Transcripts For FBC Varney Company 20161004

Taxes, i have used the tax laws can reform unfair tax code may be flatterings ourselves sounds like he watches the program could be oh, that amazon going up some more, in premarket trading actually hit 840 dollars a share. Now not alone google and netflix running up, too yes we have a big show Tuesday Morning just wait, do you see what bill clinton said about immigration and illegals when he was president. Varney company is about to begin. Stuart watch out, Hurricane Matthew has hit land in western haiti, a cat 4 next stop cuba baum later this week, here is what is for us the model showing towards florida, off Atlantic Coast carolinas new York New Jersey this weekend. We are tracking storm throughout the program we will be joined later as well it is heading up the florida coast. Look at dow how we going to open this morning pretty much debt flat 5 points may be i am calling that flat, now, the stock of the day, the month the year, for a long time, amazon set to open another high around 840 dollars a share made that earlier. They have got two Tech Startups that story of the day, a Smart Lock Company and a garage door opener company ways to allow delivery people drop off packages inside your home when you are not there. Amazon heading for 840, netflix bile rally speculation that disney might be in market to buy it going up again, a little bit more this morning, can i give me latest on netflix disney. What is happening netflix has dwindled quash on Balance Sheet rumor out there disney to ply twitter now netflix could be in crosshairs for acquisition talked about as merge candidate for sometime disney one of the biggest of the dow so far this year has been down several digits this year will it pick up netflix we talk later about how number of cities in california now want to tax netflix nearly 4 disease cities could do that like utility, he electricity more on that later. Netflix has njacinto made. Marketing believers it had. Dwilgdeling on Balance Sheet. I am interested in Amazon Google a new phone i believe called the pixel they ditched nexus now pixel and pixelxl you have the xl have 2000 twok screen very sharp indeed htc reportedly made both one is made aluminum or aluminum and glass there you go. Let me add this to the story, going to show off something called daydream, that is virtually okay, 80 bucks a shot, showing today i think could be big deal. All right waiting for lets get to politics shall we the latest, i am going to call it a vicious attack on donald trump after he spoke to inadvertents answered by ptsd here is what he said roll the tape. When you talk about the Mental Health problems where people come back from war and the they see things that maybe a lot of folks in this room have seen many times over you are strong you can handle it a lot of people cant handle it they see Horror Stories they see inventorievent couldnt see in movie nobody would believe. It the expression cant handle it left pouncesed on that joe biden included here is what he had to say roll the tape. To veterans says, and you are strong, you can handle it. But a lot of people cant handle it. Where in the hell is he from . Stuart okay now here is what the man who asked the question originally side in a statement afterwards here is a quote from man who asked the question of donald trump i think it is sickening that anyone would twist mr. Trumps comments to me nod to pursue a political agenda, i took his comments to be thoughtful and understanding of the instrumentals many, many veterans have i believe committed to helping them army vet author of in the arena sincere. I got to show you something, the debate, i know where you are. This front page daley news my son was not weak as if trump had labeled vets weak. Talked to him understands he carries deeply about them they are trying to twist words to score points in media cycle. Isnt it donald trump has a plan, to fix the Veterans Administration . Specifically, letting vets who need treatment take and go to any hospital they like, using Government Funds that would Traumatic Stress will go away veterans see through political spin on this donald trump worked hard on these issues. I know where you are the veep debate tonight good luck we will watch tomorrow morning, all right. Still on trump, Hillary Clinton slams him on the tax issue. Lets go with this listen. While millions American Families including mine and yours working hard paying our fair share seems he was contributing nothing to our nation. Imagine that. Not fair nothing for pell grants to help kids go to College Nothing for veterans, nothing for our military. Okay, went on from there joining us Peter Morrissey professor Economics University of maryland hillary said right there he didnt pay a dime in taxes dont know when she nose or not said he doesnt contribute what is your reaction . Well, demagoguery, borders on fascism the reality is media not calling her on what a she said donald trump is in industry where people sometimes incur very huge losses in a particular year, you know Casino Industry collapsing there is no tourism in Atlantic City you lose big dollars donald trump is vulnerable largely because of his missteps that is not publishing income tax returns we likely see he would be broke today, is that he made a lot of profits in years Going Forward did account for some Losses Companies do that all the time, and he contributes do this economy structures pay property taxes support municipalities so porth, i only wish that Hillary Clinton hatdone nothing isis benghazi terrorists so forth they has done handiwork nonsense getting away with it like inadvertents issue we discovered after all the Clintons Foundation children you are right, you are absolutely right about that my contention is that if you let me and other private individuals keep more of the money that we earn, that we pay less in tax we will make better use of it more good will come from our use of our money, than if we hand it over to government that is the central premise of my argument against Hillary Clinton. How about you . I agree with that completely, i had one of the democratically economists with me in greenroom ncr trying to convince me we could have a 60 marginal rate upper income americans if necessary, and not have appreciable impact on willingness to create businesses, to work hard so forth his only real fear that they would lose country lose leave the country because we know o how hillary will handle that will use soviet burden financial iron curtain keep americans in because so she can tax them but this all goes back, to the absence of good messaging on part of trump, and the fact that hillary knows how to k exploit vulnerability New York Times new yorker magazine look for them next after people like so. I can see it peter stay there we bring you back for opening bell 9 30 thanks for being with us got it chickfila employees how about this the most likely to say please and thank you compared to workers at other fast food outlets, survey finds chickfila workers say thank you about 95 of the time. Workers at kfc 85 mcdonalds 78 of the time we thought you would like to mother. The bottom line. Yeah here is how old i am. Young cities are today dont say please or thank you. Get off my lawn. [laughter] bill clinton talking at Campaign Event would you think would have nice things to say about the president Orange County think again might be surprised at this we will show you, a new bombshell in Hillary Clinton saga fbi destroyed lap tots of hillary aids granted immunity would that be legal we ask judge napolitano shogdz numbers on religious makeup of Syrian Refugees to america more than 12,000 this year less than 100 christians details next. You can run an errand. music playing push it real good. announcer vo or you can take a joyride. Bye bye, errands, we sing out loud here. Siriusxm. Road happy. announcer vo you can go straight home. howard stern on radio welcome to show business. announcer vo or you can hear the rest of howard. Bababooey announcer vo sorry, confused neighbors, howards on. Siriusxm. Road happy. Stuart breaking news from maria circular pova ban from ten is reduced. Court of arbitration highest court for sports has reduced the ban on sharapova from two years to 16 months moons she can get back into tennis, next april, if you remember she tested positive for this medicat australian ope borrow some degree of fault, she gets taken off the banned. Olive garden numbers higher sales olive garden going to help the share price of the darden restaurants, coming off a couple bucks there tesla, the story yesterday higher car deliveries much higher nice pop yesterday up 10 bucks, going to be flat the opening bell this morning, i want to get to the migrant crisis more news on this, 12587 Syrian Refugees have come to america this year see that top number 12486, a total that is right okay, only 68 christians only 24 what is that all about, joining us now Sebastian Gorka author of defeating jihad aptly titled book if you ask me seems to me this administration has deliberately tilted towards muslims coming to america am i wrong . Well, you just quoted the fissure seems absolutely plain, the fact is we have ethnic cleansing also have religious clengs state Department Thanks to xhooits of columbus three months ago admitted what is happening in iraq syria to census is religious cleansing they targeted census christians we favor the majority Muslim Population it makes no sense at jewel are we have reported before you and i have talked about this before nothing happens. Nothing happens at all. I am really astonished at this. I think you know, we we have to stop looking logically at this question. And analyze the ideologic reasons i think the immigration policy whether merkel in germany or whether obama here in america, it is driven by ideologies by politics not driven by national security. It is it is thank you know, borders are bad tear down the borders multicult rallyism rule all cultures equal except American Culture politics is trumping national security. Afghanistan will tiek back unlimited number of of a ghani migrate immigrants who made it to europe they will take as many as 200,000, back again. I dont they may have an agreement but i know what is going to happen do any of a ghani who goes you back to afghanistan pull it like that. Not only that, in some countries, for example, the United States, the federal authorities are not allowed to know where these people live, once they have been handed over, to a local charity, the places them in community believe or not stuart for reasons of privacy we are not allowed to know where they live. So how you going to find them to send them back . That you got me, i got me. I have no answer for your question. But Sebastian Gorka come soon we like these questions. Any time. Stuart yes, sir a big announcement from google coming today, are we believe two brandnew smartphones plus an 80 dollar Virtual Reality headset that is you go inintriguing, will bill state of union speech 95 talking immigration back then he sound like donald trump. You are going to hear it you wont believe it. Next. [pony neighing] what . Hey gary. Oh. Whats with the dogsized horse . Im crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. Isnt that right warren . Well, you could get support from thinkorswims