a change. a top executive is out at the apple content receiving mixed reviews. that is a tough business. big news from google, they are collecting detailed personal health information on millions of people. google will use artificial intelligence and machine learning to analyze individual care, they claim robust, privacy and security. we have more on that. to the market, the rally rolled on. if it goes up when they open new highs will be set. same story for the s&p in the nasdaq. fraction gains at the opening bell. i think i say this every day, we have a show for you. "varney & company" is about to

begin. ♪. >> a couple of things like usmc pass, a german physical stimulus is back, now on the 30000. >> now 30000 -- try running against that. [laughter] stuart: that was hardline train, 30000 on the dow. a couple of hours from now for the president lays out his economic roadmap and the club of new york. the journal, james freeman is with us right now. the present will move heaven and earth to keep prosperity rolling into the next election, will he not? >> he has to know that the key to his reelection. he has to get reelected through the trade strategy he's pursuing

with china. growth is number one and you see that his edge in all the polls. stuart: therefore, we don't know what he will say but i'm speculating he will say something positive on trade, trade with europe with cause, trade with china phase one. that's my speculation. >> it would be great moves and move the markets. if he said we will not add tariffs on autos coming from europe and china. china short of a deal saying we're going to get intellectual property protection and all you financial ceos can go to china and do business there without having to take on a local partner, without having to take on joint venture and in return i'm going to lower the tariffs are put in place since being inaugurated. stuart: i have a feeling that he is going to be lethal. i don't know whether he will or not but i think you will taunt the audience. here we have the all-powerful

new york economics club, the billionaires will be all across the room, the bankers, brokers, investment people, he will go out and say look what i did for you. look what i did for you. >> certainly the tax cut in the deregulation, he has got to be feeling good about the october jobs report and probably feeling good about what looks like a little lift and capital investment by businesses, that's a goldman sachs report on s&p 500, on business investment coming up a little. but we are still in a slow growth phase and not where we should be given all the progress he has made on tax cuts and deregulation. i think he has got to know that the trade fight is a drag and he has to sketch out a way to india. we see there is leverage and encouragement for china to make a deal and encouragement for him as well. stuart: james freeman, thank you very much. a pretty big buildup on social

media, disney plus or disney rolls out its disney plus streaming service. some customers running into trouble, i'll get more about that from christina, what is happening? >> some are getting a big screen saying unable to connect to disney plus, over 7000 people have already reported issues with this platform. >> that is just one website tracking it. there could be more. >> went to i get for 699 a month and how do i get it. >> you're gonna feel nostalgic when you click on it, five boxes that come on the screen, star wars, pics are, marvel, as well as national geographic. and specifically what kind of content, the entire star wars saga and 4k for those movies. 30 seasons of the simpsons, fox content property, six marvel movies, talk about the new tv shows they will be launching.

i saw one report that was spent $25 million per show in these shows are like marvel what if, what if the character was a good guy or bad guy in the classics on the like high school musical, move on, even maybe some of the original. the original mickey mouse content from the ball. but the big question is, how does the stack up in terms of price, you have nostalgic property on their and movies we have seen. were talking about price and how it compares. look at your screen, prime at $8.99 and same with netflix, hbo is more expensive a $14.99. should you want to bundle with espn and hulu, it will cost you $12.99. they said right now they know they have a fewer properties on the compared to netflix which is

why the price reflects that and for those that are wondering go to disney+.com and you can get a seven day free trial or a verizon unlimited wireless plan, another tolman to get it for free and last but not least, if your disney fan club member, three years $141 that makes it out to less than $4 a month. i'm always about getting a cheaper. >> you asked me how to get it. >> it's all my fault. his reputation is on the line he's the best ceo in america. >> we will talk about that in the next hour. stuart: were still on streaming, there is a change at the top, apple tv plus division. someone is out and it occurs to me that is a very fast exit. this streaming service is ten days old. >> kim who is the head of a script of programming and on script content for apple tv plus is now stepping away from the company, the management team. it took a two-year buildup to

get this up and running. he brought over sony tv executives in general roosevelt came along with them and the reviews have not been great but if you take a look at the analyst, there could be 100 million of subscribers with apple tv plus. over the next three years. and disney executives are talking about disney+ to get 60 million subscribers to 90 million subscribers by 2000 tony for. >> it's a revolution. case closed. >> must be 52 or three themselves. >> the averages two or three. >> netflix allows you to bend to watch. they have great content and put it all out there. disney was the original program and apple they don't let you watch all at once. if were in a land grab for market share for subscribers and you are holding onto content, i don't know if that strategy will

work. stuart: i feel like you guys know a lot more about this. >> people are spending a lot more on streaming $15 billion plus on content. stuart: thank you very much indeed. stuart: ali baba took in $38 billion, that was on prime day, 24 hours they took in 38 billion. the stocks down a tiny fraction. amazon arrival are getting ready to launch a new grocery store brand. no it is not whole foods, it will not be one of the cash list stores, that's big news on amazon, watch out you are the groceries. burger king ramping up burgers here, is not a fad, more on that later. what do we have for you? the future .2 a higher opening, not a big gain but again nonetheless and that could topple that at new highs. president trump is in new york

for an important speech on the economy and his comets will probably move the market. we are on it. nasdaq four finalist will be racing around the track 2 miles an hour to be crowned the trip. the races in miami on sunday, the final four danny hamlin, kyle busch, all of them in the studio with me after the sour. what am i going to talk to them about. jimmy carter, a brain injury. he is 95 years old, he is a cancer survivor and doctor mike will tell us how he beat brain cancer. more varney after this. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades.

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about being a scientist at 3m. i wanted them to know that innovation is not just about that one 'a-ha' moment. science is a process. it takes time, dedication. it's a journey. we're constantly asking ourselves, 'how can we do things better and better?' what we make has to work. we strive to protect you. at 3m, we're in pursuit of solutions that make people's lives better. there's a company that's talked than me: jd power.people 448,134 to be exact.

they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. stuart: anheuser-busch buys the rest of the craft brew they're paying $321 million for the spring the stock has doubled on that news. they are buying it, up it goes, 16 bucks. the wall street journal reports that google is collecting health

information on millions of americans. to cover this looks like we need a libertarian. [laughter] >> ti wonder who we will find. stuart: what is your problem with this. that makes my my position. there is no such thing as privacy. everybody has it. so why should they not bring it all together and use artificial intelligence and machine learning to make better personal healthcare. this is how they do it. >> there are two privacies at stake. one is the fourth moment which restrains the government. the government is not involved in this. the other is your agreement with google. in google's agreement with the healthcare providers in those agreements say they will keep it private. do you trust google to keep this information private. of course not. they been find hundreds of millions of dollars for failing

to protect privacy. stuart: is it not possible they could use artificial intelligence in some way to promote absolute privacy? >> yes. obviously i'd be in favor of that. i'm in favor of protecting people's privacy without the government involved. google track record is such that it cannot be trusted. stuart: so what are you going to do? there is nothing you can do. >> i suppose you will love this. plaintiffs lawyers could bring -- against google in behalf of all the customers whose private information could be yours or mine or people watching us now has been inadvertently or intentionally released. the google problems in the past happen when google employees user access to private information to mind that private information for no legitimate google related purpose. stuart: also you will happen with me, google runs gmail.

-- >> we've heard the story. stuart: they read my gmail were i was describing to one family member that i have a pain in my leg. they read that e-mail, they sold the information to an indian medical company who called me on my landline and said mr. varney we can help. how about that for privacy. >> that's outrageous. >> said they violated the agreement that they have with you. stuart: i don't think they did. everybody knows they read it. >> when you sign up for gmail, if you read the small print they agree to keep it secret. what they violated on the agreement. stuart: i don't know whether i did or not.

>> you automatically sign up, you don't literally sign but when you accept gmail that is part of the agreement. so you need a good plaintiffs lawyer. stuart: forget it. when are you libertarians going to get to grips to fact that all information everybody's information is already out there. >> every time i sit here i come closer and closer to the view, privacy does not exist anymore. my big pieces the fourth amendment, the government and the privacy. stuart: they have it all. >> were you outrage when these people called you and asked if they could help with your leg. did you say who are you and how do you know? stuart: i did. >> what did they tell you. stuart: they hung up. [laughter] stuart: thank you very much. we will fight again i'm sure. boeing expects to resume max jet deliveries next month, they have a software that when a big yesterday. >> 4.5%. that the first of three steps. in january commercial flights of the troubled 737 max jet began. here step three, let's say it's

fine, how will you convince everybody it's okay to get on that plane. people will be nervous about this. they say give it six months and another analyst say 366 they see it going back and give it two months. stuart: the number of people getting to the jetway's say it's a max 37 jet cannot get on that. >> i'm going to be concerned check the job interjects. stuart: has a funny feel to the show. >> i need coffee this morning. stuart: the dow is going up 19, s&p up is to, it's a rally. wework, there has been toxic to hire the ceo of t-mobile to take over wework. we have details on that will cog up.

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xfinity mobile. click, call or visit a store today. stuart: president carter has been hospitalized for procedure to relieve pressure on his brain after he suffered a recent fall. doctor siegel is with us. we wish the president really well. >> 95 years old. stuart: i want to talk about how he recovered and got over the

brain cancer. as i understood it,. >> he had melanoma, get skin cancer that spread to his brain. stuart: didn't they take something out of his brain, doctored it up, put it back in his brain and the beat the cancer. >> no, what they did was give him a form of immunotherapy that targets the proteins on the surface of the cancer, melanoma response to the immune proteins and it's a drug that works miraculously on the former president and because the cancer or the spread cancer from the skin to shrink and disappear. he got radiation therapy by the way with actually can make the tissue fraud able and what he had these multiple falls, he actually accumulated a bruise or blood in his brain. from what i'm hearing, i did not examine him, he's not my patient but i understand he said bleeding or bruising in the brain, on top of the brain that

could be somehow related to the radiation he got. it reached a point where the pressure went up another relieve the pressure and he should be fine. stuart: we wish him well-paid he is 95 years old. what a man. >> they open the school and relieve the pressure. stuart: the first double lung transplant surgery has taken place with a vaping related lung injury. double lung transplant. >> i hope not, i wish people would get the warning. we have been saying on this show that most of these cases are related to marijuana type products, oils, cannabis oils which are bathed in the centers for disease control has implicated vitamin e. vitamin e is not bad except when you added to something you're putting in your lungs. it is very toxic to the lungs. it is causing inflammation and tremendous response to the lungs. stuart: don't vape the cartridges on the black market. don't do it.

