Impeachment with Speaker Pelosis commemorative goldembossed signing pens, the solemn march as the articles are walked over to the senate, that whole charade breathlessly covered by the trumphating media, wall to wall coverage for all of that but very little for this. The china trade deal, historic event, redefining the way trade deals are negotiated and structured. That was a big plus for america. And thursday, virtually no coverage for usmca, another trade deal that helps our economy. In fact, none of the three broadcast Networks Even mentioned it. And politicos first headline, major win for trump, that really changed fast to Senate Passes usmca, much work remains. Can you believe this . We are very glad that you are watching us. So look at this. More stock market records are acoming. Big Companies Reporting solid profits and we appear to be in a meltup mode again. The dow is up, what, 270 yesterday, closing just shy of 29,300. Any gain at the opening bell today means another record. We are going to be up about 98, 100 points. S p, same story. Any gain at the opening bell means a new high. So, too, for the nasdaq. You know, i have lost track of how many records we have actually hit, but ive got one more big news item for you. A huge jump in Housing Starts. That is very good news for the economy. Again, we are glad youre watching us. Youre watching history. Varney company is about to begin. [ applause ] the yeas are 89. The nays are 10. The bill is passed. Stuart the speaker signed the articles, then handed out commemorative pens to the assembled trump haters. The pens have her name embossed in gold. I think you called me a liar on national tv. What . I think you called me a liar on national tv. Lets not do it right now. Stuart okay. A quick wrap up the week that was. China trade, usmca, two wins for the president and its only january. We have an allstar lineup to end this week. 11 00 this morning, you will see President Trump welcome the lsu team to the white house. Its the first time in a long time a sports team is graciously joining the president and has left the politics out. Following that, white house economic chief larry kudlow, he will join us. Im going to ask him about those extraordinary housing numbers we just received. And the great pete rose is with us again. Its legend after legend on Varney Company today. So start with this. The markets. Going straight up again. Stocks set for more records right at the opening. That surge in Housing Starts up 16. 9 , thats clearly helping the market again today. Market watcher Jonathan Hoenig joins us now. Jonathan, futures were up 40, 50 points, then we got this huge surge in Housing Starts. That looks to me like a primary factor in todays rally. What do you say . Bull markets beget more bull markets, stuart. The trend is up and as we have been saying for weeks now, i dont think you want to fight the tape right now. Two people buy the bottom and sell the top and they are both liars so dont make that your goal here. This is an opportunity to focus on your own portfolio. We dont know how high the stock market will go. Instead of worrying about that or trying to pick that top, look at your position. If you have a position thats going to be 15 , 20 of your portfolio, great opportunity to set stops below the market but dont sell a stock because the market is up because as we demonstrated, highs beget highs and the trend continues towards more highs. Stuart just hold on for a second, jonathan. I have more, im going to call this positive Economic News from the federal reserve. What have we got . Ashley philly fed president , who is a Voting Member this year, says look, overall the economy is looking pretty good. We are in the longest economic expansion on record and i see growth returning to trends of about 2 this year, a view that is widely shared. He says wages may be on the lower end of the pay scale but Consumer Spending remains strong. Stuart we will take that as a positive. Look at that market go. We are up 95 in the futures right now. Back to jonathan. Let me talk microsoft for a second. Theyve got this plan to be carbonneutral by 2030. It looks to me like Climate Change is now part of the Overall Investment scene, certainly this year. What do you make of this . This is not just microsoft, all the Big Tech Companies are really getting heavily into Climate Change as a main core function of their business in many cases. The irony, you want to be carbonneutral, frankly, thats the easiest way and the idea of removing co2 from the atmosphere, thats plant food. If any type of entity is going to save us from the proposed or perceived threat of Climate Change, it will be Companies Like microsoft, not governments. Im happy to see them spend their money to address whatever type of threat they think the climate could put forward. Stuart thanks for joining us. The bull market rolls on. Jonathan hoenig right there. We are focusing on the market, focusing on the economy, and im going to focus for the moment on apple. Look at that. Riding high, 316 in premarket trading as of right now. Allstar tech watcher gene munster with me now. You know, i really do read your stuff and i know that you think this stock is going to the moon, because they are into things, all the things that matter in the future. Have i got your sentiment right . I think you do, and i want to put some context on it, stuart. One of the biggest drivers is going to be 5g. We hear a lot about 5g. I believe apple is one of the best plays on 5g. Its going to start in a couple years, theres going to be some gives and takes as we ease into this paradigm, but stick with me for a minute that this is going to be the fabric of tech for the next decade. I think a fair analogy of how to put