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tv   Varney Company  FOX Business  March 27, 2019 9:00am-12:00pm EDT

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dagen, great. have a good day. you said standing room only on the road show. have a great day, everyone. "varney & company" begins right now. stuart, take it away. stuart: good morning, maria. good morning, everyone. you want to see the power and influence of the liberal elites, look no further than chicago and the very strange turn of events surrounding the case of jussie sm smullett. he got off, having faked an attack by trump supporters, by the way, he faced 16 felony counts but somebody evidently got to the prosecutor and she dropped all charges, sealed the records and set him free. believe me, we will have more on this. the democrats have begun a concerted effort to undermine and harass president trump. maxine waters has mounds of documents from a german bank which loaned money to trump
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businesses decades ago. representative tlaib wants to impeach him on the ground that he is quote, the most dangerous threat to democracy. disappointed by the mueller no collusion report, the left has switched to a campaign of constant investigation. more on this, too. news on boeing. as southwest airlines max jet made an emergency landing last night, engine trouble. later today, boeing will be talking to pilots about max jet safety fixes and transportation officials go before congress to explain max jet certification procedures. boeing stock is up a buck this morning. $371 is the price. to the market. solid gain yesterday, probably going up just a little at the opening bell this morning. maybe up 10 there, maybe up 8 for the nasdaq. there's no significant news affecting the market this morning, but we'll see what's going on in a few minutes. we have a green new deal update for you, and wait for it, a plan to limit the speed of
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your car. how do you feel about that? "varney & company" is about to begin. this is a whitewash of justice. a grand jury could not have been clearer. to then say not only is the cost, $10,000 doesn't cost financially but all the other repercussions of this decision, where is the accountability in the system? stuart: where indeed? mayor of chicago rahm emanuel clearly angry about charges being dropped against the actor jussie smollett. now there's a new wrinkle involving michelle obama's former chief of staff. spell it out. ashley: her name is tina chen. public records were made public after the "chicago sun times"
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article shows she sent fox, that would be the state's attorney, eventually recused, sent fox this text saying quote, she wanted -- i wanted to give you a call on behalf of jussie smollett and family, who i know. they have concerns about the investigation. this was just days after the alleged attack. fox then e-mailed chen back, says spoke to chicago police superintendent eddie johnson. i convinced him to reach out to fbi to ask they take over the investigation. he's reaching out now and will get to me shortly. she wanted to take this investigation away from the chicago pd and into the hands of the fbi, believing they wouldn't be as stringent as chicago police. we know the chicago police came out and said this person is guilty, we have many forms of proof. cctv, gps on his phone, everything didn't add up, obviously showed he made up this attack, blamed president trump with the reference of maga and
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this is a remarkable turn-about. manuel, the chicago mayor, says he wants all evidence from this case to be made public so that everyone can make a judgment by themselves. doesn't it sound familiar? this is ridiculous. liz: you feel bad for the two gentlemen accused, right? falsely accused. stuart: this is just an example of where the rich, the powerful, the famous, the celebrities, send a couple texts to a prosecutor and five weeks later, all strings are dropped. don't talk to me about the effect of the elites and their influence on our judicial system, please. i'm fit to be tied this morning. liz: off we go. stuart: good start to the show. here we go. michigan democrat rashida tlaib continues to push for the impeachment of president trump. congressman scott tipton is with us, republican from colorado. look, congressman, these investigations, they're not going to go away, they're not going to stop. is there anything that you, republicans in the house, can do
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about it? >> you know, we are going to be focused on trying to make sure we are creating prosperity and opportunity for our citizens. unfortunately, we seem to have a real pattern that's developing out of democrat leadership right now, it's investigate rather than legislate. we have people that have real challenges in the country that we need to be dealing with as a congress and they need to step up to the plate. stuart: but you can't stop these investigations, can you? you can't roll them back. you can't stop them. and you can't stop them from holding up everything in the house for the next two years. you can't stop them, can you? >> well, we have had the vote in the last election. they now control the committees, speaker pelosi is setting the agenda. it's not an agenda that will be moving us to prosperity. it's going to simply be trying to investigate, not in the best interest of the country. we have got an oversight responsibility but that shouldn't be the only focus. stuart: the only hope you've got is to defeat this politically. it may be a bad political
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strategy for the democrats to investigate, investigate, investigate. that's your only hope, isn't it? >> well, it is. i think we are going to continue to put out ideas, to be able to put people to work, to make sure we are assuring american prosperity. really enforcing that capitalism is going to be the solution to be able to achieve the goals of the country that we would like to be able to have. stuart: congressman, i will be back to you in just one second. let me move on and discuss the markets this morning. we are going to be up just a fraction at the opening bell, maybe 17, 18 points, maybe up 10 or 11 for the nasdaq. listen to this. our next guest says stocks are poised to soar, his word, not mine, soar, as david nicholas is with us. make your case, david. >> stuart, thanks for having me. headline risk is what's plaguing the markets. you have the mueller probe, you have trade deal, you have the fed. technically speaking, there's a few major important things that just happened. 2800 on the s&p is a major
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support level. tuesday we bounced off of that. in the short term, we've got support that seems to be holding at 2800. if we can keep those levels, i'm very bullish. but the only thing that matters, not earnings, not economic data, the only thing that matters that we get a successful trade deal done that's in the best interests of both parties. i tell you, we get that, hold on. markets are headed higher. stuart: okay. talk to me about boeing. clearly they've got a few problems. the stock is around $370 this morning, $371 i think is the latest quote, and they have that max jet emergency landing yesterday. now, you say, i think, that that stock is going to be higher by the end of the year, significantly higher. again, make your case. >> so i think one year out, the stock will be higher but we still have some issues in the short term for boeing, okay? i just want to make a case on earnings, multiples. right now, boeing is trading at
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about 18 times forward earnings, okay. the average for the stock over the past five years is at about 18 1/2 times earnings. if you look at that, basically the stock is trading right now like a crisis never happened. the valuation got a little frothy early in the year so i don't think the selling is done for boeing in the short term, but when you get past the noise, you get past the crisis, i do think boeing trades higher, much higher a year from now. so you can use a call option to kind of hedge your bets on that instead of owning the stock but if we can get past some of these issues in the next few months, the stock's going higher. stuart: do you think they will get past these issues? basically you are talking about a fix for the max jet and a restoration of confidence in the max jet itself. do you think that you can do both of those things, boeing can do it? >> i do. i will say the market does punish stocks that have scandals. chipotle lost 60% of its value in a short period of time. but i do think the major issue for boeing is primarily a
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software fix. when i looked at the reports, when i looked at the analyst ratings, it's really a software issue. i think that's something that can be fixed. they are going to have to fight the p.r. battle but i do think this company is going to have the ability to do that. a year out from now, the company's going to be in a much better situation. the earnings and fundamentals of the company are strong. it's going to continue to take the stock forward. stuart: we will be watching boeing stock and watching that market soar. let's hope. david, thank you very much indeed. back to congressman tipton. let's focus on climate change and going green. as you know, congressman, the green new deal failed in the senate yesterday for whatever reason. what's the gop's climate plan? can you summarize it? you got one? >> we always called for all of the above in terms of strategy to be able to make sure we have affordable energy in this country and to be able to pay good-paying jobs. just had an opportunity to be able to visit with counsel general from japan. they are willing -- want to be
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able to import lng out of the u.s. we have the second largest deposit of natural gas in the country in my district. we can export over to the east to be able to help their environmental needs as well. stuart: is that the plan, congressman? get out of coal, get out of oil and replace it with a much more friendly to the climate fossil fuel, natural gas? that's the republican plan, is it? >> that's part of the plan. like i said, it is literally all of the above. we do have clean coal technology, still a viable, affordable energy source in the country. we need to be able to have oil, to actually drive the economy as well, with natural gas. we can develop wind, solar, geothermal, hydroelectric. these are all part of the mix we need to be able to put in. our democrat friends want to have one size fits all. it's their agenda which unfortunately, the sponsor of the bill, the new green deal in the senate, mr. markey, voted present. wouldn't vote for the
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legislation he introduced. stuart: that really was something else, wasn't it. congressman tipton, thanks very much for joining us. we appreciate it. >> thank you. liz: so did schumer, warren, gillibrand, kamala harris. wow. stuart: the market will open just a little bit higher this morning, six points, maybe, six points up for the nasdaq, too. not much change at the opening bell. how about this. the powerball jackpot is now $750 million. that's the fourth largest jackpot in history. the next drawing is tonight. by the way, your odds of winning, 1 in 292 million. i'm in. mcdonald's going to stop lobbying against the $15 minimum wage. has it automated so much that it doesn't care? we will ask that question. democrats lost on mueller. that's my judgment. so now they are going to hang their hats on health care. what's the republican response to that one? we'll ask the head of the rnc. more after this. you wouldn't accept an incomplete job
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stuart: a federal appeals court rules against kate steinle's parents. she was killed by an illegal immigrant in san francisco in july 2015. tell me more. liz: the ninth circuit court of appeals said that the parents cannot proceed with their suit against the sanctuary city of san francisco on a technicality. they basically said that the law did not require the sheriff to notify i.c.e. about the release
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date of jose garcia, who shot kate steinle. deported five times, convicted of seven felonies. that technicality, because the law didn't say you had to notify the federal agents, they cannot proceed with their lawsuit. stuart: it's understandable. it's simply outrageous. because the sanctuary city fiasco allowed for the killing of this young woman. liz: correct. stuart: that's the bottom line. liz: can i give you quickly the city attorney's statement said we are moving forward on laws to protect all residents. that doesn't help -- stuart: i will be dilaelighted hear that from san francisco. thank you very much indeed. it was indeed in my opinion a technicality. senate minority leader chuck schumer says the white house attack on obamacare is bigger than the mueller probe. nancy pelosi calls it an all-out war on obamacare. now listen to president trump. roll tape. >> let me just tell you exactly what my message is. the republican party will soon
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be known as the party of health care. you watch. stuart: the republican party will be known as the party of health care. that gentleman right herman cain. i want to know, what is the gop plan to be the party of health care? what are they going to do? >> they are going to put the house back together that the democrats blew up to fix the leak in the roof. it was called obamacare. i said this back in the early '90s when they tried to shove hillary care down our throats. you don't need to blow up the building to fix a leak in the roof. so this president and the republicans, they are going to put back in place a competitive system, a free market system that will allow insurance companies to compete, that will allow health care providers to compete. that's what he's referring to. in other words, obamacare was shoved down our throats and it was a one size fits all, and it didn't work. last year alone, stuart, 500,000
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less enrollments in obamacare. that tells you it does not work. they can't blame it on killing the mandate. stuart: they are going to flog the gop because they don't really have -- the gop really doesn't have a detailed plan at this point, does it? they don't have it at this point. >> they don't have a detailed plan but you don't need a detailed plan to put the house back together that the democrats blew up. stuart: yeah, you do. you do, herman. you do. >> stuart, let me finish. look, competition, free market competition, allowing consumers to make choices. that's the direction that they are going. the details of which, i don't know what the details are, but that's the direction that they are going. they are not going to try to shove it down the throats of the american people. stuart: you know as well as i do that once the government gives something, it's almost impossible to take it back.
