Growth. Late on the program, ill be asking larry kudlow why is this happening in a fullyemployed economy. Thats jobs and now the markets. Here it comes, 29,000, the dow may hit that mark today. Yes, the astonishing market rally has taken us up 11,000 points on the dow, since the election, of donald j. Trump and the value of American Business has gone up 12. 8 trillion since he was elected. A few minutes from now the market opens and well see the dow go up just a little bit more , maybe 20 points up, s p up maybe 6 and a 30 point gain for the nasdac composite. One more story and its dramatic satellite and intelligence reports show the plane that crashed into iran was taken down by a missile. It was not mechanical failure or engine trouble. The plane was shot down. Canadas trudeau says it may have been done accidentally. 63 canadians were on board. Varney company, the friday edition, is about to begin. President trump when im thrilled to hold the first rally of 2020 right here, in the great state of ohio. [applause] President Trump and as we begin the new year, our economy is booming, wages are soaring, workers are thriving and america s future has never ever looked brighter. [applause] President Trump were the envy of every country in the world. Weve created 7 million brand new jobs since our election. [applause] stuart that was the president last night at a all in it toledo , ohio touting the very strong job market and it is a strong job market. Joining us is mike rowe, you know this guy, hes got the best voice in television. And yet im following the president , really . Really . Stuart [laughter] thanks, sorry about that, mike rowe. Tough room. I think the problem here has not enough skilled workers to fill the jobs that are available. Is that the way it is . Well thats what ive been saying since 2008 when my foundation started. Thats a question for you. Ive watched on fox friends this morning and i just heard you say that were really at full employment. Stuart yes. But 10 minutes ago on the same channel im looking at a Labor Participation rate of 62. 3 . How does 62. 3 and full employment, like when and how do we get to the point where 40 of people not working somehow met full employment . Stuart i would call it full employment when youve got 7 million jobs going a begging and you dont have the workers, 6 Million People to fill it. A lot of the people are not participating in the labor force , theyre retired and out of it. Theyre not coming back, so i would say that this is the most fully employed economy, the tightest labor market that ive ever seen. I agree. Stuart but that begs the question. In a tight labor market, why arent wages rising much faster . Well in part, and again, what i know, i crawled through sewers for a living, right . But i am following the president so listen to me america. Stuart [laughter] what if its not just a skill gap . What if its also a will gap . What if the opportunities that are currently available have simply been made to appear less appealing than they actually are what if for the last 40 years weve been promoting one form of education at the expense of all of the others and certain types of jobs at the expense of others i think thats whats happened and i think an entire generation has grown into a labor market with a binary kind of expectation. This or that. Like in a vocational consolation prizekind of way. Something subordinate to that which is preferred. Stuart ill go further than that and ill make a cultural comment. It seems to me that the elites in america, over the last generation, maybe the last of two generations, have said youve got to go to college and youre going to have a white collar job. We dont want these blue collar fang trish regan jobs and we dont want you out there working with your hands so you almost developed a european class system where you look down on that group of people. Well youve marginalized an entire vertical of your workforce. Youre basically, it seems to me , a coin has heads and tails. Theyre both equally important. If were still going to look at labor in terms of blue collar and white collar its kind of a suckers bet to start arguing one is more important than the other but thats what we do in education. This school is better than that school. How many magazines year after year ranked the top 100 colleges couple of years ago i made this point saying why isnt anyone ranking the top trade schools and forbes eventually did, which was terrific, but you dont see enough of it, because when we tell kids well talk about debt and college and all of that. 1. 6 trillion in Student Loans isnt really a mystery when you think of it in terms of weve been telling people for decades that if they dont sign on the dotted line, theyre going to wind upturning a wrench. That meme is so inculcated in the reptilian part of our brain its very difficult to step away college scandals, the cost of college, the tuition, all of it comes down to this sphere i think that were going to screw our kids up. Stuart you make a good 9 00 guest, so why dont you stick around for maybe the b block if youre not careful. Lets turn to your money and do that right now. Dow poised to open very close to the 29,000 level. 45th close, 43 points shy of it yesterday, weve got to get pretty close today. By the way we crossed the 28,000 level, just two months ago, less than two months ago. That is a rapid rise. Jonathan hoenig, market watcher, joins us now and the rule i always learned jonathan is when you got a bull market in full run, you get out of the way. What do you say . Let your winners run and these thousand point increments stuart well have to start looking at 5,000 point increments. One percent now on the dow at 29,000 were talking about nearly 300 points so well be seeing numbers get bigger and more of these thousandpoint milestones achieved and i dont think you fight it, trends tend to persist in the marketplace and this bull market is still in the way. Look at yesterday over 250 new 52week highs only about 20 new 52week lows so the trend remains up but the question is stuart is it a little too over bought . Oftentimes youll see a market go back down and its 200day