Today, a potentially alltime high. And illinois, one round yet and the debate. Well take you to chicago, vrn varn starts right now. Varney company starts right now. Right to the big story of the day, north koreas missile launch, Ashley Webster with the latest. Ashley here we go. The launch itself went for 578 miles. This is the icbm, whole new era of missile testing in north korea and concerning, of course. It went for 37 minutes, north korea claimed 39 minutes. The point is what conceivably could the endgame be here . If they continue to develop this missile at their current rate, its a few years off yet, but it could indeed reach, as you just said at the top of the show, charles, most of alaska, 461 miles to be exact. As we look at north korea as an improverished third world country, this is a game change etheyve got to find a way to put a Small Nuclear head on this thing before it can be a threat. North Korea Holding what they called deep striker missile testing into the south korean seas as a message to north korea that we are hear and ready to act. The u. N. Security council will meet this afternoon to talk about this, where we can expect another strongly worded statement. We know what that does to north korea, absolutely nothing. Donald trump by the way, tweeting on north korea and china, saying that trade between north korea and china grew almost 40 in the quarter, so much for china working with us. We had to give it a try. China not coming through. They curbed coal imports, but the rest of the trade was phenomenal. And economic sanctions maybe not going to work this time. Lets look at the futures. So far, theres been a muted reaction to north korea, in fact, you can see nasdaq, which was down all morning long, now starting to come back. Remember, its been under a lot of pressure. So lets take a quick look at microsoft, one of the big names in tech. Premarket reports that the company is planning to announce a thousand layoffs and will switch the focus to cloud which has gotten back in recent years. Crude oil under pressure the last couple of months, 2. 23 the National Average for regular. By the way, a 12year low. Youve got six states with gas now under 2 a gallon. In arkansas its right on the edge. President trump tweeted gas prices lowest in over ten years, i would like to see them go even lower. Good news for the summer driving season, right. Liz oil is in a bear market. And despite opec saying we are going to cut oil production, the u. S. Oil boom continues. 10 Million Barrels a day. Ashley the frackers say thank you very much. Theyve tipped to make opec almost obsolete. The fracke frackers dont ma frackers obsolete. Theres a sweet spot, somewhere in the high 40s maybe. All right, guys, from geopoliticals to playing politics. The republicans divided on Health Care Reform and want to bring in larry oconnor, online editor for Weekly Standard and a radio host. How worried are you about the mid term elections if they dont get something done, larry . I dont care about the mid term elections because the republicans have been elected in 2010, 2012, 2014, 2016 on the promise theyll repeal obamacare. They should worry about if they dont go through on their promises, they werent elected to be erected. Other than mitt romney, i cant think of any republican who promised to repeal obamacare, other than mitt romney, theyve got to repeal these things. The promise was repeal and replace. I think they ran astray a couple of years ago when they talked about replacing and it was a onetwo punch. It feels like repeal is picking up steam here, certainly among conservatives like mike lee. Do you think thats the shift . I hope it is. Rand paul gets credit and trump suggests its not a package, repeal and then work in the replacement. You mentioned mike lee and ted cruz, cosponsored a bill i know youre going to like and everyone on the panel likes free markets, brings free market back to the Health Insurance industry, screwed up by obamacare and the democrats and thats why the premiums went so high. And the important aspect of the cruz lee bill, the amendment they put forth. If they want affordable Health Insurance for people who truly cant afford it, most americans would like to help people who truly cant afford it, then dont tinker with the free market to meet that end, do what politicians have done since the 60s. If you want to provide a benefit for people, put your name and your reputation on the line and raise taxes. Raise taxes to do it and then youre accountable for it instead of screwing with the free market and making all of us pay for it through a hidden tax in our insurance premiums. Another issue and i like people that hammer away on the senate bill that pays the Health Insurance 50 billion and when that runs out just another subsidy, always great to talk to you. A guantanamo detainee is going to get more than 7 million from canada. Gregg, you were an attorney, this is mindboggling, apparently the canadian officials shared information with u. S. Officials and violated the rights for someone who may have killed earn m soldiers. Well, hes a terrorist, first of all. He murdered a u. S. Military official who had two little girls, two children, and here is the guy. Hes a terrorist, al qaeda. He was caught on the battlefield in a fire fight. So he gets sent to gitmo and you know, canada sends intel agents down to interrogate him and share with the u. S. As they should, this guy eventually gets released. He goes back to canada, where hes supposed to be imprisoned. They let him out. He susan now he gets roughly 10 million. 