Skip to main content

tv   Varney Company  FOX Business  June 27, 2017 9:00am-12:01pm EDT

9:00 am
something better. >> the navy ordered flags down at half staff at naval installations to honor the seven sailors that killed on the u.s.s. fitzgerald, i'm thinking of them. >> thank you for pointing that out. stuart varney, over to you. stuart: i'll take it. and the news is president trump and it's not entirely negative. good morning, the president tells syria there's potential evidence that you are setting up an another chemical attack. don't do it. sean spicer warned the military will pay a heavy price. do it and you'll pay. president obama's redline warning was ignored. and allowing most of the travel restrictions to go forward, the president can impose vetting.
9:01 am
cnn staffers who talked about russia, russia, russia have resigned. and the tweet to bring already republican no votes. vice-president pence has a dinner to pile on the pressure and telling the republicans you may never have a better chance to improve health care, get it done. you add it up and the president's standing seems to be improving. the left, oh, dear, looking increasingly deficit. the granny over the cliff ad goes way over the top bringing violent imagery to the health care debate and nancy pelosi says the health care bill will kill hundreds of thousands of people. senator al franken says it's 2000. trump will being up, the left in disarray. "varney & company" about to begin. ♪
9:02 am
all right, big corporate news out of europe. google fined $2.7 billion, the european commission, they're the finers, so to speak, ruling against google saying it abused its power by promoting its own shopping comparison service at the expense of-- at the top of its search results. the stock will open down just a little this morning. basically, it's done and 2.7 billion is peanuts for alphabet, is it not? how about the everoverall market. where is that going to open up slightly across the board, a slight decline. and oil 43.83, that's push the energy stocks higher. this is premarket. you'll see energy stocks are up across the board drillers and energy companies are slightly higher on the back of oil,
9:03 am
however, gas falling, about a penny a day, it's down to an average-- you're laughing. liz: love it. stuart: and there are four states. >> where are you driving to today? [laughter] >> i like the look of a buck 98. 1.95 elsewhere and the cheapest gas in the nation, not the cheapest, but from one of our viewers, canyon lake, texas, jay sent this picture in, squint a little and that's $1.82 for regular. liz: way to go, jay. >> all red states. stuart: funny you should say that, cortez. we'll get you in a minute. back to my take, president trump tweeting about the cnn story on russia that led to the
9:04 am
rest nation. and fakes news, that's the tweet from the president this morning. steve cortez, money guy and trump er -- supporter. i think that trump is on the upswing. i think the russia, russia, russia thing is fading. >> i think it's the beginning of the end of the russia nonsense. there was never collusion, it's a complete red herring. if the president was a stock, i'd be buying that and the cnn story is crucially important. i'm very happy to be a fox contributor now. 2016 i primarily was on competitor networks of ours on the campaign. a lot of cnn hits and i was often the lone trump person on a panel of eight trump opponents and i can tell you from what happened on air, from what happened behind the
9:05 am
scenes. their disdain for president trump is viceral. it's real. it is fake news. cnn keeps having to retract stories. they shout from the mountain to tops, and then retractions they whisper in the hallway. stuart: i make no secret about it i'm pro trump because he's pro prosperity. he has a growth plan i don't think the democrats have any plan. ashley: obstruct. stuart: they never ever were able to tell me what's your growth plan, never to do it. >> their only plan is to throw allegations. and what trump say and others say, middle america is suffering through this. and it you get into middle america, there's a big country
9:06 am
between brooklyn and brentwood. a lot of the lib early media didn't know that. and when you get to the middle america and find out that middle americans, ten years of slow growth, disasterous, and that's why they're going to deliver growth to them. >> the next case, the senate health reform plan, the g.o.p. is making minor changes to the bill, trying to get the support, vice-president pence will meet and there's an editorial saying look, get it done. here is a key sentence. the senate health care hour, g.o.p. opponents, that's republicans who oppose the current bill, will be held accountable, if they ruin this rare reform moment. all right, e-mack, handicap it for us, please. hold on, charles schumer says it's 50-50 that it passes. 's a democrat. what say you.
9:07 am
>> so they need 50 votes with pence as a tie-breaker. they can do horse trading, with 321 billion over ten years. take 200 billion that have and say, yes, we will blow out a little more medicaid that will satisfy possibly tom cotton of arkansas who remines silent about this and do more on health savings accounts and that will bring in the free marketers, and let the horse trading begin. by the way, consumers have repealed obamacare because they've been walking away from it. stuart: if it's not 50-50. what is it, 70-30. ashley: 70-30 based on adjustments being made. you can't please all the people all the time. and that's the problem with the g.o.p. if they can just find the right formula they're going to get there. stuart: okay. now, the other side of the russia, russia, russia story, allegations that former attorney general loretta lynch tried it keep a lid on the probe into hillary clinton's e-mails. judge napolitano is here. you say, i want you to repeat
9:08 am
this because i think it's a bombshell. you say loretta lynch could face time in prison? >> of course, if she committed obstruction of justice or in office --. >> the latter, putting impediment for corrupt purposes in front of investigators, like dial back the investigation of hillary 'cause i want her to win. i don't want her to be disabled during the campaign. obviously, she would whisper it, and look, jim comey made a case for a 0sn osteopathic 0s-- ostensibly a connection, if she asked jim comey in use the language that the campaign wanted him to use, i haven't
9:09 am
seen any e-mail between debby wasserman schultz and loretta lynch and the other way around. if it does exist, that's a potential smoking gun. this is not a bob mueller investigation, nothing to do with the russians. this is an investigation out of main justice. question, does jeff sessions have the courage to investigate criminally his predecessor? attorneys general don't like to do that because they don't want to be investigated by their successors. stuart: i don't know the answer to your question. >> i don't either. stuart: all of these probes and investigations with i seem to go right at the trump presidency, have now switched their focus, we hear less about russia, russia, russia, more about loretta lynch, a change in focus away from anti-trump to questioning the obama administration and what it was up to. >> yes. stuart: i say that's a plus for donald trump. >> the president himself raised the issue, and some of his tweets are very much on the mark, where he said, look, this
9:10 am
russia stuff happened under president obama's watch. we now know he knew about it, he agonized about it, he didn't warn anybody about it, we know they hacked 122 city and county clerks whose job it was to tabulate the votes, none of them were told about the hacks and how to stop the hacks. did any of that happen on my watch? i'm paraphrasing the president. it happened under barack obama's watch. stuart: it was a unanimous decision to allow some of the travel restrictions .
9:11 am
stuart: to the supreme court voted in favor of upholding the travel began. there's a compromise there, a carve out for people who have relationships or entities whoever that is in the left. >> that opens up litigation, and thanks for coming in. and the center says it's bad. you're making new law and taking away presidential prerogative. who are you to cut this into presidential policy. >> it's not going to be discussed it's 120-day order and by the time they get around to discussing it. >> the plaintiff in the case is a professor at an american college so he has a relationship with an entity and his case goes away. there may be no case to argue.
9:12 am
stuart: and trump wins. >> did i make sense of this. >> talking about politics, and a lot of folks i know in the trump base, they were ecstatic with neil gorsuch voting with-- the new nominee, one of the great accomplishments of this president. stuart: pandora, the screen, the stock is going to be down slightly at the opening bell and tim weststergren out. liz: and off the board. they named him interim ceo. stuart: it's at 8 a share. jeff bezos, blue origin, announcing it will build rocket engines in, wait for it, alabama. average salary $75,000 a year. alabama. and ritz carlton shows off an ultimate cruise ship and carries only 300 passengers.
9:13 am
everybody gets a private sweet with a balcony. >> and land your helicopter on it, too. stuart: i think we could. a supporter of the fracking industry will be with us. and my message to him in thank you, thank you very much indeed. we'll be back. introducing new parodontax. the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try new parodontax toothpaste. ♪
9:14 am
9:15 am
9:16 am
>> energy-wise, america is in a much stronger position these days and in my opinion, frackers deserve a lot of the credit. listen to what i said about this yesterday. roll tape. >> it's time to say thank you to american frackers. these are the people who use new technology to make america an energy powerhouse again. it's been a long time since energy producers got a good word, but right now, a big thank you is very appropriate. [laughter] >> not everybody agrees with that. not everybody. joining us now is someone who does agree. he's a director and producer of
9:17 am
frack nation. i think you agree with me. let's give all praise to frackers because they really have changed america's position in the energy world. am i right? >> they've changed american positions. they've changed the energy world. they've changed the political world as well. i mean, russia is in trouble because of fracking. saudi arabia is in trouble because of fracking. the middle east. opec, opec is a shadow of what it used to be. america is now going to be the dominant market moving energy producer because of fracking. stuart: now, like in new york state, for example, there's a moratorium on fracking, you can't do it, period. you can't do it. neighboring pennsylvania, you can frack and it's a $a 5 billion a year industry. and president trump says we want to promote all storms of energy production. do you think that's going to
9:18 am
make a difference to the new york states of this world and the californias of this world? are they going to see the light? >> i don't think so. i think that the-- i think that these states are just too rich. or the people are just too rich. they don't see the need for fracking. i've been to pennsylvania. i've spent a lot of time in pennsylvania. it is a complete game-changer. you go to villages at that ten years ago at times that were dead, there was just old people, all the young people had gone to the cities for work. now these are vibrant villages with houses full of young people working, earning a living. these are vibrant, lively small towns in america and president trump won pennsylvania. he won ohio. these, i think, it was the fracking election, more than anything else. >> now, one of the criticisms is, that it pollutes ground water. pollutes local drinking water.
9:19 am
you're shaking your head. is that not true? >> look, it's easy to say that, but-- it's easy to make, file a lawsuit in this country. it's easy to make a documentary for h.b.o. and make the claims. years when the scientists examine water and pull a sample and analyze it, nothing there. no fracking fluids, nothing, zero. in pennsylvania, the ground zero of fracking pollution where yoko ono and susan sarandon, the epa were called in and they said there's no fracking fluid in the water. fracking has not affected the water. the water is okay and it's the same for all of these scares are. i think that people need to stop scare mongering and need to embrace the science.
9:20 am
we hear so much of people loving science. it's not hard to analyze the water, let's analyze the water and respect the science. stuart: good to have you on the show, frack nation. >> thanks, stuart. stuart: coming up, warren buffett pouring cold water on the trump rally. he won't call it the trump rally. he won't even mention his name. you'll hear it after this.
9:21 am
at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly.
9:22 am
9:23 am
your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance.
