Transcripts For FBC Varney Company 20170323

Obamacare vote. Here is my opinion, my opinion. Stocks up if its a yes vote, stocks down if its a no. The state of play on london terror. Prime minister theresa may says the attacker had been british born. He had been investigated for ties on islamic extremist rism. One man brought chaos. And trump tower surveillance, yes it happened says the chair of the committee. Wrap it up. You have a Live Action News day. Follow it with us. Varney company is about to begin. Lets be clear here. Actually we can be clear, its a fluid situation. Last night, we thought the rblts were close to a deal on obamacare. This morning, it is not quite so clear. The deal, in fact, is in limbo. It is possible that there will be no vote at all. This is a bit like a horse race, no clue as to how it turns out. Watch it with us, politics and money, thats what we do. Joining us now is Marsha Blackburn, republican from tennessee. Marsha, can you give me a vote count as of right now . Stuart, i would be afraid to give you a vote count. I will say i think were a few votes short when it comes to passage of the bill, but i have to tell you, the white house and the leadership, the whip have worked with many of us. I have language on the halting the Medicaid Expansion, that has been included in the managers amendment. Thats a good positive step for conservatives and weve got to get this over to the senate and see what happens there. Stuart but, are you laying on the pressure to your fellow republicans, and saying, look, whats at stakes here is a potential failure of President Trumps first foray into the legislative arena. The failure of the Republican Party to come together, the potential triumph of the democrats if they get this to no vote. I take it youre making it clear to your fellow republicans . I think we all are aware of the consequences if were not able to agree and get something across the finish line. Thats why were still working this morning, trying to find agreement on addressing the mandate of essential benefits, looking at again, and working with secretary price on what he can do through the rules, and through the administrative processes and then teeing up continued work on what we call phase three, the legislative side. We did Association Health plans yesterday. We did the Small Business protection act. And next week, we have a hearing on my bill, hr 314 which is across state line insurance purchase. Stuart i just want to bring you uptodate on what we perceive a slight change, a slight shift here. Ill start with congressman mark meadows, he leads the Freedom Caucus. He did not hide his objections to the replacement plan. Here is what he said at 1 00 yesterday afternoon. Roll tape. They dont have the votes to pass this tomorrow, we believe that they need to start over and do a bill. We believe that we need to postpone the vote and get it right. Stuart you heard it very clearly there. No sign that hes going to vote yes whatsoever, however, here he is six hours later after meeting with President Trump. Roll that tape. Obviously were encouraged tonight, is based on the real willingness of not only the white house, but our leadership to make this bill better. Stuart marsha, he think you heard that. I think there was a clear shift and i should point out that we believe that the Freedom Caucus meets again with President Trump mid morning today. Do you see do you see Movement Towards a yes vote on the part of some conservatives . Yes, this is all the work thats continuing to take place as we look for ways to move this bill in a more patient centered friendly manner and, yes, there are meetings that took place through the night, there are meetings taking place this morning, and the additions that are going into the managers amendment that work is ongoing. And stuart, Everyone Wants us to have a win on this issue, they want the president , who has been incredibly engaged in this process, as has the vicepresident , to have a win. The point is, it needs to be a win for the American People. So, thats the goal. Stuart are you in the yes column . Youre a firm yes voter . I am continuing to work toward getting to a yes, as is everyone else. Lets make this bill the best for the American People. Stuart im not quite sure how to read that, marsha, forgive me for pressing. Are you in the yes column . I am moving into the yes column and working with my colleagues to get them to a yes column in a conservative, patientcentered way and stuart, thats exactly where we need to be. This has to be a win for the American People, we want the administration to have a win, we want republicans to do our part, here in the house, to get obamacare off the books. Stuart okay. And to end this. Stuart marsha, forgive me for calling you by your first name, youve been a frequent guest. I love it by calling me by my first name. Stuart and calling you congressman. Its not gender specific. Stuart Marsha Blackburn, congressman. Now, look at this, this is dow futures, im not suggesting that the market is responding to what Marsha Blackburn said a couple of minutes ago. We were down 10 and now were down 28 points pointing that way for the opening bell. Again, im going to express the opinion, if a no vote takes place and its a no vote, i think the market goes down first thing tomorrow morning. Well discuss in a moment. How about the Health Insurers . Premarket, they are, as you can see, doing absolutely nothing. Move on. Now, i want to discuss my opinion here. Liz yes. Stuart ashley. Ashley yes. Im saying if the market if theres a no vote today. Ashley right. Stuart that market takes a big hit tomorrow morning. Ashley absolutely. Stuart several hundred points, anybody in doubt . Undoubtedly. Liz can i just the Sticking Point about the package of benefits, thats what theyre fighting over. If that stays, this is what the house Freedom Caucus is fighting about, theyre saying it raises the cost when you have Pediatric Services and Maternity Services in the cookie cutter plan and you cant do that with reconciliation with 51 votes. If you go to 60 votes on that, the democrats wipe it out. Stuart i want everybody up to speed. All House Republicans are meeting at this hour meeting on capitol hill. Got that. Around 10 00 this morning, mid morning, eastern time, the Freedom Caucus is due to go to the white house and how many members thereof, theyre going to the white house and negotiating with President Trump. We had a cancellation on our program, jody, a member of the Freedom Caucus, she has cancel canceled, probably to be in that meeting. Thats the background, endless meeting, sausage making going on throughout the program today. Well keep you up to speed. Next big story of the day, earlier this morning, britains Prime Minister theresa may addressed the issue of the london terror attack. Ashley, we know about the deaths and arrests. Ashley we do. What do we know about the suspect . I thought the Prime Minister today gave a lot more information today than is normally forth coming in a situation like this, but she did say without naming the individual. He was britishborn. He had been investigated by mi5 the domestic Counter Intelligence unit in the u. K. Nor possible links to extremism. Violent extremism. He was considered a peripheral figure. We do find out that some 2000 individuals, stu, in the United Kingdom are considered dangerous and a threat for the public. For policing and authority, how can you cover these . This individual was considered a peripheral figure and some eight people arrested and four in the british midland town and rented the car, also in the midlands. Theyre getting a picture and the point is, is there such a thing as a lone wolf attacker . He had to have friends. What gets me if youve got 2000 people on the watch list, extremely dangerous. 20 people to surveil one person, 24 7. You dont have the manpower, youre overwhelmed. Thats why this particular individual was not covered. You need extreme vetting of this ideology. More coming up, i promise you there. The futures up 18, 19 points, check this out, please. A threeyearold girl from atlanta, georgia, shes in rome, she gets to meet the pope. Watch this, watch this, watch this . [laughter] c1 she grabs hthis mighter whats that . It its more trouble for youtube, three more Companies Pulling ads from the site. They do not want their products link today what they call offensive content. All hear what alpha pets eric schmidt is saying about this. And youre going to find less time watching commercials next season. Of course, were all over that, arent we, ash. Ashley we are indeed. 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As of right now, the House Republicans debating whether it actually has the authority to vote on the Health Care Bill today. Theyre trying to make some changes to it at the same time. We told you well be bringing you the sausage making. This is it, its ugly, its politics, its purely procedural. Lets be clear about that. Take a look at sears. Yes, we put this company on death watch. Retail ice age indeed. A huge drop yesterday, down another 1 , these premarket as of today. Still at 7 per share. Several of the biggest advertisers have stopped spending on youtube over concerns that their ads would run alongside offensive videos. Eric schmidt, the executive chair of alphabet was on with maria. Roll tape. Important, what we do, we match ads and the content, because we source from everywhere, every once in a while somebody gets underneath the algorithm and puts in something that doesnt match. Weve had to tighten our policy and increase our manual review time so i think well be okay. Stuart eric schmidt says theyve got to do something about it. I dont think that it hurts the stock or affects the stock in any way, shape or form, does it . I dont think so. Theyre going to figure out this is a major part of googles business and major advertisers, at t and johnson johnson, think about the demographics of what theyre delivering on youtube. About 81 of all Internet Users use youtube. Clearly the marketplace is vast and google is going to have to figure out a smarter way to deliver the ads. Stuart do you think they will . Yeah, they have to. I mean, you know, if they dont and they lose the advertisers theyre going to be in big trouble. Stuart would you buy google . I keep going it google, would you buy alphabet stock around 8350 850 a share, straightup since the election. Its always google to me, ill tell you why, the reason, they are the dominator, heavy cacheflow company and leaders in the tech sector, with the market so high and pricey, you want to buy the leaders like google, apple, facebook, all of those we own. Stuart a lot of people have done just that. Scott martin, well bring you back when the market opens. How about this . Low ratings for the nfl. Theyre trying to do something about it. Details, ash. Ashley theyre trying to speed up the games. Stuart really. Ashley what are they looking at. Part of the plan is to change the structure of the commercial breaks, include a play clock that goes into effect after an extra point. The action has to get going again within a certain time not this lolly gagging about. And also, a play clock after a touchdown, having a standardized time for halftimes, apparently there is no standard time they wander back out at a convenient time for them, i presume. Theyre cutting down the number of commercials because you come back from a commercial break, watch a kickoff and guess what, another commercial break and even nfl commissioner Roger Goodell says, i hate that, too. The problem being, who pays a lot of money to advertise on the nfl. They dont want to cut off their nose to spite their face. Its difficult because alot of money comes through commercials. Stuart thank you, ash. Glad we got that in, sports fans. On capitol hill, the house g. O. P. Has canceled its meeting for this hour. Okay . Because they are no changes to the bill. They were supposed to discuss changes and there are going to be no changes. Take this or leave it, so the meeting has been canceled. I believe that the Freedom Caucus is going to capitol hill, more negotiating and rm a arm twisting. Let me be clear here, were waiting on a guest, well be back in a moment. All right. Look at this. Ford Motor Company says its looking forward and its staying its going to make less money, less profit than it thought in the First Quarter of the year. The stock is down 2 1 2 with that projection. Lets gets to the Obamacare Vote in the house. Lets bring in senator mike lee, republican, from utah. Senator, welcome to the program, sir, its very good to see you again. Thank you. May i express an opinion . And ill just throw it at you. I would rather have this deal in the house today say yes, than no deal at all. I know you disagree with me. Make your case, sir. I respectfully, but very strongly disagree with you. What we need is a bill that repeals all of obamacare, and brings about cost controls, so that we bring down the cost of health care, which is spiked sharply in the last seven years since obamacare enacted. This bill doesnt do that, we need something that does that. This bill can be changed and reformed and necessary adjustments to the marketplace. Weve got to make sure we get this right. Seven years ago today obamacare passed. Republicans have been campaigning against it ever since then. Weve got to make sure they follow through with this punch and get it right. Stuart doesnt this bill get rid of mandates, gets rid of taxes, and change obamacare taxes, that is and changes the funding of medicaid, the structure of funding in medicaid . That goes quite a long way to getting rid of some of the worst parts of obamacare. Couldnt you take the 80 and let the other 20 that you dont get, let it go by in the name of giving the president a success, keeping the Republican Party united an and keeping the president s legislative schedule on track . First of all, it doesnt get rid of altman dates and thats probably the number one problem with it, the insurance regulation in obamacare, or markedly responsible for the spike in Health Care Costs that weve seen over the last seven years. This adjusts some of those, but it leaves a whole lot of them, most of them, some would say fully intact and what that means is that in the end, this isnt going to bring down the cost of health care. And it does try to get rid of the taxes, but it doesnt get rid of them immediately and some of them, it postpones for a long time. So, this is one of the reasons why, i think weve got to get this right. Weve got one big shot at this and momentum to do it and no reason we have to decide its this bill or nothing. Those who are presenting that are presenting a false choice. Stuart couldnt you say the mandate youve got to cover this, that, couldnt that be adjusted in phase two . Essentially its a rule that