10 million canadian dollars, almost 8 million u. S. Dollars. He gets an apology from the canadian government. Talk about insult to injury. This is the kumbayah canada liberal government at work, you know, conservatives up there, and other people are up there and are outraged. Paying this kind of money to a terrorist . Because his feelings were hurt and he may have been mistreated at gitmo . Its awful. It really, really is awful. Next one for you, gregg. Susan rice has agreed to testify before the House Intelligence Panel this month. On monday we asked former House Intelligence Committee chairman Pete Hoekstra about it, roll tape. I wish when the Intelligence Committee said that she was going to come and testify, they would have laid it out to her, number one, youre going to come, come either voluntarily or we will subpoena you, there will be a public portion of this and there will be a classified portion. All right, so, do you think rice will ever hit the public will ever get a chance to hear what goes on in had the hearing. Probably not in public, but private shell answer questions, shes in legal jeopardy. Publicly she said i dont know anything about surveillance, unmarching and internal collection. Turns out she wasnt telling the truth. The National Security investigated and on dozens of cases she requested unmasking of dozens Trump Officials not related to National Security, but purely politics so theres three potential felonies here that apply to her. The crime to lie in your unmasking request, claiming its National Security, when in fact, its politics. Its a crime to use your Government Office for political purposes and finally, if she is the one who leaked Michael Flynns name, its a felony to unmask somebody and leak that unmasking. How will we know . If one Congress Comes up. Congress will know and so far, the hearings, lets be quite honest, nothing seems to materialize out of them at all. How much faith should we have that behind closed doors, the revelation will be made and the public will understand whats going on . I think the Intelligence Committee run by devon nunez is taking this serious and theyll make a recommendation to the department of justice if they feel that susan rice is behind the leaking and unmasking of names. If it wasnt for nunez, and thanks a lot. Thats right. Were about to show you video from the blue waeter resort in arizona, a fireworks the malfunction. A huge brush fire, took crews one and a half hours to get this under control. No injuries luckily were reported, but thats a spectacle there. A new round of follows, 61ers pof voters dont trust President Trump, wait until you hear dont trust the media. Thats next. Quick check of the futures. Dow, s p and nasdaq all looking higher. Particularly keep an eye on nascar. Gave away a lot, stumbled into the close on monday. If that can reverse and all three are up at the same time we could be off to the races. Cnn accused of threatening to reveal a private citizens identity over the trump wrestling video. Ashley it appeared on reddit. Cnn saying look, we are going to withhold the mans identity, isnt that nice of them, because hes a private citizen who issued an extensive statement of apology. However, it goes on to say that cnn reserves the right to publish his identity should any of that change. Charles what . The claim for the man who put out the satirical. Liz this is the coercion news network now . You cant hold somebodys future behavior over their head and threaten them. That sounds like you can if its. C. In n. Liz it sounds like criminal vacation, but i thought i read the law on that. Charles tracking down the person in the first place. Ashley and hold it over his head. Liz what about killing free speech. Charles weve had a lot of big news the last 24 hours. This is a guy who has gone on antisemitic rants and done it before many times. Why are they protecting his identity. The job is to tell the truth, including the truth behind that. Charles they keep making mistake after mistake, thanks, guys. Lets stay on President Trump and bring in brent bozell, rather, from the Media Research center. You know, weve seen a string of high profile corrections, retractions from the Mainstream Media, bret. And i mean, obviously, this has got to be good for President Trump and his assertion that this is the fake news has run amok . Yeah, charles, good morning. This is a press that is out of control. This is a press that has declared war on donald trump. This is a press thats let go of journalistic standards so that anything they can find to go after trump, theyre going to use. For example, the russia story, donald trump has said there is no definitive evidence that russia tampered with it. Well, ap and the New York Times found someone to say, wait a minute, all 17 agencies say there is. Turns out there are only in our. Cnn comes out with a story, after donald trump says my campaign isnt involved. Cnn finds someone to say, someone met with a russian state bank. They had to retract. I dont think its about this person. I think its about donald trump again. This is cnn thats been so embarrassed, it has overreacted so badly to that silly smackdown video, which i wish the president hadnt done, but theyve overreacted so much by suggesting that its fostering violence against the media, that theyre trying to find the upper hand on this. This is what theyre doing, theyre trying to get a hold of it and take the upper hand in this discussion. But once again, theyre looking like idiots. Like absolute idiots. Charles weve got another one for you. 68 of americans say they do not trust the media. Whats your