inapp chat. It lets you chat and share your screen directly with a live person right from the app, so you dont need a comfort pony. Oh, so what about my motivational meerkat . Inapp chat on thinkorswim. Only at td ameritrade. Stuart all. All americans not only in the states most heavily affected but in vr place in this country are rightly disturbed by the large numbers of illegal aliens entering our country. The jobs they homed might otherwise be held by citizen or legal immigrants the Public Service they use imposed birds on taxpayers, that is why our administration is moved aggressively to secure our borders more, by hiring a Record Number of new bder guards by deporting twice as many criminal ail yens as ever before cracking down on illegal hiring, by barring Welfare Benefits to illegal aliens the budget i will present to you we will try to do more, to speed the deportation of illegal aliens arrested for crimes to better identify illegal aliens in workplace as recommended by commission headed by former congressman Barbara Jordan we are a nation of immigrants, but we are also a nation of laws. It is wrong and ultimately sel selfdeing for nation of immigrants to a prevent use of immigration laws we have seen in recent years and we must do more to stop it. Stuart i got to say when i first heard that i was really shocked, if you said that today, you are a bigot, you are a would i agreot. I mean he said in 1996 as well got standing ovation, Barbara Jordan a civil rights activist, very reveered against illegal im saying as Caesar Chavez Hillary Clinton new york senator said she doesnt think we protected borders we need to keep track of Illegal Immigrants Hillary Clinton said that in 2004. Exactly, after that point, hispanics voted en masse democratic. All of a sudden, the weather changed. So pandering so clearly pandering, that is obama essentiallyly opened border inviting them in. A push in 1996 to make since of Illegal Immigrants by democrats al gore to the point of saying we better watch it looks like voter mill that is back story too. I am glad you made us aware astonishing, stocks in the news going to be in news from now google, two new phones, and 80 dollar Virtual Reality headset beidigs plaid Alphabet Google going up more 804 price we will look at wells fargo, down to 43 dollars per share, here is the question are politicians going too far in beating them up good question, may be should buy the thing now. Amazon we follow every single day again it is the stock to watch, nonstop innovation from this company to open around 840, 840 dollars this morning, we are going to watch it, how it moves the opening bell. Amazon makes investing exciting doesnt it . Back in a moment. Is it a professor who never stops being a student . Is it a caregiver determined to take care of her own . Or is it a lifetime of work that blazes the path to your passions . Your personal success takes a Financial Partner who values it as much as you do. Learn more at tiaa. Org. Trained to 10 seconds until the opening bell. A fairly flat market in the very early going. My advice is watch the Big Technology stocks. They could be moving. Ooscar moran in Tuesday Morning and the dow has opened up 15 points in the very early going. Plenty of green on the left hand side and now we are up 19. The price of oil not much changed but we are at 49 a barrel. Definitely leading the way. Look at amazon. 841 a share. More on this in a moment. Netflix speculation that disney is interested in buying it. Google rolling out the pixel phone and a daydream virtualreality heads that coming out today. Only 80 bucks a pop, 806. Ashley is here, loses here. Peter marie c. , all of them together this Tuesday Morning. Every single day the money is going. Ill start with amazon currently at a 41. Mike murphy, i ask you this every time. Im not going to buy at 841 but in the sun one but amazon has taken on all competition and now they are going fedex, ups. The stock up over 400 billion market cap for the first time ever. The knock on amazon forever was evaluation. If you notice now no one is talking about valuation. Right now i dont think its time to jump in and buy if you havent been along for the ride already. Stuart peter marie c. , valuation is interesting because they pile every red cent of profit into a different kind of company. They always move into new businesses. Think about where they are moving. Existing franchises will have difficulty adapting. Driverless cars or a lot of overhead. That is ripe for disruption. Those planes are quite possible. They are throwing a pot of spaghetti at the wall. The stuff that sticks is going to make people a lot of money. Stuart if i owned it i might be inclined to buy a good always take a profit. What a hack. Google at 806, 805. New stuff out today. Ashley two new phones teaching the next is sown when you wouldnt know it retains you didnt buy it. The pixel act so one on the front and entry system. Headphone jack. The Police Control speaker system at go and virtualreality head that which we believe will cost around 80 bucks which is very reasonable. Stuart after Brian Fitzgerald and analysts as google will go to 1000 a share. What he think about, mike murphy . Very well could be. I dont think its going out on a limb. The way the sox way the sox have been moving its interesting. Look at google, amazon, apple, they all seem to be doing the same thing. They are all talking about cars in the homes. If you havent been along for this ride so far then dont jump in here. Look for a pullback. Stuart todd horvitz, you are a traitor by more than anybody else. If you own any of these bigname techs, would you sell them now . You know, if i owned them might be protect in them and hope they would continue to go higher. I do think theyre overvalued id be more crying to be a seller. A great model and nobody ever talks about is the outside business they have with vendors that they dont have to pay for inventory. Thats a pretty good model the way i look at it. Stuart just collecting the money. I like the sound of that one. Theyre interested in buying them going a bit far. Last friday morning continuing to give fuel to netflix stock prices you can see the Netflix Library shows and movies that drop 50 in the last four years. It is expensive to buy the rights of others things. Looking to boost their original content. Theyve not said theyre interested in being bought. Maybe they want to add to the entertainment offerings. This is purely speculation. Stuart mike murphy is itching to revenge me. When you say about netflix . Lets go to the videotape. Into the mid80s i was on this esteemed program and i said that was the time to buy the stock. I think 44 billion i dont see disney going out and i think netflix although the libraries down there making original content. Is the way people content now. Stuart todd horvitz called this as well. That is what happened. Check the big word up 32 points. The dow at 18 to 87. Quickly the british pound has hit a 31 year low. That is all reddish eggs a concern. Theyve got a very weak currency. The price of gold a belief just dropped below 1300 bucks an ounce. A strong dollar may explain the move in gold. The government is probing complaint about the f. 150 ford truck brake failures. It is the most popular truck in america. The stock is dead flat at 1216. The Parent Company of olive garden which is actually doing very well and so is the whole Company Going up 3 . The full story, nicole. Also the parent of longhorn and state. A few years ago the investors stepped in, took over the company. This is a company that is falling sales for the customers who came in had checks they paid for less money each time with a wooden order and turn this company around. This quarter faced a profit receipt. They raised their guidance. The stock over 52 weeks is outpacing everything from Cheesecake Factory to ruth chris in a lower food costs and reduce the number of items on the menu. They are really turning this around. Stuart nicole, thank you. Gun sales have their 17th consecutive monthly record for september. These are figures from the fbi. Up 27 yearoveryear in september. Amazing numbers. September background checks 1. 9 million in september alone. Stuart that is normally to a sale. Ashley doesnt guarantee a sale but president obama will restrict Second Amendment rights before he gets out of office. The type of weapon feedback from a handgun sonata mattock rifles. Stuart if donald trump was gunned stocks go down. Is that too abrupt . It might be a little too abrupt. Smith wesson is almost 20 down from its recent high. Thats why one to step in and start accumulating up like this. Stuart more on ford motor company. Bringing back the bronco. Thats the worlds most famous bronco. The one carrying o. J. Simpson. Ashley i was stuck behind a bad day. I lived in arizona. My folks live there now live. It was a friday afternoon to go with the parents. Got caught in all of that. Stuart in the background i heard you say the bronco. I remember that appeared with the special about it . The bronco is a great vehicle. They need a smaller vehicle in one much more like a truck in the escape. They could use the factory where the focus is pleasing to make it. It is really sad for it has totally mishandled the communications on the realignment of its production. The descendents of stuff to mexico but its building new production here. It is rationalizing its supply chain. A good positive story to sell but the messaging was terrible. But the campaign that tookot of demagoguery. Tree into a think youre right. Twelve dollars a share and ford. Barbara treasury secretary Larry Summers has floated the idea of continuous purchases of stock to strengthen global economies. The bank of japan in tokyo say u. S. Pension plans for government workers by already. Day about Federal Reserve purchases of stock here the bank of japan he pointed out by the ats already it is also said their scope or the Federal Reserve to go negative on interest rates. Larry summers making an ounce min. Stuart what he think the idea the Federal Reserve but i stop . Its absolutely ridiculous. They are telling you they have nowhere else to go right now in a lot of trouble is looming out there. This is a bad come of that situation they are trying to create and control the market. They are trying to control and prop them up for what reason i have no idea. What theyve done has not help whatsoever is creating problems. The debt to gdp ratio if they go out, guess what will happen . I want to go as well. Bill gross Central Banks entering the Financial Markets into casinos. Quick comment, please. So much liquidity is fair. Central banks essentially charging banks tule deposits and so forth is absolutely absurd. When Central Banks are buying common shares, it means they really are at a convention, but also it means their prosperity is as false as donald trump claims. Stuart thats interesting. A good al q. Got it, everyone. The big word up exactly 40 points. 