tv Varney Company FOX Business May 19, 2016 9:00am-12:01pm EDT
stuart: maria, good stuff from you. let's get on to it and down to the brass tacks. here's what we're talking about an egyptair plane down in mediterranean. terrorism suspected but not confirmed. political impact very significant, for the mideast, europe and for america as well, political impact. egypt further destablized. that could worsen the migrant crisis. the flight took off from paris, european politics very much roiled because of this. the plane had just flown to african airports. their security obviously being questioned. donald trump? he already tweeted saying it looks like terror. that may be, this may be a political plus for him. all right, let's get latest on exactly what happened, ashley webster. >> let's begin. this plane, the egypt air ms804 left paris at 11:09 p.m. local time. it had 66 on board, 56 passengers, seven crewmembers
and three security personnel. we understand two security and one trainee which is standard on these flights. it entered egyptian airspace at 37,000 feet which is cruising altitude. then greek air traffic controllers spoke to the pilot in good spirits, said good-bye to them in greek even though he is from egypt. no indication anything was wrong. all of a sudden this plane went from 37,000 feet to 15,000 feet in about 10-minute period. it did a 90-degree turn to the left and then a 360-degree turn to the right, a complete circle. what does that suggest? analysts say it suggests maybe it was not an explosion and event in the cockpit, if there had been some sort of explosion that plane would have gone vertically straight down it did not. the question, what happened? the search now 130 miles southeast of the a greek island.
they spot ad couple pieces of debris in the eastern mediterranean. there is a huge search going involving the greeks, french, u.s. navy ship, the brits and also egyptian forces all scouring an area trying to find debris and apparently word coming in, greeks have spot what appears to be two pieces of debris. a developing story. what happened. russia announcing today, there is no doubt about it, it was terrorism. their airplane seven months ago was shot down leaving egypt, back over the sinai going back to russia. no indications yet. stuart: you told us exactly what happened from the moment it took off to what we know now. excellent, ashley. thank you very much indeed. i want to bring in trump foreign policy advisor walid phares. walid, if this is terror, i will not say one thing or the other, seems it's a plus for donald
trump, is it not? >> that's a very strong statement but basically the events at this point in time are indicating, not just the tweet by mr. trump but investigation ordered by the french president, russian statement you just mentioned. i just learned, we learned 20 minutes ago of aviation in egypt most likely it is terrorism. we don't have a statement. stuart: yep, yep. >> well that is going to have impact no doubt about it because one of the reasons why there is large segment of the public has been voting for mr. trump, it is concern about the global jihadi terrorism. if this becomes effectively a case of terrorism and most likely jihadi terrorism, of course it will have impact not just in the united states but across your rob as well. stuart: i think it has political impact in europe because their politics are disrupted by the migrant crisis. now further disrupted by incidents of terror. whether this is this is terror
or not, this helps, nativist parties in europe, anti-establishment parties in europe, it will help them. >> it will help the under currents, those who feel they are not represented by the current political establishment here and europe. they feel their airports are, there is a problem with their airports. we know paris airport had a problem. belgium, brussels airport has a problem. even the british airports have a problem related to security and terrorism. this will only add to the problem. stuart: one thing i've been saying today, this destablizes egypt, terror or not, destablize as country already in trouble and again in my opinion, it therefore makes the migrant crisis that much worse. what do you say to that, walid? >> listened to your remarks before since this morning. you're absolutely right. there is a campaign against egypt's economy and therefore
against's egypt's stability. egypt is largest arab sunni country in the region. egypt is fighting isis and al qaeda, trying to stablize libya. destabilization of egypt is very serious for the fight against terrorism, for the peace process with israelis, for backing of our allies and friends in the gulf. remember, saudis, u.a.e., everybody in that region are backed by egypt. trying to destablize egypt are doing much bigger dimension than exists. stuart: walid phares, thanks very much for talking with us this morning. thank you. >> thank you. stuart: let's get to the election. donald trump tops hillary clinton in hypothetical head-to-head match up, according to a new national "fox news poll." look at numbers. trump 45, hillary, 42. that is within the margin of error but statistical tie. trump has come a long way and he is moving up. next poll, record 61% have a negative view of hillary, up
from 58% in march. 56% have an unfavorable view of trump but that is down from 65% two months ago. hillary's negatives, getting worse. trump's actually improving. and record 66% say hillary is not honest, not trustworthy. trump does better on this measure, 57% say he is not honest, not trustworthy. hillary in fact has a growing trust deficit. eboni williams is here. this is not good news for hillary's campaign. i suspect it is fading. i'm beginning to wonder whether she will in fact eventually and ultimately be the democrat candidate. >> very good questions. look. she has to be concerned absolutely. people have been anticipating a trump wall for a long time now. it just doesn't seem to be happening, stuart. you're exactly right. to be clear his numbers aren't great. they certainly are both above the 50% threshold when it comes town favorability. this is what it is looking like.
none of the candidates overwhelmingly popular. it will come down, which one, can be more popular than the other. it's a low threshold. stuart: less unpopular. >> less unpopular, exactly right. if he can beat her there by a few points that could be huge, the trend is very much in favor of donald trump. >> he is actually growing as i pointing out, she hasn't executed growth at all in the past few months. it is getting worse for her. stuart: what are the democrats going to do about this? if you read the media this morning they're turning their guns on bernie sanders. get out of the race. you're killing our candidate. >> he has no incentive to do that. i don't know why they're expecting him to do that. bernie sanders is independent running for democratic nomination. he has no allegiance. his leader said we're not thinking about party unity. we're thinking about the sanders campaign. stuart: he doesn't want to get out. he does not want to get it. >> why would he? he is winning contests. numerically he want be the
nominee but being contests. stuart: does he want to be the vice president, do you think? >> i think he wants to make a statement. wants to show the american people, particularly the democratic party this is not the way to go. there are people idealogically aligned with bernie sanders and they need to be accountable to. stuart: i think he is having so much fun. >> he is having a blast. if he drops out he goes back to vermont for what? this is absolutely great for him. stuart: i was told he was kicked out of a hippie commune 30 years ago, he didn't want to work. all he wanted to do is talk socialism. you have to work. >> what is wrong with that? stuart: update on the plane. >> state television, reporting aircraft debris of the egypt airplane found southwest of thee island of crete. stuart: it is down in the water. we don't know the cause. you can't tell that for couple pieces of debris. >> the search for the black box. >> how long would that take.
>> depends on the conditions of the water. stuart: my impression of the egypt situation is it is a plus for donald trump. >> that has been threshold issue for donald trump. his ability to make americans feel he can keep them safe. anything to that narrative you're absolutely right. stuart: that is ghoulish, i don't like saying that. >> there is silver lining in -- stuart: if president and bernie dancing around, never even mentioning islamic terror and donald trump is saying he is the guy we need temporary pause of muslims coming here, we don't know what you're up to, he wins the argument or not, whether bigoted or not he wins. we're in agreement. >> love that. love it when that happens. stuart: is she the nominee eventually? is she going up against donald trump eventually? >> yes i do. yes i do. stuart: nothing can change that? >> not at this point. stuart: we haven't even talked about indictment. that's okay. thank you very much indeed. >> thank you. stuart: split in democratic party and lefty media as we were
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what have we got? >> the president has been briefed up to now what we know on missing flight. he wants to be briefed throughout the day and offering support to his european counterparts. we understand the paris prosecutor opened up on the french end of it because the plane originated in paris as we know. they will delve into the flight side employees, airport staff, handlers who put baggage inside of the plane. lives of those people who had anything to do with that plane. they will pick it apart. to see if there is any issue from that end. stuart: that is important. arcly, thank you. jonah goldberg with us this morning. welcome to the program. always good to see you. i know you don't have much time for donald trump. i got that but this situation, with egyptair, i think it could be a political plus for donald trump. what say you? >> no, i think you're probably right. his original in the primaries, first time he sort of broke
through a ceiling after the paris attacks. and there is sort of a mood and hunger out there for a tough talk on terrorism and hillary clinton is essentially incapable of doing that plausibly. in fact, hillary clinton is in capable of talking convincingly about almost anything plausibly. no one believes anything she says anymore. i think, it feels pretty ghoulish to immediately go to the political scale on this, you're right. i think it does help trump. stuart: in the absence much president obama talking about islamic terror and what we're going to do about it, in the absence of hillary and bernie saying it is islamic terror, let's doing something about this, trump looks good almost by default. i want to move on to the election. the democrats clearly are split. seems to me the media this morning is turning on bernie saying good out, please! "the washington post," here is the headline. fractured democratic party threatens clinton chances against trump.
a fractured democratic party threatens clinton. in other words get together, get out of here, bernie. we have this in "the new york times." bernie sanders eyeing convention, will be to harm hillary clinton in the homestretch. what is this, jonah? "the times" has a candidate, hillary clinton. and you, bernie, you're harming our person, our candidate, what is going on? >> i think, pretty much exactly what is going on. in fact it is already clear that bernie sanders is hurting hillary clinton. if you look at that "fox news poll" which you were talking about earlier, lots of people, hillary clinton is considered not honest and untrustworthy but lots of people. well a lot of those people are probably bernie sanders supporters. i mean, what he is doing is, he is, caught hillary clinton in a vice where a big chunk of the electorate is becoming, of the democratic electorate coming a never hillary bloc within the
democratic party and that is probably why, timing of donald trump sort of wrapping up the nomination bump, bandwagon effect bump, you have hillary clinton caught in this vicious, sort of family squabble with the democratic party that promises never to end, may turn the democratic convention into replay of '68. i think a big chunk of her popularity and her deficit in the poll is actually because the democratic party is less unified than the republican party. stuart: donald trump is only brand newcomer to politics and i know you don't have much time for him. he is playing the political game extremely well, one might also say brilliantly. >> he is extremely lucky to have incredibly crowded field coming in. paired up against jeb bush and against hillary clinton who is one of most unlikeable and poor presidential candidates, poorly-skilled presidential candidates we've had in very, very long time. he is very lucky in his enemies.
stuart: you are really sour on this election, are you not. >> there is bumper sticker in 1960, kennedy versus nixon, a shame only one of them can lose. that is pretty much where i come down. stuart: got a smile. in the end i got that smile. jonah, thank you very much indeed. >> great to be here, stu, thank you. stuart: ed ren dell, former governor of pennsylvania, big hillary supporter, blasting trump for treatment of women. did he put his foot in his mouth or what? we'll tell you what he said in a moment. ♪ ♪ (charge music) you wouldn't hire an organist without hearing them first. charge! so why would you invest without checking brokercheck? check your broker with brokercheck.
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call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. stuart: egyptair flight 804 down in the mediterranean. some debris found and something else. >> first off, greek military officials telling news agencies they found two orange items briefed to be a part of a the plane. one a long on belong piece. a saudi arabia television station two bodies were spotted in the ocean close to that debris. none of this confirmed by authorities but that is what we're picking up. stuart: we don't know the cause at this point? >> no, we don't. stuart: got it. looks like lower open for the market when we get underway in few minutes time. some unease on wall street about the egypt air incident.
european markets, they're down and egypt air situation is a factor there. we'll be down 40 or 50 points. walmart though, that is a winner and a big one. as soon as the bell rings it will go up five bucks. higher sales, good outlook, up goes walmart. and now this. i find it hard to believe. former governor of pennsylvania, hillary campaign surrogate ed rendell said, trump will be hurt by the fact there are more ugly women in america than attractive women. here is the quote. it is in "the washington post." if you can't be a 10, if you're flat-chested, that will come back to haunt him. there are probably more ugly women in america than attractive women. people take that stuff personally. what, eboni, what, if that had been said by republican, before we discuss ed rendell, before we said by republican, forgive my french, all hell breaks loose. >> you're probably right, stuart.
