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tv   Varney Company  FOX Business  September 19, 2017 9:00am-12:00pm EDT

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here's a tweet from governor huckabee my daughter to dinner, about even though she's a big deal she will by dinner. >> we had a great time. >> governor great to see you. >> thanks so much for joining us that will do it for us "varney & company" begins right now. stuart over to you. stuart: thank you indeed america first president trump tells it straight to the united nations. and the republicans may put tax cuts into the budget investors like that yes stocks are going up again. good morning everyone. now in a few minutes the president leaves trump tower, his vast motorcade heads 20 blocks south of the u.n. building and there he lays out america's place in the world. he will say it is in the interest of all nations to challenge north korea, iran, and terror threat he will say he's not interested in ideology, he is interested in getting results from a poor organization. today in foreign policy the
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president will go on diplomatic offense. and as he speaks, by the way, the north koreans will be sitting right flofnts him. what will they do? the movement here at home senate republicans want to include one and a half trillion dollars with a tax cuts in the budget that would be progress for tax reform and or for the president's growth agenda. now look at this. stocks will open up again okay not much many maybe ten or 11 points will you they'll be up at the opening bell. it's the federal reserve along with tax cuts. the fed is also part of this rally the market is saying, interest rates will will stay low. stay there please you will see the president in front of the world leaders and you will see where are money grow history unfolding. "varney & company" is about to begin. stuart: uh-oh hurricane maria
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slams the caribbean as a, quote, potentially catastrophic category 5 storm. it is forecast to move northward for next couple of days hurricane warning has been issued for puerto rico look like it will fake a direct hit after it was slammed by ire no i storm devastated island of domnica the prime minister on facebook during the storm. eversion he was and what he was saying was very is alarming his name is roosevelt the president of dominica lost all what money can buy and replace myiest wait to hear possible injury and deaths as a result of likely landslides triggered by persistent rains i'm honestly preoccupied with physical damage because it is devastating indeed mind boggling but rescuing trap and securing medical sthans we'll need help my friend.
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we will need help of all kinds so a desperate posting on facebook that literally has been hit by a category 5 storm. the literally went one to 5 in a very short amount of time rapidly intensify. >> for three weeks watching video like this. become harvey, irma, jose, maria and away we go. look at that keeps on coming thanks ash. let get to the markets we're expecting more records of the opening bell today, we'll get very close to records we'll be up a little bit. fox news ann and steve cortez is with us put a number on it how high is this rally going ? >> thousands of points higher from here. i really do. by the way the market is opght mystic that we're getting tax cuts the stock that i like to watch most i consider the trump stock is boeing self-defense and infrastructure boeing makes new time high just about every day. it did yet again up 80% since the election and boeing e at
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least is telling me these tax cuts are happening and trump agenda, trump train rolls on. 22,331 that was the close yesterday. give me a number i want a number on this. >> if we get a firm tax cut commitment going to get it then with what? >> 25,000 our audience wants to hear more from you. also with us this morning fox news contributor james freeman is wall street general editorial page guy what's this about republicans want to put one and a half trillion for the tax cuts into the budget. what -- does that mean and what does it do for the markets and my? >> means we're moving in the right direction, it means that there's more reason to be optimistic it looked like for a wool republicans were determined to follow all of the rules of budgeting democrat road to prevent tax increases lately you see senator pat of pennsylvania especially leading this effort to say now, we have to get growth.
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we have to get a tax cut. we can't just reallocate taxes and raise and lower them here we have to cut taxes. >> one and a half trillion dollars that spread over ten years isn't it? >> right. >> 150 billion a year not that stimulative? >> look, again it depends on what you're expecting a lot of forecasters saying maybe it will be revenue neutral no new tax cut but 700 billion so one and a half trillion i think it's a start i love it to go further. i love them to look more long-term. but this is -- good news it means we can get that corporate rate down you think about you were talking about boeing -- company with a lot of overseas sales what you're seeing in this package is moving to a territorial tax system so we're not hitting companies at home with a new tax after they've already paid tax overseas. so a lot of reasons to be optimistic but this is at least moving in the riewght direction even it is not going to be the ideal reform. >> it looks like that optimism
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is working to the market yet again. thanks very much indeed stay is right will james, i want to move on to trump who moments from now will leave trump tower and go to the u.n. he's going to issue a strong warning for north korea and iran during his address at the u.n. later on this morning about 0130 eastern time. joining us van, he's the chairman of american defense international. now, first of all minor detail here we're told that the north korean delegation is sitting front and center right in front of the president as he investigates him. what do you expect to happen? >> well i like that let me tell you not only north korean investigation but the united nations need to listen to this speech. ting they can learn something. this president means business and people look at speech say it is probably most philosophical speech he's ever given and put a lot of time and effort in it and explain a vision that yes we have our own self-interest with united states as a america first but we can come together on the
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united nations general assembly, it's going to be very different from the speeches that president obamaed to by the way the secretary general of the united nations speaking now. this is just before president trump arrives. but it's so different from president obama's speech is that same body isn't it? >> i think this president is also looking out for american taxpayer dollars. 22% of the overall u.n. budget comes from american taxpayers. but this president ambassador are already making a difference with the u.n. let me tell you world food program. president trump fault the bureaucrats what had haley did to put a businessman executive in charge of the world food program. governor david what this guy has done, is unbelievable. in terms of the management practices and so forth that he's brought they're actually on the ground in places where people are starving in boko haram and
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isis going in on ground feeding people and doing it with sound, business management practices, this would not be happening and president trump and ambassador haley not pot to get executive and someone who knows what to do and how to run things in there and that -- part of the u.n. budget goes to this program. what we have learned there should be replicated throughout the u.n. president trump is already making a big difference and good impact from the u.n. m >> president stand up there and say america first. how do you know that goes down with his audience? >> explain comerk first but also france, france first, germany first but let each have a sovereign nation you have your own goals and you've got to take care of your own o people but there are those common areas where we can work together. like dealing with this -- dual threat of north korea and iran which is a threat to the entire world. those kinds of things we can come on to work together and we're not going to tell you how to live your life or tell you
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kind of government to have with common goals we can work together to secure peace throughout the world and when we have disasters -- humanitarian needs those kinds of things we can come together that's when we have a trump -- >> i want to see what north koreans do i hope there's a camera because i want to see. in that entertainment market. we appreciate it. now look at that market had the futurings again please how things are likely to open two factors affecting that market this morning. one and a half trillion dollars, set to be -- republicans are trying to get it into the budget that's a positive. and we've got the president's u.n. speech future show 11 point gain for the dow industrials. by the way, the president is about to leave trump tower, that gentleman right will is the -- secretary general of united nations i believe. he's there will be a variety are of speakers before trump actually gets there and speaks himself. we're expecting him to begin had his presentation at 0130 eastern
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time and will see it right here. now this -- oh -- look at this. a u new study is it is from the brits. it says climate change may not be the immediate threat that it had been hyped up to be, however, brits are saying -- [inaudible conversations] [laughter] this study from the brits that planet is warming at a much slower rate than originally forecast how about that? remember when president trump claimed that members of his team were wiretapped he was dismissed new report finds that former campaign manager was indeed wire tayed by government before and after the election. i wonder what napolitano as in the judge will say about that. well, he's nec.
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>> why is that stock down ?ooch well maybe got something to do with this wright aid received regulatory clearance to sell 2,000 stores and asset it is it
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walgreens for more than $4 billion either the price is wrong or lose the store but stock is down 8%. then we have equifax learned about another major breach of its computer systems another one. back in march, 5 months before the date it was publicly disclosed details -- >> learned about it in march this complicates what company has already said. they said that -- it's public statement since september 7 that they learned about it it in july. so this also complicates now the justice department is investigating insider selling when do they know what is the timeline a crush of lawsuits on this company? congress is bearing down so they have to fix that time line or else that stock will continue to be under pressure. >> every time i've looked at it it has gone down. >> every day we get a piece of news in a bad light. pfnls same intruders in march -- that once says that very the july intrusion so they knew it
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be. >> their response to. what and do they know it and tell it and that's the story there. look at that taking it right down. now investigator report the wiretapped formally trump campaign chair paul before and after the election. all rise, judge andrew napolitano is here. you were right -- the president was right. he was being spied on. >> yes. yes, it now appears that the government acknowledges in one of two ways and i'll tell difference that it was spying on paul manafort before he ran are the campaign during he ran are the campaign and after he ran are the campaign in trump tower. remember paul manafort had his own business office if in trump tower. independent of running the campaign from there. now, we don't know if these were fisa surveillance court warrants or regular traditional criminal investigation warrants if they were phee is fisa warrants threl
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is very, very low and court grants 44% of it and we want to know what foreign person is saying to him m here's your warnght whatever comes from that conversation, cannot be used to prosecute paul manafort if they are regular traditional warrants, the threshold is higher the government has to testify under oath in secret to a judge. here's the evidence of criminality. here's the crime here's what we think will find and whatever they find can be used against him so when jim still the director of the fbi told the senate intelligence committee under oath i know of no surveillance in trump tower, how could he not have known of this if his own fbi was doing it? >> look all of this is legalistic and detailed. i'm looking at it from 30,000 feet. yes, the trump campaign was spied on. and yes den and what we don't know is what the information was used for was it elite? to -- >> well if it was a criminal
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investigation, valerie susan rice couldn't get anywhere near it. but if it was a fisa warrant valerie and susan can get their hands on it and then they will know what candidate trump and campaign manager manafort are planning to do. and they can use that information to help hillary clinton. we don't know if that happen haded. but that's why what kind of a warrant it is make hads a difference in the world here. >> this looks like a banana republic. >> yes, it does and all of those people who ridiculed the president and ready kiewl others who supported the president at the time owe the president a substantial apology, this is not one wiretap. this is cap which aring everything paul manafort said on the telephone into the vicinity of cell phone and laptop i assure you that donald trump is caught up in wiretap but assure
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you words with and voice are all over. >> while he was -- candidate trump campaign manager. >> yes. government was listening to conversations that he had as the campaign manager for the opposition after he leaves the campaign. he retains his office in trump tower for whatever his business is. and the wiretap continues. >> we ever going to get to the truth of this is this revealed? >> let me tell you you know what happened government used obama administration what used machinery of government to intimidate his opponents in the 2012 election, using the irs, they got away with it. nothing happened. same thing again now. >> that's a felony if -- if the obama administration used the national security to surveil donald trump and pass that information to hillary or o anybody else that's a felony and a whoever did that ought to be concern >> part of the movement investigation. it is. let me tell you about mueller investigation he's under pressure to do something because
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the longer he takes the more it looks like a phishing expedition i don't to bury the lead they told paul manafort they're going indict him. >> they told his lawyers they're going to indict him we don't know what for. my guess is nothing to do with the trump campaign some financial impropriety you want to make a deal with us, what do you know about the big guy? >> i got it. got it judge thank you ine deed see you a little later. hurricane maria is now a category five storm. it is tearing through caribbean, it's already devastated the small island of dominica we're on that. official toys are us filing for bankruptcy last night. this is the retail ice age in full effect it is this we're on that too after this.
