Up about. 75 . Strong profits, positive news on trade, an expanding economy with full employment. This is why stocks are headed up again this monday morning. This stock, though, is not. Mcdonalds. Its ceo, Steve Easterbrook, has been fired. He broke Company Rules by having a consensual relationship with another mcdonalds employee. No details on that, but hes out. The stock had doubled under easterbrooks tenure. Today it will be down about not as much as it was earlier but it will be down about 1. 5 . Quite a drop to 190. Heres another stock in sharp decline. Under armour. They just reported what i think was solid profits, but investors are worried about an ongoing accounting investigation. Big drop, down 14 . Big change at airnbn. No more party houses. They will develop a Rapid Response team to handle incidents like the one on halloween in california, where three people were shot dead. Airbnb wants to go public sometime next year. Stay there, please. We have a big monday morning show for you. Theres a lot going on. Varney company is about to begin. Stuart you know, overall, that was a pretty warm welcome at Madison Square garden. A lot of the media focused on some of the booing. That was when he attended the ultimate fighting championship in new York Saturday night. Okay. We are done with that one. Look at the market, please. Look at futures. We are poised for fresh records across the board this monday morning. Jack hough, barrons guy, with us now. I think the ufc fight, they were saying booming stock market. Stuart stop it. Stop it. They were cheering the guy, okay . I heard the cheers. This is a goldilocks economy. Thats why weve got a stock market rally. Where am i going wrong . I think youre right. Everybody will call this the china trade deal hope rally. I heard that 175 times. If we were trading 20 down from where we were when that started i would say maybe. The stock market is hitting new highs. It is a goldilocks situation. Not too hot, not too cold. When you look at gdp, the number is uninspiring, the growth, but as long as its positive and not too hot, we keep Interest Rates low for a long, long time and stocks remain the best deal in town. Stuart look, profits are strong. I mean, stronger than expected. I hate to say it, but strong, can we leave it at that. There is positive news on china trade. We do have a full employment economy. Lots of new jobs created last month. I mean, whats wrong here . This is a pretty good situation for investors. Especially stuart wheres the negatives here . Wheres the problems . Well, i can come up with some if you would like me to. I can say well, we are running a trillion dollar deficit. I would like to see some of that money a little better spent right now. I could quibble. But youre right, you know, especially this late into an expansion, things are broadly good right now and theres no reason not to expect this stock market to continue rising. Stuart its going to run for a bit i believe so. Stuart new record highs today but we will run for awhile to come. Stay there, jack. I want to tell everyone this man is on barrons roundtable on the Fox Business Network fridays, 10 00 p. M. Eastern time. Thats not me. Thats the host there. Some people say hes betterlooking. Dont believe it. Stuart i was trying to flatter you there. Got to talk about mcdonalds. Im going to call it the stock of the day. Down in an otherwise up market after firing ceo eSteve Easterbrook over a consensual relationship with an employee. Grady trimble joins us from chicago. First of all, what rule did he break . Reporter well, mcdonalds didnt tell us exactly which rule he broke but there is a Company Policy listed on the companys website that says an employee cant date another employee who reports to them, either directly or this is important, indirectly. Which in the case of the ceo, seems like would be just about anybody. If they do violate that policy, according to this policy on their website, you are supposed to report that to h. R. We dont know the circumstances surrounding this and whether either of the two employees involved did that, but that seems to be the policy that he violated. Stuart let me make sure ive got this right. We dont know whether or not this other person had complained and we dont know whether or not Steve Easterbrook admitted to this and reported this relationship before being fired. All we know is hes fired. Thats all we know . Reporter thats right. We dont know how this came about, whether an official complaint was filed by the other person involved or some other employee filed the complaint. All we know is that hes fired. But easterbrook through his attorney released a statement to us acknowledging that he made an error so he admitted at least to a mistake. Stuart i guess the era of the Office Romance is thoroughly over. Is that right, grady . I dont mean to ask you for an opinion on this. But come on. Reporter i will just say this. I will say this. Rules are rules. When we all take a job these days we sign a Company Handbook and you would assume the ceo of a Major Company signed the same handbook everybody else at mcdonalds signed. Stuart fair point. Well said, young man. Well said. Im sure we will be back to you throughout the day on this one and you know it. You will get a lot of air time, son. Good stuff. Then we have under armour. They reported what i thought were pretty strong earnings first thing this morning but the stock is way down, 13 down. Jackie deangelis, why is it down so much . Jackie good morning, stuart. Its