Transcripts For FBC Varney Company 20170427

Doubled the debt in the obama years. And the New York Times calls it a comic tax cut and give away to the wealthy, perhaps those rich democrats will give back their tax cuts. Im waiting. All of that is politics. Lets get to your money. Google, microsoft, amazon, three of the fabulous five. They will announce their Financial Results today, very important stuff. How they do will make a big difference to your 401 k , which is already doing very well indeed. Overall, the dow starts out this morning, just 140 points from its alltime high. It will go up just a little bit more at the opening bell today. Were very glad youre watching and listening on satellite radio, this is going to be fun. Varney company is about to begin. Well take a look at what theyre proposing, but i can tell you this, if the president s plan is to give a massive tax break to the very wealthy in this country, a plan that will benefit people and businesses like President Trump, that wont pass muster with we democrats. Stuart thats Charles Schumer already slamming the president s tax plan. Come in pete ross, republican from illinois. He sits on the tax writing committee. A give away to the rich. How do you respond to that, sir . I think its complete nonsense. I think its a predictable play book, sort of passiveaggressive coming from the Democratic Senate leader. If you look at this tax plan, this is a tax break for middle class americans, for job creators, everybody up and down the spectrum. Their capacity it mischaracterize or ercharacterize is political fodder. Stuart the other crism, there are several. The big one, it runs up the defic deficit. Will you respond to that . We have to have discussion on that. We need a tax code thats permanent. We dont want to turn this into a big tax extender every ten years. The idea is permanence brings mo are growth because it brings more redi predictability. Theres a blueprint to do that, but this is a faultline thats developing essentially. I come from the state of illinois which is an example of what not to do in terms of debt. Avoidance behavior is what not to do. Lets not take 20 trillion and pile on morement lets go for permanence and make choices. Its good news that the trump team has could many in with this proposal. Is your government or constituents watching in . An example of what not to do . My governor is it the one basically telling the rest of the world and hes trying to lead the way out of it. The point is, that this is the state of illinois is really under tremendous pressure, and its all based on avoidance behavior. Putting off tough choices in the past and lets not do that on a federal level. Stuart i want to zero in on what i think is the most important thing for Middle America and thats the 15 top tax rate for subchapter s, mom and pop operations. I dont know what the final deal will be when it emerges from the senate. Can you guarantee, really push hard and say, were going to get that 15 top tax rate for pass through returns . Well, theres two things that are happening. The first is a recognition for the First Time Ever that passed through entities need to be treated differently. That is subchapter s and llcs and so forth. Weve got to treat that business income separately and the separate thing is get that rate as low as it can. A house proposal 25 , and the president 15. And these are dials to adjust, but remember, lets push for growth, simplicity, and so that the tax base doesnt erode. Stuart congressman, we heard you despite the background noise, maybe that was some other network talking away. But youre welcome on fox business any day of the week. Thank you, stuart. Stuart lets bring in fox news contributor, scott martin. Do the markets like the tax plan we saw yesterday . Theyre going to love it. This is great. Remember the markets the last few weeks, we were kind of getting a doubt that taxes were going through and health care was stalling. It started pressuring the markets, the markets started feeling heaviment now the administration is coming through on promise that went all the way back to the campaign trail that boosted the markets to begin with. Seeing follow through and a great plan. I always kind of make fun of the words that trump uses, disaster, phenomenal. Hes right, this is a phenomenal tax plan, hes delivered again. Stuart do you need some more coffee . I left it in the green room and leff the room, come back and the cup is half gone and its a different color. Stuart well, brenberg is with us. [laughter] there he is . Stuart the market likes it. And were up 10, 20 points at the opening bell. Thats great for the individual investor because its not like the market just took off on you in the last couple of days. You have a chance, if youve been keeping cash on the side line, while youve been doing that, and watching the show and the fab five leaders theyve been doing great. If you have that cash mr. And mr. Investor this is your chance. Stuart you think this is the second leg of the trump rally . Absolutely. Stuart lets bring in, scott, im interesting what happens if the same thing that happens with the tax plan and the health care. And the conservatives who say we cant blow up the budget. Thats the scary thing. Are they going to blow that again . You saw the comments yesterday from cohn. Weve worked on this and laid out plan. If they blow this one, then, its like, you fooled me twice, now im done. Stuart and the market will be for sure. And now lets bring in the aforementioned brian brenberg, happens to be a finance professor at Kings College in new york. Lets assume this is about ut in place or something similar, what kind of growth . Half of a percent growth once its in. Stuart thats it . Connell . Tax foundation higher. Theyre talking no, theyre not and what rate of growth if we get to tax plan. It will level up over a period of years. With the tax plan alone 2. 4, 2. 5 growth. A good start. Lets add the Regulatory Reform on top of it, add Health Care Reform on top of it. Stuart wait, wait, the question was about tax cuts. You dont think that tax cuts will contribute 1, 2, 3 extra Percentage Points to the economy . You dont think that . No. Stuart and. 2 , thats it . Were cutting the Corporate Tax rate, come on. And the world at 15 , come on. 1 2 a percent is a big deal when you cut taxes on top of what weve got now, thats a great start, but it cant you cant live in fantasy land. Stuart i agree. Thats all disappointing. Stuart its disappointing. Hold on a second, elizabeth, come in, please, who says its a better growth rate. Liz Tax Foundation says 3 growth. Thats more like it. Liz annually and could be 4 if you get obamacare in there. Right now we have serious issues, and you see paul ryan, on hardball. And no subsidies to the exchanges. The collapse is coming. Two things are going to happen, obamacare reform and tax reform, that means the economy pops. Stuart im going to leave it at that for now. We have another two hours and 50 minutes to go. Liz that was fun. And brenberg, you Better Change your forecast. There you go, brenberg. Its going to be wonderful. Stuart watch this, please, the market will open higher today. 20odd points up. Thats the dow. S p up, and look at that nasdaq, that will be up another 12 points. Individual stocks, here we go. Ford motor company, they did better than wall street thought they would do. Strong demand for the heavy duty trucks apparently and that stock is up six cents, thats it. Not much of a mover. Stuart under amour posted the first ever loss, sluggish performer, however, they did better than expected. Here are the expectations again, for heavens sake. The stock is up 1. 6 . 20 bucks a share that one. Weight watchers, popped yesterday, after announcing that Mindy Grossman would be the companys new chief starting in july. Grossman is the current ceo of Home Shopping network, premarket, its up another 7 this morning. Big tech names, at or near alltime highs, they will be reporting profits today. That will be alphabet, amazon and microsoft, all of those three stocks are up premarket. Well have more details on the big three, part of the big five, later on the show. How about this one . Watch out for the cameras, theyre everywhere. A restroom emergency leads to a passenger being removed from a delta flight. Roll tape. Help me understand why . I need more information, sir. I havent done anything, ive paid for the ticket and i actually have to get home okay, that was the tape, i think we need the full story taken as it happened. Ashley you couldnt make out whats going on there. The a 39yearold from milwaukee, on a delta flight headed home to milwaukee. The flight was on the tarmac for an hour and a half. Thats a long time, a delay. He goes says to the flight attendant, ive got to go to the bathroom. She says im sorry you cant, were third in line to take off, he says okay, 30 goes by and he says ive got an emergency. And he said sorry, folks, due to a problem in the cabin, were going back to the gate, they had agents waiting to the guy and he explained what happened, are you kidding me, and left. He was not charged. Delta put out a statement, saying, look, where are we . Our flight crew is extensively trained, especially at the critical points of takeoff and landin all passengers have to obey instructions, c you imagine beinon the tarmac for two hours, busting to go to the bathroom and comes appoints of no return, oh, my goodness. Stuart got to go. Ann coulter canceling her speech at uc berkeley, she says the university couldnt protect her or the students. She calls it a sad day for free speech. More on that. Environmental regulation going wild, land owners unable to get permits and some forced to give up their property because of a gopher, a special hf on their land. Caddyshack. And warming up to the second draft of the president S Health Care bill . Congressman Louie Gohmert says a vote can come tomorrow. More varney after this. Your parents have been talking about you for years. Sorry about that. Theyre all about me saving for a house, or starting a college fund for my son. Actually, i want to know what youre thinking. Have a seat. Knowing that the most important goals are yours. Multiplied by 14,000 financial advisors, its a big deal. And its how edward jones makes sense of investing. Try new Flonase Sensimistgies. Instead of allergy pills. It delivers a gentle mist to help block six key inflammatory substances. Most allergy pills only block one. New Flonase Sensimist. Congressman Louie Gohmert, Freedom Caucus guy on fox and friends, Fox News Channel first thing this morning, he said there will be a vote on health care friday. Oh, roll tape. The rules committee met last night to make sure that theyve got the bill done before midnight, which opens the possibility of having a vote on friday. Stuart okay. Opens the possibility of having a vote on friday. The gentleman joining us now is health and human secretary tom price. Friday, mr. Secretary . Friday . Doable . Hey, stuart, good to be with you again. I think so. The president has done a masterful job setting the table for Health Care Reform and i couldnt be more proud of the work that hes done and i can tell you my former colleagues in the house have done a great job trying to pull people together to make sure were moving in a better direction, understanding where we are right now in the Health Care System is not helpful for patients in the individual small market. Increasing prices and deductibles, this is the next step and im proud of what he is going on. Stuart would you say that the action and activity of the Freedom Caucus has made the bill better, pulled it in a certain direction . Is it better now . Anytime you can get more individuals supportive of pa piece of legislation, by and large that means a better product. Were moving in a good direction and look forward getting it through the senate. The president and his team and here at health and Human Services putting on the president s desk, patients, and doctors are running the show and not the federal government. Stuart when it gets to the president s desk and is signed. What happens to the people who get their Health Insurance through the exchanges right now . Yeah, this is the good news because the goal of all of this is to make certain that nobody falls through the cracks. That we make certain that individuals are able to collect the Health Coverage they want for themselves and for their family, know that the Government Forces them to buy. A system responsive to patients, not just to government. Thats the kind of goals that we have and im so pleased that what is moving through congress right now is a bill that will accomplish the president s goals in this area. Stuart sir, id like to get back to where weve started from. Weve heard so many times, were very close. Its real, its going to happen, its going to happen really soon. Will it happen friday or saturday . Repeat it, please . Well, i dont know the answer to that. The question is, that when the speaker will bring the bill to the floor and im certain that he will bring to the floor when he has the votes to be able to pass the bill. What weve seen the last two to three weeks is really a more collaborative efforts internally within the congress of the United States and thats what i believe is going to result in an opportunity to have us move a piece of legislation forward. Stuart can you tell me, have you got 212 . 213 . 