maria: he knew it first. because he reads everything. >> he's a know-it-all. maria: great to see you this morning. thank you so much. have a great weekend. that will do it for us. see you sunday. "varney & company" begins right now. stu, take it away. stuart: good morning, maria. good morning, everyone. message to tesla. when you introduce a new product, make absolutely sure you got it right. last night, tesla got it badly wrong. the new electric pickup truck debuted with great fanfare but the shatterproof windows were not shatterproof. with elon musk looking on, the windows shattered twice. there's the second time. surely this would never have happened to tim cook. the stock is down. we've got a lot more on this one coming up for you this morning. all right. so here's a tim cook new product that's doing very, very well. airpods. apple says they will sell 50 million of them at $249 a pair

for the airpod pro. they are going to bring in a ton of revenue, billions of dollars. that's huge even by apple's standards. that stock is up just a little this morning, $262 on apple. let's get to the market. as we close out what i'm going to call impeachment week, what do we see? stocks right at record levels and probably going up some more at the opening bell. i think it's, what, 39 days to new year's eve. looks like we are in a year end rally. the dow's going to be up about 50, six up for the s&p, maybe 20 points up for the nasdaq composite. friday, november 22nd, 2019. "varney & company" is about to begin. stuart: i really want to show you more on the tesla cyber truck. what a performance at the debut last night. jeff flock is with us now.

he knows all about this. jeff, take me all the way through it, please. reporter: it's what they call news, stuart. it's something that was not supposed to happen that happened. you know, it's important to note all the video you are seeing, they did not allow mainstream media like us into this presentation, so all the video belongs to the folks at tesla. they shot it all themselves. you know, they tested this glass before he actually threw the ball at the truck. they tested it onstage, just a piece of the glass didn't break. then musk gives the ball to his lead designer and says this metal ball, throw it against the window, show how it, you know, won't shatter. well, take a look at what happened and take a look at what musk had to say. if you don't think he was surprised, you're not watching tv. listen. >> oh, [ bleep ]!

well, maybe that was a little too hard. reporter: maybe you heard that little beep there. that would have been a word that's not usually used on the "varney" program or elsewhere. this kind of overshadows the whole truck situation. earlier, they actually had a sledge hammer hitting the side of the truck and that actually went pretty well. the whole point being this is, you know, so powerful and so stro strong, what can i tell you? stuart: jeff, look, let me break in here for a second. that looked pretty futuristic to me. that's a very interesting design for a pickup truck. i've got a pickup truck on my farm, a ford f-150. it doesn't look like that and i'm not so sure that something

that looks like that is going to be much use in actual work situations. what do you say? reporter: well, the speculation is that yes, this could be a niche product and of course, how soon they would even be able to get it to market is another question but it's got some interesting features. you sometimes use a nail gun. this has a compressor in the truck. it's got a pull-out ramp that lets vehicles go back up inside the vehicle. i mean, you know, it's either a niche market or it's the future of trucks. well, not truck windows, though. stuart: jeff, we will move on. the stock is down at this point, minus 3%, almost 4% down, actually. significant loss. possibly because of those shatterproof windows. next case, apple. new report says airpod shipments expected to double this year, to a total of 60 million units in 2019. that is huge. cyberguy kurt knudssen with us

now. that turned out to be an unexpected big hit. >> huge hit. enormous hit. the airpods pros, these are the latest ones that came out in october. i've had them since about a week before public launch, testing them out, and i will say they are the best wireless earphones i have ever used, period. super comfortable, very reliable. you get about four and a half to five and a half hours on battery life at a price tag of $249. it's not the cheapest one on the market. they've got -- i can't believe they never discount a new product at apple until now, it's going to be a hair off, $15 off for black friday but still, at $249, the regular price, i would buy these tomorrow again and again and again. stuart: one interesting feature is noise cancellation. so you can put them in and you can't hear the noise around you. is that accurate? >> in fact, with this one in my ear right now, i can't hear you out of my left ear but i can

hear you out of my right ear. it's very accurate. i use these when i fly. i put them in and i might put on a tv show or whatever and i go to sleep. then the tv show may stop but it's silent, because the noise cancellation feature is still going. then i find myself now just wearing them for silence, just for calmness during, being in a busy city or whenever you are around crowds. i like it. it really works. stuart: consumers have got a lot of money to spend these days for this holiday season. that could be one huge seller for christmas. >> they are going to have 50% of the market, half of the market, 60 million units expected to be sold in 2019 of true wireless which is what this category is. stuart: true wireless, there's no wire going to anywhere, there's no wire linking the two pods? nothing at all? >> correct. stuart: totally wireless. >> correct. that's really what everybody wants now. stuart: that's a must-have. did you just sell me some? >> here you go. lauren: i think there's a wait

for this, a two to three-week wait. >> two to three-week waitlist just to get them. stuart: so order them now if you want to get them for christmas. >> you will find them at other retailers, walmart, amazon. they've got them all over the place. they have also got them less priced, you know, sometimes you will find a little better price elsewhere. stuart: that won't last. such strong demand, price cutting will not last. thank you very much indeed. you almost sold me a pair. thank you very much. straight to your money, please. it's friday morning. the stock market's going to go up a little at the opening bell. let's bring in market watcher rebecca walser because i want to know about this year-end rally. seems like we're in it. you think it carries through to the end of the year? >> in it to win it. i love it. yes. absolutely, i think that we are so -- strong consumer sentiment, what's not to love. we are looking good. stuart: suppose we don't get

china phase one, is that real bad for the market? do we sell off badly? >> we don't want to see that, certainly not before the end of the year. stuart: okay. i know. but if it happened, would that really upset the year-end rally? >> i think you're right. that would not be good news. that would be very bad news. i think it would be very unwelcome and badly received. yes. stuart: are there any other dark clouds that could spoil the party? >> you know, i think the impeachment has been completely discounted. in undergrad economics we learned the markets are efficient and process information instantaneously and i think it speaks volumes that this week's impeachment was pretty much just completely ignored and we had all-time highs this week. stuart: okay. what about as we go into the new year? i mean, are we going to go -- when are we going to hit 30,000 on the dow industrials? >> oh, my gosh, yeah. don't say when because then it will jinx it. right? i don't know, stu. we need to keep seeing stability in the markets. we have to get this resolution,

if it does go to the senate. i'm not so sure it will go to the senate. i think this week is making it suspect we will actually get formal articles. we'll see. there's a lot of moderate democrats that would be wise to maybe not vote that way. if it goes to the senate we need resolution. i think the market would potentially wait to see what happened with that. stuart: got it. rebecca, we will talk to you real soon. thanks. appreciate it. okay. wework's founder adam neumann, he was supposed to walk away with, what, $1.7 billion. there was outrage at this, because a lost workers put out on the street. he goes at $1.7 billion and the workers get nothing. that could change. deirdre: it could change, because softbank, which is the company that has an 80% at this point majority in wework and is essentially extended them a lifeline, is actually trying to see if they can back out of certain parts of the agreement that they made with mr. neumann, according to our sources.

however, it is quite likely that neumann would then counter-sue. i think the founder of that vision fund at softbank, mr. son, basically said it's a mess. stuart: but the outrage has gotten to them. you understand what they have done with this. deirdre: of course. as we have been reporting, they are cutting jobs at wework. one source told me there could be up to a third of the employees let go. we reported yesterday 2,000 jobs but i have heard from other people that's going to go to 4,000 or 5,000 employees. stuart: okay. the outrage is right there. deirdre: people getting fired, this guy is walking away with more than $1 billion. stuart: deirdre, thank you very much indeed. all right. friday morning, where are we going at the opening bell? up, not by much, but we are going up. i see some green arrows for the dow, s&p and nasdaq. now this. mcdonald's employees in chicago are suing over what they claim is an epidemic of violence in mcdonald's restaurants in chicago. the question is, who is

responsible here? the restaurant or the city? good question. we'll ask it. i say disney will own christmas. its much anticipated sequel to frozen poised to be its sixth billion dollar film this year. how about that? they are releasing baby yoda merchandise. people seem to love this stuff. disney is going to make a lot of money out of this. what a story. we are on it. more "varney & company" after this. the world is built for you. so why isn't it all about you when it comes to your money? so. what's on your mind? we are a 97-year-old firm built for right now. edward jones. it's time for investing to feel individual. this masterpiece of italian design and performance... and about 15 minutes for us to do this. blends right into the italian architecture. no no no no no!

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support the pro-democracy protesters in hong kong. would beijing retaliate. that's that. if they retaliate that gets us to the trade comments. the president just moments ago said president xi wants to make a deal more than i do, i'm not anxious. stuart: he has said that before in precisely the same language. he has said that before. there are all these elections coming up in hong kong this sunday. let's see what the authorities respond to that election with. we'll see. okay. that did not make any -- what the president had to say did not make a difference to futures. we are still up 40 or 50 points on the dow. now, next one is mcdonald's. chicago area employees are suing the company over its alleged, over the alleged pattern of violence at its stores. i want to bring in andy puzder, former ceo of hardee's and carl's jr. chains. obvious question. how do you run a fast food operation in a high crime area? >> it's very difficult. i will guarantee you that

mcdonald's is doing everything it can to protect its employees and customers. the last thing you want if you are running a company like this is for your employees or your consumers to be in danger. it's not only for humanitarian reasons but for economic reasons. the problem in chicago is that there's an epidemic of violence so maybe you have to take more stringent measures than you do in other places in the country, because the city of chicago seems incompetent to deal with the issue. stuart: but who is actually responsible here? is it the restaurant or is it the city? i mean, the restaurant pays money to the city for security in a police operation so who is really responsible then? >> i think the city is responsible for policing the city. that is not something that gets delegated to private companies, including even one as big as mcdonald's. mcdonald's responsibility is to make sure that inside the restaurant, they are doing what they can to protect their customers and employees. like i said, i guarantee you they are doing -- they are willing to do and would do

anything they could to make sure their employees and customers were protected. stuart: would that include leaving the area, closing the stores? because you can't protect against that kind of lawsuit in that area. >> well, that's definitely one of the considerations. you don't want a store where you are going to -- not only would it hurt you economically but would hurt your reputation in the community, could hurt your reputation nationally. it's very difficult to run a restaurant in an area where there's high crime and you've got to worry constantly about the safety of your employees and consumers. stuart: it's a rotten situation, isn't it. any way you slice it. >> terrible. it's terrible. this is why you find that businesses don't go into these high crime areas, which are often minority-controlled areas and you know, that's an unfortunate circumstance because that's where people need the jobs. so we should definitely have more focus on trying to help businesses in those areas, because they will employ people. stuart: look, thanks very much for straightening this out.

i know you have experience in this area and you were very helpful on a very big subject. andy puzder, thanks for joining us. appreciate it. again, friday morning. how's the market going to open? as we close out impeachment week, some green arrows there. i see the dow going up 40 or 50, s&p up about 5, nasdaq up roughly 20 points. earlier this week, we reported that amazon is considering adding facial recognition technology to its ring doorbell. i think that sounds a little big brother-ish but we will cover it for you. more "varney" after this. imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination.

