Trump growth agenda. One more number for you, please. This rally has added 4,856,000,000,000 to the nations wealth since the election. Got it. Today the president travels to puerto rico. He will see firsthand the recovery effort. Personal insults coming in from the left. This opinion piece appears in todays New York Times. Quote an unfit president fails puerto rico. The writer, michelle goldberg, calls the president one of the worst people and a nasty show biz huckster. Well, on his trip today the president is not scheduled to meet the mayor of san juan who criticized him as a sexist, but he will be pledging billions more in aid. You want to know how your personal information and that of 145 million other americans was stolen from equifax . Stay tuned. Their guy will take the heat today. Itll be political theater. The lawyers will be watching. Can you say class action suit . Where they get the money and you get nothing. All right, everyone. No, we have not forgotten the outrage in las vegas. Were going to take you there in a moment. Varney company is about to begin. Stuart i want to get right to las vegas. There is still no clear reason why Stephen Paddock killed 59 people and injured 527 others. No motivation known at this point. On the scene is jeff flock. Jeff, its a somber, subdued las vegas this morning, i take it . Reporter most of it, yes. Althoughyou look down the strip, stuart, i tell ya, some of it looks like nothing ever happened on the end of the strip that is just to the other side of where we stand here. But the mandalay bay, as you see behind me, and the venue where all of this took place. And youre right, youve got the headline exactly right. Weve learned a lot more about Stephen Paddock, 64 years old, retiree, fairly well heeled, a guy who had what some would consider the ideal life, had money and time to spend it. But it was another side, and thats what investigators are probing now, and they have learned nothing that would shed light and make any sense of what took place here. Whats going on behind me right now . Ill give you the headline on that too. That is, occasionally you will see an ambulance emerge from the scene behind me, that e means they are bringing more bodies out. They have much more work to do. Well be watching it all morning, stuart. Stuart jeff flock, thank you very much, indeed. Still bringing the bodies out, extraordinary. Jeff; thank you. We will be back to you. I e find this we dont know the motivation, cant put our fingers on the motivation for this outrage just the other night. Thats more frightening it really is. No military background, no political, religious affiliations. By all accounts was, to jeffs point, was a multimillionaire, property owner, gambled a lot, was a big gambler, for sure, but no indication that this was in his personality. And Law Enforcement found what are called bump stock devices meaning devices that can turn guns into automatic weapons. They can be gotten for you can buy them, rather, for 50 online. So this adds to the outrage of what happened and this disgrace that happened in las vegas. Stuart it is, its i think youre using the right word. Too many people call it a tragedy. In some respects, yes, it is a tragedy, but it is a flat out outrage, and we should be pounding the table about this. Hotels, again this is las vegas, theyre taking a second look at security after the shooting. Wynn is now checking suitcases using wands on arriving guests. Come on in, bob massi, fox news legal analyst and a longtime vegas resident whats your reaction to this idea that some hotels are getting into here of checking luggage as you come through the door . It seems like it could become oppressive already people. I think its sort of like the airports where you realize its become a way of life, stuart. And the questions going to be is this really what the futures going to be not only in las vegas, but all over the country or maybe all over the world. I was talking to jeff before, different parts of world hes been in, you have to go through metal detectors. Whether this is going to be a reaction to this outrageous massacre, yes, it could be, but the publics going to be tough on it because they may not want to go through this. Theres going to be an economic discussion also. Stuart its a logistical nightmare as well, i suspect. I want your opinion on the gun control debate which started within hours of this outrage. Whats your take on that . Well, you know, when i started hearing Hillary Clinton and these other people saying it, i mean, obviously, when you live in a city where this type of thing happens, the last thing you want to talk about is gun control, particularly when she started talking about making, putting a silencer on and saying that the nra wants to do that. There just isnt time for it. Ive always believed that bad people will get guns, evil people will find the kind of guns that they want because theres a huge black market out there. But they start politicizing this, stuart, at a time when were not even were just about 24 hours occupant of it. Makes absolutely no sense to me and most people that are of even those people who, in fact, are against the second amendment, i think, say lets could we just take a deep breath on this massacre that people are dealing with in this country right now. Stuart well said. Bob massi in las vegas, thank you very much, indeed, bob. We will see you again real soon. Thank you, sir. Lets get to your money, the markets. Look at futures. Were going to be up at the opening bell. Remember, please, any gain will mean another record high. Im going to say it again, were not that far from dow 23,000. All right, how about tesla . This is a premarket quote for you. The company fell short of its plan to produce 1500 model 3s over the summer. It only actually made 260. It blames a production bottleneck. Teslas down to 335 this morning. And this is something i dont get. General motors, they plan 20 allelectric models by the year 2023, and the stock zoomed to 42 a share. What is this, liz . S this is