billionaire getting into the race, he's going to be accused of trying to buy the nomination. maria: like he was accused in november of giving the dems $110 million and guess what, they won the majority. great to see everybody this morning. have a great day, everybody. seize the day. "varney & company" begins right now. stu, take it away. stuart: good morning, maria. good morning, everyone. welcome to thanksgiving week. jam-packed with fascinating developments for you and your money. a stunning election win for democracy in hong kong. a stunning ruling against uber in london. yeah, you guessed it, another rally for stocks. here we go. look at this. the dow industrials will open up 70, maybe 80 points up, 9 for the s&p. look at that, 34 points up for the nasdaq. that is a rally. there's momentum here. can you see dow 30,000 on the horizon? we are sure getting close. it's fun opening your 401(k) these days. part of today's gaiety is

because of the hong kong elections. record turnouts sunday, big loss for scombrabeijing. i think it's heartening to see the people stand firm. for xi jinping, it's a setback. what will he do now? investors round the world cheered. it's part of our rally on wall street today. no cheering for uber. the authorities in london will not renew uber's license to do business there. ouch. london was its best european market. uber takes the hit because of passenger safety concerns? gee, i wonder if london's famous black cabs had a hand in this. uber's stock is down 4% premarket. seconds from now, "frozen 2" big box office, tesla, dare i say a smashing success, and a little blue box, tiffany, now worth $16 billion. "varney & company" is about to begin.

>> has elsa seemed weird to you? >> she seems like elsa. >> there's voice. >> voice, what does that mean? head for the cliffs! >> i've got you. stuart: there you have it. "frozen 2" debuted this weekend. $350 million worldwide. that was the opening worldwide box office globally, that is. that's the highest grossing debut ever for any animated film globally. hold on. wait a minute. you had tickets and you went. lauren: on opening night. i was not a fan. the packaging was better than the storytelling. i took a 4-year-old and we were with three 4-year-olds. it was too long. that's what the mothers and the kids said. it was two hours. stuart: two hours? lauren: it was a dense, dark plot. my thinking is if you had an

older child who was maybe 4 when the first "frozen" came out in 2013, they probably enjoyed this one because they could handle the plot. i'm telling you, it was very thick. stuart: we also, i mean, when you look at disney as a company and its revenues, "frozen 2" plays a role but so does baby yoda merchandising. i don't see -- lauren: okay, so can i just add one thing about "frozen" before we go to baby yoda? it will have this weekend, black friday weekend, to make even more money so this is a home run for disney on the big screen and the packaging you will see for toys. the original streaming show is where baby yoda comes from. by friday, so this week, some major retailers might have some baby yoda items in store. [ speaking simultaneously ]

lauren: there's a lot of disney going around this holiday season. stuart: i don't know why we are advertising for disney. they have enough money to pay for advertising. that was a fine appetizer there. market watcher scott martin is with us. >> and "frozen 2" watcher. i liked the plot. you're right, it was a little dark, lot of twists and turns. my daughter who is 8 loved it. stuart: the stock is $148, $149, real close to an all-time record high. you would buy it now? >> i would probably wait for a pull-back but i would definitely own it at some point soon because disney plus will be very successful and i love how they are leveraging the franchises. "frozen" and "cars" and "toy story." i mean, they have done a great job leveraging those franchises. they are unstoppable. stuart: good enough to buy the stock now, hold it for the long term, make money over the next three, four, five years, you're in? >> yeah. stuart: okay. dow 30,000 when? >> six months. i think what's going to -- stuart: what?

really? >> i don't think we're going to make it in the first quarter because of the fact we will still have trade deal work out, et cetera. probably a few slow q1 earnings reports but i think we will have a nice push in the summer. that's when i go dow 30k. stuart: which puts another 2,000 up from here. s&p, a similar gain? nasdaq, a similar gain? >> yeah. you may even see more of a boost out of the nasdaq because of the tech-heavy companies. those are obviously big earnings growers. i just feel there is momentum. stuart: not the first time in a long time but we have momentum as we head toward year end. i don't see what upsets the apple cart. >> no. throw in a phase one trade deal, you got big-time upside. stuart: scott, thank you very much. good seeing you. escaping chicago. >> that's right. the cold. stuart: now, a stunning, and i mean that word, a stunning win for freedom in hong kong. pro-democracy candidates trounced the pro-beijing candidates in local elections. 71% turnout. that's an historic high.

and president trump will sign the hong kong pro-democracy bill. that gives america leverage in trade talks. that's my position, anyway. susan, is this a real problem for xi jinping now? susan: the messaging from hong kong is that we are rebuking and revolting against beijing and china. yeah, i think that's a problem. this is something i have never seen before. in fact, the city has never seen before. record turnout. we are talking about hours lining up outside these voting centers, 90% of the seats that were up for grabs went to pro-democracy candidates. that's a clear sign that they are going against the establishment and they are anti-establishment, anti-government, anti-china and two and a half million voters. when was the last time hong kong saw this? never. stuart: that's live pictures there. so it's, what, 10:00 at night. i don't see demonstrations. i don't see tear gas. susan: all right. basically, it was a reprieve from the protests for this weekend of heading to the ballot

box for hong kong. let democracy run its course. i think the people have spoken. carrie lam, the embattled chief executive, says i have heard you and i will take a look at what more we can do, but china standing firm. the foreign ministry saying that hong kong will always be part of china. stuart: the ball is in xi jinping's court right now. what's he going to do? susan: what happens when the pressure is racheted up with the signing of the hong kong bill that president trump has on his desk right now? stuart: do we get a phase one deal first, then the signing? look -- susan: it's very hard. face matters. respect matters. stuart: yes, big deal. big deal. look at the other huge story of the day. look at the stock price of uber, down 4%. its operating license in london will not be renewed. wait a minute. this is over safety concerns? ashley: yeah. they say not fit and proper to do business in london right now. they say there's a pattern of

failures when it comes to safety and security of passengers. there's been some changes to uber's system in london, they say, this is the london authorities, saying it allows drivers to upload their photos to other drivers' accounts. what happens then is that drivers who have not licensed, don't have insurance, continue to drive and those that have had their licenses revoked by uber and by london authorities are still driving. they say there still needs to be more transparency. uber says rubbish, this is absolutely unfair, they have 21 days to appeal, they will do that. and the company's saying look, we understand we are held to a high bar, as we should be, but this decision is just wrong. stuart: i smell a rat. i smell those wonderfully well-organized black cabs, london black cabs, fighting uber. ashley: wherever they can. stuart: the mayor of london, he's no fan of american technology coming into his city.

this isn't boris johnson. this is khan and the city of london. i used to live there. thank you, ash. thank you, one and all. check futures, please. we are going up at the opening bell. that is the message this monday morning. started thanksgiving week. up across the board. look at tesla. the stock, it took a dive friday after the unveiling of that cyber truck that went kind of wrong. now we have heard that elon musk says they have received 200,000 reservations for the new electric pickup truck. it only costs a hundred bucks to put down a reservation, not an order, a reservation. that's different. but the stock is up 4%. mike bloomberg running for the presidency. he's already spending tens of millions on a week's worth of tv ads. can he win the democrat nomination? i want some odds. i will ask herman cain. private equity demonized in the tussle between singer taylor swift and her former record label. swift won artist of the year,

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stuart: this is delicious. mike bloomberg, yes, he is running for the presidency. he's already spent tens of millions of dollars on just one week's worth of tv ads, more than the other candidates combined. herman cain is with us. herman ran for the presidency in 2012. now, i want some odds. what odds will you give on mike bloomberg winning the nomination, not the presidency, but the nomination for the democrats? >> 40%. the reason why is because he will probably paint a policy picture that's more to the liking of normal democrats,

because all of the people that are on the fringe left, they are not attracting the mainstream democrats. i give him a 40% chance. stuart: but people who support elizabeth warren or bernie sanders, they are not going to suddenly turn around and support this multi-billionaire, are they? i mean, the delicious part of this is here's a party which hates billionaires, which is going to be taken over by a multi-billionaire. i mean, that's ironic, isn't it, at the least? >> it's very ironic. see, when the presidency is a combination of perception and substance, and the other candidates have already defined the substance of the democrat party, socialism, and he's not going to be able to move them very far to a much more common sense approach. he will try but either they will have to be silenced which they are not because they have been trying to out-free and out-regulatory each other, he

won't be able to move them more closer to what his common sense policies will be. perception-wise, he probably will come off very well but his challenge is going to be how does he paint a common sense policy picture versus how all of the other candidates have already defined the democrat party. stuart: i personally believe that his entry into the race dramatically splits the democrat party, and definitely gives a leg up to president trump in the general election next year. what do you say? >> i don't totally agree with you, stuart, and the reason that it's going to split it is because those people that support the socialist agenda of all of the other candidates, they are going to move so what mayor bloomberg is going to do is try to appeal to a more common sense partisan position so he will get the mainstream, normal democrats instead of those people who are screaming about all of the free stuff and

they are trying to out-free stuff each other. i would agree with you, even if he does get the nomination, it won't just be a billionaire versus a billionaire. it will be a billionaire who has gotten results versus a billionaire who will be making promises. stuart: fascinating, isn't it. i bet you just love following politics and this election. you just love it. >> only when i'm on your show, stuart. stuart: you are having a blast. i know you are. we will leave it at that. 40% chance of bloomberg winning the democrats' nomination. that's pretty good. i would say it's about that, too. herman, thanks very much for being with us. have a wonderful thanksgiving if we don't see you beforehand. >> you too, stuart. stuart: see you later. merger monday. look at this. novartis will buy the medicines company, going to pay almost $10 billion. the medicines company makes cholesterol drugs and that stock is up 22%, as you can see.

a big luxury deal to tell you about. the parent of louis vuitton buying tiffany for just over $16 billion. this is all about the very strong consumer in the luxury area. people are spending big bucks in the luxury area. tiffany worth, what, $16.2 billion. ebay is going to sell stub hub for $4 billion. ebay is up on that news. as you heard last week, charles schwab is going to buy td ameritrade. it's an all-cash deal, $26 billion. as we approach this monday morning, looks like td ameritrade is up some more at 3% premarket gain. president trump met with executives from the vaping industry friday. they are talking about raising the age to buy vaping products to 21. look at phillip morris and altria which have interests in the vaping business. overall, it's monday morning, thanksgiving week. we are going up. look at that. 60 for the dow, maybe 8 for the

s&p, 34 for the nasdaq. those tech stocks are going to do well today again. billionaire carl icahn betting big against mall owners. we have a guy who says americans are not yet done with malls and thinks carl icahn will regret his big bet. more "varney" after this. ( ♪ ) ( ♪ ) introducing the marilyn monroe collection of fine jewellery. exclusively at zales, the "diamonds are a girl's best friend" store.

