Transcripts For FBC Varney Company 20170615

Congressman scalise, the left is not accepting responsibility. Within hours of the shooting. 196 democrats filed a lawsuit against the president and no holding back, theyre talking impeachment. Now, the media almost gleefully reports the president is being investigated for possible obstruction of instruction, officials say. Thats Washington Post, the leading trump hating newspaper. Democrats and republicans pledged unity in the hours after the shooting, but now the trump haters being back. The fallout from the toxic politics of the left. Varney company is about to begin. President trump made a visit to the hospital where Steve Scalise is being treated. Ashley downgraded. In Critical Condition. We told he was going to survive. The bullet hit the hip and went through and hitting organs. Its very serious. Hes going to require more surgery to repair the damage. Stuart this time why he had we were reporting he was in stable condition. That changed. Ashley hes definitely in Critical Condition. Stuart Critical Condition, ashley, thank you very much. 196 democrats sued President Trump yesterday alleging hes violating the constitution by helping foreign money. Look at the headline from the Washington Post, special Council Starts investigating trump. President trump firing back. On twitter, you are witnessing the greatest witch hunt in political history. Foxs Gregg Jarrett is looking into this. Youre saying that Robert Mueller in charge of this investigation is going to resign . If this is true, he must resign, you may not serve if you have a personal relationship with any person substantially involved in the investigation or prosecution. Comey is that person substantially involved. Theyre long time, close, personal friends, allies, colleagues, partners, in a variety of cases. Theyre mentorprotege. Under the professional code of responsibility, mueller must resign, the not optional. Stuart and what the immonument clause. I read the law, thats legally stupid, which is a term of art among us lawyers. Its to conifer of benefit accepting money from a foreign state. The president s businesses pre exist his presidency, so it doesnt apply. Stuart in your opinion, is this legalized political harassment . Absolutely. Stuart of our president by the left . Absolutely. And this is the third lawsuit against the president and theyre all specious. Stuart this muellers moves aimed at inquirey. That would come from a leak . Sure, thats a crime. Every leak is a crime of a different magnitude. If its classified, then its a serious punishable league and even nonclassified information, especially related to an ongoing criminal probe. Thats a crime. No stepping back. Nobody is investigating these leaks. I wouldnt be surprised if comey is the leak on this. Stuart so weve still got a political mess on our hands, despite 24 hours ago, we had a violent attack on the republican politicians. I find this extraordinary, i really do. Jarrett, gregg, thanks for joining us. Thank you very much indeed. Sharply lower, thats how well open up this morning. Open down 80odd points. The newest obstruction of justice headline do not help the market and the fed raising Interest Rates, probably doesnt help. Aisle, its sliding. Look at this, oil is now below 45 a barrel, well below it, actually. Theres an oil supply glut. Were swimming in the stuff. The selloff is hurting stocks, but it may have the Silver Lining of lower gas prices, we can, but hope. The regular now nationwide, 2 honey 31, down four cents in a week. Could this be a sign of things to come. Gas in South Carolina now averages, look at it closely, 1. 99. A fraction, up to 2 in oklahoma and alabama. Where is the cheapest gas in the land. We used this to do this all the time. Oklahoma, 1. 71 at an express in oklahoma. Thats the good news. Liz are you going to drive there to get to gasoline . I know you do that. Stuart i predict that a half dozen states will be below 2 a gallon by the end of this month. Ashley very bold. Liz and youll be driving to all of them. Stuart june 15th. Very funny. There are more important things on americas plate than the price of gas. Lest we forget, a trumphating leftist attacked and wounded Steve Scalise. Marsha blackburn, republican, tennessee with us now. The left is not taking any responsibility for the climate of violence which i think its done a lot to create. Thats my position. Whats yours . I think that we are all appalled by this. Yesterday was tragic and when you look at the rhetoric, you look at the amount of threats that different members of congress get, that were all getting for us, our families, our staff, and it is something that is of tremendous concern. Stuart i want to show you a sound bite to let our viewers see this. This is democrat senator Sherrod Brown. He says blaming the shooting on the violent rhetoric from the left is, quote, fake news. Watch this. The president should also be a healer in chief, instead, instead this president has chosen to divide and name call and that doesnt serve this country. Probably doesnt even serve his interests, certainly doesnt serve his partys interest and it certainly undermines the values ments dont the democrats play a role, too . This is the story like wall street journal for 20 years, that would be called in another era, fake journalism. Stuart would you like to respond to that . I think it is very unfortunate for senator brown, that those were comments that were made or that that is the position that he holds. Yesterday and now is not a time for placing blame. This is the time to say, we have to find a way forward. We have to be able to find concensus, have discussion on issues. Do we think its wellserved. Stuart i think its time for left to retract what its doing. I agree, weve been served by robust political debate,. Thats how you arrive at bipartisan concensus. To go out and personalize every single attack, to having a new president , to constantly attack him. For those from the left to attack the right. Some from the right to attack the left. It is j just inappropriate. It does not serve our country well, does not serve our democracy well. Stuart is there a chance that what happened yesterday will pull the Republican Party together and speed up the process of Getting Health Care and tax reform done because of the shooting . My hope is that yesterdays events will cause everyone to come to the table and say we have to find a way to return to a bipartisan manner and address the issues. We do have health care. The obamacare programs are imploding. We have do have tax reform. People want to see their tax rates lowered. We do need to get infrastructure going and jobs going. These are things that are good for america. Stuart yes, but pull the Republican Party together. And i hope that we do. Stuart last one, 20 seconds. Do you get threats . Of course i get threats. My staff gets threats. My family gets threats. Most people, until today, have not realized members of congress dont have a security detail. Stuart have the number of threats gone up since the election . Absolutely. Stuart it has . Absolutely. Stuart extraordinary. Thank you very much for joining us, its always appreciated. Thank youment huge fire at a london high rise apartment building, this was yesterday, got aced out of the news. More than a dozen dead. The number expected to grow. We have the latest number on that. The dramatic video indeed. President trump making a push for Vocational Training. 90 million in grants for Apprenticeship Programs. Mr. Trump says that college may not be for everyone. America needs people who can make things. Were on itment more trouble for the airlines. The Transportation Department reports a 70 jump in customer complaints in april. That was the month of the dragging incident, by the way. Congressman Chris Collins reacting to the shooting of his colleague Steve Scalise says hes going to start carrying a gun with him wherever he goes. Well hear from that congressman in our 11 00 hour. More varney after this. But when family members forget, trust angies list to help. [ barks ] visit angieslist. Com today. Thithis is the new new york. E . Think again. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov 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 adempas® for pulmonary hypertension, as this may cause an unsafe drop in Blood Pressure. Do not drink alcohol in excess. 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There were vicious attacks from the left, not only in the press which was really horrible, the way they dealt with the stories and dealt with the truth, but we also had that there with as an envelope left at my house addressed to my wife that had white powder, a paper doll with a noose around its neck and a sheet of construction paper that said trump on it. And we ended up with guys in hazmat suits at our house that night and a fbi terrorist task force. None of that got covered in the press at the time, but it was quite a big deal in our neighborhood. So, yeah, there were a lot of those kinds of things. Thats just outrageous, but, look, thank you very much for sharing that with us, andy, i was not aware of that in the background. I want to move to President Trump Budget Proposal which allocates 90 million in grants for apprenticeships. Now, that doesnt seem to me like a whole lot of money. What do you say . Its about what obama was going to spend, president obamas administration, secretary perez were going to spend on apprenticeship. The important thing is isnt how much the government spends, its how effectively the government spends it. What we need to do and i think that alex acosta will do and President Trump and ivanka trump, coordinating with the private sector. The private sector needs to have internships and apprenticeshi apprenticeships, and finding the money. Its how they spend in coordination with the private sector. I think it it will work and be very effective. Stuart i think thats the perspective, that the companies will ultimately hire the youngsters with the skills. Thats a very, very Different Things than pumping government money into Government Training schemes, which have a low achievement record if im not mistaken. The achievement record of some of the programs are low. The private sector knows where the jobs are, why not spend the federal dollars to make them worth a lot more. This isnt about empowering government. Its about creating jobs out there and we need the people who need the jobs to get the skills the jobs require and we can see Labor Participation rates go down about the om Economic Indicator that hasnt significantly improved so far. Stuart its a way of plugging the skills gap without leaving youngsters saddled with, 30, 40, 50,000 worth of debt. Very good point. You dont have the expense. Not only do you not have the expense of the College Education and incredible money you have to borrow, particularly at the better schools, but you actually get paid while youre going through an apprenticeship. You will have some income. Its not the income youll have once youre through the program, you get paid and you dont incur debt. Its a positive in all respects. We need to change the president getting behind this and his daughter getting behind this should change the attitude in america about the jobs. Jobs in welding, construction jobs, jobs in manufacturing, even though the number of manufacturing jobs has come down in the United States, the number of openings in manufacturing positions has actually increased. We need the people to know theyre out there and good paying and theres honor in every job and dignity in every job. Stuart precisely, quit looking down on people who work with their hands. Thank you very much. Andy puzder, thank you for being here. Thank you. Stuart the man who shot congressman Steve Scalise left a string of antirepublican messages on his facebook page. Time to destroy President Trump. Could facebook have caught these and prevented the tragedy . More varney after this. Deartheres no other way to say this. Its over. Ive found a permanent escape from monotony. Together, we are perfectly balanced. Our senses awake. 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Liz in march he made the post in march, he traveled from illinois to alexandria to that suburb. He was living out of a white cargo van and posting, trying to destroy trump and co out of that white cargo van in which he was living. Stuart Gregg Jarrett, a lot of people were saying that post should have been intercepted. A flag that the man was violent. I dont agree with that, what say you . Unfortunately the term destroy doesnt mean kill. Its an ambiguous term. I would say that facebook is at the forefront of developing technology to monitor and sens sens sens sensor censor. Stuart its a difficult thing to sort out language, time to destroy trump and company, or i am agoing to get him. Ashley i think theres a bunch of pages out that say, time to get rid of President Trump. Which are legitimately corporation. Every time i write a column and the comments below are just as bad as that if not worse. Theres so much of it out there its hard to keep track. Liz the social media has certainly unleashed the deviant and thats where conversation needs to go. We have to stop it now. Ashley i dont know how. Stuart free speech, youve got to preserve it. Liz but fight it. Stuart the market will open sharply lower, were looking at an 80 point loss. Maybe the new talk of obstruction of justice has an impact. The slide of the price of oil, feds raising Interest Rates, add it together youve got 0 downside market, the opening bell which we will cover moments from now. 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. 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Back drop to todays opening of the market, the fed has raised Interest Rates, okay, just a quarter point, but now for the first time in eight years, the federal funds rate is one point something. We havent seen that in eight yooe erer er yooers years and we have a huge shied in the price of oil. That hurts stocks. Thats off and running and i see a lot of red on the lefthand side and an immediate drop of almost 100 on the dow industrials. Look at that, its. 4 as a decline, 21,279 is where were at. Be very careful when youre talking about a Big Stock Market selloff. 