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tv   Varney Company  FOX Business  October 4, 2017 9:00am-12:00pm EDT

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lives lost in las vegas, families will have to deal with chronic illness and we are praying for them. maria: good to see you, good show, thank you. we will see you tomorrow. varney & company begins right now, stuart. stuart: new developments in the las vegas investigation as the comforter in chief flies to the scene of the massacre. good morning, everyone, the shooter's girlfriend marilou danley came back to america last night landing in los angeles taken under away to undisclosed location. she is, again, a person of interest. what does she know? one of danley's sisters who lives in australia, paddock sent her two weeks before the shooting. the question remains, why did paddock do it and was anyone involved? no firm answers yet.
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comforter in chief and support in chief in las vegas. yesterday testifies organizer in chief and he dropped a financial bombshell. he talked about wiping out puerto rico's 73 billion-dollar debt. wall street would not be happen if the puerto rican bonds they have bought are worthless. a jam-packed show for you today. las vegas, the presidency, a tax cut update that you'll really want to hear and the 44th record for the dow jones average. varney & company is about to begin. ♪ >> go that way, go that way. [sirens] >> they are shooting right at us, guys. everybody stay down. >> where is it at?
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[inaudible] >> out of a window. >> go that way. stuart: police there releasing chilling body cam video of the shooting. now we have this, pictures from inside the shooter's room. there we have them right there. that's inside his room. you could see the rifles laying around there. of course, police are still looking for a motive, the girlfriend, she just returned to the u.s. jeff flock, he's in las vegas, give me the latest on all of this, please, jeff, wrap it up. >> number one i'm standing on the strip which has reopened, traffic reopened this morning, that's one headline, marilou danley is the big headline, she's a 62-year-old companion from the philippines of stephen paddock, she's back in the u.s. overnight as you reported. she should be back here in las vegas at some point. she is cooperating with authorities. she is not under arrest, but authorities told us yesterday and late last night that they're not ruling anything out.
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apparently a $100,000 was wired by stephen paddock to the philippines, we believe it was wired to her before this all took place. is that some sort of payoff? was it some -- some sort of a knowledge by this? at this point we don't know and did he just know it was going to happen and give her money and was she truly sent away as the sisters have alleged, none of this do we know and we still don't have a motive of what we will hope to know by the time today is done, stuart. stuart: jeff, that is the big question, why did he do it. jeff, we will be back to you later. let's get to the markets, stocks in record ter. >> i, -- territory. looks like the market wants to go up. you're smiling. >> it's incredible. no, really, after the las vegas
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tuned in, the markets are going to be in bad shape, the market wants to go higher, it's a combination of powerful politics, very positive news on tax reform, budgets, et cetera, and also an economy that really is strengthening. it's not just chugging along. we have huge tail-wins from europe and asia. good manufacturing numbers coming out. look, the president has made it clear, this is his number one priority and even though there's a lot of messes in congress and things aren't going as quickly as he would like, there's deregulatory pressure and taken down regulation that is have hurt businesses, businesses get that and they are positive on their prospects. stuart: central fact. >> it is totally. stuart: money is strengthening. hope of a tax cut. up she goes. >> exactly. stuart: one quick one for you, this is about puerto rico. the president alluded to the idea that we might wipe out puerto rico's debt. let's roll that tape, please.
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>> we have to look at their whole debt structure, you know, they owe a lot of money to your friends on wall street, we will have to wipe that out. you can say good-bye to that. i don't know if it's goldman sachs, you can wave good-bye to that. stuart: you've lost your -- >> it's going to be renegotiated, which by the way was already happening before the hurricane. i mean, they passed a law last year putting up a federal oversight board just like they did in detroit to basically remodel the economy and restructure the debt. stuart: by the sound of what the president was saying, we, the federal government, america we are not going to jump in there with tens of billions of dollars to bail them out. >> mick mulvaney is having coffee saying, what. don't take the president word for word. i think it was done in the spirit of let's really help puerto rico but the fact remains
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wiping out the debt is not going to be happening. >> no, they've got to restructure the debt. most important, and i think this is absolutely no where on this, there has to be a way that puerto rico goes forward and i talked to people involved in the restructuring of the economy, there's no such plan yet. in detroit there was a plan from the beginning and in puerto rico it has been a dawn ward spiral and no one sees how to reverse that. stuart: they have all this money, where did it go? it's 44 years old. >> median age of power plan is 44 year's old. stuart: where did it go? >> employee pension funds and benefits, hugely bloated bureaucracy. it's kind of like hartford on steroids. same issues are propping up in our country and puerto rico is a terrible example. stuart: that has to be separately from hurricane relief. hurricane relief first and foremost, you safe people, you
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get them water and food and then you get with a 73 billion-dollar debt. >> for years and years, decades, they prospered only when foreign -- well, u.s. companies went in there and putin vestment capital into the business and hired people and so forth into the country and then when that was repealed under bill clinton, it should be noted, hillary clinton is very concerned about puerto rico, but bill wasn't so much, then the economy started going to decline. there's no answer. stuart: no, there is no answer. liz: there is an answer. turn to it tax heaven. stuart: but it is a tax heaven. >> a deeper one. stuart: they don't pay federal taxes. tens of billions of dollars for people who have not paid income taxes in the united states. >> corporations pay about 20%. stuart: by the way, coming up in the next hour, we will have white house director mick mulvaney, he will be on the show. i'm going ask the same question, if we wipe out puerto rico's debt, who takes the hit, you'll
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hear his answer around 10:15 this morning. now, president trump says the devastation from hurricane maria had thrown his administration's budget a little out of whack. watch this. >> i hate to tell you, puerto rico, but you're thrown our budget a little out of whack because we've spent a lot of money on puerto rico and that's fine, we saved a lot of lives. stuart: he does speak directly, does he not. [laughter] stuart: jennifer gonzález colón. he received criticism for saying that about the debt, would you say overall the that president trump is doing a good job in puerto rico? >> i mean, he's doing a great job in the island. i mean, we were having federal officials and federal cabinet members before both hurricanes irma and hurricane maria, we never received this kind of devastation, the coordination with the federal government has been better than ever, of
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course, there's still a lot of work to do. we still have more than 80% of the people without communications, 90% without power, less than 40% without water, but we are receiving 1600 -- sorry, 16,000 -- stuart: i'm going to jump in. the president is receiving a good deal of criticism from democrats, from the left that his response to puerto rico's devastation has been slow and insufficient. you're saying that's not the case. >> this is not the case. we received a major devastation, major catastrophe in the island but we have the federal government by our side the whole way, even before the hurricane hit the island and after. the visit yesterday of president trump with first lady melania, and other members of the cabinet is the best way to show that the president is really concerned about what's going on in the island, he even -- talking about other issues related to the
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island that will help us a lot even praising the work with the local governor and local governor of the president. of course, this will take time. this is not an easy situation. but the federal government is there and is going to continue to be there all the way with us. stuart: that is the issue of the day and we appreciate your input, jennifer gonzález colón, thank you very much for joining us, ma'am. >> appreciate it. stuart: new details on the very big yahoo hack, much bigger than anyone thought and now say that every single yahoo account was hit, that is 3 billion users. 145 million americans had their personal information stolen when equifax was hacked earlier this year. that's not stopping the irs from awarding equifax a 7 million-dollar contract to, quote, verify taxpayer identity. does that raise a few hackles with you and our audience? >> yes. stuart: yankees, they won the
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american league wild card game last night and they were behind three runs, they beat the twins eventually, 8 to 4. they play cleveland indians in the next round. thought you might want to know we were going to ask about it but we weren't sure when. so thanks. being upfront is how edward jones makes sense of investing. ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone
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stuart: we have the amazon story of the day but it's not what you're expecting. amazon is getting a tax bill from the europeans. tell me. >> 293 million-dollar, you're not paying fair share, you got fair and this can affect dozens of companies, busch, ireland, you gave unfair state aid to apple. this is like the federal government going after u.s.
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states for giving breaks. you need to get the corporate out of the eu before they take it out in taxes. stuart: that's a good point. if we drop america's corporate tax rate, maybe that money will flee europe and come here before they get it. liz: sorry, my hair is on fire. stuart: don't go for it. liz: this is a big deal, these are companies that apple, 15 billion-dollar tax bill that the eu wants. 15 billion bucks because they got a tax break from ireland, ireland is saying, wait a second, we were allowed to act independently and give tax breaks to companies. stuart: yes, that's what ireland would say. ashley: prime minister who is in european commission. one rule applies there, another rule applies over here. >> i think companies are under attack on all fronts, right?
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stuart: they are jealous. liz: leveling the playing field. it's flattening. stuart: yeah, yeah. we are still in europe here. fight, it's getting tense there. what's going on. ashley: the leaders of catalonia, autonomous region of spain, you're seeing violence here when they held independence vote that said was totally illegal but i didn't think it would get this past, huge crisis for spain, have the king of spain address the nation last night and did nothing to placate anything. what does that do to catalonians, they are more fired up, they will declare independence in the coming days. how does that get reaction from
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madrid? this is really very, very serious situation for spain stuart: wait a second, why should i care? i mean, i'm an american, why should i care? >> only because this is evidence of further discord in europe and actually spain is a country that has been on amends but this is costly to spain. the big mistake was sending troops in to prevent the vote. the vote turnout was not going to be very big. ashley: 16% of spain's population provides 19% to have gdp. stuart: they want out. ashley: they want out. stuart: the scotts, the english. it's not funny. it's not a negative for america. it's a plus. ashley: sure it is. stuart: down goes the euro and
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up goes the dollar. ashley: unless you're an american company. [laughter] stuart: we opened market in about 12-minute's time, 15 points, please remember we closed yesterday at 22,141. more varney after this.
