tv Varney Company FOX Business December 6, 2019 9:00am-12:00pm EST
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democrat tell 8 -- hate helping the rich. >> $10,000 to people who buy tax credits who make over $1000 a year. you don't like tax cuts except for tough ones. it has been a great show. thank you so much. blowout, we will see everybody's soon. xi jinping stuart: the jobs report, i am going to call it a blowout report, it is wildly positive. 266,000 new jobs created last month. the unemployment rate goes down to 3.5%, a historic low and wages up better than 3% year on year. the politics of this very
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important, not just the raw numbers, the economic numbers but think of politics. you have clear prosperity. on the other hand impeachment in congress, trying to get rid of the guy who largely helped create this prosperity. look at the stock market, talk about going straight up. the dow will be up 150 points, "the opening bell" up 2 thirds of one person, the same story with the s&p, and look at the nasdaq, 64 points higher, make of it what you will, china announced this would waive tariffs for american soybean and pork, impeachment a nonissue, this is all about the jobs report. the market straight up, burr up with its safety report. 3000 sexual assaults, 58 crash deaths.
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uber says it is a reflection of the world it serves. stock is up 1%. the husband in the now famous add is being criticized for paternalism. stock has taken heat, the ad is still running. there is a lot to go ahead. pellets on -- is moving up this morning. "varney and company" is about to begin. i repeat, 266,000 new jobs, unemployment down 3.5%, the market going straight up. let's bring in andy pudzner. how would you characterize this thing? >> the president deserves credit for this.
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this is due to tax cuts and deregulation. 41,000 jobs were added to september october. we are talking 300,000 jobs. a tremendous number. and it is on top of 3% wage growth. this is an amazing report. can you imagine what the economy would be doing if the feds hadn't increased interest rates in september or december. just after these cuts, the vitality came back to the economy. a wonderful morning to be on your show. stuart: the older side of the coin. do you think democrats will retreat from the huge tax
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increase ideas? that would kill this prosperity. >> they won't retreat from that which will destroy their chances for reelection in 2020. walter mondale told america he was going to raise taxes and he lost 49 states. the only when he won was minnesota which he barely won which was his home state. i could see a similar result this year. they can't keep talking about increasing taxes if they want to win the general election but they can't stop talking about increasing taxes if they want the democratic nomination. these candidates are between a rock and a hard place. stuart: have to deal with some other issues, that stock is poised to open lower even though we have a wild upside market elsewhere. the company released the report showing 3000 sexual assault cases.
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do you have any more? >> the first of its kind data. when you speak to uber, people have the information, what is very interesting is similar 50/50% between drivers and passengers and new safety features to make sure things are safer, they have incidents of sexual assault over 1000 in one city. uber wants to reiterate 99%, 2.3 billion of these each and every year. everyone gets to point a 2 point be in a safe manner. stuart: stock is down $28 a share. i can't remember what was the ipo price? >> $45.
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stuart: i wonder if there is a bottom point. >> in terms of how employees are contextualized. stuart: let's get back to the market and show it to us going straight up. you are smiling. i return to the theme the market just wants to go up. >> it is still a bull market even though all the fears of recession, impeachment, 62% of stocks above 50 and the 200 day moving average. the trend is still up and you don't want to fight the tape when so many stocks are higher. the narrowness is not for microsoft and apple, the dow itself would be 1000 points lower. you've got to be aware it is a smaller number of stocks powering averages higher.
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stuart: with a strong economic report like the jobs report i suggest the fed will not be in a hurry to lower rates. could that be a negative down the road? >> it is a possibility down the road and this morning bonds are selling off meeting interest rates are moving higher in the market itself, doesn't seem to see lower rates on the immediate horizon. with an economy this strong not just stock prices but economic growth and even unemployment there is no reason for the fed to cut rates at this point. stuart: thank you very much for joining us on a spectacular day with a spectacular move for the market. we are up 170, 180 points. the dow is up 2 thirds of one person, the s&p pretty much the same, the nasdaq technology stocks up 3 quarters of 1%.
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it is a rally across the board. later i will speak to the white house's top economic the guy, larry kudlow, a jobs report, he will take a victory lap in the next hour. that video of world leaders may be mocking our president. lara trump on the show in our 11:00 hour. i will ask her about that. what does she think? is the president's reaction to the mocking tone. joe biden unloaded on a voter in iowa calling him a damn liar after he asked a question about his son hunter. we have the video and you will see it next. so what do you see? i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades.
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what happened to the real men of america? before we suffer a full-on masculinity crisis, unleash your potential test x180 ignite from force factor. boost testosterone to fuel desire and build lean muscle in the gym. plus burn fat and improve performance. now available at retailers nationwide. stuart: joe biden unloads on a voter at a campaign event.
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>> if you want to check my chaffetz do push-ups together, let's run, do whatever you want to do, let's take an iq test lose number 2, no one said my son has done anything wrong. i did not on any occasion and no one has said it. >> didn't say you were doing anything wrong. >> use that i set up my son to work in oil company. isn't that what you said? i'm not going to get in an argument with you. look, here is the deal. stuart: let's see what tammy bruce thinks. i think he was trying to look tough. >> in the stories he tells he is always the hero of his own stories. there is an idea in his mind whether it is the corn pop story or other dynamics where he is defending people or himself, the conflation of stories into dramas it is very strange.
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i have a column that discusses the incongruity of what he says. the non sequiturs. people say he didn't say that, he said facts. there is a group of young people to the side of the wall, when he says look, fat, they all looked shocked, they were in the room, they heard what we all heard and they were shocked at the nature of what is happening but it did seem artificial. the only thing he didn't do was put up his fists and yet he was talking to a voter. may be they think donald trump is being a tough guy. donald trump is being a passionate man who is being himself. for all of us that makes a difference. for joe biden we don't know who he is. stuart: we have tape of the voter who was confronted by joe biden and what the voter had to say. role it please.
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what have we got it? don't know whether we got it or not, getting at any moment? >> that is the thing about today's media. >> trying to bring out all of this, all softball stuff. he has been in the congress all his life. where is he for the last few years. >> that is the voter all these democrats have to win over and he calls him fat. might as well call him deplorable. that is a democrat townhall. forget about getting the democratic nomination. he can have that if things work out for him.
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it is about winning overall americans. this is the desperation of the democrats. there is a panic involved. we see with pelosi, joe biden. his wife sees what we see. the fact that she's not pulling the plug at this point is remarkable to me. this is a man who seems to be in some general trouble cognitively overall. a videotape last week with him having non sequiturs about children, people in a pool touching his legs, blonde hair on his legs, very strange. from 2017 even though he has been in office over 40 years we haven't seen so much of a joe biden. pre-media, pre-internet, easy eight years in the background with obama, suddenly we are seeing him for the first time and not at his best and it is not about age. look at the president, vigorous, clear, this is about
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genetics and other lifestyle issues. stuart: if we think joe biden is a little unhinged to take a look at nancy pelosi. she lashed out at a reporter who considered whether she hates the president. role that tape. >> do you hate the president? >> i don't hate anybody. >> i don't hate anyone. i was raised in a way with a heart full of love and i pray for the president and i still pray for the president. i pray for the president all the time. don't mess with me when it comes to words like that. >> he does pray for the president but what is she praying for? the person who asked the question is james grodin who has been targeted by the obama administration when it comes to spying. he was asking what doug collins
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said. her reaction was so immediate and severe they have been doing focus groups on what words to use. they realized what resonated with the american public is this seems personal and it is deeply unfair, this is a matter of their unhinged emoji reaction to a man who has bettered them, had victory where they have not had victory and exposed the problem with the leftist agenda for that has destroyed lives, what pelosi and obama said was the new normal was a fraud especially when you keep getting the job reports like we had today and other economic news. stuart: some more in a second. the market keeps going up. impeachment played no role in the market period. this is all about an explosive jobs report. dallas up 200. look at these percentages, the
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nasdaq up well over 3 quarters of 1%, that is a rally. the actor who played the husband in the controversial commercial says he is being called the symbol of the patriarchy. can you believe that? we have more after this. 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. (vo) thewith every attempt, strto free itself,pider's web.
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stuart: the actor portraying the husband in the penatron ads as friends call him the summit of the patriarchy. >> 5 seconds in this ad, he says i wonder, he did this piece in psychology today if somebody recognizes me on the street what will people's first opinion be of me? his 5 seconds of airtime created an array of malicious feedback associated with my faith. he is feeling embarrassed but i like that he threw his co-actor under the bus. i reflect on what's my co-actor must be dealing with as she is the other 25 seconds of this story. stuart: the way people are interpreting it she is the victim of sexism.
