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Impeachment with Speaker Pelosis commemorative goldembossed signing pens, the solemn march as the articles are walked over to the senate, that whole charade breathlessly covered by the trumphating media, wall to wall coverage for all of that but very little for this. The china trade deal, historic event, redefining the way trade deals are negotiated and structured. That was a big plus for america. And thursday, virtually no coverage for usmca, another trade deal that helps our economy. In fact, none of the three broadcast Networks Even mentioned it. And politicos first headline, major win for trump, that really changed fast to Senate Passes usmca, much work remains. Can you believe this . We are very glad that you are watching us. So look at this. More stock market records are acoming. Big Companies Reporting solid profits and we appear to be in a meltup mode again. The dow is up, what, 270 yesterday, closing just shy of 29,300. Any gain at the opening bell today means another record. We are going to be up about 98, 100 points. S p, same story. Any gain at the opening bell means a new high. So, too, for the nasdaq. You know, i have lost track of how many records we have actually hit, but ive got one more big news item for you. A huge jump in Housing Starts. That is very good news for the economy. Again, we are glad youre watching us. Youre watching history. Varney company is about to begin. [ applause ] the yeas are 89. The nays are 10. The bill is passed. Stuart the speaker signed the articles, then handed out commemorative pens to the assembled trump haters. The pens have her name embossed in gold. I think you called me a liar on national tv. What . I think you called me a liar on national tv. Lets not do it right now. Stuart okay. A quick wrap up the week that was. China trade, usmca, two wins for the president and its only january. We have an allstar lineup to end this week. 11 00 this morning, you will see President Trump welcome the lsu team to the white house. Its the first time in a long time a sports team is graciously joining the president and has left the politics out. Following that, white house economic chief larry kudlow, he will join us. Im going to ask him about those extraordinary housing numbers we just received. And the great pete rose is with us again. Its legend after legend on Varney Company today. So start with this. The markets. Going straight up again. Stocks set for more records right at the opening. That surge in Housing Starts up 16. 9 , thats clearly helping the market again today. Market watcher Jonathan Hoenig joins us now. Jonathan, futures were up 40, 50 points, then we got this huge surge in Housing Starts. That looks to me like a primary factor in todays rally. What do you say . Bull markets beget more bull markets, stuart. The trend is up and as we have been saying for weeks now, i dont think you want to fight the tape right now. Two people buy the bottom and sell the top and they are both liars so dont make that your goal here. This is an opportunity to focus on your own portfolio. We dont know how high the stock market will go. Instead of worrying about that or trying to pick that top, look at your position. If you have a position thats going to be 15 , 20 of your portfolio, great opportunity to set stops below the market but dont sell a stock because the market is up because as we demonstrated, highs beget highs and the trend continues towards more highs. Stuart just hold on for a second, jonathan. I have more, im going to call this positive Economic News from the federal reserve. What have we got . Ashley philly fed president , who is a Voting Member this year, says look, overall the economy is looking pretty good. We are in the longest economic expansion on record and i see growth returning to trends of about 2 this year, a view that is widely shared. He says wages may be on the lower end of the pay scale but Consumer Spending remains strong. Stuart we will take that as a positive. Look at that market go. We are up 95 in the futures right now. Back to jonathan. Let me talk microsoft for a second. Theyve got this plan to be carbonneutral by 2030. It looks to me like Climate Change is now part of the Overall Investment scene, certainly this year. What do you make of this . This is not just microsoft, all the Big Tech Companies are really getting heavily into Climate Change as a main core function of their business in many cases. The irony, you want to be carbonneutral, frankly, thats the easiest way and the idea of removing co2 from the atmosphere, thats plant food. If any type of entity is going to save us from the proposed or perceived threat of Climate Change, it will be Companies Like microsoft, not governments. Im happy to see them spend their money to address whatever type of threat they think the climate could put forward. Stuart thanks for joining us. The bull market rolls on. Jonathan hoenig right there. We are focusing on the market, focusing on the economy, and im going to focus for the moment on apple. Look at that. Riding high, 316 in premarket trading as of right now. Allstar tech watcher gene munster with me now. You know, i really do read your stuff and i know that you think this stock is going to the moon, because they are into things, all the things that matter in the future. Have i got your sentiment right . I think you do, and i want to put some context on it, stuart. One of the biggest drivers is going to be 5g. We hear a lot about 5g. I believe apple is one of the best plays on 5g. Its going to start in a couple years, theres going to be some gives and takes as we ease into this paradigm, but stick with me for a minute that this is going to be the fabric of tech for the next decade. I think a fair analogy of how to put perspective on 5g is to think about the color, what its done to film. Wizard of oz 1939, the first movie to be colored, it was magical at the time but quickly forgotten and thought of as a fad. Movies went back to black and white and tv started in black and white, but then it took off, and now we cant even look back. It fundamentally changed the way film is done. That is a similar type of analogy to whats going to happen with 5g. Its hard to put exact parameters about what Realtime Data speeds mean to tech, but apple has four plays within that and i think that is ultimately going to move this stock into the 400s and beyond. Stuart into the 400s and beyond. I like that expression. Okay. Let me turn to tesla, because again, i read your stuff and you think this thing is going to 900 a share in, what, four years . Make your case. The case is that well, this is going to be first an up and down road. Its important that your viewers understand that, that this is a very different story than apple but the upside is pretty straightforward, is that today tesla has 70 of the u. S. Electric car market. I think that over the next several years, call it the next decade, they can garner call it 12 , similar to what gm and toyota have in terms of Global Market share. If they do the 12 market share, that would yield about 350 billion in revenue a year. Companies like apple trade at four times revenue. Thats a combination of hardware, software and services, similar to tesla, so that is much bigger. Where do i get the 900 stock . That would be 150 billion plus company. That is just kind of a starting point to how this can play out. I want to have some layer of conservatism in there but you can quickly do the math and see how this can be a much bigger company. Stuart im doing the math and im looking at some extraordinary numbers. Gene munster, you have been right so far on this program. I hope youre right again in the future. Good man. Mr. Munster, thank you, sir. Appreciate it. Again, look at the overall market this friday morning. Look where were going here. Any move up for any of those three indicators means another brand new all time high. How about that. Up about 90 for the dow. Telling you again, the president s top economic adviser on the show about 11 30 eastern. I will ask him about the stellar housing numbers. John schneider is on the show. He will tell us how his wife used cbd to help during her successful cancer treatment. Pete rose is back, too. Hes on the show. Again, thats in the 11 00 hour. We are talking to him about this burgeoning baseball scandal. But next, Mike Bloomberg really on a spending spree. You wont believer how much is going to be spent on this campaign, not just by him but overall. We are talking tens of billions. Hard to believe but we will be back. So what do you see . I see an unbelievable opportunity. I see bestinclass platforms and education. I see awardwinning service, and a trade desk full of experts, available to answer your toughest questions. And i see it with zero commissions on online trades. I like what youre seeing. Its beautiful, isnt it . Yeah. Td ameritrade now offers zero commissions on online trades. Ive always loved and im still going for my best, even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. So if theres a better treatment than warfarin, ill go for that. Eliquis. Eliquis is proven to reduce stroke risk better than warfarin. Plus has significantly less major bleeding than warfarin. Eliquis is fdaapproved and has both. Whats next . Sharing my roots. 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. Eliquis, the number one cardiologistprescribed blood thinner. Ask your doctor if eliquis is whats next for you. Stuart you know, rare public appearance, irans Supreme Leader praises the missile attack on u. S. Bases in iraq. Ashley called it a slap on the face to the United States. This is the first time, by the way, the Supreme Leader, the ayatollah khamenei, 80 years old, he hasnt led friday prayers in tehran since 2012, but he used it as an opportunity to try and rally the country. As we know, there have been protests over the downing of this passenger plane. He goes on, though, to call the Trump Administration evil, he called President Trump a clown and called suleimanis funeral and the Iranian Military response a turning point in history. By the way, it was reported there were no injuries from those attacks on the iraqi bases where u. S. Troops were based, but 11 of those troops we understand have been treated for concussion after they showed symptoms days after the attack. Stuart well, we did not get a president ial tweet responding to the ayatollah but we did get this tweet from the president about a half hour ago and i will read it to you. Mini Mike Bloomberg doesnt get on the democrat debate stage because he doesnt want to. He is a terrible debater and speaker. If he did, he go down in the polls even more if thats possible. Joining us now, bradley tusk, an adviser to bloombergs campaign and his former Mayoral Campaign manager. You heard the tweet. React. We would love to be in the debate. We need the Democrat National committee to allow us. They require you to be a certain amount in the polls and to have 200,000 individual donors. We have one donor, Mike Bloomberg. He made his money himself, made it honorably, he does not want to be bought by anybody. Stuart would he want to be in the debates . Absolutely. Stuart he would . If you are running for president , which we are, you can get your message out to as many people as possible. The debates are a very high profile stage. Stuart are you doing debate prep with him . We are working on it. Stuart are you . He sits there, you sit here, you fire questions and see how he responds . You are on the campaign trail answering all the same questions all the time, but the other candidates have been preparing for a year now and debating for a year now and should we get the opportunity to be in the debate, we got to be ready. Stuart see this headline in the wall street journal. Where are we . Okay. The headline is bloombergs huge spending transforms 2020 campaign. Im sure you have read this. I have. Stuart you know perfectly well that the spending is absolutely huge. Yes. Stuart hes buying not buying the nomination or the election, hes buying the campaign. Hes got 1,000 staffers already. Look, what hes doing is, a, running his campaign without taking money from different corporations, special interests, anything else. Hes the only candidate thats truly independent. B, if you look at his policy proposals, hes not proposing things like medicare for all or free college or ultimately promising trillions of dollars in tax payer spending if elected. I would argue buying the election is using the taxpayers money to give stuff away to get people to vote for you. Hes using his own money he made on his own. Stuart interesting way of looking at it. Thank you. Stuart saving the taxpayers money by investing his own. Okay. I hear it. Now, you were an early investor in uber. You got your money in there. I put it to you that ubers facing a very serious headwind here, this gig law, the california gig law, but thats been spread elsewhere. This is not good news for uber. No, its terrible news. Uber estimated that the california regulatory change, drivers are now employees, will raise their costs by 20 . New york, new jersey, illinois, washington state, a whole bunch of other states are taking up this legislation as well and given how badly uber did in trying to defend themselves in california, theres no real evidence they are going to do any better in the rest of the country. Stuart these are all democrat states. Absolutely. Uber has not handled their politics well. Back in the day under different leadership, all the democrat cities, new york, l. A. , chicago, we fought the taxi industry and won and thats how we became legal but the companys changed a lot since then. Stuart i just hate to see it. I love the idea of a revolutionary company like uber coming on the scene and disrupting everything. But the long arm of the democrats with their historic aversion to startup companies, its look, if you are organized labor, the sharing economy is a great opportunity to try to get new members at a time when your member is plunging so i understand politically why they are doing it. I think the door is open to two things. One is political cronyism with labor on the democratic side. Two, uber is going from a disruptive startup into a slowmoving big bureaucracy. Stuart you still have money in it . Im out. Stuart out completely . Out completely. By the end of last year. Stuart is that because you didnt like what was coming down the pike . Have no faith in if company at all. In fact, i even knew because i sold right after the lockup, i was probably selling at even more of a discount and in a few months it would rebound, but my view is i believe for uber to succeed, it has to be ruthlessly innovative and i dont think thats in their dna at all anymore. Stuart what if you just took the stock down. You are a fine guest. Appreciate you being with us. Thank you very much. Snap. Whats the stock on the screen . It is up, i think. Yeah, 3. 5 . They have an upgrade from ubs. I got two items on the gap. Is it gap or the gap . The gap. All right. Gap. Its called off plans to split old navy into a separate company, and its president and ceo of gaps brand departing, evidently investors like it. The stock is up 2. 