>> i am right. >> this is where the republicans have opportunity in my opinion speaking as non-republican. stop hitting people say the democrats are party of women. stop letting them get away with that. don't just relinquish that. fight for your position to be equal playing ground for the women's vote. stuart: what exactly did he mean by that? trying to interpret this. what does he mean? >> essentially saying women vote based on their looks, and that is so remarkably, breathtakingly offense sieve and empen interestably idiotic for ed rendell step in like that. stuart: women vote on their own looks? >> i think this is what he is saying. women he deems ugly, which he disagrees with, that there are more ugly women, that is nasty term, those women are so offended take it so personally they have been demoted by donald trump aesthetically they will be bitter and vote for hillary. that is what i think he is saying. that is how i interpret it. >> i didn't take it like that. >> but either way, what do you
mean? i see beautiful women every day walking around. what are you talking about. stuart: "washington post," to talk about women being flat-chested or ugly to use that word, beyond -- beyond -- >> ed rendell to have that sentence construct is -- i beg your pardon is astonishing. stuart: use it as some kind of anti-trump, pro-hillary statement is unbelievable. >> i think he is insinuating -- use unattractive, i hate the term ugly. don't even use it, not part of my vernacular, they will be so bitter and hold a grudge against trump it will hurt him politically. i think that is how they think, liz. i truly do. stuart: very serious day. i wanted to get that in because such an extreme statement. inexplicable. >> it still sticks. or thinking it like he said. stuart: moments away from the opening bell. walmart, that is the stock to watch. it is bucking the retail ice age trend. better sales.
of and a nice outlook, it is going to open up, four, possibly five dollars. it's a dow stock, putting some support for the dow. donald trump already releasing a short list of possible supreme court nominees. judge napolitano says that move is unprecedented, wait for it, he says it is scandalous. why? he is coming up after this. the pursuit of healthier.
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>> well, the opening bell is coming up in about ten seconds time. the incident with egyptair, one of them is down in the mediterranean. not a cause yet. we're off and running and expected to go down about 40, 50 points by the time we've fully opened up. we're down in the early going. show me wal-mart. that is the stock of the day, very probably. opened with a gain of 7%, up 4 bucks. does that buck the retail ice age trend? it's a good question. up 4.89 as we speak. ashley webster is here, liz macdonald and scott shellady in london of all places and he should be arrested in london with that cow jacket. [laughter] what are you going to say, go on. >> it's not something i wear publicly stuart, anywhere, you
don't have to worry about that. stuart: you sent me a cow jacket once, i remember liz: it said like non-gmo foods. >> that's right, politically correct. stuart: okay, ashley, let's get cracking with the numbers from wal-mart, give it to me. ashley: revenue beating expectations, and impressive when you consider the retail ice-age. and especially when we've been following this closely and raiding guidance for the second quarter. spent heavily on wage increases and analysts think now they can cut prices, haven't been able to do it because they've been investing in wage hikes and on their on-line offerings. watch out target. one number that stuck out. wal-mart is one quarter of all grocery dollars in the united states liz: yes. ashley: that's huge. stuart: dr, they've got a nice outlook, what do you say to buying wal-mart at this point?
>> well, i don't like it after it's had a huge jump. maybe on a pullback if you're looking for something that gives a solid stock, a solid defensive stock, which is not a bad posture. the other important thing in addition to the numbers at that ash will i gave us, their same store comps have been going and their foot traffic is going, and sales were at 1% versus 1/2 a percent growth. with all the grocery sales that ashley and liz are talking about, that's going to help them. with the room to cut prices because they've been holding prices. look out target, look out grocery stores. stuart: good one, dr. show me the big picture for a second and we're down about 60 points. as you know, the back drop today is the news that egyptair flight 804 down in the mediterranean. some debris has been recovered and the cause we don't know.
there's another factor in the market today and that's the federal reserve. as of this morning, there are two fed governors who are going to make public pronouncements, following what we had yesterday from the federal reserve, when liz, it looked to me like janet yellen was setting up maybe a rate increase in june, have i got that right? >> you've got that right and one of the most hawkish members, stanley fischer,s vice chair of the fed, he's expected to say today, he's talking right now, news breaking moments ago, he's indicating there could be a rate hike. earlier in the year he predicted three or four rate hikes, he predicted in january. now 56% chance rate hike at decision in july, one in three chance in june. and the fed chair president. here is the issue, he's dovish, and set off the hawkish comments from fisher.
stuart: i'm totally lost. one says one thing and another says another thing liz: and they all act like they have-- >> look, you've been down on the federal reserve and their performance for a long, long time. what do you make of this mess? >> it might be my christmas wish this year, i want to be in the room with all of them for one hour by myself. that's all i want. [laughter] they don't understand. in the face of the fact the philly fed came out contraction, that's horrible. jobless claims again, every single time they're out on the tour there's bad news that is slapping them in the face and saying they're data dependent. here is what it tells me and i agree with elizabeth. they just really want to raise rates and only looking at good stuff in the economy or good thing happening in the economy, but there are 75% other bad things they're totally ignoring. they nt with a-- want to raise them and just like in december when they shouldn't have. i don't like zero rate, but on the other end, they're on a
corner, damned if they do, damned if they don't. stuart: and getting no clear signals whatsoever. ashley: and don't know what's going on. >> there's too much talking, act like they should have their own hollywood agents. stuart: raising interest rates in a time when the economy is clearly slowing down. what are you doing? why are you doing that? i don't get it, i really don't. enough from me. how about this? investors are in cash, cash levels from investors at the highest level in 15 years. all right, dr, is that a signal, there's a whole bunch of money to go in or is it a signal there's a whole bunch of money to come out. again, i am confused. tell me. >> you point out both edges of that double edged sword, stuart, very well. so there's cash that could go in, but the cash has come out for a reason. it's because of all of this uncertainty we were just talking about, the fed has been one of the things that people have perceived as a safety net
under the market. now they say they might move that further away. people are getting antsy, i think we see that in a couple of other prices in a couple of sectors. we've seen strong utilities and defensive types of stocks and even defense stocks like look heed martin. all of these have been doing well and others not so well. people are concerned and they're pulling their cash out and not wanting to be involved right now. >> okay. scott, i want to get to you, not about the federal reserve and not about cash. oh, go ahead. go ahead. stay what -- say what you have to say. >> you know why there's so much cash on the sidelines and banks, they're so excited about earning another quarter percent more on their money. stuart: now to my question, the dow is down 70 odd points. do you think any of that loss is due to the egyptair situation. >> no. >> no, i don't, we'll wait and find out what's coming up in the investigation. i don't. hopefully i think we've got a problem on our hands and the
fact that the fed and also with the stock market. the stock market's going to be lower because the fed's going to talk about rates higher. as soon as we see them lower, the fed won't be able to raise rates and we'll be back on that train again. stuart: you're killing me, i'll move on. the sec, listen to this one, the sec is suing the golfer, great golfer, phil michelson. what's this about? liz: one of sport's most iconic figures, basically sued by the sec, they want 930,000 out of him for basically insider trading he was leaked tips spin-off of dean foods of a unit and that was leaked by, allegedly by the chairman of the company who has stepped down and now is being criminally charged. and leap to a las vegas better named billy wall yy walters cri
charged, and phil michelson not being charged, but asked to pay that. >> nasty, nasty thing there. stuart: wal-mart is up 7%, there's another dow component that is also a winner, i don't know what it is, nicole. nicole: let's check out cisco systems, a loser in over 52 weeks, however, today, it's up about 5 1/2% and hasn't crossed its annual high, however, up arrows because they came out with better than expected numbers, the forecast was better, and it's the foray into other areas, not just hardware, but services business, video conferences and firewalls and that drove their business. stuart: that's a nice gain for cisco, we don't see them move that much. i want to go back to what we call the retail ice-age. the chief guy at the gap says he's open to selling retail stuff, clothes, i guess, from
the gap on amazon. hold on a second, liz. let me get this right. you'd go to amazon and you'd actually buy stuff from the gap via amazon liz: correct, because amazon like co-hen company and say they could be the number one retailer by next year. gap shares lost a third of its value and plummeting sales. and saying it would be dilutional for a retailer not to be on amazon. we see items from nordstrom and macy's on the site and now they could be pointing toward amazon to maintain its footprint in this. >> i agree. stuart: so you go to amazon and buy something from the gap and amazon gets a piece and gap gets the rest. ashley: can't beat them, join them. stuart: i hear you talking. you like the move by the gap, buy them at 17? >> well i think every clothing retailer is going to have to look at the model. bezos, we've seen for 16 years,
analysts say he's not making any money, he's not making any money because he's been building out the best distribution network in the free world, no doubt about it and they're going to have to tap into his distribution centers and reach into the marketplace, and i think it's not particularly, will this drive gap sales this week, but i think we're going to see all of those names you just mentioned coming to amazon and putting up a store front there. >> this comes under the title, if you can't beat them, join them. >> why not? >> that's right. well said, and that's for sure. i've got news from disney, the chief bob iger, he's told investors it's unclear in the long-term if disney will continue to sell its content to companies like amazon or netflix, explain, please? >> this has been a nice revenue stream for companies who can sell content onto third party platforms, it's been very good. however, iger points out you're kind of hurting yourself, if you continue to build up the
brand of a netflix, then you may see more people getting out of traditional cable tv, which in the long run hurts them because they lose subscribers. so, it's a good injection of cash in the short-term, but he says on the long-term, i'm not so sure it's great. stuart: wrap it up, scott shellady joining us again from london? >> i like that move that amazon is doing and i agree with the comments earlier about them building up something over the long haul here. it's going to be that way and i envision that in the future. it will be the mall where you can get everything. so, ultimately, it's a good thing and i think if they're going to wrestle with that going forward like disney does, it's the way of the future. >> watch out, disney could be making a bid to have its own netflix unit and that's key. all right, everybody, thank you, dr, and scott shellady from london. appreciate it one and all. >> i want to go back to wal-mart. yeah, higher sales and rosie outlook they came out with and the stock is up 7%. that's a big deal reaching 68.
i want to bring in the guy who coined the term, retail ice-age. burt flickinger, sorry, burt. you've got the retail ice-age and i got your name wrong, look, you say that there is a retail ice-age for some of the big names in retailing and it's largely the result of amazon on-line dominance. is that your point? >> stuart, you're completely direct. as you and ashley talked about earlier, amazon has a growth rate of approximately 25%, that's taking out of bricks and mortar retailers out of department stores as you and ashley reported yesterday, the big downdrop of target stores as well. stuart: is it also, maybe, an economic indicator? if sales are down at so many of
the big names, that's not just accounted for by on-line selling. is it an economic indicator as well? >> stuart, it's clearly an economic indicator. working people and from students to seniors, are economically getting crushed. their monthly expenditures are going up in all ten categories. prices and leader motivator in terms of where people purchased. amazon has the lowest price, hence to your point, amazon is getting the increases in wal-mart and wal-mart up 1% in same-store sales, that's up over five years of negative same-store sales. so even with what's working, it's barely working in the shopping centers and shopping malls, while amazon is running the table. stuart: real fast, is wal-mart a bright spot? >> wal-mart's a bright spot because the ceo's cleaning up 15 years worth of problems that have been passed to him by predecessor. stuart: burt flickinger, thanks for coining the expression. it worked for us.
thanks a lot. check out the big board. we're down, but not as much as we were before. it's a 45 point loss as we speak. one of the reasons that we lost, one of them, is the price of oil. it's down a buck. when oil prices go down, we tend to see stocks go down. oil back at 47 this morning. how about dick's sporting goods? better profits and i believe it's a big winner, nicole, tell me. >> it is a big winner. that sector is a tough one. it allows for bankruptcy in march and dick's is bidding for some of the stores. the strength came from gulf galaxy. dick's rose about 1/2 a percent, in the near-term there's a cloud over dick's because the whole sporting arena, concerns whether people are shopping on-line and concerns about customers spending for apparel overall and they gacame in with the top end of the earnings.