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>> there is a class charge as well and that is cost $2000 and the way it is shot in this apartment. stuart: the symbol of patriarchy. you were a chair in los angeles. >> this is mass hysteria. everybody at the edge of needing to find something to be upset about. that is the nature of what matters. you are only relevant when you have found the bad thing and can go after it. at this point that means i suffered through the irishman, that 12 hour film. is the nero the symbol of the mob and has to be shunned? it is absurd, this is a commercial. he is a schoolteacher in real life. when everything is sexism nothing is. if you want to be serious about
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that and everyone is upset about this guy wires hillary clinton talking about becoming president? ronan pharaoh has information she froze them out after the weinstein investigation. there is real serious patriarchy out there and some women are supporting it in this is almost a distraction, get you mad about trump, what the democrats and everyone is complaining, what they are doing is genuinely damaging women's lives. this, they have trained young people to freak out about everything. that is not going to work out well for them in the long run. stuart: tell us how you feel, i hate when you hold back. you are animated today. look at this. that is called a rally. the dow is up 200 jobs report. we will take you to wall street
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ashley webster, a terrific report. >> a blowout. i like this -- you up the number of jobs for october and september. are we going into recession? that takes it off the table. wage increase of 3.1% well above rate inflation, that bodes well for the retail because wage earners are getting more, extra spending power, this looks good going forward. stuart: the last 16 months without wage increases in excess -- that is a spectacular performance. >> the jobless rate has been below 4% and that brings the three month average job creation up 250,000, below the
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228 we got each month. the seller jobs report, this is one a good jobs report is a good jobs report because the fed will not hike interest rates anymore at least for now. stuart: larry kudlow is on the show and will have a big smile on his face, he is on the show at 10:00, 9:30 off and running. the dow has opened and i'm sure it is right to the upside. in the immediate opening bell, 200 points, not a lot of dow 30 opened at this point but they will probably be up, 2 thirds of one person, strong gain and the nasdaq is up, not bad, 3 quarters of 1%, 8600. that is a rally and a half.
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>> the consumer is on fire, market is on fire. may be there will be a recession, don't know why there coming up with that. not in any numbers we are seeing, full employment, lots of wage close, then you say people cut back on jobs because they think there might be -- what are you talking about? do you want it to be bad? stuart: think of the politics of this. he to inject politics but obvious prosperity, donald trump and the economy but they are trying to throw him out of office with impeachment, what a contradiction. ridiculous. >> the only two incumbent but lost reelection in the modern era were carter and george h bush but that is because of the late recession. with job creation i don't see that coming. stuart: if democrats were hoping for a recession before the 2020 election dream on,
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think again. the market keeps going up. it at 209 points? 66 for the nasdaq. starting with apple, coming out with a completely wireless iphone in a couple years. everybody was laughing at me. i'm trying to get this to be explains. we don't have any more than plugs. >> i will explain in a varney kind of way, no buyers for the high end iphone. there is some skepticism from one of the top analysts on apple. the wireless charging pad was shelved and delay but apple might be going low end. a $400 smartphone coming out in
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- >> every room in my house, these charges everywhere. >> you get 5g next year and a bigger screen. lots of predictions but big sellers this year and consumer strength, you pay for figure sums for a new phone. stuart: apple is at 268 which is close to the all-time high. check the big board, we are three minutes in and up 229 points. one more stock to check is uber, the report showing 3000 sexual assault last year alone in a way up markets. that stock is down 1.4%. uber went public at 45. rough week for pellaton shares, 3152.
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microsoft finds a password security problem affecting 44 million users, has not hurt the stock which is up $.75. here's the indicator i am looking for. the 10 year treasury yield, 1.85%, that yield goes up to me, an economic indicator, that tells me we have a strong economy. >> looking at this strong jobs number, there will be more demand for money, and uptick in inflation expectations. that is a positive for this market. stuart: the price of gold is down $17, the price of oil 58, $59 a barrel, even though opec is meeting today and talking about cutbacks in oil production. you brought us some winners and losers. don't know if you got the chart
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but the numbers, department stores, terrible. your selection of retail winners trade up. >> i have been coming here for a long time. what we are talking about, is it valuable or useful? it is. i have been naming the same 5 stock since january. i checked it over and over again. my father in law said talk about something, walmart, target, costco, dollar general. it is near the end of the year, 37% year to date and we are have been hard on department stores, macy's, kohl's, dillards, pennies down 31%. the gap between winners up 37% and losers down 31%, 68% difference, it is almost all we talk about and it is right.
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stuart: when you are right you are right and glad you pumped it up, give credit so what do you do for me now? >> i can't think of one retailer who has been down this far who has ever come back. >> consumer trends are so long-term, when your grandfather -- take a look, sears, pennies, woolworths, one after the other, montgomery wards and declines continue, walmart, target, costco reported a positive, they had some issues with the website black friday and cybermonday, t.j. maxx, these people will keep winning it even though stocks are up it is a better bet than falling on a falling knife.
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stuart: i'm not selling my microsoft talk. supposedly. if you work there and call out sick, the company has a nurse to check if you are hung over. andy pudzner is with us, checking up on workers who call in sick to see if they are hung over. >> i think chipotle needs to convince consumers they aren't going to get sick because they got such terrible publicity from prior incidents but you wonder why chipotle is the one brand that needs to have employees call into nurses to make sure they are not second hung over. what most companies do and what chipotle needs to enforce is what happens in the restaurant, employees wearing gloves, how often they wash their hands.
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the kind of policies where these don't happen at other brands. there is nothing wrong with them having employees call into the nurse. it is little invasive but probably a good idea for the company to do it to convince consumers, but why do they need it when no one else needs to? stuart: investors seem to be impression of, the stock is at $800 a share, remarkable comeback. >> getting sick eating their food. they have overreacted. it is kind of creepy. where they were it makes sense. >> more of a labor shortage issue because chipotle has been offering four day weeks for their workers and supervisors to retain talents. it might be because it is a tight labor market with the latest jobs report. >> you have to pay them more.
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>> the labor market emphasizes what a great jobs number this is. imagine if there were a lot of workers available. they can't find workers and we had a 300,000 jobs for the month. stuart: it is an extraordinary report, 260,000 jobs, revision with jobs upward in previous months ended hours up 241 points. burgers will be sold at some costco stores. stuart: costco, why not? ashley: eight patty packs, there will be certain costco locations but this sector, the cloud-based market is expected to hit 140 billion over the next decade.
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stuart: what do you think of a $140 plant-based food market? >> my daughter has become a vegetarian. this appeals to her. when costco carries a small assortment it is a limited number and they have to sell a lot of them for it to work. there adding it shows this is gone mainstream. it is a big deal. retailers, really smart. when they put this in it is real and live and growing like crazy. stuart: guess what. >> you got to respond to consumer demand. at thanksgiving my daughter became a vegetarian too. it is real and it is coming. stuart: you got rid of the turkey because your daughter is a vegetarian. >> we had to have a separate course for her. >> he gets her potatoes. >> you come on the show because you have fun.
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good stuff indeed and look at that market. not quite the high of the day, 239 points. on the show in our next hour i will speak to the white house's top economics guy, larry kudlow. i'm sure he will be happy with the jobs report. extreme weather, now they have a new store where you can test the coat in the extreme weather. you go to the store for the experience of extreme weather. netflix has not released numbers on the irishman, the highly anticipated gangster film. they don't have to release numbers but if they were good don't you think they would want to tout that more? more varney after this. ♪
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stuart: opec and its allies agree to deepen loyal production talks, a further 500,000 barrels a day, the price of oil is up 30 $.30, $58 a barrel. check the big board. we are up 260 points. the market has gone straight up after the explosive jobs report. amazon's popular series the marvelous mrs. meisel is back. this is season 3 of that show.
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it is i for amazon. what do you make of it? >> yes it is. happy friday. what we are noticing in streaming is new. instead of dropping the entire series or season they are dropping one episode weekly. you see them launch with three or four episodes and then let you wait until the next friday or so to get the next one. it creates anticipation. they are going back a little bit in time, creates that watercooler buzz. you are seeing that it amazon with prime video, seeing disney plus do it. stuart: the irishman. netflix did not release numbers on how many people watched it. i would have thought if they got big numbers they would have released the numbers. >> they are pretty quiet about their sales overall.
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subscriber base, took them forever to talk about that but i remember the buzz of the irishman at the airport lounge and there were two people saying it is downloadable, they were very excited about it. waiting in our studio in los angeles the crew talking about it and one saying they could cut an hour out of it, martin scorsese may have lost his edge. the box office down 16% over the thanksgiving weekend. stuart: cable ratings are sagging. the nba says cable tv's business model is broken. we say all the time it is streaming that is beating them. to be -- >> they are relying on revenue from espn and tnt, they are seeing a 20% loss of that over the last four years.
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adam silver, the commissioner in new york, haslett it out saying this is a much bigger problem than he thought and they have got to innovate and over the next 5 years you will see more innovation in streaming than we have seen in 40 years of television. stuart: live sports have to get onto streaming. >> in terms of traditional broadcast tv the nfl is doing quite well. all those are doing well. stuart: we reported apple has an iphone that will be completely wireless. is that where tech is heading? >> this analyst that everybody has their eyes on, the new iphone expected in 2021 will be the premium one that is reported and pretty accurate
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with these predictions to be completely wireless. they got rid of the audio port, the head jacket drove people nuts and they are getting rid of the lightning port or if you are in europe it will be the us bc port. no wires at all. that is the wireless future. on an airplane i am the guy who drags drinks to the next group of people when i get up and forget i am plugged in. stuart: i have a charger in every room of my house, the office, the car. >> i think i have a garbage can here somewhere. that is what you want to do with them. stuart: the charging pads, you put it down flat on a pad. i'm told it is not that great. >> it works fine. stuart: you are a techy. >> it is a pretty standard thing.
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go to starbucks, they have -- wireless is everywhere you go. stuart: they laugh at me. >> they laugh with you. >> susan laugh at me and i know that for a fact. i will keep reporting streaming because it is clearly the revolution. check the dow 30. it is the middle of a riproaring rally. 29 of the dow 30 in the green and the dow is up precisely 1%. that is a rally. yesterday i promised no more baby yoda but it is more trendy than the 2020 democrat presidential candidates. we are going to follow it. more varney after this.
