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tv   Varney Company  FOX Business  November 26, 2019 9:00am-12:00pm EST

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here. david? cauliflower on a stick, you like it? >> delicious. maria: what do you want to leave viewers with? >> happy holidays. eat well. be thankful, enjoy it. maria: have a great day. "varney & company" begins right now. stu, take it away. if you want, i will bring you a fried turkey leg to the studio. stuart: you are asking me? maria: yes. look. stuart: yeah. can't wait. can't wait. maria: all right. stuart: that was a splendid introduction. good morning to you. thank you very much. good morning, everyone. let's get right at it, shall we? call it a thanksgiving rally, a year end rally, an extended trump rally. you can call it what you like, but you are watching financial history and we have a new number for you. look at this. 11.3 trillion. that's how much the value of all stocks has gone up since the election of donald j. trump in
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2016. that is a gigantic addition to the national wealth. it's thanksgiving week so do yourself a favor. check your 401(k) or your i.r.a. and you will smile. you have done really well. the dow this morning will open maybe 20 points higher, fractional gain for the s&p which was at a new high yesterday, small gain for the nasdaq which also hit a new high on monday. that's the nasdaq. all three, i see green arrows right there this tuesday morning. more positive news on china trade. that helps. goldman sachs says a divided electorate means more stock price gains next year. you know, this is fun. we have picked out what looked to be the big winners of the holidays. here we go. number one, disney. reportedly signing up a million subscribers a day to their streaming service. baby yoda hits the stores soon, expected to be a real big seller. that stock will open at a new high. number two, apple. as we reported, they are expected to sell, what, 60
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million of those airpods this year. the stock keeps hitting record highs. going up again today at the opening bell. number three, amazon. all signs point to this being the online selling season to end all online selling seasons. their sales will hit $80 billion just for the holidays and they're spending tens of billions to get millions of items delivered next day. not bad. logistical genius. it's all about money on the show today. it has to be. stock prices have been going up for 11 straight years. i think that's the longest bull market in history. certainly the longest i can remember. sit back, sit back, everyone, enjoy it. "varney & company" is about to begin. stuart: did i mention christmas winners? look at them again, why don't you. three big names. you know them all. disney, apple, amazon. that's my christmas watch list. that's the show's christmas
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watch list. joining us now, this man, ivan fineseth, sitting next to me. welcome back. one at a time. disney. you agree this is a big winner? >> absolutely. i have been saying that disney plus was going to be a big winner for over a year, and the mandalorian is even better than i thought it would be. that alone is driving a huge amount of subscriptions. the only reason they signed up ten million on the ten day is because the site had some glitches. it could even have been more. stuart: the stock is $151 right now. going higher from here? >> absolutely. stuart: $160? >> easily. stuart: okay. next one, apple. $266 this morning. going up from here? >> yes. for two reasons. huge demand for the iphone 11. huge demand for these new noise-canceling airpods and they are a big component in the index so as money continues to flow into the market, almost 5% of every dollar going into the s&p 500 kind of index goes into
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apple. stuart: is that right? >> yeah. stuart: it just pulls in the money. okay. how about amazon? they're not going to hit a record high because they were above $2,000 a share. are they a winner this christmas season? >> yes. they will benefit from the increase -- first of all, that they are expecting at least a 3.8% to 4.2% year over year gain in holiday sales. i think it will be closer to 5%. stuart: 5%? >> more and more the holidays goes online. stuart: you have agreed with me. disney, apple and amazon, three big winners. stay there, please. more for you in just a moment. let me refer to tesla. elon musk has accepted ford's challenge but what they are going to call them apples to apples truck tug-of-war. ashley: all the hoopla over the cyber truck last week, this video was shown and of course, elon musk goes on twitter saying check that out for the cyber
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truck towing a ford f-150 up a hill. he's bragging about it on twitter. ford comes back, the vice president of the tech division at ford says hey, elon, send us the cyber truck and we will do the apples to apples test for you. musk responded bring it on. people who looked at this video said that's probably only a rear wheel drive ford f-150 so it didn't have all four wheels. anyway, at some point, pay per view, maybe? i don't know. it could be interesting. publicity. stuart: marketing. ashley: yes. stuart: we are all talking about it. we talked about the initial tug-of-war. now we are talking about it again. that's a winner any way you slice it. ivan is still with us. tesla, $335 as of right now. going up from here? what do you think? >> well, it's a hard stock to trade because of the volatility and valuation but elon just continues to do a phenomenal job. the model 3 is doing incredibly well. i have to say the truck was not what i was expecting. i was expecting a more
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traditional maybe modern looking, rugged looking pickup. stuart: wait a minute. more modern looking? >> more modern looking -- not a futuristic truck but modern looking pickup. but the one thing this has done, since the debut on thursday night, everybody's talking about it. everybody keeps talking about tesla, the truck and elon musk. stuart: you prefer disney, apple, amazon to buying tesla. >> yes. stuart: it's not on your christmas wish list? >> well, the car is definitely on. he makes an incredible car. i think any time you see -- when the stock used to pull back into the low 2s it would trade up to the low 3s so on any pullback he continues to surprise. and they have had a profitable quarter last quarter and the production continues to ramp up, and the demand for the cars remain strong. stuart: okay. you have a good thanksgiving. >> you, too. thank you very much. stuart: thank you. now, we had an earnings report this morning from best buy. they reported higher sales. more details? susan: higher sales, also they
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raised their guidance for the full year as well. that implies it's going to be a very strong holiday selling period. that's why shares are up close to 4% in the premarket. you know, they actually outpace the rest of the electronics retailing industry by 5% in their sales. so i think the big question mark for a lot of analysts heading into december 15th is the tariffs. a lot of these mobile phones, laptops, gaming consoles will be tariffed if they are not reeled back with more progress in the u.s./china trade talks. stuart: good point about the christmas season, holiday season. they can go up like that. 4% higher, strong sales. not bad at all. all right, thank you. the white house on lockdown. what's this? blake burman is there. what have you got? reporter: i'm calling you from the phone at my desk here in our white house booth. i don't want to alarm but the white house right now and the capitol complex are on lockdown. what law enforcement sources are telling fox at this point is that an aircraft might have
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violated restricted airspace over washington, d.c. just so our viewers know, aircraft cannot fly above washington, d.c. if you have ever flown into reagan or seen an airplane fly out of reagan, which is just on the virginia side of d.c., you know an airplane goes up and then immediately banks or as it lands, it immediately banks because you cannot fly over washington, cannot fly over the white house. so here we are at the white house right now on lockdown and the capitol on lockdown, though the hill is out for the holiday recess, because of aircraft might have restricted air space here in washington, d.c. this lockdown went down about, don't hold me to this, but about 15, 20 minutes ago, i want to say. so we continue to await as to what exactly the situation is, but we are on lockdown here, and so too is the capitol complex, we are told. stuart: thank you very much indeed. i want to go to edward lawrence. i think you've got some more on this? reporter: yeah, exactly.
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adding to what blake was saying, all federal buildings in washington, d.c. are on lockdown. the u.s. capitol included, as well as the capitol complex, all the senate buildings and all the house buildings are also on lockdown in addition to the white house, because of this unidentified aircraft that came into that restricted airspace, and adding to what blake had said, what happens when you land in reagan, for instance, airport, a national airport, you take off and you have to fly down the river and the pattern was changed after the 9/11 attacks, so the planes always fly in the same direction going up or down, following the river in or out and they are watched very closely obviously by authorities to make sure they don't deviate from that path. so again here, we have an unidentified aircraft that has moved into restricted airspace and out of extreme precaution, they are locking down those buildings. u.s. capitol included as well as the white house. stuart: edward lawrence, blake burman, thank you very much indeed. we've got the news. we will move on and bring you updates of course when something
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merits it. right now, futures point higher across the board. as you know, stock prices are at record high levels. hoor here's my opinion. investors are not worried at all about the president being removed from office. i don't think it's going to happen. investors like that. james freeman, "wall street journal" editorial board guy, is with us now. you agree with that? >> i do. stuart: it's not going to happen. >> i think markets have signaled over the last few months since mid-september when this story broke that it was essentially a non-event. as susan mentioned, a lot of thought about china trade, obviously a lot of focus on what the fed is doing, investors like the rate cuts, but whether it's trump's approval rating or the stock market, the signal since mid-september when this story broke had been don't take the washington noise too seriously. stuart: what about mike bloomberg? i think wall street would like him. i think they would like his entering the race. >> certainly if he can make the case for markets in a democratic
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primary where the anti-market message has been dominating so far, i think that would be very welcome. i think his kind of combination of an embrace of capitalism but social liberalism generally sells well in this city. i think the big asterisk potential asterisk on wall street liking a potential bloomberg presidency is how far, how expensive does his climate plan go. he's talked about he wants to get rid of coal plants by 2030 but he also says he wants to stop new natural gas plants. now, depending if he kind of goes all-in on a multi trillion dollar economy disrupting climate plan, i think that really undercuts the whole premise of his candidacy. i would think a lot of investors hoping he doesn't jump off that ledge. stuart: james freeman, thank you very much indeed. appreciate it. check futures again. we are still up across the board. minor gains for all three
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indicators. dick's sporting goods, yes, it is up. it reported stronger online sales. they are selling a lot more apparel, footwear and have raised their outlook. look at that stock go, up 11%. another retailer doing well. how about this. cashing in on the success of "game of thrones." one operator is starting a cruise of thrones taking fans across europe to key filming locations. that operator is on the show today. and dads are going to be super-selfish this holiday season and plan to spend 70% more on themselves. we will delve into that one. more "varney" after this. no, wait a minute. have we got somebody coming on the set here? maria: celebrated chef david burke, traditional turkey sandwich for a new american
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stuart: the all-clear has been given on capitol hill and the white house. they were on lockdown. now they're not. come on in, edward lawrence, because i want to hear more about the china trade talks. i hear there is a development. tell me what it is. reporter: yeah, just quickly, the capitol is also, the lockdown has been lifted. one law enforcement official saying this possibly could have been a false alarm. more details to come on that. u.s. trade sources confirm another primary level phone conversation. the chinese commerce ministry announcing a short and vital message that the market is liking, saying the two sides discussed how to resolve each other's core concerns and then reached a consensus on how to resolve related issues. china went on to say that the core concerns again were discussed and that the two sides will remain in constant contact.