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stuart: let's get to the amazon ring doorbell story. it's a big one. they are considering using facial recognition on those ring doorbell things and some of those pictures taken of you and other people coming to your door would indeed be sent to police forces. this is a question of crime fighting versus privacy. kurt knudssen still with us. have you got an example of this, how crime fighting actually works? >> funny you should ask. this literally just came, this just came an hour and 15 minutes ago in my neighborhood, back in california. i just got this warning from a ring doorbell. i have a ring but they have this app that anybody in the neighborhood could have this and the police are also using this. that's where the controversy comes in.

anyway, this guy is on a neighbor's balcony, .2 mile from my house, am i worried? yeah. i don't like this guy poking around. he shouldn't be climbing over somebody's gate to get on their private area and snooping through the window at 4:00 in the morning, because it's east coast time, 5:00 in the morning. here's the controversy. amazon which now owns ring, right, they also own a magnificent facial recognition software called recognition but with a k. why not put those two things together so they are considering that. they are thinking about it. what would that mean? that would mean if this guy, this guy could just be some drunk jerk who is tooling around the neighborhood but if he was a criminal, and they had a data base of his face and he's a wanted criminal, what if that doorbell could capture his face, alert us and the police and say hey, we've got that suspect that is wanted on a felony and he's here and five minutes ago he was at this door. well now you've got an extremely

powerful law enforcement tool for police. on the other hand, you've got i don't know, maybe it's a civil case where a judge finally lets ask for this stuff to come in and you are able to track, say, your soon-to-be ex-wife who's got the kid on a stroller and did she really babysit that long and you've got 80 ring doorbells picking her up because at this point, there's really no information about how long the video is kept, if the police have it, how long are they allowed to keep it. it's still very mavericky, the territory. i think there's some concern about should we have a look at this a little bit closer for privacy's sake. there is no doubt, though, that we should not throw the baby out with the bathwater. let the police have this tool. just get smart about it. stuart: that's where you are coming from. i'm coming from get used to it because it's everywhere. >> you're right. stuart: thank you very much indeed. see you soon. check that market, please. we will be up 50, maybe 60 points at the opening bell for the dow, over 20 for the nasdaq.

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i'm not anxious to make it. we're taking in hundreds of billions of dollars in tariffs. we never took in ten cents. we are not paying like you know, they fed the line, you know, the media fed the line about us paying. no. normally you would pay for tariffs. stuart: now, that was the president on "fox & friends" this morning saying the deal potentially is very close. we have heard that before. it did momentarily affect the market, pushing up futures just a little, but the president also had something to say on hong kong, where elections will take place, just local elections, this sunday. what did he say? lauren: three points. i stand with hong kong, i stand with freedom, but we are also in the process of making the largest trade deal in history. point number three, china wants the deal, they want it more than i do. stuart: ah, okay. so on one hand the president says a deal potentially very close with china. on the other hand, he may sign and probably will sign this civil rights bill for hong kong which the chinese don't want.

six of one, half a dozen of the other. lauren: he could also let it sit on his desk and it automatically becomes law. stuart: same old, same old, isn't it. we don't have an objective statement about china trade at this point. okay. we are opening the market right now. 9:30 on friday morning. i think we are going to open on the upside. yes, we did. 50 points higher. most of the dow 30 have now opened. they are in the green. we are up about a quarter of 1% on the dow, 27,826. now, the s&p 500, how is that going? that is up a quarter of 1%. solid gain there. as for the nasdaq composite, i'm always interested, see how the technology companies are doing. best gain of all three indicators, up .28%. off and running, on the upside across the board. now, we are going to show you tesla. can't stop talking about the pickup demonstration, the debut yesterday. went badly wrong. the stock is down $15. 4.25%. more on that coming up.

david dietze is here, lauren simonetti, deirdre bolton. david, i'm coming straight at you with this tesla pickup truck. as you know, the windows were smashed. they are supposed to be shatterproof. they were not. they were shattered. i can't believe the stock is losing $15 a share because of the shattered windows. >> totally agree with you. i actually think they probably planned that. i think this is one of the greatest strokes of marketing genius. they are getting great attention worldwide on their new truck. of course, i think what was also very interesting, the price it's coming in, under $40,000. no one else's truck is going to be able to withstand that metal ball. they are sending a very strong message to detroit because they are coming after the most profitable segment of their business. stuart: look at this thing. i mean, i own a truck. i've got a farm and i've got a truck. i put stuff on my truck and it's not going to get on to that thing right there. that is not for farm use. lauren: it looks like a trapezoid. maybe you can call it fashion forward, i don't know.

deirdre: inspired by "blade runner" the movie. stuart: really? deirdre: yeah. lauren: most people are loyal to the pickup trucks they drive. they have a purpose. they like the power. even as ford goes to the electric f-150, i'm not sure the buyer will be there just yet. elon musk is asking you to take it a step further, electric and very different looking. stuart: in the age of social media, that demonstration, the demo yesterday was an absolute disaster. deirdre: i think, i mea mean, #cybertruck went viral, in my humble opinion for all the wrong reasons. i take your point but elon musk really does look surprised. we even had to beep out some of his language for our air. stuart: let's move on. look at apple, please. we have this report saying airpod shipments expected to double this year. that's the airpod. remarkable device, i am told. 60 million units to be sold this calendar year, 2019. wearables are doing very well

for apple, right? >> absolutely. certainly that's the future for apple services, wearables, things like that because we do have the slowing iphone sales. the only fly in the ointment, next year other tech companies like apple, like google, will also have their own versions. this is still hardware so whether this is a long-lasting revenue pop, i don't know. stuart: have you got them? lauren: havei have the first se. what i think will be good for apple, there's different price points from $100 to $250. they can sell them. deirdre: yeah. huge revenue and to david's point, it's all about services, all about wearables. that 60 million is double the amount of what anybody expected. they are really selling. i'm still kind of a bit of a dingbat on an airplane. i need the wires to be connected. i was on a flight this week and a gentleman two seats over actually lost one of the pods. this poor guy, he's like 70 years old on his hands and knees

looking for the pod. stuart: did you say he's like 70 years old? deirdre: everybody, happy thanksgiving. i think i'm leaving now. stuart: ageism raises its ugly head. let's move on. i happen to think that disney is going to own christmas. i say that for a couple reasons. first of all, "frozen 2" out today. and they are launching this baby yoda merchandise. i'm told it will sell like crazy even though i'm not in that market. look, disney owns christmas. take me on. lauren: number one, "frozen 2" will be the sixth movie this year to make $1 billion at the box office. number two, they sell a lot of this stuff. "frozen 2" merchandise. how about some baby yoda merchandise? this is from disney plus. this is the first star of the disney plus universe. you can buy stuff like this at amazon, target, you name it. point number three, disney can absolutely co-exist with

netflix. disney has original content. netflix is churning original content out weekly. i will say they can co-exist. stuart: show me disney's stock again. i think it's in the region of $250 a share. i'm sorry. $146.95. still pretty close to the all-time high. deirdre: yeah. it's had an amazing run. stuart: we will follow it through christmas. that's for sure. now, look at ross stores. they are a discounter. they came out with a pretty good forecast for the future. not doing so well for the stock, though. it's virtually unchanged. look at the gap. it reported better profits and they are still talking about spinning off old navy. they have been talking about that for a long time. the market is not buying it. they are down 1%, $16 a share on the gap. lower profit at williams sonoma. they are down 4.5%. on the other hand, you have nordstrom, upscale department store chain, they gave an upbeat forecast. the market loves that. they are up 9%.

david, overall, retail this current quarter, should be looking pretty good. >> certainly we had the strong consumer who has very good sentiment but what i like here, the consumer is being selective and so are investors. those who are offering great prices, off-price retailers, those providing the great value proposition, they are doing well. those who are providing the omni-channel service where you can order on the web, pick up at the store, they are doing well. but the department stores are still not offering great bargains, not offering a reason to come into the store and have a great experience, they're not doing so well. stuart: nordstrom is an upscale outfit and they are up 9.5% now. >> your favorite words come into play. expectations. expectations were low for nordstrom and in fairness, they are offering a different experience for the consumer coming into the store. stuart: upscale place doing pretty well. tiffany, there's a bidding war for titiffany.

somebody just raised their bid by a billion dollars. if you are in the middle of the pack, macy's or jc penney in the middle of department stores, not good. am i right? >> consumers and investors are being selective. stuart: now here's another one for shoppers. attention, please. amazon's black friday sales begin today. do we have black friday early shoppers here? lauren: one week before black friday, amazon has their black friday deals. they last for a week. does black friday still exist? seems like it's the entire month. the national retail federation said half of us started our holiday shopping on november 1 and that's why they think there will be $730 billion in sales. stuart: amazon's prime day in july, a lot of people were buying christmas presents in july on amazon prime day. you're right. it's stretched all over the place. deirdre: technology has changed everything. retail for sure, you can shop all year round. doesn't matter. stuart: one thing that surprises me, put amazon's stock back up there. we are still at $1700 a share. it briefly went above $1800 but

never returned to $2,000 a share even though we are all saying amazon, this is your online selling year, this christmas. lauren: because they are discounting a lot of items. like the lol surprise doll, you have granddaughters, amazon for black friday deals, they are 15% off. you don't usually find that stuff on sale. lol surprise dolls. 15% off. that's one of the deals amazon for their black friday. >> amazon is not the only digital game in town anymore. walmart, target, they upped their games tremendously. a lot of people want to shop online and pick it up in person. stuart: this is the year of online. david, you're all right. thanks for joining us. appreciate it. now let's check that market. we are almost at nine minutes in. we are up 53 points, 27,800. president trump will hold a meeting at the white house today about vaping. not exactly sure what's going to come out of it but we have the vaping association president on this show at 11:00 this morning. he will be at the meeting, too.

