Been near 0 and feds been printing money like never before jay powell has to unweekend that without damaging the economy. Lets see how that Opening Statement is being received on the stock market. Fairly well, dow industrials and the s p 500 and the nasdaq they will all open ever so slielgtly lower. Remember, this follows two day of gigantic tbains. Theres other news, fedex will not join the boycott nra movement that is intimidated several other Big Companies and the state of georgia threatens to take away a sales tax benefit from delta if that airline continues its nra boycott. The state to play is this, boycott that will be hashtagged boycott nra as politicized business. And it is trying to silence anyone who supports Second Amendment rights. And then theres the nfl. Commissioner Roger Goodell will reportedly demand 2 million from cowboys oiner jerry jones for his activities during last seasons anthem protests. That is not over. But Varney Company were about to begin. Stay there please. All right lets start breaking news, why not . President trump say hes reefed a deal with boeing for a new air force one plane. Ashley. This was supposed to be a 5 billion deal it initially for two new planes now it is used been in sfts for some 27 years. Theyre actually ordered by Ronald Reagan they immediate to be upgraded apparently now deal is struck with boeing through the Trump Administration to come many 3. 9 billion. Basically saying that the taxpayer going to save 1. 4 billion on this deal the new plane have a new Mission Communication system a medical facility and executive interior and probably a really big wet bar probably. But anyway others on plane probably do. He was short a huge win and a big success. 1. 4 billion less than estimates. What are you doing . Laughing at the wet bar cracks. Not even noon and were talking ab wet bar i think thats thrilling. President has a deal with boeing, saving money on air force one planes. Got it. Next case look at this futures again please were going to open ever so slightly on wall street remember weve received Opening Statement from the new fed chair we know what hes going to say fairly rosy picture about the economies and those small losses today follow two days of gigantic gains. Lets see about macys. They have posted higher profits and look at that stock go. This is a brickandmortar retailer and theyre up nearly 9 on good earnings. 29 bucks assure. Amazon holding above 1500 still way with out there in record territory. And going to stay on amazon perhaps the most Amazing Company in America Today but burt is here a man who coined term retail ice agelet get right at it. Amazon did you say recently on this program, that amazon goes to 2,000 a share by the summer . They said they could and sell a quarter of one amazon position and tboaz to 1770 which is the next stop so another quarter of the position keep half because your listeners have been buying from 500 to 900 a share so still make money. But wall plater is coming on strong with macys rebunged and macys stock thats tough too. I want a bit more on the strategy for amazon shareholders. A lot of people are now in our audience have a sliver of amazon done extremely well. Youre say hag it does go to what, 17, 70, possibly 2,000 so as it goes up, you sell some of your hold physician one quarter of the one quarter each time it goes up because you dont think a 1770 or 2,000 price could hold . It cant it hold because aman is doing well on web services but failing with whole foods costing them a lot of money, and everyone is figured out amazon so walmart combining jet. Com and walmart adding Fulfillment Centers and costly and amazon doesnt have Balance Sheet to get into the price war that amazon started. I want more on walmart. Because last week, their stock went from like 108 down to 9192. It is struggled back to 93 were told they reduced it their investment in online sales. Thats not true . Not true theyre consolidating their investment between jet. Com and walmart. Com. Same. So biggest investments in walmart. Com and 20 years so walmart investing in the future. Best time to buy walmart in years because theyre going to be ultimate winners 10,000 more stories go out of business in the retail ice age sadly in 2018. So your strategy is if youre an amazon holder, hold it but sell little bits of it as stock keep ruing and put that money that youve liberated into walmart because thats where the growth is beginning to be in online and in the retail business. Tfntle not a full position in walmart but establish half a position. We got it. Thanks very much indeed. And who could go on. Kudos to macys blowout earnings. More jobs, more income, people gaining more way macys is selling more apparel comp up 1. 4 new dream Team International business is on fire. Their u. S. Business and gateway cities great merchants ashley, brent, Argyle Nelson and new executive team macey become to be winner for a while. Never gave him up for dead. Macys theyre benefiting from a lot of their competitors filing for bankruptcy and lick liquidation so comcast they have made a 30 billion dollar offer for sky. Challenging the parent of this network, tell me all about it. Simply lees this is a ferocious battle for who is going to own the living rooms and tv sets in europe. Icord cutting considered still kicking kids out of the house but nobody knows what it means over there. But this is a big push between Comcast Disney and and basically you know fox. So whats happening now is you watch the price action sky is up nearly 20 disney and fox are under pressure premarket. This is a bit for the 23 million customers that sky dominates paid tv in europe and english premier soccer league. Rupert wanted 61 that does not own 25. 