Transcripts For FBC Varney Company 20240713 : vimarsana.com

This is afterall cybermonday this has a retailing bonanza and signals a Strong Economy into 2020 all right now look a this. Another market rally not huge. But a rally. The dow is going to be up maybe 20, 25 point small gain for the s p small fractional game for nasdaq this is interesting. China banned u. S. Navy ships from calling port in hong kong retaliation for the president sign civil rights measure. Little impact on the market. This morning, the pet restored tariffs on steal importses from brazil and argentine in that may have brought future down a little. Later on today president heads to london for 70th anniversary of nato youll go across world stage just as dmtds try to bring him down with another round of impeach m hearings. Oh, what a day. Another market rally shop until you drop online and yes we expect some choice words from the president of impeach m as he leaves for london got a big show varney and about company sb to begin. I want to, i want to dwell on Holiday Shopping. We got that record. 4 billion spent online just on friday. Foot traffic, though, at the brickandmortar or storeses in the mall that was actually down. Our retail guy is jerry and hes with us now. Im saying that this is the online selling season to end all online selling season. Youre going take me on. Well we can talk about this for a long time and no doubt that ecommerce is capturing and selling trend but keep in mind ecommerce is only 15 of retail sales. I know theres one that one report out there that you alluded to from a shopper counting service to tracking service that said traffic was down on black friday. But it also did traffic was up to brickandMortar Storeses on thanksgiving day and totally different wort that does the Payment Processing and brickandMortar Stores are up 4 on black friday so way see it, you know, ecommerce is capturing huge share growing at a 20 year over year financial if you take 20 times 20 . Thats a 4 growth just with ecommerce if brickandmortar were flat but it is not flat. Brickandmortar for several quarters now have been growing great. Particularly at target and walmart that continued over weekend and ping it can continue all the way to christmas web and i feel very confident in my 4 forecast for sales growth this Holiday Season. But real fast jerry am i right in saying that it is extremely strong consumers spend this is Holiday Shopping season . Suggest were going to go into 20 20 still looking strong in the First Quarter next year . I see nothing to hold it back look, all in retail we say trend is your frepgd the trend is phenomenal it is very positive and has been for a long time and weaker numberses from last Holiday Season into december and forward so i believe that your growth is going to be quite strong quite positive, and well continue driving the economy for at least another year. Inch theres another year ill get back to you in a second and bring in market watcher keith for us is this a melt up market as we head towards the end of the year . Absolutely stuart theres still a lot of money on the sidelines that the got to play catchup and interestingly enough, the Retail Investors are the one who are ahead of the game this time. It is all of the henl fund that have to make up lost ground. Do you think were boing to hit 29,000 on the dow say by january the first . I tell you what, it is doable and so is my original target of 3300 on s p. That is e norm rally doable have you ever seen a time like this because the market has gone straight up fur months. Well i tell you what ive looked through data this is what i do for a living i cannot recall in my memory or history books conditions like this where if you dont get onboard you are truely getting left behind. Impeachment totally ignored irrelevant per the market. Actually. I dont think so, stuart i think it is kind of antiindicator here. I think stronger impeach. Cries get stronger traders want to pull in because they realize donald trump is put ten and a half trillion dollars into the economy in term of cap cap cap thization. Anything i should sell right now . Fnlgt talking about retail, the big ones are the walmart targets are amazon. The lesser retail players are getting left behind. Consumers going online and theyre going into stores that can compete and deliver quickly. So if you have a weaker retail or i would think seriously about holding it. J i dont have a weaker are retail e or i have got microsoft and couple of other thats a good one. Yeah, im going keep it okay im going to keep it. All right thanks very much keith see you again shortly bring in jerry back in again i have ab odd question for you pep which you may just dismiss entirely when do you think were going see the day when online buying online selling of christmas and hanukkah present beating brickandmortar selling in christmas and hanukkah and presents . Five to ten years away when you look at absolute volume one day in a year when that happen hads for retailers and that is today so on cybermonday historically you do have so much sales online and thats all of the focus that sometime that has brickandmortar at retailers but you have seriously 85 of Retail Business is in the stores and when with you list all of the commentary and morning shows this morning do you think it has about online because it put out great data and everything but 5 still in the store so even with the compound growth rate taking place of 15 to 20 a year in ecommerce it is going to take a very long tile so thats majority of business so if row do math ten to five years from now until it is the majority but most of the growth. Okay thats taking place in the marketplace and thats why it deserves so much attention. We keep going back to this but target walmart amazon those are three big winners from a Holiday Season. What do you think . Well the thing weve seen strong retail is not something that changes every quarter so tart walmart amazon costco, best buy is very strong diction had a great quarter you see good numbers out of value player like Dollar General t. J. Maxx burlington. Ross store they keep win it is not boing to change had its not like industries with a good quarter and bad quarter and all of the rerest there and day trader trying to make money on a dead cap bounce stying with retailers weighing ones that i named. Real fast do you think bad weather will help Online Sellers next couple of day . Well it only happenses in sol part of the country for some hour and online is growing rapgdly kind of average out people who talk about retail and weather are the same ones you know honestly who blame the tariff for shom results things you cannot control do not really affect the business over a long cycle and the weather is going to have absolutely nothing to do with retail sales or who captured those sales because you know what, it is a bad day today, it is going to be a Beautiful Day tomorrow so kind of silly to talk about too much. Okay. Retail is your business and this is a big time of ye if or you and glad youre on show. Jerry become to sir see you soon. As we were saying there really big headaches for holiday and business travelers alike a giant Cross Country storm is heading east. Jeff flock is at Ohare Airport hes got the latest what have you got, jeff . Weather may not have anything to do with with retail but it does have something to do with airport travel. These are the lines at ohare and it is not even snowing in chicago but Ripple Effect out here it is the northeast. This is the united terminal by the way at ohare thingses are moving fairly smoothly i would say. But when you look at the boards, again, the united terminal arrival boards Northeast Place like albany new york canceled another albany flight well delayed boston is having problems. Philadelphia is having some problems. Most of the new york flight go departing from here and come over here show stuart the new york flights theres laguardia most of those are either boarding or upon time. So i dont know i think things are not as bad as they could be. But as you can see out here if youre at home watching on television, youre the a much better place than these poor folks out here at ohare in chicago. Sir. Well talk take it jeff flock there at ohare thanks see you again soon some individual stocks to check for you start with roku downgrade from Morgan Stanly and stock is down 8 thats a big drop for that company. Citi Group Downgrades Phillip Morris from down to the two in neutral from buy, not much impact on the stock. But it upgraded to a buy from neutral. Got all of altria unaffected check futures market please because we are going to open this monday morning with a very mod pest gain pretty much across the board although nasdaq will be down a fraction. President trump leaves the qhows later this hour, hes going to london for nato summit likely to speak to roarts and when if he does youll see it right here. A lot of people do venmo and paypal to make purchases this honked. It is cybermonday. We have a security expert on the show later, this hour who says watch out for hackers. And check costco, their website crashed on thanksgiving they lost millions because of that glitch. Next we have the competition. The ceo of boxed and asking him if they gain a little ground from costco website difficulties. Well be back. Woman friction points, those obstacles that limit a companys growth. I try to find companies that turn these challenges into opportunities. But by going out in the field, and meeting management, suppliers, competitors. In the end, its these unique companies with Creative Business models that will generate value for our investors. Thats why i go beyond the numbers. That will generate value for our investors. 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. shaq chime magenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill available at. the enchanted disney fine jewelry collection. With exclusive bridal styles at zales. Take a look at google, thats not premarket. St tha thats the one month chart but hires the news europeans opened another antitrust investigation on google another one suzanne anything significant . Yes thats right i believe that is is ashley today. I dont have that but i can tell you yes e they have. So look theyve taken billions from google since well the the last four or five years, stu here question go again. Under investigation in this country on every level but up until now havent had an exact on the the stock absolutely nothing. In fact, the stock has gone above 1300 dollar a share in the face of all of these investigations and probes. And what have you. I dont have premarket for you but i dont think this leat european venture will have much impact on the stock. But we with shall see. China state media that will be the global time, says china wants the u. S. To roll back those tariffs come december the 15th. Edward lawrence has details on that one for us. Roll them back thats what the chinese demand . Stu insisting that u. S. Roll back these. What were see is posturing trying to get that language and chinese whole process try to get tariffs gone. Chinese trade sources tell us that china wants tariffs rolled back in phases as the phases of the deal are finished now those sours are say what u. S. Is offering to roll back some tariff but keep the majority in place in order to make sure china follows through with those commitments. President donald trump believes those tariffs are keeping china at the table and again you know, the 15 tariffs coming up on december 15th, those are still in play. And it is now becoming sort of a deadline here to get that phase one deal on paper and those staffs could be insured to go into effect if it is not if there is a phase one deal on paper maybe a the president has some wiggle room there but tariffs in play on december 15th. Take a look at costco stock is around 00 a share doing pretty well there you go 300 a share they lost money because their website crashed. I think it was on actual thanksgiving day wasnt it . For 16 hours costco losing around 11 million in sales. That affected maybe close to 3 million ofs its users not that much when you take into context to so far 68 billion has been spent in the month of november. We have thanksgiving sales pup some 16 from last year. So youre right. But for, you know, a number of people that paid their membership for full year having website down for 16 hours not a good feeling on thanksgiving black friday. Not that bad. Would you stop. Not great. Not that bad. Especially trying to get to hundred dollars off on those, you know, electronics and appliances you want to get in there. Get the deals. Attack it all back. That is outrageous. Thank you. Thats right. I wonder if the competition benefited a little maybe. Ill ask the competition one who runs wholesale per called box and frequent guest on this Program Since she started in business. Did you pick up youre a direct competitor with costco. We are in certain categories so we did better than expected black friday so i dont know if it is because their website going down. But or it is overall trends of just folks actually staying at Home Shopping online versus going in stores because now i want to talk to you because this to me is online selling season to end all online selling seasons. And i take it that your business has really taken off recently. Absolutely, and kind of being a retail nerd i drove around mall and you know after thanksgiving, after the kids were the traffic wasnt as bad as it has been in year. You were gloating. No. I didnt have window rolled down with shaking out the window but yeah i was taking a look at the line and werent as crazy as in previous year. I think it is going to go only one direction from here on out. Have you been forced into speeding up delivery because thats what market demands . In certain segment gotten into more fresh foods and struck a partnership with a german grocer lidal a big push in the United States so retile side fresh foods now trying to serve same day. But 24 pack of toilet paper and oreo cookies nobody thinking they need nose yesterday here stat but smaller fresh food, though, pushing into a winter storm coming across the country what does that do to guys like you who want to be there when you say goods are going to be there . A double ensword because winter storm come like both are not trying to go out there and shop on day. But other side of is that question of to deliver there afterwards so theres always manufacture expectations that you know, it is hard to get into some of the hard hit areas right after a storm passes through. When do you think well see the point now, one of our retile guyses said five to ten years away. But i want to know whats the point where onis online exceed brickandmortar and mall sales . On black friday or any day . Across the board. For any one year, when are we going to see that . So i know you would think i would say in five to nonets but i tend to agree in five to ten years. At the end of the day brickandmortar thats where major of americans shop today. And so habits die hard but over time i think you know especially with younger generation, you know they procure items they need every day they think online and into buying power they graduate college get their first job they think they see the trend accelerate. Still private arent you . Still private. Not going public but ill be here if we do. Nicely done young man boxed ceo thanks for joining us. Good stuff is. Take a look at future eases please. Holding on to fractional gain for the dow, s p and nasdaq. Im going to say that disney dominates this Holiday Season frozen 2, well its already made 700 Million Box Office worldwide. Disneys latest star wars a blowout as well were on it disney owns december. What about netflix . Well they may be irishman vainl for thanksgiving holiday e we have someone who say this movie will give netflix the leg up it needs against disney. More varney after this. The Doctors Office might mejust for a shot. O but why go back there when you can stay home with neulasta® onpro . Strong chemo can put you at risk of serious infection. In a key study neulasta® reduced the risk of infection from 17 to 1 a 94 decrease. Neulasta® onpro is designed to deliver neulasta® the day after chemo and is used by most patients today. Neulasta® is for certain Cancer Patients receiving strong chemotherapy. Do not take neulasta® if youre allergic to it or Neupogen Filgrastim . An incomplete dose could increase infection risk. Ruptured spleen, sometimes fatal as well as serious lung problems allergic reactions, kidney injuries and capillary leak syndrome have occurred. Report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. In patients with sickle cell disorders, serious, sometimes fatal crises can occur. The most common side effect is bone and muscle ache. If youd rather be home ask your doctor about neulasta® onpro. Pay no more than 5 per dose with copay card. Whether youre out or here on a wifi hotspot. Xfinity mobile has more coverage to keep you connected to what matters most. Thats because its the only Wireless Network that automatically connects you to millions of secure wifi hotspots and the best lte everywhere else. And now get 250 off when you buy a new Samsung Phone during Strong Economy<\/a> into 2020 all right now look a this. Another market rally not huge. But a rally. The dow is going to be up maybe 20, 25 point small gain for the s p small fractional game for nasdaq this is interesting. China banned u. S. Navy ships from calling port in hong kong retaliation for the president sign civil rights measure. Little impact on the market. This morning, the pet restored tariffs on steal importses from brazil and argentine in that may have brought future down a little. Later on today president heads to london for 70th anniversary of nato youll go across world stage just as dmtds try to bring him down with another round of impeach m hearings. Oh, what a day. Another market rally shop until you drop online and yes we expect some choice words from the president of impeach m as he leaves for london got a big show varney and about company sb to begin. I want to, i want to dwell on Holiday Shopping<\/a>. We got that record. 