What, what have we got here, 8. Revenue up, ad sales up, profits up, and there are now 2. 45 billion active monthly users. It was a spectacular report. Stocks up. These two stocks are helping the market but a statement from china has put a damper on things. Beijing says its doubtful that a longterm trade deal can be reached. China concerned about the impulsive nature of President Trump. Where did they get that from . The dow industrials down about 50 at the opening bell. S p down six, a fractional loss for the nasdaq. Then theres politics. Namely, the vote in the house this morning, starting the impeachment process. This has consumed the congress. It has not consumed the market. It seems to be ignoring d. C. Entirely. We will follow it and pay special attention to votes of moderate democrats from trum trumpleaning districts. Will they approve removing the president from office because of a phone call to ukraine . Cant wait to see. Stay right there. Varney company is about to begin. The Washington Nationals are world champions for the first time stuart keep the video rolling while i talk over top of it. The Washington Nationals won the world series last night, they beat the astros game seven. They were down 20 after six innings but stormed back to win the game by a score of 62. The first time in 95 years that d. C. Has had a world series champion. Ill say nothing ashley it wasnt a home game, either. Never won at home. Stuart im not going to mention the booing of the president by Washington Nationals fans. Im not even going to mention that. Ashley you just did. Stuart i was rooting for the astros but there you go. Lets move on. China im going to call it pouring cold water on the longterm trade deal. That is hurting the market this morning. Come in, market watcher gary kaltbaum. Look, lets put the china news on one side for a moment because we keep hearing the same thing. Seems to me that this is a goldilocks market, goldilocks economy. Profits up, economy expanding, fed doing what we want them to do. Looks like its poised to go up, right . Oh, i dont like the word goldilocks. Whenever i use that, it means the markets going lower. Let me say the market is acting fine, broadening out, and one thing thats happening right now thats not getting enough talk is our central banker jay powell, who talks tough, is printing 60 billion a month right now and markets have loved quantitative easing for the past 10, 11 years. I think thats doing the trick, plus around the globe easier money. I was reading this morning japan says they are going to go even lower in rates even though they already have negative rates. I think the markets in good stead into the end of the year, and then we will worry about next year when that time comes. Stuart talk about the juggernaut otherwise known as apple. Yeah, theyve got a rosy forecast for the holidays. I think thats whats really helping the stock this morning. Plus services and wearables doing real well. Its at 247 premarket. Would you buy it at 247 . I wouldnt. I think you will see some pullbacks but lets be clear. Couple of things. Number one, its no longer the great growth stock it used to be. But thats because they already do 250 billion in sales. But they are growing services and wearables and all this other stuff while the iphones been heading down, just because everybody has one. For me, though, the bigger story is the 5g next year and whether apple will sell a ton of phones when that switch starts to come, and i think the answer is yes. So yeah, i think the story continues. I got to add one other thing. I was in new york city last week and about 11 30 p. M. I was walking past the apple store on fifth avenue which is open 24 hours. At 11 30 p. M. , the place was packed. I think that tells you a lot about whats going on with apple and this great ecosystem that they have created, and good on of course steve jobs and i think tim cook, who is no steve jobs, has done an admirable job. The stock is going to do fine. Stuart youre right. That place is jampacked any hour, any day. It really is an amazing piece of retailing. Thanks for joining us. See you again real soon. Lets take a look at facebook, which im going to call a teflon stock. Despite the threat of regulation somewhere down the road, this is a company which is just going straight up. A stock thats going straight up. Jim anderson, the social flow guy, is with us now. I think i can call that a teflon stock, cant i . Evidence would certainly seem to support that. The numbers just get crazy. Huge numbers. But the thing that struck me, 94 of their revenue was from mobile devices. You just talked about apple. 94 from a company that was late to mobile. Stuart thats interesting. 94 of what facebook brings in the money from these things. That thing. 17 billion or so. It came from that device. Its your attention on that device is whats driving facebook. Stuart i know you dont analyze the market and stock prices, but it seems this looks like a very positive outlook, barring immediate action on antitrust, for example. Thats way down the road. I think it has to be way down the road. Its a real issue and five years from now we may look back and talk about that but for now, they have figured out how to capture your attention. Theyve got a new ad format called story which sounds like aesops fable but its a whole new monetization. That 94 represents the power of story. Stuart i want to talk about twitter. They have banned all political advertising. I want to bring in Grady Trimble because youve got reaction to this, the banning of paid political advertising. Reaction to it, please . Theres