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stuart: yeah. >> i refer to it as the stuart varney interim deal. you, but, he will consider it. >> because you've been very specific about what you like to see in it. but the president also said in the clip you din play i think, he would like to pet -- get the whole deal done. that is the important phrase. stuart: yep. >> this is negotiation. so the chinese have something to say about all this they have been doing quite a few things themselves. stuart: didn't the chinese say we're good for a 40% deal, we'll talk about 40% of the deal but 20% is off the table, non-negotiable, isn't that what they said? >> this is unauthorized leak that "the wall street journal" ran, 40, 40, 20, now. i didn't put much stock in that. that is a negotiating tactic. they have a lot of respect for president trump as a negotiator. they translated all of his books. they do a lot of things that are technical to try to iluence president trump. doesn't seem to be working. he is sticking to his main strategy, china will not pass america. d that six or seven times in public. stu

"varney & company" about to begin. stuart: we start with the hurricane. it is now a cat 3 storm as it makes its way up the east coast and takes aim at the carolinas. meanwhile, in the bahamas, more images emerging of absolute devastation. at least 20 are dead. that number is expected to rise. jeff flock is in charleston, south carolina, in the thick of things. jeff, what's it like now? reporter: well, i guess it could be worse, stuart. that's your main headline here as we drive you through the streets of charleston. maybe if martin looks out the window, you can see there's no catastrophic damage here by any stretch, but clearly, you know, they had a hurricane through here. look at the houses on the right. can you see that on the right? can you get out that window and see? this is what they prepared for with big sandbags and all sorts of things, and now what we're getting is mainly huge rains. the streets of charleston, pretty well flooded. i don't know if we get up to this next one, i think you can probably see it. nobody coming. we will go through that s

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more "varney" after this. ♪ . .e stage tonight, as we walk up to that, we have news broken by "politico," a nasty fight between president obama's political people and elizabeth warren campaign staff. what is the word? >> "politico" interviewed 50 people behind the scenes many on the obama team and elizabeth warren team, there was never any real agreement on things. it could get quite nasty at times. i think it is, i don't want to give a plug for powe lit call. it it is an interesting story. none of this bubbled to the surface but -- stuart: tonight president biden, vice president obama's on stage first time with elizabeth warren. she will go after him. >> released social security benefit expansion plan this morning. lots to talk about. stuart: tax the rich. i got it. time's up. stuart, it is yours. neil: tax stuart varney. that is what they're all doing here. amazing, dump it on the rich. following on developments, trade back and forth, how many times you heard me say, you want to foe which way the markets go, get a

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"varney & company" starts now. stuart: hurricane dorian, getting the first pictures of the devastation in the bahamas. at least seven people killed there and the storm is creeping up the east coast. the obvious question, ash, where is it headed? ashley: it is headed to georgia and south carolina right now. as you can see, it's right around aist. augustine. it's picking up speed a little bit, going from two to three miles an hour to eight miles an hour. those tropical storm winds extending out and affecting the coastal areas and those slightly inland on the florida side. storm surge probably the biggest problem with this. power could be lost on the georgia coast and into the carolinas over the next couple of days. it could make landfall thursday in south carolina or even more likely, friday in north carolina by which time it will be maybe a hurricane cat 1 or a very weaker cat 2. still, winds gusting up to 75, 80 miles an hour but thankfully, nothing like what we saw hit the bahamas when it was a category 5. stuart:

tom brady on "varney."ith that. ♪ here, it all starts with a simple... hello! -hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy!glad i c. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today. david: the dow down 64 points. 2:00 p.m. is when hour all this could change for the positive or more negative as we get the report from the fed as to how much they are going to lower rates, if at all. there is a 41%, there may be no rate change at all. let's take a look at oil. there is a presser going on right now in saudi arabia. that is what you see on the left side of your screen. they're talking about the attack that happened over the weekend. new information we got, producer lucas tomlinson was first person to report this yesterday. there were not only drones but cruise missiles involved in the

