>> i like those stat. and then the irishmen on netflix not enough to help the stock but i could be wrong under stock underperform this year prchl three hours long three hours later. >> eye roll. have a great day everybody. thanks to you panel, "varney & company" begins right now. stu tack it away. brief attention span for yours truly right here. good morning maria and good morning everyone. this is one booming economy. the consumer is flushed with cash and apparent hi eager to spend it with record sales. online the huge winner, maybe the difficult weather is cutting the foot traffic at brick-and-mortar stores is and more, the weather is certainly helping the amazons of this world. look at this a record 7.4 billion dollar with a online sales that was just on friday. maybe 9.4 billion with a online sales today.

this is afterall cybermonday this has a retailing bonanza and signals a strong economy into 2020 all right now look a this. another market rally not huge. but a rally. the dow is going to be up maybe 20, 25 point small gain for the s&p small fractional game for nasdaq this is interesting. china banned u.s. navy ships from calling port in hong kong retaliation for the president sign civil rights measure. little impact on the market. this morning, the pet restored tariffs on steal importses from brazil and argentine in that may have brought future down a little. later on today president heads to london for 70th anniversary of nato you'll go across world stage just as dmtds try to bring him down with another round of impeach m hearings. oh, what a day. another market rally shop until you drop online and yes we expect some choice words from the president of impeach m as he leaves for london got a big show

varney and about company sb to begin. i want to, i want to dwell on holiday shopping. we got that record.4 billion spent online just on friday. foot traffic, though, at the brick-and-mortar or storeses in the mall that was actually down. our retail guy is jerry and he's with us now. i'm saying that this is the online selling season to end all online selling season. you're going take me on. >> well we can talk about this for a long time and no doubt that e-commerce is capturing and selling trend but keep in mind e-commerce is only 15% of retail sales. i know there's one that one report out there that you alluded to from a shopper counting service to tracking service that said traffic was

down on black friday. but it also did traffic was up to brick-and-mortar storeses on thanksgiving day and totally different wort that does the payment processing and brick-and-mortar stores are up 4% on black friday so way see it, you know, e-commerce is capturing huge share growing at a 20% year over year financial if you take 20% times 20%. that's a 4% growth just with e-commerce if brick-and-mortar were flat but it is not flat. brick-and-mortar for several quarters now have been growing great. particularly at target and wal-mart that continued over weekend and ping it can continue all the way to christmas web and i feel very confident in my 4% forecast for sales growth this holiday season. >> but real fast jerry am i right in saying that it is extremely strong consumers spend this is holiday shopping season? suggest we're going to go into 20 20 still looking strong in the first quarter next year? >> i see nothing to hold it back look, all in retail we say trend is your frepgd the trend is

phenomenal it is very positive and has been for a long time and weaker numberses from last holiday season into december and forward so i believe that your growth is going to be quite strong quite positive, and we'll continue driving the economy for at least another year. inch there's another year i'll get back to you in a second and bring in market watcher keith for us is this a melt up market as we head towards the end of the year? >> absolutely stuart there's still a lot of money on the sidelines that the got to play catch-up and interestingly enough, the retail investors are the one who are ahead of the game this time. it is all of the henl fund that have to make up lost ground. >> do you think we're boing to hit 29,000 on the dow say by january the first? >> i tell you what, it is doable and so is my original target of 3300 on s&p. >> that is e norm rally doable have you ever seen a time like

this because the market has gone straight up fur months. >> well i tell you what i've looked through data this is what i do for a living i cannot recall in my memory or history books conditions like this where if you don't get onboard you are truely getting left behind. impeachment totally ignored irrelevant per the market. >> actually. i don't think so, stuart i think it is kind of anti-indicator here. i think stronger impeach. cries get stronger traders want to pull in because they realize donald trump is put ten and a half trillion dollars into the economy in term of cap cap cap thization. >> anything i should sell right now ?fnlgt talking about retail, the big ones are the wal-mart targets are amazon. the lesser retail players are getting left behind. consumers going online and they're going into stores that can compete and deliver quickly. so if you have a weaker retail or i would think seriously about holding it. j i don't have a weaker are retail e or i have got microsoft and couple of other -- >> that's a good one.

yeah, i'm going keep it okay i'm going to keep it. all right thanks very much keith see you again shortly bring in jerry back in again i have ab odd question for you pep which you may just dismiss entirely when do you think we're going see the day when online buying online selling of christmas and hanukkah present beating brick-and-mortar selling in christmas and hanukkah and presents? >> five to ten years away when you look at absolute volume one day in a year when that happen hads for retailers and that is today so on cybermonday historically you do have so much sales online and that's all of the focus that sometime that has brick-and-mortar at retailers but you have seriously 85% of retail business is in the stores and when with you list all of the commentary and morning shows this morning do you think it has about online because it put out great data and everything but 5% still in the store so even with -- the compound growth rate taking

place of 15 to 20% a year in e-commerce it is going to take a very long tile so that's majority of business so if row do math ten to five years from now until it is the majority but most of the growth. okay that's taking place in the marketplace and that's why it deserves so much attention. >> we keep going back to this but target wal-mart amazon those are three big winners from a holiday season. what do you think? >> well the thing we've seen strong retail is not something that changes every quarter so tart wal-mart amazon costco, best buy is very strong diction had a great quarter you see good numbers out of value player like dollar general t.j. maxx burlington. ross store they keep win it is not boing to change had it's not like industries with a good quarter and bad quarter and all of the rerest there and day trader trying to make money on a dead cap bounce stying with retailers weighing ones that i named. >> real fast do you think bad weather will help online sellers next couple of day?

>> well it only happenses in sol part of the country for some hour and online is growing rapgdly kind of average out people who talk about retail and weather are the same ones you know honestly who blame the tariff for shom results things you cannot control do not really affect the business over a long cycle and the weather is going to have absolutely nothing to do with retail sales or who captured those sales because you know what, it is a bad day today, it is going to be a beautiful day tomorrow so kind of silly to talk about too much. >> okay. retail is your business and this is a big time of ye if or you and glad you're on show. jerry become to sir see you soon. as we were saying there really big headaches for holiday and business travelers alike a giant cross country storm is heading east. jeff flock is at o'hare airport he's got the latest what have you got, jeff? >> weather may not have anything to do with with retail but it does have something to do with airport travel. these are the lines at o'hare and it is not even snowing in chicago but ripple effect out

here it is the northeast. this is the united terminal by the way at o'hare thingses are moving fairly smoothly i would say. but when you look at the boards, again, the united terminal arrival boards northeast place like albany new york canceled another albany flight well delayed boston is having problems. philadelphia is having some problems. most of the new york flight go departing from here and come over here show stuart the new york flights there's laguardia most of those are either boarding or upon time. so i don't know i think things are not as bad as they could be. but as you can see out here if you're at home watching on television, you're the a much better place than these poor folks out here at o'hare in chicago. sir. >> we'll talk take it jeff flock there at o'hare thanks see you again soon some individual stocks to check for you start with roku downgrade from morgan stanly and stock is down 8% that's a big drop for that

company. citi group downgrades phillip morris from down to the two in neutral from buy, not much impact on the stock. but it upgraded to a buy from neutral. got all of altria unaffected check futures market please because we are going to open this monday morning with a very mod pest gain pretty much across the board although nasdaq will be down a fraction. president trump leaves the qhows later this hour, he's going to london for nato summit likely to speak to roarts and when if he does you'll see it right here. a lot of people do venmo and paypal to make purchases this honked. it is cybermonday. we have a security expert on the show later, this hour who says watch out for hackers. and check costco, their website crashed on thanksgiving they lost millions because of that glitch. next we have the competition. the ceo of boxed and asking him if they gain a little ground

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>> take a look at google, that's not premarket. st tha -- that's the one month chart but hires the news europeans opened another antitrust investigation on google another one suzanne anything significant? >> yes that's right i believe that is is ashley today. >> i don't have that but i can tell you yes e they have. so look they've taken billions from google since well the the last four or five years, stu here question go again. under investigation in this country on every level but up until now haven't had an exact on the the stock absolutely nothing. in fact, the stock has gone above 1300 dollar a share in the face of all of these investigations and probes. and what have you. i don't have premarket for you but i don't think this leat

european venture will have much impact on the stock. but we with shall see. china state media that will be the global time, says china wants the u.s. to roll back those tariffs come december the 15th. edward lawrence has details on that one for us. roll them back that's what the chinese demand? >> stu insisting that u.s. roll back these. what we're see is posturing trying to get that language and chinese whole process try to get tariffs gone. chinese trade sources tell us that china wants tariffs rolled back in phases as the phases of the deal are finished now those sours are say what u.s. is offering to roll back some tariff but keep the majority in place in order to make sure china follows through with those commitments. president donald trump believes those tariffs are keeping china at the table and again you know, the 15% tariffs coming up on december 15th, those are still in play. and it is now becoming sort of a deadline here to get that phase one deal on paper and those

staffs could be insured to go into effect if it is not if there is a phase one deal on paper maybe a the president has some wiggle room there but tariffs in play on december 15th. take a look at costco stock is around $00 a share doing pretty well there you go $300 a share they lost money because their website crashed. i think it was on actual thanksgiving day wasn't it? >> for 16 hours costco losing around $11 million in sales. that affected maybe close to 3 million ofs its users not that much when you take into context to so far 68 billion has been spent in the month of november. we have thanksgiving sales pup some 16% from last year. so you're right. but for, you know, a number of people that paid their membership for full year having website down for 16 hours not a good feeling on thanksgiving black friday. >> not that bad. >> would you stop. >> not great. >> not that bad. especially trying to get to

hundred dollars off on those, you know, electronics -- and appliances you want to get in there. get the deals. >> attack it all back. that is outrageous. thank you. >> that's right. i wonder if the competition benefited a little -- >> maybe. i'll ask the competition one who runs wholesale per called box and frequent guest on this program since she started in business. >> did you pick up you're a direct competitor with costco. >> we are in certain categories so we did better than expected black friday so i don't know if it is because their website going down. but or it is overall trends of just folks actually staying at home shopping online versus going in stores because now -- >> i want to talk to you because this to me is online selling season to end all online selling seasons. and i take it that your business has really taken off recently. >> absolutely, and kind of being a retail nerd i drove around mall and you know after thanksgiving, after the kids

