Where might it be signed . How about london in early december, when President Trump attends a nato summit . Theres a lot of speculation that xi might be there. Well, that is magic to the market. Stocks are going up. Look at this. The dow industrials will be up well over 100 points, maybe 140 points. The s p 500 is going to be up about 10. Thats. 33 . The nasdaq will chime in with a 30point gain. That would be about. 33 or more. Here come more record highs. All right. Now, how is this for a headline . Turmoil at one of the most powerful companies in the world. Google. The board has opened an investigation and hired an outside law firm to look into Sexual Harassment and misconduct. Shareholders and some employees are not happy with the big severance packages given to executives who are being forced out. At the center of the probe, andy ruben, who ran the android division, and David Drummond, googles chief legal officer. This is not a story about the stock. Its a story about relationships, whats allowed and whats not at american companies. Varney company is about to begin. I paid over 10 billion in taxes. I paid more than anyone in ta s taxes. You know, im glad to have, you know, if i had to pay 20 billion, its fine. But you know, when you say i should pay 100 billion, okay, then im starting to do a little math about what i have left over. Sorry. Im just kidding. Stuart you know, i think he could have been a little stronger there, when somebody is going to take your money off you, confiscate it, i would have thought bill gates would come out on the strong side of the argument. It was kind of tepid if you ask me. He was doing the wealthy the wealth tax. Senator warren has announced she would be willing to meet with him to discuss all of this. Ashley yes, she did. She said this. Lets get straight to the tweet, if we can. She says im always happy to meet with people, even if we have different views. At bill gates, if we get the chance, i would love to explain exactly how much you would pay under my wealth tax and in brackets, i promise its not 100 billion. I will just say bill gates also argued that taxing too much, whatever that amount is, could jeopardize the u. S. Status as the place to build innovative businesses. Just a little crumb to throw to you there. Stuart i would just like to see him pound the table. Ashley hes not going to do that. Not going to do it. Stuart hes not going to do it. Ashley no. Stuart we will move on. Lets talk real money. That would be fresh records for the stock market. You are going to see them right at the opening bell. After that report that the u. S. And china have agreed to roll back tariffs. Market watcher john allison with us now. I see every sign of a yearend rally, a santa claus rally. You call it what you like, but are you with me . Is this going to happen . Im actually with you, stuart, and im with you for the very simple reason i think you have even enunciated on your program, which i like a broken record have talked about for the last couple of years, which is the trade war has been a wet blanket on the market and a wet blanket on business confidence, and finally in the last few months, has actually revealed itself to really depress manufacturing. So the fact that things are getting rolled back, the fact that there is a lifting of the wet blanket even temporarily or in phase one, however you want to put it, i think is going to release the one big worry the market has had. The other worry which is slowing growth, which we have always felt was going to happen, is probably bottoming out this quarter and that means even if next year is slow, its going to be okay as far as the market is concerned without that wet blanket. So yes, i would say absent any other weird thing that happens, out of left field, which we dont see, youre right. I think we are heading upward. Stuart john, just a moment ago we were talking about Elizabeth Warren. She is indeed i think waging a war on wealth. Is wall street worried about this . Wall street is worried about it not just idealogically, because people have their own doctrines that they carry around in their heads, but theyre worried because what shes proposing, particularly this tax on unrealized Capital Gains, is simply unworkable. Its one of those things that will that any wall street person will tell you will number one, depress the market because the economics of it will depress the market. It will depress confidence in the markets. It will depress business confidence. So if you take peoples Capital Gains and every year force them to pay a tax on their unrealized gains which is one of the things latest things shes proposed, is going to be a very negative thing for the stock market and for savings and for investing. Stuart its called confiscation. Stay there for a second. Ive got more for you later. Let me move on to some corporate stories here. First mcdonalds ceo fired. Now googles executives are being investigated over inappropriate relationships. Explain it all, lauren. Lauren i dont know if you can compare the two. Because the circumstances for Steve Easterbrook at mcdonalds likely different from what has been going on for years at alphabet and google. Remember this time last year that major walkout by mostly women in the company saying we are sick of the Sexual Harassment that is going on at this company, and the coverup of it. Alphabets board of directors has formed a special Litigation Committee to investigate executives and executives handling of sexual allegations of Sexual Harassment and misconduct. They