9:24 am
>> warren buffett will not give president trump any credit for the stock market rally. roll tape. >> does president trump deserve credit for what's going on right now in the market? >> the stock market has been going up, basically since march of 2009. that's when it hit the bottom, very early in march. it's been going up more or less ever since then. >> steve cortez, i think he will not give president trump any credit. >> he's blinded by bias there. but there are gains which are due to president trump. boeing, i think, ba, is the ultimate trump stock, defense and infrastructure, up over 30%. you can't tell me it's coincidental. stuart: berkshire hathaway, i don't have the numbers, i'm sure berkshire hathaway his
9:25 am
investment vehicle has gone up a lot. liz: and his net worth has gone up, up $12 billion due to the trump rally. buffett's own. stuart: i suppose i can understand it. i think he's a brilliant investor the greatest of the last two generations, the first person to make a billion dollars in the stock market, why like his politics, i don't like it. >> you're right, credit where it's due. he's clearly a market wizard, but politically, i disagree with him almost always. stuart: he doesn't think we're going to get to 3% growth. no, we won't go to 3% growth unless we cut taxes! don't get me started. and we'll be down maybe 20-odd points, not a huge loss, around the 21,400 mark. pay close attention to the five technology companies, as things stand they'll all be down again
9:26 am
at the opening bell. we'll take you to wall street, take you to the opening bell and see how things are going in the early going. we'll be back after this. [vo] when it comes to investing,
9:27 am
9:28 am
9:29 am
looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. >> all right. 25 seconds to go. we will be off and running this tuesday morning. let's see how we're going to
9:30 am
open. probably flat to slightly lowerment i want to pay particular attention to the fabulous five. the big name technology companies because i suspect they're beginning to edge just a fraction lower. you know, every day they use today make new highs, not recently. let's see how they go this morning, and bang! there we go, it's 9:30. we're off and they are running. and start at 20,400, that's a gain. look at this. ashley: that's a gain. stuart: wait for it, it might slip into the minus column. there you go, sorry about that. [laughter]. i'm not trying to talk this thing down, i'm really not. now we're up. that's the dow 30, even winners and losers, google down 11 bucks. the european union signed it, alphabet, this is an anti-trust ruling saying you're nasty to your smaller competitors.
9:31 am
and sprint and others are talking about a partnership for wireless services, we'll discuss it. two stories about self-driving cars, are they really going to take over? good question. google's waymo self-driving unit makes a deal with avis to service its fleet in phoenix. apple hiring hertz to lease lexus suv's. is it going to take over? i'm a skeptic. joining us elizabeth mcdonald, steve cortez and mike murphy. is the turmoil in washington beginning to end or fade should we say? russia, russia, russia, is that going away? is the president about to start looking up a little bit? is this the start, maybe, of the second or third leg of the trump rally. several questions involved there. let's ask mike murphy to answer all of them. >> i think, where do we start. [laughter] >> start rally. stuart: yes. >> i think you have another
9:32 am
move up in the market from here. trump took a lot of punches and a lot of negatives there, and the markets held gains. we talked about rotation, stuart, some money left technology, but it didn't lead the market. you didn't have massive selloffs. you had the market holding gains so now you're seeing energy get a bid and the price of oil after getting hit hard and rallying, energy stocks move higher. as long as the money is staying in the market, rotating from one sector to the other, i think the next move in the market will be higher. trump rally, yes. stuart: steve cortez is with us, and he's a trump guy and i guarantee he's going to say yes. the second and third leg of the trump market. >> i think that what donald trump has done politically, a rope-a-dope, something ali did. the democrats and main street media did so much to punch
9:33 am
about russia, that they're out. liz: watch for long days, wednesday and thursday, mitch mcconnell trying to get the 50 votes. remember, pence is a tiebreaker, using the deficit savings to horse trade. more medicaid and health savings account to get reluctant g.o.p.ers on board. ashley: i think we're punch bunch and i go in the store and the russian clerk says i'm under investigation. and g.o.p. argue that for the greater good, everybody has to give a little bit when it comes to a deal. they have to give a little bit and get it rolling and then the markets take a leg up. stuart: you've got a point, ash. get it going. oil has gone up four days in a row, up a little bit more now that's helping the energy stock, up a little more on crude. the question, will the rally in
9:34 am
oil, going higher in price, does it mean the end to the gas price decline. >> stuart, i think it does. i don't think that we go up markedly here, but in terms of the stocks in particular, i think that rotation is the name of the game. i don't like that tax has a run, i'm not anti-techs, but energy, beaten down all year, unloved. it appears the price action is constructive finally in the crude and xle does better here. stuart: and all of them a fraction higher, not a huge rally, a bit of a comeback, but they are on the upside. now this, european union anti-trust regulators hit google with a record fine $2.7 billion. they say google favored its own shopping services in searches. do you think that that ruling, 2.7 billion dollars is what's causing that stock to come down? >> yes. >> but it's 1%. you look at google's cash on hand versus this fine, they're
9:35 am
going to deal with it, put it behind them and move forward. long-term it's no reason-- if you own google stock, it's not a reason to sell. stuart: i agree with you entirely. liz: it could have been a $9 fine, eu's fine structure. stuart: 2.7 billion is peanuts to a company like google. chump change. but we'll follow that thing for you. a company owned by sampson's chief jeff bezos will build rocket engines in a new plant in alabama. i find that fascinating because a rocket engine is a complex piece of machinery, built in america, built in alabama. >> bezos continues to take over the world. i think what he's doing is awesome. he's looking at the future and i don't see how you see a negative. >> huntsville is already big in the space world, with nasa there. they've got skilled labor
9:36 am
force, there's going to be 350 jobs, each paying, what was the number here $75,000. ashley: an average of $75,000. what a great deal for alabama. jeff bezos says we're looking for a talented work force and wants to be there. liz: you know what i love the story, it's nasa saying about the space race, you, private sector, do the space race. look the a the players besides amazon in the space race, the private sector launching rockets and space exploration, that's the wave of the future. interesting stuff. stuart: here is another interesting story. i can't get my arms around it. companies plan to move ahead with self-driving cars. we talked about waymo a second ago. i don't get it, i don't believe it. self-driving cars taking over? no. >> i think you have to-- i agree with you there, but look, i think what they're talking about, stuart, less about you hopping in a car and it driving you through the city. it's more about an autonomous bus type vehicle, kind of like
9:37 am
a train, how it moves from one point to the other and there's a conductor there. i think a way to transport people. a way to transport goods which we're already seeing now, so, i think you have to give these people credit that they're thinking a step ahead of you or i and they're going to get this right. >> stuart at the risk of offending you here, a bit of a grumpy, old-fashioned. >> moi? [laughter] i think it's a regular transportation time by the time we're old. you're not old. stuart: careful, careful. >> our oldest two daughters, 18 or 16, and neither have their license and they're not going to get their license because they'll be in driverless cars. they don't have the reticence that we do, middle aged folks. ashley: my wife fails her driv driver's licenses and waiting for driverless car.
9:38 am
liz: you had to bring up fiona. ashley: good luck. stuart: you opened up a pandora's box. ashley: i'm sleeping in the city tonight. >> you saw whole foods, acquired by amazon. look at the performance of hertz and avis, abysmal, destroyed by the ubers of the world so they get low enough to where companies like apple or google can come in, not saying they're going to buy them definitively. there's value there. liz: using the rental car companies as service stations for the robot cars. ashley: hertz tagline, we put you in the driver's seat. we'll put you in the back seat. they will he a-- they'll change it. [laughter] >> we're down 25 points as we speak. move on quickly, please, to the s&p 500 a broader indicator, where is that?
9:39 am
it's down just down-- . and nasdaq .4%, selling technology as of now. darden restaurants, owner of olive garden, more people went to the restaurant, up 2 1/2%. general motors lowering outlook for auto sales in america, stuck at $34. has been forever. and looking at the five. they're down. stuart: and lidl. is that the pronunciation. ashley: they say lidl. stuart: plans to build redistribution in georgia. and lidl gunning for wal-mart. >> i think they're gunning for a piece of the multi-billion dollar u.s. industry. i think there's enough there. even though amazon is there. wal-mart pays 3.3 billion for a start-up company, three years old because they wanted
9:40 am
to be in the space. liz: maybe they can bring back the ghost malls and revive them. >> there's enough out there where people now, the way our lives are changing, we want something brought to us. we no longer want to go out and get it, so there's plenty of people out there who can get a piece of the market. amazon will have a big piece of it. who else is there. plenty of room for lidl. >> i think that americans now spend more money eating out than they do at grocery stores net for the first time ever, which is probably part of the reason why, stuart, you mentioned darden restaurants. the u.s. consumer is very, very optimistic. i like to attribute that to trump, but whatever the reason, the consumer is optimistic and spending. stuart: warren buffett will disagree with you. using robots in the grocer's warehouses as a way to cut down on cost. >> that's the story line out there, that the unions, the grocery store union workers, are going to get mad about
9:41 am
this. whole foods has 11 distribution centers, a lot of perishable goods and amazon is on the leading edge, cutting edge of using robots in its warehouses and will it use robots in whole foods distribution centers. here is what they can do to fight back the unions. amazon's work force is up 43%, i think year over year. and that's a big jump. and they are planning to hire 100,000, amazon is, 100,000 workers over the next 18 months so it's the grocery worker unions chieftains get mad about this and the robots in whole foods warehouses. amazon could say we're going to hire more. stuart: thanks to steve and mike, great having you on the set. 22 down. the first woman, female officer to lead the changing of the
9:42 am
guard at buckingham palace. ashley: what? >> we will have that for you. stuart: a serious story, the white house warning syria's assad, if you're planning another chemical attack, expect to pay a heavy price. now, that's a warning. we'll be back. needles. essential for him, but maybe not for people with rheumatoid arthritis. because there are options. like an "unjection™". xeljanz xr. a once daily pill for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz xr can reduce pain, swelling and joint damage, even without methotrexate. xeljanz xr can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections, lymphoma and other cancers have happened.
9:43 am
don't start xeljanz xr if you have an infection. tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. your doctor should perform blood tests before you start and while taking xeljanz xr, and monitor certain liver tests. tell your doctor if you were in a region where fungal infections are common and if you have had tb, hepatitis b or c, or are prone to infections. needles. fine for some. but for you, one pill a day may provide symptom relief. ask your doctor about xeljanz xr. an "unjection™". (baby crying) (slow jazz music) ♪ fly me to the moon ♪ and let me play (bell ringing)
9:44 am
(audience cheering) hit could be the next big thing i should totally get that domain name... get your great idea online too... get your domain today, and get... ...a free trial of gocentral from godaddy >> all right, now we're down 30 points this tuesday morning and puts us back at 21,380. monsanto will fight the state of california. california declared the active ingredient in roundup, the weed killer is a cancer causing agent. nicole at the new york exchange
9:45 am
with this one. nicole: monsanto says it's unwarranted on the basis of the law and they're going to fight this. and now, california is going to look into the part of the weed killer and they say it's cancer causing. they'll go on the list in july and monsanto if everything goes forward has choice, label it and say it's cancer causing and every time you spray it you have to put up signs. or pull it from the shelves. one, do this he fight it and how much of the element is used in the state. or three, don't sell it in california. that's an option. see what the farmers think about that, nicole, thank you very much indeed. now this, a wall street journal editorial saying get health care done. just do it.