8% gain, i'm sure we'll take that. thanks, nicole. complete change of subject, away from the markets, away from egyptair, no, this is something very important. donald trump releasing a short list of who he would nominate for the empty supreme court position if he were president. judge napolitano is here and he says this is a scandalous thing to do. scandalous? >> it is scandalous for certain of the sitting judges who now are going to have to bend over backwards to distinguish themselves from this public dispute. so, let me back up here. i can't imagine that they consented to their names coming out. and that would violate some cannens of ethnics. it's canned-- scandalous because the people
on the list would be constrained by what they can say and do, is that your point. >> yes, because lawyers that you and i have not hesitated to criticize, would suggest, maybe you shouldn't be on this case because donald trump would be pleased if the case went this way and donald trump has named you as someone he's considering. that's one way to look at it. i'm trying to get into the mindset of the people whose names he advanced. stuart: very pleased. >> on the other hand, they're appellate judges, federal appeals court judges or justices of state supreme courts? who wouldn't want to go on the supreme court of the united states? the third way to look at it from mr. trump's point of view. he is continuing an inexorable march toward uniting the republican party and demonstrating bona fides to the conservative wing of the republican party some members who have attempted somewhat craziyly, i think, to try and recruit a third party candidate
to run against him. he now says, look, these are the people from whom i would choose to be the successor, and don't say replacement because there's no one to replace justice scalia. someone pointed that out to me. so successor to judge scalia. anyone who knows the judicial ap political community in the united states knows that these are bright, young, in their 40's and 50's, young by your standard and mine, members of the judiciary whose conservative bona fides can't be in question. if he's serious and no reason could believe he's not to squash critics. stuart: this was a brilliant move. came out relatively quickly, it's a solid list and shows he's on the job, on the ball, knows how to organize and
enterprise as he goes forward towards the presidency. he's done himself nothing, but good. >> i agree and he's actually done it one step further, if i may, than the way you've described it. he told, he revealed how the list was created. he didn't create it, and the people around him didn't create it. he went to two stallwart conservative/libertarian legal organizations in the country, the heritage foundation, guess who runs the legal department of the heritage foundation. former reagan attorney general edwin meese whose conservative bona fides, nobody can question, and the federalist society, which is a little bit more libertarian, pardon me, than the heritage foundation. those two groups together, which monitor the judiciary all the time, came up with this group, presented it to donald trump. there may have been others in the group, i don't know, but these are the 11 he extracted from the group. stuart: i'm smiling. >> why are you smiling? >> the minute lasted 2 minutes
and 45 seconds and in that time you've come a long way from scandalous to a good move. >> it's a very good move for donald trump, but i feel sorry for some of the judges who now will be constrained by what they can say and do. stuart: they will be as pleasede list to be the next supreme court justice. come on. >> what are their odds? one in 11. stuart: it doesn't matter, you're on the list, and you might be that person. we like to have you on the show. >> i'm glad, you're admitting after all of these years you like my style. stuart: and i want to bring everybody up-to-date on the dreadful story, egyptair, the plane down in the mediterranean, the latest. ashley: more of the reports, there's more debris spotted 50 miles from the place where the plane was seen on radar. pieces of plastic, some colored
orange. one tv station in saudi arabia say two bodies have been seen floated in the mediterranean. no claims from the usual suspects, isis and other pilot says he was on the same route on the same time from milan to jeddah, he says the conditions were absolutely perfect. he was 2000 feet above this plane. and we don't know, obviously catastrophic. stuart: donald trump advancing his economic team meeting with steve moore today. and steve moore will be with us in a moment. and the democrats, it's wider, saying that bernie sanders isn't afraid to further hillary clinton's chances to win in november. the schism grows.
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. >> jeff sessions is one of the advisors, he's going to meet with kudlow and others and discuss the plan. steve moore, the tax plan i first saw from donald trump was flat-out tax cuts across the board, individuals and corporations. >> yep. stuart: you're not going to advise him to move away from that, are you? >> stuart, how long have you known me? am i going to move away from cutting tax rates? no. when you look at trump's plan, cuts business tax from 35 to 15, tax rate on small businesses from 40 these are big reductions anybody who pays taxes are going to get reductions. and we'll talk with senator sessions, maybe a way to tweak this plan and make it not so
expensive. the tax foundation says loses 9.8 trillion in ten years larry and i think you can do the pro growth stuff and cut that plan in half and make it more manageable and balance the budget. stuart: can you tell us how you would do that real fast in layman's terms? >> yeah, look, one thing that we're proposing is to cap the amount of deductions that people get. so, middle class people would still get most of the write-off. let's say picking out a number. 40, 50,000. that would be your-- the total amount that any individual, whether it's stuart varney or bill gates can take on their tax form in terms of deductions. it's not going to affect you too much, but somebody who is a millionaire or billionaire, that person is going to have to have their deductions capped. if they buy the $10 million house, stuart, they're not going to be able to write it off and other loopholes and deductions we'll lose.
like reagan did, reducing the deduction and lowering the rates. that's good tax policy e i'm going to sum it up like this. you lower tax rates and you cap deductions. >> you got it. stuart: you get growth. that's your advice and what you're going to tell him today? >> just one statistic to keep in mind. for every one percentage point in growth. 2 to 3%, that's nothing, a lay-up. you get 3 trillion more revenue the best way to reduce the deficit is growth. stuart: steve, we like what you say. forcefully, okay? good stuff. the egyptair situation, donald trump says it looks like terrorism. the search for the wreckage continues, a couple of bodies have been found, we are told. in our 11:00 hour, much matter, monica crowley how donald trump is pulling in democrats to vote for him. she'll make her case on that one. the second hour of "varney &
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>> coming up here on 10:00 in new york. 7:00 california. we woke up this morning, the news of a plane down in the mediterranean and egyptair flight from paris to cairo. flight 804. 66 people on board, some debris has been spotted. ashley? >> yeah, and continuing the reports of debris being picked up now, there's a large search effort going on in the eastern mediterranean. the debris field about 230 miles west-southwest of the island of crete. the plane disappeared ten miles into egyptian air space. it was 35 minutes from landing in cairo when it disappeared from the radar. it went from 37,000 feet, cruising altitude, all the way down to 22,000 feet. at some point, it did a 90 degree turn to the left and when it leveled out. it did a 360 degree turn, a complete circle, to the right. obviously, it was out of control, but also, analysts say
it suggested it was not an explosion. if there was an explosion this plane would have gone vertically straight down. it did not. of the speculation as to what happened. the pilot was experienced, had thousands of hours flying this particular plane liz: to ashley's point am immediately entering egyptian air space it started to swerve dramatically and corkscrew around and started to drop. there's indication there may have been three children on board as well. stuart: we don't know what the swerving around. ashley: the last contact with the pilot. he was in good spirits, so-- >> terrorism suspected, not confirmed, we can say that. joining us now, chris harmer for the institute of war and judy miller, pulitzer prize winner. chris, your point first, this destabilizes egypt, terrorism or not. egypt is destabilize and if you work futher from there that
could make worse the migrant crisis of people leaving north africa to europe. >> unfortunately you're correct on all points. egypt could be destabilized. if you look at the metro jet craft, that was a terrorist attack and another incident where aircraft offering in egyptian air space, so whether this turns out to be terrorism or not, it's destabilizing the construct. i think it's going to happen no matter what. the syrian situation is so bad and the rest is train wreck. stuart: judy, you have intimate knowledge of egypt and worked and reported from there many, many years. >> i was there in november looking at the last plane crash there. stuart: is my premise correct, that this destabilizing futher.
>> the russians visiting have decreased, the tourists are not americans, they're russians. and confidence in egypt's ability to control security is depressed. stuart: it makes it worse for the migrant crisis, am i reaching there? >> i don't think that's a problem with egypt. the real problem is isis' goal is egypt. 90 million people, all-- more than all of the rest of the arab world combined. if they can get rid of the president who is pro-western and anti-islamist, they will have the largest victory they ever achieved. that's their goal so they're fighting in the sinai, fighting from libya. if they couldn't hold, isis wins.
stuart: the migrant crisis has split the confidence and this, the plane took off from paris. >> i don't do political analysis, i do strategic analysis. i can't say conclusively that it's a terrorist act. it wasn't a weather event. >> you give me the strategic analysis. >> the strategic analysis is that europe is falling futher and futher behind to portray themselves as a stable society. look at attacks in belgium and paris. ongoing problems with the aviation security. none of this and the ability to control the migrant flow, that egypt is not handling the
crises well and is destabilizi destabilizi destabilizing futher, this is a disaster already, judy miller? >> it's a disaster at a time of instability and in europe, political instability because i look at political analysis. you already have the resignation of the austrian chancellor, you have angela merkel losing three major provinces in germany. you have the rise of the right in france and questions about belgium hanging together. and you have concerns about their ability to control their own borders. this is an absolute political nightmare for the europeans. stuart: thank you, everybody. chris and judy. judy is the author of the book "the story", thank you very much, appreciate it. >> thank you. stuart: donald trump has been tweeted about the missing egyptair plane. tweeted out, looks like yet another terrorist attack.
airplane departed from paris. when will we get tough, smart and vigilant. great hate and sickness. a tweet this morning. joining us is co-host "the five", and had the author of "we the people", everybody knows juan williams. >> good morning. stuart: i think it's a plus, politically, it's rather ghoulish to say it, but it's a plus for donald trump. >> plus in that trump takes in the fear and policy politics. when we ought to get strong and vigilant, i don't know what he thinks the united states-- >> here is where the president and hillary clinton and bernie sanders want saying islamic terrorism. they dance around the issues. they can't call it that. donald trump says, wait a minute, i'm a president and we have a temporary halt to
muslims until we find out what's going on. >> i don't know if it's popular with the american public. stuart: you don't think so? up in the polls, juan. >> you want me about that specific policy, stuart. that specific policy is not one that most americans embrace and most conservatives see it contrary to-- that's what i've seen, i haven't seen anything recently in the last few days. stuart: i can't quote you a poll, but i'm pretty sure that not a lo >> stuart, you're right about certain people. his base, i think, it sparks his base and appeals to them and exactly on the point that you raised earlier about the president's refusal to call out islamic terrorism as such. the president has his own strategic concerns not wanting to alienate the muslim community around the world and start the idea of a western war against islam. that's the decision by this administration.
some people see it as pc talk. stuart: quickly. i've never seen such strong language, bordering on hatred, coming out of the liberal media and directed at donald trump. in the last two days, i've seen him called a liar, a figure shifter or something, i can't remember-- >> shape shifter. stuart: shape shifter. they're utterly contemptuous of him. i see that as the left panicking because their candidate hillary clinton is in a lot of trouble? >> well, i think there's a response on the part of the mrn media, judy miller, be interesting on this point, i think that the feeling is that donald trump has played the press to a a fair thee well, an they say we need to take him seriously and increase the amount of scrutiny. stuart: and take him down. >> i don't know about that. stuart: had i
stuart: hillary clinton is in trouble and the media doesn't like it. >> do you think you engage in wishful thinking, stuart varney? >> would you contest the view that hillary clinton's candidacy is in a lot of trouble? i accept that she's going to be the nominee, but she loses countless one after another she's losing states and there's no enthusiasm for her and we haven't mentioned the investigation and i forget the word. >> probe and indictment. stuart: what is it, indictment, indictment, yes. >> let me just say. stuart: do you want to respond? >> i'll respond, again, i think that hillary clinton candidacy has a flaw. but 3 million votes than bernie sanders and millions more than donald trump. if you look the a the electoral map it's a tough, tough argument for a democrat-- for any republican, and donald trump.