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stuart: 11 minutes in, 50 points higher for the dow, 27,800. now this. president trump says we are getting close to a trade deal. joining us now, curtis ellis, former trade adviser to the trump campaign. there's a lot more going on, but i want you, on the basis of the

president's statement moments ago on fox news channel, a deal potentially with china, very close. the state of play, please. >> well, as the president said, china is very anxious to make a deal. he's not so anxious himself. look, we are now entering into long -- we have to look long term territory, because we have this hong kong human rights and democracy act passed almost unanimously by congress. unanimous in the senate -- stuart: the president is going to sign it? >> he's expected to sign it. china is not happy. this is now a veto-proof majority so if he doesn't sign it, they will just pass it. they could override his veto which is unexpected. he's expected to sign it. but there are three bills behind that. there's a bill now to put sanctions on those persecuting the muslims in western china. there's a bill requiring the thrift savings plan not to be investing federal retirement dollars in china. so there are a number of bills.

congress is now stepping up and saying we are now going to have a voice in this and with this hong kong democracy act, very interesting, we are now back in 1975 territory, pre-wto, pre-world trade organization, in that it requires an annual review of hong kong's autonomy. are they truly an autonomous two systems, one country, two systems, are they truly independent of china. annual review. china used to be subject to an annual human rights review before 2000. business has no certainty that it would have tariff-free access to american markets if they invested and built stuff in china, if they were up for annual review this could disappear any year. so hong kong is now being put under the regime that used to exist for china. stuart: i'm trying to get some clarity here. it seems like you're saying that

with congress stepping up with a very hard line on china -- >> a realistic line, i would say. stuart: it's a hard line. it's a hard line. the outlook then for a long-term phase two, phase three is really dim. does it affect the outlook for phase one? might we still get that despite all that's going on? >> the sticking point on phase one is the sticking point that's always been there. china does not want to accede -- to accept any kind of enforcement mechanism with teeth. until they agree to do that, i would not hold my breath. stuart: is an enforcement mechanism with teeth in phase one? i thought it was just agricultural products and tariffs. >> anything that we agree to has to have enforcement mechanisms. bob lighthizer wasn't born yesterday. he wants to make sure that whatever agreement he makes and china signs, they live up to. and what does that mean? trust but verify. there has to be enforcement verification and it has to be real, not just i promise i'll take your word for it. stuart: i'm listening real

carefully. i know you have to be careful with what words you use, but again, seems to me like the longer term phase two, phase three, hopes for that dimming and hopes for phase one fading a little, too, because of the hong kong deal. >> we have to take -- we have to look at the big picture and the long term and it's beyond phase one, phase two, phase three. it's what is the situation in china. we now have the congress and the united states understanding what is at stake in china that this is not -- they're not playing by the same rules as we are. until they start doing that, we should not be putting our money and capital and technology in that country. stuart: there are local elections in hong kong on sunday. the pro-democracy candidates, few and far between, but they are going to do extremely well. what happens to the trade talks if the authorities of hong kong cancel the election and say we are going to squash it? >> you see, again, we are now at

a place where this hong kong freedom and democracy act gives president trump even more negotiating leverage with china. because he can say look, congress doesn't even want me to make a deal with you guys. you better come across and give me something significant here. stuart: so in this case, congress is playing backup to the president? >> very interesting situation. stuart: you gave me some clarity there. i really do appreciate that. curtis ellis, thank you, sir. see you again soon. walmart, this is fascinating. they are increasing their footprint in china. how many stores they going to open? deirdre: they are going to have 500 new stores. that's double the footprint that they already have. they are going to be developed in the next five to seven years. this is a more than $1 billion investment in china. so walmart is making a big bet on china. it's pretty clear the reasons why. if you looked at sales of walmart products in china last quarter, 6.3%, compare that to the rest of the world sort of the average, which is 2.5%.

you can see why walmart wants to be there. that being said, obviously it is still a huge bet, although most analysts say china will be the world's biggest grocery market by 2023. stuart: it's a big bet on the u.s./china economic relationship going forward. walmart says we're in. deirdre: they say we're in and listen, they are sticking their neck out with this. stuart: 500 new stores, i'd say they are. thank you. check the dow 30. big picture here. there are 30 stocks in the dow industrials and i'm looking at it now, it looks to me that 21 of them are up. 27 of them. right? seven are down. 23 are up. i got it. i was told there's no math on this program. signed a contract saying no math. deirdre: it changes all the time. stuart: thank you very much. boeing, one of its 777 jets made an emergency landing shortly after takeoff from lax. flames were seen coming from the aircraft engine.

nobody hurt. we've got the story for you. and the video, too. back in a moment. 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. ( ♪ ) ( ♪ ) the enchanted disney fine jewelry collection.

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stuart: this is what happens when you do not give a rosy forecast. this is what happens when you give a very poor forecast for the future. look at foot locker. that's what they did.

a poor outlook. the stock is down 5.5%. foot locker. a philippines airlines boeing 777 jet had to turn around and make an emergency landing as flames were seen coming from at least one of the engines. it happened shortly after takeoff from lax. 300 people on board. no injuries. look at that. you can see the flames. you would be frightened if you were on board that thing, wouldn't you? you can see it. flames. on this show we really like people to get to the point. we don't like waffling. get on with it is what we often say. we have someone who has the software to help people get straight to the point. howard brown is the ceo of ring dna. howard, you are welcome on this program, believe me. we really do strive to get to the point. we want the point of a story right up front. how would you help me do that? >> good to see you, stuart. it's been awhile. getting to the point is

critical, obviously. but asking the right questions, you know is really critical to getting to the answers you're looking for. stuart: get to the point. how do you help me get to the point? come on. >> we analyze your conversations and the data that led to those conversations. for us, we work with large enterprise customers like amazon, hewlett-packard, s.a.p., we analyze what their sales teams do, what their support teams do, all of the sales data, then we started looking at the conversations that they're having with their customers and realized that's the number one driving force of revenue within an organization. so it's how we talk to one another, it's how we listen and it's what we ask. stuart: so if i were to say to you, for example, look, i've got this story about tesla's demonstration that went badly wrong last night, they are coming out with this new electric pickup truck, it looks like it costs this, you would analyze all the points in the story and come up with what's

the headline? what's up front? you would do that? >> well, i would do that if there was somebody else who i could actually pay attention to. so it's not one-way conversation. it's really how you engage with me. so how are you and i talking, are you asking me questions that i'm able to answer, are you just looking for a quick yes or no. we find that asking open-ended questions really builds trust and rapport for businesses and really can help people get to the answers they want. listen, we have moved from a product economy to an experience economy and brands really care about how they can provide the best experience for their customers and prospects, because as consumers, that's what's going to make a difference. it's the experience we give. stuart: you work with amazon, microsoft, companies like that? >> absolutely. the biggest and most progressive companies in the world, from financial services to health care to technology companies, to really study what they're doing, how they're doing it and what

the outcome is. stuart: it's just pure software. it's not incorporating artificial intelligence at this point? >> it 100% is artificial intelligence. we are studying hundreds and millions of phone calls, the outcomes of those phone calls, every step a rep, either sales or support takes with their customers and prospects, and what we have realized is the things we say or don't say in our conversations or communications make a huge difference. stuart: they sure do. >> it's insane that we study everything about a business, but we haven't really been studying what people say to our customers, to our prospects and progressive companies are paying attention to that and they are seeing massive results. stuart: howard, that is fascinating. ring dna. i shall remember that. might even use it myself. howard brown, thank you, sir. we appreciate it. >> thank you, sir. have a great morning. stuart: let's get straight to it. all right. now this. the price of a thanksgiving turkey is at a nine-year low. what's the price per pound?

lauren: $1.30. stuart: that's a nine-year low? lauren: yes. we are talking about not organic turkeys and not fake meat turkeys. so according to the american farm bureau, a 16 pound turkey, the average turkey would cost you $20.81 this year, down about $1. stuart: i haven't paid for a turkey in 10 or 15 years. you go to the supermarket, buy $100 worth of whatever and they give you a free turkey. happens all the time. lauren: you have a farm. the bureau also says it's $48.91 to give thanksgiving dinner to ten people. doesn't that seem low? less than five bucks a person? stuart: not at my table, baby. let's move on. joe biden. he had a couple run-ins on the campaign trail. we will show them to you. i'm going to ask, is his campaign fading or even imploding? and because of that, is mike bloomberg rising, because of that? that's my take. top of the hour, coming up. and not far from here, where

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stuart: it is friday morning 10 being eastern time. we received the latest read. i think we got the number on consumer sentiment. this is the university of michigan consumer sentiment indicator yet. >> it may be a bit delayed. i don't have it on my screen. we do have sentiment rising 96.8%. that is increase of 1.4%. if you look to conditions, they obviously asked businesses, people, how they feel about it. they got 111.6 reading. that is decline of i might add of 1.4%. you have a bit of a mixed bag of tricks. as far as consumer confidence. that is 2/3 of our economy.

stuart: is it still strong? >> still strong. stuart: no real comeback from a strong level? >> no come back from a strong level. when they speak about the future that is when you get a little bit more wobbly. stuart: jpmorgan's economist, his name is david kelly, he is on the show this morning joining us right now. seems to me this is the quarter, the final quarter of the year and consumer in very, very good shape. can you back that up? >> i think that's right. what we've seen is, we obviously had the tax cuts helping out in 2018. what we've seen this year, pretty good wage gains actually. they are not huge, but been consistent about 3 1/2% growth in wages year-over-year and with a economy about 2% inflation, that means every month you're getting a little extra income in people's paychecks. i think that is helping consumer spending there is no problem with u.s. consumers. there is a problem with u.s. investment spending, that has been week.

consumer spending looks pretty good. stuart: can we say this will be, i don't want to exaggerate, but is this the best holiday selling season in five, six, seven, eight, nine, years? >> i don't see why, i don't see why it would be better than last year. after all we did have the tax cut last year. not so much this year. i think there is a big switch how people are spending. i think it will be a very big year obviously for online. i think mall retailers little nervous here. maybe there wit be a splurge of spending but i think there will be a lot of problems in january when we get into bricks and mortar retailerring. it is a mixed picture. a lot of stuff we do imports. the holiday season doesn't affect us, it also affects the rest of the world. stuart: david, thank you for joining us. look at the big board. we have the consumer confidence number out there. consumer confidence still pretty

strong. the dow industrial average up 80 points at 27,847. now this. in the last five months joe biden's standing in the polls has gone south. i'm using the respecting monmouth poll. 32% support in june. 23% support in november. not good. getting worse by the day. joe is easily rattled. watch this. >> [inaudible]. separated from their families. >> you should vote for trump. you should vote for trump. stuart: that is not a great response. here is easily rattled part two, roll it. >> mr. vice president, i wonder if you have a comment on this report and court filing out of arkansas, that your son hunter made you a grandfather again. >> no that is private matter. i have no comment. only you would ask it. you're a good man.

classy. stuart: joe biden is actually opening the door for mike bloomberg. take a hard look at political reality. bloomberg does not have a money problem. he could chuck a billion or two and barely blink. chuck it into the election campaign, barely blink. money talks into politics. he doesn't scare the moderate democrat base. doesn't scare them. he will not throw the country into recession with some wild climate experiment. i'm talking about bloomberg. he has solid executive experience as mayor of new york. i'm not saying he wins the presidency, but he has a good shot being the democrats nominee. the democrat presidential race is chaotic. what, 18 candidates? a fading joe biden. unelectable socialists, warren and sanders. extreme policy divisions. here comes the 52 billion-dollar man? wouldn't that be something? trump versus bloomberg in 2020 if that would the election of the century.

