Mcconnell wants the tax cut to be revenue neutral and dont add to the debt. That would surely slow down the effort. And now to the farce, the Clinton Campaign manager believes the election was rigged by russian meddling and wants to overturn the vote and undermine trumps presidency. Trump himself, well, three top jobs filled today and hes off on another leg of his thank you tour. Varney company is about to begin. Well, im going to call it the trump cando cabinet and its coming together. Rick perry will need the energy department. Rex tillersons the secretary of states job. The announcement with a typical tweets. Ive chosen one of the truly great Business Leaders of the world, Rex Tillerson, exxonmobil to be secretary of state. The president elect added his third Goldman Sachs executive to the administration. Goldmans president gary cone, the economic council. Well have this shortly. The dow will have another higher opening. Closer to 20,000. Oil, a nice pop yesterday, up 53 a barrel. Thats not deterred, i should say, stock investors. How about gas . 2. 21, the average is going up two straight weeks. The lowest price of the year, by the way was 1. 69 in february, were what, about 59 cents above where we were back in february. All right. Thats that side of the markets. Move on to market watcher steve cortez, hes with us this morning. What do you think, steve . Well, you know, wait a minute, dow 20,000 today . Right. Stuart what do you mean, right . Tuesday for 20. Listen, ill tell you what, theres palpable optimism out there in the world, in the economy. I think its directly attributable to donald trump, and if he keeps naming people like the two texans who he named this morning like Rex Tillerson and rick perry and naming them to leadership positions and this economy is going to take off and 20,000 will not just be attainable well be looking at that in the rear view mirror behind us. Stuart fullfledged bull. Thats where steve cortez is, youre a trump guy, bullish bullish bullish. Where do you put the money now. Youve had the explosive 1500 point rally for the dow. Now where do you put it . If youre getting in now, where do you go . Thats an interesting and valid point. And optimistic as i am about Economic Growth, i dont think you necessarily want to be piling money in at new highs, thats not the time to be pushing lots of chips in because there will be pullbacks inevitably. Stuart dick bove, the only analyst who ever appears on this program told us yesterday the bank stocks have already gone way up and he says theyre going way up more. I agree, i agree on banks and small caps, the two places i want to look the reason i like banks, the first time in forever were seeing Interest Rates move. Since the trump election, Interest Rates have spiked. Thats a good thing right now. Not always good thing historically. Stuart banks are special case. Get rid of doddfrank, rates go up, less regulation and bank looks great. Even though the banks have done well lately theyre nowhere near where they were precrisis back in 2007. Theres upside there and other place i look is small caps. Small cap stocks have been outperforming big time. The russell 2000, versus the s p 500, and the reason, i believe, is that trump is going to be wonderful at last for main street. Hes not necessarily going to cater to the globalist scene. Instead take care of main street growth. Thats a chart and a half. And we should have seen that one a year ago. How do you feel about donald trump, and puts out a tweet, just a simple tweet, hes critical of the Lockheed Martin fighter, the cost there of. Down come all the defense stocks. How do you feel about the president elect who can move the entire industry sector with one tweet . Sure, i wouldnt like it obviously, if i owned Lockheed Martin. I think that defense stocks are doing fine under this president , well spend and build our military quite substantially. But the important point, what hes telling the taxpayer is i have your back. What weve had in washington d. C. For decades not just under this administration what weve had for a quarter century, multinational corporations did just about whatever they want. They used k street incredibly effectively to get what they want from the taxpayer and i think what donald trump is saying, k street, youve been put on notice, main street is what i care about and the taxpayer is not going to get fleeced, whether its a defense contractor or any other multinational corporation. Stuart 30 seconkdconds left. Do you think well ever get not ever get, but first half of next year, 22,000 . I think we are going to get there. Stuart next six months . Regulatory reform and stacks reform. Stuart you stay there, well never forget that you said 22,000 the First Six Months of 2017. Yes, sir. Stuart the virtues of video. Right, right. Stuart were still on trump tower watch this morning. We call it white house north, why not . President elect trump will hold that meeting with tech leaders, now, thats tomorrow. The tech leaders. Ashley, theres one person in particular who is going to stand out for that meeting. Ashley we mentioned this yesterday. How about jeff best bezos, you talk about awkward. He went toe to toe with donald trump on the campaign and donald trump, of course, saying that jeff bezos bought the Washington Post all because it was a tax dodge and accused the Washington Post as being a vehicle to knock him throughout this campaign. Theres no love lost at all between these