Transcripts For FBC Varney Company 20160930

Bank, second, big story, what is he thinking . Donald trump keeps the womens weight issue o alive, at 3 00 this morning, it was out tweeting again about the butt queen media is pounding him again. And what is she thinking Hillary Clinton faith foreign leader Angela Merkel changed germany for ever opened door to millions of muslim migrate immigrants media is ignoring that you cant ignore this, veterinarian veterinari Varney Company we are about to begin. Who i is your favorite world leader. Oh, let me think. What am one favorite iss Angela Merkel an extraordinary strong leader during difficult times, in europe. Which has obvious about implications for the rest of the world particularly our country and i hope i will have the opportunity to work with her. In the future. We wanted to let you hear what she said, Hillary Clinton says favorite foreign leader is Angela Merkel of germany more on that in a moment, look to the stock market this friday morning we are going to open ever slightly highere pretty if a flat that is yield on 10 year treasury that yield Interest Rate is way, way down. Why is that . Because the world is terribly worried about Deutsche Bank, and european banking cries that is piling into u. S. Treasury yields bonds a safe haven and that is bringing our Interest Rates down Deutsche Bank the moment going to open ever slightly higher for the real question is is the trouble at Deutsche Bank going to spread may be europe may be around the world our favorite market with a cher a permanent bear on markets jeff is here, you think it is a serious crises do you. This is extremely serious what investors have to roil series comparing with whether or not he brothers did not have expensive retail did he positivestors Deutsche Bank has 300 billion dollars in retail did depositors 500 billion dollars on deposit if in fact there is a run on these assets, that creates a very series situation in europe. Around the world. Stuart 300 billion there they could could bank use those deposits to bail itself out . Terrible sign wouldnt it . Yes one of the most desperate things a bailin means depositors could be affected if there is even speculation on that if they dont do something drastic to save this institution, the possibility of a run on assets is always that. We have been showing bank stocks around the world all terrible chart going straight down ive got to ask you to deal with this janet yellen, in this Conference Call videotape Conference Call Kansas City Fed said if we were to buy stocks and Corporate Bonds that might help it is revolutionary. Desperate if anyone doesnt think this fed is desperate delusional that specific will ask should be proof, japan did it. They decided that they were going to go and buy stocks, and it didnt help Household Spending didnt into are the stock market so janet yellen has gotten to the bottom of the barrel when it comes to what she is gonna do to try to prop up you are this market i think a mistake i think if she keeps talking about it with no rational followup, there is going to be major, major issues. Stuart i have got to move on fast i have to ask you are we looking at the likelihood of a serious big time bailout for yooun banks. There has to be, european Traditional Bank has to get involved, we have a lot of issues, when it comes to the number one factor liquidity. If we got that bailout they get that bailout our stock market goes up doesnt. It yeah because you know here is here is what is happening 2008 big too big to fail we bailed out banks europe has to do it to some extent now if investors see this as a positive now these Central Banks around the world are back stopping banks investors are probably going to celebrate when you have a headlined that says, that one of the biggest banks in the world is about to collapse, or is on the verge of collapse the market rallies what is that telling you. Stuart you are stay there what you have he shortly thank you, sir. We had a two month run of donald trump not saying anything may i say cringeworthy. Now we might have another what was he thinking moment. Look what trump tweeted this morning about former boutique kwoon using her in debate as paragon of virtue shows crooked hilary suffers from bad judgment hillary was set up by a con we heard it listen to what Newt Gingrich said on hannity last night. She has a fair chance of winning. If they keep this this aip campaign in the gutter should he said she said, it is area personality thing she has a fair chance of winning. She has zero khans of winning if trump can discipline himself, and run this at a very high level. He has not disciplined himself still talking about women and weight. Why is he doing this . I will tell you. 3 00 another im sorry to interrupt you it is okay. I can handle it stuart. 3 30 this morning, eastern time still talking about this boutiq beauty queen i thought someone was to take twitter away from him he wont have access to this stuff seriously here is the problem you can tell on his face he was completely mind sided when Hillary Clinton brought this up at debate, and with donald trump seems when that type of things happens to him i think felt a reaction around it not letting it go a dog with a bone here what he has to understand, i have a background in pageantry i dont know if you know that i was pageantry. Boutique beauty pageant i competed in the system familiar with it i remember when she gains weight big deal 20 years ago this is really a nonissue for him if he plays it that way but breatheing life into it like this absolutely wrong thing to do. One of the rules of politics, first rules of did he krensy may i say that. Absolutely. You dont talk publicly about a woman or a man, and their weight. A president ial candidate bringing up a sex tape come on. It is bad because in the context owner of tpageant gener reason at least talking about it now, 20 years later you are president ial nominee for the republican party, you cannot be discussing this, and defending what you did 20 years ago make your in front of media a horrid situation. And replaying it and now demeanorizing further. Winning. He cant see that is a little worrying. The economic policy. He has the plan to grow economy return to prosperity. His plan is the plan. Hillary waiting out the clock, you know what who could proclaim her newt made a good point best to deet donald is donald if he makes the followup it becomes you tough. Follow from will goup numbers on who won the first president ial debate, president clear, the the people answered survey 61 said hillary won that 27 say donald trump i think accurately realistics what people were saying i can note this, seven of last nine winners of the first debate president ial races did not go on to win election, so dont read too much. If he keeps tweeting like this. Love this one, all right on wait a minute here is your daily story about amazonmilliondollar prize to any team of cling students which can create Artificial Intelligence a seamless conversation with with hulan 20 minutes want to use technology in that Voice Assistant remember that on the set, amazon wells fargo as you saw in this program, chief grilled by lawmakers yesterday a question, can he be personally sued or hel criminally liable for the phony account scandal can he do that ask a lawyer. President obama giving up the internet to international bodied why on earth doing that could open us to hacking censorship from governments like china russia four state attorneys general suing to try to stop it this is interesting as if rest is not. Team europe missing a putt, a fan heckling mcilroy calls fan out on to green says to heckler why dont you try it. Watch what happens next. [cheers and applause] this woman owns this house, with new cabinets from this shop, with handles designed here, made here, shipped from here, on this plane flown by this pilot, who owns stock in this company, that builds big things and provides benefits to this woman, with new cabinets. They all have insurance crafted personally for them. Not just coverage, craftsmanship. Not just insured. Chubb insured. And im just a guy who wantsants to sell him that truck. Ck. So i used truecar. It told me what other people in the area paid for the truck i want. And because were a truecar certified dealership, i already know the truck he wants. So were on the same page before he even gets here. Its fair. And its fast. Look good . Looks great. This is how car buying was always meant to be. This is truecar. Stuart take a look wells fargo stock, going to open a little bit higher this morning, around 44 dollars a share. Cht remember please that one congressman yesterday during the big hearing on capitol hill was saying he got a break up the bank in fact several joined in on that call break it up, we will have more on that in market opening, but no impact on the stock this morning, thus far. Costco highe other profits benefited from lower fees to the new card card visa shoppers spent more on Appliances Electronics hardware costco used to be with American Express. Obama administration turns to speed control tomorrow some internet oversight to control to International Body we are giving it up what this is all about. This is called i can. A. I cann dont get glazey eyed that is company overseen by Commerce Department nonprofit still is today, keeps track of millions of web sights all over the world, kind of a keeper of the internet if you like, the contract with the department of commerce runs out today. As of tomorrow, that Group Becomes fully independent there is a lawsuit by four attorneys general say you give up control countries like china russia, iran could make clamp down on free speech whatever they could do in other words, we are going to lose control over the internet we all know what repercussions could be one attorneys general general with us right now mr. Ken paxton is here the attorney general of the state of texas, good morning to you thanks for joining us. Good morning. Is that accurate if we give up control, could it be controlled by or influenced by foreign powers as of tomorrow morning is that accurate . Well it is possible we dont know it is a private corporation so anybody could be involved in this, you have potential limiting free speech potential lofz addresses domain name whole state could lose domain in a i am we dont know what could happen all we know we dont believe congre delegated authority to therefore. Your suit says dont do this stop it now you have got a few hours left can you stop it. We are in court this afternoon arizona there texas, and asking the judge to give us a restraining order so we can have time to further look into this. The grounds for your suit are that the Commerce Department doesnt have the authority or the administration doesnt have the authority to cede control the International Body accurate. Several things one congress does not delegate authority to the congress has Soul Authority to give away property in control of property u. S. Government we cant have agencies transferring property to government, so we have three other claims beyond that those are main ones. Reading from a report on this from the hill newspaper Teresa Peyton writing as of october 3 it cannot be assured that if any web site is hacked, the responsible party will be held accountable. She said we cannot be sure if a web site is valid we cannot be insurer one current favored over another so why have you any idea why is it the Administration Wants to give up this control . I have been thinking about that question i literally cannot come up one good reason why Administration Want to do this literally nothing i can think of a lot of reasons you wouldnt want to do it i cannot come up with a reason for actually doing it. You are in court this afternoon hours before the transfer is supposed to take place joined by tleer other attorneys general in d. C. Federal court. No, it is in federal court in galveston, texas actually. What do you think the chances are . You know what i think we made good points here remember tro i hope the judge has enough interest to give us time to bring back the is this a Party Political issue republicans as opposed democrats for it. I dont know you would think this would be you a nonpartisan issue everyone would care about i would think there would be democrats that would be in favor of protecting the internet as well their free speech rights and access to the internet will be affected like republicans. Just love to know what upside is for america i cant me, too. Thanks very much for joining us we appreciate it good luck on efforts this arching thank you, sir. Thank you appreciate it. Tensions between indiapakistan heating up pakistan says they are willing to eliminate india, trumps Foreign Policy advisory coming up discussing that subject. Trumps Campaign Manager Kellyanne Conway makes first appearance on the view got ugly, more on this, you will see it here we go. Not in new york because i tell you wt we. I aa new yorker dont bs. Stuart supermarket want to buy spice go to spice rack usually mccormac the spice people, nice they have 250 brands in america all around the world, good profits good outlook up goes stock opening bell moments from now. Donald trump Campaign Manager Kellyanne Conway appeared on the view the host especially Whoopi Goldberg