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>> autozone had a rough time of it recently that stock has been hammered but it's up a little bit today 1% higher because they've got better profits and better sales. they are the car parts people. back up a little bit this morning. then we have toys"r"us, upside there. far for chapter 11 bankruptcy last night. tell me all it be it. liz. >> many time for the holiday season 64,000 workers now on the
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brink here at toys"r"us this is a story that -- 64,000 workers at toys"r"us got a brief structure. but they may face -- >> 600 stores stay open. that's my point with retailers we watch this with retail bankruptcies so taken private in 2005, 6.6 billion in debt is the boat anchor of debt on this company, so you know, toys are are going to revur now this is a story it's about reare structuring a lot of companies restructure and survive but look at this data ten retailers have over o the past year gone bankrupt. 4 of them are round trippers meaning filed for bankruptcy once and now a second time that is how bad, american apparel wet society and eastern outfitters. >> i feel bad as we're talking we have both children many an hour going up and down aisles at toys"r"us. expedition. toys"r"us to use kids on a rainy monday morning whatever it was. >> cheap entertainment.
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>> that's it. somebody who still has young kids these days i think part of toys"r"us and part amazon a lot of that but toys are on the screen. it is not physical -- my ten-year-old son he doesn't want to go up and down aisles but download a new game only his screen so it is a digital age. >> my how times change. but you know that's what had iconic american brangd you imagine would save it. >> it is. now we're going to open this market in about four and a half minutes time. we will be up not much -- but operative word is we will be up. after hitting a series of record highs, the dow industrial will open a little bit higher yet again today 22,300 how about that? back in a second. think your large cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio
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>> now i've been away for a few days but i have noticed that over the course of the past week, the dow industrial afnlg is kept on hitting record highs. closing yesterday what 22,331. every day -- [laughter] please remember back on november the 9th the day after the election last year the dow is at 18,100 so we've gone up 4,200
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since the lerks various factors affecting market again today and we're going to get out of them as soon as market opens many in five seconds tile we're going to open just a little bit higher not much. but on o are ative word is just a little bit high or. back here we go 9:30 news morning how did we open? how do we open a lot of green, i like the green up 18, 13, 17 point look bottom line, 22,348 who would have thought? ever imagine that, i certainly didn't. >> stuart, you know people short of the majority. should get buzzed for that. [buzzer] all right. give me the s&p 500 please where's that? it is also up a fraction. how about the nasdaq where's that? i'm guaranteeing it is up a fraction it is up a fraction. thank you very much indeed i have a equifax for you they've told us about another major breach of its computer systems this was back in march. down again, 92 dollars share
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what would it 140 not too long ago. terrible. tumbling five nearly 6%, they've got clearer about 2,000 of their stores to walgreens that's across the street in florida. >> what's that saying do they admit to pete to walgreens might as well sell the real estate. >> sell for the price investors don't like but six and a half% down two for wright aid who's with me. i'll tell you ashley, of course, has been with us for the entire show so is liz. so is steve cortez the new come is scott the man himself from london o this morning scott i'll start with you because you're in london. all right the dow -- has hit a -- up again today. 31 points right now, that's another all time high, is this because of this -- this wall street journal that the republicans will put one and a half trillion dollars worth of
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new tax cuts into the budget is that move it higher again? >> yeah that's some of it and there's some of it that we've got money manager that needs something to do with the money. so yeah we've got a bunch of different things taking place here that are moving market sightly higher again i'm not debbiedowner i don't to -- rain on a parade here but does it feel like -- [laughter] does it feel like we're all time highs? give it a small golf clap but it doesn't feel like we're all time highs but it is a good thing but end of the day we need something more to kipe keep us here. >> you've lost your sense of reality and far too long so let me tell you, feel like record highs we sit here every reporting record after record we find it exciting and tuning many because they want to see their money. go. >> i'll give you interesting fact of the day are this in 1996 there was about 8 just over 8,000 stocks to invest in now there's just about 4,000 stocks so less supply, right, and
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number two is since we've had had quantitative evening and might see some downturnup we've seen the government balance sheet swell by 4 and a half trillion and equity markets go up 2h% so got a lot of government money involved, and last thing to buy maybe that's why we're doing so well. >> okay we hear you. >> steef cortez i'm worried perhaps you've been infected by that european on we that so prief lengt on continent perhaps in u.k. as well. men growth is real and accelerating and not just corporate earnings but personal incomes are starting to rise and starting to rise pretty dramatically and national federation of small business optimism soaring so not just funny money and inflated market this has real growth real optimism but largely because of trump. >> i have to say scott makes a very good point where else do you put your money? and all this money that sloshing arpgd we're talking trillions of dollars already.
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>> living in an artificial world is what you're saying no it is a real world that's a real record high. 22,000 -- >> go ahead. >> the buzzer quantitate ifer easing so question don't have a market -- [inaudible conversations] >> so risk of getting buzzed please don't buzz me but trying to explain my take on the federal reive okay. bear with me. please. the united states federal reserve has 4.471 trillion dollars worth of assets on its books okay that's what it has got on its books they proposed we hear -- that they might shell out decrease that amount by $10 billion in october. and $10 billion in whoop we will lower balance sheet by $20 billion from 4.4 trillion. >> sending bonds -- >> but that's small amount. >> not a great -- it's a drop in the bucket.
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at the same time the central bank of europe ec b&b oj of japan they will pump out extra $400 billion in october and november. so you'll have a net extra liquidity of $350 billion. what am i missing here? smtion good news for america is we're no longer doing that right we're no longer doing what they're doing in europe but working -- at it strong and thank gold because the first time the fed tried to raise rates was in 2015 and the market we believe went a advertisey what happened now is i believe because donald trump and -- growth and optimism. >> fed raised rates we went into recession that's the danger point there. >> audience caught me doing this. >> move on come on. enough with the recovery we have all team high here up 25. 22,356 do i care about -- no i don't. how about kohl's -- let me move on please. they will now return from amazon
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at 82 of their sores. now, pack and ship it back to amazon for you -- this is the amazon actually can't beat them you join them essentially saying come on into kohl's bring your returns to us. imt in our store that's what they're doing. >> i agree probably a good move instead of clock cleaned by amazon try to partner with them and a sensible strategy for retailers there's no way around it but a gorilla you can't beat you can't wrestle with it. you have to please the gorilla to get him to work with you. >> kohl's is up a buck this morning two and a half% and moving swiftly along i'll tell you -- i've got a quick check of the big board i have that we're up 21 points now that's 22351. autozone car parts people. better profits better sales. stock is up 1.5% as we said kohl's is going to accept returns that stock sup. yum brands they've got taco bell in their stable they're going add 300 urban locations by 2022.
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no reaction on the market. the shares of nike down after a downgrade down one and a quarter% okay down stock a drag on the dow 52 on nike chipotle customers, not taking to the change new cheese dip -- well -- [laughter] not surprised. has anybody heard desperately tried this no -- any normal fashion let alone desperate. >> i heard in london there, scott -- no. [laughter] >> they're not but you know i read what, seen the headlines and what strikes me a little odd and you know i'm burdened with common sense if you're really trying to do something for your brand, are you going to tinker with cheese sauce is that the best you can think of? next headline is going to be come to mcdonald's we've changed the ketchup. i would have thought they would have doing something different than cheese sac. >> producer did not like it at all reportedly says --
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horrible. move on please. weak demand for new iphone 8 we're told looks like people are holding out for the 10 may be. what do you say qeak demanding for the 8? does that matter? >> it makes sense, obviously, that that's had the risk is you can't portion of your sales with future sales so i mean that can happen but i'll tell you too a is great so i don't think apple shareholder yopght see a lot of reason to worry. >> got it. president trump will address the united nations general assembly in the next hour. his theme will be america first. scott -- is that good for the global economy? any impact from the president's speech on the market? any at all what do you say scott? >> minimal i would say but yeah the world will benefit from a strong america. i mean, i think that's what reagan said as well so as if our economy is doing very, very well there's a trickle down effect and trickle up like china so a
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lot to do with the overall global health of the world and i like us growing. i would like to see us grow two to three percent but you know question need to get up there around 3 to 4% before we start clicking along. >> not acceptable with scott no wemght three, 4% as promised that's what we want. >> i'm demanding. okay, about we want to say thank you very much indeed scott and to you -- also steve we with appreciate you being with us on this tuesday morning. got it. all right we're now up 27 points, 26 points 22,357. check this out. this is the new portia mission e electric supercar zero to 60 in less than three and a half sendings top speed 150 miles per hour. tell you how much one of these babies cost many a moment president trump calling out venezuela time for socialist government to restore political freedom to the people. we're on that story after this. ♪
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>> it's not a huge gain but it is a gain, and look at that dow is at 22,351. and there's this apple new mobile operating system is gone ios11 that launches today. nicole come in and tell me why this is a big deal. j it's a big deal you're going to notice some changes i'll tell you some of the top ones first of all when you're driving goes on to do not disturb mode you won't see your texaz safety thing you can turn it off. also free enough storage so premium it will do it on its open for apps that you're not using. lifo toe you know those lifo toes, in fact, you're able to make animation they'll be more lively and a lot more fun. do you talk to siri sometimes
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you can't talk to her now you can type to siri and last but not least if it launches an app that wants to know tracks where you are, it will say had is an app that checks where you are if you want to be private and give you a location. >> i'll take that and something and ipad will change it up to. >> nicole thank you very much indeed. i want to get the latest on hurricane maria, from janice dean in fox weather center. janice is maria at any point going to hit the eastern seaboard of the united states? >> we can't rule it out stuart. and some of the computer models are sheeg very close call with the east coast. week from now, so we've got to watch this storm for now, though, the immediate future, the british and us virgin islands will take a direct hit from the storm this is a visible satellite imagery to see a better image of had very defined category i storm really the potential for direct impact on puerto rico devastating for this island so wind gust and outer bands already moving across
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caribbean lesser and hurricane warnings up for areas in its path including british u.s. virgin islands puerto rico again this could be one of the worst hurricanes they have ever experienced so prayers are needed at this point because this will be a five or after strong category storm surge up wards two feet of rainfall is possible. and that core a very strong wind stuart are are going to potentially devastate puerto rico and then we have to watch it for possible east coast impact next week. back to you. >> thank you very much indeed keep on coming. back to president trump's speech, next hour, at the united nations, mary o'grady is with us a fox news contradict tore a wall street journal columnist. welcome to the program. this is your first appearance on "varney & company." >> i think it might be. spectacularly impressive. now -- the president is going to say america first. going to say that to assembled
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world leaders how's it going to go down? >> i think, obviously, nationalism is a dirty word no one likes that attitude. but on the other hand, what had the members of the u.n. many of the members of the u.n. are looking for is u.s. leadership. this idea that the u.s. is sort of just going to hang back and go with everybody, it didn't work. it was a disaster with president obama, and so they're looking for leadership and if he says america first, but also couples that with a kind of -- you know, moral argument for why the rest of the world has to come with us to confront things like north korea, iran, problems in venezuela i think it will go down very well. >> different from president obama's approach that's a fact this is a very new president -- >> it is very different but i have to say that president obama thought that by hang hadding back like that he was going to u.s. is going to be very popular and, in fact, the rest of the world is horrified by that because --
