tv Varney Company FOX Business June 11, 2018 9:00am-12:00pm EDT
north korea. one hour earlier than normal. join us for our special coverage. thanks everybody great show. see you tomorrow. love uh- you right back. "varney & company" begins right now. chals paine in for stuart this morn good morning charles. >> aisle charles payne stuart will be back tomorrow but we have a lot of big stories tay. president trump arriving in north korea for his big summit with kim jong-un two leaders meet tonight alone with just translay or tores you can see it all right here fox business will be live throughout -- now, of course, this comes days after president trump wants a very conscientious g7 meeting early and getting tough on trade refusing to sign off on that g7 statement. threatening even more tariffs. and a few with canada's prime minister justin trudeau heating up trudeau blasted trump after president left meeting calling him weak and one of the top economic advisories said, quote, there's a special place in hell for foreign leaders who cross president trump you will hear
it. now despite all of this market set to open relatively flat investors are looking -- sort of how to get around this g7rama and how to anticipate north korea. and o.c. waiting to see the outcome of tonight summit but it is a big day for politics and even bigger day for your money. "varney & company" starts right now. what did he say that was so pofnsive president trump accused him of lie lying. >> held a press conference and said the u.s. is insulting. he said that canada has to stand up for itself. he says that we are the problem with tariffs. he really kind of stabbed us in the back. there's a special place in hell for any foreign leader that engages in bad faith diplomacy with president donald j. trump and then trying to stab him in the back on the way out the door. and that's what bad faith justin
trudeau can did. >> that was white house economic advisor peter and larry kudlow slamming justin trudeau for his comments at the7 summit. president trump well he tweeted this, quote, based on the false statement at his news conference in fact that canada is charging massive tariffs to farmers and works i have instructed not to endorse the communique as we look at tariffs on aobiles flood the u.s. market. suzanne lee is here with the latest. >> well never a dull moment. g7 was definitely not dull for some in 20 years i would say. so this comes back to political posturing i think as you hear from cmn yesterday as well he said he doesn't want to it look weak and heading into north korean summit and there's nothing that prime minister justin trudeau said that was new in his press conference at the g7 he said that canada is insulted they've said that before along with foreign minister as well and they're not pushed around the.
he said that before. don't forget it is an election year in canada heading into 2019 he can't look weak to his elect as well and there's no secret by the way that -- we know that justin trudeau is closer in ideology to oba than to the current president. >> now thrx one thing, though, that he set these things before but to say things before the summit and after conversations with the president isn't the tone supposed to change. i think that's what trump took offense. i think it is like a boxing match before the fight the fighter says everything. after fight they hug if it is a good battle and often have good thoirntion better things to say about each other. >> it is fractious if you with look at the later tweets from the u.s. president it was aimed at the your european union and t the sense that g7 in quebec wases contentious. it was probably tense with paiflt global leaders pointing finger and maybe -- siding with each other against the u.s. president so he thought okay -- i'm not going to take this sitting down.
>> what would their essential argument be since everyone country uses tariffs and most have ever tays that are higher than ones that we have so what would their argument be? you know, against president trump saying hey how about we make some changes to this 237 >> ting goes back to nafta probably brewing frustration -- on the side with prime minister trudeau and u.s. president trump as well because you know, trump he likes to make promises. promises made promises kept and right now as we go along this calendar year it seems unlikely at this point to get a new nafta deal in before the midterm election and before 2017 or 2018 but i would say this is helping politically justin trudeau in kngd because if he stands up to what they can see as bully right now it makes him better especially behind polls against conservative opposition. >> i want to bring in james friedman editorial board member here. so the g7 trauma any impact on
the markets, the economy? >> i think markets have gotten used to the -- kind of trump style. it's not my style is not your style perhaps. it can be kind of rude at time but i tnk people take this in strides and you made a pregame post game comments and made a mistake and used one withs from friday after the meeting where you would poke for more it shall i think the overreaction by trump staff was kind of unfortunate but no look, i think markets think this is negotiation but ought to be said these tariffs are low between us and canada between us and europe generally and we do restrict some competition to our farm products as well. 270% tariff and by the way people should look up unfiltered as a loophole -- farmers found out they put tariffs on that. what i think is interesting and suzanne e-lee hit on this saying
you're going to impose tariffs next month to focus on cranberry motor bikes well this just aluminating fact that they have a 22% tariff on current cranberry a 23% tariff on orange juice and whiskey so i think it is sort of ironic we know it is plel because these are states where trump won a few where with he flipped but ironic by targeting these things they actually reveal a sort of undiscourted point president trump sighing to -- >> how about a tariff free zone in the entire g7. io ron toik me that's the headline here. i mean, the truth is there are a lot of countries had in the e. u restricted to exporting to the united states we have a lot of barriers. not just tariffs, but outright barriers to trade. so there's an issue on both sides. but to me i think emac raises the headline from this summit. what was truely new was the president saying -- how about no tariffs, no subsidies, no protection. among all of our ally --
>> the essence of tpp people are saying trump shouldn't be on tpp because he couldn't got around this, of course, changed dramatically because justin trudeau took advantage of america absence made it a canadian first tpp. >> we'll be back to talk about more right now we're going to take a look at the futures because we were up slightly higher in the day. pompeo indicating up 50 and come down a little bit. remember, though, we've had roadway markable three weeks in the market a stealth rally that has been absolutely phenomenal in part because of the headlines one of the big headlines will be the historic meeting between president trump and kim jong-un that is hours away there's in singapore with the latest. deirdre. >> hey, charles it is exactly 12 hours away this is stuart never has a sitting u.s. president sat down on a one-on-one meeting with a north korean leader. so for the first hour which is
expected to kick off here 9 a.m. eastern time or rather local time 9 a.m. eastern for you. it is justng to be the two, so no advisors no cabinet members only translay force. a little bit later on, though, there will be a few more people in the room and reads off a list of secretary of state mike pompeo white house chief of staff john kelly white house spokesperson sarah are sanders and national security advisor john bolton so interestingly enough, i spoke with a former ambassador of singapore who said it is very good that john boll ton will be in there he said it is important to have at least one strong hawk in the room are. charles, back to you. >> deirdre you look rested and tan out there. look forward to your reporting all day long. see you soon. [laughter] i want to get become to james freeman so let's talk about what victory looks like for president trump here. >> i think victory is u.s. inspectors in the north korea immediately to see -- nuclear and missile programs being dismantled other than that i don't think this is worth his time.
>> from what i've read° a lot of smart analysis saying that it would take a ten to 15 years for full denuclearization so you know, for this meeting tomorrow -- when the frame qork of saying hey we're going to get together even if it is a week or two from now you expect tomorrow for them to make this big leap towards denuclearization. >> i think this talk about how it's a long-term process suggest that our president has already lost here. now -- i want to the enforce it. enforce it in other words if you have all of these miles of tunnels all of these things we dpght do this with iran so to be frank it would take some time. >> i think what you've seen both from our president and south korean president this sense that this is the beginning of discussion and a -- building of a relationship i think suggest they're going down a very bad road the road that other presidents have gone down and failed before mr. trump he needs to get something real and
getting the sense they're not going to get it and talk for two hours maybe more and see what comings of it. >> we've seen five minutes turn into one hour meetings and create five hours. in the meantime reporting that president trump is willing to consider putting an embassy in pyongyang you have those details ashley. >> source is telling maybe -- when president trump goes to any of the negotiating table, everything is out there. everything is possible. of course bottom line to point denuclear disaiftion north korea is critical to -- everything. if that is not agreed upon you're not going to have a u.s. embassy or anything but he's going to walk away. however if we go down that road and there have have have they tn there's no reason to have a embassy in pyongyang but a long way from there to here. >> that's their second large essex export so for dictators
arranged. hey, by the way, we have a big recall to tell you about authorities are warning people not to eat melon bought in the supermarket could be contaminated with salmonella so far 60 people have become sick and tell you what states are affected right now and latest out of the volcano in hawaii. geologists say there's been increasing gas emissions over the weekend that could signal another big eruption that is coming we've got full details on that coming up as well and president trump says, he's open to possibly supporting legalization that would legalize a pot for recreational use everywhere in this country. judge napolitano up next on that. ♪ it's how we earned your trus. until... we lost it. today, we're renewing our commitment to you.
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hospitalized and authorities fear it could -- those numbers could grow because it often takes days or weeks for people to develop the symptoms. katoa foods in eight states cdc saying throw away melon states are georgia, i will, indiana, kentucky, michigan, missouri, north carolina, and ohio sold by the likes of costco kroag or, sprouts and trader joes so watch out for this honey dew watermelon and cantaloupe. >> glad i'm allergic to all of that. switching gears president trump is likely to support a blank of federal ban on marijuana all rise judge andrew napolitano is here. this is huge this is a combination of -- states right the right to a degree. and also a major move for administration that we thought was going to be really tough on -- weed. >> yes, in fact, attorney general jeff sessions whom we were speaking during the break has returned the justice
dertment to a proactive aggressive prosecution of growers and distributors of marijuana. even in states where it is lawful so here's the back story in the obama administration, president obama and attorney generalhold per told the attorneys generaltates where it has lawful for regular ration or medicinal purples feds will not come in. you guys decide what's lawful and handle it on your own that's a lot and half of the state. when jeff sessions became attorney general, he resended that so drump could do this one or two ways say to the congress i don't know if he'll get a republican in congress to do this but say to the congress -- remove marijuana from schedule a that's the schedule of -- drugs that is prohibited for all purposes to possess under any circumstance unless you're a licensed laboratory that experiments and they have a federal license for them 29 or 30 of them. if he can't get that congress to do that h can say to gee sessions reenstate the eric
holder decree. that will go against everything jeff sessions believes in. but it will keep the feds from enforcing federal law even though it will still be on books and vainl l for some other president and attorney general to enforce. >> but i think he's saying this gardner bill which is backed by a mix right of republicans and democrats and bernie you have republicans, you've got izeth warren and i think that -- you have libertarian -- mike and i think people are happy about it. but if you looked on friday thursday or friday when news broke marijuana stock didn't move because you have issue of banking. right so still on the books banks won't touch it because that is a problem and the president and understands that. can i tell you what community will rejoice if marijuana and a this is surprise you. if marijuana is removed from schedule a? law enforcement -- law enforcement really has more
important things to do. and i'm talking about nypd. in the street an any major city and fbi that's last thing to be diverting their energies to now. in the district of columbia -- marijuana is lawful for recreational use. you could light up on the floor of the house of representatives if you wanted to. so -- rntion between this and alice and some of the things we're hearing are you surprised that feel like president trump is revealing a libertarian sort of stance here or -- something that to me i think would appeal to more millennial that appears to more nontraditional republicans. you know i think ultimately it could be a good thing for the party but what do you think amazing to see this play out? >> i'm surprised but happily so and libertarian put into your own body what you want we're talking about adults. and privacy of their home and not talking about people out there driving or talking about giving it to children or talking t using in public.
