Treat the selloff as a buying opportunity or is this a signal that the whole market is due for a drop and big tech was just the start . We will watch this unfold. Now, here is a dilemma for democrats. Is it time to rein in the extreme and now obscene criticism of President Trump . Outrageous examples of both this weekend. At taxpayer expense, shakespeare in the park, showed a trump look alike being stabbed to death. Two pulled back and one did not. And gillibrant used an fbomb as she described the poles. And so welcome to the show. Are you buying the dip or the increasingly vicious attacks on our president . Varney company is about to begin. I can see people selling at those very high prices on the fabulous five and rolling some money into lower technology companies, which havent yet had the pop. Well, that was me on friday, suggesting that maybe the big name tech stocks would be big selling point, as people moved their money into other stocks. That did happen. Big tech names, they took a huge hit on friday, apple, amazon, facebook, alphabet, microsoft, netflix. More in just a moment. Suffice it to say theyre going to open lower about 27 minutes from now, as we start the new week. Ive got big Corporate News for you to get things loving. Jeff immelt will step down as ceo of general electric. Hes been there 16 years. Here is ge stock price premarket, its up a buck, thats 4 . Details on the leaving. Liz hes being replaced by a 30year veteran, john flanker flan flan flanery. Its beaten the indices since the financial collapse its been underwater in terms of when he started. I tell you, theyve been hitting their eps targets with stock buybacks, but negative class flows. And placed a bet on oil before it plunged and spin off the media business. He has no sacred cows, can he move that stock price to start in the green direction. Stuart hes had 16 years. Liz jeff immelt has. Stuart a troubled period in ge. I want to get back to that later. I want to get to the big tech names, theyre going to take a haircut at the opening well. Former reagan economist art laffer. I dont want to suggest that the show moves the market, but we did discuss rotating out of the big ones during the show. I want to blow my handwritten. Youre way too cool. I follow you immensely on this. Stuart is this the dip or the start of a big selloff over the whole market . I dont think its a big sell i dont have over the whole market. It may be a fairly large dip. These stocks have done extraordinarily well for long time and you get down turns now and then. I dont see anything fundamental in the marketplace that would tell me were in for a huge down turn in the evera everall overall stock market. Ive been wrong before. Stuart youre going against david, who says it could drop 35 , thats a selloff and and a half. He says wall street is not ragsal. Why dont you respond to him . Hes been saying that for ten years. Every now and then even a blind pig kinds an acorn and sooner or later hell be right and hell claim victory. The tut truth is, i dont see the evidence that says this economy is in trouble. I think the historical norms are below where they should be, if we get this boom i think is going to come with trump policies and taxes and already some has been put in, i dont see the market going down in the future. Stuart i want to add this as a last minute caveat. Yes, sir. Stuart we get the boom if we get the tax cut, the infrastructure and cutting of red tape, correct . Thats true. Thats for sure, but weve already had a lot of changes, by the way. Just not imposing new rules is wonderful for the market and not kicking it and beating it like obama did every year. Just stopping and hurting the market will do good for the market and give us somewhat of an increase and then if you have positive policies added on top of that, my goodness, this market has no place to go, but up. Stuart okay, well right there, art. Because i think our viewers will like to hear that, this market has nowhere to go, but up. Art laffer on videotape. See you soon. Okay, sir. Stuart Dianne Feinstein wants Loretta Lynch investigated. Watch this. I would have a queasy feel, too though, to be candid with you. I think we need to know more about that and theres only one way to know about it and thats to have the Judiciary Committee took at that. Judge napolitano is here. Thats a front. She didnt say to have the senate look at it, to have the Judiciary Committee look at it. Why did she say that . Because theres a turf battle between the intelligence and judiciary. Judiciary have serious cross examiners on it and the others dont. Stuart the whole point she raises is that jim comey accused Loretta Lynch of a crime called misconduct in Office Making a decision as the chief federal Law Enforcement officer in the land based upon the political wishes of the president and the democratic candidate for president. Stuart so i would interpret that, thats legalese. I would interpret that as this is interference in the political process by the nations top Law Enforcement official in the election last year and for the Obama Administration. This is interference in the Law Enforcement, investigatory process for political purposes by the chief Law