We have an allstar post debate show. Varney company is about to begin. All right. We are a Financial Program so well start with dow futures, not much happening. Down 13 points, maybe, just below 17k. And thats confusing. We will be above 17k when we open. Got it. How about j. P. Morgan, disappointing numbers. We have a market watcher says thats not good for the entire stock market or the economy, going to ask him about that later, morgan is going to be down at the opening bell. The price of oil, another go nowhere day. 46 a barrel and thats been there for months on end. Down 39 cents, the price of gasoline, down again, a tiny fraction of a cent. And thats the National Average today. 230. Right. When i said we have an allstar lineup. I mean it. Two republican candidates will be joining us, marco rubio and jeb bush. Youll hear from them today. Here is a brief teaser from jeb. I can beat hillary every poll shows i have. I have a proven record to give people confidence, not just talking about it. Stuart i said it was brief and it was. Six seconds, the full story and interview 111 30 eastern today. Later youll get senator marco rubios take on Climate Change. Hes not a denier, but he says its not our greatest threat. Got it. Lets get to the debate if you stayed up for it. All i heard last night when i was watching was freebies, which buy votes. Go to tape. When you walk around the world you find every other major country providing health care to people as a right. I want to enhance the benefits for the poorest recipients of Social Security. Every kid in this country should be able to get a High School Education regardless of the income of their family. I think we have to say that is true for everybody going to college. I want to open up the opportunity for immigrants to be able to buy into the exchanges under the Affordable Care act. Stuart look who is here, strategist jessica, youre glowing after last night, but queen of the freebies, yeah. Stuart free public college, paid family leave, free health care, health care for children, prescription drugs, expanded Social Security, expanded chi childhood education, expanded for illegals. Stuart are you the party of give away and buying votes . No, were not buying votes. Were speaking to an a n a majority, to those who struggle and those who are doing well. Stuart youre speaking to those doing well. No, its not just about taxing and regulating. She was talking about expanding opportunities for small and medium sized businesses. Stuart how will she do that . Will she roll back regulations . Show no, it did not sound like she was rolling back regulations and she went off the pharmaceutical companies and i think thats going to be a big one with the cost of prescription drugs. And wall street, we know who her donors are. Stuart i read a long list of give aways and freebies. Stuart will that grow the American Economy . Do you think it will . I think it will have to be in conjunction with investment and other things that we have talked about before. We didnt talk about a pro growth agenda. Stuart spending. Spending, we didnt talk about spending or. Stuart tax and spend. More from Bernie Sanders than Hillary Clinton. We saw the difference. She came back to her roots. She said she is a progressive able to get things done. The best line of the night for me. And issues that are important to her that shes been advocating for for 35 years. Yes, it was a bit of a love fest. Bernie sanders totally bailed her out on the emails and benghazi. Stuart on a political level she clearly emerged as a front runner, solidifying on a political level. On an economic level she did nothing about growing country and growing prosperity, period. This is the first debate. Maybe five more if people who wants their debates, i think we should hear as much as possible to hear as many perspectives as we can. Stuart do you think you grow the economy with free college, family leave et cetera, et cetera. Her plan would cost 50 billion, but she wants people to take responsibility for it. Shes not for erasing them and making it easier for parents to help their children. She has a much more balanced approach than Bernie Sanders. Hes talking about political revolution. While i appreciate that. And the outsider is working well on the republican size, thats not feasible and makes it unelectable to me. Stuart wait a second, i want to know how were going to pay for this. Bernie sanders took direct aim at the rich. Tax them. Roll tape. Did i consider myself the casino capitalist process by which so few have so much and so many have so little, by wall streets greed and recklessness wrecked in economy . No, i dont. I believe an in a society where all do well not just a handful of billionaires. Stuart what happens to our society if they get everything. Top the rich, tax wall street, tax, tax, tax. What would have made this more interesting, if someone had asked this and said Bernie Sanders, your policies are in france, how is it going . Every rich person has left france, thats litterry true. Its dumping down growth and no one asked any tough questions last night. No one really pressed Bernie Sanders, how are you going to pay for all of the freebies that youre talking about and they were crawling up each others backs to see who cou wall street . Why not look at bernie frank, people pushing fannie and freddie to get people in a house and its wall street. Stuart wicked again. Another one for you, Bernie Sanders, he listed some countries he thought were great countries, we should be like them, including norway. He thinks thats a standout country. I think weve got the bite. Roll it, please. Democratic socialism is about is saying that its immoral and wrong that the top 1 10 of 1 in this country own almost 90 , almost almost as much wealth as the bottom 90 . I think we should look to countries like denmark, like sweden and norway, and learn from what they have accomplished for their working people. Stuart ah, norway, its the richest country in the world, a very, very small population, and how did it get all that money . Off shore drilling, ladies and gentlemen, drilling for fossil fuels. Well, Bernie Sanders doesnt like fossil fuels. Im not Bernie Sanders, but were not all the same and last night made that perfectly clear. Theres Bernie Sanders democrats and Hillary Clinton democrats, im a Hillary Clinton democrat. Stuart address the question, norway, richest country in the world. And very happy people. Stuart and fossil fuel. They are very happy. And denmark, what, yes, they are, they rate highly in the polls off shore drilling. Who doesnt like to offshore drill. Stuart i dont doesnt do it, Bernie Sanders, Hillary Clinton. When pom does it, and Bernie Sanders does it and says the Climate Change is the greatest challenge were facing, i hate it. I think it brings us back decades in advancement. Income inequality you want to talk about that, absolutely. Foreign policy, something that Bernie Sanders cant stand up to Hillary Clinton on. So he had this. He wanted to talk about 1 and casino capitalism, all of that. We saw a breadth and depth from Hillary Clinton. I think that her position was politicized and disincentive for joe biden to run. Im all for hillary, i vote for her in 2008 and the trajectory of the country would have been remarkably different if she had been president. And happy, because i think that joe biden is a better candidate than Hillary Clinton. Why . Because hillary has enormous trust issues and she didnt conquer that last night. She is a practiced debater been in 18 or 19 major, important debates in her career, shes very good at it and she really did come through very well last night. Joe biden has authenticity. People like him. People dont like hillary. Stuart the numbers were weak. And i have to say a bit of a one note wonder, but when he said one of the most important issues he side china cyber worker. Nobody talked about cyber worker and i remember leon panetta you think that Hillary Clinton is going to talk about cyber warfare and hacking . If you want to own it you should be talking about it and that was the most discouraging part of it for me last night. Stuart next month, by the way, Fox Business Network hosts the g. O. P. Debate on the economy with all the g. O. P. Candidates, of course. November the 10th, you are going to be hearing a lot about this one. The private sector is what creates growth not Government Spending. I heard one of the candidates say we have to get the economy growing again by building more roads and bridges and things of this nature. Those are important infrastructure projects, but thats not going to grow the economy. You grow the economy to make america the best and easier place to grow jobs. Stuart thats my interview with marco rubio, available to you 10 30 this morning. And front and center was donald trump, stirring up a little trouble on twitter. Jo ling kent, tell me what did trump say. Jo he wanted to steal the spotlight. Live tweeting and saying, sorry, theres no star on the stage tonight and tweeted, notice that Illegal Immigrants will be given Free College Tuition and nothing for our veterans. Rapid fire gave trump more twitter followers. Sanders coming a little close, 46,000, according to data. And off stage, i want to he shoe you this. What about this guy in the audience, the white beard and serb media fell in love with him and jokes, maybe it was santa claus or vicepresident biden in disguise. Stuart santa claus, i have no idea, but that stole the show on social media. Stuart what intrigued me, trump picked up 70,000 new followers, the most of all. The most retreated tweet, Bernie Sanders on Hillary Clintons email. Stuart and the biggest threat to america is Climate Change . Watch this and we will discuss it later. The planet that were going to be leaving our kids and our grandchildren may well not be habitable. Awe believe active management can protect capital long term. Active management can tap global insights. Active management can seek to outperform. Thats the power of active management. You cant breathed. Through your nose. Suddenly, youre a mouthbreather. Well, just put on a breathe right strip which instantly opens your nose up to 38 more than Cold Medicine alone. Shut your mouth and say goodnight mouthbreathers. Breathe right two candidates in last nights debate, Martin Omalley and Bernie Sanders said the biggest threat to the United States is Climate Change. Roll tape. Climate change, of course, makes cascading threats even worse. If we do not address the Global Crisis of Climate Change, transform the Energy System away from fossil fuel to sustainable energy. They will planet that we leave our kids and grandkids may not be inhabitable. Stuart the author of doomed to succeed, ambassador, you know all there is to know about the middle east. Here we have two Democratic Candidates saying that Climate Change is the biggest threat. I suspect that the mideast and what russia is doing is the biggest threat. Am i way out of line . The question is immediacy. What is the most immediate threat. I dont deny that Climate Change is a threat obviously, but now were dealing with something thats an immediate threat. The balance change, isis at one threat, looking at iran as another, looking at the russians working with the syrians, iranians and now even the iraqis in a way thats designed to redefine what are the rules of the game in the middle east. Stuart youve been involved in every negotiation about the middle east, thats what the book addresses, is there any immediate threat . It seems like were in retreat and almost kicked out of the middle east. Is that an immediate threat . In a sense, the administration and president are trying to suggest that the russians are sinking in a quagmire in syria and it could well be over time that the russians will pay a price. The problem is that everybody in the region looks at what the russians are doing as mattering. The russians dont think that theyre losing, and the egyptians, saudies, jordanians are looking at what the russians are doing, making a calculation, whatever we have to do were talking to putin. Thats different than what weve seen in the past and fundamentally, its not in our interest because the russian approach to the middle east is not going to promote stability. Its background to turn more of a refugee crisis in europe and even that is designed to having the europeans look at the russians differently. In a space of weeks, months, it seems to have changed dramatically from my point of view. As a Financial Program, were looking at the threat to the oil patch, iran, iraq, russians, syria, thats an axis of power on the shiite side threatening the supply of oil on sunni side and the gulf is right in the middle. We think thats a huge threat. Do you . I think it has the potential to create a lever on the saudies to try to affect the saudi behavior. Is it going to cut both ways . On the one hand, sunnis make up the vast majority of muslims worldwide, if youre picking a fight with the sunnis, its probably not a smart longterm bet. On the other hand if youre the russians, youre thinking shortterm, putin is not thinking long term. People say hes a great chess player, hes playing checkers. Stuart your book is all about negotiating. Im going to ask a supplementary questions, do you think youd give lessons to donald trump . Quite happy to talk to people about negotiation. The book is every american president , i do a chapter on every administration from truman to obama and offering a set of lessons for the next administration in the future. Stuart whom solver it might be. Whoever it might be. Shall obliged. Thank you. Stuart how about russia as a threat . Liz peek who is with us this morning, says that president obama should watch the latest tom hanks movie to learn about fighting the cold war. Weve got the soviet spies. But theres a wrinkle, theyve g got theyve got information. Is it our insightful strategies that make edward jones one of the countrys biggest Financial Services firms . 