7. 2trillion. Thats how much the value of all stocks has gone up since the election of donald j. Trump. Thats why we call it the trump rally. We are already seeing more gains from the Big Tech Companies closing at record highs last friday. The big five are going to open mostly higher again this monday morning. Pay very close attention to amazon. The super cold weather for the last two weeks has surely helped them. Who wants to go outside in subzero temperatures . It was minus 13 at my farm yesterday. That has helped founder jeff bezos to increase his fortune. Hes now worth 103 billion. A half hour from now, no sell off. The dow closed friday just shy of 25,300. Well stay right around this level when the opening bell rings. Monday, january the 8th, Varney Company is about to begin. More fire at trump tower in new york city. Ashley well, fire and furry, and it had nothing to do with a book. Apparently its a electrical fire on the cooling tower. As you can see from this video. It was first reported about a secret Service Agent who looked up and saw smoke coming out of the top. No smoke inside the building. No one inside. Theres a luxury apartment and businesses in there. No smoke inside. No one evacuated. Two minor injuries reported. One more minor than the other. Why this happened, no one knows. But its all out now and everyones okay. Stuart all good. Thank you very much, indeed. Amazon, that is the story of the day amongst individual corporations. I want to bring in market watcher scott martin. Scott, i have a couple of points in amazons favor. Let me lay them out for you. The cold weather surely very good for online shopping. Two, warehouse prices doubling, thats thanks to this surge if twoday shipping. Three, amazon we hear is premier soccer streaming rights. And one more, they have plans to put alexa in even more devices. This adds up for a series of pluses for amazon. What do you say . Yeah. Look at that. You promise me a couple and gave me four. And speaking to an englishman, i have to know my audience here, i think its the premier league issuance, my friend. My best friend is a Big Premier League fan, which makes me a big fan. And its the one sport that continues to grow, especially in the u. S. In the fall, stuart, we had two games that went over a Million Viewers in the u. S. Amazon is behind those other sports that theyre taking on. The warehouse thing is very interesting because a lot of these steps if you look at major metropolitan areas chicago, new jersey, los angeles, las vegas, they dont have the space for these warehouses. So how the Warehouse Development goes is an interesting take for how that happens amazon and walmart. Stuart now, i have amazon crossing 1200 per share. They gained nearly 20 last friday. Do you have a target price on amazon . Oh, gosh. How high do you want it to go . We own it, stuart, as you know. Weve owned it for a long time. Weve told viewers that this is a great growth story for the u. S. Going forward and thats why it should be in your portfolio. Lets say in the 12month period i think amazon could get near 1750, maybe 2,000 on the high end. You talk about this on the lead end there, everybody was sitting on amazon because of the cold weather and the bad weather and the bomb cycle that you had a week ago out there. But i tell you what. Full disclosure if its warm outside, all i did was take my ipad, iphone and go spend on amazon outside. Stuart yep. Got it. I want to talk about the overall market real fast. Its still flat, but were right there in record territory. We have President Trump tweeting this morning. The stock market has been creating tremendous benefits for our country in the form of not only recordsetting stock prices but jobs, jobs, jobs. 7trillion created since our big election win. Are you still a buyer of this overall market at this point . Week one in january . I am. Im out of cash, though, unfortunately, my friend. So im waiting to get more money and therefore putting it in. Stuart hold on a second. Let me jump in. So if you could, you would buy some more. You think its going to keep going up. There is inevitably going to be a pull back. Would you buy on that pull back . Absolutely. And if you do have that cash in the sidelines, its probably good to put some in today and then leave a little scooch available for something that comes as far as a pull back. But youre right. If youre looking for areas that are going to rally hard this year, i think its the same areas. Tech, industrial, health care, financials, those are our top four forget 2018. Stuart all right. Stay there, scott. Well bring you back when the market opens. The next case, the author of fire and furry, wolf says the 25th amendment is live every day in the white house. The 25th amendment would allow the president s cabinet to remove him from office. Roll tape. This is alarming in every way. And then this is a little 25th amendment. So 25th amendment is a concept that is alive every day in the white house. Stuart all rise. Judge napolitano is back with us, and hes live on the set with me. All right. Judge, welcome to the program. Thank you. Stuart the 25th amendment does allow for the removal of the president. Is it germane to this case. I cant imagine that it is. It surely wasnt allowed wasnt written because you dont like the president s personality or temperament or tweets or means of communication. It was written for lets say the Woodrow Wilson situation. President wilson had a stroke. Totally, totally disabled. Mrs. Wilson was effectively the president of the United States. Were this to happen after the 25th amendment, it would permit a simple majority of the members of the cabinet. Stuart yep. To declare the president disabled and to make the Vice President the acting president until the president declared himself ready, willing, and able to resume the powers of office. If theres a dispute between the cabinet and the president and congress decides, but it would