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stuart: the former ceo of equifax, he took a lot of heat on capitol hill because of massive data breach. equifax stock taking a hit. look, all the way down. i want to bring in senator john kennedy, republican from louisiana, because, sir, i have news for you. i think it's news to you. we've just learned that the irs has awarded a multiu.s. stock market-- multimillion dollar fraud prevention contract to equifax. do you have any comments, senator? >> that's news to me. when i finish here, i'm going to a committee hearing at which the equifax president will be attending. i think i might ask him that question. stuart: i'm sure you should. >> i was talking to my friend, stuart, here is a question for you. i didn't know that. stuart: we just got it in
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ourselves. feel free to use it as a question. >> i will. stuart: some republicans, the party, is reconsidering getting rid of the state and local tax deduction, reconsidering getting rid of it. in other words, it might stay. what say you, sir? >> i don't know where the new york times gets this stuff. we are discussing a lot of things. stuart: i spoke to republicans, a lot of republicans. >> well, the bill was not written, stuart. i know that you're seeing all of the analyses put out by the think tanks, they must be clairvoyant because i can tell you the bill is not ready. stuart: it is under discussion and raising the hackles of republicans in the house who come from high-taxed states like new york and california. >> one of the things being discussed is changes in the tax code. i guess that's obvious. look at the math, okay, we want to reduce taxes because i think it will stimulate the economy
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and actually help the government and collect more taxes, but i've never said that a tax cut will pleatly pay for itself. no reputable economist is going to contend that. so that means that unless you want to deficit to balloon, you have to look for other changes, offsets, if you will, state and local tax break deduction is one of the things being discussed among hundreds, but i don't -- a decision hasn't been made. stuart: where do you stand from it, senator? >> i'm willing to look at any provision in the tax code. here is what i think we ought to do. we ought to go through every credit, deduction, exemption, exclusion and ask ourselves why is it there. if it's there to create jobs, is it doing its job, double down on it and it's there because someone had a good lobbyist, reconsider it. stuart: how do you feel extra
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high bracket for high-income earners, that's another proposal that we are hearing about? >> i'm not sold on that yet. i'm looking to cut taxes and not raise taxes and i hear this coming from democratic friends. you just want to get a tax cut from the rich, that's not true and they know that. the thing we are discussing right now, the proposal we are discussing right now will do more for ordinary people, middle-income taxpayers than anything this place has done in 50 years, they know that. stuart: senator john kennedy, i regret that i have to keep it short. you have to go to the committee meeting with equifax guy and i'm sure you will ask the question about the arrest. best wishes from stuart varney. >> i am going to give you full credit, stuart. stuart: thank you very much, so generous of you, mr. senator. we will see you again real soon. thank you, sir. >> thanks, man. stuart: we will open the market in four minute's time, we will be down a fraction. please remember we closed at
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stuart: it's hard to contain the excitement about the stock market these days. we may be distracted by other news events but let's not ever
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forget that this stock market is on a tear and has been since the election. we closed yesterday at 22,641. that is a gain of 4,500 points since election day. bang, it is wednesday morning, 9:30 eastern. we are running, we are up. we are still up. [laughter] stuart: we are down 2 points. okay, we will take that. when we opened them all up, even split, winners and losers dow. i think it's the same story on the nasdaq. fractional loss, yes, there you go, down .16%. news of the day, amazon has been ordered to pay nearly $300 million by the europeans. it's all about illegal tax advantage. that's their words, not mine. don't forget general motors, this calendar year, that stock is up 20%. it's up nearly a 30% just in the
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last three weeks. what's going on with gm? is it because they are going all electric? i can't believe. 43 bucks a share. heads up, ashley. [laughter] stuart: studying. ashley, liz, thank you very much for joining us. liz: ashley: good to be here. stuart: the only man to make a billion dollars off varney & company. the market wants to go up. it's not stopping here. what say you? >> it wants to go up. stuart: wait a minute. you were cautious just a couple of days. >> i'm still cautious. we haven't gotten back into them. i don't think it's time to buy just yet. stuart: you missed the latest rally. >> i did nises last leg.
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stuart: thank you for your honesty. stuart: i have to get to amazon story, they've been hit, a hefty tax bill. it's not as big as i thought it might be, $300 million. liz: eu is saying, you amazon, you're playing unfair, you got and illegal tax break, you need to pair your fair share. we will slap you with 300 million-dollar tax bill. apple is being chased after by the eu, basically say to go ireland, we will drag you into the court of justice and apple may have to pay 15 billion bucks in back taxes. it's like the federal government going after local states for giving tax breaks. the congress better act on that repatriation of taxes for corporate tax overseas before the eu taxes it. stuart: underlying story is the europeans fining big-american technology companies. ashley: exactly, how much of the eu gdp is made up because it's
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almost like a weekly thing? stuart: i know you have something with astonishing number. tell us. >> you're going to see a fine of $10 billion plus against one of the four dot com big. he points out, the property values aren't rising and colon but palo alto. europe is getting disadvantages of the growth of the dot coms. the war against these companies will begin as wars in the continent of europe. stuart: by the way, mr. gallo welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead another story, the yahoo hack, it is much worse than anyone thought, all three billion yahoo
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users have been hacked. my question is, why should i bother with the cybersecurity stocks, they don't work? >> well, you can't just give up completely. the message is you have to let go of the yahoo e-mail account you have been using, stuart. switch over to gmail or something. there are smaller companies out there playing this market. but i think -- stuart: look at it. checkpoints, whatever, why should i invest in them? >> you shouldn't, none of them have a solution. accompany that comes up with a solution will be a gold mine, platinum, it's going to hit it out of the park. a couple of small companies that have interesting technology. i don't know if they're going to get public or get bought before they go public. liz: this is a state-sponsored act who went after hackers and said go and break in. stuart: what about all the other
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hacks? ashley: always a step ahead of security folks. liz: 4.5 million. stuart: here is your homework, should you choose to accept this, i want you to tell us publicly which cybersecurity companies have new technology which might actually keep your information secure? >> okay, i will keep you up to that because i'm watching that closely. big money. stuart: check the big board. we turned positive, up 9 points, 7 points, 22,650 basically, that's where we are. look at the seed company, that's what they really are, monsanto, better profits, better sales, the stock is up just a fraction at 120. weak sales at pepsi. it says its north american beverage business has been slowing. i think it's been slowing for a long time. they say it.
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it's down 2 and a half percent. another intriguing stories, google, they are working on a new smart speaker. they want to rival the amazon echo. jack, this is all about voice activated computing power in your own home. >> this is not just you having chat in kitchen, controlling, thermostat, security at some point. amazon has early lead here. the record of the other dot com giants is not good. i would expect amazon to hold on. stuart: echo still wins, you say? ashley: how easily can they be hacked? 110 or something. >> i agree with jack. amazon has a great head start. their devices, you know, alexa, the spoken alexa, all the products, a line of products that have it are integrated with many more products and
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applications than google has to far. google is two years so far. liz: can you ask alexa, who is hacking me. stuart: alexa, or whatever it is, turn on the tv, i want fox business. >> you can do that now. yes. stuart: okay. ly buy it. [laughter] stuart: very important story. microsoft, okay, i own a little bit of this company. microsoft is rolling out new high-end virtual reality head sets. okay. so what, are you going to buy one? are you going to buy the stock? >> we own the stock, love the stock. it's for game's occasion, that's a big deal. i don't think it's a money driver for microsoft. stuart: okay. ford motor company is putting more money into electric vehicles, that's the story. ashley: people argued that ford has lagged behind. they did get together with lyft and autonomous research. new ceo, we are going to get on board big time, all of our cars
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will be internet connected by the time 2019 rolls arnold. we will spend more money on the electric vehicle, the autonomous vehicle, technology, but we know what gm said just the other day, all our cars will be electric. makers to have f-150 pickup truck. stuart: all of us by 2030 will have electric car. >> 2030, one-third of cars will be combustion engines. liz: electric grid better be ready for all of this. stuart: extraordinary prediction. >> it's because you're thinking of preius's. the muscle cars of the future. stuart: now you're talking.
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>> ford is behind on the curve on this. we own ford. it's been underperformer for a long time. i picked the wrong stock, i should have gone to gm. stuart: incredible. >> hurricane damage and have to replace a lot of cars. stuart: i can't remember seeing a company like general motors go from 33 to 43 in a couple of weeks and it's done just that. >> it's about technology. stuart: tobacco companies will start running ads from 1999 trial about negative effects of smoking. antiads of tobacco. liz: 18 years, the federal lawsuit. when was the last time you saw antismoking ad anywhere. smoking kills 1200 people a day, highly addictive and we were part and parcel of intentionally designing cigarettes to cover.
