Transcripts For FBC Varney Company 20170719

Republicans are divided. At stake the Trump Presidency and electoral future of the Republican Party if theres now a tax cut fail say goodbye to 3 growth and say hello to speaker, nancy pelosi. Theres a lot at stake for investors too. Trump rally based at least in part on the expectation of trump tax cuts welcome and tax growth agenda what happened to the rally if republicans fail again. This is crunch time, only the democrats will be happy if theres another republican fail. Varney company is about to begin. Stuart ibm will be a big drag on the dow industrial average theres a longterm negative trends ibm taking in less and less money as years go by and watson in the ads not a wild success. More on that in just a moment. Now look at amazon is and blue apron from rumor to reality in a matter of days. We heard rumors a few days ago, now amazon is advertising its rival meal prep service. No recovery for blue apron shares, am i right in my premise that theyve gone are from speplation and blue apron and others by the way in this particular segment of the Food Industry going oh, listen amazon slogan is we do the prep, you be the chef. And those kids are already up and running on the website although yesterday they have one on there offering state dinner with parmesan fries it was unavailable whether it was sold out or not but already if you belong to the 14 dollar and 99 per month, the Grocery Delivery Service these products are up and running. Can knock a company out market. Went from literally it was rumor last friday was it . It killed blue apron now we understand and here we are advertising the product. Its on. Lets get back to ibm less and less money coming in there. Were going to call them old tech versus new tech of the fabulous five that stock is down to 3 from market now i want to know watson ive seen all of the ads. Successful failure, liz . Liz heart and soul of ibm saying it is too costly too confusing yet hire consultant and according to jeffrey same rate for their Artificial Intelligence engineers five and a half years of drops and according to them jeffreys not overseen quarter of sales growth so profits and rev are knews down year over year it may shave 28 points off the dow at the open. Down stock thanks liz. Stuart back to politics President Trump has invited all republican senators for lunch at the white house today. Health care is going to come up, heres President Trump he says let obamacare fail. Roll it. Let obamacare fail, were not going to own it. Im not going to own it. I can tell you republicans will not own it. Weal let obamacare fail and then democrats are are going to come to up and say how do we fix it, how do we fix it or how do we come up with a new plan . Republicans are not going to own it. Well see. Come on in senator john kennedy a republican from louisiana. At the lunch today, sir, my bet is what the president will say, cut taxes or else. Maybe thats what i want to say to him. What about you . Youyou are going to be otolunch . I will. Heres what i hope the president says stuart i hope he says i believe very strongly that within the next week, im ready to go this afternoon. We need to have a vote on repeal and replace in two years. Now, im prepared to votes on something to repolice now. And the way senator mcconnell was going to do this was going to put the bill on the floor and let everybody offer amendments. Democrats, republicans, independents would stay there as long as we needed to stay where everybody got to have their say. Some of my colleague toangt dont want to proceed to allow us to debate which i dont understand. There will be a vote on monday of next week. I hope so. Its time. Look, but i think its clear stuart that some people who here tofor oppose obamacare dpght like it but this is america and if republican it is now like obamacare they immediate to stand up and say it, and own it and only way to do that is to have a vote. Stuart dont you want to hear a president ial push big time for tax cut . You toast. Republicans are toast if they dont ask, dont tell dont get tax cuts down. Going to proceed and repole and ready to have this vote and repole repeal and then move immediately tax reform 1. 4 growth in gdp is an embarrassment thats what we have now. Ought to have his head in the bag its embarrassing. Stuart you have a divided Republican Party. You are divided on Health Care Reform. Youre divided tax cuts youre up against the wall here. Your reputation as a party which imorch is at stake is right here right now. Were sell better than the democrats. Okay. We were having troubles theres no question about that. But what we need is a vote. Now, for six months, really for six years. Before i was here, everybody tacked and offered it this idea and i get it. Everybody has their ideas and everybody is smart and everybodys sees problems here and good parts there. Its time to vote. Lets just stand up and be countinged in front of the god and country. You either like obamacare or you dont and suddenly like it then say it. Own it and go back home and explain it to your constituents. Stuart well said you say it again thats why youre a favorite guest on this program you say it, tell it how it is mr. John kennedy senator of louisiana. Thanks for joining us sir, thanks. Cue the lefty outrage President Trump and Vladimir Putin held a second undisclosed meeting at the g20 all rise judge nam tan know is here. What the devil is going on . I wish i knew what the issue was. Theres no legal or constitution stuart no end. A secret meeting. Were watching now and going on and on about it. But seriously. Must have been 60 people in that room and 20 heads of state and theres spouse and security. And each have a trancelator and they gave donald trump a japanese translator to the proximity of the Prime Minister of japan and japanese trancelator speaks japanese and english so no purpose was served with the japanese translator when the president and this translator quack to talk to putin. Not a story almost humorous and it almost shows that character of donald trump unwilling to stay tethered it a chair talking to two people arranged him when he sees second most important guy in the room on other side of the table wants to say hello and he has to be seated next to the president s wife. Theyre making this sound like there was some secret summit that none of us knows about. Yes. That tells you a lot about the character of the antitrump media. They hate him if you can rustle off the headline that says g20 meeting two World Leaders got together and melt oh, i have a conspiracy there. Exactly. Exactly. Stuart lets cut this short. President has a lot of selfconfidence in his personal relationships with people. And to put his hand on Vladimir Putin shoulder and say did you enjoy sit next to my wife is a summit that we dont know about. Stuart im glad you dealt with this for us. Constitution and im happy to say theres no constitutional issue here. [laughter] under our written one or your former unwritten one. [laughter] stuart you get you going in the 9a blocks and you did. Thank you, sir with. Now this foreigners buying a Record Number of homes in america now ash. You and i are no longer foreigners so why dont you tell us which which foreigners are buying what and where . Theyre like oh, okay, biggest buyer of u. S. Property from people from overseas opposed to foreigners chinese again, china number one, buying primarily in california. And with hit record nurls this was from the period of last year march this year which is surprising because the dollar has been strong nevertheless weve had a lot of foreign buyers number one china. Canada, number two. Buying a lot of home it is this in florida. Because they want to get away from those wicked winters up north then we have number three, the u. K. , number four, mexico. A lot of mexican Property Buyers where are they buying . Texas. President trump i repeat the president of the United States of america had more mexican people are buying in america chinese folks are buying in america. And europeans are buying in america. Number five india by the way everyone talked about russians buy up everything but 1 of those purchases. [laughter] stuart there you go. Good story. Thanks very much. Targets chief says the Hispanic Consumer is shopping much less. The ceo didnt mention President Trump by name. But did mention shifts in behavior and border towns. S interesting story weve got that coming up for you. How about this one . A proposed 12,000 seat state of the art stadium for a High School Football team. And yes its in texas. Find out exactly how much this is going to cost. Well have that. I was wondering if an electric toothbrush really cleans. Better than a manual, and my hygienist says it does. But. Theyre not all the same. Turns out, theyre really. Different. Who knew . I had no idea. So, she said look for. One thats shaped like a dental tool with a round. Brush head. Go pro with oralb. Oralbs rounded brush head surrounds each tooth to. Gently remove more plaque and. Oralb crossaction is clinically proven to. Remove more plaque than sonicare diamondclean. My mouth feels so clean. Ill only use an oralb the 1 brand used by dentists worldwide. Oralb. Brush like a pro. Stuart deal may be in the works wall street journal says discovery is talking is in in talks to buy scripts. Now, lets step this out discovery shows include deadliest catch, shark week, mythbusters, scripts owned food network hd tv, the federal channel, amongst others. And boats strox on this speculation that theyre getting together. Big gain for strips up 15 . The head guy at target ceo thereof is warning hispanics may be shopping less this he mentions border town and shifts in behavior. Whats this . Border towns where president would like to build that wall this is brian who says almost a cocooning factor and staying at homage going out less. Particularly around border towns hes also siting research that says that this is hit hadding retailers across the country that hispanics are staying home sales are are 8 year over year according to this data and fear that ice is going shough show up at a target store to round up Illegal Immigrants hes belying implying that so 1. 4 in buying power. This is up 20 of the u. S. Population . Nearing 20 for sure. Theyre 10 on buying power 1. 4 trillion is what they spend purchasing power. So, i mean, this is an tech so theyre talking about it. Stuart top guy at target is implying that hispanics afraid to go out to buy because theyre afraid are of i. C. E. Thats the story. Essentially thats what hes implying back to amazon blue apron from rumor to reality couple of days. Bill l is with us former chief of walmart usa. This is really remarkable. Rumor to couple of days ago that theyre going to come out with a prepackage meal kit theres talk that amazon is the new walmart. Thats right. Stuart are they . A beast. Stuart, theyve been able to get in and Gain Momentum only place to stop them is walmart these two titans are headtohead and blue acken prois a good one. Just in ininfancy just ipo and they large it. You can go after them and predatory pricing, unfair competition they run a monopoly you can do that. Particularly when they say you know we can make money wherever we choose we choose not to now and invest in make money later. Those words always scare me if i were an amazon shoe regulator thats what im looking for. Stuart i think so. I have to ask you about health care. Because you say that the uncertainty of health care that obamacare for the last seven years, you say that has hurt growth and our imroat rate in america. So why cant we get rid of it . Thats whats been happening over last several years you back to the beginning of the obama administration. We spent two, two and a half years arguing about obamacare the implementation and passing of it and spent two, two and a half years really, really focused on repeal, Supreme Court challenges. Are are we with going to get it finally with Supreme Court ruled on it and spent next two years in the election talking about how the republicans just give me a shot. Give me the presidency give me the senate, give me the house well repeal and replace and here we are now talking it be again. And stuart you have to be disappointed with republicans. Youre a business you need sernght certainty and know what your labor costs are going to be and the way it is set up 8 years of Uncertainty Around Health care. Fix it and lets move on. Stuart you are disappointed with republicans. Absolutely. Choked on them. Theres a time with restrain they have their chance. Its right now. They need to do something. Stuart phil sighing monothank you so much for joining us. Appreciate it. Thank you. There it was. Big headline on drudge, the most unpracticive congress in 164 years were going to explain that one for you and ask louie about it as well. Hes coming up. In our morning meet, my executive producer explain to me, football is a religion in texas. Not next, we have the story to prove it. [laughter] times up, insufficient were on prenatal care. Es. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong insurance company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. He gets the ball, lefthanded catch and souvenir for Chris Christie are you kidding me, how about that . You just notice him [cheering] hot ill tell you. Nice to get from are the tbeach to the ballpark. Did you hear that . From the beach new jersey governor Chris Christie caught a foul ball at the mets cardinals game you hear booing remember governor took criticism for closing down state beaches during the july fourth weekend. Then he vacationed at a state beach that weekend caught a lot of flak at the gail last night as foul ball. Not a popular guy easy to go after these days. Next case, ive got a number for you and the number is 48 million dollars. Whats that for . For High School Football stadium now where would this be . Playing in High School Just a field. [laughter] rock. 12,000 feet capacity friday night light, texas you think ms most expensive High School Stadium think again another one built for 70 million and one for a high school. They fade for yes. For the funds people taxpayers will kick in. And they do it willingly. By the way, this is such a Small School District theres only one high school in it but its so fast growing theyre trying to think ahead by adding this giant stadium with like a banquet hall sized suite in it expected to attract a lot of people. This is texas, High School Football thats all you need to know. Taxpayers had to vote on the bond issue. Taxpayers said yes. They knew what they were gettg and if it is texas they like it football is a religion. In the team stuart the low form of football is a religion in texas. They love it. So what . Stuart thats explained to me. Whoa look at the futures look where we are pointing. Ladies and gentlemen, it is wednesday morning. And were going up again. Who cares about a Health Care Fail . Lets move on towards tax cuts shall we dow is up 20. Back in a moment. Copd makes it hard to breathe. So to breathe better, i go with anoro. Go your own way copd tries to say, go this way. I say, ill go my own way with anoro. Significantly improve lung function all day and all night. Anoro is not for asthma. It contains a type of medicine that increases risk of death in people with asthma. The risk is unknown in copd. Anoro wont replace rescue inhalers for sudden symptoms and should not be used more than once a day. Tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. These may worsen with anoro. Call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. Ask your doctor about anoro. Go your own way get your first prescription free at anoro. Com. Stuart we are looking for slightly higher opening. The fact that todays Market Action is this. President trump has invited all republican senators to a meeting, that would be for lunch at the white house a little later on today. This is what he tweeted this morning. I will be having lunch at at the white house with republican senators. They must keep promise to america. Personally i prefer him to demand tax cuts soon. Thats what i would like to see but evidently hes going to talk to them about health care because there will be another bill, another vote, i should say, next monday on the senates version of Health Care Reform. Here we go. Its 10 seconds to go. Wednesday morning. You can hear them clapping and cheering. Nasdaq in the big board. We are going to open ever so slightly higher. Here we go. Up we go. Oh, oh, oh, down 5, down 2. Down 5, come on, come on. [laughter] stuart the lost that you saw is ibm. Its a dow stock, bottom right hand corner, way, way down. Thats dragging the overall market, the dow industrials is down. Ibm accounts 30 points of lose for the dow industrial. If it werent for ibm, we would be up 40. Take a look at the fabulous five, check them every single day. Look at them go. Facebook is up 3 bucks, is that todays quote . Yes, t got to be. Ashley yeah. Stuart facebook up three bucks, look at amazon, 14 higher, microsoft, i own some, 73. 30. Alphabet also nope as known as google. The big 5. All time high for facebook. Yeah, 163. 83, thats the alltime high. Just hit it right there. Who is with me to go through fabulous fife . Youre on camera. Welcome back, longtime no see. The fabulous five. I think they are immuifn to immune to politics. What do you say . What they would love to see is repatriate some of that cash. Stuart they dent care. They can deploy it then. I agree with you, stuart, the underpinning of this market are these stocks that are bringing Everything Else with them. Stuart look at them go. Quickly after g. W. , the s p 500 tripled or quadrupled. The s p shot up. M a deals. Buybacks, dwi ends dividends went up. Amazon has gone to rumor to fact. They are now advertising, rumor to advertising a product in a matter of days. Is there any hope for blue apron, dr . Not in my portfolio. Amazon the moment that they came with the meal kits they call them, four or five soldout immediately. Everybody was on there. That is the worst news if youre blue apron. Stuart theyre a monster. I dent see how you oppose them. Absolutely. When you talk about fabulous five, theres a theme, its market dominance. Facebook and google are becoming a duopoly. Amazon doesnt dominate retail but sizable portion and dominates growth in retail and apple duopoly with samsung in samsung. Stuart all of them up to date. Ive got news from alpha get. Remember google glass coming back. Focused now on businesses, give me more on that. Businesses are picking up for applications inside their Companies Like boeing, ge, volkswagen, it didnt work with consumers, it was too geeky looking when you wore it, the joke was i dont spend enough time staring on my phone, so what theyre doing is if you use in corporate applications, if youre in manufacturing right there and you can broad cast what youre looking at to a colleague across the factory floor. Multiple applications in the corporate floor. Stuart in business, i can see it. For the consumer, it didnt work. China clamping down on whatsapp. Ashley by the way is globally probably the most messaging service unable now to send videos and photos within chien ea. China is clamping down. They have been taking away, shutting down sites that are popular in china. All leading to Party Congress in a couple of months what they would like to erase issues. Subscription base, you have to pay but something that facebook has talked about before offering, they have the articles area now on facebook. They are going full board. Amazon is going after Facebooks Instagram announcing yesterday. [laughter] 25. 4 of every man and children on the globe is on facebook, they will continue to monetize those eyeballs, one of the big five that im betting on. Stuart bottom four of the big five on your screens, alltime high, you have it right there. Thats where they are. Sinking, this is oldtech, sinking revenue at ibm. In fact, am i right, liz, they have gone down in revenues. 5 and a half years. You havent overseen a single quarter, its complicated, its expensive to use and you have to higher consultants to figure it out. Do we have those ads . Everybody has seen them. Tom watson talking to watson but apparently they have not recoup development costs. That is correct. They cannot recoup costs that they plow into it. Old stories lead to amazon, they are getting amazon by the public cloud. They are struggling to grow and proprior proprietary. Stuart ibm has been amazonned. It cant grow and thats why the stock is so cheap. Stuart netflix in record territory. Bank of america says it could go to 300 a share. Currently 182. Do you see that happening any time soon . 300 bucks in netflix . The next year and a half, two years, i would say no. However, i think it can grow there. They gave such guidance to the next quarter, stuart, it was almost unbelievable, additional half Million People over what analysts thought. They are doing lots of things right if they can get their costs down for production. But theres no evidence that they can. Theyre burning through mountains of free cash. Look, im down with all the tech names that you mentioned. Netflix gives me trouble because i cant see how they recount for the costs. Its not really transparent. I dont see people think they own all the shows that they make, they dont own them, an expensive business to run. Stuart markets, no selloff despite what happened with obamacare, we are up 9 points, 21,584. Morgan stanley is making money. The stock is up 3 . 46 bucks on morgan stanley. U. S. Bank corp. Making more loans, boosting profits. Week guidance from united continental, airline, its been a long year for them, has it not, back to 76 bucks a share, almost where they were when the dragging incident occurred. They went up to 80 and now to 76. People got a little ill in chipotle in virginia. The store is closed for now. They still have a problem with this . Structural systematic problem. You have Something Like e. Coli outbreak with one ingredient in one restaurant, that could be a flu. Multiple outbreaks and things around the country, the big miami with chipotle we source locally and we have hands on preparation in restaurant. Guess what, that works well when you have five restaurants, when you build it into a nationwide chain, the last thing you want the a lot of hands on in the restaurant and a lot of small farm sourcing because you dont get the same controls like other giants get. Stuart good chain. Expensive fix. Stuart 365 a shares on chipotle. Issue to raise here. President trump has invited all republican senators for lunch at the white house today. Now, what do you think hes going to say . Hes tweeted saying its going to be about obamacare and health care, i personally want him to pivot and beat them up over tax cuts. What do you think . Well, i believe he still wants that 2017 win on his agenda, i think hes going to be like a dog with the bone on become health care but the brighter side has to be to pivot to tax reform. Stuart theres going to be another vote on Health Care Reform on monday. Two days from now, key deadline, subsidy payment to stay in the obamacare exchange. The president said hes not going to do that, you can expect more insurers to leave those exchange, in fact, United Health had decent, an earnings beat and profit forecast because theyre exiting the exchanges. Stuart very interesting opening to the show. A lot of issues to discuss, big five Technology Companies, thank you to dj and jack, gentlemen, thank you so much for joining us. Modest gain for the dow. Theres a new push by Property Developers in a few big cities make open consumption of alcohol legal again. We have details on that for you. Now, im about to read you some tweets from Country Music legend Charlie Daniels about washington, d. C. And the senate. Here we go. Okay, the congress and senate we have cant Work Together and have proven it. Solution, replace them all until we find people who can. Thats Charlie Daniels, the senate is not a political body, its a kindergarten class. [laughter] stuart sympathy from our viewers. [laughter] just like the people who own them, every business is different. But every one of those businesses will need legal help as they age and grow. Whether it be with customer contracts, agreements to lease a space or protecting your work. Legalzooms network of attorneys can help you, every step of the way. So you can focus on what you do and well handle the legal stuff that comes up along the way. Legalzoom. Legal help is here. Stuart six points, four points higher for the dow industrial. Then we have google rolling out its own version of Facebook News feed. Come in, nicole, because i want to hear more about the latest battle. Nicole has original title. The google feed stock is higher, everybody is spending so much time on facebook and the feed and instagram, they want your attention. This is going to be personalized, on the front page and its going to have your hobbies, food, travel, all kinds of topics that may be of interest to you. They know this from your prior searches, less about your friends, its not a social network but this is an attempt by google in order to grab you away from facebook. We know that google map and the chrome browser have done well but maybe even direct you to use youtube. High hopes for google. Stuart facebook hit another record high, how about that . Nicole, very much, indeed. Property develop nester some businesses are pushing for open drinking, open consumption of alcohol on some city streets, you better explain it. If you continue beat them, crack open a cold one. Whats happening is they are trying new tactics, these are the brick and Mortar Stores to try and keep customers and part of the deal is theyve added restaurants, theyve added