Tuesday morning, down another 400 points yesterday. The dow will drop a little bit more at the opening bell today, down maybe 60 points. With the s p and nasdaq also moving down. It is a down day. With this volatility, however, who knows how we are going to close. The president leaves for pennsylvania later this morning. Hes talking energy. Pennsylvania allows fracking which helps america become independent. Neighboring new york does not. When he leaves the white house in the 11 00 hour, he may speak to reporters. You will hear what he has to say. Are you just a little worried about your 401 k . Yeah . Stay there, please. Advice for investors coming up. Varney company is about to begin. Stuart just getting this. President trump tweeting on china. Here it is. Through massive devaluation of their currency and pumping vast sums of money into their system, the tens of billions of dollars that the u. S. Is receiving is a gift from china. Prices not up, no inflation, farmers getting more than china would be spending, fake news wont report. Well on that, lets bring in jim awad, our market watcher. Jim, hard line on trump right there in that tweet that just came through. So i ask the question, look, if youve got a hard line on china like this, why shouldnt i just sell my stocks and our viewers, too . Why not just sell and run for the hills . Well, because you can only get onesixth on your bonds, 1. 6 , shortterm rates are going to go even lower than they are now. 60 of the stocks in the s p yield more than the tenyear treasury. You may have a small earnings recession but the u. S. Economy is still growing. The u. S. Consumer will power through, in my opinion, and stocks are 5 cheaper than they were a month ago. So i dont think its a time to panic. Its a time to think longterm. Stocks are on sale, they were on sale last december also. They will probably go down a little bit more shortterm, the shortterm news is not good, but thats how you make money longterm by buying quality Growth Stocks when theyre under pressure. Stuart okay. Thats worked over the past ten years for sure. What about the hong kong situation . It does look like a confrontation of sorts is coming up and if there was a confrontation, if it was bloody, i dont think the market would take it very kindly, would it . I dont think we would get a trade deal afterwards, either. Yeah, well, in the short term, the market wouldnt like it. The market doesnt like uncertainty. It doesnt like conflict. It would postpone the trade deal which looks like youre not going to get anyway. But i hate to say this, but the stock market is really about money and economics, and they may side briefly for the people of hong kong but as long as it doesnt affect the u. S. Economy in a major way, i think it will be a dramatic news event, sad one for the people of hong kong, but it wont affect the u. S. Economy longterm. The trade issue is complicated. Its not a positive and its starting to weigh on business, starting to weigh on consumers, and thats why you are getting stocks are getting cheaper but in the long term, the u. S. And china do have to figure out a way to coexist, to compete and coexist and whether its this president or the next one, there will at some point be a Mutual Understanding and china will grow and the u. S. Will grow and it really doesnt pay to get too emotional shortterm. We will work our way through this issue. We will readjust our supply lines. Dont count out u. S. Consumers. Dont count out u. S. Companies or we will work our way through this and it really does not pay to get emotional and to sell when other people are selling, its really a time to identify the companies you want to own and buy them as stocks are under pressure. Stuart jim awad, Little Hand Holding for investors, we appreciate that. See you again soon. Thank you, jim. Staying on the markets, i want to bring in former Kansas City Fed chair herman cain. Herman, has the fed any choice but to lower rates aggressively from here on out . They have no choice. But whether they do it or not is another issue. For all of the reasons that jim just mentioned, are the reasons that the fed ought to lower rates. China is playing a stalemate game with the United States. So i agree with the administration. We cannot yield to what they are trying to do, but as jim pointed out, there are all kind of reasons not to panic. Yes, there is going to be some shortterm volatility. But theres longterm is where people ought to be looking right now because of the uncertainty and because of conditions jim shared with you in the earlier segment. Stuart you dont think the fed will be pushed into lowering Interest Rates when europe across the board is negative, japans negative . You dont think we are almost forced to lower rates . I believe that they should be forced to lower rates because of the reasons that you cited. I just dont know if they are going to do it. They have shown stubbornness in the past. So time will tell as to whether or not they are going to look at all of the metrics that jim talked about, all of the metrics we see around the world as to whether or not they are going to take some action. We dont know. We have to wait and see. Stuart lets move to politics, the election. Listen to Kamala Harris confronted on health care in iowa by a 91yearold woman. Roll tape, please. We are all paying for health care for everyone. Its an emergency room. [ inaudible ]. Okay. I dont intend to mess with your medicare. I want to make sure your health care is the way you like it. I promise