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stuart: so much for bad publicity. reservations for tesla's cyber truck, the electric pickup truck, hit 200,000 despite, as you see, the mishap with the window. happened twice, by the way. joining us, stock analyst gordon johnson. gordon, first of all, 200,000 reservations. that's not a big deal, is it? it's only $100 to get a reservation. it's nothing. >> we don't think it's a big deal. if you think about it, $100 isn't that big. originally they said they had 400,000 in reservations for the model 3 last quarter. they said all the orders they got for the model 3 were not reservation orders. if you look at the number of total sold model 3s, it was about 200,000. basically they only filled 50% of the reservations and that number was 1,000 so 100 in multiple instances on social media this weekend of guys ordering five, ten times, we don't think it's significant. stuart: doesn't look so rosy when you put it like that. you think the stock is going way, way down, just make your case. >> very simple. tesla has been in business for over a decade.

they have generated a cumulative loss, lost money every single year, cumulative loss of over $6 billion. despite billions of dollars in tax subsidies. now they are moving their operations over to china. trump hasn't opined on this yet but they have gotten billions of dollars of taxpayer money, now will hire a bunch of people in china. it's a structurally loss making business. they have no hope, there's no specialty. they buy batteries from panasonic, they don't make them. other car manufacturers are coming in. you have the mach-e from ford. you have mercedes, you have porsche coming in. and you have the audi and jaguar which are killing them in europe. sales in u.s. down significantly. their growth in q2 was down 7%. this company is trading at a huge multiple and growth is already negative. we think there's big problems ahead. stuart: that's the f-150 against the cyber truck in a pull-off. that's what's on the screen now. let me sum this up. you think the stock is going to collapse, that it goes to, what, zero? >> we don't have a zero price target. i think the price target is around $40 to $50.

we think that's where the stock is headed. stuart: it's at $343 now? it will lose 300 bucks? >> think about it. stuart: i'm not questioning you. i want to pump it up. you are really looking bearish. >> effectively if you look at what happened in q3 everybody got excited. they generated $143 million profit. now, auto companies traded eight times earnings. we think that profit they generated is one time in nature. we think they pulled a lot of one-time items in. if you apply eight times multiple to that annualized you are talking about a $35 stock. trading at typical multiple so the point is we think there's big risks ahead for this company. we think it's massively overvalued and we think that's going to really come into play next year, as competition comes in and you see the earnings decline. stuart: you have made yourself very clear there, gordon johnson. couldn't be more clear than that. thanks for being on the show. we appreciate it. come back and see how we go in the future. thank you. check futures, please. we are going to go up this monday morning across the board. 60 for the dow, 8 for the s&p, 30 for the nasdaq. we'll be right back. does your broker offer more than just free trades?

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rescue package for softbank to keep wework operating. what happens here in this $3 billion tender offer of wework shares is adam neumann gets a sell out of it, so he makes $1 billion here but on top of that, this is what i found stunning, given that 2800 people are losing their job, adam neumann will also get $500 million to repay his loans which, yes, he had a lot of credit against the shares he owned in the company, and $185 million in advisory fees as well. stuart: where's the money coming from? softbank? susan: no. they will sell the shares to investors, founders, to employees, although -- stuart: that assumes they will buy them. susan: especially at $19 and change. that's the selling price. but this is crucial, because you know, we know softbank is investing about $9.5 billion to rescue wework. they will own 80% at the end of it. this is vital in order to get wework and continue to keep wework up and running because they are in this cash crunch, they will run out of cash basically by the end of this

year. stuart: they are the largest office leasing company in new york city. susan: in manhattan. correct. stuart: if they go under, so does the real estate market for commercial property in manhattan. that will be an utter disaster. all right. the opening bell, as you can hear, is ringing. they are cheering. this is monday morning, start of thanksgiving week. we are going up right from the opening bell. here we go. right from the get-go we are up 50 points. lot of the dow 30 have not yet opened but we are going up. i see a lot of green over there already. way more than half of the dow 30 are in the green. they are going up. in the very early going, the dow is up .25%. it's a rally. check out the s&p 500. same story. up even more in percentage terms, getting almost .33% on the s&p. and the nasdaq, that's what i want to see, yeah, look at that, up a half percentage point. 8,500 on the nasdaq. technology's doing well this morning. uber lost its license to operate in london.

safety concerns amongst others. that stock is down 2.5%. $28 a share on uber. tesla reportedly booking 200 reservations for that electric pickup. sounds good. we'll have a look at that in detail. the stock's up nine bucks now. there were simply blowout numbers for "frozen 2" at the box office. a record of $350 million worldwide for an animated film. disney's stock in the early going, $148.81. i'm going to start with disney. mike murphy's here, susan li is here, ashley webster back again. mike, would you buy disney at $148 right now? >> i would. stuart: you would? >> yes. stuart: why? >> we own some disney stock. because i think you have so many different ways to make money. so many different levers this company can pull to generate money for shareholders. the theme parks we know, the movies we know, but now the disney plus, stuart, all the downloads out there, and you can say they are losing money for the first few years which is true, but it's a land grab. people will be paying disney for

the foreseeable future for the right to view their movies. susan: they already control over forth % 40% of the box office. not to mention "skywalker" will come out next month. i think it will be a record year for disney and obviously disney plus also getting eyeballs as well. seems a lot of things are going right entertainment-wise for this company. stuart: "frozen 2" will bring in a billion dollars. ashley: bigger opening than the original. stuart: isn't that something. maybe i will see it. take the grandkids. susan: why not. ashley: come on, stu. stuart: you will pay, did you say? susan: for the popcorn. stuart: that's the biggest cost. let's get serious. look at uber, please. i believe the stock is still down. safety concerns about its london operation feernor passengers, t is, and they have not renewed their license to do business. you going to stay owning it? >> i'm going to stay owning it. this isn't great news for them

but it's not out of left field. this has been going on for over a year. they plan on appealing. they are allowed to appeal. here's the thing. there are other companies, competition coming into the london market to go against uber, so i think when all is said and done, there's going to be one, the tlc of london will have one set of rules that will apply to all these companies. they will increase their safety. but uber will be doing business in london. susan: makes you wonder if they are specifically targeting uber in particular. we know the first license suspension was back in 2017, then the advance and reprieve, now they have 21 days to fight this, which uber says they will appeal. we know london is the largest european market for uber. they say maybe 2% to 3% of gross rides come from the city. not a huge business globally since they operate in so many countries and cities. stuart: i'm still interested in buying it because all these negatives have come out, the lockup period's over, wash out all the problems and i'm looking

what i think is the bottom of the stock. >> they had a big announcement late last week. i think this is a pullback that gives people an opportunity to buy the stock. i own it higher than here but i think if you are looking long-term it's a great buying point. stuart: i want to be in this brand new industry. >> do it. stuart: i wouldn't mind getting into something new. you think i should do that? >> yes. ashley: you have been asking that question for a year now. stuart: i know. maybe i will do it. big luxury deal. the parent of louis vuitton buying tiffany for, what, $16 billion. this is all about the strength of the consumer buying luxury products worldwide, i think. susan: that's right. the turnaround happened in 2017 because for awhile, they were experiencing falling sales, falling revenue, since 2015. it was a struggle for the 100-year-old new york-based jewelers. they have been around since 1837. what's important in this is that they have lifted the bid price. originally it was $120 a share.

lvmh had to pony up more, $135 in stock and cash. for lvmh or louis vuitton, for them it's about adding a brand new luxury brand into their portfolio which is already expanding and the chinese luxury buyer as well. stuart: are you mocking my french accent? susan: i love it. ashley: if she doesn't, i will. susan: je ne sais quoi. stuart: there you are. walmart, target, amazon. you're telling me, mike murphy, they are the big winners this holiday selling season, right? >> they are. the consumer is strong, the consumer is going to spend money and those are three stores or online sites where people will spend a lot of money this holiday season. stuart: the money has already been made. walmart is already at $120. amazon is $1762. should i buy at these highs? >> i don't think you should.

they will have to have blowout holiday seasons. the point there is that people, you will see good numbers from these three retailers, in my opinion. stuart: it's just a reflection of the consumer? >> of the consumer. yes. because remember, over the last few weeks, you have heard people say well, is the consumer going to crack, is the china trade deal going to impact the consumer. i think the u.s. consumer is very healthy and it will be a very strong holiday season. stuart: i will show you the big picture. as we are doing that, producer, can you ready a stock price for me on peloton? i am going to talk about peloton momentarily. susan: out of nowhere. stuart: out of nowhere. you are one-upping me today. up 86 points on the dow industrials, a little shy of 28,000. now, couple more stocks to go at. boeing's chief of commercial airplanes left the company. now their top communications executive, leaving the company. no real impact on the stock. it's down 80 cents. that's it. the ten-year treasury yield about where it was last friday. not much of an indicator there for the economy.

1.76%. but look at bitcoin. $7,158. it had dropped below $7,000 earlier, struggled back to $7,100. gold, not much move except down. $1462 per ounce. oil still around the mid-$50 a barrel. been there forever. two names really got to talk about, apple and microsoft. both of them in record territory, both are huge market leaders. okay. pull them together, susan. tell me, how big are these two? susan: the combined market cap is $2.3 trillion between apple and microsoft. microsoft has rallied 47% this year, apple has rallied 66%. combined, they are two times bigger than the s&p energy sector. this is giant, like exxonmobil, and this is, these are companies that are just so huge. also, it's the combined entity of apple and microsoft that's bigger than the russell 2000. stuart: you add the value of microsoft to the value of apple

and together they are bigger than the russell 2000? although they are smaller companies, they are worth more? susan: yes. also bigger than the 197 smallest companies listed on the s&p 500 as well. these are giants that have helped lift, by the way, the dow past 28,000. a lot of money has rotated into these names. as you see, they actually dwarf now amazon, alphabet and the other rest of the tech giants. stuart: total market dominance. >> absolutely. stuart: completely. >> if you look, you talked about tesla earlier that has a multiple that's through the roof. you look at these companies, apple trading in the low 20s price earnings multiple and microsoft right around 30. so you could argue that they are still investable at these prices. stuart: i don't know whether we got peloton ready or not. i want to talk peloton because my daughter got one, loves it, explained all the advantages to me and there it is. $30 a share. ashley: she convinced you? stuart: i'm not going to get

one. she convinced me it's a serious product. susan: did you get on one? stuart: of course not. >> here's one of the big things. it's recurring revenue every month. your daughter went out, spent $2,000 for this bike. now, every month they will charge her credit card roughly $40. people aren't stopping that. they are continuing that service because they want -- they don't want to say they don't have a good purchase. that recurring revenue gets a higher multiple by wall street. it's a good investment. stuart: wait a second. wait a second. you use this exercise bike at home. susan: yes. stuart: in your house. you don't have to drive some place or walk some place. susan: exactly. stuart: you do it when you wish to do it. three guys appeared and put it together, installed it on time in the right place and walked away. they were doing 12 installations that day. susan: yes. >> you should get one. the next push for peloton will be into the apparel business and add on to the bikes, they already have treadmills.

john foley, the ceo, he has his sights set on bigger things. susan: we have been talking about peloton for awhile, describing it to stu but he only grasps it when you see the physical bike. retention has been great, 90% that buy it actually stay on it. i will say this, i'm sure you get this all the time with other businesses, there are other players getting in as well. technogym and other bike builders and exercise machines. >> peloton has the first-to-market. they are going to -- people who have the bike are also moving into the treadmill. i think there's a lot of upside for them. susan: $2,000. stuart: $2500 out the door because you have to buy shoes. >> you have to point out, you do not have to pay them $2500. they will do interest-free financing similar to what apple will do. you can just make a monthly payment on it and it will show up at your door. stuart: now he tells me.

thank you, that's great. 9:40. thank you very much. check that big board. we are up 94 points. there you have it. 93 points. we will take it. 27,969. we are officially in the holiday season. that means it's time for elf on the shelf. this is a true american success story and an original idea that became not only a tradition but a phenomenon. it really did. we talk to the lady who started it all in our next hour. we are talking to a veteran who credits a marijuana cultivation program for his recovery from ptsd. he says the program saved his life. he will tell us about it. he's a weed warrior. he's in the 10:00 hour. another e. coli outbreak, romaine lettuce from california recalled in more than a dozen states right before thanksgiving. we are on it. more after this. we made usaa insurance for members like kate.

