With him, a raucous rally in ohio last night. Like the old days of the campaign. This was trump v. The republican establishment. The crowd was clearly on his side. Meanwhile today, in the swamp, the senate votes on a straight Obamacare Repeal bill. The replacement plan went down to defeat. None of this appears to have any effect on investors. Same old story. Politics is a mess but stocks keep going up. Profits are so strong that the dow is on track to hit yet another record high today. Are we getting used to this . A chaotic presidency. A donothing congress, and wall street on a tear . Thats the story of the morning, and varney co. Is about to begin. [cheers] hes a young one, hes going back home to mommy. Boy, is he in trouble. Hes in trouble. [laughter] hes in trouble. And ill bet his mommy voted for us, right . [cheers] shall we call that an interesting incident last night as the president addressed a very big crowd of raucous supporters as we said it was indeed, a raucous rally. More on that later. But heres another rally were going to tell you about, perhaps more important. Record closes for the s p and the nasdaq composite, theyre at record levels, and yes, were going up a lot more this morning. Look at that. Thats the futures showing an 80point gain for the dow industrials. Maybe well actually open right at an alltime high. We shall see. 28 minutes from now. Meanwhile, bigname stocks have reported financial position. At t looking very good, the stock, premarket, up nearly 3 . Big gain for a big company. Same story at United States steel, theyre up 7 premarket. You see where the rally is coming from here. How about boeing . Strong profits yet again there, and boeing is going to be up 4 . These are huge companies, when they make a stock price move like that, you are seeing something really big. Cocacola profit dropped 60 because of a charge on the refranchising of north america bottling operations. That stock only down 25 cents, thats it. How about chipotle, never mind the norovirus and rodents from the ceiling. People eating more at chipotle, they are making money and the stock is up 7 bucks a share. How about that for a parade of profits . Wait a second. Facebook reported profits after the closing bell today. Premarket theyre already up a little bit more, having closed at alltime highs earlier in the week. Look whos here to comment on profits. Liz peek, columnist with the fiscal times. Not the trump growth agenda any longer, its profits, profits, profits, thats whats driving us to a record, am i right . Absolutely. Spurring better profit growth. The most exciting results from caterpillar. A bellwether reflecting not just growth in the United States but globally. We have Amazing Things going on around the world. Almost every major economy is going forward. Greece sold bonds for the first time in years. That is also a bellwether occurrence. There is a lot of good news, i would not take away from the trump agenda. I thought yesterday the Senate Voting to talk about health care which seems like a minor win was a major win for mitch mcconnell, and i think it gave people confidence that the agenda might move forward. Stuart we closed yesterday, the dow closed at 21,613, and doing the math, 27 points from an alltime high. You can see it today. I think were going to see it today, unless something dramatic happens in the next 24 minutes. More from you later, liz. Stay there, please. I want to move onto this, i find this fascinating. Two new england senators unloading on the president. Susan collins, a maine republican, didnt switch off the microphone at the end of a Senate Subcommittee hearing. She was allegedly speaking to a democrat senator jack reed of rhode island, the ranking democrat on the committee. Listen to what ensued. I dont say that no. You have mulvaney saying [inaudible] and. Stuart the democrats say hes crazy, as in President Trump, and Susan Collins, a republican, basically agreed. Rich lowry, editor of National Review and Fox News Contributor is with us. This speaks volumes about the relationship between President Trump and congress and congress and President Trump, its chaotic. If you had hot mics, you would pick up more. They want to work, they tolerate a lot from the president but you dont want to reach the break point. The breaking point would be firing Jeff Sessions. Stuart really . Yeah or something of that nature. Senators love him, conservatives love him, and theyre all appalled at the way trumps been treating him. If youre angry at someone working for you, fine, call them into your office, dress him down, dont humiliate him in public. Stuart the president going up right against the republican establishment. Hes taking fire at his shots at the establishment. The people, his supporters that are still with him by evidence of the ohio rally last night, theyre still with him. But you think this chaotic relationship will have an impact on tax cuts, for example, on health reform, and other issues. Yeah, it doesnt stop it in its tracks but doesnt help the margins. What republicans are trying to do on health care and taxes as well. Two huge complicated, generationaltype