215 votes now or what . No, as secretary of health and Human Services our job is to administrate that bill and thats the job of the whip and speaker and theyre doing that now. Im so proud of what the president has done to set the table for what will be put in place, a patientcentered elk had system that puts patients in charge not the federal government. Stuart mr. Secretary, i know youve been working 24 7 and appreciate you taking time out to be with us this morning. Thank you, stuart, take care. Stuart yes, sir. How about this . Congress woman Maxine Waters, democrat, california, reportedly using Campaign Funds to pay her daughters salary. Were talking hundreds of thousands of dollars. More details on that coming up for you. Tech on a tear. Amazon, google, microsoft. Were going to find out how much money these guys have been making. Well find out today. The question, is there anything that could slow down these stocks . Were on it. Predictable. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Whats the most important numbers of the day . Ill tell you, amazon, alphabet and microsoft, they report their profit numbers after the bell today. All three are near alltime highs. Brian and scott martin with us scott martin, to you first. Have you ever seen anything like the fabulous five . This is special times, stuart. Its so funny when you look at the overall market, the s p and the nasdaq, tech heavy. You look at the names and fab five that you mentioned. Look at the contribution to the market. Theyre so big because they fit in our lives. Think how many times a day you touch amazon, microsoft and google. It sounds kind of gross, but theyre all over the place. Stuart the fabulous five as we call them account for 40 of the nasdaqs gain and s p is not quite as much. Theres more stocks there. Liz a third of the gain. When you invest money, go with the Big Companies, the cash flow positive, heavy Balance Sheet companies, those are the leaders. Stuart yeah, look at that, microsoft, amazon, apple, theyre all up, thats premarket theyre up. Theyre dominating the market in ways we havent seen. Amazon is capturing the online sales growth and google and advertising growth. Destroying and disrupting spaces competitors didnt know they were competing with amazon, google, facebook. And they dont know what the upside is here, they dont know where it begins and ends and thats whats driving, the fundamental shifts in industries. Ashley is it good for the economy, all of this in a few companies, what about job growth . And were coming up, a couple of points to make. The three of the fabulous five, apple, microsoft and google hold nearly a half trillion dollars in cash. Thats financial clout any way you slice it. In four minutes well be opening the market and dow will go up a little. Were only appoints point away from the all time high. Back in a minute. Stuart well, this is going to be an exciting day, ladies and gentlemen. Weve got ten we seconds to go before we actually start trading. Were expecting a modest, modest gain right at the opening bell. Here we go, 9 30 eastern time. Were off and running, up 9 right from the get go. Some green on the lefthand side of your screen, were very close to 21,000 again, ladies and gentlemen. How about that nasdaq . Lets have a look at that. Now, were holding, i believe, well above the 6,000 mark. There you go, up another 13 points,. 2 . Okay, doesnt sound like much, but 6,038 is a big deal. Can you put the dow back on again, please . Put the big board back on to, please. Were about to hit 21,000, i think. Well, we were. [laughter] behold, the jinx. [laughter] i shouldnt have said a word. Its going, its going. Come on, sports gaps. Hey, scott martin, are you some type of trader . [laughter] lets get on with it. All right. Whilst we wait, lets move on to amazon, alphabet and microsoft. Remember, please, they report their profits after the opening bell. Im showing you mcdonalds because its at another alltime high. There is news on mcdonalds. Well get to it in a moment, but alltime high, 141, mcdonalds. How about Weight Watchers . It has announced that Mindy Grossman would be the companys new chief starting in july. The market likes it. Ms. Grossman is currently is the ceo of Home Shopping network, and its up another 6 on Weight Watchers. Listen to this from the ford motor company. Profit down 35 compared to a year ago. It took a hit from safety recall expenses, higher costs as well. Weaker sales in the u. S. Market. And its up. [laughter] stuart its up five cents, okay. 20,999 on the dow, bottom righthand corner of your screen, come on. Im trying. I am trying. Were almost there. All right, whos with us . Who is going to be a commentator as we hit 21,000 . [laughter] ashley webster, elizabeth macdonald, brian men burg and scott martin. The president is doing what he said he would do. I say the growth agenda is back on track. Scott martin, to you. Will this mark the second leg of the trump rally . This is the precipice. This is the next step in the market wave as far as the rally comes. And as i was telling superman i mean, brenberg in the green room [laughter] this is going to unlock Economic Growth we havent seen for the last eight years under the Obama Administration who promised all this help for the middle class, all these great business climates that we never saw. You saw Small Business sentiment fall, Small Business formation fall during the end of the Obama Administration. This is going to bring back the Small Business and bring back Economic Growth. Yeah. To that point, dropping that rate for Small Businesses to 15 drives that rate lower than canada and mexico. It makes the u. S. , basically, a safe haven for investment to pour into the Small Business sector. Stuart theres one thing weve not yet seen, brian, or that is this promised or suggested much, much lower tax rate for repatriated profits. Yep. Stuart theres 2 trillion setting offshore, and if you get a portion of that, doesnt that mean growth . They havent given the rate that theyre talking about yet. Theyre also talking about a territorial tax. Thats great for u. S. Businesses. Remember weve been talking about all these inversions over the past few years where companies leave the u. S. This change changes that. Thats good for u. S. Workers and the economy. Stuart all right. Im going to move on to amazon. Theres always a story about amazon. Actually, i have two for you today. First of all, they are about to surpass costco on membership numbers. Yeah. Stuart 80 million amazon prime, 88 million cardholding costco customers. Wow. Stuart this is why we talk about amazon every day. Yeah. Amazon is really driving this story because its delivering things like groceries to the home. Costco is trying to step in with 50 cities possibly seeing Costco Grocery deliveries by the end of the year. However, it will pressure costcos profit margins. Amazon has a buildout delivery network, its faster and better than costco right now. Brian, i i say amazon is the ultimate country costco has a membership for shopping, amazon has one for your whole life, including entertainment. Stuart okay, i did promise two stories about amazon. Elizabeth, what have you got . All right, there are about ten million amazon alexa devices out there. One guy says he sees within the next five years 100 million alexaenabled devices in the market. Already one out of seven u. S. Households have an amazon prime membership. Stuart lets remind everybody alexa is the little thing that sits in your home. You talk to it, it talks back. Ask it questions, it answers questions and does a whole lot more. Yeah. Stuart 100 Million Units maybe in five heres why. Amazon opened up to third party developers, you come in with your apps and make it better. Stuart i dont have an app. There should be a varney app. Stuart there should be. More big tech names, here we go. Google and facebook account for nearly all of the growth in digital ads. Thats why the moneys pouring in. Thats where peoples eyeballs are, thats where advertisers want to be. Its no surprise here. Stuart facebook, one person on this network, on this program said it would be the first trillion dollar company. It definitely could be, stuart. If you look at facebook and looked at how it ties into everyones daily life, look at the mobile ad growth over the last year or two. Its been unbelievable. And the thing i love about facebook, v. R. , Virtual Reality. Thats the next step. Its a few years off, but thats the thing that could take it to a trillion. Stuart disagree, disagree you dont like Vice President r. . Stuart it was supposed to be the next big thing, and it didnt work. Its in process. It is a little bit unnerving, but theyre going to fix it. Theyre going to make it better. Its going to happen, im telling you. In a couple years youre going to be, like, i thought scott martin was crazy. Stuart decaf for you. Elizabeth should they sell it with dramamine pills . Stuart there you go. Oh, you know, we retreated from 21,000. Didnt quite make it. Thats brian brenberg. Dont blame it on me. [laughter] stuart higher profit and revenue at paypal, and its buying back as much as 5 billion worth of its own stock. Not surprising, the stock is up 6 , 47 on paypal. More money coming in at raytheon helped by higher sales in its division that makes the tomahawk Cruise Missile and Electronic Warfare systems. That stock up a solid 2, 157. Better profit at comcast, thats the company it added video subscribers, making money with movies as well. 50 shades darker and get out. It is the Parent Company of Nbc Universal, and that stock is up 2. 5 this morning. American Airlines Defers delivery of airbus and boeing aircraft, deferred is the correct expression. Latest sign of an oversupply in the long haul airliner market. Down 3, that would be 7 . Thats quite a hit. Ive got news related to the dragging incident, lest we forget. United Airlines Says it will offer passengers up to 10,000 on overbooked flights. I applaud this i say overbook away. Ill be the first [laughter] going home today, i hope ill have ten grand in my pocket, think about all the fun well have. [laughter] stuart theyre making a market in overbook, which is exactly what they should have done. Instead of being dragged off a plane, people can choose imagine how good thatll be for p. R. , when people are happy about getting bumped off a flight. Stuart American Airlines is down 7 , uniteds backed off by 2. 5 . I dont know whats going on in the airline sec for, but theyre not doing well southwest missed on earnings stuart oh, thats it . And southwest is down 2. 5 . Look at the rest of them. Theres a lot of uncertainty from a regulatory standpoint. When washington starts to want to get involved, that raises red flags. Stuart the if youve really got competition, that would really hurt their stock, but it would help all of us. It would. Stuart there you go. Now, heres another story on mcdonalds. Their chief says there is a new role at the company for theyre not going to be called counterhands any longer, theyre going to bees Hospitality Service people. What theyre talking about is moving people from behind the counter to assisting people ordering at kiosks, assisting people ordering on their devices, maybe bringing the food to the Mcdonalds Restaurant tables. So this is a way to drive costs down and to get, use your labor force in morefect i ways effective ways. Stuart thats why its gone to 141 a share, trying to move with the times. Yeah. Stuart got it. Consumer reports has lowered its rating on teslas model s and model x because it had not enabled them with an automatic emergency braking safety feature. Tesla had said it would come as standard. Company shares are still near the alltime high at 311 a share, so it didnt really hurt them. Do you have any comment on tesla . Well, we talked about tesla a lot over the last few months, stuart9. Right here its a little expensive, ill be honest, but youre getting a Technology Company as well. Its not just a car company. And youre getting the guy that shares a birthday with me, elon musk, ceo, june 28th. He is the brain that youre buying, and thats worth it. Stuart do you own it . I do. Stuart would you buy more . Not right here. Its a little bit expensive. Our clients own it, our firm owns it, i own it permitly. Its rallied heard this year. Stuart okay. We have to call it quits for brian and scott. Say it aint so. Stuart im sorry you couldnt help us get to 21,000. [laughter] youll never be on the show ill take responsibility. Stuart all right. Im sorry, superman. Cant do everything. Stuart check it right now, were up six points. Im going to call that a flat open to the market despite the live action presidency and all that weve seen. The trump administrati says the president is willinto sign a budget without fuing for the border wall. Question how much does illegal immigration cost us . Were going to tell you. And its a victory for the left, conservative commentator ann coulter cancels her speech at berkeley. The university couldnt guarantee her safety. She says its a sad day for free speech, and shes right. More varney after this. Stuart this is interesting, breaking news on the repeal of obamacare. The latest, please. Well, in order to go to that vote possibly tomorrow, they need to make some rule changes, and so there is word from the white house there could be a house vote on rules regarding Obamacare Repeal and replace, and that would happen today. If they get through that hurdle, it sets up possibly going through with a vote in the house tomorrow. Stuart without getting too weedy, that sets up a vote, and it could be tomorrow yes. Stuart on repealing obamacare. Thats a big deal. The whole 100day deadline is very much in their minds. Stuart yep. All of those Health Insurers on the upside. Check the big board, we were down momentarily, now were up 12, just shy of 21,000. Fifteen minutes from now or thereabouts the households a hearing on the cost of illegal immigration and the benefits that a border wall could provide. Come on in, please, brandon judd, active Border Patrol agent and Border Patrol union. Lets deal with that side of the equation first please, brandon. How much in your estimation, which youre going to tell the committee, how much does illegal immigration cost us . Oh, i believe it costs the taxpayers a couple billion