Transcripts For FBC Varney Company 20171127

The president meets the Senate Finance committee today. Mcconnell, ryan kermit, schumer, pelosi tomorrow. He wants a win, so we repeat the question. Is it possible to republicans will say no . Dont answer that question. The Market Holding it right. The dow opens flat. At or close to alltime record highs. We will be paying close attention to amazon. The 100 billion network on friday. How many billions will he make or lose today . Well find out. Varney company about to begin. Stuart okay, not by the way with the beatles obviously love me do. Well done. That was the first pop song that hit the charts by the beatles back in 1962. Why would play in that . A picture tells the story number prince harry and megan markel. Theyve announced their engagement. Trade through the worst kept secret in the royal watch. They got engaged last month and will be married in the spring of next year. This is one of those things and has said he wants to begin a family and doesnt expect it, megan markel is 37 years old. Turned to older then him. Ashley says the divorcee, american of mixed race. Her mother is africanamerican. Both her and harry went to see the queen. She snuck in through a back door to meet the queen, has given her blessing. Everyone absolutely delighted. They were living at kensington palace, which is exactly where harry has lived his entire life. Trade usurious fifth in line for the throne. True throughout though hell be stick thin line when kate gives birth to his third child that he is going down the list. Stuart im glad we have this entertainment. Two guys with british accents time the stories. We shall move along. The weekend Online Shopping. 7. 9 billion in sales. That is up eight teen . The man who coined the expression retail outrage Bert Flickinger with the resource group. I say this is amazons ear. Case closed. The fox business premarket exceeded 1200 this year. Varney company prediction was 500. Made 700 a share going at 1250. You point something out here. Amazon right now is that 1200. It was at 1200 earlier. You said its going at 1250 . With the Royal Wedding and with Kate Middleton really setting fashion trends, that is great for retail. Yes commercial retail ice age with retail wreckage, now youve got a rebound in some of the wellcapitalized Department Store slide by Harvey Nichols in winning online as well. Stuart youve got to be kidding me. Fashion trends in the Royal Weddings will be great for retail worldwide. Jackie kennedy when the beatles released their first single and 62. Trendy scene in japan when they get a new emperor . Not as much. I want you to give me a big winner other than amazon and walmart for next year. One big winner you think. Tencent alibaba and the peoples republic of china and in the u. S. Will continue to be on fire. I went to press this point. I think america is beginning to look and feel differently because of the revolution for its Online Shopping. It is a cultural sea change. Completely correct. These cutprice discoveries that people are getting the best bargains online, instore or a combination of the two. Shoppers are motivated eclipsing 1300 announced today. People making more over time hence a retailer amazon and the rest of what survives online will do well. Ive never get the energy. Stuart thank you very much. Heres how we are going to open this morning. Dead flat is the proper word to use. We are about 450 points away from 24,000 on the dow. We will be checking in throughout the day. The merger deal of the day. Meredith has struck a deal to buy the magazine publisher time valued at 2. 8 billion. Meredith camargo Better Homes Gardens and a lot of others. The conservative Koch Brothers put in 650 million into this deal. They say they dont intend to have any input into times management or editorial policy. Well see how that turns out. Lets get to senator franken or congressman conyers will resign after allegations of Sexual Harassment. Conyers is stepping down as Ranking Member of the Judiciary Committee. James freeman, wall street journal editorial page kind of guide both democrats, both political supporters of women, the both are stating. Youre reading on both of them staying. Political supporters of women i dont know. Politicians prevent their visas for women and other people disagree. I think democrats have lost a big opportunity here in not having the sky step down. These are both species that they could have held onto that they are allowing themselves to become the party you are at least a party of Sexual Harassment and i think thats a mistake. Stuart you think it could hurt them down the road . If you look at Conyers Committee Ranking Member slot in the Judiciary Committee is nothing. Republicans control the house, the powers that the chairman. He has some privileges as Ranking Member. This is really not a sacrifice. Essentially they are going to status quo. On tuesday they would hold. They would have no political price, only upside of these guys would leave. Stuart just couldnt quite do it. President trump meets of the Senate Finance Committee Members today, and its a bit. Obvious question. Do you think we are going to get you are in the inside of these things. Editorial for the wall street journal to think i was going on. Are we getting a taxi of this year . Yes we are. This is going to have been the Republican Caucus in the senate is unified on the idf has to have been as far as the details i really cant see jeff flake as angry as he is saying no to the growth economics who supported his whole career. Bob corker has made a deal for trillion and a half dollars for tax cuts. I think ill stick to it than john mccain always the wild card. If he is assured that our defense spending is going to be robust, which i think it probably will become a more robust than i would like it to be, that you will see big spending there. He comes on board, too. Lisa murkowski from alaska says shes okay with getting rid of the obama mandate. What she got in return was a promise that we will drill refuge. Poser quid pro quo. I do not cause an exclusive quid pro quo. If we have cheap fuel for the economy and we are not relying on two supplies for school. Stuart if i asked the question is that possible republicans will turn this down and say no at the last minute, your answer is not out of the question out of the question, not going to happen. You may see joe manchin from West Virginia support the coal miners but the yes vote for the democratic side of the aisle as well. Nothing to base it on, but they will get it done. Actually no reason for optimism. We may have some video of this. We are talking bali now. Big volcano there could blow totally any moment. Spewing out a great deal of mark shall i call it. 100,000 people ordered to evacuate. The island is on high alert. A bit more and not one for you. The Consumer Financial protection bureau, top official dairy assuming. She says shes in charge and not the president s pick. Big states here. Judge napolitano back from one of his all too frequent vacations. Who is going to win this legal fire. How is this. Dire warning on killer robots from teslas elon musk. He says theres only a five for maybe 10 chance that we can prevent killer robots from wiping out humanity. Have a nice day. More varney after this. Stuart now, i spent a lot of time on the island of ali in indonesia and theres a volcano right there. They still talk about you. This volcano had a last eruption in 1963 showing signs that its about to explode again. Seismic activity basically ugly knob. Authorities say youve got to get away from this going out six miles. 40,000 people inoculated the within the danger zone a lot of them have livestock and they dont want to leave and are trying to find a way to get there animals out of the danger zone. This is an emergency situation. Stuart hotels . There is only one hotel when i was there called the bali beach hotel. 20,000 of them now. An official at the government consumer watchdog agencies doing President Trump to try to block bridget director Mick Mulvaney from taking control of the cfpb. Judge napolitano is here. Welcome mat, young man. Welcome back. Happy thanksgiving from one american to another. This legal dispute is not over, but it should be because mulvaney is in the chair and the lady sued on around back without the backing of the cfpb. The executive branch to administer the laws except that this is a horrible law, which provides that as soon as there is a vacancy in the position of director, the Deputy Director takes over because mr. Cordray, former director told them two months ago he was going to quit. They shouldve appointed a deputy immediately and not wait until he actually quit to get somebody in there. The statute is so bad here to ask me this. Can congress cut off the funding . Stuart i know the answer. They cannot. This is a creature unrecognized by the constitution that congress can only stop by rescinding it now takes 60 votes in the senate. Stuart theres going to be a legal standoff. But in the meantime, connecting direct or, Mick Mulvaney said in the chair right now, probably watching the show at home, i dont know the answer if you can make decisions. I would hope a federal judge would rule quickly and i would hope the fight does not come to pass, whether they sign the money or not. The federal treasury. Its a ground ball. Moving on. Look at this. Michael flynns legal team cuts ties with trumps lawyers quickly, would you read into that . That the agreement they had with trumps lawyers cannot be followed because general flynn wants to point a finger at someone. Only one person north of them on the totem pole not the president. What credible evidence of crime does general flynn held about the president . Bad news i would not say that at all. Stuart would you make of the Royal Wedding . A candle in the show is important that this is the Legal Community chooses god. I know i will hear from this is your producers chooses this has the lead story. Stuart is the most crabby and entertaining. Im happy when youre hot to you. I had lasagna on thanksgiving. Youre kidding. Did you think of me . I had a turkey. Stuart youre so american. Topping to buy a big stake in uber after dave paid hackers. Did they get a better deal therefore . More varney after this. Stuart meredith and time inc. Struck a deal to get together to point a billion dollars. The coat is putting 650 million but they say theyre not involved in the editorial of Time Magazine. What he think of that, James Freeman . Meredith is thrilled to have the money. The third time theyve tried to buy time. They finally can do it because of the financing. Is i think you look at those titles come in they could use a little koch influence, little libertarian spirit. Stuart i always think of left of center and the Koch Brothers are libertarians, conservatives on the other side of the fence. 650 million they are not going to touch the editorials. But they can still stuart no management influence, editorial influence. Time is a much Better Business back when it was an outward looking, forwardlooking patriotic publication which is how it was founded a century ago come astray from now with a much smaller business. Sports illustrated wants to make everything about politics. They have to reconsider whether the Koch Brothers might be a healthy influence here. Stuart one comments on softbank is supposed with billions of dollars into her. Last week they covered up by major hack by paying a bribe, and therefore getting a better price and better deal. They certainly wont want obviously the shares dont trade publicly. Its private. The valuation of 60 billion which happened before a lot of the bad news is obviously saying we want a better deal for buying from existing shareholders. Cooper is trying to basically maintain the nearly 70 billion value at least in perception even if softbank and the valuing roughly 50 when they buy. This is going to be hard for uber to maintain the 70 billion mark as they go forward here. Stuart will he find out what the price is . Do they have to be . I think we will find out, but obviously they probably prefer we didnt. Stuart it is monday morning and about fivepoint vitamins they will open the stock market. We will open ever so slightly higher. If the s p does open higher that will be a new record high. Same story with the nasdaq is that opens to the upside that will be a new record high. We will play very close attention to amazon. Early this morning we saw the amazon price go by at 1200 per share. That means its up about 15 from fridays close. On friday remembered amazon win upcoming jeff bezos became worth 100 billion goes up another 15 worth 101 billion. This is amazons day, amazon zero all over it. Back in a second. Hi, im mindy kearns. Its great to finally meet you. Nice to meet you too. Your parents have been talking about you for years. Sorry about that. Theyre all about me saving for a house, or starting a college fund for my son. Actually, i want to know what youre thinking. Have a seat. Knowing that the most important goals are yours. Multiplied by 14,000 Financial Advisors, its a big deal. And its how edward jones makes sense of investing. Do you have the coverage you need . 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Lets see how we go from here because it is 9 30 on a monday morning of running and where we go in . Lets rethink that. Now we are down one. Hold on. Now we are down for. I am not moving up the screen. There you go. Now we are up two points. 