stuart: and i could stretch this out. >> everybody go home. [laughter] >> thank you, juan, we'll see you tonight. and look what we've got, the dow industrials, i'm going to say falling out of bed in the last 10 or 15 minutes. now we're down 151 points and i think the reason, i think you're right, ashley, i think that oil, oil is-- >> oil and the fed. the realization that the fed is looking hard possibly at july. we saw the impact on the markets yesterday and i think that sinking oil is not helping at all. stuart: oil is down a buck 40, that's a significant drop liz: i think they should stop talking, they shouldn't be talking and-- >> and liz, you're telling me to shut up? and-- >> everybody be quiet except judy miller. [laughter] >> and now look at wal-mart, i think they've got that at the bottom of the screen. but do take a look at it. it's doing remarkably well,
better sales and they're doing very well, ash. >> if it wasn't for wal-mart, the dow would be down more than it is right now. the profit and revenue, the expectations, very impressive quarter. revenue at 115.9 billion in one quarter, and guidance for the second quarter. very good indeed. >> i tell you something, it sounds good, but wal-mart is fractionally moving higher 1% as it did last year, 1%. what is happening? people are saving more and spending less and pocketing their tax refunds and gas savings and looking for cheaper stuff at wal-mart. stuart: is wal-mart doing well, a comment on the economy, that's always a question that they throw out. stuart: look, they have cheap groceries, cheap food. they have a quarter, the entire grocery business of the united states. so when they cut prices they get a lot of people spending money in wal-mart, that's what's going on here, come on. up next, the democrats. [laughter] a british expression. the democrats and mainstream
>> we are following developments in the missing, the downed egyptair flight, flight 804, down in the mediterranean. more and more debris being found now. southwest of the island of crete, there's a lot of search rescue efforts out there. recovery efforts i should say. large pieces of debris. this is animation showing basically what they believe, what the radar was telling them. did a 360 turn and plummeted from 37,000 feet down to 22,000 feet and 15,000 feet drop quickly, but what it also suggests there was not an explosion. if there was an explosion the
cruising altitude, the plane didn't shut down. what is suggests complete lack of control. what was going on inside the plane. the pilot and co-pilot very, very experienced, thousands of flying hours under their belt and it's a reliable, safe plane. stuart: what caused that to circle, we don't know. >> we don't know. that's the question. >> all right, check that big board because we're headed futher down. and the price of oil is down sharply. a buck 43 lower, when oil goes down like that, you can expect some fallout in the stock market. that's what we're seeing, of course, there's speculation about the federal reserve raising rates quickly and that's not helping, either. the teen retailer, urban outfitters, 12% higher, it's a big winner, they're selling clothes to youngsters. only three dow components are in the green as in going up. they are wal-mart, cisco, nike,
the only three winners of the 30 dow stocks. juan williams is still here. we like that, by the way. >> i appreciate that. stuart: now, take a look at this new poll. in a hypothetical head to head matchup. trump tops clinton 45 to 42, within the margin of error and it's a statistical dead heat. juan, this must pain you, trump is going up in the world and hillary is coming down. >> typically the polls showed hillary with a substantial lead and you see some decline here, the other interesting point i'm sure that stuart varney will mention, i give the audience heads up, hillary's unfavorables are now higher than donald trump's. stuart: he emerges as more likeable. >> let's not get-- what's in the poll is neither of these candidates is very attractive to the american voter. so it's a choice of which one do you prefer.
there's the case, stuart, as i was saying earlier, if you look at the electoral college map it's a different story. the polling that we just saw reflects the eventually results. stuart: the times, the new york times, in sending a not so veiled message to bernie sanders, here is the headline, it reads thus, "bernie sanders eyeing convention, willing to harm hillary clinton in the home stretch", that sounds like hillary is the time's candidate and get out, stop hurting our person. and donald trump tells shaun hannity, he doesn't think that bernie is treated fairly. >> she goes into west virginia, gets killed, actually-- . she got half the delegates. >> she got half the delegates, i saw that, like almost half the delegates or maybe half the delegates. if you add the supers on, it's more than that, it's a rigged system. i'm no fan of bernie, but i
tell you he's not treated fairly. stuart: that's strategic politics, trump knows-- >> he knows perfectly well that hillary is his opponent, so talk up bernie sanders, do a third party run. >> it's so transparent that even stuart varney sees it. my point is, the rules were set. i mean, one of the things that upsets donald trump about the republican process was he didn't like the process it's he have is and complained about the idea that the convention could be rigged. well, you know, the rules are put in place before this run and the same thing is true on the democratic side. would you like to see bernie sanders start a third party run? >> why not, that would really help donald trump. why don't we just get pompons. [laughter] >> juan, we'll be watching "the five" tonight, mention us, why don't you. >> absolutely. you know, greg gutfeld mentions you a lot. stuart: he does? >> he's a fan.
and sometimes humorously, but-- >> makes fun of me. i don't get it, but listen to this, usa today compares apple to enron. the paper says that apple's losses far greater. ashley: come on. stuart: we will tell you the full story in a moment. and the obama economy, u.s. growth prospects downgraded for the year. we're back in just a couple of minutes.
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underway in paris on anyone that had any contact with that plane before it left late last night. it left at 11:09 p.m., local time in paris. a routine flight on an airbus a320, which is a very safe plane. everything was good. even the last contact with the pilot was absolutely normal. he seemed in good spirits and then, this plane disappears. we know that it swerved violently and a spin from 37,000 feet. we've been looking at the fall out from egypt, encouraging migrants to leave, but what you just said we should consider european security at airports because that's now thrown into doubt liz: the fbi routinely complained that european security at airports is abysmal. stuart: despite the attacks in europe. ashley: the french have recently done a review of every
employee who has access to any plane and found 60 of them that exhibited and actually published radical islamic tendency. those 60 people were let go. stuart: i've said that there's no-- very little direct financial impact on the overall stock market. i believe that's true. ashley: yep. stuart: however, there's an impact because people are worried and nervous about stepping onto planes in europe which have come from african airports, for example. there's now a greater concern about the security of air travel and air flight liz correct. stuart: it's another factor that's going to raise its ugly head because of this incident. and sena carolina, thank you for joining us on this particular day. good morning, stuart. good to be back with you. stuart: i'm going to speculate whether it's terror or not, we simply don't know and i'm not
going to speculate in that area. forgive me, sir, i'm going to talk politics. it would seem to me that donald trump wins or this is a plus politically for donald trump because he's the guy who will not dance around this issue. he comes right out and says, a temporary ban on muslims coming here until we find out what's going on. and i hate to be ghoulish, but this is a plus for donald trump. that's my opinion. >> well, i certainly could understand and appreciate your opinion, stuart. i would say without any question if donald trump were our president, he would put together a worldclass team of military experts to analyze, evaluate, how we can help stem the tide of violence all over the world because specifically when isis targets our allies or ourselves, we have to have a strong, forceful response and not just a deliberative process, i think that donald trump would give that response. stuart: this accident, whether
it's terror or not, comes right into america's general election. and i'm not going to say it's a factor in the election, beau it's the back drop as of today. >> it will continue to be. there's two major issues that i hear all throughout south carolina, number one, jobs and the economy, and number two, the threat of isis and the threat of terrorism on domestic soil. anytime we can have strong leadership that helps us focus our resources and our assets in a way that eliminates the terrorist possibilities, we're in better shape. if we can have someone who can couple a strong national security platform with jobs and the economy for those living paycheck to paycheck, we're going to be a strong country. >> can i raise the issue of president obama extending overtime pay for several workers? i believe you're against this, can you tell us why? >> absolutely, having been a business owner and lived most of my life paycheck to paycheck.
i understand that the obama administration's policies make it more difficult for people in the work force to get a raise. doubling the overtime rules only mean that more people working paycheck to paycheck will see their wages go down or stagnate. the opportunities for being able to be promoted and become managers or supervisors are going to be smaller, smaller, and smaller over time because this administration does not understand the impact of more red tape on job creators, which translates into fewer opportunities for people living paycheck to paycheck. stuart: senator tim senate, republican, south carolina, thank you for taking time out of a busy day to be with us this morning. it's much appreciated, sir. >> good to be with you, stuart. stuart: yes, sir. we've got a selloff on wall street, and down 140 points. all kinds of things happening on the egyptair front and on the financial front as well.
. stuart: an egypt air flight, flight 805 from paris to has gone down in the mediterranean. earlier today i spoke to trump republican advisor. watch this. >> the administer of egypt saying it is most likely terrorism. there is a problem with airport, and we know paris airport had a problem, belgium has a problem, eason british airports have a problem related to security and terrorism. so this is only going to add to the problem. stuart: yes, it is. let's bring fill fox news radio host and licensed pilot tom sullivan. first of all, can you explain what happened, why it happened
that the plane take took a sharp turn to the left i believe and then did a 360. how do you explain that? >> radar correct. the plane was coming apart. all it was doing was picking up a piece that flew off to the right, piece that flew off to the right, as it don't have, it took two to three minutes to hit to the water. so the indication is? >> that there was a bomb. stuart: really? >> you could start eliminating all of the things, but this is already pointing -- as the egyptians have said, this is pointing to a bomb. and you remember the american airlines crash in 9-1-1, it took off from jfk? the copilot on that was jamming the rutters and tore the tail off. since then, this airplane and all airbus airplanes have a rutter limiter, which means you can't jerk it to the left or jerk it to the right. so it has to be radar tracking
of pieces of the plane coming apart. stuart: now, we have a tsa long line problem in america. does that incident, this incident, does it make it worse? >> it will get much worse. stuart: why? >> because one of the reasons tsa lines are so much bigger now and this summer is because of the fact that they were failing their own internal test of fake bombs, fake guns, and things like that. 95% of the time. so the tsa says we're going to crack down and do this much more diligently after something like this, stand by. i think they're going to even crack down even more because i suspect this is a security failure at the security lines. stuart: it is extraordinary, is it not, that you have all of this fall out from this incident. we don't know that it's terror yet. >> we don't. stuart: but endless fall out. you think there's a problem security in paris? >> yes. stuart: the plane did -- >> even paris said that was one of the problems. they had the problems at paris. we've got problems in this country too. it's not -- it's so easy to
get something like that through. that's the problem. and so they're going to have to be even more micromanaging the security lines, which is just going to make them of each worse. stuart: and you're talking about an enormous impact worldwide from what happened today with egypt air. >> yeah. repercussions roll on and roll on. and remember al-qaeda, isis, these guys are smart bomb makers and making them more and more detectable -- nondetectable. and, look, we're speculating here. this could be a lot of different things. and everybody in aviation says don't go speculating. but this -- you start eliminating all the other possibilities pretty configure quill in this particular stor s. stuart: tom sullivan, a pleasure to talk to you. you know what you're talking about. we like that. thank you, tom. >> thank you. stuart: to the big board, let's check stock prices this morning. i don't believe that the egypt air situation is having that big an impact on stock prices this morning. overall, there are problems with the federal reserve, which may raise interest rates soon. and certainly there's a
problem with the price of oil, which is way, way down today. down -- well, it is now down a buck. so we've come back a bit on the market. we were down 51.60 and now down 20. we were down a buck 40 on oil. now down a dollar. so there is that relationship, which is not helping wallets this morning. but do look at walmart. you could say that this is bucking the retail ice age trend, which we talk about all the time. that stock is up 9%. their sales have gone up. american eagle, higher sales there, especially online. good for a 15% gain. and strong growth at the software company sales force.com. that stock is up three bucks. that would be a 4% gain. how about cisco? this is the -- this is the computer technology company. not the good delivery service. cisco with a c. a dow winner. another 4% gain there. all right. that's egypt air. that's the markets.
how about the election? look at this, please. a new fox poll shows a record 61% have a negative view of hillary clinton. it was 58% in march. switch it around to look at donald trump, 56% unfavorable. but that's actually good news for him because his unfavorables a record of 65% just two months ago. what does that tell you? megan mccain is here, and she's going to tell us. i think it's good for trump and bad for hillary. >> it's very good for trump right now. and it -- i think the reason why democrats are panicking so much is bernie sanders is weakening her, continuing to make her a vulnerable candidate, reducing to get out of the race. everyone thought republicans are going to have this bloodbath and take it to the convention. i think bernie sanders is going to take this to the convention. i think all the things they thought they were going to happen to republicans with, are going to happen to democrats. i think it's violent and it could lead to a big one for donald trump. stuart: the media this morning is basically telling bernie get out, please.
