Tough. In a few minutes, mr. Trump meets face to face with e man yale Marrone Emanuel macron, the president of france. Later he meets the queen at Buckingham Palace. Oh, to be a fly on the wall. The president s negotiating from a position of economic strength. We can wait, chinas in trouble, but investors do not like it. The dows going to be down another 250, 260, maybe 280 points. That would be better than 1 . Same loss or almost the same loss on the s p, down about 27. Nasdaq taking it on the chin to a tune of a 1. 1 . Big deal, big selloff. Another big show on its way. Varney company is about to begin. Well see what happens, but im doing very well if i want to make a deal. I dont know that i want to make it, youre going to find out pretty soon. In some ways its better to wait until after the election with china. But im not going to say that, i just think that. I just tell you in some ways i like the idea of waiting til a after the election for the china deal. But they want to make a deal now, and well see whether or not the deals going to be right. Its got to be right. Stuart the president talking china trade. Futures still pointing sharply lower, and when he said made those comments, the market really took a turn to the south. Later today the president s going to meet with frances president macron. Thats in a couple of minutes, actually. Blake burmans covering it for us. It looks like a big fights coming. Reporter quite the backdrop in london, stuart, and quite the backdrop heading into this meeting between President Trump and emanuel macron, youre right. A fight could be one way to put it here, but leading into this, remember, it was the u. S. Trade Representatives Office yesterday who announced there could be 2. 4 billion worth of tariffs being slapped against france because of the Digital Services tax that france is planning on putting against American Companies. U. S. Trade Representatives Office has described that as discriminatory. We heard from President Trump earlier today saying that he is not going to let Foreign Countries take advantage of American Companies. So that is just one facet between the meeting. Also remember leading up to this as well, macron has said that nato was experiencing, quote, brain death. President trump described that as very insulting, so that is part of whats leading into this meeting. Remember, the very first state dinner at the white house was for macron. Fast forward a few years later, were talking about tariffs and brain death. Cant wait to see stuart yes, we do, blake. Good setup, young man. That was very good. Blake burman in london. Now, i keep using the expression hard 46 line trump hardline trump because he really doesnt back off. Hes putting america first, what a concept. James freeman, wall street Journal Editorial Board guy, is with us now. I think its a winning strategy, play hardball. Youre humming and hawing, you tonight think its a good strategy. I think when hes drawing a hard line against the communist government in china, theres a reasonable case there. Whether or not he gets what he wants out of the trade deal, who knows . But when hes drawing a hard line all around the world with new tariffs or tariff threats, hes also drawing a hard line with u. S. Consumers and the u. S. Economy. He is 100 right. The president in saying this french digital tax is wrong, hes right, because thats targeted at u. S. Tech companies, very unfair. But i think maybe the better solution is to say businesses around the world, isnt the United States a better place to do business . Look how weve cut rates here. France, are there things we could do to lower our trade barriers, to lower taxes here that would encourage you to reduce that tax . Stuart but go on. He confronts. He is confronting. Stuart thats the way he gets things moving. Well, well see if they move. Hes again, this is a bad tax, but it also exists in other european countries. Are we going to impose taxes on everywhere . That would end up being a lot of taxes on American Consumers when we buy things from overseas. So i think his tax reforms are great, and that should be the model to make the u. S. The magnet for capital, for where people want to do business instead of saying were going to add new taxes every time someone overseas does something dumb. Then we end up i paying more. Stuart its a shame to see the markets sell off on that comment. 250 down yesterday, maybe down 300 this morning. Give me 20 seconds, do you think thats justified . I think it is because we had a sense maybe that we were heading, we had peaked in terms of the trade fighting. And think what hes made clear is, no, this is a longterm deal. But if he wants to play this out with china even beyond the next election, hes going to make it much easier for himself if he has trade peace elsewhere because it is going to create a bigger incentive for people to know that the rest of the world is a good place to invest. Lets move out of china, lets go there. So i dont understand the strategy if you want to pressure china to also have these trade fights with other countries. Stuart okay. We have a difference of opinion. Yeah, i guess so. But, look, the part about standing up for american interests, i dont see how anyone could argue with that part. Its the costs, and were seeing that in terms of investment in the United States in these trade wars. Stuart all right, james, you made your point. The dow is down close to 300 points. Okay. The strength of americas economy sensational, actually record cyber monday sales. 9. 2 billion sent online yesterday alone. It was the amazons single biggest shopping day in its history. Ash, they bought a lot of those amazon echoes. They certainly did. The echo dot was the top seller among the devices, and they sold millions more the year than compared to last year. The tens of millions of toys, a banner, banner year for amazon on toys. Best seller, by the way, was the Lego Star Wars darth vadar castle. Monopoly game, he bought two. Disney frozennen ii limited. It was the biggest shopping for Amazon Fashion worldwide, and, you know, four malibuty products. Million beauty products. Stuart susan does not buy her fashion on amazon, do you . I have looked. But personal care [laughter] stuart okay. I want to thank you, susan. Im got getting at you. Maybe too much information, sorry. Stuart doug stevens, welcome to the show, good to see you. My position is i think this year is a turning point for online selling. You think that online takes over anytime soon . Yeah, i do, stuart. In fact, you know, we see a lot of numbers coming out on shopping occasions like this. You mentioned 9. 2 billion yesterday on cyber monday. Thats about a 20 increase. But, look, weve seen this movie before. On singles day alibaba. Com sold 38 billion in one day, 13 billion in the first hour of that sales day alone. So that was a 26 increase year on year. So were seeing these inordinate increases in online are shopping. Meanwhile, shopper track says on black friday traffic to stores went down about 6. 2 . So its becoming very, very clear that if a retailer doesnt have a sufficient online game, its an existential threat. And when you just run the math of it, by 2033 just based on the math we know today, it is entirely likely that more of what we buy will be coming to us from online than well be going to stores to get. Stuart thats fascinating. It occurs to me its just so easy. I can go on to instagram, look at something, like it, click on it and ive got it the next morning. I mean, its so easy. Yeah, thats exactly it. And, you know, fundamentally whats happening is stores are being, in essence, replaced by online because if we think about why a store was built 30 or 40 years ago, it was essentially to merchandise products, convey product information and transact those purchases. Well, online can do all of that now and more. So retailers have to do two things, get your online game in order if you hope to make it into the next decade and, secondly, they have to give consumers new reasons to go to physical stores. They need to amp up the experience in those physical stores. Stuart theyre trying. Its very interesting to see what theyre up to, but its a tough fight, isnt it . Doug, thanks for joining us. Come back and see us soon, please, because this is an extraordinary story. Youve got it. Stuart thank you. Futures, please, were going to be down. Were heading south across the board, look at that. Happening soon, the president meets with frances e emanuel macron. 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Even when your phone isnt. 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 overall, the market is sharply lore, but some stocks are moving higher. Look at this one, lands end giving a rosy forecast, and the stock is up 4. 5 . Not bad. Look at the california utility, pg e. An investigation found it failed to maintain power lines. The stock is down 70 since last december, down a bit more this morning. And now this one, favorite story of the day, peloton catching some heat over one of its christmas ads. Christina parts nevilleless is here with us Kristina Partsinevelos is with us. A man giving his wife a peloton for christmas is a sexist act. Tell me why. Well, you could put into the category a man giving a woman elastic bands to stretch her thighs or a broom to clean her house, thats the arguments theyre a making online. Heres a woman who is nervous to try this bike, and shes filming it. Its supposed to represent the instagram stories, and i have instagram, you do little selfies and stuff like that. But really she goes through this whole experience and thanks her husband. And the criticisms ive seen online is because shes looking at her husband for almost approval like a dog does, you know . [laughter] thank you so much. And so thats participant of the criticism. And youve got this really thin, attractive woman, and she goes through this yearlong process and kind of looks exactly the same, to me. But people are saying, well, what transformation . How did this change her, you know . Other than maybe handing him a divorce paper. Stuart that was a very nice explanation of this sexism thing. [laughter] that