Points, too. The nasdaq, 2. 7 from its high. It will open today again, on the upside maybe 30 points. New trade figures suggest chinas hurting badly from the trade fight and weekend disturbances in hong kong suggests xi jinping still has a problem in his backyard. All of that suggests President Trump has a strong hand to play in the china trade fight. Quick look at Interest Rates. Another positive for stocks, maybe. The yield on treasuries no longer inverted and rates have at least for now stopped their plunge. Look at that. The tenyear almost at 1. 60. Troubling developments for the vaping business. The cdc now reports five deaths related to vaping, and its recommending that people stop doing it while they investigate the safety. Heres the question. Regardless of what you put into a vaping device, does the act of putting any vapor into your lungs cause harm . Big deal for the vaping business. Weve got news on at t, news on apple, amazon is hiring big, and what would you do if you woke up with an extra 120,000 in your bank account . We cover it all. Varney company about to begin. Theres no question theres a considerable slowdown in the World Economy both in china and in europe, but as you look at the u. S. , we continue to be the bright spot of growth. I just came from the g7 with the president a few weeks ago and thats what everybody was talking about. I dont see in any way the u. S. Recession. Stuart that was pretty clearcut. Treasury secretary on this network in the last hour. The threat of recession is out of the way. Therefore, are we going to hit new highs on the stock market . Weve got a couple market watchers to assess that question. Keith fitz gerald and jack hough. Do we get to new highs and if so, when . Keith first. I think by later this week, certainly mid next week at the latest. These things tend to become selffulfilling prove si ining. The market wants higher prices. Stuart whats the big push making us go higher . I think its going to be a lack of headlines. Its not going to be an overt push that comes at us. Its going to be what doesnt come at us, in my opinion, because thats going to install confidence, give traders the ability to put in new money and last weeks rally was a good one. Stuart jack, do we get to new highs in the immediate future . Do we get to new highs and when . Yes, and soon. Stocks are still quite a good deal relative to bonds. All you need, you dont need perfection in the backdrop. You just need signs that were not heading into recession. We see those signs now. Manufacturing is weak but services are strong. Corporate america looks okay. I dont see recession in the near future. I think stocks move up from here. Stuart its fascinating to see the reversal of sentiment because just a couple of weeks ago, recession was the talk of the day. China trade dispute, talk of the day. Any headline came across the transom, down we went. Now, plain sailing towards new highs. What you are describing is a market for stocks where people lose their minds in the short term every week, but people who hang on for the long term make money and thats the market we have seen for quite some time. Stuart keith, did any of your clients, did anybody panic . Sell out and regret it . No. Fortunately not. Thats a marked change because in years past, my phones would have been ringing off the hook, what do we do, what do we do. This week everybody is calling and say what do we buy, this looks great, im glad we stayed in. All the sentiment you just voiced was very reassuring and confidenceboosting. Stuart what brings us down . What can you see on the horizon that might bring us down on the market . What do you think . I think theres going to be another tweet related to china because its right about that sort of 10 to 14day period where they will launch something and say we will do x and you will do y. There will be something out of china that will surface. Dont pay much attention to it. Thats how they play ball. Stay with the companies and the economy that matters. Thats ours. Stuart we shall do exactly that. Thanks very much for joining us. This might be a black eye potentially for apple ahead of the big i think its going to be an iphone reveal tomorrow. The Company Along with the manufacturing partner, its partner, reportedly broke a Chinese Labor law to build this new iphone. What did they do wrong . Lauren they hired too many temporary or dispatch workers, about 50 , the number is supposed to be around 10 . The china labor watch group is the one who told us about this. They said something that i found interesting. They said apple is transferring the cost from the trade war through the suppliers to the workers. So they are saying they are hiring too many dispatch or temporary workers and not paying them enough and they are working in harsh working conditions to build the new phone that we are all expected to go out and buy because its going to change our lives starting tomorrow. Stuart it was a complaint but wont affect the stock. Lauren its up today. Stuart okay. Lets get to the vaping story. Five vapingrelated deaths. The cdc and the state of new york issuing warnings on those vaping products. Dr. Marc siegel is with us. Seems to me that no matter what substance you put in the vaping device, it goes into your lungs. Vapor goes into your lungs. We dont know at this point whether how dangerous that is. Thats very well said by you. 450 people across 33 states have reportedly gotten very very sick, and putting oil in your lungs, heated oil in your lungs, is not what your lungs are supposed to be seeing. Stuart theres got to be some form of residue. Exactly. Which is why the centers for Disease Control are saying stop vaping, period. But the fda is