two people and again, you know, theres going to be another fly on the wall moment. Stuart ive never seen a quality newspaper take such a rabidly antitrump or antianybody stance. Ashley oh, yeah. Stuart as bezos. Ashley relentless with the headlines. Stuart i want to be a fly on the wall when bezos goes to the president elect. Liz maybe plant cortez in there. Ashley hide behind the plant . Ill try. Stuart behind that curtain. Im going to be there this afternoon and ill report back if i can. Stuart yes, you better do this. Look at this headline from the wall street journal from the opinion section. An Electoral College coup, talks about the Clinton Campaign and suggesting that the election was rigged. Campaign chair john podesta backing a special intelligence briefing for 530 Electoral College electors, just a week before they cast their ballots for the presidency. Sirius xm host david webb is with us now. Stuart i make no bones about it, and you say political farce . You say . Political farce. They were critical of donald trump, he said ill accept the results if theyre valid. John podesta has definitive ties to russia through the senate lobby and registration and look it up on the senate website. There are representatives of spare bank civ, a commercial investment bank, who also is tied to the uranium one deal, 60,000 fee that was paid to the Podesta Group to represent that part of that deal. Stuart podesta has russian banking ties . Burn bank civ. Senate. Gov, look up the registration. Anyone who lobbies the senate has to be registered. While they accuse trump ties to russia, the Podesta Group is in business with a russian group. Im not saying theres necessarily anything wrong, doing their job, but the accusation points out the farce. Stuart the russian angle is going to be big in the tillerson hearings and the Electoral College. Its a bogeyman argument. Theyve lost the election, and lost in a landslide in the Electoral College and argue the popular vote, jill stein is a farce, she should return the money to the people she took it from, frankly i say she stole it. Stuart they gave it to her. They willingly gave her money, youre a bunch of stupid people. And you know why, im in a happy mood because the markets better, the Consumer Confidence that feeling that american spirit, that animal spirit, is rising. Im talking to businessmen, Restaurant Owners they say theyve got a shot now. Come on now, america, the feeling that its america is what drives us to take chances and achieve. Stuart stay there, ive got more for you. More from you. And i dont want to poor cold water on this, but winter arrived early for a large part of the country, the polar vortex is back, frigid temperatures in the northwest. And frigid in is coming to the northeast. And those are temperatures, not wind chill. Thats very important. Video from new brunswick, canada, a moose falls through the ice into a freezing river. Three emergency workers, they use axes, hacking through the ice and eventually freed the moose, almost ready to go, freed him, and he goes back to dry land. Eventually he gets out. Thanks to those workers, thats pretty good. Oh. Back to politics, Mitch Mcconnell the top of the senate is concerned that trumps plan will add to the debt. Will it slow down. Most americans will be able to file using a post card system, its fair, its what the American People are starved for. Apple may be invest in the fund in softbank in saud rib. Softbank pledged some to create job. Look at this, ab inbev selling some beer brands, i believe east european beer brands. And anheuser stock is up. Theres a fight brewing among republicans over president elect trumps plan to cut taxes. Watch this. I think this level of National Debt is dangerous and unacceptable. My preference on tax reform is it be revenue neutral to the government. Stuart revenue neutral, revenue neutral. Got to remember that. With us now wisconsin governor republican shaun duffy, when you say revenue neutral, that looks like pushback from the Establishment Republicans who are going after mr. Trumps tax cutting plan. What say you . Well, i dont know that its necessarily pushback, but this is the house and senate that is going to exert itself and say listen well be part of this conversation on tax reform. We in the house have been advocating for tax reform for a very long time and president obama wouldnt join us in the effort. Its going to slow it down. No way around it, if you want to be revenue neutral youve got to cut out all kinds of deductions and maybe reduce the tax cut and tax cutting rates. It certainly slows it down, doesnt it . Well, first of all, i think you have to look at it statically or dynamically, what kind of growth do we get from tax reform. Under barack obama weve seen, you know, one at best 2 growth. With the Regulatory Reform thats going to come from the Trump Administration in conjunction with tax reform, the growth that were going to get thats going to bring more money into the federal coffers, i think has to be analyzed as we reduce our tax code. Stuart no question. But you know whats happening here. I mean, there are so many people who are saying, its the Establishment Republicans dragging their feet all over again, we were promised a tax cut, we voted for trump, we want a tax cut and now theyre holding it up because its got to be revenue neutral. You know, thats what theyre saying. But, stuart, youre reading too much into that. We are 20 trillion in debt. We have to