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tv   Varney Company  FOX Business  May 24, 2017 9:00am-12:01pm EDT

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right after the manchester attack, cnn and msnbc broke away for their narrative about the russians and election. this is "varney & company" we cover the news that concerns you, machine guns in times square again. our program is about to begin. ♪
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well, despite it all, i'm here to report for you this wednesday morning, that the market is going to open higher again today. not much, but what, 10, 12 points to the upside. i am he-- i'm going to remind you, the dow jones industrials is close to wiping out last wednesday's huge decline. we're almost to where we were last wednesday and by the way, only 78 points away from the dow jones industrial average all-time record high, that's where we are this morning. president trump met with pope francis at the vatican earlier today. tell me more about the meeting. ashley: they met for a half hour in the pope's private study. we're told it was a cordial meeting and both expressed satisfaction. they talked about the pursuit of peace through political negotiation, also the need to hone in on the protection of christians in the middle east.
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so, they did get to that issue and donald trump actually putting out a tweet, he said this, honor of a lifetime to meet his holiness pope francis. i leave the vatican looking at peace. stuart: they did talk about christians being slaughtered. ashley: yes. stuart: the terror in manchester is as we say loom large as president trump gets ready to meet with leaders in brussels. preside with us right now, irv. >> glad to be with you. >> the debate about terror is what are we going to know about the suspects, wait to grab them or sit back and wait until something happens. that's the debate. >> it's a question of civil liberties and at the same time national security. this is balance that has to be achieved in all cases. nonetheless, we have to look at the level of vulnerability.
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we are a vulnerable society because we're an open society, the consequence is, we are always in the position of facing some sort of terrorist attack. the question now is, what do we do? we need big data. the data now available can serve as a predictive data and that can-- >> you get that predictive data, this person over there is likely to carry out an attack. what do we do? >> we've got a thousand cells being looked at by the fbi. they're overwhelmed. there's no question we have to do more in the way of vigilance and examination. this examination, or looking at all of the data requires more personnel. donald trump is going to have to put more money into fbi activities in the united states. there is no doubt that we are facing a crisis not only in europe and not only in asia, but here in the united states. stuart: you are dodging the question.
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>> i don't think so. stuart: yes, you are. when you've got the information, this guy, do you go get them? >> you do. stuart: in america. >> this is civil liberties and national security. in the end national security has to take priority, the reason why because lives are at stake. we can't allow another san bernardino, another orlando, another fort hood. >> and emotions are boiling over, cross the board, it's a hot spot. >> it's a hot spot for a good reason. the brits have put more emphasis on the eight speech, not on the 8-year-old girl being killed and as a consequence, you're looking a the a society i think is misguided thinking about the wrong things, worrying about whether in fact the muslim community is going to be upset about the language that's employed by the government. we've got to do everything in our power to protect young
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girls who have been killed in manchester. stuart: you're going to stay with us for the hour. >> yes, sir. stuart: get more from you later. now, speaker paul ryan speaking right now at the axios mike allen, a conference there. . ashley: he says he backs a border adjustment tax, which is interesting, but agrees a full immediate implementation would be too disruptive, so both lines -- sides of the fence on that one. he's not sure for timing for infrastructure plan because they're going to have to find fiscal space, as he put it, to get enacted. stuart: there's the split, hewat of republicans do not want the border tax, split, got it. thanks, ash. ashley: yes. stuart: the markets, they don't seem to be affected by troubles by mr. trump's legislative process or the manchester attack. they're up again this morning and they will go higher, what, 20 minutes from now, liz peek
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is with us and she's often been with us on days like this when we've had some kind of incident in politics or incident in terror and the market is still very close to record highs. explain the market. >> explain the market. it's pretty amazing to me that the market bounced back so firmly after last week's selloff. let's face it, the market is not cheap and there are questions how fast the legislative agenda is going to move forward, et cetera. the good news, profits are up, more than six or seven years, so, the rate of increase there is very popular and all the forces set in motion with trump's election continue to roll forward and by the way, what ashley is talking about i think is incredibly important. we keep hearing from paul ryan and they're working on tax reform and health care and the drone with comey and the firing
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and russia has not distracted congress from doing its job and that's huge. stuart: the establishment media made a splash about brennan, what he had to say about the russians and the election. i think that's a distraction from what's going on in our economy and our political rife and certainly overseas and with the market. >> that's right, let's not forget the g.o.p. has a majority in congress and they can get things done. they know that voters put them in office to get things done. and i don't think there's much patience by the inertia from a decade. and another thing, trump's budget lets people say, yes, we're addressing stupidity in gort spending and expansion of food stamps and medicaid, which have to be reined in. secondly the appointment of mueller, i think it's a bit of a mueller trade and an
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investigation that all parties will believe in. so far even after brennan's testimony we've seen nothing that makes people think that trump's presidency is in jeopardy. stuart: well explained. >> you asked me to. stuart: and that sums it up nicely. a couple of individual companies, tiffany, sales at its stores down 3%. it's taking it on the chin. down 8%, that's the stock premarket. how about lowe's? they didn't make quite as much money as market watchers thought the company would. they're taking a hit, too, a 3% drop for lowe's. google, a new report claims it could make a son of money with its self-driving car business. ash. ashley: yeah, a couple of analyst at morgan stanley, it's called waymo, it's the self-driving division. it could be so big, it could be
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a spin off worth $70 billion. stuart: what? >> 70 billion. stuart: self-driving cars? >> to the point it could be too big to be under the alphabet umbrella. stuart: who is saying this? >> and morgan stanley says that-- they have this other, what do they call it shall the other bets. stuart: yes. ashley: a whole slew of mo moonshots and there's a possibility, they believe waymo could be here. >> there are other teams work on these self-driving cars. it's not a done deal. stuart: okay, okay, $70 million. that's right. >> insurance companies liability. stuart: another story on google, it's not just tracking what you buy on-line, a new tool what you're buying on
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bricks and mortar. and use that to sell ads, no wonder the stock is up. new york city mayor bill deblasio has a shot at donald trump. he says it will kill children. kill children. i'm going to call that what it is, pure demagoguery. we'll talk to the guy who water board boarded, and you'll hear from him after the break. first, the new york yankees honoring the victims of the terror attack in britain, playing god save the queen at last night's game. ♪ at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value.
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>> tiffany lowers sales, lowe's lower profits and look at this, advanced auto parts say 36% drop in profits and that stock is down. chico's, that would be women's clothing primarily. disappointing. the report goes out and taking it on the chin, that's a 14% drop. now this, at attack in manchester show that terrorists are not afraid to go after soft target and they pick them out, including the mur "enhanced interrogation", james mitchell joins us now, the man who waterboarded 9/11 suspects. is that correct, sir. >> yes, it is. stuart: so you've looked into their eyes and you know what motivates them. what motivates these people to e
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parents' love for children is one that they posed into the infidel's minds to punish those who demoralize it. in essence, even if you pay taxes then your children are legitimate targets. the other thing he said, if you leave the enemy's children alive, all that does is replenish the ranks of the infidel. stuart: motivations
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and beliefs better. i cover that in the book in some detail. stuart: do you think that we should waterboard suspects today if we find someone we believe has done something and go after them with waterboarding, should we? >> i don't think that waterboarding should be on the table. in fact, we recommended, you know, only three people were waterboarded, almost as many lawyers were waterboarded as terrorists, and the interrogators-- >> hold on, that slipped right by me. almost as almost lawyers were waterboarded as terrorists. you want to explain that? >> yes, in the run-up to decide whether waterboarding was theirs
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waterboarded so was assistant attorney general. for those who claim it's torture, a great time to tell me that is when the assistant attorney general who decided three or four days later, decided it wasn't. when he shook the water out of his hair, he decided and didn't. stuart: what do you think it's not necessary again? >> i don't think it's necessary. depending how westernized the person is. like for example, the young man they captured in manchester who appears to have been part of this plot. first thing i would decide to do how weste coercion
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would be necessary. what seems to have been lost on people shall the reason that
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and ubl said what if we've already got it. stuart: yeah, i understand very serious stuff. i'm sorry i'm short on time. would you please come back on the program? we're interested in this. >> i'll be back anytime you'd like me here. stuart: james mitchell, thank you very much, appreciate it. budget director mick mulvaney points out egregious waste. a taxpayer funded musical about climate change. the price tag $700,000 bucks. your money paid for this thing. we thought you'd like to know. more varney after this.
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>> i think the national science foundation last year used your taxpayer money to fund a climate change musical. do you think that's waste of your money? >> what about climate science? >> i'm take that as a yes. stuart: that was mick mulvaney, $700,000 of your money spent.
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ashley: as mick mulvaney says they national scientist has not only a climate change musical, but viking textiles in iceland and the social impacts on tourism on the northern tip of norway. stuart: happy to be spending on climate change-- >> it can't think of a thing more absurd, did you imagine al gore singing the -- in the climate change musical. stuart: i want that music, i paid for it and i have every intention of running this. . >> all kidding aside, remember tom coburn's waste book? i miss that. every year it was pilloried this. stuart: shrimp treadmill. we have to leave you, the mcdonald's people, the $15 per
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hour brigade marching on headquarters as of right now. at the annual general meeting. they're demanding $15 an hour. there doesn't appear to be many of them. we'll be right back with you. there's nothing traditional about my small business so when
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>> my prompter says the opening bell is ringing, well, almost. we've got about ten seconds to go. we're going to open on the upside, that in itself is a surprise, ask not? terror overseas, political back-biting in the united states. here we go. i see green appearing, we're up 11, 7, 11 back again there. about two-thirds of the dow 30 are in the green. they are up and the dow stands at 20,950. not too far away from the all-time record high. now this. one of our big stories has always been the retail ice age. it is in full effect this morning. disappointing numbers from lowe's, tiffany's, advanced auto parts, chico's. very different kind of retailers, all of them down, all of them disappointing. retail ice age. google's parent company, alphabet. morgan stanley analysts say
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that that self-driving car unit, waymo, could become a $70 billion business, maybe that's why alphabet is approaching a thousand bucks a share. that's a very big number. $70 billion. how about the other big tech books, some of them may soon be forced to regulate hate speech on their sites in europe. more on that later, not affecting the stock prices, all of them on the upside, apple just joining the queue. we're up just a fraction right now, scott shellady, but why are we close to a record high? >> well, you're right, the markets have shaken off the terror event and unfortunately because we have a lot of terror happening, the markets almost discount it or ignore it. they're focusing on what trump could do.
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i think he's had a fantastic overseas trip, with the deals with china and middle east and saudi arabia. and any one of those three tenets that he ran on, tax cuts, regulation cuts, infrastructure spending, this could look pretty good. my only worry is we get the tax cuts when we want them and doesn't give the market a leg higher because the market is expecting that and then this'll be looking for something else. that's kind of the little black cloud on the horizon. i think that things are starting to look fairly, well, green shoots, starting. stuart: look the a the two stocks on the left side. alphabet and amazon, all-time highs for the huge technology companies. herb london is with me. confidence that the president will get going with the growth program? >> i think within the congress there's a lot of hard work going on. whether in fact it leads to tax
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reform remains to be seen. i'm fairly confident that will happen notwithstanding what has happened. i don't know what's going to be happening with the special counsel and whether in fact that will have some sort of effect on which the congress operates. assuming it does not have, there's no hard evidence, no smoking gun, i think that it's very likely you'll get some sort of tax reform. stuart: what do you say, liz? >> i think that's likely. heaven knows people in the trump administration are pushing this as hard as they can. there's an opinion how they'll look at the border tax. what paul ryan is hanging onto, now the numbers works, but-- >> despite that the dow is up in the early going, pretty high up there. here is important story, let's see if we can get to grips with this. moody's a downgrading china. they say rising debt and a
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slowing economy could make the country weaker. your thoughts on that, herb? it's important. >> i think it's an exceedingly important story and you do have raising debt in china. and unthing you have to address is the corruption, and that's dampening. stuart: liz, doesn't this give us leverage with china on the trade issue? if their economy is slowing and downgrading the debt, that looks good for us. >> one of the reason the debt is going up because they have the big leadership powwow in the fall and they want the economy to grow and fueling it via lots of borrowing. interesting stat. since 2008, debt has grown in china, a tremendous pile-on of debt and the ratings agencies don't do this casually. stuart: it's one of the big stories hovering in the background. >> a little bit. ashley: china's response, your
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methodology on this is all wrong and you forget we can do whatever we want. >> and that's true in the methodology that china was suggested to have been growing 10% a year. >> that's the problem, you don't know what the numbers are. stuart: hold on a second, scott, i'll get to you. moments ago we showed you that google, alphabet, was close to or maybe at a record high. here is the background story here. more gun stanley analysts say that that self-driving car unit waymo could be spun off into a $70 billion business. scott, does that mean when they spin it off, $70 billion goes to alphabet, google? >> well, i mean, 70 billion you said it earlier when we started the show, that's a big number and right now, the appetite toward tech though, you can't say something is too high. i mean, yeah, driverless cars are going to be the way of the future. how quickly they actually come
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to fruition. we're seeing introductions of new cars that don't really have 100% capability. so, i'm a little leery on it. it's exciting, but i think that 70 billion is just going to be a pretty high number to kind of attain. stuart: yeah, and you say that autonomous cars are the way of the future. are you sure of this? >> yeah, they believe it's going to be mainstream. stuart: they believe it, do you? i don't believe that. i don't believe it. >> the amazing thing is how fast it's moving. right? this is something where there's an enormous population at risk, theoretically, if it doesn't work out right. and yet they're on the road and lots of companies are engaged in the multiple companies joint ventures. >> let me give you one negative scenario. you're a hacker and you hack into the system. >> no question. >> this leads to a number of accidents. insurance companies now have this liability and that's also going to have a very dampening effect on the progress. >> you could say the same thing about airplanes, too, you can
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hack into airplanes and traffic control. ashley: i'm just going to walk from now on. stuart: i don't believe that they're entirely the way of the future. i enjoy driving a car. ashley: i enjoy driving, too, but many people would take it. stuart: go ahead, scott. >> i'd like to hear about the insurance lobby. what happens with the insurance when the computers are running these and there are a lot, lot less accidents? >> google are not just watching what you're buying on-line, but brooks and mortar, and using credit card data to track your purchases. that's interesting. >> this doesn't surprise me. retailers are actually-- and technology companies are getting to know more and more and more about us. because they feel like targeting individuals, their preferences, checkbook, et cetera, knowing as much as they know will make difference in terms of success. it's a little freaky, but no
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going backwards on that, i don't think. stuart: dead flat market, we are seven, nearly eight minutes into the trading day. we're up .37. that's zero movement. how about the s&p 500? let's see if it's the same there? >> pretty much. it's a point. the nasdaq, it's been going really well. 6 points higher, 6, 144. we have to look at snapchat down close to the ipo price, $20 a share. again, i've got to tell you, amazon, google, that will be alphabet, both this morning have again, all-time record highs. sears getting more time to pay down its debt. creditors agreeing to give the very struggling retailer, an extra six months it pay back $400 million dollars. does that mean it survives, scott shellady? >> no, i mean, doesn't it seem
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like we just have to pull the rug out and say forget about it. this is like taking the bandaid off way too slow. at the end of the day, this is not going to change a lot, in my mind, because they're going to have to make such a big transformation that they can't. ultimately, i think you should take that bandaid off fast. stuart: i'm surprised the producers didn't play the organ music. where is that? [ [organ music] . >> what is left of sears? if you put it out of business, there's a lot of long-term leases in malls. stuart: apple is taking aim at android, adding a new page to the website that tells android users were should switch to iphones. the headline on top, life is easier on an iphone. does anybody want to comment on that or leave it alone. ashley: that says it all. stuart: okay. before we go, scott, you're in
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london and you've been there for some time. would you just break away from finance for a moment and tell us the mood in london this morning, please? >> i would say, somber, sad, but also more angry this time around than i've ever seen it before because this is, you know, candlelight vigils are now getting to be something that's a little long in the tooth, as they say. a knock-on effect, that i've noticed and i spoke to cab drivers, the traffic here and yesterday the same, as ground to a halt. and i couldn't figure out why, it's been beautiful weather here, the reason is, most people are afraid to take public transportation. stuart: that's fascinating, scott, because i drove through times square in new york at 3:30, 3:45 this morning, it was full of guys with machine guns, and there were no people. normally you've got a crowd in times square no matter the time of day. there were no people. i went through yesterday afternoon around 1:00, 2:00, no people. no cars. very few cars.
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it looked like there had been a withdrawal from our cities in london and new york. that's fascinating. i want to thank everybody. liz, herb, scott, one and all, thank you very much indeed, great performance this morning. check out the big board, 20,940, there we are. fight for 15 protests in oakbrook, illinois, marching on mcdonald's headquarters. we'll be right back.
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>> i'm going to call this market absolutely dead flat. we're up seven points that's it 20,947. how about this one for you? target is going to pay more than $18 million to settle claims over that data breach. nicole, who gets the money.
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nicole: this goes to 47 states and district of columbia. when you're talking more than $18 million i want you to realize this is the largest multi-state data breach settlement in history. don't forget back in 2013 that target compromised 14 million customers' personal information, their credit card, mailing addresses, their phone numbers, so this has gone on. what happened to the stock and the sales immediately following? well, the stock went from around $66 down to $61 in the weeks following. and sales, in fact, during that december last week, right before christmas, their transactions dropped 3 to 4%. while the other retailers were doing well. then, fast forward to where we are now, the big picture, it's down about 15% since the breach, but now we know the difference. the story has changed and that is that the retail environment overall has become more difficult as these companies try it compete against amazon
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and wal-mart and the like. the latest numbers were pretty good out of target, and they faced this up-hill battle leak many other retailers as well. stuart: thank you very much indeed. 18 million there. protesters outside of mcdonald's headquarters, demanding $15 an hour. jeff flock is there. jeff, i've seen some of the video, i don't see many people protesting, actually. >> well, depends what you mean by many. i've seen bigger crowds. i would say hundreds, not thousands. and the other thing that they're protesting is the fellow in the white house. there's a press conference going on as we speak here with mcdonald's workers campaigning for $15 an hour wage and they make the point, stuart, that the company is doing tremendously well. the annual meeting just started a bit ago and you can judge yourself whether you think it's a lot of people. the annual meeting just started a little bit ago. the company is doing trem tusly well, the stock is at an
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all-time high. same-store sales are up. sales overall are up and they say what better time than now to perhaps give people a bit of a raise. stuart: okay. jeff. why don't you tell them they're killing jobs. >> and these people-- well, now. stuart: why don't you tell them that $15 an hour kills jobs at mcdonald's, you know? that's pretty standard issue, straight-forward stuff. >> theres a he -- there's a group like you, called the patriotic millionaires, on the side of the workers. guys with a lot of dough that says it will be good business to increase the wage at mcdonald's. stuart: we hear you and i'm not a patriotic millionaire. and cracking down on disability fraud, roll that tape. >> the individuals who presently receive this that receive less as a result of
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this budget. >> if there are people who are getting ssdi who should not be getting it, we're not kicking anybody off of any program who really needs it. we have plenty of money in this country to take care of the people who need help, okay? and we will do that. we don't have enough money to take care of people, everybody who doesn't need help. stuart: well, well, well, look who is here. the senior vice-president of cpi investigations. this gentleman cracks down himself on social security disability fraud. that's what you do. >> that's what i do. stuart: you catch them when they're cheating. i want some methodology here, how do you catch them? >> we employ many tricks, you know. i mentioned before about putting the garbage can in front of the car port and let's see if they come out and move the heavy garbage can. stuart: wait a minute, you go to a suspect's place, you drag over a huge garbage can full of bricks or something, and then you leave it there, and you
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wait to see if the guy comes out and moves it with his bad back? is that what you do? >> absolutely. [laughter] >> we may employ a female investigator on a nice day, you know, playing with a ball or whatever the case may be. the ball rolls across the street and see if the guy with his leg injury rolls after the ball. stuart: he does, i take it. >> nine times out of ten. >> some disabilities like mental disability, it's more difficult. stuart: you can't go after that? >> it's difficult and i think we're scratching the surface on some of the fraud cases. stuart: would you be prepared to speculate? i know it's speculation, what proportion of people getting social security disability are fraudulently making claims? i know it's speculation on your part. >> i have no idea. the problem on my end, we're often not given the resources to go after these cases. i don't know if the insurance
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companies have an ago -- algorithm and we do our job to the best of our ability. often time we're cut off before we're allowed the opportunity to be successful. stuart: but business is good and there's a strong demand for this kind of investigation? >> absolutely. stuart: you specialize in investigating disability fraud. that's what you do. >> yes. stuart: okay. making good money? >> doing all right. stuart: you're looking good. >> thanks. stuart: i think there's a job for you in america, it's a wide open market. serve vice-president, cpi investigations i've got that right? >> you've got it right. stuart: you come back soon, appreciate it. islamic terror, next, fighting islamic terror with enhanced interrogation. we get judge andrew napolitano's reaction to this after the break. watch this. >> the whole reason that the cia went to waterboarding people was that they had credible evidence that there
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was another wave of catastrophic attacks that were looming, if not imminent, and that there was the possibility that it was going to involve nuclear weapons.
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waterboarded khalid shaikh mohammed, the 9/11 guy. we talked to him about waterboarding terrorists and here is what he said. >> the reason to cia went to waterboarding people, they had credible evidence that there was another wave of catastrophic attacks that were looming, if not imminent, and the possibility that it was going to involve nuclear weapons. stuart: the possibility that it would involve nuclear weapons and that's why. all rise, judge andrew napolitano is here. you regard that as not a legitimate tactic. >> i do not regard that is an a legitimate practice, and the presidency under george w. bush outlawed it, even having the benefit of what dr. mitchell claims he achieved from it. it's very interesting, what he said. he said some things i think
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that were fascinating and your initial questions were terrific about the horrific use of children as weapons, and the devastating effect that has on parents, as part of the sharia extremest ideology. stuart: right. >> but he also said that he himself doesn't believe in waterboarding any longer. stuart: any longer, as necessary. >> to me it's a condemnable, shameful, illegal act of torture and i'm happy that the congress and both parties are coming together under a president-- under a president who had authorized it. the reason that jim mitchell was not prosecuted because george w. bush personally authorized the waterboarding. stuart: okay, he also mentioned that some lawyers from the-- i forgot, was it justice department or-- >> i heard that and i saw your face, like, did this just get right past? i did not know that. our own steve harrigan was
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waterboarded. stuart: the lawyers were waterboarded. if that's torture. >> i've got to see who thelawye are that they were and claimed it wasn't torture. and i have a hypothetical. >> under the cathedral and-- >> it is a valid question. >> except-- you just heard it from the master torturer. stuart: wait. if you catch a member of a cell, you get a hold of him and you've got reason to believe that he's got a bomb, a nuke somewhere in america, it is in, in my opinion to get all of the information you can out of the guy, if waterboarding-- >> there's a theory that you can get a lot more done being the person' friend. stuart: that takes time and we don't have the time. when it's my family involved
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and a nuke in new york, we don't have time. >> stuart. stuart: the left attacking the president's budget proposal. the mayor of new york city says that children will die. and nancy pelosi says it's literally a killer. we've got something to say about that. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis.
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>> our projection for new york city 125,000 kids in new york city would either lose their health insurance or have their coverage cut back severe youly. he think about that for a moment, 125,000 children who will be less healthy because of trump's budget. not an overstatement to say that some children will die because of this. stuart: well that is just a taste of things to come. the left will demagogue the president's budget proposals to death. mayor of new york says children will die. nancy pelosi says the budget is quote, literally a killer.
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well, ask yourself, do you really believe that any change in the food stamp program, for example, will actually kill? de blasio says, 125,000 children in new york will have less to eat. really? come on, your honor. this is just not right. we know what is going on here. we've been hearing it for yearsl starve your children, poison the water and leave seniors to die. that is pure demagoguery. false reporting designed to whip up emotion for political purposes. do you think it is okay 44 million people receive food stamps eight years after the end of the recession with unemployment rate way below 5%? that is permanent well fair. why not impose a work requirement on able-bodied adults that will save $72 billion. let's be clear, the president's budget proposal represents the slowing of the rate of growth in spending. we will still be spending
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$4 trillion each and every year, by far the biggest budget of any society on earth. what the left wants is more and more government, more redistribution. the democrats have been taken over by their own left-wing. the socialist wing. they will do anything they can to stop all that our president stands for. so you can expect more extreme language. it is demagoguery, pure and simple. you won't find it here. the second hour of "varney & company" is about to begin. ♪ stuart: let me demagogue the market for you, thank you. wow, look at that there is the big board, 28 points higher. in fact we have got breaking news for you. existing home sales? ashley: let me demagogue about this. 5.57 million on annualized
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basis. that is little short what was hoped for. down 2.3% from the average month before. average home price up 6% in april compared to year ago. home prices are going up. inventory remains tight. average home price 244,000. not near new york. stuart: average home price? that is my chair making that -- my chair doesn't like demagogues. check the big board. we're up 31 points, getting real close again to 21,000, 30 odd shy of it, 29 points shy. google and alphabet and amazon. both of them hitting all-time record highs again today. now we've got the retail ice age for you and it's in full effect this morning disappointing numbers from lowe's, tiffany's, advanced auto parts, chico's.
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very different retailers. all on the downside. get back to demagoguery, my take at top. hour. president trump's budget being demagogued by the left. they say children will die. charles hurt joins us now, washington times political columnist and fox news contributor. where am i going wrong in i'm say they're all demagoguing this thing to death. they're wildly inaccurate. where do you stand on this? >> i don't think you're wrong anywhere. i love it. you're calling them out on it. it is absolutely absurd. the left absolutely has taken over the democratic party. the idea that somebody like nancy pelosi and bill de blasio can get away with saying things like this and, without even realizing what, what ridiculous buffoons they're making of themselves? it is just astonishing. of course, not only do we get this from hillary -- from nancy pelosi, but she is also tactically speaking overseen,
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over 1000 losses in her caucus, and across the country. you know it is truly astonishing she is still around as their leader. stuart: i have to tell you the mainstream media continues to ignore president trump's speech in israel. they did ignore it. he made that speech right after the terror attack in manchester. he was dealing with islamic terror but the networks didn't cover it. they didn't cover the speech. they dropped it. look on your screen. instead they went out there and they covered the so-called russian conspiracy connection to the election. here is my question, charles, what is news in this day and age? >> anything that suggests that, that president trump is in bed with the russians, that would be news. anything that suggests that his campaign colluded with russians to rig the election, that would be news. but, you're exactly right. and, the most amazing thing, this is, this entire trip
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through the middle east is a significant break for american policy. it is, it is a break from the previous administration that all they wanted to do was pussyfoot with iran and make friends with people who have, have waged war on humanity, and you know trump has gone over there, he has called radical islamic terrorism exactly what it is. he used those words. of course the only coverage that we've seen from the mainstream media has been the fact that he used those words and they covered it as if it was some sort of a scandal, if he did something wrong even though that is exactly what got him elected, problem -- promising to wage a war on radical islamic terrorism. stuart: charles on the left-hand side of your screen, you might not see it, air force one landing in brussels as the president trump begins the other part of his european tour. i suspect he will be given hard
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time during the period in europe. he is going up against the europeans on immigration, islamic terror, andante toe funding. he will get a hard time from the american media. charles, i'm out of time, thank you, sir. meanwhile manchester police are holding a news conference about the terror attack. ash? ashley: the raids go on, we know that they are confident they have spoken to the up immediate family of everyone that died in the attack, 22 victims. one of those victims was a police officer, an off-duty female police officer, there with her husband and two kids. the husband was badly injured. she succumbed to her injuries. at least four people have been taken in for questioning. stuart: ash, thank you very much indeed. now this, president trump tweets after meeting pope francis at the vatican, here it is. honor of a lifetime to meet his holiness, pope francis.
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i leave the vatican more determined than ever to pursue peace in our world. they discussed protecting christians from genocide in the middle east. listen to this. >> there is still much work to be done. that means honestly confronting the crisis of islamic, dreamism and islamists and islamic terror of all kinds. we are verying a very profound effect, if you look what has happened recently. and it means standing together against the murder of innocent muslims, the oppression of women, persecution of jews, and the slaughter of christians. stuart: the slaughter of christians. it was mentioned by our president. that's good. father jonathan morris joins us now, fox news contributor. i really think that is a real break through because we've seen christians slaughtered across north africa for a decade.
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nobody said a thing about it. our president says something. he talked about it with the pope. i think that is wonderful. >> he did, he definitely spoke with him about it. that is something very near and dear to the heart of pope francis. 2 1/2 years ago when isis was really just ramping up and spreading all over iraq and slaughtering christians, international community was basically silent. at least they weren't acting. pope francis got to a point he was very upset and he told the international community through ambassador to the united nations, use force if necessary to stop an unjust aggressor. nobody else was talking about it. stuart: he did say -- >> absolutely did. right after that, i don't know because of that, very shortly afterwards president obama started stepping up the fight against isis, thank god. stuart: it is assumed, if you, i'm not saying favor christians, but if you take a count of their
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plight you must in some way be anti-muslim, but that is not true. >> the slaughter of anyone is a slaughter of all humanity. stuart: the pope recognized that publicly, has he not. >> no doubt. he has responsibilities to take care of his own flock. of those risking their lives to go to church. we just saw it in egypt, for example, coptic christians, risking their lives. i told this to my people in my church in the bronx. sometimes we don't go to church on sunday because we're tired. these people are risking their lives and watching their relatives get blown up! it is very much dear to the heart of both president trump and president obama. stuart: is there any significance, this is pure sidebar issue, is there any significance in the first lady and ivanka trump both wearing veils, called the matea? >> yes. stuart: they did not wear the veil, did not cover their hair in saudi arabia. >> they recognized specifically this is a sign of respect.
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used to be in the old days go into church, women would always cover their heads, going back to st. paul's exhortation to do that. that is why they have done it. they recognized in saudi arabia that was a different culture than their own. they chose to do this out of respect for the -- stuart: you were happy with the meeting between the holy father and president trump? >> absolutely. it was a sobering moment for president trump based on his own tweet. sounded like he wasn't tweeting maybe somebody else but it was very sober. maybe these are new tweets coming out from president obama. excuse me, president trump. stuart: that is right, father. that's right. >> stayed up all night to do this coverage. stuart: i know you did. actually i saw you all night. father, jonathan morris, thank you, sir. coming up the war on terror, the suspected terrorist of the manchester attack visited both libya and syria in the days before he attacked. three more people arrested since the attack. we're all over this story.
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democrats apoplectic over the president's budget. hillary clinton calling republicans unimaginably cruel. stay with us. you are watching the second hour of "varney & company." ♪ break through your allergies. try new flonase sensimist allergy relief instead of allergy pills. it delivers a gentle mist experience to help block six key inflammatory substances. most allergy pills only block one. new flonase sensimist changes everything.
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stuart: the president has arrived in brussels. that is air force one tax sying off the tarmac there. soon he will be formerly greeted as he sets foot in belgium. earlier we showed you arrival of the air force one. that was not the air force one carrying the president. that is dummy air force one. ashley: pretend one. stuart: used to confuse anyone who might want to attack it. they don't know which one the president is on. got me.
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check the big board. 21 points higher as we speak. we're at 20,958. how about intuit, the tax software company? now they own turbotax. that is how you know this company. they have got nice earnings, strong earnings and the stock is up 7%. nine bucks higher at 138. more developments in the terror attack in manchester. authorities say the man that blew himself up outside of the ariana grande concerts spend days in libya and spent time in syria too. he had proven links to isis. as of now four people in custody including the bomber's brother. lt. general jerry boykin, family research council executive vice president. general, do you think political correctness is still getting in the way of the fight against error? >> stuart, anybody that looks at it objective, would have to recognize it is a major
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impediment certainly to western democracies in dealing with terrorism as a whole. if you look at virtually everyone of these terror attacks, somebody knew something ahead of time. there is both institutional political correctness, and both of them are prohibiting what we need to do to protect our nations an our people. stuart: are you suggesting that we take a more proactive approach? if we know there is a group of suspects, do you think we should just go get them, question them proactively, instead of waiting for them to do something? >> i think we should, first of all, stay within our laws, but i think our last are much broader than what we are seeing occur right now and i do believe when we know that people like, like tsarnaev brothers, like the guy who tried to blow himself up
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over detroit, whose own family reported he was radicalized, when we have these situations, i think we need to take much more aggressive approach dealing with him. when we know a guy like this bomber in manchester recently been to libya, to me, that means he needs to be under very close scrutiny. if he, even looks like he is about to do something, there needs to be swift action to stop him from doing that. stuart: would you go one step further? you know he has just come back from libya. he has been on the authorities radar screens for some time, the french had him on their radar screens, they know there is proven links to isis, he goes to libya, he comes back, are you suggesting we -- hold on second. breaking news. ashley: chief constable telling reporters just a few seconds ago, quote, it is very clear this is a network that we are investigating. so he did not act alone. stuart: we're having. so the question stands, general, should the brits have done
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something before he did something? >> i think so, yes. i think so. i think america should have, and several of the situations that we've had here. and i go back to the boston marathon bombing there where we had tremendous intelligence on these people. we did nothing and that's the case in almost everyone of these bombings, yes. i think we need to be more aggressive, we need to be more proactive. we need to start going after these folks and get beyond worrying about whether somebody is going to call us as individuals or as government employees islamaphobes or intolerant or that type of thing. this is about protecting our nation, protecting our people. by the way, that includes mine and your family in all of that. so i would like to see a much more aggressive posture. stuart: got it. general jerry boykin, thanks very much for joining us. we appreciate it. >> thank you. stuart: here is what we have coming up on the program for you today. the man who was a spy for the
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russian kgb, he turned around, he flipped. he will tell us why he turned around and flipped and if it is possible to turn terrorists around as well. that is a good question. uber admitting it stiffed uber drivers over the years millions of dollars. now they're trying to pay everyone back. we're all over that story for you. ♪
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stuart: that's it, cabin door to air force one. it has arrived carrying our president in brussels, belgium. the president will appear any moment now. he will descend the steps and formally he greeted by i believe belgium's prime minister as he begins the other part of his european trip. this will be the difficult part, if i can put it like that. our president is at odds with the europeans on the issue of immigration, on issue of islamic terror around certainly on issue of paying for nato. the europeans oppose our
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president on all these issues. here he is walking into the middle of it all. he will be walking out my moment from the cabin door. ashley: he is thinking about it. stuart: that's right. he will be emerging very, very shortly. you will see him arrive, think we're about to see the first lady emerge first? i think we are. and the president right behind him. here we go. slight delay in the video. ashley: here we go. stuart: first lady first, and out comes president trump. they will descend the steps. interesting, isn't it, when our president arrives anywhere, when he goes anywhere, he has to go up and down that gigantic, what do you call that, the stairs? ashley: stairs, yes. like one step below another. stuart: he has to be very careful, very funny. he has to be careful. descending the steps very, very carefully. you don't want to slip in that moment. ashley: no.
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gerald ford. stuart: on belgium soil. so is the first lady of the is being part of the european trip begins. this could be the difficult part. we'll stay with this for just a second and we'll move on shortly. there is the president. i believe that is the belgium prime minister, on the right-hand side. meets the honor guard. walks up and down, the first lady following right behind him. now this, no impact on the markets obviously. ashley: no. stuart: we have to point that out. we deal with politics an money on this program. there is no relationship between the political event going on now on your screens and what is going on wall street, no relationship at all, we're up 33 points for the dow. we're pretty close to 21,000. i want to bring you the story on uber, a very significant story. we all use uber, a lot of people do and it is in some trouble. the ride hailing app, that's uber, admits to underpaying new york city drivers of tens of
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millions of dollars over past 2 1/2 years. tracee carrasco joins us to explain how much, and what is going on. reporter: this could cost uber an estimated $45 million, imagine that. now what they were doing, they say it was an accident, accounting mistake. they were taking their commission from the fare based, before the, before the taxes and fees were taken out. say a passenger paid $20. taxes were $2. they were taking commission on the 20 instead of 18 as they should have been. stuart: 45 millions in total? >> driverrers get $900 plus interest. stuart: plus interest, okay. this is one more in a series of pretty bad pr items for uber. am i right? >> they had the worker discrimination. there was that viral video of the ceo yelling at one of its drivers. we remember that just a few months ago.
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seems like one thing after another. this doesn't take into account what the passengers, their issues they have with uber sometimes. stuart: i wonder if this will hold up the ipo when they go public? ashley: maybe. a series of missteps. stuart: yes it is. we haven't heard anything about that ipo for a very long time. tracee, very much indeed, good story. coming up, democrats losing their minds over president trump's budget. new york city mayor bill de blasio says children will die of because of it. we're all over it. president trump going to the g7 summit. he will meet belgium's king and wine minutes from now. we'll take there live. ♪
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♪ sea-doo has the most affordable watercraft on the market. starting at just $5,299 and get 0 percent financing. visit today. stuart: president trump inside
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of that limousine. he is inside in the back seat there with the prime minister of belgium, charles michel. they will all be on their way to see king phillipe of belgium momentarily. than on to the g7 summit. as we said earlier that is more difficult leg of his european tour. big board showing solid gain. we're closer to 21,000, up 39 points. 20,978, there you have it. that is the president in the limousine. we have numbers on how much oil we've got in storage. that's important for the simple reason that it affects the price of oil and tells us how much we're pumping out here in america. what have we got, ash? ashley: down 4.44 million barrels. that is, more than expected by about 2 million barrels. last week we were down nearly two million. we still have awful lot of oil we're swimming in as we say every week but slowlily but
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surely it is coming down, a much bigger drawdown than expected. stuart: goose lien, lots in storage, but we're drawing it down -- gasoline. ashley: some say it could take 18 month before it takes effect. knowing gas prices they will go up faster. stuart: $51 a barrel on crude oil as we speak. now the fabulous five is what we call them. the mainstream huge technology companies -- let me deal with this first. this is different. this is the retail ice age. there you go. we switched back. let's deal with the fabulous five. facebook and amazon are up. so is alphabet. microsoft down a fraction. apple down a fraction. on the other side of the coin, retail ice age, real trouble for retailers, look at this. tiffany, lowe's, advanced auto parts, chico's, women's clothing there, very different kinds of retailers, all of them disappointing with their sales and profits. all of them, the stock price that is, down very sharply.
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look at that, tiffany down 7%. and now this, president trump releases details of his budget plan and the left is flat-out apoplectic. listen to hillary clinton. roll tape. >> what kind of values would drive someone to cut health care for low income kids and families in order to make room for massive tax cuts for the wealthiest among us? this budget along with the relentless attempts to repeal the affordable care act shows an unimaginable level of cruelty. stuart: okay. cruelty within the budget. the mayor of new york says the budget will make children die, and former speaker nancy pelosi says the budget is a killer and she used that word. joining us senator pat toomey, republican pennsylvania. he is on the senate budget committee. earlier in the program, senator, i said that that is pure demagoguery. what say you? >> you're being kind.
