tv Varney Company FOX Business December 5, 2019 9:00am-12:00pm EST
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inquiry. it's supposed to happen at 9:00 sharp. we are a few seconds shy of 9:00. we are waiting to see exactly what speaker pelosi has to say. liz peek with me now. i have to believe, liz, that the speaker has the votes to go forward with an impeachment vote. otherwise, she would not be holding this announcement. >> i don't think she's going to back-pedal from an impeachment vote and it does appear she has the votes. however, i think she can come out now and perhaps try to summarize the case they are trying to make because based on yesterday, they are all over the place. they are even reaching back into the mueller investigation, and revisiting collusion. they are talking obstruction of justice. what is the grounds, what are the grounds for impeachment? that's what americans want to know. what we do know is that the polling is most definitely moving against the democrats, particularly in the swing states where they have to win in order to win the white house in 2020. so if you look at that, you look at independents moving against
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impeachment and more important to democrats, those vital swing state voters, this is not winning for them. by the way, i have talked to an awful lot of people as we all have in the last 48 hours. even people who don't like president trump think this is really a bad thing for the country. yes, it's bad for him but it's bad for the country. the next time a democrat does something people don't like, talk of impeachment will start right away. stuart: it seems to me to be totally partisan. >> yes. exactly. stuart: 100%. republicans are lock solid against impeaching this president. the democrats appear to be lock solid but there may be a couple wavers there. >> there are probably 31 there, those democrats are in trump-won districts who i think have been talking to the speaker about the fact that they are in jeopardy. they go home, what do they hear from voters? this is a waste of time. by the way, we know it's a waste of time because we know the senate will not impeach. stuart: but the speaker has to
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be secure that those 31 waverers or trump district democrats, she has to be sure they are going to vote for impeachment. she wouldn't be making this announcement unless she was pretty sure. >> i think that's true. i gather and i don't have any evidence of this, that she has been bargaining with some of those representatives, duly elected representatives, that she will move forward with the usmca which is wildly popular in some of those states -- stuart: you think that will come up in this announcement? >> no. well, i don't know. she did actually have news on the usmca today. every day it seems like she's trying to get that out there that they are demanding changes, that they are actually resulting in some changes, negotiating on usmca. i don't think she would be doing that unless she wanted to divert from the concept, the narrative, if you will, that they are doing nothing important for the country. stuart: she may have to make some kind of statement about usmca. >> maybe. stuart: because otherwise, if you go forward with impeachment and have a vote by the end of the year, you have done
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absolutely nothing with your control of the house of representatives. you've got to throw that out there, we will do usmca. >> actually, that's what people are talking about a little bit. like what if, what if we hadn't had three years of these constant investigations. what could we be doing. maybe we would have gotten an infrastructure bill in place right now. maybe we would have done more of the trade agreements like the usmca. i think people are just saying this is really not moving the country forward. these people are on the payroll to move the united states forward and on all kinds of fronts, it looks like we are falling behind, behind china, behind technology, behind in weaponry, even. this is not the united states that we all love and know. i think we are better than this. stuart: i'm intrigued about this usmca possibility. but i'm looking back at what happened yesterday in congress and it sure leaves a bitter taste in your mouth. does to me, at least. i'm a trump supporter, i don't
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think he should be impeached but what some of those witnesses, what they had to say yesterday was so flimsy, i thought, and when the lady deliberately used barron trump's name in a sarcastic way, that was stepping way out of bounds and was rightfully reproved by the first lady herself. >> yes. stuart: just beyond the pale. >> it was beyond the pale. i thought that that comment really characterized the sort of smugness, excuse me, and arrogance of those three witnesses that democrats produced. all of whom had very sound democrat partisan credentials. the one that, mr. turley, on behalf of republicans, was not a trump supporter. he was a straight down the middle guy who actually just talked about constitutional law. i thought that the comparison, the contrast was very vivid, very important and it really just, again, highlighted how partisan and nasty these hearings have been. stuart: ladies and gentlemen, the speaker, nancy pelosi.
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>> good morning. let us begin where our founders began in 1776. when in the course of human events, it becomes necessary for one people to dissolve the political bonds which have connected them with another. with those words, our founders courageously began our declaration of independence, from an oppressive monarch for, among other grievances, the king's refusal to follow rightfully passed laws. in the course of today's events, it becomes necessary for us to address, among other grievances, the president's failure to faithfully execute the law. when crafting the constitution, the founders feared the return of a monarchy in america, and having just fought a war of independence, they specifically feared the prospects of a king president, corrupted by foreign
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influence. during the constitutional convention, james madison, the architect of the constitution, warned that a president might betray his trust to foreign powers, which might prove fatal to the republic. another founder, governor morris, feared that a president may be bribed by a greater interest to betray his trust. he emphasized that this is not the king, the people are the king. they therefore created a constitutional remedy to protect against a dangerous or corrupt leader, impeachment. unless the constitution contains an impeachment provision, one founder warned, a president might quote, spare no effort or means whatsoever to get himself re-elected. similarly, george mason insisted that a president who procures his appointment in the first
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instance through improper and corrupt acts might repeat his guilt and return to power. during the debate over impeachment at the constitutional convention, george mason also asked shall any man be above justice, shall that man be above it who can commit the most extensive injustice. in his great wisdom, he knew that injustice committed by the president erodes the rule of law, the very idea of fair justice which is the bedrock of our democracy. and if we allow a president to be above the law, we do so surely at the peril of our republic. in america, no one is above the law. over the past few weeks, through the intelligence committee working with the foreign affairs and oversight committees, the american people have heard the
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testimony of truly patriotic, career public servants, distinguished diplomats and decorated war heroes. some of the president's own appointees. the facts are uncontested. the president abused his power for his own personal political benefit at the expense of our national security by withholding military aid and crucial oval office meetings in exchange for an announcement of an investigation into his political rival. yesterday, the judiciary committee, the american people heard testimony from leading american constitutional scholars who illuminated without a doubt that the president's actions are a profound violation of the public trust. the president's actions have seriously violated the constitution, especially when he says and acts upon the belief article ii says i can do whatever i want.
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no. his wrongdoing strikes at the very heart of our constitution, a separation of powers, three co-equal branches, each a check and balance on the other. a republic if we can keep it, said benjamin franklin. our democracy is what is at stake. the president leaves us no choice but to act, because he is trying to corrupt once again the election for his own benefit. the president has engaged in abuse of power, undermining our national security and jeopardizing the integrity of our elections. his actions are in defiance of the vision of our founders, and the oath of office that he takes to preserve, protect and defend the constitution of the united states. sadly, but with confidence and humility, with allegiance to our founders and a heart full of love for america, today, i am
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asking our chairman to proceed with articles of impeachment. i commend our committee chairs and our members for their somber approach to actions which the presidei wish the president had not made necessary. in signing the declaration of independence, our founders invoked a firm reliance on divine providence. democrats, too, are prayerful and we will proceed in a manner worthy of our oath of office to support and defend the constitution of the united states from all enemies, foreign and domestic. so help us god. thank you. stuart: that was the impeachment speech. very heavy on history. seemed to call president trump a king president. speaker pelosi said the president had abused his powers for personal political benefit, undermining national security,
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seriously violating the constitution. the speaker said the president leaves us no choice, therefore, we will proceed with the articles of impeachment. in plain english, there's going to be a vote. she didn't say when but there's going to be a vote to impeach the president of the united states. there you have it. have i missed anything? >> no. next steps? i don't know if they are still going to bring new witnesses to the judiciary committee, if there's any more investigation to go on or whether they are just going to hold a vote, in hopes of getting this quickly done so it moves to the senate quickly, and by the way, so two of their front-running candidates can get back on the campaign trail. the whole thing is so bizarre. stuart: no mention of usmca. >> no. nothing. no. stuart: it was strictly we are going to impeach. that's it. >> piously and prayerfully they will move towards impeachment with heavy hearts. i'm sorry. it's true. it's true. stuart: i was watching futures throughout the speaker's
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announcement there. they didn't move. ashley: nope. stuart: we were up 75, 80 points before the speaker started to speak. we are still up 75 points. i believe we have market watcher gary kaltbaum with us. am i right in saying, gary, impeachment has no effect on the market as of right now, period? >> well, the market knew this was coming. this has been telegraphed for quite awhile, and we have watched it in realtime over the last few weeks leading up until yesterday, and you can see, two words come to mind. fast track. they are fast tracking this bad boy because they have an election and they got to get their candidates front and center and actually, i'm surprised they may just do this during the holiday season. i think the markets are going to move forward to the things that do matter to markets, even though this is a sober moment and that's going to be earnings, valuations and the movement of interest rates. stuart: gary, just to summarize for everyone, we have had the announcement that the speaker
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will proceed with the articles of impeachment. therefore, they are moving forward with the impeachment of the president of the united states. no movement on the stock market when that announcement was made. we are still up about 75 points for the dow, same for the s&p, nearly eight points there. 29 points up for the nasdaq. okay. that's dealt with that. i will move on to another big story that's happening today. that's general motors. they are teaming up with a south korean company to make batteries for electric vehicles and they are doing this in lordstown, ohio. very important location there. jeff flock is there. jeff, lordstown is where gm closed their assembly plant, right? reporter: that employed 5,000 people. this new joint venture mary barra just announced moments ago, i'm still listening to the conference call as we speak here, will employ about 1,000 people. it's a joint venture with the south korean company lg chem to make batteries in ohio, in the same area where they closed the other plant.
