joining me mike murphy, an misinnocenmi msnbc analyst. how might this impact the republican party? sort of a victory here? are you worried this would few democratic voter thew yampl? how are you seeing all of it? >> well, one, great to be here, alex, both sides are claiming tremendous victory on the political dimension, i think the truth is more complicated. if you are the republicans trying to hold the house, you are looking at a lot of suburban districts that hillary clinton might have carried. there's a couple of those here in orange county. and swing voters districts where you have a lot of suburbanites here, and it's probably increased the odds that we lose the house. but like in missouri, or a north dakota, it -- i think the politics are slightly in favor of the republicans. for democratic pollsters in the middle of some of these races don't mean they're tracking showing with white independent men and base republicans both going back in the -- whenever you have a germaner war, it works in a lot of complicated ways, so bad for the house, a bit better for the senate, but a coup

managing partner mike murphy and brewer ceo former star jack brewer. mitch i want to talk with murphy over here. top story, potential market rebounded this morning after the dow and s&p fell into negative territory for the year yesterday. this is twitter set to release its quarterly earnings later this morning, other tech giants on deck for today include amazon and google's parent company alphabet they report earnings after the market closed today, mike, what do you make of earnings, what do markets need to see to firm up here. mike: clearly companies were getting cheaper, earnings are what i'm looking at, you see what microsoft put out yesterday, the numbers were very good. i won't say outstanding, enough to not cause major selloff in the stock, sold down to $98 after earnings were announced. if you see this month firmed up

. >> the class is at the mike murphy academy inside the love for margo foundation. the teens are taught job skills learning everything about the automotive field from maintenance and repair to sales and facebook. >> it's natural we teach kids how to work on cars. >> mike murphy is founder of the foundation named after his late wife. his goal is to help at risk turn their lives around. >> i never finished high school or went to college. i was a troubled youth. >> his hope is to make a difference, stretching education and job readiness, putting the young people on a path to a successful career. >> potentially get a career as a technician or mechanic. >> if i didn't come to this program i would go to college and have to pay. >> i'm coming here and getting paid. >> the automotive course is just one. they work with youth at programs next door. >> on the community center side is where those 18 and under learn about music and video production. >> it gives me a place to come to so i can't get distracted and into trouble. >> there's paid and unpaid internships. >> it's like,

and mike murphy is former adviser to jeb bush and mitt romney, and peter hart founder of hart researchociations and stephanie cutter, former adviser to president obama. and peter, thank you all so much. and peter, perceptions of the division from the nbc news and wall street poll that chuck unveiled, agreement on one thing, the democrats and the republicans are agreeing and 73% republicans and 85% democrats overall that we are really divided. >> we are totally divided as a nation. and it is shocking and awful. and the only thing they agree on, actually, is that the media is to blame. democrats and republicans. but otherwise, they just point the finger at the other party and say, all of the problem belongs to them. there is no sense of how we thread these two parties together and become a nation again. >> mike murphy, you have worked for a number of republicans who tried to bring us together. but we don't see it right now in the republican party. where are the voices calling for the people to come together, and what you are seeing instead is a at lot of the base rallying. >> well, there

mike murphy. >> i think he's done. mean, he's got this -- give him credit, he has this mind twist. nate silver said he would lose and won. his numbers are terrible. the special elections have gone badly. midterms look dim and he only operates in the demographic cul-de-sac of the republican primary where he is declining and will more if we lose on election day midterms. i think that his card trick will wear out and the dem og rai am s the nominee or run in 2020. i think we have a lot of things we learn after the one event that counts in politics, election day coming quickly now. >> "the washington post" reporting yesterday he had spoken to jeff sessions' chief of staff about replacing his boss as attorney general. trump wouldn't say what he plans to do about sessions, it provoked a rant today again about russia and the investigation is bothering him. >> i never talk about that but i can tell you matt whitaker is a great guy. i never talk about conversations i had. "the washington post" gets it wrong a lot. >> but the co

someone like our mike murphy to, okay, time to jump in. we'll see.ere is are no buy orders shah said, it is just sell, sell. facebook testing 150. amazon down $66 at 1722. apple down 2.25%, $5 lower. google down 30 bucks, that is nearly 2 1/2%. there is microsoft, there goes my retirement. ashley: at what point do investors believe it is more fairly priced? the company hasn't changed. amazon hasn't changed overnight to be a dysfunctional company. they're still ruling the roost. just matter of what you're comfortable jumping back in. stuart: let me remind everyone, the all-time high for the dow was on october the 3rd. 26,828. thats was three weeks ago. that was the all-time high. susan: 50 points away from breaking 27,000 on that day. stuart: we're down 2,000 since october the 3rd. one-month chart of the dow. left-hand side of the screen. i will move away for a second. what do you say? we're going to take a commercial break, be back after this. susan: pay some bills. your company is constantly evolving. and the decisions you make have far reaching imp

