>> good morning everyone and welcome to varney & company and

here we go, it was a long speech, just over an hour, times big announcement was as expected, is the run for the presidency, reviews and lindseym tweeted that he could give the positive and looks forward he will be hard to beat however, there was not a single electric republican official showed up and stephen schwartzman, is a very powerful leader giant blackstone in this morning defective from the trump cap and the main rival, ron desantis dismissed his attacks as just noise and politics he said that you can expect incoming fire and angels critics to check out the scoreboard month of references to desantis' landside wind us we can quickly to the economy, retail sales, are strong of 1.3 percent in the months and dig into their reports, and you see the price of both imports and exports actually moved down and out a .3 percent of the year, that is retail sales and book a target, ouch, target reported this morning, weak

outlook for the holiday season the starkest down the target is seen a sharp increase in shrinkage, that is shoplifting at a big increase after the pandemic. shoplifters are now walking away due to billion dollars with of merchandise every year, just from target and that is half a billion more than 2019. two markets, 70s as she goes the stocks and also be down 30 s&p is down 11 and nasdaq is down about 60 and that is it not much movement had an interest rates a look at that, you'll on the ten year treasury, is down to 3.75 percent, and the old of the two-year treasury, is 4.37 percent and now that is called an inversion, and so forecasting a recession and the bitcoin is 16000 bucks and change i'll be precise 16500, and some banquet read 40 try to raise money to pay off investors, no word on whether anyone is giving him a time. i miss you later, 27 -year-old,

who just lost $2 million, what will he do now. 147 eastern time, this morning of the biggest of all, the rockets blasted off, artemis what is on his way in scaring the orion capsule that will eventually carry astronauts to the moon in each lunch cost $4 billion, that is a giant rocketed, and normal from the launch was felt literally artist white and wednesday november 16th on the 2022, raining in new york in several feet of snow coming to buffalo this weekend and varney & company is about to begin. ♪ ♪ ♪ ♪ stuart: the cameras are working. there is a drop of rain on the lens and look, it is the big

story this morning donald trump is officially watches camping for 2024, and lawrence is with me when his erection twos big announcement. >> i go makes them i know me to be way we quit versus hear him making his run official. trump: in order to make american great, and glorious again i am announcing my candidacy for president of the united states. in this will not be my campaign, this will be our campaign, altogether because the only for strong enough to defeat the massive corruption that we are up against his you, the american people speed. >> this is the washington post and trumps angry announcement, the magic is gone and the author milbank, continues that you're one angry man singing a song of

himself but this is what senator lindsey graham wrote, praiseworthy and he called with the president said the former president said measured, and if he continues the stone, and delivers this on a consistent basis, his speech night contrasting his policies and results against the biden administration, przewodow would have for him in the primaries and general election in the issue is, trump needs more than his face, he needs independence moderate in his camp. stuart: will have speech give him those voters to have question, "fox news", to count of the controversial races in the midterms, he is a 35 percent success rate out of 37 reason, 13 of the trump candidates were him. stuart: harassment not correct and even this morning the reaction to trump's announcement has been relatively quiet. we heard the expression magic is

going to what you thank you so a god. >> we will find out, is the president. stuart: will what is your reaction to the speech last night, didn't have the old ma magic. >> it certainly started laying out a vision which president trump needs to do but as with any nomination contest, this is very well there's no secret to say that the president is the front runner going into the nomination. as we get ready now for iowa and new hampshire, summing they stay the first two states, he will have to make that case to american republicans in particular. what he wants to do in a second term and for somebody to keep him from getting the nomination, republicans would have come along and suggest an agenda than american or republican voters say that i want to have that instead of what president trump is offering for stewart, here's one thing that we definitely know given that 2022, elections it printed them chris will spend as much money as anyone to get