take a look at michael bloomberg spending big to register voters in five key states that were won by trump by a narrow margin in 2016. and now, bloomberg has filed to run for president with the federal election commission. lauren, what do we have on this one? lauren: he has the money. he is spending $20 million in trump narrowly won states. that is the strategy. i will point out states that could actually go to the democrats. arizona, trump won versus hillary clinton, margin of victory 3 1/2%. part of the drive of mayor bloomberg is to register voters, register unrepresented latinos, for instance. check out texas there, trump won by a wide margin, 9% in 2016. a lot of republican lawmakers retiring and a demographic change in texas. what happens? the president has been in texas frequently recently. stuart: bloomberg is spending big in those states. my premise, bloomberg could well

be the democrat nominee. that is the premise. lauren: this is how he plans to do it. stuart: he is on the road to doing it. tammy bruce is with me. would you take issue with me? mike bloomberg is looking pretty good within the democrat party because everybody else is fading? >> it also because he hasn't been campaigning. he hasn't been in the debates. he hasn't been in the field. he hasn't been where joe biden has been, having to talk, debate , work with the press. i think it's a clear enough of a slate where you project on what you already know that's a problem. it is interesting of course. he announces when he maybe doesn't have to be involved in the debates. isn't that convenient. we'll see. joe biden i think, money issue though is absolutely correct. joe biden is having a money-raising problem. deval patrick won't be able to raise money. he had to cancel an event couple days ago, only two people were scheduled to show up.

he might register a lot of voters, mike bloomberg, but the issue remains enthusiasm. nobody is sitting at home, dammit, i wish mike bloomberg would run! nobody is dreaming at night, oh, mike, please. stuart: i think they are. i think they are. there is a wing, i'm sorry -- i know you were in full flight. >> maybe they have that dream. stuart: moderate democrats are in despair. they really want to beat donald trump. and they know that warren and sanders, they're not going to win. they're not electable. they know their guy, joe biden is fading and they know there is no other moderates on the scene. here comes the 52 billion-dollar man. they are saying bring him on. >> at the same time those same moderate democrats know what the president has done for the country. they know that they have more money in their wallet, their 401(k). they know who created peace and prosperity. not as though michael bloomberg

brings something so different that for some reason it will change something. i think president has another year to remind people about the difference that he made. those moderates are still not going to be wildly enthusiastic or they're going to vote for the president. that is what we saw before. and we could very well see this again. so keep in mind. we already see with the money. that which was, the democrats released a very weak, lackluster, to say the least financial report in the middle of the debate the other night. it indicated they're in deep trouble. that's an indication of enthusiasm and the lack of people showing found are any of the democrats is an indication of lack of enthusiasm. i don't think mike bloomberg will fill stadiums anytime soon. the president continues to have the presidency and his work to show the american people who is out for them. stuart: $52 billion, is still $52 billion. >> hillary showed us.

money is not the only answer. it is about the ideas behind the money and. stuart: i don't think he will win the presidential election. i think he will win the nomination. >> we'll see. he won't do iowa or new hampshire. he wants to see how biden will do. he is focusing on super tuesday strategy. the last person that did that was giuliani. we know that didn't work out. stuart: it was too late. always fun discussing this stuff on friday morning. >> how he does in the midst of a campaign. stuart: wouldn't it be fun, trump versus bloomberg in the presidential election. a couple of tussling billionaires. >> it will be fun to watch president trump win. stuart: see you soon. tesla, the video story of the day. tesla unveiled the new cyber truck yesterday, the electric pickup. basically what it was. it was showed to have shatterproof windows. the first one went down. threw a brick, metal ball, look

what happens. i think it goes awry. dearie me. that is not what you want demonstrating brand new, all powerful truck. levy tiller man is with us. you wrote the race for the great new car, didn't you. what do you make about the introduction of a electric pickup? >> i think it is fascinating. the person who threw the heavy metal ball at the truck was tesla's chief designer. one person should understand the tolerances of those windows it is him. stuart: why did they do that, twice? >> elon musk is consummate homan. i wonder if he was going all publicity is a good publicity. stuart: do you think it was put-up job? do you think they know it would shatter? >> i know they must have done intensive testing on windows before going on stage.

musk does a lot of events. he knows how to draw a crowd. one sure fire way talking about to people what you're doing on stage to have a big blooper. stuart: it worked. >> we're talking about it right now. stuart: everybody is talking about it. >> there are a lot of incredible specs on the trucks instead we're talking about windows. stuart: tesla has whole line of electric cars, are they the cars of the future. will tesla drive us to the future so to speak? >> i think absolutely are. a lot of electric trucks are coming to the market. putting out the radical design that looks more at home on the moon than the mountains of montana, tesla is once again differentiating itself. there is tesla. then there is everyone else. this is no compromises vehicle. according to elon musk by end of this year they will have self-driving capabilities. that is pretty compelling package. stuart: tesla has got it, the

rest are way behind. >> let me put it this way. tesla sells more than one out of every two electric cars in the united states today. when it comes to electric vehicles. they're the 800-pound gorilla both in technology but also in terms of market share. stuart: levy tiller man, that was good, thanks for joining us. come back anytime you like. >> thank you, sir. good to see you. stuart: president trump always talks about america's greatness but nationalism, that is kind of had a bad name, a bad reputation. later this hour we'll talk to the author of, "the case for nationalism." he will make his case later this hour. right here in new york city there is one block has not changed for what, 100 years? the diamond district across the street from where we are now. later in the hour you will see some of the diamond on the set. another american success story. i'm sure you have seen flashlights, heavy-duty, around for 40 years. the mag light, i have one. the ceo of mag light will join

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stuart: president trump talking about china trade earlier. take a listen what he had to say. roll it, please. >> very good. we have a deal potentially very close. he wants to make it much more than i want to make it. i'm not anxious to make it. we're taking in hundreds of billions of dollars of tariffs. we never took in 10 cents. we're not paying, they fed the line, the media fed the line about us paying. normally you would pay for tariffs -- stuart: you heard what he just said, mr. president. he wants to do a deal. i very rarely see that. we want -- >> i didn't like his word equality because we started off so low. we've lost $500 billion a year

for many, many years. we rebuilt china. i give him a lot of credit. stuart: that is what he had to say on "fox & friends," fox news channel earlier today. the president also had something to say, sounds like dynamite to me, lauren. lauren: he says that he is prevented hong kong being obliterated by china. he told president xi not to send soldiers into hong kong because he said it would affect the ongoing trade negotiations. stuart: good lord. deirdre: he said if he had not said that, hong kong would be obliterated in 14 minutes. stuart: i don't know how to take this. is this good news or bad news for china trade? i can't make that judgment. market says we're going up. deirdre: it has been a down week. we've had several days of selling. stuart: we're up 86 points for the dow industrials as we speak.

have you ever heard of this, the mag light? we celebrate success on the program. we are joined by the guy that has been making the mag light for since 1979. the man who made it, tony maglica. are you 89 years old. >> 89 years old. stuart: 60 years ago, when you first went into business. tell me your success story. >> i had $125. i was young man born in manhattan. at 22 months old my mom took me to europe because of depression in this country. we come back after world war ii. come back in 1951. and then, i went into business after three years after that, about four years. and had $125.

had a family. and started in a garage. had two jobs. and it is only in this country is it possible to do it. stuart: that is true, sir. >> no place else. stuart: the first mag light came out in 1979? >> yes, sir. stuart: how many have you sold since? have you got a number? >> millions. stuart: millions. can you tell? >> i don't know exactly but millions. stuart: is it made in america? >> made in america, 150,000 a day we were selling first, 10, 15 years. stuart: 150,000 a day? >> yes. stuart: first 10 or 15 years. >> roughly, yeah. stuart: let me ask you this, tony. this is my apple iphone. >> yeah. stuart: i click this, and i have got myself a flashlight. everybody has a flashlight these days. is it hurting your business? >> no. this thing, you didn't want to be without the phone. so if use it for 15, 20 minutes,

you can no longer use the telephone. our flashlight, we have a model that will go 450 days on one battery in the -- [inaudible] in the emergency there is no better light that is out there on the market. one set of batteries. stuart: you're a great guy. thanks for joining us sir. we love sharing your experience as a successful american business. >> thank you. stuart: the mag light guy. thank you, tony. appreciate it. see you soon. we keep saying this will be a big holiday season for disney. baby yoda went viral on internet. baby yoda, i keep getting it wrong. baby yoda is selling really big. we'll have more on disney owning christmas in just a minute. ♪

(people talking) for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th.

(people talking) for every dollar you spend at a small business, an average of 67 cents stays local.

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stuart: why do i keep saying disney will own this christmas season? a couple reasons why. first of all, the frozen 2 movie is out. the advanced bookings are gi-normous. secondly, "the mandalorian," that is another movie coming out, they're selling a lot of merchandise connected to the movie, baby yoda, cuddly toys. what am i missing here? one more? deirdre: t-shirts is part of "the mandalorian," part of disney property. this is about streaming, the war for streaming. disney stock up 34%

year-to-date. versus netflix, versus amazon. about these three competitors, apple tv plus. plus all the other streaming competitors coming online. if you want to make the best, that content is king, you have "frozen 2", that will be disney's sixth movie grossing a billion dollars this year, that is a pretty good bet on disney from the point of an investor. stuart: okay. lauren: go back to baby yoda for a second. stuart: if you must. lauren: comes from the mandalorian, it's a series only on disney plus streaming. this is an original piece of programing for disney. stuart: doesn't know that. lauren: they own the theater where you spend the money on big screen, spend $25 a ticket, an they're owning the small screen, what you stream. deirdre: what you buy, what you wear in future case. stuart: we don't know how many of these baby yoda things have sold, do we? we're told they're selling well. deirdre: they're selling

everywhere, amazon, target, macy's kohl's. to lauren's point, you're wearing it, watching it, watching stuff on the phone. lauren: first "frozen" merchandise sold 122 billion. stuart: how much. lauren: 122 billion. stuart: $15 an hour. minimum wage, spreading across the country. it is having pretty negative effect on employment in the restaurant business in new york. we're going to be joined by an economist who says it has a negative impact all across the country, $15 an hour. victoria secret, highly popular fashion show, canceled this year momentarily. we'll find out why. dow is up 100.