7 . Weve got news on payless shoe source. Its coming out of chapter 11 bankruptcy. Its making a comeback. Lauren . Lauren its going to open new stores. We dont know when or where, actually. Bricks and mortar and their online store as well. They never closed their international operation, i do want to point that out. This is their second trip out of bankruptcy. More than 9200 Stores Closed last year and payless made up the bulk of those stores. Stuart would you buy shoes online . Lauren i do all the time. Thats one thing you can. You know your size. Most size 7s fit like size 7, if you ask me. Stuart yeah . Lauren yeah. Why . Stuart im wondering why payless doesnt go into the Online Business more as opposed to opening bricks and mortar. Lauren they will revamp the online store and come back ecommerce. And they also continued this whole time to sell on amazon. Stuart got you. Lets go to the new york stock exchange. Gerri willis is there. They seeing any headwinds to this ongoing market rally . Anything at all . Gerri whats the negative here. Thats what theyre saying to me. All upside for right now. Thats certainly all the news we see. We have two trade deals in two days, right. Thats positive. Look, we are getting great Economic Data. The Housing Starts numbers today, all of this is positive. Yesterdays weekly jobs claim was up, philly fed manufacturing, alltime highs on these markets. I got to tell you, the fear is fear of no bad news, i guess, for some people. Back to you. Stuart the fear of the fear of no bad news. Thats a double negative whammy if you ask me. There you are. Thank you, gerri. No headwinds that we can see. Got it. Senator Martha Mcsally called on a cnn reporter yesterday, called out, actually. We have what she said to that reporter and why she will not apologize. You will like this. Can you believe this. Varney Company Turns ten on monday. Dont miss the anniversary show. Now, the markets are closed but we are open. We are celebrating. Surprise guests throughout the three hours. Big things planned. Be there, sports fans. Stay with us after this. Most people think of verizon as a reliable phone company. But to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. Oh, hi, samantha. You look more like a heather. Do you ever get that . Its nice to finally meet you in person. Youre pete nocchio . Oh, the pic . That was actually a professional headshot. Im sure thats it, yeah. I, uh, i think ive lost a few pounds recently too. Im actually doing a juice cleanse. Wait you dont. glass breaking gasp ah oh. with geico, the savings keep on going. Just like this sequel. 15 minutes could save you 15 or more on Car Insurance. Should the senate consider new evidence as part of the impeachment trial . Manu, youre a liberal hack. Im not talking to you. Stuart youre a liberal hack and im not talking to you. Good stuff. Liberal reporter from cnn. Cnns wolf blitzer said you have got to apologize. Heres what mcsally had to say about that. Roll tape. Im a fighter pilot, you know. I called it like it is and thats what we see out of the Mainstream Media and especially cnn every single day so obviously im going to tell the truth and i did it today and its laughable how they they were saying you have gone full trump. Well, they have also said that it was unbecoming a senator and i lashed out and also i have a question. What do they do on a daily basis . Stuart unbecoming of a senator . You are a liberal hack. I want more of that, please. Can we have that . Ashley i love it. Stuart we have more. Hold on. Not from Martha Mcsally but this. President trump snapped at this guy, acosta, cnns guy at the white house . Ashley jim acosta, good friend of the president , tried to interrupt him at an event in the oval office yesterday. Lets roll the tape. You will get the sense. I dont know him. Perhaps hes a fine man. Perhaps hes not. I know nothing about him. [ inaudible ]. I dont know him. I dont believe i have ever i never had a conversation that i remember with him. [ inaudible ]. Let me just tell you, you just have to take a look at the polls quiet. You just have to take a look at the pictures, you just have to take a look at the polls. I dont need anybodys help. Stuart i love it. Ashley quiet. Stuart i lovely loabsolutely l. No reporter in the white house has the right to interrupt constantly a president of the United States. Ashley lets not forget this reporter brought out a book last year called the enemy of the people, a dangerous time to tell the truth in america. Where does this guy stand . Anyway, yes, the president shut him down on who he knew with regard to ukraine and the quid pro quo issue. Hes like quiet. Stuart that was good, wasnt it. He didnt snap at him. Ashley no. No. Stuart quiet. Thats a president ial order that one tends to obey. And he did, actually. Ashley he did shut down after that. Stuart all right. Lets move on. Because we are poised for yet another day of records on the stock market. Look at that. Lefthand side of the screen, this is for the benefit of our radio listeners, i should say. We are up 90 points from the dow for the dow industrials, 9 up for the s p, 42 points more for the nasdaq composite. If those numbers hold, then we are going to have record highs ashley the Economic Data continues to be encouraging. I mean, you know, i was doing the show yesterday going into the close and the dow surged into that close and all the traders i was talking to said bottom line is the economy is humming along very well. In the background, you have the fed, a friendly fed, and of course, the next issue is earnings. So far they have been pretty decent. Stuart by the way, i missed this yesterday morning, that the firing rate, the layoff rate, its called first time jobless claims, thats the technical name for it, all the way down to 200,000. Thats historically very very low employers are not laying people off. Lauren people have jobs, wages are going up, thats being factored into the Housing Market which was a weak spot for the economy. Look at the number we got this morning. We havent seen a number like that since 2006. That was a housing boom. Stuart 10 00 this morning, we get the jobs report. For the benefit of the uninitiated, thats the job openings report. How many jobs are going begging, unfilled positions. Its going to be in the neighborhood of seven million. Ashley probably a little over. Stuart it could be. We will get the official number at 10 00 this morning. Lauren consumer sentiment, how does the consumer feel about everything, because one of the biggest reasons the economy is humming along is because the consumer is feeling good about things and spending their money. Stuart thats why, lefthand side of the screen, this market is going straight up again to a series of new highs. All right. Lauren is here to help cover, ashley is here to help cover and so, too, the man who is now on my righthand side, usually on the left, but on the right this morning, david dietze. Welcome back again. Good to see you. Thank you so much. Stuart never stand in the way of a bull market run thats melting up. Can you say that now . Absolutely. Youve got sentiment is, you know, extremely strong. Youve got very low Interest Rates. Youve got the fed on hold. Weve got some relaxation in trade tensions. Not just one trade treaty signed but the second one with the usmca. So things are looking good. Stuart yeah. And its really spread around. I was in the elevator at fox this morning, ran into someone of my age who has been working here for many years, and he went out of his way to say hey, i just opened up my 401 k , he said i damn near fell down, he goes its that good. Most people are racking up 30 , 40 gains in their pension money since the president was elected. Absolutely. Theres such intense focus on tech stocks but its not just the tech stocks. The utilities, oil was up 35 last year, gold is making a strong move. Wherever you go, things are moving up. Banks, very relaxed monetary conditions. Stuart look at this. Here we are, friday morning, ending out yet another colossal historic week and we go straight up right from the opening bell. We havent yet opened all of the dow 30 stocks, but as they open, they are turning green. They are going up. Okay. We are up just 30 points in the initial opening here. Im a little surprised at that. Ashley production came in a little weaker. I dont know if thats playing any role. Stuart they are almost all open and the dow has opened with plenty of green, lefthand side. At the moment, its a fractional gain for the dow. I was expecting more. How about the s p 500 . Expecting a solid gain there. Thats another alltime high, up seven points. 3,323. The nasdaq composite, alltime high, a solid gain there. Youre up. 33 , 9,391. Im still not quite sure whats going on with the dow, up only 30 points. I was expecting up 50 or 60. My producer just said hey, stuart, youre spoiled. You know, youre right. Youre right, its a friday morning, im used to straight up. Couple of stocks lefthand side of the screen, alphabet, it is now a trillion Dollar Company. Thats the fourth trillion Dollar Company, American Company. Apple is up at 315. Amazon is down 12 cents at 1,882. Month change for microsoft. Look at it, at 167. How about that. Any comment from anybody, please . Is our breath taken away . Ashley we are in awe. Lauren the alphabet 1 trillion club is truly, truly remarkable. We have three companies right now in the u. S. That are at 1 trillion. They are about a fifth of the overall market so sometimes we talk about this meltup, when those stocks go up, the rest of the market will go up and vice versa, unfortunately, on the downside. Amazing. Stuart is amazon a trillion Dollar Company . Lauren not anymore. It did hit it. It is no longer. During one day back in september of 18 it hit it and has come back down which is a cautionary tale. Alphabet is really interesting because its almost like a box of chocolates. We know that the search business is great. We know they are making all this progress in the cloud. But we dont one of the strongest internet businesses on the planet is youtube. We dont have a breakout of the numbers there. Waymo could be your best autonomous selfdriving play. We dont have the numbers. It will be very interesting, new management coming in, they will report february 3rd, see if they share more details. That could take the stock higher. Lauren maybe a dividend for the first time. There you go. Stuart how about that. Does anybody here invest in dividends . I do. Capital gain is preferable. Apple, take a look now. Its still riding high. A former star apple analyst gene munster earlier on the program today, he said the skys the limit for that stock and its moved up, 316. What have you got to say about apple . The story is so great. If we go to 5g, they are so wellpositioned to provide the phones that everyone is going to want. Of course, the service component, too, is growing by leaps and bounds. Thats a recurring revenue type of situation. Having said that, of course, net income was down last year. They made it to the flat line by buying up the stock but the stock is up almost 87 . Guess what, it cant go to the sky. Stuart okay. Producer, can you show me that board where youve got all 30 of the dow stocks . Ashley heat map. Stuart we call it the heat map. Justin, thats your name, all right, put it up, please. Look at that. I see, what, six, seven stocks down. Ashley boeing. Stuart whats the big loss . Ashley ibm. Stuart ibm is down. Boeing is down. You have six, seven stocks among the dow 30, thats why the dow is up only 30 points, where weve got the nasdaq and s p up much more solidly. Lets move on. Tesla. Where is that stock this morning . Roughly, yeah, 511 a share. Again, tech watcher gene munster with us earlier, said very bullish on the stock over the long term. He said it gets to 900 and thats in a fouryear period. There will be ups and downs before then but its primed for 900 a share four years down the road. Comment . Well, so it only has to go up 6 more and thats going to trigger a big bonus payout for elon musk, once it hits basically 100 million market cap. Hes going to get about 347 million and of course, thats going to be helpful to him because hes already got 29 billion. Stuart that doesnt take it to 900 no, it doesnt. The concept is great, but i mean, the fact of the matter is, you know, theyve got labor problems now. Of course, registrations are down in california because they are taking away some of the ev tax credits because they hit 200,000 models a year. By the year 2022, it will be about 100 different models of ev cars all over the place. So love the concept, tesla hopefully will win. Stuart okay. How about facebook . Two news items there. Some competitors suing to get zuckerberg to sell his majority stake. Tell me about that. Ashley yeah, because they say quote, anticompetitive behavior. They say zuckerberg should give up control of the social media behemoth. They say it should be forced to sell whatsapp and instagram and so on and so on. Stuart a breakup. Ashley a breakup is what they are calling for. They say facebook is one of the largest unlawful monopolies ever seen in the United States and theyve got to halt this most brazen, willful anticompetitive scheme in a generation. Lauren nancy pelosi said the same thing. Stuart yeah, but far more important to the stock, i think, is the other news item on facebook. They are backing away from efforts to put ads on whatsapp. Thats the bigger deal, i think. Lauren whatsapp has 1. 5 billion users and its free. How do you monetize it . Facebook was considering putting ads on it but the founders of whatsapp said no, no, no, its one of the reasons why they left the company, because they didnt want to ruin the user experience. So what facebook is going to do now is try to monetize whatsapp in other ways by international feeds and also business services. Stuart okay. I wonder if ajit is watching the show because i just got another two robocalls. Okay. Move on. They just keep on coming. Lauren you are a little distracted. You are getting robocalls on your phone. Ashley they love you, stu. They love you. Stuart they wouldnt if they ever met me face to face and thats a fact. Dow is up 39, 40 points, okay. The rest of the market going straight up. Tenyear treasury yield, where is that . 1. 84. Thats a bullish signal. Money out of low risk bonds, going into higher risk stocks. Price of gold, it was up earlier, its up seven bucks now, 1557. Oil, 58 a barrel earlier, 58 a barrel now. Nbcs streaming Service Peacock announced how it will charge subscribers. There is a free version, i believe. Ashley three tiers. Theres a free version it will debut on july 15th, its got 7500 hours of programming. It will have ads, of course, and they estimate they can generate 5 per subscriber through the advertising. Then theres the next one, 4. 99 a month called premium, but you still have ads with it. Interesting. Then the big one, the Super Premium if you like, adfree, is 9. 99 a month but the premium ones, the top two will include live sports, fallon early. You will be able to watch that show at 8 00 p. M. Eastern instead of having to stay up until 11 00 which i find really no, no, this will get you excited. These things will include live sports, including nontelevised English Premier League games. Stuart oh. Ashley now weve got your attention. Lauren i just fell asleep. Stuart im buying. Im buying. Ashley 4. 