i mean, no more smoke, marijuana on the streets theoretically. than you would chuck on the streets. even though both are lawful and private and -- in certain places. but for a republican to do this, is somewhat startng. you know the president doesn't fit a mold there are certain guide posts like he's always the smartest person in the room. but -- [laughter] he doesn't respect and affection he doesn't fit a libertarian conservative liberal -- mode he just presses the buttons that he thinks will work. 's very practical guy he knows that it will save law enforcement billions with a b, not having to enforce this. >> quickly what about banking system you have states where it is legalized not -- >> you can't bank -- even state where it is legalized massive amount of cash in storage. correct so that will help the banking system. big business and pretty soon.
thanks a lot guys. real quick check of the futures we're edging just a little bit higher here the dow up as much as 45, 50 earlier now gaining that steam into the open remember we have one heck of a h rally in this market over last few months meanwhile jack he sengdz out a tweet saying about saving money at chick-fil-a and while the left goes absolutely bonkers. we're going to tell youxactly wh happened right after this. insurance that won't replace the full value of your new car? you're better off throwing your money right into the harbor. i'm gonna regret that. with new car replacement, if your brand new car gets totaled, liberty mutual will pay the entire value plus depreciation. liberty stands with you. liberty mutual insurance. i'm t he only bed that actually senses your movements and automatically adjusts to keep you both effortlessly comfortable... does your bed do that?
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i'm 85 years old in a job where. i have to wear a giant hot dog suit. what? where's that coming from? i don't know. i started my 401k early, i diversified... i'm not a big spender. sounds like you're doing a lot. but i still feel like i'm not gonna have enough for retirement. like there's something else i should be doing.
with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedu complimentary goal planning session today with td ameritrade®. rm twitter ceo jack dorsey ate at chick-fil-a and tweeted it be and regretted it. emac -- >> posted a screen shot of the 10% off he got on buying at chick-fil-a and then the internet exploded former cnn anchor of ryan tweeted out pretty interesting that you're shopping a the this company given pride mongt and then conceded that you're right i completely forgot about the backgroundistory here of the ceo supporting the biblical definition of marriage between man and woman. now debate is, he is free speech right to say he want on twitter remember when the ceo -- people were going after him sort of giving political donations against gay marriage in california, and that was a same
debate. he is his free speech rights to say whatever he wants. likely jack supported gay marriage for year, and his tweet about his support of gay marriage for years. >> so jim, you know, you complete this with the stock at all or, you know, he hear about this stuff stocks onhe tear. >> i don't think it is going to hit the stock it's a clishes delicious sandwich he admitted that publicly now he has to eat in the closet and not let the world know he enjoys sandwich. >> i think jack dorsey is trying to make amends you will with the conservative community that might have been an attempt right there. varney "varney & company" will be right back.
charles: the opening battle in just about 40 seconds, just to give you an update, last week technology was up less than 1%, but retails from a brick-and-mortar retailers up more than 6%. major things going on in the stock market. a big south probably perhaps taking the dow back to its all-time high, but looking right
now the u.s. open happening this week and that is why you're looking that appeared bringing the opening about the nasdaq could remember, murray is show will be liv thursday and friday. a lot of folks excited, because maria will be from there. the opening bell ringing from their peers so far more green than red. they got a new ceo last week. goldman sachs have a couple good ones last week. financial still lagging in the performing. boeing is the stock you want to watch. concern about u.s.-china trade with an amazing proxy. let's look at the s&p 500. you are up at the start of trading here. looking pretty good here. meanwhile, the 10 year yield up right now, your nasdaq by the
way, but the 10 year yield up to 96. the resort of a come accustomed to it. the market didn't flinch.of coug tech names every single day. a little bit of a flat opening. facebook under little press seemevery day ther new scandal. "the wall street journal" reporting that it gave some companies special access to additional data about users friends. more on that in a few moments he joining now, liz macdonald, james freeman, scott martin. between trump and trudeau. what is the impact if any on the markets? >> so far not much they will probably be some falut here. what hapthe next few days and weeks as it gets worked out. i've talked about on the show that the markets are getting used to the trumpet summons in
the trump way both from the u.s., from china and canada, toward mexico. they are taking a lot of this and started realizing a lot of us may be in the middle innings and the final product is still yet to be seen.charles: at somed some resolution on these things. in part because presidents in the past were intimidated by the fact that kenya did don comments gone on so long. you never take these actions. he's in there deep enough that we get my some sort of resolution. >> is first-rate or north korea appeared >> the real market upside is an agreement that moves towards lower tariffs and lower trade restrictions around the world. i understand the skepticism given the common fate and it looks like a lot of chaos and obviously market have not liked
at all the steel and aluminum tariffs. but if he actually got a deal, huge upside for markets. >>c come when america got out at tpp, and trudeau held it hostage and put in a lot of protectionism under cultural industries. that's what they do. it is finally debt cannot find when. hey, whether we embolden terrorists? ashley: call their bluff so to speak. by would they want to change anything? president trump is exactly right. you cannot let this go on. and canada has taken advantage. 270% is absolutely right. he's not making that up.
>> the g7 free tariff zone. inside itself as a free tariff zone and no barriers. l no reaction to that. >> the bottom line that feels like we are still in a sort of help re-boiled the world.ty to and it feels like it's about time we get out of this. we are friends, we should have a more level playing field. >> according to the u.s. government, we are running a trade surplus with canada appeared so however you count it, we are sending them more than $300 billion for the appeared they are sending us $300 billion worth of stuff. it's a good relationship. it could be improved. i think what the president not to focus on is to work together on china. if you want to talk about how the united states is being mistreated, that is the one.
europe and canada and they are not that high. how will this market react? you are looking for something big to you're looking for something much bigger than the rest of the world. let's say they come outf this with the framework that includes a scheduled meeting, scheduled agreements that say we understand what the goal is and what the term denuclearization is than we are ready to keep moving this process along. our emissaries will be two weeks from now. >> i don't think the market will react. the market will go up if their sign that some danger has been reduced marginally. the long-term i think is a loss for the u.s. the president has put on new sanctions. it's difficult to tell, but it
looks like it's gotten some cooperation for china. you've had over the last or more pressure for north koreans. i don't think it makes sense to relieve the pressure and give this dictator a small country this kind of platform unless y get something real on charles: i'm sorry. real quick, before i move on to the next topic, it's a tiny country but they've got a pretty big weapon in. >> they do. if speaks to how things they work with china, which is one of their best friends over there. china is remembered by us with respect to how they dealt with the u.s. and what they should do going forward. it pertains to her relationship with china, which we need to improve up. this is an opening idea as to how things work out with china. charles: last thursday the finance ministers as they did
not want to escalate this and reiterating the offer it goes higher. we talk a lot about retailers absolutely crushing it. in the last three months, the pure brick-and-mortar index up 9%, your technology index was up 1.7%. what do you make of it? all of that is the consumer enthusiasm manifests itself in reality. >> at the fact that prior to that was down pretty conservatively. you're getting a natural rotation. we talked a lot about this was to her about how bad resale was getting. they were starting to look good here no one was wanting to buy retail. it seems likely the bottom
ticking here. i like the apple, netflix, amazon, those are really where we are going forward. >> by the way, some of these brick-and-mortar names up 100% from its 52 week low. a check of the big board. picking up a little bit of steam. this is how it's been. it has been very quiet. not a lot of fanfare. up all the oxygen in the room. zero to do with u.s. economics are fundamentals and this is the way smart investments love it. everyone's always looking at attack. a quick look at some of these names. along with netflix, but apple relatively unchanged. we had a little bit of a bounce last week, late on friday. it has come down a lot. what does that mean?
still near $2.92 in the district of columbia where states average $3 per gallon. the pope hosts oil executives and warns them climate change. >> climate change temperatures going up, poverty is an issue he wants clean energy. the oil and gas executives there. notice it was not there. russia's gas problem for middle eastern oil companies. the same problem you see the world over. he's not showing up, maybe not invited. exxonmobil at this meeting. saying it is a moral issue. i'm just intrigued by who wasn't
there. >> so many products come from petroleum. it goes on and on and on. he needs to stick to what he supposed to do. charles: is a different pope geared ashley: he is. turned to "the wall street journal" engaging special access additional data. scott, another privacy heading from facebook. it feels like a daily occurrence i kind of jumped that they may change, but they just aren't anymore these days. >> they probably don't really care. facebook keeps doing this. it is kind of par for the course. the only thing that i've thought about today is facebook was going to drop on this news is somewhat "the new york times" reported. if you get a pullback on the privacy breach and stuff like
that, better than what i was thinking. thank you votes very, very much. always appreciated. a quick check of the big board. the dow again gaining the quiet traction. we are an amazing rally mode right now when you haven't read a single headline about it. meanwhile, microsoft working on a netflix like video gaming service. we will explain mad max. from the last, comedian bill maher says he is hoping for an economic collapse. why? it's easier to get trump out of the white house. wait until you hear it after this.
hey, microsoft building a streaming service and a new xbox consoles. let's go to the floor of the new york stock exchange. >> anyone with kids better gaming or adult gaming. microsoft slightly lower. but gaming is where i thought. there's an e3 conference going on this week in l.a. it is oversubscribed, hot and saying that they will have clout gaming. this is what they are going to have everybody not go onto other councils. they are building another xbox. electronic is a new high. her 140 and new high.