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♪. ♪ good day sunshine stuart: i see some of the youngsters on the set actually know this song. kristina you know the song. >> you always challenge me on this. then put me on the spot and i fail. stuart: we love it. good day, sunshine, not a bad song i would say. check out the big board. we were up 100 literally seconds ago. i don't know what will happen. we're still up quarter of 1%. price of oil, $58 a barrel. america announced new sanctions on iran. this time america will sanction iran's information minister.

don't think that made a difference in the price. luck ken coffee, keybanc raised the price. the stock is up to 28 as we speak. gerri willis at new york stock exchange. tell me about the retailers, particularly nordstrom today? >> mixed bag today. nordstrom beating earnings expectations. revenues in line. barclays raised price target on the stock. fact we were looking for. what is the first weekend at brand new spank inch new retail store. 85,000 people visited. they called that a strong response. i have to agree with that. shoe carnival is higher. now it is done. they raised sales, profit forecasts. reported a strong quarter the looks like investors are taking profits here. foot locker a difficult time. guiding lower on same-store sales. even though a beat on profit. there was a miss on revenues.

investors don't like this scenario. they are selling it off this morning. finally, the story of the day, pure story. small cloud storage developer, down 19% as you can see here. besides falling prices, slowing economy, for disappointing revenue growth. they are cutting revenue forecasts. that is really what the stock movement is all about. no fewer than four wall street banks are cutting price targets on the stock. the only bright spot i found here. they found a replacement cfo. that is what we're seeing out of pure storage today. back to you. stuart: you're seeing serious stock price movements down there. big percentage movers. that is a big deal. gerri, thank you very much indeed. >> you're welcome. stuart: i think the outrage story of the week was wework. their founder adam newman walking away with $1.7 billion, while literally thousands of workers get nothing. they're out on the street. however that big payout to

newell newman. lauren: soft bank is looking for a way out of the situation, what you noted 2400 job cuts. softbank is looking to raise money. they don't want to be on the hook for all of this. their rescue package for wework was 9.5 billion. stuart: he might not get the billion. lauren: he might or might not. stuart: i want to make a correction. lauren: we were talking about the disney licensing merchandising before, $122.7 billion, for all of the merchandise, not just the "frozen." stuart: it's a big number. we'll take it. thank you very much. colin kaepernick signature nike shoe launches in december. deirdre. kaepernick is making a lot of money for nike. deirdre: he certainly is. nike signed him more than a year ago.

nike's made $6 billion since that kaepernick ad. stuart: what do you mean made six billion? >> look at market cap. some of the revenue. judge by the 18% increase in the stock. getting back to the shoes. we don't know how many shoes will be released. nike sometimes keeps secrets to get the audience -- ginned up. they will release for holiday season. the jersey sold for 130. if that gives you indication. going in the secondary market for $300. july 4th, he signed on, put his signature on the betsy ross model shoe, that was pulled. at the time people said slavery was still very much in force. he took a lot of blowback. stuart: let's go to kroger. they're going back to basics. they are going back to groceries. they are selling everything and

now narrowing down. lauren: they are competing with amazon and others. they're dialing back. just selling food. investors like that. stuart: the stock never moved sharply higher when they were trying all the public stuff. lauren: it didn't. stuart: gotten rid of all the other stuff. lauren: it is expensive, when you're expanding like this it costs a lot of money. stuart: next story, victoria secret cutting the big fashion show. kristina partsinevelos will tell us why. >> supermodel bonanzas, color, attractive people, back in 2001, there were 12 million people tuned into the prime time slot to watch the victoria secret show. last year 3.3 million. really plummeted. why is that? goes back to the question. victoria secret is owned by l brands. they're falling out of touch. competition from reanna, even target has their own lingerie brand.

they had a loss of $252 million. unfortunately, for them, out of touch. they say there has been articles about objectifying women, only focusing on skinny white women with large chests. officer came under fire saying they should never have a transgender model. after that person was fired they had a transgender model. the company announced 53 stores closing this year. they laid off people. we're talking about a fashion show during prime-time tv. is it dead? is the fashion show dead? rihanna, do you remember the singer rihanna,. stuart: i do. >> thee has her own line. she had a huge fashion show in september, and amazon prime picked it up because it was success. it is not dead. they want to feature all women of all shapes and sizes. stuart: kristina, thank you very much. news on airbnb. chief operating officer belinda

johnson stepped down. normally we quote the stock. there is no stock to quote for airbnb. they're supposed to go public next year. minimum wage $15 an hour. that is spreading across the country. it had some negative effects here in new york. i want to know what impact all across the country. bring in mike saltzman's from employment policies institute. mike, when i say that $15 an hour has had some negative consequences in new york, i'm talking about the airports around here, laguardia and newark. there is no wait staff any longer. they earn too much money. order on the pad, little ipad thing. i call that a negative consequence. what about the rest of the country? >> the rest of the country has been seeing a similar impact. actually if you look at just this past week in sacramento, there was a popular greek restaurant there, the owner made news when he said, hey, my prices are up 53%. he didn't have the money to go to ipads. he said i have to close down at the end of the year.

my employees will be out of work right before christmas. seven more states in localities heading up to 15. employers are going automation route. if they can't do that, i either have to look for a different staffing model. i have to close down find another business because the economics of the industry just don't work when you're expecting people to pay 15 or 20 bucks for a hamburger. stuart: is there any jurisdiction, is there any area which is having second thoughts which sees the results of $15 an hour, saying hold on a second, maybe we better pull back? >> as a matter of fact, there is a small city in california called emoryville, the very left-of-center city council funded a report found that it was destroying small businesses in the community. they advanced legislation that would have paused future increases until labor unions made a stink about it. then they pulled back. but i think the fact even in a place like that you could discuss stopping the increases, i think that is pretty remarkable. in new jersey recently, they

advanced legislation would have allowed the state to pause increases if it found it would have a negative effect on the economy. maybe democrats found out wasn't everything we thought it was cracked up to be. stuart: even democrats. thank you very much, mike. thanks for joining us. see you real soon. >> thanks. stuart: nationalism has a bad reputation. we'll talk to the guy who wrote a book on why nationalism may actually be a good thing and how it unites people. that is coming up in a moment. joshua wong, pro-democracy activist in hong kong. he was banned from leaving hong kong to travel to britain to receive a human rights award. we're on that story. we'll follow it next. does your broker offer more than just free trades? fidelity has zero commissions

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stuart: i'll call it a modest gain right now. 50 points up for the dow industrials. 27,820. a few moments ago weeing talked about the news of airbnb chief operating officer belinda johnson stepped down. do we know why? lauren: still on the board of directors. this seems amicable. the ceo said look, she was the first executive i hired back in 2011. in her statement she essentially says i want to spend more time with nye family as we're trying to grow airbnb, eventually ipo it, direct list it, we talk a lot about balancing work lives and personal lives for me. being coo, best job i have ever had. stuart: as you run up to a huge ipo next year you can understand the stress and strain. someone like that would want to spend more time with the family. i got it. lauren: still on the board of directors. stuart: very important. ashley -- thank you, lauren.

the new book out called the case for nationalism. president trump is big fan of this book. rich lowery wrote it. he is on the show. what was the title again. >> case for nationalling aism. how it made us power you'll united and free, nationalling aism has a -- nationalism has a bad rap. how are you trying to rehabilitate it. >> brexit, on going in britain because the brittish want to govern themselves. that is the basic idea. nationalism, you want to define it. it is distinct people united by common history, common culture, common language usually governing a distinct territory. that's it. stuart: did you think that in the post-second world war period we got too far away from it, because of the national socialists, the nazis, that gave a terrible name to the idea that your country is great and wonderful? >> so the name was tarred i

think unfair association or lazy association with the nazis. we don't say bernie sanders shouldn't call himself a socialist anymore because they're national socialists. but in the post-world war ii era, largely because of the united states, we had a, a international order based around sacrosanct nation states that should positive earn themselves and their borders shouldn't be violated. the rise of that coincided with international peace. stuart: would you be in favor of britain leaving the european union. >> absolutely. from the very beginning this is a core nationalist question. should britain be governed by westminster or governed by brussels? throughout the centuries it should be proven governed by westminster. it always has had, it always should. that is the key question, whether the countries in europe are subsumed in a national tenttry has a serious democracy deficit or countries with their

own count culture should govern themselves. stuart: you have no problem with a degree of national i'll in the united states? >> it is part of our evolution. we're a nation, governorrer ourselves, leave a empire, pretty good empire, british empire, we'll not be part of it. it runs through hamilton and lincoln and fdr and reagan as well. the idea this is something nasty, something people should be frightened of. it is completely wrong. stuart: the case for nationalism, have i got it right? >> you do. stuart: great to see you again, rich. see you soon. we've been covering it all morning, you can see it on your screen. tesla unveiled its new cyber truck, the pickup truck basically. the glass shattered. it wasn't supposed to. a live report from jeff flock on that coming up in our next hour. music executive scooter braun says his family is getting death threats and it is because of taylor swift. we'll fill you in on that story too. next have you ever seen

lab-grown diamonds? next, we have them on the set. a guest who says lab-grown diamonds are very hard to price. you got that right. what a show we've got for you. ♪. 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. (shaq) (chime) magenta? i hate cartridges! not magenta! not magenta.

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♪ these rocks don't lose their pair shape, diamonds are a girl's best friend ♪ stuart: is that true. deirdre: need a top hat and a cane with this song. lauren: women buy their own diamonds these days. just so you know. stuart: between fifth and sixth avenue in new york city, a block away from here, it is a block not changed in 100 years, the diamond district across the street here. 95% of all diamond in america come through that very small block, handled by what, 2,000 small businesses crammed together in one city block. it's a unique place. i want to bring in one of those businesses, joseph shovak from ionelli diamonds.

>> how are you, stuart? stuart: i'm remarkably well. i want you to show me some lab grown diamonds. i will not say fake diamonds but show me lab grown. >> this is one is hard to spot because pretty much the same thing as far as structurally but it's a made in a lab, man-made. supposed to be made in the earth. stuart: this changes the whole diamond business, doesn't it? >> not for me. i think getting something natural from the earth has more significance. stuart: yeah. >> to me it does. stuart: let's talk price for a second. >> sure. stuart: if you can make those things, can i hold them? >> you go for it. stuart: if you can make these beautiful things in a lab, you don't have all the costs of digging underground in a foreign country to try to get at it, do you? >> this is more recent development. they were very expensive to make for many, many years. now it is becoming more and more popular for it to be made in these situations. but, look, let's just face it. we are natural creatures. we have natural diamond comes

from the earth, created by god. if you have a significant moment like this, i think natural diamonds have their place. stuart: wait a second. i'm not sure, is this a one carat, half carat? >> you're pretty good. that is one carat each. stuart: one carat each. the price for one carat each be lower? >> absolutely acree. this might make a perfect set this is four grand. if you get natural equivalence, either-made, they are about 8 grand. stuart: you're on. >> absolutely. stuart: you rout with you a pink diamond? >> this is very interesting. that is blue dimon and pink diamond. stuart: that is a blue dimon and a pink diamond. >> they are 8-carats each. if they were made in the earth you would be holding millions of dollars in your hand. stuart: who put the color?