9:46 am
if reluctant senators don't think they'll be held accountable for defeat, think again. and now marsha blackburn for tennessee. will you handicap the vote. charles schumer 50-50. liz macdonald says 60-40. ashley webster, 70-30, it will get done. what does marsha blackburn? >> i tell you, i think that mitch mcconnell will get this across the finish line this week. he certainly is working on it. i think many of the senators realize they need to get to yes on this, i've got a card here with the stats in tennessee and people are being booted out of the health care access system because the insurance market is failing, they cannot get in to see a physician. they are needing to move to high deductible plans and bear in mind, 19 million people chose to either get exempted or to pay the penalty last year.
9:47 am
that is what we're dealing with. stuart: what do you-- how do you respond to former speaker nancy pelosi who said that the passage of this health care bill will cause the death of hundreds of thousands of people. what do you make of that? >> i think nancy pelosi likes the drama lines. but this is not a one-act, two-act or three-act play. this is serious business and you have people that no longer can get health insurance, that lost their health insurance, and when you look hat what is happening with medicaid in the senate bill, the spending on medicaid increases by 20%. now, stuart, when was the last time an increase was couched as a cut by the democrats? they want everything. they want it all and when republicans are spending, but not as much as they want to spend, then, of course, this is
9:48 am
the way they're going to talk, but realize their goal is a single payer system, with the federal government in charge of all health care, all hospitals, all deliveries, and all insurance and that's not what the american people want. stuart: i want to bring this to your attention, i'm sure your he an aware of it already, but for our viewers, this is coming into it. the white house is warning syria don't use chemical weapons again, they say they've got potential evidence they're preparing a chemical attack. and the warning is, you, mr. assad, will pay a heavy price if you go ahead and do this. this seems like a pretty strong warning, raising the level of tension. >> it's appropriate warning to assad. we saw what happened with the april attack and i think the white house is proper and correct, in issuing a warning and letting them know that they are going to face opposition, stiff opposition and a ready
9:49 am
response, if they carry out such an attack. stuart: marsha, you're going to have an extremely busy week. we thank you very much for taking time out to be with us. >> good to be with you, thank you. stuart: thank you very much. checking the market, kind of going nowhere, we're opening 28, 29 minutes now, a lot of red and down just points on the dow. ups reportedly planning to freeze pension plans for thousands of the nonunion workers, all part of a plan to close a massive defendant in its retirement fund. the stocks after this.
9:50 am
♪ ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪ wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getaways, member always save more at
9:51 am
9:52 am
9:53 am
>> ups plans to freeze pensions for nonunion employees. i take it this is retirees in the future. liz: yeah, it's 78,000 who are managers, basically, they're nonunion workers. they're going to see their pensions frozen. basically ups is seeing a 9.85 billion deficit to its pension plan. so this is a sop to the unions. because the unions negotiations with teamsters next year. stuart: so they freeze management pensions in the future. union pensions no holds barred, they get what they were
9:54 am
promised. liz: correct. stuart: they've got a deficit on the union pension funds. liz: yeah, they've been doing buyouts and freeze is in lower costs. that's the wave of the future. countries across the country are freezing pensions. stuart: look what's happened in illinois. pensions, government workers that's different, but i understand the point. the high rise fire in london, what an incident that was i mean, extraordinary video. well, now, they've tested other high rise buildings, the results. ashley: it's a scandal, stu. they've tested 95 buildings, other tower blocks, residential tower blocks and every one failed the safety test. the cladding, the material on the outside is highly flammable. it's he will legal to be used in the united states, but the reflexes not as regulated in the u.k. now the government under a lot of pressure and people being ordered out of these buildings, where do they go? it's a headache for the government, but they're testing as many as 60 to 700 of the
9:55 am
terrors, and so far every one of failed the test. liz: what is the cladding for, making it look sharper or-- >> well, this particular one is in kensington area, want it had to look nice, a ritzy area, it's superficial to make it look like anything other than a concrete block. unfortunately, it acted like a stove, almost, as flames spread out, fed up the tower block. stuart: when you have something of this magnitude. social policy changes, it has toss. it provokes a political reaction and creates change. got it, thanks very much. for the first time ever, a woman leaves -- leads the change of the guard at buckingham palace. any more on this. ashley: i do. she's actually a canadian, believe it or not, her name is megan cotto. she's the canadian soldier right there. the changing of the guard,
9:56 am
anyone who has been to the u.k., it's a torist thing to change the old guard with the new guard, the pomp and circumstance, the red tunics and the marching band. never has there been a woman lead the changing of the guard fl now. why canadian? the anniversary of acanada, and the queen invited them over. stuart: i was a student in london and i used to take dates over to see the changing of the guard. >> it's free. liz: and also a lovely job. stuart: and take the dates to see them. liz: you were such a cheap date. stuart: absolutely. nothing changes, lizzie. [laughter] >> changing of the guard? >> the left spews out violent propaganda. you're looking at some of it. i don't think it works. they think it does. we'll be back. yet some cards limit where you earn bonus cash back
9:57 am
to a few places. and then, change those places every few months. enough with that! with quicksilver from capital one you've always earned unlimited 1.5% cash back on every purchase, everywhere. welcome to unlimited what's in your wallet? the toothpaste that helps new parodontax. prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try new parodontax toothpaste. ♪
9:58 am
. . . . . .
9:59 am
10:00 am
stuart: you know the left doesn't get it. they pump out violent political propaganda thinking it sways voters. they think it works. take the granny over the cliff ad. the producers did a remake. same violence. new target. president trump. we showed this extensively on this program. i put it on fox news because it received airtime the left he thinks they won. just get it in front of the public it good enough for them. they put a press release, it was covered on "fox & friends," stuart varney show twice. in the space of an hour. correct. you think airtime wins. i think violent extreme propaganda loses. voters have enough of this. if stabbing the president in effigy, or holding a image of his severed head or hollywood celebrities urge burning of
10:01 am
white house, if all of that were effective democrats would have won the georgia election. president trump won. he is 4-0 in special elections. hyperbole, extreme exaggeration bordering on nonsense is also in effective. nancy pelosi says, hundreds of thousands of people will die if the health care bill is passed? hundreds of thousands? this from the self-proclaimed master legislator, who told us we had to pass obamacare to find out what's in it. the old guard left still can't believe they lost the election. they should take a hard look at the propaganda they're shoving at us. they will lose the next one too. if they can't come up with a plan of their own and knock off the violence. second hour of "varney & company" is about to begin. ♪ stuart: we're waiting for house gop leadership. the weekly news conference.
10:02 am
we'll take you there. if there is anything really vital comes out of it, you will be the first to know. we'll get new numbers. got them. consumer confidence. liz: up, surprise turn around. they were looking for a third straight drop. surprise turn around for may. so you know, this is pulse of main street. it is trump bump still there? the gains that held after the election? they still coming in. remember it was trending down for two month. surprise turnaround. it is up. stuart: market paring its lossess down 15 points, that's it. i have break news. shipping company mersk. they hit by a cyberattack. ashley: their i-t systems down affecting their business units. this from russia's top oil producer, rosneft, the energy giant says its servers hitting
10:03 am
by what it calls a large-scale cyberattack. causing a powerful hacking attack. seems like cyberattacks coming in overseas. stuart: thank you, ash. we're down 15 points on the dow industrials. tuesday morning, not going that far. we checked big-name technology companies. earlier they were all down, that has not changed. get back to the senate health bill. show you what is in "the wall street journal" this morning, very important lead editorial in today's "wall street journal." here is one quote from it. what the republican holdouts should understand, is that this is a defining political moment. they may never have a better chance to improve u.s. health care and reform government and window is closing. look who is back. mary kissell from "the wall street journal" editorial board. welcome back, mary. good to see you again. >> great to be with you, stuart. stuart: your paper, i don't know whether you wrote this or not,
10:04 am
you don't have to tell me, your paper is saying get it done, no matter what, get it done. you will never have a better chance. that is what i've been saying. >> there are two choices here. republicans will pass this bill and improve and stablize insurance markets, bring premiums down, cut taxes, return medicaid to its original purpose, improve federalism, give states more flexibility they will have to pass a bill to prop up obamacare. politically, stuart, here on plan earth in the real world, it is not tolerable to let millions of people have no insurance coverage or choice of one insurer. to keep having premiums go up double digits every year. those republicans say we don't have to do anything here, let the market fail, you can't do that. this is not several years ago. obamacare is a part of the market. politically those are only two choices they have. stuart: when we first saw the plan, there was enormous amount
10:05 am
of criticism, all kinds of senators were popping up saying, can't do this, can't do this well tonight vice president pence will hold a dinner. i think that is come on, get together. you will have to do it. senator cruz is saying he thinks we can get to a yes. >> i think senator cruz wants to run for president again. i think president cruz is positioning himself as a conciliator, the guy who gets everybody together to get to yes as he says. stuart: i'm asking you basically to handicap this thing. charles schumer says 50/50 chance it actually passes. liz and ash think better chance, 60/40,0/30. all movement, arm-twisting you think that will end in a yes vote this week? >> i think it depends if republicans stand by their principles, believe in their principles, believe markets work or not. some guys like rand paul, wants
10:06 am
a perfect bill. he doesn't want to negotiate. he wants an idea, make a point rather than to pass legislation. dean heller is who facing domestic politics in his home state he. he is waivering because it doesn't mean re-election for him. you know what, better for the american people, not me and my personal political to pass a reform bill. stuart: i agree entirely mary. got to get it done. liz: sorry, excuse me, won't democrats still attack republicans that vote no in the midterms? >> i think republicans and president have not done a good job explaining exactly what this bill does. they're letting democrats define the outcomes here. take the cbo report. we know that the cbo underestimates impact of markets. the cbo said this bill would bring down premiums by 30%. stuart: nobody is reporting that. >> cbo says those millions of people who are not covered after
10:07 am
this bill, a large portion of that because the mandate goes away. so in other words, they're choosing not to have coverage. the republicans need to communicate that. liz: exactly. stuart: the tide is turning. intellectual political tide i think is turning. shoot me down if you wish. that's my story, sticking to it. news alert. supreme court delivering a win to the president on the travel order. the president tweeting this response earlier this morning i believe. very greatful for the 9-0 decision from the u.s. supreme court. we must keep america safe. the court will hear a full review of the order in october. joining me now ken paxton, texas attorney general. sir, mr. attorney general,. this is a win for president trump, i think you probably agree with me. there is a carveout here. i think there will be endless
10:08 am
litigation for anybody that comes to america and say i have a relationship with america. endless litigation. what say you? >> first of all, good morning from texas. i agree with you, that it's a win. 9-0 it's a nice turn around. i think it's a little nebulous. i think it results in litigation all over the country. would be very nice to have that resolved in october, clarified better so that we don't end up in endless litigation which le already had. stuart: we are going to get that? i don't see any way around this. i'm sure they're running to the courts already. they wanted to come to america. just prove you have any kind of relationship go to court to prove it. there will be a taxpayer deal, we have to fund that litigation, i guaranty it. >> i agree. three justices wrote exactly what you're talking about, endless litigation. who knows how that turns out.