reaction other than maybe that is a low number . I hate to say it. You know, a couple of observations, that was taken by npr. What in the hell is npr doing using taxpayer money to take a poll . We have one every five minutes and 68 answered media. Ab Donald Trumps numbers at 61 . Donald trump may like the fact that the media are even more unpopular than he is. Ive got to tell you, i think the democrats are looking at that poll and theyre happy with it, because they could care less ultimately about the media. They care about donald trump and damage is being done even though more to the media in the process. Charles you think its a victory as long as the salvos go back and forth . Yeah, i think the president has got to get back on his agenda. I think that the president is going for tactical victories and scoring one after another against the mess, but ultimately hes got to look big picture and ultimately got to look beyond them. I wouldnt pick fights with them. Theyre committing suicide all by themselves. If i were the president i wouldnt do a silly smackdown video. Charles or look the other way when theyre look president ial. Charles, hes got counter punch first. Hes got the opportunity. Hes got the opportunity now to rise above it and look president ial and really make them look bad. Charles thank you very much, really appreciate it. Great seeing you. Now to this a very serious story, a new York City Police officer shot while she was sitting in a patrol car. Police are calling it an unprovoked attack, an assassination, in fact, weve got the details for you coming up. A New High School graduation requirements for children in chicago, if you want a diploma. You have to show proof of a job, College Acceptance or apprenticeship. If not know graduation. If you like the idea tweet us. More varney after this. 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. 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. So get this, chicago wont allow High School Students to graduate without having a plan for the future. All right, guys, think this strategy is going to work . I love it. I think its a great idea. Increasingly schools are in replacing parents. They need to in the inner city and so on so this is taking it another step. Its a great idea. It may not do a lot of good, but even if it does some good. Ashley they have to have a secure job, receive a letter to college and a trade apprenticeship, a Gap Year Program or the military. This is a bankrupt city, and bankrupt School System where are those going to help achieve this. Liz illinois, growing and creating a business is as easy as jumping into a pool of hair dryers. This sounds great in theory, if you stay in the state you may have a tough go of it, but the other options, yeah, it sounds like common sense. Charles i agree a thousand percent. My wife and i give out shirts to High School Graduates in new york and new jersey, and 90 unprepared, but i blame a lot of it to schools. These schools that rubber stamping these kids, its a conveyor belt. If youre going to put the onus on someone, put the onus on the chicago teachers who always demand pay raises, even at the expense of these kids over the last 20 years. Lets hope they get that right, too. All right, guys, were a few minutes away from the opening bell. All the equity futures looking pretty good here. Look at this, the dow grinding higher. If we can get all three of the indices coming up, particularly the nasdaq, were talking record numbers across the board. This is huge, huge news. Well have the opening bell in less than five minutes. Usaa gives me the peace of mind and the security just like the marines did. The process through usaa is so effortless, that you feel like youre a part of the family. I love that i can pass the membership to my children. Were the williams family, and were usaa members for life. Wheyou wantve somto protect it. E, at legalzoom, our network of attorneys can help you every step of the way. With an estate plan including wills or a living trust that grows along with you and your family. Legalzoom. Legal help is here. All right. Folks, the opening bell less than a minute away. Let me set the stage for you. At one point on monday with half the session. The dow was up 200 points. It ended up 127 points near an alltime high. The big news has been rotation and the selling of tech stocks, going into names and industries that hadnt been doing so well. Right now, the stage is set for the major indices to open higher with tech reclaiming the leadership role and the blue chips doing well, also. Theyre doing extraordinarily well and industrial names and material names, what theyre doing to underscore the notion that our economy is indeed turning around and also to justify the stock market rally which, by the way, has been phenomenal for the indices, even the dow and the s p and nasdaq up 13 . Here we are, guys, the bell renninging right now. Were going to populate the dow board for you. First, apple, looks like the early winner, Goldman Sachs again, the story, the rotation in the banks and the socalled stress test. A lot of money has come pouring in. American express, Goldman Sachs, j. P. Morgan, the top three of the top four names higher, nike down, but nike had an amazing twoday session after the earnings, oil down a little bit and caterpillar, but this is not a bad start, its a pretty good start. Dow up 24 points. Lets take a look at this, theres been some discussion when it was in freefall, it was bad for the economy and the market. When it rebounded, it was bad for the economy and market. I think its at a low, prett