tv Varney Company FOX Business March 19, 2019 9:00am-12:00pm EDT
a probe into its data sharing policies, you also have a boycott due to livestreaming. there's many reasons contributi contributing. instagram is part of facebook, also launching its own in-store buying option. maria? maria: catch a big rally at the start of trading with stuart. "varney & company" starts now. stuart: good morning, everyone. the world was talking about those racy texts from the world's richest man to his lover. now the world's talking about just who took that stuff to the "national enquirer." the "wall street journal" reports it was michael sanchez, the brother of laura sanchez, bezos' lover. he sold it all for $200,000. why did he do it? it's clearly a tangled mess and we will get into it. representative devin nunes is suing twitter for $250 million. he says they shadow ban conservatives including himself. nunes says twitter
systematically censors conservative opinion and ignored his complaints. his lawyer says twitter will be held accountable for abusive behavior and misconduct. let's get to your money. looking good this tuesday morning. the dow closed at 25,900 monday. it's poised to go back above 26k at the bell this morning. a gain of another triple digit gain. big show for you. look who we have. the president's daughter-in-law, lara trump. is the trump team worried by media-sav vy beto o'rourke. and john bolton. when will the tyranee y in venezuela dom an ends? it is a big show and it's great to be back. "varney & company" is about to begin.
stuart: again, this is what people are talking about. the general report that the "national enquirer" paid the brother of jeff bezos' mistress $200,000 for the private text messages between her and bezos. they were published in january. tell me more, susan. susan: michael sanchez paid $200,000 up front guaranteed which is unusual in the tabloid business. michael sanchez in a statement saying that he's not going to dignify the "journal's" reporting and this is just reporting old rumors once again from anonymous sources but the "wall street journal," this is an eight-page article. there's a lot of detailing in this. what i found really interesting is that it wasn't saudi arabia and wasn't the white house as jeff bezos alleged in that media blog post. was the brother of laura sanchez. interesting how ami, the owner of the "national enquirer" actually didn't want to publish this story. they didn't even want to pay for it initially with david pecker, who is under financial strain.
they were under a lot of debt in the fall of last year when this story came to light. they were trying to refinance $400 million in debt and while looking for a financier, you don't really want to go through these shall we say questionable, possibly dangerous, especially when dealing with a billionaire with a deep pocket that can take you to court for a long time, for a lot of money, there was a lot of hesitation but david pecker apparently and ami did decide to go ahead with the story. but that blog post and those threatening e-mails jeff bezos published, actually, that was a reaction to his financier who didn't want the ami and the "national enquirer" to be entangled in more possible allegations of being too close to a president in the white house. stuart: what a tangled mess it is. i wonder what michael's relationship is with laura. susan: not very good. stuart: i doubt it's very strong. susan: scorched earth. stuart: nicely put.
i will stay on this story. everybody is talking about it. the great lara trump is with us, senior adviser to the trump 2020 campaign. okay. the brother of jeff bezos' mistress is a big fan of president trump. bezos is not a big fan of president trump. >> we know that for sure. he's very clear. stuart: is there a connection here? >> i mean, i don't think so. personally, i don't really care about this story. i don't know how many people out there, i know you're saying it's what everyone's talking about but what does this have to do with anything, really? i don't know that there's really any connection. sounds like they have a little sibling issue they need to work out personally. i know my brother would never do something like this to me, thank god. it's a terrible thing. stuart: i would love to know how they work out that relationship. everybody will be talking about that, i'm sure. >> i'm sure. stuart: next case, beto o'rourke's presidential campaign off to a good start. raised $6 million in the first day after declaring his candidacy. he's already apologizing for what he calls his male
privilege. hold on a second. just watch this, everybody. >> but i will be much more thoughtful going forward in the way that i talk about our marriage, the way in which i acknowledge the truth of the criticism that i have enjoyed white privilege. absolutely. undeniable. stuart: okay. go ahead. react to that. >> can we all get over this? you are born a certain way. just embrace it and be who you are. listen, i know he raised $6 million in his first day, but we have no fears about robert francis o'rourke. i can guarantee you that a lot of that money that he made came from very big donors. at the trump campaign, on the other hand, we have had historic fund-raising since the president was sworn into office in 2017. we have raised over $58 million, 98% of that from small dollar donors, meaning $100 or less. what that tells us as a campaign is that we have the people behind us. the president has the support of the people behind him, not a
couple of, you know, billionaires that are financing beto's campaign. other than him being a great skateboarder which we all know, he's probably a better skateboarder than the president, i don't really know what he's offering the country. stuart: well, i think there's maybe two dozen declared candidates. >> quite a few. yes. stuart: is there one that you would single out and say that person worries me? >> i really can't say that anyone worries me. in fact, i have been saying, i don't understand why people are so obsessed on the democrat side with getting in this race for 2020. save your money, save your energy, run in 2024. stuart, you're not going to beat donald trump. there will be more people to vote for him in 2020 than 2016 because some of those people who didn't like him in 2016 now see that life is a lot better for them with a trump presidency and they will vote for him. stuart: most of these candidates are far left. >> very far left. stuart: that's absolutely true.
but their message has a certain appeal to a large group of people. free college, free health care. i know it's not free, but that's the message. that is appealing. >> yeah, they are appealing to people who don't live in the real world. they are appealing to people, to a lot of kids that are in college, that sounds great, you will wipe out my financial debt from going to college one day. who is paying for all of this? you look at things like the green new deal. $93 trillion, it would cost every household in this country $600,000 apiece which i think most people would say is absolutely bananas. they cannot get behind. it all sounds good in theory but it would bankrupt this country, it would send us into a financial downspin. you see what we have happening right now under a trump presidency. the economy is booming. people are making more money. people are in full-time instead of part-time jobs these days. we have manufacturing jobs by the hundreds of thousands coming back to this country which i know our previous president said you would have to have a magic wand to do.
apparently donald trump has it because they are coming back and people are doing better in this country. stuart: $600 billion, yes, $600 billion has been repatriated largely by large tech companies. i know you are out of time. we are out of time. thank you so much for joining us. come see us again. >> will do. stuart: thank you very much. a new white house report looks for a sustained boom in our economy. greg valiere is with us. he watches wall street for washington, basically. you're not going to get the sustained boom without an infrastructure bill, more tax cuts and more deregulation. all of that looks unlikely, doesn't it? >> yes, it does. so maybe the assumption of the boom is a bit overdone but you have got to acknowledge the key point here. if a lot of these policies don't get done, if the economy doesn't boom, monetary policy will stay very accommodative. stuart: therefore, you think that 3% growth this year and
next year and the year after is possible? likely? >> that's high. i think 2.5% is doable. i think we will snap back in the second and third quarters after a miserable first quarter that is about to end. but again, the key factor we will hear tomorrow from jerome powell in his press conference is that this fed is dovish. i think a dovish fed makes a huge difference for the markets. stuart: other than a change in course by the federal reserve, do you see anything on the horizon which would really slow down the economy or even put us into recession? >> i guess if we had to worry about something, i do worry a bit about the end of this month in the uk, as the brexit is really a messy one. could we see a heating up of inflation? there are all sorts of things. there's a guest you guys had on earlier who said inflation might be coming back. i think you have to really stretch to find something to worry about. stuart: one good piece of news
for the economy, for mr. trump, is a cnn poll shows 71% of people feel good about the economy. i think that's a high for that poll. remember, it comes from cnn, of all people. >> it's the economy, stupid. i think that is going to trump everything else. i think that we've got to get through mueller. there will be some things to worry about. but this economy continues really strong. you've got a labor market that continues to be red-hot. stuart: seems like the market just wants to go up, too. >> yep. stuart: greg, thank you very much, sir. see you again soon. let's have a look at futures on that note. the market just wants to go up. i think that's accurate. look at this. we are going to be up, what, 119, 120 points at the opening bell. about half a percentage point. we will go back above 26k. how about tesla. tesla is asking for volunteers to help it deliver 30,000 vehicles by the end of the month. the stock, though, down three bucks premarket. historic flooding in the midwest hammering farmers.
later this hour we talk to agriculture secretary sonny purdue. what's he going to do to help those farmers? the chaos in venezuela shows no sign of ending. maduro clings to power. question, is military intervention off the table? national security adviser john bolton is on the show. i will certainly ask him that question. "varney & company" just getting started.
stuart: the crisis in venezuela, the "wall street journal" says white house officials clashed over relief of venezuelan immigrants. some want to grant special immigration status for venezuelans who are in america illegally so they don't have to go back to the chaos back home. joining us now, national security adviser john bolton. sir, look, the crisis just keeps on going and going and going. you're a hard line kind of guy. is military action on the table at all in any context? >> well, look, the president's been very clear, all options are on the table. our objective here is the peaceful transition of power from maduro to juan guaido, the interim president. i think the momentum is in that direction. this is something that does need to be resolved. the chavez/maduro regime has made a complete mess of the venezuelan economy. it's impoverished a country with the largest oil reserves in the world, yet it's driven them into the economic basement. we need change there and we need
it soon. stuart: can you create that change? in what way will you create the change, in what way will you get this going out? >> we have already done several things. you know, there have been a lot of attempts in the last 20 years to get this regime out of power. they have not succeeded. but what they have not had is what we have already been able to put together, massive economic sanctions that are depriving maduro of the revenue that they use to steal the wealth of the country away from the people and keep themselves in power. we've got over 50 countries have recognized juan guaido as the legitimate president, the maduro regime is illegitimate. we are increasing the sanctions, increasing the political pressure. we are doing everything we can to get humanitarian assistance in to help the people, still blocked by maduro. and the opposition itself is doing a lot of talking behind the scenes to military figures and others to say come on over to our side, we are willing to grant amnesty, let's get on with trying to return government to the people.