just breaking a moment ago is that they are going to try and make fortnight. >> politics nomar will be out of foster's even if it crashes taxpayers. roll tape. >> i feel like a bottom has to follow it at some point. and by the way of hoping for it because one way you get rid of trump is a crashing economy. please, bring on the recession. sorry if that hurts people. you lose your democracy. >> join us as fox news contributor karl rove. listen, it is easy for someone with an eight figure a year paycheck to root for this, but he is saying this is a rich liberal who says he is taking a position for the average person or small people. can you imagine what a recession would do for that audience? >> well, i've seen estimates that his net worth is
$100 million that he gets paid $10 million a year for his program. maybe those estimates are wrong, but even a fraction that shows he has lost touch with lot of ordinary americans who find it difficult to plan for their retirement and assure that their kids are able to go to college without a lot of debt and meet paycheck to paycheck or the idea that someone would as a matter of public policy suggest to achieve his political goals they would be pushed into economic difficulty shows just how out of touch some hollywood liberals are. charles: has got to tell you, in a way i'm glad he said it. i'm glad he was honest about it. when you read the news articles, particularly headline, when you go to the movies coming here from hollywood, most of the time it feels like you're suggesting that where they are so pessimistic that the average person out there one invest in the stock market. and they probably will never
enjoy the games you enjoy the growing economy. >> love, you heard him say that, but then you heard. there are people whose hatred for the president is so intense and where we've become in the polarization of the country. not the first time we've been here. not the first time people have wished economic disaster to hurt the party in power. pretty powerful that a guy who has a regular program seen by millions of people each week feel so free to suggest they want economic difficulty i millions of ordinary americans to achieve my political bill. >> i do want to ask you about this summit before you go. describe what victory looks like for president trump. >> i think the administration did a good job of laying out what it out to look like. what they are seeking is a
complete irreversible, verifiable denuclearization of the korean peninsula. meaning that north korea gives up its program entirely, that its foundations are taken away so i can't restart. it is verifiable meaning anytime anywhere inspections and all of those nuclear weapons and the ballistic and intermediate range missiles are gone. that was an excellent formulation. that has to be the standard. we've been down this path for times before. four times previously. kim jong un's father and four times they then reneged on those promises and pledges. they invest in slide it in one case the reverse themselves within a week. bill clinton won an agreement by the time george w. bush came into office was known to be in tatters and i think the
administration has the formulation exactly right. verifiable denuclearization. les: karl rove, always great ng you. a quick check of the dow 30 actually 50/50. we were up like twice as much as this early. again, the upside bias remains to be the last few weeks. two high profile celebrity suicides helping to shed some light on a big problem that our country faces now. according to data from the cdc, suicides are rising at an alarming rate. we are going to deal with it right after this. then he met the love of his life. who came with a three foot, two inch bonus. for this new stepdad, it's promising to care for his daughter as if she's his own. every way we look out for those we love
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these types of plans let you pick any doctor or hospital that takes medicare patients. and there's a range of plans to choose from, depending on you needs and your budget. so if you're turning 65 soon, call now and get started. because the time to think about tomorrow...is today. go long. charles: now to the hawaii volcano. endpoints of the corruption. ashley: let me tell you, this has been going on since may may 3rd. another syndication with gas emissions double in the last 24 hours. this is stuff that contains tiny shards of glass from hydrogen dioxide and hitting the ocean creating what they call volcanic fog. the problem is they're worried now that the trade winds will
stop picking up in blowing in a different direction i can take this towards more people. also, seeing the 24 different issuers in the land for malta malta is flying now. some of those are still pumping out 180 feet hhend now see the doubleus of the gas emissions should soon be on the horizon. this shows absolutely no signs of slowing down. the >> two very high-profile suicides last week. suicides are 30% since 1999 after the death of kate spade and anthony bourdain, suicide hotlines have jumped 25%. dr. siegel, starting of course with this bike. this is not new. it's of course made headlines in the worst kind of way. what has been going on here? >> the reason we see an increase in the hotline is because people
are very connected to celebrities. they look for guidance. someone like anthony bourdain was a big inspiration. when he commits suicide, people start to worry. that's a good thing that people may have been worried or thinking about depression or suicide are now coming forward. the suicide prevention says and i can tell you as a practicing internist, they are not all talking about it. people need to ask him how are you feeling, functioning in your relationship. are you thinking negative thoughts? >> what you think is driving miss? it is a dramatic increase over a period of time, doxy goal. unfortunately we have these tragedies, is there any evidence on what exactly is driving this huge spike?
>> study showed that it has to do with dissociation we are feeling in our society. too much technology. we are not talking to each other. social media as you know has a lot of negativity and a lot of attacks. too much vilification making fun of people. we need more positive emotion. look somebody in the eye, give them a hug. you and i both know it's got a come back. studies show that too much technology, personalized iphone's and social media has helped to drive this problem. charles: dr. siegel, thank you very much. , from "the new york times" classic canada is isolated before north korean meeting them for the mainstream liberal media, that does not up there. our two is next. ncial allow you to take advantage of growth opportunities... with a level of protection in down markets. so you can be less concerned about your retirement savings.
said kim jong-un, run circles around president trump. world will come to an end. >> we're seeing withdrawal from iran deal. to make it simple, if you are a strong supporter of the president, whatever it is that will be great. that is how a partisan would think. if you are against him. not going to give you any result. mainstream media should be in the middle. this is not going to be good. this is negative. moved from the the send.
charles: china, you know reacting to president trump by targeting would be trump voters, trying to create a schism there. the eu saying next month they will launch additional tariffs on things like cranberries and orange juice and whiskeys. all in trump's, few of the states trump recently flipped. even our allies, even our foes understand they have a friend with the mainstream media, when they put that out there, this media takes it, run with it. they see, i told you trump is destroying this country? >> yes. in fact last week on european tour of the european parliament. i met with many leaders, including also media people, what i learned more than ever before, they are influenced by the american media. where else they looking at sources? so they look at our mainstream/opposition media. they repeat those arguments. basically our media is helping
other countries, allies, non-allies to basically criticize our politics. >> i mean i think it goes further than that, doesn't it? it hurts with respect to negotiations. vladmir putin won't face this kind of media. won't face a media determined to give one side of the political aisle back in power. xi won't face this media in his country. kim jong-un won't face media. manipulating public in regular way. this has to be make a difference in the rift in negotiations. >> our media used to be in the center. you could be right of center, left of center. now what we're seeing in europe, often criticize european media, bbc. in the news line, they are objective. they say exactly what the facts are. analytical line, opinion line, that is a different story. what happened to our mainstream opposition media.
it completely shifted as it was a political party, dealing with the issues. charles: the economist is the same sort of thing. read it in the beginning. get the facts, don't en t the rest of the magazine. obituaries are still good. walid, what does victory look like for president trump in the meeting? >> i am very modest in my assessment. i followed this thoroughly in the campaign where the north koreans are going to accept principles, number one, they will denuclearize, they would sign up on the principle and sttegies to do so. they would also agree they will be non-aggressive towards the south and towards us. that by itself compared to six months ago, lobbing missiles into very close locations for our national soil. that would be a victory to begin with. of course the process will be long, much longer than two days. charles: i think a lot of people talking about arms race in asia, propelled by north korea. walid, as usual, thank you very
much. appreciate it. >> thank you, charles. charles: look at facebook. latest headlines they gave some companies special access to additional data but user's friends, even though they denied doing that. joining us now, market watcher keith fitz-gerald. keith, privacy issues, feel like every day coming fast and furiously. doesn't seem to ding the stock much. why? >> i think hope springs eternal in the stock market, charles. people don't want to acknowledge reality or litigious nature what is headed toward's facebook's way. i think it is a false rally that will catch people by surprise. charles: what about the rallies. they're looking, only big ticket name saying much about this is apple coming from a position, hey, we don't do these things but everyone else does. could that ultimately make a difference? sounds like you think they will
pay a price for this at some point. >> i do. charles. they will pay a terrible price for this. litigious regulators, eu, u.s., people lining up against facebook. they're under a tremendous amount of pressure. apple is unusual. they have drawn a line in the sand. we don't do this. everybody else is conspicuously quiet. charles: maybe they don't want anyone to look at what they're doing. listen, some of these companies that is their only model, monetize the information. there will have to be guardrails put on. keith, e-3, big video gaming conference under california, gaming is really taking off. but from what i understand you're not bullish. why? >> well, you know, i don't like the gaming itself. because games come and go. what i'm interested in is the technology. for example, microsoft, stock we talk about all the time, is going into the big data, big streaming that is the type of
technology play i'm interested in or chips made to support that. charles: but the gaming itself, what part of it? like average gamer is in the mid 30s now. it is a booming industry. a booming business. now becoming a professional sport. it seems like tremendous amount of upside? >> well, you know, there is, charles. but again, does it constitute a great investment? i don't know. people thought the same thing about live poker matches years ago. that really didn't turn into the cash cow except those interested in poker. charles: let me ask but the overall market. we've been in the stealth rally. this market is phenomenal here for many, many weeks. i think one of the good things for the stock market is the headlines. non-fundamental, non-economic headlines hogging up all the space and stealth rally i think is the way smart money likes to invest when no one is looking? >> oh, i agree 100% because real revenue, real profits, real ceos are charging on.
they don't care noise in politics. don't care who said, she said. it will go into the earnings and ultimately to the share price. this is great as far as i'm concerned. a lot of people will only just now catching up. that is recipe for higher returns. charles: phase we went through we had reasoe jure to worry. after january 26th is high. it was first 10-year-year-old at 3%. economy growing too fast. economy growing too sw. dollar too strong. dollar too weak, nafta, eu, china. everything under the sun. can some of those now ironically possible tailwind for the market if they're resolved? >> sure. because then you're faced with fomo, fear of missing out. real gotchas will be italy's vote, if there is referendum to leave the eu and if the north korean summit fails. charles: keith fitz-gerald, thank you very much. >> you bet, charles. charles: hey, coming up, a potential bombshell.
iranian politician reportedly admitting iran helped the 9/11 attackers travel secretly through the middle east. the navy seal who shot bin laden. rob o'neill. he will react next. billionaire investor george soros speaking out talking about his gripes with certain democrats. why he is being so vocal now. we'll talk to the reporter who sat down with him. actor robert de niro, dropping an f-bomb, a couple of them at the tony awards, slamming the president. you will hear it and former white house press secretary sean spicer will react. more "varney" coming up. i feel a great deal of urgency... i think, keep going, and make a difference.