recognize that, and so what we have to do is, implement policies that are going to grow the economy and bring more revenue into the federal coffers and tax reform is going to do that for us. I dont think that Mitch Mcconnell is saying anything other than that. I dont think that you would advocate we want to go from 600 billion deficit to, you know, deficit to trillions. Stuart i wouldnt say that, no. I wouldnt. What i want is big tax cuts for corporations and individuals, back dated to january the 1st, so you get the maximum input of money into our economy, as soon as possible, and then youll get the growth which eventually will bring in more money to the treasury. But if youre the establishment is saying, hold on a minute were not quite sure about this, youve got a problem in the Republican Party. No, no, stuart, everyone is on the same page as you, we understand that tax reform will bring in more revenue to the federal coffers, and so i dont think, i dont think that this has any different position than what Mitch Mcconnell is talking about. Were going to do tax reform and its going to bring more revenue into the federal coffers and again, when you score this dynamically, youre able to analyze that and look at the growth thats going to come. I agree with you, when we have these inversions where American Companies are setting up headquarters overseas were losing american revenue, lets reduce the tax rate and make america more competitive again. Stuart im trying to articulate what many nonEstablishment Republicans are saying. Sean, youve got to get out there and got to get me a tax break thats retroactive to january the 1st, you do that and im a happy camper, believe me, im sorry im out of time. Making you a happy camper, you cant read into too much what Mitch Mcconnell is saying, those of us in the house ap senate are going to be on the same page as donald trump on tax reform. Stuart glad to hear it. Were going to get it done. I think what Mitch Mcconnell is doing, slight pushback to mr. Trump were going to have a say in this and look at the growth side, but we dont want to balloon our deficit. You and i analyze it the same way. Stuart ive got to go. Revenue comes in and offset the tax cuts. Stuart sean, we got it in eventually and thank you sooen sean duffy. Stuart and congressman on this studio 10 08 yesterday morning. On the right thats him at trump tower 3 45 p. M. You want to see the big news making guests, you watch Varney Company. [laughter] steve cortez sit, next to me and now hes headed over to trump tower this afternoon, all right. Where do we go from here . A commercial break. Let me deal with this quickly. Singer kanye west just arrived at trump tower. Whats that about . You never know who youll see going into the golden elevator. There is proof. Kanye west, he was in the hospital for die hydration and exhaustion and had a bit of a meltdown. And in california he said no, i didnt vote and told concert voters. If i would have voted i would have voted for trump to which he was roundly booed. Liz and he went into the hospital. Ashley and i dont think his approach was just entertaining, trivializes it. It was genius. Stuart he had a big entourage. And new yorks socialist mayor bill deblasio is offering city workers free therapy and other support for dealing with trumpinduced stress, david webb, unload. To take it seriously, bill, our mayor is a train wreck. Maybe he needs a hug. His son is afraid of the police and he has the antipolice rhetoric he puts out. Policy, where is the policy solutions for new york . He wants more money from the federal government because trump was elected. He wants more money from state government. He holds Charter Schools hostage, this guy needs to really get to work. And the city of new york workers. Stuart whats he doing going into the golden elevator. He tried to say i told donald trump what i wanted. And every one of us believe that bolshevik bill will go in and tell a climate denier, there are a lot of election deniers and they need to get over it. Stuart whats that on the screen, i dont know what that is. Get rid of that. Look at the bottom arent corner of your screen. The dow futures up over 100 points. How about that . Were only 200 away from dow 20,000 and at the opening bell, well capture 100 of them. Which means, dow 20,000 is possible today. Ashley it is. One good rally, folks, and were there. You want to watch history . Stay there, watch Varney Company. Were making it daily well be back. [laughter] theres a lot of places you never want to see 7. 95. [ beep ] but youll be glad to see it here. Fidelity where smarter investors will always be. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. One of many pieces in my i havlife. Hma. So when my asthma symptoms kept coming back on my longterm control medicine. I talked to my doctor and found a missing piece in my asthma treatment with breo. Oncedaily breo prevents asthma symptoms. 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All right. 30 seconds to what could be a historic day and wall street. Trading will open at 9 30 this morning. When we open up the trading session, you will see the Dow Jones Industrials go up maybe 90, maybe 100 points. That will put the dow within striking distance of 20,000. Weve never been there before. Were up, what, 1500 points just since the election, which was five weeks ago today. The bell is ringing. [bell ringing] theyre clapping merrily. Maybe they know whats coming. Bang wer