maria: that will do it for us. have a great day. thank you for this fantastic panel. have a great day. "varney & company" begins right now. stu, take it away. stuart: good morning, maria. good morning, everyone. first thing i did very early today, check that market. what happens to our money today after the spectacular jobs report friday, and the huge market rally that followed. well, here's the answer. no pullback, no sell-off, no big reversal. we are still right at record highs. the dow will open down about 20. it was up over 300 on friday. the s&p, down maybe 3. the nasdaq down 12, maybe. what a contrast we've got here between the economic news and the political news. we'll get into that later. but right now, a minor loss for stocks at the opening bell.

it's going to be a very big week for politics and money. today, another impeachment hearing is being gavelled to order right now. there's talk of an impeachment vote by the end of the week. also today, the inspector general's report on what the fbi and doj were up to around the 2016 election. wednesday, the federal reserve holds forth on interest rates. after that jobs report, very few expect rate cuts. thursday, britain's general election. boris johnson, that's britain's donald trump, expected to beat socialist jeremy corbyn. and by sunday, we should find out if more tariffs are going to be imposed on china. any of those stories could move the market. then there's peloton. the young woman in the now famous ad has found new life advertising gin. personally, i think that exercise bike will be one of the holiday's biggest sellers. we shall see. get this. monday, december 9th. three weeks to the end of the

decade? "varney & company" is about to begin. stuart: the young lady in that now famous peloton ad has made good with a new gin commercial. kristina partsinevelos at the new york stock exchange. the controversy over the peloton ad has done her some good, it seems. reporter: well, yeah. let's find the positive in this, it helps the actress. who knows how much she got paid by ryan reynolds and his team to be in the aviation gin commercial. that's what you are referring to. there's been so much negative backlash about this commercial and when you really think about it, it's a man giving his wife an exercise bike, a $2,000 exercise bike for christmas, but the internet perceived it as here, honey, you're fat, here's an exercise bike for christmas, or the holidays. that's why you are seeing this aviation gin commercial, ryan reynolds hired the exact same actress in the commercial, they

actually say exercise bike not included, hash tag aviation gin. they call that commercial you are seeing on the screen right now the gift that doesn't give back because the holiday peloton ad that enraged everybody is called the gift that gives back. it's not only them that are mocking, you have "saturday night live" mocking the peloton ad which caused the husband in the peloton commercial to speak out, he spoke out with the daily mail. he's canadian, he's an elementary school teacher. he said he was asked if he had a peloton bike. he said of course, i can't afford one. the least they could do is send me one, especially given all the negative feedback he has been receiving. but we look at the share price of this, a lot of companies have gone through this, nike with colin ckaepernick, yet peloton stock has been down for the last several business days. they lost over $1 billion in valuation. the street has been weighing in as well.

but the -- one of the research notes i was reading came from oppenheimer. they said the rally you are seeing over the last little while, the stock has nothing to support it so why did it even rally like that. if anything, it's just coming off of those highs from black friday. overall, though, it seems like some people are negative. you have raymond james analyst saying he doesn't think the ad will affect sales. but it's more the feedback from everybody online. 73% of online media posts right now are negative regarding this peloton ad. will we move on or will we buy a peloton? stuart: oh, i think it will be one of the holiday season's best sellers. reporter: exactly. we keep talking about it. it seems to anger people and they question like i don't care, i do care -- stuart: it doesn't anger that many people. it just puts the ad on full display. people watch it and it's a pretty good product. i think it's a big winner this holiday season. i'm prepared to accept that i might be wrong but i don't think i am. reporter: i will come back with you in january with the numbers and let you know.

stuart: i hope they tell us. thanks very much. we will see more of you later on today. got it. thanks very much. it is monday. first trading day after the stellar jobs report and the big stock rally. jack hough, barron's guy, with us now. i just feel that it wants to go up some more. you with me on this? >> i'm going to let your viewers in on a secret of how to be a great stock market forecaster here in the u.s. in the long term, you always guess up because that's what the market does. in the short term, you also always guess up because it doesn't always work out, but there's no reliable way to predict the short term direction of the stock market and it goes up more than it goes down. about two-thirds of the time you will look like a genius. i'm guessing up. next year we will return to earnings growth. this year we will have a 25% gain on what looks like maybe a 1% gain for earnings, which looks like maybe the market's overextended but i just think investors look ahead and see a return to earnings growth, stock prices don't look crazy relative to other asset classes. i see room for more gain.

stuart: i have been out and about over the weekend and i see a very active consumer, buying, drinking, eating in restaurants, out and about. i mean, this is prosperity. you can feel it. >> are they buying more pelotons or gin? i saw your earlier segment. what's going to be the better seller? stuart: gin is a good product. >> i agree. the consumer is very strong right here. i poked around, new york city isn't quite where you take the temperature of the rest of the country but retail sales right now, any stores out there, any store chains where you see their stock struggling, it's not because of the consumer. the consumer right now is quite strong and confident. stuart: i don't see impeachment as a negative. i don't see the inspector general's report as a negative. i don't see the federal reserve's meeting as a negative unless they surprise us all. the only possible dark cloud is the tariffs on china products come sunday. the only possible negative. >> the way that would become a negative is if you had a total breakdown in talks that ended with some sort of heinous name

calling where people thought now we will see a serious escalation. as long as you see the status quo or anything, if people punt and discussions are going to continue, i think that's okay as a backdrop for the market. stuart: got to give you kudos, because you have consistently said throughout the year this market wants to go up and has gone up. you have been right. >> always guess up. you look like a genius two-thirds of the time. ashley: you are a genius. stuart: three weeks to the end of the decade, we have a rally on our hands. i think it will keep going. thanks very much indeed. now, i've got a stunner buried in obscure government statistics. in september, for the first time ever, the u.s. exported more oil and petroleum products than we imported. that's energy independence. ashley: that is. i did a deep dive. i really dug deep on this one. since 1973, when they began keeping records, we have not seen the u.s. exported 89,000 barrels more than it took in, but there's a caveat to all of this. the u.s. is still not a negative exporter of crude. it still imports more than it

exports. the numbers we are talking about is crude petroleum products such as jet fuel, motor gasoline and all of that. you throw that in and the u.s. is a net exporter. for instance, in 2009, the average crude production in this country was 5.3 million barrels per day. it now stands at 12.1 million barrels per day. a remarkable uptick, thanks to fracking and all the other things. you know, listen, the biggest import -- we take 60% of our crude comes into the united states from mexico and canada. stuart: just think what a difference that makes to geopolitics. ashley: huge. stuart: if we don't have to buy oil from people who hate us, that makes a significant difference. a real difference. ashley: absolutely. susan: imagine if you get to supply other countries as well, because half of the growth in oil and gas up until 2025 will come from the u.s. all growth of energy products. stuart: that gives you influence. susan: it absolutely does. stuart: if they want -- it gives you power.

i thought that was a stunner. ashley: yeah, it is. stuart: now this story for you. beijing ordering state offices to replace foreign computer hardware and software. that apparently, this is a "financial times" report, that could affect microsoft, microsoft is down just, what, nearly a buck this morning in the early going. canopy growth named the constellation guy's ceo -- it's the marijuana company. constellation is the booze company. canopy up 4% on that news this morning. goldman sachs downgraded macy's to a sell. they had been at neutral. now they say sell that thing. the stock is down another 2%. jack, that stock was at 70 at some point. now it's -- >> within the past five years. now it's 15 bucks. if you are tempted to bottom fish, do not. we have a story about it this past week. there is still some pretty deep challenges there. stuart: got it. look at the futures market.

we will open this market in 20 minutes' time. we will be down but very marginal loss. dow is down maybe 20 or 30, nasdaq down maybe 13. we have news on the elon musk cyber-truck for you. we will ask the oak ridge boys, country music band, yeah, would they ever write a song about this pickup truck, the electric pickup truck. good question to ask. they are on the show in just moments, believe me, right here. new study says four out of five of us feel the same or better about our finances than we did a year ago. millenials are feeling optimistic, too. how's that for some holiday cheer? full details coming up in the next hour. we've got it for you. sad news to report. paul volker --

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boys. it's a holiday song. they are usually right about pickup trucks. this is my way of introducing the oak ridge boys, talking about pickup trucks and country music in a new christmas album. i have a question for you, joe. joe, i think we've got the video here. elon musk riding around over the weekend in his electric truck. i don't have the video right now. he was riding around. would you guys ever write a song about an electric truck? start with you. >> it would be hard i think to come up with the proper lyrics for that truck, to be honest. it's pretty cool-looking. stuart: you think? >> we were talking off-screen, you and i both drive a ford f-150. i don't think i would trade that in for that thing. i don't know. stuart: how about the rest of you gentlemen? would any of you here pick up an electric pickup truck? >> i don't know. it looks pretty cool to me. looks like spacey but i'm not sure, says it will go 500 miles without charging. that's kind of interesting. stuart: would you ever write a

song about it? >> you know, you still have to charge it. where does the power come to charge it? still comes from fossil fuel. stuart: that's true. >> so it's defeating the whole purpose, as far as i'm concerned. stuart: i hear the depth of your voice right there. i'm not joking now, but is it true that if you play country music backwards, you get your wife back, you get your dog back and you get your car back? do you? >> it's been rumored around nashville for years that that's the case but i don't think that it is, stuart. stuart: whatever you say. >> i don't think that it is. stuart: didn't you used to drive a delorean? >> yes, sir. that's probably why this truck appeals to me just a little bit. but i had a delorean and one time, the gull doors came down, i was in my garage. i started it up and started to come out and said i forgot something. i went to get out and i couldn't.

i'm a little claustrophobic. there was a window this big on each side, if you remember. i couldn't get out of the thing. it scared me to death. man, i was panicking. it finally opened up. i sold it the next day. stuart: i know how to identify you because you've got the beard. how many years have you been doing this? >> how many years have i been doing -- stuart: country music. the band. oak ridge boys. >> i joined in 1965. when i first joined. stuart: how many christmas albums have you put out since then? >> this is our eighth album. our eighth christmas album and our 30th year of christmas tours. stuart: will you ever stop? >> i don't think so. >> god will tell us when to stop, stuart. we don't know how, we are out there right now. our down home christmas tour is playing 31 cities. we have 11 shows left before we go home. and we've got this new down home christmas cd that's really a pretty cool piece of work, with

great producer dave cobb in nashville producing it. great new songs written by some of nashville's hit-making songwriters, and it's a very unique project. we are excited about it. stuart: it's a cd? an actual cd? >> well, it comes in an actual cd but you can also actually download it. stuart: i thought so. i thought those things were gone a long time ago. >> they are still at cracker barrel. how's that stock doing, stuart? stuart: i have not checked the stock but cracker barrel's most active day is thanksgiving day. did you know that? we had them on the show on thanksgiving. >> i did know that. in fact, a couple years ago, all of our family was gone on thanksgiving and we ate at cracker barrel and it was good. it was really good. stuart: oak ridge boys. we will download this christmas album, we will maybe play some of it before christmas. gentlemen, thanks for coming on the show. >> always an honor. you do a great job. stuart: thank you. appreciate it. okay. amazon's jeff bezos got a warning for big tech companies. we will tell you what that warning is in just a moment. disney on a roll at the box

