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. maria: have a great day, everybody. "varney & company" begins right now. stu, take it away. stuart: good morning, maria. good morning, everyone. let there be no doubt. consumers have money and they are spending it. just look at target. sales up, profits up, online sales way up. foot traffic up. most importantly, target thinks the holiday season will be strong, very strong, and the stock is going straight up. look at that, up 9% premarket. just yesterday, home depot gave a weak outlook and its stock went down. target to some degree reverses that. next case. carl icahn thinks shopping malls are in really big trouble. he's placed a big bet that the mall owners will lose big-time.

the "wall street journal" calculates that icahn will make $400 million if he's right. more on that in a moment. let's get to the market. down yesterday, and probably opening a little lower this morning. president trump says if china doesn't make a trade deal, he might raise tariffs even more. he also said he's very happy with china because the treasury has taken in almost $100 billion from tariffs. all right. the dow is going to open down about 80, s&p down about 9, nasdaq down about 32. but all of them still right at record highs. in a couple of hours, really big meeting in texas. apple meets the president. tim cook meets donald trump. this is at the new mac pro factory in austin. pivotal meeting. it's about building apple products in america. it's about tariffs on apple products. it's about china trade negotiations. it is a big deal meeting. just as important, what will the president say to reporters when he leaves the white house?

we will certainly tell you. "varney & company" is about to begin. did either of you ever have any evidence of quid pro quo? >> no, ma'am. >> ambassador? >> i did not. >> any evidence of bribery? >> no, ma'am. >> no, ma'am. >> any evidence of treason? >> no, ma'am. >> no evidence of treason. stuart: how about that. congresswoman stefanik questioning the former ambassador to ukraine, kurt volker and former national security council staffer tim morrison. no crime. that was the bottom line from yesterday's hearing. blake burman, come on in from capitol hill. you've got 30 seconds on gordon sondland's testimony today. reporter: it is explosive, stuart. we have just gone through it. it is 19 pages long and in it,

he outlines a quid pro quo. sondland is the u.s. ambassador to the european union. at one point he says quote, as i testified previously, with regard to -- was there a quid pro quo, as i testified previously with regard to the requested white house calls and white house meetings, the answer was yes. that's page 14. let me direct you to page 5. quote, mr. giuliani's requests were a prquid pro quo. mr. giuliani demand ukraine make a public statement announcing investigations of the 2016dnc server and burisma. mr. giuliani was expressing the desires of the president of the united states as we knew that these investigations were important to the president. page 17, real quick, as i flip through, last one, sondland also says quote, by the end of august, my belief was that if ukraine did something to demonstrate a serious intention

to fight corruption, specifically addressing burisma and 2016 server, then the hold on military aid would be lifted. sondland is about to testify, stuart. he provides as well in this text messages and e-mails that we have not seen up until this point. also brought into the fold with all of this, the secretary of state mike pompeo. there are questions about rudy giuliani's involvement as sondland says at one point, quote, everyone was in the loop. it is not good for this white house and we are about to hear from sondland directly. stuart? stuart: blake, it was more than 30 seconds but it was -- reporter: sorry. stuart: no, no, it was worth it, young man. it was worth it. thank you very much indeed. we will have more on this and the relationship between impeachment and the market in just a moment. meanwhile, look at that. back to target. they are going to open sharply higher. as we said earlier, they reported much better profit, much better sales and their

online sales really took off. best of all, they gave a rosy forecast. that stock, by the way, is up 67% just this calendar year. retail watcher michael zaicor is with us now. what is target doing so right? >> well, they have really embraced the new retail model. they have embraced the desires of consumers. what consumers want is to be able to buy whatever they want, wherever they want, whenever they want, however they want. stuart: what does that mean? >> online target sales, 31% up in digital sales on the quarter. they have integrated the new disney store in store, which is a huge plus. they focused on connecting the online and offline, buy online, pick up store, they are hitting all the right notes on what it means to be a modern retailer. stuart: can i draw the message from that that the consumer is extremely strong, or is this just a target-specific story? >> i don't think it's just target-specific.

the consumer is strong, sentiment for spending is up. i think it's going to be a fantastic holiday season for most retailers. there will be some outliers who fall by the wayside but this is retail darwinism. the strong are rising to the top, the middle is falling apart so we are really seeing the high-end focus on accommodation of online and offline is doing well. traditional boring legacy nothing new to the table retailers are having a hard time. stuart: department stores? >> department stores more than anything else. you and i discussed this over and over again. it's a model that's dying. it's on its last legs. putting a digital band-aid on a model that needs a digital heart transplant is not cutting it. stuart: okay. graphic terms there, but thanks very much indeed. i'm staying on retail and i'm also staying to some degree on department stores. billionaire carl icahn, he's betting against malls. what's he doing? lauren: because the department store is the anchor of a mall

and he's betting against the shopping mall, standing to gain $400 million if mall owners cannot service their debt. we have seen announcements more than 7,000 stores will close this year but you also have a lot of malls doing innovative things, bringing health clinics in, e-sports gaming, activities for the family. icahn could be wrong. but he's betting against the shopping mall. stuart: back to michael one more time. department stores are done. >> pretty much. yeah. stuart: okay. pretty much. that's it. all right. >> i think the question about the malls is can enough of them adapt quickly enough to the new reality to survive. you know, putting things like sports and gaming and services in could help. keep an eye on the american dream mall across the river in new jersey. i think that's going to be a great test case, whether this newly re-thought mall concept can work and if the department stores can make a comeback through that model.

stuart: we shall see. i know that place. >> yes? lauren: there's a water park. are you going to go shopping in your bathing suit? stuart: there's a ski lift, ski run. ashley: i can see you now. stuart: very funny. thank you very much indeed. let's get to the impeachment hearings. they continue today on capitol hill. as we heard moments ago from blake burman, gordon sondland is going to say yeah, there is a quid pro quo. come in, fox news columnist liz peek. so far, the market is completely ignored these impeachment hearings. it's gone up despite them. >> hitting new highs every day even as these revelations, so to speak, are being broadcast nationwide. i think it's because we know the outcome of this. i think that's what the stock market is saying. we know the house is going to vote to impeach. that was a given from day one. that was a given january 1st of

2017. the house is going to impeach the president. the senate will not remove him from office. they will vote to acquit. so it's sort of a big yawn, it seems to me. today, from what your reporter just mentioned, it sounds to me like there's going to be new, rather more alarming testimony that's going to give democrats a stronger voice in their vote to impeach. as of yesterday, there was beginning to bubble up the thought they might not vote to impeach because there were a lot of people, lot of representatives in trump-won districts who really were not on board with this. this could change that. nonetheless, it doesn't really change the outcome. stuart, i would further say that the market is telling us i think that trump's going to be re-elected, because i think -- stuart: by the way, sorry to interrupt you, but when mr. burman, our reporter, reported moments ago that there is a quid pro quo from mr. sondland, instead of going down, futures actually started to go up.

i just don't think the market really cares about what mr. sondland is going to say. >> the market has been trading on earnings. we saw this whole discussion about retail, whether that boded ill for the holiday season. i think very quickly economists looks at kohl's results and home depot and said no, that really isn't a bigger picture, the retail story is intact, consumers are in very good shape, the jobs, optimism, all those things are doing extremely well. so that is really important. that i think carries over also into 2020. what the market is concerned about is trade with china, that is -- there is trade talks are still a market mover and earnings. the prospects. stuart: that was blake burman. >> i know. stuart: my apologies to blake. thank you for a great performance again. thank you very much. check futures. we came back despite what blake burman had to tell us. we are now down 60 as opposed to being down 70 or 80. president trump's going to leave the white house later this morning on his way to texas to

tour that apple plant in austin. we are keeping an eye on him. see what he says to reporters, if he speaks to them and he usually does. yesterday on this show, here we go, i called the latest baby yoda craze utter nonsense. later this hour i will talk to a "star wars" geek who will try to convince me otherwise. good luck with that. the senate [ inaudible ] to support protesters in hong kong. china is really mad about that. next question, will the president sign? if he does, china will be really mad. we're on it. ♪ ♪ ♪ thlook at all this ink no more bit comes with.es. big ink tanks. lots of ink. no more cartridges. incredible amount of ink. the epson ecotank.

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i'm a regular in my neighborhood. i'm a regular at my local coffee shop and my local barber shop. 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: door dash, food delivery, they may go public with a direct listing as opposed to an ipo. quickly, what's the difference? ashley: if you go ipo, you have to create new shares, you have to have them underwritten, you sell them to the public, you go on the road show, you do all of that. lot of public scrutiny. you go direct listing, you don't create any new shares, no underwriting. you literally go straight to the

exchange and you can sell existing outstanding shares. so spotify did this last year to quite a lot of success. slack did it this year. it's still relatively rare but getting more popular, especially when we look at what happens to the weworks who couldn't even make it to the ipo stage. stuart: exactly. that's right. that's a way around it. thanks, ash. door dash. got it. ambassador gordon sondland, he's about to testify in those impeachment hearings and he is about to say yes, there was a quid pro quo. which speaker pelosi interprets as yes, there was bribery. i want to bring in john kennedy, republican senator from the state of louisiana. mr. senator, does that, what mr. sondland is about to say, does that change the game? >> no, and stuart, anybody who knows a law book from a j. crew catalog knows that the issue in this case is not a quid pro quo. it's the president's motivation.

now, speaker pelosi said the president asked for an investigation of a political rival but there's another point of view and that is that the president asked for an investigation of possible corruption by someone who happens to be a political rival. that would be in the national interest. the former would be in the president's parochial interest. the problem with all this is that speaker pelosi and chairman schiff will not allow the president or any of the minority on the committee to offer any evidence whatsoever of the second scenario, and that's what this case is going to turn on when it gets to the senate. stuart: when it's all through, how will a future president conduct foreign policy, foreign policy as in a meeting with a foreign leader, when he's got umpteen people from the state department listening in and reinterpreting what he's got to say? i think it's very dangerous for the long term. >> well, i'm on the record saying that what president or

rather, speaker pelosi is doing is dumb but it's also dangerous. she is normalizing impeachment as a political weapon. she's establishing a new precedent. some day we are going to have a democratic president and when we do, the one half of the country that doesn't vote for him or her, the first time the new president does something that they don't like, that half that didn't vote for him, know what they're going to demand? impeach him or impeach her. you did it to trump. let's be fair. and this will be the only partisan impeachment in the history of the united states and i would say respectfully to speaker pelosi, she needs to stop governing with appetite and ambition and rely more on knowledge and wisdom. stuart: mr. senator, i'm going to change the subject because on this program, we are really concerned about china trade. it makes a big difference to the

economy and the market. the latest news is that the senate has passed that pro-hong kong democracy measure. the next question is, should the president sign it? if he signs it, china is going to be real mad. if he doesn't sign it, the senate's going to be real mad. what's going on here? >> i think the president should sign it. i know that china is upset. china should be upset. not because of anything that the senate has done or the united states has done. this will -- the reaction to the hong kong protests was a huge mistake by president xi jinping. not only is he destroying an economic jewel for china, he is inviting the world to see how he governs. he's an authoritarian despot.