mixed reaction, i would say. Twitter says they are doing this to stop the spread of disinformation. We will get to a tweet from Hillary Clinton first. She says this is the right thing to do for democracy in america and all over the world. What say you, facebook . Brad parscale, Campaign Manager for President Trump, takes a different view. He says twitter bans political ads, yet another attempt by the left to silence trump and conservatives. Wouldnt be surprised if twitter lifted the ban after 2020. Facebook has gotten a lot of criticism lately for allowing political ads, including all types of free speech. Thats kind of the approach they have been taking, whereas twitter says its banning all political ads except very specific ones that encourage voter registration. Stuart . Stuart thank you very much indeed. I notice the stock actually is down this morning premarket. Its dropped below 30 a share. Jim anderson still with me. So whats going on here . Is it an attempt to have a go at conservatives or have a go at zuckerberg . I think its a shot at facebook, not conservatives. If twitter wanted to silence President Trump they are doing a pretty poor job of it. The president has been all over twitter. Twitter needs to differentiate themselves from facebook. I dont know whether this is right or wrong. Do you ban political advertising, do you factcheck . You will get criticized no matter what you do. Twitter aspires to be more than facebook light. I think there are legitimate arguments to be made. We will say how it plays out. Stuart you raise an interesting question which i havent thought of. If they ban paid political ads, that doesnt mean they ban President Trump from his twitter feed. No. It does not. One could argue its actually to his advantage because hes got however many tens of millions of followers, he can tweet out as often as he wants to. He doesnt have to pay for the reach. Stuart suppose i receive a paid political ad, it comes to my inbox, wherever that is. In your feed. Stuart in my feed. Okay. Then i want to send that ad on via twitter share it. Stuart want to share it. Can i do that . Not anymore. Not after november 22nd. They are going to ban paid political ads but the organic posts, President Trumps tweet, if you want to share that if it isnt paid, you can still do that. Stuart got it. Thank you very much indeed. Starbucks, when i say they are doing well in china, they are doing real well in china. I think their sales in china are up 5 , was it . The iced coffee product doing particularly well. Starbucks going very nicely this morning, up 3 . 87 a share. A rosy forecast from dunkin brands, still the best coffee on the market, in my opinion. Up 2 at 75 a share. Lyft, another rosy forecast there. Whats the stock price . Up at 46. That is up 4 . However, blue apron sales down, and the stock is down 3 . All right. Lets check the overall market for a moment. Its thursday morning. We open the market in 20 minutes. The dow will be down about 50. S p down about six. The nasdaq down a fraction, just about four points. Then we have the house is going to vote on a resolution formalizing the impeachment inquiry. Can the democrats get the numbers . I will certainly ask that question. Secretary of state mike pompeo called out china in a big speech last night. I was there. He called beijings policies hostile to western interests. We will show you exactly what he had to say later this hour. Tobacco company altria has cut the value of its juul stake by 4. 5 billion because of the crackdown on vaping. Weve got the story. Apples wearable gadgets, thats what i will call them, like the apple watch, for example, doing well for them, but are they really helpful to your health . Im asking doc siegel that later this hour. He hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade there are things we would change about work. And there are things we wouldnt. When work is worth it. Work is worth it. Work can be closer to home. Pay more. Make us proud. Careerbuilder. Work can work. Find your work at careerbuilder. Com stuart want to see a stock thats sliding this morning . Look at wayfair, a Furniture Online seller. Its down 15 . They took a big loss in the third quarter. The stock is down bigtime. Im going to show you live pictures from hong kong. A lot of people on the streets, peaceful at this moment. That is actual Hong Kong Island there, the central district, i believe. Over in the peninsula, tear gas . Ashley yes, police are firing tear gas to break up demonstrators, apparently all dressed in black, wearing antigovernment, antiestablishment masks but they are mixing in they say with Halloween Costumes as well which made it very difficult for police. Stuart we have to say whatever crackdown beijing has had so far, its not been responded to by fewer people on the street. Ashley no. Lauren carrie lam said at an event last night that quote, frankly, there is no room for optimism. Where do you go from here . They are in a recession, the first one in a decade, and the worry is its going to get a lot worse. A lot worse than stuart they are out on the streets again. Thursday night in hong kong. This is not a weekend night. Ashley halloween night. Stuart from hong kong, to capitol hill. A couple of hours from now, there will be a procedural vote on impeachment. Come in, congressman dan muso, republican from pennsylvania. Do you think the democrats are going to get the votes they need . I would imagine Speaker Pelosi wouldnt allow a vote unless she knew she was going to win it. Is it that cleancut . They are bringing their only hope of defeating President Trump next year to