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1338, amazon, 1752, facebook above $200 a share. microsoft, $150.69. a judge in la rulebook bill my's fight with disney can go to trial. he said disney owes him back pay and back profits from his 1990s tv show. i thought he was a green socialist was what is he doing claiming millions of dollars? >> you can't expect these elitists to live by the standards they preach, they are for the rest of us. this is the same guy who said you shouldn't judge people on gender after calling himself the science guy for 30 years. now attempt to be consistent with their philosophy. it reminds me of the climate change advocates who all travel to italy in their private jets and yachts to preach to the rest of us about climate change. you can't expect them to live by their own standards.
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stuart: if one thing gets to me it is rich socialists. there are a lot of them about. senator elizabeth foreign is worth according to congressional records $12 million and bernie sanders close to $3 million. i don't get it. bernie sanders in that fox news debate was asked you made these millions of dollars, i'm not going to apologize for writing a successful book, you can actually make a lot of money and don't have to apologize, bernie sanders is the most hypocritical of all the candidates. he took advantage of the lower tax rates and every tax deduction to pay lower taxes himself after opposing the tax cuts and get everybody else to pay higher taxes. it is funny to watch.
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i hope people understand what these people are doing versus what they are saying. stuart: i hope we get some understanding that after a blowout jobs report and real prosperity you elect a socialist in 2020 and it all goes away and that is a fact. >> impeach the guy we got now, it is ridiculous. stuart: thanks for being with us. coming up on your screens we will show it to you again, video of world leaders, nato, marking the president. i want to know what lera trump makes of this in the 11:00 hour. the blowout jobs report, larry kudlow in the next hour is coming up shortly. we offer commission-free online u.s. stock and etf trades. and, when you open a new fidelity brokerage account, your cash is automatically invested at a great rate --
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momentarily, larry kudlow will join us. i'm sure he's going to be happy with this. [laughter] of course. he's part of the architect of this prosperity, and i'm sure he'll have a big smile on his face when he comes up in just a couple of minutes. now it's, bang, there it goes, 10:00 eastern time. we do now have the latest read on consumer sentiment. i'm interested in an uptrend, a more positive look g. >> and you know what? what you desire, you'll get. 99.2. we hit a four month high in november at 96.8, so at 99.2, it's an incredibly strong number. constituter stuart it is, isn't it? >> very strong the number. stuart: that's a powerful signal for the future. yeah, you've got it right. okay. look at the markets. i didn't see an immediate response at that sentiment number, but we're still up much better than 1% right now. the dow industrials off up 286
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points. now this: on the one hand, the economy, a blowout jobs report, full employment, strong growth, market records. i'm going to call that prosperity. oh, on the other hand, divisive, hateful politics otherwise known as impeachment. almost every day this division is on full display, and you can see it all over again today. start with that jobs report. very strong. a super low unemployment rate. small business reports an uptick in hiring, a half million manufacturing job openings, but they can't find qualified workers to fill those openings. the market remains right at all-time highs, and it's going up sharply today. the price of gas, cheap. the average is $2.58 a gallon nationwide. there's no inflation, and you can get a 30-year fixed rate mortgage for, what, 3.7. that's low. in short, prosperity rolls on. so does the anger and negative
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emotion that we now lump onto the headline of impeachment. speaker pelosi has plunged congress into a dead end, go nowhere political brawl that will not remove the president from office, but will stop progress on trade, government spending, prescription drug prices. what a contrast. a great economy, terrible politics. we are going to accentuate the positive as the second hour of "varney" continues. now, president trump just tweeting about the jobs report, here it is. short, sharp, to the point. great jobs report, all caps. that's important. [laughter] all caps direct from the president just in to us. john layfield is with us, market watcher. you agree with me on this, this real contrast between the prosperous economy and politics that's just so divisive? >> i completely agree, yeah. i think it is an absolute embarrassment, what is going on here in the capital.
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i'm in d.c. right now, between both parties. and i think it is both parties. i don't exclude the president from this either. we have parties now that trying to galvanize their base birdies liking, dehumanizing or hating some group, and i think that is terrible for our country. the problem i have with impeachment, i don't think the president should not be impeached because he has a good economy. the problem i have with it is, these are serious allegations. crimes against the president of the united states of america, and it's 100% partisan vote. that, to me, is an embarrassment to our country. stuart: we also have bill mcgurn, wall street junior kind of guy -- "wall street journal" kind of guy. >> sometimes i think you have me on here just to say you're very brilliant in the way say that -- [laughter] you're right about that. it's better than the reverse, isn't it? right? because you can just turn the dial off, not watch the impeachment, which i think most
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americans are doing. they're just not engaged in the political stuff. they see these guys, you know, playing this game, and they're getting on with their lives. stuart: but as far as the market is concerned, impeachment is a non-issue. >> right. it hasn't panned out. the democrats -- look, everything was done according to script the moment mrs. pelosi said we're going ahead with the inquiry by that sort of bogus vote that she doctored later. she picked adam schiff to run it, probably the least trusted democrat among republicans. practically guaranteed that it would be a partisan show. we had this crazy show this week with these four law professors, only one of whom sort of gave a credible performance, mr. turley. so this is, you know, people see it and they see it for what it is. stuart: got it. hold on a second, bill. i just want to recap this jobs report because for the benefit of viewers just joining us, it was truly spectacular. and i'm sure larry dud low, who's going -- kudlow, will back that up.
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266,000 new jobs. the unemployment rate down to 3.5%. that is an historic low, i think. wages rising at a 3.1% clip year-over-year, and i think it's the 16th month in a row of 3% plus wage growth. john layfield, i call that a blowout. how about you? >> i completely agree with you. we're having a love fest on here for stuart varney, because you have been right with everything you've said so far. i completely agree. this is a terrific jobs number. we have a little bit of headwinds in our economy right now, 2% gdp growth, a problem with our manufacturing recession we have going on, but we're not going into a recession as far as the overall economy, not when you have you have full employment and wage growth like this. the consumer sentiment number, i thought, was huge as well. when you have 70% of gdp and this is a consumer-led economy, that consumer sentiment number is very high. it look like this economy is going to keep going on the same path for this some time.
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stuart: i do want to talk to you about oil briefly because when you've got a market rally like this, we don't want to spend too much time with opec and oil. they have agreed to lower production again, and the price of oil is back up to $59 a barrel. john, i think that's good news for american drillers. >> i think it's great news -- stuart: because they need a higher price. >> yes, they do. they need a rate somewhere around $60 a barrel. you have right now in the permian basin rig count has gone from 487 down to 407 this year. part of that is because you have more efficiencies coming out of those rigs, and you are seeing an increase in production of about 11.8%. fossil fuels in north america right now going on, but you do need a higher number. i think we're in a range right now because i don't trust anybody in opec. you look at the production cuts that came out this year, they came out because you had libya, iran and venezuela. those were poorly run governments, those were sanctions.
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you also had russia which had a tainted pipeline. that was not a cut. that was a problem they had, a mechanical infrastructure problem they had. i don't think they can even trust each other. i don't think there's much they can do because if oil prices goes higher, shale oil comes on. if they go lower, opec trying to do something to change prices. as long as we're in the high 50s, that is a very profitable range. if you look at the permian basin, the part closest to el paso and new mexico, that oil goes down to about $33-35 a barrel which makes it profitable. so these oil guys in west texas are finding ways to be profitable at very low levels. stuart: we love to hear that. john, thanks very much. back to bill mcgurn briefly, senator warren keeps on saying -- and bernie sanders -- keeps on saying, same old, same old, this economy's not working for everyone. it's only working for the rich. >> yeah, it's ridiculous with
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the jobs numbers. and that is going to be a very hard sell assuming that the economy continues to chug along this way next year. and joe biden just joined a monstrous tax proposal. to kill it all off. i think they're going to have a hard time with that sale. stuart: bill, thank you very much, indeed. >> thank you. stuart: i've got to get back to that market because this is a spectacular rally following a spectacular jobs report. the dow's up 273 points. that's 1, basically. the nasdaq is up 1%, and the s&p, solid gain. all across the board, solid gains. individual stocks that are moving. first off, tesla. morgan stanley said the share price could rise to $500 a share, up 50% on new cyber truck success and and growth in china. that's what they're saying. the stock is up 2 today. zoom video, signs of slowing revenue growth. ouch. when you do that, stock goes down 9% for zoom video, down.