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this marks the second primary level call in as many weeks, trying to finalize that phase one deal. so good news here, saying they have reached at least a consensus on how to overcome these hurdles. stuart: all right. we will take that good news, even though it is an incremental move that we see very frequently. edward lawrence, thank you very much indeed. now, let's move on. we've got the dow industrials going to open up this morning, pretty much across the board. green arrows is what i'm seeing, all the way across the board. this is tuesday morning. the rally continues. ride shares, look at those two companies. uber and lyft. seattle city council, way out there on the left. they've just approved a new budget and it slaps a 57 cent tax for every ride, is that right? susan: well, 75 cents on every ride because they are already being charged 24 cents extra per ride and an extra 51 cents going into effect on every uber and lyft ride. this is to pay for government
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coffers and government programs, because they estimate they are going to bring in $133 million in revenue each year with this extra 51 cent toll and what they are going to do is use 56 million for streetcar program, 17 million for a driver resolution center. also, they are trying to institute a minimum wage for the drivers but they are not sure how much each driver should make. stuart: them socialists will get you every time, won't they? thank you, susan. our next guest says dads are going to be very generous to themselves this holiday season, planning to spend, what, 70% more on themselves this year. compared to last year. dallas lawrence is with us, with a marketing firm. how do you know that? where do you get that idea from? >> i tell you, the real headline, we do research every year and the real headline, two key points. consumers, despite some of the noise you might be hearing out there, are overwhelmingly
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optimistic this holiday season. 70% believe their own economic situation is going to improve and that's leading 8 out of 10 of them to plan to spend the same or more this holiday season. overall, that's going to lift spending by about 5%, making 2019 the first trillion dollar holiday shopping season we have ever seen. as you mentioned, there are three trends driving that. the first is going to be really the rise and dominance of digital, the second is the emergence of the millenial and the third is dad is going crazy. he feels he's earned it this year. he's going to spend twice as much on himself this year as he did last year. but don't worry, overall he's going to spend actually 50% more than every other shopper on everyone so dad looking to spend about $1250 this year compared to about an average of $850. stuart: why do you think men are so inclined to spend big this year? >> what we are seeing on dads in particular is that the largest increase in spending is on themselves. luckily for their kids, they are
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also number two, they are spending more on everybody across the board, but really, what we are seeing driving this is this strong optimism in the economy. dads are the most optimistic group, 77% believe the economy is going to improve in the next 12 months. they believe their own economic situation has improved already in the last 12 months. that optimistic is really spurring this growth. stuart: dallas, that is really interesting. i didn't want to get sidelined by dads spending more on themselves. the bottom line here is this is a rip-roaring holiday, trillion dollar holiday season. that's a big deal. dallas, thanks for being with us. that was very good information. we appreciate it, sir. thank you. >> you're welcome. stuart: maybe that's why the market's going up again this morning. yeah, look at it go. okay. these are not huge gains by any means but they are green arrows on all three of the indicators. this is a year-end rally. now, not everybody celebrates thanksgiving at home. certainly not. believe it or not, it's the busiest day of the year for cracker barrel. that restaurant chain, they set
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up right outside, that's 48th street and sixth avenue, new york. we will take you right out there to cracker barrel momentarily. their biggest day of the year is thanksgiving? how about that. we'll be right back. (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. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering seven things every medicare supplement should have. it's yours free just for calling the number on your screen. and when you call, a knowledgeable licensed agent-producer can answer any questions you have, and help you choose the plan that's right for you. the call is free, and there's no obligation. you see,
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sleep number 360 smart bed. you can adjust your comforthe on both sides, your sleep number setting. can it help us fall asleep faster? yes, by gently warming your feet. but can it help keep us asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. so you can really promise better sleep. not promise... prove. only at a sleep number store during the ultimate sleep number event, save 50% on the sleep number 360 limited edition smart bed. ends cyber monday. stuart: yeah, just a couple moments ago we were talking
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about cracker barrel, and the fact that thanksgiving day is their busiest, biggest day of the year. can't believe that. lauren simonetti is outside on fox square with the good people from cracker barrel. tell me all about the busiest day. lauren: i can't believe it. you must have a really good turk turkey. how many turkeys do you sell on thanksgiving? >> in the past decade, we have sold four million pounds of turkey and nearly 50 million ounces of turkey gravy. lauren: so it's just busy from the moment you open to the moment you close? >> thanksgiving is cracker barrel's busiest day of the year. lauren: yeah. and you're here in new york city, where you don't have a store, but we've got a little popup store behind me. why are you here? >> absolutely. so cracker barrel, first of all, we are super-excited to be in the city this week. it's our 50th anniversary year and we wanted to share all of the beloved parts of our brand ahead of our debut in the macy's
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thanksgiving day parade. so we brought a tiny store which is behind us to the streets of the big apple because that's the only way that you can have a cracker barrel here. lauren: this is where it's, you know, it's fast-paced and sometimes we can afford that old southern charm, sit back and relax and you have the iconic over here rocking chairs. >> you can play checkers, an old pasttime people don't always do. lauren: you were telling me in your stores people go for the experience. there are no screens. >> there are no screens. we pride ourselves in being a respite kind of for you to come, be comfortable, relax, be cared for like family, enjoy some delicious food and enjoy some time on our front porch rocking in our rockers. lauren: we will do that. happy anniversary, 50 years. stuart, if you want pecan pie there's some back there. i saved you a slice. stuart: you are very kind indeed. i appreciate that. great commercial for cracker barrel. i'm sure they lapped it up. thanks r thanks, everybody. alibaba.
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their stock in hong kong after they just went big public in hong kong, the stock moved up to the tune of -- quite a bit, actually. 6.5%. that's the new york price. susan: right. that's right. stuart: that's what you're looking at. susan: don't forget alibaba outperformed apple, amazon, pretty much everybody else in the past month. you made around 6.5%. that was a stellar debut in hong kong, with the executive vice chairman also owner of the brooklyn nets in attendance. jack ma not there at the bell ringing in hong kong. this is something jack ma envisioned for a long time. he wanted to bring list shares closer to home where people, he says, probably understand the business better. in fact, back in 2014 they wanted to list that recordbreaking new york stock exchange ipo in hong kong but because of the restrictions in dual class shares they chose new york instead. they will raise money, $43 billion in a cash pile so they are going to use this money for acquisitions and to invest in non-profit making businesses. stuart: $43 billion. $43 billion.
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that they should raise that. susan: yeah. i asked about cornerstone investors, who are the main investors in this. they wouldn't tell me who. but you can imagine the biggest wealth funds might be involved. stuart: okay. now we have -- there's an activist investment firm called starboard. there are lots of them but this one in particular have taken a stake in cvs. what are they up to. ashley: that's a good question. they are very much activists. they will go in, they have done this before, have perhaps the company change businesses, recommend they sell off businesses. they did this with ebay, said get rid of stub hub which they just did in the last couple of days. cvs since it took over, since it acquired aetna last year, the shares have been on a bit of a roller coaster. look, walgreens is exploring, we understand, going private which would be the biggest leveraged buyout i think in history, what, $50 billion. why is all this happening? pressure of prices from amazon. getting into the health -- stuart: you are exactly right.
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amazon touches yet another industry. you got it. then there's this one. impossible foods. okay. fake meat people, got that, they're in talks with investors about another round of funding, raising some more money. it could double the value of the company? susan: it could. they are aiming for a valuation of $3 billion to $5 billion so they are looking to raise maybe $300 million to $400 million according to sources, talking to reuters. compare that to beyond meat which right now has a valuation of 4.8 billion and their shares have tripled since their ipo, tripling, where do you find that these days in unicorns in the ipo market? well, okay, so impossible burger might be gearing up for an ipo next year as well, with this new fund raise. stuart: doesn't surprise me. susan: doesn't surprise you. does it surprise you serena williams and katy perry have actually invested in the early round ventures? stuart: that's the news. don't bury that one. that is the news. i find that very interesting indeed. they are gearing up for the opening bell. we will start trading in literally 20 seconds.
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this is going to be a big day. it's a very big week. actually, it's a very big year. do you realize the nasdaq composite is up, what is it, 30% this year, 2019? reminds me of 1999. here we go. we are off and running. the market is open and probably going to open a fraction higher. not a huge gain, not in the early going. we have no clue how we are going to close out this afternoon. right from the get-go, we are up just a tiny fraction. okay. let's not get carried away. lot of green but not that much. the s&p 500, where's that? that is open. it actually did open slightly higher, which would mean it was at an all-time high. it slipped back. now it's up again. got it. got it. now, that is a new high. that's the nasdaq. 8,637, up five points. yet another new high. show me microsoft. i've got a thin sliver. it is at a new high, again,
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$151.56. trumpets. all-time high, sports fans. the producer just said lunch on you. all right. we are going to show you disney, apple and amazon as well. i'm going to call these our christmas watch list. that's a new all-time high for disney. $151.50. apple is pretty close. amazon is not close but all three of them are up and doing very well. watch out, netflix. the mandalorian on disney plus is the most screened show of 2019, beating "stranger things" which i think was on netflix. we will discuss that. disney, $151.51 as we speak. what a stock. joining us today, d.r. barton, susan li, ashley webster. okay. i want to start with you, d.r. looks to me like this is one spectacular year-end rally. is it going to keep going all the way into early next year? >> i do believe so, stuart, for
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several reasons. there's a really good chance we don't just keep going up, that we get a melt up, we get a bigger push up than people are expecting. i think several things could facilitate that. i think what's going on in hong kong is positive because it's taking some uncertainty out now that the protesters will have a voice. i think that will help with trade negotiations. i believe that both sides will put enough icing on that cake even if we don't get the specific deal done, tariffs will push back to get the deal done. stuart: all systems go for the stock market as we approached year end? >> all systems go. there are plenty of things to watch for but right now, none that are sticking out. susan: we had donald trump, president trump announcing a phase one deal back in october 11th. we haven't gotten that closed yet but the s&p 500 has rallied 200 points despite that fact. stuart: despite no phase one yet. susan: no phase one deal announced just yet. that's a 6% gain. i would actually say hong kong
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complicates trade negotiations, don't you think? well, hong kong with the human rights and democracy act is still sitting on the table in the white house to be signed. if he signs it, doesn't that disrespect chinese president xi and will he be agreeing to a trade deal with the u.s. if that happens? >> there's an easy out. he will sign it without big fanfare. that will kind of be without a lot of people in the oval office. just sign it, no cameras. stuart: it's going to get signed. >> when, that's the question. susan: i just think it's very hard for chinese president xi to sell that to china, to be honest. stuart: i don't know why walt disney has been on the screen. susan: we were going to talk about that, sorry. i sidetracked that. stuart: overall market is more important than that. susan: i know you love baby yoda. mandalorian had over 100 million demand expressions. that doesn't necessarily mean subscribers. that has surpassed netflix's
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"stranger things" which had 81 million. let's call it views. i will call it views. how about that. or at least ones where you go on your box and select netflix or "stranger things." it is a big deal. it's eyeballs, recurring revenue if you have programs people want to watch. yes, it's a big deal. stuart: take that, stu. all right. okay. can we get rid of walt? thank you. put tesla up there. elon musk accepts ford's challenge for this apples to alms truck tug-of-war. it's just good publicity. ashley: free publicity. stuart: that's all it is. >> in this case there's no bad publicity because he really staged an unfair fight here. all the original did was prove that their truck was heavier, that the tesla is heavier because it's just a friction battle. so i think what this is going to do is keep the eyeballs on it and keep sales coming in, keep people paying their hundred dollars to say i would like one of those trucks. stuart: but that's easy.
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chuck a hundred dollars down, i've got an option on a new truck. >> it's a little like -- stuart: hey -- >> it's saying i have interest in what you're doing. stuart: okay. okay. okay. i surrender. show me the big board. bottom right-hand corner of the screen. we are actually down -- no, now we're up three points. flat. okay, flat. i'll take that. 28,071. look at that. look at amazon. we are heading towards black friday, of course. they are teaming up with a chinese startup to offer black friday deals. amazon's up 11 bucks. but still shy of $1800 a share. strong hong kong debut for alibaba shares. that was there. the stock is at $189, almost $190. the seattle city council has approved a new tax on uber and lyft rides. uber, though, coming back after that disappointing -- they were knocked out of the london market. stock went down 4% or 5%, all
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the way back up again at $29. i keep thinking i should buy that thing. ashley: i know you do. stuart: not so rosy forecast from dollar tree. feeling the heat from tariffs, perhaps, the stock is down a whopping 15%. that's dollar tree. taking it on the chin. economic indicator, the yield on the ten-year treasury is 1.74%. same as yesterday. no change. the price of gold, still below $1500 an ounce. i am sure. show me. yes, it's $1461. the price of oil, real fast, please, where are we? $58. maybe my gas price is going to go up. dick's sporting goods reported higher profits, better sales. remember, firearms sales are expected to climb this holiday season but i don't think dick's sells firearms any longer, does it? >> they do. they quit selling the assault rifles but they do sell other firearms. stuart: gun sales are expected to go up this holiday season.