did not who will back in attacks on trump, watch this. Why play under a president thinking. Why not hiding anything. He is. What was the tip what was all that what was it about. Well wasnt what howard he was thirsty you are going to creative. Thirsty . Not in new york i tell you what in new yorker dont bs a still here. Of course your reaction to that. That was strong, i mean look Kellyanne Conway is a strong, strong advocate for donald trump i think did a fine job holding her own the view ladies are most make no bones about the fact they are adamant Hillary Clinton supporters i think Kellyanne Conway had to know. Rabid. Only word to use. Like that every day, and with kellyanne there what i would have liked to have seen give her a little more lead we to sxraes what she was a there to support then may be go with q and a like able to get very little out. They wont give trump an inch not an inch, robby luke, he was there, i think just a few days earlier, he got a very warm reception, nothing harsh hostile whatsoever for robby you look. It was not informative i understand bhaly blatant hillary sports that is fine, others are not hillary supporters kel why i ann was not able to get information that might have persuaded some around questions about donald trump that is the point of that appeal. Media has renewed the attack vigorously this morning, i got the feeling that because donald trump appears to have lost the first debate media think they can kill him off now piling on extraordinary degree. Perhaps but mitt romney handedly won first debate 12 went on, of course, to losing and memorable fashion so we cannot know one can put too much stock into that first debate performance. Trump supporter yet not yet. No. Have talk to me next week stuart. Back to Main Financial story of the day Deutsche Bank biggest bank in Germany Center of what is clearly a european banking crisis the stock actually is going up. Maybe they think servers think there is going to be a bailout of some sort, sure looks like a lehman situation overall, does it not . Janet yellen says fed could start buying up stocks and bonds in a downturn, never seen that before, but that is what she is suggesting is okay. The opening bell friday morning moments away. The pursuit of healthier. It begins from the second were born. Because, healthier doesnt happen all by itself. It needs to be earned every day. Using wellness to keep away illness. And believing a single life can be made better by millions of others. 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I see a 58point gain. Look at that, all 30 dow stocks opened higher. Banking crisis in europe . What banking crisis in europe . I will tell you about it. 10year treasury yield is down to 1. 55 . That means when there is trouble in the world and trouble in europe with the banking crisis, hot money comes to america. Its a safe haven. It goes to Treasury Bonds. You buy Treasury Bonds and push price up and yield, what youre looking at there goes down. That is clearly big story, affecting your money here. However the stock at Deutsche Bank has bounced back. It is up 5 . Maybe theyre thinking here comes a bailout which would be good for Deutsche Bank stock. Well see. How about the big American Banks this morning . Were off and you running on day two going higher. Possibly they believe a bailout is coming for european banks. We look at dow, up 130 points. How about that . We never forget about amazon because it keeps gone going up. There is story every single day. Look at it now, 834. It touched 837 just yesterday. Who joining us this friday morning. I will tell you right now. Full screen. Ashley webster, liz macdonald, Scott Shellady and anthony scaramucci. The question is this is this another Lehman Brothers over in europe . I want to start with you, emac. You have numbers how Deutsche Bank is connected to other banks. Liz they have 51 trillion in exposure. Stuart can we hear that again . Liz 51 trillion exposure. The biggest exposure is jpmorgan chase. Between two of them they have 1 5 of the worlds exposure. Jpmorgan and bank of america has been taking hits. What is happening now, Federal Reserve uld open the dollar liquidity fire hydrants as it had ready for brexit and 2008 crisis this is confidence issue. Stuart so the Federal Reserve is ready and willing with a rescue to be part of the rescue of european banks . Thats right. Ready with dollars to settle trades. Stuart anthony, you know about that, is it possibly a lehmantype situation . I really dont think it is, stuart. Well have is robert wolf on, the chairman of ubs on wall street week tonight. We discuss this i do not think so. No Systemic Risk because of two reasons, the fed and European Central bank will bail them out first they bail them out this is a lehman situation. Ashley what about all other banks. Stuart guaranteed. 100 . You have to understand something they learned from the Lehman Brothers fiasco and they will not leave one of these banks behind. Ashley we have a lot of italian banks teetering too, do they get a bailout . Do i take at that personally . Ashley no, thats true. Stuart Deutsche Bank rescue bailout stuart you have to understand something. They will bail out everyone of these banks, okay . So that is why the market is rallying. I know you dont like that. But that is going to be the strategy. Stuart i just want to know what is going on. I think theres a big problem here and that has to do with all the retail depositors. The fact there is this tremendous amount of retail depositors at Deutsche Bank, over 300 billion in retail, i know everybody is rooting for this bailout but the ecb is not flush with liquidity. So you got banks like monte in italy and whole italian bank is in systemic failure. The ecb does no have the capability. Keep in mind Lehman Brothers did not have depositors. Liz here is the time frame, two months, how much Deutsche Bank has with the liquidity. Stuart bottom linings looks to me this moment markets think there will be rescue help bailout for Deutsche Bank and others as well. That is why the stock is up. That is why the dow is up 120. There is another issue i want to raise with Scott Shellady, that would be janet yellen. On Conference Call with the Kansas City Fed yesterday as scott well knows, janet yellen suggested we could buy bonds or stocks in america. The Central Bank Buying stocks and bonds. What do you make of that, scott . If you want to ask the guys behind me, sound quoteunquote, plunge Protection Team we always thought existed in the basement. White house when Federal Reserve would buy stocks if we crashed is coming out of the closet. That is nothing new. Number two, for her to suggest that is very dangerous. She has eye on momandpop pushed out risk curve and precariously out there hoping for 3 return on stuff could be down 12 if she starts to raise Interest Rates. She is in trouble. She has to be creative or get up to hand it back over to the government for fiscal reform. Stuart who would have ever thought Americas Central Bank considers buying stocks and bonds. Liz amazing. Stuart markets are up 120. How about wells fargo . There is bank very much in the news. Ashley, we saw yesterday on the program, calls to break it up. Ashley brad sherman, democrat from california. He apparently asked fed chair janet yellen at congressional hearing whether she considered breaking up wells fargo in the wake of scandal. She said quote, we hold the largest organizations to the highest standards. Sherman then said it appears few banks are able to meet the high standards. That is all that janet yellen would say about it. He says these big banks need to be broken up. Stuart wells fargo along with other big banks are up this morning. That has to do with the Deutsche Bank possible bailout. Check the big board. Look at this, friday morning were up 120 points. There is the news five minutes into the session. Mccormick, spice people, better outlook. 99 bucks on mccormack. Two big names, cocacola will produce and distribute bottled Dunkin Donuts coffee. Both of them going up. Walmart in talks to invest up to a billion dollars in an indian startup. It is called flip cart. This is thought by some to be the Online Amazon of india. It is an online seller. Walmart up on the news 1 . Police club costco it is a winner price club costco. Partners with visa. No longer American Express. Nicole, the story please. This move to visa became more profitable for company and customers as well are showing this as they, these are part of the warehouse customers that they have, their club deals, they have been spending. They have been spending on appliances, electronics, hardware. This move to visa from American Express with lower card fees and helped costco beat quarterly numbers. Up 4 for costco. Stuart nicole, thank you very much indeed. Every single day if youre viewer of program we bring you a story about amazon. Theyre always making news. Listen to this. They launched 2 1 2 Million Dollars contest for College Students to help develop Artificial Intelligence. I dont know why these people are laughing here. Liz i think it is genius. Stuart top prize a million bucks. Liz you have some liz they basically want a 20 minute conversation you can have with your device. Now can only talk to for four minutes. They want reasonable, rational conversations with your alexa. This basis is the star trek bridge. Wants command control center in your home you can talk to that will command all sorts of devices and do anything you tell it to do. Stuart amazon 833 a share. It doubled in last 10 months. Would you buy it here . I wouldnt here but im consistently wrong. I think it is overvalued. Stuart you cant possibly buy. Buy on the dip. Pure momentum stock, if something happens, if there is crisis, you will see 15 or 20 stock. Stuart jeff sica is lurking. Im a fan of amazon. Think i theyre doing everything right. This is the darling of the stock market. Everybody wants to pile in on momentum. Im not a big fan of momentum. Anytime personally i try to invest in momentum i generally come in at the top. If i came out to say buy it that is the wrong time. Stuart look at stock price of bp. I dont think it will be affected by this, nonetheless were showing it to you. The deepwater horizon movie hits theaters. Its a drama about the gulf disaster. Ash, it is not greenie propaganda. Ashley not at all. It is a human drama. 11 crew aboard the horizon died in 2010. It is human can cost focus of it. Not great for bp that it is out there, lets be honest. It will have big impact on stock. Stuart look at at t, the ceo of that company caused a dialogue on racial tension. Emac, isnt this what the starbucks guy tried to do a few years back . Liz randall stevenson. Speaking on a conference and essentially saying you know what . All lives matter ideology is divisive. Stuart wants employees to engage in conversation. Liz condemning all lives matter ideology, too divisive does more harm than good. Try to gnat each others feelings why tre is racial tension. Stuart i thought he was asking people to call up a stranger and discuss race. That is nonstarter. Wall street week, 8 00 tonight. Anthony scaramucci is host of along with his good friend there. Who have you got . Robert wolf. I gave him hard time on show. Came in with full athletic supporter on. We beat him up a little bit. Here is why he is expert and worth watching. Great commentary on wells fargo. Great commentary on Deutsche Bank. He also talks about the future of infrastructure in the country which is relatable to what happened. Stuart he is clintonesta. I know you doesnt like that. But were about fair and balanced. Thats what were trying to do. Stuart you are a hit. That show is a hit. Thank you, stuart. I appreciate your support on it. Thank you. Stuart youre welcome. It is cheap. [laughter] scott, anthony, all of you thank you for starting on this morning. We were up 120. Now were up exactly 100 points. Not a bad start. Donald trump on the attack. He says the clintons are the sordid past. So why is he tweeting at 3 00 this morning still about miss venezuela . New round of polls are taken after the debate. Hillary clinton not getting. Of a bump. Full results next. Stuart were calling this a bailout boost. Odds are there will be some kind of help rescue bailout for european banks. Our market loves it. So do bank stocks by the way. The dow is up 102 points. How about this one too . Chelsea clinton took a private plain to a clean Energy Roundtable pushing for hillarys clean energy agenda. I dont want to make too much of this. Ashley she was flying from greenville, North Carolina, to asheville. This roundtable was collaboration. Businesses and individuals to tackle climate and environmental issues. Clean Energy Climate change, chelsea, are some. Most critical questions in this election. She jumped back on the private plane and left. Stuart if you want to get between those two ashley fivehour drive. Stuart what are you going to do. Not hot on that. Moving on, as they say, donald trump says that clintons have a sordid past filled with corruption and scandal. He says americans want change. Watch this. The clintons are the sordid past. We will be the very bright and clean future. Stuart ed rollins is with us. He is Great America pac cochair. Is this right way to go after the clintons, going into bills infidelities . Absolutely not. The second part of the message he needs to talk about, the future. Anything in the past is irrelevant at this point in time. This is how you move this country forward. He has great strength on the economy. What are his plans. What are the things he wants to do. People who are around know what bill clinton did. They know what hillary did. At the end of the day none of that matters. What matters how will you lead this country and get jobs. Stuart 3 00 this morning he is tweeting about beauty contestant and linking women and weight. Are you guys getting exasperated . Yes, to be perfectly honest. He almost has to have lo bottom my anything in the past. Anybody whoever slighted him needs to leave alone. Needs to talk about stuart what is going on with the man . Why does he do this . Way it always has been. Any slight he never forgets. In this particular case all he has done taken a young woman who basically, no one knew who she was a big movie star in latina, and miss universe, something that basically way out of line and no one cares. Reinforced negative impressions about negatives towards womehe had before. This hurt him and hurt him deep. The new york cover is one of the most deadly political things i ever seen. To certain extent stuart new yorker magazine . No. Have you seen it . It is donald with miss congeniality in miss america type contest heavy. It is just a devastating, devastating. And bottom line is stuart he asked for it. He asked for it. I think he had a pretty good debate. Not a great debate. But at end of the day talk about the economy. How i will direct this country and not about who slighted me in the past what when. Stuart poll from florida. Shows hillary leading trump 4642. I believe this poll was conducted after the debate. Yes it was conducted after the debate. Which means that hillary got only a very small bump up because of the debate. Not too many people left. Most people feel she won the debate. At least more than half the public in serious polls. She will get two or three points. She has momentum again. She had a couple really bad weeks. He has another debate next week. Town hall. Totally different kind of forum. He has to do well. Has to practice and get ready and talk about nothing but the future of this country. Stuart howard dean criticized donald trump for his sniffles and implied could be cocaine user. This morning he apologized for that. He should have. I spent all day with are president ial fells low at harvard. He said he didnt mean to say it. He said youre a medical doctor, you dont have a right to do it. Stuart howard dean is apologizing because told by ed rollins. I wouldnt say that im a friend of his. I talked together and how stupid it was. I think he realized it was stupid. Stuart ed, we didnt realize how much clout. If you can get howard dean to apologize for that cocaine it was stupid thing. It hurt him. It hurt howard. It didnt hurt trump. It hurt howard. And howard basically, you cant be, you cant be a man ran for president , chairman after party and cant make outrageous stupid things like that. When you you have a medical degree with, eliminates your credibility in the future. Stuart are you getting out there today, saying donald, knock it off . No more things about weight and beauty contests . Unfortunately i can do it here. I run superpac. I cant talk. Donald no more discussion of fat women, what have you. Theyre wonderful. Majority of vote. We need desperately to get young woman to support you. Stuart i believe he watches by the way. I hope he does. Stuart seeing what you just did. Ed rollins, thank you very much. Thank you, sir. Have a great weekend. Stuart we shall indeed. Check the dow 30, 28 are in the green. Only two in the red one is microsoft which i happen to own some of. Wells fargo chief john stumpf grilled on capitol hill. You watched it here yesterday. One democrat congressman suggests criminal charges. Watch this. Your problem is coming. It is not today. You think today is tough . It is coming. When the prosecutors get ahold of you, youre going to have a lot of fun. Upgrade your phone system and learn how you could save at vonage. Com business a used car, truck, suv. Thats smart. Truecar can help. Its great for finding a new car, but you already knew that. Its also great for finding the perfect used car. Youll see what a fair price is, and you can connect with a truecar certified dealer. So, no matter what youre looking for. There it is. This is how buying a used car should be. This is truecar. This man creates software, to protect this customer, who lives here and flies to hong kong, to visit this company that makes smart phones, used by this Vice President , this little kid, oops, and this obstetrician, who works across the street from this man, who creates software. They all have insurance crafted personally for them. Not just coverage, craftsmanship. Not just insured. Chubb insured. eeeeohmumohweh hush my darling. dont fear my darling. the lion sleeps tonight. hush my darling. man snoring dont fear my darling. the lion sleeps tonight. woman snoring take the roar out of snore. Yet another innovation only at a sleep number store. Stuart wells fargo chief john stumpf grilled on capitol hill yesterday. Unsatisfied with his officers congressman warned future prosecution and maybe criminal charges against him. Listen to this. You are the ceo and chairman hold yourself to accountability, youve been bad. No, you havent. Thats ridiculous. Your problem is coming. It is not today. You think today is tough . Its coming. When the prosecutors get ahold of you, youre going to have a lot of fun. Stuart all right. That congressman by the way will be on our program this morning in the 11 00 hour. Joining us right now, emily campanos, a attorney and frequent guest on this program. Emily, congressman there and other congressman yesterday suggested that he could be, john stumpf, criminally prosecuted, held personally liable. Is that kind of prosecution possible . Absolutely. So note that he can be held personally liable automatically if he found to engage in fraud. That automatically attaches. Courts have failed to provide a bright line rule of personal liability of executives but what we know for sure it does attach when there is intentional misconduct. Usually not with negligence. Here we would have to prove knowingly directed or authorized or took meaningful participation in the wrongful act. We see him blanketly denying and i didnt know about anything and it is 10 steps below me. If it is criminally charged it will absolutely attach here. Stuart look, he did know when he found out about it he took action, 5000 people fired. And then he did report it to the authorities. And he is going to take a 41 million hit to his own pay. Does that get him off the hook for criminal charges . Not completely because theyre going to argue that he knew about it in advance way before then. And remember, the congressman that brought up, look how interesting it was that you sold a certain amount of shares as well when you first heard about the you fraud. They could get him on the hook for insider trading. Note as well a congressman yesterday brought up rico. That is primarily reserved for mafia and even fifa. He is facing a whole host of charges. No, those things dont get him off the hook at all. Stuart if they charge him under the rico statute, he is found guilty, either he or the bank, i guess it will be the bank, is on the hook for triple the damages awarded. Thats what happens in rico cases i believe. Exactly. Again he will be held personally liable automatically. I agree, maybe not so much with the language but that congressman, he does have a whole host of problems facing him right now and definitely it is far in the future. Stuart yes, he does. Emily, thanks so much for joining us as ever. We always do your homework and we like that. Emily, thank you very much indeed. Thank you. Stuart check the big board. Were up 93 points. This is the last trading day ever the quarter. Were at 18,235. Quickly to politics, donald trump tweeting about miss venezuela again, this time at 3 00 in the morning. The man wont let the issue go. Doesnt seem like he can move on from it. We have soodest Campaign Advice for mr. Trump next. Stuart mr. Trump, can we talk . Not that you will listen to me but i have learn ad few things covering the news for the last 40 years. I have learned a few things about life as well. Try this. Dont refer to a womans weight. Im not being politically correct or politically incorrect. Im just suggesting what i will will call common decency. Like it or not in our society how much you weigh is touchy subject, men and women. It is agony for overweight youngsters going through their teens and or any age. When a president ial candidate mention as womens weight problem you know it is wrong and politically disasterous. That is exactly what donald trump has done. He is still bringing up the beauty queen from years ago. He actually tweeted about it again at 3 00 this morning. Think about it. His opponent, Hillary Clinton, has called millions of decent americans deplorable and irredeemable. The Clinton Obama economy is not doing well. And email scandal, that goes from bad to worse. But trump does not make use of this ammunition. No. He keeps the weight story going for days on end. So heres what i got to say. You will not win the womens vote like this. You wont win the election like this. Women and weight together . Dont go there. Because it is a real turnoff. Frankly, sir, it is just plain wrong. Stuart the dow jones average this friday morning, it is up 108 points. Dont you like that. Deutsche bank is still a big story. Deutsch bank stock up 6 . Look at 10 year yield, 1. 56. Stocks up, treasury yields down and Deutsche Bank stock is up. I will tell you what is going on. There is feeling here, we, the europeans, are going to rescue or bailout Deutsche Bank and other european banks. Of a bailout mean stocks go up, bank stocks go up. That is what is happening this friday morning. Get to donald trump. In the way hours he was tweeting about Hillary Clinton dragging up his not so nice comments about miss universe. This is one of three tweets he fired off. Did crooked hillary, disgusting, chick out sex tape and past, alysha m, u. S. Citizen to use her in a debate. Liz become a. Stuart become a u. S. Citizen. You get the gist of it, he brought up women, weight, beauty contest again. Yesterday in New Hampshire, trump floated up the idea of bringing up bill clintons sordid past at the next debate. Watch this. The clintons are the sordid past. We will be the very bright and clean future. Stuart right. Trump campaign surrogate erin he will more is with us, not just on the camera but here in new york with us. Erin . Good morning. Stuart you heard what i say at the top. It is flatout wrong, absolutely wrong to link a woman and weight in a Political Campaign in public. Are you with me . There is big issues that donald trump could really be burying hillary with right now. We should focus on those. Stuart yes. Why doesnt he . He has to think through it. Stuart youre a trump surrogate. What are you saying to the campaign about this. Stay on message. Granted this beauty queen has sordid past, threatening to kill a judge, driving a getaway car allegedly in murder. Stuart why bring it up. The debate was monday night. At 3 00 on a friday morning the man is still texting, tweeting i should say about a beauty queen. Hillary wanted to get under his skin. Maybe this is little bit of that. What we have to get focus cud on, there is benghazi, email scandal. If you want to talk about bill clinton im okay but drop stuart is there anybody in the campaign, Trump Campaign who is pounding the table, knocking it off, youre killing the campaign . Im sure kellyanne is reeling him. Stuart does he want to win. You know he wants to win. Stuart why is he doing this . You got to think about this. Do you want donald trump in the oval office in the next four years when he could Say Something like this at any moment in the next four years and it will be on your screen, in your living room, for days on end . You want that . You want him to be controlled, intelligent measured businessman we know that he is. Moreover, talk about the clintons and their treatment of women, accepting money from saudi arabia. Both countries like, that qatar, oman, saudi arabia have horrible track record on. So say hillary and bill clinton are great for woman is not accurate. Stuart do you think he should raise issue of bill clintons infidelities at this time when he is up against the wall for women and comments about weight. Not the right time. There were a few missed opportunities. Neither side moved the needle. He did attack Hillary Clinton on they are her 30 years record. I think next debate he will come prepared and attack her the proper way. Stuart what is the morale inside of it trillion campaign . Youre in the middle of it. I am. Stuart surely there are voices saying, you cant have this . What is morale like. It is good. Donald is on great trajectory. The numbers are still is very high. Ohio isnt necessarily the biggest swing state it once was. He changed the map, changed election process. I think everyone is moving forward and getting over this with the weekend. Stuart has he accepted he lost monday nights