Transcripts For FBC Varney Company 20161114

Bottom line message, dont be afraid. Reince priebus will be his chief of staff, he Knows Congress and will guide trumps policies through, and reassuring for investors. A phone call with chinas president xi, and afterwards trump said they will have the strongest of relationships and leaders of canada and mexico okayed talks about nafta. How about this, the first meeting as president elect with nig nig nigel farrage, europeans are mortified. The democrats are bitterly divided. Far left congressman Keith Ellison is one name mentioned for replacement for disgraced dnc chair Donna Brazile and and protesters want to delegitimize Donald Trumps presidency. And a week ago, Hillary Clinton was expected to be the next president. Welcome to the trump era. Varney company is about to begin. When youre caught between the moon and new york city i know its crazy, but its true i couldnt believe i could speak already. Let that song run on. Look at the remarkable super moon. Do you see it, guys . Its the largest moon since the year i was born, 1948. Theres an omen right there, boys, i tell you. Well not get another one like it until 2034. Youll have one more shot to see it tonight, and it will actually be bigger than it was last night. Tonight is the night, folks. Ashley start howling. Stuart ahooh. I should try to resist howling at the moon. In case you missed it, donald trump gave his first post election interview with 60 minutes. Here are highlights. Roll tape. I would tell them dont be afraid, absolutely. Thats not what youre saying, i said it no, no, im saying it, dont be afraid and i say stop it. If it helps. I will say this, and ill say it right to the cameras. Stop it. Are you going to take the salary, the president s salary. Ive never commented on this, but the answer is no. I think i have to by law take 1 so ill take 1 a year awe maybe win the election, obviously it didnt work, because we are here and theyre not and i think my strongest asset is my temperament. I have a temperament where we win. Stuart we will, of course, have more on that throughout the days program. First, trump announcing two of his top appointees, on the far left, not politically, but on the lefthand side of the screen. Rnc chair Reince Priebus, hell serve as chief of staff and steve bannon chief strategist and counsellor. Look who is back fresh from his victory, this is jeff dewitt. Thanks, stuart, for me me. Stuart let me see if ive got it right about Reince Priebus. He Knows Congress. It seems that mr. Trump will say, get them to give me a tax cut plan, a deregulation plan and obamacare plan and put it on my desk. Its very, very nice coming in for us, not having the political experience, to have someone like that, that Knows Congress, that can guide bills and measures through. Stuart thats what hes for. Absolutely. Stuart he wants these three things and more from congress and hes going to tell Reince Priebus to get it. And our campaign had a Good Relationship with the rnc, worked well with reince. Stuart in the end. They did a good job and a degree of unpleasantness, but sorted it out. Theyve been a pleasure to work with, even steve and reince, you can say theyre different from each other, but they really coalesced as a team and if you look, certainly in the last few weeks, they traveled around with mr. Trump together. Stuart and whats steve ban nongoing to do. Chief strategist and chief counsellor. I think similar to what he was doing in the campaign. Hes a very, very smart man. Stuart well, he spins the message, doesnt he . With the messaging, and some of the things that, you know, some of the different ways that we would go about getting some of our message across. Hes a very creative guy. Stuart is he Donald Trumps Valerie Jarrett . He is a confidante. I would say hes very much in the circle, as reince. But mr. Trump bounces ideas off all of us. What people dont realize, he listens a lot. Stuart have you spent much time with him over the weekend. Ive seen him. Hes doing great. Theres a lot of work to do, you guys must have gone out and partied the amazing thing is now, with the transition and everything, we have 70 days to basically get all the positions in place and start running government. Theres a lot of work to do, so hes a very hard working guy. I think he said on 60 minutes, he doesnt take vacations. Right. Stuart hes not going to do that. Mr. Trump is the most impressive individual in my life when it comes to work ethic. He works, he barely sleeps, hes go, go, go, very high energy and gets things done, which is what we need in washington. I dont expect it see him taking the vacations that his predecessor said. Hes a worker and he can outwork a 25yearold. Stuart let me offer congratulations, the first time or second time since the election. U were me a week ago you going to win, were you . Always felt like it, but every time i turned on the tv said we didnt have a shot. I was sure. Stuart i didnt think you were going to be win. To be honest with you, no, last monday i thought Hillary Clinton was going to be. I tell you this, secret sauce in the campaign. We really had a great ground game and had our act together. Every time we turned on the tv, they didnt think we did. We didnt want to tell them, but we had a lot more going on than people gave us credit for. Stuart jeff dewitt, you sly dog. Thank you. Stuart a record close for the dow. There you see it. Its the 11th of this calendar year, 18847. That means were what, 152 points and change away from dow 19,000. Well keep an eye on it for you today because were going up at the opening bell. How about the price of oil. Whoa. 42 a barrel now. Thats interesting. Oil down, but stocks keep going up. And how about this one, too. The yield on the 10year treasury is at 10. 20 . That means that Interest Rates up, but stocks up as well. Very unusual situation. Oil down, stocks up, rates are up, stocks up. You dont see that that often. How about samsung . Maybe they want to change the subject, but theyre buying into the Electronics Company harmon international, 8 billion. Samsung wants to get into the car business. Harmon, of course, going straight up. Lets get to the democrats. Former clinton insider, doug schoen says the party, the democrats taking a hard left turn. Watch this. I think this was a complete repudiation of the party that i belong to and now the party appears potentially to be moving further left, which i think is a profound mistake. Stuart well, theres some evidence for that. One of the leading candidates for the dnc chair is that gentleman on the left. That would be keith elseson, congressman ellison. Tammy bruce, congressman ellison is way out on the left. Hes a socialist. He has the support of elizabeth warren, Bernie Sanders and amazingly, chuck schumer, senator schumer. There are issues and relationship with care and the dynamic, everything we havent liked about about the democrats, the recognizing the enemy and radical islam. And somebody who needs to drop right now tim kaine. Why not a tim kaine. Its interesting the extremism. Stuart he wasnt a wild success as a veep was he . Theres no real great option for them. You dont have to go to the extreme left. A lot of people have left and thats why the independent is so important these days. Youve got for the democrats the moderate normal people have left and what theyre now trying to do is appeal to the more extreme elements. This is going to be the death ne knell for the party. Going further to the left means theyll lose more power and become irrelevant. Stuart that looks like where theyre going. Let us have the genuine democratic party, schriver and kennedy, where they had their finger on the pulse of the people. Stuart good luck with that. Eventually, out of the ashes. Stuart ive got to bring this to our audiences attention. A powerful magnitude 7. 8 earthquake hit new zealand over the weekend. Damaged buildings, two dead. Hundreds of aftershocks, some as large as 6. 2. Its the largest quake since 2009, the one that wrecked christchurch. And donald trump meeting facetoface with nigel farrage. He led the brits. This is the first meeting since being elected, and its farrage. Europeans are apoplectic about this. And the chicago cop tweeted out a video. The spread that donald trump laid out at trump tower for the cops. Another Football Player sitting out the anthem. Buccaneers wide receiver evans says hell protest until further notice because of trumps election and i believe hes going to walk into the yes, well hes not walking into the studio right now. Thats him, willie robinson, duck dynasty guy. Whats his take on the lefts outrage over trumps big win. Hes on the show in about two minutes. Well be back. When they thought they should westart saving for retirement. Le then we asked some older people when they actually did start saving. This gap between when we should start saving and when we actually do is one of the reasons why too many of us arent prepared for retirement. Just start as early as you can. Its going to pay off in the future. If we all start saving a little more today, well all be better prepared tomorrow. Prudential. Bring your challenges. Look at this. Thats a wildfire outside of los angeles. From moments ago. No, no, thats live now. Sorry about that. Thats live pictures, quite some fire which by the way just started. All right. Despite calls for unity from both sides, many on the left are just apoplectic over the election of donald trump. Theyre attacking oprah, can you believe . Oprah tweeted this, everybody take a deep breath. Hope lives. Theyre being nasty to her in tweets thereafter. Look who is here, willie robertson, the author of the new book american fib fisherman and from duck dynasty. Im told that officers in new york city and in los angeles, the sons of daughters of the rich and their officers are crying hysterically over this election. Theyre sad. Stuart sad . Ive got messages, theyre crying. Theres no crying in politics. No, man. Its not going to change anything. Weve got four years, so, i mean, its a marathon, not a sprint, they need to its pathetic, people in their 30s crying. They run a whole office and theyre crying in public . That doesnt surprise me. I havent cried over an election. Stuart you cried over an election . No. Stuart youve never cried period. No, i dont cry. I dont cry over an election. I cry sometimes, but certainly not over politics and elections and, yeah, theyre sad and im sure because the media said theres no chance this was going to happen and it happened. So, they dont know how to deal with it and i want your reaction to the tampa bay, i think hes a wide receiver name is mike evans. He sat out the National Anthem to protest Donald Trumps election and listen to what he had to say afterwards. Roll tape. I dont want to, you know, disrespect, you know, the veterans or anything, the men and women that serve this country. Ive forever indebted to them, but the things going on in america lately, im not going to stand for that, you know, when Ashton Kutcher comes out and says weve been punked, ill stand again, but i wont stand anymore. What do you say to that . Hes going against what he just said. He doesnt want to disrespect, but hes disrespecting by what hes doing. Arent there other outlets besides the one thing right there . Arent there other outlets . Youve got the social media and hes a professional athlete, he could use that in any other way, but yet, they choose this. I dont understand it. Initially it was over that, now were going to sit down because of who becomes elected president. So, its just more divisiveness and this is not healthy. Stuart its not the time for nfl ratings on tv are not too good either. It affects it. It definitely affects things and when you watch teams and players and i just, i dont get why at that point in time is that where you want to make that statement . Got to get a handle on it. Stuart ive got 60 seconds left. And i know that youve got is it a big announcement, a special announcement coming up . A new show duck dynasty coming out. Season 11 and were going to make a special announcement there and then we have a followup show, spinoff show going viral. All things internet. Stuart whats the special announcement . Im not going to tell you the announcement, a big announcement from the robertson family. Dont want to spoil it here on monday morning with you, stuart . Stuart you make it you didnt pay me enough money to announce it. Youve got to pad the hand and ill give you a little more. Come on now. Stuart whats that book youve got . American fisherman. Stuart now will you tell me . Willie, youre all right and thats what we think. Good to be here. Stuart all right. Were keeping an eye on the big tech names, theyre down since the election. Look at this, apple, amazon, facebook, big declines in those stock prices and microsoft, by the way, yes, i do own some. Down 2 and google is down 5 , so what about today. Here is where apple will open in about, what, 10 minutes time. Were going to be opening slightly lower, and apple will be slightly lower, 107. How about amazon . Where is that . Thats going to be up a little bit, but still at 7 45, 100 below where it was a month ago. Facebook will be virtually unchanged. Microsoft, interest in that, up a few cents. And thats it, if that. And google will be almost dead flat. No big