what gm is seeing, they see a future in robot taxis. In other words, cities that will have dedicated lanes for robot taxis. They want to own that market and watch this, they are working hard and fast to own the space in Hydrogen Fuel batteries and Hydrogen Fuel cells. The u. S. Army is working on it, gm is working with honda on it. Gm is saying theyre ready to launch Hydrogen Fuel cells as well. Whats interesting is theyre doubling down on this when all their fronts are being generated right now by huge suvs and pickup trucks. [laughter] stuart exactly. Fascinating that they really believe in this. So does volkswagen, toyota, jaguar, so does rolls royce, a number of major Car Manufacturers are saying electric. Stuart i see that. And i admire the pr view of the futuristic company, i just dont see it being with all electric. We dont. Stuart heres whats coming up next hour, equifaxs former ceo is going to be grilled about that data breach. The company apparently knew about it six weeks before they told the public, and they therea suspicious Insider Selling of the success when it was at an alltime high. Greg walden is a member of the panel that will grill the equifax guy. Sir, you cant fix the breach thats already happened, obviously. But can you realistically stop others in future . Well, if we find out what went wrong here, perhaps we can. You know, there are already plenty of laws on the books that govern how companies should operate to protect our most valuable data. And you keep asking yourself how does this happen. Its like the guards at force knox standing idly by as the back door thieves raid the vault. Theyve raided our Financial Data time and again. This is the most egregious example of that, and we want to get to the facts and find out how did it happen. Stuart is this going to be a bit like the tobacco executives who were put on the stand, raised their hand, swore to told the truth and congress piles on them . Is that going to happen again today . Look, im just after the facts. I have a degree in journalism, and i want the facts to lead us to a solution so it doesnt happen again. I think people are outraged. Were the peoples house. We expect to get to the facts, and we hope mr. Smith coming to washington will give us the answers that we seek so that this doesnt happen again. What we do know is this, apache strut, one of their underlying pieces of software, made known a vulnerability in march. This company used that software but didnt know they used that software or at least didnt communicate it to their cyber team. And as a result, the hole was exploited, a known hole with a patch that was available. How does that happen, stuart . This is the question people have. Stuart will there also be questions about the three executives who sold the stock thats right. Stuart after the breach but before it was public . Youre going to question him about that, i guess . Im sure that will come up as well. I have reason to believe the department of justice is probably looking at that as well. Anytime you have an Insider Trading on the stock and Something Like this happened at the same time, it raises all kinds of questions that they need to be able to answer. Again, though, how do you trust a company that has all your data and then behaves in this manner where it all gets exposed . Stuart indeed. Greg, you have a degree in journalism. Were flattered that you would appear on this program. Thank you very much. [laughter] honor to be with you. Stuart well be covering you later on, and well watch for your questions. Thank you, greg walden, we appreciate it. President trump is now enroute to puerto rico getting a firsthand look at the damage there. The president s scheduled to land on the island about 11 45, and you will see it. More fake news problems for facebook. It admitted that its systems automatically promoted false stories about the las vegas shooter. Toys r us got a plan to get you back in the stores. A new augmented reality app. Walk around the store with your smartphone out, and the app superimposes pictures of cartoon characters on top of the world thats going to do it. [laughter] stuart right. Sad, sad news to report. Rock and roll legend tom petty die after suffering a massive heart attack. Pettys spokesperson says he died peacefully, he was surrounded by friends, family, band mates. He was 66 years old. Now, you are going to hear his music throughout the show today. And i wont back down the bottom line is, for your goals, this is a strategy id recommend. Huh. This actually makes sense. Now on the next page youll see a breakdown of costs. What . Its just. We were going to ask about it but we werent sure when. So thanks. Yeah, thats great. Being clear and upfront. Multiplied by 14,000 financial advisors, its a big deal. And its how edward jones makes sense of investing. Stuart were following a couple of ther markets, weve got the price of oil down to just 50 a barrel as we speak. How about the price of gold . Substantially below 1300, yes, it is. Its dropped further, 1273 is your bouillon price this morning. I want to get to tax reform. Green arrows for the market since the reform plan was announced last week. However, the deduction for state and local taxes, oh, that is still very much up in the air. That is a huge Sticking Point for this plan. Come in, congressman pete process couple, republican from illinois. Oh, dear me. Sir [laughter] illinois is a hightax state. If you do away with the deduction for those high taxes you pay locally within your state, you and your constituents take a hit. Youre going to get rid of that. Youre not going to get rid of that deduction, are you . Well, heres what i think we are going to do, stuart, heres the point. Any tax reform effort and ive talked to colleagues from hightax states like me, you know, folks from new york, new jersey, california, illinois look, we need to evaluate any tax proposal in its entirety. Look at the rates, look at all the other things that are happening as it relates to changes on retirement incentives, education