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stuart: british american tobacco up. >> one of the great giveaways was banning tobacco companies from advertising. you don't have to. stuart: keep your market share of your brand because nobody can have advertise alternative. don't you love it? thank you very much, indeed, jack. you have your homework. we are up nearly 20 points. 22,661. i'm trying to do the math. we are therefore 339 points away from 23,000. don't you love it? all right, serious subject, following a mass shooting in 1996, australia rounded up and destroyed automatic and semiautomatic guns and since then no mass shootings in the country. here is the question, would that tactic work in the united states? that's a good question, we will answer it. warren buffet blasting president trump's tax plan, high corporate
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taxes are not hurting his businesses. what will newt gringrich say about that one? we will ask him in our 11:00 o'clock hour. we have more varney for you in this hour coming up
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stuart: all right, we have a modest gain for the dow, it's up
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13, 14 points but we are well above 22,600s as of now. read it right there. mylan surging, fda has approved generic version of top-selling multiple sclorosis drug. airline, free travel for las vegas victims' families. nicole: the story is a sad one and all about vegas and the people who have passed and those injured. free flights from southwest airlines and allegiance for family members of those that have been obviously -- deceased or wounded from the massacre and we are seeing also it's five family members. they are gruesome that they can transport bodies as well. this is southwest airline and they are talking about hundreds of flights a day and many people actually ran across active runways and were hiding in the
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allegiance area. stuart: after the shooting in 1996, australia, governor banned automatic and semiautomatic weapons. there hasn't been a mass shooting in australia. john is with crime prevention research center. is it your position that getting rid of guns, if we could do that, would not help, make your case. >> well, look, i mean u france which has much stricter gun control laws than australia. australia didn't ban semiautomatic guns, destroyed a million and had to get certain licenses. france has much stricter rules. you completely ban semiautomatic
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guns and they've had many attacks with machine guns. terrorists there seem to have been able to get all sorts of weapons. stuart: your position seems to be like, you can ban anything you like, you can make rule changes any which way you like but essentially the bad guys in america will always be able to get guns, is that your point? >> well, yeah. look at this killer in las vegas, he had wired his car ammonia nitrate bomb. let's say he hadn't been able to get a hotel room on the side of the hotel, would he have taken his car and driven it into the crowd and had it explode? i mean, who knows -- who knows what his alternatives were there. stuart: what about banning modification devices like the bump stock or is also called, i think, the trigger crank, supposing you have to ban those devices which allow you turn a weapon into a automatic rapid
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fire weapon, what would happen if you banned them? >> well, i mean, you can try to ban them, i have no problem with banning them. the problem with a lot of the laws, i don't think it's going to make a lot of difference. i wish there were simple things that were there. i mean, the one thing that everybody seems to have been talking about from yesterday morning or from monday morning on, universal background checks, that's been the big thing that they have been pushing, yet it wouldn't have stopped this attack. even though president obama brought it up after every mass public shooting in his administration, i wouldn't have stopped one of those. i wish -- the relatively simple things that people can do to get around the type of regulations. it's kind of like the discussion we have about magazine, magazines are incredible easy things to make, boxes with a spring. people with metal workshop can put one out in a couple of
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minutes. who are the ones that will be banning, law abiding people who obey the rules, you're not making it much more difficult for criminals to get them. stuart: john, i have 20 seconds, can you tell me if there's one thing that you would recommend that would help cut down mass shootings? >> generally to get rid of gun-free zones. steven scalise is a perfect example. dc regulations prevented a number of congressman, at least six who have own concealed carry permits from being able to carry because they were banned in dc and they were banned going back after work to work afterwards. the vast majority take take place where victims aren't allowed to go and defend themselves. stuart: i don't think this debate is over at all. john, thank you for joining us. >> thank you. stuart: where are we up in the market, up 10 points. president trump talking about
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wiping out puerto rico's massive 73 billion-dollar debt. it was incurred before the hurricane. if we do that, who takes the hit? judge napolitano is next. what powers the digital world. communication.
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stuart: well, will you look at this, office depo, a stock
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that's really down. 18% lower. announced a billion dollar acquisition of another company, information technology company and, b, it says it has a weak forecast. down it goes. 18% on office depo. i think that's a retail ice age story, ashley. puerto rico, president trump suggests wiping out their debt. judge andrew napolitano is here. first of all, what exactly does he mean by wiping out the debt? i don't want to interpret the president. >> that's why i'm smiling because we don't know what he meant. we know how it was interpreted this morning that somehow by some means, perhaps a combination of shave and a haircut and bailout, the bond holders would be made whole by the taxpayers. stuart: i didn't read it that way. yes, i don't think this president is going to bail out
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$73 billion worth of debt on puerto rico. he's not going to give them 73 billion to pay bond holders. >> he doesn't have 73 billion to give. only congress could do that. is there a political will to congress to bailout puerto rico when you have states like new jersey, california with trillions in debt. stuart: not going to happen. >> maybe do it with chuck and nancy. [laughter] stuart: i'm going to ask mick mulvaney, the budget director later on the program -- >> congressman, budget director mulvaney said on the air force one gaggle on the way home, we are not bailing them out and candidate trump said a year ago, almost to the day, we would not bail them out. stuart: i don't think he will bail them out. you let the bonds held a lot by wall street, just let them crater. nobody will lend you money in the future but that's how you do
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it. do you have time to answer a question on the irs? >> yes, i do. the fact that this crack pot that committed the murderers was exirs agent? >> yes. stuart: this was not the story. let me tell you the story. [laughter] stuart: your favorite agency has awarded a 7 million-dollar contract for fraud prevention to equifax. >> this is only in america but because it was a nonbid contract tells me it was sitting there a year or so before they knew what the problems were. not that contracts are very rare in government today. professional service is being performed that is excluded under the public bidding laws. stuart: nobody was ever brought in what i would call justice in the irs scandal of intimidating president obama's political opponents. >> this is almost a rogue agency. why is it still being run by the
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president -- by the person who presided over, knew about, looked the other way when committing crimes. why did the jump, jeff sessions, justice department replaced him yet? stuart: don't ask questions which i cannot answer. [laughter] stuart: what a guest. [laughter] stuart: thank you, judge, we will see you later. president trump, i think he's taking on the role of comforter in chief. he's going to do that today in las vegas. he visited puerto rico yesterday. he's on route to vegas right now. the left is not real happy about this. the last thing the left wants is to see our president looks good as comforter in chief. my take on that coming up in a couple of minutes finally meet . nice to meet you too. your parents have been talking about you for years. sorry about that.
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stuart: in the last for weeks, the president has been to texas, florida and puerto rico. today he goes to las vegas. he is doing what all presidents do, comforting the bereaved, organizing relief and supporting authorities on the ground were dealing with disaster. during this time, his approval rating has gone up. he's done the right thing and he's done it well. the left is not happy about this. the last thing they want to see is president trump looking good. they thought they could run him out of office by now. in their desperation, they've gone over bird. they are contempt for the president has been revealed. they've gone from the silliness of complaining about the first lady shoes to the insult in the times yesterday where they called the president a nasty showbiz who would fill puerto rico. today the president goes to las vegas. a cnn reporter has already speculated he is only going because the shooting which our supporters.
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tv news showed they per trade the trip is a giant photo op for narcissistic president. president schumer with this lovers wants to puerto rico said he should roll his sleeves. does the senator believes the 70-year-old dynamo of a president is lazy? that is laughable. what is not laughable as bush politicizing the las vegas massacre. gun control as they rally with bodies still on the ground, hillary clinton blaming the nra. tasteless to put it mildly appeared within the hour, the president lance and i guess in the sniping will continue. the latest mashup and has touched a raw nerve. it is not a good idea to throw personal attacks at the comforter in chief when he is doing his job as best he can. the second hour of "varney & company" is about to begin.
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breaking news again. former equifax chief testified in capitol hill again. this time on the senate side. elizabeth warren will get to ask questions and senator john kennedy will be on the questioning. he told us last hour that he might bring up a story we told him about and mention us by name. listening for that one of course. first, the latest read on the service sector of the economy. >> much better coming in at a 59-point take far in excess of the estimates. this is a good sign because the service sector has not been keeping up on the manufacturing side. this speaks to a healthy economy expanding in many different sectors. good number for the service there. >> good number for the market as well. we were 15. now we are up 20 points.
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52,662. that is where we are. that is the section high, by the way. check the big board, the big tech names. only one of them is that the 90s amazon. the rest are down a fraction. no big miss either way. pepsi taking money away from the big soda brands, putting the money into healthier options. that is caused a drop in sales, a fractional loss. oil calling for the third day in a row. biggest losing streak in a month. the latest read on how much oil we've got an storage in about half an hour. back to change the 50 per dollars price. top of the hour, david bossie, former deputy director for the trump campaign. david, the left continues to attack the president and i think that's a dangerous policy for the left. it's bad for the country, bad for the left actually. >> well, your monologue was outstanding, stuart.
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it is exactly what you are pointing out. the left is in a frenzy. they don't know how to attack this president, said the attack him on everything. that is part of their missed date in the political world. not everybody is wrong all the time and that is the american people recognize that. i think one of the reasons donald trump is the president of the united states now is because the left that controls the democratic party has lost its way, has lost its messaging, is out of touch with the american people. donald trump spoke directly to the american people and directly to the rust belt workers as they said he won overwhelmingly. the american people are not looking for him or any president to be torn down every single day. >> trained to the people this country do not like to see the coastal elites try to bring down our president because they don't like him.
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his tone and his style and demeanor. i've got another one for you, david. again, personal opinion here. mike pence chief of staff reportedly called for a purge of congressional republicans who don't support president trump's agenda. there is a split in the republican party. >> well, nick ayers is one of the smartest, one of the best political operatives. not only in the white house, the washington d.c. he is incredibly attuned to what is going on in washington. the frustration that is bubbling up in boiling over. over the last year, president trump was elected almost one year ago now coming 11 months. it is something for me i can tell you as someone who worked on the campaign, the frustration level with the republican leadership in the house and senate for not moving forward on the agenda we were elect it.