were the traffic wasn't as bad as it has been in year. >> you were gloating. >> no. i didn't have window rolled down with shaking out the window but yeah i was taking a look at the line and weren't as crazy as in previous year. i think it is going to go only one direction from here on out. >> have you been forced into speeding up delivery because that's what market demands? >> in certain segment gotten into more fresh foods and struck a partnership with a german grocer lidal a big push in the united states so retile side fresh foods now trying to serve same day. but 24 pack of toilet paper and oreo cookies nobody thinking they need nose yesterday here stat but smaller fresh food, though, pushing into -- >> a winter storm coming across the country what does that do to guys like you who want to be there when you say goods are

going to be there? >> a double ensword because winter storm come like both are not trying to go out there and shop on day. but other side of is that question of to deliver there afterwards so there's always manufacture expectations that you know, it is hard to get into some of the hard hit areas right after a storm passes through. >> when do you think we'll see the point now, one of our retile guyses said five to ten years away. but i want to know what's the point where -- onis -- online exceed brick-and-mortar and mall sales? >> on black friday or any day? >> across the board. for any one year, when are we going to see that? >> so i know you would think i would say in five to nonets but i tend to agree in five to ten years. at the end of the day brick-and-mortar that's where major of americans shop today. and so -- habits die hard but over time i think you know especially with younger generation, you know they procure items they need every day they think online and into buying power they graduate

college get their first job they think they see the trend accelerate. >> still private aren't you? >> still private. >> not going public but i'll be here if we do. >> nicely done young man boxed ceo thanks for joining us. good stuff is. take a look at future eases please. holding on to fractional gain for the dow, s&p and nasdaq. i'm going to say that disney dominates this holiday season frozen 2, well it's already made $700 million box office worldwide. disney's latest "star wars" a blowout as well we're on it disney owns december. what about netflix? well they may be irishman vainl for thanksgiving holiday e we have someone who say this movie will give netflix the leg up it needs against disney. more varney after this.

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click, call or visit a store today. some people say that's ridiculous. i dress how i feel. yesterday i felt bold with boundless energy. this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. extraordinary numbers here from frozen 2, it has already made more than 700 million dollar worldwide that's the box office. i want the number on this holiday weekend in the united states. how much? 134 million from wednesday to sunday as ashley pointed out prach half of the box office over those five days.

globally we're talking about 224 million dollars for the second weekend mind use. this was a second weekend this movie is out. so if you think about it disney is going to make they're on track for at least $12 billion so far. for the box office, and we haven't even gotten by the way to sky walker and "star wars" release in december. >> how much will that bring? >> 200 million at least in opening weekend so if you think about it on track for a billion dollars that means disney will probably power over 50% of the u.s. box office receipt that's incredible. >> they own december. they own the entire movie industry for the the year. >> stock with a record high almost 15 a 3. the market overall will open high or this monday morning first trading day of december we start in the new month by the way, this is the last month of the decade. do you realize that? we're going to start on upside this december the 2nd. we'll be back. there's a lot of talk about value out there.

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temporarily out of stock but you can still order them that's deal number one and stuart you're going to love another theme disney plus subscription service look at this. $10 off so $59.99 for your first year a nice savings. >> nice timing there lauren because it is actually 3u9 30 market just opened and we're up and we are running, ladies and gentlemen. i see on corner of my eye right from the get-go the market is up what -- 55, 58 points a lot of green on left-hand side so quite a few of the dow 30 are on upside. and a little bit better rally than we were expecting how about the s&p 500? in percentage terms it is about -- whatst tha a fractional gain you're up 3 points that's it. how about the nasdaq with all of those technology stock on that indicator? virtually no change. up 5 points that 8,670. all right, let's have a look at the biggest names in retailing because it is cybermonday err coming out of this big shopping season.

amazon, wal-mart, target, all of them on the upside they appear to be the winners in this shopping season. >> yeah. >> suzanne lee is with us she's a shopper ashley with is us a shopper too. and so too is jeff seeger. all right jeff you're on the spot. tell me the big winner in the holiday shopping season. >> well, of course, the big this is a very easy question this is amazon. amazon will continue to amazon will continue to dominate and move up their market share. >> anybody else? >> i think it is holy trinity amazon wal-mart had target whole trinity of e retail. three of them will dominate and then we'll continue to have all of these other retailers closing stores 14,000 last year. but those big holy trinity, they will dominate they will continue to grow. >> it is very true because we have short sellers betting guest stock at highest in eight months against brick-and-mortar so up 441% of those saying that stocks

will decline despite the fact that we have had very stellar say black monday so black friday cybermonday with sales up to 20% from last year. >> really all bleeped into one actually doesn't it? >> feels like it. feel like that you don't need to cybermonday small business saturday, black friday -- because a lot of great sales begin before thanksgiving these days. >> wal-mart -- can i summarize like this? luxury sell percent luxury good sellers they're going to do pretty well this year you agree? >> yes, definitely i think hux rei good sellers are going after millennials with lbmh they bought tiffany they want to buy luxury goods and if that happens we'll see a broader base rally. >> actually, i've got a luxury retailer on screen. they're all down -- is that are they short in luxury guys? >> they're shorting kohl's macy'ss nordstrom is and clock of department stores shortening mall operator. >> it is all happening retail is

big issue as of this monday. and overall we've got the market opening just a little bit higher. check it out please we're up 30 point for the dow industrials. but we are well above 28,000. okay here comes some individual stocks for the moving. first of all roku the stock is it got a downgrade from morgan stanley, the stock is now down 9.6% a huge drop for streaming company. and it has been doing very well recently until that downgrade came along. fiat chrysler they reached a tentative labor agreement with the uaw no impact on the stock which is absolutely unchanged. the tenure treasury yield moving up to 1.84% that's an indicator of some strength in the economies around the world that i suspect. price of gold still doing very the. we're at 1464 per ounce, the price of oil still in the 50-dollar barrel range 56 as of right now actually up 2%. apple take a look at that one please because --

they are planning to release the biggest iphone yet. now wait a minute, that's big in terms of size. yeah 6.7 inches currently bigger than 6.5 ifnl that we have for pro 11 promax but so many rumors about what's going to be in new model next year in 2020 i'll tell you 5g and able l and will it have longer battery life and new chip who knows. but there's also report that says they might bundle the air foods along with the iphone 12 as well. i don't think that's likely no i don't think that's likely but right now wrrkt wearables are drive sales that are had equivalent to four chin 200 company, and you're selling these air a pods at $150 this is a base price by the way. i mean there's no need to bundle it with a phone to make it mother expensive and tim cook is very good when had it comes to pricing. >> is apple the the most solid of all companies quoted in united states of america?

>> me criticizing apple made me look public enemy number one honestly. but they keep rolling out these new versions of old product. a physical fanatics i had a couple of apple fanatics who were so excited that they're making this big phone. i say this -- is this invasion? and next year from what i understand i don't know entirely they're making a much smaller phone so just going to keep making different sizes and gadgets to get all of these people excited? the the fact is is, apple is a good consumer product company. but they're not innovating it they could innovate more. the ear pods which by the way i lost in like three days -- are not really much of an innovation in my opinion. >> really. >> you that is -- they sell more air pods than any well think about that fortune with 200 company. i think that's actually that's business alone is worth more than tesla. >> you've spent 30 seconds

explaining how you missed the rally on apple. >> you know what i said doesn't make me popular. it is what it is. trying to keep it real here everybody loves apple i'll be guy who criticizes it. >> you would not buy apple at 267? >> no i owned it at one time in my life goods money on it but i missed it lately i'll admit it. >> don't be greedy walk away from it quite wining. [laughter] all right -- way to go. baby yoda starbucks has a baby inspired drink. can you -- >> get this story no more -- what is actually on menu you have to ask the bris barista this is what you asked for story of the day here we go. of a green tea frappuccino then you add caramel drizzle to it and whipped cream and caramel ribbon crunchy with a green and wrappedded in a blown float.

>> you have a baby yoda how come hasbro which is in charge of getting fluffy toy on the shelves they haven't gotten them available. what a huge miss. >> yes. >> they probably didn't plan their merchandising release came a few weeks ago who knew it would be this type of global phenomenal. >> did they take -- a stretch for a character making a baby character of a main character they kopght risk flooding market with baby yodas. so they -- >> so baby yoda a baby of the species i want to point that out. >> sorry stu. >> let's get to -- the irishman, on netflix al pacino great, and three and a half hours. watch -- doesn't feel like three and a half. do you think that's the -- that's the movie to give netflix edge against disney?

>> it was a tremendous risk they're at 16 8 million budget way above what netflix has ever done. but it will put them in oscar contention. i don't know how they're going to make their money back but they are going to -- they are going to make a lot offing progress in terms of where they come to disney but they could put out a attract score and big actors and de niro and chino and make what paiflt people i haven't seen it the yet reading bock what a lot of people are considering a work of art. >> doesn't they put out streaming numbers? >> no, they actually don't put out streaming numbers in term of how many download or watch what particular content. but i think they have independent analysts that look at the numbers, and it is kind of like a box had had around 45 million views in just the first few weeks so maybe, with you know irishman with buzz 150 million budget but

underperformed in 2019 with a content bill, if you're paying up that much, to film these type of big blockbuster budget you better get the the eyeballs on stream. >> even if they do in order for them to make money i think it is intang public benefit i think it is going to be very hard for them to make money on irishman but streaming war and more content for those movie buffs out there to see more and more entertainment than they've seen a great deals. >> a big deal for them. thanksgiving night the a restaurant every table -- about the the irishman at some point. yep. have you seen it yet no i'll wait per the weekend three and a half hours long. >> or four and score said specifically do not watch the irishman on your phone he does not like it. he does not like the idea of people viewing his art on a phone. >> who would do that? 9:40 eastern time you know what that means. time is up. but look jeff thanks very much

for being with us in last few seconds market dow industrials down i'm sorry jeff not your fault. not your fault at all. dow is down 20 points at 28,07 that's where we are on big board as of right now. what's coming up on the show? i will tell you -- president trump leaves the the white house later this hour. he's going to london for nato summit. he's likely to speak to reporters, and if he does you'll hear exactly what he's got to say. birch box they make cosmetic grooming subscription boxes come straight to your door once month they have more than a million subscribers globally i bet they're expecting more this holiday season. well, the ceo is on the show later this hour. we have a cybersecurity expert warning with shoppers about mobile payment. he says, hack percent are taking advantage of flaws on payment acts like paypal and venmo. more varney after this. [grunting]