doesnt require legislation, its a rule, hhs could do that later, couldnt they . A great question. Im glad you brought that up hhs, department of health and Human Services has some power to adjust some of the way the insurance regulatory provisions of obamacare are implemented. A couple of problems, it takes time to do that, and number two, those regulations could be changed down the road when theres a different president running the administration, perhaps eight years down the road or Something Like that. Number three, theres no reason why we cant do that right now. Theres no reason why we cant enhance the ability of hhs to bring about those regulatory changes in the bill. So, when people talk about bucket one, bucket two, with the regulations, bucket three with allowing people to buy and sell insurance across state line. Why not putall three buckets in one bill. Stuart hard break coming up at me. Senator, we appreciate at you being with us. The market opens, and it will be down slightly lower, 18, 20 points. Well be right back. Yes . Please repeat the objective. Thrivent mutual funds. Managed by humans, not robots. Before investing, carefully read and consider fund objectives, risks, charges and expenses in the prospectus at thriventfunds. Com. What we do every night is like something out of a strange dream except that the next morning it all makes sense. To power global ecommerce Fedex Networks are massive farreaching and, yes a little magical. Its 9 30. Were off and we are running. Trading has begun and were on the down side, not by much. This is very much a wait and see market as of today. Wait and see what happens with that house vote on obamacare replacement and repeal. The whole days trading is all about health care. So, as of right now, with 20 seconds into the trading session, were going to bring you some of the health care stocks. Look at Health Insurers to start with and i bring you this news. Rules committee chair, Pete Sessions of texas, he just said, we did not have all the pieces of the puzzle together on the Health Care Bill. He says information is necessary for us to make an informed decision. The horse trading continues. That sounds to me like a negative for this for the yes voters on the obamacare deal. Look at hospital stocks not much changed, dont expect much change there. How about the drug makers, pretty much the same story, anl a totally mixed bag until we get firm news on the house vote. Even if we do or do not have a house vote. Its a complicated day, but look who is here to help, ashley webster, liz macdonald, mike murphy and my first question, what happens to the market tomorrow morning if theres a no vote. A big selloff on the markets. Theres a lot of reasons for it. Its not just this one vote, its the implications for what it could mean for other parts of the administration. Its not what the market is looking for, i hope it doesnt happen. Ashley tuesday we dropped 1 on the dow with the fear it happened. If it happens, it brings into play the entire Trump Administration policy agenda and the ability to get it through congress. Liz ill take the other side, i think unity. We saw brexit, we saw the trump victory, i think that people come in and buy on the dip. Stuart buy on the dip, but there will be a dip. Liz yes, i think there will be. Stuart scott martin, if theres a no vote on the reform deal, what happens to the market it drops, but im on team emack. I think the market is getting ahead of itself with respect to talking now, tax reform doesnt go through, the Regulatory Reform doesnt go through if we dont get health care, today and tomorrow. That seems kind of crazy. Mike is right, theres a crisis of confidence going on in d. C. And trump is getting a hard lesson with working with congress and trying to be the deal maker and trying to appease a lot of the house voters now. Stuart it could be exactly 24 hours from now, the market, this could be the market opens down and scott martin and Elizabeth Mcdonald will be buying like you could say that. And a buyer for sure. Liz you can say the word banshee, its fine, dont worry about it, youre allowed, dont worry, who cares. [laughter] out of my depth on this one. How about sears . Huge drop last session. The stock this morning has rebounded to the 8 per share level. Scott martin, are we going to see sears go out of business . We did put them on death watch. Theyre on death watch. Theyre barely walking at this point, stuart. Its a matter of time. I have got to feel bad for the retailers trying to hang on and see what they can clamp onto as they slowly fade away. Amazon is killing them. Thats the stock to own. We have for a long time. Retail and technology, amazon is the one to go with not sears and other ones like kohls and macys. Stuart when i came to america, sears was everywhere and used it all the time. I think that sears was going undereven before you saw amazon taking market share from the retailers. Theres been mismanagement there and didnt keep up with the times, i think this is the longest running saga in retail and i think we all know how it ends. Stuart got it. The dow industrials down 26 points after four minutes worth of business. Earlier this year, starbucks said it would hire refugees. Now it says it will hire veterans. Is this damage control . Absolutely. The initial proclamation was in response to the travel ban that mr. Trump put in place and has since abouten challenged. Got a massive pushback on that, saying, okay, so you want to hire refugees . What about americans who desperately want work, homeless people, military veterans, they could use the work. Now were seeing starbucks, saying, yeah, okay, good idea. Stuart starbucks is a politicized company, seems to me. Its politicized and shouldnt be, because a company this size thats held by so many different people, by republicans, by democrats, the former ceo, i believe, shouldnt taking such a hard stance on the left or the right for that matter, should be more in the middle. Stuart i agree, when you want to have a conversation about race when youre lined up for coffee. Liz its a reason to go to mcdonalds and get your coffee. Stuart in your company . [laughter] thats the irish wing. Stuart and were down 28 points. Everybody is going to be watching for any kind of statement about the vote count for the obamacare deal later on today. Thats what will move this market. Ford Motor Company is moving. Its going to make it says it will make less money in the First Quarter than it previously thought and the stock is now down 1 is . 11 a share. Conagra, sales down, they make chef boyardee pasta and a whole bunch of more up. Theyre at 40 per share on conagra. Nike down big yesterday after reporting weaker sales, a modest bounceback today. Up back nearly 2 , 5, 6 yesterday. Look at big Name Technology stocks, you can never get enough of these things, all of them on the down side today. So, if weve got a little bit of a dip in the amazon, apple, facebook, alphabet, netflix marketplace . Mike murphy, which of them would you buy . All of them. Now, look, lets go back, in recent history, netflix pulled down to 86 and its almost doubled from there. Applebee low apple spies below 100. And this isnt the send, apple, facebook, netflix, these are the wave of the future. Thats where youre getting growth and theyre rell telephone relatively expensive. If you get a dip. Stuart even though theyve had a phenomenal run already . If youre looking for growth, thats where you want to look. Stuart scott martin, will you come in on that, too. Im saying the companies on the screen right now had a fantastic run, gone straight up for years. Do you think theyve got more room to go up some more . I do, stuart. Mike is making some good points. I think, one thing thats interesting, when you look at facebook and google and apple, you know, guys, theyre kind of cheap of the everybody talks how expensive the market is and why not to buy stocks because its at 21,000 or 20,500 today, but the reality is, some of these tech stocks that were talking about here are pretty cheap versus their peers and historical averages. For me thats where you want it place new money. Stuart scott, by the way, the dow just turned positive, very suddenly, i suspect that someone, somewhere made a comment about the Health Care Vote today that was positive and bingo, we were down 30 and now were up 10. Next case. And this may be an argument in favor of netflix. Millennials watch an average of six episodes per binge sitting. And three quarters of us all, millennials and everybody else, binge watchers these days. Thats an argument for netflix. Liz it is and its an argument for amazon. What are they doing . Nearly 100 of them are multitasking. Theyre shopping online, browsing the web, theyre texting, reading emails, so, you know, theyre binge watching. I would say its also an argument for chiropractors if youre sitting there for five hours. Stuart why do you say that . I dont know. Stuart, if i could add, a positive for youtube. Thats owned by google, youtube is a great growth area and also facebook, people are going on facebook, spending time looking there. The way people consume content has changed and its not going back to the old way. Stuart the way you look at a screen is totally different than what youre looking at and coming from, its totally different, but were glad youre still watching cable tv. 1,000 wrong, 17,000 at t workers in california and nevada are on strike. Whats the strike about . Theyre really mad, they havent had a contract for years. And you, at t, the jobs to mexico and philippines, those are middle class jobs that we like. At t says were a Union Friendly company, more fulltime Union Workers than any other countries. And Union Workers aresaying, why should we install land lines and phone lines when you tell us to the about ut in internet and tv stuff. Stuart the stock is down 11 cents, got it. Pepsi is killing 12packs and twoliter bottles in philadelphia, because of the soda tax now imposed on the city. And the cold, dead hand of government, do you want to step in . Pepsi had a great run and continued to move higher. Be careful, pepsi is not moving higher because of soda, but because of healthy snacks, back to the growth theme, thats where youll find growth. Liz and pepsi is saying that this tax cost pepsi jobs at their Distribution Centers and hundreds of jobs were lost. Ashley and thats unintended consequence of doing things like this. Were going to protect peoples health, the government knows better. What happens, people end up losing their jobs. Stuart it doesnt work when you try to manipulate what people eat and drink, it does not work. I dont think it does. Were out of time at least for the opening part of the market open. Scott martin and mike murphy, thank you, gentlemen, we appreciate you being with us. Check that big board, another reversal, two minutes ago we were up 10 and now we are down 11. Next case, elon musks spacex now working with nasa to find a place to land a rocket on mars, of all places. Thats what theyre talking about. And gridlock over the obamacare replacement bill, will it put President Trumps tax cut this year in jeopardy . Were on it in a moment. This bad boy is a mobile trading desk so that i can take my Trading Platform wherever i go. You know that thinkorswim seamlessly syncs across all your devices, right . Oh, so my custom studies will go with me . Anywhere you want to go the markets hot sync your platform on any device with thinkorswim. Only at Td Ameritrade you know win control . Be this guy. Check it out selfappendectomy oh, thats really attached. Thats why i rent from national. Where i get the control to choose any car in the aisle i want, not some car they choose for me. Which makes me one smooth operator. Ah still a little tender. vo go national. Go like a pro. Ladies and gentlemen, we have a stock market that hangs on every word spoke been the Obamacare Vote, that may take place today. Any insinuation its a yes vote, the market goes up. Insinuation that its no, thats the state of play. Another look at snap. A couple of buy recommendations and that stock is up over 10 in the last couple of days, bounced back up to 22. Spacex and nasa teaming up, looking for landing ground on mars. Why should i care . Because the president wants nor deep space explore ration and elon musk says well launch somebody to mars. Stuart somebody . A person. Stuart to mars . Yes. Hes taking landing colonies to get there. Stuart how long does it take to get there . 40 years. The yes is why and do they come back. Stuart that would be my question. Lets get to obamacare and replacement vote. And the senator is a member of the finance committee. Always good to see you, sir. Nice to see you. Stuart can i posit this . If there is a no vote on the bill in the house today or no vote at all if its just defeated, does that mean that tax cuts, tax reform, and youre on the Senate Finance committee, is that all slowed down and pushed back . No, i mean, i think that whatever happens today, and i believe its going to pass in the house and that were going to be dealing with it here in the senate next week, tax reform is very much on the agenda, stuart. We all realize to get the economy growing at a faster rate, wages up, better paying jobs in our economy weve got to reform our outdated tax code and make us competitive in the marketplace. Tax reform moves and its a question of when because of health care, timing is such that it will follow after that, but we will use another legislative vehicle later this year after we deal with health care and on the floor of the senate, the Supreme Court nominee, which will come up the week right before easter. Stuart now, you said just a moment ago that you think that the house bill today will pass, there will be a yes vote. Why do you say that . Because at the moment we understand that the vote is six, seven, maybe eight votes short of the number it needs to pass . I think theyll pull it together. I have a high level of confidence in the leadership in the house and i think the president is very engaged, which makes a huge difference. These big votes, when you have a white house that is actively pursuing trying to get members on board, it does, in the end, help bring people together. So, its not going to be easy, i know that, and i think theyre trying to work with members and address their concerns and their issues, but thats part of legislating. This is a complicated issue and any bill of this consequence where youre trying to get to 218 or in this case, 216 votes in the house to pass is no easy feat. But they are working aggressively at it and i think by the end of the day when it comes time to vote if they put this bill on the floor, it will pass. Stuart i just, i just cant see this being defeated. I mean, from it would be a huge defeat for President Trump. It will be a huge defeat