dollars per year at a minimum. I think if you build the wall, although the wall will be expensive, the benefits to the American Public is going to be huge because then we dont have to pay for all the benefits that we give the people that are here in the United States illegally. Stuart are you testifying on how much illegal immigration costs today . Thats your testimony today . No, no. My testimony is going to be based upon the effectiveness of a wall and how if we build a wall, we can control illegal immigration on the southwest border. Stuart okay. And you guys are really for it, i take it. You want that wall, correct . We are. We know that, we know that its needed. I worked in the busiest sector in the history of the Border Patrol, and i worked there when we didnt have any sort of vehicle barriers, pedestrian barriers, and when we started building those barriers, it allowed us to be a lot more effective. So yes, of course, as a Border Patrol agent, i can personally tell you how effective a wall will be. Stuart now, we havent started building the wall yet. And already we are told that illegal immigration coming across that border is down about 60, 67 , i heard. Can you confirm that . It is, it is down, but thats based upon the promises that President Trump has issued that hes going to enforce the laws. All you have to do is look at it. If we enforce the laws the way Congress Passed them, well be able to exponentially drop the number of people that cross the border illegally, and thats exactly what President Trump has done. And, frankly, he needs to be given kudos for that whether youre on the left or the right. If youre a fan of border security, what President Trump has done is absolutely amazing. Stuart i want you to listen to what rnc chair rona romney mcdaniels said about building that wall. Listen, please, and roll tape. I know that our voters are going to hold us accountable in 2018 if we do not keep the Campaign Promises that were made. If we dont keep our promises, our base is going to walk away, and theyre going to feel like, hey, you said one thing on the campaign trail to get elected, and then you didnt act on it. Stuart brandon, it is a political question. If the border wall is not built, if the republicans cant do it, i take it that thats a you and your union, you walk away from the Republican Party . Well be very upset. Youve got to remember that when i gave the endorsement to President Trump, that endorsement was mentioned in every single Major Campaign speech that he gave. And it was, and his meteoric rise was based upon his immigration stances, and we want to see promises kept. Why continue to vote for people if they dont keep the promises that they made on the campaign trail . Stuart i have to throw this at you. The left is saying that a wall is, essentially, racist. Your reaction, please. The democrats voted to fund the exact same thing as what a wall is. The fencing that we have on the border right now, that was bipartisan. But now because were going to call it a wall, now its racist . That makes absolutely no sense. This is about border security, and we need to stop politicizing the issue. Stuart brandon judd, thank you very much, indeed, for joining us. Stuart, thank you, appreciate it. Stuart check that market. Were about 20,989, and its kind o even stephen beeen winners in green, losers in red. And we have this for you. Ann coulter canceled her speech at berkeley. The threat of violence from the left just too great. The university couldnt protect her. Judge Andrew Napolitano on that next. Theres nothing more important than your health. So if youre on medicare or will be soon, you may want more than parts a and b heres why. Medicare only covers about 80 of your part b medical expenses. The rest is up to you. You might want to consider an aarp Medicare Supplement insurance plan, insured by unitedhealthcare Insurance Company. Like any Medicare Supplement insurance plan, these help pick up some of what medicare doesnt pay. And, these plans let you choose any doctor or hospital that accepts medicare patients. You could stay with the doctor or specialist you trust. Or go with someone new. Youre not stuck in a network. Because there arent any. So dont wait. Call now to request your free decision guide and find the aarp Medicare Supplement plan that works for you. Theres a range to choose from, depending on your needs and your budget. Rates are competitive. And theyre the only plans of their kind endorsed by aarp. Like any of these types of plans, they let you apply whenever you want. Theres no enrollment window. No waiting to apply. So call now. Remember, Medicare Supplement plans help cover some of what medicare doesnt pay. Youll be able to choose any doctor or hospital that accepts medicare patients. Whether youre on medicare now or turning 65 soon, its a good time to get your ducks in a row. Duck quack call to request your free decision guide now. Because the time to think about tomorrow is today. Stuart well, look at this, the nasdaq is at another alltime high, 6,041. Let me remind you, please, the fabulous five, the big Name Technology stocks that were on about all the time, those five stocks make up 40 of the nasdaqs gain. 40 . And onethird of the s p 500s gain. Thats how important those five stocks are. Next case, this representative Maxine Waters, shes about to give, give more than 100,000, close to 100,000 to her daughter, and the money comes from her campaign coffers. Tell me all about it. Estimated 108,000 from the campaign. Ing her daughters name is cain waters, she oversees a mailing operation in which the mailings that are sent out from the Maxine Waters campaign, they get money from other candidates. Those candidates names are on the mailers. So she oversees that operation. Bottom line is the daughters going to get maybe up to threequarters of a Million Dollars since she started working for Maxine Waters campaign in 2006. It should be noted that shes called the Trump Administration, quote, scumbags, shes gone after ivanka trump for making money in the white house even though she has an unpaid job, and it should be noted that she wanted the government, she used her position in congress to help bail to get help for one united bank without disclosing that her husband owns stock in that bank during the bailout era. Stuart comprehensive report there. Just wanted to make sure everything was covered. Stuart i think you did, actually, in 45 seconds. [laughter] what a show youre watching. Moving along, ann coulter cancels her berkeley event. Heres what she said. Theyve been changing their position everye minutes. Its like a game of Musical Chairs, and whenever the mus stops the answer is, no, she cant speak. My allies, whom i love, are on the same side, but they ran away, they gave in. And then i was, there was nothing i could do. Stuart you know, whats everybody talking about this morning . Its not necessarily tax cuts or nafta, no, it is ann coulter and berkeley. Judge napolitano is here. Im going to get my two cents worth in first, if i may. The left has just won. Yes. I mean, this is really a tragic loss for the freedom of speech, because thisll probably continue. So she has, was informed not only by the university, but by her own supporters that nobody was prepared to guarantee or evenfectively stand up for evenfectively stand up for her safety, and shed be walking into something very uncomfortable and dangerous. So a university, wholly owned by the state of california therefore, regulated by the First Amendment has thumbed its nose at the obligations under the First Amendment. She said something very interesting to sean hannity last night, she blasted the lawyers who were hired by the group to sue the university because they sued for money damages rather than suing for specific performance. Rather than saying to the judge force them to host my speech, they sued for cash. What a thats i dont blame her for criticizing the lawyers for that. They dropped the ball, and they blew it. Stuart im critical of the university authorities, and it goes all the way up to janet napolitano, who i believe is in charge yes. She is not my cousin. [laughter] stuart why dont the authorities protect freedom of speech by telling the police force, you will protect ann coulter . I think they are so wrong to fail to protect the freedom of speech that this will come back to harm them in the future, particularly when theyre looking for largess from the state legislature and from stuart ah, no, in california . Theyll get everything well, in california shes doing what she thinks is the popular thing to do. But shes not doing her job. She took an oath to uphold the constitution, and she violated that oath. Stuart you know, for is once, youre right. [laughter] no, no, no, youre going to be back in the 11 00 hour, and were going to argue about taxes. Yes, we are. Stuart taxation is, indeed, theft. [laughter] this is day 98 of the trump presidency. I say its been a pretty good week for our president. Tax reform, a vote maybe tomorrow on obamacare, maybe. Renegotiate nafta, dont kill it. Oh, what a difference a week makes. My take on all of that, top of the hour. Here we go. Poor mouth breather. Allergies . Stuffy nose . Cant sleep . Take that. A breathe right nasal strip instantly opens your nose up to 38 more than allergy medicine alone. Shut your mouth and say goodnight, mouthbreathers. Breathe right. Whoa,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. Intuitive one touch Video Conferencing is a reality. And now its included at no additional cost with vonage business. Call now and see why 3,000 companies a month are switching to vonage. Business grade. People friendly. Stuart this is thursday, april 27th, day 98 of the trump presidency. He having very good week at least. Just look at whats going on, congressman Louie Gohmert tells fox news there may be a vote tomorrow on health care. Theres a reversal for you. Obamacare repeal has gone from failure to maybe reality. Tax reform has gone from pledge to a plan, and make no mistake, this is as promised a middle class tax cut. And heres a real surprise. Overnight the president has conferred with the leaders of canada and mexico, he will renegotiate nafta. Hes not going to kill it. Thats classic trump. Theres more. Against all the odds, our president has established a cooperative relationship with china over north korea. And unheard of in the obama years, the president s established a working relationship with the senate. They were all invited to the white house last night to discuss north korea. Where are the democrats in all of this . Out of touch. They are complaining about the debt when they doubled it. They complain that the tax plan is a giveaway to the rich. I havent heard of any wealthy democrat who will give back the trump tax cut money. And on obamacare, its a bit rich, isnt it, that the people that led us to Health Care Disaster are now trying to block its reform. Oh, what a difference a week doth make as we head toward saturdays 100day deadline, this president has done what he said he would do. Despite intense opposition, he has put his growth agenda back on track. Second hour of Varney Company about to begin. Stuart where are we . 31 minutes into the trading session were up 12 points. The dows at 20,986. We just received i think weve got them, elizabeth the latest Mortgage Rates . 4. 03, so it ticked up after weeks of decline. Remember last week it went below that psychological barrier of 4 to 3. 97. So its ticking up slightly, still at multimonth lows. Stuart no impact on the big board, were till at 14point still at 14point gain for the dow industrials. E nasdaq has just hit yet another alltime high. Okay, the dow is just shy of 21,000, the nasdaq powering towards 6,050. Weve got an alltime high for mcdonalds. That stock reached 141 earlier, still there, approaching 142. Thats mcdonalds, new high. Now, to the backlash over President Trumps new tax plan. Take a look at two headlines from the New York Times. The first one reads white house proposes slashing tax rates, significantly aiding wealthy. Heres the second from the opinion pages. It reads President Trumps laughable plan to cut his own taxes. Joining us now, south Dakota Republican senator john thune. Mr. Senator, welcome to the program. Good morning, stuart. Stuart its a giveaway to the rich, thats what we hear. Would you respond to that, please . Well, look, i think that everybody understands, stuart, that when you reduce the tax burden on everyone and you get greater Economic Growth, which is what this is all about, it increases wages, it increases the number of good paying jobs that are out there, and everybody sees their tax burden lessened. When you reduce rates, everybody benefits from that, and most importantly, the economy. And we want the economy to get back up to north of 3 growth where its been at a point and a half during the obama years. And that will make a dramatic difference in the quality of life, the standard of living and the wages for people in this country. Stuart do you think you can get some democrats to go along with this plan, give or take a few changes, if you look at the basics of this plan . Will some democrats go along with it in the senate . Ive had some conversations, stuart, with some democrats who i think could be wooed to support tax reform, but its going to be very hard because their base doesnt want to see taxes lowered. Finish and theyre very wedded to the, you know, the policies of the Obama Administration which were very antigrowth. And i think what youre seeing right now, the reason the economy is starting to pick up and it feels different out there is theres a karma that comes when you lower taxes and regulatory burdens, make it less expensive, less difficult to create jobs in this country, and thats what were seeing out there in the economy. Now, i hope democrats will be inclined to recognize that 1. 