take twothirds of congress to keep the president out permanently. Something extraordinarily extreme and extremely unlikely in this environment. Stuart so why are they bringing it up . Theyre hating him so badly, theyre desperate to get something on him to bring this up. If michael wolf is speaking truthfully, then hes listening to people. This is dangerous for donald trump. In the west wing who dislike him so much, they are discussing im going to use a dangerous phrase here a legal coup. Thats what theyre talking about. We dont like him. We dont believe him. We dont trust him. We want to invalidate the election and get rid of him. If what michael wolf is saying is true that theyre talking about this in the west wing. Not in congress, in the west wing. People who work for the president who have been hired by the president. If theyre talking about it, its dangerous. Stuart are they just interpreting off the cuff comments about his attention span. Yeah. Stuart or his style of government. I think so. Stuart and moving that forward towards mental instability. Yes. Stuart which is a leap and a half. Yes, it is and i doubt that any of them is competent to address mental instability. Look, stuart, i as you know have spent a lot of time with him. Hes a character. He has a very big personality. He cuts you off. He answers his own questions. He changes the subject a lot. Hes five steps ahead of everybody else. Thats his personality. The American Public was familiar with that personality before they elected him. Stuart and hes also winning. The economys doing well, the stock markets rallying, deregulation is in place, we have a Foreign Policy. The democrats cant stand it, so they trump up this erroneous and ridiculous idea that hes unfit to govern. I find it ridiculous. I was 17 when this amendment was enacted, and i railed in high school against this provision that allows the cabinet to make this determination. Stuart it was enacted february the 10th in 1967, according to the copy. How old were you in 67 . Stuart you will be back in the 11 00 hour. I shall. Stuart good to be with you. Good to be with you. Stuart wait a minute im reading the prompter. I cant believe it. No more reclining seats on british air way flights. What . Liz now, you wonder if they should rename themselves budget airways because thats about the amount of leg room you get on these flights anyways. Stuart its not all flights all the time. Liz 35 new planes will have a gentle recline in the seat instead of the seat in front of you ending up in your lap. This airline has already gotten food and drinks. This is economy class. The theory is that this will go industry wide. Theres leg room more, people get mad about leg room in flights. No, this is about cramming more seats into planes. So profits and sales have been going up for the airlines. Their market value has trebled in the last six, seven years. Ashley british airways. Liz budget airways we should call it. Stuart for economy, flights four hours or less. Liz in europe right now. But who knows. It could go industry wide. Stuart misleading headline, i do believe. Partner with uber, vw, theyre going to develop driverless car technology. Thats a stock thats more than doubled in the last year up another 2. 5 this morning. Wild scene at new york city airport. Flooding the baggage area at jfk terminal. That is is shut down for several hours. Lots of unhappy travelers. My daughter arrived home safely, i am pleased to say. We were worried about that. Next, florida congressman matt gates, hes a republican. Fan of President Trump, but he says the plan to open up drilling of floridas coast is catastrophic. He will make his case after this [ phone rings ] hi, tom. Hey, hows the College Visit . You remembered. Its good. Does it make the short list . You remembered that too. Yeah, im afraid so. Knowing whats important to you. Its okay. This is what weve been planning for. Thanks, bye. Thats whats important to us. Its why 7 million investors work with edward jones. My business was going nowhere. So i built this kickin new website with godaddy. Building a website in under an hour is easy 68 of people. Who have built their website using gocentral, did it in. Under an hour, and you can too. Type in your business or idea. Pick your favourite design. Personalize it with beautiful images. And. Youre done and now business is booming. Harriet, its a double stitch not a cross stitch build a better website in under an hour. Free to try. No credit card required. Gocentral from godaddy. Stuart heres a reversal for sure. Kohls, the Department Store, theyre looking ahead, they say their profit situation is going to be pretty good, and their holiday sales were up at stores open at least a year. Now, wall street says thats same store sales. I dont want to get the buzzer but look at that. Kohls who would have thought. Up 7 this morning. Up 4 at 58. A reversal of retail ice age for kohls. The white house wants to allow offshore droning all around the United States, including offshore florida. Our next guest is not happy. Congressman matt gate is a republican from florida, a trump supporter who opposes this. Matt, welcome back to the program. Good to see you. Good to be back on, stuart s. Stuart may i make three quick points. If there is drilling offshore florida, it wont be in state waters. It will be over the horizon. Number two, norway has been doing this offshore drilling for generations and still pristine. Number three, if florida allows this, you will get billions of dollars of revenue going to that state. Why oppose it . Ill grant all three of those arguments and counter this. The in gulf of mexico today, we have the premier testing for missile systems. The same missiles we use in syria and airtoair scenario we may use with a near peer adversity. General goldstein, the chief of staff of the air force has said is totally incompatible with drilling, then we may limit our Foreign Policy and military