Weve only got three hours to cover it, Varney Company is about to begin. Otto warmbier has just passed away. He spent a year and a half in north korea. A lot of bad things happened. But at least weve got him home to be with his parents, with are they were so happy to see him, even though he was in very tough condition, but he just passed away a little while ago. Its a brutal regime and well be able to handle it. Well, that was President Trump commenting on the death of north korean detainee Otto Warmbier. Take a look, oil prices are at a new low, the supply a major concern, hasnt been this much since november of last year. For many people, the good news, silver lining, the National Average is 2. 28 nationwide. The cheapest gas, by the way, south carolina, 1. 96. In oklahoma 1. 99. Alabama close to the dollar handle. And take a look at u. S. Futures, stocks are at record territory. We were up and now were down. The question people ask, is there any stopping this market . I dont think so. I think that the markets have earnings that are propping it up here. Were going to hear about the Second Quarter in a couple of weeks. 6. 5 Earnings Growth for q2 which is going to keep the market here, i think. If you get any positives out of washington, out of some sort of a tax cut. I think thats the next leg higher in the market, charles. I guess the big question for some folks, earnings are great, and a little expensive. Does that worry you, top line growth . Top line growth, values are not cheap. But the potential for upside out of washington, if he gets a Health Care Bill or a tax bill, but what youre seeing now, a lot of growth out of big tech, the apples, the googles, the amazons. Thats enough to support the market and what i looked at, charles, closely, last week when you had a bit of a selloff in the market, when techs sold off. The entire market didnt drop. There was a rotation into other sectors. If the financials start to get a bid and move higher, that can help the market up. That would explain why s p and dow closed at new highs. Correct. Thanks a lots. Lets get to the politics, speaker of the house paul ryan, tax reform can it get done this year. Ashley he does and sounds good. Talk is cheap, as they say. He said we are going to get this done in 2017. He says we need to get this done in 2017 and repeated himself. We cannot let this once in a generation moment slip. Transformal tax reform can be done and were moving full speed ahead. It sounds wonderful, doesnt it . Theres a division in the republicans. And speaking to the troops, to his Congressional Colleagues than the american public. And supports the border adjustment tax, in order to pay for other tax cuts. Many in the senate who dont buy it at all. When you look at it, paul ryan is not a dumb guy. For him to make this, hes back behind the scenes counting votes and for him to come out and say that, i think you have to look at that as a positive. Ashley its a positive. Youve got to admit, mike, a lot of skeptical reaction to that because theyve been saying day after day the captain of the game coming out as a cheerleader, but when you think of the medical bill, the Health Care Bill out of the senate, its going to lower the amount of savings and thats going to put more pressure where does that money come from now. Back to the border adjustment tax. I dont think its a good tax and some people argue it will jump start. And then the nuclear option, the revenue neutral thing and quagmired into this almost impossible in the weeds effort to get what should be straight forward, as he said, paul ryan says, generational opportunity, not just to cut taxes, but tax reform. We havent seen this opportunity since ronald reagan. Dont blow it. Paul ryan will be talking today at 1 30. I want to get back to the death of north korean detainee Otto Warmbier. Dr. Marc siegel, what might have happened, what do you think . I think what happened in north korea, we thought he was tortured and may have had blows to the head, but university of cincinnati was clear on this. He had attrophy of the brain, didnt get enough oxygen to the brain. He had cardiac arrest, and north koreans gave him something to suppress his breathing. There have been reports, sodium pe pentthal. And truth serum. They give you a medication to try to get you to talk, they give too much you stop breathing. One thing for sure, its likely a chemical that he was given that stopped his breathing and stopped his heart. They took a look at the heart, its okay. The amend reason at his age, his heart would stop breathing. The main reason at his age that his heart would stop beating. And you saw him dragged with the soldiers, how did he survive so long. I think something happened at the beginning first there what caused this brain damage and attrophy, its longstanding. His eyes were open, but he wasnt aware, this was going on for months and i believe the north koreans deliberately suppressed this so it wouldnt come out and cause the International Outrage its causing now. Of course they kept him in as good of shape as possible after that. Do you think he probably felt its only a matter of time that he passed away and expeed yens to get him out of there . We dont know what happened yesterday, whether anything happened. He wasnt aware, he wasnt awake, he was essentially not in a coma, but a vegetative state, no quality of life. Or whether hed reached the end of the line and lets get him out of here and not be on our watch, but this is an International Disgrace of huge proportions. No signs of physical trauma though. Was he is there any evidence he was also physically abused . Theres evidence he may have been, but not blows to the hedden a not a lot of fractures hearing. Its not like they were pummelling him with clubs and thats what it was. If they were torturing him, which is likely, it could have been a chemical torture. And we cant forget kim jonguns half brother, with chemicals. A russian jet buzzing yesterday. A jet with missiles on the wing came within five feet. That reminds you of top gun. And very unsafe the pentagon calls it. The russian kashth in the baltic. And over the last, how long is that . Well, since early june, thats a lot of interactions. This one takes it to a whole new level. Within five feet of the u. S. Aircraft. This comes on the heels of russia threatening. So russia threatenings to shoot down one of our planes and within five feet of one of our planes. You want to talk acting aggressively. Thats it. Big news on the company. 