stuart: -- because i've got mike murphy with me.ion him about morality of hiding your winnings from your wife and children. >> it's a great way to get a divorce. i mean, for a marriage to work -- i'm 22 years into it, thank god -- there has to be full disclose your. so dressing up in a yellow costume and hiding it, it's never going to work. he's going to find out. full disclosure, open book transparency is the only way to make it work. stuart: i doubt that it's the law in china that the wife gets half. i don't know that for a fact -- >> nor do i. stuart: we're not going to speculate either. that was a good response. put you on the spot, very good. check those markets, please. where are we? 200 down for the dow, 60 down for the nasdaq, 22 down for the s&p. >>> next case. nearly 40% of small businesses could not pay their rent last month. the states with the highest delinquency rates were all blew. -- blue. how about that? we're on it. >>> in just a few minutes, the president will head to florida to campaign, but florida is now solidl

stu: that was dull, mike murphy. ave funny and humorous responses and that was lauren: you're not invited back, mike. stu: get out of here. susan: anyone else here have an estate on the panel beside stu and murphy? >> i thought i was out. stu: not yet. terry writes this: we all know stu is a major beetles fan. i want to know his favorite beatles song many don't know. mine is anna. my favorite is i should have known better with a girl like you. what's your favorite, mike? >> here comes the sun. stu: good. lauren. lauren: draw berry fields -- strawberry fields forever. stu: susan. susan: i want to hold your hand. stu: that's so cute. ash.ash. ashley: has to be same with mike, here comes the sun. stu: yeah, that's a good one. ashley: has to be. stu: robert writes this one: it appears that stuart was correct in thinking that cryptocurrencies are gambling chips. i was so right. does anyone on the show owe or has ever owned crypto? we're going to go in reverse order this time. ash, you're first. ashley: nope, never thought

let's bring in mike murphy to make sense of all this. mike, let's begin with china.e knew that beijing was going to clamp down but the question is will they ease up on the covid restrictions and can we get the chinese economy going again? how does all this affect the markets after we saw what happened yesterday? >> good morning, ashley. it's going to have a major impact on the markets and the bernie sanders way to gauge it for -- best way to gauge it for viewers at home is apple. apple is trying to make their phones elsewhere, a lot of phones are still comes out of foxcon in china and if these end up impacting apple negatively, that's going to not give us a substantial rally in our market and we need apple to participate and sets u up for an interesting december and not a good december if it hits apple negatively but not seeing that yet this morning. ashley: not yet. i want to ask you about this, morgan stanley saying the markets could drop 15% by march. should i -- should investors be worried? >> could, no. short answer, absolutely not. this is an analyst making a c

let's get back to the markets, bring in our good friend, mike murphy. , we got some strong retail earnings this morning. the resill yens of the consumer is really quite remarkable. does this mean the fed goes higher for longer? i mean, if we're going to read the tea leaves, is that what it means? >> good morning, ash, great to see you. ashley: yeah. >> that's the question. i think right now the markets are looking at this as a positive. you see a lot of retail names moving higher after strong earnings. but really you wonder what the fed's thinking about this. you know, if the consumer is still strong, does the fed believe that they can continue to raise -- hike rates at the same pace or even a faster pace, which would be mega. so -- would be negative. right now it's a positive, so we're back to this topsy-turvy world where is good news bad news or bad news good news? i want to get back to a strong u.s. economy, strong corporate earnings equals strong stock market. we'll get there, i'm just not sure if we're there yet. ashley: and with that in mind, do yo

stu: back to the markets and mike murphy is with this us morning. ke, if there's a republican sweep, is that good for the markets? i have a rally on my hands right now. >> you sure do. good morning, stuart. number one, we get rid of liberal policies in place nationwide and number two more importantly, stuart, we get past the uncertainty and investors want the most level of certainty they can get. getting past the mid terms is a good point for the market and this year will be no different. stu: why in particular would big tech do well if there's a republican sweep? >> well, if the republicans do take both chambers, you're going to see interest rates not spike as much. you're not going to see the fed not having -- powell not wanting to hike rates as much hopefully and if rates are normalizing, that would be a big positive for big tech. secondarily, you also have the issues that we had with the supply chain. if those are worked out when you have more business-minded people in making decisions, that'll be also good for big tech. stu: is it a pilo pivotal

jason chafe it's, mike murphy, the 11 a.m. am hour of "varney and company" is next. you ok, man?ent ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. my husband and i have never been more active. shingles doesn't care. i go to spin classes with my coworkers. good for you, shingles doesn't care. because no matter how healthy you feel, your risk of shingles sharply increases after age 50. but shingrix protects. proven over 90% effective, shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after getting shingrix. fain

nothing about cost-of-living and inflation. 1 it is painful that mike doyle is using the same name recognition strategy employed by eddie murphy'scharacter, a con artist, and the 1992 film "the distinguished gentleman." but let's talk about more about what summer lee represents, why bernie sanders was in pittsburgh to rally with her yesterday. and also the significance of aipac, the role that is playing. while aipac has the word pac in it, for years it has not been a pac and a distance of contributing in this way, super pac, but now it has changed its strategy. talk about its significance. >> yeah, i think aipac has determined they are losing ground and -- with the democratic party, with the younger generation of democrats who what to be more evenhanded when it comes to the israeli-palestinian conflict, the positions aipac has usually been around. aipac has decided this year after seeing the election, they were going to get involved in democratic primaries. and also facts from some republicans. they have endorsed over 100 republicans who voted to overturn the election of joe biden and then got involved in a significant number of

mike valero reporting. >>> coming up on cnn, dana bash talks to representative adam schiff, governor asa hutchenson, and senator chris murphy

mike valero reporting. >>> coming up on cnn, dana bash talks to representative adam schiff, governor asa hutchenson, and senator chris murphy. \s >>> it doesn't stop. another holiday marred by tragedy. >> i'm going to try to get rid of assault weapons. >> is there any chance for that, and would it stop most gun violence? >> senator chris murphy joins me next. >>> table for three. former president trump sits down with rapper ye and a prominent white supremacist in mar-a-lago. how is his party responding? arkansas governor and potential 2024 gop candidate asa hutchinson is ahead. >>> plus, deep dive. as the january 6th committee prepares to release its report, questions arise as to what will be included. >> please remember what's at stake. >> what will the months' long investigation reveal? democratic committee member adam schiff will be here. ♪ >>> hello. i'm dana bash in washington where the state of our union is gearing up for the holiday season. president biden returns from his thanksgiving break in nantucket today as he and his party look ahead to an ambitious end to the year. they still have unified control of the house