Unified party. One democrat switching sides, some others may vote no. But the end result is not in doubt. The president will not be removed from office. Now look at this. The market is going up again. The dow is being held back a little by boeing. The journal says it may halt or cut max jet production. Boeings a dow stock, way down, hurting the dow average by about 90 points. We also have to tell you that bank of america is talking about a melt up for the market into next year. Look at the market go. The dow is going to be up about 80 points despite the news on boeing, up about 80 at the open. S p, big gains, 17 points. Thats more than a half percent. The nasdaqs going to do well, 50 points higher. That is a rally this monday morning. In britain, landslide winner, Boris Johnson, is pushing hard for a brexit vote by christmas. Then he wants to work on a trade deal with trump next year. Defeated socialist Jeremy Corbyn says he won the battle of ideas. He just couldnt convince voters he was right. My opinion, in our 2020 election, socialism will lose just like it lost over there. Why reverse prosperity . Varney company is about to begin. Stuart a big loud standing ovation for the president at the armynavy game saturday. Okay, you saw that. Now listen to this. The combined choirs of the army and navy singing the National Anthem. You got to listen. Got to watch this. Go. Oer the land of the free and the home of the brave stuart dont you love it. What a great way to start the week. What a great reception for the president of the United States of america. Lets get on with it. Turn to your money. Look at stock futures as we head toward the opening bell. Remember, bank of America Calling for a melt up early next year. All the averages showing lots of green. Market watcher keith fitz joining us now. Wait a minute, keith. I have read your stuff. You think the dow could hit 29 or even 30,000 this year . Are you serious . This year . Oh, yeah. Stuart surely not. Come on. It cant be. You bet, stuart. How many times have i said things on this show, some of which i lived to regret, some of which i lived to celebrate. I think if we get the headlines out of the way, we get the money on the move, which is happening, and we get the tweets, Everything Else, that goes away, its fomo, fear of missing out, and we could do it this year. Stuart are you really serious now . Im not kidding. Stuart the dow is at 28,300. You surely dont see, what, a 1700 point gain between now and new years eve, do you . Look, this is not as outrageous as it sounds. Yeah, its an outside prediction, i will give you that, no doubt about it. But is it doable by outside probability, my secret back of the envelope calculations, yeah, its possible. Be prepared for that. Stuart would it set up a huge selloff early next year . Look, in late 1999, the market went straight up, melt up. Got it. Early in 2000, it came straight down again. Is there a danger that could repeat this time around . There is always that danger. Right now you got a short burn, got a lot of people betting the other way, all of whom are being proved wrong right now. So yeah, theres always a possibility of correction. We are overdue for one. But is it a headlinedriven risk event, probably not at this point. Weve got china, got brexit, got trade deals, got prosperity, as you put it in your opening remarks. Thats a very hard combination to stop. Stuart okay. Hold on for a second, keith. We are going to get to what may be the big negative of the morning. It only concerns one stock and that is boeing. The wall street journal says boeing could halt production of the 737 max jet. Kristina partsinevelos at the new york stock exchange. Kristina, thats going to do serious damage to the dow because boeing is a dow stock. Reporter exactly. The dow is weighted so you are starting to see the stock continuing to fall, now over 4 down. I reached out to the company moments before going to air. They have responded about this potential Production Cut by saying we might need to consider possible further rate reductions or other options, including a temporary shutdown of the max 737 production. So this is big news for boeing because they have been trying to get the 737 back into production. The stock has been down today but year to date, stu, its been up 6 . This comes after april, where they cut 20 of their production, so this would be another big blow. It would have a trickle effect across the flyers like spirit, so the stock is probably down, i havent been able to check just now but it could mean potential job cuts as well as affect other airlines. But at the moment, what we are seeing from faa, i reached out, tried to get comment, they have stated just in the past week or so that they are not looking to approve any of these planes until well into 2020. Boeing, though, is alluding to its being sooner than that. You can see the stock is down and thats not the case. Back to you. Stuart got it. Thank you very much indeed. Come back in again, keith. Would you consider buying boeing on this huge dip, 328 a share . Normally i