is november 30th. >> my thanks to dagan and steve. >> watch out for tax cuts 2.0. marymac you have a great op-ed on that. have a great day. varney and company begins right now. ibly1 you are watching financial history. what is going on with your money takes your breath away. just as the democrats try to remove donald trump from office investors celebrate the trump stock market rally in the trump booming economy. guess what we are focusing on? since election day 2016 the value of all stocks has gone up by $11 trillion, an astounding figure. it is the value-added to american business during this president's first three years.

this calendar year 2019, the nasdaq composite has gone up a shocking 27%, that reflects the money flowing into america's giant technology companies that dominate worldwide. the average gains of the s&p's 500 companies this year, 23%, the 500 biggest companies with an average stock price gained 23% in less then 11 months. look at how stocks open this tuesday morning. the dow will be up 40 points, it will be up much more than that if it were not for home depot which is a dow stock, down sharply. the s&p up another 7 points. look at the nasdaq up 27% for the year going up another 1/2%, 35 points higher. what a day, what i year. make no mistake, we think the enrichment of america is more

important than the charade called impeachment and today's show will reflect that. we are asking dow 30,000, let's get on with it. "varney and company" is about to begin. let's get to home depot. it will drag on the dow today. it is a dow stock, reported its earnings earlier and the stock free-market down $8, 3%. ashley: same-store sales below what expected, they did this in the last quarter ended again this quarter. that is not good. forecast for the year same-store sales well below, came in at 3.6 globally, estimated at 4.7, revenue also coming in slightly shorter than expected. is this a real comment on the consumer? they mentioned tariffs, imports

on chinese goods, spiking lumber prices but bottom line these numbers are not what is expected and if you cut the guidance through the end of the year i know you don't like this but - they are not meeting - stuart: let's look at the other department stores and retailers seeing how they are doing. cold gave a not so rosy forecast down 13%. the parent of t.j. maxx, who good that marshall's reported higher sales driven by better customer traffic across its brands, up 1.6%. the question is what is the state of the consumer? if kroger is not doing well how is the consumer doing? former reagan economist art

laugher joins us. should we be concerned because of these reports about the strength of the consumer? >> i don't think so. i think the economy looked fine. we have been talking about this for a long time and the stock market is doing really well but it was a year ago, might make 30,000. still saying it might make it but it is looking good. stuart: i do think. when do we had 30,000? >> between 50 years from now i am sure we will do it. >> we are up again despite the impeachment stuff, despite home depot. when do we had 30,000? >> the fear is elizabeth warren, the democrats taking over the senate. we have a serious problem in

the stock market, the nice thing about the stock market is the stock market tells us what will be, not what has been. it is a forward-looking instrument. it is telling us we could have a good economy for the next four or five months or maybe longer and that is good news for everyone here and good news for the country and the election. stuart: stay there, i have some more. >> i can't give you a date. stuart: serious stuff. serious stuff. the crisis in hong kong, police are getting ready to clear one of the universities. some students have gone. we are told the students are free to go but some of them are staying. this could end deadly. >> especially if violence escalates from here and how

police respond, 100 protesters still remain in the worst violence we have seen in the 5-months of protests, 1400 shots of teargas, 1300 rubber bullets, and 1100 arrests. if this showdown and this confrontation gets more violent people are concerned what the escalation looks like given that we have seen the pla on the streets. and live rounds of ammunition which fears cuts and bleeds - stuart: if you have live fire on the street and their shooting people in numbers, it is tiananmen square. >> that would be the equivalent but look at this. this is a war zone. you have molotov cocktails, burning buildings, cars set on fire.

endless canisters of teargas. when does it end? >> the police and the army do. you are right to call it a war zone and that is what it looks like, fires, explosions and violence. i'm going to move on. the state of california suing j juul accusing them of marketing and selling to teenagers. ashley: they target youngsters under the age of 18 using bright colors, youthful models to attract underage users and now they are suing. there is a second state to do this, north carolina was the first in may, the latest, juul has multiple investigations by congress and federal agencies.

juul has said whatever is needed we will do and the types of pods they sell as well. stuart: the president is just now moment ago tweeting on the market. nasdaq up 27% this year, and that is astonishing. 27% gain for huge index like the nasdaq over technology companies. >> it is the best year for tech in a decade. and the global financial crisis. stuart: so much money flowing into big-name technology companies, microsoft, apple, etc. etc. so much going in it is astonishing. ashley: where else would you

put your money? stuart: for all time. a rework story, and extra ordinary thing. new york state attorney general launching an investigation into we work. adam newman walks away with 1 billion plus, the workers on the street with nothing. >> they could at one point put shares in the company. more job cuts, this investigation of adam newman and what did he do to cause the company's idea to cost workers their jobs? some shady dealings, side dealing putting his family in key positions, leasing his personal property back to the company, basically the majority shareholder when he met adam newman he reminded me, big

ambitious plans, what happens? do they not see what he would do to the company? the new york attorney general reportedly investigating and bloomberg reporting the investigation it will be hard to right the ship. they want property little it -- profitability by 2021, could be ambitious for some. stuart: a little nugget, when they were trying to draw up financial papers adam newman was in the indian ocean and refused to cut his vacation short and had people ferried out there to some remote islands to take care of business. >> the largest office lease or in the city. stuart: the largest in the great city. >> thousands of square feet. stuart: back to the overall market, futures gain, the gain for the dow is limited because

home depot is the dow stock down sharply but look at the s&p another 12:45%, the nasdaq up another 34, 35 points, close to half a percentage point. we are experiencing what i think is the best bull market of my lifetime yet democrats are upset with impeachment and nancy pelosi says donald trump is in over his head and an imposter. we will show exactly what nancy pelosi said. love connection guy, one of america's most iconic game show hosts but he says said support for donald trump destroyed his career. he joins us to explain what happened to him. kyle busch, the new nascar champ. how much money did he bring with his big win. we are a financial program. the champion and the 50 pound trophy are here in our studio in the 11:00 hour. we will be back. the world is built for you. so why isn't it all about you when it comes to your money?

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>> the words of the president way a ton. they are very significant and he should not frivolously throw out insults, but that is what he does. i think part of it is his own insecurity as an imposter. i think he knows full well that he is in that office way over his head. stuart: imposter, in way over his head. let's see what james freeman, wall street journal editorial board thinks about that. that is outrageous. >> and kind of ridiculous. she is saying it is terrible these insults the president throws it people, did i mention he is an imposter and in over his head? is this her effort to set a more civil tone? i don't think so. goes back to the beginning of

the trump administration and the so-called resistance, as if he is some dictator and this is not a constitutional republic and he's not duly elected and - commentaries coming from the left for almost three years. stuart: it was with us, you should not be using words like that. i think she may be trying to rescue the impeachment process which is not going real well and she started this and she jumped in with both feet calling the president names trying to rescue the impeachment. >> it makes sense. you have seen how they keep trying out different rhetoric to figure out what works. they have obviously been testing with pollsters and focus groups what words are useful. they feel like bribery is a good word to use even if it doesn't really describe what happened and maybe this is an effort to ramp up the rhetoric and sell it. stuart: at the end of the day it is possible still the

president will be impeached. that means the house will vote to impeach him but i cannot be believed he will be removed from office by the senate. are you with me on this? >> we see nothing but changes what is essentially a partisan process to impeach him and it was a bipartisan vote, and democrat said no. the case is not there. stuart: we have a debate tonight, 10 people on stage, 6 people want to be on the stage but can't get there. that is a circus. the democrats are in serious trouble. impeachment phase, circus-like debate tomorrow night. i am not leading you but i'm exasperated here.

stuart: >> it is a good question why we are having debates to choose his opponents, wise impeachment rolling forward less than a year before voters get to decide. it is a bizarre situation where they are rushing the schedule to get certain things done on the impeachment process so they can get it to the senate for a trial they hope will have early next year. why are they in such a rush. the longer this goes on the tougher it is to explain why it shouldn't be left to the voters. stuart: it is going on today, we won't pay much attention to it but thank you very much. i want to get back to art laughter real fast. yesterday the president met with the fed chair and treasury secretary, the presidents have got to get interest rates down. should get them down. what do you say? >> let me say can i go on james's point, i have been with the president several times, he is far from over his head, has total command of the topics i talk to him about in economics,

it is hard to keep up with him he is so well-informed and so knowledgeable on these topics. anyone who says he is over his head, i can tell you is silly. i think he is not over his head and monetary policy, it is a great thing having a discussion, they should sit down and do it together and the president has a good case to make. the world is pulling the us down and cutting those rates might very well help the us change the yield curve and help us and that is a reasonable point to make, powell is the executor of this policy and i love that they are together discussing this range. it is important for the country and further prosperity. stuart: i think the market likes it too. thanks, see you again real soon. big-name of you know poised for records at "the opening bell". apple poised to go up some

more. 267, 268 free market. microsoft reached $151 a share. another half percentage point at "the opening bell". we are going up across the board. that is look at futures, 40 up from the dow, we would be much more without home depot and the s&p and nasdaq, all of them on the upside, what a day. next case. vegans got a beef with burger king. they are suing. it boggles the mind. that is next, we will be back. imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money.

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impossible whopper which is most to be cooked on the same grilling boiler as the regular meet. he says i would have paid premium price had he known it would be coated in meat byproducts. he is launching a lawsuit and wants damages, compensation for all us purchasers of the impossible whopper. if you haven't disclosed this, you haven't put this on the menu. i don't know about that, i eat blindly if i am of you can. stuart: i will move on before i get myself in trouble again. we will go up with "the opening bell," the dow is up, s&p, nasdaq, this is a rally, this is a continuing bull market. we will tell you how kylie jenner who is 22 years old just made $600 million.