and the arguments that the people of china love their way of life and they believe in self-determination, we're seeing it's all a bunch of nonsense. if president xi jinping is as smart as i think he is, what he's going to do is say you know, i made a misstep here, we are going to pull back from hong kong, we are going to give them the right to self-determine themselves and we're going to say to hong kong you know, we talk about diversity, we are going to live diversity. if you want to have a different economic system from the mainland and a different political system, we welcome you. now, will that happen? probably not. would it be the smartest thing that president xi ever did. stuart: yes, sir, it certainly would. those of us who know hong kong would very much get behind what you have to say. mr. senator, thanks for joining us. >> thank you, stuart. stuart: check that market. we are going to open lower but bearing in mind what we have heard from the impeachment hearings, we are quite surprised it's not opening lower still.

the market seems to be ignoring those hearings. down across the board but not by much. yesterday we told you about kylie jenner selling her cosmetics line for $600 million. now she's about to find out how much of that she needs to pay in taxes. we have the numbers. you've got to hear this to believe it. mattel is changing the colors of the cards in uno because of politics. my goodness. we will deal with it in a moment. ( ♪ ) ( ♪ ) introducing the marilyn monroe collection of fine jewellery. exclusively at zales, the "diamonds are a girl's best friend" store.

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stuart: kylie jenner selling a majority stake in her cosmetics company, selling it to coty. now she faces a big tax bill. lauren, you've got the tax bill number. lauren: she's selling it for $600 million and the tax bill is $200 million, maybe more, in both federal and state of california. stuart: california. lauren: in california, capital gains are taxed as regular income. there you have it. stuart: that's right. i had forgotten that. if you tax at regular income, you could pay a capital gains tax rate of up to 37%, 38 p%, 3. ouch. lauren: she's still worth billions of dollars and she's 22 years old. stuart: i'm wrong. in california, yes, you pay capital gains as regular income. it would be the state income tax rate, not the federal income tax rate.

i made a mistake there. ashley: there you go. stuart: the next story, political correctness taken to the extreme. mattel gets rid of blue and red cards to make the popular board game uno non-partisan. ashley: it's complete -- it's just a ploy, advertising ploy, but they are replacing red and blue with orange and purple. even the packaging will be in purple instead of the classic red. there is also a veto card that if you start calling politics, you can put down the veto card and they miss a turn. it's all just publicity for the game. stuart: exactly. ashley: we are talking about it. stuart: we are indeed. we are talking about the market in a moment which is going to open lower. not that bad at all. down across the board. but again, not that bad. we'll be right back with the market opening. this piece is talking to me. yeah?

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and my lack of impulse control,, shipsticks.com saves you time and money. is about to become your problem. ahh no, come on. i saw you eating poop earlier. hey! my focus is on the road, and that's saving me cash with drivewise. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me. sorry! he's a baby! stuart: big brother is watching. now, this is uber. what are they doing? ashley: they are going to be recording your rides. they will actually start this in latin america but hope to bring it to the u.s. soon. basically riders and drivers will be able to listen back. it is encrypted but if you complain as a rider, they can then look into it and listen to the recording. big question is privacy and also, you would have to do it

state-specific. if you are recording someone in california you need both people to consent. only one person in new york. it gets complicated. but euber says rider safety is the number one issue. stuart: another occasion when someone is listening. 9:30 wednesday morning, we are off and running. we are going to be down. not a huge loss in the very early going. we still don't have all the stocks in the dow 30 open. we are getting closer. we are down 60. leave it at that. down .25% in the first minute of trading. the s&p 500, where is that? it is down a little bit, not as much as the dow. .18%. the nasdaq composite, home of the technology companies, down almost .33%. i will interpret that as technology down today. strong numbers at target as we have been reporting and a whopping gain for its stock. 10% higher on target. a rosy forecast from lowe's.

that did the trick, up 5% there. but look at macy's. ouch. macy's is down 50% this calendar year, down 50%. we thought we would show you that to show you the malaise of the department store. shah gilani is with us. so too lauren simonetti and ashley webster. straight to you, shah. what is target doing that's so right? >> merchandising is on target. i think the mix of what they have in their stores is fantastic. the stores are beautifully done. you have a wonderful appearance, you don't have to hunt for things. they have a bit of the treasure hunt feel like tj maxx which shoppers like, but they are great at seasonal specific items which they put in the back of the store and force people to go back. since 2014 they have had a tremendous push in e-commerce. some quarters reaching 40% plus gains in digital. hitting it out of the park. management has done a terrific job. the stock is up about 90% in the last 52 weeks.

i think it's got higher to go. stuart: incredible. you think it's got higher to go. interesting. >> yeah. they hit it out of the park. stuart: online sales -- ashley: digital sales up 31% in this quarter. they were up 34% in the second quarter. store pickup, drive-up, you know, same day delivery, that's very popular with target customers. do you know how much of that is actual part of total sales? just 7%. they have a lot of room to grow in that sector. stuart: they are forecasting good sales -- ashley: yes, upping their guidance. stuart: up 9% as we speak. the other side of the retail coin is this. urban outfitters, absolutely slammed. the problem, women aren't buying their clothes. shah, urban is down 20% since last november. you think they can turn it around? is this a turnaround possibility? at all? >> i don't think so. i think they will hit 52-week lows and test that. if the stock goes below those lows, below $19, it's in big

trouble. the company has a hard time, i think, pinning what millenials want. that's their target audience but they haven't been able to do that. they have up and down quarters where they get it right, then wrong, they have inventory problems at times. i don't see them looking forward to the future and finding a solution to the problems that they have. i don't see it for them. stuart: let's talk technology. the tech sector within the s&p 500 is up an astonishing 41% this calendar year. overall, the s&p is up 24%. that's a huge standout win for the technology sector. i want to ask you again, shah, with a gain like that in technology companies, do you ever think it reminds you a bit of the dot-com era, late '90s? what do you think? >> not at all. not even remotely. earnings and revenues and profits of these companies, it's not about eyeballs and monetizing eyeballs. they figured that out years ago. this is about pure earnings growth for all of these companies, and i think the fact

that we are seeing technology lead the markets higher again is a solid foundation for the market to continue to go higher. stuart: i think we should point out that back in the late 1990s, dot-coms relied on eyeballs. these tech companies like apple and microsoft are already worth $1 trillion. lauren: and my cab driver or my uber driver isn't telling me to go buy some tech company. these are companies that have social media presences and the memory chip business but they also do business with business, when you look at cloud computing. so there are many fronts and we constantly question unicorns and their valuation. justified. where is your profit. it's a little different this time. stuart: those guys on the screen, they are established behemoths. ashley: yes. stuart: striding the globe. ashley: juggernauts. stuart: no comparison with dot-coms at all. look at the dow industrials. we are in business for close to five minutes, down 50 points. there you have it. that's not a big loss. pg & e going to cut power to

maybe 150,000 customers in portions of eight counties in california because of fire risk. stock's down 1%. check the ten-year treasury yield. this is an important indicator. it's down to 1.75%. that is considered by some a negative indicator for the overall market. it means that money's coming out of treasuries. no, money is going into treasuries. ashley: because prices are up. stuart: prices are up, yields are down. thank you, ashley. i've only been doing this 40 years. i have to learn a lot of it. the price of oil makes no difference to the stock market. gold is down at $1470 today. again, oil, where are we? $54, $55 a barrel. okay. boeing. yesterday it was reported they got a $6 billion order for max jets. today, we are reporting a $9 billion order for the dreamliner with the emirates.

ashley: the world's largest airline. i did not know that. they are huge. they ordered another 30 of the dreamliners. cut back on the order of the 777 plane but also, the day before, earlier this week, boeing also sold two of these dreamliners to bangladesh airline and three to a flag carrier out of ghana. this is confidence building, especially max jet sales earlier, because it's been a rough go. the 737 maxes have been grounded since march. they may not be back in use until march again of next year. lauren: this is the future. they are placing these huge orders now, but the delivery is years from now. in some cases. stuart: shah, are you ready to buy back into boeing now? >> i have an admission to make, and i'm crying. i had buy orders in at $320. the stock touched there, i didn't get filled, i chased it up a little bit. it's now up about 16% from where i wanted to get in. i missed it.

i think yeah, i don't want to miss any further. if it comes back down i will add to my position lower. if it gets to 320 i will load up the bus. but i think the stock is -- most of the bad news is out. i think as these orders start coming in, the stock will rebound and head back up to new highs, probably next year. stuart: fascinating. shah, thanks. dow component disney's much-anticipated sequel to "frozen" hits theaters this weekend. attention, parents and grandparents. "foez "frozen 2" is coming this weekend. how much is it expected to bring in? lauren: presales at a record. opening weekend expected to be a record, $105 million to $115 million, a record for an animated movie outside of the summer. shares are down slightly today but if you look at disney, with disney plus and streaming and now this movie, they also, "froe "frozen" was a big grosser but "lion king" was the biggest.

they are only beating themselves. stuart: is bob iger the best ceo in america? >> maybe not the best, but i put him in the top ten for sure. he's done a tremendous job with disney. the management is out of the park and he's got a big bench, too. if you look at everything that disney does, they do it right. they build on what their franchises are, whether it's "frozen" or "lion king." the pashths arks are doing extr well. everything is working for disney. the stock near new highs again. yeah, disney, fantastic company. stuart: just out of interest, you got two tickets or tickets for "frozen 2." how much did you pay? lauren: $22 and change. total. total. that included the service fee. it's in a theater with an assigned seat. stuart: our producer couldn't get in. they are all booked up. lauren: i did it right away. ashley: lauren has two to scalp. lauren: see if you can cut the

transaction. stuart: 11 bucks a ticket and this is manhattan? lauren: one child, one adult. it's in new jersey. stuart: new jersey. you can't get into a cinema in manhattan under $12, $13, $14. something like that. ashley: at least. stuart: shah, you going to see it? >> yes, and i get the senior rate. i will definitely see it. stuart: time's up, shah. thanks for joining us. 9:40. see you again real soon. thank you. check the market. ten minutes in, look at this, we are down, what, 39 points as we speak. the new electric mini cooper making its debut at the l.a. auto show. we will take you there, get a closer look at this thing. that will be in our 10:00 hour. in about an hour from now, the president will leave the white house on his way to texas. he's going to tour the apple plant in austin. it's a good bet that he will talk to reporters. what will he say? you never know. we are going to take you there, see what he's got to say. we'll be right back.