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the last year of my life has had some of the most amazing times and just the hardest things i've gone through in my life, i'm lucky to be here. i know that every step of the way. thank you so much. stuart: a very big night for taylor swift at the american music awards. she took home artist of the year, artist of the decade and she took a shot at the music producer, scooter braun, over music rights. former bain partner ed connerd is with us today. look, what taylor swift is having a go at and elizabeth warren is private equity. they are saying look, you guys, that would be you, bain capital owns warner music, i believe, you walk in, you borrow a ton of money, you saddle this company with a ton of debt, then you walk away with your fees and they go belly-up. explain yourself. >> i wish it was that easy. stuart: i know. i know.

go ahead. >> i do think if you can find companies where you can cut the costs and strip the assets and turn them around, that fast, and the management of those companies has done a terrible job managing them. anybody who owns a business, every investor, small business owner, knows how difficult it really is to make money as an investor. you have to serve customers more effectively than competitors and you have to do that every day. it requires caring for your employees. it requires caring for your customers, requires investing in a business. if you are very very good at that, you can eke out and make some money as an investor. competitors are very good at it too and a lot of value gets passed to the customer. stuart: is private equity, is private equity responsible for taking away taylor swift's rights to her original music? >> no, that's ridiculous. well, remember, the music industry is a lot like the venture capital industry. you have to invest in thousands of failures to get one success. so don't think for a second that taylor swift and her family weren't celebrating when she signed a record deal like every

other musician who has signed is lucky enough to have signed a record deal. then one of those, she becomes very very successful. she had many opportunities along the way to buy back her rights to her music. she turned it down and she bought only the rights to her music a year from now. then she wanted to use her music sooner than that. remember, she's worth $400 million. this guy bought the rights to her and many other artists for about $300 million so she had plenty of money to buy back her rights which she chose not to do. she tried to do a different deal and then tried to change the terms of the deal. stuart: is this like what happened with tom petty? i don't know whether you remember that. tom petty lost the rights to his original music, then he fought and fought and fought and said no, i will not back down, no backing down. i think he eventually won. i don't know how he won, but he did. >> i don't know the details of that. stuart: you don't know tom petty? the great tom petty? >> he died. i do remember that. i listened to his music when i was younger. same thing happened i think with prince, remember when he was a

sign. he was also having an intellectual property battle with warner music, i believe the owner of his music rights. when these people have no money, they want to have somebody invest in their career in order to be a star, it takes a lot of money, lot of management, and they eagerly sell the rights to their music when they don't -- when the rights don't have any value. you have to buy thousands and thousands of those to get one star. you invest a lot of money in the ones who are being successful. when they finally break out they don't think about the thousands of failures that you also invested in. they just say geez, i'm producing a lot more value to you than you are for me. yeah, because you are the one in a thousand that got lucky. stuart: remember brian epstein, managed the beatles? >> i don't remember him, but yes, i know who he is. stuart: took 25% of all their gross revenue right off the top. 25%. >> you turned them into the beatles, too, by the way. not like they didn't create value, too. stuart: game, set and match. thank you very much, sir. all right. romaine lettuce from

salinas, california linked to another e. coli outbreak. grady trimble, you have got the details. go ahead. reporter: stuart, two outbreaks last year tied to romaine, now this, just in time for the thanksgiving holiday. the fda recalled or called for the recall over the weekend and several stores have pulled the product from their shelves, including walmart, target, sam's club, aldi and many others. this is affecting many states. 16, to be specific. 40 people have reportedly gotten sick. 28 of them had to go to the hospital because of e. coli tied to romaine. we are specifically talking about romaine as you said from the salinas region. that's listed on the bag. the cdc and fda say look at the bag before you buy it, look at the growing region. if there is no growing region, don't take any chances. throw it out. it's important to note we are talking about all types of romaine including hearts of romaine, whole head lettuce, mixes and salad kits as well. stuart: we have been warned. grady trimble, thank you very

much indeed, sir. check out that market. the dow 30 looks solidly in the green right now, it's a good start to a monday morning. we are up almost 100 points. billionaire carl icahn betting against shopping malls and mall owners. he thinks they are failing and won't recover. we have a guest who says americans are not done with malls yet. he thinks carl icahn is going to regret his big bet. more "varney" after this. (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. ( ♪ ) ( ♪ )

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for a free kohler® nightlight toilet seat with in-home quote or visit kohlerwalkinbath.com for more info. stuart: it's a hundred point rally for the dow, nice rally for the s&p, same for the fas d nasdaq. it just hit an all new record high. it's a rally. carl icahn has placed a big bet against mall owners that they are going to sink. joining us now, jay scott peele, commercial real estate kind of guy who thinks that all is not lost for the american mall. >> no, not at all. it depends on the market that they serve, it depends on the category that they serve. luxury's doing great. stuart: wait. they divide malls into three classes, class a, upscale places, you say they will be okay? >> they will be fine. stuart: but the b and the c? they are not? >> they are a product of overdevelopment and you know, it's the synergistic retailers, the ones that rely on foot

traffic or impulse buys that are really hurting because they don't know how to get their brands the exposure. think yankee candle or even tvana, who couldn't succeed because they needed foot traffic. stuart: icahn is betting against the b and c level malls. >> the 2012 debt was underwritten with entirely different models and where he thinks it's going to pay off largely likely is because they are under water, upside down. they borrowed too much because they were highly valued then, and on the takeout they won't. now, if they can perform for a couple more years, they will service the debt but are they going to find a new home for it? probably not. stuart: so he could probably win that bet against the b and the c -- >> i think he's got a good shot at winning. remember that that only represents 3% of the overall mall portfolio in the u.s. it's not a huge short. stuart: but if i say luxury malls, that's the wrong way to put it. the type a, the class a malls,

upscale malls -- >> you deal with luxury, the luxury -- stuart: are they doing real well? they used to be on this trajectory up, more and more foot traffic all the time, they were doing fantastic. surely that's not the case today. >> well, what happens is so there's 9,000 closures this year. that's been hugely publicized. we just came back from a private equity event that we hosted, 150 people investing all over the place. retail has largely been undervalued and revalued over the last five years. but there's a lot of other categories that haven't. so up at 9,000 closures this year, 3,000 of them represented by two brands, payless shoe source and gap. right? so it's the cheap stuff that's not making it but the luxury brands, louis vuitton, guicci, prada, are doing great. stuart: i can't explain that. well, i can. >> it's a great economy. growing income, low unemployment and folks are stepping up. you aren't buying bargains, you

are buying exclusiveity. they are also making the buy online in-store purchase transition work quite well. you know, we are bullish on retail because it's been revalued. we are concerned about what happens in say the industrial category if president trump doesn't get re-elected because those assets have seen a four-year run they haven't seen before. stuart: you are behind trump's re-election. >> 100%. keep it coming. stuart: now he tells me. thanks for joining us. always appreciate it. now, there is going to be a glut of houses for sale when baby boomers finally are ready to offload the family home. problem is, who is going to buy them? millenials don't seem that keen. good story. we are on it. bloomberg is officially in the presidential race. i find that ironic. the party that hates billionaires and wants to tax them to death is being taken over by a multi-billionaire. i don't think democrats like

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so you can... retire better. stuart: mike bloomberg is officially in the presidential race. ironic isn't it? the party that hates billionaires has been taken over by a multibillionaire. okay, he hasn't quite taken over, yet but a man with a fortune of more than 50 billion, who has just spend more on political ads than all the other candidates combined is going to make a big impact. i don't know whether a 77-year-old aren't at this gun new yorker can win the democratic nomination or the presidential election but he has taken a buzzsaw to the party and split it right down the middle and i don't think that is good for democrats. it is open war for warren and sanders. they built their campaign against billionaires. bernie complains he should not

be allow to buy elections but money talks in politics. joe biden can't be happy. joe okay piling the center. his campaign is lackluster, he is not raising much money. overnight the bloomberg is taking over the middle ground. his strategy is unusual. but it is very smart. he is entering the campaign late and let the competitors tear each other apart, put in money and jump into super tuesday on march. california and 14 other states hold primary votes on just that day. bloomberg's billions will have enormous impact. consider this, there may be an impeachment trial in the senate around that time, spring of next year. senators, warren, sanders, klobuchar, booker, harris, they can't be on the campaign trail. they have to be in d.c. passing judgment at the trial on the president. it is hard to believe that democrats welcome this. i can't see the supporters of warren and sanders suddenly jumping ship for the

50 billion-dollar man. i can't see rural moderates getting behind a candidate who has no time for guns. i can't see southerners or midwesterners supporting a climate warrior. bloomberg not only splits the party, throws it into even more chaos. that means, no matter who leads the democrats next year the party remains at war with itself. bloomberg has opened the door to a trump win in 2020. that's my opinion. the second hour of "varney & company" is about to begin. ♪. stuart: you heard what i had to say about bloomberg's entry into the contest. let's bring in market watcher, jeff zika. he is a great business guy. so are you. would you vote for him? >> here is the juxtaposition of having a candidate like him in the anti-american dream, anti-monetary success,

democratic party. i think it is ironic. i think it is the theater of the absurd that he is in the race to begin with. if i were forcessed, kidnapped and forced to vote for a democrat i would certainly vote for bloomberg because he has done some good things throughout the years and he has a business mind-set but keep in mind, he is up against some real ne'r-do-wells who will destroy the country. so there is a very low bar when it comes to this. stuart: so you would vote for him? >> i would vote for him in extreme circumstance where i had no choice. stuart: excellent. i wanted to get that out of the way before we proceeded there. i want to check the market. we're doing very well. the dow is up over 100 points. we have the dow up, can't quite see it there, up 120 points. look at that, s&p, nasdaq, s&p and nasdaq both hit all time, intraday highs, okay?