>> and very liberal pundits who have defended him and supported him and even surrogates of his have come out and say -- because they can see the writing on the wall. stuart: the writing on the wall is hillary is not running a very strong campaign. >> no. she's not, and i love it. stuart: and donald trump is all over her. >> uh-huh. stuart: and bernie sanders is shifting support away from her, pulling her left to the point where -- i don't think you could elect somebody as far left as that quite frankly. >> yeah. and i have democrats very insulted at the implication that their party should become a socialist party. there are rational democrats left in this country. i know that's hard to believe. but i know them, and i've talked to many on my -- well, i mean really. but implication that we are going to have a socialist party in the country i think makes a lot of hard-core democrats uncomfortable. yes, sir? . stuart: megan, i want you to listen to this. we put this out early this morning. frankly we find this absolutely incredible. pennsylvania's former democrat governor and clinton campaign surrogate, his name is ed rendell.
now, he's apologizing today for an attack on donald trump's women comments. now, let's backtrack a little. ashley: uh-huh. stuart: here's what rendell told the washington post. here's a direct quote. this is what he said put in writing. this is it. "you can't be a ten if you're flat chested" that will come back to haunt him, as in donald trump. there are probably more are you willing women in america than attractive women. people take that personally. now, wait a minute. my interpretation of that -- i don't know how to interpret this. all i do know is that if a republican saying that, all hell breaks loose. >> there would be -- it would be the number one story all over cnn right now. and i just think when you're talking about the quote war on women, you're seeing all of these videos of people going up against bill clinton. when he's talking about history regarding the abuse and the scandals and his relationships with women throughout the years. and democrats don't have a bullet right now because bill clinton's long history of abuse and rape allegations and all of these things, which are
going to come back to haunt him, which is one of the things that i like about donald trump is that he's going to hit the clintons in the jugular where it hurts. and young women across america, donald trump may make comments about women's looks and things like that. but he was never accused of assaulting women and doing the kinds of that things bill clinton was in office. stuart: what was your interpretation of what ed rendell said in the washington post? >> that unattractive women vote, you know, basically -- based on policy. don't based on policy. stuart: women vote according to looks? >> thank you. clarity. women vote according to looks. it's reprehensible. stuart: i'm astonished that you would say that. i'm absolutely astonished. with all of that experience, and he puts that in print in the washington post? >> in the washington post. >> i think he's an idiot. [laughter] i don't know what else to say. who would say something like that? >> all of these liberals that talk about women in this way. this is how we're voting. ashley: republicans with the angry vigils in the streets with torches. >> yes.
ashley: complete opposite. i can't believe he said that. stuart: i really am not much shocked but shocked. >> the word flat chested out of your mouth in any context. there's a little piece of advice from megan. stuart: one more for you. stay right there. not too much came out of mark zuckerberg's meeting with conservatives yesterday. facebook says they respect conservatives and that they're important. many, megan, that ed rendell story. >> yeah,. stuart: that's nowhere on facebook. >> yeah. i -- [laughter] the problem with the facebook meeting is i still need to know this was anything other than a pr ploy for mark zuckerberg. ug orbs v.com showed republicans had a 6% drop of approval ratings as a company since this scandal happening and censoring stories. so other than meeting with conservatives, i want to know when you talk about diversity in a company, it's not just race and gender, talking about
ideas as well. and politics it's a problem that many people have had with the tech industry. i have had a long history and many problems with facebook over the years. mark zuckerberg's sister got in trouble when my father was nominated for president saying that facebook wasn't invited to the convention and she spent three days in the hotel room, poor thing republicans don't tech companies and people come out saying she's lying, and she was. and facebook has to understand that they have to mend their relationships with. i think mark zuckerberg has damaged himself by making himself so political. stuart: i've got a news alert here. this concerns the pro golfer phil mickelson, an icon of the game being sued by the securities and exchange commission. a news conference coming up? liz: yeah, sued by the scc for insider trading. this has to do with phil mickelson getting leaked tips from las vegas gambler, billie walters, who has been criminally charged about a spin-off happening at dean foods. phil mickelson, iconic golfer,
took a 2.4 million position in dean foods in his accounts. scc wants him to discourage his profits on those trades. stuart: he dragged into it. liz: , yes. stuart: unbelievably today compares apple's losses, i guess losses in the stock price to those that say apple's loss is four times worse than enron. i don't get it. i don't think anything is glowsly unfair. >> i know you don't enjoy being -- i covered corporate accounting scandals at the wall street journal and forbes. and to put a solid company with 230 billion or so in cash and investments compared to enron which is vapors and fumes, i think that's journalistic mapractice. they quoted s&p numbers on where the numbers stacked up to apple and other companies in terms of their loss in market share. pretty big. and also this is what we did. apple's stock loss since it
was introduced in the dow last year, last march, look at this. it equates to ireland, gdp, the gdp of finland and new zealand. and here's the deal. apple was introduced into the dow of march of last year. the now account, account for a quarter of the you to's downturn. about 605 points there. stuart: compare them to use the word enron in connection with apple is foolish. liz: it's affordable. it should not have been in that story. the editor should have taken it out. stuart: thank you very much indeed. the one and all. our next guest was at the democratic convention over the weekend where authorities had to be called in to call things down. nevada dnc super delegate aaron billbray is here. welcome back to the show, erin. we're going to fight and smile at each other. i got all of that. you are a bernie person. you support bernie. you're a delegate for bernie.
and you say it was the most unfair convention that you've ever seen. that took place saturday night. explain, please. >> it was. it was, you know, a convention that was not run by roberts rules, which we know are the standards. the standard rules. there was no ability for motions from the floor or any type of debate. and people were in that room for about 15 hours and not able to express any opinion and people got angry. stuart: you know, the democrat party has come right out against you, the mainstream media is urging bernie sanders, please, get out. you are harming hillary clinton. i guess you're not going to do that, are you? >> well, i hope you're not saying the mainstream media is coming directly against me. stuart: no. no. >> personally. but i think there's a lot of misconception that happened at that convention. there's talk about that there's violence. i was there the entire day. i was there with my 14-year-old daughter,
pediatrician husband and 10-year-old daughter. there was no violence. that seems to be overblown. the police were there, and there was no one that was arrested. so it was people that were angry because they were not part of the process, and they wanted to be. and, you know, i can understand that. . stuart: well, bernie is going to stay in all the way through to the convention, he has said that repeatedly. do you have any idea -- i don't think he's going to get the nomination. you can probably make a case that if you do the math a certain way, he could get the nomination. but in all likelihood, he will not. so what does he want if he pushes through all the way into the convention? >> well, what i saw here in nevada and the reason there was so much frustration and angry is there was a lot of sanders supporters that really want to be on going participants in the democratic party. a lot of these are millennials, which are going to be the biggest voting block in american history very soon. i think bernie sanders is trying to negotiate and guarantee that these
millennials will have a seat at the table and frankly they should. i think that that is the future of our democratic party. probably the future of the republican party too. we have to get these millennials engaged. . stuart: if i say the establishment part of the democrat party, debbie schultz, for example. if they're coming at you, i would have thought that that pushes some bernie sanders su hillary and maybe towards donald trump. i think that's a factor, isn't it? >> well, you know, and i'm very supportive of bernie sanders, and i was very disappointed about what happened on saturday. but i don't -- i honestly don't think so. you know, again, i think we're going to be able to work this out. tensions are very high, but i think we have enough time to get our act together by july and come together as a party. stuart: okay. i'm going to ask you my usual question. i know you're laughing. you know it's coming. i wonder if you've prepared. if someone earns a million
dollars a year, what should be the federal income tax rate that that person pays? >> well, you know, stuart, i'm certainly not an expert on tax policy. but i do think that there should be more fairness. right now what i find is that the middle class is paying too much. stuart: what's the rate? >> i mean i would -- you know, i would say that the -- stuart: 50%? 60%? just tell me what it should be. >> i think it should go back to the time of eisenhower. i think that's when we saw the country thriving. enough money for schools, enough money for infrastructure. we had to invest in our country, and we have to invest in our future. so i can't tell you the exact rate. stuart: okay. 70%? >> yeah. yeah. stuart: so if you earn a million dollars a year, you you give the government 700,000? >> well, it's certainly not anything my stuart who's a pediatrician and i have to worry about. we would just like to have good wages and a comfortable
life in the very solid middle class, and i think that's what most americans want as well. stuart: all right. we'll agree to differ. i want you to come back. okay? i think i can swallow that. okay. a new report from the heritage foundation shows insurer participation in obamacare exchanges has declined 27% since the year before the affordable care act took effect. i don't know what's going on here. tell me, liz. liz: well, basically insurers are dropping out. they found out they can't make a lot of money in these. we saw 22 have less insurers in their exchanges than they did even last year. so here's the deal, stuart, health reform has been really not such a great thing. one common sense thing that didn't happen happen. remember when health reform put 26-year-olds on their parents insurance? . stuart: yes. liz: that didn't help them float the exchanges because they need healthier bodies in there.
so it took them out. so they're, like, oh, okay. of course the exchange is going to be suffering. stuart: egypt air flight 805 vanished on its radar from the way to paris to. sad news but is it for donald trump particularly? more varney after this there are two things you shouldn't do after a kidney infection. go skiing. and skip your meds. good thing for me there's optum. with my optum pharmacy plan, they discovered my prescription wasn't filled when i left the hospital. they called to remind me about taking my antibiotics so i don't end up back in the er. and this run down the mountain... let's keep between us. this is healthier, powered by optum. from health plans to providers to employers. we connect all parts of health care. healthier is here. here's the plan. you want a career and a family, but most of the time you feel like you're trying to wrangle a hurricane. everything is hectic. and when the boys aren't eating, they're fighting. and the rest of the time, they are asleep and you can finally something done.