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stuart: very modest down day to start out this wednesday morning. we're off 50 points on the dow industrials. take a quick look at canopy growth. it's a marijuana stock. bank of america merrill lynch raised its rating on it and the stock is up 11%. bit of a comeback for that particular stock. marijuana companies have been beaten down across the board recently, but canopy growth back up a little bit today. president trump is going to tour that apple facility in texas today. he will be with apple's chief, tim cook. susan li joins us now from austin. apple is breaking ground on its new apple campus. is that what's going on, too? susan: that's right. just announced this morning its $1 billion investment here in austin, texas, breaking ground on the facility and yes,

currently they employ around 5,000 people but it's all about jobs. they are keeping the mac pro production here in the u.s., here at this austin, texas campus and for the future, they could employ around 15,000, the largest employer in the future in austin, texas. now, later on today, this will also be the campus where president trump and tim cook, ceo of apple, will be touring the mac pro facility, that high end graphics computer that apple announced that they will be building in the u.s. they will also talk about tariffs as well. we know ipads and iphones which still make up around over half a percent of apple's sales will be subject to tariffs on december 15th if they're not rolled back, if the u.s. and china negotiations don't go well, those tariffs are not rolled back. also, airpods have been tariffed since september. it hasn't really had an impact on the wearables as they are selling around 50% growth in wearables in just the previous quarter. but apple wants everybody to know that they are making the mac pro in the u.s. this is about creating jobs and they are investing $350 billion

into the u.s. economy over the next decade. stu? stuart: president trump wants everybody to know that apple is producing in america. that's good for him, i think. susan, we will be back to you later. thank you. i want to bring in matt macowiak with potomac strategy, a political strategy kind of guy. i hear that texas is absolutely the standout state economically. lay it out for me. tell me what texas is doing right. >> yeah, stu, texas is booming. in the last quarter, economic growth in texas doubled that of the national level. we have record low unemployment, enormous private sector hiring. look, the texas model is not complicated, as former governor rick perry often said. we have a light regulatory burden, we have very low taxes and no state income tax. we have an educated work force and this is a pro-business state. our legislature is only in session 140 days every other year. they are not creating new barriers to business activity. stuart: wait a minute.

wait a minute. wait. say that again. the state legislature is only in business, only sits for what? how long? >> 140 days every other year. four and a half months every other year. stuart: every other year. >> yeah. in new york, as you all know, they are in session all the time thinking up new ways to punish business, making it harder to invest money. in texas, that problem doesn't exist here. stuart: if things are so great in texas, and they are, the economy is doing so well, why is the state in danger of flipping from republican to democrat? >> well, i think to a certain extent, those predictions are a little overstated. there's no question beto o'rourke in 2018 narrowed the margin at the statewide level, losing to ted cruz by 2.6% and dragging dozens of democratic candidates over the line down ballot. look, there is demographic change in texas that's occurring with the non-white population outpacing the white population and that has profound electoral

consequences for texas in the future. but i'm confident that after trump won texas by 9% in 2016, he's going to win it again in 2020, might be a couple points less, might be a couple points more. it will depend a lot on a number of variables but look, there is a risk and republicans are taking the threat from democrats very seriously. we have a goal of registering two million new republican voters in texas over the next year, and you have members of congress and state legislators, senator john cornyn and the trump campaign all working very hard to keep texas a red state. stuart: would i be right in saying that all of texas is republican except for the city of austin and the suburbs around it? >> well, what you would be correct in saying is the four urban areas, dallas, houston, san antonio and austin, are generally democratic. at the local level. the suburbs are where the battle is. that was where beto made gains. i think he flipped five or six suburban counties. that's the battle in 2020. there's a huge battle for the texas house, where republicans have a narrow nine-seat

majority. there will be a lot of action in 2020. republicans are i think well-positioned to fight very hard and maintain the majorities. stuart: thanks for joining us. we will update the texas situation later. thanks very much. i've got another dose of big brother for you. now we've got amazon. what's big brotherish about amazon? lauren: they have the ring doorbell and are considering putting facial recognition into the doorbell. you show up, you ring my bell, that data could be going to my local police department. is that a violation of your privacy? yeah. senator ed markey is very concerned about this, wrote a letter to bezos saying yeah, i do care because what are you doing with this data, are you selling it to third parties? let us know what you're doing. one of amazon's defenses is well, our competitors, as in google's nest system, is using facial recognition in their camera technology. this is the future. you can't fight it, you have to put parameters on it. stuart: i guess. you can't roll back the clock,

can you? ashley: no. once it's out, it's out. stuart: facial recognition is here, it's now, it's out, it is going to be used. what kind of parameters can you put on it, though, except -- lauren: those are the questions being asked. stuart: -- putting a parameter on what amazon does with your facial image when i arrive on your doorstep. what do they do with it? ashley: whatever they say they are going to do, it would be hacked anyway. stuart: you're right. there are no secrets any longer. ashley: no privacy. lauren: you can't even ring someone's doorbell. your face is going to the police department. what did you do? stuart: amazon is still not at $1800 a share. it went there and now nudged back. $1750. interesting. the dow jones industrial average is still negative but not by much. down 65 as we speak. all right. let's get to it. social media really going crazy over baby yoda. look, i don't get it but next, we have a "star wars" geek, let's call him that. he will try to convince me i am wrong. good luck.

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stuart: see that on the screen? that's baby yoda, okay? we are told -- ashley: cute, stuart. stuart: it's become an internet sensation. what nonsense.

i'm the one who's supposed to think it's so cuddly and cute because i've got all these offspring, for heaven's sake. get off my lawn. a little rant there from yours truly about baby yoda. i want to bring in stephen kent, the host of a "star wars" podcast called beltway banters. what emotion should i feel when i see baby yoda? >> you should feel what true innocence is like whenever you look into the eyes of that beautiful green creature. what utter nonsense, varney. come on. look, there's three key reasons here that you need to give your heart -- stuart: three? go. list them. >> i will lay them out. the first one is look, i'm going to concede that cuteness is completely subjective. i don't really get anything from babies but i will do anything for a german shepherd. he's got those deep eyes, the pointy ears that fold back just like precious dogs, right. that's great. but you know, it's fine if you

don't feel that way. the second thing is, there is a long tradition in spaghetti westerns and action films of tough guys laying down their lives or sort of standing up to defend innocence itself. you see this in "true grit," in clint eastwood movies. "terminator 2." this is a pretty crucial part of cinema. it's about defending the things that are worth defending in life which is life itself, which is our young. that is just one reason to get behind the baby yoda character. stuart: let me come right back at you because we are tight on time here. this is pure marketing. i think it's brilliant. i have no objection to it whatsoever. it does appeal to youngsters who are going to say to their parents and grandparents i've got to go see this. it's marketing. nothing wrong with that. just don't expect me to roll around on the floor with my eyeballs bugging out in love with the damn thing. >> i think you're in the minority, though, right? the only negative review that i have seen, the only negative review that i have seen of this

character, and this is pretty remarkable for "star wars" because it's always very divisive is from a socialist blog that attacked the yoda character in this series as being a ploy of capitalism yet again. that emotion and consumer motive sinks their claws into us and make us buy things we would normally never buy. right now, you're only standing with some socialist rant. that's not a good look for you. stuart: stephen kent, game, set and match. talk about turning the tables there. i love baby yoda. i'm in love with this thing. i'm going to buy one. ashley: shameless. stuart: did you record that? stephen, thanks for joining us. it was kind of an obscure subject but that really worked for us. we appreciate you being here. we appreciate it. thanks very much. >> have a good morning. stuart: yes, sir. what did the producer just say? what did you just say to me? what did you say? it's not obscure. okay. i've got a brewing get-together for you.

new belgian brewing, the name of the company, they are a microbrewer. they will be bought out. that's fat tire. ashley: very popular. they sold out to japanese company. the third brewery, craft beer brewery, to be sold. boston beer bought dark fishhead. a anheuser busch bought craft beer alliance. very quickly, on the new belgian, they had a stock employee program in place. all the employees will get at least 100,000 in retirement money back. some a lot more. isn't that great? stuart: all right. another kind of drink, ocean spray cranberry juice, it's packed with sugar. the ocean spray chief executive joins me in a few minutes. i'm going to ask him how you going to make this more healthy sugar-wise? i will certainly ask him that. mike huckabee initiated a nationwide chick-fil-a appreciation day back in 2012.

he's with us. i want to know how he feels about chick-fil-a pulling money from the salvation army. what are they up to? we'll be right back.

