Charity frurom russians Hill Campaign dnc paid for funded the report from russia about donald trump. Democrats may regret ever digging into russia, russia, digging into russia, russia, tax cut question of the day, would the unprecedented insuls that are dividing Senate Republicans sink the tax cut package . Good question. What a day, Varney Company is about to begin. Stuart all right, this is how we are going to open the market this morning, down a fraction, thats it. Looks like we will be down ever so slightly but we have been coming back in the last few minutes. Who knows where we will actually close open this morning. Three dow components reporting profits earlier this morning, boeing, cocacola and visa all reported strong profits, no big jump for the stock price, though, in fact, boeing and coke are down. That affect it is dow industrials. Lets see how this thing shakes out. Very different story for chipotle. Woe, way down. The stock is way down 2. 84 a share, it was 750 two years ago, more on that just a few minutes. Ouch. Lisa peek, the markets keep going up, the economy is expanding, profits are terrific and i dont hear a thing about it in the media. They would rather focus on ware warfare in the Republican Party. We were told for years about how the country couldnt grow, why have tax cuts, because we are not going to get anywhere, anyway, this puts that argument aside. We are looking at real growth of over 3 and could go higher from there. So the earnings numbers coming out are fueling the stock market every visit as much as Regulatory Reform and tax reform are helping. Thats incredibly exciting for the Business Community and for workers in america, thats the message. Stuart it is. Its very positive stuff. Yes, it is. Stuart a couple of pnts that iidnt see any place else, o d a half milon fewer people are now on food stamp compared to january the 20th, inauguration day. And the reason for that is when Obama Took Office he loosened the regulations about who could apply for food stamps, the number doubled between 2009 and oh 2013 and what we have seen in the last several months is certain states requiring ablebodied persons to get a job or do workforce training, presumably people should work if they are able to. If they cant get a job, they can go into training programs. Guess what, the numbers of people have plummeted. Thats what we should be i think to. Ashley you never hear that. No reports. Stuart lock at the New York Times, Washington Post, you name it, look at it. Its not there. The economy is the fundamental most important story to most peoples lives. The economy is and by the way in 2015 they can make a lot of noise about lack of legislative process if the stock market continues and Hourly Earnings continue to go up. That really is going to be very positive for republicans. Stuart stay there liz, because im about to cover two scandals facing Hillary Clinton. The clintons generally, i should say. Fox news confirms the Clinton Campaign and the dnc helped to fund the solicitous dossier about trumps bad behavior in russia. Next up the House Intelligent Committee is looking into the role in uranium deal with russia. Liz, i want you to repeat the gigantic amount of money that flowed to the Clinton Foundation charity . 245 million, this comes from frank and russians connected to this uranium one deal which got control of a fifth of the u. S. Uranium supply. The u. S. Needs uranium. Stuart paid to play . Youre absolutely right. Happened mostly during and before hillarys 2008 and later she ran the state department which weighed in, the state department weighed in on the sale of uranium. Stuart liz peek was reporting this a year ago and at the time the clintons were saying, we dont know anything about this. Liz the russiarelated company helped iran help iran build reactor, it helps venezuela. Russians are in venezuela and iran. The story goes deeper. Stuart well said, young man, listen to what Hillary Clinton is saying about the uranium one deal scandal now. Roll it. Its the same bologna they have been peddling for years and theres been no credible evidence, in fact, its been debunked and will continue to be debunked. Fox and allies including fox news are really experts at distraction and diversion. Rightwing conspiracy strikes again. [laughter] stuart republican and hes a member of the select committee on intelligence, first of all, congressman, the uranium deal, 145 million, thats a shocking number to us at least. Stu, all of this has to be looked into and what has changed the game here is that very credible news reports recently that an fbi informant who has come out said in 2007, 2008 and 2009 active investigation showing bribery and corruption and influencing peddling by the russians to try to get you ran yum deal approved. Our question, number one, if thats true, do the fbi notify the obama administration, did they notify the Justice Department, did they notify the Treasure Department and the state department. Back in 2010, i sent a letter to tim in the Treasury Department on how to approve the deal, i was unaware of the corruption but i was aware of why would we be giving 20 of uranium supply to a company which is owned by the russian government, control bid the russian government and he said that he was on top of it. The committee of Foreign Investment in the u. S. Was investigating this. If they were, were they told by the fbi about the investigation and if so, why did they approve. Congress havent been told about the investigation. Why did the fli close down