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stuart: coaty spending big for majority stake in kylie jenner's company. how much did she get? >> 600 million, spending by a controlling stake of 51% and what this is about is kylie's

reach on social media. a little more than 250 million followers on her social media platforms. you send that back and you are reaching more people than those who watch the super bowl and that is what this is. it is makeup and cosmetic, cody has struggled because those traditional brands like cover girl don't sell anymore. stuart: it is genius, 251 million people to exploit in your market, that is spectacular. thanks very much. short and very sweet. 9:30 eastern time, we have gone higher. lots of green on the left-hand side of the screen, two thirds in the green going up and limited gain for the dow in the early going, 37 points because of home depot which is a down stock. look at s&p, that thing is going up. only 5 points but it is up 327,000.

i'm interested in the nasdaq up a third of 1%, 27 points. it has gained 27% this calendar year. a new high for the nasdaq up one third of 1%. apple, show me that in record territory. all-time high, 267. show me microsoft, the same story, $157.90 per share. i will go with 150.87. we need an assembly of experts. mike murphy, when do we get to 30,000 on the dow? >> the first or second quarter of next year. it is coming, it is year end. a lot of people after the run-up may talk about tax selling, reduce the holdings of the market so we will get that from these levels 7% to the

upside but you don't have to run and by right now today, you can wait. there will be a pull back at some point but you want to look opportunistically at good solid names that have growth. >> the s&p technology index up 41%, much higher than the s&p, the gains are pretty good. stuart: i asked -- >> it is possible in the first quarter of next year. stuart: i have it written down, may 11th. ashley: the line, it is gullible. stuart: the dow is up 47 points, s&p and nasdaq full-time highs. look at kohl's, cut its profits forecast, down 16%.

>> third-quarter earnings, one good piece of news, they are investing for the short-term, the long-term, one piece of good news is they are allowing amazon customers to return their items and that has been dragging traffic for the men this is an positive for their business. >> they are underperforming. this is not a readthrough for the consumer or the health of the consumer. this is kohl's pacific, not performing. stuart: now this. home depot gave a poor forecast for future sales, the stock is way way down, 3% down. that is a drag on the dow. is that, mark murphy, an indicator of trouble for the consumer? >> i don't think so. you look at permit set at 12 your high, housing starts are out there. this is management just walking

back. ashley: a snapshot of the consumer housing industry. they miss in certain places. stuart: it has something to do with the algorithms. i hate to say it but they missed. when they read that, as one point home depot is down 7% and now it is 3%. >> one metric is important, ticket sales per item on home depot in the previous quarter was higher than it was a year ago so people are spending more, they missed expectations but they are high expectations when you are home depot. stuart: that was a good point. check the big board, up 27 points. a lot more for other indicators. blackstone under fire from senator warren for making money from the housing crisis.

blackstone, i own some of it, 5236, unchanged. california says it will stop buying general motors, and fiat chrysler and other carmakers because they have sided with the president over tailpipe emissions rules. california doesn't like that and they will not buy these cars on your screen, doesn't make much difference, stocks are up. roku, may offered to sell up to 1 million shares from time to time. two civic groups, don't care who it is through. investors don't like it. >> they feel it is good time to take money off the table so if you are older of company stock you may feel the same, take them off the table as well. stuart: you will explain this. look at the 10 year treasury yield when it goes up. that is said to be positive for the market. when the yield comes down and it is down to 181 that is

negative for the market. what is your reading? >> that is oversimplistic. here is the thing. you have a lot of money, bring it on. a lot of money from overseas right now to buy us debt. prices go up, yields go down. a lot of times in the old days you could say yields were up and therefore it is good or bad. it is not that simple. there is a bigger global picture to it and see where the money is from and yields of 1.8%, not historical levels, they are extremely low levels. stuart: the price of gold has been below -- right now $1468 an ounce, the price of oil in the $50 a barrel range, down 2%, one dollar, $55 per barrel on oil right now. look at the dow components,

boeing wrapping up $6 billion worth of orders for the 737 max jet. >> have you heard of the airline, and's flag carrier, they have signed a letter of intent. it is certainly a confidence builder for boeing and they've done a deal to an undisclosed customer that will be revealed in the near future but the combination, $5.9 billion in sales. >> those are ticket prices, what do airlines actually pay, it depends on a discount, what is not expected to fly in the us until after the new year. i imagine they have a pretty

steep discount. stuart: boeing is not your kind of stock. >> we own some boeing. this news out today shows you you need to look past current environment into next year. there are two companies selling these products so boeing if they get past the issues they had with the crash, the 737 selling, the stock will be north of $400. >> when you talk about the value play, the caterpillar, even boeing, i would not categorize that but this is up 20% in the first quarter. stuart: so much attention on big tech, microsoft all-time high bottom of the screen, an extraordinary day but thanks, do appreciate it. the dow industrials right now up 13 points but look at that

level, 28,050, much stronger gains for the s&p and nasdaq. moving on on tuesday morning, more frantic scenes in hong kong, group of protesters able to get out of the city's polytechnic university but hundred inside and the chaos continues. we have a report live from hong kong. kanye west called himself the greatest artist god ever created when he joined preacher jerrell osteen. jonathan morris was there. i will ask if he thinks kanye is a legitimate christian. bernie sanders, cory booker, bernie sanders wants to create a federal agency to control drug prices. new bureaucracy. why did democrats feel the need to create more government bureaucrats to run your life? i am a refugee from that stuff. we will be right back.

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stuart: two jail guards who were supposed to be guarding jeffrey epstein at the time of his suicide have been arrested. ashley: falsifying prison records. they were supposed to check on epstein when he was in the facility every 30 minutes. apparently they did not do that. if you look at the forms they filled out, they did. the ap reported the federal prosecutors asked -- offered them a plea deal and they turned it down but they have indeed been arrested on these charges of falsifying records. stuart: that is different from any possibility he may have been murdered. ashley: the conspiracy theorists will read things into this. stuart: we are 12 minutes into the day. this is tuesday morning, we are up 7 points for the dow, 28,043. amc, check the stock, the

justice department will shake up rules for a movie distribution. investors seem to like it. disney, look at the stock. report that thousands of disney plus accounts have been hacked. a week old and hacked already. >> you have seen it in social media, users express their frustrations saying i havepoin. some of these password and emails are sold on the dark web for $3, to $11, which is pretty steep given disney plus is only $7 a month but premium pricing and on the dark web netflix being sold for less than disney plus. stuart: i could buy somebody's personal information for $3? >> $3 to $11 depending who it is. but how hackers get in, hackers have software where if you are using the same password and

email they concern through different websites and get through them. stuart: that is interesting. the dow just turned negative, now it is down again. bernie sanders and cory booker want to create a whole new federal agency to control drug prices. this would create a gigantic bureaucracy which it looks like would be price controls for drugs. is that what is going on? >> we have a fair number of bureaucracies, we have $1 trillion a year subsidizing healthcare, regulating it, controlling it. not like we don't have the tools already to address the gaps in the system. it is worth mentioning that 90% of all prescriptions written in the united states are the

generic drugs that cost less then a bottle of spring water. the problem is a narrow and contains problem. we don't need a giant bureaucracy to cover the entire pharmaceuticals. stuart: the idea that a big government bureaucracy is a tool that is useful in any circumstance i just don't get it. bureaucracy is synonymous with government and total inefficiency and total lack of accountability. why are they trying to do this? >> there are other bureaucracies, the fda that regulates the marketing and approval of every drug that comes to market. the us patent and trade office which grants artificial, sometimes legitimate monopolies for those drugs to come on the market and there is medicare, medicaid, obamacare that finance the payment for these drugs so bureaucracy is pretty heavily involved and because of these guaranteed monopolies the government imposes on the market, restricting competition

where it is warranted sometimes there are situations the government is messed up in them at a price inflation where it is warranted. stuart: several democrats in favor of medicare for all. there is a multi-trillion dollar price tag on it. what do you make of medicare for all at a cost of $60 trillion? >> the foundation for research on equal opportunity, we walked line by line through the elizabeth warren plan and calculated increase the federal deficit over the next 10 years by $15 trillion, which more than doubles the federal deficit because her gigantic tax increases won't come to fruition the way she thinks they will. capital will leave the country, capital markets will be disrupted and the spending will skyrocket too. if you make healthcare free but don't restrict access or regulate prices what is going to happen? everybody will go to the doctor, you overuse the system

because it is like me at an open bar, i would drink more than i would otherwise and that is how the healthcare system will work if everything is free to the consumer. stuart: hopefully voters can see that and probably vote it down. thanks for joining us, appreciate it. check the dow, 15 points, 28,021. will we had 30,000 and if so on the dow when? we are asking that question at the top of the next hour. college supposed to be a place to prepare students for life but how many know how to write a check, change a tire? the lack of basic life skills is a problem we hear on campuses and some of them are offering workshops how to be an adult, a grown-up. details next. it took over 100 years to perfect this masterpiece

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stuart: a top executive leaving uber. chief product officer announces his departure and the stock goes up back to $27 a share. amazon expands its free music service. look what happened to its rival spotify. amazon goes up a bit. you could call this a sign of the times. college students turning to

adulting classes. peter morici, professor emeritus of economics at the university of maryland, shouldn't parents be doing this? shouldn't parents teach their kids how to parent, not the university? what do you say? >> certainly parents to provide an example of regard to parenting but let's talk more basic stuff, how to manage your credit card, how to balance a checkbook, things like that. my mother sat me down my senior year and showed me how to do those things. kids when they arrive should be able to do those things. can they? i don't think so. look how they are labeling on all that debt and the first people they encounter at universities are carnival barkers, the people in the admissions office to tell them majoring in foreign would've and art history will lead to meaningful careers and they should borrow 60, 80, $100,000 a year to do it.

is it any wonder we have a third of our college students can't do the work. if they can't do college work they can't navigate the system, we have to assign them nannies to register. i was handed a catalog. they can't do those things. is it any surprise they can't do basic things like manage a household where they pay rent and have a budget? stuart: i just remember my first day at college. a professor of lost it up in front of the incoming class and said hand up any of you people live at home, this was in london. a few hands went up and the professor said leave. you are at university, you are an adult, you are not supposed to live at home. you could not say that today. you would not be allowed to say that today. >> i was almost crucified when i was at faculty, the university said we have too big a dropout rate, we want to assign every student a mentor or counselor to lead them through the process. i said part of our education is learning to navigate a bureaucracy because we will have to navigate one outside.