>> that is one, don't even vape the cannabis stuff that you could get in the cannabis store in a state where it's legal. stay away from vaping cannabis products. any thc products. illegals are the worst. the bootleg is the worst. stuart: thank you very much. we appreciate it. stay with us, the market will be up a little bit at the opening bell and will take you to wall street right after this. ♪ ♪ diamonds shine like me. they're strong. they're brilliant. i am a diamond. find beautiful diamond styles for all the diamonds in your life, including you. get 25% off everything. including these one of a kind deals at the early black friday vip event. exclusively at zales. the diamond store.

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now. stuart: a shakeup, the journal reports that wework in talks to higher t-mobile of ceo to take over wework, more on this. >> around 80%, wework that kicked out, he has a great track record of success pray this is basically the playbook. they usually install one of their top executives when they take over a property. that is the remarks on social media that if you age adam neumann maybe he'll turn into john lucier. let's all ge kidding aside. t-mobile, sprint, which is by the way a softbank property at the merge sometime next year at some point in t-mobile for number four to number three.

if you need someone to run a troubled company like wework, there's a lot of overhang of one and half billion to bring in john legere. stuart: wework traps the market and the unicorns in the health pay. it is almost 9:30 a.m. eastern time and we are opening the market right now. a minus game that was predicted from the dow, that's what we have. we are a bigger, more than most of the stocks have open, a lot of green up there in the dow in the first couple of seconds is up 18 points. move on to disney, they have now launched a disney+. it is often running but a day when the stock is up to 138. look at apple, executive shakeup at apple tv plus, that is their streaming service, the stock is down a tiny fraction. allie bubba, record $38 billion worth of sales in 24 hours, that was single day the stock is at

186, down a tiny fraction. microsoft in record territory moving up again this morning, not much, not on my terms. it is up 5 cents. we will take it. 146 on microsoft. they are all together now. dr, the present speaks to the economic club and two and half hours time, he moves the market if he says anything on china trade. >> either way, this weekend he said things might not be going as fast as they like and he would only get the right deal for america, that cut the markets yesterday morning. if he gives any glimmer that things are going well and he will kind of amend that statement you bet markets will take a big jump. >> the white house advisor peter navarro says the dow will hit 30000 if we get usmca done. do you agree with that? >> i think you might be a little

enthusiastic about that one because in the absence of a china trade deal, i think we have to do this deal, it's just not that big on the radar screen. it's not the market move that the china deal is. >> isn't it already built into the market system that we will get some sort of usmca approval and also interest-rate cuts have been getting more than the federal reserve. a little hopeful as we have a hawkish cut the last time around. stuart: that they did not mention that but he may well pile on the fed is a lower the rates. >> i'm sure he will. stuart: probably. [laughter] we are down eight-point and the very early going but the s&p and nasdaq both a fraction higher. that is where we are. berger under burger king testing three new fake meat burgers in america launching a meatless poker in europe. >> i have a lot more on this. three new burgers being tested by burger king in the u.s. on

the kids meal and the value meal. it becomes more affordable and is my daughter going to say, you actually ate meat from an animal. this is how big the market is becoming, at the same time not impossible foods in the u.s. but in europe there launching meatless burgers in 20 different markets out europe. stuart: is not a fasting past. >> it will help sales as well because burger king says they went up 5% and those serving impossible burgers, underwent up 17%. this is a meatless trend that will grow 20 times over the next ten years. stuart: supposedly. >> their single biggest product launch ever they said. this is a 1.2 trillion dollar business, the meat business and the u.s., they said in the ipo that they think they can get 30% total in all the meatless folks can get 13% of a 1.2 trillion dollar business.

this is big business. stuart: yes it is. i got that. >> i'm not giving up my real burgers. stuart: were three minutes in. down 11 points, not much movement. google gathering personal health data on millions of americans, i don't think that is why the stock is gone up, i don't think it's a big of an impact on the stock but it is a big story. personal health information collected on millions of americans, what will they do with it. also but has reached two. a slaughterhouse fire affected their beef business, so what the stock is up 3%. pg&e, california utility offering 13 half billion dollars in compensation to wildfire victims, the stock at $6 a share. but we going to resume max jet deliveries in december. that lifted the dow yesterday, not doing much for it today. it's down 1%. oppenheimer raised the company's

target price to 250 and they make the chips that go into the very popular video games to ten right now on video. here's a very important indicator, the treasury keeps on going up, the yield keeps on going out, that the signal in a positive signal that the global economy is in recovery mode. >> i think you are right. it also shows where people have a risk appetite. bond prices are going down there for yield is up because people are piling more and more into stocks and other higher risk than the defense of bond. stuart: look at gold, money is coming out of gold. were down to 1454 per ounce. oil has been in the mid-$50 range for a long range. today it's up 57 upper fraction. here is an interesting story. amazon getting ready to launch a

new type of grocery store. it will not be a go convenience store with no cash. and it will not be part of whole foods. >> is amazon branded grocery store and it will open up in l.a., they have many more planned in the philadelphia area and chicago in the future. grocery is an 800 billion-dollar industry right now, walmart, has a lot of the foot traffic and amazon wants to get in on this. they had about $1,300,000,000,000 for whole foods, if you look at the earnings, physical store sell 1% for amazon. and they're looking for diversity and branding and i think it will be in 2020 hindsight we need to the monday morning quarterbacking if the $1300 was smart, you do have amazon fresh, the delivery service for groceries and they have cut the 1499 per month delivery fee to get more groceries to customers. stuart: dr is amazon's latest

move which is a direct shot at walmart. >> out of the 800 billion, walmart has 21% of that market in the u.s., though the biggest by far and amazon is treating this big market as a gateway product. if you can get people buying groceries from you then you can get them to buy a lot of other things because groceries are a tiny margin, huge volume business. you want to get people there to get them to higher-margin product. >> people go to the grocery store exactly something we still do as much as we try to do delivery we still go. and you step in the store and buy higher value added products. stuart: that is true. back to the story of the day, the stock of the day, the company, disney launching the streaming service today, joining us now, mark with steel house, welcome back to the show. you are big on streaming, i

think you believe that disney+ is a very big deal. what do you really like about disney+? >> they have everything. it's what everyone likes. everyone i am talking to is pretty excited about it. they released star wars content, the entire marble university, children's programming. it's must-have for any family. >> is disney abandoning the cable model of business? >> that is interesting part, disney has doubled the dipped on profits and if you are a cable company got to have disney in your package, disney makes money for that and they're very likely to get the subscription also in the same family to get the disney+ subscription so they get unlimited streaming. disney makes profit from that. for the near-term, it is really positive for the company and for the stock. stuart: mark, you used to like netflix because they can target individual consumers all around the world and target them with the movie they think they like. do you still like netflix? >> i still like netflix.

i think netflix is definitely getting squeezed right now, they need a lot more new original content but netflix fill that slot of when you really looking for something to watch, they also have comedy, content that not a lot of the streaming services have. stuart: but you really like disney+. got it. >> you're talking $200 million in incremental revenue per quarter right off the gate, most of the profit. stuart: that is not a bad number. we like that number. thank you for joining us as always. thank you very much. check the big bore, up a tiny gain. we will take it. that is close to a record. fourth in a row. 27000 almost. president trump is in new york city, he is going to make a speech on the economy.

this is a big deal all tell you why i think it's very important speech that can move the market. that will be at 11:00 a.m. this morning, one hour before he speaks. former wisconsin governor david a dispute with twitter for a picture of a christmas tree. can you believe, he's here to tell us what happened and a lot more. allie baba set a new record for single day, this is the year of the online shopper with the holidays fast approaching, can brick-and-mortar shoppers back in their stores. if so how do they do it. we will be back ♪ ♪ (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums

baba. stuart: in hong kong, protesters have taken over universities and in the business district of hong kong. escalation again. >> imagine if you are walking

down times square and there was teargas going on. that is what is happening in hong kong. it's very scary with the video but also student protest taken at the chinese university of hong kong. they blocked roads, or teargas, as well as students protesting and this is the bloodiest day in the six-month standoff. we have two people shot, one at close range and one in critical condition and one man lit on fire that we discussed yesterday as well. very scary graphic images coming from the ongoing violence in the confrontation. stuart: i read your stuff, you think what is going on in hong kong is more important than trade with china? >> i do. because of the impact it will have on trade and wider impact. this morning, or morning, the chief law enforcement officer said they are getting close to having a problem keeping the rule of law in the city. so this is becoming a big deal.

the thing that could trip up trade easier than anything and have us not get a deal at all is if the hong kong escalate to the point when the u.s. thinks they have to step in and do some civil right thing. weird he tried to pass legislation pro democratic legislation for hong kong, it is held up in congress because of the complexity of the trade deal. stuart: that is a long way off. >> it is the congress is already trying. stuart: thank you very much indeed. a related story, ali baba, single stay in china took in a record $38 billion, this is one day, 24 hours worth of sales, it is more than projected for black friday and cyber monday and america combined. adrian is with us, he is with a company called miracle. welcome to the show. if your website wants to sell stuff, miracle set that up for

people, is that what you do? >> miracle allows websites to have their own marketplace of third-party sellers so you talked about ali baba and the beauty of that is that 20 years they built the biggest business retail in the world without having to buy any products that they sell. that's the beauty of the marketplace model. stuart: i want you to look in depth of what ali baba actually sold the $38 billion worth. what were consumers buying? >> chinese consumers were buying cell phones, makeup -- apple products, u.s. brands were number two in terms of product sold on ali baba. stuart: that is interesting we were told that maybe consumers in china would not by american products because of the standoff between the two governments. but that did not happen? >> i think the consumer stays independent to what goes on in politics and likes products, their good products. what about brick-and-mortar?

