November 30th, 24,000. 25,000 this week, well, we are very close. The latest gains are all about tax cuts, the house votes today, it will be a yes. The senate votes later today or tomorrow, yes, looks almost certain. The president could sign it into law on or before christmas eve. Yes, this has been a remarkable story. Weve had a frontrow seat to financial history. What a ride . Get ready for another big day, we are running right at 25,000 and Varney Company is about to begin. We are moments away, literally from white House Homeland Security adviser tom bosset holding a briefing. He is going to publicly blame north korea for the wanna cry cyberattack that crippled Computer Systems around the world. We are going to watch this to see if calls it act of war, important, ashley. Ashley very important. This virus that link back to north korea went out on may 12th, computer worm with ransom ware. More than 200,000 and ep crypted the encrypted the data and the ransom part, you pay us money and you get data back, they hit hospitals, obviously you can imagine the damage done there but north korea considers these types of attacks lowcost, highimpact and as sanctions are being piled on the country, they increasingly have gone to cyber warfare, we know what they did to sony pictures, they did this on an even bigger scale. Stuart we shall see about that one. More, of course, lets get to your money. The president tweet, stocks and the economy have a long way to go, thats interesting forecast if you look at it. After the tax cut bill is finally understood and appreciated in scope and size and immediate expensive will have a big impact, biggest tack cuts an reform ever passed, enjoy, create many beautiful jobs. Looks like the markets like that. S p expected to open alltime high. Steve cortez with us now. Close to 25,000. I hate to be a wet blanket, why not take some money off the table, take your profits, sit tight, go away for the holidays and relax and enjoy it, why not . No, listen that might make sense as old adage in wall street that you buy it and sell the fact. Maybe its prunt here to take some gains. I have the to tell you, if there are markets to the economy, those are pullbacks to buy. The outlook is so rosy, Merry Christmas with beautiful tax cuts as the president to unwrap in 2018. To me the most significant part is repatriation of capital, allowing trillions of dollars trapped overseas andshore them to the United States. Immediate business expensing. The stock market has done fine but the real economy hasnt because companies have not been invented in cap x, new technology, hiring, that will happen in tax code and itll be glorious in 2018. Stuart thats what the president tweeted about. Bring it back to america. It will come back, even if they dont bring it back, they will be taxed on it. They will bring it back. I think that goes primary to Bigtech Companies and i think that money filters down basically to the shareholders in the form of higher dividends or buybacks, what say you on big tech . No, i agree, and what will the shareholders do with it, they are going to spend it and 70 of our economy, lit el over twothirds is consumer related. We need to embolden the American Consumer. Thats already happening. Dont take my word for it. Look at walmart stock, the run its had. Open up over 99, near 100. That stock was in the 60s when donald trump has elected. It has gained twothirds just since election. Walmart to me is one of the best barometers of what main street is up to. When walmart is doing well, generally, the American Consumer is, its great news. Stuart full disclosure, are you an owner of walmart stock . I am not, sir. I wish i were. I wasnt smart enough to buy it. Stuart steve cortez, everyone, thanks for joining us, we will see you again, sir. I have to get to north korea, they publicly blamed north korea for the wanna cry cyberattack. Judge napolitano is here with us, is it an act of war . The constitution requires the federal government to protect the states and the people in the states from an invasion. Obviously founders didnt think of this kind of invasion, but using electronic means they entered our geographical space and reck havoc, did they destroy buildings and kill human beings, no, is the question is this sufficient to justify a military response, the answer is probably know but certainly sufficient to justify some sort of an inkind response. Stuart okay. Could we pinprick a military response to destroy the hardware that they used to trigger the virus, follow me, probably yes. Probably yes, but the killing of human beings would not be justified legally and in my view would not be justified morally. Stuart interesting question. I think it will be debated today. We will find out in a few minutes just how much harm it caused. Stuart will they use that expression, act of war. I hope they dont. If they they do, they need to define it, define what they mean by it. If they mean by calling it act of war, lets say he says that, triggers the president to use force and that in my view would violate rules of war and several treaties. Stuart Andrew Mccabe testifies today, the andy in peter stroks message where he said, he couldnt take a risk of trump win. I know that you and i disagree in the interpretation of this. Yeah. Stuart give me the big picture. The really big picture. At the end of this week, is President Trump closer to being in really serious trouble or is it closer to being vindicated . I dont know the answer to that but i do know at the end of this week he isnt closer to this being over. Mueller expects staff to be employed through 2018. Stuart next year . According to Washington Post and not been denied. Stuart what . Im sorry to say the president s lawyer have been lulling him into a sense of security. Here we are in christmas heating up. To Andrew Mccabe, im furious that this is behind closed