we don't want to over nanny them or have incompetent adult that the other end. they glazed over. do many do you -- too minister for dropping out. that is because you're admitting the wrong people. if you have lacks admission standards or too much into social justice and all the rest of that nonsense you will have incompetent students. instead of focusing on competency you are focusing on other issues and you lead them through the process and put them out the door and you have people who are not capable of succeeding. that didn't ride with them. stuart: are things going to change? >> they are going to change because young people are starting to become -- starting to recognize, you are seeing articles about it, don't listen to your parents, don't listen to college counselors when it comes to student loans. don't listen to them when it comes to buying a house. the wall street journal ran an article about that last week. they are starting to learn they are getting bad advice from adults who are using them. the fagans of america are

running american universities. university tuition is up much much more than healthcare costs over the last 20 years. it is incredible as a consequence they are labeling these kids in debt so they continue to enjoy their confident lifestyle, they are starting to learn that the real people to be suspicious of are the people that are selling this false bill of goods. you don't see that on tv or msnbc because they put on students who talk about white tears and social justice and all the crimes of the world. most of us want to go to school to learn a skill to get educated and they are starting to learn the people that are advising them on campus are not the ones that should be listening to. instead of having adulting classes on campus, give all of america university's president in provosts, i will put them in a room and give them a seminar on honesty lessons.

stuart: and then we will send in the lawyers to sort it all out. >> sent in a lawyer to start prosecuting is what we ought to do. stuart: i agree entirely. it was a pleasure having you on the show. thanks, peter morici, see you soon. 10 days ago kyle busch was in studio with three other nascar finalists, he is back today, ditched the competition, bringing the championship trophy winner instead. he has a big win, he is on the show at 11:00 this morning. that a food influencer be able to demand a free meal in a restaurant in return for a favorable review? that is what is going on and we are going to talk about it. we have a restaurant owner and food influencer on the show. the new disney plus show, the m mandaloria making waves with disney baby yoda. we will tell you in the second hour of "varney and company". on options trading, and look, it feels like i'm just wasting time.

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stuart: it is 10:00, almost 10:00 on the east coast. what we're looking at right now is continuing bull market run. dow industrials, down 29 points. that is largely because of one stock, home depot. the s&p down just a tiny fraction, .01%. nasdaq powering ahead another eight points up. you're looking at a bull market run, to end all bull market runs. that is why we brought in market watcher scott shellady with us this morning. obvious question. he is warming up. when do we hit 30,000 on the dow? >> probably take longer than you expect, because the rally is slow grind higher. we're climbing wall of worry. i got something across my desk this morning about the last 20 or so economists predicted worldwide calamity since 2012. as long as you have folks are doing that, you can see the market find higher.

when you like what jamie dimon said on sunday i agree, consumer strong. great jobs numbers. unemployment is low. if you have those types of things, nothing surprises anybody, this will slowly, surely grind along. stuart: two stocks hitting fresh all-time highs which are dominating the market, dominated market for some time. those two stocks are number one, apple hit another record high today. microsoft hit another record high today. microsoft reached 150. it was there before. almost 151. apple down just a fine any fraction. they dominate the market, scott. they suck up all the money. >> because that is the vision of the future, you want to invest in those types of things. you have to slow your roll a little bit. another thing i saw come across the desk, apple is worth more than the entire s&p 500 energy sector.

you have to kind of have to slow your roll, stay in your lane. you can get out over your skis on these types of things. stuart: you really can. astonishing worth more than s&p 500 energy. unbelievable. scott, hold the smile. i have breaking news. going to give it out there. new york state's attorney general will make a major vaping announcement that comes later on today. do you know what it is about? ashley: the state of new york, like california, suing juul for what it cause deceptive and misleading marketing of e-cigarettes. send the attorney general says there can be no doubt juul advertising led to health crisis left youth in new york and across the country addicted to its products. stuart: look at couple retailers. consumer very much in the news these days. we had earnings from home depot. not good. the stock is down nearly 5%.

kohl's not good, down 17%. tj maxx not doing too badly. come on in again, scott. that doesn't paint a big picture of consumer confidence and strength when you look at home depot an kohl's. what do you say. >> until tomorrow until we get another retailer out. home depot is due to ill timed investments hadn't come up to fruition. they set everybody up for better second half the year and they haven't lived up to it. at the first clip, home depot is up 39% for the year. these things are allowed to come back down to earth just a tad. stuart: the stock is already up 39% this calendar year. that is extraordinary. scott, stay with us for a second. we're down 48, 49 points. just below 28,000 right now. and now this. this is a sorry story about

an imperious founder, adam newman, the shredding of his company, wework and end of unicorn dreams. this reminds me of the dot-com bust 20 years ago. in january of this year, wework was the king of startups, worth $47 billion and newman was getting ready to go public. to do that he had to produce a in depth look at his company's finances. instead of holding up with his bankers to get it right, he was surfing in the maul disin the indian ocean. he refused to cut his vacation short. he eventually returned to his mansion in the hamptons where he held court. he summoned leaders of new york stock exchange and nasdaq, made them compete for his listing. he actually banned they ban meat and straws from their cafeterias. newman is visionary intent on saving the planet. finally the document came out,

the document, it was a bomb. he had been self-dealing. he trademarked his own name and sold it to his own company. he put relatives in key roles, including his wife who could take control of the company. worse, wework was burning through billions, with no clear path to a profit. that did it. the public offering was canceled. investors fled. that was the moment when pie-in-the-sky startup dreams crashed and investors started to demand a profit. neumann he spent days with advisors working out his exit from the company. he walked with over a billion dollars. last week, i'm sorry, this week, the layoffs begin. reportedly 1/3 of the employees are on the way out. that is the sorry part of this story. that investors were so gullible that a visionary could confuse supposedly smart investors. when things fell apart the man behind the whole charade get as

billion. the ground floor people that built wework are out on the street. scott shellady, still with us, do you share my outrage? >> i absolutely do. i feel bad for these people left behind. stuart, in my mind this was a fad, you know how i feel by wework, a fad run by a guy who is a fraud. that is double-negative. that is never a good thing. this guy was a bad actor like beyond meat. there is place for communal working. we had it in london, everybody was happy, the world was a beautiful place, but a place you go to work. you don't go there to play. everybody was signing up to the ping-pong tournament instead of doing work with your nose to the grind stone doing work old-fashioned way at the london school of economics. i don't like the guy. you put that together and you get what you get. stuart: that is good end to the editorial. scott shellady come back anytime

you want. appreciate it. alibaba a demand for the hong kong listing and what do you have? susan: there might be strong demand for the new york shares here. this is a 13 billion-dollar listing. 10 to $15 billion. it could go above 13 with additional shares on market. so strong a demand, they're closing books half a day earlier, it should trade on november 26th. stuart: they had to hold the road show to attract investors on the phone. they couldn't actually go in person because of troubles of hong kong. susan: think about it, they're still going ahead. they pulled this in august because of the hong kong protest. from what i understand, people familiar with the listing. they have already the books, are all paid for. cornerstone investors coming in. maybe sovereign wealth funds. deep pocketed. very wealthy. stuart: is it possible beijing is telling them get on with it

in hong kong, do it, we want it done? >> aramco might choose hong kong for its $1.7 trillion valuation ipo. at the end of the year it could look like a lucrative ipo market in the city despite six months of protest. stuart: good point. i asked this question before. we'll ask it again. should a food influencer, there are such people, demand a free meal in a restaurant for in return of a favorable review? we're talking about that today. we have a restaurant owner and food influencer on the show. what is the reality of, morality of this? the love connection, remember that? arguably the most popular dating show ever. the host, chuck woolery, now he says he lost work because he supports president trump. well chuck's on the show later this hour. next the internet going crazy over this, baby yoda. stop it. character part of disney plus's new "star wars" series, the

internet loves the cute thing. if you need to know, we'll tell you about baby yoda next. every american wants their dollars

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stuart: we moderated the loss. we were down about 60. now we're down about 45. but other indicators largely in positive territory. take a quick look at the beauty brand, otherwise known as coty, c-o-t-y. they bought a controlling share of a credit line. gerri willis joins us from the exchange. they gave 600 million to a 22-year-old. >> making 600 million-dollar for kiley cosmetics. this brand she invented and the

old beauty company is buying it because they're desperate. old line cosmetic companies are in deep trouble. reality tv star's company making 200 million in sales this year. she has 15 million instagram followers. she is a one woman promotional vehicle. reality tv star, star of stage and screen. can't go anywhere without seeing this woman. she will buy 51% of the company. she will be remain brand ambassador. stuart: sheer genius. she has 250 million followers on all platforms. that is genius. i take my hat off to her. a headline, how instagram influencers are changing the restaurant industry. instagram influencers come to restaurants, bars, post picture worthy meals and cocktails. they are modern day food critic.

with us. is it dina. >> dina gonsar. that is a mouthful. stuart: is it true some influencers come to the restaurant, i eat for free, if i don't eat for free you get a bad review. >> there are some that handle their business that way. stuart: that is outrageous. >> it is. not something i totally agree with. stuart: is it common? >> i think it is becoming less and less people following you or the community you're building wants to know you're authentic and they can trust your word. they are starting to get savvy to see through certain influencers doing something for the dollar or for the instagram. stuart: what do you do? you're a food influencers. >> i guess i fell into that. i'm a recipe writer and a television food, food television contributor and so that builds my credibility amongst the food people out there. so they do look to see where i'm going to eat. stuart: you do put out a

message. >> yes. stuart: do this, this, and this. >> yeah. stuart: you're followed by lots of people. >> yes. stuart: your judge meant what you do influences that marketplace? >> 100%. they see me going to a certain place to eat. they see me eating a certain dish and become curious and interested as well. stuart: how do i get into this? >> i'm sure you're going to a lot of wonderful places. so you got to take pictures of your food now in respectful manner. stuart: how many followers do you have? >> right now i have about 122,000 people in my community. stuart: your income goes up according to the number of followers you've got? >> it does, it does. the type of work you're doing, putting out good work as far as good recipes, reliable recipes, brands like to work with you, restaurants like to work with you. it is not just pure numbers. you need the credibility in order to continue growing. stuart: that is fascinating. absolutely fascinating.