[maniacal laughter] gold. gold! right, uh...thank you, for that, bob. but i think it's time we go with gbtc. it's bitcoin exposure through

a traditional investment account. nice rock. it's time to drop gold. go digital. go grayscale. we have a modest loss in progress right now monday morning we're down 20 point but above 28,000 on the dow industrials. you know it could be netflix it is maybe the weather but movie ticket sales were down over the holiday what was big drop? >> down 16% year over year. it is a big drop from wednesday through sunday receipt in u.s. and canada came in at 264 million. yes, i think the weather especially out west and had an impact and we talked about it just in the last segment irishman a lot of people to say three and a half hours to, you know, hunker down this weekend and just ride it out in -- that's what did it. in segments they also there's a beliefably some analysts that this thanksgiving didn't have the buffet of movies that appealed to a wide or range from

like ages 4 to 84 more movies this -- last thanksgiving this thanksgiving but anyway you look at it receipt down and disney had had 50% as we said of all receipts in that thanksgiving period. >> interesting. okay thank you i picked this up over weekend huawei making smartphones without american chips. >> that's a big deal because they usual lily buy it is fast as well because we know subject to trade blacklist but they bought 11 billion worth of u.s. chips and other components last year. and that affected broadcom who have warn now of declining sales this year because of the blacklist against huawei but made 30 intercoursed in september no u.s. chips within it. believe it or not -- now we have 300 companies that have apply for licenses to continue selling to huawei. but huawei in anticipation of this blacklist is actually been stock is piling a lot of these u.s. goods, but in the future they might develop with their own or go to european suppliers

instead. >> you know that was very good for you to keep the conversation going for extra 20 seconds because i spilled my coffee all over the place and suzanne covered up for me that was brilliant. >>i felt bad for stu. well done. serious subject right now. hackers using drones to steal your personal information. how about that? michael broomer is with us he's with knows all about about this. hackers using drones to grab my data? how's that work? >> sure. in 2005, it created this device called a pineapple that combined with a drone and about a million drones registered this many the u.s. and about 50 million worldwide public wi-fi spots you put those altogether, and they can go ahead to steal any data from a connected device through this pineapple device whether had it is your social security number or payment information name, address phone number. >> how about texts? i was look i used texts i like

tofection all a of the time i thought that was safe. nobody is going to break into that? is it? no -- >> well, this is a season of campaigning. there are a lot of people that have had signed up to give a dong to the campaign. they get a request with an sms text on their phone that says please give five or ten dollars that text that linked it to giving that -- that message or that payment information back may compromise the tay it on your phone. it is called smishinging and phishinging text. tfnlings gets worse and worse doesn't it? how on earth do i protect myself against this? i can't. inch well don't click on links use a reputable don't download information you shouldn't be downloading and last but not least use a credit card if you're making pams online.

use a contractor because a debit card will open you up so a credit card gives you shielding credit always remember that. when do we see something look -- my point is we constantly getting those story about data breaches, a hundred million people lose their information whatever happens? i mean, i don't see any downside to this frankly is there? >> problem is that there's an aggregation issue going on so one data breach may have certain information compromised and you have that stacked upon another and another so after a period of time they've got your whole profile from different breaches that they can use to steal payment information. to process transactions on your behalf or even go ahead and commit another piece of fraud. >> do you know if anybody has gotten into people's private bank accounts and taken stuff out yet? >> other prediction is wider transfer scheme using deep fake

technology and that is same stuff that jordan peel used last year to spoof obama. >> yep. >> german ceo elier this year wire mistakenly 243,000 to a hungarian supplier that was all deep fake a technology. think of it like an audio/adobe photoshop who is responsible? if a company loses my data and i suffer because of that data loss, is that company responsible? are they legally liable? >> it depends on the circumstance. but now hacking has become egalitarian so they can buy technology like that pine a physical device, like malware with kit and go online and don't have to have sophisticated experience to hack into thing. >> michael broomer this is remarkable stuff we thank you for sharing it with us today on this cybermocked all out there

buying online. >> that's right. thank you sir, appreciate it always. thank you. check the dow 30 give you a sense of the markets here two-thirds of the dow 30 are down. one-third up overall the dow is up 13 points. i've already said it and say it again. cybermonday will set a new record with maybe 9.4 billion worth of online sales just today. that's good news for our about next guest, the ceo of birch box they make cosmetic online subscription boxes delivered straight to your door once a month more varney with birch box after this. as a reliable phone company. (woman) but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. virtualize their operations. (woman) and build ai customer experiences. we also keep them ready for the next big opportunity. like 5g. almost all the fortune 500 partner with us. (woman) when it comes to digital transformation...

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well we've shown you the casino stock now why are we showing you casino stockses that happen to be all up. well mccow gambling revenue there, down 8 and a half percent in november compared to a year ago. nonetheless, las vegas sands win resorts they are up today. now then, it a difference. you ever heard of birchbox i hadn't make a subscription beauty boxes box full of samples look who is here. the ceo and founder, i believe of birchbox is that correct?

>> ten year ago. >> and you now have a million subscribers. yes, over a million globally we operate in six countries right now. >> if i subscribe, i get one of these boxes which you have here. this is a grooming box, this is our december beauty box. so you can get either grooming or beauty? >> you can get both you should get both. so it comes to your door. every month you fill out a profile so tell us about yourself and we match you with product, and it changes every single month you can choose if you want. you can select a product you can select the the the specific box or you can let birnl box choose. >> okay now, i open up the box. and it samples. you're so excited about it right show your glee. and then you go online and buy stuff from birch box.com. >> exactly. so samples arrive every hongt. easer eve now and then you get full size so a full size polish and you can purchase anything on

birchbox and gift a subscription which had is big right now and buy product without being a subscriber so if you know you want to buy product from the best loyalty program on the internet you can shop at birchbox. do you have to pay for bock whether or not i buy something in it? >> you can pay 5 a month to cancel any time or pay 13 if you want to commit for a year. >> if i commit to 12 monthses, 12 bock 13 dollars a month. >> that's right and then i have to buy stuff that's in it -- >> you don't have to but inspire you so you're excited the whole idea is when you make a purchase you know you want it so it get rid of the waste of idea to try a little bit of this shampoo we can relate to that. a little bit of this cream instead of that you get to put your dollars towards something you know you want to buy and finish it and invest in better things. i keep the samples. all of them their yours. don't send anything back but get

revenue from the sale of the boxes the sub scrix service and you get a piece of the action if somebody buys something inside the box. exactly full size we're retailer so we purchase product that wholesale price and then we sell it back to consumers. >> you're private. >> it would be utterly pointless to go public? >> definitely not on the mind today we're focused on what we're doing. >> quickly can i buy a birchbox in a walgreens store? >> you absolutely can buy one in a walgreens store you can gift by a gift card for birch box in all 8,000 wall store you can buy it and a gift card for a subscription for yourself or someone else and buy an advent calendar with 12 day of samples i can tell you're excited. should we stop this now so you can have some fun and glitter? [laughter] perform catch ceo that was a

real pleasure thanks very much. you're going to make a fortune you are if you haven't is already. >> all right. the consumer is strong, spending this holiday season, does this include thrift stores i've got the ceo of thread up the largest online thrift store next hour. . . the diamond store.

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retire better. stuart: 10:00 here in new york city. check that big board. now we're falling. we're down now 70 points on the dow. that is one quarter of 1%. i believe we just received an important reading on the manufacturing sector. called the ism manufacturing indicator. do you have a number? ashley: i do. 48.1 which is not a good number. we went back into contraction in august. 48.3 last month. looking for a slight uptick, no, down 48.1. more contraction still in the manufacturing sector. stuart: yep. okay. now we also got the numbers on

construction spending. susan? susan: not good. down .8% for the month of october. we're still trending below 2018 levels. this is worse than expected. economists were looking for a bump up of .4%. construction spending showing how much builders are spending. there is a lot of money, around $1.2 trillion or so. stuart: we've got fairly weak manufacturing, not exactly strong construction spending numbers. you combine that, look at the big board. we are down. now we're down 88 points. that is the best part of 1/3 of 1%. now this. the new week begins in pretty good style. it is cyber monday and record online sales are confidentially expected. actually the whole thanksgiving period has become an online selling bonanza. it should add up to $20 billion of worth of sales between thursday and monday. the weather terrible for holiday

travelers, yes it is. but it sure helps amazons of this recalled would. so does the stock market. the wealth effect is kicking in. that is, people feel able to spend more because their investments, especially pension savings are doing so well. stocks have gone straight up since the early fall. consumers have money to spend. these are prosperous times. moments from you no, president trump heads to london. he will meet with world leaders celebrating the 70th anniversary of nato. the president has leverage here. america has the most dynamic economy of any industrial democracy. europe bitterly divided on brink of recession. all eyes on trump. he is in the driver's seat. when it comes to prosperity, presidential power, the impeachment drive is increasingly irrelevant. we expect the president to speak to reporters when he leaves the white house. we'll bring it to you as soon as he does. i want to bring in, blake burman in london, waiting for the president to arrive.

what kind of reception, blake is the president going to get in britain? >> should be interesting, stuart, because when the president heads to buckingham palace tomorrow night in a event hosted by the queen for president trump and other world leaders there are scheduled to be protests outside of buckingham palace. you remember when asked about what post brexit talks to be like the president put the national health service on the table. the protesters who back the national health service will be out in front of buckingham palace tomorrow. that is one aspect of it though, stuart. a lot of political intrigue as the president is scheduled to meet emmanuel macron in one-on-one meeting and angela merkel in a one-on-one session. keep in mind, stuart, we're today expecting the next steps the trump administration will take as it relates to the digital tax. that announcement comes and then

president trump will be meeting with emmanuel macron. by the way, president will not meet one-on-one with boris johnson 10 days from now the elections. so they're taking a pass on that one. stuart: blake burman in london, waiting for the president. the british will review their prison policies after convicted terrorists carried out a deadly stabbing attack in london. the man who did the stabbing, he had been released early, having been convicted on terrorism charges. former state department official christian whiton is with us now. what, a real problem here. what do we do with people who are convicted of terrorist offenses? keep them in prison forever. >> that would be a good idea. this isn't someone who commit ad attack. is he an islamist? let's look at social media. this man was in jail trying to blow up the london stock exchange, our own u.s. embassy in lond dropped. he was caught and put in prison.