swagger pack. bias to the upside. looking for big news next 24 hours. this stealth rally continues. not so much for gold. gold relatively flat. bitcoin has been under a huge amount of pressure, falling big time after a south korean crypt hack. big, big money hacked, just crushing bitcoin right now. prominent iranian politician reportedly says iran helpede 9/11 attackers. joining us to discuss the seal who killed osama bin laden, rob o'neill. what are your thoughts on that? why would the politician say this? >> politician is reiterating what the 9/11 report said. 15 to 19 hijackers from saudi arabia, training up in pakistan, sorry, afghanistan in order to get there a lot are traveling through iran because they won't stamp their
passports. that is to protect them from being prosecuted by saudi arabia, by them. trying to keep it clean. doesn't surprise me. i run into foreign fighters, iranians in afghanistan. they're violently opposed to each other, iran and al qaeda. but the enemy of my enemy is my friend type of thing. it is better if they can attack the united states and attack each other. if they can protect al qaeda, al qaeda won't necessarily attack iran. same thing with pakistan any intelligence services hiding bin laden from us, to protect their interests. charles: at some point you force the countries to decide what is more in their interest, or trying to appease al qaeda? >> iran was able to get away with a lot of stuff simply because of our desire to get the nuke deal. charles: always circles back to the nuke deal. >> there was shady stuff protecting people. israelis would strike, we may or may not have tipped them off. it was so important to the last
administration. charles: curious why now this politician would say anything. i understand why it might have happened or did happen but why now? i keep seeing these images. a lot of truck companies, truck drivers have been on strike in iran for a few weeks. people on the street making demonstrations that typically don't happen in public. feels like something is bubbling there we're missing. >> look at people, women taking off the scarves so they want freedom again. we don't hear a lot in the press. not iranian people are the problem. it is mullahs, religious government. back in 1979 women were wearing skirts and short sleeves. it turned something else because of the revolution. the people are tired of it. if we only cover it. way to defeat iran will be from within. charles: right. >> i don't think bombs and bullets will do a lot with that. charles: ironically might help them, right? feels like momentums such -- >> possibly. when we invade iraq, once we
topple sad many today, we'll have peace. everyone will love us. what if they don't? charles: what could we do to encourage or stoke? >> i would hope the media would help. worldwide press doesn't want to cover it. for some reason a lot of people are in love with iran. i don't get it, number one sponsor of terrorism in the world. charles: even eu allies talking about that, the mainstream media comes to their defense over the last week. last week just asked the white house to look the other way more or less as they keep their version of the nuke deal going. >> i think a lot is selfish. they want to do business with iran. there is money there. if they have a trade deal, selling planes and stuff. a lot of it is not in the west being, our allies. not in our interests, but just -- charles: even as they sponsor the kind of terrorism around the world? >> they're still doing it. part of the deal, they wouldn't have missile technology. yet they're shooting missiles every day. somehow they get the technology. airports in saudi arabia where americans are passing through,
they're trying to mess with our navy which is really bad idea. but -- charles: they got away with it before. >> they did before. don't see them doing it now. charles: ask but the big news item last week. google ending deal with pentagon. stuart has been hot on this one. ironically, gotten strange bedfellows pushed back against google. one particular deal is artificial intelligence. a lot of people who work -- >> what they're saying is, they're using their artificial intelligence to target drone strikes, type of recognition, stuff way above my pay grade but the smart people apart of it. they are saying, they want to be politically correct and have everyone love everyone. they don't want to take lives, help lives. some of the people they are killing i assure you are saving lives. charles: i think about china, the cooperation they get from private sector companies, alibaba, they have the world's two fastest supercomputers.
they're going from ped flops to x-flops, something that would take us millions of years to do would take us billions of years to do. they will put mike year submarines into the ocean undetected for months. break all of our military encryption. is there patriotism, you're google and you have to again fit doing business in this country? >> that is exactly what i was saying. they became google because of capitalistic style. china steals stuff. that is why they're here. their headquarters down here in silicon valley. they would have self-preservation. put your head in the sand. the threat is not real. i don't hate them and they don't hate me. talking aboutsonic submarines. that is big problem. charles: they're just naive or is it just sort of that political ideology? >> i think political ideology. if we all get along we'll get
along. they don't -- quick to blame facebook for the election, russians hacked us, all it this nonsense. not in their interests. not like we accidentally strike people with drones. there is a lot goes into it. the people found bin laden, took them years to find him. these are smart people doing meticulous stuff. we don't send ppl to guantanamo bay just. it is not pretty. charles: coming up, dumb idea or marketing genius. talking about ihop changing its name to ihob. you tell me. breakfast, bacon, what do you think? of course our man jeff flock is all over this, he will answer the hard questions next.
kim jong-un is touring singapore. the bigç historic meeting. president trump of course arriving overnight. so interesting, singapore is footing the bill for the north korean contingent, saying that that is what they want to do. they want to make sure that they somehow. everyone wants this to work out. i think north korea wants this to work out in a way we never really imagined before. easy to be doubtful. we should have a lot of skepticism. some people, ashley -- ashley: has a lot of bodyguards. i can tell you that. he is in there somewhere. charles: in there. flash bulbs are going off. this is what people say he wanted more than anything else. the attention elevated on world stage. ashley: james freeman said that
wants a platform to feel bigger about himself. face it, many people are skeptical about all of this. talk something better than arguing with each other and ratcheting up the nuke threat. i don't know. president trump, several weeks ago said, that this could be a seriesof meetings. i think he is right. the fact, do we really expect everything to be done in one meeting, in singapore? i don't think so, but i still maintain, better tobe talking than not. liz: history in the making or normalizing a dictator who has severe human rights abuses at 300, quote marks sieve sanctions ready for implementation according to the trump white house if the north koreans don't agree to what the plan is. don't know what the plan is. charles: already putting tough sanctions already in place. that is the sort damocles hanging over his head. we haven't had a missile fired since november last year. ashley: good point. charles: one testing facility
collapsed under its own weight, they blew up or it is gone. i think angle most important is the economic angle. think about this for a moment. south korea, the average person made 100 bucks a year more than the person in north korea. now it is $25,600 to $2000. there is a burgeoning market based economy in north korea. it all began after famine in 1995. three years, half a million debts. liz: kim jong-un knows he is answerable to the burgeoning middle class. north korea economy is half the size of vermont t ranks lower than south korea's sixth largest city.ç its military is very ill. we don't know what is going on with the military invested with parasites and worms.
talking about a series of meetings could be underway or in coming months. there has been already a series of meetings between south korea and north korea. certainly china and north korea as well. charles: when kim jong-un looks south and he sees an economy that was on par with theirs, when his grandfather created the hermit kingdom. ashley: right. charles: $1.4 trillion economy versus 12 billion-dollar economy, he has to say to himself, one thing, i'm a dictator, i'm insulated. but at some point i know the apple doesn't always fall far from the tree but i think there could be a revolution here. iot ready to say he is a gorbachev. ashley: you mean he has some level of humanity? i'm not so sure. he is living well. charles: i'm not, he is living well, vladmir putin, who doesn't have a great economy, is living well. he is living better. he is a billionaire. and he was able to make, he was able to make more people, but he
is extraordinarily popular in his country. ashley: because if you're not, you get shot. charles: i don't think kim sim is extraordinarily hop pour.ç liz: 130,000 people estimated in prison camps called nazi camps or gulags. entire generatf fily behind bars in his prison camps. so you know, human rights issue as well for north korea. charles: you have some -- ashley: what you're trying to sayings charles, him going to south korea, looks what the economy could be. charles: he has been to switzerland. ashley: yes he has. charles: he understands what it could be. his foal, ultimately deal, make sure i'm preserved. i keep the power, at same token. it could still be selfless, right? could be about him being richer, aka, like a vladmir putin. but also enough others get to participate or he allows a market kind of economy. there are brands there, people don't realize, there are three
million mobile phones in north korea right now. you can buy a sharp tv for 1300 bucks. ashley: what can you access on internet in north korea? probably not a lo charles: point, hard to stop this stuff forever. liz: kim jong-un how much will you give way to what the trump white house is offering? should be point out, of course the fear, the intelligence and trump white house knows this, north korea is moving its nukes around on mobile rocket launchers, could be hidingç thm in tunnels around the country. charles: that's why, finding declearization, process itself to take on, to verify, would take a long period of time. would take a long time. notion that it would be irreversible is ridiculous. if they know how to make it, they know how to make it. take away the tools. remember, after both world wars. europe and america, they were set on slowing down germany. not just the military machine.
industrial economic machine. treaties were designed that way. ultimately germany got back in the -- ashley: can't make up my mind about kim jong-un. is comic villain or a genius? charles: i don't think he is genius. he is more educated around the world and circumstances are different than from his father. he is a villain. he is a evil person. no one is not saying that. even under that kind of situation, if he wants better for himself. even if he wants to be more enriched -- ashley: i see what you mean. charles: folks, bring in our next guest, howard kurtz is joining us now. howie, are you there? >> i'm here. charles: all right. you know, we're having this discussion of course on north korea and of courseç this is going to be what everyone is watching over the next 24 hours. what are your thoughts on this, this sort of made for -- ultimate made-for-tv event
perhaps? >> you know it is fascinating to watch the run-up to this because nobody really knows what's going to happen except we're starting now of course to get some hints the whole thing will be over in 24 hours, if indeed that happens. it kind of sounds like a result which both parties can claim victory, have a nice photo-op is precooked, baked into the cake but there is so much skepticism both among foreign policy elites, many in the media about what the president will walk away with here, i mean nobody thinks that there is going to be a signed, sealed, delivered with all the details of denuclearization. the world does not work that way. i think president trump did a good job lowering expectations, canceling summit, put it back on, making clear this process will go on for some time. charles: by the same token, the media for the most part, kim jong-un running circles around president trump. president trump, you know, giving this dictator a place on
the world stage, that in other words, they're all about the mistakes that president trump are making. many already decided this will be a failure. on the other end ofç that, president trump trying to get ahead of headlines before the trip. want audience to listen what he had to say. >> i've really been preparing all my life, i said that, but the news doesn't pick that up, because it is fake news. i'm a very big believer of the press but i'm also a believer you can not leak classified information. whether you like it or not it, may not be politically correct, but we have a world to run. i do have an absolute right to pardon myself, but i will never have to do it because i didn't do anything wrong. we are looking at literally thousands of names of people that have come to our attention that have been treated unfairly. since i signed that out, iran is a much different country. first lady is great. right there. you're not prepared. i can't believe she is not
prepared. see they're shocked, right? charles: many folks are saying hey, that was classic president trump. impromptu press conference, on his way to the g7. some critics are saying he is patented this way, this manuever to get around talking about the main topics at hand. what are your thoughts? >> first of all he made a head spinning amount of news in just the few clips that you showed. you know, this is a guy who talks to the pressç virtually every day and doesn't duck questions. you may not like his answers, i get that. seems a lot in the press jumped on comments i've been preparing my whole life, this doesn't take any special preparation, this is about attitude. the other time he could size up kim in the first minute. my reaction, hold our breaths, wait and see what actually happens and then everybody can critique and put in their two cents? the other overwhelming narrative right now of the media is,
president, having a testy time at the gp meeting. it is unbelievable how many negative headlines he blown up the western alliance and so forth. very few people say, he is fighting for america. fine to criticize it, but sweeping comments, he wants t destroy the west, one "new york times" columnist today. charles: howie, he didn't take kindly to that. looked like president trump, he had some intuition when it comes to the so-called fake news and liberal media. looks like he can point them out by instinct. take a listen to this. >> there is sense that america's closest allies are frustrated with you and angry with you and you're angry with them. if you view it the same way, and do you view the u.s. alliance been shifting under your --ç >> who are you with, cure rossty? >> cnn. >> i figured. fake news cnn the worst. but, could tell by the question, i have no idea you were with cnn
after the question. i was who you're with, you're with cnn. charles: of course he ended that, take that back to your fake friends or something like that. he was upset about that. wtre your thoughts? >> it wasn't a horrible question, but question of course does have well-known aversion to all things cnn. in fairness to the question from the cnn producer, 12 hours later, president was on air force one tweeting about justin trudeau being weak and dishonest and his aides talking about betrayal by the canadian prime minister. so, asking a question about, you know, difficult relations between some of the g7 allies and president trump not entirely off the wall in this case. charles: although i think he was surprised at some post-meeting things trudeau had to say, maybe after that question. you're right, just, it is, this is going to be a never ending battle i fear. howard, thank you very much. appreciate it. >> great to see you, charles. charles: you too. joining me a "washington post" political inventions reporter.