let's get this straight. this is one huge rally. want to take a second to talk about a big deal in the luxury area. the parent of lou -- louis vuitton buying tiffey, paying more than $16 billion for it. jackie deangelis at the new york stock exchange. this is a signal that the luxury area is really, really strong, isn't it? >> good morning, stuart. that's right. lvmh thinks so. it is trying to expand the portfolio of already high-end products including tiffany into it. $135 a share is the transaction price. tiffany shares up 7%. you can see behind me. tiffany is a brand that actually struggled. it has been a little wobbly. the sales are stronger abroad, also in china. here in the united states it needs a little work. so the thought from investors that lvmh will get in there, help tiffany regain the footing. one of the flagship stores of course is here in new york city.

stuart: yes it is. right there on fifth avenue. i know it rather well, actually. i want to bring in jeff sica, what do you say about luxury brands. they are doing very well, aren't they? >> this is a company run by bernard arnault, the third largest, third richest man in the world. lvmh is the king of luxury. tiffany was struggling as jackie see. they are having a tough time with chinese tourism that would buy jewelry. they made a good decision partnering with lvmh. they are going with the younger crowd that does buy tiffany. they're going against rosemont, which owns cartier which is the ultrahigh-end. this will be a showdown in luxury brands. this will be interesting to see if it unfolds. the fact that they dominate beauty, they dominate, fashion,

this puts them in another position of superiority. stuart: in a strong economy, the consumeer spending that is nice position to be in. >> absolutely. stuart: the other side of the game, walmart, target, amazon, we're in the middle of it, this buying season i think those three companies will do particularly well. >> the other retailers, all the 14,000 retailers, stores that closed their pain has been the gain of walmart, target and tj maxx and amazon because now you have consumers who don't have as much choice, who are now going to the big retailers, who are adaptable. they have won the law of attrition. they have come out ahead and they do, they do a lot for the consumer. and the consumer now is in a very fragile position. keep in mind the consumer now is more overleveraged than they were in 2018. so the consumer needs to get the bargains in order to keep spending.

stuart: i just want to take time out to look at two gigantic winners. hold on a second, jeff. when i say big winners, i mean huge winners. talking now about apple and microsoft. earlier today, susan gave us some extraordinary stats. if you combine apple and microsoft, the value of those two companies, what are they, they're bigger than 2,000 companies, russell? susan: russell 2000. bigger than the s&p 500 energy sector which includes exxonmobil. which used to be the largest company in the united states and in the world, remember. chevron also s&p 500 energy sector as well, bigger, combined entities, bigger than 197 smallest companies on s&p 500. they're looking 2.$3 trillion in market cap. if you think about it, that is extraordinary with microsoft up 47% on the year. apple up 66%. stuart: hold on everybody. we got a presidential tweet on the stock market.

i will read it for you. another new stock market record. enjoy. i think many of our viewers are. move on to this, i guess you could score one for the greenies, i don't agree with that. the harvard yale game, interrupted by climate protesters. i will not score one for the greenies, certainly not. i think it detracts from them. cabot phillips with campus reform. i don't think that is a win for the greenies. i think that is miserable loss. what do you say? >> i want you to bring up the fact that protesting on the football field not the football pitch. certainly not a win for the climate protesters. at one point 43 protesters were arrested charged with misdemeanor counts. that is good deterrent from keeping things happening in the future. as far as the pr battle go it certainly wasn't a win for protesters. a lot of reasonable americans say what can we do on climate

change. be look at it. be analytical. have compromise. when they see crazy protesters shutting down a game, they say wait a second i don't want to be on the same side as those people. that is driving people away from the cause. cause of activism should bring people in. hopefully the fact there were arrests, if you show people, you play stupid games, you win stupid prizes and the prize is misdemeanor. stuart: i would like to see the time when climate activists demands live the green life, live the climate life. not expressing it correctly. greta thornburg, came to the united nations. she lived the environmentalist life. she is not going to fly. she will not do this, not do that, she is a vegan, whatever. when will we see more people be like that, be real about it? >> we'll only see it when people feel social pressure to live that way. we've seen it leadership institutes of campus reform.

we interview student. do you support the "green new deal." of course i do. would you be willing to live by all the ramifications in it, all these things, well, that is a little extreme. maybe i don't want to do that. they need to remind people when they actually do. this they demanded universities divest from any fossil fuel investments. that is what they say they want universities to do. these shifts towards extreme i've type of protests it is happening because of rhetoric are getting. when you're average 18-year-old student hear from people like aoc or media the world will literally end in 12 years you will take extreme actions that rhetoric idea that this alarmist idea that the world will literally end. it causes people to do crazy students. stuart: cabot phillips, you're right. see you soon. by the way legendary college football coach lou holtz joins us later in the show. i wonder what he says about the

yale harvard game interrupted like that, over an hour. you heard my editorial at top of the hour on bloomberg. "bloomberg news" will not do any investigative pieces on michael bloomberg but they will keep on investigating president trump. media watcher howard kurtz joins us later to discuss precisely that. more homes for sale signs on homes owned by baby boomers. the journal reports by 2037, 1/4 of housing stock will be vacated by seniors. so who is going to buy them. we're all over it. what a story. it is the holiday season, it is time for elf on the shelf. anyone with younger children knows the power of elf on the shelf. the owner of elf on the shelf joins us next. ♪.

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stuart: it is a rally and the rally continues. we're up half a percentage point. that is 141 points for the dow, back above 28,000. new highs for the s&p. new highs for nasdaq. year-end rally. here it is. uber, the ride share company says it is aware of an issue that is preventing riders getting online on its app. the stock is down a fraction. a problem with the london market t was down 4%. now it got this app problem. it is only down 19 cents coming back. reservations for the tesla cyber truck hit 200,000. that is reservations. only takes 100 bucks to put down a reservation despite the mishap with the window. wait a second, ashley, they have a explanation for the window smash? ashley: how embarrassing to show

off the cyber truck and how tough it is the windows, the armor glass. what happened when it was on stage, there you go, oops. i think it is hilarious. apparently elon musk said what went wrong, used a sledgehammer on door first, which cracked base of the window. if they had thrown steel balls first at the window and slag hemmerred afterwards it wouldn't have been an issue. that is the explanation today. stuart: that was the best piece of publicity he had in very long time. ashley: you're right. we're talking about it. susan: sledgehammer first and throw the steel metal balls. ashley: because the bottom of the glass was cracked after the sledgehammering. susan: come on, i don't know that i buy that. stuart: that is incredible. this is american success story, anyone who has little ones knows power of elf on the shelf.

the special elf friend who travels from the north pole to children's homes. we have the with us the cofounder of the company that makes the it. she is here. thanks for coming back to the show. >> thanks for having me. stuart: you started off with this, that is highly original idea for a christmas toy. can i call it a real toy? >> this is real elf watches during the day, reports to santa at night. we played a big part with the book. i wrote the book with our mom. we couldn't get anyone to publish it. we published it ourselves. then there are 90 people that work year under. stuart: started elf on the shelf in 2005? >> 2005. this is 14 years. stuart: i ask a typical financial question. how many have you sold? >> we have sold over 13 million elf on the shelf products. we have elf pets which all do a job for santa as well. one of our top questions we got from kids. we sold over 2 million of those

as well. stuart: ideal for 3, 4, 5, maybe six years old. am i stretching it there? what is it? >> not at all. we tell people all the time you're never too old or too young for tradition. stuart: of course you do. >> our target market shockingly is a seven-year old. anything from around two to about 11 are true believers. stuart: you can't touch them. >> you cannot. they will lose their christmas magic. do not touch the elf. stuart: but you do, they are moved. they move themselves. >> they fly. once you give your elf a name the story tells you that is how they get their christmas magic and come to life. they have been hibernating in the box. during the day they watch, report to santa in the night. in the morning before kids wake up they come back from to the north pole and land in a different spot in your elves. stuart: children give the elf names. >> that is part of the fun. second someone finds out what i do, my sister, my mom, anyone

that works for our country, you instantly get camera, photographs and the elf's name. that is what it means to family. stuart: it is enormous -- one last one. >> yes. stuart: the uk in britain, it has taken off there. >> it has. we love our friend in the uk. independent research recently came out that said 32% of kids in the uk would choose elf on the shelf over any other thing at christmastime. stuart: that's genius. that's absolute genius. you came up with that, developed it all the way through the years. brilliant, absolutely brilliant. hats off. >> thank you. stuart: come see us next year. >> i would love to. stuart: good to see you again. holiday shopping period is upon us. it is underway and up next we have a guy who says target is the huge winner. he says they are ahead when it comes to store experiences. i'm told that shop something all about the experience. personally i can't stand it. that is another story entirely.

we'll be back. [laughter]. ♪. (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.

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stuart: that rally is holding. for the benefit of our radio listeners. we're up 140 points. that is exactly half a percentage point. basically we have got record highs s&p 500 and the nasdaq as well. good stuff. we have development or comment i should say on usmca. mexico's president has just said, yeah, he is optimistic that this trade deal, america mexico canada, will be approved soon in the united states. that's a plus for the market. we're up 142 now. 28,000. target, apparel we hear

doing especially well for that company. i want to bring in target analyst max mcclintock with raymond james. that is kind of a raw statement, apparel doing real well for target. tell me how well it is doing, and why? >> target reported greater than 10% comp in the apparel business. put that in perspective, target is one of the largest apparel retailers in the united states today, third or fourth largest, in 10% comp, target took more market share, grew faster than any other retail apparel in the united states today, including walmart, tj maxx, any other guys that you don't hear about target. stuart: they're selling more and more clothing items and competition is not meeting that strong demand? they're not seeing that strong sales? i'm mixing this up. how good is this? target's apparel business is how good? >> let's put this in

perspective. i have never in my career, 15% covering target never seen more than a 10% comp at target, right? look at rest of the apparelly industry there is only one apparent retailer doing double-digit growth right now, that is lululemon. think about the size of lululemon and size of target, for target to be talked about the in light of lululemon, that is phenomenal. stuart: what about the experience in the going into the target store what is different? >> a couple of things. the only retailer is spending more more money remodeling retail stores. every other retailer said we've got to be digital. target spending billions of dollars making the store nicer. when you walk in the target store in target is better than a dressing room in a macy's. presentation of the target, they have mannequins, shop in shops, apparel asorted looks like a kohl's, adjacent jays, like a

macy's. when a customer walks into the store they see this new experience, right? they see product. they see levis for the first time at target. that used to be a macy's brand. they see that lower price, better experience than macy's, why would i shop at macy's again? stuart: the stock is 120 odd dollars a share? >> about 125. stuart: you see it go to 150? >> we think it 150 is the number. stuart: very interesting. max mcclintock, thanks for showing you. >> thank you. stuart, it is official. michael bloomberg former mayor of new york city is in the race. he owns "bloomberg news." they said they will not do investigative pieces on him but will do investigative pieces on president trump. media watcher howard kurtz discusses that next. ♪. great riches will find you when liberty mutual