10:09 am
the court will resolve or get better, clearer guidance. they end up deciding later. stuart: i want to refer to something occurred on this program earlier. our own judge napolitano, talking about former attorney general loretta lynch, says she could be in serious trouble for keeping a lid on hillary's investigation. room tape. -- roll tape. you say loretta lynch could face time in prison? >> of course, if she obstructed justice, or, committed misconduct in office. stuart: mr. paxton, you are the top laogai in the state of texas, what say you to what our own judge just said? >> i agree with him. there is already questions how she handled the investigation. changing it from investigation to matter or at least suggesting that to comey. also obviously was involved meeting with president's husband, with president clinton, so if there are emails that suggest that she was doing inappropriate things, obstructing an investigation, i think clearly congress is
10:10 am
involved in investigationing. trump administration on russia, that rises to that level and higher. stuart: you say you are confident you will win in a lawsuit filed by sanctuary cities because of your new law in texas against outlawing sanctuary cities? you going to win this one? >> i think we are. couple reasons, this is all about public safety. we're talking about illegals who are criminals, who have been arrested or who are lawfully detained or being investigated. we're not talking about the cream of the crop here. we're talking about people here illegally, committed a crime or likely committed a crime. second of all we had the litigation in arizona, almost exact same issue. arizona legislature passed a law, not just allowed, required law enforcement ask about immigration status n this case all we're doing saying to elected officials you can not stop law enforcement from asking about immigration status.
10:11 am
if that went all the way to the u.s. supreme court and was successful for arizona we think ours will as well. stuart: thank you for being here, giving us the other side of the coin. >> thank you. stuart: stuart. stuart: walt disthey presenttation map, investors idea after theme park, disneyland, sold for overhundred overhundred -- $700,000. disney drew that map. mr. disney himself. ashley: walt. stuart: drew it back in the 1950s. that went for 700,000 bucks. white house says syria will pay a heavy price for a chemical attack if he makes one. amazon strike as deal with the nfl to stream "thursday night football." the future of football, jed legend joe namath joins us next.
10:12 am
liz: yay. ♪
10:13 am
10:14 am
10:15 am
stuart: google fined $2.7 billion by the european commission. it says google abused its power by promoting its own shopping comparison service at top of search results. you can't do that. we'll fine you $2.7 billion. google is down 1%. patriots owner bob kraft commenting on amazon's deal to stream "thursday night football" and. here is his quote. there is dramatic shift. this year we're with amazon, for us the future is streaming. joining me now a man everybody knows, including myself, his name is joe namath and that man is hall-of-famer. i know him well.
10:16 am
joe, great to see you, sir. >> thank you, stuart. thank you for having me. good morning ladies as well. stuart: how about this deal, streaming is football's future, what is your response to that? >> it is brilliant. it is wonderful. giving more access to those out there may be on their phones, internet whatever, more than sitting home watching television. i think it's a wonderful way to promote the nfl. stuart: okay. i want to talk to you about joe car. derek carr. i'm sorry about that. >> joe works. stuart: for you it does, highest paid player in the nfl, 125 million-dollar contract, 40 million guaranteed. carr says his wife will still clip coupons. watch this, joe. [laughter] >> she still gets coupon, ever since i known her. she finds coupons, gets online
10:17 am
trying to find discounts and all those things. none of that is going to change. stuart: am i right in saying, joe, back in 1965, you had a contract for three years, for $427,000, which was huge money in those days. is that accurate, joe? >> that's accurate. robert f. kennedy, and the triborough bridge was 25 cents to cross. [laughter] stuart: what would you have done if you made a guaranteed $40 million. >> i don't know that i would have done anything much differently than i did. i probably would have asked for more help and had more guidance, input from people that knew a heck of a lot more about the financial world and future than i did at the time. stuart: well, would you have been, well you weren't thrifty were you, back then?
10:18 am
>> no, i wasn't. i was, taking care of business. taking care of things and the bills but i did want to enjoy life. stuart: yeah, but you had a great life. that is a fact, joe. i want to move on to this. >> you bet. stuart: you know warren sapp will donate his brain for concussion research. you have got a charity, you have got a fund for that purpose. i want you to tell our viewers about that, please? >> well, stuart, you know we've heard over the last few years, a bunch of years now, about traumatic brain injuries. we talked about it a lot with football and sports. but on an everyday basis, every day there are people out there falling and having traumatic brain injuries, the military. it is not limited to sports. what we're doing here at jupiter medical center, helping people that suffered symptoms of
10:19 am
concussions may not be able to move an arm or talk or communicate anymore, we've seen tremendous success with those that have been through the high per barrick oxygen treatment here at june tell medical center. we're trying to help out. --stuart: if you made football, safer, less aggressive, less brutal, would it still be as popular. >> yes. i don't think football will ever go away. our society in general, people around the world, a couple of things. violence is entertaining to a degree. sex is entertaining to a degree. i add the sex to football because of tight football pants, the guys are pretty strong you see. so as long as there are guys willing to play, people willing to play, the sport will continue
10:20 am
thrive. stuart: stay there, joe. i want your take, tennis great john mcenrow making comments about serena williams and her talent. hold on, joe after this. we'll be right back. ♪
10:21 am
10:22 am
10:23 am
stuart: want to bring this to your attention. darden coming to record high. just released the earnings. made more money than expected. it is the parent company of olive garden. the stock is up 5%. not bad. joe namath is still with us. here is the subject i want to discuss with him.
10:24 am
tennis great john mcken row getting heat what he said about serena williams. >> serena williams say she is the best female player in the world. in the book. >> best female ever. >> some wouldn't qualify it. some say she is the best in the world. why qualify it? >> you mean the best player in the world period. >> best tennis player in the world? why say female he player. >> because if she played men's circuit, she would be 700 in the world. >> you think so? >> yeah. that doesn't mean i don't think serena is incredible player. stuart: after those comments macenroe was heavily criticized on social media. joe name act is filing. what do you think? >> i like john. that is what he believes. i will not argue with him. i'm a serena fan. i loved watching her over the years. but, being a male, knowing the difference in speed and quickness and, you know,
10:25 am
strength, i'm not going to argue with john. stuart: i want to bring back, february 1973, at the stratford motor inn near i-95. the whole jets team came in. i was awaiter. i served you a steak. by the way, i served emerson boozer a double steak. you don't remember me, do you? you don't remember that occasion. but i remember the tip. [laughter] >> well, i hope it was all right. by the way, boo used a lot more energy than i did. i'm glad you gave him a double steak. stuart: you gave me a whopping great big tip. a big smile. i have never forgotten it. you were the star of the entire restaurant. virtually everybody stood up looked at you coming in. it was great joe. it was great to be part of america in my first couple weeks and months in this great country. joe, thanks for being with us. always a pleasure. thank you, sir. >> thank you, stuart.
10:26 am
stuart: see you again soon. what's next, nancy pelosi says the senate health care bill will kill hundreds of thousands of people. senator al franken says, well it is 2000 who will die. we're on the story. start-up, blue apron, they deliver meals complete with all the ingredients ready to cook. they may go public. they're expected to go public on thursday. we have details on that too. ♪ introducing new parodontax. the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey
10:27 am
to much worse. help stop the journey of gum disease. try new parodontax toothpaste. ♪ (upbeat electronic music) ♪ i'm living that yacht life ♪ life, life ♪ top speed, fifty knots life ♪ on the caribbean seas ♪ it's a champagne and models potpourri ♪ on my yacht made of cuban mahoghany ♪ gany, gany, gany, gany ♪ watch this
10:28 am
10:29 am
10:30 am
♪ stuart: what is that music. percussion? canadian song? ashley: 1980's song. stuart: dow at 21,395. all tech stocks, the big five are all down as we speak. that is hurting the overall market. now this. nancy pelosi on republicans health reform bill. roll tape, watch this. >> we do know that the, many more people, millions, hundreds of thousands of people will die if this bill passes. stuart: hundreds of thousands of people will die if this bill passes. come on in please, the lady who wrote the book, government gone wild. her name is kristen tate. what do you make of this? former speaker of the house of
10:31 am
representatives who introduced us to obamacare, hundreds of thousands will die? >> this is kind of absurd scare tactic rhetoric causing democrats to continue to lose elections and credibility. i think americans hear this stuff and they roll their eyes. this is just another example of the democrats obstructionist agenda. they're not learning any lessons at all. stuart: that is dramatic statement. hundred of thousands of people will die. >> so absurd though, no merit to the claim. stuart: but does it help the democrats, you make that claim, a lot of people hear it, does it help them in the health care debate? >> it hurts them. if there is anything we learned from the special elections is that the democrats obstruction agenda and their scare tactics about trump, it is not working. now having said that the senate republicans are having hard time rallying enough support from members of their own party to get this bill passed. they need 50 votes to pass it through. the democrats, they are not going to vote for it. they can only afford to lose two
10:32 am
votes from their fellow gopers. right now six say they are not ready to vote for this by here is the thing, stuart. obamacare is not working. we have to do something, else it will be really bad news for republicans in the 2018 election. stuart: you're right. do it, get it done, no matter what. >> the american people look around. they see republicans are in the control of the house, president, presidency. if nothing gets done this collapsing health care system the blame will fall on republicans for their failure to act. stuart: i agree, 100%, i really do. i need your comment on two supreme court -- they're not decisions. they declined to hear two cases on the second amendment, specifically dealing with concealed carry in california. now what is with all of this? any comment? >> there is some bad news and some good news here. the bad news the supreme court declined to hear probably the most high-profile case in the country. the case involves a early derly man wanted to carry firearms out of his for self-protection.
10:33 am
the lower court said the second amendment does not apply to private citizens carrying firearms in public. it is absurd ruling. california sheriffs get to use their own discretion who gets concealed carry permits, who does not. this opens up a floodgate of problems, because the sheriffs departments can discrime nate against groups they don't like. there are a lot of other problems. stuart: the supreme court would not take the case? >> they will not hear the case. so the lower court's ruling stands. the other case in pennsylvania, the supreme court let a lower court ruling stand not allowing felons to purchase guns is violation of the second amendment. this is seen as small win for guns rights advocates. big win for conservatives neil gorsuch is proving to be a very conservative justice, ruled with clarence thomas, they both dissented in the california case. ruled conservatively on the travel ban, as well as another case involving gay marriage. good news for conservatives there. stuart: you are a libertarian? >> yes i am.