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stuart: amazon's chief jeff bezos, he's got a big warning for tech companies who turn their back on the pentagon. tell me. susan: fresh off losing the $10 billion jedi contract with the pentagon, i would say bezos still sounded upbeat. take a listen. >> big tech is going to turn their backs on the department of defense, this country is in trouble. that just can't happen. so we have to, if the senior leadership team says to people look, i understand these are emotional issues. that's okay. we don't have to agree on everything. but this is how we're going to do it. we are going to support the department of defense. this country is important. susan: that's right. there you go. i guess this is more of a

message towards google, whose employees last year rallied and demonstrated the fact that google is helping the pentagon with this drone surveillance program. google of course ended that project in march of this year, but google should learn a few things from bezos and amazon, despite losing that $10 billion contract, which they say was biased, by the way, they are still going to work with the department of defense. stuart: i want to bring in jeremy owens, market watcher on this, technology editor for market watch. jeremy, he seemed to be taking aim at google, what some google employees have said, we ain't working with the pentagon. bezos is taking aim at them, it seems like. >> sure. amazon and google compete in a lot of things. but he's also speaking kind of the truth. look, a lot of tech wouldn't exist if it wasn't for the department of defense, right? and i think google would have to admit this as well. the internet exists because the department of defense funded it. why do you go against them now? and obviously, he's speaking out

but he faces recrimination now from his own employees as google faced it from their employees. if he has employees that don't want to work for defense, now what? stuart: isn't he saying big tech is the crown jewels of the economy, and if you don't shape up and become a good american company, you are going to face very nasty regulation down the road? he's fending off future regulation in a way, isn't he? >> a little bit. he's also putting his stake in the ground, right. as a ceo, you have to satisfy shareholders, customers, and employees. and he's putting his stake in the ground saying department of defense is a customer, and we are here for you, and shareholders know they pay -- they can pay us a lot of money so i'm there for them. what happens to the employees who do not want to work for the department of defense and are saying if i wanted to, i could have joined the army. stuart: 30 seconds. i don't think there's going to be any regulation down the road which changes the business model of american big tech companies. what do you say? >> i think the california data

privacy act is coming into effect on january, and we are going to see what effect that has on these tech companies, and they are already, there are bills in the senate and house looking to do the same thing nationwide. we will see what the california rule does and if it changes how big tech acts. either way, i think we will see something federally. stuart: we shall see. jeremy owen, thanks very much for joining us as always. see you again soon. thanks. check that market. it's monday morning. that's the first trading day after big friday's rally. we are going to be down a mere 20 points. that's all. and that's for the dow industrials, down 3 and the s&p, 12 for the nasdaq. we will take you to the opening of the market after this. ♪ ♪

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stuart: disney has a new trailer for the live action version of the hit animated movie "mulan." that's renewed calls for a boycott of the film. what's wrong with the trailer? susan: the lead actress recently tweeted her support for hong kong police against the hong kong protesters, so she's facing a lot of backlash on social media from hong kong demonstrators. however, you know, we know china's the largest movie market in the world so it may play to chinese audiences which might do well at the box office. stuart: where does this actress live? susan: i think she's american,

actually. stuart: is she? susan: yes. that's right. stuart: pro beijing? susan: that's correct. might be a money move. stuart: yes. more on disney in a moment. right now we are looking at the opening of the stock market this monday morning. boom, here we go. 9:30 eastern, we are off and running. you have to wait until these stocks have opened and they have. we are down 50. that's where we are right now. we dropped below the 28,000 level. we had a big rally on friday, a very very modest pullback this monday morning. the s&p 500, where is that? it is down a tiny fraction, about the same percentage loss as the dow. the nasdaq composite, show me that one, please. that is down a tiny, tiny fraction, which implies technology's okay this monday morning. i've got to check it. peloton. i think peloton's going to be one of the big success stories for this christmas season. the stock is up this morning,

nearly 2%. you may be tired of hearing about peloton but i'm not because i think the thing's going up. joining us this morning, jeff sica, susan li, ashley webster. jeff, come o you know what's coming. you going to pour cold water on this year end, decade ending rally? >> no. i'm in the christmas spirit. i will tell you, nothing is going to happen on december 15th with tariffs. i think they are going to delay it. i think the market will rally. if you are going to ask me am i going to pour cold water on first quarter 2020, the answer to that question is yes. that's when we are going to get hit with all these head winds and that's when things are going to get difficult. stuart: that was an honest answer. no cold water on the year end rally. some cold water on the first quarter of next year. >> ignorance is bliss. stuart: don't say that. >> listen, you know what, as long as we keep trade off the

table, and we have this dialogue around trade, the markets will rally. the minute, if the trade deal falls apart which i anticipate it will, that's when people are going to use that as an excuse. stuart: that's some forecast you got going there. >> i don't think we are going to get the trade deal we anticipate. stuart: got to move on. hold on. got to move on. got to take a look at apple. it is a dow component. the news here is those airpods are reportedly flying off the shelves. at $249 for a pair of these things. you've got them with you? susan: might be itching for a christmas present. i get it. here is the base model of $150. that's where it starts. here's the noise-canceling one at $249. these are flying off the shelves, as you heard. also the nikkei news reported they have instructed their chinese manufacturer to double production. that's why analysts have raised their expectations for wearables, revenue and sales heading into the next earnings, up to close to 9.4 billion. can you imagine -- stuart: what?

9.4 billion in sales in those airpods? susan: not just in these, the entire wearables, which also includes the watch as well. stuart: nine billion. susan: for the full year, that's close to $45 billion in sales for airpods, which some say are just glamorous earpieces, and watches. stuart: look at that stock chart. the thing's at $270 per share. we have had people on the show saying it's going to $300. susan: at least. stuart: the airpods are selling well. got to say it. >> they are selling well because leave it to apple, and i hardly compliment them but i will compliment them for making a very expensive product that's tiny and people lose them. i lost mine. now i have to go buy the $250 ones. stuart: look, it just turned around. apple opened slightly lower, went slightly higher. i will be quiet. the big board, back to the dow industrials, shows a 48, 49 point loss as we speak. first thing monday morning. beijing orders state offices in china to replace foreign

computer hardware and software. that could hit stocks like microsoft. i own a thin sliver of it. this is a report in the "financial times." got it right here. microsoft is down a tiny fraction on this. the share price of california utility pg & e jumped after settling with wildfire victims for $13.5 billion. the stock this morning is up 17%. pg & e. t-mobile/sprint, they are heading to court to defend their merger. this is a long-running story. i've lost track. dow component coca-cola celebrating 100th anniversary of listing as a public company. it's still there. $54 a share, down a tiny fraction. now, here's the indicator that i like to watch. that's the ten-year treasury yield. 1.82%. that's -- not quite sure how to characterize that. it's not a sign of weakness in the economy. that's for sure. price of gold, i'm sure that's still way below $1500. up a couple bucks.

the price of oil this morning, i think is $58 a barrel, down a tiny fraction. we don't have that much movement on the markets first thing today. merger monday. two big drug makers. first of all, merck buying the cancer drug maker. france's sanofi buying a u.s. firm. dr. marc siegel is with us this morning because this is all about cancer drugs. huge mergers. does that imply we are making real progress with cancer treatment? >> no question about it. this is a very exciting time for cancer treatment. we are talking about precision therapy, where basically we have drugs and tools we didn't have before. arqule has a drug that's a kinase inhibitor. that's a protein that does something called signaling. signaling is very hot now in cancer treatment. what does it mean? a malignant cell signals all the proteins in the cell grow, grow,

grow, and that's how cancer grows. but we have more and more selective ways of stopping that. so that's a kinase inhibitor. arqule has one. that's a very very promising drug. that's one of the reasons merck is getting into this and spending over $2 billion to acquire this. stuart: in terms of treatment for cancer, we are really moving quickly down that road? >> yes. this is in lymphoma, leukemia, blood cancers, huge improvements and steps forward. these are selective treatments. same thing with sanofi. there's a drug called thor-707. it causes your immune system to rev up and fight the cancer. very dramatic. that's why they are going after synthorx. stuart: hope springs eternal. it's a good thing. appreciate that. audience numbers for the irishman on netflix have been released. not as good as last year's bird box. ashley: no.

it came in at 13.16 million. bird box had 16.9 million viewers. but there's a few things you need to note here. nielsen only looks at television sets. they don't account for the movie being streamed on other devices like computers or tablets. also interestingly, nielsen did find a total of 17 million unique viewers who watched part of the irishman but didn't finish it. by the way, there's another number on the screen, 8.2 million for el camino, the "breaking bad" movie that came in way behind. susan: the demographic was interesting. nielsen reported that men between the ages of 50 and 64 represented 20% of the audience. so it's more of a nostalgia, pacino, pesci -- stuart: are you saying it's an older guy's movie? susan: the demographic leans that way. stuart: just say it. >> old italian guys.

all of us italians were waiting for this forever and we all watched it, read the book and we are the ones in that -- stuart: you are really limiting the demographic with older italian men. >> there's a lot of us out there that need to be spoken to. stuart: in new jersey. >> especially in new jersey. stuart: let's look at disney. this is extraordinary. what a performance. they have taken in $10 billion in movie ticket sales worldwide this year. by the way, the "star wars" movie doesn't come out until weeks week. susan: also, don't forget the sequel to "frozen" nearing $1 billion at the box office. on sunday, "star wars" will also be big as well, disney is close to clearing $10 billion. that's three and a quarter in the u.s. and double that internationally. they basically own about 50% of the box office if you include

the fox properties they purchased as well. can you imagine the value add-on when these could hit the streaming box on disney tv plus? it's just a gift that keeps on giving. this is what we call recurring revenue, money that keeps coming in, especially with these big hits they keep churning out. i think it's a big money story. stuart: you did that for me, didn't you? recurring revenue. you explained it. money that keeps coming in. you did that just for me. because i like clarity. >> it's true. it's because they are always the top of the box office and then they can take those properties and turn them into shows for streaming. they own the market. i would say the competitors now need to be more nervous than ever. i anticipate they might have as many as ten billion dollar films next year. stuart: really? >> they have five this year. they have five billion dollar films this year and they have a lot in the pipeline next year. i think next year could be another record -- ashley: an embarrassment of riches. stuart: what a stock. what a stock. what a company.

bob iger is one extraordinary ceo. there you have it. 9:40 almost. that means jeff, time's up. you were good today. >> for a change. stuart: we are coming towards the end of the decade and you were okay. check that big board. we are down a tiny fraction. that's all. big rally friday, coming down 20 points. that's all you got right now. look at ford. a group of ford workers sending a warning about the safety of a couple of their models. they say they wouldn't let loved ones ride in them. details coming up. the stock's at nine bucks a share. oil exported -- the u.s. exported more oil than we imported for the first time ever. that was in september. i have wyoming senator john barrasso talking about america's energy independence and it is a fact, it is real. he's on the shown in the 11:00 hour. we have the ceo of build-a-bear workshop. it's been a rough year for that company. can they turn things around? we will deal with that in just a moment. each day our planet awakens with signs of opportunity.