for the Republican Party. I think it would derail the legislative process Going Forward and i think it would be a disaster. I cant imagine republicans not uniting in some way, shape or form passing this thing. I think you pointed this out earlier, stuart, its important in legislating, youre not going to get 100 of what you want. Everybody comes here with different viewpoints and ideas and different parts of the country. At the end of the day you have to get the majority in the house and Senate Something signable by the president. If you can get 80 of the way there and get most of what you want in there, thats a pretty good day in terms of legislating. I think our members are going to have to realize were not going to get to perfect, but perfect shouldnt be the enemy of the good. We should get this process moving forward, other steps will follow, actions that can be taken by hhs secretary tom price, as well as other legislation that could follow on later in the year, so its piece by piece, step by step, well get there. Stuart you said the senate could take this up next week. Could you give me a realistic time frame through the senate, through the house, to the president , back to committee and sientd . A couple months, a few weeks, what are we talking here . It depends how it comes out of the house and when it comes to Senate Things that we have to do to make it comply with our rules. There are certain things we cant do in the senate that they can do in the house, the way the process here is set up. So the leaders goal has been to take a house bill, put it on the floor of the senate next week, pass it out and send it to the president and i think thats still the goal, but i think we have to look at this realistically, know we want to get this right. The senate would have an ability to have their voice heard, and offers amendments and build on what the house is done and hopefully make it a better product and product that can be signed by the president. To your point and your question directly, im not sure exactly at this point, but i know were ing to movvery quickly, expeditiously, we legal i think we realize this is the thing that we have to get done. Stuart i dont think you moved the market, but that was the goal, stuart, you know that. Stuart im sure it was not. A pleasure. Thank you. Stuart Dow Jones Industrials going no way, wait and see on the vote, whats the outcome. Were down 9 points, 8 points. Split one third up on the dow, twothirds down. New reports that north korea could be behind a 81 million cyber theft from a Federal Reserve account. More varney after this. Approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by Unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement insurance plans, they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. Youve learned that taking informed steps along the way really makes a difference later. Thats what it means to go long™. 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Its the Parent Company of Tommy Hilfiger and calvin klein. Theyve made a lot of money and the stock is up nearly 8 at 98 a share. North korean hackers could be linked to that multimillion dollar cyber theft, targeting bangladeshs central bank. Whats going on. Ashley could be linked. They got away with 81 million and something that was so simply done. Basically they used a global payment messaging system to persuade the bank to send four separate payments to four accounts in the philippines. Done in a matter of seconds. How did that for a theft . Now, who did this . There are theories out there that north korea was behind it. There are no charges. They believe that chinese middlemen could be the ones responsible. The only reason were getting a north korean connection is the code used by the thieves was similar to the code used in the sony hack. Stuart okay. Ashley so theres like, oh, maybe north korea is behind it, but others, investigators say we dont believe its north korea. Either way, whoever did this just like that made 81 million. Stuart i wonder who made up that money to the bangladeshies . Did the Federal Reserve because its in their account because its in their account and make it up to them. Ashley insurance maybe. Stuart could have been. Should have been. And a study finds a majority of people die in debt. On average people die with, look at that 62,000 worth of debt at the point of death. So, here is my question, emack. Does the debt die with the person . Connel connell . Depending on the state you live in. The estate would cover the death. If you live in Community Property state, your wife may be hit with it. The estate would have to cover the debt. Stuart thats legit. If theres debt left, family members dont get hit. Depending where you left. Stuart if you did die with your debt, youd run up your debt before death. Assuming you knew. Buy that rolls royce. Liz its behavioral. Look at what Senior Citizens are doing, 50,000 of this is mortgage debt. Theyre saying were going to live well in a nice house and have the debt canceled after. Ashley i guess. Stuart weve got this one. This is a historic day. The repeal of obamacare could be on the cards. Its being debated right now on capitol hill. Im going to editorialize. Im going to tell you exactly where i stand on this. Top of the next hour, two minutes away. At angies list,e there are certain things you can count on, like a tired dog is a good dog. [ dog barking, crashing ] so when you need a dog walker or a handyman, we can help you find the right person for the job. Discover all the ways we can help at angies list. When this guy got a flat tire in the middle of the night, so he got home safe. Yeah, my dad says our insurance doesnt have that. What . you can leave worry behind when liberty stands with you™. Liberty mutual insurance. Stuart on this historic day i want to be very clear where i stand on the Obamacare Vote. I spoke only for myself. I would rather have this deal than no deal. I want to see a yes vote. Heres why. A no would be a terrible start for President Trump. A no would be a disaster for the Republican Party. You cant pass your first piece of legislation when you run both the house and senate . A no would be a triumph for democrats. And they are the party which got us into the obamacare mess in the first place. But most importantly, a no would hold up the rest of the president s growth agenda. What happens to tax cuts, deregulation and infrastructure if we have to spend months on obamacare. You cant grow the economy if the growth agenda goes off the rails. The ryan plan gets rid of mandates and obamacare taxes and rearranges the funding of medicaid. That is not enough . I understand the principles which conservatives are fighting for. I sympathize. I to want to the government out of health care. But at this point is pure politics. It is not what we would like. It is what we can get. This is not popular with many of our viewers. That is where i stand. Better this deal than no deal. The second hour of Varney Company is about to begin. Dare i say this is an absolutely dead flat market . Yes, i dare say it. Dare i say this is a waitandsee market . Yes, it is waiting to see what happens with the Obamacare Vote in the house. Wait a minute. We are getting breaking numbers. This is important for homebuyers for the real estate industry. Have we got the latest . Ashley 4. 23 is the average on the 30year. That is down from the week before, 4. 30. Down a little bit though tough for firsttime homebuyers to get a mortgage right now because prices are going up. Because there are not enough homes for sale. Stuart were still living with the death and destruction of doddfrank. Which means getting a mortgage from a bank, getting a loan from a bank is extremely difficult. Ashley yes. Stuart extremely difficult indeed. Ashley so coming down just a little bit. Stuart no impact on the stock market. By the way were up four points. Dow industrials 20,666. Lets get to the Gop Health Care plan, shall we . The house Freedom Caucus is meeting this hour. Next hour they go to meet the president , mr. Trump, President Trump i should say. There is no timing as to when this vote might actually start. Listen to congressman kevin brady earlier this morning. I dont know the timing on this but i know were getting have he close. I know we still have work to do to make sure members concerns are heard and were always improving this bill. Stuart may i interpret that . No vote until theyre sure they have got the votes to pass it. Theyre still working on it. They dont have the votes yet. I think we can say that from kevin brady right there. Joining us, brian beamburg, the guy from kings college, economics professor. Take me on. You were bold. Laid it out there what you want. Stuart i say, give me this deal because its much better than no deal. And you say . I say make the deal better. I dont think house leadership pushed hard enough to get the right things in this bill. Talking now about repealing obamacare coverage mandates, the essential benefits. That is what the house Freedom Caucus is calling for. That is with conservatives in the senate are calling for. I think that can get done, if you get that in the bill you might have a bill worth doing. Stuart would you actually vote no . Would you sink President Trumps first attempt at legislation . Would i sink the Republican Party . Would you actually say no, walk away from this thing . I would push it to the very end, if we delay it, delay it. Stuart if push comes to shove you dont get your way, do you vote no. Do you want a bill that doesnt work, stuart, if you doesnt work you pay now or pay later. Stuart only you says it doesnt work. If you dont get rid of coverage mandates you cant bring prices down because youre forcing everybody to buy coverages they dont want. Stuart you can adjust the coverage mandates in phase two. Health and human service. You can do it. Is phase two going to happen . If you cant get one through do you think phase two will 457, do you think phase three will happen . This is the problem, stuart. Stuart when push comes to shove brian brenburg would vote no, you would sink it because youre not quite sure that we will get the mandate removed from coverage . You dont have to sink it. You have to push hard to get the right things in this bill. Stuart you delay you destroy it. Im with you, tax reform, tax reform looks very suspect if you dont get Health Care Reform through. If you cant do this, why in the world will republicans agree on anything having to do with taxes . I agree it has to get done, doesnt mean do the wrong bill. Stuart means you have to do it keep pushing. Theyre pushing until the last minute. Stuart you still do it. That is what theyre doing. Stuart this is where we differ. I say, push, push, push, until the very last minute. Im with you all the way. Good. Stuart if you dont get what you you want you still vote yes and youre going to vote no, you would vote no, wouldnt you . I Want Health Care stuart dont mess around with that. Liz obama care tweaked ad infinitum . They adapted obama care, fixed obamacare, incessantly. Do you want to do that with this bill . Liz that would got it done. I dont want to do that with this bill. Best reforms come in the last three days. Liz perfect is the enemy of the good. It is no the enemy of the good. Stuart Ronald Reagan said if you get 80 of what you want. Are you sure this bill is 80 . Stuart absolutely. Taxes are gone. Mandates are gone. Not all the mandates. No. Almost. Stuart you can rearrange them. Look the mandate that says you, brian brenburg have to have insurance, thats gone, right . Of the mandate, if i buy it i have to buy things i dont want is still there. Stuart the mandate says you must buy insurance is gone . Am i correct . Thats true but it is not the only mandate. It is not the only mandate. Stuart the mandate which says you must buy this and must cover that, that is growing to be adjusted. And you have the chance to say how it is going to be adjusted. Why is that . Do that right now. Dont leave it to chance. Liz okay. Stuart if you dont get it, i still say vote yes. Liz we have new home sales by the way. Ashley thanks, emac. Stuart calm down, stuart. Liz 592,000, up 6 yearoveryear, as new home prices came down by about 5 yearoveryear. So new home sales up annualized up 592,000. Home prices for them came down. Stuart okay. I have calmed down. That was relatively good news from new home sales. Brenburg, be quiet for a moment. Is that an order . Okay. Stuart listen to this, i wish i could move on to a less serious story, but i can not, the terror attack in london. A man driving a car ran over pedestrians on the westminster bridge. This was yesterday. We covered it on the show. Then he headed to the gates of parliament, crashed, jumped out, stabbed a policeman who died later. The attacker was shot by armed police officers. Three other people dead. Army vet and Fox News Contributor pete hegseth is with us now. Now, weve gone through the details of what happened. We got that. It seems to me that one man with a set of car keys and a knife wreaked havoc with Central London and closed down parliament. I put it to you pete, you cant stop this kind of thing from happening in the future. No you cant. What else is he armed with . Ideology, dedicated ideology he believes in. If you can find a car and an open gate you can kill people. That is exactly what happened. Until the uk and west radical es lame is at war with them and truly understand that, infiltrating silently their society. They will never infiltrate this problem. They say he acted alone but they arrested other people. This is religious network in mosques where they preach radical islamism and in the london and in the uk. Until you understand that stuart we have to start thinking about immigration of muslims . That issue is raised in europe. There is study from somebody called the Chatham House finds seven out of 10 europeans countries, majority of people want total exclusion of all muslim immigrants. Seven out of 10 countries in your pop. I suspect that argument will now start to be made elsewhere. Of course it will. It already is. This is populist way. Stuart that is religious test. Consider this fact. The most popular boys name after newborn boy in london, three times over is muhammad. The most popular name of a boy. Demographics of that city and that country are fundamentally changing. The question will they stay committed to values made london and uk what they are . Not clear that first generation or is being generation muslims are committing that society. They are bringing intolerance in the middle east with the west, women, homosexuals. Stuart what do you do . You got, extreme vetting things like that in the United States. Make a heck of a lot of sense. Pausing from countries you dont know where theyre coming from. Theyre behind the curve in london. Behind the