Republicans are divided. At stake the Trump Presidency and electoral future of the Republican Party if theres now a tax cut fail say goodbye to 3 growth and say hello to speaker, nancy pelosi. Theres a lot at stake for investors too. Trump rally based at least in part on the expectation of trump tax cuts welcome and tax growth agenda what happened to the rally if republicans fail again. This is crunch time, only the democrats will be happy if theres another republican fail. Varney company is about to begin. Stuart ibm will be a big drag on the dow industrial average theres a longterm negative trends ibm taking in less and less money as years go by and watson in the ads not a wild success. More on that in just a moment. Now look at amazon is and blue apron from rumor to reality in a matter of days. We heard rumors a few days ago, now amazon is advertising its rival meal prep service. No recovery for blue apron shares, am i right in my premise that theyve gone are from speplation and blue apron and others by the way in this particular segment of the Food Industry going oh, listen amazon slogan is we do the prep, you be the chef. And those kids are already up and running on the website although yesterday they have one on there offering state dinner with parmesan fries it was unavailable whether it was sold out or not but already if you belong to the 14 dollar and 99 per month, the Grocery Delivery Service these products are up and running. Can knock a company out market. Went from literally it was rumor last friday was it . It killed blue apron now we understand and here we are advertising the product. Its on. Lets get back to ibm less and less money coming in there. Were going to call them old tech versus new tech of the fabulous five that stock is down to 3 from market now i want to know watson ive seen all of the ads. Successful failure, liz . Liz heart and soul of ibm saying it is too costly too confusing yet hire consultant and according to jeffrey same rate for their Artificial Intelligence engineers five and a half years of drops and according to them jeffreys not overseen quarter of sales growth so profits and rev are knews down year over year it may shave 28 points off the dow at the open. Down stock thanks liz. Stuart back to politics President Trump has invited all republican senators for lunch at the white house today. Health care is going to come up, heres President Trump he says let obamacare fail. Roll it. Let obamacare fail, were not going to own it. Im not going to own it. I can tell you republicans will not own it. Weal let obamacare fail and then democrats are are going to come to up and say how do we fix it, how do we fix it or how do we come up with a new plan . Republicans are not going to own it. Well see. Come on in senator john kennedy a republican from louisiana. At the lunch today, sir, my bet is what the president will say, cut taxes or else. Maybe thats what i want to say to him. What about you . Youyou are going to be otolunch . I will. Heres what i hope the president says stuart i hope he says i believe very strongly that within the next week, im ready to go this afternoon. We need to have a vote on repeal and replace in two years. Now, im prepared to votes on something to repolice now. And the way senator mcconnell was going to do this was going to put the bill on the floor and let everybody offer amendments. Democrats, republicans, independents would stay there as long as we needed to stay where everybody got to have their say. Some of my colleague toangt dont want to proceed to allow us to debate which i dont understand. There will be a vote on monday of next week. I hope so. Its time. Look, but i think its clear stuart that some people who here tofor oppose obamacare dpght like it but this is america and if republican it is now like obamacare they immediate to stand up and say it, and own it and only way to do that is to have a vote. Stuart dont you want to hear a president ial push big time for tax cut . You toast. Republicans are toast if they dont ask, dont tell dont get tax cuts down. Going to proceed and repole and ready to have this vote and repole repeal and then move immediately tax reform 1. 4 growth in gdp is an embarrassment thats what we have now. Ought to have his head in the bag its embarrassing. Stuart you have a divided Republican Party. You are divided on Health Care Reform. Youre divided tax cuts youre up against the wall here. Your reputation as a party which imorch is at stake is right here right now. Were sell better than the democrats. Okay. We were having troubles theres no question about that. But what we need is a vote. Now, for six months, really for six years. Before i was here, everybody tacked and offered it this idea and i get it. Everybody has their ideas and everybody is smart and everybodys sees problems here and good parts there. Its time to vote. Lets just stand up and be countinged in front of the god and country. You either like obamacare or you dont and suddenly like it then say it. Own it and go back home and explain it to your constituents. Stuart well said you say it again thats why youre a favorite guest on this program you say it, tell it how it is mr. John kennedy senator of louisiana. Thanks for joining us sir, thanks. Cue the lefty outrage President Trump and Vladimir Putin held a second undisclosed meeting at the g20 all rise judge nam tan know is here. What the devil is going on . I wish i knew what the issue was. Theres no legal or constitution stuart no end. A secret meeting. Were watching now and going on and on about it. But seriously. Must have been 60 people in that room and 20 heads of state and theres spouse and security. And