debate. I dont know that is necessarily true. He didnt have onetwo, knockout punch and put her on mast and. Stuart gallup poll conducted after the debate who won. 61 said hillary won. 29 or 27 said trump had one. That is huge margin. Matters with the independent voters think and how they will vote on election day. There are two more debates and it will be perfectly fine. Stuart let me explain my mood. I think donald trump has the best plan for getting this country going again economically. Heill provide growth for u. S. Econy and prosperity. It is exasperating for those of us who believe in the trump on the economy to see him mess things up so badly on sex and women and overweight. I mean were exasperated. I love to see you fired up. I love it. Stuart i want you to go back i will report back. I heard. I have listened. I learned. My mental notes are taken. You are now on the campaign trail. St our viewers. Thats where im coming from. Youre the best. Stuart erin you stood there, sat there, you took it. We appreciate it. Thats why im here. Happy friday. Stuart all right. Got to take a look at the stock price of Deutsche Bank. It is up 7 . What is going on here . The story that Deutsche Bank is in deep financial trouble, needs some kind of rescue, help or a bailout. The stock is up because the Federal Reserve is maneuvering and one of the people maybe coming to the help much Deutsche Bank and other european banks. That is a form of bailout. The market loves it. There is another story on janet yellen, top american central banker. She told a bankers conference at the Kansas City Fed that stock buying or bond buying by our Federal Reserve could be a useful tool in a downturn. Never heard that before from a central banker in america, okay . Here is what she said. There could be benefits to the ability to buy either equities other Corporate Bonds. Whoa, thats a revolution. Brian benburg is with us. I believe he is professor of business and finance at kings college. Your professor, is that correct . I am a professor indeed, yes. Stuart that shook me when i saw that. Janet yellen from states of america thinks about buying stocks an bonds. If you want more evidence that our economy is in terrible rut there it is right there. The chairwoman of Federal Reserve will buy stocks and bonds. They cant really do that. Theyre talking about it, looking ahead seeing no growth. We have no Growth Prospects if the economy turns down what ammo do we have left. Stuart it is desperation. It is. Same thing bank of japan has been doing. It has not worked. They distorted prices and distorted markets. Driven investors out of the market t hasnt done anything. The fed is basically saying ammo we have left in practical sense will not work but really all we have. Stuart looking at American Bank stocks right now. All of them are up, except wells fargo which is separate and special case. Theyre all up odds are there will be rescue and bailout of european banks. That not hard to see how germany is not going do do that but the Deutsche Bank situation doesnt really have to become a lehman situation. This is interesting, were talking about systemic. Where is the risk coming from . U. S. Regulators. Department of justice 14 billion settlement. If that number credibly came down to 3, 4, 5 billion today that conversation would be over. Theyre the ones creating Deutsche Bank has problems but not a systemic problem except that the department of justice has this big number on the table. Stuart the market is up. Bank stocks are up. Probably because they will get help they need. Hold on a second, brian. Were learning more information about ceo at wells fargo, john stumpf. His retirement pay package. News on that liz . Liz it is 10 million bigger than people thought. He was going to walk away with 124 million at end of 2015 looks like. Looks like now it is 134 million. So his pay package is bigger than previously thought, that is john stumpf. When you take out the 41 million, back out the clawback he could still walk away with 93 million in compensation. Stuart he is not going to be popular. He is not going to be popular. I dont see how he survives next three months. Nothing here the average person says justice has been served. No, it hasnt. 10 million, 90 million, 120 million. Sorry you ripped off retail consumers you cant do that and survive if you do that sort of thing. Stuart bremburg, a professor. Thank you. Stuart tenured professor. Im an associate professor. Yes, im legitimate stuart. Can i just say that . Can i say that . Stuart you got your job and youre going to keep it. That is what youre trying to say. Thank you, brian. Now this, hurricane in caribbean. Hurricane matthew, it strengthened to category two storm. It could get stronger, heading for jamaica. Parts of that storm could hit florida next week. How about this . Nuclear standoff, pakistan threatening to eliminate india . Pakistan says its Nuclear Weapons are not just for show. Well update that. Angela merkel let more than two million migrants into germany last year and Hillary Clinton says merkel is her favorite foreign leader. Weve got more of that coming up. Hey dad. Hey sweetie, how was your first week . Long. Itll get better. Im at the edward jones office, like sue suggested. Thanks for doing this, dad. So i thought it might be time to talk about a financial strategy. laughing you mean pay him back . Knowing your future is about more than just you. So lets Start Talking about your longterm goals. Multiplied by 13,000 financial advisors. Its a big deal. And its how edward jones makes sense of investing. Stuart well, were now getting close to the high for the day again. Were up now 130 points. 131 points and rising. Well keep you up to speed with whats going on here. Looks like there will be some kind of rescue for european banks. Our market goes up. Now this one for you. Hillary clinton says her favorite foreign leader is, germanys chance lore Angela Merkel. When asked by reporters, she said merkel is extraordinary leader. Listen to this. Who is your favorite world leader . Oh, let me think. One of my favorites is Angela Merkel because i think she has been an extraordinary, strong, leader during differ you cult times in europe, which has obvious implications for the rest of the world and particularly our country. I hope i have the opportunity to work with her in the future. Stuart maybe not because Angela Merkel is in some real trouble. Joining us now is walid phares, trump Foreign Policy advisor. Walid, i was surprised to hear Hillary Clinton name Angela Merkel as her favorite leader because in my opinion Angela Merkel is the woman who changed germany and europe forever and i dont she has long in the chancellorship. What say you . I think there is a lot of Common Ground between the two Foreign Policy is National Security agendas. Number one, you may have mentioned earlier is the issue of migrants. Merkel is the leader who opened the gates of europe and other countries to the nonorganized migrant refugee situation. As you mentioned Public Opinion in germany very concerned about that. Because that immigration does not follow the cultural and economic structure of germany. Secretary clinton has been supporting a open, wide gate for migrants coming to the United States without vetting, without really proper vetting. There is another issue, stuart. It is about the iran deal. Merkel is the champion of the iran deal, strengthening irans regime with return of funds and secretary clinton is a supporter of iran deal. Stuart i didnt realize there was second leg to the whole story. Im glad you revealed that, walid. Would you hold on for a second. I have to deal with another issue. Namely the possible banking crisis in europe. I will get back to you in one second, walid. We were talking about at 9 00 this morning we went up there saying look, there is possible european banking crisis. Alounge the lines somewhat similar to lehman back in america eight at years ago. Now we see Deutsche Bank, biggest bank in germany at the center of the crisis. That stock is now up 7 . And our stock market is up and our banks are up as well. The story here is there is likely rescue or help or bailout for that big bank, Deutsche Bank. Liz, you reported earlier that it is possible that our Federal Reserve will open up the spigot and supply dollars, money for a rescue plan, is that still accurate. Liz liquidity fire hydrants. Sending in dollars into the eurozone to settle trades. That is what they did in the 08 crisis. That is what they set up for brexit. I think the term auction facilities are still open in the case of Deutsche Bank going down. Stuart odds are some kind of rescue will be put in place. Thats why the market is up, bank stocks are up. Deutsche bank is up. Lets deal with that. Lets get back to walid. The feud between india and pakistan at a boiling point. Smallarms fire exchanged between the two countries in the himalayan border area. Pakistan is threatening to destroy india. Here is quote from the defense minister. We will destroy india if it dares impose war on us. We have not developed atomic devices to display in showcase. If the use arises we will use them and eliminate india. That is tough talk, walid. Is that a boil be point. It is extremely dangerous. I will be speaking to members of committees in Congress Today about this issue. We have first of all, we have exchange of incidents on the border, very long border, disputed border between india and pakistan. That could lead to much wider escalation of violence with presence of taliban and prince of jihadists in both countries. The most important point a statement of minister of defense by Nuclear Powers. One thing is Nuclear Powers dont do make those statements. Iran would make that statement but not respected recognizable superpowers. Stuart i would expect president obama to be on the phone at this point with islamabad, capital of pakistan and new delhi, india, steady on, gentlemen, steady on. I would have expected president obama months ago to have already interacted with both leadership. Not let them get to that point. Be fighting on the ground, two Nuclear Powers. When two imagine russia and us fighting in alaska . That would be unimaginable. President obama missed the train. I hope he is going to make the phone call. Stuart at that point, walid phares, trump policy advisor, thank you as us for joining us. We appreciate it. Thank you. Stuart now this. A filmmaker goes to europe to investigate the migrant crisis. He find neighborhoods that even police are the too scared to enter, really nogo areas. Thats what he found. That filmmaker was attacked by five migrant thugs. He is going to be on the program. He will tell us what happened. Michelle obama campaigning for Hillary Clinton. Remember when she said this . One of the things, the important aspects of this race is role modeling, what good families should look like. In my view, is that if you cant run your own house, you certainly cant run the white house. Cant do it. [cheering] hey hows it going, hotcakes . Hotcakes. This place has hotcakes. So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. Im amazed what you do not know about your business. I am really amazed. I more i dont knows from a ceo than i think i ever heard in my life. So i have got one simple question for you. When are you going to resign . Stuart well it really was pileon time, wasnt it . Wells fargo chief john smp got grilled yesterday. That is the second time. Meanwhile were now learning that the company was fined 20 million for repossessing cars of military personnel. You better explain that one. Liz hundreds of soldiers cars without obtaining a court order. So the soldiers, some heading to afghanistan, all of sudden had their cars repossessed, sold at auction, heard from the bank, we didnt raise enough at auction to cover your loans, so give us more money. The veterans, soldiers didnt know this was happening. Stuart was this something to do with the two million phony accounts . Liz this is separate. Came up during the hearing. Looks like theyre getting fined 24 million bucks stuart soldiers, some on active duty, they were not told about what was going on . Liz car was taken. They didnt know. Stuart their right as active military personnel ashley they are protected by law. You have to get a court order before you can get resew pegs. Liz they didnt do that. Stuart that is as bad as pr move as two million phony accounts. Dont mess with the military. Next case, the printer maker, lexmark, remember them . Its a winner after its proposed buyout by chinese consortium. It received regulatory approval. Look at it go. Up four bucks. That is a 13 gain. The chinese are going to buy it. Back to the election, our next guest says Hillary Clinton is the most qualified and experienced of all the candidates. Well, he is our guest and im going to ask him name one Foreign Policy success when hillary was secretary of state. I will ask that question. He is watching. So he might have an answer prepared. Now this one too, update on the new Jersey Transit train crash in hoboken. Investigators have pulled the black box from the train. Theyre looking into the speed it was going at right before the accident. The trains engineer is being questioned. And he is cooperating. We have details of the woman who was killed. They have been released. Hoke boeken resident. Fabiola de kroon, mother of a 18monthold baby. She was not a passenger on the train. She was apparently struck on the platform. She was 34, just delivered the child to daycare. When a moment turns romantic, why pause to take a pill . Or stop to find a bathroom . Both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis and a 200 savings card. Stuart were up about 120 points this friday morning, and now take a look at the tenyear treasury. The yield is down at 1. 