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i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better. ♪ stuart: dr. robert. now what does dr. robert prescribe to his patients we ask? ashley: we'll leave it to the imagination. stuart: this is early 1960s, sports fans. leave it to the imagination. never heard this song before? susan: i haven't. but sounds like a dr. feelgood prescription i imagine, right? makes you feel good. ashley: imagination. stuart: that is a good one. i think that is successful song in the morning. look at uber please. they're down, but not much. their london operating license

is not been renewed. now it is only down a tiny fraction. what is going on? ashley: transport for london which issued two prior suspensions on uber by they have overcome. this is big one. they claim they're not operating in a fit and proper way. there is pattern of failures that does not protect passengers. in particularly, 14,000 rides at least, according to tfl, made by drivers who were not the drivers that were supposed to pick up the fare or they were either i imposters if you like, uninsured an unlicensed and, uber they say has been warned about this. they're not doing enough, taking enough measures. it will be appealed. they have 21 days to do that. they will appeal. some of the numbers, how many, 3 1/2 million riders in london. 45,000 licensed drivers in london. that is a lot of people.

stuart: could call a halt to the whole lot. susan: not a lot to uber's global business. ashley: biggest in europe. susan: 3% of booked rides. will it hurt a little bit? yes. but not a big hit. ashley: a lot of people in london say they can't afford the black cabs. they're more expensive. stuart: check the big board. why don't we do that. we're up 145 points, back above 28,000. yes it is a monday morning thanksgiving week rally. quickly this one, t-mobile, sprint, settled with the texas attorney general. they will withdraw from the state antitrust lawsuit. the ag'ses office says that agreement will have it. mobile commit to build a 5g network throughout texas in six years. who cares. don't look now, bitcoin falling to a 6-month low, $7200. that is dead money. i wouldn't touch it with a 10-foot pole. ashley: this is a crackdown on

cryptocurrency operations in china. this is the reaction to this. the people's bank of china telling businesses involved in cryptocurrencies to quote, correct any improper actions. ask investors to be wary of virtual currencies. that is not good news for bitcoin. certainly the largest in this space. it finished last year, i think 6374. it doubled in price since the end of last year. still remains very volatile. to say the least this might be a buying opportunity for those who believe in it. susan: got to 13,000 on the back of leeb a, this introduction of the facebook cryptocurrency but china helped rally bitcoin prices last month as well. stuart: i'm not interested. ashley: where did libra go? stuart: give me peloton or uber over a bitcoin, for heaven's sake. i think i will do well. >> will you ride peloton? stuart: a voice -- >> would love to see you on one of those. ashley: wouldn't we all.

>> wearing spandex. ashley: no, no. [buzzer] can we go to the break while we recover from that? stuart: i agree with the buzzer on that one. mike bloomberg is in the race. he owns "bloomberg news" a giant news operation. "bloomberg news" will not do any investigative pieces on bloomberg but they will continue to investigate president trump. howard kurtz, host of "media buzz" with us now. is that legit, lay off bloomberg the candidate but still go after mr. trump? >> stuart, this is a giant punt that went sailing out of bounds. "bloomberg news" always had oddly hands off approach to the boss. he was mayor of new york city for 12 years of course. to say that, okay we'll cover the campaign and anything that mike bloomberg says as a candidate, we'll not investigator particularly scrutinize him. then we'll not investigator scrutinize or other democratic candidates he is running against. that is unfair.

but it is okay to do investigations against president trump is a maude dell. doesn't make anybody happy. stuart: it is entirely understandable, bloomberg is in the race entirely to get rid of president trump in the oval office. that is what he is there for. he will not quit investigating him if he thinks he will dig up stuff that will help him get in the oval office. >> that chips away at credible of "bloomberg news" and very fine journalists and reporters seen there having one hand tied behind their backs. bloomberg is first person to run a news organization of magnitude. this comes up all the time. "washington post" has to report on jeff bezos, and cnn has to report on at&t. this happens anytime you have to report on the bus. bloomberg is essentially shutting down the opinion section, will not accept anything about the presidential campaign while the two top

editors of bloomberg opinion will work for mike's campaign. i don't think this is a good compromise even though i can see what they're trying to do. stuart: could i ask you for a second to take your media buzz hat off and put on a political hat? i hope you don't mind me asking that. >> of course. stuart: i see a smile on your face. >> no, let's go. stuart: i think bloomberg's entry into this race has completely split an already split democrat party. and i don't see how you get over this chaos. >> well i think the impact his impact has been overstated particularly by the new york media who know and maybe like mike bloomberg. he did have a very good job as new york mayor. possibly that biden could fall and bloomberg could steal some of those voters. he used to be a republican. he just apologized for his stop-and-frisk police policies in new york. i don't think even if he spend as gazillion dollars that he

will be a significant factor in the case. stuart: we'll watch very careful. >> more carefully than "bloomberg news." stuart: nicely said. tied it back together, howard. that was brilliant. howard, see you soon. >> thank you. stuart: a wave of homes for sale hitting the housing market, a scale we haven't seen since the housing bubble in the mid 2,000s. i want to bring in kristina partsinevelos. am i right this is homes sold by baby boomers like myself. there is nobody there to buy them because millenials are not interested. is that the story? >> don't jump to the conclusion that there is nobody interested. there is more of a weave. you can blame it on easy credit or too many new homes. unfortunately because baby boomers are going to be passing. stuart: dying. >> dying. trying to be nice bit. stuart: you talk about me. i am a baby boomer. >> those born between 1946 and 1964. you're letting everybody know you're in that demographic.

unfortunately according to zillow. they put out a report. right now four out of every 10 homes in the united states is owned by somebody 60 plus. five out of every 10 homes, owned by somebody 55 plus. all of homes, 27% of the entire supply will hit the market in the next 20 years or so so the big question is who is going to buy it? why you brought up millenials. that is whole another report and story because millenials are not buying homes as often. there are several factors. they are starting lives later. don't have as much money. debt. living in metropolitan cities. stuart: i think they will work out of that understand the virtues of homeownership. >> why this could work out very perfectly. millenials are not buying right now, i'm elder millenial, fall into the category, move in 20 years or so. areas most effected are retirement homes. ones in florida. a few in arizona. least affected will be vibrant, more affordable cities at the

moment seem to be dallas, houston, atlanta fall into that category. stuart: let me ask you a personal question. >> please go. i'm an open book. stuart: no you're not. are you soured on the whole idea of buying a home at some point in your future? >> no. i want to but right now, i don't think it is feasible. i look in new york city. looking at home prices being alone trying to buy a property right now. stuart: i suggest you don't buy a property in new york city. you will be alone. you have to pay a fortune. >> exactly. exactly. stuart: i recommend florida. but don't leave the show, okay? report from florida for us. >> maybe i will buy your home in the near future. do you have a retirement home there? stuart: home there. not necessarily a retirement home. i do have one there. you really are in dangerous ground. says on the prompter, kristina, thank you. all right. >> bye. stuart: that time of the year. oh, the secret santa parties? is that, yes it is. but check this out.

oh, 26% of millenials say it gives them anxiety. oh, gives you anxiety, that is pathetic. what is the line? explain this to me, susan. susan: read the prompter, okay? read the prompter. job site found 26% of millenials actually had to dip into their savings and overdrafting accounts to fund an office exist. 17% said they felt judged by coworkers when they opened the gift. 78% felt they had to contribute more than they actually should to the office secret santa. one in three millenials want this banned because too much anxiety. stuart: oh, please. susan: you're over spending. are you buying the right thing. stuart: speak. >> i will not be buying you a christmas present this year. stuart: really? ashley: too much pressure. >> too much pressure. ashley: for the man who has

everything. stuart: may i call for an end, call for an end to the lunatic surveys which are utterly meaningless? can we do that? susan: just for millenials, santa surveys or what? stuart: this just sands -- sounds ridiculous. susan: no this is serious. anxiety, mental well-being. stuart: move this along. official bloomberg in the 2020 race. we've been covering this all morning. next hour we'll have his pollster, his pollster, doug schoen on the show. i put it to him, middle america won't stand for bloomberg, what does he have to say about that? a headline says support for trump hardening increasing. later this hour i will ask new york congressman tom reed, any members, gop people, any gop, republican people at all will vote for impeachment? dying to see what he says. we'll be joined by a businessman who started a organization that

pushes marijuana cultivation as a type of therapy for veterans. we'll be joined by one veteran who says the program saved his life, thc, real marijuana. that's next. ♪. driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades. at fidelity you'll pay no commission thlook at all this ink no more bit comes with.es. big ink tanks. lots of ink. no more cartridges. incredible amount of ink. the epson ecotank. just fill and chill.

stuart: big board still show as very nice gain. up nearly 150 point on the dow, 28,022. now the supreme court declined to review the case of adnan sayed. his murder conviction was focus of a popular serial. ashley: supreme court will not review the case, murder conviction. it has been in the news because of the podcast. supreme court said he was accused strangling to death a

classmate he dated. a 17-year-old and accused of burying her body in a baltimore park. there were issues during the podcast they should have another look at the case. supreme court says no. stuart: so his conviction stands? ashley: yes. stuart: got it. now this. new england veterans alliance usa, got it a veterans support group that embraces marijuana. they believe veterans growing their own weed can be therapeutic. i have the founder of the group with me to tell his story. i have retired army veteran sean riordan here. sean is the gentleman on right in blue. i think i have got that right. you tell me please, sean, marijuana, real marijuana, the stuff that gets you high, you say that saved your life? tell me. >> yes, absolutely. my experience coming home from the military has been very difficult. i've gone through a lot of

therapy and pharmaceuticals and i just find the best relief that i get is from can that is b it gives me a sense of community in the comradery and just, overall genuinely improves my life on a daily basis. stuart: derek, let me turn to you. you're running a group which uses the cultivation of marijuana, real marijuana, thc stuff, as being therapeutic to veterans of the have you got a business going with this? >> it's a non-profit. it is not a business at the moment but something that we would like to work towards in the future where we can get veterans cultivating and providing jobs and moving them into the industry. the non-profit focuses on community-based organization of other veterans supporting each other through alternative means of, mostly through cannabis but cannabis is the catalyst that really gets us out of a isolated state and brings us out of our

houses, our homes, take us to a new position where we come in and we try to link veterans to a whole new meaning of life, giving them a purpose by helping them find access to other alternatives such as like carpentry, automotive, photography. so we want to link them to things that they will enjoy and something, things that they will find a purpose in. stuart: shaun, let me get back to shaun for a second. real thc, stuff gets you high helped you. could you not get the same effect from cbd? >> i tend to use both and i feel like i have different benefits from both. you know, obviously a lot of people have their own opinions how things affect them. i just know in my own experience i have literally went at treatment every which way possible. i have taken every suggestion given to me by, you know very

smart people and you know, i just find that in my experience cannabis, thc, and cbd all just really helps alleviate a lot of my ptsd symptoms, especially, you know with the insomnia, things like that. stuart: for the benefit of our viewers, would you tell us, shawn, how often do you use thc? do you smoke it, vape it, how do you do it? >> i do all of the above and it's as-needed basis. you know what i mean? kind of depending how i'm feeling that day. how my night was the night before. you know, maybe if i had nightmares or night terrors the night before or, you know, if i'm getting hyper vigilant in another situation, all depends which way i want to medicate, how long i want it to last, what effect i want it to have on me for any particular reason.