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if the gop proposal is to take back health care, which is now being given free to millions of people, you haven't got a prayer. >> stuart, i respectfully disagree. there's a difference between taking something back that the people have been given versus giving people choices. that's what the republican approach will be. i believe -- and then there's another way to take care of people who can't afford any health care. we've got medicaid and other ways to do that. so i'm not worried about the people that have gotten something that they didn't have. no. i'm worried about the people who couldn't afford the health insurance or the health care that they had before they shoved obamacare down our throats. stuart: herman, i know you used to run godfather's pizza. did you see mcdonald's is going to stop lobbying against the $15 an hour minimum wage? maybe they have automated so much that they don't need to worry about very expensive
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people working for them. is that the case? >> i think that's one message that they are sending to the bureaucrats. go ahead, mandate higher wages but we are going to focus on productivity. now, here's what i know about mcdonald's, having been in this industry. they are going to ought maautom put in more productivity but it will be productivity with a smile. they aren't going to get rid of all their people. think of it as productivity with a smile. here's the other thing, stuart. after mcdonald's puts in productivity with a smile, watch how fast all of the other chains follow suit. so they are saying rather than fight the bureaucrats, the democrats, the liberals and the lunatics, go ahead. we are going to pursue productivity with a smile. stuart: you've got a smile, too, always. i kind of like that. >> thank you. stuart: see you again soon. thank you very much, sir. there's a lot going on with boeing. they are going to brief pilots
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today on a fix for the max jet. coming up, we will talk to a pilot. i want to know, are these planes safe for commercial travel? that's what i want to know.
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stuart: listen to this. the european union proposes drastic measures to make drivers
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slow down. they are going to install software in your vehicle. any car sold in europe from 2022 onwards must have this software called intelligent speed assistance. it uses cameras, maps, gps. when you start to go over the speed limit, this software will start to slow your car down. the only thing about this that makes it kind of somewhat ridiculous, it can be overridden by drivers. if you don't want to slow down, you just turn it off. liz: non-binding. stuart: non-binding. i've got time for this, real fast. equifax and fico teaming up to collect your data and sell it to the banks. liz: this is horrifying because they had this massive breach, like 100 million people. but it will grease loans to be delivered more quickly, could help the u.s. economy and the movement is now in for credit consumers, people who want loans for credit cards, to basically
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load in their utility bills, gas bills, they are having to manage bank deposits. they will be able to get a loan with that kind of information. stuart: maybe there's a plus there. liz: maybe there's a plus. stuart: down for privacy. liz: exactly. stuart: check the market, please. we will open up in four minutes' time. we are going to be up but only just. 15 up for the dow, 7 up for the nasdaq. back in a moment.
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stuart: here we go. almost to the opening bell, five seconds to go. we are going to be ever so slightly higher. that's what the futures are telling us. here we go. 9:30 eastern time, it's wednesday and we open with a gain of 18 points, 26 points. bottom line here is, a small gain at the open for the dow. now show me the s&p 500. i believe we are in the same situation there. a small gain. very small gain, to be precise. .05%. how about the nasdaq? again, i'm expecting a very small gain and that's what we've got, up .17%. take a look at boeing. a lot going on related to the max jet, the 737. the stock right now is up a buck, at $371. in a moment from now, we are going to talk to a pilot about the fix for the max jet at boeing. now look at southwest.
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they expect lower sales in the current quarter because of flight cancellations with their boeing max jets. they had an emergency landing last night as well. the stock this morning is up a little bit. look who's here. liz peek is back with us. so is jack hough, elizabeth macdonald and ashley webster. i will start with apple. the stock has been down after they announced a streaming service, the credit card, the news platform. the stock went down from the $190s. it's now at 188. what's the problem? >> they basically, they called this big announcement showtime. it should have been called rerun. they announced things that basically amazon and others have done for years. this streaming platform, streaming is such a mess right now. there are over 300 services. everybody wants to own the system and make money off all the other players. there's too much of a fight going on. i'm sticking with my cable bundle until they sort it out. i think it will take years. ashley: there were a number of analysts completely
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underwhelmed, including goldman sachs who is pairing with apple on the credit card. they say the rate of return if you have apple is 2%. a lot of people don't have apple pay and you get 1%. you can do much better with other cards. >> this is a real pivotal point for apple. we all know the global iphone business is trending down. this is their response to that. so it's pretty natural it seems to me that investors are cautious about not only growth of these prospective businesses but the profitability. the profitability so far on services, which is the big thing for them, is extremely high, over 60% margins, compared to i think 39% for the company overall. so i mean, there's a good, very bullish case to make here but i think people are going to be saying let's wait and see if it works. stuart: i buy it. they have so much money, they can buy their way out of problems. >> that is true. liz: they have a billion devices worldwide. >> that's right. stuart: maybe it's a utility. just milk it. >> priced like one. they want to be your whole life,
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right? you have to go to bed with apple, get up with apple and everything in between has to do with apple. >> you think about their cash, think about what they might buy to give themselves a head start. maybe lion's gate or cbs, viacom. stuart: i would buy apple at $189. i'm on record. i'm the guy who bought microsoft at $20 a share. >> we can't forget. stuart: no collusion but michigan democrat rashida tlaib is pushing for impeachment of president trump. this is a financial question. liz, we will have two more years of intense investigations, calls for impeachment, undermining and harassing of president trump. will it affect the market? liz: it could affect the market if it begins to look like they are zeroing in on some business deal he did that could really be an impeachable offense. i don't expect that to happen. stuart: can't impeach a sitting
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president for something that was done before he was president. >> the answer is they will continue to hound him and i don't think that's great for the markets. but that's the world we live in. we are never going to have a kumbaya moment with president trump. stuart: maybe congress will not be able to do anything. >> that's exactly right. stalemate. stuart: the price of oil is real close to $60 per barrel. i believe it's $59 and change as we speak. nope, $60 a barrel. we made it. jack, why is oil going up when the global economy was supposed to be slowing down? >> sometimes it's supply, sometimes it's demand. this is more about supply. it's production cuts. i tell you who this is really good for. there has been a flood of capital that's gone into shale onshore in the u.s. and away from offshore. no one wants anything to do with offshore. the market has been decimated. it wouldn't take much more to have a strong bounce-back in offshore drillers, companies like transocean and diamond offshore. just saying, it's rock bottom pricing out there. no one is expecting it. but they are starting to
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gradually put some of these rigs back to work. stuart: just look what happened the last couple minutes. all of a sudden, we're up 80 points on the big board. we are at 25,700, now up 79 points. there you go. i broke in on your train of thought. >> i think what's interesting to me is in the oil markets, once again, we are watching the saudis. it's all about the saudi cuts. we know they cut more than any other opec producer in february. they are being very aggressive. i think this is something to do with mbs signaling to the united states that saudi arabia is still extremely important to the united states in terms of oil prices. that is just my view. but i don't think it's a message that will go unheeded. stuart: okay. let's go to the big board which is now up 83 points on the dow industrials. quickly move on to the health insurance company that's buying wellcare. they are paying about $15 billion for it. wellcare up $27, 11%.
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boeing, 737 max jet made an emergency landing in florida, engine problems, apparently. boeing is going to update its pilots on a fix today tofor the max jet problem. what do you think, is that thing going to bounce back, if and when? a lot of people buy crisis stocks. nasty crisis hits a company, the stock goes down, people buy. >> this is not an example of a golden opportunity in boeing shares. will the stock bounce back, yes, of course, over time, because this market is a duopoly and we don't have a better way to travel long distance than these plans. but this is the biggest safety disaster i think in this company's history. i've got people, my sister, she's not a frequent flyer, she has a flight planned to florida. i'm talking to her, she says it's okay, i checked on the plane, it's not the boeing -- you know, boeing had things like this in the 1980s but people can check the model on their -- stuart: boeing's high was $446 a
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share. liz: they lost about $40 billion in market share. boeing has a brand image problem. they have been saying we're about safety but making safety features optional and charging for them. we are hearing the fix will be instead of pilots having to fight that software, it will stop the repeated activation of the anti-stalling software. that's the safety fix coming. ashley: continually when this thing first started, there was nothing wrong, there was nothing wrong, perfectly fine, faa kept those planes in the air in the u.s. now all they talk about is fixing it. why does it need fixing? stuart: doesn't look good, does it? i want to bring in a commercial airline pilot who is joining us this morning. his name is anthony roman. he's with us this morning. thanks for being with us, by the way. we just heard stories about people who don't want to get on a max jet, on a commercial flight in america today. is it safe to fly them? what do you say? >> an awful lot of people are afraid. that is the buzz on social media. that is the buzz at every
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commercial business meeting i go to. the question is, is the max safe. what do we have, what's the fundamental issue? we have faulty angle of attack sensors on the front of the aircraft, faulty software, an engine failure yesterday followed by an emergency land g landing -- oh, you got to love this. stuart: okay. you have outlined the problems. are they fixable in a reasonable period of time? >> well, that's the million dollar -- actually, the billion dollar question. boeing recently invited 200 u.s. and international air carrier pilots, technicians, software designers and mechanics to a boeing facility and they had simulator testing. now, all of the pilots were able to recover with the new software
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design, but something is missing there. the surprise that the pilots go through when an actual emergency is suffered. in the simulator, the pilots expect the failure and what happens there is simply that they don't have that surprise and that response delay that in real life, is suffered. stuart: so it's not just a fix, software or otherwise, it's a fix for the plane's reputation, for instance. for our comfort level in getting on the thing, restoring confidence. can boeing restore confidence? >> i think if the software fix and the sensor fixes solve this problem, and the engine failure is strictly a minor anomaly, i think boeing will recover and the max will be one of the most successful designs in boeing's history. if. stuart: thanks very much. i just want to talk to our stock
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people here. if anthony's right, that stock goes where? >> oh, it definitely goes up over time, no question. the only thing is, it's one thing for the regulators to be satisfied. how long until the public sees proof? it takes years. you need years without an accident for the public. liz: they changed the name of the plane and everybody forgets the max. they go out and say we are going to train the heck out of pilots all over the world, they change the name to the mach instead of the max and you're fine. stuart: anthony, thank you very much for joining us. we appreciate it. we appreciate your input there. you know what you're talking about. jack and liz, many thanks one and all. check the big board. we have got a gain, not spectacular but the market's up 83 points for the dow industrials, 25,700. we are still there. facebook cracking down on fake news. how many times have i read that? it has removed another 2600 pages linked to fake accounts. the majority were tied to russia and iran.