have also hired an outside law firm to look into this. Because Share Holders which include union groups and pension funds, are saying its corporate waste, when you are paying the former head of android, andy rubin, a 90 million payout exit package of that size. Now alphabets legal officer currently David Drummond, hes alleged of having an extramarital affair, getting one woman pregnant and then marrying another woman. For those relationships, were they in the chain of command, was there a direct reporting relationship, what are the policies, what should the policies be and 2019, can you date someone at work. Stuart fair point. Its not a question about whats going to happen to the stock. The stock is up this morning. Its a question about corporate culture. Can you have an Office Romance in this year of 2019. We are going to discuss that throughout the show, as we have discussed it earlier. Lauren, thanks very much for wrapping it all up for us. Now this one. Roku slammed, look at that, down 15 almost. The stock has had a terrific runup this year. Its up about 350 . But now its down 15 . Whats the problem . Susan they had a great quarter, right. They made more money. They lost more money or less money than expected. Theyre still losing money. But the problem is that the full year guidance missed. They didnt say they were going to make as much in ebita, outside of taxes. I know your eyes roll up when i use that term. But they are going to do less well than anticipated. But guess what . You know, looking at the statistics, you roku users stream 10. 3 billion hours of content from the same time last year in three months. Thats up 60 from a year ago. So people are still streaming. They are obviously watching on their boxes and roku has about 40 market share. I would say theres a lot of potential still for this stock. Stuart weve got guggenheim investment firm, they dropped their price target on roku. It was 170. Now its 150. The stock this morning is way down, close to 15 . Heres another company in the news. Netflix. Okay, look, they spent, what, 15 billion a year, i think that was 2018, 15 billion on content. Now Ceo Reed Hastings says they are going to spend even more. John allison, come back on this one, please. You dont like all this spending and you dont like the stock at this level, do you . No. I like reed hastings, i like their team, i think its an incredibly innovative company. Dont get me wrong on that. But i think they are trying to chart a path with a lot of debt to fund content and that in and of itself might not be so bad if you didnt have very wellheeled competitors like amazon, apple, disney, coming into the market without that kind of debt load and competing for content and viewers eyeballs. I think netflix is a stock we would avoid. I think its got danger signs. Stuart okay. Yearend rally, john says yes. Netflix, he says no. Might be going down some. John, thanks very much for being here on a very important day. We appreciate that. Thank you very much. Stuart ive got three big names, they are going to report after the closing bell today. They are disney, go pro, activision blizzard. On your screens, premarket, they are all up. Thats where they are as of now. Lets see what happens after the profit reports. Overall, this market is going up today. At least at the opening bell. Look at futures, we are up 150 for the dow, about 11, 12 points on the s p. The nasdaq up about 35. Nice gains across the board. Elizabeth warrens attack on the wealthy, still going on. Growing number of successful people speaking out about it. They are worried about warren. Theres the slogan. Worried about warren. Thats the theme of the day, sports fans. Mike rowe, the dirty jobs guy, big on skilled labor. Millions of job openings in america. Why cant we fill them . I will be asking him that question, 11 00 hour this morning. President trump unloading on the whistleblowers lawyer at last nights rally. He says impeachment has been the plan since he took office. Texas congressman lance gooden here with reaction. This is Varney Company on a thursday morning. Were rolling. A more secure diaper closure. There were babies involved. And they werent saying much. Thats what we do at 3m, we listen to people, even those who dont have a voice. We are people helping people. Who has started whistleblowers attorney said in 2017, know when that was . That was a long time ago. Its all a hoax. They say january 2017, a coup has started and the impeachment will follow ultimately. Its all a hoax. Its a scam. Stuart all right. You heard it right there. That was the president last night and heres his tweet from just a few moments ago. I will read it for you. Based on the information released last night about the fake whistleblowers attorney, the impeachment hoax should be ended immediately. There is no case except against the other side. Joining us now, congressman lance gooden. I believe hes a republican from texas. I believe thats accurate. Good morning, congressman. How are you . Stuart really good, thanks. Sum it up. The impeachment process so far, what do you think . Its been totally nontransparent. Its been done from the basement of the capitol and democrats heard republicans saying for weeks this is illegitimate, you need to put this up for a vote so democrats thought they would get cute and put it up for a vote and silence us. Now they are saying we have moved the goalposts but the goalposts have been the same since day one. That is give us the same rights that we gave, we the republicans, gave you during the clinton