18 to 93. The Mainstream Media in full attack mode. The target of the Donald Trumps veterans and ptsd. A veteran who is that who is at the event since the media is twisting donalds words. How is this for outrage . The fbi agreed to destroy the laptops of clinton aides who got immunity. You can bet napolitano is fired up over that one. We ship everything you atcan imagine. N, and everything we ship has something in common. Whether its expedited overnight. Or shipped around the globe,. Its handled by od employees who know that delivering freight. Means delivering promises. Od. Helping the world keep promises. Stuart Tuesday Morning 15 minutes in and up 45 points. A look at netflix. What you believe that some cities in california, pasadena included are thinking about taxing netflix subscribers and other video streaming companies. We shall see about netflix. The stock is up. Donald trump talking to death yesterday commenting on ptsd. It is exactly what trump said, roll tape. When you talk about the Mental Health problems and people come back forore in combat and see things that a lot of the folks in this room have seen many times over and a lot of people cant handle it. They see Horror Stories and events that nobody would believe it. Stuart the Mainstream Media is all over that. Look at these headlines. Donald trumps gaffe on veterans and ptsd shows what an amateur he still lives. Donald trumps comments on veterans suicide or exactly why there is ptsd stigma. My son was not weak, implying that donald trump says veterans are weak. Thats the criticism. Here is general jerry boykin, executive Vice President and he was there a trump statement yesterday in front of the vat. Would you make of what the media is saying about donald trump today . Stuart, this is a totally contrived controversy. What matters is the veterans in the room. What matters is the veteran who asked him that question. I can tell you not a single veteran in their found what he said offenses. In fact, we found it encouraging because he clearly understands the problem and its made a commitment to deal with it. Stuart when donald trump said that we just showed the viewers, did you pick up on that at all . Did you think in any way he just veterans are insulted them are called them weak . Did you pick that up at any point in his presentation yesterday . No, not in the least. In fact, the young marine sergeant that asked the question and chad will tell you that he found nothing in there that was discouraging to him whatsoever. This really makes me wonder just how detached from reality some of these journalists are. Im not even sure they understood what we were doing in there yesterday. We were talking about sensitive questions with the military with regards to dealing with isis, with the important issues like religious freedom in our military and ptsd. Thats all they cacome out of this with. This is a positive meeting and trump actually did quite well at these veterans. Not an endorsement of trump. Stuart what was the reaction of the crowd as they listen to donald dumps straight men and the q a session which followed . What was the crowd doing during this time . First of all they were listening intently and mr. Delfin was about cybersecurity, both offensive cyberdignities. He was applauded for that. And resonated with many of those and then we went into the questions of dancers. He was very well received because i think he gave good answers to this. This was not a controversial issue that he was talking about. Stuart i looked across the media. I can barely find a mention of donald trump statement of cyberwarfare which is right at the front of his presentation. It all about how he caused the veterans week. Im just astonished. Im sorry it got to run. Ive got a hard break coming up here thank you for being with us. We do appreciate it. Check that market. Where are we now . Not exactly a sea of green, but the greens dominate. That market is a period the fbi destroyed the laptops of clinton aides who received immunity. Question for judge napolitano. Was that legal . Back in a moment. This woman owns this house, with new cabinets from this shop, with handles designed here, made here, shipped from here, on this plane flown by this pilot, who owns stock in this company, that builds big things and provides benefits to this woman, with new cabinets. They all have insurance crafted personally for them. Not just coverage, craftsmanship. Not just insured. Chubb insured. Amazing sleep stays with you all day and all night. With sleep number, you choose the exact firmness and comfort you want and so does your partner for the best sleep ever. The columbus day sale is on now with the queen c4 mattress set only 1399. 98. Plus 24month financing. Learn more at sleepnumber. Com weve become a Banana Republic and today we learned the fbi made a thank you with britains top aides to destroy their laptops. Get rid of them. Stuart im going to repeat that. Donald trump calling up the fbi that they agreed to destroy laptops of clinton aides whove beiven immunity. Look who is here on his farite subject. Judge Andrew Napolitano. The subject it just keeps giving. Wasnt there supposed me information on most computers which have been subpoenaed for court evidence. My first book of the subtitle is what happens in the government breaks its own laws. This is an example of the government breaking its own laws. Whoever in the doj, department of justice authorized fbi agents to destroy these laptops, knowing that the contents had been subpoenaed by house committees come in knowing the contents of the subject of federal litigation freedom of information act litigation destroyed evidence and broke the law and committed a criminal act. The question is why. Why and how do we know about it. Stuart all get to that in a second. His own fbi which he rents destroyed evidence. I dont know how he can justify this. First of all this could not have been done by the fbi without significant involvement by the doj. Secondly she didnt get immunity. She got an agreement not to use the contents of the laptop in a prosecution against her. She could still be prosecuted for obstruction of justice that just good news the contents of the laptop against her. The destruction of it is so bizarre and peculiar. Ordinarily the fbi will keep evidence indicates what person has not been indicted until the statute of limitation expires and will return the evidence to the source. Donald trump is right. Thats Banana Republic stuff. I dont know that its quite Banana Republic that is so far from the mainstream that those of us watching this rings are scratching their heads. Why do we keep hearing about this . The theory is based upon a lot of information people have communicated with. A substantial group of fbi agents who are listed at the outcome of this investigation. More than enough evidence to charge those prosecuted and convicted mrs. Clinton and they are doing their best to embarrass their bosses are present enough evidence by which their bosses made the decision not to prosecute can be challenged. Stuart a professional blunt force that cannot be loved and destruction of evidence. Therell be no consequences other than political. There will be no legal consequences. Whos going to prosecute them . Stuart therell be no prosecution whatsoever. Not in the email scandal. The attorney general may well be on the supreme court. Particularly if republicans run the senate. Stuart judge camus say that forever. More examples of why obama cares collapsing. Obama cares a disaster. Even bill clinton calls president obama signature law. He calls that crazy. Exactly what bill clinton said at the top of the hour. Also a democrat who used to work with Vice President ial candidate tim kaine is now supporting donald trump. The debate is tonight. Well tell you why this candidate is in support. But the stuart we think its time all by my care became a big deal in the election. Its not at the moment but it should be. Lets be clear, the Affordable Care act is collapsing. Not just winding down. It is collapsing. Middle america is about to feel real pain and that should be an election issue. The monthly insurance cost millions of people is about to go up dramatically. Of these 50 in minnesota. Astronomical deductibles, skyhigh premiums that is not insurance. Obamacare wounding family finance. That its collapse. Big insurers are leaving. They are done. That means theres only one provided. In some areas there is no Exchange Coverage at all. That its collapse. Fact of the 8 Million People have been fined 1. 7 billion for not having coverage. They wont join a wildly ruinous system. Collapse. Donald trump has laid out a plan. Hillary clinton wants more of it appeared it should be an issue and also a warming. Dont go down the governor wrote. This is america. We are exceptional in america should have an Exceptional Health care system. This election will decide whether it has issued that getting one. All the sudden 2,025,000,000 more people upheld here. The people with 60 hours of required of the premiums doubled in their coverage cut in half. Crazy is thing in the world. The insurance model doesnt work here. Its not like blood. Doesnt work. Trade to dallas bill clinton telling it straight. He was campaigning for hillary. He said that yesterday. Obamacare is a crazy system. Doesnt make sense even though hillary is running on the president s record. This morning Clintons Campaign manager, robbie luke was asked about what you just. Watch this. Health secretary clinton changed the Affordable Care act because as you know, former president clinton had something to say about it yesterday in terms of people not exact late coming as well as they thought they might. Well, im sorry that youre going to play a clip there. Really glad you asked that question. I would if i had one. At the secretary clinton agree with her husband, former president of clinton that obamacare is a quote crazy system that hurts Small Businesses . Well, what he was referring to is the Health Care System both as it used to be and sometimes what happens in some of these market where basically the marketplace with the cost. Stuart do you understand that . This is here with more news on what i call the collapse of obamacare. The Blue Cross Blue Shield top regulator. Its an emergency situation. We are talking tennis v. Blue cross blue shield leading. They could be leaving. This is a firewall. Two thirds of people are seeking to our last insurers in their counties. Heres the problem. The exchange has been rolled my million. Now what is happening is the Administration May try to get private confidential irs information on who is talents exchanges. Three Top Republicans sent a letter to the irs commissioners say not enough. Not a lot to reveal private confidential information about to play the mandate that. Ashley to sick people looking after sicker people while the young who are healthy are not even buying it. True to where on earth does Middle America stand wanting help Care Coverage in the next six months or one year . Liz at exorbitant rates. The Health Exchanges only rolled my Million People are also a medicaid. That is obamacare. Thats the truth behind it. Stuart i use that word deliberately and rightly. Meanwhile, donald trump addresses the tax issue. He calls himself brilliant staging is the one who can fix the tax system. Trump economic advisers steve cortez is that the now. Rudy giuliani defended the donald trump and said he is a genius at what he did with the attacks and with this comes in the period i handled the tax code brilliantly. Would you say . Very interesting, someone we all agree was a genius, Albert Einstein once said the hardest thing in the world to understand is the u. S. Tax code. Donald trump does seem to understand that very well. Im not so sure about that. It was certainly smart. 