if you want to get me into brick-and-mortar store this holiday season, you better attract me. how do you think brick-and-mortar are going to attractively like me? >> they should make sure when you search online that you are relevant to them. in brick-and-mortar need to find the right mix between having experiential stores with limited assortment and everything online. so when you come there, you don't leave thinking they don't have what i have so i will not go to the store. stuart: what is this experience in the store, what is that all about? >> that's being able to create and enjoy shopping experience at doctors putting in coffee shops like a rea a lot of retailers he tried to do it, to have the right products you need the data to identify what consumers really want. stuart: give me an example of an experience in a brick-and-mortar store that works. >> for example, our customers

that wework for in canada, they have been able to do their online marketplace to identify the customers were into baby products. >> they tried to sell baby products at no cost by bringing interparty sellers and then they took the best products and put them in the store creating an experience where shopper said that is great, it's actually things i need. stuart: do you have any doubt this holiday season in america is going to be the holiday season online to end all online holiday shopping? i just take it's going to explode. >> i absolutely agree with you. i take it's just the beginning but not the end of physical retail if they get their act together by finding the right way to balance being everything online and being great off line. stuart: i find it fascinating. may i ask where you're from? >> i'm from paris but i'm a boston adopted guy so i'm about the red sox today. [laughter] stuart: are you a citizen yet? >> i'm a resident.

stuart: you are a good man. thank you for joining us. >> thank you for having me. >> we are moving up, not much but 27 points up in a majority of the dow, 30 are in the green. wait for us bossman, we have the four nascar finalist who will be going head-to-head for this year's championship. they will join us in the studio next. next. can you believe that. look. only one thing's more exciting than getting a lexus... ahhhh! giving one. the lexus december to rembember sales event lease the 2020 nx 300 for $329 a month for 27 months. experience amazing at your lexus dealer.

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stuart: the nascar season down to the final race takes place sunday and miami. the four finalists are with a. they are here in new york city. martin tracks junior, the man with the beard right there. i got that right. kevin harvey, the man on the end. we have kyle busch whose name i know, and the young guy, most popular denny hamlin, the young guy sitting right next to me. denny i'm going to start with you. you have not yet won a nascar championship. why do you think that you sponsored by fedex at great cost is going to win.

>> we are good right now, we have a lot of good momentum and we just won the last week in race. nothing to lose. >> you are going to become an easily? >> no it will not be easy. >> these are the three best competitors that were here last year end they have proven that they are the upper echelon of nascar drivers. stuart: and you think you are going to win and you are going to beat them, i want some enthusiasm. >> of course we are. you have to pound the table. >> kevin harvick vick, you are the favorite, that is good. >> that is good. for us it's a fifth-year after the sixth being in a chair picture, we were able to win in 2014 so were excited to go back to homestead and hopefully win another one. stuart: kyle you will be racing at 20 miles an hour? >> 180 maybe.

stuart: that is pretty fast. why should i watch cars going around and around in the circle 180 miles per hour. >> it's exciting and big strategy involved of the sport and a lot of money that takes place as well. a lot of money up for grabs were not there to win the race and the championship and with our sponsors and everybody that is involved in our sport. it's a big industry. stuart: you know a lot about money. >> martin who has appeared on this for bot before. how much do you get? >> i don't even know. >> it's gotta be two or $3 million swing. between winning and losing. >> to win the championship it's gotta be worth. stuart: who pays you the sponsor or nascar? >> nascar. stuart: nascar patient? >> yes there is a point fund that we all brace for at the end of the year. >> who the troublemaker? can you be nasty when you go around the track, can you

maneuver can you do that? >> you should ask him. >> you can. sure. >> if you do someone wrong you gotta deal with it. >> through the years he and i have been told to tell on the racetrack and i think that's part of what makes nascar great. we want to win for our team, we he disagrees with the things i do in i disagree with the things they do. stuart: told to toe, really. can you swing a punch? >> oh yeah i have. stuart: that's why you're the troublemaker. we are part of the entertainment here. >> is it like hockey? >> it can be but we can't fight as well as they can in hockey. >> the other crew guys get involved too soon. stuart: if you're going around 400-mile, it's a quick race, what is it to our customer. >> it'll probably take three and a half hours to four hours.

>> we have pit stops when the car runs out of fuel or the end of the stage, there is to scheduled stops that are broken up into three different stages. it is almost like a tv timeout and other sports. stuart: no matter what the first person past the line, that person wins. >> at the end of the 400-mile mark, that is the winner. stuart: i really appreciate you being here, i know absolutely nothing about nascar but a genuine success. thank you very much. gentlemen, thank you for being here. the best of luck on sunday afternoon. total change of subject, jeff bezos, the richest man in the world thinking of buying an nfl team. what is it with billionaires and sports teams.

we have heard a lot of horror stories of people increases recently. why book a cruise, i'm asking the ceo of norwegian cruise is a little later on the show. california governor gavin newsom called out for corporate greed but he's been taking a lot of their money. we'll be right back. look, this isn't my first rodeo... and let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, . .

stuart: yes it is 10:00 here in new york. let's get right at your money. the markets have been open for 30 minutes. the nasdaq already hit an all-time record high. the day is record territory indeed and two hours from now president trump speaks at the economic club of new york. market watcher scott shellady with us right now. what, given your druthers, what would you like the president to say? >> i would like him to continue on the path he has been speaking about. we had a good solid economy. i will not say we were ripping the face off good but things have been solid. what jamie dimon said over the weekend on 60 minutes is right. the u.s. consumer feels positive

and constructive that will be good. it is 70% of our economy. all in all, stuart, i think things have gotten a tad better over the last six weeks. we got rid of some of the naysayers with the yield curve, what might be happening with recession, continue on the path he is talking about going forward with the economy. i think it will be just fine. stuart: on fox business peter navarro said the dow could hit 30,000 if, don't laugh, if usmca is passed. do you think usmca is that big of a deal? >> yeah i mean the numbers say it is that big of a deal absolutely and you know what? i like to think the market is out in front of it a little bit. the market ultimately think it it is passed, once it is passed that will support the market where it is at or drives it a little bit higher. it will not be a surprise to the market, something market rips higher because it is new news. the market knows it is there. it needs to come in to support it once it is passed.

stuart: scott shellady. we'll leave the you as market is up, dow up, s&p up, nasdaq up, all to the upside. new this hour, charles schumer was slammed on social media, when praising congressman peter king announced his retirement. "wall street journal" editorial board guy, bill mcgurn is with us. you're not allowed to say nice things about a republican these days? >> right. a fellow new yorker he has probably known for a long time. look, it is an unusual world where i find myself feeling sorry for chuck schumer, that doesn't happen often. in this case he should stand his ground. there's a mood out there for people to push back at this nonsense. i think the senator should stand his ground saying this is ridiculous. stuart: well, isn't this, this toxic environment. >> right. stuart: this is why we have impeachment. >> right sir, that why? >> i think so. people were out to impeach president trump before he was

sworn in as president, right? stuart: i think you're right. i was trying -- >> now they are where they want to be. i think this whole week is a farce. we know they're going to impeach him. the question what will happen in the senate. stuart: what will happen to the democrats from moderate districts. they will -- stay there for a second. i have to interrupt with what i call breaking news. dean foods filing for chepter 11 bankruptcy. first of all, what brands? lauren: major milk producer. every mother buys for kids. trumoo. other brands. filed for chapter 11 bankruptcy, in talks to sell to a cooperative, daily farmers of america. the reason? we're not drinking much milk. milk production is down a big way. no matter how they tried they can't up the numbers. we're doing plant based, soy

milk. almond. stuart: thanks very much, lauren. norwegian cruise lines debuting a brand new ship. it is technologically advanced. i will bring in the frank del rio, the ceo of norwegian cruise lines. have at it, give you 60 seconds to make a commercial about this new ship. go. >> good morning stuart. thee same over from the shipyard in germ think where she was built. 170,000 tons, our largest ship in the fleet. over 5000 guests enjoy wonderful amenities, stuart. 1100-foot long racetrack, atop the vessel. double-decker. two turns, are cantilevered over the top of the vessel. 10 cars can race 40 miles an hour. it is incredible. game room with virtual reality known to man.