comeback this monday morning for the big tech. And mea culpa from the New York Times . What . Can it be . Dead set against the Trump Presidency now saying its going to rededicate itself to honest journalism. Well be back. What powers the Digital World. Communication. Thats why a cutting Edge University counts on centurylink to keep their global campus connected. And why a Pro Football Team chose us to deliver fiberenabled broadband to more than 65,000 fans. And why a leading car brand counts on us to keep their Dealer Network streamlined and nimble. Businesses count on communication, and communication counts on centurylink. The New York Times has issued its readers something of an apology over the papers election coverage. Here is how it reads in part. We aim to rededicate ourselves to the fundamental of times journalism, that is to report america and the world honestly without fear or favor. We believe we reported on both candidacy fairly during the president ial campaign. You can rely on the New York Times to bring the same fairness, the same level of scrutiny, the same independence to our coverage of the new president. Tammy bruce, it sounds like an apology and an mea culpa, are you reading it that way . Not at all. From that bit that you read there, theyre saying we were fine. We were fair and were going to continue to be fair, but then why are they issuing this at all . They effectively blame donald trump. That was he so unconventional why we couldnt figure it out. So its his fault and they ask questions, what forces and strains in america drove that divisive election, like maybe you . You had a part of this. This is a very strange approach in that they knew they had to Say Something because they knew they threw the rule book out, but are blaming trump and points we were totally fair, were rededicating ourselves to being creative. Sure, theyre writing fiction for a great deal of the time. This was not an mea culpa, it was an effort to address the fact they got caught without add mitteding anything and thats part of their problem. The New York Times needs to go completely digital and get out of being a hard copy newspaper. Stuart maybe so, but the times helped deliver the democrats to just the coastal elites. Thats all theyve got left. I mean, one third of House Democrats come from three states, california, new york, massachusetts. One third of the entire. Theyve lost them totally, completely. You look, nobody else is reading them, but the coasts and maybe they have an impact there, but theyve become a regional party. The New York Times has become a laughingstock and america is changing for good, i think. Stuart okay. Thank you, tammy. Moments away from the opening bell, you know, we are on the dow jones average, that was the close on friday. That was a record close, where now, what, 152 points away from dow 19,000. And when that bell rings in a couple of minutes, were going to go up another 50 or 60 points so youll probably see 189 in the first few minutes of trading today. Liz really . Cant wait. Youll see it live in three minutes. Here we go, its almost there bang 9 30 exactly. Were off and going up. The lefthand side of the screen, lots of green there. 35 points at 40 points in the early going. You might 48, we might hit 189 and we did. 18,900, there you have it. And most of the dow stocks are green and theyre going up. How about the s p 500, where is that . Its also up about. 2 , not such a huge gain. The nasdaq composite. The technology companies, not such a huge gain either. Up. 1 . Now look at oil, not making any waves in stocks this morning, its at 43 per barrel. Ouch. How about the price of gold . Where is that going . Up or down . Its another 8 bucks. 1,215, my, thats come down. How about the 10year treasury yield. Thats a headline and a high for this calendar year, 2. 23 . Way up since the election. Ashley webster is here. Elizabeth macdonald is here and so, too, is scott shellady. And so is keith fitzgerald. Im calling this the dump growth rally. If anybody wants to take me on, take me on first, keith. The trump growth rally, yes or no . Absolutely, without question, a lot of money still got to move and were seeing it now. Steve moore, and yes, it is. And go ahead, say it. Obviously it is, but i want to make another point, the way that donald trump has comported himself over the last week since he won the election, very calming, very modest, very humble, and gracious, i think is exactly what investors wanted to see. Yeah. That hes going to reach across the aisle. You couldnt script it any better. I think that the interview with 60 minutes did him a lot of good. What do you say, scott shellady, the trump growth rally . Its the perception of one, but we now have to get the growth. Dont get too ahead of our self and over your skis. Its going to be very volatile, but right now, at the moment trading on growth expectations, bonds down equities up. Stuart look at facebook, where is that stock . Remember, please, Mark Zuckerberg is defending against trying to sway or trying to sway the election. Theyre saying fake news and misinformation on facebook that helped to sway the president ial election. Hes fighting back and saying thats absolutely not true. Thats 1 of the sites worldwide content could be classified as fake, he went on to say this, the hoaxes that do exist are not limited know one partisan view or politics, it makes it extremely unlikely that the hoaxes could sway the election one way or the other. Stuart was there had a glitch that turned facebook pages into a memorial . A glitch actually kiltled off to the users and you went to your friends facebook account page, there was a memorial message there for you. Including one for Mark Zuckerberg himself. They say it was a terrible error that weve now fixed, but a little bit of a shock for people who wanted to catch up on facebook and found half their friends were being told they were dead. Stuart lets get the other big name tech stocks which we report on every day because thats where the money has been flowing for a couple of years. All of them have come a long way down since the election. And almost all of them, possibly exception of amazon, are down a bit more today. So, keith, would you buy any of those stocks on our screen right now on this dip . Without recitation, i would recommend buying any or all of those on the screen at this moment. Here is the thing. Everybody is betting on infrastructure and the other things. Thats bricks and mortar and physical stuff is a limit. It can nt scale technology, when trump hits his stride or even if he doesnt, we all need that last bit for technology and the highway bill for congress. Stuart keith, wouldnt it be a winner if donald trump lowers the 15 corporate, and allow money overseas to come back here. Thats a plus for them . Not only come back, but create the incentive to invest it and theyre sitting on stock piles and what are they going to do with it. A tax break and theyll bring it home and they put it to work. Stuart were five minutes into the early session on monday. Were up 45 points just shy now of 189. Ive got this on samsung. Theyre getting into the car business. They are buying harmon, thats an Electronics Company, for 8 billion. Nicole, the stock please and the story. Nicole lets take a look at the stock. Harmon up. And multiyear high for mar harmon, based in connecticut, 30,000 employees. Its interesting that samsung is moving into this auto sector and saying its a priority for the firm. The question is which came first the chicken or the egg. Do they have the exploding galaxy note 7 phones and then do the automotive business or the other way around . Dont forget, they have the other snafu of the top lowashin machines that the top game off in a high speed cycle and could injury the person doing the washing. Between the phone and the washing machine, maybe this auto the way to go. And this business could be 100 billion business by the year 2025. So this is why they want to get into this strategicically. Stuart it changes the subject, doesnt it . Thank you very much indeed. How about the health insurers. Donald trump says hes going to keep two items from obamacare and you can stay on your parents plan it will youre 26 and cant be kicked off a plan for a preexisting condition. Its going to go up and down, and goes on on obamacare. Up. I think that the insurers realize that if something werent done majorerly to change obamacare that we would have had it or hillary, basically a government run system. And the same thing with the drug companies, we get more free market injection into the health care industry, thats got to help our drug industry. By the way, i totally applaud what donald trump said. The last thing we need as a new administration is people with Health Insurance. Weve got to assure people nobody is going to lose your care. Were going to cover everybody and lower your costs. We hear that and now i want to move on to the trade story. Chinese media say well take a titfortat approach if trump starts a trade war with china. Liz donald trump said a tariff and cutting off iphones and u. S. Cars and swapping out bowing for airbus and cutting off soybean and corn. And the president of china saying he doesnt want to meet with donald trump and saying this is a negotiating tactic. Its an opening salvo in deals. Stuart but trump and president xi held a phone conversation, i believe it was yesterday and trump at the end of it said the two of us will have one of the strongest relationships. Liz thats right, and trump supporting wilbur ross says theres not going to be a trade war, hell focus on tax cuts and hell be striking deals. Stuart that would be a hit to the market if there was a trade war, wouldnt like that at all. How about the banks. Donald trump wants to fix whatever is wrong with dodd frank and thats the Financial Regulation that the banks live under. Steve, that looks like a big to the banks, and for the regional banks as well, right . I actually think that the reforms that donald trump is talking about with dodd frank, and the community banks, more than the five major banks in this country, because what wed like to do is see more competition. Whats happened under dodd frank, its the law of unintended consequences and youve seen more and more small banks bought out by the big banks. I think we get rid of dodd frank regulations and it actually increases competition and the Smaller Banks do better and the big banks dont have as much power. Stuart j. P. Morgan just hit an alltime high, another one, by the way, its a long string of the alltime highs. I want to bring this to your attention. Interest rates rising rapidly, 2. 23 is what the yield on the 10year treasury is right now. Scott shellady, this is unusual. Interest rates up sharply and stocks at the same time up sharply. Whats going on . Thats a direct result of the last seven or eight years, winding this market together with the Bank Intervention and it may seem, the perception is we are going to take this off and get back to the quote, unquote, normal levels. I want to remind everybody, we began at 2. 27. If we get there, 2. 24 in 10year. Weve got unwinding to do to have the markets get where they should be not manufactured growth the last seven or eight years. Stuart im going to say goodbye to steve and scott. And steve is with us, you lucky guy, steve moore. Look where the board is, exactly ten minutes into the trading session. Its not a huge rally, but its a little more moving up. 30 points higher. 18,879. Big tax cuts coming from donald trump, so were hear more money into the pocket, growth and prosperity are coming, so we hear. Here is the question, when . Well deal with that in a moment. Here is a peek what Energy Policy may look like under donald trump. Steve moore says enough with the stalinist Global Warming rules. You want Energy Independence. Its time to burn coal. Were on it when it comes to healthcare, seconds can mean the difference between life and death. For partners in health, time is life. We have 18,000 people around the world. The microsoft cloud helps our entire staff stay connected and Work Together in real time to help those that need it. The ability to collaborate changes how we work. 