moving average that means a 9 drop in the s p 500 so weve come a long wayment doesnt mean the market cant reverse but i think the bull market trend for stocks is still on. Stuart the bull market trend for stocks is still on. Who would have thought after 10 years whatever it is that we would be saying that, january 2020. Jonathan thanks very much indeed lets turn to that deadly plane crash in iran. The pentagon says evidence shows the plane was shot down by a missile. Do we have more on this . Ashley well they do western intelligence and leaders including the pentagon said look it appears very likely that this airliner was brought down by an iranian missile, by mistake, they believe. We dont know the circumstances, but thats their first take. In fact one of the officials telling fox news, an absolute tragedy, they just screwed up and it is tragic. Meanwhile, iran continuing to say look, stop launching what they call a psychological operation, saying that it was a missile. They say thats not confirmed at all, stop putting salt into the wounds of those that were tragic ally lost in this plane crash. And another development is at the beginning, boeing, the maker of the plane was not allowed into the investigation and iran now changed its mind. Boeing made the plane, ukraine owned it, france made the engine s for the plane, all now are part of this investigation and they do have the black boxes , where they are badly damaged but it was missiles and the iranians say that we dont know. Stuart right show me boeings stock, premarket please, because it was up yesterday, its down a couple of bucks today. We have internal emails showing some employers were mockerring the safety of that 737 max jet. And the documents were delivered to the faa and congress and it shows that employees themselves question the safety and the design of the 737 max, but yet it was allowed to fly in the skies killing 346 in two crashes and some of these emails, for instance one employee said this airplane is designed by clowns, who are in turn supervised by monkeys, and this is a 2017 instant Message Exchange that was bashing colleagues of the company and also complaints about the managerial decision to select low cost suppliers wasting money and offer the ultimate design of the air max. Stuart it was boeing that put this out, and the new guy starts on monday. Calhoun . Stuart they want it all out there fresh start from this gentleman come monday morning. Right like questions about whether or not the 737 max will ever fly again, billions of dollars in compensation to the families and deaths and also to the airlines that suffered because of the grounding of the plane. Stuart i just cant imagine that that plane would never be allowed to fly again, but i dont it might be rebranded. Stuart check futures please were still up just a little at the opening bell maybe 25 for the dow, but were getting it awfully close to 29,000. Do you remember when democrats insisted its urgent to in peach the president . Well his reminder . Watch this. It was urgent. This is an extremely urgent matter. The president , based on his past performance will do everything he can to make it not a fair election, and that is part of what gives us the urgency to proceed with this impeachment. The timing is really driven by the urgency. Its not a rush to judgment. Its a rush to justice. Stuart Speaker Pelosi changing her tune on impeachment. 2020 democrat candidate Pete Buttigieg is suggesting that the u. S. Should share some blame for irans shootdown of that you crane flight. Well discuss why hes now facing serious backlash. New jobs numbers are out and we have a good show lineup for you larry kudlow joins us later this hour talking trump, trade and the economy. Were just Getting Started here on varney. The friday edition. And i like tr every move. Like this left turn. Its the next one. You always drive this slow . How did you make someone i love . That must be why youre always so late. I do not speed. And thats saving me cash with drivewise. My son, he did say that you were the safe option. And thats the nicest thing you ever said to me. So get allstate. Stop bossing. Where good drivers save 40 for avoiding mayhem, like me. This is my sons favorite color, you should try it. [mayhem] you always drive like an old lady . [tina] youre an old lady. President trump unemployment has reached the lowest level in over 51 years. Wages are rising fast, theyre going up very fast and the biggest percentage increase makes me happy, are for blue collar workers. Stuart that was the president wrapping up his First Campaign rally of 2020 in toledo, ohio. Actor dean cain is there right now talking to real voters. What are you hearing, dean . Hi, stuart how are you . Well ill tell you what im hearing a lot of positive things about the economy, a lot of negative things about impeachment, and a lot of support for President Trump. Its the first rally ive ever attended myself and i was outside and talking to the voter s, and they, of course, were at a President Trump rally so they were very supportive of the president but over and over and over i heard just nothing but support, the economy was job one and one of the things ive done the most amazing moments of being out there was there was a woman singing the National Anthem and there was thousands of people in line and it went dead quiet, everyone stood very respectfully for the National Anthem and when she finished there was a roar that went up from the crowd, so there was great support for the president and for america and people are very very happy with the job hes done, especially the economy. On that note, i have my friend here with me, ron kreger, a vietnam vet, a Business Owner and ive been speaking with him all morning and hes kind enough to hang out with us and how is the economy under this president for you . Excellent. America runs on the economy, trump is a business person and he understands it, he provides businesses the incentive to do things like hire people, and invest in the future, and im second generation, i just passed it off to my Third Generation son, brad, and hes taking the moneys and invested it in material handling, artificial