Blasting the democrats for taking a victory lap and he says the shutdown in september is still a possibility. And Richard Branson says bringing back coal is the worst idea hes ever heard. Well ask about that. Varney company is about to begin. Stop oh, bleep . Guy is crazy. Thats right, thats not world heavy weight boxing, its better. Two passengers aboard a los angelesbound nippon flight, the fighting it wasnt aggravated enough. American reporting decreasing leg room one to two inches in economy class. Apple shares in the premarket. Right now, the key was iphone income is expected and the company sitting on 256 billion in cash and you can buy ten border walls for that much money or buy everyone in america a new iphone and kill two birds with one stone. Lets bring in shah gilani. Its close to your net worth, im not sure you need the money, but the stock hasnt come down . Its got so much money to execute buybacks and thats one of the reasons, they bought back between dividends and buy p buybacks. And theyre projecting 300 billion. Theres a bid, id like to see them doing special dividends. Even though they have the cash pile, thissor about 100 billion. Indirectly, theyre using that money by taking advantage of of low interest rates, but that does nothing for our economy. A lot of people are saying at this particular point, its an Amazing Company in part because of a americn american company. Do they have any responsibility to bring some of that money back home and not necessarily share the wealth, but create Economic Opportunities . I think so, i think theyre trying to do that. Theyre looking forward to repatriation and tax rate on the money. I hope they dont put it all into buybacks. I think its better if its handed out in terms of special dividends on a regular basis. They did increase the dividend, 63 cents from whatever. Thats a nice for the stock. Better than the money market or 10year treasury, but its probably better spent elsewhere, certainly they can make he acquisitions and expand production in the United States. The red flag is iphone calls almost 51 million, but wall street is looking for 53 million. Do we get to the point where everyone simply has an iphone, everyone, but me. Theyd like to get us to that point, but i was not unimpressed with the results, it didnt seem to phrase the stock. I dont think the stock is going to get hammered today. Revenue was up 4. 6, profit up 4. 9 . The sales arent that off because everybody is waiting for the new iphone in the phone. Stuart tim cook said something to that effect. By the way, talon upped the fox. Maximum 173, and all of them love it and they wanted to know should they buy it . If you buy it, a tight stop, other than that worth a buy. The market has been more or less side ways all morning long. Slightly lower. Looks like its going to be something of a down move at the open. Money, more coming in at the Cyber Security girl, in the meantime, fireye, great morning, the third consecutive quarter they beat the wall street concensus. On the other end of the spectrum, Software Maker trilio lowers, overall cutting back from using the service and thats devastating. I own both of those stocks. And mcdonalds, this stock is now a buy. Thats one of the big names, what a shift now back to politics. Budget director Mick Mulvaney on mornings with maria defending President Trumps call for a Government Shutdown in september. Roll tape. Were supposed to pass 12 Appropriations Bills a year. We dont do that. At best pass one in the giant omnibus bills the end of the year. Theyre massive and people dont get a chance to go through them and thats a lauzy way to run a country and the president says in his mind, hes right. We need to fix that. If it takes a shutdown in september to drive that home, well do that in september. T a security, we know what that means. Took 150 government departments, this doesnt get covered. Took 150 government apartments and consolidated or eliminated them. This is constant negotiation and now theyre talking about a shutdown in september. Well see when we get closer to that. If they get the democrats to believe they may shut the government down they may get a deal in september. With all due respect i think a lot of the criticism came from conservative media and folks who would like to see a Government Shutdown right now as a big part of draining the swamp. They call it a deal for a reason. In a deal you dont get everything you like. Republicans, particularly re ifrt could republicans, like me, im a conservative republican. Republicans in Congress Need to kcome to grips with the fact you dont have a filibusterproof, and if great leadership with paul ryan and the rblgs have to get on board. With all due respect, i think the that core voters that propelled donald trump to the white house would disagree with a lot of things you just said and this is the sort of things that made them angry at both parties for so long, the notion that paul ryan is a great leader because he did so much compromise here, i think that business is usual is exactly what the American Public, particularly conservatives that elected this president and critically important because our military is way underfunded and were in trouble worldwide. He got 12 billion, at least 12 billion for border security. They elected him to build the wall. Hes got money to Start Building that wall. Reducing size of government with the departments that are gone. Even the Green Energy Fund is and i love the fact that the democrats think they won. Thats the ideal situation, you always want the people you outnegotiate to think to