who they want as the republican nominee because they did it in the 2022, primaries. stuart: they want from to be the nominee, they do want him because they think that they can beat him a move on the center josh hawley, he said the midterms work a funeral for the republican party. >> i think this election was the funeral for the republican parties we know it, and as we have known as dead. and the voters have made that clear and in particular, the folks who did not vote for republicans, and his last election were independent voters working-class independent voters, the folks voted for president obama once upon a time in folkestone voted for president trump but stayed on the summer not a majority party, unless we can appeal to those voters. stuart: david, looks to me like they want to changing of the guard any was a new generation of politics and what you think. >> we need to put the leaders up to focus on americans private or

personal and economic security stuart and the senator saw certainly results that were discouraging but we did not focus on is the fact that in the republican states, we gain ground and we gained ground amongst the voters that we had not done particularly well with the abbreviation voters are hispanic voters or even black voters. there is much positive to focus on in this election as we get ready for 2024, and seriously for republicans and think that we are dead, go become an independent. there's no reason to stay the republican party view think that is a dead party but there is much to focus on 42024, many good leaders for americans to rally around in the party and that should be our focus. stuart: david thank you for joining us appreciate it and see later is because yesterday afternoon, without missile strike is struck in poland, and killed two people and initially,

the going went to the russians but you actually do that. >> so publicly, president biden sentimental i killed the two civilians was unlikely fired from russia and it borders reported that the allies that it was likely ukrainian air defense and this morning, poland and nato say that the missile was probably astray fired by ukraine's are defenses, not a russian strike and so that is breathing a sigh of relief in nato's novelty of emergency meeting, this is so escalatory because this is been going on since in a february this war has and is bound to happen right. stuart: was an incident which did not turn out the way that we thought it was initially, was not russian missiles it was ukrainian. >> and the cause and their figuring out what happened with article five, of the nato treaty states an attack on one is an attack on all this waverley got so scared and scared so was likely to happen is there going to activate article for a consultation method so that

everybody talks and talks and talks and figures out how to proceed and do we proceed with giving more air to a defense ukraine what about a no-fly zone of the western part of ukraine sue and see rescue was next after this incident. >> general joking. stuart: he'll be in the 10:00 o'clock hour he'll answer that question i'm sure and thank you is given the futures market where we going well this is wednesday morning, we are down 30 in the dow down 50 on isaac, not that much movement but eddie this morning is with us in a year ago, almost to the day, you said get all the stocks will that did work for you and now you predicting what is called a piloted drop in the near future and what is a coming. eddie: we think that's going to come in december when we get the inflation data is bear market bounce that we have seen looks just like when we had of the summer and the only reason that we have the spouses because the inflation data came in softer than expected, now everyone is

opening and trimming the fat is going to prevented that is not were to be in our opinion thinking about you know that we avoid getting decembers boy to confirm the fact that it will federal continue to raise rates as i think you're going to see and we will start to raise cash ♪ money to work last month as you know, we will start over the next two weeks we get ourselves to positional recover highest cash position of the year, and investors are getting a hundred another golden opportunity to take some off the table if they have taken to be tenth this year especially in tech, tech is a very bear set up in my opinion i look throughout this entire increase, the yield curve continue to invert more and more and i think the bond market has it right once again we are in a recession were heading into a deeper procession next year. stuart: okay and recession and heading to a deeper recession next year, a violent drop is coming after the december release of the cpi numbers come the first week of december, big

drop coming, one last one for you to think the big point will go to zero. eddie: i don't think were going to see it go to zero, you'll see a lot of points in my opinion go to zero pretty don't think you will see god in for quite is a very good point here, what is happening in crypto is a warning sign for investors, to think that is just isolated in crypto, i think the misinformed in the will that has been lost here is massive they were never massive wealth effect in the economy is what spilled over into other sectors which i think the sector is technology which is why you think that we need to be extreme we consciously or in crypto let us down and instead seeking for while doctor knowing that this big mess and property in the second stayed calm and take his next shoe to drop here in the next coming months see when you killing me but welcome aboard into the program is always good to see see you we will see you again soon i coming up, the senate run up and georgia set for december 6 in the bus despite of voting law democrats