57 . Whats going on . Be a rescue of european banks is probable. Good news for our stock market, good news for bank stocks. More on this later. Do you remember this line from Michelle Obama . Remember, please, this is back in 2008. Do you remember it . Roll tape. One of the things, the important aspects of this race is role modeling what good families should look like. [applause] in my view, be you cant run if you cant run your own house, you certainly cant run the white house. Cant do it. [cheers and applause] stuart well, that was a slam right at the clintons, was it not . Okay, fast forward. Heres the first lady this week campaigning for Hillary Clinton. Roll tape. A president cannot just pop off or lash out irrationally. [cheers and applause] we need a grownup in the white house. [cheers and applause] stuart and i guess that would be Hillary Clinton. Tammy bruce is with us this morning. Isnt this one of the things that people dont like about politicians and pollices, a total reversal politics, a total reversal of your point of view . Yeah, look, barack obama was supposed to be the nonpolitician back in 2008, the fresh face, the new guy. And, in fact, theyre all politicians, including michee obama. People see that, its a reminder about why donald trump is the nominee for the republicans. There are some problems that come with that stuart yes, there are. [laughter] but weve also learned that, in fact, it takes leadership and sometimes you might have a man like barack obama whos very good, speaks very well, doesnt offend anybody but sets the world on fire. So were looking at what leadership maybe is, and its not just about role modeling, its about making sure that we have a future for our families. Stuart you can do a 180 in the politics, they all do it. And now with new media, were able to look at the differences stuart thats right. A reminder that they say one thing and do quite another. Stuart you can just get it up there anytime you like. Its like the hug of george w. Bush from Michelle Obama. People are saying stuart they hugged . Michelle and george w. . They hugged each other, it was a nice moment, yet i thought he was responsible for every horrible thing in the world, but apparently not. [laughter] stuart you got a lot to learn, young lady. Hold on, the first president ial poll from the state of florida taken after the debate. Look at the results. Hillary clinton leading by four points now, 4642. Thats just a twopoint shift from the poll taken way before the debate. Now, that doesnt seem to me like a very big bump because widely thought that hillary won that debate. Yes, well, exactly. And thats well within the margin of error. Stuart yes, it is. And these are just registered voters who say theyre likely to vote, but its a very different cohort from actual, likely voters. The other difference here is 67 of the cohort is white which is basically what the voting electorate also is. And donald trump is winning those 5333 . So its a very interesting dynamic when it comes to whos going to be coming back and why hillary is going down there. Early voting has started. In 2012, 50 of the electorate voted before the election. Stuart youre kidding me . Half of the people thats right. Stuart had their ballots in before election day. Thats right. Its not just going to happen on november 8th. So all these conversations right now are very important, especially with numbers like that in 65 of registered voters are, again, nonhispanic whites, and that is where, of course, the wheelhouse for mr. Trump. This is why hillary is going and pushing very hard for the hispanic vote, for the africanamerican vote which is getting wobbly in florida. And this is a very, this is a concern for her. Politico noted that just two days ago. And theyre saying, look, its not enough for barack obama or Michelle Obama to say go and vote for her. And shes having to tell them and show them why they should vote for her, and shes not having good answers for that. Stuart it seemed that Donald Trumps surge at the end of september, through september, it seemed that that plateaued, coming down a little bit. But i dont think hillarys going up as much as i thought she would. No and, remember, its all about the news media attention. The names youve heard and by the way, 201 was so close for mr. Obama, they doesnt call that race until november 10th because it was too close between mr. Romney and mr. Obama. Florida is well in play, and mr. Trump absolutely needs it. Hillarys has other ways to get it if she doesnt, but he should win florida with the way the numbers are now. Stuart just tell trump to knock out the weight and women issue, would ya . Hes elevating an individual who does not deserve to be at that position. Youre absolutely right. Stuart fatal mistake, if you ask me. Next case. Where are we now . Were up 125 on the dow. Its friday morning. Stocks are up, nice rally going on there. Our next guest says Hillary Clinton is the most qualified, the most experienced of the candidates. Thats why he supports her and raises money for her. Harley litman is here, again, a fundraiser for Hillary Clinton. Welcome to the program. Thank you. Stuart most experienced and best allaround qualified. Name one single Foreign Policy success while she was secretary of state. Okay, there are a few. So one is she helped usher in democracy in burma. Second, she negotiated the ceasefire in gaza and, third, when she was secretary of state, she ran she went around the world telling countries that they had to impose sanctions on iran. Now, these countries really didnt want to do it, their business interests wanted to trade with iran, and she basically gave them stuart would you say the iran nuke deal was a success for Hillary Clinton . She was not secretary of state when they voted on that stuart she supports it. Is it not a disaster . I am i disagree with the vote supporting the iran treaty. As you know, the first time i was on here, i pointed out that im against that agreement. But what i want to say is when she was secretary of state, she got all these countries to impose sanctions against iran, and that was very tough because she basically said either you want to do business the largest economy in the world, the United States, or do business iran. Stuart so burma, gaza and getting people to sanction iran. Right. Stuart thats her success in the past. But whats more important is the future. Stuart well, if she is the most experienced and best record, russia, the reset. Catastrophic failure. Syria, catastrophic failure. Libya, hardly a success. All right, let me respond to that then. Okay no, im with you. Stuart catastrophic failures. I agree with you. Stuart do you think wait a minute. Do you think americas Foreign Policy has been a success during the years that she was secretary of state and the years afterwards when we were living with what shed donesome do you . Well, heres what i would say stuart you cant. [laughter] you cant say that. No. I will say this though, she foughted with obama. She wanted to have airstrikes in syria. Even now she wants a nofly zone over syria. Also she was one of the people that pushed really aggressively to go after Osama Bin Laden when a lot of his advisors were hesitating on that. And, rember, its the president the United States that sets Foreign Policy, not the secretary of state. Stuart oh, the secretary of state has a lot to say about Foreign Policy. I agree. Since you raised russia and the reset, lets talk about that. So trump is getting close to putin. Are you kidding me . Lets think about that for a minute. He is thats a canard. No, its not a canard. Stuart donald trump has said some nice things about putin as a leader of his country. Hes not getting close to him. He is helping to fulfill putins Foreign Policy which is stuart in what way . Because he said about a baltic republic if they dont pay their dues, we may not protect them. Stuart he was talking about all of nato. Youve got to pay your dues, youve got to start paying up. Thats fair, but a message to russia that they could go in. Stuart thats a canard. No, its not. Theyre aggressive Stuart Donald trump is not on putins side. Really . Stuart he respects him as a leader, thats it. Thats it . No, hes undermining nato. In the last century, 60 Million People died in two world wars stuart are you still raising money for Hillary Clinton . I am. [laughter] stuart even though Hillary Clinton and the nuke deal with iran is an absolute catastrophe. I agree with that. Stuart youre still supporting that . I agree with that. And i have to sometimes with friends be you can respectfully disagree. I disagree with her on that. But on all other issues shes a hawk where obama isnt. And think about this, all these Republican Leaders in Foreign Policy are either supporting hillary or not supporting trump. Brent scowcroft a stuart a raft of people are going to support donald trump. How Many Democrats are supporting trump . Nobody. Stuart okay. Well leave it at that. Okay. Stuart you always have a smile on your face, and we appreciate it. Thank you very much. My pleasure. [laughter] stuart all right. It seems we have a new development to report at amazon. Each and every day. The stock just keeps on going up. 835. 92 as we speak. Nicoles at the new york stock exchange. Whats the story of the day . Reporter well, story is that the stock continues to move to the upside. They are now developing their own shipping, they want to take out fedex and ups and even deliver for other retailers as well. One record after another. We could see another record again today, and theyre grabbing market share. Lets take a look at a longterm chart. Ten years ago, where were you . Maybe you put some money in the s p 500. Well, thats all well and good, right . You gained more than 50 on your money. But, hey, what if you put your money in amazon ten years ago . How about you would have made about 2,500 on your money. So that continues to be a real one as amazon continues to deliver. And last but not least dont forget, just recently jpmorgan put a 1,000 price target on this one. Stuart it reminds me of the days not too long ago when my children said buy apple at 57. I ignored them. I thought itd already had its run. [laughter] nicole, thank you very much, indeed. Next case, a filmmaker who visited stockholms nogo zones. He was assaulted by five islamic thugs. Well give you the full story after this. Remember, Varney Company starts at 9 a. M. Eastern. Heres what you missed last hour. He can be held personally liable automatically if hes found to have engaged in fraud. It automatically attaches. What weve seen thus far in the courts is theyve failed to provide a brightline rule, but what we know for sure is that it does attach when theres intentional misconduct. Usually not with negligence. So here wed have to prove that he knowingly directed or authorized or took some type of meaningful participation in the wrongful act. But right now weve seen him blanketly denying, oh, i didnt know about anything, and its ten steps below me. But if hes criminally charged, it will absolutely attach here. Stuart all right. Weve got news on obamacare, its not good. Look at the health insurers, more are dropping obamacare. Who now . These are the Blue Cross Blue Shield plans, the backbone of obamacare exchanges. Tennessee, nebraska, Blue Cross Blue Shield are leaving the exchanges. They cant make money. In tennessee, remember, insurers got that big rate hike . No longer. If youre stranded by the way, 100,000 people stranded in tennessee, about 20,000 in nebraska. If you dont have insurance, youve still got to pay the mandate stuart its collapsing. Obamacare thats what its doing. Were going to have more in the next hour. Pick it up again. Stuart our next guest has just returned from a trip to europe to see the migrant crisis firsthand for himself. He went to nogo zones in sweden . I didnt think there were such places, but there are. Places where the police do not go. While he was there, he was jumped by five, apparently, islamic thugs. He joins us right now. First of all, i didnt know there was any such thing as a nogo zone in a place like stockholm, sweden. There is . I heard about them. The truth is, i didnt believe they were real. I went there, the Police Officers said when were pursuing a suspect and they cross that threshold, and theres about 30 or 40 of them in sweden, they will not pursue. They will simply not pursue. Stuart there are 30 or 40 nogo zones in swedish towns. Thats correct. Stuart did you say there were guns being used in these zones . About five years ago the Police Officers would say theyd have an incident of gun violence once a month, once every few months, and every day. Its not simply in these enclaves which, by the way, they say are states within states. Swedish law doesnt apply within these places. What they do is