entertainment, now they are saying that the creation of video is very good, people can wander from store to store, retailer to retailer with open container and its working, they have tried this in georgia and they have seen sales increase. I was looking at zoning boards in georgia, alabama, texas and iowa have allowed ordinances to allow people to walk around with alcohol in the streets. Open containers really do lead to open wallets if youre going to shop somewhere. Stuart encouragement to buy. [laughter] stuart lets get serious, an article on the week publication, they call this congress the most unproductive in 164 years, both obama and bush passed consequential legislation by this point in their first terms. Look who is here, congressman lou gohmert, republican from the great state of texas. People who voted for the Republican Party feel betrayed. They feel that the Republican Party has failed them, not you in the freedom caucus, not the moderates, the party as a whole, they feel its failed. What do you say . Well, stuart, i feel the same way. I dont just feel their pain, i feel the same way. I mean, its unbelievable how many people, its everybody said, you put us in the majority, we will repeal obamacare, we will repeal obamacare, mcconnell himself said we will repeal and we got the chance and trump is leading the charge, hes helping us and whats happening, well, we just dont think we can get there. I love what the president is doing and hes going to have everyone of the senators there and i hope, stuart, the message is going to be, look, you all promised you would repeal it if you got the majority and you got it and you voted for repeal in the last congress and now i will sign it as soon as you vote to repeal it, you better not have been lie to go your constituents because youre going get a chance to vote to repeal and keep your promise and if you dont, whether he find somebody that will keep their promise. Stuart lets talk tax cuts because i think we have to do them both. I think we have to do them both. Stuart you have to get together, act as a governing party regardless of differences within the sure. Sure. Stuart is the Republican Party prepared to do this . I cant do this. I actually think that there are people in the Republican Party in this building im standing in who are not interested in seeing trump succeed and i tell you what, its not about trump succeeding, its about the American People succeeding because trump succeeds, so they have to put aside those things, if we can get tax code to 15 , jobs will explode in the country, we will get back manufacturing and all of the things we need and they will get reelected. They have got to put aside petty differences and their worries and squabbles. You said compromise, i will compromise on the Little Things but on the big things like actually repealing obamacare and getting something that saves lives, you know, we can repeal, we can compromise on the Little Things we have to repel and have to do tax reform, major cuts, we cant have little tweaks on the cut, they have to be major cuts, no compromise on that. Stuart we hear you lou gohmert. Check the dow 30. Lots of green. We are down 2 points from the dow. Theres a vibe, theres an energy in the Border Patrol thats never been there before in 20 years, the man who said that is next potsch you each drive a ford pickup, right . in unison russ, leland, gary yes. Gary i have a ford f150. Michael ive always been a ford guy. Potsch then i have a real treat for you today. Michael awesome. Potsch im going to show you a next generation pickup. Michael lets do this. Potsch this new truck now has a cornerstep built right into the bumper. Gary super cool. Potsch the bed is made of highstrength steel, which is less susceptible to punctures than aluminum. Jim aluminum is great for a lot of things, but maybe not the bed of a truck. Potsch and best of all, this new truck is actually gary all laughing oh my. Potsch the current chevy silverado. Gary im speechless. Gary this puts my ford truck to shame. James ill tell you, i might be a chevy guy now. laughing wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong insurance company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Stuart we have a 10point gain despite the Health Care Fail. 21,585. Now here is an area where the trump agenda is, indeed, working it seems like it. The Border Patrol union chief, he praises a quote, miraculous drop in illegal immigration under President Trump. He says things are different now. Here is the quote again, theres a vibe, theres an energy in the Border Patrol thats never been there before in 20 years that ive been in the patrol. Here is the man who said it, national Border Patrol council brandon. Greet to see you again. Thank you. Stuart we dont need a wall, do we . We do need a wall. Ounce of prevention is better than a pound of cure. Stuart the left will probably seize on your statement, youre right, there has been dramatic decline and a number of people apprehended at the border, a whole lot fewer of people are coming across the border. The left will pick up and say, you dont need a wall and we certainly dont need to pay for it with taxpayer money. You know thats what theyre going to say and they might win. The left has already picked up on that and they are saying that. Unfortunately they arent correct. You have to look to the future. We have to be prepared for whats going to come and if you look at how we are going to pay for it, you have to look at senators ted cruz, the ideas that hes come up with that are ingenuous. Stuart what is the decline in the arrests at the border, how big is that decline . Its over 50 . No president in modern history has overseen such a drop in Border Security and so when you look at this and you look Approval Ratings of President Trump, we have to ask, what questions are you asking because if you ask how hes doing on one of his major platforms which was illegal immigration, hes doing fantastic, so we need to get out there and we need to Start Talking about the things that he is, in fact, doing right and illegal immigration is one of them. Stuart he actually hasnt done all that much, hes just kind of threatened, we are going hope, thats what he said. Thats worked, thats worked. As long as we follow through with that, as long as the catch and release program ends, as long as theres a consequence, a proper sequence applied to violating u. S. Law, illegal immigration will continue on the downward spiral. Stuart it wasnt that hard, was it. Brandon, Border Patrol, thank you for joining us, sir, i appreciate it. Thank you. Stuart fastforward to 11 00 oclock hour, herman cain will join the company right before gop meeting, we will get his take. The european unionization of america, once the government gives something, you cant take it away and number three, politicians dont lead, they follow narrow selfinterest, learn more of that from me in the next hour think again. This is the new new york. 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. Stuart one, the europeanization of america. Two, once the government gives something, it can not be taken away. Three, poll technicians dont lead, they follow narrow selfinterest. Those are three themes on this program. All three are relevant to the obamacare debacle. Start from the top. Does anyone doubt that america is getting more and more like europe, and that obamacare was very much part of the europeanization process . Obamacare lives on. Thanks to the republicans. Does anyone doubt getting rid of unsustainable government giveaway is next to impossible look at vast expansion of medicaid under obamacare. It is out of control. Half of all births are paid for by medicaid. It is wildly expensive. When just a slowdown in its rate of growth is proposed even republicans shy away. Oh, no, you cant do that. What has been given can never be taken away. Last one, politicians, theyre not leaders. That is on very public display with health care. Witness those republicans who voted to kill obamacare when they were in opposition but now vote to keep it a alive now that they are the governing party. Truth is, that the gop is complicit, it is part of the left ward drift of our society. They have not reversed obamas trip down the european road, they have speeded up the journey. They have one last chance, cut taxes and grow the economy. And until you do that, youre just obamacare light. The second hour of Varney Company is about to begin. The door to bipartisanship is open right now, not with repeal but with an effort to i am positive the existing system. The door is open right now. Republican leadership only needs to walk through it. Stuart all right. Senate minority leader Chuck Schumer yesterday after the senate pulled the plug on the Health Care Bill. It is dead, it is gone. Celebrating failure. More on that in just a second i should say. First lets check your money, where are we, whats going on . Were up 28 points. The dow has recaptured the 21,600 level. S p and nasdaq, both at alltime record highs. Alltime highs also for some bigname it beings. Look at this. Amazon, facebook, microsoft, alibaba, new alltime highs every single one of them. Ibm however, old tech that is a drag on the dow. It reported another quarter of declining revenue, the 21st in suck something, over five years worth of declining revenue, not good. Morgan stanley, well, theyre making money, that stock is up nicely, a 3 gain there. Dont forget about oil, weve got the latest read on the supply and how much is in storage. That comes off in 28 minutes. That price of 46 bucks a barrel right now could change. The democrats are having a field day over the gop fail lure to pass reform and repeal of obamacare. Dnc chair tom perez releasing a statement. Here is the quote, republicans attempted to take away melt care from millions and failed twice, because the American People made their voices heard and overwhelmingly rejected this bill. Senator Bernie Sanders tweeted this, this is a great victory for the millions who stood up and fought back. I congratulate everyone for their hard work. Joining us now, marcia blackburn, republican from tennessee. Im sorry the democrats are quite rightly claiming victory. Are you prepared to accept republican defeat . Oh, not at all, and i think the democrats need to be a bit more measured in their response. I would not count the republican bill out and ive got to tell you, stu, we have to realize this isnt a tv show or a sitcom. This is real life. This is not going to be done on anybodys time frame, certainly not the mainstream media. And i think when the republicans go down to the white house today, visit with the president , that they will realize the importance of supporting President Trumps agenda. Stuart really . Do you think that, the lunch today, at the white house, all republican senators are invited, and the president has said he will push again for a vote, positive on health care. You think theyre all going to turn around, say okay, well vote yes, really . I dont think theyre all going to turn around. I think they will say this is what i want to see in this bill, these are the changes and my hope it is going to be kind of like what we call the family call. When you come to the table with your ideas to work out an issue, and republicans will sit there and work this through. They need to do this. People are suffering. I have constituents who are paying more than ever, some 25 or 30,000 with premiums and outofpocket expenses before the insurance even kicks in. This is unsustainable. Stuart does the party, the Republican Party, has it sunk in . Because, you know, this is a gross failure at the moment and youre looking at real trouble in next years elections . Has your position, as a ruling party, has it sunk in . In my opinion people realize the gravity of this, of meeting our promise, hitting those deliverables. Tax reform, the president s agenda of jobs. Of dealing with immigration. Of making certain that we get the Affordable Care act off the books so that people have the ability to move to patientcentered health care and have the ability to talk with their doctor. Not a bureaucrat, about what the health care should be. Stuart weve said, we must do this. For years. Stuart yeah, keep on saying it and we failed. At this point the Republican Party has failed. Youre saying it is now different. Really . No the house has passed their bill. The senate, were yet to see action in the senate. The commitment is there to do this. Its a down payment on health reform. Getting all of this off the books is going to be a twoyear process because youve got rules and regulations in addition to the statutes that are there. Stuart first you have got to vote yes, repeal it. You got it. That is exactly right. Stuart i hope, lets see if we get it. Marcia, thank you so much for joining us. Good to see you. Stuart give you a hard time always. Look at this. Germanys president Angela Merkel