stuart: shawn, derek, thank you for coming on the show. we spent a lot of our time talking about cbd. we're very interested talking about the other side of the marijuana coin. you did it thor us. we appreciate that. thank you for joining us. we appreciate it. >> great, thank you. stuart: as we've been telling you all morning, mike bloomberg has thrown his hat into the 2020 ring officially. in our next hour i will talk to bloomberg's pollster, doug schoen. i will ask him, how will bloomberg get middle america's vote? good question. apple expected to deliver 60 million of the new airpods this calendar year? that's huge. next hour we'll talk to apple watcher gene munster about that. he says the stock is going to $350 a share. mark that number. next, new headline in the "washington post." support for trump in the impeachment inquiry is hardening. that is support for trump. next i ask gop congressman, tom

reed. will any gop member in congress jump ship and vote for impeachment? we'll see how rock solid the gop is. ♪ the 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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stuart: check out this headline. bear in mine it is from "the washington post," a trump-hating organization. here it says, trump's gop support hardens despite damning impeachment testimony. bear that in mind, "washington post." gop congressman tom reed joins us now, republican, new york state. look at the house for a second, house of representatives. do you know of any republican which will now vote for the impeachment of the president? >> stuart, what i'm hearing is no. i don't see the movement in any way on the republican side. the movement i am picking up on is i see democratic members that are coming out potentially against impeachment in the private conversations i've been having. i would keep an eye out there. i think what they're recognizing, stuart, impeachment is a historic event. to remove a duly-elected president of the united states for the first time in our history, you better have clear and convincing evidence that i don't see here. many of my colleagues agree is

not here. stuart: after all the hearings i don't see many people really convinced he has just got to go. on the basis of that phone call, he has got to be taken out out f the oval office. i don't see it. how about the gnat side, any senate members waivering there, at all, republican members? >> i'm not picking up on it. obviously i think many of them are waiting to see what happens with the trial that goes over to the senate but i think, most of them see it exactly as we see it. you know, when you talk about impeachment, you turn your back on the american people, you know we in d.c. know better, so we'll remove a duly-elected president, that is a very dangerous slope to go down. i just think most of the people in america, people in the middle haven't made up their mind one way or the other, leave the election up to us as the american people. maybe you should focus in congress focusing getting things done impact people's lives in a positive way like the u.s.

mexico canada trade agreement. stuart: in "washington post," impeachment is moving towards trump, benefiting him. thank you for being with us. >> happy thanksgiving, stuart. stuart: same to you. we'll be back after this. ♪ ♪ ♪ ♪ most people think of verizon as a reliable phone company. (woman) but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. virtualize their operations. (woman) and build ai customer experiences. we also keep them ready for the next big opportunity.

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only healthmarkets has the free fitscore call the number on your screen before the deadline call this number now stuart: you know, the signs of prosperity are everywhere. the money is flowing, the economy is humming, people are spending. there's a real good vibe out there. you can actually feel this prosperity. which makes the left's talking points so weak. we are told that working families have to do two or three jobs just to make ends meet. we are told the economy isn't working for everyone. and we are force-fed the big scare, oh, we've only got a few years left before climate change gets us. they seem disappointed by prosperity. they pinned their hopes on a recession and the more voters ignore the climate issue, the more they pile on the climate scare. it's the desperation of people who have lost touch with

everyday america. they should get out more. they should look at the $127 million that "frozen 2" brought in just this weekend. they should look at the 60 million airpods that apple will sell this year, many of them $249 a pop. they should look at the sales gains of the big retailers, walmart and target. the stunning performance of amazon as it heads to the online selling season to end all online selling seasons. these are just small examples of the everyday impact of prosperity. the democrats expect us to ignore all of this, ignore full employment, rising wages, cheap gas, low mortgage rates. the american-made streaming revolution, et cetera, et cetera. ignore it all and just impeach him. ignore it all and vote for economy-crushing tax hikes and the fantasy land that economics of the green new deal. what a miserable and negative view of america. quit the whining and worrying.

it's thanksgiving week. we are prosperous again. time to celebrate, yes, celebrate a unique american holiday. the third hour of "varney & company" is about to begin. stuart: you know, i think i'm losing my touch. i failed to inspire my company people here. they are just rubbing their eyes and yawning after that, a rant like that. how could you? how will charles payne react, i want to know? host of "making money with charles payne." come on, the economy, we are in prosperity. charles: we are in prosperity. i agree 1,000% but it's probably worse than what you just read there, though. that was just, i was going through some data this weekend and a piece came out in the consumer sentiment report. we got to make charts of this because it's hard to explain. they look at all these different presidencies and we asked how is the economy doing, the

difference between republicans and democrats. obviously when a republican is in office, the republicans feel better. the gulf has never been like this, though, ever in the history of this country. it is mind-boggling. stuart: between what? charles: between perceptions, you say consumer sentiment, consumer sentiment, this amount of republicans say it's great, this amount of democrats say it's bad. it's never been this way. it's mind-boggling. if this goes beyond common sense, it goes beyond -- it goes beyond rational thinking. i've got a job, i just got a raise but the economy sucks. the gulf has never, i mean, to the point where you wonder if we were ever, if it was ever a little bit better, where we could be as a country because we all know to a degree, economic success is self-fulfilling. it's hard to do extraordinarily well if you don't believe you are going to do extraordinarily well. stuart: the consumer, that vast bulk of people, they are the ones who are doing particularly

well. they are the ones who are leading. charles: that's the irony. in reality, these same folks who say it's not doing well, did get a raise, do have a good job and did buy a new house or new car. they are participating in the economy but they are saying it's not going well enough. maybe the things they may have to do to really help move the need needle, they're not going to do. it's a scary time. stuart: look at this purchase of tiffany by lvmh. $16 billion. i can see some people turning around saying the rich are doing just fine, the luxury folks are doing just fine, what about us, what about us. charles: the difference, though, january 2016, louis vuitton stock was $145 a share. it's $400 a share. in just that short amount of time. that's not just rich folks. i go into louis stores. i go in there. i see people who are shopping in there. these are the same people that will tell a surveyor that the economy sucks. everyone's got -- i don't know a

single woman that ever put back a louis bag. if you go back 15, 12 years ago, it was about having a coach bag. a few years after that, it was a kors bag. now everyone believes a vuitton bag is attainable. if you've got a job, i don't know that we have ever been at the height of materialism and celebrityism we are right now and also, the belief you should own it right now. many people believe they should own it right now and are going out and buying it. stuart: fascinating. you really do your homework. charles: i really do. stuart: now then, we've got an op-ed in "the washington post" and it talks about overworking, the more you work, the more you are connected to your job and actually, the more you work, the more connected you are, the more money you make. so is that legit, you think? charles: i think workaholics are extraordinarily successful and i think a lot of them are not driven by money, though.

i think, you know, because some of this you could juxtapose against data that more people are working two jobs for economic reasons, the gig economy, but i think a lot of workaholics want to be super achievers and the extra money that you make comes along with it, but you know, as a workaholic, i went ten years without a vacation. i didn't even notice it. i did not notice it until my family demanded we go on a vacation. i was like -- i didn't even know. stuart: you enjoy it? charles: the vacation? stuart: yes. charles: i missed the job. vacations are cute but they end. that's the part i don't like. what do you mean, we got to get back in line and get on the plane, oh, golly. i should have stayed home the first time. stuart: charles, i will be watching you at 2:00 this afternoon. let's never forget that. "making money." charles payne. apple and microsoft, we cover those two stocks a lot for

good reason. both companies are worth more than $1 trillion. their financial performance is just outpaced the rest of the market. we have put apple and microsoft together whand what have we got? ashley: market value of more than $2.3 trillion. they literally tower over much of the market. how much? "wall street journal" puts some numbers together that says apple and microsoft together are twice, twice as large as the entire energy group of the s&p 500. stuart: good lord. ashley: another number for you. combined, bigger than the market size of all the companies in the russell 2000. stuart: so those two are worth more than 2,000? ashley: correct. so they have a huge impact on the market moves. i think apple is up 66% this year, 47% for microsoft. pretty darned impressive. stuart: it sure is. we are very happy. good stuff. thank you. uber.

it was down 3%, 4%. now it's down just a fraction, 26 cents. its license to operate in london was not renewed. a little later on the program we have luke venture's gene munster talking about the stock price in light of what's going on over there. he's also going to cover tesla for us. that stock is up four bucks today. they've got -- they took in 200,000 reservations for that new electric truck. we will discuss that as well. michael bloomberg, billionaire, yeah, running for the presidency. i say he's throwing a monkey wrench into the democrat party. how will middle america react to his position on guns or climate change? we will ask doug schoen in just a moment. quick look at capitol hill. impeachment proceedings have a break this week, it's thanksgiving. i say it's just frankly exhausting. some independent voters are feeling pretty much the same way. i will get pete hegseth's reaction as well. this is the third hour of "varney & company" just rolling

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has elsa seemed weird to you? >> she seems like elsa. >> there's boyce. >> what does that mean? head for the cliffs! >> i've got you. stuart: it really was a huge weekend for disney. "frozen 2" came out, made a ton of money. what was it? $127 million? deirdre: $127 million domestic only, record-breaking global, though. i want to underline this number. $350 million worldwide launch. that broke records for a cartoon. i'm sure there's more elevated term. but disney is meant to do well with this.

this is not even counting, of course, thanksgiving when a lot of people will have family and a lot of people friday, saturday will want to take their kids or grandkids to see something kind of fun. stuart: i'm looking towards christmas, new year, the holiday season. looks like disney's got a firm lock on it because what is it, this baby yoda stuff is coming out? deirdre: they are going to have toys, i mean, this list is long but amazon, target, kohl's, macy's, hot topic, box lunch, bunch of other ones we don't know, will have this gear, this baby yoda gear. there are already two tee shirts on amazon if you want to buy them now. essentially this is where disney makes so much of their money from merchandising. you watch on the big screen, you are watching streaming on your phone or tablet, wearing the gear, giving toys, they are covering a lost differet of dif parts of the consumer. stuart: that's why the stock is close the a record high. thank you, deirdre. a new poll shows independent voter support for impeachment actually declining. 45% wanted to impeach and get

him out of office in october. it's 42% now. not a big difference but it's moving in a certain direction. look who's here. "fox & friends weekend" host pete hegseth. i think this impeachment stuff is getting old. i don't think they made their case to get him out of office. >> it was supposed to go up and supposed to go up quickly. they held the gavel and tv cameras and it went down instead. okay. think about the mueller thing, the mueller report. they wrote the book, the book wasn't very good, so they tried the movie with bob mueller. in testimony. and the movie was worse, right? in this case, they didn't even take the time to write the book. they just went straight to the movie. turns out they didn't have the plot all figured out and once the movie unfolded before the american people, they said well, this sounds like a debate about ukrainian foreign policy which might be good for the foreign affairs subcommittee but you are trying to impeach a president. doesn't add up to me based on hearsay. you can't -- you look at the 2020 democrats, you look at

numbers like this, this is really bad news for them. stuart: talk about hong kong, because they held a dramatic election sunday. the pro-democracy people won hands down. seems to me that puts xi jinping, the chinese leader, in a real corner here but gives leverage to president trump. >> the reason this is -- absolutely it does. the reason why this is so significant, xi jinping cannot allow protesters like this to succeed in hong kong. it's precarious for his grip on china. so these protesters sustaining it the way they have, winning an election, what a demonstration of freedom. god bless these folks going out there, doing this. it's amazing. but ultimately you're right. if he's tenuous there, it gives trump more opportunities to leverage what he wants in this trade deal. stuart: i just wanted to get it in, the tide is turning on impeachment, i think it's turning towards the president and in terms of hong kong, china and china trade, i think it's turning towards president trump. >> our economy keeps booming, as you report so well here. which strengthens his hand even more. stuart: by the way, hegseth,

bitcoin at a six-month low just the other day, dropped below $7,000 a share. do you think i should buy some? >> actually, while you were talking, i just bought more right now. stuart: did you? >> i did. stuart: why? why? >> the reason it's going down is the reason i love it. part of the reason it's going down, first, a strong economy so people are investing in the stock market. second, china just announced it's cracking down on crypto transactions and currencies which is precisely why i love cryptocurrency. it's meant to transcend powerful governments who want to put their thumb on people, who want to operate and transact more freely across the globe. it's still up year to date 85% so it's still got massive upside if you invested like i did at the beginning of this year. you can't write it off. stuart: whenever you use my first name, i know i'm in trouble. >> forgive me. stuart: you're forgiven. you're all right. come see us any time. thank you, sir.