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because your investments deserve the full story. t. rowe price. invest with confidence. stuart: virgin galactic holdings on your screen right now, up 12%. morgan stanley upgraded the stock and up it goes. 12% higher. virgin galactic holdings. here we go. t-mobile and sprint are heading to court to defend their merger. president trump had already approved this merger earlier this year. come in, deirdre bolton. you've got 38 seconds to explain to me why i should care. deirdre: fabulous. this is an unprecedented case. you can see this federal court behind me. you said it, the doj and ftc already approved this $26 billion merger. normally that's the last step, that's all she wrote. what is different about this

situation is that 13 attorneys general plus d.c., led by democratic states like particularly by california and new york, are challenging that today in this court. that's why there is so much buzz about this. i spoke with one analyst from lightshed partners who is saying honestly that these ags want to become the new beat cops on the ftc and doj and are questioning their competence. heavy political overtones. right now, t-mobile and sprint are of course arguing they need this merger to go through so that they can compete against the likes of at & t and verizon, each of which have about 100 million subscribers. sprint has about 60 million, t-mobile has 40 million so they are arguing that they need that scale to compete. the flipside of that, as economists point out, all consolidation usually means fewer jobs, higher prices. stuart: i think i got it. thank you very much indeed. okay. it's been a rough 12 months for

build-a-bear workshop down, what, 40% since last december. in the third quarter, build-a-bear lost nearly $6 million. it's expected to close 30 stores. the lady who briefly appeared on the screen there moments ago is sharon pricejean. welcome back to the program. good to see you. that report was not great. 30 store closings, $6 million loss. i thought that build-a-bear was going to come back because you offered an experience. is that not working right? >> oh, no. build-a-bear does offer an experience. it's one of the things we believe is, one, it's clearly a core competence of ours but it's also a point of difference for us, and we believe that it's one of the things that has allowed us to create a really robust strategy, we believe, to

diversify the entire corporation in terms of not just being retail-based although that is an important part of what we do is providing that opportunity for a child or anyone to make a furry friend and create that emotional connection, but transitioning that emotional connection into entertainment and other types of -- stuart: is it working, sharon? if you are thinking about closing 30 stores, you have lost some money, the stock's come all the way down to barely $3 a share, you have to ask, i have to ask, is your strategy working? >> well, i think that's a fair question, but i also think you have to look at it from a more, you know, longer term perspective. first, in the quarter, the third quarter is our smallest quarter and we generally do lose money in that third quarter. we did improve the loss significantly, though, when you look at the business and actually improved the revenue line, and on a go forward basis, we did revise the guidance

slightly on the top line, but we did hold the pre-tax line for the quarter -- excuse me, for the year. so when you look out into 2020, at all of these valued relationships that we have been creating and the rebuilding of infrastructure, which is inclusive of e-commerce, for example, we have been eight consecutive quarters in a double digit range on e-commerce and actually project to see our ninth quarter of double digit growth in e-commerce plus we have relationships with disney, disney is an important relationship with us when it comes to licensed products but also with sony on the building of our own intellectual properties and to do entertainment areas and diversification into new types of revenue locations like walmart. stuart: okay. look, sharon, i'm sorry, i've got a limited amount of time here, but are you going to assure us that this time next year, you will still be here? >> well, i will say that

build-a-bear, unlike a lot of other retailers in the sector that we trade has a strong balance sheet and no debt, and a clear strategy with a brand that has transferrable value into different areas, and i do just want to clarify, we didn't necessarily say we are closing certainly up to 30 stores, and we actually had the same number of stores that we had in the quarter. we closed the same number that we opened. it's a matter of transitioning into places where families go for fun and entertainment. stuart: maybe you should think of a baby yoda bear. just a joke. just a joke. just a joke. >> no, it's not a joke. it's an excellent idea. we will immediately start working on that. look, it's great to have a good relationship with disney. stuart: come and see us again real soon, okay? love to see you again. thank you. >> absolutely. thank you. stuart: okay. check that market. now we're down just, what, 17 points on the dow, but we have turned up for the nasdaq, 19 points higher. we have turned up for the s&p,

but just. so mixed market, moving higher in the broader marketplace. how about this. this is a shock this morning. deadly volcanic eruption in new zealand. actually, it's an island -- ashley: unfortunately, when it erupted in steam and ash, there were quite a few tourists right around the rim, and as a result of that, already five people confirmed dead and many more missing. some of those managed to survive but have severe burns. we understand now that some of those tourists came from a cruise ship, the royal caribbean international cruise ship "ovation of the seas" and this was one of those outings offered by the cruise ship. unfortunately, they were in the wrong place at the wrong time. there were some warnings that activity was picking up with this volcano but they did not expect this to happen. the sad thing is they can't get in to try and rescue right now because the situation is still very unstable. but a massive plume as you can

see of steam, incredibly high temperature and ash erupting just as tourists were on the rim. stuart: a lot of people don't realize that new zealand is a volcanic area. ashley: oh, yeah. very active. stuart: i remember the first time i visited, because my son lives there. i got off the plane, he said dad, you want to see something unusual, off we went into the woods and we got some swimsuit on and he took me to this river and it was a hot volcanic river. full-scale river, three or four feet deep and the water was hot. volcanic stuff. really something else. now it's erupting on that island. back to your money. the market shows a mere 16 point loss for the dow. s&p and nasdaq both higher. portland, oregon wants private property owners to add mandatory rest spaces for the homeless. can they enforce that? can the law say you've got to do

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stuart: portland, oregon wants private property owners to add mandatory rest spaces for the homeless. can they do that? all rise, judge andrew

napolitano is going to tell us. private property -- >> short answer is no. the government would have to pay for it. look, there's three definitions of private property. the right to alienate, that is to sell, the right to use to its highest and best use. here's my favorite. the right to exclude. if you can't exclude people from your property, then it's not yours. if the government can say you must put homeless people on your property, can the government do that in america? yes. if it pays you for it. because it can take the property permanently or temporarily, unfortunately, but the constitution permits the taking. but it requires paying the fair market value. stuart: do you happen to know whether or not in portland, oregon -- >> the constitution even applies? stuart: that should have been my question. it wasn't. >> jumped the gun here. stuart: are the developers going to be paid by the city to take the homeless? >> absolutely not. stuart: they're not? >> until a federal judge intercedes and says to the city

you can't do this. read the fifth amendment. you want to take property for public use, you can take it, but you must pay the fair market value for it. i have never really heard of anything like this. this will drive small businesses out of a very fine city if the city government forces this. stuart: but they can't force it. >> i think it will be enjoined. it's not law yet. i think it will be enjoined. the minute it becomes law and they try to enforce it, could you imagine stepping over people as you're entering a bookstore or restaurant? who would want to do that? stuart: no. i can't imagine that at all, nor can you. >> got that right. stuart: we are on the same page, judge. >> for a change. stuart: thanks, judge. see you soon. all right. here we go. the less i care about baby yoda, the more people are talking about it. >> you love this. stuart: i do not. we have a guest who says it is a cultural phenomenon. i remain utterly unconvinced. we've got it on the show. signs of prosperity

everywhere. new study says four in five of us feel the same or better about our finances than we did a year ago. what a contrast. the second hour of "varney" is about to begin. it's the next one. you always drive this slow? how did you make someone i love? that must be why you're always so late. i do not speed. ... od drivers save 40% for avoiding mayhem, like me. this is my son's favorite color, you should try it. [mayhem] you always drive like an old lady? [tina] you're an old lady. ugh, another electronic signature. you have to print, walk, sign, scan, recycle, walk, email yourself... really? more walking, try again, waiting, recycle, walk, email yourself, then get back to your day. or not.

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i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better. stuart: i was out and about over the weekend shopping in crowded stores watching the amazon boxes pileup, trying to get a seat at the bar to watch man city and then the 49ers and the saints packed everywhere, absolutely packed. there's a hustle and a bustle to prosperity. you can feel it and you can see the money flowing, and for me this looks and feels like the most dynamic holiday season in a very long time. and then you come to work early on a monday morning and what are you staring at? impeachment. yes, there is another effort today, to take president trump out of the oval office. 11 months to the presidential election and the democrats are

trying to get him out before we get the chance to vote. speaker pelosi declares civilization as we know it is at stake. what a contrast. we follow money and politics. what a contrast. your money is doing as well as its ever done. the economy is booming. the stock market has hit more than 100 new highs during this presidency and yet, despite this , despite this, trump's economic bonanza, the democrats want to end the trump presidency and replace it next year with a socialistic. i think speaker pelosi has made a very big political mistake. she bowed to the far left when she launched impeachment. now, those democrats who vote for it have to go back and explain why prosperity should be reversed. is this really what voters want? as they enjoy trump prosperity, why kick out donald trump? big mistake. the contrast is just too obvious the left should get out more, and feel the excitement of a

robust dynamic economy, prosperity is fun. impeachment is a destructive grinch. in my opinion. [laughter] the second hour of "varney" & company is about to begin. well, you heard what i've got to say what a contrast what a contrast let's see if charles hurt is with me and he usually is and is usually smiling and charles what a contrast. right? >> i love your advice, they really do need to get out more. it's like they sort of they are in a caccoon of misery and they refuse to look around and see and of course it's not just in big cities. you go out into rural america and you see that same sort of enthusiasm and energy and optimism that we haven't seen in a very long time and this, even as president trump is taking on

some of the biggest challenges such as facing off with china, and redoing other trade deals all of these things you'd think would just tank an economy but it's coming, it's booming despite all of that and here is the thing that really bothers me , stuart, is when you stop and think about this, i think a big reason why democrats are pursuing this impeachment thing so much is because they do realize at some level that the economy is booming and that americans are winning and stop and think about that. if that's why they're pursuing this they are really rooting for failure. they would rather have america fail and do poorly than lose an election, and when you have politicians like that in washington, that's pretty dangerous and a pretty sad situation. stuart: i just can't wait for one year from now to see the faces on the left when president trump starts his second term,

but i'm just being kind of sarcastic here. charles would you just say there for a second i have a question about immigration for you in just a moment and the deal with what's going on with money. we're down a mere 20 points for the dow industrial, 27, 900 that's just a couple hundred points away from the all-time record high and we've got strong moves up for the s&p and the nasdac as well today. take a look at nike. that stock is up 30% this calendar year; however, there's another shoe company that could be doing just as well. this is according to barrons by the way, christina partsinevelos , which shoe company is going to do better than nike? >> sketchers. well we talk about year-to-date the stock has been up 73% as of today, so definitely thrown out of the ballpark this is a shoe brand that's been around for 20 years according to that one article, he talks about the potential, the fact that the upside revenue expected to climb 11%, you have a lot of strength overseas, the fact that they are planning to grow, open new

stores, improve their online sales, and especially if you look at the price to earnings ratio that really just looks at the prospects for the future of this stock it's only trading at 16 times earning versus nike, that is at 30 times lululemon, 53 times so still there's growth and talk about what the street is saying i was reading analyst reports you've got ubs is saying it really does well with middle income moms so it's a cool value brand and wedbush has an out performed rating and expects sketchers to go up $38 but the negatives, morgan stanley says the margins on each shoes they aren't making as much as they used to, it peaked back in 2015 and another wrote that came out recently from cfra has a sell in the stock that says we're not estimating properly the impact of tariffs on the brand but nonetheless seeing shares up, they were up before i went live but relatively flat at the moment at $39.72.