demographic curve. Have to demand allegiance and a simulation from populations there. They knew this guy was radical islamist. Yet they didnt boot him out at firstcent scent much it. You should be kicking these people out of your country. If youre at war, war is being waged against you, exactly what this guy is doing. This guy pledged allegiance to ice s if youre at war can you let the enemy live among you expel these people. Religious test are dangerous. Radical ideology larger than people think. Stuart do we do that . Is that us . We never confronted this type of threat. The cohesion which radical islamists believe and think and commit is something were not used to. This is not like the nazis. Written in a book 1300 years ago. They read it, study it, find validation in it. And propagate it from the youth that if they die they go to heaven with 72 virgins. It is not just a job. When obama said isis needs jobs, no, utterly defeat and discredit their ideology. Stuart pete hegseth, thank you very much for joining us. Appreciate it. Check the big board. Dead flat. That the way it is i think were up three points. Two points up. Thats barely any movement at all. Everyone waiting for news on the Obamacare Vote in the house. Got it. By the way, the horse trading, oh, its going on big time on capitol hill. The Freedom Caucus is meeting right now. Then whether theyre done with that meeting amongst themselves, theyre off to the white house. They will meet with President Trump. Were all over the story, following it all the way through. Back in a moment. At fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. Im raph. My name is anne. Im one of the real live attorneys you can talk to through legalzoom. Dont let unanswered legal questions hold you up, because were here, were here, and weve got your back. Legalzoom. Legal help is here. Legal help is here. Deartheres no other way to say this. Its over. Ive found a permanent escape from monotony. Together, we are perfectly balanced, our senses awake, our hearts racing as one. I know this is sudden, but they say if you love something. Set it free. See you around, giulia kevin, meet yourkeviner. Kevin Kevin Kevin Kevin Kevin Kevin Kevin kevin kevin trusted advice for life. Kevin, hows your mom . Life well planned. See what a Raymond James Financial Advisor can do for you. Stuart now today, is all about the health care plan, the vote there on, coming up in the house today. Let me give you an update. Heres where we are. As of right now the Freedom Caucus, conservatives within the house Republican Party, theyre meeting among themselves on capitol hill. Two members of the Freedom Caucus, jody hice, Louie Gohmert had to cancel their appearances on this program because theyre involved in this very important meeting. That is happening whether the house is debating whether a vote can take place today, if there are changes to the bill as it currently stands. That is very much a procedural thing. That is happening now. No vote is currently scheduled, okay . They dont have a time when the vote will actually start. But which do have this. Speaker ryan was supposed to have a News Conference in the 11 00 hour. That will be at 3 30 eastern time this afternoon. You could stay a state of flux, armtwisting, sausage making, all going on as we speak. Ashley not pretty. Stuart it is really ugly. Ashley it is. Stuart but if you want to get something done in legislative fashion this is what it takes. Liz were 20 trillion in debt. Stuart but every single word that comes out of anybody involved ithese mein the market will react to it. Ashley headlinedriven. Liz good point. Stuart the big board is absolutely going nowhere. We havent heard anything concrete about the no vote. The dow is up five points. It is roughly 50 50, winners and losers among the dow 30. Health care negotiations are still underway. Again im going to repeat what i said at the top. Hour. I hope it passes. I think this deal, however flawed, is better than no deal at all. That is my editorial position, and i speak only for myself. Former republican senator from massachusetts scott brown is with us and no doubt he will take me to task about my opinion. I dont know where you stand on this. I say, give me this deal, it is better than no deal at all. You say what . Stuart, first of all i want to thank you. I thought todays show was great. You had on obviously senator lee, a good friend, a great guy, senator thune, and you had a house member as well. You kind of nailed it, put it to them, the last guest, when push comes to shove are you going to actually pass it or not. He wouldnt answer you. That is the problem. I think people republicans forgotten what it is like to lead, to have the presidency, senate and the house. It is a long time. They actually forget and still fighting amongst themselves over the scraps instead of taking the bull by the horns and doing exactly what president reagan would have said, listen, give me 80 . Well fix in committees well fix it with secretaries. You asked mike lee directly, he said it was true, that the secretary price could actually fix a lot of this stuff. He said, well, but they can fix it, they can change it back later. Im not worried about later, im worried about it rue no. Getting savings from health care, parlaying into savings on tax cuts. Get the economy moving. Youre spot on. Stuart it is inconceivable to me, i guess we have to conhe sieve of it if it happens, but i would be he amazed if the Republican Party can not unite on this, their first test in front of the house on a very important bill, extraordinary, would be really surprised if they walk away from President Trump and his first test in the legislative process. Scott, i just cant believe it will happen. I think youre with me on this. Im with senator thune. Ultimately see it pass. It will be close. You have a situation with the Freedom Caucus folks meeting right now which is appropriate. Hasnt been brought up, still working until the 23rd and a 1 2 hour. That is school. The president will get involved and allay their fears, what do you want, what do you need . Dont forget senator thune nailed it, what the house passes it make sure it falls within the reconciliation rules of senate. The house can do a lot more, but if you cant pass it in the senate it is for naught. They have to be careful or would be ruled out of order. It is in the weeds, dont forget how the Senate Passed it. That is the vehicle. You can fix in the second phase with secretary price and third phase because you still have majority in both houses, you can actually push things through, especially with the Nuclear Option in the senate which may happen. Stuart exactly. The voice of common sense from massachusetts. Scott brown, so glad youre on the show today. Youre all right, son. Stuart, always love to be on. Stuart thanks, appreciate it. See you real soon. Check the market still go nowhere. Down seven points, thats where we are. 20,654. I will repeat it. It is all about the Health Care Vote, whether there is a vote later on today. That is the center of attention. Meeting in the white house shortly. Freedom caucus and President Trump, were on it all the way through the day. The mercedesbenz of tomorrow will transform not just the automobile, but mobility itself. An autonomousthinking vehicle protecting those inside and out. And its the mercedesbenz of today that will help us get there. The 2017 eclass, with innovations no car has offered before. And that will change driving forever after. Lease the e300 for 549 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. Stuart another look at ford Motor Company. The stock is down 1. 7 . Clarify something we said earlier. The stock is down afford released its Profit Guidance for the First Quarter, lower than what wall street thought it would be. We said ford would make less money. That is not the case. It is their Profit Guidance pulling that stock down. And now this, police in israel arresting a suspect for making threats against the Jewish Community here in america. Ashley kind of a strange tale but it was a 19 yielder suspect, taken into custody in israel on suspicions he made securityrelated threats and publishing false reports, caused authorities say, fear and panic in jewish communities in the United States but also around the world. Motivation we dont know. But, it is all been linked back to this one individual in israel who was making these false threats, that included synagogues in the United States and elsewhere. In one case he forced an air liner to make an Emergency Landing because of threats he was calling in. Stuart that is a serious thing. Ashley it is. Stuart got it. New this morning, Something Else for you, ash. Ashley yeah. Stuart chinas military issued a warning to, the u. S. Air force. They dont want the American Air Force flying over the east china sea. Wait a second, ashley is that around those islands . Ashley around the disputed island chain. China because they claimed those islands that they have, it is their airspace. The u. S. Air force had a b1 Bomber Flying through that particular area on military exercises through south korea and japan, they got a warning from the chinese to the pilots flying that bomber saying get out, this is our airspace around pilot said, no it is not, this is international airspace. Completely ignored the chinese threats continued on mission without changing course at all. Stuart another provocation. Ashley you could say the tensions are raised in that part of the world for sure, another example. Stuart oh, i think you could say that. Definitely say that. Ashley im saying it. Stuart market still going nowhere. Were up five, six points. Thats where we are. Anytime, anybody says over the, anything about the house Health Care Bill, that market will move. Happening in just over 30 minutes from now the Freedom Caucus, theyre the republicans against this current Health Care Bill, theyre conservatives, theyre going to the white house, the whole group, the President Trump, the deal maker in chief, continuing negotiating with the Freedom Caucus. Were on it and all over it. More varney returns after this. Of the [pony neighing] what . Hey gary. Oh. Whats with the dogsized horse . Im crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. Isnt that right warren . Well, you could get support from thinkorswims inapp chat. It lets you chat and share your screen directly with a live person right from the app, so you dont need a comfort pony. Oh, so what about my motivational meerkat . Inapp chat on thinkorswim. Only at Td Ameritrade. Stuart going to update you now on that dreadful terror attack in london yesterday. Details now, one of the victims. Ashley one of the victims is an american, 54yearold curt cochran from utah. He was touring europe with his wife to celebrate their 25th wedding anniversary, oh. Ashley they were both appears hit. His wife suffered just a broken leg, i say just a broken leg and rib. She survived. He was pushed off the bridge, down on to a concrete floor, i know exactly where it is, it is a good 25 feet drop. He did not survive that fall. Stuart on a related item, related note here, we have another development. This is coming into us from belgium. Liz this is breaking news. French man of north african descent in custody. Charged with driving at high speed, attempting to plow into a crowd in a busy shopping area of the port city of antwerp. Army officers tried to block him. He broke free. He ran a red light. Police then blocked him. When they arrested him, took him into custody, they found knives, shotgun and a gas can in his car. Should be noted this is about the First Anniversary of the twin bomb attacks in brussels that killed 32. Ashley yesterday was the actual anniversary. There is belief all of this could be related. Stuart one small point. In germany, theyre going to expel a young man who is born in germany, of algerian parents. Born in germany. Got mixed up in terror. Even though he is a german citizen. He is out. Ashley that is really interesting. Stuart same young man of nigerian descent, born in germany. Parent came in from nigeria. He is being expelled. Born in germany. German citizen he is out. Liz for what . Stuart mixed up in terror. Ashley born in that country. That is interesting. Takes it to the next level. Stuart the guy in england was britishborn. Ashley absolutely. Stuart i wonder if they were considering something on those ground. We dont care where you are. Youre out. Liz what is the breaking point for the british people . Stuart i really dont know. Youre right to question where is the breaking point. I want to move on to capitol hill, the Freedom Caucus meeting with themselves. Next hour they go to meet President Trump at white house. A lot of armtwisting here. One of the members of the Freedom Caucus, jody hice was supposed to be on the program. As of now he had to cancel, called away to far more important meeting. Come in Washington Examiner columnist lisa booth. Hi, lisa. Hi, stuart. Stuart youre right there in the middle of it all. You have the Capitol Building behind you. Can you give me the state of play on the vote count as of now . They obviously still dont have the votes. That is what theyre working on right now. I spoke to congressman mark meadows yesterday, full disclosure i used to work for, theyre trying to get rid of essential hello benefits. A lot of conversations are underway you point out beginning of this segment. Ultimately i dont think speaker ryan will bring the bill to the floor unless he is confident he has the votes. I dont think they do. Stuart can i interrupt you for a second. You used to work for mark meadows. I did. Stuart yesterday, 1 00 in the afternoon, he was almost vehement adamant, the votes are not there. They just dont have the votes. About six hours later, 7 00 last night, after a meeting with President Trump he was much more conciliatory. There is work still needs to be done but we can see more positive. Is there a drift in that direction by the conservative people at the Freedom Caucus . I think there are conversations that are happening. So i think, you know, obviously, each member of congress is going to represent their districts. If you represent a very, very conservative district, you want something to be able to take back home. A lot of conservatives the way they view this bills at least in its current form not really going far enough. We heard that from senator rand paul. Stuart do they folks understand if you turn this down, the very, very first attempt at legislation by the Republican Party around the first attempt at negotiating a deal by President Trump, they turn this down, the implications of that if mark meadows has to go back to his constituents i tried the good fight and we failed and everything is off, will that go down as well . Stuart, there is a dance. There are problems for moderates for