are suing to open early voting on the saturday after thanksgiving and will tell you more about that in governor desantis, shrugging off trumps noise role it. >> which you learned is that all that is just noise and at the end of the day, i would just tell people to go check out the scoreboard from last tuesday night c1 the congressman said the next candidate will be from florida and assessing much desantis and trump are both from florida along the congressman avoid taking sides in byron donald's is next. ♪ ♪ ♪ ♪ this is financial security. and lincoln financial solutions will help you get there. as you plan, protect and retire. ♪

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stuart: yes donald trump is running for president again in 2024, and at mar-a-lago and how did this santos respond to trumps attacks sweet if governor desantis was asked about former president trump's recent attacks before last night's announcement desantis said that he is not bothered by the evidence record speaks for itself. desantis: all this noise really what matters is are you leaving, are you getting in front of the issues and are you delivering results for people are you standing up for the folks and if you do that, then none of that stuff matters nothing end of the day, i would just tell people to go check out the scoreboard from last tuesday night 300. byron: but of the former president's announcement last night from did not talk about desantis, and a city took aim at president biden in the inflation and high energy prices that is characterized biden's first two

years in office and trumped out of the one - 2 percent inflation during this term and tariffs on china and of the policies that he said led to a strong economy's d8 instead of jobs coming he's leaving america for china and they were for the first time ever leaving china for america in the businesses were pouring back because of our historic tax and regulation cuts in the biggest in both categories in history and bigger even that what ronald reagan was able to produce. reporter: and yesterday we told you that the founder kim griffin has reservations about former president trump's run this time around and now, another gop mega donor blackstone ceo said he'll be supporting 70 else in the primaries and 2024, and he said that he is calling for a new generation of leaders still. stuart: i have heard that before and grady trimble thank you and

congresswoman elise just reelected is the health gop conference chair and byron donald's had, in iran because you said that you the house republicans need strong conservative leadership and is kevin harvey going to be strong enough as speaker of the house. byron: remains to be seen and i mean look at, is elected leader now and he's got to get to 218 come on january 3rd nothing kevin will pull it together and i sincerely do with this would be a lot of work to be done between now and then and to be crystal clear from their questions from numbers about something city to be codified into rules so they know that they have a seat at the table to represent their people back home as well and i think that negotiation will get were doubted i think that the car end up becoming speaker. stuart: and during trumps presidential announcement lastly, he did not rent but he did ramble a little and that is my opinion reviews have been decidedly mixed and would you

make of his launch. byron: that was the exact continue to do in the president trump's record is his record, we all know that he knows how to run the country and it is without question that anybody questions up was not paying attention to where america was and where america is today but what people are looking for is what is this town and i was going to manage himself through this process as la started off great last night and if this is what you see from donald trump for 16 months he will be president again. stuart: one point do you have to make a choice, desantis of trump, your florida congressman. byron: will come on sue, you're killing me smalls come out like you're me right now will look, donald trump and ron desantis have immense respect for both men they've been supportive of me look going to make the decision time comes but that time is not now and donald trump in the race will see what happens next but please make them sacred, he is the leader in the clubhouse and anybody wants to speculate otherwise, is not

paying attention to all of the dynamics necessary to become president of the united states. stuart: to keep saying it congressman come you should really go to setback for the state department because you are an absolute different how you can walk the line between dissent is from and trump you pulled up brilliant i would say. byron: thank you and i've been playing for jobs all the time so thank you. stuart: you're welcome and it's always a pleasure and mitch mcconnell wants to remain senate minority leader but as i understand, senator rick scott is challenging him. >> a long shot bid about senator rick scott thinks that there needs to be a change after the disappointment in the midterms us weakens of this what he writes a college summa writing to you today because i believe it's time for the center of publican conference to be for more bold and resolute we have the past and we must start saying what we are for, not just what we are against and i do not believe that we can civilly continue to say the democrats are vertical which he continues with the big issue for him is