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medical costs, so call now! and see why a medicare supplement plan from a company like humana, just might be the answer. stuart: who could forget the republican debates four years ago? riveting for one reason, candidate donald j. trump. legendary insults and put-downs. republicans and democrats alike were glued. the tv ratings went up as the debates went forward. they wanted to see what would he say next. it was must-see viewing. republicans did well because their candidate got a lot of airtime. you knew where trump stood. fast forward to the democratic debates this year. the fifth is tonight. what a difference. viewers are already turning off, between the first debate in june

and the one last month the tv audience was actually cut in half. there is no trump in these debates. there is no standout character, no sharp questioning either. it's boring. after the last one 60% of likely democrat primary voters didn't watch at all. that's bad news for democrats. 10 candidates on the stage tonight. six more didn't qualify. bloomberg will not be there, nor will deval patrick. it's a very crowded field. they need to narrow it down. they haven't found a way to do that. they're miles apart on policy. flat-out, they are split. donald trump really did upend the republican party. his debate performance crushed the republican establishment. and his go for the throat policies brought a raft of new voters to his party. perhaps, the democrats believe, a socialist like elizabeth warren or bernie sanders can similarly upend their party or that the moderates can somehow

make a dramatic comeback. dream on. if you can't get people to watch, you are boring your supporters, you are in bad shape. animation? no. let's stay on this former rnc spokesperson kevin sheridan. thanks for coming in, kevin. there is a possibility there will be a fight between the two far left candidates elizabeth warren and bernie sanders. that would liven things up. they want to knock each other out to run the hard left table. what are the prospects for that tonight? >> that is one potential rift. they have to decide which one of those candidates will go forward. i never see, i don't see a path where bernie sanders ever gets out, his base is so supportive and locked in. i can't imagine they will leave him. he will have to take a kill shot on him. i haven't seen the potential to do that.

there is potential for klobuchar-buttigieg fight tonight. iowa is state he is up in. 10 points up in the polls there it's a state that klobuchar absolutely has to win. she is from neighboring minnesota if he will have a chance in this thing at all. those are two places most likely to get some shots. people will have to continue to pile on joe biden because he leads in south carolina. he leads nationally in some polls but he is fading as we've all seen. he is not good in these debates. this debate is 9:00 tonight eastern time. i don't know if you will be staying up for it. but i can't imagine a ton of people will. so yeah, the fireworks won't be there like they were in 2016. stuart: kevin, be honest with me for a second, when you look back at those debates, the republican debates in the last election, did you cringe a little when donald trump was creaming the republican establishment? >> yeah. i was at a lot of those debates. i was at the one a year ago or

four years ago in milwaukee and he was center stage as he was in all of the debates and what the lesson i think you could take away from it is, if the moderators will not follow up, if they will not press you on this or that issue or other candidates that you're running against, you have to create your own shot. he did that very effectively. he created his own shot over and over again. stuart: not raid tours won't do that -- moderators won't do that. rachel maddow from msnbc. >> we haven't seen a lot of tough questioning. that is to their own detriment, once they get on national stage in front of 60, 100 million people in national debates that is a big problem. they haven't been pressed -- $52 trillion for "medicare for all" elizabeth warren. she is backs tracking will not implement to the third year of her presidency? what sense that will make? people have to press in on here on that.

all the candidates have that on immigration, on their foreign policy issues. there is, i mean there is no shortage of issues you could press these guys on but if the moderators won't do it you have to create your own shot for yourself. stuart: i'm sure you're watching for the sound bites for actually debate and next election next year. you watch it so i don't have to. kevin sheridan. thanks for joining us. >> good to see you. stuart: take a quick look at target, a stock 1/2 today. green arrows up there. higher profit, higher sales, higher online sales. royce sy forecast. jackie deangelis, give me a full picture here on target? reporter: good morning, stuart, it's a double beat because it is pretty i am press sieve when it comes to target. look at the competition competing with the likes of amazon, walmart which also did very well. it shows the consumer is alive and well out there spending. same-store sales up 4 1/2%. digital sales up 31%.

that is something we're tracking closely as we go into the holiday season. by all accounts a 13% move in target stock today. a pretty good move. back to you. stuart: a fantastic day for target. jackie, thank you very much. take a look at lowe's it hit record highs after raising forecast. that is a record high. $119 a share. up 5% a rosy forecast, that's what did it. overall the market is shrugging off impeachment. the sondland testimony right now, he said yes there was a quid pro quo but the market is totally shrugged it off, down 50 on the dow. that's it. staying on your money, market watcher jim awad back with us. jim, i have a bone to pick with you. >> yep. stuart: are you ready for this? >> always ready. stuart: i know. you've been on the show a lot last couple years. you have always been encouraging people to buy into this bull rally. >> right. stuart: but now, for some reason i read your stuff, you're saying

no, don't buy anymore. what's the problem? >> i'm just saying between now and the end of the year. i'm still a bull. you buy on any weakness. i think odds are we're fine and make a new high next year. short term worries me a little bit. the market is making two assumptions. first the fourth quarter will be good in the economy. you're hearing companies, lowe's, most retailers are validating that. so i think that's likely. the second the market is assuming a phase one deal. i'm not so sure about that. if the tariffs kick in on december 15th, that will worry the markets about the economy next year. so you will know in less than a month, why not wait in terms of committing new money? the third, the market is assuming probably correctly that the republicans stick by trump. by christmas, we'll have concluded that the house will impeach and senate will not affirm it. and that we'll have certainty on the political season. but you're going to know by christmas. all i'm saying, the s&p up 25%.

even if you take out last december, go on trailing 12 month basis it's a good return. you have two uncertainties very important. we'll know the answer in the next six weeks. don't sell anything. market up so much i wouldn't commit new fund between now and end of the end of the year. stuart: you're good at hand-holding. that is good stuff. talk to me about technology. i say this because you look at the s&p and the technology sector, that group of technology stocks in the s&p. look at that, 41% just this year. >> right. stuart: does that sometimes make you think, oh, i remember the dot-coms of the late 1990s, you ever think of that? >> here's the difference. i think the market already shut the door on the new issues for companies that have -- are losing money. the market will be discerning about rapidly growing company losing money. rapidly growing companies making money are staying expensive,

because in a very uncertain world people will pay a premium for growth. stuart: have you been shocked at the amount of money, the stock price run up of big-name techs, talking apple, amazon, microsoft, et cetera, et cetera? >> yeah. stuart: have you been shocked by that? >> it makes sense because, it has been very slow growth economy domestically growing but slow growth. a no-growth economy in europe and japan. a slowing economy in china. so people are going where they have to put large amounts of money to work where unlikely to be a fundamental disappointment and that tends to get you to extreme valuations and it goes at some point, it will end. i don't know what the scenario is. i think market will pay a premium for sustainable breath growth in companies. stuart: big tech has got it. pleasure to see you jim. see you soon. >> yes. stuart: president trump heads to texas to tour apple's factory, along with apple ceo tim cook.

he leaves shortly. we're expecting him to speak to reporters as he leaves the white house and when he does, if he does, you will hear what he has got to say. the senate passed a bill backing hong kong protesters and china is not happy. i will ask china watcher gordon chang if president trump should sign the senate's deal. next the holidays are coming up and popular cranberry juice brand ocean spray says 100 billion cranberries will be eaten this holiday season. he is on the show next. i will ask him whether they will get into the healthy drink business. ♪. look, this isn't my first rodeo...

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i am told that those eyeglasses, warby parker eyeglasses are extremely popular with millenials. now i'm told, that they're going to get into contact lenses. is it a big deal? >> warby parker was very disruptive to the eye industry, cut out the middleman really quick, get your eyeglasses. they have the sequel product. the second product is contact lenses. it calls you scout, costs you $450 a year. that is actually not cheaper. the thinking if you wear glasses like me, you probably wear contact lenses. so they're getting more for their money. they're profitable by the way if they ever want a ipo. stuart: warby parker are they online? >> there are stores as well. they started online. one is right across the street. it's a different type, if you can find it. it is a different kind of experience but they cut out the middleman. people really love this company, particularly young people. stuart: this is my opportunity

to say, you realize at my age i do not wear contact lenses, do not wear glasses. >> i'm blind as a bat. look at you. stuart: lauren, thank you very much indeed. i want to talk cranberries. holidays coming, thanksgiving, christmas, here comes the cranberry business. look who we have with us. bobby runs ocean spray. >> thanks for having me. stuart: i have a bone to pick with you. >> please do. stuart: that cranberry is absolutely delicious but jam-packed filled with sugar and calories. >> i'm diversifying the portfolio. wellness is just beyond reduced sugar. we launched a health and wellness product. stuart: a toka? is that a drink. >> it's a drink. it has oat milk. adaptogen as product. stuart: it has cranberries in

it? >> it has cranberries. it is native-american, one of the original super fruits. incredible health properties. why not make a diversified portfolio. now to pick a bone with you, why aren't you drinking more. stuart: is this a whole new line outside the traditional ocean spray cranberry juice. is this a whole newell deal? >> it's a whole new deal. we believe our family farmers have unique opportunity to tell the story of cranberries. by coming up with new products for health and wellness. for younger consumers, what they're looking for. secondary our customers are looking to innovate on the shelves. when you think about the history of cranberries, our innovation is fantastic. we slowed last couple years. we're all about innovating to satisfy the needs of consumers, satisfy need of customers as well. stuart: does it have the ocean spray name on it, this toka

production? >> on the back of product, distributed by ocean spray. stuart: sounds like kind of separate here? >> we did this because we launched innovation hub lighthouse recently. we're innovating beyond juice and crasins. stuart: several products? >> absolutely. stuart: creating a new product? >> multiple new products that consumers are driving. stuart: i'm troubled when i see that you are a cooperative of 700 former farmer families. you're not privately-owned. you don't have a stock i can invest in but a cooperative. that sounds like a socialist operation to me. >> it's not. if you think cooperatives are socialist then you have it completely wrong because if that is the case my farmers won't exactly ask me for more profit. stuart: that's good. >> right. so cooperative is essentially just means a group of farmers collectively can get the product to consumers at a more affordable price but ultimately we run our business like a

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stuart: now we're down 88 point. at the impeachment hearings gordon sondland has said there was a quid pro quo. that is a negative for the administration. it's a negative on impeachment and maybe it had something to do with the drop on the dow which is down 91 points. we'll keep you up to speed on that. how about lowe's. that stock is up 5.7%. their ceo just said this, quote, we gave a lot of product away online last year and we're not going to give it away this year. that's in relation to black friday. the market likes it. why should you give stuff away instead of charging for it? they like it. the latest version of the electric mini-cooper made its debut at l.a. auto show. you have a special guest. who have you got? >> mike payden, the vp of mini-cooper.