the floor for a vote today. Yeah, youre right, this is actually a scary day in more ways than one, right . I mean, we have a vote taking place to remove a president from office. Weve had proceedings with no due process, no transparency. Weve really created a very toxic environment. The one person who was on the call, president zelensky, who said there was no pressure, no quid pro quo, should have been the star witness here, is completely ignored and you know, this scary thought, what if zelensky decided he wanted to take down the american president and decided to lie and say you know what, there actually was pressure, that the media would ask for his head, the national media, and the house would be impeaching with fervor. Stuart i think we must pay very close attention to how these moderate democrats vote. They come from districts which went for mr. Trump in 2016. Jeff van drew, kendra horn, oklahoma, joe cunningham, South Carolina, anthony brendisi, new york. They all won traditional gop districts. You have to watch how they vote today. Well, absolutely. This resolution that they are actually voting on offers real no changes. It calls for adam schiff to have one open hearing. Does not allow the president s counsel to be in the room. Theres no transparency. Its just a continuation of whats already occurred and truly allows adam schiff, i mean, of all people, someone who knows who the whistleblower was, someone who is known for not telling the truth, gets to serve as prosecutor and jury. This thing is a sham. Lets face it, we now have a pretty good idea of who the whistleblower is and is anybody surprised that hes a former obama staffer, that he worked at the cia, that hes known to have worked with joe biden . Theres no surprise here. If this was a lifetime movie it would be less predictable. Stuart congressman, we will be following this real closely in the 11 00 hour. I know you will be, too. Thanks, sir. Appreciate it. Check out the market which is completely ignoring this impeachment imbroglio. Weve got the dow opening down maybe 40, s p down a fraction, same with the nasdaq. The winds have died down a little in california, just a little, but the wildfires are still burning in parts of the state. In a moment, we will take you to a winery in the northern part of the country that was destroyed in those flames. Well be right back. Stuart with the fires still burning in california, its worth looking at pg es stock. That is the utility which is getting all of the blame and most of the liability for the fires in california. Its dropped 90 , the stock, that is, since last october. Its down a bit more today, below six bucks a share. A dozen fires still burning in california. I want to bring in susan li, because youre in Sonoma County. Show me the winery that was destroyed. Susan yeah. So here we are in Sonoma County in this Early Morning here and take a look at the devastation. This is part of the large kincade fire that swept across 76,000 acres, forcing thousands to evacuate. Now, this structure stood here a week ago but as you see, its now burnt down to the ground and parts of this were built 150 years ago. This morning i can tell you that we can still smell the thick smoke and also, you can taste it in the air as well, although firefighters tell us that over half of this large kincade fire is now under control, thousands have been able to get back to their homes but they are coming back to limited power and of course, devastation as well. You know, we know that napa Sonoma County wine and tourism is a big part of the livelihoods here. 40,000 jobs tied to this industry, 4 billion in the local economy, and they are still trying to recover from the 2017 devastation where we saw that massive fire that tragically claimed the lives of over 40 people. They are still trying to reel back from that. Add the 2019 fire on top of it and people are very concerned about their jobs, first of all, and also getting the local economy back up and running and having people come back to napa and Sonoma County. Just one point for you, stu. In terms of insurance claims, it looks like insurers paid 11. 5 billion in 2017. This time around it looks like the costs might go above that level. Dont forget, half of the kincade fire is still burning and raging just a few miles away from here. Back to you. Stuart thanks very much indeed. I do know that area quite well. It was beautiful and you hate to see it charred like that from a fire. Susan li, we will be back to you later. Thanks very much. Check futures. How do we open . The word is down slightly. Got some china news and thats pulling the market down a bit. Well be right back. We trust usaa more than any other company out there. They give us excellent customer service, every time. Our 18 year old was in an accident. Usaa took care of her car rental, and getting her car towed. All i had to take care of was making sure that my daughter was ok. 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With value like this, there are zero reasons to invest anywhere else. Fidelity. Stuart here we have it, a china tweet from the president. Lets see if it affects the market. I will read it to you. China and the usa are working on selecting a new site for signing of phase one of trade agreement. About 60 of total deal. After apec in chile was canceled due to unrelated circumstances. The new location will be announced soon. President xi and President Trump will do signing. I would think thats a positive for the market. That last line. Ashley that, too, but 60 , thats more than i thought phase one was. You know, 60 is pretty good. Its more than hal