trepublicans attacked for his plan to cut social security cap medicare of his ran popular democrats love that he said because that gave them and tack in a talking point. have a sense as mitch mcconnell's very likely to be reelected and he spent leader since 2007, so that makes him the longest serving party le leader. stuart: if you notice how many floridian politicians are making a line scott, desantis, truck,. >> some things are different in florida c1 fosse successful state super bowl a lot of people used to live here with their then they voted with their feed than they actually voted when we got there. stuart: what is next at these offers involving the futures, red down 59 percent in the downtown 70 on the nasa, not a huge movement. >> with rita cells in the target ceo oh see things are sitting

thousand consumers and weaker hand investors are trying. stuart: a lot more than shoplifting thing and check the futures in red ink in the open dollars next. >> ♪ ♪ ♪ ♪ ♪

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stuart: the future suggest a little bit of red ink, and an internet site down 80 points about two thirds of 1 percent and back shark, do the markets think that inflation is beat. >> i think of the most part coming up and i don't think that in the investors didn't necessarily believe that 100 percent market is acting like it and they're coming in below expectation in the ppi number coming in lower expectations i think are saying the worst is behind as the fed may still race but not at 75 base point increments and also down the hike regime means were on the other side of this mountain is the least of the market see renounce. stuart: will have you see it, are you buying stock mystery everybody is down and i keep hearing it but it's had a great run that are buying any big t

tech. >> what were doing with big tech is we are selling option because we don't mind that we song that we buy lower to think of fire from arena buying the back cheaper make a profit on that either way for the pretty dice right now because the race will continue to rise i think it will, slowly on the leases for the fed funds rate goes it will impact evaluations on tech stocks were already sing love these big tech companies opposing lives and a lot of them are probably getting to announce and i think that is caring investors in the job that we have this is exciting and fun this is been really left a lot of investors on the sidelines because things have been so quickly that's only socks kept up and people did not get to participate in runs event chasing this i was a medieval on in his have some room to go higher. stuart: i asked all of our regular and most of the program, are you touching crypto and are you buying no animal say, would not touch it with a 10-foot pole

and i've forgotten what your response was to the same question a couple of weeks ago, are you going into crypto valve. >> never have never will and i'll say what about we said about crypto, is fabulous in terms of watching and as far as what it is, no intrinsic value for me is nothing but a speculative instrument and you can make a lot of money on it, and he was lot sue and i just don't get it, after all this turmoil, bitcoin is still at 16500 bucks and 70 must be buying the same to keep it at that level get to try to find out who. >> i don't get it either. stuart: you know anything about it. >> she said no one is selling. >> 63 percent are still have not moved in the last 12 months on this inside of thank you. and you can hear the bell now it is raining and we have four - three - two - one come is wednesday morning and off we go in the dow opens with a very small loss and thank you so

probably going to be true because were this morning and we have some winners and j&j and microsoft and etc. and if we lose to even a split board there dow is down 50 s&p 500 is also the downside, animals a half a percentage point lower in the nasdaq was down 25 and so losses and big tech so that, a soft is that when our f about an apple of meta- platforms and amazon are not amazon is down again, 2 percent and 96 bucks a share and help with a major retailers report before the opener this morning susan, would you started with target. >> yes we have to because target forecasting a drop in holiday sales in striking down most of the retailers here across the board and i'll get to lowe's in just about besides actually not a bad report card but you check in on walmart, macy's and costco, best buy and dollar tree are being dragged by target see the forecasting weaker than expected holiday sales.