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$163 on facebook. purdue pharma, makers of oxycontin, reached a settlement with oklahoma for its role in the opioid crisis. next hour we talk to the attorney general of oklahoma. will the state actually get any money out of them, especially if they got that drug? the democrats continuing to push their climate change agenda despite the senate defeat of the green new deal. what's republicans' climate plan? we ask the head of the rnc that question, next. ♪ to inspire confidence through style. ♪ i'm working to make connections of a different kind. ♪ i'm working for beauty that begins with nature. ♪ to treat every car like i treat mine. ♪ at adp we're designing a better way to work, so you can achieve what you're working for. ♪
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stuart: wednesday morning, we are 13 minutes in and the dow is up 77 points. then we have the online furniture retailer, wayfair. very, very popular, by the way. it's opening its first bricks and mortar store. why? liz: they see it as a marketing way to gain new customers. this is sort of like the best buy way. remember best buy said we are going to showcase items? now they are saying -- by the
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way, they are based in massachusetts. they will open in a retail hub. it's kind of like a popup store to showcase hey, wayfair, we're here, we have great quality stuff that you can buy online or in our store and you can touch and feel it. stuart: sit on the couch. liz: amazon was thinking the same thing with amazon go. stuart: i am right in saying wayfair is a very popular website. liz: it is. ashley: i use it all the time. stuart: you do? ashley: yeah. good stuff. stuart: got to get online. politics. the white house wants to eliminate obamacare completely. democrats not happy. okay. joining us, rnc chair ronna romney mcdaniel. the obvious question, you want to eradicate it completely. you are back to square one. what do you replace it with? you didn't have an answer two years ago. have you got an answer now? >> well, i think the president when he spoke to the senate yesterday made it very clear we want to protect pre-existing conditions. democrat it is have fearmongered on that, said republicans want to take away that pre-existing
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condition coverage. that is just patently false. we want to make sure we lower the price of pharmaceuticals. we have seen a lowering in those prices for the first time in 46 years under the trump administration. and then actually return the doctor/patient relationship. obamacare is insurance and it has been cost-prohibitive for many, many people across the country because their deductibles are $10,000, $5,000. they are afraid to go get health care because of the deductibles. we need to lower those costs, not have washington making your medical decisions but restore that doctor/patient relationship and -- stuart: can i make a suggestion? you want to restore the doct doctor/patient relationship, get rid of the lawyers. bring in tort reform so a doctor is no longer always defensive feeling any patient he or she sees is fwogoing to sue him. you give me tort reform, you have a real answer to the problem. >> and block grant money to the states. let the states craft plans
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specific to their demographics. massachusetts is different than texas which is different than california. so the more you can bring the dollars closer to the patients, the better the plans will be. and the better health care that individuals will receive, not health insurance that is preventing people from getting health care which was what obamacare has been for -- since it's been implemented. stuart: okay. that's health care. now how about the climate? the green new deal went down in the senate yesterday. we know that. that's the democrats' plan. i got that. what's your climate plan? >> well, let's just talk about the democrats a little bit, stuart. stuart: well -- >> no votes from democrats on the green new deal. let's look at the 2020 contenders. beto o'rourke said this was just as important as fighting the nazis in world war ii. amy klobuchar said it's aspirational. 2020 candidate after 2020 candidate lauded this deal but when push came to shove, they just voted present. they are so courageous. what republicans recognize and
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what this president has recognized, that we can only fight things like climate change or other issues that are facing our global community if we have a strong american economy. so by having jobs, by having wages increase, by having a robust economy, we can be a leader in the world because we can't take it on when china and india, especially china, is leading the world and they don't care about these things. that is part of the president's plan. stuart: we had a republican congressman on earlier who said look, part of the republican plan on climate is natural gas. nat gas, we have a ton of it in america. we can supply the world, for heaven's sake. that is much lower in emissions than is coal or oil. is that the basis of the republican climate plan? nat gas? >> i think that's part of it, having clean natural gas and recognizing that we want to be energy-independent and the president, by putting away these regulations that the obama administration had implemented that really stifled our energy
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growth in this country, we have seen a huge explosion in that field and it's actually making us energy-independent. that's a big part of it. but we have to be able to be a global leader. america is leading the way, the united states is leading the way. we shouldn't have to subsidize other countries and we certainly want to make sure that there's parity. we are doing things china and india need to be doing it, too. stuart: the paris climate accord was awful. >> a nightmare. stuart: it was. china can keep on polluting until the year 2030, then it has to try to reduce. that was ridiculous. >> and we restrict our economy. how does that make sense? let me just add, i just want to go back. i know the news cycle has moved on from the mueller investigation. but i just want to call again for adam schiff to resign from the house intelligence committee. he lied to the american people, he was in a position of trust, running the house intelligence committee, being the chairman and going on tv day after day and saying that the president had colluded. that is such a serious charge for a person that's in a position of trust and power. he needs to be removed and we
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need to continue these calls because this has been two years of trying to delegitimize this president. it cannot stand and we can't just let it go. it's got to continue. stuart: ronna romney mcdaniel, thank you for taking the time to join us today. we appreciate it. check that market. we are up 43 points and we have about two-thirds of the dow 30 on the upside. now we are up only 30 points for the dow industrials. how about this one. the measles outbreak, so bad in one new york county, 153 cases, it's so bad it's banning unvaccinated children from all public spaces for 30 days. now, that's dramatic. that is strong response. we are on it. termites, feasting on homes 24/7.
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stuart: measles outbreak, rockland county, new york, 153 cases. now this. unvaccinated children, banned from all public places for 30 days. betsy mccaughey, former lieutenant governor of new york, is with us. first off, enforcement. how do you know who's vaccinated? >> it's impossible to know but this new edict adds a layer of moral authority, telling people if you haven't vaccinated your children, please keep them
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inside. stuart: signaling the tide is turning. >> that's right. they have found cases have been generated at target, at other shopping malls in the area. stuart: there is some talk that there is a religious exemption, certain religions are exempted from the requirement of vaccination. >> all but three states in the united states offer that religious exemption. only california, mississippi and west virginia don't. stuart: was it a factor in rockland county? >> definitely a factor. this is a perfect storm of two things. travelers coming in from a country where vaccination is less prevalent, in this case, israel, and subpar local vaccination rates in rockland county, that means below 95%. so in every part of the country, where the vaccination rates are less than 95%, you are seeing measles cases crop up with travelers entering the area. we have michigan, same thing, an israeli traveler. we have the state of washington that has a serious problem right now, too. stuart: okay. so do you think that we are going to see the end to the
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religious exemption in more and more states? >> that's right. other states are starting to crack down, they are starting -- and requiring, for example, a notarization that you are part of that religion and don't want your child vaccinated because half the states also have this rather loosey-goosey philosophical exemption like the state of washington. that has to go by the wayside. stuart: it seems, as you said, the authority is returning to the authorities. >> we eliminated this disease in the united states in the year 2000. before that, 500 people a year died from it. this is serious business. stuart: i would worry about getting on a plane. >> oh, yeah. liz: good point. >> it's very easily transmitted on planes. if you are unvaccinated and you are on a plane and you are exposed, you have about 48 hours to get that vaccine. it's called the mmr vaccine. stuart: that's the one. okay. interesting story. >> of course, we also have now an outbreak of disease at the border. another kind of traveler coming
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across unvaccinated. they've got mumps. people in detention with mumps, hundreds of them. stuart: mumps is not catching, is it? >> of course it is. stuart: it is? i didn't know that. okay. thank you, betsy. good information. we appreciate it. we really do. all right. the dow industrials has pared its gain completely. we are now up just ten points, 25,600 is where we are. it's the story that everybody is still talking about. that is all charges against actor jussie smollett, dropped. i say the case shows the power and influence of the liberal elites. somebody got to the prosecutor in chicago and it leaves a nasty taste in my mouth. my take on that is next.
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stuart: the power and influence of the liberal elites never ceases to amaze. what just happened in chicago is truly amazing. could it be that michelle obama exercised her power and influence in her hometown? good question. here's the story. the actor, jussie smollett, had claimed he had been attacked and abused by trump supporters. let's not forget that, by trump supporters. he told the world two men, shouting about maga and maga hats put noose around his neck. instant uproar. look what the trump people are doing. the story quickly fell apart. it was a chate crime hoax. smollett faced charges.
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enter the rich, famous, powerful. somebody got to the prosecutors. all charges have been dropped. all records sealed. smollett walks free. instant uproar. question, who is tina chen? she is michelle obama's former chief of staff a lawyer with connections. "the chicago sun-times" has unearthed text messages between her and the cook county prosecutor, kim foxx. miss chen wrote this. i wanted to give you a call on behalf of jussie smollett and family who i know. they have concerns about the investigation. foxx, replied, spoke to superintendent johnson, that is chicago's police chief. convinced him to reach out to the fbi ask they take over the investigation. now this is not quite a smoking gun that proves, shall we say collusion between chicago's elites but as the democrats keep saying it does raise a lot of questions, doesn't it? yes, it does a well-connected lawyer gets through to the
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prosecutor. a few weeks later, a man who faked an attack by trump supporters get off scott-free. the records are sealed. oh, how convenient. this will not stand. there is more to come, but it will be hard to get rid of that nasty taste in your mouth, won't it? the second hour of "varney & company" is about to begin. ♪ >> i've been truthful and consistent on every sing pell level since day one. would i not be my mother's son if i was capable of one drop of what i was accused of. this has been incredibly difficult time. honestly one of the worst of my entire life. stuart: that was jussie smollett after the charges were dropped against him. let's get into it. bring in lawrence jones, fox news contributor. with me today in new york city. look, i find this to be a travesty of justice. i think it shows the influence and power of the liberal elites
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who i think they intruded into this. what do you say? >> not even just assumption at this point. we know that michelle obama's chief of staff made some phone calls. quite frankly all that record should be public since there was conversations about a case going on behind closed doors. secondly, look, we have known this to be happening for a while. i would also note that the reason why they released this now because after the trump investigation was concluded they knew during the news cycle thises with the perfect time to release this. this was rush emergency, meeting with the judge, to get these charges dismissed. people laughed at us libertarians for a while when it came to re-evaluating our justice system. it is known that the rich, powerful play by different rules. just ask beto o'rourke. his dad make as civic phone call. his charges disappear. they all do the same thing. it is wrong. stuart: it is absolutely wrong. i don't think america should
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stand for it but in this case if michelle obama had that influence, her reputation, her image, takes a hit? >> no. absolutely not! this is one of, if i'm not mistaken, she has the best approval rating out of any first lady or presidential candidate right now. everybody thinks flowers about michelle obama. this will be sweeped under the rug. this is why it was chief of staff that did it, so she would take the hit. i think people still will love her. people are so accustomed to the echo chambers, i think they will believe whatever they want to be. stuart: her book, by the way is about to become best-selling memoir ever. 10 million copies sold. >> she loafs capitalism the look at that. >> wait a second. are you telling me within the black community, michelle obama can do no long and it is okay for her to interfere in the middle of chicago and spring a guy who faked a hate crime? >> i tell you this, she can't do any wrong.