10:34 am
stuart: as a libertarian do you want to see more guns no our society or less? >> absolutely. spend a lot of time in houston, texas. everyone is packing heat there. that is why that city has very low crime rate with guns because the criminals know all the good guys have guns too. they're less likely to try to start trouble. stuart: just a fascinating argument, isn't it? ashley: yeah. stuart: i'm right in the middle of this argument. ashley: it makes sense. stuart: it makes sense. >> look at chicago. gun laws. stuart: good question, liz, do you want to see guys .45 in a bar after six-pack of beer. >> that is where i draw the line a little bit. stuart: so do i? do you want to see guns in the classroom? >> yes i want to see guns in the classroom.
10:35 am
>> think of all the shootings we could have prevented. stuart: okay, i have six kids, nine grandchildren. >> would you want them to in a school as a sitting duck when a bad guy comes into the school with a gun? my kids were at school, i would definitely want armed guards or someone with the right intentions there to defend my kids. i think a lot of americans feel the same way. stuart: ashley and i will leave your question unanswered. ashley: yes. stuart: i'm not sure. i'm not sure. i'm on the fence on it to be honest with you. i really am. good stuff. thanks for joining us. >> thanks for having me, guys. stuart: cyber attacks hitting european companies now. we heard about mersk earlier. ashley: get the sense this is expanding. rosneft, the oil giant hit by cyberattack. mersky, shipping giant. wpp, big british advertising group has been hit.
10:36 am
postal service, telephones and several banks in ukraine are been hit by a cyberattack. this appears to be spreading overseas. stuart: you hear a lot of this. ashley: yes. stuart: very unsettling. ashley: it is. stuart: what is it, a month ago we had all kinds of organizations hit and shut down. the british health service. ashley: exactly. stuart: we're on it. thank you very much, ashley. now the far left group, the agenda project. they're claiming victory because we play their new granny off a cliff ad. we put it on the air. they say that it is a victory. joining me on the radio, "kilmeade and friends" host, brian kilmeade. i say using this kind of violent what do you say. >> if democrats wanted to pressure republicans, they could say i hold in my hand the fix to
10:37 am
obamacare. you can go with the fix or go with whatever republicans are proposing, but instead they say they have haven't asked me, take repeal off the table. i don't think that is plan. they're sitting back as republicans getting closer and closer, and we have rand paul next maybe getting a yes here but it will go down to the wire. stuart: that is interesting. i understand senator ted cruz has said, he thinks they could get to a yes. now if cruz is on board, that means many house freedom caucus people will be on board, if and when it gets to committee stage. this is progress, moving towards a vote yes. do you say that? >> yeah, i would say a couple things are happening. when they get into, when they start consolidatinging republican, democratic plan, when they get into that time they have two plans, neither are happy with, then they get to tom price, health and human services secretary, who will be able to put rules in.
10:38 am
they do today, malpractice insurance reform. we know how effective that is in texas. so doctors don't have to have megamillion dollar policies, to put that on the patient in money. little by little they're getting to what they want. but in reality, not in the laboratory, in reality, when you can only get 50, when you can't get 60 votes, only he get something not changing the bill enough, you get a simple majority, you never get complete repeal and replace. senator susan collins is definitely out, judging by what she was saying yesterday, i say getting something done is better than having a perfect bill fail. that is where i'm coming from. brian, i have to move on to sports because you're a sports guy amongst many things. tennis legend john mcenroe in trouble after he said that serena williams is not the best tennis player of all time, but the best female player.
10:39 am
he is catching heat. >> she came back, made him feel bad, i'm eight months pregnant, can i be left alone. i really respect you, john mcenroe. he wrote a book. he is from queens. we watched him grow. he is one of the great opinionated personalities. what he is saying she would be number 700 on the men's tour. even though the best female player in all time, keep in mind she is not close to the men. 700? no. but she probably would not be a top 10 men's player. i don't think chris everett would have been or billie jean king. just the way the sport breaks down between women and men and tennis. not many people think the best women's player would ever beat the best men's player. mcenroe took it to the the innth degree 700, which is kind of an insult. he in his 50s offered to play them and wanted to do something in las vegas. at last minute that fell through.
10:40 am
i mean them, venus and serena williams. mcenroe, the world's best guest. fantastic commentator. did not reach his potential as player. peaked at 28. should have never married tatum o'neal. she is very attractive. she destroyed his game. he became a hollywood guy. stay with wood racquets, beat up jimmy connors and. could still be playing today. anybody listening right now, don't marry tatum o'neal. stuart: that is final word. i can't follow it. >> do not marry tatum o'neal. stuart: brian, you're all right. you'll be back. brian kilmeade everyone. he is good. >> look at this. that is the ritz-carlton luxury -- no it is not, ritz-carlton luxury hotel it on the seas. it's a cruise service. they will launch it in 2019. they will have only 300 passengers, as opposed to 3 or
10:41 am
4,000. each has a state room and private balcony. ashley: absolutely. stuart: a swish. rather like that. yes, next the trump administration warns syria's president assad there will be repercussions. you will pay a heavy price if you use chemical weapons. general tom mcinerney joins us on that next. ♪
10:42 am
10:43 am
♪ ashley: stuart says american frackers deserve a big thank you. producer and director of frack nation says, they changed the energy world. roll tape. >> let's give all praise to frackers, because they really have changed america's position in the energy world, am i right? >> they have changed america's position, they have changed the energy world. they have changed the political world as well. i mean russia is in trouble because of fracking. saudi arabia is in trouble because of fracking. the middle east, opec, opec is shadow of what it used to be. america will be the dominant market-moving energy producer because of fracking. ♪ today, we're out here
10:44 am
with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away
10:45 am
if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters. stuart: style companies, check them out. why? because the president considering a tougher stand on up get the steel companies. now this, meal kit delivery startup company, blue apron
10:46 am
going public on thursday. they are trying to raise what, 3.2 billion? liz: top end $17 a share. 3.2 billion valuation. they're looking to really raise 600 million. amazon trying to buy whole foods, could get into the home delivery meal biscuit. biggest ipo since snap went public. stuart: explosive growth for blue apron. i see boxes in the apartment building. >> 25-year-olds. 34-year-olds like that. that is their while house. stuart: into not my demographic. next case, the pentagon now confirms this is chemical activity at the syrian airbase that the u.s. struck in april. u.n. ambassador to the u.n., nikki haley, spoke about the white house's strong statement on syria. roll that tape. >> the goal is at this point, not just to send assad a message but to send russia and iran a
10:47 am
message that if this happens again, we're putting you on notice. stuart: the president warned syria, you will pay a heavy prize if you do it. fox news military analyst lieutenant-general tom mack american joins us now. compare and the red line which was not enforced by president obama on syria, and this warning, you will pay a heavy price, by president trump? >> speak softly, carry a big speak. part of our history, stuart. there is no question that this administration is not going to tell you how they're going to respond or what they're going to do. they send out the signal. you know means business. that is clear signal. no red line or anything. he said we're going to take action if you don't, if you do that. stuart: do you think it could
10:48 am
pull us into the syria conflict more than we are currently? >> i don't think so. i think it would create a bit of a fuss. but the fact is, he will use more than 49 cruise missiles this time. he has bush carrier strike group out in the med and has resources and resources in turkey and rest of the middle east. he has a lot of resourceses. i don't think we'll get in deeper. they're trying to keep their lines where they want to play in that role. and they don't want to get involved with what russia and syria and iranians are doing in syria. stuart: do you think it works? it seems like it is doing the same thing north korea, a warning, don't do it. because we'll take action if you do. in syria, don't do it. we'll take action if you do. it's a strong warning, carrying a big stick, speaking quietly. will it stop the north koreans doing this, that and other, will
10:49 am
it stop assad doing this. >> there are two different issues. let me take one with assad. i think it will work here. he used 49 cruise missiles the first time. he may use 100 or more. the fact assad better be very careful about his what is going on in damascus, that could become a target as well, the sherat airbase. that will be completely destroyed and unusable. korea is a lot tougher problem, but let me say the chips are on our side, stuart. stuart: what you do you mean by that, the chips are on our side? you mean we have the you power to shoot down a missile if think fire one over the sea? >> well, it is going to be who are more than. we have the power to destroy north korea conventionally. we would do that, if we have to. that is signal taking a little bit of time but we can not let kim jong undevelop a icbm.
10:50 am
he is within a year in doing that. that will play out next year. stuart: wow. strong stuff, general, thanks for pointing it out to us. appreciate it, tom. >> thanks, stuart. stuart: yes, sir. next case, jeff bezos, space exploration company, it is called blue origin. it will build rocket engines at a new plant in alabama. ashley: alabama, huntsville, alabama. and, listen, they're going to up a 400,000 square foot facility in huntville. they will be hiring up to 350 people. average salary of $75,000 a year, which will go a lot further in alabama than it will right here in manhattan. big-time jobs. jeff bezos says, look, we wanted to go somewhere with a highly-trained workforce around people happy to see us. huntsville tick all the boxes they have connection to nasa. they could build up to 30 space rockets a year once it gets up and running.
10:51 am
stuart: rocket engine is not -- ashley: not small piece of machinery. stuart: sophisticated stuff. ashley, thank you. coming up for you, the supreme court refuses to hear two key cases surrounding the second amendment. dana loesch weighs in on that, that's next. looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.
10:52 am
10:53 am
your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance.
10:54 am
10:55 am
stuart: warren sapp will donate his brain tore concussion research. you have a charity and a fund for that purpose. please tell our viewers about that, please. >> stuart, you know we heard over the last few years, over a bunch of years now about traumatic brain injuries. we talked about it a lot with football and sports. but on an everyday basis, every day there are people out there falling and having traumatic brain injuries. the military, it is not limited to sports. and what we're doing here at jupiter medical center is helping these people that have suffered some symptoms of concussions, whether you may not be able to move an arm or talk or communicate anymore, we have seen tremendous success with those that have been through the hyperbaric oxygen treatment here at jupiter medical center. yes, we're trying to help out
10:56 am
and two million people or more, at least, at least two million people have traumatic brain injuries out there, i have to ask but the relationship to football. if you made football safer, less aggressive, less brutal, would it still be as popular? >> yes, i don't think football will ever go away because our society, in general, people around the world, couple of things, violence is entertaining to a degree. sex is entertaining to a degree. and i add the sex to football because of those tight football pants, you know, those guys running around they're pretty strong you see. as long as there are guys willing to play, people willing to play the sport is going to continue to thrive. their experience is coveted. their leadership is instinctive. they're experts in things you haven't heard of. researchers of technologies that one day you will.
10:57 am
some call them the best of the best. some call them veterans. we call them our team.