saying, this is interesting, that they think its related to Cannabis Oils in marijuana, thc type products and the fda is saying stay away from that. The state of wisconsin looked into this and found 89 of the people with problems are with those cannabis type oils and new york state thinks its vitamin e thats literally vitamin e in the cannabis product you are vaping in your lungs and vitamin e is an irritant to the lungs. They havent proven that yet. They are like Sherlock Holmes zooming in on it. Were not there yet. But vaping is clearly something we have to look at more closely and over time, vaping can damage your lungs no matter what, but not as much as cigarettes do. Stuart thats interesting. It can damage your lungs but its not as dangerous as smoking tobacco in the normal cigarette fashion. Right. Stuart what do we do . Stuart, the problem is, when you start vaping when you are a teen, guess what you end up doing a lot of the time . Smoking cigarettes. Nicotine is so highly addictive. We have to clamp down on teens getting access to ecigarettes. I know you hate regulations, but stuart im with you on this. Its illegal for people under the age of 18 to be using ecigarettes in every state in the union, illegal. Dick durbin is saying get rid of the fda unless the fda clamps down on this and starts to heighten regulations and restricting access to teens. One out of three twelfth graders is now vaping. Stuart bottom line, as we speak, the vaping industry is taking a hit. And a deserved one. Stuart okay. All right. Doctor, thank you very much indeed. I think at t may be the stock of the day. The Investor GroupElliott Management says they bought a stake in the stock and said make a few changes at at t and it could be at 60 bucks a share by the end of 2021. Its at 38 now. Thats premarket. Jack, end of 2021, 60 bucks a share for at t . What do you think . Thats ambitious but i do think the stock is headed well higher. We have it on the list of stocks for impatient value investors, in other words, cheap stocks that latelyly sta started to ri you dont want to wait forever for your stocks to start working. A yield of over 5 , the cash flow is very strong, supporting the dividend well. Not everything is perfect about the business. The phone business is strong, the tv business is not strong but they have some fixes they will put in place there. I think investors will collect a big dividend. Stuart i bought a little of it in the low 30s because i like the dividend payment. As investors become more confident about that dividend the stock will rise. Stuart look, we have the president just trump is tweeting about this at t stuff. Here we go. Great news that an activist investor is now involved with at t, as the owner of very low ratings at cnn, perhaps they will now put a stop to all the fake news emanating from its noncredible anchors. Also, i hear that because of its bad ratings, it is losing a fortune. Most importantly, cnn is bad for the usa. Their International Division spews bad information, fake news all over the globe. This is why foreign leaders are always asking me why does the media hate the u. S. So much. It is a fraudulent shame and all comes from the top. All right. Having said that, mr. President , lets go back to keith. Would you buy at t . You know, im with jack. I think this is a very interesting stock. The only question i have, stuart, is whether or not growing this stock means stripping the business. If its getting rid of some of the tv stuff, where they got a lo lot of competition, fine. If its going to digital and they grow it, thats a bet i think seriously about taking. Stuart i dont know what changes Elliott Management might make to cnn. Exactly. Stuart exactly. I wish the president would tell us how he really feels on that twitter feed. I have trouble reading between the lines there. Stuart all right. Gentlemen, thank you very much indeed. Check futures monday morning. Here we go. Real close to alltime highs. We will be going up at the opening bell this morning. 60 for the dow, 10 for the s p, maybe 20, 25 for the nasdaq. All the top democrat contenders, ten of them, will be onstage for this weeks debate thursday night. We will see senator warren against Vice President biden for the first time in the same place on the stage, the debate stage. Warren, by the way, has momentum. Joe biden does not. More protests in hong kong. Many of the protesters carried, look at that, American Flags. The pressure is clearly on president xi. Look whos coming up in our next hour. Hall of fame running back emmitt smith. Hes going to tell you how you can work out with him at the super bowl. Varney company just Getting Started on a monday morning. Every curve, every innovation, every feeling. A product of mastery. Lease the 2019 es 350 for 379 a month for 36 months. Experience amazing at your lexus dealer. But how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. But allstate actually helps you drive safely. With drivewise. It lets you know when you go too fast. And brake too hard. With feedback to help you drive safer. Giving you the power to actually lower your cost. Unfortunately, it cant do anything about that. Now that you know the truth. Are you in good hands . Stuart yes, we know that china trade talks are scheduled for the beginning of next month. As of now, though, we are seeing signs that chinas economy is losing quite a lot of steam. Elizabeth macdonald is back on the show. Liz forgot my name. Stuart there are so many elizabeths in this world at this moment. What have you got for us . Liz unexpectedly, chinas exports dropped dramatically, 16 year over year in august, versus a 6 drop in july. Global exports from china to the rest of the world, down 3 