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Jeff lewis said, the trump campaign, truth, untruth and things left strangely unsaid have left millions of americans feeling vulnerable and voiceless. Where fear flourishes, he feels hes going to be retaliated against. Stuart well see what he job he does or does not have. According to duncan honda, theyre not the priority. Watch this. Were going to have a tax reform package. We released it about two years ago and weve been working this stuff in congress for eight long years putting things on the president s desk and waving them go nowhere. So we have this stuff ready to roll, but i think that the tax reform takes longer, because its it involves entitlement reform, i think. Lets bring in steve moore on the trump Economic Advisory team, and its going to take a while here. What does that mean . When do you think well get the tax cut bill in front of congress and we vote on it and weve got it, when . Thats a great question. Look, i agree with the congressman about the individual tax reform because thats a very tricky, thorny thing to get done. Youve got to take away deductions for people and trying to get the lower rates. But i agree with him. Thats more complicated and might take a year or two, but i believe when it comes to the business tax cuts, though, the Corporate Tax cuts, and the tax cuts for small businesses, i believe, stuart, we can get that done in 150 days. Stuart wait, wait, wait. Im interested in individuals getting a tax difficult. And thats how the you juice the economy. No, no, i disagree with you. Look, we want to cut the individual tax rates, no question about it, but where you get the real immediate juice in the economy is you cut those business taxes and thats going to help the middle class because youre going it bring more jobs back to the United States. Youre going to see the flow of businesses and capital back here. Good studies by some of my friends at American Enterprise Institute Show the biggest british beneficiary, listen, its important, the biggest beneficiary of the tax cut are workers, they have more capitol to work with, get raises and jobs. And get that done in 150 days and do the individual side which is more complicated. And we are going to get that done, too. Thats a disappointment, steve. The first thing Ronald Reagan did, cut individual tax rates. The first thing bill clinton did in 1993 was to raise tax rates and back date it to january 1st. All right. Let me challenge you on this. I believe what youre right what reagan did and kennedy, by the way, but back then the tax rates were much, much higher than today. When reagan came into office, the highest was 70 , today its about 40. The biggest problem with the u. S. Tax code right now is on the business side. Everybody who has looked at this knows, how many times have we talked about this on your show, we cannot go forward as a worldclass super power with the highest corporate and business tax rate in the world and theyve got to get fixed and fixed right away and we ought to call a republican jobs stimulus. Just dont forget, large numbers of people voted for donald trump because they want a tax cut from ridiculous levels at the moment. Okay. Im with you on that. Im saying lets do it in two steps. All im saying. Just say it. Hold on a second. Theres no retreat here. Ive devoted 30 years of my life to tax reform. I want to get it done. Well get it done. The easy part first and then turn to the harder part. Stuart this is a quote from you. Define stalinist global rules and start burning coal. When. Donald trump made a specific promise to the coal miners of america and try to put as many of them back in their jobs. These stalinistic rules that deal with Climate Change put so many of tens of thousands of our coal miners out of work and by the way, do you know how much coal guess how many years of coal we have in this country. Stuart couple hundred years worth . Youre wrong. 500 years. We have more coal than anyone else in the world. Were the saudi arabia of coals. For the environmentalists we have the cleanest coal in the world. Great story in the wall street journal people didnt Pay Attention to on the election. China is building like 100 new coal plants. How does it help the environment when we shut down our coal and china builds ten plants for every one that we shut down. How does that reduce Global Warming . We hear that, work on that individual tax cut for us all, please. Well get that done, too, i promise. Stuart steve moore, you can come back, thank you very much indeed. Where are we . Check the dow 30. Now were back above 189. 60 points higher for the dow. Trump drops a bombshell in the 60 minutes interview. Hillary clinton, hes not keen appointing a special prosecutor to go after the clintons. Thats a bombshell. Lets see what the judge napolitano says about that. If i win, im going to instruct my attorney general to get a special prosecutor to look into your situation because there has neveren so many lies, so much deception, there has never been anything like it and were going to have a special prosecutor. How else do you think he gets around so fast . Take the reins this holiday and get the mercedesbenz youve always wanted during the winter event. Now lease the 2017 gla250 for 329 a month at your local mercedesbenz dealer. If youre on medicare, remember, the open Enrollment Period is here. The time to choose your Medicare Coverage begins october 15th and ends december 7th. So call unitedhealthcare to enroll. 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I dont want to hurt them and i will give you a very, very good and definitive answer the next time we do 60 minutes together. Stuart so the answer really, kind of on hold, but he doesnt want to hurt them. Theyre nice people. Judge napolitano is here. What does he think is the base will not be happy. The base will not be happy. He may be speaking in a technical sense. My Justice Department will be the statute says you may have a conflict. He may be saying we will have no conflict and may have been talking about the email investigation. We dont know because there are two real hot live investigations that the Justice Department in tandem with the fbi is conducting over the clintons. One involves both of them. Thats the clinton foundation. Was it a slush fund . Was it a criminal enterprise . Was it a true charity and the other is, did she make decisions the public corruption one as secretary of state tailored to benefit people, excuse me, who contributed the foundation. Those investigations are live and real and i dont see president elect trump interfering with them. Stuart but he has leverage, doesnt he . Of course he does, he can pardon them or say shut it down or president obama could save him that decision by pardoning them himself. Imagine if barack obama pardoned bill and Hillary Clinton that last day in office. Stuart wouldnt that be a humiliation for bill and Hillary Clinton to be pardoned by the guy that defeated you . Something tells me they would accept the pardon and probably save their freedom. Stuart but theyre gone forever from public life. I think so. Stuart i had dinner on saturday night with a lady well into her 80s. Did you pick up the tab . It was in someones home, there was no bill. [laughter] a lovely lady that watches the show every day and the only time she really got mad at me when i suggested a pardon for Hillary Clinton. Wow, i have taken some grief as well from some of staunchest supporters for sort of smiling on your suggestion without being as pro pardon as you. Look, the concept of pardon is not being just, its being merciful and this is a unique decision that president s make out of the bigness of their heart or in a political gain. Stuart in the sense of mercy, Hillary Clinton spent her entire life trying to be the president of the United States and shes failed. I wouldnt want to rub it in. And id say pardon there goes your social schedule. Stuart never have dinner with that lady again. Lifetime highs for two dow companies, United Health and j. P. Morgan, look at them, up they go. And donald trump has confirmed it, hes not going to take the 400,000 a year president ial salary. He says hes perfectly happy with 1 a year. Youll hear him say that. And were talking to the former president of brandeis university, hes condemning safe spaces and how theyre babying College Students these days. Youll hear that. Back in two minutes. Democrats have lost pirate every level of government. They want a fresh start. The way they are going they are not going to get it. First senator harry reid with this exit statement said to us. The election of donald trump has emboldened the forces of hatred and bigotry. Lawabiding americans are wracked with fear. White National Celebrate while innocent americans cry tears of fear. The fear mongering is beneath the dignitary required at his office. Truth is his term was a failure and who could forget senator reid deliberately and knowingly lying about mitt romney and taxes. Democrats really do need a fresh start. But look who oldline democrats wanted the new bidder. Congressman Keith Ellison. Harry reid wants in. So to senators Elizabeth Moran and Bernie Sanders. Ellison is a socialist leading the progression all caucus. They hate and poison. President about much of the to the left and now leading figures in the party seem to want to go way out on the socialist fringe. They have a lot of sorting out to do. My opinion, if they go down the socialist road, they will be out of power for a generation. Lets hope it the second hour of Varney Company is about to begin. About 31 minutes into the session this monday morning. Jusf right now. Tram rally, as some people call it back, talking with art laffer in just a moment. The russell 2000 hitting a lifetime as a very broadbased indicator, lifetime high there. Big tech names, lets go through them. First of all apple, amazon, facebook, microsoft, all of them down again this morning. I followed their losses since the election. Lifetime highs however for Jpmorgan Chase and United Health. The car Electronics Company harmon is a winner. Samsung is buying it for 8 billion. They want to get into the car business from the bad publicity and other areas recently. Donald trump addressing protesters across the country. His message for them, stop it. Roll tape. They are harassing latinos, muslims. I am so sad and to hear that and i say stop it. If it helps i will say this. I will say or write to the cameras, stop it. Stuart straight to the cameras, stop it. Lee carter is here and she does not bring with styles but youve got the analysis anyways and i was quite a forceful delivery into the camera. Think it works . I think the whole interview went a long way in showing people that he was reasonable, that he was calm and that he was willing to take a stand against protesters and against a lot of the things that people are claiming that he is like a bigot and a racist beard if you see a comment like that, see who is serious about it and its important move forward. Stuart how do you think its going to go down about not taking a salary. 400,000 a year. I think he is taking a dollar a year. Publicity wise. At the very good move. A lot of communication is also about symbolic gestures. This is a really important symbolic gesture to say im an outsider not going to do things the way theyre usually done. I didnt need this and im here because i want to help the American People. Stuart lets your donald trump said that himself. Ive got the soundbite. Roll that tape, please. There is so much to be done so i dont think will be good on vacations. Are you going to take the president s salary . Ive never commented on this, but no. I think i have to buy lots hit 1 dollar a year. I dont even know what it is. 400,000. Im not taking it. Stuart that is the salary. He also said im not going to take vacations. I think it absolutely does. One of the big criticisms about barack obama is when crisis hits there on the golf course, on vacation, taking time out when they are serious we need to address. He is saying i am here, im a fighter and im not quitting on the American People. Its important he talks about these things. Stuart a switch subjects and talk about kellyanne conway. She went on the air and says look, democrat leaders need to stop encouraging this protest. Ive got the soundbite. Roll that tape. The president of the United States, secretary clinton, others can come forward and ask for a peaceful transition and ask their support which are masquerading as protesters. Professional and paid by the way. Ask them to give this man a chance though that this country can flourish. Stuart that was interesting. Trump said on that interview stop to the right and the left. Kellyanne conway said he and mr. Obama and Hillary Clinton come you should do the same thing. Say the same thing. First of all shes a rock star. Beyond that, i think its really important that both the president and Hillary Clinton come out and say it over and over again. You dont just say again a fine message once in the day. We see a country. We are not unified. People are more divided than ever. The anger, vitriol is the responsibility of both parties to say we need to Work Together and they are the leaders of many to Say Something not just once, many times. Stuart i thought his interview on 60 minutes made him a ready guide. Hes not the wild fire breathing guy with. Its fascinating to see the change and he was the one of guide through the campaign and now hes very calm. Stuart do you think its president ial . I do. When he talks about the respect he has for the office, are you afraid, overwhelmed, no just filled with respect. The second he came out on stage as he was acquitted of it here, the tears in his eyes all the way through that whole interview last night should go a long way to make people say this is a leader. He is taking this seriously and is change the tone entirely. Stuart we talked to people in the room onElection Night and there was that moment when suddenly it became obvious that he was now president is not. From that moment on, his demeanor seemed to change because he understood this just happened. At all just landed on his shoulders. Stuart what a moment. He never lost faith in it or not the same as not possible. Lets take a look. He kept us calm and i think we see not ever since. Stuart i want to read the book whenever it comes out. I want to see it. Lee carter, thank you for joining us. Great to be here. Stuart back about 18,900. We have been rally in stock have been rallying stock prices since trump won the election. Art laffer is with us im a former reagan economist beard this is the trump rally. Is there any other way of putting it . No, its been here quite a while. This is part of the trump rally. All changed america thats all for the good and frankly i disagree with you and the others by the way. Its not about talk action that trump talk. In this case, what trump does in the next few months is critical to call me in the rice, call me peoples feelings. If he gets the Corporate Tax in there in the personal tax cut, he doesnt repeal reformation of obamacare, repeal of the executive orders. All of doublespeak monuments about what america is going to be like and it will be a very prosperous year. We created 21 million jobs they would be no one protesting because they would have jobs they would have to go back home and get rest for their work the next day. Stuart look at bank stocks. They are all up 2 , 3 . Is that the reason . Its all going up no question about it. They will go up in banks to well when Interest Rates go up. To get the landed a higher rate and borrow at a lower rate. You cannot have a bull market in this country without a chip shell be the summer between 2 and 4. 