you that, okay . I wont mess with the health care that you have. Stuart that was a confrontation. Herman, you heard that. You talk to people. Youre in the financial world. Youre in the political world. Do people really want medicare for all . No. They do not. This is the message and the line of the democrat president ial wannabes. The people i talk to all the time across this country, they dont want medicare for all because they know what some of the traps are. I experienced it recently when i had to sign up for Medicare Part b. Heres one of the traps. You have to pay for Medicare Part b and they adjust your premium based upon your income. Another trap. Part a and part b simply do not fill the void. Thats why people have to buy supplemental insurance. Those are some of the traps that Kamala Harris along with the others are not being honest with the american people. That lady is 91 years old, knows more about medicare than Kamala Harris. Stuart i just dont think americans want another upset to the overall medicare medical system in america. Herman, thanks sgroirfor joinin. See you again real soon. Moving on to the Jeffrey Epstein case. One of the people monitoring him reportedly not a trained prison guard. More . Ashley not a fullyfledged correctional officer. Apparently this isnt unusual in this facility. The correctional facility in downtown manhattan. Because theres just severe Staffing Shortage that leaves a lot of gaps when it comes to supervision, including, we understand, Jeffrey Epstein. He had been taken off suicide watch and put on what they call special observation status. That meant he may need to be checked every 30 minutes and he had a cell mate at all times. Turns out the cell mate in this case was transferred and no one else was brought in, and he was not checked on every 30 minutes. Thats one issue. Also, part of the stories that are coming out, one which i find interesting, is he was consulting with elon musk on the s. E. C. Battle he was having, remember last august musk was, that funding secure tweet led to the whole thing. A reporter for the New York Times says he met with epstein in new york and had a long chat with him and said he was helping musk find a new chairman and also investors into tesla. Since that time, of course now musk is saying absolutely not true, i didnt have any contact with Jeffrey Epstein at all. The bigger issue is how the heck did this happen, how was he able to apparently hang himself in his cell and that is being looked at from the very highest authorities right now. Stuart was it incompetence or was he given the opportunity to kill himself . We can get into that. Ashley lot of questions. Stuart weve got this just coming at us. Charlie gasparino, fbns Charlie Gasparino reports that cbs and viacom have agreed to merger terms. A formal announcement is imminent. Both stocks down just slightly. Uber, whoa, did it take a hit yesterday. Down bigtime and down a bit more this morning. Not much. Its down seven cents but its back to the 36 level as we speak. Check the big tech names. They have all come down recently. We have at this moment, lets see, premarket, big tech, yeah, we got them, facebook is down, amazon is down. The only winner on the whole lot this morning is apple and its up just two cents. So another down day for big tech. Check the overall market. Its tuesday morning. We are going to be down at the opening bell, not that much. Big drop yesterday. Modest decline today. Now then, forget new york. Forget los angeles. Some of the hottest housing markets are in the middle of the country. Like boise, idaho, grand rapids, michigan. Whats behind that trend . We will ask tarriq elmoussa. Hes on the show next hour. Cnn is defending chris cuomo after this video is released showing him going off on a man who heckled him in a new york bar. Wait until you hear what set off this very angry confrontation. We will play it for you. And President Trump confirming reports that a nuclearpowered Cruise Missile exploded during testing in russia. Ominous indeed. More varney, were just getting started. All right brad, once again i have revolutionized the songwriting process. Oh, here we go. I know i cant play an instrument, but this. This is my forte. Obviously, for Auto Insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Stuart another day of canceled flights at hong kong airport. Protesters brought it to a standstill again. Bring me up to speed on the latest. Susan so hong kong is the eighth Busiest Airport in the world, so they see around 1100 cargo and passenger flights that land every day. They have canceled checkout once again checkin for a second straight day and you cant fly out, no departing flights. This is basically getting at the heart of economic disruption in the city because if you cut off one of the transport veins, this is the main artery, can you imagine how that disrupts business . We saw the airline that operates out of hong kong, the main one, down to a decade low. Another selloff on the market. In fact, down 11 since the protests started. As you see, with the increasing violence, u. S. Companies and Global Companies operating in hong kong also instigating these contingency plans as well and canceling some of the events they had planned in the city. Stuart if they occupied not occupied, but disrupted the airport again, whats the chances the hong kong authorities, police or army, i suspect it would be the police, just clearing the place and ending it . Susan they have tried and they will try, probably with more hard line tactics