99 a month. Stuart quick question about if a streaming service has ads. Im not sure whether its youtube or netflix but when i watch them, theres this little thing on the bottom corner that says skip ad, touch. Lauren youtube. Stuart its only four seconds worth of ads. Thats not so bad. Right . But the challenge for these Cable Companies is because its going to be less ads, they are not going to be able to charge as much as they are afraid of cannibalization from their main cable channel which is why i think if you keep paying for your cable, you will get the service free so you dont completely cut the cord. Stuart i think i now understand. I might just buy it for epl. The gap. Is it the gap or gap . Okay. Lauren gap is a company. The gap is the store. Stuart thank you. The gap, calling off the old navy ipo. When was the last time anyone you know went to the gap . Lauren well, to be fair to the company, theres one right across the street. I go there all the time. They have great kids clothes. I like the fact anyway, its not doing well. They have proposed a little while ago that they were going to split off their better performing chain, old navy. Now they are not they canceled those plans because they say its too confusing and theres no value in it in the end. Gap stock was surging on this news but now, it is actually down a little bit. Stuart 18 bucks a share on the gap. Look at this. We are having so much fun, the time just flew by. 9 40 eastern time, almost. That means weve got to say goodbye to david. Thank you for joining us. Have a great weekend. Stuart yes, sir. Thank you very much. I was expecting 50, 60, 70 point gain for the dow. Did not get it. In the first ten minutes worth of business, we are up just 20 points. Nice gains, though, for the s p and nasdaq and record highs over there as well, but not much action for the dow. The markets are actually at records. The economy, yes, it is booming. Coming up, we will talk with the white houses top economic guy, larry kudlow. Hes on the show 11 30 this morning. Talk about legends. Pete rose, back with us. We are talking to him about baseballs cheating crisis. It is a crisis, believe me. The army turning to video games for recruitment. They say video enhances skills that are good in a military environment. Weve got that story for you. Believe it or not, on monday next week, Varney Company turns ten. We have a huge anniversary show. As we say in television, you dont want to miss it. Well be back, promise. At fidelity, online u. S. Stocks and etfs are commissionfree. And when you open a new brokerage account, your cash is automatically invested at a great rate. 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Liberty. Stuart the dow is not performing that well, certainly not compared to the s p and the nasdaq. There are a few dow stocks which are down, among them boeing and ibm. A couple more as well. But we are still up 40 on the dow. Fiat chrysler are planning to develop new electric vehicles with wait a minute, ash, fox com . Ashley the cycle of cell phones is down because people hang on to their iphones. They are teaming up with Fiat Chrysler to build electronic vehicles. They will have 40 or less of this particular project but look, they are going to create the chassis and a lot of the electronics that go along with this. Interesting, because china is a huge market for autos but the Sales Numbers have been really weak in the last couple years, even for electric vehicles, because the government subsidies there, as they have here for tesla, have started to peter out. So its been a tough go, but we think of fox com as iphones and all that, now getting into the car business. Stuart interesting. Got it. Thank you. Look at this headline from the hill. Quote, a gopled edge red states see less unemployment, more Economic Growth. Kristen tate, opinion contributor for the hill, wrote that article. This seems to dovetail precisely with the blue state exodus over high taxes. Spell it out, please. Youre exactly right. When you look at the last election cycle and you compare it with Economic Data, a trend becomes very clear which is that electing a republican governor even without a matching gop state house generally means that your state will see less unemployment and more growth, among the 20 states with the lowest unemployment or actually, the 23 states because three states tied for 20th place, 17 of them had a republican governor prior to 2018. North dakota is a great example. That state has a 2. 5 Unemployment Rate. Its really prospered in recent years because the Republican Leadership has embraced fracking technology, and the kind of growth we are talking about, stuart, really benefits workers at all levels of the economic ladder, people like waiters and servers in places like north dakota, utah and florida are bringing home multiples of the federal minimum wage. Some are taking home as much as 20 an hour. The big takeaway i want to convey here is that these gop championed principles like lower taxes and businessfriendly regulatory environments, they are creating booming economies in red states. Stuart is this a trend which is speeding up, becoming more obvious . What do you think . Oh, of course. As these red states are booming, we are seeing blue states like connecticut and new york see their residents flee. New york city in particular, i mean, new york is losing 280 residents per day and i want to underline how important the role of the governor is in these states. These people play a monumental role in the economic success of states because these people are really shepherding legislation through the lawmaking process and setting the agenda in the state. So 11 governors seats are up for grabs in 2020. We can only hope the residents in these states understand these trends and see whats going on. Stuart we have seen numbers of people leaving like california, new york, new jersey, connecticut, but we have not really broken down the numbers in terms of who is leaving these high tax states. I take it its people with money. Can you confirm that . It is. Its high earners but not only high earners, also middle income earners. People go where the jobs are and corporations are more frequently locating to red states with more friendly business environments, places like texas, like florida. So people will flock to where the jobs are and generally speaking, there are some exceptions, but generally speaking, for young workers, more established people in their careers and retirees, moving to a red state means you can hold on to more of your hardearned cash, you have a better chance at starting your own business and the power of your dollar is far greater. Generally speaking, republicans who run these states understand that individuals know how to spend their money far better than the government does. Stuart would you call yourself a republican . Im kind of a libertarian leaning republican. I made the move from new york to texas a couple years ago and it was the best thing i ever did. Stuart really. I didnt know that. Hold on to more of my money. I dont get hit with that state income tax anymore. The cost of living is much better. Stuart do you like texas . I love it. The people are awesome, they are friendly, everyone kind of understands, you know, why the texas economy is so strong. Theres a common mindset that really bonds the people of texas together and more and more people are jumping on board and making that move from places like california and new york. Texas, florida, arizona, these states are the future of the prosperity of the United States. Stuart i hear you, but i live in new jersey. Thank you very much indeed. Im so sorry. Stuart okay. Dont worry. Im doing all right. Thanks. See you soon. Theres something called a client poll, its from goldman sachs, and i understand this client poll is bullish on the president but wait a minute, whats a client poll . Lauren people who do business with goldman sachs. Its not their own strategists. Asking people who give them money to invest, what do you think of President Trump. 87 expect President Trump to win reelection. 87 expecting. Thats not representative of the electorate but of goldmans clients. Stuart wonder if thats an indicator. Lauren only 5 expect a recession this year. Thats indicative of the Strong Economy that people are feeling. Obviously if you are invested with goldman you probably have seen your investments go up quite a bit. Stuart you should have. You should have. Thanks, lauren. Look at the dow 30, please. Im trying to identify the red ones along the bottom. I cant read it, actually. Lauren intel, disney, goldman, boeing, ibm and united health. Stuart thank you. Thats keeping the dow to a gain of just 30 points where the other indexes are much better than that. Soda stream, thats the device lets you make your own bubbly drinks, returning to the super bowl. Theyve got a new ad. Their last ad was six years ago. The ceo of soda stream, on this program next. Ng your Credit Card Debt into one monthly payment. And get your Interest Rate right so you can save big. Get a nofee personal loan up to 100k. Get a nofee personal loan through the at t network, edgetoedge intelligence gives you the power to see every corner of your growing business. From managing inventory. To detecting and preventing threats. To scaling up your production. Giving you a nice big edge over your competition. Thats the power of edgetoedge intelligence. What do advisors look for dont just track an index, help me meet a clients need. Is the fund built to sell or built to last . Etfs are only part of a portfolio. So make it easy to explain. Give me a quality fund that helps me get clients closer to their goals. Flexshares etfs are designed and managed around investor objectives. So you can advise with confidence. Before investing, consider the Funds Investment objectives, risks, charges and expenses. Go to flexshares. Com for a prospectus containing this information. Read it carefully. Oh no, here comes gthe neighbor probably to brag about how amazing his Xfinity Customer Service is. Im mike, im so busy. Good thing xfinity has twohour appointment windows. They have night and weekend appointments too. Hes here. Bill . Karolyn . Nope no, just a couple of rocks. Download the my account app to manage your appointments making todays Xfinity Customer Service simple, easy, awesome. Ill pass. Stuart for the First Time Since 2014, pepsis sparkling Water Division, soda stream, by the way, is returning to the super bowl with a new ad. Brian welch is with us, the general manager of soda stream usa. Back to the super bowl with a very expensive commercial after six years of absence. Why . Good morning, stuart. Stuart good morning, yes. In 2014, we were an alternative to soda and cola specifically. This years focus will all be about repositioning the brand to sparkling water brand. Stuart you guys made 5 million or somewhere thereabouts for 30 seconds. Repositioning a brand like soda stream, its the biggest stage in the world and thats the right place to do it. Stuart when you say repositioning it, what does that mean . How will you reposition it . Its still a sparkling water product, isnt it . Absolutely. Stuart with lots of competition. Before the focus was on making soda, making cola. Now it is all about making sparkling water. Thats where americans are going. When you look at the beverage business, thats where the growth is happening, sparkling water is leading growth right now in beverages. Stuart why . Health and wellness. People looking to get sugar out of their diets and this is an easy way to do it. Stuart you are owned by pepsi. We are. Stuart i just found out that this morning. We are. Last year they purchased soda stream. Stuart they wanted a sparkling Water Division to enhance their health view of beverage. Sparkling water, and its all part of their beyond the bottle strategy as well for the future. Sparkling waters on trend and so is removing Plastic Waste from the environment. Stuart okay. I will get to that in a second. What about cbd . Any plans to put cbd in your drinks . None. Stuart none . None. Stuart because youre not supposed to imbibe it. You can put it on as ointment or something. This is about sparkling water. Stuart you are not interested in that at all . We are not. Stuart this is an odd question ive got for you. Shoot. Stuart counter space. The modern american kitchen is jampacked full of gadgets, whether its espresso machine, coffee machine. A pasta maker, you know. Breadmakers. Stuart you are kind of jammed up on the counter there. Is there room for a soda stream . They call it the most expensive real estate in the world, is the countertop. You know what, the cupboards are also jammed with plastic bottles. When you think of the overall space in the kitchen and trying to manage that overall real estate, this is actually really economical. Stuart is that what your ads all about . You dont want single use plastic bottles any longer . Thats the ad, isnt it . That will be part of the ad. Its all about sparkling water and health and wellness and removing Plastic Waste from the environment. Stuart brian, youre all right. Thanks for joining us this morning. Appreciate it, sir. Thank you very much. Okay. How about this. Dukes of Hazzard John Schneider is on the show next hour. Hes here to tell us how his wife used cbd to help during her successful cancer treatment. Its been a huge week for the president. China deal, phase one, done. Usmca, passed. Both big wins for the president. The flipside to that, Speaker Pelosi celebrating impeachment. I will wrap it all up for you in my take which is coming up next for you. This is the age of expression. Everyone has something to say. But in a world full of talking, shouldnt somebody be listening . So. Lets talk. We are edward jones. With one Financial Advisor per office, were built for hearing whats important to you. One to one. Edward jones. Its time for investing to feel individual. When i lost my sight, my biggest fear was losing my independence. Mmm. Good. So ive spent my life developing technology to help the visually impaired. We are so good. We built a guide that uses ibm watson. Stuart . My dream is to help millions more people like me. Stuart were a half hour into the trading session, more record highs on the markets, and precisely 10 00 eastern. Were getting a report. Were waiting. Stuart this report is important because we have a fully employed economy and this is how many job openings weve got. 6. 8 million, a little short of what we were expecting. 7. 2 million, but 6. 8 million job openings. Stuart that means unfilled positions, whether weve got people to occupy those positions, thats another story but 6. 8 million openings. Equally important consumer sentiment. Thats important too. Im not sure we have got that number yet. Yes we do. 99. 1 [inaudible] down a bit. This is a january number. This is how do consumers feel about the economy right now. Its based on jobs and wages. And also theres a number that does preview their expectations, not a terrible number but a little bit of a disappointment. Stuart our guest is here. I know you are a specialist in Entrepreneurial Companies. Address the big picture for a second. You have this jobs report 6. 8 million unfilled positions. Consumer sentiment slightly lower, make any difference to the bull market . No, i dont think so. We were looking at low Interest Rates, continued growth among the key large cap Entrepreneurial Companies. Small Cap Companies are very strong, coming out of the gates very strong, you have 16. 1 , another 5 1 2 percent year to date. We are seeing growth across areas. We still have concentration in the two largest companies, microsoft apple running about 16. 