5 . The 10 year tips is expected real return on a unit of capital over the next 10 years. Youve got to have expected returns before you can have a boom and we are moving right into that territory. I am so pleased about is happening i cant stand it. Watching steve moore and your show was amazing. Stuart you watched him. The First Priority actually is getting a Corporate Tax cut. Im saying now, lets not forget Ronald Reagan. First thing he did was an individual tax cut. They are both wonderful. Do you have children, which one you love the most . I love them all the most. I have six kids. The Corporate Tax cut is probably easier to get right away than the personal income tax. Im sure thats the reason steve moore was saying that because we could probably do it in the first 60 days of the trump administration. Just lower that rate and that would be terrific. The personal income tax are just as important. Youre completely right. Stuart ive got six kids. Youve got six kids. I have nine grandchildren. I had three greatgrandchildren. Put that in your pipe and smoke it. You have three greatgrandchildren. Its not cool . Im a little bit younger than you. You are 76 years old. Im 68. Youve got a lot of catching up to do in eight years. Stuart ive got three children who are so far unmarried good one is getting married next may. Ive got a prospect of meeting your small number. I have to still in prime breeding years. I am betting i get 20 grandchildren total. Thats what im looking forward to. Isnt that wonderful, stuart . And these kids will be in the future. We have just done the future. You say it is for the next four years or whatever. Weve changed america for 40 years. Weve got all five positions of political power and simply look at the other two. The fed and the supreme court. This is a wonderful layout. All i want to make sure you do and all the others do as well, all the opposition back into her tent. We are a big 10 people. We want to work with people. When the silence people it doesnt mean you convince them. We want to commend some of the logic and thats why its really bad actions trump talk. What donald trump does in the first year or two will break all of those disbelievers back into our camp and we will have a reagan. That will last for a thousand years. Stuart art laffer, three greatgrandchildren. What a guy. Thanks a lot. Thank you, stuart. Stuart by the way, one of my children is a farmer in new zealand where they had an earthquake. Look at this. Three cows stranded on that tiny little drafty patch of land. A magnitude 7. 8 earthquake struck the south island. It was ripped apart that in the cows surrounded by those deeper beans. That is the south island. My son loves on the north island and he felt the quake shaking the whole house. Hundreds of miles away. A big quake indeed. College students staging antitrump protests and walkouts. We will tell you all about this. A lot more on this in just a moment. Stuart that can capson. If youre looking outside last night in a clear night, that is the largest superman since 1948. Next time we will see is 2034. It will be over so slightly bigger. It was stunning. What a sight that was. An iphone takes lousy pigs. Pictures. The rally is back in place at 73, while about 18,900. The price of gold tumbling very close to the 1100dollar an ounce level with 12 bucks as we speak. Trumps when causing protests and walks out walkouts at colleges across the country. The schools are just plain software is the students. Frederick lawrence is with us. Former president of brandeis university. Sir, i have to ask you, how on earth did we come to this place is a space and the rest of it . Stuart, good morning. Glad to be with you. Safe places where students really mean is not that the classrooms that to be safe places because classrooms that to be places of vigorous discussion and Free Expression of lots of different views. There are certain times for certain students on places to be with students who share her view with students who shared these data that time together. I think we ought to understand campuses are a big plays. To keep our prices to make sure there are adequate places they can have rigorous vigorous debate. Stuart im a student that one of these colleges and im offended because im very sent to death about some issue or another and im offended by something thats happening, if the university doesnt respond to my sensitivity, i could do. Thats the case, isnt it russian market i can do the university and say i need may save space. I need my therapy dog. And theyve got to provide it. Its the lawyers that are driving some of this, isnt it . Now, thats a little overstated. I think you probably meant it to be, too. Nothing wrong with therapy dogs during exam times when students need to calm down. The truth is offended me of lots of different things. If you are literally threaten, that is something different. Offended in the sense of having your views challenged as part of what it means to be an undergraduate. Most students to understand that. What you see right now is a major reaction to one of the most tumultuous elections would never have regardless of your political views. This is an election of great passion. Stuart i dont think some of these youngsters should be in a university. I just dont date they are suitable candidates for equality university. I just dont see it. They are juveniles. Well, you know, its sort of depends on the student to spend time at good for students and teaching that young law school where the law school where the visiting professor, we thrash out all views and a seminar and as a matter of fact our last session we talked about reexpression on campus and a small group of students left right and center within that room and it was a serious respectful discussion. There is much more of that, a lot of heat and a lot less light on these issues and we ought to be involved in a little more light and a little less turn down the heat. Stuart the sense in heat. Lets have some intensity. I spent three years at the London School of economics i had a couple pints of inside me that thats the way it was. Theres nothing wrong with that. The liquid courage up to quite a bit, but the reasoned argument was even more powerful. Stuart sera, a pleasure having you on the show. We disagree here, but but nonetheless present generation must do what we can do about this. Spend more time on campus with us. Take care now. Stuart if youre not careful i will and almeida police escort. Much obliged. Chelsea handler has a talk show on netflix. She breaks down in tears because Hillary Clinton did not win the election. The hollywood elite is distraught. We will show you more of this. You do all this research on a perfect car, then smash it into a tree. Your Insurance Company raises your rates. Maybe you shouldve done more research on them. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you 24 7. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Stuart kate spade i think makes bags. Is that correct . One hedge fund urged the company to sell itself as investors like that might get a better price. Ive begun 6 . Another name, the payment processor is called square. Theyve got one upgrade. As they go 4. 5 , 12 a share on square. Many of the elite of hollywood have been truly upset by Donald Trumps brain. How about tv host chelsea handler. Watch how she reacted on her talk show. Roll tape. It feels so sexist. I get the message that i want to spread out to other women is exactly what you are saying is not to give out. Sorry, i hate crying on camera. Dont give up because its so important and its easy to say throw in the towel and im en route to spain because i want to move to spain. I really, really want to move to spain right now. Stuart am i allowed to laugh at that and say frankly that is pathetic. Am i allowed to do that . Youre allowed to do whatever you want. Stuart when you make of it . To call the is to miss the point of what just happened. Hillary clinton lost pitch he got 51 of the white womans vote. That is the period so how can you call it sexist . How can you say that when 49 of white women said we dont want Hillary Clinton. Ashley its not that shes a female. Shes not the right person for the job. That is not sexist. Thats talking about a persons character. Stuart president obama said if she loses its because of with them. Liz thats wrong. Hes wrong. I like chelsea handler. Shes great. I think shes really funny. I am a fan of hers. This is a come to jesus on it. Why did Hillary Clinton lose bad economic policies, even Democrat Union members had its not working in this country. Michael moore has that message right. He doesnt agree with donald trump and now opera is saying there is hope because she sees donald trump. I think the message needs to get through. People out there are hurting. Even Hillary Clinton said weve got to give him a chance. These celebrities are role models whether or not they want to be. If they are not following their leaders have a famous give them a chance, theyre missing the point. Stuart bring me some dials. Thank you indeed a donald trump indeed doubling down on his plan to deport illegal immigrants, criminal immigrants. He wants to deport criminal illegals. He says 3 million have to go. The New York Times says that will rededicate the paper to more honest reporting. It underestimated americas support for donald trump. Thats what theyre saying. More varney in a moment. You dont read about that in the New York Times that he dont read about that in the other newspapers because the system is corrupt. The New York Times, which is totally dishonest by the way. Heres the good news about the New York Times. They wont be in business much longer. Do you see what they are losing . Im connecting our brains so we can share our amazing trading knowledge. Why dont you just go to thinkorswims chat rooms, where you can share strategies with thousands of other traders . Mmm, blueberry . Tap into the knowledge of other traders on thinkorswim. Only at Td Ameritrade. [vo] is it a force of nature . Or a sales event . The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. Stuart plan that the dolls as often as possible. Thank you producers. The dow jones averages 44 points higher. Liz this is the only song Paul Mccartney played lead guitar on. Stuart i did not know that. The Electronics Company samsung is by a man. Car electronics tells you something about samsung. Maybe they want to change the subject after difficulties with their phones getting into the car business now. Donald trump said the protest and outrage over his wind proves a clear double standard between republicans and democrats. Roll tape. Hillary had one and my people when on a protested people would say thats a terrible thing and it wouldve been a much different attitude. There is a different attitude here theres a double standard here. Stuart david webb is with us this morning. I want to know who is behind this leftist per test. Well, lets go through that. And the impact this quickly. Ive got leaves turn him working on ground for us. Largely one group, portlands resistance. Their website at their website. Their remake of a blacklist matter group called dont shoot portland. They are the organized behind this. The an organizer. The un organized anarchist and communist communities. They are significant in the city of portland along with the other groups i talked to about this weekend on fox news is that some of the move on. Org sympathizers in a group of others. This is much like you and i talked about the antiamerican and anticapitalists. They wouldve celebrated history. They were so off about bernie, but now they have a perfect foil as they see it in donald trump. But they are not protesting for america. They are not going to change the outcome of the election. They want to tear down communities. Stuart they want to delegitimize Donald Trumps presence. By the way, let me stop you for a second. Our viewers may have seen moments ago some aerial pictures looking down. What you are looking not briefly were some High School Students in maryland and a protest walking out of the