the time he would be out of jail until somewhat elderly is ludicrous and a issue in the british election. brits are way ahead of swedes the dutch, the germans and others but this is an ongoing problem. stuart: america takes a different position. america wouldn't release a terrorist serving half their term. so there is a difference here between what we do and what they do i think. >> very much. if you give material support to terrorist group, engage in terrorism yourself, plotting like that, the american justice system and american juries really have no patience for that. stuart: christian look at the headline. it is from "the new york times." and it reads, with brutal crackdown iran is convulsed by worst unrest in 40 years. i find that interesting. to me this is a trump win, christian. because mr. trump imposed fresh sanctions on iran, squeezing

them from every direction. and they're now imploding. i call that a trump win. what say you? >> very much so. i think, it's a question, is this like prague in 1968 where even though the regime has enough confidence in itself to suppress a dissent movement. it shows there is no support inside of iran. juxtapose versus four years ago where iran was on the march, feeling, willing to expand imperial footprint across lebanon and syria, iraq. today where they have to worry about whether they are going to survive, the brutality of this crackdown really is stunning. the revolutionary guard, which is iran's version of the ss, just shows up, there is no order to disperse. there is no tear gas, they start shooting killing hundreds of people in each incident reportedly. it is hard to get accurate information but it is just a demonstration that people are really upset with this regime internally and part of that is the economics from trump's oil

sanctions. stuart: what i find ridiculous, our president striding on the world stage, meeting with world leaders to celebrate the 70th anniversary of nato. back home the democrats are trying to impeach him, throw him out of the oval office. i find that ridiculous and frankly insulting. >> every time the president traveled the democrats and mainstream media tried to undermined him, whether meeting with president abe, president of name your country, always the same situation. he has real diplomacy to do. nine european governments, seven of which are in nato are trying to undermined our sanctions on nato with something called indx, barter system supposed to get around u.s. sanctions on iran. i don't think it will work. president trump has equities to push in london. it doesn't help democrats the exact day of the peak of the summit holds forth and they're holding another impeachment hearing. it's a disappointment.

stuart: disappointment is the you know statement of the year. christian, thank you. let's get back to the market. john allison, i read your stuff, you're worried about trade tariffs coming december 15th? what do you think? >> if we can have trade peace, we will have more prosperity, the manufacturing indices, that you were just describing earlier, the ism, construction, we think would actually start going up. so trade pieces are very good thing. the real question is going to be, not only do we have it, a resolution of the china trade war, but number two, is it going to be a good resolution. finally are we going to back that up with basically trade peace across the world? because we have very weak europe. you pointed that out earlier. emerging markets are weak. tariffs raised on brazil and argentina. those are two important emerging market countries. really all resolves around resolving the trade conflicts.

stuart: a lot of our commentators on the show talked about a melt-up, a big year-end rally, we go up towards the end of the year. you don't think that will happen, unless we get some settlement of china trade? >> i definitely do not think it will happen unless we get a settlement of the china trade. unless that settlement is good. we have been bullish and i am generally bullish, but how this trade deal comes through is going to be key to how the market does in our view. stuart: okay. not so much of a melt-up you think? not so much of one? >> if it is resolved properly i think we could have a very nice rally. i'm not saying it is negative. i'm saying it is dependent. stuart: we'll watch for it john. i'm moving on. john allison, thank you. >> thank you. stuart: as we told you president is heading to london or will so shortly leaving for the nato summit.

we expect him to speak to reporters when he leaves the white house. if he does, you will see it. later this hour american success story, about combat flags, american-made, made by and for vets. the proceeds go to vets. we'll have them on the show for you. it is cyber monday. we had blow out numbers from black friday. we're expecting blowout numbers from online sales today. how good are secondhand stores doing. we'll talk about threat-up. that is the largest online thrift store. ♪.

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stuart: top of the hour we got some weak data on manufacturing. weak data on construction spending. the dow is down 130 on one stage. we're down 105.

we're down 1/3 of 1%. china still upset at the president's decision to sign the bill in support of hong kong protesters. china announcing today, suspending u.s. navy visits to hong kong. look who is with us, right here in new york city as we speak? commerce secretary wilbur ross. mr. secretary, welcome back. good to see you. >> thanks, good to see you, stuart. stuart: china says, official state media, we would like you, america to roll back tariffs on december 15th. why are you laughing? >> i'm sure they would like it. stuart: will it happen? >> depends on their behavior between now and then. if they make a real deal that we can live with and enforceable -- stuart: talking about the intellectual property, is that part of the deal? >> let's start with agriculture. they promised 40 to 50 billion of agriculture. that is essentially ingredient to any deal the some parts of ip and the other structural reforms

will likely be in phase one but for the most part, they will be in a later phase. so the real question is how far do they go this phase? especially how enforceable? stuart: how far have they gone so far? >> well you don't have a deal on anything, until you have a deal on everything. so they're making progress, but it is one step forward, one step backward. i do think the president is 100% right. they want to make a deal. the question, do they want to make a deal we can live with? stuart: have you any idea when a phase one deal might be signed? can you give us any input on that? >> well, you have a logical deadline december 15th. if nothing happens between now and then, president has made quite clear he will put the tariffs in. the increased tariffs. so the ball is in china's court? stuart: absolutely. you're just waiting for them to come up with something that allows these --

>> we need an overall package that meets our requirements for the phase one. and, if so, a lot of things might be possible. but it is great that he has the hammer of december 15th. that is a real hammer. it won't interfere with this year's christmas. nobody's reordererring stuff after the 15th of december. retailers have stocked up. so, it's a very good time if we have to put more tariffs on. stuart: but you think the president is in a strong position, our president, very strong position because we've got a very strong economy? >> we have a very strong economy and they have lots of problems. the hollowing out of their supply chains is quite considerable. i was just in vietnam a few weeks ago. they're a major beneficiary of the hollowing out of the chinese supply chain. malaysia is getting some. even bangladesh is getting some. so that is a structural problem that will not go away for the

chinese. second, there is too much debt in the economy, in the chinese economy. stuart: okay. >> they have got a real problem with that. third, they have really have had their own consumer confidence hurt severely. so you notice every month they're marking down the rate of manufacturing growth, marking down the rate of gdp growth. my own guess it is probably slower than what they're letting on to. stuart: as commerce secretary would you be allowed to handicap the likelihood of a china trade deal this month? are you allowed to do that? because our viewers we're confuse the confused about this headline, that headline. >> people need to focus on the right deal. you can always get a deal quickly so meeting a december 15th deadline would be easy. all we have to do is roll over. the key is to get the right deal, whether it is by 15th

or it is later. that is what the president made clear throughout. stuart: earlier this morning the president reimposed tariffs on steel coming in to us from brazil. >> right. stuart: brazil is ally. the president of brazil a strong supporter of our president trump. was the president taking a symbolic line, we'll deal with allies like this, we'll certainly deal with rivals like you? >> even our friends must live by the rules. our best allies must live by the rules. what the president was concerned about, was deterioration of the brazilian currency. that is a fair factor to take into account. it's a real factor. the lower their currency, the cheaper products coming in. he felt he had to do something about it. they are not the only one where there are currency issues. for the moment i don't mow that china is such a bad problem with

currency but they have been in the past. stuart: are you enjoying your life in washington? >> we are. most days are good. some days the poison darts get out. that is a little hard. stuart: before the trump administration you used to sit with me on this show. we would talk about the state of the economy. you're all smiles. we always said, no the billionaire wilbur ross joining us now. are you still a billionaire? >> who knows. stuart: you know. what do you think of elizabeth warren? >> well i think elizabeth warren would be a good teacher. stuart: leave it at that? >> yes. stuart: wilbur ross, always a pleasure to have you on the show that you couldn't be more definitive of china trade. you know how it is. >> you have to push i have to resist. stuart: you did remarkably well. you didn't move the market. wilbur ross. much obliged to you. we have tape coming to you momentarily, the tape of president trump what he said to

reporters answering their questions as he left the white house earlier this morning on his way to the nato 70th anniversary in london. right now, dow industrials down 127 point. we have the tape and we're about to run it for you? not quite. not quite. just a couple seconds while getting that tape ready, problem is you. look at big tech. it's a down market. big tech is taking it on the chin. roll tape. >> we're fighting for the american people. it has not been a fair situation for us because we pay far too much as you know. secretary stoltenberg said we were responsible, i was responsible for getting over 130 billion-dollars extra from other countries that we protect, they weren't paying. they were delinquent. we'll talk about that. we'll talk about a lot of things.

we're leading the world on the economy. we have been almost since i became president. but we're substantially ahead of anybody else. nobody is even close. you know that very well and i look forward to having a number of very, very productive days for our country. we'll be working hard. do you have a question? reporter: [inaudible] >> doesn't make it better. see what happens. reporter: [inaudible]. >> no. the democrats, radical left democrats, the do nothing democrats, decided when i'm going to nato, this was set up a year ago, when i'm going to nato, that was the exact time. this is one of the most important journeys that we make as president. and for them to be doing this, saying this, putting impeachment on the table which is a hoax to start off with. if you notice there was breaking news today.