maria: let's get to "varney & company." stuart, take it away. stuart: i bet you didn't watch it all the way through, did you? maria: no, i didn't. how could you? could anybody? stuart: how could anybody? maria: seven hours on climate? stuart: i couldn't take seven minutes. but that's another story. good morning to you, maria. good morning, everyone. all right. as things stand right now before the market opens, the major indicators are again very close to their all-time record highs. hard to believe after all the anxiety and volatility of the summer but if you hung in there, you are looking good. when we open today, you might look a bit better. look at this. the dow is 2% from its high. it's going to open up about 60 points. the s&p, 1.5% from its high. it's going to go up a few points, too. the nasdaq, 2.7% from its high. it will open today again, on the upside maybe 30 points. >>> new trade figures suggest china's hurting badly from the trade fight and weekend disturbances in hong kong suggests xi jinping still has a problem in his backyard. al

"varney & company" is about to begin. stuart: you're looking live at the white house -- i'm sorry, at the house intelligence committee hearing room. the acting director of national intelligence, joe maguire, he's set to testify on the whistleblower's complaint against president trump and as we said, that complaint has just been made public. hillary vaughn standing by at the capitol with more on this. bullet points, please, hillary? reporter: the whistleblower does admit they did not have a first-hand account of a lot of events that they then went on to describe in this complaint but they do say that at least half a dozen u.s. officials voiced concerns to the whistleblower about the president trying to use the advantage of his office to try to entice foreign governments to interfere in the 2020 election. one of those at the center of this is of course this phone call with the ukrainian president and obviously, president trump, but the whistleblower says that after that phone call transpired, there were several white house

it is about to be hour three of "varney & company."usaa more than any other company out there. they give us excellent customer service, every time. our 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today. stuart: it's the top of the hour, 11:00 eastern time here in new york. let's have a look at that market because we are down. this is the first trading session of september. we are down 322 points. couple of items here. some negative news on trade. those extra tariffs were imposed on sunday and some negative news on manufacturing came out at 10:00, an hour ago, which showed a reading of below 50. that means a contraction. t

"varney & company" begins right now. s stu, take it away. stuart: yes, dagen, we do have gronk on the show. we do. >> that tall drink of water. stuart: right. whatever that means. whatever that means. good morning, everyone. start off with big trouble at wework. it's supposed to go public. it's supposed to raise tens of billions of dollars. the ipo now looks doubtful. lot of people stand to lose money and their reputation for financial judgment. wework's main investor is now calling for the ipo to be shelved. no official response from wework yet. at least i have not seen it. if this ipo does not go forward, it will probably be the biggest upset to the ipo market in many years. >>> but we do have jobs very much in the news, lots of jobs. emphasizing that this is very much a full employment economy. the small business people report hiring surged in august. target announces it's hiring 130,000 people for the holidays. ups hiring 100,000. amazon, 30,000 full-time people. add to that the late report that we are using our credit cards big-time. we

we another big hour of "varney & company" coming up just for you. street journal" poll find as president trump's his personality, personality is big problem for for voters. marc lotter, 2020 trump guy will respond to the poll. elizabeth warren leads in the latest poll in iowa. she has 22% of likely caucus-goers support her. 20% support joe biden. the democrats look like they're going out there to the far left. look at roku. the stock is up a little today. no it is not. it is down another dollar. it had a huge drop on friday. i had called it the stock of the year but the launches of apple tv plus and disney plus are hitting roku pretty hard. look at it. 106 right now. we have the full story coming up. >>> first off let's talk trade. i see two possible headlines today. a possible deal with japan may be announced at u.n. summit this week, maybe wednesday and boris johnson says a big deal with the uk is coming by july. keith fitz, as keith fitz-gerald, i've been on vacation. say it like this. keith is with us. i read your stuff and you say any deal of a