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we are the -- we are the leader we need the leadership, and a lot of these countries may not be politically correct, they want that u.s. leadership. >> that is pass mating i want to move on to venezuela you're an expert there president trump tweeted this about venezuela here it is we call for full restoration of political freedoms in venezuela and we want it to happen very, very soon we understand he's going to call them out in today's speech how's that going to go down? >> i think that will go down o very well, i mean, swen sway plan situation. >> latin american leaders. the situation has actually brought people together in latin america cuban are not happy castros but you have on the south american continue meant countries that are very worried what about they see in venezuela it is interesting for six decades you have the cubans sort of, you know, committing every human rights violation you could imagine, and yet somehow morally nobody ever called them out and
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now you see the same situation in venn sway will almost like these other countries are thinking -- if something is not done about this, guy, we're going to be the next thing that he eats for dinner and you know, they want the u.s. help and they're coming together, i mean, you've had the mexican president and the peruvian president brought their foreign ministers together from a number of different country miss the region for a meeting in lima last month where they denounced the -- the end of democracy and the human rights violation in venezuela. >> fascinating we never heard of this meeting of condemning venezuela we never heard about it. >> many of the the peruvian president who stayed in peru with a problem with his cabinet -- is not at the meeting. and mexican president, of course, did not go to the dinner last night. he decided to hang back. >> domestic political reasons. there's problems there
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between -- this administration -- [laughter] but the fact of the matter is, many, many country ors again that historically were completely numb cuba saying human right violations are, you know -- completely unacceptable and we have to come together to resist it. >> this is fascinating a big moment in history. it really is. because i've always thought that america was just vilified in the united nations we were the numero uno enemy and seasonal this realize that we're not. without american leadership, you guys are toast. everything is going wrong. >> yeah, one thing i think that president trump has not done well in venezuela is he doesn't assistant secretary for western hemisphere and rex tillerson is using very much the career guy at the state department to shape policy there. and it's in my opinion been too much about dialogue, and not
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enough about taking the toughest stances we could medical record to force venezuela to return to democracy. >> mary o'grady that was a spectacular first performance on "varney & company." if you're not careful you'll come back. [laughter] thank you very much. >> it would be my pleasure. stuart: thanks this market is holding on to a small gain up 22 points it's the level that gets me. 22,353 who would have thought by the way we have positive economic news food stamp usage has fallen every single month since president trump took office. down to its lowest level since 2007. how about that? yeah we'll be back. kevin, meet your father. kevin kevin kevin kevin kevin kevin kevin kevin
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>> how about some all time highs to report for you they would be boeing 3m and american express now organically one of them cropped back a little bit but two of them dropped back a little bit as we speak. but monals earlier this morning all three big name companies record high stock prices. and then we have this food stamp usage has had fallen every month of the trump presidency. you want to tell me -- >> 1 pnts 3 million less on food stamps since january. so they're at 2010 levels right
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now, you could argue back to normal level and state saying work requirements for food stamps and a trust administration saying you have to be more judicious and cost effective in how you allot and projecting it could drop to 2.5 million getting pramps by 2007 so economic growth continues and work requirements are put in certain states food stamps roles are dropping. stuart: i don't think the to be a pain in the neck but you did say 1.3 million less people that's wrong. it's 1.whatever it is -- fewer people. >> thank you for that. >> you're welcome speak it a brit. >> i think this has for you ash. ashley: might not get it right. stuart: don't let it slip. stuart: new british study says global warming not that bad. now speak. ashley: they say this this thank you very much are. as they say that model not done by a shell by done by oxford,
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university university and well respected people say look you've been using wrong model for one, and so the rate of warming in the you've been using inaccurate that's not true. plus say they say not enough weight to renewable energy. rate of renewable energy ?king and is having an impact so you say we're going to get to this level of warming by this particular date. not true. you're way off by ten to 15 years. >> that is very important. they also say that the fact that u.s. under president trump pulling out of the paris cord who cares doesn't make my difference. >> really? that's one with of the issues the president has to do, and united nations. >> no different -- great story thanks ash. now portia they're showing off the new electric supercar, it's called the mission e, that's it on your screens. tell me about it emac. >> basically this is porsche stepping in with a very slick car now this is just in the -- basically the talking stages
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right now. they're going to be taking on all of the other electric car vehicles it is going to be hyperexpensive but has a decent wireless charming to the battery are as well so rave reviews right now. it takes off. president trump arriving rueing there motorcade has had gone from trump tower in midtown manhattan gone about 20 blocks south it is a ride at the united nations building around 42nd street you can see nikki haley there united nations american ambassador to the united nations lady right there near the car. president is about to emerge from that or car escorted into united nations building itself and just a i rifed he's due to speak at 0130 this morning we're going to cover that and president trump, in fact, he's making his first speech at united nations general assembly. we're going to stay with this for a second i want to see the -- president arriving. has arrived -- he's walking into the main building now.
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surrounded by security -- can you imagine the security of his motorcade as it went from trump tower midtown manhattan all the way down to the 42nd street. traffic jams many manhattan all i can say it is -- look i -- i work in manhattan. i am here all day long. i'm happy to see the president the united states of america -- in our city. glad to see it. i think it's a great thing. love to see it. there he is walking in nikki haley there with him as you can see about united nations officials -- i don't think he has to go through security to get into the building so -- that is the president of the united states. got that. own security people around him. he will walk in, settle himself and then at 10:30 the time frame he makes speech in which he will say america first. and he will tell the assembled dignitaries it is in your interest to rally around us and unite and challenge north korea.
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>> saying this yesterday because the mantra of the united nations is well first go great that's it. america first. >> talk about sovereignty. yeah wasn't that president obama? he seemed like he wanted to be the president of the world. the world came first. now we have a president who wants to put america first as official politics. >> i would argue with president obama apology tour one of the reason ares why the democrat party has been demolished at state and local federal level that's probably why democrats have lost so many feet because the president apologies tour so president talk on nato got results. canada and europe increase spending pulling out of the paris climate accord retalking nafta, basically he's taking a leadership role the head of nato said america first doesn't mean america alone. what is option there you don't have is america leading is it china? is it russia is that the vision if the world that you want or
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freedom and democracy? >> as the lady told us we ought thought that america was wildly unpopular but failed to lead -- >> that's what media tells us. america became very unpopular and now they want america to lead. at least substantial portion of those assembled dignitaries they want america lead when you're faced with a north korea, with with a hydrogen bomb and missile to deliver it, you've got a problem. everybody is got a problem, and you've got to do something about it. i can't wait it see facings the north korean diplomats as they sit there listening to president trump. make a very strong speech is i would imagine about north korea. well north koreans are sitting in front i want to see their reaction that is a fact. all right here we go. president trump, has arrived as you can see at the united nations, he addresses the world leaders in about a half hour. picture this please, president trump at the podhad ium seated right in front of him the delegation from --
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north korea. who knows what their reaction will be at the president tries to rally support for reigning in that rogue state nuclear program. and that's what mr. trump will do, he will tell the united nations that it is in their interests and america's interests to confront the north korean threat. he will be sharp edged and take the political offense. what a contrast to the obama years. this it will be no apology speech. more than that, it will mark another step in . the new look began a few weeks ago when he ditched hard-line conservatives and embraced the center. he dealt with democrats. it is getting results. he lit a fire under the republican party which is now scurrying to produce a tax-cutting package that will get the votes it needs. and a health care deal that might get 50 votes in the senate. clearly the presidency, that is emerging is very different from the one we saw from january to
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august. above all, the trump presidency wants to get things done. listen closely and that's what you will hear at the united nations today. this president is not driven by ideology. he is driven by results. we know the problems. what can we do to fix them? it's a political realignment at home and abroad and as we said many times you have never seen a presidency like this one. the second hour of "varney & company" is about to begin. ♪ stuart: check that big board, holding on to a very sim gain but a gain it is. 22,346. s&p 500 fractional a gain. nasdaq pretty much the same story. we're a fraction down, .03%.
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big tech names we always follow, that is were the money has been going. look at this facebook is up, microsoft, i own a little bit of it, 75.23. alphabet down. apple. we have equifax, we now find there was a second attack five months before the big breach that exposed 143 million people's particular aspects of their stuff, of their personal life. so there is another breach there. where is the price of oil this morning? i will tell you quickly. the price of oil is around 49, i call that 50 bucks a barrel, give or take a few cents. president trump will give the big address to the united nations 30 minutes from now. the big focus will be north korea. joining us now, john bolton, former u.s. ambassador to the united nations. mr. ambassador, is the goal
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simply to contain nuclear north korea? is that the objective now? >> well i hope not. i think we'll learn a lot more obviously as the president speaks on iran as well as north korea. this is a big opportunity to try and persuade this worldwide audience of the severity of the threat that both north korea and iran pose. so i think this is a chance for him to help marshall support for what could be a tough decision, possibly including military force. stuart: but it is aggressive diplomacy at this point, backed up with the threat of the military in the background? >> that's true. to that extent it will fail. the rhetoric of the trump administration has been different from barack obama's but in fact the secretary of state said as recently as sunday, his objective is still to get the north koreans to the negotiating table. that is a strategy that will fail. stuart: do you think that we're almost inevitably heading towards a military clash?
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>> well i think if you're content to have north korea and iran with nuclear weapons there will be no military clashes. the president is getting up there. we're about to hear them. perhaps we know the answer from him right here. stuart: i think we should listen in. i thought the president was -- he is speaking now. >> mr. secretary, mr. president, world leaders, and distinguished delegates, welcome to new york. it is a profound honor to stand here in my home city as a representative of the american people to address the people of the world. as of our citizens continue to suffer the effects of the devastating hurricanes that struck our country i want to begin my expressing my appreciation to every leader in this room who has offered assistance and aid. the american people are strong and resilient and they will
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emerge from these hardships more determined than ever before. fortunately the united states has done very well since election day last november 8. the stock market is at an all-time high, a record. unemployment is at its lowest level in 16 years and because of our regulatory and other reforms we have more people working in the united states today than ever before. companies are moving back, creating job growth the likes of which our country has not seen in a very long time, and it has just been announced that we will be spending almost $700 billion on our military and defense. our military will soon be the strongest it has ever been.