2. 5 points. The s p 500 is a new alltime high. 2602. Check the nasdaq. A new alltime high. Down 200. Stick with it. Leave it at that. Check the retailers. Where are we with their olive pit the bricks and mortar guys had a pretty good thanksgiving holiday. Walmart at 96, pennies up, 3 a share. Three dollars a share for jcpenney and sears, no change ratepayer. Im going to start with tax reform. Hold on a second could a second. The Online Shopper is amazon alltime high 1204 up another 1. 5 . That means base those is worth 102 billion as we speak. Ebay up overstock. Com wayfarer, i9 shopping, bricks and mortar up all across the board. Now, tax reform. Lets get to it. President trump meets the finance Committee Members today. Does that mean well get it deal fast . Ashley webster, lauren simonetti. Good to have you with us this morning. This is for you. If we get attacked deal this year, do you buy on the news were to use on the news . First of all, anyone who doesnt believe this is our third and is deluding themselves. The fact is people have given this in effect give, incompetent congress too much credit. They are to believe its going to happen in my opinion from day one is it could not happen in time and we have to flip the script here and realize that if it doesnt happen or if they start this infighting, the market is going to reverse because the whole america is contingent on what the ineffective government does. Ashley jpmorgan said they believe its an 8 boost if and when tax cuts are approved. 3 as our debate into the market. Another 5 yet to come. Most people say the hope for tax reform is not baked into the market. Do you say it is. Drink you can answer the question whether you like it or not. Get a tax deal this year, signed, sealed delivered this year. You buy more than news or do you sell . Islet cells. Stuart your mom is watching. Quite an answer right there. You want to take this up if we get a tax deal. Im asking anyway. A tax deal done this year, do you buy or do you sell on it . On the longterm investor in the u. S. And them doing more. Having said that, you get some corrections along the way. These are not cheap stocks. We are trading high relative to earnings. I would say im increasingly bullish about the united states. If youre asking me is the market going to run off within a few weeks. Stuart im asking you to answer the question. Signed, sealed, delivered. Buy it or sell it. I dont sell. By. You have to remember the plan. If you believe the Corporate Tax cut in middleclass tax guide gives you bigger Economic Growth you start to see the economy growing faster. A lot of people can real the 401 k as our january the first. You can say a lot more allegations was docs or bonds or cash. You can do that kind of thing. Ashley the Global Economy is growing. Listen, and this is a windfall for small businesses. Im an advocate for all business, boy of the market 50 of the game has come from five stocks. Five great stocks, but five stocks then i totally realize five stocks cannot continue to drive the market and to realize that yes, we need tax cuts, but theres a difference between the economy and the market and thats where investors get confused and if they dont nurture realized the economy couldnt prove and does not have to keep going up. I do want to draw your attention to amazon on the screen. 1212 per share as we speak. Amazon running away with it. Listen to this. Adobe say that consumers spent 7. 9 billion black friday and thanksgiving or two days. I believe thats a record. Weve seen a cultural shift to online and away from bricks and mortar. I dont think you can doubt that. This is online selling. The National Retail federation for the first time this year is official more people will shop online and in a brick and mortars and last year on black friday when they sold 740 items per sack in a mature brickandmortar how do you compete with that . I still think amazon is the story of the day. The stock is at an alltime high. 1212 a share. Jeff bezos is now worth 102 billion. Do you have any comment on amazon . First of all i think he is a luminary and the fact is every day is black friday to jeff bezos. Hes made about 32, 34 billion alone. Im going to say that from a lot of people are going to object to this. Jeff bezos is getting to the caliber of what steve jobs was and he is going to take retail to another level when alexei reaches its full impact, it is going to be amazing. Stuart let me check or his negative pr and amazon how the workers are being treated working 55 hours a day, sleeping standing up. They have pictures of. There could be some negative pr. Stuart they are 25 today. Just to a big board indeed dead fly. We are down just one point. 23,556. A price for tesla 150,000 miles if you buy. Ashley 150,000. Stuart 150,000. 150,000 bucks is the price. Hes got a 500mile range, 180,000 is your price. Netflix house of cards with cast members and crew it hopes to resume production soon. Netflix cut ties with passive cars stars after Sexual Harassment. Down a fraction this morning. Disneys pixar makes cocoa, the big movie over the weekend brought in 71 million that i can safely report three of my grandchildren saw it and absolutely loved it. They were trance fixated. You dont have any grandchildren yet do you . Could not get as far as i know. I have not seen cocoa, but i will say the animated film of the decade as storks. So if you have little incentive not seen now one company need to get that on video. Stuart that just came out of nowhere. There are not many opportunities i have the comment you when i saw that i had to swing at it. Traded to the show today has a friday field. Not a monday morning field. Jeff sica is here. Serious subject. New record for gun background checks. More than 203,000 background checks requested. That doesnt necessarily equate to gun sales, but it has a direct relationship with applications of the number of sales bid would you say to that . Maybe not ironic, maybe predictable, but areas where people are concerned about additional gun regulations tends to be good for gun makers could stock up before they get restart it. Trendy this came days after Jeff Sessions said he was going to review the whole system because the shooter in the texas church managed to get through a background check because they failed. Stuart any news that implies its harder to get to buy a gun means gun sales go up. Get them while you can. More today, but also one background check covers more than one weapon and so the numbers are even bigger. Stuart bases have trouble processing credit cards in his store on friday. Very heavy volume did the trick. The problem been resolved. This is not helping stores. You cant give them your money. You think your system would be ready for it. This is the reason you should strike up the organ for macys for them to blow it on black friday after all the blunders they have the last year is just complete me, completely uncalled for and deserved. Stuart im not doing it. Thank you very much for coming in on a monday morning. And you, james. Thank you very much. Check the big board. Now up 10 points, 23,566. The archbishop of canterbury and the church of england to the anglican communion says he has no idea what evangelical christians in america would support President Trump. He is battled by it. We will have to do some explaining. Sarah Huckabee Sanders tweaked a picture of the pie she baked for thanksgiving. One White House Reporter wants photographic proof that huckabee actually baked a pie. Is that a joke . Stuart thats not a joke. Mike huckabee, father to sarah Huckabee Sanders, did he eat this tide . A friday field to the show. Train to return higher, not that much up to 19point spirit 23,576. The s p 500 hit another alltime high. Ge on the screen. Nvidia is teaming up with General Electric to bring Artificial Intelligence to hospitals. An interesting combination. Artificial intelligence just for you to make your experience better improvements for health care for people in this is going to be with the scans. Which will be two times faster. Talking about this collaboration pushing Artificial Intelligence pain every radiologist will have Artificial Intelligence, machine learning, it will become a necessity for every radiologist to make your experience better all happening at the 103rd Radiology Society of north america. Stuart interesting choice. They are getting together. Thank you indeed. President trump treating about tax cuts moments ago. The tax cut bill is coming along well. Great support. Just a few changes. The middle class producers get even more in actual dollars in savings in the passthrough provision becomes simpler and really works well. Very long sentence. Nonetheless, thats what he just said. Archbishop of canterbury, and whatever you call it there. He is baffled by christians who backed President Trump. Joining us is colonel ralph peters. Normally i bring you stories about diplomacy with the military. Here we have an example of the leader of the Anglican Community revealing just the contempt he and other europeans have for our president. Im astonished by this. The archbishop says hes met with worse people than the president of the united states. Thats a disgrace. Would you say . Well, over over thanksgiving comes to recover your family gathering, most regular church attendees, this topic came up the idea of how can evangelicals come in the archbishop was talking about how can they support trump and we couldnt answer because evangelical christians are supposed to stand for morality, virtue, integrity, honesty, social order and its hard to reconcile that. Although he went a bit too far come in the archbishop of canterbury, look at the orders. The roy moore issue, when jesus said entrance supports roy moore. He managed a little differently than the way moore did. The only time he gets angry and loses his temper is with trumps cabinet. Stuart im not debating the christianity of it, the theology of it. Im simply using this as an example of how europeans absolutely detest President Trump. Its not just the archbishop of canterbury. This is widespread throughout europe. Abject total contempt. A quick story. I called my older brother in england right around thanksgiving. He picks up the phone, recognizes my voice and says what are you doing . The President Trump is quoting you, tweeting about you by name and im catching for it over here in england. There is an example about that over there as contempt for us over here and i dont like it and i dont think its justified. I certainly agree the europeans have a bright buying contempt but im speaking theologically because thats what the archbishop of canterbury does. It is very difficult to understand how fundamentalist christians can support a President Trump. Im answering the questions you asked in nonsense. It is beyond the pale. I do need a comment from you on the 300 dead in the cyan i moscow was bombed and attacked by isis. 27 children included there. What is your take on this . It was an attack on all civilization. Anyone who thinks muslims killing muslims, we should be every bit as outraged as if it was an attack on the church or synagogue. By the way, it was an attack on the sufi muslims. We in the media do an inaccurate job of explaining to people how various islam can be. Even the musicians, the most tolerant members to the hardcore wahhabis in saudi arabia to al qaeda twoway says, they are heretics because of their tolerant, because of their idea of a Spiritual Union with god as opposed to the public square. On so many levels, this attack i cant call it that so because the animals dont behave as badly. It was a savage attack on the fundamental meaning of humanity. Stuart well said. By the way, a former previous archbishop of canterbury who said there was room for sharia law in britain. It was kind of loopy. Stuart well see you again soon. Check it out because we are now moving nicely higher thank you indeed. Winners beat losers and we are up i think we are up 38 points. 39 points. Im looking at amazon at 40. The dallas had 39 points. Ge leading the way. A holiday hack warning. Cybercriminals setting up phony social media count. And how to avoid the two. I need to get back on track with my plan. The Financial Advisor was able to work with this client. Hes now on track to retire when hes 65. Having someone coach you through it is really the value of a Financial Advisor. Trantor next guest is tired beware. Imitation social media point for the monday black friday. James foster is what it does with social Media Security firm zero fox and he goes by the name of foster. Thats what you prefer. An ordinary guy of plug in my laptop. How do i stop a fraud . Its really, really difficult. If you spot it, they have failed. So it is a nod to contact me. I search for something. The article comes at me from a fake, bogus website. Thats right. Try and sell you a fake coupon. That is really taken off this past year. They know at july, the products elected they will sell you a coupon for 100 off for 20. Of course you would die back. Many try to use it and it doesnt work. Train to you identify these fraudsters are than what he do . We hope the businesses keep their sales legitimate online. Chewing into if i go to zero fox. Com. Im giving you a great commercial. I go on there and i see if this offer, which i just had command is legit. Thats how it works . Do i pay you anything . I hope so. We protect businesses and individuals. Come and find out the nature they are protect data mining in protect businesses to make sure that their business and brand is kept intact on cybermonday. Thats really important. You mentioned 7. 