6 . I see growth from the other nontrillion Dollars Companies in 2020. Stuart the bull market is intact. It is intact. We may see some profit taking later on, you know, later in january, early february. When you took your microsoft gains, you did a smart move. Stuart you dont have to rub it in. I left a ton of money on the table no it is good. Stuart the big board shows a gain of 56 points as we speak. Weve also got a new high on the s p and the nasdaq as well. Bull market lives. Now this, january 17, 2020, the end of a week that saw Speaker Pelosi celebrating a narrow partisan and in my opinion spiteful impeachment. Elizabeth warren desperately playing the sexist card and a media that is collectively losing its mind at the thought of another four years of President Trump. What a week. Thats one side of the ledger. On the other side, what a contrast, another round of stock market records. Check your 401 k , you will see what its done for your retirement. Views on the economy showing exceptionally strong Consumer Spending. A china trade deal that reshapes the u. S. China economic relationships. And then another new trade deal with canada and mexico. Without putting too fine a point on it, the democrats are on the negative side. The markets, the economy, President Trump, on the positive side. What did the democrats do this past week to help every day people conduct their lives . Handing out commemorative impeachment pens and gleefully trashing the president of the United States hardly qualifies as help for the little guy, now does it . Where were the democrats at the china deal signing ceremony . Absent. They were on the other side of capitol hill giggling about their impeachment triumph. Even the usmca got a no vote from the Democrat Senate leader Chuck Schumer and their leading candidate Bernie Sanders. In fact, it was another week marked on the left by continuing contempt for the president. Trump hate continue to cloud their judgment, cant get past it. They keep looking back to election day 2016, and they are not over it. Their vision of the future is tax the rich, spend trillions and lets get back to the good old obama days. Fortunately, this friday morning, its the positives that are way out front. Deals with all four of our top trading partners that will grow the economy. The stock market delivers a 13 trillion dollars boost to the nations wealth. You have been watching history. The democrats are on the wrong side of it. Im absolutely convinced that my friend and colleague Lawrence Jones will agree with me. Isnt that right . That was a good monologue. Heres the deal. 31 democrats that were in swing trump districts promised to get healthcare done, going to give American People more tax breaks, get dreamers, right, citizenship and they didnt deliver on any of that. These are the people that were trying to tell the progressive caucus that calm down. Nancy pelosi lost her caucus; right . Shes known as a strategist. This was not a strategic move. She thought she had power in the senate. She got nothing. I think there will be backlash when it comes to the 2020 election. The big question is, was it worth it . Stuart i sit here every day for three hours and i look at whats going on around in the world in money and politics. The positives keep winning. The stock market records, the economy growing, the president and his trade deals. It is the positives that are winning. Im happy to say that, by the way. Its the negatives again this is my opinion the negatives that are losing. Let me take you back to the democratic debate. Tom steyer got on stage and said that the economy is what the democrats should be running on. How do you run against this market . How do you run against jobs, unemployment numbers . Stuart he said it is not fair. Right, the democrats have a big case to run against this president when it comes to the economy because they dont have anything to deliver to the American People. To see them get on stage and talk about this is going to be a race based on identity politics. They have nothing to deliver to the american peel people. If they had gotten healthcare done the president is a moderate on most issues. They said look we delivered this with the president. Instead they will be running on something different. I dont think the American People theres a silent trump voter. I know because i have been across the country. They dont want to be on camera or answer polls but they are going to vote for him. They agree with their pocketbooks. Stuart it is hard to fight prosperity just because you may not like the language or the persona of the president. Right. Stuart lets turn to joel. If you look back at this past week or the year so far, the positives are winning and the positives are pushing that market up. I mean, where am i going wrong here . You are not going wrong. We look at since the china deal first made people a little nervous, you know, in the last year or so, markets are up, you know, 30 , year to date, across the board, large cap, mid cap, small cap, nonu. S. , i mean things are up in our case with Entrepreneurial Companies 5 , 4 , and 6 for different baskets the markets are way up. Job growth is strong among many Large Companies and small companies. So across the board, were seeing strong news, compelling news that says weve got a very vibrant economy. Stuart we do indeed. Hold on a second, joel. Lawrence, one last one, do you see President Trump winning significant a big win in november of this year . As things stand . I think he wins the house as well and nancy pelosi is retired. I think this impeachment stuff is really going to backfire because the country wants the members of congress to get back to work and they have made this supposedly solemn moment into a political show. You know, i think it is going to backfire. Stuart always a pleasure to have you on, lawrence. Thanks, brother. Stuart i like that brother bit. [laughter] thats right. [laughter] stuart you are all right, mate. [laughter] im from the south. [laughter] stuart i like it. Listen to this, this is for joel, listen to what tech watcher gene munster said about apple in our last hour. Roll that tape, please. One of the biggest drivers is going to be 5g. We hear a lot about 5g. I believe apple is one of the best plays on 5g. Its going to start in a couple years. Theres going to be some gives and takes as we ease into this paradigm, but stick with me for a minute. This is going to be the fabric of tech for the next decades, and i think that is ultimately going to move this stock into the 400s and beyond. Stuart you heard that, joel. I know you are sort of an entrepreneurial kind of guy. You cant ignore what he had to say about apple. Right. We also have large cap entrepreneur companies too, which there are a number of those. Apple is an interesting case because apple people dont realize that in the last five years, their profits have gone from 53 billion to 55 billion. Its essentially flat. We are talking about a stock thats gone up 3x, three years about 105. Today about 316. Its gone up 300 in the last five years, the profits are flat. China, people talk about china growth and so forth, i mean it is down from 58 billion in sales to 43 billion the last few years. This is a stock thats got way ahead of itself. They have an executive who is getting about 130 million per year stuart you think it is ahead of itself . 5g, no question about that, that it will be a driver for this market. I think a lot of people have already baked that into the stock. Etfs in the marketplace are buying you know, are pushing up apple. Microsoft because they are part of almost every major basket out there. Stuart joel, thoughtfully you did not push apple stock down. Still at 316 on the upside no matter what you said. I dont think im going to push it down. Stuart no you are not. Joel, thanks for joining us. Appreciate it. The market is at record highs. The economy i will call it booming. Next hour, we will talk with the white house top economic guy larry kudlow, 11 30 eastern time on this program today. Also next hour, another big guest, baseball legend pete rose. Hes with us. Hes going to talk about this growing baseball cheating scandal and much more. But coming up next, the army using e sports and video games to help recruit. Theyre using e sports to get potential recruits a taste of what military service is like. Interesting. Yeah. Stuart we going to talk about live reports and break it down for you, all about whats on your screen right now. We will be back. This rounds on me. Eat. Hey, can you spot me . Come on in. Find your place today, with silversneakers. Included in most Medicare Advantage plans. Enroll today by calling the number on your screen or visit getsilversneakers. Com uhh, excuse me, is there a problem here . Youre in a no parking zone. Oh, i. I didnt know. You didnt see the sign . That. That wasnt there when i was here earlier. whimper really . You know, in italy, they let you park anywhere. Have a good day, sir. With geico, the savings keep on going. Just like this sequel. 15 minutes could save you 15 or more on Car Insurance. glass shattering frustrated yell car horn blast yelp stuart chinas Economic Growth rate came down to a 30year low last year. Down to 6. 1 in 2019. 6. 6 in 2018. Part of the problem is weakness in consumption in china. Auto sales for instance down 9. 6 year over year. Growth in retail spending decelerating to 8 over a year earlier. A lot of downward pressure, and by the way, the imf, which i dont frankly believe anything they say these days, they are not the best in forecasting, but they do believe that chinas economy will continue to slow down, 5. 8 this year. Its been really decelerating and certainly the trade war has not helped, but if we get agreements for that stuart phase one, maybe that will help them get back up again. We will see. Check the big board. We have a very modest gain for the dow industrials. Some of the big name dow stocks are not doing well, but were still up about 30 points for the dow. S p, nasdaq, record highs. Google has reached and is still at the trillion dollars value level. Were at 1465, just a tad over a trillion dollars valuation. Third American Company to reach that level and stay there as of now. Tesla planning to open a design and Research Center in china, not helping the stock. It is down 1. 20 at 512 a share. Ubs raised its rating on snap. Thats helped them gain 5 this morning. Gap, theres a retailer getting multiple price target hikes, after announcing it will not spin off old navy. The stock, though, is down 10 cents. Interesting story here. The army using video games to recruit new members. Grady trimble at a gaming conference in texas. Tell me more about this, grady. Stuart, it is all about meeting young people where they are, so they have these massive gaming conventions. You expect to see Different Companies try to capitalize on the growing industry of e sports and video gaming what you may not expect to see is a boost for the u. S. Army, but they found a lot of success trying to recruit young people at events like this, and they actually have an e sports team. This is the guy who came up with the idea to introduce that team and use it as a recruiting tool. I got to be honest, when i saw this, i said how does video gaming translate to being in the army . So what do you say to that . So the easy one is obviously handeye coordination, but theres additional things where Critical Thinking come into play, being able to take large amounts of data, being able to process that and taking these very complex games and taking them to the height of their efficacy is some of the attributes we look at. Also, stuart, they have a big trailer that we visited this morning and we saw that they take this trailer to all sorts of events like this one and high schools across the country. They bring them in, let them play games and have a chat with them about maybe enlisting in the army. Stuart . Stuart thats fascinating. Grady, im going to move in to bring in video gaming expert. Rob, the whole point here or part of it i think is these games are extremely realistic. They really take you on to the battlefield. Thats a plus, i guess, for recruitment. Absolutely. And not only that, the army is using e sports as a way of bridging the gap to gamers. The modern day soldier is really not that different than you and i, and especially when you think about games as a whole. Everyone is playing games now. You have lawyers, doctors playing games. Any way you can take these games and help you realize maybe i could be a soldier, i relate more to these people than i realize. Stuart careful how you say about lawyers playing games. [laughter] stuart thats a tricky subject for people. New numbers please on video game sales. For the holiday period for december alone down 15 according to npd, and in fact down five months in a row, but the reason for this is the new consoles are not coming out till later this year. So there was a big hole there if you wanted to buy something new and mobile gaming is very big. Stuart rob, come back in again. Sales are down because these new consoles are not here yet. So what is my look, im not a gaming kind of guy, so i dont understand. Spell it out for me. So what . So towards the tail end of a gaming console cycle we will always see game sales go down. Were seeing xbox will launch their xbox series x around christmastime, a play station five coming out. Mobile sales are up as well. Looking at like 200 Million Dollars in revenue probably in 2020. We could anticipate the gaming sales are going to increase, but even then, there are some of the largest hits that weve had in 2019. Stuart did you say 200 million or 200 billion in sales 2020 . I believe it is 200 million, but i will have to go back and check. You can check my twitter. Stuart you have sales down 15 in the holiday period, is that why gamestop is not looking too good at the moment . I dont think that thats really gamestops problem. Gamestops problem is a changing of the age. Their entire Business Model is becoming something thats completely antiquated. As we enter an age of more digital downloads, people no longer need a brick and mortar store to go and get their games. They prefer to buy it right there on the microsoft store, epic game store, all that sorts of stuff. Stuart all right, captain rob, thank you very much indeed. You are our gaming expert. We appreciate it. Thank you very much. Thanks for having me. Stuart how about this one, this really stumped me when i saw it. California Governor Newsom wants to cut traffic ticket fines for low income families. He says that will prompt people to actually pay the fines. Can you believe that . Well deal with it. Next hour President Trump welcomes the lsu Football Team to the white house. They won the National Championship. Theyre joining the president. No politics. How about that . Well be back. Stuart listen to one, california plans to raise taxes on a Company Based on that companys executive pay. Spell it out . Yeah, so the bigger the disparity between what the ceo earns and what the average worker for that Company Earns will determine how big your tax is going to be. Bob iger at disney earned 75 million in 2018, 1400 times than the average worker that he oversees. I dont know exactly what that works out to because they didnt give the formula. This is being proposed in california, come out of committee. It will go to the senate by the end of the month. Guess who is behind this really pushing hard for this is abigail aris, who says people shouldnt have to go to the food bank while working at the happiest place on earth. Stuart we hear that. Another beauty, thats what the script says, another beauty from californias Governor Newsom. Hes considering reducing traffic fines for low income drivers. Our guest is here with us from los angeles. All right, how little do you have to make before you get the break . Sit on your bum and you dont have to pay half of your ticket. The magic number, stuart, good morning to you, 27,000 a year or less. If that is your salary, or you just do nothing in life, if you get a ticket, dont worry about it. Its only half. So for everybody else, well be paying the full price. As you go past us on the freeway, driving like a maniac, thats the new proposal, legislation at a cost, by the way, to the state budget just to set the program up of 56 Million Dollars. To say nothing of the fact that there are 3. 