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ashley: incredibly so. about 1.2 million were sold in october. 2.4 million background checks in october. by the fbi. these are record high numbers. by the way, the october number was up 10%, almost 11% from a year ago and september before that, up 11% from a year ago. why? part of it, public and political pressure for stricter gun control. stuart: yes. ashley: that's part of it. stuart: when people think there's going to be a crackdown on gun ownership, people want to go out and get gun ownership grandfathered in. happens all the time. let's see now. we have the dow pretty much dead flat. let me be accurate. that's pretty much dead flat. we have seen some retailers do very well. best buy came in very nicely. you like best buy? >> i do like best buy. it's strange because the retails are the haves and the have-nots. we have the mall companies that are getting slammed but best buy is one of the few places you can go and touch all these electronics and look at them, and they keep coming back every
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time we say they're not going to do well. 6% year over year increase in foot traffic, that's double what was expected. that's pretty huge. stuart: that is good. >> yeah. stuart: that's very good. susan: there's an overhang of tariffs. december 15th, a lot of electronic goods, mobile phones, gaming consoles, laptops might be subject to 15% tariff. stuart: the tariffs could be increased on december 15th. we don't know whether they will or will not be. susan: if negotiations go well. don't forget, best buy's earnings last quarter cratered because of concerns over tariffs. that is still the overhang with this company. stuart: overall, we have to say good-bye to d.r. hope you have an excellent thanksgiving. >> happy thanksgiving to you, stuart. stuart: got it. the dow industrials, dead flat. there you go. four points higher. five points higher. 28,071. that's a quick check of stocks this tuesday morning. next one. highways, well, this is a cliche. highways will be jammed with millions of cars traveling for
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thanksgiving in the next few days. ashley: no kidding. stuart: you say that every single year. and it's true, i know it's true. okay. looks like mother nature will make the trip less enjoyable, though. janice dean is going to be with us with a forecast for your thanksgiving travel. i will be driving big-time tomorrow. ashley: really. stuart: i will listen to janice. the president leaves the white house for his new home state, florida. he's going to hold a rally there tonight. florida senator rick scott will be with us later this hour to preview what's going on in florida. on your screens, the book "inside trump's white house, the real story of his presidency." it's the only authorized biography of the president and the author, a frequent guest on the show, has been getting death threats because he wrote it. he will tell us all about that in our next hour. more "varney & company" after this. look, this isn't my first rodeo...
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so you can... retire better. stuart: when i say dead flat, i mean dead flat. we are now down -- no, now we're up -- now we're down. ashley: we can do this for the next two and a half hours. stuart: dead flat. we can agree on that one. thank you for that comment, ash. quite right. speaker pelosi signaling that democrats were quote, within range of a deal with the white house on usmca. joining us, monica crowley. welcome back, monica. this is entirely in the hands of speaker pelosi, and it is entirely political. she will make her judgment not on the basis of it's good or bad for relations and trade. she will make it on the basis of whether it's good or bad for president trump, right? >> isn't that disgraceful, stuart. so this president is delivering
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on his promise to deliver fairer trade for american workers and manufacturers and he's done so by either negotiating or renegotiating trade deals with canada, mexico, usmca as just laid out, but also with japan, south korea and of course, the china trade talks are ongoing. this president is in the process of re-aligning international trade. it is a major achievement. of course, one of the centerpieces of his trade agenda is usmca, which if passed, if speaker pelosi can see past the politics of this, would be a huge win for the american workers, manufacturers, farmers, ranchers, fishermen and businesses. it would deliver, according to the independent international trade commission, hundreds of thousands of new american jobs. this is a win for america, stuart. it's not a win for president trump or any particular political party. it is a win for the united states. frankly, it's disgraceful and a
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little embarrassing that the democrats in congress have not brought this to a vote, when even as of yesterday, the mexican president is calling on speaker pelosi and the democrats to bring this to a vote and get it passed. stuart: i think there are only -- i think it's just seven working days left for congress this year. i mean, is there room for more on impeachment and usmca at the same time, or is the window really rapidly closing here? >> don't forget, stuart, the budget negotiations. stuart: oh, yeah. >> secretary mnuchin is in the middle of those as well. there are a lot of things coming up but this is so singularly important to the united states economy and again, to manufacturers, our agriculture sector, our auto sector, that mrs. pelosi should actually see through the politics of this and make it her priority, not impeachment, not the other political items that are on her agenda that are driving her and her party right now, but to do what is right by the american worker and the country.
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stuart: but there's a lot of electoral college votes in the farm belt and in the manufacturing parts of the midwest and elsewhere. surely speaker pelosi has to be aware of that. >> you know, she is getting an earful from a lot of her members who do want this bill brought to a vote. they do want usmca. in particular, the three dozen or so democrats that are in trump's swing districts but also democrats that represent middle america, the industrial rust belt, where these jobs would hugely benefit them, their families and of course, the country. so mrs. pelosi is hearing from her own members this has bipartisan support. there is no excuse beyond politics which is frankly shameful for the speaker not to call a vote on the usmca. stuart: welcome back, monica. another fine appearance. see you again soon. thank you very much. and this one.
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uber, well, they started out delivering people, then they got into delivering food and now they want to deliver something else. susan, what is it? susan: drugs. prescription drugs. stuart: prescription drugs. thank you. susan: that was a great headline, wasn't it? we know a lot of these tech giants like google, facebook and amazon are trying to get bigger into health. we know amazon also paid $1 billion for pill pack which is also another drug delivery company as well. so uber health has actually been around for the last two years. part of their side ventures. over the past six weeks, according to politico, the head of uber health has been making the rounds across washington, d.c. lobbying to get a license to distribute drugs, prescription drugs. stuart: i keep saying i should buy it. ashley: every day. every day. susan: there's a lot of regulatory overhang, whether it's in london, whether it's the 85 bill in california. just saying. stuart: i want to be in an industry that's really going places all of a sudden.
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susan: okay. how about amazon, apple, i don't know? stuart: i've got there already. tens of millions of us will be traveling for thanksgiving. i need an update on the weather. janice dean is with us, fox news weather center. any problems out there? >> there's a lot of problems out there, my friend. unfortunately, there's going to be delays and cancellations and my best advice is to listen to your local forecast and just know that you could either be delayed or you might be canceled if you are traveling this week. so we have this first storm system and the cold front associated with it across the plains states. we could see the potential for severe storms, including hail, damaging winds, isolated tornadoes cross the mississippi river valley. we've got very heavy snow moving in from the rockies and this is what's going to move across the central u.s. over the next couple of days and give us our first batch of terrible weather. so here are your weather travel delays for wednesday. we could be dealing with the potential for very gusty winds
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and travel problems across the east coast, the great lakes, several systems impacting the west coast. this next storm that moves in is actually going to be perhaps record-breaking, how strong it is, and the winds, hurricane force winds moving into the west coast, and all of this energy is going to keep moving across the country for the next couple of days. if that weren't enough, we could have problems with the balloons for the macy's thanksgiving day parade. here's the criteria. large balloons are grounded if we've got sustained winds of over 23 miles per hour, wind gusts of over 34 miles per hour and right now, the forecast is calling for sustained winds of 15 to 20 miles per hour and gusts of 30, 34 miles per hour. so stuart, they might have to ground those balloons on thursday which is something they don't do, but they have to for safety reasons, and look at the snow that we're getting out west. we could see the potential for heavy rainfall and severe
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storms, not only today but through wednesday and thursday. and then over the weekend, we also have problems heading back home. so my advice, listen to your local forecasters and have another plan. you might have to stay home for thanksgiving dinner. stuart: good heavens. >> or come to your house. stuart: no. >> i know where you live. stuart: you know all about me and people in my house. you know all about that, janice dean. that was a fine update. thank you very much indeed. see you soon. >> see you tomorrow. stuart: see you soon. i'm going to repeat. pretty dead flat market. now we're up 12 points, 28,077 on the dow. six months since the "game of thrones" finale, fans still talking about it. a travel company is going to capitalize on the show's popularity with cruises stopping at sites where some of the scenes were filmed. we will deal with that, next. my neighborhood.
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stuart: i should know that music, i suppose. is it "game of thrones"? attention. "game of thrones" fans. now you can cruise in style with other fans of the show.
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while visiting the locations where some of the shows were filmed. lynnette durobic is with us. welcome to the show. tell me, you have organized a cruise. what's the most iconic location that you will be taking people to? >> i think probably dubrovnik. stuart: that's a beautiful part of the coast. you know it well, i take it? >> i do know it well. my husband is from croatia. stuart: do you have any connection to the show or hbo? are they going to sue you for using the "game of thrones" as the basis of a cruise? >> i think if they sue me, they have to sue a lot of people because a lot of people are making money on "game of thrones" franchise. stuart: that is true. when does the cruise start, how long is it and how much do i have to pay? >> well, we are sailing in september of 2021. there is actually two cruises, one that goes north for eight days and one that goes south for eight days.
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and we are calling it, if you put the cruises back-to-back, it will be the ultimate known world cruise. stuart: have you got any takers so far? >> we actually have a lot of interest. we have people who have put money down on it, so yes. stuart: all right. you've got people who put money down a year in advance? >> two years in advance, almost. stuart: how much have they put down? >> they put down the deposit that we require. we have not opened our reservations up. we will be doing that in january. stuart: could they sell their deposit? say if i figured out okay, i will make some money here, i'm going to sell my reservation for the cruise to ashley webster, who's going to pay me, transfer it to his name, will you allow that? >> no, unfortunately you have to pay for the passenger who is going to be sailing. stuart: okay. look, it's a very interesting idea, terrific piece of niche marketing, and we wish you every success. thanks for being with us. see you soon. thanks very much. thanksgiving, what, two days
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away. that's it. it's inevitable that politics will be discussed at many a dinner table. i think that's inevitable. but would anyone in the lou dobbs family even try to argue politics with lou? i'm going to ask him. he's going to join the show in the 11:00 hour this morning. bernie sanders talking baseball? he's calling the major league greedy for a plan to get rid of some minor league teams, saying it will do major harm to america's pasttime. brian kilmeade will consider that. not too long ago, democrats were unified in their impeachment push but we are starting to see cracks in their wall. that's the focus of my take. the second hour of "varney & company" is next. aetna takes a total approach
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stuart: 10:00 on the east coast right here. i will give you a quick market update. we're gaining a little ground, specifically the dow industrials have reached 28,100. and that is not quite an all-time high. but the other indicators are
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there. s&p 500, the nasdaq, they are at all-time highs. now i'm sort of tap dancing for a few seconds because at precisely 10:00, five seconds away, we get the latest read on consumer confidence and that is important for the market and very important for the economy and for consumers and their buying spree at the end of the year. i see ashley reaching for his pen. what have you got. ashley: great tap dancing by the way. consumer confidence 125.5. doesn't mean anything to anyone. that tells you the numbers are starting to weaken a little bit. 126.3 in september. 125 in october which was flat. now this. you hate me to say this, but it misses expectations. stuart: it hasn't had a direct
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impact on the market. one more read for the real estate folks. this is new home sales. what have we got? susan: dropped in the month of october. we're looking at an annualized sales rate of 133,000 in october. that is lower by .7%. that is better, you like to hear this economist expectations. stuart: you got to get that in. you're killing me. susan: are down from last year which is interesting. prices went down to 316 doll thousand dollars. stuart: if you're selling new homes at rate of 733,000 a year. i call that strong. not super strong but it is not bad. susan: not falling off a cliff. much slower than it has been in the past. despite the fact we had interest rate cuts this year, right? stuart: this is how i'm going to read it. fairly strong consumer confidence staying up there. fairly strong new home sales. not too bad for the real estate business. we could go along with that?