the former facebook employee credited with playing a big role in president trump's 2016 win is switching sides, going to the other side. ashley: he is. 28-year-old, his name is james barnes. he was imbedded with the trump campaign in 2016. he was singled out by the trump administration at that point, they called him an mvp saying he just did a tremendous job in how to get at targeted to particular groups ahead of the election. well, as a result of that experience, he's left facebook, was a registered republican, has become a registered democrat and is now working for a progressive company on the other side of the equation. what this really does, this whole story is very interesting. basically how facebook had an impact in 2016 in many different ways and how can they not become and be used by malicious entities in 2020.

because spending online which social media platforms is going to be the battleground. close to $3 billion will be spent alone. so the question is, how do you make sure that the integrity is maintained by not putting in false and misleading information. stuart: very difficult. the spending is $3 billion, it puts facebook at $200 a share. if they don't change their business model, stock goes up. ebay have announced they are selling stub hub. the market kind of likes it, it's up 1%. fed ex expecting a record cyber-monday. they plan to ship more than 33 million packages on monday alone. the stock's up, $159 is the price on fed ex. mcdonald's, they are settling a $26 million labor dispute over allegations they underpaid some of their staff. the stock still depressed at $192. taylor swift won big last night at the american music

awards, including artist of the year. while she didn't specifically mention manager scooter braun, she had a little trick up her sleeve. we will show you that one. "saturday night live" taking the 2020 democrats to task. debate-themed opening sketch. even though mike bloomberg wasn't onstage last week, they found a way to take a few jabs at him. we will play you the clips, next. ♪ (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.

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and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ did somebody say billionaire? [ cheers and applause ] >> no! mayor bloomberg, how did you get in here? >> i tipped the doorman $30 milli million. >> does this mean you're officially running for president? >> oh, i don't know. maybe. maybe not. i would be hard to beat. i would like to see those trump supporters come up with a conspiracy theory about a jewish billionaire with his own media company. good luck making that stick. stuart: that was good. hey, that was funny. they brought humor back to

"saturday night live." deirdre: they sure did. that's a great point. honestly, every single actor in that sketch, it was a 12-minute long piece, i was howling out loud. ashley: what i love about it, there's so much fodder here, it was always bash trump, bash trump, bash trump. now it's being spread out equally and everybody is fair game which is terrific. deirdre: wait. honestly, for anybody who hasn't seen it -- [ speaking simultaneously ] stuart: taylor swift did real well at the american music awards last night. of course, she took a shot at scooter braun over her old songs. let me see if i've got this right. hold on. taylor swift in her early days came out with some great music and sold it, essentially sold it to people with a lot of money. then she had the opportunity to buy back those old songs but didn't do it, and now she's complaining because somebody took a risk on her old songs and

made a lot of money out of it. deirdre: it's more complicated from an emotional point of view, meaning she doesn't like the people who ended up with her former label. i think there's a personality conflict in there. but to your point, to me there's two stories about this. her music, she rocked it, she broke michael jackson's records so as far as her musical career, i mean, top of the top but yes, as you pointed out earlier with one of your guests, the image of investing, the purpose of investing for private equity is, you know, they have ten artists, they invest in all ten, one or two end up like taylor swift making gobs of money. the others usually break even or lose money. so from an investor's point of view, they were just doing their job. stuart: yep. i'm sorry, i'm with the private equity people. sorry about that. all right. thanks, deirdre. next one, the shatter heard around the world. the shatter heard round the world. trying to read this right. the glass breaking on elon musk's cyber truck. the clip went all over the place. now, musk has over 200,000

reservations for the truck on his hands. i have a tesla watcher with us. i want to know if this gaffe, i guess i will call it a gaffe, is that more genius than anything else? could be. deirdre: a lot of people say his marketing game is spot-on. stuart: it is. michael bloomberg threw his hat into the 2020 ring. i think he might have an uphill battle when it comes to winning over middle america. doug schoen joins me in a moment, a bloomberg pollster. how well middle america reacts to that man's position on guns and climate, we will certainly ask him. ♪

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stuart: the rally, ladies and gentlemen, is holding. we are right at 28,000 for the dow. at the moment we are up 123 points. by the way, it's a rally across the board. s&p, nasdaq, all of them higher. i've got news for you on usmca. the new nafta. edward lawrence, is this something to do with mexico's president being in favor of it now? reporter: not just in favor, he had a news conference today saying that he's sending another letter to house speaker nancy pelosi, this will be his second letter this month, reassuring her that protections inside

usmca for workers are adequate. the mexican president says he is confident that there will be ratification vote on usmca in the house soon. the canadians told me last week their deputy prime minister spoke with the house ways and means committee chairman as well as u.s. trade representative robert lighthizer to get this deal closed. last week house speaker nancy pelosi alluded to the fact a vote may slip into next year. she says there may have to be renegotiations with canada and mexico to get enforcement actually inside an agreement, but now it has been more than a year since the world leaders actually signed the usmca deal. mexico has already ratified it. they don't want to go back. the u.s. trade sources or canadian trade sources are telling me that canada has signaled they would finish their ratification process as soon as the house voted on -- to schedule a vote for the usmca ratification. so yeah, going forward, the mexican president now pushing again, saying he believes soon this can be finished. stuart: that could be one of the

positive factors moving the market up just a little bit this morning. edward lawrence, thank you very much indeed. now, there's a lot of good news coming at us on apple. the airpods are selling very well, strong iphone sales, they are still doing pretty well. want to bring in gene munster, who follows apple very very close closely. the stock right now, gene, is $264. where do you think it's going? >> stuart, i think a fair valuation, a starting point is $350. that may seem like a deviation outside of where many analysts are, but i want to quickly justify why i think that's fair. i think there's potentially upside to that as well. i believe that what's going around on the airpods phenomenon, it's essentially growing 120% this year, 120% last year, is representative of a company that's basically capturing other parts of our digital life. think of this as a consumer staple tech company.

therefore, i think it should have a similar multiple as coca-cola or procter & gamble. those two other companies aren't growing as fast, but the simple take-away is this. if you apply a consumer staple multiple to apple, that justifies this $350 price target. we are inching our way there. it takes time for investors ultimately to adopt these views but that's where i think we are going in the next year. stuart: i just want to repeat, gene munster thinks it hits $350 a share on your screens right now, it's $264. okay. leave it at that. going to move on. tesla. they made headlines after that shatterproof glass wasn't shatterproof. we got that. now that we find out that they are taking in, what, 200,000 not preorders, it's reservations for this new car, this truck, by the way, but it only costs a hundred bucks to make a reservation. that doesn't sound like a strong impetus towards sales for this tesla vehicle. what do you think?

>> we definitely need to adjust that number. that 200,000 number is more potent than the reality because it's just $100. that compares to the model 3 when that was announced, they had 450,000 reservations but those were at $5,000 apiece. this 200,000 number is very different. the simple take-away is that when you think about this car, the potential in the market, this is a strong sign that there is a level of interest, there's an intent to buy. ultimately this product is probably going to be about 5% of overall tesla sales. so that is incremental positive. it is not a home run product but it is something that is -- since they're not in that current segment today, they don't have a pickup today, this will be again incremental. i think this is a good step forward but you need to be cautious in terms of how you think about that 200,000 number. stuart: gangbusters for apple, a reasonably good step for tesla.

now talk about uber. i'm sure you have seen the news, london license was not renewed. the stock went down to $29 a share. what's your outlook for uber? >> i think it's going to be a tough year for the company. not just because of what's going on with london. this is a perfect example of why lyft is a better play versus uber. uber's navigating these international licensing topics that simply lyft doesn't have to do. to answer your question, i think when you take that into factor, how they expand international business, on top of that they have eats, freight and potentially there could be some changes in terms of how they compensate their employees here in the u.s., i think that sets up for a difficult stock over the next year. i think lyft, on the other hand, is better positioned with its focus just with the u.s. stuart: if i wanted to buy into the ride sharing business, gene munster says better to get into lyft than uber. that's it?