>> i used to be a school counselor. i, yes i was a school counselor. and i turned a this into a business. stuart: it is genius. can you make million dollars a year out of 122,000 followers? >> i would say at this point in time, no. you need other ventures. stuart: okay. just checking. >> if somebody else knows different please contact me. stuart: hold on for a second. i want to bring in restaurant and bar owner scott gerber. he has popular spots like mr. purple i think here in new york city, is that correct. scott, welcome to the show. >> thank you. stuart: how do you deal with food influencers, do you know who they are when they walk into your place. >> very carefully. we love food influencers in our place because we're confident in the product we put out. that is the way with social media you get the word out. if you tell friends a great bar they have been to, they value

your judgment you will check out the place. we like influencers. we don't pay them, sometimes comp a din other drink. not like paying somebody $1000. we don't have to rely on that to get the word out. stuart: some people do? >> some people do. stuart: some restaurants, 1000 bucks. come to my place give me a good review. >> where is the credibility of that? if you say what the bar or restaurant wants you to say. there is no credibility. you have to put out a message. people follow the message. try the bar. you know it? he was right. stuart: do you have a list of influencers? >> no they come through our pr agency or contact us directly. we would love to come in. heard about your restaurant. we would love to try something. they come in and try. stuart: don't they come in first before you know them and then they go away to try to influence people about your product? >> not typically. not like they're a food critic. not like it is secretive. they will come in, an if they enjoy it, they will talk about it.

hopefully if they don't, they are not going to. how you mother told you if you don't have something nice to say about somebody, don't say anything. hopefully food or bar influence ers take that attitude. stuart: dinah, dina. >> dina. stuart: scott, you opened a new world for me. i'm not part of the brave new world. you opened up. that is terrific. dina, scott, thank you very much indeed. i will get out more, i promise. you won't believe this. this is truly ridiculous. a vegan suing burger king. the vegan alleges that the meatless impossible burger is being cooked on the same grill as a regular beef burger. that means it is contaminated. ashley: of course. stuart: judge napolitano, on contamination next. ♪.

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stuart: got breaking news. get rid of that on the left-hand side of the screen. breaking news. new york attorney general just announced the state is suing juul labs. new york alleges that the company misled consumers about its nicotine content and misrepresented its product as a safer alternative to traditional cigarettes. check the big board. we're down now. we have a reason for this modest selloff in the dow. i believe china is saying there is no deal with the united states on trade unless both sides drop tariffs s that

accurate? is edward lawrence there for us? that is accurate. china says precondition for any deal is both countries simultaneously pull back the tariffs. that is what they have just said. that's why the dow industrials are down. i'm scrambling to get this on the air. it is very important. i want to make sure we absolutely got it right. we did get it right. the dow is down 50 points because of that a much lesser story, give it to you now, vegans not happy with burger king over the way they cook meatless whoppers. the judge is with us. let me explain this. i know you will go frantic about this. a vegan complains when he got his meatless whopper at burger king it had been cooked on the same grill as a meat patty. >> therefore it wasn't meatless. stuart: therefore is wasn't meatless. is that a proper case? >> yes. this is not a case for damages. i don't know how you could even

measure the damages -- stuart: emotional damage? the, will be endless to get over this. really? >> that would be quite an exaggeration. the purpose of this is to force burger king and others similarly situated to reform the way they cook so when they represent something as meatless it is truly meatless. these people. a group of people. it's a class action. you know what that means. the plaintiffs lawyers are looking for a lot of money. the plaintiffs will get coupons for free meatless burgers. that is the injustice here. but what they're looking for is to make certain that when these fast-food places say meatless, it is truly meatless. stuart: which will add vastly to the cost of any fast-food operation which wants to provide a meatless burger. >> it will force the installation of, or the isolation of another cooking, i don't know if it's a stove. i don't know what they cook them

on. susan: grill. >> a grill of some sort. so that is -- stuart: they have to be totally separated from here on out. isn't that incredible, judge? >> these people are serious about their culinary choices. when the facility says we will comply with your culinary choices and doesn't, similar to misrepresentation you talked about in the juul litigation. not the juul did anything wrong but they misrepresented what they were doing. that's the allegation there. stuart: i'm not part of this brave new world, am i? i'm out -- >> you don't seem to be sympathetic to this brave new world. stuart: that is nicely put, judge. >> something to do with the london school of economics and socialists. stuart: yes it did actually. >> did prince andrew attend the london school of economics? let's not go there. stuart: stop it now. >> i love this figure. [laughter] stuart: oh. here is another one for you.

i'm not part of this world. see that on the screen? that is baby yoda. we're told, look how cute, it is become an internet sensation. what utter nonsense, susan. explain it to me. susan: i think it is so cute. i'm totally obsessed as social media and the internet. baby yoda hashtag, it is out trending everywhere. baby yoda appeared at end of the first episode of "the mandalorian" on disney plus. stuart: it is trending? all over. all over. susan: eight pounds 6 pounces, newborn at 50 years old. stuart: i'm with six kids, nine grandchildren, i am supposed to think it is cuddly and cute because i have all this offspring for heaven's sake. ashley: you will get some this christmas. stuart: i have to move on. they're killing me. blowing my ear drums out. so are you. remember the dating show

"love connection"? chuck woolery. i know this guy. i really like him. he said he lost a lot of work because he supports president trump. twitter banned him. chuck is on the show. i'm dying for that. ♪. nationwide helps you invest for your future, brad.

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make it simple. make it ship sticks. shipsticks.com saves you time and money. i'm happy to give you the tour, i lohey jay. it. jay? charlotte! oh hi. he helped me set up my watch lists. oh, he's terrific. excellent tennis player. bye-bye. i recognize that voice. annie? yeah! she helped me find the right bonds for my income strategy. you're very popular around here. there's a birthday going on. karl! he took care of my 401k rollover. wow, you call a lot. yeah, well it's my money we're talking about here. joining us for karaoke later? ah, i'd love to, but people get really emotional when i sing. help from a team that will exceed your expectations. ♪ ♪ she loves you yeah, yeah stuart: this is the number one. the first big hit. i remember where i was, what i was doing when i first heard it. ashley: you were in africa, i bet you. stuart: no, this is 1962. i was walking into the school gymnasium with a girl next to

me. her name was christine smith. hey, they're playing the beatles. susan: you were in love. stuart: no, i wasn't. we went in, they were playing that. that's it. ashley: look at that. stuart: that was a long time ago. that was about 60 years ago. what a song. moving on. less than a month to the election in britain, the opposition labour party, the socialists really taking aim at super-rich. tell me more. ashley: billionaires. the labour government says no one needs to or deserves that much money. it is obscene and are pledging to redistribute wealth to the many and not the few. what else will they do? basically nationalize the rail system, utilities and water companies. they will confiscate 10% of big company shares. they will move to a four-day week, higher taxes on the wealthy. probably the most radical assault on capitalism in the western world. stuart: the best news of the day, the conservatives with

boris johnson are -- ashley: have 18% lead. stuart: 18 point lead. not bad at all. we'll take that one. ashley: yes, we will. stuart: thank you, mr. corbyn. we're close to the lows of the day. we're down 50, 60 points. i want to bring back edward lawrence because you have to tell us more about this china and tariffs which is pushing this market down. >> this may be one of the reasons the market is coming down. there was a roundtable in china today. the global times, the chinese newspaper, says in the roundtable, u.s. business leaders, former and current chinese officials as well as the american chamber of commerce. in that roundtable, the u.s. folks related there, said they didn't see enough benefit from a relationship, a trade relationship with china, as they should have. they pointed to the wto ascension or adding china to the wto. chinese officials in the roundtable, saying adding china to the wto helped the entire world. the roundtable also saying they're encouraged, this is according to the global times,

encouraged by the talks that are happening now but chinese officials out of that roundtable say, that any trade agreement must have tariffs rolled back on both sides at the same time as these deals are being made. those chinese officials according to the global times, saying that the u.s. has not given a positive response to the chinese wanting that to happen. this is all predicated on the global times but a roundtable that apparently happened in china ending not too long ago. back to you, stu. stuart: that pushed the market down a little. not that much. we're down 50 points on the dow. edward, thank you very much indeed. let's change subjects. long time game show host chuck woolery says supporting the president has hurt his career. this is the tweet. this is from chuck. to answer your question, yes, i pretty much destroyed my career by openly supporting trump and letting all know i am a conservative. painful at times but true. after all is said and done it was my choice, i can live with

it. i would do it all again and he joins us now. chuck, it has been a long time since we met. it is great to see you again. >> you're one of my favorites, stuart. i watch you every morning. i'm not lying. i witch from you and "fox & friends" back and forth. i watch your show. i love you as well. stuart: give that man a extra hour of airtime. did they actually come to you, face-to-face, you can't have this job because you support trump? >> no, no, it never happens that way. it's a look, it is a gesture, you know, could be a problem. that is all you need to say. now look, i'm not doing anymore game shows. i'm really too old for that. i'm pushing 79, really close to it. that is probably not going to happen and i understand that but i have other clients that i deal with in the world of advertising and stuff like that. the left really comes at you. i am an outspoken trump

supporter, outspoken conservative, outspoken capitalist. i make no bones about it. you know, and i tweet every day. i have got about 650,000 followers. probably would have a lot more if, if i wasn't so conservative and twitter didn't shadow ban me and restrict all of my movements but they want to shut down your voice. that is really what they want to do. i'm not the only one. stuart: i will will i rust el ue support. >> at chuck woolery. stuart: what do you like about the president, relating to your own job? you're a hollywood guy,tv guy. >> i like the way he communicates. everybody says he is stupid. he is obviously not stupid. he is genius one minute and stupid the next. it is a whirlwind. i like the way he communicates. i like the fact he reduced taxes. i think he should reduce them further. i like the fact he is cutting

regulations that shut businesses down. he is doing everything that promotes america and promotes economy. you have got to love him for that. i personally believe that the american people should be dancing in the streets applauding what he has done with our economy but the left won't allow us to do that. deirdre: stuart: speaker pelosi says the president is an i will foster and in way over his head. why don't you respond to that. >> he is not over his head. he is way over his head. he diminished their status by doing business. he is not a politician. he is a disruptor. look what is going on with the state department right now. he is pushing back against the state department which is loaded since fdr with marxists and socialists. they have been there, you know, embedded in our state department. he is pushing back against them. they think they run the show. he is the elected president.