6 million tickets written in the state, and 1. 8 billion dollars worth of those are delinquent. Thats what the governor is trying to get at. Stuart real fast, whats the response of california residents to this . Just listen to what these people are saying. Stuart its coming. We lost it. Oh, im sorry. We lost it. As you can imagine, stuart, they are not happy. [laughter] it is not a fair concept. Its riling people up. And you know what happens, it starts here in california, and that trickle effect works its way across the country. Stuart dont say that. Thanks, kurt, im sorry about the sound bites there. We will get them sooner or later. Did you know by the way that ten years of Varney Company premiered. We will be celebrating that on monday. We have a whole list of guests who have been a part of the show since the beginning. It will be good. Were celebrating come monday morning. President trump just tweeted about lsu. Hes gearing up for that event at 11 00 this morning. We will show it to you. Stay with us. Much more. We will read it to you later. Much more varney just ahead. Most people think of verizon as a reliable phone company. But to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. And i recently had a heart attack. It changed my life. But im a survivor. After my heart attack, my doctor prescribed brilinta. Its for people who have been hospitalized for a heart attack. Brilinta is taken with a lowdose aspirin. No more than 100 milligrams as it affects how well brilinta works. Brilinta helps keep platelets from sticking together and forming a clot. In a clinical study, brilinta worked better than plavix. Brilinta reduced the chance of having another heart attack. Or dying from one. Dont stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. Brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. Dont take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. Slow heart rhythm has been reported. Tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. If you recently had a heart attack, ask your doctor if brilinta is right for you. My heart is worth brilinta. If you cant afford your medication, astrazeneca may be able to help. Stuart not a favorite. [inaudible]. When it comes to the beatles, whats wrong with this . Stuart too popular. The name of our executive producers daughter he has a name. He reminded you. Stuart he has a name. His name is justin. Its your song, penny. Got ya. Check the price of oil, please. Were at 58 per barrel, and my next guest says this is not necessarily to do with the price of oil. The state of pennsylvania, life in pennsylvania, is better than it is in new york state in part because of fracking. Daniel turner is back. Hes power the future president. Okay, pennsylvania allows fracking, a big industry. New york state does not. Does that account for big difference in life between the two . Tremendous. We wanted to do a study comparing the economy in both states with regard to the fracking issue. They both sit on the marcelas shale formation, which is the largest in the nation. Pennsylvania has taken advantage of it. New york has not. Governor cuomo has outlawed fracking in the state. The most fascinating statistic i found in the study we did was in the height of the Great Recession 2007 to 2012 when pennsylvania was losing jobs this industry created more than 15,000 jobs 15,000 jobs paying 30 more than the average salary. When we continue that trend from 07 till now, pennsylvania has created close to 40,000 jobs in this industry. New york has created none. Pennsylvanias contributed almost 2 billion dollars to their economy. New york has contributed none from this industry. Land is more valuable in pennsylvania. Gdp is better in pennsylvania. And its not because of circumstance or happened stance, it is because of liberal policies. Stuart it is because the governor of new york, andrew cuomo, hes a global warmer, hes a climate warrior and he doesnt want fracking because it creates the fossil fuel of natural gas and he wont have it. In fact, the senate as you know, daniel, the Senate Passed usmca yesterday. Eight democrats voted against usmca, including Chuck Schumer, the democrat who leads the senate as a minority leader. It strikes me that a Climate Change is really getting to the core here of why new york is not doing as well as neighboring pennsylvania. Exactly, when you have this Climate Change liberal philosophy and you inject it into everything, your state is missing out on opportunities. Gillibrand, the other new york senator who voted against this says she couldnt vote for it because it would do nothing for jobs in up state new york. If you want to help jobs in up state new york, open it up to frack. Look at pennsylvania and look at their environmental record. Look at what its doing for their economy and for their citizens in rural communities. It is shameful that new york is not allowing this to happen. Stuart pennsylvania obviously is a swing state. Yes. Stuart vital for the reelection of President Trump or the election of a democrat. How the democrats go out there, like Bernie Sanders and Elizabeth Warren and say no fracking. Well kill it. What are you trying to do . Lose pennsylvania . Exactly, with these thousands of people who work in this industry, how are they going to vote someone who wants to ban fracking on their first day . New york would be in much better shape economically if it were allowed to happen. Stuart it is not going to happen. No, it is not. Our entire study is available on power the future. Com. Its a great study. Stuart spent 25,000 on it. To make sure we got the facts and figures right. We hope to send it to many legislators and the governor and definitely send one to gillibrand and schumer. Stuart thank you very much, daniel. Thank you. Stuart microsoft wants to be it says carbon negative. Stuart by 2030 . It wants to erase its entire Carbon Footprint in the past 45 years so it wants to remove as much carbon from the environment as its emitted and it is spending 1 billion dollars to basically develop technology that will help them to do that. Stuart okay, it is retroactively getting rid of the stuff its produced in the last 45 years. We have seen a lot of companies on their own say we care about the environment and we want to do what we can to protect it. Stuart i think the importance of the story is that this is a major corporation. It is microsoft. And a lot of other corporations are beginning to use Climate Change as part of their ongoing strategy going forward. Microsoft is leading the charge. Yesterday, black rock said basically investors will be angry if corporations if we dont invest according to the environment. Stuart overall the market is still clinging on to a nice solid gain, up 68 for the dow. S p up. Nasdaq is up. Microsoft up at 166. The crime drama law and order it was filmed in new york. One of the shows stars endorsing the former mayor. Who would that be . That would be Mike Bloomberg. Stuart i know thats not bloomberg. Thats the law and order guy. Hes endorsed bloomberg . I guess so, yeah. Stuart oh okay. Were going to find out. Stuart we will find out. Check our big board, bottom right hand corner of your screen, up 60 points for the dow. Were holding on to a lead. But look at that level. 29,357. May i remind you, that back when President Trump was elected, that november, 2016, the dow was at 18,000. Now its 29,300. How about that. Weve got news from irans Supreme Leader ayatollah khamenei. Hes defending his military over the shooting of the ukrainian plane. Defending his military for the shootdown a slap to the face of the United States stuart what was . The shooting down that ukrainian plane, that was not a slap to the United States no, but the response to [speaking over each other]. He said the west including the u. S. Took glee in the fact it was shot down because they blamed iran. The slap to the face was which he began the speech with was the attack on the iraqi bases where the u. S. Soldiers were because of the taking out of soleimani. He very rarely addresses the country. Hasnt done this since 2012. I think hes realizing that the mood on the streets as weve seen in tehran and other cities has been ugly. Theyve turned on their leadership. Theyve turned on the Iranian Authority saying how could you shoot this plane down by accident . And khamenei tried to deflect some of this towards anger at the west. But, you know, its interesting because we have seen those protests. Weve seen some brutal slapdowns of those protests by the iranian authorities. Stuart we have also seen the president telling the iranians dont threaten us again. He called President Trump as an evil administration, called the president a clown. I mean, he was clearly on the offensive. Stuart no response from the president just yet. None at all yet. Stuart newly released audio from senator warren explains why she was upset and snubbed Bernie Sanders handshake. We will play it for you and show you how the massachusetts senator is contradicting herself. At 11 30 a. M. , white house top economic guy, larry kudlow is on the show. More Varney Company next. Do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. This rounds on me. Eat. Hey, can you spot me . Come on in. Find your place today, with silversneakers. Included in most Medicare Advantage plans. Enroll today by calling the number on your screen or visit getsilversneakers. Com i think you called me a liar on national tv. Stuart thats a Pivotal Moment for the warren campaign. Thats where she was going after Bernie Sanders right after the debate there. I think she played the sexist card. Thats my interpretation of what that interchange amounted to. Bringing in now please tammy bruce, and i bring in tammy this point on this subject because tammy was the president of now in los angeles. Lets not remind us but gives me perspective. Stuart theres no harm in reminding. Thats true. My politics havent changed in that i do think women can make a difference. We do in business and politics. We see this troubling dynamic, and even with hillary or Elizabeth Warren is this tendency to then use that characteristic of ourselves as though that makes us special or in and of itself better, when it comes down to character, so for far too long theres this sense that women have different character than men, whereas we dont. That theres a value of character that we usually see with men in power so we maybe associate that with masculinity and different characters with femininity, but the fact is honesty, being forth right, having a good sense of what matters in america is what matters, and yet, this she knew what she was doing there. She knew the mic was on. The cameras were still going. She wanted to make a point of either making him calling her a liar. Look at her history. She effectively people say she lied about getting fired because she was pregnant. Those kinds of things, using the aspect of being a woman to try to either get sympathy or to move ahead when we have to move ahead based on our ideas and our policy. Stuart it is not working. She has played the gender card i think that is a better expression that is correct, yes. Stuart she hasnt been entirely truthful about some things in her past. Thats right. Stuart this identity politics is not working because she is it is not working for her. It certainly didnt work for hillary. And yet theyre presuming that the American People can be manipulated in this way. I think Kamala Harris thought it would work for her, just because you are a woman. Were far enough ahead now to where we are competing in the political arena, in the business arena, but we must deliver, and people expect us to deliver on good work, deliver on good policy, deliver on good management, as opposed to presuming that there should be a different standard because were women, and this approach for highprofile political women says that you should try to just get people to accept you because of your gender. When the feminist movement was in fact trying to break us away from expectations and gender stereotypes and now were falling back into that trap and it is not going to work. Stuart i want your comment on Something Else that occurred yesterday. That was President Trump, he was at the white house, addressing the media, taking some questions. And an old nemesis from cnn tried to interrupt him. Lets see what happens. Roll tape. A conversation that i remember with him [speaking over each other] quiet. You just have to take a look at the pictures and look at the polls. I dont need anybodys else. That was the cnn reporter constantly interrupting the president. I think the man was right to say quiet. Its about leadership. It is about managing an environment. It is what you do in business. It is natural. It is like handling in the case of acosta a child thats running around, that youve got to give them some kind of a parameter. People like acosta are relying on the news briefings every day, they want to get some attention. That of course theyve abandoned their work, the notion of trying to get information from a president , but thats the president of the United States. Treat that person accordingly. And of course he says that by the way to a lot of reporters who try to interrupt him or when he needs to make a point, and to now complain about the president s style, which is about leadership, of course is old hat and dumb i think at this point. Stuart hes abandoned the Old Fashioned press briefing because it was a circus. Thats right. Stuart hes gone into just controlling the media because he dominates. Hes also the most accessible. Stuart he is, more than of anybody. He is the most accessible individual, talking all the time. Sometimes they complain he wont stop talking. The fact is that the American People appreciate that. The medias unable as a result to control the narrative because of his nature. And thats good news for us. And acosta of course is finding out that, you know, we want to hear from the president. We dont want to necessarily hear from him. Stuart thats very true. Especially cnns ratings. President trumps tax overhaul driving savings for top american banks. Lauren, tell me that one please top six banks saved 32 billion dollars since the 2017 tax cuts. 32 billion dollars. That has helped many of them, jpmorgan, Morgan Stanley report their biggest profits ever for 2019. Stuart i forgot to say thank you, tammy. Oh my pleasure. Stuart i turned away to a totally different story and i dissed you. No, you didnt. I read your mind. [laughter] stuart remember the show, put it on the screen. Oh, who you could forget. Dukes of hazard, one of the actors is going to join us, not to talk about the show, to talk about how cbd helped his wife. John schneider is with us, momentarily. As a struggling actor, i need all the breaks that i can get. At liberty butchumal cut. Liberty biberty cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Whats going on here . Lets go see whats going on. Stuart you should see the studio audience watching that