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not just elected and 16, but the majority in the senate and the majority in the house before that. it is something these members of congress have campaigned on cycle after cycle and now the president trump has the ability to sign legislation. they have failed at every turn to bring forward his conservative reform agenda, to change things in washington, the way things are done, to drain the swamp. all the things we talked about during the campaign. this president is frustrated and rightly so in nick ayers hit it right on the head. stuart: david bossie, strong stuff. thanks for joining us here see you again soon. following on from that, a new report which claimed some dissent among republicans as the president trump tax plans. this headline from "the new york times." republicans are considering full repeal of state and local tax
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deduction. reconsider, that's the important point here. reconsidering. let me just recap for a second. jody hice is joining us from capitol hill. the story is this. the tax plans as we understood it was manned the deduction for state and local deductions. i would be to vacate behind tax states. we now hear according to this report that republicans are reconsidering getting not deduction. >> you know, there's no question particularly among representatives from certain states like california, new york, certain others here but we have at this point is a general framework that is very positive. it will certainly boost our economy and economic engine. but there are details. they have to be worked out. stuart: this is a big detail. >> no question about it. you don't have the votes in the
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house if this deduction is taken away. 33 republicans from high tax states and i don't think they are going to herd their own voters by doing away with that deduction. >> i think you're exactly right. that is the point. this whole process fluid right now as it relates to the details of this plan and that is one of them that right now is taking a lot of oxygen out of the air. so that means we will have to work through it. there are multiple meetings. i've had tons of meetings already this week, some this morning. it is going to be worked through i don't know what the end result is going to be. tree into your sense is that the republican party is moving away from ending not deduction, right? >> i don't know that i'm going to go there yet, stuart. what i will say is there's tons of debate and discussion going
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on and i think whenever you have that kind of debate, there are solutions sometimes that come out of the blue that she never even can occur before. i am not going to say that there's not going to be some plans for solutions that will be presented that is a win-win for everyone. that's certainly what we want to see happen. at this point it's too early for me to say yes or no it's going to happen on that issue or not. all i can say right now is there's tons of debate and discussion and we'll have to get a little bit more time to see where that is going to land. stuart: how about this suggestion again we've heard this filtering out here that may be a new and higher top tax rate at the federal level for high income earners. how about that? >> that's another one of those things. some concern that the perception that somehow the wealthy are going to be getting a tax break
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is just a line that no one wants to cross. so within that context, there is some saying we need a fourth category. again, that is in the mix right now. i like the three brackets. i hope it stays there. but there are some bring that up as a discussion. stuart: the president reaches out across the aisle is going to have something for democrats to reach out with and a higher tax rate, the higher income individuals that would be the ideal thing to reach across the aisle to come on board. an attractive offer from the president that he makes. >> and that's what is going to do, he's the one that will lead the charge and there are as we mentioned some others in the mix in that debate. but again, there's a lot of issues floating around right now. no question that would be one that would find great attraction
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with democrats. we will democrats. we will see the have traction with majority of republican and will begin to work through it. stuart: how would the republicans feel about it? very interesting question. thanks for joining us. president trump says the u.s. have to wipe out puerto rico's that. up next, mick mulvaney, i'm going to ask him about that. google going right at amazon unveiling their road smart speaker today. the amazon .co, big new syntax. we have a big tech insider to talk about it. you are watching the second hour of "varney & company." retirement rabbit, from voya.
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stuart: old amount of very modest gain, but again it is 13 points up at 22655. rock you, and they let you stream content, that kind of thing up slightly today. remember they were down double digits in the last couple days. there are 30% of value since they reached a high of 2980 on friday. 20 and two now. president trump says puerto rico may need to have it that wiped out as it recovers from hurricane maria. roll that tape. >> we have to look at the whole data structure. they owe a lot of money to friends on wall street and we have to wipe that out. you can say goodbye to that. i don't know if it's goldman sachs, but you can wave goodbye
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to that. stuart: jordana salus budget director mick mulvaney. what exactly does the president mean when he says wipe out puerto rico's dad? >> it doesn't mean the federal government is going to be done out puerto rico's long-term debt situation, billing of bondholders. what you saw there was the president focusing on the reality that in order to get the long-term fiscal operation back in order, puerto rico has to find a way to restructure a debt that is happening through the process already. happening before the storm and happening after the storm. i don't think you saw any indication of a federal involvement in the bond situation. stuart: which means that wall street, and the people who hold these bonds, they're going to lose their shirt. >> that doesn't change. that's part of the process. it may be, may not be. the island has been only $7200 in debt if you listen to some folks depending how you want to value the long-term pension
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obligations. we've known for a long time puerto rico had a long-term program which is by the house and senate has the legislation two years ago now and i was already going through a quasi-bankruptcy practice. i don't think we are breaking any news when we see the puerto rico debt is a tenuous situation. stuart: tax reform in the plan. "new york times" that republicans are edging towards keeping the deduction for state and local taxes. can you give us an update on that? a very important point. >> sure. i've talked to a couple of my friends on the hill yesterday with a couple different phone conversations. if you are from a jurisdiction in a high tax state you are certainly concerned about it. i'll ask you stuart, if you when if you when i make this one of money, live in the same value house, drive the same value car, should you and i pay the exact same for federal taxes. we should but we don't.
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stuart: can you get those 32 republicans in high-tech days to vote for a deal, which would mean their constituents actually pay more? >> guesses the first half of your question. your assumption is everyone will pay more. keep in mind what you're doing and folks are doing now is only natural one of the reasons it's hard to get tax reform as people look at one particular piece of the tax code for the tax proposal in that of the whole thing. just because you live in a high tax state doesn't mean taxes would go up under this proposal. it's way too early to talk about specific impact on a specific family of business. why is that? rackets haven't been set yet. it's not because they are hidden or an evolved in the building behind me and i just won't tell people. we came together at the house leadership of the senate leadership. lower taxes than the middle class, and we won a lower corporate tax rate. we didn't say we want the brackets to be set at this.
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the only bracket we sat with 0% tax rate at $24,000. it's way too early to say this family or that family will win or lose. stuart: can you tell me about this reported for it tax bracket on high income earners, is that in the plan? >> not in the plan. the fifth bracket. i wish we had drafted the document differently, but there is for brackets now. it zero, 12, 25 and 35. the 10% rate going down this year because doubling of the standard deduction. the fifth rate, high rated something we simply let the door open to instead we are not interested in it, but what it takes to get a really good tax plan passed on the house and senate, you will talk about that. going through the ordinary course of business, and hearing start as early as today on the budget which is the first step of the process and the things will get worked out on the hill like every piece of major legislation does. stuart: budget director mick
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mulvaney at the white house. thank you for joining us this morning. we deeply appreciate it. stuart: now you know no bailout for puerto rican bonds. president trump lands in las vegas about 90 minutes from now he is the comforter in chief. he will meet with the guns and first responders. newt gingrich is on the subject in the next hour. we will be right back. copd makes it hard to breathe.
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stuart: at the retail ice age, office depot at down 18% offered a weak forecast. president trump on his way to vegas, landed in about 90 minutes, victims of the mass shooting. blake burman joining us now. i think the president is taking on the role of comforter in
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chief. reporter: indeed, stuart. he will be on the ground for three hours. his first doctors at a hospital they are in which the president will meet with not only many victims from the shooting sunday night, but the hospital staff caring for these people around the clock. a mother visit the president will make will be with many heroes from sunday night folks from which sprung into action and that includes the first responders early this morning as well. they said this would be a very sad day for me personally. president trump early this morning. >> a very sad day. we are going to pay our respects and see the police who have done a fantastic job in a very short time. reporter: do not expect the president to get into any politics or investigations surrounding this tragedy.
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when he was asked about the shooter, they are learning a lot more and that will be announced at the appropriate time. the president on the ground at some point in the 9:00 hour they've got a little bit of a late job, posted at 10:00. stuart: thanks very much indeed. the president said we will be hearing a lot more about the shooter. i'm sorry. got to give your story on tesla. can we put that up again? i want to talk about the shooter. he shot and killed 58 people on sunday night. it is now wednesday morning and we still don't know the motive. >> there is a lot to the story clearly. let me get back quick to the criticism of the main using these as photo ops. nothing could be further from the truth. i think it's heartfelt and he comes across as genuine and is
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important. stuart: he speaks from the heart. stuart: and it's still really baffling why he did it. what is going on with the shooter? his girlfriend, the women's sisters singing she bought her a ticket to get out of the way to go overseas and not interfere with the plan. new details another outlet. 33 guns in the last year. 33 guns he purchased over the last year. most of them. let's get to the tesla story. they miss their production targets by a mile in the model three. just can't meet demand. they could not produce enough cars come certainly not as many as they thought they would produce. gene munster will give us his thought on that in a moment. [vo] the grille is distinctive.
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stuart: pretty good up 18 points at 22,660. now we are just getting the numbers in now. the latest on how much oil they got in storage, how much we used or not. by the looks of it, it's hard to say what is going on because they got $50 a barrel price for oil. stuart: 1.6 million. so we've taken out 6 million euros of oil. >> it's like 10 times what they expected. huge extra demand for oil. the price goes up. not much, but it turned around. it's gone up. using allow for a lot of oil.