because of under armour is subject to a federal accounting probe and also because in that earnings release, while the eps was that under armour cut its revenue forecast for the second time, cutting its guidance, but lets dig into what is happening here. Its being accused of or potentially probed, as i said, into the shifting of sales from quarter to quarter to appear healthier. So its an accounting issue, where you would book revenues for the Company Earlier than you actually had those revenues. Theres a partial criminal inquiry that would be a part of this. Thats the Justice Department prosecutors, they are looking into it. Then there would be a civil part the s. E. C. Would be looking into. Under armour is saying its cooperating with the investigation and thats what we know right now. But 14 , almost 15 in the premarket to the downside right now, it will be a tough day for this stock. Stuart i think you could say that for sure. Jackie deangelis, thank you. Another couple stocks we are looking at, individual stocks here. Start off with harley davidson. Got a downgrade to whats called under weight, by keybank. The stock is down 1. 7 . Uber, they report their profits this afternoon. In running up to that profit report, the stock is up 19 cents, not much. Nowhere near the ipo price which i think was susan 45. Stuart its 31 this morning. Now we have this. A prodemocracy politician in hong kong stabbed over the weekend. What a development. Susan had half his ear bitten off as well. There are some graphic videos on television where at one point, one of the tv stations actually showed a bag containing half of his ear. His name was andrew chu. This means the violence has increased over the last five months of protests. We also had another organizer who was attacked with hammers and knives recently. Second time hes been attacked. So maybe its a signal to those, the organizers of these ongoing protests now on to five months, those that want hong kongs economy to come back to life are not in favor of some of these ongoing stuart they are going to sign phase one of the china trade deal, that did not impose itself susan dont forget over and over again, they say if they dont adhere to the rules and promises made in 1997, will they stick to the rules and promises made in any trade deal. Stuart fair point. Thank you, susan. Check futures. We are still going to be up very nicely this monday morning. 150, 160 up for the dow. Look at that nasdaq. Theres the index to look at. Home of technology companies, up about. 75 . Next case. Elizabeth warrens 52 trillion medicare for all plan getting panned even by some democrats including joe biden. Shes got a plan for everything. I dont think thats going to work. I think thats a rotten strategy personally but that will be my editorial, top of the 11 00 hour. Plus, when im wrong, im wrong. The popeyes chicken sandwich is a hit. People waiting in long lines across the country to try one yesterday. I still want to know why. We will find out. President trump heads for kentucky for a Campaign Rally tonight. Hes trying to get matt beven reelected. Tomorrows election is a test of the president s popularity. Varney Company Continues after this. As a struggling actor, i need all the breaks that i can get. At liberty butchemel. Cut. Liberty mu. Line . Cut. Liberty mutual customizes your Car Insurance so you only pay for what you need. Cut. Liberty m. Am i allowed to riff . What if i come out of the water . Liberty biberty. Cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Most people think of verizon as a reliable phone company. woman but to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. Virtualize their operations. woman and build ai customer experiences. We also keep them ready for the next big opportunity. Like 5g. Almost all the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. Stuart im going to put boeing up on the screen. 346 per share. Airlines plan to test the 737 max jet without passengers before returning it to service. The whole point, of course, is will passengers want to fly it when it does return to service. Bank of America Corporation accelerating its move from its current minimum hourly wage. Its going to pay between 17 and 20 per employee, thats their minimum wage by the end of the First Quarter of 2020. Okay. Thats from bank of america. Highly contested race for governor in kentucky. President trumps going there to endorse the current governor, republican matt beven. Joining us, marc lotter, Strategic Communications director for trump 2020. The election tomorrow in kentucky and mississippi, gubernatorial elections, is this you regard this as flat out a test for President Trump . No, not really. I think its a test for the voters in those states whether they want to keep their economy moving strongly like we do with the rest of the country door they want to fall back in kentucky, nearly 50,000 jobs have been created under governor beven and with President Trump in office and you have an opponent there right now who is supporting taxpayer funded abortion, supporting sanctuary cities and thats just not in line with the values of the people of kentucky. So this is a decision they have to make. The president is going to go there, tell them what he thinks and i have a feeling they are going to come out, they are going to vote and reelect the governor tomorrow. Stuart what i really meant was, is this really a test of president ial appeal, National Issues as opposed to local issues . The personality, the demeanor of the