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Here is the thing, obama made a comment some time ago that the cold war was brought to an end because the soviet union decided to make a peaceful end of it. Thats not the case. What happened was reagan pushed the soviet union upping the military budget and arms race and the country, economic corrupt and weak to begin with fell in on itself. Ashley the strength. Stuart thats reagans point of view. President obama is peace through retreat and diplomacy, im being pejorative and diplomacy has not worked. I think youre right, liz. Its peace through talking and were not putting out diplomatic initiatives. The russians economy is shrinking not in great shape. Push the buttons here. Stuart we are in the process of cutting military spending. Discouraging. Stuart liz, thank you very much. Were taking you next to the opening bell. If there is any excitement on wall street well take you to it. The dow might open five points lower. 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Why pause the moment . Ask your doctor about cialis for daily use. For a free 30tablet trial go to cialis. Com i dont think that were buying votes. No, i think that we are speaking to a majority of americans, were speaking to everybody. Were speaking to those who struggle and were speaking also to those who are doing well. Stuart that was jessica referring to the whole list of freebies which the democrats would hand out. At least thats the view from last nights debate. She said were not buying votes. The opening bell has rung and were trading and we are dead flat, minus 1. 94. Ashley webster is here, liz peek is around, shah galani is back and dan is in chicago. Start with you, dan, last night the debate, absolutely no talk of growth. Isnt that a little discouraging for you guys who trade stocks and stuff . Its absolutely discouraging. All you see is pointing fingers and wall street seems to be the big target. Again, i want to find some strategies how were going to get out of the malaise weve been in. We havent seen anything for search years, i want to grow out of it. It seems easier to point fingers. Stuart malaise, thats a jimmy carter word. Shah galani, no talk of growth last night. We dont have growth, not talking about it. The fed shot all its bullets. From here, who knows what is going to happen. Stuart retail sales up 0. 1 for september. Thats not good. Stuart take out automobile sales sales,. 3. Were into the holiday sales season, all we have is conjectures, if they dont come through and the numbers are pointing in that direction. Ashley the fed is not going to raise rates, bad newsgood news or the markets give up altogether. The markets are flat now. Stuart thats the truth, the markets are dead flat. We had a runup and nobody knows what is the fed going to do. Whats going on with the economy, we dont know. However, shah galani, are we going to hit 18,000 on the dow by the end of the year . Were at which year, stuart. Stuart this year, 2015. No, i dont think so. Despite of this rally, october rally, i call it, no, 15,000 before 18,000. Stuart oh, dan, i know you heard that. Shah galani, 15,000 before 18,000 and you say what . Dan . Im not sure about 15,000, but i agree with him on 18,000, we need to see fundamental improvement in our economy, were not seeing it. The earnings season is upon us, not looking so good so far. Lets see what happens. Im not favorable. 15,000, its a possibility if we see a blip there. Geopolitical risk. Talk about disappointing numbers. Weve got disappointing numbers from j. P. Morgan. Nicole, give me the stock price. The stock is to the down side. 60. 49. The turns out the total assets drop town to 2. 24 trillion. Havent seen that back to back for j. P. Morgan since 2009. The revenue dropped and they talked about the skittishness of investors and the china situation. The cfo says theyve kicked off this last quarter and its been pretty quiet. Ashley . Shares of mcdonalds hit a lifetime high at 104. 36 adding five points to the dow. So slightly lower. Stuart is that breakfast all day . I just had it, yes, it is. Mcmuffin fueled rally. Stuart nicole, were not ignoring you, ive got to tell everybody, that youre on the air on this network 5 00 every weekday morning and you start the day for a whole lot of people along with lauren. Thanks, nicole. Nicole thank you. Stuart well talk later. Shah galani, you heard j. P. Morgan disappointing numbers. The biggest banks and shrinking . Thats indicative of the banks moving forward. Theyre looking for high inr creased margins, that hasnt happened. Theyve got nowhere to go. The trading desk is down 16 for quarter and they had some growth in loans, but that didnt offset the number that they had. The bigger name that they came out with was 1. 2 billion with a tax benefit. You strip that out the regulators are pushing them to strength and thats what they heard last night. They want to basically make the banks smaller. Thats crazy. Its not good for the economy. You dont help the economy by shrinking the big banks, you dont do that. Thats punishing wall street and not encouraging capitalism. And theres all kinds of ramifications of it, including, by the way, a fed policy including all of these mega deals going on. Sort of safe things happening, cheap debt. And those things happen and people layoff workers. It hasnt been talked about very much. Major depressant on hiring. Stuart im going to get to the big names. Ash, mcdonalds, 104. Ashley new alltime high. Stuart a weak demand for personal computers and thats taking a bite out of intel and its profits. Look at that, 3 down on intel. Thats a big move. And then we have the chip maker. Sandisk. It looks like its putting itself up for sale and investors like that. Up 12 . How about twitter, its named googles new chair, and the price of the stock is shy of 30 a share, 29. 49. Shah galani, you wouldnt touch this with a ten foot pole. I wouldnt touch it, wouldnt need to. Theyve had internal problems, changes at the top doesnt mean the condition is going to sell itself or youre just take a look the trip advisor. It is up big. Its got a deal with priceline to book hotels. Can you believe it . Up 22 because its got a deal in now, thats interesting. Netflix, it reports numbers after the closing bell today, but everybody is going to be looking for, does it have more subscribers . Thats the number to watch, number of new subscribers and where they are, by the way. In advance of that i see netflix up. Theyre hoping to add 1 1 2 million subscribers here in the u. S. 2. 4 million customers internationally. Theres definitely a momentum behind the subscribership. And streaming here, its rapidly taking over and netflix is doing a good job of hooking in more and more customers. Its important to say how many subscribers theyve added. Of all the people around this table, we all have netflix. I do, take the pledge. Stuart 8. 99 a month not the new. Ashley theyre putting up their price 1 not getting negative feedback. Stuart only new subscribers. Theyve got to offset the thats a problem. Theres always a problem. Stuart hook eke eke eke ekehoo here is one for you. And elon musk, accuses of reporters ramming into the security gate at the gigabyte okay, im asking you about tesla, go. I think its an unbelievably innovative company. Im not going to be the first person on that electric plane, let me tell you. Worried about battery life, et cetera, and mine. A brilliant guy, a Brilliant Company i think its all very sort of imagery. Pie in the sky. Stuart oh, pie in the sky. We called him p. T. Barnum because it promotes vigorous stuff down the road. Does it deliver . So far the stock has held up 200 a share. Amazing. Stuart dan, youve got to come in on this. Whats your opinion of tesla, electric planes. P. T. Barnum. Pie in the whats your take, please . Everythings been said, im not getting in the electric plane either, guarantee you that. As far as tesla ive been on air and said many times, tesla is very innovative, no question this guy is genius. The fact is this is 220 stock . I dont think it is. Right now, you have to if you own the stock, take your profits. Im not going to get shorted right now. Ive been proven wrongdoing that in the past. I dont think they have the fundamentals to keep their stock level where it is. He says it. It makes sense. He just doesnt think they have the fundamentals to keep the stock where it is. Am i telling it straight. Whats wrong with you, people. Volkswagen making a big bet on electric cars, give me that one. Ashley its funny a massive scandal involving your diesel cars, so what do you do . Go electric. I guess thats the theme here. Theyre looking to expand production of the plugin hybrids and all electric cars. Is this too little, too late . Its a huge company certainly capable of coming back and interesting that theyre going all electric. Stuart its image polishing. Ashley theyre going to focus on the hybrid and electric market. Stuart i think it was toyota said no more gas powered cars by the year 2050, do the math, 35 years away. So thats not why dont we look at apple . Eused to cover it every single middle of the show. We dropped it because it plateaued, did nothing and just lost a lout to university of wisconsin. Its fined and no impact, right . Chump change. Stuart why is the stock sitting at 111 a share . Got an answer for that one. In terms of not going up or down . Its not going to impact it. Economically its a reputational hit, but not much of one. Theres nothing exciting coming back on the ap. This is the point it doesnt have many things. I dont like the fact that its treading water here. You know, weve got a dead flat market again. I seem to be saying this every day, the last couple of days at least. Were down 10 points, 17,071. Lets get to the debate. The democrats took direct aim at wall street last night, right at a target. Roll tape. The greed and recklessness and illegal behavior of wall street, where fraud is a business model. I represented wall street as a senator from new york and i went to wall street in december of 2007 before the big crash that we had and i basically said, cut it out. Coping does not regulate wall street, wall street regulates congress. The people of our country need a president 0 is on their side, willing to protect the main street economy from recklessness on wall street. Stuart he said you people, youre reckless and whatever else. This is not helpful. This group, these democrat candidates really need to talk about how theyre going to move the country forth. Theyre not going to by hammering on a scene, its over. Things are more and more regulated and it doesnt change the trajectory. Stuart it doesnt. I could see Bernie Sanders going into attack mode if hes moving in the progress. Hillary clinton has taken enough wall street money, taken anything. Stuart i was there in 2002007. And they used to be a big deal. I used to see barney frank. Lets not keep him in the conversation. We have another two hours and 18 minutes to go on the program. Youll hear two interviews with two republican candidates. Marco rubio and jeb bush. We are going to talk about history and the class. And filing a lawsuit for a broken wrist. It was thrown out. I have a bone to pick with judge napitano, why was this even brought . But what if you could see more of what you wanted to know . With fidelitys new active trader pro investing platform, the information thats important to you is all in one place, so finding more insight is easier. Its your idea powered by active trader pro. Another way fidelity gives you a more powerful investing experience. Call our specialists today to get up and running. About the media, the dow industrials are now up 14 points, 17, 096. Okay. Are we going to hit 18k this year . Well see. And gold up. Well do this again, trip advisor because the stock is up. Theyve got a deal with hotel bookings, its up. Pretty good, so much for the email scandal, Bernie Sanders basically bailed Hillary Clinton out of that prem problem last night. Lessen to this. Let me Say Something that may not be great politics, but i think the secretary is right. And that is that the American People ever sick and tired of hearing about your damn emails. Thank you. Thank you, thank you. Stuart guess who is not over it, not sick and tired about ank emails. Judge napitano joins us now. Bernie sanders took that issue out the debate . For the two and a half hours of the date. I guess they had a nonaggression pact over this particular issue, but beneath the surface of this issue is the core of who is qualified to be president. A deceptive narcissistic liar, a person who doesnt think that the laws ply to her, as we speak the federal bureau of investigation is investigating her for obstructing justice, deploying emails, espionage, failure to secure National Security secrets when you have a top security clearance yourself, perjury, telling a federal judge under oath youd surrendered all your emails and some showed up on Sid Blumenthals server