school. Silver springs, maryland. These are High School Kids protesting sorry about the choppy signal. They are protesting trumps election. High school kids walked out of school. Back to you, david. Donald trump elaborated on his immigration plan. He says hes going to deport criminal illegal immigrants. Watch this, please. What we are going to do is get the people that are criminal records, gang members, drug dealers, a lot of these people, 2 million or 3 million out of our country or we are going to incarcerate. We are getting them out of our country that are here illegally. Stuart that could mean 3 million criminal aliens deported. Thats a large number. What do you make of this . Trumps plan has to evolve the details of this. Lets get past deportation plan. Lets get from what he plans to do and how he plans to do it. In some cases a physical wall matters. The fox news story about the 150 Border Patrol agents being sent down. They are not there to provide border security. So far under obamas current in existing plan, they will help process out of the Immigration Centers to catch and release program out into america. In large part they are not there to turn people around and get them back across the border. They are there to balkanize america with illegals. Thats what theyre going to do. Under trump that will stop them, turn them around. What we need to get is a complete deportation plan for the criminals. Weve got to get a plan to secure. By the way, the wage suppression of black and hispanic communities, the economic effects on poor communities is significant, especially lowerlevel jobs. Stuart more for you in a second. Tampa bay wide receiver mike evans protesting Donald Trumps election. Watch this. I dont want to disrespect veterans, the men and women that serve this country. Im very indebted to them. The things that have been going on in america lately im not going to stand for that. But nash and comes out and says ill stand again, but i will stand anymore. Liz he still cant believe the reality star became president. He is saying america is not america right now. I thought it was a joke when trump one. Im not a political person. Ive got common sense and i know what im doing is in a period when you make of this, david . I wonder if he voted. Donald trump is the president duly elected. What is he going to stand for . What will you take for inaction . What he feels he has the right to do, but whats he going to do about the issues in the community . Stuart yeah, whats he going to do . Elise is not like the other celebrities that they were you going to get a better deal than america . Stuart is not doing football much good. They are tied down. The nfl earnings at the end of the season. New york times issuing a letter this weekend saying they are rededicating themselves to honest reporting during the Trump Presidency. Howard kurtz is that kurtz is with us, and media buzz host on the Fox News Channel joins us today. Are they apologizing to me or times, is that how to read it . U. S. As close as youll ever see from the New York Times earlier mail a letter, talked about perhaps the sheer unconventionality of Donald Trumps candidacy caused us to underestimate his appeal. He completely blew the election and said Hillard Clinton and 84 chance of winning. We get it and we understand some of you may feel they havent been fair to the president elect. Stuart have you got anything unjust basis, the man who runs an unsafe big chunk of amazon, also owns the Washington Post outright and has led the Washington Post and to some of the most rabid antitrump commentary weve seen in a major newspaper. Have you got anything on that . Are they going to reverse at all . I always defend the commentators write is the Washington Post in its editorial page very harsh on donald trump. The news pages of the post with some exceptions here and there was more fair to trump in the New York Times. Consent ishey is us, there that he is not very involved in the newsroom sitting out there on the west coast. So i think you may just be the Washington Post did like donald trump. Everyone else in the main tree media who is tilting trump, they now have a president elect to deal with than they do need to rededicate themselves because their credibility was really tarnished. Stuart that is the word credibility. Credibility to a large degree was lost in this election. Youd think they could get it back . At someone were to win back the trust of readers and viewers after an election not just because donald trump beat up in other news organizations and individual journalists by name although he certainly did that, but because by getting object of measure the volume and negativity was so tilted against trump and away from Hillary Clinton and you have leading journalists and media critics justify and not by saying donald trump is such an inexperienced and ignorant and dangerous characters that we have to win the American People about this. The American People made their choice and that is why it is not going to happen in a month or even a year the media can get their credibility back in dealing with this new president. Stuart im sure you will deal that will deal that i media buzz. Absolutely. Stuart thank you for being with us. Take a look at some of our favorite tech stocks. Theyve all been down big since the election and they are down again now. Apple at 105. Facebook at 115. Amazon 725, microsoft gave. The loss is not so bad. Google at 755 and there is a series of declines for you. Isis issue in a new thread. This time it involves the macys thanksgiving day parade. We are on it. Nigel sunday, the man who led the red that of the european union. The First Political leader to meet with donald trump and the europeans are absolutely appalled at this. Will be back. What powers the Digital World . Communication. Like centurylinks Broadband Network that gives 35,000 fans a cutting edge game experience. Or the network that keeps a leading hotel chains guests connected at work, and at play. Or the it platform that powers millions of ecards every day for one of the largest greeting card companies. Businesses count on communication, and communication counts on centurylink. Remember, Varney Company starts at 9 00 a. M. Eastern. Heres what you missed at the top of the hour. Art laffer on taxcut and his grandkids. The Corporate Tax is probably easier to get graduate in the personal income tax and im sure that the reason steve moore was saying that because he could probably do it in the first 60 days of the trump administration. Just lower that rate. That would be terrific. The personal income tax is just as important. Youre completely right. Stuart ive got six kids. You have six kids. I have nine grandchildren. How about you. I applaud than three great grandchildren. Put that in your pipe and smoke it. Stuart wouldve had a series of new records for the dow into alltime records Jpmorgan Chase and United Health both have gone straight up and they are up again today. 3 and 2 respectively. Donald trump reveals maybe he will live fulltime in the white house in washington d. C. Ashley webster, where would he live . Ashley well, trump tower. Germany stories that had been on the road im on the campaigning but in the days before his campaign where he would do everything he could fly through the night to wake up in his own bed. He really doesnt sound. Its a threestory penthouse that hes been in for 30 years. Why wouldnt you love it. Things change and of course all of this is kind of coming to him now. He says maybe washington are days a week for the weekend. Stuart wait a minute, can you imagine the president of the United States spending two weeks a day i trump towers. Liz next to take the names and all other stories that would lose customers because of security. Stuart hadi defended power and the the president of the United States ashley if there is a nofly zone around it. Stuart in other styles. For us. Donald trump met facetoface with donald farage. He led the breath out of the european union. The leaders of britain and france skip an emergency european meeting. The meeting had been called i were going to handle trumps when. On the french state away. The coup is here to cover that. Sebastian gorka, author of the great book defeating jihads. Welcome back. The person the french wont even attend a meeting like this . And we put the photograph back up . I just love this photograph. Look at the mans face is. Happy warrior from the 80s. These are the happy warriors back to save us. People now understand brexit, trump, same thing. Does that mean trumps victory enhances the prospect of a totally absolutely. Weve had for a decade of multis bd europe, have you heard this . Some people would be a first year. The boxes smashed. Some nations say these guys and of dont represent us. They are the same as the elites who have been trounced by trump in america and were going to see more repercussions. Stuart let me think this through. If europe falls apart in donald trump says to the europeans are going to have to stop defending yourself and paying for it. That means the rearmament of germany, how do we feel about that. Lets be honest. I grew up in the cold war. We are all children of the cold war. The cold war allowed what the germans called the social market, this half pregnant socialist freemarket and, but why . We underwrote it appeared america under rotor with article v. They have to decide if a best to defeat people like i says are they going to choose butter over guns . The question of germany, germanys culture has changed quite a bit in the last 50 years. Im not petrified of going down the highways. But these are the questions will have to be answered by the elite. How do we feel about the rearmament . Stuart ive got to get this question. Ayatollah oxman khatami delivered a message during fridays price. It said in part, quote, do not play around with iran. Iran will resist until her last breath. What do you make of that . It is tough because on one side is that its heard. The line of persia, give me a break. This regime is good at propaganda. Ill give it out. This is a regime that every friday since death to america. I think they understand who donald trump is. This is a message that they are a little bit yeah, this guy is not obama. Stuart they say we are going to stand tough, but they understand they are not using the same president. I was in trump tower about an hour ago and i can tell you dear friend policy of the next administration will not be the iran policy of this administration. Stuart easier said than done to tear up the agreement. Now, its an international treaty. The president can say done, over. Stuart at that happen, what would be our brands do . This is where we have to put pressure. They are going to build the bomb whatever we do unless we take a stance with other nations to make clear to them that there are ramifications for taking us hostage, for hiding facilities, for not allowing american inspectors on your territory. These things have to be communicated and i expect donald trump as president to communicate them. Stuart sebastian, thank you for joining us as always. A quick look at the big word factory zero position here. Virtually flat out, what say we might just be headed towards a negative. Right there is exact to where we are at this moment. Just her negative. Ive got more video from you for you from new zealand. This is the moment the quake hit. Does somewhat too dramatic, but it probably gets a bit march or not it. 200 wine bottles eventually fell off the shelf. This is a null sin city. My son is on the north island of new zealand and he felt that even though he was hundreds of miles away. See the wind, there it goes. New zealand famous for alvin young balked. Ice is issuing a new thread on macys thanksgiving day parade. You want to hear about that. Weve got the details in a moment. Looking for a medicare Prescription Drug plan that could save you money . 