stuart: i know it's a difficult question to answer, but can you put a time frame on the end game for maduro in venezuela? >> no, i don't think we can. look, this regime has been in power for 20 years and it may have been optimistic to think that it would just take a few days to get it to go away. look, it's being bolstered by the cubans who have over 20,000, 20,000 to 25,000 security forces in venezuela. they are telling maduro hold on, the united states has a short attention span, we have held on, just stay in place. that's not where the people of venezuela are. i would say 90% want maduro to go. i would say within the military in the enlisted ranks, 80% to 90% favor guaido, the junior officers favor guaido. so it's really just the top ranks that have benefited from the regime and i think their resistance is wavering. stuart: would america take any action inside venezuela through
any agency to speed up maduro's getting out? >> well, there are a lot of things that are going on that obviously i'm not going to talk about in public. the president has been very clear and maduro needs to hear it again, all options are on the table. stuart: i had to ask the question because i wanted that answer and i understand you can't tell us what you're doing but i guess i wanted to hear that something was being done. i believe, sir, you have confirmed that. >> all i can say, stuart, is i spend a lot of time on this subject. stuart: i'm sure. can i ask you about north korea? i believe you have warned the north koreans hey, no more nuclear missile testing. why do you issue the warning? >> well, the president himself said he would be very, very disappointed, his phrase, if north korea were to resume missile testing or nuclear testing. this was a commitment that kim jong-un has made several times at him now. if in fact they decided to start testing again, it would have a real impact on the president.
the president has given them a real opportunity for a bright economic future if they get rid of their weapons of mass destruction and ballistic missile programs. i'd like to say he's holding the door open to him to a very bright economic future. it's really just up to the north koreans to walk through. stuart: are you enjoying the job, sir? >> look, this is really a challenge every day and it's a real opportunity to serve the country. there's no doubt about it. stuart: sir, it was a pleasure having you back on the program. you used to be a familiar face on this program. we missed you, sir. thanks for coming on today. >> i miss it, too. i'll see you again soon, i hope. stuart: yes, sir. john bolton. thank you, sir. take a look at futures. how will the market open this tuesday morning? a triple digit gain that will carry the dow above 26,000. that's what we're looking at. look at ford motor company. going to ramp up production of its large suvs. they are adding 550 jobs at a kentucky plant. the stock languishing at $8 a share.
congressman devin nunes suing twitter for $250 million. he says they shadow ban conservatives. he calls the company's behavior abusive. more on that in a moment. the stock actually premarket is up a little bit. we'll be right back. i knew about the tremors. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions.
but now, doctors are prescribing nuplazid. the only fda approved medicine... proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your parkinson's specialist about nuplazid.
then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast.
stuart: california republican devin nunes suing twitter for $250 million. over what? ashley: defamation against himself, also accuses twitter of basically shadow banning of conservative opinions, essentially selectively enforcing its own terms of service to benefit opponents of the republican party. $250 million. let me read what his attorneys are saying. there's a statement here. says twitter is a machine. it is a modern day tamany hall. congressman nunes intends to hold twitter fully accountable for its abusive behavior and misconduct. stuart: they actually have some fake sites. ashley: three or four of those. they spend their entire time trying to knock down nunes and the gop. they are calling them out on it and they didn't take it down. stuart: that's the fly in the ointment, i suspect. the stock, if you take a look at
that, no reaction. this is premarket. the story has just broken. you might have expected some kind of reaction of the stock but it's not there. it's actually up about a quarter of 1%. i want to bring in market watcher eddie gabor. you have this lawsuit making all kinds of accusations and the market shrugged. why? >> it's too early to tell. the market will wait and see what happens with this lawsuit. i don't think there's any doubt if he wins this lawsuit or there's any type of evidence that shows that some of the things on twitter were influencing elections, that's a big problem for the stock because from a regulatory perspective, now you are looking at investigations and possible regulatory hurdles they are going to have to hit. that's one of the biggest risks in social media stocks and companies is regulation. that's going to increase costs. stuart: your book is published today. >> yes, sir. stuart: hits amazon today. >> that's correct. stuart: it's called "the common sense law." i happen to know one of the things you recommend is having the right coach for your money.
>> that's exactly right. stuart: you of course would be the right coach, would you not? >> some people would agree with that. stuart: a coach? >> absolutely. i'm a big believer in not only goal setting but building the right plan but more importantly, have a trusted coach that will hold you accountable. stuart: that's you. stay there. the market opens in just a moment. we will be up maybe 100 points for the dow. back with the opening after this. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands?
might mean a trip back to the doctor's office just for a shot. but why go back there when you can stay home with neulasta onpro? strong chemo can put you at risk of serious infection. in a key study neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. neulasta onpro is designed to deliver neulasta the day after chemo and is used by most patients today. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur.
the most common side effect is bone and muscle ache. if you'd rather be home, ask your doctor about neulasta onpro. pay no more than $5 per dose with copay card. hey! you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do.
stuart: all right. just ten seconds to go this tuesday morning and this market will be open and off we go. looks like we're going to open to the upside. looks like we'll cross 26,000 in the first couple minutes of trading. we're off, we're running. 9:30 eastern time. already, we're up 83 points, 80 points. 25,999. buy something, somebody. yeah, there you go. up 92 points, 26,011 is where we are. that's a gain just over a third of 1%. how about the s&p 500. by the way, i see a lot of winners amongst the dow 30. the s&p 500 in the very early going is also up about one-third of 1%. check the nasdaq, please. technology had a terrific day yesterday. look at it go this morning. you're up nearly a half percent on the nasdaq. fox corporation, first day of trading for it as a stand-alone company, that is the parent of this network.
more on that in just a moment. first day of trading. who's with me? d.r. barton, eddie gabor, susan li and ashley webster. now this. first of all, the "wall street journal" says the "national enquirer" paid the brother of jeff bezos' mistress for those racy text messages. d.r., will this have any effect on amazon's stock at all which i believe is up again this morning? >> no. maybe a little bit more on my opinion of mr. bezos but certainly not on the stock and not on his ability to run the company, stuart. we are seeing that reflected in the price now. i'm still a big amazon bull, as you know. stuart: everybody talks about it. no impact on the stock because it will have no impact on the way the company is run. >> right. stuart: the stock is up this morning. all right. next case is tesla. they are asking workers to volunteer to help the company deliver 30,000 vehicles before the end of the quarter. that's about, what, two weeks
away. red flag for investors? >> it is. tesla has been a stock that i think has been challenged. i don't like tesla but it's one of those stocks that i wouldn't bet against either. but i would just stay away. i think short term, they've got some risks and this isn't the first time they have had an issue delivering on production. stuart: down to $266 now. >> talk about comparing and contrasting. amazon, the king of logistics. here is tesla, who elon musk himself said we've gone from production hell to logistics hell. they bought a company, a small logistics company, and they are just in huge trouble right now. ashley: the company itself is hell. susan: i think probably more prescient at this point is what the judge says in the violation of the s.e.c. settlement, he says tweeting out the 500,000 deliveries might be breaking your deal. >> the inefficiencies they have as a company is a problem when you are trying to execute. stuart: i suspect the stock is down for that reason and also
because the s.e.c. says you shouldn't be doing this. >> no elon musk, no raising money for that company. that's the problem. stuart: how about boeing. the ceo of boeing has made his first comments about the max jet problem. they are expediting a software fix. the stock is at $373 this morning. that's down about 2%. i think for the past week. susan: yep. stuart: without boeing's loss, the dow would be up very much more than it is already. i would suggest that the dow, the market overall, just wants to go up. >> it does want to go up. it's an artifact of boeing being a $300 stock in an index that counts how big your stock price is. it wants to go up, it broke key resistance level this week for the technicians, lot of eyeballs watching that, lot of momentum but broad participation. a lot of stocks going up, not just a few. stuart: would you buy at $373? >> i am a buyer of boeing. >> they took a chance in this
whole affair. they doubled down that there was nothing wrong and stood behind it. now they are putting out a software fix. it's an interesting, i think in the time to come they will look back from a p.r. standpoint and say did they do the right thing, were they slow to get out ahead of it. susan: more concerning are the reports in terms of how much boeing has in terms of power and influence in getting the certification of 737 maxes. there are reports in the "seattle times" and also the "wall street journal" yesterday. it's the approval process of future jets of boeing being put into question, especially the 737. it might be a questionable period for boeing going forward. stuart: would you buy at $373? >> i actually just started buying some. i have started my position. look, when stocks are in times of crisis and tough times, go against the herd. dollar cost average because once a stock finds its bottom, and it will, there's plenty of upside. it's already had a huge move down. stuart: interesting. you are both starting to buy the stock in the 370 range. got it. check the big board.
now we are up triple digits. the dow is up 109 points as we speak. .4%. we are back above 26,000. the chief of at & t's warner brothers will step down after allegations that he had an inappropriate relationship with a young actress. at & t struggling to hold on to $30, $31 a share. tilray, a marijuana company, better sales. the stock is up 2.5%. dsw, that stands for -- >> discount shoe warehouse. stuart: thank you. they made a profit but misses the mark. i missed that. the producer was telling me about buying five pairs of shoes. okay. the stock is down 13%. the fox corporation, that's the parent of this network, this is the first day of trading as a stand-alone company following the sale of assets to disney. what have we got? susan: here we go.
it's $10 billion in revenue fiscal 2017. they generated $1.5 billion in net income. a big media analytical corp looked -- i will explain. they looked at profit before you strip out all the expenses and for new fox in 2018, the $2.3 billion, the average for the media industry, know what that is? $371 million. stuart: hold on a second. i'm interrupting you. something of import has happened. new tweet from president trump. he's watching the show. he said quote, you can't dispel the mood of positive energy at "varney & company." ashley: good stuff. stuart: thank you, mr. president. makes you feel real good. i'm an immigrant, for heaven's sake.