9 billion have been sold as giving the black friday. We had six points 6 billion today that should shatter the u. S. Record. Trade 20 fox. Com when i find that if i mean fraudulently taken care of. Thanks for joining us. I have a warning for everyone from nfl kneelers to the gop leadership. Dont bite the hand that feeds you. That is my take coming up for you. Plus, sarah Huckabee Sanders make this pie to escaping. The media doesnt believe her. We will ask for. If that was a factor bacon eaten at the huckabee family thanksgiving. Hour two of varney in two minutes away. At fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. Stuart dont bite the hand that feeds you. Dont do it. It may feel booed to get a little discontent off your chest but it is a bad strategy long term. For example, those nfl players that take the knee. It has been going on all season. The results are not good for anyone. Football fans feel they have been bitten by a political protests and as the protests wind down the players left with a sport i think now in decline. They bit the hand. Another example, the republican party, voters fed it lavishly. They behave it the house, the senate and white house. Having fed the party and they fed back failing to stop obamacare. They had bitten the hand that fed them. Here is another example. Some republican senators are maybing noises about rejecting tax cuts because they dont like President Trump. Senators flake and corker have publicly feuded with the president. So has senator mccain. Are they about to bite voters hands for personal reasons . If they kill tax cuts they are killing the president s growth agenda and really hurting the country. That would be biting the hand that feeds them. Not good. Watch out. The president s Approval Rating is going up. Of the handbiters, they want to rethink their strategy. The second hour of Varney Company is about to begin. Stuart all right, realtors, heads up, we got news on new home sales. Ashley another good number. A blowout number for september and october, annualized rate coming in 685,000, much better than expected. Up 6 from the previous month and yearoveryear up nearly 19 . By the way the average price of a new home in the u. S. Was 312,000. That too is up 10,000. Tight inventory, lots of demand. That is what were seeing in the Housing Market but that is a very good number. Stuart up 19 yearoveryear. That is the number to focus on. Were up about 43, 45 points when the news broke. No impact on the market at this point. However, look at big tech stocks, in particular, please look at amazon. 1207 per share. Thats up 21. It hit record high earlier this morning at 12 30 teen. We have sears, theyre trying very hard to up their game. Offering free Home Delivery for online orders up to 399. The stock is still in the 3 range. Macys, a big credit card glitch on friday of all days. That is not helping. The stock is down 1. 3 . A big publishing deal to tell you about. Meredith buying time inc. There is Koch Brothers money involved, they say they will not have impact on editorial policy well see about that. Now this, senator al franken, congressman john conyers both say they will not resign and that amid sexual harrassment allegations. Harlan hill, trump for president advisory board. Harlan, if i say this is double standard, what do you say . Well it absolutely is. Its a double standard in the medias coverage of this, and democrats reaction has not been equal, not equivalent, not approximate to coverage of republicans in similar situations. And but ultimately im not even calling for senator al franken to resign or anybody else in the democratic side to resign. If they feel like is appropriate, fine. Ultimately should be left up to Law Enforcement, if they broke the law, let the law handle it. If the voters feel like they should design, let voters clamor for it. Let voters fire for them. I have to be consistent too. I feel ultimately what i really care about is not the national enquirerstyle political reporting that weve seen you know just permeate the Mainstream Media for the last few years. Im focused on results. Show me results. If your personal liabilities get in the way, voters will handle it. Stuart i think that is very good thing. Now in alabama, that is what is happening. Voters will take care of this, regardless what President Trump, democrats or anybody else has to say. Voters of alabama who will take care of this may be a problem. Absolutely. We dont know what the truth is in alabama. I dont like the way it sounds. I think there are credible allegations here but ultimately im not a citizen of alabama. I dont have the right to cast a ballot in this coming election. If people feel like set best representation, the best path forward they have, fine. Fine. Stuart okay. If something more comes out and if allegations are substantiated bense senator moore, he can resign later. Stuart thats right. Let Law Enforcement take care of it. If law is are broken and let voters take care of. That is not what democrats want. They want to rig this thing. Trop this at the last minute. They have known this for a while t was nuclear bomb to try to drop on the election. That is what the Washington Post did. It is disgusting. They knew about this a long time ago, why wait until the last minute to drop this on the campaign. Stuart what do you think of the Royal Wedding . Im digressing. My editorial, top of the hour. Im saying the nfl, the gop, i say they are biting the hand that feeds them. Using an allegory there. I think i have a point. I dont think this is a good strategy. It is not working. It is not. Nfl players are used to eight years of obama. Obama wanted to take a knee in the rose garden. No doubt in my mind he wanted to sympathize with the nfl players. So, you know, there have been a little bit surprised by this they didnt think there would be a president in the white house, would have the guts to take on the nfl. And win. Stuart do you think he has won . I think he has won. This will be on the ballot more or less, in 2020. This cultural war question. Do you stand for the flag or not . I do commercials all over the country for different candidates, i am putting it in ads. This will be important Inflection Point in races in 2018 and 20 to. Do you stand for the flag or not. That is what were putting on the ballot. Stuart you revealed your strategy. It is no secret. But helps when you have opponents that will not stand for the flag. Stuart fair point. Stay there, harlan, for one second please. I want to get to the tax deal. The senate could vote on a tax reform deal sometime this week. Could be this week. One of the big selling points is Economic Growth. How much growth will we get . Ed fullner, Heritage Foundation president. If we get the deal done, we know rough outlines of it, roughly we know what it will contain, will we get a boom next year, an economic boom . Absolutely, stuart. The economy, i think will be growing at 4 plus next year because of the basics in this tax plan whether you look at Senate Version or the house version. Youve got fulltime expensing of everything. Youre closing loopholes and youre lowering the corporate rate. So you have got three components right there that will give us opportunities for much more growth, better job for real americans. Stuart youre using the word boom deliberately. You see 4 growth next year. Thats a big jump look were at 3 now. Youre talking 4 next year, say one year from now . That is a very significant jump for the economy. Oh, it really will be, stuart. I believe, very, heartfelt and it also means these projected deficits from the joint committee on taxation are basically going to be taken care of because the economy is going to be that much bigger. Im very optimistic where were going. I hope that the senate has got enough courage to carry on and fet their bill out later this week. Stuart what the big thing that the trump base wants is Economic Growth, yes, but that that filters down to higher wages for working people. Will that happen . Absolutely, it is going to happen. Were already seeing with Donald Trumps elimination of regulations across the economy, were seeing tight labor markets in different places. How do you deal with a tight labor market . , you raise wages. That never happened under eight years under obama. It is starting to happen under trump. With a booming economy it will happen more. Wages go up. You have higher employment rate. Im generally optimistic. I feel good about getting it done this year. Stuart President Trump has lunch with the Senate Finance Committee Members today. Meets with leadership tomorrow. That is the big four tomorrow. Do you think republicans in the senate will come through yes, well agree on this deal and get it signed, sealed and delivered this year . Are you real firm on that . I really am, stuart. One of the key players to keep your eye on right now, of course it has been senator orrin hatch, our old friend from utah, but it will senator mike enzi from wyoming who is chairman of the Budget Committee and the Budget Committee has to vote tomorrow in terms of whether the resolution coming forward will be the right one or not and in the Budget Committee its a very narrow margin. It is 12 republicans and 11 democrats. The Ranking Member from democrats is Bernie Sanders. You know you will not get support from the democrats. Budget Committee Vote will be very critical. Late this week, senate on thursday or friday will have its critical vote. It is back to conference and President Trump will give us a great Christmas Present with a tax bill in law. Stuart we should interview you every single monday morning because you always put news a great mood. You forecast economic boom and great Christmas Present with tax cuts this year. Good stuff, ed fullner, come back anytime you like. Thanks, stuart. Stuart much obliged. The media wouldnt accept that White House Press secretary sarah Huckabee Sanders baked this chocolate pecan pie for thanksgiving. They dont believe her. A picture after pie this weekend, her dad Mike Huckabee sets the record straight later this hour. Did he eat it . Did he bake it. Ashley inquiring mind want to know. Stuart bake it and they will come but not the media. Well see dow 24,000 by christmas . Veteran market watcher jim rogers will give us his prediction. Congratulationses are in order. Prince harry officially engaged to meghan markle. This is the video of first appearance after the announcement. She is american actress. Not to mention a divorcee. Markel will speak about how she love as great love story. Approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by Unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement insurance plans, they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. Youve learned that taking informed steps along the way really makes a difference later. Thats what it means to go long™. Call now and request this free decision guide. Its full of information on medicare and the range of aarp Medicare Supplement plans to choose from based on your needs and budget. All plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. Unitedhealthcare Insurance Company has over thirty Years Experience and the commitment to roll along with you, keeping you on course. So call now and discover how an aarp Medicare Supplement plan could go long™ for you. These are the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Stuart look at that. Were up 54 points. That means the dow, s p, nasdaq all of them, reached alltime record highs this morning. Were less than 400 points away from 24,000. The price of gold this morning . Did we hit 1300 . We did. Backed off a bit. That is where he are, 1298 an ounce. It did hit 1300 earlier. Price of oil. We dropped down a buck 20. 57. 75 right now. There is news on softbank and uber. Softbank wants to go ahead and buy billions of dollars of uber stock this week, remember however, uber kept quiet about the huge data breach. In fact they paid a bribe to try to cover it up. Ashley they did. Stuart does that affect the price softbank will pay . Ashley it could. The uber stumbled from scandal to scandal, yes, absolutely. They would like this think of themselves valued around 70 billion. Uber, softbank, leading a group of investors will probably say no. This is closer to 50 billion. The question, how low do they go and what will be accepted and what wont . If they make a low ball offer and uber investors say no, they could come back later and with slightly higher done. Uber needs it done. They need the cash infusion. Stuart they do. Ashley scandals dont help. Apparently softbank knew about the data hack a month ago so it has been calculated in their offer. The question, will we know how much they come in for . Stuart theyre calculating their legal liability. Ashley of course exbecause somebody will sue uber for the release of this data. Ashley 57 Million Peoples information. Stuart sounds like a classaction suit. What is the cost of that . That comes off softbanks buying price. Convoluted but essentially uber has had terrible pr. Ashley it is. Stuart it is cyber monday so they call it. Estimated 6. 