ruling out any limit on refugees coming into germany. She has a new interview out and here is what she says. As far as a upper limit is concerned, my position is clear, i will not accept it. We have to fight the cause of migration. And i believe, we can achieve what we want without any kind of cap. Joining us now, sebastian gorka, Deputy Assistant to President Trump. What is your reaction . I was really shocked to hear that because i thought Angela Merkel retreated she admitted she made a mistake opening the doors. Now she has gone back on that. I was surprised. How about you . Well, stuart the president expressed his concern in general with our european allies capacity to deal with the influx of immigrants from wartorn areas into the european continent. This is a surprise. What i always think about, imagine if you went home tonight, stuart, put a big yard sign outside of your house, you said, everybody welcome. You left the doors open. By the end of the week you would have no home left. There has to be a point which National Security and National Interests trumps the idea of limitless immigration. But this is an issue for our european colleagues to decide for themselves. Stuart yes, sir. At the top of this hour i issued forth with an editorial saying that america is increasingly being europeanized. That were bolting down that road to go towards the european model. Do you agree with that . I think there was a danger of that. I think that all changed on november the 8th. I think there is a very, very close connection between the brexit phenomena in the uk and similar sentiments across the continent, and also the victory of donald j. Trump during the election. There is this reassertion what i see as the peoples sovereignty, rejection of the establishment, we know better than you who elected us attitude. Yes, i think there was that danger but i think under president donald j. Trump we put a halt on the europeanization. Stuart okay. The vicechair of the u. S. Joint chiefs of staff says north korea doesnt have the accuracy to hit the u. S. With its missiles. Does this mean we should be a bit less worried about the noko threat . We should be concerned. We should be concerned well not talk about the specifics of what they can or can not do. We have seen a trend. They are constantly breaching all of the International Norms and requirements, resolutions incumbent upon them, whether Ballistic Missile testing, weapons of mass destruction or others. So they are escalating the situation and its a threat to the United States and our partners and our allies. Stuart sebastian gorka, always a pleasure. Thanks, stuart. Stuart appreciate it. Now this. From rumor to reality, amazon is already testing its new meal kit service. Tell me about it. Ashley up on the website, i dont have a amazon fresh password to see if it is there this morning however the slogan, we do the prep, you be the chef, they were advertising one at least ready to go meals yesterday. Stark parmesan fryes, snap peas, just like that delivered to your door. Youre right, what is really the story here talking about it. How that absolutely sunk blue aprons stock price last friday. Here we are three days later, it is already on the website. That is the power, the juggernaut effect of amazon. Stuart it is rumored on friday. It is fact on wednesday. Ashley done. Stuart thats amazon. Stuart how do you compete with that . Tough one. All right. The most streamed song of all time is now the current hit, how do you pronounce that . Stuart depspito, you can hear it in the background. It reached that mark six months after it was released. This is favorite of some of our production team. The single has been played almost 5 billion times across all streaming services. There it is. Say it again, what is the name again . Liz despactio. Stuart thank you very much. Slim on a treadmill. Most famous example of government waste. That was it. This years waste report is out. Well see if we have any examples that we can match shrimp on a treadmill. All time favorite. One congressman running for senate, is passionate about building the wall he is willing to shut the senate down to build it. Congressman mo brooks is with us next hour on Varney Company. Nah. Not gonna happen. Thats it. Im calling kohler about their walkin bath. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] mmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Call to save 500 off bath walls with your walkin bath or visit kohlerwalkinbath. Com for more info. Stuart maybe in the works a cable deal. The journal reports discovery is in talks to buy scripts. Discovery, they include deadliest catch, shark week, mythbusters. Crypts owns the food network, hgtv. The travel channel. Rosey odonnell backlash this morning, tweeting about a game, that lets players throw President Trump off a cliff. Lets not spend to long on this, ash. Ashley she tweets out lets push trump off a cliff again, playing off make America Great. If you play the game, push the space bar, falls down a cliff, a manhole, change the screen, false into various thing. Stuart i object to put this kind of thing on the air, except to show how the extreme left is is contemptuous of our president. Ashley Young Conservatives response to the post, violence is accepted form of dissent for liberals these days. That is very true. Stuart end of that won. Gave it 20 seconds. Lets move on. I say the collapse of the Gop Health Care bill shows were becoming a more socialized nation. Come in john allison, former ceo and president of cato institute. When i hear cato i think free markets, okay . I have to put it to you, the free market is losing ground. We free marketeers are losing. We cant get rid of obamacare. What say you . Unfortunately have to agree with you, stuart. People really want a free lunch. What they want with medical care is no limitation its on preexisting conditions and they do not want a mandate the at the same time. Which means you dont have insurance. Stuart we cant get rid of it, can we . That that is a real problem. Stuart the principle, once the government gives something it can not take it away. We are going down the european road. I dont see any end to this. You i dont see how free market people can win, do you . Well, i hope we can win over the intellectual argument when we show how free markets work, but were losing. Ironic, were making progress on Civil Liberties which is important to libertarians. On Economic Freedom were going in the wrong direction. Unfortunately trump really hasnt stopped that. Stuart you were formerly the ceo of bb t bank, a big bank. We wanted to ask you this about a new survey which says more investors are buying bank stocks than technology stocks. Thats news to us. Any idea why investors are buying bank stocks . Wealthy there is a combination that tech stocks are mighty high in terms of price to earnings multiples and banks have upside potential if we really do get some deregulation and normalization of Interest Rates and thats the issue. We are seeing some improvement on the regulatory front but it is not dramatic. We have some rise in Interest Rates. But those two factors could drive much healthier earnings froth in banks. Bank stocks, still in many cases are trading less than they were 10 years ago. They have got some upside potential. Stuart are you disappointed . Literally, what, six months ago, we all had dreams of getting rid of doddfrank, getting rid of obamacare, tax cuts all over the place, less rules, regulations red tape, build a wall. We havent got anything. Are you disappointed . I really am, stuart. Im very disappointed to tell you the truth. Im not ready to give up, but im very disappointed. The Republican Party is not what they purported to be. That is the dill almost ma. You dont have a majority of people that believe in free he markets. Theyre still in the minority. That is the problem we got. Stuart yes, sir. It is stuart it is very sad, isnt it. Here we are, we had such great hopes. Most of them dashed. Go ahead, last word. You know, stuart i was going to say so interesting, europe is doing so poorly and we want to emulate them. That is really a tragedy. Stuart what do you think i came here for . Im a reformed european. I see america get more socialist all the time. Drives me crazy. John allison, thanks for being honest with that. We like it. Thanks for being on the show. It is called the pig book. This is all about waste in government, 7 billion worth per year, this year. We found examples that will drive you crazy. You want to be driven crazy . Stay tuned. Were next on that one. These days families want to be connected 24 7. Thats why at comcast were continuing to make our services more reliable than ever. Like technology that can update itself. An advanced fibernetwork infrustructure. New, more Reliable Equipment for your home. And a new culture built around customer service. It all adds up to our most Reliable Network ever. One that keeps you connected to what matters most. Stuart we are holding on to modest gain. Look at that level, 211,586. Couple individual stocks for you. 21,586. Morgan stanley made more money than Goldman Sachs traders. That hurts goldman. U. S. Bancorp, customers took out more loans and the bank benefited from Interest Rate hikes. Weak guidance from united continental. A red arrow there, theyre down 4 . Tough year for united continental. The airline of course. Look at the stock price since the april dragging incident. It is actually up almost 7 . The 25th annual congressional pig book is out. It shows, one of the most wasteful spending in d. C. According to the pig book. 163 earmarks cost taxpayers 7 billion. Look who is here. Gerri willis with some more alarming examples. Number one. Aquatic plant control. You need 9 million for that, right. What theyre doing, theyre killing these noxious plants in the countrys waterways, rivers lakes. So you know stuart that is not wasteful. I have no problem with that. You got a problem with that . I thought you had a problem with that . Stuart no i do not. Number one. Your example is awful. You asked for it. Stuart i will pass judgment here. All right. Stuart next one. Do what im told. Stuart save american treasure. What is wrong with that. This will tick you off, my friend. This is really sponsoring businesses. Five million dollars, peaceally they sponsored a Center Mansion in old wesbury new york. This is business that houses weddings, conferences, one wedding would cost 86,000. We gave them 147,000. They have two weddings. Guess what . Stuart you got a point. Quick one, Eastwest Center in hawaii. Almost 6 million in the hawaii. The state Department Says please stop funding this. This kumbayah moment to get the east and west to talk to each other. Stuart i dont think theyre as good wasteful examples as shrimp on barbie. I mean, shrimp on a treadmill. Liz shrimp on a barbie. What are you thinking . Stuart gerri, thank you very much indeed. Coming up President Trump expected to have lunch with all 52 senators today. Charles hurt on that next hour. He is ready to vote on health care. Heritage action says anything less than repeal will be catastrophic for republicans. Im with that well be back. Stuart not bad, 18 points higher. 21,593 very close to 20 one six. Weekly oil inventories. Were about to get the number. This is how much oil we added to our storage or taken away from storage. It is important for the price of oil which in turn is important for the market. Do you have a number yet . Liz down 4. 73 Million Barrels down a drop. Stuart so we used it. Liz unexpected drop. Unexpected drop in distillates. That is why you see oil moving into the green. Stuart distillates, what does that mean . Is that gasoline or like Home Heating Oil . Liz Home Heating Oil. The trend for last 15 weeks or fourmonth has been down. You see Oil Moving Higher in trading. Stuart which means were using the stuff, that is why the price has gone up to 47. Liz thats correct. Stuart tell me, what was the gasoline . Four Million Barrels of gasoline taken out of the market or used in other words. That would imply a rise in gas prices. Liz these are bigger drawdowns in oil and gas than wall street expected. Stuart bottom line were using more energy . Liz correct,. Stuart got it. Do not forget the stock market and dont forget the fabulous five, look at them now, all of them up. Facebook, that is a record high, 164. Amazon, 1025, record high. Microsoft, 73. 