quoted by him. susan: you're blushing. stuart: deep breath. >> only appropriate because the "hollywood reporter" called fox news, including fox business network, the crown jewel of the news stock. stuart: okay. wondering what you were going to say. reed hastings says apple's streaming service will not offer a netflix subscription. what does that mean? what does that mean? >> means you can't go on apple tv and watch your netflix. if you want to watch netflix, you have to do it somewhere else, not on apple tv. stuart: susan, you know about this. let me see if i've got this right. all these incoming streaming services, they are in their lane to get this with at & t, this with disney -- susan: with verizon. you get this with disney, you get this with netflix and also, apple -- stuart: they are all getting into their position. they have all got their price
and they all have their content. the battle begins. we are right there. susan: competition will allow a la carte as well, which will allow tyou to pick and choose rather than bundle. stuart: i have to figure out how to do that. the price of gas keeps on going up. look at this. $2.55 per gallon. that's the national average for regular. gas buddy, where we get a lot of our trends from about gasoline prices, they say gas could be near $3 a gallon by springtime. that's march 21st, i believe. watch out, here it comes. that's just in time for the summer driving season. ashley: surprise, surprise. stuart: that's an economic negative. >> it is, but the reason why it's going to go up is because of demand. i think this summer is going to prove how strong this economy actually is, okay? you hear all this negative connotation about the economy
and i wonder what planet they're living on. when you look at the fundamentals, the market, the wage market, the wage growth, is the highest we've seen in ten years. labor market is tight. i think this summer, you are going to see record travel, you will see record spending. it's supply and demand. demand is going to be very high this summer. stuart: would you like to be my investment coach? >> i sure would. stuart: dream on. >> you be my coach. how about that? stuart: starbucks overhauling its rewards program, giving customers more options. are they feeling the heat from dunkin' which has very good coffee? susan: or burger king. the $5 monthly subscription service that you might be interested in and you might even get your seniors interested in as well. stuart: $5 a month for unlimited coffee? ashley: every day. that's 17 cents per cup of coffee. stuart: so -- susan: five dollars a month. ashley: if you go all 30 days,
it's 17 cents. we talked about this yesterday. stuart: oh, look. it's 9:40. you know what that means. gentlemen, thanks for joining us. check the big board. this is the high of the day. we are ten minutes into the trading session and now we are up 135 points over a half percentage point higher. we will check the big techs for you shortly as well. senator elizabeth warren says she's not a democratic socialist. but she wants a wealth tax on the richest people, she says she's a supporter of a market with rules. we will deal with exactly what label she will be applying in our 11:00 hour. socialist. democratic socialist, progressive. three in five millenials say life is more stressful now than ever before. ashley: aww. stuart: you have no sympathy at all, young man. wait until you hear the thing that stresses them out.
stuart: not quite the high of the day but still up triple digits. that's nearly half a percentage point, at 26,000. we are back to it on the dow. you remember the bomb cyclone? twha that's what they called it when it slammed the midwest. now it's causing historic flooding in nebraska. simply destroying farms. sonny perdue is with us, the
secretary of agriculture. mr. secretary, how are you going to help those farmers? >> obviously there are programs that affect the deal with cattle loss but that may not be enough for farmers who have lost everything. i spoke with the governors of iowa and nebraska yesterday. they think there may be as many as a million calves lost in nebraska. that's catastrophic. we are going to do everything we can to help those people get back on their feet. stuart: we didn't realize the loss was so catastrophic. can you give us some more detail? you say a million calves? >> that's what i heard from yesterday. obviously assessment has not been done. that was a startling number to me, too. i don't know exactly the number. i don't want to exaggerate but that was information through the governor's office yesterday in nebraska. stuart: you think, because of the scale of this, you think you might need more than what's in the existing legislation, the existing department's way of dealing with this? >> well, there possibly could,
yes. the normal product, we have a livestock indemnity program but i'm not sure this would cover the degree of catastrophic coverage that we need. we hopefully will have a supplemental disaster bill out of congress very soon. this may be included in that as well. stuart: could you talk to us about the white house idea of work requirements for welfare? i believe it's 20 hours a week minimum. but there would be exclusions, right? parents with very young children? >> absolutely. what we are proposing it for able-bodied adults without dependents, not the disabled, not those parents with children, but those who can work, could work. that was the original intent of the legislation and it was really in the legislation that was passed this year, it gave the secretary the discretion after waivers. what happened over the last several years, states have abused the waivers by excluding everyone in their state. we think the time period in the original 1996 legislation is sufficient and the type of
economy we have today with very low unemployment and more jobs than people available. stuart: on other occasions when restrictions have been placed on food stamps, for example, some people came off the food stamp rolls. would you expect the same thing to happen if you imposed work requirements? >> well, the goal is to move people from the entitlement programs into a job. that's better for them in the future than continue to remain dependent on the taxpayers and on the federal government. we want people in this type of economy to learn how to get to work and to get a job, get a better job, and continue to move through the economy. we find that that's better for their families in the long run and better for them enjoying the dignity they experience of work. stuart: your political opponents say you are hurting the poor. maybe it's even deliberate. those comments are out there. >> well, they are out there. that's unfortunate. i'm really complying with the law as originally intended. this was the law that these people passed, congress passed,
this past december as well. it gives the secretary the discretion to issue those waivers. we are issuing them for the disabled, we are issuing them for people with dependents, we are issuing them for people over 50 years old. we are talking about able-bodied adults without dependents helping themselves by going to get a job. stuart: sir, i can tell you are on the floor of the new york stock exchange. so you are in new york city. i believe you are meeting with farmers in a roundtable in the city later on today. what are you going to tell them? >> well, we met with some facilitators and innovators there and what i asked is how can we help facilitate the creativity and innovation that has led american agriculture for years, how can we be a part of that, not an impediment. i want the usda to be the most effective, the most efficient, the most customer-focused agency in the federal government. how can we help while keeping food safe and people fed. stuart: do you have a policy on genetically modified organisms, gmo? i ask this because in europe
recently, there is extraordinary opposition to gmo. what's your stand on this? >> it's unfortunate. we will be coming out with a rule later this year that plans genetic engineering. it will now be regulated. it's just done more expeditiously in genetic engineering today with modern technology so we will approve those if they have no genes coming from other types of plants or animals but just the normal breeding technique that's been expediting. we will not be regulating those. stuart: agriculture secretary, sonny perdue, welcome to new york. thanks for being with us on the show this morning. >> thank you, stuart. stuart: sure thing. see you again soon. new poll in the "new york post" paints alexandria ocasio-cortez as the villain in the amazon new york drama.
tell me more. ashley: 12% said she was a hero, 38% said aoc was the villain in all of that. among democrats, guess who was the number one villain? amazon. blaming alson mazon itself for it did. stuart: 67% said look, the withdrawal was a bad thing for the state. susan: yes. ashley: and they agreed with the incentives, the tax incentives based on how much -- how many jobs they would create and the tax revenue produced from that back into the state coffers. there you go. stuart: so the poll found that it's a bad thing for new york state. ashley: right. stuart: and the poll asked democrats, bad thing for new york state, who do you blame, and they blame amazon. ashley: they did. think about that. stuart: what other company would want to come to an area -- ashley: right. stuart: and be thrown out. i don't get it. however, i think we will check the big board, see how we're
doing. the big board is rational. we are up 126, back above the 26,000 mark. 127 higher. half a percentage point on the dow. good start to a tuesday. what's this? what's this? what you post on social media could have an effect on your insurance. why you could have to pay higher premiums based on those facebook photos. back in a moment. if ywhen you brush or floss, you don't have to choose between healthy gums and strong teeth. complete protection from parodontax has 8 designed benefits for healthy gums and strong teeth. complete protection from parodontax.
stuart: "wall street journal" says insurors are likely to look at your social media before they give you a policy. may result in higher premiums. kristina, come on in, please. does this mean that insurors are entitled to ask you and look at your social media page? are they entitled to do that? kristina: they are actually already doing it. say you get in a car accident, if you posted the night before on your facebook page that you were partying and drinking, of course that could determine whether they are going to give you that full claim. but the latest coming from the "wall street journal" is that in january, new york was the first state to give guidelines to many life insurance companies as to how they can use algorithms to comb through your social media
posts and it's not only social media, you've got credit scores that life insurance companies are looking at as well as home ownership records. imagine you put risky trips skydiving or you are always partying and drinking and drunk and you post that online, eventually possibly in the future, life insurance companies are looking at how they can evaluate that and evaluate your level of risk. for any advice, i will leave it here, check your privacy settings. your privacy setting could determine whether you are sharing it with the entire world like i do or with just your friends and family or yourself. this is the future. stuart: yes, it is. you are dead right, kristina. i would advise you, check your privacy setting. doing it right now. three in five millenials say that life is more stressful now than ever before. what do they know? susan: so predictable, stu. life is so stressful, i got stuck in traffic, i lost my
wallet, my iphone or phone, the screen is broken. these cause a lot of stress. ashley: try living in venezuela. susan: okay, let me finish this first, guys, okay? pause. now, so basically, three nights a week, millenials are very stressed because of those ongoing issues. number one on their list is losing their wallet, credit card. number two, arguing with a partner. stuart: okay. i think we will move on. i enjoyed your sarcastic tone of voice there. susan: my sarcastic tone of voice. stuart: beto o'rourke to joe biden, democrats running for president are falling all over themselves to say sorry for something they may have said in the past. i don't think america will vote for an apologist. my take on that is next. what's a company worth? how do you determine the durable value of a business in the transportation industry without knowing firsthand the unique challenges in that sector. coming out here, seeing the infrastructure firsthand, talking with the people behind the numbers
stuart: what is with these apologists? democrats running for president are falling all over themselves to say sorry for offending someone, somewhere, sometime in the past. or in the case of senator cory booker, for something he might say in the future. it is as if they want a fresh start. i'm sorry i said that i don't feel like that any longer. forget i said it. look how good and nice i am now. that is what they seem to be saying perhaps the lamest apology came from joe biden who has not yet declared his candidacy. after saying vice president pence was a jeez guy he had to walk that back. democrats are to the allowed to
find anything good anywhere in the trump administration. the most bizarre apology came from beto o'rourke, he said his wife, quote, sometimes with my help, raised his family. apparently that produced outrage. why sometimes with my help is outrageous i simply don't know. wait toe said he would much more thoughtful going forward. he also apologized for his white privilege. the most long drawn out apology came from senator elizabeth warren. she falsely claimed native-american status decades ago. last year she took a dna test. the results show she did not qualify. in february she apologized herself for calling herself a native-american and declared her candidacy. bernie sanders apologized twice about things that happened during his 2016. speaking to some wall street people, he reportedly said, he is going to say nasty things
about them so sorry. i guess that's a preemptive apology. so when he says something nasty, he doesn't have to apologize because he already has. tortuous logic. this is in sharp contrast to candidate donald trump. i can't remember a single apology for any insults that he threw around. and he was elected. we knew what we were getting. we knew his line of thought. it is different with a democrat apologist. they said something back then, how do they really feel about it now? does an apology change their line of thought? truth is, it is the far left that is running the democrat show. identity politics lives. apologize for everything you have ever said or done that may offend anyone. obvious question, will america vote for an apologist? i don't think so. the second hour of "varney & company" is about to go begin. ♪
stuart: showing this now. it is just camping at us. president trump tweeting about big tech. here it is. facebook, google, twitter, not to mention the corrupt media are so on the side of radical left, democrats. fear not we will win anyway, just like we did before #maga. the tweet storm continues. come on in, tom rogan, "washington examiner," writer. will america elect an apologist, what do you say? >> i think it depends ultimately on the issues as much as democrats are maying a dangerous game seeing to bowing to changing ever shifting identity constituencies in particular moment, most americans look at it, as see, rather pathetic on one hand and somewhat contradictory on the other, if
you're apologizing to everyone and not identifying yourself as someone of character, how can you take the tough decisions of leadership? on the flip side with the president if the president could focus, i think more on the strength of the economy, more on being resolute on things like north korea rather than some of the attacks say senator john mccain i think he is in a very strong position. i worry as we get to the next election cycle some of the darker elements of those tweets, some americans might decide actually democrats apologizing is lesser of two evils in that dichotomy. stuart: okay. i want you to sort something out for me. i want you to listen to what beto o'rourke said about his wife and raising kids. roll that tape, please. >> i just got a call from my wife amy who is back in el paso, texas, where she is raising, sometimes with my help, you little sees who is 12 years old, molly who's 10 and her little brother henry who is eight years old. she is getting them ready,
feeding them, taking them to school. stuart: do you realize, tom, that he had to apologize for those words, sometimes with my help. what's wrong with that? why did he have to apologize for that? i don't get it? >> i think again, that is the same constituency that pressured joe biden to apologize for his comments on vice president mike pence. it's a constituency quite frankly as i understand it of politicized feminism to the nth degree, you have to, even perception you said something that is inappropriate, whether there is any reality grounding that, demands an apology. the problem is, that the political level, it puts you in a space, the ultimate safe space where you can't say anything and you saw there where some people laughed. they recognized it, right? he is out on the campaign trail. he is proud of his wife. thanking for her being equal
partner in different sense of the relationship. in that apology, if the democrats keep doing this, it is the same thing that we saw in the 2016 cycle. people like, you know, this is so ludicrous that i'll take trump for all his absurdity. stuart: i think you're right. i like the casual look, tom. >> i can apologize for that. i forgot my blazer this morning. the blazer i tried to borrow from fox is slightly too big. that is the honest answer. stuart: apology accepted, young man. don't worry about it. >> thank you. stuart: tom, we'll see you soon. thank you, sir. check the big board. we're 36 minutes into the session. we're up 100 points. 1/3 of 1%. look at big tech. had a nice run recently. look at apple, down a little today. it is up to 17. alphabet is going up. amazon at 1765. facebook down 1 1/2 at 162.