1 million american taxpayers had a net operating loss. This is the done arcane loophole. When you start a business of any kind is far larger than most americans. When you start a business and its sales come you take the loss against future earnings. To me, the really good news is that donald trump did after that. He was absolutely on the map in the early 1990s. Hes been very transparent by the way. He read a book about it and it is a come back in a monumental one. Now one of the richest people in america. Did he use the provisions . Of course he did. We all use every legal tactics to reduce their tax liability. Thats just smart economics and smart business. Trade to Hillary Clinton on out there and said he didnt contribute a dime for all of those years, to food stamps or anything else. I turn that around completely. I say what donald trump did with the money coming to have was far better than what wouldve happened if theyd gone with the government. Thats my point. Money in the private sector always has a much higher mall to buy respect and it never does when it goes to washing in the day. What did he do since then . He is both buildings all over the world. He employs tens of thousands of people and its a wealth builder. We dont know how much he paid or didnt pay in income tax. Clearly after last night that he didnt pay taxes for a while. His property tax bill alone is gargantuan. Millions of dollars over the course of his career intact. Hes far from being done underwent it comes to the tax structure. Whats more important and this is key. Hillary clinton and her allies truly believe government creates prosperity. We believe quite the opposite at the private sector, risktakers, entrepreneurs create a lasting press verity. Donald trump has done that entire career for himself and employees. Now he wants to do it for america. He said i used to work for trump. Now i work for you. Steve cortez, thanks for joining us if we will see later. If you think the clintons position on mexico on immigration is the polar opposite of donald trump edition, watch this flashback. Technology personnel, physical barriers is necessary. Our weather station registration is hired to Record Number of order cards by deporting twice as many criminal aliens as ever before. We need to incentivize mexico to do more and we need to create the environment in which we get people out of the shadows and then give them some earned right to legalization. We are also a nation of laws. It is wrong and ultimately selfdefeating for a nation of immigrants to permit the kind of use of immigration laws we have in recent years. If they committed transgressions of whatever kind they should be honestly deported. We will do more to speed the deportation of illegal aliens arrested for crimes. Stuart well done. Whoever edited those things together, well done. Hillary clinton 2006, bill clinton 1995. This may sound somewhat like donald trump 2016 . Joining us now, scholar ambassador john bolton are. Diplomacy is your field and comments on immigration and the extraordinary change in position of the clinton then and now. I dont think Hillary Clinton has changed that much. If you listen to what she was saying, she even then was talking about a pat citizenship or the illegals. Both of them spoke about deporting Illegal Immigrants who had committed criminal acts in this country. Not simply been deported for the fact of ilLegal Immigration. Lets not hide the fact that the Democratic Party has moved significantly on this issue over that period of time because they are really embracing a broader philosophy of the World Without border. John kerry himself a few months ago said you better get ready for such a world. Orders are so inconvenient and the most we should consider a country to be his whoever happens to be inside the borders at any given time. Thats the view of europe allow hundreds of thousands, even millions of people fleeing the middle east. Thats the argument for opening our borders. Thats the philosophical divide. Trade to that is is called globalism. Dont worry about borders. We are a global community. Thats what this is all about. I think if you look at the United Nations summit that occurred a few weeks ago the General Assembly opened there was talk about treaties that would in effect begin to move towards just such an open border system. Conveniently put off by the delegates until 2018 said they were talking about it in the middle of an american president ial election. This goes to the question of what a country is. Anybody who happens to show up or are you entitled to have things like citizenship that defines who participates in making decision. People want to turn this into an antimexican issue or antithis or antithat. I favor increasing Legal Immigration and i think were entitled to to define what our country is. Stuart do you think president obama wants to be the president of the world . I think he thinks america is not an exceptional country to what they do here is not exceptional. Its the same thing that goes on in 192 other countries. Anything that hastens the movement of authority and power away from nationstates towards larger International Organizations that try to tamp down the difference between americas con additional system than the rest of the world is fine with him. In the faculty lounges of the great universities of america, they think it did the same thing. Stuart deletes the world over think exactly the same thing. Mr. Ambassador, thanks for joining us as always. The big war shows a lot. Up four points. We had been up 40 or 50. Now we are down for. More varney in a moment you can run an errand. music playing push it real good. announcer vo or you can take a joyride. Bye bye, errands, we sing out loud here. Siriusxm. Road happy. announcer vo you can commute. man on radio . 40 no flags on the play cheering announcer vo or you can chest bump. Yo commute, we got serious game. Siriusxm. Road happy. Stuart next case, gun sales. Ashley up 27 yearoveryear. Background checks doesnt necessarily signal a gun sale. The process they go through 2 million that were checks. Handguns are not a manic rifles and part of the reason given is among those who study such things if fear the Obama Administration will try as a passing gesture to put on the Second Amendment. Liz fbi background checks that looks like 2016 will be a record year. Last year was 23 million. Now its 19. 9 million background checks for the first nine months already. Ashley coverage of the Vice President ial debate. Starting at 7 00 eastern time. 7 00 tonight. Watch lou dobbs by the way. My colleague and friend from the debate. Next, our next guest worked for 10 came when he was governor of virginia. He is now the executive dirt up the pack a democrat who supported donald trump good christian workers as it does on the screen. What turned you around . What turned you off . Originally i was a Bernie Sanders supporter and i decided early on if he wasnt going to be the nominee but i was not going to support Hillary Clinton. I come from a small town in virginia very close to the university where the Vice President ial debate is today. There were 15 manufacturing plants they are 20 years ago and now there is one. There is nobody more responsible for this massive job losses than the getting out of communities across this country and bill and Hillary Clinton. So you like trump in particular because of his stand on trade and nafta and china. Thats where youre coming from. How about taxation . How about education policy . He was trump in those areas as well as trade . The most important issues in this country right now is jobs. They say the Unemployment Rate is low, but it is a really low. People are underemployed, contract workers, going on disability. They dont have the benefits they use to. People are fed up. If they can provide to their families that trickles down in the education and then the taxation and everything else. Stuart i think the most important issue in this election is prosperity. Returning americas middle class. For that you have to have growth. How many people have you got within your organization . How Many Democrats for trump have you got . Well, weve identified 200,000 in ohio and a couple hundred thousand in pennsylvania. Those are primary states that a party switch the registration. Weve identified 850,000 in 10 counties in pennsylvania that are right for a message. We are going to turn them out. They are independents and democrat and we are going they are just after the debate today. We are going to do a little tour through pittsburgh to cleveland corridor and distributing over 10,000 times. Weve got hundreds of thousands of people in it is going to make a difference in this election. Stuart thank you for being with us this morning. Come again before the election. Stuart you got it, sir. I will update everybody under 18 update everybody on Hurricane Matthew moving towards the United States. Images from nasa to show the sheer size of this thing on video taken from the International Space station. The hole in the middle if you can see that, that is the center of the storm ended swirling right over the high, not the hole in the middle. That is right over as we beat. Watch out for that weekend. Pope francis has made a surprise visit to italy where in august and earthquake killed 300 people. He wanted to be close to the people. There you have it. Chickfila, restaurants in Florida Holding a Voter Registration drive. Local democrats not happy. Well explain in a moment. Trained to be a strong dollar. That is hurting the price of gold down 24 firmly below 1300. Gold mining stocks getting hit. One of the biggest of the miners is down 2 benefactors. The biggest loser of all the hundred in the s p. Dr. Pepper snapple is down. Why . A downgrade from one of the firm but not to take it down or. 5 . Democrats outraged over chickfila because chickfila is hosting a Voter Registration drive in florida. Ashley has come up in ellis county. Nine local chickfila restaurants being used for voter duration in particular the leader of the local lgbt group saying this is not fair because it only management to the family rented this is a christian one is that they support traditional marriage of the things that their agenda people who are upset about using them for voter nation say that it inherently un air an overtly and. Voter ration of the place clearly is not in line with the democratic feeling. Stuart not sure what to say about that. Ashley the irony in a democrat admit they go there a lot because they like the food. Train to the Clinton Foundation lay enough revenue for employees. Liz by the end of year the remaining staff at the initiative of his foundation will be laid off. Bill clintons epping down from the board thing he will no longer raise funds. They wont accept donations if Hillary Clinton wins it looks like theyre still getting donations. Stuart did you see her trump . The Trump Foundation doesnt have any employees at the Clinton Foundation has loads of employees come in many who are the sons and daughters of Network People and they are all locked into the clintons. Dozens of media organizations give money to the Clinton Foundation as well. Stuart wells fargo. Let me check that out. It was that 55. The stock is now a 43. Coming up next, the wall street guy who said i hadcome it is cheap at 43. The clinton attack machine going in height. A New York Times article calls him lazy, meyer, jean believer. Thats just the first paragraph. We will have more varney in a moment. As a combination of see products. Arrive without damages. Because od employees treat customer service. Like our most important delivery. Od. Helping the world keep promises. I just saved thousands on in less than a minute, i found out how much home i can afford. I like how you shop for loans the same way you shop for flights online. I didnt realize that lendingtree you can save money on almost any sort of loan. I consolidated my Credit Card Debt with a personal loan. I found a new credit card with 0 interest for 15 months. You just shop, compare, and save, and its all free. Go to lendingtree right now and start saving. Stuart we have come back just about even on the dow, we were up 50, down 40, now we are down eight, tied to the price of oil which is down . 