perspective on 5g is to think about the color, what its done to film. Wizard of oz 1939, the first movie to be colored, it was magical at the time but quickly forgotten and thought of as a fad. Movies went back to black and white and tv started in black and white, but then it took off, and now we cant even look back. It fundamentally changed the way film is done. That is a similar type of analogy to whats going to happen with 5g. Its hard to put exact parameters about what Realtime Data speeds mean to tech, but apple has four plays within that and i think that is ultimately going to move this stock into the 400s and beyond. Stuart into the 400s and beyond. I like that expression. Okay. Let me turn to tesla, because again, i read your stuff and you think this thing is going to 900 a share in, what, four years . Make your case. The case is that well, this is going to be first an up and down road. Its important that your viewers understand that, that this is a very different story than apple but the upside is pretty straightforward, is that today tesla has 70 of the u. S. Electric car market. I think that over the next several years, call it the next decade, they can garner call it 12 , similar to what gm and toyota have in terms of Global Market share. If they do the 12 market share, that would yield about 350 billion in revenue a year. Companies like apple trade at four times revenue. Thats a combination of hardware, software and services, similar to tesla, so that is much bigger. Where do i get the 900 stock . That would be 150 billion plus company. That is just kind of a starting point to how this can play out. I want to have some layer of conservatism in there but you can quickly do the math and see how this can be a much bigger company. Stuart im doing the math and im looking at some extraordinary numbers. Gene munster, you have been right so far on this program. I hope youre right again in the future. Good man. Mr. Munster, thank you, sir. Appreciate it. Again, look at the overall market this friday morning. Look where were going here. Any move up for any of those three indicators means another brand new all time high. How about that. Up about 90 for the dow. Telling you again, the president s top economic adviser on the show about 11 30 eastern. I will ask him about the stellar housing numbers. John schneider is on the show. He will tell us how his wife used cbd to help during her successful cancer treatment. Pete rose is back, too. Hes on the show. Again, thats in the 11 00 hour. We are talking to him about this burgeoning baseball scandal. But next, Mike Bloomberg really on a spending spree. You wont believer how much is going to be spent on this campaign, not just by him but overall. We are talking tens of billions. Hard to believe but we will be back. So what do you see . I see an unbelievable opportunity. I see bestinclass platforms and education. I see awardwinning service, and a trade desk full of experts, available to answer your toughest questions. And i see it with zero commissions on online trades. I like what youre seeing. Its beautiful, isnt it . Yeah. Td ameritrade now offers zero commissions on online trades. Ive always loved and im still going for my best, even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. So if theres a better treatment than warfarin, ill go for that. Eliquis. Eliquis is proven to reduce stroke risk better than warfarin. Plus has significantly less major bleeding than warfarin. Eliquis is fdaapproved and has both. Whats next . Sharing my roots. Dont stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. While taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Eliquis, the number one cardiologistprescribed blood thinner. Ask your doctor if eliquis is whats next for you. Stuart you know, rare public appearance, irans Supreme Leader praises the missile attack on u. S. Bases in iraq. Ashley called it a slap on the face to the United States. This is the first time, by the way, the Supreme Leader, the ayatollah khamenei, 80 years old, he hasnt led friday prayers in tehran since 2012, but he used it as an opportunity to try and rally the country. As we know, there have been protests over the downing of this passenger plane. He goes on, though, to call the Trump Administration evil, he called President Trump a clown and called suleimanis funeral and the Iranian Military response a turning point in history. By the way, it was reported there were no injuries from those attacks on the iraqi bases where u. S. Troops were based, but 11 of those troops we understand have been treated for concussion after they showed symptoms days after the attack. Stuart well, we did not get a president ial tweet responding to the ayatollah but we did get this tweet from the president about a half hour ago and i will read it to you. Mini Mike Bloomberg doesnt get on the democrat debate stage because he doesnt want to. He is a terrible debater and speaker. If he did, he go down in the polls even more if thats possible. Joining us now, bradley tusk, an adviser to bloombergs campaign and his former Mayoral Campaign manager. You heard the tweet. React. We would love to be in the debate. We need the Democrat National committee to allow us. They require you to be a certain amount in the polls and to have 200,000 individual donors. We have one donor, Mike Bloomberg. He made his money himself, made it honorably, he does not want to be bought by anybody. Stuart would he want to be in the debates . Absolutely. Stuart he would . If you are running for president , which we are, you can get your message out to as many people as possible. The debates are a very high profile stage. Stuart are you doing debate prep with him . We are working on it. Stuart are you . He sits