infected drop in all of the sales and torn a problem because will earnings as a target miss his earnings in the forecast for a drop but in the holiday. , and there also by the way, also saying that the shopper is now going for discounts incentive actually know maintaining their spend in this type of environment. stuart: quested out for me from the target report was shoplifting shrinkage, they lost 2 billion. >> i thought it billion that was way up over the past year. stuart: that's a real problems getting into the profit margin. >> yes. susan: yes it is in there trying to save $3 billion over the next three years as well. i also want to bring up the other retailers here, lowe's actually did better but they did the lower end of the fall your guidance has been cut tjx heather profit beat sales right, i wonder if he said anything

about the actual consumer itself c1 anything assess. susan: says that there are certain retailers that are doing well versus walmart as a guiding by way for a slightly less than expected holiday retail. only exciting 3 percent up in sales where's wall street was looking for three and half percent when you buy back $20 billion back, people ignore that. stuart: yes, i can see 20 billion is 20 billion i think we better move on to produce and what is going on. susan: sunlight is here is genesis and janice says has now halted their wealth draw that's a big deal in genesis is run by the lost twins and i think one of the largest exchanges again in the world and some ftx these problems are sprinting on the world as we have more tweets from ftx and freight for site he's focusing on transparency and sweetie that they were healing more than $10 billion a day of volume and billions of transfers but there was too much leverage and he said more than i

realized around the bank and market crash for my exhausted liquidity he said he still trying to raise liquidity through these times as you can imagine. into the rest best of his knowledge he said ftx actually got enough money to repay all customers just about nine days ago but then suzie stepped in and so this cascade is spreading across the entire space as i mentioned, i don't think that there are many sellers and that's why bitcoin is holding a 60000. stuart: will they bring spf to america. susan: yes or talk about, is being brought to the u.s. for questioning but i think there's a call on jurisdictions as the group ftx group in the bahamas and u.s. was based here but you know, he's an american citizen. stuart: cassie yes and tell me again, why bitcoin still is at 60000 bucks, who on earth is buying this point. susan: will nobody is selling and you know, as i mentioned to you, is about 60 percent of a coin that is a move in the roads in the last 12 months or so and

so far in 2022. stuart: but no you can't come in genesis is holding those with those you can't. susan: printed risk of going into bankrupt's largest crypto hundreds of saved my ftx but if ftx is going out of the somebody to put up the capitol to say the company. stuart: what a mess and having at this rightly handles going to start using chips made in arizona starting in 2024 speech of yes so made in usa chips soaring 2024, that is time on semi building 12 billion-dollar chip factory that will get up running the year delivered so that apple ceo tim cook is only workers in europe that apple will be vying for the us-made tsmc chips with european ships, because it all make sense that there trying to shift away from the patient supply chain which with all of the pickups in china zero and lockdowns has really impacted some of the production so there a contract chip manufacturing however, there contract manufacturing and that

make ships that apple designs as of the going to and into ipads and max and that warren buffett recently and billing that one have billion-dollar stake also the largest shareholder in apple and heals about $130 billion worth it apple shares far and above is number one holding which he makes it time and money on. stuart: okay, so were we going now. susan: so i should note also that apple has said that they are going to invest $430 billion into the u.s. economy for the next five years. stuart: a must to have trillion. susan: so yes there's somebody spinning big. stuart: nvidia reports this afternoon i think down 2 percent. susan: i think we kind of know what we will get already because you don't come of the is going to follow the and we know that to the gaming, that bloom during covid-19 lockdowns got it done right with activision blizzard and take two interactive some gaming also down is impacting the bottom line and reported

40 percent profit but what about the data centers, is a symptom of the actually the data centers are going songs we want to go about amazon because another there started to cut only management jobs is going out and so i was down 3 percent i thought cutting jobs would be cost cutting would be good news so you could point some 10000 jobs are going right, were talking with the cloud space also part of the corporate headquarters that we know about and i think it is because of the target disappointment that was all over the holiday shopping and you already have to understand that amazon is gathered for the weakest holiday three months holiday quarter and sales gains and then their entire history and amazon said their earnings reported that his wife has talked about some $100 summa that is not good, and backs and coming up, good friend, barstools and they made a shocking discovery while shopping and right aid and what is this watch this.