stuart: sketchers, who knew. >> exactly. stuart: we'll be back to you later, thank you. now we have some ford workers telling the detroit free press that they knew about mechanical problems with the fiesta and the focus. i want to bring in jeff flock on this because are those two model s the focus and the class action lawsuit? reporter: yes they are a part of the class action lawsuit. the transmissions were the problem apparently, stuart and just to point out both of these vehicles have been canceled by ford but we're talking about older vehicles and this has been an ongoing problem and ford admitted yeah, there were problems with the transmission it was called the dps dual clutch power shift transmission and it was in ford focus and ford fiesta models of small cars , and its sort of shifted even though it was an automatic it shifted a little bit like a manual transmission that felt that way a lot of people had problems adjusting to it and there were mechanical problems which ford at midded but the detroit free press talked to workers who said ford knew about

this before it even launched. one guy told the paper, "my hands are dirty. i feel horrible. " he was one of the engineers on the project and to be fair to ford, they say and they gave us a long statement which i have here, and i'll just read the last part because that's the most salient. while we've addressed the quality problems with the transmission the vehicles in which it was installed were and remain safe. they say it's not a safety issue 50 injuries have been reported associated with it but ford says not a safety issue, and in fact a recall has not been issued so it's more of a problem financially for ford. $3 billion its cost the company already, fixing these defective transmissions. stuart: oh, boy, 3 billion. ouch, yes indeed. ouch. that's why the stock hovers around $9 and doesn't do very much. jeff thanks very much indeed. reporter: sure. stuart: switching gears, six months of declines in a row, i believe, but boy the apprehension, this is

preliminary data. come on back in, charles. that is, surely that is another win for trump isn't it? >> oh, absolutely, and you know you talk about the ways that donald trump stripped a lot of democratic voters away from democrats in some of those midwestern states. this was the biggest issue and obviously this is the biggest issue i would argue for the entire campaign and think about how he did it. how did he do it? he went to mexico and he went to central american countries and he said listen, if you don't do something about this flow of illegals into our country we're going to cripple your economies, and what do they do? they, along with dhs, have stepped up and we're talking border crossings down, 70%, and so not only did donald trump build the wall an invisible wall , he made mexico and central america pay for it. these countries have done more to help the u.s. stem this problem than congress has, and

that's a pretty significant victory for president trump. stuart: along with energy independence, prosperity, immigration control, pretty good stuff i would say. charles thanks very much for being with us this monday. merry christmas to you if we don't see you for the holidays. >> merry christmas to you. stuart: you got it. alexandria ocasio-cortez taking heat for taking a victory lap after amazon said it was bringing 1,500 jobs to new york. our media watcher is here to talk about that and to our display, listen to this, our guest says baby yoda is driving screen time among kids. we'll break it down for you. the call of duty, mobile game has 172 million downloads and those downloads were free. is this the future of gaming? more "varney" after this. >> ♪ seems like yesterday is not far away, this is where i

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stuart: after friday's big rally no big sell-off or pullback, we're down just 26.3 points on the dow industrials, 27, 991. news on netflix for you. their original movie, "marriage story" leaving the golden globe nominations that's news to me. six nominations. ashley: you know, i have not seen it but i know others who have that says that it's pretty intense. stuart: is this hearsay evidence ashley: no. anyway, the story yes has got more nominations than the irish man, picked up five, world war one thriller 1917, all picking up nominations, but the

marriage story it's a tear jerking netflix divorce film, so it may not be for anniversaries, has got a lot of people in it. stuart: so much stuff there i just don't understand. don't know about it but i'm glad you know all about it. ashley: six nominations. it's good. stuart: that's good. ashley: if you want to watch that. stuart: but not on your anniversary. researchers from uc san diego and yale, they got a simple way for you to stay healthy. stay off social media. well i should be really healthy then. >> specifically and mentally as well, so researchers this is a two-year all encompassing study and what they found is that most people spent about an hour a day on facebook and you shouldn't do that because it's a direct correlation that the most facebook use in a year predicts a decline in mental health in a later year, and you know, the actual physical studies show that if you i guess broaden out

your social circles it helps your health in the future. they wanted to see if that actually works in the virtual world in the social media world it doesn't actually. stuart: i don't think we yet used to social media. i think that we've incorporated it fully into the culture and i don't think that we understand the impact on youngsters who spend seven, eight, nine hours either playing games or on social media. i don't quite understand the impact of that in later years. >> i agree. stuart: no study is going to tell you. >> it's also fear of missing out because a lot of people think that when you go on social media everyone has a fantastic life, they are traveling the world and just happy as a cat. stuart: happy as cats? i didn't know house cats were happy but we have a story that's related. here we go. we often talk about the wild popularity of call of duty. wildly popular. well its gone mobile to the tune of 172 million downloads in two months, and those were free

downloads by the way. john is back and knows all about this stuff with gamer world news it seems to me that this is a new aspect to gaming. if you download for free 172 million of these call of duty on mobile that's a whole new thing isn't it? >> yeah it's pretty insane. i think the success of this game was very unexpected, and to give you a number i thought was even more impressive in the very first week this game actually got 100 million downloads alone. that makes call of duty mobile the most successful first week mobile gaming launch in the history of gaming. and it was successful for a lot of different reasons. first of all this is a call of duty game which is always very popular. it's battle royale and we know from games like apex legends and fortnite that genre is here to stay and also when it comes down to development they made this game specifically for ios and mobile which gives a huge global reach. stuart: wait a second. would you play on this? would you actually play call of duty, a complicated video game

on a phone? can you do that? >> well apparently people will because as you mentioned this is 172 million downloads, and it turns out i was watching some of these videos of these popular streamers playing this online and it takes a little bit of getting used to but it ends up being a very fun and smooth experience. stuart: what they are hoping for is you watch it on your phone, play it on your phone it's not easy to play on your phone so go out and spend the money to download it to your console that's the name of the game isn't it? >> for any other game if you asked me this question probably yes they are using the mobile game to serve as a revenue generator to get people to buy the premium game like call of duty modern warfare and in this case, so honestly it does not need the additional advertisement. that game made $600 million within the first three days. stuart: what game do you play? >> like old dead games i'm

basically a fossil like a gaming historian. stuart: is that look i don't know what your age is and i'm not going to guess on live television. >> i'd appreciate that. stuart: i'm assuming that you're older than the teens who are part of the big market for this. >> yeah, i am. and i will say that even though i don't play call of duty and i watch the campaigns online and i played first person shooters which were the precursors to call of duty but these modern games i can't keep up with the kids they kick my butt all the time. stuart: i bet you've never played pong have you? >> i have surprisingly. i played like adaptations to nintendo. stuart: i used to play in the hong kong press club 1974 i think it was that was a long time ago. >> were you any good? stuart: that was irrelevant we were all drinking like fish. >> [laughter] stuart: you could barely handle the controls.

but you are right and merry christmas to you, and happy holidays. >> happy holidays. stuart: thank you, sir. russia usually near the top of the media olympics they won't be adding to that count next summer in tokyo. no they've been banned from the summer games and other major international sporting events. it's a big deal and i'll tell you all about it, next. >> ♪ ♪ (vo) the moth without hope, struggles in the spider's web. with every attempt to free itself, it only becomes more entangled.

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winter games in beijing in 2022 also they can't host the world cup in 2022 as well and the athletes aren't the only ones that will be banned. also we have russia they won't be able to host international events, and also some of the sports officials in russia will also have impacts as well. now you know this is part of a widespread state-doping program that basically concealed frustrated temps for the ioc and other international sporting agencies to look into their athletes including accusations they were swapping out urine samples during the sochi russia games these are startling allegations. stuart: but as you were saying earlier, susan if you were an athlete, a real good one and denied a medal, a russian doped up athlete won that medal and you didn't, and you were playing by the rules, you'd be angry. >> upset of course. stuart: and in favor of this ban >> of course and lawsuits you can imagine that's coming as

well, but you know, russian athletes have been able to participate despite this ban like they did in the last winter games they just weren't playing under the russian flag. they weren't representing the russian flag, but you know people don't want to see this and they said this is a statewide program, no russian athletes should be part of these games period. stuart: understandable. you have to do something. here is news this morning, a deadly volcanic eruption on an island just off the coast of new zealand. dozens unaccounted for? ashley: probably two dozen others missing it's hard to get a true number. five dead, countless others, 11, 12 others injured and these were tourists around the rim of this volcano and it just erupted into a plume of ash and steam but went 12,000 feet into the air and this island is about 30 miles off the mainland of new zealand, and questions of course now being raised as to why tourists were still being

allowed to visit this particular volcano when in recent weeks geologists said the activities picking up. it went from a level one to a level two. some of the tourists were from a cruise ship, royal caribbean cruise ship, but horrible situation as you can imagine. and very hard to get to rescue these people because of the situation. ash and everything else. stuart: more news as it comes in the big board shows a minor drop down 20 points for the dow. i believe that the s&p and the nasdac are both slightly higher so it's a mixed market as of not right now. the final four in the college football playoffs have been set. whose going to win the i'd el? well we're going to talk to former auburn football coach about that. he is in the studio. we'll be back. >> ♪ ♪

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800-630-8900. that's 800-630-8900. stuart: one of my all-time favorites. ashley: i wish it was. stuart: that's a wonderful song. >> it is. stuart: just you like it, susan? >> i do. stuart: it's on your barometer? you heard this song before? >> i have. it's a beautiful song. stuart: this song sung by somebody else was the first one sung at the 1969 the big concert this song -- ashley: the harrison song? stuart: his name i've forgotten. nobody can help me with that one all right, but right, right, here we go. the general election in britain, new study says british media,

the coverage there has aligned with boris johnson's agenda. ashley: well because he's head of the conservatives and their message going into thursdays election is get brexit done you vote for us give us the majority stuart: but labor is all about the national health service, how it's underfunded and so let me finish. >> [laughter] ashley: under the uk broadcasting regulations, the tv and the radio have to give equal time. it's a very strict rule they have there and studies have shown that no, the media in the uk is more focused on brexit and ignoring labor's talking points. stuart: it sounded as though the british media was in favor of boris johnson. ashley: no they are just talking about it because basically they are more left-leaning including the bbc. stuart: that would be like the american media supporting donald trump. wouldn't happen. >> [laughter] stuart: when pigs may fly too, by the way it was richie havens

to start that. thank you, google. >> awesome. stuart: you're really good, susan. coming up later this hour, i'll ask media watcher howard kurtz what he thinks about that british media report, and support of brexit. and see how that market plays ever so slightly down, that's not much of a loss after 300 point gain on friday. disney's frozen 2 closing in on $1 billion, box office revenue, it'll be the sixth billion dollar film of the year, and total of 10 billion box office worldwide, just in one year, for disney. how about that? despite my objections we're talking more about baby yoda, because our next guest says it's an important cultural phenomenon love it, and wait a minute. you're the guy who comes on the show with excellent research and now you're wasting my time with