67, record high. Alphabet awfully close to 1000 bucks a share. Apple at 151 a share. Still going strong. President trump tweeting about todays gop senators. I invited them all to lunch. Here is the tweet. I will have lunch at the white house today with republican senators concerning health care. They must keep their promise to america. Fox news contributor, Washington Times Political Columnist charles hurt joins us now. Good morning, stuart. Stuart what do you think the president will say to them . Do you think he will harange them and pound the table and. Do you think he will say that. I hope he water boards them and berates them. For seven years they repealed obamacare knowing full well president obama would never go along with it. When they finally get the chance to make good, finally repealing obamacare they flinched, cant get it done. Like the kid in the bar fight who is talking smack as long as his buddies are holding him back. As soon as his buddies let him go, suddenly he gets real quiet. Stuart i personally want to see the president urge a yes vote on Obamacare Repeal. I got that. But what i really want to see him pound the table on is tax cuts. He has to tell the republicans in the senate, this is your last chance. You let me down on this, you messed up the part and my presidency. I want to hear him say that. You and i talked about this. I think there is still a way forward for republicans even if they dont get Obamacare Repeal passed. Tax cuts, there is to excuse. They have no choice. They must get tax cuts done. It is also something that donald trump understands better than i think he understands health care. They must get that through. That is the linchpin for conservative, even more so than obamacare, specially if republicans, in 2018 election what are democrats going to run on . They will run on saying you, dont vote for republicans. They didnt fix our mess . I dont think that is much of a strategy for running on. I think democrats still face real possibility they will get punished as obamacare gets worse and worse and worse. Stuart okay. Now, we talked to senator john kennedy in our last hour about voting on a he repeal of obamacare. Roll that tape. Im ready to have this vote. I hope we repeal and well replace within two years. We move immediately to tax reform. 1. 4 growth in gdp is an embarassment. That is what we have now. Everybody up here ought to hide his head in a bag. It is embarrassing. Stuart you know, that is a forceful statement there. I want a vote. I dont have the right accent there, but i want a vote. That is what the senator is saying. Is there an outside chance that they will vote and will vote to repeal obamacare on monday . I think that there is an outside chance of it. Of course i think that would be a terrific idea. I think if you repeal obamacare, the markets will figure out all the rest. This business of doing twoyear delay, that is just sort of political, you know, throwing out shiny objects to distract people. I dont know what this twoyear deal is all about. If you want to repeal obamacare, please love it. Just repeal. Rip it out root and branch. And let the markets sort of sort it out. You know Insurance Companies offer Health Insurance because they make money at it. They have always made money at it. If you take out obamacare, theyre going to be able to make money at providing Health Insurance again. Stuart yep. We can go back later deal with some of the Little Things that, you know, that make that market a better, safer place but i mean, you know, obamacare is not working. Stuart i wish we could go together to the lunch at the white house. That would be great. Stuart hold on i would hold them down. Stuart hold on for a second, charles, i have more for you in just a moment. Bring in dan holler, Heritage Action for america Vice President. Dan, you and i have argued. I know youre laughing, i say on obamacare, something, anything is better than nothing. Well you got your way. We got nothing. Im not, im not happy. No, stuart. I have no idea what youre talking about. Our way wasnt nothing. The senate bill was not perfect, it had a lot of problems it wouldbe gun unraveling the damage caused by obamacare. That was a decent bill. It was a good first step. The senate should vote on it. Should precede and debate it. I have no idea what youre talking about. We want the exact same thing. Stuart i thought we argued in the past about the principle involved. That it must be a flatout absolute repeal of obamacare around do it now. That is what you you wanted. And i said okay, but give me the votes. Show me the votes. She me you got the votes because i want something on the books. Right now we got nothing. Well, i mean the fact is the Republican Party is tremendously divided over obamacare. They ran on, for seven years on repealing it, but apparently a lot of them misled their constituents and American People. The challenge how do you get 50 republican senators to agree to something, something that will begin, not totally, but begin the process of unraveling obamacare. They got close with revised senate Health Care Bill but they werent close enough. They need to get back to the table. Figure out a way forward on it. They need to figure out how to lower premiums, unravel damage and not move on and start bailing out obamacare. Stuart odds are we get nothing. I can liz a half dozen senators who will not say yes when the vote comes up, if it comes up on monday. I have four on the screen at moment. Rob portman, senator Shelley Moore capito, and senator lisa murkowski, susan collins, theyre saying no, not going to do the repeal thing. They havent got the votes. They didnt even want to do partial repeal and partial replace either. The moderate and liberal republicans in the Republican Party are torpedoing any hope that we have as a nation of undoing the damage caused by barack obama. They are a massive problem getting things done in this town. They need to understand that they are standing in the way of not only better Health Insurance but tax reform and whole host of other policies that republicans and President Trump campaigned on. Stuart this is a republican fail. They better not fail with tax cuts or else. I think were nodding in agreement on this. We actually agree on something, stuart. Amazing. Stuart incredible. Come back soon, dan, thank you very much for joining us. We do appreciate it. Thanks very much, dan. New poll Shows Majority of people believe the democrats, the Democratic Party that is stands for nothing except opposing President Trump. Charles is back with us. What is your reaction to that poll, charles hurt. Absolutely no surprise, especially when you think about how much time they spend talking about russia, russia this, russia that, everything about russia. All that, they love to invoke watergate when they talk about russia, remember watergate began with a crime. It began with a breakin, a twobit breakin led all the way over the years to the press den he system this russia thing begins with, we hate trump, and that is all we can say. Theyre going to come up with anything they can to sort of tie him to anything they can find that they think is nefarious. They think it is this russia thing. It is absolutely absurd. I think that hatred, as long as they focus on that, not coming up with a message, not defending themselves over the disaster that is obamacare, that they, they alone own and they, they alone rammed through congress when they had a moment of majority before they proceeded to lose, lose race, after race of a race, for six years after that, i think theyre going to be in real trouble. Stuart let me sum it up like this. Trouble for republicans, if they dont pass tax cuts, say hello to speaker nancy pelosi. Im out of time, charles. You dont have a chance to respond unfortunately. Worse than waterboarding. Charles hurt, thank you very much indeed. Now this, singer ed sheeran, one of the most popular celebrities on twitter. He temporarily deleted his account this week. Why did he do that. Liz speculation he appeared in cameo game of thrones, here is ed sheeran whether other musicians appeared on game of thrones and were not so obvious. Not sure whether he deleted his account temporarily over that. Here what he said about twitter. He doesnt like being trolled. Doesnt like the abuse on twitter. In the past i go on there, but nothing but people saying mean things. His twitter account is now back up. He is saying on his twitter account, i dont use it, go to my Instagram Account instead. Stuart some things are utterly beyond me. That is one of them. Thanks for the story, liz. Liz sure, anytime. Stuart one congressman running for the senate. He is so passionate about building trumps wall he is willing to shut down the senate to finance it. Congressman mo brooks is next. Next hour herman cain joins the program. Chipotle under fiberoptic for yet another Health Debacle at a virginia restaurant. Before he ran for president getting mixed up here. Herman cain is on at 11 00 hour. Well be right back. Ashley got it. Today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Ashley bill simon says amazon is becoming a beast. Roll tape. Stuart there is talk that amazon is the new walmart. Are they . Thats right. Theyre a total beast, stuart. They have been able to Gain Momentum i think really now place where people might be able to stop them is walmart. Two titans are going headtohead, blue apron example is good one. Blue apron is infancy. Ipod. Is really neat idea. Amazon sees it and want it. Trouble on the horizon. I joined the army in july of 98. Our 18 year old was in an accident. When i call usaa it was that voice asking me, is your daughter ok . Thats where i felt relief. Were the rivera family, and we will be with usaa for life. President trump promised a wall to keep us safe and to protect american jobs for american workers. But even some Establishment Republicans are blocking the way. Elect me to the senate, i will fight every spending bill that doesnt fund that wall. If i have to filibuster on the senate floor, i will read the King James Bible until the wall is funded. You know what . Washington could benefit from that. [laughter]. Stuart clip there from congressman mo brooks on his new campaign ad. He is running for the senate. He says, you fund that border wall or i will shut the senate down. Congressman mo brooks joins us now. First off, congressman, we heard from the Border Patrol people who tell us the number of illegal crossings coming into america from the border down by more than 50 . Do we really need a wall . Absolutely. I think it is wonderful that what President Trump is doing on national level, that the incentive for illegal aliens to come across our border has subsided. But that is transitory. A wall is longterm. At some point in time, President Trump will served his eight years out, no longer be president of the United States. We need that wall in place for the next barack obama type administration we can secure our borders, do the basic thing a country has to do, and that is the outline on the map, be able to he protect it. Stuart so youre pushing hard to get something done. Were very conscious of the moment with not getting anything done on obamacare. We havent yet gotten tax cuts. Youre prepared to take drastic action, shut down the senate, filibuster if you do not get the border wall funded . If imelected to the United States senate where i have the fill bus it capability that is absolutely right. By the way, thank you for playing that campaign ad. If people want to know, mo brooks for fat. Com. Mo brooks for senate. Com. Got to get that in. Right now im in the house of representatives. Stuart you have to go you through a primary contest to become the senatorial candidate. That is correct. Stuart the election will be next november . No. The election is only 27 days away. August the 15th. That is the republican primary. There are nine of us in the republican primary. The incumbent, luther strange, major ethical issues pushing him down. Judge roy moore, former Supreme Court justice and myself. We seem to be in the toptier of three. In alabama we have a runoff system. Top two make a runoff. There is another tier of six. Those are trying to percolate to the top tier but so far have been unsuccessful. Stuart is the wall your primary issue . Well its a big one because of the effect it has on american lives in so many different ways. If we can stop this huge surge of illegal alien labor into the United States of america, then those are Job Opportunities for americans. Plus you will have an increase in american wages brought about by decrease in the illegal alien labor supply. It affectses a lot of americans on different levels. Deficit and debt, that has to be up there. That is huge too. Stuart i have 20 seconds, would you tell us what you would like to hear from the the president if you were at the republican lunch at the white house today . I would like for him to detail the principles he will stand for for the remaining 3 1 2 years of his term and lets stick to it and get it done. Stuart bang some Heads Together to, please. Congressman mo brooks running for the senate we hear. Thank you. Stuart coming up, republican senators are about to board buses which will take them to the white house for lunch with the president. The president issued a tweet. He will push them, the republican senators on health care. Well be back. Stuart this is not a