>> yeah. that's it. it's straightforward. their focus, there is going to be a massive change in terms of how people move around in the next decade. the bigger companies are going to capture a lot of that value. i think ultimately, lyft, given its focus, is a much better play. stuart: short, sharp, to the point. just the way we love it. thanks very much, sir. now, we keep saying this, but it's very important in politics. former new york city mayor michael bloomberg is in the race. so i'm bringing in doug schoen, sitting next to me now. he is a bloomberg pollster. good morning, doug. >> thank you, stuart. stuart: congratulations. you have a nice gig right there. >> i worked for the mayor for 20 years, over 20 years, so i'm pleased and proud to be part of his campaign team. stuart: to me, the point i'm raising here is that he has just absolutely split the democrat party right down the middle. even worse chaos now. >> there was certainly a division in the party before he got in the race. i think he sees instability,

biden going down in new hampshire and iowa, mayor pete coming up, elizabeth warren having gone up and now started to come back down, given the cost issues with medicare for all. i think the mayor sees instability and sees a real chance to go forward. stuart: can he win primaries in the industrial midwest or the south, for example? he's got a position against guns. i can broadly speaking say that. he's got a position that he wants climate action. do you win in the midwest, the south, maybe florida, with those kind of policies? >> well, first of all, in the democratic primary, i think those are good positions for the whole party. stuart: the socialists are not going to like him. warren and sanders, you know? >> well, i don't think those are mayor bloomberg's core constituency but i would say his experience -- stuart: it will be, though. >> -- as a business leader, mayor and philanthropist who has done an enormous amount of good

on health care, on guns, on climate and education, he has an appeal across the board. stuart: okay. look, you may or may not agree with this but i think it opens the door to a trump win for a second term. >> what i would say is the party will have to come together after mayor bloomberg or someone else is nominated. the president is now at a 40% approval and while i believe given a strong economy, he will punch above his weight, so to speak, i do think that he remains vulnerable and the polling now shows that weakness. stuart: that was a diplomatic answer and you know it. >> i try to always be diplomatic. stuart: you're all right. see you soon. now this. just watch this, really. go ahead. look at this. that is bernie sanders getting a groove on, so to speak, in new hampshire. he looks happy. deirdre: he looks delighted. i would say, you know, he had this health scare back in october, had an emergency

procedure following a heart attack so just human to human, you have to say we're glad he's enjoying himself, whether or not you choose to vote for him is your own business. but it was at a labor solidarity dinner in manchester, new hampshire. stuart: he's smiling. deirdre: he actually tweeted, having the time of my life. i know there were some abba songs played. we have it on correct sourcing saying he had played abba at his wedding. there he is cutting a rug. stuart: he went to the soviet union for his honeymoon. ashley: this is to show he's vibrant, happy and alive and well. also a campaign message. stuart: good politics. how many times have you seen bernie sanders smile and laugh it up? never happens. ashley: never. stuart: look at nvidia. this chip maker, nice gain again. morgan stanley upgraded the stock to overweight, that means they kind of like it, and the stock is up 4.5%, back to $220 on nvidia. classic ivy league football

match, harvard versus yale interrupted by climate change protesters. look at that, happened right at halftime. it took almost an hour to get them off the field. we've got lou holtz, college football hall of fame guy, i want his take on that. keep it here, please. ♪ i'm your 70lb st. bernard puppy, and my lack of impulse control, is about to become your problem. ahh no, come on. i saw you eating poop earlier. hey! my focus is on the road, and that's saving me cash with drivewise. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me. sorry! he's a baby! this is the epson no more buying cartridges..

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preserve your portfolio, and so much more. look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be a part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better. stuart: big game, that would be harvard versus yale this weekend. the second half was delayed because of a student climate protest. they simply invaded the field and stopped the game. this is a good opportunity to bring in legendary football coach lou holtz. i know you saw what happened there at the big game. what's your reaction to it? >> i thought it was absurd for them to interrupt the game. they came out on the field after the band got done playing.

let's remember this. this was for the ivy league championship. and they don't have lights there. by delaying the game, it ended up being four hours, 40 minutes. they almost had to finish it in dark. here's the amazing thing. everybody's talking about this idiot. they should be talking about the great game. yale is down by 17 in the fourth quarter and they scored two touchdowns in 88 seconds, two touchdown passes, they end up winning double overtime. nobody's talking about it. everybody's talking about climate change and you did absolutely nothing to change the situation with the climate. stuart: the trouble is, you are probably going to see this kind of thing again because of all the publicity that the climate protesters generated by stopping the game. it's going to happen again, isn't it? >> it probably will, but the one thing that will help prevent it is 40 some students were arrested. i hope they were put in jail. i hope they were fined, because your right to swing your fist ends where the other guy's nose begins. what gives you the right to come

in and disrupt this game when there are 70,000 people in the stands looking forward to the game? this is a great game. it's a national game. harvard versus yale. stuart: but wait a second. i think you and i are somewhat similar vintage. pretty much very similar. do you often feel people like us, we're not really part of this brave new world? i mean, it's moved away from us. you ever feel that? >> well, absolutely. you know, i'm older than you. my birthday candles cost more than the cake. i remember when they said oh, we're going to have global warming, i mean, global cooling, everything's going to freeze up. then it was global warming. now it's climate change. i don't see much difference from the time i was 10 years of age. it gets warm in the summer, gets cold in the winter. let's remember the earth goes around the sun, so there's going to be times we are going to be warmer or colder depending on where we go around. nobody has convinced me that global warming or everything

they're talking about is going to make it any better. what about china, what about india? they do nothing. yet you want us to get rid of all gas, all coal, everything else and fly by the sunlight? i don't think so. i'm just one of these skeptics but then again, that's just because you and i are the same vintage. i have seen it go through the transition. stuart: it was a good vintage. let's never forget that. okay. now here's another one for you. washington redskins quarterback, i know you have seen this, but let's repeat it. he missed the final play of his first win because he was taking selfies with the fans. now, former redskins quarterback, joe theismann, said this. how do you miss, how do you miss the last snap of a game because you're taking selfies? that's unprofessional and wrong. lou, what would you say? what would you do? how mad would you be if you were coach of that game? >> i would be very mad. i remember when rocket ismail

scored his first touchdown at notre dame. he high-fived everybody in the front row. i called him over and said if you want to be in the stands, go buy a doggone ticket. you want to play, you come back here. you are either a player or a spectator. maybe that's the reason why that he wasn't chosen until the 13th player. he's a very talented individual but let's have our priorities right. this is a team game. you just intercepted a pass, set up the winning touchdown to win. you got to be able to celebrate with your teammates. this is not about you. i feel the same way joe theismann does, only probably a little stronger. stuart: i got the feeling you wouldn't mind getting back into a coaching role. what do you say? >> you know, if i went back into coaching, i would be a better coach than i have ever been before, because with the young millenials today, don't lower the standard but what you say is as important as your tone of voice. your tone of voice is as important as your facial expression. i would say do you guys have any idea how mad i am? you're going to find out on

monday how much you're going to get fined, so you're smiling, but don't lower the standards. let's remember you have an obligation to your teammates. you should be celebrating with them. stuart: that's really good stuff. lou holtz, you are all right, sir. thanks for joining us, as as. s promise. thank you. >> always a pleasure. stuart: yes, sir. check amazon. why not. seeing a nice gain today. it's the monday before black friday. investors eyeing amazon sales. the stock is up 23 bucks. nice gain. 1.3%. got it. look at snap. photo sharing app. got it. they're up. the stock raised to a buy. the stock is up nearly 3%. yes, we are, what, three days from thanksgiving. the white house annual turkey pardon about to get into full swing. the two lucky birds arrived in a fancy hotel in d.c. look at that. we will tell you all about it. americans, well, they are

set to spend some big bucks this holiday season. i bet you never thought thanksgiving would break the bank. it doesn't, actually. but we are going to tell you how much the average one of us is going to spend setting the table this year. now look alive, all the way down sixth avenue. the macy's thanksgiving day parade will march down that avenue just a few days from now. more "varney" after this. ♪ so ...how are you feeling? on a scale of one to five? one to five? it's more like five million. there's everything from happy to extremely happy. there's also angry. i'm really angry clive! actually, really angry. thank you. but what if your business could understand what your customers are feeling... and then do something about it. turn problems into opportunities. thanks drone. customers into fanatics change the whole experience. alright who wants to go again? i do! i do! i have a really good feeling about this.

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cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ stuart: thanksgiving, three days away. a lot of money will be spent. now, how much is the average person going to -- wait, wait, wait. got to define it. we don't get presents at thanksgiving. how much we going to spend on food and travel? deirdre: food and travel per person, $186.05. that is higher and it's really actually the travel that's going up. so on average, $33.49 is the travel, $152.56 is the food bill. but the respondents to this survey say that, you know, there's more and more families that when they host, they go big. so it seems like there's a lot of more extended family or there's a lot more friends included, it's not just a nuclear family and that is part

of what is bringing the cost higher. if you're feeding 30 people, obviously it's more expensive than if you are just feeding eight. stuart: i thought politics would keep a lot of people away from the thanksgiving table. apparently not. maybe the tide is turning. gather together, america. deirdre: maybe people are hungry. stuart: now, oh, the presidential turkeys, well, the turkeys that you have at the white house which will be pardoned for thanksgiving, these -- ashley: living large. stuart: they are at a fancy hotel. is this a trump hotel? ashley: if this were a trump hotel we would be having turkey hearings as impeachment would go on. forget russia. it's all about the turkeys. it's at 1401 pennsylvania avenue. isn't that a great picture? the rooms run from about $450 to $8,000 a night. tomorrow, they will be going to the white house for the pardoning ceremony. then they are going to head to their new home, called gobblers rest at virginia tech. they will have a good rest of

their life. unlike some of their relatives. stuart: wonder if the president will come along and say i'm not pardoning them, i'm eating them. ashley: you would do that. stuart: no, i would not do that. that's asking for trouble, it really is. but one of these days. deirdre: i think you would. i'm with you on that, ash. i totally see you doing it just for a laugh. stuart: let's get serious for a second. this thanksgiving lunch, i don't know whether you have salad, do you serve salad for thanksgiving lunch? maybe some people do. don't eat romaine lettuce from california. what happened? deirdre: well, there is an outbreak of e. coli but the problem is, no common grower or distributor has been identified so it's just enough information to make everybody anxious but not enough to really protect yourselves other than these officials, health officials have been saying if you are not sure where your romaine has been grown, don't eat it. we actually have a map for you. you can see all the places, all the states that are beginning to pull from the shelves. it's not really a joke. e. coli can be quite serious.

if you are a normal sort of he y healthy person, you have an unpleasant week. for pregnant women it can be really damaging or people fighting an underlying condition, it can be deadly. stuart: let's move away from the serious stuff for a second. i was just questioned in my ear by our producer who said well, what time are you eating your meal on thanksgiving? i said thanksgiving lunch. thanksgiving dinner. what time do most people eat? ashley: good question. deirdre: you have football fans in your family, i think that usually -- stuart: i insist on eating 1:00, 2:00. 12 noon? deirdre: that's a little early. stuart: you get out of bed at 2:00 in the morning, you are hungry for your turkey at 12:00 noon. deirdre: it's not thanksgiving breakfast. stuart: i will be up at 2:00 in the morning even on thanksgiving because my body clock won't quit. this is the first five or six hour, yes, everybody has to eat early because of me. that is true. are we close to a commercial break? more "varney" after this, please. ♪ obvious.

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stuart: this could be an economic indicator. a positive one. next year's super bowl ads have already been sold out. >> first time in five years they have been sold out by this time. 5.6 million for a 30 second spot. that was at the high-end of the range there. but your rock star producers have four teams in the mix on betting cards, patriots, ravens, 49ers and packers. stuart: wait a minute you get a discount if not so good teams playing? >> no, you don't. stuart: i didn't think you would. ashley: as member of the fox family very reasonable price to pay since fox has the super bowl. stuart: absolutely. >> it's a bargain. stuart: it's a bargain. ashley: yes. stuart: 49ers and packers played last night.

did the packers win? >> no. the 49ers creamed them. stuart: 49ers are best team around? ashley: they're strong. >> tom brady is still there. showing he might have retire. stuart: that is my commentary. neil, it is yours. david: if it was neil. always great to get your hand you have. i'm david asman in for neil neil cavuto. this is "coast to coast." how might -- mike the situation sorrentino got himself into a big tax situation. he joins me for for exclusive interview. that is coming