4 is not a Big Stock Market selloff. Thats whats called perspective, is that right . Clarity. Stuart and this is an interesting story. Look at oil. Now were at 44 a barrel. Why . Were swimming in the stuff. Weve got an oil supply glut. Here is a price of gasoline now, National Average 2. 31, down 4 cents in a week. Im going to repeat my forecast that we get down in several states, maybe a half dozen states will average below 2 a gallon by the end of this month. Liz wow. Stuart South Carolina is there, buck 99. Liz and 27 states year over year price drops. Thank you for that. That used to be considered good news, right . Good news for the consumer and money to spend. Stuart more money in the pocket. Its bad news for some stock markets in the overall market. Its harder to assess. Stuart nobody wants to see a bust in the price. Some of us do, most people dont want to see a bust in the price of oil. Look at the nasdaq, some of the technology companies, thats down nearly 1 , now, thats a big drop. Tech names, check them every day, why not now . Were off on apple, amazon, facebook, all of them down 1 roughly there. Alphabet, netflix, microsoft, theyre down 1 and a third, 1 1 2 . The decline and selloff in big name techs continues. Joining us this morning, we are going to fill the screen, ashley webster, elizabeth mcdonald, elizabeth peek, scott martin, andy puzder. Ap scott, is this a new drop for the overall stock market . I dont think a new drop, stuart. I think this is a continuation of some of the selling pressure we saw last friday, an amazing day when you look at the volume and fervor going into some of the selling orders on friday afternoon. To me its a repricing, a general pullback, i dont think its the big contraction that everybody is looking for. You listed to scott shellady, i watch even when i am a im on. He walks about the weak hands, had the weak hands if you are, stay in the names. Stuart what say you, liz peek . I dont think so, basically investors still have no place else to go are the rates are moving up slightly, but the yields are incredibly low. Survey, a lot of professionals think the market is overvalued. But the number two thing, that the European Market is overvalued which is a shock. Theres not a lot of opportunities for the growing market. Its all about the trump agenda. Investors are looking at washington and horrified by the assaults on donald trump. But if theres any indication were going to get stuff moving forward, the market will be just fine. Stuart quickly, andy puzder, do you see this as a start of a big drop . No, 46 records by nasdaq, three quarterpercent Interest Rate hikes. theyre not seeing that kind of drop. The economy is strong, and if we can get the trump agenda going, it will be great. Stuart lets look at the tech names, weve followed them for a long, long time, why not . Theyve gone straight up until now. All of them are down in the early going. Scott martin, you look at the price of the big tech names, are you interested in buying any of them on this dip . Yeah, i look at the price, stuart, and i get pretty excited. I mean, amazon below a thousand again, google below a thousand again, 950 by the end of the day here today. Its attractive. The reality when you look at the Tech Companies that we talk about every thursday and you talk about them on other days without me, thank you very much, these are stocks that are really not terribly expensive. If you look at the growth that youre seeing in these stocks today and the projected growth, the googles, the microsofts, the facebooks are going to have in the next couple of years, thats why youre buying the stocks, for the future growth and pricing potential. I still would own them and collecting them as far as shares here. Stuart ive owned microsoft for a couple of decades, ive not sold yet. Check the big board. This is not a huge decline at this point. 53 points down, thats exactly a quarter of 1 . How about the s p 500 . Whats the percentage drop there . Down. 55 . Its 13 actual points. Still not a huge decline. Look at xerox. Theyve just completed a reverse stock split. Thats where shareholders get one share, new share, are to every four old shares that they own, xerox now, down a fraction on that, its now at 27. Nike, cut in 2 of its work force announced an organizational restructuring, dont know what that means, but the stock is down a buck 50. Morgan stanley says tesla should brace for serious competition for apple in Driverless Cars. Okay, let me back away from this story for a second. Liz peek, liz, i cant believe the amount of interest and attention Driverless Cars are getting. The amazing thing to me is how fast its moving, and what we see is both traditional automakers and every tech company in the world, looking at this as a huge new opportunity. So, is tesla going to face competition in Driverless Cars . Without a doubt. There are 30 different organizations that filed permits in april. Theyre not all names that weve heard it, but thats an amazing sort of surge in interest here and why . Because this is a huge industry. And to the extent that you can jump ahead of traditional auto makers with new technology, wow, what an opportunity for google, for apple and everybody. Stuart hold on a second, were miles away from the regulatory legal frame work which will allow the mass production of autonomous cars. Liz they would have to have zoning for driveless cars. The driverless truck and captain robot ships, that is where the corporate world could make a lot of money from that. Ashley and airplanes, too. And airplanes, too. They talked about airplanes, too. They talked about the pilotless airplane as well being the wave of the future because she is are the automation technology. Emack made a good point. Theres a lot of changes regul regularry. Do you remember the computer driven planes, and the loudspeaker says, nothing can go wrong, go wrong, go wrong i digress. And speaking of airlines, listen to this, here is a statistic for you, Airline Passengers complaints jumped 70 in april from the year before. April was the month when we had the dragging incident on united. Ive got to say, the stock prices despite the passenger complaint level went to record highs. Whats going on . Well, theres a lot of business out there. People are travelling. The economy is surging and people are going on. You know, just touch on your car thing for a moment. One thing that didnt get mentioned ford put its i. T. Guy and ceo with the company. A big search. Back to airlines. A lot of people are travelling and people feel empowered to complain after the incidents with so much attention. Liz and rewarded for it. And rewarded for it. And half the people are hoping for a gigantic settlement that will solve their life problems. Ask and complaint, you shall receive. Fly the under friendly skies. And the oil pricing are down. Liz and monopoly pricing. Stuart remember on the program earlier this week, we talked about lidl, the german Grocery Store, theyre here, plural. Theyre opening today. Should they be worried . Im thinking walmart, lidl is a pierce competitor on price a fierce competitor on price. Theyre going to open in the next year, year and a half. And theres probably decent competition to come. Its an interesting store. Its small, only have been six or seven aisles per store, specialty type items, a lot of specials with respect to pricing. To me, the Grocery Store business is tough because pricing is so competitive these days, whether its whole foods and krogers and those guys. The reality, its not a great space, but given the fact they have an edge with specialty pricing offers, its an interesting play. Liz it could be as disruptive as costco and walmarts sams clubs were the in 90s in the last decade, what lidl is. The cheaper quality goods. Good food youve got aldi. Stuart andy, say that again, i missed it. Youve got aldi which is is competitor of lidl. I tried to buy lidl stock, but its privately owned. But the belief it will help other brands like Dollar General because people may go millennials arent so tied into brands as older generations were, he so it may help other companies. Stuart see how on the ball we are. Talk about the retail ice age and we cover it. And were on top of amazon and were really great. Liz peek, andy puzder, scott martin, and all. The crowded screen. Were down. 2 . Okay. Coming up, an update on congressman Steve Scalise, hes now listed as critical. More surgery is coming for him. Dr. Marc siegel has been in contact with the hospital and hell bring us the latist on that. Well be back. 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. Were down about a quarter percent on the dow industrials. The decline is led by the Big Technology names and the financial stocks. Were off 59. Look at amazon, theyve released a new alexa device. Thats interesting, the stock is down 20 bucks, but that story is interesting. Give it to us, nicole, please this is just amazon not quitting. They have to come out with something new all the time. This is the amazon dash wand. You shall order your groceries, its 20, youre a prime member. Once you get it going, get the 20 back. See the video there, it attaches to your video and a scan your Parmesan Cheese or favorite drink and this is how amazon is cutting into overpaul spending and walmart, we discussed last week, theyve lowered the prime membership for those who are government assistance in order to get those walmart customers. Now, another step here in order to boost their way to get groceries out. This does not have music ability, but it does have the ability so you can order food, get recipes and attach some of your own home devices. Stuart fantastic. Im just shaking my head. That is remarkable. Nicole, thank you very much, indeed. I didnt know how that thing worked. Now i do, very simple. Congressman Steve Scalise is in Critical Condition now. Dr. Marc siegel is with us to explain exactly what that means and what hes found out about it. Hes in Critical Condition. Yesterday at this time we reported accurately that he was in stable condition and now critical. Whats happened . Well, you know, at the time yesterday we were reporting how there were great things done at the scene to put pressure on the wound to get intravenous fluids. That may have saved his life. It turns out when they got him to the hospital, and in surge, the high velocity bullet had gone into the pelvis and damaged major organs and caused bleeding and fractures as well. The reason they changed it to critical. When your vital signs become unstable, when you lose a lot of blood, when you become shocky and your Blood Pressure goes down and having major complications, thats by definition critical. So, they spent the day yesterday, stuart, trying to stop the bleeding. They tried to do that in surgery, tie off bleeders, repair major organs. They leave the fractures. I was told by the hospital theyve left the fractures for now and stopped the bleeding. Thats good. If they stabilize him and keep the bleeding under control and it doesnt start up again, then theyll go in again, probably, and repair the fractures. My prediction is positive. Stuart but the man will not be on the floor of the house, exercising his vote in the house of representatives anytime soon. I completely agree with that given the complications. Again the pelvis is loaded with major organs, like the bladder, the colon, the rectum, theyre viscus and have a lot of blood supply, he will not be being bah back soon. Stuart i have guilty divulging that detail. The hospital released that. Stuart thats with the permission of representative scalise or his wife. No question, the hospital released this. Its good that they released it. Words like critical are scary. That could mean unstable vital signs to something far worse. This information helps us to understand so its good releasing the information, thats the kind of person he is. Stuart thanks for that, doctor. Because when i went to bed last night, i thought the man was still in stable condition, and now, i wake up this morning and i see that word Critical Condition, and immediately, you start getting worried, what is the real whats going on here. Thats what you want to know. I believe they stopped the bleeding now, which is very good. Stuart and President Trump and the first lady melania, they visited last night to the hospital. And what youre looking at now is vicepresident pence who had just left the mstar hospital in washington d. C. He, too, visited with representative Steve Scalise. Thanks for your expertise, doctor. Thank you. Stuart back to the market, to see how your money is acting. Were returning from the attack on the republican politicians and the dow is down, plenty of red on the side. Well have more varney for you in a moment. Hey, im the internet i know a bunople who would love that. The internet loves what youre doing. So build a better website i under an hour with. Gocentral from godaddy. The internet is waiting. Start for free today at godaddy. You know, maybe this is helping to move the stock market. That is the very sharp decline in the price of oil. The important numbers there are 44, were down to 44 a barrel. Weve got an oversupply of this stuff. As i say, thats hurting the stock market which is now sharply lower. However, please consider the Silver Lining here. If youve got oil at 44 a barrel, pretty soon youre going to get much lower gas prices. The average price of regular is now nationwide, its at 2. 31, its down just 4 cents in a week, but, i suspect we are he going to go much lower. Look at this, as of now, the cheapest gas in america in South Carolina, where the average price of regular is below 2 a gallon. A buck 99 right there. Its only marginally, a few cents higher in oklahoma and alabama. Im predicting a half dozen states will be below 2 by the time we end this month. Look at that, 1. 