ukrainian president came out and said very strongly that president trump did absolutely nothing wrong. that should be case over. but just came out a little while ago, he said president trump did absolutely nothing wrong. and that should end everything. that will never end it. they will do what they want to do. they're getting killed in their own districts. i think it will be a tremendous boon for the republicans. republicans have never ever been so committed as they are right now. it is so united. it is great thing in some ways but in other ways it's a disgrace for our country. reporter: [inaudible] >> i love going to afghanistan. it was a great meeting. we have a great meetings with a lot of people, you know that, right. he was terrific. it was great meeting with him. my trip to afghanistan was very succesful. we're going to london. it will be nato and we're

meeting with a lot of countries they will have to do a little more burden-sharing. reporter: [inaudible]. china trade deal still possible this year? >> the chinese are always negotiating. frankly, i could be other places that i could do all by myself and be even happier. you understand what that means but the chinese want to make a deal. we'll see what happens. reporter: [inaudible]. >> well, brazil has really discounted, if you take a look what happened with their currency, they devalued their currency very substantially by 10%. argentina also. i gave them a big break on tariffs. now i'm taking that break off because it is very unfair to our manufacturers and very unfair to our farmers. our steel companies will be very happy. and our farmers will be very

happy. [reporters shouting questions] reporter: why don't you send one of our lawyers to represent your point of view before the house judiciary committee? >> because the whole thing is a hoax, everybody knows it. all you have to do is look at the words of ukrainian president he just issued, you know it's a hoax. it is an absolute disgrace what they're doing to our country. [reporters shouting questions] stuart: let's wrap this up. here is what the president had to say t was a brief q&a session with reporters. he was asked is a china trade deal possible this year? he replied the chinese are always negotiating. they want to make a deal. we'll see what happens. he also mentioned brazil. he would reimpose tariffs today on steel coming to us from brazil. more on that, susan? susan: he talked about the devaluation of the currency in brazil by 10%. he said he has given them a big

break when it comes to tariffs. now looks like he is putting them back on. secretary ross told you, brazil makes up 4% of u.s. steel consumption. not a big deal. stuart: not a big deal. i don't see how you can avoid your currency losing value when your economy is really in deep trouble. i don't see how they are blamed for that. what about impeachment? ashley: first he criticized democrats for holding impeachment hearing while he is at nato. he then was asked, why won't you send a lawyer to the impeachment hearing to have your point of view heard? he said it is because it's a hoax, that is and quote, an absolute disgrace. stuart: i don't think any of the president's comments moved the market. ashley: no. stuart: i think the dow industrials are down 150 odd points because of that negative news on manufacturing top of the hour and not so much, but also the negative news on construction spending. susan: i think trade has had a impact on sentiment at least.

we took a leg down during the news conference. we're down triple digits. if you reimpose tariffs on brazil and still negotiating with china as we have a month to the end of this year, what does that mean for phase one? stuart: well-said. we're down half a percentage point on the dow industrials. this is so-called cyber monday. record spending online is confidentially expected. black friday saw records too. 7.4 billion online alone. that was black friday which is supposed to be the day for bricks and mortar and malls. as the holiday shopping season gets underway, extreme weather affecting parts of the country. that may help online sales, if you can't get out, you stay in, you go online. that story next. ♪.

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now to see if your doctor is in our network; to find out if you can save on your prescriptions and to get our free decision guide. licensed humana sales agents are standing by, so call now. ♪. ashley: don't play this one very often. stuart: did you know? ashley: no. stuart: this song was written right after -- parking meters were first introduced in britain. at the time parking meter ladies, like rita were very unpopular. because before the parking meter you could park the car anywhere as long as you like. along came the parking meters and, then the beatles came out with a very nice song, about lovely reader meter, rita. susan: what year were they introduced?

stuart: 64, 65. i remember seeing them pop up in london. ashley: what a sad sight. stuart: look at it now. enough of that. check the big board, not quite the low of the day but we are down. 155 points lower. of half a percentage point to the downside. show me google. because the european union is opening a new antitrust investigation. this is what their data collection? ashley: the data collection practices. apparently, reportedly involves local search services, on lied ads, ad targeting, long in services, web browsers, so much more. eu regulators fined google more than $8 billion in recent years over antitrust issues. you know, they're also facing heat here in this country, google, from -- susan: antitrust. ashley: antitrust. stuart: we keep hearing something about antitrust stories against google but nothing happens.

ashley: until something does. stuart: we're well below $1300 a share. maybe this is having impact. impact from the winter weather. real tough on people trying to get home for back from the holidays. kristina partsinevelos at, laguardia airport new york city. tell me about the delays. go ahead. reporter: storms sweeping across the country causing a lot of headaches especially at airports. according to flightaware, newark is the worst followed by laguardia. i happen to be standing in front of the american airlines board. we reached out to them. on the board there are five delays. according to them 7900 flights they have, only 75 cancellations. unfortunately the vast majority of them are in upstate new york as well within the new york region. but if we're talking about the storm, we're expecting wind, ice, ice being a major factor for a lot of these planes.

you can see the weather. it stopped raining. it is not as bad. it is very slippery. that is causing numbers across the country. total delays across the united states at the moment, over 1200. there is over 275 cancellations. this is according to flightaware. obviously will create some type of economic impact, especially during this busy, busy time. but stu, right now it has not been too unpleasant for some of the travelers here. wait times are ten minutes. you're seeing increasing number of delays and cancellations across the board. back to you. stuart: i'm glad i'm not traveling. i'm glad i'm not at laguardia. that is the way it is. kristina, thank you very much. cyber monday, yeah, it is. lauren simonetti is checking out the best offerings. give me hot deals now? >> buy online pick up at store. that rose 40% over the year.

children's place, limited time, save extra 5%, buy something online, go to the store to pick it up. on this website, everything 60, to 80% off. if you pick it up in store get an extra 5%. look at the that, we're too lazy. i must have it now to owe as opposed to item to ship. tvs, good deals today. average 19% at walmart. 65-inch much smart tv, $700. that is way more than 19%. that is almost half off the deal at walmart. finally, luxury, luxury is very good deals thanks to the barney's liquidation. bergdorf goodman, 60 off. many designers. that is rare. usually don't see luxury items. not just bergdorf, but many online retailers. stuart: you got our tanks on that one. 60% is discount i can go for.

>> on my commute to work, bought a lot of items for myself. real by good deals at really good stores. stuart: that is part of the work day. thanks, lauren. i want to bring in kristin benz with the kb adviseory group. kristen knows about online. this sounds ridiculous, i know it does, when will we see online shopping, christmas presents, hanukkah presents, when will online shopping for those presents exceed shopping for those presents in bricks and mortar stores in malls? >> i think we're close to seeing it. in fact after today's cyber monday you may see it completely replace it. we had so much handheld shopping on thanksgiving day, black friday, cyber monday, i think 2019 is the year where it overtakes bricks and mortar to answer your question. stuart: 2019? really, already? i'm not counting grocery in this at all, obviously not food

items. i'm not counting that. saying when it comes to shopping for present in this holiday period, you think this year, online, boats bricks and mortar? that is kind of quick, isn't it? >> it is kind of quick. this has been a while in the making. look at amazon. look at target. look at walmart. we've been training the consumer. finally the retailers are catching up to consumers. it is actually like a consumer evolution story, really. that is so fascinating about consumer behavior. so, this could be the year, stuart. stuart: yeah, this could be the year, stuart. i heard that before. my problem with going into a mall, or a department store or shops and malls is, that computers have not speeded things up. you stand in line. you got counter hands who really don't always know that much about the computer, how to take a credit, how to take a return, how to take this and that. so you end up waiting online for

a long time. i don't think people want that any longer? >> i heard this out of your mouth before. very much like love actually, where you're standing at the cash wrap forever, waiting for someone to catch up. so that is the irony of consumer retail is, that they have all of these fantastic measures that they're putting in to get your dollar online. remember we have a saying in retail, just take the money. if you can't just take the money, that customer moves on. stuart: stay there for a second, will you please? i want to report of crash of costco's website. i think it was on actual thanksgiving day. it cost costco a lot of money, didn't it, susan? susan: $11 million, because after 16 hour outage. affected 3 million customers. $10 million isn't a lot of money. if you think about it, that is lost revenue for customers that go elsewhere as well. that probably impacted them through the three-day long

holiday weekend, right? stuart: i really like costco. i like their business model. i love their stores. susan: recurring revenue, membership fees, all that great stuff. it wasn't just costco. nordstrom, home depot experienced delays as well. that impacted on a record thursday which had $4 billion in spending for americans. especially stores that opened for the very first time. stuart: kristin, come back in again, please. this sounds like real bad news for the cost coast in this world. you have 14, 15, 16 hour crash of your website. that's really bad. >> that is a lot of dollar hotdogs, stuart. i don't know what they were thinking. stuart: well, you know, i don't know what to do about it. i don't know what they can do about this, but it seems to be a, not a great thing to happen to you? >> you have to be prepared. it is so ironic a company as large as costco which is so used to moving large amounts of product through channels would be asleep at the wheel here.

this is another example of retailers that really have to pay attention. we know it is the christmas season. comes every year. why weren't you guys ready? i hate to be at the meeting monday. stuart: we're not. kristin, thanks for joining us. see you real soon. >> my pleasure. stuart: we have a success story for you. an american success story. this is about combat flags, they're american-made and made by a vet. the proceeds go to helping vets. that company with us shortly. president trump gearing up to leave for the uk. he will attend a meeting with nato leaders. he will also meet the queen. we'll expect him, he has already spoken with reporters. we told you what he has to say about china trade. did not move the market. next, china wants tariffs rolled back on the phase one trade deal. so are we going to see a deal signed anytime soon? commerce secretary wilbur ross was dubious about that.

ashley: he was. stuart: wouldn't, non-committal, thank you. he was on the show earlier. he was non-committal about that phase one deal. ♪. we'll be back. i'm your 70lb st. bernard puppy, and my lack of impulse control, is about to become your problem. ahh no, come on. i saw you eating poop earlier. hey! my focus is on the road, and that's saving me cash with drivewise. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me. sorry! he's a baby! (shaq) (chime) magenta? i hate cartridges! not magenta! not magenta. i'm not going back to the store.