4 billion spent online just on friday. Foot traffic, though, at the brickandmortar or storeses in the mall that was actually down. Our retail guy is jerry and hes with us now. Im saying that this is the online selling season to end all online selling season. Youre going take me on. Well we can talk about this for a long time and no doubt that ecommerce is capturing and selling trend but keep in mind ecommerce is only 15 of retail sales. I know theres one that one report out there that you alluded to from a shopper counting service to tracking service that said traffic was down on black friday. But it also did traffic was up to brickandMortar Stores<\/a>es on thanksgiving day and totally different wort that does the Payment Processing<\/a> and brickandMortar Stores<\/a> are up 4 on black friday so way see it, you know, ecommerce is capturing huge share growing at a 20 year over year financial if you take 20 times 20 . Thats a 4 growth just with ecommerce if brickandmortar were flat but it is not flat. Brickandmortar for several quarters now have been growing great. Particularly at target and walmart that continued over weekend and ping it can continue all the way to christmas web and i feel very confident in my 4 forecast for sales growth this Holiday Season<\/a>. But real fast jerry am i right in saying that it is extremely strong consumers spend this is Holiday Shopping<\/a> season . Suggest were going to go into 20 20 still looking strong in the First Quarter<\/a> next year . I see nothing to hold it back look, all in retail we say trend is your frepgd the trend is phenomenal it is very positive and has been for a long time and weaker numberses from last Holiday Season<\/a> into december and forward so i believe that your growth is going to be quite strong quite positive, and well continue driving the economy for at least another year. Inch theres another year ill get back to you in a second and bring in market watcher keith for us is this a melt up market as we head towards the end of the year . Absolutely stuart theres still a lot of money on the sidelines that the got to play catchup and interestingly enough, the Retail Investors<\/a> are the one who are ahead of the game this time. It is all of the henl fund that have to make up lost ground. Do you think were boing to hit 29,000 on the dow say by january the first . I tell you what, it is doable and so is my original target of 3300 on s p. That is e norm rally doable have you ever seen a time like this because the market has gone straight up fur months. Well i tell you what ive looked through data this is what i do for a living i cannot recall in my memory or history books conditions like this where if you dont get onboard you are truely getting left behind. Impeachment totally ignored irrelevant per the market. Actually. I dont think so, stuart i think it is kind of antiindicator here. I think stronger impeach. Cries get stronger traders want to pull in because they realize donald trump is put ten and a half trillion dollars into the economy in term of cap cap cap thization. Anything i should sell right now . Fnlgt talking about retail, the big ones are the walmart targets are amazon. The lesser retail players are getting left behind. Consumers going online and theyre going into stores that can compete and deliver quickly. So if you have a weaker retail or i would think seriously about holding it. J i dont have a weaker are retail e or i have got microsoft and couple of other thats a good one. Yeah, im going keep it okay im going to keep it. All right thanks very much keith see you again shortly bring in jerry back in again i have ab odd question for you pep which you may just dismiss entirely when do you think were going see the day when online buying online selling of christmas and hanukkah present beating brickandmortar selling in christmas and hanukkah and presents . Five to ten years away when you look at absolute volume one day in a year when that happen hads for retailers and that is today so on cybermonday historically you do have so much sales online and thats all of the focus that sometime that has brickandmortar at retailers but you have seriously 85 of Retail Business<\/a> is in the stores and when with you list all of the commentary and morning shows this morning do you think it has about online because it put out great data and everything but 5 still in the store so even with the compound growth rate taking place of 15 to 20 a year in ecommerce it is going to take a very long tile so thats majority of business so if row do math ten to five years from now until it is the majority but most of the growth. Okay thats taking place in the marketplace and thats why it deserves so much attention. We keep going back to this but target walmart amazon those are three big winners from a Holiday Season<\/a>. What do you think . Well the thing weve seen strong retail is not something that changes every quarter so tart walmart amazon costco, best buy is very strong diction had a great quarter you see good numbers out of value player like Dollar General<\/a> t. J. Maxx burlington. Ross store they keep win it is not boing to change had its not like industries with a good quarter and bad quarter and all of the rerest there and day trader trying to make money on a dead cap bounce stying with retailers weighing ones that i named. Real fast do you think bad weather will help Online Sellers<\/a> next couple of day . Well it only happenses in sol part of the country for some hour and online is growing rapgdly kind of average out people who talk about retail and weather are the same ones you know honestly who blame the tariff for shom results things you cannot control do not really affect the business over a long cycle and the weather is going to have absolutely nothing to do with retail sales or who captured those sales because you know what, it is a bad day today, it is going to be a Beautiful Day<\/a> tomorrow so kind of silly to talk about too much. Okay. Retail is your business and this is a big time of ye if or you and glad youre on show. Jerry become to sir see you soon. As we were saying there really big headaches for holiday and business travelers alike a giant Cross Country<\/a> storm is heading east. Jeff flock is at Ohare Airport<\/a> hes got the latest what have you got, jeff . Weather may not have anything to do with with retail but it does have something to do with airport travel. These are the lines at ohare and it is not even snowing in chicago but Ripple Effect<\/a> out here it is the northeast. This is the united terminal by the way at ohare thingses are moving fairly smoothly i would say. But when you look at the boards, again, the united terminal arrival boards Northeast Place<\/a> like albany new york canceled another albany flight well delayed boston is having problems. Philadelphia is having some problems. Most of the new york flight go departing from here and come over here show stuart the new york flights theres laguardia most of those are either boarding or upon time. So i dont know i think things are not as bad as they could be. But as you can see out here if youre at home watching on television, youre the a much better place than these poor folks out here at ohare in chicago. Sir. Well talk take it jeff flock there at ohare thanks see you again soon some individual stocks to check for you start with roku downgrade from Morgan Stanly<\/a> and stock is down 8 thats a big drop for that company. Citi Group Downgrades<\/a> Phillip Morris<\/a> from down to the two in neutral from buy, not much impact on the stock. But it upgraded to a buy from neutral. Got all of altria unaffected check futures market please because we are going to open this monday morning with a very mod pest gain pretty much across the board although nasdaq will be down a fraction. President trump leaves the qhows later this hour, hes going to london for nato summit likely to speak to roarts and when if he does youll see it right here. A lot of people do venmo and paypal to make purchases this honked. It is cybermonday. We have a security expert on the show later, this hour who says watch out for hackers. And check costco, their website crashed on thanksgiving they lost millions because of that glitch. Next we have the competition. The ceo of boxed and asking him if they gain a little ground from costco website difficulties. Well be back. Woman friction points, those obstacles that limit a companys growth. I try to find companies that turn these challenges into opportunities. But by going out in the field, and meeting management, suppliers, competitors. In the end, its these unique companies with Creative Business<\/a> models that will generate value for our investors. Thats why i go beyond the numbers. That will generate value for our investors. Most people think of verizon as a reliable phone company. woman but to businesses, were a reliable partner. We Keep Companies<\/a> 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. shaq chime magenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill available at. the enchanted disney fine jewelry collection. With exclusive bridal styles at zales. Take a look at google, thats not premarket. St tha thats the one month chart but hires the news europeans opened another antitrust investigation on google another one suzanne anything significant . Yes thats right i believe that is is ashley today. I dont have that but i can tell you yes e they have. So look theyve taken billions from google since well the the last four or five years, stu here question go again. Under investigation in this country on every level but up until now havent had an exact on the the stock absolutely nothing. In fact, the stock has gone above 1300 dollar a share in the face of all of these investigations and probes. And what have you. I dont have premarket for you but i dont think this leat european venture will have much impact on the stock. But we with shall see. China state media that will be the global time, says china wants the u. S. To roll back those tariffs come december the 15th. Edward lawrence has details on that one for us. Roll them back thats what the chinese demand . Stu insisting that u. S. Roll back these. What were see is posturing trying to get that language and chinese whole process try to get tariffs gone. Chinese trade sources tell us that china wants tariffs rolled back in phases as the phases of the deal are finished now those sours are say what u. S. Is offering to roll back some tariff but keep the majority in place in order to make sure china follows through with those commitments. President donald trump believes those tariffs are keeping china at the table and again you know, the 15 tariffs coming up on december 15th, those are still in play. And it is now becoming sort of a deadline here to get that phase one deal on paper and those staffs could be insured to go into effect if it is not if there is a phase one deal on paper maybe a the president has some wiggle room there but tariffs in play on december 15th. Take a look at costco stock is around 00 a share doing pretty well there you go 300 a share they lost money because their website crashed. I think it was on actual thanksgiving day wasnt it . For 16 hours costco losing around 11 million in sales. That affected maybe close to 3 million ofs its users not that much when you take into context to so far 68 billion has been spent in the month of november. We have thanksgiving sales pup some 16 from last year. So youre right. But for, you know, a number of people that paid their membership for full year having website down for 16 hours not a good feeling on thanksgiving black friday. Not that bad. Would you stop. Not great. Not that bad. Especially trying to get to hundred dollars off on those, you know, electronics and appliances you want to get in there. Get the deals. Attack it all back. That is outrageous. Thank you. Thats right. I wonder if the competition benefited a little maybe. Ill ask the competition one who runs wholesale per called box and frequent guest on this Program Since<\/a> she started in business. Did you pick up youre a direct competitor with costco. We are in certain categories so we did better than expected black friday so i dont know if it is because their website going down. But or it is overall trends of just folks actually staying at Home Shopping<\/a> online versus going in stores because now i want to talk to you because this to me is online selling season to end all online selling seasons. And i take it that your business has really taken off recently. Absolutely, and kind of being a retail nerd i drove around mall and you know after thanksgiving, after the kids were the traffic wasnt as bad as it has been in year. You were gloating. No. I didnt have window rolled down with shaking out the window but yeah i was taking a look at the line and werent as crazy as in previous year. I think it is going to go only one direction from here on out. Have you been forced into speeding up delivery because thats what market demands . In certain segment gotten into more fresh foods and struck a partnership with a german grocer lidal a big push in the United States<\/a> so retile side fresh foods now trying to serve same day. But 24 pack of toilet paper and oreo cookies nobody thinking they need nose yesterday here stat but smaller fresh food, though, pushing into a winter storm coming across the country what does that do to guys like you who want to be there when you say goods are going to be there . A double ensword because winter storm come like both are not trying to go out there and shop on day. But other side of is that question of to deliver there afterwards so theres always manufacture expectations that you know, it is hard to get into some of the hard hit areas right after a storm passes through. When do you think well see the point now, one of our retile guyses said five to ten years away. But i want to know whats the point where onis online exceed brickandmortar and mall sales . On black friday or any day . Across the board. For any one year, when are we going to see that . So i know you would think i would say in five to nonets but i tend to agree in five to ten years. At the end of the day brickandmortar thats where major of americans shop today. And so habits die hard but over time i think you know especially with younger generation, you know they procure items they need every day they think online and into buying power they graduate college get their first job they think they see the trend accelerate. Still private arent you . Still private. Not going public but ill be here if we do. Nicely done young man boxed ceo thanks for joining us. Good stuff is. Take a look at future eases please. Holding on to fractional gain for the dow, s p and nasdaq. Im going to say that disney dominates this Holiday Season<\/a> frozen 2, well its already made 700 Million Box Office<\/a> worldwide. Disneys latest star wars a blowout as well were on it disney owns december. What about netflix . Well they may be irishman vainl for thanksgiving holiday e we have someone who say this movie will give netflix the leg up it needs against disney. More varney after this. The Doctors Office<\/a> might mejust for a shot. O but why go back there when you can stay home with neulasta\u00ae onpro . Strong chemo can put you at risk of serious infection. In a key study neulasta\u00ae reduced the risk of infection from 17 to 1 a 94 decrease. Neulasta\u00ae onpro is designed to deliver neulasta\u00ae the day after chemo and is used by most patients today. Neulasta\u00ae is for certain Cancer Patients<\/a> receiving strong chemotherapy. Do not take neulasta\u00ae if youre allergic to it or Neupogen Filgrastim<\/a> . An incomplete dose could increase infection risk. Ruptured spleen, sometimes fatal as well as serious lung problems allergic reactions, kidney injuries and capillary leak syndrome have occurred. Report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. In patients with sickle cell disorders, serious, sometimes fatal crises can occur. The most common side effect is bone and muscle ache. 