joining me to break it down, dagen mcdowell, mike murphy and fox business contributor, former economicr to president obama, robert wolf. great to see you this morning. >> great morning. great first hour. maria: a lot happening. we just got the jp morgan earnings out. >> more bank earnings coming after that. jp morgan's numbers good, not great. maria: the stock was up 1.5% going into the numbers and then it -- some of the a air came out of it, now up half a percent. >> it feels a little better reading the underlying than the headline. i think the -- maria: the headline is earnings are better than expected. revenue was a little light. >> loan growth looks good. i think that's what all eyes will be on. dagen: i wonder how the overall market will react to jamie dimon's comments. >> luke warm. dagen: they're a little light in terms of enthusiasm and positivity. so far what we've gotten about the global economic outlook and unsense at thises, when have you a -- uncertainties, when you have a jamie dimon who saw the financial crisis coming two years before anybody else did, it could cause con

mitch rochelle joins me and mike murphy is back with me. we knew about everything.ht labor markets. dollar was strong. only thing we didn't know october 3rd, the chart is amazing. we've gone straight down, since then mitch. >> this is about accommodation we'll get going forward, and how much growth in corporate earnings but in the market is based on accommodation that we got. money was so, so cheap. no other alternative. all this money was rotating into equities. charles: i think it is part that too. i think it is worry the fed may be working from an old playbook. that somehow they will trip this whole thing up and trigger a recession and it wouldn't be the first time, right? >> if his statements were made in an effort to slow down the market or economy, which really isn't what they're looking to do. they want neutrality, that is fine. at same time they need to raise rates based on economic conditions. so i think one thing the market has loved here, charles, is that they have been data dependent. they said we'll raise, when the data will support a raise. to say they

i'm getting to look here, and getting look from mike murphy get to your shortly but that is preciselyent. how about the s&p, broader indicator where's that going in the early going, it is down one and a half percent, a huge drop 40 points down s&p. now watch this. look at the nasdaq there's where the big rout look at that down 2.5%. 179 points. that is a tech rout. now look at the big tech companies which dominate nasdaq, obviously, all of them way, way down amazon facebook, alphabet microsoft apple when you start talking about a percentage loss you know it is a huge loss. is the party over for techs we'll discuss it. joining us, we have david dietz michelle america kennen mike murphy and susan lee all right you're an economist but i'm going to you first is the tech rally over done, finished? >> well certainly there's so many headwinds here and you take a company like amazon trading and there's no margin for slippage now they're talking about revenue shortfall. wow. kroger or excuse me whole foods purchase is not driving revenues the way they want it not surprising other weakness is i

joining me to break it down, dagen mcdowell, mike murphy and pete hegseth. dividend. they cut it, second time this year. >> not much reaction so far. maria: 12-cents to one cent, the point in keeping a dividend if just paying a penny a share is what? dagen: you don't want to completcompletely eliminate a dd because it might force some portfolio managers based on their guidelines of managing a portfolio to remove the stock all together from a portfolio. so you don't want to give investment managers a reason to sell it outright. so by keeping the dividend it might meet the investment parameters. >> the dividend is de facto gone but it's there for the -- maria: it's still in the basket of difficult depend payers. dagen: even at a cent, a cent in percentage terms is a lot more as the stock gets lower if that's any consolation gl the c. >> the silver lining. maria: the market value was $400 billion back in the day. now we're down to below $100 billion in market value, mike. >> it's scary to see how this slow dribble down in the stock, down almost 50% in the past

and it can to a point, says mike murphy. >> it does hit a chord, particularly in red states with some olderhite voters who are very uneasy about the idea of both illegal immigration and frankly too much immigration in general. but trump's not popular in enough places to have it be a particularly effective message if he house of representatives under republican control which a lot of us in the party prefer he'd be doing. >> schifrin: but president trump seems the economy aren't as powerful as the politics of fear. even ihe says it's not politics, as he refers to migrants crossing a bridge 1800 miles south of the u.s. border. >> is this politics or is this real? >> on the bridgewhen you looked at the bridge, loaded up with people. that's called an invasion of our country. this has nothing to do with ections. and i've been saying this long before elections-- i've been saying this long before i thought about nning for office. >> schifrin: that's true. but it's also true the president won his election, and hopes to help his party win another election, by talking immigration, and making sur