they're unelected bureaucrats. they don't run anything. they serve at his will. they can't stand this because he is going outside their lines. he is doing all these things but getting stuff done. where they can't. he is showing them up. and. stuart: getting stuff done, precisely. you know, i'm amazed to find that you are 79 years old and that you have got all this energy. i am as jealous as the day is long. chuck, that is a fact. >> i could talk like this you know, and very, very slowly. stuart: don't. chuck woolery, everybody. great guy. welcome guest on this program. come anytime you like, chuck. >> thank you, stuart. i would love to. stuart: thanks a lot. change of subject again. we do this a lot. the administration says israeli settlements on the west bank no longer considered illegal by our administration. i'm going to ask a former defense department official if this legitimatizes the expansion of israel? inspector general michael horowitz expected to testify

next month on his report. we're getting early details of what might be in it. i will ask brian kilmeade all about it shortly. chaos in hong kong again. anti-government protesters barricaded inside after university there surrounded by police. we'll take you live to hong kong. we have a live report live from there next. ♪. ♪ ♪ wow! giving one. how did you guys...? >>don't ask. the lexus december to rembember sales event get 0 percent apr for 60 months on all 2019 models. experience amazing at your lexus dealer.

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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: close to the low of the day. chinese officials want simultaneous roll back of tariffs by chinese and united states. that's a negative. stocks down. look at altria, i believe the stock is down sharply, 2 1/2%, yes it is. new york suing juul labs about

the misleading consumers about e-cigarettes. altria has a big stake in juul. chaos in hong kong still going on. 100 protesters holed up inside of a university there barricaded by police. our own jonathan hunt is there with the latest. good evening, jonathan. reporter: good evening, stuart. we're approaching midnight tuesday here in hong kong and we spent much of the day today on the campus of hong kong polytechnic university where that violent standoff has been playing out over the last three days. inside it is shocking. take a look at this.

i'm sorry, stuart. i believe we were supposed to be showing you there was what we shot inside the campus of hong kong polytechnic. as i was saying it is a shocking scene inside there. the destruction really takes your breath away when you walk on to the campus. do we have that now? can your producers tell me? stuart: okay. >> apparently we don't have any of the items we fed in to you, stuart. let me tell you, the destruction is everywhere. what struck me, stuart, in particular was the, huge bomb-making factory we actually found in there. literally hundreds of molotov cocktails, gasoline bombs, strewn across the entire campus. they were being used as weapons obviously the students who were throwing those at the police.

they returned fire with rubber bullets and tear gas. the numbers on the campus now begin dill to just a few dozen. it does appear to be coming to an end, that particular battle, stuart. but clearly the war over democratic rights will go on. stuart. stuart: jonathan hunt, right in the middle of it, jonathan excellent stuff. i'm sorry we couldn't quite get the video up. you really showed us, told us what was happening inside of that university. jonathan hunt. good stuff. back to later. thank you very much. secretary of state mike pompeo believes israeli settlements on the west bank are not illegal. former defense department official is with us now. mark, this is a big shift in america's policy. does it in some way legitimatize an expansion of israeli territory? >> the signal the united states is taking, similar it took to support the embassy move to jerusalem and israel's annexation of the golan heights,

yes, this does endorse a potential annexation of the west bank. the signal the u.s. is sending which contravenes previous administrations is in support of the israeli government. it's a political gift to netanyahu. it send as green light to the israelis at a point in the future, u.s. would not oppose israel's annexation of the west bank which i think is significantly destablizing. stuart: this is not about the peace process, whatever it might be between the israel and the palestinians. >> it is about the expansion of israel and the dominance of israel, that's it, isn't it? >> i think the administration believes despite its attempt to try to create and revive a peace process with a peace plan that is led by presidential advisor kushner, the administration believes that the peace process is likely dead. otherwise they would not likely be making these decisions which unilaterally strengthen israel's position and make peace even more unlikely.

in many ways this is primarily timed by politics both here at home and in israel. president trump is interested in giving netanyahu a political gift to his opponent benny gantz window the time to form a government closes tomorrow this is support and showcase to president trump's political base here at home with evangelicals see this benefit and showcase u.s. sport for israel. politics is driving this decision. in administration's view the faxes on the ground, pass process is dead. they want to find a unilateralry to support israel, and even though makes chance for peace less likely in the future. stuart: mark, thank you very much for joining us. we appreciate your clarity. >> thanks, stuart. stuart: okay. remember him? kyle busch, on the show last week with three other nascar finalists. next hour, he is going to join us again but this time he is the

champion. he brought his trophy with him. chick-fil-a says it will stop donating to the salvation army and another, other christian charities because of the backlash it got from the lgbtq community. did chik-fil-a cave to the pc people? brian i will mead weighs in -- brian kilmeade weighs in next. obvious. sometimes, they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances.

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stuart: get straight to him. brian kilmeade. we join him right now. he is the host of the "brian kilmeade show." before we go any further, i want to play a brief sound bite from "the wall street journal"'s kim strassel talking about the upcoming ig report. roll that tape, please. >> there are going to be some criminal referrals. there is also just going to be a lot of calling out of very bad behavior and rule breaking internally. people are going to be held to account. i think if you're talking about a report that is that big, this isn't going to focus narrowly on justifies is a court abuse. it will go more broadly to a lot of different behavior. we know, for instance, that the inspector general from some of

his prior reports has been hugely concerned with leaks, for instance. so we'll see how far he gets. stuart: criminal referrals, brian. rule-breaking. held to account. you know, this is a big deal about what really went on at the 2016 election. could it push impeachment to the sidelines? >> interesting, december 11th is the day we hear from horowitz. we'll get it obviously before. i imagine the right thing to do give us a week to digest it and then when horowitz comes out he is there to expand on it rather than break the news. i do believe, peter strzok and andy mccabe, got all their contributorships are going to be front and center. we already know there is problems with peter strzok. we know reported that his wife had access to the cell phone because of his affair he was having. is that in the national interest? things will remove the pressure on trump and less trump against members of the fbi and

intelligence appat russ, more the civil how intelligence operated. my fear is, stuart, the republicans don't care about the impeachment hearings here and democrats which is most of the media will not care about what happens with horowitz. if a report falls in the wood and no one reports it do we see it? that is my worry. my thing is, it has to be so deliberate and obvious, not nuanced. even the word fisa, you're aware of this more than most because you do this thing with financial markets, you try to knock it down to the every man. stuart: i do. >> just talk about exclusive court that really makes up its own rules. they were counting on people being honest to deal with, because you can get a warrant on anybody. we'll have a reevaluation of that system. we'll have some names there. so, i actually like the, the question that is going on today, actually could play into the horowitz thing, there is a lot of plotting and planning going on, just work against the country's interest, certainly against the trump

administration. stuart: it will be a revelation. hold on a second, brian. i will segue to ashley for a moment. we're told that chik-fil-a is dropping donations to the salvation army. ashley: two particular groups, the salvation army and fellowship of christian athletes. both claim critics are opposed to gay marriage. they support, what would be considered traditional family values. they have been under a lot of attack for this. now they have decided to not fund those particular organizations. they say that they will focus on education, homelessness and hunger. governor mike huckabee, who is on the show a lot is very upset. tweeting this is a very sad day. stuart: it is. ashley: that they were forced into this. stuart: i agree with that. it is a sad day when salvation army doesn't get money from chik-fil-a because of traditional marriage versus gay marriage. i am shocked. >> i will go from the business angle.

you have morals in business and ethics. you feel as though you want to get to widest audience and as possible keeping your values. same-sex marriage, those particular organizations according to reports i haven't read it, they are against same-sex marriage. they will not give money to it. if you're chik-fil-a, feel backlash, maybe homosexual relationships on the board, maybe same-sex relationships on board of chik-fil-a, i'm not sure. you want to make that decision, you have to decide if you want to go there, the same way when they are closed on sundays, they have other standards two days ago, you will make that decision again. so it's a business decision but again, in 2018 same-sex marriage viewed a lot differently in 2019. maybe perhaps they're changing with the times. you know somebody i think that might push back? mr. conservative, say i applaud what they're doing, chik-fil-a is doing, might be dick cheney. whose daughter is involved in a same-sex marriage. so i have trouble telling

organizations what to do whether i agree or not. i give my opinion but i will not tell them how to balance their books. they made courageous stands before. i will sit back and let them explain themselves. stuart: okay. just surprised that anyone would stop contributing to the salvation army. that is my point of view. brian, thanks as usual. we dealt with some pretty weighty subjects right there we appreciate you being with us always, brian. >> great to see you. hope i see you in the hall at christmas party. stuart: you got it. low of the day. down 122 points. chinese officials want a roll back simultaneously by both america and china of tariffs. that is why the dow is down 120. senators cory booker, bernie sanders proposing a new federal agency to control drug prices. just what we need, right? more bureaucracy. i will ask indiana republican senator mike braun about this. the fifth, count them, the fifth democratic debate tomorrow

night. i think it's a deeply chaotic and divided party and i think that debate will be a circus. you will hear more about that on my take top of this coming hour. when you shop small you help support your community - from after school programs to the arts! so become a regular, more regularly. because for every dollar you spend at a small business, an average of 67 cents stays in the community. join me and american express on small business saturday, november 30th, and see how shopping small adds up.