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the beauty chain ulta, big winner today. jackie deangelis at the new york stock exchange, it's up 12 percent. why such a big gain? >> reporter: good morning, stuart. that is a huge move for the stock. it's because it reported third quarter earnings better than expectations. it actually had earnings that were higher, and the market loved it. full-year outlook also raised for this company. so it saw top line growth, growth margin expansion, earnings growth. and, remember, the cosmetics industry, is so challenging right now, so competitive right now. this beat was really big for ulta, trading higher than 12%. up this morning. stuart: before you leave us, is that aal of consumer strength? >> absolutely. look, cosmetics is one piece of it, especially that's very competitive. stuart: jackie deangelis at the new york stock exchange on a very busy day. how about microsoft? big password headache affecting millions? really? what's that about? >> well, there was a breach of over four billion -- stuart: billion? >> there was a breach of 4.1
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billion. stuart: billion what? >> billion account passwords. stuart: really? >> the 44 million users are the ones that had serious security problems, meaning they were actually authenticated and identified. and that's a problem because we all reuse passwords, and they can use that password onto other accounts you've been on. basically, get two-factor authentication and try to use maybe other services like google authentication as well. stuart: you know, you often get these stories of facebook and google in particular, and amazon to some degree. >> yeah. stuart: microsoft is rarely hit with this kind of data breaches or password problems. not having much effect on the stock, it's up a a half percent. i guess it lags the overall market, which is up 1 president. nonetheless -- 1%. moth at 150. new high for the day, ladies and gentlemen, the dow is now up
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284 -- no, 285. there you go. up 285 points, better than 1%. the s&p up 27, nasdaq is up 79 points. all of this follows that blowout november jobs report. and coming up next, larry kudlow, he joins us after this. president trump got back from the nato summit after video merged of three other world leaders apparently making fun of him. in our next hour, i'm going to ask his daughter-in-law, lara trump, what the trump family thought about that. canada goose, you know, those expensive coats that are made for extreme weather? we've got a brand ambassador for the store that lets customers experience extreme weather. that's how their trying to get you in to buy a canada goose jacket. >> try 'em out. stuart: we'll be back. ♪ ♪ in your printer ready for another school year? what's "cyan" mean? honor roll.
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stuart: in the anal of -- check that big board. [laughter] that's the automatic thing you've got to do on a day like this. you're up 291 points. that's the best part of 300 points up for the dow jones industrial average. and, of course, this is all about the blowout jobs report and a very strong consumer confidence report 15 minutes ago. next case, we talk a lot about how stores are offering experiences to try to get customers in the door. we've got a new one for you, canada goose. you know, the popular down jacket, supposed to be very warm? customers can test these coats in extreme weather environments. how about that? retail watcher doug stevens is with us. how does this work? i go to a canada goose store, and they've got a room that's real cold, and i try on a jacket? is that it? [laughter] >> that's not -- that's part of it, for sure, stuart. so this is a store, a newly-opened store in toronto, and it sells nothing except an experience. there's no product in the store whatsoever.
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but the customer is guided through an experience with what they call a journey teller that essentially fills you in on the background, the history of canada goose, a lot of the technology that goes into these jackets. and then at the end of the experience, you have the opportunity to actually put on one of these garments and go into a snow-filled arctic chamber. stuart: i'm not so sure i'd go for that. i understand go into a snow-filled arctic chamber with a canada goose jacket on, i got that. but i'm not so keen on learning about the history and all the rest of it. is it working? >> i think this is part of the trend that goes beyond canada goose. i think what we're seeing among brands like canada goose like nike, for example, is what they are trying to do is take a greater control of their own narratives around their brands in the marketplace x. and they really want to position themselves as originators of a lot of these products. a lot of copycat
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products are coming into the market as well. this is an opportunity to give consumers a sense of the brand history and the technology that dose into the garments, but -- that goes into the garments, but at the same time it's treating consumers to something they're not going to find in every other store in the country. stuart: do you think this experience, offering experiences, is a way to salvage the department store and salvage the mall? >> i do. i do, absolutely. i think that, in fact, in a world where virtually every product today is at our finger trips or as close as our mobile device, experiences are really becoming the final differentiator between one brand and another. and what we know from consumer sur says -- surveys is that consumers gravitate towards brands that they feel give them that added value experience when they're buying it. and we can't forget too, stuart, that these are sometimes thousand dollar or more parkas. and so, you know, from a consumer standpoint, there should be some experience attached to that. stuart: you're the retail prophet if --
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prophet guy, in that sense. do you advise stores on how to give somebody an experience? >> we do, actually, yes. we have done a tremendous amount of research around what constitutes what we would call a remarkable experience. and we really found that there were five key components to just about every remarkable experience we have as consumers. and they are, essentially, surprise, uniqueness, personalization, engagement -- so physical engagement with the product -- and then repeatability, the ability to repeat that experience for a multitude of consumers. and what we also find is that brands that are delivering these kinds of ec appearances to consumers -- experiences to consumers are outperforming in the market. you'll notice that nike has been on a tear for the last year. i think their share price is up about 30%. and a lot of that is because they're taking greater ownership of these experiences in the market. stuart: fascinating. few way of shopping.
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doug stevens, the retail prophet, thanks for joining us. >> my pleasure. thank you, stuart. stuart: attention, travelers. you feel like looking glamorous but you don't want to leave your hotel room? stay at a marriott. [laughter] now, susan, before you launch, i don't understand any of this. take me through it. >> fashion -- stuart: gently. >> the new rent the runway. stuart: that's what i don't understand. >> it's been around for a few years. instead of buying your clothes, you just rent them on the app on your negotiation right in. stuart: what's that got to do with marriott? >> basically, you can travel luggage-free. they're offering this in d.c., hollywood, it's $69 a month for what they're calling the ultimate travel wardrobe. and, you know, this is an interesting partnership because marriott starwood is the largest hotel oaterrer in the world. they have -- operator in the world. they have around 5800 properties, and if this works in these glamorous locations, it might work
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in the future. stuart: where are the clothes? >> the clothes will be shipped directly to you. you order them, rent them on the app, and it's sent to you. the clothes will be sent automatically to your hotel room. >> got it. stuart: they just send the clothes to a marriott hotel where you're going to stay. >> right. so you don't have to bring luggage with you which means you can get through, hopefully, security and tsa a lot faster and travel glamorously -- stuart: well, i can do that with fedex -- [laughter] >> maybe you don't have time to pick the ultimate wardrobe to go to your d.c. event -- stuart: what is a curated outfit fit? >> that means it's carefully chosen for you with these designer labels and designer outfits and different designs, you know? fashion counts in this world, right? and people care about their appearance. stuart: i do understand -- >> okay. [laughter] stuart: would you do that? >> i don't know. i choose my own outfits because i feel that it
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expresses your own, i guess, views and style? stuart: don't you choose your own outfits with this fashion runway app or whatever it's called? >> i also have problems with renting clothes instead of buying as well. it's a personal opinion. stuart: i understand. >> a lot of people do subscribe to rent the run areway. stuart: they do? >> yeah, they do. absolutely. stuart: do you have one? >> not recently, no. [laughter] as you can tell. i just put a suit on every day. >> curated. stuart: we got to the bottom of it with susan. that was very good. nordstrom teaming up with tech companies to get your order to you faster. explain this one. >> well, in the age, in the era of amazon, the biggest, you know, problem facing retailers is cutting costs while getting items to customers as quickly as possible. those two are not interchangeable. is so what nordstrom is trying, they're working with a couple of tech companies who have smaller warehouses, all about supply chain. trying to get the products to the
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customers further or quicker than having extended shipping and all those delays. so building these particular, what do they call them, fulfillment sectors, is another way they're changing it. instead of the traditional row and aisle, they're stacking shelves vertically. and apparently, it's a lot more efficient. you can use robotics far more easily. and do you know how they got that concept? stuart: tell me. >> by looking at ant colonies. [laughter] i kid you not, they store their items vertically. it's the most efficient way to go, and they said, you know, ants are brilliant in so many ways, so that's what they're doing. stuart: and nordstrom is up nearly 2% today. what a show this is. [laughter] you've got to tune in. you'd better tune in today. well, look at this, this is a terrific market, very, very strong. we're up, what, 281 points, pretty close to 28,000 on the dow industrials. this, of course, follows the blowout jobs report. national economic council director larry kudlow joins us just a
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few minutes from now. this month xfl league debuted their new uniforms. john layfield, he's a football kind of guy, we'll take a look. i didn't think they mattered very much, but apparently it's a big deal. we'll check out the new uniforms with john layfield next. ♪ ♪ 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.
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that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today. stuart: well, we were up 290 points, anu we're only up 267 points. but we will take it. that's a gain of still almost 1%. now, football fans, listen up to this one. work we owner vince mcmahon's
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xfl, the season kicks off next february the 8th, next year. the new team uniforms have just been unveiled. so come back in, john layfield. you're a former wwe wrestler. you tell me why i am spending any time on this program talking about the new football uniforms for xfl next year. >> because the xfl is going to change the game completely. the game of football, this is going to make you and ash american football fans with if you're not lahr. [laughter] -- already. forget the uniforms for justs a minute, listen to some of the rule changes. it's just as revolutionary. you're going to have a european soccer-style shootout in overtime. line up both teams' offense, take five shots at goal. just like european shootouts at the end of regular time and soccer games. same thing in football. extra points now, no kicking. you can go from the 2-yard line, the 5-yard line and the 10-yard line and you get one point, two
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points or three points respectively. and when you talk about penalties, officials are going to have the option of removing a player from the field for one play. if it's not egregious enough they think to make a penalty flag or you'd have to call in to the replay booth. so you're going to have continuous play. look at european soccer or rugby around the world, soccer around the world, the chock run continuously -- clock runs continuously except for change of possession and the two minute warning. a lot of innovation including you kick off from the 15-yard line. so you're not going to see all these touchbacks. it virtually guarantees that a kicker has to return the kick. there's a lot of great things starting february 8th. stuart: now i understand. now i've got it. this story was sold to me on the basis of the uniforms, very important. [laughter] you got it right, john. thank you very much, indeed. totally new rules geared towards continuous play soccer. that's the -- [laughter]
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important point. >> that's right. stuart: that's are important. >> you and ash are going to love it. stuart: maybe. [laughter] john, you're all right. thanks very much, indeed, john. we'll see you soon. >> thanks, stuart. stuart: next one. the parent of smith and wesson says demand for guns is improving. >> yeah, they have four-year sales that have exceeded the dreaded expectations, stuart varney, their profit guidance has been raised. there's been a period of weak demand in gun sales, but things are picking up. october the fbi background checks on new gun sales, which is the way they kind of measure demand, was up 10% in october year-over-year. by the way, the smith & wesson brand comes under the american outdoor brand name, but it's going to be spun off next year into a separate company. but, yeah, walmart and dick's sporting goods, as we know, among the big retailers that have restricted a variety of guns and ammunition that they sell. that has hurt a little bit.