15. Please check out wells fargo. The city of chicago pulling 25 million from the bank because of the phony account scandal. Politicians piling on that thing, how about apple . The new iphone 7 topped the list of having the worst ashley this was done by uk outfit called which, one of the highest scientific tests, when they did a comparison of calling, the galaxys 7 and lg 95, pull those together, the iphone 7 was last, it lasted 12 hours, hdc lasted 31 hours, well at the bottom even when they it into browsing which they are more used for. The iphone 7 battery finish last again which is really interesting. The iphone 6 battery did better. Why is everywhere it is always 100 . The clinton attack machine, putting it mildly, it is in high gear, and the New York Times, donald trump is a slug, a thug who talks gibberish and lies and cheats and has issues to put it mildly with women, lazy and has the Attention Span of a nano second, he believes he has great jeans and considers the german blood of which he is proud great stuff, mexicans and muslims by contrast dont make the cut. Roger cohen, oped in todays New York Times, mercedes shellac, every seen anything like this before . I never have. I think this is desperation. What say you . I am not surprised. New york times, they for months have you been watching the Mainstream Media for months . This has been clear that there has been a goal of many in the Mainstream Media to destroy, absolutely destroy the Donald Trump Movement and the donald trump phenomena and. Im not at this point surprised, they will throw everything at him, the kitchen sink, everything being thrown at donald trump, every word donald trump says is being dissected by the campaign and the media and that is why trump has to run the nearperfect campaign i talked about several weeks ago. Stuart this kind of hate speech i call it, and brings into question the quality of american journalism. So low that you use language like that in the New York Times that is a new low. Not only the language they are using but the namecalling process, not about critiquing Donald Trumps policies but critiquing his personality and that is the goal of the Hillary Clinton campaign. When you listen to Hillary Clinton it is about Donald Trumps temperament and personality, never about policy, that has been missing during this election cycle. What does Hillary Clinton have to run on . From so many in the Mainstream Media Hillary Clinton, they are going to back her up and continue namecalling, not surprised. Stuart you are right, the debate so far has had nothing to do with policy, nothing at all to do with policy. That is beneficial to Hillary Clinton because this is my personal opinion, she does not have a policy that will restore prosperity to the United States. That is my opinion but the media picked up on it, and that policy. A disservice to the American Voter if they are not educated on different policy positions. I think for the media to take on this approach is that they know more than the average American Voter is quite insulting and that is why when Hillary Clinton talked about the basket of deplorables or basement dwellers there is a sense of elitism where they dont understand, Hillary Clinton, many in the mainstream, many in your town of new york city do not understand the plight and struggles of average americans. Stuart you know what i am looking forward to if it should happen . If donald trump is elected president november 8th i want to read the Mainstream Media on november 9th, i want to see the look on their faces. They will be shocked at what just happened. The republic will survive. Stuart sorry, i got to break away. Do apologize, breaking news, live video from paterson, new jersey, there was a fire as a result of a gas leak, two homes completely leveled by the resulting explosion. No word of casualties or injuries, this just happened, quite an explosion, demolish two houses, updates as they become available, you are looking at paterson, new jersey. I want to get to your money, adam johnson is with us, we are talking wells fargo. We dont often have guys like you on the show. Why would you . Stuart you say wells fargo had 43 a share, it is cheap. It has gotten very cheap. What wells fargo did maybe deplorable to borrow a phrase but not debilitating. You had 1 of the employees create false accounts for fewer than 1 of the customers and average cost to each of those customers was 25, the total amount wells fargo made from this fiasco, it has turned into a political witchhunt, 5 million. Stuart they are sued by anybody and his brother, enormous political support, could take billions of dollars off of them. Consider this. They paid 185 billion in fines for something which created a benefit of 5 million, 35 1. Typically when you go to court and there is a punitive find it is 31. This is 10 times what you find in court. Stuart they are inoculated against the serious judgment against them, have the money to pay. They have the money to pay, this is a bank that earns 20 billion per year and underwrites one quarter of mortgages in this country. So vast if every state did what South Carolina did and said we wont new municipal underwriting it would cost 100 million in lost fees, 20 billion, 100 million, 10 times earnings, one. Two times, it is too cheap. Stuart you make a good point. Amazon, go to the other extreme, would you sthat on the grounds, it is 8 35, it was 8 42 and change. With you sell it . Amazon is the cheapest 842 stock, here is white is growing earnings at 80 . It is growing earnings at 80 because amazon web service, what is fascinating about amazon is the company we think we know but we dont, what is driving the growth at amazon is Amazon Web Services, these guys are in the back office for websites around the world, growing so quickly that by 2020, Amazon Web Services will earn more money than amazon retailers. It is cheap for a very different reason than wells fargo but look at each company on its own. Stuart i went to get to the speculation about disney being interested in netflix. Liz Research Shop said walt disney would be a good fit with netflix, stream espn short shows, disney did move to buy video companies, netflix popping up, down 14 year to date, it has been moving higher. Netflix is saying it is not for sale. And on the Balance Sheet, the debt is going up. Stuart a comment from you, disney, netflix make any sense to either company . Additional distribution, to buy twitter and pump that up. It is about bringing content and distribution together. That is the new paradigm and disney is trying to reinvent itself. Stuart the rules of the game say ask disclosure, what do you own, wells fargo, amazon, netflix, disney. I wish i did. Bullseyebrief. Com. Should not in my first year hold any stocks to create a conflict, money on the table by not following my own advice. Brief. Com. Stuart we might have someone on the show. Europes migrant crisis, discussing that topic, ones that he was assaulted, no go zone is sweet andable and another said no such thing as no go zones in europe. And the uk set a date, where negotiations will start. In march of next year. Make britain great again. The pursuit of healthier. It begins from the second were born. Because, healthier doesnt happen all by itself. It needs to be earned every day. Using wellness to keep away illness. And believing a single life can be made better by millions of others. As a Health Services and Innovation Company optum powers modern healthcare by connecting every part of it. So while the world keeps searching for healthier were here to make healthier happen. Across new york state, from long island to buffalo, from rochester to the hudson valley, from albany to utica, Creative Business incentives, infrastructure investment, university partnerships, and the lowest taxes in decades are creating a stronger economy and the right environment in new york state for business to thrive. Let us help grow your companys tomorrow today at business. Ny. Gov Ashley Varney and Company Start at 9 00 eastern. Here is what you missed, peter morici on Hillary Clinton. Donald trump is vulnerable because of his own missteps, not publishing income tax returns, we will see he would be broke today, made a lot of profits in years Going Forward and got to count losses, companies do that all the time and he contributes to this economy no matter what, to pay property taxes, municipalities and so forth. I wish Hillary Clinton had done nothing, then we wouldnt have isis, benghazi and those terrorists but she has done her handiwork so this is nonsense but they are getting away with it like veterans issue we just discovered. I heard about them, didnt believe they were real, some kind of propaganda, and they crossed the threshold, 30 or 40 of them in sweden. Stuart that was on this program talking no go zones in europe, migrant workers, police a too scared to enter. Ralph peters says no go zones do not exist. Katie hopkins, you are based in europe, do no go zones . Im defining it, police are fearful to tread. Absolutely think they do exist. I would welcome your guests, welcome him to come here, try walking through here, and definitely no go zones, there are 751, kind of sensitive, police wont go there. Stuart authorities contest that, whether there are no go zones. An officer from the metropolitan police, also say there are areas where the police, they wont go where they do not wear their uniform to go in those areas. Stuart what would happen if you were to go into these no go zones in london . Dont think i would be a very welcome person. Across the uk, in birmingham, not only outnumbered but unwelcome in my own country. Stuart what would they do . People who are strictly british no longer welcome in their country. Stuart i have limited time. What would they do . What would happen to you . There are Different Things that can happen. Women are shouted at if they are not wearing a burqa or a face veil. Someone like me, whether i make out in those areas or not i would be given a good scare and wouldnt be welcome in a country i grew up in, my grandfather grew up in and i belong to. Stuart the uk Prime Minister set a date, march 2017 they will begin negotiating exit from europe. You say the brits will become a beacon for the rest of europe. Sunday was a really exciting day in the uk, three debates taking the stage, we will be leaving europe, starting article 50, the mechanism, by march 17th. We have hungary boasting no to any more migrants, 1600 migrants, they said no more. Bulgaria banning the burqa, it was a great day for me in the uk. I feel brexit has begun and tears were shed by remaining people staying in europe. Stuart maybe there is going to be a refendum in france whether they leave the European Union. It could be next year. Do you think the french would vote to leave the European Union . Yes. France is in such a mess, the jewish population, a place very hostile they want to run away from. It is wracked with terror. They had so much hostility against the traditional systems that if there was a referendum they would certainly leave and we will see more referendums on whether there are more migrants and wont be any more migrants around europe because countries are saying no. Austria, 2 december is about to vote in the first am a far right president of any european country so those dominoes have started to fall in europe. Stuart katie hopkins, thanks for joining us, have you back real soon. Hillary clinton on full attack mode and the Mainstream Media jumps on board. The countrys elite terrified of a Trump Victory in november. That story at the top of the next hour and we finally got video, there you go, caused by Hurricane Matthew, dramatic video. That hurricane just made landfall in haiti and is expected to move up the east coast later this week in our eyes are on it. 