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i guarranty you they sent jussie smollett with open arms. a lot of black folks knew oj did it, they know jussie did it. for many people in the community say look, a lot of innocent people of color that were behind closed bars. if we have to use this to highlight that issue, then so be it. guarranty, guarranty, doesn't make it right. we know he did this. he almost started a race war over this nonsense. the many people in the community are not going to look at it that way. you see, that is wrong. on all parties. stuart: it is, yeah. you make very good points, young man. you do. >> that is when i'm in studio. stuart: so much better. >> energy is there. that's right. we have to do that more. stuart: we could always do a bro hug at the end maybe. lawrence, thank you very much. we appreciate it. yes we do. later this hour i will talk to judge napolitano. are we ever going to know why
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the charges were dropped? will we unseal those records? those are pretty good questions, the judge will answer them. right now we have a nine-point loss for the dow industrials. go nowhere market thus far this wednesday morning. couple stories, corporate stories. health insurer centene, buying up one of the rivals health care plans. that is 15 billion-dollar health care deal -- well care health plans. lennar, big earnings miss in the first quarter. revenue down. look at that. the stock is up. we'll figure out why the stock is up. you have such a big miss. ashley: yes. stuart: i don't understand it. let's stay on money. market watcher hans is with us. hans you say we're in a surprise for economic growth this year. i got to tell you i would be very surprised if we meet 3% growth this year. is that the surprise you're talking about? >> no. i think the surprise we won't be
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running under 2% this year or the low twos, stuart. when you look where we're tracking for first quarter gdp, just a week or so ago the expectations were under 1%. actually under half a percent. a week later we're up above 1 1/2% for q1. that is according to the atlanta federal reserve. i think as we move out of the first quarter, which is seasonally the slow time of year, we look to the business surveys, consumer surveys, they're all still at less that reported to fairly good economic growth. i'm thinking about 2 1/2% this year which would be fine indeed that. >> would be fine indeed that would be something of a surprise, if we bounce nicely after the first quarter. that is 2 1/2% rate of growth you're talking about, would that help the market? would we really from here, 25,600? >> well that is the question. i think there are two different things happening here.
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i, it is important that we don't conflate the stock market with the economy. the stork market had a cracking good start to the year. we're up 12, 13% this year. and, that is essentially by my calculation, the full year return that we could expect. remember, earnings expectations are coming down. for the year they have fallen from just over 8% for 2019, to now under 4%. i think we've made the money that we're going to make for this year. so, i think what we have ahead of us in the stock market is bunch of churn. this is where investors need to be kind of cale how they commit capital in this environment. stuart: we don't like the sound of churn, hands. we like the sound of straight up, if we don't get that what will we do. should i sell my microsoft? >> no. i don't think i would move to sell holdings that you want to, that you want to own. it is the marginal ones that you think made the return that you expect if the outlook for them
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is not as strong as you would hope. those are the ones to be thinking about exiting. where you have made your expected return, where you have a hard time making a case for future hold, that those are the ones to think about letting go. stuart: hans on your advice i shall not sell my microsoft. i hope you got this one right, son. hans olsen, frequent guest on the program. thank you for joining us sir, as usual. thank you. >> thank you, stuart. stuart: breaking news, transportation secretary elaine chao about to testify on her department's budget. but wait a second, ash, this is about boeing, isn't it. ashley: it is. by the way there is a bigger hearing going on at the senate aviation subcommittee where the acting chief of the faa, daniel will be on the hot seat. there is questions about the faa and procedure where they certify safety of planes? is there too cozy of a relationship between the airline and boeing.
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we know he will say they say no. airlines develop their own plans, they test them, make sure they comply with all the regulations. what the faa does, show that the overall design meets testing and go over the data. in other words they did this with the mack planes, jets. stuart: on the screen, look at that boeing's stock, since the yepian air crash, that would be the second air crash, it is down 30 bucks. >> for the month, down 70. down almost 16%. it has wiped nearly 500 points off the dow with that performance. stuart: a lot of people buy crisis stocks. if the company gets hit with a tragedy. liz: chipotle. stuart: toyota. ashley: you have boeing, you have airbus, they are the two major airplane designers and builders in this world and they will rebound. stuart: should i buy boeing at 369?
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liz: you wonder. stuart: maybe microsoft. oklahoma reached a 275 million-dollar settlement with purdue pharma over opioids. purdue makes oxycontin. more than two dozen other states are suing them as well. will oklahoma ever see the money that it won? we'll deal with that in a moment. george papdopoulus he told martha mccallum, he applied for a presidential pardon. martha will be with us later this hour. will she think he will get one. what about michael flynn? we'll ask about him too. maxine waters dropped impeachment talk but still going after the president's finances. we'll ask the trump campaign about the endless investigations this is the second is hour of "varney & company".
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so you can achieve what you're working for. ♪ stuart: right now we're up 30 points. 25,600. is where we are. look at proctor & gamble, there is the company that dominates the supermarket. they're pretty close to record territory. the stock price is $102 a share. check on cvs down this morning. no specific reason why. it may be the centene deal worth billions. now it would be a cvs competitor. the stock is indeed down this morning. facebook, got to take a look
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at that. observeoceana, south pacific, tt to overhaul social media laws. this follows the christchurch mass shooting. >> prime minister of new zealand says enough is enough. they want to overhaul the showings media laws, to have a crack down, criminal penalties. stuart: criminal? liz: criminal penalties if you are slow to remove content t was up on facebook a half hour. even longer on youtube. asaustralia is is saying enoughs enough. you're not longer a platform you're a publisher. they are talking about removing immunity for social media. they have immunity from third party content for lawsuits. this will come up in the g20 as well. people in australia, new zealand are tired of this.
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they say enough is enough. stuart: that is teflon. the stock is teflon. it was at 220. down to 150. now it is up to 160. and stayed there. liz: talking about 4% of annual global revenues. that is a lot of money. stuart: they want the money. ashley: sounds like the e-a. stuart: purdue pharma who makes oxycontin agreed to pay oklahoma $275 million. come on in the man behind the settlement, mike hunter, the attorney general for the state of oklahoma. if these lawsuits force purdue into bankruptcy, you won't get any money at all, will you? >> that was a careful consideration in our negotiations with purdue pharma. with our lawsuit pending on may 28th, purdue filing bankruptcy in anticipation of that lawsuit, threatened not only the lawsuit but our ability to get anything out of the company. after careful consideration.
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after hours of hours of negotiation, we came up with a settlement we think is good for the state, good for the country, establishing a national center for addiction treatment at oklahoma state university in tulsa. made a whole lot of sense to us. we have a credit facility, irrevocable letters of credit we established with a bank here in the state, to insure the cash part of this settle isment is secured going forward. >> you got the money? i'm sorry i didn't realize that, you got the money and it is being used in the state of oklahoma? >> we have got the funding locked down, stuart. stuart: are you going, with all these lawsuits, will they force the end of oxycontin? >> part of our settlement and part of the consent decree is that purdue pharma is prohibited from promoting, or marketing their annal guess i can open -- analgesic opioids in the state
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of oklahoma. they're still open for palliative treatment. for acute treatment, they're not appropriate by and large. the oversupply of drug, overply the opioids, pharmaceutical opioids continues to be a problem in oklahoma and other states but as part of lawsuit we mitigated that tremendously. stuart: what about the people of state of oklahoma who need opioids, maybe oxycontin, what will they do? >> there is a carveout in our state's laws with respect to palliative care and acute surgery a subset of people based on the condition there are just not alternatives. so those drugs continue to be relevant and appropriate in those isolated situations but the problem is, prescribing opioids for acute pain and prescribing opioids in a way that doesn't take into account their addictive quality is a
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mistake and was a deception, a calculated deception that these companies including purdue engaged in for a couple of decades. stuart: mr. attorney general, that really does sound like a fair and balanced settlement. you will get the money and people will get the drugs that they need. good stuff, sir. thank you very much for joining us. >> thank you, stuart. thank you very much. stuart: yes, sir, thank you. we talk a lot on the program about the gaming revolution. tons of money on videogames. whoa, it is a spectator sport. do you know companies are building arenas for gaming tournaments around the country? ashley: i did. stuart: that is astonishing to me. it is brand new. more on that in just a moment. ♪ this is not a bed...
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♪ stuart: this is our trend story, the gaming revolution. this one came to us from comcast. they are building a the world's first gaming centered arena. i got questions here. first of all, where is it? and is it principally, primary designed just for gaming? ashley: yes it is. it is called a special purpose e-sports arena. 3500 seats. it will be in south philadelphia. being built on a 47-acre stadium complex site. yes, comcast is doing this, investing 50 million. has its own e-sports team called fusion. it's a 20-team league. fusion luckily will have this arena for big events this will be a hub on the on the east coast for other e-sports events. this shows the phenomenon we've been covering is really growing. we have an arena for e-sports. which we know generates billions. stuart: i find that fascinating.
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i'm absolutely not a part of it. grandchildren, yes. moi, no. mcdonald's big shift for them. they are not going to lobby against the 15-dollar an hour minimum wage. liz: this comes out of "politico," essentially saying mcdonald's told the national association of restaurants. we'll not do it, continue to lobby against the 15-dollar minimum wage. we're backing off. of course mcdonald's will have 9,000 stores will have more kiosks. doesn't mean they will replace cashiers but are automating. we'll see democrats push on the house floor, 15-dollar minimum wage. claim before commerce mr. donahue says we are willing to talk about it. stuart: mcdonald's will not oppose it. liz: mcdonald's will not oppose it. stuart: they are not caring anymore. they will automate the jobs out. not completely killing them but the 15-dollars an hour.