& company" stuart varney to weigh in good morning, stu. >> good morning, maria.his extradition bill has been withdrawn? it is a gamble object the part of xi jinping, and his what concession basically i think maybe said beijing blinked here, will it work? i think the strategy is to buyoff the peaceful demonstrators reassure them change is coming with withdrawing this bill, isolate violent protesters take them off gain public sympathy for moderates and a lack of chaos stability in hong kong and that way return to calm and calm everything down, a gamble we don't know who are not protesters will be back this coming weekend we simply don't know if they are violent i spp that will be used as an excuseing to further nasty crackdown that really clamps down on things so we are still in state of flux beijing blinked seems to me an interesting concession maybe gave china lvrj with president trump in trade negotiations, gives him a freer hand for us here. maria: we will see they also want to be able to vote for their local leadership so there is that. >> stuart thank you see

more varney after this. ♪ . .health and wellness with medicare advantage plans designed for the whole you - body, mind and spirit. that means aetna is helping you get ready to be the best grandmother the world has ever known. we simplify medicare by connecting you to the right coverage, resources and care. so you can be ready for what matters most. aetna medicare solutions. stuart: what a day. let me go through with you for the last three hours. we opened the market at 9:30 this morning. the market went up. it came down a little bit. and then at 10:00 we got details what was in the phone call between the president and the president of ukraine. no smoking gun, no quid pro quo. the market starts to go up quite nicely. then just a few minutes, about a half hour ago i guess you would call it the president launched into a discussion of the china trade deal. it was brief, i got to admit but he did say the deal could happen sooner than you think. he was kind of emphatic about it. at that moment up went the market. that i

stuart varney is up next with "varney & company." stuart: let me second that to dick grasso. good man. good morning, maria. good morning, everyone. >>> here we go. republican dan bishop won the north carolina special election. president trump had campaigned for him monday night and even the democrats admit that helped. more than that, the election was seen as a referendum on the president. the republican win is a plus for his 2020 campaign. that's not the only one, either. on the show today, we are following the census bureau report that shows poverty in retreat, incomes rising sharply, and big wins for women in the work force. the trump economy is looking good. >>> we are also checking senator warren's socialist policies. highly destructive to your retirement plan so just watch out, on the show today. >>> we will say the same thing about gamestop. the video game retailer down and almost out. you stream games these days, don't you? dave & buster's, watch out. they predict a sales decline. ouch, not good when we are spending more and more on eating out. the stock's way down. >

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>> varney plan has been rejengted.[laughter] >> did they really interpret the president tweets because he's been very clear there were three of them it is a really good deal he's not in a hurry it is cheen ho wants near term deal so you have support of china for your plan. >> do you think what do you do? do you think there's any chance of a serious good dole a deal that both china and president trump would agree to at end of talks in october? that possible? >> it's unlike but it is possible because of a very important fact. 150 page draft agreement is very detailed and very, very secret there hadn't been a single word of it leaked even though chinese. >> it was rejected no. some things were as we say negatived but fundamental totality of the agreement was not turned down by the chinese. so three sources from the white house who told reuters not too long ago that it is the legally binding mechanisms that changes in chinese law that's the part of the chinese took back not the entire 250 pages that gave grounds for optimi

"varney & company" starts right now. david: first to washington, d.c., where midlevel china trade talks are kicking off today and they seem to be having a positive effect on the markets. the dow jones industrial went from negative to positive on the news. edward lawrence joining us live from the white house right now. hi, edward. what's going on? reporter: yeah, literally right now, the talks with the chinese delegation have started. the delegation has walked in there. these are deputy level talks that will set up the talks between the heads of the two trade delegations in early october. now, about an hour ago, in an interview that was aired on "mornings with maria" an exclusive interview with vice president mike pence, he says china must address the structural issues around protecting intellectual property and trade. >> president trump is going to stand firm til china comes forward, opens their markets to our goods and ends the practices that really, really have harmed american businesses and american private property f

but here's stuart varney.clips of the weekend. >> i do believe he lies virtually every time he opens his mouth. >> give me an example. >> i believe, stuart -- >> i'll give you an example just from yesterday and even his staff, stuart, admitted that he lied this week when he said there were high-level phone calls between the united states and china. trump said that repeatedly. his staff came out yesterday and admittedly -- admitted that the president of the united states lied to the world to manipulate the markets. i have a problem with that. >> that's not a lie. let's not get technical. >> that's not a lie? >> no, it's not a lie. if the man says, and he did, that high-level talks had been held with china, that is not a lie. they were held with china. >> stuart, he said there were high-level phone calls with chinese officials. his staff admitted that was not true, that he lied in order to manipulate the market. >> okay. give me another one. give me another one. that doesn't work. >> he said that his -- stuart,

