Cuts. More than Million People have benefited directly. Heres the key point. Theres more to come. 2. 8trillion parked overseas. A lot of it will come back here. Business is coming through. Today the market opens well above the 26,000 level, flat to ever so slightly higher expected for the dow but no big selloff, despite the explosive runup this year. Investors are not worried about a possible government shut down. My opinion if shut down the government to protect Illegal Immigrants, theyre going to get the blame. Varney company is about to begin. Stuart President Trump tweeting about apples big move. Here it is. I promise that my policies would allow Companies Like apple to bring massive amounts of money back to the United States. Great to see apple follow through as a result of tax cuts. Huge win for American Workers and the usa. Given the details, what are they doing . Ashley theyre going to bring back 352 billion in cash and invest 350 billion over the next five years. Government build a new domestic headquarters, theyre going to create more than 20,000 jobs, theyve also given their employees 2,500 bonus in restricted stock, and thats almost all employees around the world, which counts about 120,000 employees. So all in all, not bad business for the u. S. Stuart but they dont have to bring all of the 350 billion back. Ashley but theyre going to pay 15. 5 . Before this went through, theyre saving about 38, 39 billion in taxes. Thats enabling them of bringing it back because theyre paying a onetime fee. Stuart and thats 38 billion that goes to the United States treasury. Ashley correct. Liz and they can also deduct the stock grant theyre giving employees on their tax returns. Ashley everyone wins. Stuart big deal. Everybody wins. Ashley i might bring back my 20 pounds in the british bank. Poster child for what American Companies hope for from the tax bill. The repatriation of apples money is sort of setting the standard for other Companies Going to do in response to this bill. This is huge. Stuart now, wait a second. The other big Tech Companies. Microsoft, in particular, theyve got a ton of cash. They all do. Liz 143 billion. Stuart theyre going to bring it back. Certainly going to get taxed on it. Are they going to do going to do the same thing . I think they all will. Because they dont know if this is going to last forever. They have been borrowing. Apple has been borrowing against their overseas holdings to fund things like dividends and Capital Spending here. But i think honestly the bigger story that has not been addressed, and i think has to become apparent over the next year or two is that American Companies and International Companies want to invest in the United States, and they have been prevented from doing so because of our dysfunctional tax system. You know, i mean, democrats write off america as a manufacturing place, as a leader in production. We are not. We have so many advantages and this has been the reason up until now. Stuart i think you should write an oped for the New York Times. That will be the day. Stuart also with us in new york to my immediate left, scott martin. Lets bring him in right now. Apple giving a stock, a stock grant to employees. Not an option, a grant. Do you think thats better than the check . Well, given how the performance of the stock has been, yeah. Can you believe a better place to put your money than the tech stocks we talk about every day . I think this is a New York Times year. Stuart it is. Im guessing theyre saying apple to your point brings back 74 of their cash. Apple stiffing america and 6 of the cash. Thats the thing youre going to hear, liz. The fact that somehow, some of the Mainstream Media is still finding a way to make this bad news. I was reading about it last night. Its incredible. They make it sound like its a slightly a bit of a scam, you know . Windfall. Ashley apple is going to spend a ton of money anyway so really only invest 38 billion over five years. Stuart heres the New York Times. Front page. Apple after tax cut windfall will bring billions back to the u. S. First sentence. Apple, which have long deferred paying taxes on its foreign earnings and have become synonymous with hoarding money overseas unveil plans on wednesday that will bring back the vast majority of the 252 billion in cash. Liz and 20,000 jobs is nothing to sneeze at. Even president obama admitted after his 800 billion stimulus plan that there were not that did not create shovelready jobs immediately. So this is companies now stepping in; right . Stuart and more. Liz havent seen that in eight years. Stuart and theres more to come. Im convinced theres more to come. How are we going to open this market 24 minutes away . Were going to be flat to slightly higher. Im going to call it dead flat. But, look, scott were in the middle of earnings. Were just starting earnings season. And on this program, weve forecast that profits will go up 14 now compared to a year ago. You in line with that . I think it may be too low. I mean, i think you start factoring these tax cuts, stuart. I think you start factoring the fact that look at some of the data thats coming in on q4. We had a Great Holiday shopping season. Great Consumer Spending confidence. 