would, stuart, but this is a do or die moment for boeing. They handled this crisis poorly. The dividends at risk now. Have you had multiple billion dollar charges. The backlog isnt going to help because most customers pay for their aircraft when they take delivery. If this thing doesnt go back in service now, i think boeing risks becoming the ge of the airframe industry. Stuart is muilenburg at risk . His position as ceo . Ive got to believe thats the case. In my opinion, i think they handled this entire crisis very poorly and now they are simply dancing around the obvious. If customers dont feel safe on boeing aircraft, doesnt matter what the stock price is. Stuart keith, thanks very much indeed. We like your bullishness. First thing on a monday morning. We will talk to you again soon. Take a look at dupont. That company is merging its food and Nutrition Business with International Flavors and fragrances. Dupont is up, flavors down. Apple, got to look at this, this is record territory, premarket quote, 277. Thats apple. 277. That makes it worth 1. 25 trillion. Pretty much the same story with microsoft. Premarket, they too are at an alltime high. 155. 31. Okay. Look at peloton. They have been up and down, all over the place. Down slightly this morning. Peloton this monday morning, 31 a share. Uber is reportedly, reportedly selling its uber eats business in india to a rival. The stock is up, what, 2 on that. Why are they doing that . Susan well, they are losing market share in this country so might as well just sell it off when you are burning up so much cash in delivering food. Would you call uber technologies, i would say probably one of the underperformers of this year . It went public at 45, still trading well below that, and they have a history of when they are not doing well in a country, they cut their losses and run. For instance, they did the same thing in south korea a few months ago when they said okay, we are no longer delivering food there because its just too expensive to operate and there are so many local competitors. The same thing when it comes to ride hailing in china as well. Remember a few years ago they werent winning the race so they sold the stake and got a board seat on chinas equivalent of uber. Did the same in Southeast Asia with grab and same thing in russia as well. So they know there is an intense cash burn, when you are burning 3 billion last quarter, 5 billion the quarter before, and you nied eed to prove profitabi to your investors just to get it back up to the ipo price. Stuart you have to staunch the flow of red ink. Thanks very much. Good stuff. Check futures again, please. Yes, we are going up. The dow influenced by boeing, it would be up way more than 100 points were it not for boeing. The other indexes, sharply higher. Want to know when the trumps open their christmas presents . I asked the president s son eric about their christmas traditions. Ive got a personal tour of trump tower as well. There i am with santa. You will see the whole thing at 11 00 this morning. Good stuff. The city of seattle raising its minimum wage to 16. 39 an hour. Restaurants forced to stick to those rules and are warning they wont be able to stay in business because of that. We have a waitress with us who says the whole thing cost her her job. Now this. A number for you. 1,332. That is the number of ceos who have left or been fired in 2019 alone. That is a Record Number. Whats going on . Weve got the research to back it all up later this hour. Well be right back. Im your 70lb st. Bernard puppy, and my lack of impulse control, is about to become your problem. Ahh no, come on. 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Exclusively at zales, the Diamond Store stuart this is very important story here. Morgan stanley says amazon is already delivering half of its own packages and that the company is set to overtake ups to become the largest shipping provider by the year 2022. Amazon is doing it itself. Check the Company Formerly known as weight watchers. Its extended its partnership with Oprah Winfrey and is up 2. 5 . Better take at look at apple. They Just Announced a deal for 2020 election coverage. Who with . Susan i would say abc wins because they are teaming up with abc starting with the february 7th democratic primary debate in new hampshire. Apple news is featuring news videos and also livestreaming coverage from abc news stream, what they are calling the key moments of the 2020 race for the white house. You know why abc wins . Because they are owned by disney and abc has now access to the 900 million install base that have iphones that actually work and they actually buy things on. I would say this creates a bigger market for abc news, disney, iiger. They are competitors when it comes to streaming but partners in news. Stuart yes. Interesting, isnt it. Well, when you have such Huge Companies they will overlap in various places, sometimes competitively. Sometimes not. Susan right. It depends stuart this is one of them. All right. Lets get to usmca. We have a top trade negotiator from mexico pushing back on