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for more than 70 years in times of war and peace the leaders of nations, movements and religions have stood before this assembly. like them i intend to address some of the very serious threats before us today, but also, the enormous potential waiting to be unleashed. we live in a time of extraordinary opportunity. breakthroughs in science, technology, and medicine are curing illnesses and solving problems that prior generations thought impossible to solve. but each day also brings news of growing dangers that threaten everything we cherish and value. terrorists and extremists have gathered strength and spread to every region of the planet. rogue regimes represented in this body not only support terrorists, but threaten other
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nations and their own people with the most destructive weapons known to humanity. authority and authoritarian powers seek to collapse the values, the systems and alliances that prevented conflict and tilted the world toward freedom since world war ii. international criminal networks traffic drugs, weapon, people, force dislocation and mass migration, threaten our borders and new forms of aggression exploit technology to menace our citizens. to put it simply, we meet at a time of both immense promise and great peril. it is entirely up to us whether we lift the world to new heights or let it fall into a valley of
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disrepair. we have it in our power, should we so choose, to lift millions from poverty, to help our citizens realize their dreams, and to insure that new generations of children are raised free from violence, hatred and fear. this institution was founded in the aftermath of two world wars, to help shape this better future. it was based on the vision that diverse nation cost cooperate to protect their protect their sovereignty, secure their security and promote their prosperity. it was in the same period exactly 70 years ago that the united states developed the marshall plan to help restore europe. those three beautiful pillars,
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they're pillars of peace, sovereignty, security, and prosperity. the marshall plan was built on the noble idea that the whole world is safer when nations are strong, independent, and free. as president truman said in his message to congress at that time, our support of european recovery is in full accord with our support of the united nations. the success of the united nations depends upon the independent strength of its members. to overcome the perils of the present, and to achieve the promise of the future, we must begin with the wisdom of the past, our success depends on a coalition of strong, and independent nations that embrace their sovereignty, to promote security, prosperity, and peace
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for themselves and for the world. we do nod expect diverse countries to share the same cultures, traditions or even systems of government but we do expect all nations to uphold these two core sovereign duties. to respect the interests of their own people and the rights of every other sovereign nation. this is the beautiful vision of this institution, and this is the foundation for cooperation and success. strong, sovereign nations, let diverse countries with different values, different cultures, and different dreams not just coexist but work side by side on the basis of mutual respect. strong sovereign nations let their people take ownership of the future and control their own
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destiny and strong, sovereign nations allow individuals to flourish in the fullness of the life intended by god. in america we do not seek to impose our way of life on anyone but rather to let it shine as an example for everyone to watch. this week gives our country a special reason to take pride in that example. we are celebrating the 230th anniversary of our beloved constitution, the oldest constitution still in use in the world today. this timeless document has been the foundation of peace, prosperity and freedom for the americans and for countless millions around the globe whose own countries have found inspiration in its respect for
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human nature, human dignity, and the rule of law. the greatest in the united states constitution is its first three beautiful words. they are, we the people. generations of americans have sacrificed to maintain the promise of those word. the promise of our country and of our great history. in america the people govern, the people rule, and the people are sovereign. ii elected not to take power, bt to give power to the american people where it belongs. in foreign affairs we are renewing this founding principle of sovereignty. our government's first duty is to its people, to our citizens. to insure their needs, assure
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their safety, preserve their rights and to defend their values. as president of the united states i will always put america first, just like you as the leaders of your countries will always, and should always put your countries first. [applause] all responsible leaders have an obligation to serve their own citizens and the nation-state remains the best vehicle for elevating the human condition but making a better life for our people also requires us to work together in close harmony and unity, to create a more safe and peaceful future for all people. the united states will forever be a great friend to the world and especially to its allies.
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but we can no longer be taken advantage of, or enter into a one-sided deal where the united states gets nothing in return. as long as i hold this office, i will defend america's interests above all else, but in fulfilling our obligations to our own nations, we also realize that it is in everyone's interest to seek a future where all nations can be sovereign, prosperous and secure. america does more than speak for the values expressed in the united nations charter. our citizens have paid the ultimate price to defend our freedom and the freedom of many nations represented in this great hall. america's devotion is measured on the battle fields where our young men and women have fought and sacrificed alongside of our
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allies. from the beaches of europe to the deserts of the middle east, to the jungles of asia, it is an eternal credit to the american character that even after we and our allies emerged victorious from the bloodiest war in history, we did not seek territorial expansion or attempt to oppose and impose our way of life on others. instead we helped build institutions such as this one to defend the sovereignty, security and prosperity for all. for the diverse nations of the world this is our hope. we want harmony and friendship, not conflict and strife. we are guided by outcomes, not
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ideology. we have a policy of principled realism, rooted in shared goals, interests and values. that realism forces us to confront a question facing every leader and nation in this room. it is a question we can not escape or avoid. we will slide down the path of complacency, numb to the challenges, threats and even wars that we face. or do we have enough strength and pride to confront those dangers today, so that our citizens can enjoy peace and prosperity tomorrow? if we desire to lift up our citizens, if we aspire to the approval of history, then we fulfill our sovereign duties to the people we affect fully represent. we must protects our nations, their interests and their
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futures. we must reject threats to sovereignty from the ukraine, to the south china sea. we must uphold respect for law, respect for borders, and respect for culture, and the peaceful engagement these allow. and just as the founders of this body intended we must work together and confront together those who threaten us with chaos, turmoil, and terror. the scourge of our planet today is is a small group of rogue regimes that violate every principle on which the united nations is based. they respect neither their own citizens, nor the sovereign rights of their countries. if the righteous many do not confront the wicked few, then
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evil will triumph. when decent people and nations become bistanders to history, the forces of destruction only gather power and strength. no one has shown more contempt for other nations and for the well-being of their own people than the depraved regime in north korea. it is responsible for the starvation deaths of millions of north koreans and for the imprisonment, torture, killing and oppression of countless more. we were all witness to the regime's deadly abuse when an innocent american college student, otto warmbier, was returned to america only to die a few days later. we saw it in the assassination of the dictator's brother, using
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banned nerve agents in an international airport. we know it kidnapped a sweet, 13-year-old japanese girl from a beach in her own country, to enslave her as a language taught it for north korean spies. if this is not twisted enough, now north korea's reckless pursuit of nuclear weapons and ballistic missiles threatens the entire world with unthinkable loss of human life. it is an outrage that some nations would not only trade with such a regime, but would arm, supply and financially support a country that imperils the world with nuclear conflict. no nation on earth has an interest in seeing this band of criminals arm itself with nuclear weapons and missiles. the united states has great strength and patience but if it is forced to defend itself or
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its allies, we will have no choice but to totally destroy north korea. rocketman is on a suicide mission for himself and for his regime. the united states is ready, willing and able, but hopefully, this will not be necessary. that's what the united nations is all about. that's what the united nations is for. let's see how they do. it is time for north korea to realize that the denuclearization is it only acceptable future. the united nations security council recently held two unanimous 15-0 votes adopting hard-hitting resolutions against north korea and i want to thank china and russia for joining the
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vote to impose sanctions along with all of the other members of the security council. thank you to all involved but we must do much more. it is time for all nations to work together to rice late the kim regime until it ceases its hostile behavior. we face this decision not only in north korea. it is far past time for the nations of the world to confront another reckless regime, one that speaks openly of mass murder, vowing death to america, destruction to israel, an ruin for many leaders and nations in this room. the iranian government masks a corrupt dictatorship behind the false guise of a democracy. it has turned a wealthy country with a rich history and culture into an economically depleted
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rogue state whose chief exports are violence, bloodshed, and chaos. the longest-suffering victims of iran's leaders are in fact its own people. rather than use its resources to improve iranian lives, its oil profits go to fund hezbollah and other terrorists that kill innocent muslims and attack their peaceful arab and israeli neighbors. this wealth, which rightly belongs to iran's people also goes to shore up bashar al-assad's dictatorship, fuel yemen's civil war and undermined peace throughout the entire middle east. we can not let a murderous regime continue these destablizing activities while
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building dangerous missiles. and we can not abide by an agreement if it provides cover for the for the event you'll construction of a nuclear program. [applause] the iran deal was one of the worst and most one-sided transactions the united states has ever entered into. frankly that deal is an embarassment to the united states and i don't think you've heard the last of it. believe me. it is time for the entire world to join us in demanding that iran's government end its pursuit of death and destruction. it is time for the regime to free all americans and citizens of other nations that they have unjustly detained, and above all, iran's government must stop
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supporting terrorists, begin serving its own people and respect the sovereign rights of it is neighbors. the entire world understands that the good people of iran want change and other than the vast military power of the united states, that iran's people are what their leaders fear the most. this is what causes the regime to restrict internet access, tear down satellite dishes, shoot unarmed student protesters, an imprison political reformers. oppressive regimes can not endure forever and the day will come when the people will face a choice. will they continue down the path of poverty, bloodshed and terror, or will the iranian people return to the nation's
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proud roots as a center of civilization, culture and wealth where their people can be happy and prosperous once again? the iranian regime's support for terror is in stark contrast to the recent commitments of many of its neighbors to fight terrorism and halt its financing. be in saudi arabia early last year i was greatly honored to address the leaders of more than 50 arab and muslim nations. we agreed that all responsible nations must work together to confront terrorists and the islamic extremism that inspires them. we will stop radical islamic terrorism because we can not allow it to tear up our nation and indeed to tear up the entire
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world. we must deny the terrorists safe havens, transit, funding, and any form of support for their vial and sinister ideology. we must drive them out of our nations. it is time to expose and hold responsible those countries who support and finance terror groups like al qaeda, hezbollah, the taliban, and others that slaughter innocent people. the united states and our allies are working together throughout the middle east to crush the loser terrorists and stop the reemergence of safe havens they use to launch attacks on all of our people. last month i announced a new strategy for victory in the fight against this evil in afghanistan. from now on our security
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interests will dictate the lent and scope of military operations, not arbitrary benchmarks and timetables set up by politicians. lives totally changed the rules of engagement in our fight against the taliban and other terrorist groups. in syria and iraq we have made big gains toward lasting defeat of isis. in fact, our country has achieved more against isis in the last eight months than it has in many, many years combined we seek the de-escalation of the syrian conflict, and a political solution that honors the will of the syrian people. the actions of the criminal regime of bashar al-assad including the use of chemical weapons against his own
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citizens, even innocent children, shocked the conscience of every decent person. no society can be safe if banned chemical weapons are allowed to spread. that is why the united states carried out a missile strike on the airbase that launched the attack. we appreciate the efforts of the united nations agencies that are providing vital humanitarian assistance in areas liberated from isis and wees specially thank jordan, turkey, an lebanon for their role hosting refugees from the syrian conflict. the united states is a compassionate nation and spent billions and billions of dollars