6 billion is expected to be spent online today. Deirdre bolton look where she sis, an Amazon Fulfillment Center in in new jersey. How is it going . Tell me how it is going. Im fascinating. Reporter honestly, stuart, it is amazing. I want to show you here, this is the last stop before the bridge. These are you will at packages. You see this red scanner. This is the last place these boxes get checked off. The caravan will pan around show you the Conveyor Belt. Stuart, sizewise, this place is huge. 1. 2 million square feet. If you put that in cubic space, the equivalent of 59 football fields. What you are seeing here with these boxes, these little yellow units are just shoving the boxes down into the appropriate dock door. Next step out, you will see some packages, they are being pushed along. This is where the trucks back into the loading docks. You mentioned this figure, this 6. 6 billion figure. If americans spend that today, that is going to be a record, 16 1 2 increase over last years spending. We all know the reasons why. Technology is getting better. It is easier to shop. It is easier to shop from your desktop, your tablet. It is easier to shop from your phone this is driving a lot of sales. Here, this place is phenomenal. They are hiring, i should mention 120,000 workers, stuart across 75 centers just like this across the country. 120,000 Seasonal Workers only. We spoke with a few of them with very interesting stories. Some are former teachers. Mean time, stuart, back to you. Stuart that is the moss fascinating report of the day, the sheer size of where you are, deirdre, it is extraordinary stuff. Ashley almost mesmerizing. Stuart it is, it is. Mesmerizing seeing packages. Ashley i could watch it all day. Stuart deirdre, you will be back real soon on this show i hope. Another alltime high for the dow. For the benefit of our radio listeners, were up 69 points. 23,627. Looks like there is no stopping the rally. Check the 401 k , smile, people. We have got good news. I can do more to lower my a1c. Because my body can still make its own insulin. And i take trulicity once a week to activate my body to release it, like its supposed to. Trulicity is not insulin. It comes in a onceweekly, truly easytouse pen. The pen where you dont have to see or handle a needle. And it works 24 7. Trulicity is a onceweekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. It should not be the first medicine to treat diabetes, or for people with type 1 diabetes or diabetic ketoacidosis. Do not take trulicity if you have a personal or Family History of medullary thyroid cancer, if you have multiple endocrine neoplasia syndrome type 2, or if youre allergic to trulicity. Stop trulicity and call your doctor right away if you have a lump or swelling in your neck, severe stomach pain, or symptoms like itching, rash, or trouble breathing. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. Some side effects can lead to dehydration, which may worsen kidney problems. To help lower my a1c i choose trulicity to activate my within. Ask your doctor if onceweekly trulicity is right for you. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Or a little internet machine . [ phone rings ] it makes you wonder. Shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. Choose by the gig or unlimited. And ask how to get a 200 prepaid card when you buy any new samsung device with Xfinity Mobile. A new kind of network designed to save you money. Click, call or visit today. Stuart this may be why the markets suddenly moved up a notch or two. Here it is. A headline on foxnews. Com from senator rand paul. The title is, heres why i plan to vote for the Senate Tax Bill and my colleagues should step up. I think that is a big deal, ashley. Ashley it is. Im reading what he put here. He says look, this bill is not perfect. I prefer a larger cut. I wish house and Senate Versions were closer together and keep some form of local state Tax Deductions but overall this is a good step forward. We can do better. We will try to. We need to get this approved by end of the year. Stuart he came out with it. He is a yes. That is important. Ashley positive yes. Stuart i think that is why the market has gone up a little bit the last few minutes now. Now, jim rogers, Rogers Holding chair, jim is joining us via skype, i believe. Is this, i want to know, if we do get a tax cut deal, will you be buying more stock or will you sell on the news that weve got a deal . Well, it looks like theres a blowout in place, you know. It often happens in markets, every 10, 20, 30 years we have them. We may be having now. Stuart, i would buy japan if this happens. Japanese markets are down 50 from alltime high. Chinese stocks are 40 . I would rather buy low instead of buying high. Stuart thats fine but most of our viewers are going to be investing in america or no place else. Would you, do you think what is your judgment here . Are we at the point where were going to straight up, blowout . Stuart, all americans, especially those watching fox can buy japanese shares. Theyre listed on new york stock exchange, chinese shares. Im just saying theyre cheaper on historic basis than u. S. Shares. If u. S. Shares are going to double from here, say to make it up, that means japan is going to double too. I would just rather buy the cheap ones. Looks like were in the state worldwide where stocks everywhere will be going up a lot. Stuart we got 20 trading days between now and christmas. Do you think the dow will hit 24,000 by then . Stuart, you should watch fox business news. They know a lot more than i do. Im the worst shortterm trader in the world. Im the short markettimer in the world. Watch fox news. Stuart thank you very much indeed for that little plug, jim. Well take it. Let me ask you a longerterm question. Do we hit 25,000 one year from now . Oh i suspect well hit more new highs, which will surprise everybody, including me, but next year at this time stocks will be down. Stuart okay. Cleancut answer. One last one. Bitcoin, it went up by 1000 in just a few days. I think the current price is 9700 if im not mistaken. Is that a bubble . Well, if you just showed me charts and showed me what happened in that market over past year or two, didnt tell me what it was, i would say stuart, this looks like every bubble i ever read about. I dont own any bitcoin. I never bought or sold. Im not a good one to ask but sure looks like the picture of every bubble ive seen. Stuart gotcha. Jim rogers, im sorry we had problem with the skype and audio. But you came through and appreciate you being with us. My pleasure. Byebye. Stuart the big winner of the day is amazon. Now what youre watching of course is a bricks and mortar store for the black friday but its amazon and its walmart. Theyre two big retailers neckandneck here. Who else will be very successful in the retail area . One of our retail watchers has what im going to call a surprising pick. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. Ashley put you in a good mood. Stuart they try. The dow is up 63 points. Took another leg up after senator rand paul wrote on foxnews. Com he is going to vote for, tax cuts. Look at the big tech names. In particular look at amazon, now up 23. 1209 a share. All the big techs are up except apple which is down 29 cents. Nvidia and General Electric teaming up on Artificial Intelligence. Nvidias a1 technology will help, ai, im sorry, help speed up medical image processing. Got that. We have a price for teslas new semitruck, the allelectric truck. 150,000 bucks if it comes with a 300mile range. 1 0,000 if it comes with a 500mile range. Ses la tesla is down today. White House Press Secretary sarah Huckabee Sanders took flak for a pie she said she baked. The media says, prove it. Howard kurtz, mediabuzz. I like to come to you with stories of substance. Now i find, is the media really do this, prove it, you didnt bake that . Did they do that . White house correspondent april ryan did indeed question the authenticity of the pie on twitter with humor. This leave as sour taste. Im for aggressively covering the white house, challenging the press secretary, arkansasborn sarah Huckabee Sanders when she bake ad pie. She insists that is her pie. Stuart that is ridiculous, flatout ridiculous, when you start questioning who baked the pie Sarah Sanders said she baked. I have to move on before i explode. The president is feuding with Time Magazine over person of the year. Here is what the president , said i was probably going to be named man person of the year like last year, i would have to agree to interview, major photo shoot. I said probably is no good. Took a pass anyway. Time responded the president is incorrect about how we choose a person of the year. Time does not comment on our choice until publication which is december the 6th. My head is spinning, howard. Sort me out. What is going on here . First of all time says it is incorrect what is exactly incorrect that was a vague nondenial, denial. People saying did President Trump make this up or trying to save face. Remember he was times person of year last year. He might have biggest impact on the world and world of news, obviously would be a i had looking candidate. Time is not going to give it to him two years in a row, doesnt mean there wasnt a phone call because time routinely in advance calls people, finalists. They want photo shoots and want interviews. That may well have happened here. Stuart i suspect the president knew he wasnt going to be chosen, so preempted that choice. I think it had preemptive air to it. By the way this, is great news for time. Everyone is talking about this. It is such outdated ritual. A lot of good publicity. Time, inc. Sold this morning to the Meredith Magazine company. It has bigger things to worry about. Stuart im sure you knew the story. 650 million. Koch brothers. Stuart came from the Koch Brothers. They issued a state, well not have the person on the board, not meddle with management, not mess around with editorial. I dont believe it. Why would conservatives buy Time Magazine if it wasnt to change the editorial . 650 million is a lost dollars not to have any say at all. So well have to wait and see whether it changes the editorial tone of not just time but People Magazine and sports illustrated. Stuart youre not supposed to say that we have to wait and see. Only time will tell. Not supposed to say that, howard. You know that im telling you. A little ducking there. Stuart howard, thanks for joining us on this monday morning. See you again soon. Now this, former National Security advisor Michael Flynn has cut tries ties with trums lawyer. There is speculation he will make a deal with robert mueller. Corey lewandoski, former Trump Campaign manager. What does all this mean . Is the president it any danger here . I dont think the president is in any danger with sorry. What youre seeing potentially, im not a attorney, i wont give legal advice if mike flynn didnt fill out paperwork properly with relationship with foreign government, didnt disclose he would be working as foreign agent, that is what i think the Mueller Investigation is looking into. That has nothing to do with the donald trump or administration, whatsoever. Stuart if that is what it comes down to, that is very weak indeed, just who signed paperwork, when, how with which pen, that is not impeachment deal, is it . Well, has nothing to do with the president. Again, if mike flynn didnt fill out paperwork properly or didnt disclose properly he was being paid by a foreign government, again that has nothing to do with the president t has nothing to do with how the president ran the campaign what he is doing in office, how he is getting economy doing again. That is the fault of mike flynn if that is what theyre actually looking at. Mikes decision and his attorneys decision not to continue to communicate with the white house is a legal decision that they have made for whatever reason. But i think it is all about a paperwork issue. Stuart President Trump, still backing roy moore, Alabama Senate candidate accused of sexual misconduct. It looks like this is going to come down to the decision made by the voters of alabama. That is what a lot of people want. What say you . I agree 100 . Look the people of alabama are very smart. And they can decide if they want to have a Big Government liberal with jones or they want to have a small government conservative. They can decide if they want someone who will support the president s agenda, includes passing tax cuts, getting repeal and replace done, getting transportation infrastructure bill done, building a wall, if that the is case they have only one candidate in the race that supports that agenda. You know what . The people of alabama are going to decide in two weeks who they vote for. With a very, very small margin in the u. S. Senate, the people of alabama know that they want the president s agenda to move forward and not the Chuck Schumer agenda. So my guess is roy moore will win the election in couple weeks. Stuart what about the statement by senator rand paul writing on foxnews. Com where he says here is why i am going to vote for the tax deal. I say that is very good news for the senate in getting something done. What say you . I agree with you. As you know the president is going up to have lunch with members of the u. S. Senate tomorrow to try to finalize anything that is laying out there to get this bill done. I feel, very, very