good day for republicans, voters gave them control of the house, senate, and white house an majority of state legislatures and governors to boot. They have failed to fix any part of mess we call obamacare. To say it is disappointment is understatement. The word betrayal is more apt. They promise the world and we got nothing. You can not portray yourself, republicans as party capable of government. The gop has failed. Well that was my take yesterday. I slammed the gop after the death of the Health Care Bill. I said they failed. Many of you really not happy with what i had to say. Well start with this comment from gary. Am i watching fox Business News or cnn bash trump and republicans . We have brian. He says, again, you are wrong. Passing something is not necessarily better, if it isnt any good. Last one from james. If you laid into mcconnell or ryan. 1 the time you blame trump for not leading we would have repealed obamacare and cut taxes months ago. You have turned into just another whiner about trump. Are you part of the swamp . That is a fair question. You know i think our viewers are taking me on because im saying something is better than nothing. Well you heard from me. What say you. Ashley i dont think you were taking on donald trump. I think you were taking on the Republican Party as a whole. The leadership in particular. Look, you always start off wanting 100 of everything, then you if you can get 70 , i think that is a great result. What is frustrating, what makes your comments ring true, surely, when youre in control of the house and senate and oval office you can agree on something. Doesnt have to be monumental. Get something done to have the appearance you can do it as a whole in the long run. Frustration they got nothing is absolutely ludicrous. Stuart lizzie . Liz i dont think you look swampy at all. You part of the swamp . Reagan said that, if you get 70 . Ashley yes. Liz republicans have not had total control of the government since 2006. I dont think they know what to do with it. Watch what obamacare did, 70, 70 he revisions to the obamacare. After the fact obama and democrats changed the law. That is not the law they set out with. 43 moves were made by obama himself. Your point is welltaken. Pass something, it will change. It will get changed after the fact. Ashley you have to agree on something. Stuart we got nothing. As of this morning obamacare remains alive. It is collapsing but still around our neck. Im right. Well be back. Stuart have you noticed the five Big Tech Companies seem immune from politics . No matter what happens in the swamp, their stock prices just keep going up. Apple, amazon, alphabet, microsoft, facebook. We have followed their rise. Theyre still going strong. Most of them at all very close to their highest stock price ever. Yesterday, the big fail on health care and this tech stocks went up some more. Why not . Silicon valley doesnt care whether obamacare is repealed. Theyre a rich bunch of companies and can easily comply with the obamacare mandates that hurt everybody else so much. Tax cuts, big tech doesnt care about that. Why should they . If the Corporate Tax rate stays sky high, theyll just keep their trillions overseas. And if individual tax rates stay sky high, executives will take their compensation in stock and delay the tax hit. And lets face it. The techies of Northern California are big contributors to democrats, so they dont care if the Republican Congress runs into trouble. There is one thing that can bring them down. Their own financial performance. Weak profits, slow growth, or a failed product, and that would hurt the stock. But politics . No, theyre immune. And thats another reason why they just keep on going up. The third hour of Varney Company about to begin. Stuart recognize that . Yes, jimi hendrix up a along the watch tower. We are watching the white house at this hour. We may see gop senators arriving there for lunch. Theyre having lunch with President Trump. He is expected to talk health reform. We would love to hear him talk about tax cuts. The lunch is at 12 30. We may see some movement from the bosses and the senators. And also happening this hour, we may see President Trump at the first meeting of the Advisory Commission on Election Integrity. May see that this hour. If he makes any remarks, you will hear them. Lets get to your money. Check the big board and the dow 30. Were up 23 points as we speak. Just a little shy of 21,600. And lots of green on the lefthand side of your screen. Investors focusing on profits of american corporations this week, not so much politics. Well, lets deal with politics for a second. Were joined now by a member of the house weighs and Means Committee, Congress Mike kelly. Republican from pennsylvania. Lets get right at it. And this is my opinion for what its worth. I think we will get tax cuts, but it will be a very slim down form of tax reform. Specifically, a cut in the Corporate Tax rate. I think thats all we do get. Youre on the committee. What say you . Well, i think at least Corporate Tax reform is important. But as you and i know, Corporate Tax reform is only about 10 or 11 of our total revenue im more concerned about Hardworking Taxpayers that are also looking for a tax cut. But just being a student of history, any type of tax reform questions w hes is going to come out of white house. Hes a president of action. He doesnt get this whole model up here. Neither do i. We do get to tax reform. The biggest part of tax reform, the white house is going to be reaching out. Its going to be something absolutely bipartisan, or were not going to get it done. Thats my feeling right now, and there may be members disagree with me. But ive watched it in the past. I know how it gets done. It gets done with a guy like president reagan or President Trump. We have to have a strong leader. Stuart are you comfortable with President Trump taking the lead . We just heard a couple of days ago that hes like a bomb storm, especially in the many had west telling his supporters this is why we need tax cuts. Are you comfortable with him taking that very strong leadership position . Absolutely because thats who he is. He is the guy of strength. Hes a high action guy, high energy guy. Thats the type of person that november the 8th, the American Voters went to. Not necessarily all republican voters, but the American People. Saying im tired of the status quo. I want to see somebody whos not a politician, who actually gets in there and gets things done. Im from the private sector also. I was never more energized than last year watching a man who understood how to win and say you know what . At the end of the day, weve got to win. And weve got to keep notching those wins and moving forward. Thats who this man, and i support him 100 . I want to see him get out there and see the temperature of American People of what they want to see done. Hes the guy to give them that answer. Stuart okay. Mr. Congressman, please, nudge along your fellow republicans and tell them get this done. Congressman, we appreciate you being with us, as always. No nudge, stuart. A big push. Stuart okay. Go for it. Push. Let me get back to my editorial at the top of the hour. When i said five Big Tech Companies do not care about health reform. Theyre immune from the growth agenda. Immune. Bear chief investment strategist. What do you say, bruce . I say theyre immune from politics. They dont care about it. What say you . Well, the markets really dont care about politics that much either. I mean, the markets really do best when you have political gridlock. But with that said, you know, those five companies are not desperate for tax reform, but theyre not indifferent either to the economy. So if we get tax reform and the economy gets a boost, and it includes repatrioting this overseas funds and a favorable tax level, i cant see why they wouldnt be happy about that, if not ecstatic. Are you like the rest of us looking at these five Technology Companies and just been amazed at how far theyve come and how much power and capital theyve acquired. Well, its not really unusual for a market to be led by a specific group of stocks. And it happens almost all the time. But the fact that the market has improved in the Second Quarter over what we saw in the first quarter, i think tells a story even better. I mean, the markets have done really well and thrived, actually, in an area where you have politics dominating the news. And i think thats really been a benefit. It has kept enthusiasm for the markets down. Markets typically top out at two things. Two things happen. One, if investors get extremely optimistic or two, Interest Rates are ratchet up rapidly. And neither of those is present in this example, so this market looks to me like its going to continue to do well. Stuart fascinating. By the way, you cant see this, bruce, but on the lefthand side of the screen, we have facebook at 165, amazon record high, 1,028, microsoft pushing towards 74, et cetera, et cetera. Right on target, bruce by thats. Thanks for joining us, sir. Appreciate it. Thank you. Stuart check the price of oil. Its a twoweek high following news this this morning that theres a lot less oil in storage. Were using a lot of it. Come on in, steven. A man who appears frequently on this program because hes often been right. Okay. I want you to be right about your prediction for gasoline. Because your prediction is that were about to see the cheapest gas since the 2005 summer; is that correct . Its the second cheapest. Stuart okay. Last year was the cheapest since 2005. So indeed, prices right now are averaging 2. 35 summer to date. The latest average by aaa is right around 2. 27, 2. 28. Given where crude oil prices are, and where theyre going to go, we could see another five or citizen cents price come out of that. Through august and the peak labor day. So certainly, were looking at very cheap prices. On a absolute basis, the absolute cheapest since 2005. And when you adjust for inflation, rarely has gasoline been cheaper than today. Stuart its a wonderful headline, steven. We like it. Quickly now, oil at 47 a barrel. Its been around this level for quite some time now. Do you see a breakout in either direction . Right now the narrative, stuart, is very bearish. Were looking at prices that continue to decline. Even though demand has been very high. On the other hand, we have production thats at a two and a half year high. The eia came out yesterday with their preliminary forecast that were going to see record production this month and next month as shell producers. And the producers are well hedged. Certainly the fundamentals are clearly bearish. But, stuart, i have to remind people that that is the narrative that we all know. So if we all know that that means has been priced in. Stuart, what has not been priced in is that the the debacle that is venezuela today. Stuart yes. That is the biggest known black san juan out there. So fundamentals in a vacuum left alone. Clearly, were looking at soft prices going into the end of the third quarter. One, big caveat longer term is if we see any sort of loss of exports coming out of venezuela. In the near term, stuart, what were seeing now with the spread action on products in both gasoline and diesel fuel that were seeing on the curve on the nymex. Clearly, there is growing concern with regard to the availability of on spec product through the end of the summer. So the overall general picture is still very bearish. But the two caveats for the bulls to hang on is the potential for the catastrophe in venezuela and the tightening. Stuart i tell you what im going to do. Im going to stick with your prediction of dirt cheap gas. Excellent. Stuart steven, thank you very much for joining us, sir. Thank you. Stuart we have special guest herman cane. Well talk everything to chipotle with that man. And President Trump has invited all republican senators to the white house today. Topic . Health reform, we hear. You think this is going to be a comfortable conversation, do you . I hope he talks tax cuts. At fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. Trump let obamacare fail. Were not going to own it. Im not going to own it. I can tell you, the republicans are not going to own it. Well let obamacare fail, and then the democrats are going to come to us, and theyll say how do we fix it . Or how do we come up with a new plan. Stuart thats a rather rosy view, isnt it . Just let it fail. Just over an hour from now, the president will meet with 51 gop senators, the 52 is john mccain, of course he wont be there. Theyre all having lunch at the white house. Listen to what senator kennedy said on this program this morning. Roll tape. Im ready to have this vote. I hope we repeal and say well replace within two years, and then we move immediately to tax reform. 1. 