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ashley: yeah. stuart: look at the market. we're up a little bit. it has not had that big of an impact. we have a new high for the dow industrials, 27,110. now this. cracks in the impeachment wall? sure looks like it. some democrats are wavering. michigan democrat brenda lawrence said i must move forward impeachment because this is egregious. on sunday she said she doesn't see the value of taking him out of office. that is a reversal. why did she do a 180 in first couple weeks. look at the polls. the democrats failed to fire up the country. wisconsin, battleground state the middle ground shifted to trump's side. 50% of independents in a marist poll do not want him removed from office. the write something on the wall and representative lawrence has seen it.
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the effort to take him out of the oval office is going to fail. get off the train now and limit the damage. we should also point out that representative lawrence is a big supporter presidential candidate kamala harris. if impeachment reaches the senate there will be a trial and it would take place right around march, right around the all-important california primary. senator harris wants to be in california for that. it is her home state. she doesn't want to be holed up in the united states senate, wasting her time in a failing impeachment drive. hmmm. let's not forget representative lawrence is from michigan, an industrial state. how do michigan voters feel removing from office the president who restored prosperity to the nation's heartland? this is kind of judgment moderates will have to make. 31 democrats from trump-leaning districts are up for re-election. no wonder some are getting cold feet about impeachment.
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personally i would like to see more. let'slet's go to liz peek, my fd and colleague who joins us now. am i right, or am i right? >> you're totally right. it is not just polling. the look at fund-raising. the gop is fund-raising off impeachment like crazy. the democratic national committee has not been able to raise much money at all. their candidate talking about pro-trump districts where there is democrat are panicked. all the ads being put out by gop operatives. the democrats have no money to fire back. they're in trouble. let's not remember, trump's approval rating is going up? what does that tell you? this has been a complete bust. not only has this representative changed her tune, over the weekend adam schiff wobbled. he was asked by jake tapper on cnn, are you going to move towards impeachment? he said, sort of well, hedged his bet. this the man who has been pushing aggressively the impeachment in an unfair basis, turned americans against this
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process. now even he has cold feet. nancy pelosi seems to be waivering. look, they know this has been a complete bust. it is hurting the party. i think, you know, i actually would not be surprised if this representative wasn't teed up by nancy pelosi. nancy pelosi can't go out there and say, oops we made a big mistake. if enough moderates raise their voices she can begin to incorporate their views. stuart: this is fascinating. >> yeah. by the way your thing about the senators, six senators are running for the presidency. they're all going to be holed up in the senate. did they not anticipate this could be a problem for their, number one, their front-runner, joe biden? every time this story comes up we talk about hunter biden. now because the six senators the whole thing is absolutely mind-boggling. stuart: what a bust. >> it is really. it is crazy. stuart: not too early to say that. >> i think so. unless somebody like john bolton comes forward with radically new
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testimony or information. you have to say this is a complete disaster. stuart: let's move on to mike bloomberg. you made that point rather well i would say. he is running in 2020. do you think he has got a shot winning the nomination? >> i think he does for this reason. first of all, because it is not winner-take-all primaries you have many candidates out there who are going to have primaries when they go to the convention next summer. if there is a very good chance they will go to a second vote as a result. to win the primary you have to have majority of the first vote. i don't think anyone gets that. the way it is going now, there will be a bunch of people with delegates. on the second vote you get superdelegates weighing in. mike bloomberg spent over $160 million on democrat candidates and causes over the last several years. there are a lot of due bills out there. when virginia turned blue, it was because of mike bloomberg. when all those virginia statehouse delegates and representatives go to the
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convention as super delegates, they will be owing mike bloomberg. i think there is a very good chance he rounds up all the delegates basically he has helped. not just virginia. across the entire country. remember the state races don't cost millions and millions of dollars. they cost hundreds of thousands. he has been there to provide that. i think a lot of people owe him. they will come around seeing he is the perfect candidate. stuart: i don't think he wins the general. >> no. too many speed bumps. stuart: getting into the whole race is open door for president trump to walk into a second term. that is where i'm coming from. >> i think you're right. i think it is problematic because 40% of the democratic primary elect rot right now is progressive followers of sanders and war en. in 2016 they felt cheated and stayed home. you know this time around they will be felt cheated by a billionaire, 11th richest man in the world, a man presumably they revile coming in
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snatching the election. i think that is tough. the black community is not on board. stuart: that is delicious. >> it is interesting i must say. bloomberg had a better shot in 2016 than in this era. stuart: i'm having fun smiling. hold on. i have more for you in a second. let me deal with a couple interesting items here. first of all, dick's sporting goods, the stock is up nicely, 17%. gerri willis, come in please. why is dick's sporting goods up so much? >> simple blow out earnings for the company today. they handily beat wall street expectations. sales of stores open a year or more were up 6%. that is the highest in six years. one of their important categories, apparel sales. unlike you who wears a suit and tie to work every day, stuart, most americans where athleisure. they sell this. i've been in the stores seeing people buy kids clothes to go back to school in. that is very big category for
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them. another big story, they're reviewing the hunt business. the stock hit a high for the year. look at the chart. pretty good stuff. stuart: that's a nice chart. wish i would have seen that one coming. gerri, thank you very much indeed. overall market moving up a little bit, not bad. new high for the dow. new high for the s&p. new high for the nasdaq. looks like a rally to me. is this on the strength of consumer spending in this particular quarter? let's ask liz peek. you've done very well on politics. why don't you talk about money. that is a great year-end rally. >> looks like estimates going up for fourth quarter spending. why? consumer sentiment. it ticked down slightly. it is still way higher than it was for many years after the financial crisis under president obama. i couldn't help but put that in. secondly we have the wealth effect. people actually spend, there is 82% correlation between s&p activity in the fourth quarter, how it does and spending. huge correlation.
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guess why? everybody feels good about the portfolio. a little open handed as a result. stuart: never thought of that. >> very, very strong. stuart: everybody's 401(k) they're up 30, 40%. maybe i can spend a little bit. >> totally. it's a great feeling. don't go crazy. and you know, also jobs look still extremely strong. incomes are rising. incomes are rising more than the 3% i think that you hear about wages pause people are trading up to better jobs. there is just a lot of good news out there for the average person. i think, the only bad news is, you never hear it from the mainstream media and you don't hear it from democrats running for office but american consumers know they're better off and they will show up this christmas. that was a fine performance. stuart: at that have a terrific thanksgiving. i hope you discuss a lot of politics. >> you can count on it. stuart: liz, thank you. big time, year-end shopping, big
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time, got it. also a time for giving. a lot of donations made over the holidays. we have the ceo of goodwill coming up on this program a little bit later today. >> bernie sanders taking on major league baseball. he slammed the major league baseball planning to cut minor league teams. he had authorized biography of president trump. now he is receiving death threats because of his new book. doug wead, presidential historian next. ♪. imagine traveling hassle-free with your golf clubs.
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(siren blaring) police officer: excuse me, sir. sit tight. yep, sit real tight, speedy. cause you've got to call it in, police officer: radio to dispatch... type it up, hey, dispa... (feedback ringing) deal with that, dispatch. write it up, walk it back, police officer: slow down out there. and call hq-again. (sigh) (siren blaring) this isn't working. introducing samsung mobile first responder solutions. with the galaxy note10, you can get real-time data at the scene, all on one device. samsung business solutions. stuart: well, it's a modest gain. why don't we call it that. it is not flat to low but a modest gain. 28,100. that's where we are pretty much
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across the board. remember the dog that was part of the raid that killed al-baghdadi, honored at the white house. tell me more. ashley: so cute, right? medal and a plaque for conan for the dog. a five-year-old belgian. stuart: conan the destroyer. ashley: he chased al-baghdadi in a tunnel. he touched off his suicide vest. he was reportedly electrocuted. but he is under recovery. what made me laugh the president described him as one tough cookie. he is not retiring. he is prime time age. if you open your mouth, said the president, to reporters, you will be attacked which i thought was funny. stuart: never be another president. ashley: no. stuart: no one will ever relate to the people and the press
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quite like this president, i'm sure of it. what a comment. on a similar note, let me move on to this, the only authorized biography of president trump hits the shelves today. the author has received multiple death threats. here is the author, doug weighed. he wrote the book, "inside trump's white house" the real story of his presidency. welcome to the program. >> thank you for having me. stuart: what did you say in the book that merritts death threats? >> i don't know how they got an advanced copy, would have known, a very elaborate threat, details about my life and my children. stuart: really? >> more followed. so it race very serious thing. i got one last night at the hotel where i was staying. stuart: somebody is tracking you the book is really all about the president and his family. you sat down and talked to them all. you could have moved the curtain aside so we could see them and your judgment was they are good people, nice people? >> wonderful story. it is so interesting.
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when i walked into the oval office to meet the president he didn't reach out and shake my hand or say hi, doug. he said, these are kim jong-un's private correspondence with me. they didn't want you to have it. they didn't want me to let you have it. i'm going to let you read them. you can't have them. you can't photograph them but i'm going to let you read them. that is how it started. stuart: never be another president like this. not be another one like this. but you're over all judgment was they are good people? >> i think they are great people. you look at this president, you can say, it's luck he won the nomination, it's luck he won the presidency, it's luck he could see what no economist in the world could see but him. it's luck that he ended isis so quickly or you can say he's great. i think he is a great president. stuart: now you wrote this headline, let me see if i can get this right, the headline from the website, "town hall,"
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this is the headline you wrote, on this thanksgiving, thanks to a president who has given us peace and prosperity. that is a political statement. that is not a judgment on him the man. that's a judgment on him, his policies and politics? >> it is a historic statement. i looked back 40 years since we've had a president, who hasn't had a active war, a hot war arguably. we'vea, libya, iraq. we have our reasons but for all of the fear that the media tries to engender about donald trump he hasn't invaded anybody. could have venezuela. could still iran. there could be a war. but right now he is a president who has given us peace an prosperity. that is the bold standard historically. stuart: did you sit down with all members of the family? >> yes. stuart: how many hours did you get with the president? >> i got 600 pages of transcripts from the family members, absolutely fascinating
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stuff. unbelievable stuff. stuart: the book is out today? >> it's out today. stuart: so where is my free copy or my gift? just joking, doug. >> i said the first copy myself this morning, steve doocy gave it to me. i have never seen it. stuart: really. doug, a pleasure on the show. best of luck with the book as the holidays approach. doug weighed, everyone. tomorrow the busiest travel day of the year obviously whether by car or air, it is going to be busy. case closed. we'll break it all down for you in just one moment. ♪. shop and my local barber shop. when you shop small you help support your community - from after school programs to the arts! so become a regular, more regularly. because for every dollar you spend at a small business, an average of 67 cents stays in the community.
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stuart: that was very good. get your motor running. yes, sir. let's go straight to chicago's o'hare airport where grady trimble will tell us how many people will be flying this holiday. tell me. >> stuart about 32 million during the 12-day thanksgiving holiday travel season. if you want to know when the busiest time to fly and a u.s. record will be for a single day, that would be the sunday after thanksgiving when three million people will be getting on a plane. if you're flying today, two things to think about. the first thing is the weather. there is nasty wicked weather from the west to the midwest. it is causing delays in denver. it is moving across the country right now. the other thing, there are subcontracted catering employees that provide food and drink for the airline. they are picketing here and 16 other major airports across the country. they're demanding higher pay, better benefits. their plan is not to disrupt travel.