10:58 am
10:59 am
stuart: oh, warren buffett, he is a brilliant investor. over the years an investment in
11:00 am
berkshire hathaway, his vehicle, has made hundreds, if not thousands of people p millionairings. got it. but in recent years he's been known as much for his politics as for his investments, and this is where we part company. last night he was interviewed on the pbs "newshour". he was asked, does president trump deserve credit for what's going on in the stock market? he didn't answer directly even though the post-election rally has added trillions to the national wealth. all buffett said was the stock market's been going up basically since march of 2009. that's what he said. well, that's true, but that avoids mentioning the huge rally that the trump presidency clearly brought on. in fact, a transcript, here it is, a transcript of the whole interview shows warren buffett never mentions his name. even though the interview is about current issues, mr. buffett cannot bring himself to say trump and certainly not president trump.
11:01 am
never says it. look back at his record. he's all in favor of higher taxes. he won't pay estate taxes on his $70 billion wealth. no, he's going to give it to bill gates' foundation. he opposed the keystone pipeline, how convenient that the oil should be moved on his rail cars instead. he gets a sweetheart deal with the bank of america, the kind not available to anyone else. truth is, mr. buffett is one of the most successful investors of the last three generations. and for that, he deserves our respect. personally, i'd like to see him get onboard with an economic growth plan. that way we could all make some serious money. we could all get richer. by the way, mr. buffett, it's called the trump growth plan. the third hour of "varney & company" is about to begin. ♪ ♪
11:02 am
stuart: all right, you just heard me, warren buffett -- i think he's basically pouring cold water on the trump rally. here to react best selling author, the man himself, peter kiernan. welcome back to the show. >> nice to be back with you. stuart: mr. buffett would not give president trump credit for this rally. would you? >> well, obviously, anybody who was around the night before the election and saw the market futures down 7 or 800 points might come to the conclusion that the response that began the next day had to be ascribed to something other than even the oracle of omaha, warren buffett, would agree that some of the catalyst had to go to trump. what frustrates me, frankly, is that what really drove that was enthusiasm about health care changes and tax changes and infrastructure investment. very little of that has happened. so what's really going on here is that the market has had do go it alone. they're waiting for washington, they're pulling washington
11:03 am
along. but if you look at all these great things that are happening, earnings are growing, revenues are growing, rates are low, volatility is low, unemployment is low, almost everywhere that you measure the health of an economy looks pretty good. now, people say it's only growing at 2%. okay. longer, perhaps, not strong enough. the imf just lowered it to 2%, their growth forecast for us. but 2% is a lot better than negative, it's a lot better than the deflationary thing we've seen in europe. i would be comfortable saying trump was the catalyst. stuart: good. [laughter] because i agree with you, peter. now, there are some central bankers -- can you show me on the script, please? i want to move to that subject. some central bankers are suggesting that, they're warning about -- are they warning about a global crash? are they using those words, a global crash? >> yeah. because of debt in emerging markets including thailand, hong
11:04 am
kong, china -- stuart: okay, because -- wait, wait. are you telling me that a central banker is using the word global crash? >> yeah -- stuart: producer? is that accurate? >> yes. they're talking about the bank of international sentiment. stuart: really? they say there going to be a global crash? >> coming problems in emerging markets. stuart: what do you think of that, peter? >> we've had a lot of debt in china for a long time. to take a page out of our book, invest heavily in themselves, china, and their own infrastructure probably more than makes sense. but it's kept their economy growing. they've moved through the 2008 period with no problem. i agree that your seeing -- you're seeing a lot of energy around the emerging markets. that's why the fastest growing markets in the world this year have been the emerging markets. it's not because people think they're doing something stupid,
11:05 am
it's that they see that's where some growth exists. true economic growth. not 2% growth, but the real kind of growth. now, are they going to be some of those places that do it unwisely? yes. everyone who was involved in 1998, that was when goldman was going to go public. they had to pull the deal. that was because the thai bought and all these others collapsed. and the emerging markets can cast a long shadow, but i'm not seeing anything today that says we should be worried about the sky falling. stuart: that word global crash caught my eye. that's out of bounds. >> i think that's indiscriminate and a little bit reckless. stuart: indeed. the cbo, as you know, peter, released its scoring of the senate health plan. 22 million people, they say, will lose coverage by 2026. but the majority of those people, 15 million, would opt out of coverage anyway. the plan also says that cbo says the plan cuts the deficit $321 billion.
11:06 am
and it lowers premiums more about 30% of the people. -- for about 30% of the people. what's your reading overall on the cbo -- >> well, i'm going to frustrate you, because i don't worship at the altar of the cbo. they're a prognosticator. they do their best guess. the reason they were right on obamacare is people came in in n hordes through medicaid. what i think is happening here is that they're presuming that these 22 million people would have been insured under obamacare, they wouldn't. obamacare won't survive in its current form. so what they've come up with is a what if, and if we take the 22 million, so many of them are people who stepped out because of the age -- the individual mandate. if you tell me the good news is we've got a lot more people on medicaid, since when is medicaid the gold standard? it's the worth health outcomes of any insurance plan in the
11:07 am
country. if that's our solution, we can do better. stuart: well said, peter. thank you very much, indeed. i want you on the show -- >> i'll stay as long as you'll have me. stuart: the price of oil has gone up four days in a row. we're now at $44 per barrel. that's certainly helping energy stocks, maybe even the overall market which has now turned higher. but gas prices, they are still falling. look at this. we're going down about a penny a day. we're now at $2 25, that is the national average for regular, and there are four states where you're paying $2 or below; south carolina, oklahoma, alabama, mississippi. look at them, you're down to $3.92 average in south carolina -- 1.92 average. joining us now, scott shellady. does this continue? look, i want to pay $2 for a gallon of gas. i want all americans to pay $2 for a gallon of gas. i think it will be a huge shot in the arm for the economy.
11:08 am
are we going to get there? >> i don't know about all americans. i mean, all americans want to go to disneyland too, and that can't happen. i think, yeah, we're going to get to your six states, stuart, but the propensity to go lower the lower we go gets harder, right? you just said we've been up four days in a row, and that only gets us to $44? think about that. four days we've been up, we've got opec trying to manufacture a rally twice, that couldn't happen. at the end of the day, this is the direct result of donald trump going from energy independence which wasn't good enough for him to energy dominance. stuart yeah. that is a very big deal, isn't it? energy dominance is different from just mere independence. >> right. stuart: i've got another one for you, scott. i want your comment. there are two deals that are putting driverless cars very much in the headlines. google's self-driving unit has made a deal with avis to service its fleet in phoenix. that's self-driving stuff.
11:09 am
apple hiring hertz to test its self-driving technology. are you convinced like a lot of people are that self-driving cars are, indeed, the way of the future and they're going to take over? >> it might be the way of the future, but i think that our own imaginations get way out ahead of us, right? just think about it, stuart. every car sold this year going to be obsolete in three years' time or even five years' time? aren't people going to drive those until they can't drive them again and then maybe consider a driverless car? how many years is it going to take america to move from the driver's seat to the passenger seat. that's almost un-american right there. i think it's going to take a lot longer. i love technology and i love the hedge that avis is doing here. i think that all of these companies that are bringing out these ideas are great. but in all, you know, as a matter of fact, i think it's going to take a lot longer than we all think it will just because of the way things go. yes, three, five years' time, no, these cars aren't going to
11:10 am
be obsolete. we'll slowly but surely make that change but not like we think. stuart: right again, shellady. thanks for joining us. [laughter] cyber attacks reported across europe. that's a pretty strong education presentation, across europe -- expression. >> it is x it's causing chaos. major companies in russia, we're also seeing the ukrainian government, power grids, banks, those types of things, the danish shipping giant hersing also being hit hard. the individual companies not really saying what it is, but there's a belief that it's a ransomware attack much like last month. this virus gets into the system, it scrambles data, and in order to get it unscrambled, you have to pay a ransom. and this is spreading very, very quickly. stuart: it makes you feel unsettled, doesn't it? >> yes. stuart: it's a very unsettling feeling. >> apparently so easily.
11:11 am
stuart: and who else is going to get hit? >> exactly. stuart: fair question. and now this, the supreme court refused to hear two second amendment cases yesterday. justices clarence thomas and neil or gore such said the decision to deny the cases reflects a distressing trend. the treatment of the second amendment has a disfavored right. nra spokesperson dana loesch on that coming up next. and we're going to take you -- we're going to get her take on stephen baldwin on this program calling out johnny depp and robert deniro on their hateful rhetoric towards the president. baldwin challenged them to a cage fight, of all things. [laughter] yeah, that's what we have on "varney & company." we'll be back. ♪ ♪ new parodontax. the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse.
11:12 am
help stop the journey of gum disease. try new parodontax toothpaste. ♪
11:13 am
11:14 am
>> really anything, these guys are so nuts.
11:15 am
[laughter] between deniro and depp, i mean, what's the answer, stuart, a cage match between me and those two guys? because i'd win! [laughter] depp and deniro, let's get in the cage! stuart: well, it was entertaining. that was stephen baldwin yesterday talking about hollywood liberals bashing president trump. dana loesch is with us, host of "the dana show." let's remove ourselves from mr. baldwin for one brief, shining moment and look at the less violent political imagery and rhetoric. i don't think it's working. in fact, i think it's working against them. what say you? >> i agree with you, stuart, and thanks so much for having me on. it's good to see you. first off, i would love to see a cage match, i'd love to see my friend tim kennedy or someone from the mma world come out and go up against a man who wears the equivalent of an entire charlie's store on his person on any given day. i'm tired of -- seeing this kind
11:16 am
of stuff, stuart, as you know, and we've discussed this before, it's not a substitute for informed, civilized dissent. it simply is not. violence and this sort of rhetoric in this particular context is the last refuge for the unintelligent and the uninformed, so i'm not surprised. stuart: okay, next one. zachary wood was on this show yesterday. now, he is a conservative at the ultra-liberal williams college. dana, listen to what he says about free speech on campus. roll tape. >> i think it's important for administrations to understand -- and educators as well -- to the understand that college cannot just be about social tolerance. it's important to me that students feel included on campus. but it's also important that students, regardless of what their political beliefs are, regardless of the ideological preferences they endorse or support, are able to express their views and opinion ands are able to engage in vigorous debate. that's what college is all about. stuart: i think he's right, dana. i don't think you'll argue with him, will you?
