Promote diplomacy and the solution to problems. The question though that all of us face, not just me sh,me, our citizens face, not just political leaders, is at what point do we say we need to confront actions that are violating our common humanity. And i would argue that when i see 400 children subjected to g gas, over 1400 innocent civilians dying senselessly, in an environment in which you already have tens of thousands dying, and we have the opportunity to take some action that is meaningful, even if it doesnt solve the entire problem, may at least mitigate this particular problem, then the moral thing to do is not to stand by and do nothing. But its difficult. This is the part of my job that i find most challenging every single day. I would much rather spend my time talking about how every three and fouryearold gets a good education than i would spending time thinking about how can i prevent three and fouryearolds from being subjected to chemical weapons and nerve gas. Unfortunately, thats sometimes the decisions that im confronted with as president of the United States. And frankly, as president of the United States, i cant afford those questions because as much as much as we are criticized, when bad stuff happens around the world, the first question is, what is the United States going to do about it. Thats true on every issue. Its true in libya, its true in rwanda, its true in sierra leone. Its now true in syria. And thats part of the deal. What was the second question . I think we have great opportunities. I think theres a good chance for fredrik to talk about our shared views here because we have, i think, a joint belief that developed countries have to make progress, but we have to have an International Frame work to address where the increases and emissions are now occurri occurring. Okay, well, i think its been a very interesting developing development up in copenhagen. And we were both present in copenhagen and said that the u. S. Had the highest emissions in the world and that china was catching up. Now only youve been listening to president Obama Holding a News Conference in stockholm, sweden. He was asked directly by an american reporter would he act on syria without congressional approval. He gave a very long answer. He started out by saying, he did not set the red line. That was set by the World Community right after world war i. He said, my credibility is not on the line. It is the credibility of congress thats on the line. Thats what he said. He went on to say he did not actually answer the question what happens if its a no vote in congress. He did not directly answer that question. He said, i believe congress will act and will approve action. Thats what he just said. All right. Liz macdonald is with me as we move toward the opening of the market this morning. By the way, the prison of price of oil down 18 a barrel as we speak and the stock market, the dow futures indicate a loss of maybe 20 points at the opening bell. I think youve got some market history. Yes. Stuart about the delay before any action, go. If theyre talking about a 90day debate over what is in the nations interest in terms of the strike on syria, weve seen in the past the Market Reaction to the threat of u. S. Actions in libya, the sudan and serbia, in iraq. The market tend to go down anywhere from 3 to 5 over that period according to s p data and creft has been studying it. If theres action, the market rallies, this is over look at history. Stuart theyre looking at situations were facing now, an attack, yes or no in syria. Down what was it. Anywhere from 3 to a little more than 5 , for the s p 500. Stuart as you build up to attack, the delay period the market goes down. Thats right. Stuart when the bombs fly, the market rallies and comes back again . Correct. Fully recovers in an average of two weeks time. Stuart 9 26 eastern and small change, were going to open this market in about three and a half minutes. Now, clearly, your money is wrapped up in syria. Attack, yes or no. That is the question and thats really dictating Market Action so far today. Good morning, everyone, as we open up Varney Company. Every headline about syria, every statement from congressmen, senators, world leaders, president obama brings a need financial reaction. Today is going to be called a great divide. Congress split. Democrats, republicans split. The public overwhelmingly saying no to attack and the administration begging for a go ahead. And the markets are watching, a trend down for stocks thus far this morning. The dow probably going to open 25, 26 points lower and the price of oil, now, that is lower. Look at this, weve got it down 1. 11, 107 a barrel as we speak and gold is selling off. Were down 18 per ounce as we speak. Matt welsh is with me, hes a libertarian. The libertarians are very much a part of this debate and you exercise considerable power within the republican party. Am i to believe libertarians are universally opposed totally to any form of attack on syria . Libertarians in congress right now, yes, amosh, rand paul, leading the congressional fight against this, against the wish of house leadership it should be said, john boehner and cantor have come out in favor. And libertarians say first of all, you need a constitutional system and they pushed the president into changing his mind on that. Secondly to say, what is the objective here, who elected us global cop, the sole jury, judge and executioner of what over International Norms we choose to defend at any given time. They have a lot of questions about that and that the actions that we have taken, especially in the last 12 years, have not gone as the enthusiasts like john mccain look, i think youve just wrapped up Public Opinion. I think Public Opinion is very strongly on your side for all of the points that you just