"varney & company" begins right now. s stu, take it away.ff with big trouble at wework. it's supposed to go public. it's supposed to raise tens of billions of dollars. the ipo now looks doubtful. lot of people stand to lose money and their reputation for financial judgment. wework's main investor is now calling for the ipo to be shelved. no official response from wework yet. at least i have not seen it. if this ipo does not go forward, it will probably be the biggest upset to

"varney & company" begins now. stuart, take it away. stuart: good morning, maria.. china trade talks resume and up goes the market. here's the trade story first. top level officials from china fly here next month to speak directly with treasury secretary mnuchin and trade negotiator lighthizer. the chinese quote, hope for substantial progress, end quote. lower level officials will confer throughout september. yes, they are talking. that's the headline. here's the market, going straight up. the dow is up 237 up wednesday, today we will be up another maybe 250, 270. it is headline-driven. the s&p is g

maria: "varney & co." begins now. david asman is in for stuart today. take it away. >> thank you and good morning. big news to begin the work week with. we start with oil. price surging following that attack on the saudi oil field president trump says the u.s. is quote, locked and loaded and ready to respond. is also ready to tap into the strategic oil reserve if necessary stock futures are down in response to the oil surge with a lot of angles to the story and news continues to break out and we have it all covered right for you. other big story today united auto workers on strike at general motors negotiations resuming next hour. the strike coming as gm faces declining sales and is closing plants with uaw leadership while facing an fbi corruption probe. have news on vaping, opioids and china's economy as well but i'm david asman in for stuart today. good monday morning with "varney & co." start right now. ♪ david: let's get right to oil. studies have shut down 5% of the production after two drone attacks. west texas crude and brent crude surging on tha

maria: let's pass it to stuart varney. stu, it is your time.be with you. "varney & company" begins right now. stuart: good morning, maria. good morning, everyone. yes, indeed, the whistleblower complaint is out. we are of course going through it as we speak. the headlines so far, the whistleblower received information from u.s. officials that the president used his office to solicit interference in the 2020 election from a foreign country. the complaint was lodged by someone who was not a direct witness to the now famous phone call between president trump and

we broke it here on "varney & company" yesterday.et more into that. >>> we are still waiting, of course, for the president and mr. johnson to get together. looks like they are trying to assemble, trying to work out what they're going to say. more "varney" after this. ♪ oh, wow. you two are going to have such a great trip. thanks to you, we will. this is why voya helps reach today's goals... ...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medull

special correspondenh varney of "kaiser health news" was in the san francisco courtroom this afternoon "kaiser health news" is not affiliated with kaiser permanente. sarah, in order to prevail the opponents of this rule have got to convince the juds thadt irreparable damage harm would be done by this rule going into effect while it's still being challenged. how'd they try to argue that? >> -- question, some of the justices did ask are we allowed tookssentlly lot news reports that we're seeing now that are showing us that some on e predicfrom the secretary of health and human hn services, when they were promulgating these rules, said this rule will not have deleterious effect on title 10 services, so they seem to be wondering whether or not they should look at this rule while in effect. there arle 109 cinics closed, so we know half to he the people who used title ten services have been affected. it wasn't until the end of the argument that they were able toi get into t the government said, well, if you look at it in a different way, just a small pecentage of the over all clinics have ac

and the government will ve to find other clinicsto willintep in to fill the gap. >> reporter: sarah varneynews, thank you very much. >> thank you. >> woodruff: voters in the hawkeye state are narrowing team political sites on the r the white house. iowa will once again play an outsized role in a presidential election. when in a lit moral than four months it will host thefirst nominating contest of the season. lisa desjardins reports on the latest sprint amonghe democratic hopefuls. >> reporter: in iowa, the pressure and the stakes couldn't be higher. saturday, democratic candidates angled for attention at the annual iowa steak fry-- grilling meat and veggie burgers. >> in this unprecedented moment in american history, we need to run an unprecedented campaign. >>sreorter: and it comes the presidential pack faces some shifng realities. the new iowa poll from the des moines register and cnn shows a change. massachusetts senator elizabeths warrentepped into first place in the hawkeye state, two points ahead of former vice president joe biden. vermont senator bernie sanders, while still in thir

steve: the guy in the middle is here on our set, stuart varney, host of "varney & company."hese years. it's a new look. not the same programing exactly, but a different way, a new way of communicating all about money that is what we're trying to do here. our program something geared to you, if i can point into the camera, it is geared to you and your interests. so we follow the news from your perspective. we bring you the stories that you need to know about, in your every day life. i promise you this, you will never hear stuart varney talk about the federal reserve, the qe3, whatever that might be. it is not a new ocean liner. brian: i know but they don't. >> we don't do that. i'm going to talk about subjects relevance to everybody in a way that is relevant to you in particular. steve: you know why? because stuart, you and the people at fox business are invested in you. watch the new promo. >> when i grew up in brooklyn my parents lived the american dream. taught me what it means to be invested. >> in high school i managed a fast-food restaurant. i felt the power of business

maria: let's get to "varney & company." stuart, take it away.i couldn't take seven minutes. but that's another story. good morning to you, maria. good morning, everyone. all right. as things stand right now before the market opens, the major indicators are again very close to their all-time record highs. hard to believe after all the anxiety and volatility of the summer but if you hung in there, you are looking good. when we open today, you might look a bit better. look at this. the dow is 2% from its high. it's going to open up about 60 points. the s&p, 1.5% from its high.

"varney & company" begins now. stu, take it away. stuart: maria, thank you very much indeed.f "varney & company." >>> how do you sum up the debate last night? try this. you should be very worried about your job, your income and your retirement if any of the democrats on the stage wins the oval office. none had anything to say about extending the growth and prosperity that trump's tax cuts have produced. in my opinion, all of them would kill our prosperity. but i digress. joe biden held up better than just the last time. julian castro looked overly

have a great day, everybody, varney & company begins right now, stuart, take it away.e consumed with trump hatred and launched just what the far-left wanted, they have never gotten over anger of losing 2016 election, in my opinion it may lose them the 2020 elections. a couple of questions, can anything get done with congress overwhelmed with impeachment investigations, usmca, drug price legislation, china trade deal, any of that gets done? where does all of leave

& company" stuart varney to weigh in good morning, stu. >> good morning, maria.th in a slowing economy that has been affected by uncertainty of china trade. number two, the participation rate went up nicely in fact, it is up a half point in the last year, doesn't sound like much but a lot of people pulled back into the labor force number three, the unemployment rate for black folks 5.5%, that is the lowest ever recorded. that is what i have got to say that is how i would wrap it up. >> we still have growth so that is an important point, everybody is so many people are talking about recession out there we've got a growing economy, albeit a slower growth story, markets have come off the highs stuart see you 10 minutes i know you have a lot more on a this this morning "varney & company" 9 a.m. earn top a of the hour join stavrt come up first the market has come in charles now looking rat rally but up 93 points. >> we are 2% off the all-time high you know, nim this to make money. okay? i think most viewers are in this to make money we can pontificate all the time the