doors. Democrats will come out to give their version of what he said and the American Public is treated like children that we cant watch this testimony or at least read a transcript of it. We are entitled to know what mr. Mccabe did with the power that was given to him as the number two ranking official in the Justice Department and how he accounted for that power and we may never know that except by whats leaked. Stuart im appalled that they will drag this all the way to 2018. Thats a total fishing expedition. It is. Process that is slow. We are watching a jigsaw puzzle being put together and irritated when we see a piece here and a piece there and we cant see the connection between. Stuart political fishing the way Law Enforcement works. They cant get everything they want when they want it and takes time to connect the dots. Liz can they get the tax returns, the president s tax returns . In my opinion no unless they know something that we dont know, they have to go to a judge and get a warrant for that. Stuart all right, judge. Do you share my anger that this is being done in secret, this interrogation of Andrew Mccabe . Stuart i want to know whats going on. Its not political or ideological. What has he done in our name . Stuart thank you, judge. Check this out, please, boeing showing off a new electric powered vertical takeoff and landing plane. Its under wraps. Ashley thats not it by the way, thats a scale model. [laughter] stuart ashley, they are saying this thing could be gamechanger. Ashley lowing is saying this. We have seen black coat over some sort of aircraft but its believed to be basically a kind of a hair dryer technology, we have giant fans in the wings, much like the jump jet, this will be able to take off and land and could be revolutionary according to boeing and they will letting us know later today what the aircraft is, some people say could be electric plane. Stuart if its electric, where do you get the power from . Ashley we will wait for boeing to tell us. Stuart thank you, ashley. We have a president ial candidate being investigated for, yes, colluding with the russians, it is jill stein. [laughter] stuart details coming up. The green berets, allowing unqualified soldiers to graduate the program, green beret veteran reacts to that. Disney unveiling robotic President Trump and hall of fame exhibits. Watch this. Its a privilege to serve as the president of the United States, to stand here among so many great leaders of our past and to work on behalf of the American People. Stuart how about this for tesla, ups ordering 125 of their electric semitrucks, thats the largest order to date, could be worth, what, 25 million, walmart and pepsi among other Big Companies that have ordered electric rigs. President trump layed out America FirstNational Security policy on monday, roll tape. Any nation that trades away its prosperity for security will end up losing both. That is why this National Security strategy emphasizes more than ever before the critical steps we must take to ensure the prosperity of our nation for a long, long time to come. Stuart all right, joining us green beret, nate boyer. Good to see you. How long do you think it gets our military back in the shape that it should be in . Well, thats a constant battle. Its part of the job, its difficult, so many moving parts, so many different teams out there. Im speaking from a special forces perspective. Stuart seems like we are so far behind and weve had a fourstar general on this program saying that, you know, 30 to 50 30, 40, 50, 60 of combat planes are not on active duty, so to speak because we dont have the money to train pilots and pay for jet fuel, is it going to be years before we come back to a point where we are comfortable and military can give us the security we need . I dont think itll be years, necessarily. First of all, we are the most powerful military in the world either way you look at it and we have its a special place here where people have willing to volunteer and sacrifice lives to defend this land, so i dont think thats going to be an issue. Im confident we will figure it out, we are very good at that, our military is number one at adapting and overcoming. Ive got all the, you know, confidence in us. Stuart nate, the green berets are in the news, what do you make of this report, is it accurate . Its a tough situation and in some ways it could be. It may be, from an enlisted mans perspective, those training out on the ground, on the field are almost all enlisted. First of all, one of the last places you want to be in the time of war is in the schoolhouse coaching and training, so theres that from that side of things and sometimes, you know, as they should be they are making it difficult for candidates to pass through. But from perspective you are trying to raise the number of green berets that we have out there, sometimes adjustments are made which may look as though those are standards being dropped and it causes that rift between the Commission Officer side and the enlisted side in the schoolhouse and, you know, i wish we would keep the stuff inhouse, i dont think its safe and smart to let it go too public with this but at the same time we should do everything that we possibly can to keep the standards as high as theyve always been. Stuart nate, real fast, i was watching a trailer about a movie about green berets in afghanistan on horse back right at the beginning of the war of afghanistan, youre the star of the movie, arent you . I am not the start of the movie. Chris hemsworth is the star of the movie. Its a great story. The movie is called 12 strong. Its about the green berets, they went in on horse back and built this alliance. Just to show you how capable we are not only as green berets but military, i have all the confidence in us and, you know go, see that movie, check it out how it all began after 9 11. Stuart