71 per gallon at on cue express in oklahoma city. Rush there for the cheapest gasoline in america. I made a bold prediction. Liz i think you have. Stuart am i right or wrong. Liz youre going to be driving around checking if youre right. Get that cheap gas. Kidding. Ashley were swimming in oil. Gas prices have to be low and opec prices have done nothing because america keeps popping up shale oil. Stuart thank you, american frackers for giving me a bargain at the pump. Liz putting a smile on your face. Stuart not easy to do in this day and age, i might add. General motors extends its summer shutdown of two car plants. Okay. The important story here to me, liz, is lower demand for General Motors cars. Liz yeah, thats right, they do do summer slowdowns, but theyre extending the shutdowns in places like ohio and kansas. What this augers is possibly job layoffs, if the inventories continue to remain high, and the sedan sales and small car sales continue to trend low, so, thats a concern. Already, ohio has seen job layoffs at that plant and ford is also doing shutdowns as well. Stuart a nasty indicator, Economic Indicator. Look at this, back to the market. The Big Technology companies, theyre selling again today. Are they down . Below mondays selloff. Weve had this seesaw. They came back monday, selling off tuesday and coming back again now and there are questions whether the stocks are overvalued. As liz peek said, where else is your money going. Scott martin, maybe a buying opportunity. Liz to ashleys points, gains tripled what the s p 500 delivered so far this year. Could be profit taking. Used to be sell in may and go away, but weve had this through june. Stuart if youre panicked for the big name stocks and run up. If you sell now, youve got to pay a whooping big Capital Gains tax. Youve got to pay that april the 15th. Remember, that viewers. Hang on. I dont know about that, but, i wouldnt be panicking, theyre still way up there. How about this for a Business Model which has just gone out of town, avon, their chief sherry mccoy expected to step down according to people familiar with the matter and the stock is down at 3 1 2 a share. The business doesnt work. Ashley it doesnt. Dingdong, avon calling. Hello amazon. Theyve seen a huge drop in sales and sherry mccoy hasnt been able to turn it around. Last month it was decimated, fell 22 in a day. And a lot of people were calling for her to move on. Stuart its a 135yearold company. Liz thats right. Stuart can you believe that. Liz shoppers want instant gratification. That stock is down about 84 since she took over in 2012. Stuart but it was a tough job for anybody, thats a fact. Top of the hour coming up. My take on the link, as i see it, between the lefts violent rhetoric and the shooting of congressman Steve Scalise. Stuart hours after the attack, the left is back to object to and obstruct everything trump. Well be back, too. Stuart remember this . Violence at berkeley. The left shuts down free speech. Or this . Violent imagery, the president s severed head. And this, a trump lookalike, stabbed to death on stage in new yorks central park every night. Dont forget snoop dogg, showing a gunpointed at the president s head. And then there is obscenity from dnc chair tom per rest, from cnns race is a aslan and senator kirstin gillibrand. Foul language directed at our president. They hate him. Top republican Steve Scalise is in the hospital. His condition downgraded to critical. A trump hater, leftist, did this if not for the bravery of Police Officers it would have been a massacre of republicans there. Is a link between the climate of violence and violent attack on republicans. It is a link the left shoulding a knowledge. But they will not. The democrats push impeachment. Barely hours after a political shooting the left and media get right back on track with partisan attacks. Not a word of remorse for the climate of violence they did so much to create. The left has broken the rules of free speech and decency. There is no sign they will turn back. When the haters keep going like this we all lose. The second hour of Varney Company is about to begin. And let me be as clear as i can be. Violence of any kind is unacceptable in our society and i condemn this action in the strongest possible terms. Real change can only come about through nonviolent action and anything else runs counter to our most deeplyheld american values. Stuart that was senator berniec sanders yesterday, reacting to the shooting of congressman scalise. The sentiment expressed there didnt last that long. More on that in a moment. I will deal with your money first of all and Mortgage Rates, we just got latest read. Whats the number . Liz 3. 91 , at a sevenmonth low. We saw Mortgage Rates will go up as demand picks up, theyre dropping as treasury yield stays as low. Stuart who would have thought, 3. 91 on 30year. Liz thats correct. Stuart liz, thank you very much indeed. Another check of your money. Were down 50 points on the dow industrials. That is quarter of a percentage point on the downside. Where is the price of oil . Oh, 44 a barrel. Down a bit more today. There is oversupply as i said a few moments ago. I this i that means sharply lower gas prices to come. At the moment the average for regular nationwide is 2. 31. I think that comes down a lot. Back to those big tech names, always checking them. Why not . They have been leading this market higher. Now theyre leading it down. Apple, amazon, facebook all on the downside this morning. How about alphabet, facebook, netflix, microsoft . Same story, they are done this morning. Breaking news, the parents of Otto Warmbier, the student held prisoner in north korea, giving an update on his condition. What do we have, ash . Ashley getting headlines. Doctors say he is in stable condition. He suffered severe psychological trauma. North korea says he was in a coma almost all the time he was in north korea, being held there. But were expecting more details to come. But this Otto Warmbier suffered severe psychological trauma. Stuart the father on the screen on the lefthand side there, apparently he just said that the Obama Administration told him the father of young Otto Warmbier, sit tight, hold still. Dont do anything. Everything will be all right. That is what the father just said. Now that is an intriguing statement of what was said to him about it Obama Administration. Ashley there is a lot of statements coming out. Stuart clearly it was not okay. The man is in a coma. Ashley yeah. Stuart let me get back to the expression of opinion, the editorial at the top of the show. Democrat law makes are moving forward with impeachment, despite what happened yesterday to republican congressman. 196 democrats suing President Trump. They claim his he is violating the constitution by accepting foreign money through his businesses. Joining me now, Lieutenant Colonel ralph peters. Is this, is this another example of the democrats obstruction tactics despite what happened yesterday to representative scalise . What you do you say . No, it is not. By the way, stuart, i will remind you, rhetoric of violence around trump rallies from the president him seven was pretty severe too. I dont i think you lay the shooting yesterday strictly on the left and democrats. Both sides have guilt. Now as to stuart wait a second im not saying. I am sayingc the climate of violence, climate of Political Violence has ratcheted up since the election of President Trump and certainly since his inauguration. I think that was a primer for the violence that we saw yesterday. I dont think im out of bounds saying that ralph. And i dont think im out of bounds pointing out President Trump when he was running for office his rhetoric was often directing incitement to violence. It is on both sides. Representative scott a republican yesterday, had a right after the shootings he said we all need to knock this off. Now as to the democrats bringing a lawsuit over the emoluments clause, republicans should be with him, because the emoluments clause in the constitution is about avoiding conflict of interest. The president of the United States has to be above suspicion, above reproach. Now unfortunately President Trump, when he came to office did not divest, he did not put his assets in a blind trust. He is still deeply tied into a very active and apparently Successful International web of businesses. This matters. Because he is in dozens of countries, let me give you two examples where it matters, stuart. Remember during the campaign president would get so tough with china. He wanted to do usiness with china for a long time. He does it here in the states. He hasnt gotten tough with china. He has given the chinese virtually everything they wanted. You now doors are opening in china, patents are being granted. In turkey, trumps brand is doing very well. Trump is praising president erdogan, giving him a free pass. He is islamofascist in my opinion. How can you condone this . Stuart do you think it is legitimate to remove President Trump from office on the grounds that he may have made some money in his private businesses while he was president of the United States . You think that is sufficient grounds to launch an impeachment process which would remove him from office . It would depend on the specific circumstance, and you know that stuart. For example, were the Mueller Investigation to find out that in fact trumps web of businesses have taken a lot of money in loans or invests from russian oligarchs through Front Companies in cypress or elsewhere, were that the case then i would say yes because of statements he made about russia. Were it because his golf course is doing well in scotland . Of course not. It is about our National Security interests. Emoluments cause is there there is very deep concern about our National Security interests. Trump is in the u. A. E. He is in qatar. He wants to do business in saudi arabia. He has long ties you cant be objective if billions of dollars profits at stake. Stuart you cant expect Anyone Running presidency totally divest themselves of every business interest in their lives. I dont think whatever he may or may not have done with the emoluments clause, i really dont think that is ground to remove this man from the presidency at this point. It is a political argument. Democrats are using, no, wait, the democrats and you, are using legalisms to get this man out of office. And i think yourec wrong. I am not pushing stuart last 20 seconds is yours. You use word legalisms. Stuart, were country of laws. We have a constitution. The emoluments clause is part of that. You dont get to make your own rules. Trump may be lawyered up make his own rules as businessman. As president of the United States he must be ethically and morally above reproach period. Stuart okay. We have disagreement again. But you will be welcome back very soon. Thats a promise. Ralph peters, everyone. Thank you very much, sir. Appreciate it. There is some hope that the president s growth agenda will get back on track now, maybe even speeded up. Maybe. Joining us mark serano Deputy Campaign director for george h. W. Bush. Is that a possibility, mark . Let me spell this out. Please. Stuart we had dreadful outrage of what looked like political assassination. Yes, it was. Stuart i think that might be a reason for the Republican Party to come together, stop this, division, and get something done on health care and tax reform. Am i on the right track . There is a sliver of hope, ever a little bit sliver of hope we can work with democrats. George bush after 9 11, referenced fdrs quote about the warm courage of national unity, right . Well, guess what. That is not going to happen with the democrats. It just wont. You raise an excellent point, can it happen with the republicans . Stuart yes, within the Republican Party. I think the president should bring congressional leaders and as many members of Congress Tomorrow to cut a deal on taxes. We have to get the deal in this year. Stuart would the Republican Party listen to that deal . If you look at president s actions yesterday, that was dramatic leadership. Showed moral leadership to our country. I think if anything, incentivizes republicans to get behind this president , Something Like that will build confidence in the republicans on the hill. Stuart it should unsent advise them to get together to end division. I will call you an insider in the Republican Party. I think that is what you are. I will take it. Stuart are you hearing signs of compromise from the rightwing of the Republican Party, the moderate wing . Are you hearing those noises . Not yet. Not yet. Let me tell you the responsibility for the agenda this year i believe goes to the republicans on the hill. When will we have this opportunity again . Stuart right. This is rare moment in history for us to reverse the corruption, right the misdirection of our country over at least past eight years if not longer. Republicans have to get on board. I believe the president can bring them in, sit down, say, guys this is our moment. Lets come together and lets lead. What i would like to see the president do, get on the road. Go into directs of republicans. Senate, house, get in their districtses and in their states, campaign for tax reform. We have to have it this year. We must. It must be this year. Youve been very outspoken about getting it done this year. Thank you. Stuart yes, sir, i am. Ju for joining us. Much obliged. Thank you. Coming up the suspect in yesterdays shooting posted his antitrump hate on facebook. Republicans are the taliban of the usa. Time to destroy trump and company. More on that in a moment. Much more on the democrats refusing to admit their rhetoric played a role in the shooting. Senator bill cassidy joins us. This is is the second hour of Varney Company. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. Stuart ohios democrat senator Sherrod Brown, he is suggesting that the heated rhetoric from the democrats has not created todays toxic political atmosphere. Instead he points the finger at President Trump. Watch this. President should be healer in chief. Instead this president has chosen to divide and that doesnt serve this country. Probably doesnt even serve his interests. Certainly doesnt serve his partys interests. And certainly underminds values of this great country. Dont democrats play a role in all of this too . This false equivalency is story of the day in many papers like wall street journal for 20 years. It is not good journalism. It would be called in another era, fake journalism. Stuart really, fake journalism. Joining us now, louisiana senator bill cassidy, senator, would you respond to Sherrod Brown . On the left there is normalization of concept of violence where Kathy Griffin holding a bloodied head, the play in central park. Madonna speaking of blowing up the white house. At some point when people speak of violence and depict the end result of violence in a quote, normal way, to think that doesnt numb, dumb down or make people numb to the consequences of what they do, i think is probably not true. Stuart i think factually you can point to a ratcheting up of the intense and sometimes violent political rhetoric since the president was elected and certainly since he was inaugurated. And that toxic atmosphere this is my opinion here. That toxic atmosphere was largely created by the left. Am i too far out of bounds here . I dont think you are. Its a little ironic, folks who consider the president intolerant, display incredible intolerance. Those he think too warlike, display incredible kind of symbolism of violence. To think that does not influence someone unbalanced is not to know human nature. Stuart senator, before we leave this subject, i want to suggest our viewers send condolences, best wishes to your fellow Louisiana Republican Steve Scalise. I hope we can transmit that through you, sir . Thank you, yes. Stuart i have breaking news. I would like you to respond to this please. The parents of Otto Warmbier, he is the president that was held prisoner by north korea, he has been answering questions a few moments ago. The parents were asked about what the Obama Administration did to get their son out of north korea. Roll tape. The question is, do i think the past administration could have done more . Lak for the results themselves. Stuart that is just a short clip there. The parents, father of warm buyer went on to obama team said sit quiet, make no waves. Everything will be okay. Your response to this, sir. The Trump Administration response to north korea has been more effective than obama. They clearly have chinese engaged. Clearly to imagine the chinese were helpful getting this out. That relates to their relationship with china. Again results speak for themselves. I think trump admin decision has been more effective than the Obama Administration regarding north korea and china. Stuart sir, i have just a minute left. I have to ask but the time frame on Health Care Reform. I keep hearing that some, a bill will be presented. We can see it, before july the 4th. Is that, is that a kind of time frame that you can vouch for . Well the leader said, Mitch Mcconnell said on multiple occasions i will say there is kind of kind of kind o, at white house hundred chen we need to do things to fulfill campaign pledges, take care of preexisting conditions and. House ways and means, kevin brady says same thing and mr. Mcconnell is saying the same thing. I think youre starting to see a confluence of folks moving towards Campaign Promises by President Trump. Stuart bill cassidy, republican from louisiana on difficult day, much appreciated. Thank you. Stuart what is coming up, President Trump talking about apprenticeships signing an executive order. Next hour, 90 million of grants to provide on the job tripping for workers. Well bring that to you live. Congressman scalise is in Critical Condition. Republican congressman, one who will be on the show, one republican congressman says he will carry a gun wherever he goes. Chris collins joins us in the next hour. Stuart xerox has completed a reverse stock split. What does that mean . If you owned four of the old soar rocks shares, you get one of new one. Xerox. It is up 16 cents at 2bucks. Got it. Nike cutting 2 of its workforce. Announcing a new organizational structure. The market doesnt think much of it. Washington post reports that spellings counsel Robert Mueller is investigating President Trump for obstruction of justice. The president responded. Here is the twitter feed. They made up a phony collusion with the russian story. Found zero proof. Now they go for obstruction of justice on the phony story. Nice. Blake burman is with us. Are we seeing anymore reaction from the white house . Reporter that was tweet one, stuart. The president followed up with one shortly after this with a familiar phrase when he talks s headlines that follow. Nd all here is what the president tweeted out, quote, you are seeing the single greatest witchhunt in american political history led by some very bad and conflicted people. Here at the white house they are not commenting on these russia stories relates to the president at this point. Theyre pushing all of that the to president s outside legal counsel, stuart. When the Washington Post story dropped, president as legal team sent out a one sentence statement they focused on leaks. Here is what they said. The quote, the fbi leak of information regarding the president is outrageous, inexcusable and illegal. That from his legal team. Meantime stuart, here at white house about 40, 45 minutes or so, were expecting President Trump to sign an executive ordealing with building out the Apprenticeship Program. Senior Administration Officials told me last week, stuart, they would try to streamline some of the government programs. Stuart got it. Black burman at the white house. Thanks, blake. Dennis rodman still in north korea. He gave an interesting gift to the leader, the great leader there, kim jongun. What . Ashley gave him a copy of President Trumps book, the art of the deal. Stuart why not . Hley why not . He brought other gifts for the north korean leader. Wheres waldo, mermaid puzzle, two sets of soap and autographed jersey. This is his third visit. Very strange deal Dennis Rodman has with the country of north korea. This going on as we watch Otto Warmbier back in the u. S. , who suffered severe psychological damage and here he is hanging out with his friends in north korea. Stuart what a comfort. Ashley yeah. Stuart james hodgkinson, the virginia shooter, the suspect there, posting threats on facebook. He said he wanted to destroy trump and company. Could facebook do anything about that . Its a fair question to ask. At about 40 ms13 gang members arrested yesterday in a big i. C. E. Raid. The president pledged to wipe them out. Wipe out the gang. Suffolk county sheriff Vincent Demarco on progress been made. Stay with Varney Company. Stuart one minute, sorry, one hour into the trading session. Were down close to 100 points. That still puts us at 21,280. The price of oil is down again. A big drop yesterday. Down a bit more today. The important point it is back to 44 per barrel. The man who shot congressman scalise made no secret of his hatred for President Trump and republicans. He posted on facebook this. Trump has destroyed our democracy. Time to destroy trump and company. Joining us danny coulson, former fbi director. Danny, i dont see how facebook could take down a commentc like that. It is vague and general. It is not a specific threat. What say you . I totally agree. He is also protected by the first amendment. He has a right to make those comments. It is not specific enough for either the secret service or the fbi to get involved in it. It is unfortunate. What is really unfortunate the fact he acted upon his hate and tried to kill that many people. Theyre lucky, were lucky that those Capitol Police were so heroic and so effective. Stuart that post, were suggesting that maybe facebook should have taken it down. Other than that, it could be used as a flag. I mean it is a signal, isnt it, that the man is really on the edge. You could have taken it, fbi, or authorities could have looked at it, thats a danger signal. We could have a word with the guy. You could do that, couldnt you . They could do that. But, you have to remember, how many posts are there like that out there . The fbi could not have opened a case on that. Attorney general guidelines would not allow that they couldnt surveil him. They dont have resources to do that. Stuart, only answer to it, is get ready for it, prepare yourself, be trained what to do in active shooter situation. I know that sounds harsh and maybe a little cruel but you cant stop these guys with that kind of information, unless he comes to you, says, yeah he is going going to do somebody, he told me would do this. Action can be taken, a post like that were helpless to do that. Stuart do we really want to see 535 members of congress carrying a gun . If i were one i would be carrying a gun. Why not . Train them. Get them authorized. Let them protect theirselves. They dont want to security. I used to work on the hill, worked for department of justice with the fbi, they dont want security. They want to be close to people. Only answer, let them be armed. If you live in the state of texas you can be armed. It works out fine. Im all for it. Stuart danny, have you ever seen like this before . Active shooter, yes. I teach classes on active shooter. Stuart the climate of violence, political rhetoric ratcheted up. Ever seen that before . No i have not, my many years of Law Enforcement have not seen it. I think it is counterproductive. It hurts people that say it. Americans dont like that kind of talk. Maybe they will pay the price at polls. Hopefully they will. Stuart danny coulson. Kept it short. It is important. Thank you, danny. Stuart, always a pleasure. Thanks. Stuart some democrats are politicizing the scalise shooting. Some are using it as an opportunity to call for stricter gun control. Listen to what Virginia Governor Terry Mcauliffe said. Roll tape. There are too many guns on the street. We lose 93 millions americans a day to gun violence. I have long talked about this background checks, shutting down gun show loopholes. That is not for todays discussion, not just about politicians. We worry about this every day for allc of our citizens. Stuart now the governor misspoke. It is not 93 million, it is 93 people a day, according to his numbers. Kristin tate, a author of the book, government gone wild. Understandable response, kristin, im sure you disagree with it. It is understandable, youre laughing but it is understandable when you have shoots occurring at such a rate as we have in america today, it is understandable for authorities to turn around, you know, there are too many guns. What do you say . This is all about political gain. Chicago mayor rahm emanuel once said, never let a good crisis go to waste. We still dont know if more laws would have or could have prevented this attack, but democrats see this as an opportunity to score political points. Its shameless and it is totally obvious. The facts are clear. More gun laws dont necessarily prevent more shootings. Weve got to talk about the facts here. The facts that the Capitol Police had guns on them is the only reason that more people were not shot and killed. I mean look, we got to establish the fact that gun laws dont always prevent more shootings because they prevent good guys from arming themselves, showing up at the scene to prevent more deaths. This is what democrats do. It is nothing new, after every mass shooting obama called for expanded background checks on private gun transfers. Such laws would not have prevented any of those shootings. Stuart as you know im a newlyminted american citizen. I swore an oath to the american constitution including the second amendment. Im a Firm Believer in the second amendment. I think it makes america absolutely unique and i love being here, and im pledged to the constitution. You no im not that comfortable with guns being everywhere. Are you . Well, first of all guns arent everywhere. When you ban guns they create a black market for guns. Studies have shown that in nearly every place in the world where guns are banned, there is an increase in murders. But look, stuart, instead of calling more gun control, liberals should call for more civility in the media and on the left. It is rhetoric from the left that incites violence against republicans, that is really creating a lot of trouble here. Look, weve seen Kathy Griffin holding up the head of President Trump. Weve seen snoop dogg assassinate trump in a video. Madonna fantasizes about blowing up the white house. A play in central park glorifies the murder of President Trump. All of this has created such hatred on the left, and i think this mass, this attempted mass execution of republicans is just a logical extension of this kind of hatred. This has got to stop. This is no longer about free speech. People are glorifying and threatening republicans and the doj ought to go after those people the way they would if the shoe were on the other foot and people were threaten and glorifying violence againstc obama. Stuart we hear you, kirsten. We hear you. Thanks so much for joining us. Always good. Thank you, stuart. Stuart now this. Federal officials announce the airs of dozens of suspected ms13 gang members. New york city, long island. Joining us now, Suffolk County sheriff, Suffolk County on long island, Vince Demarco joins us. This is another, what, 30 or 40 arrests. How do you identify gang members, that you can get out . Were working hand in hand with Homeland Security investigations and i. C. E. We have intelligence, gang Intelligence Officers that, when people come in contact with the criminal Justice System we identify as gang members. With share that information with i. C. E. And Homeland Security investigations. They identify them as being in the country illegally. Together we round them up and put them in deportation. Stuart you wait until you get the intelligence from the immigration people and from the Homeland Security people, then you can go get them . Uhhuh. Stuart you can not, see them walking down the street, have tatoos, which identify them as ms13 bank members, you cant go up and say are you here legally . You cant do that. No. We have enough that come in contact with the Suffolk County criminal Justice System, wind up in our correctional facility. Our investigators label them as gang members. We have i. C. E. Agents that work in our facility and investigators assigned to Homeland Security investigations that information is transferred in real time. Stuart youre waiting for them to go jaywalking, bring them in, throw them out. That is what youre doing . For the most part. Stuart have you broken the back of ms13 the gang . No. We have not broken the back. Stuart you were on the program a month or two