5 growth just flat isnt good enough. Weve got to get back up to 3 or north of there and try and help us pass a tax reform bill. Well see. I mean, i think right now im not real optimistic about that, but well give them a chance. Stuart okay. You were at the white house last night for the briefing on north korea. I know that it was a secretive sort of meeting, but can you tell us anything about it . Youre right, it was a classified meeting. I thought it was a productive and helpful explanation from our National Security team about whats at stake and the steps theyre taking to deter the threat and make sure that that regime isnt able to get the capability to launch a Nuclear Weapon against the United States. Its a serious matter and, obviously, there are lots of levers and tools that we have at our disposal, economic, diplomatic, cyber and, of course, military. And our team is looking at all the options and taking the steps that are necessary including bringing china into that equation who has the most leverage over north korea to insure that we get that regime to, hopefully, start behave anything a more rational way. Stuart but it was a forward stance by the administration, a forward not necessarily a challenge to north korea, but a statement of enough is enough, we wont take it anymore. Was it like that . Right. No question about that. And the era of strategic patience,s which is what we had during the Obama Administration, is over. Our leaders recognize, the president recognizes this is a threat that has to be dealt with, and its got to be dealt with in a decisive way. And the only thing that these leaders in north korea recognize is strength. So the u. S. Has to project strength. Weve got to, obviously, involve our allies in that region and start to build, you know, put a noose around this guys neck. And thats starting to happen. But its happening because theres new leadership, a new approach and a recognition that we cant allow this threat to go unabated. Stuart okay. Senator thune, thank you very much for joining us. See you again soon. Thanks, stuart. You bet. Stuart you know, it is Small Business week, and President Trump wants to cut the Small Business maximum tax rate a all the way down to 15 . Joining me now, Small Business administrator linda mcmahon. Maam, its a pleasure to have you on the show. Welcome back. Thank you, stuart. Its great to be here this morning. Stuart i happen to think and believe that that 15 top tax rate for subchapter S Corporations and pass through returns, i think thats the biggest stimulus for the middle class there is going for us. What do you say . I think so too. As a matter of fact, i was in orlando on monday, and i convened a round table of hispanic businesses, and one of the things that they talked to me the most about, one of the issues was what did i expect to see in the president s tax reform plan, because they were hoping that they would see tax reduction, you know, for them. Theyre all Small Businesses and most, i think about 95 of them were either subs corps or llcs, and this will be great news for them because theyll have more money in their pocket. Theyll grow their business, hire more people, and theyre really looking forward to having the benefit of this tax cut. Stuart can you be sure that that 15 top tax rate for Small Business, that it is in the final package . Thats what i heard yesterday. I have not, i have not had a private briefing, but certainly those were the, those were the things that were talked about yesterday that i heard that were announced. Stuart okay. Earlier we reported that the house would hold a rules vote on the Health Care Bill today. Hold on a second, ms. Mcmahon. I just want to confer with ashley here because that sounds like there is any progress, or what . That was the word, that they were possibly going to the rules committee to set up the plate so they could vote tomorrow. Now a senior house gop source telling fox news that thats not true. So, clearly, a lot going on in the background here. Stuart okay. Ms. Mcmahon, let me get back to you. Thats a little disappointing. Yeah. Stuart i would have thought that the repeal of obamacare, if you could finally do it, that would be a big shot in the arm for Small Business especially. Well, the Small Businesses that ive talked to have consistently said that the cost of health care is one of the, one of the things that they need the most help with. Their premiums have just skyrocketed, they cant afford to provide health care for the people in their companies, and they cant ask their employees to have any higher copay. So i am really hoping that were going to see Health Care Reform soon, because our Small Businesses clearly will benefit from that. Stuart im sorry, linda mcmahon, finish your thought, please. I was just going to say i hope to hear more about that next week during Small Business week that were launching on monday. Itll go through may 4th, and ill have a chance to go around the country and listen to more of our Small Businesses from our district offices. So the president s proclamation were expecting tomorrow for Small Business week, and its going to be a terrific week for the country to salute the 28 million Small Businesses around the country. Stuart yeah. Lets give them a tax break too. Yes. Stuart linda mcmahon, thank you for joining us, maam. Thank you so much. Stuart let me just clear this up. The rules committee not voting. The word was that they may try and get the rules changes in place to set up a vote on a repeal and replace, or replace and obamacare by tomorrow. Now fox news is hearing from some of the sources that that may not be the case. Stuart okay. Well, its not had any effect be on the market, were still up seven point toes, but no impact there points. But no impact there. That sounds a little disappointing to me. All right, next story. The latest airline fiasco. A man booted from a delta flight for using the bathroom while the plane was on the tarmac. Yeah. Stuart theres the video. It doesnt tell the whole story. The man who was booted off was sitting on the tarmac with the other passengers about he said, can i go to the bathroom. No. Half hour in, can i go to the bathroom . No. Two hours in, he got up and went to the bathroom. They then said were going to deplane, youve got to get off. According to local affiliates, fbi agents spoke with him. Now, theyre worried about this behavior, getting up to go to the bathroom. A passenger felt like he was being singled out. He said he thought it was weird that they talked to me and treated me this way. He had to pay three times his original ticket to get home to milwaukee on a southwest flight. So, you know, another airline incident. Stuart so he broke the rules he broke the rules, thats what deltas saying. Stuart youre not supposed to get up on the tarmac. He was desperate, hed been there for an hour and a half. He broke the rules, and they take him off the plane, and they charge him triple to get home to milwaukee. Thats right. Stuart not good. Not good. Stuart it is take your child to work day. Here at fox two of my star producers brought their daughters. They will join me right here on the set. Watch out. Coulter cancels. Not speaking at berkeley amid protesters. Bikers for trump founder traveled to berkeley for her speech. He responds to what were llinvictory for the left. Thats up next. And it is the nfl draft tonight. Well tell you who is about to be an instant millionaire. Second hour of Varney Company, youre watching i. It. Break through your allergies. Try new Flonase Sensimist instead of allergy pills. It delivers a gentle mist to help block six key inflammatory substances. Most allergy pills only block one. New Flonase Sensimist. Times up, insufficient were on prenatal care. Es. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Berkeley, as you know all along, theyve been changing their position every five minutes. Its like a game of Musical Chairs, and whenever the music stops, the answer is, no, she cant speak. My alliesing allies, they ran away, they gave in, and then i was there was nothing i could do. Stuart yeah. Shes not going to speak. They wouldnt protect her. Looks to me like the left won. Ann coultecaeled her berkeley speech. The university refused to secure a safe space for the event. My next guest is in berkeley now. Bikers for trump founder chris cox is with us. He flew out to berkeley for ann coulters speech. I have to ask you, chris, were you looking for a fight . Oh, were certainly not looking for a fight, stuart. Were here on the defense, not the offense. Ive met with the police, the local Law Enforcement this morning. From what i understand, any rumors that theyve been told to stand down will be squashed today. Theyre not going to allow this disobedience, theyre not going to allow the ski masks that weve been seeing around the country. So we still have a presence here at berkeley today. Were going to embrace free speech and the liberty that many men have fallen and given their lives for. Stuart well, ann coulter is not going to speak. She may put in an appearance, and because of that, the left the guys in the hoods and the masks they may be there. Are you going to take them on . Well, sir, that remains to be seen. Were certainly going to play a defensive role here. We dont want to do anything that is going to give us a Public Relations black eye. Weve stayed within the framework of the law, and i anticipate well continue to stay within the framework of the law. But if its true that free speech was born here at uc berkeley, well, its certainly died now and is on its way to hell in a handbasket, because its unacceptable theyre going to pick and choose their speakers according to their political orientationing and the message that they have. Stuart i dont think anybody in america wants to see violence in the streets, Political Violence in the streets. I mean, you get that elsewhere in the world, and we really dont want it here. Youre trying to avoid that, i take it . At all costs, were going to avoid that, stuart. We are not a militia, were not a secondary police force or security. We are a group of citizen crusaders. Were patriots, were here to stand up for our rights, and only in the event we are assaulted, are we going to defend ourselves. Were here to defend free speech, to get behind Donald Trumps policies and help push his agenda forward. Right now i should be in georgia in the sixth ticket right now working. District right now working. Weve got veterans that are going to be accompanying donald trump to the v. A. Where theyre going to be talking about the progress theyve made in the last hundred days. I didnt see an upside in coming to berkeley and standing toe to toe with twinkle toes and buttercups. Last week we had a biker here, and he had his nose broken. He was sucker punched. And in our investigation, we identified that it was a Berkeley University professor behind the assault. So weve got some attorneys on that, and were just trying to move forward, and we just want to exercise free speech. As americans, we need to hear both sides of the story. We need to be fair and balanced, and we need to give these people a chance to express their comments after we express ours. Stuart chris cox, bikers for trump, thanks for joining us, sir. Well catch up again soon. Thank you, sir. Stuart breaking news, and its from afghanistan. Big gunfight in afghanistan, the province in the area where that moab, mother of all bombs, was dropped. Two u. S. Service members have been killed in a gunfight, another slightly injured. Eighteen isis fighters killed in the same gun battle. This is the latest were getting, two u. S. Servicemen killed in afghanistan. Stuart in the area of where the mother of all bombs was dropped. Correct. Stuart by the way, the dow moments ago hit 21,000, backed off, now were up 21 points at 20,996. Coming up, texas keeping its promise, passing a law that could jail sheriffs who do not cooperate with immigration laws. Texas attorney general joins me next. Stuart close but not quite there, up 15, 20 the,990. Now this. Former president obama is set to make 400,000 for speaking at an event for the wall street fat cats he once railed against. A spokesman defended it saying, with regard to this or any speech involving wall street sponsors, i just point out that in 2008 barack obama raised more money from wall street than any candidate in history. And still went on to successfully pass and implement the toughest reforms on wall street since fdr. 400,000 for a speech. Liz. All right. The l. A. Times is calling this tacky. Theyre saying within months of leaving office, you know, hes got getting money from the fat cats he railed against. You know, he took the moral high ground, he was saying were better than everybody else, you know, the fat cats are raw, he campaigned on it, he won the white house on it, and now hes taking money from those same fat cat bankers. So the dollar amount equals his annual salary as president , and its about double what Hillary Clinton charged for the same kinds of seats. Stuart lets be clear, it was president obama who used the expression fat cats. Thats correct. What did i say . Stuart no, no, you did, but i just want to he himself used the term fat cats. Stuart 400,000. Has he made the speech . September. If the l. A. Times calls it tacky, you know its going to be ubertacky. Stuart thats remarkable. Well, you know, it is draft day for the nfl, that means a couple millennials are about to become instant millionaires right beforeour eyes. 8 p. M. Tonight, the Cleveland Browns will have the number one pick. Miles garrett, defensive end from texas a m, expected to be the number one pick. He will be a rich young man. Also top candidate, stanford defensive end solomon thomas, Louisiana State running back leonard fornay, all of those up at the top. Of course, theres a lot of horse