there, you sit here, you fire questions and see how he responds . You are on the campaign trail answering all the same questions all the time, but the other candidates have been preparing for a year now and debating for a year now and should we get the opportunity to be in the debate, we got to be ready. Stuart see this headline in the wall street journal. Where are we . Okay. The headline is bloombergs huge spending transforms 2020 campaign. Im sure you have read this. I have. Stuart you know perfectly well that the spending is absolutely huge. Yes. Stuart hes buying not buying the nomination or the election, hes buying the campaign. Hes got 1,000 staffers already. Look, what hes doing is, a, running his campaign without taking money from different corporations, special interests, anything else. Hes the only candidate thats truly independent. B, if you look at his policy proposals, hes not proposing things like medicare for all or free college or ultimately promising trillions of dollars in tax payer spending if elected. I would argue buying the election is using the taxpayers money to give stuff away to get people to vote for you. Hes using his own money he made on his own. Stuart interesting way of looking at it. Thank you. Stuart saving the taxpayers money by investing his own. Okay. I hear it. Now, you were an early investor in uber. You got your money in there. I put it to you that ubers facing a very serious headwind here, this gig law, the california gig law, but thats been spread elsewhere. This is not good news for uber. No, its terrible news. Uber estimated that the california regulatory change, drivers are now employees, will raise their costs by 20 . New york, new jersey, illinois, washington state, a whole bunch of other states are taking up this legislation as well and given how badly uber did in trying to defend themselves in california, theres no real evidence they are going to do any better in the rest of the country. Stuart these are all democrat states. Absolutely. Uber has not handled their politics well. Back in the day under different leadership, all the democrat cities, new york, l. A. , chicago, we fought the taxi industry and won and thats how we became legal but the companys changed a lot since then. Stuart i just hate to see it. I love the idea of a revolutionary company like uber coming on the scene and disrupting everything. But the long arm of the democrats with their historic aversion to startup companies, its look, if you are organized labor, the sharing economy is a great opportunity to try to get new members at a time when your member is plunging so i understand politically why they are doing it. I think the door is open to two things. One is political cronyism with labor on the democratic side. Two, uber is going from a disruptive startup into a slowmoving big bureaucracy. Stuart you still have money in it . Im out. Stuart out completely . Out completely. By the end of last year. Stuart is that because you didnt like what was coming down the pike . Have no faith in if company at all. In fact, i even knew because i sold right after the lockup, i was probably selling at even more of a discount and in a few months it would rebound, but my view is i believe for uber to succeed, it has to be ruthlessly innovative and i dont think thats in their dna at all anymore. Stuart what if you just took the stock down. You are a fine guest. Appreciate you being with us. Thank you very much. Snap. Whats the stock on the screen . It is up, i think. Yeah, 3. 5 . They have an upgrade from ubs. I got two items on the gap. Is it gap or the gap . The gap. All right. Gap. Its called off plans to split old navy into a separate company, and its president and ceo of gaps brand departing, evidently investors like it. The stock is up 2. 7 . Weve got news on payless shoe source. Its coming out of chapter 11 bankruptcy. Its making a comeback. Lauren . Lauren its going to open new stores. We dont know when or where, actually. Bricks and mortar and their online store as well. They never closed their international operation, i do want to point that out. This is their second trip out of bankruptcy. More than 9200 Stores Closed last year and payless made up the bulk of those stores. Stuart would you buy shoes online . Lauren i do all the time. Thats one thing you can. You know your size. Most size 7s fit like size 7, if you ask me. Stuart yeah . Lauren yeah. Why . Stuart im wondering why payless doesnt go into the Online Business more as opposed to opening bricks and mortar. Lauren they will revamp the online store and come back ecommerce. And they also continued this whole time to sell on amazon. Stuart got you. Lets go to the new york stock exchange. Gerri willis is there. They seeing any headwinds to this ongoing market rally . Anything at all . Gerri whats the negative here. Thats what theyre saying to me. All upside for right now. Thats certainly all the news we see. We have two trade deals in two days, right. Thats positive. Look, we are getting great Economic Data. The Housing Starts numbers today, all of this is positive. Yesterdays weekly jobs claim was up, philly fed manufacturing, alltime highs on these markets. I got to tell you, the fear is fear of no bad news, i guess, for some people. Back to you. Stuart the fear of the fear of no bad news. Thats a double negative whammy if you ask me. There you are. Thank you, gerri. No headwinds that we can see. Got it. Senator Martha Mcsally called on a cnn reporter yesterday, called out, actually. We have what she said to that reporter and why she will not apologize. You will like this. Can you believe this. Varney Company Turns ten on monday. Dont miss the anniversary show. Now, the markets are closed but we are open. We ar