i will, guaranty. We are the same military, we have the same men and women fighting. We will be back, dont worry. Stuart i have my tickets already, nate, god bless you. God bless you, stu. Stuart latest on amtrak crash, the train was speeding, i5, extraordinary corridor not yet reopened and President Trump says this is the reason why we need to fix our broken infrastructure. More varney after this. Stuart derailment in washington state, ash, first question, i5 reopened . No, not on the southbound side. They have the clear the wreckage, they have to look at the roadway to see if it needs repair and the overpass is in good enough condition that its stable but foreseeable future shut. The black box on the back rear engine, this train was speeding, had no positive train control on the track. Thats been an issue remember after the philadelphia crash. Mechanism that will slow down a speeding train. Its called the angel on the shoulder in the industry, it was not in plane on this rail line. Stuart right after it occurred, President Trump was on on twitter and this is what he tweeted out, the train accident in dupont, washington shows more than ever why our soon to be submitted infrastructure plan must be approved quickly, 7 trillion spent in the middle east while our roads, bridges, railroads crumble. Not for long. When that came out right after the accident, what does the rest of the media say . Liz hideous reaction attacking President Trump from cnn, how dare you bring politics right now into this. The president did tweet out his thoughts and prayers for the families, here is the thing, why dont you do this reporting as ash was pointing out, this was the first highspeed voyage. Amtrak was doing this for the first time. Locals in the owns around the track were saying, hey, wait a second, can the track handle highspeed trains, it cannot. Basically they were saying we were warning you guys about this for months and fell on death ears. The speeds were based on modeling and not ashley they went ahead with it. Liz if you want to do Infrastructure Spending, you have to give the schedule of highspeed trains for the local towns, First Responders to be able to respond if theres an accident. These towns didnt have that from the federal government. So get the reporting done on that if you want to do Infrastructure Spending and the effect of local towns. Sorry, im fired up. Stop attacking the president. Hes trying to do the right thing here. Stuart 4 and a half minutes away from the opening of trading in wall street. Itll be a doozy. Remember we are only 207 points away from dow 25,000, watch history unfold. Stay there, pleasement we will be please, we will be back. Alerts wouldnt you like one from the market when it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Fidelity. I just finished months of chemo. But i dont want to talk about months. I want to talk about years. Treatments have gotten better, so. Im hoping for good years ahead. Thats thanks to Research Funded by the American Cancer Society. The same folks giving me free rides to treatments, insurance advice,and a place to stay during chemo. I need that stuff like you dont know. And now that you do, please give. Call 18004164357 today. Your contributions to the American Cancer Society fund valuable research but thats just the beginning. A cancer diagnosis can kick off years of challenge. And thats where your donation truly shines. You help us fund free rides to treatment. A live 24 7 help line, free lodging near treatment centers, and even efforts to expand access to insurance. So, please donate today at cancer. Org and help attack cancer from every angle. Stuart 20 seconds to go to the tradings session on tuesday morning, 207 points away from dow 25,000. Liz mcdonald sitting right next to me, we are going to hit it, we are going to hit it, 25,000. Liz e hope i hope we might. Stuart 5, 4, 3, 2, 1, we are opened for trading, 207 away from 25,000. Where are we . We opened up 39. We are up 40. Any advance on 40 there . Okay, okay. 45. 57. 57 points higher. This is for the benefit of radio listeners. 52 we are up. 24,841. We are up a quarter of 1 to have dow. Liz im optimistic. Stuart show me s p, thank you very much, indeed. We are. 16 . Broader indicater although its at record high is only up 4 points. How about the nasdaq, did that open lower, yes, it did. Down a tinny fraction. Remember yesterday it went above 7,000 first time ever. Liz wow. Stuart we have to check bitcoin. Give me a price, down 700. How about that . Down 700. Bigtech names, all of them on the downside first thing tuesday morning. We have to check the Parent Company of olive garden, that would be garden restaurants, they gave rosy outlook and they are up 3 . Ups ordered 125 of teslas electric smi trucks, biggest order so far, tesla stock is up on the news and ups is up 20 cents, there you have it. We only have one or two good rallies for us to get to 25,000 on the dow. Are we going get there today, tomorrow or when . Joining us Ashley Webster and elizabeth mcdonald, john and so is mike murphy. Okay, thousand make some money for the holidays. You sell your stocks now at the profit, take the money, sleep well over the holiday weekend, whats wrong with that, murph . Great plan, stu, you to decide when you are going to get back in or what are you going to do with the money to make up for returns you have seen in the market, number two, more importantly you will pay taxes, unless you believe theres a pullback coming that youre going to know when its coming and when its over, you will get back in, avoid paying the taxes, stay on the market because for the last 100 years the market has gone up 3 out of every four years. The odds are in your favor. John layfield, would you take your profits . Always sell when youre ahead. If you go with history like mike is talking about, 30 years ago, s p is 270, its up