raised, but i do believe that you have significant not you, but the libertarians have significant power within the republican parties these days, a great deal more influence and power than a year ago, three years ago. Yeah, its a growing block. It didnt exist before the Tea Party Election and rand powell, and 2012 a lot of new congressmen like Thomas Massey in kentucky. You cannot in the 21st century have bipartisan thats so at variance of Public Opinion. Weve got the internet and libertarians say were on the side of the American People on this one and that voice is going to be heard and persuading people on the fence, maybe even people like marco rubio, otherwise pretty hawkish, hes listening to Public Opinion and calculating 2016 and is undecided. Stuart sorry to cut it short, but the president was speaking at length there in stockholm, sweden, not surprising. Thank you for your opinion and appreciate your being with us. Seconds to the opening bell. Come in scott shell. A dy joining us from chicago, i say im prepared toer had a your point of view. I say its all syria. Thats the mover of the market. I agree with you. Im not sure whats going to happen. I can guarantee one thing, its going to be messy. I think if the guys on wall street are looking if we have a negative downward movement because of syria, its probably the last buying opportunity before the end of the year. And still good buying if the market sells off because of syria. Stuart we hear you. The market is now opened this wednesday morning and were expecting a drop of about 20, 25 points in the very early going. Yeah, the opening trend is down. Okay, weve just heard from the president. Thats going to be a factor on the market today. He has said he believes that congress will give approval for an attack. He didnt say what he would do if theres no approval. He said i believe congress will say yes. All right, move on. Look at the price of gold. Thats down this morning. Were off 19 an ounce and that puts us back below 1400 per ounce. A quick check of oil. Remember, please, weve got the inventory number coming up at 11 00 eastern because of the shortened weekend. But right now, weve got oil down 1. 27. Liz, i want you to repeat, because i think its very important, this history of Market Action as you run up to a possibility of aattack overseas. Thats right, again, according to s p 500 data and tkref. It looked at this. When theres a terrorist attack, the nations, financial collapse, libya, serbia, iraq, the market will decline during a period of uncertainty of an attack, it doesnt know whats going to happen. Down turn from 3 to 5 . Theres no question, youve got uncertainty in the marketplace, uncertainty whether or not congress will say, yes, go ahead and attack. Uncertainty on what the president will do if congress says, no, dont attack. We simply dont know whats going to happen. Thats right, stuart, and the president indicated as much when i said there will be a debate over the accuracy about our information on the Chemical Attacks in syria. So, if were talking a 90 day debate which is some in d. C. Are projecting, then you will see the rocky motion and action in the markets right now. Take a look at the big board again, this is the opening of the market on a wednesday morning when the president is speaking about a potential attack on syria. Congress is debating it in washington d. C. And we do not know whats going to happen in the future. Right now, were down just nine points. Oil is down significantly, gold is down a lot. Okay. And here we are this wednesday morning, ive got another headline for you. And it is on this well, hold on a second, ive got individual stocks. Linked in. First of all, theyre raising a billion dollars by selling more shares, so, nicole come in. Whats the stock doing . Right, raising a billion dollars. We do see the stock on the down side. And William Blair has the form on the company saying it takes advantage of the share prices and falling back. You know that lincoln has been an outstanding performer, up over 100 this year. Thanks, nicole. I want to get straight to a headline that im going to bring to you on the subject of oil and the headline actually comes from michael kay. A former advisor to the u. K. Ministry of defense and michael is here with us in new york today. Michael, you say, good morning, when the bombs fly, the price of oil goes down, straight down hard, right . Well, if we look at empirical evidence, stuart, the price of oil slumped in 2003 when the u. S. Made the very contentious decision to go into iraq. If you look at may 11 when gaddafi was toppled and by 10 . There isnt necessarily a definitive correlation of all prices surging whenever theres a contentious Foreign Policy. We have to look at history, really, to get a feel for what youre saying, what liz wi was telling us, buildup to any attack the markets goes down. Bombs start to fly and stocks recover. The equivalent in oil is that the market pushed the price of oil up in the runup to attack and youre saying, again, empirical evidence, oil comes down when the bombs start to fly . I think all the other things weve got to remember about this, 35 of all of the oil that is provided globally comes from the middle east. There is a slight difference with syria in that syria isnt a massive exporter of oil and thats obviously going to have an impact on what the oil futures do. And as well, stuart, whenever we have contentious Foreign Policy, whether it be Foreign Policy or Monetary Policy we see increased volatility in the markets and weve seen that with the notion of energy strikes and the market didnt take it favorably. The markets recovers when David Cameron was overruled by parliament. And then down 30 when boehner expressed his support for the Foreign Affairs committee on this resolution. Stuart