theyre now coming out, and its become the rape capital of europe. Stuart youre kidding me . I did you not. Stuart we know nothing about this. Thats my job, stuart, to inform you guys. Stuart okay. You went into one of the nogo zones. Did they know that you were jewish . They did not know. My nose is slightly larger stuart no, no, dont get into that. You walked in with a camera crew, that identified you as an outsider, they jumped you. They gave us a little bit of a warning. My crew, theyre smart, they took off. I tried to explain what i was going to do, and that was it. Stuart they jumped you . Beat you up . Pretty good. Stuart what was the response of the police . They said you can stay here for a month or two, you can go through the system, but its going to end up being pointless. Stuart now, here in america were told, frequently told, that everythings going just fine in europe. We know there are isolated incidents of culture clashes. We know about that. But we did not know that there were 30 or 40 nogo zones in a place like sweden. Whats going on . Why are we not getting the full story . Well, first of all, sweden has done a phenomenal job of trying to cover it up. So, for example, there were a series of Music Festivals in sweden, and there were these gang rapes that went all across these Music Festivals. They specifically tried to hide the attacks themselves, but they couldnt because there were so many victims. It wasnt dissimilar to what happened on new years eve in germany. The government specifically tried to cover it up, and more than that, theyre trying to coffer up the ethnicity of the people making the attacks. Stuart why . Because stuart they know theyve got a problem, and they know they cant do a thing about it. Theyre doubling down. Theyre bringing as many migrants as they possibly can to sweden. Stuart what do the swedes think about this . Theyre not vikings, the vikings are gone. Theyre a sweet people, and if you bring up the ethnicity of any of these attackers, the first thing they say is youre racist to bring it up. Thats the problem youre dealing with. Stuart this is incredible. Im shocked by this. You took video, i take it s and youre organizing it is it a documentary youre making . Its like a short eightminute video. Stuart when youve done it, can we see some of it . I think maybe we can arrange that. [laughter] stuart thank you very much, indeed. Youre a brave man and a good man, and we want to see that video, and you can come back anytime you like. Ah, thanks. Stuart thank you, sir. Hillary clinton says Angela Merkel is her favorite world leader. My take on why that was a mistake coming up at the top of the 11 00 hour. Youll see it. Loretta lynch, attorney general, shes on hillarys unofficial short list for the Supreme Court. What does former attorney hyten ashcroft think about that attorney general John Ashcroft think about that . We will ask him, 11 15, hes on this program. 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. 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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™. Whos your favorite world leader . Oh, let me think. [laughter] one of my favorites is Angela Merkel because i think shes been an extraordinary, strong leader during difficult times in europe which has obvious implications for the rest of the world and particularly our country. And i hope ill have the opportunity to work with her in the future. Stuart well, thats right, Hillary Clintons favorite foreign leader is Angela Merkel. You can bet that nigel farage, mr. Brexit himself, will have something to say about that. He is going to be with us at the top of the hour. Were also talking about something hillary said at the debate thats getting very little play in the mainstream media. Remember this . Lester, i think implicit bias is a problem for everyone, not just police. I think, unfortunately, too many of us in our great country jump to conclusions about each other. Ashley well, she says were all inherently racist. Well, we have someone who says hillary doesnt have the temperament to be president. Also, a congressman asking the wells fargo ceo why he shouldnt be in jail, why he shouldnt be in jail. Listen to this. Your problem is coming. Its not today. You think todays tough . Its coming. When the prosecutors get ahold of you, youre going to have a lot of fun. Be. Ashley well, that congressman will be joining stuart next hour, and you can be sure theres a good chancefireworks will ensue. Plus, attorney hyten ashcroft endorsed donald trump, but first, why the attorney general of texas is suing to keep control of the internet here in the United States. You have the potential of limiting free speech, the potential of losing addresses and your domain name. A whole state could lose their domain name. Congress has the Sole Authority to basically give away property. Theyre in control of property of the u. S. Government. We cant have agencies just transferring property to the government. I literally cannot come up with one good reason why the administration would want to do this. Theres literally nothing. I can think of a lot of reasons why you wouldnt want to do it, but i cant come up with a reason for actually doing it. Stuart Hillary Clinton was asked, whos your favorite world leader . She answered, Angela Merkel, germanys leader. Ill call that a mistake. Angela merkel made a disaster rouse error one year ago without asking her european colleagues, she opened germanys doors to over a million muslim migrants. It was a humanitarian gesture, but it badly backfired. Terrorists came in with the migrants. Violent culture clashes popped up. And Angela Merkel now looks politically doomed. She is not likely to be germanys chancellor that much longer. Back to hillary. She wants a huge increase in the number of migrants coming to america, a 550 increase, to be precise. Hundreds of thousands on to topf the thousands already here. Hillary clintons admiration for Angela Merkel and her association with mass slim migration may turn out to be a political liability. And the banking crisis going on over there now will have to be dealt with by Angela Merkel, another political liability. In a moment, nigel farage, the man who led britain out of merkels europe, the third hour of Varney Company is about to begin. Favorite world leader. [laughter] oh, let me think. No. [laughter] one of my favorites is Angela Merkel because i think shes been an extraordinary, strong leader during difficult times in europe which has obvious implications for the rest of the world, particularly our country. And i hope ill have the opportunity to work with her in the future. Stuart all right. Ill repeat it, Hillary Clintons response asked whos your favorite world leader, she reply germanys cannes hour chancellor, Angela Merkel. Nigel thattage, the man who took britain out of merkels europe. What do you say when you hear Hillary Clinton saying Angela Merkel is the best of all foreign leaders . Its funny, isnt it . I mean, normally in life when you see failure staring you in the face, you reject it and run in the opposite direction, but not dear old hillary who is still stuck back in the 20th century and who simply is incapable of opening her eyes to what merkel did last summer which, by the way, wasnt done just are on behalf of germany, but effectively on behalf of the whole of europe too by saying as many of you as want to come can come. We can manage. And opening up the door to isis and islamic terrorism. I think what merkel did last year will go down as one of the great historical mistakes made by any western democratic leader, and this is the model that Hillary Clinton wants you to vote for on november the 8th. Stuart the other side of the coin, nigel, is that it was on Angela Merkels part, it was a humanitarian gesture. It was. Theres no question about it. I agree with you, it was a platte out mistake in culture flat out mistake in cultural and political terms, but it was a humanitarian gesture, and i think thats why Hillary Clinton agreed with her in doing that. What do you say about the humanitarian side of this coin . Well, i think it was motivated by war guilt. I think that theres still a body of opinion in germany that feels rather shamed what happened ithe 1940s. They try and show theyre magnanimous, but lets just have a think about this humanitarian side. Did you know that now 10,000 people have drowned in the mediterranean in the course of the last two years . Why . Because theyre desperate to get to europe now because the door has been open wide by Angela Merkel and others. And, of course, it also plays directly into the hands of the criminal trafficking gangs. So im not so sure this humanitarian gesture is actually anything other than feeding organized crime and leading to thousands of deaths. And i do get it, i do understand what is happening in syria and in many other parts of the middle east and north africa is truly horrid on a humanitarian level. But surely the best thing to do is to try and help people there where theyre in problems rather than encouraging huge numbers of young men to leave behind the women and children to seek for themselves a better life in the west. This is not working. Stuart now, today as im sure you know, nigel today is the last day that america will have full control over internet oversight. President obama is going to let an International Group take control first thing tomorrow morning, literally tomorrow morning. Lets get the British Understanding of this. What do you make of it . I just think this, i just think the internet despe the fact that it brings trolling and it brings unpleasantness, but i do think the internet is the most liberating, most democratic thing that has probably ever happened in the history of humankind. And that is why regimes like china want to do all they can to control it and to restrict it [laughter] and i just think we have to do everything we can despite the abuses to make sure the internet is as free as possible for all of us to express our thoughts, views and hopes for the future. Stuart you used it well. Nigel farage [laughter] the guy who led britain out of Angela Merkels europe. I think thats your new title. Ill do with that. [laughter] stuart thanks for joining us, nigel. Well see you again. Now, we flashed this at the top of the hour. Amazon hitting a fourth straight alltime high. Its now at 837 a share, thats up another 1 , that would be 8. 39 straight up. And jeff bezos is worth 73 billion right now. Stuart oh, 71 billion . Yep, moving up. Not bad, is it . Stuart ill take the interest on the interest on the interest, thats what ill do. [laughter] oh, trumpets please, high of the day, i do declare stuart our audio guys good. Happy friday. Stuart were at 18,300. The story of the day is, once again, Deutsche Bank. Now, that stock is rally aring 8 . Now, Deutsche Bank is at the very center of what looks like a european banking crisis, and it looks like european banks, Deutsche Bank in particular, are going to get some kind of rescue, help or bailout. Thats why our market is up, thats why Deutsche Bank is up. Joining us now is the market watcher, lenore hawkins, who does a great deal of business in europe managing the money of very wealthy people over there. Now, what do you say about this european banking crisis . Looks like theyll get some kind of rescue, and and thats why everythings up. Your comment, please. I think its going to be very difficult to manage this one. I mean, talk about Angela Merkel having problems like mr. Thattage was discussing, now shes facing Deutsche Bank which is basically the bank of germany potentially going completely belly up. And the challenge there is that no one can really get their arms around whats happening. Its, once again, its the derivatives. So theyve got a bet on, you know, something going belly up like a bond on one side is going to fail, and then on the other side they try to balance that with a derivative of the bond not failing. And the idea is you put two of those together, and they cancel out. But were all of that, all this math that these really smart people are doing, its on the assumption of having a riskfree Interest Rate that makes sense. When you make that Interest Rate negative, nobody know what is the hell any of that means stuart thats true. And weve put banks in the position where you have these large banks are telling clients like mine they dont want their deposits. You havsomebody that wants to put 50 million in, and the bank says only if youre willing for us to charge you. You and i have become the banks. We lend banks money. Stuart yeah. Its a mess, and i want to know who do they bail out after Deutsche Bank . Janet yellen says the fed, our Federal Reserve, could buy stocks and bonds to help the country in some kind of downturn. Now, whether thats right or wrong, im not asking you. Im asking you if they did this in the unlikely event that they did it, would it help the stock market . Oh, it would definitely help the stock market because youve got one more person out there buying. We see every time that yellen or any one of the fed people come out and speak, it affects the markets. There was a time where we looked at the market based on fundamentals, but now its all about what the feds going to buy next. Stuart yes. Lenore hawkins, i think are you in san