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Extraordinary numbers here from frozen 2, it has already made more than 700 Million Dollar<\/a> worldwide thats the box office. I want the number on this Holiday Weekend<\/a> in the United States<\/a>. How much . 134 million from wednesday to sunday as ashley pointed out prach half of the box office over those five days. Globally were talking about 224 Million Dollar<\/a>s for the second weekend mind use. This was a second weekend this movie is out. So if you think about it disney is going to make theyre on track for at least 12 billion so far. For the box office, and we havent even gotten by the way to sky walker and star wars release in december. How much will that bring . 200 million at least in Opening Weekend<\/a> so if you think about it on track for a billion dollars that means disney will probably power over 50 of the u. S. Box Office Receipt<\/a> thats incredible. They own december. They own the entire movie industry for the the year. Stock with a record high almost 15 a 3. 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Yes it is cybermonday when were all supposed to get out there to do Online Shopping<\/a> i want deals. And Lauren Simonetti<\/a> is going to tell us at least two good deals tell me. Number one we talk about new air pods from apple amazon has them for a 14 saving thats rare heres the bad news temporarily out of stock but you can still order them thats deal number one and stuart youre going to love another theme disney plus Subscription Service<\/a> look at this. 10 off so 59. 99 for your first year a nice savings. Nice timing there lauren because it is actually 3u9 30 market just opened and were up and we are running, ladies and gentlemen. I see on corner of my eye right from the getgo the market is up what 55, 58 points a lot of green on lefthand side so quite a few of the dow 30 are on upside. And a little bit better rally than we were expecting how about the s p 500 . In percentage terms it is about whatst tha a fractional gain youre up 3 points thats it. How about the nasdaq with all of those Technology Stock<\/a> on that indicator . Virtually no change. Up 5 points that 8,670. All right, lets have a look at the biggest names in retailing because it is cybermonday err coming out of this big shopping season. Amazon, walmart, target, all of them on the upside they appear to be the winners in this shopping season. Yeah. Suzanne lee is with us shes a shopper ashley with is us a shopper too. And so too is jeff seeger. All right jeff youre on the spot. Tell me the big winner in the Holiday Shopping<\/a> season. Well, of course, the big this is a very easy question this is amazon. Amazon will continue to amazon will continue to dominate and move up their market share. Anybody else . I think it is holy trinity amazon walmart had target whole trinity of e retail. Three of them will dominate and then well continue to have all of these other Retailers Closing Stores<\/a> 14,000 last year. But those big holy trinity, they will dominate they will continue to grow. It is very true because we have short sellers betting guest stock at highest in eight months against brickandmortar so up 441 of those saying that stocks will decline despite the fact that we have had very stellar say black monday so black friday cybermonday with sales up to 20 from last year. Really all bleeped into one actually doesnt it . Feels like it. Feel like that you dont need to cybermonday Small Business<\/a> saturday, black friday because a lot of great sales begin before thanksgiving these days. Walmart can i summarize like this . Luxury sell percent luxury good sellers theyre going to do pretty well this year you agree . Yes, definitely i think hux rei good sellers are going after millennials with lbmh they bought tiffany they want to buy luxury goods and if that happens well see a broader base rally. Actually, ive got a luxury retailer on screen. Theyre all down is that are they short in luxury guys . Theyre shorting kohls macyss nordstrom is and clock of Department Stores<\/a> shortening mall operator. It is all happening retail is big issue as of this monday. And overall weve got the market opening just a little bit higher. Check it out please were up 30 point for the dow industrials. But we are well above 28,000. Okay here comes some individual stocks for the moving. First of all roku the stock is it got a downgrade from morgan stanley, the stock is now down 9. 6 a huge drop for streaming company. And it has been doing very well recently until that downgrade came along. Fiat chrysler they reached a tentative Labor Agreement<\/a> with the uaw no impact on the stock which is absolutely unchanged. The tenure treasury yield moving up to 1. 84 thats an indicator of some strength in the economies around the world that i suspect. Price of gold still doing very the. Were at 1464 per ounce, the price of oil still in the 50dollar barrel range 56 as of right now actually up 2 . Apple take a look at that one please because they are planning to release the biggest iphone yet. Now wait a minute, thats big in terms of size. Yeah 6. 7 inches currently bigger than 6. 5 ifnl that we have for pro 11 promax but so many rumors about whats going to be in new model next year in 2020 ill tell you 5g and able l and will it have longer battery life and new chip who knows. But theres also report that says they might bundle the air foods along with the iphone 12 as well. I dont think thats likely no i dont think thats likely but right now wrrkt wearables are drive sales that are had equivalent to four chin 200 company, and youre selling these air a pods at 150 this is a base price by the way. I mean theres no need to bundle it with a phone to make it mother expensive and tim cook is very good when had it comes to pricing. Is apple the the most solid of all companies quoted in United States<\/a> of america . Me criticizing apple made me look public enemy number one honestly. But they keep rolling out these new versions of old product. A physical fanatics i had a couple of apple fanatics who were so excited that theyre making this big phone. I say this is this invasion . And next year from what i understand i dont know entirely theyre making a much smaller phone so just going to keep making different sizes and gadgets to get all of these people excited . The the fact is is, apple is a good Consumer Product<\/a> company. But theyre not innovating it they could innovate more. The ear pods which by the way i lost in like three days are not really much of an innovation in my opinion. Really. You that is they sell more air pods than any well think about that fortune with 200 company. I think thats actually thats business alone is worth more than tesla. Youve spent 30 seconds explaining how you missed the rally on apple. You know what i said doesnt make me popular. It is what it is. Trying to keep it real here Everybody Loves<\/a> apple ill be guy who criticizes it. You would not buy apple at 267 . No i owned it at one time in my life goods money on it but i missed it lately ill admit it. Dont be greedy walk away from it quite wining. [laughter] all right way to go. Baby yoda starbucks has a baby inspired drink. Can you get this story no more what is actually on menu you have to ask the bris barista this is what you asked for story of the day here we go. Of a green tea frappuccino then you add caramel drizzle to it and whipped cream and caramel ribbon crunchy with a green and wrappedded in a blown float. You have a baby yoda how come hasbro which is in charge of getting fluffy toy on the shelves they havent gotten them available. What a huge miss. Yes. They probably didnt plan their merchandising release came a few weeks ago who knew it would be this type of global phenomenal. Did they take a stretch for a character making a baby character of a main character they kopght risk flooding market with baby yodas. So they so baby yoda a baby of the species i want to point that out. Sorry stu. Lets get to the irishman, on Netflix Al Pacino<\/a> great, and three and a half hours. Watch doesnt feel like three and a half. Do you think thats the thats the movie to give netflix edge against disney . It was a tremendous risk theyre at 16 8 million budget way above what netflix has ever done. But it will put them in oscar contention. I dont know how theyre going to make their money back but they are going to they are going to make a lot offing progress in terms of where they come to disney but they could put out a attract score and big actors and de niro and chino and make what paiflt people i havent seen it the yet reading bock what a lot of people are considering a work of art. Doesnt they put out streaming numbers . No, they actually dont put out streaming numbers in term of how many download or watch what particular content. But i think they have independent analysts that look at the numbers, and it is kind of like a box had had around 45 million views in just the first few weeks so maybe, with you know irishman with buzz 150 million budget but underperformed in 2019 with a content bill, if youre paying up that much, to film these type of big blockbuster budget you better get the the eyeballs on stream. Even if they do in order for them to make money i think it is intang Public Benefit<\/a> i think it is going to be very hard for them to make money on irishman but streaming war and more content for those movie buffs out there to see more and more entertainment than theyve seen a great deals. A big deal for them. Thanksgiving night the a restaurant every table about the the irishman at some point. Yep. Have you seen it yet no ill wait per the weekend three and a half hours long. Or four and score said specifically do not watch the irishman on your phone he does not like it. He does not like the idea of people viewing his art on a phone. Who would do that . 9 40 eastern time you know what that means. Time is up. But look jeff thanks very much for being with us in last few seconds market dow industrials down im sorry jeff not your fault. Not your fault at all. Dow is down 20 points at 28,07 thats where we are on big board as of right now. Whats coming up on the show . I will tell you President Trump<\/a> leaves the the white house later this hour. Hes going to london for nato summit. Hes likely to speak to reporters, and if he does youll hear exactly what hes got to say. Birch box they make cosmetic grooming subscription boxes come straight to your door once month they have more than a million subscribers globally i bet theyre expecting more this Holiday Season<\/a>. Well, the ceo is on the show later this hour. We have a cybersecurity expert warning with shoppers about mobile payment. He says, hack percent are taking advantage of flaws on payment acts like paypal and venmo. More varney after this. [grunting] [maniacal laughter] gold. Gold right, uh. Thank you, for that, bob. But i think its time we go with gbtc. Its bitcoin exposure through a traditional investment account. Nice rock. Its time to drop gold. Go digital. Go grayscale. We have a modest loss in progress right now monday morning were down 20 point but above 28,000 on the dow industrials. You know it could be netflix it is maybe the weather but movie ticket sales were down over the holiday what was big drop . Down 16 year over year. It is a big drop from wednesday through sunday receipt in u. S. And canada came in at 264 million. Yes, i think the weather especially out west and had an impact and we talked about it just in the last segment irishman a lot of people to say three and a half hours to, you know, hunker down this weekend and just ride it out in thats what did it. In segments they also theres a beliefably some analysts that this thanksgiving didnt have the buffet of movies that appealed to a wide or range from like ages 4 to 84 more movies this last thanksgiving this thanksgiving but anyway you look at it receipt down and disney had had 50 as we said of all receipts in that thanksgiving period. Interesting. Okay thank you i picked this up over weekend huawei making smartphones without american chips. Thats a big deal because they usual lily buy it is fast as well because we know subject to trade blacklist but they bought 11 billion worth of u. S. Chips and other components last year. And that affected broadcom who have warn now of declining sales this year because of the blacklist against huawei but made 30 intercoursed in september no u. S. Chips within it. Believe it or not now we have 300 companies that have apply for licenses to continue selling to huawei. But huawei in anticipation of this blacklist is actually been stock is piling a lot of these u. S. Goods, but in the future they might develop with their own or go to european suppliers instead. You know that was very good for you to keep the conversation going for extra 20 seconds because i spilled my coffee all over the place and suzanne covered up for me that was brilliant. I felt bad for stu. Well done. Serious subject right now. Hackers using drones to steal your personal information. How about that . Michael broomer is with us hes with knows all about about this. Hackers using drones to grab my data . Hows that work . Sure. In 2005, it created this device called a pineapple that combined with a drone and about a million drones registered this many the u. S. And about 50 Million Worldwide<\/a> public wifi spots you put those altogether, and they can go ahead to steal any data from a connected device through this pineapple device whether had it is your Social Security<\/a> number or Payment Information<\/a> name, address phone number. How about texts . I was look i used texts i like tofection all a of the time i thought that was safe. Nobody is going to break into that . Is it . No well, this is a season of campaigning. There are a lot of people that have had signed up to give a dong to the campaign. They get a request with an sms text on their phone that says please give five or ten dollars that text that linked it to giving that that message or that Payment Information<\/a> back may compromise the tay it on your phone. It is called smishinging and phishinging text. Tfnlings gets worse and worse doesnt it . How on earth do i protect myself against this . I cant. Inch well dont click on links use a reputable dont download information you shouldnt be downloading and last but not least use a credit card if youre making pams online. Use a contractor because a debit card will open you up so a credit card gives you shielding credit always remember that. When do we see something look my point is we constantly getting those story about data breaches, a hundred Million People<\/a> lose their information whatever happens . I mean, i dont see any downside to this frankly is there . Problem is that theres an aggregation issue going on so one data breach may have certain information compromised and you have that stacked upon another and another so after a period of time theyve got your whole profile from different breaches that they can use to steal Payment Information<\/a>. To process transactions on your behalf or even go ahead and commit another piece of fraud. Do you know if anybody has gotten into peoples private Bank Accounts<\/a> and taken stuff out yet . Other prediction is wider transfer scheme using deep Fake Technology<\/a> and that is same stuff that jordan peel used last year to spoof obama. Yep. German ceo elier this year wire mistakenly 243,000 to a hungarian supplier that was all deep fake a technology. Think of it like an audio adobe photoshop who is responsible . If a Company Loses<\/a> my data and i suffer because of that data loss, is that Company Responsible<\/a> . Are they legally liable . It depends on the circumstance. But now hacking has become egalitarian so they can buy Technology Like<\/a> that pine a physical device, like malware with kit and go online and dont have to have sophisticated experience to hack into thing. Michael broomer this is remarkable stuff we thank you for sharing it with us today on this cybermocked all out there buying online. Thats right. Thank you sir, appreciate it always. Thank you. Check the dow 30 give you a sense of the markets here twothirds of the dow 30 are down. Onethird up overall the dow is up 13 points. Ive already said it and say it again. Cybermonday will set a new record with maybe 9. 