baby yoda? explain yourself. >> so i've got plenty of data on baby yoda so steward don't let the cuteness deceive you. baby yoda is an important phenomenon both for business and culture. the first is we're talking about baby yoda and that's actually important because the most valuable thing in the economy today is an iron core or micro processors. it is attention. we're in the attention economy, and we're talking about baby yoda so why are we? the number one reason is because star wars is essential our core 21st century miss so if you look at the disney plus show that has baby yoda on it it's a combination of space western where the lead character is sort of this gun fighter-type western figure, but in a far future universe, and baby yoda and the bad guys are trying to get baby yoda basically and they hired this gun fighter and that's the

combination of western, american western myth and the bible where bad guys are trying to get a baby so that's just the star wars myth itself, and then you've got the fact that its been memed heavily which is what has driven all of this coverage, and keeping this element. stuart: you're in deep trouble. you're in deep trouble. tell me how i can make money out of this baby yoda? >> well okay, so what baby yoda tells us about business is that the cost of distribution of an entertainment product keeps dropping but the value of the content keeps rising so disney plus is an example where a business basically wants to sell its content without having to go through a distribution, and so you're going to see this across-the-board in the future

where content creators are going to go direct to consumers with their content coming out or minimizing that distributer. in the far future you'll actually see something like disney plus be wired into a 3d printer so you can print out objects and things that you like based on the show you're watching. stuart: should i buy disney stock is that what you're telling me? >> well i won't comment on any company stock but this is a very important business phenomenon for the future. stuart: i'll take your word for it. i'm not entirely convinced and i'm told these baby yoda a memes pop-up everywhere, is that true, ashley, susan? >> yes. stuart: go on, make your point. >> sure my most important researchers on this are my 13 and 14-year-old children that tell me that baby yoda is the most important meme of today and

this is actually very important because our society is not becoming illiterate but post- literate where we're moving from being text-heavy society in how we communicate information to image heavy and memes themselves come from the term from 1976 coined by richard dockins of the idea of a self- replicating idea where it's a virus that gets hold of your brain and you spread it and what's happening is as marketers understand it so in fact there's a lot of rumors that the show creators specifically put together scenes that could be easily m. med so it would go viral and that's the point of this so i think you're going to see most marketing go much more towards the sort of viral marketing in the future because it's a more effective way to get to a younger generation which is not really watching tv but it's on user-generated content and on platforms. stuart: i've got it. i think i've got it robert i

really do and that was an extraordinary performance on your part. robert moran, everyone. he tried hard and made it in the end. thanks for joining us. we'll see you again real soon. >> thank you. stuart: i think that i've got it ashley: i think you do. stuart: and billy irish is getting pushback over her new music video. she's shown having cigarettes put out on her face? ashley: yeah, i just had no idea but this is a very very hard singer she's all of 17 years old with a huge single this year, " bad guy" and now being nominated for six grammy awards so despite the controversy over the video not hurting her on the business line now apple is offer ing a $25 million for a documentary on her that's already being shot and we're told gives an intimate glance for fans into her life. stuart: 25 million? ashley: it will appear on apple tv plus at some future date but it's very very impressive for someone so young. stuart: 17? ashley: 17 and she will be 18

next week. i looked it up. stuart: okay. i've got that one down to apple on your screen right now, 2.69 is the price but a lot of people we that is going to go up new study from fidelity this is important stuff. they say more than 80% of those feel that we are better off or the same financially compared to a year ago. 80% same or better and 46% say they feel better compared to other generations and that is a high as a matter of fact and everybody got this right? >> it's like the beatles song, right? if you're a beatles fan. stuart: the americans for liberty that's a revelation. 80% of us feel the same or better. that's not what we see in the media. we're all supposed to be working paycheck to paycheck feeling awful about our economy. >> well the democrats want us to be doom and floom because they want to come in and take over the economy and burn the whole thing down and it's interesting because you see this record confidence among young

people and millennials who tend to gravitate towards those more regulatory policies so i think this is really going to come to a head in its 2020 election as we're seeing young people given a choice between do you want to continue being able to save and pay off your loans and do these things or do you want someone to come in and tell you what to do with your finances and also crash the economy while they are at it. stuart: why is it that we're always presented with the view that the stock market rally is meaningless to most people? it doesn't count for most people why is that because it really does. it's very important. >> absolutely i think a lot of people my age and younger people in general think that the smart has nothing to do with them if they don't have a portfolio, which is absolutely incorrect. i think that it's because it seems far away and they say oh, i've never been to wall street i don't have a portfolio what does it matter to me but at the end of the day you look at something like this jobs report that just came out and that is something that comes from a strong economy and a strong economy lifts all tides, single mothers, college students, young people,

entrepreneurs, everyone benefits when the economy is strong, and that's something that we need to communicate. we need to make this a personal issue to young people doesn't matter whether you're a bleeding heart liberal or a meat and potatoes conservative you need to be able to understand when the economy is good we are all benefiting regardless of what your personal creed is. stuart: we're all on the prosperity boat and that's a fact. thank you for joining us we appreciate it. >> thank you. stuart: i'm going to break in because i've got breaking news it's about u.s. mca, the new nafta, edward lawrence has the story what do you got for me? reporter: stuart hearing there is a deal over u.s. mca with both mexico and canada its all been finalized and now stakeholders are starting to be informed people effected that they do have an agreement here congressional sources that have multiple sources in congress are saying that there is a deal-related as they are starting to be notified there is a deal over u.s. mca. one congressional source that hedges bets saying it will be finalized within the next 24 hours but the agreement would

have to be reratified by mexico and ratified by canada and the united states, however we're hearing from some of the stakeholders that that process in congress could be a little bit easier and possibly could happen before christmas here in the united states, but again, mexico and canada would have to reratify this agreement at least mexico, but the changes to the enforcement of this provision and the house speaker nancy pelosi wanted inspectors to go into mexico, u.s. inspectors, what looks like what is agreed upon according to my trade sources is a neutral third party would go in with representatives from the u.s. and mexico to make sure that mexico's compliant with some of those labor regulations in the auto industry but again it appears now we have a deal with u.s. mca going forward it'll be finalized in the next 24 hours or so and the stakeholders are starting to tell their folks that yes we have a deal start planning

accordingly. stuart: we hear you edward. looking at the market i don't see any immediate reaction it sounds obviously like favorable trade news and usually it puts that market up a little bit. we're not seeing that at this moment but the dow industrial is still down 27 points but we have a modest gain on the nasdac and a very very modest gain for the s&p. i want to get back to the editorial i launched at the top of the hour. to me there is a very sharp contrast between the booming economy that we see out there in america, and this impeachment circus which is fired up again in washington d.c. as of right now. tommy tubberville is with us alabama senate candidate and former college football coach at auburn. you're in new york city. >> good morning. stuart: you must have worked, i know i worked with you yesterday on fox & friends. you've been around new york. you've seen this prosperity. you've seen the crowds. do you see also what i see?

this contrast between the prosperity of america and this impeachment circus? >> for 25 years stuart i've been coming to new york the first week in december. i've never seen this many people in the streets, people with smiles on their faces, in the stores spending money, i mean that's what this country it is all about. donald trump has got us back on the right track. they are fighting him every day trying to run the clock out on him hopefully we can get something done in the next five years. >> well you're a candidate for the senate. you're going up against former attorney general, so it's going to be a primary fight before you get into it. >> right, in three months. stuart: how are you looking? >> it looks pretty good but i'm excited about the u.s. mca possibility going through, because the farmers in the south and in alabama are hurting, stuart. they are hurting. they need help with this. they need help because you know the tariffs are kind of pulling them back a little bit but u.s. mca would be a huge, huge hit for the people and the farming areas across this country. stuart: i have to ask about football. >> you got it. stuart: i'm sorry about this,

but i shouldn't be doing this, but the final four college football teams that were picked for the playoffs. lsu, they play oklahoma, ohio state plays clemson. who you got? >> well, i like all four of them. i'm a politician now. stuart: yeah really. >> i don't want to be a politician but lsu has a good football team and i like ohio state's overall team. it's like you got to have everything intact and they do. they have a great quarterback and great defense. they can play and run and very athletic. oklahoma eased in at the end but clemson is the odd man out. they haven't played a tough schedule but they got real good players and their quarterback is way under rated. it should be a great four-team playoff. stuart: well you are a politician and a diplomat and you're dancing around it. who have you got? >> i got lsu. my best friend is the coach, one of my best friends is the coach there, and he and i worked together 30 years ago and i like his organization, because you

have to be organized when you get into these playoffs. stuart: aren't you from alabama? >> i am. stuart: isn't clemson an alabama team? >> no clemson is from south carolina. stuart: why on earth did they ever let me do this? nobody told me that. >> it's because of our accents. we have an accent very similar. stuart: man city man u. who you got? >> man u. stuart: do you know who i'm talking about? >> yes, i'm a sports fan. you got to learn more about college football. it's the number one thing going along with the nfl. stuart: i really embarrassed myself there and thought clemson was an alabama team. >> that's all right everybody makes mistakes we'll forgive you on that but clemson is a good football program. stuart: but lsu is your team. >> what state is auburn in? stuart: auburn, alabama. you were the coach? >> yeah i was for 10 years. stuart: but the other big team in alabama is? >> university of alabama.

and neither teams are in the playoffs first time in a long time. stuart: who did bear bryant coach? >> alabama. so a lot of history. a lot of history in the south. stuart: you're teaching me enormous amounts here. >> well i coached 40 years stuart so i've got a head up on you a little bit. stuart: why did you go into politics after all these years in sports as a coach? >> i've traveled the country coaching, recruiting, i've been in homes, schools, businesses, stuart we're in trouble. this country is in trouble, and if we don't change education, if we don't change education it's not going to make any difference what we do with our economy, with our mental health program. we have to get back on track in education because our kids are going toward socialism in this country and in 10 years we'll be a socialistic country if we don't stop it. donald trump is the only thing standing between us and socialism right now. stuart: that was pretty good

actually. tommy. >> pretty good for a coach right? stuart: [laughter] as a politician. it was a pleasure having you on. don't be a stranger. >> i'm working on your accent by the way. stuart: very expensive lessons. thank you, tommy. >> thank you. stuart: how about apple? check that stock, please. the companies been on a roll hitting all-time highs virtually daily. gene muenster says the stock will continue to go up, he's got a target of $350 a share on that thing, he'll tell us why he thinks that way in just a moment president trump heads to another key battleground state holding a rally in hershey, pennsylvania tomorrow night, trump 2020 press secretary kelly joins us is he playing to the electoral college (chime)

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[ gasps ] woo-hoo! woo! i'll be right here. ♪ stuart: some breaking news on amazon and that pentagon deal. the company says president trump exerted "improper pressure on the pentagon to keep that deal from going to amazon." susan? >> this is in black and white and a complaint filed in the

u.s. court of federal claims in washington and they go on to say that mr. trump's aim was to harm his perceived political enemy, jeff bezos, according to this complaint just made public a few minutes ago, but we've heard from amazon saying that this decision to award this $10 billion jedi contract to microsoft there were only two bidders for this 10 year contract and it went to microsoft and they say this was completely bias. it's pretty obvious, and that's why they filed this complaint. now will they get anywhere? i think, time will tell as they say, but we did hear president trump saying that we should look into this back in july about whether or not to award amazon this $10 billion contract. stuart: no impact on microsoft which did get the contract, they're down $0.06, 151.68 so they're doing just fine and dandy. okay check that big board, down 30 points, its been like this almost all morning and minor loss for the dow industrials, a small gain for the s&p and the nasdac. backlash over the, oh, no.