microsoft down four cents but look at the level, $117 per share. susan: don't you love it. stuart: thank you for chiming in with that one. thank you very much. i think we're back to the old mantra, stocks just want to go up. even president trump agrees. we're up 102. he just tweeted this. you can't dispel the mood of positive energy at "varney & company." the economy is great. scott shellady, come on in please. you agree with that? you can't dispel positive energy? >> i agree with that. president done a fantastic job. he is a leader, not apologist. go back in history, montgomery, patton, churchhill, eisenhower, were they apologists? no. leaders don't apologize. they lead. he implemented his programs with tax cuts, regulatory reform put this economy on a great stead. we kept inflation low. full steam ahead. he is doing a great job. stuart: the white house put out
a report saying we'll grow at 3% every year if we can get more tax cuts, more deregulation and we get an infrastructure bill. those are three unlikely events. so do you think we can get 3% growth as far as eye can see? >> i'm more of 2 1/2, 3%, he still has to wade through the swamp and sewer that will bring down growth forecasts. 2 1/2 to 3% in that range is definitely doable. stuart: tell me about tesla. you have to talk to me about this one. they're asking their employees to volunteer to help deliver model 3s. that is a strange move if ever i saw one. what do you make of it? >> it is very strange. stuart you had someone on program last week when i was watching, talking about how the new delivery thing is the problem. the last mile is the most difficult mile, most expensive, anybody wants to deliver anything to the customer and this is one of those things. there are stories about these guys driving three hours, take
an uber-back home three hours on tesla's dime it is a little bit odd. they have a logistics problem. they have a lot of things to solve going forward especially with more competition. i think it is a struggle for them in the short term. stuart: we think of you as the cow guy, part of jacket you wear. i hope you heard agriculture secretary sonny perdue talking about the catastrophic flooding in the midwest. for our viewers watch this tape. >> programs in the safety net that deal with cattle loss or other things, that may not be enough for farmers who lost everything. i spoke to governors of iowa and nebraska, they say there may be a million calves lost in nebraska. that is catastrophic. we'll do everything we can to help them back on the fair feet. stuart: a million calves. that is catastrophic.
>> number two, dealing with the chinese tariffs. farming income on steady decline 15 years. suicides are going up. there is problem. these guys are fighting for their lives. we don't need mother nate nature giving them a kick. you talked about sonny perdue and gmo and technology. think about deflation fairy asset to food, tech sector. in 1930s, we got 30 or 40 bushels of corn per acre, right? with technology and new hybrids to the seeds, this year we get close to 200 bushels out of that same acre. talk about deflation and what a great job technology has done, that is really simple way to put it. stuart: fascinating information. thank you very much indeed, scott. see you again soon. >> see you. stuart: i have a little gee whiz tech for you. a doctor in china performing brain surgery on a patient who was 1800 miles away.
made possible by 5g technology. we'll explain it all in a moment live look at the white house. president trump meets the president of brazil later on today. he is been called the trump of the tropics. question, is he is the guy, brazilian premier can stop socialist tie. good question. they are talking about the crisis in venezuela. national security advisor john bolton said all options are on the table to get maduro out. you will hear the full tape after this. "varney & company," second hour, just getting started. ♪ see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable.
i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade our grandparents checked zero times a day. times change. eyes haven't. that's why there's ocuvite. screen light... sunlight... longer hours... eyes today are stressed. but ocuvite has vital nutrients... ...to help protect them. ocuvite. eye nutrition for today.
stuart: back up again to solid half a percentage point. back above 26,000. tilray, that is a canadian marijuana grower, they say that sales more than doubled in the last quarter. maybe investors were hoping for more because the stock is down a tiny fraction. last hour national security advisor john bolton talked about military intervention in venezuela. roll tape. >> look, the president has been very clear, all options are on the table. our objection here is a peaceful transition of power from maduro to juan guaido, the interim president. i think the momentum is in that direction. stuart: all options on the table
to repeat there. come on in, mary anastasia o'grady, "wall street journal" columnist. give me a state of play? where are things now? >> maduro continues to crumble. living standards lapsed since the power outage 10 days ago. everything has gotten worse. i don't see how he survives. i could be wrong. the question how long will he hang on for? fine that john bolton says, use of force is not off the table. i think that's important. it is unfortunate that the lima group, who are our allies, canada, some countries in south america and in central america, 13 countries all together, they have said they don't want use of force and that i'm sure is very comforting to the cubans and venezuelans. it is fine force is still on the table. but i think the correct path here is path we're on, tightening sanctions. we're going to see whether they start to intervene, ships filled
with oil going from venezuela to cuba, that is interesting. they could do that? >> they say -- stuart: with the military, if you do that, that is a military intervention? >> yes but not going in a shooting war on the ground. you know, the fact of the matter is cube boo is still calling the shots. there is an influence of china there, which i wrote about in my column yesterday. china, you know, has an interest in cleaning up the chaos because they want the oil out of the ground which will repay them for all the debt that venezuela owes them. on the other hand they don't want the u.s. to do too well in south america, they spent 20 years ago trying to get their foot in the door there. stuart: we're getting late reports, venezuelan consulate office in new york city has been taken over by the supporters of juan guaido, the opposition leader. >> don't forget the military attache in washington had already, some weeks ago, said that he was switching sides and
supporting juan guaido. so yesterday we had the, consulate in new york and two offices in washington i believe, not the embassy yet, two offices in washington have been taken over by guaido. i think we'll see more of that in the u.s. stuart: this is crumbling of the maduro regime? >> foe for sure. the longer he hangs on, it could be weeks still, where he uses his thugs, these people they call the colletivos to enforce law. if the military does not change sides the misery in venezuela continues. stuart: premier of brazil, jair bolonsaro, he is visiting the white house today. is guy stopping socialist tide in latin america? >> let's look at south america. you have center-right governments in chile, argentina, and brazil, the southern cone basically. a lot will depend whether
president bolsonaro is able to rejuvenate the economy. and he has a very classical, liberal, i would say, maybe even, you know, classical liberal economy minister who says he is going to privatize everything that is not moving. i mean he is on track to do a huge privatization. he is going to fix the pension system which is basically bankrupted the country because you can retire with very few years of work at very young age with very lucrative pension. that can't continue. he will fix that. i think if he takes, maybe he does two or three big things like that. that would be a very successful presidency and i think would mean that he would be reelected. stuart: we haven't got much time left but i do see that as a real sea change in the politics of latin america, vis-a-vis the united states? >> you know for a long time we said, how come chile, which has a very free market economy wasn't able to infect the region and i think brazil, if this guy
doesn't mess up is on track to move in that direction. stuart: love it. mary anastasia o'grady. see you soon. >> thank you, stuart. stuart: boeing's chief put out a video reassuring travelers that boeing is working to fix any safety issues with the max jets. he said a software fix is coming soon. that will not be enough to convince people that the planes are safe. the stock is up five bucks on that by the way. more "varney" after this. ♪ this isn't just any moving day.
and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today.