trading, and people swap picks. By the way, the most first round picks go to the worst teams, the browns, the narls saints, tennessee titans. What about the patriots . The dreaded patriots . Their first pick will come at number 72 in the third round. Stuart really . Yes. Stuart its structured so much against theyve won the super bowl two of the last three seasons, but theres always negotiating. They may be able to pick higher. So there you go. A lot of rich young men in the next week or two. Stuart its a huge media event. It is. Stuart its on live television, i believe . It is. Its normally in new york, but itll be in philadelphia for the First Time Since 19 61. Stuart lets never, ever forget the sirius satellite people, Freedom Caucus getting onboard the repeal of obamacare. They are now backing the Health Care Bill. Freedom caucus member mo brooks is going to be with us. Hell tell us how close are we to actually getting it passed. Finally. And the Trump Administration probing imported aluminum. Commerce secretary ross says it is a security issue. We have jeff flock at a mill in indiana to get a closer look. Well be back. Welcome to holiday inn thank you wait, i have something for you making every stay a special stay. Holiday inn, smiles ahead. Whether for big meetings or little getaways, member always save more at holidayinn. Com stuart oh, weve moved lower. Not much, but were down, what, two point, 20,973 is where we are. Check out those big names, we call them the fabulous well, this is the fabulous three at the moment. All three of those Companies Report their earnings after the bell, the closing bell this afternoon. Those will be the most important numbers of the day, or maybe even the week. All the money is flowing into those three stocks and a couple more, apple and the otherren one would be, let me think now, that would be whos the othe five . Be the fabulous five . Facebook. Thats right. Thank you very much, indeed. Looking at you blankly. [laughter] stuart chime in. Just looking at you. Stuart it does sound like we are getting closer to a health care plan. A vote on it, i should say. The Freedom Caucus says theyre onboard with the new proposal. A member of the Freedom Caucus joins us now, alabama republican congressman mo brooks. Is that right, congressman . We are really, really, really close . Youre onboard, vote tomorrow . Well, thank you for having me on your show, first of all. Itsen an honor and a pleasure to be here. Im cautiously optimistic that were slowly but surely getting the votes needed. The house Freedom Caucus, id say 80, 90 at a minimum of us are now onboard this amended legislation that we believe will help lower the cost of Health Insurance premiums for struggling american families. Now the house leadership and the president , Vice President mike pence whos been very active in this process need to do what they can to try to help persuade some of our more liberal republicans to also keep their commitment to repeal as much of obamacare as we can and to replace it with something that is more affordable for american families. Stuart you wont go to a vote until speaker ryan is sure that youve got 216 votes. Im sure youve done the vote tally, the vote count. How close are you really . Well, i havent been involved in that process. That mager that the whips Office Something at the whips office does stuart youre part of the ongoing discussion. Its close. All the reports are stuart two or three votes short . Is that it . I dont know the exact number. Thats something that the top four in the republican conference would know, maybe the top five, but they keep that real close to the vest. But i would think were definitely in low Single Digits away from having the votes to send this to the United States senate. Stuart you see, everybodys watching this very closely because it could end the week very much in President Trumps favor. Youve got the tax plan on the table, renegotiate and a half the that nafta, dont kill it, and now if you could get that Health Care Bill, get it to the floor and get a vote on it, thats another big win for the president. Well, its a big win for the American People which has to be the first priority. But, certainly, like yesterday Vice President mike p pence, he calls me, and he chat for about 10 or 15 minutes, then a little bit later in the morning he calls me again, and thats unusual. I never had that from joe biden while i was in the United States congress. [laughter] and then he hands the phone over to donald trump. So donald trump is doing the closing, so to speak, and the activity of the Vice President and the president , i think, have been very constructive. And behind the scenes theyve been working this hard ever since the bill was pulled a few weeks ago. And hopefully, were on the verge of a breakthrough, and not only will we pass a bill, but a much better bill that repeals obamacare and properly addresses some of the cost factors, some of the mandates that are sending premiums soaring. If we can do that, then weve done a lot for the American People. Stuart i think youve won. Would you accept victory . Well, i think the Freedom Caucus played an instrumental role in all this in making the bill a lot better for the American People. And to mark meadows credit, to the tuesday groups credit with congressman mcarthur, he also worked on this. Behind the scenes the house leadership helped set the stage to keep things moving. Collectively, i think were able to reach an agreement if we can just get some of the more liberal members of the republican conference onboard, then well be able to pass this with flying colors rapidly. Stuart congressman mo brooks, thank you for joining us. Cautiously optimistic, well leave it at that. Thanks, congressman. My pleasure. Stuart texas passing a new law on sanctuary cities suggesti sheriffs who do noenrce immigration policies can go to jail. Texas attorney general ken paxton joins me now here in new york city. Mr. Attorney general, welcome to the program. Great to be here in new york. Stuartdid i get that right . You passed law, and if a sheriff doesnt go along with it, he or she is in jail. Potential criminal penalties. It was passed by the senate first about a month ago, and the house last night at three am passed a similar bill. So, yeah. Stuart doesnt this take direct aim at the lady who is sheriff of Travis County which is part of austin . I would say she was an inspiration to us all. She was an inspiration for this stuart its aimed at her. Well, i mean, it changed in the house. That provision wasnt in the house until last night. I think the senate adopted it because the governor saw what was going on in Travis County and in austin, and he wanted to address it, and thats what they did. Stuart Governor Greg Abbott says no sanctuary cities in texas, we dont want it. However, President Trumps executive order banning federal funds going to sanctuary cities, thats been held up by a judge in california. Does that hold up your program in texas . No. First of all, let me give the governor credit. This was an emergency item that he pushed through the house and senate very quickly. So, no, i dont think it has any impact on us at all. The federal judge in this case was dealing with federal law. This is state law, completely separate. Stuart what is it about texas . You know what . We love [laughter] stuart you stand out so much. Youve got all these jobs flowing to texas. Youve got low i think youve got low taxes, havent you . Yeah. Lotaxes, low regulation, we have a great legal system. Stuart do you have estate t . We have no income tax. Stuart what about estate tax . Nope, we dont have that either. Stuart so youre competing with florida for retirees. Uhhuh, absolutely. Stuart what will you do for me to get me down there . Were going to invite you. [laughter] what else does it take . Stuart is your economy still expanding as rapidly as it was for the past five years . All you have to do is dallas, austin, san antonio, houston, cranes everywhere, toyota bringing in thousands of employees from california. The answers yes. Its amazing. Stuart ken paxton, the attorney general of the great state of texas, youre welcome on this program anytime. Come to texas. Stuart what are you doing in new york . National association of attorney generals. Stuart there you go. [laughter] welcome to the program, thanks for being with us. Well see you again soon. Appreciate it. Thanks for having me on. Stuart Stuart Wilbur ross, commerce secretary, says aluminum imports are a National Security issue, he wants big tariffs. Jeff flock at an aluminum plant in indiana. What do you have for me today, jeff . Reporter they are thrilled at that, stuart, by the way. But first, i have molten aluminum for you. That is molten aluminum at 1450 degrees fahrenheit, and if you look and dutch follows us down there, this is fascinating for me to see, and i think it will be for you as well. This is how aluminum gets made. Thats when it comes out, from molten aluminum, it comes out in these large sheets and gets brought down to the size of a coil. I said theyre thrilled here because imports to the u. S. From outside the u. S. Up 18 last year. This is what theyre competing with. Now imports make up 55 of the u. S. Market. And its because of cheap aluminum coming from places like canada and more particularly china. By the way, take a look in there. Thats how its cooled down. It goes from 1450 into those sheets, gets further cooled, and then ill take you to the last part of the process while i tell you that this is also a National Security issue. Currently, the aluminum that they make here is mainly for industrial use, for construction, Home Construction and the rest, factory construction. The militarygrade aluminum that is used in the u. S. , there is now only one, yes, thats correct, one high purity smelter left in the u. S. Thats because foreign competitions has come in and put these folks out of business. So they are thrilled here at the president s action that hes going to take later today. And, stuart, i leave you with an aluminum oil coil. Thats the way maybe you see it transported on trucks and the rest. Thats what it looks like. Thats made in the usa. A lot of times its not. Were trying to get back to that. Stuart jeff flock right in the middle of it all, as usual. Thank you very much, indeed. Great report. Now this, amazon prime membership expected to surpass the total number of costco cardholders. Whats the numbers . Well, theyre at 80 million now for amazon prime, correct, thats an estimate. Costco, 88 million. So theyre expected to move beyond that. Now, amazon does grocery, you know, shipping to homes. Costcos in that space now as well, 50 cities. They want costco to deliver groceries. But the question is, can costco beat amazon at its game here. Amazon does really fast deliveries, about one in seven households now have u. S. Households now have an amazon prime membership. Its a tough fight thats going on in the retail space. Stuart i would not want to be costco going up against the champions no, the juggernaut. Stuart otherwise known as amazon. Look at that stock go, up 8. Just saw it on the screen. Thats right. Stuart its a juggernaut. That is the word to use. All right, we got it. Former Navy Seal Rob oneill, the man who shot bin ladennen, out with a new book that tells the story of the night when he killed the worlds number one most wanted terrorist. Hes next. How about that . Earlier in the program we spoke with congressman pete process come, and heres what he had to say about President Trumps new tax plan. Roll tape. Well, theres two things that are happening. The first is is a recognition for the First Time Ever that passthrough entities need to be treated differently; that is, subchapter s l and llcs. The second thing is weve got to get the rate down as low as we can. Theres a house proposal that has it at 25 , the president proposes 15, these are all dials that we need to adjust based on these other goals. But remember, lets push for growth, simplicity, dealing with base erosion so that the tax base doesnt erode and, finally, permanence. why pause a spontaneous moment . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. Stuart stay with us, please. Rob oneill, the man who shot bin laden, momentarily. Lets get throh under armour first. [laughter] they posted their firstever loss, Sluggish Performance in north america. But because they did a little bit better than wall street was expecting, the stock is up a p whopping 8 . How about that . Im going to score this one for the greenies. Its gophers versus landowners in Washington State. Give me 30 seconds. All right. The gophers are winning. Its like a bad episode of caddyshack. They need bill murray in here. These gophers are under the endangered species act so, therefore, anyone wanting to do anything on their land has to have inspectors come out to see whether the earth has been turned up in the same way as a golfer in would do it. If they gopher would do it. Theres a long process to be allowed to do improvements on your own land. Stuart but there are literally millions of gophers so gopher rights surpass Property Rights . Yes. There are two minor subspecies which theyve found a pocket gopher. Stuart thank you. Thats the one theyve got to protect. Right. Now theyre proposing a tax that if you do, you have to pay a big tax to do any building on your property. That tax will go to create new habitat for the pocket gopher. Stuart i promised our audience rob to neecialtion i dont want to drone on too long on gophers. [laughter] check this out, the man who killed usama bin laden has written a new book, and he details the story, its called the operator firing the shots that killed usama bin land and my years as a seal team warrior. Here he is, rob oneill. A pleasure and an honor to have you on the show. Thank you again, stuart. Its always a pleasure to be here. Stuart okay, im not going to beat about the bush. Take us through the night you shot bin laden. First of all, you landed, you go into the building we landed, and we learned just like everything else, we had a perfect plan, none of it happened. Murphy showed up, so we were outside of the compound, my group and the other group crashed inside stuart is that video from the actual night itself or another operation . Im not sure no, thats probably some other operation. We didnt bring any recording devices. What was i unique about that mission, the books not about me the operator, its about the life of the operator, all of them, navy seals, green berets, rangers. We knew it was one way, were not coming home. Its very unique to see how guys do their jobs. I was so proud of everybody. Going into the compound, into the house, i was in a position where i was sort of back so i could look forward, and and i watched really cool guys do really cool stuff, and im just taken it in because i know were not going to live through the night stuart what do you mean . The mouse is going to the house is going to blow up. You would assume going after the number one terror nist the history of the world, hes going to wear a vest. Ended up not being the case, but none of us knew that. Even going up the stairs, i detail it in the book and, by the way, this is one of over 400 missions that my team and i did. Stuart everybody who buys the book will go to chapter 23 22 or 23, but the adventure by the way, this is the first book that was cleared through pentagon, so they read it, all the departments involved read it, and this has been approved. So there is certain things i nobody wants to know the classified stuff. They want to know what the guy that jumped on what he thought were suicide bombers, what did he look like, what did it smell like going up the stairs. When we went up the stairs, we dealt with khalid bin laden, his son, and the way the guy in front of me did it, because i was in a position just to watch it, i remember thinking i hope we live through the night stuart what do you mean . We saw him on a banister or, and there were two armed men that wanted to kill each other, separated by 10 inches, a banister. So youve got a navy seal and khalid. And bin ladens son. He said a few things to him, and i dont want to ruin the surprise, but just watching it, being so proud. And then we went around that, and im still kind of in awe. And i ended up the other guys separated to take not advantage, but to clear the threats on the second floor, so thats when i came involved in the mission for the first time. And were looking up, and he was saying stuff to me like we need to get up there. We could see people behind a curtain. We assumed were putting on suicide vests. In the it. The the agency told us this is it. The agency told us he would be there. I wasnt feeling bravery, im feeling im tired of thinking about it, lets get it over with. So we went up the stairs, and i watched him take the curtain, jump on the people he assumed had vests, i wated him jump on a grenade that didnt go off. I turn corner, and theres usama by land holding his wife and pushing her at me. And its a matter of feet. I saw him, i did a quick target identification. Hes taller than i thought, skinnier, beard, hes not surrendering, and the quickest way to deal with a suicide bomber is to shoot him in the face. And ive dealt with suicide bombers. I is have stories in the operator about it. Very quick, very loud, very permanent, i wasnt going to take that chance. I got the shots off, i saw his 2yearold son i remember thinking as a father, this kid has nothing to do with, so i picked him up, and then it starts to sink in, we might live through this. We start gathering the intelligence, and then we fly out on the helicopter. Stuart incredible. Thats one of the stories. [laughter] stuart the name of the book again, youve got to tell me its called the operator. Itll bring the reader into a lot of these stories, its a good read. Toort stuart rob oneill, a frequent guest on the program. Thank you, sir. My pleasure. Thanks for having me. Stuart all right. Now were going to segway to your money real fast. [laughter] down 22 points on the dow industrials. More varney after this. Your Insurance Company wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Stuart thursday, april the 27th, it is take your children to work day. I found that out this morning when i walked into the fox bidding, and theres a horde of children all over the place before 6 00 in the morning. I dont know how they did that. We have two children with us today who are the daughters of two of our excellent producers. On the. Side lrnt side, ann lease. Good morning. Good morning. And on the right, penelope. Morning. Stuart pelle by is penelope is the daughter of one of our producers. Annelise, when your mom gets home, what does she say about Varney Company, you know, the program . What does she say . Aughter] anything interesting . Okay, you think about it for a second. [laughter] penelope, when your dad gets home after producing the executive producer of the show, what does he say . A lot of weird things about work. Stuart really . Okay, does he enjoy it, do you think . [laughter] stuart would you like to be the producer of a show on television when youre older . No. Stuart why not . I dont know. Stuart okay. Analise, what does your mom say when she gets home from work . Weird things. [laughter] stuart im not going to ask what weird things, but would you like to be a producer of this program and come in to work with me every single day . Yes. Stuart youd like that . Really . Why . I dont know. Stuart but its interesting, isnt it . Did you have to get up real early this morning to come in . Uhhuh. Stuart its terrible, isnt it . Would you do it again next year . Analise and penelope, a fine performance. I think theres a future for you in television whether you like it or not. Welcome to fox. Good to see you. All right, everybody, put the camera on me, please. [laughter] Varney Company, okay . [laughter] well be back. [laughter] [phone ring] hi anne. So those financial regulations being talked about . They could affect your accounts, so lets get together and talk, and make sure everythings clear. Yeah, that would be great. Being proactive. Its how edward jones makes sense of investing. Buttrust angies list to help. , [ barks ] visit angieslist. Com today. Stuart Middle America wins big in the trump tax plan, it is a huge middleclass tax cut. Two things that will make a big difference to tens of millions of americans. The 15 top tax rate for Small Businesses. Thats plumbers, restaurant, store owners, you name it, they all gewhopping tax cut. Any way you slice it, the backbonef mile america gets a very welcome financial boost. Second, the socalled typical family of four gets its first 24,000 in income tax free, theres a shot in the arm and the mortgage Interest Deduction stays in place. What are the democrats saying about all of this . Two things, it explodes the debt, they say and we said throughout the program, the left said nothing about the 10 trillion explosion of debt under president obama and the democrats refused that they produce growth. Something else we have been saying throughout the show, we have yet to hear any wealthy democrat, offer to give back the tax cut that President Trump will give them. If they oppose all things trump, surely they should write a check to the government for all the money they dont want or need. Yeah, im being sarcastic. At tend of a remarkable week, success for the president and remarkable party. The democrats quit their block and stop strategy, top that, get down to Serious Business of restoring prosperity, please. The third hour of Varney Company is about to begin. Stuart Justin Timberlake has a certain sense of rhythm. Lets take a look at your money, please, we are down just 13 points in the dow industrials. We drop crossed 21,000 and town a little bit. Amazon, google, microsoft, these three report numbers, profits after the closing bell. These could be the most important numbers of the week because these are the most important stocks on wall street. John layfield joins us right now. What do you say . Am i going out on a limb too much because i think the numbers from those three companies are really a big deal . They are a big deal. Itsowretty much how the market igrowing right now. Its a great barometer and the companies represent greatly. As far as the stocks, im waiting for a pullback. Ive lost a lot of money doing that these are great companies. Stuart what is rallying this market more, the corporate profit story up about 11 year over year, thats pretty good or this hope of a tax cut, which is it . I think the hope of a tax cut is what took the market, we were flat for two years basically 2014 to 2016. President trump getting elected, thats the only thing that changed. I think the hope of a tax cut is what has moved the market up. I think right now actually what has helped the market in the last few days is la pen potentially not winning that election in france and france not dropping out of the inturio. I think that has a lot more to do the last few days than anything else domestically. Stuart i know you have three stocks that you like, i will get to them in a second. Would you tell me please if you think that this is the beginning to have second leg of the trump rally . I do. If they can get the Corporate Tax through. They may have to back off on the amt and estate tax and some of the personal income tax, that looks like youre favoring the rich. Small businesses create over 50 of the jobs, if you can help Small Businesses that pay highest Corporate Tax rate in the world, they talk about that affected tax rate, thats just a bunch of bull because these Big Companies have paid off politicians for years to get that rate low, the Small Businesses are the ones that are paying the highest Corporate Tax rate in the world, that goes directly to jobs and infrastructure spending, if you you can get them a stock break. Stuart you brought three stocks that you like, british petroleum, bp, whats so good about it . Its insane the amount of yield the company has. They finally got over the horizon disaster in the golf and its a Great Company right now that will flourish in the next years. Stuart under armur, they made a loss. It was a onepenny loss. Im a big fan of ceo. A Great American story. Two years ago they were on top of the world, so was steph curry and jordan speed. Lebron james, knocked the warrio out of playoffs in 03 lead in the finals. With kevin durant that steph and the curry win the nba championship, speed is best golfer of the world. Stuart 20 second on why you like verizon. Corporate tax reform. Its mainly a content play and 4. 7 yield. Stuart always a pleasure, thanks for being with us. Appreciate it. Okay. I want to take you back to my editorial at the top of the hour. I call it my take. President trump reveals tax reform plan, democrats continue to block and stop everything. Thats their strategy. Steve dane joins us now, republican from montana. Whats emerged from the program today is for the economy the best tax cuts is that 15 top rate on Small Businesses. Can you tell us that this will make it all the way through and will make it to the president s desk, that one item, 15 for subchapter . I couldnt agree more. This is the key for job creation. I grew up the son of Small Business owners, you learn your Politics Around the kitchen table. My dad was a contractor. The majority jobs in this country come from Small Business, the majority of job growth over the last 20 years comes from Small Businesses. It is plummers, coffee shop owners, Small Businesses, this should be called the american jobs act because this is key for our growth going forward. Wen in the world is on american business. Stuart two democrat criticisms of this, number one give away to the rich, will you respond to that first. Flat out wrong. If we want to create jobs, good, highpaying jobs is taking the burden on the businesses. I disagree. Stuart number two, it would raise deficit . The key is growth, look at the cbo for the next 20 years, its a sick 1. 