the investigation and bob medical r was ahead of the investigation. Stuart the dossier containing outrageous allegations of President Trump paid for hillary Clinton Campaign and dnc. Fox news breaking the story. Now my question is, that is outrageous that they would do this but its not illegal, is it . No, its not illegal. But raises the questions again, first of all, why didnt the dnc acknowledge, this was presented fbi director to President Trump as if this was some real document and if the fbi looked into pay if. The document f so, why didnt they tell the president that and why they didnt come out to say that their campaign had paid for it and also did the fbi do any check into this at all. So many of the facts are in there turn out to be lies, totally wrong. So theres nothing to this dossier, so far with this used as basis for the fbi investigation for the justification of the fbi to go forward with investigation. Were they relying on this . You could have had a document prepareed by Hillary Clintons campaign full with lies to go ahead of federal investigation of the Trump Campaign. If thats true thats tactics. Stuart it stinks, bottom line, thats a fact. Thank you very much for joining us on a very important story. Appreciate it. Thank you. Stuart more individual stocks are in the news this morning and weve got news on them. Walgreens, they are making a lot of money, more than expected as they say. The stock is up premarket. Nice 4 gain. How about the defense and Aerospace Company . General dynamics, they reported higher profits but the stock is down at 208. Another defense contractor, they made a lot of money, that stock is going straight up, 3 high nearly 9 bucks at 302, however, i have to tell you, the stock of the day on the downside, that maybe chipotle, theyll be down bigger at the opening bell, lower profits, they have lowered outlook, they will be up 12 to 13 at the bell. Lizzie, can i say that they have not recovered from e col ie outbreak . Yes, both hurricanes harvey and irma. They disappointed on lowered expectations, they still disappointed. The stock is hitting a fouryear low. Bad forecast. This time of year chipotle says this is whats going to happen next year, they will wait until the fourth quarter. Little gloom over this chipotle chain. Remember, this was a big momentum stock, this was a big momentum stock. Stuart we followed it, remember . 750 bucks. Liz thats exactly right. Stuart this morning opens well below 300 bucks a share. I didnt see that coming, ashley. This is a repeated problem. You cant have issues arise. Stuart some people would have been tempt today buy it on the dip expecting a rebound. Thats a great point. [laughter] stuart thats my style of investment. Check the futures. We are narrowing the loss, looks like a downside move may be 4 to 5 points, thats it. Its not a big loss. Im going to say dead flat to ever so slightly lower at the opening bell. Okay, check this out too as well, 11yearold, she was was named americas top young scientist, she is young, shes 11, invented sensor that detects lead in Drinking Water. Again, shes 11 years old. New hope on the fight against alzheimers, one neuroscientist says that medicine to prevent disease is coming soon. Two senators flake and corker will not seek reelection. Spokesperson for the Republican Party, here is the question, where does the rnc stand in this fight between the president and his own party . More after this. Stuart we are following General Electric very closely. If you buy on the dip, some people did, lots of concern about the dividend there. We will find out for sure whether they would pay it or cut it, right now just below 22 a share. Now your amazon story of the day. It wants to connect your home delivery, your home, i should say, to delivery carriers. Its through something called amazon key, controls your locks to your house remotely, lets deliver to people inside to drop off the packages. How do you feel about that . Liz would they do vacuuming too . [laughter] stuart two Establishment Republicans not seeking reelection, arizona jeff flake and tennessees book corker. President trump has feuded with both of them in extremely personal terms, joining us now rnc spokesperson kaley, all right, you represent the Republican National committee, you are the Republican Party. So whose side are you on, the president or the establishment because they are at each others throat. Well, stuart, we are on the side of the American People. Stuart yeah, okay. [laughter] well stuart come on. We side with the president. Senator corker, the president one your state by 26 percentage points, senator flake, one by 4 percentage points, the American People want you to stand with the president , if you want to represent constituents, youve got to get behind this agenda, getting behind tax cuts, Obamacare Repeal and replace, thats what we have to do. Stuart im sorry i interrupted you there before giving the full answer and your full answer was youre siding with the president two leads the party. Thats intriguing. Now, do you know anything about senators corker and flake and how they will how they will vote come the tax package . I suspect that they will vote on the tax package. They promised to people that. I hope they wont let their petty politics get in the way of that and i just want to remind you, stuart, you know, last year, last april senator corker was saying President Trump is challenging the Foreign Policy establishment, in july he said no one is more respected than President Trump. So what