so were all watching every single statement, every single headline, were reading between the lines of president obama and maybe putin as well, and the congressional democrats, congressional republicans, every headline has potential to move the market. How about iran react in the state of hormuz, in the event that the u. S. Does strike syria . I think that global lines of communication are key. If you look at egypt and the global lines of communications there, if you look at union iran and the straits of hormuz, i think it will have an impact on the emerging markets. Rupe is down, since april and an exporter of oil, thats going to suffer the most on increased oil prices. If you look at the link between what the stock market is doing and western economies in terms of growth. We know theres been pa disconnect in terms of stock market highs and sluggish growth. According to u. S. Gdp growth up 2. 5 and manufacturing indexes across the u. S. , u. K. And china all up at the moment. If we look longterm, i think there are significant underlying data and trends to support Economic Growth to override what might come. Weve been showing you the price of a fourth stock all the way through the interrogatory view because ford reported it up. And the market likes that. And 1658 as we speak, a gain of 1 1 2 . Do check apple, please, its above 500, a buy rating from cantor fitzgerald. Apple is expected to unveil the latest version of the iphone next week. 498 as of right now. Apparently, i keep using that word, but this is the case, more groceries and brand name products driving product at the discounter Dollar General. Up 20 this year. And another 3 today. Then we have the discount airline, ryanair disappointing outlook there. It blames the weak economy in europe and a weak found sterling. This is the modern bus service, nicole, how bad are the stocks performing . Nicole its up 14 and a lot of people look at ryanair as an indicator and often called things early. You have the ceo saying he has no doubt that the market will be weaker than the industry is expecting over the next couple of months. So, theyre trying to have some aggressive pricing, trying to get ahead with this, but the demand has been down, as you noted, the sterling has hurt their numbers and overall, not good news. Its at that i canning down some of the airline and other travel type. Stuart nicole, thank you very much indeed. I want to give everybody the big picture. Were down 30 points on the dow, 148 and small change. Oil down, gold down. Now, nokia, is that deal with microsoft good or microsoft . Oh, everybodys got to remember, please, i own some microsoft stock. Market watcher shah galani is with us, youre buying microsoft . Buying today. A particularly wonderful point. Its in between the 52week high and the lows and we like it here 31 and change. Stuart hold on a second. When we announced the deal, it was announced, microsoft is buying 7 billion worth of nokias patents and the device business. That deal was universally panned, desperation, said the pundits, but you say, no, its a good deal . I think its a great deal. Regardless what the price is theyre paying, theyre paying in cash. Thats not going to affect the balance sheet. Its an opportunity to leapfrog into where theyve been lagging. Yes, i think collectively together, including Management Changes this is going to portend for microsoft, its a great development. I see it as very positive. Stuart you think that microsoft can get big in mobile by acquiring nokia, which virtually has no position in mobile. Dont forget that nokia was a leader in smart phones. It was. And it came down and apple was a leader and came down and revived. And ibm was a leader and came down and revived. And the microsoft and the nokia platform on microsoft sort wear, on its phones, i think its going to be terrific. I think the next, three, five years, probably 10, 15 of the market and growing. Stuart thats music to my ears, i must say. Thanks for coming by, shah galani. Before you go, ive got to ask you about tesla, which do you like better the cars or the stock . I like the cars, the limited models ive seen all over the place. Stuart you see them on the street . I do. Stuart you live in florida. And out in the hamptons and see several out there and also in miami. Theyre beautiful cars. Love the cars, hate the stock. I wouldnt buy i think theres a shorting opportunity for it, its close to its alltime highs. The trajectory of the stock fright iffens frightens me. Another one of those stocks that have been shorted repeatedly. And some of the big stories that have been the shorted stocks. Stuart squeezed. Higher and higher. Stuart that was true of nokia. True of herbalife, netflix and tesla, too. Stuart youre a contrarian these days. Here and there. My purpose it to make money. Stuart now youre talking. Shah galani, thank you indeed. The big picture, check the dig board opening with a 20 point loss. There you have it, gold down, oil down, the president speaks in stockholm. Weve had 3d printers on Varney Company before, but after this break we have one unlike any other in the industry all part of our 3d printing coverage. announcer scottrade knows our clients trade and invest their own way. With scottrades smart text, i can quickly understand my charts, and spend more time trading. Their quick trade bar lets my account follow me online so i can react in realtime. Plus, my local scottrade office is there to help. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer scottrade. Voted best Investment Services company. If youve got it, you know how hard it can be to breathe and man, you know how that feels. Copd includes emphysema and chronic bronchitis. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. You know, spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems p