Economic outlook remains favorable. Plain english, no recession on the horizon. Growth continues. Top banker jamie dimon joined the optimist club. Growth will continue, he says, and he expects a phase one trade deal with china. This week, we reported on jpmorgans call for market rally next year and Goldman Sachs call for a Strong Economy next year. 2020 looking good. Todays Market Action is somewhat clouded by the uncertainty of whether or not theres going to be what the results will be of that white house trade meeting. The dow will be down 30, 40 points. Small loss for the s p. Small loss for the nasdaq at this point. Now, the president s looking good. Reports this morning that some House Democrats will not vote to impeach. That means a split Democrat Party and a hyper partisan impeachment process. Not supposed to be like that. Oh, and the brits are voting. Looks like the socialists will lose. Varney company is about to begin. Stuart all right. We are beginning with the trade meeting, the big trade meeting at the white house. Its been confirmed. Blake burman has the latest from the white house. Blake . Reporter on this december 12th, stuart, we can tell you that the president will be meeting with his trade and economic top team members here at the white house today in advance of this december 15th deadline that the president has as to whether or not tariffs, additional tariffs will be going on china, or if those tariffs could be delayed. We are also told that this meeting, these advisers and the president will discuss potential other options as it relates to china as well. This comes in addition of a standing meeting that the president had earlier this week with his Economic Team as well and by the way, we have been told that china has been told that they should expect a decision soon from the president as to what exactly he decides, all of this fits in here with the timeline of this announcement from the president that we are anticipating here to be coming at any point. Stuart blake burman, thank you. Now, the stakes are very high here. I want to bring in susan and ask this question. If the tariffs go through on sunday, what impact on big tech and prices . Susan also, the American Consumer as well, since we have laptops, mobile phones, footwear, clothing being tariffed at 15 . Looking at 160 billion worth of chinese goods and that includes 43 billion in mobile phones. Think of your iphone going up by 15 . They might not actually follow through and pass that on to the consumer but apple is going to face that on ipads as well. 37 billion on laptops, 12 billion on toys, 5 billion game consoles, 7 billion in footwear. You see on your screen. I should mention we have seen 351 billion in chinese tariffs over the past, what, 17 months of negotiation. Has that actually filtered through to inflation and higher prices for the consumer . The answer is no, as you heard from Jerome Powell yesterday and the Federal Reserve. Stuart stakes are very very high. We have no idea which way this meeting will go at the white house. Thanks very much indeed. I want to get to my interview with eric trump. Listen to what he had to say about the economy. Roll tape, please. His greatest accomplishment, you remember, you remember better than me, when the media made fun of him, trump could never, never, ever get 3 gdp growth, theres just no way, he must be drinking, he must be doing drugs, theres no chance that could ever happen. Stuart fiery interview. Market watcher Gary Kaltbaum joins us now. Are you in the bullish club in terms of the market next year . Not sure just yet. Im not a big believer in looking out a year. We had a gargantuan 2019 already, without any earnings growth, so if we dont get earnings growth, im not so sure. I think it will be okay. Im not into the big gigantic bullish camp. We have had two years stuart gary, gary, wheres the Gary Kaltbaum we know and love . Why all this hedging . That is not hedging. Stuart, when you are up 20 to 30 in one year in 2019, very tough to expect Something Real big in 2020. Thats all im saying. Stuart okay. I will leave it at that. Just sayin. You sound like my wow. All right, were going up 100 . Stuart stay there. We will get it out of you soon. We will have more on my interview with eric trump throughout the program today and the full interview will air in our 11 00 hour. Lets get back to gary. Im not going to say wishywashy. Wouldnt dream of it. The one dark cloud seems to be this uncertainty over china trade and the meeting thats going on fairly soon in the white house. My best guess is there is not going to be a deal this weekend but my best guess is theyre not going to put the tariffs on because i think theyre smart enough to recognize every time they threaten tariffs or put them on, markets took a pretty big hit, and the economy will suffer because that big gigantic uncertainty is out there. But we are hearing rumors that navarro is driving to the hoop wanting him to put the tariffs on. So anythings possible. I am just hoping they come back and say we have more talking to do and we are going to table the tariffs for now. Stuart lets hope. Gary, thanks very much for joining us. We appreciate it. Okay. We will have you back. Now, britains