>> boeing's ceo released a new video. he is trying to reassure the traveling public. roll tape. >> safety is at the core of who we are at boeing. insuring safe and reliable travel on airplanes is enduring value and an absolute commitment to everyone. soon we will release a software update for the 737 max that will address concerns discovered in the aftermath of the lyon accident. stuart: sam graves, ranking member on the transportation committee and by the way, a row professional pilot. is this a fix, is this a fix, the software fix that boeing needs? is this what it is all about, software? >> well, personally i think, it is more about pilot training and competency of those pilots, certainly they have to fix if there is problem with the mcas system or autopilot you need to take care of that, but you can't
disengage those on a boeing product or airplane. stuart: would the software fix, i know you don't know details, is it likely to give pilots more control over the plane they're flying? >> any piece of technology can still, still malfunction. what it is looking like right now at least in ethiopia air and lyon air, the pilots were fighting the aircraft and the aircraft was fighting them. looks like they did not disengage the system. when you have runaway trim problems or in this case if it was stablizer trim, you have cutouts, you can decouple those and hand-fly the aircraft. looking if that was not the case. they did not decouple this system. stuart: so what do you make of the ceo video there where he is saying safety is our concern and software fix is coming? does that reassure you and the traveling public? >> well, let's hope so. look, the bottom line is, we want to be, we want to be safe.
we want people to be able to travel. that is something extremely important to the united states. the united states is a country that is on the move. people love to fly. we love to get in an airline go anywhere we want to go, do it very, very quickly. so we want to make sure the public feels good about flying. that you know, you know the pilots and everybody involved feel good about flying. i think this is important. they are obviously trying to fix whatever deficiencies are out there. stuart: okay. congressman, we appreciate you being with us today. much obliged to you. see you again soon. >> thank you very much. stuart: congressman devin nunes going after twitter. he is seeing them for a billion dollars, accusing them of banning conservatives and spreading misinformation. big money will be spent on the games and we're talking billions here. we'll cover it with brian kilmeade after this.
-driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. no matter what you trade, at fidelity metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- metastatic breast cancer, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai.
diarrhea is common, may be severe, and may cause dehydration or infection. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. serious liver problems can occur. symptoms may include tiredness, loss of appetite, stomach pain, and bleeding or bruising more easily than normal. blood clots that can lead to death have also occurred. talk to your doctor right away if you notice pain or swelling in your arms or legs, shortness of breath, chest pain or rapid breathing or heart rate. tell your doctor if you are pregnant, breastfeeding, or plan to become pregnant. common side effects include nausea, infections, low red and white blood cells and platelets, decreased appetite, headache, abdominal pain, tiredness, vomiting, and hair thinning or loss. i'm relentless. and my doctor and i choose to treat my metastatic breast cancer with verzenio. be relentless. ask your doctor about everyday verzenio.
your control. like bedhead. hmmmm. ♪ rub-a-dub ducky... and then...there's national car rental. at national, i'm in total control. i can just skip the counter and choose any car in the aisle i like. so i can rent fast without getting a hair out of place. heeeeey. hey! ah, control. (vo) go national. go like a pro.
♪ stuart: gently weeps. ashley: george harrison. stuart: we're talking serious good music here. if i'm not mistaken, eric clapton played guitar on this. yes, i'm right on that one. one of the first times that any non-beatle appeared on a beatle -- susan: collaboration. stuart: is that what we call it these days? not bad. let's get back to the issue at hand, which is the markets. we're up 123 points. that is the best part of half a percent. the rally continues. big tech, look at them go. apple, down a few cents but at 187. alphabet, amazon, facebook at
162. look at microsoft 117.64. ashley: look at your smile. stuart: that's good. breaking news, the treasury says it was issuing more sanctions on, venezuela. ashley: yeah, they're targeting a venezuelan gold mining company and the president of that company. basically what they're saying if venezuelan government has taken over this gold mine, major state-owned gold mining company. they're paying miners for the gold, melting it, bringing it back to caracas and paying these miners in bolivars which are basically worthless. what they're doing, converting their worth worthless currency into gold bars, propping up the regime. they're trying to cut this out because it's a major source of funding for maduro government. stuart: i would like to see them stop oil tankers going from venezuela to cuba. if you did that that would wind up the cubans. ashley: yes you would.
stuart: t. rowe price, legendary name in investing, a real person, by the way known as the father of growth investing. he is the subject of a new biography, t. rowe price, the man, investment philosophy. the cornelius bond is with us on the program. >> thank you for having me on. stuart: did t. rowe price, he died in 1983 -- i didn't know he was real person. >> very real. stuart: would he consider technology stocks that we have today, would he consider those to be the ultimate growth stocks? >> he always had a significant part of his portfolio in technology. and i'm sure that he would have had a large percentage of his portfolio in the tech stocks at this time. stuart: what would he have made of these etfs and these little funds that have popped up in the last few years? >> well, he always focused on stocks and on companies. and he would not have been too
enthusiastic about the non-stock versions such as index funds that would have been, that would have been not his focus. stuart: was he successful investor in his day? >> he was extremely successful. his first two mutual funds each won, when they reached their first 10 years, was number one in the country. stuart: each one? >> each one. in fact the new horizons fund was the best fund in the country and the new horizons fund was the best in its category for 10 years. stuart: he was a stock-picker? >> no, i'm sorry he was not a stock picketer. he was a company picker. stuart: okay. >> big difference. stuart: there is a difference. okay. which companies back in his day? was he ibm investor? >> he was a large ibm investor. he loved xerox, polaroid, the technology sector was one of his favorites. stuart: what was his biggest
impact on wall street, world of investing? what area did he have the biggest impact? >> he called them growth stocks, which back in 1937 was rare. the economy in general was pretty flat but there was a group of companies that were growing far faster than the economy. he worked for one called dupont back in 1920. and he continued to look for companies like dupont that were growing far faster than the economy. stuart: how old was he when he died in 1983? >> 85. stuart: 85. he had been no longer an active investor? >> he retired in 1971. stuart: right before -- >> yes. stuart: actually the market didn't really take off until the early 1980s. >> no, it was 10 years of high inflation. we called stating nation, if you remember those days? stuart: yes. i do remember those days. don't like to admit it. >> he had forecast that inflation. and set up his own fund which
did far better than the market over that period of time. his biggest investment was gold. stuart: fascinating. >> as you know that went up 30 times. stuart: i remember it well. i do. i do. i wish he was around today to give us investment stuff. cornelius bond, fascinating subject of a book. thank you,. >> thank you. stuart: hold on a second the you're not allowed to get off the set until i read this, okay? >> okay. stuart: we have a real medical breakthrough. i believe that's what it is. a surgeon has performed the world's first remote surgery, using robots and 5g technology. ashley: this is incredible. called telesurgery. you couldn't do this 4g, real video lag at all would make it impossible. how incredibly fast the network on 5g, inform implanting a neurostimulator into a patient's brain from a clinic 1800 miles
away from the patient in beijing, operating on computer network. it lasted three hours apparently. the patient is doing very well. the surgeon said it was instantaneous, he would make a move, it would move 1800 miles away. five gee. incredible. stuart: it really is. we'll have lot more stories. ashley: yes. stuart: look who is with us on the radio, brian kilmeade. host of the brian kilmeade radio show. i want to ask you about devin nunez suing twitter for $250 million because they censored conservatives. what do you say about that? >> they're not cracking down on nonexistent people attacking him on twitter constantly. he saw what happened with the covington kids, the lawsuit they won against "washington post" and cnn and others over $200 million. this is not okay. you're ruining lives. devin nunes is not too worried. 50% of the country will not like what he does anyway, but if
you're going to tweet, have some of those tweets suppressed, if people say they're tweeting at you, not getting through, that reminds me exactly why don, jr. trump was on our couch two weeks ago. he says it has been happening to me. "shadow banning." all of sudden i lose these followers or just no heat, i'm not trending. at cpac, number one conservative thing happening in politics, it was not trending on twitter for a honk time. it makes no sense. >> i agree. >> he will force some answers. i think very courageous move. stuart: i think it is about time we it out about censoring conservatives on social media. i want to know about this. that is a very bad thing. i have limited time. i want to turn to march madness. we're told $8.5 billion will be bet on march madness this year. that is obviously serious money. here is my question, when you do these brookkets is that legal? >> well, depends who's listening
if we have all the lawyers walk away from the television right now. good, they're bonn? they're gone? good. i don't think so. i don't think it is legal. i don't think they should crack down on that. you're not supposed to be throwing gum on the sidewalk but they still happen. i worry about the whole legalizing gambling thing, even though it makes financial sense in the short term it, long term, casinos and sports book you need to have rehab centers. it is addicting as any alcohol or drugs in many ways because you want that high. for you, stuart varney, just goes to show, college basketball is on just getting hotter and hotter. i have never seen a buzz around this because it goes from interesting to oh, my goodness, where is my bracket, like no other sport, especially early on. these first few days, first few weeks are really exciting. stuart: if i were to do an illegal bracket i would go with
duke. let's leave it at that. >> who wouldn't. stuart: this is just for you. we're getting word, mike trout is reportedly close to a contract extension with the los angeles angels that will pay him $430 million over 2007 years. ashley: oh, my god. stuart: 430 million over 12 years. that is just coming right at me, this moment. what do you think about that, brian? >> he will be 39. he is 27 right now. i don't think anyone argues he is the best player in baseball. nobody argues that. bryce harper signed something similar with philadelphia phillies. at end of this year i will recruit mike trout. he got fined for meddling. i don't know how the dollars play out, but the angels without mike trout might as well disband. number two, even though he is in los angeles i have never seen a great player get less heat and less press than him. he doesn't break any rules. he is friendly with the teammates. he listens to his manager. and he does what he is supposed
to do. a lot of times that works against you as opposed to demanding a trade or complaining like lebron does about your teammates and threatening to leave like others, their team, so i think if the angels are going to do this, looks like they are going to do it, they're smart to do it, they have to up his profile. they need to find a way, baseball has to do it, put him front and center. stuart: pick a fight maybe, put him front and center. get publicity. >> derek jeter didn't make a lot of headlines but got a lot of press. trout in the number two market it is mystery. he doesn't have to worry about a nike deal if you have $420 million. neil cavuto deals with you on that. you had a long holdout for years because you wanted a similar contract. neil held strong. will you look for those type of numbers, stuart? stuart: get out of here. i have no idea what you're talking about and neither do you. brian, you're all right.