Speaker Paul Ryan. It is not just the house Freedom Caucus. Were talking about 1 5 of the United States economy. Here in washington d. C. And outside, we have tendency, people have tendency to over sensationalize things. The reality this will get done. No point in rushing something. They need to make sure they get it right and have the votes. There is mo point bringing the bill to the floor if they simply dont have the votes. What a lot of house members making sure something will get done in the senate. The last thing you want to do, let me finish, real quick, stuart, if you dont mind. Stuart go. The last thing a house member wants to do is vote for something that will die in the senate. These are all the things, im explaining to you all the Different Things that members of congress are looking at right now. Ultimately this is going to get done. We can oversensationallize and freak out in washington, d. C. , what we have tendency to do but this is going to get done. Stuart look, i dont when it is going to get done. It will get done. Stuart you cant, it will get done. Everything else is put off and delayed. If youre spending months getting something done on obamacare i dont think it will be months. Theyre very close. Stuart are you sure of that. I cant assure of anything in life. I honestly think this will get done very soon. I dont think Speaker Paul Ryan will bring it to the floor unless they have the votes. He realizes a defeat on the floor look as heck of a lot worse than just simply delaying the vote. This will get done. I wouldnt be surprised for some reason they cant get it done during the work week this week, hold people over this ultimately is going to get done. There is no point in rushing it. A lot of members have a lot of different considerations regarding their districts. These are the conversations people are having. Stuart im becoming the most unpopular guy on the program. Not to me, stuart. Even if you disagree with me, i still like you. Stuart in which case you can come back. Lisa, thank you very much indeed. All right, stuart. Stuart next case, dan holler, action for america Vice President who is vehemently against the bill im sure but let me repeat my editorial at the top of the hour, im sure you heard it. I would rather have this bill now than no bill at all because i dont want to see the first legislative effort by the president , the first legislative effort by the Republican Party go down to defeat. That is my case. Stuart, what i would say to you we dont want to see the first legislative effort by President Trump and by the Republican Congress result in higher premiums for the American People. That is ultimately what this is about. Are we going to pass a bill that keeps premiums high because we dont want to repeal obamacares regulatory structure or take our time, get it right, make sure the bill we pass, that republicans run on in 2018 and President Trump runs on in 2020 stuart that is what it is all about . Youre prepared to refute the president , refute the Republican Party leadership, turn down this bill on the grounds that you think it will not lower premiums . Stuart, this bill leaves obamacares regulatory arc it being ture in place. That is what is driving premiums up so high. If we dont get that fix, premiums will remain high. I dont want to see President Trump campaigning in 2020, i repealed obamacare and replaced it with something great and American People look at premiums, say, no you didnt. This is still awful. That is the worst policy and the worst politics. Stuart wait a minute. Earlier this morning we had senator mike lee on the show. He is adamantly opposed to this bill. I said it takes away mandates. He says no, it does not take a way mandates. There is stillman date you have to have this particular kind of coverage. Look, cant you adjust that in phase two . Cant you just wait and adjust it in phase two . He said yes, we dont want to spend the time waiting. I dont find that a particular attractive argument. Im quite prepared to wait to change that mandate if it means getting a yes vote now. Not you . Stuart, secretary price can only do so much. He can only use Authority Given to him by obamacare. He has to operate within the confines of obamacare, even under this bill paul ryan will put on the floor. That means that premiums will still be too high. We want to make sure premiums go low. If it takes a little bit longer to get the policy right in this bill, that is worth waiting for. Stuart okay. If push comes to shove and right up i know youre laughing, you know whats coming, right up to the very last second, the voting has begun, and you would say vote no if i dont get that 20 that is, we want in that bill . , push comes to shove, you would vote no, would you . Stuart, on the bill that paul ryan has right now, it should be voted down if he is not willing to make changes to it. Stuart you would say no . You say no . You would . Stuart, President Trump and the Republican Congress should not have their name on a bill that keeps Health Care Premiums high. We want to do the right thing and get premiums low. If it takes extra week to do that, that is okay. We can still do tax reformulater this summer. There is plenty of time to get these things done. It will be worse off, the country will be worse off, republicans will be worse off if we dont get health care right and actually drive down these premiums. Stuart can you guarranty if you say no today, and it goes on for example whatever length of time, you will guarranty we will get tax reformulater this summer, yeah . Stuart, i think if we get health care done right there is a lot of momentum heading into tax reform. Tax reform is incredibly important thing. Stuart i think youre we also need to take, we also need to get to Health Care Premiums up. Stuart you destroy the momentum. If you fail your first test, you have destroyed your momentum. Passing bad policy with President Trumps name on it is failing the test. That is what we need to stop. Stuart only you think it is bad policy . No, stuart. It is not. A whole bunch much conservative Health Care Policy experts around the country think it is wrong way to do it. Not just conservative groups. Not just a handful of conservative members. There is a lot of consensus around the conservative Health Care Policy community that this bill with will not drive premiums and leave obamacares regulatory structure in place. Stuart im still the most unpopular person on this program. Youre smiling about that. Dan holler, thank you very much indeed. Its a good debate. We appreciate you being with us. Thank you. Stuart get back to your money as in technology stocks, okay . First of all apple and microsoft, both of them are, theyre lifted the nasdaq yesterday. Where are they today . Im not quite sure. I cant tell on the screen. Tech stocks are still at an alltime high or very, very close. Check that big board now. Were moving up a little bit. Not sure why. Maybe somebody said something about a vote count that looks positive. Maybe. That is what the market is watching. Were up 25 points as we speak. How about this . A story that could involve north korea. 81 million theft and Federal Reserve the United States of america is involved in all of this. Full story. Ashley now this. Negotiations over the republican Health Care Bill are underway, we know that stuart says the deal is better than no deal at all. Senator mike lee disagrees. Roll tape. What we need is a bill that repeals all of obamacare and brings about cost controls so that we bring down the cost of health care which has spiked sharply in the last seven years since obamacare was enacted. This bill doesnt do that. We need something that does that. Now this bill can be changed. It can be reformed in a way that will bring about those necessary adjustment to the Health Care Market place but we have to make sure we get this right. Look, seven years ago today, obamacare passed. Republicans have been campaigning against it ever since then. We have to make sure we follow all the way through with this punch and we get it right. Ies list, we believe there are certain things you can count on, like what goes down doesnt always come back up. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. Discover all the ways we can help at angies list. Because your home is where our heart is. Stuart modest gain, i will call it very modest indeed. 30 points up for the dow industrials. Everybody, and his brother are telling me to relax. Ashley yes. Relax stuart i am indeed a little up tight about this vote today. Ashley a little . Stuart yes, a little. Look at this. I got this text, relax. Liz who is that from . Stuart a friend. Ashley a friend. Stuart relax. Trump is using the whole day to negotiate. Thats why he is such a good negotiator. He cant cave now. He still has the day. Ashley thats a good point. Stuart okay. So relax, relax. Ashley dont go down the road. Stuart you dont get a yes vote by the end of the day, were in the show tomorrow morning, that market, are you going to doubt me on this . That market pose straight down. That market goes straight down. Ashley youre right. Stuart stop yawning. Liz your anxiety over tax cuts is preexisting condition. Stuart people think i want a tax cut for me personally. I want a tax cut to make this country produce produce again. Liz yes. Stuart i want to see growth, tax cut, grow the prosperity. Liz you know why democrats you dont get growth to have the tax revenue to pay for all entitlement programs you love. Stuart you sound like me with an american accent. I shall relax. Mercedes schlapp is with me. She will relax me. Thank you very much. My 10yearold would say chill lax. Which is chill with relax. Stuart i remember having a 10yearold many, many years ago. There you go. Stuart i dont know whether you heard my editorial. Oh, yes. Stuart give me a vote and it has to be a yes vote. I would rather have a yes vote on this than nothing at all. What say you . I say youre right. I think they do, republicans need to come together, you know, figure out this family dispute between these lingering questions that are in this Health Care Bill and vote forward and move forward on the bill in the house. Everyone is panicked about today. The vote has to be today. The vote does not have to be do today. It would be ideal today. I think they will definitely have a vote before the easter break. Gives them a couple more breaks to hash this out. I think were out of place, stuart. Theyre getting closer. He seeing people move, republicans who have been in the no category slowly shifts to maybe, maybe yes. I do have to say that congressman mark meadows really has stood strong in saying we need to make necessary changes to this bill to get it to a good place. We all agree that obamacare is failing. We all agree that we need to repeal it and we need to replace it. So i think theyre moving forward with these provisions and these Little Details that need to be agreed upon. Im telling you, youre worried about the house. I would say you better worried about the senate. Stuart im worried about senate as well, for sure. Wait a second, if President Trump is negotiating right now with the Freedom Caucus, there is a lot of giveandtake here, if President Trump bend too far towards the conservatives annoys the moderates, who may then say, i dont like this new version either. At some point, probably sooner the better, got to get them all together just pass this thing. Thats true. That is actually the biggest challenge for Speaker Paul Ryan, if you move the bill too much to the right you have a chance of losing those moderates. Let me tell you that conservative coalition is strong. I think where moderates are calm, the fact there is refundable tax credits which they like. Conservative dont like. If you look at the Medicaid Expansion that is sticking. On both sides of the aisle. Moderates want the transition to move slower. You want conservatives pushing that end of Medicaid Expansion quicker. They have to come to a middle ground. Stuart yes. You cant move it to quickly for Medicaid Expansion. Republican governors dont want that to happen. You cant leave poor people out to dry. It is important that the transition is flawless and move and make it a bill that is conservative enough but at the same time its, the Freedom Caucus will not be 100 happy with where this bill will end up. Stuart mercedes, you heard me read out the text from a viewer who said, look, relax, relax, President Trump has the whole day to negotiate. That is why he is such a good negotiator. We got a subsequent message from the same viewer, who now says, that is why you, stuart varney, are not a good negotiator. You show your hand. Really the most unpopular guy on this entire program, am i not . No. Not at all. I think youre saying what needs to be said which is that the Political Capital right now of the republicans is at its highest. If they show they can not govern. If they do not deliver legislative victory for President Trump, it becomes problematic. Do we need to address problems and premiums dont continue to rise . Do we need a replacement for obamacare . Absolutely. This is the legislative process. They have to include amendments. Have to ensure all voices both conservative and moderate voices are heard helping to create this bill, shaping this bill and somehow there has to come to a point there is a middle ground where it is about compromise, a key word out there. Stuart come to that point now, ladies and gentlemen around vote yes now, get on with it am i not happening on stuart varneys timeline. I can assure you stuart, it will happen. Stuart youre on tape saying that. Im confident. I am confident. I think it will pass the house. Remember when you this by the senate. Stuart hard break, theyre killing me. Got to go. Her sides sees, thanks. Mercedes, thanks. Thank you, stuart. Stuart Freedom Caucus heading back over to the white house, with the President Trump, the dealmakerinchief. More varney after this. E ashley well see. R. Ive found a permanent escape from monotony. Together, we are perfectly balanced, our senses awake, our hearts racing as one. I know this is sudden, but they say if you love something. Set it free. See you around, giulia dont let dust and allergens and lifes beautiful moments. Flonase allergy relief delivers more complete relief. Flonase helps block 6 key inflammatory substances that cause all your symptoms, including nasal congestion and itchy, watery eyes. Flonase is an allergy nasal spray that works even beyond the nose. So you can enjoy every beautiful moment to the fullest. Flonase. 61 changes everything. upstate new york is a good place to pursue your dreams. 