>> natural diamonds, irradiated and heat the like gemstones, rubies are pressure heat treated. they did the same thing with this. you can get these $60,000 each. stuart: $60,000 each? you put the collar in. >> it is baked in there, so to speak. stuart: would anybody know? >> very difficult to see. but the paper, the identification paper tells you everything you would want to know about it. certainly doesn't hold the value after natural pink stone. the argyle mines are coming out with the best stuff, rare, see them at christie's auction houses. not this but the real deal. stuart: you do business across the street. >> we're a local small business. i appreciate it. stuart: are there really 2,000 small businesses crammed into that block? >> absolutely. there is more, actually. there is the retail side and there is the wholesalers. it's a strange business in that all these deals are done with a handshake. i might have a guy, a bench jeweler, a craftsman from

argentina working 30 years. we give him a stone $100,000. i don't make him write any paperwork, stuart. i give it to him. he is my friend. i trust him. he finishes the work. get it back. give it to my customer. stuart: can you refer to the diamond heist? >> i was told this might come up. but, happened on a sunday. this happened on a sunday. it was really low security on the block. we're closed on sunday fortunately. but, we don't know what the police investigation is. stuart: getting look at it. those guys came in walked away. did they have a court, i don't remember? >> they have video on all the guys. they are in the process of catching one, i think last one they haven't caught. stuart: you have to have the best security. >> we do. cops are really well-trained. there is plain clothes as well. plus we happened to be the jeweler of many pies in midtown north. we have all these guys.

all the guys around here at ionelli. stuart: joseph, you're at ionelli diamond. >> thank you. stuart: you're terrific. >> thank you. i'm a big fan of the show. this is an honor. >> you watch the show. >> i do. connell: now he tells us. he would have had extra ten minutes. joseph, good stuff. >> appreciate it. stuart: next case, britain's jeremy corbyn unveiled his election plan. they call it manifesto. it is election plan. very, very similar to election plans of bernie sanders and elizabeth warren. in my opinion, the socialists are teaming up across the atlantic. new special relationship. my take on that in a moment. big vaping meeting at the white house today. looks like the president will not go through with his vaping ban. next hour, we will get a guy who will be at that meeting. also next hour, mcdonald's employees in chicago, suing the company, saying they're being put at risk by the city's violence. next hour, i will ask a

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one call can save you $2000 every year. to start saving on your next mortgage payment go to stuart: the anglo-american special relationship is back. only this time, it's a special relationship of socialists. it is amazing to me how similar britain's jeremy corbyn is to bernie sanders and elizabeth warren. they are in lockstep. this is not the kind of special relationship i would prefer, but i'm happy to say on both sides of the atlantic, the socialists will lose. mark that down, friday, november 22nd on tape. corbyn, sanders, warren will lose. i said it. this is what they're all about. anger at the rich, jealousy of wealth. those are the baselines of

anglo-american socialism. corbyn, reverse business tax cuts, raise taxes on high income people, raise the estate tax, new tax on oil companies and he takes a special aim at billionaires. that is almost exactly the same as the warren/sanders tax plans, right down to the hit on freeloading billionaires. how about climate policy? hardly any difference. the green new deal here is a lot like what they call the green transformation over there. drastic cuts in emissions in a very, very short time. everyone switch to electric cars. tax the fossil fuel industry to death and spend, spend, spend on anything green. corbyn, warren and sanders all see dire climate predictions as a socialist opportunity and giveaways, okay, free broadband for everybody over there, free college over here. of course, the brits already have free health care. warren and sanders want the same

free health care here. good luck. here's another similarity. neither brits nor americans want the radical transformation that the socialists demand. massive tax hikes and a forced green revolution do not bring prosperity. they bring recession. perhaps depression and certainly national decline, and voters know it. the special socialist relationship will disappear when the votes are counted and that is a wonderful thing. the third hour of "varney & company" continues. stuart: well, does brian bremburg agree with me? he's from the kings college here in manhattan, knows a thing or two about economics and politics. don't you? >> i try to. that's what i do every day. stuart: corbyn, warren, sanders. extreme socialists will all lose. what do you say? >> real socialists, number one.

i agree with you for this reason. people don't like to be treated like they can't think. the socialist agenda runs on this idea that we are going to reinvent the world and pay for it with this little sliver of people called billionaires and don't worry, it's all going to work out. that's the message they're hearing from the left and when they get a number like $52 trillion, they say you know what, i can think. that's not going to work and i'm tired of being treated like i'm a sheep and you're the shepherd and i need you to guide me around. that's the reason why this doesn't work. stuart: another theme on the program today is the strength of the consumer, as we head towards the holiday selling and buying season. i'm going to put up nordstrom on the screen for a moment. they came out with a rosy forecast about their sales going into the holidays and the stock is up 8%. is the consumer as strong as i think the consumer is? >> the consumer is strong and the consumer numbers, the spending numbers are the poll that matters in this country. if you want to know how people are feeling, how optimistic they are, look at where they're

shopping, how much they're shopping. these numbers are good, it's keeping the economy going and it's the kind of number that will matter, especially if we get something like the usmca passed. if we can get something like that done, think about the acceleration on the back of these consumer numbers. it would be bigger than anybody's talking about right now. stuart: in the early part of next year, we could get another leg up for the strength of the consumer because of, what, usmca might get passed? >> think about the thing that's holding back the economy right now is the uncertainty around some of these big trade deals and i think usmca is actually a bigger deal than the china negotiation, because i think more people think it should be done already. imagine what the strong consumer and businesses that can start reinvesting in those cross-border relationships again, this economy could grow much, much faster than people are talking about. which is why democrats won't do anything. they know the momentum at the president's back in 2020 could be enormous if they actually pass this bill, and so they don't. stuart: that's very important stuff. hold on a second.

i want to talk about facebook. where are you? are you there? yes, you're there. all right. all right. facebook is looking to curb political ads. you have to explain what's going on. deirdre: yesterday we talked about google, everybody looking at facebook saying how come you can't do better. google yesterday saying essentially they are going to follow the same rules that we follow as a tv, radio, print organization. so facebook according to our sources is now considering making similar changes. now, they haven't done it yet so there's no actual headline to bring you on this. but we know facebook has said even if you are a political campaign, even if you put something on our platform that's a lie, we will not sanction you because we are for free speech. that's one extreme. twitter is the other, saying we're not doing political ads at all. google took the middle road yesterday but has put this spotlight on facebook saying okay, well, google is being more responsible than you are, what are you going to do about it.

now facebook is dealing with the fallout. stuart: interesting. i want to turn back to brian. you are a college guy. i thought that college students basically get their political news from facebook, don't they? so now there's going to be some restriction? >> they get it from facebook, from google, from twitter. the point is more and more of these companies want to treat students, want to treat citizens like they are infants, like they can't evaluate an argument, think critically and make decisions. this is such a bad move for these companies. i was heartened that facebook for just a moment looked like they were going to stand up for free speech. now they are getting the pre pressure to move in this direction where they will coddle the american mind. that's become such a phrase in this country. yet we are seeing it out of our leading media, leading communications firms. stuart: i knew i liked you. thanks for being here, as always. good stuff. thank you. this is the outrage story of the week. we are talking about adam neumann, left-hand side of your screen. founder of wework. wework falls to pieces, he

leaves with $1.7 billion. workers put on the street with nothing. that is outrageous. however, hold on a second, could be that he might not get that payout, $1.7 billion is being questioned. deirdre: there may be a hole in his golden parachute, put it that way. wework is an 80% owner and investor and they are saying behind the scenes we regret giving this guy this payout while we have already fired 20% of the staff. i have heard from personal sources it could go as high as 30% to 35% of the staff. so real people are being affected and this guy who essentially let's just say he failed up and still is pretty comfortable. however, as usual, there are legalities. softbank is trying to see if they can renegotiate some of the terms of the rescue package which would then affect neumann's package. however, they have been advised he could counter-sue. tbd. stuart: for sure. deirdre: they are trying to, as they say, right a wrong. they said they were too generous and they regret it.

stuart: okay. good way to put it. thanks very much. check uber, please. the co-founder of the company dumped almost $1.5 billion worth of his stock. but the stock has moved up since then. now uber is back to $29 a share. apple, they are selling a load of arirpods. shipments will likely hit 60 million this calendar year. the stock down just a fraction at $261. 60 million airpods, big number. michael bloomberg just filed paperwork with the federal election commission but when will he actually make it official? we will tell you what that's all about in a moment. of course, we are watching capitol hill. impeachment hearings are done for now. but what do they mean for the trump campaign? tim murtaugh says impeachment is

great business for the campaign. he will give us numbers on how much money has been brought in. president trump meeting with top health officials on vaping later this afternoon at the white house. we have the president of the vaping association on the show. what does he want to hear from the president? we will ask. third hour of "varney & company" moving on. ♪

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stuart: michael bloomberg has filed with the federal election commission. what does that -- does that mean he's definitely running? deirdre: no, it does not. it just means he is laying the administrative groundwork, the paperwork, much as we saw him meet deadline filings to be on the ballot in alabama, arkansas, tennessee. listen, there's just a lot of paperwork. this is all very exciting. we still have to do some administrative things and so michael bloomberg is basically

inching one step closer to launching a campaign. that's what you can interpret. it's not definite. stuart: if he says yes, i'm running, then it's much easier for him -- deirdre: all the paperwork is done. stuart: the paperwork is done. so he's making a clear pointer towards running. that's what i'm trying to get at. deirdre: i think that's fair. stuart: as i said earlier, if he runs i think he will win the democrat nomination. i said that on november 22nd. deirdre: all right. it's a question, right, whether -- with new yorkers he's mostly popular. he did a great job as mayor. the question is does that export to other parts of the country. stuart: that's can he win the democrat nomination. deirdre: you have former governor deval patrick. you have a lot of 11th hour people who might come in. stuart: nobody else has got $52 billion. thanks, deirdre. the trump campaign raising some serious money on the back of impeachment. i want to bring in tim murtaugh, trump 2020 guy, communications director, actually.