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Well send you a free enrollment guide, even help you enroll right over the phone. Or you can enroll online its quick and easy. Remember, open enrollment ends december 7th. At unitedhealthcare, were committed to helping you find the Medicare Part d plan that fits your needs and budget. Thats why we offer three plans. Like our new aarp Medicarerx Walgreens plan with one of our lowest monthly premiums and 0 copays for tier 1 Prescription Drugs when filling at any of the more than 8,000 walgreens nationwide. Call unitedhealthcare today to learn more about your Prescription Drug options and find the plan thats right for you. Ashley now this, i says offering followers a detailed howto guide using trucks has weapons noting that the macys thanksgiving day parade would be an excellent target. Authorities say they are aware of the guy that so are there had been no credible threat against the parade. Take a look at the big board. Lost a little bit of steam. The dow up 18 points. More red sox then green on the dow as you can see. Goldman sachs among the leaders. On the other hand, happily drag on the dow essentially flat. Meanwhile, steve moore, economic adviser to donald trump during the election campaign. He says tax cuts are coming but businesses will be the first to get them. Stuart i am interested in individuals getting tax cuts. Thats how you juiced the economy. No, i disagree with you. We want to cut individual tax rates. No question about it. Or you get the real immediate juice in the economy is to cut business taxes and that will help to middle class because you will bring more jobs back to the United States and see the businesses and capital back here. Good studies by my friends at the American Enterprise institute who have the biggest beneficiaries. The biggest beneficiaries ofer s because they have more capital to work with. Bigger braces and more jobs. Who will get that done at 150 days and then well do the individual side which is more complicated and get that done, too. Stuart thats a disappointment because the first thing Ronald Reagan did was cut tax rates and the first thing bill clinton did was to raise back dated to january the first. Let me challenge you. You are right but reagan didnt kennedy but back in the tax rates were much higher. When reagan came in the hightech service 70 . Today its 40. The biggest problem with the u. S. Tax code right now is on the business side. Everybody was looked at this know some of the time i talked about this on your show. We cannot go forward as a worldclass superpower with the highest corporate and business tax rate in the world cheered its got to get fixed and be fixed right away and i believe we ought to call the republican job stimulus bill. We want to change the way we see the world by changing the complete landscape in lenses. Our lenses will be more compact because we use a series of flat lenses and can be used in anything that has a camera lens. Nexoptic is taking things from a conceptual stage into the real world. Stuart now, in the runup to the election we frequently issued a kind of a state of play report. Well, were going to do the same thing again in the postelection period. Were six days into this. Heres whats happening. Donald trump is organizing his power. He wants plans on his desk for tax cuts, deregulation and repeal of obamacare. His new chief of staff will make sure Congress Moves quickly. Donald trump has assume ad president ial tone. Very much his own style. It is now somewhat conciliatory. Do not be afraid, is what he said. We will bring the country together. That was the message he delivered on 60 minutes last night. Very different. Investors are responding. There is a trump rally for stocks. Interest rates are going up. So oldfashioned savers will get a little more. There has been violent street demonstrations funded and encouraged by the hard left. Big protests threatened for inauguration day. They want to delegitimatize trumps win. The democrat, well they are reeling. They are out of power at every level and they dont know which way to turn. There is a leadership vacuum. Socialist left may take control. The media, still apoplectic, beginning to question its unprofessional bias during the election. The New York Times says it wants to get back to honest reporting. But what struck me most, is the hysterical reaction to trumps win. There are a whole offices in new york city where people are cryingen mass. There is a long list of hollywood celebrities weeping in. And on campus, sled and crying session. I use one word is pathetic. Lets not end the state of play with that, oh know. Think after mood shift in much of the country which never get as look in. Outside of coastal elites, sense Something Big happened, gives Middle America some hope, and that is good. The third hour of Varney Company is about to begin. Stuart all right. Were going to deal with your money first of all. The big board shows a sixpoint loss, off the highs of the day. Were still at 18,000 eight. Two stocks at alltime highs. Jpmorgan, unitedhealth, straight up. Price of oil . No impact on stocks today even though all the way down to 42 a barrel. Think it would be big impact on us. Gas should be lower soon. Here is jack hough, barrons senior editor. Im calling this a trump growth rally . Cant quite call it the Hillary Clinton rally, can you. Stuart no, we cant. I agree with you. What do we know about donald trump . He is a builder, even when he had to borrow at junk bond rates to build casinos and hotels he built access civilly. He has access to Government Finance rates, low rates, i say there is a couple of things you can do are lowrisk here. If you go on big building binge, build stuff we need. If we regret spending later, we still have the stuff. Build bridges, build roads, build airports. Corporate tax cut but we have highest rates around but poor receipts. Lower rates, flatten it. There is not much we can lose, we dont collect much now. We attract more business and stimulate the economy. Stuart that is important word, stimulus. You will get a lot of Government Spending, infrastructure, whatever. You get a lot of Business Capital investment if they get a lower tax rate and a lot of individuals stimulating the economy with tax cuts in their pocket. That is a massive stimulus. Right. And im going to be watching down the road for sustainability. We dont want to blow out the deficit of course. We dont want to borrow too much. That is one of the reasons youre seeing bond yields kind of creep up people are worried about increased debt down the road. In the short term, if you have money in stocks i think you will sigh stimulative effect propel the market. I think by the way, Donald Trumps speech on Election Night was a trillion dollar speech. We didnt hear mexicans and walls and jail and this and that. What we heard was, sounded like grownup talking. A few conciliatory words. Stuart 60 minutes last night, that was somewhat con soiler to on several areas. If we hear more of that and less what we heard during Campaign Season that will be good for the economy. Stuart essentially youre saying down the road you have a good shot at real Economic Growth in this country, you believe that . I think so. The bar is set low for what growth looks like. Stuart im talking 4 , at some point down the road . 4 is a tall order. Can i meet you halfway . Would you take three. Stuart no, four. Four is tall order only because you have some onetime events that really propelled this country to faster Economic Growth. In the past it was probably sustainable. Look we stand to have better growth going forward. Whether it was three or four, could be quicker than we have now. Stuart do this real fast. Biggsname technology stocks, put them on the screen theyre all way, way down. Apple at 104. Microsoft, amazon, all through the big tex. Amazon down 20 points. Do you see bigname tech stocks becoming attractive at much lower levels . Apple has been cheap for a while. Facebook and google make great money for advertising. Amazon is more expensive. Netflix is more expensive. The perception Silicon Valley is no longer the darling of washington. We lived in a growth starved world where people wouldnt find stocks with bright growth pros exis. Now theyre saying wait a second. Maybe industrials and selling consumer goods and theyre no longer flocking to the darling stocks at the top of the market. Stuart the story on the stock market is continuing huge decline of big tech stocks. That is what it happening right now. Jack hough, thank you so much for joining us. Always appreciate it. Thank you. Stuart back to politics. Donald trump naming Reince Priebus as his chief of staff. Karl rove is with us this morning. Karl, i believe Reince Priebus is there essentially to handle congress. He knows the people of congress. He will say, get me a tax plan, get me deregulation, plan, get me a get out of obamacare plan, put it on my desk. That is what Reince Priebus is for. I agree. As is Vice President mike pence who has strong relation there is on capitol hill. But also remember, the white house chief of staff is responsible for organizing west wing. Taking 550 people who work in what is called the executive office of the presidency, organizing them so they support the president s activities because while it is absolutely vital they get off to a strong start off on capitol hill. It is important they get off a strong start in all rest of the responsibilities a president has. Stuart two sides coming together, the trump side of the Republican Party and what im going to call for wont of a better word the establishment part of the Republican Party. Reince priebus brings them together, doesnt he . Reince wouldnt call them the establishment. Regular republicans. Steve bannon pick, represents nationalistic, sometimes called altright philosophy of donald trump. I will say this i worked in the white house nearly seven years. It is hard to think of having just two people in coequal partnership directing the west wing. Every other president ended up having a single chief of staff with strong people who have responsibilities inside the west wing. This will be interesting experiment. Donald trump often used this in his business of two coequal people who sort of have to work it all out between them. It will require these two men to be very collegial, take their differences forward to the president in respectful and open fashion but it will be a little bit difficult working how that exactly works. Stuart different and new structure but were in a whole new world, are we not . Yes we are. Stuart karl, we appreciate it, sir. Thank you, stuart. Incidentally on election day stuart live pictures, looking at silver spring, maryland, antitrump walkout of all places a high school. This is not college. This is a High School Students who have walked out of their school. They are trying to block traffic. That is High Schoolers doing this protest right now. Look at this, trumps first meeting as president elect with foreign leader, who is meeting . Nigel farage a frequent guest on that pick you are. When they saw that picture, they were flatout appalled. This is the fifth day of antitrump protests. Trump calling it a doublestandard. More varney a moment. If hillary had won and my people went out and protested everybody would say that is a terrible thing. It would be a much different attitude. There is a different attitude. There is a doublestandard here. [ male annnouncer ] with customink, you can design custom tshirts and other great products for every occasion from the first day of school to game day and everything in between. With the best collection of styles and graphics to choose from, its easy to go online and create custom tshirts and more for all of lifes events. [ all shouting ] get Free Shipping and ontime delivery guaranteed. Go to customink. Com to get started today. Dont be afraid. We are going to bring our country back. But certainly dont be afraid. We just had an election and, sort of like, you have to be given a little time. People are protesting. If hillary had won and if my people went out and protested everybody would say, oh, thats a terrible thing and it would have been a much different attitude. There is a different attitude. There is doublestandard here. Stuart that was donald trump on 60 minutes last night. The main part of his message seemed to be, do not be afraid. Rachel campos duffy is with us, republican from the great state of wisconsin and mother of eight. Mother of eight. Stuart we always shake our heads. You love saying that. Stuart i do. Im so impressed frankly. So, he says, do not be afraid. What do you make of this . Sounded conciliatory to me . Sounded conciliatory maybe more so than he needs to. Im so tired of the protests. I think he is right. There is a doublestandard. By the way i was disappointed in 60 minutes interview they talked about some mean things that were scrawled on walls about you know minorities and gays but actual acts of violence a white man in chicago, pulled out of his car and beat up severely because he had a trump sticker on his car. A school, beat up at her school, captured on a cell phone. Why didnt he bring that up . Why isnt the media covering these stories. Stuart hold on a second. Let me run a bite from donald trump 60 minutes last night saying stop it. Short bite, but lets roll it. Lets see what the man said. Theyre harassing latinos and muslims. I am so saddened to hear that and i say stop it, if it, if it helps. I will say this, and i will say it right to the cameras, stop it. Stuart you think he should have said stop it to the people who are harassing white people or trump voters . I think he should say stop it to everybody but also notice that there is a hierarchy of offenses. One thing to write something on a wall. There is another thing to pull somebody out of a car and beat them up. The media is doing exactly what they did on the campaign. They claimed that they have learned their lesson about telling the truth but theyre not. This is politically correct because its a white guy, getting pulled out of a car not being covered. Stuart you want to see donald trump a little less conciliatory than he was last night . It was nice tone. He brought up the doublestandard, greatest glaring doublestandard imagine for a second if that had happened, if somebody had pulled a hispanic or muslim man out after car and beat the crap out of him, what would have happened . Stuart very different situation. Very different situation. Stuart rachel, i have something you i want you to comment on. Let me do trumps tax plan will reportedly increase taxes on single parent households. Exposing more of their income to taxation, because it gets rid of certain head of household deductions, certain exemptions for children and exposes more of their income to a higher rate. Let me back up. The let me give you one number. I know you hate this. That 33 rate, it is now hits at 190k plus for singles. In donalds plan it goes down 112,500. So you basically stuart at the moment if youre single and make 190,000 of taxable income a year you pay top rate of. Of 33 . Stuart not 33 . 