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. stuart: i want to bring in trump foreign policy advisor. wallied ferris. if this is terror, it seems to me it is a plus for donald trump. is it not? >> that's a very strong statement. but basically the events at this point in time are indicating. not just the tweets by trump but the indication by the president, we just learned that 20 minutes ago that the administer of egypt saying most likely it is terrorism. but we don't have a statement. that is going to have an impact no doubt about it because one of the reasons why there's a large segment of the public voting, has been voting for mr. trump, it's the concern about this global jihadi terrorism. so if this becomes effectively a case of terrorism and most likely a jihadi terrorism, then of course it would have question of fact -- not just in the united states, but across europe as well. stuart: yeah, i think it has
political impact in europe because their politics are being disrupted by the migrant crisis and now further disrupted by incidents of terror. and, again, whether this is terror or not is not important. this is an incident. i think this helps what you call a nativist parties in europe. antiestablishment parties in europe. it could only help them. >> it will help what we call the under currents. those who feel that they're not represented by the current establishment here and in europe. and mostly europe in this case because they feel that their airports are -- you know, there's a problem in their airports. and we know that terrorist airports had a problem, brussels airport has a problem, even the british airports have problems related to security and terrorism. so this is only going to add to the problem. stuart: now, up with thing i've been saying today is that this destabilizes egypt. terrorist or not, it destabilizes a country in trouble.
and therefore makes the migrant crisis that much worse. what do you say to that? >> stuart, i was listening to your remarks before since this morning. you're absolutely right. there is a campaign against egypt's economy. and therefore against egypt's stability. and egypt is the largest arab country, largest arab sunni country in the region and is fighting isis, is fighting al-qaeda. so destabilization of egypt is very serious for the fight against terrorism, for the peace process with the israelis, for the backing of our allies and friends in the gulf, behind everybody in that region are backed by egypt. so those trying to destabilize egypt are trying to do a bigger dimension than exists. stuart: thank you very much for talking to us this morning. much appreciated, sir. thank you. ashley: and coming up the third hour of varney, the senate vote says 9/11 victims families can sue the saudis. we have one of those family
. stuart: 11:00 on the east coast, it's 8:00 california. i'm going to get right to the egypt air flight 8:04. it's down in the mediterranean. let's discuss. fox news contributor washington times online opinion editor monica crowley right here. ashley webster, liz macdonald joining in. what do we know so far? >> goes on in the east mediterranean. more debris being spotted, pictures coming on now with captains of boats seeing the debris. the question is what happened. we had tom sullivan, a licensed pilot on saying earlier he believes it was a bomb. the debris seeing or plane on the radar appeared to be making sharp turns, 90-degree turn to the left and then a complete 360 as it fell from 37,000 feet to 15,000 feet in a short amount of time. he believes that that radar was picking up pieces of debris and not the whole plane itself. all of this of course is speculation. in the meantime authorities in
egypt say they had no immediate security concerns of any passengers onboard. they've gone through the whole passenger list, 66 people onboard. 56 of those were passengers. 30 of them were from egypt and another 15 from france. and, by the way, an air egypt flight has left paris in the last 20 minutes with the family of those french victims on that plane to go to cairo. stuart: liz, no one has yet said, yes, it's terrorism, but everyone suspects that, yes, it's terrorism. am i right? ics, yeah,. stuart: nobody said it. liz: nobody has said it because we know that this flight originated in europe as ashley said. and, listen, i tell you something. the european union tightened airport security after brussels, but they left it to the individual member states. so there a lot of loopholes in there. stuart: you're looking at the first flight out of the airport in paris, france, to take off since this incident. okay? that's the first plane out of the airport. i made the point this morning, and it's a rather ghoulish point,
and i realize that, the winner of this is donald trump. >> it does sound cross to talk about that. dle of ait does. presidential campaign and external events often have dramatic effects on the way our politics go. look, i think the american voters want a strong leader. i think they want a change agent and that is donald trump. it is certainly not mrs. clinton or frankly whomever the democrats might nominate. this kind of situation reminds people that the world is a dangerous place. that the united states remains a major target. . stuart: wait a second. president obama, hillary clinton, bernie sanders will not say the words islam terror. but donald trump comes up and says i've got a plan. keep muslims out temporarily until we figure out what's going on. may not be the nicest thing to do and say, but it's a wi
winner politically. >> and that's what the voters want. there's a difference from policy approach and style. for example, before we had any details, donald trump tweeted this morning that it looks, in fact, like terrorism. as far as we know at this point, mrs. clinton has not responded. she has not -- she didn't do any kind of public statement about this event today. stuart: all we know is that the president has been briefed. that's inevitable. going to take place. how about europe itself? the plane took off from paris recently being in brussels. this and the event is centered on europe. does that mean that european politics -- and you're an expert on this -- european politics royaled by this latest event? >> well, yet another event that's going to royal european politics, in terms of migrant crisis and the influx of migrants into europe in particular. yes, of course we've already seen the backlash from the two events that happened last year in paris. and then the brussels attack of course.
and now we're seeing more conservative parties, right wing parties gaining strength across western europe. stuart: and that's why. >> because people are saying enough. how many terrorists are we letting in in this influx of migrants? and don't we need to take care of our own security and own national interest before we let more -- stuart: and an event like this whether it's terror or not brings it right back front and center, certainly in europe. >> and, listen, we've heard this time and again. their bureaucratic structure has ossified their need for security. the security is so bad in europe. and if you don't protect democracy and human rights, the voters will react and vote in response. stuart: we've got to give them a fair shake here. that plane had been in luxor, which is in egypt. >> all over the place. >> morocco. stuart: we don't know what happened to the plane. >> and we do not know if it's terror at all. stuart: no, we don't. it has not been confirmed. we shouldn't speculate like
that. i'm going to raise the migrant crisis and here's why i'm raising this issue. this event, terror or not, destabilizes egypt. makes their situation even worse, and i suspect could push out more migrants out of egypt towards europe. am i reaching too far on this? >> well, most of the migrants come out, and have strong leaders. stuart: yeah, but -- >> he's got to crack down because was right all along when he kept telling the everybody the choice is between the muslim brotherhood, or me. and he turned out to be right. the muslim brotherhood came in, made a mess of the situation, and, yes, he is a strong man. but what you know? the united states ought to be working with him and within the last couple of months, the obama administration has moved to strengthen ties with his regime. stuart: to the big board because it just hit the low of the day. down 185 points on the dow industrials right now.
i'm prepared to say that very, very little of that loss has anything to do with egypt air. ashley: i don't think it has anything to do. liz: rate hike. ashley: economy weak, corporate earnings and guidance, the fed raising rates, there's a whole number of factors that played here. headwinds as they say. but i don't think people are looking at stocks right now as a good investment. they're worried that they're overvalued. that is in a nutshell my theory. stuart: yeah, rate hikes possible. oil really going down. the stocks down 1.88 on the dow industrial. ashley: yeah,. stuart: all right. now, it is -- it's thursday morning. that means dan henninger is here from the wall street general r journal editorial board. >> to cheer you up. stuart: okay. look, i may be out on a limb here. and i may be being a little politically i think it's a plus for donald trump. what do you think? >> yeah. i think it probably
is. one of the big events that the democrats had to worry about going into november was significant terrorist incident. . stuart: yes. >> and this could be it. and, you know, the fact that i've always been intrigued by, stuart, is that throughout the primary season, we have exit polls; right? republicans and democrats. you go down to three or four things that people have most on their mind. republicans number two is terrorism. with democrats, it's always number four. down around 10%. very low. i'm often intrigued by that. why democrats themselves just don't think terrorism is much of a big issue. so when something like this happens, i think people in the center and in republicans tend to just go over towards a candidate like trump. because clearly the democrats aren't focused on this subject. . stuart: and they don't have a tough guy. >> no. they don't. stuart: donald trump is a tough guy. >> and. barack obama: -- look. barack obama: has had his head in the sand in the middle east.
he did the iran nuclear deal, he does not want to deal with iraq he does not want to deal with syria even though we have troops gradually going in there as we did in vietnam. he has kept it at arms length. there was always a risk in doing that, which is that something like this could happen that would force it front and center and the democrats have no real serious response to it. stuart: it is interesting that this is the year, the rise of the outsider. >> yeah,. stuart: bernie sanders and donald trump. and you're right about that today. how do you explain this, the rise of the outsiders? >> well, it's not so much -- it is the outsiders. but it's the fact that donald trump and especially bernie sanders. because bernie is now in this dogfight with hillary clinton; right? and he's saying i'm not going to back down, he's doing very well. what struck me is that both trump and sanders have gotten very far by offering voters very little. i mean not saying it's right or wrong. but if you think about trump, it's the wall, immigration, trade's killing us. bernie, billionaires,
wall street; right? income inequality. donald trump's website, there is no tab for foreign policy. there's china trade, but there is nothing on foreign policy. and my question is do they have the electorate figured out? are they right and all the policy guys wrong? look, trump defeated marco rubio, jeb bush, ted cruz, and john kasich. and hillary clinton has been running against bernie sanders as the knowledgeable experience person and in the debate talks a great length about all the things she knows. and she cannot shake him off. stuart: right. >> and i think politics is moving more away from substance and more towards sentiment. when you ask people what's the most important thing? it is cares about someone like me. with donald trump, it's tells it like it is. and i'm not saying whether this is good or bad. i'm saying that is the reality that these sentiments and short-term versions of politics -- stuart: you've got it. >> yeah. stuart: you've got it. i think it's the influence of
screen-based politics. >> yeah. stuart: we take our politics from screens. whether it's one of these, whether it's the computer, whether it's the tv set. how do you as a politician appear on television? trump'sgot it. >> well, there's no denying that the world we live in with smartphones, people going like this all the time, short spurts of information. if you're doing this all day long, even without politics, it has to have an effect on the way people think. think about movies. it's all kind of explosion, short spurts, cross cutting and quick variations. so when people say donald trump doesn't think in a continuous way, no, donald trump talks and think so more or less most of the public is now thinking. stuart: you've got it right, dan. you've got it right? >> the question is you can elect the president that way. but can you govern a country that way. and it looks like we may find out. stuart: only time will tell. [laughter] you wrote the book on journalism. dan henninger, thank you very much, sir.
now, we have new developments on a story we're breaking for you. it involves phil mickelson. liz: yeah, scc sued him, hit him with charges, phil mickelson discouraging over $900,000, phil mickelson to have owed money to legendary sports bidder, billie walters. so billie walters gets a tip and has been criminally charged by the doj from dean foods chairman, dean foods is going to do a spin-off. this happened in 2012. phil mickelson takes 2.4 million-dollar position in it, gains about $931,000 in profits. phil mickelson saying, yes, he will discourage those profits stuart: sad to see a great golfer like that dragged into
the situation. check the big board. close to the low. down 190 points. that is the low of the day. how about walmart? the sell off could be -- it would be actually the sell off on the dow would be more than 200 points if it wasn't for this stock. walmart is a dow stock up a whopping 9%. so that's mitigating the loss for the dow jones industrial average. here's what's next. much more on the egypt flight. we have someone from a trump super pac. he's going to be with us. trump's got momentum and terror plays to his strength. we'll be back [alarm beeps] ♪
. stuart: the egypt air flight 8:04 is down in the mediterranean, some debris has been recovered. what's new? ashley: yeah, the key of course is the black box. what happened? we can tell you that the paris prosecutors office has said earlier today that they are beginning an investigation of what happened to that plane while it was on the ground at charles.
they will look into the lives and becoming of all the flight employees, the badge handlers, anyone with contact with this plane thoroughly investigated. they have done this before in paris. they are conscious of the security issues. now, as we said earlier, this plane has been all over the middle east, north africa, in many locations, most recently it flew from cairo, back to cairo and then to paris. the egyptian authorities say they have no concern over security of the passengers onboard. they were all thoroughly vetted. they don't believe that's the case. but was it a device? or was it something that happened in the cockpit? . stuart: we don't know. ashley: we don't know. stuart: but we do know there are new alarms going up about security at airports, wherever they are. ashley: correct. stuart: and your security is a airline passenger in the future. >> yes. stuart: it's got to make a lot of people anxious inevitably. liz: , yes. stuart: kills europe's business. total change of subject.