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stuart: one stage we were down 200. now we're down 140. that's about a half percentage point. this is a down day, despite the strength of consumer spending. have a look at mcdonald's. they have announced they started to test their southern-style crispy chicken sandwich. they will test it today in houston and knoxville. they're going after popeye's and chik-fil-a. mcdonald's stock languishing at 194. cyber monday, let's get back to that. there is a connection here. thredup, billed as the largest

online thrift store. the ceo and founder james reinhardt is with us now. james, you are the largest online thrift store, that it? is that true? >> that's it, stuart, yeah. stuart: so i, is it like a consignment store? i send in my stuff and you put it online and try to sell it? if you sell it i get a piece of the action, that how it works? >> you nailed it. you're good at this stuff. you send us things you are no longer wearing. we put them online for other consumers to buy. >> i wouldn't have thought you would do very well in december, because, i'm not so sure i would go and buy and give somebody secondhand clothing as a present, you know what i mean? >> yeah. i mean that was true over the last few years but the tide is changing. consumers increasingly embracing secondhand there was a report out by accenture. more than half of people would be willing to accept secondhand exist this is christmas. we did research among our

customers. we found out eight of 10 young people were willing to give a secondhand exist. so i do think that the tide is changing. stuart: how much is your business improved this year compared to last year? how much are you up? >> we're up huge this cyber monday, black friday, this whole weekend has been very, very big for us. stuart: when you say up huge, give me some numbers on this because i'm intrigued. we know it has been a very, very strong online holiday season so far. you give me some numbers. >> yeah. thanksgiving and black friday we were up over 100% year-over-year and we're seeing the same trend off this morning. and so, it's a very, very big time for us, you know the growth is very strong for our business. stuart: now, i understand, that tomorrow is called giving tuesday. you factoring up for that? you know, gearing up for that? >> yeah. we do giving tuesday a big part

of the year. we do charities for the year. one of the things we didn't call attention to you, if you send us stuff you are no longer wearing, instead of making money for it you can donate proceeds to charity. a big part of thredup's business model you can make money and do good. stuart: can you tell me how much money you're funneling towards charities? >> i don't have the number off the top of my head. 10% of customers choose to donate proceeds. it is not half, 10% of the average customer does that that is a good number. stuart: how long have you been in business. >> we launched the business about 10 years ago. stuart: thredup, the largest, online thrift store in the united states. 10-years old. you run it. you're expecting a big day tomorrow. james -- >> we are. stuart: i wish you well. a terrific business model. that is fascinating. thanks for joining us.

we appreciate it. >> thanks for having me. take care. stuart: disney's "frozen 2" made already what, $700 million worldwide? wow, that is worldwide. only been released 10 days ago or something. how much did it make in america over the holiday weekend? susan: 124 million from wednesday to sunday. if you take it globally, made $249 million in the five days. this is the second weekend it's been out. we're looking over $700 million in total. really disney has owned the box office this year, owning 50% of the take, including over thanks giving weekend as well. they're on track to make 10 1/2 to $12 billion just from the box office. that factors a very strong opening for the "star wars" movie next month. stuart: that is this month. susan: right. stuart: can't remember the name of this one. ashley: "the rise of skywalker." this is the final chapter of the

skywalker saga. we had "the force awakens" and "return of the jedi." 200 million out of the gate. stuart: 200 million. ashley: this is the last "star wars" movie for a while. it will go on hiatus. susan: come on. ashley: it will go on hiatus for a few years. we'll find out early january. j.j. abrams co-wrote and directed the latest one. iger said, we'll be doing some things but wake back a little bit for film versions. susan: think of the merchandising. one of the best-sellers, over black friday, cyber monday, "frozen 2" toys. stuart: yes. susan: think how well baby yoda will sell. stuart: can't wait. ashley: when it's available. stuart: president on the way to london. he will attend the nato summit. next hour, nigel farage joins us. how will president trump be received over there? nigel will tell us. the white house has released a preview of this year's

christmas decorations. the theme this year, the spirit of america. in the next hour we'll take you on a tour of the new christmas decorations in the white house. you'll see them. next we have veterans lining our hallway holding combat flags. this is another american success story. those flags are made here by a veteran. the proceeds go to veterans. we have the full story. an american success story for you after this. ♪.

stuart: check the big board. low of the day, ladies and gentlemen. we're down 208 points, 209 now. minus 3/4 of 1%. we have negative read on manufacturing and construction spending at the top of the 10:00 hour. the president made some not so positive remarks about trade, combine it all. you have got a 200 point loss for the dow industrials. that is where we are right now. we're down across the board today. awed side of our studio, 10 veterans holding specially designed american flags made of camouflage uniforms from different branches of the military. this is an american success story and here to explain, combat flags, is the ceo of combat flags, former sergeant

dan beri, is that the correct pronounce situation? >> yes. stuart: we have the flags on display out there. camouflage uniforms here? >> yeah. so the flags that i make are actually made out of duty-worn fatigues. that is what you have got right here. the purpose of combat flags to support veteran-owned and operated non-profits working to lower suicide epidemic rates within the military community. stuart: why the combat fatigues? >> fatigues, they're the most iconic piece of gear anyone is issued in the military. what the average civilian recognizes, what they see. i figured if i take something we have so much of, turn it into something i could share with the world, they could hold, touch, feel, get a sense what it means to serve. actually each of the flags comes with a short story about the person who wore the material we used to make the flag. stuart: ah. >> it takes military service out of the big numbers on the news. makes it personal to joe, to jessica, to rob, whoever the

soldier, marine, whoever. stuart: if i were to buy one of those flags it comes with a story, which serviceman or women contributed the camo and you will rest of isn't. >> yes. stuart: who made it and away we go. >> correct. stuart: how much? >> the flags we've got here, the original combat flags out of duty-worn gear are $35. larger outdoor flags are $38. stuart: how many have you sold so far? >> tens of thousands. stuart: you have? >> tens of thousands. i started it with 50-dollar investment out of my bank account. it has grown to what it is today. the biggest reason, from these flags i make 50% donation to a non-profit called stop soldier suicide. stuart: fantastic. >> fantastic. this is part-time hustle. i have a full-time corporate gig out of this. stuart: well don, young man. combat flags. >> combat flags.com. all over facebook and instagram.

stuart: that is american success story. we appreciate you being with us. >> thanks for having me. stuart: you'll be back, if you're not careful. thank you very much indeed. president trump heading to britain now, where he meets with nato leaders. how will he be received? what do the brits think about the president? we'll ask nigel farage for all people. elizabeth warren doubling down on the rich, saying no one in this country got rich on their own. we're all over that next hour. guess what, pete hegseth will be with us. i think we have a booming economy. blowout numbers on black friday. mirroreds expected today. cyber monday. that is my take. we'll cover it next. ♪.

stuart: isn't this ridiculous? on one hand we have a movie-- booming economy, the trumpet economy, the best in years holiday shopping season, but in congress the democrats are trying to remove trumpet from office, impeachment returns this week are quite a contrast. for money is doing fine, but congress is a mess and doing nothing. look at what is happening this week. today's cyber monday and just about everyone is predicting a new online selling record, the weather is on amazon's aside and we have already seen blow at consumer over thanksgiving and this friday we will hear more about strong job creation a record low unemployment. check your 4o1k and see if you really want to throw this president out of office. that's what the democrats are trying to do. on wednesday they have lined legal experts to

testify for our after our about what charge they can use it-- to get tromped out. lawyers try to convince us to overturn the 2016 election in my prediction is the trump hating media will be all over the series, but america will ignore them and so will investors. it's no accident the market hits records high as impeachment rolls forward. it is a swine operation and just as the democrats try to bring him down president trump will be across the world stage celebrate in the 70th anniversary of nato in london, what a contrast. the president dominates the meeting of world leaders and the democrats bring in the lawyer's. i guess we should be happy. therapy is a wonderful thing, but this vengeful hounding of the president leaves a bad taste in your mouth. the third hour of "varney & co." is about to begin.

stuart: let's get right at it with jason, managing director. jason, i say investors do not care about impeachment. what say you? >> clearly the collective wisdom of the markets suggest investors don't care. you have a consumer which you alluded to before that is greatly empowered between record low employment, wages on the rise and look at this weekend alone an ad in today's sales with looking out over some 20 odd billion dollars in online sales and that's just online. >> forget impeachment it doesn't count on wall street, but that's because no one really thinks he will be thrown out of the oval office. >> it's a statistical improbability. the market discounted that a long time ago. proceedings many view as an utter bore and i

think the focus has been and it should be on the real data which has been incredibly strong. stuart: you say-- i read your stuff. >> someone does. stuart: you said that the investors were wrongfooted the sheer. i think that was your expression, wrongfooted. what do you mean by that? >> there was several trillion dollars on the-- the sideline, hedge funds were short, mutual funds underperforming, so you have investors climbing the proverbial wall of worry having to buy into what has been robust data that empowers them to start it involves. stuart: so they kind of missed the boat with all that money on the sideline. >> a lot of them have, correct. stuart: down to under 25 points right now, that's a pretty strong selloff. is that just because of the weak manufacturing number at the 10:00 a.m. hour and we construction spending or is there something more?

>> i think it's largely manufacturing numbers. i was pleasantly surprised to read this morning that china's retaliation or lack thereof with respect to the hong kong bill, i thought the market in the week we-- at least we started the day with a positive reaction, but he gets back down to the feasibility of when we get trade because to get trade we then have to have business spending which in turn continues to empower the consumer. stuart: so, we don't have a serious problem although we are down 200 points. >> we had a terrific month, the best month since june, the s&p up, let's not fret about garden-variety pullback today. stuart: why would a man like you in a position like yours say you like gold and suggest investing in gold, why? >> because there's part of an overall asset allocation having a portion of your money in a store of wealth makes

sense. all the factors that drove gold up earlier this year are still intact. went straight-- trade started to gain traction you saw pullback in the price of gold but real rates are likely to remain low and global economic wrist-- risk is still bit tightened and you continue to see flows of dollar into gold, central bank continues to buy gold so i'm not suggesting it being a large portion of a portfolio, but has a bit of insurance policy, most certainly. stuart: pratt-- 5% in gold? >> no more than that. stuart: how would you buy the gold, gold coins, gold mining shares, what would you buy? >> the best way to express it is through exchange traded fund. it's not the perfect way to track the price, but given the liquidity and transparency for most individual investors that is the way to go. stuart: gld? >> that's right. stuart: but no more than 5% of your money? >> that's right. stuart: no way; right?

jason, thank you for joining us. >> thank you. stuart: i wait you to check disney, show me that stock with a down day and disney is down a couple of bucks, back to 149 but they have an extra day run up success weekend with "frozen to" we covered this before but it is so outstanding speech you in five days $132.7 million at the domestic box office, worldwide 738 million on track to be disney's 6 billion-dollar movie of 2019. could there be number seven? absolutely pure december 20 and it news style-- "star wars" arises. if this tops that disney could have seven, billion dollar movies 2019. >> i hate to go back to

this, but baby yoda, a disney product c2 streaming only. stuart: where's the baby yoda merchandise? susan: you can get t-shirt and toast and mugs but no toys. stuart: why not? susan: hasbro will have it ready until 2020. stuart: why doesn't have it ready? susan: they pull back on the promotion early, so i guess they just didn't get it in time. stuart: you mean they were watching the show. our producer insisted that baby yoda was a cultural phenom. do you think it is? susan: i have not watched "the mandatory in" i can't say. >> i have not. susan: the internet loves it. stuart: i have to take a producer's word for it. one last item, starbucks has a drink inspired by baby yoda. susan: you know it's a hit when starbucks has it.

i'm on instagram and kids are posting pictures of the baby yoda from pacino. actually,-- would you buy that? >> looks like a diabetic coma drink. susan: kids love this stop. stuart: anyone who doesn't have very very young children or grandchildren hasn't got a clue what this baby yoda stuff is c2 it's a secret menu which makes it more cool. stuart: like it or not, i'm moving on. susan: please. stuart: elizabeth warren is doubling down on her war against success tweeting that same soundbite from 2011. criticizing the wealthy saying they didn't build their businesses. pete hegseth, reaction to that coming up. president trump conjoint base entries on his way to london. out the british will react to him. i will ask nigel farage,

this is the third hour of "varney & co.". we are just warming up (vo) the moth without hope, struggles in the spider's web. with every attempt to free itself, it only becomes more entangled. unaware that an exhilarating escape is just within reach. defy the laws of human nature. at the season of audi sales event.