[inaudible]. >> leader in points on for them c1 a repeat, he has 5 million american express points and that is a lot of points and nothing more about that and i have no idea. >> she will change but if not she did sue went to get master questions millions of fans tried to purchase taylor's with is now they say ticketmaster in my nation need to be broken up and maybe there's a point of agreement there be keys between myself and aoc could be sweetie all second that c1 details coming up. >> ♪

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>> ♪ ♪ ♪ stuart: that is snow that you are sing in your hearing the word which is from taylor swift new album, midnight opening it to you because the ticketmaster had a glitch nfl millions of fans are trying to get their concert tickets from or four to the sweet and can you describe would happen. susan: there's i was down for about yesterday was that will be demanded for tickets and they actually tickets so that was a big problem happened during the pre- sale. this is where it gets somewhat confusing itself real fields worked hard to get the special code to put them in line online to actually buy the tickets but they could not actually buy the ticket so people are mad and aoc is in alexandra cortes at this a daily reminder that it's a monopoly in its merger should've never been proved and break them up while five members of congress road and letters

present biden to see the merger history president obama's doj, back in 2010. and i think i agree with ao aoc and there's no competition, you pay exorbitant fees and have robots commune try to buy all of these tickets and you have websites going down and you can master was to prevent all of this and they couldn't and some tickets sold for $35000 a pop. stuart: you sense of passionate about and you're pounding the table and were you in line for these tickets suite you know but i know people who were c1 satellite and 70 think it should be broken up. susan: i don't know about broken about this sounds like monopoly. stuart: for bad pr c2 and for more others like bruce springsteen and others suet fbi's been selling tiktok sweet if so the fbi director chris didn't interest of teresa beijing has too much control he cited three specific areas going collect the data on the users

there with the recommended algorithms neck abuse for influence operations and they could actually get into your device and of course the compromise is your phone and data and obviously tiktok has been controversial 60 minutes just for this reason is that if you look at tiktok in china knowing that it operates to get the spanish version communicates, time limit and they see science experiments in the tiktok version that you see outside of china, look here in the u.s., that is the opium version, that is the one we do not see as many signs in size project using things that get kids addicted. stuart: there is a difference. thank you lauren, you can accelerate pride and were black lives matter sure but you cannot show a nativity scene are menorah at public office in seattle, jason has a story and it highlights the silver lining to the gop's midterm shortfall

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see what we've heard all of the warnings, is going to cost a lot more to heat your home this winter, in new york, the local heating oil support, medicine, homes or to raise prices so far. >> they had raise prices about 50 percent from last year, the biggest factor driving up the price increases not enough control, is about the market price and that is out, 60 percent year over year we know that all heating costs this winter are going to more but home heating oil in particular which is mostly consumed here in the northeast, that is one of the biggest things that is driving up this winter and i want to bring in the owner michael, of oil from us and good morning, what are you hearing from customers about these higher prices.

>> with a higher prices are hurting people. everything is 15 percent higher food and oil, oil prices are receding but it is a big effect on the consumer and people are ordering half of the oil and 50 gallons because they cannot afford it anymore's before we get to that, so normally would fill take like this is ludicrous to about $2600 year olds a year ago with 1300 bucks. >> is not filling ago that's giving them 500 gallons, could cost him double that if you wanted to fill it. unless year, when cost him half the amount and now, on to 50 - 585 a gallon, that is a big job. reporter: and when it to home heating oil, people in the pipes you cannot escape winter cost is first really cold week what you hearing from the customers that maybe have been putting up filling out there takes.