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helping to support this effort. we seek an approach to refugee resettlement that is designed to help these horribly treated people and in which enables their eventual return to their home countries to be part of the rebuilding process. for the cost of resettling one refugee in the united states we can assist more than 10 in their home region. out of the goodness of our hearts we offer financial assistance to hosting countries in the region and we support recent agreements of the g-20 nations that will speak to host refugees as close to their home countries as possible. this is the safe, responsible and humanitarian approach. for decades the united states has dealt with migration challenges here in the western hemisphere. we have learned that over the
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long term uncontrolled migration is deeply unfair to both the sending and receiving countries. for the sending countries it reduces domestic pressure to pursue needed political and economic reforms. and drains them of the human capital guess to motivate and implement those reforms. for the receiving countries the substantial costs of uncontrolled migration are born overwhelmingly by low-income citizens whose concerns are often ignored by both media and government. i want to salute the work of the united nations in seeking to address the problems that cause people to flee from their homes. the united nations and african union led peacekeeping missions
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to have invaluable contributions in stablizing conflicts in africa. the united states continues to lead the world in humanitarian assistance, including famine prevention and relief in south sudan, somalia, and northern nigeria and yemen. we invested in better health and opportunity all over the world through programs like pepfar which funds aids relief. the president's malaria initiative, the global health security agenda, the global fund to end modern slavery, and the women entrepreneurs finance initiative, part of our commitment to empowering women all across the globe. we also thank -- [applause]
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we also thank the secretary-general for recognizing that the united nations must reform if it is to be an effective partner in confronting threats to sovereignty, security and prosperity. too often the focus of this organization has not been on results but on bureaucracy and process. in some cases state has seek to subvert this institution's noble ends have hijacked the very systems that are supposed to advance them. for example, it is a massive source of embarassment to the united nations that some governments with egg green just human rights records sit on the u.n. human rights council. the united states is one out of
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193 countries in the united nations. and yet we pay 22% of the entire budget and more. in fact, we pay far more than anybody realizes. the united states bears an unfair cost burden but to be fair, if it could actually accomplish all of its stated goals, especially the goal of peace, this investment would easily be well worth it. major portions of the world are in conflict and some in fact are going to hell but the powerful people in this room under the guidance and auspice of the united nations can solve many of these vicious and complex problems. the american people hope that one day soon the united nations can be a much more accountable
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and effective advocate for human dignity and freedom around the world. in the meantime, we believe that no nation should have to bear a disproportionate share of the burden militarily or financially. nations of the world must take a greater role in promoting secure and pros pus societies -- prosperous societies in their own regions. why in the western hemisphere the united states has stood against the corrupt destablizing regime in cuba and embraced the enduring dream of the cuban people to live in freedom. my administration recently announced that we will not lift sanctions on the cuban government until it makes fundamental reforms. we have also imposed tough, calibrated sanctions on the socialist maduro regime in venezuela which has brought a
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once thriving nation to the brink of total collapse. the socialist dictatorship of nicholas maduro has inflicted terrible pain and suffering on the good people of that country. this corrupt regime destroyed a prosperous nation by imposing a failed ideology that has produced poverty and misery everywhere it has been tried. to make matters worse, maduro has defied his own people, stealing power from their elected representatives to preserve his disasterous rule. the venezuelan people are starving and their country is collapsing. their democratic institutions are being destroyed. this situation is completely unacceptable and we can not stand by and watch.
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as a responsible neighbor and friend we and all others have a goal. that goal is to help them regain their freedom, recover their country, and restore their democracy. i would like to thank leaders in this room for condemning the regime and providing vital support to the venezuelan people. the united states has taken important steps to hold the regime accountable. we are prepared to take further action if the government of venezuela persists on its path to impose authoritarian rule on the venezuelan people. we are fortunate to have incredibly strong and healthy trade relationships with many of the latin american countries
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gathered here today. our economic bond form as critical foundation for advancing peace and prosperity for all of our people and all of our neighbors. i ask every country represented here today to be prepared to do more to address this very real crisis. we call for the full restoration of democracy and political freedoms in venezuela. [applause] the problem in venezuela is not that socialism has been poorly implemented but that socialism has been faithfully implemented. [applause] from the soviet union to cuba to venezuela, wherever true socialism or communism has been
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adopted, it has delivered anguish and devastation and failure. those who preach the tenets of these discredited ideologies only contribute to the continued suffering of the people who live under these cruel systems. america stands with every person living under a brutal regime. our respect for sovereignty is also a call for action. all people deserve a government that cares for their safety, their interests and their well-being including their prosperity. in america we seek stronger ties of business and trade with all nations of goodwill but this trade must be fair and it must be reciprocal. for too long the american people were told that mammoth, multinational trade deals,
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unaccountable international tribunals, and powerful, global bureaucracies, were the best way to promote their success. but as those promises flowed, millions of jobs vanished and thousands of factories disappeared. others gamed the system and broke the rules. and our great middle class, once the bedrock of american prosperity, was forgotten and left behind but they are forgotten no more and they will never be forgotten again. while america will pursue cooperation and commerce with other nations, we are renewing our commitment to the first duty of every government, the duty of our citizens.
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this bond is the source of america's strength and every responsible nation represented here today. if this organization is to have any hope of successfully confronting the challenges before us it will depend as president truman said some 70 years ago on the independent strength of its members. if we are to embrace the opportunities of the future, and overcome the present dangers together, there can be no substitute for strong, sovereign and independent nations. nations that are rooted in the histories and invested in the their destinies. nations that seek allies to befriend, not enemies to conquer. and most important of all, nations that are home to patriots, to men and women who are willing to sacrifice for
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their countries, their fellow citizens and for all that is best in the human spirit. in remembering the great victory that led to this body's founding, we must never forget that those heroes who fought against evil also fought for the nations that they loved. patriotism led the pols to die to save poland. the french to fight for a free france, and the brits to stand strong for britain. today, if we do not invest ourselves, our hearts, and our minds an our nations if we will not build strong families, safe communities and healthy societies for ourselves, no one can do it for us. we can not wait for someone else. for far away countries or far-off bureaucracies.
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we can't do it. we must solve our problems, to build our prosperities, to secure our future, or we will build vulnerable to decay, domination and defeat. the true question for the united nations today, for people all over the world who hope for better lives for themselves and their children, is a basic one. are we still patriots? do we love our nations enough to protect their sovereignty and to take ownership of their futures. do we revere them enough to defend their interests, preserve their cultures, and insure a peaceful world for their citizens? one of the greatest american patriots, john adams, wrote that the american revolution was effected before the war commenced. the revolution was in the mind
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and hearts of the people. that was the moment when america awoke, when we looked around and understood that we were a nation. we realized who we were, what we valued, and what we would give our lives to defend. from its very first moments the american story is the story of what is possible when people take ownership of their future. the united states of america has been among the greatest forces for good in the history of the world. and the greatest defenders of sovereignty, security, and prosperity for all. now we are calling for a great reawakening of nations. for the revival of their spirits, their pride, their people, and their patriotism.
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history is asking us whether we are up to the task. our answer will be a renewable of will, a rediscovery of resolve, and a rebirth of devotion. we need to defeat the enemies of humanity, and unlock the potential of life itself. our hope is a word and world of proud, independent nations, that embrace their duties, seek friendship, respect others and make common cause in the greatest shared interest of all, a future of dignity and peace for the people of this wonderful earth. there is the true vision of the united nations. the ancient wish of every people, and the deepest yearning that lives inside of ever sacred
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soul. so let this be our mission, and let this be our message to the world. we will fight together, sacrifice together, and stand together for peace. for freedom. for justice. for families. for humanity, and for the almighty god who made us all. thank you, god bless you, god bless the nations of the world and god bless the united states of america. thank you very much. [applause] stuart: that was an extraordinary performance by the president of the united states before the united nations and the assembled world leaders. he was forceful, it was gripping, and it was very direct. because of that, it was very unusual.
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he started out by going right at north korea, referred to the leader there, kim jong-un as rocketman again. he said it is time for the north koreans to denuclearize. that is their only future. if not the regime there would be totally destroyed. that is a direct quote. totally destroyed. he went on to iran. he said you can't stay with a deal that leads to a nuclear iran. it was the worst deal ever. it is an embarassment. now we've been sitting here watching. i'm going to parcel this out to other people around the table with me for various aspects of the speech. i have dealt with north korea and iran. allison barry, my colleague, you will deal with the response of terrorism. go. >> three key things, deny, drive out, expose. he is calling on the countries deny safe havens, deny transit, deny funding. drive out those that would promote hate and extremism.
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expose those countries we all know that are supporting terrorism. interesting to tag along on iran there, interesting, i thought he mate a very good point, pointing out to the world's global citizens iran is choosing its very rich resources to support terrorism rather than allocating them to their own people and looking after their own people, circling back to the theme of sovereignty, we're all in this together. put our nations first. stuart: forceful and direct on north korea and on iran and terrorism. liz, what did he say about venezuela. liz: failed ideology of socialism communist venezuela of the it is people are starving. socialism and communism in cuba as well. he said we can not stand by and watch what is going on in venezuela. we must be prepared to take action if this continues. it is completely unacceptable. the cruelty going on in venezuela, the poverty and misery has to stop. stuart: ash, what did he say
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about the united nations itself? ashley: his overall, overarching comment about the united nations was accountability and. lack that he believes the u.n. exhibited one of the first lines i got applause. i will always put america first as you too should always put your country first. i thought that there was a freight content. nothing wrong with sovereignty that calls the world first. country is first. it is okay. we all need to put our best foots forward helping each other to defend democracy around the world. look, we pay 22% of the u.n. budget. we believe that unfair cost burden. if this body does what it is supposed to do, it is money well spent. stuart: president trump leaving the united nations general assembly after completing his speech. the first lady coming down the escalator. the son of former israeli prime minister shimon peres, we have
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with husband, himi perez on the program. >> thank you very much. pleasure to be here. stuart: i have a feeling you wrote that speech. it was very much in mind with your country as interesting. >> it very well could have been. we've been waiting for a speech like that. >> i'm sorry to interrupt you. president still speaking. more on that, please. >> we'll be back here -- we have many meetings scheduled. we'll have great success. thank you very much. [shouting questions] stuart: i interrupted remarks from the president as he was walking out of the building. the media is shouting questions at him. he is responded to a couple there. very much what he said to the general assembly. i interrupted you, very sorry about that but you are very much in favor of that speech. how about the tone and directness of it? >> i think it was a very clear voice of hope. i think he covered most of the subjects that are relevant for world order today and i felt inspired by this speech. i shared the notion that we have
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been waiting for some time to hear a speech like that from the president. stuart: i'm trying to think of how someone would oppose that speech, say that was not a good speech. the only thing i could think of, some might call it inflammatory. it was beating the drums of war, perhaps. what do you say to that? >> perhaps. if there is one thing i would like maybe to draw the attention of the audience and yourself, is that when you talk about the iranian deal, we have to remember this is not an american and iranian deal only. there are other participants like russia, china, europe. at the end of the day the agreement will be tested in perspective of history whether or not it was honored completely are not. stuart: quickly allison, i want to bring you in quickly on north korea. he said -- if north korea doesn't denuclearize the regime will be totaledly destroyed.