11:17 am
>> no, not at all, and i think that's pell put. so many people -- well put. so many people are saying this for a long time, including people like chris rock who can't do a show because everyone is so hypersensitive. it's somehow empowering to be a victim nowadays. and colleges used to be the place where you expanded your horizons, right? where you would ask questions, where you would have difficult conversations. and that's not welcome anymore. so i'd hardly call it a learning environment as a result of all of this. stuart: yeah. i think we've reached bottom too. i think there's a turn around coming -- >> and it's not fun! i mean, these people, they're squares, stuart. these people are the new nerds. how did it get to be this point? for crying out loud, they're all stuffed shirts. stuart: here's the subject i really wanted to talk to you about -- [laughter] that was good, by the way, dana. now -- [laughter] the supreme court has refused to hear two second amendment cases. and by the way, justices thomas and gorsuch dissented. they called it a distressing trend, the treatment of the
11:18 am
second amendment as a disfavored right. now, you're an nra spokesperson. i'm sure, again, you're very much in agreement with justices thomas and gorsuch. where are we going with this? >> yes. and i thought justice thomas in his dissent was spot on. and one hinge to note as well -- one thing to note as well and justice thomas hinted at this where he mentioned the decision in heller. the supreme court defined what it is to carry and what that means. so in pruder v. california -- every time i've been to california, stuart, i have heard from so many disenfranchised californians who say their sheriff's department won't issue them a concealed carry permit. the sheriff says, well, you must have good cause to show that you are somehow above others in fearing for your life and being able to carry legally a firearm. but then that leaves it, stuart, what is good cause? it's entirely undefined, and it's arbitrary in that here you're allowing the government
11:19 am
to determine when and where acceptable to defend yourself. that's entirely unconstitution a. in this justice couldn't mentioned this has already been decided upon, and he reaffirmed heller in his dissent. i think it's sad, i think supreme court should challenge this. we heard rumors that justice kennedy is considering retiring which then reaffirms the importance that we get another pro-2a justice on the court. there are too many federal circuits who have disagreed on this, and now it still remains open. this is going to come up again, and at some point the supreme court's going to have to tackle it. stuart: i think they'll tackle it your way, dana. >> i hope so. stuart: good stuff. thanks. see you later. all right, everybody, roll that tape and check this out. the first female infantry officer to lead the changing of the guard at buckingham palace. or buck house, as we used to call it. >> yeah. stuart: a date spot for myself, yes. [laughter] before we get to that, did you
11:20 am
know apple released the first iphone over ten years ago this week? do you remember that? i certainly do. been a long time before i got one -- [laughter] but i've got one now. back in a moment. ♪ ♪ [ noises inside can ]
11:21 am
11:22 am
11:23 am
[ laughing ] it's driving me crazy come on. [ spitting from tongue ] time for my secret weapon. sports, movies, tv, ah, show me music to distract a minion. [ voice remote click ] oh! [ pharrell starts to play ] [ minion so happy to see screen ] ahh! i'm pretty smart. ahhh! [ lots of minions ] [ mooing sound ] show me unicorns. [ click noise for tv ] ahhh! that works too. find your awesome with the xfinity x1 voice remote. see despicable me 3. in theaters in june.
11:24 am
♪ ♪ stuart: that was soldier megan quoto, first female to lead the changing of the guard at buckingham palace. she's 24 years old, she's canadian. why is she leading the training of guard? to mark the 150th anniversary of canada's confederation. there she is. look at this, walt disney's hand-drawn map of disneyland sold for $708,000 at an auction, one of highest prices ever paid for a disney item. the presentation map, as it's called, was used by mr. disney to attract investors to disneyland back in the 1950s.
11:25 am
look at this, bmw adding 1,000 jobs to its greer plant in south carolina. it's investing $600 million. they're going to boost production. they're hoping to turn out as many as, peter, 450,000 vehicles a year from one plant? >> it is extraordinary. this is my wife's hometown, i know the place well. this is its 25th anniversary. no plant in america exports more manufactured product than that plant right there, 10 million last year. stuart: whoa, didn't know that. >> we know how to do this. we can manufacture and export and compete in the market. stuart: fascinating. jeff bezos' space exploration company is going to build rocket engines in alabama. new plant. $200 million they're spending, 350 new jobs. average salary, $75,000 a year. alabama. look at this, ritz carlton launching a cruise line. yachts, three of them, will carry 300 passengers each, that's the maximum.
11:26 am
everybody gets a private suite, everybody gets a balcony plus restaurants, pools, bars, etc., etc. and a marina to launch water toys. [laughter] the ships will set sail in 2019. new survey shows millennials spending a lot of money eating out. many of them say they eat out five times a week. apparently, they can afford it. senate republicans pushing to shore up votes for the health care reform plan. we'll speak to a senator on capitol hill next. ♪ ♪
11:27 am
11:28 am
♪ whoa that's amazing... hey, i'm the internet! i know a bunch of people who would love that. the internet loves what you're doing... build a better website in under an hour with... ...gocentral from godaddy. type in your idea. select from designs tailored just for you and publish your site with just a few clicks-even from your... phone. the internet is waiting start for free today at godaddy.
11:29 am
11:30 am
stuart: 11:30 eastern time, modest gain for the market. about one-third of the dow 30 are up, about two-thirds are down. listen to this because i want some perspective here. sprint talking to charter communications and comcast about teaming up. the companies are exploring a deal to offer wireless service. that puts some kind of discussion of a possible merger with t-mobile on hold. i don't get it. put it in perspective, peter. >> look at it this way, cable and wireless are on a collision course. they're going to have to do one of two things. either these two big cable companies are either going to buy somebody and be in the wireless business or get into a reseller arrangement.
11:31 am
in fact, comcast is already in a reseller arrangement right now with verizon using their wi-fi hot spots. this is going to happen. these two organizations, these two industries are heading right into each other's territory. stuart: and they have to get together. >> they have to. stuart: peter, thank you very much. i do understand it now. thank you. [laughter] news on the senate health reform plan. capitol hill sources tell fox business the white house is making a big push to get dissenting gop senators onboard with it. president trump met, spoke personally to mike lee yesterday, rand paul -- senator from kentucky -- he'll visit the white house today. we're joined now by senator john barrasso, republican from wyoming. senator, always a pleasure to have you on the show. >> thank you, stuart. stuart: i know you're very much involved in the middle of this. would you handicap it for us? senator schumer says 50/50 chance of success. people on our program say it's more like 60/40 or 70/30. what says senator john barrasso? >> well, i think it's critical
11:32 am
we do find success. it is the only way we have to reverse the damaging immaterial pacts of obamacare -- impacts of obamacare. we've seen prices skyrocket, the choices are going way down. we need to get this passed in an effort to eliminate the mandates, eliminate all of the taxes associated with obamacare, to get decisions out of washington and back into the hands of patients and folks back home and to put medicaid on a sustainable path for the future. stuart: well, "the wall street journal" editorialized it this morning and says you've got to do it. this is your last best chance of reform. take it and run with it. otherwise you're not the party of government. they're urging you on, get it done. >> i agree with them. it's crucial that we do. obamacare is a bus going over a cliff. the democrats are staying say on the bus. i'm trying to rescue the people who are on the bus to get them away from obamacare where they
11:33 am
have just seen the skyrocketing premiums, choices have gone down. for next year, stuart, there are going to be over half of the counties in the united states where people have either one choice or no choices to buy obamacare insurance. so, look, if somebody has a pre-existing condition and no one where they live is selling insurance, they're not covered. our republican bill makes sure that everyone with a pre-existing condition can continue to stay on their insurance under the republican plan. we make sure that up to 26 can stay on. and we, basically -- look, i'm a state senator at heart working as a doctor in the state senate in wyoming. we knew if we had the same amount of money we could help many more people with medical problems on medicaid than when washington gets involved with its one-size-fits-all approach. you can do that in the senate bill that we're proposing, can't do it under obamacare. stuart: do we get a yes vote at the end of this week? >> i'm working right now to do that with my colleagues.
11:34 am
i'm a yes vote. we're trying to bring everyone onboard. stuart: okay, got it. thanks, sir. i know you're busy. >> thanks for having me. stuart: thanks for being with us. we do appreciate it. economics professor peter morici joins us now. peter, your reaction to this. in particular, the reaction to you've got to get it done. no matter what. you've got to get it done. and you say what? >> well, there are two imperatives here. obamacare, whatever this bill's shortcomings, keeping obamacare would be worse. and the other thing is, let's face it, if the republicans can't get it together on this, they will not be able to pass much else. they have to simply learn to the compromise among themselves. each accept half a loaf so they can be a governing party. stuart: now, the right, some conservatives are saying, look, this doesn't repeal obamacare. it simply, it's obamacare lite. i disagree with that. if you get rid of the taxes and the mandates and various other
11:35 am
things within that bill, i think you've essentially suppressed obamacare, and you can change it more later. what say you? >> well, it is obamacare 2.0. i mean, this -- we're going to continue to have the exchanges and so forth, but it's a much lighter version. i don't believe that it is more oppressive. i believes it is less oppressive. as we know, it is very difficult to the to take away benefits once you've given them out. and this is, you know, an attempt to do that. the republicans have, the conservatives have to understand they simply don't have a majority of the senate, and they have coto compromise. this is -- compromise. this is a good deal. from here we can, as you say, make it better later on. stuart: hold on a second, peter. peter kiernan, you say the same thing. you've got to get it done, and this is better than nothing. >> i'm a little worried, because i'm starting to agree with the economists. everything he said is correct. repeal and replace is an idea that will not be reached because you do not have the votes. this is a reasonable approach. the conservatives particularly are not going to get something more conservative through.
11:36 am
they're not. stuart: they'll compromise. >> they're going to have to. stuart: okay. peter, come back in, please. got a new survey that shows the average millennial eats out five times a week. that's far more than older people. [laughter] the script says, is that a problem? is that a problem? >> no, it's not a problem at all. it's a way of balancing lifestyles. i look at my son in new york, practicing lawyer along with his significant other. they put in 12-hour days. at the end of the day, it's tough to cook. they don't go to a sit-down meal, but there are many more choices available in moderate service restaurants where you can order something reasonably sophisticated, pay $15 and have it brought out to you. and for lore income people there's -- lower income people, there's still mcdonald's, but the range of choices is increasing what's hurting in the restaurant business is the old-fashioned, sit-down, hour-and-a-half meal. for young people, this is a substitute for having domestic help. stuart: it's actually cheaper to
11:37 am
eat out if you're just single or there's just one other person in your household. it's cheaper to eat out than buying all the ingredients and endlessly cooking. that's my perspective. peter kiernan, you say? >> i say there's been a change in the entire food chain literally in the way food gets manufactured, produced and distributed. the modalities are changing, that's why you're seeing people like dan loeb buy $3.5 billion worth of nestle, that's why amazon is going after opportunities like whole foods. >> yeah. >> if you look at grocery penetration online, grocery plus drug, it was 1.5% of the total. so 800 -- 8 billion out of almost a trillion dollars of grocery. online has barely touched the grocery business. the food chain is changing completely. stuart: peter morici, i do want your take on the news out of europe, and that is google fined $2.7 billion because of anti-competitive practices. you say what?