ago. You have dozens of ass then. Dozens of arrests this week. Youre still not broken them . No. We have a pretty steady flow of new recruits come into the country coming across the southern border. Every time they arrest and detain somebody more are coming to to replace them. Not everyone is arrested. Stuart why are they coming to your county . What is so big about Suffolk County loading up on ms13 gang members. There is big Central American population. The unaccompanied Minor Program purposely placed Central American kids into communities where they find sponsors for them. Stuart we heard that before. Any pushback anybody what youre doing with the gang . No. Listen the people of Suffolk County want to feel safe. Doesnt matter what community youre in. Ms13 is a big target. The president promised to do this. He is keeping his promise. Stuart other sheriffs in the country in contact with you . We talk all the time. I will see a bunch of them in two weeks. Stuart sheriff demarco, thanks for coming in. Check the stocks, the big tech stocks, show them to you all the time. Why not. Theyre down again today. Apple, amazon, facebook, google alphabet, microsoft, all are down. By the way theyre below the lows which they rched on monday of this week. Not a good story. Next, republicans call for uni on capitolc hill after the attack on republicans. Question, does this get President Trumps economic agenda back on track . Does it help with that . Speaking of that growth agenda, the president will hay out his Apprenticeship Program in the 11 00 hour. More details who pays and for what. We will take you there live. Ashley andy puzder, former ceo of kcke restaurants, says more people should back President Trumps proposed apprentice ship program. Roll tape. Not only dont have expense of College Education and incredible amount of money you have to borrow particularly at the better schools, but you actually get paid while going through apprenticeships. You will have income. Not income you have coming through the program. You get paid, dont incur debt. It is positive in all respects. The president getting behind this and his daughter getting behind this should change the attitude in america about these jobs. There is jobs in welding and construction jobs. There is jobs in manufacturing. We are united. We are uniteed in our shock and united in our anguish. An attack on one of us is an attack on all of us. [applause] to my colleague who will hear me Say Something you never said before, i identify myself with the remarks of the speaker. Theyre beautiful remarks, mr. Speaker, thank you so much, for the sentiments they represent. Thank you so much. Stuart speaker of the house paul ryan, Minority Leader Nancy Pelosi calling for unity after shooting of representative scalise. Joining us now americans for tax reform, president of, grover norquist. A talk of unity, about coming together, how about the Republican Party coming together in the face of this assassination attempt on representative scalise betting something done . What are the chances this will speed things up . I dont know if this will but, everything that is short of shocks the system, say, guys, focus. There is an effort by a lot of outside critics to attack trump, the trump agenda, the republican agenda. While a lot of things have been accomplished, mostly in terms of deregulation, fcc, ftc, a lot of very good progress, the two big things people will be watching, the American People will be watching, did you cut our taxes in a way that creates economic growth, and did you begin to undo the damage of obamacare . Now you can get into this, into the weeds whether you abolish it all yesterday. The point is that obamacare does a lot of damage. It has raised peoples costs. Has harmed people. It has killed jobs. We need to begin to undo it as quickly as we can. Stuart here is wl im hearing, grover. From a senator who was in the room, in the conversation about the senates version of Health Care Reform. Were hearing it may be on the desk. We may be able to see it before july the 4th. Youre kind of an inside guy there in washington. Is that a possibility here . The answer is yes. I was just in a meet number of senate staffers. A comment was made by one of them, this health care bill, around the tax bill, is the first time in this persons experience where the senators know more than the staff because the Senate Republicans have been meeting day after day, two, three times a week, going through the specifics of both Health Care Reform and tax reform, and theyre working, actually know more than the staff. Usually when a beast gets done, the senator says go do it, what does it look like, the staff knows more than the senate. Because the senate members, republican senators, democrats are not part of this proses is right now, they can join anytime they want to be productive but theyre not there right now, i dont expect to see them this year, the senators are looking each other in the eye, what do you need, how far, how much can we get done, both on Health Care Reform and block granting medicaid, and saks reform. So this is prodifferent than other pieces of legislation. It is driven and understood and being organized by real live senators who have to run for office as opposed to staff who have a very Important Role to flesh it out but, this is different and thats why i think its more likely to happen. I think that the senate, there is comment rings true with the staffers making the same observation of how engaged the senators are. Stuart ive not heard such optimistic talk from someone like yourself for a long time. There has been a lot of pessimism. I think maybe things are turning. But i have to ask about tax reform. Yes. Stuart what i keep hearing is not grand tax reform, a whole new tax code, but just cut taxes for individuals and corporations. Thats it, slim down, do it. That looks more possible now, doesnt it . It certainly does but i would argue that certain tax cuts are tax reform. When we take the corporate rate down, that allows us to also go to a territorial tax system. When we get rid of the death tax, that means the government doesnt have to be looking over your shoulder and counting how much gold there is in your teeth. There is awful lot of tax stuart i dont think anybody cares what you call it. Yeah. Stuart tax reform, i dont think anybody cares about that, so long as there is real understanding, republicans have to get it done. They have to. Growth, growth jobs. Stuart yes. Grover, thanks for joining us. See you soon. Thank you. Stuart where are we now in the stock market . This is thursday morning. Were down 81 points. Look at the level, 21,292. Take that. Governor of virginia, terryc mcauliffe didnt waste time after shooting of representative scalise. He spoke about gun control. Dana loesch joins Varney Company on that. Back to business for the president. The president formally announces the apprenticeship plan. Well take you there live when it happens. 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This kind of political rhetoric is just not on. You can not have this. Note the expression, knock it off, and i meant it. That was my reaction yesterday to the shooting of congressman Steve Scalise. I say the left needs to, knock it off, with the rhetoric against President Trump. Now many of you responded to that mini rant i gave there, first of all from, leftist incitement has produced this and has been escalating since the election. Blood is on their hands and even today they escalate it. There will be backlash and it will be ugly. I hope not, kippy, but i suspect you have a grain of truth there. Roy says, holding up a severed head and assassinating the president in theater contributes to real attacks. It is no longer about freedom of speech, but it is about promoting violence. So, did i go too far. Ashley not at all. Stuart demanding that the left knock it off when it comes to establishing a climate of violence . Ashley it has been open season on this president since even entered the race. It is like it is okay because it is donald trump. He is cartoon character according to his critics who doesnt deserve any respect, certainly not the respect of the office. The level of viiv lens and anger in response to those, President Trump has good ideas, he wants to cut taxes, deregulation and so on, but, the toxic atmosphere that donald trump is accused of creating seems to allow anything in return from the left. Youre right, knock it off. Stuart you know, what i really like about our broadcast yesterday, one part of it was you, liz. You brought emotion to the table. That is a good thing. There is nothing wrong with that whatsoever. What you did was to put us on the map about feelings and we care about it. And what happened yesterday was a disgrace. Liz i couldnt take it. I had to leave the set. Im about to cry now. I think we reasoned compromise. Its interesting, it happened on baseball field. Time to play ball, right, for both sides. Not every policy difference is matter of life and death. Bernie sanders saying obamacare changes will lead to 10,000 people, thousands of people dying. Parisc climate deal, he rescinding that, that will lead to mass extending shun according to jill stein. Watch what the corporate sponsors of Julius Caesar did. They didnt wait for a boycott. Were stepping back. Not going to do it. No, they didnt wait for consumers anybody to boycott. Were not back it, were not going to back this were going to withdraw. They stepped back. Ashley they knocked it off. Time for reasoned compromise. Stuart wellsaid, elizabeth, ashley, wellsaid indeed. Well be back. Stuart back to business for the president. Back to business for the democrats. Oh, what a difference. This hour President Trump formally announces his apprenticeship plan. Youll hear the details shortly. What hes trying to do is equip youngsters with the skills they need to nail down wellpaid blue collar jobs. Hes spent the week implementing a policy of job growth. Last week it was a huge infrastructure building plan. That is getting down to business. The democrats are doing the same, but the business theyre getting back to is the destruction of the presidency. Hours after Steve Scalise was shot, as his condition was being downgraded to critical, 196 democrats i sued the president for allegedly violating the immoll you meants clause theyre talking impeachment. The democrats new bible, the Washington Post, along with the New York Times eagerly report a possible obstruction of justice probe. What a contrast. The left tries to bring down the man they hate, the president tries to to build up the country we all love. Watch it unfold. The third hour of Varney Company is about to begin. Stuart that, of course, is the white house on the lefthand side of the screen there. We are waiting two live event, actually, this hour; the president s announcement of the apprenticeship plan, well take his remarks. Hell also be signing an executive order focusing on trying to expand those apprenticeships, and congressman ryans Weekly News Conference on the righthand side of your screen. He made yesterday with his unity comments. A lot more of this coming up. While we wait, lets check out the big board, we are down now just 58 points, we were down over 100 a little bit earlier today. John layfield is with us. He john, first of all, comment on the overall downside move. Weve got a lot of viewers who are a little worried this morning. We have another downside move. Is it the start they want to know, is this the start of Something Big . Look, its hard the make a prediction like that. I dont personally believe so. Im leaving my money in the market, im advising other people to leave their money in the market. Im not buying new stocks right now. The idea is competition. Look, with the low inflation environment, the low Interest Rate environment, the only place to get appreciation for your money is the u. S. Stock market. The s p is yielding 1. 86 right now, the tenyears at 2. 1, so dividend stocks have become de facto bonds in this low Interest Rate environment. Stuart what do you make of this, i believe this is a record, 44 percent of Fund Managers polled in a monthly survey, they say stocks are overvalued. Now, thats different from saying stocks are about to plunge. They are saying these levels, overvalued. What do you say to that . I still dont see em selling significantly. Look, they may say theyre overvalued and theyre not buying, thats exactly what im thinking right now. Youve got to look at competition. Look at the stocks that have dividends, like at t, verizon, ive owned both those stock, ford, gm, i own both those stocks. You have right now great buying opportunities in the stock market, in the u. S. Stock market. Look at the trouble around the world. If we had a president impeached, weve had two president s impeached, Andrew Johnson the market was up 6 in the next few weeks, president clinton, the market was up after that. Even if you had the worst thing possible, the president impeached, its not going to affect the economy that much. In europe, you had somebody like le pen get elected, that throws the economy in turmoil. Theres a difference between the United States and the rest of the world. Stuart so politics only intrude on the market if money is affected one way or the other. If youve got pluralists, no Health Care Reform, market goes down. But only when money is directly affected. Okay, ive got that straightened out in my own head at least. What about the big Name Technology companies in theyre all down today. Most of them are below the lows which they hit on monday. You see any buying opportunities . I dont yet. I would wait for a little bit more pullback. And also youve got to figure out whether the repatriation of moneys going to come in. Apple has borrowed up no to 85 billion to pay their dividend even though they have a couple hundred billion in their company right now, but its all overseas. If this repatriation dose through, which is likely i dont believe tax reform is going to go through this year. I do not believe that july 4th deadline. But repatriation, i think that will probably go through, and thats one of the things thats kept these big tech stocks with so much cash buoyant and could make them a buying opportunity. Stuart all right, layfield, that