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stuart: cosco had their website crash. i think it actually happened thanksgiving day. how much did it cost them? >> estimated $11 million it is $11 million that could have gone elsewhere. they were down for 16 hours and what you saw on the screen was intermittent slow load and reaction times, so after that-- it affected 2.6 million users who may have gone the other way. these things happen, worst time possible, but it happened to target last thanksgiving.

in their site crashed as well but not good news for cosco. they will probably make that up the. stuart: stocks have retreated a bit, but not that much. elizabeth warren's were on the wealthy gets a lot of attention, but it's nothing new. d remember this? roll tape. >> class warfare, whatever, no there is no one in this country who got rich on his own. no one. you've built a factory out there, good for you, but i want to be clear, you moved your goods to market on the rose the rest of us paid for. stuart: that was eight years ago and she just tweeted this, i mean, she has double down. here's what she just tweeted: it's a point i've made sense my first campaign, no one in this country got rich on their own. they relied on infrastructure we all paid for, employees we all paid to educate, so

if you are successful good for you, now pay it forward so everyone has a chance at success. what you think about that, more to the point where does pete hegseth think about that. "fox & friends" weekend cohost with us now. go. >> doubling down on a position like that reinforces why i believe elizabeth warren will not be the nominee, she certainly won't be president of the united states. she says she's not a socialist. if you are a big social issue meaning-- you believe in the means of distribution so since she says the means of distribution are something we pay for, now, we need to control the means of production and attics lanes by she wants wealth taxes and to tax the legionnaires and millionaires much as possible. think of it this way. i send my kids to private school yet i still pay property taxes, does that mean i should go to the graduation from the kids of the protest-- public school and say you should thank me for the public education you got

of course we all pay for things sometimes we don't use, but it doesn't mean that america is not special for what you build through the hard work you give. its lunatic politics and won't connect with average people. stuart: what surprises me is that she came out with the medicare for all plan, what was it $32 trillion? >> outrageous. stuart: it was criticized harshly. she sank in the polls, she really did and now she comes back with more socialism. i don't understand it. >> it's because that's who she is. the political reality sunk in and she said will get rid of all of your private health insurance. then she backtracks and says but, i won't do it until the third year of my presidency because i need to roll it in because the political reality sunk in. at the end of the day the only way she has a chance is to be

authentic. the problem is she's authentically socialist and as the president said america will never be a socialist country at least not at this time on his watch which makes her elect oral prospects about as good as yours. stuart: and i wasn't born in the united states. i will show you something from joe biden over the weekend. he appears to be biting his-- look. i don't get it. is that a little creepy? >> it's just creepy joe biden. get that finger over here, i will take it, i mean, who does that? your wife, fine, whatever. >> is kind of the weird uncle you try to avoid at thanksgiving. someone you wouldn't mind may be having a beer with. he will tell a story that doesn't make any sense and you can laugh about it later. there was the thing about the hair on his

leg, weird stuff he's talked about. he's also not going to be president of the united states because imagine him and i debate stage. he says he will stare down donald trump in a debate. imagine him attempting to go toe to toe at a national debate? people be what is he saying? stuart: joe biden will get the sympathy vote because no one wants to go up against donald trump. >> it's weird and creepy and every day it is the report about what trump said. barack obama plucked him out of the 1% pile dirt never been more then% joe. he doesn't have a rationale. no malarkey, no one knows what it means. even put the definition on the bus because it hasn't been used since 1950. stuart: i don't ever want to cross you. one last one. our last segment, saying

you got a get into gold. get into gold, i present your your money or does that make you think twice about your family bitcoin? >> no, i'm already in. stuart: switch to gold? >> i already have crypto gold, it's a bitcoin. keep the competence of their. political and socio- negative-- socioeconomic complications. china is coming against a bitcoin because they hate its ability really to undercut totalitarian government. there is revolutionary upsides to bitcoin. i can't give you predictions. stuart: i went to see the price of bitcoin-- i don't want to see it come down anymore because those drug dealers will be bankrupt. >> and my kids won't go to college. stuart: thank you for joining us. couple of individual stocks are moving. roku down big, 15% down. morgan stanley says it's underweight.

>> downgraded it. stuart: said it will be difficult for roku to keep profit growth going as steady as it is. look at that, 15% down. casino stocks, macau, gambling revenue down on china trade worries. vegas sans is down, melco resorts is actually. first lady melania trump getting into the christmas spirit. we have an inside look how she decorated for the season complete with a mini white house at that calendar. we will show you everything next (chime)

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stuart: first lady melania trump has unveiled white house christmas theme. what is it called? >> the spirit of america she put out a tweeted late last night, just showing some of the gorgeous decorations. she put out a tweet saying the spirit of america is shining in the white house and i'm

delighted to share this exhibit of patriotism for all to see and experience the beauty of the christmas season. stuart: absolutely beautiful. what is your take? susan: that scrabble ornament to just size part of your-- her the best campaign and also there is a cold start decorated christmas tree for all of those that lost their lives in service for our country. stuart: stunning and classy. let's get to your money. it is indeed cyber monday shaping up to the biggest online shopping day ever. that's a big deal. we had the ceo of retell me not, that's a website that gives you online coupons for your favorite stores. my question is, do these coupons actually work? do people use them? we will ask. a winter storm blanketed in at least half of the country as people are trying to get home from the holidays. a jeff is that o'hare.

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stuart: it is a down day. we were up 200 on the dow industrials, down 24 in the s&p is significantly lower, 105 points down the nasdaq, so bad manufacturing numbers in the 10:00 a.m. hour and week construction spending numbers at the same time , that is the primary force pushing stock prices down. now, the weather well that's making things difficult for people trying to return from their holidays. jeff is that chicago airport. jeff, it seems to me the last thing those frustrated travelers one is you and your camera stuck in their faces. are you getting some resistance? >> people are very friendly. i see a lady with a dog. oh, he bit my finger. >> he did? >> no, he's fine. i have good news, mr. varney.

if you look outside the funnest shining in chicago and that's positive. the northeast there is still a problem. i want to take you to the boards and let the bother someone. you are going to manila? >> yes. >> are you delayed at all or are you okay? >> my flight is 4:20 p.m. i came in from iowa on a dallas-- a bus so i went to be sure i was here at the airport so i came in from last night. i'm going at the later flight. >> but, you are all good >> yes. i was wondering about you guys. >> i'm still here, still bothering people. i leave you with the board, mr. varney. there are some delays, northeast particularly, boston, new york, philadelphia to some degree, but international flights are all good and the sun is shining in chicago. we like to leave you

with a blue skies. stuart: you almost lost a finger there. >> that dog may have been small, but he had big teeth. stuart: you are bothering people, bothering dogs, who cares, what a guy. we will get back to you later on. >> that's what he gets paid for. stuart: if you figured you'd stay indoors with all the terrible weather, you are probably shopping online. let's bring in our next guest, ceo of retell me not. that is the online coupon people. marissa is with us. marissa, i thought the coupons that day has come among god. tell me i'm wrong. >> you are wrong. on sorry to say, but coupons are changing. pricing and best prices still the number one things consumers think about this time a year when shopping for themselves and friends and family.

how you get to the best price could be a coupon, cash back, free shipping or all of those above together, but price still matters in addition to convenience and will i get my item on time and coupons are one-way retailers get there. stuart: fair point, i don't mean to be down, i just haven't used them recently. so, i go to your website, retell me not and i am presented with a series of coupons i can choose from and download them i guess. i get the discount. i always get the feeling that you are tempting me too buy something that i don't really want. 20% off oh, i went back, but i don't really need it. do you know what, i mean? >> this time a year is about finding the best price on something you're interested in and the thing about retell me not, we are a website and at or you can find discounts, coupons on cash back with basically every major retailer.

you can copy and paste the coupon when buying at checkout or show the coupon code to an in-store person while checking out if you are buying in-store, but it's pretty easy to use. .-dot concept we see is about 50% of americans say they will spend more if they have a coupon or a way to save with that retailer so think it-- sig alert as a way to do more with the money you have and less of an incentive to buy more. stuart: i understand, fairpoint. had he make your? do you get a piece of every coupon used? >> yes, we have an audience of over 20 million mobile monthly users and retailers and brands at restaurants pay retell me not for access to that audience so think of it as a way to drive traffic to every major retailer because we have such a large active audience of consumers looking for savings and discounts. stuart: how long have you been in business? >> about 10 years. we started as a desktop

website and evolved into a major mobile powerhouse with regards to spending consumers actively shopping. stuart: if you are a major mobile powerhouse, and you are 10 years in business, are you going to tell me your gross revenues for this year? you don't have to, but would you? >> i wouldn't. i will say we are doing well and our mobile business is growing and we are excited about expanding not only into new categories of retail , but food and dining. over the past few much you can save on a lot of your favorite food and dining establishments all over the us, so look more growth to-- from us. stuart: brilliant evasion of the question, but i don't mind. marissa, interesting. thank you for straightening me out. lauren simonetti is with us and she's been tracking deals, cyber monday deals all day long and she's back

life. what is the latest deal? >> better than black friday. the ring doorbell, $129, 70-dollar discount. this is the time in the year to buy big-ticket items. home depot, look at their appliance section, up to 40% off in addition to other perks. who $2 a month if you sign up for an annual who subscription and a disney plus, $10 saving so if you do the annual pass its $60 inside of 70. stuart: those really are deals. interesting. i find that fascinating. >> i will give you 10% off the next story. stuart: before we go there, the attention, the bottom right-hand corner of your screen, a market

selloff's. almost the the dell-- day, below 20000. it is on manufacturing and construction spending hurting the market. next cases netflix, the irishman came out over thanksgiving and did well? >> it did very well. we don't know the numbers. bird box came out a year ago and did well, 45 million i think viewings or downloads. we don't know the number sure this. three and a half hours long. people may not have gone to the box office as much. and fax box office receipts are down 60% year-over-year in the holiday period. i watched it, the irishman, fantastic. my wife was asleep in the first five minutes i woke up at the end and said was it any good. stuart: as the beauty of watching a long movie at home.