8 bachelors degree bid there we have a 31 billion deal an now Comcast Brian Roberts is saying i would offer to coown o sky so long as comcast owns majority it have. Theres a titanic battle between rupert and Brian Roberts for control of sky tv. Thats correct. The door way to pay tv in europe. And that youre here, these titans opportunity of massive growth there. There you go. So but the u. K. Regulated a block box of support. And guns, President Trump says, he will get rid of bump stocks himself if congress doesnt come in. Fox news contributor charles is with us with washington 250eu78s as well hows the president handling the aftermath of the shooting . Seems like hes turned, turned this situation into an ongoing if i say Tv Reality Show thats wrong its a town hall but a town hall held in the white house. Isnt it . It really is. Stew, i think that its one of the things that i find most appealing about the president. You know, he sits there. He saw the town hall that cnn held which turned into just a embarrassing debacle for a lot of people. It this president refuses to feed grungd to anybody he wants to control and have some part in in shepherding this debate through. And so he doesnt see control of these things but brings them into the white house for every one of those cnn things that weve seen that ting went horribly off the rails you see one of the things in the white house where youve got reasonable people not to say theyre very passionate about it. They have their beliefs and theyre some of the parents are absolutely stricken. They want to do something and they want to do something practical and do something. They want to do anything to prevent something this horrible if from ever happening again. And i say kudos to the president. But one with of the things i dont agree with him on everything that hes said about what he wants to do. You know, banning bump stocks whatever. These are rudimentary devices that evil people will be able to recreate. In home workshops very easily. So i dont agree with all of the particular. But in terms of showing the left and showing supporters as well, that hes not the caricature that the left makes him out to be instead hes very reasonable. Hes very practical hes not partisan. He really does want to come up he wantses to fix they thinks. And thats how what got him elected i think it will bode very well for him going forward. Not ideological but what can can we do . For the first time in my memory of covering politics, you have somebody coming to a situation and we see it with immigration as well. He comes to it from a completely nonpartisan practical approach and again, with immigration i dont agree with what hes proposing with immigration. But its just so refreshing to have somebody that breaks the mold of all of the idiotic yammer back and forth in washington where everybody tries to politicize everything. And nothing ever gets done. Exactly. Exactly. Its entirely politicized and nothing is done along comes a nonpolitical nonideological president and we get something done. What a contrast what a difference that is charlie so sorry a big news day so cutting you short but well see you again real soon. That you think, sir. Check those futures again we already know what Jerome Powell will say with his opening public statements today in about 50 minutes time. Hes going to paint a picture of a rosy economy we dont know how far, how fast interest ritz are going to rise. But market hads responding thus minor declines for all three indicators. New york state quietly working on a plan to stop a cyberattack that could cripple wall street. Well tell you what theyre doing to prevent a massive hack on our Financial System. News on apple, there are reports that is getting ready to lawfnlg three new iphone model it is this year. All based on the 10 our favorite tech watcher gene coming up later this hour on that. And Unmanned Aircraft not just for the military one Aerospace Trade group says pilotless passenger and cargo planes could become a 30 billion business in 20 years time. Theyre talking mammoth drones. After this toipght repeat interesting news we broke right at the top of the hour. President trump has made a deal with boeing two new air force one planes which will cost a taxpayer 3. 9 billion thats a savings of 4 billion this come up during the transition then president elect trump call thed the cost of air force one program out of control. A little gee wiz tech for you. The explosive growth in the Drone Industry in next ten years joining us no is chief eric banning, eric, are we talking about giant 747s that take off, they fly without a pilot nobody onboard the huge drones. Is that what youre talking about . Were talking about that. Well get there eventually. What we just issued a Market Analysis first of its kind that looks 20 years into the future and shows how much innovation and technology is coming out of the or after Aerospace Industry today and a thousand jobs not even in 20 years expect to be 30 billion a year and 60,000 new jobs. The big players in this will be the existing Aircraft Companies i take it beauings of this world. Right . Theyll be a part of that but a lot of new companies that are in this space its a tremendous boom in technology and innovation and what were seeing in aerospace. Not so much of the building of the plane thats going to get the businesses. Its the writing of the Software Code that runs the planes computers. Thats where the growth is. Thats where the opportunities and small or companies right . Theres plenty of opportunity for Smaller Companies youre right it is not just plans themselves but technology that goes into these vehicle. The report points out the potential road blocks the innovation thats coming out of the