4 billion worth of online sales just today. Thats good news for our about next guest, the ceo of birch box they make cosmetic online subscription boxes delivered straight to your door once a month more varney with birch box after this. As a reliable phone company. woman but to businesses, were a reliable partner. We Keep Companies<\/a> 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. shaq chime magenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill available at. When it comes to using data, which is why Xfinity Mobile<\/a> is a different kind of Wireless Network<\/a> that lets you design your own data. Choose unlimited, shared data, or mix lines of each and switch any line, anytime. Giving you more choice and control compared to other top wireless carriers. And now get 250 off when you buy a new Samsung Phone<\/a> during Xfinity Mobile<\/a> beyond black friday. Plus, you can save up to 400 a year. Click, call or visit a store today. Well weve shown you the casino stock now why are we showing you casino stockses that happen to be all up. Well mccow gambling revenue there, down 8 and a half percent in november compared to a year ago. Nonetheless, Las Vegas Sands<\/a> win resorts they are up today. Now then, it a difference. You ever heard of birchbox i hadnt make a subscription beauty boxes box full of samples look who is here. The ceo and founder, i believe of birchbox is that correct . Ten year ago. And you now have a million subscribers. Yes, over a million globally we operate in six countries right now. If i subscribe, i get one of these boxes which you have here. This is a grooming box, this is our december beauty box. So you can get either grooming or beauty . You can get both you should get both. So it comes to your door. Every month you fill out a profile so tell us about yourself and we match you with product, and it changes every single month you can choose if you want. You can select a product you can select the the the specific box or you can let birnl box choose. Okay now, i open up the box. And it samples. Youre so excited about it right show your glee. And then you go online and buy stuff from birch box. Com. Exactly. So samples arrive every hongt. Easer eve now and then you get full size so a full size polish and you can purchase anything on birchbox and gift a subscription which had is big right now and buy product without being a subscriber so if you know you want to buy product from the best Loyalty Program<\/a> on the internet you can shop at birchbox. Do you have to pay for bock whether or not i buy something in it . You can pay 5 a month to cancel any time or pay 13 if you want to commit for a year. If i commit to 12 monthses, 12 bock 13 dollars a month. Thats right and then i have to buy stuff thats in it you dont have to but inspire you so youre excited the whole idea is when you make a purchase you know you want it so it get rid of the waste of idea to try a little bit of this shampoo we can relate to that. A little bit of this cream instead of that you get to put your dollars towards something you know you want to buy and finish it and invest in better things. I keep the samples. All of them their yours. Dont send anything back but get revenue from the sale of the boxes the sub scrix service and you get a piece of the action if somebody buys something inside the box. Exactly full size were retailer so we purchase product that wholesale price and then we sell it back to consumers. Youre private. It would be utterly pointless to go public . Definitely not on the mind today were focused on what were doing. Quickly can i buy a birchbox in a walgreens store . You absolutely can buy one in a walgreens store you can gift by a gift card for birch box in all 8,000 wall store you can buy it and a gift card for a subscription for yourself or someone else and buy an Advent Calendar<\/a> with 12 day of samples i can tell youre excited. Should we stop this now so you can have some fun and glitter . [laughter] perform catch ceo that was a real pleasure thanks very much. Youre going to make a fortune you are if you havent is already. All right. The consumer is strong, spending this Holiday Season<\/a>, does this include Thrift Stores<\/a> ive got the ceo of thread up the Largest Online<\/a> thrift store next hour. The diamond store. And let me tell you something, rodeo. I wouldnt be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. Its just a loan designed for older homeowners, and, its helped over a million americans. 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Learn how homeowners are strategically using a reverse Mortgage Loan<\/a> to cover expenses, pay for healthcare, preserve your portfolio, and so much more. Look, reverse mortgages arent for everyone but i think ive been round long enough to know whats what. Im proud to be a part of aag, i trust em, i think you can too. Trust aag for the best reverse mortgage solutions. So you can. Retire better. Stuart 10 00 here in new york city. Check that big board. Now were falling. Were down now 70 points on the dow. That is one quarter of 1 . I believe we just received an important reading on the manufacturing sector. Called the ism manufacturing indicator. Do you have a number . Ashley i do. 48. 1 which is not a good number. We went back into contraction in august. 48. 3 last month. Looking for a slight uptick, no, down 48. 1. More contraction still in the manufacturing sector. Stuart yep. Okay. Now we also got the numbers on Construction Spending<\/a>. Susan . Susan not good. Down. 8 for the month of october. Were still trending below 2018 levels. This is worse than expected. Economists were looking for a bump up of. 4 . Construction spending showing how much builders are spending. There is a lot of money, around 1. 2 trillion or so. Stuart weve got fairly weak manufacturing, not exactly strong Construction Spending<\/a> numbers. You combine that, look at the big board. We are down. Now were down 88 points. That is the best part of 1 3 of 1 . Now this. The new week begins in pretty good style. It is cyber monday and Record Online<\/a> sales are confidentially expected. Actually the whole thanksgiving period has become an online selling bonanza. It should add up to 20 billion of worth of sales between thursday and monday. The weather terrible for holiday travelers, yes it is. But it sure helps amazons of this recalled would. So does the stock market. The wealth effect is kicking in. That is, people feel able to spend more because their investments, especially Pension Savings<\/a> are doing so well. Stocks have gone straight up since the early fall. Consumers have money to spend. These are prosperous times. Moments from you no, President Trump<\/a> heads to london. He will meet with World Leaders<\/a> celebrating the 70th anniversary of nato. The president has leverage here. America has the most dynamic economy of any industrial democracy. Europe bitterly divided on brink of recession. All eyes on trump. He is in the drivers seat. When it comes to prosperity, president ial power, the impeachment drive is increasingly irrelevant. We expect the president to speak to reporters when he leaves the white house. Well bring it to you as soon as he does. I want to bring in, blake burman in london, waiting for the president to arrive. What kind of reception, blake is the president going to get in britain . Should be interesting, stuart, because when the president heads to Buckingham Palace<\/a> tomorrow night in a event hosted by the queen for President Trump<\/a> and other World Leaders<\/a> there are scheduled to be protests outside of Buckingham Palace<\/a>. You remember when asked about what post brexit talks to be like the president put the National Health<\/a> service on the table. The protesters who back the National Health<\/a> service will be out in front of Buckingham Palace<\/a> tomorrow. That is one aspect of it though, stuart. A lot of political intrigue as the president is scheduled to meet Emmanuel Macron<\/a> in oneonone meeting and Angela Merkel<\/a> in a oneonone session. Keep in mind, stuart, were today expecting the next steps the Trump Administration<\/a> will take as it relates to the digital tax. That announcement comes and then President Trump<\/a> will be meeting with Emmanuel Macron<\/a>. By the way, president will not meet oneonone with Boris Johnson<\/a> 10 days from now the elections. So theyre taking a pass on that one. Stuart blake burman in london, waiting for the president. The british will review their prison policies after convicted terrorists carried out a deadly stabbing attack in london. The man who did the stabbing, he had been released early, having been convicted on terrorism charges. Former state Department Official<\/a> Christian Whiton<\/a> is with us now. What, a real problem here. What do we do with people who are convicted of terrorist offenses . Keep them in prison forever. That would be a good idea. This isnt someone who commit ad attack. Is he an islamist . Lets look at social media. This man was in jail trying to blow up the London Stock Exchange<\/a>, our own u. S. Embassy in lond dropped. He was caught and put in prison. The time he would be out of jail until somewhat elderly is ludicrous and a issue in the british election. Brits are way ahead of swedes the dutch, the germans and others but this is an ongoing problem. Stuart america takes a different position. America wouldnt release a terrorist serving half their term. So there is a difference here between what we do and what they do i think. Very much. If you give Material Support<\/a> to terrorist group, engage in terrorism yourself, plotting like that, the american Justice System<\/a> and american juries really have no patience for that. Stuart christian look at the headline. It is from the New York Times<\/a>. And it reads, with brutal crackdown iran is convulsed by worst unrest in 40 years. I find that interesting. To me this is a trump win, christian. Because mr. Trump imposed fresh sanctions on iran, squeezing them from every direction. And theyre now imploding. I call that a trump win. What say you . Very much so. I think, its a question, is this like prague in 1968 where even though the regime has enough confidence in itself to suppress a dissent movement. It shows there is no support inside of iran. Juxtapose versus four years ago where iran was on the march, feeling, willing to expand imperial footprint across lebanon and syria, iraq. Today where they have to worry about whether they are going to survive, the brutality of this crackdown really is stunning. The revolutionary guard, which is irans version of the ss, just shows up, there is no order to disperse. There is no tear gas, they start shooting killing hundreds of people in each incident reportedly. It is hard to get Accurate Information<\/a> but it is just a demonstration that people are really upset with this regime internally and part of that is the economics from trumps oil sanctions. Stuart what i find ridiculous, our president striding on the world stage, meeting with World Leaders<\/a> to celebrate the 70th anniversary of nato. Back home the democrats are trying to impeach him, throw him out of the oval office. I find that ridiculous and frankly insulting. Every time the president traveled the democrats and Mainstream Media<\/a> tried to undermined him, whether meeting with president abe, president of name your country, always the same situation. He has real diplomacy to do. Nine european governments, seven of which are in nato are trying to undermined our sanctions on nato with something called indx, barter system supposed to get around u. S. Sanctions on iran. I dont think it will work. President trump has equities to push in london. It doesnt help democrats the exact day of the peak of the summit holds forth and theyre holding another impeachment hearing. Its a disappointment. Stuart disappointment is the you know statement of the year. Christian, thank you. Lets get back to the market. John allison, i read your stuff, youre worried about trade tariffs coming december 15th . What do you think . If we can have trade peace, we will have more prosperity, the manufacturing indices, that you were just describing earlier, the ism, construction, we think would actually start going up. So trade pieces are very good thing. The real question is going to be, not only do we have it, a resolution of the china trade war, but number two, is it going to be a good resolution. Finally are we going to back that up with basically trade peace across the world . Because we have very weak europe. You pointed that out earlier. Emerging markets are weak. Tariffs raised on brazil and argentina. Those are two important emerging market countries. Really all resolves around resolving the trade conflicts. Stuart a lot of our commentators on the show talked about a meltup, a big yearend rally, we go up towards the end of the year. You dont think that will happen, unless we get some settlement of china trade . I definitely do not think it will happen unless we get a settlement of the china trade. Unless that settlement is good. We have been bullish and i am generally bullish, but how this trade deal comes through is going to be key to how the market does in our view. Stuart okay. Not so much of a meltup you think . Not so much of one . If it is resolved properly i think we could have a very nice rally. Im not saying it is negative. Im saying it is dependent. Stuart well watch for it john. Im moving on. John allison, thank you. Thank you. Stuart as we told you president is heading to london or will so shortly leaving for the nato summit. We expect him to speak to reporters when he leaves the white house. If he does, you will see it. Later this hour american Success Story<\/a>, about combat flags, americanmade, made by and for vets. The proceeds go to vets. Well have them on the show for you. It is cyber monday. We had blow out numbers from black friday. Were expecting blowout numbers from online sales today. How good are Secondhand Stores<\/a> doing. Well talk about threatup. That is the Largest Online<\/a> thrift store. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. Hey fred its medicare open enrollment. E. Time to compare plans. Were fine with what we have. Thats what the johnsons thought until they tried medicares new plan finder. The johnsons . We saved a lot on our prescription costs and got extra benefits. How bout it, fred. Plans change every year. Use the new plan finder at medicare. Gov. Comparing plans really pays. Look how much we can save. Stuart top of the hour we got some weak data on manufacturing. Weak data on Construction Spending<\/a>. The dow is down 130 on one stage. Were down 105. Were down 1 3 of 1 . China still upset at the president s decision to sign the bill in support of hong kong protesters. China announcing today, suspending u. S. Navy visits to hong kong. Look who is with us, right here in new york city as we speak . Commerce secretary wilbur ross. Mr. Secretary, welcome back. Good to see you. Thanks, good to see you, stuart. Stuart china says, official state media, we would like you, america to roll back tariffs on december 15th. Why are you laughing . Im sure they would like it. Stuart will it happen . Depends on their behavior between now and then. If they make a real deal that we can live with and enforceable stuart talking about the intellectual property, is that part of the deal . Lets start with agriculture. They promised 40 to 50 billion of agriculture. That is essentially ingredient to any deal the some parts of ip and the other Structural Reforms<\/a> will likely be in phase one but for the most part, they will be in a later phase. So the real question is how far do they go this phase . Especially how enforceable . Stuart how far have they gone so far . Well you dont have a deal on anything, until you have a deal on everything. So theyre making progress, but it is one step forward, one step backward. I do think the president is 100 right. They want to make a deal. The question, do they want to make a deal we can live with . Stuart have you any idea when a phase one deal might be signed . Can you give us any input on that . Well, you have a logical deadline december 15th. If nothing happens between now and then, president has made quite clear he will put the tariffs in. The increased tariffs. So the ball is in chinas court . Stuart absolutely. Youre just waiting for them to come up with something that allows these we need an overall package that meets our requirements for the phase one. And, if so, a lot of things might be possible. But it is great that he has the hammer of december 15th. That is a real hammer. It wont interfere with this years christmas. Nobodys reordererring stuff after the 15th of december. Retailers have stocked up. So, its a very good time if we have to put more tariffs on. Stuart but you think the president is in a strong position, our president , very strong position because weve got a very Strong Economy<\/a> . We have a very Strong Economy<\/a> and they have lots of problems. The hollowing out of their supply chains is quite considerable. I was just in vietnam a few weeks ago. Theyre a major beneficiary of the hollowing out of the chinese supply chain. Malaysia is getting some. Even bangladesh is getting some. So that is a structural problem that will not go away for the chinese. Second, there is too much debt in the economy, in the chinese economy. Stuart okay. They have got a real problem with that. Third, they have really have had their own Consumer Confidence<\/a> hurt severely. So you notice every month theyre marking down the rate of manufacturing growth, marking down the rate of gdp growth. My own guess it is probably slower than what theyre letting on to. Stuart as commerce secretary would you be allowed to handicap the likelihood of a china trade deal this month . Are you allowed to do that . Because our viewers were confuse the confused about this headline, that headline. People need to focus on the right deal. You can always get a deal quickly so meeting a december 15th deadline would be easy. All we have to do is roll over. The key is to get the right deal, whether it is by 15th or it is later. That is what the president made clear throughout. Stuart earlier this morning the president reimposed tariffs on steel coming in to us from brazil. Right. Stuart brazil is ally. The president of brazil a strong supporter of our President Trump<\/a>. Was the president taking a symbolic line, well deal with allies like this, well certainly deal with rivals like you . Even our friends must live by the rules. Our best allies must live by the rules. What the president was concerned about, was deterioration of the brazilian currency. That is a fair factor to take into account. Its a real factor. The lower their currency, the Cheaper Products<\/a> coming in. He felt he had to do something about it. They are not the only one where there are currency issues. For the moment i dont mow that china is such a bad problem with currency but they have been in the past. Stuart are you enjoying your life in washington . We are. Most days are good. Some days the poison darts get out. That is a little hard. Stuart before the Trump Administration<\/a> you used to sit with me on this show. We would talk about the state of the economy. Youre all smiles. We always said, no the billionaire wilbur ross joining us now. Are you still a billionaire . Who knows. Stuart you know. What do you think of Elizabeth Warren<\/a> . Well i think Elizabeth Warren<\/a> would be a good teacher. Stuart leave it at that . Yes. Stuart wilbur ross, always a pleasure to have you on the show that you couldnt be more definitive of china trade. You know how it is. You have to push i have to resist. Stuart you did remarkably well. You didnt move the market. Wilbur ross. Much obliged to you. We have tape coming to you momentarily, the tape of President Trump<\/a> what he said to reporters answering their questions as he left the white house earlier this morning on his way to the nato 70th anniversary in london. Right now, dow industrials down 127 point. We have the tape and were about to run it for you . Not quite. Not quite. Just a couple seconds while getting that tape ready, problem is you. Look at big tech. Its a down market. Big tech is taking it on the chin. Roll tape. Were fighting for the american people. It has not been a fair situation for us because we pay far too much as you know. Secretary stoltenberg said we were responsible, i was responsible for getting over 130 billiondollars extra from other countries that we protect, they werent paying. They were delinquent. Well talk about that. Well talk about a lot of things. Were leading the world on the economy. We have been almost since i became president. But were substantially ahead of anybody else. Nobody is even close. You know that very well and i look forward to having a number of very, very productive days for our country. Well be working hard. Do you have a question . Reporter [inaudible] doesnt make it better. See what happens. Reporter [inaudible]. No. The democrats, radical left democrats, the do nothing democrats, decided when im going to nato, this was set up a year ago, when im going to nato, that was the exact time. This is one of the most important journeys that we make as president. And for them to be doing this, saying this, putting impeachment on the table which is a hoax to start off with. If you notice there was breaking news today. Ukrainian president came out and said very strongly that President Trump<\/a> did absolutely nothing wrong. That should be case over. But just came out a little while ago, he said President Trump<\/a> did absolutely nothing wrong. And that should end everything. That will never end it. They will do what they want to do. Theyre getting killed in their own districts. I think it will be a tremendous boon for the republicans. Republicans have never ever been so committed as they are right now. It is so united. It is great thing in some ways but in other ways its a disgrace for our country. Reporter [inaudible] i love going to afghanistan. It was a great meeting. We have a great meetings with a lot of people, you know that, right. He was terrific. It was great meeting with him. My trip to afghanistan was very succesful. Were going to london. It will be nato and were meeting with a lot of countries they will have to do a little more burdensharing. Reporter [inaudible]. China trade deal still possible this year . The chinese are always negotiating. Frankly, i could be other places that i could do all by myself and be even happier. You understand what that means but the chinese want to make a deal. Well see what happens. Reporter [inaudible]. Well, brazil has really discounted, if you take a look what happened with their currency, they devalued their currency very substantially by 10 . Argentina also. I gave them a big break on tariffs. Now im taking that break off because it is very unfair to our manufacturers and very unfair to our farmers. Our Steel Companies<\/a> will be very happy. And our farmers will be very happy. [reporters shouting questions] reporter why dont you send one of our lawyers to represent your point of view before the House Judiciary Committee<\/a> . Because the whole thing is a hoax, Everybody Knows<\/a> it. All you have to do is look at the words of ukrainian president he just issued, you know its a hoax. It is an absolute disgrace what theyre doing to our country. [reporters shouting questions] stuart lets wrap this up. Here is what the president had to say t was a brief q a session with reporters. He was asked is a china trade deal possible this year . He replied the chinese are always negotiating. They want to make a deal. Well see what happens. He also mentioned brazil. He would reimpose tariffs today on steel coming to us from brazil. More on that, susan . Susan he talked about the devaluation of the currency in brazil by 10 . He said he has given them a big break when it comes to tariffs. Now looks like he is putting them back on. Secretary ross told you, brazil makes up 4 of u. S. Steel consumption. Not a big deal. Stuart not a big deal. I dont see how you can avoid your currency losing value when your economy is really in deep trouble. I dont see how they are blamed for that. What about impeachment . Ashley first he criticized democrats for holding impeachment hearing while he is at nato. He then was asked, why wont you send a lawyer to the impeachment hearing to have your point of view heard . He said it is because its a hoax, that is and quote, an absolute disgrace. Stuart i dont think any of the president s comments moved the market. Ashley no. Stuart i think the dow industrials are down 150 odd points because of that negative news on manufacturing top of the hour and not so much, but also the negative news on Construction Spending<\/a>. Susan i think trade has had a impact on sentiment at least. We took a leg down during the news conference. Were down triple digits. If you reimpose tariffs on brazil and still negotiating with china as we have a month to the end of this year, what does that mean for phase one . Stuart wellsaid. Were down half a percentage point on the dow industrials. This is socalled cyber monday. Record spending online is confidentially expected. Black friday saw records too. 7. 4 billion online alone. That was black friday which is supposed to be the day for bricks and mortar and malls. As the Holiday Shopping<\/a> season gets underway, extreme weather affecting parts of the country. That may help online sales, if you cant get out, you stay in, you go online. That story next. Most people think of verizon as a reliable phone company. woman but to businesses, were a reliable partner. We Keep Companies<\/a> 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. Hi, my name is sam davis and im going to tell you about exciting plans available to anyone with medicare. Many plans provide broad coverage and still may save you money on monthly premiums and Prescription Drug<\/a>s. With original medicare, youre covered for hospital stays and Doctor Office<\/a> visits, but you have to meet a deductible for each and then youre still responsible for 20 of the cost. Next, lets look at a Medicare Supplement<\/a> plan. 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You get all this coverage for as low as a zero dollar monthly plan premium in many areas. And your doctor and hospital may already be a part of humanas large network. If you want the facts, call right now for the free decision guide from humana. There is no obligation, so call the number on your screen right now to see if your doctor is in our network; to find out if you can save on your prescriptions and to get our free decision guide. Licensed humana sales agents are standing by, so call now. Ashley dont play this one very often. Stuart did you know . Ashley no. Stuart this song was written right after parking meters were first introduced in britain. At the time parking meter ladies, like rita were very unpopular. Because before the parking meter you could park the car anywhere as long as you like. Along came the parking meters and, then the beatles came out with a very nice song, about lovely reader meter, rita. Susan what year were they introduced . Stuart 64, 65. I remember seeing them pop up in london. Ashley what a sad sight. Stuart look at it now. Enough of that. Check the big board, not quite the low of the day but we are down. 155 points lower. Of half a percentage point to the downside. Show me google. Because the European Union<\/a> is opening a new antitrust investigation. This is what their Data Collection<\/a> . Ashley the Data Collection<\/a> practices. Apparently, reportedly involves local search services, on lied ads, ad targeting, long in services, web browsers, so much more. Eu regulators fined google more than 8 billion in recent years over antitrust issues. You know, theyre also facing heat here in this country, google, from susan antitrust. Ashley antitrust. Stuart we keep hearing something about antitrust stories against google but nothing happens. Ashley until something does. Stuart were well below 1300 a share. Maybe this is having impact. Impact from the winter weather. Real tough on people trying to get home for back from the holidays. Kristina partsinevelos at, Laguardia Airport<\/a> new york city. Tell me about the delays. Go ahead. Reporter storms sweeping across the country causing a lot of headaches especially at airports. According to flightaware, newark is the worst followed by laguardia. I happen to be standing in front of the American Airlines<\/a> board. We reached out to them. On the board there are five delays. According to them 7900 flights they have, only 75 cancellations. Unfortunately the vast majority of them are in upstate new york as well within the new york region. But if were talking about the storm, were expecting wind, ice, ice being a major factor for a lot of these planes. You can see the weather. It stopped raining. It is not as bad. It is very slippery. That is causing numbers across the country. Total delays across the United States<\/a> at the moment, over 1200. There is over 275 cancellations. This is according to flightaware. Obviously will create some type of economic impact, especially during this busy, busy time. But stu, right now it has not been too unpleasant for some of the travelers here. Wait times are ten minutes. Youre seeing increasing number of delays and cancellations across the board. Back to you. Stuart im glad im not traveling. Im glad im not at laguardia. That is the way it is. Kristina, thank you very much. Cyber monday, yeah, it is. Lauren simonetti is checking out the best offerings. Give me hot deals now . Buy online pick up at store. That rose 40 over the year. Childrens place, limited time, save extra 5 , buy something online, go to the store to pick it up. On this website, everything 60, to 80 off. If you pick it up in store get an extra 5 . Look at the that, were too lazy. I must have it now to owe as opposed to item to ship. Tvs, good deals today. Average 19 at walmart. 