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Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Stuart all right. Some of you not happy with our coverage of the republican Health Care Bill. This coming in to us from ruth. Here we go. Hey, stuart, relax a little. Do you realize you can influence people who listen to you by the way you talk and react to what is going on . The president wants to get things done but they need to be done right. If the new Health Care Bill is not passed, dont throw up your hands and call it a bust. Give them a chance to work it out. All right, ash, liz, my opinion is very clean cut on this one. I would rather have this bill than no bill. That is what i want to see. Am i so wrong . Ashley im very frustrated by the whole thing, they have had, seven, eight years, to pet this right. Here we are, with the more conservative members of the Republican Party saying lets just scrap it all start again. Really . After seven plus years, you cant get on the same page . It is very frustrating. Stuart throw it out again. I say pass this bill rather than no bill at all. Ashley anything is better obamacare. Stuart are you with me on this . Ashley yeah. Liz you have to do it you dont get tax reform theyre both linked. Obamacare reform is linked to tax reform. Stuart im going to editorialize on this on the program today. So be warned, everyone. Well be back. Whoa, this thing is crazy. I just had to push one button to join. Its like im in the office with you, even though im here. Its almost like the Virtual Reality of business communications. No, its reality. Introducing intuitive, one touch video calling from vonage. Call now and get amazon chime at no additional cost. Stuart without being flippant, you have to say this is sausagemaking day. Its the day when the president and the Republican Party wheel, deal and horse trade on the plan to replace obamacare. This puts people off politics. Carveout toes, side deals. You get this if you vote this way, or your district gets that project that youve been pushing for. Its ugly. We want to reform the disastrous obamacare, not fire up the congressional spoils machine. But thats the way things get done in congress. It is the way things have always been done. Do you remember the wheeling and dealing by president johnson to bring in the Great Society . Do you remember the deals nancy pelosi, harry reid and president obama had to make to pass obamacare in the first place . Now, that was sausage making and, yes, it was ugly. No difference this time around. Throughout the day youll be getting updates on the vote count. Later well find out what it took the swing the vote. Who got what . So sit back and look at it this way getting rid of eight years of irresponsible messing with Americas Health care will not be easy. It will not be pretty, but it is very necessary. The third hour of Varney Company is about to begin. Stuart on your screens right now, that is an allstar lineup that we have for you this hour. Look at them. But first, get to your must mon. Check your big board. Now were up 40 points higher. Could it be people believe maybe well have a yes voted today . Im not saying that, but maybe somethings said something somebodys said something to raise that mark up a little. Look at the Huge Technology companies, always very close to alltime highs. A mixed bag this morning. Facebook, amazon both of them on the upside. How about the Home Builders . We got nice numbers on new home sales earlier today. And the Home Builders are moving up this morning. How about the health unsurers . This is all insurers . This is all about the Health Care Vote today, assuming there is a vote today. Its a mixed bag amongst the Health Insurers and drug companies, all of them. Let me bring in republican from alabama, congressman mo brooks. Congressman, welcome to the program. Good to see you, sir. My pleasure. Stuart i know that youre about to leave for the white house, youve just held a meeting of the Freedom Caucus. Can you tell us how many members of the Freedom Caucus are now sort of saying, all right, i can vote yes . Can you tell me . Well, i can tell you that theres still enough to where the bill would not pass if there were a bill at this moment, and quite frankly, we need some significant changes to the legislation. By way of example, its been marketed to the American People that were going to repeal obamacare with the result being that premiums are going to go down on Health Insurance. I dont know if youre aware of this, but the republican welfare bill that is before us according to taxation and the Congressional Budget Office is actually going to increase Health Insurance premiums by 1520 over the next two years. Thats not what the American People want. Stuart ive got it, but whats the trend among members . Is it inching towards, okay, we can vote for this, or is it an absolute, dead no . There have been no changes in the bill that are significant enough to move any votes that im aware of. If there are Senate Significant changes that will decrease the cost of Health Insurance premiums for American People, thats a big plus, and i think this legislation would pass. But as long as youre looking at senate increases in Health Insurance premiums because of the flaws in this legislation, youre not going to get conservatives to move against the American People like were being asked to do. Stuart so you would vote no. Push comes to shove, last minute, here it is, you would vote no and kill it. You would do that . Well, i want a repeal of obamacare, and this bill doesnt repeal Obamacare Stuart you would vote no . As the bill stands right now stuart im sorry to interrupt you, i know youve got to go. If you vote no, then you end President Trumps first foray into legislative affairs, you end the Republican Partys first attempt the pass legislation as runs the house and the senate, you walk away from this first attempt at legislation. Youre prepared to do that . I dont believe that what youre saying, at least the two parts that you began with, are accurate. This battle will go on and, hopefully, what we would then do is pass the exact same Obamacare Repeal bill that the Republican House and the republican Senate Passed so easily just two years ago. Thats what we ought to be doing. Set the date at which the bill is effective sometime in the future so we have a window in which we can implement constructive changes that will actually force down the cost of Health Care Premiums. This bill does not do that x thats critical to what the American People want. And right now youre looking at a 1520 increase in the cost of Health Care Premiums according to the cbo and the joint committee on taxation. Stuart okay. Its even worse if we pass bad legislation are than if we pass no legislation at all. Stuart okay, congressman. Its a great debate, and we hear you, and i know youre going to hold very similar views when you walk across the street to the white house moments from now. Thanks for joining us. My pleasure. Stuart lets talk money now. The Health Care Bill, lets talk about money, chapwood investments, ed is the guy. Welcome to the program. Thank you, stuart. Stuart my contention is that if we get a no vote today or if there is no vote at all right. Stuart tomorrow morning that market plunges. You say what . It could very well. This is like eating hagges. The bottom line is nothing is going to happen that everyones going to love, but the Collateral Damage to this administration is going to be enormous. And people dont understand outside the beltway, you know, how much damage is being done to this president who are republicans. They need to pass this, get on the same page, and it needs to happen because theres a lot more work to get done. He just made a very good point, they should have been talking about that. Whatever it is, theyve got to get this thing passed. I agree, stuart, if we dont get it passed today or a no vote, we do see that market open much lower. Stuart well, let me ask the other side of the coin. If we do get a yes vote today or late tonight, early tomorrow morning, does the market straight up . And it could, but this is priced into the market. People believe when you have full control of the executive office and, you know, senate and the entire congress, you will get things passed. This just shows complete disarray in the Republican Party, and its wrong. Stuart okay. Thanks, ed. Hold on a second. Absolutely. Stuart press secretary sean spicer, he says tax reform will happen this year. Watch this. Wall street appears to be getting a little nervous about the possibility of tax reform this year. Can you say definitively that the president will present a package of tax reforms this year . Yes. Stuart there you have it. He just comes right out and says yes. I like it. Stuart well, he has to say that, because if he were to say, well, maybe well get around to it, you cant say that. Also look how much troubleet ng rid of something that is basically just a pile of you know what, right . Stuart yes, exactly. Imagine to have to get tax reform and getting all the different parties to fight off schumer and all those people, it is going to be a very difficult thing. Theyd better get on to it quickly because if we get it done, 500 billion of revenue go directly to the bottom line of the s p 500 companies. We dont do it, this market tanks. Stuart and if we delay doing it same thing. Stuart thats as good as not doing it at all. Without question. Its going to get done at some point, but if it doesnt get done this year, we have got ourselves a whole mess of trouble. Stuart real fast question. Sure. Stuart if its a no vote and the market does, indeed, go down tomorrow morning, a lot of people on this program have said thats a buying opportunity. No, not at all. Anybody who says that has you have to look at what the reason the market would go down. Youre going to hit different spots where computer trades kick in, and if you see this market go down, do not try to bottom fish because this market is priced for perfection. We are 28 overvalued, stuart, and that means everything has to happen the way its been laid out. This is the highest overvaluation in the market since 1987, and people need to understand that. If these things dont happen, this market goes down, and dont try to bottom fish. Stuart ed tells it how he sees it, and we appreciate it. Good stuff. Now, back to the terror attack in london literally 24 hours ago. An american was one of yes. Just been identified, 54yearold kurt cochran, one of the People Killed on westminster bridge. He was visiting europe with his wife as part of their 25th wedding anniversary, he has been identified as one of the victims. His wife survived with a broken leg. About the suspect himself who was shot and killed, hes britishborn, had been investigated by mi5 in the u. K. , but they believed he was just a peripheral figure. They say, listen, we try and trace more than 2,000 potential violent em extremists. He was not considered one of them. But we do know theres been arrests made overnight, some eight arrests, four in birmingham in the british midlands, that is where we now know he hired the car that he used in yesterdays carnage as well. Stuart 2,000 people yep, have been identified as extremists. Stuart you cannot cover, cannot follow 2,000 people with the work force dont have the resources. Stuart you dont have it. Cant do it. And this person, just to make the point, wasnt even on that list. Stuart all right, ashley, thanks. Check out sears, please. We were down bigtime on the stock yesterday, we bounced back 2 today. We put them on death watch, by the way. The stock is higher this morning, should tell you that. Later this hour were going to be joined by matt shea, the president of the National Retail federation. Retail in a lot of trouble, and now theyre fighting and facing a border tax not popular with them. Next up, formerhhs secretary Kathleen Sebelius, how does she feel now that her tenure has been essentially erased . Stay with us. But first, remember when bill clinton said this . So youve got this crazy system where all of a sudden 25 million more people have health care, and then the people are out there busting sometimes 60 hours a week wind up with their premiums doubled and their coverage cut in half. Its the craziest thing in the world. At angies list, we believe there are certain things you can count on, like what goes down doesnt always come back up. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. Discover all the ways we can help at angies list. Stuart in case you missed it, the dow industrials are now very close to the high of the day. Moments ago we were up 70 points, literally in the last 15, 20 minutes we have gone straight up. Were trying to find out if someone has said something about the Obamacare Vote today. We cant find any definitive statement from anybody which suggests were going to get a yes vote. We have not seen that. Im looking for what has moved that market up 67 points on the dow. Now were back above 20,700. Lefthand side of your screen, the white house, of course, were waiting for the arrival of the Freedom Caucus members who are due to arrive very, very shortly for a negotiating session with President Trump. That would be interesting. Lets see how that standoff comes about and how it turns out. Im sure theyll face the cameras afterwards. Right now 68 points higher for the dow industrials, waiting for the Freedom Caucus to arrive at the white house. Next case, were joined now by the im sorry . Im sorry, im just trying to get to grips here. Okay, now were up 72 points. Youve been looking at the computers here. Have you seen anything no. Im looking desperate hi to see what someone may have said that has given the market a little more of a boost. Stuart i wonder if its a reaction to the guest that weve had on our program who say it doesnt matter if you dont get a vote today, pretty soon we will get obamacare fixed. Im not so sure thats what the markets want to hear. Ive got to be honest with you, stu, i think thats a stretch. Stuart i think the markets want to hear a straight yes, thats my opinion. I think theyre going to defensive plays right now. Tech stock action, Fourth Quarter came in really strong. Its a defensive play right now. Stuart theyve already gone up astronomically. Yeah, thats right. Stuart look at this, now the dow is up 80 points. I should tell you that speaker ryan was due to hold a press conference and answer questions at 11 00 this morning, 15 minutes ago. That was put off. Hes now made an appointment at 3 30 eastern time this afternoon. Is there any significance in putting off that timing . No, i dont think so. I think as we just heard from the Freedom Caucus group, there has been no changes to the Health Care Bill, so what is he going to talk about . Wait until they actually make some progress, and then hes buying time, essentially, by pushing it back to 3 30. Stuart he is. Thats all hes doing. Stuart i dont think theyll start to vote, they will not call for a vote until speaker ryan knows hes got