brian: stuart varney looking forward to hearing you on your show.rful storm makes its way up the coast, we have live team coverage, people everywhere, you will see them coming up next. brian: tim scott from south carolina. he is the senator there we want to find out what is he doing to prepare. don't miss a minute. "fox & friends" two more hours. ♪ ♪ this is not just the flu. it's meningitis b... and you're not there to help. while meningitis b is uncommon... once symptoms appear, they can progress quickly and can be fatal... sometimes within 24 hours. before you send your teen to college... make sure you help protect them. talk to your teen's doctor... about meningitis b vaccination. welcome to fowler, indiana. one of the windiest places in america. and home to three bp wind farms. in the off-chance the wind ever stops blowing here... the lights can keep on shining. thanks to our natural gas. a smart partner to renewable energy. it's always ready when needed. or... not. at bp, we see possibilities everywhere. to help the world keep advancing. with

we brought in stuart varney host of varney and company on fox business and my take on fox nation.f recession talk and now not so much. what's going on. >> the media has been in a frenzy over a threat of recession. a threat over climate change, the kavanaugh smear. sharpie gate and impeachment whistleblower. brian: forgot three of them. >> that's how fast we move. in a frenzy over it all never a mention of the economy. never. it's all about this scandal or that scandal. and then this recession scare. that has completely receded into the distant future very distant future. steve: why. >> all these people were armchair pundits. they thought they knew a lot about the inverted yield curve and how that was really going to take us down before the election. they didn't know what they were talking about. absolutely didn't know what they were talking about. here you have all kinds of end carrots that we are growing very nicely. america's economy is still the best performer of any major economy in the world bar none. we are fully employed. we have no inflation. despite the attack on the saud

brian: here to discuss this stuart varney host of varney and company and the fox business network.harply. i think wall street and especially the banks have every right to be extremely concerned about a warren presidency. they should be concerned about what's called her accountable capitalism act. that is at the forefront of her economic policy. this is a disaster. this is the socialist takeover of american business. if this act were to go through, all companies would have to get a license, big companies, a license to do business. and if they get. brian: a license? >> a license. steve: they are already in business. >> they would have to approach the government for a license to do business. and if they get that license, they would have to conform to all kinds of new standards. brian: like what? >> for example, the profits from that business would no longer go to the shareholders, no. not all to the shareholders. some of the profits would have to go to the workforce, the community, customers, the local and global environment and community and social factors, whatever that may be. the

here to weigh in is stuart varney host of varney and company on the fox business network.> first of all senator elizabeth warren has a wealth tax proposal. if you are worth $50 million or more, you would pay a relt tax of 2% each and every year on your accumulated wealth. axios reports that bernie sanders has an even more aggressive wealth tax. in other words, he would take more than the 2% over 50 million that elizabeth warren would take. either way, they are rotten proposals. number one, there are brand new form of taxation and who needs that and number two, it assumes that the government will do more good with the money they take off you than those wealthy individuals can do with it themselves like create jobs, innovate in technology, put their money to work at different kind of ways. it's a rotten idea from top to bottom. brian: sit down with laptop wow that's a populist message let's blame the successful people for the struggles i'm feeling middle class and working class they say i like that idea. >> do you think it would do more good to take money off wealthy people

"varney & company" begins right now. stu, take it away. stuart: good morning, maria.estors and we are starting out this september with a selloff. look at this. the dow industrials are going to be down about 200 at the opening bell, about .75%. a smaller loss, but a loss nonetheless for the s&p and for the nasdaq. so what's going on? one word, tariffs. sunday, september 1st, as scheduled, the administration went ahead with more tariffs on more chinese products coming here. the worry is the same as always. consumers here pay more and economies around the world slow down. it's the headline driven market and whe

"varney & company" begins right now. stuart, take it away. stuart: good morning, maria.america and britain. prime minister boris johnson and president trump have agreed to conclude a deal by next july. it would be the largest free trade agreement that america has ever made with a single country. second, at the u.n. meeting of world leaders, japan and america are expected to announce a trade agreement which will cut japan's tariffs on american beef and pork. trade headlines can be a problem for the market. not today. stocks will open flat to