that you hadnt surrendered to the department of state and now perhaps racketeering, corrupt organization depending how deeply she was involved in the shen shenanigans of the clinton foundation, she and Bernie Sanders laughed. Stuart and that she can make that argument with record to the Benghazi Committee. I believe that gowdy is a serious investigator and the committees work should be view that way. She should not politicize or gain say the fbi. Stuart im going to challenge you on this. Youre going to blame me, crock pot, connecticut. Stuart a woman sues her 8yearold nephew and the boy jumped into her arm and broke her wrist at a party. The jury threw it out. Judge, this is ridiculous, why didnt that judge throw it out in the first place. Why was taxpayer money wasted on an issue like this . Why do we have the english rule so when the people bring nonceno nonsense to court. You want the answer . [laughter] im not crazy about that, but she had 127,000 worth of surgery on wrist. Three surgical procedures and the insurance carrier refused to pay for that until a judge or a jury found liability. So she was suing for the medical bills to have those paid. Stuart i feel a little better. [laughter] are you telling me theres a little softness underneath that hard London School of economics shell . [laughter] no comment. Judge, thank you very much. Well see you at the 11 00 hour. Be my pleasure. Stuart Hillary Clinton, i say she was coronated by last nights debate. Well talk to someone from the Draft Biden Committee next. You both have a perfect driving record. Perfect. No tickets. No accidents. That is until one of you clips a food truck, ruining your perfect record. Yup. Now, you would think your Insurance Company would cut you some slack, right . No. Your insurance rates go through the roof. Your perfect record doesnt get you anything. Anything. Perfect for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claim centers are available to assist you 24 7. For a free quote, call Liberty Mutual at switch to Liberty Mutual and you could save up to 509 call today at see Car Insurance in a whole new light. Liberty Mutual Insurance. You have to say that Hillary Clinton emerged from the debate last night in a very strong position. She really didnt have that much of a channllenge from the other candidates on the stage. Come in, steve shale, hes with us because hes with the Draft Biden Committee. Steve, if hillary emerged stronger last night. Does that mean that joe biden is less likely to run . Stuart, she obviously had a great night last night, not going to take that away from her. Somebody made a point, really only on one stage to be president and thats Hillary Clinton. And joe biden i dont think he was looking for signs if shes strong or weak. You have half of democrats that want to see him run. Stuart hes watching. No way the man was doing Something Else in the middle of the debate. He was watching and surely would come away from that maybe having second thoughts about running, wouldnt he . Well, here is the thing. Hes the vicepresident of the United States. A man of his stature is not sitting around like a chamber of commerce president figuring out if he would challenge somebody from state legislature. He would enter the race with National Name i. D. And doansers. The minute he entered the race wed forget about this debate. If youre like me, the marketplace of better idea, competition is a good thing. Frankly theres a lot of space on the debate stage for vicepresident biden. Stuart in what area would he occupy . In what area does he radically disagree with chinn . Where does any party disagree from wait, Hillary Clinton put a good deal of distance between herself and president obama. When asked the greatest threats, nukes falling into rogue hands. You could say that that is a slap at president obama and the nuke deal with iran. Theres space between the two. Would joe biden and fix that space, be much closer to president obama . He would, wouldnt he . Well, i mean, clearly, the vicepresident has been involved in this administration, arguably as involved as any vicepresident in recent history. Hed be largely sort of running on a third term. That being said, this is a guy, you know, four decades of public service, largely respected in washington and getting things done. He could build bridges in d. C. And helping solve the problems. I think theres room for that. Stuart we thought he was meeting with his family last weekend. We thought we would get a decision, run or not run. When will we get the decision . Im not privy for his thoughts, he may have made a decision this weekend and waited to tell. Everyone is well aware there are ballot dead lines in november. I think well know soon e do you think hell run . Got to tell us. I hope he does run. If he doesnt its for those reasons with the family. Stuart steve, good luck, thank you, sir. Thank you. Stuart and hillary and politics, vote for me because many a woman, a grandmother. Next a Carly Fiorina supporter, janine turner, shell join us on what hillary said. And well have marco rubio on Climate Change, and bill clinton attacking him. 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Call now to request your free decision guide. Stuart it is precisely 10 00 eastern time and lets get to the democrat debate. It was shall we see dull . No talk of Economic Growth, a lot of talk about Climate Change, it is our biggest threat, you know. New numbers on the republican side, ben carson, donald trump. Theyre in a dead heat. And ruby and jeb bush both on the show today. Varney company hour two starts now. Hillary clinton is a relic of the past. Her ideas are all ideas from the 20th century, the mid20th century, they dont work anymore. Were going to be the party of the future. Stuart that was senator rubio you have to hear my interview with him. Later jeb bush says he can beat hillary, and hes got the numbers to show it. It is a jampacked show today. Look whats going on on wall street, not that much but were not down, up slightly 11 points higher. Ive got to tell you, he said we will hit 15,000 before we hit 18,000. What a guy. Take a look mcdonalds. What youre seeing now is a new high for that stock. 104. 50 maybe allday breakfast worked. Liz yeah. Ashley the egg mcmuffins. Liz are we going to see you there, stuart,. Stuart yes. Im a mcdonalds customer. Ashley free coffee. Stuart i can buy a seniors black coffee to go for 53 cents. Liz are you kidding . Thats nothing. Who knew. Stuart theyre saying keep it moving. [laughter] look at jp morgan. Disappointing numbers, that stock down 2 , nations biggest bank down 2 , not a good sign, oil 46 to be precise, not much movement, gasoline, 2. 30 is your National Average. And lets get to politics and last nights debate. Throughout several points throughout the night, Hillary Clinton used her gender to im going to call it identity politics. To be the first woman president would be quite a change, the grandmother of a factory worker and the grandmother of a wonderful child. I remember having a baby wake up who was sick and i was supposed to be in court because i was practicing law. I know what its like and we need to recognize the incredible challenges that so many parents face, particularly working moms. Stuart actress economist turner joins me now. You are a Carly Fiorina supporter, but i dont hear calorie talking about her gender, talking about identity politics. Am i wrong on that . You are correct. And, you know, leadership transcends gender. So this you know, and she even hillary lets not atalk about going to the bathrooms, the bathrooms are different, i thought that was pretty lame as well. Stuart but it was identity politics. It was. Stuart we gave the audience a few examples of im a woman, a grandparent, et cetera, et cetera. I hear about 60 references to it all. Did she over do it . Well, she its one of the main cards that she has because she lacks with integrity and many other issues, so hes going to play this card because its a lot of cards that women want, the first female president , she knows thats a power chip for her but its not going to last. But ive got to tell you, the one candidate i cant wait to see on that stage debating clinton is Carly Fiorina, she will not back up. Last night was a love. Stuart did he say, yeah, thats true. Can you explain this to me. If you look on the democrat side and theres a minority candidate or a female candidate, thats what they stress. Im a female, im a minority. If you look on the republican side, you have a female candidate or a minority candidate, they dont say anything with it about it. Ben carson doesnt say anything about black, Carly Fiorina doesnt say anything about being a woman. Why is that . Can you explain it . Well, i think were all americans and everything that we deal with in our country whether its finances or the future of our country, our security, our health care, those dont have thats not about gender and those not about race or color. So i think republicans really understand that the issues that are really important to americans dont have anything to do with gender politics or race politics. Stuart i want you to check out the latest fox poll. This is on the republican side. Weve got donald trump and ben carson in a virtual dead heat followed by cruz, rubio, bush, what do you make of this the fact that the two obvious outsiders are way out front with 47 of the vote there and that its tightening . Ben carson is now catching up with donald trump. What do you make of that on the republican side . Well, both of them and i believe carly is in that mix as well, of course i have to say that, i think all three of them really represent throwing politics aside. Lets deal with the issues. Lets deal with really important and americans are tired of this wooden figures like Hillary Clinton who get out there and talk from the playbook, the handbook, the things they know theyre supposed to say, wear the right color and have the right hair due and americans are tired of that, and he said that the party system would be the demise of america because people would care more about their party than being an american and things like truth and honest and integrity and things that really matter to us when we were dealing with nixon on the democrat side dont really seem to matter anymore. These things do matter. If were going to continue as a republic, we have to make sure that we keep these things in the forefront and thats what donald trump and carson and fiorina are doing. Theyre saying, look, lets talk about the integrity of the country. This isnt about gender, this isnt about race, this isnt about party politics, this is about america and about americans. Stuart last one, jeannine, are you supporting Carly Fiorina because shes a woman and you are too . No. No, im not. I have to tell you i am not. And it may be hard to believe that but im not. I really believe last night no one held Hillary Clinton accountable. It was this love fest where if you see carly on that stage, all the candidates on the republican platform that we have right now as candidates, its going to be carly thats going to not back off when it comes to holding Hillary Clinton accountable and someone needs to hold Hillary Clinton accountable. Stuart you know, what, jeannine . If Carly Fiorina had been on that stage last night, she could have charged cnn 5 million for the extra ratings that she would have brought in to that show. I guarantee you. Jeannine turner, everyone. It was fireworks. Stuart yeah, i think so. Thank you. Thank you. Stuart well, Hillary Clinton did address the economy in last nights debate. Lets roll some of that tape. If you look at the republicans versus democrats when it comes to economic policy, there is no comparison. The economy does better when you have a democrat in the white house and thats why we need to have a democrat in the white house january 2017. Stuart well, that was interesting. No mention of prosperity or growth virtual anywhere last night but there was a theme they kept hitting, freebies, giveaways, extending more government giveaways. Now, were going to scroll through the freebies that were mentioned in that debate in just a moment. Come on in indeed. Com chief economist tara. All right, tara, i dont know which side of the political spectrum youre on but i want your answer to this. If you tax more, and you spend more, do you get Economic Growth . Well, thats an excellent question, stuart, and honestly economists are somewhat divided on that question. But it really matters what sort of incentives we set up for firms, we want to be able to set up the right kind of incentives so that they do want to create jobs, so that Small Businesses aspire to be big businesses and thats an important key. Stuart on the side of the screen, i dont think you can see it but were scrolling up the freebies that were offered by various candidates, all the way from free college you name it, its going to be free. If they did that, if they put out all those government giveaways and they tax the rich and wall street and corporations to pay for it, if thats the plan and they put it in place, i want your opinion. Would it give us 4 growth . Well, you know, 4 growth is challenging at this point in our economy. But we do need to go back to thinking about what does no, come on. Wait. Wait. I cant do this. I cant do. I cant do it. Ive asked you a question. If you spend all of that money on all of these freebies and you tax the rich and wall street and the corporations, tax big spend