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but according to this latest report, the gun market is still i guess you could call it stabilizing. stuart: mike bloomberg looks like he's going to be the next president of the united states, gun sales -- >> through the roof. stuart: -- will take off, because gun control is his big issue. >> just like it did before president obama took over. stuart: exactly. check the big board, 272 points higher, .if 99%. -- .99. we're up across the board today. bloomberg came out with a report about the number of sexual assaults in the united states amongst their 1.3 billion rides -- uber. >> 3,000 last year, 5,000 total from 2017 to 2018 only for the u.s., mind you. and uber did this voluntarily, and they are challenging the competition and even taxis, why don't you come up with this kind of report as well. but they say, look, in the u.s., i mean, this does happen,
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tragically. 515 rapes, unfortunately, during that time period as well. and they're being very cautious about this because even if someone just complains, they record it as the worst penalty on this report. now, what are they doing about it? well, basically, they've unrolled a lot of new safe defeatures to prevent this from happening and even more serious events like tragic murders, for instance. but, you know, uber says it's only .001% of the rides. they have 2.3 billion rides over those two years, 2017, 2018, and very, very few, .01%, unfortunately, came up with these horrible assaults. stuart: and the stock is down again, $28 a sharaf going public at $45 just a few months ago. >> one interesting stat is that it was evenly split between assaults on drivers and passengers. it's interesting because here in the u.s. i notice that it's mostly male drivers. maybe elsewhere in the world i've noticed there are more female drivers. stuart: that's interesting, an
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even split between attacks on the driver and the passenger. >> correct. stuart: that should have been right up front because that makes a difference when you say 3,000 assaults -- >> you assume it's mostly -- stuart: you assume it's passengers, but it's not. a 50/50 split, that's very important. susan, thank you very much. let's get to france because tens of thousands of protesters hit the streets throughout france, and this is the second day of what is called a general strike. this is about an overhaul of the pension fund? >> yeah. they don't like the fact that they may have to work later in life, or if they decide to retire early, they're not going to get as much money as they would right now. oh, to be in paris, stu, at christmas, you know? the champs-élysees, all the shops are closed. you think you dash down to the metro, oh, stations closed. let's go to the eiffel tower, closed. how about a high-speed train? closed. airports, closed. nothing like happy holiday time in france. this is the second day general strike across the country, by the way, not just in paris. there have been arrest ares.
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but the government says this isn't fair, the way the system is set up. some people get to retire early on full benefits ahead of others, and they're going to -- what they're proposing is universal pension points where everyone gets to be treated exactly the same. now, they tried something similar to this back in 1995. massive protests and strikes that lasted three week, and in the end, the government backed down. this is a real test for macron to see whether he can stick to his guns and say pension reform is coming. right now they do not like it. stuart: so right after confronting president trump in london, emmanuel macron had to jump on his plane, go back to paris, and it's chaos. he can't back down because if he does, he'll have a real problem. >> oh, yes, he does. stuart: my, oh, my. dow jones industrials now up 279 points, and the s&p is up 27 points, 76 up for the nasdaq. look, let's be -- let's get real
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here. this upside surge -- [laughter] this is the all about the jobs report. came out almost exactly two hours ago, and it was a blockbuster. >> absolutely. stuart: 266,000 new jobs, 3.5% unemployment. that's the rate. that's historically extremely low. i don't know that it's the all-time low, but it's certainly way, or way down there. and wages, this is the important point here, wages rising 3.1% year-over-year. this is the 16th month, consecutive month of 3% wage gains which suggests that the consumer is going into this holiday period and into the early part of next year very, very strong, and that's why you've got a market -- >> and let us not forget, we just got the consumer sentiment number, university of michigan, which was the highest in the first part of december here since back in may. so that's a seven month high there. so the psyche of the consumer is good. >> as they should. look at this tight labor market. we're looking at 4% and below
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for the unemployment right now for 20 straight months. the participation rate still near a six-year high which is fantastic. and jobs have grown now for the past few months above 200,000, 205,000 on average. that's very close to 2018's entire 12-month average which was a tell lahr year for job creation -- stellar year for job creation. and that winning streak passed the hundredth month and counting. stuart: the problem is getting people into the work force. >> right. stuart: they need more people. that's a fact. oh, wait for it, larry kudlow is with us, joining us now. white house economist larry kudlow. he's there. i thought -- i'm glad you're on camera and not on the phone, because i wanted to see a great big smile as soon as you appeared -- [laughter] because of the jobs report. you know, larry, why don't you just take a victory lap and go at it right now. >> oh, you know, modest guy that i am -- [laughter] let me take my throat lozenge out. i've been talking for so long, i
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can't talk. first of all, stu, it's always a pleasure. happy thanksgiving and holidays. stuart: thank you. >> i just want to say that these are spectacular numbers, what, 236 and then you -- 266 and then you had a 241,000 up for revision. those are really big numbers. you're back in the 300,000 zone. but really, really, i guess the fundamental point, america is working. america is working. and just to go underneath that, what we find looking at the numbers from this month and recent months and the whole year or so, the production workers are getting faster wage gains than their bosses, the managers. last time i saw that, stu, was when i was a reagan cub scout at omb here. it's the same idea. we hadn't seen that for many, many years. and i want to make one last point surrounding this, america is working. we are in an american workers'
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boom with respect to income and wages. but look, president trump has restructured and rebuilt this economy with lower taxes and regulations and energy openings and trade openings, tough trade openings. we are seeing some very big changes in the whole infrastructure of the u.s. economy. and you know what? it's not over yet. i know everybody was talking about a recession a few months ago. i argued til i was blue in the face that wouldn't happen. this thing is nowhere's near over, nowhere's near over. stuart: so can we get closer to 3% growth in the early part of next year? because we've come down from 3%, 2. we're probably around 2% right now. but with a jobs report like this, wages rising and all the changes that you've outlined there, larry, can we get to 3% in the early part of next year?