general election, they are voting now over there. Boris johnson going headtohead with the socialist Jeremy Corbyn. Ashley webster is in london for us. Any early indications about which way its going . Ashley no. The polls still open for another eight hours. I would take a little bit of measure with the socialist label. I would say its even more marxist. Jeremy corbyns labour party, my word, they are going to nationalize all the utilities, increase the power of the unions and tax those horrible rich people and tax those horrible successful businesses. Boris johnson says forget that, lets cut the Corporate Tax rate, lets empower the individual and lets do huge trade deals around the world, including the United States. The choices are stark but not until about 10 00 p. M. Local time will we get the exit polls then of course, all the results will start drifting in. By the way, the sun newspaper, a huge conservative paper, put out this headline. Save brexit, save britain. If boris wins, a Bright Future begins tomorrow. But if red jed gets in the lights go out for good. Those are the stakes some believe this election represents. Stuart it seems to me like sort of a mirror image of an election between President Trump and Bernie Sanders. It sounds very similar, i think. Ashley yes. Stuart okay. Ashley, we will come back to you later in the show with more details on this. Ashley webster in london. Thanks. One individual stock we play on this heavily, peloton. The stock at the moment is down again. This is a premarket quote, so its down again from yesterdays close. Later on the program, we have peloton bear andrew left. He says the stock is going down, all the way down to 5 a share. Hes on the show a bit later. Take a look at lululemon. I believe that stocks down in premarket trading. Yes, it is. Its making a push into mens wear and they are spending really big. Right . Susan they want to double the mens business by the end of 2023. They say they essentially convinced women that you could wear yoga pants out and about and now they are doing the same for men. 21 of the sales of this company came from the mens products last year. By the way, i just want you said down premarket, which it is. Its up 91 year to date. It has had a fantastic run. The Company Reported profits that actually exceeded wall street expectations yesterday by three cents. Thats not important but all year, they had been executing on what they set out to do and either meeting or exceeding. Stuart you can expect a bit of a pullback after a 90 runup in one calendar year. Deirdre you look at the s p, up 25 . Stuart doing well. Check futures, please. Down just a fraction across the board. Uncertainty about whats the outcome of that trade meeting today at the white house. You know about the democrats squad, you know about that. On the left. Well now, theres a new squad in town and they call themselves the conservative squad. Theyre on the show. All four of them, right here in the studio. Senate judiciary chair Lindsey Graham delivered a very powerful series of remarks before ig horowitzs testimony yesterday. Cnn did not televise Lindsey Graham. No. Wouldnt go near him. We have what he said, though. We will show it to you. And you heard what eric trump had to say about the economy. Next, we will show what he had to say about his fathers 2020 reelection prospects. My full interview with eric right here in the 11 00 hour. 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 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. Oh, ho oh, ho, ho, ho you. You got me. Uh, what do you want . Ive got uh, ai robots, ive got vr goggles. I want your sled, please. No. [ chuckles ] timmy. Itd be a shame if this went viral. For those who never compromise. The mercedesbenz winter event. Whoa. He was pretty good this year. Quitting smoking is freaking hard. St, like quitting every monday hard. Quitting feels so big. So, try making it smaller. And youll be surprised at how easily starting small. Can lead to something big. Start stopping with nicorette stuart wheres boeing this morning . Down just a little bit. The whistleblower testified in front of congress yesterday and said the push to increase production may have led to the crashes. Okay. Boeing, premarket, is now unchanged at 350 per share. What else have we got for you today . Ill tell you. Delta teaming up with wheels up. They are going to create one of the Worlds Largest fleets of private jets. Susan oh, yes. Thats right. Delta Airlines Taking a Minority Stake in wheels up. This will be closing in the first half of next year. Wheels up is probably one of the largest private jet operators, largest fleets, at least, we have 8,000 customers, 198 planes and this is slightly different from net jet which is owned by Warren Buffett and Berkshire Hathaway in that it democratized private air travel. Instead of catering to more business travelers which is what net jet does, wheelsup is more High Net Worth individuals and its kind of the uber of private jets. It has a little app, you can book one way private seats on certain planes and flights. I would call it probably more its a more democratization of private jet travel than what you had with net jet. Stuart that will create the largest fleet of private jets. Susan yes. Thats correct. 