diego right now . Yes, i am. Stuart yep, okay. In california. Give my best to those good people, theyll vote solidly for hillary. See you soon, got it. Much more ahead for you hour. Former attorney general John Ashcroft, hes one of the 50 former bush appointees who have formally endorsed donald trump for president. Hes on the show next. Plus, during the wells fargo hearing congressman Michael Capuano suggested criminal charges against chief john stumpf. Well talk to him literally later this hour, capuano, not mr. Stumpf. First, ive got so show you this from the ryder cup. Rory mcilroy calls a fan out, he throws well, actually, justin rose chucked a 100 bill and said to the heckler, hey, why dont you try that putt, all right . Watch what happened next. [cheers and applause] approve this message. Id look her right in that fat ugly face of hers. Shes a slob. She ate like a pig. A person whos flat chested is very hard to be a 10. Does she have a good body . No. Does she have a fat [expletive] . Absolutely. Do you treat women with respect . I cant say that either. When you should be enjoying still payour retirement . Me if youve paid off at least 50 of your mortgage and youre 62 or older, a reverse mortgage might be the answer. A governmentbacked reverse mortgage stops your mortgage payments and gives you steady taxfree income. Let the home youve taken care of, take care of you. Turn your equity into a comfortable retirement, all while continuing to live in, and own, your home. Find out how much you could receive for retirement. Lendingtree when banks compete, you win. Stuart we thought wed show you this one. Just started to trade. Without getting technical, it is an Information Technology company. Im not sure what it does, to be perfectly honest with you [laughter] but when its up 81 , well tell you all about it. Its up big in an otherwise upbig market. Look at this, dow is now at a high for the day, 183, higher, 18,327. This is all about the rescue of european banks which looks like its going to happen. Now this a group of 50 former Bush Administration officials recently endorsed donald trump. One of them, former attorney general John Ashcroft who joins us now. Mr. Attorney general, welcome back to the program. Its good to see you, sir. [laughter] well, mr. Varney, its nice to be with you. I enjoy the program. Stuart i cant call you john right out of the yeah, you can. Stuart no, i cant. [laughter] why now . Its kind of late for you guys to be endorsing donald trump. Why now . Well, thats the formal endorsement. Ive been public about my support for donald trump for a long time. And its because i belve that the rule of law is the best friend that liberty ever had. Unfortunately, the Obama Administration with Hillary Rodham clinton being complicit in it has literally devalued the rule of law. You have president ial edicts that amend statutes willynilly like obamacare, amending his own program without the congress, suspending the enforcement of the laws that the people have enacted through the congress on immigration, doing the same in relating to Drug Enforcement and the like. And i believe that we need a president who is committed to the rule of law, and i believe that donald trump is more likely to restore the rule of law. The rule of law restoration, i think, should be one of the front burner issues of our country where people are never too high to be reached by the arm of the law and never too low to be protected by the protection of the law. People shouldnt have to move to live in a safer neighborhood, and we need the law and the rule of law, again, to characterize this nation as its prime protector of liberty. Stuart on this issue of the rule of law, what do you make of this . Loretta that lynch, current loretta lunch, current attorney general, is on an unofficial short list of Hillary Clintons possible Supreme Court nominees. What do you make of that, sir . Well, it appears to me that the we need an attorney general that is committed to the oath to defend the constitution more than to advance the agenda of the president. And unfortunately, all of the devaluation of the rule of law that weve seen whether its not enforcing the will of the people as expressed in statutes regarding immigration or whether its adjusting to suit their own tastes, the obamacare, or whether its not enforcing the drugging laws that the congress has passed, all of those things reflect a disrespect for at least a subordination of the rule of law to the agenda of the president. We need an attorney general and we need Supreme Court justices who honor their pledge to the constitution, their oath to the constitution more than their personal commitment to a political agenda. Stuart im going to raise another totally separate issue here, but im sure, as you know, tomorrow as of tomorrow morning, midnight, one minute past midnight, america gives up full control of internet oversight. It turns it over to kind of a global effort. Weve got four republican attorneys general i suing the administration to try to stop it. Theyre on our screens now. I want your thoughts on this. I mean, can they stop it, and why is president obama giving up control of something thats so wonderful that we created . Why . Well, i cant answer the question. I dont think theres a good reason why. I do know that america has a devotion and a commitment to an evenhanded operation of what is a universal asset. And to make this, which has been our business to conduct very success my and incidentally, it has been conducted very successfully with great integrity, to hand it over to make it somebody elses business or everybodys business, weve all, weve all heard the phrase that everybodys business is nobodys business, and when you have committees running very important functions, you have the same problem you have in the outfield on the bloop fly. Its the old you take it, i got it. Things fall between the cracks. Stuart yeah. This is an important resource for the entirety of the world, for the global economy. And im not a globalist. I believe in individual responsibility. Our nation ahas had responsibility for this has had responsibility for this, and i see no reason to cede it to some sort of international committee, if you will. Stuart dont be such a stranger to the program, mr. Ashcroft. We dont like that. [laughter] we want you back on our air, okay . Thats where we want you. [laughter] it was a pleasure well, if you want me, call me. I always, i always tell my friends call me if you need me, and if you dont need me, call me anyhow, i like being called. [laughter] stuart thank you very much for joining us, sir. My pleasure. Stuart got to give you an update on the deadly train crash in new jersey, a potentially key piece of evidence has been recovered. It is the event recorder. Thats been discovered. Recovered, i shoulsay. That could help investigators find out why the train just barreled through station. It killed that young woman that you see on your screen, and it injured more than 100 others. We also have this obamacare is unraveling. The news today, blue cross dropping out of the exchange next year in two states in louisiana. In particular. First, remember when we were told this . [laughter] we have to pass the bill so that you can find out what is in it. Affordable. Affordable. Theres a reason. Affordable. Affordable. Affordable. Affordable. This woman owns this house, with new cabinets from this shop, with handles designed here, made here, shipped from here, on this plane flown by this pilot, who owns stock in this company, that builds big things and provides benefits to this woman, with new cabinets. They all have insurance crafted personally for them. Not just coverage, craftsmanship. Not just insured. Chubb insured. If you like your doctor, you will be able to keep your doctor, period. If you like your health care plan, you will be able to keep your health care plan, period. Stuart all right. That was seven years ago. As of now, obamacare continues to unravel. The newest blow to the plan, blue cross has announced its dropping out of the exchanges, at least two state exchanges next year. Liz, tell me briefly whats the reason theyre dropping out . Its too costly. So the markets exchanges in nashville, memphis in tennessee, also nebraska entirely, this is Blue Cross Blue Shield, the backbone of the exchanges. So now weve got twothirds of the counties in the United States two or less insurers. So the choice is either you pay the mandate tax or play the high, monopolistic insurance rates being offered by these remaining insurers. Its too costly for them. Even Blue Cross Blue Shield stuart you and i used to call that hobsons choice. We did. Stuart minnesota, arizona, North Carolina young people are not signing up, thats the problem. Stuart all right. Ive got to get this in real fast. Deutsche bank, okay . Theres a report from bloomberg says the bank has agreed to a 5. 4 billion charge from Americas Department of justice. It was originally 14 billion, now according to this report are its 5. 4 billion, and Deutsche Bank has the money to pay the 5. 4 billion. Yep. Stuart so crisis over for now. Long term, another story. But crisis over for now. Thats why Deutsche Bank is up 12 , the stock. And look at the dow industrials, i believe this is the high of the day, up now about, nearly 200 points, 184 points higher, 18,3 on the dow industrials. Bank stocks going straight up. And the german markets are closed on monday stuart good point, good point. Get that settlement in done before the long holiday weekend. Wells fargos see you was on the hot seat on capitol hill yesterday. Congressman mike cap wan know, heres what he said. Hold yourself to accountability, oh, my god, youve been bad. Oh, no, you havent. Thats ridiculous. Your problem is coming. Its not today. You think todays tough . Its coming. When the prosecutors get ahold of you, youre going to have a lot of fun. We ship everything you atcan imagine. N, and everything we ship has something in common. Whether its expedited overnight. Or shipped around the globe,. Its handled by od employees who know that delivering freight. Means delivering promises. Od. Helping the world keep promises. Stuart a strong rally for the dow industrials up 190 points and this is why. Deutsche bank, the bank will accept the 5. 4 billion fine, not pay the 14 billion originally they were going to take off of the meaning Deutsche Bank deck some help, european banking crisis settling down at least for now. European bank stock straight up in large percentage terms, dow industrials up 200 points. What is moving the market . Ashley the germans use some back channels. The french tried it and it never worked. Maybe this time they listen. Stuart i can see the phone call. If you go through with a 14 billion fine you have a european banking crisis and it is your fault. Deutsche bank market value, 16 billion. Stuart help is on the way and Deutsche Bank up 13 . Joining us now massachusetts congressman michael 10, grilled wells fargos chief, came in with strong stuff. Welcome to the program, good to see you again. It has been a while. Stuart far too long, dont be such a stranger. Are you really going after john stumpf . You made a big impact. Do you want him to go to prison . Is that what you want . I want people to be held responsible. In this particular instance you have so many actions. As we were in the middle of the hearing yesterday they got another 24 million fine for defrauding veterans. Stuart you were strong yesterday and it sounded like you want to see him do a perp walk. You do. I want people to be held responsible for their actions. If someone uses a gun they get held responsible. If someone doesnt use a gun they should be held responsible. Stuart id fraud, fraud, that is what you talked about, criminal offenses, you go to prison for years for that. Absolutely. What i want is those issues to be on the table. Im not a prosecutor. I dont know who is guilty of what but my limited lehmans knowledge, those things are all fit. Stuart let me ask about crossselling which is at the heart of the fraud of wells fargo. If i go into a bank and get a checking account, i want them to offer me a credit card. That is crossselling. What wells fargo did was totally wrong, they opened accounts for the account holder knowing about it at i dont see anything wrong with crossselling. Sounded as if you want to abolish it. No more crossselling. That is up to them. I dont mind the concept of crossselling. This was not crossselling, this was doing things without people acknowledge, crossselling is an issue, where the line should be i dont know. The concept. Stuart you have defendant Hillary Clinton on her and Clinton Foundation scandals, the pay for play accusations, i call it life. Everybody i know helps their friends. You were very harsh with john stumpf but you seem to be going very easy on Hillary Clinton and the foundation and conflict of interest. To my knowledge there is no illegal activity suggested. Stuart that is important. They raise good questions but not to my knowledge stuart giving money to the foundation you get a meeting with the secretary of state, that is pay to play. If it is proven one thing was done related to the other i agree with you but there has been no proof of that. There are allegations of it. Stuart a phone call was made and a