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can we do it? >> well, we sure can. we absolutely surely can. i mean, one key here, just i'll be general and then i'll be very direct, one key here is to get my theme of rebuilding and restructuring. president trump has reestablished and retored and deepened incentives, incentives, you know, to work, to invest, to take risks, to start a business. he's not attacking success, he's rewarding success. that's a huge part of the restructuring. now, to the numerical point, some positive things happening. i mean, look, we ran up against an extremely severe, tight monetary policy starting in 2017 and then brutalizing in 2018. now, the fed has changed course, they've taken the foot off the brake. the balance sheet is rising nicely. i looked this morning, the monetary base are growing about
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14% at an annual rate year on year. that's a total reversal from where we were a year ago and a darn good thing. and they've lowered the rates. so that's a big plus right there because, you know, that monetary stuff was stifling the incentives that i was arguing about before. so i'm very hopeful on that. and just on today's jobs numbers, stu, i think we are moving into a cap-ex business investment recovery. we had a terrific one in 2017 -- stuart: how do you think -- how do you know that? what numbers can you tell me that we got a capital investment resurgence? where is it? >> couple things. and it's not overwhelming, but i will just say here's what i'm looking at, you know? i used to be a wall street economist, etc., etc., etc. the durable goods report, the core cap-ex shipments and orders
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popped up in october. that doesn't make a a whole story, but it's the first nice pop-up i've seen. and one other point i'll make, and this is maybe a little more controversial, i know the ism manufacturing was down a bit. but, you know, they're competing with the9 market pmi, and that broader measure -- it covers more companies -- that's been up now, i believe, for three or four straight months. so there's early signs. but the other thing too with the gm strike over, i think these employment numbers and the income numbers behind it are really going to produce much more business investment in machinery and technology and so forth. and then we've got stuff going on, look, nec is deeply involved in the 5g buildout. the 5g buildout is not only
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employing hundreds of billions of dollars and we're just getting started, there are going to be hundreds of thousands of people employed whether it's high band in the cities or mid band in the rural areas. that's already beginning. that's a whole disaster. you know, these are gales of creative destruction. technology leads the way. [laughter] so i'm just saying, america is working, america -- middle income americans are making more money. their take-home pay is better than anything we've seen in 20 years. so, yeah, i think business is going to -- stuart: okay. now tell me about china trade. i have to ask the question. every day we seem to get a headline on china trade. the market goes up, the market goes down. it's always indefinite. there's nothing concrete. can you give us a concrete word on china trade? for example, are we close to phase one deal? you know, are we? are we close? >> well, look, i will say we're
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close. i will really rather quote the president who himself in london and now back in washington last couple days has said virtually round the clock talks, talks have been constructive, the talks have been productive. he's been saying this, he's been tweeting this. he hasn't seen the final deal yet, but he's been pretty optimistic about the movement of this thing. the deputies level just, let's see, two nights ago they had a meeting. we're basically involved now in every aspect of this. so, you know, stay tuned. that's all i can say. stuart: well, here's what some people are saying, the president will move heaven and earth to keep this economy going into 2020 and into the election. and to keep it going, he'll do anything including working out a china trade deal because that would be good for the economy
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and good for the market. does he feel that pressure? is he in that corner? >> no, i think that's manager of a mischaracterization. something of a misexacterrization. let me be careful here, i don't want to misquote. he has said time and again he will sign a good deal or a great deal, as he could characterize it. what's good for the economy. well, a good deal this deals with issues such as farm if tariffs and farm purchases, intellectual property theft, forced technology transfer and a litany of things. a good deal like that, which is enforced, would be great for our economy. both our economies. on the other hand, stu, let me put it to you this way. if we don't get such a deal, then i think the president is bound and determined, as he has shown us, to defend america and
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to defend the american economy and defend the american worker, the farmer, the technology person. that's a form of economic growth too. i mean, we cannot give up, we cannot let any power, be it china or any other power, steal our dreams. our plans, our creativity. so the president must protect and defend our economic rights as well as national security. and you know what? he has been tough, i love tough, defending our economic security. it's also good for the economy. so, you know, let's see how this thing shakes out. stuart: okay. but i can quote you as saying, yes, you think we are close to a phase one deal. got it. one last one, please, larry. how did mr. trump really feel about that video where some world leaders appeared to be mocking him at the nato conference? do you know how he really felt about that? was he really angry? was that why he left the place
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fast? >> oh, i -- [laughter] i wasn't there at the time. i think, i think he's mellowed out a bit on that -- stuart: what? the president has mellowed out? [laughter] >> kind of mellowed out. it's such a beautiful day here, stu -- [laughter] it's sunny. jobs are coming in, americans are happy, i'm happy, you're happy. i think, i think the president used the word to describe one of the leaders as two-faced. so sometimes when you have two faces, you've got to pick the best face. stuart: not only are you an economist, you're also a diplomat. [laughter] you know how to dance around something real carefully. that was a masterful performance. >> thank you, sir. thank you. stoort sort thanks for your time. we appreciate it, we really do. >> thanks, stu. stuart: sure thing. all right. dow industrials actually went up a little bit during that -- >> yeah, right there. stuart: not very much, but we went up, we're up 300 as we
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speak. >> we are close to that deal. stuart: i think that's what did it when he said we are close. as far as he could go with this, we are close to a china trade deal. that's important. on your screens right now, well, we've talked a lot on this program about products you can order that come straight to your door, like a monthly box delivery. this one's called the fab fit fun box. full of full-sized products. it truly is the i want it now economy, explain more about that. next, baby owed da has gone -- owed da has gone viral on the internet. former arkansas governor mike huckabee if, elle talk to him about that. and speaker pelosi and catholicism. ♪ ♪ what shines forever?
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speaker pelosi, well, she was pretty upset when asked if she wants impeachment because she hates the president, and she's been invoking religion. watch this. >> do you hate the president, madam speaker? >> no, i don't hate anybody. >> representative -- [inaudible] [inaudible conversations] >> i don't hate anybody. i don't hate anyone. i was raised in a way that is a heart full of love and always pray for the president. and i still pray for the president. i pray for the president all the time. so don't mess with me when it comes to words like that. stuart: okay. former arkansas governor mike huckabee is with us. what do you feel about speaker pelosi invoking religion there, sir? >> well, i'm happy that she's affirming a faith. you know, she said she's so full of love that if you disagree with her, she'll scratch your eyes out, so be careful. [laughter] i thought it was classic. here's what i would love to ask
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speaker pelosi: if your faith is that important to you, and i will respect that she's sincere, why don't you observe two of the most important tenets of your faith which is protection on belief of the life and sacred nobility of every human life, including the unborn, why is that not important to you? it's important to your church. and believing that every life has value and intrinsic worth. and why don't you also affirm the teaching of your church when it comes to biblical traditional marriage? she's abandoned both of those, and those are very clear tenets of her faith. maybe she could explain that in the next press conference when she wants to talk about her personal faith and her prayers for the president. stuart: she seemed rattled on a couple of occasions. do you think she does, indeed, have the votes of all the democrats in the house? >> i do not. she probably has enough to get the impeachment articles passed, but i think there are going to be a number of democrats who look at this and say, you know,
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i don't want to be in the backseat of the kamikaze plane that nancy pelosi seems to be intent on flying straight into the water. and that's what she's doing. this isn't going anywhere. people saw this week what a total joke and sham it was. this is the same nancy pelosi e who said when passing obamacare we'll know what's in the bill after we pass the bill. i've often said that's like saying i'll know what i had for lunch after i pass what i had for lunch. that's absurd. stuart: okay. governor, i'm sorry it's so short, but i've got a big day with that stock market rally, the jobs report and all the rest of it. as always, thanks very much for being with us. >> great to be with you. stuart: check the big board, still up 300 points almost. 1.08%. it is a rally, and it's a rally all across the board. now this: all week we've been featuring companies that deliver products to your front door. you've got -- we've got another one.
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fabfitfun brings you beauty and wellness products in a box. i think it's once a month. katie anne is the cofounder, and katie is with us now. have i got this right, a box like that a arrives once a month? >> it's seasonal, so it comes out four times a year because everything is full size. we like to event-ize everything we do. we want them to be the right products. stuart: now, do i get to pick and choose which ones i want, or do i get the lot? >> exactly. the box is customized to our members and works in two different ways. one you can pick different products and you might choose an eye shadow palette, an oversized scarf, or if you want to remain surprised and delighted, our wonderful team of data scientists will choose for you based on your profile. stuart: it's a subscription service, and you're going to get money rolling in once you sign somebody up. >> well, you know, we get to know our members better and better every season. you know, we live in this world where people are really afraid to give up their information
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especially to e-com companies. but we don't have that problem. we've developed such a strong relationship that our members really love to give us information because they know when they do, the membership actually becomes better. they feel like they're building this business with us. stuart: how much for a year? >> so it's $49.99 a season, or you can prepay for the year at $180. and then you get little bonus items like more choices in your box, early shipping, early access to sales, etc. stuart: anything in a box delivered these days. we have pet toys and pet food just the other day. >> it's a whole crazy world. stuart: it's a great world. you've got a subscription service. and people find it difficult to cancel, don't they? isn't that the truth? >> i will actually say it is part of our mission to make it as easy as possible to cancel. we believe we are delivering so much value n. this box alone you'll see well over $300 worth of retail value, plus you get access to our flash sales for
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when they can shop, you know, 3-600 prices, prices better than anywhere in real life or online. stuart: how many boxes went out this year? >> so we sent out over a million boxes each season. stuart: you did? i mean, that's a superb business. >> thank you very much. and that's only part of it. we have a whole host of house brands because we sit on so much data, we see a white space in the market, and we can launch new brands in the box. stuart: congratulations. that was really something else. >> thank you so much. stuart: it was called -- >> fabfitfun. it's a little bit of a tongue twister. stuart: the president and melania lit the white house christmas tree last night. the president thanked the military. more details shortly. national cookie day this week. next hour we'll talk to ceo of mrs. fields' cookies, and ill put it to him, how's business when the millennials are all
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about health? the impeachment hearings are underway, or they will be again next week, and you would think it would be republicans who are rattled, but i say it's democrats who are rattled. that's all coming up in my take next. ♪ (vo) the flock blindly falls into formation. flying south for the winter. they never stray from their predetermined path. but this season, a more thrilling journey is calling. defy the laws of human nature. at the season of audi sales event.
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the impeachment in front of usmc which would have helped all of us. then after her announcement, pelosi was asked about the president being hated. this is her response. >> i don't think anybody is. >> i don't hayton anyone. i was raised in a way that i should always pray for the president and i still pray for the president, all the time. so don't mess with me when it comes to words like that. >> okay, last night the speaker said itself is at stake. the impeachment vote may be december 22. the first night of hanukkah and two days before christmas eve. i does i thought civilization. last night in iowa, joe biden
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went after a question. >> you are a liar, man. no one ever said that. >> they said i set up my son to work in an oil company. isn't that what you said? >> here's the deal -- >> perhaps he just wanted to look tough. the law professor who opposed the impeachment case, he says he's home and university being invaded with threats. that's on him. over the top nonsense, how about this from the washington post. first lady lamia jump sending coded messages with the clothes she wears. before fact, the fashion editor said the christmas special was ridiculous and she had worn the shoes before. it's almost funny but it's not. it's a demonstration of the motion of the trumpet haters for
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the last three years. just wait until trump wins another term. ♪ 's we are getting reaction from the president's daughter, we want to know what she thinks. i will ask her about that the are from nato. the world joking about her father. first, let's get straight to your money. check that stock market. we hit a high right after i was told the u.s. and china are close to a phase one trade deal. then we have a blowout jobs report. let me run the numbers. 266,000 new jobs added last month. record low unemployment. 3.5%, the slowest in 50 years.