vice president joe biden, he's talking about democrats swing voting for donald trump. roll that tape. >> if you look at it, it's not a lot of those folks. you have -- he's getting -- he's a minority party. he's got a majority of the minority party's votes. but if you take it as a nation as a whole, you still have the vast majority of working class people wearing blue collars supporting democrats. stuart: so bottom line, essaying that not many democrats will, in fact, support donald trump. our guest monica crowley says virtually the exact opposite. donald trump is drawing democrats. why don't you make your case. why do you say that? >> first of all, i want to point out to my long-standing theory that joe biden is going to end up being the democratic nominee. he made those comments yesterday in the state of ohi o. stuart: right. swing state. >> now, to his point, i think he's wrong.
i wrote my column in the washington times about this. donald trump has huge cross over appeal to democrats. union guys, people voted democrat their entire lives. they're looking at donald trump because he is speaking to the two issues that directly affect their livelihood, stuart. illegal immigration and bad trade deals that have put american workers at huge disadvantages. they find his economic message incredible appealing and that includes some black voters. now, not a huge number of black voters. but as i point out in my column today, donald trump just has to peel off enough in these key states like west virginia, pennsylvania, for example, the rest belt state, he just needs to appeal enough of these disgruntled workers away from the democratic party, and he will win. stuart: i wonder if this egypt air situation could draw some democrats, a lot of other people into the trump camp. >> well, i think -- stuart: because he's the guy who says i -- i know what i'm doing here. keep muslims out until we figure out what's going on. >> yeah. that speaks to
leadership number one. it also double tails with the economics donald trump is giving because jobs in the economy remain the number one issue for both sides. but terrorism, national security, that is paramount to that also. and they want a strong leader who is going to fight this wa w. stuart: well, let's bring in someone who has found a super pac, which will give money to the donald trump camp. his name is eric beach. he is joining us here and now in new york city. and i want to ask you right off the bat, this egypt air situation, we don't know whether it's terror or not. we don't know that. but it is an incident. it brings terror to people's minds, and we've been saying all morning it's a plus for donald trump. how right are we? >> well, what do you look for when this happens? they look for strength and leadership, and there can't be a greater contrast between donald trump and hillary clinton. she was part of an administration that allowed al-qaeda to be rekindled and
basically isis and of course as secretary of state we know about benghazi. so i think voters understand. i don't think this is an incident that is needed for donald trump because there's no clear distinction between him and hillary clinton. stuart: would you use it? i mean this is a very difficult question because i'm asking you would you get out there? you want to raise money for your super pac. it's for donald trump. would you actually go out there and use this incident overseas? will go to has been i understand the premise of the question. but for republicans, terrorism is numbe for democrats, it's a little bit down more on the list. but i think there's just such a clear distinction between donald trump's presence and his leadership in hillary clinton's. it almost doesn't need to be used. i think it's foreseen that donald trump is a better leader. stuart: okay. now, you've got a super pac. >> i do. me and ed rollins. stuart: how much are you going to try to raise? >> we're going to try to raise 20 million through the convention and our hopes is 125, 150 million through the election. we are the financial resource, and we have enough data, we have over 30,000 supporters,
you may have seen one of your former guest stanley hubbard came out and is going to be one of our cochairs, doug lebda, and bill dodge, the owner of jewelry exchange. we're not ignoring the grassroots community. we have over 30,000 donors. stuart: already? >> excuse me, i'm sorry. we have over 25,000 donors. and so -- and then we have already 2 million supporters. so we have enough data and enough resources behind to mobilize and energize the people and the supporters that trump has cumulated due to primary election. stuart: now, you can spend that money when you've cumulated it. you can spend it wherever you like. >> sure. stuart: on donald trump. ads on tv, support for a campaign stop, you can spend it any way you like; is that correct. >> that's correct. stuart: and you don't have to reveal the names of the people who have given money to your super pac; is that correct? >> that is not correct.
it's very clear on our reporting period when you give to us, this is considered dark money. this is form of patriotism. some people can do it in $25 increments, some people can do it in $100 million increments. stuart: if i give you a few bucks, is that tax deductible? >> how much are you going to give me? . stuart: 100 bucks. >> no, it's not. stuart: 1,000 bucks. >> if you keep going up, i'll make it tax deductible. it's like contributing to a campaign but we don't coordinate with the campaign. what we try to do is build the financial resources and the data enough to help run in a general election. and even as mr. trump said, this is a billion-dollar campaign and great american pacs are going to be a great part of it. stuart: eric, thank you for joining us. >> thank you, sir,. stuart: check that big board off the low of the day. down about 180 points as we speak. i've got three big retail winners for you today. first off walmart, 9% up.
american eagle, 15% up. and urban outfitters, 10% up. big gains. plus much more on the egypt air incident. judge napolitano joins us later. he says hillary clinton played a big role in the destabilization of egypt, which this egypt air situation will make worse. back in a moment with usaa is awesome. homeowners insurance life insurance automobile insurance i spent 20 years active duty they still refer to me as "gunnery sergeant" when i call being a usaa member because of my service in the military to pass that on to my kids something that makes me happy my name is roger zapata and i'm a usaa member for life. usaa. we know what it means to serve. get an insurance quote and see why 92% of our members plan to stay for life.
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. stuart: we go to this story a few months ago about a conservative commentator ben shapiro who was barred from speaking at cal state l.a. what you're looking at are the protests at the school against him speaking. adam shapiro is here. he has the exclusive update ben shapiro is suing the school. tell me. >> and it's not just ben shapiro. our sources have told us that the lawsuit will be filed in federal court later today, and it is the young america's foundation, mr. shapiro, and people associated with yaf who are suing california state university los angeles, and it's aut freedom of speech. the university as you recall approved his speech when yaf said come and talk. and then they said, no, you can't speak. and then they said you could. but professors at the university organized a protest which at times verged on violence. the students were told do not
go outside for your own safety. now, we've also been told according to sources that some of the plaintiffs -- or rather some of the defendants in this thing include the university president, william, and nancy key, who is the vice president for student life, rick wall, who's director of public safety, and malena abdullah, a professor and chair of pan african studies. she was sending on it tweets to students to stop this speech. so we believe this is a first amendment lawsuit and violation of the constitutional rights of the foundation and ben shapiro. with will be filed later today. a press conference 5:00 p.m. eastern, 2:00 p.m. california time to discuss all of this. stuart: good. good. good. push back, please. free speech above all else. >> yes. stuart: thanks, adam. breaking news from the campaign trail. watch this. a united order worker endorsement? liz: yeah, president dennis williams says he will come out
and support -- wait for it. hillary clinton. here's the back story here. hillary clinton has been drilling bernie sanders, a lot of people say erroneously saying bernie sanders didn't support the auto bail out. he said i don't want the january 2009 of money for auto bailouts because it has bank bailout money in there. so that's what's happening right now. stuart: the news is that she has not been endorsed by the uaw. liz: correct. stuart: they can't decide. what does that tell you? ashley: what does that tell you? . stuart: if she was in the ascendent for doing really well, the uaw would jump onboard saying we're for hillary. liz: a powerful union, more than one million members will be watching. >> but restroom remember the union leadership is one thing, the union rank and file is something else. stuart: absolutely. >> and are i would be surprised many of them voted for donald trump. stuart: yes. check the big board. low of the day. almost down about 180 points. difference of about interest rate increases soon.
just jitters. don't know that for sure. but also problems with the price of oil. which is down over a buck. and when oil goes down, stocks go down too. that's the way it is these days. a couple of stocks for you. walmart, certainly bucking the retail ice age trend. sales are up and the stock is up 9%. american eagle, higher sales there, especially online. a 15% gain. strong growth of the software company, salesforce.com. 3% up and cisco, that's another dow component, and it's a winner. gave an upbeat forecast. its online security business the firewall as techs call it. that's doing well. big gain for a stock like that. 3% higher. back to the egypt air crash. what do we know so far? ashley: what we do know is that this egypt air flight did a sharp left turn into egyptian airspace, did a 90-degree turn to the left, a
360-degree turn to the right, and plunged into the mediterranean sea. pieces of debris are now being picked up off the coast of crete. there's a big search going on right now involving multiple countries including the u.s. helping with aircraft, the brits, the egyptians, the greeks, and the french of course. meanwhile family members of french victims are on their way to cairo, by the way. but the question is what happened? it went from 38,000 feet with nothing toward down to 15,000 feet. something catastrophic happened so quickly that the pilot, who was a veteran pilot, thousands of hours of flying experience was unable to put out any sort of may day call at all. stuart: donald trump has already come out and said he thinks it looks like terrorism. ashley: , yes. stuart: right out there. a couple of hours ago he said this. ambassador john bolton is with us. american enterprise institute scholar. ambassador, what i've been saying this morning is that the big -- i hate to say looser here is egypt.
this debatable stabilizes egypt further, and they're in no position to be dissatisfy destabilized. concluded result in more migrants flowing into europe. what do you say? >> well, i think egypt is clearly the principle victim. and i have to say the facts are still obviously incomplete when you have. egyptian cabinet officials saying it's more likely terrorism than some mechanical problem. that's a pretty good idea. they have that in mind. so let's examine what a terrorist strike like this means. number one, it's an attack on egypt's flag carrier. cause enormous political difficulties. number two, it's another disaster for the egyptian tourism industry. and for people contemplating doing business in egypt. and third, it's a real strike at the lcc government whether this is the muslim brotherhood or al-qaeda or isis, obviously we don't know. nobody has taken credit for it yet.
but it couldn't come at a worse time for egypt and stability in the middle east as a whole. and i say one more thing if i may. the fact that this flight originated in paris, if it was a terrorist attack or pilot taking it into the mediterranean as we believe the pilot -- i think it was egyptian 990 some 15 years or so ago did east of long island, that really i think should cause people concern about security procedures in europe. it's one thing when a flight coming out of the sinai is subject to a terrorist attack as that russian jet was a year or so ago. but to go through the airport in paris and still have a terrorist attack, has to cause people -- to look again at what we know about european security. stuart: and real fast, mr. ambassador, doesn't it also rile up european politics? this event at this time given what's happened previously in europe, this really -- again,
the split in europe, doesn't it? >> absolutely. look, if we're just going to see it more and more. this could play into the british "brexit" referendum in june, given concerns they have about terrorism. it better play into politics in this country too. i think we're about one terrorist attack away in this country from the november election centering on that issue. bill: yes, indeed. mr. ambassador, john bolton. thanks very much for joining us. >> thank you, stuart. bill: i want to bring in judge andrew napolitano who says that hillary clinton had a hand in contributing to the instability in egypt. make your case. >> i fully agree with everything john said. he is so smart and so has his finger on the pulse exactly what is going on there but remember how this illegitimate government came into power in egypt. this is another of hillary clinton's colossal, catastrophic, foreign policy failures. just as she fomented the disgruntelment on the ground
that killed gadhafi and toppled his government, she did the same with respect to the mubarak government. then was popular election. she fomented disruptions, then el-sisi took over and began his repression. he is head of egypt because of illegitimate, criminal, violent military coup. he runs one of the most repressive governments in the middle east. this will make it more repressive and less stable. is anybody going to blame her for the fact that the plane blew up? no. you have to connect a lot of dots. bill: you can't do that. >> you can blame her for existence of a repressive system that is illegitimate. bill: this is the end point of president obama's middle east policy across a eight-year period. >> right. bill: he walked away from iraq and i'm sure you approve that and but walked away and isis
spread its venom around the world. hillary clinton took down gadhafi and didn't replace him with anything and meddling into the egyptian politics with mubarak. you say this is the whole mess is from hillary clinton, obama period of time. >> donald trump is accused often of hyperbole, when he says hillary clinton is the worst secretary of state in modern times if ever, there is evidence to support that. bill: no statement from hillary clinton of any kind that i know of at this point. donald trump has tweeted that it looks like terrorism. all we know is that the president has been briefed on the, on what is boeing on? >> if i may digress for a moment. hillary clinton is about to experience the fight of her life against ben bernanke in california. where is she today? preparing for her fbi intermitigation.