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The hurricane making its way towards the us, florida and North Carolina now declaring a state of emergency as we track matthew come a we are tracking that storm, could hit the new York New Jersey area this weekend, i say could. Janice dean will have the forecast in the next hour. Producer christine telling Stuart Varney about what else is coming up at the top of the hour, steve forbes joining us for the list of the 400 richest people in america. I know i am not on it. Our voice of reason from california, not many of those, on the clinton attack machine and bill and hillary saying anything to get elected. Our top watchdog is here to respond to bill clinton calling the health lock a crazy system but first general terry boykin responding to the media backlash against Donald Trumps comment about ptsd. Stuart what you make of what the media is saying about donald trump today . This is a totally contrived controversy. What really matters is those veterans that were in the room, the veteran that asked him that question. Not a single veteran found what he said offensive, found it encouraging because he clearly understands the problem and made a commitment to deal with it. Talk to the young marine sergeant that asked a question and chad will tell you he found nothing in there that was discouraging to him. What this really does, makes me wonder how detached from reality some of these journalists are. I am not even sure they understood what we are doing yesterday. We were talking about substantive questions with regards to restoration of the military, with regards to dealing with isis, the important issues like religious freedom in our military and ptsd. If that is all that can come out of this, this was a positive meeting and i think trump did quite well with these veterans. It was not an endorsement of trump. I am shocked away they are acting. Stuart every morning at 6 15 eastern our production team, every day for the last year we looked at Media Coverage of the election, often surprised at the intense opposition to donald trump. Today we were shocked. Listen to roger cohen in the New York Times, donald trump is a thug who talks gibberish and lies and cheats and has issues with women, lazy and limited and has the Attention Span of a nanosecond. The times is leading and directing the clinton attack machine, broadcast media down to the tune the times laid down. The antitrump charges would be laughable if not so inaccurate. Check the news shows on tv and you see accurate suggestions that veterans are weak. What nonsense. Where is the reporting on bill clinton demanding illegals be deported . He said it before the hispanic vote became key to swing states. Where the reporting of hillary calling for a physical structure on the border to keep hispanics out . Where is president obama promising you can keep your doctor or your health plan . Where are the stories about a secretary of state using and easily hackable server not to mention images of evidence being destroyed by hammers. The elites in the media and throughout our society just plain hate donald trump. It really does remind me of the british vote to leave europe, elites universally campaigned against it. It will be a catastrophe they said. The brits ignored it and voted to leave. Nothing so terrified americas elites then a vote for trump in november. More about this as the third hour of varney and Company Roles on. We have a lot more on the media bias coming up, a lot else in this hour as well. Hurricane matthew hits land in western haiti, category 4 storm, next stop cuba and the bahamas. Later the model so heading towards florida, up the Atlantic Coast of the carolinas and the new York New Jersey area, maybe by this weekend. Janice dean will join us shortly. Former president bill clinton trashing obamacare at a Campaign Event calling it a crazy system that doesnt make any sense. That is what he says. Steve forbes will reveal the 35th annual forbes 400 ranking of the richest americans with a recordbreaking total of 2. 4 trillion. Tonight in virginia the first and only Vice President ial debate between senator tim kane and governor mike pence. A trump senior economic advisor, can you get inside governor pences campaign and say lets accentuate a growth plan, talk growth and prosperity, can you do that . Certainly makes sense. Governor pence is focused on tax trade, deregulation and energy will be a focus tonight, we talk about namecalling, when you cant talk about issues, governor pence is a man of substance who understands the clear eyed vision of mister trump and his goal is to make sure the American People understand. Stuart the main thing, is that the main thing the Vice President ial candidate governor pence will go for, i have a bee in my bonnet, and what america faces, i want to see it out there, Vice President ial debate, want to see it discussed. That is the guidance that will be followed. They will do everything to distract from growth, trade, deregulation and unleashing americas energy. The next 10 years outlined by mister trump and governor pences job, his leadership to stay focused to communicate that which matters to the American People. Stuart do you think he is going to win . A lot of people say he is going to win. I know you will say he is going to win but give me an honest answer. I always give you an honest answer. I am americas mainstreet guy, not the wall street guy but at the end of the day i believe he will draw experience, leadership and is a giant among men when it comes to focused on what matters to the American People. He is acutely allied with challenges that are coming and talking about that storm that will possibly hit the coast of florida and draw up the east coast who are they going to draw on . What leadership will they have . They will lean on our military forces and the idea of accountability not only with the military but also in our Business Community is what mister trump thinks is important, to unleash the power and grow the american economy. Stuart there is an honest statement and sorry i phrase the previous question so badly. The superwealthy playing by a different set of rules. We are not going to let corporations like wells fargo use fineprint gotchas to escape accountability. They are amassing so much power in our economy. Stuart Hillary Clinton is the wall street candidate. And why is she considered the wall street candidate . Back to last may she has been the clear leader in fundraising beyond trump. Donald trump has never been close or effective at communicating with wall street. They had antagonism for decades. She is seizing a whitecollar law and order, that is her greatest cudgel against everybody but no 1 on wall street takes it seriously. They know Hillary Clinton after all those years as senator from new york, they were most accommodating to wall street, worried but not terribly worried, donald trump has not been specific about what he plans to do with wall street and how to work with them. Stuart dont know why he has to work with wall stree if he gets the economy growing at a 4 rate wall street can take care of itself. That is a fair point. No one really knows where he is going with the economy. He talks a good game, three points i am sorry. Stuart business tax rate, end regulation. I love the notion he is the one person focusing on cutting taxes to Small Business, that is how you grow the economy and do it faster. Get rid of all the regulations in the world but how is he going to do it . Work through congress. A little more specificity would help. Stuart we used to like you. I think it is all right there. I used to like you too. Stuart another 22 minutes on the show. Look at the big board. The dow industrials are down 26 points which i will call it fairly flat tuesday, the price of oil fairly flat Tuesday Morning around 148 a barrel, 48 and 85 since, not Much Movement in oil or stocks. Look at amazon. It may be down now but earlier today it reached 842 a share so there is a selloff right there. Liz 72 billion, wealthier stuart how about netflix rallying on reports disney might be interested in buying. It rally yesterday, a bit more today. Google unveiling new stuff including a new phone call pixel and a new Virtual Reality head set. Peter is still with us, another subject for you. Got rid of this stock. Another subject, Larry Summers, treasury secretary, has an article saying why dont Central Banks by corporate stocks and bonds including the Federal Reserve of america. Janet yellen brought this up 5 days ago in france and i must tell you she has one little hurdle to get over, presuming to be dispatched with it is more Monetary Policy gone amok. I dont think that is a solution. If there is no other option maybe. I think there is a change coming. And fiscal policy is the new black. And on infrastructure, tax cuts, the get the economy going, and stuart right at the top of the show. Journalistic nono but stay there, another 20 minutes, state sites. Look at this video from jamaica, that is the water spout, couldnt get it right. People were evacuated from popular beach after they saw that touchdown. The hurricane has made landfall in haiti, slammed the island, lifethreatening winds and rain. That hurricane is making its way toward the United States, the florida coast to be precise, moving toward North Carolina. That state, North Carolina declaring a state of emergency. More details on that coming up. Hillary and bill clinton have spoken about mexican immigration in the past, they sounded like donald trump, they were not called racist when they said it. Larry elder next on this. We are a nation of laws. It is wrong and ultimately selfdefeating for a nation of immigrants to permit the kind of abuse of our immigration laws