15 longses, las vegas type casino, spa, entertainment, and great suites. we take you to the wonderful places around the caribbean. she will be back in new york in the spring to take tri-state area residents to bermuda day, you have got 20 seconds to answer this question. you must be very confident about the future of cruising. you must be very confident a lot of americans still want to take cruises? >> i am. this vessel $1.1 billion vessel. i have 10 more on order. the consumer is strong. i hear talk about recessions in different pockets of the economy. that may be true. but i'm here to tell you we know empirically that the american consumer is alive and well because of advanced booking window. people book cruises eight to 10 months in advance. we're ahead of booking, ahead on price, versus this record year. i'm guess not guessing that the american consumer strong. i'm telling you with empirical evidence it is on the books.

they're strong, getting stronger quite frankly. stuart: that was a fine commercial, sir. that was just outstanding. next time i will charge. frank del rio, norwegian cruise lines thanks for being here. >> thank you, stuart. stuart: a billion dollar ship, 10 more on order. how about that one? let's go to pg&e, california utility, offering compensation to fire victims. how much? susan: 13 1/2 billion dollars according to bloomberg. they were supposedly responsible for catastrophic wildfires in california, 2017 and 2018. $30 billion this is the largest bankruptcy for any utility in history. stuart: offering 13 1/2 billion with a liability of well over $30 billion for the fires. susan: pimco and elliot management will take over the utility, offering something similar to 13 1/2 billion dollars as well. if you add it together, $30 billion for total

liabilities. now the governorship, newsome might be taking over pg&e, saying the government should take it over given how ineffective it is and how dangerous it has become with fallen power lines. stuart: i have something to say about that. susan: sure you do. stuart: dow industrials up 40. record high for the nasdaq a few minutes ago. this market is up. now this. well what caused california's devastating fires? governor gavin too knew some blames climate change and the utility pg&e pg&e, dog-eat-dog capitalism he went on. about corporate greed meeting climate change. it is about decades of mismanagement, focusing on shareholders and dividends. he pushed all the right far left buttons, didn't he. corporate greed? climate change? they should have seen it coming. however it turns out that governor knew new some has been

taking money from pg&e. the utility gave his campaign $227,000 over two decade period. pg&e employees gave 70,000. 25,000 paid for newsome's inauguration and mayor of san francisco. 25,000 went to support his favored ballot measures. there is more. pg&e gave 358,000 to a non-profit founded by jennifer new some, the governor's wife. the utility gave 10,000 to a charity led by hillary new some's the governor's sister. the governor and his family have been taking a lot of money from a utility they consider the epitome of corporate greed. that is contradiction or hypocrisy. you choose. the governor claims decades of mismanagement by pg&e, even though the utility is subject to intense regulation. the state tells them what to do but it is pg&e's fault when the state's rules lead to

catastrophe. california is a one-party state. republicans are nowhere to be seen. the result is a state where irrational climate policies hurt everyone and where a utility, despite buying influence is driven to collapse. one last thing. former governor jerry brown gave back some of the money pg&e had given his campaigns after it failed to prevent a pipeline explosion that killed eight. will governor new some now do the same? come on in, bill mcgurn, "wall street journal" editorial board guy. you heard what i had to say. what have you got to say? >> absolutely. one quibble, you said corporate greed or hypocrisy. this is standard operating procedure for modern american liberalism. your point about greed is well-taken. this is a regulated industry where the profits are regulated, right? there is no profits now. they're in bankruptcy. so the idea they're putting profits above safety, it is more accurate to say putting green policies above safety.

they let a lot of stuff be neglected. they're paying the price. one thing is pretty certain. anytime the solution is gavin new some, you know the problem will get worse. stuart: oh. that is nasty stuff. mcgurn, you're already. shellady, as in scott, what do do you have to say about it? >> never fear the government is here said no one ever. that will not change. he can't take it back, lose all the money from the beginning, number one. number two the dog whistle of climate change, it is getting older and older. did you see what happened this week. they were called out 11,000 scientists said we're on climate catastrophe. as it turns out 11,000 people signed a petition on line. they weren't scientists. nobody walked that back. all into a tizzy what might happen with 11,000 scientists because it has to do with climate. it turned out 11,000 people signed an online petition. this will continue to be case.

he is fallen for it, hook, line, sinker. talking about one-party system. nothing will change. let them take it over. it will only go downhill. stuart: scott, good stuff indeed. where are you? you're there. big day for disney, the streaming service disney plus launched today. i will talk to an analyst who says disney plus, the launch, is the only one that matters. how about this? jeff bezos considering buying an nfl team. i saw sports teams are the play things of billionaires. i will break it down with brian kilmeade later thi mexico is losing hands down to drug cartels. mary anastasia o'grady is next. ♪.

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stuart: in advance of the president's speech 12 noon eastern time. the dow is up. 27,700. the s&p hit a new all-time high a few moments ago. that is another one. nasdaq right about 9:35 eastern time as the market opened, that was another all-time record high. this is a rally across the board. disney, it responded to that glitch affecting disney plus which was launched today. they say demand is high. they're working to fix the glitch. the stock is up two bucks, 1 1/2%. now this. an opinion piece in the "wall street journal" is titled, mexico loses its sovereignty to cartels. the author is mary anastasia o'grady, frequent guest of the program. seems to me the cartels control and run a lot of mexico. >> that's right. stuart: my question is, did we in america help build the cartels? >> well, stuart we have a big

drug abuse problem in this country. when you spend that money, if it is illegal, by definition the money is going to the pockets of criminals and, the council on foreign relations recently released a report that said americans spent $150 billion on these illegal narcotics in 2016. stuart: not all came in through the mexican border? >> most is coming through the mexican border now. how much is going back? we don't know. mexican official told me in the mid 2000s, at least $10 billion a year was going into pockets of criminals. they buy all fast planes and technology and judges. stuart: illegals, the coyotes are running people through the border? >> most illegal cartels, they're called international crime organizations, right? they're in drugs, that is where they get a lot of their revenue. but yes, they have, diversified their businesses into other

things for sure. so they're criminal organizations. stuart: what are we going to do about this? what can america do about the cartels which now control mexico? >> well, there is a whole list of things we could do. we could help the mexicans. i know the president said we don't need intervention. most component fighting cartels and fighting the underworld is intelligence and this president, lopez obrador, weakened the intelligence organizations in mexico. he got rid of the old one in place because it was corrupt. he brought in a new one. i don't think they're doing a good job. intelligence would be probably the most important thing. more than guns and -- stuart: no, no. you will not like this. >> you want to build a wall. stuart: build a wall. build a bloody great big wall you can't get through. it will take you an arm and leg to tunnel underneath to climb over the top of it. that would do a lot.

>> stuart, i've been telling you watching this drug problem 25 years, markets work, okay? there is a strong attraction for these drugs. they come in by ships. they come in through ports of entry by the way. they do not come in where there is no wall. they come in through the ports, smuggled in trucks. they come underground. they come by plane. all the experience we have over 70 years of trying to fight the war on drugs is that's where there is strong demand, supply will meet demand. you're a market guy. you understand how the market works. there will be money attached to it. that is exactly what is happening in this prohibition environment. stuart: i do know how walls work as well. >> a wall will not solve your problem. stuart: we'll agree to differ. shall we do that? >> sure. stuart: mary anastasia o'grady. thank you very much. >> thank you. stuart: now, wait a minute there is one other subject i want to raise with you. no, i don't have time. i have to go to a break. i want to talk about bolivia.

i can't. to me that was huge defeat for communists of cuba and venezuela. >> big defeat this was a grassroots movement got rid of this guy. stuart: big deal. i wish we had more time. blame me. >> i will come back. stuart: please do. chicago considering taxing your uber rides. uber said it could raise ride prices by 80%. we'll break it down for you after this. we're carvana, the company who invented car vending machines and buying a car 100% online. now we've created a brand new way for you to sell your car. whether it's a year old or a few years old, we want to buy your car. so go to carvana and enter your license plate, answer a few questions,

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stuart: chicago proposes a tax on ride-hailing services. grady trimble in chicago. how much do uber prices go up if they levy this tax? reporter: you love this, stuart, there is already a tax in place.

the proposal is a tax hike. it is 72 cents per ride no matter where you're going, except the airport with, which is five dollar fee. some rides into and out of downtown, from 72 cents. the tax would become $3. uber is pushing back against this the company sent an email out to riders including myself basically saying this is the highest ride share tax in the country if it goes into place. they also included a link to the city's twitter account so you can tweet at them to voice your opposition. on the city's side they say this would reduce congestion in the downtown area. they also say the city has a huge deficit, an estimated $838 million. they say this tax would bring in additional $40 million a year. it would help out, they say. but uber says they're trying to fix their books on the backs of riders in the city. stuart: indeed. grady, if it moves tax it. grady trimble. in chicago.

scott shellady is still with us. i believe he is still a chicago kind of guy. what do you make of the new tax on industry? >> it just doesn't matter, stuart, if you have a spending problem, stop spending. they have a pension problem in chicago. that problem will continue to balloon year after year. this 838 million-dollar hole grady is talking about will only get worse the next year and year after, year after. they can tax themselves to death it doesn't matter. people will leave the state and the city because it has gotten out of control. they're doing equivalent of rearranging the deck chairs on the titanic. there is no way out to get rid of the pension problem. they don't have the stomach to do something about it. stuart: tell it, scott. thank you, scott. big day, disney plus launching today. a guy that says this is the biggest launch of all the streamers. remember our feature on students

at southern methodist university who are investing in the market. we have an update and it is tied to walgreen's. find out more after this. ♪. ( ♪ ) ( ♪ ) the enchanted disney fine jewelry collection. with exclusive bridal styles at zales, the diamond store.