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it won't employ as many people but mary barra today emphasizing gm's focus on an all electric future. i know you are going to talk to her later in the hour and i got to believe, knowing what you think, you are going to be grilling her on that very question. they are putting all this money into electric vehicles, they will have 20 electric vehicles on the market by 2023. i'm actually at a dealership where they don't even have a single electric chevy volt, because there isn't much demand for it. i got to believe you will put her on the hot seat on that. i could be wrong. stuart: let's not get carried away, but i am interested in gm's all electric future, when the price of gasoline is $2.50 a gallon and suvs are wildly popular. as you said, correct, mary barra, ceo of general motors, will be on this show today, about half an hour from now, bit more than that. 9:50 eastern time. there you go. got to check the markets for you because opec is meeting. the meeting is under way in
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vienna. the group is considering deeper production cuts. american energy companies need to keep the price of oil up, right? ashley: look, right now, the cuts are about 1.2 million barrels per day, scheduled to go through the second half of 2020. however, reports out there say they may take a further 400,000 barrels a day cut, maybe, according to some reports, suggested by the saudis who would like to see higher oil prices. sometimes you get these things from russia, who is not a member of opec but allied of course to iraq and others. if it's true, the saudis want this, they are the big dog in this so that could be the case. we'll see. stuart: there are lots of developments this morning on policy, politics, economics, taxes and the economy. for example, elizabeth warren has drafted a bill to reverse and block mega-corporate mergers. come back in, gary kaltbaum. senator warren really hates
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business and i'm not sure how on earth you can undo the mega-mergers of the last 20 years, as she proposes. >> by the way, i don't think that's hyperbole to say she does hate business. there is not a day that goes by that she is ripping other business as being corrupt or too big or doing the wrong thing, when the greatness of this country is ability to start a business with $1 and become multi, multi billion dollar companies. these are the companies that have been driving the riches and the greatness and the jobs and just amazing thing here, she's a self-proclaimed capitalist but i must tell you, she's moving left of socialism because there has not been one day where she doesn't want to take over, break up or shut down an industry out there as well as we know what she wants to do with taxes, and just tax the heck out of the economy. the good news is her poll numbers are heading south quicker than my new york knicks
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basketball season. let's hope that continues. stuart: that's a very good one. gary kaltbaum, everyone. thanks for joining us, sir. i think you dealt with the elizabeth warren plan very well. check that big board. i should say check the futures market, really, because there has been no impact from the announcement from speaker pelosi that they will go forward with the articles of impeachment. the president is going to be impeached. they are going to hold a vote. no impact whatsoever on the market. nothing. zero. nada. and speaker pelosi did not mention at all usmca. so whether we get it or not, we don't know. the market's still up about 70 points. couple of items for you. uber always in the news and in the news again. they may expand their delivery business beyond takeout restaurant orders. what are they doing? susan: they want to be the amazon marketplace for delivery for all companies, basically. isn't that incredible. stuart: go for it. ashley: why not. susan: at the intersection of
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digital and physical. uber eats is growing at 60% over the last quarter, losing still over $300 million, and subsidizing each and every uber eats delivery by $3. so that dynamic needs to change. if you think about it, there is a big opportunity out there. you can get your deliveries in under 30 minutes here in places like new york city and they have been doing that, they have been selling deals with an online grocery delivery company with markets in chile, peru, toronto, possibly expanding globally and also, they just signed a deal with rachael ray, the famous chef, delivering meals from her recipes. there's a big opportunity out there especially when you are losing a lot of money. like a billion dollars a quarter. stuart: that is a company that's just really unraveled so many industries. fascinating. time i bought the stock. ashley: here we go again. stuart: here's another stock i should have bought but didn't. that would be roku. yesterday, we had an analyst on this show about this time who
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has raised her target price for roku to $200 a share. right now it's at $152. we have with us today mr. douglas, yeah, that's right, mark douglas. i forgot your first name. >> that's okay. you're not the first. stuart: i'm sorry about that. look, the analyst on the show yesterday said look, this roku is the pure play in streaming. that's why it's going to go up so much. what do you say about that? >> he's right on that. stuart: she. it's a lady. >> sorry. she's right on that. roku is an interesting company. lot of people don't know it's a spinoff of netflix. netflix actually created roku, then spun it out because they didn't want to own the device. stuart: you're kidding. >> no. that's where it started. it's pure play, it's a roller coaster ride. started the year at $35 a share, peaked at $175, it's at $150 now and predicted to go to $200. the interesting thing about the companies, they have two businesses. they have the device business, they are competing with apple,
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amazon, all these other streaming device manufacturers, people always nervous about that, and then they have an app business. we did 423% business this year. they are big partners with roku. stuart: you have a piece of this. i didn't know that. >> we are spending a lot of money with roku. so look, it is a pure play in streaming, but with that kind of fluctuation in stock, you have to strap in. stuart: i'm fascinated by disrupting companies. you have uber and roku. i'm going to go completely off the plantation here. i want to ask you about peloton. did the stock really drop because that ad was -- it's on the screen now -- because that ad was deemed to be sexist? is that what took the stock down? >> that's the power of social media. that seems to be what did it. the interesting thing is that a lot of people exercise and film themselves, and put it on social
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media. peloton makes an ad portraying that and now people on social media angry at the company for doing that. i think they will get past that. their stock is already rebounding. stuart: i would hope they get past it. because i want to know, what is an acceptable present for a husband to give to a wife in this day and age? we are on dangerous ground here. >> my girlfriend is pretty hot and she asked me to buy her peloton this year. stuart: something else i didn't know. you got a piece of roku. your girlfriend wants a peloton. >> i recommend the products i like. i think both companies are great stocks and people should own them. roku, just be ready to sell at a moment's notice. it's a roller coaster ride. stuart: fascinating. what a day we have had so far, only 21 minutes into the show. mark douglas, thank you. always appreciate it. thanks very much. new tweet from stephanie grisham, the white house press secretary and i'm reading it now. speaker pelosi and the democrats
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should be ashamed. great donald trump has done nothing but lead our country, resulting in a booming economy, more jobs and a stronger military, to name just a few of their major accomplishments. we look forward to a fair trial in the senate. we'll be back with more after this. [grunting] [maniacal laughter] gold.
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stuart: the white house cracking down on food stamps. what is it, 700,000 -- ashley: 680,000 estimated will be affected. okay, right now as it stands, 18 to 49-year-olds who are childless and able-bodied have to work, well, for 20 hours a week for more than three months over a 36-month period. that's the rule as it stands. not a whole lot. you are able-bodied, young, you should be getting out there. what's happened is even that has been impacted by states who will give a waiver, if the unemployment rate is above 6%, don't worry about it. you can collect your food stamps without having to do anything. the trump administration and usda says no more, no more. you have to get out there, you have to work. as the administration says look, we are always ready to help people who really need it, but we also don't want to take advantage of the taxpayers who are paying for this. stuart: right.
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look, if there are seven million jobs going begging and you have able-bodied people who are getting food stamps, for heaven's sake, why not push them out into the work force? is there something wrong with that? ashley: they are there to help people, not become a way of life and that is the problem, when you just sit back and it all comes in. if you are 18 to 49, you have no children and you are able-bodied, get out there. susan: you are only working 20 hours a week. that's half of the regular work week for most people. by the way, we are looking at the best unemployment rate in 50 years so go out there and get a job. it's a tight labor market. jobs need to be filled. ashley: there is always an excuse. stuart: did you see the firing rate, layoff rate this morning, the first-time jobless claims? only 203,000, that's exceptionally low number. historically low number. that implies a fully employed economy. nobody wants to fire anybody because you can't get somebody else to come in. one more. never mind all the headaches with wework.
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whoa. this is new. the company says it's opened a record number of buildings this month. i thought wework was -- susan: these are long-term leases, they have already signed these deals. we know that's their largest office, manhattan office renter in the city. can you imagine if this company actually went under? this would be a big deal for manhattan real estate. but they say they have opened a record 52 new buildings just in this city alone, by the way. yeah. stuart: just in new york? susan: that's the biggest market. globally, you're right. sorry. i'm thinking of the thousands of square feet they have in the city and this might be a p.r. stunt for them, saying you need us, by the way, because you need us to backstop the real estate economy and local municipalities and cities around the world. stuart: it's not a comeback, kind of a minor league stabilization. susan: it has something to do with p.r. they are saying we're okay, we have long leases and you need us. stuart: any moment now, we will
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show you that picture from wall street, where you see the nasdaq and new york stock exchange, you will see people lined up, all clapping and cheering as the market is about to open. right now, i can tell you we are going to open on the upside. the dow will be up about 70, s&p up 7, nasdaq up about 20 or 30. this is fascinating, because literally 29 minutes ago, speaker pelosi came right out in front of a podium and said we are going to impeach him, we are going forward with impeachment. now, this was widely expected, but then it was set in concrete 29 minutes ago. no reaction whatsoever on the stock market. none. zero. the dow was up 75 when she started to speak. it was up 78 when she finished speaking. now it's up 81. some of us were expecting and really kind of pushing for some statement about usmca. after all, if you are going to have a vote on impeachment, surely you should have something
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on usmca, get this trade deal going as well. not a word. not a single word about it. okay. you see them clapping. you heard the bell. five seconds to go, this market will open right at the moment when impeachment was announced. how about that. okay. we are off and running and in the very first few seconds of trading, i'm looking there at the dow, that is up 95 points. that's the one with the black behind it. the 30 dow stocks, i see 28 of them on the upside, only two down. coca-cola and procter & gamble. now the dow is up 80, 82 points. that would be close to .33%. nice gain. look at the s&p 500. that is also on the upside by a little bit less, .13% gain there. i'm always interested in the nasdaq because the technology companies, not a bad gain there, 11 points, that would be .13%. the dow settled down to a gain
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of 50 odd, maybe 60 points. we are off and running. impeachment announced and bingo, market's up. joining us, shah gilani, susan li and ashley webster, too. shah, we heard from speaker pelosi. am i to conclude the impeachment drive has had no impact whatsoever on the market? what do you say? >> i say less than nothing. since the beginning of this mockery that nothing has happened to the market, the market continues to go higher on its own merits, on better than expected earnings, on the fact that consumers are strong in the united states, we are coming into the fourth quarter, in the fourth quarter, where as strong as retail sales are, i think these companies will do even better. i think prospects for earnings in the fourth quarter are better than analysts have said and the market will reflect that. as far as the impeachment process, less than nothing. no effect on the market whatsoever and it won't have any in the future either. stuart: we have had a real big dip a couple of days, we are down 600 points i think it was, 700 maybe. did you buy that dip, shah?
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>> i did. i bought it on the back end of it. i didn't get in in the beginning. i was hoping it might go lower because i thought it would be a short term blip and i was right about that. i bought some yesterday, i bought a bunch of stocks yesterday. i wish i had bought some the day before. i'm going to continue to buy. i think we are going to go higher based on the fact that the market, you say this a lot, wants to go higher. investors are so much money on the sideline that have missed this rally, they have to come in in the fourth quarter. stuart: incredible to me, you try to impeach the president of the united states of america, try to throw him out of office, the market goes straight up. susan: -- very strong u.s. economy as well. we saw the jobless claims this morning falling to the lowest in seven months and we have non-farm payroll expected on friday, expected to show there is still expansion when it comes to job creation in the u.s. and by the way, only two incumbents have lost re-election. not when the economy is great. they lost because they had a late cycle recession and that doesn't look to be the case
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right now with the strength we are seeing in the jobs market. 187,000 new jobs expected this friday. stuart: okay. we've got a layoff rate of only 203,000. historically very very low. let's look at some story stocks. general motors. they have announced they will make batteries for electric vehicles in lordstown, ohio. the same town where they believe in the power of electric. that's what i'm told to say. ashley: is that right? is that your line? stuart: the quote's in there. okay. next i will put inverted commas in it. general motors is going gung-ho for the electrics. they want 20 electric vehicles on the roads by 2023. that's where their future is. shah, we have mary barra, ceo, on the show shortly. what do you make of this push to all electric real fast by gm? >> all the manufacturers will have to move in the electric direction. all of them have started. some are trying to accelerate the pace of that and i think general motors is doing the right thing. i'm a huge fan of mary barra's.
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i think she's a terrific steward of the company. i think she's going to continue to do a good job. i think it's the direction of the future. i'm pretty much an old style guy so i have a lot of internal combustion cars and i love those. i don't have anything electric. but you know, the way i like it. but that is the future. there's no denying that. stuart: really. no denying that. okay. well, gas at $2.50 a gallon and $2.20 in texas, i will take you on on that one. mary barra on the show, 9:50 this morning, on this program. earlier, we talked about uber. wanting to expand their retail delivery business. the ceo also says flying cars are coming. susan: we talked about this. remember we talked about this earlier this year, at the uber elevate event that we covered in washington, d.c. in april. they are really cool. 2023, these are electric battery powered flying vehicles. stuart: by when?