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that is what i say. look what hillary clinton and nancy pelosi and the rest of them with their hair on fire absolutely either don't get or refuse to acknowledge is if you have strong economic growth, then you have fewer people that are dependent on these programs. of course you get to save money on medicaid and food stamps and welfare programs because with strong enough growth, those people are working, and they're not dependent on government. that should be the goal. stuart: but overall the budget will not be cut. >> that is another -- stuart: slowing the rate of growth in how much we spend. >> exactly right. if you look at the president's proposal 10 years from now the federal government will spend 50% more than it spend today. how is that a cut? not only that, if you compare it to what cbo projects which is of course government on autopilot where nothing ever gets cut, everything always grows, trump budget spends 93% of that number. there is no cuts here. curb in the rate of growth. stuart: this demagoguery, i'm
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using that word, i think it could be effective in political terms because you're whipping up emotion against the budget and very emotional terms. that could translate into real stopping the budget process. >> not if republicans have the good sense to do the right thing here. get this economy moving, have the strong economic growth we need, let that diminish number of people who are dean pen dent on government, bring our budget into balance. the left will always attack us. they do this every year, do this every campaign cycle. we shouldn't listen to the nonsense, we should do what's right. stuart: speaker paul ryan he is confident tax reform gets done before the end of the year, listen to this please. >> december 23rd that is a date i will take. we've got to get tax reform done by then. we feel confident we can do that. >> you will have confident, tax reform finished by the president's desk. >> end of calendar year. stuart: investors watch the
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program, are you going to reassure us, tell us absolutely yes, no question about it, we'll get tax reform done this year? >> my crystal ball is not that clear. chances are even. many people are working hard every single day including the house, the senate around the white house. we know how important this is. i still remain optimistic we'll get tax reform done this year. stuart: one last one, border adjustment tax, speaker ryan still for it, still in the reform plan. are you for it? >> so i think it has a lot more merit than often given credit for, i honestly think it would be a very, very tough sell in the senate. i don't think they're big fans at white house. i think we'll end up without having much of a border adjustment provision in the final product. stuart: retailers just breathed a sigh of relief. senator toomey, thanks for joining us sir. >> thanks for having me, stuart. stuart: thank you, sir. martha maccallum joins us the anchor of the story with martha maccallum.
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your reaction to the mayor of new york, de blasio children will die because of budget, hillary clinton says it is cruel and speaker pelosi says it's a killer budget? >> they're definitely all on the same page. they have had the same talking points distributed among all these democrats and they are going to slam this idea as something people should be terrified of. i think it is worth pointing out the growth in the food stamp program during the obama years was 75 times the rate of job growth. we have 41 million americans on food stamps. i don't think that is a record to be particularly proud of when your food stamp program increases by 32% in your presidency. that is something to be concerned about. why is it that all of these people have moved on to this program? and, you know, god forbid we mentioned the possibility that in some cases they are not deserving of taking part in that program? you know part of this new movement is also to have able-bodied people on the programs actually work in order
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to receive some of these benefits. you know, mick mulvaney i find very interesting in the dialogue taking place on all of this because he keeps pointing out the people who are working hard and giving their tax dollars to these programs also deserve some accountability for how their money is being spent. this is an idea that does not seem to dawn on bill de blasio or nancy pelosi or hillary clinton, in any of these discussions. why can't we have that discussion? stuart: i found mick mulvaney, we covered his news conference yesterday, i thought the man was articulate, he engaged his audience which is the press corps, he knew what he was talking about. it was very impressive performance. >> he has a refreshing approach to looking at these issues around reminding everyone, that everyone of these programs that are being fought to protect, he said last time he did this similar kind of news conference, what i need to do is convince people that, is it okay with you if i take your money and spend it on this program? does this program work? do we, do you feel the value of
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this program is worth your tax dollars that you work hard for going into that program? i think these are questions that we all have to be asking. stuart: yes, we do. we also have to ask the question, what is news? and i raised this because yesterday, maybe, yesterday i think it was, president trump is giving a speech about terror, about islam, it comes right after the manchester terror attack. it was a major speech but it was not covered by cnn or msnbc. they went to the rush shurn conspiracy story. >> it is working for them, there is no doubt about it. stuart: but what is news? >> i agree with you 100%, and we watched it the other night. i was on live doing the store when the manchester story began to break. in the early stages we were somewhat cautious there was some suggestion it might have been something technical within the building that perhaps something fell or exploded. so, you know we were measured in the approach to it in the recall going because we were trying to figure out whether it was
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terrorism or whether some kind of an accident. they got off of that story so quickly. as we all do, we're watching our competition as we're doing live programing, and i was very struck to see that they had pulled away from it, gone back to the russia story. look the russia story is important. it is not going anywhere. there is an investigation going on with the special counsel now but we can not ignore the fact that all of these other stories are extremely compelling. the president's foreign trip is significant and you know, obviously with this nato visit today, a story that we will be covering. stuart: oh, yes. >> so if you want to hear about it, you should watch us, all of us throughout the day and evening. stuart: what time was it again? >> 7:00 p.m. tonight, stuart. stuart: i'm watching. thank you very much, martha. good to have you you on the show. >> good to see you. stuart: check this out. nike signs new york giants star odell beckham, jr., to the richest shoe deal ever for nfl player. ash, how much?
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ashley: terms were not disclosed but ever popular sources with knowledge of the deal says it's a five-year deal worth in the neighborhood of 5 million a year. so 25 million, two times more than the biggest deal nike had done before. what helped mr. odell beckham, jr., the fact adidas came in to sign him, so he got into bidding war, the money went up and up until we understand five million a year just for the shoes. stuart: does martha maccallum have comment on a $5 million shoes contract? >> i will take it. what shoes should i wear? ashley: life is good. stuart: thank you very much. coming up, former, former kgb agent who flipped on russia because he fell in love with america. we'll ask him, how do you get terrorists to switch and flip?
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>> the problem is, some of the mental disabilities a little more difficult. stuart: you can't go after that. >> very difficult. we're just i think scratching surface on some of those fraud cases. when you're close to the people you love, does psoriasis ever get in the way of a touching moment? if you have moderate to severe psoriasis, you can embrace
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30 odd paints away from 21,000. our incomes guest was a kgb agent working undercover in america. then he flipped. he defected away from russia because he wanted to live the american dream and he is here now. his name is jack barsky, author of the book, "deep undercover." jack, first of all, what made you fall in love with america and stay here. >> i first, my decision to flip so to speak was personal. i was, initially i was in love with a young lady, 18 months old, that was my daughter, and i stayed in this country when soviets wanted me back because i couldn't leave her. what i entered sort of like an arranged marriage between the united states and myself. you know, i gave them what they wanted and they allowed me to be who i was and i sort of withdrew
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from the international realm and from politics and so forth. and it's like, with a good arranged marriage, if your parents find the right partner, you start appreciating that partner. when i started actually studying and investigating, i actually fell in love with her. i'm now where you are, and by the way, congratulations on your citizenship. i beat you by a year. i absolutely fell in love with this country. stuart: yes, me too. >> particularly the principles it was founded on. stuart: so, look, you flipped, okay, you flipped. you were a kgb agent, you flipped. >> i was. stuart: lived in america, love the place. me too. how do we turn terrorists around? how do we turn terrorists that committed atrocity in manchester, england, how do you get that person to flip?
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>> see, this is where i can use my own example. i was a convinced communist and i carry ad huge load of ideology with me which is very, very difficult to shed. it takes, in my case, i had the opportunity to decompress over time. my contemporary in the old east germany didn't quite succeed in that way. they're still sort of adhering to the communist ideal. so, you're flipping individuals may be possible here and there, flipping a whole ideology i think requires a counterideology. i am going to say something that may not necessarily be highly popular in this country now adays, and that is too sad, what we need, there is heavy dose of christianity because, ultimately what -- stuart: what you're saying is only unpopular with some of the elites. most of america is a profoundly spiritual country. >> understood.
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stuart: in my opinion as an outside observer lived here 40 years. i don't think you're saying anything unpopular at all. in fact i think you're right. go ahead, please. >> the point i'm trying to make here, human beings, particularly young people, want to know, they want to have, what is understanding what is the meaning of why are we here, what are we supposed to do and where are we going? and the meaning that is given to them, given to me by the communist ideology eventually left a hole in me. the meaning given to young people, unislam -- under islam, is combative, belligerent, ultimately leads to violence if taken to its radical conclusion. juxtapose that with the message of christ which is a message of love and, if we, if we tackle it
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this way, this is a long-term project, we may have an opportunity to succeed. stuart: jack barsky, thank you very much for joining us. you obviously understand the meaning of love at first sight. i found out that meaning when i saw my first-born child that is love at first sight. >> yes, sir. stuart: you are all right. you can come back anytime you're like. author of "deep under cover." more sponsors pull out of puerto rican day parade, decision to honor a man linked to terrorism. >> a few. new york yankees, sports organization is out. at&t, coca-cola, jetblue, all getting away from having their name attached to the puerto rican day parade this year. it is on june 11th. they're upset person being honored, oscar lopez rivera, 36 years spent in prison, part of a group that was responsible for
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many bombings, 120 bombings. six people killed, seriously injured a police officer. one bomb went off in tavern here in manhattan. mayor bill de blasio said i'm going to march in the spirit of the puerto rican day. but the person they are choosing to honor turned out to be very controversial. also the police commissioner james o'neill, said i don't want anything to do with it. stuart: that's good. i got to say i approve of that. don't be a part of something which you abhor. don't be a part of it. ashley: exactly. stuart: another big story, kind of a background story but it is important, moody's downgrading china. first time that has happened since i believe 1989. anything significant about that, ash are? ashley: just looking, they say basically too much debt is going to hamper the financial strength of this country, of china. and, also that, you know, slowing the economy, their credit will not be as good. china says this is ridiculous.
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we can do anything we want. stuart: that gives us leverage on trade. ashley: it does. stuart: the fight for $15 an hour comes to mcdonald's headquarters today. the stock though, near an all-time high. we have a report and former ceo of mcdonald's on this program next hour.