policy where the premier would be shut down. Thats why im convinced President Trump will be drilling out of the gulf. Stuart is that your main reason . I have not heard of that before. I thought it was because of the danger of spills on beaches of beautiful florida. But its a military thing to you. It is. Plenty of people make the environmental tourism argument. I think those arguments have some credibility. But to my the most important thing is our nations defenses and there is not another place on planet earth where were launching things over water and then landing them on land. The Largest Air Force base in the world is in my district, and it is a critical area for this type of testing ammunitions. So in florida today, weve been able to achieve the great balance of prosperity with a military mission that contributes 10 of the entire gdp to the state of florida. And then obviously, weve got the environmental impacts of it that are very favorable to our state. But most importantly, we have to make sure that we dont surrender capabilities that we could never get back essential to our military. Stuart well, that was an originallal point, and we thank you very much for bringing that up. Thats interesting. I have to ask you about the Justice Department investigation into hillary as you know it proceeds a pace. This is all about pay to play politics. While hillary was secretary of state. Is this the moment where hillary is directly linked to some form of criminal activity . Well, absolutely and theres a key distinction here in process, stuart. Previously you had james comey, andrew mccabe, and others taking investigations of Hillary Clinton out of the hands of the local field offices so that we didnt have an investigative outcome, we had a politicallydetermined outcome to clear Hillary Clinton. Now we have according to reports the little rock field office. The actual investigators empowered to go and look into the uranium 1 deal and also the general bribery allegations where people were giving donations to the Clinton Foundation in exchange for favors from the state department. And this isnt just revenge, stuart. Weve got to make sure that those bribes didnt result in activities that are on going today to erode our nations interest. And thats why these investigations are so critical and why congressional oversight is essential to ensure theyre not interfered with. Stuart matt gates, thank you very much for joining us this morning. Appreciate it. Thank you, stuart,. Stuart two big stories out of the Golden Globes. Nearly everyone wore black in solidarity. It was a statement against Sexual Harassment. Plus, Oprah Winfrey, she made a big splash. Now shes getting buzz about a possible president ial run. Youll hear it all. Youll see it all on more varney after this 2018 marijuana is finally allowed and Sexual Harassment finally isnt. [applause] its going to be a good year. Stuart all right. Golden globes host seth meyers poked a little fun at hollywoods Sexual Harassment problem. Almost every actress showed up to the event wearing black. That was the way of raising awareness against Sexual Harassment. Whats your judgment, liz, on overall performance . Liz i think its braise for women to show up in black. I thought it was terrific because it is so hard to get rid of the power structure as it exists in hollywood. It is male dominated. I was surprised that Harvey Weinstein was not called out more. Only seth meyers called him out. He also call out kevin spacey and President Trump. What was missing, though, were the true heroes who called out Sexual Harassment. Rose mcallen, ashley were not by thanked by anybody. They were sitting there should have been thanked by men and women. I will say that Barbra Streisand is saying no woman has won since 34 years ago. Stuart the other main point was oprahs performance and theyre talking about her now running for the president. Ashley she almost stole the entire show. She was given the award, spoke about civil rights and the me too campaign. She gave a terrific speech. Got a standing ovation. Seth meyers basically was joking that this is our future president because he had said a number of years ago at a white house components dinner looking at donald trump he wasnt fit to be. The. He said look at how that worked out so looked at oprah saying youre not fit to be president. However, nbc tweeted nothing but respect to our future president. There you go thats from nbc. Now, question is her long time partner told the l. A. Times, look, its up to the people, but she would absolutely do it. Stuart good. Ashley so that has spread the speculation. Stuart now, i was expecting an antitrump dire tribe from several of the winners. Didnt happen, did it . Ashley no. Stuart it was all sex harassment and oprah running for. Liz such a severe problem in hollywood for decades. Stuart sure is. All right. Listen to this about gopro. Reportedly cutting hundreds of jobs from the drone division. Well have more on that later. But the stock down 4 . About a being to 7 a share. How are we going to open that market this monday morning . Ever so slightly lower. A Minor Leagues retreat from the al alltime highs that we reached on friday afternoon. What a day its going to be. Back in a second i tried hard to quit smoking. But when we brought our daughter home, that was it. Now i have nicoderm cq. The nicoderm cq patch with unique extended release Technology Helps prevent your urge to smoke all day. Its the best thing that ever happened to me. Every great why needs a great how. Monday morning and were about to set forth on another week in the stock market. Let me remind you on friday afternoon, the dow closed with a gain of another 220 points. It closed at 25,295 almost at 25,300. Who would have thought . Couple of week ago were languishing in low 24,000 i hear the bell a ringing. I see him clapping and applauding and bang, it is 9 30 off we go were up 12 points still is up 12 point okay up 9 p