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susan: 2023 they are expecting. okay. so -- okay. flying cars, it sounds like the world of the jetsons, i know, but think of it as an electric powered helicopter. that's what they look like. this is what they are planning for. remember that? ashley: i don't believe you. stuart: i believe you. susan: it will be faster to get to jfk if we do have so-called flying cars in the future and to your favorite newark airport. stuart: can i get in a word edge-wise? i'm not buying uber's stock on the basis of electric flying cars. okay. let's move on. amazon, ups, dhl, they are testing -- wait, what is this -- cargo bikes? ashley: commercial cargo bike pilot program here in new york city. you have amazon, ups, dhl, all joining new york city in this effort. why? because starting in 2021, there's going to be a congestion charge from 60th street south trying to keep your car, my car, anyone's car out, especially the
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commercial vehicles, and they are going to charge commercial trucks as much as $25 on these electronic tolls and $14 for passenger vehicles. so bike programs. what we need in new york city is more bikes flying through crosswalks. that's all i'm going to say about this. these bikes use large containers attached. they are going to try it out to see how it works and maybe to get more traffic off the streets and of course, more bikes. terrorizing the roadways. stuart: it's practical and there's nothing wrong with it. ashley: a lot cheaper than fuel. stuart: this show is rapidly becoming the impeachment and delivery show. susan: that is the future. ashley: deliver impeachment. stuart: you're laughing away there, shah gilani. why don't you come back in. what are you laughing at? >> i mean, those are the subjects i think people think are going to move the market. as far as these delivery trucks, it's a great idea. congestion in new york is terrible. but it's not from trucks. two years ago, i'm going back a little bit, i was in a yellow
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cab and i asked the driver why is there traffic everywhere, all the time. he said there are now, two years ago, 40,000 more cars a day in new york city because of all the services, the lyfts, ubers, et cetera. that's where the traffic is coming from. stuart: okay. right now, we have the dow jones average up, what have we got, 52 points higher. this on the day, 45 points, i'll take that, this on the day, look at that, there's a discrepancy there. we said at the top of the screen 42 -- okay. now we are in sync. up 42 points as we say. profit and sales falling short at tiffany. even though there's a $16 billion bid for them. tiffany's stock down just a tiny fraction there. boeing, yes, it's a dow component. its chief engineer at the center of the 737 max crisis has retired. no impact on the stock. still around $348. the ten-year treasury yield, important indicator, actually moving up. i think that is a positive for the market.
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you're at $181. look at the price of gold. that is still below $1500 an ounce. $1480 to be precise. here's oil. this is important. the price right now is close to $59 a barrel. this as opec meets in vienna. they want to cut production, get the price up, and there's a lot of american energy producers who want the price of oil to go up, because they can't make a profit at $55, $56 a barrel. to gerri willis at the new york stock exchange. what's this, traders worried about impeachment? are they really? gerri: no, no. they're not paying any attention. i couldn't get anybody to comment on it. know why? they weren't even watching the statement. in fact, there have been more searches this week for peloton than impeachment. on google. think about this. i mean like in the real world, people are like what are you people in washington smoking. they are not paying attention. they are convinced it is going to be all about the senate, wake them up when it's important
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because they are focused like a laser on other things like earnings, like the economy, the stuff that really matters. back to you. stuart: good stuff. gerri, thank you very much indeed. i'm going to thank everyone right now because it's coming up on that time of day when we move on. i will check -- shah gilani, thank you very much indeed. appreciate you being with us. check that big board. the gain has been erased so to speak. we are up just 12 or 13 points as we speak. now let's get back to gm. as we told you, they are teaming up with a south korean company to make batteries for electric vehicles. that would be in lordstown, ohio, same place gm shut an assembly plant. i'm asking gm's ceo mary barra about that, just moments from now. elizabeth warren writing a bill that would ban major corporate mergers and have regulators review two decades of past mergers. grover norquist has some choice words for that. here we go. baby yoda demand. did disney drop the ball by not
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having those toys ready for christmas? i'm asking a "star wars" geek about that. can't wait. so what are you working on? >>i'm searching for info on options trading, and look, it feels like i'm just wasting time. wasted time is wasted opportunity. >>exactly. that's why td ameritrade designed a first-of-its-kind, personalized education center. see, you just >>oh, this is easy. yeah, and that's >>oh, just what i need. courses on options trading, webcasts, tutorials. yeah. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. >>so it's like my streaming service. well exactly. well except now, you're binge learning. >>oh, i like that. thank you, i just came up with that. >>you're funny. learn fast with the td ameritrade education center. call 866-285-1934
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...whatever that is. (beeping) this isn't working. introducing samsung mobile workspace solutions. with the galaxy note10 with dex software, you can run your entire business on the one device that does it all. samsung business solutions. stuart: the gain is almost gone but -- it's gone. it has gone. now we're down nine points. this is the day when speaker pelosi announced an impeachment vote. now we have turned a little bit south. a big week thanks to [ inaudible ]. big week for console game sales. is this important? susan: it is important. it's the best week ever. we have been talking a lot about e-sports, how it's going to be the next revolution, making billions of dollars, by the way, for players and teams and also companies, but look, people are still buying these actual physical devices, believe it or not. 30,000 game consoles during
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thanksgiving week. they just signed a deal with tencent in china. there are 1.3 billion people there. how many gamers? probably a lot. that means a lot of profit by the way for nintendo which a lot of people thought would be going by the wayside like the xbox, et cetera, et cetera. stuart: you convinced me. susan: thank you. stuart: i'm not going to buy one but i'm convinced. now, we are told that the nation is crying out for baby yoda toys. we are told there is a baby yoda fever sweeping the country. well, you will be disappointed because you can't get those baby yoda merchandise, because disney has failed to deliver before christmas. i want to bring in "star wars" podcaster, steven kent. he's been on the show before. who dropped the ball here, disney? >> i don't know who dropped the ball but the good news is we are not going to have a jingle all the way situation here with arnold schwarzenegger and sinbad fighting in the street over whatever is left of baby yoda
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toys for christmas. good news and bad news. stuart: who dropped the ball? i find it incredible, really, i'm told this baby yoda thing is big, it's going to be very popular and we have known about it for some time, yet the toys will not be on the market before christmas. i find that extraordinary. >> we talked about this just recently. you yourself said it's a big marketing play, the character that makes this show kind of cute and cuddly all of a sudden for disney, but alas, there are no toys. disney has said they did this to make sure there were no spoilers about the character's inclusion in the show and that they didn't wreck it for fans when the character is revealed. but it's really hard to believe that they didn't anticipate there was going to be a demand here for this. now bootlegers and etsy and crafters are making a killing off of all these sort of knockoff baby yoda toys. now, what we have fallen into now, they are going to be selling preorders that you can't even redeem until the middle of 2020. it's pretty unbelievable.
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but i have to believe that it's about driving disney plus subscribers and not toys for this year. they can always make up this money later. stuart: you just told me something which which kni didn'. you can get knockoff baby yoda toys? >> i can get you one for christmas and you can put it at the top of your tree. stuart: probably not. but you can actually get them. that's capitalism. >> you sure can. stuart: there's a demand for it so you fill the demand, just get out there and do it. very interesting. the new "star wars" attraction reportedly set to open in disney world, florida, before disneyland in california, what do you make of that? >> it is a big, big play for disney and their parks. they put $1 billion into each of these parks in the east and the west coast and the first two quarters have been pretty bad for galaxy's edge. it has not really returned on the investment. they overhyped how crowded it was going to be, overhyped how much traffic there was going to be, and now people kind of just stayed away.
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i went to galaxy's edge last week just before this opened and it was pretty crowded but it was not overwhelming. it was not like the rest of disney. they are really hoping this is going to turn it around and they need it to, because there's a lot of money in that ride. initial reviews have been pretty good. it's apparently a knockout. stuart: there is a lot of money in that ride. stephen, thanks very much for joining us. appreciate it. quick check of the big board. pretty much unchanged. flat, basically. we are down seven on the dow industrials. quick look at general motors stock. the company teaming up with a south korean company to build batteries for electric vehicles and star guest with us now, general motors ceo mary barra. she's with lg chem vice chairman and ceo. miss barra, if i may start with you, you said you are going to go all electric, that you are all in with electric. you're going to have 20 electric vehicles on the market by the 2023.
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that's a pretty big bet on electric. are you absolutely sure this is the way the market's going? >> i think it's very important. when you look at and step back, we believe in an all electric future because we believe in the science of global warming so we think transitioning to evs is a very important part of general motors' plan for the products going forward. i do believe that electric vehicles can be very significant in the marketplace, if you focus on the customer and what the customer wants, one of the key things is making sure those vehicles are high quality, reliable and affordable, and our partnership with lg chem enables us to be in a leadership position as we go forward and begin launching these vehicles. stuart: so forgive me for being a little skeptical, miss barra, but gasoline is $2.50 a gallon. the combustion engine is a really well-defined product. are you sure that we are all going to jump into electric in just a couple years? >> well, i think it's going to happen over a period of time but
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i think right now, we understand the ev customer very well, with the success we've had with the chevrolet volt ev. as we build on that, understand the customer and get the right products into the marketplace as well as the appropriate charging infrastructure coupled with the right range, we are seeing customers that will be -- that are starting to lean and say yes, i would be interested. i think if you also look at what the different requirements are going to be, more and more technology will have to be put on internal combustion engines, making evs the right place. so there's a whole host of reasons why we believe in an all electric future and what we are announcing today in this joint venture to build cells in the united states, in ohio, is a key part of that. stuart: may i ask if you are bringing new technology to the battery marketplace in lordstown? >> absolutely. we are bringing the best technology to the state of ohio in lordstown by working with
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general motors. about the proliferation of electric vehicle, u.s. market is growing at the rate of 26% this year. globally it's growing even faster, at the rate of 35% to 40%. so we share a belief in electric and we are very pleased to be part of that. stuart: mary, if i may ask, you are doing this in lordstown, building a new plant for batteries in lordstown. i guess the president, mr. trump, i guess he's happy with this? >> well, i think the administration is aware and we are building this facility, it's going to create 1100 new jobs in ohio and there's a very talented work force in ohio, so in the lordstown area, this is going to be a significant investment, and we are excited to be working in ohio and working with the state and local government to bring this there. stuart: what about these layoffs in detroit, right before christmas? at a plant where workers had picketed? that was a tough call on your
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part. >> well, if you are referring to our detroit hamtramck, we are getting ready to build battery electric trucks in this plant and the plant has to stop producing the vehicles it produces today to get ready to build the battery electric trucks. detroit hamtramck has a bright future and each of the impacted employees have an opportunity to work in some of our other facilities. we are transitioning to the future, transitioning to all electric with this battery electric truck that we have announced, so that's the situation and i think people understand the transition that we are making. stuart: we had an announcement from speaker pelosi this morning that impeachment would go forward in the house but there was no mention of usmca. is usmca very important and good for general motors? are you disappointed that it might not get a vote? >> well, we support usmca at general motors, and are hopeful that it will be approved and this move is very important in
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support of the criteria of usmca to be building cells in the united states. stuart: mary barra, mr. shin, thank you very much for joining us. we much appreciate it. thank you very much indeed. thank you. check the big board, please. we are down, not much, about 17 points as we speak. now, one of the producers on this show, i'm really changing the subject. one of our producers needs a haircut. the staff has been pushing him to get it done. well, a company called short cut sends barbers to your door, so susan is going to order a haircut for brian, one of our producers, going to order it up right now and we will see if we can get someone to cut his hair before the end of the show. susan: i will pick the top rated cuts for men. i don't get to pick the haircut, unfortunately. maybe you get to. stuart: you get to order it up. let's see if it's delivered. ashley: he certainly needs a haircut. susan: definitely. let's do this.
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stuart: are you ordering it now? susan: yes, i am. okay. here we go. he's coming. i'm excited. stuart: check it out. we'll be right back. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond.