stuart: i find it very hard to get to grips with the modern democrat party. it seems utterly chaotic. they're try to respond to an unusual precedent, and i think they're making a mess of it. speaker pelosi just called president trump an imposter. she says he knows that he's in over his head. does the speaker have any idea how statements like that will be taken by our adversaries? the chinese, for example? the speaker is trying to remove him from office on the basis of a phone call to ukraine. who, exactly, is in over their head? then there's president obama. he mildly suggested that democrats are going way too far to the left. the fact that the most respected name in the party has to issue a

warning speaks volumes. that is a split. when michael bloomberg filed the early paperwork for a run, he was met with a barrage of criticism. senator warren star castfully pointed -- sarcastically pointed him to her billionaire calculator. so here's a party that includes a couple of billionaires racing against each other, racing against socialists in the same party in the same race for the same nomination. defies logic. we haven't heard much from joe biden. he doesn't have a rigorous event schedule, but he did emerge over the weekend to declare marijuana a gateway drug. some of the other candidates favor full legal aition. legalization. is this another split? tomorrow night for the fifth time ten candidates debate.

six candidates just didn't qualify. that's aer cuts, especially when the moderators include rachel had dow from msnbc has ever had a nice word to say about the president or any republican, for that matter. this week on full display a chaotic, deeply divided party, farcical democrat-led impeachment hearings and a circus-like debate. must see viewing? not. but very revealing with less than a year to go to the election. the third party -- that would be the third hour of "varney & company" is about to begin. [laughter] ♪ ♪ stuart: i'll get back to that in a moment. i want to alert you to the news on chinese trade. china officials reportedly say both countries must roll back tariffs simultaneously are in order to reach a trade deal, and the united states has not shown a willingness to do that.

that sent the market much lower, now we're down 127 on the dow, back to 27,908. more on this later this hour. all right, let's bring in elizabeth macdonald, host of the highly rated, and it is, "evening edit" show. liz, i just called the democratic party chaotic, deeply divided, and the debate's like a circus. would you have any comment of your own? [laughter] >> from the varney spin-off of -- it's, i'm in agreement. i'm watching all of these headlines coming out of d.c. "the washington post" is saying the democrat party is now bracing for not having a front-runner until the summer. so that's ooh a protracted primary fight. this is a wounded party, a split party, a divided party. let's put the viewers in a time machine going back to 2006. what would americans back then, just 13 years ago, say to these democrat far-left headlines, you know, government takeover of health care, government takeover of energy, you know, abolish

i.c.e., you know, free health care for illegals. you know, so you have to say to yourself the american people have to look up, see what's going on in the democrat party, listen to what former obama officials like neera tanden are saying, that elizabeth warren and bernie sanders never got 60 votes for anything including any bills, so why would voters want to go for their government takeover of health care? so, you know, the common sense seems to be now coming out of the obama side of the aisle. stuart: let's switch from politics to money. we've asked a lot of our guests this morning when are we going to get to 30,000 on the dow. if i asked you that question, what would be your answer? >> well, if a trade deal pops before christmas, you're going to hit it before christmas. incrementally, it's easier now percentage wise to hit 30,000 than it was when you're at 15,000, right? it's a quicker, faster ride. so right now we're seeing, as the next story shows, goldman sachs and morgan stanley saying

we're going to have a pretty decent ride -- stuart: let me stop you there. that's dealing with the market. am i right in saying that goldman sachs, they think the market -- the economy snaps back next year? >> yeah. stuart: so expands a bit more next year? what's jpmorgan saying? >> so here's the story, they're saying the trade tariffs, the tariff fight has already peaked, that they hit maximum peak tariffs. they see it scaling back, that the president will work on phase one interim deals to dial back on those tariffs which help global growth. goldman sachs is ballparking half a percentage point knocked off of global gdp growth. morgan stanley is saying the same. seeing a solid, good year for u.s. equities in 2020. stuart: all right, that's good stuff. now, i want to talk about the consumer. how strong is the consumer? bearing in mind we got some retailers reporting this morning, and not all of it was

good. home depot -- ashley: yeah, let's start this. revenue camming in short, same-store sales at 3.6% globally, that was not as strong as hoped for, cutting its sales forecast for the year. also its same-store sales forecast for the year, so that hurt the stock and, in fact, it was down about 8% or thereabouts in the premarket -- stuart: it's still down. ashley: let's get to kohl's, who have tried to partner with amazon, all sorts of things to get people in the store. did okay on revenue, but their earnings per share came in short. they also lowered their guidance as well, not good news. but on the other side of the coin, tjx companies, these are the tj maxx and the marshalls, revenues, earnings all very strong, and they raised their guidance. stuart: look at that on the screen. can you get that screen back, can you, please? i just saw three department stores -- macy's, kohl's and the

other one, nordstrom. look at 'em, 17% down, 10% down, 6% down. i would say that these reports don't demonstrate consumer weakness -- ashley: no. stuart: -- they demonstrate department stores getting clobbered. elizabeth: yeah. it's a department store field. and xrt, that's the retailers for department store it is, only up 11% versus the s&p up more than double that. consider home depot as sort of a department store for remodelers, but taking a hit to revenues because of its online strategy. it's trying to refocus toward that. builder sentiment, though, is up. public permit for new construction at a 12-year high. so honestly, the home depot thing is a signal. east of these -- either of these as a signal for the u.s. economy -- stuart: what's taken the market down is china trade, it is not weakness in the consumer sector. got that one down. now, new york's attorney general investing wework. now, this is a lot of background -- there's a lot of

background here. they're laying off a lot of people, a third of the work force very soon. and now an investigation -- this is the crash of an otherwise promising unicorn. elizabeth: yeah. it's really shocking. what was going on behind the scenes with the former chief executive, adam nowman, and the team there -- newman, was astonishing. the question is where were the board? he was buying properties, adam newman, that he was leasing back to wework. he borrowed against his own stake in the company. he had planned to charge wework $6 million for the use of the trademark we, but really the story is the crazy run-up of acquisitions in companies that had no purpose inside that company. a surfing wave creating companies because adam newman likessed to surf. so -- liked to surf. you're going to seedy vesttures likely, and the question is why

was the board allowing this crazy roll-up in acquisitions at wework that had no really singular purpose -- stuart: and the outrage is that he walks with well over a billion dollars, and the workers are being laid off and put in the streets. elizabeth: yeah. where was the board on this? stuart: well saided. american express is offering big, fat bonuses to businesses to get them to take their cards. the stock this morning virtually unchanged, 120 a share. california will stop buying gm, toyota and fiat chrysler and other carmerricks. they're siding -- those carmakers side with the president over those tailpipe emissions rules. got it? it's another big day in washington. impeachment proceedingsen continue on the hill. -- proceedings continue on the hill. it's a snore, in my opinion. some top administration officials are hitting the ground running on usmca, doing a media blitz for us trying to -- for it

trying to drum up support. edward lawrence will break it down. in 20 minutes president trump meets with other cabinet officials at the white house. you know we're going to get headlines from it, and you know you'll hear 'em here first. that's a promise. live action show just ahead, just getting started. this is the third hour of "varney." ♪ ♪ i am the twisting thundercloud. i am royalty of racing, i am alfa romeo. so why isn't it all about you when it comes to your money? so. what's on your mind? we are a 97-year-old firm built for right now. edward jones. it's time for investing to feel individual.

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chose the plan that's right for you. the call is free and there's no obligation. you know medicare won't cover all your medical costs, so call now! and see why a medicare supplement plan from a company like humana, just might be the answer. stuart: there's an update here to the nk attorney general suing juul are, the vaping people. we've got juwith ul's response? -- juul's response? ashley: it says we remain focused on e setting the vapor category in the u.s. and earning the trustgeneral, regulators anr

stakeholders to combat underage use and convert adult smokers from combustible cigarettes. stuart: this is all about vaping devices getting in the hands of teenagers. ashley: exactly right. stuart: and california's done a ban -- ashley: they've sued on the angle of the teenagers. they say juul ran big tobacco's playbook, and the results were predictable. millions of teens, according to california, have been now using their product. stuart: and altria got a big stake in juul, they're down nearly 2%. that's a big drop. ashley: a lot of backlash. stuart: senators cory booker and bernie sanders propose a whole new agency to set drug prices. our favorite senator to talk health care is indiana senator mike brawn, and he's with us now. mr. senator, why is it that socialists always go for these gigantic new government bureaucracies? are they trying to turn the

whole country into a dmvsome. >> i give them credit, they're generally out front on the issues, but this is not a bureaucracy or agency that they don't love. here's what the issue is. health care is a basket case. it costs us twice as much here in this country as it does anywhere else. the industry has been so obstructive to trying to fix itself, so the industry needs to realize that some of this stuff happens here. when you do not improve your performance, i don't think that's going to happen because democrats never talk about how you're going to pay for it. we already don't pay for 20% of the government that we spend money on, so i don't think that's going to happen. but they certainly could outmaneuver us if we don't get with it as conservatives, quit apologizing for a broken industry, dragging our feet on reforming it, and especially the industry needs to take note. 80 senators have weighed in to

try to fix its business, and it is broken. stuart: okay. i want to talk to you about president trump's executive order -- >> yes. stuart: -- that forces hospitals and insurance companies, doctors to be transparent about their prices. so you go to the hospital, and they give you a list of the charges that you're going to be made to pay for this particular procedure. that's fine. i mean, that's really good. transparency is good. but i've till got to pay those high prices at the end of the day, haven't i? >> well, until the transparency actually kicks in along with no barriers to entry, competition and the consumer getting energized. none of that is occurring in health care, and that's why i think the industry needs to take note. i don't know if we have enough time to legislate them into free enterprise. some of my colleagues get confused here, refer to health care as the free market. totally not free because it doesn't do any of the things the rest of us do. so i think that time is running

out before there'd be a political cascade to where you do have the bernie plan. it'll be the industry's fault in that happens. stuart: yeah. it's a long delay before we get anything serious actually happening. senator braun, it's always a pleasure to have you with us, and we appreciate you being here today. >> thank you, stu. stuart: sure thing. oh, just brought a trophy in next to me. i was distracted. [laughter] vegans are suing burger king. e. mac? elizabeth: yeah. they want damages. they want the judge to order burger king to stop cooking vegan burgers, the 'em possible burger, on the same broiler as whoppers. here's the kicker, burger king is saying, listen, you can ask that they be cooked in the oven instead of on the broiler. [laughter] i don't see how this goes forward. stuart: they have to isolate the meatless meat. elizabeth: walk in, tell the cashier you want it cooked in

the oven. stuart: why would you go to burger king in the first place? [laughter] quick check of some surprisingly big movers. peloton, there you go, it's been surging recently. their offering price was $29 a share, now they're at 31. billionaire george so process owns some of -- soros owns some of that stock, one and a half million shares of it. investors seem to like that. 31.20 on peloton right now. canopy growth, that's a canadian legal marijuana company. they've been taking it on the chin recently, but right now they're up 5.5%. they posted some positive earnings, and they're optimistic about their retail sales in the future. stock's up 5.7%, $15 a share. next case, we have the man on your screen, there he is -- ashley: there he is. stuart: on the show last week, nascar's kyle busch. that was before he won the monster energy cup. he's back and he's got a trophy with him. you can bet we will show you that trophy up front, because i've got it sitting next to me. ♪