the peloton ad. the actor who plays the husband says he's received hurt fell messages. come on, let's bring in howard kurtz most of mediabuzz. howard this is just a confession of social media. this kind of thing occurs because you've got a couple of people out there who don't like something in an ad raise a big rucus that goes all over social media and bingo you've got yourself a major league story. i'm not buying us. >> well the peloton stock did take a 2% hit after the initial online backlash. stuart: oh, it was bigger than that howard it was down 11%. its come back a bit. >> i'm just talking about the first day, but look, even though a lot of people think this is a set back for peloton, i actually think in the long run we're still talking about it, zillions of dollars in free advertising, lots of people who couldn't tell an exercise bike from a treadmill now know the peloton brand and as you said the guy who plays the husband, the woman

, and the actress they are being interviewed she got a liquor ad out of it and i think in the end, it's a branding exercise for peloton. stuart: i think it's a piece of brilliance actually. i wouldn't be surprised if they didn't do this deliberately, because i think it's going to be one of the best sellers for this holiday season. >> controversy sales just me. stuart: exactly we've got a study from the media in the united kingdom, the british media is aligning with prime minister boris johnson's agenda that would be brexit. that's a lot of help the broadcasters say getting behind his campaign you wouldn't see that in america would you? >> well the british media i think are perhaps more openly partisan you might disagree and i have the impression that a lot of the elite columnists and journalists don't like boris johnson and we were cheering when he stumbled out of the gate but of course this was a brexit election. there wouldn't be an election if it was not for the fact that the prime minister couldn't get his

own plan through and so if that helps him fine. i think maybe these pundits maybe even less and they like boris. stuart: i think you're right again. howard two out of three, you're doing well in this one. here is a third for you. amazon announced it's going to bring what 1,500 jobs to new york city. congresswoman alexandria ocasio-cortez tweeted this. "won't you look at that, amazon is coming to new york city anyway without requiring the public to finance shady deals, h elipad handouts for jeff bezos and corporate giveaways, maybe the trump adminitration should focus more on cutting public assistance to billionaires instead of poor families." she's trying to take a victory lap but i don't think it quite makes it. what do you say? >> stuart, math was not my best subject in high school but it seems to me that the 25-40,000 jobs that amazon was going to bring if the new york deal had gone through, is a much bigger number than the 1,500 jobs. of course there's some amazon jobs in new york. it's new york you've got to be

there. but at the same time, you know, the aoc and the handful of local critics who derailed this thing against the wishes of the whole new york political establishment they are clinging to this but the fact is new york city lost out and queens in particular on a hell of a lot of jobs that would have been a much bigger number. stuart: what relates all these stories or certainly two out of the three is the power of social media. and the power just a couple of individuals who may have a beef with something to really stir things up on social media. we've got to live with this. >> i don't think there's any getting in the time machine and going back. look sometimes social media is a force for good but there are also mobs that form on stuart: that black en people's reputations that go after organizations or targets they don't like and this is the world we now live in. stuart: and we haven't come to terms with it yet. >> i'll be tweeting this soon by the way. stuart: howard thanks for joining us happy holidays to you check this out, local hardware store ad being called the

christmas ad of the year. i've not seen this one. ashley: very cute i watched it on youtube and it'll bring a tear to your eye all about a little boy, arthur whose two years old and he really is. this is a local ad by the way made for 100 pounds, $131 and it's so cute a little two- year-old goes into the store and works for the day, does all of the things his grown-up dad does, putting on his apron and at the end of the day when this thing comes to an end you see the little boy bending down and then it shows him as he's grown up saying it's all about family, all about hard work but more than anything, it's about being a kid at christmas. stuart: whoa. ashley: it's so cute you've got to watch it. it's a little hardware store. many people are visiting the store to say thank you for that video and hopefully buy something. stuart: when you go over there you better check it out. ashley: yes. stuart: ohio major swing state

it'll be a big factor in next years election and we'll talk to ohio's governor and i ask him, how the president is doing there now. look, this isn't my first rodeo...

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trust aag for the best reverse mortgage solutions. so you can... retire better. stuart: there's something not quite right when a candidate rants about the evils of business, then turns around and admits to making a couple million dollars as a business consultant. strange, isn't it, to want to abolish the system that made you rich? senator elizabeth warren is the scourge of capitalism but made a small fortune working in the capitalist system. most of the money was made while a professor at harvard after falsely claiming to be native american. rich socialists are a contradiction. they have made their pie already and now want to stop up and comers from making their own. remember how bernie sanders used to rant against the millionaires and billionaires? well, these days he only rants

against billionaires because he became a millionaire himself. senator warren's financial records were released sunday night. she was paid $80,000 representing enron's creditors. $212,000 from the travelers indemnity company, $190,000 for a department store chain, and she worked for first commercial bank. that is a bank. senator warren has repeatedly said this economy isn't working for everyone. she proposes massive tax increases for individuals and business and a wealth tax to literally confiscate the money of the very rich. well, the economy has worked very well for her, but if her tax policies are put in place, the economy won't be working very well for anyone. the third hour of "varney & company" is about to begin. stuart: let's get straight at

it, shall we? senator john barrasso, republican from the great state of wyoming, joins us now. sir, you heard my thoughts on rich socialists. would you like to add to them? >> well, number one, our economy is strong, healthy and growing and it's because of the policies of president trump. you specifically raised elizabeth warren. to me, the thing most frightening about her are these dangerous democrat socialist policies that she's promoting. taking health insurance away from 180 million people who get it through work, but giving it free to illegal immigrants and raising taxes and attacking american energy. that to me is where my focus is as we go into the 2020 election. stuart: on that subject of american energy, we got -- this was a revelation to me, but apparently in september of this year, just a couple months ago, we exported more oil and petroleum products than we imported. sir, that's a big -- that seems to me to be a big win for the

president. we are energy independent. >> absolutely right. the president, he knew if you wanted to jump-start an economy when he came into office, you need to cut taxes, you need to gut punishing regulations and you need to unleash american energy and we have done just that. energy's called the master resource for a reason. it powers our country, powers our economy, powers our military. you know, vladimir putin uses energy as a weapon and it is now appropriate that the united states is using the energy that we have been blessed with all around the world. stuart: it really changes the geopolitical situation, doesn't it? because we don't have to buy oil from people who hate us, and we can export oil to people who need it and influence their policy as well. it works both ways, doesn't it? >> absolutely right. we have friends around the world who want what america has to sell. it helps our economy at home. energy prices are very low. of course, i'm from wyoming, an energy state, where we have all the sources of energy. we have oil, gas, coal, uranium

for nuclear power and the renewable. we have lots of wind power. so we have lots of opportunities, but the world is going to continue to depend on energy and america, as the president said, will be energy dominant. stuart: on the other side of the coin, we've got these impeachment hearings firing up again right now, actually, in d.c. are you in the senate, the republicans in the senate, are you rock-solid that this impeachment is going to be in the trial, voted down? >> i am sure of that, stuart. i will tell you this is outrageous, what we have is the democrats obsessed with impeachment at the same time they're obstructing other things that need to be done, like usmca and trade. like infrastructure for the country, lowering drug costs, funding our military. they are blocking all of those things. i talk to senators every day and the number three leadership position that i have in the senate, to me the president is safe in the senate and the democrats are sinking. stuart: i will leave it at that.

senator john barrasso, republican from wyoming, thanks for joining us, as always. thank you. >> thank you. stuart: sure. amazon, accusing the president of playing hardball and bias in a lucrative pentagon contract. susan, microsoft won that contract and is amazon trying to upset it? susan: yes, they are. in fact, this was a complaint they filed in november but it was unsealed just moments ago, and in it, amazon claims president trump's repeated public and behind the scenes attacks against amazon was a way for him to try to screw amazon. that's in parentheses, by the way, black and white complaint written in this federal filing, and it led the agency, the department of defense, to opt for microsoft instead was a clear failure. amazon says this is all political, this is because of jeff bezos, because of bias coming from the white house which trickles down to the department of defense. bezos owns "the washington post" which president trump has said and alleges that it's basically

doing hit jobs against him and amazon says on a business basis, we already have a $600 million contract with the cia, we have 45% market share when it comes to cloud computing. compare that to microsoft which only has 15%. why shouldn't we have gotten the contract over microsoft? they said this is clear bias. stuart: okay. bezos also, in a separate item, he said this country is in trouble if big technology companies shun the pentagon. susan: right. stuart: that's a direct stab at google if i'm not mistaken. bezos is out there saying hey, watch out, big tech. organize yourself, work for the government, work for america. otherwise they are going to come and take you out. susan: give russia a $10 billion contract. stuart: amazon up. microsoft virtually unchanged as we speak. how about this. fidelity says 80% of us feel better about our financial situation, or at least the same last year, the same or better.

that's a turnaround. ashley: nice turnaround, nearly 80% think they will be better off financially in 2020, next year. so that optimism not only about now but looking forward. 46% of millenials are feeling better when compared to other generations about their financial situation. stuart: how about that. ashley: the question is why are people feeling this way. one thing that fidelity, who did this survey, said people are saving more money and they feel like they have more control, which is an interesting angle. the biggest concern among those questioned was unexpected expenses, and 85% said they are planning to build up emergency savings next year to deal with any unexpected expense. stuart: as i was saying earlier, i was out and about over the weekend -- ashley: i was, too, yesterday. packed. packed. stuart: i was in restaurants and bars trying to watch man city/man u, watching the 49ers and the saints. packed across the board. what i'm trying to get at here, that's prosperity. ashley: it is. stuart: that's what prosperity

looks like and feels like and we're there. people are responding to it. i have never heard a number like that. 80% feel like we are the same or better than a year ago. ashley: also nearly 80% are looking forward to next year. susan: that's really -- especially with millenials, who some people accuse as the poorest generation since the great depression because they are making $40,000 less than gen-x, which was a year ahead of them. they're not making as much as their parents made i guess on an inflation adjusted basis. stuart: yet that survey says millenials are doing okay, feeling okay is the point. what does that tell you about the election next year. my goodness me. prosperity wins. president trump is heading to hershey, pennsylvania. it's tomorrow. another keep america great rally. looks like he's making a play for the electoral college vote. he's going to states with important electoral college numbers. let's see what kayleigh mcenany has to say about that, trump 2020 national press secretary,

she's on the show shortly. we are awaiting the inspector general's report on the russia investigation. we have the perfect guest. robert ray, former whitewater independent counsel is on the show, too. check the big board. we slipped just a little. news last hour that a deal on usmca is close. i think that's the way we should put it. we have heard that before. sources tell edward lawrence passage in the house won't be a problem. no reaction on the market. in fact, we have slipped a little bit south. third hour of "varney & company" just warming up. ♪ most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences.