65inch much smart tv, 700. That is way more than 19 . That is almost half off the deal at walmart. Finally, luxury, luxury is very good deals thanks to the barneys liquidation. Bergdorf goodman, 60 off. Many designers. That is rare. Usually dont see luxury items. Not just bergdorf, but many online retailers. Stuart you got our tanks on that one. 60 is discount i can go for. On my commute to work, bought a lot of items for myself. Real by good deals at really good stores. Stuart that is part of the work day. Thanks, lauren. I want to bring in kristin benz with the kb adviseory group. Kristen knows about online. This sounds ridiculous, i know it does, when will we see Online Shopping<\/a>, christmas presents, hanukkah presents, when will Online Shopping<\/a> for those presents exceed shopping for those presents in bricks and Mortar Stores<\/a> in malls . I think were close to seeing it. In fact after todays cyber monday you may see it completely replace it. We had so much handheld shopping on thanksgiving day, black friday, cyber monday, i think 2019 is the year where it overtakes bricks and mortar to answer your question. Stuart 2019 . Really, already . Im not counting grocery in this at all, obviously not food items. Im not counting that. Saying when it comes to shopping for present in this holiday period, you think this year, online, boats bricks and mortar . That is kind of quick, isnt it . It is kind of quick. This has been a while in the making. Look at amazon. Look at target. Look at walmart. Weve been training the consumer. Finally the retailers are catching up to consumers. It is actually like a consumer evolution story, really. That is so fascinating about consumer behavior. So, this could be the year, stuart. Stuart yeah, this could be the year, stuart. I heard that before. My problem with going into a mall, or a Department Store<\/a> or shops and malls is, that computers have not speeded things up. You stand in line. You got counter hands who really dont always know that much about the computer, how to take a credit, how to take a return, how to take this and that. So you end up waiting online for a long time. I dont think people want that any longer . I heard this out of your mouth before. Very much like love actually, where youre standing at the cash wrap forever, waiting for someone to catch up. So that is the irony of Consumer Retail<\/a> is, that they have all of these fantastic measures that theyre putting in to get your dollar online. Remember we have a saying in retail, just take the money. If you cant just take the money, that customer moves on. Stuart stay there for a second, will you please . I want to report of crash of costcos website. I think it was on actual thanksgiving day. It cost costco a lot of money, didnt it, susan . Susan 11 million, because after 16 hour outage. Affected 3 million customers. 10 million isnt a lot of money. If you think about it, that is lost revenue for customers that go elsewhere as well. That probably impacted them through the threeday long Holiday Weekend<\/a>, right . Stuart i really like costco. I like their Business Model<\/a>. I love their stores. Susan recurring revenue, membership fees, all that great stuff. It wasnt just costco. Nordstrom, home depot experienced delays as well. That impacted on a record thursday which had 4 billion in spending for americans. Especially stores that opened for the very first time. Stuart kristin, come back in again, please. This sounds like real bad news for the cost coast in this world. You have 14, 15, 16 hour crash of your website. Thats really bad. That is a lot of dollar hotdogs, stuart. I dont know what they were thinking. Stuart well, you know, i dont know what to do about it. I dont know what they can do about this, but it seems to be a, not a great thing to happen to you . You have to be prepared. It is so ironic a company as large as costco which is so used to moving large amounts of product through channels would be asleep at the wheel here. This is another example of retailers that really have to pay attention. We know it is the christmas season. Comes every year. Why werent you guys ready . I hate to be at the meeting monday. Stuart were not. Kristin, thanks for joining us. See you real soon. My pleasure. Stuart we have a Success Story<\/a> for you. An american Success Story<\/a>. This is about combat flags, theyre americanmade and made by a vet. The proceeds go to helping vets. That company with us shortly. President trump gearing up to leave for the uk. He will attend a meeting with nato leaders. He will also meet the queen. Well expect him, he has already spoken with reporters. We told you what he has to say about china trade. Did not move the market. Next, china wants tariffs rolled back on the phase one trade deal. So are we going to see a deal signed anytime soon . Commerce secretary wilbur ross was dubious about that. Ashley he was. Stuart wouldnt, noncommittal, thank you. He was on the show earlier. He was noncommittal about that phase one deal. Well be back. Im your 70lb st. Bernard puppy, and my lack of impulse control, is about to become your problem. Ahh no, come on. I saw you eating poop earlier. Hey my focus is on the road, and thats saving me cash with drivewise. Whos the dummy now . Whoof whoof so get allstate where good drivers save 40 for avoiding mayhem, like me. Sorry hes a baby shaq chime magenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill available at. Stuart one stage we were down 200. Now were down 140. Thats about a half percentage point. This is a down day, despite the strength of consumer spending. Have a look at mcdonalds. They have announced they started to test their southernstyle Crispy Chicken<\/a> sandwich. They will test it today in houston and knoxville. Theyre going after popeyes and chikfila. Mcdonalds stock languishing at 194. Cyber monday, lets get back to that. There is a connection here. Thredup, billed as the Largest Online<\/a> thrift store. The ceo and founder James Reinhardt<\/a> is with us now. James, you are the Largest Online<\/a> thrift store, that it . Is that true . Thats it, stuart, yeah. Stuart so i, is it like a consignment store . I send in my stuff and you put it online and try to sell it . If you sell it i get a piece of the action, that how it works . You nailed it. Youre good at this stuff. You send us things you are no longer wearing. We put them online for other consumers to buy. I wouldnt have thought you would do very well in december, because, im not so sure i would go and buy and give somebody secondhand clothing as a present, you know what i mean . Yeah. I mean that was true over the last few years but the tide is changing. Consumers increasingly embracing secondhand there was a report out by accenture. More than half of people would be willing to accept secondhand exist this is christmas. We did Research Among<\/a> our customers. We found out eight of 10 young people were willing to give a secondhand exist. So i do think that the tide is changing. Stuart how much is your business improved this year compared to last year . How much are you up . Were up huge this cyber monday, black friday, this whole weekend has been very, very big for us. Stuart when you say up huge, give me some numbers on this because im intrigued. We know it has been a very, very strong online Holiday Season<\/a> so far. You give me some numbers. Yeah. Thanksgiving and black friday we were up over 100 yearoveryear and were seeing the same trend off this morning. And so, its a very, very big time for us, you know the growth is very strong for our business. Stuart now, i understand, that tomorrow is called giving tuesday. You factoring up for that . You know, gearing up for that . Yeah. We do giving tuesday a big part of the year. We do charities for the year. One of the things we didnt call attention to you, if you send us stuff you are no longer wearing, instead of making money for it you can donate proceeds to charity. A big part of thredups Business Model<\/a> you can make money and do good. Stuart can you tell me how much money youre funneling towards charities . I dont have the number off the top of my head. 10 of customers choose to donate proceeds. It is not half, 10 of the average customer does that that is a good number. Stuart how long have you been in business. We launched the business about 10 years ago. Stuart thredup, the largest, Online Thrift<\/a> store in the United States<\/a>. 10years old. You run it. Youre expecting a big day tomorrow. James we are. Stuart i wish you well. A terrific Business Model<\/a>. That is fascinating. Thanks for joining us. We appreciate it. Thanks for having me. Take care. Stuart disneys frozen 2 made already what, 700 Million Worldwide<\/a> . Wow, that is worldwide. Only been released 10 days ago or something. How much did it make in america over the Holiday Weekend<\/a> . Susan 124 million from wednesday to sunday. If you take it globally, made 249 million in the five days. This is the second weekend its been out. Were looking over 700 million in total. Really disney has owned the box office this year, owning 50 of the take, including over thanks giving weekend as well. Theyre on track to make 10 1 2 to 12 billion just from the box office. That factors a very strong opening for the star wars movie next month. Stuart that is this month. Susan right. Stuart cant remember the name of this one. Ashley the rise of skywalker. This is the final chapter of the skywalker saga. We had the force awakens and return of the jedi. 200 million out of the gate. Stuart 200 million. Ashley this is the last star wars movie for a while. It will go on hiatus. Susan come on. Ashley it will go on hiatus for a few years. Well find out early january. J. J. Abrams cowrote and directed the latest one. Iger said, well be doing some things but wake back a little bit for film versions. Susan think of the merchandising. One of the bestsellers, over black friday, cyber monday, frozen 2 toys. Stuart yes. Susan think how well baby yoda will sell. Stuart cant wait. Ashley when its available. Stuart president on the way to london. He will attend the nato summit. Next hour, nigel farage joins us. How will President Trump<\/a> be received over there . Nigel will tell us. The white house has released a preview of this years Christmas Decorations<\/a>. The theme this year, the spirit of america. In the next hour well take you on a tour of the new Christmas Decorations<\/a> in the white house. Youll see them. Next we have veterans lining our hallway holding combat flags. This is another american Success Story<\/a>. Those flags are made here by a veteran. The proceeds go to veterans. We have the full story. An american Success Story<\/a> for you after this. Stuart check the big board. Low of the day, ladies and gentlemen. Were down 208 points, 209 now. Minus 3 4 of 1 . We have negative read on manufacturing and Construction Spending<\/a> at the top of the 10 00 hour. The president made some not so positive remarks about trade, combine it all. You have got a 200 point loss for the dow industrials. That is where we are right now. Were down across the board today. Awed side of our studio, 10 Veterans Holding<\/a> specially designed american flags made of camouflage uniforms from different branches of the military. This is an american Success Story<\/a> and here to explain, combat flags, is the ceo of combat flags, former sergeant dan beri, is that the correct pronounce situation . Yes. Stuart we have the flags on display out there. Camouflage uniforms here . Yeah. So the flags that i make are actually made out of dutyworn fatigues. That is what you have got right here. The purpose of combat flags to support veteranowned and operated nonprofits working to lower suicide epidemic rates within the military community. Stuart why the combat fatigues . Fatigues, theyre the most iconic piece of gear anyone is issued in the military. What the average civilian recognizes, what they see. I figured if i take something we have so much of, turn it into something i could share with the world, they could hold, touch, feel, get a sense what it means to serve. Actually each of the flags comes with a short story about the person who wore the material we used to make the flag. Stuart ah. It takes military service out of the big numbers on the news. Makes it personal to joe, to jessica, to rob, whoever the soldier, marine, whoever. Stuart if i were to buy one of those flags it comes with a story, which serviceman or women contributed the camo and you will rest of isnt. Yes. Stuart who made it and away we go. Correct. Stuart how much . The flags weve got here, the original combat flags out of dutyworn gear are 35. Larger outdoor flags are 38. Stuart how many have you sold so far . Tens of thousands. Stuart you have . Tens of thousands. I started it with 50dollar investment out of my bank account. It has grown to what it is today. The biggest reason, from these flags i make 50 donation to a nonprofit called stop soldier suicide. Stuart fantastic. Fantastic. This is parttime hustle. I have a fulltime corporate gig out of this. Stuart well don, young man. Combat flags. Combat flags. Com. All over facebook and instagram. Stuart that is american Success Story<\/a>. We appreciate you being with us. Thanks for having me. Stuart youll be back, if youre not careful. Thank you very much indeed. President trump heading to britain now, where he meets with nato leaders. How will he be received . What do the brits think about the president . Well ask nigel farage for all people. Elizabeth warren doubling down on the rich, saying no one in this country got rich on their own. Were all over that next hour. Guess what, pete hegseth will be with us. I think we have a booming economy. Blowout numbers on black friday. Mirroreds expected today. Cyber monday. That is my take. Well cover it next. Stuart isnt this ridiculous . On one hand we have a movie booming economy, the trumpet economy, the best in years Holiday Shopping<\/a> season, but in congress the democrats are trying to remove trumpet from office, impeachment returns this week are quite a contrast. For money is doing fine, but congress is a mess and doing nothing. Look at what is happening this week. Todays cyber monday and just about everyone is predicting a new online selling record, the weather is on amazons aside and we have already seen blow at consumer over thanksgiving and this friday we will hear more about strong job creation a record low unemployment. Check your 4o1k and see if you really want to throw this president out of office. Thats what the democrats are trying to do. On wednesday they have lined legal experts to testify for our after our about what charge they can use it to get tromped out. Lawyers try to convince us to overturn the 2016 election in my prediction is the trump hating media will be all over the series, but america will ignore them and so will investors. Its no accident the market hits records high as impeachment rolls forward. It is a swine operation and just as the democrats try to bring him down President Trump<\/a> will be across the world stage celebrate in the 70th anniversary of nato in london, what a contrast. The president dominates the meeting of World Leaders<\/a> and the democrats bring in the lawyers. I guess we should be happy. Therapy is a wonderful thing, but this vengeful hounding of the president leaves a bad taste in your mouth. The third hour of varney co. Is about to begin. Stuart lets get right at it with jason, managing director. Jason, i say investors do not care about impeachment. What say you . Clearly the collective wisdom of the markets suggest investors dont care. You have a consumer which you alluded to before that is greatly empowered between record low employment, wages on the rise and look at this weekend alone an ad in todays sales with looking out over some 20 odd billion dollars in online sales and thats just online. Forget impeachment it doesnt count on wall street, but thats because no one really thinks he will be thrown out of the oval office. Its a statistical improbability. The market discounted that a long time ago. Proceedings many view as an utter bore and i think the focus has been and it should be on the real data which has been incredibly strong. Stuart you say i read your stuff. Someone does. Stuart you said that the investors were wrongfooted the sheer. I think that was your expression, wrongfooted. What do you mean by that . There was several trillion dollars on the the sideline, hedge funds were short, mutual funds underperforming, so you have investors climbing the proverbial wall of worry having to buy into what has been robust data that empowers them to start it involves. Stuart so they kind of missed the boat with all that money on the sideline. A lot of them have, correct. Stuart down to under 25 points right now, thats a pretty strong selloff. Is that just because of the weak manufacturing number at the 10 00 a. M. Hour and we Construction Spending<\/a> or is there something more . I think its largely manufacturing numbers. I was pleasantly surprised to read this morning that chinas retaliation or lack thereof with respect to the hong kong bill, i thought the market in the week we at least we started the day with a positive reaction, but he gets back down to the feasibility of when we get trade because to get trade we then have to have business spending which in turn continues to empower the consumer. Stuart so, we dont have a serious problem although we are down 200 points. We had a terrific month, the best month since june, the s p up, lets not fret about gardenvariety pullback today. Stuart why would a man like you in a position like yours say you like gold and suggest investing in gold, why . Because theres part of an overall Asset Allocation<\/a> having a portion of your money in a store of wealth makes sense. All the factors that drove gold up earlier this year are still intact. Went straight trade started to gain traction you saw pullback in the price of gold but real rates are likely to remain low and Global Economic<\/a> wrist risk is still bit tightened and you continue to see flows of dollar into gold, central bank continues to buy gold so im not suggesting it being a large portion of a portfolio, but has a bit of insurance policy, most certainly. Stuart pratt 5 in gold . No more than that. Stuart how would you buy the gold, gold coins, gold mining shares, what would you buy . The best way to express it is through Exchange Traded<\/a> fund. Its not the perfect way to track the price, but given the liquidity and transparency for most individual investors that is the way to go. Stuart gld . Thats right. Stuart but no more than 5 of your money . Thats right. Stuart no way; right . Jason, thank you for joining us. Thank you. Stuart i wait you to check disney, show me that stock with a down day and disney is down a couple of bucks, back to 149 but they have an extra day run up success weekend with frozen to we covered this before but it is so outstanding speech you in five days 132. 