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liz: 9,000 of the shows will have -- stuart: i don't want a robot, mr. varney, we think you should order this. that is what it coming. liz: they will not say, would you like fries with that. i wonder if the robot will say that? stuart: next case, freshman congresswoman rashida tlaib will push for impeachment, despite the results of the mueller report and despite what the democrat leadership said about not pursuing impeachment. can republicans get anything done when the house is run like that? 62 points up for the dow. that puts us back to 25,700. we will be back too.
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♪ ashley: okay. stuart: oh, dear. ashley: you don't like that one? stuart: i just, i'm not happy with the selection. ashley: too poppy? stuart: bubble gum pop. liz: are they a pop band? stuart: our producer eric chose these songs, he is away this week. ashley: way to throw him under the bus. liz: yellow submarine tomorrow. kidding. stuart: 52 points higher for the dow jones industrial average. that is where we are, 52 up, 25,700 is the level. wait a second. we just got the numbers how much oil we've got in storage. give me the numbers. liz: up 2.8 million. it is 2.8 million more barrels in storage. they were looking for it to go down 2.2 billion. these numbers are all over the map. oil sticking at four-month high right now. stuart: $60 a barrel. liz: that's right. stuart: gas keeps going up. the national average is 2.67. can you imagine that?
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$60 oil. ashley: that number should bring oil down, we have more in storage than we thought. stuart: it hasn't moved. it hasn't moved. 60 bucks flat right there. ashley: there you go. stuart: next case, russia, russia, russia. it is all said and done but michigan democrat rashida tlaib continues to push for impeachment. rob woodall, republican from georgia. sir, this will go on for the next two years. endless investigations and calls for impeachment. they will not go away. this is what we've got for the next couple years. my question is, in that environment, with this harrassment of the president at every turn, can the gop get anything done in congress? >> it is not just going to be the gop. it will be a bypartisan effort to get something done, stuart. you see the folks on the left end of the democratic party. they're going right over the edge. this mad rush towards impeachment. this isn't something driven by mainstream democrats across america. this is something driven by
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extreme left of the democratic party the i think we can come together to put a stop to it. stuart: on what subjects? like infrastructure? that is the mosby partisan deal here. can you tell me, in the next two years you believe, firmly that we'll get an infrastructure package? >> i absolutely can tell you that today, stuart. in fact i left the the transportation markup to be here with you. we're moving legislation through the transportation committee today. we're moving in a bipartisan way. no, folks from fringes of the left will not prevent us from getting done for the american people what we promised we would get done. stuart: what the timetable on the infrastructure plan? >> we have two big bills out there. one is a larger infrastructure bill. hopefully this year. the other is a major reauthorization of the highway system next year. the question is -- stuart: who pays? the democrat, i think the democrats want a tax increase and i'm not sure you do? >> they absolutely want to see tax increases. i prefer user fees. you get what you pay for in america. if you use the roads you pay for
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those through a gas tax. that is exactly the way we'll continue funding the system going forward. but we all have roads and bridges in our district. we know the shrill voices on the left will not prevent us from solving america's problems when it relates to infrastructure. stuart: talk women my graduation and the border for a second. i have two news items there. we have another caravan coming, that is number one. border officials are predicting a million migrants will try to cross the southern border this year. congressman that is a real crisis. will congress, the house, do anything about it? >> well i don't think you can count on the house for leadership. i you should look to the senate this time. ordinarily i would look to the house for leadership. but nancy pelosi again has these shrill voices on the left she has to manage. but it's a national emergency, when you have a million folks trying to cross the border without a visa. we have real problems that we can fix, not just at the border but with legal visas. we haven't reformed the immigration system since the mid
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1990s. we can do better in the 21st century. stuart: i believe this plays to the republican advantage. when middle america see people lining up by the million to get in here and stay here, i think there will be a reaction against the democrats who are not doing anything. what say you? >> we're either a nation of laws or we are not. we can be open to families from all over the world coming to pursue the american dream but it doesn't mean throwing out the laws while we do it. we are a nation of immigrants. we are a nation of laws. you're absolutely right, stuart, middle america, still believes that following the law means something to us. it is part of our culture. it is part of our future. stuart: thank you, mr. congressman. we appreciate you being with us today. all food stuff. thank you, sir. >> thank you, stuart. stuart: let's get back to your money with the dow up, what, 35 points. kind of a go-nowhere day thus far. we have nasdaq down a couple points. the dow is up 36, go nowhere, i think i can be happy with that.
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mark luschini, come in please. i read your stuff. you're bullish on growth. hold on a second, just a few minutes ago, we had hans olsen, market watcher on the show. he says we might get 2 1/2% growth this calendar year that would be pretty good. are you talking about 2 1/2% growth this year if so, how do we get there? >> i stuart, think that is not unreasonable expectation. certainly trend growth, at least according to the fed estimates is around 2%. we expected a downshift in economic activity in 2019 from 2018 pace of 3.1% clearly. but nonetheless, i think above trend growth should be the expectation given momentum the economy has at the moment. i think reason for that, is really the fact that the consumer remains in good shape, jobs are plentiful. we see wage gains occurring. balance sheet is in good order. that will fuel prospect to propel spending on go forward basis. as long as the business
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community sentiment doesn't melt, especially if we don't get a trade deal or one soon enough, that ought to keep momentum clearly in place. stuart: is the growth rate you're suggesting for america, dependent on a china trade deal? >> i don't think it necessarily depends on it but certainly will be unmined if we don't get one. i'm worried about business sentiment. we're coming off elevated levels, granted. surveys from small to large businesses have clearly rolled over. i think the extent worries about trade would continue to facilitate a deterioration in the sentiment reads that would eventually bleed into what businesses are doing, spending on capital equipment and hiring of should that turn for the worse, obviously that can factor its way back into economic activity. stuart: let's suppose we do get two, 2 1/2% growth. does that translate into another leg up for stocks? >> i think it does, stuart. the fact is at the moment, it seems as though sentiment about
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is a global economic conditions certainly but even to the extent bleeding into u.s. economic activity is worry for the market. you mentioned the fact we have a go nowhere day. we're in period of time where we're absent corporate earnings, we have gone through one season. about to embark on one another couple months. i think market participants are looking at economic data, if we see environment remains fertile for corporate earnings to grow, equities can leg up, continue its advance. in the absence there of we're more likely to subject to derating equity prices and work off some of the handsome gains we've already had so far this year. stuart: mark, we appreciate you being here as always. thank you. i have an update on the lawsuit involving peloton the exercise bike people. what is the story? ashley: music publishers are suing peloton, seeking $150 million in damages. this is all about songs that appear on popular videos as people cycle away inside of
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their own home. basically the music pub leshs say you haven't pay licenses for these songs. lady gaga, bruno mars, justin timberlake and so on and the music industry is saying removing them is too little, too late. we want you to pay for what you've been using. it is unfair for peloton users who like the music but can't access, because peloton is bringing it down, not use it instead of paying for licenses. liz: quite a story. ashley: yeah. stuart: i'm not so sure, if i'm pedaling away -- ashley: if you're a songwriter you like something for your work. stuart: i understand. i certainly would. i like to get paid. ashley: yes, exactly. stuart: all charges dropped against jussie smollett. a whitewash of justice says the mayor of chicago and an outrage. that is what i say. the judge as in nap --
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napolitano, will we every see charges? the new version of nafta. the president wants to make sure it gets through congress. can it get through the congress with democrats in the charge of the house? that is another good question for you. the dow is only up 13 now. only from fidelity.
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♪ ashley: in the last hour pilot anthony roman told us that boeing is conducting successful
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simulator tests on its new max 8 software but he says it is not real life. roll tape. >> all of the pilots were able to recover with the new software design but something is missing there. the surprise, the surprise that the pilots go through when an actual emergency is suffered. in the simulator the pilots expect the failure and what happens there is simply that they don't have that surprise and that response delay that in real life is suffered. if the software fix and the sensor fixes solve this problem and the engine failure is strictly a minor anomaly, i think boeing will recover. ♪ (dr. kloecker) i started katy on keytruda and chemotherapy and she's getting
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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
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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: now we're down 40 points. we've been bopping around here. up 50, down 40. kind of a go nowhere day thus far. now chicago's mayor rahm emanuel, angry about charges dropped against actor jussie smollett. there is new wrinkle involving michelle obama's former chief of staff. joining us judge andrew napolitano. judge, look, this wrinkle is, michelle obama's chief of staff made texts to the prosecutor. >> i've seen the texts. stuart: you have seen them. >> right. stuart: it appeared to be sort
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of interfering here. five weeks later they drop the charges. >> this must be an act of political corruption, not corruption where somebody was paid to do it but corruption where favors were passed. i don't know that michelle obama or her chief of staff caused this to happen. there is actually nothing wrong with suggesting to a prosecutor that a defendant should be allowed deferred prosecution. what is wrong here is what the prosecutor did to dismiss the charges as if there is no basis to prosecute. and then to allow an expungement of the record. you know what expungement means? he can legally answer under oath he was merv indicted, never charged, he was never arrested. that is how effective the expungement is. stuart: that is expungement much his record? >> that's correct. stuart: what about the ceiling of the court case records, can they be unsealed? >> yes they can be unsealed if a
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judge's mind were to be changed but right now everything is sealed. if reasons were given to the court to justify this most unorthodox decision to dismiss the charges, by the way they are dismissed forever. they cannot be reconstituted. he cannot be reindicted. that is the end of it. the only way he can be prosecuted he may have brought this prosecution by himself, is federal government. there is potential federal crime here, use of mails, mailing fraudulent instrument, which he sent to himself at fox. stuart: it is just appalling judge. >> it is. stuart: the judicial system has been raped. >> this is a system where the judges are popularly elected and prosecutors are popularly elected. who dismiss as criminal case, by the way the bail you posted? you can keep it that is unheard of. even though i'm not being punished i will do all the hours of community service for you. this is some sort of a hybrid of
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some sort of a deal. the government wants to deny it is a deal, because the government after it happened said he is guilty we can prove the case. if you think he is guilty, you can prove the case why did you dismiss it? stuart: i'm just appalled. i have a breaking development on boeing. from elaine chao? ashley: as we know she is testifying in a budget hearing but getting questions about the faa and its relationship with airlines. she is being asked about the max 787, 737. said it is very questionable why some boeing max safety features were not required. in other words we know that the new software gives pilots better control if they're having problems, in other words take back control from that software. she is asking why that was not required in the first place? stuart: well, interesting boeing's stock is down a little bit more. boeing at 367. ashley: there you go. stuart: down 54, probably on
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that news. okay. back to the judge who remains with me as always. >> delighted. stuart: the ninth circuit court of appeal, our favorite, okay, have ruled that kate steinle's parents, they ruled against them. she was the young lady killed by an illegal immigrant in san francisco back in 2015. now i think the ninth circuit ruled on a technicalitity, is that correct? >> sorry to tell you what they ruled on, a statute that i profoundly disagree with, but they followed the statute. the statute, written by the california legislature generations ago, not a jerry brown thing or gavin newsom thing, gives immunity to the government when it makes decisions, even when those decisions are morally wrong and even when those decisions result in the death of innocents. sovereign immunity, which exists in almost every state in the union, makes it nearly impossible to sue the government because its procedures resulted
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in the death of your child. so as horrific as the outcome is, in my opinion, the california, ninth circuit court of appeals in california merely followed california law. the in my opinion the law is bad. it would be a safer, freer country if the government, if government agents were personally responsible for the deaths they cause. that is not the law. stuart: so, these poor people, walk away with nothing. >> they walk away with nothing. absolutely nothing. this is clearly, as the result of california policy. stuart: yes. but i don't mean to be critical of the ninth circuit. >> actually in this case they did something conservative. they followed the statute. they didn't rewrite it to suit their political predilections. stuart: judge, say there, i have more for you. let me tell you about this. george papdopoulus, told martha mccallum he applied for presidential pardon. my question, will he get one?