was a good handholding exercise for our views. Thank you very much indeed. Thank you, sir. All right, back to my editorial at the top of the hour, President Trump is getting back to business, and the left is getting back to what i think is an obstructionist agenda. Fox news contributor lisa boothe is with us. Hi, stuart. Stuart how do you what do you make of my editorial there . I am saying that the left is just obstructionist all over again despite the shootings that we saw yesterday. What say you . Well, weve seen a ton of obstruction from them this congress. I mean, look at even looking back at someone like neil gorsuch, you know, someone who you literally couldnt pick someone whos more honorable or who has higher qualifications, someone who was endorsed by president obamas own formal solicitor general. So this is someone who is universally praised on both sides passed, you know, who was confirmed years ago without objection by many of the same senators who voted against him. But he wasnt good enough because on instructionism and obstructionism and Party Politics came into play. It wasnt about confirming someone who was qualified for the job, it was about making a point and being part of this resistance movement. Stuart now, there is a difference between obstructing the president s agenda and actively encouraging this violent extreme polemic that we have going on. I think there should be the left should start retracing their steps. They should accept responsibility for some of the hatred which they have enjennerred in our society engenders in our society. Thats what i think. What say you . Yeah. I think there should be condemnation. Who would want to be associated with individuals who set a car on fire and broke into buildings on Inauguration Day or some of the stuff weve seen on College Campuses where violence has broken out or a woman who tried to run a congressman off the road because she was upset about health care or another guy at town hall pushing a congressman because he was upset over health care or individuals blocking the secretary of education from being able to get into a government building, or into a building to do her government duties, into a public school. Yeah, i think there absolutely needs to be condemnation for this kind of behavior, and i think thats constructive for the country to try to shut down some of the violence that weve seen. My concern is that theres been a normalization of violence, and its becoming so mainstream that its just going to continue to happen if its not condemned. Stuart lisa, before we close i should say, the her credit, Chelsea Clinton condemned roundly the severed head graphic from the young lady, the severed head graphic. She roundly condemned it. I think she should be praised for that. She did and so did others on the left as well. I think that is a helpful thing to happen. Hopefully, that continues to happen moving forward if we do see things like that happen for both left and right to at least condemn it. Stuart have the New York Times do something about that shakespeare in the park monstrosity with the stabbing of the president ial lookalike. Certainly disa appointing. Stuart disappointing . Mildly so. When youre off camera, youll Say Something more than that. Lisa boothe, everyone. Shes all right. Im all right. [laughter] stuart i must update the condition of congressman steven scalise. President trump and the first lady visited him at the Washington Hospital last night. They sat by his bedside, they spoke with the scalise family. Vice president pence, he was there earlier this morning as wellment i have to tell you that the congressman is in Critical Condition after undergoing surgery to remove a single rifle shot bullet to his left hip. Hes received multiple units of blood transfusions, and he will require additional operations. Thats the latest from yeah. Stuart new york republican congressman Chris Collins will join us later this hour. Listen to what hes saying about carrying a gun. Okay, its a quite, actually, so ill read it to you. If you look at the vulnerability, i assure you i have a carry permit, i will be carrying when im out and about. On a rare occasion, i have my gun in a glove box or something, but its going to be in my pocket from this day forward. Dana loesch joins us now, host of the dana show. You were expecting Something Like this, i take it, dana . That response, yes, stuart. And thank you so much for having me. I did, and i know that there were a lot of congressional members in response to this, and they have said had it not been for representative scalises capitol hill police, the two officers who served as his detail both of whom are heroes, particularly as well as crystal greiner who, a strong woman who was out there protecting congressional members as well if it had not been for representative scalise being there, they would not have had anyone, stuart. And these lawmakers, unless they have permits in virginia or are able to have a permit and carry into d. C. Which can be incredibly tricky to get, they were just sitting ducks x. Thats what a lot of them said. All they had to defend themselves with were their gloves and bats. Stuart i just want to remind our audience that congressman Chris Collins will be on this program shortly, about 30 minutes from now well hear from that congressman directly. He says hes going to carry a gun. Now, i say that there is a link between the violent rhetoric that weve been hearing from the left and the violent act which we saw yesterday. Where are the apologies or the pulling back by the left for what theyve done to this the Political Climate . I dont see anything, do you, dana . Its, thats the Million Dollar question, isnt it, stuart . What sort of atmosphere do you think thats going to come from having the severed head from a comedienne or having some sort of shakespearean play that portrays donald trump as the one getting assassinated as opposed to caesar. This is the reality in which we live. We see all of these different riots on College Campuses simply because they cant handle a difference in opinion. We have people who think that violently responding to the november election is a way to have dissent. What we saw yesterday, the violence yesterday morning, thats not a protected form of speech. This is an individual who was to no longer satisfied, stuart, with just voicing disagreement on facebook. He had to take it to this extreme. And i do think that the left needs to walk this back. Now, i hear all the time, stuart, well, this occurs on the left and right. No, im sorry. You dont see people on the right going out and shooting individuals because they disagree with their politics. Stuart well said. Im going to return to a subject you and i have talked about frequently. Im an american citizen, firm supporter of the second amendment, but the prevalence of guns if they were to be in everybodys hands or certainly a lot more hands, i dont find it disturbing, im just a little uncomfortable with it. Reassure me, dana. Well, stuart, we dont want to this isnt about a Guns Everywhere for everyone. There are certainly some people who have forfeited their right because of willful action or some, perhaps, who are just mentally incapacitated and are not able to responsibly, lawfully carry. But an innocent american citizen who simply wants to exercise their prochoice right of selfdefense, stuart, certainly they should be able to do so. And the argument, stuart, that because a criminal may carry that should somehow invalidate your right to carry . That is not a good argument. Thats not a logical argument. Stuart quick point. Im sorry to interrupt you, but i dont think congressman Chris Collins will be allowed to carry a gun in washington d. C. Am i right . He may not be. I know that even if they can get some sort of permit, then, even then there are a number of loopholes to jump through. Now, stuart, you might be aware that representative laudermilk was i think this really should put a fire under congress politically speaking to have National Reciprocity for all lawabiding americans across the country so that our rights dont end at the border, at one particular state border, that we can be able to protect ourselves wherever we are, a ballfield or at home. Stuart hey, you, on the left, knock it off. You accept that . I do. I do. Lets, you know, just because we disagree on politics doesnt mean we have to be enemies, stuart. Stuart well said. You are all right, dana loesch. So are you, stuart. Youre all right too. Stuart you used to call me varney, now im stuart. Oh, thats cool. [laughter] were on a first name basis now. Stuart oh, watch out. [laughter] see you later. All right. We are awaiting President Trump. Hes going to be making an announcement about the Apprenticeship Program. And were also awaiting Speaker Paul Ryan who will hold right about the bottom of the hour hell be holding his Weekly News Conference. He may well refer to the shooting of representative scalise yesterday. Do we have any detail on the Apprenticeship Program . He wants to increase it by ten times within five years time, increase to 4. 5 million apprenticeships meaning paid onthejob work mingled with classroom instruction. Stuart let me interrupt you for a second. He want withs four and a half million apprenticeship in five years time. Stuart and those would be offered by, organized by private companies. Correct. Stuart so a youngster fresh out of high school, for example, who wants to learn to be a welder, for example, could go to a private Enterprise Company yep. Stuart learn the job on job, get paid while he or. She is on the job he or she is on the job long overdue, stu. Itd be a real pushback to the present University Model which is cranking out, you know, all sorts of not very great degrees that dont get people good and theres an ability. Theres an honest integrity to doing a job where you do things with your hands and create things with your hands. As andy puzder pointed out, youre earning a small salary as to opposed to gaining 200,000 in college debt while you try to find a job. Stuart well said. Thats right. Stuart before we move on, real fast yeah. Stuart ashley, you and i grew up in england. Yes. Stuart england was very much a classbased society. Yes. Stuart and the upper classes look down on those people who work with their hands. Absolutely. Right. Stuart i think the same situation has arisen in america in the last, i dont know, last generation probably, if not longer. Stuart and i think President Trumps going to reverse that. Or try to. Yep. Stuart im for the man all the way down the line on that one. You know how hes going to pay for it, a 40 cut to federal jobtraining programs. People think theres a lot of redun dandy, a lot of overlap there. Hes going to cut the department of labor budget by about a fifth in order to get real, serious jobs created for people out there. Stuart thats good. Those Government Training schemes were not successful. They just were not. Put it in the hands of private enterprise. Now, putting the president s notes right there onto the podium, i see wilbur ross in the background there, i see linda mcmahon. That is the labor secretary. Tom acosta yep. Stuart whats the first name . Alex acosta, im so sorry. Alex acosta, labor secretary. Not exactly warming up the crowd [laughter] im being facetious. Its not vegas. Stuart he is introducing the president , i suspect, there may be other speakers before the president actually takes to the podium and gets launched. Quickly to the market. I notice its come back. About 40odd minutes ago we were down 105 points. Weve come back from there. Were now down, as you can see bottom righthand corner of your screen, were down 43 points. I keep saying it, 21,331. Wow. Were down twotenths of a percent right now. Stuart yes. And i went on the air we went on the air at 9 00, so theres going to be a selloff. Rate hike, all of it. Stuart define selloff. We were down, what, about. 25 . That was the extempt of it. Now were down. 19 . You cannot call this a selloff. No. Stuart you can probably say this is a selloff in the Big Technology companies. Yeah. Stuart thats fair. Not the overall market whats the betting that we end up today . At this rate i think we do. Stuart you think we do . Ill bet you one dollar. [laughter] stuart you dont gamble . Big british, you would think it would be the law, wouldnt you . Be in the old days maybe a flutter, as they used to say, on the horses. Maybe. [laughter] stuart in england a bet is known as a flutter. And in england you can bet on anything [laughter] on any street corner. Ladies and gentlemen, they are applauding, i do believe the president of the United States there he is. Stuart we will listen. [applause] hello, everybody. Thank you. Good morning. Thank you for all being here. Before beginning today, id like to take a moment to again send our thoughts and prayers to my friend and the friend of most of us in this room, Steve Scalise, and his great family as he continues his very brave fight. Its been much more difficult than people even thought at the time. Its been hes in some trouble, but hes a great fighter x hes going to be okay, we hope. I visited steve and his family at the hospital last night, and i reassured them that the entire country is pulling for them, praying for them and that we are here for them every single step of the way. Americas hearts and we mean this in the truest sense sends it love. A lot of hearts in this country, great hearts, and theyre all sending their love and support to the scalise family. And steve in his own way may have brought some unity to our longdivided country. Weve had a very, very divided country for many years, and i have a feeling that steve has made a great sacrifice, but there could be some unity being brought to our country. Lets hope so. While at the hospital, i also visited with special agent crystal greiner. Terrific young woman. Of the Capitol Police and her family. Crystal is one of the two capitol Police Officers who saved so many lives through her heroism along with special agent david bailey. They ran right into the fire. They ran right into those guns and the bullets, and they saved a lot of lives. America salutes both of their courage. They have great, great courage, and we all salute them. We also salute the men and women of the alexandria police, fire and rescue and all of the first responders. The timing and the speed and the professionalism was incredible. They performed with bravery and with skill. Finally, our heartfelt prayers go out to matt mika who was badly wounded in the assault. To matts family, anything you need, we are here for you. Hopefully, matt will be okay. In these difficult hours, its more important than ever to help each other, care for each other and remind each other that we are all united by our love of our great and beautiful country. Were joined today by secretary acos the that acosta, secretary ross and administrator mcmahon as we prepare to make a historic announcement to train americans for the jobs of the future. We have a lot of Companies Moving into this country. You see the up point rate is at a Unemployment Rate is at a very, very low level. Job enthusiasm and manufacturing enthusiasm is at record levels, never been higher, and a lot of good numbers are coming out including almost 4 trillion in gains in the stock markets since the election. 