good, that the president is 100 engaged in this. He will get the tax bill done. You know how the market reacts when people get tax cuts. Were going through the roof. Were seeing that today. Rand pauls statement is a big part of it. There are only a few senators left on margins here that i think president will have opportunity to bring them along with mike pence to get the bill done, which is right thing for the American People before the end of the year. Stuart corey lewandoski, on monday morning. Thank you very much as always. Much obliged. Thank you. Stuart i want to get back to retail which is clearly the biggest story of this particular day. Who can keep up with amazon on the online side and walmart on the bricks and mortar side . Come on in christian mcgoon, run as etf. Electronically traded fund, called amplify and joining us right now. Christian, amazon is dominating online and walmart doing very well in bricks and mortar. They are two leading retailers. Who would you say the upandcomer we should watch out for . Theres a few companies, stuart. Overstock. Com is one that jumps out in my mind. Theyre involved not only selling discount merchandise but doing things with cryptocurrency. Also overseas alibaba is big one to keep an eye on. Well probably do 6 or 7 billion today. Alibaba on their singles day on november 11th, did 24 billion sales in china. That is something to keep an eye on. Probably a threat to amazon and walmart in the long term. Stuart christian, is alibaba one of the companies that your etf invests in . I know all you do is invest in companies, have this umbrella organization. You only invest in companies, big in online selling. Do you own alibaba within your etf . We do, stuart. It is one of the Top Performing companies weve had in the etf. Outperforming amazon this year. That is sergeant etf owns. Owns companies not only in the u. S. , Online Retail leaders, but overseas. In this case, china. Stuart straighten me out here, can i go to alibabas website here in america, me in america, go to the website, buy something on alibaba, can i do that . It would have to be shipped to me from china, wouldnt isnt. Yeah. It is not the most convenient. Alibaba is working with a lot of brands here in the u. S. , several hundred are now part of the alibaba platform but for most shoppers it will much easier to go to amazons or walmarts website. That is something they developed. That is something alibaba would have to overcome. The interesting thing, alibaba, their market in china is so much larger than u. S. , they have 80 share of online sales. For example, amazon the leader has only 40 of u. S. Online sales. Stuart alibaba is king, queen, Everything Else combined, emperor of the chinese Online Market . They totally dominate, that sounds like the case . Thats right. Yeah, really alibaba and another Company Called jd. Com, that has remaining 20 of the market share. So, you know, some of these companies have good connections with governments in the emerging markets. Alibaba is very friendly with the chinese government. That led unbelievable market share, close to 80 of all online purchases. Stuart what is unbelievable to us, christian, that is the performance of amazon, not just number of items theyre selling, speed which theyre selling but that stock price. It is up 1200 a share as of this morning. What a performance. Christian, im out of time. Thanks very much indeed joining us on this cyber monday. Your etf is very appropriate for today. Thank you very much, christian. Disney dominating the holiday scene, pixars coco brought in 170 million bucks. Justice league, with gal gadot, with a t on the gadot, sliding to second with 60 million. My grandchildren loved coco. Case closed. Media will question anything the administration says, whether sarah Huckabee Sanders baked that pie. Did Mike Huckabee get a bite . He is with us next. Ashley neither senator franken or congressman conyers will resign after allegations of sexual harrassment. James freeman says the democrats are allowing themselves to become the party of sexual harrassment. Roll tape. The democrats have lost a big opportunity here in not having these guys step down. These were both safe seats they could have held on to but they are allowing themselves to become the party of, at least a party of sexual harrassment. I think that is a mistake. Stuart do you think it could hurt them down the road . If you look at conyers, giving up Ranking Member slot on the Judiciary Committee is nothing. Obviously republicans control the house but power is with the chairman. You have some privileges as Ranking Member but, this is really not a sacrifice. Essentially theyre going with status quo. Stuart it is a very, very big day. Were up. Record highs all across the board. The dow is up 78. The s p up three, nasdaq up six, record highs across those three major indicators and now this. Not exactly a major league story. White House Press Secretary sarah Huckabee Sanders under fire this weekend after she posted a picture of this pie she said she baked it. Former arkansas governor Mike Huckabee, sarah Huckabee Sanderss dad, is with us now. Settle this please. Did you bite out of this pie . Sarah and her family were at inlaws. I will have the very pie at christmas when she and her family come to our house. She has been making this pie for years, for years, makes them for friends. Here is the warning i would issue. Stuart, dont ever, i mean dont ever, mess with a southern woman and her homemade pies. It is as dangerous as when you hear a southern woman begin her sentence with, bless your heart. It means youre about to be gutted like a deer and just dont know it. Stuart that is said to me a number of times. Bless your heart, stuart, but youre an idiot. Ive been there. So, i just found this extraordinary, that a member of the White House Press corps would challenge your daughter on whether or not she actually baked the pie. I found that incredible. Last word to you on this particular subject in you have got 10 seconds. Okay. I just think that it just shows how ridiculous the coverage has become, and, piegate certainly should be over. I hope sarah bake as pie and serve is it to the press corps. Stuart i bet she will. Earlier this hour i said that nfl players are biting the hand that feeds them with their anthem protests. As a result, we did see a lot of empty seats in the stadiums over this weekend. What do you say about this idea, that dont bite the hand that feeds you . Its a lousy strategy, and everybody loses. That is what is happening in the nfl right now. You your take on that, please . Stuart, youre absolutely spot on. I dont understand what it is that these guys see as the endgame. If it is to empty stadiums, empty the retirement fund, make it so that theyre not making the kind of money they have been making, particularly Merchandise Sales and all peripherally on the nfl theyre succeeding wonderfully. If they thought they would change americans minds and make americans have distaste or disgust for the National Anthem i think they really did, they didnt just bite the hand that fed them, they chomped it off at the wrist. It i was coming back to hurt them in a very big way and i dont believe, stuart, the brand will ever be back to where it was ever. I really dont. Stuart really ever . I think that football, nfl football has peaked, whether it comes were down sharply i dont know, but peaked it has. I think that wonderful run that they have had for a few years, i think thats over. I think it is over because the anthem protests. Well, that was the final cap on it. Look, it has to do with the fact that people are more worried about violence of the game and concussions, fewer, younger people want to play the game. Parents are not encouraging to play football like they did when many of us were growing up. This sullied the whole atmosphere of nfl. I think people will watch college ball. They have will watch high school ball. But, you know, i just dont think the nfl will be at top of americas trust that it once was. I think those days are over. They have irreparably hurt their hand. Stuart i was watching college football. I saw bama lose to you a burn and even i knew that was a shock. The whole studio audience is gasping. What does he know about nfl football. Ashley exactly. Stuart governor, thanks for joining us as always. Our best to your daughter, okay . I want some of that pie. Thank you very much. Dont mess with those pies. Stuart bless your heart. Thank you, stuart. Coming up, sexual harrassment on the hill, question, is there a double standard when it comes to democrats . More varney after this. Approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by Unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement insurance plans, they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. Youve learned that taking informed steps along the way really makes a difference later. Thats what it means to go long™. Call now and request this free decision guide. Its full of information on medicare and the range of aarp Medicare Supplement plans to choose from based on your needs and budget. All plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. Unitedhealthcare Insurance Company has over thirty Years Experience and the commitment to roll along with you, keeping you on course. So call now and discover how an aarp Medicare Supplement plan could go long™ for you. These are the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Ashley Online Shopping expected to reach alltime high today. Retail experts, get this, predict 6. 6 billion in sales. Weres velasis ceo curtis tingle is with us. Have we reached the point where online sales will be more than brickandmortar . Absolutely we have. This first year on line sales are the number one channel where consumers will shop. Ashley im told perhaps yesterday, today is cyber monday, but yesterday was sofa sunday, kick back in the p. J. S, bunny slippers and do your shopping from the sofa. Will that hurt sales today . It will not hurt sales at all. In fact it will increase sales. When you look at consumer behavior, 54 of consumers started shopping before the holidays before black friday. They carry that ritual into cyber monday. 71 of people that will buy something today planned their shopping yesterday looking for the best deals online. Ashley so what is the advantage to going to a brickandmortar store . Because in my mind, if i get really good customer service, that is one thing i just cant get online, sitting there buying stuff from my laptop. There is still value in that, right . Tremendous value and most shop something still done in a brick and mortar store. So when you look at what is the value, it is all about that experience. How can they deliver on the convenience with an integrated Shopping Experience for the consumer where they can shop online, and then go in store to actually buy. Ashley well we do get an extra weekend because christmas is on a monday. So we have the final weekend going into it. That should be good news for brickandmortar, right . If theyre like me i leave everything to the last minute. I dash out to the store, because i will not trust if i order online that it will be delivered on time. So that would be a boost for Department Stores . It absolutely is. Nrs is expecting 4 increase in sales. Brickandmortar retailers can take advantage of this, get right value to the right consumers at right time. Deliver them to stores, drive traffic, drive sales and a good experience for consumers. Ashley truth time, curtis, do you do all the shopping online and mix it up a bit . I am 50 50, actually. Ashley why is that . You still like the instore experience . I love the instore experience. Im more emergent in my shopping behavior. I dont plan on time to take advantage of shipping like you mentioned. So i definitely use both channels. Ashley Everybody Wins like that. Curtis, thanks so much for joining us. We appreciate night thank you. Ashley third hour of varney, dont go away. It is coming up next. Are you on medicare . Do you have the coverage you need . Open enrollment ends december 7th. Dont put it off til later. Nows the time to get on a path that could be right for you. With Unitedhealthcare Medicare solutions. Call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. These Medicare Advantage plans can combine parts a and b, your hospital and doctor coverage. With part d Prescription Drug coverage, and extra benefits. All in one complete plan. For a low monthly premium, or in some areas no plan premium at all. Unitedhealthcare doesnt stop there. Youll have 0 copays for preventive services. Like an annual physical and most immunizations. You can also get routine vision and hearing coverage. And a fitness membership. For prescriptions, youll pay the plans lowest price, whether its your copay or the pharmacy price. Or pay as low as zero dollars for a 90day supply of your tier 1 and tier 2 drugs, delivered right to your door. In fact, our Medicare Advantage plan members. Saved an average of over 5,000 last year. So call or go online today to enroll, and enjoy these benefits and more, like renew by unitedhealthcare, our health and wellness experience, where you can earn rewards for making healthy choices. Your healthcare needs are unique. Thats why, with 40 years of medicare experience, well be there for you we can even help schedule your appointments. Open enrollment ends december 7th. If youre medicare