Military response if we or allies are threatened. The deferred action for childhood arrival Daca Dreamers looks like they get a six month reprieve while congress sorts out a solution. The swamp, there are a lot on its plate with a 7 billion downturn and debate on a budget plus a debt ceiling deal and attaching bigger harvey is request to that debt ceiling. All of this and a 12day period when the house and senate are in session together. Like do you think in here comes irma now a category fife tomorrow on track to arrive florida declared an emergency in all county website the message is clear, be prepared. Well harvey is gone but theres a lot of south texas thats still waterlogged parts of houston still throeded. And about a new estimate suggest that up to 300,000 homes suffered damage. U now, with all of that, you might expect a harkt selloff. Stay right there. Well show you whats happening to your money. Varney and company is about to begin. Here we go. Were going to be down at the opening bell you you know with all of these crises occurring all oh the place you might have expected a bigger selloff down 60 points thats all. Were still is a couple of hundred points away from the all time record high heres whering action son the market gold thats a one year high i think, at 1336 up another five becomes that is all about north korea. The price of oil this morning, hardly changed still around the 40. Actually up a buck now a 48 dollars barrel. But the real action in energy is at the pump where youre paying a lot more. Average price for gas nationwide is now 2. 65 thats up roughly 30 cent this is a week. Increase, increase, however, thats slowing down. It was only up one cent overnight wholesale is down yesterday down again teatdz and by the way big pipeline set to reopen today so the spike may be just short lived. U now we have a tweet from president first thing this morning it is this this part, big week coming up. Actually that was the entirety of his tweet this morning. Hes turning his focus to tax cuts, of course, and joining us is fox news contradict tore James Freeman you think that president is going to win this one. Dont you . Yeah, i think because i think republicans in congress understand they have to get this done. If they just save themselves politically if they want to get reelected next year, one, they have to have an achievement and they have to have a faster growing economy despite senator mccain saying that the president is pourly informed that hes i forget other word he was hostile and critical and a lot of other senators are critical and hostile too. So mccain is always unreliable volt on these kind of issues, obviously, he bares something of a grudge against President Trump, and really who can blame him for the president s comments about him during the campaign. So i think mccain is just a fact you have to deal and understand, and theyve known that for a long time you still got to get the 51 votes. Now on our program last week theres gary for the tax cuts within the white house. Listen to what he said when i asked him if the president s main focus is tax cuts for the middle class. Watch this. With the president spend his time on and what weve been working on in the white house is a middle class tax cut he talked about simplifying tax system, and he talked about get thing rid of loopholes middle class doesnt take advantage of the loopholes wealthy take advantage of the loop hopes so he talks about getting rid of loopholes hes talking about areas with a wealthy have used the tax code to their advantage to lower their taxes while the middle class does not have the advantage to take daughter of those loopholes. Detail, he suggest that maybe theyll get rid of that deduction for state and local income taxes, at the state level. Thats a huge hit on the rich. Yeah. That would be fun. But im not sure why so many people on wall street think gary cone is the key to progrowth tax reform here. I think good one. Should get rid of that state and local deduction thats good. By all means cutting into middle class taxes but the priority has got to be growth, and so its a cut in that corporate rate which is where you get more jobs. You get more by companyies in the United States so thats how you get job creation and remember be creful the reason you want to cut rates across thed board is, if you cut middle class rates thats wonderful but if you keep the much higher, high end you have a situation where people, become more successful they have a huge tax increase. As they get to a higher income level it is bad for incentives for growth. You want people to be encouraged to earn more. Let me summarize it like this, what had were being told is that there will be a middle class tax cut but wont be a tax cut for weament people therefore will not be that stimulative of the economy all of that is accurate . Again, nothing wrong with middle class tax cut but the bottom line is got to be groat. I think they awlgt to cut rates. Cut corporate rate and dont worry if hes got a message for the big six today the president ought to be saying, dont try to solve all of the problem ares of the u. S. Tax koatd. We have a few week this is year to get this done, we can come back 2019 if theres more to do. Got more shortly attorney