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9:00 this morning sharp, speaker pelosi announced there would be articles of impeachment filed. in other words, impeachment is going forward. no reaction on the market, virtually at all. we were up 70 at the time of the announcement. now we are absolutely dead flat. okay. got that. what's next? what have we got here, please? united ceo, united airlines ceo is stepping down. i see the market is -- well, dead flat. susan: when it was announced this morning the premarket, the stock shot up 1%. this is pretty much expected by the market. scott kirby is stepping in. know why he's stepping in? if you didn't get the ceo job, a lot of market rumors said he was going to move to united -- american airlines. stuart: he's supposed to be popular. united airlines for you. now then, speaker pelosi announcing that articles of impeachment would be filed, will be drafted, as i put it. republicans in the senate united, so is this all just a
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waste of time? two republican senators coming up on this show in the next couple of hours. then we have elizabeth warren. she wants a bill that would reverse major corporate mergers going back over the last two decades. can you do that constitutionally? we'll be right back. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. . .
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stuart: 10:00 here in new york city, speaker pelosi said she will ask the house to proceed with impeachment. more on that in a moment. the markets are showing virtually no reaction to it. we're down 30 points own the dow. here we go. mortgage rates on thursday. ashley: edge of my seat. get this stu, unchanged. 3.86%. i always find a silver lining for you. this one homebuyer demand continues to improve up 8%. so there is an appetite for homebuyers out there. stuart: i mean, 3.68% is historically very low. ashley: fantastic.
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stuart: get much more low if you go for five-year adjustable. you get down to 2 1/2%. what are you laughing at? you know i love this. susan: weigh all do. stuart: let's get to this one, shall we. house speaker pelosi talking impeachment at the top of the hour. >> sadly, with confidence and humility, allegiance to the founders and a heart full of love for america, today i'm asking our chairman to proceed with articles of impeachment. stuart: full of love for america. rachel bovard, conservative partnership institute lady. your reaction at the top what speaker pelosi just said. go. >> i'm not sure why this is breaking news this has been the plan since january 2017. on inauguration day "the washington post" headline said the case for impeachment
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has begun. this is not breaking news. this is the plan that has been unfolding for four years. stuart: everybody know it will not get through the senate. it will be voted down. it won't happen. he will not be removed from office. what is this all about? >> this is about satisfying the progressive base. this is trying to taint the next election with impeachment. democrats are worried they will be reelected. said as much on the record on cable news. this is their attempt to sway the next election. i think it is going to backfire as you pointed out. he is not going to be impeached, what i'm curious about how the votes unfold in the house. 30 democrats in red states, red districts that trump won. you have polling shows lack of support from independents for impeachment. in ballot ground states, florida, pennsylvania, michigan, wisconsin, support is pushing for impeachment. this will have electoral consequences. unclear if it is on democrats or
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president trump. stuart: politically dangerous for the democrats. as you say, 31 house members were elected in 2018 in trump leaning districts. are those democrats seating to impeach the man supported in their districts? that is an open question. if the democrats cannot get all 31 of those people on board voting for impeachment, they have got a split party. they don't have enough votes to get it through. >> it is fraught with political peril for the democrats. this is especially true because the case they have made is film system you have seen as much. one of the things that the house republican impeachment report did very well was to lay out how much of the democrats case is based on hearsay, third party reports, presumptions and assumption. they don't have an open-and-shut case. as jonathan turley the gw professor who testified yesterday pointed out, if democrats push ahead for the impeachment they will be leaving half the country behind. this is something apparently
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democrats are okay with. if you don't agree with them as a voter, they simply don't care about you. stuart: that is the political side of things. rachel bovard. bring in dennis gartman. any impact on the market whatsoever with the impeachment drive we heard about today? >> stuart as rachel said, nobody should be surprised the speaker pushed forward with it. i was a interested in the vehemence she made her comments. i thought she was a lot more strident then i thought she was going to be. there was no mention of usmca. i was somewhat surprised by that, the fact that the market understood this was going through. as you say, there is no chance that the president is going to be found guilty by the senate. there is breaking news? no. the markets response. we have the dow up as you were talking about earlier, 75 points as the announcement was made. now it is down 25 to 30 points. i think market is trying to make a little bit of a top.
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but is it having effect thus far? marginal at best. stuart: dennis stay there for me, will you. the market has a loss of 18 points on the dow industrials and now this. >> article ii does not give him the power to do anything he wants. i will give you one example that shows you the difference between him and a king, which is the constitution says there cannot be titles of nobility. while the president can name his son barron, he can't make him a baron. stuart: okay. i will deal with that shortly but now i want to deal with this. they, left-hand side of your screen were caught on camera, on mic mocking president trump, laughing it up, chuckling a way. oh, they seemed so suave, so superior, looking down on our president of the elites are good at that. break it down. look at this still shot from the video. look carefully. in the center canada's justin
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trudeau. maybe he is trying to recover from the humiliation of being forced to admit that canada is not even close to paying its fair share to nato. back home, his approval rating is in the tank. his country underperforms america in every economic measure. opposite trudeau with his back to the camera is emmanuel macron, the president of france. he is back in paris now bracing for a full-scale general strike tomorrow. france will be shut down, just as macron's approval rating sinks to new lows. and by the way, the woman left-hand side of the screen, can barely see her, nodding away, smiling that is princess anne, sister of the disgraced prince andrew, who has been banished from public life. does princess anne think that is funny? why boris johnson is joining in the marriment, i can't imagine. doesn't he want a trade deal with the president? he is apparently laughing it up too. no wonder president trump
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abruptly canceled his closing news conference and left town. no wonder. perhaps he came home to deal with the insulting treatment of his son, barron during the impeachment hearings. i'm not going to repeat the comment but stanford university's pamela karlan was one of the witnesses and she sarcastically invoked his name. would you believe some in the crowd laughed? barron is 13 years old. fox news reports that professor karlan crosses the street to avoid passing a trump hotel a constitutional scholar no less. this is another occasion when the elites deserve one of the president's famous counterpunches. we shouldn't have long to wait hopefully. all right. now here is stanford university's pamela karlan talking about 13-year-old barron trump. >> article ii does not give i am had the power to do anything he wants. i will give you one example that shows you the difference between him and a king. which is, the constitution says
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there cannot be titles of nobility. while president can name his son barron, he can't make him a baron. stuart: well, well. how about that for a slam. rachel, i want you to come back in please. i hope you have choice words about this? >> if democrats are hoping to convince anyone impeachment was a good idea was worst way to do it was drag in three liberal ivory tower law professors to finger wag at the rest of america. but they did. stuart: yes they did. i hope the president is coming home to deal with that i'm eagerly awaiting the counterpunch. thanks for joining us. >> thank you. stuart: check the big board. we sunk a little further south, 55, 56 points down. the dow at 27,592. we talk about big tech names every day. you have to. that is where the honey is going. one market watcher who avoids them is back with us. here is dennis gartman.
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you've been consistently against buying big tech, buying technology companies. now you're retiring. you're no longer going to write "the gartman letter." is that because you have, i hate to be nasty, dennis, is that because you missed the tech rally? >> no. it is because i'm almost 70 years old. i've gotten up for the last 35 years at 1:00 in the morning to write eight or nine-pages every day. i'm getting a little tired of it, to be honest. i can't keep up with the news. when i started this 35 years ago, i tell people i used to get the china's daily three days late in the mail and but i was a week ahead of everybody else. i have lost my edge. time to settle back. i have great 35 years being in this part of the business. i had a great nine or 10 years on the chicago board of trade before that. it has been a wonderful life. the fact i missed tech rally, i
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did well in the bond market. i take it to task for missing the high-tech movement. it is beyond my kin. it is something past what i understand. i understand steel, i understand oil, i understand wheat, i those kind of things. i will leave it to those wiser in technology. stuart: i miss your letter. i hope you come back to appear on television. we won't ask you to get 1:00 in the morning. i get up at 2:45, i'm older than you are. what are you doing retiring? come on. >> it has come to be time. must say getting up at 1:00 has been a bit tire some. missed three days in 35 years. i stand pat on that responsibility. stuart: come on back soon, dennis. a pleasure to have you on the show past couple years. >> hope you have me on. stuart: we will. see you dennis. president trump back from the nato summit. he says he achieved tremendous things there. i will talk later this hour to
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america's ambassador to nato about that trip. elizabeth warren plans to introduce a bill that would get rid of megamergers and review old, old megamergers. i will break that down with grover norquist. deepak chopra is here. launching a digital version of himself, anyone, anywhere can is him questions, we'll demonstrate that after this. ♪. (chime)
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stuart: i have a two-part presidential tweet to bring to you. i will start with this. the do-nothing radical left democrats just announced they will seek to impeach me over nothing. they already gave up on the ridiculous mueller stuff. so now they hang their hats on two totally appropriate, perfect phone calls with the ukrainian president. this will mean that the beyond
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important and seldom-used act of impeachment will be used routinely to attack future presidents. that is not what our founders had in mind. the good thing is, that the republicans have never been more united, we will win. we just got that from the president. fresh in. you got it first. now then, check that big board real fast please. we sunk a little down 78 points now. that is where we are, 27,570. a quick look at beyond meat. the company announced that the beyond meat burger will be available at select costco stores nationwide. that is a big market right there. let me deal with this real fast. uber says flying cars are only a few years away. deal with it quickly, please. susan: look at the future, yes they will be available in the year 2023. better if i show you the pictures of this flying helicopter they call it, electric powered over the years. can you imagine getting to newark or jfk, oh, i don't
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know -- stuart: i can imagine it. i don't see it happening. that's all. susan: really? ashley: pigs fly. susan: losing a lot of money. they hope the moonshot will come to fruition in the 2023 the world of "the jetsons" will be here sooner than you expect. stuart: i'm a big supporter of uber. i think they are a wonderful company disrupting the transportation market. when you tell me we'll have electric fly are cars in couple years that is absolute nonsense. susan: for now. stuart: let me move on. we have a very important guest. i have a little gee-whiz technology for you right now with your emotional wellness in mind. digital deepak is launching. deepak chopra is with us next to my. he will tell us all about it, demonstrate it. take it away. >> hello, digital deepak. hello. digital deepak what is met human.
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i believe there is intelligence in all of us ultimate supreme genius that mimics the wisdom of the universe. thank you. thank you, i think mr. varney has a question for you. oh, okay. stuart: deepak what do you think the markets do tomorrow? >> the markets tomorrow and always will reflect the mood of investors. do they feel confident about the future? or do they not? in the short term of course the market is very mellow dramatic, fluctuating with a level of confidence of investors which of course is influenced by everything. that's happening in the world. stuart: okay. >> thank you, digital deepak. we will chat again later. stuart: that was a pretty good
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demonstration. i will give you that. it worked. there is gee whiz if it doesn't work. what do you want to do with this thing? >> it grows like any child grows through interaction with people. right now it is in its adolescence. stuart: learning about me, is that what you say? >> learning about me. one day speak to my grandkids grandkids, tell them about hard times, this show and learn from them. stuart: not for me to use at home to ask questions about two plus two equals four? >> you can carry deepak on the phone or ask any question about the physical well-being, emotional well being, financial well being, community well-being. give you suggests for insight, intuition, creativity, expanded vision. by the way i totally disagree with you. those cars will be around very soon because technology, disruptive technologies
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expanding exponentially. digital deepak is an example of that. stuart: i hope you're right. look, i -- >> i know i'm right. i don't believe it. hope is only when you have despair. stuart: would digital deepak, did i just address it? does digital deepak call me down? i had a very difficult show so far. >> digital deepak have meditations for everything. weight management. weight loss, sleep. well-being. stuart: during come america al break while i'm not on camera, digital deepak could kwamme down, give me some medication? >> absolutely. breathing exercise. a way to slow undo the heart rate, lower blood pressure, anything you want. stuart: do you think it will work? >> i know it will work. talking about hope and despair. i'm independent of that. stuart: this is times here. >> digital deepak does not depend on stress. if you want to be creative, you have to get rid of stress in your life. there is no stress in my life.