has a bold prediction about joe biden's 2020 bid, time to stick a fork in it as well as with stuart varney, busy 3 hours rob and jillian kicks off in 14 and a half minutes right now here in the channel y'all trust for morning news. rob: happy monday, steve. [laughter] rob: we will be right back. love it or hate it. it's intense. ♪upbeat musieverything was so fresh in the beginning. [sniff] ♪ dramatic music♪ but that plug quickly faded. ♪upbeat music luckily there's febreze plug. it cleans away odors and freshens for 1200 hours. [deep inhale] breathe happy with febreze plug. hey. you must be steven's phone. now you can know who's on your network and control who shouldn't be, only with xfinity xfi. simple. easy. awesome. rob: okay, welcome back, she's been the face of far-left democrats for some time now but alexandria ocasio-cortez does have a democratic primary challenger for her new york congressional seat coming up in 2020, the candidate khan say that aoc's message is not resinating in her district and she joins us live to talk to us this morning, thank you so much, are you running as de

"varney & company" begins right now. stuart: you have a great weekend, too. good morning, maria.ay to open our show but on this day three of the impeachment drive, the society of human resource management warns that the divisive political climate at work is going to get worse. the h.r. people say worker turnover is rising, in part because of political fights at work. the h.r. people have a problem. how do you manage an office when people are at each other's political throats? 60,000 inquiries this year on how to handle politics at work. now, i will say this.

ainsley: here is host of stuart and varney stuart varney.it includes national wealth registry. in other words, hey, you got to tell us, the government, what have you got and where is it? brian: it's called tax returns, isn't it. >> no, that doesn't include your wealth. there is nothing on your tax. that's about income. this is about wealth. there is nothing on your tax return about wealth. steve: they want the big picture. >> that's what they want. they are going after wealth. what you have accumulated over your lifetime. bernie sanders, if you hit $32 million, he will start taking 1% every year of your accumulated wealth. and if yo if you are worth 10 billion it goes up to 8% each and every year. ainsley: of your wealth not your income. >> of not your income it's your wealth. this is a brand new area of taxation. steve: in that intro it says bernie sanders would like there to be no billionaires. >> right. he is going against the billionaires. remember, please, he used to rant about the millionaires and billionaires. brian: now is he a milli

"varney & company" starting right now. david: breaking news. president trump getting ready to welcome the australian prime minister to the white house any moment now. blake burman is there. i understand there's going to be a state dinner. it's only the second time that's happened in this presidency, right? reporter: second time during the trump presidency, you're right. good morning. also the first time australia will have a state dinner here at the white house since 2006, dating back to the end of the george w. bush presidency, when he welcomed john brown. today, the guest of honor is scott morrison, the somewhat newly elected prime minister of australia, been in that role since last year. he's set to arrive here within seconds, we believe. you are looking live, left side of the screen there, south lawn of the white house as it's expected to be a roughly 30-minute or so presentation on the south lawn. all the pomp and circumstance you could want on what is a stunningly beautiful almost fall day here in washington, d.c. 500 members of the u.s.

shiller, we have had incredibly low interest rates, i always joke with stuart varney back in 1982, i think we got an interest rate of anywhere from 13% to 16% and thought i was getting a steal. now you can get a 30-year fixed rate mortgage for 3.5%. i mean, that surely should be a huge incentive to get in. >> well, it has been. you know, home prices are way up. in the latest, they are still going up in most places but at a lower rate. i think interest rates -- it's also helped to explain consumer consumption patterns. obviously it doesn't cost very much to borrow on your credit card relative to the past. but i think there's other factors that play into housing and housing is something, you know, upgrading your house is something you can always postpone. if you feel a little edgy about something, you might pull back a little. that's where we are now. it's still going up, though. home prices are still rising. ashley: explain, if you can, a little about your book, "narrative economics." maybe i have gotten the wrong but if we talk about a recession enough, it's a self-fulfilling prophes