leave and think they outnegotiated you. The next time a deal comes up and do the same thing in the previous deal. Theres one democrat knows she didnt win, but is blaming everybody else. I want to roll the tape and get your response. I was on the way to winning until a combination of jim comeys letter on october 28th and russian wikileaks raised doubts in the minds of people who were inclined to vote for me, but got scared off. Disclosures, thats not what caused people to doubt her. What caused people to doubt her, what was in the wikileaks disclosures, what they said. Shes misrepresenting. She got a bounce from comey in july and she doesnt like the fact that she didnt get a bounce in october. Who knows what effect that has. The most important thing she ignores, she house on their own. Donald trump had plans for that and she had none and thats why she didnt working womening middle class voters. She can say whatever she likes. She didnt have a plan. No plan, i think it hits the nail on the head. Always appreciate it. Good to see you. President trump meeting with Palestinian Leader abbasa, and its part of the president s plan to try to bring peace to the middle east. Richard branson has a message for President Trump. He says the president s plan to bring back coal is stupid. Were on it. More varney after this. Higher profits at yum brands, a Strong Demand at taco bell. The kong movie and batman helping profits at time warner as well. President trump will meet with Palestinian Leader abbas later today. And congressman Peter King Jones us, republican from new york. Both men, congressman king, have both sort of laid out their personal agendas. Do you see room for some sort of major step, perhaps, to the ultimate goal that has eluded all president s going back to the 1970s, peace in the middle east . I dont see a quick move, but its porn that President Trump have this meeting and mak waiting is over and start serious negotiations that hes not going to be like President Trump, not going to be criticizing the israelis and giving false hope to the palestinians. Its important that the real negotiations with abbas so he can negotiate for the palestinians. Hamas controls much of the power, certainly where they control gaza. So basically its time for abbas to show hes real and can deliver and show, for instance, hes willing to recognize israel and make just the most basic akcomplications that could be made. I think its as much style as any, showing President Trump, showing, yes, hes willing to negotiate and its real negotiations and real talk and not allow this to go on as its gone on for so many years. Back in 2000, the palestinians basically were offered everything theyve been asking for and yet, our part walked away from the table with president clinton. So this is, palestinian has been delayed and delayed and President Trump would say, hey, its now or never. President trump, one of the major concessions, stop paying the terrorists in israeli prisons or crimes against the israeli people. Thats, you know, you talk about the power of battle among the Palestinian People themselves. That would be a huge nugget for them to give up. Do you think its possible though . Again, if abbas is serious and not wasting everyones time, thats a basic step that should be taken. These are crimes committed and yet, they call them i shall a them arab martyrs and martyrs for the palestinians. Theyre not martyrs, theyre murderers and killers and abbas has to make that clear. That would be a good sign whether hes serious or not. The last time you were on our program, we discussed and the ms13 and growing influence on long island. Has there been any progress since attorney general sessions visit there . First of all, he showed the police and fbi that the administration is totally behind them in this effort and agreed to work with them to get extra sources, involving cast forces and task forces. Theres been 11 brutal murders carried out by ms13. Just about three weeks ago now, four young men who were not just murder, but butchered, beheaded in a residential neighborhood, in a park where kids play, i mean, this type of murders, he this were two brutal killings of High School Girls and they kill with what schetties and knives and brufl. It refirquires our efforts. To your point, the methods are not unlike isis or some other savage terror group out there. Its sadly ironic, of all places they have a foothold in long island. You would never have thought Something Like that would have happened. And ms13 has gamed the system. 12 of the young men indicted back just last month for the two murders, actually for three murders, of those 12, seven have been unaccompanied minors and they came in two or three years and assigned to live in the Brookville Center community and theyve gotten families to sponsor the kids. Theyre turned over to health and Human Services and health and Human Services has to find homes for them. Families are terrorized or paid off to volunteer to take the kids in, the young men in and then they actually are recruiters for ms13. Seven of the 12 unaccompanied minors into the country the last couple of years. There have been 400 assigned to Suffolk County the last two years. Charles amazing. Representative king, thank you. Berkeley, california has had a plan to stop violence. Left wing protesters in the city, theyre not going to arrest them. This is berkeley, they say they can solve the problem with laughter yoga and you cant make this up. More varney after this. You always pay your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Weight watchers, making money and it