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>> a good sign for the economy i guess. the market still up 20, 21 points. 22,000. look at monsanto. they swung to a profit. if that soybean, cotton and corn products continue driving higher. the stock is up 28 cents at $119 a share. myelin rising after the fda approved the drug companies generic version is used to treat multiple sclerosis and that stock up nearly 20%. earlier this hour talk to budget director mick mulvaney about the possibility of wiping out, whatever that means, puerto rico's dead. roll tape. >> it doesn't mean the federal government will bailing out the debt situation, the bondholders. the president was focusing on the reality that in order to get its long-term fiscal operation
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back in order, puerto rico has to figure out a way to restructure the debt, which is happening through the process already, what's happening during the sermon after the storm. no information of a federal involvement in puerto rico. >> $73 billion worth of debt. we american taxpayers are not just going to give them $73 billion. we will let them restructure the debt and work it out. brian west ridge, that seems to me i believe therefore the puerto rican bonds were just trade are essentially. that's it's going not been. >> well, they are. they already have. puerto rico is in a financial death spiral in nature using in a sense those words in a terrible time for the island because they really been hit in a sense to storms. the real one that cause physical loss of life and massive
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financial damage in an ongoing financial storm. it's unfortunate because when the economy should do over time when there's not storms, build up its seed corn. grow its assets, and instead puerto rico has drained the savings. drain do what they do with all the money? $72 billion with a population way under 5 million. what did they do with the money? >> the same thing the united states has done. we have 20 trillion in debt here because we paid pensions, spent more money than we take in taxes and that's what puerto rico did. they have a huge government and
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we know government is less efficient. think about amtrak. it loses money every year. and so, anytime the government does more than the private sector in the economy, that economy tends to eat its seed corn rather than held up the seed corn in savings. that is puerto rico. and then you get hit with a storm in the middle of it and you are destitute. that is the problem. you've got two issues going on at the same time. stuart: yes you do. what about the impact on the overall economy from the hurricanes in the third quarter? we were on track for 3% growth, but i don't think we are now. >> it might be a little slower. parcells yesterday asked loaded higher. the adp employment report today was stronger than most people expect it. so what is interesting is actually if you go back and look
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at katrina, if you did not know that katrina happened and all you are looking at was gdp data, you couldn't tell anything happening during that period of time back in 2005-2006. it is just normal variation of gdp. i do believe that is what is going to happen this time as well, that in fact we might have a little bit weaker growth in a month or two, a little bit stronger as we sell more cars to replace the damaged ones in another quarter or two. but you are not going to see much difference. this economy continues to grow, continues to produce new job, continues to produce their profits and not for the stock market keeps going up. stuart: that's a good question. the economy is still showing significant strength. thank you very much. appreciate it. how about this. google expected to unveil a device that is similar to the
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amazon echo is part of the home. she month income invention partner at invention partner at the look avengers. think this is a very big deal. not just for google, but the whole idea of voice-activated computing power in the home. i think it is the next big step forward. what are you shaking your head for? am i wrong? >> now, i'm shaking my head. as part it. one is the ability of the machine to understand spoken word in the opposite side is computer vision, the ability of the machine to understand images. will google home is doing in the broader smart speaker outlet is
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the language side, understanding the spoken word is sent in google is exceptionally good at. and so they are late to this game. amazon echo has a big head start, but you are going to see appendix ending the hardware. if you think about google strategy longer-term, current wl likely run on top of mandrake. a lot of developers out there is an important deal inr of knots when i am encouraged by the things you said here you are spot on. stuart: am i going have a relationship with one of these gizmos in my house? if it learns more about me anymore how do you say, producer and we've got ourselves a relationship going. i am not being silly here. i can see that happening. i can start talking to my echo
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or my google device and it's going to talk back at me. is that good? >> right now they are really noe population that will have a relationship. stuart: that movie was called her. there really is an intense relationship, an intimate relationship at the computer. you've got to see it, folks here at tesla. i know you're a big fan. tesla has had problems meeting its production target for model three only producing 260, 270 instead of 1300. i know you're a tesla fan.
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is this a big setback for the company? >> in the near term it is. if you can make a separation between trading and investing, on the trading side this is one of the core issues that the bears have on the tesla stories that they are not able to get a profitable way. this has some nice fuel for that. i'm not concerned about this at all. the reason isger picture that this will be an intensely successful vehicle. stuart: i couple this with the
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news from ford going big into electric cars. general motors is going virtually all electric in just a few years. all the car companies are going towards electric. i am not with this yet. i don't think electric will dominate the car market in quite the way some people think. >> in a different
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page on this one, stuart. i think that these cars are going to get mass adoption in the next 10 years. stuart: you can persuade me. you know so much about this you could persuade me. come back again and see if i am persuaded. gene munster, everyone. thank you, sir. >> thank you. stuart: a live look at the mandalay bay hotel. they are boarding up the windows of the room used to murder those 58 people and injured 527. the country's worst mass shooting in history. up next, we'll talk to father jonathan morris. question, where is god in all of this?
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ashley: according to "the new york times," republicans are reconsidering getting rid of the state and local tax reduction. in the last hour, gop senator john kennedy told us no decision yet has been made. >> one of the things being discussed as changes in the tax code to it i guess that is obvious. look at the map. we want to reduce taxes because
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i think it will stimulate the economy. it actually helps the government collect more taxes. but i've never said that a tax cut will completely pay for itself. no reputable economist is going to give them not. so that means unless you want the deficit to balloon, you've got to look for offsets in the tax code. state and local tax break deduction is one of the things being discussed.
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[gunfire] >> go that way, go that way. there you have it. please have released the body can they do in vegas. authorities now talking to the girlfriend of the gun man. jeff flock live with us in vegas with the latest on the investigation. what you now have? >> a couple headlines. as you reported, mandalay bay back behind me in the 302nd floor. they tell us they are so going to be several days working the evidence in that room. you mention mary lou -- marilou danley expect it back in las vegas at some point. stephen paddock wired her $100,000. we believe he inquired for the philippines. did she know anything? as you reported earlier, australian television network interviewing her sisters. they say she didn't know anything about it.
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she sent her away so we can plan this. we'll see what he has to say about that. back to the hotel room. a total of 47 guns. most of them in the hotel room, but 47 total in his possession of various residences. 33 of those were bought in the last year. apparently this ramped up in the last year. lastly on the body cam video, clarification first yesterday was time for the authorities got to the room the shooting was going on. it took for them to break into the room. they clarified that and said the shooting had already stopped. they got up there, the shooting had stopped and decided not to go into the room until they were ready with the s.w.a.t team. they got to the room in 17 seconds, which is remarkable when you think about it all the way to the 302nd floor located the room and 17 seconds. pretty impressive part of the
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las vegas police department. stuart: i would say so. i want to bring in fox news contributor father jonathan morris. welcome to the program. the question we so often receive here is as follows. how could god, a loving god allow something like this happen? how would you respond to that question? >> or maybe even where was god when this happened, before, during. i think he weeps alongside us in the long does it does have a terrible abuse of the jt is given to us of free will. imagine of god intervened in every single moment, ashley, listen to this, too. ashley: why are you pointing at me? i'm listening. >> at the deep question you asked. if he's all-powerful, all-knowing, how could he allow this to happen?
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if he intervened every time you and i made a bad decision, we would be robot. we would not be humans. and we would not be able to do some thing that is the most important of all and that is to make a free decision to love. there would be no such thing as love whatsoever of god intervened and change the outcomes of every one of our actions. i believe and i understand it's based on faith, but also based on reason that love is so good that love is so beautiful that god is willing to risk their free will decision to abuse that gift in order that we might love. stuart: what about the vick dems, through no fault of their own, dead, wounded, injured, trampled. where does free will come in there because they didn't exercise any free will at all. they were trapped. >> if you do not believe in the afterlife, if you do not believe in the possibility of having company you are right it makes
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no sense in god could not allow that to happen in order to give us free will. if you believe god does have a solution to every one of the problems of suffering that we experience in this life and ultimately having, the possibility of a place where every chair will be wiped away, then we could see god would be able to step in and say here is plan b. my plan was not to use your free will to hurt people, but if you do, to those in a sense it comes, i have another plan that's called having ended forever. stuart: father jonathan morris, we wish you were on this program more often to answer very poignant and deep-seated questions as he just did. katie mcgregor much. appreciate it. president trump on his way to vegas as you know. newt gingrich in our next hour is going to give us his take on the president's handling of this crisis. we will be back. value.
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we understand he will make a statement straighten that out. you will see when he makes the statement. we have is an equifax. believe it or not, they are getting a multimillion dollars contract from the iris to verify taxpayer identities to help prevent fraud. got the contract from the irs. a mac it's a no compete. this comes amid the former ceo testified for congress. also due for more testimony. a lot of questions being directed at the iris who was having overseen the tea party targeting. why would this and it was struck before the controversy. >> if there's any saving grace, that is it, that it was awarded before it was known.
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also aside it was awarded before it was known. $7 million. still waiting on the secretary of state, rex tillerson expecting a statement momentarily. you will see it when it occurs. on the left-hand side of your screen, i believe that is mr. smith began for equifax again testifying in congress this time on the senate side. he's been asked very much the same questions as you were asked by house members yesterday. why did you not report the breach soon after you knew about it. that is at the heart of the hearings on aqua facts. -- equifax. we will be right back.
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equifax guy. >> more likely now than before
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that. >> yes, senator, it is. >> so the breach of your system has actually created more business opportunities for you. for example, millions of people have signed up for the credit monitoring service that you announced after the breach. equifax is offering one year of free credit monitoring. but consumers who want to continue that protection after the first year will have to pay for it, won't they, mr. smith. >> senator, the best thing a consumer could do is get the lifetime lock. >> i'm asking the question. you're offering free credit monitoring, which you say is worth something, and you're offering is for only one year if consumers want it for more than one year, they have to pay for it; is that right. >> yes, senator. the best thing a consumer can do is the lock product. stuart: right now. >> there is some news reports this morning that i want to address. first, my commitment to the success of our president and
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country was as strong as the day i accepted his offer. president trump's america first agenda has given voices to millions who felt completely abandoned by the political status quo and felt their interest came second to those of other countries. president trump's
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across the government who are all working for the american people. there's much to be done, and we're just getting started. to address a few specifics that have been erroneously reported this morning. the vice president has never had to persuade me to remain as secretary of state because i have never considered leaving this post. i value the friendship and the counsel of the vice president, and i admire his leadership within president trump's administration to address the many important agendas of president trump, both from a foreign policy perspective, and a diplomatic -- i'm
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sorry. domestic objective. let me tell you what i've learned about this president, whom i did not know before taking this office. he loves his country. he puts americans and america first. he's smart, he demands results wherever he goes, and he holds those around him accountable for whether they've done the job he's asked them to do. accountability is one of the bedrock values the president and i share. while i'm new to washington, i have learned that there are some that try to sew to try to advance their agenda by tearing others apart in an effort to undermine president trump's own agenda. i do not, and i will not operate that way. and the same applies to everyone on my team here at the state department. when i wake up in the morning, my first thoughts are about the safety of our citizens at home and abroad.