a key labor provision. Edward lawrence, come in, please. What is this problem on the mexican side and b, will it hold up usmca . Reporter this is not over yet. The mexican members of the Mexican Senate balking over the fine print in some of the finalized usmca. The annex of the agreement that was sent to the house of representatives would allow up to five u. S. Inspectors who could go into mexican plants and make sure she comply with labor provisions. In the letter to u. S. Trade representative Robert Lighthizer, the mexican undersecretary has said the legitimate way to deal with enforcement is through panels and mexico will not allow inspectors into their country, citing foreign sovereignty, the language has to be or the final language has been submitted in a ratification vote scheduled for tomorrow in house ways and means committee, then thursday could be a full house vote if, if, if this can get sort of sorted out there. Theres some language issues they have to deal with. Stuart got it. Edward lawrence, thank you very much indeed. By the way, u. S. Trade rep Robert Lighthizer says the phase one trade deal with china is quote, totally done. He also says it will double our exports to china in two years. Senate minority leader Chuck Schumer calls the deal a sellout. Lets decide whats going on here. Curtis ellis is with us. Curtis, lighthizer says great deal, going forward. Mr. Schumer says rotten deal, sellout. Where do you stand . I stand with baambassador lighthizer. Hes the greatest trade negotiator on the planet, the best one we have ever had. Look, for the first time we now have verifiable enforcement of a deal with china. China is notorious, the communist party of china is notorious for cheating and lying and reneging on its commitments. For the first time, when we see, when a Company Believes that its intellectual property is stolen or china is not living up to one part of this agreement, they dont have to go to china as they used to. They go to the u. S. Trade representative for filing their complaint. Then we have a fast track arbitration system to resolve the complaint so were not tied up for several years while the company goes bankrupt while its being ripped off by the chinese. This is an ongoing problem. Look, this does not solve all the problems, never will, because we are dealing with a regime that is intent on destroying american companies, so lets be clear here, this is a great deal but dont lull yourself into believing that now we have solved our problem with china. China is always going to be a problem. The communist party of china is going to be a problem. Stuart lets look forward into next year because treasury secretary mnuchin has said look, phase two, discussed about phase two, it begins almost immediately, i think as soon as they have phase one signed. So this is this is going thats when you start to discuss more about intellectual property and changes within chinas economy. Thats phase two, right . Thats phase two. We have already started on the intellectual property, that the forced Technology Transfer is dealt with in phase one. Remember that there is a new law going into effect in china which is going to require every American Business and every business doing working in china to open up its Computer Networks to inspection by the chinese authorities. So you know, we have a problem there. So theres a lot of externalities that can affect phase two and affect this deal as we have seen now, the Arsenal Soccer Team is not being able to broadcast in china because one of its star players spoke out against the detention of uighurs in western china. China could blow this thing up by behaving badly, which they kind of have a reputation for doing. Stuart we have to leave it at that. Bottom line is, your opinion is this is a good trade deal and its a win for President Trump. Very good deal, big win. Stuart curtis, thanks for joining us. See you again soon. Newly victorious british Prime MinisterBoris Johnson, he wants a vote on brexit before christmas. Ash has been over there covering it. Hes back here in hometown new york. Can he get that done . Real fast timetable. Ashley he could. What happened at the queens speech on thursday when they lay out the agenda this week, then friday, i think he will put the bill right to parliament. Stuart get on with it. Ashley that was his campaign platform. Get brexit done. He will certainly be able to get through the january 31st deadline and we move on. Stuart that will be popular. Ashley yes. Stuart get it done. Move on with it. No more messing around all the time. Ashley exactly. Stuart by the way, our next hour, we speak with the father of brexit, nigel farage. Hes back on the show. Take a look at futures, please. Looking very nice. Looks like a monday morning rally. No question about that. The latest installment in the star wars saga hits theaters on friday. Fans are already lining up, would you believe. We will tell you how much disney is expected to cash in on the nerdfest. Thats an expression. I didnt write that. 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