michael, so, you had interview with billionaire, liberal george soros. we have wantç to ask you aboutt because it has been some time. right now he is pretty talkative. first of all, who now, is he speaking out against? what's the main thing on his radar? >> sure. well george soros is the billionaire, 87-year-old holocaust survivor for years donated hundreds of millions of dollars to liberal causes. a big backer of the democratic party. a lot of republicans view him and vilify him really, repeatedly. you will see a lot of comments from republicans going after him as if he is the puppet master of the democratic party which he says he is not. he doesn't do interviews very often of the purpose of this interview, the purpose of the interview is that he wanted to explain what he is going to do a lot of things that he has talked about for years haven't gone his way. he said everything that could go wrong, has gone wrong.
specifically european union. specifically "brexit." a strong supporter of hillary clinton. she lost of course. he threw money into democratic primary liberal candidates in california for district attorney. most of those candidates lost. so the question is, given all of these setbacks what are you going to do? he said, well, you know, i am needed more than ever. basically redouble his efforts. he has a lot of money. i'm sure that statement wouldç alarm his critics. his critics are everyone from vladmir putin, who essentially kicked his organization out of russia a couple years a to roseanne barr the actress who tweeted things about him, then the president's son retweeted. so he has been at odds with not just president trump, who he calls a danger and a threat to the world but to vladmir putin. he has made basically an issue in the election, hungarian homeland. he is really an interesting figure in international politics. charles: he is an interesting figure. he has been divisive. does he think at all, did you
come away with the idea, that maybe introspection if you will, that maybe some of these losing issues lo in part because they had soros' name attached to them? >> well you know, that is a good question. i asked him that question, because he made such an issue, his opponent make him the issue. they go after him, instead of the person he is backing and try to make him what voters should think about. so he said, yes it is hard, people quote him. they take him out of context. but it makes it much more difficult. he has far more enemies that he would like. he understands that. what he said look, i really don't have a choice. i believe in these issues. these are my principles. i have the money. heç doesn't want to -- doesn't have to worry about stockholders or customers being upset what he said. he has a lot of money at his disposal. he recently completed transfer of 18 billion, billion as in boy, open society foundations which run programs in 100 countries around the world.
that is a lot of influence. of that foundation money to put it in perspective, spend as billion dollars a year around the world. of that, 150 million is spent in the united states. a lot goes to thing like groups, aclu, planned parenthood, groups that back prison reform, reduce drug sentencing. if you look at his career recently, my analysis he has been more successful on issue matters, pushed for example, prison reform, sentence reform, than picking democratic candidates. charles: i think you're starting to get many so much these things, prison reform, recidivism, koch brothers are putting a lot of money. trump white house is trying to do things there. i want to ask you about that as well. his relationship with president trump, you know, history behind it. >> yeah. you know it is interesting, i don't believe this has been reported before but turns out i asked him, how long have you known trump? well nearly 40 years ago we went to dinner frequently for a period of time because a friend
of sorosç was dating someone in the trump organization. that person lived in the berskshires. soros loved that person's house and loved his company. he would go up. trump would to up there. they had number of dinners together. sometime later trump was opening a new office building in new york city, he said, accordi to soros, name your price, quote, unquote, because he wanted soros to be a lead tenant in the building which trump thought it would bring other people in line. soros didn't accept the offer and because he thought it would hurt his reputation to be closely associated with donald trump. they have a history going back. at end of 2016 campaign, trump ran a commercial was talking in an ad about global special interests, quote, unquote, showed a picture of soros and others. soros told me thought that was coded anti-semitic message. ion at end of campaign trump was using soros running against him as other candidates have.
charles: i remember that. it was controversial. for me i thought it was more against global elitists open socice thname of soros's organization. really appreciate it. >> thanks for having me. charles: thanks. coming up, remember this chicago cubs at theç white house celebrating their world series win? the co-owner of the team, todd ricketts says the president should reinvite the eagles and they should go. he will state his case in the next hour. first, actor robert de niro dropping the f-bomb a couple times slamming president trump at last night's tony awards. he got a standing ovation from it. we're on top of it. ♪
♪ ashley: political analyst karl rove told us last hour he believes the trump administration has laid out a very go, strong, guideline for success at the north korean summit. take a listen. >> i think the administration did a good job laying out what it ought to look like. their formulation is, is that, what they're seeking is a complete, irreversible, verifiable denuclearization of theç korean peninsula and meang that north korea gives up its program entirely.
that its foundations are taken away so it can't restart it. that is it can be verifiable, means anytime, anywhere inspections, and that all those nuclear aps and ballistic and intermediate range missiles to deliver them are gone. i think that was an excellent formulation. ♪ nah. not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you?
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charles: president trump tweeting after the g7 meeting with canadian prime minister justin trudeau. rd according to a canadian release they make almost 100 billion-dollars of trade with u.s. i guess they were bragging and got caught. minimum 17. tax dairy from us at 270%. then justin acts hurt when called out. seançer former white house pres secretary. president trump calling them out, just stating facts, nevertheless portrayed something of a villain. >> right. i mean look, true do i is the host of the g7 and i think to come out right afterwards and make a big deal out of it was a little unbecoming. if they haven't gotten used to it yet, the president doesn't takee kind of comments lightly. so you know, interestingly the communique they all agreed to talked about lowering tariffs
across the board. the president succeeded getting them to understand, that you know, these deals where we have low, tariff barriers and non-tariff barriers, is not reciprocal trade, all of these couries, not exactly developing countries, by very nature being in the g7, still have high barriers to eptry for market access for u.s. products is not fair, it is not reciprocal. it is not fair trade when developed countries the world leaders still have high tariff barriers for our products to come into their market where they can come in ours. charles: right. >> the president is calling the people out and he is getting results. charles: to that point, has something developed a entitlement mentality? we know post-world war ii,ç the marshall plan, all the things america has done over the years and consequently the world has seen billion people join the middle class. that would not happen without america making it happen, allowing it to happen with the
lopsided deals but at some point you have to cut them off. all the people associated with the gand other arrangements, sean, theygot to know this? >> right. charles, you and i started talking back in the late 2000s, i did trade for the bush administration. there is something to talk about developed or underdeveloped countries grow their markets with the u.s. giving access to our market, helping them grow along. but it is quite another thing if all the developed countries who locked into deals back in the day are taking advantage of the u.s. marketplace. as president trump pointed out we have much bigger marketplace than they do. i think they have had a free ride for a long time. finally president trump is calling them out on it. saying i know you gottenway with it in the past and nobody is willing to take you on but i am. so i get it. you know, if you haven't had to pay for something for a long time, or gotten a free ride on something for a long time and somebody finally calls you out, you probably are not expecting
it or that wasn't in your is. charles: it is interesting, after we got out of tpp, canada drove a hard bargain. they held the whole thing hostage after we got out of it. trudeau was able to put a deal that put canada first. cultural industries. protectionism across the board. he said we have to update these 21st century trade deals as his reasoning for driving a hard bargain with his friends there. >> right, if i can, charles, the other thing important to remember, look, people are trying to make this as if somehow that is undermining the relationship. there is nothing wrong with us continuing to view canada as a very strong friend an ally, that we stand shoulder to shoulder with in terms of national security ar interests, but at same time call out areas of the relationship where there are problems. in this case, unfair tariff barriers for our products going into their market. so i don't necessarily believe just because you're calling out certain unequities or inequities
in the marketplace that is somehow undermines the overall relationship. charles: i tend to agree with you. i tink we'll be pleasantly surprised, when the dust settles we'll have better terms for all involved. i want to ask you about actor robert de niro. he had choice words for president trump at the tonyç awards. watch that. >> i'm going to say one thing, [bleep] trump. [cheering] it is no longer, down with trump. it is [bleep] trump. [cheering] charles: your reaction? >> you know it is funny you wonder why all ese shows continue to get lower and lower ratings. not necessarily the ratings. these people are trying to make everyone of these shows a political cause. they completely, it is a, it is completely inappropriate to do that to a prime time television audience. continues to exacerbate the chasm between the american people and hollywood.