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there's no more important responsibility i carry with me than ensuring that americans are safe. providing for the security of the united states must be the number one goal of our american foreign policy. president trump and his administration will keep moving forward as one team with one mission. doing great things for the united states of mercury to make america great again. thank you. [question off mic] >> i think the most important is to reaffirm my commitment to this role that president trump's asked me to serve and to dispel with this notion that i have ever considered leaving. i have answered that question repeatedly. for some reason, it continues to be misreported. there's never been a consideration in my mind. i serve at the appointment of the president, and i am here for as long as the president feels i can be useful to achieving his objectives. >> do you agree with secretary
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mattis that the united states should stay in the jcpoa. >> we'll have a recommendation for the president. we're going to give him a couple of options on how to move forward to advance the important policy on iran. as you heard us say many times, the jcpoa represents a small part for the many issues that we need to come with when it comes to the iran relationship. so it is an important part of that, but it is not the only part. and i have said, we cannot let the iranian relationship be defined solely by that nuclear agreement. >> can you address the main headline of the story and if not -- >> i'm not going to deal with petty stuff like that. i mean, this is what i don't understand about washington. again, i'm not from this place. but the places i come from, we don't deal with that kind of petty nonsense. and it is intended to know nothing but divide people. and i'm just not going to be part of this effort to divide
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this administration. >> i think he's on his way to las vegas is my understanding. >> yes. i believe we believe of. pakistan relationship and u.s. relationship is extraordinarily important regional. and as we rolled out the south asia strategy, we spoke about it in a regional context. it is not just about afghanistan. this is about the importance of pakistan and pakistan's long-term stability as well. we have concerns about the future of pakistan's government too in terms of them -- we want their government to be stable. we want it to be peaceful. and many of the same issues they're struggling with inside of pakistan are our issues. so we think there is opportunity for us to strengthen that relationship.
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we're going to be working very hard at all levels from the state department to the defense department to our intelligence communities, as well as economic commerce opportunities as well. so it really is a regional approach. and pakistan is critical, i think, to the long-term stability of the region. thank you very much. . stuart: may i just update exactly what secretary of state tillerson had to say there prior to his making this statement. there were reports that mr. tillerson had called the president a denigrating name, called him a moron in a meeting at the pentagon. mr. tillerson said he would not deal with petty stuff like that. it was intended to divide. there were also reports that he had threatened to quit. mr. tillerson said i have never considered leaving this post. the president is smart, he said, and gets results. he said that these reports
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were trying to undermine the president, they were erroneous reports. joining us now, newt gingrich. what do you have to say about this, newt? >> well, i think he saw in the tone and in the depth of secretary tillerson's comments why president trump was so excited when rex tillerson agreed to leave exxonmobil, one of the largest corporations of the world, and become secretary of state. this is a very smart, very competent guy. he's very tough. does he disagree on occasions with the president? of course. does he also respect the president? of course. is washington a swamp designed to go out and cause the maximum negativity if you're a conservative? of course. i thought this was a very good presentation, and i would give rex a plus for this particular presentation. i thought it had put a lot of things in the right context and moved us forward. stuart: the left, the elites,
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just have not gotten used to this president. he is so different in style and demeanor that they just can't get used to him. and i don't think they ever will. i don't think these kind of reports will ever stop. they will always want to undermine this president. you with me? >> you know, -- well, you know, andrew jackson as a disruptive force so offended the establishment that he did not get a positive biography for over 100 years because nobody on the elite would write a positive biography about him. donald j. trump is that kind of disruptive force. he takes on again and again as he did recently with the nfl. and, by the way, there's a poll out this morning that shows trump at his highest approval generating tied with the very highest he has got his president all year while the nfl has been dropping in approval. he is working very hard. people give him i think a plus for handling texas, louisiana,
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and florida. it took him a little while to get their feet in puerto rico. i think they were shocked at the level of devastation of the road system and of the electricity system. but they're now getting their feet now. and i think the president continues to build a bigger sense of among people who are open to him that he's a very serious, very competent guy. now, if you're on the left, you dislike him on policy terms, you dislike him on personality terms, you dislike him on style terms, and you huddle with all of your friends, and you chant we hate trump, and that somehow makes them feel better. stuart: is the president on a upswing politically? you mentioned his approval generating out this morning. i'm not sure what that is. 43, 44, 45%, something like that? >> something like that. the highest he has gotten since inaugural. look, i think he is in an upswing. the tax bill gets 53 or 54% approval from the american people, who actually want the democrats to work with the
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president to get tax cuts through. the tax bill is a very good place for them to spend the next two months getting it done, and i think it's a very big deal, and i think people come to how good this tax bill is. and this is the paul ryan postcard size of 85 or 90% of all americans would fill out. and it gives you a good sense and a secondary tax cut for all of the people who would not have to prepare to a tax attorney or cpa. so i think taxes is going to further help trump. i think the economy is going to help trump. but i think also for most americans, they're getting used to who he is. is he occasionally out of control? sure. that's who he is. is he remarkably serious about getting things done? the wall street journal just did a great editorial that his judgeships are probably better than reagans. he has really done a superb
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job of finding very highly qualified conservative judges. stuart: the president yesterday in puerto rico suggested that we would wipe out puerto rico's debt. now, we're going to clarify that. i talked to mick mulvaney this morning, and he suggests we're not going to bail puerto rico out. they've got $73 billion in debt. we're not going to come in with america tax money. i suspect that will be popular too by this president. >> well, i think -- and i saw your interview with mulvaney, who i thought did a very good job of expressing himself. i think what the president was probably saying as a businessman is if you're a bond holder for puerto rico, you better expect to have a pretty big haircut. because you're going to get into a bankruptcy court and the fact is the puerto ricoian government doesn't have any money. i think what the u.s. government will do, and i just wrote a paper, which is available both at
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and at my newsletter, which is free, on the 21st century puerto rico. remember, this is an island whose politicians have done a terrible job. their infrastructure is obsolete and has not been maintained. their electric grid system was bankrupt. they have consistently failed to provide leadership for the island. and so here's an opportunity to step in, not to rebuild a crumbling 20th century system, but to really leapfrog and go into putting in new kinds of infrastructure, new kinds of approaches. i outlined that in a paper today, which is actually been at the white house for the last four or five days. i think that kind of investment the federal government will make because we're not going to let a major -- puerto rico's america. and we're not going to let puerto rico sit there without highways, without infrastructure, without cell phone coverage. but let's go in and do it intelligently. let's not just try to rebuild
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the past. because the past, frankly, has been allowed-to-decay by a generation of puerto ricoian politicians. stuart: yes, sir. newt gingrich, it's always a pleasure to have you on the show. don't be such a stranger. there's a welcome with you. >> good to be with you. stuart: thank you very much, indeed. got to check your money. look at this. the dow industrials are up 20 points. not a huge gain. look at that level. 22,662. new highs for the s&p 500, the russell 2,000, the dow jones industrial average, you name it, it's a record high. how about that? i think it's time to bring in sandra smith, fox news outnumbered cohost, and he has a lot more on the fox news channel, and she's a former -- you're a former trader, aren't you? >> yes. come from a financial family. trading floors. stuart: so why don't you pass judgment on this rally? because it seems to us that this market just wants to go up and up and up.
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>> and away. >> the question is where else do you go; right? when you look at historically low interest rates not going anywhere, the fed basically giving that way. stuart: well, you could run for the hills and the safety of cash, couldn't you? >> only you, stuart varney. stuart: you don't earn a lot of money, but you're safe. and a lot of people think we've gone up so much. 4,500 points since the election. >> you're going to 30,000, that's the worry; right? so if everything stayed the same that led to this historic run-up, why would you leave? i'm not saying that you shouldn't. i'm just saying that's certainly the mentality that we're seeing right now. don't take away, though, from the fact that we have seen an administration, the trump administration paint what looks to be a very business-friendly environment stuart: definitely. >> the picture right now is positive. the picture right now is grow the economy. the picture right now is wages going up rather than down. the picture right now is roll back regulations that have
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stipalled business' ability to grow. but the problem is where the concern lie is is all of this going to get done? so we're coming up on the end of the year, we're in the last quarter of the year, this is an aggressive agenda on the part of the administration and largely, you have seen stocks run up in anticipation of this. and if we don't get this, then what? . stuart: well, i'm not -- let me play the other side of the coin here. i don't think if you don't get tax cuts this year, i don't necessarily think that the market sells off big time because corporate profits are still very, very strong. >> profits are big part of it. stuart: the economy is still growing at a better rate of growth than we've seen in the last ten years. >> and you know what? the world is okay. stuart: the rest of the world is doing very well. >> when you look at the world, the global economy, and we were a year ago -- stuart: even the europeans are growing. it's unbelievable. ashley: even the europeans. >> so then why do you ask the question of why the stock market is going up. stuart: you're a star. and i want your opinion.
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>> i ran down here from the studio downstairs just to make it here in time for you. stuart: you're not out of breath. that's incredible. you used to be a steeplechaser, did you not at lsu? >> steeplechasing. do you know what it is? i jumped over a lot of hurdles. stuart: the producers are killing me here. i have to get to the equifax story. >> i'll let you go. stuart: no. no. no. you stay. this is for you. >> okay. stuart: former equifax ceo richard smith is on capitol hill again. and now we find that equifax has got a contract from the irs. a $7 million contract. did you know that? this is news to you, isn't it? >> it is news. stuart: what do you think? >> look, i think there's these hearings, they continue, the bank and got all of this kind of stuff going on -- it's very popular to pick on all of these, you know, organizations. i don't know that particular element of the story. your lovely production staff just throwing that one on me.