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hourly wages of more than 3% again. great news for the holidays. now here's larry kudlow stake. >> america is working. we are in a boom with respect to income and wages but president trump has restructured and rebuilt this economy with lower taxes and regulations and energy opening and trade opening, tough trade openings. >> the kings college of manhattan's business. we've gone through the numbers, i call them blowup and spectacular. one of the numbers today? tell us what it's going to be like in 2020. >> it could be a very big year. it is interesting to watch larry kudlow talk about this and watch the stock market reaction because what the market is
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looking for is can we pair the consumer with producers here to get a boost in business spending get back up to that investment we saw early in the trump administration? if we can do that, the 3% number could be right on the money. imagine 2020 were midyear, lightyear uc 3% growth into november. that's a big economic number. >> i tweet coming in from trump, without the horror show, which is the radical left, do nothing democrats, the stock market would be even better if that's possible. the border will be closed and the evil of drugs, gangs and all other problems. #2020. >> i think he's saying something very true. we are still waiting for our trade with canada and mexico. the effect that would have on the economy would have already had, it's so big he's right to
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that extent. we are missing out right now. >> these numbers would be bigger but we are not in a situation where the trade deal is still on the table. >> it doesn't look like we are going to get that's trade deal. >> it's starting to look like pelosi is timing the trade deal to coincide with getting impeachment vote from these vulnerable democrats. there seems to be some kind of dealmaking going on star. i don't know that but you look at the timing and you start to get that sent, they need a win to show they have thought. that's playing politics with americans paychecks. our pay and opportunities depend on these trade deals. how does that carry on with the voters? >> we've been trending down a little, 3% to 2%. this month november, this could be the turning.will we saw.
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>> consumer is ready for more growth. they are ready to precipitate, can we get them back on? that's the story of trade. >> larry kudlow is buried in that. >> i think it's being held back by the uncertainty of trade. i agree with them, it's ready to go. when you product consumer the strong, they want to know the investment won't be in vain. that's what congress does with the trade deal. that's what the president can do with a phase one deal with china. >> thanks for coming in. it's a great day to have your. dow industrials still up 300 points. uber, they released a report showing i think 3000 assault during 1.3 billion rights in america. >> that's the number four the last year.
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it's over 5000 sexual assault cases. uber is trying to be at the forefront of this. college student dead after getting into wrong lyft car. >> 50% or drivers and 50% were passengers. >> we assume most drivers in america are male, correct? i think that's probably the observation. >> i guess but if you break down those numbers, the raw number suggests it's the passengers getting attacked but that's not accurate. >> correct. that's the interesting part. compared to the new york transit, 1000. one transit system alone. >> oh, by think number for your.
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the actor who played the husband in that controversial ad is getting some heat. the elementary school teacher from vancouver canada says initially when they did this in september, it was all very positive. he realized there's been a lot more negativity. it's sexist, corny. he says i'm grappling with negative opinions, not are being constructively helpful. he's changed his instagram, he's trying to get his 15 minutes out of us. >> okay so he's having trouble as he walks down the street bu but -- >> but he is getting attention. >> if you are an actor, that's what you want. is this the last time we do this story? >> the stock needs to fall. >> the producers no more of it
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2020 senior advisor. do you think? i say it's the democrats strangely rattled. what do you say? >> they are freaking out prematurely. i have a 2-year-old and i know a temper tantrum when i see it and i know when they are melting down when you need to be ready and on your game. that's what you see happening with the democrats right now. you saw nancy talk about how she doesn't need anyone and she was so mad about not hitting the president. i didn't understand that but it's very clear they know they are in trouble. the last ditch attempt to get trump out of the white house, the impeachment of trump is not going over with the american people. nobody is buying it. they haven't shown any evidence he should be impeached so they are telling melting down. >> there's a possibility, it's
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not set in concrete the impeachment vote would take place december 22. again, that's not set in concrete but it's a possibility. it's two nights, two days before christmas eve. what kind of christmas or holiday president present is that for america? >> maybe it will be the best one of all because i think it will irritate the american people enough that even people who thought about possibly staying home is not getting out to vote for trump in 2020 will be so irritated that they have wall-to-wall coverage of this impeachment nonsense when they should be celebrating hanukkah or christmas but they are definitely going to come out and vote for him. i've said from the beginning i think this impeachment is actually a gift in a way to the president. he chose very clearly that the democrats know all the candidates are terrible. it's so hard to be the president who has the incredible background but this one does was the excess he's given to america. the job numbers i came out, we have the lowest unemployment of
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the history officially right now. it's thanks to donald trump. i don't know how to fight that. happy the american people have to endure this nonsense, it's so boring. i don't think many are tuning in anymore but they can go ahead and do it if they want to. we know the probably well. >> here's something else, the site of a couple of world leaders, the prime minister of canada and france, laughing at, appearing to mark our president. i didn't like that. i wonder if you know what the president's reaction was. some are hearing that maybe he left without that press conference because he was so angry at that videotape. what's the inside story? >> i haven't spoken to them but i think it's very clear that reality is this president will call people out on their
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nonsense and these world leaders are very frustrated because trump is not playing the game the same way the previous president played it. he's calling the mount saint you need to pay your fair share. it is not only up to the u.s. anymore, they are probably a little upset by that and they are acting like a couple of school kids on the playground. i doubt he was upset by it. they are trying to impeach him here at home. i don't think he was bothered. >> nine no, you overheard my comments and coverage of palatine right before the commercial break. i think you heard. you think it is sexist? >> i think this is the greatest gift they could have given themselves because a lot of people out there who did not know what it was, they now know about it with an added perfectly fine. i can tell you that you don't
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just work out to lose weight, you work out to be healthy and feel good so anyone insinuating there was anything misogynistic or otherwise about this ad is ridiculous. that's just my personal take. i think it's probably very good for them so kudos to them. they are doing pretty well, i'm sure. >> despite the criticism, the ad is still running. thank you for being with us. we appreciate it. president taking part in the fighting of the tree at the white house yesterday. did he have a problem turning the lights on? >> a beautiful ceremony, let's listen. >> we remember this eternal, every person is a beloved child of god. we praise the joy of family, the blessings of freedom and miracle of christmas on behalf of
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millennia and her entire family. merry christmas and god bless you all. >> they are beautiful, quit up last night. 50000 lights for the national tree, gorgeous. >> america's first all year-round indoor ski and snowboard park is open. real snow. we are going to water ski and i will sound off about what is a boon barbara. we'll be back.
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it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ we frequently told you about this thing called the american dream mall, it opened in new jersey a few weeks ago. it's all about experience, lots of different experiences along with actual retailing. those experiences include waterpark and real snow, indoor skiing. she's going to go down. what you got? >> i'm at the top of the field and i'll get closer.
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this was yesterday. it's every single day. have over 55 tons of snow. every day here. summer, winter, rain or shine it's called the big snow. thirty-four dollars and 99 cents. >> i'm terribly sorry, i have to break and because we've got an intermittent on the phone the but it is christine. have indoor skiing place in new jersey. i will call it a boom devil. it's a american dream mall. it's gigantic. one of the hardest in the world. it's copies experiences like the ski slopes.
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thursday waterpark, rockclimbing and a little bit of retail. the place is absolutely huge. i can't see it doing anything. >> you have to fight the crowd up there. the parking is free, i believe. >> now. >> i really don't know. i do know that she is a good skier. >> she's doing very well but looking at the rates to ski, $35 for an all access pass. that's not bad. it's relatively cheap compared to other places. >> the size is impressive. people may utilize a shopping mall. >> there's not that many people there. >> true. making headlines, steve mentioned yesterday, this is not a house financial service committee hearing. you can tell it's going to be
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well, well. a new high for the day. of 327 points. this is really on the back of larry kudlow and what he told us about china trade. he said this on our show earlier. rotate. >> if we don't get such a deal, and i think the president is bound and determined as he has shown us to defend america and the american economy and the american worker. the farmer, the technology person. that's a form of economic growth, too. we cannot give up, we cannot let any power, china or any other power steel our dreams.
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our plans, our creativity. >> true, but what really moved the market when larry kudlow set a china trade deal is closed. that moved the market. i think that what moved the market because that jobs report was absolutely spectacular. >> to seek that type of growth when analysts did not see that coming, it's an amazing story. one of the things that really set it off, he said workers, fair wages are rising higher than managers. he hadn't seen that since reagan. i think that something between the lines of what i thought was important. the tax cut recently, this economy is not working just for the 1% or the wealthy ceos. it's working for the worker, the average american we are seeing in the data. it's partly why he was speaking.
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>> the administration is going to restrict food stamps, probably will take 700,000 people off the foodstamp roles, making sure able-bodied people with no dependents can get out there in the world. it seems to me this is a good idea with a fully employed economy. you with me? >> completely. some are saying the trump administration, the grinch who stole christmas. the way you get food stamps is you have to be an able bodied american, you been working at least 20 hours a week for the last three months but certain areas can waive that work requirement if that area has an unemployment rate 40% higher than the national average but it's so low right now at three and a half%. they can completely waive that work requirement and it's crazy.
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so the administration is think we walked cap at 6%. if you're married, you can waive it. it doesn't affect women with g get, pregnant women, only able-bodied americans who can work but art. >> are going to play this, he was asked a strange question by a member of the squad on capitol hill this week. i just want you to listen. >> do you believe in socialism for corporation? >> drive believe in socialism? i do not believe in socialism were corporations. >> i think yours trying to say they are a socialite institution. >> maybe she met not socialism,
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price controls and control boa board. they took over oil refiners, seized property from churches, sent 11 million people or maybe it's the venezuelan version where they torqued on corporations in favor of co-ops or something wealthiest nation into a nation full of hunger. i'm not sure which version he's going for but americans should not settle for anything less that has done more than any other system. i hayton to see and i think it's ridiculous. >> thank you. thank you so much. we'll see you next week. giving tuesday, it broke a record, nearly $2 billion in donations.