general Jeff Sessions hes going to make an announcement this morning about program that protects i think 8h,000 illegals who arrived here as youngsters protect them from deportation. All rise hes back judge Andrew Napolitano. It appears that look younger than last time i saw you. [laughter] this is way we understand it but with a six month delay this is what the constitution requires isnt it . It is. We know that because the fifth Circuit Court of appeals ruled that president obamas 12 executive orders setting out procedures through which young people have to go in order to forestall deportation were unconstitutional because only the congress can right rules like that. Now, president obama reduced this to writing, but by in reducing it to writing, he was doing the same thing that every one of his predecessors going back to Ronald Reagan can did. They just didnt reduce it to writing which made it easier for somebody to challenge it. Even donald trump as we speak is following daca. Where did you stands on this . I say at the end of the day those 8 had 00,000 people youngster most of them will stay and im happy about that. How about you . I fully agree with you but morally, legally economically catastrophic to send it a country where most of them have no memory of having been 800,000 young people theyre students. Theyre Young Professionals theyre not the type of criminals that the president railed against when he was, when he was candidate trump. I think he can win points by encouraging the congress to do its duty and write the laws in such a way that these people can stay here. Gliewrt we agree on this. We do. Happy had tuesday. You must have had a wonderful vacation. Let me tell ya. I know well agree on glee in london. Get to that in a second stay there. Does freeman want to come back on this show because he said there should be no Tax Deduction for state and local taxes i heard you gasp. I want the latest on harvey i have to tell you parts of houston are still flood in part because of the release from quarter from reservoirs. Jeff flock is near the reservoir youre heading to check on a couple which refuses to leave their home i think, there . A young couple we met last week said think werent going to leave look at this water ten days out from the hit had of of the hurricane and look at this water this is stuff that didnt flood during initial flooding but it flooded because of the reservoir and this is the house well theyve got curtains drawn up now. Can you see that david. Thats why they have been held up they finished renovating that house a young couple they said weve got water. Were going to stay everybody else many this neighborhood stewart is out as you can see this water is way up. Heres the headline two headlines one they say this flood water will stay up they think until october. And two, most of these houses do not have Flood Insurance because it is never flooded here before. Whos going to pick up that tab . All right jeff back off briefly wheel you see whats happened to that couple and had many touch with you a bit later in the program. Good stuff jeff flock as usual. Got it. Britains royal family is expanding. The duke and dutchess of cam bring expecting another child silence ashley. It is for the judge yes. Fouryearold jog twoyearold charlotte will have another sibling and who will be fifth in line to the throne by the way which bumps harry down again and again and again to harry if you care, judge who is rolling his eyes his bumped down but this will be the queens sixth great grandchild thats quite an achievement. Youve got ten achievement for whom . Youve got ten more. Having a baby. Ten more seconds to state not only a royal family broking but the welfare state is growing. [laughter] thats all this is is welfare on the grandest of scales and you know it. I wonder what proportion is on your are side . Vast majorities of people who are concerned about the value of the dollar. Rubbish as we would say. By the royals another 30 seconds. [laughter] arent you glad im back . How do you complain fascination with the royals . That is one argument in favor of the continued existence of this useless medieval institution that it is [laughter] it is a tourist draw. Much like the tower of london where beheaded is the tourist trough. Dges now youre done. Just kidding. [laughter] thank you judge. See you later. You might. [laughter] were going to be down to opening bell but not as much as you might expect. North korea et cetera, political turmoil running down 60 odd o points thats it. Now, this, i love this had one. J. J. Watts star on Houston Texans a star off the field as well already raised what nearly 20 Million Dollars for hurricane victims. Harvey spent his weekend handing out foods and supplies, mow by the way, there is a push to name the a street in houston after him. All right. North korea claiming to have successfully tested a Hydrogen BombBiggest Nuclear test to date. Defense secretary of sate is with a military response heres the question if north korea test another missile are we ready to shoot it down or what happens if we do . More varney after this. Rethink whats possible. Rethink your allergy pills. Flonase sensimist allergy relief helps block 6 key inflammatory substances with a gentle mist. Most