meeting was arranged. Connect the dots. That is not connect the dots. We do the same thing on a dozen things during this campaign. This if you do this for me i will do that for you. That is illegal and if that is the case, i hope the people pursue it. That has not been proven in this instance that i am aware of. Stuart dont be such a stranger. You are unfriendly turf. Come on. Thank you for appearing, i think he just called me neil. A stranger for too long. I am flattered to be called neil. I am fine with that. To the major story of the day, tomorrow america gives up control of the internight oversight it becomes a global issue, global oversight, not american oversight, john stossel is here, host of the program stossel, staunch libertarian, i am not in favor of this. Why should we give up control of something we created in which we keep fair . Where do you stand . John i dont have a strong opinion, the role of the United States not the control of the internet, domain names, doesnt mean they can shut the thing down because it is not profit controlled by the rest of the world hates us, they think we control everything. We pool back on Something Like that maybe it is a good thing. Stuart is there danger involved . John so you can have a domain that says something. Varney. Stuart this group will decide who gets a domain name. John it is dominated by the west, will be represented and presumably they will do the right thing for the internet. Of the one the interest of the world or something. John why do we have to control everything . Stuart we are fair. John what is bigger . Stuart you are going to love this. Last one. Gary johnson, libertarian candidate for presidency as you know, one of your guys made a mistake, i call it a chronic club in an interview. Lets watch it again. John do we have to . Shimon peres. Talking about living. You got to do this with any continent. Canada, mexico, europe, over there, south america, africa, name a foreign leader you respect . Im having an aleppo moment. Stuart i think that is a classic example of the result of smoking marijuana for decades. You lost your head, dont know where you are, all fuzzed up. What do you say . You favor the legalization of marijuana. John i absolutely do. Keeping it illegal has not stopped gary johnson from using it though he hasnt lately. Stuart the aleppo moment when he couldnt name afford leader he liked, anything john libertarians dont worship politicians, we dont like politicians, we dont think about leaders all the time. It is a tough question. Most viewers, who is your favorite you can come up with it under pressure. Stuart Prime Minister of Great Britain teresa may. John i would pick john key of new zealand. But there are bigger problems. Stuart it is a socialized country in so many respects. Stuart john more free than the us. Stuart organic farm of all things in new zealand. John i hope somebody takes that and sends it to your son. Isnt it pay to play if you have property in massachusetts and you are nice to congress . Stuart i was very nice. John a connection. Stuart i shocked everybody with that. What is on your show tonight . John we will look at what the president ial candidates are not talking about like the debt crisis. The debt bubble will be much bigger and nastier. They dont talk about it. They want to spend more. We know why, because the public is him. Stuart you say the word deficit . Stop saying that. John they dont want to face the ugly truth that it is the biggest thing coming. Stuart few people understand the difference between the deficit and the debt. As soon as you Start Talking about it you lost the audience. My ratings just took a plunge. But you on the other hand. John i will talk about it anyway. We will use pictures to make it in interesting. Of the one what time are you going to be on . John 9 00 tonight. Stuart i am in bed by 7 45. John the country rests. Stuart the show has a friday feel today. Thank you very much. Our next guest says Hillary Clinton does not have the temperament to be president. We have some examples to back up its case. Michelle obama campaigning hard for Hillary Clinton, this time around, wait, remember when she said this back in 2008 . One of the important aspects of this race irole modeling what good families should look like. In my view, if you cant run your own house, you certainly cant run the white house. Cant do it. E pursuit of health. It begins from the second were born. Because, healthier doesnt happen all by itself. It needs to be earned every day. Using wellness to keep away illness. And believing a single life can be made better by millions of others. As a Health Services and Innovation Company optum powers modern healthcare by connecting every part of it. So while the world keeps searching for healthier were here to make healthier happen. Nicole i am nicole pedallides with your foxbusiness brief, the move to the upside we are seeing, the dow is up 163 points at 18,307, the s p is up 15 and the nasdaq, the moves we are seeing putting stocks in positive territory for the week, they started to the down side, looking at the top winners on the dow, walmart, procter gamble, energy investors, financials across the board, this is the broadbased rally. Amazon hitting a lifetime high again, lifetime high 7 of the last 8 trading days at 8 38, jpmorgan has 1000 price target and a new ipo soaring 80 in its debut, you see the stock up 80 . Keep it here on varney, foxbusiness starts at 5 00 am and i will see you then. Gotta h to fedex. Theyve helped make our ecommerce so easy, and now were getting all kinds of new customers. I know. Can you believe were getting orders from canada, ireland. This ones going to new zealand. New zealand . Psst. Ah, false alarm. Hey you guys are gonna scare away the deer idiots. Providing Global Access for small business. Fedex. You can put half of trumps supporters into what i call the basket of deplorables, racist, sexist, homophobic, the enough of it, islamohphobic, you name it. Stuart Hillary Clintons infamous deplorables comments calling tens of millions of americans dena phobic racists. National reviews murdock is here, good to see you again. Donald trump is usually assumed to have a temperament unsuited to the presidency but you say Hillary Clinton has an unsuitable temperament. We need to make a distinction between style and temperament. Hillary clinton has been in public life since 1976 when bill clinton ran for attorney general of arkansas. She can get to a podium and often look very elegant and carries herself okay, temperament goes deeper, to the character, personality, there are aspects of her that disqualify her. We saw that little piece of tape, she told contempt for tens of millions of americans, she said during the debate that there is implicit bias not just the police, we are all racists. And amazing comment if you want to be the ultimate employee for all of us. Stuart that is not file, that is temperament. T what inside her, not what is on the surface and that counts, secondly, very abusive with her coworkers. A book called first family detail, a very interesting anecdote, Uniformed Secret Service member says good morning and she replies to the Uniformed Secret Service officer f off and there are numerous examples of her treating, abusing her workers at the white house when she was first lady, walked down the hall and people that dont make eye contact, some people hid behind curtains when she went by, this represents a sense of selfimportance and superiority that are very dangerous. Stuart you could make the case you need that in a president. Self confidence but not so much so, you use profanity to people who are ready to take bullets for you. Stuart i want to show you this brief piece of tape. Im sure our viewers have seen it before but you will see it again, this is Hillary Clinton, lots of underlying temperament, but style, role tape. Why arent i 50 points ahead, you might ask. The choice for working families has never been clearer. I need your help to get Donald Trumps record out to everybody. Stuart an example of style, not good rather unhinged. A good example compared to two things, style and temperament, the ceremony where four americans were killed in benghazi the caskets returned, she looked poised, then she went to patricia smith, the mother of sean smith, one of the People Killed and said we are going to get these people who did this videotape and killed your son. To look at the grieving mother crying over her dead son with his casket over there and why is was an al qaeda terrorist attack shows the ice in her soul in the ability to lie under the most in appropriate circumstances. That disqualifies her on the basis of temperament for president of the United States. Of the one more tape, this is a line from Michelle Obama. Role that tape. One of the important aspects of this race is role modeling what good families should look like. In my view, if you cant run your own house you certainly cant run the white house. Cant do it. Stuart that was 2000 a. Listen to first lady Michelle Obama this week campaigning for Hillary Clinton. Role tape. The president cannot just lash out irrationally. We need a grownup in the white house. Stuart that was a change of mind about the temperament of Hillary Clinton if ever i saw one. Michelle is focused on something very important. A general election coming up. She is looking at the future november 8th. A lot of the never trump people are relitigating primaries and worried about march and april. I dont want to see Hillary Clinton in the white house, the focus should be what can we do to help donald trump to feed Hillary Clinton and not worry what he said or did in New Hampshire or iowa. Stuart the never trump people if hillary wins the election. They could have been the catalyst for her defeat, they will have to think about that a lot. Stuart thanks for joining us, appreciate it. Hurricane matthew getting stronger. Now a category 3. When we went on the air it was category 2, now it is 3, in the caribbean, 500 miles southeast of jamaica. There is a chance it could come straight at florida. That is just a chance, keeping and i on it. Check the big board, still close to the high of the day, 170 points hire, positive news from Deutsche Bank, reportedly with americas justice department, will not be for 14 billion but 5. 4 billion, making it manageable, european banks getting some help and that is why they are all up and so is the dow. Back in a moment. Stuart it is of rally, we are up 170 points. Why is this going along . Deutsche bank is a popular destination. The fine it is going to have stuart italian banks need help. As you decca out earlier, german banks are closed. You want to get settled. Ashley the markets have done it. Dont want to go away without looking at amazon. That is extraordinary, up another 9. This time last week it was 789, it hit 800. It was this week, 789. 838, the dollars, and the percentage gain liz jeff bezos had 70 billion net worth. Stuart hold on a second. Poll numbers coming from gallup, who won the first president ial debate . You have the numbers. Ashley hillary 61 , 27 for donald trump that as i mentioned when you talk about this, 7 of the last 9 winners of the first debate in the president ial race went on to lose so dont read much into this, two more debates to go. Stuart florida 4642 in a four way split and that paul was after the debate, four point lead for Hillary Clinton, not much of a bump for hillary because she clearly did when according to Public Opinion the first debate. Ashley mister trump is down 4 , dont you think . Stuart please leave women in we look at costco. A federal jury, costco should pay 5 million for selling fake tiffany diamond engagement rings. I did not buy one. Tiffany could get punitive damages in this case. Nonetheless it is up 4 . The new credit card deal as opposed to American Express. That is why it is up. We will be back, rest assured. More to come, back in a moment. Stuart how about this . Chicago tribune endorsed . Liz gary johnson and william weld. Theyre socially tolerant. Fiscally responsible. Good for people fed up with Hillary Clinton donald trump. Stuart i think that is good news for Hillary Clinton not donald trump. Earlier this hour congressman Michael Capuano joined us. He seemed to confuse me with neil cavuto. Nice to see you, neil. Stuart thank you very much for appearing. Thank you very much. Got it. Yes, sir. Stuart i think he just called me neil. I dont want to comment on this. There he is. Now, you seem to be very wellknown in socialist circles, neil. Neil well, thank you, neil, i appreciate that very, very much. [laughter] what part mystified you . Capuano saying that . Stuart yeah. Neil had he not been he would have said stuart. Stuart i know he is frequent guest on your program. Evidently he just confused fox Business People just like that. Easily done. Neil my favorite moment, i dont want to bore you too much, one time i went just to see what occupy wall street gathering was like down at wall street. It was dusk. There were people there thinking i was sean hannity. I kid you not. Theyre cursing at me and saying hosch things. So i curse back at them. Next day people saying sean hannity. Stuart good one, neil. Neil no, that was Stuart Varney all yours. Neil all right. Grant. Im not going to let him get away with that. Neil