and probably increasing violence stuart confrontation. Susan rubber bullets and the like. Stuart could end badly. Susan lets hope not. Stuart susan, thank you. President trump confirmed reports that a Russian Nuclear missile exploded during testing. He issued this tweet. United states is learning much from the failed Mission Missile explosion in russia. We have similar though more advanced technology. The russian skyfall explosion has people worried about the air around the facility and far beyond. Not good. Walid phares is with us, Fox News National security analyst. Were they really developing a missile that could strike anywhere and evade radar . Was that what theyre up to . You know, this is not even a secret. They were a few months ago claiming that the mother of all missiles that no one in the world quote unquote, can stop, they are developing. Im not sure of the idea this was a missile but what we are worried about is this was a nuclear incident, accident, and any kind of accident that involves any Nuclear Device is not just a problem for russia. It becomes immediately a worldwide problem. Remember chernobyl. Stuart is this putins chernobyl . Look, this is basically what the Russian Military complex produces, but president putin will be very very concerned, first of all, at home and first of all, within his own military, if such an incident occurred and can occur in the future. Stuart it seems like the anxiety level is rising all the way around the world. Whats going on in russia, hong kong, china, venezuela is still a communist society, cuba still is. North korea fires off missiles. Anxiety all over the world. Whats going on . Look, from a global perspective, whats happening is that the old systems are now afraid of whats coming into their future because of technology. I mean, take a look at hong kong and china. China was thriving but has remained a communist regime. It become a capitalist communist regime, it cant work, then you have hong kong which is really a Free Market Society and its psychological, posing an economic challenge to china. Thats why demonstrations may impact Mainland China as well. Stuart is President Trump part of all of this . Is President Trump one of the problems . Actually, he has inspired many people, is inspiring many people around the world by being firm with regimes such as iran and being firm with regard to isis, being firm with china in terms of negotiating the markets and finances. That is inspiring people to demand more freedom. Actually, the american model has been inspiring many societies around the world. This is not new. We saw what happened in the cold war. Stuart real fast. From americas point of view, does this end happily . I think its going to end happily if there are no major incidents like the one that occurred in russia. What concerns me is some sort of nuclear defect somewhere. Other than that, societies are, because of social media, because of technology, moving forward. They want exactly what we have, what we are offering. Stuart thank you very much, sir. We will see you again soon. Thank you. Stuart better take a look at futures this tuesday morning. Big drop on the market yesterday. Very modest decline expected 11 minutes from now. How about roku . I have been calling it the stock of the year. Next, we talk to someone who says if you want to invest in the streaming business, pick roku and forget about netflix. We have that person on the show. New video shows chris cuomo going on a profanitylaced rant after a heckler called him fredo. You will see it here. Weve got it all on this program. This was me before liberty mutucustomized my car insurance, so i only pay for what i need. And this is me now any physical changes to this mans appearance are purely coincidental. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Stuart strong opinion from a wall street analyst who says you want to get into the streaming business, roku is a better investment than netflix. Laura martin is with us. Laura, make your case. So we think that roku is an aggregator, just like youtube is an aggregator, and therefore, it doesnt really mind whether disney wins or netflix wins or it doesnt care who wins. It gets 20 to 30 of revenue from every Single Service and that is different than netflix versus disney, where consumers are going to have probably to decide between the two, whether they want to pay 7 for disney or 13 a month for netflix. Stuart well, thats a pretty straightforward case that you are making there. I can see the logic to it. But would you buy are you recommending investors buy roku at these very lofty prices . I think its up, what, 200 , 300 this calendar year . Yes, it is up 300 . It is our top pick this year. I would say yes, because we estimate that youtubes value is 200 billion and rokus value is 14 billion and we do think thats the right comparable. Stuart fascinating. Laura, you have the unique ability to make your case in 25, 30 seconds flat and we all understand it. Good lord. What are you doing . You should be in broadcasting. Laura, thank you very much indeed for being with us. We take note of what youve got to say. Thank you very much. My pleasure. Stuart roku, buy it. Got it. Check that market. Weve come back nicely. Earlier this morning i saw futures pointing to a 100 point loss. Now it is a 30 point loss for the dow industrials. Stay there, please. We will take you to the opening of wall street momentarily. We trust usaa more than any other company out there. 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