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i never heard an american president say something as dramatic as that. >> that was a strong statement but it was couched in a nuanced logical argument up to it. he gave them, a lot of nations a opportunity to get behind a political resolution, a diplomatic resolution, putting pressure on them. but at the end, it was a strong statement at the end of it saying we will take action. kind of like parents and children, right, if you make empty threats, kid will work it out. you have to be able to follow through. i think he is saying we will follow through if you refuse to comply. stuart: i might add we're a financial program. we were watching the stock market throughout the 45 minute speech. it did not move throughout that 45 minute presentation. the dow industrials stayed with a gain of about 25 points. that's it. stock still at that. liz: he also said thank you to china and russia. you agreed with the u.s.'s position on north korea. a unanimous 15-0 vote to impose tough sanctions on north korea.
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china and russia voted for them twice. stuart: okay. have you ever seen anything like this before? ashley: no. >> i haven't seen anything like that before. i wanted to comment, a new book of my father, no room for small dreams, just came out and my father spoke about the need to transition from the a world of territory of wars and world of safe ends and technology, collaborating "beyond borders" on global threats. and when i listen to the speech, i believed that north korea today is proposing a certain threat for world order. therefore i believe we should unite and work on those issues as well. stuart: it is very different from president obama's presentations to the world leaders. you're laughing. >> yes. stuart: seriously it was like day and night. >> good way. very different. stuart: completely different. >> also believe got more applause than obama. it is not done, one -- stuart: i counted three or four
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interruptions for mild applause. ashley: yes. stuart: i thought president obama got far more than that i will not check the applause level. liz: president trump got applause when he said obama's iran deal was a disaster, one of the worst one-sided deals every entered into. he did get applause in the assembly. stuart: i have a frequent guest on the program, general thomas mcinerney, he is on the phone. before we get to him i want to roll the sound bite where president trump was talking about north korea. roll it please. >> the united states has great strength and patience, but if it is forced to defend itself or its allies, we will have no choice but to totally destroy north korea. stuart: well that's the headline from the president's speech, certainly about north korea. general mcinerney what do you make of it? that is a direct threat, wasn't it? >> it certainly was, stuart. this will probably go down maybe
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the best speech by any american president to the u.n. in our history, and that's saying a lot, and he covered a lot of territory as your co-hosts there are talking about on what he said but it was very candid. it was clearly a direct threat to north korea, that you will be destroyed if you do not get rid of your north carolina clear weapons. -- nuclear weapons. that is challenging. stuart: general, do you think it was inflammatory in any way? >> no. some could say that. those that do not want to go anywhere and continue to play around with sanctions and that, but the difference between inflammatory and i mean business is very important, and it send a clear signal to the chinese, that if you don't work with us, then we will resolve this problem but you're not going to like the way we resolve it. stuart: one thing that stood out to me was, as he was challenging the north koreans, the camera shifted to the north korean
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delegate who is sitting there, very stone any-faced, looking down. we thought he would perhaps walk out or make a demonstration of opposition but he did not. then he moved on to iran. and the iranian delegate was sitting there, stone-faced, gritting his teeth by looks of it, and there was no response from the two delegates at all. again, mr. perez, i wouldn't expect any unless the north korean walked out in disgust. >> i would rather sit in this studio than over there. stuart: really? that would be very true. they didn't walk out. they were deadpanned. >> pretty good poker faces. what people could look for detraction, he talked a lot about sovereignty. there was a little rabble-rouserring across-borders. i feel he was talking about people of other nations to rise up, do right thing in their own nations to bring about change. ashley: reawakening, what he called it, the great
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reawakening. stuart: that is how he closed the speech it, was a great reawakening of the nations around sovereignty. three word, sovereignty, prosperity, security. those are the three principles that should guide the actions of all nations. that is what he said right up front with this whole speech. i will wrap this up. i have to go to am could merges break but let me leave you with this we have not seen an american president make a speech to the united nations like that. it was forceful and direct panned gripping. he was saying extraordinary things which you don't normally get from an american president. there you have it. the stock market paid no attention. i notice it is beginning to move up. we'll be back with more on an extraordinary speech.
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stuart: we hope you were with us
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and saw it, one of the most dramatic speeches ever given by an american president certainly to the united nations. it was forceful, gripping, direct, and very unusual. he picked on four areas the world has major concerns. he started with north korea. he called the regime of kim jong un, called him rocket man, time for the deacon division denuclearization, the only future for north korea, if they don't regime could be totally destroyed. that is a direct quote, those words were used by our president. then he went on to iran and dealt with the iran deal, saying it was the worst deal ever, it was an embarrassment and we can't live with the deal if it leads to a nuclear iran. he moved on to the issue of terror. we are going to root out those who finance terror, crush the
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loser terrorists. strong language, not necessarily in inflammatory terms, just laid out. he then moved on to venezuela, it is, he said, a corrupt regime. we can't stand idly by. our goal to restore freedom and democracy of the venezuelan people. he wrapped it up by saying essentially the nations of the world must unite to move forward for security, sovereignty and prosperity. that is what our president just said. the hour of "varney and company" is about to begin. ♪ first, let me show you. exactly what donald trump said on north korea. >> no one has shown more contempt for other nations and the well-being of their other
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people than the depraved regime in north korea. it is responsible for the salvation deaths of millions of north koreans. and the imprisonment, torture, killing and depression of countless more. we are witness to the regime's deadly abuse when an innocent american college student, auto warm was returned to america only to die a few days later. we saw in the assassination of the dictator as brother using band nerve agents in an international effort. he kidnapped a sweet 13-year-old japanese girl from a beach in her own country to enslave her as a language tutor for north korea's spies. if this is not twisted enough,
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now north korea's reckless pursuit of nuclear weapons and ballistic missiles threatens the entire world with thinkable loss of human life. stuart: he spelled it out, that is what he did. we are joined by best-selling author peter kiernan who wrote a book about china. the president went out of his way to praise russia and china for putting more sanctions on north korea but he said we want more. will he get more from china after that speech? >> he has to keep pushing. everyone comes to the conclusion pinching pyongyang is probably not going to change the calculus. the trouble is there is a limit to how far china will go if they don't want to diminish north korea, they want a strong government between themselves and south korea. stuart: you don't think the
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chinese will go further routing the north korean regime. >> there are limits. it is fine to ask them and they did vote with two sanction proposals for the security council and they are trying to play along. i am sure do not want the disruption pyongyang is creating but the issue is you have to have somebody as forceful as the president was to say if nikki haley cannot work something out with sanctions, we will turn it over to jim mattis, then you're going to pay. stuart: do you think it was inflammatory? >> i don't. what i liked about the speech is he went after the three uglys, north korea, iran and terrorism and a little venezuela but he was surprisingly and i think effectively nuanced because he was explaining how america first, weaves into the notion of the mission of the united
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nations, every country should do its best to be their best and strong independent sovereign nation with a commitment to fight things like north korea. stuart: you are a financial guy and the president did stress the stock market rally in his speech, the dow faces a record high earlier. you want to talk about the market, how much higher can it go? >> if you look at the hundred years between today and 100 years ago we are in the top death spiral of market performance. take a look at the last three. in 2006 and 2009 you saw this crash. at the bottom of the crash the dow is 6000. today it is three times higher at 22,000. we have come a very long way. no one can say the market is
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cheap unless there is a major catalyst, tax change, performance of these corporations or some infrastructure investment you won't be able to see the market grow. it is ahead of itself because it anticipates coming and. stuart: we have progress on health care, senator bill cassidy says the obama care repeal effort put out by him and lindsey graham is close to 50 votes in the senate. we hear from the wall street journal that $1.5 trillion of tax cuts will be put into the budget. those items are helping the market and they were up 16 points. >> those would be a catalyst into endorse your point speaker ryan said at a speech at harley-davidson that if the lindsey graham cassidy bill gets through the senate he will bring it to the floor. they will not have a conference, they will bring it to the floor
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of the house. they don't have a lot of time, september 30th is a practical deadline but speaker of the house saying if you pass the bill we will skip the conference and go to the floor, give it one last shot. stuart: that is good for the market. you are with us for the hour. a couple quick market pieces, down industrial's up 20, the price of oil hovering around $49 a barrel, the price of gasoline overnight. the average national, $2.61 per gallon. that is the market following a remarkable speech by our president. i look at equifax, another major breach of its computer systems five month before the date of the other massive data breach affecting 143 million customers, that stock is down a bit more today. hurricane maria slammed the caribbean, potentially catastrophic, not my words, that
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is the weather people, potentially catastrophic category 5 storm, that is where it is, forecast to move north in the next couple days, it will hit puerto rico, it is already devastated dominica, we have the latest on where it is headed. live coverage of nigel farage he is next. ♪
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call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ >> we do not seek to impose our way of life on anyone but rather to let it shine as an example for everyone to watch. stuart: there was a very small part of a major speech by our president to the united nations which was really forceful and direct. fox news contributor nigel
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farage. i know you watched that speech. tell us how the europeans react to that speech? how would the brits react to that speech? >> that is vintage trump. all things that got him elected as us president. it was so good it should be bottled in my opinion. i am a supporter. how divination the building behind me, more particularly in brussels and the european union have reacted to that speech? they would be absolutely horrified the trump dared to speak because he dared to speak about the nationstate being the building block for humanity. he dared to speak about the concept of culture within a nation and the need to protect it. he even committed the heresy at the united nations of saying
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mass migration was bad for both the receiver and the donor country. all of those levels, the eu crowd and blairity in london. i absolutely love it. stuart: you are referring to the elites and how they would react to this speech. britain is still in a terror mindset, barely recovered from the terror attack in london and donald trump saying he is going to root out those who finance terror, crush the loser terrorists. i would think ordinary people would support that kind of thing. >> i think you are on the money with that comment. this shows the gulf between pc in britain and europe and ordinary people. you know what? as you say, we have repeated
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terrorist attacks, when it happened in london last week, mercifully not as bad as it might have been, ordinary people, hearing a global leader standing up at the un, we can do all we can to confront terrorism and the threats to our culture and way of life, i have a feeling this president, who has very bad press in the united kingdom, his approval ratings in this country would have gone up significantly once they heard this speech. stuart: i want to digress to peter kiernan who was also with us. this theme of the elites, won't like what our president said because he was very direct. ordinary people might really turn on to it. >> what he did effectively, the president explains how america first is a concept, can be woven into the mission of the united
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nations which is to say there are 193 member nations instead of the g1 and g 20, it is g me first and if you become the best nationstate you can be, with a few shared views and values that are worldwide, that is the best way for the nations of the world collectively to prosper a lot of people will be positively impressed by that. frankly it wasn't as, i would say, ham-handed as people expected. it was a very nuanced, thoughtful, powerful and direct presentation. stuart: i am just reading the headline from the washington post, it says trump threatens to destroy north korea, calls kim rocket man. then you have the new york times which leads with trump threatens to totally destroy north korea.