14 could be low. And lets talk about the s p. Everybody says, oh, my gosh, the s p is overvalued. Its really not. If you look at it historically, foreign earnings ratios, which may be a buzzworthy thing. But still, lets talk about how much earnings are worth in the future. The value of those earnings growing at that 14 plus rate, puts the s p, in my opinion, 3200 by the end of the year. Stuart youre saying going to go to 3,200 by the end of the year . Yeah. Stuart thats up 14, 15 from where its right now . Ashley its at 2800 right now. S p. Stuart you say its going to go to 32. Liz youre talking about Earnings Growth of 15 , you know, overall. If that matches in the dow, youre talking dow nearing 30,000 by the end of the year. I dont want to sound all rainbows and sunshine but with the doubledigit Earnings Growth projection, you have to start look at what the dow is going to be going forward. S p earnings in the first quarter, my favorite economists are saying up 20 . Not just because of the tax cuts but also the weak dollar. Thats a very big thing to the American Companies, translating foreign earnings back into the bottom line. I think you could see big surprises in the first quarte q. Stuart heres what im picking up. The market still has a ways to go this year. And profits are going to be up big time. Am i okay with that . I think so. Stuart okay. Lets move on. Politics. Possible government shut down tomorrow night at midnight. If they do shut down, do you think theres going to be any impact on the stock market or on the president s growth agenda . Well, look, we had a huge run yesterday and thats when the shut down looked even more imminent than it had been before. People have gone back and looked at the prior impacts of the shutdowns, and it has had no impact on the economy or the stock market. So i dont think its going to be a big deal unless, of course, it lasts for a extended period of time. Stuart the impact is not on the market, not on the economy, its on politics. Yeah. And i think so and goes to could be big. Stuart who gets the blame. Yeah. Stuart my position is if the democrats could get the blame, if they shut down the government on behalf of Illegal Immigrants, i think they get the blame for that. I do because they know that theres a compromise out there. And they have walked away from a compromise. And i think thats the telling thing. The white house has made it clear they want the dreamers to be protected. Americans want this to happen. So it should happen. Stuart hold on. Hold on. Wait for it. Wait for it. Weve got breaking news, and its about amazon. Ashley and their muchtouted headquarters 2. Where are they going to locat l. Stuart where . Ashley theyve narrowed it down from 238. Theyve got 238 proposals. They are now down to 20. Here we go very quickly. Atlanta, austin, boston, chicago, columnist, ohio, dallas, denver, indianapolis, l. A. Miami, montgomery county, maryland, nashville, tennessee, newark, jeff is still in the running. New york city, northern virginia, philadelphia, pittsburgh, rally, north carolina, toronto, the one loan canadian city in there and washington, d. C. Stuart you know what theyre doing . They are saying okay, you 20 what i havent have you got . Stuart what else have you got for me . Up the ante. Give me more. Liz newark was going to give them 2 billion. Ashley 5 billion. Ashley oh, the city. Liz 5 billion total in jersey. Its going to be 100 by the time they narrow it down to two or three. Ashley 50,000 highpaying jobs. Thats a lot of enticement right there. Thats a lot of thank you. Stuart more banks reporting profits this morning. Morgan stanley, bbt, bank of new york, i see five of them on the screen. Three of them are up. Two of them are down. None of them by much. Except for Morgan Stanley. Theyve got a nice Earnings Report and theyre up 1. 56 . Got it. Look at alcoa. Oh, dear they are down this morning. They kicked off he didnt season yesterday. Not a good report. They lost money again. More than expected. That stock is down nearly 7 this morning. Thats alcoa. Now this. President trump releasing his fake news dont you love it . The top two do have a financial theme. Number one was paul kruge man. He predicted on Election Night that the markets will never recover after election won. Oh, dear. Abc brian ross false reports on the russia investigation. That sent the markets into a tailspin. In other words, fake news has a direct economic impact. You might want to check your wallet too. Counterfeit cash spotted in 11 states. What gives the funny money away . How do you spot it . Well, well tell you. I promise well tell you. And President Trumps chief of staff john kelly says mexicos government will not directly pay for the wall. President trumps already tweeting about that one. Well see what hes saying next. Stuart ibm has been doing very well recently and in premarket trading has hit 170 a share. They report their full results after the close of trading today. Remember, theyve got a block chain hookup. Theyre doing well. Dont forget ge, we had breakup buzz this week. Theyre at 17. 39 a share this morning. Virtually flat. Actually, up 3 cents. White house chief of staff john kelly says mexico would not pay for President Trumps proposed wall directly. Roll tape. Mexicos not going to pay. We have some ideas on how things like visa fees renegotiation on nafta and what that would mean to our economy. So in one way or another, its possible that we could get the revenue from mexico but not directly from their governmen g. Stuart okay. Heres what President Trump tweeted about the wall just very recently. The wall will be paid for directly or indirectly or through longer term reimbursement by mexico, which has a ridiculous 71 billiondollar trade surplus with the u. S. The 21 billiondollar wall is peanuts compared to what mexico makes from the u. S. Nafta is a bad joke. Congressman louie is with us now. Congressman, i sense a little softening on the wall whether its paid for indirectly and whether or not its an