raises its forecast up 14 . Oprah making bigtime money there. Check this out. Berkeley university, come out with a plan because they want to stop the left wing violence on campus. Liz, laughter yoga. Liz the mayor of the city appears to endorse this, too. Talking tents, square dances, flowers, volleyball, bubbles, wavy gravy kind of dances. I mean, this is the block of protesters who has been doing the most violenting rioting. Destroying property. And love how environmentalists destroy property, by the way. They think its the way to go and theyre talking in this email that was leaked to the website heap street. Theyre reporting this, were moving to verify it, according to heat street. Dont malign the people who wear the blast masks, they have their bad apples, provocatures taking advantage, and regrettably theyre bad actors, but we got medics last time to deal with, you know, any situation in the riots. They think that sponge noodles and foam swords and square dance is going to solve this violent rioting. Charles listen, shah, i guess there are a lot of ways to sooth the savage beast, but i dont know how its going to work. And i dont understand how any school, the university of california a fantastic system, not sure how they allow the crushing of free speech by either side, left or right. I think the left has gone too far off the deep end in repressing free speech. Liz the way you stop it, enforce california state law, youre not allowed to wear any mask at any protest, take it off. Charles maybe throwing pepsi cans at police officers. Liz molotov cocktails. Charles and have a list of these and whats the name of that. Liz the empathy tent. Charles check out the futures. The market, a little soft moments into the opening bell. Got a little softer as we were talking. This is a big day and a lot to digest, adp jobs report out and the big jobs number on friday. The markets intensity is there and the opening bell is just moments away. Why pause a spontaneous moment . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. Only 20 seconds away from the opening bell. Again, we had a huge week last week and weve been sort of side ways this week, digesting earnings and ahead of that big, big jobs report on friday and believe me, its absolutely huge. Were going to need to see something of a major rebound. And adp suggests 170,000 jobs, that would be good compared to last month. Lets check on the big board, the dow 30, a smattering of green, performing stocks at the top. Most are down and the key stock today in the market will be apple. Iphone sales there were not up to snuff. Less than 51 million and wall street was looking closer to 53 million and consequently you could see the shares are down 1 1 2 . And remember, facebook, theyre going to report tonight after the close, that stock near alltime highs and trading higher. Weight watchers, the confidence to raise the forecast, Oprah Winfrey doing pretty good there. We did see weak forecast from trilio, two major customers and uber, uber cutting back big time on services. Joining me pliz macdonald, shah gilani and well have to start with apple. What are they going to do with the huge cash pile . Theyre going to keep it there until they get a deal to bring it over, repatriation and put it to work back here. Charles the dream is that they bring it here and build factories and create jobs, instead of continuing to buy back stock. Do you think theyre you know, right now theyre up to 10 billion to buyback. Do you think they start to shift gears and say how about doing something in america . I would hope they could assembly the phones here, they could do that for 50 more per phone and i think that americans would be happy to pay extra 50, most the time the Cell Phone Companies pick it up anyway, but assembly of the parts is 50 more per phone if you did it in the United States of america, that would create jobs and lots for your money and change the dynamics are what youre doing here. Charles lee iacocca promoted that and saving chrysler and done throughout history. Could it be done again . Could apple say were going to bring back the shops and factories and put people to work and its going to cost a little more so you have to step up to the plate. Liz and tim cook said theres nothing patriotic about paying more taxes. Charles if they remove the taxes. Liz were not anywhere near tax cuts right now. The president is talking doddfrank reform and bringing back glasssteagall. If you see the money coming back soon. It sounds great in theory, but in practice, i dont see it happening anytime soon. Charles we should point out to the audience were the country in the world that taxes profits overseas and every other country brings it back. And this could go into domestic development. 256 billion dollars, you know, we use the numbers and throw them around all the time and dont realize the magnitude of that number. Thats more than the foreign currency reserves of the United Kingdom and canada combined a tremendous amount of money. Countries, its bigger than the gdp of the majority of the countries in the world. , but it keeps the country open for a month. Charles but i tell you. Bring it back. Charles another discussion on government spending. Dont get me started. Liz the interest cost for a year on that. Charles and when you talk about apple, you think about facebook and they report after the bell. The stock has an alltime high. Shah, do you like it at this level . How can you not . Theyve got momentum behind them. Positive earnings and momentum in Earnings Growth and all of those stocks are must havemust hold stocks.