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stuart: no, i did. can you believe it? laced this is the irs. the holders of all of our very private tax information. >> yeah. the american public is so trusting of the irs. stuart: if they had given the contract to equifax for fraud prevention? are you kidding me? ashley: of course the irs would use them. >> you're in shock, but this is -- [laughter] glad to be here, stuart,. stuart: all right. now this one. it's a white house guy. >> uh-huh. stuart: who is saying -- let me get this right. the white house guy is saying time to start using -- >> social security numbers. this is a really interesting story because think about how old that system is and think about how modern day we are and how technology is gone. and if someone steals your social security number, there's nothing you can do about it other than ride out the storm; right? it takes years to bounce back from that. so they're basically saying we don't know what to do yet, but we have some ideas. but maybe this system is just old and doesn't work, and we
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need to think of something else because you should be able to swap out that number and be issued something else so that you can move on. stuart: it's not that easy, though. you're asking the government bureaucracy to handle something like that? >> what's the first thing you do when you get a job? you give them your social security number. what's the first thing that you do when you apply for a auto or homeland? give them your social security number. we're glued to this. so it's an important part of our everyday lives. why not have a discussion about it? . stuart: and the bad guys have the home address, telephone number, date of birth, and social security number, of everybody in the country. looks like it, doesn't it? what am i missing here? >> and you talk to people who go through this. ashley: oh, identity theft. you're right. you fight it for years. stuart: just a disaster. ashley: and you're always the guilty one trying to professor your innocence. stuart: right. you've got what is it? 42 minutes now. a different show, you're off the hook. >> it is my pleasure and honor to do so and my pleasure and honor to join you.
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liz: congratulations. >> thank you. thank you. stuart: see you soon, sandra. >> i think stuart just sent me a lovely note. can i tell them what you sent me? . stuart: yes. >> he sent me a note saying i told you so. stuart: it wasn't in that tone of voice. five or six years ago, i told you you were going to be a star. and you are. you're a greater star than me. [laughter] sandra, get out of here. ashley: get out of here. stuart: we're not done with equifax, not by a long shot. the former chief still answering questions today just like yesterday. we're told that senator john kennedy will ask a question that i brought up. liz: really? . stuart: might even mention my name. we're waiting for it. okay? we'll bring it to you when it happens. and following a mass shooting in australia, 1996. the government there rounded up and destroyed 600,000 guns. there have been no mass shootings in that country since. here's the question.
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would that tactic work here? we're going to ask congressman steve russell, republican from okay. he's the founder and owner of a rifle manufacturing business. we'll ask him lots of questions after this copd makes it hard to breathe. so to breathe better, i go with anoro. ♪go your own way copd tries to say, "go this way." i say, "i'll go my own way" with anoro. ♪go your own way once-daily anoro contains
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. stuart: earlier this morning, i suggested a question to senator john kennedy that he should ask the equifax guy in a hearing on capitol hill today. he just asked the question. watch this. >> i find out about equifax's contract with the internal revenue service in an interview this morning with stuart varney. how big is that contract? >> senator, i saw it this morning as well. it was last night, and it referenced a $7.5 million contract. i'm not sure if that's multiyear -- >> do you have other contracts with the internal revenue service? >> we may certainly. i'm not aware. >> could you give me a list of all of the equifax's contracts with various governments? >> yes, senator we could do that. >> the contract, 7 million and
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change contract, does that involved taxpayer information that you would have access to? >> senator, it's my understanding i'm not professed to be deep in this particular contract is -- it is to prevent fraudulent access to the irs. but beyond that, if you want more information, we could get that for you. stuart: i do believe we made the point. the point was made for us by senator john this morning. we broke the news to him that equifax had won a $7 million contract from the irs. liz: just last week. yeah, they won it just last week. stuart: they won it just last week. liz: yeah, it was in the works but it was won last week. and it was a no bid contract. stuart: $7 million to prevent fraud. ashley: you can't make this up. stuart: by the way, we'll have the judge andrew napolitano coming up on that subject in just a moment. moments ago, the nasdaq just
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hit another all-time high. that joins the dow, s&p 500, russell 2,000 all record highs. we'll be back [vo] the grille is distinctive. but it's usually seen from the rear. the 2018 audi q5 is here.
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intelligent technology can help protect it. the 2018 audi q5 is here. . stuart: new record high. 226,743. that's true also of the dow,
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s&p, nasdaq, all of them. record highs. president trump is on his way right now to las vegas. fox business caught up with him this morning before he boarded his flight. roll tape, please. >> well, it's a very sad thing. we're going to pay our respects and to see the police who have done a fantastic job in a very short time. and, yeah, they're learning la more, and that will be announced at the appropriate time. it's a very, very sad day for me, personally. stuart: blake burman following this store. blake, who does the president meet with as he arrives in vegas? >> stuart, the president and the first lady will have a couple different stops there on the ground in las vegas. the first will be to an area hospital that is treating still so many of the wounded from sunday night's massacre. we're told that the president will meet with not only just the wounded but also the hospital staff, the folks who have been providing around-the-clock care for so many of these victims.
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and then after that, the president will also meet with the heroes from sunday night. so many folks who when the bullets started flying, jumped into action there in the concert outside the mandalay bay. and, of course, you heard the president reference there the police, that will include a meeting with the first responders on the scene there in las vegas. the president and the first lady are up in the air right now, stuart. they got a little bit of a late jump, so we believe they'll be landing about 9:30, 10:00 local time. probably the next hour or so here in las vegas. stuart: thank you very much, blake we'll see you again soon. i want to bring in fred barns, fox news contributor and weekly standard editor. fred, it seems to me that the president in the last four weeks and especially today is going to play the role of comforter in chief. how is he doing do you think? >> i think he's pretty good at that, you know? people who know donald trump, i spent an hour with him a couple years ago, and he's a
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very pleasant guy to deal with on a personal basis, and he's dealing with a lot of these people in these disaster areas again today it's in las vegas. yesterday it was in puerto rico, and he does it on a very warm and -- i think effective basis. . stuart: okay. i want to turn to the tax reform. the new york times. this is a very important subject here. especially for our viewers, financial people. i do. and everybody else in this room. okay. the new york times reports that some republicans are reconsidering the repeal of state and local tax deductions. the gop really is stroking a divide on this issue. it is a divided party on this issue at this point. what say you on this? >> i think that somewhat overstates it. i mean, there is a solution that has been talked about by republicans and that is to not -- it would be to cap the deduction. in other words, people making over a certain amount of income in a year wouldn't be able to take the entire
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deduction, but they would ge could take a substantial amount of it. even ronald reagan in 1986 didn't get the deduction in his tax reform bill for state and local taxes. stuart: so what do you think? i mean, at the end of the day, there are 33 republicans in the house who probably would not vote to get rid of that deduction. they want to keep it. that is a split party, and if you don't -- i'm trying to get this right. you can't get the votes if you end that deduction. that's where they're coming from. i mean, that's the truth, isn't it? >> indeed. but you can get the votes, potentially, if you compromise on the issue. they'll get some of the deduction but not the full deduction. that's the compromise. republicans -- laced some of these republicans have been difficult to get the compromised i covered leading
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up to its passage were all of these stories about how it couldn't happen. they'll never agree on this or that. and then all of a sudden, pass. . stuart: now, you know washington from the inside here. in 30 seconds, can you tell me whetheor not we get a tax packet de this year. >> oh, i think, yeah. i think so. i think it's better than 50/50 chance. republicans are more organized on this. they have people working on it. the party's basically united on getting a tax reform bill, but there is a little tweaking that has to be done. or a lot of tweaking, but i think it will pass. stuart: okay. you just raised the market there. well done. well done. thanks, fred barns. you're all right. see you soon. >> you're welcome. stuart: the former equifax ceo is on capitol hill again today testifying about the massive data breach. get this.
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the irs has awarded a multimillion-dollar, 7 million-dollar fraud prevention contract to equifax. judge napolitano is here on that. okay. when you first heard that news, what do you make of it? >> here we go again. only in america. because this is a noncompetitive, nonpublic bid contract, meaning the nature of the services is outside the public bidding laws. so the irs reaches out to equifax and says we need you. what will you pay us to do the following things? let's agree on what this specs for the bid are, and it's not a bid. the specs for what our needs are, and then you tell us. this has to have been done before the breach was made known. at the rate these contracts are -- now, i'm guessing this was done in the obama administration. we didn't know about the breach until months after they sat on it. we all know that.