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they want to call attention to their demands. that kicks off here in o'hare in less than an hour. weep keep you posted on that. stuart: grady, thank you very much. we'll come back to you on that. we'll see if there is any disruption at all. grady trimble in the chicago. right, that is the flying side of the holidays. on your screens, the national average for a price of regular gasoline. we're down to $2.58 per gallon. come on in patrick dehaan, gas buddy guy. do you think it is public gas prices would be lower by christmas, a month away? >> that is possibility, stuart. we talk about a potential trade tie between the u.s. and china. that could push oil prices higher, even so demand for gasoline higher this weekend will likely go down with cooler temperatures. you have 75% probability seeing lower gas prices by christmas especially in the west coast. stuart: would that be the lowest price gasoline in couple years? i don't know how it compares
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historically. >> we continue to bounce off the records. look at at least thanksgiving day, we're just about the same price we were last year and 2017 as well. prices have been all over the map but on thanksgiving day we're kind of arriving at the same place. california continues to lead the nation, close to $4. they will see a lot of relief. many other states, stuart, close to what they paid exactly a year ago. stuart: every year aaa come as out with how many people will on the road. they are forecasting a significant increase in holiday traffic this period. are you putting the rise at 7% above last year? >> that is exactly it. you know, stuart, the 7% increase comes as 30% of americans say high gas prices are impacting travel. seems we're complaining a lot about gas prices but sure as heck we're hitting the road. stuart: yes we are. i'm not complaining about gas prices 2.58 national average two days before thanksgiving i think that is cheap, bottom line that
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is cheap to me. patrick as always thanks for being with us. have a great thanksgiving. >> you too as well, stuart. stuart: a new poll, shows, lara trump, president's daughter-in-law would wouldn't a congressional seat on long island, new york's long island. that is what the poll says? is she thinking about running? club for growth conducted the survey. the organization's president joins us next. ♪. does your broker offer more than just free trades? fidelity has zero commissions for online u.s. equity trades and etfs, plus zero minimums to open a brokerage account. with value like this, there are zero reasons to invest anywhere else. fidelity.
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glad you interrupted for me to stop singing. susan, have you heard that before. susan: i have. i realized i know more than five beatles songs. very happy. very happy. stuart: glad to have you sitting there at 10:30 every morning. it's a lovely song, lovely melody. we're two weeks away from the british general election, both sides, boris and socialists -- ashley: comrade corbyn. stuart: comrade corbyn. they are offering a lot of stuff. what are they? ashley: start with labour and mr. corbyn, they are promising to nationalize the rail, the mail, the gas and the electric. stuart: oh, great. ashley: so we've been through that, if you remember in the '70s. they were always on strike. three high-speed broadband for every household in the uk. they will negotiate a new brexit deal. they will hold a referendum on that. give people the option not to leave the eu all together. stuart: he is going to lose. ashley: he is.
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conservatives no hike in income tax, vat or national insurance for the next five years. reduce immigration. get greater control. get brexit done by the end of january. and, negotiate free trade deal with anyone and all including the united states. stuart: he wins. ashley: i think so. stuart: boris wins. ashley: according to the polls, strong lead. stuart: yep. very strong lead. 18-point lead last time. that's big. good. susan: happy? stuart: check that market, why don't you. see a lot of green left-hand side of the screen. dow 15 up a fraction. nasdaq up 10. new highs pretty much across the board. it's a year-end rally. softbank shareholders, whoa, they are not happy with the investment in wework. you know they're not happy with a lot of the invests that they made. they have lost a ton of money in various places. susan: wework they lost 4 1/2 billion dollars. so would say, more than a billion dollars on uber which is still underwater.
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flak not doing well in the ipo market. they invested in a dog wagging app called wag as well. the list goes on and on and on. so a lot of these vision fund holders, softbank holders as well, capital group, tiger global, eastern asset they are worried where he is spending the money at this point. they had 100 billion-dollar vision fund. what is concerned softbank had to loan massa against his shares to invest in the vision fund which hasn't been doing well in recent invests there are concerns where massa is taking the vision fund? what sort of invests? how do you value companies? the fact that you have these founders that are unmitigated in their control and behavior. stuart: yeah. we work, was an absolute disaster. it broke the whole thing wide open. really did. thank you, susan. the club for growth, conducted a poll to see if lara trump could win congressman peter king's congressional seat
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in long island, new york. 53% would vote for her. david macintosh, club for growth president is with us now. so, okay, she has got some support on long island, but she would face a primary challenge against i think rick lazio before we ran in the election, that right? >> that's correct, stuart. and rick was a member from long island before. ran for senate against hillary and lost. but the polls show she does win in that race 53% to 19. almost three to one. stuart: do you want her to run? are you encouraging her to run? why should she take the risk being a member of the trump family, with the trump name, why should she take a risk of losing? >> i don't think she would lose. people on long island really like her. she is smart, vivacious, articulate. next door is aoc.
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i see them two battling it out for intelligent women in the country. my bet would be on lara trump. she would be a fabulous member of congress. stuart: you chucked it on the table. we'll see how that works out. you are a pac. how much money have you spent in ads in support of president trump? >> so we launched the first ads against these freshmen democrats. and have spent, they are digital ads about 200,000. we built a coalition with others. american action network will spend 12 million in the same districts. twice as many actually. i think what you're seeing there, stuart, the republican response, saying democrats have shown there is nothing there to the impeach the president. now the young freshmen members, they promised they wouldn't line up with pelosi. they would be separate. solve the country's problems. now they're lining up, all we will do is impeachment. the ads, our ads basically called them on it. said, call your congresswoman, call your congressman. stop the impeachment.
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go back to solving real problems for the country. stuart: you might have success there we've had some commentary this morning that the impeachment drive is something of a bust. i mean hasn't convinced many people that we should be removing him from office. i know there are some democrats who are really waivering right now on impeachment. is it a bust do you think? >> yes i do. democrats are waivering. independents in the polls fell way off for impeachment. no evidence he did anything wrong. nancy pelosi said there was bribery. there is no evidence of bribery. the only paid was paid to hunter biden. it is clear they don't have a case. the american people understand that, they know impeachment is a big deal. removing a president they elected and there is not the case for it. stuart: just a few months before an election. mind-boggling. david, thank you very much for being with us. >> great to be with you.
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happy thanksgiving. stuart: thank you very much. in germany a major art heist. a number of what are described as priceless artifacts taken. how much and where? ashley: possibly as much as one billion dollars worth of diamonds and other jewels. this happened in the city of dresden in the place called the green vault. a former royal palace. it has been open to the public since 1724 and it actually was a pretty simple heist. they set a fire which created a power failure in the area which knocked out the alarms. they get in, with not a whole lot of finesse, used axes to smash up glasses, you can see there with all the jewels. they ran off. they have yet to be found. we don't know exactly what they took and how much it is worth but it is estimated could be as much as a billion dollars. by the way, one of the most famous treasures in that museum is the 41-carat dresden green diamond. did they get away with it? no. why? because it is currently on loan to the new york city
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metropolitan museum of art. a little bit of luck there. stuart: what a -- start a fire. knock out electricity. alarms don't work. get in there. ashley: through the window. go with axes, pretty basic, really. stuart: that is pretty clever. susan: axes, classically. ashley: the dresden job it will be called. stuart: a low-tech job. president trump heads to broward county, florida. there is a rally there. part of the state he lost to hillary by a wide margin back in 2016. does he have any hope of winning the district he is going to next year? i will ask senator rick scott. he is going to be with us. it is not only the busiest travel time it's a big time of year for retailers, secondhand retailers. the ceo of goodwill joins us next. ♪. i'm your 70lb st. bernard puppy,
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stuart: this is the giving season. so who better to have been at program than the ceo of goodwill? we've got him on the set. he is with me now. steve preston is with us. >> thank you very much. stuart: i was looking notes preparing for this, next tuesday is something called giving tuesday. >> that's right. stuart: i never heard of this before. >> it's a time of year when people think about giving back. it's a terrific opportunity for us. when you bring goodwill your donations, those donations go to great things in your communities. fund workforce development programs. many people looking for jobs come to us to build their job skills. we help them find employment and -- stuart: but i come to you with clothing? >> yes. stuart: household goods? >> yeah. stuart: furniture. that's it. >> that is pretty much, pretty
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much. stuart: i donate it to you. >> you donate it to us. stuart: i walk away with piece of paper saying x value donation. >> exactly. then i sell it. with those fund we provide people support who need jobs. stuart: good. >> yeah. stuart: what is this about the resale economy? >> so increasingly we're finding that shoppers are interested in buying resold goods. accenture came out with annual survey of holiday shopping showed almost 60% of consumers would be interested in getting a resold good for a gift. stuart: why? >> because, for a couple of reasons. the people who are purchasing the goods love treasure hunting, right? so they come into goodwill. find good items and when they get to the register, it's a great value. and so there is a whole kind of experience and value there. the other part of it is, when you buy a re, donate something to good will and resold, it keeps it out of a landfill. resale economy.
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stuart: giving me the climate argument? >> i give you the fact if you have a piece of clothing has much longer useful life, why throw it away. stuart: so i can save the planet with goodwill. >> one element. you can be facetious. stuart: you're my guest. i don't want to do that. >> we believe in it. we collect billions of dollars of merchandise that make their way back into people's households and people's close et cetera and extend their lives as a result. stuart: how many, can i say offices or stores? >> we have 3300 stores. stuart: okay. all over the country? >> all over north america. canada as well. and you can typically go to those stores. very convenient to drop of off the goods, go in the other door to shopping. knowing when you do it, the money goes back to the community to help people in need. stuart: is there a single most popular item you can put your pinger on right now which will be a big, big seller in your
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stores? >> our big seller is really women's apparel. stuart: that is a pretty big category. >> it's a pretty big category but broad category. stuart: narrow it down for me, steve. >> it is across the category, browses, jeans, slacks, those type of things. also accessories, handbags, those are very popular. stuart: you will take it all. >> we take it all turn it into good. stuart: you do great work, steve. >> i appreciate it. stuart: you're a good man, steve. goodwill ceo. much obliged. we're gearing up to spend big for the holidays but susan is telling us we're paying off debt from last year. susan: 48 million americans are paying off debts from last year investment in the holiday season. why? you feel pressure to spend on everybody, your family, friend, relatives. also the coworkers as well. then you also, by the way, the marketers and retailers play on your emotions. so they say, treat yourself,
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treat everybody. one of the advice that they give, nerd wallet, to regift as you mentioned, right? ashley: good luck with stu. stuart: doesn't work with me. doesn't work with me. susan: regifting? stuart: i regift all the time. susan: also research product and prices. make a list, stick to it. skip the cards. be disciplined. stuart: 48 million of us using credit quite properly. ashley: that is different take. susan: how is the economy? we're americans. come on. thanksgiving two days away. of course you talk politics at the dinner table in all probability. coming up we're talking to lou dobbs about that. in my household it is about free speech turkey day. what happens in the dobbs household? that would be intriguing. he is going to tell us. football on everybody's minds. would you believe the ads are sold out for next year's super bowl? that is good because it's on
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fox. i will break that down with brian kilmeade 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. ( ♪ ) ( ♪ ) introducing the marilyn monroe collection of fine jewellery. exclusively at zales, the "diamonds are a girl's best friend" store. rowithout the commission fees and account minimums. so, you can start investing wherever you are -
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stuart: we're up 40 point on the
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dow. quick look at dollar tree. the ceo of that company says they're moving some product imports out of china. not quite sure what that means but the stock is down 14%. another liberal city going after ride-sharing services. seattle approved a new tax on uber and lyft rides. how much is it? susan: 51 cents. currently they're charging 24 cents. they will add another 51. total you pay 75 extra cents per ride. subsidize programs and construction as well. you will like this. they will raise $133 million in revenue each year they say because of the new 51-cent tax. stuart: 51 or 57? susan: 51 cents. i don't know if you notice it on your uber-bills. ashley: susan would notice three cents. susan: to construct a street war program. 70 million for affordable housing that is important, given there is tech firm amazon and
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microsoft pushed that on a lot of residents. stuart: they started a 51 cents. where do they end up a couple years from now? susan: 51 cents. no. there is no ratio. they will do minimum wage. stuart: where are we going? that time, 10:51 precisely eastern time. look who is with us, brian kilmeade, host of, the "brian kilmeade show." i want to talk to you about bernie sanders happy with major league baseball's fans to cut minor league teams. here is the tweet. this has nothing to do with major league baseball but everything to do with greed. it would destroy thousands of local economies. i am urge baseball commissioner manfred to stop the proposal. what do you think? >> lake monsters draws pretty well. if you look at minor leagues, three systems, three elves and rough affiliation with independent minor league teams. it costs a lot of money. my thing is travel too great,
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pay is too low for the players. some don't draw well. maybe we should contract about 20 teams. my feeling is, baseball would be cutting off their nose to spite their face. they should reorganize. that a lot of times that is the connection in iowa, the connection in montana, the connection in places where there is no major league baseball. those are their guys. if you want baseball to be a national sport still, don't cut the local link. stuart: okay, but look, the game is contracting. there are fewer and fewer youngsters, suiting up for baseball minor, not minor leagues, you know, the, there is special name for them -- pop -- >> you mean little league. cal ripken baseball. ashley: pop warner, that kind of stuff? >> pop warner is football. stuart: fewer and fewer people suiting up for it. you have got to contract. you can't keep on expanding if the players are not there? >> i don't think it's a player issue. i think they're trying to get
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ahold of the expense issue and condense the travel issue. my thing is, where football has no minor league football system until the xfl starts, one of the things about baseball watching the players cycle through, even if they have no shot to get through. i worked in the inland empire in california, there was the rancho cucamonga and they love the teams. they were not interested to driving to dodgers stadium. they're looking for 19-year-old, 22-year-old, 27-year-old looking for one shot. they can identify with the teams. i salute bernie sanders for going after it. when he turns around and says i want those players paid more, wait a second. major league baseball has their own payroll. don't go into the payroll to play them more. you're keeping the dream alive. that is enough. stuart: all right. super bowl ads already sold out. i think that the is earliest that happened in about what, five years. the game is on fox.