big, i want your opinion. Do we get 4 Economic Growth . Okay. Well, i think the key question is exactly how thats done and exactly how that comes out and how its set up. But i agree with you that we need to. Stuart thank you you cant do that. You cant do that. Im going to ask the question again. I want an answer. Okay. Stuart if you spend all of that money in that way, and you tax all of that in that way, and you do all of that,. Thats not creating jobs. Youre right. Stuart do you get 4 growth . Well, 4 growth would come from creating jobs and thats not creating jobs. I think ive answered your question. Stuart why cant you say that . I know youre an economist, why couldnt you answer the question . Well, i think we need to think Bigger Picture on this. Stuart no, we dont. Its the big picture. The specific policies were talking about. Stuart okay. Heres another one. Real fast. If we cut individual tax rates, if we cut the Corporate Tax rate, if we reform Social Security and medicare, we cut all those tax rates big time like reagan did, would we get 4 growth . I dont know that thats true either. So i think that we are in a challenging spot. If we set up the proper incentive so that Companies Feel theyve got certainty of the structure of the economy, that they aspire for Small Businesses to become big businesses, that they feel comfortable creating those jobs and creating good jobs, that gives us the best chance of creating 4 growth. But thats going to be a challenge no matter what type of policy we implement right now because 4 is high. Stuart okay. It is. Got to have it. Tara, thank you very much for joining us. We will see you again and ill press the question again. Dont forget market calendars fox business is hosting the republican candidates for the debate on tuesday, november the 10th. The economy, taxes prosperity of course will be among the topics. Major news from twitter this morning. Theyve named a new executive. Jo link content has details in roll that graphic. Thank you. In case you missed it, this is breaking news, has a new board executive chairman, currently googled chief Business Officer where hes overseeing revenue among other things. Jack dorsey tweeted that quote a proven and experienced leader who will help directly and coach him and their leadership and help them recruit the best folks to come to twitter. And facebook. Going after googles youtube, the social media giant its suggested video, it will allow facebook to show videos after the user has watched another one in the news feed and they will put ads in between the clips. And companies who need insurance on hackers are having a harder time getting insured why . Going up. Have capped policies at 100 million and that means additional costs could be passed to you, the customer, do you remember that market cap in 2013 . That cost 264 million, would not have been covered in full. That means target customers are paying the bill. Stuart oh. Now, that hurts. It hurts. Stuart . Stuart all right. Thanks very much, jo. Im going to say that the Democrat Field looks like the jv squad compared to the republican candidates, that is my value judgment okay . Does that mean they need joe biden in the race . We will have that question. We have already. Plus tesla accusing reporters of trespassing at their gigafactory battery lab. Full details after the break at ally bank no branches equals great rates. Its a fact. Kind of like ordering wine equals pretending to know wine. Pinot noir, which means peanut of the night. The Health Care Law gives us powerful tools to fight it. On medicare fraud. To investigate it. Prosecute it. And stop criminals. 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Helping the world keep promises. Stuart how flat is dead flat . Its when this dow jones average at 17,081 is down. 06. Thats flat. Enough of that. Disappointing numbers. Whats the pronunciation on that . They make diagnostic medical tests, down 17 . John smith and company. Ashley there you go. Stuart tesla. It claims two reporters were caught trespassing at its new gigafactory in reno, nevada. Thats their new facility where theyre going to be making lithium batteries. Theres a mystery. Ashley like area 51 for battery production but two reporters for the journal got into trouble. They were allegedly trespassing. When they were told to leave, they did not and according to tesla, they rammed their car, their jeep into two tesla employees. The driver is now being charged. But theres a lot of mystery about this. They claim this is not true and one of the seatbelts in the jeep was cut in half. Not quite sure how that happened but apparently tesla says these types of intrusions are quite common. People wanting to find out whats going on, trying to sneak in, theyve beefed up security. Stuart ive got to say. That is understandable. Of course. Stuart because if that factory does indeed produce a revolutionary factory, skys the limit for that stock. Elon musk wants to cut the cost of the car by up to 30 or more. This is real keystone cop journalism. They wont identify themselves even though theyre wearing ids and the fence around them said no trespassing. Stuart the reporters, looks like to me theyre out of bands, but what they did was understandable, because if something is really big happening at that battery plant and theyve got a revolutionary design, that opens up all kinds of and things theres huge money involved. Liz and tax credits involved. Now have to pay more taxpayer money for security for tesla, do you know who that that; right . Stuart,. Stuart whatever. Its an interesting story, though. Going to get to last nights debate. Two of the candidates, they said that Climate Change is the biggest threat. Emily, come on in. Now, i think youre to the left of center . Youre democrat essentially. What do you make of that . Two candidates say Climate Change is the big threat. A little embarrassing maybe . Sure. That was coming primarily from Bernie Sanders, who has been running all the way to the left. Sanders really knows his audience with every answer he gave last night, he was talking about domestic policy for the most part and talking about the influence in money and politics. He was very strongly on message and if his goal it to make that issue part of the national conversation, hes doing a pretty good job with it. Stuart Hillary Clinton is right there on Climate Change. Shes only a couple of steps behind Bernie Sanders and Martin Omalley. Shes right up there. Now, she didnt say that Climate Change was the biggest threat but in the past has implied that it is a huge threat and president obama said exactly the same thing. As a democrat, are you not a little worried that your party is saying Climate Change, Climate Change, when weve got the russians in the middle east, china in the south pacific, it goes on and on and yet weve got Climate Change from these guys . Look, Climate Change is something that needs to be taken seriously. Stuart not in the immediate future. It absolutely does. Stuart really . What many have been saying on the right we wouldnt act until china acts on climate and china is. Stuart no, theyre not. Got to be factorially accurate, theyre not. China has agreed to start maybe reducing its emissions in the year 2030. If thats action on Climate Change, im sorry its not. Well, i think that we are at that moment. We do need to move ahead on it. But i think overall in the debate last night what we saw Climate Change, all the issues they spoke on, it was positivity, a very different tone in the debate last night. People werent attacking each other, they were very positive and encouraging people to come into the process, which is where they were. Stuart it was a core nation of Hillary Clinton. She had no serious challenge, when the emails came up, Bernie Sanders bailed her out. He bailed her out, but that was the big moment, the crowd was up on their feet, and he said enough with your damn emails. Thats where people are on this. Stuart do you really . I really do. Break out the moment of the debate. Stuart thats as well. Because the fbi is looking at Hillary Clinton for all kinds of things. You dont think thats going to bite her in the future . Look, shes going to testify in front of the Benghazi Committee on october 22nd, that can come out. The thing that i think is dangerous for her about the emails is that the way the judge they be ruled out is at 7,000 at a time. Every couple of weeks, every couple of months. So for the average voter, they fear, oh, emails. There may be something fishy there. There really has not been but the way they roll out could definitely imply to someone there is. Stuart okay. Thank you very much. Thank you so much. Stuart sure thing. The democrats look, this is my opinion again. All about big government. Tax and spend. I think it was on full display last night. The list of freebies that they want to give away to buy votes, well have that list for you in just a moment. And about eight minutes from now, marco rubio on Climate Change and the attack on him from bill clinton. This Program Moments away you both have a perfect driving record. Perfect. No tickets. No accidents. That is until one of you clips a food truck, ruining your perfect record. Yup. Now, you would think your Insurance Company would cut you some slack, right . No. Your insurance rates go through the roof. Your perfect record doesnt get you anything. Anything. Perfect for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claim centers are available to assist you 24 7. For a free quote, call Liberty Mutual at switch to Liberty Mutual and you could save up to 509 call today at see Car Insurance in a whole new light. Liberty Mutual Insurance. Stuart wow. Just crossing the wires. Volkswagen, vw just disclosing additional suspect software on 2016 diesels. Its delaying new models. Thats very bad news for the company, i dont think it has stuck into wall street yet because the stock is up 20 cents, but if you cant deliver your problems next year, youve got a problem. Lets see what happens when the market realizes what has happened. Marco rubio joins us in a couple of minutes, im going to ask him flat out is Climate Change the biggest threat to our country . Wait for it, five minutes from now the answer from marco. And the deal that would combine the two biggest beer makers in the world, a beer says that is bad for beer drinkers. Thats 11 15 this morning. If you listened careful to the debate last night, and you stayed awake until the end, you would have heard an extraordinary list of giveaways. The democrats offered a long list of freebies. Elect us and look what we will give you. Free public college. Free education in early childhood. Free prescription drugs. Medicare for everyone. Expanded Social Security benefits, family leave, in state television for illegals, thats my list, if you managed to concentrate, you may have heard more, but i think you get the point. Democrats running on the platform of giveaways. That is buying votes with other peoples money. I understand there has to be a good deal of political postering, i got that. Its interesting, though, to look how far the democrats have moved to the left of president obama. And hes a pretty far left going guy anyway. The guys on the stage last night would give away a lot more than mr. President obama and now tax even more as well. They say theyll pay for everything by taxing the rich, the 1 , big corporations and those wicked people on wall street. No, they wont. They cant raise enough for those freebies, theyll borrow it and ignore the debt. After that debate, it is clear the modern Democrat Party has shifted way to the left. They are government on stair resides. Government will take it from this group and give it to that group. We have a vibrant democracy and these debates show it. At the end of the day we may be warn out, but we have a clear idea of who stands for what. My take on the democrats first debate is this. Freebies for everyone. Vote left, and youll get stuff. You buying that . [ male announcer ] eligible for medicare . Thats a good thing, but it doesnt cover everything. I the rest is up to you. So consider an aarp Medicare Supplement insurance plan, insured by unitedhealthcare Insurance Company. Like all standardized Medicare Supplement insurance plans, they could save you in outofpocket medical costs. Call today to request a free decision guide. With these types of plans, youll be able to visit any doctor or hospital that accepts medicare patients. Plus, there are no networks, and virtually no referrals needed. Join the millions who have already enrolled stuart in that debate last night, there was no mention of Economic Growth. A lot of mentions about freebies. Giveaways. Climate change being the biggest threat to the country. Marco rubio, welcome to Varney Company. Ray to have you with us, sir. Thanks for having me on. Two candidates said that Climate Change was the greatest threat. What do you say about that . I think that would be a shop for National Security folks. The greatest threat is a combination of thing. The lunatic in north korea, the rapid expansion of Chinese Military power, the constant cyber intrusions against our government and businesses, from china, russia. It is the gangster in moscow. It is the g hottest groups across multiple continents. The 50 billion that the iranians are about to receive for a longrange missile. I think those are much more serious. Especially in the short term and any changes to the weather. Stuart does Climate Change appear