900 Million Dollars in a kentucky plant, securing at least 1,000 jobs. Here is the latest on tiger woods, who is quote, seeking professional help to deal with his Prescription Drug use. Woods was arrested last month for driving under the influence. He told the police he was taking opioid pain pills before he got behind the wheel. And more political hate speech from the left. A new jersey democrat operative tweeting out the huntrepublicans. Coming up, youll hear from a Republican Congress woman who says shes receiving Death Threats. And more on the terror plot in paris. The man who filled his car with gas cans and rammed a police car, he was on a watch list. More varney after this. And take a look at home builders. Theyre getting a nice pop this morning. Lennar beat on top and bottom line, homes sales continue to Gain Momentum and average home prices go up. And the man who tried to attack he had rifles, and he had been flagged for terrorism. And you werent surprised by what happened yesterday . No, certainly not. Its a pattern going on for a long time and i fear that its going on for a long time to come. Charles when you say long time to come, it will get worse before it gets better . Yes, its hard to see how it gets better. In london we had three terrorism attacks in ten weeks. On sunday night, we heard for the first time a terrorism attack by somebody attacking muslims seems to be retaliation as crazy as this is. Charles and europe boxed itself into a corner, with low birth rates and had to open the door to immigration. They never checked for skills, never checked for religious identity and never made sure that people were willing to assimilate. Fast forward, 10, 20 years later. To your point, is there any solution . Politicians have technocratic solutions and a terrorism attack happens and they talk about cracking down on internet companies. You have to look at the scale of the problems. The people in europe cannot address this because theyve brought this in. The immigration policies. There are things you can do. The main thing, if you wouldnt start from here. Thats the main point of my book, these are things that america is thinking about. How can we assimilate them. And they can tell a radical muslim would have to have a certain way, but if they say their god wants them to act a certain way, this is the challenge. Charles a lot have shared the religious backgrounds. And thats changed and we have immigrants or refugees from all over the world. And how do we know a child of a refugee after 18 years doesnt recent the country . Theyve got asylum from kourn gadhafi. He at age 22 blew up people coming out of a rock concert. And the we take in the parents, that the child may not become an extremist. We dont want to be fatalistic about it. You can be more selective about the immigrants you bring in and screen people. Crucially, one of the advantages you have here, we dont have in europe, is my experience in america, people are generally grateful to be in america. They like the fact they can be part of the american ideal and dream the american dream. Thats very different in europe where a lot of the migrants feel this is all rigged against them and sometimes they have a point, sometimes they dont, but it means theyre bubbling rage and thats what i think is playing out at the moment on our streets. Charles should we do more as kids grow up in this country to one of the reasons we have the pledge of allegiance, certainly in new york city schools, was because the last wave of european immigrants were bringing in anarchy from italy and other places. We made them say the pledge of allegiance every single day. Is there something we can do to counter the jihadization of the kids and we dont see whats happening on social media and within the household . The first thing, were excited about talking about inclusion, to talk about inclusion, you need to talk about exclusion as well. What will you not put up with as a society and none of us are particularly good about that, particularly bad in europe. The counter side of that. Part of my book, we have certain diseases, as it were in our thought structure in europe, and i think you have, too. Were uniquely guilty and if anything goes wrong in the world, what did we do to cause it. Weve got to snap out of some of these mindsets. A lot goes on in the world nothing to do with us. Most of the rest of the world doesnt feel an overwhelming guilt that we have and we have to get over some of that. Charles great book. Appreciate it. Lets checkups, the Company Announcing theyre going to pay more per package this christmas season. Were all over that and a big day in georgia. Voters are headed to the polls in the special election to fill the seat of congressman tom price. Of course, he took a job with the Trump Administration. Its called the most expensive race in congressional history. More varney after