show how out of touch they are. den near know shows exactly hypocrisy of the left. they want to call it the press for certain things. they engage in the same behavior they find reprehensible. they do it on public airwaves where every american can see it, to see how deplorable they are. amazing to me this kind of behavior doesn't get called out on the left. holier than thou attitude when they call it out on the right. charles: hypocrisy speaks volumes. sean, always great talking to you. hope to see you again real soon. >> thanks, charles. charles: look at on scientific. resumed tradingç this afternoo. stryker is making a bid to take them over. boston scientific is 13-year high. this rumor has been around for 13 years. more "varney" next. hi, i'm joan lunden with a place for mom,
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charles: more on the fç -- g7. here is the president how tariffs affect farmers. >> we'll make the trades fair because our farmers have been hurt. you look at our farmers, for 15 years the graph is going just like this, down. our farmers have been hurt, our workers have been hurt. charles: our next guest is a 7th generation farmer, casey guernsey. he is here with us. casey, tell us about president
trump's tariffs and your thought how they might impact farmers. >> well, right now i can say, first of all, that as a farmer we're very grateful to have a president who is really advocating for us. looking out for our best interests. at the same time you know, it is, past 12 years we've only seen a loss in income on our farms, and that's, pretty scary place to be, particularly when a lot of us are dealing with drought on top of the economics of today's, you know, today, and so anytime we start talking about tariffs, that is really concerning. and would prefer that the president and administration focus really bringing together the best possible trade agreement through nafta. we have seen howç good of a tre deal has been over it is course. we would prefer that we stick to that conversation, rather than tariffs. charles: what does your farm
produce? >> so my family is in the beef business. we have been for a number of generations. we raise and sell bulls to other farmers. so our business is a little bit different than traditional beef farm in that our customers are other farmers. and right now we're seeing a lot of our customers sell off their herds because of economics and because of the weather. that affects our business years down the road, as well as theirs. charles: according to the world trade organization, canada has 26.5 tariff on bovine meat. would you like to see that go down? if it did, would it ultimately help your business and those you deal with? >> sure, if we can improve nafta, that is a win for us. and we are very, very acutely aware that between canada and mexico, those are our second and third largest trading partners. charles: right. >> and so from an agricultural
[laughter] charles: it's 11 a.m. in new york, 8 a.m. in california, and we have got a big show for you covering, of course, this historic north korean summit. but before we get into that, i want to alert that we've got chicago cubs co-owner todd rickets who's coming up on "varney & company," and he has a message for both the president and the eagles, and he's here to tell us in just about 15 minutes from now. but first, we're just hours away now from that historic summit, president trump meeting with kim jong un. this video on your screen was kim jong un just leaving the sands casino in singapore. joining us now, steve forbes,
editor-in-chief of "forbes" media. we've got to start off, everyone speculating how this thing will come out and, ultimately, handicapping what victory l like. what do you see? >> well,ç victory's very clear. north korea gives up the nukes, north korea gives up its missiles and is no longer a threat to the united states or south korea. the question is what are they going to want in return. i don't think they're going to give up their nukes. i think ultimately what china wants is to have us withdraw our troops from south korea and make south korea closer to china politically and diplomatically. north korea probably wants a little independence from china, but th only are going to get real aid from us unlike the past when they actually get rid of the nukings. charles: respect they looking for a capital -- aren't they looking for a capital investment? >> well, they've had it in the past from china. the chinese companies have had very bad experiences there. they have no conception of legality or anything else that makes a business viable. so if they want to do it,
they've got plenty of people in south korea that can start doing the basics, 101 is, on how you allow a business. and that's the thing politically if you start to allow independent businesses in north korea, you're creating an independent merchant class. and a genuine commune bist regime like north korea doesn't want that. charles: but by the same token though, kim jong un was driven to the negotiating table for a variety of factors x circumstances do change after, sort o*áuáality. century of this it cannot go on indefinitely with or without a merchant class. it seems like the people would eventually rise up, and there's something in it for him if his country were to modernize and have a sort of self-sustaining economy, isn't it? >> well, it is, but politically as we've seen in cuba after barack obama's great opening -- not -- cuba's more oppressive today than it was five years ago. so trying to -- they don't want to give up power, and that's the thing. regimes in the past have gone over the cliff because they
ultimately can't make the changes. now, if there was a way to guarantee his survival where he could have a nice villa on the riviera and a nice 401(k) and things like that, all the bottles and actresses he wants and leave the rest of the world alone, we'd try to arrange it. but politically, you've got a real problem. south korea, what south korea does the not want is a quick reunification with the north. they looked at germany and saw the huge costs there, so it's going to be a very difficult thing. but the key thing is, is he willing to give up the nukes and the missiles. if he isn't, going to be hard to get a deal. charles: all right, steve, you're with us for the hour. right now want to bring in the director of defense studies at the center for the national interest. harry, same question to you. in your mind, what does victoryç look hike for president trump? >> charles, i would probably amend what steve said. i think what the trump administration's looking for is some sort of pledge, maybe a joint statement that kim jong un says i will give up all my nuclear weapons at date x.
i think date x is essentially the end of trump's first term or say january 2021. the problem here is that kim jong un is not going to give up his nuclear weapons. we have to think of it this way, that those nuclear weapons are enshrined in their institution, it's in their stamps, they literally make cakes occupant of the missiles -- out of the missiles. it's essentially like asking somebody to cut off their arm. the north koreans aren't going to do that, the only way i could see maybe they would is maybe hundreds of billions of dollars in economic aid up front, a peace treaty, diplomatic recognition. they would want all the goodies up front, and i think the trump administration would be crazy to do that, and i don't think their going to do it anyway -- they're going to do it anyway. charles: sounds like it might be a lot of fanfare, but nothing much can come out of it. it seems doomed from the start. >> i don't think it's doomed. i think they're trying to do a diplomatic hail mary. i think what trump wants to do, he's going to get in the room
with kim one-on-one, he's going to kind of stare him down a little bit, i think he's going to press him ní denuclearization, and i think the president's going to pit it to him -- put it to him point-blank, do you want to denuclearize? if the answer's no, maybe, we'll see, some sort of aspirational thing, i think trump might walk out, and i actually hope he does do that. charles: harry, thank you very much. of course, we want you to stay withn. we've got all-day coverage, in fact, tonight very special coverage begins at 7 p.m., and fbn will be live throughout the overnight hours, well into tomorrow morning as you can see right there. steve, let me bring you back in here. so the alternative, what happens if there's no deal? we talked about these 300 odd sanctions, the sword of damocles, but north korea goes back to launching nuclear missiles -- i mean missiles, rather, intercontinental ballistic missiles, goes back to perfecting their nuclear
capability. it seems that the ultimate road there is some sort of massive military confrontation. >> well, the key thing is by applying those sanctions in the way we've never done before, you really weaken that regime. one of the thing that kim wants out of this meeting is we stop these joint military exercises with south korea. why does he want to do that? because it's very expensive for north korea to be, respond to these military exercises. a real strain on them. they have a minuscule economy. so he's under immense pain, economic pain that could destabilize that regime. we've just got to keep ratcheting it up. we've also got to make very clear we're going to supply south korea is anti-missile and one thing we should also consider talking about nukes, in the early '90s, we withdrew tactical nuclear weapons from south korea as a way of trying to ramp things down in the peninsula. well, we should say if we don't get a deal, we may bring those back. so in other words, put pressure
on him to do a deal, a deal that he does not wanted to do now -- want to do now. the pain work. [laughter] charles:hat's what i always say, the pain will work, give me a chance. hey, let's check the big board, folks. the dow, we've slipped -- this is sort of the lows of the session. not anything dramatic per se. mcdonald's off $2, it's just sort of that wait and see mode, right? the intensity is there, you can feel the tension, a lot of it pointing to tonight. what's going to happen. you know, while we've curbed our anticipation, let's face it -- ashley: expectation. charles: yeah. and, of course, there was the drama over the weekend with president trump and justin trudea steve forbes, the g7 drama, it has an impact on the markets. in fact ors none of the headlinesç over the last few weeks have hurt the market like they were a couple months ago. what do you attribute that to? >> the markets think at the end of the day -- whether it's the end of july or the end of june -- a deal will be struck, that we won't have a global trade war or serious tariff war.
tariffs are sales taxes. you understand that, you understand why people are skittish about having sales taxes on their imports. so the markets think something will be done. if the markets actually believe that nafta would blow up, we'd have a serious global trade war, everyone putting on tariffs restricting trade, you'd see the market go down several thousand points. market thinks at the end they'll come to an agreement. charles: what would the agreement look like? i mean, at this point i think president trump has dug in too deeply to have it be the status quo. >> what they should do, the president sort of threw it out there the other day, is to have a free trade zone with us and the europeans. so what they should start to do is negotiate a framework to start serious negotiations and having a real free trade agreement, getting rid of the tariffs, getting rid of the non-trade barrierses and the like. you start that, the markets would go up in the opposite direction, serious negotiations. charles: but that brings the reality out to the slow economies, particularly these european economies which have just dwindled with respect toç
important and influence even in canada, you know? this new tpp, they went out of their way to protect cultural industries, you know? so they protect dairy, they protect beef, they protect these industries because they don't have a lot of other toing fo them. you're asking them to say, hey, you know what? open your markets up and maybe watch these industries come under serious competition at home. do they have the political will to get that done? >> well, they did do, nafta did have a lot of those industries come under pressure, and as it turns out it was a good thing for all of us. and so the key thing is if it's a comprehensive agreement where we reduce barriers, they reduce barriers and remember, even though their economies aren't what they were relatively, they're still huge -- charles: large, i understand. real quick before i let you go, sunset clause, nafta. >> and the real world five-year sunset clause, you can't make investments, plants and the like, over the --
charles: well, our next guest says presit trump should once again invite the philadelphia eagles to the white house. he says it's time to leave the politics at home. and the same for the eagles. todd rickettss, co-own or of the chicago cubs, and rnc finance chair. todd, first of all, why do you want to see this happen? and is it really possible at this point? >> well, charles, you know, my view on this is that we, you know, a few years ago we won the
world series with the cubs, and we were invited to go to the white house with obama. i'm a pretty solid republican. bu know, when the president invites you, you show up and you come and you have fun. and really i just wanted to say to the eagles and those guys that you can haveç fun, set ase your politics for the day and go enjoy being celebrated, enjoy having reached the pinnacle of your sport. and if you really need to, i'm sure the president would be happy to take the time to have a conversation about the issues that are on their minds. but really it's a rare opportunity to get to go to the white house, and i don't think anybody should skip it. charles: of course, though, we've seen now in the world of sports and entertainment there's a is sort of hatred toward president trump. robert deniro displayed it last night at the tony awards. both teams in the nba finals said today had no intention of meeting with president trump. so, you know, for the white house to extend these invitations and be snubbed or just two players show up can be pretty embarrassing, todd.