4 growth in gdp is an amazing. Thats what we have now. Everybody up here ought to have his head in a bag. Its embarrassing. You either like obamacare, or you dont. If you suddenly like it, then say it. Own it, and go back home and explain it to your constituents. Stuart all right. Senator, he wants the Republican Party to be the party of government, just do it. Vote. See where you are. Herb london is with us, with the london policy of research. Im going to hold you accountable, herb london. Are you sticking to the view that the very last minute, well get something on obamacare and something on tax cuts . Stuart varney is a very smart man, and he said something is better than nothing. Stuart yes. I agree with that 100 . My feeling is that the republicans have v got to do something. If not, this is a suicidal impulse on the part of the Republican Party. Stuart are you saying they will . They have to. Stuart not just they have to. No. No. I think they will do so. Hes going to sit down with these 51 senators and say, look, im telling you our future is very dependent on coming up with some kind of reform. Its not going to be 100 of what you want, but youre going to get 75 , 70 . But we must do something. Stuart you are assuming using the bully pulpit has them all in the room. That theyll put their high principles aside and vote to be governing party and get something done. Your assumption is that him using the bully pulpit will work . The reason i say that is because how would you like to be one of the poster boys whos very much opposed to any kind of reform of obamacare. Used by the Democratic Party in the next election saying see . This is the failure of the party. Not you and certainly not any of the others. Not mike lee, not any of the others. I assure you. Stuart i want to talk about venezuela. The opposition has called for nationwide strike and President Trump threatens economic sanctions. Now, what do you see as the endgame in that catastrophe . Well, the countrys a catastrophe. I mean, the only recalling that could really save venezuela is the venezuelans themselves, and thats to see opposition within the country. Oust madura and put some partisan in place. If you dont do that, then madura is going to be a basket case in the near future. Its very difficult to predict whats going to happen in venezuela. Stuart yeah, look, they have a lot of oil, they export a lot of it to america. If those exports are cut off, american frackers will take up yeah. I think thats right. I think thats right. But its certainly going to have an adverse effect in venezuela. Theres nothing in venezuela that you want to buy tomorrow. Theres only oil. Nothing else. Its not like you can say the venezuelans have a Software Product that we must have. No. So if venezuela doesnt have a oil industry, there will be nothing on the grocery shelves than nothing. Stuart its such a sad story. It was one of the richest countries. Thats right. Its an amazing story and how easily you can lose your place in the World Economic picture if you have the wrong policies. Thats why Bernie Sanders should take a look at venezuela. You want to see what socialism brings to the world . Venezuela is your example. Stuart we like your style. Thank you very much. I have to tell everyone. Any minute now, the first meeting of the president s Advisory Commission on Election Integrity is going to take place. We expect President Trump to make some remarks. I will bring them to you when he does. The important Commission Meets today. All right. Well also hear from attorney general Jeff Sessions, by the way, here to announce a policy change that will allow the government to cease Financial Assets before theyve been indicted or convicted. Were expected to hear from him around 11 30 this morning. And look at this, please. New jersey governor Chris Christie caught a foul ball at the mets cardinals game last night. However, after the catch, there was a round of booing. Youre going to hear it in a moment. Meta appetite control. Its your glass of willpower that helps keep cravings. Far, far away. Feel less hungry with the natural fiber in clinically. Proven meta appetite control. From metamucil. Get the ball. Lefthanded catch and act has been souvenir for Chris Christie. Are you kidding me . How about that. You just noticed him. Boy, are you hot, ill tell you. Nice to see him get from the beach here to the ballpark. Stuart oh, did you catch that snarky comment at the end there . Chris christie caught the foul ball. You saw it. He stands up a round of booing. Now, why were they booing . It has to do with the governors closure of state beaches over the july 4th weekend, and then he appeared on one of those closed beaches with his family that same weekend. Not popular, hence the boos. More headlines for you. Check this out. This is not a cottage in cape cod. No, far from it. Its an apartment in new york city. Part of the penthouse in east village. It includes two duplexes in the building below. The point is that whole apartment just went up for sale. The asking price is 3. 5 million. Liz of course. Stuart the brokers have 30 people lined up to see it. Different from buying it. This log cabin built in a land where little house on the prairie, its getting a makeover. She lived in the plot in independence, kansas in 1869. A lot of her writing is based on the time she spent there. The cabin, though, is 1977. The tv show became a hit. Its still popular, by the way, for fans of the show. 20,000 of them show up and visit each year. Liz i love that show. Stuart it was one of president reagans favorites, did you know that . Some live events in washington were watching for you. President trump, lunch with the senators, republican senators. Thats around 12 30 eastern. Before that, hes expected to make remarks the first meeting of the president s Advisory Commission on Election Integrity. And attorney general sessions about to announce new property seizure policy changes. A lot of that good stuff coming up on that. But first, check it out. Whos heading down the hall . Herman cane and judge liz awe. Stuart such good friends. Isnt that so cute . Theyre on their way to the studio. Watch out. Stuart its happening right now. The Justice Department attorney general Jeff Sessions announcing a policy change on property seizures. Well listen for any other news. Judge napolitano is here to comment on this policy change. You dont like it. Were also watching the white house. The president is supposed to make remarks, youre looking right now at Vice President pence. He is introducing the president where he will be just making brief remarks at the Advisory Commission on Election Integrity. Okay. Another live event that well be following for you next hour. President trump holds lunch a luncheon, sashed. With 51 republican senators. Theyre expected to talk health reform. I hope he talks tax cuts. Please. Check the billing board. The dow 30, lots of green on the lefthand side and the dow is up 22 points. Just a tad shy of the 21,600 mark. Take a look at the fabulous five. The big name Technology Companies. We follow them very closely. Theyre all not all, but a lot of them are at record highs. Facebook, 165. Amazon, 1,026. Microsoft, 73, 75. Alphabet, very close to 1,000 bucks. Apple holding little changed at 150 a share. Herman cane is with us. Former president ial candidate. Hes done a lot of things in this mans life. But hes with us this morning on Varney Company. We like the guy. Happy to be here, stuart. Stuart good man. You know a lot about finance. Say that those five Technology Companies are immune from politics. Politicians cant touch him. They dont care whether you get tax cuts. They dont care about obamacare. What say you . And the reason is their margins are so big, youre right. But tax cuts would give them more cash to grow. And i can tell you one thing about a big company. Theyre always thinking about growth. So it will be a positive advantage to them, and youre right. Politics and all those shenanigans that were witnessing in washington, d. C. They kind of go too bad. Lets keep on growing. Stuart have you ever seen anything like this before . Those five Companies Dominating everything. No. I mean, i can recall 20 or 30 years ago you would have some large companies. But not the dominance that these companies have. So i think youre absolutely right. Theyre almost immune to some of the setbacks that were witnessing politically. Stuart as you know, 51 senators on their way to the white house. Would you say they would chew them out . They need a good chewing out. Now, look, i dont know whether theres going to be any media in the room but, look, lets not screw this up. Thats how i would say it. But the other positive that comes out of this, face to face discussion sometimes helps to bridge relationship. Maybe they can handoff a solution to whats holding some of these people back. The four senators they said theyre going to vote no. Well, three of the four came from states that accepted the medicaid expansion. They think that theyre going to lose the money. So if its a matter of okay. Lets let you keep that money. Will that solve the problem . Maybe thats the kind of deal that can be broken. But the way they would have to do it is they would have to do the repeal and then pass up. Because if they dont, they have to go back to the six vote majority. Stuart its a possibility. Theyre going to vote yes or no on monday, i understand thats what the votes going to be. So its not out of the question. And let me tell you what the danger is for these senators. People are going to remember, and they are going to remember if they go back on what they did in i think it was 2015 because people like me stuart im sorry to interrupt you. The president just stepped to the microphone at the Advisory Committee on Election Integrity. Lets listen in. Trump mr. Vice president , distinguished guests, and members of the media. Im honored to welcome here today as the bipartisan president ial Advisory Commission on Election Integrity prepares to conduct its First Official meeting. Very, very important. This commission is tasked with the secret duty of upholding the integrity of the ballot box and the principle of one citizen, one vote. Every time voter fraud occurs, it cancels out the vote of a lawful citizen and undermines democracy. Cant let that happen. Any form of illegal or fraudulent voting, whether by noncitizens or the deceased, and any form of Voter Suppression or intimidation must be stopped. Im pleased that more than 30 states have already agreed to share the information with the commission, and the other states that information will be forthcoming. If any state does not want to share this information, one has to wonder what theyre worried about, and i ask the Vice President , i ask the commission. What are they worried about . Theres something. There always is. This issue is very important to me because throughout the campaign, and even after it, people would come up to me and express their concerns about voter inconsistencies and irregularities, which they saw. In some cases, having to do with very large numbers of people in certain states. All Public Officials have a profound responsibility to protect the integrity of the vote. We have no choice. We want to make America Great again, we have to protect the integrity of the vote and our voters. This is not a democrat or republican issue. Its an american issue. Its about the concern of so Many Americans that improper voting is taking place and canceling out the vote of lawful american citizens. That is why president Theodore Roosevelt once said it is the affair of every honest voter, wherever born, to see that no fraudulent voting is allowed anywhere. I want to thank Vice President pence for chairing the commission. I also want to thank kansas secretary of state chris for serving as vice chair. Going to be a lot of work. Theyre going to work very hard over a fairly short period of time. And i want to thank you both very much, chris, mike. Theres a Bipartisan Panel consisting of both republican and Democratic Leaders and experts on voter integrity. I would like to personally thank each of our Panel Members for serving, really do appreciate it. In addition to the chair and vice chair, this distinguished Bipartisan Panel includes indiana secretary of state connie lawson. Thank you. New hampshire secretary of state bill gardner. Thank you. Maine secretary of state matthew dunlap. Former ohio secretary of state ken blackwell. Election assistance commissioner cristy mccormick. Former Arkansas State representative david dunn. Thank you, david. Wood county, West Virginia clerk mark rhodes. Harris Foundation Senior fellow and manager of the election law reform initiative, a real expert hans von. President and general counsel of the republic interest legal foundation. Great group. Jay christian adams. And Jefferson County alabama probate judge allen king. Thank you. Thank you very much. Each of you has been entrusted with the great responsibility of helping to advance the cause