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and it will be judged as that is what they are going to say over there. >> you will be criticized for saying rocket man. people will -- rocket man on a suicide mission, they are not used do people speaking in such undiplomatic language. north korea threatens the western world's values, we will not stand idly by and allow them to destroy us, whether it is isis or making sure whether mad kim does not get weapons, what this president has done is show everybody actually make america great again is not just something for the usa but a concept to embrace. stuart: nigel farage, thank you
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for joining us. moving on to a totally different story of great concern to all of us, hurricane maria, now a category 5 storm, literally tearing through the caribbean, devastated the island, dominica, went through there last night, it threatens puerto rico with a direct hit tomorrow. the latest on the storm's track moments away. the president also just met with prime minister benjamin and yahoo, slammed a rogue regime his chief imports are chaos and violence, the mayor of israel, coming up. ♪ ♪ put our hands up like a feeling ♪ like a feeling in order ♪
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stuart: 3.6 magnitude quake hit southern california last night. the epicenter was just outside los angeles. a lot of people in social media reporting tremors, no serious damage reported. here's a story we need to follow closely, the wildfires in the west. so far, 2 million acres have
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burned. yesterday we told you early snowfall in montana is slowing the fires a little bit. more good news today, rain bringing relief in oregon. multiple evacuations have been lifted, some people can go back, the rain bringing concerns of a landslide. that has not gotten the attention it deserves because of harvey, curvy -- irma, josé and maria. bad news out there. update on power outages after irma. florida utility say they have restored power to 95% of homes and businesses leaving 371,000 customers of that utility, no juice. most of the remaining outages are in the southern part of the state. it is coming back. meanwhile let's talk about maria, straight into a cat 5 pounding the caribbean islands, dominica overnight. janice dean is with us. we know it is heading towards
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puerto rico but does it hit the eastern coast after that? >> we can't rule that out especially going a week ahead. the cone of uncertainty gets wider and there is the potential for that area of high pressure called the bermuda hard to back maria in towards the east coast of the us. we have to watch for that. no good news out of the store right now, category 5, 160 mile-per-hour sustained winds, it will crush areas that were devastated by irma, the british and us virgin islands, the lesser antilles and puerto rico could have a hit from the most devastating hurricane they have possibly ever experienced, already seeing these outer bands moving towards san juan with wind gusts in excess of 20, 30 mph but the worst in the next 12 to 24 hours, hurricane warnings are up with a category 5 on their doorstep. it could be devastating for them. that is what we are concerned with. here is the track as of 11:00,
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it might go through some structural changes and it tries to strengthen but doesn't matter if it is a high category 4 or low end 5. were you trying to chat with me? stuart? stuart: sorry. you may have heard me. >> if you are going to ask me a question i will answer it. stuart: i was talking to my producer. just arranging what comes after you, nothing could follow you. i will try to figure it out. >> it is all good. when stewart talks i have to listen. the bottom line is there is no good news out of this storm. it will potentially devastate puerto rico. we have to watch the turks and caicos, we it will move east of the bahamas and further out in time the cone of uncertainty widens. bottom line, upwards of two feet of rain, storm surge 9 to 11
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feet, forecast wind gusts in excess of 130 mph in the next 24 to 48 hours, potentially life-threatening devastating consequences for puerto rico. here to answer your questions about the european and gfs model coming close here. as we go further out in time will this area of high pressure push this storm a little more towards the east coast? that is something we have to monitor but the bottom line is the impact for the islands, lesser antilles, british and us virgin islands and puerto rico are going to be devastating. stuart: thank you very much, appreciate it. i have a lot more on this in a second but we are getting reaction coming in to the president's speech, dianne feinstein said today the president used it as a stage to threaten war. more on that in a moment, very adverse reaction from the left coming to the president.
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senator bill cassidy says the obamacare repeal effort put out by him and senator graham is close to 50 votes. more on the gop plan in a moment. nancy pelosi heckled at a news conference, it was caught on tape. that reaction to the president's speech from the left. ♪ don't let dust and allergens get between you and life's beautiful moments. flonase outperforms the #1 non-drowsy allergy pill. it helps block 6 key inflammatory substances that cause symptoms. pills block one
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stuart: now, throughout the president's speech to the united nations the stocking market did not budge, staying with a gain of between 20 and 30 points. the market, actually, is waiting for the federal reserve. we'll get news from them about future interest rates a little later on today. now this, gave you a taste of it earlier. senator dianne feinstein releasing a statement on the president's speech to the u.n. i'm going to give you part of it. the goals of the united nations are to foster peace and promote global cooperation. today the president used it as a stage to threaten war. and there's more. the president missed an opportunity to present a positive action the u.n. could take with respect to north korea. missed an opportunity, she says. and finally, trump's bombastic threat to destroy north korea and his refusal to present any positive pathways forward on the many global challenges we face are severe disappointments.
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the left doesn't like it -- >> rubbish. >> absolute rubbish. stuart: jump right in there. [laughter] >> sorry. i hear that absolutely inane statement. everything she said has been tried before and has failed miserably. finally, we have a leader who spells it out as it should be, putting people on notice you can't get away. what are we supposed to do, hand out can key to these people -- candy to these people? we have to make a threat and be seen to follow through if they don't get the message. stuart: peter? >> we're paying the price for eight years of strategic patience under president obama. that's the strategy that got north korea an h-bomb. now, we have tried under the clinton administration to do a denuclearization, we have tried by removing our tactical nukes under the first bush administration. there is 25 years of bilateral, trilateral, six-party talks with north korea. none of those have worked. those are facts, that's not an opinion. and so going after one more
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sit-down session is not going to move the calculus for north korea. >> and what did not move as well were the financial markets on the implications of this north korea comment. the assets ran the unchanged mark throughout. the markets didn't react to what the president said. stuart: right. i mean, the president was saying the north korean regime faces total destruction. the market did not budge, not at all. 25 points, now it's 31 points up. come on in, please, the former mayor of shiloh, israel, frequent guest on the program, david rubin. you know, the left in this country seems to be saying that the president was inflammatory and that he was in some way bombastic. you were watching the speech. what did you think of it? >> well, we call that politics over here in israel, institute. [laughter] dianne feinstein is just a, you know, the prototype of left-wing politics, and she'll react that way to anything that trump might do.
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i actually was very impressed with trump's speech. i think that we can clearly say after hearing that speech that the age of american naivete is over. stuart: he called out hezbollah by name as a terrorist organization. he called out terror organizations by name. he went flat out, straight at 'em. i'm sure you approve of that. and we saw prime minister netanyahu, i think it was the second or third row, significantly applauding frequently throughout the program. this is the kind of speech that israel wanted to hear and has not heard for many years, correct? >> that's very true. now, people need to understand that all the talk about north korea is directly related to iran. iran and north korea, they're soul buddies, and they're working together to aid each other's nuclear programs. the iranians are providing the
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technical know-how, and the north koreans are getting ready to strike. believe me, what is happening with north korea right now is just the rehearsal for what is going to be happening with iran, because the only solution here, stuart, is a military solution. i'm sorry, you know, people don't say that. they'll talk about sanctions and, yes, i think president trump has to decertify the iran deal. but -- and the next step, of course, would be more sanctions. but sanctions are not going to stop north korea and iran. stuart: so you're saying in the long run, you're keying off the president's speech, you're saying in the long run there is a military option, and in all probability it will be used, north korea and iran. that's your neck of the woods. >> i did not say that there is a military option, i said that the
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military option in this case with iran and north korea is the only option. it's the only option that's going to work. the sanctions have passed already. yes, they should continue them to weaken north korea and to weaken iran, but sanctions are not going to stop these two countries from acquiring and eventually trying to use nuclear weapons. stuart: that's a very hard line, david. i've not, i've not -- you're shaking your head. hold on a second. peter kiernan, you're shaking your held. >> well, i think it's accurate to say we've nearly exhausted all options. the difficulty is if you think of the town of richmond, virginia, that's how many american citizens live in south korea, majority of them in the greater seoul area. this is a very, very risky place to employ or to deploy a military strategy. stuart: okay. back to you, david, last word to you. >> i'm not saying that --
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stuart: go ahead. >> stuart, i'm not saying, i'm not saying that it is not a risky strategy. there is risk in war. it's unfortunate, it's sad, but there's risk in war. i would much rather take that risk over there in south korea, take that risk in iran than to have that risk apply to israeli citizens and to american citizens. at some point we have to make a choice. stuart: we understand and, david, we appreciate your being on the show this morning on a very important day. much obliged to you, sir, thank you. >> thank you, stuart. stuart: next case, larry elder, nationally syndicated raid yes talk show host. -- radio talk show host. larry, we just heard from senator dianne feinstein who did not approve of the president's speech. she said he had used the united nations as a stage to threaten war and called the speech, basically, bombastic. now, she is your senator. you're a california guy.
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[laughter] what's your response? >> i'm surprised. dianne feinstein is normally the adult in the room as far as democrats are concerned. she recently gave a talk in the bay area and said that donald trump could be a good president if he grows, and she got booed. so she often makes common sense statements that get her kind of booed by some of her own constituents. so, frankly, i was surprised. i thought the speech was a well-delivered speech, a patient speech. he said that our patience is over. we've been dealing with you guys for eight years, you continue to get more and more better, get better and better at nuclear missiles. you've shot one twice over the air space of japan. can you imagine what we would do if canada shot a missile over our air space or mexico? this is outrageous, and donald trump called 'em out and called out iran, called out cuba, called out socialism, called out pass irresponsible immigration. i thought it was a tour de force. of course the left is not going
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to like it, but i would have thought dianne feinstein would have been more measured in her creatism. i'm -- criticism. i'm very surprised in her, i am. stuart: i'm going to make a distinction between ordinary people who understood this was the president speaking directly about the issues of the day. i see a difference between the elite's response and the people's response. and you? >> absolutely. when he talked about mass migration and talked about it falling on the shoulders of the poor, he's right on the money. stuart, i told you before my father, for a living, cleaned toilets until i was 10 years old. don't tell me americans won't do their jobs. car wash came out in the '70s and had black people working at a car wash. you cannot find people that speak english, frankly, at some of these car washes. what donald trump has talked about is something that george borjas, the economist from harvard, has said, downward pressure on wages for unskilled people living in this country.