43 . At this bracket, 190,000. That is 33. Stuart that is going down to 112,000. Pay 33 at that level. Stuart okay. That could be fixed, couldnt it, quite easily . Absolutely can be fixed. There was another one if youre making between 53 and 68,000, your rate goes up 15 to 25 . That is a problem. He got elected telling people he would make lives of single mom better this is not. It is fixable. They will have to do it. Thieves are the people that got him elected. He has to do something to change that. Stuart you will tell him to do, wont you . I have a single mom sister, so he better do it. Stuart rachel, thanks for joining us. Mother of eight. We had art laffer on the show earlier. He is the father of six. I beat him. Stuart he has 12 grandchildren and three great grandchildren. Wow. Stuart come on. You have to be optimistic about america to have that many kids. Stuart yes, you are. Im bullish on america. Very optimistic. Stuart thank you very much indeed. Protests continuing against the dakota pipeline. I think that is the official name. Could find out as early as this week if it is actually growing to be built at all. Well head to cannonball, north dakota, for that in just a moment. First pro Football Player sitting out the National Anthem. Buccaneers wide receiver mike evans. He says he will protest until further notice because donald trump won. He said that, before the game. Here is what he said of. I dont want to you know, disrespect you know the veterans or anything. Men and women served this country. Im forever indebted to them but, you know the things boeing on in america lately, im not going to stand for that. You know, when Ashton Kutcher comes out and says weve been punkd i will stand again. But i wont stand anymore. 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Now there are eight other pipelines already under the Missouri River but the Obama Administration could, number one, they could approve the easement. They could recommend a different route, or in the president s words, let this play out. That is what protesters want. However in the end it may not matter because this is infrastructure project. It represents 8,000 jobs and Energy Independence for the u. S. Which of course candidate trump supported. He is likely to approve it. Now the pipeline carries oil from one of the most productive fields in the u. S. , the bakken formation, in north dakota, to south dakota, iowa and illinois where it connects with other pipelines and refineries. The pipeline is about 1200 miles long, 30inches inter. The size of a car tire. Carries 50,000 barrels a day, half the daily production of the bakken, currently carried by trucks and railcars. Represents 370 million gallons of gasoline. They say it threatens Water Quality if leaks and rightofway on the sioux reservation affect cultural art at this fact but it is not, let me correct myself, not on tribal land. There are people from all over the world and country that these people are trying to protect, sworn to protect the land as well as us. Reporter protesters blocked roads, they vandalized pipeline equipment and burned cars. Most locals feel that the administration is interfering politically on behalf of environmentalists since the corps of engineers already permitted project and defended it twice in federal court. While the president thinks we should let this play out for a few weeks, a farm and ranch families are being impacted. Again creating dangerous and very disruptive situation for People Living in this area and across the state. Reporter now the tribe steward says it has not been consulted. Court records show that the corps of engineers attempted to negotiate with the Standing Rock sioux tribe 12 times. They showed up twice. Both times they refused to negotiate. A day of protests are planned tomorrow, around the country. Back to you. Stuart william la jeunesse, thanks for joining us of the appreciate it. Two items well deal with in a moment. First off, Hillary Clinton blaming james comey for her losing the election. She said in a Conference Call, thats what she said with democrat donors. Next one. Look at that map. Were calling literally a sea of red. It is Electoral College vote. Former attorney general eric holder is calling for an end to it. Well, im in the process of writing an article says, simple solution to it. We have to abolish the Electoral College. Requires a constitutional amendment. That is heavy lifting. All right, so it involves heavy lifting. Lift heavy. Lets do it. We want to change the way we see the world by changing the complete landscape in lenses. Our lenses will be more compact because we use a series of flat lenses and can be used in anything that has a camera lens. Nexoptic is taking things from a conceptual stage into the real world. Stuart in a Conference Call with democrat donors, Hillary Clinton blamed fbi director james comey for her loss in the election. All rise, judge Andrew Napolitano is here. Well, did she lose because of comey . I dont think so, though i will tell you candidly at one point i did think so, early in the evening on tuesday night. But then as you saw the numbers coming in and as you saw the trump votes coming from areas where the votes have been a lot lower in previous years or traditionally democratic, blue collar areas, im satisfied this was a sea change in peoples thinking that put donald trump in the white house, and he captured it. Thats not to say that what director comey did was appropriate, making an announcement, a snapshot picture of evidence he hadnt even seen a week before election day. Stuart but if the democrats run off and say thats the reason for our loss, ignoring looking truly deeply at not just their strategy, but their policies they are doomed to failure in terms of trying to find the needs of the public if theyre going to point fingers anywhere other than at themselves and at their, im going to use your phrase, all government, a all the time. Stuart you like that. I do like that phrase. I dont like it happening, but its a good way to characterize what they tried to do, what president obama attempted to do and what Hillary Clinton said she wanted to perfect. Stuart what i find astonishing is congressman Keith Ellison, who is right out there on the left, i mean, the mans a flatout socialist yes. Stuart he has the backing of elizabeth warren, he has the backing of Bernie Sanders. Stuart and charles schumer. What about Hillary Clinton . Does he have the clintons backings, or are they totally out of picture now . They are failing to examine the political picture accurately if theyre going to take arguably the most leftwing member of the house of representatives and thats no stretch to say that, and to be in that position is in deep, deep left field, and put him in charge of the party. Stuart youre right. Im going to bring up a constitutional issue. It was raised by former attorney general eric holder. He wants to abolish the Electoral College. Roll that tape again, please, and the judge will comment. Fbi director james comey, are you going to ask for his resignation . I think that i would rather not comment on that yet. I dont i havent made up my mind. I respect him a lot. I respect the fbi a lot stuart i do apologize, the wrong sound bite. We rolled the right one previously where eric holder says weve got to do away with the right. He says bill maher who does a lot of heavy lifting and former attorney general eric holder says, okay, lets start lifting. By heavy lifting, bill m right on the mark because this would be a constitutional amendment. Twothirds of each house of congress, threequarters of the states. The smaller states are never going to give up that power that they have. What donald trump and Hillary Clinton have bothered would they have bothered to have campaign in small states, small population wise, if it were a National Election . No, they wouldnt. They wouldnt have done it. Stuart its like the argument for a balanced budget amendment. Im sorry, it sounds great, and im all for it, but im not prepared to wait 10, maybe 15 years to line up all the ducks and get it done. Its like Donald Trumps argument for term limits. If congress limited terms and exempted themselves, grandfathered themselves in, you and i will be long gone before they kick in. Stuart im generally opposed to any changes in the constitution an the grounds that they take so long, and why mess with a document thats done pretty well . You know, one of the theories two theories behind the Electoral College. One was to keep some power in the smaller states, and the other was so that the electors could defy the will of the public if they thought the public had been duped by a popular madman. Stuart ooh. [laughter] is that the way its worded . No, no, no. Those were that is, i think, a fair summary of arguments made at the time in favor stuart thats a fair summary . Youre referring to donald trump. No, im not. He was hardly contemplated in 1787 when they wrote this. [laughter] stuart who was it . Whos that guy madison . Stuart no, no, no, much more recently. In 1983, the fellow who was a rock star, he actually killed himself, and then he had written in 1983 were making way for a businessman, maybe even donald trump who will come along and be the president of the United States . Whats his name . Kurt cobane. Oh, my god, was he lucid . Stuart i dont know, so you see, prescient. Im buying you lunch today. Oh, my goodness. What a rarity phillip, i dont believe it for a moment [laughter] stuart draining the treasury. Do you want to get boo this . Its on theprompter, trump promised to oh, no. No, no. Have we got mr. Paul in the studio . We do. Youre dismissed. You want me out of here when you interview my hero. Stuart okay. Now, donald trump repeatedly promised to drain the swamp of washington if elected, so lets bring in former congressman, ultralibertarian ron paul. Congressman, welcome back. Its good to see you, sir. Nice to see you, thank you. Stuart you should be happy, surely. [laughter] here weve got big tax cuts coming, weve got a lack of intervention overseas from donald trump, and weve got all this drain the swamp. Youre a happy guy in this monday morning, are you not, sir . Well, it looks like all my efforts have paid off. [laughter] i have this libertarian society, i have nothing to worry about. No, ill believe it when i see it, and i think theres going to be some things improved, but we still have a long way to go. How do you get disentangled overseas, how do you get disentangled domestically when you have so many things going on and so many alliances, and how do you get disengaged from too much debt . If debt is truly a burden, which only to of us believe some of us believe, what are you going to do with it . I think republicans have a pretty good record of not being bashful with spending money, especially with the house, the senate and the presidency. And trump has not been bashful about spending money, so well see. I think theres some structural problems in the economy that were going to have to live with and resolve one way or the other. Stuart i think youre right. I think donald trump is going to unleash a new wave of Government Spending and a big wave of individual spending, tax cut money, and businesses spending their tax rate cut money. You could end up with inflation. So maybe youve been right all along, buy gold. Well, you know, we do have the inflation. Inflation is when they create the new credit. You know what happened to the monetary base, it went from 800 to over 4 trillion. So its sitting there. It is the environment, the confidence factor of sort of circulating this money. So they dont have to inflate more but, yes, i agree with you. We are going to see a lot more, and the word stagflation is going to crop up, and all of a sudden theyre going to discover maybe its not brand new. Maybe we have had inflation in stocks and in bonds, weve had inflation in medical care, inflation in education and just i think one of the reasons why trump did so well is that people are suffering, they dont have good jobs, but the cost of living is going up, and nobody will listen to them. Nobody will believe them. They say, or oh, theres no inflation so you dont get a cost of living increase. I think that is the problem. I think weve had a lot of inflation, more than theyll admit, and were going to get a lot more. Stuart one last one. Im told youre not wildly keen on gary johnson. May i i ask you, did you vote for him . Will you tell me . Well, am i obligated to . Stuart no. Im not obligated to, obviously. No, i did not vote for him. Stuart okay. Now you got me in all kinds of trouble. [laughter] stuart did you vote for trump . But i didnt vote for donald trump either, so im in trouble there too. Stuart did you vote for hillary . Oh, i dont think so, no. Stuart you wrote in ron paul, didnt you . Well, no. Maybe the right the last name was right, but stuart knew it, knew it. [laughter] its always a pleasure to have you on the show. Youre very popular, and were very glad to have you here. Thank you, sir. Thank you, stuart. Stuart all right. We hear george soros is holding closeddoor meetings with major liberal donors as well as nancy pelosi, elizabeth warren, Keith Ellison and union bosses. Whats he planning . Happening now in washington, d. C. , theyre going to try to reset themselves and figure out how to beat back Donald Trumps 100day plan, protect obamacare and win midterms. Nothing on the agenda of how do you win back the working class voter and the forgotten man on your side, nothing about creating more jobs. In fact, theres criticism leveled at the elite of this party right now. You are donors who are disconnected, you live in coastalties, and you coastal cities, and you made big mistakes with this campaign, a lot of assumptions, and you lost. And, apparently, they havent learned their lesson. Stuart apparently not. They just dont get it. If anything, to your point earlier in the broadcast, theyre heading more to the left. Stuart it sounds like it, it does. Its the destruction of the democratic party. It would never behave like this up until 2008. It was never like this before, the democrats. They are in serious identity crisis right now. Stuart all right. Now look at this. The super moon, yes, it is the largest moon that we see and more bright too since 1948. Its there somewhere. There it is. Stuart ooh, look at that. Gorgeous. Stuart i watched it last night. You can watch it again tonight when it will be actually even bigger than it was last night. You wont get another chance until the year 2034. Hope you dont miss it, because it really was spectacular. A powerful magnitude 7. 