clip. We all remember the dukes. Who can forget. My next guest, you know him as bo duke from dukes of hazard. On the show he and his cousin trying to were trying to do the right thing. And the law was a little crooked. Thats all. Stuart your wife is with us, i believe. Yes, she is. Stuart your name is . Alicia. Stuart got it right. You use the product cbd as part of your treatment for cancer. Am i saying it right . Tell me the story. Correct. I was diagnosed memorial day weekend in 2019, with a very aggressive cancer, stage 4. It was on legs, arms, rib cage and in several parts of my spine besides my breast. It was very shocking, and i acted like the house was on fire. I locked myself up on the computer and did a ton of research, and along with doing adjunct along with traditional standard of care therapy, i decided to do adjunct therapy. One of the things that my grand father told me before he passed, many moons ago, was to keep your minerals in check in your body. And when i was starting to do the research, i stumbled along minerals, hemp, cbd oil and then another thing called keto for cancer. Stuart so you started to use or take cbd. , uhhuh, orally, twice a day. Stuart was it part of your treatment for cancer or the cure for your condition . It was conditioning my body to fight it, so i dont have a genetic marker for cancer. Stuart okay. At all. So for us with this, if my dna had a break in the system, how do we get my dna back to where get it back to normal . How do you get your body in the position to be able to fight whats happening right now, which means also accept the medication and accept the dietary change. What i believe because i was on the outside looking in is what cbd oil has done for us, or as we call cbod, go figure. Stuart i got it. What it did as far as i can tell is it readied her body it made her body more receptive to the medication. It made her body more receptive to the dietary change which also made her body more aggressive in fighting it. So i dont believe this is the cure, but i believe this is something that can help your body get ready for the battle that it is about to go into. You can win. Stuart you won . Yes, within five months, and thats what the crazy thing was. My pet scan that they did in may looked like a christmas tree. And five months later, my pet scan is not lit up. Stuart you credit a lot of that progress to cbd . And diet. Stuart and diet, i got it. Absolutely. Stuart i see a bottle here. It looks like its a drop. We do it under your tongue. Stuart okay. Do it once a day, in the spirit of dukes of hazard this is an apple moon shine flavor. Because honestly folks i believe in all cbd oil but some of them taste like the bottom of a lawnmower. [laughter] this one tastes fantastic. Im a big fan of it. You can also do it topically too. Everyone needs a little yee haw now and then. Stuart thank you. It was great to have you on the show. If someone tells you you have cancer, and someone tells someone you love you have cancer, you say oh hell no and you do the Research Like she did. Fight it. It is not a battle you have lost when you hear that. You can fight it. You must be active. You must be your own biggest fan, if you hear those words. Stuart youre good. John, alicia, both of you, thank you very much. You are welcome. Stuart coming up, couple minutes from now, President Trump welcomes the lsu Football Team to the white house, celebrating of course the National Championship win. Then baseball legend pete rose is coming on the show. We have a lot to go at with him including the growing baseball cheating scandal. Plus the white houses top economics guy, larry kudlow, it is truly an hour of champions. Thats what were going to call it, the hour of champions, coming up right for you. At fidelity, online u. S. Stocks and etfs are commissionfree. 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Stuart the president host the College Football champs lsu at the white house, this is going to be a celebration, they are the champions, it was their fans in new orleans who gave the president and the first lady the roar of approval, remember, usa, usa, 4 more years, the president liked it, he will enjoy hosting the champions, perhaps we can call this the champions hour, thats the news we are bringing you. Not quite the use of the word but we are covering a champion stock market, are we not, how many times have we said this, never seen anything like it before and i bet youve never seen your 401 k perform like this before either, the champion market is the result of a champion economy, sounds like an american boost, i know, but i will challenge you to find a major economy that can match ours for growth, super low unemployment and rapidly rising wages for the lowest paid, it is appropriate that we bring on larry kudlow, the president s top economic adviser, hes on the show in about half an hour, im not going call him the champion adviser but hes the man who plays a big part in steering this champion economy, and finally, around 11 50 we bring you baseball champion hitter pete rose, we want his take on the signstealing scandal, there you have it, the champions out, lets get on with it, we will start with a quick check of the big board, we have the champion market because weve got record high highs across the board, nasdaq is up 9, new highs all the way around. The economy is on fire too. Lets not forget usmca passed yesterday, 10 senators voted no. Lets deal with trade first of all, china trade deal, usmca, got it. I cannot believe how much people are underestimating particularly of usmca, look at the past year, look at the jobs market, business investment, usmca gets to the heart of that, 20 of manufacturing experts go to canada and mexico, when you put the rules in place, you see the investment come back, that brings the hiring, this is going to have a far bigger effect than most people are saying. Stuart if we were going to say, 1 and a half percent growth, will we get 2 and a half percent . I think its half percent bump. It is a big deal. Stuart it is a big deal. Is it just usmca . Yes, i think the china deal is a longerterm deal, look, we are talking about canada and mexico, a trillion dollars, one fifth of manufacturing expert power here, stuart, this is real, i talked to people in the midwest and industry are most concerned whats going to happen with canada and mexico, those are big trading partners, thats where you get big bang for your buck. Stuart lsu team assembling, lining up, firing up right there at the white house, the president will congratulate them on their victory any moment now hes going to have a good time, Brian Brendberg is still here. [laughter] stuart wow. [laughter] hes done an analysis of what it would cost for Bernie Sanders, all of his plans to lay out there how much do they all cost, add it all up, what do you think it cost, treasury secretary . I think he was coming to 6 trillion mark. I could cheat a little bit. Stuart how about that . Thats so far out of reach its not even funny. Forget about the number for a second, talk about what it means, stuart, when youre talking about 60 trilliondollar cost, youre talking about reinventing almost every aspect of our economy, everybodys life fundamentally gets changed when the government is going to add 60 trillion of new spending, by the way, those changes arent directed by you but bureaucrats, money is power, this is a power grab by the government and never exceeded on this scale. Stuart apart from the power and money side of things, every single democrat front runner, theres four of them, they all want to raise taxes and they all want to raise spending. I think that all those proposals would slow this economy down and probably turn it into a recession, what say you . I agree with that because i dont think any of the front runners care about economic, has been growth, yield jobs, yields wages, they have fundamentally denied actually for better part of a decade, they dont care, i think the American People care because they see the results in their pocketbook. They dont want to give low unemployment and wages. Stuart the president has just walked in. You can hear. Shaking hands all around. Hes going walk to the podium. Yeah. Stuart thats joe burrow, Heisman Trophy winner, quarterback, ive been told. Lets listen to him, come on. Yeah. Coach thats good, right . [cheers and applause] steve, thats good. But today its about the coach and the team and the unbelievable quarterback, unbelievable players, its really my great privilege to welcome to the white house the College Football National Champions, the Louisiana State university tigers. [cheers and applause] and coach, we have a lot of politicians out there, so many i wont really mention all of them, your senator, but we have a lot of great politicians out here and some Football Players, the politicians, i really respect Football Players a lot more. We are joined by many with purple and gold, robert lighthizer, one with china and the other one with mexico and canada and with china we will be taking 250 billion a year and with mexico, canada will be taking in hundreds of billions of dollars a year, bill, thats pretty good, right, makes our stronger better and better, you did a fantastic job. Again, senator bill cassidy, bill, youve been a tremendous supporter of the team and your state and we appreciate you being here very much, thank you very much, Steve Scalise. A lot of courage, you know, i went to the hospital. [cheers and applause] coach, i went to the hospital, he had a problem, you know the problem, i went to the hospital, doesnt look good, sir, he looks better now than before the accident, its a hell of a way to happen but Steve Scalise has a lot of gut. Hes a tiger. He fights like a tiger, right. [cheers and applause] mike johnson, mike youre around here some place, thank you very much for being and garrett, thank you very much, garrett, thank you for being here. Also here with us are louisianas attorney general terrific guy jeff and secretary of state art wong, where are you . Yes, thank you very much. Thank you, folks. To all of the incredible coaches and players, this team, your head coach, i watched him on television, i said, man, hes all man, hes a big, i didnt know if he had laryngitis. It was a combination of both. You did a job that a few people will ever be. [cheers and applause] as well as interim president of lsu thomas galligan. Behind me, i think we have to make him permanent. A hell of a job, don. Its not just for what you have done on the football field which is too, you rallied together against offensive coordinateors, steve. [cheers and applause] and the coach said you never waived. You never waived, so i want to thank you very much, thank you for everything youve done. [applause] this team showed the world what it is to look out for another. They considered choosing someone young every, youre pretty young guy, right . Younger, thats discrimination, you can sue them. [laughter] see nowadays you sue if you hear that, they want younger, lets sue them. [laughter] they made the right. Does that make sense. If i was casting a movie i told him thats my football coach. [laughter] eddied not let louisiana down in any way and today coach o as they call him, you may well be the most beloved coach anywhere in the land. We have some great coaches. [cheers and applause] we have great coaches and you played against great coaches last year. But we have great coaches, but the job youve done is incredible. On the road to the title this team overcame a brutal schedule and i had no idea how brutal until i looked at the numbers, you defeated 7 teams in the top 10, four in the top 5 and beat the National Champions of the past 4 years, so what did you do, you get the schedule and you look at it, what did you do when you first saw the schedule, coach . You werent happy. [laughter] now think of that for a schedule, you know, you get your schedule, wait a minute, every team is like a great team we have to play. You didnt have too many easy weeks but your explosive offense put every opponent to breaking point and to the breaking point and for the First Time Since the legendary coach paul, name we all know and the fighting tigers of 1958, lsu had a perfect undefeated season, so rare, really rare. [cheers and applause] its amazing how seldom you see that, coach, right, its a hard thing to do, but your opponents did not make it easy for you and late october, number 9, au burn headed to death valley, it was all tied up at the start of second half when auburn took the lead for the third time in the game and lsu, single second in a single game. A championship you did. I was a little bit concerned. He didnt know the feeling. The next game i was in the stand. [cheers and applause] that was for the first time in 8 years alabama also great coach, great team, lsu was unstoppable and soon you faced oklahoma in the opening round of the playoffs and oklahoma had a great season, you shut the sooners down from the very first drive, lsu held oklahoma to their lowest total yards in a single game since 2015, Justin Jefferson had 14 receptions for 227 receiving yards and 4 touch downs. College football record. [cheers and applause] hes going to be so rich. [laughter] we are looking at money and this guy, chase, whatever the hell he is, where the hell is chase, hes watching balls all over the place, you guys are going to make so much money. I dont think your quarterback is going to do too badly, coach, i dont think they will do too badly, you beat oklahoma 6328, that doesnt happen with oklahoma. One last time, lsu learned that its star quarterback joe burrow was something very special, after breaking a bone in his hand playing at ohio state, joe sat on the bench and wasnt happy about it, i heard he was not thrilled. [laughter] that was not the happiest moment. He didnt like it, i heard stories, he was going a little crazy, then the coach took charge and took a change and brought him to lsu, soon became the best quarterback in all of College Football, not close, he set record with 60 touchdowns, i never heard of that, 60, averaging touchdown every quarter and won Heisman Trophy by largest margin in history. [cheers and applause] thats incredible. As he received the trophy he fought back tears, did you fight back tears . Little bit. If he told me he cried, maybe when he was a baby but i doubt it. He dedicated to kids of beloved home of athens, ohio, great state, thank you, joe. [cheers and applause] joe, i want to say on behalf of the country that you make our country very, very proud, youre really an inspirational talent and all of that, but youre an inspirational player and youre an inspirational person and the team respects you so much, with joe quarterback and team with unrival talent and beside him lsu had to win the reigning champions, they were very large, we served them a lot of food, they ate so much food we didnt know what the hell to do, they kept eating and eating, a team that had not lost game in 741 games, the clemsen tigers, they are really special, amazing, before the game the first lady and i walked around the field escorted from rotc cadets from both schools, we joined tens of thousands to watch the battle of the titans, this was a great game, tremendous game, coach had tremendous ratings on television, the ratings came in, they were not surprisingly but they were tremendous for what would be championship game, on your first drive, i think you might have something to do with it. Although these two guys may be too. You had a lot to do with it. On the first drive lsu