all right, tim. can you just tell me how much money you brought in on the back of impeachment? >> well, a lot. i can't put an exact dollar amount on it but let me give you some idea of how this goes. every time the democrats and the media go in a frenzy like they are currently doing, like we saw all this past week, our campaign kicks into high gear. we interact more with voters and the president's supporters. we raise more money. our data gets stronger and the president's campaign gets bigger and better. stuart: wait a second. i was given some specific numbers. i was told that since speaker pelosi launched impeachment you brought in $15 million and on monday alone, i think you brought in $3 million. can you give me some real numbers? >> sure. i was going to get to that. i'm sorry that took too long there. on a regular day, on a typical day we raise online, online only, about half a million dollars. on monday of this week, at the beginning -- rather, tuesday of this week, beginning of the

impeachment hearings of this week, we raised $3.1 million in 24 hours, about six times what we normally raise on a given day. on the day, the 72 hours following the day nancy pelosi announced she was going to be moving forward in the three days that followed that announcement, we raised $15 million or about $5 million a day for three consecutive days. to give you an idea of a comparison, $15 million is how much joe biden raised in the entire third quarter of the year. we did that in three days. so every time the democrats do this and the media jumps on board, they think they are trying to bury the trump campaign and it is actually having exactly the opposite effect. stuart: can't you make some money out of usmca? i ask that question because speaker pelosi won't allow a vote until next year. i think that damages the country. that's not good for america. can't you fund raise on that? >> it is part of our messaging for sure. i think you see that reflected in a lot of the things we talk about. the fact is that nancy pelosi has the perception that passing

the usmca would be a political victory for the president and she just won't permit that. so she's playing politics with an idea and this trade deal with canada and mexico that would actually vastly improve the economy, it would help the prospects of our farmers, it would help manufacturing and it would help american workers. and she's putting that on hold and holding it hostage because she can't bear to give the president a political victory? this is terrible. it's good for the country to pass this trade deal and nancy pelosi should bring it up for a vote because we know it has the votes to pass. she won't let it come to the floor because she knows it will pass. how does that sound? she's speaker of the house. it's unconscionable. stuart: okay. make some money on it. 2020 communications director. thanks for joining us, tim, always appreciate it. thank you. now, microsoft. yes, i own a thin sliver. the stock this morning is down 30 cents. they are now allowed to sell software to china's tech giant huawei. the stock is just down a tiny

fraction. $149, microsoft. amazon, black friday, one week from today, but their big sales, black friday sales, i guess they call them that, they are starting today. the stock is virtually unchanged, down 19 cents at $1,734 a share. canopy growth have been doing very well recently on news that a house committee approved a federal bill that would legalize marijuana federally, nationally, that is. it's taking it -- it's down -- taking it on the chin today, down 9%. constellation brands says they will not pour more money into that operation. down 9%. now this. taylor swift in a legal battle over her master recordings with manager scooter braun. braun says he's receiving death threats over it, directed at his wife and kids. we will tell you all about it. first, though, check tesla. their chief elon musk rolled out the new cyber truck yesterday,

all electric suv or pickup truck, actually. it didn't go quite as musk had hoped. here's what the truck looked like as it was brought onstage. and here's what it looked like when it was rolled off. i think we got those reversed. we will show you exactly what happened. that is a promise. after this. ♪ 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.

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only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ well, maybe that was a little too hard. stuart: you could say that was the smash heard round the world, last night's unveiling of elon musk's, it's called the cyber truck, an electric pickup truck. gary gastelu is here, fox automotive guy. you told me yesterday that that event was the biggest business story of the day. you were right, for all the wrong reasons. >> definitely for that wrong reason. listen, if the folks in detroit stayed up late to watch it last night, i don't think they lost any sleep this morning. this is very niche vehicle, much more so than i think a lot of

people expected. it definitely does not threaten their core pickup truck business. there may be a lifestyle appeal to this but as far as regular pickup buyers are concerned, i don't think detroit's worried too much. not just because of the styling. tesla also last night didn't reveal any new next generation technology. it was basically what we already expected. we were thinking that might be a battery breakthrough or something like that to be announced. that did not happen last night. stuart: it was just a futuristic look. that's what blows you away. it is a futuristic looking vehicle, for sure. >> it is but here's a couple things about that. people think it's futuristic but kind of unfinished. i have seen people describe it as an old video game, a movie prop, something that a kid would have designed on a computer. it just doesn't really seem to be polished. beyond that, musk last night took a lot of event to burn regular pickup trucks, saying they haven't changed in 100 years. well, sharks haven't changed in millions of years. there's a reason for that. you put a [ inaudible ] you

can't throw things into the bed. as far as the stainless steel body work, that's heavier than -- that's why cars are not armored. they are heavier if you put armored steel on them. stuart: i own a ford f-150 truck. i work on my farm with the thing. i load up logs in the back, tree trunks, all kinds of stuff like that. i'm not going to go and buy an electric truck like that. it just doesn't seem right for what i use trucks for. >> yeah, you know, they could have easily showed up with this and then something that is a little more conventional geared more towards a commercial buyer. the tesla semi, for instance, looks futuristic but not bizarre. this has a lot of cool features. the price is incredible if they can hit that price point, with the performance they are promising with this. we will see if they can pull that off. and to build that in the united states would be pretty astonishing with everything they will be delivering with this in two years. stuart: i'm squinting at the bottom of the screen. the stock is down 20 bucks, back to $333. that's 5.8%, big drop.

gary, thank you very much indeed. appreciate it. now, next case. president trump dialed into "fox & friends" on the fox news channel this morning. long-time listener, first-time caller, gave us some good news about china trade and hong kong. we will play you what he said in a moment. and it's given the markets -- well, for awhile he got a modest boost out of it. right now we've got a very modest gain. 30 points up for the dow industrials. more "varney" next. ♪ imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead

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stuart: the president called in to "fox & friends" on the fox news channel earlier today. he gave some news, some opinion on china trade. here's what he had to say. roll tape, please. >> very good. we have a deal potentially very close. he wants to make it much more than i want to make it. i'm not anxious to make it. we're taking in hundreds of billions of dollars in tariffs. we never took in ten cents. we are not paying like you know they fed line, you know, the media fed the line about us paying. no. normally you would pay for tariffs. >> you just said, mr. president,

we want to do a deal. i very rarely see that. we want to work out a phase one agreement. >> i didn't like his word equality because we started off so low. we've lost $500 billion a year for many, many years. we've rebuilt china. i give them a lot of credit. stuart: he went on from there. he also had a lot to say about hong kong. he brought it up. what did he say? deirdre: very powerful language. if it weren't for me, i'm quoting the president here, thousands would have been killed in hong kong. you'd have to stay a police state. the only reason he's not going in, this is obviously a reference towards xi, is that i told him it would affect the trade deal. we have to stand with hong kong, we have to stand with xi. i would like to see them work it out. but he said if it weren't for me, thousands would have been killed already. stuart: tell me the news on joshua wong, the pro-democracy activist there. deirdre: he was banned by a hong kong court from traveling to london to receive an award and it was actually a human rights

award that british parliament wanted to present mr. wong with. he was blocked from even getting on the plane to go to the uk to receive the award. stuart: outrageous. all right. thank you very much. switching gears completely. disney set for a really big win, another big win this weekend. "frozen 2" comes out. let's not forget baby yoda merchandise is now being sold, i'm told it's selling very well. "frozen 2" $100 million? deirdre: it is meant to be the sixth film that disney makes $1 billion on. you are talking about -- stuart: just this year. deirdre: exactly. you are talking about $100 million opening weekend which is expected to be released ahead of the thanksgiving holiday. but your point as well about all the merchandise, baby yoda coming from the disney plus streaming platform for all the "star wars" fans out there. they released a special film which tells a lot of the back story of people's favorite characters, yoda included. you can see these tee shirts which are selling on amazon for

about $22, $25. but tons of merchandise. our colleague lauren was here earlier, saying listen, disney is a merchandise selling powerhouse. they have what you're wearing, what you go see in a movie, what you're watching on your phone. it's everywhere which is really important, as they launch this disney plus streaming which they did earlier this month. listen, they are up against an incumbent, netflix. they are up against amazon prime video. they are up against apple tv plus. then all of the networks that are also launching their own streaming services. it's on. media wars, it's on. stuart: the streaming wars are on. should i buy disney? is disney the winner in the streaming wars? who better to bring in than john layfield. john, i know you like disney. is disney the streaming wars winner? >> absolutely. i think they're the best content creator in the world. look at what they've done. what deirdre is saying, it's not like netflix developed "house of cards" and you only see the accretion in earnings that comes from subscription increases.

when disney does this, they have created billion dollar franchises, black panther, baby yoda, the avengers, all the different characters that have been brought out by stan lee. they are creating new characters but they create this as far as their theme parks and also with the merchandise, they are creating these billion dollar franchises and no one does it better than disney. stuart: you know, i don't think you can see it but on the screen, we've got the fact that you recommended disney, you said buy it back in october 30th of this year. that's a few weeks ago. since then, it's gone up 14%. 13.97%. i'm surprised you didn't sort of pat yourself on the back and take a victory lap because you were right. >> yeah. being from texas and a former professional wrestler, those things don't lend themselves to humility in any circumstances. it is surprising. stuart: you going to buy some more, sell what you got? what are you going to do? >> i'm not selling. i have had it since about the

'90s so i had a 50% gain. it's become one of the biggest stocks in my portfolio because of that gain and appreciation. i'm not selling here, though. what disney did with espn plus, they have a way of being able to market due to attraction. they took part of the ufc, as far as the marketing for ufc and delivering those products to espn plus, lavent year when they had the pay per view at barclays, 58,000 subscribers in two days just to see that pay per view. they do streaming better than anybody else in the world right now and the best content creator so no, i'm not selling disney. i also like the fact it's a non-fragile asset that no matter what happens with this trade war with president trump and president xi, disney should be okay. stuart: about 30 seconds left. give me a stock that you like now. go on tape with a recommendation now. what do you like? >> with a recommendation? i like chevron. i like chevron. oil prices have been depressed. it's got a great yield right now.

they are playing the permian basin. they own a lot of land because of legacy issues so because of that, and weakness which is happening right now, they will be able to buy a lot more land and do much better with the permian. stuart: do you own chevron now? >> i do. i have owned it for some time. stuart: okay. you think it's going to go straight up or nicely up? >> i hope it goes straight up. i think it's going up from here. stuart: you said it. chevron. november 22nd, 2019. watch out. that videotape is something else. thanks, john layfield. we always like having you on. welcome back. thanks. victoria's secret. cutting the big fashion show. why? deirdre: well, they are just not getting the viewership that they had gotten in years past and the brand is suffering. there's new brands for women's underpinnings in the market that appeal a little more to millenials. rihanna has her own line, target has a very successful line. it's been a big winner for them. there are some other lines that are just available through internet, you order via

instagram. all this is kind of eating into the brand. a lot of people say victoria's secret has become sort of tone-deaf, if you like as far as design. stuart: they used to stream it live. millions of people watched it. deirdre: it was incredibly popular and that worked for a time when many people say they were only catering to a very small audience. as far as who actually bought their stuff. yes, the live version of the event was always a success. listen, it's a million super models who all look amazing so most people don't have a problem with that as a programming choice. but as the brand has deteriorated, listen, everybody is pickier. we are all binge-watching other things. whatever you're watching, that doesn't have the same appeal apparently anymore. stuart: apparently. deirdre: the cost isn't worth it for the company. stuart: thank you. now, the music executive scooter braun, he says his family is getting death threats because of taylor swift, the imbroglio over the music rights, whathave you. deirdre: this has been a war. there's no other way to say it.