you're looking at it there. first all electric mini-cooper. mike, the headline on this? >> we think this is the most affordable premium electric carport port here is the deal. stuart is very concerned about money. i won't say he is cheap but like as car he can afford. the list on this is what? >> 29 nine. reporter: federal tax credit of, california more. could get under $18,000 for all electric car? >> we think that incredible. reporter: coming out in march. >> nicely equipped as well. reporter: stuart, show you something we may pay a little more. you give us a sneak-peek. >> this is not unveiled. this is the world premier. reporter: do your thing. if you're not here i will do it. we have the pros coming. wonderful. this is the fastest mini-cooper ever built. how fast? >> 165 miles an hour. reporter: 165? >> our most powerful mini we ever built. we're excited about the vehicle. reporter: people get excited about the mini because of low,

good fuel economy. this probably doesn't get as much at 165? >> not our most fuel efficient but -- reporter: how much does this cost? >> 44,900. is the starting price. cool things about the car. race tuned suspension. primarily a two-seater. something that lowered suspension overall, just incredible racing heritage in this vehicle. reporter: mini-cooper, heritage of the cooper was british company, wasn't it? >> 1959. yeah, it started out as a solution to some challenges in the suez oil crisis. reporter: still lives to this day. mr. varney, there you go, your homeland represented here. next hour i have another vehicle from your homeland. may not be owned by the brits anymore but see if you can guess who that would be. stuart: jeff, writing a check for $18,000 right now so i can buy that electric mini-cooper.

that would be a steal. jeff, i got to go, thanks very much. reporter: low income credit in california. you may not qualify. stuart: you got that right. jeff, thanks very much. see you next hour. all good stuff. china absolutely not happy with the u.s. senate which passed a hong kong bill in support of the protesters. china says the u.s. should stop interfering. i will ask china watcher gordon chang what happens to trade talks if president trump signs that bill. the president will leave for texas shortly, meeting with apple chief tim cook at the factory there. if he talks to reporters, he probably will, you will see it right here. we'll be back. [ attentions veterans with va loans,

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♪ baby you're a rich man, baby you're a rich man too ♪ stuart: fundamentally a financial program too. when we hear that song, baby you're a rich man, makes us smile. lauren: dollar signs in your eyes. stuart: stop it. you're american. what do you think? baby you're a rich man. the brits they have got an election next month. conservative prime minister boris johnson, actually debated the guy on the right there, jeremy corbyn. was it a testy debate? ashley: it was test at this, a lot of it, not all of it, but brexit was front and center. boris johnson the prime minister saying it is time to end the national misery while mr. corbyn says time for a second referendum. take a listen. >> we have a great deal that is supported as mr. corbyn says not just by many members of his own

party but by the entire conservative party now. 635 conservative candidates have backed it. is he going to campaign for leave or remain? >> can we ask mr. corbyn to respond? >> very clearly we'll negotiate an agreement and we'll put that alongside remain in a referendum. our government will abide by that result. ashley: so there you go. pretty much the central theme. the so-called pundits say it was a draw but the polls suggest that boris johnson came out on top. stuart: i think boris has an 18-point lead. ashley: he does. massive. stuart: the vote is december the 12th i think? ashley: yes. i will be there for it. stuart: have we got the oil number yet? ashley: hear that again? stuart: not got in sorerage, price of oil at the moment is 54, $55 a barrel. ashley: 1.379 million. stuart: up or down? >> ashley: that's up. it's a build. stuart: a build.

ashley: a little short, not going to say that word. a little short. stuart: a bit of a build. ashley: thank you, stu as always. stuart: let's move on please, let's go. that is not terribly important stuff. the senate passed a bill supporting protesters in hong kong and their fight for democracy. china is mad about that. they want the u.s. to stay out of it. take a listen to what senator john kennedy told us last hour about this. roll tape. >> the reaction to the hong kong protests was a huge mistake by president xi xinping. not only is he destroying an economic jewel for china, he is, he is inviting the world to see how he governs. stuart: senator kennedy wants the president to sign the senate bill. gordon chang is with us. the same question, should the president sign that bill? because if he does, china will get real mad? >> certainly the president

should sign that bill. you know, we give exemptions to hong kong from sanctions that we impose on china and the reason for those exemptions are that hong kong is governed autonomously. we have seen over the last five months that hong kong is really governed by xi xinping, the chinese ruler. so the factual basis for those exemptions are really important, licensing, all sorts of stuff, that no longer exists, stuart. stuart: do you think there will be a short-term mini trade deal soon? >> i'm sort of doubtful for a number about reasons. people are saying for instance. that beijing was enraged by that "new york times" disclosure on saturday of those, what, 403 pages relating to the persecution of uyghurs and kazak they are baking away and also on promises they made to president trump on the october 11th announcement in the oval office. one thing about what senator kennedy said. the world is seeing what xi xinping, how he governs, the

important thing there is what we're learning from hong kong again is that china doesn't honor its promises. if they don't honor promises in international treaty, their own law, how will they honor the promises made to us in a phase one, phase two, phase three trade deal? stuart: i don't see how xi xinping can back away, you get a free vote. we'll replace carrie lamb, you decide to replace her with. i don't see how they can do that. >> no, they can't do that. carrie lamb, almost universally reviled in hong kong will stay in place. they know there will be real calls for universal suffrage if she is removed. she was elected in the so-called small circle election. beijing electors basically put her in place. they cannot have universal suffrage. the really important thing, stuart, on sunday you have district council elections. district councils are unimportant.

pro-democracy candidates are expected to sweep, and hong kong said they may very well cancel those elections on sunday. we have to see what happens then. stuart: oh, that is a stand off and a half. if the elections were programmed in for a long time, if the pro-democracy sweep in and win that is very big deal, a, absolutely huge deal. >> i don't think the hong kong government will carry through on the threats to cancel the elections if they do the territory will erupt. stuart: are protests winding down? we understand only 50 youngsters are left in the polytechnic university. they are trying to clear the tunnel from hong kong to kowloon, getting commerce flowing again, are the protests winding down? >> certainly that protest is winding down but the no the protests in general. we'll see how the group reacts. a lot of people are saying, we've been talking to them. basically they're just angry. they will actually come out in full force later. i don't know if that is the case. one thing that is really interesting about this polytechnic siege.

for five months the protesters had basically outmaneuvered the hong kong police at every turn. starting on tuesday the hong kong police turned the tables. they ended up in a major victory by surrounding 1100 protesters who they have taken down. stuart: oh, dear. one friend of mine who run as telecommunications company in hong kong successfully is leaving. he is going to taiwan. >> a lot of people are leaving hong kong now or thinking about it. they realize this will go on for a very long time, and that xi xinping is going to exert tough controls on the territory. will make the financial services industry there untenable. stuart: breaks my heart. i new hong kong in its heyday. i lived there 10 years. i found my wife there. connell: i found myself in hong kong. >> thanks, guys. stuart: fair enough. i kind of blossomed in hong kong. free market, individual liberty. get around --

>> stuart, i blossomed after i got married. stuart: you're good, gordon. >> she is watching. stuart: you're wife is 20 feet away in the green room. gordon, you're all right. thanks very much. >> thanks, stuart. stuart: big numbers expected for disney's movie, "frozen 2". lauren: issue for "frozen 2" is competition. a lot of movies coming out. "21 bridges." the mr. rogers movie. it would have done better if it opened black friday weekend this will be a hit. especially for disney. as you know the first frozen, almost 1.3 billion at the box office. stuart: huge. wait a second, our producer tried to get tickets, couldn't, sold out but you got in. lauren: i bought my tickets on tuesday. i got two with a group of women. all of us are going with the

kids. justin said in my ear, i am a better parent than he is. presale hit a record. stuart: you paid $11 per ticket? >> two tickets came to 25 and change including fees and everything. i just checked. stuart: how much pay for a large coke and popcorn? ashley: $25. >> i sneak the stuff in. stuart: you're on television. >> check my bag. i don't care. stuart: new jersey. >> new jersey. do you want to come? you will buy the popcorn. and soda. all the sugary stuff. stuart: check the big board. coming back very nicely, very much. we are. we were literally down over 100 seconds ago. now we're down 62 points. i have head linings from the federal reserve's brainard. she said trade uncertainty is major factor weighing on the economy. there is a revelation for you. ashley: thanks very.

stuart: gaddglad we got that? ashley: thank you, captain obvious. stuart: producer is explaining, algorithms read that. from minus 100 to minus 68. got that, everybody? ashley: i'm writing it down. stuart: president trump getting ready to leave for texas. he will tour the apple factory in austin. we're expecting him to speak to reporters. we say that every ten minutes. when he says something, you will hear it. uber planning to start recording audio during rides. they say it is a safety precaution. i'm sure judge napolitano has an angle on that one. probably an objection too. he is coming up shortly. chik-fil-a will not donate to the salvation army anymore. we have the guy who started a chik-fil-a appreciation day, former arkansas governor mike huckabee. he is on the show next.

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♪ liberty. liberty. liberty. liberty. ♪ stuart: i have a bee in my bonnet because of this story. chik-fil-a will not longer donate to the salvation army because of their stand against gay marriage. former governor mike huckabee is with us. what is going on? >> the one of the most unexplicable thing i have seen a company do. theyit's a shame and disappoint. after millions of people stood up for chik-fil-a back in 2012 to basically say let them express what they want, let them be who they wish to be. i still say let them who they wish to be. if they don't wish to associate with organizations like the salvation army under pressure from the left-wing mob, so be it

but don't expect millions of people to stand up for them because they are distinct. they're no longer distinct. they are another restaurant. i expect any day the new spokesperson will be colin kaepernick and open on sundays. why not? stuart: i'm sorry to interrupt you, i got a thing about this the basic argument is that if you support, if you said i support traditional marriage, you are therefore a hater of lgbtq plus. that does not follow it absolutely does not follow. >> thank you for recognizing the obvious. i really mean that sincerely, stuart. so many people think you can't hold a biblical position and not be a hater. i think quite the opposite. you love everybody. the salvation army explicitly said that it serves anyone, including everyone of the lgbtq community. they don't discriminate. chik-fil-a is proud that they don't either. here is what chik-fil-a got out

of this, nothing, nothing but scorn. the mob does not come on today how grateful they are. in fact they're asking for more. which is what happens when you surrender to the mob. they offend ad lot of core customers, to the point they say forget them. i don't believe in boycotts. i'm not suggesting people boycott chik-fil-a, i really don't, but i don't understand, chik-fil-a will give to different christian organization s and help with homeless and food inequities, nobody, nobody does more than homelessness and giving food than the salvation army worldwide. this was a real slam at the salvation army, paul anderson youth home, fellowship of christian athletes, all great organizations. stuart: i have to move on in 30 seconds. what about the democratic debate? i probably won't watch. reminds me of the wonderful republican debates in 2015 and 2016. were you apart of those debates,

governor? >> yeah, thanks for reminding me how those turned out, stuart. yes, i was a part of them. such a kind thing of you to do right here at the holiday season. appreciate that very much. look, tell you this. if people don't want to take ambien i suggest they watch the democrat debate tonight. i'm sure it will have the same effect. stuart: yeah. it is going to be boring. that's right. i want a return of what which saw four years ago. no disrespect to you, governor, what sorry. people watched. people watched. with this current round of democrat debates people are not watching. the ratings have been cut in half between the first debate and the one in october. >> i think what they need to do is just say how far left can we go? that ought to be the title of the debates. that is what they're doing. they're turning off a lot of the american people in the process. stuart: sorry about reminding you four years ago, governor, but you are dead right on chik-fil-a and the salvation army. dead right. thank you, sir. see you soon, governor.