underprices, undertakeings, you want to be firing on all cylinders, doesnt help when the president is off attacking his attorney general or creating distractions. Stuart not going to change, is it . No. Stuart not at all. No. Stuart not going to abandon twitter . No. Stuart no way. Hes not going to stop insulting people . No. Stuart ive got a problem with this, if it interferes with the growth program, i think within side or the other has to adjust their position because we want to get this done. It doesnt have to stop being donald trump, and hell never stop being donald trump. If you dial it back a few notches, it would be helpful. The point of all this is not have donald trump in the white house to have nice rides in marine one and go france, what hes done is hurting, not helping. Stuart the surprises, number one, apple has agreed to build three u. S. Plants. Number two, talking about if there is a revision, upward revision in tax rate, it will be on the rich. Yeah. Oh on the latter, steve bannon talking about that privately. He thinks it makes sense for the nationalist, populist president to make it difficult on taxes. And if trump pushed it, it would get through congress. Stuart you were a nevertrumper, werent you . I never got on the train, i never applied that term to myself, but i never got on the train. Stuart are you this morning going to say stuart, i told you so . No, he won, i was skeptical he could win, and im hoping he does the best he can and that things happen, so im not here to be mr. I told you so. Im just hoping for the best, stuart, like all redblooded americans. Stuart were an optimistic bunch. Absolutely. Stuart thank you, rich. We told you about fbi agents and seized smashed computer hard drives from the home of a tech worker for Debbie Wasserman schultz. An arrest is made, liz. You are looking at the ringleader, he was arrested trying to flee dulles air. Hes been charged with one count of bank fraud, and alleged head criminal syndicate of relatives that worked not only for Debbie Wasserman schultz but other house democrats. They did double build for computers and computer equipment and pocketed the money. Tax fraud extortion, bankruptcy fraud, thought to have funneled money overseas. A second layer. Access to dozens of House Foreign Affairs and Intelligence Committee members emails and information on computers. Was that information put up in the cloud . Theres two layers here. National security and also theft is at issue here. Debbie Wasserman Schultz has fired this i. T. Worker but kept him on the payroll through the spring. They allegedly made 4 million, this ring of criminals since 2009. Stuart more on this later from the gentleman from daily caller who worked on the story and broke it for us. Thats later. Thank you, liz. Were going to open up nearly a hundred points for the dow industrials. When we open the markets in what, 20 minutes time, you could be at alltime record high. The dow has never been higher. Well see. 20 minutes. Could this be a breakthrough in the fight against opioid abuse, doctors testing what some are calling opioid vaccine. You give a shot to an addict that prevents that addict from getting high on the drug in the future. Doc siegel tells us how it works. We, of course have been all over the venezuela story. A twoday general strike on the way. The socialists on the verge of seizing absolute power. Looks like civil war brewing on our doorstep. And trivia for you, which d. C. Reporters twitter account is followed by most members of congress . I give you a hint, hes a colleague of ours. Stay tuned for the answer, he joins us in the 11 00 hour. More varney after this. Stuart lots of individual Companies Reporting profit position today. Some of the big corporations among them. Look at Ford Motor Company, forecasts lower profit. A weak profit i should say. The stock is down 1 . General dynamics, they forecast better profits but thats not helping the stock. Its down three bucks at it 200. It is a defense issue, lets remember. A general strike against president maduro in venezuela. It has begun. Whats the latest, emac. Twoday strike. Massive protests in caracas, this is the failure of socialism. What can the United States do . Here are ideas we talked about. Lead an International Coalition with mexico, brazil and argentina to demand regime change, and basically do an International Rescue of venezuela. Its already detained two judges appointed by the opposition, this is autocratic rule now in place by meduro. And have the treasury to enact sanctions, that would hit the regime hard. Stuart may come to fighting this weekend, fighting in the street with guns, i wonder when we would do then . Enormous problems in venezuela other than riding in the streets. They owe 3 billion, they have to repay this in terms of debt, and Oil Production is collapsing. Its a profound, ongoing issue. Stuart on our doorstep. And russia getting ahold of assets of citgo. Isis is losing in syria and iraq. I think thats an established fact. But they have not been any significant terror attacks in europe or america recently, not significant attacks. Joining us is the author of the complete