each have a trancelator and they gave donald trump a japanese translator to the proximity of the Prime Minister of japan and japanese trancelator speaks japanese and english so no purpose was served with the japanese translator when the president and this translator quack to talk to putin. Not a story almost humorous and it almost shows that character of donald trump unwilling to stay tethered it a chair talking to two people arranged him when he sees second most important guy in the room on other side of the table wants to say hello and he has to be seated next to the president s wife. Theyre making this sound like there was some secret summit that none of us knows about. Yes. That tells you a lot about the character of the antitrump media. They hate him if you can rustle off the headline that says g20 meeting two World Leaders got together and melt oh, i have a conspiracy there. Exactly. Exactly. Stuart lets cut this short. President has a lot of selfconfidence in his personal relationships with people. And to put his hand on Vladimir Putin shoulder and say did you enjoy sit next to my wife is a summit that we dont know about. Stuart im glad you dealt with this for us. Constitution and im happy to say theres no constitutional issue here. [laughter] under our written one or your former unwritten one. [laughter] stuart you get you going in the 9a blocks and you did. Thank you, sir with. Now this foreigners buying a Record Number of homes in america now ash. You and i are no longer foreigners so why dont you tell us which which foreigners are buying what and where . Theyre like oh, okay, biggest buyer of u. S. Property from people from overseas opposed to foreigners chinese again, china number one, buying primarily in california. And with hit record nurls this was from the period of last year march this year which is surprising because the dollar has been strong nevertheless weve had a lot of foreign buyers number one china. Canada, number two. Buying a lot of home it is this in florida. Because they want to get away from those wicked winters up north then we have number three, the u. K. , number four, mexico. A lot of mexican Property Buyers where are they buying . Texas. President trump i repeat the president of the United States of america had more mexican people are buying in america chinese folks are buying in america. And europeans are buying in america. Number five india by the way everyone talked about russians buy up everything but 1 of those purchases. [laughter] stuart there you go. Good story. Thanks very much. Targets chief says the Hispanic Consumer is shopping much less. The ceo didnt mention President Trump by name. But did mention shifts in behavior and border towns. S interesting story weve got that coming up for you. How about this one . A proposed 12,000 seat state of the art stadium for a High School Football team. And yes its in texas. Find out exactly how much this is going to cost. Well have that. I was wondering if an electric toothbrush really cleans. Better than a manual, and my hygienist says it does. But. Theyre not all the same. Turns out, theyre really. Different. Who knew . I had no idea. So, she said look for. One thats shaped like a dental tool with a round. Brush head. Go pro with oralb. Oralbs rounded brush head surrounds each tooth to. Gently remove more plaque and. Oralb crossaction is clinically proven to. Remove more plaque than sonicare diamondclean. My mouth feels so clean. Ill only use an oralb the 1 brand used by dentists worldwide. Oralb. Brush like a pro. Stuart deal may be in the works wall street journal says discovery is talking is in in talks to buy scripts. Now, lets step this out discovery shows include deadliest catch, shark week, mythbusters, scripts owned food network hd tv, the federal channel, amongst others. And boats strox on this speculation that theyre getting together. Big gain for strips up 15 . The head guy at target ceo thereof is warning hispanics may be shopping less this he mentions border town and shifts in behavior. Whats this . Border towns where president would like to build that wall this is brian who says almost a cocooning factor and staying at homage going out less. Particularly around border towns hes also siting research that says that this is hit hadding retailers across the country that hispanics are staying home sales are are 8 year over year according to this data and fear that ice is going shough show up at a target store to round up Illegal Immigrants hes belying implying that so 1. 4 in buying power. This is up 20 of the u. S. Population . Nearing 20 for sure. Theyre 10 on buying power 1. 4 trillion is what they spend purchasing power. So, i mean, this is an tech so theyre talking about it. Stuart top guy at target is implying that hispanics afraid to go out to buy because theyre afraid are of i. C. E. Thats the story. Essentially thats what hes implying back to amazon blue apron from rumor to reality couple of days. Bill l is with us former chief of walmart usa. This is really remarkable. Rumor to couple of days ago that theyre going to come out with a prepackage meal kit theres talk that amazon is the new walmart. Thats right. Stuart are they . A beast. Stuart, theyve been able to get in and Gain Momentum only place to stop them is walmart these two titans are headtohead and blue acken prois a good one. Just in ininfancy just ipo and they large it. You can go after them and predatory pricing, unfair competition they run a monopoly you can do that. Particularly when they say you know we can make money wherever we choose we choose not to now and invest in make money later. Those words always scare me if i were an amazon shoe