industries, is about to outpace the regulatory or structure weve got even the infrastructure and so we have to as a country and think about how we regulate differently. Currently the regulation regulatory system is focused on safety as it should always be. But its not designed to deal with the amount of craft that are going to be in the air space even today. Or o the pace of innovation that were seeing coming out of the industry. Do you deal in commercial drones are you looking at that . I mean, i have property out in Rural America i can see getting fedex amazon u delivery by drone that will be very easy and very cheap i think. Youre looking at that kind of thing as well . Thats what this report is focused on. Commercial, large scale is uaf. Unmanned aerial systems. Cant you fly a jet liner now without the pilot . You have to take off and land with a pilot i got that. But if im traveling new york to california, doesnt a computer take over soon after ive taken off . You have a pilot in the cockpit, and for a long time even with these Unmanned Aerial Systems safety concerns i think theyll still be a human somehow in the vehicle. But i suspect by the 2040 wool be seeing large vehicles carrying cargo and carrying passengers without pilots onboard. With the 2040 so youre looking at 20 years from now youre going to have giant drones with no pilot onboard. Interesting. It would be a slow replacement but it will happen. Okay. Eric thanks for joining us sir, we appreciate it. Interesting story to the future. Got it our real drama, as nfl commissioner Roger Goodell reported to getting ready to hit the cowboys on at jerry jones for a multimillion dollar fine for conduct detrimental to the league yes we will have that story for you. Its a good one too. Back in a second. Attention homeowners age sixtytwo and older. One reverse mortgage has a great way for you to live a better retirement. Its called a reverse mortgage. Call right now to receive your free information kit with no obligation. It answers questions like. How a reverse mortgage works, how much you qualify for, the ways to receive your money and more. Plus, when you call now, youll get this magnifier with led light absolutely free when you call the experts at one reverse mortgage today youll learn the benefits of a governmentinsured reverse mortgage. It will eliminate your monthly mortgage payments and give you taxfree cash from the equity in your home. And heres the best part. You still own yohome. Call now take control of your retirement today you better take a look at oil. This just coming to us from the International Energy agency. They say we, that is america, we are set to become the Worlds Largest oil producer as early as this year. That mean, with well produce more than saudi arabia there already and more than russia biggest output of oil in the world from america more on that couple of minutes. 63 box barrel is the price now this. Nfl commissioner Roger Goodell reportedly wants millions of dollars from Dallas Cowboys owner jerry jones spell it out m so leagues team owners goodell saying jerry jones crossed line when he threatened to sue six members of the nfls Compensation Committee to given goodell a fiveyear 200 million contract. Jones at the time said, hey wait a minute this guy very best deserves maybe incentive based contract because time dont forget ratings were dropping. Nfl had this huge controversy with players kneeling during the national an they will and jones was also upset that hes runningback to Dallas Cowboys has been given a six game suspension for Domestic Abuse charmings. So he was furious. He since back down from suing but in the aftermath of all of this the owners pressuring to say look we immediate to get money become to legal charges imposed bids jerry jones. Fng all right liz who do you think really damaged football . I think its Roger Goodell is critics say because he didnt stop the onfield protest. He could have said to Football Player you can protest that in my kroo phone well supply you outside the stadium or off the field dont bring it on your work place which is the field. So lew holtz said that so roger a contract hes now saying you have to cover our two Million Dollars in legal cost for this fight with you. But really the, this this football protest not come at the worst possible time for the nfl league when streaming is coming on full bore. People cutting the cord. What a mess absolutely mess. Extraordinary thing for goodell to do. I want two Million Dollars off you because you are hes gaining in the year from the other team owners who didnt like what jones did. Thats the the problem for him. Football suffers case closed. What happens next season going to do this begun . Good question. Ad lib what prompter said ab lid future and opening bell i can do that. Down about 20 odd points the dow industrials. Down 4 from the s p. 4 for the nasdaq i think it is going it a pretty flat opening to the market this morning. Even though i think weve gone up 7800 points opt do you in the last two trading sessions how about that. Stay with us please, that bell is a coming. [applause] ladies and gentlemen if i say this is fed day, please do not turn your Television Sets u off. It is fed cay, it is porpght for the market and believe me, were going to make fed day entertaining. Just wait until you hear from Maxine Waters. [laughter] believe me it is going to be fun. Boom here we go. It is 9 30 eastern time on this tuesday morning. Whatever, i cant remember and were and were running mildly okay. Two points up 6 points up. It is an even split winners and losers on the could dow 30 but m line we did not open lower as the futures indicated with actually opened just a fraction higher. Is it the same story on the s p .