9 annual gdp projection. Take that to 3 . We are talking about trillions of dollars of increased revenue to washington, d. C. And when youre in business, you know the volume clears challenges of your business and volume clearer challenges in washington. Stuart theres a lot of nervousness in america about north korea and what we are doing about it and whether we are edging closer to war, you went to the white house last night for a full briefing. Is there anything you can tell us about that meeting or what you learned . It was a sobering briefing, stuart. In 1992i moved my family to guang and lived there for five years. Remember what happened in 1994, then president clinton signed a Nuclear Nonproliferation agreement with kim jong uns grand pea, 23 years later, where are we at . The North Koreans are not far away from having a Ballistic Missile with a Nuclear War Head on it that can strike the continental United States. We cannot let that happen. Let me tell you, i was so proud of trumps team, the president was there, Vice President , secretary tillerson, secretary mattis, joint chiefs as well as director coats from the cia, i tell you, i was proud. These are very, very thoughtful leaders with firm resolve. Nobody wants a war. Stuart did high Officials Say north korea will not be able to launch a missile with a nuke on top . Its clear that we will do everything within our means to prevent korea from ever launching a missile with a Nuclear War Head on top of it. Stuart thanks for joining us. Great to be here. Stuart British Police say they arrested a man near the house of parliament. The suspect has knives, has been arrested on suspicion. Thats on ongoing story as of now in london. Check big board. Down 25 points, breakeven mark. 20,948 is where we are. Look at paypal, much better profit, much better revenue coming in. It might buy back as much as 5 billion of stock, good news for the company and the stock up 7 . More money coming at raytheon, higher sales that mike tomahawk missiles and electronic. The company added video subscribers, making money with movies like 50 shades darker and get out. Comcast is the parent of Nbc Universal up slightly this morning. We are awaiting speaker ryan is going to take the podium roughly 30 minutes from now and we expect to get the latest on the Health Care Proposal and tax reform. We are waiting for that. And president obama reportedly accepting 400,000 to speak at a conference for big bankers. Remember when reblasted wall street and calling them fat cats, we will play you the clip in a moment stuart happening very soon, President Trump will meet with argentinas president mauricio macori, you will see it when he arrives, conservative commentator ann coulter, her speech, she canceled her speech at uc berkeley, shes been shut down, the university counterprotect her or her student. Here is what she said on hannity last night. Berkeley along has been changing their position every five minutes, its like a gave of Musical Chairs and whenever the music stops, the answer is no, she canspeak. My allies were on the same side, they they ran away, they gave in and then i was there was nothing i could do. Stuart larry joins us now, talk show host. Larry, i see this very simply as a huge win for the left and you say . Well, it is. Its a huge win for the angry left that its not just ann coulter, its all over the country. The dutch exmuslim politician who became activists against the oppression of women in the religion of islam was given Honorary Degree invite today speak and a petition was passed around signed by students and teachers, they rescinded the Honorary Degree and took back invitation to speak. Heather mcdonald is a researcher and writes about cops, she was invite today speak at Claremont College in california and students and protestors barred people from entering the building where she was supposed to speak. This is outrageous, its going all over the country. Stuart it is outrageous and its what everybody is talking about surprisingly enough, its not tax cuts, its not nafta, its free speech. Thats what they are talking about. Is there any indication that since the left won this one at berkeley, thats the end of the road, things are going to change as of now, any sign of that . I certainly hope so, the aclu has come out and defended ann coulter for crying outloud, wouldnt you think at uc berkeley, the epicenter at free speech that there would be petitions by professors, however i dislike ann coulter i will defend to her death the right to say it and we need to do whatever we need to do to provide security to people like ann coulter can speak. Where are the berkeley professors saying things like that . Stuart i have not heard them. You dont hear it, do you . When is the faculty, free speech, first and foremost, we believe in it. Get out of here . Im waiting if for that moments and i dont hear it. I want to talk about the 400,000dollar speech that former president obama is going to give at fitzgerald. Before we get to that, listen to what he said about bankers previously. I did not run for office to be helping up a bunch of, you know, fatcat bankers on wall street. They are puzzled why arent people mad at the banks. Lets see, you are drawing 10 20 milliondollar bonuses after america went through the worst economic year after it went through in decades and you guys caused the problem and we have 10 unemployment . Why do you think people might be frustrated. Stuart larry elder, i want your reaction, please. Hes evolved, stuart, just as he evolved on the issue of gay marriage, just on the issue of fat cats an wall street. One mans fat cat is another mans cash cow. If im hillary, im upset that hes getting twice as much and maybe hillary is wanting to sue for equal pay act. [laughter] stuart i know you enjoy this, i know you do. I do, i do. Stuart about time you move to new york, we will teach you athing or two. Larry elderly, everyone. I couldnt handle the taxes. Stuart funny you should say that. We are waiting for speaker ryan. Hell going take the podium in a few minute from now, 20 minutes, maybe. We expect to get the latest, his take, that is on health care and tax reform. He could move the market today. And this as President Trump calls for a border wall, a top mexican official has proposed charging a fee for americans going into mexico, yeah, we will have details for you are allergies holding you back . Break through your allergies. Try new Flonase Sensimist instead of allergy pills. Its more complete allergy relief in a gentle mist you may not even notice. Using unique mistpro technology, new Flonase Sensimist delivers a gentle mist to help block six key inflammatory substances that cause your symptoms. Most allergy pills only block one. And six is greater than one. Break through your allergies. New Flonase Sensimist your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Stuart its happening right now, the president of argentina is about to arrive at the white house, that would be mauricio macri, the president of argentina, he will drive up, walk up the red carpet and the president will come out to meet him and they will hold their meetings. I see the flags going up there. It looks like the motorcade would be approaching. We have a much better shot, it used to be from the side. Ashley unobstructed view tickets. Stuart full ewe of the arrival. Theres the president and the first lady waiting for and his name is mauricio macri, the president of argentina. Im not sure what the conversation will be about, but the president has entertained all kinds of foreign leaders, all over the world, obviously and hes doing it again right now and hes walking forward, that means that the car is approaching, the president has to be right there and the first lady and there is, there is the car. The president ial limousine for the president of argentina, he will be getting out. First lady, i believe that would be the first lady of stuart Speaker Paul Ryan will appear momentarily at the podium. He will make remarks, we think, about tax reform and health care. Congressman, relationship from wisconsin. Congressman duffey, we keep hearing that we may get a vote on Health Care Tomorrow or saturday. What do you say . Is that a possibility, sir . What i say is the sun is shining a little better in dc, stuart, it looks like we are going to put a deal together as you saw, the more moderate tuesday group guys with the Freedom Caucus and conservative guys have come together and cut a deal. I think in politics you want if that truly is the case, if thats the case, paul will decide to move probably this week instead of next week. Stuart congressman duffy, stay there, please, i want your commentary on speaker ryan. Good morning, everybody. First, i want to welcome all of our special guests today. I think its great to see you here and its great that you get to see the work this your parents but dont tell them this but theyre kind of good at their jobs. [laughter] one of those your daughters . Oh, my god, so sweet. You had one last year with us. Very cool. Okay. Sorry. Later today the president will sign an executive order to improve accountability at the va. Under the Obama Administration not nearly enough was done to hold bureaucrats accountable for failing veterans at our Veterans Affairs despite promises to clean up only only smattering of people were held accountable. Last month the house past va accountability act to make it easier to bring the steady leadership that Va Medical Centers so desperately need. The president signed to reduce out of pocket costs and promote better access to health care. These are positive steps to deliver the kind of fundamental reform thats needed at the va. This adds to what is already incredibly active 100 days. Under the president s leadership we have cut red tape at record levels, saves families dollars, businesses jobs. In fact, we have saved families and businesses more than 67 billion just already. Yesterday the administration put out its principals for progrowth tax reform, next step for overhauling our tax code and we continue to make Real Progress in our work to repeal and replace obamacare. As you saw, we posted amendment to the American Health care act yesterday, this was as a result of conversations among member that is focused on how we can do more to lower costs for everyone. What this amendment does it gives more states and flexibility and tools to reduce choices and does this while maintaining protections. Those protections maintain in the books even as we add new ones. The goal to give greater states flexibility if they we wanted to lower premiums. We have not yet made any decisions on a vote but this is more progress and we will continue our progress and our work to repeal and replace obamacare. Now, i am sure some ofyou have questions. Are there any young people who have any questions . [laughter] youre not cutting no bar. All right, all right. Anybody else have any questions . Mike, you have one . Mr. Speaker, how close are you on health care and what are your reassurances to moderates who maybe are worried about the new one . I think we are making very good progress. We are going to go when we have the votes. Thats the decision we make when you have it. Something tells me youll be the first one to know. This is a bill that a moderate more than likely will support. Some people were concerned about ehbs, they are now put back in. They are in the federal law and a state would have to find a waiver for Central Health benefits. If anything, this puts more federal protections in on preexisting conditions. Every state is a little different. In wisconsin we had a highrisk pool that worked really well and i think we ought to be given the flexibility to tailor the markets. That just makes sense. Even if a state gets a waiver, there are multiple layers of preexisting conditions protections like continuous coverage. You have a healthcare problem and you have Health Insurance, you cant be denied or rated for a Higher Health care costs, if you switch to another plan and keep coverage, the same protections apply even if your state gets a waiver. But the more important point, i think, is why this amendment is a step in the right direction is we believe the smarter way to go on getting premiums down and protecting people with preexisting conditions is have federal and state support for people who are sick, support that catastrophic illness with great subsidies so that everybody else doesnt have to bare the costs in the insurance pools. 1 of the people in the individual market draw 23 of the costs. If we directly support the catastrophic coverage, reassurance and youre guarantying that that person with Catastrophic Health costs, the person who gets really sick gets the coverage they need. We think its a good step in the right direction. We are having productive conversations with our members and we feel like we are on the right track and we will announce when we have a vote, when we are going to go. Is the pressure to vote by the president s 100th day . It takes time to do that. We are doing big things. You know me, i talked about 200 days because i thought the kind of agenda that we are attempt to go put together here overhauling health care and rebuilding our military, securing the border, those take more than just a few months. They take a long time. At least a year and so thats why we are working on the path to get it right and not constrain it to some artificial deadline, nancy. Mr. Speaker, high risk pools dont have the greatest track record. In wisconsin your highrisk pools were unaffordable. No, it was actually pretty darn good but this will add federal funding now. Think of highrisk pools. There were state that is had highrisk pools or risksharing like the main plan, none of them had any federal funding to them. None of them had any federal resources. That takes the idea and adds federal resources to it to make sure it works even better and hhs will coordinate with those states to make sure they have good mechanisms in place. We have seen states, wyoming had a one good, Washington State had a good one, maine had a good one, they work. Now that we are going to be add federal funding to it, theyll work even better and lower prices even more. We reassure people with preexisting conditions that they wont be better off . People would be better off, thats the whole goal here. The problem with obamacare is people get one choice at best in a third of all the counties in america. Five states, you have one plan to choose from. Thats not very good to have a monopoly giving you Health Insurance. Our job here is to make sure that people get more choices and by getting more choices, you can get better quality Health Insurance and lower prices and we preserve those protections from people with preexisting conditions, thats the goal of this bill. Thats what this bill achieves and we think its going to be a big improvement on the status quo which is collapsing before us. Thank you, mr. Speaker. [inaudible] [laughter] they will withhold those for a funding bill. Yeah, she said something to me about that. Whats your reaction to that . Be shocked that they would want to see a government shutdown. Lets take a step back. The reason this funding bill is not ready is because democrats have been dragging their feet. Periodically they havent been showing up for negotiations, the reason we need an extension in the first place is because democrats are dragging their feet. Even if we get an agreement, lets just say in ten minutes, we simply cant process the paperwork that long and we have a threeday rule. People need to