on your radar screen at all . The climate has always been changing. There has never been a time where it has been the same over and over again. The climate is always changing. How much of it is due to human activity. All of the proposals that they send up would do nothing. Absolutely nothing to have an impact on the climate. A genetic impact on our economy. That is why i cannot support those. They do not do anything to change climate. They will have an Immediate Impact on the cost of living in america. That is why it cannot support their proposal. There is impacts to the climate that are measurable. Sure. I am for issues to adapt to that. I want america to lead the world in energy efficiency. Including in renewables, loyal and when. Stuart very little talk last night about stimulating the hair. About renewing growth in the economy and restoring prosperity. In 30 seconds, can you tell us what youre growth plan is. The growth plan begins by recognizing that the private sector is what creates growth, not spending. More roads and more bridges. Things of this nature. Those are important. It will not grow the economy. You grow the economy by making america the easiest and best place to create jobs and expand businesses. That is why i talk about regulatory reform, entitlement reform, repealing and appealing obamacare. Modernizing our Higher Education system. We will have an economic renaissance in america. You will not achieve that there just government policy. B2 bill clinton reportedly said we have to destroy him, that is you, before he gets off the ground. Any comment . That is what their specialist said he had the Clinton Campaign and the Democratic Party are specialists. They have done this for years. We will continue with our policies. We will point out the differences between my opponents both in the primary and general election. Hillary clinton has ideas from the 20th century. They do not work anymore. We will be the party of the future. We will show the American People how we can achieve. Stuart you are on the go from the crack of dawn until midnight every day of the week. What drives you . Why are you running . Why are you putting yourself through the ringer like this . Because america is not just the country i was born in. It gave me the opportunity to allow me to be do anything my talent and work would allow me to be. This is possible because of this country and the sacrifices my parents made. I want americas to still be a place where people can do for their children what america did for me. Not just to survive, but reach more people and change more lives than ever before. I do not want my children to inherit a country worse off than my parents left for us. Stuart there you have it, marco rubio. Jim bush says he can beat hillary. He has the poll numbers to back it up. Either way, the top of the hour, the fourth comedy hour. What actually is the biggest threat to our country. You said Climate Change . [laughter] stuart that was just a joke. Back in a moment. No. No. Keep going, they say. Sorry about that. Vw is closing and additional suspect software. 2016 he so models. Do you like those new models. As the news filters air, then, the stock is starting to calm down. We broke this news five minutes ago. Our stock was up 0. 30. It is down. I think that it is a negative for the company. South, you are a millennial, are you not . I am. Stuart okay. What did you think of the debate last night . I thought that the debate was great. Explaining how a capitalist economy works and drives. I thought they missed the mark on a lot of issues important to millennials. We did see them focused a lot on important issues. I think that they gave the wrong solution. A huge issue for millennials. Just came out with a poll that said one third of millennials paying off their loan debt. If that does not tell you what a serious problem this is, i do not know what will. These solutions, and 0 Interest Rates on Student Loans and being able to clear your Student Loans from bankruptcy. Stuart i think that that is a democrat position. I do not hear a republican saying forgive student debt or 0 Interest Rates from student debt or let them go through bankruptcy. I do hear the democrats offering some kind of solution here they are addressing your key issue. If we look at the cost of education in this country, the past 20 years, the energy has risen 150 . The cost of education 750 . Republicans are focusing on the economy. What is important to realize is the bureau of labor statistics just came out with a report by 2020, the number of College Grads will rise. That is the issue we need to talk about. Growing the economy. Bringing it back to the United States. All of these graduates can afford to pay off their loans. Stuart we should be talking about Economic Growth. New jobs. How do you do it . No jobs out there for millennials. Working in the job that requires a less than a High School Diploma right now. That is insane. Something that we cannot afford to keep doing. Stuart the democrats come up with a partial solution. Some kind of bailout. Some kind of giveaway. That is a very powerful political tool. Is it not . It is. I do not think that it will be a winning issue. They want to put those taxes on wall street and successful millionaires and billionaires. A majority of millennials belief that the Corporate Income tax is the right amount or too much. They do not want to see taxation increase. They want to see common sense reform that will grow the economy and grow jobs for college graduates. Stuart were helpful in the future when we talk to youngsters like you. We appreciate you being with us. Thanks for having me. Stuart fox business. Mark your calendars. The republican candidates faceoff tuesday, november 10. It will be here on the fox business neck work. I think cheryl is in the building. Dennis yes. Or it is my evil twin. I am not really sure. They had a new story out this morning. They will have video out now. 4 billion videos are watched on facebook every single day. Now the company will make sections for that. I am thinking advertising revenue. Let me show you something. Shares of facebook. Twitter. That is a big difference. Anyway. The stock. Where it has actually been. This could be a stock to actually watch. Okay. The facebook thing. The seasickness. I would buy that. How would your family like to see you in that . [laughter] stuart next. As klein. Author of the book him likable. He is not the only one that does not really care for hillary. Joe biden running. I do not like Hillary Clinton. Stuart what is wrong with her . The rules do not apply to her active management can tap global insights. Active management can seek to outperform. Thats the power of active management. Spending the day with my niece. That make me smile. I dont use super poligrip for hold, because my dentures fit well. Before those little pieces would get in between my dentures and my gum and it was uncomfortable. Even well fitting dentures let in food particles. Just a few dabs of super poligrip free is clinically proven to seal out more food particles so youre more comfortable and confident while you eat. So its not about keeping my dentures in, its about keeping the food particles out. Try super poligrip free. Nicole i am Nicole Petallides with your fox business brief. Stocks selloff across the boards. Down about 71 points at the moment. We watch treasury bond yield. Also moving low. The greatest economic news. A little soft. Pushes off that fed rate hike until 2015. Earnings out from names such as intel and jpmorgan. Weighing on the Dow Jones Industrial average. Cutting revenue growth. Down 2 right now. Were taking a look at mcdonalds. Mcdonalds hitting a new lifetime high. Delta, the profits soaring there. Lower fuel costs. October 1 . We want you to start your day every day on the Fox Business Network. Lauren simonetti and i. Stuart the dow industrials are taking a leg down. Look at sandisk. May put itself up for sale. The price may go up. Twitter. Googles former chief Business Officer. The new executive air. Twitter is down at 28 on that. Check the share prices. Trip advisor is up to. They have a deal with priceline. 19 up for trip advisor. Cannot get away from that debate. I am joined by ed klein. The author of unlikable. The problem with hillary. [laughter] you watched the debate last night, obviously. Was there anything in it that makes her more likable . I did not think so. You do not have to be so likable to be electable. She came across on top of her game. Very confident. All of those things. She got it across in a very powerful way. Stuart not more likable, but certainly more electable. Likability is a very big deal. You will be using that person on tv for the next four years. The electorate media [laughter] i love that. That is exactly what my book is about. Let me agree with you. I think she has been taking likability lessons. Look at what she did last night. She was smiling at the camera. She was composed. That is all preparation. My sources tell me it is behind the scenes. She is screaming. Carrying on about her Campaign Aides not doing a good job. She is very unhappy with a lot of the things that her Campaign Manager has been doing. She has been telling him answer in terms start getting yourself together. Stuart what is wrong with that . You are running your campaign for the president. Is there anything really wrong with that . No. A young aide does not do her job and you get a letter, she turns around. You do not do what hillary did which is grabbed her arm and twist her arm. That its out of control from time to time. Stuart i smell a lawsuit. Bernie sanders essentially bailed out Hillary Clinton. The country does not want to that. Does that take the email scandal for what it is worth off the table . Not entirely. Hillary was telling the republicans you have had it all wrong all this time. You support that i am a goose. I am not. I am very formidable. If you do not get this message, you will be very sorry that you have not taken me seriously. Stuart evade the email scandal. It is all politics. That is all it is. I do not think that it will be that simple. Based on reporting from criminal defense attorneys, it will be very hard to prove that she intentionally did something illegal. Stuart my bottom line from what you said is that she is stronger after this the bait and joe biden less inclined. I think that he was one of the losers last night. That door seemed to close more and more last night as hillary showed that she was really in command. Stuart i have an apology for you from me. I brought up the report that though clinton said we have to destroy this guy before he gets off the ground. That was you. That was your quote. It was from my book. Your book, unlikable. You are a welcomed guest. Thanks for coming back. A radical idea. A strict mandatory 40 hour week. Once you leave the office, no more phone calls, emails. For some, it is becoming a reality. This afternoon on this network, o Reilly Factor host has a new book coming out. Killing reagan. 2 00 p. M. Eastern on thisken a a network. The wanted to touch base. We came to manage over 800 billion in assets, local its how edward jones makes sense of investing. Approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement insurance plans, they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. Youve learned that taking informed steps along the way really makes a difference later. Thats what it means to go long™. Call now and request this free decision guide. Its full of information on medicare and the range of aarp Medicare Supplement plans to choose from based on your needs and budget. All plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. Unitedhealthcare Insurance Company has over thirty Years Experience and the commitment to roll along with you, keeping you on course. So call now and discover how an aarp Medicare Supplement plan could go long™ for you. These are the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Stuart how about this. A strict 40 hour workweek. Seems like a crazy idea. Maybe not. Lets bring in elizabeth macdonald. Liz it was not long ago that we did have a 40 hour work week. We were talking at the break. You give us 40 hours, you know, Everything Else is yours. At the end of the day, you go to your kids soccer is a, your doctor appointment. The longer time you spend at work stuart thank you very much. The third hour of arnie is three minutes away. Stuart last night the Bernie Sanders and Martin Omalley said that Climate Change is the biggest threat. I think thats a stretch. I think that is a huge stretch. Now, i guess theyre shoring up the base, that is politics but, you know, it is not serious policy, is it . President obama said almost he says hes showing leadership by leading on Climate Change. Again, hes shoring up the base and staying true to his green principles but with the world in flames, its laughable. Hillary clinton think so nukes falling into rogue hands, thats the biggest threat. Was that a slap at the iran nuke deal . Was that a slap at the president . Probably. But it was probably also an evasion. Invading the truth, and it opens us up to an obvious terror threat. Now bring it back home. Is Climate Change a bigger threat than a shrinking middle class class . Than unpayable debt, and unentitlement society . No, it is not. An unproven theory that forecast disaster way down the road is not a real threat in the here and now. A terrorist bomb is. Military humiliation is. When force is good in the world, thats