allergy pills only block one. And 6 is greater than one. Flonase sensimist. North korea explodes what they say is a Hydrogen Bomb listen to away when defense secretary hat had ties had to say about a possible military response. Roll tape. We made clear to defend ourselves and south korea, and japan from any attack in our commitments among the ally our ironclad any threat to the United States or territories including guam, or our allies will be met with a massive military sons, a response, quote, effective and overwhelming. Chair of the American Defense international is with us. Van, Defense Military mattis tucked about a threat if they launch we have to shoot it down and what happened if we do . It depends whats on that missile and where stuart we will not know. It depends what kind of intelligence this president has thats why ive been advocate for this president having intel available that includes open Source Intelligence, give an example. All of the Mainstream Media saying this nuclear test this Hydrogen Test this weekend was this first Hydrogen Bomb test of north korea. Stuart i believe it was the second go back to january the sixth of 2016, we detected a 5. 2 magnitude that nation and Defense Agency thought it was a Hydrogen Test, the north korean said it was the Obama Administration quickly came out and it wasnt because it didnt fit their narrative because yes iranians were on the ground and right now on the ground in north korea right now. We cant just let them keep launching missiles with no response from us. We have said its a threat. Well deal with that threat. We cant let them launch another one and just let them launch it. I mean, were theres a clash coming here and clash occur when is the necks one is launched, surely are we in a position to shoot it down . Ier. And were at the end and now is time to play all of the cards were holding. A lot is happening i believe for example underradar in north korea. We know that people were starving there and hunger but stuart is right now today, their Crop Production is onethird less than what it have this time last year and having trouble feeding their own army. Theres listen to this kim jongun now hired ten agents to train his body guards. Hes feeling a little insecure right now we need to do what we can to exasperate that situation there on the ground. How about this President Trump just tweeting this morning he says, im allowing japan and south korea to buy be a substantially increased amount of highly sphis sophisticated military equipment from the United States can you ever see the day coming van when america, japan, south korea, and maybe even china launches an observancive a military offense against south, north korea and its miss had implacements. Putting pressure on china what hes doing now talking about actually not only going after north korea. But those country who is trade with north korea i. E. China i think it is tile to go for the chinese banks they have gotten off and laundering money to iranian one suggestion that i like is to declare them as International MoneyLaundering Organization under patriot act and feel serious economic pain there. Stuart big day that im looking to and concerned about is september the 9th. That is their fourth of july north korea. And open Source Intelligence is telling us that there may be a joint iran north korea test of that joint iran, north korean militarized knew u clear warhead on icbm or may be submarine launch. So september 9th is the date im most concerned about. Well keep that in mind. Thank you for joining us well informed thank you, sir. Ive got remarkable video for you from houston. A fleet of monster truck ares massive clearance basically thats what youre talking about driving straight through the flood waters to rescue stranded residents and talk with the guy who had a plan to use o trks as rescue vehicles. They worked. Meanwhile hurricane had irma, and gaining strength in the caribbean, just upgraded to a category 5 storm. Could make landfall in florida this week. Janice dean has the latest after this. 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. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of fast food is being changed by faster networks. Data, applications, customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. Stuart Hurricane Irma is now a category 5 storm. Puerto rico and florida are in its path. By the way, both declared states of emergency janice dean come on. You told us all about harvey you have it dead right tell us all about irma had. Strongest hurricane that we have seen in the Atlantic Basin in a decade and at pits peek hurricane had katrina was at 175 miles per hour. Which is what irma is right now. Category 5 storm im concerned for you puerto rico as well we could see the potential for some effects to be felt in cuba, but theres the line that were watching however, if you live north of this cone south of the cone i still immediate you to be paying close attention. Waters are warm here stuart. Still looking at a potential category five storm within next 24 to 48 hours and then it might weaken depending on how much land interaction we have but computer model in good agreement to friday are bahamas welcome south florida, keys paying close attention and then, will i