we may have you back. brian kilmeade, everyone, thank you, sir, for joining us. >> thanks for sharing our audience. stuart: thanks, brian. las vegas approving a plan to let elon musk's boring company build a network of underground tunnels with autonomous high speed vehicles that can shuttle passenger, thousands of passengers around the city every hour. very ambitious plan. will it ever see the light of day? we'll talk to the mayor of las vegas in our next hour. the new white house economic report says if we want 3% growth promised by president trump he will need legislative wins on things like tax cuts and infrastructure. can he get a deeply divided congress on board with all of that? we'll see about it. more "varney" after this. ♪
♪ ashley: lara trump, senior advisor to the trump campaign says she is not worried about beto o'rourke is raising impressive funding for his presidential bid and here's why. roll tape. >> listen i know he raised $6 million in his first day but we have no fears about robert francis o'rourke. i can guarranty you a lot of that money he made from very big
donors. on the trump campaign we had historic fund-raising since the president was sworn into office in 2017. we raised over $58 million. 98% of that from small dollar donors, $100 or less. what that tells us as a campaign we have people behind us. the president has the support of the people behind him. not a couple of billionaires that are financing beto's campaign. with my friends to our annual get-together, especially after being diagnosed last year with advanced non-small cell lung cancer. (avo) another tru story with keytruda. (dr. kloecker) i started katy on keytruda and chemotherapy and she's getting results we rarely saw five years ago. (avo) in a clinical trial, significantly more patients lived longer and saw their tumors shrink than on chemotherapy alone. (dr. kloecker) it's changed my approach to treating patients. (avo) keytruda may be used with certain chemotherapies as
your first treatment if you have advanced nonsquamous, non-small cell lung cancer and you do not have an abnormal "egfr" or "alk" gene. keytruda helps your immune system fight cancer, but can also cause your immune system to attack healthy parts of your body. this can happen during or after treatment and may be severe and lead to death. see your doctor right away if you have new or worse cough, chest pain, shortness of breath, diarrhea, severe stomach pain or tenderness, nausea or vomiting, rapid heartbeat, increased hunger or thirst, constipation, dizziness or fainting, changes in urine or eyesight, muscle pain or weakness, joint pain, confusion or memory problems, fever, rash, itching, or flushing. these are not all the possible side effects. tell your doctor about all your medical conditions, including immune system problems, if you've had an organ transplant, had or plan to have a stem cell transplant, or have lung, breathing, or liver problems. (katy vo) where i am now compared to a year ago, it's a story worth sharing. (avo) living longer is possible. it's tru. keytruda, from merck. with more fda-approved uses for advanced lung cancer than any other immunotherapy.
stuart: pretty solid triple-digit gain all day long. we're still up 118 right now. that is almost a half percentage point. new report from the white house says, that the president needs big legislative wins if he wants to maintain a 3% growth rate. joining us now, arizona congressman an did i biggs. congressman, he needs a win on infrastructure, more tax cuts, and more deregulation. i put it to you, not going to get it. >> well, stuart, you're probably right. i can't disagree with that. what congress should do and what it will do are two different things. if you take the transportation and infrastructure issue, there is two big things are a problem. there are some needs in the country today. so that is going to be a massive bill. if you have a massive bill with a lot of projects it, will be massive spending. which means you have to figure out a way to fund it.
or you will exacerbate and accelerate the national debt and structural deficit we have. that will make that difficult. look, even if we had a modest tax plan which i thought the last tax plan was, we couldn't get democrats to buy into that. so we're facing uphill, you know, uphill all the way on both of those issues right there. regulation reform, i'm more optimistic on some of that. stuart: but democrats have no incentive to go along with programs which expand the economy and give you 3% growth. as you head towards 2020, the election, the president's strong point is obviously the economy. the democrats will attack that. >> no, absolutely right, stuart. that is why, what we should be doing is, is the transportation and infrastructure package is something that we should get bipartisan support on. i think it is going to be very difficult to get there, for, the reasons that we talked about. i think all three of these things are difficult but i will say this, i think the foundation
for a solid economy going forward has already been laid with the tax plan, tax-cut package we had and regulation reform we've already done. >> congressman, would you agree with this, next two years up to the next election, 2020, nothing, but nothing gets done? >> nothing of real serious value. i mean, so, just consider the pace, stuart. i thought the republicans were very pedestrian. turns out that the democrat pace is actually making us look like we were energetic. so, i think that we have difficulty getting anything substantive, meaningful done in the next two years abuse this is turned into a political fight all the way. stuart: andy biggs, congressman, thanks for joining us, sir. >> thanks, stuart. stuart: check the big board. as i said we're holding on to a triple-digit gain. been there all day. up 120. ah the days of cheap gas may be coming to a end. i think they're ending. summer driving season almost upon us.
all of you. how you live, what you love. that's what inspired us to create america's most advanced internet. internet that puts you in charge. that protects what's important. it handles everything, and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome.
stuart: dow jones average is at 26,042. up 127 points. that is a half percentage point higher. the price of gas keeps on going up. look at it now. 2.55 a gallon the average, that is up 20 cents in the past month. john hoffmeister, joins us, former shell oil president and citizens for affordable energy. $3 by the spring? we had that forecast? >> wouldn't surprise me, stuart, opec is locked in reducing their production and i don't think any bully pulpit from the white house is going to change that. in addition what we have out in west texas and u.s. oil field is about 4,000 wells that have been drilled but are not completed, which means they're not producing, because of the logistics of moving that product are pretty well constipated.
not enough pipelines. not enough people. not enough truck drivers, you name it. so those 4,000, those 4,000 drilled wells are not going to produce anytime soon. it's a big issue we face. the result will be higher prices. stuart: but there is a new report that says america is poised to surpass saudi arabia as the world's leading exporter of oil, and that will happen later this year. that sounds like a remarkable development to me. doesn't sound like it's right? >> those of us in the oil patch have seen it coming for quite a while and the main reason is the growth in the saudi domestic market is significant. year-over-year they need as much as half a million to a million barrels a day to supply the domestic market, which means those barrels are not available for export, and it is a problem for the saudis financially because they subsidize oil in
their own kingdom. so-and-so they don't get the full export price for the barrels that they sell domestically. and they're not selling as many export barrels. that is why they're putting so much pressure on oil production reduction so they can get a higher price. stuart: so that is legitimate forecast that we'll beat them as exporters. how about this one? the iea says half of oil and gas production, half of the growth in oil and gas production will come from america by 2025. that seems to me to be another wild forecast but is it possible? >> oh, i think it is because the, just if you look at, just take into account the 4,000 drilled but not completed wells. they will come online. there is more where that came from. there is, there is plenty, plenty, of oil in reserve in the united states. but it takes infrastructure to produce it. and where would you rather invest? in the u.s. or venezuela?
u.s. or libya? and so from an investment standpoint there are more and more international companies coming to the u.s. and so i would expect our oil resources will be developed. stuart: it is called energy dominance i guess. john hofmeister, thank you for joining us, sir, appreciate it. >> you bet. stuart: senator elizabeth warren says it is just wrong to call her a socialist but the policies she is pushing sure sound socialistic to me. my take on that is next. ♪ from the start, the c-class was ahead of its time.
stuart: senator elizabeth moran said she is not a democratic socialist. i think she's trying to draw a distinction between herself and bernie sanders jockeying for position in the 2020 race. she also says that just wrong to call me a socialist. i think she's trying to draw a distinction between herself and alexandria ocasio-cortez. maybe the simple word socialist of them playing well with middle america. in my opinion, many declared democratic candidates to support socialist policies and senator warren is right in there. three examples are number one, she wants all big companies to
apply to the government for a charter in order to do business. they would have to ask for, actually beg for permission to operate. the other straightforward government control of private enterprise good socialistic to say the least. number two, senator boren suggests a wealth tax on the richest people in the cannes jury. just take their money. that is called confiscation. very socialistic. if you took every penny and every piece of property belonging to the 400 richest billionaires in america, you still have nowhere near enough money to pay for all a senator warren socialist policies. number three. senator warren is when you've got a government that works for the rich is not working nearly as well for everyone else. that's corruption. she says she's a supporter supporter of markets with rules. a market without wilson's stuff she says. that's the language of socialism.
the deliberate janine at the jealousy and division. it's a language i heard as a young man in socialist england. now i don't care what the left chooses to call itself. socialists, democratic socialist, progressive. looks like senator warren is trying to pull away from the socialist label. okay. wishing in the other candidates cannot pull away from its government controlled private enterprise, free health care, free college comment tax the rich to misuse their wealth. all of this is now bedrock democrat policy. call it what you like but those are socialist policies no matter what the candidate say. the third hour of "varney & company" is about to begin. ♪ turn into what i need reaction to an editorial. who better to bring a nonresident millennial capitalist. his name is make them like her.
the author of how to be a capitalist without any capital. i think she's a socialist. i think they'll are socialistic policies. where am i going wrong? >> i logged onto my account and my 401(k) is that. doing incredibly well. it's difficult to argue something's not working. i think what these people are preaching is getting rich is a bad thing. they actually really want to be rich. i don't blame them for following some of these leaders right now. they just don't know how to get rich and the new economy. thus we focus on in the book. stuart: there's all kinds of degrees of socialism. would you say that the policies they espouse, universal health care for example, free college. tax the rich, et cetera, et cetera. are the socialistic policies in your mind? >> 100% yes. no question about it.
she argues without rules she hasn't read the tax code because they think there's 4 million words in the tax code. the bible is 800,000. we don't need more roles. my book is only 60,000. no more roles. she gets elected, bernie gets elected and you'll see the economy dude very bad things. stuart: you can't make a ton of money. you can become a capitalist millionaire like yourself if the socialistic policies were put in place. >> you'll keep us of what we work really hard to make. i was flipping burgers at virginia tech to weston grill. i aspire to be the wealthy people i read about on great channels like this one. the way to escape this is to work or flipping burgers, save money, spend lots of money make you watch a company, create jobs and that's what we did. stuart: it's not fair. you're going to make more than someone else but bush is not fair.
>> i also took a risk bigger than what most people take a putting on my stuff and a brand-new company at the age of 19. jeff bezos took everything he had. there were days when they couldn't have payroll or is worried about hitting payroll. we need to be kissing the feet of people like pesos. these are people creating jobs, building great enterprise. you talk about china. are you still worried about china little bit? maybe. >> the china trade talks we do worry about that. >> what they do get selected and says amazon were breaking new appeared no more paper toilet paper selling. here's the problem. china subsidizes alibaba, amazon's biggest competitor. alibaba. alibaba little cheapo toilet paper to american consumers against amazon now champion the business because of boring. that means economic data, purchase behaviors from u.s. consumers will now be in the hands of who? china. do we want that? stuart: what about this one.
three out of every five millennial's are more now than ever before. without going into all the details of this, one of the reasons is the student loan debt. that's a source of great distress. >> is incredible. the economies run off incentive structures. when you have money that flows so freely to students in the form of loan debt i don't blame the colleges for increasing tuition. if someone says here's money you're going to increase prices because that's what the market exists. the problem is the more you go, they can take risks when they leave college like launching a company like i did. so here's what we need to do. i think the solution here is you want colleges have a stake. almost like each students a small business when they come out. if the business does well the college does well. the small business doesn't do well the college doesn't do well. stuart: that would really be turning the tables would net.