thanks a lot. >> thanks, stu. stuart: a little bit of political correctness here i think. mattel's card game uno? very popular. you're on there briefly. ashley: i know. studying studiously on a story that is really just a publicity stunt. let's be honest. stuart: i didn't tell them the story. uno will not have anymore red or blue cards because of politics. ashley: even the packaging will be purple. they don't want to get anyone upset. of course it is publicity. change the red and blue cards to orange and purple. there will be a veto card that if you start talking politics, stuart varney, lauren simonetti i can sling down the old veto card you miss a turn in the game of uno. stuart: everything is political these days. lauren: doesn't make any sense. stuart: eating a turkey is political. are you a vegan or something. lauren: when you see red do you think republican? when you see blue, i don't think of those things automatically

especially playing a card game. stuart: when i see red and blue. i think socialist. ashley: where is my veto card. stuart: quite a show. i will get back to the democrat debate tonight in atlanta by the way. in the next hour i will ask rnc chair ronna romney mcdaniel what she expects to see tonight. president trump will be on his way to texas to tour the apple factor there with tim cook. i will ask north dakota senator kevin cramer how much a hand the president had in it. in what? i didn't see this. uber starting to record audio during rides. they say it's a safety precaution. what will judge napolitano say about that? we'll ask him. ♪. the world is built for you. so why isn't it all about you when it comes to your money?

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stuart:down 68 points on the dow. that is precise by a quarter of 1% t had been down more than 100 a few minutes ago. modest down across the board today. kylie jenner sold a big chunk of her beauty company for $600 million. lauren, what is the tax bill?

lauren: 200 million as high as 300 million. not expected to go over there. stacks bill in california where capital gains are taxed as regular income. stuart: outrageous. what part did the government play in her brilliant creation of her company? >> well, her family said she is self-made, youngest self-made billionaire at age of 22. i question if she is -- stuart: tell elizabeth warren, you didn't build that. yes you did. i digress. uber will record what you say when you take a ride. kristina partsinevelos has the full story. >> yes i do, uber has confirmed they are going to be launching this program. what it means if you get in a car, it will automatically record the audio of that car ride in an uber. the reason they're doing this is to protect the riders because there has been several cases unfortunately of assaults,

harrassment, rape. trying to find any public statistics, we don't know the exact number just yet. uber said they announced it two weeks ago in brazil. they're going to officially launch pilot programs in brazil and mexico in december. they wanted me to make sure i said it was not imminent in the united states just yet. the reason why that is so important because in the united states, states vary in terms of rules, in terms of whether you are allowed to record right now there is 11 states that require two people to consent to a recording like, for example, say california. so this app will be on your phone. you just click the icon. it's a shield. it will pop up. i can record it. you can't go back to listen to it. it is encrypted. it gets sent back to uber where they have it there in case of any emergency. stuart: so i have got to click. i'm the rider -- >> if i don't feel comfortable in the car i have to click on the icon to get it. stuart: not automatic recording of everything? >> there is a blanket statement in that market if they're doing it, the driver wants to record

everything, it is recording. you will have to look, online, there it is. stuart: thanks, kristina. i want to bring in the judge on this i don't see anything wrong with this? >> as kristina said in some states, both parties, the party doing recording and party being recorded have to consent to it. now uber may very well say, here's note either on uber app or note in the car. unless you object, you are deemed to consent. because though the back seat of the car is not a public place it's a place where people usually have private conversations. if you're going to intrude, you need to inform them of the intrusion. otherwise they have violated your privacy and you a cause of action against them. stuart: one more time wherever you are somebody is looking at you, listening to you, watching you, isn't that the truth? >> to give more heart burn, more opportunity for plaintiffs lawyers to get money in class

action for suing massive violations of privacy. are you better? stuart: i got to get this in, as you know, prison guards, the prison guards where jeffrey epstein died, arrested, accused of napping on the job, shopping online on the job, justice department says it is not murder. this is argument about the arrest of the jail guards, is this part of the debate whether it was suicide or poured? >> no this is part of the debate how poorly managed the jail was. the government concedes they slept for two hours during the time period, during the time period he died, homicide or suicide. the government itself is liable for them sleeping for two hours. nobody noticed it. nobody woke them up. no superivsor intruded. sleep something not the crime. sleeping and lying about it in a official government report is a crime. they filed four reports they

claim they checked on epstein every two hours and they didn't check on him at all. stuart: in which case he was unguarded? >> yes. stuart: that is the problem, how do we know he wasn't murdered? >> we don't. i don't want to sound like i am pedaling a conspiracy theory. he was unguarded. the cellmate was removed day before. video camera in the cell was not working. the video camera immediately outside the cell was not working. the guard slept for two hours. add to that, the most prominent pathologist in the country said it was homicide, it wasn't suicide. i looked at bones. nobody can break their own bones the way bones in his neck were broken. stuart: looks like it. >> much more to come on this. stuart: there you go. >> that we can agree. stuart: thanks, judge. >> you're welcome. stuart: president trump getting ready to go to texas. he will tour the apple factory with tim cook. we'll show you what he has to say if he speaks to reporters, as we say. if he speaks to reporters you

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800-630-8900. that's 800-630-8900. stuart: apple is the most important technology operation in the world, the most valuable company in the world wealth over a milk trillion dollars. that makes ceo tim cook the most powerful executive in the world in a few hours apple meets the president of the united states, cook meets trump for a summit. the president wants to see the apple's new factory in texas and tim cook is able to show it off. the meeting is really about china and china trade. apple sells a lot of iphones, makes a lot of money, and doesn't want to get caught up in the trade war but it is right in the middle of it. tim cook wants a further exemption from tariffs. he is showing the president his texas factory and are saying

apple is doing what you want, making products here, not china, just what you wanted so give us a break on tariffs. the president is probably saying okay, build an iphone factory in america. a delicate dance especially because trade is a delicate issue these days. the senate just passed a pro hong kong democracy measure, china does not like it. more terrorists are threatened come december 15th, china doesn't want that. of all the big tech chiefs only tim cook has developed a close relationship with the president. they need each other because together they are negotiating with china. the third hour of "varney and company" is rolling on and we have susan lee in austin, texas. come into this, tell us about the trump/cook relationship.

>> i would call it a burgeoning friendship. tim cook told us apple is apolitical, they don't pick a political party, they are about business. he is a capitalist at heart. we have donald trump touring the facilities at the brand-new office facility, the austin campus for apple, a billion-dollar investment for the world's largest company and breaking ground on it. it is a high end graphic pc and they are keeping jobs in america, the largest employer in the city of boston going forward, up to 15,000 and looking to invest in $350 billion back into the us economy. trade will be part of the discussion. iphones, 50% tariffs, december 15th, if us china trade negotiations, they will have some conversations about that. stuart: we will get back to you later and i'm sure you will welcome the president a few hours from now.

john lawnski, economist, this is a pivotal meeting between cook and apple, major conglomerate, trillion dollar company and the president of the united states. a lot depends on this. >> tariffs are moving apple to develop production facilities in the united states. let's not forget a lot of american companies have overseas exposure, manufacturing production. risking too much in forced technology, transfer, risking too much in terms of intellectual property, theft. not a great idea. it is a good idea to have a lot going on at home so you can use your own engineers, developed the technology and not worry about having the technology taken away by foreigners. stuart: do you think this plant in austin, texas, especially this, is a direct result of donald trump's challenge to

china, the tariffs? >> i would say it is. you can't deny the importance of imposition of tariffs providing an incentive for apple to build this production facility in austin. stuart: can use the apple building iphones in america? is that a stretch? >> it may not be if there is an advanced technology apple is using for these iphones if they have new manufacturing technology it might be best for apple to start producing these new advanced products in the united states, they would start developing high-tech equipment manufactured at home. once they standardize production procedures it shifted overseas. what you don't want to do is find yourself in a position where you are too overly reliant on overseas exports to develop these technologies. by doing so you might give away your franchise. stuart: i think the president

will play this as a big win. look what i did, apple builds the mac pro in the united states of america, a pr political plus. >> apple, $1.2 trillion value on that company. >> if you want to say a strong country, they want to make full use of the scientific and engineering talent and you can't do that if you produce everything outside the united states. stuart: time has really changed. thanks for joining us. always a pleasure. let's look at the retailer. let's talk retail, start with target. ashley: beating on earnings and revenue, big headline numbers, same-store sales up 41/2%, raising guidance for four year

profit. they were up 34%, up again, 31%, that will drive it up to be successful. stuart: close up 41/2%. ashley: an all-time high on shares today like home depot which is in the same sector, did well, earnings were strong, same-store sales up to a half%, the growth, 3%. defines what we are talking about, lowe's trying to turn it around, still on track apparently. stuart: the results from target and lows speak volumes about the strong consumer. ashley: it is tough for them. failing to impress the gross profit down 4.9%. they tried to sound optimistic on the conference call saying we see positive signs, the consumer is in a good place,

and the holiday season. stuart: this is an intriguing story related to retail, related to department stores. famed investor carl icahn is betting heavily against shopping malls. >> he thinks the death of the mall is upon us. a number of shopping malls quadrupled since the 1970s to 116,000 shopping malls across the country. anchor stores like kmart and sears hitting the wall, so many shopping malls go down. they will not be able to make enough money to service their debt, not necessarily the entire mall shutdown. 8600 shuttered this year. a quarter of shopping malls could go belly up, and head count arguments, amazon exited the cost of this.

and a lot of shoppers, t.j. maxx is stepping and where other stores are failing and a lot of shoppers see shopping like a sporting event. they want to go out to the mall like you. ashley: amazon taking over those spaces is adding salt to the wound. liz: a good point but they did overbuild. 116 shopping malls in the us. stuart: who could have foreseen amazon? who knew that amazon would be a bms. liz: i coveted in the 90s. star trek kind of idea you could do shopping from your computer, from your own bridge. stuart: after he found that amazon i interviewed him. he laughed all the time, had a

gigantic vision what he wanted to do. he was laughing all the time. all the way -- liz: the point he made up his profit numbers. stuart: 20 years ago none of us saw that vision would come to fruition. take a look at the white house, the president will be leaving shortly heading to texas for that meeting with apple chief tim cook in texas. he often speaks to reporters when he leaves the white house. we expect him to do it today and when he does you will hear exactly what he has got to say. ambassador gordon sondland says there was a quid pro quo in that conversation with ukraine. the market does not appear to care. does rodney mcdaniel care? we will ask and the 2020 democrats take the stage tonight in atlanta.

the ratings absolutely terrible, they are declining. is that good for the gop? this is the third hour of varney rolling on. ♪ driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades.