of fair, honest, and lawful elections. Your work will help protect our democracy. This will be a very transparent process. Its going to be very open for everybody to see. You will approach this important task with a very open mind, and with no conclusions already drawn. You recall fairly and objectively follow the facts wherever they may lead. I look forward to the findings and recommendations your report will produce, and i share your report as soon as i can and as soon as possible with the American People. So the full truth will be known and exposed if necessary in the light of day. We call on every state to give full support and total cooperation in this effort. Most of them have really done brilliantly, and we appreciate it. And the rest, all of that information will be forthcoming. Thank you very much, mr. Vice president. Thank you, chris, and thank you. Panel, thank you very much. We appreciate it. You do a great job. Thank you. [applause] stuart all right. Thats the president s remarks just before the first meeting of the commission on electoral integrity. Herman canes with me. Herman, what that Commission Wants is voting patents, voting information from every state Electoral Commission so they can figure out if theres any fraud. I say that commission should get that information, and you . I say it should get that information, and heres why. Maybe legally they cant demand the information, judge. Hes over there laughing. I understand legally he cant demand it. But as a courtesy to the request of the president , they ought to cooperate. Now, if there are some restrictions on certain information that because of state law, that give, make that known. But basic information will help them determine how many dead people have been voting. How many illegal voting people have been voting. Thats all hes trying to do. And i really dont see anything wrong with that. Stuart well said. Well said, herman cane. I dont have time for you [laughter] i want your response to this. This is a very serious matter that attorney general Jeff Sessions is talking about. A policy change so that the Justice Department, the ag could cease property from alleged criminals before they had been convicted. I cant believe you would agree with that. No. Of course not. In some cases, theyve even been indicted. This is a profound violation of constitutional principles. In fact, he doesnt have the authority to do it because the trend in all the judicial cases is against that. Is to require more proof on the part of the government and require that it be done far later in the litigation. Basically, what they want to do is indite a whitecollar criminaltype person, cease all of his assets, including the assets that he would use to hire a lawyer, force him to go into the pool to use a public defender, where upon he will plead guilty. You know who used to do that . A guy named joe stalin. Stuart yeah, you dont like that because it l take money from lawyers. No, i dont like it because it ceases money out of due process. I have to agree with the judge on that. Stuart yeah, i do too. All right. Big cable deal may be in the works. The wall street journal reports that discovery is in talks to buy scripts. Discovery shows include deadliest catch, love it. Shark week, myt mythbusters, scripts owns the good network and travel channel and other networks. Chipotle down again. People getting sick at another restaurant. This one in virginia. Neurovirus is suspected. Godfather pizza, well ask him about chipotle in a moment. First, in 90 seconds, Nicole Petallides will reveal the most popular sport on instagram. Football, baseball, soccer. My guess is soccer. Stay right there for the true answer. Ys always been differen. Last year, he said he was going to dig a hole to china. At t is working with farmers to improve irrigation techniques. Remote moisture sensors use a Reliable Network to tell them when and where to water. So that farmers like ray can compete in big ways. China. Oh. He got there. Thats the power of and. Im Nicole Petallides with your fox business brief. Taking a look at a tech stock making an alltime high. And take a look at the instagram. Very popular on facebook, instagram. And what is the most popular sport . Not football, not basketball, its soccer. Yes, soccer, globally is number one. 146million of instagrams 700 million users. Plus, all World Football fans. You can see madrid, 159 million, barcelona, also. The soccer players, they have a huge amount of following. You can see they also have a huge following. Facebook since buying instagram is up over 330 since 2012. But its soccer, basketball, combat sports, action sports, football. Liberty mutual stood with me when this guy got a flat tire in the middle of the night. Hold on dad. Liberty did what . Yeah, Liberty Mutual 24hour roadside assistance helped him to fix his flat so he could get home safely. My dad says our insurance doesnt have that. Dont worry i know what a lug wrench is, dad. Is this a lug wrench . Maybe . You can leave worry behind when liberty stands with you™. Liberty stands with you™. Liberty mutual insurance. Stuart breaking news. This is interesting. Its by a radio interview given by speaker ryan. He said the house will start writing tax reform legislation this autumn. Okay . That directly critics mike kelly, whos on the house, weighs, and Means Committee earlier on this program said theyre doing it now. Theyre getting on with it. Liz but its similar what senator grassley told you is that theyre going to get it done by the end of the year. So both sides. Stuart we cant have this kind of delay, can we . No. One of the things thats top of mind with American People is tax simplification and tax reform. They ought to be working on it now, as some people have indicated. So i really dont understand what theyre going to write this autumn really means. I think were going to have to stay tuned. Stuart hes touring a sneaker factory in massachusetts today. We may hear from paul ryan a little bit later on. Sneaker factory in massachusetts. Liz why . Stuart i dont know why, but you might hear more about this. Maybe hes looking for some sneaker taxes. [laughter] stuart chipotle stock down again. People getting sick in a restaurant in virginia. Neurovirus suspected. Its not the first time at chipotle. The chain was hit by neurovirus and e. Coli outbreaks in 2015. Zayn is with us. Apple metro ceo. Hes in the Food Service Industry big time. Why does this keep happening . Well, you know, stuart, the thing that worries me most all the time is about that. So i would guess to some degree this is from employees and lack of engaged employees. We have a situation where whenever an employee goes to the restroom, hes to wash his hands and his timer is he has to sing god bless america. Then he knows hes finished washing. Until then, hes not. So chipotle is spoken wheel; right . So the wheel is chipotle corporate. Theyre not franchised. Im not advocating franchised, by the way. But theyre all corporately owned. But to keep control from that hub, from that wheel is really difficult. They have, i believe, well over 2,000 restaurants, 25,000 employees. Try controlling minimum wage people buy in large in terms of what their sanitation issues are. Stuart ive got you. Tough job. Herman cane with us, you used to run, the ceo i believe of godfather pizza. Yes. Stuart youre in that business. Yes. Stuart why does this keep happening . I was also on the board of the National Restaurant association, and i was also the president of the National Restaurant association. And we started a program in the 90s called serve safe. And if you make food safety part of your culture, then you minimize these kinds of incidents. You may not totally eliminate them, but you minimize them, and i agree. You have to really enforce it and make sure that it becomes part of the culture. So maybe its not part of the culture, and some people slip through the cracks. Or, herman, it is, its the engaged employees. The employee needs to buy in. You can have any culture you want if hes on the perimeter of that culture, it doesnt matter. And it only takes one. It only takes one. It only takes one. Stuart outside this debate, but i would like to see the irradiation of food. Well, that would be exactly contrary to chipotles mantra, which is organic naturallygrown food. So you would have to start a new concept, stuart. Stuart i want to get you on the record, zayn. Because last time you were on the show, your appearance caused confute a stir. It did. Stuart somehow the media got the idea that you fired 1,000 employees. Right. Stuart because of a rising minimum wage. Correct. Stuart thats not true. Not at all. In our space, theres just a natural turnover. In fact, in the Restaurant Industry, 100 turn overannualized is pretty good. In the fast food, its 200 . So we are about 80 . There are people in college, theyre people that are starting second careers. Its not because they dont want to be here. But this funds them to move forward. If you dont replace these people as they spin out to go into other directions, you can reduce your labor force very quickly by attrition. We fired no one. No one. And i say this on air, and i hope youre all watching. Stuart they went to town on you. Oh, they did. They about blew up my cell phone. How they get my cell phone, i dont know. And theyre on my email, and they love me, you know . Stuart oh, i bet they do. Hold on one second. I have to get to this. The nra calling out the Washington Post for fake news. Theres a story for you. And well be back with it. Today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Heres a suggestion to the Washington Post. Dont worry about how many guns are in our videos. Worry about how many facts are in your articles because if gun owners abused our Second Amendment the way you abuse your paper and the first amendment, our rights would have been taken away long ago. You people do more to damage our country with a keyboard than every nra member combined has ever done with a firearm. Your papers new slogan may read democracy dies in darkness. It should say journalism dies at the Washington Post. Stuart whoa. Direct aim. Herman kays with us. I just youre an nra guy, arent you not . I am. Stuart what do you make of that . I like the commercial. Stuart i knew you would. I dont see anything wrong with it. And we know that the Washington Post has been outspoken about their bias against the nra, bias against the trump administration, so i like the ad. It helps to make people aware. Stuart forceful. I like it. Stuart now, wall street got another food service guy with us. His name is zayn, he runs 40 odd applebees in the new york area. I want to talk to you about amazon and blue apron. Sure. Stuart last friday, there was the hint, the rumor that amazon was going to start a Delivery Service for meal kits. Today, its a reality and blue apron has gone all the way down to 6 bucks a share. How do you compete with amazon . Well, its indicative of our space. If i find a site thats a great site, and someone opens right alongside of me, brick and mortar, and then somebody opens on the other side of me, all of a sudden 100 of my market share becomes one third. I have a guy on my left, a guy on my right, and me. And thats just indicative of our space. The Restaurant Industry is extremely competitive. Its a bit under water these days because of the competitive nature, and welcome to the Restaurant Industry. Stuart yeah, really. Welcome aboard. Were going to show you the bus, i think. Weve got the picture there of the bus that some senators will be headed to the white house. Theyre getting onboard that bus as we speak. Cant quite identify them, and im getting seasick from that camera shot, but nonetheless, theyre heading to the white house. Well cover it for you back after this. Stuart back to the bus. We have a more steady camera shot. Ive taken my dramamine. That bus will take republican senators from where they are now to lunch at the white house. They will be addressed by President Trump. I sincerely hope he lays down the law and says, you get me a tax cut or else. I hope that is what he says. He probably wont. Were almost end of the show. I want to thank sank tankel, herman cain and ash and liz. We have five seconds left. My five seconds, neil. It is yours. Neil okay. You know by the way this whole bus thing and then pizza, shouldnt he have been doing this last week . Yes. Stuart are you critical of our president or Republican Party . Neil i would say both. I would say both. They dropped ball on this. Well see. Pizza can solve a lot of problems. Pizza is italian specialty, stuart, as is cheese and well get to that later on. Stuart i thought you were the cannoli guy . Neil you can have both my friend. Everything in moderation. But i dont want to go on about that. Meantime we are watching this busloading up here with senators. Theyre on their way to the white house as stuart indicated here