us america, when were in retreat, that is a threat. Political pandering, shoring up the base is part of the political game. Ive got it. Understood. But when its an evasion, a distraction, when the real obvious threats are ignored, it is politics at its worst, and it is flat out wrong. Climate change of course makes cascading threats even worse. If we do not address the Global Crisis of Climate Change, transfer our way to fossil fuels, the plant that were going to be leaving our kids and our grandchildren may not well be habitable. It has continuing threats from the spread of nuclear weapons, Nuclear Materials that can fall into the wrong hands. I know the terrorists are constantly seeking it and thats why we have to stay vigilant and also united around the world to prevent that. Stuart rob oneal is with us. Rob, two candidates last night in the debate said that Climate Change was the greatest threat. What do you make of that. Thanks for having me, mr. Varney. I think that a lot of i cant see how someone could believe thats the greatest threat. I think thats pandering to the base, Climate Change theyre saying that scientists are pretty much onboard with it. Right now to me, the major threat is the instability in the region just south of the former ussr. You know, weve got they did mention the instability in syria, and they blamed it on the invasion of iraq, the arab spring and then some of them said the iran nuke deal, none of them said we pulled out too fast. Stuart thats the other side of the coin, isnt it . Instability. Got it. But its our reaction to it, our nonaction to it. Maybe thats the threat. Yeah. Right now theres a lack of leadership in that part of the world and generally the United States needs to lead from the front and thats how we get a line of solidarity. Some people have said that president putin from russia is trying to add leadership, hes not. Hes looking at his own agenda, hes trying to find hes trying to back assad, bomb the moderate sunnis that are there, even the ones we have backed because ultimately what he wants to do is make it so its assad against isis knowing that we have to take the side of the russians and fight isis. Stuart in military terms, have we lost . We havent lost, but we definitely of an a change our strategies. The one we had recently spent 500 million to arm soldiers, im not sure what that was, but they backed off and they said we need to try something new, but they need to get smart about it. Hopefully get some sunnis that can go and arming the curves, we dont need to go through baghdad like we are because the arms we give them, the government in baghdad keeps them. They have no interest in a big army, so we need to get face to face with the curds army and probably what were doing with the russians whether we like it or not. Stuart how does the country feel . Do you think america at this point wants a rebust military posture . People are force fed that were war wary and if less than 1 of the country has been to war, if youve been to war, you cant be weary but i know given the proper funding, this militarys ready to take anybody on and every country know that, the problem is who believes us . Stuart are you tired of being a civilian life . I miss the guys, its nice to be a around a group like that, even though theres 20 guys standing there, 20 guys are all saying Different Things and theyre all right. Stuart rob oneal, thank you for joining us. Thank you. Stuart lets get straight to the stock alert, will you look at this . That is walmart. That is the largest retailer in the entire world, and its down 8. 5 . I think thats the biggest drop in more than a decade at this point. Were down 5 at 60. 93. Walmart is a dow stock and helping take the dow down 70 points. What else . Ashley the worst trading day for 17 years for walmart. The reason for all of this a very negative outlook from walmart cfo basically saying that theyre cutting the revenue projections by 15 billion for fiscal 2015. They say that revenue sales are expected to be flat next year. Theyre saying that the higher costs felt wages, the wage increase is going to cost them 2. 7 billion over the next two years over a billion dollars alone this year. 75 of the reduction in their earnings forecast they say is attributable to the higher wages. So pretty pessimistic words from walmart. Stuart what im picking up on that is this is a Economic Indicator. When our chief financial guy comes out and says next year, 2015, sales will be flat. Yes. Stuart down 15 billion. Right. Stuart thats the shocker. It will get even worse and they say in fiscal year 2017 economists are expecting growth of 7 and now theyre forecasting a decrease 6 to 12 . Stuart sharp drop in profit. Ashley yes. And thats whats weighing down the stock here. Stuart ill see. Its an Economic Indicator. Theyre the largest retailer in the world, one of the i think the second largest employer in the United States, private sector, largest of all, and theyre saying flat sales next year, lower profits in 2017. Ashley and to add salt to the wound, the strong dollar is also killing them as well. Stuart okay. But they did announce a 20 billion stock buy back. Ashley yes, they did. Over the last couple of years. Stuart normally that would be one. Ashley youre taking away shares from the markets, so you should add value to the share price. Not working but based on this fiscal outlook account has been but this also raises a bigger debate to higher wages that they have promised a lot of their workers; right . Ashley uhhuh. You see the higher wages will make up 75 of that earnings per share reduction. Stuart oh, okay. So theres a lot of pieces at play here. Stuart hoist by their own ashley yes, exactly. Stuart but the big deal is flat sales next year. Ashley yeah,. Stuart come on in, jason, market watcher, please. This is a terrible blow to walmart, and i think its indicative of a problem of the overall economy. What say you about the stock, please . Sure. Well, you know, the thing is when i hear you guys telling everybody that walmart is pointing the finger at higher wages. Well, when you point one finger out, i think walmart has to look at is it really the higher wages or their model . Im going to compare walmart to blockbuster, im not going to say that they suffered the same fate as our old friend from the past blockbuster, but blockbuster got crushed by netflix, is it true that amazon is taking market share from walmart . So i think walmart, it needs to, you know, up their model or else suffer the fate of blockbuster in the long term. So its really not a buy right now. Stuart okay. Thats the stock. Just change your hats for a second and look at the economy. Sure. Stuart if theyve got flat sales, walmart, the biggest retailer of the lot, flat sales in 2016, that implies to me a slowing economy. Go. I agree. I mean the thing is stuart hold on a second. Ashley. Ashley maybe jason can speak to this. Walmart says part of the reason theyve got a threeyear plan where theyre going to invest heavily in their stores and ecommerce spending about 11 billion alone in fiscal 2017 and another roughly 1 billion on ecommerce and digital initiatives. Its almost theyre pushing a reset button and because of that they have to downplay their expected revenue over the next several years while they make investment. Stuart so, jason, theyre investing, trying to change, trying to shift the model maybe. Does that make any difference to your assessment of the stock . If there was no other company doing what they were investing to do, i would love walmart. But amazons been there, done that, amazons light years ahead of walmart. So, unfortunately, for walmart, its not going to go higher over the near term unless they can prove that theyre doing amazons not doing. If theyre playing catch up, whats the point . Amazons there. Stuart i want to ask you again. Is it an Economic Indicator. Yes. Stuart that the whole economy is slowing down all over again, is this part of that slow down. Sure. And you know what . For two main reasons. And, again, no doom and gloom from this corner, no end of the world, but i do see a stagnant in the s p, in the dow for two reasons. Number one theres going to be an Interest Rate hike in the near term, adds a lot of uncertainty, a lot of volatility, number two. Its an Election Year next year and, again, the more uncertainty, the less confidence people have to buy, buy, buy, since theyve done since 09. So i dont see a downturn. Stuart one thing i find interesting here is the decline in walmart stocks takes about 35 or 40 points off the dow industrials. So right now were down 88 on the dow. Take out the 40 points that walmart accounts for, and youve only got a drop of 48 points. Now, if walmart really is an Economic Indicator pointing south, you would have expected a bigger drop for the overall market with that kind of news coming in. Want to comment on that . Well, case and point. You just essentially proved my whole point that the market isnt concerned about a crash, another 10 correction but unlike the past six years, the market is not just blindly buying because of a stimulus or qe, thats no longer here, so we need to see more proof in order to continue higher. Stuart all right, jason, thank you very much for joining us this morning. Very crucial time. Were going to keep this on the air, well keep you looking at walmart, keep you looking at the dow because this is a big development, and its happened just in the past few minutes. Now, we are saying walmart is an Economic Indicator. Got it. Which brings us to the debate last night. Democrats didnt say much, if anything about growth or prosperity. Bring in fox news digital politics editor chris. Now, thats my reading, chris, that they didnt mention prosperity and growth. They didnt. They talked about freebies and giveaways and more Government Spending and higher taxes. Am i reading the debate correctly . Well, youve got to see it through their eyes, and you have to see it through discussion about whether or not which scandinavian nation has best model for welfare state. If thats part of the discussion so if you believe that the way to create growth is by increasing taxes on the wealthy, taking that money and as they were saying last night investing, spending it on programs that will benefit the middle class, like, free college and other things, then, yeah, they were talking about growth. In the transitional sense, the common sense about how things grow and how americans have transitionally understood things to grow, then, yeah, they were. But i will say this. For Hillary Clinton, the effort to embrace a man who is self described socialist, Bernie Sanders for her to embrace him and his ideology but push back in some way that mix her still palatable to voters is a very tang owe to watch, it will continue to be a problem for her because the center beam in the Democratic Party is so far left now on these issues that its awful tough. Stuart i read that debate as being a victory, a win for Hillary Clinton because shes. Yeah. Stuart because shes not seriously challenged, shes strengthened her position, and i think this makes it less likely that joe biden runs. What say you . Right. If joe biden was waiting for if his decision was contingent on this debate, he probably wasnt going to run anyway, but if it was, he definitely isnt going to run. I think this. Joe biden was going to wait to see if Hillary Clinton is going to implode, which she might, i think the chances are less that shell experience catastrophic full failure and she will somehow find a way to survive on the end and not get blown up on scandal. But whatever the case, biden is just waiting to see maybe hell blow up in time that he can jump in the race and still make this a thing but hes pretty much out of time. Stuart chris, we gave you less time today because were all consumed all of this news for walmart, we do apologize. No sweat. Stuart we are a Financial Program,. My pleasure to be here. Stuart pleasure indeed. Ashley keep an eye on the stock price, down almost 9. 