we have seen in recent years. If they committed transgressions of whatever kind they should be deported. We will try to do more to speed the deportation of illegal aliens who are arrested for crimes. You can run an errand. music playing push it real good. announcer vo or you can take a joyride. Bye bye, errands, we sing out loud here. Siriusxm. Road happy. Im going to the bank, to discuss a mortgage. Ugh, see, you need a loan, you put on a suit, you go crawling to the bank. This is how i dress to get a mortgage. I just go to lendingtree. I calculate how much home i can afford. I get multiple offers to compare side by side. And the best part is. The banks come crawling to me. Everything you need to get a better mortgage. Clothing optional. Lendingtree. When banks compete, you win. Okay . Awkward. announcer vo you can sit in traffic. Or you can crack up. man on radio but if it isnt refreshing. announcer vo sorry traffic, we laugh til it hurts. Siriusxm. Road happy. When you talk about the Mental Health problems when people come back from war they see things that maybe a lot of folks are seeing many times over and you can handle it but a lot of people cant handle it but they see Horror Stories, they see events you couldnt see in a movie, nobody would believe it. Stuart that was donald trump in a speech to veterans yesterday. The Mainstream Media went on the attack, twisting his words, saying he had been disrespectful to our soldiers specifically as if he said veterans were week. Larry elder, National Syndicated talkshow host, you are shaking your head, i was surprised they would go that far to distort what donald trump said. How about you . The media cannot stand donald trump. I was surprised when he referred to a black guy as my africanamerican and that was deemed to be racist. That is how they roll. Stuart that is my africanamerican, you are a racist, really . That is how that was interpreted. What donald trump said about mexico not saying xena phobia, hates mexicans, that is what these guys do, filtered into what donald trump said, they turn around and blast him for that. You were saying a moment ago all the things bill clinton said in 1995 at the state of the union speech, and use the term illegal alien, now that is. Stuart i will roll that tape. Hillary clinton and bill clinton talked about immigration in the past. Technology, personnel, physical barriers. Administration moved to a secure borders more, Record Number of new Border Guards and criminal aliens than ever before. Incentivize mexico, create the environment to get people out of the shadows, and earns right to legalization. We are a nation of laws, for a nation of immigrants to prevent the kind of abuse of immigration laws we have seen in recent years. Committed transgressions, they should be deported. We will try to do more, arrested for crimes. Stuart almost laughable. Why have they done such a total 180 from then to now . Why give them a passport . You didnt play harry reid on the floor of the senate after the first bombing of the World Trade Center talking about visa overstays, people coming into the country illegally and have children and benefits we give them in the burden on taxpayers, they were trump befo and getting a total passport. I put a montage of harry reid and bill clinton and donald trump on facebook and twitter and got quite a reaction, they had never seen this before. Stuart no idea. If i were to say today what bill clinton said that i would be considered a bigot and run out of town. Absolutely. This business about donald trump having lost 1 billion, news bulletin, he wrote a book called the art of the come back in 1997 and set i lost 1 billion. How that is big news is beyond me. Stuart the New York Times wants to make it big news. You are a popular guy on this program, come back soon. Any time. Stuart will report on matthew, it is slamming the caribbean making its way to the eastern seaboard was a full report on that one. Lets get to obamacare, bill clinton calling obamacare a crazy system, he said those words even though hillary is running on the president s record, listen to how Clintons Campaign manager responded when asked about bills comments. Secretary clinton agrees with her husband, former president bill clinton that obamacare is a, quote, crazy system that hurt Small Business . What he was referring to was the Health Care System both as it used to be and what happens in these markets where basically the marketplace excuses costs. 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Hurricane warnings in effect for haiti as well as cuba, the bahamas and now a hurricane watch for in miami, north of miami to melbourne, florida meaning hurricane conditions could be happening within the next 48 hours good renault trucks, fresh off the presses as they say. You can see coming very close to florida thursday, friday, category three, major hurricanes up toward the carolinas, georgia as well. Will it make landfall . Too soon to tell. Look at this, still in the column up towards boston. This is a major event heading into the weekend, even in to monday all about eve goes. You need to be knowing what you are going to do if and when theres perhaps a hurricane very close to your shoreline. The tropical model and again, stuart, with every forecast that comes out, forecast models seem to be moving more westward. Cannot urge enough from florida to maine you need to be paying close attention to Hurricane Matthew in the days to come here to train to thank you, janice. Im going to cancel my camping trip for the weekend. I spent a large part of my life in a camper. Look who is he. Steve forbes. Hes going to rebuild the top 400. Hes walking on the set. My question is how much is donald trump actually worth . He is going to tell us. The mac for the south at the annual list of 400 richest americans. Who tops the list you may ask . No guessing there it is bill gates, microsoft guy. 81 billion in order followed by jeffa sosa, amazon. Warren buffett, berkshire hathaway. Larry ellis, the top five. Lets move on to the other top five. Former mayor of new york, mayor bloomberg. Charles and david coke. Kerry page, sergey brin. Any surprises in the top 10 list . The big surprise is how Much Technology has come out. Just a soso 20 billion. Brin and page founders of alphabet. Hightech is surging. Stuart im trying to look back over the top 10. Whose firm industrial america. The Koch Brothers and warren buffet to some degree. That is three out of 10. The rest are all tech guys. Yes. It shows we still have the cuttingedge. One of the themes of the 400 list this year is our focus on immigrants. The number of naturalized citizens has doubled doubled in the last 30 years on the top 400. 42 nokia 57 more are children of immigrants. Fantastic story. These people provide a lot of energy, job creation in america appeared trim to see what we do for america appeared where missionaries. We do a great job for this fine country. You know, one thing that strikes me whenever we reach the 400 list, so many in america, the richest people in america are self made. If you dedicate harrison with europe, half of them have inherited the money. Are listed over two thirds. The one third that have inherited have essentially increased but they inherited. By the way, another one of those immigrants. Rupert murdoch. You can come back on this program. More from you on the 400 list shortly. In the meantime, breakaway for this. New numbersign Syrian Refugees coming to america this year 2016. Look at that. 12,486 muslims. 68 christians, 24 and cds. Following from that story, there is this. The governor of indiana, Vice President ial candidate mike pence is one of the state governors who said i dont want these refugees coming into my stay. The Appeals Court has just overruled it. Judge Andrew Napolitano is here on that subject. How does that stack up . It stacks up with perfect consistency to the federal judiciarys reliance on the constitution, which is the area of immigration and naturalization is a federal one subject to congressional regulation. The last Time Congress wrote a regulation, we did not have the problems the syrians coming in we do today. The regulations that stand us at this moment keep the states entirely out of the picture. The same race in the arizona immigration statute which attempted to tighten up immigration for the state of arizona was indicted by the federal courts. Same as the governor christie couldnt stop syrians coming in new jersey. Same reason the federal court did the same thing in indiana. Stuart can we do something about the religious mix . 12,000 muslims, 68 christians. It is the creations who are being slaughtered. They are the genuine refugees coming genuinely being persecuted. I agree with you. I dont know the answer to that. Its interesting you mention not because this is part of the opinion against governor pence removing from the government the ability to make decisions based on religion. Could the federal government allowed him look for Christian Refugees to bring here . No. May the federal government include or exclude people on the basis of their religion . No. Stuart when we define him as a refugee, was persecuted, why is it that we leave out the christians . I understand your frustration with it at the statues were written based upon a believe the First Amendment requires neutrality with respect to religion. Not only here in United States that people coming in as well. Stuart you read it wrong. I havent read it wrong. I read it as congress wrote it. Perhaps the birds would read it differently. Stuart here is how i read it. Animals forgot the most prominent against us. Im not a billionaire yet. We respect your privacy. Stuart why cant the federal government define who is persecuted . You can define it by saying christians are being crucified, burned alive in mass. Stuart the federal government has given authority. The congress has given authority to the president of the United States to bring people and that he feels are persecuted. That is fast, broad and uncheckable. I suggest that donald trump or Hillary Clinton might exercise authority differently than barack obama. Stuart do you bury the lead. That is the lead. President obama has tilted towards muslims. The stories about the federal court and joining governor pence and that has to do with the primacy of the feds over the states. It is the president to superior anybody watching the series contemplating a camping trip this weekend. I can picture you with dirty fingernails and sleeping in a tent. [laughter] ive got to move to a serious story. A very difficult thing to do but i am going to do it. Russia and e suspended their peace talks. This comes as russia deploys an antimissile system, which by the way is being compared to israel iron dome. They are moving antimissile system into syria. General jack keane is with us. Fox news military analyst. I dont want to be sarcastic, but if i want to Missile Defense system, although with israels iron dome. Im not so sure i trust my life to the russian system. How about you . The iron dome system is excellent as are u. S. Systems. But also in fairness, russians have absolutely firstclass Missile Defense systems. Stuart what does that mean for the middle east if they bring in this kind of system in that situation . Well, i think it is largely a gesture, somewhat