this. Well, tiger woods says hes getting professional help for issues he has. Now, with prescription pills, ashley. Ashley yeah, look, he put out a Statement Last night saying currently receiving professional help to manage my medication. Hes had tremendous problems with his back and of course, we so this Horrible Police footage, dash cam footage when he was stopped in jup per, florida back in the end of the month. He has problems with back pain and a sleep disorder, put those together, he has a tough time. Hes getting help and will be back in court august 9th following that traffic stop. Charles tough, tough. Ashley yeah. Charles thanks. From sports to politics. Voters in georgia head to the poll today to decide what has become the most expensive house race in history. Whats going on, ashley. Ashley the spending for this, which is kind of a proxy on President Trumps administration, the bill from this, the spending will likely top 50 million for the sixth congressional seat held by tom price who went on to become health and human services. Karen handel the republican against john ossoff the democrat, should be a safe republican seat. Theyve held the seat, the republicans here, this particular district for nearly 40 years, but the latest polls have been very, very close, too close to call. 5050 or maybe, ossoff might have a slight advantage. You know what we think about polls, dont believe a word of it. But this is sort of a reflection on President Trump. He tweeted out. A hard worker who will never give up. Vote today. Charles criticizing President Trump on staying away from riling up the trump voters, thats interesting. It will be tight. Charles were only five minutes away from the hoping well. Keep in mind, theyve seen the market rally into the close. Just a moment ago, caterpillar came out with pretty good news and couple that with boeings news and lennars earnings. Blue chips look great. Tech stocks are coming back. Its another great session. Varney company will be right back. Listen up, heart disease. you too, unnecessary er visits. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies and data without insights. And fragmented care stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. I even accept i have a higher risk of stroke due to afib, i accept i take easier trails than i used to. A type of irregular heartbeat not caused by a heart valve problem. But no matter what path i take, i go for my best. So if theres Something Better than warfarin, ill go for that too. Eliquis. 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At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. Well, the opening bell is ringing in less than a minute. Again, lets put it all in perspective here. Yesterday, the Dow Jones Industrial average and s p 500 closed at all time highs. These are stocks you know, your parents know, your grandparents through, your greatgreatgrandparents knew. Why are they moving . Because the economy is moving. Its no secret, we are looking fantastic. The key is, of course, can it keep going . Can we get in economics going, especially with washington d. C. . So far the answer is yes and people are on pins and needles. Dont be, this is america and well open the market. And as we populate the board, got a new upgrade yesterday, and thats up there a little bit. Cant see the other ones, walmart, rebounding a little bit. Remember american express. Charles more red than green. Ashley the oil stocks are the big laggards. Charles oil. Ashley yes. Charles lets look at the s p 500. All right, were down less than, to 1 5 of 1 . An early start, a little bit down, maybe some profit taking, which is fine and lets take a look at nasdaq. Down a little bit again, an absolute juggernaut, because of the big tech names. We check them every single day, before that though, crude oil is crashing. This is the low as its been this year. Below november of last year. And its a doubleedged sword. Apple up, amazon up, alphabet, google, early on. And theyre going to add a surcharge on black friday weekend and christmas, big savings surcharges are necessary to offset additional costs and with the holiday packages. Jing me mike murphy, steve cortez. The market will start at record high. Steve, whats going to stop the market . The only thing that will stop it, i believe, is capitol hill. I think thats the only way the market can be stopped. Theres a lot of momentum and a lot of confidence. Consumers at the regular working angle, all the way up to ceos in the csuites. Confidence and optimism abounds and the only thing that derails it will be congress not getting tax cuts done. I dont believe thats going to happen. I believe it will get meaningful tax reform done this year and the stock market, i think, weve only seen the beginnings of the kind of rally we could see the rest of 2017 and 2018. Mike, you mentioned the thats what renfro last week, and can we look at that as a red flag, what could happen. Yes, but a downgrade on apple like you mentioned, and news out of amazon and money is pouring back into the techs. You do that, and they say eight year bull market and valuations, theres no hasto, if you look at what the market is telling you, every dip is bought. Theres confidence in the market and earnings are supporting the market, the next move, 5 to 10 move in the market is higher not lower. Charles you agree with steve, the only thing that could stop it is the g. O. P. Falling short with the president s agenda . I would look at it differently. If you get that thats gravy on top. And the market is treating it as though we dont see it this year. Charles ashley, we know the economy, success begets success. We see signs that some things are moving w