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at 180 miles an hour? >> it's exciting, there's big strategy involved with the sport and, of course, there's a lot of money up for grabs being able to go out there and win the race and the championship. but also with our sponsors and everybody involved in our sport, a big industry. you know a lot about money. stuart: well, a couple of things here and there. okay. [laughter] he won. that was kyle busch you just saw, and he won. on sunday he won and, guess what? he's with us again today. kyle busch -- >> luck are key me -- lucky me. stuart: congratulations. >> yeah, i appreciate it. stuart: two hours to win, how much money did you win? >> i'm not exactly sure what the a payday is, i'm guessing it's around $3 million maybe? so yeah. stuart: but you get more from sponsorship than winning the race. >> i get paid by joe gibbs racing, joe gibbs racing gets paid by the sponsorship. technically, yes.

m&ms is paying my bills, for sure. [laughter] stuart: last week i said it's boring, you just go round and owned -- >> uh-huh. have you ever been to a race? stuart: no. >> then don't ever tell me it's boring. [laughter] stuart: all right. you take me through the first half -- give me 30 seconds on the race. tell me. >> yeah. we all started top four, all four of those guys last week we all started one, two, three, four, and we raced around each other first parts of the race. martin truex jr. was out front, but we started in the day and ended at night. so as the track went through a transition of temperature, our car got a lot better, and we passed denny hamlin, kevin harvick, and then we got into second place. on one of the final restarts of the race, again, we were actually all one, two, three, four in the race, and i took off with the lead. those guys got to scrapping a little bit back kind of behind me p and i just slowly kind of drove away a little bit and put

myself right off into the sunset and brought home an awesome trophy. stuart: that is awesome. 68 pounds' worth -- >> i carry it around on my back. [laughter] stuart: a sense of elation? you won and didn't die. >> yeah, absolutely. anytime you don't die, you win, right? no, when you cross the finish line for a championship race like that knowing what that moment means, that's all we live for, that's all we strive for. there's just a sense of relief first, you know? for the amount of work and effort and everything and the sacrifices that the teams' families have to go through and my family has to go through, there's no greater satisfaction than living in that moment. stuart: shake this hand, it's not boring -- [laughter] >> come on out. we'll give you a treat. stuart: you're on. maybe, maybe. kyle, thank you. >> all right. stuart: let's change the subject. elizabeth warren -- yeah, i'm changing the subject. [laughter] she's pushing the wealth tax. wait for it, a former obama

treasury secretary says the governor can get -- government can get much more money not from a wealth tax, but by increasing the audits that you face from the irs. what would grover norquist think about that? ashley: not much. stuart: i'm going to ask him. capitol hill, trump administration making a big push for the usmra, edward lawrence on it. we'll hear from him in a moment. president trump meeting with cabinet officials, just a few minutes' time. the focus will be on the administration's accomplishments. we, i hope, are going to see some headlineses from that meeting on china trade, because that's what's moving the market we'll be back. ♪ ♪ driverless cars,

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stuart: a white house meeting, president trump and the cabinet coming up shortly. maybe there'll be headlines from it. if there are, you'll be the first to get 'em, that's a promise. there's a big push on capitol hill. the administration's trying to drum up support for the usmca. edward lawrence is with us. give us some headlines for this push for the new nafta. >> reporter: at the white

house the president, treasury secretary steve mnuchin, agricultural secretary as well as economic advisers all doing interviews with local news outlets to put pressure on house democrats in their local districts. 70 interviews will be done today to push usmca to get that ratification vote. the administration's going to highlight how it will create 176,000 jobs, also the u.s. chamber of commerce as it modernizes nafta. they say it adds intellectual property protections as well as adding digital trade in there. this is also meant to highlight the fact that democrats in the house are focused on impeachment today with hearings, the administration is focused on trying to get the economy going and continuing that expansion. we do have one democrat though today, the chairman of the house ways and means committee, saying that he could see usmca ratified before christmas. but that's just one. the one who needs to schedule the vote, house speaker nancy pelosi, has not gone that far yet. she just says she hopes it will

be ratified this year. stuart: and speaker pelosi has called the president an imposter, which is fascinating. edward lawrence, appreciate it. check that big board, now we're down just 85 points, and we are narrowed the loss. chinese officials reportedly say both countries must roll back tariffs simultaneously to reach a trade deal. the u.s. is not willing to do that at this point. that's what set sent the market lower earlier. all right, we've got the dow now down 83 points. another stock to check is blackstone. senator liz warren says they shamelessly profited from the housing crisis. not affecting the stock, it's down 1% in an otherwise down market. speaking of senator warren, she's still pushing for that wealth tax. our next guest says maybe it's unconstitutional, and it will certainly be very difficult to raise that money and assess the tax. grover norquist with us, americans for tax reform president. lay out your case. what's wrong with the wealth

tax? >> well, first of all, when we went to create an income tax in the united states, and congressmen and senators and presidents looked at the constitution, the supreme court looked at the constitution, said you can't do an income tax, you have to amend the constitution. so the constitution was amended, that was a mistake, to allow an income tax. and now they're talking about a wealth tax. look in the constitution and see where that's allowed. it isn't. so they may do something that taxes income and call it a wealth tax, but a wealth tax itself would require a constitutional change. now, the president's not going to -- any president putting in a wealth tax one way or the other is not going to raise as much money as they want. we have the history of 12 nations in europe. europe likes to try and do stupid tax tricks, and nine of them put in a wealth tax. nine of them have pulled it back. france sort of has a little bit of one on land. spain took it out, put it back when the left came into power. you really have two countries that have stuck with it.

they found they didn't raise anywhere near the money, and it's a massive loss of any sort of privacy because the government needs to know how much gold is in your teeth. [laughter] stuart: oh, dear me. okay. grover, larry summers, former treasury secretary, he says if you increase the number of audits, you could bring in $535 billion in a ten-year period, much more than the wealth tax would bring in. what do you make of the irs, more audits? >> larry summers thinks raising the capital gains tax raises revenue, so foo by on him. but the idea of setting up a police state to squeeze out more money is manager that the left brings -- something that the left brings out all the time. they tried this in the '80s. if you have a tax code that requires more and more all the time, there's something wrong with your tax code. taxes should be reduced so that they're simple to pay and easy to deal with, not try and get more and more police. there's something wrong with your laws if you need too many

police. stuart: okay. let me -- i've got to move on. >> yeah. stuart: listen to this. pope francis, he says that the greed of some is causing the poverty of many. your take, please? >> greed is when you want what somebody else has earned and somebody else did. that's a what the tax and spenders are, that's the party of greed. people who are defending the income and the wealth that they and their families create are not greedy, they're just being honest that we ought to be clear that when you want somebody else's money, you are greedy. something you didn't earn. stuart: grover, you get straight to the point, and that's pretty good. thank you very much, sir. all good stuff. >> good to be with you. stuart utah so i think this is an appropriate moment to bring in jonathan morris, fox news contributor. good morning, jonathan. >> thank you. stuart: is that a correct form of reference? >> yes. stuart: what do you make of the

greed of some results in the poverty of many -- is he a socialist? >> that's actually true. stuart: no. >> it is. let me explain to you why. depends what your definition of greed is. when greed -- and i think this is what it has to do with -- when you're breaking the rules to take from other people, well, yes, you're going to cause all sorts of impoverishment because you're not allowing them opportunity. but if you mean greed just means getting wealthy -- stuart: yes. >> no. stuart: that is what he means. >> i don't think so. growth greed is a theological term. it has to do with wanting to take from another person and get more than you deserve. okay? and deserve means you're breaking the rules. stuart: what's the biblical basis for that statement? >> john paul ii talked about the difference between capitalism and unbridled capitalism, okay? and we'll get to biblical part in a is second. -- in a second. unbridled means there's no

regulations involved and you can do whatever you want. keep in mind pope francis from argentina, the capitalism he knows is not capitalism. it's unbridled capitalism that plays into really a greed. stuart: socialism, actually. >> yes, exactly. i'm with you on that. stuart: okay. really? i want to talk to you about, you went to kanye e west's service the other day in houston. >> i did. yes. stuart: what did you make of it? >> i went on behalf of martha maccallum to report back. kanye west went to joel osteen's church. he gets criticized for being a prosperity gospel church. if somebody's wealthy, they've been blessed by god. kanye west has also talked about being prosperous. i believe kanye west's faith is sincere, no doubt. i believe it's sincere. now, we'll see how it plays out long term, but i was able to talk with him, i was able to talk with joel osteen, i was actually able to ask kanye west

about how his relationship with kim kardashian is going -- stuart: he's a gospel guy, and she's very materialistic. >> she was right there, he kind of looked over at her -- first of all, she was attending this worship service. i was very impressed by that. but he was saying, hey, it's a blessing from god, and we're both getting better. that's a lot like most marriages. not everyone's in the exact same spot, and i think kim kardashian is allowing kanye to be himself and vice versa. and, hopefully, they're both helping each other. stuart: jonathan morris -- [laughter] >> thank you. stuart: thanks for being with us. >> my pleasure. stuart: i wish we'd have you back and speak more at length about this -- >> almost every single business situation has an ethical dimension, and i think it's worth discussing. [laughter] stuart: if i've gotten any ethics, i stole them from somebody. you knew that. >> thank you. stuart: kylie jenner -- i'm staying with the kardashian family.