the yes votes that he needs. I know people have been coming on the show saying, roadway lax, stuart, i think the markets are treading water because that tax reform bill is at stake right now. The two bills do overlap. They want to get both through budget reconciliation. This is a deaf is sit reduction deficit reduction measure. Theyve got to come together on obamacare and tax reform. Stuart look at out go. Now were up 84 points. Im watching that thing go straight up, looks and looking and looking for something from the health care debate, some kind of nuance, and i cant find it. The market is up 84 points on the Dow Jones Industrial average. Quickly, lets deal with a couple of individual stocks in the news not necessarily moving that much, but certainly in the news. Look at starbucks, please. Theyre going to hire for veterans. Yeah. You know what happened is starbucks almost started well, did start a boycott called Hashtag Boycott starbucks when they said were going to hire 10,000 refugees. People got really mad. Ashley pointed out, hey, what about poor people in this country . What about veterans . People with kids who are out of work . To is theyre saying, you know what . Were going to open the number of vets and military spouses we hire, were going to hire 15,000 more of them, we already hired 10,000 of them. Stuart 56 per share, dow industrials up 76 points. I just want to go out to the break with this, okay . On a heavy news day, let me show you this. A 3yearold girl, she is from atlanta, georgia. Shes in rome. She gets to meet the pope. Wait for it . [laughter] as the pope leans in to give her a kiss, the girl grabs his hat. That was her first day in rome. Her parents are saying, what is she going to do on the second day . [laughter] stuart moments from now, were expecting to see the members of the Freedom Caucus, thats a negotiating session and a half. And then later, well have Kathleen Sebelius on the show. The news is coming thick and fast. Were on it. Stay with us, please. Dear predictable, theres no other way to say this. Its over. Ive found a permanent escape from monotony. Together, we are perfectly balanced, our senses awake, our hearts racing as one. I know this is sudden, but they say if you love something. Set it free. See you around, giulia [phey dad. G] hey sweetie, how was your first week . Long. Itll get better. Im at the edward jones office, like sue suggested. Thanks for doing this, dad. So i thought it might be time to talk about a financial strategy. You mean pay him back . Knowing your future is about more than just you. So lets Start Talking about your longterm goals. Multiplied by 14,000 Financial Advisors, its a big deal. And its how edward jones makes sense of investing. At crowne plaza we know Business Travel isnt just business. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. This is my new alert system for whenever anything happens in the market. But thinkorswim already lets you create custom alerts for all the things that are important to you. I guess we dont need the kid anymore. Custom alerts on thinkorswim. Only at Td Ameritrade. But we have to pass the bill so that you can find out what is in it away from the fog of the controversy. Stuart maybe we shouldnt have done that, but who could forget nancy pelosi telling voters, youve got to pass obamacare to find out what is in it. Kathleen sebelius joins us now, former health and Human Services secretary under president obama. Maam, welcome to the program. Good to see you. Thanks, stuart. Good to be with you. Stuart you cannot be happy about whats going on. You are obamacare. You introduced it. You brought it in, and now its being wiped out. I know this is somewhat of a personal question, but you cant be happy right now. Well, actually, my family and i have great health coverage, we always have. Im now part of the medicare generation, and, you know, im in a singlepayer government plan which works, actually, extremely well. Im very worried about the 20 Million People who are now enjoying Health Benefits and Health Financial security that theyve never had before, and they are absolutely terrified about what is likely to happen to them and their families. Stuart are you, are you upset . I know this is a very personal question, but are you upset . Because you labored for years and years and years to get this thing going, and now its going to disappear. Well, i think were a long way from disappearing. Think what youre seeing right now is having made 51 voteses in the house, republican votes in the house, republican members are now grappling with what it is that they are going to do, how they are going to fulfill Donald Trumps Campaign Promises that everyone will have insurance, which he said over and over again, and it will be better and cheaper. Nothing in this bill meets those goals, and i think that thats why youre seeing a huge debate. Are they just going to wipe out insurance for 24 Million People, 14 million next year . Are they going to raise premiums . Are they going to go back to the old days where Insurance Companies could pick and choose who gets coverage . Take away benefits from people . I think they are grappling with the real issues that are life and death for many, many people. This isnt a basketball game, this is about Health Benefits. Stuart but you could say there is great difficulty in unwinding eight years of intense regulation and government involvement in health care. Thats never going to be easy. I have to ask you, why does the government have to be so involved . I mean, the launch of even just the web site wasa disaster. Why should we hand over any element of health care to the government . Well, stuart, maybe you havent been paying attention to how americans get their health coverage, but 70 million americans now are involved in medicaid programs, a federalstate Government Partnership offering insurance to lower income americans, to disabled americans stuart yeah, its out of control. 50 Million People are in medicare well, that is absolutely not true. Stuart its not sustainable. Both Government Programs stuart, both the Government Programs operate at a far lower cost than any of the private health plans, far lower administrative costs, Better Benefits and Lower Per Capita costs. So if we want to actually save money, having the government run everything might be the way to go. The president chose to try and have the private sector fill in this gap of individuals who purchase their own coverage and and make it look like the coverage that people [inaudible] when they work for an employer. Stuart is that basically the democrats Health Care Policy, single payer just like the British National Health Care Service or canadas system . Thats where you want to go . Clearly, its not. Clearly, its not. The president chose not to disrupt the millions stuart im asking about democrats. Is that where the democrats want to go . The democrats passed this bill. Clearly not. But if the private market cant sustain competition and offer Insurance Coverage to folks and if the republicans refuse to regulate the private market in a way that people will have Health Benefits regardless of their health conditions, then i think we will be in a situation where the private market will collapse. Stuart okay. We shall see. Kathleen sebelius, thank you very much for being with us today on a very important day. We appreciate it, maam, thank you. I was waiting for her to respond, im not quite sure, i think the secretary said thanks very much. [laughter] check that big board, we are now up 74 points on the Dow Jones Industrial average and, by the way, youre looking at financial stocks. Very nice rebound after yesterday. Yeah, as you can see, up more than 2 . Stuart weve been grappling with this, why has the market gone up . No specific reason. Its interesting sorry, go ahead. Im just saying i think the sum of all the parts, you know . The financial stocks, disney helping to push higher with bob iger getting a contract extension, and were seeing a nice i dont think this is related to health care at this point, because that still remains very uncertain. Goldman sachs moving higher, also watch this, the russell 2000 coming back now, and the russell was really hurting, those small caps that get hit by no reforms coming new because theyre domestic companies, they need tax reform. The russell is popping, theyre outpacing s p gains right now. Stuart have we got this breaking news . Yeah. Politico reporting that the u. S. State department will approve the permit for the Keystone Xl Oil pipeline by monday. Stuart by monday. By monday. So its on the fast track. Stuart oil is at 47 per barrel, and the Trans Corporation which makes it right there. Okay, a little confusion with all this news coming at us, and i still dont have the definitive word on the Obamacare Repeal votes that is probably going to come up later on today. Meetings in the white house about to start, the Freedom Caucus is there. This is last minute negotiations. And look whos here, after all, it is thursday, its Dan Henninger from the wall street journal, Deputy Editor of the editorial page. Dan, welcome to the program. Good to be with you. Stuart okay, where do we start here . I say [laughter] maybe youll want to disagree with me, i say better this bill, pass it, this bill must be passed, better that than a no vote today. Oh, i completely agree with that, stuart. I think a no vote is virtually unthinkable. I mean, that little green arrow pointing up on the stock market is going to turn beet red if they turn this bill down. I dont think theres any question about it, because it impacts the president s ability to get the tax reform bill through after this. Or even the infrastructure bill. Stuart with any sense of timing. With any sense of timing at all. So the question is, is the Freedom Caucus going to be the tail that wags the entire dog of the trump presidency. Is and one reason i think the markets are still up is no one can believe these guys are going to be responsible for handing such a monumental defeat to donald trump. Stuart how on earth would a congressman who says no to this and brings it down, how do you go back to your constituents many of whom voted for President Trump how on earth do you say, well, i did what you wanted me to do . I mean, how thats impossible to me. No. I mean, their names will be enshrined as the people who basically kept in place what Kathleen Sebelius was just describing, her president , president obamas, health care. Hell go back to the status quo ante if that happens. Theres no way theyre going to repeal this bill without anything to put ahead of it. There is no plan b. Stuart what have you you got, . We have the name of the london assailant, he was born in kent, most recently living in the west midlands. Hes had a range of prior quiks for assault convictions nor assault. Hes not been convicted for any terrorism offenses. Stuart but he was britishborn. Yes. Stuart he was born in kent, a southern county just outside of london. He was british born. I want to repeat what we told you earlier from germany. There we had the son of algerians whod emigrated to germany, the son was involved in terrorist activities, born in germany, german citizen. Hes out. Even though he was born in germany, hes out. Hes going back to algeria. Same with the son of a nigerian immigrant born in germany, involved in terror activities, hes out. Hes going back to nigeria. Thats whats happening there. New developments. Stuart ive got more on that in a second with nigel farage, but right now back the dan, whos still with us. Congressman peter king says hes 99 certain that President Trump was surveilled. Listen to this. Would i be wrong in saying that the Obama Administration surveilled the Trump Transition Team . I would say from all i know, youre at least 99. 5 accurate. And probably 100 . Stuart there you have it, Dan Henninger. Is the president vindicated, President Trump, is he vindicated . Well, i dont think hes completely vindicated on the idea that they wiretapped trump tower, but fbi director comey has admitted there was an investigation going on for at least eight months and that they were looking at foreign nationals, and devin nunes has said, they incidentally picked up intercepts of conversations with some of the members of the Trump Campaign and possibly mr. Trump himself. So i think were still in this hall of mirrors with no clear idea of who was doing what to whom. But its obvious that they have intercepted some sort of conversations involving members of the Trump Campaign team. Stuart and the president is going to take that as partial vindation. I think that wel i think he should take it as some. Theres something going on, and why are these investigative agencies running around listening to people, you know, making these investigations with no real guidance . Director comey and admiral rogers of the nsa did not make it clear what is the point of what theyre doing. What is the target, what is the goal. And think at some point somebody and it doesnt look like the house intention committee is going to be able to do it i would nominate the incoming Deputy Attorney general Rod Rosenstein to call these people in, get this ferrell on his material on his table and say what do you have, where are you going with this. Stuart i think the whole, i think our politics has been sidetracked by all of this. Absolutely. Stuart i got it, its important, but the rest is far more important. Plans to grow the economy, return to prosperity, the stock market rally, the tax cuts coming and the Obamacare Vote thats probably going to take place today. Weve been sidetracked from all of that. Thats important. And something bad is going on here. I think Public Confidence in the Intelligence Community is being seriously damaged by this, and we need a good Intelligence Community, and they themselves are bringing this lack of credibility on to themselves with this openended investigation that seems to be leading nowhere. Stuart we need Dan Henninger on a thursday morn being on Varney Company. Youre all right. Thank you very much, sir. Totally different subject but which weve expounded upon many, many times in this program, that repail ice age. Clearly, the Retail Industry is being significantly challenged. Jc penny, macys both downsizing. Sears, kmart, they say they cant survive. Maybe they cant survive. Payless shoe store going bankrupt. Joining us now is matt shea, National Retail federations ceo. Welcome to the program. Thank you, stuart. Nice to be with you. Stuart so now youre going to go into a meeting with President Trump, and this is all about the border tax. The border tax is the last thing any retailer wants, and youve already got these other problems on your plate. Are you in a crisis . Id say were in a period of Rapid Transformation and serious evolution. I saw a chart this week that showed that the public announcements of store closings just from the first of this year are close to 4,000 stores being closed. If you add all these up, close to 40 or 50,000 people. Thats substantial, and i think it represents the Rapid Digital transformation, the impact of technology thats happening, changing consumer preferences. I think we have to put that in a context though. The Retail Industrys the largest private sector employer in the United States, employs 42 million americans, 2. 