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ashley: office of management and budget director mick mulvaney testifying on capitol hill on president trump's budget. let's listen in. >> i will reclaim my time. we're limited. i'm sorry for that. but i think if you look at what the american people thought about republican health care bill you will see that that slash in medicaid is in fact a slash in medicaid that even republican governors spoke out against. let me ask you about social security because you consistently said you're not cutting social security. $72 billion -- >> gentlelady's time has expired. >> including social security disability insurance. thank you, madam chair, i yield back. >> if i may, you have additional questions not able to get in five minutes, i know director will be happy to answer those in writing for you. now i would like to yield five minutes to the gentleman from ohio, mr. renacci. >> thank you, madam chairman. thank you, director mulvaney for your service to house of
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representatives and now omb director now always a pleasure working with you. i continue to admire passion for public service and understanding fiscal challenge facing the nation. i applaud the president and your office putting together a budget that balances next 10 years. and deficit crisis faces our country. i may not agree with all the policies, i'm encouraged to finally have an administration that understands we need to get our fiscal house in order. we're on unsustainable path. this proposed budget is recognition of that reality. i will use a few words my colleagues on other side said, slashing and cutting, wouldn't you really agree your budget is reducing what we borrow from china to pay for programs we don't have money to pay for? >> absolutely. >> that is what i thought. would you also agree today our corporate tax rate at 35% is the highest in the world. so we can continue to say we don't charge corporations enough but if we continue to do that, they will just go overseas and we'll have less money to spend,
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would you agree with that? >> exactly what they have done for the last several years. >> exactly. on the personal side, today, 70% of our individuals actually pay as pass-throughs corporate businesses so they are businesses employ people. eventually since 70% are paying a rate that is higher than most worldwide tax rates, they're going to find places to go other than the united states which will also take revenues away from us if we don't come up with a plan to reduce taxes? >> taking jobs with them as they go. >> absolutely. so, we can continue to say you're slashing and cutting and all those other words we want to use, but clearly what you're doing looking at a budget, we can't continue to borrow. can't continue to pass on to children and grandchildren. stuart: you've been watching testimony in washington d.c., by budget director mick mulvaney. a few moment ago interrogated quite sharply by one congresswoman. i missed that ash. what was the criticism? ashley: she show going after all the cuts using words like
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slashing. even republican governors speaking out against this cruel budget you proposed we saw mr. mulvaney very succinctly, stated that, we're not talk about cuts, reducing increases. very different. stuart: that's right. stuart: now the mayor of new york says the budget will kill children, children will die. ashley: of course he did. stuart: speaker pell lows i described it a killer. moments ago -- ashley: hillary clinton called unconscionable. stuart: and cruel. ashley: yes. stuart: what is happening we're lining up, finding out what the democrat line of approach will be against this budget. ashley: we knew what it will be. exactly what we're hearing. stuart: demagoguery. ashley: killing people. stuart: yes. ashley: at the expense of --
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stuart: factually incorrect. ashley: of course. stuart: do you really think children will die because of this? ashley: no. stuart: because maybe some people will not get food stamps that -- really, are you kidding me? ashley: mulvaney said clearly, anyone this country that needs help will get it. stuart: we're not talking about cuts. ashley: no. stuart: we're talking about a slowing in the rate of increase. ashley: expansion of a program. stuart: we're still spending $4 trillion each and every year, more than any or the country in the world, bigger budget, we'll have spent now here comes the hard part of the president's overseas trip, europe. for our president europe is now hostile territory. they loved president obama but
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how unfortunate because on the key issues the europeans have gotten it all wrong. first immigration, two years ago germany's angela merkel opened europe's doors to well over a million largely muslim migrants. it was a disaster. europeans detest president trump because he got it right. extreme vetting for anyone that comes to america, keep the bad guys out. over there, they wish they had done the same, don't they? then there's nato, for decades europeans have gotten a free ride in america's cocktails. president trump wants them to pay their way. admitting it means they've been wrong for generations. don't forget terror, president trump calls it what it is. islamic terror and he will move heaven and earth to go get them. of course, america's mainstream
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media will do its best to make this part of the president's trip a failure, they'll nitpick and look for trouble but anything but admit that our president is getting the big things right. the third hour of varney & company is about to begin. ♪ ♪ stuart: banking news, deutsche bank has been asked if the president's accounts has ties to russia. ashley: donald trump bank account with deutsche have any ties at all to russia. they want to know if they were backed by russia as well, congressional also wants information also russian trades, trades between the two that go back and forth. look, they are going to under
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every rock. up to this point, there has been no smoking gun for sure but not even an inkling. stuart: got it. check that big board. just after 11:00 o'clock eastern time, 11:02 to be precise. we are up 22 points, still shy of 21,000 mark. again, we are returning to the story of the retail ice age, look at this, lowes disappointing sales. home depot, competitors with strong results. lowes made money but not to keep analysts happy. tiffany reporting sales down 3% world wide in the first quarter of this year. that's a surprise and the stock is down 6%. big drop. let's get to google the parent company alphabet, morgan stanley say the self-driving car
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project, could be worth $70 billion. i find that astonishing. ashley: you never know. stuart:ly get into that business with that kind of business. why are we not seeing a sell-off when we have uk terrorist and why not sell-off? >> one about psychology and we are learn to go live wit and it means that the world's best ceo's are not giving up, investors shouldn't either. stuart: so you think the economy is in pretty good shape and profits are in good shape and that we will get a tax cut, is that what's keeping this market up? >> well, again, it's certainty versus uncertainty. all of the things are true. that's what traders have to focus on. what they have to do with trillions of dollars of real money is bet on the future and
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that is what i'm saying, when ceo's aren't giving up, they are betting on the future and that's what traders are staying in the game for. stuart: you will join the club, you will say, overall this market is going to keep on giving up, that's your point. >> i think the path is higher and as long as we have isolated terrorist events. when the psychology changes, that's when you'll see a massive hit. so far the things haven't happened, stuart. there's no other way to play this. stuart: here is something that i think it's a big story but i'm not quite sure how it's going to affect us all, moodies is downgrading china's credit rating, how could that negatively, if there is such a thing could it negatively affect us? >> it could, stuart, this story makes me want to roll my eyeballs. these guys wouldn't know what a credit crisis if it bit them in the you know what. you have to have one if you want
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the other. whether that's intelligent, that's the real question here and for that i think you need to look in the mirror. moody's, they are being diligent and doesn't make them any different than any rating agency in the world. stuart: china is slowing a little bit but europe is really beginning to pick up steam, surprise, surprise. i think that's accurate statement, isn't it? >> that's my take. certainly the data that i have seen corroborates. china, 6.9% growth, trillions of dollars that are moving, businesses that are moving and in europe you're seeing everything come to the forefront on to the business agenda. if you're an investor, that's the one that you want to follow, that's how you profit in building retirement. stuart: keith always short and to the point. you know how much we like that. keith fitzgerald. we will see you soon. president trump has arrived in
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belgium, he's starting what i think is the most challenging leg of his foreign trip. here to react congressman peter king. ic the president is going to get a frosty reception in europe, what say you, sir? >> there's certainly arrogance towards him and the brits will be positive towards him, i think more and more of the countries realize they need the united states now and i think the attack in manchester is sort of a wake-up call to them. so you're right, listen, they are not crazy about donald trump. he is too politically incorrect for them, you know, you're from that continent over there. you know how they -- [laughter] >> they want to show no more than they really do it's style of the substance -- stuart: let me explain something if i may, sir. europeans like the intellectual elite, ivy league americans,
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they don't like american that is speak with american accent and go get them kind of guy. they love the barack obamas, they love the kennedys, the whole story but a guy down to earth like donald trump, they have a hard time accepting that. they also realize that they need the u.s. they'll maybe stand-offish but bottom line they have to work with him and they realize that. stuart: let me talk to you about terror, if i may. >> absolutely. stuart: are at a boiling point after terror attack. do you think it's time that we stopped being purely defensive and took a more proactive approach in getting suspects? >> we do have the constitution which -- we can be much more aggressive within the scope of the constitution. i believe we have to have much more surveillance in the muslim communities and that includes mosques, that means having
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informers, undercovers, we can't be holding back and that's where the threat is coming from and that's something we can do in the u.s. as far as overseas, often they have a schizophrenic attitude. when things are going reasonably well, they want to forget terrorism is there. for a number of years we had issues in the united states getting europeans to cooperate with us on fly list, telling people that belong on a watch list, what the manifest is for the flight coming over to the u.s., so europeans sort of act -- they want to act like they are above it and so disaster strikes and then they fight back. the brits have been always been very good with us as far as cooperating when it comes to islamist terrorism. stuart: i think the brits have a problem. now we find that salman abedi, he just come back from libya. before that he was in syria. the authorities in britain knew
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about him, knew that he'd come back and didn't do anything. i think that puts them in some very hot water, why didn't you stop it? >> they will have to explain that. let me just say in somewhat of a defense, i think it's 3500 suspects in britain, 3500 people they are concerned about. that takes a hell a lot of people to cover them to get surveillance and 3500. you're talking about thousands, well over 10,000 law enforcement people to follow 3500 and there's only so many you can follow for so long. here in the u.s. we had some of the problem with the fbi which why to me you are to use federal, state and local police to keep much constant surveillance as possible. the british they can't have mi5 and mi6, they will have to regulate more use of the local police as far as cooperation back and forth. stuart: the army is now in patrol with machine guns in britain. i want to thank my fellow american congressman peter king. [laughter] stuart: thank you, sir, we will see you again soon.
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look at this. monuments and iconic buildings from dubai to berlin were lit up in red, white and blue in solidarity with britain. other monuments went dark like the eiffel tower in paris and the empire state building in new york. yankees took a moment to honor the victims to have manchester bombing playing god save the queen in last night's game. listen in. ♪ ♪ instead of allergy pills. it delivers a gentle mist experience to help block six key inflammatory substances. most allergy pills only block one. new flonase sensimist changes everything. i count on my dell small for tech advice. with one phone call, i get products that suit my needs and i get back to business. ♪
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stuart: i'm not sure whether we should put sears on death watch or not, they have more time to pay down their debt. they have agreed or the credit has agreed to give them an extra six months to pay back $400 million, okay. the stock is down significantly, $7 a share. now, a split on the issue of the
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border adjustment tax. the treasury secretary steven mnuchin, he does not like the border adjustment tax. house speaker paul ryan just responded earlier this to the border tax and says, we want to keep it in. you have a split here among senior officials about whether or not we have a border adjustment tax. come on, please chris baldwin, ceo of bj's and he joins us now. chris, welcome to the program. >> thanks for having me. stuart: i'm told that a lot of retailers would have a fit and some would go out of business if we do get the border adjustment tax. how about bj's? >> well, if bj's we are encouraged by our business but we believe border adjustment tax is bad for consumers. as a result we believe it's bad for our company. the national retail federation has done a lot of work to do research on what the border adjustment tax will do to consumers.