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one more comment. cesar chavez was not a civil rights leader, he was a union leader and hated illegal inflationing and cooperated with u.s -- immigration and cooperated with u.s. authorities to stop it. stuart: okay. i've got one more for you, larry. dreamers. i use that expression, dreamers, crashed a press conference in california. they heckled house minority leader nancy pelosi. i know you've seen it. we're going to roll tape for our viewers. roll it. >> right. [inaudible conversations] >> yeah, i got it. i got it. as we fight the fight -- >> [inaudible] >> you don't, it's clear, it's clear you don't want any answers. let's stop it now. [inaudible conversations] >> i want to tell you something, you can -- >> [inaudible] stuart: she was eventually shouted down, larry, as you know. what do you make of this? i find that extraordinary. >> it is extraordinary. can you say sense of
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entitlement? stuart: yes. >> my goodness, they even called her a liar, and she's on their side. this is the kind of thing that really angers people when they have demonstrations, for example, waving the mexican flag. do you want to make america america or do you want to turn america into the country that you don't want to go back to or go to? it's outrageous, and in my opinion, it's going to harden people's hearts and make people even more resistant to giving these so-called dreamers a pathway to citizenship. and by the way, the fact that the media even calls them dreamers and uses terms like undocumented means they've won a victory because they are illegal aliens as defined by the u.s. code. stuart: one of these days we'll see a shift in california politics, but i think we're going to have to wait a while. thanks for joining us, larry, appreciate it. >> my pleasure. stuart: now this. remember when president trump claimed that members of his team were wiretapped? he was dismissed all across the board. a new report finds that his former campaign manager, paul manafort, was wiretapped by the government before and after the
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election. napolitano is on that one next. ♪ ♪ whether it's connecting one of the world's most innovative campuses. or bringing wifi to 65,000 fans. businesses count on communication, and communication counts on centurylink.
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(honking) (beeping) we're on to you, diabetes. time's up, insufficient prenatal care. and administrative paperwork, your days of drowning people are numbered. same goes for you, budget overruns. and rising costs, wipe that smile off your face. we're coming for you too. at optum, we're partnering across the health system to tackle its biggest challenges. at optum, we're partnering across the health system it's a highly contagious disease that can be really serious... especially for my precious new grandchild. it's whooping cough. every family member, including those around new babies, should talk to their doctor or pharmacist about getting vaccinated. ♪ >> i'm nicole petallides with your fox business brief. another day, another record. the dow up for the eighth day in a row and now looking at a sixth straight record close as well,
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so we are seeing moves to the upside for the s&p 500 as well, and the 58th record for the dow since the electionful we're up about -- election, we're up about 22%. florida insurers, mixed bag today. we're watching the cost of irma as it will begin to build. so far, take a look, $2 billion roughly. policyholders have been putting in insurance for damage. 88% of the claims so far residential property owners of which about 4% have been closed thus far. taking a look at these insurers for the week, heritage, universal and fed rated all down for the week, down for the quarter as well. flooding is one part of it, but high winds -- which is covered by most insurance -- has been the greater damage. ♪ ♪ 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
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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: israel's prime minister, benjamn netanyahu, was clearly very happy with the president's speech at the u.n. this is a shot of him right there as the president finished. and mr. netanyahu the went on to issue a statement, and here it is. in over 30 years in my experience with the u.n., i never heard a bolder or more courageous speech. president trump spoke the truth about the great dangers facing our world and issued a powerful call to confront them in order to insure the future of humanity. that just in to us after the u.n. speech. and now this, please. a new report says former trump campaign manager paul manafort was wiretapped. all rise, judge andrew
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napolitano is here. by the obama administration before and after the election, correct? >> yes. now remember, manafort in the time before the administration was a tenant in trump tower. so he was wiretapped in trump tower as a tenant, then wiretapped in trump tower as the president's chief political confidant and the manager of his campaign during the latter part of the republican primaries and the republican convention. stuart: okay. >> and then wiretapped after he left the campaign back in trump tower as the tenant during the transition period. were the president's communications with him caught up in the wiretap? it would be almost inconceivable that they were not. so when donald trump claimed obama tapped my wires, as odd as that phrase is -- i believe i'm quoting the then-president-elect precisely -- there was a strong measure of truth to that, and the fbi's now admitted it. of course, this is the same fbi
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whose director stated under oath we don't know anything about wiretaps at trump tower. stuart: now, if the fbi or whomsoever did the wiretapping, if they were going after a suspected spy operation involving foreign nationals, i guess that's okay. but if you're also going after someone who is also the campaign manager of your political opponent, that's not okay. right? >> it depends on the nature of the wiretap, and it depends on what was done with the information gathered from it. if this was a foreign intelligence surveillance tap, that information can go to valerie jarrett and susan rice in the white house, and they can share it with the president. stuart: so they could have looked at what president -- candidate trump was actually doing on his campaign. >> yes. stuart: they could have done that. >> yes. stuart: and afterwards as well. >> yes. if it was a traditional wiretap, the type i used to authorize where the government goes to a judge in secret and states under oath what evidence of crimes
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they have and what evidence of crimes they believe will be in the place to be searched, that cannot be shared with the white house. but the fruit of that wiretap is generated for a criminal prosecution, and they have -- i don't want to bury the lead. the lead is what we're talking about, but another important story is that part of this is they have apparently told paul manafort's lawyer, tell your client to expect to be indicted soon. stuart: what's the importance of that? i mean, okay, the indictment of the former campaign manager is important in and of itself -- >> correct. stuart: how does that relate to the obama administration spying on, wiretapping him as campaign manager? >> we don't know the answer to that because we don't know which type of wiretap it was, the one that can be shared with the white house or the one that is only used by criminal investigators who have blinders on and can't share it with anyone else. stuart: any way you slice it, president trump was right, he was spied on. >> yes. i wonder how many networks will
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now say the president was right? stuart: zero. well, we will. fox news will, but nobody else will. judge, you're all right. thanks very much, indeed. [laughter] >> stuart, thank you for saying i'm all right. stuart it's my expression. >> he's a lovely judge. stuart: when you were a judge, you authorized wiretaps? >> yes. stuart: eavesdropping? spying? >> well, the fourth amendment expressly permits them when they are based upon probable cause. stuart: that sounds like an excuse to me, but you're welcome to come back on the program. >> the fourth amendment is something they don't have in great britain? stuart: no, they don't. [laughter] you're killing me here. >> by by the way, the president was wrong when he said the american constitution was the oldest. yours, which is not written down, is the oldest. stuart: exactly. magna carta w lest we forget. i was there. [laughter] senator bill cassidy says the obamacare repeal effort put out by him and senator graham is close to 50 votes, getting 50 votes in the senate. former hhs deputy secretary alex
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stuart: well, is this something becausep senators bill cassidy and lindsay grimm propose a new health reform bill, they say they are close to getting 50 votes for it in the senate. come on in, please, alex azar who knows a thing or two about health reform and health care generally. as i understand it, this proposal is as follows: block obamacare subsidies, repeal individual and employer mandates, repeal the medical device tax and give blocken grants for medicare -- block grates for medicare to the states. >> medicaid. stuart: i'm sorry, medicaid to the states. that's a rough outline of this thing. do you think it's got a shot at getting 50 votes? what do you saysome. >> stuart, it's a rapidly changing situation, is i'm about to give a speech and yesterday morning i had a speech that said that reconciliation, that the last gasp of reconciliation was cassidy-graham. last night as i was talking to people here in washington, i think they've got close to 48
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votes and are very close. i think john mccain very well may get onboard because governor doocy of arizona has come out strongly in favor of this bill and, of course, lindsey graham is mccain's best friend. and rand paul seems a pretty firm against, sue collins is ever going to vote for repeal and replace. that means the senator from alaska, lisa murkowski, is where the action is, i believe, right now. there are two ticket toss getting her support, if you can. one is they're probably going to have to throw overboard the one-year prohibition on funding for planned parenthood, the other something oblique like for any state that has a state capital you can only get to by airplanes or by boat, there is hereby appropriated half a billion dollars in stabilization funds. stuart: so what you're saying is that they are very, very close, a little tweaking might do the trick, and you think they could get 50 votes which means it would pass in the senate. would it then go to the house,
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and what would the house do with it, do you think? by the way, as we're speaking, we're looking at insurer stocks, hospital stocks, medical stocks generally, all of them down perhaps because this particular compromise looks a likely deal. so what would happen if it goes to the senate -- to the house, rather? >> well, i think the house members are going to be in a bit of a box, especially house members from blue states -- california and new york, new jersey -- that have gotten medicaid expansions and have generally high expenses because that money's going to be reduced. but at the end of the day, i do not see how the republican house of representatives does not pass a piece of legislation that fundamentally changes obamacare from being an individual entitlement to a state block grant program and controls the rate of growth of medicaid into the future. now, is this a conservative's dream? no, it's not. but it is not obamacare. stuart: that's a big deal, isn't it, controlling medicaid in the
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future. that's the big deal here. do that and you've really changed obamacare. alex, i'm sorry i've cut it so short, but that really is good and vital information. thanks for joining us, sir. always appreciate it, okay? i promise you, more "varney" after this. ♪
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stuart: what a day it has been. extraordinary speech by the president, very direct there at united nations threatening to totally destroy the north korean regime. look at that, market up 35, 36 points. peter that is about the federal reserve, isn't it? >> that is about the fed. if you believe this to be boring tomorrow, it will be a very slow reduction in that interest of the balance sheet. stuart: you realize we talked about the fed without getting buzzed.
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[busker] liz: feel like making fun of people using the term by fir indicated binary markets. i don't know what they're trying to say. stuart: peter kernen can explain it in five seconds. three seconds to cavuto. it is yours. neil: keeping eye on mother nature. hurricane maria is a cat-5. soon to hit puerto rico. ratcheting of supplies and you were with puerto rico's governor yesterday talk about many to get out of puerto rico if they have means to do so because this will be a doozy of a storm. it slammed caribbean island of dominica. cat-5, rooftops torn off. other caribbean island are certainly in its path. a guy who saw the busy season coming, we hope it is wrapping up, weather 2000 chief


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