190 planes. Stuart susan, thanks. Eric trump, oh, sounding very upbeat about his fathers chances in 2020. When i spoke to him, have a look at what he said. Will you predict a landslide win against any democrat candidate . Yes. No question. The reason is everyone i talk to, i ask are we stronger now or stronger in 2016. Every Single Person without missing a beat, without blinking an eye, come on. They roll their eyes at me. Its not even close. Youre much stronger now. Stuart he was intense, let me tell you. Joining us, ronna romney mcdaniel, rnc chair. Eric says its a landslide, no matter who they face. Will you agree with that . I do. Looking at the numbers, the president is on track to win all the states he won in 2016 and then expand the map with states like New Hampshire stuart let me interrupt you for a second. Forgive me for interrupting you. You say when you see the numbers. Are you looking at internal polls . Is that what the internal polls are telling you . Exactly. We do analytics. Our analytics over a month ago showed that impeachment was backfiring on the democrats. We saw that in the swing states, independents were swinging our way. They did not like this impeachment process. Now the National Polls have caught up. You saw quinnipiac yesterday. You are seeing the National Polls catch up with what we had already been seeing. In our internal polls in these battleground states, we see the president gaining ground against every democrat and we are expanding the map into states like nevada, New Hampshire, minnesota, states that we didnt win in 2016, and keeping the states that we won for the historic victory. Stuart i can see how the tide may be turning on impeachment. We have reports this morning that some of those moderate democrats may be not in favor of voting yes on impeachment, which means a divided party, which means that the impeachment process itself becomes just hyper partisan. Well, beyond that, stuart, we get to go to the American People and say weve added 7. 2 million jobs, you have more money in your pocket this christmas to spend on your family, to put in savings. People feel that. That Consumer Confidence is high. People feel good about where their lives are and they know its better because President Trump has fought for policies that help the average american family. Wages are up, they are higher in the lower income brackets. This is something thats good for every american. They also see the contrast of democrats who have done nothing to help them. They have only focused on investigation and resistance and this ridiculous impeachment that nobody is in favor of and they are saying you know what, we are going to fight for a president and vote for a president who is actually done things for the American People. Stuart ronna, do you have any input on the issue of china trade and the tariffs . I ask because if these tariffs are indeed imposed on sunday, thats kind of bad news for consumers, bad news for the market. Do you have any input into saying dont put those tariffs on, mr. President . I will say unequivocally as chairman of the rnc, i dont deal in providing the president advice on tariffs and foreign policy. Thats not really my role. What i will say, though, is the usmca is incredibly popular and the president has crafted a deal thats going to bring manufacturing, agricultural to this country and it is going to make it easier for the president to negotiate with china because hes gotten this deal through. Stuart good stuff. Thanks for joining us. See you again real soon. Thank you. Thank you. Stuart by the way, more with eric trump. He had some strong words about michael bloomberg. We will have that in the 11 00 hour this morning. Back to futures. We have moderated the downside move. A fractional loss for the s p, small loss for the nasdaq, down maybe 20 on the dow. Home depot facing backlash online. Everybody faces backlash online at some point. The ceo said a rise in shoplifting could be linked to the Opioid Crisis. They come down on him like a ton of bricks on the internet. Weve got the story for you. Mcdonalds testing that, a Crispy Chicken sandwich. Coming up, a mcdonalds analyst who has tasted it, says its good and i think he will say its good for the company, too. More Varney Company after this. You are the one. Nothing shines brighter than you. You are my rock. Nothing is stronger than you. You are oneofakind. I love every facet of you. You are my diamond. For the diamond in your life, theres only one Diamond Store. Zales. Its the you are my diamond event. Get 30 off everything including these one of a kind deals. Exclusively at zales, the Diamond Store including these one of a kind deals. 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. sure, the contents easy. But then you have to connect, download, edit, reformat, output, save, send, upload. Still uploading. 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Hes tasted them and i think you say its going to be a big hit for mcdonalds, right . I have never seen a product that has so many opinions, has so polarized people, some who love it, some who hate it, some who claim it will be a disaster, some who claim it will be a great