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stuart: can you make any money out of this? >> hopefully at some point in the future. i'm not concerned about that. stuart: how will you make money. >> a way to monetize at some point. stuart: would you sell it to me? >> advertisers, like you do on fox news. stuart: fascinating. deepak, great pleasure having you. it was very exciting t does work. how about that? >> i look at you, watch your expressions t can know your mood. it can respond to anyway another human being would. stuart: really? >> and smarter. it has access to all the libraries of the world. stuart: not bad i'd say. not bad. that's a compliment. i would say. deepak chopra, good stuff. thank you. >> appreciate it. stuart: i have a new app. it is called viko. is that right? you can use it to he had it photos, enhance photos, sparked a fashion trend among young women. this is another one we have to tell you about today on this
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stuart: speaker pelosi announces impeachment will go forward. the dow industrials down a mere 40 points at 27,600. there is a new photo editing app. it is being used as a fashion trend actually among young women, young girls. jackie deangelis is here. tell me more, please. reporter: good morning to you, stuart, we all know millenials, again z is a huge market. vsco, visual supply company is look into the market. it has 100 million users. two million of them pay.
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interesting here, 75% of them are under the age of 25. it's a community. you can go in there, almost like a mini inthat gram. there is no like, supposed to be no judgment. people freely share things and express themselves. a viral trend grown out of this. this is not reeled related to it, but called "vsco girls." it is giving brands a big boost. coming down to retail and tween spending. i have a bunch of stuff. this has all gone viral. tweens and gen zers feel they have to have it. i have a camera as high as $75 a lot of folks are saying there is criticism here, folks who can't afford some of the products it cannot be not as inclusive as vsco was hoping. stuart: got it jackie. prescription drug pricing, usmca deal, however next we have a
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senator who did get something through, some border wall funding. how about that? senator shelley moore capito is next. ♪. ♪ there are things we would change about work. and there are things we wouldn't. ♪ when work is worth it. work is worth it. work can be closer to home... pay more... make us proud. careerbuilder. work can work. find your work at careerbuilder.com hi, my name is sam davis and i'm going to tell you about exciting
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like job. his team at ctca treated his cancer and side effects. so job can stay strong for his family. cancer treatment centers of america. appointments available now. ♪. ♪ boy you're going to carry that weight, carry that weight a long time ♪ stuart: not too bad. the question we always ask, susan, ever heard of it? susan: no but i really like it. upbeat, beautiful, very talented. >> you're trying to put me in in a good mood. susan: beatles put you in a good mood. stuart: i have a beatles story. a new deal for sony.
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they have signed a exclusive deal to sell beatles memorabilia in north america. ashley: they have. it's a big deal. t-shirts, you remember back in the day, i say this, the musicians used to earn a ton of money from their record sales. now they don't. a lot of money they make now is going on tour and selling the merch. it is important. sony picked it up in north america. they will have pop-up store next week in new york city, new designs, toys, other beatle-branded products just in time for christmas, wink-wink. stu, this is important, it is, the revenue streams changed. stuart: hold on a second. susan look at the screen. do you know who, what those costumes are and what depicted of? susan: i believe that is sergeant pepper. very impressed is. stuart: that is? susan: "abbey road." stuart: not bad. ashley: no shoes and socks on. big thing. stuart: iconic picture. let's get serious, shall we. please.
quote
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on capitol hill, earlier today, speaker pelosi asked the house to proceed with impeachment. it is holding everything up. usmca, prescription drug prices, there is a lot long list of stuff that will not get done apparently. however, our next guest has been able to push one thing through congress and it's good. west virginia republican senator shelley moore capito joins us now. senator, you got some boarder wall funding through. how did you do that? >> well we have it through the senate in a bipartisan way. we had five billion dollars which was the president's request of a border wall system. it is not all just wall. a lot is electronics surveillance comes along with it. the problem we can't get it all the way through because on the house side they keep wanting to handcuff the president. we know this is essential to our national security but we did here in the senate get a bipartisan bill through our committee. stuart: only through the committee in the senate? >> only through the committee, yes. stuart: oh, i thought we actually got the five billion
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dollars supplied and out there actually working. but no. >> we're still working on it. stuart: it will be held up, isn't it? >> in all likelihood won't be five billion, i think robust funding for the wall because the realization that it is working. our border patrol agents have a plan. this puts into place that plan and the president's obviously extremely interested in this. stuart: you are a republican. >> i am. stuart: yes, you are. the republican party in the senate, is it rock solid against impeaching this president? >> i think what we heard yesterday didn't change anybody's mind. i think many of my fellow senators are sort of, we'll be jurors if this comes to the senate and reserving comment of i have great respect for that. all the information is not brought forward. but at this point i would say the political nature of partisanship and the overwhelming, there is no overwhelming evidence that was promised i would say that the senate republicans are pretty
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solid here. stuart: i don't know whether you watched the proceedings yesterday in the house, the judiciary committee hearings. >> a little bit, a little bit, yeah. stuart: what was your takeaway from that? i was, i don't want to use too strong of a word here, i was almost al paul at it they would do it to our president in that way. how about you? >> i think the sad thing from the viewer who really doesn't understand constitutional law and, and thinks that the constitution is a universal instrument that means the same to everybody, i think what you see is that through a political lens or a partisan lens, which, you saw that in the presentations yesterday, you can construe it to mean anything. i think that is disappointing because it is being used as a political instrument against the president. i don't believe our founders really believed that that was the, an impeachment measure was to be used in this way. that is the big disappointment. stuart: any future president, republican, democrat or anybody, can have impeachment thrown at them just like it has been
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thrown at president trump? >> well president trump has had this thrown at him from the day he was elected. stuart: yeah. >> both verbally, also things introduced on the house floor. that shows you the willingness of people to subvert really what our strong constitutional values to get a political gain, to bruise him up before the november election. we have an election in 11 months. let's let that move forward. stuart: just think what this president could have achieved had it not been for the endless impeachment. >> why don't we have usmca? that makes sense for everybody. it will go through both houses. stuart: yep. >> i think benefit every state, small states and large. stuart: senator, thank you very much for being with us today. i know it's a big day. we appreciate your time. thank you, ma'am. a can ia canadian billionaie considering buying aston martin, james bond's car. who is he. >> he made his money in investing in ralph lauren, tommy
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hilfiger, according to auto car, he is buying into as ton martin, which has been struggling, trading a third of ipo price went public in october a few years ago. it is the worst performing in ipo in two years in london. what is the problem with aston martin? apparently people are not buying it. brexit having impact, slowing economies. they are selling cars people just don't want to buy anymore. the new suv hope hopefully launch the entire future on, starting $190,000. a base price for aston martin suv. there is a new bond film this december. stuart: we had the trailer. ashley: it was good. "no time to die." stuart: that was it. never a good time to die. let's get serious, shall we? come on. check oil. opec meeting in vienna. considering more output cuts. thethe price of oil is up a lit.
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how much are they trying to cut? ashley: the rumors, saudis are leading this they pushed back saying no, it was not us. it is at 1.2 million barrels per day that has been in effect since the beginning of the year. supposed to go through march of next year. i'm hearing they will extend the current level of production cuts to june of next year, which would be better it, would not be as a big of a move as oil if that were the case, upping up the production cuts. stuart: there are awful lot of american energy companies, drillers especially, who really need to get the price of oil up, otherwise they are going to go bust. ashley: they are. stuart: that could happen. the stocks are way down. 58.88 as we speak. ashley: question vickly i want to mention the aramco ipo. we're just getting aramco, the saudi state oil company, the giant one, thinking of pricing the ipo at 8.53 a share. 32 saudi reels. that is very top range of what
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we were told. 8.53. if that is the case, it would value the company 1.7 trillion. they would raise, they hope to raise, set to raise $25.6 billion without a doubt the world's biggest ever ipo. stuart: i would buy it if i thought that the price of oil was going to go substantially higher in the future. by that i mean, above 60, $65 a barrel. stuart: i buy it at that point, get a dividend. susan: $60 a barrel that is little tough in these conditions. stuart: a little shy of that. the president when to nato earlier this week. you know that. he is trying to encourage them to get them to increase their defense spending. did he get what he wanted? i'm asking america's ambassador to nato that question, next. ♪. (chime)
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stuart: i thought it was tomorrow but it's not. a major strike hitting france today, now. you're looking at live pictures on your screen. that is paris, late afternoon there. ashley: it is all over france. stuart: it's a general strike. ashley: a general strike. it is severely disrupting all sorts of services, schools, public transport are out. police. they have been joined by police in this. lawyers, hospital, airports, you name it. why are they upset? because they're angry being forced to retire later in life, or if they do retire earlier, they are going to get reduced pensions. they are absolutely outraged. they want to shut the economy down in france today. all the stores along the
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champs-elysees today close. this is huge hit just before christmas. union leaders say they're spoiling for a fight. they are mad at emmanuel macron for saying you know what? you will have to work later, and you're going to have to reduce pensions if you want to retire early. stuart: emmanuel macron, president of the france, leaves the nato summit, goes back to that, a general strike. ashley: snickering at president trump. stuart: let's put the video up on the screen, shall we? put the video up on world leaders, snickering and mocking our president. put it up, please. you seen this before. let's have another look at it. world leaders including emmanuel macron, with his back to the camera, making fun of our president, laughing it up, having a grand old time. i want to bring in america's ambassador to nato, kay bailey hutchison. madam ambassador, seems they were mocking our president and i don't like it. how about you? >> you know, stuart, i think the
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president just sluffed it off. and i think when leaders are together they're going to talk, so what was president trudeau saying was funny? it was because the president stayed with the press for 40 minutes and he answered every question. i saw him doing that for two days. he answered question after question after question. so what's wrong with having a long press conference? i just think it was, kind of a much ado about nothing. stuart: yeah, but "the new york times" made a big deal out of this. they are the ones leading the charge saying look world leaders are just mocking our president. they were jumping at an opportunity to beat up on our president. they loved it. that is exactly what they want to do. >> let me tell you what it was like inside the meeting. everyone was so positive about what the president is doing. that the europeans have been
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asked to step up and they are stepping up and the president got significant victories at this meeting because he said, i have asked you all in a very direct way to do more, to step up more. other presidents have asked you to do more and you haven't done it but this time they are. they are making a big difference in the strength of our alliance because the president has really pressed them to do it. and he has been right. now, we are going to have a stronger alliance for it. if you heard everyone of those ministers, they all said, we want a transatlantic bond. we want america to be part of our overall security umbrella for our people. that is what really happened inside of the meeting. so, i thought it was a big success for the president. i think that america got priorities that we wanted, which was to start assessing the risks
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that we face and let's face them together. stuart: madam ambassador, i will read a tweet we received from the president earlier today. here it is. i will read it for you. tremendous things achieved for the u.s. on my nato trip proudly for our country. no president ever achieved so much in so little time. without a u.s. increase, other countries increased by $130 billion. $400 billion soon. such a thing has never been seen before. now president trump essentially is saying, it was a great success. you're saying it was a great success. but in america, the media is just all over it, saying no, no. it wasn't success at all. it was mocked. >> oh, it was a huge success. you know, i saw that the media said he left the meeting early. he did not leave the meeting early. he had had press conference for two straight days. he stayed until, i will tell you i have never seen a president have a press conference that
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wasn't stopped by press secretary after certain number of questions. he took every question they had until finally he said, are there anymore questions? the press did not bring anymore questions forward. i mean they had asked everything they wanted to ask. so i think he was very available for two days to the press. and, so then he left the meeting because he thinks he had covered it all which i think he was right. and then, the president, well he left early. he didn't leave early. so, i just think you have to really just kind of brush off, keep on going and it was a great success. he has made this alliance much stronger than it was before he came in. and i think that he deserves credit for that. madam ambassador, kay bailey hutchison, ambassador to nato.