Enforcement officer of the land and this is the first time weve seen it articulated. Now, we knew that she told him to call it a matter. We knew that because fbi agents were teasing him. Youre now the director of the federal bureau of matters. He got sick of the teasing and dropped the matter and went on National Television and said its a criminal investigation,thats what we do, plain and simple, after calling it a matter for months, but he realized that this matter, this use of the word matter, and other phrases that she requested of him mirrored the phrases used by the clinton campaign, pardon me, to characterize what the fbi was doing. Stuart so, its not all going the democrats way. No. Stuart the comey hearings were rough on President Trump. You just ran a clip from senator Dianne Feinstein, senior ranking democrat on the senate Judiciary Committee, who wants to investigate whether or not the democratic attorney general, Loretta Lynch, got instructions from the democratic president , barack obama to put a spin on the investigation into Hillary Clinton. Stuart its not all bad to the republicans. Its not all republicans. But sad that an adds to the perception that Law Enforcement is political, very, very bad. Stuart it adds to my perception that the Obama Administration on several occasions interfered with the political process and used the machinery of government against republicans when youre talking irs and Loretta Lynch. Correct, and she condemned and said she took herself out of the hierarchy of the Justice Department because the meeting on the tarmac with bill clinton and bill clinton and Hillary Clinton herself were the political changing. Its interesting to hear from chuck grassley. Stuart thats why its top of the show. Oh. Stuart and ive got some geewhiz stuff for you from faebs. Wait for it. Theyre working on a way to let you type with your mind. On facebook. You think of a word and facebook types it out for you, no more keyboards. I have no idea how it works, mind waves, maybe . But were going to get into it. Thats dangerous. Stuart sure is. And sports, big time for the Pittsburgh Penguins, beat the Nashville Predators 20. And the Pittsburgh Penguins win back to back for the first time sense 1998. And Evander Holyfield inducted into the boxing hall of fame over the weekend, there he is, and look who is walking into our studio, yes, the man himself. Liz woo hoo the champion Evander Holyfield. Hes behind me, ladies and gentlemen, how is this . Listen up, heart disease. you too, unnecessary er visits. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies and data without insights. And fragmented care stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. At crowne plaza we know Business Travel isnt just business. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. Is this a big deal . The stock is going to be down a bit this morning. Were talking microsoft. Theyve got a new xbox one x console. 499 a pop, 100 more than the sony high end station pro. Watch the microsoft stock down a bit more. Big weekend for the boxer evand Evander Holyfield inducted in the boxing hall of fame. This is a big deal. It is. Stuart you knocked out mike tyson. Sure did. Stuart you were champion of the world four times. Four times. Stuart nobody else has done that. The best. Stuart youre making a lot of money out of this. Here is my point, it seems like boxing, classic boxing, marquis of queensbury rules, and who has taken over, mma, what does the boxer Evander Holyfield say to that. I dont think its taken over, were not publicized as much. So, people believe what they see on tv. Were not on television as much as we used to be. Stuart trouble is, i dont know who the current world boxing champion is, who is it . Joshua, the guy from alabama, cant believe it slips my mind. Deontea, the champion and whats the other guy out of england. Stuart oh an englishman, all right, well, em a im an american, but, you know, the champion of the world, you were a household name. Everybody knew your name. Everybody knew that you were the world champ and now, you cant even tell me who the mma champ the boxing champ is. I told you josh and deante are two of them, and parker. Liz youre talking about anthony joshua, right. Yes. Liz thats the worlds heavy weight, sorry. Stuart never heard of him, im sorry. Really . Wow. Stuart never heard of him. When i was a kid early 1960s, my dad and i use today watch a show bbc, black and white, big fight in america from Madison Square in america, its on decline, evander. Its not, but its because people dont talk as much the america ran the thing. Howard cosell use today talk about everybody. Stuart he did. Youve got a new agent, i believe, rep for endorsements. Yes. Stuart are you going to make some money . All about, a lot of things, i have the real deal promotion and iconic show, and so, its all about helping men to tell the people, you know, pretty much about Health Products and stuff like that. Stuart okay. What was your greatest fight . Id say the greatest fight, dwight in 1986, 15round fight and i won, but the toughest fight ive been in. Stuart he knocked you out. No. Stuart he didnt knock you out, but he really hurt you . No, i lost 15 pounds in that fight and youre kidding. Yeah, after that fight i would tell my manager, i dont know if i want to fight again. I kind of felt you lost 15 pounds in 15 rounds. Sure. 15 rounds. Stuart what was your worst fight . Well, raddic bow and the first loss against reddick bow, first time a guy hit so many times, but i came back and beat him and, yeah. Stuart do you train still and put the gloves on and hit the bag . I hit the bag, but dont get hit anymore. Stuart thank you for being on the show, good luck and im sure youll make millions and millions of dollars. Im sure. And the ceo of uber, he may be forced to take time, and well have more on varney after this. Will you be ready when the moment turns romantic . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempasĀ® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. Looking from a fresh perspective can make all the difference. And get medical help right away. 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You know, there really is a lot going on with uber. The companys considering a leave of absence for this gentleman, Travis Kalanick, Top Executive. Theyre going to bring in an independent executive on the board to face these multiple scandals that theyve got within the company. James freeman, wall street journal editorial guy joins us now. Can you put it in a nutshell . Whats going on with uber . Theres a big challenge here. You have basically a company, a fastgrowing startup. Valued highly, but unprofitable, trying to figure out where it fits in with this new world of technology and its basically been accused of having a cultural problem, which is resulting in a lot of executives leaving and perhaps people at the very top now eventually move on. Stuart is it bad behavior by the executives, risque behavior, bordering on harassment, that sort of thing . Allegations of harassment since february from a former employee and also a scandal in india where they were one executive fired recently, trying to get or did get information on a rape victim. I guess he thought it was some effort to smear the company. So, you also have a federal investigation. Maybe theyve been too aggressive in going into new markets. Local politicians hate them because theyve been breaking up the bureaucratic world of taxi cabs. Stuart but users like uber. And nobody says im not going to touch them with a 10foot pole. They have a cultural problem and need to behave better. If the manage amount behave better, they know how to operate a ride service. Stuart they will have to delay any plans to go public. I know theyre valued at 68 billion. I dont think theyll risk that valuation by going public in this climate and saying investors say yes or no. Its a tricky time. They lose 3 billion a year and what Travis Kalanick said an exsten sh exst exstential threat. If they decide to launch on an ipo road show, i think it will get a lot of questions. I do, too, if they decide to launch on that road show. James, stay with us, please. The big name tech stocks, huge losses friday and a real break in their upside move and more losses at the opening bell today for all six of the bigname Technology Stocks that we follow very, very closely. Overall the dow will be down and the big names down significantly more. Back in a moment. Whoa thats amazing. Hey, im the internet i know a bunch of people who would love that. The internet loves what youre doing. So build a better website in under an hour with. Gocentral from godaddy. Type in your idea. Select from designs tailored just for you and publish your site with just a few clickseven from your. Mobile phone. The internet is waiting start for free today at godaddy. All right. Weve got 45 seconds to go and this market will open this monday morning. All eyes on the big name Technology Stocks. As weve said many times over the last couple of years, its the big name Technology Stocks all americans have been raking in the money, investors money and stock market prices have gone up and up and up. On any setbacks, up and up and up until friday and all of them came down big and i mean big time, 4, 5 drops, some of the biggest names anywhere in the world in technology. How are we going to open up this morning. In four seconds, the market opens and our first check is the big techs. 9 30 monday morning, whats going on here . Were down just a fraction on the Dow Jones Industrial average. Were down 17 points and plenty of red on the lefthand side of your screen, ive got that. Look at the nasdaq, how did that open . A whooping great big drop on friday and down another 55 points right now. Almost another 1 drop. So, technology across the board taking it on the chin. S p 500 is down a me quarter of 1 , its a broaderbased market index. Now, look at, before we go to the big techs, look at ge, immelt, as in jeffrey, stepping down. Hes been there 16 years and the market likes it, rewarding with a 4 1 2 gain. The big story of the day, the big name Technology Stocks as they open this monday morning and will you look at that . Apple is down 5. 143 on apple. Last week it was 155. Amazon down to 965. Last week it was 1012. Facebook was 153, down another 2 bucks this morning at 147. Let me see alphabet. Microsoft, netfli