5 after the initial news came out, now coming back a little bit. Stuart okay. But thats the news of the day. The Financial News is walmart and the dow both down. Back in a moment you wouldnt take medicine without checking the side effects. Hey honey. Huh. The good news is my hypertension is gone. So why would you invest without checking brokercheck . Check your broker with brokercheck. The Health Care Law gives us powerful tools to fight it. On medicare fraud. To investigate it. Prosecute it. And stop criminals. Our senior medicare patrol volunteers are teaching seniors across the country to stop, spot and report fraud. You can help. Guard your medicare card. Dont give out your card number over the phone. Call to report any suspected fraud. Were cracking down on medicare fraud. Lets make medicare stronger for all of us. Prge a manufacturer. Well thats why i dug this out for you. Its your grandpappys hammer and he would have wanted you to have it. It meant a lot to him. Yes, ge makes powerful machines. But ill be writing the code that will allow those machines to share information with each other. Ill be changing the way the world works. interrupting you cant pick it up, can you . Go ahead. He cant lift the hammer. Its okay though youre going to change the world. Stuart now were down 105 points on the dow industrials, why are we down so much . Well, theres one story that dominates all of that at this moment and thats walmart. A huge decline, over 8 , ive not seen a drop like that for that stock and heres why. Theyre forecasting flat sales for next year and sharply lower profits for 2017. On the line economist professor of economics at the university of maryland, peter. Im interested in this story, peter as an Economic Indicator. If walmart is saying flat sales next year and theyre the biggest retailer of them all, does that imply that this economy is slowing down dramatically . No. I dont think so. I think the economy is changing just like the globe is shifting away from china. Well, guess what . What walmart does is not a consult, and other retailers are doing how to do it. Meaning amazon prime, young people get their netflix that way and on top of that and premium for free virtually they get overnight or second day delivery on so many products that are priced as good or even better than you can get at walmart. Stuart interesting, peter. I took this as a flatout Economic Indicator, were in trouble, youre saying, no, its a shift in the whole nature of retailer toward the online guys like amazon. Thats very interesting, peter. What do you make of walmart as a company and its profitability . Go ahead. Can it get back on track . Yes, but its going to have to improve its shopping environment. Lets face it. Going to walmart is not like going to target. And while target may have its problems as well, you can get prices that are very favorable in other stores and the experience is not as torturing. Also with all the pressure about treatment of workers, minimum wage and so forth, walmart has to treat its workers a little bit better these days and it is. That raises its cost, all of this is cutting not only to the margin between sales price and cost, but the margin between their cost and those over at target and other retailers. Stuart fascinating. Peter, thank you very much for joining us at such short notice. All good stuff. We appreciate it. Ashley. And to peters point, walmart announcing today theyre going to invest 11 billion over the next several years in technology and people to quote enhance the shopping experience. So theyre well aware of the problems they face. The question is can that be enough to draw people back in with amazon. Stuart joe, they said that walmart is going to raise the wages. Yes. Stuart and a drop in profitability; right . Exactly right. 2. 7billion it will cost walmart, so the higher wages are 75 of the eps drop. So that really is the math, its pretty significant but the three big themes four big things that come out of this situation, wages going up, sales are flat currency stronger dollar and fourth can walmart defend its turf or are they going away in brick and motor . Can they compete with amazon . Of course they can be many different players in the game. Ashley heres the problem. Theyre operating thats exactly right. The operating expenses are greater than the sales growth. Never a good combo. Jo how do you turn that around . A very tough thing to do. Stuart show everybody the dow industrial. Down 121. A further drop, walmart pockets about 35, 36 points of that drop, that implies that the overall market is taking this as maybe a sign that the economy is slowing. Ashley negative sentiment. Stuart okay. Weve got it. Down 122, walmart down 8 , not seen that in a long, long time. Well be right back the only way to get better is to challenge yourself, and thats what were doing at xfinity. We are challenging ourselves to improve every aspect of your experience. And this includes our commitment to being on time. Every time. Thats why if were ever late for an appointment, well credit your account 20. Its our promise to you. Were doing everything we can to give you the best experience possible. Because we should fit into your life. Not the other way around. Stuart do we have a big story breaking in the last half hour and its taking the dow industrials down 121 points, the story is walmart, that stock is down really big, now its down 9. 5 . All kinds of stuff going on here. Lets bring it all together about ert, a Retail Consulting guy and, bert welcome to the program, i know youre saying that this walmart news brings it into i aretail ice age for america. Explain that, please. Yes. It does, stuart, with the disappointing u. S. Department of commerce numbers this morning off a bad month last month and a bad quarter and soft year to date, what youre seeing is too many stores chasing too few shoppers with too little money as they shoppers are squeezed with high costs from health care to rent and at this point walmarts doing a lot of things right but at this point theyve run out of road and now amazon is taking a part, the biggest and best retailers starting with walmart. Stuart so is it a shift to online selling and a shift away from brick and motor. This is part of the story; right . Stuart, youre completely correct. Shifts from before this accident and motors on land, online where amazon and the others with lower cost and robotics are dominating. Stuart now, is it also something of a Economic Indicator. Not just walmart the story itself but as an Economic Indicator but theyre saying that theyre sales are going to be flat in 2016. What do you say . Stuart, youre raising a point. It is a leading Economic Indicator that this retail ice age is indicative of really rough Economic Times as we get into the new year 2016 and the back half of this decade through 2019. Stuart now, you studied walmart and other retailers and walmart is saying today theyre going to spend 11 billion on technology and on people to try to get back in the maybe into the Technology Online game. Have they left it too late . Too late to your point. This is the 5th time theyve tried in 15 years and following walmart for over 30 years and being a walmart shareholder for just this long, wish the company the best but a concern that its much tougher times ahead. Stuart as a retail consultant, are you saying that the game is really changed and now were seeing it and the place to put your money is online . Definitely online, stuart, its we forecast with your fox Business Team earlier this year and there are some good before this acciden bricks and motors but retailers going from multiregional to national, to the retailers built out like walmart, theres nowhere to go no matter how good they are because the competitions to unforgive. Stuart and youre a walmart shareholder yourself. Yes. And have been since the early 1980s. Stuart you might have to sell and pay that tax. Ive given 99 of the shares to Cornell University where i teach marketing. Stuart you are a good man. Thank you very much. Thank you. Stuart . Stuart ashley, what wesley do we have . Ashley just going over the reaction, but i can tell you theyve lost about 21 billion in market value on this week forecast with the shares down now close to 9 . So that just gives you the sense of the of the enormousity. Jo the National Retail federation says holiday sales are going to disappoint, 3. 7 in holiday sales, thats down. 4 from last year, americans really feeling torn between the ability to spend versus the desire to spend. So its a real Economic Indicator in itself. Ashley low gas prices would put more money into peoples pockets and they would spend, but higher rent, Higher Health care cost and retails have been suffering. Stuart i believe we have brian on the phone, economic correspondent with the street; is that correct . Brian, are you there . Hey, stuart, how are you . Stuart im better than walmart at this moment in time. Now, on the show so far weve looked at walmart, had an analyst say, look, theyre losing the bricks and motor game and the online people are winning. That this to some degree is a Economic Indicator because walmart says flat sales in 2016. What do you have to add to this . Well, whats happening to walmart stock is the very foundation of walmart the company is being rocked. Rocked because the poor people that go to walmart are not spending as much as they used to because they cant. They just dont have the income growth. And secondarily walmart was founded on keeping low prices low and beating employees over the head with cheap wages. Those things are fundamentally changing for this company and investors are finally starting to wake up to that reality and one key point thats getting lost today in the headlines, walmart is now evaluating its portfolio. I think youll see big changes for walmart in the big years such as spitting off sams club and closing hundreds of stores in the. Stuart what did you say whoa. Brian, youre on dangerous ground. Thats interesting. I do want to ask about walmart as an Economic Indicator. Because sales 2016 flat. Uhhuh. Stuart now, weve had other indicators that the economy is slowing down. What say you on walmart as an Economic Indicator . Oh, i do. I think walmart when they come out and lower their sales again and keep in mind august company yet again lowered their Sales Guidance and earnings, they become a disappointment in retail in the large fact, one of the large contributors is that their shoppers are not shopping the stores as frequently as they used to and as i look at walmart news today, about the Holiday Season may not be shopping up as strong as walmart, target, other retailers would like it to. Stuart okay. Earlier this morning i think it was one of the the government said, look, retail sales in september were up. 1 . But if you took autos all of the deal, they were down. Retail sales in september down. 3 . That suggests, i dont want to go overboard, but that suggests a rotten Holiday Season. Well, it helps forecast helps forecast the demand for goods during the Holiday Season and the way i would read this, back to School Started off with well for many tee teen companies, and just as the employment market cooled and the stock market got rocked and right now if youre a retailer planning your inventory youre concerned you may have to offer more discount. Stuart real fast. Didnt we see this coming . All of a sudden they got news at the top of the hour, walmart goes way down, the dow goes way down, nobody saw this coming . There is a lag effect and right now what youre seeing in the retail sales data is consumers reacting to what happened in the summer and they may continue to react as a result. Retailers have to plan their merchandise six months in advance so for them theyre still kind of hurt by how things moved so quickly. Stuart brian, top economist there at the street. Thanks for joining us, sir, we do appreciate it. Io. Jo i am wondering. We have november 17th earnings will come out from walmart, we will get more information from the company on its outlook and i also wonder what will happen to all of these new initiatives theyve put forward to compete on different playing fields. Im talking about the smaller Neighborhood Market stores,. Ashley right. Jo plus the Online Grocery service, same day delivery. These are expensive tests that walmart is trying to deploy. Ashley also desperate too. They also announced theyre going to raise their minimum wage to 10 an hour by next year. Whats the federal minimum right now . Stuart 7. 25 so i havent its well above and those costs just as weve been reporting cost well in excess to 2 3 billion. Jo plus 1 billion in training cost as well for the employees. Ashley right so thats a big investment and really hurting the bottom line. Stuart this guy a big story, let me recap where we are. Walmart maybe 45 minutes ago came out with their forecast for the future and a statement about the company basically thats what they did. Sales flat next year. Big deal for place like walmart. Profits down in 2017. Big deal for walmart. Theyre going to spend 11 billion trying to get back up to speed on people and technology. Essentially weve had analysts on this show saying, look, walmart, bricks and motor going down online sales amazon going up. On the phone with us right now, katherine deck an economist. Welcome to the program. Thank you so much. Stuart if youre an economist i want you to tulsa about walmart as an Economic Indicator, not the company itself but its position itself in the overall economy. Is this a sign were slowing down . Well, i dont think so much that its a sign that the overall economy is slowing down more than it is a reflection of just the incredibly tough environment that walmart has found itself in trying to serve the median consumer where wages are really not growing even though employment is much, much better off. Stuart their announcement today is a function of the squeeze on Middle America and the squeeze on poor america as well. Thats whats going on. Theres no doubt. And so when you look at walmart key consumer, there just hasnt been any wage growth to speak of. And at the same time that there hasnt been any wage growth to speak of, all of these other things that you talked about on your show have happened. Weve seen change in buying habits, online be such an important place, weve seen walmart suppliers, you know, being in a hard place to give walmart that everyday low cost they need to give everyday low prices to people. So all of these factors are there so when walmart says its going to invest and make these plans in the future without the kind of revenue growth, of course theres going to be a squeeze. Stuart so walmart itself will be squeezed, its future operations. Could you see stores closing, the abandonment of some of the programs that theyve started . I think its a little bit too soon to say abandonment. I think walmarts key strategy is meeting its consumer where the consumer is. So