Up, big tech. Theyre made the running theyve made the running all year, they are still leading the charge even higher. Abc news in deep trouble. Friday they put out a false report that sent the dow plunging 350 points. The reporter, brian ross, has been suspended, but many investors lost money. The president thinks abc should be sued. The Mueller Investigation, thats in trouble. Now we find a trumphating fbi agent on the mueller teamc plad a key role in hillarys email probe. Peter strock played a key role in the russia investigation. Can you say politicized . Can you spell bogus . It is monday morning, and trump is winning. Varney and company is about to begin. The stock market, i think, is going to have a very big day based on the massive tax cuts that were very much in the process of getting approved. But based on the vote we had last week, the stock market has been reacting unbelievably well. The only to thing that hurts it is the fake news. [laughter] stuart bomb righthand corner of your bottom righthand corner of your screen, President Trump talking up the markets before he got Onboard Air Force one enroute to utah today. Were going to be up at the opening bell, 220 points plus. New records across the board at the opening bell. Im going to show you this again, big tech names promise to open higher, all of them across the board, significant gains. Theyre already at or near records, theyre up again this morning. Its the samec story with the g bank stocks. They got favorable news on regulation last week, way up last week, way up again. Joining us now Fox News Contributor scott martin with kings view Asset Management. All right, key question. 25,000 by the end of the year or by christmas . Which is it . Oh, gosh, stuart, im guessing by christmas. You asked me this question last thursday, and i think you thought i was crazy, but my goodness, as weve seen the tax cut getting pretty much final approval, this is going to drive stock prices higher. And i think into the end of the year were going to see dow 25k. Stuart okay. Lets be clear here. This is all about the passage of the tax cut deal through the senate very early on saturday morning. Thats whats propelling this market this morning, correct . Absolutely. I mean, youre going to have corporates, stuart, that are going to have more of their own money to do with it what they want, stock buybacks, dividends and probably hiring as well. So when money is going to be in the coffers of the corporations here in the United States instead of the hands of the government, thats why youre going to see the s p 500 go up. Stuart okay. This is a big deal, weve got to tell everyone about it,c cvs agreeing to buy aetna, 69 billion deal. I take it this is mainly a response to amazon. Is that correct . Just like everything is these days, isnt it . Yes. Ill tell you what this does in a couple ways, it actually makes one wonder if this hastens the deal between, say, walmart and humana. It allows folks to get more access to health care, preventative care, education with respect to their own health care and maybe even more transparency when it comes to cost and certainly quickness if you go into one of these, say, minute clinics at cvs versus the long waits at your doctors office. Its got to get approval. Weve had problems with Health Care Consolidation in the past. Well see be this one gets through. Stuart did you just say Walmart Humana . Ive not heard about this. Are you speculating . I am, stuart. They already do some Work Together on the Prescription Drug side, but i believe thats going to put pressure on walmart to compete. Theyve got a lot of stores out there, they want to see a lot of people walk in there for Health Care Costs, theyre already doing shopping there stuart do you own walmart or humana . We dont, but were looking at taking a positionc in walmat sometime soon if they do a humana deal. Stuart youll come back later when we open. Now, the market really swooned on friday morning after abc reported about michael flynn. It was later retracted, but the market went straight down. President trump tweeted this people who lost money when the stock market went down 350 points based on the false and dishonest reporting of brian ross at abc should consider hiring a lawyer and suing abc for the bad the damages bad reporting cost. Im smiling because this is america, you can see anybody [laughter] the question is would it be frivolous. As you know, many, many factors affect the stock market. The oh interesting problem is what did brian ross know when he made the statement. Did he believe it was true . Did his sources mislead him . Did he inadequately check the sources or adequately check them . For him to be insulated from liability, the report doesnt have to be true. Rather, it cant be knowingly false, and it cant be prepared with reckless disregard to whether its true or false. Stuart c but you can sue his managers who did not take the right steps to make sure that it was true. Presumably they didnt, because theyve admitted they [inaudible conversations] they said they didnt. [inaudible conversations] or it would be very difficult to tie the decision of the managers to a stock market loss. The loss has to be foreseeable at the time the inappropriate behavior took place. Stuart ah, you lawyers [laughter] tweaking around, come on. Stuart, this principle of law will defend us one day. [laughter] stuart whats in the background here . Whats whats going on with all this, this heres what troubles me deeply. When the fbi interrogated general flynn, they already had a transcript of his five conversations with ambassador kislyak. So what was the purpose of the interrogation . Probably to do what they did, trap him into lying. What would be the purpose of that . To interfere with Donald Trumps presidency. What would the fbi gain birdies lodging general by dislodging general flynn from the white house in the first month of his tenure there . Why would they be wasting time asking somebody about a ck ersation when they had a transcript stuart so it is a politicized investigation, political targets. There are elements of politics to it. Im not so sure this guy, stroke, is as bad as people are saying. Were talking about one antitrump or prohillary text. If they become advocates for a political cause, they have to get off the case. Bob mueller recognized that, jim comey did not. Stuart all right, judge, well see you later, im sure. You got it. Stuart the sausage making, it comets. Tax reform now moves through Conference Committee. Joining us in new york congressman, the right honorable rod blum, republican from [laughter] the always right. Stuart the always right, yes. [laughter] congressman, welcome to the show. [inaudible conversations] right honorable mr. Varney. Stuart here we go. What changes do you want to see . I dont think its going to be a rewrite of the whole deal. Its going to be tweaking. What would you like to see tweaked . I agree, great question. Its going to be tweaking. And i agree with art laffer, one of the architects of the reagan tax cuts. The biggest mistake they made in 81 with reagan was they delayed and 83. This caused businesses to not make purchasing decisions. It impacted peoples Decision Making because, for tax purposes, it was delayed. And this caused the recession of 82 and 83. So let us not delay the Corporate Tax cuts until 2019 which is in the senate bill. Stuart you think you can do it . Absolutely. We do not need a recession next year. We need the economy to take off. January 1st, 2018, Corporate Tax. All these cuts should take effect. Withholding going down in personal paycheckings. Stuart how do you do that . You have to talk to your employer, dont you, so you do get a bigger paycheck january 1st. You sign up for the number of exemptions you have, but the they automatically change. The Payroll Department will do that. We need these to take effect 2018. Why wait . Stuart can you do it . The proven prosperity model is back. Every time its tried, it works, so why wait . Start it january 1st. Stuart have you guys got the clout to make those changes . Well, it is the senate. We have a saying in the house, stuart, the senate is where good ideas go to die. [laughter] so i cant guarantee anything. But i think they will listen to reason,c theyll look at histo, and theyll see what happened with reagan. We do not need a recession, especially with the stock market anticipating gains as it is. Stuart what do you think of the timetable here . It really has speeded up dramatically. Its got enormous momentum going for it right now. Were going to get this thing signed, sealed and delivered before christmas . Absolutely. Christmas eve President Trump will be signing this on his desk. I tend to be an optimistic kind of guy, im a Small Business person, but i absolutely believe that. In washington, d. C. Tonight we vote in the house to go to conference to iron out the differences between the senate and house bill. Stuart thats right. The house is in session a day early, so you leave this studio in new york, you fly down to washington drive down. Im a conservative republican. [laughter] on a john deere tractor . Stuart yeah. John deere tractors are made in this gentlemans i do have a john deere tractor, but im not driving that back. [laughter] stuart congressman, its a pleasure having you in new york. Good luck on the drive. Thank you. Stuart big guest coming up later on the program this morning, Kellyanne Conway, counselor to the president. What does she think about her boss being targeted by abc news . Well ask her directlyc around 11 30 this morning. Our military holds drills in south korea showing off more than 200 of our biggest, baddest military planes including two dozen Stealth Fighter jets. Big show of force against north korea, and the North Koreans call that a prelude to nuclear war. Listen to this, politico making the case for Chelsea Clinton to run for senator in her former home state of arkansas. Mike huckabee, former arkansas governor, he will respond, and well be back. His late 50s right in the heart of the financial crisis, and saw his portfolio drop by double digits. It really scared him out of the markets. His advisor ran the numbers and showed that he wouldnt be able to retire until he was 68. The client realized, i need to get back into the markets i need to get back on track with my plan. The Financial Advisor was able to work with this client. Hes now on track to retire when hes 65. Having someone coach you through it is really the value of a Financial Advisor. Stuart broadcom is a chipmaker, its ts first step today towardsc a hostile bid to take over its rival, qualcomm. Both stocks up. Now this politico floating the idea that Chelsea Clinton should run for senate in arkansas if senator tom cotton is, in fact, heading for the cia. Mike huckabees with us, former republican governor of arkansas. What do you make of this, governor . Well, first of all, tom cottons still in the senate, hasnt taken another job are, so thats the first impediment to her becoming senator from arkansas. The second one is that chelsea hasnt lived in arkansas since she was 11 years old. Shes been gone for almost 25 years, has never voted in arkansas, has never owned a home or even rented an apartment or had a drivers license in arkansas. But i guess if hillary can move to new york and three months later become the senator from there by changing her zip code, look, she could become a candidate. Could she be elected . Theres as great a likelihood that Chelsea Handler would get elected in arkansas right now as would any other democrat. [laughter] stuart okay. I think we can dismiss that. I think the clinton clan is pretty much out of the political business, but thats just my point of view. A more serious question, governor. Thec mueller aide fired for antitrump texts now facing review for