changed . Hes not seeking reelection, that shouldnt change the promises he made to the people. Stuart about this feud between senators corker and flake and the president , the president said some pretty remarkable things in his tweets, would you like him to tone it down . I think the president has a right to fight back, he gets punched, he punches back, thats what the American People liked when they elected President Trump. I think he has the right to defend himself. Its just its unfortunate that, you know, these senators have decide today provoke this because lets remember that they started these attacks but i dont think it will get in the way of the gop agenda. Stuart do you think its president ial when President Trump says things like that in his tweets . I think its president ial to defend himself, you know, some in the Mainstream Media expect the president to just take the punches lying down and take a attack sometimes from most party and sometimes own party and its fine to say its not fair and fight back. Stuart youre not telling him to calm it down, tone it down, youre full square with trump, thats the position of the Republican Party . Thats right. We are fully with President Trump and i also just want to emphasize, these are two senators that are making these comments on the side, do i want to emphasize we have 51 senators who vote on the budget. We have the house saying we are going pas the budget without going to conference, this isnt getting in the way of the agenda, the petty attacks, personal jab that is the senators are leveling isnt getting in the way of progress. Stuart all right, kaley, rnc lady, we do appreciate it. Thank you, stuart. Stuart surprised me. You got me. Look at this, whoa, look at this, President Trump sits down with lou dobbs, you can see the whole interview tonight at 7 00 p. M. Eastern. We are going places. [laughter] stuart its all good. Later this hour republican running for jeff flakes seed kelly ward, youll hear from her, 9 45 this morning, a few minutes away. Dish network keeping up with amazon, now why . They are bringing something ive craved for years. They have bringing Voice Control for your tv, tv on watch Varney Company, i want it. [laughter] ashley its there. Stuart we are going to get it. Coming up after this. Is this a phone . Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. Stuart this has been in my dreams. Dish network teaming up with amazon to bring Voice Control to your tv. Ashley it is a wonderful thing to behold, stuart varney, you can sit down and dont have to hunt for the remote. You can tell alexa with dish network full voice support. I want to watch this in living room. You another tv in another room, i want to watch this in this room. Tell alexa what you want and shell give it to you. Stuart hes my gal. [laughter] stuart moving on. House speaker ryan says repeal and replace of obamacare is off the table for 2017. That just came to us liz peek. Liz the only positive take would be that they would apply all the time now and the end of the year to passing tax reform. May be that they need to do that. With the house automatically going through and approving the Senate Budget resolution, you get two spray weeks of work time. Frankly im surprise today hear him say this but lets focus on one thing at a time because they clearly cannot chew and walk at the same time. Stuart how about a shortterm fix, he said that would be on the table next year. They are clearing the decks for tax cuts. Would that be acceptable to say . I think thats exactly right. Liz we have open enrollment for obamacare, americans seeing premiums going up and a lot of confusion next week. Stuart youve got that right. Look at this, please, we are going up. Pointing south pointing down for the dow when it opens in what 5 minutes time, now we are pointing a fraction, i mean a fraction higher, dead flat with a slight biased to the upside. How is that . Ashley very poetic. Stuart leave it right there. We are going to be up 2 points at the opening bell and you can watch this extravaganca moments from now. You know who likes to be in control . This guy. Check it out selfappendectomy oh, thats really attached. Thats why i rent from national. Where i get the control to choose any car in the aisle i want, not some car they choose for me. Which makes me one smooth operator. Ah still a little tender. O go national. Go like a pro. Stuart okay. I want to issue a warning right here and now, elizabeth peek is with us. She promises to talk about the fed moments from now. Its an important thing. Stuart stay with us, ladies and gentlemen. [laughter] not fair. Stuart okay. The dow industrial average closed yesterday at 23,441 points, it is up 27 since november the eighth of last year which was election day. I would call that the trump rally. Lets see if it rolls further this morning. We are going to open that market in 10 seconds, the backdrop is continue very strong profit reports from americas leading corporations. Here we go. It is wednesday morning and in 2 seconds the market opens, bang, here we are and we are down 10. Down 9, down 8. Stuart i call that flat to slightly lower open. Fractional loss 04 . More stocks included in index. 12 , very slight loss. Nasdaq and Technology Industries down. 16 . Flat across the board. Three dow components, visa, cocacola, boeing, theyve all reported profits today, not much change in the stock although visa is up about a buck. Coke unchanged. Chipotle, oh, oh, watch out, chipotle says that those hurricanes recently and high avoca