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i guess we're expecting really big ratings, right? >> it will be in miami. last year was the first time there was a bad game in a long time but miami last time it was there, remember prince played at halftime. it rained. so we'll see if it will be better this time with fox, now that we have rob gronkowski in the mix and seem as little crazy and still a very nice build. i'm curious. baseball, excuse me, football has beaten the doldrums last few years when the president called them out for kneeling, so many others were taking a knee. they i think got on the other side of it now and i sense that people love it. i hate to say it, gambling certains helps too. they love gambling on plays and legally doing it outside of atlantic city. stuart: you can sit in a bar in new jersey with little ipad, watch the game on the bar tv, make a bet on every play that comes along. that is terrific stuff. >> yeah. stuart: you do know real madrid is playing this afternoon at 3:00, you do know that, don't
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you. you will be glued, right? >> you and i happening out in the sports bar, what else is new. it's a tuesday. watching sports, waiting for you in your jeans. not many people know that stuart changes into jeans before he leaves here. for some reason you're afraid to have people see you in a suit outside of the building. why is that? this is all i have. i think i'm with one outfit and living with it. stuart: i'm a man of the people. that is the way i am. i'm not an invest banker from london. denim is my kind of thing. we're out of time that was kind of fun. thanks for joining us. have a great thanksgiving, young man. >> we won't talk about how you dissed me on "fox & friends" this morning. we'll pretend to turn the page on that. stuart: see you later. all right, brian. a couple making $200,000 a year should be able to buy a pretty nice home in a place like minneapolis. people there are renting instead. why? we will tell you.
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president trump heading to broward county, florida, tonight for a keep america great rally. that is a county that he lost to hillary in 2016. will he win it back this year? i will ask florida senator rick scott. he is on our show in the next hour. a lot of people are hesitant to talk politics at thanksgiving. free speech, talk politics all you like. my take next. ♪. (chime) (shaq) magenta? i hate cartridges! not magenta! not magenta. i'm not going back to the store. magenta! cartridges are so... (buzzer) (vo) the epson ecotank. no more cartridges. it comes with an incredible amount of ink that can save you a lot of frustration.
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call today. we'll send you a $10 visa reward card with no obligation to enroll. medicare annual enrollment ends december 7th. (brakes screeching) okay. so, today you're going to leave your phone with a guy named flip. (ding) but it's more than your phone, it's your business, your customer data, your sales figures. and who can forget, those happy hour selfies? not flip. (honking, gasping) this isn't working. introducing samsung business security solutions,
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with knox software. with the galaxy note10, you can remotely wipe data or lock phones, so your business is secure even when your phone isn't. samsung business solutions. even when your phone isn't. 1 in 5 people you meet wear yeah. that many! but right now, is not the time to talk about it. so when you're ready, search 'my denture care'. poligrip and polident. fixed. fresh. and just between us. stuart: every year during the trump presidency, the same old thanksgiving question rolls around. will you talk politics around the dinner table? my answer is the same as it's always been. of course politics will be discussed.
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it's a free speech turkey day at my house and so far, we've not had a temper tantrum, no tears, no storming out. of course, it does help that there's broad agreement around our table that we're thankful to be celebrating prosperous constitutional republic. we are pretty happy with the way things are going in our country. i would suggest that this year, the trump haters maybe getting a little fatigued. they have been stamping their little feet all the way through russia, russia, russia, then obstruction of justice, now impeachment for ukrainian quid pro quo. surely they are getting tired. maybe they are beginning to realize that hatred brings a backlash. the trump haters are not gaining ground. all those hours of turgid impeachment hearings have actually produced some sympathy for the president. okay, he won't be getting much sympathy from the coastal elites but the rest of america, you know, everything between new york and california, i sense a shift in public opinion. all that noise in washington is
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being drowned out by prosperity. we'll be sitting round the dinner table in a full employment economy r, driving wh real cheap gas and spending our rising incomes. doesn't that make for a little more civility? besides, the democrats now have to defend a party that hates billionaires but which may be led by a multi-billionaire and if that's not mike bloomberg it will be a socialist spouting economic nonsense. have fun defending that. trump supporters will have a field day. isn't this fun? instead of playing defense at the thanksgiving table this year, trump supporters can be quietly smug. the tide has turned. trump haters are fading, they are tired, they are fatigued. we will let them be horrified. very quietly. the third hour of "varney & company" continues. stuart: i hope you heard that
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little thanksgiving rant. let's talk money, shall we? the markets are at new highs. more new highs. by the way, quick point. if the dow closes at a record this afternoon, it will be the 100th record high during the trump presidency for the dow industrials. 100 highs during his presidency. not bad, i'd say. by the way, 11.3 trillion has been added to the value of american stocks since mr. trump was elected. let's bring in ron carson, the carson group. you staying in this for the long haul? this is a real genuine year-end rally going higher from here, what do you think? >> yeah. i mean, most people, the market makes new highs, they think this is a tserrible time to get in bt the fact is once the market makes new highs the very next month on an annualized basis the market is up about 9% and you heard me say this so often on your show.
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it's like no one can out-predict what the market's going to do but you can get your [ inaudible ] and that's critical here. you said it, $11 trillion since trump came, you know, became president. things are moving along pretty well. we are starting to see some areas that really haven't contributed to the economy start to contribute. stuart: i believe you picked out and found a bright spot in the housing market. that's important. what's the bright spot? >> the bright spot is -- first of all, housing hasn't contributed to gdp in seven quarters. that changed last quarter, annualized new home sales up 8.4%. you know, that just means we have household formation, household formation means we go out and buy a lot of new stuff. we think housing is actually going to be supportive to the market in 2020 and it's a high quality kind of earnings, especially when we have what we think is real foundation of the economy and that's ultimately housing and the consumer.
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stuart: my list of christmas winners, if i can put it like that, is disney, amazon and apple. those are three companies which i think are winning big at the end of this current year. i believe you also like walmart. make your case as to why walmart should join the other three. >> by the way, love the three you just mentioned but walmart's a little different. first, you get paid a decent dividend yield, around 1.8%. walmart is near an all-time high. but they are really putting a ton of pressure on two and three tier retailers. also, shortened holiday season favors companies like walmart and of course, they are dominating something as boring as groceries. been around a long time, we think they are executing well. we think there's good value in walmart in here. stuart: i want to go back to where we started. that is advice for investors as we approach the very end of the year, the december period. i think some people might be
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worried about buying a stock which has made a series of new highs. what's your advice for investors? >> yeah. you know, here's the fact. this is a hard thing for investors to believe, but stocks that make new highs tend to go higher. stocks that make new lows tend to go lower. what do most people do? they see a bargain, they think it must be a great time to buy, they buy, it continues to fall, they are unhappy. i think right now we have trade, lot of positive news, feels like we are going to get a deal done. so far that's really contracted away from economic growth. we think that gets stabilized next year. i would definitely focus on high quality companies that you can make a business case for regardless of, you know, whether we grow at 2% or 2.5%. you want to get companies that have a value, buying a discount to actual intrinsic value. be surgical but don't be afraid
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of the market. stuart: okay. i'm always terrified of buying a stock that just hit a series of new highs. i will take your advice. >> microsoft. stuart: i'm terrified to buy more. have a great thanksgiving. >> have a nice thanksgiving, stuart. stuart: now then, goldman sachs, they say political gridlock will make stocks move higher, could make stocks go higher, next year, 2020. can you explain their reasoning here? deirdre: yes, i love the title of the note which says "united we fall, divided we rise." the idea here is you can't pass new regulation or just put it this way, it's difficult to pass new regulation while you have a split chamber, so to speak. if you have the democrats running of course one side and then you have the republicans on the other. so essentially, for the markets, you referenced that potential 100 point, he says political gridlock is great for the stock market, it's going to push stocks higher, so for 2020, his
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s&p 500 target's 3400 which is about a 9% upside from where we start now. so he says this is great, keep fighting, because investors are just going to keep focusing on value and on companies that are increasing what they are delivering to their shareholders. stuart: 9% up. deirdre: from where we are now. stuart: we are already at record highs. this is the s&p 500, at record highs right now. add on another 9% next year, says goldman. deirdre: yep. stuart: wow. deirdre: the fighting is good, you know, silver lining. stuart: good stuff. thanks very much. very good. i've got a couple stories on tesla. first of all, i think this is a marketing ploy. tesla has agreed to a tug-of-war rematch against the ford f-150. that's publicity. seeking publicity, probably going to get a lot of it. they are also, we understand, tell me about this, elon musk has to take the stand in a trial. ashley: yes, he does. he's defending himself in a
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defamation case. it all goes back to remember the rescue of those 12 boys in thailand and their soccer coach back in july of last year? the president was leading that cave rescue. a brit is suing musk for calling him quote, a pieto guy. musk posted the tweet after unsworth claimed in a cnn interview that elon musk was only offering help because he was grandstanding, wanted to basically get some publicity. it all got very ugly. what musk will say is you know what, through all of this, you became a public figure, and you have to prove malice in order to bring this defamation case but he will defend himself as will the other person in this lawsuit, take the stand. stuart: that will be ugly. ashley: very ugly. stuart: thank you, ash. now this. thanksgiving, we know you are going to talk politics round the dinner table. coming up, lou dobbs. what will he talk about at the thanksgiving table? around his family?