his role in the clinton email probe. His name is peter strock. Im not sure how to pronounce it. I think this is a politicized Mueller Investigation and, therefore, bogus. What say you . Stuart, im just, im toned and im disappointed stunned and disappointed that you would think that someone who has been so openly antitrump working for the fbi, that that would somehow influence his, his whole approach to the investigation. Stuart, youre going to have to get out more and not be so cynical. [laughter] no one else in america would see that connection. No one. And believe that it smells as bad as you think it smells. Except for every other american whose nose works, for gosh sake. Of course thats ridiculous. [laughter] and its absurd that that stuart but its not going to stop it, is it . Look, its not going to stop it, governor. Im sorry to interrupt you, but look, i am im not being cynical can, im being realistic, i think. I do think its bow bus at this point bogus at this point, but i dont think its going toc stop. I dont either. And the tragedy is that if you look at all of the people that mueller eventually or ultimately hired, many of them were donors to hillarys campaign. I find that incredibly troubling because if you have people who have already determined with their own dollars, their own checks, their own money that they took a side in the election in a very controversial, divided election, then i dont see how in the world you could ever say that they are totally objective and detached from the political maneuvers that this investigation could lead to. I think its tainted. Look, ive said it very clearly, we need to investigate the investigation. And if congress doesnt have the doesnts and if the doj under Jeff Sessions doesnt have the guts, then as a country the justice for all of us is essentially over. Stuart all right, governor. Important stuff here. Governor huckabee, thank you very much for joining us this morning. Hope youre an investor, because were all looking pretty good right now. Thanks, governor. Well see you again soon. You bet. Stuart sports fans, the Supreme Court hears arguments on a case that could lead to legalized sports gambling all across the country. Theyll hear those arguments today. Andc again, gotta look at those futures. We are going to be up and then some this morning. The dow will add, what, 200odd points right at the opening bell. You want to put a smile on your face . Check your 401 k . More varney after this. The moment a fish is pulled out from the water, its a race against time. And keeping it in the right conditions is the best way to get that fish to your plate safely. Bacteria can multiply to high enough levels that even cooking it will not destroy all of them. Its definitely the most important thing in my business. How fresh is the fish . Where it comes from . How it gets here. The more i know, the better. Sometimes the product arrives and the cold chain has been interrupted, and we need to be able to identify where in the cold chain that occurred. We took our world Class Network and we developed devices to track environmental conditions. This device allows people to understand whats happening not only with the location of that asset, but also if its too hot, if its too cold, if its been dropped. Its completely unique. We ship fish, beef, poultry, vaccines, insulin. This is about monitoring and protecting everything we ship. I catch all this amazing, beautiful fish and then once its out of my hands, i have no control over what happens to it. If you have a sensor that can keep track of your product, it keeps everybody kind of honest that way. Its really all about the network. You are looking at trillions of transactions a year. Not too Many Companies in the world can even scale to that type of volume. Who knew a tiny sensor could help keep the food chain safe . Food has to be fresh. Its that simple. Stuart today the Supreme Court hears a case that could, could legalize sports gambling all across the country. Not just nevada. Whats going on . Yeah. 25yearold federal law prohibits Sports Betting to nevada and three other states. I didnt know this. Oregon, montana and delaware. But new jersey is challenging it saying this is an unfair intrusion of states rights by the feds. So theyre going to go to court and say you need to open this up to the rest of the country. Whos the main opposition in this . All the main sports franchises, the nba, hockey, football, ncaa. They say that this leads to, well, corruption and scandals and, therefore, they say it shouldnt be allowed. Supreme court will rule on this by june of next year, but it could generate a massive amount of money for states. Stuart all right. Seven minutes from now the market opens, ands going to opec sharply higher. Heres what we call the futures, thats a way of looking towards the opening bell and seeing how were going to open, ask were going to open up all across the board. E. Mac, im going to repeat that, weve got records here six and a half minutes from now all across the board. Yeah, all across the board. The dow could see its 80th record close today since the election. This is the first synchronized Global Recovery we have seen in eight years. We could see four straight quarters of 3 growth. Certainly, the markets are cheering the businessfriendly tax overhaul. And you can see how hard wired the market is to President Trump when the false abc report came in and we closed marginally, fractionally to the downside. We did retrace. But we could pop today, bigtime. Stuart by the looks of it. I want to tell everybody that last week, it was on wednesday that we first time crossed the 24,000 sorry, the yeah, the 24,000 mark. And i said to ash, when are we going to hit ash, and you said . Next tuesday. Stuart thats right. And we all laughed. And were pretty darn close if we go up big today. Were not laughing now. Stuart see howc close we get o 25,000 when the opening b