♪ back in the ussr stuart: susan, you know this, don't you? susan: the lyrics sound great. stuart: you never heard this before? susan: anyone else? anyone? stuart: yes. kristina partsinevelos knows it well. you know all the words. you have all the dance moves. i have to move on, i'm dying here. check out the big board. it is a rally sports fans.

we're up 72 points. the president speaks on the economy in what, 90 minutes? the dow is already up 73 points. maybe the market thinks he will say something good. we're carrying it. staying on the british invasion theme, the uk's labour party said it had a sophisticated and large-scale cyberattack. attacking politicians? susan: remember when the dnc was hacked during the 2016 election? the labour party said they were subject to major cyberattack on digital platforms. there was no data breach. i'm not sure how much matters because of how many jeremy corbin emails do you want to read? stuart: interesting. susan: depends on brexit, how they vote. stuart: is the labour party, the socialist party, are they saying who hacked? susan: they don't know actually where it originated from. they don't have any specifics

but it was thwarted. no data breach was given out. stuart: i'll tell you this. jeremy corbin will lose the general election on december the 12th. susan: that is what a lot of people think. stuart: is that what we hope, susan? susan: where does the labour party swing when it comes to brexit? that is interesting. stuart: they're split. totally different sited party on brexit. boris johnson conservatives want out. disney plus. bob iger is busy since he took the reins. i don't know what that is all about. they corrected glitches. >> they're trying to work on it. they're working on it because it is so successful. so many people crashing the website right now, trying to sign up. they're working on it. we don't know that yet. we don't know the actual numbers. stuart: remember when obamacare came along? that crashed a from the get-go. couple outages from disney plus

is not bad. >> it isn't for everybody. some have access, some can't. bob iger, the 68-year-old man ceo for 15 years that is his legacy? that is what we want to get to. what will he be known for? look at streaming. he purchased all of this, lucas films, pixar, marvel, 21st century fox recently. in 2016 he actually wanted to buy twitter. they pulled out last minute. he doesn't regret pulling out for that one. i want to focus on bam tech. they spent $2.6 billion to have controlling stake in bam tech which is a streaming platform that helped them launch the disney plus. stuart: bam tech? >> if you want to know, it shows how bob iger is focusing how to transition the company, a 96-year-old company into the future that involves streaming. just on the screen we saw, the competition is fierce. so many other platforms out there with disney plus today. espn which they only launched

back in 2018. this is for sports. they can't even show nba or nhl on there. they can show ufc fighting. there is lot of sports missing. hulu, when you bundle all three it, will cost 12.99. what will everybody say? are americans going to switch to the platform? on average, 3.4 services. we're willing to spend $44 a month according to a "harris poll." americans will decide. viewers too, will they switch to disney plus? stuart: i think bob iger will go down as the best ceo of corporate america this generation. i would go that far. susan: 14 years. stuart: what he built at disney is absolutely stunning. >> will there at least to 2021 that is according to the contract when they took over 21st century fox. stuart: he is good. look at the stock. i remember it back in the 30s. now it is 138, almost $140.

kristina, sorry i messed up the first question. great report. >> no. stuart: he thinks disney plus is the biggest deal out of all the streamers. make your case young man. >> bob iger strategy was go all-in and scale disney plus. we're seeing that on three fronts unfolding, content, distribution, advertising. on the content side, if you clearly believe content is king, disney own castle. 4,000 movies, 7,000 television shows and $2 billion invests on marvel, pixar and "star wars" television shows highly anticipated that stands in stark contrast for example, what we saw from apple, which is 12 tv shows, one movie. when you see that, you see the hulk sized competition they have on the content side.

stuart: apple is a streaming service. you buy into it, you're sucked into the apple ecosystem so to speak. pretty much the same story with amazon. you get into prime, amazon prime, and you are sucked into amazon's ecosystem. what am i sucked into if i go with disney plus? >> disney knows the consumer better than anybody else and what they have done from a distribution standpoint is brilliant. you are not sucked into anything. they signed distribution deals with all the platforms, with apple, roku, with amazon. disney will be available everywhere. they have a phenomenal deal with verizon for example. 20 million verizon subscribers get disney plus for free, which is actually huge because mobile streaming. a rapid accelerant stuart: real fast, can disany sell, make money out of the information it collects from subscribers to disney plus? >> absolutely. advertising side you have to remember the bundle we talked about. disney is bundling the hulu

advertising space with that bundle. they will have a strong play to grow the advertising side of business. leveraging excitement for disney plus to drive the advertising for hulu. stuart: maybe you had some effect. dallas. the stock of disney went up to $139. $2.30 while you were speaking. not bad at all, young man. we'll see you soon. >> thank you. stuart: kkr, made an offer to take over walgreens. this is all wrapped into your -- lauren: i went to southern met think of the university. i spoke to cox school of business. they had millions of dollars to invest. this is the one of stocks they bought. walgreens boots alliance the 55 a share and now at 62 because of this report kkr is looking to buy them out. so. stuart: so your investors were successful. the secondary story is that these big invest firms want to

take out walgreens? lauren: they didn't book profits just yet. i will give you some student thinking about all this roll the sound. >> information we believe that walgreens is a really good long-term value buy due to strong brand name. it is immune to the economic cycle. it provides goods people always need no matter what within consumer staples. the historic dividend performance backs this up. we believe it has potential to grow in the future in this area. lauren: it has a lot of challenges, if you take them private it has time to deal with challenges, generic deceleration price. using vertical integration where they become more of a health care company. amazon is eating sales away from sales in the beauty department. if they book the profit, get another buyer comes in here, like a berkshire hathaway or something. stuart: separately, i'm intrigue ad number of big companies whose stock is no longer available to

the general public. lauren: that is one of the issues for the class. in the decade since they have been doing this investment program with real live anything, real live money, there are so few stocks to invest in 2019 than there were even five years ago. stuart: used to be wilshire 5,000 companies. now the wilshire 3,000. not even that. it is shrinking. susan: rise of private equity. this is 55 billion-dollar leveraged buyout if it goes through. stuart: 55 billion. pretty soon you're talking real money. how about this one? this is for kristina and for susan. canada's top hockey analyst fired for saying immigrants should respect veterans. where is the free speech in canada? we're all over that with brian kilmeade. and next, anheuser-busch is buying a kraft brewery, buying it out right in full. the stock is soaring. not anheuser-busch.

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trust aag for the best reverse mortgage solutions. so you can... retire better. stuart: we have an update on the situation and condition of president jimmy carter. he is recovering after under going surgery to relief pressure on his brain. the carter center says there are no complications from the surgery. he will remain in the hospital for observation. all of us wish him very well. craft brew alliance, the stock up 120% since the anheuser-busch full acquisition of this company. i want to bring in gerri willis from the new york stock exchange. the craft brew alliance, what brands do they have? >> kona, omission, red hook, cisco. these are all craft beers americans are choosing over and above lagers of company

anheuser-busch makes. craft beer sales are rising at rate of 13%, comprise 13% of the market, rising rate of 4% every year. lager is flattening out. ambev is seeing declining sales for years in the u.s. of a. they are paying 16 cents a share for every part of craft brew alliance they don't already own. soaring 120%. very frothy i would say. back to you. stuart: i would assume, gerri, anheuser-busch gives delivery and service to craft brew alliance. >> many brands are being distributed by the company. that is already happening. this will put pedal to the metal on that strategy. stuart: gerri, thank you very much indeed. staying on this, steve beaumont is with us, a beer expert, author after the book, "will travel for beer." steve, looks like the little guys can't get the product out.

the big guys can't sell their own product so they're buying all the little guys. i presume this will continue, right? >> i'm sure it will. this is very much in step with what anheuser-busch inbev has been doing the last decade or so. decades, nine years ago, anheuser-busch inbev did not even own a single craft brewery in the united states. how it has a a giant portfolio with the addition of cba will vault them over the boston beer company as the largest producer of craft beer in the u.s. stuart: how about that? let me ask you this, stephen, do you drink bud? would you travel for bud? >> no. short answer is no. budweiser has lost its cachet. the brand has been declining for years as your reporter said. it is now fallen out of the top three in the u.s. beer market. so you know, budweiser has lost

its panache whereas something like kona, which is the real star of this deal, kona has such a good lifestyle of impact, it fill as niche in the portfolio, something i expect abi to really start pushing. stuart: do you have a favorite beer and if so, how far do you have to travel to get it? >> because i write about beer professionally i don't, i'm not allowed to have a favorite. stuart: oh. okay. >> i will however, travel to the ends of the world. i'm also the coauthor of the world atlas of beer. i've been to china for beer, got back from ace straw yay a month ago. that type of thing. stuart: do you like sintao. >> that is interesting beer i don't think it ranks among the world's greatest beers. the chinese companies including sintao are breweries expect to see in the acquisition market coming down the line. stuart: when i lived in hong kong, i used to desantis

miguel. do they still make it and do you like isn't. >> they make san miguel for sure. is it one of the best beers in the world? no. a dependable lager i would say. stuart: one day we will have you back on the show, we'll release you from professional obligations and tell us your favorite beer worldwide. i'm guarranty not red draft barrel in london, am i right? >> did you know they're making that again? >> oh, no. >> they have brought it back. stuart: i remember i lived in london in the '60s. i remember seeing a truck like a tanker truck pull up to a pub, big hose pipe go down into the cellar. that was what draft red barrel going into it. never drank it again. stephen beaumont. >> made famous by monty python. stuart: you have to come back soon. >> happy. stuart: developments here, disney plus issuing a tweet in response to those glitches affecting it, affecting disney

plus's launch. quote. you really went to infiniti and beyond. the demand for disney plus has exceeded our highest expectations. we're so pleased you're excited to watch all the favorites, we are working to resolve any current issues. we appreciate your patience. was that addressed to us? susan: no, addressed to glitches people are to get on. stuart: i thought it was us. all right. susan: myopic. stuart: apple store, you know it is more than a shopping trip, it is an experience. coming up in the next hour, we'll talk to the man who was behind the iconic design of apple stores. we'll be back. ♪. i am the twisting thundercloud.

i am royalty of racing, i am alfa romeo. ♪ ♪

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stuart: juul says it will cut costs almost a billion dollars next year. under pressure. susan: 16% of its workforce. 650 jobs will come with it. they swelled their workforce to 4,000. they were adding 300 workers each and every month. as you know they stopped selling the most popular flavor which is menthol. they are subject to a lot of

federal investigations as well. that means in the future they might be under regulatory control. they would need federal approval in order to sell any flavored products in future. stuart: another hit on vaping. joining us live on the radio, brian kilmeade, host of the "brian kilmeade show" and we're joining it. a report that jeff says soes amazon guy, super wealthy, thinking of buying a nfl team. this is something only super-rich can do, right? >> true. the most successful franchises are the most lucrative. i'm not sure they want to let him into the club. when jerry jones came in, started changing the rules, nobody knew what he was about, if you're coming in there to be the most powerful man on the block, one of the most powerful bunch of owners in the world, i'm not sure he gets in. they ultimately have to approve him. i guess they have to give a reason not to. i know what redskins fans are

opening. they hope he buys the redskins because they have the worst owner sports. they hope for some reason this rich guy decides he can't win and throws it away. stuart: wait a minute. bezos is supremely wealthy. the man is worth heaven knows how many tens of billions of dollars -- susan: 100 billion. stuart: 100 billion. if he bought a team, could he pump as much money into it as he wants? could he buy the best team on the planet, can he do that? >> it has to be for sale. like your business of buying leveraged companies. stuart: in the nfl are you allowed to pump in billions of your own money to buy the players best in the world. >> no. they have a salary cap. 1980 san francisco 49ers were the best team. steve young, maybe second best quarterback in the league to have him back up joe montana. that would never happen today. they have the best players. flew them on vacations. stick around here. free agency wasn't big.