korea dictator kim jong-un out of the shadows, sharing a bold prediction with me this morning on "varneyetween the u.s. and north korea. listen. >> one day, the doors are going to open with north korea and america and i still believe that one day, kim jong-un, donald trump will still be president and i think it's going to p ha in the next 18-24 months you'll see kim jong-un in washington d.c. david: wow what do you think about donald trump being re-elected do you think he should be? >> do we have a choice? david: do we have a choice? >> it's a lot of candidates out there right now, but i just think that people looking at the money factor the way he's changed a 180-degree. david: meanwhile south korea is warning that the situation in iran is distracting president trump from completing a nuclear deal with north korea, but is dennis rodman right about kim jong-un coming to washington to seal a deal? what do you think? >> david i'll tell you, unless kim jong-un has some frequent flier miles that he needs to use up, i really don't see this happening. that's true right so maybe a boat or somet

stuart varney is up next with "varney & company." stuart: let me second that to dick grasso.na special election. president trump had campaigned for him monday night and even the democrats admit that helped. more than that, the election was seen as a referendum on the president. the republican win is a plus for his 2020 campaign. that's not the only one, either. on the show today, we are following the census bureau report that shows poverty in retreat, incomes rising sharply, and big wins for women in the work force. the trump economy is looking good. w

tomorrow, "varney & company" will have the man leading the charge against google, texas attorney general ken paxton. join stuart and the gang at 9:00 a.m. eastern. >>> all right. look at this. i need you to look at 2019, overall it's been a very powerful year for stocks. the s&p zooming ahead by 18%. the nasdaq has spiked 21%. now take a look at how the s&p 500 compares to the ten-year treasury yield. we put this together for you to show that the s&p yield is around close to 2% while the ten-year yield is at 1.6%, lower, right? is this making stocks an exciting and easier choice for investors? even as progress in the u.s./china trade talks remains consistently inconsistent? phil, you first. >> absolutely. i will tell you another thing. traders are looking for alternatives, looking for yield in times of craziness and stocks are a lot better return than negative interest rate world. on top of that, you see big moves in other things like gold and silver because people are looking for yield. liz: all right. scott, what do you think? >> i think it's never that easy just to be able to buy equi

in for stuart varney, here is the big story for second day in a row, thousands of gm workers in linees, investors are also watching and waiting on action from the fed, begins a 2-day meeting later today, another rate cut is

neil: tax stuart varney. that is what they're all doing here. amazing, dump it on the rich. following on developments, trade back and forth, how many times you heard me say, you want to foe which way the markets go, get a headline what is happeni with the trade talks. more promisinghe look, earlier indications today were the chinese were bending and dodging. we're bending and dodging. we're making concessions. they're making concessions. we'll get into details of it. there are reports being disputed as well. they're trying to get things ironed out before they talk to one another very soon. it isn the details. right now good enough for 118 point gain in the dow jones industrials, which puts that not too far away from record territory. we can do that like this in this kind of market. blake burman at the white house to sort out rumors, everything here. bottom line, markets propelled own the belief, we're closer to something, setting a framework for something. i give it to you. reporter: neil, this is one of those days where you have to separate, put in one bin, what weigh know.

officials have not being willing to weigh in the details, talking to stuart varney, larry kudlow said the high-level discussions likely to take place in early october, specific date has yet to be nailed down, cuddly said that all the big sticking points that have the negotiations. >> the ip theft, the forced transfer of technology, the cyberspace, the clouds, financial services, all that will be on the table. >> meantime in china today, central bank amount of reserves, that's freeing up 900 billion yuan or $125 billion in liquidity inside that country, so move today from china, neil. neil: blake berman at the white house, thank you very much. we have been telling you about protests resuming in hong kong as we speak, a little after midnight in hong kong right now and protesters even though the chinese caved on the issue of extradition order demanding that that be stopped and that they thought protests would stop, they have not, host of other demands, i want to raise one right now with former ambassador to china, ambassador, you had -- last time we chatted talked about this is definitel

"varney & company" begins now. david: thank you very much. stuart is off today. i'm david asman. after the fed cut interest rates by just a quarter of a point. you will hear the sound. stocks reacting modestly to the rate cut. we are going to be up when the market opens in 30 minutes and i'm saying a lot of that has to do with some positive news about china talks. but there is one stock that's going to be down severely this morning and it's a big stock. u.s. steel. it gave a dismal outlook for its business due