you can pause it, do you want to do and it's a lot-- not like watching in the cinema where you are trapped. >> in the old days you would have intermission, no such thing any more. stuart: we don't have the numbers for netflix. we don't know how may people watched the irishman. >> i've a feeling it did very well. stuart: overall downmarket. may be netflix is just swept up in. president trump is on his way to london for the nato summit and coming up nigel farage live from london i want to know what kind of reception the britts will give our president and what is this about america getting involved in britain's national health service? not popular with the britts, will tie you that. keep it up-- keep it on "varney & co.". each day our planet awakens with signs of opportunity.

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stuart: chinese state media, the global times reporting that china wants america to roll back the terrorists as part of a phase one trade deal. edward lawrence, come on in, please. roll back those tariffs, that's what we want. >> that's what they have been after since the beginning of this trade process took about a part they possibly could about a problem, the president signing the hong kong human rights meal-- bill into law and the chinese retaliated. that did not derail the trade talks as they go forward. us saw as china sees that hong kong issue separately. as you said the chinese state media saying they insist the us rollback the tariffs on your program. secretary wilbur ross said of coarse the chinese was the tears

rolled up back because that's what brought them to the table in the first place. listen. >> the chinese are always negotiating. on that very happy where we are and frankly i could be other places and be even happier and you understand what that means but the chinese want to make a deal. we will see what happens. >> we do not expect the phase one deal on paper as the president is in london for those nato meetings but the two sides are talking and that is a positive. stuart: got it, edward lawrence, thank you. president trump is on his way to london for the 70th anniversary of nato. come on in, nigel farage peer good to see you back with us again. >> thank you. stuart: tell us what kind of a reception with the britts get to our president? >> there will be some protests. those protests are based

around some complete myth about the national health service and how once a brexit's been achieved on the trump will buy up our health service. that's a nonsense. i don't think you will see the kind of protest like in the past when president trump came to the uk. i think actually public opinion has softened towards the president. unlike our politicians he actually keeps the promises of that which he elected. the summit itself is very important. for 70 years nato's bit at the center of the european defense and it's now facing threats unlike at any other time in its history. on the face of it, is because over 20 of the 29 members refuse to pay the 2% of gdp in defense which is the membership of the. behind it is something bigger. of the european union has created a european defense union. they want to complete

their army, navy and air force by 2025. listen to what the president and others are saying they actually want to break nato or they want break nato by their instinctive anti-american in the european union and so the pivotal role in all of this is boris johnson and the britts because if we do not cohead with the european defense union it loses its biggest military power and i think if the british that need to save nato. i don't believe for a moment president trump will ditch america's commitment to nato but the others have to start playing the game so it's a big moment. stuart: i see a big role for britain and america emerging again a special relationship because the britts need america and america needs the britts in that nato alliance. i mean, it seems like this is a special relationship, which is really developing and it grieves me too see this kind of major development, our

president striding the world stage and back home they are trying to get him out of office with some impeachment deal. it really bothers me. >> yeah, to us of course the impeachment proceedings are a bit of a mystery and it looks like it's dogging american politics. one of the great successes for donald trump is been in the field of foreign-policy and just the very fact he's been able to meet with the north koreans and that he's not a persistent warmonger and that he genuinely once met-- nato to grow up and start paying the membership fee. he's remained a vital position. we haven't even mentioned intelligence sharing, the english speaking five countries that share intelligence when we threat. i'm actually with you. i think the special relationship now in terms of global geopolitics is more vital than it's been for

decades. stuart: let me tell you how people see things going from over here. in america, we expect to see boris johnson when the general election on december 12. and he will then take britain out of the european union. i think it's by january 31. that's the way americans see things progressing. you may not agree with that or like it, but that is what we think will happen. your comment? >> i am the father of brexit and i think many acknowledge that. i want brexit and i think boris will get the majority perhaps not big one, but he will get the majority and deliver brexit, but i'm pushing as hard as i can to say make sure it's not brexit in name only. make sure we are trapped inside this thing for many years to come and make sure we are free to do new deals, new relationships around the world and a fresh start on trade with the usa would be a very good place, so is brexit coming?

yes. will it be the right brexit? the jury is still out. stuart: one fast when. is london still reeling from that terror attack they had i think friday of last week? >> yes, it was friday and to some extent we are really. we have seen this in the past, but the real shock is we have 70-- 75 people who have been convicted of terrorist offenses, some planning mass slaughter attacks who have been let out of prison having served to this as short as a six years and are now pretty freely wandering the streets of our country. i am absolutely outraged by it. it to serve you in the united states of america took its the extent to which the liberal elite i'm afraid aren't charge of the system. stuart: i would've thought that news item you just revealed the 70 people let out early, that's a pause for boris johnson because he surely takes a hard

line on this stuff. >> you have not so, but he's been part of the government in power for 10 years and frankly very very soft on this. boris since the outrage has said he's very angry about these early releases, but he's been part of a government that's done nothing, not lifted a finger to stop it. these of six men planned a massive on the london stock exchange aiming at hundreds if not thousands of people killed. they served six years in prison, all of the six were released, one has been re- imprisoned for fresh terrorist plot, one has broken his parole terms and is back inside and a third has committed slaughter on a london the bridge and there were 75 more people out there like this. i cannot tell you how angry this makes me. stuart: the whole country, i'm sure. nigel farage, thank you for joining us. thank you. we have some stocks moving big time today.

remember it's an overall downmarket. zoom communications as a big video conferencing startup down big. selling over 1.13000 shares in the company with $950,000 insider selling down goes the stock. beyond meat, they are down. they are looking for a reason-- we are looking for reason, down 5%. they are rolling out their fake meat at taco delmar. that the mexican fast food chain and we will keep our eyes on the stock that is right now down 5%. next, kamala harris, one of her top aides quit as a blaze of glory over the weekend writing a scathing resignation letter about how poorly the campaign treats staffers and guess where she ended up, over at michael bloomberg's campaign. what a story. more "varney & co." on that after this

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kelly sadler is with us former special assistant to the president. the president is ignoring these hearings or do you think that's a good strategy? >> these hearings are nothing but a parsing the show, absolutely no evidence has been presented in over 30 hours of testimony thus far to get the president has done anything that rises to the high crimes and misdemeanor clause in terms of impeachment of the president. listen, the way that jerry nadler set this up, he said only three days to prepare for his public testimony if he were to do so wednesday. they outlined it while he said nato overseas conducting foreign-policy. that was partisan, intentional. when you look at-- back at bill clinton, they gave him to have weeks to prepare and they have given this president three days and we don't know even know who the witnesses are. there some constitutional lawyers

so, no, i don't think the president should participate because it's nothing but a parson show in which we know the end result that house will poach-- go to him preach and it will to the senate. stuart: and it's boring to boot. a top aide to pummel a harris quit joining the bloomberg campaign. she said this is my third presidential campaign and i've never seen an organization treat staff so poorly. while i so be senator harris is the strongest candidate to win i no longer have confidence in our campaign or its leadership. she jumped ship to bloomberg. kelly, it my opinion would be that kamala harris campaign is just about over. >> not only did she write that letter but it looks like she elected to the "new york times" who wrote a story over the weekend that read like an obituary with more than 50 campaign staffers foreign and current saying what the disarray the campaign is

when you sign-up for a campaign you need to believe in the candidate and believe in their message and what kamala harris problem is she has no aspirational message or strategy to win so i wish the former campaign staffer good luck because it looks like she's jumping from one sinking ship to another. stuart: it's hard to sink a ship worth $54 billion. >> but, one that wants to ban sodas and take away your second amendment right and one that says you should tax the poor because they will be better off because they can't spend their money on things that are bad for them. i don't know if it's a democrat, independent or republican matt thinks he has a chance. stuart: you got that in nicely. thank you for joining us on sure we will see you soon. >> thank you. stuart: more "varney & co." after this.

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stuart: just a moment ago we had kelly sadler who is with the republican party and the trump campaign. look, no democrat will support mike bloomberg. i'm not so so sure that's right, lauren. i think owe might well be the democrat nominee. lauren: i agree he is definitely challenging the field. amy klobuchar said who he is to come in buy the ads and to think no one in the race is good enough candidate? amy klobuchar hoping to be moderate if joe biden fizzles out. maybe that is why she is so angry. stuart: i think he splits the vote. >> progress sieve left. bloomberg and biden. he is stronger than biden. that will split the vote leaving the door for donald trump. people want to vote for him. fiscally he is conservative and on social issues he is liberal. stuart: i know a lot of people

who would not vote for a socialist, sanders or warren. >> right. stuart: not terribly keen on joe biden because of his age, the ability to focus sharply but they would vote for bloomberg and i think he could take it. >> yeah. stuart: we shall see. neil cavuto, only time will tell. your time is now. neil: think about it too, if no one get as first ballot win, all bets are off, right? that is what bloomberg is counting on. stuart: brokered convention. neil: you could be on to something there. thank you my friend. we're following winter storms that continue to pummel the northeast. thousands of travelers strappedded from coast to coast as we're do a show called "coast to coast." fortuitous timing? we decide. you think about it. airport reasoning is not only thing in the red right now, u.s. manufacturing data, trade uncertainty, bellicose china. to the cow guy