real and military capabilities but also symbolic. The talks have broken down between the United States and russia over the ceasefire being violated by russia and others. By the way, the russians have violated every ceasefire with syria and also every ceasefire in the ukraine. We predicted that this would happen as well. And now the russians know very well the United States is contemplating some kind of option that may involve an increase in military support for this theory and moderate or actually some kind of direct military action. All things back on the table again. I think the russians are telling us in words and rhetoric if you do anything there will be tectonic consequences. Their words, not mine. This is another effort to demonstrate that they are serious about defending their interests that they have now established in syria. Stuart are we a little closer to the possibility of American Military going up against and firing shots that are taking shots from the russian military. Almost there . Well, i think there are number of things that we could reasonably do. One is robustly increase support to this year in moderate with many in this administration that theyve advised the president to do in the past and they rejected it. Put in place a in place based on snacks to turkey and jordan where many of the civilians being bombed every single day and watching horrific scenes on television could go to and be protected on the ground via an International Coalition and in the air by patriotic air Missile Defense systems. That could possibly lead to some kind of confrontation even though the intent of those safe zones is to protect civilians. That assert that possible. Stuart that would be a very Big Development if we did ha safe zones to storage migrants out of that area. That would be a big deal if we did that. Something in our Coalition Partners in the region want us to do and turkey wants us to do. It is the administration that is held back from doing that. The russians threatening the United States with any kind of Movement Like that will escalate the war to our disfavor. Our president seems to just get paralyzed by the risk of adverse consequences and also in fairness, the other thing that paralyzed and was the nuclear deal. He would never do anything as serious until the deal had been completed. Is terrific as we know. There is huge pressure in the administration because the humanitarian crisis, stuart in syria is really growing. Stuart the word safe zones is something to look out for because if we go there that is a big deal indeed. General, thanks as always for joining us. Good talking to you, stuart. Stuart series is up 18 . It had been halted earlier. There was a report the craftsman unit, the power tools is up for sale. Ceo said in a blog post that he is not selling but the stock is still up 18 , 13 bucks per share. Health insurance, bill clinton calling obama carry crazy system. He actually said that. We will deal with obamacare in a moment. So youve got this crazy system or a all of a sudden 25 Million People of health care and the people with 60 hours a week wind up with their premiums doubled in their coverage cut in half. Its the craziest thing in the a world. Happen all by itself. It needs to be earned every day. Using wellness to keep away illness. And believing a single life can be made better by millions of others. As a Health Services and Innovation Company optum powers modern healthcare by connecting every part of it. So while the world keeps searching for healthier were here to make healthier happen. And Nicole Petallides with your fox business brief. Backandforth action today. At this moment we are up one point. Before the weekend is the weekend this new quarter receive stocks lower the dow, nasdaq and s p for the week. Right now the s p down to. The nasdaq gained five. We are watching seers very closely. The stock was halted in volatility, heavy volume. Reports saying that the craftsman tool business has attracted readers and looting black decker. Oil which has fluctuated about whether or not opec will cut production at the oil right now, the commodity at 4885. Some of e Stage Companies concerned because of Hurricane Matthew and keep an eye on the airlines which are to the upside today after it be taller thanwee the loss ecommerce so easy, and now were getting all kinds of new customers. I know. Can you believe were getting orders from canada, ireland. This ones going to new zealand. New zealand . Psst. Ah, false alarm. Hey you guys are gonna scare away the deer idiots. Providing Global Access for Small Business. Fedex. So youve got this crazy system all of a sudden 25 million more people has held dear and the people sometimes 60 hours a week wind up with your premiums doubled in their coverage cut in half. Its the craziest thing in the world. The insurance model doesnt work. Its not like flood. It doesnt work. Stuart am i seeing things and hearing things . This is bill clinton yesterday. He finds bigtime hot with obamacare. The president signing a president signing it all those years ago. The author does beating obamacare. Listen, why would former president clinton Say Something like that about obamacare when his wife is running to be a third obama term. Trent islands shes avoiding obamacare. She may be identified herself with the Obama Administration on many other issues. Obamacare she knows is the kiss of death. Mark popular now than other end of the new enrollment. Mirrors, people are seeing doubledigit premium increases and she doesnt want to take the blame for them. Stuart we had officials in minnesota actually use the word collapsing to describe obamacare in that state. They use that wd. Thats right. 2 of the people eligible for obamacare and would have to pay full price because they earn a couple thousand dollars a year. Only 2 of people who are eligible are signing up. 2 , 98 . Stuart ive got the numbers for everyone. The irs is 8 million tax payers paid 1. 7 billion in penalties because they didnt have Health Insurance under obamacare. I was 2014. 7. 5 million paid 1. 5 billion for the penalties. Three top gop representatives of the house are sending a letter to john ooscar man who runs the irs saying you cannot at the white house request use private taxpayer information to send letters to those individuals to get them to enroll in obamacare. They are saying it is illegal, against confidentiality. There is a move the white house may be targeting those people who paid the mandate tax to get them enrolled into obamacare. It said dirty trick. Let me point out when you say seven or 8 million taxpayers pay the penalty that really amounts to 11 or 12 Million People including spouses and children subject to the penalty. That means more people chose to pay the penalty then sign up for obamacare. Stuart thats extraordinary. You are a free market kind of guy. Would he think about all of this . This is soviet style medicine and its getting worse or the amazing thing is why havent republicans made health care initiative. We will get rid of obamacare and they drop it. Why didnt donald trump in the first debate and second and third hammer it. Not so obamacare is bad that hit home on what it means to families. But the point of insurance at the other 15,000 adoptable appears in real examples that his fingertips. And he should pay on day one i will suspend the penalty on people who dont have insurance. The law said it would be affordable and it would be a good insurance against either so you shouldnt have to be penalized for deciding not to buy it. Stuart i want to talk about the collapse of obamacare. It seems to me premiums are going through the roof. Deductibles are already through the roof. People cannot pay in five states only one insurer. In some areas no insurers. I want to hear what does collapse mean . Lets put it in. This is a system currently enrolls about 11 Million People. 165 Million People get their insurance through their employer. This is a very small segment of the Insurance Market and when it collapses in those days people will have the option of simply buy of simply buying out an individual plan outside of these obamacare exchanges. Most states offer them an area much better deal. Stuart theyve got two in the mandate. Of course. The next president should suspend it and congress should move in and repeal it. The challenges Hillary Clinton is going to use the collapse as an excuse to go to a singlepayer adoption system. Singlepayer means long waits for treatment. Shes talking about a public auction. Trump should be ready. We want to do to health care what youve done to the va. Stuart dallas good. I think weve agreed. Now this. We are watching Hurricane Matthew. In the caribbean right now it is expected to hit florida, coastal and florida thursday. The carolinas and up the coast later in the week. That is the progress is expected to make as it is Tuesday Morning. I want to show you seers again. Right now that stock is up 14 . Halted earlier. There was a report that the craftsman unit, the power tools people up for sale. No its not selling. Stay right there. More varney in a moment. Sears is up 14 . 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We are not going to let corporations like wells fargo used the fine print. Yes to escape accountability. Part of the problem is large corporations are amassing so much power in our economy. Stuart okay, you heard it. We are not going to let this wall street corporations do this. I really want to know, why is Hillary Clinton the chosen candidate for wall street . Two reasons. One is they feel trump is right. Shes a liar. She will be like bill, very practical. She will be a crony capitalist. She wants more money, theyll provide it. They dont realize she does not have been not have an inner bill waiting to be released. She is far left. She tried to give us hillary care. Bill was more of a centrist good she is truly left and they dont get it. Stuart i honestly dont get it. I wouldve thought wall street would like to see economic growth. Growth in the economy. All those including wall street. I dont get that. I really dont. Part of it is they are worried about trade. 45 sales taxes in things like that. Theyve dealt with them over the years and sometimes things have worked and sometimes they havent. Though with her theyd figure she will play the old game. She is in. Stuart used a very pleased because after this coming breakup of asked breakup of asked you how much is donald trump really worth . We will be back. Stuart steve forbes looking at the 400 richest americans, how much of donald trump worth . 3. 7 billion. The story that his tax returns show he is not a billionaire false, 3. 7 billion down from last year because of weakness in the Real Estate Market and palm beach. Stuart the feds worth 10 billion or 11 billion, will he sue you for underestimating his money . He should be happy, we put him higher than anyone else and he gives several billion dollars, we take the position unless you monetize it we dont count it, we held that for everybody. Stuart where is he on the 400 list . About 150. Not bad, thank you. It is yours. Neil thank you, the number two chance to shine on the number one and help out in the process. All this at a time some polls indicate this could be sliding away from donald trump, if his running mate and for the most part