eligible, call now and talk to unitedhealthcare about our plans, like aarp medicarecomplete. Lets get you on the right path. Call unitedhealthcare or go online to enroll. Sfx mnemonic stuart ive never liked shopping. As soon as i walk into a mall, im looking for the exit. I dont like shopping from store to store. I know what i want, so for me its just a question of locating it, buying it and getting out fast. Good luck with that. Have you seen the lines . You have to wait an eternity to to give them your money. It is not a positive experience. Got it. Thats why i celebrate the arrival of amazon and the online revolution. It arrived as an overwhelming force this year. Right now, actually. I dont care whether you call it cyber monday or black friday or whatever. Fact is, the cultural shift is here, and shopping, its not going to be the same again. Hats off to jeff bezos, the richest man in the world and amazons founder. He may be President Trumps most outspoken critic, but the guy created this alternative shopping universe, and it works. Fast and free delivery, maximum choice without finding a parking spot. If its not right, you send it back immediately without leaving the house. Now, thats shopping that i can live with. I dont know what theyre going to do with those thousands of stores that are going out of business or the ghost malls that are popping up all over. It is an extraordinary shift in our culture. The look and feel of america is changing fast. Its changing right now. We will look back and say this was amazons year. The third hour of Varney Company is about to begin. [laughter] stuart thats good. Very good selection. Shop around, i think we got that, okay . I shop from a computer as opposed to main street, but theres another story. Check that big board, close to the high of the day. Were up 74 points now, 23,631, thats where we are. By the way, the s p and the nasdaq also reaching record highs this morning. I want to bring in dan schafer, hes the president and ceo of schafer asset management. All right, dan, i know you are a super bear. I know you are, okay . Youve been on this program many times. Youre forecasting a major decline for stock prices. Yes, i am. Stuart before we get to that, are we going to hit 24,000 on the dow by christmas . You might hit it just because they want to. The momentums still there so, yes, you might get it. But were in territory where its getting extremely dangerous. The risk levels to reward are just too high. Stuart i think a lot of people accept that. Hold on a second, dan, ive got to break in for breaking news. Were getting word that senator ron johnson could be close to becoming a yes vote on taxes. Our Blake Burr Han has detailed burman has details. Reporter i just spoke with a Senior Administration official, and i am told there is a possible deal in the works between senator ron onson who is the only public now at this point and the Senate Finance committee. One of the issues is that he doesnt like how these passthroughs would be taxed at a 25 rate when the corporations are at a 20 rate. Im told that this possible deal in the works would include more deductions for passthrough corporations. So, essentially, trying to lower that effective rate. This was phrased to me as possible, so not necessarily happening but very clearly something that is being talked about on capitol hill. Im also told, stuart, that President Trump has been speaking to ron johnson about his vote quite frequently, and here at the white house even though johnson has said publicly that he doesnt feel he is a 100 no at this point. They think there is room with him. Stuart that comes on top of the statement from rand paul this morning on foxnews. Com that he is, indeed, yes on tax reform. So now youve got a couple of waverers no longer, it looks like, wavering quite as much. I think this is all a positive, right, blake . Reporter yeah. I mean, look, the way it was phrased to me at least with ron johnson is they feel pretty good, stuart, about where he is. It wasnt doom and gloom like when he said im a no last week. They feel that there is a lot of room to move with johnson. Stuart blake, you got the news, and thats great. Thank you, sir. Now, matt dan, if we do get a deal on taxes, would you sell on the news . I would, because the way the deal is structured is to slow down the economy before it speeds up. So maybe what the Tax Implications of the reform are going to do could be good in the long run, which im not sure. But in the short run, the implementation of the plan and the way its structured, i dont know where the delays are going to be. We still dont have the full plan. But just in the sense of the government slowing down its spending, slow down revenues in the early on could be a problem for the economy. Stuart okay. But youll be a sell on this news. I would be a seller on the news. Stuart peter morici is with us, university of maryland economics professor. Peter, let me turn this around. Its looking more and more positive that we do get some kind of tax cut deal. Weve got ron johnson, wavering back the other way. Rand paul doing the same thing. What kind of growth rate do we get next year . Youre an economist, tell me the growth rate if we get this thing done. Better than 3 . I think the economy is on the verge without in a policyneutral situation, of breaking through to 3 growth. Were going to get it in the third quarter, thatll be three quarters in a row for the First Time Since 04. Winter will be softer, it always is, but overall i think the were looking at 3 president growth. 3 growth. In the second half it starts to bite, my concern is not that its going to slow the economy down initially; but, rather, its going to take some time to get some traction and to do the republicans some good in the midterm elections. I think were looking at the stock market moving up about as much this year as it did this year. Stuart whoa, whoa, whoa. I see the risks dont whoa, whoa me. This rally was paid for with increased profits and the forecast on profits next year are very strong. Stuart im not trying to shush you, believe me no, no stuart youre saying if we get this tax cut deal, the stock market could go up next year as much as it went up this year, which is about 25 . Well, thats a lot. But i certainly think it would be good for about 15 or 16. Im thinking about with the progress weve made on the s p. So, you know, and i didnt calculate that before i came in today. But i think that we could get that because were basically talking about the same kind of profits growth next year as we had this year. Stuart okay. The real risk i see in this is its an asymmetrical market. So much of its been in tech companies, and the old Line Companies like Procter Gamble, general motors, ge especially, you know, their Business Models are very questionable. Not so much gm, but Procter Gamble and ge and several others. Thats where i see a problem. Also dont focus on the dow because of that, focus on the s p. Stuart okay. Peter, hold on a second. Dan, you just heard that. Right. Stuart huge gain next year if we get this tax cut. You totally disagree. Peter, i totally disagree. And, peter, i respect everything that you say. My biggest concern is whats going on between the tenyear treasury note and the twoyear note which are at 2007 levels for the spread. Thats a sign of a recession. Why is the 30year rallying . What does the bond market know that you and i dont know . And thats a big concern of mine. The other piece of this puzzle, peter, is the u. S. Dollar. Im expecting based on historical and technical factors that the u. S. Dollar is going to become a shortage because of defaults all over the world, and thats going to zoom up. If that happens, what happens to earnings . Stuart i cant get into a long debate, i dont have the time, im sorry. Ive got to move on. Both of you, stay there. Ive got another point. My editorial top of the hour, i said, look, 7. 9 billion worth of online sales thanksgiving day, thursday and black friday. Thats a huge number, its a record. Today online sales expected to top 6. 6 billion. I say this is one extraordinary shift in the trend towards Online Shopping. Dan, to you first. This has got nothing to do with stock prices. I agree with you stuart this is a cultural phenomenon. Absolutely. I buy from amazon. I was in the mall in stanford, connecticut, on friday and saturday, and there was no traffic with cars. They had people waiting for them. I went into the mall, there was hardly anybody there, sales were off the they were coming out, pulling people into the stores. Stuart whoa. This is a big problem for malls and brick and mortar and the box stores, i really believe that. Stuart peter, a cultural shift that changes the way america looks and feels. What do you saysome. Absolutely. Well never see a 2008 black friday again. Things have changed dramatically. About half of the sales on black friday were online, and half of those in turn were from amazon. By the way, on the way over here i was online doing some shopping. My feeling is that firms like walmart have figured it out. They know how to integrate the two shopping modes and will succeed. But i just dont see and, by the way, targets been underselling amazon on toys all the way through this process. But i dont see a place for people like jcpenneys, macys and a lot of these, you know, smaller specialty retailers that populate the malls. I mean, kids are still going to want to go out and touch stuff and all that, and theres still going to be brick and mortar, but were going to see a lot more empty storefronts and a lot more malls that have become shelters for the poor. Thats happened here. Were turning one of our malls here into a shelter, more or less. Stuart that is a question, isnt it . What on earth do you do with all that real estate thats no longer being used as it was just a couple years ago . Im out of time, but ive got to say goodbye to dan and peter. Good debate. Thank you. I want to alert on this friday no, cyber monday, the shows got a friday feel. It does. Stuart its the Royal Wedding that did it. Yes, youre thrown off. Stuart amazon stock at an alltime high, and jeff bezos has been crowned the 100 billion man on paper. I think hes worth 102 or 103 billion now. Artificial Excellence Technology will help ge speed up medical imaging. Ge is up, not much, 18. 35 is the price. In washington a senate vote on tax reform could come as soon as thursday. Rand paul says he is a yes, ron johnson could be changing to a yes as we just reported. My question will any of the other gop holdouts bite the hand that feeds them . Well see. Its the same story, different week. Lots of empty seats at nfl games over the weekend. President trump slammed the league yet again. We are all over this story. No wonder. Footballs in decline. Zar one of our investors was in his late 50s right in the heart of the financial crisis, and saw his portfolio drop by double digits. It really scared him out of the markets. His advisor ran the numbers and showed that he wouldnt be able to retire until he was 68. The client realized, i need to get back into the markets i need to get back on track with my plan. The Financial Advisor was able to work with this client. Hes now on track to retire when hes 65. Having someone coach you through it is really the value of a Financial Advisor. Stuart japans soft bank is going to by billions of dollars worth of uber this week. They want to buy up 20 of the company. Heres the question how much will they pay for that 20 . Remember, uber covered up a data breach involving 57 Million People and paid the hackers money to cover it up. They did. Stuart doesnt that affect the price that soft bank is going to pay . I suspect it will. Now this, a senate vote on tax reform could come sometime this week. Senator rand paul says he will vote yes. Ron johnson, senator ron johnson may be coming around to a yes as well. Join us now, herb london, president of the London Center for policy research. And i forgot to mention alaskas Lisa Murkowski who says, yeah, shell vote for it because theyre going to let america drill in anwr. Looks very promising, doesnt it . Indeed. I think what youre going to see is this passage of a bill before christmas. I didnt think it was possible, i am now absolutely convinced that this will occur. Ron johnsons vote, i think, is critical, and i think that hes turned around. Stuart well, he was wanting a bit more for small business, the socalled passthrough people. Maybe less for big business. I think hes convinced that the lower corporate tack rate will obviously tax rate will obviously have an effect across the board, including the middle class. The idea that you have a Corporate Tax cut that is only for the rich is absurd, because that Corporate Tax cut will generate more wealth, generate more jobs, generate an increase in gdp. That is what is critical for america. Stuart so now jeff got to concentrate on senator jeff flake, john mccain and bob corker. Will they step away from the personal disagreements and say yes because its good for the country . Hope so. Stuart you say . I say they will. I think itll be problematic. I dont know about all three, but you dont need all three. Stuart its true. Thats right. It seems to me youll get two of the three. I do think jeff flake will vote in the right direction. Stuart and if you get it done before christmas, you get it done before the possibility of roy