>> well, you know, and i think it goes back to just this idea that, you know, at the end of the day whether you're a democrat or a republican or whether you're an eagles fan or a patriots fan or warriors or cavaliers are, we're all americans. and at a certain point, i think people go to sporting events really to kind of get away from the grind of politics, the news of the day and what's bugging them at home. sports are supposed to be a little bit above those politics. and i get it, i get a lot of these guys didn't vote for trump and maybe don't like him being president. but again, for the good of our country, i think it's good to haveç the sports teams visit te white house. it's a rare opportunity and i don't think anybody should skip. charles: i get the escapism when we do go to sports except for new york fans, we just go to get drunk because we know our teams respect going to win. other than that, todd -- that was a joke, by the way. [laughter] on friday president trump threw out this sort of overture, and i think it came from the hip, but it was pretty compelling saying
to nfl players and other professional athletes if there are folks out there that you think have been wronged by the justice system, come up with a list, present it to him, and he would vet that list. is that the kind of thing that could chip away at this animosity on both sides and ultimately get this thing back it was, just a celebration of success, you know, without politics? >> well, like are i said, you know, i think the president is sincere in his comments, and really what i've found is that the president is someone who is almost always willing to engage on just about any topic if you want to have that conversation. you know, my suggestion, what i wrote in "the new york post" was go and enjoy the day, but they want to go and have a conversation with the president, i think it's a good opportunity to really push forward the issues that they have. you know, sometimes protests a good way to make a point or highlightç issues in our socie, but if we're going to solve problems, we have to have conversations and move forward. charles: there was a time we
used to protest to get a seat at the table, so it's odd folks would turn down that invitation. todd, i've got another one for you. you are, of course, finance chair for the rnc. and, you know, earlier this year we were hearing a lot about that blue wave. in the last couple of weeks, it's sort of faded a little bit particularly as the rnc's campaign numbers have come in versus the dnc. so are you concerned -- how concerned are you about this potential blue wave? >> well, yeah. i mean, there's nothing you can take for granted. at the rnc we're working very hard. i think ron is doing a great job as operating, so i think that's going very well, and from my point of view the fund raising is going well. but i really wanted to come on today and talk more about being a sports and entertainment team owner, a sports franchise owner and say, you know, this is something where we're supposed to be a little bit above the politics, and let's remind ourselves that we're all
americans. charles: if your team wins the next world series, do you think o would object to going to the, white house? >> you know, i don't know. we actually have the opportunitç to go twice with the cubs, and i think just about everybody showed up both times, and i think the people wmissed had personal reasons for not being there. so i think that they will show up, and i'm going to correct you, charles. i'm going to say we are going to win the world series this year because we have the best team in baseball. we just have to start showing people that's the truth. charles: all right. well, i want to say thank you because, you know, this is a situation where we want to hear calmer voices, and i think it's a mistake when these players or someone like a meek mills who has a compelling story is invited to by the president to e white house and they don't show is up, it doesn't have to be that way. todd, thank you very much, appreciate it. >> thanks for having me on, charles.arles: all right, thank. we'll be joined by ace hardware, they're the company thriving
through this retail ice age, and we're going to ask why is that. and, of course, before that i want you to listen to this outrage. california democrats want to extend a tax break for illegal immigrants. [laughter] charles: that's right, more "varney" coming up. ♪ ♪ mgx minerals' disruptive technology can extract lithium -
charles: all right, let's check on the pe of oil, up slightly today at $66. and, of course, take a look at gas prices. national average for regular now $2.92. there are rorts from states and the district of columbia that are in the $3 club, and that's where it's about $3 a gallon. the kilaueaç volcano eruptg again over the weekend sending ash 10,000 feet into the air, and scientists are warning of increased seismic activity at the summit saying another explosion is expected in the next few hours. more than 600 homes have been destroy by lava since the begin may. in colorado, the high winds are fueling a wildfire that's been burning for nearly two weeks. crews say the fire in southwest colorado nearly doubled in size over the weekend. and it's already burned nearly 17,000 acres, that's an area
larger than manhattan. more bad news, there's no rain in the forecast. more than 2,000 homes have been evacuated. and some more headlines, pope francis telling major oil companies that there's no time to lose in tackling climate change. the pope holding a summit of energy leaders at the vatican including the ceos of bp and exxonmobil. he warned the execs that they must do more saying energy use must not destroy civilization. and check on facebook, the "wall street journal" reporting facebook gave some companies special access to additional data about users' friends. finish this reportedly happened after the point in 2015 that zuckerberg said it had cut off all developers from that information. and then there's this, president trump says he's likely to support bipartisan efforts in congress to ease the federal ban on marijuana.ç the legislation would allow states to decide what they want to do. the president's comments put him in conflict with jeff sessions, the attorney general, of course, who has been an outspoken
opponent of pot. steve forbes, would you make at investment in marijuana right now? >> i think marijuana's like smoking or any other substance, i don't know why it has this glamour. it's amazing, people who don't like regular smoking are saying, oh, we must legalize marijuana. okay, it's going to be legalized one way or another. let's not have any illusions about what it can do to you. states want to do it, they should do to, have the kind of restrictions you have on booze and cigarettes because this can do you harm -- charles: so you remove the federal regulations so they can do some banking on this and collect more taxes. >> oh, the states are always hungry for more taxes, the feds are hungry for more taxes, they would do anything to get more taxes, so that's not out there. that's not the reason to do it. people are doing it so, therefore, deal with it. deal with it in a way which consequences of it like anything else. charles: hey, that historic meeting between president trump and kim jong un, well, it's happening just hours from now. up next, a man who says
charles: hey, check on the big board now, the dow jones essentially unchanged. you can see practically half the names are higher and half the names lower so far session. want to get back now to that historic meeting between president trump and kim jong un. well, it's just going to happen hours from now, and joining us now is john highbush, executive director of the ronald reagan presidential foundation, also the author of this book. john, how does this summit compare to that, the one, of course, the historic summit with president reagan and gorbachev? >> well, charles, there's a number of similarities. you know, in trump's case if he wants to follow reagan's success, the first thi he's done quite well and that's, you know, surround the country economically. the sanctions that he's been able to put in place, i think, have been what has brought kim jong un to the table. gorbachev was suffering terribly on the economic front, so the
table is set for success. but he needs to go into the meeting two things, having a strategy and being incredibly well prepared. and i think he's got a strategy in hand, you know? he wants to highly focus on denuclearization which is just right. on the prepared front, well, he and reagan are really very,ç vy different on that front. trump goes by instincts almost completely. reagan had strong instincts, but he went into these summits with gorbachev incred by well prepared. -- incredibly well prepared. charles: the move when president trump abruptly canceled this meeting was met with almost horror, you know, by the media. but within 24 hours, it felt like north korea blinked, they came back to the table, they made nice. and some were comparing that to what happened in reykjavik. finish. >> yeah. you know, in reykjavik president reagan got very close with gorbachev to just zeroing out nuclear weapons, you know, essentially around the world
more both sides. and i think trump sees the potential, he's hearing from his secretary pompeo, his secretary of state, that the kim jong un is possibly for the very first time ready to sit down and do real business in the way of denuclearization. we'll have to see, but i think that trump's instincts here are step away if necessary, just like reagan did. charles: steve forbes is still with us. what's your reaction to that also and the idea that the argument for a long time is that we should have a business person in the white house, and sometimesç business people are, do more delegating. so the background that ronald reagan had to prepare for his meeting with gorbachev perhaps donald trump hasn't done that, but he does have the sort of instincts. he's been negotiating with people around the world for at least four or five decades. this is really the first time kim jong un has ever had to negotiate with anyone in his life. >> well, yes. and his father and grandfather
negotiated in the past, and it took the west to the cleaners. made a lot of nice promises, took the money and then say come back to the table in five years because we're going to be misbehaving. we are misbehaving. so the president has to b prepared almost from the get go if he doesn't think -- and what they have to do from the beginning, charles, what do you mean by denuclearization. kim may say, oh, we'll take our weapons away, but you take your troops out. the president's got to be prepared to say, no, we're talking about the weapons not about our presence in south korea. charles: john, and that's been done to a degree, hasn't it, by both teams in preparation for this? so this conversation steve's talking about, obviously, they have to have it, but it would be affirming what both sides have already sort of pledged perhaps? you know, i think president trump wisely in the last couple of weeks has, is in some respects resetting the table. i think he's done a much better job recently ofç setting expectations to the point where if he simply meets with kim jong
un in some respects, he'll consider that a success. it hasn't been done before. but i think steve's right in that, you know, a lot of the devil's inthe details in something like this. president trump is, he's negotiating major, major real estate deals and business deals around the world for many years. what he might well find in this one is he better keep his secretary of state mike pompeo very, very close to him, to his side of the table because once the talks get, start to get specific, once they start talking about what they'll actually do, it'd be really important to be well versed in this summit of what denuclearization -- in this subject of what denuclearization truly is. charles: go ahead, steve. >> another thing, too, what do the words mean. back in 1968 richard nixon thought he had an agreement with the japanese on textiles, big issue of the day. he thought japan said yes, japan
didn't think they said yes, huge misunderstanding. they've got to understand what exactly do the words mean so they don't have that kind of misunderstanding. charles: john? >> yeah, you know, as steve knows, there's a famous moment in history where the walk in the woods as it were with reagan anç gorbachev, and that kind of comes to mind here as i think about what might be ahead for us. imagine, you know, the 5-7 kim jong un standing aside the roughly 6-1 or 6-2 donald trump as they potentially go off alone and talk about what's really going to happen here. that's why i think it's just absolutely critical for president trump to go beyond the smiles and the nice to meet you and getting to know you and talk about whatly gog be ahead of us here in the way of true denuclearization. john heubusch, thank you very much, appreciate it. >> great to be with you. charles: an investigation in florida found that the state
failed to review weapons' background checks for a year because an employee couldn't log into the database. all rise, judge andrew napolitano is here. i see a lot of court cases coming up on this one. >> well, i mean, it's an act of negligence on the part of the state of florida, and guess what the state of florida has done for its employees? unionizedded them -- immunized them from lawsuits. if you or i did something like this and someone got a concealed-carry permit because we failed to do our work and we weren't government officials, obviously, we can be sued. so this is a access to aç database that the fbi has. i have -- i'm very familiar with this. it can take between 15 minutes and an hour and a half depending upon how many people are accessing the database. one database in washington, d.c., and it can be accessed by all 50 states as well as by dealers. we're not talking about a dealer. we're talking about somebody that already owns the gun, makes an application to the state of florida for a carry permit. florida has a very, very low
threshold for issuing carry permits. there are nearly two million carry permits in florida. but the one requirement it does have is that you pass this test. the test, you know, could be garbage in, garbage out. it's only going to reveal what's there. but theoreticly what is in there is all quiks, all criminal charges -- all convictions, all criminal charges, all serious allegations of violence and any psychiatric inappropriate behavior that's been recorded. florida failed to check on those for a 13-month period. the government disobeyed its own laws. is anybody surprised? charles: no one's surprised, but it is breathtaking that it went on that long. >> yes. charles: someone just couldn't get into the computer. >> lest people watching think this is hypothetical, the person in charge of this isç the commissioner of agriculture. currently, the leading republican candidate for
governor has a lot of explaining to do about how his office could have been this negligent in the something as deadly as this issuefor this long, 13 months. ud though they may try to immunize themselves, will the courts allow that to happen? the courts in the past have said some immunities are illegal. >> yeah. you know, it's a lot of hoops -- it's a great question, steve. it's a lot of hoops that they have to jump through. first of all, there has to be harm. so someoas actually harmed. then you have to show that if they had properly conducted the test, this perp wouldn't have gotten the -- this person wouldn't have gotten the gun permit. so you have ump through those hoops. but florida, like our home state of new jersey, makes it nearly impossible to sue the government for its own negligence. charles: all right. crazy story, wow. thanks a lot, judge. >> you're welcome, guys. charles: hey, let's get a quick check of gold. it's been sort of sideways for a while, up a couple bucks right now. bitcoin, on the other hand, has been extraordinarily volatile,
getting hit bigtime over the weekend on a major, major cryptocurrency breach in korea, down $100 right now. now here's one area of retail that's been immune to the ice age, tools. we haveç ace hardware with us, they're the largest retail outfit in the world and, well, they're on "varney & company" next. ♪ ♪
♪ ♪ >> i'm nicole petallides with your fox business brief. lots of news coming out of the e3 gaming expo in almost a.. we're seeing -- l.a. big news from microsoft in that they are building a game streaming service from the cloud are. the analysts are hot on this one, in fact, morgan stanley said we see microsoft building up the netflix of gaming. and microsoft confirms this ud gaming service probably within the next three years. also the chief of gaming revealing that microsoft is working on a new xbox console. microsoft not too far off its all-time highs. some of the other high profile games i got from web bush, you can see callç of duty and electronic arts at a new high, it's going to incorporate something like fortnight which has been very hot, doing very
well over the last 52 weeks. g i. last night i warmed your feet so you fell asleep faster. i sensed you roll over and automatically softened your side to melt away pressure points and keep you sleeping blissfully. at 2am, th happened. so, i took care of it. does your bed do that? i'm the new sleep number 360 smart bed. now you can wake up to smarter sleep. let's meet, only at a sleep number store. here's something you should know. there's a serious virus out there that 1 in 30 boomers has, yet most don't even know it. a virus that's been almost forgotten. it's hepatitis c. hep c can hide in the body for years without symptoms. left untreated it can lead to liver damage, even liver cancer. the only way to know if you have hep c is to ask your healthcare provider for the simple blood test. if you have hep c, it can be cured. for us, it's time to get tested. it's the only way to know for sure.