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what about michael flynn? we'll deal with that with the judge next. termites. we're on the move. hey rick, all good? oh yeah, we're good. we're good. terminix. defenders of home.
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stuart: now we're down 60. 25,596. george papdopoulus, former
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trump campaign foreign policy advisor, served 12 days in prison as part of the mueller probe, he sat down with martha maccallum. watch this. >> do you think you will get a pardon from president trump? >> i have no idea. i have no expectation for it. my lawyers formally applied for one. if i'm granted one, it would be tremendous honor. >> you spent 12 days in federal prison which is not a picnic but you would like to have that off your record? >> i definitely would. would be nice to move on with my life. my wife would certainly forget this entire chapter, get this behind us. stuart: well he asked for a pardon. he hasn't got one yet. judge, if he did get one, wouldn't that open the pandora's box to mr. flynn? >> i think it might very well be. senator rand paul told our colleague neil cavuto yesterday, the personally telephoned president, to pardon, not mr. papdopoulus, but general flynn. i interviewed george papdopoulus
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yesterday as well. i said why did you plead guilty to something you didn't do? he was exposing himself to 12 days in jail as opposed to 12 years. the government, as it often does, wants to coerce you into pleading guilty, throws everything but kitchen sink including obstruction of justice, variety of things. i asked him, what was the actual lie? it was not a lie. it was a mistaken memory often happens with almost everybody, after hours and hours and hours of aggressive interviewing by fbi agents, which of course i wish i had never done. i'm paraphrasing him. i wish i had only done in the presence of my lawyers, but it was too late by the time i asked for a lawyer. stuart: could you say the same thing about mike flynn? >> yes. stuart: bankrupted. >> mike flynn may very well get the pardon. he is bankrupt. he almost has to start his financial life all over again for his current age. stuart: the president may pardon anyone at anytime for anything?
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>> add federal. the president may pardon the for any federal crime. there is no way to compel the pardon. stuart: i expect the pardons will be granted. what say you? >> mike flynn is about to be sentenced. last time he faced the judge, next time you come back here, general, bring a toothbrush. which means you will not be free. you will go to jail from the courtroom. stuart: that was nasty. >> that is nasty. i never used that language myself but a lot of judges do. so i would think if he is going to pardon general flynn, it would include george papdopoulus as well as would need to be done in the next two weeks. stuart: but not manafort? >> well manafort, the conviction is totally unrelated to anything having to do with the president. i don't know how the president feels about that. could he do it? yes he could. stuart: judge, good stuff indeed. thank you very much, sir. see you soon. mr. mueller, yes he cleared the president of collusion. so, maxine waters is on to his finances? my take on the endless
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investigations from the democrats. we'll have that at the top. hour for you. republicans want to kill obamacare, kill it off completely. they want to be the party of health care. what is their plan? senator mike braun, the healthcare senator, he will join us this hour. a week after the president went to ohio, he has gone to michigan. big push for rust belt states that he won in 2016. we're covering this all next hour.
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i'm ..
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stuart: perhaps they are dismayed at the mueller no collusion report. perhaps they are detested for so long they just can't give it a beard whatever the reason, the democrats have launched a vigorous campaign in recent political history. president trump is the target. maxine waters leads the charge. she chairs the house financial services committee. she's going after the president very german bank which wants money to donald trump's business is way before he became president. in this environment it is fair game to investigate anything and everything that he has ever done. the bankers deutsche bank which paid $630 million fine for laundering money out of russia. maybe mueller missed something. or investigate to the nth
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degree. jerrold nadler chairs the house judiciary committee. he is investigating possible violations of anticorruption and the constitution. he's going after trump family members do. congressman nadler is a new yorker with a history of run-ins with the future president. mr. trump called him one of the most egregious hacks in contemporary politics and there's clearly no love lost. these investigations are likely to lead to impeachment but that doesn't top democrats be representative al green one to impeach and on grounds that he is a bigot. tell the ones to impeach him because he's the most dangerous threat to our democracy. i think it's gross overreach and damaging to our country. we are far more important things to do than harass the president of a decades-old loan from a german bank. i also think it's lousy strategy for democrats. contents may satisfy the hate
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filled left in the pompous coastal elites but it won't play well with middle america and that's where 2020 will be decided. the third hour of "varney & company" is about to begin. look who's with us. david avella, gopac chair and madison jesse otto is a board member for trump 2020. to you first. the democrats own the house. investigations will go on forever. they'll be constant impeachment cause. president trump's agenda will go nowhere in this congress. >> up by presidents over the last few years have used executive actions more because of the inability. they didn't pass a budget the entire time. and now you hear them talk last
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night at a rally or two nights ago she said let's go get the goods. this is a party that's hatred for the president is so high that everything else gets blinded by that. as someone who in 2012 is on the other side of that equation, republicans were so angry and so detested. there's no way he can win reelection and he goes about who wins reelection. that's what they set themselves up for in 2020. stuart: what are your thoughts on the democrats overplayed their hand. when you say? >> this is going to kill them. politically of course. this is going to be the end of the democratic party as we know it. i talked to people in the midwest in this nation, many democrats are frustrated at this because as they've seen time and time again they elect people to office specifically congress.
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they promised constituents the world and deliver nothing. they waste taxpayer time and money on investigation after investigation with nothing turning up. it was close to $30 million. >> the end of the democratic party as we know it. bold statement right there. >> we let how far left are going. democrats do not align the socialist policies. didn't think to bring a deal. >> the perfect segue to this the great new deal failed in the senate. i'm not quite sure how that worked out, but democrats didn't want to take a position on it. one of them showed ronald reagan riding a dinosaur. congresswoman alexandria ocasio-cortez snapped back on twitter with this. like many other women working people occasionally suffer from impostor sister syndrome especially on hard case for you wonder if the heaters are right
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but then they do things like this to clear right. if this guy can be senator, you can do anything. senator mike lee responded to her response. roll tape. >> i'm glad that she sees me essays force of inspiration or whatever it is she's trying to do as strongly as i might disagree with what she's trying to do. the point here is to have a little fun at the same time returning to bring attention to a very serious issue. she's propose something that would be horrible for the american economy. something that is in itself serious. it is so unserious that not a single democrat wanted to vote in favor yesterday in as many as four democrats in the senate voted against it. not a serious proposal and something we are to highlight as we consider things like this that would be devastating on our
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economy. church in madison, that really was extraordinary. they simply said president even though they'd endorse the great new deal several times previously. >> i think he brings up a very good point and that is democrats came across the aisle to vote against this. this is not something that would benefit people in this country. stuart: they did. i forgot about that. but look, david. it was supposed to be just a concept. it's a vision kind of thing. take them at their word. that's what it was. it wasn't legislation. you accept that? no. >> voting president is a week midway are voting now which is what they really meant. the two pieces of ideas democrats are most pushing. both of them struggle with
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approval in suburban areas among suburban women in particular where they go this election goes and unpopular the idea that democrats are putting out. >> congressman sean duffy clashed with alexandria ocasio-cortez on this great new deal right after it appeared on this program. roll that tape, please. >> if you are a rich liberal you can afford to retrofit your home or build a new home that has easier emissions from energy efficient, affordable and safe. >> you want to tell people that their concern and desire for clean air and clean water is elitist? tell that to the kids in the south bronx suffering from the highest rate of childhood asthma in the country. tree into do think i was a good comeback from aoc?
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>> not really because she's out of touch with what people need and what they want. they want jobs. they want to be able to better provide for families. yes we all want clean water. no one wants to drink that water but that's not what it was about and she knows better than that. >> you would love to see the democrats run on the great new deal with new. you could win big time. are you sure? >> positive. stuart: republicans are not really addressing climate change and monster is a very large group of millennia else. >> this is not about clean air and water. this is transforming the economy to make it much more government should be running the economy. sure into socialism thrown over the top. david and madison, thank you for being with us. we'd better get back to the market not they were doing not much. i've been down all day kind of a go nowhere.
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let's see if they do anything at all. mostly lower. apple is set to bucks at 188. a-alpha back on amazon facebook, microsoft on the downside and slightly down day. big meeting at the white house talking trade, specifically the u.s. mca. the new version of nafta. the president wants to ensure congress. this hour were talking to lawmakers in the room. i'm going to put it to him. can they get it done with democrats in charge of the house? another good question. he'll be hosting a campaign rally in grand rapids, michigan. part of a bigger plan to bolster his popularity in the midwest where he won big in 2016. we are talking to the chair of the ohio gop. senate minority leader schumer says that the white house attack on obama cared is bigger than the mueller probe. nancy pelosi called it an
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all-out war on obama cared. president trump says the gop will be the party of health care. we'll talk with the senator about that after this. ♪ why haven't you started building? well, tyler's off to college... and mom's getting older... and eventually we would like to retire. yeah, it's a lot. but td ameritrade can help you build a plan for today and tomorrow. great. can you help us pour the foundation too? i think you want a house near the lake, not in it. come with a goal. leave with a plan. td ameritrade. ♪
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♪ you got a side that wants more space, ♪ ♪ ♪ 'cause every day starts like a race. ♪ ♪ you got a side that loves that style, ♪ ♪ but to fit in those shoes gonna take awhile. ♪ ♪ today life's got you runnin'. ♪ ♪ tomorrow big things are comin'. ♪ ♪ that's why nationwide is on your side. ♪ ♪ >> let me just tell you exactly
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what my messages. the republican party will soon be known as the party of health care. stuart: that was quite a statement there. the president said the gop will be the party of health care. there you go. our health care guy on the hill if i can put it like that of senator mike braun, indiana republican and he joins us now. mr. senator, trying to get rid of obama cared completely. you've got a replace it. what is the gop's replacement plan for obamacare? >> that the question i was so happy yesterday but of course the president was exuberant but mueller report behind him and right at the tail end of the luncheon is ever going to on health care. that's what i spent my recent career on in terms of trying to get the industry to be competitive. we've got to be careful because preexisting conditions, no cap on coverage and even having your kids on the plan until they're 26 years old is part of what hoosiers and americans can
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expect at the health care industry's job, especially health insurance to get that done. so i challenged the industry to come up with the solutions myself and a few other senators that know something about it are going to start prodding them with transparency bills. they will lower the price of drugs, but they should not need to be force-fed. democrats ironically on the issue, promised medicare for all and therefore not careful, that might end up with the our father and the industry saw the thought occurs. tree into your very successful businessman in your private life before he went into politics. you understand clearly the damage lawyers can do to any business. is there any chance that tort reform, getting the lawyers out could be part of the health care reform for the gop?