7 million at the domestic box office, worldwide 738 million on track to be disneys 6 billiondollar movie of 2019. Could there be number seven . Absolutely pure december 20 and it news style star wars arises. If this tops that disney could have seven, billion dollar movies 2019. I hate to go back to this, but baby yoda, a disney product c2 streaming only. Stuart wheres the baby yoda merchandise . Susan you can get tshirt and toast and mugs but no toys. Stuart why not . Susan hasbro will have it ready until 2020. Stuart why doesnt have it ready . Susan they pull back on the promotion early, so i guess they just didnt get it in time. Stuart you mean they were watching the show. Our producer insisted that baby yoda was a cultural phenom. Do you think it is . Susan i have not watched the mandatory in i cant say. I have not. Susan the internet loves it. Stuart i have to take a producers word for it. One last item, starbucks has a drink inspired by baby yoda. Susan you know its a hit when starbucks has it. Im on instagram and kids are posting pictures of the baby yoda from pacino. Actually, would you buy that . Looks like a diabetic coma drink. Susan kids love this stop. Stuart anyone who doesnt have very very Young Children<\/a> or grandchildren hasnt got a clue what this baby yoda stuff is c2 its a secret menu which makes it more cool. Stuart like it or not, im moving on. Susan please. Stuart Elizabeth Warren<\/a> is doubling down on her war against success tweeting that same soundbite from 2011. Criticizing the wealthy saying they didnt build their businesses. Pete hegseth, reaction to that coming up. President trump conjoint base entries on his way to london. Out the british will react to him. I will ask nigel farage, this is the third hour of varney co. We are just warming up vo the moth without hope, struggles in the spiders web. With every attempt to free itself, it only becomes more entangled. Unaware that an exhilarating escape is just within reach. Defy the laws of human nature. At the season of audi sales event. Most people think of verizon as a reliable phone company. woman but to businesses, were a reliable partner. We Keep Companies<\/a> 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 cosco had their website crash. I think it actually happened thanksgiving day. How much did it cost them . Estimated 11 million it is 11 million that could have gone elsewhere. They were down for 16 hours and what you saw on the screen was intermittent slow load and reaction times, so after that it affected 2. 6 million users who may have gone the other way. These things happen, worst time possible, but it happened to target last thanksgiving. In their site crashed as well but not good news for cosco. They will probably make that up the. Stuart stocks have retreated a bit, but not that much. Elizabeth warrens were on the wealthy gets a lot of attention, but its nothing new. D remember this . Roll tape. Class warfare, whatever, no there is no one in this country who got rich on his own. No one. Youve built a factory out there, good for you, but i want to be clear, you moved your goods to market on the rose the rest of us paid for. Stuart that was eight years ago and she just tweeted this, i mean, she has double down. Heres what she just tweeted its a point ive made sense my first campaign, no one in this country got rich on their own. They relied on infrastructure we all paid for, employees we all paid to educate, so if you are successful good for you, now pay it forward so everyone has a chance at success. What you think about that, more to the point where does pete hegseth think about that. Fox Friends Weekend<\/a> cohost with us now. Go. Doubling down on a position like that reinforces why i believe Elizabeth Warren<\/a> will not be the nominee, she certainly wont be president of the United States<\/a>. She says shes not a socialist. If you are a big social issue meaning you believe in the means of distribution so since she says the means of distribution are something we pay for, now, we need to control the means of production and attics lanes by she wants wealth taxes and to tax the legionnaires and millionaires much as possible. Think of it this way. I send my kids to private school yet i still pay property taxes, does that mean i should go to the graduation from the kids of the protest Public School<\/a> and say you should thank me for the Public Education<\/a> you got of course we all pay for things sometimes we dont use, but it doesnt mean that america is not special for what you build through the hard work you give. Its lunatic politics and wont connect with average people. Stuart what surprises me is that she came out with the medicare for all plan, what was it 32 trillion . Outrageous. Stuart it was criticized harshly. She sank in the polls, she really did and now she comes back with more socialism. I dont understand it. Its because thats who she is. The political reality sunk in and she said will get rid of all of your private health insurance. Then she backtracks and says but, i wont do it until the third year of my presidency because i need to roll it in because the political reality sunk in. At the end of the day the only way she has a chance is to be authentic. The problem is shes authentically socialist and as the president said america will never be a socialist country at least not at this time on his watch which makes her elect oral prospects about as good as yours. Stuart and i wasnt born in the United States<\/a>. I will show you something from joe biden over the weekend. He appears to be biting his look. I dont get it. Is that a little creepy . Its just creepy joe biden. Get that finger over here, i will take it, i mean, who does that . Your wife, fine, whatever. Is kind of the weird uncle you try to avoid at thanksgiving. Someone you wouldnt mind may be having a beer with. He will tell a story that doesnt make any sense and you can laugh about it later. There was the thing about the hair on his leg, weird stuff hes talked about. Hes also not going to be president of the United States<\/a> because imagine him and i debate stage. He says he will stare down donald trump in a debate. Imagine him attempting to go toe to toe at a National Debate<\/a> . People be what is he saying . Stuart joe biden will get the sympathy vote because no one wants to go up against donald trump. Its weird and creepy and every day it is the report about what trump said. Barack obama plucked him out of the 1 pile dirt never been more then joe. He doesnt have a rationale. No malarkey, no one knows what it means. Even put the definition on the bus because it hasnt been used since 1950. Stuart i dont ever want to cross you. One last one. Our last segment, saying you got a get into gold. Get into gold, i present your your money or does that make you think twice about your family bitcoin . No, im already in. Stuart switch to gold . I already have crypto gold, its a bitcoin. Keep the competence of their. Political and socio negative socioeconomic complications. China is coming against a bitcoin because they hate its ability really to undercut totalitarian government. There is revolutionary upsides to bitcoin. I cant give you predictions. Stuart i went to see the price of bitcoin i dont want to see it come down anymore because those drug dealers will be bankrupt. And my kids wont go to college. Stuart thank you for joining us. Couple of individual stocks are moving. Roku down big, 15 down. Morgan stanley says its underweight. Downgraded it. Stuart said it will be difficult for roku to keep Profit Growth<\/a> going as steady as it is. Look at that, 15 down. Casino stocks, macau, gambling revenue down on china trade worries. Vegas sans is down, Melco Resorts<\/a> is actually. First Lady Melania Trump<\/a> getting into the christmas spirit. We have an inside look how she decorated for the season complete with a mini white house at that calendar. We will show you everything next chime shaq magenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill available at. Here, it all starts withello hi . How can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone wifi up there . Uhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your local xfinity store today. Stuart first Lady Melania Trump<\/a> has unveiled White House Christmas<\/a> theme. What is it called . The spirit of america she put out a tweeted late last night, just showing some of the gorgeous decorations. She put out a tweet saying the spirit of america is shining in the white house and im delighted to share this exhibit of patriotism for all to see and experience the beauty of the christmas season. Stuart absolutely beautiful. What is your take . Susan that scrabble ornament to just size part of your her the best campaign and also there is a cold start decorated Christmas Tree<\/a> for all of those that lost their lives in service for our country. Stuart stunning and classy. Lets get to your money. It is indeed cyber monday shaping up to the biggest Online Shopping<\/a> day ever. Thats a big deal. We had the ceo of retell me not, thats a website that gives you online coupons for your favorite stores. My question is, do these coupons actually work . Do people use them . We will ask. A winter storm blanketed in at least half of the country as people are trying to get home from the holidays. A jeff is that ohare. I understand hes bothering travelers. He will give us the latest, after this i wanted more from my copd medicine thats why ive got the power of 1, 2, 3 medicines with trelegy. The only fdaapproved oncedaily 3in1 copd treatment. Trelegy the power of 1,2,3 trelegy 1,2,3 trelegy man with trelegy and the power of 1, 2, 3, im breathing better. Trelegy works three ways to open airways, keep them open and reduce inflammation, for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. Tell your doctor if you have a heart condition or high Blood Pressure<\/a> before taking it. Do not take trelegy more than prescribed. Trelegy may increase your risk of thrush, pneumonia, and osteoporosis. Call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. Think your copd medicine is doing enough . Maybe you should think again. Ask your doctor about oncedaily trelegy and the power of 1, 2, 3. Trelegy, 1,2,3 man save at trelegy. Com. Stuart it is a down day. We were up 200 on the dow industrials, down 24 in the s p is significantly lower, 105 points down the nasdaq, so bad manufacturing numbers in the 10 00 a. M. Hour and week Construction Spending<\/a> numbers at the same time , that is the primary force pushing stock prices down. Now, the weather well thats making things difficult for people trying to return from their holidays. Jeff is that chicago airport. Jeff, it seems to me the last thing those frustrated travelers one is you and your camera stuck in their faces. Are you getting some resistance . People are very friendly. I see a lady with a dog. Oh, he bit my finger. He did . No, hes fine. I have good news, mr. Varney. If you look outside the funnest shining in chicago and thats positive. The northeast there is still a problem. I want to take you to the boards and let the bother someone. You are going to manila . Yes. Are you delayed at all or are you okay . My flight is 4 20 p. M. I came in from iowa on a dallas a bus so i went to be sure i was here at the airport so i came in from last night. Im going at the later flight. But, you are all good yes. I was wondering about you guys. Im still here, still bothering people. I leave you with the board, mr. Varney. There are some delays, northeast particularly, boston, new york, philadelphia to some degree, but International Flights<\/a> are all good and the sun is shining in chicago. We like to leave you with a blue skies. Stuart you almost lost a finger there. That dog may have been small, but he had big teeth. Stuart you are bothering people, bothering dogs, who cares, what a guy. We will get back to you later on. Thats what he gets paid for. Stuart if you figured youd stay indoors with all the terrible weather, you are probably shopping online. Lets bring in our next guest, ceo of retell me not. That is the online coupon people. Marissa is with us. Marissa, i thought the coupons that day has come among god. Tell me im wrong. You are wrong. On sorry to say, but coupons are changing. Pricing and best prices still the number one things consumers think about this time a year when shopping for themselves and friends and family. How you get to the best price could be a coupon, cash back, Free Shipping<\/a> or all of those above together, but price Still Matters<\/a> in addition to convenience and will i get my item on time and coupons are oneway retailers get there. Stuart fair point, i dont mean to be down, i just havent used them recently. So, i go to your website, retell me not and i am presented with a series of coupons i can choose from and download them i guess. I get the discount. I always get the feeling that you are tempting me too buy something that i dont really want. 20 off oh, i went back, but i dont really need it. Do you know what, i mean . This time a year is about finding the best price on something youre interested in and the thing about retell me not, we are a website and at or you can find discounts, coupons on cash back with basically every major retailer. You can copy and paste the coupon when buying at checkout or show the coupon code to an instore person while checking out if you are buying instore, but its pretty easy to use. Dot concept we see is about 50 of americans say they will spend more if they have a coupon or a way to save with that retailer so think it sig alert as a way to do more with the money you have and less of an incentive to buy more. Stuart i understand, fairpoint. Had he make your . Do you get a piece of every coupon used . Yes, we have an audience of over 20 million mobile monthly users and retailers and brands at restaurants pay retell me not for access to that audience so think of it