bill: do you know that for a fact? >> i do not know that for a fact but i know it is coming soon. what else would be on her mind, defeating bernie in california and preparing for the fbi. did my ears d.c. me when adam shapiro was here, you were applauding plaintiffs lawyers for filing a complaint in a federal court in california? was that you, stuart varney, i heard saying that? bill: plaintiffs lawyers have their purpose occasionally. >> just in the, do i need a permanent verse of the tape what he just said. bill: every now and again lawyers have their purpose. >> another tape that need copy of. bill: just once in a while. make it into a ring tone. [laughter] stuart: i haven't set alarm in 30 years. >> how many alarm clocks do you
own? stuart: none. don't have them. got clock by the side of my bed but i don't know how to set the alarm. >> if you told me to wake up at 3:12 a.m. i could do it. beat that. getting rather -- >> anything to get of your praise for plaintiff's lawyers. [laughter] stuart: quiet on the set. order. order. >> order. >> order. stuart: can i get back to another breaking story we're following? phil mickelson, inside every trading, oh, dear, liz. >> here is the latest. he puts out a via his lawyers he still shares the same values, watch this, his sponsorships, basically companies he represents. he appreciates the continued to support him and their contractual agreements with him. he is very sorry about what happened. he will discourage more than 930,000 in trading profits from insider trading on dean foods.
he got the tip from a las vegas better. both the las vegas better and chairman of dean foods criminally charged. sponsorships stuck with him. barclays, kpg and barclays golf stuck with phil mickelson throughout this. stuart: got it. secretary of state john kerry is speaking at this moment. now he is not saying he has got any new information on the egypt air situation. he is expressing concern for the passengers and the crew of egyptair flight 804 which went down into the mediterranean earlier today. no extra information from the secretary of state but concern for the -- he is in brussels as of right now where it is about 20 minutes to 6:00 in the evening over there in europe. okay. check the big board, still way, way down. 184 points lower. lower price for oil the possibility of a rate increase in june.
no impact from egyptair flight 804 but we are down on the market right now. coming up, a commercial break. yeah, we have to pay the bills. later we're joined by a lady whose husband was killed in the 9/11 attacks. she is now suing the saudi government for what she believes is their involvement in those attacks. she's next. if you're taking multiple medications, does your mouth often feel dry? a dry mouth can be a side effect of many medications. but it can also lead to tooth decay and bad breath. that's why there's biotene, available as an oral rinse, toothpaste, spray or gel. biotene can provide soothing relief and it helps keep your mouth healthy too. remember, while your medication is doing you good, a dry mouth isn't. biotene, for people who suffer from a dry mouth.
>> i'm nicole petallides with your fox business brief. stocks under pressure across the board. down about 190 points on dow jones industrial average, sitting at 17,338. the s&p down 21. the nasdaq is down 56. all 10 sectors are lower. energy, financials, health care under pressure. we have a few things we're contemplating obviously. rate hikes in june after the minutes. coupled with egyptair. dow losers, we've seen a lot of them. goldman sachs, boeing, ibm, verizon under pressure. church & dwight soared to a new high to $107. it was halted as they shot down the chatter of potential interest from proctor & gamble. it is off earlier high but holding on to gains. l brands, victoria secret cut it is profit forecast, down 4%. much more fox business coming up. fresh ingredients, step-by-step recipies,
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stuart: amazon founder and "washington post" owner jeff bezos, blasting donald trump. now what has he said, liz? >> he says not appropriate the way donald trump is behaving. what donald trump is saying, amazon jeff bezos, amazon basically bought "the washington post." he says bezos is using "the washington post" to direct its criticism, remember the 20-reporter team bob woodward at "washington post" to investigate trump? bezos firing back, donald trump is not acting like a presidential candidate calling
in basically an antitrust investigation into amazon if he is president. that runs counterto all gop values by the way. stuart: i think bezos is ruffled he knows he could have antitrust problems if there is a president trump. >> how? stuart: because he controls awful lot of various businesses and industries. you could call him a monopolist could you not? >> this is payback by trump to antitrust probe. stuart: trump raises issue. bezos you have problem with antitrust. >> that is no way for you to act as presidential candidate. >> runs counter to all republican values of government intervention in the u.s. economy. >> that is true. come on, stu. >> antitrust? it was successful that has gotten bigger and bigger. stuart: wait, wait. all i'm saying donald trump is very good politician. he knows how to apply a little pressure to those who go against him. bezos is feeling it. have you seen what "the washington post" is saying
about donald trump? they're using the word liar. all kinds of individual triol being pour -- vitriol poured out donald trump. >> with a doj crackdown? >> to liz's point, you're right. donald trump is not traditional republican candidate. stuart: wait, wait. i like to see a conservative, a republican going after the elites who have been bad-mouthing them for years. >> with the force of the doj and antitrust -- stuart: come on. total change of subject. i shall calm down. our next guest is part of a lawsuit suing government of the saudi arabia because what she believes is their involvement in the september 11th attacks. kathy owens is with us. her husband was killed on 9/11. kathy, welcome to the program. >> thank you. stuart: very difficult subject for you to talk about but i want to raise this issue.
do you know for a fact that the saudis were involved or, do you just believe this? >> all of the evidence that our lawyers have compiled and all the evidence we hear from people like senator bob graham points to saudi complicity in the 9/11 attacks. stuart: now you want to put it in front of a judge? >> yes. stuart: and get it out there? >> yes. stuart: and see exactly what happened and who did what? >> yes. stuart: we'll all found out the truth that is your objective? >> that is our objective, present evidence in court. stuart: would you mind i took you back to dreadful day, i know your husband was killed, could you tell us about the moment you found out what happened and what happened to him? >> yeah, well. he had also been in the building in 1993 when it was bombed. i remember waiting all day for him to walk down 105 flights. so in 2001, i saw what was happening on the news, i thought this is the same. we'll have to wait all day to hear from him.
then at the end of the day, when i hadn't heard i really first got very worried. it wasn't until the following day that we accepted that he didn't make it out. i don't know why i didn't know before that but. stuart: all through that night, you did not know? >> we did not know, yeah i we should have known, now that i have seen the pictures but i didn't know then. stuart: hope was always in back of your mind? >> yeah, for a while. stuart: you had three children? >> three children, yes. stuart: they were very young at the time? >> my youngest daughter was 12. my son was 14, first week of high school, my oldest was already in college. stuart: this is very difficult question but i'm going to ask it. are you over what happened on 9/11? >> of course not, no. there is a huge hole in my family that is still there. stuart: reminds you every day. >> every day, sure. yeah. stuart: and the children? >> you know, i feel like they are okay. they are making their own lives and they seem to be making happy
lives. you know, who wants more than that. stuart: now, some people say that if you pursue this lawsuit you open pandora's box because of everybody can come to america and sue everybody else and it is a real mess. >> yeah. stuart: do you reject that point of view? >> yes. i feel like all of those argument are fake and -- stuart: because the suit is so very narrowly-based? >> the suit does not -- they're grossly mischaracterizing what the suit does. it does not change anything in the diplomatic immunity for the people sovereigns with. diplomats will still enjoy sovereign immunity. taxpayers and service people are open to lawsuits if we commit crimes in other country. the u.s. is already open to lawsuits. stuart: you want the truth to emerge? >> of course, yes. stuart: do you want the money? >> you know, money, i guess is the only way we have of fighting this. it is on thing people pay attention to and what we really
want is a full public accounting of what happened. and, we would like, you know, all of our evidence to be presented and part of the public record. stuart: kathy, i'm almost out of time but i want to thank you very much. i think this is your first time doing television. >> yes. stuart: first time going public with what happened. we appreciate it. >> thank you. stuart: thank you so much, ma'am. >> okay. stuart: i am going to check the big board. where are we now? still way down. 177 points back. when we come back we'll be joined by gerri willis. she has been diagnosed with breast cancer and she is here walking on the sense as we speak. gerri will share her story in just a moment.
stuart: we have something very important for you. our very own gerri willis is going to share her personal story. she has been diagnosed with breast cancer and gerri joins us right now. welcome to the program again. >> thank you. i appreciate it. stuart: start at the beginning. how did you figure out what was wrong? >> well, six months ago i thought there might be something wrong and i went and got a mammogram which is what we all do, right. it showed nothing. i thought, oh good, i'm in the clear. then the week the book launched,
you know i launched this book, i felt something myself. and i thought, that's not right. so i called my doctor. i scheduled an appointment for after the week of the book launch because i wanted to get it out right? i ignored it for a week. i went in and got the test, two days later i knew i had breast cancer. i didn't know many details, i knew i was one of those people. it was an unusual kind. it is called lobular. it forms differently in the breast. it is shaped differently in the breast. you think of breast cancer like little plums or grapes, you can see them on the mammogram. not lolular. it forms in the sheets it is likes r like a mars bar. it is on belong and shape shifter. difficult for mammogram to detect. stuart: did you go back to the doctor, you got breast cancer? could you take us to that moment? would you mind doing that? >> what is so funny about this i could tell from the women who
were giving me the test they knew something was wrong. it was clear. they weren't saying things like, oh, it is nothing but probably nothing, gerri. they were saying this is concerning and worrying. so i knew there was an issue. i felt it myself. by the time the doctor called to confirm the diagnosis, you know what she said, stu? she said your test is positive. it was up to me to say, you mean i have breast cancer? and she said yes. i thought it was astonishing. i need people to tell you the truth, right? stuart: now look, this is very personal stuff but will you tell us what is the treatment? >> so the treatment is aggressive. mastectomy of my right breast. then it will be rebuilt. i will have chemotherapy and possibly radiation. so it is long trip. eight months to a year for everything to play out. but i'm very optimistic. i'm only stage two. so you know, look, my chances are very, very good. i'm going to sloan kettering and they're terrific.
stuart: many times you have been on the set with me, i know for a fact, nothing is wrong with me, i never go to doctor. i have said that, i'm embarrassed to say i have said that in front of you now. what is your advice to people like me? >> you have got to take care of things pronto. when you see something is wrong, get care right away. you can't take no from a doctor, because sometimes what happens, women in particular who feel a lump in their breast, might be told, it is nothing. you need to persist, get the care you need, treatment you need. you need to have yourself looked at seriously. look what i'm telling all women, you have to conduct your own breast exam. not enough to have a mammogram. you have to do both. not all cancer shows up on mammograms. stuart: gerri willis we admire you. we want to see you again. we're thinking of you. thank you very much indeed. >> i will be back to harass you. >> we're right behind you. stuart: we will be back.
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in some respects it was painful. we had a 9/11 tape of him who is suing the saudi government. we had geri willis in explaining her breast cancer. a very difficult show. it was a good one and we thank you for being part of it. it is yours. >> rainsy back to what is important, stuart did thank thau very much. as that happens when you have a terrorist scare, anything having to do with the airline industry, they can staff because this really hits home. the last question later, all of this procedure guaranteeing fears it could be a terrorist event. let's get the latest now on all of this. aviation analyst and a pilot on the possible scenarios here. probably had a little bit of time to put some of this together. the plane went down and buy almost all indications, apparently