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>> great question because if at the time of the game that we need to throw the kitchen sink at this problem, all tools, tort reform, being able to buy insurance across state lines. associations and cooling, but mostly transparency. markets work when their competitive and transparent. consumers do the heavy lifting. the whole system has been devised to be close behind third-party agreement not ever ask him the question when you get a health care is their best how much does it cost. that's got a change. i and a few other senators that know something about it are going to keep this out there is a hot item i hope this is a time when we do on the issue because it's not the health care industry will help one business partner, the federal government if we don't get with it. >> just a few minutes from now democrats are going to announce a new special committee to deal with climate change. they think it's going to be a during the 2020 election.
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what is the gop's plan for climate change? >> so again, we know the climate is changing to some degree. democrats try to make a cataclysmic. the biggest things in any climate change model would be the costs you incur by trying to do some of the crazy stuff they're talking about. air and water quality has been improving since the 70s. there is room to still improve. we need to cite that the rest of the world, including the coal plants that might be going up elsewhere. china, india, most of the marginal pollution is coming from. we've got to have enough sense to explain to the american public that the great new deal is not the answer. it would either double or triple the size of the federal government to peter medicare fraud in with it and we currently don't play for -- pay for 30% of the government were
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used. it's a fantasy plan on winning to make sure we articulated accordingly. stuart: you answer questions directly. you honestly happen in congress very long. it's always a pleasure. thank you, sir. appreciate it. health insurance companies paid more than $15 million. the stock is down 8% and with the well care health is out. look at this. all of a sudden we are down 126 points and falling. i'm not aware of anything that suddenly happened. far from it in fact. all of a sudden -- >> they like to call it choppy. it goes up 60, 7100 then down to the, 60, 70. of course the big issues we've been waiting on still hanging out there.
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i do want to say brexit had that much of a head, but the china trade issue is still hanging on here. have the earnings season coming up so that's a big one. how much were react earlier? could it be the yield on the ten-year treasury? i'm not seeing that. it was 237-2365. two things going on here. maybe the very low ten-year yields as a result of expert patients of a recession for real slowdown in the global economy. or maybe it is foreign money which can get a decent level of return. up goes the price. down goes the yield. >> we've been talking about europe showing signs of weakness. so we still look like the
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cleanest dirty shirt in the closet. >> i'm sitting over there in berlin or wherever and i've got the money. i'm not going to give it the german government. it's a negative interest rate. they don't give it all back to you. bring it over to america and negative rate of return. breaking news from the white house. vice president tense meeting with the first lady the wife of the opposition leader, juan guaido. let's listen. >> it is extraordinary to see her courageous president, and guaido for freedom in venezuela already. stepping forward recognize as the only legitimate president of venezuela. venezuela is in crisis as the
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years subject to leadership and oppression, nine out of 10 people in venezuela live in poverty. 3 million people in venezuela have fled their country under the brutal regime of nicholas maduro. nicholas maduro is a dictator with no legitimate claim to power. it is the policy of the united states of america, the direction of president donald trump that nicholas maduro must go. it was our great honor when your husband took the oath of office as a legitimate president of venezuela to be the first nation on earth to recognize guaido as the president of venezuela. but to see him in his courageous wife stand before with this diary not just the people across our hemisphere, but all over the world and in the days that
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followed has brutalized the opposition in jail chief of staff, president juan guaido. it was attempted to be brought into the country from colombia. nicholas maduro danced in caracas while they burned medical supplies. we call them to join with us to stand for freedom in venezuela and the call on nations across the world that are supporting the corrupt regime of nicholas maduro to and not support. the united states views this week and asinine bolcom provocation that we call in russia today to cease all support of the maduro regime and
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stand with nations across this hemisphere until freedom is restored. but to the first lady of venezuela, it is my great honor to welcome you here today. the admiration of president trump, the first family, our family was encouraged you have shown in your husband has shown. the message very simply as we are with you in the united states is going to continue to stand with you. stand with your courageous husband and with freedom loving people in venezuela until it's restored.
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[speaking in spanish] ashley: at my spanish is a little rusty. stuart: round of applause for america. what a great thing that is. this is the wife of the legitimate president of venezuela has gotten out of latin america, mated to the the white house, stands with our vice president and as of right now she is in a meeting with president trump. this is a tape couple minutes ago. now in a meeting with our president and were hoping to get some tape within this hour. the vice president has some remarkable things to say. there is a genuine crisis in venezuela. it's a brutal regime. no legitimate on power.
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it was a provocation. >> which is very strong vocabulary. stuart: i just love to see that lady right there in our white house squirreled out the dangerous environment meeting with our president. >> that would, wouldn't it. who knows. big meeting at the white house to talk trade specifically. the u.s. mca. the new version of nafta. a lawmaker with the president to deal needs approval from congress. will congress give that approval? in a few moments, democrats will hold a news conference announcing a special committee on climate change. the day after none of them voted for the green new deal. we've got a big show for you. ♪
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here you go little guy. a cockroach can survive submerged underwater for 30 minutes. wow. yeah. not getting in today. terminix. defenders of home.
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stuart: happening right now, senator marco rubio met romney and congressman and wagner are unveiling their new paid family leave plan. awaiting the full details are it will bring them to you.
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also waiting for a press conference from senate democrats who create it in the special committee on climate change and will keep you in that loop again if anything good comes out of that. that's moments away. check the big lord of the more now up 150 points. i've got a suspicion that it the interest rate they keep falling. we are now down to 236 on the ten-year treasury. that is a low level. maybe a signal of a slowing american economy and global economy. >> that's a 15 month low. go back to december 17. that will make investors pay attention. stuart: a slowing growth around the world or that would confirm slowing growth so the market is down 150 points on the dow. boeing may be a minor fact they're here. bowling is down $2 that 367. billing is a dallas talk.
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i thought if it was a sharp fall that would affect the dow. i don't think it's not that big of an impact. just down $3 at $3.67. president trump sat down with members of congress yesterday. gop people to discuss the revised nafta. congressman vern buchanan, florida republican who was in that meeting. first and foremost, do you think this u.s. mca will get through congress? >> yes i do in our goal is to try to get it through in august. we had a chance to meet with the president. obviously very enthusiastic about where we are at because a lot of work needs to be done. when you do get to 218 votes in congress ideally by august. stuart: can you get those about democrats? i don't know where they stand. can you tell us about? the ambassador is had numerous
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meetings. i talk to inhabit the republican side and i'm pretty bullish about where they're at. $1.3 trillion in economic activity. 14 million jobs. so i do want to say it too big to fail. the bottom line is that needs to get done. >> this sounds like the most bipartisan measure most likely to pass. would you say? >> i think so. border communities along mexico, 2200 miles. i think they're going to have a lot of pressure to make sure this gets done. mexico is already very fragile but somehow this goes down in the president threatened to even maybe not do any kind of a deal but it would be a huge negative impact on mexico as well. stuart: that was my question actually. if democrats they were resisting everything and anything from president trump in u.s. mca does not have to say it's a big negative for mexico.
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what about us? >> a huge negative for us, too. i'm pretty bullish it's going to happen because there's too much at stake. in 25 years the anniversary $1.3 trillion in economic committee. 14 million jobs. so this is something i need to come together and make it happen. stuart: would you comment on the political climate now after the mueller investigation. the no collusion. i'm told that it's still really very toxic right now down there in the two sides don't do much talking to each other. >> the president is pretty bullish talking with him at the white house yesterday. bottom line a lot of us are working behind the scenes to get things done. the news is not always what's going on. i feel pretty impactful on retirement things that were working on right now. this is one of them we will see a solution on in the near
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future. stuart: you're extremely busy and we appreciate you taking time out to talk to us today. >> and thanks for the opportunity. stuart: sure. thank you. another blow to big tech coming from the european union. they have approved new copyright reform they charge you money for sharing videos that are yours. he knows that this is all about. frequent guest on the program. tommy, explain what europeans are doing and why so damaging. >> great to be back. this is years in the making. they've got data copyright laws in europe, which haven't been updated for some 20 years what they are trying to do is level the playing field between big tech on the one hand taken all the advertising dollars in media publishers on the other hand who complained the content has been taken and monetize without them getting a fair share of the pie.
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this will affect people who have newspaper content, whatever it might be in the idea if your google or facebook you'll have to start licensing the content more effectively than you have in the past. it's not going to redress the balance completely. media companies will face a mental battle that it is a distinctive move to level the playing field from the e.u. stuart: does it change the basic model of a facebook or google? >> i don't think it goes that far. it makes them have to do some fairly fiddly technical things to make sure they are paying their fair share for content they are receiving. it might mean on google news that they may no longer be able to produce snippets of articles. they might deal to produce blanks. they do produce a snippet will have to pay for them. it is marginal, but what it is
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is really another indication that big tech is not too big to regulate. last year we had the base protection regulation where they could charge 4% of the company's revenue if they breach data protection laws. now we have this on copyright and it is a slow drumbeat of regulation that is getting louder. stuart: the stocks are down by the way. i want to talk to you about lyft. you can buy stock in lyft if that's what you want this friday. you say it could kick off one of the greatest years in tech history. that is quite a statement. go for it. >> i think that's what we might be seeing here. people have these companies say private too long. there's an amazing start to the year and now we need is one of these big tech ipos starting
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this week perhaps send them there so many others. literally hundreds of billions of dollars of public market cap when you take into account list, dangerous, and the list goes on. markets are looking in the haven't been overpriced. one will go well and the public market could the rest will follow. it could be a bumper year for technology this year. >> we like a little excitement. always a pleasure. turn our attention now and take a look at what happened in the elon musk corner of the world. proceedings for the contempt case must begin a week from tomorrow. must have an agreement with the sec that he wouldn't treat about tesla fails without preapproval. the sec wants them to pay. most say that this is just a power grab.