6 million retail establish9ments. What were hearing is noteworthy and substantial, and its important we find ways to take care of those people, repurpose the real estate, keep those businesses ongoing if it can be salvaged. I think we have to put it in perspective stuart but you are going to go to President Trump, i think its today, right . Well, the Health Care Meeting is today, and then weve got some folks in town Walking Around on capitol hill, various other places stuart and youre going to put it straightforward to the president , dont, please, give us retailers a border tax, because its going to kill us. Youre going to say that. We will say that. This is bad for consumers,ed bad for the economy, bad for the people that voted for the president and for those republican members of the house and senate. They didnt vote for a tax increase. This is a 1 trillion increase in taxes on consumers in this country on everything they buy, automobiles, gasoline, drug, clothes, food, everything they buy is going to cost more. And i think the most, the biggest myth about this is that we need border adjust arement tax to do tax reform. We do not. In fact, the Tax Foundation which has scored this and supports if overall tax reform plan has said the border adjustment tax component is antigrowth. Its the other components that are brogrowth progrowth. We do not need border adjustment tax to get a tax bill done, and we shouldnt let anyone tell us that. Stuart matt shea, youll put your case forcefully, im sure of that. Will do. Stuart thanks for being with us. I want to get a back to the terror attack right outside the British Parliament building yesterday in london. Look whos here. Nigel farage joins us right now. First off, its 24 hours since that attack took place. What is the mood of the british people right now . Well, in a sense, i mean, london is remarkably calm, you know . People put up with this stuff. They get on with their lives. They dont want the terrorists to win. But i would say this to you, weve had speeches today from all the leading mainstream political figures. Weve had a lot said on, you know, our traditional liberal media, and theyre all saying the country is more united than its ever been. Well, in one way, yes, people are getting on with their lives, but i actually genuinely believe that we are reaching a point in this country and, indeed, in many other countries in europe, you know, belgium, france or germany where were beginning to ask questions, all of us, you know . Why has this been allowed to happen . Why when anybody talks about being strict about immigration are we met with protest in the street . Why have we not dealt with multiculturalism and division in our societies . And i really think a lot of people are now saying, actually, its these politicians that have caused this problem in the first place. Stuart nigel, im reading between the lines, and what im hearing is that the british people and europeans in general are beginning to question muslim immigration. And i think there are some quarters which say stop it, all of it, right now. Am i right . Oh, no, youre right. There was a big piece of research by Chatham House, an independent institute in this city, and they went to ten of the biggest european countries, and seven out of ten by clear majorities wanted the end all muslim immigration immediately on the basis we already have a problem with homegrown terrorism, why on earth would you add to it by bringing people in, you know, from afghanistan or syria or pakistan or whenevet have the ability we dont have the ability to vet them . Public attitudes are hardening. I sense the gulf between politicians, liberal media and genuine Public Opinion on this question has probably never been wider. Stuart ive seen some video from london, from the yesterday where people in the street are shouting or what are you doing here, why are you in my country. That suggests to me that youre pretty close to a boiling point. Are we . Be. Yes, and that worries me hugely. And it worries me because, you know, any opinion poll will show you that 80 of the three million muslims living in britain actually want to integrate, want their kids to play football in the street with the other kids in the street, and my fear is that the public having virtually given up on our politician ands perhaps even our Police Forces in dealing with this start to take things into their own hands. And the ultimate disaster would be that we alienate the 80 of people, you know, muslim people. Weve got to try and get them on our side. But, i mean, look, you know, weve turned a blind eye to mass Sexual Exploitation in the north of england, weve completely turned a blind eye to the fact that there are muslim communities in our cities where no one speaks english. There is a lot to be done and real questions being asked about our leadership. Stuart nigel farage, thank you for joining us. See you again soon. The president , by the way, President Trump meeting right now with the Freedom Caucus in the white house. Thats going on as we speak. Next up former hhs deputy secretary and former lullly usa president alex azar. Hes got a lot to say about health care. Im nicole petallides. After five days of selling in the dow, it could have been six. Were up 75 points led by financials, also the russell, these are some areas that have been beaten down as we focus on the Health Care Bill. Heres a look at some of the winners and losers on the dow up 73 points right now, the s p 500 is up 8. Nike, goldman sachs, dont forget nike had numbers yesterday but bouncing back some. Cocacola, intel, new home sales were revised higher, the Home Builders are higher along with this. Disney extended bob igers contract to july of 2019, and you can see disney at 112. 67. Pbh, thats the parent of calvin klein, Tommy Hilfiger, a great outlook, and that is a winner, up 8. 5 . Start it here on fox business, fbn a. M. , Lauren Simonetti and i will see you there. If you cant get phase one through, do you think phase twos going to happen, phase threes going to happen . Stuart look, its up to you to fix because policy. No, its not. Im just explaining all the Different Things members of congress are looking at right now. I respectfully but very strongly disagree with you. Stuart come to that point now, ladies and gentlemen, and vote yes now well, it might not happen, it might not happen on stuart varneys timeline stuart im becoming the the most unpopular guy on this entire program. May i restate my position at risk of being again . Stuart yes, again. [laughter] i say get the deal done, do it now, vote yes because that is much better than a no vote. Youre still arguing . I agree with you. Were with you. Stuart yes. They tweaked obamacare after the fact. Stuart just get it done. The repercussions of a no vote are catastrophic, in my opinion. Why dont we bring in foreman health and Human Services deputy secretary and former lily usa president alex azar are. All right, alex, am i right or am i right . [laughter] a vote yes is better than a vote no . I agree with you, stuart, actually. I think that once they get the votes here, they ought to pass this and get it over to the senate where the real action is going to happen. I honestly dont know what a lot of the concerns are about from the Freedom Caucus at this point. This is, from a conservative free market perspective, this repeal legislation is quite bold. The changes to medicaid are historic. Stuart yes. The tax repeals are mammoth. And this is a starting point. This is not the end. Any vote today or tomorrow is not the end. It goes to the senate, and theyve got to get to 50 votes there. So im not sure why one delays the recipe is here, this is an excellent free market, conservative approach to health care that i think we ought to get on with and see what can be done in the senate. Stuart i think the conservatives have established a very strong negotiating position. Theyve got a great deal of leverage because theyre the ones who are standing in the way of a yes vote. Theyve got most to gain from the horse trading to get them to vote yes. So out may be im not going to say posturing, im going to say a good negotiating tactic to hold out til the very last minute. I think thats whats going on. What to you say . But you know, stuart . To my friends in the Freedom Caucus, i would caution be careful about the rhetoric because this legislation, when it does pass the house, is as conservative as it will ever be, because itll come out of the house, and it will not get more conservative or more free market in the United States senate. To get to 50 votes, Mitch Mcconnell is going to be working to make deals with individual senators to appease their concerns, and they are going to have more money in medicaid, more money in subsidies, more that way than something passes, its going to come back over to the house, and then its going to be mustpass kind of legislation, and theyre going to a lot of people, thats what legislation is, leftright. Youre gone to be holding your nose voting for things that are 80 20, but youll have had your relate are rick about how god awful the obamacarelite legislation is, and it is not that. Stuart you were deputy secretary at hhs. You know whats going on here. Yes. Stuart am i right in saying that the health and Human Services secretary, tom price, he can make changes to obamacare and make changes to the whole Health Care System in phase two . Thatthatthat is easily done, yot have to go through congress. The health and Human Services secretary can do it phase two, am i right . You are absolutely right. I was with secretary price last week, and let me assure you he is very focused on the fact that obamacare grants him over 1400 statutory discretionary authorities. And he intendses to use as many of those as possible in phase two. Stuart its fascinating. Alex, thank you very much, indeed, for applying your expertise with us today, and thanks for agreeing with me. Youre all right. [laughter] thank you, stuart. Stuart yes, sir. Youll be back. Thank you, sir. [laughter] oh, check this out, this is the first look inside a hyperloop transportation capsule. Wow. Stuart kind of like the jetsons. [laughter] more on this, believe me. Stuart were told this is the first look inside the hyperloop transportation sap call from hyperloop capsule from hype hollywood technologies. This first capsule set to be officially unveiled fully in 2018. Theres a pod, you can see it on the lefthand side, thats all weve got. Its a pod, it will hold 2840 passengers and will travel at 720 miles per hour. Thats pretty quick. Stuart i dont get that, you are heart goes g force, the whole thing. These are vacuumsealed to pods which im presuming will prevent your lungsfrommenedding up in your end up in your ears if you go at these speeds. To your point stuart does that work . You dont feel the g force . Right. They certainly hope so. Youre surrounded by a cushion of air. Theyre saying london to edinburgh in a half hour or San Francisco to l. A. In half hour. Stuart ill believe it when i see it, but they wont let you see this stuff going by outside. Of cozy farm animals and Rolling Hills that are slowed down so your eyes dont to go crazy. Stuart can you put me down as a skeptic . Oh, i think we know stuart ffl ratings low, theyre doing something about it. I think theyre going to cut down the number of commercials . Those are just going to try and speed up the game itself, therell be a time clock, one of the suggestions, a time clock after the extra point is made. In other words, you cant just lollly gag about. Football is so much of people just Walking Around, to theyll take a commercial break. Soccer, is it . Soccer is nonstop stuart thank you, ashley. Im glad you pointed that out. Anything else . Because i hear that argument all the time. Look, theyre going to cut down commercials. However, commercials provide a lot of money to the nfl, so i dont know whether they will probably make changes to the game rather than mess too much with the commercials. I see how much soccer means to the heart of i you two brits, and i will never touch it again. [laughter] stuart i have some Important Information for our viewers. Sales at conagra [laughter] oh, no. [laughter] stuart they make chef boy with around dee pasta, Orville Redenbachers popcorn. I dont know what happened, it doesnt say on the prompter. Just the sale of conagra. The stock is up 20 cents. Very important. [laughter] sales are are down, im reliably informed, but the stock is up. Nike down big yesterday after reporting weak sales, back up 2 today, 55 on nike as we speak. I promise you, more varney after this. [laughter] yes . Please repeat the objective. Thrivent mutual funds. Managed by humans, not robots. Before investing, carefully read and consider fund objectives, risks, charges and expenses in the prospectus at thriventfunds. Com. Ifover time it canr fromlead to cavities and bad breath. Thats why there is biotene, the 1 dry mouth brand recommended by dentists. Biotene. For people who suffer from a dry mouth. At angies list, we believe there are certain things you can count on, like a tired dog is a good dog. [ dog barking, crashing ] so when you need a dog walker or a handyman, we can help you find the right person for the job. Discover all the ways we can help at angies list. Stuart 60 seconds left on this program. Favorite story. Ashley webster. Ashley for the love of pod, just pass it. Deal with the details later. A little pillow syesque. You know what having no deal is worse than a bad deal. Stuart thank you. Were in full agreement. You need to he relax. Stuart even if i went off on something. Stuart lighten itup, lizzie. The 3yearold girl who pulled skullcap off the pope. That was percent day in rome zuketti. Neil cavuto. You got that . Stuart im so sure this little girl now is going to hell. Didnt you fool that. Of all people, who are you doing that too . Thank you, my friend. Were following up on this and whether we get a health care rework to your point, stuart. Everyone is focused on the ends justifying the means. Even if it perfect better than it was. Republicans are being urged to go along and kind of shut up on this one. Obviously whatever dealmaking, late night arrangements to make this more acceptable to folks the fact of the matter is right now it is essentially what the Republican Party was dealing with prior