8 earthquake hit central actually, it hit the south island of new zealand, damaging roads, buildings. Two deaths reported. Hundreds of aftershocks as well. Its the countrys largest quake since the christchurch quake of 2009. Well bring you more as it comes in. And donald trump says hes open to keeping two items from obamacare in whatever Health Program he creates. Well deal with that. But first, heres what he said about the transition from obamacare. Theres going to be a period, if you repeal it and before you replace it, when millions of people could lose were going to do it simultaneously, itll be just fine. Were not going to have, like, a twoday period or a twoyear period where theres nothing. It will be repealed and replaced, and well know. And itll be Great Health Care for much less money. Im Nicole Petallides with your fox business brief. Right now the dow is up five points. Weve seen the back and forth action, today less so, but we were up 86, down 14, right now the dow is up 5 and the nasdaq down 26, the s p 500 down 3. We do see a record today though, lifetime high for the Dow Jones Industrial average and the russell as well. S p winners and losers, were watching harmon closely, that stock is soaring about 25 . Regents financial also a winner, this is on, obviously, president elect trump coming under pressure. Siemens deal, mentor is moving higher, siemens pulling back. Twitter gaining slightly down moving into that one, and the retailers, some of the names to watch this week as they report their quarterly numbers. It was always just a hobby. Something you did for fun. Until the day it became something much more. And that is why you invest. The best returns arent just measured in dollars. Td ameritrade. See me. See me. Dont stare at me. See me. See me. See me to know that psoriasis is just something that i have. Im not contagious. See me to know that. I wont stop until i find what works. Discover cosentyx, a different kind of medicine for moderate to severe plaque psoriasis. Proven to help the majority of people find clear or almost clear skin. 8 out of 10 people saw 75 skin clearance at 3 months. While the majority saw 90 clearance. Do not use if you are allergic to cosentyx. Before starting, you should be tested for tuberculosis. An increased risk of infections and lowered ability to fight them may occur. Tell your doctor if you have an infection or symptoms. Such as fever, sweats, chills, muscle aches or cough. Or if you have received a vaccine or plan to. If you have inflammatory bowel disease, tell your doctor if symptoms develop or worsen. Serious allergic reactions may occur. See me. See me. See me. On my way. Find clear skin. And a clearer path forward. For a different kind of medicine, ask your dermatologist about cosentyx. When you replace it, are you going to make sure that people with preconditions are still covered . Yes, because it happens to be one of the strongest assets. Youre going to keep that. Also with the children living with their parents for an extended period, were going to very much try and keep that. It adds cost, but its very much something were going to try and keep. Stuart okay, im going to repeat this, he will retain two items of obamacare; you can keep your children on your plan until they are 26, and you cannot be dropped for a preexisting condition. I want more on obamacare and its future with betsy mccoy, the author of beating obamacare, a frequent guest on the program who has literally tried to beat obama [laughter] for the last five years. And by the way, donald trump said both of those things way back in february. So this isnt something he suddenly has come up with. Stuart every single one of our viewers want to know how will donald trump get Monthly Payments down and deductibles down . How does he do that . Okay. So obamacare tries to ram together two groups of people, healthy young people in the individual market, right . And chronically ill people who needs ten times more health care. Its like trying to force a chihuahua and a great dane to pay the same price for food, right . Stuart okay. So its, obviously, a bad deal. The other way to do it, the House Republican method and whats likely to come out in the next few weeks is this we will require Insurance Companies to provide Health Insurance for people with preexisting conditions but allow them to charge a higher price. And then ask everyone in the country, not just the small group of individuals, to subsidize it with their tax dollars. That means that premiums in the individual market could come down as much as 30 or 40 because right now chronically ill people are pushing those premiums way up. They need ten times as much health care as a healthy person. Stuart you split apart the chronically ill from younger folks it was such a ripoff. Stuart youve got to subsidize this group, the chronically ill, theyve got to be thats right. But dont force this little group of people to subsidize them, ask the whole nation to subsidize them. Stuart young people, less chronically ill, they will be paying lower premiums, lower deductibles, theyll be paying for their own health care instead of paying all that money in to take care of very sick people. Stuart thats, thats okay. That, i understand. But goodbye to the individual mandate, goodbye to the jobkilling employer mandate, goodbye to the onesizefitsall, washington knows best Health Benefit package. Stuart youve been lugging that thing around for five years its almost gone. [laughter] stuart betsy, thanks very much for being with us all these years. Yes. Stuart youll come back, i know you will. Youve explained it well. The premiums will be going down. Stuart thats what we want to hear. Thanks much. Now, lets have a look at this big tech selloff. The dow is now up about 20odd points, but have you seen how far down theyre going . Facebook, 114, microsoft, 57. Look at amazon, down 18. Alpha get google al a that bet google, down i think its nuts. Moneys pouring out of this, do we really think that bulldozers are the way forward . Maybe, but tech is still leading the way. Buying opportunities, i think. This is all based on the fact that Donald Trumps going to hurt the supply chains in asia in particular, its going to hurt these companies. Also theyre going to have to bring manufacturing back based on his campaign promises. But overall, look, apple is still the number one mobile device maker in the world. Facebook still dominates the entire world in social media. 1. 7 billion people. To me, this is way overdone, and big tech is one of the Major Driving forces forward. So jump in and take, take some bargains. Stuart ooh, watch out. Ashley web isster [laughter] maybe youre right, i dont know. Should i buy some more microsoft . What changed in one day that all of a sudden these stocks are no good . Stuart donald trump won. And Silicon Valleys at war with well, boohoo. They still have tech lobbyists. Youre on the menu, and these guys know it. Stuart if trump lowers the Corporate Tax rate from 35 to 15 , these guys could bring back a couple hundred billion dollars and do you think europe will enjoythat . Just being facetious. [laughter] stuart that can sometimes be good. [laughter] how about this . A mea culpa from the New York Times . Dead set against a Trump Presidency, but now saying its going to rededicate itself to honest journalism. Well be back. Approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement insurance plans, they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. 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Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Stuart well, well, the New York Times has issued its readers an a apology of sorts. Heres how it reads we aim to rededicate ourselves to the mission of times journalism; that is, to report america and the world honestly, without fear or favor. Ash, is that that would be a nice change. No. Listen, it was like a pyongyangstyle approach from the mainstream media, promoting Hillary Clinton. Now that the, god forbid, the worst thing happened for them, having to backtrack now. Theyre getting hurt in the pocketbook, their reputation is in. Shreds, and that, as an apology, is pretty poor. Stuart doesnt go enough near it. All right, ive got another one for you. Cbs getting criticized for sitting on a sound bite of donald trump from the 60 minutes interview when he told his supporters to stop it. Cbs sat on that. Just roll tape for a second. Theyre harassing latinos, muslims i am so saddened to hear that, and i say stop it. If it, if it helps. I will say this, and ill say it right to the cameras, stop it. Stuart they sat on that, right . The interview took place on friday. Cbs being criticized, why didnt you use that and show that quote that donald trump said that . And then the other side is saying, wait a second, donald trump can take to facebook and twitter and say that, he didnt do that. But its interesting cbs was previewing this interview but didnt use this quote that could have maybe calmed the waters. Stuart absolutely. The man turns to the cameras and says stop it, directly referring to threats made towards muslims and latinos, and he goes to the camera, he says stop it. Doesnt play to the narrative. Stuart no, it doesnt, precisely right. Its a big message to give. Stuart it certainly is. It was rather forcefully delivered. On friday. Stuart yeah. Other than that, i thought the 60 minutes interview was very good. Stuart conciliatory, and the mans tone has considerably changed. A week ago, last monday, we were still in the middle of the election campaign, right towards the end of it, he was still a little sharpedged which you have to be, but now hes showing the kind of leadership that we all hoped he could. Stuart its a different trump. Different tone, different approach, not one of anger, but one of more calm leadership. Stuart weve got some live pictures of a protest to show you, this is silver springs, maryland. It is an antitrump walkout at, of all places, a high school. Can you tell me that this is not out of control . Its out of control. These are High School Kids out of school, marched out deliberately trying to block traffic. That is a high school in the United States. Wait a second, ive got another shot coming up here. I think weve got a shot, is this from los angeles, justinen . Okay. Momentarily well show you los angeles where theres a walkout to, some sort of protest, and theyre waving mexican flags. I dont know what the situation is exactly, but thats los angeles. Again, i think that was one of the biggest mistakes that latinos made. Very early on too. Stuart very early on. We were ranting about that when there were mexican flags of a donald trump presentation rally waving a mexican flag as a red rag to a bull. Dont do it. There it is, mexican flag. More varney after this. Stuart well, a couple of big stories weve been following for you. First of all, Donald Trumps appearance on 60 minutes last night, it was relatively conciliatory. The other big story is financial. Those big name tech stocks which we have covered very thoroughly way down again, im talking serious selloff in big tech. It continues. My time is up but, neil, its yours, sir. Neil thank you very much, were keeping track of those two protests in los angeles and silver springs, maryland. Theyre mostly by High School Students, most of them not even legal to vote, but they are arguing to stop donald trump in his path and try to make their locales sanctuary cities to protect illegals who might be in these communities. Donald trump has already promised to deport up to three million illegals, that is down substantially from the numbers he originally talked about, 1115 million illegals who might already be here