[laughter] kylie jenner just made a huge ton of money by selling her stake in her cosmetics brand. first of all, liz macdonald, how much did she make? >> well, the company, $600 million, that's what coty paid for the majority, 51% stake. the there's no keeping up with kylie right now, kylie kardashian. she's the youngest billionaire mogul on the planet. she invested $250,000 in this cosmetics chain, stuart, just four years ago. watch this, she now has 270 million social media followers. with one post she can hit more people than, it's more than double the number of people who watch the super bowl. so this is kylie jenner, we're talking about a $1.2 billion valuation right now for her cosmetics line. stuart: 22 years old, genius. give it to her. okay. on the other side of the millenium spectrum, millennial spectrum, some college campuses are now offering classes on how to be an adult.

[laughter] ashley: because many students entering college, and i say many, but that is apparently the truth, have not mastered the basic skills of life like changing a tire, balancing a checkbook. but they give a reason for this, and i can see your eyes rolling before you do it, but or apparently millennials are under a lot of pressure these days to pass college entrance exams and achieve high grade point averages, giving them little time to earn life skills. plus hovering parents, you know, and all the rest of it. it's hard out there, stu. stuart: i'm going to move on before i explode. [laughter] ashley: yes. no, i understand. stuart: next case. we have gotten word that the inspector general will testify before the senate judiciary committee next month. all about the russia investigation. remember that? 2016. up next, matt schlapp, i want to know what he's expecting from that upcoming i.g. report. cocould be a very big deal. we're waiting for headlines from the cabinet meeting from the

white house. when we get 'em, you'll know. "varney & company" rolls on. ♪ nationwide helps you invest for your future, brad. so you can plan for retirement and save for college. oh, that explains this. the nationwide dome. state-of-the-art venue. 80-yard screen. fantasy sports lounge. climate controlled seats. sushi bar. club level pool. really? lastly... retractable roof. whoa. are you kidding me? peytonville showed no mercy. go peytons. (pop) kind of lackluster. eh, still working out some kinks. who they playing? the brads. worst team in the league. of course.

stuart: thousands of new disney plus acs have been hacked. liz? elizabeth: well, they were sold. the access to disney streaming accounts sold for half the price on the dark web. so $7 a month people buying it on the dark web for $3 a month. disney saying personal information not breached. stuart: you see, when you say hacked, oh, my personal information is out there. no. all these people have got is for $3 they get access to your disney plus accounts -- elizabeth: some people were blocked and couldn't get onto their account. stuart: it's not quite the same as having my financial life

exposed to the world -- elizabeth: you don't stream anyway, so what are you worried about? [laughter] stuart: i'm not, the headline was misleading. ashley: it was a fake hack. stuart: calm down. i should calm down -- [laughter] it's true. inspector general michael horowitz will appear before the senate judiciary committee next month to testify on alleged surveillance abuses in the 2016 presidential campaign. this is the deep state, we're talking about. shall we say that? kim strassel, wall street journal, earlier this morning says, look at this. what to expect. listen. >> there are going to be some criminal referrals, and then there's also just going to be a lot of calling out of very bad behavior and rule breaking internally. people are going to be held to account, and i think if you're talking about a report that is that big, this isn't going to focus narrowly on just fisa court abuse, but it is going to go more broadly to a lot of different behavior. we know, for instance, that the inspector general from some of his prior reports has been hugely concerned with leaks, for

instance. so we'll see how far he gets. stuart: yes, we will. serious stuff, it sounds like. come on in, matt schlapp, american conservative union chair. this is serious stuff, and it's coming out soon. does it push impeachment onto the sidelines? >> you know, stuart, i think the democrats have been trying to impeach this president since 19 minutes after he was sworn in, so i don't think anything will get their attention. [laughter] look, this is a really troubling thing. look, even if you're a liberal and you're listening to stuart varney's show, just hear me out. if a president of the united states and a vice president of the united states, biden and obama, could actually direct our intelligence agencies to keep tabs on the trump campaign, their political enemy, this it a massively larger and more troubling story than anything we're hearing schiff weave up there in congress. this is a very, very troubling

point of time in our history, and if nobody goes to prison for this abuse of power, it will happen again. i've been around this town enough, if nobody's punished, they'll just do it again. and the democrats, essentially, will be able to use the levers of power to, you know, never lose the white house again. and, you know, this is -- something has to happen. i think the i.g.'s report, hopefully, is a setup for the real investigation that barr and durham are overseeing at doj. stuart: hold on for a second because at the top of the hour, i launched into an editorial suggesting that the democrats are in a state of chaos. they debate again tomorrow night. i bet you just can't wait, matt schlapp. >> i do think this is overshadowing their debate. their debates have demonstrated even to democrats one thing, stuart. they don't have the candidate to beat donald trump, which is why you're hearing about hillary clinton making moves, which is why deval patrick is making

moves, michael bloomberg. democrats sinking in, a senile jo biden -- joe biden, the man has lost his fastball. and the squad and the socialists, they're not going to get it done. they're not going to beat trump. stuart: okay. nice way to wrap it up. thanks very much. quick stock check. start with roku. down today. the company says they might offer up to a million shares, put them out there. that dilutes existing stockholders, 4% down on roku. home depot, bigtime drag on the dow. the reason they're down so much is because they gave a not so rosy forecast for sales in the future even as their quarterly sales were up more than 3%. the stock is down 5%. that's a big drag on the dow. next one, you know we love a good space story here, yes, we do. a new report for european space agency says that knock out astronauts, putting them into a

state of suspended animation, can help us reach mars much easier. i want to know what mitch owe cock cue thinks about that. he's on the show next. here, it all starts with a simple...

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stuart: scientists say they've developed an unsinkable metal that could be used to build giant floating structures, even cities. i want to know more about this, and there's better person to bring in than michio kaku, author of "the future of humanity." could -- first of all, what is floating metal? >> well, your imagination runs wild thinking about this, right? the titanic would never have sunk, cruise ships never run aground. your mind goes crazy thinking about it. but then you have the reality check. wood also floats, and a wooden raft, if you pile enough cargo on it, will sink. and so if you put a i city on top of this metal, if you have enough of it, it will sink. stuart: okay. >> now, why does a battleship float? a battleship's made out of

steel. why does it float? stuart: displacement. >> well, it's hollow inside. so why not drill tiny little holes in metal so there's a crisscross, a honeycomb of tiny little pockets of air, so basically this metal is hollow. that's why it floats. stuart: it couldn't be used for a city, i could see that, but what could it be used for? >> it could make it easier to ship things, to make it more difficult for ships to sink. depending on the cargo. if you have enough cargo, a ship will, in fact, sink, but it'll make it much more difficult because it will float. stuart the europeans are talking about putting astronauts into a state of usen pended animation -- suspended animation so they can go on extremely long space flights, for example, to mars. is this a practical thing? >> well, it takes nine months to go from the earth to mars in a spaceship. the world's record for being in a suspended animation is only a few minutes to a few hours, so there's a lot of gaps -- it's

not a sunday picnic. we're going to have a lot of gaps, extend the amount of time we can put somebody in us penned animation before -- suspended animation before there's brain damage and damage to the tissues. stuart: so we can't get to distant planets and distant stars unless we find a way of putting restaurants to sleep or whatever for a considerable amount of time. move faster than the speed of light. >> first of all, it's costlier because you have to have cargo, food, oxygen. if you're in suspended animation, you don't have to worry so much about food and oxygen, it's cheaper -- stuart: it's a long ways away. >> it's a long way away. we can do it to animals to a degree, but it's never been done successfully on humans. in a hospital you can put somebody in suspended animation for a few minutes, but beyond that you get brain damage. stuart: could we go to distant planets if we figured out how to travel faster than the speed of light? >> that's the whole ball of wax.

if you figure that out, tell me, we'll get the nobel prize together. [laughter] worm holes allow you to have a shortcut through space and time, and it was einstein himself who introduced the worm hole in 1935. but to create a tear requires a black hole. so first, get a black hole. then, second, having something called negative energy to stabilize it so it doesn't crush you. and bingo, you have it. stuart: i think we're a long way away, i really do. [laughter] michio kaku, we're a long way away. appreciate it. >> okay. stuart: all right, everyone. we'll regroup. there'll be more "varney" after this. ♪ attentions veterans with va loans, va mortgage rates have just dropped to near 50 year lows. veterans can refinance their va loans with no income

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stuart: president trump meeting with cabinet members in the white house. we're waiting for a headline coming out of there. he is talking about the economy. he tweeted earlier about the nasdaq composite which is amazingly up 27% this year. that is called a rally. as for the markets we're down over 100 points for the dow industrials. chinese officials say both countries must pull back tariffs simultaneously in order to reach a trade deal. america is not showing willingness to do that at the moment. we're down 102 as we speak. favorite story of the day, vegans going after burger king because they grill their meatless burgers on the same grill as the meatburger. >> it's a joke, a group of vegans going into burger king. sounds like a joke. judge is saying they may have a case. >> no they don't, sorry, they want damages. they're saying the judge, stop what burger contending is doing. you can go into burger king i

want my vegan burger kicked in the oven instead of on the grill. stuart: idea you must have no contamination. you must isolate non-beef permanently from everything else. that is where we stand, neil. it is yours. neil: that is good to know. we have a lot coming up here in the next couple hours, following a market you're following, confused on the trade front. investors rattled by trade progress all of sudden looking like not like progress. u.s. and china have not come to agreement rolling back all the tariffs. remember the chinese want them all rolled back. president trump is entertaining rolling some of them back. therein lies the rub. home depot situation, concern with kohl's maybe concern the retail sector is not firing on all cylinders. you have 90 points on the dow. in and out of marketds