moore. Exactly. Stuart and Luther Strange will cast the vote, and hes a yes. Okay. [laughter] were looking good. Exactly. Stuart heres another one for you. President trump continues to slam the nfl over the anthem protests. He tweeted about it over the weekend. And, by the way, we can read it on the screen right now, there were lots of empty seats again. At the top of the hour, i said the players are biting the hand that feeds them, and thats a very bad idea. And you say . I say that these are coddled millionaires who do not understand the extraordinary organic ties between this country and the kind of freedom the that we enjoy. It strikes me that when you talk about the red, white and blue, youre talking about american blood that has soaked the soil of countries around the globe. You talk about the white purity of those people who are responsible for our constitution, and you talk about those mothers who are blue because they had to bury their sons who fought for the liberty across the globe. It strikes me when you talk about the red, white and blue, youre talking about the basis of america. That renunciation, i think, is understood by the American Public and by those people who buy tickets at football games. Stuart ash couldnt say it better. Stuart governor huckabee said, look, nfl football is in decline, and nothing will bring it back. What do you say . Well, it is, i absolutely agree. To me, there seems to be no end in sight for this thing, its going on and on. The commissioner, mr. Goodell, is just saying i understand both sides, and whats happening is as the weeks go by, the ratings are going down, and the people attending are going down. And many people weve spoken to on the show say im not watching football anymore. Keep in mind the average guy in the marine corps is making 30,000 a year, protecting the liberty of those people earning multi millions of dollars playing football for the nfl. Theres something odd about that relationship. Good point. We ought to honor those people earning 30,000 and protecting our liberties. Stuart yeah, knock it off. Yeah, exactly. Knock it off, is right. Stuart a new record for background checks on black friday. One day alone, more than 203,000 background checks. Of course, a check doesnt necessarily equate to a gun purchase. Gun stocks, though, are up today, most of them at least. Macys had trouble processing credit cards in its stores black friday . What a day to have a credit card problem. They say it was because of heavy volume. Really . Stuart wouldnt you expect that . The company says the problem has been resolved. Heres a big one, the Supreme Court is going to decide whether authorities need a warrant to search cell phone location records. Judge napolitano on his way in on that subject. Stuart well, well, adobe which keeps track of these things says were going to spend 6. 6 billion online today. A lot of that will go through amazon, of course. Deirdre bolton is at the Amazon Fulfillment Center in new jersey. I certainly am, stuart. This is a mix of man and machine. So you can see the humans, very nice man telling me he was a teacher; however, he started working here to just fill in some blanks for his family financially. You can see him taking in and putting on some of these objects. Stuart, you may have wondered how your granddaughters toy puzzles and your kitchen soap and the book you want to read all end up in the same crate, and he is one of the reasons why. Now, what you can also see behind him are these huge pods. They look like theyre moving on their own, and if you look at the base, stuart, youre going to see a number on each orange pod. And this is part of the Amazon Robotics system. Believe it or not, they do not crash into each other, but they all have, essentially, these pods that are all coded. Now, what the human does is scan every single item to make sure that when you get the box, everything that you ordered is there and nothing that you didnt order pops up like a bad surprise. Then this box goes along this Conveyor Belt which were going to show you and moves further along in the process. So, stuart, it is this mix of humans and machines here on this cyber monday. Its a busy day. Back to you. Stuart and, deirdre, i hope youre there all day because has just its fascinating, i have to tell you. It is. Stuart its amazing. Well see you again later, thank you. Moving on to Sexual Harassment on capitol hill. Al franken, john conyers, they refuse to step down. Our next guest says we are entering a whole new era. Were on it. Jpmorgans chief, swraimmy dimon, says dont bet on a second trump term. Well tell you exactly what hes saying after this. Copd makes it hard to breathe. So to breathe better, i go with anoro. Go your own way copd tries to say, go this way. I say, ill go my own way with anoro. Go your own way oncedaily anoro contains two medicines called bronchodilators, that Work Together to significantly improve lung function all day and all night. Anoro is not for asthma. It contains a type of medicine that increases risk of death in people with asthma. The risk is unknown in copd. 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Stuart whos that . Led zeppelin. Stuart of course, i knew that. Sounds like batman. [laughter] stuart what was the song . Cashmere. Ah, thats a classic. Stuart im the only one in the studio whos been and spent time in kashmir. Youve been everywhere, stu. [inaudible conversations] yeah, yeah, yeah. A very long time ago. Stuart 50 years ago. 40. Stuart quiet on the set. [laughter] look at the big board. Were only up 26 points. I still see a lot of green, lefthand side. By the way, the dow, the nasdaq, the s p, all hit record highs earlier this morning. President trump meeting with members of the Senate Finance committee today talking, of course, tax reform. You heard her voice before, nan haywood, former new york congressman. Nan, weve got ron johnson, wisconsin, tilting the other way towards a yes. Yes. Stuart rand paul says hes a yes. Lisa murkowski, alaska, says yes drill, baby, drill. Stuart were going to let her drill in anwr. Yeah. Stuart much more positive that were going to get this thing done. You with me in. Absolutely, stuart. And ive been with you. We do need desperately to get something done, and our major enemy is the process of reconciliation in the senate because thats what sets up all of the payfors. Thats where the dynamics of tax reform get thwarted because theyve got to make these Revenue Streams balance out stuart theyre just tweaking. Lisa more coy sky murkowski gets to drill in an juan, ron johnson gets more for small business. Sure, and thats great. Weve still got the s. A. L. T. Deduction battle. Weve got to reconcile Senate Considerations with house considerations, and there are lots of challenges still awaiting. Im all for tax reform and praying they get it done. Stuart do you think we will . I do. Stuart okay. I want to talk about Sexual Harassment allegations on capitol hill. Al franken, john conyers, theyre not stepping down. Right. Stuart listen to what franken said over the weekend. Roll tape. Have you talked about seriously resigning . Have you considered that . No, no. The Ethics Committee is looking into all this, and i will cooperate fully with it. Listen, i know i have a lot of work to do to regain the trust of people ive let down. Stuart nan, should al franken step down . Based on what we have so far, i dont think there is a compelling reason to ask him to step down. I would definitely have him step down for a lot of other reasons. Theres a photograph of him from his previous life doing something that was very unsavory and was not funny. Beyond that, what we have are accusations that are are countered by his different interpretation. Very difficult, stuart, as you know in these cases, the accused are also at risk, and we dont want to support false accusations either. Stuart well, the law should take care of it and or the voters. Right, right. Stuart with me on this . Yes, absolutely. Stuart were in a new era. The relationship between men and women in the workplace has really shifted dramatically. Yes. Stuart id say in the last three or four weeks, for heaven sake. You call it a new era of scrutiny . Yes. Stuart explain that. You know, stuart, we have there is vulnerability as we just talked about on both sides of this. Youre vulnerable if youre a person who might be accused of harassment whether youre a man or a woman. It could run either way. And, of course, youre vulnerable to being abused if youre in certain situations. So i think everybody is going to be more circumspect. Im hopeful that there will be significant tact exerted that we havent seen before, and i think were going to have to watch that theres going to be a lot of liability in process that were going to have to deal with stuart tact . Tact in this political environment . [laughter] wouldnt it be nice, stuart . You get the example here every day. Stuart i do not. Intelligence and tact. Stuart im going to break away for something really important. Look at this. Check it out, please. First lady melania welcoming children and students from joint base andrews to view the white house 2017 holiday decorations. She will participate in arts and crafts projects with the youngsters in various rooms throughout the white house. That is going on right now in our nations capital. Melania, first lady. Now this, the Supreme Court will take up a case that could have really serious implications for your cell phone privacy. The courts going to have to decide whether authorities need a warrant to search your cell phone location records. Judge napolitano is here. First of all, judge, lay out the case as its before the Supreme Court. Its a simple bank robbery case in which the police were able to demonstrate to a prosecutor and then to a jury that the bank robbers had cased these banks and had spent all kinds of time around the banks which they denied robbing. The jury believed the records, and they were convicted. And now the conviction is being appealed on grounds that the police didnt get a warrant to use the cell phone records. So when you have this, im holding up my iphone, even when you think its off, its not off. And if you put it on the front seat of your car, it records every place that the car has driven in. And the police acquired that from the Telephone Company without a search warrant and used that in the prosecution of these bank robbers. Did they rob the bank . Yes. Should they be convicted . Of course. Should they go to jail, yes. But due process has to be followed. Whats the due process . The Fourth Amendment says warrants can only issue on the basis of probable cause. No searchings and seizures without warrants. Is this a search and seizure when the police get these records of you without a judicial warrant, thats what the Supreme Court will have to decide. Stuart and your answer is, yes, it is an unauthorized search and seizure. My answer is yes because of previous similar cases. Example, where the police surreptitiously put a gps device under the fedder of a car fender of a car before we had this cell phone technology. The gps device allowed them to follow the car, Supreme Court says you cant do it. When the police used a heatseeking device outside a home that was growing power in the basement, Supreme Court said you cant do it. I predict the same thing will happen now. Not because the Supreme Court wants guilty people to go free, but because it wants our rights to be upheld under the constitution and wants the police to follow the law like the rest of us. Stuart and besides, if its relatively easy to get, what is it, a search warrant let me tell you how easy it was in this case. The police had so much evidence on these guys before they gilded the lily with the cell phone, if they had come to me and asked me to sign a search warrant, i would have signed it. [laughter] even you. You know there was plenty of evidence there. Stuart the Gold Standard right here, ladies and gentlemen. I will take that. [laughter] stuart stay there, judge, for one second. I want to turn back to you, nan. I want you to listen to the ceo of jpmorgan, jamie die dimon. He says he bets President Trump will not be reelected. He made is comment at an event in chicago, he said the democrats need to come up with a reasonable candidate, although politicos reporting that Bernie Sanders is making moves to run again in 2020. Jamie dimon, the most famous banker in america, he says trumps not going to get a second term. I dont know why he would say that, because President Trump is the only one who is actually actively fighting to increase the prosperity of jamie dimons clients. Because from the executive branch the president has already initiated what basically is a juggernaut in behalf of enterprise. Thats why were seeing that 3 bump in our thats why were seeing that bump in our gdp, because he has initiated the regulatory reforms that now are awaiting the infusion of capital from tax reform to create jobs. Stuart the president wants to change doddfrank which hurts the banks. Right, absolutely. Soother stuart and hes going to get us tax reform which will grow the economy maybe 3. 