11:38 am
>> the europeans love to fine successful american companies, especially where they can't match them. they have an administrative process over there that's very difficult to appeal, it's not particularly fair. i mean, this is really the administrative state gone amok in the worst possible way. this is a good reason why brexit is a good idea. stuart: last word from peter kiernan. >> i think it's administrative friction. i agree, it has no impact on google long term. zip, zero, none. stuart: europeans start to innovate themselves -- >> they don't like when we -- [inaudible] they'll figure out disruption when it's at their back door. if it was going to be a billion dollar fine last week with, they tripled it. for google, this is in the long game irrelevant. stuart: peter morici, thanks for being with us. good stuff. we'll see you again soon. now this, three cnn staffers who published false allegations about russia, russia, russia have resigned. president trump responds. we'll tell you what he said in just a moment.
11:39 am
nancy pelosi using scare tactics. she says, and i'm quoting, hundreds of thousands of people will die if the health reform bill passes. we'll deal with that shortly. but first -- [laughter] we're going to do it, yes, we're going to do it. remember when she said this? >> we have to pass the bill so that you can find out what is in there. affordable. affordable. there's a reason. affordable. affordable. affordable, affordable, affordable. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.
11:40 am
11:41 am
♪ ♪ >> i'm nicole petallides with your fox business brief. monsanto coming under pressure today after finding in their weedkiller, turns out the state of california says they will add it to the list of chemicals known to cause cancer. that will happen by july 7th, and in the one year following, monsanto will have to east label all -- either label all their packaging or pull the roundup weedkiller off the shelves used by vineyards, farmers, landscapers, golf courses, orchards. what will happen to monsanto with this? what's the cost? monsanto vows to fight the fight. this is not the final step in the process, has no bearing on the merits of the case. we'll continue to aggressively challenge this improper decision. monsanto also in a merger agreement, $66 billion, with bayer. ,.
11:42 am
11:43 am
>> we do know that the many more people, millions -- hundreds of thousands of people will die if this bill passes. stuart: you heard it. nancy pelosi -- i call that alarmist rhetoric about health reform. and this comes on top of more alarmism, political violent imagery. you remember the granny over the cliff ad?
11:44 am
well, there's all of that to consider, plus this: richard trumka, head of the afl-cio, saying the senate health care bill is less mean than the house bill is like saying you prefer smallpox over the bubonic plague. over the top. larry elder, national syndicated radio talk show host, is with us. i don't think it works, larry. i'm telling you straight, i don't think this works. [laughter] we're not stupid. i think we can see through it. >> just a little over the top. you remember when the welfare reform act of 1996 got passed and we were told that old people and sick people and women would die in the streets? it didn't happen x the people that said that never apologized. they just acted as if it never happened. same thing right here. they act as if obamacare is swell. it was bill clinton who said that we're talking about rising premiums, rising co-pays, rising deductibles. it is, quote, the craziest thing in the world, closed quote. i would ask ms. pelosi how many
11:45 am
people are going to die if we don't do anything at all to save something that republicans had nothing to do with it. think about that. republicans had zero to do with this bill, but it's up to the republicans so to save it because they assumed, stuart, that they were going to stay in power, and they would continue to inject money in this as they marched towards single-payer. uh-oh, donald trump comes in, so now they have to go to plan b which is to malign republicans, call them cold, cruel, heartless, trot out sob stories from somebody in west cupcake who's going to lose coverage, and ergo, republicans are responsible for that person's death. never mind who pays for it, never mind the costs going up, never mind quality going down, never mind rationing ultimately being what we're going to end up with. they care about jacking up taxes and continuing the march towards single payer. that's been the goal all along. harry reid said it, howard dean both said the goal all along was single payer. that's where they're going. stuart: well, this single-payer
11:46 am
idea has come up in california, but they've put it on hold. [laughter] they couldn't nail down details in california like who's going to pay for it. [laughter] that's happening in your state, harry. >> yeah. a small detail like who's going to pay for it. supposedly it's a $400 billion plan which means it's going to be a lot more than that. it turns out that one of the -- a band of congresspersons went up to canada, including richard lara, and walked around a few days and pronounced the single-a payer system swell. they should have talked to the guy that designed the single-payer plan in canada x he recently said over 90 years old that he made a mistake. they should have had more competition rather than less. and the former head of the -- the former incoming head of the grade canadian medical association said our health care system is, quote, imploding. now, i ask you if the incoming head of the ama, the american medical association, said our health care system was
11:47 am
imploding, i dare say a few people would have paid attention to that. stuart: you know, larry, you you know your stuff. i like your use of the word swell. [laughter] i've got to bring this to your attention. president trump greating about the cnn -- tweeting about the cnn story on russia that led to the resignation of three people. wow, cnn had to retract big story on russia with three employees forced to resign. what about all the other phony stories they do? fake news. that's right up your street, larry elder. >> absolutely. i don't know if you heard about this new project veritas video that came out, it's about eight minutes long. and james o'keefe sent an undercover reporter. he's got a cnn producer on tape admitting that the russia-trump story is b.s., his term, not mine. admitting that they're driving it for ratings. that is a game-changer or. it's a bigger story, in my opinion, than the three staffers who were just fired. stuart: that was swell stuff,
11:48 am
larry elder, and i mean it. that was swell. >> and, you know, stuart -- stuart: go ahead. >> you know, stuart, the word swell is a good ghetto word that i used growing up in the hood. [laughter] stuart: i didn't know that. i thought it was a 1970s movie expression, that's all i knew. >> oh, yeah. stuart: all right, larry. you're all right. thanks for joining us, we'll see you again soon. >> my pleasure. stuart: okay. senator rand paul just confirming our reporting with tweet. quote: headed to meet with donald trump this amp. the bill is currently not real repeal and needs major improvement. so i guess the negotiations are on -- >> yep. stuart: arm twisting, sausage making. there you have it, that's what's going on. one of the -- i think going to be on tomorrow morning -- >> rand paul? yes. stuart: on which show? on this show. rand paul will be on this program tomorrow morning. >> on varney, yes. stu stuart stay tuned for that. i want to go back to the supreme court. yes, president trump won a victory on the travel order. it faces a full review in
11:49 am
october to. we're on it. self-driving cars, who's liable if someone gets hit? judge napolitano next on both of those topics. ♪ ♪ introducing new parodontax. the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try new parodontax toothpaste. ♪
11:50 am
11:51 am
11:52 am
11:53 am
stuart: back to the supreme court. president trump did, indeed, win a victory on the travel order. of course, it faces full review in october. i think that's irrelevant. napolitano is here. >> the reason you think it is irrelevant is the order will have expired by october, but he will probably renew it. and if he renews it using substantially similar language, then it will be ripe for supreme court review. so even though he is rejoicing and those of us who believe that it is lawful and is constitutional are gratified by the court's ruling yesterday, that is not a ruling on the merits. it is only a ruling that allows it to stay in place with the carveout that we talked about -- stuart: yes. >> -- until the court gives a final ruling on the merits. which, if all goes according to schedule, would happen around christmas time of this year. and then what will happen? then all these people will file challenges, and there'll be trials all over the country. and those trials will be appealed to the circuit courts and up to the supreme court.
11:54 am
the whole process won't be over until donald trump's second -- if he has one -- term. stuart: you lawyers, you see. it's you lawyers. you're just wrapping us all up. >> on this, i am with you. and the problem was articulated by justices thomas, alito and gorsuch. saying when you use the word relationship in there, you're going to swan thousands of trials over -- spawn thousands of trials. do you really want that? stuart: okay. no, i do not. >> right. and should the courts be in the business of rewriting executive orders on foreign policy? answer, no. stuart: never. >> dangerous when we agree. stuart: stop it right now. [laughter] we've been talking a hot about autonomous cars. there are coming along very, very strongly. >> right. stuart: look, the obvious question is you've got an autonomous car, you're out on the road, you hit something. who's liable? >> when railroads started in the united states, who decided who was liable?
11:55 am
the courts until the legislature caught up. when we went from horse and buggies to cars, who decided who was liable? the courts until the legislature decided to write the law and caught up. my guess is the same thing will happen now. the legislature, state legislatures will wait for the courts to rule, and then the legislatures will write their laws. if they're wise, they'll write their laws first because the courts want guidance. the courts don't want to make up laws, they want to interpret and apply the laws the legislature -- stuart: so do the carmakers. >> yes. everybody wants to know what duties are imposed upon them and what liabilities are imposed upon them, and that should come from the popular branches of government and not from the judiciary. is this something else we agree on? stuart: i believe so. >> what's happening here? >> it's got to be kernan. [laughter] stuart: liz and ash, they're calming me down. >> this is a novel, virgin area as to which there is no law
11:56 am
whatsoever, and i suggest state legislatures should begin taking a look at their obligation to provide for safety -- stuart: whoa, whoa, whoa. is it going to be federal legislation? >> i hope not. i hope it's different by states because, you know, iowa is different from new york. stuart: it'll take forever to get that kind of legislation in place. >> do you want a federal speed limit? stuart: it's not a question of what i'd like or what i'd prefer. if you're going to have autonomous or cars, get them on the road and sort things out. >> where in the constitution can the feds regulate this? stuart: whereas the autonomous car, i ask. [laughter] >> under the contracts clause which reinforces the ingenuity of entrepreneurs, free from government influence. [laughter] stuart: can i have an accent like that? it works. are we done? >> yes. [laughter] >> not til the end of the week. stuart: where are you going? >> the other side of the pond. stuart: europe. >> yes. [laughter]
11:57 am
stuart: oh, dear. it's a museum, you know. [laughter] well, it's true. they're playing music, that means get out of -- >> yes. get off the set. why are they playing italian music, stuart? stuart: listen. that's not italian music. that's carlos santana. stuart: even i know that. >> he's not italian. [laughter] stuart: more "varney" -- maybe even more santana if you're not careful after this.
11:58 am
. . . .
11:59 am
stuart:ite's that time, favorite story of the day, liz? liz: jeff bezos company blue origin building rockets in alabama. stuart: ashley? ashley: changing of the guard. leading the change there. stuart: why was she canadian. ashley: canadians celebrating 150th anniversary of so they were invited. stuart: peter?
12:00 pm
>> bmw, south carolina. we can manufacture fright cars and sell them all over the world by export. we know how to do it. stuart: 450,000 vehicles year. 10 billion export from one bmw plant? >> as whole thing was going down for tax tiles. they came up with a new idea. build cars. we know how to do it. >> careful, peter, taking new can you view toe's time. i took four seconds of your time. neil: eight, nine. i will let it this time, varney. thank you very much. following developments on capitol hill, remember senator rand paul was in senators not key on rework, meeting with president trump trying to it iron out differences. senator on 4:00 p.m. eastern on "your world" on fox news. charlie gasparino got wind of this sometime ago.


info Stream Only

Uploaded by TV Archive on