let's bring in the pros again, mike murphy, jeff sica, liz and ashley still with us.ng some equilibrium. do you still see a potential fourth quarter rally, and if so, what will lead it? >> i do see it, and what's going to lead it is earnings. you look at amazon, companies like facebook, if you remember back to last quarter, they didn't put up good numbers, they put up phenomenal numbers. and i don't see anything that tells me -- charles: has to be phenomenal versus expectations though, right? facebook got hit pretty good after that number. >> it did, but i would argue phenomenal versus expectations if the stock were at its high of 200 where it was 6-8 weeks ago. right now it's trading at 150. amazon was 2,050, $700 this morning. if all you do is wait for 10 to 15 to 20% pullbacks in the fastest growing companies in this country and you buy them, i think it's good. charles: in some ways this market is cheaper now than it was in january from the january peak. >> it is cheaper, but here's my problem. my probe with the market has been -- problem with the market has been a

i think that's a good sign. >> go ahead. >> it's mike murphy. your assessment on this i agree with.is country were kind of torn apart by this whole process and the fact that we've now gone down the route that it seemed everybody wanted to go, we had the fbi look into this, we're going to get the report and we're going to vote. it should be a simple process. do you see it playing out that way or is there another shoe to drop or more to come 1234. >> i think in terms of the process, you're right. there's two propositions that we've lost sight of. number one is the consent role that the senate is supposed to play with nominees. when it comes to kavanaugh and qualifications, there's no question he's a qualified judge. elections have consequences. this president won the election. therefore, he gets to choose his cabinet, his nominees, the various parts of the executive branch and judicial. when you look at republican history, generally speaking we've approved obama nominees for the most part and that should be the same. it shouldn't be a he question of whether you like them or not or whe

mike murphy, wait a minute. 134,000 new jobs last month. call it disappointing. >> i would disagree. it is less then the market was anticipating but unemployment is down 3.7%. if you had a strong number you would be talking about the fed raising rates another quarter of the point and would be worse for the market. this number is great to keep going. stuart: back in the reagan years, you cut taxes and we were getting 400,000 new jobs every month with a smaller population. >> rather than looking at the early 80s if you look back three years ago and i told you we will see 3.7% unemployment in this country soon you would have signed up for that on the spot so it is not the early 80s but we are doing great. stuart: wages up to.8% over the past 12 months. i call it disappointing. >> fantastic, up against a high bar. last year, 2017, the highest wage gains since 2007 so if you're comparing that annually, economists were not expecting much of a blip in wage growth, this is an impressive figure. stuart: shall we agree to differ? >> it is on my side.

stephen gilfoyle, mike murphy, susan li in the studio. idea, certainly these developments wouldn't necessarily help stocks, and we did see a trade lower, but again, a lot of, a lot of other things going on today. how do you read into it? >> absolutely. this definitely spooked the market a little bit. we saw computer trading kick back in. not a major incident, nothing was dead nated. markets rallied from 250ish, to flat on the day. this will spook markets short term f you're a professional trader this will impact you. if you're a investor at home this will not have impact on you at all. connell: not like we have a shortage of news that would be impacting the markets. what was the driver today absent these developments in washington and new york in your view? >> absent the huge computer-driven huge selloff it is kind of hard to measure but we have a lot on the table and which have a lot to price in. chief of that would be margin compression thanks to tariff wars and not to mention of the balance sheet. people don't speak about because they

even though i don't have an great work history as some of these other history, somehow mike murphy and i have challenged the incumbents and changing the status quo. we've had a history of supervisors and administration that give tax breaks to big tech and to real estate developers, and you know, that needs to stop. we need to cut the money out of san francisco's politics and give power back to the people. and that's what we're standing for, and, you know, we have a rampg choice voting system, so -- rank choice voting system, so it doesn't have to be vote for your favorite. vote for your three favorites who give your voice back -- like, put your voice back in city hall. >> thank you very much, and miss basan. >> i've lived in san francisco since 1960, and i have been a homeowner with my husband in the sunset on noriega street for 25 years. you sat here today, thank you very much, and you heard my answers. i have answered every question very directly. you know my opinions, and you know where i stand on the issues, and i have not said what i think will get me votes, but what i believe, an