while taiwan, israel, the european union, the pacific rim, are exporting things like more advanced technology into the u. S. So the word on the street is that china likely will do something again, weaken its currency. Heres the problem with that. Its consumers get hurt when you weaken its currency. They have less powerful currency to buy things. So they are in a really really really tough spot right now. Also, using satellite imagery, china is not likely growing 6 annually, probably half of that. Stuart ouch. We have trouble right there. So if we were to say look, china is hurting because of the trade dispute, and for other reasons, we also say in hong kong the protests flared up again and we saw a lot of American Flags in the crowd over the weekend. That seems to be two factors putting xi jinping, chinas leader, in a corner. Curtis ellis, former trade and jobs adviser to the trump campaign, is with us now. Looks like he is increasingly in a corner which my judgment says gives President Trump more leverage. Yeah. Xi jinping is under pressure from all sides. Remember, before he was president for life, his portfolio included hong kong. If hes taking personal blame inside the politburo for the mess that is hong kong, hes supposed to be an expert on hong kong. How did he misplay this . As liz was saying, the economy is in terrible shape in china. In addition, pork prices going up 10 in ten days. They are rationing pork in the cities in china. Half of the hog herd in china has been killed by this disease, african swine fever. Thats why theyre not buying soybeans from the United States. They got no animals to feed them to. The consumer inflation in china is running out of control. On basic things like food. Youve got the economy slowing down. Hes under tremendous pressure and nonperforming loans in chinese banks are going up so its very weak. Stuart its a bad situation economically. The trouble in hong kong rolls on. Add it all together, do you think we will get any kind of trade deal with xi jinping before the election . Any kind of deal at all . Very very slight chance. We have to remember stuart that means xi jinping is digging himself into his corner. Oh, yes. Stuart it will get worse from here. He will want a deal. He needs a deal. Hes now debating do i try to wait trump out, can i wait 16 months. We have to remember, this is not about trade. This is about do we want a nation of laws and freedom. This is an china presents an existential threat to our way of life. Stuart from our point of view, from a financial point of view, we want to know if any kind of trade deal coming down the pike and you think it is very unlikely, any kind of deal . I dont have a crystal ball but i tell you what, from a financial point of view, we cannot have the second largest economy in the world violating all the rules of the game. Stuart fair point. Fair point. You make a good case. Elliott, thanks curtis, thanks very much for joining us. Curtis ellis. Sorry. Elliott management is taking a piece of at t. Liz theres a lot of news in your head. Stuart futures up 60 for the dow, 25 for the nasdaq. Now look at amazon. They are hiring in six major metropolitan areas. You will hear about it first here, next. The world is built for you. 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Liberty mutual customizesyou your Car Insurance, hmm. Exactly. So you only pay for what you need. Nice. But, uh. Whats up with your. Partner . Not again. Limu thats your reflection. Only pay for what you need. Liberty, liberty, liberty, liberty here, hello starts with hi mple. How can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone [ camera clicking ] wifi up there . Ahhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your xfinity store today. Stuart this just coming to us. Ups has announced they are hiring, wait for it, 100,000 people for the holiday season. The stock is up. I dont think its related to that. Maybe its a sign they expect Good Business in the holidays. Ups stock up 1. 60. Now take a look at amazon. They have a major hiring announcement this morning. 30,000 permanent jobs in six cities. Joining us first on fox business, amazon executive ardine williams. Welcome to the program. Would you tell us first of all, confirm these are 30,000 permanent jobs and please tell us where they are going to be located. Good morning. Thanks for having me. These are 30,000 permanent roles across the United States, and we believe that we have a role for just about everyone. Amazons very proud to have created more than 300,000 fulltime jobs in the u. S. In the last decade, more than any other u. S. Based company. We like to fill at least 30,000 jobs as quickly as we can. Stuart may i ask if all of these 30,000 jobs that are permanent, do they carry benefits as well . 15 an hour minimum, is that it . Absolutely. 15 minimum wage across the company and the fulltime roles come with robust benefits, the same egalitarian benefits that i have are the same that our Fulfillment Center workers do, that includes up to 20 weeks of innovative parental leave program. Stuart are you hiring Seasonal Workers for the holidays as well . We are, but that isnt what this announcement is today. We will begin seasonal hiring. We are focused today on the career days for those 30,000 roles. The career days will be held in cities across the United States, six of them to be specific, and its an opportunity for candidates to come in, learn more about what its like to work at amazon, explore the different openings, work on their resume, perhaps work with a recruiter on their interview skills, then decide which role they would like to apply for. Stuart its a tight labor market. Do you expect any trouble hiring those 30,000 . You