infidels guide to free speech and enemies, Robert Spencer is with us. How do you explain that, robert, i think im accurate in saying there hasnt been a major attack in europe and america . You are quite right. The fact is as isis is collapsing in iraq and syria, they have issued explicit calls to come back to europe, come to the United States, and kill innocent civilians here. So i dont think that we can conclude from this relative period of quiet that its all over. Stuart no, but could you conclude were taking the right steps to get in front of the terrorists before they act . To some degree, yes. Theres an undeniably there are many attacks thwarted. Many more jihad plots than there are jihad massacres. At the same time, there are wrongheaded policies pursued. The uk for example, is not alone in saying this isis fighters if they are citizens of great britain, they have to let them back into the country, and there are at least 40 confirmed isis jihadis Walking Around in britain today. Authorities and british know theyre there, but they are not in surveillance, they could be planning something catastrophic and they probably are. Stuart let me ask but Americas State Department lawyers removing the word genocide from reports of christian slaughter. That sounds like political bias one way or the other. Youre shaking your head, whats happening here . No doubt these are Obama Administration holdovers, Obama Administration policy not to call the persecution of christians in the middle east genocide. They shy away from doing anything offensive to muslims. Trump needs to drain the swamp but it has not happened. Stuart im right in saying they did stop the use of the word genocide when youre talking about christian slaughter . Yes, absolutely. This was something that was explicitly done and was done by an obama appointee who remains in authority. Stuart he remains in authority in the state department . Thats very interesting. Quite so. Stuart we havent changed that yet because we havent changed the personnel. There is a civil war going on in the state department between people who want to follow the policies that the president delineated in many addresses and those who want to continue the Obama Administration policies of denial and willful ignorance regarding the jihad threat. Stuart robert, thank you for joining us, im sorry for cutting it sort. Want to give the reasonable news, we havent had a big incident recently and counter that with were not doing the right thing on the home front. Appreciate you being with us, thank you. Watch out, highincome earners, President Trump saying higher taxes on the wealthy could be coming . Theres a surprise. Were on it, after this. Today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Stuart all right, this is breaking news, and this is just coming right at us. President trump tweets just moments ago and here it is that just came to us. No comment from us. Move on. President trump sits down with the wall street journal and talks taxes. Heres the quote from the tax part of the interview. The people i care most about are the middle income people in this country who have gotten screwed. If theres upward revision, its going to be on higher income people. Liz peek, you can explain what this might be all about . Well, look, i think the plan was to pass the Health Care Reform that took away all the Obamacare Tax revenue, which made tax reform much easier. Now theyre going to have to reboot and come up with revenues in order to keep the tax stream and budget over the next ten years or whatever guide posts they put balanced, right . They have to come up with increased revenues. And lets remember, it wasnt wealthy people who elected donald trump. So when hes looking out at the people who support him, theyre probably not going to be particularly unhappy about it. Stuart if you cant get rid of the Obamacare Taxes. You are starting from a very different place in terms of tax reform. And i think the president s biggest ambition is to lower the Corporate Tax rate. And theyre talking about 15 , probably in the next month or so talking closer to 20 and the pressure off raising taxes on highincome people. Again, you have to go somewhere for the balance they need to come up with. Stuart liz and i are laughing because it is a chaotic presidency. You dont know whats coming down the pike at you one moment to another. Its true. What theyve done from day one, and it was kind of paul ryans idea, put every big agenda item on top of another one. Everything started with health care for good reason, Everything Else has to happen. In retrospect, starting with infrastructure, getting democrats on board, might be hard to vote against that, might be a better plan. Hindsight is always 20 20. Stuart always. When we open the market in 41 2 minutes time, youre probably going to see a brandnew record alltime high for the Dow Jones Industrial average. Going up 80, 90, maybe 100 points right there the the opening bell. S p 500, nasdaq composite up as well. When youre close to the people you love, does psoriasis ever get in the way of a touching moment . 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