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stuart: amazon is considering using facial recognition, the ring the doorbell thing. >> they have a patent that would automatically send your facial recognition data to local cops. congressman ed marky from massachusetts saying there are civil rights issues, privacy issues. amazon is not disputing of a patent application. it does say customers can request facial recognition but that is the issue. you are walking your dog, your

child by the doorbell in your face -- stuart: i understand the objection. i thought it was just privacy concerns but it is more than that. it is automatically going to the police, that is the problem. kind of a surge. >> 6 police department rely on this. hometown local police chiefs say we are solving crime. stuart: i could see how it would. 6 of one and half a dozen of the other. bottom line to me, we've all got to realize almost anywhere we are on camera, being recorded and somebody's listening. ashley: no expectation of privacy. liz: amazon can possibly sell your data. that is the other issue. stuart: here we go. good explanation of the story. more impeachment fireworks. ambassador gordon sondland is testifying right now and he says there was a quid pro quo on the ukraine phone call.

rodney mcdaniel with us, your response. there was a quid pro quo. what say you? >> he's contradicting what he said in his sworn testimony where he said there was not a quid pro quo so we have to get to the bottom of that but the reality is facts don't lie. ukraine was given aid. there was no investigation done. the president of ukraine said he felt no pressure. actions do not lie. there was no quid pro quo, the president never asked for quid pro quo. what you are hearing through these exhaustive boring hearings is different interpretations of what they heard on a phone call many people listen to and they are coming at it from different lenses. the reality is the fact are laid out very clearly. there was no aid held back because we gave it and there was no investigation. stuart: are you prepared to say flat out that the house

hearings are dead and if it ever gets to the senate the president will not be removed from office? would you flat out say that? >> i will flat out say the house hearings are a dead, the only thing they are good for is to put you to sleep. they are a waste of taxpayers time and money. they are not getting us mca pastor anything meaningful for the american people and it is an exhaustive waste of time with the democrats crazed belief that the voters of the 2016 got it wrong and they need to nullify what happened with 63 million votes and take back the election of donald trump. that is the mission they have been on since 2016 and it just continues. stuart: what do you think you will see in the democrat debate tonight? i know you will watch because you will be taking soundbites for use in future political campaigns but what do you expect to come at you? >> i have to watch. it is also boring. i don't think many people know there is a debate going on. they have not been getting a

lot of viewership. they are lurching further left as they have gone forward, talking about taking away people's private healthcare plan, putting out huge monstrous budgets for the green new deal, government takeover of healthcare. we will see more of the same and of field that continues not to win now. they will go after buttigieg because he's taking the lead in early primary states. you will see him get more attention. stuart: hold on a second and let me deal with this issue. the game uno is getting rid of red and blue cards because they don't want to be partisan if you are playing at thanksgiving. i can't believe -- ashley: no red or blue cards means now taking sides. they will replace those colors with orange and purple. the new packaging overall will work with classic red labeling. it is just a publicity stunt.

stuart: we just gave them publicity. ashley: create a political fight, i don't think so. stuart: are we exaggerated this toxic political discussion around the thanksgiving table? i don't think it will be that bad. >> i say oh no, don't do that. play the red and blue cards. that is dumb. it is a classic game. draw four. it is ridiculous. i'm glad i have the classic cards, i will not be buying new ones. stuart: around your thanksgiving dinner table, you're a busy lady, don't know if you get to sit down for thanksgiving but if you did do you have any democrats around the table you will argue with? >> i have uncle mitch. we are not going to be spending thanksgiving together.

i have often said if we did a pay-per-view romney thanksgiving dinner, i could raise my whole budget for the 2020 campaign. i have democrats in my family. i have republicans. we keep it very very neutral. we talk about how the detroit lions never went on thanksgiving day. stuart: the same in my family. there are a couple of democrats, i guess. they don't show themselves publicly but we discuss anything and everything around the dinner table. we are americans. thanks for being with us. don't stay up all night watching that debate. >> thanks for having me. liz: uno has your back. stuart: whatever you say, i don't understand it. the la auto show this weekend, the public gets in. show us around the new land rover defend her, they built it

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show, jeff flock got an early look and he is there now. do you have a british land rover? >> the british are coming once again. it is a land rover but you know which ones this is? the famous defend her which is not been sold in the us and 1997, they stopped making it in 2016. it is back. gasoline prices, desire for this kind of vehicle, the quintessential vehicle, the british empire, you can slog through asian swamps, african jungles and other far reaches of the british empire and of course the idea is capability. you can go pretty much anywhere and they are trying to show that here. that is a fake tent. they did that for some other purpose but what can i tell you? they did the classic alpine lights, what they call these. it is like you are on an amtrak

train and on the inside the interior floor, carpet on top of it, that is all rubber. you can hose that out if you go to new jersey or wherever and clean it up. it is all about capability. this would not have been possible. the reason they stopped selling it in the 90s was regulatory issues that the vehicle couldn't be sold here anymore. that environment has changed. the vehicle has changed. stuart: do you know the asking price? >> this one here, started at 49-9, this one over here the way it is outfitted is 80 grand but they started 50 grand. if you like that, that is not a bad price point for the capability you are getting here. 80,000 there. stuart: see you soon.

we are waiting to hear from the president as he leaves the white house. we hope to get something from him as he heads to the meeting with tim cook in texas later today. kylie jenner sold her stake in a big cosmetic company, she sold the steak for $600 million. that is the beginning of the story. we have word how much she might pay in taxes on that deal. she won't be voting for elizabeth warren. we have charles payne on it next. ♪ the world is built for you. so why isn't it all about you when it comes to your money?

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stuart: the big board shows 82 points. not a huge decline when the index is at 27,849. no impact we can see for impeachment hearings that are going on in washington dc. gordon sondland said yes, there was a quid pro quo. doesn't appear to have hurt stock prices. it has been a big day for

retail especially for the stock price's target. they seem to be hitting on all cylinders. stock prices up 11% which is a huge gain for a company of that size. charles payne is with us. that is the standout performance. charles: they fixed those carts with the bad rear tire. i love this but every time i am in their, the shopping cart, that last rear tire, i am feeling like redrum, redrum, i've got to get out of here. stuart: you said that to the ceo? charles: he said he would meet me at the hackensack store but we never got together. in our meeting this morning i said i am always imploring people to invest in the market. this is what i think target shoppers could have seen, having about themselves to consider being buyers. they expand the toy section,

toys "r quote us has gone out of business. i am in their all the time. the store has gotten better. they make major investments. digital sales up 30%, same day stuff. you pick it up curbside which cost the store very little or slip into your house, this is the advantage over amazon. amazon as to build giant warehouses and this other stuff. they don't have to make those investments. they've got locations. walmart and target have that advantage over amazon. stocks at an all-time high and i think it will go higher. i think it goes higher. charles: i sold in the last earnings. a big investing mistake by not getting back in.

it got heated. i realized right away the more i cringe these numbers i made a mistake. stuart: tell me about macy's, the department store is a different section of retail and they are in deep trouble. charles: i have an index card for you, a dozen retail names on my desk. this is the other side of a retail store. taylor branch with men's warehouse, they don't have the wherewithal to make these investments that lowe's, home depot, they don't necessary management. they don't compete in an amazon world. stuart: it is a totally different world. who could have seen ten years ago that amazon would be the company that it is today delivering billions of packages next day. who could have foreseen that? charles: they started as a book company but you could have seen this a few years ago.

we have seen the evolution of amazon in front of our faith in the retail world was caught flat-footed and all the stocks were down but walmart gets it and target get it and other names get it in the middle. they are niche players, dollar general for instance in rural areas, that amazon could never compete against. there are a few brick and mortar retailers that will always survive. stuart: hold on for a second. i will talk about kylie jenner as we reported yesterday. she sold a big chunk of her beauty company for $600 million. liz is going to tell us what attacks will she have got. liz: $220 million. it is a federal and state of california taxes so 37% plus tax rate she is getting hit with plus federal investment income tax. capital gains tax.

charles: california, in california you make a capital gain, play the same tax rate as ordinary income. that is why the tax bill is so much. liz: that is the issue. when elizabeth warren says wealth tax, maybe kylie jenner can send a post for 270 million followers saying i paid a big chunk to federal and state in terms of capital gains. stuart: elizabeth warren doesn't care. charles: there have been some research done that certain billionaires sometimes oh 158% because the capital gains would be indexed, you have your regular income tax, estate tax and the capital gains tax, you would owe more money you make in the year. stuart: wealth tax is impossible. liz: it is unconstitutional.

stuart: you assess your wealth. liz: howard irs auditors assess the paper gains? stuart: you've got to decide this every year, i am worth this much. what date were you worth this much? then they will say how much tax you owe and you will go to court and delay the whole thing. charles: how much is it worth this year versus next year and it goes around, the hardest artist in the last 10 years. stuart: you are an art collector? charles: yes but i don't know any of that. i would not be here. i would be on the phone. stuart: you are a collector of watches too. charles: watches and art. stuart: that is where you think your wealth. charles: among other things. and my wife's bag collection.