impeachment that the minority had during the nixon impeachment. Stuart they are allowed to make their own rules in the house and thats what theyre doing. And the American People i believe are seeing through it and the American People want transparency and a few public hearings next week are just not going to cut it. Stuart how long does this go on for . Because youre right, public hearings next week, i dont know whether theyre televised or not, i presume they will be. After that, are we going to be hearing impeachment, impeachment, impeachment until next year . I think nancy pelosi, who really didnt want this from day one before she caved to the far left, is sitting in rooms with her Leadership Team probably every night saying how are we going to end this because i dont think they have an answer. Stuart you think so . I do. Stuart they set this thing going. You think she wants to end it . No, i think she wants to know how its going to end because they know that once they impeach him and send it to the senate, then its over. What are they going to do, stop investigating him and actually respect the wishes of the senate if they say the president is innocent . Stuart okay. If it drags on, throughout the rest of this year, because theres only seven or eight weeks left, and into next year, what gets done in congress . Anything . Before last week i would have said nothing. But in the last few days, we have heard talk from the democrats that they are feeling confident in the u. S. Canada mexico trade agreement may actually move forward so i think they are hearing from some of their vulnerable members in these swing states that went for trump last election or in the last president ial election, they are saying weve got to pass this, we know we have the votes. Speaker pelosi, please let this bill come forward. So im hearing talk in the last few days that it may actually happen before christmas. The senate seems a little less optimistic, but rumors from the hill are saying that that may be the one accomplishment. Stuart the one thing that could get done. Congressman lance gooden, republican, texas, thank you, sir. Thanks very much. Now then, lets go to california, where the attorney general says hes going to take a closer look at facebooks privacy practices. Tell me more. Susan the important part of this, part of this is this legal filing in california is they want access to some emails from Mark Zuckerberg and Sheryl Sandberg which is pretty important because this was excluded as part of the ftc 5 billion settlement and indications are maybe, maybe Mark Zuckerberg according to wall street journal reporting might have known about the problematic privacy practices at his own company that he was overseeing. Now, california importantly, by the way, is not part of the 40 bipartisan state attorneys that want to look into possibly antitrust and these strong positions that facebook and google now position themselves in terms of advertising revenue, et cetera, et cetera. Stuart seems like almost every day there is a development on privacy, whether its google or facebook. Neither stock ever tanks because of it. Susan unless it has real teeth and theres implementation and a real threat of a breakup which only happens at the federal department of justice level, there is going to be no impact on the stock. Stuart that will be way down the road if it were to happen. Good stuff. Thank you. Check out futures again. We have moved up a little bit more. This is going to be a good day for stockholders. Up about 150 the dow, 12 on the s p, 35 on the nasdaq. Thats called a rally. How about mcdonalds. Our next guest says the firing of the ceo for an inappropriate relationship earlier this week will drag the stock down. So when will it recover . We will ask. Varney company continues. 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. 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When does this thing recover . In the short term, the Stock Price Movement is going to be more tied to same store sales and probably u. S. Same store sales, so thats whats going to move the stock. Were not going to see what the new Management Team is going to do and their strategy until 12 to 18 months from now. Stuart so it stays down until such time as we see how the new guys going to perform, is that it . Theres nothing thats going to happen from here to year end. Theres not really any new news that we are at least expecting. The companies have already reported, we already kind of have an idea where same store sales are. Until we get into next year with new vision, new plan, new team and the release of Fourth Quarter same store sales thats helping their tracking for the year, we think we will be really rangebound here. Stuart in which case im not going to touch it with a tenfoot pole. Thank you very much for joining us this morning. We appreciate that. Thanks very much. Short, sharp, to the point. Just the way we like it. Futures show a nice gain at the opening bell. Good news on china trade. The u. S. And china have agreed to roll back some tariffs. We are up 160 for the dow, 12 for the s p, 38 for the nasdaq. Yes, its a rally. We will take you to wall street in just a moment. Does your broker offer more than just free trades . Fidelity has zero commissions for online u. S. Equity trades and etfs, plus zero minimums to open a brokerage account. With value like this, there are zero reasons to invest anywhere else. Fidelity. There are zero reasons to invest anywhere else. 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 b