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thanks very much. please. >> thank you. stuart: we're down 40 points for the dow industrials. not much of a reaction to the announcement this morning that impeachment would go forward. you can really get anything delivered these days. earlier susan ordered a haircut for one of our team members. he needs one by the way. she used an app called, shortcut, that sends barbers to your door. the barbers are right here. we'll show you our colleague getting his haircut in the next hour. ashley: finally. stuart: you are going to see it. nancy pelosi says the president will be impeached. republicans in the senate are united? is this all a big waste of time? i will i will ask senator marsha blackburn. put it to her. nothing is getting done. that is my opinion. smart warren is planning a bill that would ban future major megamergers and old mergers too. is that stifling capitalism?
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i think it is. i will ask americans for tax reform president, grover norquist what he thinks about all of this. we'll be right back. [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.
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stuart: on the day when impeachment is announced the market goes down a mere 28 points. that is the count as of now. 27,600 on the dow. now this. elizabeth warren wants to ban megamergers. better yet, she wants to go back over the last two decades and upset the megamergers of the past. whoa. grover norquist is with us. he is the guy who runs americans for tax reform. well go on, go at it. what do you think? it is not constitutional. >> no. expose facto law suchs that you can't do that. democrats decided not to use quid pro quo because they don't think people understood latin? she doesn't. you can't do this. this is sign of desperation. she was coming up, started to slide. she needs to do something dramatic. so announcing you're thinking of writing a bill? stuart: really? >> she threatened everything else already. stuart: you get more attention, you get more votes --
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>> we're talking about it. stuart: i guess, but i'm certainly condemning it out of hand. >> yes. in the modern democratic party there is a wing of it that wants to go with the most extreme person in the room. she is going, that's me. she has to get attention. it is not working. when she did "medicare for all," it turned out to be so expensive that -- stuart: you think she is trying to get to the left of bernie sanders? >> yes. that is not easy to do. stuart: no it is not. >> takes a lot of work. stuart: sooner or later, one of them, senator warren or senator sanders, one of them will drop out. doesn't that unify the socialist vote? >> i would think so. i think they go for the same collection of votes which is sitting at 30%. that is bigger than biden has. so, but with both of them in, i think they have real trouble. why is why she has to keep screaming doing crazier and crazier stuff. you have biden moving left as well. stuart: biden has a tax plan.
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it is tax the rich. tax big companies. that's, tax big companies that avoid paying taxes is the way he puts it. is this -- >> invests too much. stuart: that invest too much? >> therefore not paying taxes on earnings, they're spending them. they don't have profits. he is mad at them. stuart: they are just wicked, aren't they. >> all they do is create jobs and invest more. they have to stop. stuart: are democrats institutionally haters of business? >> partly because they don't understand what they're doing and how much damage they do if these things passed. on other hand they believed trump was vulnerable, anybody could beat them, didn't matter how crazy you were. they moved far left. trump is not as vulnerable as they are. impeachment thing didn't take him down. they are trying to wound the bull before the matador shows up. that what they thought impeachment would be, have a wounded trump. somebody would walk in, finish him off whoever that was.
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that is not happening. even backlash against the whole, made up impeachment stuff. now people are beginning to read what these people are for. biden's new tax increase, his opening bid, he said it again and again, to abolish the entire trump tax cut. which is a hit, middle income person it is $2,000. for family of four, $1300. single mother and a kid, middle income, it is every corporation in the united states going from 20 up to 35. if you're abolishing it, you will not have double taxation of american earnings overseas. companies will be bought by foreign companies again. just repealing that does so much damage. the idea they would add new taxes to it. even higher capital-gains taxes, would really shut down the economy. what the stock market is telling you, they don't think these guys are going to win. stuart: that's right, exactly. if the market thought that socialism wins, the market would
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tank. >> elizabeth warren's bill, biden's tax bill, would crash the market if people believed they had a shot. stuart: they don't. >> market is betting on trump i guess. stuart: sure looks like it. >> i'm just here for my haircut anyway. stuart: glad to have you with us. i will give you a free haircut. grover, you're all right. americans love popcorn. wait for it. did you know nebraska is one of the top popcorn producing states in america? they make so much they're selling it in europe, would you believe that? we have nebraska's governor on the show to talk about it. it must be important. taking a jab at disney plus, even popular baby yoda. it is there. an ad from peloton giving an exercise bike to his wife for christmas. it is called sexist by some. i say absolutely nonsense. what is acceptable gift for a
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medicare won't cover all your medical costs, so call now! and see why a medicare supplement plan from a company like humana, just might be the answer. stuart: right at 11:00 here in new york city, let's bring you up to speed. house speaker pelosi announcing just exactly two hours ago she will ask the house to proceed with articles of impeachment. now, there was no immediate reaction on the market, but the dow has since turned very slightly negative. look at that. you're down 32 points. that's all. we're back to 27,600. that is not a major move, bearing in mind what speaker pelosi announced two hours ago. we will get to all of that in a moment. first this. what is an acceptable present for a man to give to his wife or girlfriend this year? when i say acceptable, i mean
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something that will not be deemed sexist or demeaning. evidently an exercise bike is not acceptable, at least to some. yeah, this is the story about that peloton ad. the one with the young woman gratefully accepting a bike from a supportive husband. she likes it, she uses it, she's happy. surely most men would like a reaction like that, wouldn't you? well, listen to this from a columnist in "usa today ". quote, it is incomprehensible what's happening in this relationship. it's clear this woman doesn't need a peloton. she needs a good therapist and a divorce lawyer. that's in "usa today ". i would say that's just a tad strong, wouldn't you? but that theme was taken up by social media which roundly condemned the ad as sexist and elitist. worse yet, the stock dropped about 10% and it is not yet fully recovered. okay. these bikes cost over $2,000 apiece. isn't the husband showing generosity by buying such an expensive gift?
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that's the way i look at it. no, he's just being elitist. perhaps the husband is giving his wife what she wants. what a concept. no, he's just a sexist. forcing his wife to shape up just the way he likes her. this guy can't win. how about jewelry? you're on dangerous ground. if it's expensive, you are an elitist and your tastes may be questionable. clothes, no. what size are you going to buy? that is a minefield. a car, no. not unless it's electric. gas powered suvs are killing the planet, remember. a nice hat? okay. as long as it's not red. don't want to confuse it with a maga hit. lingerie, you must be joking. a dog, yes, but it's sexist if it's only the guy who takes it out for a walk, i suppose. let's get back to peloton. the company is disappointed in how some have misinterpreted the commercial. they say they have received an outpouring of support and the ad continues to run. so i'm going to buy 100 shares of peloton.
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that will cost me about $3,000. that is my gift. i know it's expensive but think about it. whomsoever receives this gift can cash in the shares, buy a bike or anything else she wants, and walk away with a profit. what's wrong with that? i'm asking deirdre bolton. deirdre: i have been waiting all year for this question, what is an appropriate gift for a husband to give his wife. so glad you asked. i think whatever she wants, provided it is in the budget of the family. so i'm with you, if she asks for a peloton and got one, that's a great gift. stuart: if she asks for a vacuum cleaner, is that okay? deirdre: it's okay but in that case i would probably encourage the gentleman to -- ashley: something else as well. deirdre: yeah. shared experience. stock certificate, something they can do together. stuart: okay. ashley: they can vacuum together. stuart: stay out of this, ash. let's bring in a real power hitter, marc tepper, market
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watcher. i want your reaction. are you buying a peloton bike or maybe peloton stock for your wife? tell us. >> so i already own a peloton bike. my wife and i mutually own one. i hope i don't get in trouble for saying we mutually own it. you really can't say anything anymore. stuart: that's right. >> but let me tell you, i work out but i hate cardio. i do not do it. so i wasn't really interested in the peloton bike when we initially bought it. when i worked out, i lift weights, i take short breaks in between sets so i get my cardio in that way, but eventually i gave in, i gave the peloton a try and it is addictive. it's addictive because you can actually compete. you are competing against other riders, there is some accountability, you want to finish in the top 25, 10%, whatever you are shooting for, so you are competing. there's accountability so you are less likely to slack off. i think this is really an issue about really differentiating the product which i think is great
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versus the stock. the stock is completely overpriced right now. it's almost trading as if it's a software or subscription-based company trading at seven times ev to sales but really, 80% of revenues come from equipment and wearables companies are trading at one to three times. that's the issue with the stock. stuart: you are a good man for taking the question head-on and running with it. i'm going to ask you to hold on for a second. peloton down about 4%. hold on for a second. i have breaking news here from speaker pelosi. she's now saying the house judiciary committee will receive impeachment evidence on monday. i guess that means there's going to be either -- doesn't mean hearings, it just means the process keeps rolling along, rolling along. that's the development there. let's get back to marc. i've got these new numbers on small business saturday. shoppers -- last saturday. shoppers spent an extraordinary $19.6 billion versus $14.6
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billion on black friday. that tells me $5 billion alone spent on various items here. that tells me the consumer is extremely strong, right? >> absolutely. absolutely. it's great news. it shows that the consumer's strong and the consumer has been the workhorse of the economy over the last several years, and that's so important because they make up 70%-ish of our gdp. over 99% of the employers in america are small business owners. so small businesses employ 59 million people. that's 36% of the total labor force, 45% of the private sector labor force, and i think the best thing to really see about this is that online sales were up 18%. if you think about it, these smaller businesses typically have people that walk in, they're not doing as much business online, so the fact that these small businesses are transitioning towards and embracing e-commerce is awesome but this says so much for the consumer, because we had a record black friday, a record
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cyber-monday, a record small business saturday. the consumer is strong. without a doubt. stuart: definitely. we always like to ask big hitters like yourself which stocks they like, and i'm told you really like cvs health corporation. tell us why you like it. >> all right. so let's back up and look at the sector. so when you look at the health care sector, what you have is you've got a growth sector to play the theme of aging demographics so the 65 plus demographic is going to grow at three times the pace of the overall population over the next 15 years. the health care sector is finally beginning to outperform because elizabeth warren is dropping in the polls. as she drops, those stocks are rallying. we don't believe the probabilities of her winning the nomination are going to get any better, so the worst is behind us with regard to that sector. so as far as cvs goes, cvs year to date is underperforming the s&p by about 10% because of all
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those political head winds, but it broke out at the end of the summer and from august 5th on, it's now outperforming the s&p by 27%. so you know, the thing we love about cvs, they've got the same vertically integrated business model that united health has after their aetna integration and united health is considered to be the gold standard, but cvs is trading at a 40% valuation discount. so we love the company, we love the business model. stuart: we love to hear about things like this. mark tepper, thank you very much for being with us. you hit the question head-on. that's really good stuff. thank you. see you again soon. here's -- this is not a cultural development but it's important to a lot of people. amazon, ups, dhl, delivery services, they are testing bike deliveries in new york city. why? deirdre: because of congestion pricing. that's certainly part of it. then also, for these companies, they say they do have an effort, want to make an effort to reduce
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carbon emission goals and consumers are in a rush, they want their stuff asap. this is actually faster in dense cities than to have a truck just hanging around and circling around. you know about this congestion pricing. anybody who lives in new york city knows right away, you are already paying $2.75 more for taxi and the city is planning on taxing trucks and cars more in the new year. ashley: 2021. deirdre: anywhere south of 60th street. stuart: use a bike to deliver. deirdre: you are not allowed to have a bike on a sidewalk so this is a cargo bike. there are certain specifications. stuart: i'm very aware of bikes on sidewalks. they are all over the place. deirdre: it happens. stuart: look at uber. they will expand their delivery, is that the right word to use, expanding their retail business. what are they going to do? ashley: everything. they see themselves as the amazon, you know, not just a book company anymore. look how they have gone.