regulator thats what im looking for. Stuart i think so. I have to ask you about health care. Because you say that the uncertainty of health care that obamacare for the last seven years, you say that has hurt growth and our imroat rate in america. So why cant we get rid of it . Thats whats been happening over last several years you back to the beginning of the obama administration. We spent two, two and a half years arguing about obamacare the implementation and passing of it and spent two, two and a half years really, really focused on repeal, Supreme Court challenges. Are are we with going to get it finally with Supreme Court ruled on it and spent next two years in the election talking about how the republicans just give me a shot. Give me the presidency give me the senate, give me the house well repeal and replace and here we are now talking it be again. And stuart you have to be disappointed with republicans. Youre a business you need sernght certainty and know what your labor costs are going to be and the way it is set up 8 years of Uncertainty Around Health care. Fix it and lets move on. Stuart you are disappointed with republicans. Absolutely. Choked on them. Theres a time with restrain they have their chance. Its right now. They need to do something. Stuart phil sighing monothank you so much for joining us. Appreciate it. Thank you. There it was. Big headline on drudge, the most unpracticive congress in 164 years were going to explain that one for you and ask louie about it as well. Hes coming up. In our morning meet, my executive producer explain to me, football is a religion in texas. Not next, we have the story to prove it. [laughter] times up, insufficient were on prenatal care. Es. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong insurance company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. He gets the ball, lefthanded catch and souvenir for Chris Christie are you kidding me, how about that . You just notice him [cheering] hot ill tell you. Nice to get from are the tbeach to the ballpark. Did you hear that . From the beach new jersey governor Chris Christie caught a foul ball at the mets cardinals game you hear booing remember governor took criticism for closing down state beaches during the july fourth weekend. Then he vacationed at a state beach that weekend caught a lot of flak at the gail last night as foul ball. Not a popular guy easy to go after these days. Next case, ive got a number for you and the number is 48 million dollars. Whats that for . For High School Football stadium now where would this be . Playing in High School Just a field. [laughter] rock. 12,000 feet capacity friday night light, texas you think ms most expensive High School Stadium think again another one built for 70 million and one for a high school. They fade for yes. For the funds people taxpayers will kick in. And they do it willingly. By the way, this is such a Small School District theres only one high school in it but its so fast growing theyre trying to think ahead by adding this giant stadium with like a banquet hall sized suite in it expected to attract a lot of people. This is texas, High School Football thats all you need to know. Taxpayers had to vote on the bond issue. Taxpayers said yes. They knew what they were gettg and if it is texas they like it football is a religion. In the team stuart the low form of football is a religion in texas. They love it. So what . Stuart thats explained to me. Whoa look at the futures look where we are pointing. Ladies and gentlemen, it is wednesday morning. And were going up again. Who cares about a Health Care Fail . Lets move on towards tax cuts shall we dow is up 20. Back in a moment. Copd makes it hard to breathe. So to breathe better, i go with anoro. Go your own way copd tries to say, go this way. I say, ill go my own way with anoro. Significantly improve lung function all day and all night. Anoro is not for asthma. It contains a type of medicine that increases risk of death in people with asthma. The risk is unknown in copd. Anoro wont replace rescue inhalers for sudden symptoms and should not be used more than once a day. Tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. These may worsen with anoro. Call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. Ask your doctor about anoro. Go your own way get your first prescription free at anoro. Com. Stuart we are looking for slightly higher opening. The fact that todays Market Action is this. President trump has invited all republican senators to a meeting, that would be for lunch at the white house a little later on today. This is what he tweeted this morning. I will be having lunch at at the white house with republican senators. They must keep promise to america. Personally i prefer him to demand tax cuts soon. Thats what i would like to see but evidently hes going to talk to them about health care because there will be another bill, another vote, i should say, next monday on the senates version of Health Care Reform. Here we go. Its 10 seconds to go. Wednesday morning. You can hear them clapping and cheering. Nasdaq in the big board. We are going to open ever so slightly higher. Here we go. Up we go. Oh, oh, oh, down 5, down 2. Down 5, come on, come on. [laughter] stuart the lost that you saw is ibm. Its a dow stock, bottom right hand corner, way, way down. Thats dragging the overall market, the dow industrials is down. Ibm accounts 30 points of lose for the dow industrial. If it werent for ibm, we would be up 40. Take a look at the fabulous five, check them every single day. Look at them go. Facebook is up 3 bucks, is that todays quote . Yes, t got to be. Ashley yeah. Stuart facebook up t