now you have a salary cap. it is really an art. it really is, taking a puzzle piece, putting it together. you want a big piece? that is a lot of your salary. tom brady gives out money to get other players. aaron rodgers says the same thing. you can make the locker rooms great. you can provide limo service or do something else. i mean, mark cuban, one of the first things he did when he bought the dallas mavericks, he did a locker room. set up audio video system in the locker. i will treat you guys great. play hard. within a few years he had a world title. my question with jeff bezos in the room, everyone else is a junior partner. i'm not sure the egos could handle it. you and i could handle did, someone worth more than us. we're very itch. that would never happen to us. what bothers me from your segment, you get help from your panel. you never had to get help from your panel before. stuart: they never said a word. brian. >> i hear them in the

background. stuart: they're yelling at me. susan: told him how much bezos was worth. stuart: 100 billion. have you heard about this, brian , when 5g arrives, betting online, you can bet on individual plays as a game progresses, have you heard about this? what do you think about it? >> what they're worried about, bringing technology into the stadium if you want to do that you have to be there. people are not going to the games. so much entertaining to go to the big thing over sports last couple years. i'm not a big gambler. everyone has a gambling show. the guys used to sit in the back, shot shave or shower for years. they're featured guests on espn shows because they're great gamblers. this is really changing the landscape. fantasy football, wasn't that nice for the kids to play? it is so lucrative, it is big deal, people show up, not cheering for a team, they are cheering for players on the fantasy team. it meant a lot of money.

sports and gambling is, sports and gambling, so much more dangerous, so much more. stuart: can you answer in 20 seconds what do you make of don cherry, canadian tv hockey analyst, a legend after he said immigrant don't respect veterans? >> 85 years old. known for rants. for 40 years a very successful coach. i cannot believe at 85 there wasn't a better way. they commemorate veterans day with possiblepies on buttons. they didn't see, a lot of new immigrants. we jump to conclusions on that. my goodness he is a god in canada. might there have been a step back a suspension, a talking to? please. stuart: take your pay away couple weeks. >> as long as he doesn't wear black face he could still be prime minister. stuart: dear me. brian, time's up. >> i really enjoyed myself. very good show. stuart: viewers love. >> you my listeners love you. stuart: that is incredible.

susan: you're sharing. stuart: marriage made in heaven. brian and stu, perfect together. i love it. see you soon. next case, president trump is in new york city. he is been an hour away from giving a very big speech on the economy. i think he will lay the groundwork for his re-election. that is what i think. you will hear my take in a moment. the white house's new christmas ornament is out. we'll have it on the set. not what is on your screen. believe me. the ornament will be with us shortly. ♪. aetna takes a total approach

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medical costs. and health coaching and fitness memberships to help you age actively. so you can be ready for what matters most. aetna medicare advantage plans call today. we'll send you a $10 visa reward card with no obligation to enroll. or visit us online at aetnamedicare.com/tv. but shouldn't somebody this is be listening?pression. so. let's talk. we're built for hearing what's important to you, one to one. edward jones. it's time for investing to feel individual. stuart: the washington, d.c., forget impeachment, president trump is in new york city and about to make a very important

speech on the economy and he's talking about your money in the year to the election per he may move the market, he may move the political needle to because a strong economy helped him to get reelected. pull out all the stocks to keep the good times rolling per he speaks in roughly one hour, we have not yet seen as transcript of what he's going to say but there's a lot of speculation starting with trade. why the president will delay imposing tax on european cars. that would be a big deal. and news on phase one of the china trade deal. he says when and where it will be signed, the market will like it. but who knows, mr. trump might make boris johnson's likely we went. that would open up a big trade deal with the brits. the president is building up to the election, he could dangle tax cuts in front of voters. he will surely contract his tax cuts with a devastating multi trillion dollar tax hike by his

opponents. this is going to be big. the day before the impeachment circus arrives in the nation's political capital the president goes to the financial capital to talk prosperity how he created and how he will keep it going. one point, yesterday professor told us why president trump should not be impeached and removed from office. today the president will tell us why he should be reelected. this is the third hour of "varney & company". we are just getting started. stuart: i have a lot to say about the president's speech. come on in jason cass, managing director at ups. i think the president holds the key to the market with this week's today. >> i think today is going to amount to a victory lap frankly. i'm not so sure he's going to go down the road of addressing auto

tariffs, i do think he will address trade but in a constructive way the heading into the election, you will see more of a victory lap of what has been accomplished. >> what can we say that will move the market up her presumably something about dina trade. >> i don't but i think you will and his victory lap address of the stars have really aligned and perhaps you will not address that there is light at the ends of the break the tunnel but there is. and he will articulate a pathway to a trade you. and in pointing to the economy, we had small business survey today, better than expectations and this past quarter, we had less bad earnings. the first year over year decline since 2016 but expectations were meaningfully worse. stuart: i think you will lay the groundwork for his reelection which means lay the groundwork of continued prosperity. i think the speech will be positive.

would you go that far? >> we are certainly not going to be negative. i don't think this is the platform to pick another fight, there will be a time and place for that. i do agree with you on that point. stuart: your company, ubs, you looked at some of the wealthiest people in the world whose money you manage i think, are a lot of them saying watch out here comes a big stock market selloff? >> you do have it right. there are actually two surveys, one was a billionaire survey and i wish i had more of them, but the billionaire is constructive looking over the long term and you think about the billionaire and how they are so focused on the long-term planning great risktakers and as evidence over the last 15 years the company that they lead, publicly traded companies have outperformed the world index by twice the performance. around 18% versus 9% of

companies led by billionaires. with respect to the civilian investors. stuart: let's deal with the billionaires first. are they expecting a market decline? and taking action? because i think a market decline is coming. >> across both of our billionaire clients and civilian clients, there is a degree of caution. and there is 60% of them that are suggesting they are going to raise cash. but it's focused on the long-term because when asked about the outlook over the next decade, they're all very constructive. stuart: i want to look at what peter navarro says on fox business, he said it last night. he was talking about whether we get usmc, if we do he would say this is what happens to the dow industrial. just for the sake of our viewers roll the tape. >> if we can get a couple of things like usmc past and maybe a german fiscal stimulus in europe and dow in the 30000,

life would be good in america. >> while, dow and the 30000? try running against that. stuart: that was trish regan, our own, 30000 on they're down if we get usmca. what is jason say to that? >> 30000 will be a 7% return from these levels. which is within reach if we have 10% earnings growth which is looking for. we are looking for around 5% or 6% earnings growth so that may be an ambitious target. usmca is largely in the bag. i'm not so sure that the democrats want to hand the republicans or trump a victory or pelosi may want to demonstrate that there is an ability of bipartisan and get something accomplished pre-but they want the usmca along the consistent. which by the way we do the mass into vast majority of our trai e in mexico and 8% with china. but there's far-reaching

applications and the domino effect as far china is concerned. stuart: if we get usmca i and a 5% or 6% gain in profits, do we get down 30000? >> 5% earnings growth does not quite get us there, you get close to 10% earnings growth in the context of a benign inflation in environment, that's an achievable target. stuart: a very welcome target. thank you for being with us. a couple of individual companies of stocks that are making news i'm going to start with ali baba. this is talking about the single stay in china, ali baba brought in total sales of $38 billion, that was in one day, 24 hours, 38 billion. ali baba rival is amazon, something else going on there. they're getting ready to launch a new grocery store brand, not whole foods, not a cashless store, something else again, the market likes it, amazon is up

$1784. here is boeing, taking a slight hit today, they reported net negative orders for 2019 obviously the 737 max weight on that number, the stock is now down 1%, 362 on boeing. i have a tale of two stories. in washington, the focus is impeachment, public hearing start tomorrow. here in new york, the financial capital, the president is focused on the economy and how it can help them in 2020. he is laying the ground work, as washington versus new york, politics versus the economy. we are all over it. this is the third hour of ernie and we are rolling along. ♪

stuart: southwest may be forced to ground 38 jet, what happened? >> they passed inspection and it may be 49 it may not have been properly inspected so the faa is saying were going to come around and the quality of inspections may have been poor. within the past two years, two crashes on this particular model, the boeing max 737 killed 346 people within a six month timeframe of one another. this is on the consumer's mind, i know people would with a book a flight they make sure it is not a boeing jet, we cemented the evolving grounded until the beginning of the year. and there are people that are so anxious about flying that they double and triple check, we know this hit boeing, southwest has purchased the most, the most exposed to this particular model they ordered tons of them in