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uber would like to do the same thing. uber eats franchise is going very well indeed and they also want to add to that food delivery service from grocery stores. they have already paired up, acquired a majority stake in a corner shop grocery store that's big in south america, also rachael ray, the cooking star, they teamed up with her to deliver meals that she prepares. all in all, it's much like amazon's tentacles go out every way. deirdre: they need another trick. stuart: the stock is down. how about that. we've got a tale of two democrat parties. the moderates and the far, far left. senator kamala harris tried to bridge the gap but she's out. coming up, dan henninger, "wall street journal" guy, will take us through what he calls the democrats' fractured fairy tales and how that could land president trump a victory next year. speaker pelosi moving the impeachment process forward in
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guide. licensed humana sales agents are standing by, so call now. >> my administration has accomplished more than almost any administration in the history of the country. stuart: that was a joe biden ad using the mocking of our president for political gain for his candidacy. do you think that's a good strategy, political strategy? i don't think people liked what they saw. deirdre: the vp, joe biden, yes, because his whole line this
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whole time has been i can beat the president, i am not afraid to go at him directly and so i think he's trying to show that. his problem has been a lack of consistency. even david axelrod, who worked with president obama, said the vp, former vp is actually a zombie candidate and what he meant by that is that yes, sometimes joe biden is here and strong and takes a punch but then he disappears for awhile. i will note that that video did rack up 1.6 million views in the first three hours on twitter but you had just as many people saying look, i like joe biden as much as i like the next guy but he doesn't have what it takes and then you just have people re-tweeting it. it seems like a mixed reaction. stuart: i just don't think americans like to see their president laughed at by a bunch of foreigners who are in no position to mock america. ashley: that's all you've got. stuart: an ad like that is not good. ashley: is that all you've got, joe biden? nothing that you are going to do. just mock someone else. deirdre: he would have to follow up to make this strategically interesting for his political -- stuart: yes. all right. early this morning, big announcement from speaker
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pelosi. roll tape. >> sadly, but with confidence and humility, with allegiance to our founders, and our heart full of love for america, today i am asking our chairman to proceed with articles of impeachment. stuart: love for america. i want to bring in tennessee senator marsha blackburn. what on earth is going on here? you are laughing but look, impeachment is not going to go through the senate. it's not going to go through. it's just not. they're not going to remove this guy from office. what are they trying to do here? >> i know. you know, the thing was, she has allowed her conference to pull her so far left, stuart, and she had said oh, impeachment, we're not going to do it. that was a year ago. nadler also. now here they are, tilting left and we are watching the democrat presidential primary play out, they would see the guys that are tilting left are now gone.
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they have fallen off the left side of that stage. so they are going to proceed with this. they are going to write up their articles of impeachment. they are going to cast as wide a net as they think they can so they can make the left wing happy. in the meantime, what they are doing is putting the house in play for republicans to take it back because all of these moderate democrats are going hey, wait a minute, i'm opening my paystub, i've got my christmas bonus, i'm getting a raise next year, my 401(k) looks great, my kid's graduating from college, they already have a job, they got a signing bonus for that job. people are very happy right now and if nancy and the leadership in the house got outside of the left coast, east coast bubble, they would see what's going on in america. stuart: there's a whole vast territory in between the coastal elites.
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get out there, get out more. okay. >> yes. that's it. stuart: i know that you've got a meeting later on today about online privacy. i got that. it's all about tik tok. but may i say this right from the get-go. there's no such thing as online privacy. it's gone. i don't think you can get it back. >> i think we can get it back, stuart. that's actually the meeting was yesterday, the hearing, and this is why we are looking at federal privacy legislation that will allow you, the consumer, to control who accesses your data and what for. and if a company is going to sell or lease or loan your data, they are going to have to inform you of that. we have never passed privacy legislation. they did it in europe with the gdpr. that goes too far. they are already having to modify it. california is one hot mess. they can't decide what they are
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going to put on the books and how they are going to implement it. now they are saying they may take it to a public referendum. i think we can come in about right on this. and do lightweight, light touch regulation, put some guidelines in place and make certain the federal trade commission, the ftc, who has been the nation's privacy regulator, has the ability to enforce the rules and regulations. stuart: i would love to see somebody pay me for the right to use my information. >> you deserve it, stuart. we are going to get to there. stuart: great to have you back on the show. i remember the days when we were trying to bring back incandescent light bulbs. it was a noble fight. >> it was. freedom of choice in light bulbs. i'm all for it. stuart: senator, always a pleasure. see you again soon. thank you very much. take a look at individual stocks here. tiffany, first of all, down, not much. 16 cents lower.
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their profit didn't come in real strong. by the way, there is a $16 billion offer to buy them out from the french luxury goods people. apple, got to quote it frequently. citi raised the target price. they think it's going to $300 a share. they expect apple's wearables unit will surpass $10 billion in sales in the fourth quarter. ouch. huge. "south park" going after disney again, this time taking streaming services to task and disney plus in particular. we will play you the clip momentarily. james bond, the trailer for the upcoming 25th film, "no time to die" has hit the internet. features a souped-up aston martin. we've gotten word a canadian billionaire is thinking about buying aston martin. we will tell you who the billionaire is and maybe how much he wants to pay for it. we'll be right back. ♪
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i'm told aston martin, the car company, might be bought out by who? ashley: by a canadian billionaire whose name is larry stroll. he's big in f-1 racing. he has his own racing team. that's really a game for the rich. he might be interested in getting a big stake in aston martin, buying it. we don't know how much money we are talking but this is a company that's really struggling. it's lost two-thirds of its value since it went public last year in october. it's in desperate need of money and is hoping this new suv will hope turn things around but that suv starts at $190,000. stuart: that suggestion of the buyout has raised the stock 19%? ashley: it has. stuart: look at that. deirdre: aston martin is cute and sporty, not suv. stuart: there you go. okay. disney, "south park" has taken a hit at disney plus. oh, no. they brought in baby yoda. deirdre: they sure did. scott has a crush on a girl
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sofia. all sofia wants to do is watch the mandalorian on disney plus. here's the twist. scott's dad, a cable installer. he doesn't like streaming. old media versus new media. we have to show you this clip. you will get a glimpse perhaps of baby yoda. >> he wants to come over to our house. >> oh, not this [ bleep ] again. the answer is no! >> dad, please. this is my life. >> streaming services are destroying our culture, scott. people got a thousand shows at their finger trips 24/7. now hollywood has to make shows within their shows to make more shows. >> but dad, what's wrong with people watching what they want to watch when they want to watch it? >> what's wrong with people watching what they want when they want to watch it. deirdre: all right. the dark twist on that is that young man's kascharacter has diabetes, he has a crush on sofia, who also has diabetes so
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he thinks they should be together. he's willing to trade a box of insulin for disney plus. stuart: we received an e-mail from a viewer which i really like this e-mail. i will read it to you. varney, you have talked about that baby yoda species doll four or five times already. it's gotten old. move on to something new or run more commercials. no, no, no. you are saying, sir, exactly what i have been saying to our producers. please, no more baby yoda. i'm done. okay. senator kamala harris has ended her 2020 campaign. next, dan henninger is talking about the far left democrats and their what he calls fractured fairy tales like green new deal, impeachment. he says it will lead to a trump win. keep it on "varney." ♪ there's a lot of talk about value out there.
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"wall street journal" editorial board guy dan henninger here because it's thursday. your reaction? i think you were watching speaker pelosi's announcement. >> i was watching. she couldn't have expressed it with more gravity if she had tried. i think the founding fathers, alexander hamilton, madison, even ben franklin was in there, they must all be spinning in their graves that nancy pelosi is dragging them out to support this impeachment process. i was struck by it, despite all the high-falutin' sentiments, she wasn't very specific about what those articles of impeachment might be. bribery never came out, abuse of power, so forth, but apparently that is what jerry nadler's judiciary committee is going to figure out next week. i think the big issue here is really political. again, recall there were 31 democrats who defeated republicans in the midterm elections. they are from these bubble seats that go republican or democrat. a lot of the 31 house democrats
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really aren't too eager to go forward with this process. now she has said we are going forward, she's going to force them into a vote, and that vote, we were hearing on fox this morning, could happen the saturday or sunday before christmas. how's that for a christmas present? an impeachment of a president. stuart: how about that. >> she is just trying to manipulate, balance and maneuver these two competing forces and i'm not sure she's in complete control of what is going on here. i really am not. stuart: fascinating. i read your piece this morning in the "wall street journal" titled "the democrats' fractured fairy tales." it was good stuff. tell me about it. go on. >> it started with kamala harris's resignation. the democrats keep taking basic ideas and turning them into these fractured fairy tales, which are these fantastic stories. kamala harris, recall, when she started running for president, sort of came across as a moderate but the first two big things that emerged back there earlier in the year were the
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green new deal and medicare for all. they also had core issues of health care and climate change but then it became these fantastic ideas called the green new deal and medicare for all. even nancy pelosi referred to it as the green new dream or whatever, because she knew that was trouble. but kamala harris saluted it and proposed her own medicare for all proposal, which you recall in that summer debate, she couldn't even explain. so she was trying to appeal to the left, because she thought the progressives were running the party. once she figured out that bernie sanders and elizabeth warren control the progressive lane, she tried to get over there with the moderates, joe biden, amy klobuchar, and you can't cross that bridge, because there is real tension inside the democratic party between the left and the center. stuart: you say these fractured fairy tales from the left will win the election for president trump. >> i think they are going to help him a lot for sure, because the democrats' division deserves
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more attention than it gets but they have to resolve that. for instance, kamala harris drops out and elizabeth warren says she would consider her as a running mate. but elizabeth warren, if she's the nominee, she will have to come up with a moderate to balance that ticket because the progressives are insisting they are controlling the party. i think that this tension that has divided the democrats while the republicans remain unified behind donald trump in terms of turnout is going to help him a lot. stuart: great column. i couldn't have written it but you did well. dan, thank you very much. i'm actually breaking in because this is what emanuel macron, the president of france, went back to after laughing at our president. that is a major strike, those are live pictures from paris, this is a general strike. that means they are going to shut the country down. ashley: they have. it's crippling transports,
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schools, airports, police, lawyers have even joined in. why are they so upset? it's all about pensions. mr. macron, the president, wants to say listen, you have to work later in life, if you do retire early, you are going to get a reduced pension. that has not gone down very well at all. we have seen this nationwide strike, in some cases it's gotten a little ugly. we have seen tear gas and everything. it's the usual french thing. this is not the yellow vest. this is a national general strike. all the unions are out, very upset with mr. macron. they want him out of office for even daring to cut their pensions. stuart: some others are rather upset with macron and others for laughing at our president. we don't like that. okay. did you know this. you probably didn't know this one. nebraska is one of the top popcorn producing states in america. they make so much of the stuff that they are actually trying to sell it in europe. that's a pretty good reason to
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bring in the governor of nebras nebraska, pete ricketts. welcome to the program. good to see you. >> thank you very much, stuart. thanks for having me on. stuart: i did not know nebraska is a top popcorn state and i did not know that you are trying to sell the stuff to europe. how's it going? >> it's going very well. we are in fact the number one popcorn state and i was just on a trade mission to germany a couple weeks ago, and one of the things we did is promote nebraska popcorn, one of our great companies, preferred popcorn, signed a deal with heinz foods to distribute our popcorn in germany and throughout europe in things like movie theaters. that's one of the ways we help promote nebraska agriculture is by doing these trade missions to sell our products. stuart: okay. that's a success story. we like that. what i really want to know about is this deal that you've got between the state of nebraska and costco that's going to bring in nebraska, what is it, a billion dollars? what's the deal here? >> yeah. so costco is looking to create
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their first processing facility and they were going to do this vertical integration with lincoln premium poultry and we were able to convince them to come to nebraska, it's going to create about 1,000 jobs, it's going to allow about 100 farm families to put up poultry barns and this will also generate over $1 billion in economic activity in our state. it's great for our farmers because it's a place to sell our corn and soybeans and really gets at our overall strategy for value-added agriculture, things like chickens. stuart: i never knew about popcorn from nebraska and i didn't know you've got a deal with costco but it sounds like a good one. 1,000 jobs is 1,000 jobs. we will take it. governor, thanks very much for being on this morning. we really appreciate it. thank you. >> thank you very much. stuart: sure thing. we all fear the rise of robots. i certainly do. but new research shows that robots and artificial intelligence will be putting a lot of americans out of work and soon. deirdre: 800 million jobs over
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the next decade will be affected. that is about a third. stuart: around the world? deirdre: around the world. u.s. being a large part of that, though. so in some cases, what's interesting is they say that it may actually, at least in financial services, they have worked this out, saying it's actually helped in some ways, because the people who are left in the field who have non-automatable jobs are able to add more jobs, make more money and simpler tasks are done by robots. there is a longer term economic question whether it's actually worth fearing or not. stuart: okay. some of us fear. i feel this deep fake stuff where you can have somebody who looks like me saying all kinds of things on television. deirdre: even when you text and stupid words are inserted where you would put others, like okay, maybe artificial intelligence is not so intelligent. at least not yet. stuart: okay. believe it or not, we are going to get back to the peloton ad. the internet says what you're looking at now is sexist.