5,4 i heard that he had problems with doddfrank, and he was right about that when he was, when i was in the house a few years ago. Look, every dollar that flows into the marketplace is a better, more productive dollar than any dollar that stuart yes. Jamie dimon never he is a corporatist, unfortunately. He enjoys a lot of power from his position. Yes. Very cozily within the government and private spheres. Hes got that juxtaposition. All the big bankings are corporatist. Yes, i would agree. I would agree. That printing machine in washington and im in no precisely. And im in no way denigrating his gifts, but i would expect him to be a lot smarter and be four square behind this president and what he is doing because he is the bulwark hes a smart banker, but hes not a political prognosticator because he didnt think stuart by the way, we were up 70 points moments ago, a few minutes ago, now were up 3 what happened . Because of the conversation we just had . [laughter] stuart i do want to alert you to this, the Meredith Corporation has agreed to buy magazine publisher time, 2. 8 billion. They are then owner of better homes and gardens, a lot of magazinings. The conservative Koch Brothers put 650 million into this deal, but they say they dont intend to have any input into times management or editorial policy. Do you believe that . No. And i pray they do have [laughter] time is way too far to the left. Stuart listen to this, sears and kmart are offering free Home Delivery for online orders above 399 through christmas. Sears stock right now is up four cents. In washington the senate could vote on a tax reform bill sometime this week. Will it include the repeal of the Obamacare Mandate . We have news on that for you, and its next. Im Nicole Petallides with your fox business brief. It is a cyber monday showdown. The companies are battling it out. 6. 6 billion roughly, which is estimated to be spent on internet selling today. Amazon, new high. Walmart selling off slightly, but heres the deal when you look at the prices, were looking at walmart competing very closely with amazon, more so than ever. Actually, only 0. 3 more expensive than amazon on average versus 3 a year ago. In fact, when you take a look and break it down, you look at the wearable sector, in fact, now cheaper on walmart, 6. 4 for wearables, headphones, 6 , tvs, 2. 7 as theyve managed to slash prices across the board as they battle it out for your holiday bucks. To. I even accept i have a higher risk of stroke due to afib, to. A type of irregular heartbeat not caused by a heart valve problem. But whatever trail i take, i go for my best. So if theres Something Better than warfarin, ill go for that too. Eliquis. Eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding than warfarin. Eliquis had both. Dont stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. While taking eliquis, you may bruise more easily. And it may take longer than usual for any bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Im still going for my best. And for eliquis ask your doctor about eliquis. Stuart teslas elon musk, a cataclysmic warning about robots. He says we only have a 5 or maybe 10 chance of preventing killer robots destroying humanity. He says regulation of Artificial Intelligence is very much needed because its a fundamental risk to the existence of human civilization. Pretty bold words ask scary. Stuart have a nice day, america. [laughter] politics. The senate may vote on the tax reform bill sometime this week. Our blake burman now reports repealing the obamacare individual mandate will stay in the senate bill. Joining us now beating obamacare author betsy mccoy. Tell me why this is a big deal. If it stays in the bill and, therefore, we get rid of the individual mandate were getting rid of the penalty. Thats what the bill says. Stuart thats all it is. And its a big deal for several reasons. Stuart so were not going to force people to buy insurance. Were not going to penalize them if they fail to buy it. Stuart okay. Were zeroing out the penalty, and that will be welcome relief for 6. 5 Million People currently incurring the penalty and several million more who would like to stop buying obamacare but regard the penalty as kind of like a gun to their head. In addition, that 338 billion that the Congressional Budget Office says will be saved by repealing the penalty itself is being used to pay for a very big benefit, a very big tax benefit for low and moderate income families, doubling the child tack credit from tax credit from 1,000 per child to two. And that was requested by senator marco rubio kind of as a price for his vote. So thats why its in there. Stuart so its got to stay in there. Its a good thing that it stays in there. Thats right. Stuart lets be clear here, by keeping it in there, were keeping in the repeal of the individual mandate. Thats right. And about 80 times as many people benefit as are harmed. Youll hear people say, well, a few people will have to play a slightly higher premium, about 10 higher. But millions of people, about 45 Million People, will benefit from repealing the penalty. All those people who are currently incurring that penalty plus all the people who want to see their Child Tax Credit doubled. Stuart okay. So its good for them its good for them. Its a good part of the deal. Stuart okay. You want it gone, the individual mandate. Absolutely. Stuart got it. Now, i want to talk to you about Sexual Harassment allegations facing al franken and john conyers in congress. Listen to what House Minority leader nancy pelosi said about con yes,yers yesterday. Roll tape. We are strengthened by process. Just because someone is accused, and was it one accusation, is there two . I think it has to john conyers is an icon in our country. He has done a great deal to protect women. Stuart so she doesnt want conyers to step down, she just takes him off the judiciary i never thought i would say it, but i agree with nancy pelosi. We cannot sacrifice our nations commitment to due process whether its a democrat like conyers or republican whos accused or someone in the media. I am very troubled by accusations that are 20 or 30 years old in some cases. Sometimes theyre anonymous accusations. Where do you go to get your reputation back when, in fact, that accusation is inadequate or totally untrue . Stuart well, look, earlier on in this program today weve kind of come to a collective agreement that, a, the legal authorities should take care of allegations of this kind right. Stuart and, b, it is the voters in the home state absolutely. Stuart who should take care of this politically. Yes. Stuart thats how it should be done. Thats right. Stuart so you dont want to see franken resign out of congress . You dont want to see conyers walk away . You dont want to see that . No, i dont. I want to see people afforded the same due process when theyre accused of Sexual Harassment as if they were accused of robbing a bank. Stuart got it. Thank you very much, indeed. Listen to this one. Mick mulvaney, he is the acting director of the Consumer Financial protection board. He sent a letter to Agency Employees about whos in charge. Heres part of it. It has come to my attention that lee and da english has reached out to many of you via email in an attempt to exercise certain duties of the acting director. Please disregard any instructions you received from ms. English in her presumed capacity as acting director. If you receive Additional Communications from her today in any form, please inform the general counsel immediately. Mulvaney did, indeed, take over today. Ms. English is suing to remain acting director. Now you know. Got that . Interesting. Stuart you got that . [laughter] disregard all messages from ms. English. All right, President Trump will reportedly travel to missouri on wednesday. Well tell you what hes doing there in just a moment. They appear out of nowhere. My secret visitors. Appearing next to me in plain sight. Hallucinations and delusions. These are the unknown parts of living with parkinsons disease. What stories they tell. But for my ears only. What plots they unfold. But only in my mind. Over 50 of people with parkinsons will experience hallucinations or delusions during the course of their disease. And these can worsen over time, making things even more challenging. But there are advances that have led to Treatment Options that can help. If someone you love has parkinsons and is experiencing hallucinations or delusions, talk to your parkinsons specialist. Because theres more to parkinsons. My visitors should be the ones i want to see. Learn more at moretoparkinsons. Com yes or no . Do you want the same tools and seamless experience across web and tablet . Do you want 4. 95 commissions for stocks, 0. 50 options contracts . 1. 50 futures contracts . What about a dedicated service team of trading specialists . Did you say yes . Good, then its time for power e trade. The platform, price and service that gives you the edge you need. Looks like we have a couple seconds left. Lets do some card twirling twirling cards e trade. The original place to invest online. Stuart President Trump planning to trao missouri wednesday to promote the tax plan. Hes going for the soul purpose this is my opinion now the soul purpose of trying to influence the vote of democrat senator claire mccaskill. This will be the president s second visit there to push the tax plan. The senate could vote on this plan as early as this week. Some headlines for you. First off, here comes a Royal Wedding. Whoa. Britains prince harry and actress meghan markle, theyre engaged. Shes there l. A. , shes a divorcee. Harry is 33, fifth in line for the throne. They will live in nottingham cottage. Thats right in part of. Stuart kensington palace. They plan to marry in the spring. The queen and Prince Philip are lighted for the couple and wish them every happiness. An erupting volcano sending ash nearly 10,000 feet into the air. Authorities have raised the alert level to the highest possible. 40,000 people evacuated, tens of thousands more could be in danger. And now we have a price for hes thats allelectric truck. saw 150,000 for a 300mile range. The stock is down. Netflix, house of cards tells the cast and crew it hopes to resume production soon. Netflix cut its ties with star kevin spacey after allegations of Sexual Harassment surfaced. Coco made 71 million over the weekend. Wow. Stuart this is pixars movie. Pixar is a unit of disney. Unrivaled when it comes to animation, in my opinion. Oh, yeah. Stuart absolutely brilliant. My grandkids love the movie. Theres a vote of confidence. Thats all we need to know. [laughter] stuart more varney after this, i promise. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. Stuart this is amazons day. This is online sellings year, i think. Ash, you have number on smartphone orders. Ashley people do shopping by smartphone. Amazing how it has gone up in the last year. Adobe who keeps tracking of this, the number of people using smartphones to purchase things was up 40 . Stuart 40 . Ashley revenue up 41 . A lot of people doing what they have to do. Stuart 1200 a share. That means bezos, the founder jeff bezos is probably worth 102 billion. Ashley just say a lot. Stuart viewers, we had a quandary when we started the show at nine would that what would be our lead story. Amazon, 1200 a share . How about tax reform. Ron johnson waivering towards yes. What was our lead story . It was the Royal Wedding. We were taking temperature of our viewers. I dont know whether you approved of us leading with that story of the day and you read it. Ashley i did. All my fault. It is a big story. Even if you dont like the royal family it is interesting. Stuart for those of us a certain age that is a huge story. Because that young lady is a divorce say. Ashley yes. Roman catholic divorce say from america who is tv star. Can you imagine Buckingham Palace 100 years ago . They would be splattering their tea all over the place. Stuart remember the 1930s, you dont remember. Neither do i. Edward the viii he abdicated the thrown because he wanted to marry american divorce say. Ashley you couldnt do that. Stuart another good idea to lead the show with that story. We had had burt flickenger, he is a retail analyst. He said announcement of that royal wed something significant boost for retail sales. He says Royal Weddings create this euphoria of buying. I cant believe it. Ashley fashions all the memorabilia and Everything Else. Meghan markle, she will be a fashion icon as much as anything else these days. What she is wearing. All the rest of it. Stuart in hindsight, ashley do you think you were right to lead the entire show . Ashley wait a minute. Absolutely. I went out on a limb be. Not that i had a choice. I think we got by. Stuart im dying to read facebook to see what our viewers thought about that we bypass amazon, bypass tax reform and went with the Royal Wedding n five section my colleague neil cavuto takes over. I want to see what he will lead with. Amazon, tax cuts, Royal Wedding. Go. Neil im just wondering where the happy couple is registering. Im thinking hickory farms. Really what do you get a royal couple . Stuart you go to amazon. Neil we thought this was perfect for you guys. Thank you very much. Were on the royal development. Its a big deal. An american divorce say, something we havent seen in century. That is creating waves across both sides of the ocean. This very hour the president is talking taxes with key Senate Finance Committee Members over at the white house. This as senator rand paul surprised some folks here because it wasnt as if they were expecting a no vote out of him but they were expecting a lot