was very good, actually. I dont think ill ever get elastic bands or a peloton bike for christmas, even though i would love them. Thats, like, 2200. Stuart Holly Shimkus is with us, what do you think of this . I think the ad is cringeworthy. It is. I am a sucker for stuart cringeworthy . Why . Super cheesy. I remember the first time i saw it, i actually turned to my husband and said, you know, this is a little bit too much emotion for a workout bike commercial. [laughter] right . Stuart what . Youre not supposed to express thanks . It is not here. It is a cringeworthy ad, it is cheesy, but it is not sexist at all. Im going to two on record and say anybody can buy me a peloton bike because these things cost 2,250, and its a very generous gift. Why opportunity the wife give the man doesnt the wife give the man, the husband [inaudible conversations] you know whats funny is i saw this spot again on tv this morning, and theyve taken out the front part with the gift, and its just the woman saying, oh, here i go and ends with at the end but doesnt have the husband in there at all. Which is interesting. Stuart look. Hold on a second, because ive got a somewhat similar story which is worthy of discussion. Look at this headline from the Washington Post. Melania trumps Christmas Decorations are lovely. But that coat looks are ridiculous. Can you believe that, carly . Yes, i can, because her last name is trump. But the decorations are beautiful. They are classic. There was nothing to criticize there, so this Washington Post fashion critic called the coat a distraction, ridiculous and said it made the first lady look cold, dismissive and aloof. And im sure that a lot of people are, this is ringing a lot of bells to the criticism that she received for the red Christmas Trees or the criticism she received for wearing high heeled shoes while boarding a plan to visit Harvey Victims even though she had sneakers in her bag, or the criticism she receives overall for her fashion sense when people say its out of touch. The point is this isnt about her fashion sense or the decorations, its just that these people dont like the administration. And it is clear. The Washington Post fashion critic posted this article on twitter, and shes receiving criticism from it. People saying that it actually undermines actual, legitimate criticism. Stuart good. They said in this article she resemble ld a woman whos paid a visit to someones home and refuses a seat because she thinks it might be spoiled. In general to walk around with a coat draped over your shoulders, ive tried to do it [inaudible conversations] she looks great. It falls off every time i walk, so i dont know how she does it. You should get fashion cues from the hallmark movie actors, because they a always do it this these really cold scenes. Victoria beckham. We are now on the view. [laughter] stuart ladies and gentlemen, i will absolutely guarantee even though the dow is going to be down close to 300 points at the opening bell, even though our president is laying down the law to the europeans overseas, i bet that segment that we just did is the best rated segment there you go. Stuart guaranteed. Probably. Stuart the rise and fall of wework and its founder, adam newman if, the inspiration for a new movie. Weve got too story for you weve got that story and a whole lot more on varney after this. the enchanted disney fine jewelry collection. With exclusive bridal styles at zales. Most people think as a reliable phone company. But to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. Stuart checking futures right now, way, way down. This is a selloff. President trump says that maybe its better to wait until after the 2020 election for a china trade deal. The market does not like that. Look at big tech. Frances president calls for a digital tax on our Tech Companies like facebook, amazon and google. They are down along with most of the rest of the market. Speaking of big tech, two items for you. First on youtube, the another one on facebook. This is about political ads as we head into the election year. Joining us now, mike murphy if, susan lee, ashley webster. Susan, start with you and youtube. We watched 60 minutes on sunday and you heard the ceo basically defending the fact they havent taken down some of the Trump Campaign ads, although they have taken down 300 of the Reelection Campaign advertisements without giving a whole lot of explanation as to why. But it looks like theres still a lot of controversy brewing over whether you should put, i guess, the campaign ads that only have facts within them. Stuart id like to know what im allowed to say, simple as that. How about facebook . Whats that in. Facebook is standing firm, we heard from Mark Zuckerberg on cbs, the morning show yesterday, reaffirming they will continue to play all political advertisements on the web site because you should judge for yourself, as we heard yesterday, and you can define your opinion on the character of the politicians. Stuart now, we also have the Trump Campaign saying its not going to allow Bloomberg News reporters at Cam