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if that's the case, i want to know what's left for a man to get his wife for the holidays? what are you allowed to buy for her? of course, we've got the perfect guest to sound off on it. kennedy. she joins us next. i will get her take on the trump administration's new rules on food stamps, too. 700,000 people cut from the rolls. here's the catch. it's all able-bodied people who choose not to work. they are going to be pushed back to work. i think that's a good thing. stick around. this is a good one. ♪ we're carvana, the company who invented
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there are those who maybe are more religious and say wait a minute, is this the kind of place we want to be doing business? bottom line is, it is business. it's money, it's the golden nugget so they will be selling a lot of chicken nuggets. stuart: it's an expansion. ashley: this is business, right? stuart: nothing to do with religion, right? ashley: no. stuart: thank you. very firm no right there. here we go. peloton. got to get back to it. the ad which we will probably run, there you go, is considered sexist by some. peloton is not backing down. they are standing by that commercial. look who's here. kennedy, host of "kennedy" on fox business. >> right here. stuart: what was that? >> that's a workout and i'm done. thank you. stuart: what gift is a man allowed that is a reasonable gift for a man to give to his wife? >> emancipation.
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i don't have a problem with the husband gifting his wife this very generous gift. people who ride peloton love peloton. i think it is a failure of marketing, though, because they don't capture the actual love a andadoration their consumers have for this product. stuart: this ad did precisely that. >> no. they failed because what we are talking about is people who are so angry about the ad. people are angry about peloton in general. it's not a political issue. it's not like lefties leave the gym sweating saying i just can't stand peloton. they love it. everyone loves it. stuart: wait, wait, wait. the sexist criticism took the stock down 10%. >> it's not just sexism. it's the way it's shot. it's the message. i actually think the commercial was poorly cast, because i don't think this person looks like someone who is like a little nervous but ultimately excited. she looks terrified. the look on her face. it's like lady, what is wrong
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with you? it's an exercise bike. you're not moving to somalia for a year. calm down. stuart: so you just didn't like the ad in particular, but you don't think it's sexist? >> no. i don't think it's sexist to give someone a peloton. if anyone wants to gift me a peloton, have at it. i'm right here on 48th and sixth. and i like to ride my peloton in loubatins. stuart: we will move on. the administration is cutting the food stamp rolls, maybe 700,000 people cut off the rolls, able-bodied people, younger people, able-bodied, get back to work. what's wrong with that? >> obviously i'm not a fan of any sort of entitlements in this country as a libertarian but i was raised to believe that no one in this country should go hungry. so of all the things that the government can bestow upon people, i'm least offended by the snap program. stuart: it seems like a terrific time to do that, though, isn't it? >> right before christmas? starve the fatties?
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stuart: wait, wait, wait. it's a full employment economy. seven million jobs unfilled. why on earth would we be supplying food and sustenance to able-bodied people who just don't want to work? >> some people are hungry. stuart: so we've got to feed them? is there a moral imperative for me to dig into my pocket to feed people? >> no, you are not morally obligated to feed other people. it is a nice thing to do. it's a very nice thing to do. when you see someone who is clearly in need, and you are standing outside a restaurant, do you go inside and get them something and give it to them? stuart: i have done that. yes. >> absolutely. i think it's better for human beings individually to do that, but again, in the grand scheme of things, i think that we need to be cutting back on social security and medicare and not talking about new entitlements like medicare for all which are far more expensive than the food stamp program. stuart: are you having fun? >> in general? stuart: no. with this election. >> i think it's the best thing
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ever. every day is a gift. stuart: i agree. >> it doesn't matter what day it is or who the candidate is, there is always something and i was talking with our boss yesterday that in 2013, we had a really hard time putting shows together, because we would have flat news days and the rundown process, putting all that together was painful. it was like pulling teeth. but now it's like a gift. it's like a peloton every day, stuart. stuart: you used to have discussions about whether or not we would work on president obama and his news conference. >> which was the most painful, boring, pedantic -- stuart: now we get president trump doing a press conference, we jump at it because it's entertaining. >> even if you hate him, you grudge-watch his press conferences. stuart: it's your time to leave the studio. it was another fine performance. >> thanks, stu. stuart: check general motors. ceo mary barra, on the show earlier. listen to what she had to say.
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>> i think it's very important, when you look at and step back, we believe in an all electric future because we believe in the science of global warming, so we think transitioning to evs is a very important part of general motors' plan for the products going forward. and i do believe that electric vehicles can be very significant in the marketplace, if you focus on the customer and what the -- stuart: no effect on the stock, but she did say that they are going forward with electric, 20 electric vehicles on the road from gm by 2023. ashley: 20 different models. stuart: 20 different models. i was skeptical of that. next case, we do indeed live in the i want it now era, on demand this and same day that. well, have you ever wanted a personal hairstylist to show up at your door? just by a push of your button on the phone? we have done it. through a new app called short cut. one of our editorial staff ordered a cut earlier. we are going to show you it
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live. it's not the cut that's important. it's the fact the barber came to the studio. we'll be right back. ♪ what shines forever? diamonds. what is as rare as true love? diamonds. what lights up every room? diamonds. beautiful diamond styles for the diamond in your life. get 25% off everything, including these one-of-a-kind deals at the winter jewelry sale. exclusively at zales, the diamond store. at the winter jewelry sale. most people think as a reliable phone company. but to businesses, we're a reliable partner.
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really? yup. you can transfer your service online in about a minute. you can do that? yeah. and with two-hour service appointment windows, it's all on your schedule. awesome. so while moving may still come with its share of headaches... no kidding. we're doing all we can to make moving simple, easy, awesome. go to xfinity.com/moving to get started.
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i need all the breaks as athat i can get.or, at liberty butchemel... cut. liberty mu... line? cut. liberty mutual customizes your car insurance so you only pay for what you need. cut. liberty m... am i allowed to riff? what if i come out of the water? liberty biberty... cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ stuart: yeah. i want it now.
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well, earlier today, we ordered an on-demand barber for one of our producers, brian solomon. now the barber has arrived and is cutting brian's hair. i want to bring in the founder of short cut, the app that we used to summon the barber. he's with us now. will newton is with us. will, welcome to the show. >> thank you for having me. stuart: this is a financial program so let's get to it. how much would it cost for me to get a barber to come to the studio? how much? >> so they set their own price. the average price is around $50 in new york. stuart: plus anything else? >> that doesn't include tip. but everything else is included. the average price in a shop or salon here in new york is around $42. so the premium isn't that much higher. stuart: that's true. okay. what's the piece you take out of that? >> we give the hair professional 80%. we take 20%. stuart: you take 20% of that? >> yes. stuart: so on a $50 charge you are walking away with ten bucks? >> yeah. the thing is our value prop to hair professionals is that they
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can max out their earning potential in a barbershop in about two years, their average take-home is around 45%. with us, the average take-home with the haircut can be worth two to three services in a regular shop. stuart: so the barber takes 80% of the $50 or whatever it is. >> yeah. stuart: pretty good. >> we are more than just in-home. we also go to over 200 companies across the country. we are delivering hair services for men and women as a corporate employee perk. stuart: i think that barber was surprised to find himself on national television. >> he's actually a celebrity barber. he cuts, he has actually been on tv more than you think. stuart: will brian pay that $50? i don't know. we will ask him. how many hair cuts have you delivered? >> we have delivered 20,000 hair cuts since we launched in 2016. we have done 10,000 in the past year. stuart: 10,000? in the past year? >> yes. stuart: is this just new york? >> we are primarily in new york, los angeles and philadelphia. we just launched in philadelphia, my hometown. stuart: short cut. that is terrific. glad you delivered the man on
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time. thank you very much. appreciate it. all right. the president just tweeting. here we go. nancy pelosi just had a nervous fit. she hates that we will soon have 182 great new judges and so much more. stock market and employment records. she says she prays for the president. i don't believe her. not even close. help the homeless in your district, nancy. usmca, question mark. that's president trump for you right there. no comment from you, will. you stay out of this. look at that. this is the obamas' new estate. they paid $11 million for it. that's on martha's vineyard. it's on 30 acres. that is an estate. ashley: prime real estate. stuart: we will show it to you, of course. question, is it carbon-friendly? that's a good question. we will ask it. ashley: what does elizabeth warren think of that? ♪ in your printer ready for another school year? what's "cyan" mean? honor roll.
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stuart: pretty good time for president obama he bought a nice new, martha's vineyard home. what did he say? >> 11.75 million. that was half the original asking price. the home belonged to the former owner of boston celtics team. stuart: he is a house flipper. a little cruel of me. nonetheless, buy something half price that is bargain i would call it. >> it's a bargain. 30-acres, 7,000 square feet. interesting enough martha vineyard had whole green energy pressure, nantucket. a lot of people wanted wind farms. but not in my backyard. we'll see if something develops. >> just another millionaire getting a good deal, elizabeth warren. what do you think about that? stuart: it is in massachusetts. >> she is probably outraged. or is she? it is president obama. stuart: i love martha's
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vineyard. pretty good price. >> i'm waiting for my invite. stuart: dream on, son. we're almost out of time. it has been a rock and roll show. a lot of peloton, baby yoda, a lot of impeachment. we did it all. david asman, it is yours. david: i'm david asman in for neil neil can cavuto. nancy pelosi is asking the house move ahead with impeachment. watch. >> the president abused his power for his own political event at the expense of our national security, sadly, but with confidence and humility, with allegiance to our
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