i'm joined by former democratic senator barbara boxer of california and mike murphy.has advised several presidential campaigns including cajohn mccain and jeb bush. my thanks to both of you. senator boxer, i again with you and the caveat there's much we don't know. do you think the cnn president, jeff zucker, a colleague of our, a competitor of ours, has hit the point over confronting the r rhetoric at the house. >> i'm proud of him. he's going up against a president who has a large following in the country who says the press is the enemy of people and praised a congressman who actually assaulted someone from the press. look, donald trump has weaponized politics with names attached. every one of those people, individuals, who this person or people tripe etried to attack, people have been named by donald trump over and over. you've heard it. you've seen it. lock her up. low iq. it goes on and on. president obama. he still doesn't think he's a citizen and all the rest. it goes on and all. he weaponized politics. he named the names, including cnn. yes, i think it was goo

they are thank yous to luann besan, adam kim, gordon an mcmar, trevor mcneil, mike murphy, tuan win,nd art tom for attending today's forum. okay. so we're going to start off -- we're going to begin, i guess the best way to put it. so i have the questions here -- again, please, if you have questions that you want to ask, please write them down and give them to the volunteers who will be up and down the aisles, looking for your questions. so the first question, did you hear that part about fill out the card and give it to the volunteers? thank you. i'm going to get this right, but it's early saturday morning. okay. we're going to start off with miss basan, and the questions will be asked in alphabetical order. the first question, over the last five years, in your opinion, have elected officials moved the city in the right direction or the wrong direction, and why do you feel the way you feel? >> my opinion is that the city officials -- [inaudible] >> thank you. my opinion is that the city officials have not moved our city in the right direction at all. i think that they have moved the

mike, murphy -- yes, sir. [laughter] you told us last week that you were buying because last week was a big dip. so hold hoing to that? >> absolutely we bought amazon apple i would love to buy but it really hasn't pulled back enough. google we bought down here at levels i think anybody who is waving big tech up at the highs that they had two or three months ago e they see this pullback right now until something changes, you buy the dip. >> this is a dip. you'll buy it. i'm buying it until i see something different there's nothing out there that tells me this is going to change. >> amazon comeback 15 bucks as of right now was down 139 just on friday. it was, and up 117 on thursday, down 116 on wednesday so there's a lot of volatility in market yes. but remember stew i said it to you last week if you want to own these companies don't buy them at all time high but on pullback when you're seeing right now is a pullback. >> wall street journal reports today that asia and latin americans countries are looking at big

dammit, d.r., mike murphy, thank you very much, indeed. "varney & co."e from the white house tomorrow we start at 9 o'clock. lots of guests joining us, secretary ryan zinke, larry kudlow, kevin has set, kellyanne conway, it will be a big show. it says on the script, don't miss it! i don't like saying that. of course they're going to watch! assume the pose. [laughter] >> will there be a special guest? stuart: we don't know that but we are hopeful. get me out of this! check the big board. we are up 204 points. 25,455. okay. we told you earlier about a new proposal that will require drug companies to say how much their drugs cost when they put an ad on tv. in the next hour, mark siegel, our own dr. will tell us what difference this will make to everybody! a global beer shortage? what? blamed on extreme weather. you have to hear this one. [laughter] not shy about criticizing the fed. our next guest says, that is good.he will make his case after this. stuart: what a wonderful opening to the market! this is the height of the day up 230 points. look at walmart.

joining us, mike murphy, susan lee, ashley webster. amazon. they are giving a pay raise moving up to $15 an hour for 350,000 workers. it starts on november 1. >> i think it is great for the workers. as we talked about the program, there is a demand for workers right now. they have to pay up to get the workers. but watch quarterly earnings because it will have an impact on numbers. they are spending a lot more money. have great perks for employees already. by basically doubling minimum wage for employees, it will have a major impact. stuart: of course. but with threats and bernie sanders. jeff bezos being worth hundred $65 billion. >> yes. but remember, the company is priced based on profits, earnings. that will be affected by this. it will be interesting when the new quarter comes out. stuart: would you buy it? >> i still love amazon. i still believe it has 50 percent in the next two years. i am a continual buyer of amazon until further notice. >> really? stuart: i mean, i find it really a brave move. $2000 stock, we are going to keep buying i