as a way to drive traffic to every major retailer because we have such a large active audience of consumers looking for savings and discounts. Stuart how long have you been in business . About 10 years. We started as a desktop website and evolved into a major mobile powerhouse with regards to spending consumers actively shopping. Stuart if you are a major mobile powerhouse, and you are 10 years in business, are you going to tell me your gross revenues for this year . You dont have to, but would you . I wouldnt. I will say we are doing well and our mobile business is growing and we are excited about expanding not only into new categories of retail , but food and dining. Over the past few much you can save on a lot of your favorite food and dining establishments all over the us, so look more growth to from us. Stuart brilliant evasion of the question, but i dont mind. Marissa, interesting. Thank you for straightening me out. Lauren simonetti is with us and shes been tracking deals, Cyber Monday Deals<\/a> all day long and shes back life. What is the latest deal . Better than black friday. The ring doorbell, 129, 70dollar discount. This is the time in the year to buy bigticket items. Home depot, look at their appliance section, up to 40 off in addition to other perks. Who 2 a month if you sign up for an annual who subscription and a disney plus, 10 saving so if you do the annual pass its 60 inside of 70. Stuart those really are deals. Interesting. I find that fascinating. I will give you 10 off the next story. Stuart before we go there, the attention, the bottom righthand corner of your screen, a market selloffs. Almost the the dell day, below 20000. It is on manufacturing and Construction Spending<\/a> hurting the market. Next cases netflix, the irishman came out over thanksgiving and did well . It did very well. We dont know the numbers. Bird box came out a year ago and did well, 45 million i think viewings or downloads. We dont know the number sure this. Three and a half hours long. People may not have gone to the box office as much. And fax box Office Receipt<\/a>s are down 60 yearoveryear in the holiday period. I watched it, the irishman, fantastic. My wife was asleep in the first five minutes i woke up at the end and said was it any good. Stuart as the beauty of watching a long movie at home. You can pause it, do you want to do and its a lot not like watching in the cinema where you are trapped. In the old days you would have intermission, no such thing any more. Stuart we dont have the numbers for netflix. We dont know how may people watched the irishman. Ive a feeling it did very well. Stuart overall downmarket. May be netflix is just swept up in. President trump is on his way to london for the nato summit and coming up nigel farage live from london i want to know what kind of reception the britts will give our president and what is this about america getting involved in britains National Health<\/a> service . Not popular with the britts, will tie you that. Keep it up keep it on varney co. Each day our planet awakens with signs of opportunity. But with opportunity comes risk. And to manage this risk, the world turns to cme group. We help farmers lock in future prices, banks manage Interest Rate<\/a> changes and airlines hedge fuel costs. All so they can manage their risks and move forward. Its simply a matter of following the signs. They all lead here. Cme group how the world advances. Stuart Chinese State<\/a> media, the global times reporting that china wants america to roll back the terrorists as part of a phase one trade deal. Edward lawrence, come on in, please. Roll back those tariffs, thats what we want. Thats what they have been after since the beginning of this trade process took about a part they possibly could about a problem, the president signing the hong kong human rights meal bill into law and the chinese retaliated. That did not derail the trade talks as they go forward. Us saw as china sees that hong kong issue separately. As you said the Chinese State<\/a> media saying they insist the us rollback the tariffs on your program. Secretary wilbur ross said of coarse the chinese was the tears rolled up back because thats what brought them to the table in the first place. Listen. The chinese are always negotiating. On that very happy where we are and frankly i could be other places and be even happier and you understand what that means but the chinese want to make a deal. We will see what happens. We do not expect the phase one deal on paper as the president is in london for those nato meetings but the two sides are talking and that is a positive. Stuart got it, edward lawrence, thank you. President trump is on his way to london for the 70th anniversary of nato. Come on in, nigel farage peer good to see you back with us again. Thank you. Stuart tell us what kind of a reception with the britts get to our president . There will be some protests. Those protests are based around some complete myth about the National Health<\/a> service and how once a brexits been achieved on the trump will buy up our health service. Thats a nonsense. I dont think you will see the kind of protest like in the past when President Trump<\/a> came to the uk. I think actually Public Opinion<\/a> has softened towards the president. Unlike our politicians he actually keeps the promises of that which he elected. The summit itself is very important. For 70 years natos bit at the center of the European Defense<\/a> and its now facing threats unlike at any other time in its history. On the face of it, is because over 20 of the 29 members refuse to pay the 2 of gdp in defense which is the membership of the. Behind it is something bigger. Of the European Union<\/a> has created a European Defense<\/a> union. They want to complete their army, navy and air force by 2025. Listen to what the president and others are saying they actually want to break nato or they want break nato by their instinctive antiamerican in the European Union<\/a> and so the pivotal role in all of this is Boris Johnson<\/a> and the britts because if we do not cohead with the European Defense<\/a> union it loses its biggest military power and i think if the british that need to save nato. I dont believe for a moment President Trump<\/a> will ditch americas commitment to nato but the others have to Start Playing<\/a> the game so its a big moment. Stuart i see a big role for britain and America Emerging<\/a> again a special relationship because the britts need america and America Needs<\/a> the britts in that nato alliance. I mean, it seems like this is a special relationship, which is really developing and it grieves me too see this kind of major development, our president striding the world stage and back home they are trying to get him out of office with some impeachment deal. It really bothers me. Yeah, to us of course the impeachment proceedings are a bit of a mystery and it looks like its dogging american politics. One of the great successes for donald trump is been in the field of foreignpolicy and just the very fact hes been able to meet with the north koreans and that hes not a persistent warmonger and that he genuinely once met nato to grow up and start paying the membership fee. Hes remained a vital position. We havent even mentioned intelligence sharing, the English Speaking<\/a> five countries that share intelligence when we threat. Im actually with you. I think the special relationship now in terms of global geopolitics is more vital than its been for decades. Stuart let me tell you how people see things going from over here. In america, we expect to see Boris Johnson<\/a> when the general election on december 12. And he will then take britain out of the European Union<\/a>. I think its by january 31. Thats the way americans see things progressing. You may not agree with that or like it, but that is what we think will happen. Your comment . I am the father of brexit and i think many acknowledge that. I want brexit and i think boris will get the majority perhaps not big one, but he will get the majority and deliver brexit, but im pushing as hard as i can to say make sure its not brexit in name only. Make sure we are trapped inside this thing for many years to come and make sure we are free to do new deals, new relationships around the world and a fresh start on trade with the usa would be a very good place, so is brexit coming . Yes. Will it be the right brexit . The jury is still out. Stuart one fast when. Is london still reeling from that terror attack they had i think friday of last week . Yes, it was friday and to some extent we are really. We have seen this in the past, but the real shock is we have 70 75 people who have been convicted of terrorist offenses, some planning mass slaughter attacks who have been let out of prison having served to this as short as a six years and are now pretty freely wandering the streets of our country. I am absolutely outraged by it. It to serve you in the United States<\/a> of america took its the extent to which the liberal elite im afraid arent charge of the system. Stuart i wouldve thought that news item you just revealed the 70 people let out early, thats a pause for Boris Johnson<\/a> because he surely takes a hard line on this stuff. You have not so, but hes been part of the government in power for 10 years and frankly very very soft on this. Boris since the outrage has said hes very angry about these early releases, but hes been part of a government thats done nothing, not lifted a finger to stop it. These of six men planned a massive on the London Stock Exchange<\/a> aiming at hundreds if not thousands of people killed. They served six years in prison, all of the six were released, one has been re imprisoned for fresh terrorist plot, one has broken his parole terms and is back inside and a third has committed slaughter on a london the bridge and there were 75 more people out there like this. I cannot tell you how angry this makes me. Stuart the whole country, im sure. Nigel farage, thank you for joining us. Thank you. We have some stocks moving big time today. Remember its an overall downmarket. Zoom communications as a big Video Conferencing<\/a> startup down big. Selling over 1. 13000 shares in the company with 950,000 Insider Selling<\/a> down goes the stock. Beyond meat, they are down. They are looking for a reason we are looking for reason, down 5 . They are rolling out their fake meat at taco delmar. That the mexican fast food chain and we will keep our eyes on the stock that is right now down 5 . Next, Kamala Harris<\/a>, one of her top aides quit as a blaze of glory over the weekend writing a scathing Resignation Letter<\/a> about how poorly the campaign treats staffers and guess where she ended up, over at Michael Bloombergs<\/a> campaign. What a story. More varney co. On that after this most people think of verizon as a reliable phone company. woman but to businesses, were a reliable partner. We Keep Companies<\/a> 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. Thats it. Im calling kohler about their walkin bath. Nah. Not gonna happen. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Call. To save 500 off bath walls with your walk in bath. Or visit kohlerwalkinbath. Com for more info. Stuart President Trump<\/a> will not participate in the House Judiciary Committee<\/a> impeachment hearing wednesday. Kelly sadler is with us former special assistant to the president. The president is ignoring these hearings or do you think thats a good strategy . These hearings are nothing but a parsing the show, absolutely no evidence has been presented in over 30 hours of testimony thus far to get the president has done anything that rises to the high crimes and misdemeanor clause in terms of impeachment of the president. Listen, the way that jerry nadler set this up, he said only three days to prepare for his public testimony if he were to do so wednesday. They outlined it while he said nato overseas conducting foreignpolicy. That was partisan, intentional. When you look at back at bill clinton, they gave him to have weeks to prepare and they have given this president three days and we dont know even know who the witnesses are. There some constitutional lawyers so, no, i dont think the president should participate because its nothing but a parson show in which we know the end result that house will poach go to him preach and it will to the senate. Stuart and its boring to boot. A top aide to pummel a harris quit joining the bloomberg campaign. She said this is my third president ial campaign and ive never seen an organization treat staff so poorly. While i so be senator harris is the strongest candidate to win i no longer have confidence in our campaign or its leadership. She jumped ship to bloomberg. Kelly, it my opinion would be that Kamala Harris<\/a> campaign is just about over. Not only did she write that letter but it looks like she elected to the New York Times<\/a> who wrote a story over the weekend that read like an obituary with more than 50 Campaign Staffers<\/a> foreign and current saying what the disarray the campaign is when you signup for a campaign you need to believe in the candidate and believe in their message and what Kamala Harris<\/a> problem is she has no aspirational message or strategy to win so i wish the former Campaign Staffer<\/a> good luck because it looks like shes jumping from one sinking ship to another. Stuart its hard to sink a ship worth 54 billion. But, one that wants to ban sodas and take away your Second Amendment<\/a> right and one that says you should tax the poor because they will be better off because they cant spend their money on things that are bad for them. I dont know if its a democrat, independent or republican matt thinks he has a chance. Stuart you got that in nicely. Thank you for joining us on sure we will see you soon. Thank you. Stuart more varney co. After this. , laptop, your other smartphone. Woman is this all the devices you have . Your tablet. Seriously . Smartwatch, your backup tablet, and. Woman anything else in your bag . Whatever that is. beeping this isnt working. Introducing Samsung Mobile<\/a> workspace solutions. With the galaxy note10 with dex software, you can run your entire business on the one device that does it all. Samsung business solutions. On nice rock. Vice that does it all. Its time to drop gold. Go digital. Go grayscale. Stuart just a moment ago we had kelly sadler who is with the Republican Party<\/a> and the trump campaign. Look, no democrat will support mike bloomberg. Im not so so sure thats right, lauren. I think owe might well be the democrat nominee. Lauren i agree he is definitely challenging the field. Amy klobuchar said who he is to come in buy the ads and to think no one in the race is good enough candidate . Amy klobuchar hoping to be moderate if joe biden fizzles out. Maybe that is why she is so angry. Stuart i think he splits the vote. Progress sieve left. Bloomberg and biden. He is stronger than biden. That will split the vote leaving the door for donald trump. People want to vote for him. Fiscally he is conservative and on social issues he is liberal. Stuart i know a lot of people who would not vote for a socialist, sanders or warren. Right. Stuart not terribly keen on joe biden because of his age, the ability to focus sharply but they would vote for bloomberg and i think he could take it. Yeah. Stuart we shall see. Neil cavuto, only time will tell. Your time is now. Neil think about it too, if no one get as first ballot win, all bets are off, right . That is what bloomberg is counting on. Stuart brokered convention. Neil you could be on to something there. Thank you my friend. Were following winter storms that continue to pummel the northeast. Thousands of travelers strappedded from coast to coast as were do a show called coast to coast. Fortuitous timing . We decide. You think about it. Airport reasoning is not only thing in the red right now, u. S. Manufacturing data, trade uncertainty, bellicose china. To the cow guy","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia903105.us.archive.org\/14\/items\/FBC_20191202_140000_Varney__Company\/FBC_20191202_140000_Varney__Company.thumbs\/FBC_20191202_140000_Varney__Company_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}