2013 - 2017. stuart: you would check? >> yes i would check i'm an anxious rack and i would change the airline if it were that model. stuart: i am the exact opposite, i'll get on any plane at any time in any weather condition because all i want to do is get there. >> wouldn't you be interested in getting there, what are my chances getting there versus not getting there, wouldn't you want to make the calculation for yourself? >> the other always in favor of getting there. >> would you fly with your family on a 737? stuart: yes i would. you can save the terrible thing because i'm putting my family on raising the risk level. i don't see it in those terms. just get me there. >> it looks like you been pretty lucky so far, it looks like you have a good run of luck. stuart: doing all right. moving swiftly along, craft brew

alliance. that is a smaller craft brand that has been completely bought up by anheuser-busch, look at the stock is up 120%. the question is, are the big guys like anheuser-busch going to buy up other small brewers, good question. i see that happening as we drin- >> people are nervous about carbs, they don't want carbs or sugar and a lot of the beer makers are actually feeling it. we talked about why call. stuart: do you check the card content of a beer before you drink it? >> personally but i do not but they have altogether switch their drinks, we talk about why call a hard sell to get to go for summer. so pieces are changing look at burger king owned by restaurant

bands. restaurant bands international are testing three new fake meat burgers across america using their impossible foods. they are also bringing the original impossible whopper over to europe. it is not a passing fab, it is here to stay for the looks of it but the stock is not reacting it's down .5%. impeachment, public hearings begin tomorrow, stock, former wisconsin governor, i don't see grounds for impeachment, why are we doing this? >> i think it's about fundraising, nancy pelosi talked for quite some time about the fact that she did not think it was proper, thought it had to be bipartisan, it's not any of those things that she announced the inquiry before she actually saw the transcript of the call itself. this is about abundant pressure for pelosi and others in the house to raise money off the

masses in the forefront left will only give money and support candidates who support impeachment. in the end this will fail and be a big flop and will backfire in states like wisconsin which are key to not just the presidential election but the key to keeping the house for democrats or picketing up for republicans. stuart: let me get to the central issue. should we be trying to remove a president on the basis of the phone call to ukraine, alan from harvard told us on this program yesterday, he has not broken any law. he has not committed a crime. do you see it that way? >> i take it a step further, imagine for a minute the vice president of the united states is not running, joe biden is not a candidate, he's a former vice president. i think it's legitimate on the surface to say why did a guy when he was in office, reclaim on video that he was holding up, not president trump but vice president biden at the time was holding up aid to ukraine until

they got rid of a prosecutor who happened to be looking into amongst other things a business that his son sat on the board of which many would argue without any real expertise in the issue nor the subject and put that aside, that in itself most americans would say it's a little bit gentlemen think to look into, the democrats are corrupt somehow because he's a candidate. but if he was not a candidate you could ask the same question and it would be perfectly fine because the problem is not is what president trump did it's with the bidens did. stuart: you had a dispute with twitter about a christmas tree. just lay the story out for me. >> the new governor of wisconsin calls it a holiday treat and i for yourself called a christmas tree just like i called the menorah candle, a menorah candle not a holiday candle when i lit that celebrating the festival of light during the precursor to hanukkah. this is so ridiculous that not only do politicians kowtowing to

the left and being politically correct, you now have twitter looking into completes for people who are triggered because wakulla christmas tree what it is. it is a christmas tree. merry christmas. that was my response. stuart: this is astonishing. you have all this about calling something a christmas tree. i am astonished by it. >> the irony is, the governor who called a holiday tree is the same cabinet member of the agency that supported his ministration and put out a notice that fresh christmas trees will be cut and distributed out there and i personally will go get a good wisconsin christmas tree, that's what they're called, they're not called holiday trees. and that's what the holidays are for when you celebrate christmas or hanukkah or any other holiday. go out and supported. stuart: at least we can laugh about it. thank you for joining us. staying on the christmas tree market pray the white house has

unveiled the annual christmas ornament. we will have it here on the set. you can see it right there, a little obscured but that's the white house christmas ornament, made in america. we have one for you. we will show you. of course are waiting for president trump's speech on the economy. he could move the market, he starts in about 42 minutes. we will be back. ♪ ♪ ♪ (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back,

stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums with tums smoothies. peyton, what abrad, welcome to peytonville. what's this for? song inspiration. i started in my garage, but nationwide protects so much i had to expand. nationwide helps protect everything you see in here, brad. every family, every business, every dream. see mrs. hoffman? nationwide protects her home and car, but also her dream of retiring to become a yoga instructor. oh, they have backstories. of course they do. here, i got more to show you. keep up, now. a little hustle. with medicare advantage plans that offer health coaching and fitness memberships. plus hospital, medical and prescription drug coverage in one simple plan. with monthly plan premiums starting at $0. and wide provider networks, including doctors and hospitals you know and trust. aetna medicare advantage plans call today.

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is up today. netflix is retreating, 292, down a dollar and 40 cents. also but, as in google about $1300 a share of again of over $7 as we speak, one stock not on this list is microsoft that has hit new highs today, you are laughing because i own a little bit of the stock in microsoft is up about a dollar close to $170 a share. i know it is early and i know it's mid november but we're going to talk about christmas because -- not yet, edward lawrence, i thought we were going to talk about our christmas ornament and were not. the becausthe president speaks 7 minutes, has there been any leak at all, any idea what he might

say. this is a very important speech. >> he is expected, there are some things he's expected to talk about, he's expected to say that his tax cuts have sparked the largest recovery in u.s. history, now in the 11th year. he will also talk about how he's looking for fair and reasonable trade and try to push for that for the united states, it will be a u.s. first policy when talking about trade going forward, he is expected to blast democrats for holding him back saying there are more important -- is more import for them to go for impeachment then ratify usmca. that is something that he said could spark this economy and keep it going and possibly where the dow is right now, boosting further than that. stuart: were up 60 points. stay there i want more and just a moment. i'm moving away to the subject which introduced that are connected to, mid-november, that does not celebrat stop us from e christmas of fab early. we have a new christmas orname ornament, that is a goldplated marine one, that is the

christmas ornament for the white house. the president of the white house historical association. , a marine one helicopter as a christmas tree ornament, i have to believe that the president was behind that one. >> well actually, mrs. reagan started our ornament program in 1981 in each year we feature a different president sequentially in this year's eisenhower who is the first of a president to use a helicopter for presidential travel. so what were depicted is a 1957 helicopter the eisenhower used in the actually used army and marine corps, he did not want to show preference one bridge over the other of course now it's evolved to be just marine one, a site that is very familiar but most people probably don't know it was eisenhower who started it. stuart: i find it a little strange that a military helicopter, it is kind of a military helicopter should be on a christmas tree, any comments

on that? >> the stories that we tell to these ornaments going back to 1981 tell stories of white house history of all times and certainly presidential travel is one of them. we depicted the first automobile that the president used. in a helicopter is very common today because there was a time when there was a first and that was with eisenhower. stuart: you have a good name, wrongly spelled and your diplomat. [laughter] >> were very proud of this privilege of this ornament. stuart: integrate ornament. thank you very much. the market is waiting definitely for the president trump to speak on the economy. he is in new york and that's where he will address in 34 minutes from now. edward lawrence is with us, any leak, i know what he is expected, we have to go to break sorry. go to break.

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stuart: half-an-hour to the president's big economic speech in the market is up. let's see if it stays there. edward lawrence is with us, he is going to be at the speech and i want to discuss what this speech is not going to be.

>> he is going to talk about trade but not specifics related with china in terms of what trade tariffs are coming off. we are probably not when you get the specifics. also not specifics about auto tariffs on wednesday. tomorrow is when the deadline for the president to decide if he will use section 232 tariffs report out of the commerce department to impose auto tariffs, it could be delayed and were also learning there is a second report on auto tariffs coming out from the u.s. trade representative's office which will be delivered by tomorrow, that could also mean more targeted tariffs, again the president awkward to talk about the stuff in his speech today. stuart: that's what we wanted to hear. will he sign phase one and where and when, will you delay auto tariffs with europe but you are telling us this is not expected. >> the president says whatever he wanted to say but expected he

is not going to talk specifics related to the thing. stuart: and wonderful market will be disappointed if we don't get specifics on tariffs with china. >> it'll be interesting to see. but the trade representative report will be big coming out to the president tomorrow. he could target the tariffs not in broad strokes but he could target into the european union specifically or japan's specifically on auto tariffs. that should be interesting to see within that report and expected by tomorrow. stuart: you cannot actually get and now, can you. you will not be in the speech will you? >> no i have another shot coming up. but after that i'm going to duncan. stuart: can you get in? i cannot leave until 12 noon and i cannot get there early as the secret service wants me too be there early so i cannot go. but you need to tell me you can go and i cannot. >> will be in the balcony it will not be a good seat. [laughter] stuart: i think it's a very important speech. he is running up to the

election. >> who's who, he's going to be in this audience, who's who of wall street, corporate america. >> our own maria bartiromo will be sitting very close to the president right on the front. >> she is a bigger role than mine. >> edward, go to it. thank you for being with us. stuart: google working with big pharma to store your medical records on their service. >> name, database, data birth, labs, hospital records, diagnoses, their building all this data they say it is going towards artificial intelligence in helping patients get better care and different care and different diagnosis. a different specialist so the working with ascension which is one of the biggest healthcare systems and the u.s. at about 150 hospitals abroad in $25 billion last year. i think this is as everybody moves towards o'clock, google is not alone, this is hipaa

compliant even though it sounds a bit shocking and there are concerns about privacy, they are within the law but amazon as we know in microsoft as well, the huge roc crowd businesses, googe ceo has publicly said we need to grow our club business, they're looking for new ways to do it, healthcare is the sitting opportunity and catches coming for healthcare. stuart: if you apply artificial intelligence to all the data that google is collecting you can get better personalized healthcare. >> that's why this hospital branch, chain has agreed to participate because they say it is actually going to make herself more efficient, faster and treat the patient. >> on the one side you have privacy argument which is entirely understandable but the other side is more efficient delivery of personalized healthcare. >> that's the balance, privacy

versus opportunity. >> i know exactly where people will go. the gopher opportunity personalized healthcare. stuart: i think healthcare in this country is a mess, if you tell people some of these companies can improve, the time, the way, the efficiency most people will go for. stuart: i think you are right. today is the day, the streaming battle heats up big time, disney+ has been launched. my question is, i'm not big on technology, if i want disney+ how do i get it? >> disney+.com and you sign up if you can do so successfully. so popular there is a major glitch with the system invokes a mad, it's $7 a month. that's really good price. it's half the price of hbo now, amazon, netflix but it is more than apple streaming services. there's all these different options out there. would disney+ you get content for kids, all the old stuff, original content, star wars, marvel, the folks are saying we like this.