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tesla's stock right there at 270. more news from billing. one of their grounded max just have to make an emergency landing in orlando florida. 10 minutes into the flight. no passengers on board by the way. the pilots unharmed. as a told you earlier, elaine chao, transportation secretary will audit the max 737 certification process. here's a story for you. one of wikipedia's editors was allegedly paid off to protect their pages on the site and delete any harmful information. we will tell you who paid. president trump in michigan tomorrow holding a campaign rally in grand rapids. part of a bigger plan tube ulster popularity in the midwest where he won big and 26 team. the chair of the ohio gop joins us. we are waiting for a tape from
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the president with the wife of venezuela's opposition leader the wife. you'll get it right here. stay with us, please. ♪ our grandparents checked their smartphones 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.
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>> when the market sells off and sign off right now we try to come up with a reason why the selloff. what we've come up with a sharply lower interest rate, which may be a signal of a slowing world economy. what is the yield on the ten-year treasury now? >> it was almost to .35. right now -- >> lowest since december 2017. worth noting 15 month low. stuart: may i point out the silver lining in this. the ten-year treasury comes down with mortgage rates come down. closer to 4%. that's entirely possible. it would be nice. if you can get a shot in the arm, good for everybody. back after this.
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stuart: on your screen, senate democrats have held a meeting they will come up with a special committee on climate change. i am not sure what the specific or puzzles are at this time having rejected the greenidge yesterday. when we get some detail to you. special committee climate change from the democrats. i want to get to what is an extraordinary story from wikipedia. one of their editors was supposedly paid off by media and tech companies to protect their pages and delete any harmful information. who is paying?
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>> ask esn facebook, all of theirs have paid this guy who was actually an editor at wikipedia. this is not a big deal. he disclosed the money he was being paid. they say he went up the food chain and said these are the changes. it's total scrubbing and making these places that better then perhaps they should or just telling part of the story. msnbc he made look more centrist. describe the word progressive. there was a lot of cleaning up on the president of nbc and brian williams when he was caught lying about the 2003 iraq war situation. it is pr, which were used with standard. we just don't expect it from wikipedia and the fact the public did not know wikipedia could he manipulated.
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>> island deal with this real fast. president trump goes to michigan tomorrow. part of a bigger plan to bolster popularity in the midwest. he won there in 2016. jean timken with us, chair of the ohio gop. the president's disapproval rating in ohio has gone up to 50%. what is your plan to take the stay and keep it? >> we are going to keep the state and the president will war ran reelection. we kept our congressional delegation. all heil love the president. we had a very successful record-breaking fundraiser for the rnc and the tram campaign. we are ready. stuart: how come the disapproval rating has gone up to 50%? >> i'm not sure where you're getting this numbers.
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i still see numbers for the president is doing well in ohio in large part because of his policy of creating jobs, lowering regulations. the business economy is booming in ohio. stuart: it will save them and you believe? >> i do. one of the biggest things i hear from big and small businesses if they can't find enough people to work in one of the issues as workforce development that are new governors working on. what percentage did he win ohio by m-16? >> a pie 1%. stuart: that was a very big win and it's quite a surprise. do you think of it in a percent when in 2020? >> it's very likely. i'm sorry i've got a break and i do apologize. i've just got tape from the white house. >> thank you very much. it's a great honor to have the first lady of venezuela.
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she's been through a tremendous -- it's been through a lot. she's been through what people don't want to have to go through and should never have to go through. her husband is a tremendous man who's working so hard and it's very dangerous. we know exactly what's going on. our vice president was there and got to know your husband very well. we'll have a terrific conversation we are to have been a lot of progress being made with all the problems. a tremendous amount of progress has been made. [speaking in spanish] [speaking in spanish]
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>> venezuela was a country with tremendous potential and is still a country with tremendous potential, but people are starving. they are being killed. they are being beat him. what is going on there is unfathomable to everyone that sees another one that gets reports. we are getting reports that a horrible. the potential of venezuela if done properly and with democracy would be incredible. one of the richest companies, certainly one of the truly rich countries of the world and now it's one of the poorest. if you look at what has happened despite oil. the oil is not coming out. everything is broken.
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they have no water. they have no electric. the lights are out. i understand today they had a big whack out so we are very much in contact with your husband in with everybody else and a lot of things are happening. many things are happening. please. [speaking in spanish] [speaking in spanish]
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>> suggesting concluding, i want to say again to have you and your friends and representatives with us has been incredible. i know that you've also suffered tremendously and i would like you maybe to say a few words. first lady i would love to have you say a few words to the media. [speaking in spanish] stuart: forgiveness, ladies and gentlemen, but the translation from english to spanish will take a little bit of time simply to jump right in here. the president just said something of real importance. he said many things are happening in venezuela. without this program, john bolton national security adviser who has hinted this stuff is going on in venezuela to get rid of maduro. inside of venezuela itself. my interpretation is the president just confirm that. i think that's important because we are not just getting by letting things happen.
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i think we're moving and shaking within venezuela and i believe that's what the president said. barry loudermmilk is with us listening to everything said here. congressman, i think this is important for the very fact that we've got the first lady of venezuela out of there and in our white house. i think that's a big deal. >> it is. it says a lot we are with the people of venezuela. venezuela is proof that socialism does not work. because of its failure usually leads to dictatorship. when someone says things are failing just bring out the power not take care of it and when that fails the country falls apart. you saw it happen in the soviet union, north korea, venezuela. the biggest issue we have right now is the russians are stepping in and becomes a national security issue for the united states having someone on the south american continent is truly an adversary to the united
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states. stuart: what you think nicholas madura was thinking right now? he's watching the same charade he sees the wife of his dire opponent juan guaido sitting and chatting with the president of the united states in the white house and we are calling her the first lady of venezuela. the president is talking about stuff going on inside venezuela. >> you would think a reasonable thinker would be scared to death is the last thing you want is the full power and might of the united its government coming down on you. even just having us doing what we're doing already ought to be concerning to him. when you get in the minds of the dictator, a lot of times they don't think logically. they are enticed by their power and ability to control the people. that's why he's invited the russians to come in to maybe give him a counter -- counterbalance. stuart: do you approve of our policy which we are not intervening militarily. we are starving him for
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diplomatic recognition. we are taking our time about this. the man is not gone yet. is that a policy you approve of? >> the direction we're taking is to not our military into this operation. requires for us to have a national security threat against the united dates of america which we see happening on our southern border right now but we haven't established that. what the russians moving in the have to carefully consider using military action. we can resolve anything diplomatically, that's the way to go. we've shown we are with the venezuelan people to provide humanitarian assistance in that area but it has been thwarted by the regime. stuart: thank you for jumping in at short notice. we really do appreciate it. >> we've been listening in a little bit to what the first lady of venezuela talking about conditions there, which is the
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president said are horrible. she's talking about children dying. she is talking about lack of water, lack of electricity and also saying it's an honor to be there. stuart: powerful stuff. >> another headline from reuters that the president saying russia must get out of venezuela. some strong words as we know a couple russian planes showed up in caracas this past weekend with russian troops and russian advisers. vice president has called the real provocation. stuart: quickly to the big word. there is a connection here between what the president is saying about venezuela and what's happening on wall street. we have to tell you it is a sharp selloff in progress on wall street. we've got the dow industrials down 227-point and that is pretty much across the board. downside move for technology. i believe all 11 different set or so the s&p, they divide the
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whole thing up in the sack was, all 11 are down at this point where 220 points. we have to take a break. is that correct? no it's not. >> we can talk about the tenure. >> the president will take questions on health care could we want. though getting a spanish translation from english. should we listen to that briefly? >> we are going to be able to get to go forward. [speaking in spanish] stuart: we have to come out for
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a moment here because we don't have an immediate translation from the spanish. momentarily, president trump will be answering a question about health care. you may remember in the program today, we quoted the president is saying he's going to make the gop the party of health care going towards 2020 election. so we are waiting for the comment that is going to come from the president on that issue. i don't know what is going to say. >> fruit even firmer and proprietary research we did around midterms, the number one issue for voters to matter what their party was health care. that actually was more important to the voters we reached out to more than taxes. stuart: the presidents just answering the question are listening, please. >> u.s. at home that week. at 2:00 a.m. the political forces in terror raid in our house.
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there were like 50 people around they finally did and they destroyed our house, our child's room, everything. it was a nightmare. after that, we didn't know anything about him for six days. they've been trying to delay the process. the electricity is networking. [inaudible] so this is a personal attack to his team because they work so as a family we're afraid for
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his life. we don't have any communication. we have 7-year-old kid and don't know anything. i explained we can't go back. i want to ask yourself, we're fighting. we can't do it -- >> they took him and he is in prison now? >> yeah. >> do we know where he is? >> we know the place but haven't spoken to him or seen him. >> no communication at all. >> no communication at all. >> okay. >> we are with venezuela. we are with your husband and with the people that he represents which is a big, big majority of the country. what is happening there should not happen and be allowed to happen anywhere. so we're with you 100%. okay. please give my regards. it will all work out. it will all work out. it always does. we'll bet it to work out. -- get it to work out. thank you very much. it will be fine.
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steve? >> reporter: mr. president, what complications does russian involvement impose? >> russia needs to get out. reporter: [inaudible]. >> say it. >> [inaudible]. >> they have a lot of pressure right now. they have no oil. they have no nothing. they have plenty of pressure right now. we'll see. they have no electricity. and other than military you can't get anymore pressure than they have. unfortunately a lot of people are starving. they don't take the aid. maduro won't take aid. we have sent hundreds of millions of dollars worth of aid to the border. he won't take the aid. he would rather have his people starve than take the aid. i don't think that is good even from a political standpoint. even from a dictator standpoint i don't think that is good. a lot of pressure on them right now.
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[reporters shouting questions] >> we'll see, we'll see. all options are open, so you understand, all options are open. go ahead. all options are open, yes. reporter: [inaudible]. >> i'm not going to tell them anything. they will make their own decision. reporter: mr. president, you just said russia needs to get out. have you in any way communicated that to mr. bolton or through your representative at the united nations? >> they know. they know very well. they know very well. go ahead, next question. reporter: -- your views on health care, do you think -- >> look, we're not talking about health care right now but i will. the republican party is the, and you will see this very soon, because obamacare is a disaster. it is too expensive by far. people can't afford it. and the deductible is horrible. so the premiums cost too

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