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>> he fights alongside a witch. >> no survivors! >> my edict of his imperial majesty, every family must contribute one son. >> have you no son? >> i am blessed with two daughters. i will fight. stuart: well, i kind of like the look of that. that's the trailer to the new "mulan" movie. the lead actress supported hong kong and now -- no, supported the hong kong police. susan: supported the hong kong police. stuart: now there are calls to boycott the movie. susan: in hong kong, yes. social media was lit up because she wrote back in the summer she supported the hong kong police and thereby supporting beijing in this and going against the pro-democracy protesters. these are the pictures from hong kong over the weekend.

largest rally we have seen since the district voter wins for the pro-democracy movement and hundreds of thousands taking to the streets. but some would say this is a money move. china is the largest cinema market in the world now. they have more cinemas than anywhere else in the world. why not support beijing, i guess might be her thinking, and protect -- stuart: protecting your own wallet. susan: ticket sales. yeah. don't forget, disney is already, they have made five of the billion dollar movies this year. stuart: if she had gone against the beijing authorities, that movie would be in trouble. susan: oh, yes. it would be taken off the screens, that's what a lot of people think. stuart: she's got to do, as i think the expression is, do the kowtow. susan: that's right. stuart: i want to bring back edward lawrence again. i want to talk about usmca. edward, i say this is only a done deal when speaker pelosi says there's a vote.

that's when you can say it's a done deal, surely. reporter: absolutely. i'm not saying it's a done deal. what i'm saying is mexico has agreed to the terms of this paper. the language is being finalized is what multiple sources are telling me and they will have that within the next 24 hours. stake holders are starting to gear up for a possible announcement related to this, but again, multiple congressional sources as well as stake holders, people who usmca would affect are saying that mexico, we passed that mexico hurdle and the language is being finalized within the next 24 hours, and there's a deal. stuart: then we wait to see will speaker pelosi schedule a vote. reporter: correct. that is the next hurdle. we have got these impeachment hearings that are going on today. there's only seven more working days left in the calendar for the house of representatives. could she squeeze that in? that's the big question there. i'm told from a source, congressional source in the democratic side saying that the

democrats are reviewing the language related to this, but they haven't made any decisions yet. stuart: they want the make the decision as to whether or not a vote for usmca is a trump win. if it's a trump win, maybe they won't schedule a vote. i think that's where it stands, edward. reporter: i can't speculate on that. i can just tell you what i heard. stuart: okay. i want to go back to the market for a moment. remember, everyone, this is monday morning. this follows the friday big rally, i think we were up well over 300 points on friday. it was a great week for the market, a great jobs report, up we went. and this morning, we have only modestly come back a little. you know, when you have a huge run-up on a friday, sometimes you will get a sell-off on the monday. not big, but you will get a little downside move. really haven't had that today. we are down 39 points on the dow, down a fraction on the s&p and the nasdaq is actually on the upside. we are waiting for the inspector general's report to be released. robert ray is on the phone with

us, former whitewater independent counsel. robert, what do you expect to hear? >> i think what i expect to hear is probably some definition around how far up into the obama justice department did the approvals go that led to the submission of information that was incomplete to the foreign intelligence court. that will be a significant determination, not the least of which because also, we already know that in the upper reaches of the fbi, there was a lawyer who apparently submitted an altered document in connection with that approval process, which of course is very disconcerting. i imagine that part of what's going on here is that the inspector general will refer that conduct to the justice department -- back to the justice department for possible prosecution. that's part of the story. but the more significant part of

the story is going to be who knew and how far up did they know within the approval process at the justice department in washington, d.c. that led to the submission of incomplete information to the court. stuart: so will we have that question answered? could it possibly go all the way up to president obama? >> well, look, you don't want to speculate at this point. we are going to know soon enough. but it certainly will involve, i think, senior justice department officials and the question will be when they signed off on this, did they know that there were problems with the steele dossier and that there were political origins to that dossier that led some to question whether or not it had sufficient integrity to be relied upon. if it showed that was so and those officials nonetheless signed off on this with knowledge that it would present an incomplete picture to the fisa court, that's not only a professional responsibility problem, that's also potentially

criminal. we'll have to just wait and see what the report actually says. stuart: clearly, it's of major importance. sir, robert, we really appreciate you sin they stiythe for us so we have perspective when it's actually released. thank you, sir. >> happy to do it. it's an important moment. stuart: it is. it really is. we are waiting for it. robert ray, thank you, sir. next, we will look at netflix. we have been waiting for streaming numbers on their blockbuster movie "the irishman." we've got the numbers. how do they stack up to their other hits like "bird box" or "el ka meane camino." we break it down in just a moment. ♪ police officer: excuse me, sir. sit tight. yep, sit real tight, speedy. cause you've got to call it in, police officer: radio to dispatch... type it up, hey, dispa...

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stuart: we have the numbers on "the irishman." 13 million viewers in its debut weekend. but that was not a record. ashley: "bird box" got 16.9 million viewers, all measured in the first five days the program becomes available. "the irishman" is averaging two to three million viewers per day. "el camino" which was the "breaking bad" movie had 8.2

million in the first five days. there is an interesting couple of things. nielsen found that 17 million people began watching "the irishman" but didn't finish it. most widely watched by viewers 50 years old and over, made up half of the viewership. susan: male. male. ashley: predominantly male. stuart: we are in that category. did you watch it? ashley: my wife slept and i watched it. stuart: it's not my kind of thing. susan: not a scorsese fan? stuart: who? no. come on. disney's "frozen 2," how much did they make this weekend? stop laughing. tell us the answer. susan: i can't help it. okay. we are close to $1 billion. we are at $919 million right now for "frozen 2." count that as another billionaire franchise for disney this year. five of the six billion dollar movies have all been disney and they will bring in over $10

billion globally at the box office. that's not even counting "star wars" which will be released next week. that's $3 billion in the u.s. domestically, double that internationally. this is the year of disney. can you imagine the value it adds to disney tv plus when it goes on streaming as well? stuart: big added value, for sure. all right. thanks very much. disney's epcot getting a big makeover. the largest transformation of any disney park ever. it will be -- it will have a new area called land of tomorrow and movies will be added to the park. did i get that right? makeover at epcot. congresswoman alexandria ocasio-cortez taking a victory lap over the weekend, over amazon's new expansion plan in new york city. of course, she tweeted about it and of course, we will show you the tweet. coming up, we have ohio governor mike dewine on the

program. president trump won the state very strongly in 2016. i want to know how ohioans are feeling about him right now. in advance of 2020. will he win it again? we'll be right back. ♪ are the color cartridges in your printer ready for another school year? what does cyan mean? it means "cyanara," honor roll. (imitates shell fire, laughs) the ink! daaaad! daaaad! i'm so hosed. yeah. you are. (shaq) the epson ecotank printer. no more cartridges! it comes with an incredible amount of ink that can save you a lot of trips to the store. get ready for the dean's list. who's dean? the epson ecotank. just fill and chill.

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stuart: we slipped a little. now we are down about 50, 60 points. 27,957. look at apple, please. where's that stock right now? i will tell you, it's around $267 a share. i think it's there. 267, 269. our next guest says it's going to hit $350 a share, in part because of the success of their wearables like airpods. gene munster is with us, apple watcher. you are the one who says $350 a share. got it. surely this is not just on the basis of the ear pods, is it? >> no, it's not, stuart. it is ultimately a shift in terms of how investors value the multiple that they put on their business. there needs to be earnings growth that is in part supported by the wearables business. that's 8% of revenue today will likely be 11% next year, but the

substance of my belief that this can be a much higher stock is in part a different view on that multiple and quickly, to go through that, as we have always talked about, a fair multiple, it's the thing about apple as a consumer tech company, given a staples multiple like procter & gamble or coca-cola, ultimately apple is growing faster. by the way, that kind of multiple, a 25 multiple, would yield a $350 stock price. but as we start to advance closer to that, there's a case to be built that this should be a higher multiple, because apple likely because of wearables is -- and because of 5g will likely grow over the next several years at close to 10%. that is about three times faster than a typical consumer staples company, putting a 30 multiple on that gets you to $405. my point of that exercise is that 350 is not out of the question. i think you are slowly seeing some analysts as they have been inching their price targets up over the next couple months start to take that new view into

what apple's appropriate multiple should be. stuart: you certainly made a headline with 350 per share for apple. we hear you loud and clear. gene, i want to talk to you about tesla. elon musk, okay, he won his defamation trial. got that. he's going all out with this cyber-truck. are we seeing a more mature elon musk? do you think we are? is that good for the stock? >> i don't want to put maturity and musk into the same sentence there. i just want to say a more measured elon musk. ultimately, the facts would say that since his smoking marijuana with joe rogan back in september of 2018, he has been at least with twitter and youtube, he's been essentially a good steward, a reasonable citizen within those. that's a change from the previous few months. we don't need to highlight all the things that went wrong at that point. but he has been showing some, at least some restraint.

now, he does drift and giving some eternal e-mails out about production numbers he knows will get leaked to the media but this kind of direct in-your-face type of approach, he has moderated. my guess is we will ultimately see some sort of come off the tracks occasionally, it's elon musk, but it is a different type of a person here. i think that it sets the stage for investors to focus more about things like profitability, demand for model 3, upcoming model y and the cyber-truck. stuart: the stock certainly has done a bit better recently. that's a fact. gene, i'm going to ask you to just hold on for a second. i want to deal with peloton for a moment. all the outrage over their ad. we found their ads, plural, two of them, from last year. it was a his and hers campaign. pretty much the same premise. first, take a look at the hers ad. watch this. ♪

>> this holholiday, give the gi of peloton. ♪ stuart: okay. the husband buys it for the wife. she sneaks in to use it before it's actually given as a present. okay. that was the her commercial. now let's roll the his version of the peloton ad. roll it. ♪ >> this holiday, give the gift of peloton.