every time i get a watch you get a couple bags. it is a democracy in our house. stuart: donald trump is heading to austin, texas, today. not sure when he will leave the white house. he will tour the apple factory with tim cook. he is speaking to reporters right now. momentarily, whether it is momentary or not, we will get a tape for you but i want to bring in the austin chamber of commerce, welcome, great to have you with us. austin, texas, the city itself is run, the council is run by democrats. it is left-leaning. the chamber of commerce left-leaning in austin, texas, tell me it is not. >> that is a pretty loaded question. we represent businesses so we

are a mixture of every thing and that is the interesting thing about our entire region which we represent, 17 cities so you have a good blend of both parties being represented. charles: the business community where you are really likes donald trump and welcomes his visit, am i right in saying that? >> he has been to texas multiple times, he's been to austin multiple times, he was very supportive when we had hurricane harvey. having him here with tim cook, touring one of our manufacturing plants is an exciting day. stuart: as i understand it they are going to break ground on a new apple campus in austin as well as starting up the new factory to make the mac pro. how many jobs are we talking about in the long run? >> right now they have 7000 in austin, the largest campus they've got outside of their headquarters and the new campus they are building will have

3,000,000 ft. . the initial start on that is an additional 5000 jobs they can grow to 15,000 jobs there and the other plan, 500 jobs associated with that. stuart: across the board are we talking about high income jobs? >> they have jobs the kind of go across all sectors. all job skill sets. that is what we like to see. we like to see jobs being created that will bring prosperity to all families. that is one thing we are all in unison with, to see jobs being created, to help people to prosper and provide for their family. stuart: are you meeting with the president today? >> i won't unfortunately. stuart: would you like to? >> i think that would be great. stuart: he will get a warm reception in texas? >> you know what? he will probably get blended

but he is doing some good things for us. stuart: thanks very much for joining us this morning. good luck with the president's visit this afternoon. thanks very much. we are going to do this uber story again, talking about recording your conversations, what you say when you take an override. i'm not clear about it. ashley: it is in the development stage. they are testing something in south america and it is hard to get to the bottom of what you do. do you do it your self? you can record your self but they say in markets where it is available users will give a blanket warning the trips the subject to recording. it is a little gray right now. basically the original was you have an apps and you say i will record this and there's a problem you send the recording by attaching your apps tuber. it is an encrypted audio file. they will listen and decide what was going on and whether there was a problem.

stuart: that is different from what we initially heard. it is not a blanket you are going to be recorded. ashley: it depends how develops but it creates problems because of the content rules. stuart: you have both parties agreeing to the recording. but in new york it is just one. they've got to get around that one. as we keep saying, donald trump is leaving for austin, texas. he is speaking to reporters right now. he says china wants to make a deal. the question is do i want to make a deal? but we can't forget about hong kong. this is not what the president had to say. can't forget about hong kong. the senate unanimously passed a bill, a big win for pro-democracy protesters. will a president sign it? that is a very good question and we will be finding out very shortly. ♪

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stuart: the impeachment hearings going on in washington today took a bit of a turn because gordon sondland was testifying today and he said there was a quid pro quo in that phone call and nancy pelosi interprets quid pro quo as bribery which is a crime. liz: after focus group event message. stuart: quid pro quo didn't fly with the voters of a change it to bribery which everybody understands but that raises the ante because that is a crime that is impeachable. you could say that it turned to the worst for the republicans in those hearings today. tell me again what did the president say about it? >> i wanted nothing, didn't bring up a quid pro quo. that is what he is saying now. the issue is where is the bribery?

did get the aid? yes. did they get legal aid more than obama gave? yes. did they get a summit with the president? where is the bribery? stuart: that is a fair question but i noticed when the president's statement was released, suddenly the market retreats. now we are down 100 points. presumably the market is taking the impeachment hearing today rather seriously and - within seconds i am going to play the tape of what the president had to say, not answering reporters questions. he was delayed today and then came out and gave a statement. have we got it yet? here it comes, 54321. >> thank you very much. we are going to austin, texas. apple is opening up a fantastic facility, spending a tremendous amount of money and i have been asking tim cook from the day are got elected from the campaign i have been asking tim

cook to if they would, we want to see apple build here, that way you have no tariffs, no tariffs. when companies come to our country and they build there is no tariffs. the economy is doing unbelievably well. we continue to talk to china. china wants to make a deal. the question is do i want to make a deal? i like what is happening right now. we are taking in billions and billions of dollars. i'm going to go very quickly just a quick comment on what is going on in terms of testimony with ambassador sondland. i just noticed one thing, i would say that means it is all over. what do you want from ukraine? he asks me screaming. what do you want from ukraine? i keep hearing all these different ideas and theories. this is ambassador mollie tibbetts speaking to me. just happened. i turned off the television. what do you want from ukraine?

i keep hearing these different ideas and theories. what do you want, what do you want? it was a very short and abrupt conversation he had with me. they said he was not in a good mood. i'm always in a good mood. i don't know what that is. he just said, now he is talking about my response. he is going what do you want, what do you want? i hear all these theories, what do you want? and now here is my response that he just gave, ready? you have the cameras rolling? i want nothing. that is what i want from ukraine. that is what i said. i want nothing. i said it twice. he asked me the question what do you want? i keep hearing all these things, what do you want? he finally gets me. i don't know him very well. i have not spoken to him much.

this is not a man i know well. seems like a nice guy, though. but i don't know him well. he was with other candidates. he supported other candidates, not me. came in late. here is my response. if you weren't fake news you would cover it properly. i said to the ambassador, response, i want nothing, i want nothing, i want no quid pro quo. tell president the linsky to do the right thing. here's my answer. i want nothing. i want nothing. i want no quid pro quo. tell zelinski to do the right thing. then he says this is the final word from the president of the united states, i want nothing, thank you, folks, have a great time. stuart: that was truly remarkable, not what we were expecting but the president was

just adamant there about this quid pro quo business. the president said i don't know how many times, a dozen, i want nothing. that is what i said. no quid pro quo, i want nothing, i want nothing, the president repeated that many many times in that brief 31/2 minutes, 4 minutes clip, releasing a statement when he left the white house. i want to bring in senator kevin kramer, north dakota republican. i know you were listening to this. that was in adamant rejection of quid pro quo. where do you stand on all this? >> where i asked and is where i always did. until you can produce a victim there doesn't seem to be a crime and as you know, ukrainians, the president and foreign minister have said there was no quid pro quo, we felt no pressure. convicting someone of armed robbery, no robbery and no victim, listening to the president be that adamant i am not surprised. he simplifies what other people

think are complicated things and if what he says is true, to this point no witnesses said anything other than the president said there was no quid pro quo. i am not sure what this is about. stuart: if this gets to the senate, do you think he will be removed from office? >> so far it is hard for me to believe they could even get enough votes in the house without a lot of political pressure. democratic friends in the house of representatives are growing as weary as the american people are of this nonsense. if it gets over here and we have an honest trial, with rules of evidence implemented by the chief justice of the supreme court, we can dispose of it rather quickly. i think it is in the president's best interest and have at least enough the trial to get his side of the story. stuart: the senate just

unanimously passed the bill for the protesters in hong kong very much in support of the protesters. china is very angry about this but going forward do you think the president should sign the bill just passed by the senate? >> it is important the president signed the bill. it passed unanimously. all it does is reaffirms a commitment to rule of law, democracy and human rights and it does reaffirm hong kong's economy, it is important the president signs it. we are an important negotiations with the communist country. part of the role of trade and part of the role of friendly relationships is to have influence, abraham lincoln headed into this thanksgiving week, when he signed the first thanksgiving national holiday, he was quite clear, the spirit of liberty is the heritage of all people in all countries

everywhere. we are the beacon of light and democracy, it is important to move this forward and send that strong message. it strengthens his hand with china. stuart: that is interesting. we appreciate you being with us on a very busy day. always a pleasure to get you on the show. thank you. market has settled down a little. we dropped 100 points when we first heard the news that sondland said there was quid pro quo, the president made his dramatic statement, down 80 points. ashley: there was some positive, you make to make a deal with china, the president said we continue to talk to china so it means nothing but it means there hasn't been a setback by any means. you needed 31/2 minutes. stuart: it was interesting. he was very fired up about what he wanted to say about hearings going on.

he repeated a lot. stuart: what surprises me is the market is not down more because i would think not going straightforward with china trade. waiting for this phase i thing. liz: will the december tariffs kick in? look at the text box, up 41% year to date, that is astonishing. tech stocks have seen the best rally in a decade. the markets are filtering through what is going on in dc, looking toward the fed minutes and saying things are pretty good right now. stuart: we concentrate on minuscule movements, down 100. liz: it is fractional. stuart: you are right to point out that the technology sector, the s&p is up 41%. some of these gigantic american

tech companies. ashley: they started the bull run and picking it up again. stuart: apple and microsoft at all-time record highs. google hit an all-time high above $1300 a share. big tech has gone up enormously. facebook is almost $200 a share, one 9833. google at 1305. we shouldn't concentrate on the minuscule fractional movement of stocks. liz: dc, the 2020 debate will be pure entertainment because the trump campaign is flying our banner about socialism destroying jobs. stuart: will you watch all the way through? liz: now. i will try but voters are tuning out. voters are tuning out of the 2020 debate. the washington post reporting no front runner until the summer. the month of the election. it is chaos. we have never seen that happen in this country. stuart: stay up all night to watch? ashley: sorry.

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stuart: couple stocks to check. look at boeing, please. emirates, the world's largest airline, they ordered 787 dreamliners. 30 of them. so boeing is at 368. i don't know where that thing is going. ashley: they sold max jets yesterday. there is a little bit of good news. stuart: stocks coming back, marijuana stocks. canopy growth, all beaten down badly. all kinds of problems in the marijuana industry. canopy growth is back up to the tune of 14%. that is quite a big gain.

bank of america, merrill lynch says, it is a buy. buy canopy growth. overall, we're down only 90 points. markets are still close to all-time record highs. ashley, liz. thanks for helping me out today with baby yoda. neil, it is yours. connell: in for neil. welcome to "cavuto: coast to coast" on the busiest of news days for next couple hours. i'm connell mcshane filling in for neil. good to be with you. put it mildly we have a lot going on. most dramatic day yet in the impeachment hearings. in washington, d.c. we doubts in the markets that the possibility china trade deal might get done