>> fish are 17% of your one in your two salary that the graduates make. you are 19 when you started your business. how old are you now? >> take a guess it won't be offended here 29 today. i'm still a millennial. stuart: you are bona fide. you're in. let's get to this cnn poll. it says 71% believe the economy is in good shape. can't get enough of this positive energy on the economy. once more, president trump agrees with me, talked about me, use my name. he quoted me earlier. he says you can't dispel this mood of positive energy of "varney & company." the economy is great. mr. president, thank you very much for watching our program. we appreciate that, sir. presidential shot up the side we are at triple digits. 100-point game, 26,020. the price of oil real close to $60 a barrel.
it is still out there. the price of gas keeps going. the national averages 255 of 20 cents in a month. ashley: everyday it's going not. stuart: how about this one. the boring tunnel is coming. we have the mayor with us. i want to know, i really going to sleep this thing go really? steve hilton writing an explosive piece about beto o'rourke and why he should not step foot in the oval office. it's strong stuff. mr. hilton will make his case this hour. homeland security chief kirsten nelson says that porter has gone from crisis to national emergency tune your systemwide meltdown. former high sky tom holman will tell us was a systematic meltdown actually looks like. he's on the show. president trump heads to ohio visiting the country's last
remaining army tank plant that has been close to closing. this comes around the same time he's been taking on general motors. we're going to talk to match lap about this. shortly, president trump meets at the white house. we should see the arrival later this hour. a jampacked show as usual. the third hour of "varney" just getting started. ♪
>> will be much more thoughtful going forward in the ways that i talk about her marriage and also the way in which i acknowledge the truth of the criticism that i have enjoyed like privilege. stuart: gary goes, beto o'rourke apologizing for it previous harmless, and he made about his marriage. our guests wrote a scathing new piece called why beto o'rourke is a real danger to america and must not be allowed near the white house. i kind of think that's strong stuff. it is strong stuff. steve hilton actually wrote it. the floor is yours. what is so bad about someone. >> stuart comment easy to mock
beto and i think we showed. he rails against and when he was in congress took money to get fossil fuels pledge, et cetera. his skateboarding and how he inherited wealth through his wife that enabled him to get going and politics in the way that he actually act did in a quite nepotistic to help his father-in-law once he was in el paso city council. almost things you can say most politicians do some combination of those things. the thing that is dangerous about him is that he doesn't really seem to have any firm convictions or principles and the reason that's dangerous as my experience in working in politics and government, that means when you get into office you're just blown around by whoever is in front of you and beto o'rourke is so eager to please. he wants to say anything to the
people in front of them to like him. he wants to be loved and adored and that is really dangerous for example when you're negotiating with foreign leaders. let's put them in the ring were xi jinping. he'll just be knocked over because i want to please him and get on with him, have a good relationship with him and i think that's the danger. you can't have someone like that in charge of serious matters particularly when it comes to foreign policy. tree into he was talking about his relationship with his wife and a family and he said his wife has raised the children, raised a family, quote, sometimes with my health. i'm sure you saw this. why would he have to apologize because he said she raised a family sometimes with my health. i don't get it. he profusely apologized. >> now we're walking into the minefield of democratic party identity politics craziness
where that remark came across in the ear of me to buy something that could mean the status of his wife in particular women in general. one of the reasons is when he made his announcement video, he was widely criticized in democratic circles for sitting there with his wife for three minutes holding her hand and gazing up at him adoringly and not saying a word. a lot of democrats say she should be allowed to speak as well. why is your wife sitting there like a prop supporting you. if the fence is not these old-fashioned attitude to women and doesn't believe in gender equality. that's why he felt he had to apologize. stuart: i just got time for your comments on big tax. as you know, senator warren wants to break them out. i know you have connections to big taking california. when you make a bad idea? write them up. facebook, google and amazon.
>> i think she's right. there's a real problem you've got the monopoly situation developing in areas like social networking and searching you need more competition. competition is the antidote to regulation where people are worried about the massive companies dominating different areas of our life in our economy. instead of micromanaging a specific government regulation about how they behave if you break them up and have more competition that removes the need for that kind of detailed regulation. instead of one google and one facebook, must have 191 to facing in terms of dems doing democracy and the economy, squeezing out small business. stuart: devin nunes says suing twitter for $250 million alleging they censor conservatives. what would you do with twitter? >> this is really important case and it gets to the heart of the company's business model. they're trying to have a ways.
they make their money through advertising just like media companies. but they don't have any of the cost of media companies. they don't employ journalists. they don't employ newsgathering, they don't have any of that. they make money because everyone else upload their content and provides content. at the same time they're saying were not responsible for their content. would devin nunes to say and actually you are response well because in some cases you take those down in censor certain things and so you should be held responsible for how i'm treated on twitter. this is an important case and i wish him well at that. stuart: three different subjects covered remarkably well. we will be watching the show the next revolution sundays 9:00 p.m. eastern on the fox news channel. ford will ramp up reduction of suvs having 550 jobs at a kentucky plant. the stock is still languishing at $8 a share. still on ford.
many viewers know that a ford f. 150 kind of guy. nobody has been able to convince me to buy another kind of trap. next, jim morrison, head of product that dodge ram will try and sell me a dodge ram truck. i'm not sure he can do it but he's going to try after this. ♪ if ywhen you brush or floss, you don't have to choose between healthy gums and strong teeth. complete protection from parodontax has 8 designed benefits for healthy gums and strong teeth. complete protection from parodontax.
shouldn't mean going back to the doctoro just for a shot. with neulasta onpro patients get their day back... to be with family, or just to sleep in. strong chemo can put you at risk of serious infection. in a key study neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. neulasta onpro is designed to deliver neulasta the day after chemo and is used by most patients today. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing
or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. ask your doctor about neulasta onpro. pay no more than $5 per dose with copay card. want more from your entejust say teach me more. into your xfinity voice remote to discover all sorts of tips and tricks in x1. can i find my wifi password? just ask. [ ding ] show me my wifi password. hey now! [ ding ] you can even troubleshoot, learn new voice commands and much more. clean my daughter's room. [ ding ] oh, it won't do that. welp, someone should. just say "teach me more" into your voice remote and see how you can have an even better x1 experience. simple. easy. awesome.
stuart: we've got something a little different. it not more for the geneva motor show i promise you that. the sale of ford pickups on a tear lately. ford sold and asked 18 were super duty pickup every 29 seconds last year. that's a lot of f. 150s. they're not alone. ram pickup models trying to get a move on the f. 150. i'm going to bring in our car guy who was joined by jim morrison, head of product or brand. i've got a ford 158, tensions on the iran.
along with being the host of the number one business show on television is also something of a longer track. he's got a ford f. 150s. >> all of them are switching over to ram. most importantly we have the most powerful hardest working heavy-duty truck in new york. not only in new york but in america. >> this is the most powerful heavy-duty pickup. that's all about towing. this canto 35,000 pounds. does that really connect with a customer like stuart as opposed to a commercial customer? >> it does because for the first time in heavy-duty truck without all the luxury, only to knowledge he come a great ride and comfort for everything. in the past coming in outcome in the heavy-duty trucks to do their job and people would drive
a truck. now this ram heavy duty can provide you all of that in one track. great ride and handling a great capability at the same time. >> jim, your sales are strong went on a market that's not strong overall, who is keeping the trucks moving out of the dealerships? is it the commercial buyers are the retail buyers that like taking a step in taking to the mall. >> at the combination of both. so much technology, great ride and handling a lot of people from other segments are coming into the segment because everybody needs a truck. some people do that once a week, once a month. but everybody needs a track and now they can have it imported in their driveway when they need it. also great vehicle to drive everyday what you've got three dudes going to a jobsite across the back were three kids see if it's an incredible no compromise vehicle. >> 35,000 pounds is quite a lot of firewood.
stuart: that's pretty good. i paid under 60,000 for the f. 150 nice model. >> 88,000 s. top of the line. stuart: okay, okay. point has been taken. thank you very much indeed for that most interesting truck. i would definitely think about it. new poll in "the new york post" paints alexandria ocasio-cortez as the villain in amazon new york drama. is the bloom finally coming off of that rose? president trump heads to ohio. he needs to rally support because a new white house report says the president will not get a sustained boom in our economy without an infrastructure built, more tax cuts and the regulation. rally for that, mr. president, please.
when it comes to so,type 2 diabetes,.. are you thinking about your heart? well, i'm managing my a1c, so i should be all set. right. actually, you're still at risk for a fatal heart attack or stroke. even if i'm taking heart medicine, like statins or blood thinners? yep! that's why i asked my doctor what else i could do... she told me about jardiance. that's right. jardiance significantly reduces the risk of dying from a cardiovascular event for adults who have type 2 diabetes and heart disease. that's why the american diabetes association recommends the active ingredient in jardiance. and it lowers a1c? yeah- with diet and exercise. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. a rare, but life-threatening, bacterial infection in the skin of the genital area could also occur. stop taking jardiance
and call your doctor right away if you have symptoms of this bacterial infection, ketoacidosis, or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so, what do you think? now i feel i can do more to go beyond lowering a1c. ask your doctor about jardiance today.