>> how did you know? stuart: he was sneaking off to use the thing. very similar ads but there was no outrage. ashley: bottom line, the husband ordered the peloton for the wife. whoever is sneaking out to use it before christmas, the fact remains the premise is that the husband buys a peloton for the wife. stuart: right. ashley: in this year's version, only thing you can say is the husband is on the couch while she's working out. about the only difference. susan: so obsessed with it. stuart: the stock is rallying. very nicely up right now. 34, $35 a share. gene munster, you own a peloton, don't you? i'm not asking about the stock. i'm asking you about the sexism of owning a peloton. >> i do own a peloton. i don't use it as much as i would like to use it. i am -- i pay $500 a year for the service. it is quite a privilege to be in

that one million subscriber group. don't feel like i'm a sexist and ultimately, i do want to quickly weigh in here, if i may, just on this. they are the topics that get circulated around this which i think they are prudent and important topics, that as a society we talk about. then there's this commercial. if you weren't asking, but if i could weigh in, i think that the majority of people actually were not offended by this commercial. i think that we at loup ventures asked a handful of women age 20 to 40 over the past week about this and the overwhelming response was i would love to get a peloton for the holidays. so i think it's important to keep in context, sometimes a very small group can have a huge impact on how people view things in the short term. stuart: that's social media for you. i think peloton will be a major seller this holiday season. gene, thanks very much today. good stuff. >> thank you. stuart: see you soon. thank you. let's get serious and talk politics, shall we.

the 2020 race. we are going to focus now on ohio. big swing state. president trump won it by eight points, that was in 2016. in fact, no republican has ever won the white house without winning ohio. so let's bring in ohio's current governor mike dewine. governor, how is president trump doing there right now? >> well, first off, let me say you guys are having too much fun. i have been listening to your audio for about ten minutes. you guys are a comedy act, man. stuart: careful, now. we are dealing with money. we don't want to be too funny about money. you know how it is, governor. >> i just want to weigh in that i went to see what many of my grandchildren "frozen" so we kind of helped the numbers there. i started watching "the irishman." we have not finished it yet. i was a lot more interested than she was. i'm agreeing with the demographics there. stuart: okay. so -- >> now -- stuart: how is trump doing in ohio right now?

he won it by eight points in 2016. how is he doing now? >> i think he's doing well. but look, ohio is going to be a competitive state. ohio is always a competitive state. i have read some commentators who say no, the democrats aren't going to compete in ohio and on and on and on. look, it's ohio. we can expect a very robust campaign. we got some very good news, if i could, we got some very good news this past week in regard to general motors putting the battery cell plant in the mahoning valley, 1100 jobs. i think that bodes well for ohio's future. i think it's very good. stuart: i mean, ohio is doing well, isn't it? i mean, i think of america generally as enjoying real prosperity as we head towards the end of the year. surely ohio is taking part in that prosperity. don't people vote their wallets and vote their income and vote their job?

isn't ohio really secure for the president with this background? >> look, i would never say that ohio is secure. i think the president's going to win ohio, but for me to say anything's secure a year out, i think is, you know, it would show a misunderstanding or not a very good understanding of the nature of the state of ohio. what we've seen in ohio is a real change where the eastern side of the state, the mahoning valley, for example, steubenville, that historically has been conservative socially but voted democratic, blue collar, we saw a dramatic change in the trump election, and in this last off-year election we saw a change as well. so that's moving certainly in the republican area, but we have also seen a slippage frankly in some of our suburbs, particularly around columbus. so a competitive state. i think the president's going to win ohio. but it's going to be a contest. stuart: got it.

governor mike dewine, republican, the great state of ohio, thank you for joining us, sir. we are glad you got to listen to a little of our program and you liked it. all good stuff. >> thank you. stuart: sure thing. moving on. amazon announced they are bringing 1500 jobs to new york city. congresswoman alexandria ocasio-cortez tweeted about it. here we go. me waiting on the haters to apologize after we were proven right on amazon and saved the public billions. she's taking heat for trying to take a victory lap on this. what more do we know? ashley: listen, people say how can you take a victory lap when amazon has now come back with just 6% of the original 25,000 and putting them outside your district. people came chiming in saying listen, one tweet, i better shop keepers and store owners in long island city would have loved those customers in the neighborhood instead of in manhattan and this very blunt one, you went from 25,000 amazon jobs in your district to just 1500 being offered outside your

district. you are an idiot if you think this is a success for your constituents. stuart: strong words there. ashley: well, you know. stuart: okay. no victory lap. if you're looking for work, we have good news. the economy is booming, job openings are plentiful and next, we have a list of the top ten cities in the country that are hiring the most. you can bet we will tell you which city's on top. yes, we will. michael bloomberg set his sights on the presidency. this weekend, the ballot ttle o. bloomberg fired off a profanity-laced attack. we will play it for you. and kayleigh mcenany will offer her opinion. president trump in hershey, pennsylvania tomorrow, making a play for important swing states. we will see if mcenany, ms. mcenany, will back up my theory. that's next. ♪

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stuart: career builder, the cities hiring the most workers. number one is? susan: new york city. the average income is $63,000 but average rent is $4,000 so it's an expensive place. number two, los angeles. job openings up over 2.3 million. number three, chicago, washington, d.c. coming in at number four. dallas-ft. worth, texas, at number five. boston, number six. philadelphia, number seven. atlanta, seattle, minneapolis. stuart: i didn't hear a single florida city. susan: no. stuart: not one. no florida. only one texas. susan: right. only one texas. but these are the major cities across the u.s., right? stuart: i guess people go to florida to retire, not -- susan: not to work. stuart: okay. susan: exactly. stuart: thank you, susan. president trump heads to

hershey, pennsylvania tomorrow. another keep america great rally. in the last month, he's been visiting several battleground states on your screens now. i want to bring in trump 2020 national press secretary kayleigh mcenany. seems to me, kayleigh, my theory is the president's making a direct play for electoral college votes. what do you say? >> yeah, that's absolutely right. we want to hold down the math that we had in 2016 so that means going to places like pennsylvania tomorrow, going to michigan next week, being in florida last week or two weeks ago, but it also means growing the math, stuart, which is why on that list, i assume you had new mexico and new hampshire and minnesota, all states that we are on offense in. stuart: you're not going to bother with california or new york or illinois or connecticut or massachusetts? >> we would love to make up that territory and win those blue states but we are looking at the winnable blue states. those three that i mentioned, we were in, are good indicators we

are on offense. love to win california, but we need to change a lot of minds in california. stuart: you've got to change several million minds in california. it's not going to happen any time soon. that's just my opinion. okay. kayleigh, listen to what michael bloomberg had to say about president trump over the weekend. roll tape, please. >> now, i also differentiate myself from him, i have never filed for bankruptcy, not even once. he did it six times. and i've never cheated my charity out of money. how unethical can you be? you just can't make this [ bleep ] up. i shouldn't have said that. i told my staff i wouldn't say it that way. stuart: that was a profanity. kayleigh, you heard it. what do you make of it? >> what i make of that is he's trying the same playbook as hillary clinton. that didn't work. president trump is an immensely successful businessman. that's part of the reason he was elected president. he's also not a creature of politics. he's someone the american people

trust. he's the one they empowered and mike bloomberg, he has a failed record to answer for and if he wants to attack president trump's business, good try because hillary tried that, didn't work for her. stuart: can you tell us if the money is still rolling in for the president? i believe you have raised a lot of money off impeachment. impeachment rolls on today. you getting money out of this? >> oh, certainly we do. there's nothing that has been a bigger motivator for our base and for our financial contributions than this impeachment sham, this coup against a sitting president. the day nancy pelosi announced and the three days that followed, we raised more than joe biden did in three months. so we will have our fourth quarter numbers out near the end of the year. safe to say it is fueling our coffers at the trump campaign. stuart: that's very much, kayleigh mcenany, for joining us. see you again real soon. thank you. >> thank you, stuart. stuart: news from the sports world. this is big stuff. russia has been banned from the 2020 olympics and the 2022 world cup for the doping scandal.

ashley: yeah. four-year ban. not all athletes. however, those athletes that are untainted, if you like, from the doping scandal, can compete under a neutral flag. you can't have a russian flag, can't have the national anthem for the next four years. this has been going on. they have been under some sort of ban in athletics since 2015. so it goes o interesting to read russian prime minister medvedev said the ban was part of chronic anti-russian hysteria although when asked about doping, he said this is impossible to deny. so he knows -- stuart: impossible to deny. ashley: there's a problem with doping. there you go. russian athletes who are clear of the scandal can compete under a neutral flag. stuart: yes, but as susan was saying earlier, if you are a bona fide athlete and you did not get a medal in the last olympics because some russian doped up to the eyeballs won that medal, you would be mad as hell. susan: of course. you would probably be thinking of repercussions like lawsuits. a lot of athletes are saying why

should russian athletes participate at all. they should be banned, period, because it was a state doping program. who knows who has been tainted and who is clean. stuart: fair point to make. outrageous story. really is. glad to see they are doing something. something dramatic and draconian. do it. finish this. thank you. now this. we know this holiday season is all about online shopping. to many, it is. coming up, we have the chief executive of a site that bills itself as the future of fashion. her name is jessie zeng. the site is called choosey. she's under 30 years old. we love success on this program. i want to know her full story. stay here, please. we have got that story for you after this. ♪ most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations.

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and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] 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. ♪ stuart: our next guest was named to the brilliant stellar list called forbes 30 under 30, because she runs a retail clothing company that's literally boomed over the last couple of years. that company is called choosey. it bases its inventory on clothes that get a large number of likes on social media. the ceo of choosey is, and the founder, one of the co-founders, jessie zeng who joins us now. welcome to the show.

>> thank you. thanks so much for having me. stuart: you started in -- well, you rolled out in november of '18. >> right. yeah. stuart: a year ago. >> yeah. stuart: so what's your revenue in the past year? can you tell me? >> so our first month of launch was actually 30k but then we kind of went through this insane growth period, where we doubled our revenue month over month for a kufbl montcouple of months so track right now to $6 million for the year run rating. stuart: if i add it aull up, yo will probably hit $6 million in revenue in your first full year of business. >> if you add it all up, it's four. run rating, we are doing 400k a month. stuart: i got it. you are doing well. doing extremely well. >> yeah. stuart: choosey, explain this to me. when i first saw that name, it implied you send clothes to me, i choose what i want, and send back what i don't want. it's not like that, is it? >> no, i think the brand is a lot about being selective with life choices kind of in this

world of endless consumption, how do we use technology to help you sort through what's trending in realtime so our algorithms go through social media, go through kind of the comments and likes, and we -- stuart: wait a minute. you base your choice of clothes to put on your website by an algorithm? >> yeah. stuart: that brings in the maximum number of likes on social media? that's how you do it? >> and the comments. so for example, if everyone is like where's that dress from, what brand is that, then from there, our designers design based on only what had the highest sentiment. stuart: okay. you are private. >> yeah. we're private. stuart: do you want to go public? >> definitely. stuart: really. >> yeah. stuart: if i offered you $100 million now for your company, full cash, $100 million now, would you take it? >> probably not. that's not a big multiple on our current valuation. stuart: it was a pleasure having

you on the show. you are an obvious success. amazing. you are going to be a billionaire. that's a fact. jessie, thanks for joining us. >> thank you so much for having me. stuart: good stuff indeed. don't you like that? good stuff. more "varney" after this. ...

stuart: i get together technically accurate this is the low of the day but it's not very low. ashley: no. stuart: 71 points down that's a quarter of 1%, 70 points that's -- ashley: well we had some news kind of sort of on the trade deal, the usmca, thinking that that could be something we thought well, that perhaps more in line with it's going to get done sooner rather than later but the market has not reacted. >> it's more of a sideways market just waiting for any trade talk on those china tariff s, they are set to go into effect on december 15 but i just said if they are repealed you can expect a pretty strong i would say rally on monday. stuart: my favorite stock of the day, so far, is peloton, which

is now 34.75, on peloton and the backlash against that ad is really extraordinary and i think it'll be one of the top sellers for the entire christmas season. that's just me. neil it's yours. neil: only people like you can afford it though $2,500, all right, thank you stuart very very much we've got two very interesting trade developments, right? we're very closed to usmca deal that is the trade pack that we signed off the president had for canada obviously mexico and ourselves and very very close to inking that making it official, right? the market, imagine if we had the same announcement about china. this tells you all that you need to know that china knows pending tariffs to take effect on the 15th just about six days from now are far more of an influence of this market than anything that happens or even doesn't happen on the u.s. mexico canada