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what on earth? he will be with us. tonight, president trump takes to sunrise, florida, deep in broward county. one of the most left-leaning parts of the state. two-thirds of them voted for hillary in 2016. what's the president doing there tonight? we will ask senator rick scott, republican from florida, as the third hour of "varney & company" rolls on. ♪ ♪ ♪ ♪ ♪
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deirdre, hold on a second, what's this about they've got an item on their streaming service -- deirdre: the mandalorian. stuart: which has been streamed more than "stranger things" on netflix. deirdre: it has been the most in demand show for the week of november 17th, most popular show ever. it's really underlying the strength of disney. remember when disney bought lucas films for $4 billion, everybody was like okay, disney is crazy for paying $4 billion. they had had at least six films this year that have netted $1 billion. that's not even talking about the streaming. listen, we cannot distinguish the fact disney has all these "star wars" properties and netflix has things like "stranger things" they built up organically but the streaming wars are on. stuart: did not mention baby yoda. ashley: but you did. deirdre: you can just tell us if you want a baby yoda teeshirt. we will get it for you. stuart: it's a high volume sale
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for christmas. wait a second. hasbro, was it ubs, they upgraded hasbro? ashley: from neutral to buy, saying this is going to be a phenomenon going into black friday and beyond. good news for hasbro, raising their price target keeping it $117 but yeah, this is the disney effect that ripples out and helps so many others. they were thinking it was going to be an average holiday for the toy makers but thanks to disney and "frozen 2" and everything that comes with it, "star wars" whathave you, it will be a good season they believe for hasbro. by the way, the other good thing is nerf toys, you know nerf toys? deirdre: yeah. ashley: they are making a comeback. stuart: we have a united states senator sitting right next to me. deirdre: we are delivering baby yoda and nerf toys. >> i was at disney saturday and sunday. the "star wars" area is just packed. we are seeing "frozen 2," we
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have tickets on thursday. and nerf guns, i have some grandsons, they have every nerf thing you can imagine. ashley: covered it all. deirdre: go on the millenium falcon before the park opens. get in there. >> i could probably do that but i try to do my job as a u.s. senator. stuart: can i get a word in edge-wise? as the anchor of the show with his name on it. this is senator rick scott, republican from florida. welcome to the show. >> nice to be here. hope everybody comes to florida, spend all your money. stuart: we got that. >> keep the economy going. stuart: i'm coming for christmas. don't worry. now, the president's going down there tonight. he's going to broward county tonight. he lost that county in 2016. he lost it by a very wide margin. he only got 31% of the vote. why is he going down there for a big rally tonight? why there? >> i think he's probably going to talk about capitalism versus socialism and you know, socialism has not worked and presidential candidates on the
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democrat side, that's all they're talking about. i think he's going to do well. he won florida in 2016. i was able to win last year. he's going to win this time. i think he will have a big win. the rnc is doing a good job. think about it. economy's on fire, economy in florida is actually on fire, trump's doing great, so i think he's going to have a great rally. w wish i could be there. stuart: when you say the florida economy is absolutely on fire, that's very important because you are now a leading major state here. >> they are a big state, bigger than new york. as you know, all the money out of new york is flowing to florida. stuart: here you are in new york. >> everybody is coming down. thank god, i love cuomo. i love cuomo, i love the governors of connecticut, they just keep sending people down to florida. raising their taxes. stuart: sarcasm is a low form of wit, mr. senator. here you are in new york city. >> oh, yeah.
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you know, disney is packed, it's busy. everybody should come down. the weather is great. all the humidity we get in august and september is gone. trump's going to have a ball tonight, though. his rallies are fun. stuart: we will cover it. you can't be there, though, right? >> no. can't be there. stuart: mr. senator, always a pleasure having you on. thanks for being here. thank you, sir. let's get quickly to grady trimble. why? because he's at chicago's o'hare airport, where airline caterers have started a protest. what's going on? reporter: hey, stuart. you can see behind me there's a few dozen of them gathered. they are protesting for things like better pay and better health insurance benefits. they are the people who bring your food and drinks to the planes as well as get them ready for your flight and they say they are not getting paid enough, as simple as that. they picked one of the busiest travel days of the year to come out here and protest that. i should point out they didn't plan to disrupt anybody's travel and they are not doing that. they are in between two terminals right now and
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everybody who wants to get around them is able to. i also want to point out that at least one of the airlines says that if these protesters get their way and get better pay and benefits, it will drive up the cost of flights for you and me. stuart? stuart: grady, thanks very much indeed. right in the middle of it right there. good stuff, grady. thank you. let's go to home builders. we had an interesting read on the new home sales early this morning. coming in as an annualized 733,000. i figure that's fairly strong. the home builder stocks not responding very much. fractional losses for toll and pulte. hovnanian up a tiny fraction. not much impact there. still on real estate. let's just suppose you are making a six-figure salary, looking to buy some property. oh, little animation. why not. cheryl casone will join me in a moment. she's got a couple places in minneapolis that are worth the bang for their buck. comparison real estate shopping
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stuart: all right. invested in you. not bad. all right. cheryl casone is with me now. i've got an interesting -- you've got an interesting report here. let me see if i've got this right. you are assuming that someone has an income of, what, $120,000 a year. cheryl: married couple. stuart: married couple. $120,000 a year. you have gone to minneapolis and found two places which this couple could afford to buy with that kind of income -- cheryl: without overreaching. yes. which is important. stuart: you are going to tell us what have you got in these two places. cheryl: this is a pin-point look at real estate in minneapolis. $120,000 annual income before taxes. that's the salary you need to get these homes. let's first take a look at this property. $349,900 is the sales price. that's what you can comfortably afford if you make that. this is on eight acres, built in 1986, two-car garage. more of a condo just south of minneapolis. there are extra fees, condo and taxes. your mortgage payment would be about $2300 a month. that's about the max, though.
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i'm giving you a 10% down payment on that, not 20% because frankly, people cannot make 20% down payments anymore. stuart: with 10% down, your mortgage is $2300 a month. you get that house and eight acres? cheryl: yeah. the entire property is eight acres. the thing is with this, you have to add in taxes and the fees for the condos. those kind of things, extra amenities are going higher. stuart: that was affordable to a couple with $120,000 bucks. cheryl: the next house is north of minneapolis, $349,900. same exact price. built in 2009. three-car garage, a little more space but more of a commute outside of minneapolis. this has got an office, a den, a deck, a little more space. 1,867 square feet, three bedroom, two and a half bath. the taxes are a little bit lower on this one because of the proximity, where it's at, the community and you are not paying condo fees i showed you on the first one. the reason to be so specific, especially when looking at
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minneapolis, because people don't look at the extra fees and at their income, i don't think, enough. you've got to be very careful now. stuart: those two houses are affordable for that kind of income. income level. they're not quite one percenters. but they are upscale people. that's what they can afford. that was interesting. cheryl, thank you very much indeed. cheryl: you bet. stuart: all you have to do is live in minneapolis. cheryl: i like minneapolis. i have been a couple times. i liked it a lot. i didn't like it in february. stuart: uber, let's talk uber. the hits keep on coming. seattle city council has passed a bill that puts another tax on every ride. it's not much but we will tell you how much that tax is now. of course, it could rise in the future. we have news on usmca. could move the market. that's coming up after this. "varney & company" continues. ♪
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stuart: now, here's the news on usmca. this sounds really positive. edward lawrence with us again. the headlines and details, please. reporter: headlines, house speaker nancy pelosi feeling the pressure on this.
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she says she's waiting for the final review of changes that she wanted. the mexican president is saying those changes would not require any renegotiation of usmca, mexico's top trade negotiator says that he was told by house speaker nancy pelosi that she should get the completed agreement between thanksgiving and the end of november. that means the end of this week, which possibly could mean that democrats could see the completed language in december when they come back from a break here. however, the big question is one, if it will be completed in time and two, if the vote will actually be scheduled in those eight days that they have officially on the calendar for december. again, the mexican top trade negotiator saying that nancy pelosi told him there should be a completed deal that she will get between thanksgiving and the end of november. stuart: that's why it didn't move the market. because it still depends upon nancy pelosi, speaker pelosi, calling for a vote.
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if she were to turn round and say we are voting in december, if she said that, the market moves. reporter: she has not said that. stuart: she has not said that. exactly right. edward, thanks very much. reporter: it seems she will have the agreement. stuart: that's interesting. i will call that mildly positive. i'll take it. thanks, edward. congresswoman brenda lawrence clarifying her position on impeachment that we told you about earlier. let me just -- ashley: give the background. stuart: in october, representative brenda lawrence, democrat from michigan, said impeach him. you got to do it. what he's done is egregious. that was in october. on sunday, in november just last sunday, she said no, i see no value in impeachment. just censure him. now what she's saying, at 10:00 this morning, i went on the air and said look, there's a breach in the wall here, the impeachment wall, there are cracks coming up and now what does she say? ashley: she's saying this. let me just quote.
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to reclarify, she says what her position is on the impeachment issue. i was an early supporter for impeachment, in 2017. the house intelligence committee followed a very thorough process in holding hearings these past two weeks. the information they revealed confirmed that this president has abused his power of his office, therefore, i continue to support impeachment. she goes on to say however, i'm very concerned about senate republicans and the fact that they would find this behavior by the president acceptable. in other words, she's flip-flopped back again. it's the second change. you know she's come under tremendous pressure from her party. deirdre: that's the underlying point, i think. stuart: 10:00 this morning on this show, we went up strong and said look, that wall, impeachment wall is cracking. democrats probably saw it and are now responding with pressure on representative brenda lawrence and she's turned around, now favors it. ashley: 180. stuart: interesting stuff. i love this politics stuff. check the big board. we are up, not much, but up 34
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points. that's enough to put us at 28,100. by the way, since trump's election in 2016, the value of all stocks is up $11.3 trillion. retailers, they have been reporting pretty good numbers recently. people are indeed spending money. i'm calling this the year of the consumer. certainly the end of the year of the consumer. disney, apple, amazon, all on a tear. they are stu's holiday winners, if you like. come in, david nicholas. he's with us. how big will black friday be, friday of this week? >> it's going to be big because there's really a lot going for the consumer. you're right, i think this is the year for the consumer. unemployment is at a 50-year low, job growth has been strong all year, wages are continuing to rise, savings for u.s. individuals are at 8%, the highest levels we've seen. i think black friday and even cyber-monday, these numbers could blow away more than what most analysts expect. the other thing, too, this time last year, if you remember, the
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stock market dropped almost 20 pe % between october and december. this year, s&p is up almost 25% year to date. individuals have more money in their 401(k)s, their retirement accounts. by every technical definition, the consumer is strong and have money to spend. i think this is going to shock most analysts for black friday and cyber-monday. stuart: is there also the wealth effect? by that i mean people's 401(k)s, i.r.a.s have done extremely well. they are up 30%, maybe 35% since the election of mr. trump. the money is there. is some of that money being taken out and put into spending? at a consumer level? >> i think that's a great point. not a lot of people bring that up. you are exactly right. the wealth effect right now is adding confidence. if you are an individual investor and you look to see what you made in your 401(k), that's real money. that then justifies maybe i am going to spend a little more for my kids or grandkids this christmas. i think you are exactly right.