fox corp., first day of trading as a standalone company. that's important. this is the fox corp. it comprises fox news, fox nation, fox business, fox sports, fox tv around the country. fox broadcasting network. went out today. it's now priced at $40 per share. politics. new cnn poll shows new yorkers consider aes cm is billing for amazon teaching new york city for its new headquarters. congressman tom reid, republican new york is with us now. do you think there's any chance of getting amazon back to new york? >> i hope there was but it doesn't look like they will be coming back in my humble opinion. that is a shame. something that should have been avoided. >> new yorkers blame aoc for
this? >> that is what the polls indicate. that is what i think were singing. but it is bigger than aoc. this is an extremism on the left side of the aisle taking over the party where they used to protest wars is the democratic party. now they're protesting jobs. that's an extremism that needs to be held in check. train to the other poll says two out of three new yorkers hate amazon's pulling out was bad for the state. and yet, new yorkers overall blame a new york congresswoman for them leaving the day. if not a bit of a contradiction? you want your cake and you want to eat it, too. >> the reality of new york, the new york taxpayers need to wake up in albany and start changing the regulatory overreach that is occurring because the extreme left agenda as for the root cause of the problem is. when you put a $3 billion deal
together to attract one of the state you should look at the underlying foundation of why that is necessary to attract the business to new york. >> governor cuomo hans lowered property taxes are put a cap on them. do you think it likely he would reduce or cut any other taxes at all? >> i hope he does. i gave the governor praised for staying during his budget negotiations in new york city would not sign a budget that doesn't have a permanent cat. our taxpayers are just taxed too much. they are leaving our states in droves. hopefully he learns the lesson applies it to income tax. stuart: tom, do you think he will? do you really think he will? >> i'm hopeful that i'll be a realist and say no. they such a commitment to tax and spend out of our state capitol that changing under this leadership in albany is not
going to be the reality of the day. >> it's like living in europe. going nowhere. that leads to more taxes, more regulations. but the president has done a guide in this economy we should learn a lesson. lower taxes, reasonable regulations leads to huge job growth opportunities. stuart: good luck with that hope and change. we appreciate you being here as always. amazon chief jeff bezos report that the salacious pictures and tax were leaked to the "national enquirer." not by saudi arabia, but michael sanchez got $200,000 for all that stuff. he's a conservative trump supporter. there's something i'm not. crucial to his reelection he'll be talking about jobs in
manufacturing there. mashed opposite us. now, the president needs to rally the troops out there because he needs more tax cut, more deregulation. he needs an infrastructure built for going to keep this economy moving forward. that is a tough road when the democrats controlled the house. >> the president can only control certain games. he's got to continue with this regulatory rollback. what is trying to do in ohio is keep the plans up in. if he doesn't win ohio he's not going to be reelect said. stuart: can he do that administratively? >> the other thing we forget it is taxes and regulations. another big piece of this. constitutionalist judges. most of the regulations we can't have been by fiat for different judges. the more the president keeps picking these judges will help economic growth.
stuart: is not a major success of the administration so far? lower down the chain. >> he got started on picking these judges. all we really want to do is look at the constitution and interpreted. that simple. he did that for a day one in the white house. more judges confirmed than anyone in this is a big positive impact. stuart: mitch mcconnell just as much as president trump. >> the supreme court seat which neil gorsuch lesabre to fill. keep them up into these great pics. it's going to be his legacy. >> i think it is because of the long-term legacy that goes on for a long time. i want to talk about the reagan thing. what is he got going?
>> a sickly but compile a book called reagan plus the famous 1964 speech where he endorses barry goldwater. reagan's words back and they are relative today. stuart: that was that cpac? you lead and chaired with president trump and his two-hour speech. >> the president spoke longer this year than the 13 speeches of reagan combined. >> extremism in the pursuit of liberty is no vice. >> very goldwater said that. reagan was known as taking very goldwater's philosophy of smaller government and constitution and putting a smile on it in telling stories about it. we need a little bit of that today, too. >> when you smile and deliver -- you know something about that.
what a great guy. thanks for being with us. appreciate it always. i am staunchly against more taxes in the state of new jersey. i lived there. we told you about this one before but i'm going to repeat it. the proposed rain tax. if you're in a parking lot for your business or large area of land, you are apparently responsible for what washes into the storm drain when it rains. that is now a bona fide state law. the larger your land, the more you'll pay. i kid you not. very soon we're going to see president trump welcome the white house. we will bring that to you when it happens. homeland security chief kristjen nielsen says the border has gone from crisis to emergency to near systemwide meltdown. we are going to talk to the former i.c.e. guy tom holman. he will tell us what a systematic meltdown actually looks like on the ground.
ashley and i have been talking. ashley: this market just want to go higher. it'll be the fifth straight day of gains. brushing off this trade talk was now perhaps and in a stomach, maybe in june. still brushing that away. we look at some fed policy later tomorrow. stuart: looks like momentum. it is going up 105 points. that's the business brief. talk in a moment. and herd the cattle back in. let's get at it. (whistle) (dog barking)
stuart: the crisis on the border and it is a crisis. more and more straight on the border patrol. 40,000 families just last month up 65% from january. william la jeunesse is on the ground in mesa, california. bring us up to speed. what the latest of these asylum seekers? >> well, right now there is virtually no deterrence whatsoever. all most anyone can show up in the go right now, cross this border, turn themselves in, claim asylum and a release. we have some caravan members who did cross, cunning through an old portion over the border pass
the border patrol. china is under legally and when they are caught then they claimed asylum. the chief here says the people you want to catch the cancer at 60%. also using children as decoys and they respond to the kid they bring illegals in another area. a new model where cartels are taking people in a bus from the guatemala border all the way to the border here. $7000 dropping him off on highway two, which is just over the fence claim asylum they get in. agents are telling me it's as bad as they've ever seen it. not necessarily because of the numbers but because of who. central americans claiming asylum. it takes two to three hours where they can turn them around in a matter of minutes. stuart: william, thank you indeed airtime on this day on the border.
homeland security secretary kristjen nielsen talking about this disaster. roll tape. >> there is no manufactured crisis center southern border. there is a real-life humanitarian and security catastrophe. we are on track to interdict 100,000 migrants this month the alone. the situation has gone from a crisis to a national emergency to a near systemwide meltdown. stuart: a near systemwide meltdown. this man is tom homan, former acting director of i.c.e. what does that look like on the border. it's supposed to be on the line. why these cartels have big family units and groups across the border.
these are sent to americans. they claim asylum which means many won't show up in court. they get a final order. they're not leaving. it's an entirely different problem than they had years ago. stuart: what is our way out of this? >> mexico asylum program will certainly help. they are not in a hurry to do that either. if congress fails to fix legislatively we can do what we can operationally. for instance, i should do a national operation nationwide and seek out final orders. family unit and adults who had due process and then order removed by immigration judge.
find them, detain them, remove them. i did that three years ago and that resulted in an almost immediate decline. there is no consequence. if the final order from a judge doesn't mean anything. stuart: have you got the personnel to go and look for the tens of thousands. 800,000 people. >> it only takes a dozen airplanes and you see those numbers drop. the democrats in line.
stuart: that's a very interesting idea. i've not heard it before. tom homan, thank you for joining us. thank you, sir. asking workers to volunteer to help deliver 30,000 vehicles before the end of the quarter. that's about two weeks away. the stock moving up just a little. tesla is now at 270 per share. elon musk panel is coming to las vegas and today we have that. are we really going to see this. i am something of a skeptic. vegas is a victory lap for vegas coming to you. ♪ when you rent from national...
comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green."
questions here. first of all, what is the plan? where were the tunnel go inside las vegas? >> words to be here and to come, we would go from the expansion of the new part of the convention site to pick up with the old parcels underground moving easily from the property. stuart: what would be the cost of this if it were to be built fully? >> i don't think we quite known. estimates of dirty to 35 million to 55 million. that's part of the discussion right now. i think that will come out as they continue forward on this. stuart: would they get expedited planning permission? >> i'm sorry i missed the question. stuart: would they get expedited rapid planning permission with that? >> i'm so sorry all i can do is
tell you what i know about the project because i can't hear your questions. you know, we're excited about it. elon musk is a banker much like las vegas always changing our skin been doing new things. we are hopeful that the plants in the negotiations will work out. but he was always into something new as you know. he's trying to get out to the moon. it's got the hybrid tunnel is underway in hawthorne, california. we are trying to see the results of what he accomplishes. he's working on something at dodger stadium and o'hare airport. at this point, those haven't been realized. we are very excited. we look forward to exciting things for las vegas with an airport that's only 15 minutes away or 155,000 hotel rooms we think is sort of innovative than something to be pursuant.
stuart: okay you can hear me. >> now i can hear you. we heard you. real fast i hear that you are one of the top three cities in the united states were tracked to business. i'm sorry, new jobs. is that accurate? >> without question. particularly in technology i think our i.t. trust is really exciting and there were forward inking. we are looking to be an international technology to establish roots with us right here in las vegas. stuart: implies you are the last question because that's probably more. we appreciate you being here. the mayor of las vegas. thanks for joining us always. any moment now were going to see president trump welcome brazil's president to the white house. we will be new that live when it
like it's supposed to. trulicity is not insulin. it starts acting in my body from the first dose and continues to work when i need it, 24/7. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have symptoms of a serious allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your low blood sugar risk. common side effects include nausea, diarrhea, vomiting, abdominal pain, and decreased appetite. these can lead to dehydration, which may worsen kidney problems. i choose once-weekly trulicity to activate my within. if you need help lowering your a1c,
ask your doctor about once-weekly trulicity. we're on the move. hey rick, all good? oh yeah, we're good. we're good. terminix. defenders of home. stuart: president trump is about to welcome brazil's president bolsonaro to the white house. front entrance of the white house waiting for the arrival of president bolsonaro. he is likely a key ally for america rolling back socialist ties which hurt latin america.
ashley: his name is trump of the tropics. he has similar out look. would be a cordial meeting and moment when they meet the cameras. they both like to make strong statements. that should be good. stuart: stay tuned for that. right-hand side of the screen. this is the big story. that is the high of the day for the dow industrials. we've gone straight up since the opening bell. we're up yesterday. we're up 175 right now. very close to 26,100. awfully close to that. i have to say, like we've said before, ash, the market feels like it just wants to go up. ashley: momentum five days in a row. we could finish higher at the end of the day on the dow. another thing weighing on the dow, let's not forget, boeing, was a real drag with its travails. that is even higher today. stuart: yes the had it not been for boeing the dow would be couple hundred points higher than it is now.
ashley: exactly. boeing being positive is helping us as well. stuart: there is fed meeting starting today. we'll hear from fed chair jay powell tomorrow. maybe that is a factor. few expect fed to go really strong on raising interest rates. i had my say. neil, it is yours. neil: stuart, thank you very much. to the northport at this coof the white house, the brazil president, jair bolonsaro. called the trump of the tropics. enjoying improving poll numbers in his country. saying the way things traditional go in lated earn america has to change. remember he was very helpful, in a lot of those dissidents who wanted to make their way to brazil, neighboring countries like colombia. he is effective in that regard. very tigit