offense was pinned back at your own goal line, i watched it. You havent been pinned back that many times because every time i saw you, you were in the 3yard line, what happened, constantly but you kept doing just fine, you did just fine. That was a rope a dope. Thats true, the first time you got the ball, you made the great play and they called it back as usual, you made the great pass, all over the place, he was going to be tackled 4 times like in the first play and you threw the ball and everybody was excited, then they said, theres a flag in the field. Too many flags, you know, referees they want to get themselves in the limelight. [laughter] that was a play that should have not been called back but thats all right. You punted after a rare 3 and out and soon clemsen struck first with a touchdown and for the first time all season they were behind. Chase, thats the man i was watching him, caught a 52yard bomb from burrow to tie it up, by the end of the day two catches and two touchdowns setting championship record with 221 receiving yards, thats phenomenal, come here jamal. Come here. [cheers and applause] you have to say something. How yall doing . How yall doing . Im just happy to be in the white house to be honest. [laughter] that was very good. [cheers and applause] if i practice, could i beat him in a race . Maybe head start. Little head start. I think i might immediate a head need a head start, then in the Fourth Quarter, terrace marshal caught beautiful 24yard pass in the end zone and lsu went up 42 to 25 and they were used to winning games, they won 28 in a row, coach, thats unusual feeling for them too, shows how great a team they have but all hope of a clemsen comeback came to an end when lsu forced a fumble, the ball was picked up by a true freshman quarterback, shutting down clemsen, darreck, jr. , where is derrick . [applause] that was a good feeling, coach. With that play the game was over with eyepopping 628 yards, the most passing touchdowns in playoff championship game and secs 150 season, College Football National Champions and, coach said after the game, all i did was follow the plan, the fact he had a great coach here, this is a great, great coach. I really mean that. [cheers and applause] and the truth is with a great coach and outstanding quarterback and entire team filled with heart and skill and hope and courage and passion and strength and unbreakable will to win, thats what they have, they have an unbreakable will in confidence. 280, i dont think they lad a doubt about what was going to be happening, i dont think, did you ever doubt . Not even a little bit. [laughter] hes going to be so rich. [laughter] young tom brady, does that make sense to you . We call him young tom brady. This lsu team will long be remembered as one of the greatest in College Football history. Say congratulations and go tigers, go tigers. [cheers and applause] so coach, another coach that i respect a lot, his name is bill belichick, do you respect him . Everybody respects him, he has a lot of respect to him, i talked to him, he has a lot of respect for you and he thinks youre a great coach and we know results speak louder than anything i can say, i just want to congratulate you, we will help you with rescheduling next year where we give easier schedule, what do you think . Bill, we will work that out, but lets have the coach say a few words, boy, does he deserve it, its great to have you in the white house. [cheers and applause] thank you, President Trump, what an honor to be here in the white house, i do have the best organization in the world, one team, one heart beat, its about the men behind me and the men in front of me, you guys did it, you set out a plan, last year january 17th, you never talked about it, you went about it through hard work, dedication and you did it and we are so proud, i would like to thank my wife kelly and my boys who have been with me. All the coaches wives, i would like to thank you. One team, one heart beat, go tigers. [cheers and applause] at this time i would like to bring our interim president tom gallihan. Stuart you are wondering why we a Financial Program should spend 20, 25 minutes watching Football Team, two answers to that, two reasons why we stuck with it, number 1, you just watched a National Brilliant Football Team show up all of them showed up, no politics and thats a big deal in this society today, how many times have we seen football or any Sports Team Show up and worry about the politics of being seen with the president , this morning, none of that at all. Just a great ceremony. Reason number 2, that just shows you what a good communicator is, he was without notes an he held our audience all the way through, you know Brian Brendberg is here, hes an economist, what do you know about communication . [laughter] thanks. Stuart the man is as good as Ronald Reagan when it comes to talking, hes got it. Hes in his element, notice how he pulls everyone else is, the guys behind him were so nervous and yet they were cracking smiles, youre going to be rich, youre going to be rich, theyre laughing, he has a way of loosening everybody up, thats why people watch him at rallies. Its so entertaining. Ashley he talked about the markets, continuing to break another record after record, he talked about trade deal with china, the trade deal with mexico and canada, he got all of it in as part of winning team, you are right, hes in absolute element. Stuart lauren, what did you think of the coachs voice . Lauren im trying to think of where from and where it happens, but if he tells me what to do in the field, i would listen, a little bit intimidating. Stuart i hope you enjoyed that, we certainly did, now i think the president did and i think the lsu Football Team did as well, while you were watching that the dow momentarily turned negative, it just turned negative, okay, we are up 1 point, we are basically flat, other indicators still moving higher. Lets move on because now there is this. The house will begin a formal impeachment inquiry of President Trump. Mick mulvaney adequate today ukraine quid pro quo at the center of impeachment inquiry. To hear historic testimony on potential impeachment of president donald trump. House democrats unveiled two charges against President Trump. Hes the only the third president in history to be impeached. Stuart there you have it, the media and their breathless coverage of President Trumps impeachment. Since democrats began the impeachment push the Networks Coverage of it has been negative, big time, ash, i need the numbers. Ashley lets bring up the boards, this is quite shocking, we know this is true, we know many in the Mainstream Media like to say only have one narrative, look at this, first 100 days of impeachment, cbs,nbc newscast, 93 of the coverage was negative, so you think, okay, well, they have to give some coverage surely to the trade deals, the china trade deal, the economy for crying out loud, the recordbreaking markets, no, none of that, in fact, if you look at percentages of how much given over, here we go, Media Coverage, the economy in minutes, 9 minutes, if you look at the impeachment, 849 minutes, now this january withdrawing troops in syria, fighting isis, north korea relations number 4 and immigration at the very bottom, they discuss trade and economy, lets face it, whats going with trade and economy doesnt fit the narrative. They dont even mention it. Stuart brilliant stiller performance by the economy. Lets stay on the media, why not . Usmca passed on thursday, the media didnt care, i think we got numbers on that, Media Coverage of usmca, what do you have, lauren . Lauren the number is zero. Its zero. Stuart what . Lauren if you look at the evening coverage of usmca on abc and nbc and cbs, zero minutes each, in fact, it gets a little bit better, if you look at politico, their headline, the original headline was the Senate Passes usmca, major win for donald trump, revised the headline and it read Senate Passes usmca but much work remains and if you read the article it was actually pretty positive. Stuart that was the original, okay. The new one. Stuart thats the new headline, the one right there, the original headline which lasted an hour or two, i believe, was Something Like major win for trump. Lauren yes. Ashley exactly, right there. This is why people are not anticipating how it gets no coverage. Stuart how could people know . You watch nightly news impeachment. What about usmca, what about the economy, what about china trade deal . Ashley there are people that get all the news from that side dont know anything. Stuart its absolutely deliberate. Deliberate, the media does not want the real action of President Trump, so anything thats good is off the air, everything that might be bad is on the air. [laughter] i think i got your point on that, stuart, im with you. Stuart it drives me up the wall. Im in the media, we are the media for heavens sake and i see everybody else just confusing the issues of the day, confusing finance, the economy and the markets, it drives me up the wall but i will calm down. [laughter] do we have larry kudlow yet, not yet, we are working on it, we are trying to mic him up as we speak, the champions hour, of course, we had the champion lsu on there, weve got the champion stock market to report on the economy, pointed out by my professor colleague right here. Still not champion status, however. Ashley im working on it, brian. Stuart im sure larry kudlow is watching, i will not call him the champion economic adviser to the president. Ashley well, things have gone very well. Stuart champion economy. Lauren weve already had 5 record closes for the s p and the nasdaq. Its only january 17th. [laughter] lauren 5, 4 for the dow. Stuart we are getting greedy. Stuart looked who just rolled into place. [laughter] stuart this is called rock and roll. Meeting at the white house which we have covered, we are waiting for larry kudlow to appear, we have stocks starting to go back up again, this is rock and roll, this is live news, thats why its compelling, thats why we have been on the air for ten years. How are you doing, sir . How are you . The bull market runs on, does it . Apparently, yes. I mean, thats for sure. Stuart come on, lets have enthusiasm here. The bull market runs on . It was up 8 and a half percent in the First Quarter, im sorry, Fourth Quarter last year, we are up 3 now on the s p, so far year to date. Its been a very phenomenal run since the end of the third quarter. Stuart extraordinary, thanks very much for being with us, im not saying goodbye at this moment but im saying we have larry kudlow miced up, im not going to call him the clamp own adviser but im sure hes like that and i know hes listening, come on smile, larry. [laughter] stuart okay, larry, maybe start with this, this morning we got what i think extraordinary housing start numbers. Does that suggest that the Housing Market is about to pick up nicely and help the economy as we go through the year. Yes, clearly, i mean, weve had a nice sort of transition rollup in all of the housing numbers in the last, i dont know, stuart, 3, 4 months, a lot of it is because of lower Interest Rates, Mortgage Rates are way down i think a full percentage point, a lot of it is because the jobs numbers are strong and wage numbers are strong, so people have pretty good affordability, the only issue there is lets build more houses, i mean, people have said theres not enough inventory at the right middleclass price point, but, yes, this is going to help us on the gdp number. We have been focusing precisely on that, secretary carson has been focusing and others have helped out, the president is trying to deregulate, permitting, as you know, environmental permitting and weve just encouraged those Home Builders to get moving, but economics of it are good, incomes and wages are up, Interest Rates are down and youll see better in the Fourth Quarter and i see youre going to see a carryover in the First Quarter of 2020. Stuart now our own Charlie Gasparino reported just the other day thinking about tax cuts 2. 0, you appeared on fox business and talked a little about it but you wouldnt be specific, what we are hearing is that it might be a cut in the payroll tax and the more generous earned income tax credit, would you be able to comment on those specifics, sir . Well, two things quickly, this is not new news. I talked to you and others about tax cuts 2. 0 going back several months, so point number 1, and i am had a very fruitful hour and a half with kevin brady, and i believe chairman of houses ways and means committee, we will be con culting with our consulting with our friends in the senate and we are all working together on this, i dont want to get specific, but i just look, we want to aim this at middleclass tax relief, we want to aim this at even faster Economic Growth going out second term, i dont want to get specifics, i feel compelled, i dont know where the payroll tax cut stuff comes from, its not high on the list, there are a number of other issues, again, for middle class, income tax brackets, you mentioned the earned income, thats something we are looking at, we will certainly keep the child tax credits, the kiddy tax credits and so forth, we might want to make permanent on the individual side and on the corporate side, im thinking especially of expensing, immediate expensing which is a very powerful tonic for business investment. Stuart are you basically saying, look, reelect President Trump for 4 more years and youll get fiscal stimulus, thats it, isnt it . Youll get lower tax rates and lower tax burdens, youll also get continuation of the opening of the Energy Markets that have made us the Worlds Largest producer, we dont need the middle east anymore, youll also get additional trade activity, negotiations an trade deals that would open markets and end unfair trading practices by socalled trading partners, now, look well, yes, we will be talking to the brits, we are talking to the europeans, we are talking to the japanese, we have pretty good japanese trade deal. The china trade deal is a Historic Deal and im more than happy to talk about that some more, i want to add the usmca trade deal that passed the senate virtually unanimously or bipartisanly, by the way, usmca, can i pause on this, they open markets, they lower barriers, they content on usmca just, stuart, the midpointgrowth estimates, i3 quarters of a percentage point to gdp, it will add more or less 350 to 375,000 jobs per year and a hundred billion in Foreign Investment into the United States and this is progrowth and it helps all across the board, okay, helps farmers, it helps manufacturing, automobiles, it also helps technology and investment, you know, in usmca, please dont overlook the fact that this is the strongest protections for intellectual property rights, thats never been written in a deal like this before and it is very similar, you know, on china, we opened the doors with friends in canada and mexico to protect copyrights and manner of ip and thats the Technology Heart of the american economy, thats why this is so growth, we also gained currency stability which is a big plus and we also increased Financial Services in addition to domestic content going into 75 , so i just want to emphasize the growth aspect. Stuart exactly. Youve layed out the growth aspects from usmca, 3 quarters of 1 percent added to gdp. Thats just usmca. Thats the midpoint of International Commission range. Stuart what about the china trade deal, what does that contribute to growth rate . We had