president as opposed to local issues . I think it is a test of the president s standing on a national basis. Dont you think . Well, kentucky supports President Trump in very strong ways. I have no doubt they will be one of the first states on the board next november on Election Night for President Trump. This is the opportunity for him to not only get out there, talk about why he supports governor beven but also to energize that base to get people rallied and fired up and make sure they understand they have to come to the polls. It worked in those special elections a few months ago. It worked again in the louisiana governors runoff and i have no doubt the President Trumps support is going to help the governor tomorrow. Stuart the governor of kentucky is going to be on this program a little later in the show, in the 11 00 hour. Meanwhile, marc, congresswoman ilhan omar stumping for Bernie Sanders last night. As you know, im going to show our audience, she had some choice words for the president. Roll tape. That is why we must build a Mass Movement of the working class that transcends faith, age, gender and background. I am beyond honored and excited for a president who will fight against western imperialism. Stuart a Mass Movement of the working class, end western imperialism. I heard stuff like that when i was a kid in england in 1952. Thats a socialist manifesto right there. It is. And i mean, just think about that for a second. Youve got a sitting congresswoman who is throwing her support behind a socialist, talking about fighting western imperialism when the president of the United States is actually fighting for jobs, fighting for freedom around the world but remember, Bernie Sanders honeymooned in the soviet union, has praised communist leadership, not only there, in cuba, they stand behind the dictator in venezuela, and thats what this race is going to be about. Its going to be a race between freedom and capitalism, the american way versus the new radical socialist democrat way represented by the squad, ilhan omar and Bernie Sanders. Its actually despicable. Stuart was it you who said Bernie Sanders went to the soviet union for his monhoneymo and never came back . Was that you . Did you say that . I might have. I dont recall that but it does sound correct. Stuart i just wanted to get it in. Marc lotter, thank you very much. We will see you again real soon. I want to show you whats going on on that market in 12 minutes time. We are going up. This is a monday morning rally bigtime. New highs. You will see them real fast. We have colorado allowing residents to load their drivers license on to a mobile app. They say its safer. In other words, your license is going to be on your iphone. Thats what this is all about. Weve got the guy who is prodding that forward, next. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Stuart Fiat Chrysler merger with peugeot to close as early as december, question mark. Yeah, probably. The stock, Fiat Chryslers stock up nearly 3 on that. 16 a share. Colorados governor giving the okay to digital drivers licenses that you can access through an app on your smartphone. Andre duran is with us. Hes with ping identity. That company helped colorado with the software to get this done. Whats the advantage here . So i get the app, my drivers license goes on this thing. Whats the advantage . Well, thank you, stuart. So the advantage is that we are going to be able to provide a better experience to all coloradons as well as improve the security of presenting your identity to the state and businesses. Stuart i could lose my iphone, couldnt i . You could lose your iphone and all of us have done that. Takes a little bit of time to reload the applications and our payment mechanisms into the phone. But the phone is becoming really the center of all of our digital experiences, and americans are in love with our phones. We are already today putting our credit cards and attaching our drivers license to the back of the phones, so this is not a new experience. Stuart okay. So look, colorado has accepted it and your app is going to be on these phones. Which other states are considering going this way . Well, i cant speak for other states. Certainly there has been a lot of interest inbound to my company as people have gotten wind that colorado is leading the way in digital experiences to provide Better Services and bring government to the citizens of colorado right through their phone. I expect other states will follow. Stuart sorry to interrupt you. I just noticed on the lefthand side of the screen your stock is way down since the ipo. Down 17 . Any idea why . Well, i cant speak to that. We are still in a quiet period. We recently went public on the new york Stock Exchange, so you know, want to really focus on what we are doing to power and enable security for all of colorado with this new digital drivers license. Stuart okay. Thanks for joining us, sir. Im sure i will get on the band wagon at some point in my life, assuming i live for 25 years. Thanks for joining us. No, no, seriously, we appreciate it. Thank you, stuart. Stuart good stuff. Dow industrials going to be up about 160. Pay close attention to the nasdaq. Look at that. Thats going to be a new alltime high right from the start of trading this morning. Its going to be up about threequarters of 1 . Technology looks like its doing real well. We will take you to wall street for this great opening after this. With time, comes change thats for sure. 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