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stuart: but you wish they could reaccepted it. >> well, it's ridiculous. i can't imagine they're going to go through with it now. if they signed it, they're going to have to comply. stuart: yeah, exactly. >> government is not allowed to breach its contracts. did you know that? . stuart: i did, actually. yes, i did. they breach a few things like trust and privacy. but not contracts. >> like front doors. . stuart: all right. serious stuff. i'm going to get to puerto rico. the president went there yesterday, he said figuring out how to wipe out the debt. now, before you go off on this, i think what the president was saying -- and i'm trying to interpret what he was saying, they just let the bombs, the debt sink. that's what they will do. they won't have taxpayer money jump in there with a bailout. >> but he used, which was tantalizing ambiguous, was he saying to geraldo we will do nothing? which is what you're suggesting. stuart: yep. >> but using a phrase at the same time that leads people to believe they will do
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something. he even said your friends in goldman sachs. your friends in wall street. he gave the impression that federal dollars would help puerto rico but used language which would allow him to be consistent with what he said when he was candidate trump, which was a simple "no"." stuart: the previous day, he said they, puerto rico, owe a lot of money to your friends on wall street, and we're going to have to wipe that out. what does that mean? >> would love to ask him what he means by that. on his flight back, director of budget mick mulvaney said not a single federal dollar. new jersey, illinois, california, new york, far deeper in debt than puerto rico and far more politically influential on congress. stuart: before we move on to other subjects, i'm going to ask you this. the shooter in las vegas, his girlfriend has come back to the united states. arrived in los angeles last
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night. >> yes. stuart: she's been taken to an undisclosed location. they're going to be questioning her about what does she know about the shooter, et cetera, et cetera. why doesn't she get a lawyer. >> god, if she does not have a lawyer, if she came back here without a lawyer, she's full hardy, even if she's as innocent as the driven snow. because she doesn't know what the government knows about her. sometimes when the government interrogates us, it's to exonerate you. sometimes they have enough suspicion about you to warrant the interrogation, but they need a little bit more evidence to justify an arrest, and they hope to get that evidence out of your mouth. so if she's undergoing an interrogation by the best law enforcement interrogates on the planet, and she doesn't have an lawyer next to her, it's crazy. stuart: it's not in our interest that she has a lawyer because the first thing the lawyer would do is you say nothing. don't say a word. you know that's true. >> generally, yes. but if she is truly innocent and truly ignorant of what he
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did, a truthful answer might very well say okay. you're off the radar screen. go back to the philippines. stuart: we shall see. >> yes. we shall. but they must interrogate her. if they don't find out everything that they can about the crimes and about the criminal. stuart: they have to. >> this has to be prevented. and that's why i'm saying heaven forbid she gets a lawyer because she will clam up and the lawyer will tell her to do precisely that. look, you know where we're coming from here. >> yes. i know where you're coming from. i want the investigation. >> and my sympathies are with the government knowing what it needs to know. but she's entitled to a lawyer as would you. stuart: only if she's charged. >> no, she's entitled to a lawyer whenever she's speaking to the government. stuart: oh, really? >> the first thing they're going to say -- the first thing they're going to say is you don't have to talk to us. and -- stuart: but then -- >> you may, and you don't need a lawyer and if if you want one and you want us to stop until your lawyer gets here, we will do that.
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stuart: all right, judge. >> i know this kills you to hear. stuart: thank you, judge. good stuff. see you soon. now, following a mass shooting in 1996, australia rounded up and destroyed 600,000 guns. virtually all of the guns in the country. since then, there have been no mass shootings in australia. up next, we're joined by congressman steve russell, republican okay. he's the founder and owner of a rifle manufacturing business. what would he say about confiscation? we'll be back. today, we're out here with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease.
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and get to the heart of what matters. >> i'm nicole petallides with your fox business brief. as cities across the nation battle it out, they want the second headquarters of amazon. amazon shares today are to the upside. as you can see there, we are seeing one area in georgia in the city of -- right outside of atlanta saying they want to name the city amazon and willing to do so. and right near atlanta, atlanta would be that it has more than a million people, easy airport access, direct flights to major cities, strong local and regional tech talent. take a look at some of the potential headquarters locations aren't the nation. still so many cities battling it out. san josé, dc, boston, toronto, new york, 50,000 jobs in the next five years. but will
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. stuart: today, google unveiling a more affordable version of its google home smart speaker. it's called the google home mini. it's very similar to the amazon echo. reports about it have been circulating since the summer. it's part of google trying to boost its smart home line of products to keep up with
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competitors apple and alphabet. there you have the stock price. police releasing this chilling body cam video of the shooting. just have a look at this. jeff flock is in las vegas. now, he's got the latest on the guns that they found in the shooter's room. tell us, jeff. >> and they did not release the pictures of the guns in the room, but they somehow got out. they're now investigating how that happened. but we now have those pictures, as well as news organizations, and they do show that at least one of the guns used -- and there were 23 found in the room had something called a bump stock, and that is something that essentially enables a semi automatic rifle to fire as an automatic. explains why there was such rapid gunfire and explains, frankly, why there was such a volume of carnage there committed by one man. that's one of the focuses today. the guns, the other. the girl, if i can call a girl who was 62 years old, the companion and long time live
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in girlfriend of steven paddock. back in the country now, soon to come to las vegas. i heard you talk to the judge about her rights to an attorney. at this point, she has been cooperating. she's not under arrest. all indications are, perhaps, that she did not know this was to be planned. but she will certainly get questions on that subject and on the $100,000 that steven paddock apparently wired to her in the philippines. did he perhaps know this was going to happen and decided to give her money? was there some other understanding as well? that, we don't have answers to. but perhaps today we will, stuart? stuart: yes, sir. jeff flock, thank you very much, indeed. i want to go back to something i mentioned before the last commercial break. back in 1996, australia, a mass shooting, the government there responded by seizing -- look at it. 600,000 guns. since tha that, there have been no more mass shootings in
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australia. next joining us, a congressman, steve from okay. steve, with welcome to the program. good to have you with us, sir. >> thank you, stuart,. stuart: now, i would, look, your comment on the confiscation in australia. i know you can't do that here. i've got that. but in australia, they confiscated 600,000. he's, and it appeared to stop the mass shootings. what's your comment on that? >> well, you know, there's also other examples where that would not have been the outcome. you take sweden, for example. did not prevent the horrific slaughter of 70 children and half a dozen adults on a island. so, you know, overreaction or laws compared to european or western countries, they really don't match up against the second amendment freedoms any more than first amendment or others. now, as technologies advance, we certainly have to examine are our laws effective while allowing individual liberty and freedom? or are they needing
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refinement? or are they not? . stuart: what about this thing called the bump stock or the trigger crank? reportedly used by the gunman in las vegas to turn a weapon into an automatic rapid fire machine. would you have any problem banning this bump stock or trigger crank device? >> i think it's important to understand the history of how firearms have been regulated that are fully automatic after the roaring '20s and the al capone days, you had 6 revisions. we've seen very effective laws. they didn't ban full auto weapons, but they regulated them to the effect that they were virtually nonexistent in any crime scene. the issue with mechanical devices that allow a full auto effect, i think we have to examine that. and the atf has looked at that over their history, whether devices meet a criteria under 18th u.s. code or whether they
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don't. so we certainly need to look at some of that and examine. stuart: but you would have no problem in new rules, which might get rid of the whole idea of rapid fire machine gun format. >> it's not that simple. stuart: i understand that. but if we could, would you? >> well, first of all, we don't ban full auto firearms today. they are regulated, they have effective laws where they're not used in crime. i think part of the problem that you have to look at is trigger manipulation where someone could misconstrue or design laws that would take away semi automatic firearms, which would ban 90 plus percent of what america owns and has the right to exercise their free rights. so as we examine things that get a full auto effect, then i think we have to examine the divisions in 18th u.s. code without violating semi automatic firearms. these are all parts of deliberation that we as lawmakers are going to need to have that discussion. stuart: as we go forward, i
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pick up a sense of unease in america. grave unease at the frequency of these mass shootings, whether they're terrorism or lone wolf or whatever. there is a sense of deep-seated unease that this is happening with this frequency. you picked up on that too? >> well, we certainly feel that way when these horrific things happen like what we saw in las vegas and god bless the people in las vegas. they're just coming together. all of america is with them and to the families that have suffered these tragedies. we all feel it. but, stuart, you know, going after devices or going after particular firearms is not the solution. when we had 9/11, we had to examine our civil liberties and terrorism, acts of terrorism, and we as a public said. okay. who are these people? how can they hurt us? and how can we as a public protect ourselves from their intentions? as we examine these types of shootings, we have to take it comprehensively like that. you had a guy that took hundreds and hundreds of
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pounds of gear, set up cameras inside and outside his hotel room, so much suspicious activity, nothing was said. so we have to examine this comprehensively, not have some knee-jerk reaction that takes away our liberties. but, look, everything needs to be discussed. i certainly understand the firearms laws. i understand our constitutional freedoms. it's important that we don't jettison our constitution while we're going to protect from our heinous acts. stuart: thank you very much for joining us. appreciate it. all right. we'll have more varney for you after this is this a phone?
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. stuart: check this out, please. jetblue and american airlines plan to squeeze even more seats onto domestic flights.
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ashley: american says on the smaller domestic planes, they can get in nine more seats. where? i have no clue. bigger planes, they say nine more seats. bigger planes, 12. jetblue says two more rows. which means no bathrooms and less room. stuart: i wouldn't mind if they had bus service prices, but they don't. ashley: and they're making good prices these days i doesn't this create more hostility on airplanes? you're going to have more people fighting, and being dragged off planes because they're angry and upset. are they going to come with a coupon for a chiropractor after sitting in these seats? neil: . stuart: that was the line you were waiting for all day. i knew you were looking at that one. ashley: honestly, how can they squeeze in more seats? . stuart: you're a tall guy. ashley: i am. stuart: 6'2"?
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ashley: 6'1" and a half. stuart: 6'2" on a good day. you squeeze. ashley: when was the last time you flew commercial. stuart: some time ago. ashley: 19 -- stuart: back in the -- well, -- [laughter] ashley: no, it is bad. liz: friendly skies. i don't know how they're getting away with it. i mean, why fly? . stuart: all right. we're out of time on this subject. and we will be back.
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♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone
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. stuart: almost 12:00 noon eastern time on a wednesday. that means we're roughly halfway through the week. and what a week it's been on wall street. up 152 points monday. up another what, 80 points yesterday. up another, wt is it w? 20, point now. at 22,674. thiss tonishing. e stock in particul, pay attentio to this,eeks a
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was at 33. no they're at 43. that's a gn , wh, a third, in three weeks. you've never seen that before for a stock like general motors. there you have it, what a performance. neil, it's yours. neil: and they're all going driverless, right? stuart: so they say. neil: i don't know, i don't know. i'm not there yet. stuart: nor me. neil: thank you, my friend, very much. we're waiting for the president due to arrive in las vegas shortly. meanwhile trying to get more details about the shooter's girlfriend, marilou danley, she is the person of interest and authorities will be speaking to her shortly. she traveled to philippines two weeks before the shooting, and the gunman was apparently wiring a lot of cash to her 10, $000 at a time. more than 100,000 to an account in the philippines. she is thought to be the beneficiary of that money. so much we don't know. jeff flock in las vegas, what


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