>> 's been her pointing to see the prices drop and as you know your pipes will burst so the fod to buy it and if customers that are taking 30 gallons where they would fill them last year. reporter: thank you and were waiting for pricing to come down but the hard thing is they really been up and oil maybe selling but in just one month stuart, meaning oil is up a dollar and some people waited are paying that higher price today will send it back to you. stuart: tell in medicine thank you very much and retail sales, they are up 8.3 percent in the past 12 months and join us with us this morning and he is an economist and john, that sounds strong performance, let me .3 percent of the past year that it does not seem like were heading for recession if you have retail sales of how much sooner will maybe were not headed into every session immediately however, that they t

must be viewed in the context on caffeine, 7.7 percent year over year increase for the cpi they take out the cpi and return some hit is up by less than 1 percent that is a subpar economy and that helps weeks my wife you're saying so much in terms of layoffs. suet there's 7.7 percent inflation the consumer level eight at the user level and are we going to come down a little bit from there. >> will that the consumer spending continues to slow, and perhaps we have reached a peak inflation and of the other hand, if something were to occur so that the real consumer spending re- accelerates, we could be looking at hyperinflation in the future and i suppose the hope is that these interest rate hikes higher treasury bond yields, very high mortgage yields, reaching a level that is great enough to slow the economy but not put it into a recession but signed the economy, that leads

to lower price inflation and that is a hopeful, the hopeful outlook but to force like to lower inflation, we necessarily some point, involved a rece recession. stuart: all right and tell me about target because they are forecasting every week holiday and a socket family ten or 15 percent and that's a focus and and the sellers and retailers were not good. >> will if you look closely the retail sales number you will find that the year-over-year increase is for general merchandise store sales, department store sales actually declined year-over-year and all quite weak and apparel store sales of the .3 percent increase my retail sales is basic a grossly overstating what is happening with the retailing chains it. stuart: it's so boring because it is nothing like were different terrible recession or like were in for a huge boom so is just bumbling along. >> yes we are just mumbling along maybe that helps to

explain the surprise election results of the republicans didn't do any better if we had really meant recession, the consumers were being crippled by higher prices, i'm pretty sure that the outcomes would've been far different see what that's interesting. >> i think people mostly have jobs and they're able to withstand higher inflation we continue to pay thanks tori came out of that we have to save $3 billion but will figure out how to do it or not going to cut jobs and so that is a conundrum. stuart: but whether the credit cards, the big loss. >> that's up to have billion dollars. >> it in the case of october's retail sales, remember, the state of california and anti- inflation stimulus checks in the provided an artificial boost and moreover, a lot of households are still benefiting from the summer hang of liquidity of god in cash from the stimulus programs that were in effect. stuart: they didn't lose that cash in big coin.

>> missing a day for amazon all happened in october. >> so retail sales are really overstating what is going on with consumer spending. stuart: sam's club, try to take on costco's famous dog soda combo and close to my heart, what is sam's club doing. >> they are dropping the price by 12 percent, how going is only will cost you about 38 there, that is less than costco where hit is a dollar 50 and i know you like this but i did not know that it was a dollar 50 at costco since 1985 in his legendary and not touching her matter what the hotdog inflation, hit is up 15 percent of prices in the past year. stuart: it is called a loss leader and you come on in and you get your dollar 50 for whatever it is a hot dog in your soda and you go out to you by 400 bucks worth of stuff. >> so that's one guarantee life, that the hotdog costco is going to be a dollar 50 and dollars 38

is sam's club. stuart: still ahead, general jack keane, laura trump, and byron yorky, at the 10:00 o'clock hour of varney & company is next. hi, i'm karen. i lost 58 pounds on golo and i've kept it off for over a year. it was so easy that the weight just kept coming off. that's when i knew that this is real. golo works. i still can't believe that i look like this. (kari) i just switched to verizon business unlimited. it is just right for my little business. (jeni) we switched, too. (kari) unlimited premium data. unlimited hotspot data. my point of sale is on point. (vo) switch to verizon business unlimited today.

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