be able to read the bill. Inevitable under any scenario or circumstances requires a shortterm extension and im confident we will be able to pass a shortterm extension and i would be shocked that the democrats would want to create a shutdown because they have been dragging their feet. Yeah, casey. Back to health care for a moment. With all the changes that you have made, should this be an easy yes vote for moderates . Its his amendment. [inaudible] well, i dont know if thats the case. I say Tom Macarthur who understands insurance has come with innovative amendment that we think works really well and it gets to where we all wanting to, we want to bring down costs, we want to preserve protections for people with preexisting conditions and we want to respect the fact that states, you know, have different issues, Different Health care marketplaces and we want to give stat greater flexibilities so theyan get the maxum reduction in policies and premiums and so that we can get the best possible Health Care System. What we have learned is a cookiecutter onesizefitsall and Different Countries have different rules and different systems, we need to respect that and thats what this macarthur amendments does. Hes one of the leading shot sorry. It was a good shot. That was pretty cool. One of the leading members of the tuesday group. Arent peoples seats potentially at risk . We all campaigned on repealing and replacing a law thats collapsing. The american Health Care System in the individual market is imperil right now. We have a moral obligation to prevent people from getting hurt, stop damage from being continued and we promised that we would do this if you violate your promise, if you commit the sin of hypocrisy in politics, thats the greater risk to a persons seat. Dude in the back. [inaudible] we are in litigation. I wont go into details of that. Its a difference between separation of powers. We are in existing litigation and the white house, the administration has been making those payments while thats pending which is still pending. I think the white house has already made comments on this and i will leave it at that. I wont speculate. Yeah. Thank you. I will go back to you next. The House Oversight committee is showing concern about michael flynn. Im wondering in failure to discloses, do you believe he may have broken the law and number two, are you concerned about the white houses vetting procedures and actually hiring i dont know if he did or he did not. Thats why we have an investigation. This is part of our Ongoing Investigation over at hipsc as well and we will find through an investigation. Im not going to prejudge a conclusion. Where do you stand should the [inaudible] i wont get into i do believe that the Health Benefits should be extended. Im not going to insert myself into ongoing negotiations that the appropriators are having of that. Last question. The Tax Foundation, tax reform, tax cuts, you guys decided on the republican side, but one of the assumptions, and so im curious as to [inaudible] its all about Interest Rates, right, jonathan. I think under most models you assume a normalization of Interest Rates will occur. The question is do Interest Rates go above their normal, normal rates or go higher because of debt and deficits, crowding out investment. I do believe that we have to have fiscal discipline in addition to wealth. You know me well, that means reforming entitlement programs. Ic passing thiS Health Care bill which helps go at lowering the cost of health care is extremely important if youre going lower fiscal exposure, if youre going to help close the debt. One of the biggest drivers of our debt is high cost of health care. We will have system thats restored of reviving the market. Thats one of the greatest thing we can do to bring High Health Care costs. I do believe that you have to have comprehensive entitlement reforms along with progrowth legislation like tax reform to get the best of both worlds which is getting the debt under control, getting people back to work and getting faster Economic Growth that gives us better revenues. That was the last one . Its my turn to ask a question. How many junior reporters do we have here today including photographers . Stuart i want to move this along. Congressman duffy, still with us and listening to whats been said. The speaker said they are not going to go into a vote until they have the votes and earlier we were told that they are within lower Single Digits. Can you confirm that they are that close, sir . I cant, stuart. I think we are close. We want to get a compromise. We want to fix health care. One of the burning issues right now as members of congress, we want to take a look at this amendment, this new compromise. We had a process and you just cant instant i will say, yes, its something that you havent gone through and some with busy schedules and need time to look at it and i feel comfortable with this agreement that youre probably going to get 216 republicans to support it, maybe democrats and we will get it across finish line. Stuart we really like to hear that you get it done tomorrow or saturday. Cant go quite that far. Are we close to friday or saturday, come on, tell me . No, no. As you just noted, we are closed and i think when you get to the number you wanting to right away. You dont want to wait. When you get the number, you move ahead. Timelines in the house because the amendment has been filed, we can move as quickly as we have 216 yes votes. Stuart i know you to run. Thanks for bearing with us throughout this program. Dan haninger is with us. Theres a thought that compromise in politics is a fourletter word. Its the coin of the realm and thats what they are doing here Freedom Caucus did not get the essential Health Care Benefits pulled out of the bill, the speaker just said that would be in their states, we will need to seek a waiver. Thats what the Freedom Caucus wanted, the ability of the states to seek waivers and to have the flexibility to start designing their own plans. They are going to get that, the moderates in return are going to get the fact that people with preexisting conditions wl still be in the bill and one of the most iortant things he mentioned is that the federal government will now contribute to catastrophic highrisk health pools. Thats a big deal. Stuart a compromise thats made for both sides here. Absolutely. Stuart thats a classic compromise, for sure. The president was just asked a question and responding about nafta, role tape, please. Venezuela is a mess. [inaudible] well, i was going to terminate nafta as of two or three days from now. The president of mexico who i have a very, very Good Relationship called me and also the Prime Minister of canada who i have a very Good Relationship and i like both of these gentlemen very much and they called me and said rather than terminating nafta, could you please renegotiate. I like them very much, i respect their countries very much, the relationship is very special and i said, i will hold on the termination, lets see if we can make it a fair deal because nafta has been a horrible deal for the United States. Its been very good for canada and very good for mexico but its been horrible for the United States. And if you check my campaign, any of my speeches, i said i will either renegotiate or i will terminate. So they asked me to renegotiate, i will and i think we will be success nfl the renegotiation which frankly would be good because it would be simpler but they understand that. And so i decided rather than terminating nafta, which will be a pretty big, you know, shock to the system, we will renegotiate. Now, if im unable to make a fair deal, if im unable to make a fair deal for the United States, meaning a fair deal for our workers and companies, i will terminate nafta. But we are going to give renegotiation a strong shot. Thank you very much, everybody. Thank you. Thank you very much. Stuart may i suggest that that was classic trump. He established an extremely strong position. Im going to terminate nafta. He then hears from the leader of mexico and canada, why dont we renegotiate and trump says, yes, classic trump. Thats his mo, thats the way he does business. This is the guy that fired 58 tomahawk missiles. They picked up the phone and called him. Stuart four, five of us were sitting here watching President Trump responding on nafta and we are enjoying listening to him, not for the content, but the style of delivering of this president. Liz for eight years we listened a president that took 2 Million Words to answer twothree word questions. [laughter] stuart the judge is here. Im thinking nafta is not a treaty, it was a statute. It was approved by the congress. How can he terminate it . Hes not the congress. Am i a killjoy . [laughter] stuart i think he wants out. [laughter] stuart mr. Hanniger, thank you for joining us. I love it. Im going to get back for the fore mentioned judge because President Trump unveiled tax reform plan. Napolitano is here. Are you going to repeat the oldworntired mantra that all tax is debt . [laughter] i remember Thomas Jefferson who collected taxes and imposed taxes believed that it was theft. I think its not going to be that easy to get through the proposal. Stuart youve heard . As attractive it is to a lot of us because it lowers rates stuart why not . Because of the deficit hawks. I know two or three republican deficits in the senate and two in the house who will not be in favor of any significant tax rate reduction that would produces less in revenue without a reduction in spending. Stuart the argument is, you produce less in revenue to start with, but then the tax cuts create growth down the road which increases. We have the example of the reagan years. A relatively historic of that working. A lot of these people and some of the same people that dan writes about in the Freedom Caucus, are pretty obstinant about that. If there are no tax cuts and no spending cuts, its going to add a trillion a year to operate the government. Stuart thats using static accounting. If you use dynamic accounting its a very different story. Dynamic story is when you create growth, you get more money coming in i understand the theory. I happen to believe that myself. There are also people who are terrified of debt and i think theres a number of them, republicans in the congress to require democrats to support this. Stuart i noticed that you did not mention democrats terrified of debt. Democrats love debt. [laughter] stuart have you heard a democrat growth plan because i havent, you heard one . None whatsoever. The last democratic growth plan was Barack Obamas 800 billiondollar stimulus, did nothing to grow the economy and then he turned the economy over to the Federal Reserve for eight years. Has a single democrat opined on the president s proposal in a favorable way . Stuart not to my knowledge. Democrats have said two things to my knowledge, number one, its a give away to the rich, number two, it raises it grows the deficit. So lets deal with number one, its a give away to the rich. I dont believe it is. What is it . I think theyre going to think twice about this. Taxes are being lowered to middleclass. Look, if my boss tax rate is going to reduce 15 , it doesnt take so much logic that maybe some of that money is going to fall to me in higher wages. School teachers are going to benefit from this, the type of people that are the core basedemocratic voters, how are their representatives and Congress Vote against it when so many people that voted for them will benefit immediately from the tax cut. Stuart in my opinion, the biggest beneficiaries are the Middle Americans. Youre hiding your bitterness but i know its there. Stuart no, no. [laughter] stuart i want to see america get moving. I want growth. If thats the deal that our president can get for us, i will take a 4point cut as opposed to 20point cut. I will take the thing. Democratic argument that it benefits the rich even makes any sense to democrats this time around. Liz Everybody Knows its a tiredold arguments and the democrats have no response about the Small Business tax cut. It is contradicts from them about how that will raise growth. They are silent on the president s move to help Small Businesses. Stuart one more issue. The president proposes in this tax reform plan to get rid of all deductions except mortgage interest and except charitable deductions. When you pay a whole bunch of money for state taxes, california, new york, for example, thats not a deductible, thats a real hit on wealthy parttime who pay enormous amount of money in state taxes and could no longer deduct it. Thats a hit on the upper classes. Im thinking im in britain. [laughter] stuart i slip into it. Im very, very sorry. Are we done . Liz we are done. Im sitting next to a member of the upper class. [laughter] stuart while we are on the subject, let me just say i think i have a minute left and i have to say this, when i was growing up in england, i was a lowermiddle class kid, my father never owned a car, lowermiddle f class kid, good family, i knew the upper classes looked down on us, the elites looked down on me and i resented it like you wouldnt beliee it. Liz they do it here. Stuart you come to america, what did the elites do in the last election . They looked down on trump people, they looked down on people like me, the strivers of this world trying the climb the food chain. I felt exactly the same in that election as i felt living in britain years ago. Very articulate when i get under your skin. [laughter] stuart anything to add . Thats going viral. [laughter] stuart all right, everybody, that was fun. We will be back. Neil payperview of the kids earlier. Frightened out of their mind. Why were they holding up crucifixes . Stuart do you have a show to do . Neil no, i like to talk to you all day. Man, oh, man. I got them on a loop in my office now. Than