he sis fays for the past six mo he's been reaching out to her trying to resolve their differences. long story short, he owns the record label, big machine, that has her first six albums. she put out that list, we talked about it, last week saying i can't even play my own songs because these guys are blocking. then he said we're not blocking you. it's just been a war. now he's saying please find a resolution, my wife is getting calls, my children's safety is threatened, you don't really realize your celebrity star power name that is encouraging your fans to seek revenge or at least frighten myself. he sort of says i don't care so much about myself, but now my wife and children are involved and now i care so please, can we work this out. stuart: got it. i hear the story. thank you. check walmart. this is interesting. they are making a bet on china, big bet. they are going to open 500 new stores in china in the next five to seven years. 500 new walmarts in china.

that's a bet on the future progress in the u.s./china economic relationship. nike, they will release the colin kaepernick signature shoe next month. they are expecting lots of sales. the stock has done very well since they signed kaepernick. doing well today. $92 a share. later this afternoon, president trump will have a meeting on vaping. it's going to be at the white house. coming up, the vaping association president. he will be at that meeting. what does he want to hear from our president today? we will ask him. he's on the show. first, though, we've got ed renzi. he's normally our fast food guy but he's fired up about the far left's push for a billionaire's tax. he says politicians like that aren't builders like he is. they're just users. we will let him sound off. ♪ (chime)

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sorry! he's a baby! we also have to stand up for the working families of this country. we also have to stand up to the fact that our political system is corrupt, dominated by a handful of billionaires, and that our economy is rigged with three people owning more wealth than the bottom half of america. we can do it all when we rally the american people in the cause of justice. >> the top one-tenth of 1%, i say pay two cents more, they will pay 3.2% in america. i'm tired of freeloading billionaires. i think it's time that we ask those at the very top to pay more so that every single one of our children gets -- stuart: okay. sanders, warren, going right after the billionaires again. our next guest says politicians, it's the politicians who are

users and not builders. come in, ed rensi, fat brands chairman. i don't understand what you mean by users. politicians are users. what's that mean? >> you look at bernie sanders, he's never had a job in his life, he's never created a job. he's had his hands out collecting from tax payers, he's collecting income from plumbers, electricians, carpenters, coal miners and he acts like some kind of saint or god on economics. he is a user. he's not a builder. stuart: you used to run mcdonald's. you were the ceo of mcdonald's. what do you make of the mcdonald's employees in chicago suing mcdonald's on the grounds that they are being put at risk because of violence in the workplace, violence in the area surrounding those mcdonald's stores? how do you run a fast food operation in a high crime area when you are going to be sued by your own employees? >> well, the reality of it is this is ed's opinion, i think this is all about trying to

unionize mcdonald's restaurants. they have been after mcdonald's and other fast food restaurants for the last 20 years, trying to collect dues from these folks that are getting entry level jobs. the violence in chicago is staggering. there were more people killed every weekend in chicago than there were in the three mass murders we had in texas and dayton, ohio. it doesn't get any publicity because they got a democratic mayor, a democratic council, democratic governor, and they ignore the problem continually. those mcdonald's restaurants in those communities are the only place where people can get a decent meal, have a job and earn a decent wage to move forward, to grow, to learn. there have been so many millionaires created by mcdonald's franchises. giving one very close personal example. richard acosta in texas started

mcdonald's 45 years ago, has $100 million in sales. he hired a 16-year-old kid out of the neighborhood. that 16-year-old kid today is a doctor and cardiologist. that's how you build, that's how you grow. you take young people in the inner city of chicago in violent crime areas and give them a pathway out of those ghettos. the politicians sure aren't doing it. so don't criticize mcdonald's and its franchisees for trying to do the right thing. the politicians need to solve that problem, not mcdonald's corporation or its franchisees. stuart: all right. still on mcdonald's, mcdonald's and burger king are considering, i can't believe this, they are considering getting rid of those plastic toys in happy meals. they want to cut back on plastic waste. what do you think of this? >> well, mcdonald's happy meals and burger king and everybody else in that quick service restaurant industry have been

giving young people happy meal toys, mcdonald's started it and they all jumped on the band wagon but they're not always plastic. i don't get that. for years, we handed out little fruit bags of apples in them and things like that. we have done beanie babies which were certainly not plastic. but there's a reality to this. there's a bias against plastic today and if they can find alternatives and give customers choices, that's the thing that i appreciate the most. we're in business to satisfy our customers. stuart: is it a good p.r. move for mcdonald's to jump on the band wagon of let's get rid of plastic? >> why not? it isn't going to hurt anything and if they can find alternatives that have a lower impact on the environment, i think they ought to do it. i think it's brilliant. stuart: okay. i will put you on television the way you were some time ago. can we roll that tape, please? because this is a video of you, there you are, you are serving mcdonald's 50 billionth burger.

you served it to richard mcdonald, the original mcdonald. this is on this day back in 1984. there you are. do you remember it? >> i do. in fact, i had a little bit more hair then than i do today. little bit more. it was interesting. dick mcdonald didn't like cheese and he didn't tell me that until we were actually walking down the stage at the waldorf. he said i don't like cheese, i can't eat that. i said dick, you better eat this sandwich with a smile or there's going to be consequences. stuart: when i first came to america, this is like early 1973, when i first came here, january '73, i remember outside of mcdonald's restaurant, you would always have this big sign, ten million or 100 million or a billion, whatever it was, there was a big sign, how many hamburgers you had sold since mcdonald's started. if it was 50 billion in 1984, what on earth is it now? they have taken the sign down.

>> i'm sorry, i can't count that high. if we took it off the sign, it was because we couldn't afford to keep changing the numbers. it was $350 in 1984 every time we changed that sign. it was just too much. stuart: i remember when i did first come here, mcdonald's introduced breakfast. i think it was 1973. and i went into a mcdonald's for the first breakfast and people thought i was crazy. mcdonald's, breakfast? you eat breakfast at mcdonald's? but it was a wild success, wasn't it? >> it absolutely was. a franchisee in santa barbara, california came up with the idea and ray fell in love with it. originally ray wanted to sell an open face with strawberry jam on one side and canadian bacon and egg on the other side. it was really grown dramatically. it's now i'm told somewhere around 30% of the total business every day. now it's being sold around the clock. so it's been a great success. stuart: you are a great

american. it's good to have you on the show. ed rensi, mcdonald's guy in the past. thanks for joining us. see you soon. thank you. >> take care. stuart: look at the white house. couple of hours from now, the president holds a meeting on vaping in that white house. we have a man who will be in the room. i want to know what he thinks of the american medical association's solution, which is make vaping prescription only. that's a radical solution. keep it here, please. ♪ 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.

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stuart: couple of hours from now, the president holds a meeting in the white house. it's to discuss vaping. looks like he's not going to go through with what some were saying would be a vaping ban. let's bring in greg conley, vaping association president, who will be at the meeting. first of all, what are you going to tell the president? >> first off, thanks for having us. our message to the president is going to be simple. you have michael bloomberg out there funding a $160 million campaign to try to ban the sale of virtually every single vaping product on the market. if michael bloomberg and various

health groups, health activists that he's funding are supporting a ban that's going to shut down over 10,000 small businesses, maybe it's something that needs to be re-thought. we need sensible regulation, not just prohibition. stuart: there has been a suggestion from the medical -- american medical association that you can only get a vaping device on prescription. that, they say, would keep them out of the hands of kids and would stop anybody getting addicted to nicotine simply because they are getting off smoking. what do you say to the prescription idea? >> well, the american medical association's presentation of that idea, that policy idea, was incredibly dishonest. their sole reason seemingly for proposing this were the illnesses and deaths, lung illnesses and deaths the cdc is now saying are linked not to store-bought nicotine vaping products but to illicit contaminated thc cartridges, marijuana oils. so what you have the ama doing, they are not talking about the fact that in order to go through

a new drug process, it's about three years before you hit the first human clinical trial. so what are the four to five million adult ex-smokers who vape and rely on these products supposed to do for five plus years? the answer, they are going to turn to black market chinese products or they are going to return to smoking combustible cigarettes which even the fda says would be a terrible result of regulation. stuart: i've got to say i'm a little surprised at the reaction in america, because there is not exactly a war on vaping, but it's very much in the news and heavy duty restrictions are being proposed. it's in such stark contrast to britain, where everybody vapes and the government encourages vaping as the best way of getting off smoking tobacco. how do you explain this complete difference? >> it's truly amazing. i was just in liverpool and manchester this weekend and to see people vaping and proud of the fact they have quit smoking in contrast to the u.s., where you have people who have quit smoking, who are now being scared into returning to

cigarettes. unfortunately, it's about money and ideology. when you have american public health groups, some of the ones represented today, at today's meeting, receiving $160 million from michael bloomberg not to study e-cigarettes, not to take this money and you as public health activists, you do what you feel is right. bloomberg gave the money specifically to ban vaping products. so when you have $160 million and you have people that are just idealogically opposed to anything that looks like smoking, you get proposals like this. stuart: fascinating. greg, we wish you well in your meeting today. come back soon and report for us. we would like to hear that. thank you, sir. appreciate it. it's friday. we have been showing you some viewer comments on friday shows recently. the good and the bad. we've got another one for you. something about additions to my farm in upstate new york? wait for it. we will show you after this. ♪

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stuart: it's friday. sometime we give you viewers comments this is coming from holly. here we go. i enjoy your show every day when i'm done with chores. i heard this morning you have a farm. my husband and i have a dairy and beef farm. i was wondering if you would like some beef calves next fall. maybe your farm doesn't have cattle. i was just asking. my cows are calm pets i must admit. i am a tree farmer. not christmas trees. i grow hardwood timber, black cherry, red oak, that kind of thing. we don't do animals. if you can get the calves to new zealand, they would be welcomed by my son who is buying an organic dairy farm as we

speak. if you've got a long distance transportation idea, holly, we'll take them that was a very generous offer. it is much appreciated. we're very glad that you are watching this show. my time's up. neil it's yours. neil: why doesn't you tell her about the truth about the farm it, has a moat, piranhas, alligators? you didn't feel like adding that. stuart: i didn't want to get into details. neil: so close to thanks giving. my friend, have a great weekend. right now the dow is on pace to have a at least a good week, hoping to come back from what looks like the first down one in a few weeks. the president is on defense when it comes to impeachment. but his mixed answers did ultimately lift the markets this deal we have with canada and mexico, the so-called usmca, it is going nowhere fast. it's a busy two hours ahead. with the hobby lobby president steve green.