thats why theyve been paying such close attention to small format and online, trying out new delivery functionality to its customers. So walmart recognizes that its customers preference is changing and trying to make sure where those consumers are, thats a expensive proposition. Stuart thank you very much for joining us, you know whats going on here, youre an economist in arkansas. Good stuff. May i introduce a political angle to this . Ashley you may. Stuart stay out of the conversation if you wish. I want to do. Kathryn deck and other other gusts have been saying walmart is being squeezed by the squeezed income of Middle America. Ashley right. Uart that was pol overtones because were squeezing Middle America and weve got a president ial election in 14 months, doesnt the party in power have some of the blame for squeezing. Ashley the gop would jump all over this. Another example of how their policies have led to squeeze on the middle class, how wages have not risen and because of that theyre falling behind. Stuart but the democrats would say were going to legislate higher wages. Were going to have much higher the debate last night. Much higher minimum wage, do everything they can to legislate higher wages for workers. I dont think that works. Ashley no. Well, look where it has gotten us so far. Stuart not much. Jo ling kent, would you like to come into this debate . Jo look, the economist in Arkansas Made a great point, wage growth is notthere. So you couple that low labor force participation, not enough people working and getting the jobs they want, given up on the economy and that does impact how things are purchased around the country, its a very simple, clear concept that is a good forecast of what may be to come for walmart in 2017 and 2018. Stuart okay. Our bookers have been scrolling through their to come up with experts and people of authority to know what theyre talking about in this situation. On the line now, susan, a personal finance retail analyst, have i described you correctly, susan . No. Actually, stuart, im a Small Business expert. So it kind of falls in the same thing there. Stuart im stuart varney. Charles payne is on another show. Im sorry. Stuart you may be used to working with charles. I am. I love your show. I love your show. Stuart okay. Whats your take on walmarts statement that sales are flat next year, profits are down in 2017, theyre going to try and spend a lot of money to get back on the online game. Whats your take . Well, i think one of the things is they want to try to compete with amazon and thats a tough thing to do, especially when you look at their online sales online compromising about 2. 5 of their total revenue. So i dont see this as their saving grace and i dont see that theyre going to effectively compete with amazon. You know, in any business when you are jumping on the bandwagon, youre probably too late and i think the sales for walmart. Not that its not going to be an important part of their business model, just not the saving grace. Stuart if youve studied personal finance, perhaps you agree with our other analysts say its the squeeze thats really hurting walmart. Do you agree with that. It is absolutely the squeeze on Middle America. Looking for even less expensive resources and theyre not spending as much. But also i mention Small Business. You know, for Small Business owners who come up with a product and then they get this opportunity to present to walmart and they get it in the walmart stores, its almost a good news bad news scenario because if someone else was saying theyre squeezing their vendors so much that is it really the right step to try to sell to a company like walmart where your Profit Margins are almost minimal. So thats another issue and then finally i think that all of the concerns that people have had about the way walmart is treating their employees and quite frankly i dont always buy into the propaganda about how horrible theyve been to their employees and not paying them a living wage, after all you want to be a greeter at walmart the rest of your life . I hope you would aspire to something more. But i think that brought them a lot of bad press, and it also presents a huge amount of potential litigation. Stuart it certainly did. Susan, you used the proper word there, propaganda against walmart. Very interesting stuff. Susan, thank you so much for joining us at such short notice. Thank you. Stuart to recap, 40 minutes ago we got the news from walmart, an extremely disappointing outlook for the future in terms of sales and down goes the stock, taken the overall market with it. Back in a moment so what about that stock . Sure thing, right . Actually, knowing the kind of risk that youre comfortable with, id steer clear. Really . Really. Straight talk. Now based on your strategy i do have some other thoughts. Multiplied by 13,000 Financial Advisors its a big deal. And its how edward jones makes sense of investing. To build something smarter. Some come here to build something stronger. Others come to build something faster. Something safer. Something greener. Something the whole world can share. People come to boeing to do many Different Things. But its always about the very thing we do best. Im Nicole Petallides with your fox business brief, we are seeing down arrows across the board, the s p 500 down a quarter of 1 losing about 5 points, the Dow Jones Industrial average off its lows of the day, had been down over 125 points, down 90, 16,992, everyone continues here on awall street to focus on walmart. The biggest selloff in walmart in 17 years and the strong dollar will cut its revenue and sales will be flat in 2016 also Technology Investments weighing on the company. And trip advisor and priceline over 20 on the partnership and that is a winner today. Netflix, after the bell the reports of quarterly numbers options traders are betting a move of roughly 14 either way. The biggest movers of 42 gain in january 2013 when the Company Report prized profits. Fbn a. M. Starts at 5 00 a. M. You drop 40 grand on a new set of wheels, then. 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I really believe we only live once, and so you need to take an idea that you have and go for it. You have the opportunity to say, ive been part of the creation of over 27,000 units of housing, and to replicate this across the entire african continent. Stuart weve got a retail story and a half. Walmart about 45, 50 minutes ago came out and gave a disappointing forecast to the future, and it was really disappointing. Flat sales, they cant sale what they used to sale and that has had an enormous fallout. Listen to this, po one down 5 , target down 4. 5 , best buy, 4. 5 down, dollar general, a direct competitor, down 3 . The others on the screen right there. Retailing is suffering and so is the overall market because this may be somewhat of an Economic Indicator. Down goes the dow off 100 points. Welcome to Varney Company, governor jeb bush. Good to see you, sir. Great to be with you. Stuart in the debate last night, two candidates said that Climate Change was the greatest threat. What do you think is the greatest threat . I think the National Security of our country is threatened by islamic terrorism and by nation states that his our weakness and our exploiting it and are running wild in effect and trying to reestablish their power and influence in the world and creating the potential of real conflict and whether thats in the middle east or other parts of the world, were seeing it play out, we need a Strong America and then focus on how to create high sustained Economic Growth. Stuart yes. Where more people can have rising income. Climate change. Worrying about the declining income for peoples pockets. Stuart is Climate Change on your horizon, on your radar screen at all . Well, i mean in the sense that the climates changing, okay. Weve got that, and we can adapt to that reality but the simple fact is you cant hollow out your industrial core to deal with this. You have to grow the economy. We need rising income for the middle class. We need people lifted out of poverty. In all of the programs from the left are top down driven programs that suppress wages, suppress job growth, suppress investment in our country, and we need to do the exact opposite. We can solve our climate problems over the long haul and just be prepared for them by growing our economy to far, faster rate and that should be the priority of the next president because weve had eight years now of serious decline, and its changing who we are as a nation. Youve got a tax plan, released it in some detail. But you didnt get that much traction. How do you react to the trumps view that youre a low energy candidate and thats why your tax plan didnt get much reaction. Eye got to get a reaction from you. Yeah. Look, not about the personalities on the stage. My tax plan allows for calls for a reduction in the corporate rate to 20 and full deduction of all capital investing. Thats a high energy idea because that would grow our economy at a far faster rate that what were growing now. We limit the number of carveouts and shift power back to people is what we need to do. The proposal we put out sustained Economic Growth at a far faster rate and you put that in rere peel in obamacare with the regulatory proposals. We could grow at 4 . Particularly if we embrace the energy revolution, growing at 4 would change everything about our psychology, how we feel about ourselves, our country, and it would grow more importantly income for the middle class that hasnt had a raise in 15 years. That should be our mission. All the Politics Around this is just completely irrelevant. Stuart okay. We know your schedule. We see you running from dawn to midnight every single day. We know how grueling it is to run for the presidency. No question about it. So my question is to you is why are you running . Whats the fundamental driving force to make you want to be the president of the United States . Well, first of all im in a position that is makes if he feel privileged and honored to be running, and i love this country, and i do it with incredible passion and commitment because its a serious endeavor. But my motivation to run relates to the fact that were in decline right now, and because my practical experience as governor, i know how to fix the things stuart they found a new problem with their software. Different device. Different software. They cannot deliver their new models in europe and elsewhere in the world because of this new problem. Leaving after just three weeks after taking the position. At the center of it all. Nonetheless, volkswagen stock is up 0. 25. We will be back in a moment with more news. People talk about deals on their auto insurance. Wouldnt a deal involve two parties discussing something . A little give . A little take . 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Right now save 600 on the 1 rated bed, plus 24month financing. Hurry, ends sunday know better sleep with sleep number. Stuart the big story of the day thus far in money is walmart. Flat sales next year. Lower profits in 2017. An Economic Indicator. A squeeze on middle class middle income americans. They cannot stop that walmart. They do not have the money. 21 billion taken off that companies of value. Now, lets get into Hillary Clinton and integrity. Look who is here. Former lawyer. A reformed lawyer. Stuart what do you have to say . Right now, that trade deal is an important trade deal. It was a trade deal on her watch. She supported it. It is important for our country. Right now, it is cheaper to produce a mercedesbenz then it is in germany. Trade deals in europe and trade deals with asia. It is important for our economy. Stuart she was for it and now she is against it. Politics over principle. She has not had the luxury of sticking the principal. She has had problems within the party. Stuart you are a highranking guy. You are questioning the potential integrity in the months to come . Do not put words in my mouth. I am noting that this risk based on trade deals. That is important for our country. Going forward, i think the road is clear. She has to stay on principle. Stay on principle otherwise it will hurt. Very tough to do that. Always what you believe in. I believe that always serves politicians pass. She can do that. Stuart mr. Ambassador, you got it all in and about two minutes. That is pretty good. Thank you very much for joining me. All the best. Stuart today at 2 00 p. M. , theyll hello riley. Do not miss it veered we will have more varney after this. Its more than a network and the cloud. Its reliable uptime. And multilayered security. Its how you stay connected to each other and to your customers. With centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services all with dedicated, responsive support. With centurylink as your trusted technology partner, youre free to focus on growing your business. Centurylink. Your link to whats next. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Stuart i do not want to give away any of your time. It is yours now. Neil what a fantastic show. You probably heard from stuart what is going on with walmart. In a world of hurt. The biggest daily drop ever. Connell mcshane on what is ailing retail. Connell it is a real mess for walmart. No doubt about it. Looking at flat sales growth. It is blaming a strong dollar. Cutting into revenue out walmart. 15 billion. You look out further than that. The earnings will not be so great. Analysts have been projecting