estimated Something Like half percent of gdp addon per year and that will begin in 2020, the export numbers by themselves will be a major help in the farming sector but the manufacturing sector, you know, we targeted 40, 50 billion of farm exports by lowering trade barriers as well as tariff. Lets not forget 75 billion in u. S. Manufacturing exports to china is a key part of the deal along with 50 billion in energy and i think about 40 billion in Services Mostly Financial Services, so, you know, if these export transactions are completed in the next couple of years, st, that stimulates the farming sector, the equipment sector, the technology sector, it would stimulate sector so important and ive said a million times, automobiles, technology, software, we are number 1 competitive in the world. Number 1. Stuart stimulus from the china trade deal, stimulus from usmca, going forward. Can we get 3 growth . Can we get it . I think we can, okay. Its going to be better than some folks think. I think we can get 3 . I would love it if boeing started producing and delivering airplanes, okay, so boeing may thats half percentage point early this winter we had boeing people in and they are working nicely and very hard. Weve had Monetary Policy and besides the trade deals and the Monetary Policy, theres some early indications, you look at some of the cracker jack wall street economists like ed hime and others, looks like global pmis, global, are starting to improve a little bit so the drag from the world recession may be mitigating somewhat you know me, i will play from optimistic side, you take the number and i will have the over. Stuart okay, i dont do football analogies you see. [laughter] stuart i just watched the lsu team in the white house that was pretty good. Let me move on shall i please . Phase 2 the china trade deal will talks begin immediately because phase 1 is signed . The answer is yes, the answer is essentially yes, the president talked about it with vice premier, we had our private luncheon after the beautiful signing ceremony 2 days ago, the answer is essentially yes. I dont think any trips have been scheduled yet but everybody is ready to jump in and, you know, stuart, i want to make this point, the president said this and i will put it out, he believes phase 1 was the heavy lift, face 1 was the most important and if phase 2 flows from phase 1. They should make it large, this is a historical group, the scope and size of phase 1, two great powers, the United States and china, nothing and i mean nothing like this has ever happened before, now, you can question whether china will live up to the agreement, thats a fair question and very strong enforcement provisions in there, but i think going into that, the mood music is good, the attitudes are very positive, phase 1 is a historic earthshaking deal and thats going to get us through phase 2. Stuart do you guys ever get worry when you see the stock market go straight up, the market that can be characterized right now as meltup situation, does that make you a little nervous . Well, look, the economy is fundamentally sound, you know, we are posting the best Growth Numbers in many, many years, the jobs numbers, the unemployment decline, the absence of any inflation, so i think a sound economy is the key, you know, you were mentioning before about the in a second trump term, let me make this point, i think that the market and i think men and women in business and i think men and women who have been benefited from the low Unemployment Rate in all these cohorts and categories, women who now lead the labor force, hispanics, african americans, even millennials, look, everyone is benefiting from the trump boom, this is a middle middleclasstype boom. What you dont want to do and this would affect the stock market, you dont want to change this, you dont want to change progrowth policies, right now its not at all hospitable either to the stock market and the economy or to small businessmen and women. I think thats a of very importance. I think people are going to be wrong, pollsters may not see it right now, you are going to see new votes from a lot of different demographic sectors that we have not seen in the past. My recent favorites, i love to talk about the millennials, everybody tells me the millennials are all socialists, well, you know what, when youre in mid to late 20s and early 30s which are millennials and you are working and you are developing a career, you certainly begin to understand what Free Enterprise is all about, not socialism but Free Enterprise and i believe many of those young folks, they are embarking on the career, you know and i should remember when we were in mid20s, changed a lot of attitudes and that includes voting attitudes, i think socialism loses and enterprise wins, you wait to see, kudlow forecast, he will do so much better with the young folks than people realized and some other demographic groups also. Stuart did you have to refer you and i meeting for the first time 50 years ago, a half century ago, did you have to bring that in . Yes, you did. I tell you, stuart varney, nobody better in the business, theres nobody better in the business than you, its a pleasure, a pleasure and i mean that sincerely. Stuart thats very kind of you, larry, it really is appreciated. By the way, we are celebrating 10 years on the air, we celebrate on monday, youve been a part of this, i know you probably cant come on the show on monday but if you ever wanted to, if you just if you were working that day and you just felt like you wanted to get in front of the camera, brush up on broadcasting techniques, if you really wanted to do that, youre a guest. Im in im in geneva and davos that day. Stuart even better. We will see, id love to help you out, you know very few people, very few living people know that on another network i was washington correspondent that i used to come up at 6 30 and lou dobbs was big boss, another network, he gave me a box of cigars. [laughter] long time ago. Youre right about 40 years ago. Stuart you were under secretary of treasury. Omb, deputy of economics at omb. Stuart i was the guy who woke you up at 5 30 in the morning and said, where are you, larry, you are supposed to be in the studio. I look back on that and i dont know how the heck i did it. [laughter] stuart it was always a pleasure, thank you for joining us. Larry kudlow there. Where do you go after that . Ashley that was great. Stuart our economist at the moment is with us, lets follow up on what he had to say there, 3 quarters of 1 added to the economy because of usmca, half percentage point added to gdp because of the china trade deal, 3 growth maybe for 2020, thats quite a forecast. Yeah, you were raising your eyebrows when i said half percent for usmca, you almost jumped out of the chair when he said 3 quarters, its growth, growth, growth, they are pulling out the stops, people are underestimating what a lift we can get from usmca, we can get a big lift from china, look, if they do the middleclass tax cuts and you add that to the picture, this is a growth story we havent seen for a long time, 3 is definitely within the realm of possibility by the end of 2020. Stuart well, you will listen to this, sir, you heard exactly what he had to say, now youre a stock market guy, whats your comment . Yeah, look, if we get 3 gdp growth that is not in the markets expectations at this point. The market is looking for Earnings Growth this year midsingle digits, if we have 3 gdp growth you are talking doubledigit Earnings Growth and i think thats not priced in, i think theres more upside if that happens. Stuart the president s chief economic adviser is going to be optimist, hes not going to come on the air and say doom and gloom, here we go, hes not going to say that, do you think he might be right . 3 growth . What are the odds here . We are not seeing that yet, we need to see pick up in Capital Spending and businesses, especially on the business side, thats where theres been a lot of weakness over the last 18 months, if we see businesses starting to open up purse springs, we could see the 3 growth. Thats exactly what larry kudlow is pointing to, hes talking about expensing, thats what opens up the pursestrings. Stuart impeachment, china trade, record after record on the stock market, my colleague and friend larry elder joining us now, whats your take on im calling this a historic week, another one, whats your take . Of course, its a host historic week, its huge, of course, the president has been impeached and the articles of impeachment have been taken over to the senate by nancy pelosi, stuart, i would like to ask people to imagine how the country would be if a popular president like barack obama had been impeached based upon a record this thin, imagine had 25 of their public and delegation boycotted his inaugural the way 25 of the democrats boycotted a trump inaugural, imagine a dozen republicans boycotting first state of the union speech, imagine the 2 and a half year investigation for collusion drilling a dry hole and then imagine a whistleblower complaint, a complaint who by the way goes to Intel Committee chaired by adam schiff, imagine an intel chaired by a republican, the country, stuart, would look like australia on fire. Stuart i think youre right and its almost an unimaginable situation. Right. Stuart we just did not treat president obama and he didnt deserved to be treated badly either, but we didnt treat him in any way, shape or form the way we treat this president. Not we, me, this program, this network, but the vast majority of the media out there. Im up in arms about it, larry, i just dont like it, seems wrong to me. Its outrageous, i remember Actor Morgan Freeman went on television complained that Mitch Mcconnell that he wanted obama to be a oneterm president and morgan suggested that that was racist. People did not agree with policies, of course, Mitch Mcconnell wanted him to be a oneterm president just the way nancy pelosi wants trump to be a oneterm president , is nancy pelosi a racist for wanting that . The late night comics virtually made no jokes about obama and the economy doing well, hes been impeached, are you kidding me . [laughter] stuart well said, quickly, an opinion piece in the wall street journal, look at this one, please, can trump earn black support . Well black unemployment at record lows, the president got what 8 of the black vote in 2016, you think hes going to improve and increase that proportion . Absolutely, dont forget the first step that allows people behind bars, sentences revisited, a thousand people have been benefited, 90 of them have been black men who had sentenced reduced in average of 70 months, hes doing something about illegal immigration and the economists like george say unskilled pose competition, he did loyalties for digitals, downloads, obama didnt do, he pardoned jack johnson, the first black heavy weight champion, pardoned a woman named Ellis Johnson for nonviolent drug offense, very lengthy sentence, you add it all together, the man will get over 30 of the black vote. Stuart whoa, whoa, over 30 of the black vote in 2020 . Even the ncaaap polled put it at 21 , i havent seen any poll under that. Hes going to get at least double if not triple quadruple the amount support he got in 2016 and going to be a gamechanger. Stuart yes, it would be. Without the black vote a democrat probably would have a very hard time being elected president and if mr. Trump gets 20 of the black vote it is over. Its done. Its done. It really is. And i think its going to happen, the number one reason that black people voted for president obama was economy, worst economic recovery since 1949, first president to reside over economy without at least 3 gdp in one year, so for all those reasons we are looking at a big, big black turnout for donald trump in 2020 in my humble opinion. Stuart okay, hold on for one second, Brian Brendberg is still with me. I keep getting your comments. [laughter] stuart can the president get that high a proportionate of the black vote . Well, thats a big 30 is a huge number. I think the point is economically i dont care what your ideology is, its very hard to argue with record low unemployment when your wages are rising and we know that theyre rising especially for those at the bottom end of the income scale, youve got to take a hard look at that when you cast your vote and i agree with larry, i think thats going to move some people in 2020 that didnt move for the president in 2016. Stuart last word, larry, i have to say, look, people brand President Trump a racist. Its not going to stop a lot of black folks from voting for him . Well, if hes a racist hes the worst one ive ever seen, he needs to go back to racism school, unemployment alltime low. The expansion of enterprise zones to benefit inner cities, hes the worst racist ive ever seen, he needs to go back to racism school. Stuart the line will live for a long time. [laughter] stuart great stuff, thank you very much for being with us, im much oblige today you. I will go around the table, we are wrapping what i consider a historic, anything to add . I think the bull market is intact, i think theres more upside, but, look, its been a good 3 months, 3 plus months, i wouldnt be surprised to see some sort of consolidation in the markets, take a breath. Stuart i agree, everybody is thinking, you go up and up and up you do it a long time you melt up and at some point you come down a little bit, dont you, thats why people are worried about. Ashley still regret it . What a great week for the president , i have to be honest. I get all of that and i know that a lot of networks arent covering as much but the trade deals and to the points that have come up today the usmca is bigger deal that people give create. Yeah, the china deal great if it all pans out, dont forget the new reform nafta, big news. Lauren you have the democrat debate one night and you have the president rally at the same time and then you see with impeachment and the trade deals being signed and i think next week and when the president is in davos and the impeachment trial begins, seems like more is happening now economically speaking even passing the trade deals now that theres pressure. Stuart got it. I will take a moment to look ahead into monday. Hard to believe. We have a very big show for you lined up. Show me what we got . We have a list there . Ashley lets have a look. Stuart put it on because i cant see it right now. Ashley can we get some cake . Stuart we dont have a list, we have special guest. [laughter] stuart they are saying its going to be a surprised guest, not good enough, not good enough. We might get larry kudlow back. Ashley yes. Stuart is it davos or davos . Are you going to wear a hat . Stuart never. Youve not been around for 10 years on the show. Not on the show, no. [laughter] lauren awkward. [laughter] we will celebrate big time on monday, the market will be closed but ashley more time to have fun. Stuart we are open and the other guys, our competition, they are all closed down. I think they are all on tape, you can see those wonderful things from 2 years ago if thats what you really want. Ten years is when you get a diamond. So you need to spring for diamonds. [laughter]. Now its quiet there. Congratulations and in the meantime, markets are a Strong Economy. It certainly is doing well. On days for second street. How things start, is really been a big news here. Searching in the sematech a 13 year high. The dow is not to have percent

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