there are many entities competing in the streaming wars, if you will one. i was reading a piece, i tried to add something new, we been talking about streaming for so long, advice that came from an amazon that in a hulu that, they said spend money up front, get the subscribers of the landgrab, release everything at once so can binge watch it, don't hold onto content and don't make it like netflix for an academy award, aching for real people, make the stupid stuff that we like to sit down and be mindless and talk about the shows at work the next day parade make stuff that real people want. stuart: one quick thing, apple tv plus has barely been off the running for ten days but has already shaken up their executive. they have gotten rid of a senior executive quickly. stuart: is only ten days that apple tv is on the market and they've got rid of the executi

executive. some of the original shows are not living up to the hype and they don't have that much content trade that's one of the reason a cheaper service is only $5 a month for now. stuart: i'm going to stay on tech, look at facebook stock, the creator of the popular messaging service whatsapp want you to delete facebook. i'm not troy understand the. >> facebook bought whatsapp and brian has been in conflict, he stepped off of facebook and had a big fight which was well-known in the tech community in 2017 he left unvested stock on the table, millions of dollars worth this is how much he's annoyed that mark zuckerberg wants to venture into whatsapp is a messaging system and he says mark zuckerberg wanted to monetize it. allowing you to see ads when you are just messaging with your buddies. so this founders said that's not why i created this. i am out of here. he stepped down and left millions on the table, he is still annoyed so when he is in public platforms in a tech conference, if he said if i were you i would delete facebook busy

feels like mark zuckerberg china monetize everything. facebook has them rough couple months ahead. william barr even told mark zuckerberg to cool it with into into encryption because of national security. we have a long way to go on how we communicate one to one. but people overseas love whatsapp, free, cheap, basically you text without having to pay. as long as facebook keepsk is 4 on making a ton of money and doesn't have to change its business model, that stock will say a book. >> if you don't count apple and some people don't count apple of those stocks, facebook is by far the best performing. stuart: thinking. we are covering other stories. here they are, jeff bezos reporting he's getting ready to buy an nfl team, is that a right

of passage for the superrich. maybe. if you've ever been to an apple store, you know from experience, coming up i will talk to the man who is behind the apple retail operation. he also happens to be a ceo of jcpenney. what do retailers need to do to get me back into the stores. we will ask. and of course were waiting for the president speaking at noon about the economy. we will have a big show in this market may move. ♪ does your broker offer more than just free trades? fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity.

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learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. 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: there are reports that jeff bezos might bite an nfl team. >> may be the seattle seahawks. it would be convenient for mr. bezos -- also they might be up for sale because the owner

died last year so the team is in the trust, how much would he have to $2.7 billion. he is worth $100 billion. in the highest-paid player in the nfl russell wilson, he is a huge fan of bezos, he has a lot of the team players on amazon stock. so maybe he would really like mr. bezos as their owner. stuart: and nice tidbit. our next guest, i'll call him a retail superstar, he's the man behind the brilliant design of apple stores. one of the most successful retail store operations ever. the man's name is ron johnson proved he is the current ceo of enjoy, mr. johnson is with us now. sir you are indeed a star, welcome to the program. >> your way to kind but it's great to be here. [laughter] stuart: how would you go about

getting someone like me too go into a brick-and-mortar store because this is the holiday. to end all holiday periods on online shopping. how do you get me into a brick-and-mortar? >> i've always tried to determine what is next and deliberate now. we did that to design a target in the '90s and experience at the apple store, and there are two things you need, exciting product but then you need to create a shopping experience that is fun. because the experience is not fun and bring you joy, you will just go from the transactional convenience of buying online. you have to deliver an experience that people want to seek out. >> i don't get much of an experience in an apple store, i'm not trying to pour cold water on your genius by any means but i don't find it to be an experience. frankly, there are times -- where i spend far too long reading pay ten bucks.

>> the stores are a victim of their own success, they are really busy. but you can walk in any apple store anywhere in the world and try a product firsthand, they are all life connected with software, you can learn about it, you can go to classes and get help from the genius bar, sometimes you have to wait in line but even checkout is an experience, apple invented checkout over a decade ago and now we moved into apple pay. i baked to differ if you don't mind. >> you can big the differ all day long but you're almost certainly right. i want to talk about your company enjoy, as i understand i order something online and you send somebody to my house to set it up right is that accurate? that is right up my street. >> in a matter of hours you pick a time and place, with a partner like at&t you order you new iphone and when you get to the

shopping cart you pick the time you want, the place and we will be there for free. the simple idea is when you think of the physical world we started talking about, there are two types of stores, convenience stores like walmart and stores that deliver experiences like we talk about apple. unfortunately in the early days of online shopping, you only have convenience. every product ends in the same place dropped on your doorstep so were inventing mobile retail with a person with your product through the door and will spend as much time as you want helping you set it up and you can buy et cetera use on the spot. to make you fall over there. stuart: you cannot tell me that is free. somebody has to pay the guy that comes to the house and fixes it. >> they're all volunteers. i'm kidding. the way it works is really simple, there operating a physical store where we bite 99% of what we buy is booking the retail price of a product.

that includes rent and building up the store and depreciation and paying for employees. what we do, we focus when you buy a product and deliver a person. so you can do that really affordably. so our partners actually turn the cost of delivery into a profit center to the deep engagement we do. so it is a magic trick based on all the knowledge i gained retail for nearly three decades but allows us to deliver free to the customer. stuart: did you design this for me? >> you know what is interesting, it turns out people our age are more comfortable with technology than people in their 30s and you might think that cannot be true but think about your home if your rh when the regular doorbell rings you know how to open the door, if you're in your

30s you probably signed up for the digital doorbell and when it rings you have to go to the app and figure out how to use it. so the technology expands, everybody needs help to learn how to use it. stuart: you're totally wrong on this. your much younger than i am. that's a fact. i'm going to google you you're totally wrong. >> it's just the makeup. stuart: that does help i have to say. but i don't think technology for someone my age that it is not user-friendly for someone like me. it is just not. >> i agree with you completely pray technology moves so quickly and every time you upgrade your software, the camera app got better. and also became different and if you are not comfortable with that you have to relearn how to do your editing. you're exactly right. that's were technology in particular is made for company i can enjoy or the apple stores.

we tried to deliver an experience with the product when you buy online, that's what people need and that's what they deserve. stuart: are producers google do moments ago. you're ten years younger than i. you are just a child. >> exactly. [laughter] stuart: it was a real pleasure. anytime you want to come back you come back. that was fascinating. thank you very much indeed. stuart: thank you very much. of course were at about 11 minutes to go before the president starts speaking about the economy in new york city. up next charles payne, i'm going to say to charles, this speech could really move the market. we will be back. ♪ this is the age of expression. but shouldn't somebody be listening?

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stuart: moments from the president speech, he will begin in seven minutes but sometimes these things are a little delayed. joining is now the host of making money, charles payne, sitting right next to me. i noticed that the dow was up 70

points, now it's up 30, edward lawrence told us a few minutes ago that the president would not be talking about terrorists in china trade or cars in tariffs in european trade. is that when the market has went from plus 70 -- plus 30. >> i think there is general thinking that he would not mention your battle, maybe there were some thinking he would take a victory lap and talk about china trade today. but here's my thinking, the subtitle of this speech should be promises made, promises kept. we need to go back to 2006. this is phenomenal. he went to the economic club of new york in the most orthodox, conservative, financial thinkers in the world, the hate tariffs and they hate anything that would bother the status quo. all they cared about was that her and fatter margins. they did not want to hear about 7 million americans losing

factory jobs. not the heart of manhattan. so some of the things that he said, i'm going to direct the secretary to identify every violation of trade agreement, a foreign country is currently using to harm our workers. we are going to start with nasa, get rid of nasa and renegotiate and terminate and we are going to keep america out of the partnership and finally, if china does not stop this illegal activity including the theft of american trade secrets and intellectual-property, i will apply duties until china cease-and-desist. that was two years ago, three years ago. stuart: he said that to the assembled moguls of new. >> promises made, promises kept. some folks may not want to show up, they don't want to sit. stuart: that's pathetic. >> it is pathetic because he is completely upset because we all grew up, we don't use tariffs, tears are counterproductive and

we know about those things but with president trump he has been able -- let's not forget were at all-time highs with $360 billion on chinese exports at this very moment. forget about all the rest, that's is being applied at this very moment, this was supposed to destroy our economy, no way in the world where wage is supposed to go through the world, no way we were still some 7 million job openings or corporate profits with these tariffs, two years ago the same experts in the room told us it was going to be a disaster. stuart: i think the president is going to set out the stage and how we maintain prosperity well into 2020. it'll be a victory lap. >> don't be surprised to hear him say you guys may have some tough decisions to make. a lot of liberals there. elizabeth warren took over the economy. he will have fun with that. stuart: what do you want to call?

>> organism this up and then some. stuart: thank you for being here. more varney after this. ♪ . . you're still out there chasing what matters.

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susan: we do have excerpt from the speech president is about to deliver. here it is. i'm proud to stand before you as president to report that we have delivered on our promises and exceeded our expectations. we have ended the war in american workers. we have stopped the assault on american industry. we have launched an economic boom the likes of which we have never seen before. quote, the world is a place of fierce competition. we're competing against other nations for jobs, industry growth, prosperity. factories businesses will always fine a home. it is up to us to decide the

home will be in foreign country or right here in our country. i don't know what else he will say. i bet he goes after socialists. neil, it's yours. neil: thank you very much. we're waiting for the economic address. he is talking before the economic club of new york. he will talk about trade, jobs, maybe mention the federal reserve. there is no way of knowing for sure. he is crowing about a economic recovery picking up considerable steam he is inenjoying when he took office. what he achieved in these three years eclipses what prior presidents were doing in the prior 10. first to edward lawrence at economic club of new york, what else we can expect to hear. edward? reporter: just outside, it's a who's who of the