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i think i was just on tuesday. >> i can't believe you've never heard of giving tuesday. >> honestly, i did not know that. $2 billion coming in. that seems pretty good to me. even though we are told reckoned are giving less to charity. >> the reason why this was a big d, people are giving online and they were ten years ago. this is obviously getting bigger but overall, there's a recent study that showed this. it's weight down. american giving his way down and interesting enough, they said it's a direct correlation to the fact that people are going to church less. it's a fascinating study. it reminds me of christmas time, and at that comes out, if your scripts say we don't need god to
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be good. you don't need god to be good well in this case, of course people who are not believers can be good because i believe we have a heart tethered to natural law that invokes us in us a desire to do good and avoid evil but going to church reminds us and strengthens that role to be good. >> speaker pelosi invokes her catholicism when she was asked about hating the president. role sauté. role that tape. >> i don't hayton anybody. >> i was raised in a way that was a heart full of love. i still praise the president. don't mess with me when it comes to words like that. >> your response is a practicing catholic.
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>> i love the fact she's invoking her belief in god to say it makes her a better person. she sing as a catholic, i've been taught never to hate anyone. jesus himself said love your enemy. excellent. the problem of course is thank you have to say i do what my faith teaches me and i received a huge amount of response from people saying how can she say that when she's also pushing abortion? >> doesn't it also mean she's invoking god as being on her side in the impeachment battle? >> i think you could jump to that conclusion, i wouldn't do it. she was specifically asked her what do you hate the president park she said no. i think that's fair. if you're going to say as a catholic, i do this, and you have to be consistent. >> we made you a tv start on this program as you know. now if you are a movie star because your irishman.
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we've got that clip. role it. >> all right, i we'll be back to visit very soon. probably after the christmas holiday. >> okay. >> god bless you. >> you, too. it's christmas? >> almost. >> the timing was excellent. you have presence. >> more interesting than that scene was on another scene when we were talking about the fact that he did not feel sorrow for his life of violence they allowed me to change the script to talk about what is it mean to be sorrowful? to be sorrowful when you don't feel it. i love the idea of saying i can
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make a decision, to detach it from the world of the evil i've done choose good and they allowed back. i give my hats off for wanting to find out what a sacred moment is all about. >> forget the movies, come on back. we'll see you soon. jonathan, thank you. next. facebook, add more office space in new york. proposed location, what they have their eye on. >> you probably recognize this historical building behind me, it is finally building. it's been used in the past, going through a huge renovation. that's a poster take place by the end of next year. our sources say facebook may leave enough space in this building, 700,000 square feet which is room for 14000 facebook employees in fact where we are being told. in addition, facebook actually
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has a new footprint as well. this is reassuring a lot of the real estate workers in the city we are very concerned after amazon changed its mind pulled out of long island even with $3 billion with tax incentives. no work that facebook has received any support for its potential plans here. one thing is certain, all businesses around here want facebook employees here. a lot of these at least make $100,000 a year. >> good story. thank you. bernie sanders, just unveiled a new plan. it sounds great until you look at the price tag. we will tell you how much it cost in a moment. impeachment hearings seems to be coming to a head. coming up, we cap an official impeachment vote may lead to
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house judiciary committee will have its next impeachment hearing on my bike next week. my next guest of the impeachment circus could mean another government shutdown. joining me now, barry. your case. how does this impeachment bring us to shutdown? >> the bonding for the government officially ran out in september and instead of dealing with it, nancy pelosi and the democrats passed a temporary spending measure that runs out of 14 days from today. no one is talking about how we will fund the government beyond december 20. there has to be some type of
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spending measure when nancy pelosi was talking yesterday, she talked about having more hearings to move forward with impeachment. adam schiff is talking about more investigations. nobody's talking about funding the government. we will be on the verge of christmas and yet the government will be on the verge of shutdown. if they pass an impeachment resolution before they deal with the continuing resolution or whatever they plan to do to get the government open, the impeachment resolution has to be taken up immediately by the senate and they practically can't take up anything else until they are done with the trial. so somebody better figure out how they will fund the government or we will go into the new hearing and shutdown it there will be a whole lot of people spending christmas wondering where their paycheck is coming from. >> i am astonished what we are seeing today. a very strong economy. moving straight into 2020. great economic straight. what we have from the house?
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impeachment and nothing happening. not even the u.s. mca. >> there's nothing to impeach about. it's gone on muck. the scenario is they are trying to impeach on something they have no effect on. only hearsay, this is my opinion. the equivalency is, this is the time everybody is waiting for packages. imagine if i got a call from my local sheriff's department as has our neighbor saw somebody taking a package from the front of my house and they arrested that person. it turns out that person was my son who happened to be driving by the house and took that package so i tell them look, there's no crime. my son was taking the package because i asked him to but the d.a. insisted on prosecuting my side. this is the same scenario. the president said there's no crime. no quid pro quo.
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there was no pressure. if the democrats are saying we don't want to hear the facts because we want to impeach. >> that was a good comparison. thank you for joining us. see you soon. >> bernie sanders has another plan. high-speed internet for all. >> $1,150,000,000,000 set to local and state agencies. he says it's under a plan called high-speed internet for all. high-speed internet should be available, readily accessible for those in rural areas and low income families. he sang the service providers should offer a basic plan that is affordable for all, what are that be. he was to break out the bag cable companies, he says they are monopoly and fair pricing out people. >> what can you do next? by the way, missus fields, there
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that's why xfinity has made taking your internet and tv with you a breeze. 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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and my side super soft? with the sleep number 360 smart bed you can both adjust your comfort with your sleep number setting. but can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. and snoring? no problem ....and done. and will it keep me in the holiday spirit? yes! with comfort and joy. so, you can really promise better sleep? not promise. prove.
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and now, save up to $500 on select sleep number 360 smart beds. only for a limited time. we do like success stories on this show. if you've been to a more small anywhere, it's odds are you've stopped to get a treat from one of my customers. a major one. major success story. he started in 1977? >> same praecipe they started in 1977. >> no change at all? >> no change, we are all natural ingredients. we'll butter, confectionery sugar, natural vanilla. best cookie on the market. >> you do know this is supposed to be helpful times. butter and sugar are supposed to be out. >> we are proud of who we are. we are not afraid to say we are
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the best cookie on the market. that is our nutcracker tower available right now. it is $174.99 for you -- just for you, if you want to buy that, 25% discount just for yo your. family, typing, he will get it 25% off. missus fields.com. 25% off just for your viewers, use the promo code family. we are big fans of your show and i want to say you are absolutely right about cyber monday. he made a prediction about cyber monday about one of the american businesses, we had a phenomenal cyber monday. wednesday was national cookie day. it's an important day for us. 40% growth for national cookie day.
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we are off to a great holiday season. >> you went up 40% on cookie day. which congressman did you get to say this is national cookie day? >> we've got a great team and we are on fire. >> right in front of me there's a dish. i'm going to pick one up. chocolate chip, are you going to admit how many calories? >> about 100 calories. >> that's not that bad. >> it's not bad at all. [laughter] >> i have sitting next to be a medical doctor. in a moment, he will talk about palatine. but right now he will talk about this cookie. 100 calories, that's not bad. >> that's pretty low, actually. if you have exercise to go along with it, it's all about having a balanced diet. i'm endorsing it but i want you to have it with your carrots and celery and salmon in the morning, storage. >> my daughter said bring that
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cookie appear to the 20th floor. >> we cracked open another one backstage and everyone came back and grabbed it. it was gone in 30 seconds. >> hold on, let's get to palatine. they may have put out a sexist add but do you think it's a good exercise? >> unbelievable. first of all, it makes you part of a community. it only takes up 4 feet. if you have that bike, you can have classes, you can have on demand. were not isolated, you can compete with others. i liked your take on it yesterday except you kowtow to the people who said maybe you shouldn't give us as a gift. guess what. social media out there, i will send you a bike. >> don't say that. >> are not going to sell it but
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maybe that anger and frustration, maybe all this anger would do well for cardiovascular exercise. it lowers your blood pressure, it lowers your cholesterol. it helps you lose weight and your mood improves. but i would say if you're going to buy a gift for someone, ask them what they want. don't necessarily get them a bike. maybe they want an elliptical or a treadmill. >> i've got three and a half minutes here. to improve my food, eat a chocolate chip cookie. >> and then get on a bike right after. >> we shared one backstage together. what a show. i'm telling you. >> then work out after. >> here we go, baby yoga. i thought we were done with this but were not. the creature has appeared on the internet the form of a raspberry pie. there it is.
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>> maybe we better return to the euro. i think our viewers would be annoyed if we did. i will leave you on this friday with the stock market, we are up 330-point. that's what i'm giving you. >> i appreciate it, we'll see if we can maintain this. have a great weekend. stocks are up on this report but is also make money out of bounds. meals arata three creek high here. the equity arena, not so much in the safe haven treasury arena. all because jobs are 266,000-dollar more in the month of november. unemployment rate kicking down to a 50 year low at three and a half%. hey, jackie. >> good afternoon. stocks are on fire today. the dow is up 332-point
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