4 trillion. We just signed a big deal yesterday for hundreds of millions of dollars worth of equipment and military equipment going to be made in this country, in our country, for other countries. Weve got it going. Have to make sure the people are here and theyre going to be well trained. So i want to thank my daughter, ivanka, and her leadership. She has worked so hard on this. She understands how important it is. Were training people to have great jobs and high paying jobs. And were here today to celebrate the dignity of work. Its really a good term, dignity of work. And the greatness of the American Worker which aye been celebrating for a long time. Probably wouldnt be here if it werent for the American Worker. And the American Worker sees whats happening in michigan and in ohio and in a lot of places, that weve had a huge impact on just in a short period of time that ive been here and this administration has been involved. We have a lot of Companies Moving in. A lot of plants are being built, a lot of plant ares are being expanded, and big ones are going to be announced very soon. I cant tell you about them now, we want to get them signed on the dotted line. We dont want to talk too quickly. Called sign them on the dotted line, right . [laughter] in just a few moments, ill be signing an executive order to expand apprenticeship is the and Vocational Training to help all americans to find a rewarding career, earn a great living and support themselves and their families and love going to work in the morning. We will be removing federal restrictions that prevented many Different Industries from creating Apprenticeship Programs. We have regulations on top of regulations, and in history nobody has gotten rid of so many regulations as the Trump Administration x. Thats one of the reasons that you see the jobs and the companies all kicking in so strongly. Some very good numbers are going to be announced, by the way, in the very near future as to gdp. So were empowering these companies, these unions, industry groups, federal agencies to go out and create new apprenticeships for millions of our citizens. Apprenticeships place students into great jobs without the crippling debt of traditional Fouryear College degrees. Instead, apprentices earn while they learn, which is an expression were using, earn while you learn. Were joined today by apprentices who know firsthand how these programs can bring new hope and new opportunities. Were also joined by some of the countrys great governors, and i appreciate them very, very much for being here. We just had a meeting in the cabinet room. Charles robell is here with us from wisconsin. Where i just left, actually, yesterday. I was with governor walker. Charles is a threetime combat veteran who bravely served our nation. Highly respected after charles came back from the war, he like so many other americans faced very tough economic times. Charles began taking machine tool operation courses from a technical college. He immediately excelled. He was really, really good at it, they say [laughter] thats what they say, i havent checked. [laughter] where is charles . I think im doing okay. Come here. [laughter] charles, they tell me. I havent checked it, i want to check you out, all right . [laughter] but he immediately excelled. And by the end of his yearlong apprenticeship, charles will be making more than 60,000 a year and going up a lot higher than that. And he loves what he does. I think you really love it, right . Yeah, loves it. Charles, we thank you for your service to our country both in the military and in exactly what youre doing right now, which is so important. And we congratulate you on this exciting new career. And youre going to have some great future. Thank you, charles. [applause] each of the apprentices here today has their own story and their own dreams. Thats what they are, dreams. Apprenticeships teach striving americans the skills they need to operate incredible machines. And some of these machines are so intricate, so powerful. And really the word is they are incredible. This is not the old days. This is new and computerized and complicated, and you really have to know what youre doing. But they create amazing products. And to construct skyscrapers that touch the clouds, i mean, you look at the equipment today and just go back ten years ago and twenty years ago, its from a different world, from a different planet. Its incredible. I just met with the governors from many of the states to discuss how we can work with them to expand apprenticeships and the apprentice programs. Im also delighted to be here with ceos of Major Companies who support our apprenticeship initiatives. And we had a tremendous number of the biggest ceos in the world here yesterday. And we talked about this also. And theyre fully behind it. Including our effort to help millions of talented Young American women thrive and flourish in our economy. We are thrilled as well to have with us today congressman bobby scott and congresswoman Virginia Foxx who care so deeply about this effort. Thank you. [applause] the strength of our nation will be determined by our ability to keep jobs in america. And were going to keep them in america. Youre not going to have companies kneeing like in fleeing like in the past. Theres going to be a big price to pay for companies that want to leave, fire their workers, build a plant outside of this country and think theyre going to sell their product right back into the United States. Gonna be a big price to pay. But we want to keep jobs in america x we want to train and we want to train people and hire American Workers to fill those jobs. And thats exactly what were doing. And were being were really doing a good job of it, and i just want to thank all of our secretaries and everybody involved in the process. Not only will our apprentices transform their lives, but they will also transform our lives in the truest sense. Todays apprentices will construct the roads and bridges that move our citizens. They will bend the metal and steel that shape our cities, and and they will pioneer the new technology that drives our commerce. But as we train the next generation of americans to do their jobs, all of us here today have to do our jobs. We have to join forces, join hands and join together to restore the American Dream for all our people. And one of the parts of the American Dream is were going to come down very, very hard and we already have, youve seen whats going on on the border on this massive drug problem that we have in the United States. And, frankly, that other countries have also. And were coming down very, very hard on it. And if we dont, its called shame on us. So everybody thats worked so hard on this program and everybody in this room including the reporters god bless you, god bless america, and lets go out and lets do a really terrific job with the apprentice program. Thank you very much. [applause] appreciate it. Stuart thats an interesting way to end this presentation where he said and you, reporters. [laughter] theres a nice gesture to the media. Olive branch. Stuart he may make additional statements. Were, obviously, going to monitor that. But what youve just seen and heard is the president talking about the new Apprenticeship Program which he is very much pushing, which hes announcing today. The bottom line on this is, lets see if ive got this right, elizabeth, four and a half million private sector apprenticeships in the next five years. That will be ten times the number now. Right. Stuart based on private enterprise companies. Right. And the president has said there are currently 60 million skilled jobs that are vacant that companies havent been able to fill because people dont have the skill sets hes talking about now with this stuart did he say six million . He has said anytime the past. Stuart over a period of time. Yes, that need to be filled. Stuart the difference here is that it will be private Sector Companies which offer youngsters fresh out of high school a way of training them in a skill i keep using the example of a welder plumber or welder, electrician. Stuart they get paid whilst theyre with the company, and they get a job with the company when theyve done their apprenticeship. I believe that works a whole lot better than governmentrun training schemes absolutely. Stuart which are notoriously unsuccessful. Yep. Stuart that is my opinion based on the facts. So the president there walking away from the crowd. Hes made his announcement about the Apprenticeship Program from here on out to. Moments from now, were going to be taking you to paul ryan, speaker ryans Weekly News Conference. That will be an important event today because just 24 hours ago we were reporting the shooting of representative steven scalise. It is probable that paul ryan will Say Something about that today. And also about Health Care Reform, the health plan and tax reform going through congress. Well bring you speaker ryan when he appears at the podium. Our next guest has a terrific piece in the wall street journal today. I think our next guest has been watching this program. The piece is titled political disorder syndrome. The subheadline is Public Theater should cancel its trump assassination play, but it wont. Have you been watching this show, Dan Henninger . Every day, are you kidding me . [laughter] who would miss it. Stuart the point is, i think were both making the same point, the left is stoking this Political Climate, and theyre not going to back off. And thats what youre saying today. I dont think theyll back off, and were heading into deep and dangerous waters at this point, and we should be a little bit careful. It isnt merely that political rhetoric is heated these days. I think something has been going on for some time, forces put in motion, and that is we have to realize how emotionally and psychologically jacked up everybody is about politics and their opinions. I mean, like, town halls are not just angry, they are over the top. You go out to campuses, and you dont talk to your opponents, you have to shout them down. The emotional intensity is extraordinary. And i think it has a lot to do with the fact that weve been living in kind of parallel universes for some time now. I say it is related to social media and things like that. The fact is that people in many aspects of their lives are very restricted mainly by things like political correctness. If you say the wrong thing, you can be shamed on social media. In places of employment now, you can be fired for a long list of offenses, many of which people dont recognize. Life is very restrictive. And i think many find a kind of release in social media, in twitter and facebook among their friends, its like a wildlife refuge where you can run naked against all this dammedup political opinion. And you see it coming out in kathy givens beheaded griffins beheaded head of trump which she tried to defend by saying its a woman thing. How psychologically dislocated can a person become . Stuart extraordinary. Hold on a second. The subheadline to your piece, youre talking about shakespeare in the park yeah. Stuart a lookalike for President Trump stabbed on the stage night after night. Right. Stuart the new york time is the is a sponsor of that event, and youre saying they will not retract. They will not walk away from their sponsorship of this violent play. Why not . Well, i think for a couple of reasons. I mean, i call what im talking about political disorder syndrome, and i think Public Theater and the sorts of people you find who are so hysterical about trump, are suffering from a psychological condition. Ly are say i will say that i think Public Theater is exploiting that syndrome by putting on a play about trump being assassinated which they know a lot of new yorkers are going to come to see, and its going to build their audiences. And i think that cynicism is going to overwhelm any sense at this moment after the scalise shooting that its time to dial it back. I mean, ive got to tell you, stuart, living through the eight years of the Obama Administration Something Like this was always in the back of ones mind, a possibility of an attempted president ial assassination. One felt is so relieved to get through it. Now these emotions are in play again with attempted political assassination. And you would think people in positions of responsibility even on the left would say weve got to pull back a little bit. Politics is tough these days, no question about it. But the emotional component of it is really getting dangerous. Stuart youve put your finger on it. Dan henninger, i agree entirely. Thank you very much. Thank you, stuart. Stuart all right. Lets take a look at the s p 500, okay . We always bring you the dow, the nasdaq occasionally, how about the s p 500 . Down nine points, at 2,428. [laughter] while were showing you the s p 500 [laughter] theres a good reason here. Its not just tsa broadbased indicator its a broadbased indicator. Oh, no. David stockman, former budget director under president reagan, this man says that the s p 500 is going to fall 35 . That will be roughly the equivalent of about 800, 900 points if im not mistaken, is that correct . Well stuart first, before you launch [laughter] when, now, were down today. Yeah. Stuart is in the start . I think itll happen any day because were a country thats out of control. Stuart youve been saying that for donkeys years. Okay thats a long time. Hey, stuart, i could have said that in february 2000, and the market dropped by 60 . I could have said that in november 2007 and the market crashed. I could have said it, im old must enough to remember october 1987. Okay, markets go up on an escalator, they come down on an elevator. This is the most hideously overvalued market in history. It is trading today at 25 times now, let me finish the 100 a share that the s p 500 earned in the period ending in march. Now, i go back ten years to june 2007. The s p 500 earned 85 a share. Thats 1. 