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stuart: what would it do? >> prices would go up by $1,700 for the american average consumer, money they simply don't have. it's interesting, stuart, in the debate about this tax there's very little debate that prices will, in fact, go up. a great deal of debate about what will happen afterwards but it's our view that pricing action would detrimental to the industry and more importantly to son humanners. stuart: okay, i want to talk about your business because one of the themes on this program is the retail ice age that trouble that a lot of bricks and mortar stores have been having recently. now, you don't have a big online presence, are you sticking with bricks and mortar and leaving your trust and faith in that? >> well, first of all, our 25,000 associates have done a wonderful job over the last several years delivering value to the consumers we have the privilege to serve. over the last three years we delivered back to back record earnings performance and we
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expect that to continue this year. our businesses very encouraging going forward. the fact that our business is healthy and we have the ability to invest, we are making investments that reflect the reality of how the consumer has shifted their spending habits, so we are investing online and we expect to continue to grow there and in bricks and mortar. stuart: so far you have relatively small online presence? >> absolutely. we have been able to deliver record performance with strong brick and mortar proposition, mostly, stuart, we deliver terrific value and terrific performance in food business which differentiates us versus other retailers that do what we do. stuart: are you suited to online? >> wing we are. we have a terrific business in places like apparel, last year our apparel in high single digits. we also believe we can offer services where consumers can order online and come to our stores and come to pick up and we believe the opportunity to continue to grow there is
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significant for our company. stuart: that's interesting, you go online to order and someone would actually go down to the store and pick it up. that's your way around pure online selling, is it? >> that's right. we call it pick up and pay. what we find people order certain amount online and they do a shopping trip while they are there to pick up order and their order essentially doubles with the trip as well as what they came to pick up for so we are encouraged by the prospects there. stuart: all right, thank you very much. ceo of bj's, we appreciate you being here, sir. >> thank you, sir. stuart: we have the dow up 20 points and we have snap trading at $20 per share. right around the ipo price a few weeks ago. gone up, gone down. ashley: ipo was 17 bucks. it looked like it was going to fall through but we found out there was big time investors and stopped the bleeding. stuart: $20 a share on snap.
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alphabet and google, hit all-time record highs, pulled back a little bit. up on the day, 972 for both stocks alphabet and amazon. how about that? now this, you would think california had this already but the state is work to go roll out an earthquake warning system next year. we will have details for you. nike inking a record-breaking show deal with new york giants wide receiver oh dell beckham, jr., biggest in nfl history. later this hour we have new york giants linebaker mark with us on this subject. these days families want to be connected 24/7.
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that's why at comcast, we're always working to make our services more reliable. with technology that can update itself. and advanced fiber network infrastructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most.
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>> i feel the need, the need for speed. stuart: i remember that. 1986 when you first heard that famous line in the big screen, if you like the original top gun, tom cruise says get ready for the sequel, confirms that filming for top gun 2 will probably begin next year. a piece of so-called costume jewelry bought at a flea market
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for 15 bucks turns out to be a 26-carat diamond. expected to catch 450,000 bucks at auction next month. next, california likely to roll out earthquake warning system next year. it's been in the making for years. right now they are working on installing sensing stations improving the software and, yes, hiring operators. how about this? facebook ceo mark zuckerberg shutting down rumors that he's considering running for office. he says, that cross-country tour is not a political move, no, it's a chance to get a broader perspective on facebook users. ashley: that means he's definitely running. [laughter] stuart: you say that. some individual stocks and we are watching them for you. a couple more retailers reporting for you this morning, advanced auto parts, profits falling more than expected. one reason better quality cars have people spending less on
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maintenance. how about chico's disappointing report, down 11%. target reached a settlement in the data breach, this was back in 2013, now they reached a settlement, $18 million paid to 47 states effective when the retailer compromised millions of credit and debit card information. target stock $54 per share. and now this, new york city's major bill de blasio taking another shot at president trump. he say it is president's budget will kill children. we will deal with that in a moment. a new report says that president obama administration violated nsa. who better to ask than judge andrew napolitano who is next? what if technology
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gave us the power to turn this enemy into an ally? microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. there are over 100 million pieces of dna in every sample. with the microsoft cloud, we can analyze the data faster than ever before. if we can detect new viruses before they spread, we may someday prevent outbreaks before they begin.
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>> number 23rd, okay, that's a date i'll take. we have to get tax reform by then. we feel confident we can do that. >> your confident you you'll have tax reform finished on the president's desk? >> yeah, at the end to have calendar year. stuart: it'll be at the president's desk at the end of the calendar year. before the end of the year. our next guest says tax cuts are not needed.
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[laughter] stuart: he was president regan's labor secretary assistant. what on earth are you talking about? make your case. >> it's not 1980 and in 1980 when president reagan put his big tax cut into place we were in crisis, 10% unemployment, 19% interest rates, the stock market collapsing. we needed a big tax cut, corporate tax cut to shock the economy. stuart: we don't need it now with the lousy growth for eight, nine years, don't we need a shot in the arm to get us going? >> it's a different environment. may i explain? stuart: what shot in the arm do we need if it's not tax cut, what is it? >> what's different is globalization. 50% of the s&p 500 revenues are overseas. u.s. gdp at 2% isn't as important to them today as global gdp. stuart: if we don't need tax
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cuts, what do we need? >> what do we need targeted discussion of tax cuts, tax cuts to s corporations instead of s&p 500. stuart: you're right. absolutely right. next case. >> focus on deficit control. instead of taking that money and giving it back to the s&p 500, actually their effective tax rate only paid 12% instead of 4% that everybody is talking about. take, if you want to spend any money, spent it on the s corporations. stuart: one tax cut that you are 100% in favor of cutting tax for small businesses, that's it? you wouldn't cut anybody else's taxes? >> i wouldn't cut anybody else's taxes. stuart: you wouldn't do any of that? >> my tax break from 70%. stuart: i don't care. you wouldn't cut any other taxes, you think that's big
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enough and good enough to get our economy rolling to 3 and 4% growth? you're wrong. [laughter] >> i don't think we need to go to 4% growth. stuart: of course we need to go to 4% growth, how else are you going to pay for entitlements and food stamps? >> that's a spending side. stuart: why don't we have a 4% growth rate. what's wrong wit? >> well, because the country is so waited down with federal spending, right that you're sucking all that excess capacity out of the private sector into the public sector. that's the problem. so you sort of get on a vicious circle here. i have to cut taxes to feed the beast. stuart: you want to do something on the spending side as well? >> absolutely. stuart: we just heard the president's budgets, it does not make cuts but steady increase in spending over the next ten years, the democrats are saying, you're going to kill children, this budget is a killer, what do
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you say to that? >> the president's budget is a step in the right direction, obviously but the biggest problem we have here is that people just are not addressing the fact that we can't support a 4 and a half trillion dollar economy with our current tax system. we need to bring it back down and no one is going to do that and that's why our deficits keep going up. stuart: all you have to say for yourself is cut tax rate on subchapter s corporations and that's it, that's all you've got? >> i stimulate the economy enough to be able to take care -- stuart: who is listening to you? [laughter] stuart: i mean, really? i spent all these years getting them off our backs. all we need to reduce tax rate on subchapter corporations. >> doesn't get better by taking effective corporate tax rate of
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13 or 14% which is what large corporations pay in reducing that, it's not going to solve the problem. stuart: last question. if we cut the corporate tax rate from current 35%, if we cut it, do you think that the apples, the microsofts and the googles of this world would bring some of their third of a trillion dollars parked overseas, bring it back here? you don't think that might be a nice stimulus too? >> think would absolutely not bring know meaningful portion of that money back. stuart: why? >> because they are corporate lobbyists will write loopholes and complicated you will need a rocket science to figure it out. stuart: you don't know that. >> and the other reason is they're going to do is they're not going to be global corporations and 100% of their cash in the u.s. stuart: okay, that might bring some of it back. >> might some back. stuart: maybe a 100 billion. >> maybe they've gotten a heart. stuart: maybe. al, i would like to know who you're talking to and who is
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listening to you and i want to talk to them. he worked for ronald reagan but doesn't want personal income tax cuts. you may come back. we shall see. >> thank you. stuart: thanks, al, seriously. thank you, sir. now, this a new report reveal it is nsa routinely violated our privacy under president obama and the administration kept it secret up until president's trump election. you know who is going to have to deal with this, yes, the man right there andrew napolitano. >> i got all excited. i thought you were talking about 4% tax rates, you're talking about 4% growth. stuart: you digress. >> here is what happened, on april 27th, two and a half weeks ago, the fisa court which gives nsa -- which has given nsa99.97% of all the applications for surveillance that it wants
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rebuked the nsa for spying on americans without warrants and last night that 100-page opinion with proper names in it blacked out was released to the public by order of the court. that's what's causing a stir. stuart: what's the stir? >> if nsa wants to spy on a person or people they go to fisa and get a warrant. nsa is surveilling hundreds of millions of americans without a warrant. this is the first time we have documentation of this. we've known of it from the snowden revelations, whatever you think of snowden, we knew about billy, former high ranking nsa official, now retired and revealing what he can. now we know of it from the court that is supposed to surveil nsa that in fact, they've been spying since 2005, so it's not just obama, goes all the way back to then on hundreds of millions of americans.
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stuart: very please today hear it. >> just talking to david about this, depending on how you do the math, it could actually be all americans in the united states. stuart: i sincerely hope so because i want to track the bad guys. i so want to do it. >> you don't care and your right to privacy? you don't care what the government know what is you were whispering last night? stuart: you do? [laughter] >> i demonstrated you want a right to privacy. of course, i don't. i'm taunting the truth out of you. stuart: we go back to the same argument. in the analysis of nuclear terror, i want everybody surveilled so we catch the bad guy. that's what i want. >> it doesn't. it gives them information -- stuart: it stops events from happening -- what do you think they're doing in britain? they know the guy.