dagen: mike murphy and jack brewer, that does it for us. varney and company, take it away. stuart: good morning everyone. you are going to like this. it is called bounce back. not all the way back after the big selloff and no clue how the market closes today but here's how we open. gains for all three averages up triple digits, 120 points, s&p on the move to the upside but the tech heavy nasdaq charging back 1% as we speak. i will focus on three big-name stocks that are moving today. first off, tesla, huge yet. it reported a profit, making and selling the model 3. finally the production line is working and stock is up 10%. twitter, strong profits, strong revenue but what is really turning on investors is purging of fake accounts, active monthly users down in part because of the purge but the market likes it, stock is going up 10% in "the opening bell". microsoft truly a member of the big tech club and clearly showing terrific financial results. this is a rebound. the start, i own some of it is a premarket. lots of other earnings reports coming out mostly solid, we will get

he's in murphys borough in southern illinois there on behalf of representative mike bost running against the democratic brendon kelly. it is unlikely the president will speak about brendon kelly given he is a democrat. he spoke about his sentiments regard the terrible shooting there in pittsburgh and we are also looking in pittsburgh at the right of your screen at a vigil, the sun has gone down. the end of the sa bath day happened some five poob minutes ago and people are carrying a vigil for those 11 victims and others shot but are in the process of recovering. joining me right now is richard cohen, the president of the southern poverty law center. richard, i want to share with you some sentiments from those that are in the squirrel hill community there in pittsburgh in which the tree of life synagogue resides. some 80% of those residents said they have been very concerned about an increase florida state anti-semitism verbiage, the concern about attacks they've had their own anti-and he

how great does mike murphy look. >> doesn't she have like 5 or 6 children. maria: super woman.ichard simmons should be pleased that he's looking good. maria: great. we will be showing you more pictures throughout the program. we we are taking a look at video games, competitor the edge to win, that's next, stay with us hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy. ford. is it ford? nope, it's not ford. i think it's ram. is it ram? not ram. that's a chevy! it's chevy! that's right. from the family of the most dependable, longest-lasting full-size pickups on the road. gorgeous. chevy hit it out of the ballpark with these. i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. we're

. >> what a show thank you dagen mcdowell mike murphy great to see you. >> great. love being here. every day -- me too. have a great weekend everybody. i'll see you sunday. "varney & company" begins here's charles payne. >> what a week did he miss, stocks, though, right now look like they're going to bounce back a little bit this morning. equity futures have been up 200 and 300 dow points all morning long and then earnings coming in so far positive reactions jp moore dpan citi group, mixed results but positive reaction ares dig in there. a lot of bargains out there in in this market and keep in mind dow lost more than 1300 points in the last two days and, of course, we've seen a lot of wild rides along the way and never know where this market is going to go but volatile up, down, believe it we've got you covered for next three hour, in fact, we have an amazing lineup for you and in addition to our market coverage former ambassador to u.n. -- on the possible release of an american passer who has been held in turkey for two years. and fcc chairman on what he's going to do about about

joining us now mike murphy, susan lee, ashley webster and we will back up to rates are up, stocks arethis continue? >> i think we will grow out of this very quickly in the marke markets. you and i both know that if the economy is going the strong doing this while an extra ten basis points will not matter in general. the money has gone defensive over the past week and a half enough been what has been driving this. i don't see it left a long. charles: here's the thing, people know history. is it that it's moving up fast, is that the pace of the rise it can be 3% yield. >> no, it's not. it's what people are focusing on all the market is having a temporary holding pattern. charles: [inaudible] >> it simply that is not going up in a straight line forever. we had this when we first crossed the present earlier this year but the point to do will not scare anybody out of equities. charles: when we had this in february it was more of an indictment or? and i think we've heard from them enough to understand he's on the side of the economy investing. >> absolutely. as long as the underlying fundam

senator murphy was calling the president unstable when he was on an asian pacific tour, while mike pompeo was bringing three americans home. it was a wonderful thing. there are 77 families here in the state of connecticut waiting for answers for their missing -- that was a great gesture by themdent kim to bring home. diplomatic solutions are the way to go. you cannot be upset we stopped joint military exercises while having diplomatic solutions. this president has something doing that is -- going that is working president kim is coming to the table. we just need china to come to the table. i believe they will. dennis: mr. murphy? i support talking to the north koreans. this is a global threat, the idea that north koreans can put a weapon on top of an icbm that can reach the united states. unfortunately, i think kim has negotiated circles around as president. kim has gotten everything he wants. he has gotten a number of important photo ops with the president and the secretary of state and the cancellation of military exercises the united states does with a south korea and he has had to mak