actual structure that runs along the entire border. You happy with that . I dont really care how its paid for directly or indirectly. But, you know, the president suffers from a great advantage that ive had most of my life and its low expectations. It amazes me how people constantly underestimate the president and are left in shock. But from the out house to the white house or, in other words, from msnbc to fox. [laughter] people are constantly shocked that that the president came out ahead and was able to accomplish what he said he was going to do. So i still hes made a believer out of me. I think were going to see mexico pay. It may be indirectly, but its going to be to mexicos advantage to have a wall anywhere we need it. We cut off the tens of billions of dollars going through the drug cartels. Stuart you just and the corruption and that allows mexico to become a top ten economy. Thats a good neighbor. Stuart now, you just gave out that you want a wall whatsoever its being built. So youre not pushing a wall the entire border. We dont need 2100 miles, no. Stuart you would be comfortable with that. As long as we get it where we need it. But like big ben national park, you dont need a wall through big been. Stuart but its a compromise. Exactly. Stuart are you prepared to compromise on the issue of dreamers staying . I mean, where is the compromise here . I never wavered on that, stuart. The answer is that lets get the border secure, and then we can work out about the people that are here illegally. But until the border is secure, even if we put it in the same bill, then some kind of legalization and secure border, were back to 1986. Well get the amnesty, and we wont get the border security, and well have to keep doing this on a regular basis until there are too many people that dont understand how you preserve a republic as franklin said, you know, if we can keep it, well, we wont keep it if we do that. Stuart last question. Would you accept a compromise, which you built the wall or a structure, whatever you want to call it, end chain migration, end the lottery system, give more money to the military. In return, you allow a chunk of the dreamers to stay. Now, thats a compromise where you have to give and the democrats have to give. But would you accept it . Its the same thing we did in 86, and we cant be that insane to keep doing the same thing expecting a difficult result. Lets secure the border, and then well work things out about those that are here. Thats the way it really needs to be, stuart,. Stuart all right, louie. Theres just no way around it. Stuart we hear you. Its like the way it needs to be. Stuart and as always, thank you for being on the show. Youre a favorite guest. Thank you. Stuart thank you, sir. Check those futures. Now its dead flat to slightly lower for the dow industrials. Yeah, were off just two points at the opening bell, which is 11 minutes away. The ratings are in last weekends nfl games. 23million fewer viewers tuned in this year compared to last year. That is a 16 drop. Big drop. More varney after this shes nationally recognized for her compassion and care. He spent decades fighting to give families a second chance. But to help others, they first had to protect themselves. I have afib. Even for a nurse, its complicated. And it puts me at higher risk of stroke. That would be devastating. I had to learn all i could to help protect myself. Once i got the facts, my doctor and i chose xarelto®. Xarelto®. To help keep me protected. Oncedaily xarelto®, a latestgeneration blood thinner. Significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. It has similar effectiveness to warfarin. Xarelto® works differently. Warfarin interferes with at least 6 bloodclotting factors. Xarelto® is selective, targeting just one critical factor interacting with less of your bodys natural bloodclotting function. 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Stuart whoa. A ratings nose dive for the nfl. How much were the divisional playoffs down . Ashley well, year over year from last year, down 23 Million Viewers across the playoffs. Thats down about 16 . Also hitting a tenyear low. Now, the saints, vikings game was a great game. Amazing finish. That pulled in 6. 5 Million Viewers compare that to the packers, back at 48 million. Of course, the cowboys, packers had the biggest fan base in the nfl. But they are most definitely down across the board. Not only in the playoffs but in the regular season as well. That trend seems to continue in the playoffs. Why . Stuart why . Ashley its politics. Its politics. Stuart you think its politics . Ashley its politics. Stuart really . Ashley yeah,. Stuart no other reasons involved at all . Well, i think the play of the game is worse this year. You look at it versus the college games, which are actually doing pretty well, just the game play is not as good. And full disclosure, i am a fan of the future nfc Championship Team the vikings. Im not sure theyre going to beat the jaguars in the super bowl in a couple of weeks because the jaguars are going to beat the patriots. But a lot of these smallmarket teams that are left in the playoffs are not rating. Stuart what are you smoking . The vikings are going to win the nfc. Stuart man said hes going to win the premier league. All right. Moving on. Moving on. Talk about walking away from something. A 24year low for Movie Theater attendance. That was what . 2017, i guess. Why . Liz worse in a generation. I think sequel fatigue. I think people are tired of seeing sequels upon sequels upon sequels and the streaming at home is offering fresh, new content that you just ge