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>> that's the stated purpose of a surveillance. stuart: they did and they made a mistake by not picking him up? it was a failure -- >> judgment based on surveillance. okay, i will tell you why because they have too much to evaluate. stuart: now they're following up on this guy who did it and they are finding out who he called and who he talked to and -- >> three very short questions, you remember when you became an american citizen? do you remember when you were announced to clean and took an oath which includes the fourth amendment, do you remember all of these things? stuart: perfectly. >> and yet you still want the government to spy on everyone. the fourth amendment which was written because the king spied on us. [laughter] stuart: your laugh is so loud you're drowning out the anchor of the show. >> sorry, sir. stuart: in the age of nuclear terror you have to do it. >> we have a fundamental disagreement about whether all of this information actually
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helps or whether it's too much. stuart: well, you know, you could write software, it can be done that filters as trillion bits of information per second. it can be done. >> all right. stuart: i know this for a fact. it can be done. >> what did i come down here to discuss or we got off on tangent. stuart: the ratings are good. >> god love you, mr. varney. [laughter] >> a friend of mine from new jersey years ago. libertarian when he was my friend. stuart: quiet on the set. president trump vote with pope francis on the third leg of trip, shook hands before heading into the pope's private study. father francis gave the president a small statute of olive tree and told him it symbol sideses peace and president gave him a book of letters from martin luther king,
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jr. the price tag nearly $700,000. i want that music and i'm going to play it on this program because we paid for it. [laughter] stuart: nike signs a record-breaking shoe deal with new york giants wide receiver odell beckham, jr., biggest in history. we have one of beckham's teammates. thank you. he's with us. by the way. look at this. fleet week, we will be back
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nicole: nicole petallides with your fox business brief. we are keeping a close eye on google. google's parent alphabet. we are watching google hitting a record all-time high today of 976.49, stocks up more than 30% in the last 52 weeks. we are also watching some big news on google and that is its tracking of shopping not online shopping, in fact. it's offline shopping and using tools so that we don't understand exactly how their system works, but they are using tools in order to monitor your shopping at stores. there are some stores that are
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also participating whether it's loyalty programs using google maps to really put together locations, home depot, express, sephora and they will use google assistant to also generate revenue you totanobody's hurt, new car. but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement™, we'll replace the full value of your car. liberty stands with you™. liberty mutual insurance.
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>> i think the national science foundation last year used your
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taxpayer money to fund a climate change musical. do you think that's a waste of your money? >> what about climate science? >> ly take that as a yes. [laughter] stuart: well said, mick mulvaney. how much? ashley: basically $700,000. the national science foundation that mr. mulvaney is referring to is suppose to ensure, quote, u.s. leadership in areas of science and technology. i'm not sure how climate change musical fits into that remit but they've also funded such things as viking textiles and the social impacts of tourism in the northern tip of norway. your money at work. stuart: i want to run that musical throughout the show. we paid for it, we play it. ashley: it's melting. [laughter] stuart: earlier on the show we showed you demonstrations in
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mcdonalds headquarters, they are demanding $15 an hour. protests actually fizzled out basically. joining us now former ceo of mcdonalds, ed ramsey. >> thanks for having me. stuart: i think the whole movement towards $15 an hour, i think the whole movement is fizzling? >> it's falling apart. cook county here in illinois raised to $15 in this rounding cities don't have to comply so they're all bailing on cook county's initiative. look at seattle and look at all the restaurants that are closing, dry cleaners, beauty sallence, -- salons and it's got nothing to do with rising up people that need more income, it's got everything to do with the unions and union contracts
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with major manufacturers in places like that. their cheap, benefits and compare to $15 an hour she wants and by the way, those protestors out there in northbrook are are making sub minimum wage. a bunch of socialist hypocrites. stuart: i think that's the sound bite of the day. i have more for you. i want to ask you about president trump's budget. i understand that you are a big fan of it, tell us. >> well, i disagree with some of your earlier guests. i do think we need a tax reduction for corporations, but more importantly we need to get the weight of government off the backs of working people. it's not only the irs and state taxes that are a problem, it goes all the way down to the local municipal, park districts
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and things of that nature. people are keeping fewer and fewer dollars out of their hard-earned income and one of the ways to control oppressive government is reduce the amount of money they have to spend although washington, d.c., they believe, against all mathematical principles that 7% increase in the budget is really a budget cut. how they figured that out, that's our public schools at work, they don't understand math. stuart: ed, republicans have been saying for decades get the government off our backs, we pay too much in tax, cut government down to size and republicans and people felt like that won consistently, they certainly won last november. so why is it that we now have to press so hard to get the government really off our back, what went wrong? >> the number one thing you have to remember is their only job is to spend your money and get reelected. they will say anything or do
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anything for their constituents to get reelected. you got guys like mccain and graham, mcconnell, grassley all in their mid to late 70's, have been in washington, d.c. for 35 years. they have drunk the coupe aid and are convinced that they know than the rest of us. we ought to throw the bums out. trump drug a lot of them back into office which scares the daylights out of him because they don't support him and they should. i think the republicans in the house and senate are failing their constituents every day. stuart: you know what a sound bite is, ed ramsey, you just gave us three. [laughter] stuart: they will be played on a loop for a long time to come. ed ramsey, former guy at mcdonalds. by the way mcdonalds hit an all-time recently. almost at $150 per share. now, sports, the nba says it will play its all-star game in
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2019 in charlotte, north carolina. they moved this year's game to protest the state's bathroom law. now some football items. new york giants wide receiver signed record-breaking shoe deal with nike, the biggest in nfl history and here is this one for you, too, you know the touchdown dances, celebrations, the nfl is easing rules a little to let players express themselves a bit more. here is a man who knows a thing about all of this, new york giants line-baker mark herzlich. did you know he's a cancer survivor? he will tell his story next.
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help cover some of what medicare doesn't pay. you'll be able to choose any doctor or hospital that accepts medicare patients. whether you're on medicare now or turning 65 soon, it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. stuart: now this, the second brother of the manchester attack has been arrested in libya by counterterrorism forces on suspicion of islamic state links. his name is hashi abedi, the second brother of the bomber to be arrested in libya. got it. new york giants wide receiver oh dell beckham, jr. signing a record deal with nike, 5 million bucks for the next five years. now we are joined by one of his
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teammates, lions linebacker mark herzlich. stuart: the nfl is loosing on celebrating on end zone, do you agree? >> i agree. stuart: you like this move? >> yeah. stuart: shortening over time from 15 to 10 minutes. >> we usually don't get the full 15 anyway because of rules in overtime but i think it'll be good to help prevent injuries. stuart: here is what i want to get to, this is what i'm all with you today because you're a cancer survivor, bone cancer diagnosed when you were in college? >> when i was a senior in college. stuart: 21 year's old, 22 year's old. you recovered completely.
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>> yes. stuart: long cases. >> thank you. stuart: i want you to tell all how you're raising money for cancer research. >> it's basically the whole month of june riders from across the entire united states are going to make pledges for donations based on how much people ride their bikes, whether it's a stationary bike or out on the road, it will accumulate miles and donations. right now we are looking at 30,000 riders across the united states participating in this event, anticipate racing 4 and a half million dollars for the children's cancer research fund which all goes to creating new and better medicine for cancer diagnosis and prevention. stuart: children's cancer, must have been difficult to being diagnosis with bone cancer at that age?
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>> it was. i was in the middle of football career in college and looking forward to going to the nfl and this really put a halt. they told me i would never be able to walk without a cain and never be able to play football again and i was lucky enough to be diagnosed -- stuart: they told you that, son, you ain't playing football? >> you're not playing football. you're not playing football again. if everything works out, meaning if i survive, i would be unable to participate in physical activities. stuart: what was the treatment? >> i did chemotherapy, 50 rounds of radiation and then they inserted a titanium rod down through the center of my femur. stuart: you still have it. >> it's in there forever. stuart: from the moment you played football again, what was the time frame? >> it was about 15 months.
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stuart: i love this story. thanks for coming. i have to run. thanks for coming on the show. the great cycle challenge. >> stuart: you're a great man. more varney after this
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before i had the shooting, burning of diabetic nerve pain these feet... kicked off a lot of high school games... ...built a life for my family... ...and liked to help others in need. but i couldn't bear my diabetic nerve pain any longer. so i talked to my doctor and he prescribed lyrica. nerve damage from diabetes causes diabetic nerve pain. lyrica is fda approved to treat this pain. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. or swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling or blurry vision. common side effects are dizziness, sleepiness, in
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. . . . may be more likely to misuse lyrica. now i have less diabetic nerve pain. and it's great to help others get back on their feet. ask your doctor about lyrica. if you're eligible, you could pay as little as $25 dollars a month. [applause] stuart: well, well, who could that be? that is angela varney. ashley: your daughter? stuart: my daughter. extremely good-looking. ashley: how did it happen? stuart: 21 today. that is the reason we're doing it. i don't doubt she will be celebrating at some point. she better make it quick. you know what she is doing in three weeks? >> what. stuart: she will be intern at fox news on "fox & friends."
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ashley: another varney in the building? stuart: you know what that means, "fox & friends"? ashley: getting very early. stuart: call time is 4:00 a.m happy birthday, angie. you will love it at fox. neil cavuto. seriously, it is yours. neil: does she get up every morning and go ka-ching, ka-ching? stuart: what? where did that come from, cavuto? neil: she is very lucky young lady. her dad is international anchor star. if she plays her cards right, stays on her good side, might not have to worry about working ever, right? stuart: no, that is not the case. let's scotch that right from the beginning here. neil: you've been cheap throughout the poor girl's life. stuart: absolutely. neil: i wanted to confirm all that. thank you, stuart. we have a lot going on here. the president meeting with the prime minister of belgium. elsewhere police investigating a


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