for us, it's time to get tested. this is where i trade and manage my portfolio. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities - trade confirmed - and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. charles: as you know, the retail ice age is a them a covered on -- three covered on "varney & company" for a long time, but ace hardware is thriving. joining us now, cane calamari, cane, first of all, your retail business continues the grow, so what's the secret? >> yeah, good morning, charles, and thanks for having me on. we get that question quite a
bit, the question is how is ace hardware succeeding while the retail landscape's moving in the other direction. it's not for lack of competition. obviously, we've got home depot, lowe's, walmart, amazon, cleary strong competitors. but i would say when we look at our business, there's a couple different things that make us successful. our track record has been strong. we've had record sales and profits for five of six years, our same-storeç transactions ad sales are moving in the right direction. we're going to open 160 stores this year, and there's not a lot of retailers that are out there doing that. and lastly and most importantly is our associates and the owners are looking to see if we can win our 12th j.d. power award in the home improvement industry, something we take great pride in. and if you ask, like, well, how are we doing that, i'll give you just two quick things on that. charles: right. >> i think the independent owners, the fact that our stores are independently owned and operated and the fact that our openers live in the communities
they serve, when you're serving your neighbors, go to church with your customers, it really makes a difference. and i won't go through all of them, but our strategy is working, and our strategy is this: we are rabid about delivering service, convenience and quality. and when we do that well, we win in more than 4500 communities across the unied states. charles: right. well, steve forbes is with us, and i remember, steve, when home depot was really blossoming and, you know, the story was they're going to put all of these -- ace was suppose be to be a victim of all this. and now we're seeing particularly this year in the market where some of these retailers have figured it out. and isn't that the essence of competition? is. >> it is. and i'd love to hear some stories about the kind of service they provide. people like service. and also i think maybe withç hardware there's -- people like to feel things. it's fun to see pictures of stuff, but it's fun to go in and feel the stuff. charles: on that note, kane, my wife goes to the hardware stores, she's great at it, i'm
not. but she complains about customer service, about the people who work at those other stores, those big boxers, they don't know where anything is, and often they don't have it after they've her they did. so i believe that personal ce is so important, and people are are willing to pay fr it. congratlations on your success. now as a result, you guys are doing a lot of philanthropic things, i know ace hardware making a multimillion dollar, you know doing a multimillion dollar thing for children. tell us about that, please. >> yeah, that's something our company's been involved with children's miracle network hospitals for 26 years. and during that 26 years, our local stores all across the country have been raising money for children's hospitals, 170 of them. so local money raised goes to local hospitals. and we've raised about $93 million. and so what happened a few weeks ago, the local hospital here in chicago, which is a world class pediatric hospital, it's the ann and robert h. lurry children's
hospital in chicago, they came to usç and said they have a new campaign called for every child. and they said we'd like you to be that initial corporate sponsor so we can kick start this campaign that's going to raise hundreds of millions of dollars in the chicago community. so we went to the 150 stores in the chicago area and said, hey, why don't we do this. do you think we should do this. and our local owners who are just passionate about their business and about helping the local hospital said, yes. so the entire company is swelling with pride because last week we were able to announce a $10 million gift to the children's hospital right here in chicago that's going to help lots and lots of kids and lots and lots of families. charles: kane calamari, we appreciate you coming on and much more success. >> thank you very much. charles: hey, take a look at planet fitness. record high today after cowan and company raised their price target to $50. also check out fitbit, having a nice gain. the company announcing a new wearable fitness monitor for
kids. and we told you quickly about this earlier, california democrats want to extend a tax break for illegal immigrants. we've got the details on that next. ♪ ♪ ♪ this is a jungle gym... and a baseball diamond... ...a mythical castle ...and a grand banquet hall. this is not just a yard. it's where memories are made. the john deere x350 select series with the exclusive one-touch mulchcontrol system. nothing runs like a deere™ save $300 on the x350 select series™ tractors with the purchase of a mulchcontrol™ kit.
save $300 on the x350 select series™ i mwell, what are youe to take care odoing tomorrow -10am? staff meeting. noon? eating. 3:45? uh, compliance training. 6:30? sam's baseball practice. 8:30? tai chi. yeah, so sounds relaxing. alright, 9:53? i usually make their lunches then, and i have a little vegan so wow, you are busy. wouldn't it be great if you had invest that worked as hard as you do? yeah.
charles: california democrats wa to extex break for illegals. their proposal would expand that state's earned income tax credit to low incomeies of undocumented imp grants. sporters say the expansion -- supporters say the expansion would help parents whose children are u.s. citizens, it would cost the state an estimated $70 million. steve far forbes -- steve forbes, what do you make of this one? >> it goes to show how badly we need immigration reform instd of having these ad hoc approaches. it just is ridiculous that they can't come to grips with thing. by the way, even though the president gets rapped on his knuckles on this thing, remember about a year ago, several months ago he offered to make legal in this whole daca thing 1.8 million people. obama had proposed 700,000.
he put 1.8 million on the table, got criticized by his party, and the democrats rejected it. so this is just part of -- charles: so democrats as a political ploy -- [inaudible conversations] a couple of democrats actually said, hey, i'd swap the wall for this funding and for this daca deal. but the leadership, nancy pelosi and chuck schumer, they continue to do a calculus that saysç its okay even be they take some of the blame that enough of the blame will still be foisted upon presnt trump and the republicans. >> president trump could say the sun's going to rise tomorrow morning, and nancy pelosi would want a resolution denouncing him for it that's going to burn us all up. it's the environment we're in. charles: our next guest just got back from a visit to the southern border. he was this on a fact-finding mission. joining us now, congressman kevin yoder, republican from kansas and homeland security appropriations chair. congressman, tell us what you learned at the border.
>> well, thanks for having me on the show, charles. we just got back from texas at the rio grande valley last week where we saw firsthand the efforts of mexican cartels to traffic drugs and humans across the border daily. you know, our border patrol agents are down there working as hard as they can, but they need our government to back them up with better measures, so we're talking about getting the barriers and walls built there, investing in technology and giving them more agents. what we've just seen is this rio grande valley region is where our biggest problem is. and the drug cartels, the mexican cartels are flooding the zone with drugs and human trafficking making a lot of money off of our inability to invest in the proper border security we need to do our jobs for the american people. charles: representative yoder, was it so brazen thatç you actually yourself, you saw firsthand yourself all of these actities going on? >> yeah. we saw people coming across the border. they have lookouts across the river where they have people that are acting like they're fishing, fake fickermen, fake --
fishermen, fake boaters, and mexican cartels who effectively control the southern side of the border. i guess i didn't know this at the time -- i just became chairman of this committee a few weeks ago, so i wanted to get was going on.order and see what i assumed some folks had maps and were families. the drug cartels are making thousands, the border patrol agents tell us there's a going rate of about $7,000 per person across the border, their using -- they're using children to get them through exemptions at the ports of entry and flooding all of these loopholes we have in federal law. so we need investment in security, but we also need to fix some of the loopholes that allow people to come here and claim a status and that sort of catch and release business that lets people right into the country. charles: and president trump's administration getting as tough as they could within the constraints of the current legal system but also taking a lot of heat and the idea that they're ripping children away from their
participants. what to you make of that? obviously, the imagery isç awf, but the fact that someone -- people are coming to our bordery outcome, i find equally or more despicable. >> well, i hate that the mexican cartels are trafficking these families and charging them thousands of dollars and putting them through very risky situations. we see children dying at the border trying to swim across see them going into stash houses, we've seen rapes and abuses and violence. and so it's a really, really bad idea to try to use mexican cartels to traffic families across the border and very risky for children. so that's what's causing all of this. there's also a 9th circuit court of appeals opinion that came down that essential hi ordered the government to split these families apart. they put the government in a no-win situation where they have to essentially take the families away from the folks that the government's trying to prosecute -- charles: right. >> and so that's really, i think this 9th circuit opinion is
what's made this happen. i think we ought to keep these families together. we need legislative solutions, we need maybe to invest in family housing. look, nobody wants to see these families split apart. i have a 2-year-old and a 4-year-old, it's heart wrenching, but we need to get to what's causing it. charles: representative yoder, thank you very much.kp &c @&c% really appreciate it. >> yeah, thanks for having me. charles charles we've got more "varney" right after this. ♪ i have to tell you something incredible. capital one has partnered with hotels.com to give venture cardholders 10 miles on every dollar they spend at thousands of hotels. all you have to do is pay with this... at hotels.com/venture. 10 miles per dollar? that is incredible. brrrrr. i have the chills. because you're so excited? because ice is cold.
happen he will walk away. charles: stay tuned to fbn all day. we have coverage of the summit, beginning tonight. we have special coverage 7:00 p.m., we'll be live overnight into tomorrow morning. we have a big lineup of big names. here is one of them. neil cavuto. neil: thank you, charles, very, very much we're following drama ahead of the big night. it will be historic. that is overused phrase here. what is remarkable throughout the worries back and forth on this, worries back and forth on trade, whether we're alienating our friends, markets keep climbing. we'll get into why that might be going on. why it could continue to go on. first the latest from singapore with our rich edson. rich? reporter: hello, neil, it is nine hours it is scheduled to be president trump, kim jong-un and their translators of the that is the first session. that is the second session broadcast or broadened out, excuse me that will inclues nation