intelligence, better programming , and weve got over 180 employees, were hiring more , weve upped the wages, we provided great benefits to people we want to provide people in northwest ohio the opportunity to have a job. When youve got a job and youre off the welfare roles and the only person that can really understand is that not some swamp person from d. C. Its somebody thats been a business person, and ive got to hand it to donald. Hes not perfect, but the democrats have not put anybody up that i would vote for to replace him, so lets be open about it. Theres a lot of things that he can do different but the point being that he understands business and business is what america is all about. There you have it, stuart a real voter in toledo, ohio. Stuart dean cain it was clearly a trump supporter good stuff. Thanks so much indeed. Mike rowe has stayed with us into the b block and mike i want to talk to you about mr. Bloomberg, mike bloomberg. He says hes going to win in 2020, but hes going to, with a plan that hes got hes going to bring more jobs than President Trump. What say you . Good luck. I read his plan. Theres some stuff in it that i like. I mean for what its worth, i like that hes focused on specific pockets of the country that have been somewhat left behind. The minimum wage thing makes me a little anxious and unintended consequences being what they are , but really, he lost me a couple days ago with the california thing. He said california was a model. Stuart he did. And i live in california and i dont know what he meant or what its a model for, but its a model for something. Stuart [laughter] okay by the way, i think you know this but theres a headline in forbes magazine. You live in california and what was the headline . Scroll up, please . Mike rowe for california governor, 2022. Im going to read a little bit of it. Nice b block stuff. Stuart mike please jump into the california governors race in 2022. Youre the only candidate who can restore sanity and balance to californias governance and you can win and you are the seasons schwarzenegger, venture a, trump. Any comments . Im not sure im ventura material, but i posted it on my Facebook Page when i saw it and i just wrote how bad are things in california . This bad because honestly, what am i going to go governing a state . But ill tell you, rich, the author, he really made some points that have troubled me for years, like mostly, i know california has had a surplus in 2011, but your point earlier, the idea that the market is where it is and the idea that real estate has gone through the roof, californias state budget is disproportionately weighted toward capital gains, and those cap gains, 13. 3 i think is the highest in the country and what sectors are they attached to . Real estate and the market. When those two things come back down to earth as they surely will, thats going to be really really really bad and for 3 trillion economy, what are the fundamental businesses left . Its tech and biotech, its entertainment, and tourism. Manufacturing is gone. Banking is gone. Aerospace is gone, energy is gone. Right . So i think the author is right. Not about me necessarily running the ship, but just in terms of looking forward this whole thing is held together with kleenex and spit and once the market does what its doomed to do at some point, i think im sorry but nobody talks about the fact that californias population is aging 50 faster for the rest of the country so its all kind of tenuous. Stuart real fast, youve got a facebook watch, youve got a show on facebook watch. The actual reason im here is not to announce my candidacy. Stuart [laughter] but to beg your viewers to check out season 4 of returning the favor which has now been downloaded over 300 million times its the number one show on facebook were in season four and celebrating bloody dogooder s from sea to shining sea and little towns we cant find on maps and show up and make them cry and do it again. The feelgood of the summer. Stuart you must be rev eling in 100dollar bills. Literally hundreds. Stuart youre all right futures were holding on to a very modest gain for the dow, the s p and the nasdac. President trump calling out democrats who are slamming his decision to take out iranian top leader qassem soleimani. Watch this. President trump the radical left democrats have expressed outrage over the termination. Theyre all trying to say how dare you take him out that way. You should get permission from congress. Stuart are democrats trying to undermine the president with these new resolution to limit his war powers . Weve got the story for you right after this. Hi, im bob harper, and i recently had a heart attack. It changed my life. But im a survivor. After my heart attack, my doctor prescribed brilinta. Its for people who have been hospitalized for a heart attack. Brilinta is taken with a lowdose aspirin. No more than 100 milligrams as it affects how well brilinta works. Brilinta helps keep platelets from sticking together and forming a clot. In a clinical study, brilinta worked better than plavix. Brilinta reduced the chance of having another heart attack. Or dying from one. Dont stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. Brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. Dont take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. Slow heart rhythm has been reported. Tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. If you recently had a heart attack, ask your doctor if brilinta is right for you. My heart is worth brilinta. If you cant afford your medication, astrazeneca may be able to help. Stuart its jobs day, 145,000 new jobs created and were going to go up just a little at the opening bell. Were going to watch for today is the dow may be hitting 29,000 remember, please, it first crossed at 28,000 and then went straight up to 29, almost 29 and that was in a less than two month period. That is an explosive rally. Jonathan hoenig back with us and susan li and ashley also with us right here. Joel first of all, im a little bit older than you and ive been doing this [laughter] stuart and ive not seen anything like this before. No its a big market.