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the wealth effect is real. as investors, we want to own companies like walmart, like target, even best buy, who had great earnings. it's only trading at about 14 times earnings. so certainly not overvalued. there's some great companies out there to own. if you want a flyer, macy's, only trading at six times earnings. it's not a guaranteed play but it could -- i don't think the story is going to end bad for retail. macy's could be a play if you are looking for a pop on the upside. stuart: you have to admit, though, investors, our viewers, are going to be a little nervous about putting money into a stock which has already hit a series of highs. there's a lot of reluctance of people to buy as it's going up to new highs. you know? >> i agree, stuart, but look, it's all about the earnings. if a company continues to be profitable, and i understand best buy has been up, gosh, i think quite a bit year to date but again, forward earnings, 14 times. you can't tell me that's overvalued. so i feel confident when i look at the forecast for a company
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like best buy that it could still be a good time. that stock could be trading over $100 a share this time next year. there's a lot that has to go right for best buy but i still think there's upside. retail hasn't performed as well as the s&p this year. i think retail is what you want to own going into the fourth quarter. stuart: retailer's dream, the fourth quarter this year. that's a fact. david, thanks for joining us. have a great thanksgiving, young man. >> you, too, stuart. thank you. stuart: thank you. tomorrow, busiest travel day of the year. got it. mother nature's going to make traveling a bit stressful in certain places. fox news senior meteorologist janice dean is with us. where's it going to be a problem, janice? >> i can tell you where it's not. florida. that's about it. it's going to be very challenging for millions of people. we have had this cold front, our first round of snow, rain, maybe even severe weather with this system moving out of the rockies in towards the plains states, mississippi river valley. we will see quite a bit of snow
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accumulating, maybe even blizzard conditions for places like colorado, just outside of denver here, and the winter weather advisories for millions of folks from the west all the way up towards the great lakes. there's our first storm system that's going to cause some problems and maybe even ground some balloons for the macy's thanksgiving day parade and then storm number two moves into the west on thursday and friday, bringing more of the messy weather and delays and cancellations. it's going to be very challenging for many people but if you are going to florida, have fun. stuart: we just had senator rick scott, republican from -- >> come on to florida. stuart: he's going back there pretty soon, i think. >> all right. maybe i'll go see him on the weekend. stuart: janice, thank you very much indeed. have a great thanksgiving. see you later. okay. if you are going to travel tomorrow, hit the road early. early, early, early. deirdre? deirdre: yeah. predawn. predawn. let's just say that. google maps is saying the worst
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two times to be on the road for the weekend, wednesday at 4:00 p.m., basically they are saying just don't do it. figure something else out. or sunday at 3:00 p.m. so they are saying best times, wednesday at 4:00 a.m., i wasn't kidding, you are awake and doing something anyway, why not, and then friday at 4:00 a.m. they say if you don't want traffic, be on stuart varney's schedule. pretty sure that was part of the press release. this will be the second busiest thanksgiving for road travel since aaa began tracking in the year 2000. gas prices as we point out, you know, let's call them volatile but relatively low, national, i just checked today, $2.57 a gallon. you might face aggravation but it will not cost you a lot from your pocket for the gas. stuart: just get off the road by 4:00 in the afternoon. deirdre: wednesday evening or sunday evening. stuart: you can't always say i'm not going to travel 4:00 in the afternoon. ashley: sometimes you have to. deirdre: they are saying get up
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and go at like 6:00 a.m. on thanksgiving day, if you can. stuart: okay. bear that in mind. i'm an early riser. we've got some more money flowing into fake meat. ashley: yes. stuart: impossible foods is starting a new round of fund raising. ashley: they raised about three to 400 million. they are looking for a valuation, anywhere from $3 billion to $5 billion. they already raised close to $780 million in the private market and are going back for more. there are those that say this may portend an ipo next year. we have to wait and see. we know beyond meat has seen the value of its shares more than triple since it went public back in may. this is a huge market. in 2018, revenue from substitute meats generated $4.2 billion. stuart: 2017? ashley: 2018. stuart: 2018. ashley: last year. from substitute meat market. stuart: last year. ashley: it's going up to $6 billion the next three to four
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years. stuart: all right. raising more money. i can't blame them. check out uber and lyft, please. why? well, seattle city council has just approved a new tax, 57 cents for every ride you take in that city. deirdre: it's for uber and for lyft. the idea is to afford or fund affordable housing, also they have this delayed downtown streetcar so they want money for that. the city wants money to support that. then also to support the drivers who work on the ride hailing apps but the problem is that's three big sort of revenue demands, right, for a 57 cent tax. but there you go. that's what seattle is trying to do. stuart: another tax. here we go. thanksgiving. two days away. yes, you are probably going to talk politics at the dinner table. lou dobbs is coming in. does anyone in the dobbs household dare argue politics with him?
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interesting guy. we just got the news on usmca and now the president is commenting on china trade. we will tell you all about the trade news after this. ♪ (chime) (shaq) magenta? i hate cartridges! not magenta! not magenta. i'm not going back to the store. magenta! cartridges are so... (buzzer) (vo) the epson ecotank. no more cartridges. it comes with an incredible amount of ink that can save you a lot of frustration. ♪ the epson ecotank. just fill and chill! available at... and let me tell you something, rodeo... i wouldn't be here if i thought reverse mortgages took advantage
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stuart: all right. news coming to us from the president. he just said the administration is quote, in the final throes of reaching a trade deal with china. that expletive was my friend lou dobbs, emitting forth on the issue of china trade. i will get to you in a second. the president also spoke on hong kong, saying the u.s. wants to see democracy there. no word on whether he will sign the hong kong bill of rights. but that news that they are in the final throes of phase one
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did not move the market. ashley: we are up to a whopping 33 point gain. stuart: you would have thought maybe we would get some positive reaction. deirdre: after 18 months of back-and-forth, perhaps most investors are a little more sanguine. stuart: why not bring in lou dobbs to see what he's got to say. what do you say, dobbs? lou: i think it's fascinating that now we are in the throes. i love the expression, of the deal. it's been going on for almost a year and a half. the back-and-forth. since he's been elected president, he has, by the way, been treated by xi jinping to 22 promises, count them, 22 promises to take care of and end the chinese theft of u.s. intellectual property and still the press like guppies rising to the surface for more feed, they buy it, they talk about it, no context, no memory. stuart: talking about me now. am i some kind of guppy here?
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lou: i would exempt you, certainly, from anything that would be less than thorough and deeply intellectual. stuart: you don't think hey, watch it. you don't think much of this china trade thing, do you? lou: i do not. i think this is a time -- the attorney general of the united states said that huawei, zte are national security threats. said that china is a national security threat. the pentagon says they are a national security threat. the president tells us it's a national security threat. so exactly what are we negotiating? exactly what are we negotiating and why would we expect any different result now than at any point over those 22 promises over the course of three years of this presidency? stuart: in the unlikely event that i turn up at your house for thanksgiving dinner, and i -- lou: that's reassuring. stuart: i would say something like i think we really need to do this china trade deal, we just got to jump on this thing, we need that china trade deal, what would you say?
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throw me out? lou: of course i would never throw you out. we have been friends for 40 years. you have all of those ideas that are oppositional to my own. stuart: no, i don't. lou: i know, but i had to say that. stuart: will you discuss politics around your dinner table? lou: sure. i won't probably participate but everybody else, my view is somewhat well known. stuart: that's true. do you have a free speech household? lou: not by my choice, but yes. stuart: look, i think that this year, this thanksgiving, the trump haters are going to be a little more quiet than usual. lou: they certainly will be at my house. because they won't be invited. i just can't imagine trump haters. to hate a man who has done what he's done in three years, the lowest unemployment rate for all socioeconomic demographics,
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racial demographics, ethnic demographics, age demographics, the lowest unemployment in history with the exception of women, they are only at a 65-year low. i'm sure the president will get that fixed as well soon. i mean, it's an extraordinary performance. the economic growth at rates we have never envisioned. we have an economy filled with animal spirits and drive and optimism and confidence. what the dickens do people want? stuart: they wanted hillary to win. that's what they wanted. lou: that's fine. that's just fine. they can get treatment for that. stuart: you're terrible. you really are. lou: i am. i am. stuart: i'm going to show up out there. lou: come on out. stuart: the impeachment is dead? lou: i think it is dead. if it is not, certainly adam schiff and nancy pelosi are. the democratic party, at least the left wing of the party, is now -- is not -- is certainly not dead, but it is aching badly
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bruised and frankly, it stands, it's a laughingstock of modern american politics. it's just silly what schiff has done. it is venal, it is evil what he's attempted, lying to the american people. i love these polls on the independents in the country saying take your impeachment and shove it. who do you think you're talking to, morons. that's exactly who he thought he was talking to when he was talking to instead the american people, who have seen this nonsense before. stuart: you are safe. i'm not coming to lunch at your place on thursday. lou: whew. i'm a little hurt now. we weren't expecting you but you raised my hopes. stuart: what time is your show on, anyway? lou: 7:00 p.m. eastern time. and several times after that. stuart: you are replayed. your numbers are spectacular. lou: thank you. yours as well.
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you know, we still do our thing. stuart: we do. lou, always a pleasure having you on the show. thanks for coming in so early in the day. lou: it is. i trudged in. and i made it. which is even more surprising. happy thanksgiving. stuart: you too, my friend. michael bloomberg, he's been the target du jour of the far left democrats. senator warren just fired a couple more shots at what i'm calling the $52 billion man. we will tell you what she said this time. keep it on "varney" please. ♪ i'm a regular in my neighborhood. i'm a regular at my local coffee shop and my local barber shop. when you shop small you help support your community - from after school programs to the arts!
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will. i think that president xi can make that happen and i know him, and i know he would like to make it happen. thank you very much, everybody. thank you. thank you. stuart: that's the president there. the important point is we are in the final throes of trade negotiations on phase one with china. market's gone up a little on that. next one, senator elizabeth warren has taken another shot at michael bloomberg. what did she say? deirdre: she is accusing him of trying to buy the nomination for the democratic party for the 2020 presidential race. saying he doesn't need people, he only needs bags and bags of money. i think that michael bloomberg is wrong and that's what we need to prove in this election. so you know, as we know, he spent $37 million on this ad blitz to just get out of the gate, which she says is not fair. bernie sanders also has been quick to criticize michael bloomberg's use of his personal fortune to sway the race. stuart: i want -- buying the nomination with bags full of
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money. come in, ron paul. what do you have to say about that? bloomberg and the election and money. >> well, you know, i think she's okay on this, because i think all's fair in love and politics. that's the way it's been for a long time. so she can go after him, but you know, i think when you think of wealthy individuals running for president, i really ask how do they make their money, and do they ever say anything that even hints that they have heard the words libertarian and do they ever smile. i think it's just noise. they don't have other things to talk about. the whole thing on the impeachment was just a distraction, i think, rather than dealing with the budget or something like that. they're not likely to, or dealing with our privacy. both sides continue to invade our privacy. so i haven't heard that, i think what she says is just routine stuff that you hear from politicians and i would think the people would be getting tired of that. stuart: i think you're right,
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ron paul. i'm terribly sorry, i have to cut this short. i've got one of these hard breaks coming. i do apologize. will you please come back real soon, because our viewers just love you. okay? >> that's nice to hear. stuart: you're on. see you soon. more "varney" after this. ♪
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. . stuart: question to pose to my two colleagues sitting next to me, the question is this, which will be talked about more, ashley, thanks givepping dinner, impeachment or baby yoda. ashley: english premiere league. free speech all around. i don't care what we talk about. stuart: deeder interest? >> i will go plus one on that. not really me, my kids who love english premier league. ashley: look at that. >> i just have been stealth this whole time. i listen to the conversation.
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i glean knowledge. i go home and look cool. [buzzer] stuart: real madrid playing psg, 3:00, tnt. i don't know what is on thanksgiving day. i will be glued whatever it is. so will david asman. david: you are mistaken on soccer, my friend. i'm david asman in for neil cavuto. we have busy two hours ahead. stocks hitting new highs on china trade. president trump signaling that a deal is near. plus historic storm for the holidays. that's all you need, right? why there could be a major disruption for travelers this week. the biggest jewel robber in the united states, once called that, turned motivational speaker how a billion dollar heist, t

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