2 growth nominal in ten years, and cow want to pay pay and you want to pay 25 times earnings going into a world where the fed yesterday said were going to shrink the Balance Sheet by 2 trillion over the next several years, where we have a government that is in total chaos, a president theyre trying to unseat, a debt ceiling that cant be raised, a tax bill that will never pass. Going into all of that, to say nothing of the red ponzi in china one of these days spilling its guts all over the world economy, and you want to pay 25 times earnings for todays stock . Be my guest. This is a mania. This is a mania. Stuart the one time when ive given you full throttle, the full ability to go ahead and make your case, you actually may made a very intriguing case. Ill give you that. Okay. Stuart but the trouble is two points. Yeah. Stuart you mentioned october 19th, 1987, wasnt it october 87. Tree points. Stuart okay, theres that. There was the low the big selloff that took us down to 6,000 on the dow by march of 2009. And in 2000 we had a massive stuart yes, yes, yes. And the nasdaq stuart not that particular occasion, but in 89 and in 09, 2009, the markets bounced back. Very, very quickly. Because stuart why cant the same thing happen because the fed opened up the stimulus chute and printed money like there was no tomorrow in seven weeks after the lehman bankruptcy. Bernanke doubled the size of the Balance Sheet from 900 to 1. 8 trillion, did in seven weeks what the fed did in 90 years. My point is they cant do it again. Stuart okay. Theyre out of dry powder. Stuart okay. Im listening to you. Okay. Stuart youve got all of our viewers worried tiff. They should be. [laughter] anyone in the market today, get out of harms way. Stuart the script says, thanks, dade. Thats very good. Thank you very much for joining us. We do appreciate it. What weve got now is a mere 20point loss for the dow industrials. By the way, when the president started to speak, we were down 40. Now were down 24. And whos next . Ill tell you. Congressman Chris Collins. He says nowadays hes going to start carrying a gunful well be back. 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. In los angeles, theres video of the new Super Mario Odyssey platform. This is a new switch game. Itll be launching. They are revealing multiple things at this particular conference Going Forward for their switch. This all happens while microsoft announces at the same conference they have a new xbox coming out at the end of the year as microsoft, xbox, Sony Playstation and nintendo all battle it out for gamers. He came to the world justin the usual way but there were planes to catch and bills to pay so i moved my meeting saw him walk that day he was talking fore i knew it, and as he grew hed say im gonna be like you, dad you know im gonna be like you and the cats in the cradle and the silver spoon Little Boy Blue and the man in the moon. Stuart Speaker Paul Ryan holds his Weekly News Conference today. We thought it was going to be at 11 30, it has been postponed. He will appear at some point. Got it. Our next guest says, this is dramatic stuff, hes going to start carrying a gun. This follows the shooting of congressman Steve Scalise. Congressman Chris Collins is the man who is going to be carrying a gun x he joins us now. Everywhere, congressman . Everywhere you go . Youre packing heat . [laughter] el w stuart well, stuart, ive had a carry permit for over 30 year, and depending on the situation, if i thought it was prudent for me to carry a concealed weapon, i have done that in the past. I might have it in my glove box but, yeah, im more attuned right now than ever to safety. Certainly, i cant in d. C. Weve got a law that prevents that. Stuart yeah, you cant. You work in d. C. A lot of the time. But you cant carry a handgun concealed or otherwise well, thats why im a sponsor, stuart, of a law that would change that and say if you have a a concealed carry permit in any state, you can carry in other states. Ive actually sponsored that legislation. But for the time being, i will say this, once were in the capitol compound, in the the complex here, it is extraordinarily safe. And thats very different if were in our districts, were going to public events. Security has got to come first. On saturday im out and about, and the sheriff of one of the counties is going to have a deputy or two traveling with me, and its not just safety for myself, but my staff and, frankly, the public if somebody were to have a thought in their head that would be, you know, taking law into their own hands, if you will. So i think we have to to put safety first. And its having police when were in the public. And i believe that a lawabiding citizen with a weapon will help keep a situation safe. Ive always believed that, and this goes back 30 years. So stuart okay. Im just going to be a little more diligent because of what happened yesterday. Stuart understood. Of its a grim situation, and youre responding to it. It is. Stuart thank you, sir. Now hold on a second. Moments ago nancy pelosi was asked what she thinks is causing all of this nasty, violent political speech. Listen to this. I think a lot of the vitriol and invective, i mean, one of the people that went to jail for threats to eventually, when they finally found him because he was very resourceful in hiding, when he was being tried his mother said he just watches too much fox tv. Thats what she said. Stuart let me clarify this for a second. Speaker pelosi was asked about a threat that had been made to her, a person who made the threat. His mother said hes been watching too much fox tv. That seems to me that shes reversing here and saying its all us. Were responsible for this. Id like your response, please. You know, very, very disappointed in leader pelosi to, after everything we said yesterday and myself included, acknowledged we need to measure our words, the Political Climate today is not a healthy climate. Were divided, its anger. And for her now to point a finger at fox which is a finger at republicans thats wrong on every front. Im very disappointed in leader pelosi, because were trying to go in a different direction. I hope she reverses what she says, tries to clarify it as best she can. But that tells you part of the problem in this country. Stuart youd be surprised, congressman, how Many Democrats watch this program. My own program included. You would be very surprised. No, i wouldnt. No, i mean stuart good. Were talking about fake news on some of the other places, stuart. Not with you, thats for sure. Stuart congressman Chris Collins, been with us since the start of the trump campaign. Always a welcome guest. Okay, stuart, good to be with you. Stuart look at this. You are looking at the price of oil. Why are we bringing you the price of oil . Okay, its down to 44 a barrel. Theres a supply glut, an oversupply, you can say that. Maybe that eloff in oil is selloff in oil is hurting the stock market. It is still down. And maybe there is a Silver Lining in those Lower Oil Prices by the name of lower gas prices. What youre looking at now is the price of gasoline nationwide. It averages 2. 31 a gallon. Thats down four cents in a week, but look at this. Could this be the sign of things to come in the very near future . Look at South Carolina. 1. 99. 1. 99, that is the average price of regular in that state. Wow. Stuart below 2. Oklahoma, alabama, only just above 2 per gallon. Oh, heres one more. Where is the cheapest gas in the nation, and what does it cost . 1. 73 at the on cue express in oklahoma city. What . Lets go, baby. Stuart 1. 71 at that gas station. Can you beat that . Now, im going to repeat my prediction. I say by the end of this month, june 2017, therell be at least half a dozen states in america with an average price of gas below 2. Im with you. Yeah. Dont you have a routine where you go to the gassation after you get gas station after mcdonalds coffee, then you drive in the van stuart the producer says were going the straight to the tease. [laughter] i always to obey chrissy, and she knows what shes doing. [laughter] you know who we havent heard from yet today . Judge andrew napolitano. Hes waiting for us. Wait a second, were going to do a commercial, then its you, judge. Well be back. Stuart i want you to look at this headline from the Washington Post. Here it is. Special counsel starts investigating trump for possible obstruction of justice, officials say. President trump fired back on twitter, here it is you are witnessing the single greatest witch hunt in more than political history led by some very bad and conflicted people. Judge napolitano is with us now. Now, is whats the chance of us Going Forward towards impeachment . Is in this a genuine impeachment move, or is it just the left using the law and legalisms to obstruct President Trumps agenda . You know, bob mueller would get a kick out of anybody calling him the left, and i dont know [laughter] stuart sorry. I dont know the answer to your question about how substantive the evidence is because i dont know what the witnesses have told him. But heres what hes confronted with, a former director of the fbi made arguably credible allegations against the president of the United States. The attorney general of the United States had the opportunity to refute those allegations and did not do so. That is certainly enough to commence an investigation. Now, when the fbi commences an investigation, stuart, it doesnt mean they think the persons guilty, and they may be gathering evidence that exfull pates the perp exculpates the person as well as produces or leads toward guilt. At this stage one can say that the president is the subject of a criminal investigation but not that he is the target. The difference is theyre in the initial stages, theyre gathering stuff, they dont know what theyre going to gather. They havent yet decided that hes probably guilty, and they probably have to move forward. And if they did, they cant get an indictment of him because a sitting president cant be indicted while hes still sitting. Stuart hold on a second, judge. Ive got an upi date on the medical situation of Steve Scalise. Theyre calling it, quoteunquote, complicated. The doctors are evaluating his situation in 12hour increments. We heard earlier that the bullet hit him in the hip but also fractured the pelvis, many organs were affected by this, and bleeding has been a big issue. They say what theyre going to do now is just look at perhaps another procedure today, but as they say, the word is complicated. Keeping a very close eye on him. Stuart judge napolitano, we dont have much time for this, but our thoughts and our prayers go out to the family of Steve Scalise, and im sure you will join us in that. You know, i had a couple of funny oneliners to end in this time with you, but theres nothing funny about this. Its dreadfully serious, and im saying hail marys for him, stuart. Stuart well said. Well see you on special report tonight. There will be more varney after this. Is 728 a month. Thats almost 9 thousand dollars a year. Now judy doesnt think that shell be able to retire until her mortgage is fully paid off. This is mike. Mike is also 63 years old. His mortgage payment was 728 a month. Mike thought he would have to work for another 12 years until his mortgage was paid off. And then mike heard about a reverse mortgage and how that might help him. He called one reverse mortgage to get the details. Mike retired immediately after getting his one reverse mortgage loan. Maybe you too can benefit from a reverse mortgage. Call one reverse mortgage now and find out if you qualify. Theyll send you an information kit that includes all the details and the stories of mike and others. A reverse mortgage. Is a mortgage with no required monthly payments. It was created for homeowners 62 or older so they can continue to afford and own the home they love. Many one reverse mortgage. In the bank. A reverse mortgage could change your retirement, and your life. I examined my finances and i said, there is no reason why i shouldnt retire today. 10, 12 years earlier than i had anticipated. In the first year, mikes cash flow savings totaled 8,736. After 5 years, it will be over 40,000. It really is worth a call to find out if a reverse mortgage can help you too. Call one reverse mortgage now and ask for your free information kit. Stuart going to leave you by repeating update on the medical condition of representative Steve Scalise. He is still in Critical Condition and the, the exact expression is, his condition remains complicated. I do not know in medical terms certainly doesnt sound good. Ashley trying to evaluate the extent of injuries he sustained. Bleeding ace big issue. 12 hour incrments theyre reevaluating his situation. Stuart president said earlier today scalise will be okay we think. Let me get that right, we hope, that was from the president. Neil sorry to hand it over to you in such dire circumstances but it is yours, sir. Neil i know what you mean, steve. Very good man, decent man, hope he comes through it. You cant tell with initial reports. He was head in the hip, you think he will be all right. There are a lot of vital organs in that neck of the wood. Trying to crawl to safety might have complicated things. Obviously to your point, thoughts and prayers are with mrs. Scalise of course, the third highest ranking republican, more face of the anger that seems illcontained these days. Well coop you updated on his condition where it goes. Keep you updated what the