incentives and so forth. Theres also been a lot of discussion maybe trying to separate out property taxes from other types of state and local taxes because property taxes are those that my constituents in particular are particularly outraged by. So what were looking for now is some Common Ground. How can we find a place where we deal with this issue where it doesnt waylay tax reform, and i think reasonable people can come to the table and find a compromise here. Stuart can you get, there are 33 republicans in the house who come from very hightax states. If they say, okay, were going to get rid of that deduction for all the taxes we pay, the income taxes we pay to our states, you get rid of that deduction, they dont get reelected. I dont see, honestly, how they could vote for this plan as it now is. And even if youve got some kind of Minor Leagues compromise about property taxes, youve still got that elephant in the room, the deductibility of state and local are income taxes local income taxes. I dont think those 33 people could vote for it, and thats your margin of victory in the house. Let me put it a different way. Those members have to be accommodated. Theyve got to, you know, their voice has to be dealt with and will be dealt with. I mean, as you put it, the math is fairly simple. Now, the notion of any touching it at all as it being off limits, no, of course, it cant be. Its a policy that has to be revisited as does Everything Else in tax reform. And the appeal here is to hook at a Tax Liability to look at a Tax Liability in its totality. And this is where the further we get in in terms of the detail, where the brackets are placed, what we do on retirement, education savings and some of these other things. I think when it all comes together and working through a compromise on state and local, i think on balance people are going to look at this and say thats a good plan, im for that, that makes sense. My Tax Liability is going down. Im not here skipping along and saying this is not an insignificant issue. Its incredibly significant. But heres the other point. To do nothing, to basically say, oh, were just going to embrace the current status quo of our tax code, who would eat me alive . This tax code is dissolving underneath us, so rather than wringing our hands and saying its too big and too overwhelming, a lot of people are saying, look, lets come up with a plan, find some Common Ground and move forward because weve got to update this tax code. Stuart yes, sir. For the sake of the republican party, youve got to well, for the sake of the country and our future. Its bigger than a party thing. Stuart always a pleasure to have you on the show. Thanks, stuart. Stuart look at this. A huge boardroom fight at uber today. And its going on while the ceo is in london. How about that . Well have more varney after this. Can i kick it . Yes you can can i kick it . Yes you can can i kick it . Yes you can well im gone s list for free. Which means everyone has access to our real reviews that we actually verify. And we can also verify that what goes down, [ splash, toilet flush ] doesnt always come back up. Find a great plumber at angies list. Join today for free. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Stuart were going to open this market higher agained today. Remember, the record high yesterday was 22,557. Well be up from there this morning. There is, ive got to tell you this, theres a battle royal brewing at the uber board over exceo travis kalanick. Liz, seems to me like hes trying to hold on to his power as the big shareholder. Its a big power struggle between the new ceo and kalanick. Hes the guy whos responsible, critics say, for the frat house culture. Benchmark capital, biggest big, big investor in uber hates him. Also soft bank in the biggest private equity deal ever, 10 billion theyre going to to put into that company, the new ceo is saying weve got to clean the house here. Were going to dial back on kalanicks power. He did appoint john feign who ran Merrill Lynch to be on the board of uber, they may be on the way out. We dont know yet. A big, powerful fight going on right now. Stuart you cant go public with an ipo unless you fix the board. Yes, exactly. Stuart ashley, youve got to tell me about this, the toys r us story. Theyre punting, apparently, towards augmented reality. Well, thats computergenerated images that are posted using an app on your smartphone. You can see computergenerated as were seeing in this video images posted over the real world environment. They believe, this is a company in chapter 11 bankruptcy thats trying to turn it around. The ceo says we need a reason, people have a reason to come to the stores, interactive technology, they believe, it is. When you walk in the store, boom, you see that in theres geoffrey, the infamous toys r us mascot. You go around, you gain stars by watching all of this augmented reality. Is it going to be enough to get people to go back to theyre going to go nationwide, by the way, with this next month. I dont know. Stuart no. Yes, you do. [laughter] yes, you do. He has an opinion. Stuart you dont like it. I think it may have been my tone. It may have been obvious it wasnt going to work, hey, ive got to try something. [laughter] stuart fine young man. Market higher in about four and a half minutes time. Were going up 20, maybe 30 points. Any gain today will set another new record high. Well be back with the bell after this. Stuart all right, we have 15 seconds to go before the market opens this tuesday morning. Like to remind everybody that we closed yesterday on the dow at 22,557. That was the 43rd record high just in this calendar year. 9 30, here we go. Were off, were running, and we are on the upside, 5, 6, 8 points higher, 9 points higher. Not a huge rally by any means, but theres a little green on the lefthand side, and theres some red as well. Were up 18 points. Of course, that is an alltime high. Youve never been there before. S p 500, 2,530. A fractional gain but gain nonetheless. How about that nasdaq .