Transcripts For FBC Varney Company 20170725

Vote. Donald trump pushing hard for a yes vote. He says there is still time to do the right thing. He tweeted republicans should step up to the plate, crunch time has arrived. Todays vote dominates politics. How about money . A race to be the richest person in the world, jeff bezos close to exceeding bill gates after another high for the stock. Amazons founder is 3 billion behind. This guy, mark soderberg, is worth 70 billion. Facebook stock hit another record high and that stock has made him an extra 20 billion this calendar year. Watch out larry page and sergei brin, the google guys, their stock will come down and network will take a minor hit. The money story of the day, the massive wealth and power of the five Big Technology companies, the political story, the senate vote crucial to the Trump Presidency and political future of the Republican Party, highstakes indeed. And we are looking at another new high for the Dow Jones Industrials, up 100, 29 minutes from now. Varney and company is about to begin. Happening right now, around 2, the white house advisor Jared Kushner appearing today before the house until committee. In a statement yesterday he said he didnt collude with the russians and doesnt know anyone who did. He is expected to say the same today behind closed doors. Big deal in the fashion world. Michael coors buying jimmy choo. What is this about . Jimmy choo is the most bought and sold shoe company in the world, has been sold five time since 1996 so they are selling it and will focus instead on their other brands like coffee and food. They own panera, cure, green mountain, krispy kreme. Stuart nobody knows that. Nobody knows the owners of jimmy choo currently also own krispy kreme, caribou coffee, panera, another one, green mountain. They are trying to focus on coffee and food. Michael coorss strategy has been to double down on the size of its stores. Is that good in the retail ice age . A good deal to unload jimmy choo since 2011 and making a profit on it. Stuart would you buy a 1000 pair jimmy choo shoes online . No. This is so sex and the city circa 1995 so sorry. Just editorializing. Stuart we are looking at how the market will open later this morning and it is a triple digit gain, 108 points, the s p also up but the nasdaq will go down because google is going to go down big in the opening bell. Five stocks which are in the dow 30 reported profits early this morning. 3m, caterpillar, dupont, mcdonalds, united technologies, big numbers from caterpillar, the company did well, stock going up, that will add 33 points to the dow industrials when the market opens. Watch out for triple digit pain. I went to bring in steve cortez, earnings season has kicked into high gear, the swamp still getting nothing done. You like that line so steve, profits now more important than politics for the market overall . Absolutely but they are both important, doesnt have to be binary. What the market is telling us is the swamp, excruciating to watch the swamp hour by hour on cable news because the legislative process is so frustrating. Stuart it is not excruciating to watch varney and company. Never excruciating to watch you, it is excruciating to watch coverage of the hill and the way hell republicans is let me be clear on that we want everybody to tune into us but it is excruciating to watch the process on capitol hill and in some ways this is supposed to be the process in a democracy but that doesnt mean it is not frustrating but to connect the dots between markets and politics what the markets are telling us is at the end of the day tax cuts are going to happen, stocks, earnings already strong and getting stronger. These are blowout reports and from disparate companies, mcdonalds on one hand, consumeroriented company to caterpillar, heavy industry, fantastic earnings, stocks soaring so theres tremendous optimism already on the ground, tremendous momentum. If we throw taxcut in this is a small fire right now that is burning, if we throw gasoline of tax cuts on this could become a wonderful bonfire of Economic Opportunity for america. Stuart lets talk about alphabet. They are going to be down maybe 25 at the opening bell today but the other Big Technology companies are way up there. My question for a lot of viewers who asked me this, why not sell maybe half your holdings in any of the big five Technology Companies . Take some money off the table and be safe for a while . Is better kind of economic Financial Advice you would be giving right now . I do think rotation will be the next in the stock market. The stock market has done well but it has been barely concentrated among a lot of big tech names. Im not against them, i wouldnt short any of them but they had a terrific run so i think it makes sense if you have been fortunate enough to participate in some of those talk to take some profits and look to areas that havent and as well particularly energy. I love the Energy Sector from here which has been tossed aside by most of wall street. Theres a phrase, when they are cry i am buying, there has been a lot of crying in the Energy Sector but i am buying, there is opportunity in energy. Im not antitech but it has had a great run. It might return for the next, the less attractive bridesmaid for the next wedding invitation or the next Marriage Proposal and that is energy. Stuart profits are certainly helping the market this morning, we are up 110, 113 points, see you again real soon. Donald trump calling out the Washington Post. Fake News Washington post being used as a lobbyist weapon against congress to keep politicians from looking into amazon no tax monopoly . The outburst from my right from merrick is the with the wall street journal. It seems like the president , some democrats and the republicans are ganging up on the amazons of the world because their too written too powerful. Will go anywhere . I wish he spent as much time pushing healthcare reform as he does attacking amazon. If you believe amazon is a monopoly, if you want to make that argument then the right thing to do is keep the market competitive. Make it easier for entrepreneurs to come in and challenge amazon. That is not a tactic the president is taking. Amazon has benefited from regulation in washington, the ebook case where they went after apple and said apple is challenging us to we dont like that and the Obama Justice department basically preserved amazons position in the ebook market, something trump could look at. Stuart is your position that they should not go after the amazons of the world and even if they do wont be successful . Better to have a competitive marketplace. They want to look at things like antitrust and ebooks and the like go ahead and do that but if the president wants to do that, the best way is to have a growing economy, more companies, amazon, amazon didnt exist. Stuart i cant believe the republicans in the senate will vote no or not to continue the discussion today. I cant believe the gop will destroy itself. Can you . Yes i can. I absolutely can. You are not seeing a lot of republican standing on principle here. They ran for four election cycles to get rid of obamacare. This was supposed to be done in the springtime. We are in the middle of summer. Stuart if you are not so sure they wont vote no, do you agree with me it is the end of the Republican Party in the next election . I think so. It will be a wipe out. You dont go to voters and say elect me on this major promise and throw up your hands and say it is too hard, let the perfect be the enemy of the good here. Republicans have a huge opportunity, 10 democrats are up for reelection next year in statement trump won. The only republican to voice concerns about obamacare, dean heller is the only one up for reelection next year, the rest are up for reelection for two, four six years later. I just cant do it now they are never going to do it. It is appalling it hasnt been done already. Stuart you did not move the market since you started talking. The dow has gone from plus 110 to plus 134. A lot of that is the hope for tax reform. That will be tough too. You think healthcare is hard, think about all the industries. Stuart i cant believe republicans would say we are not going to discuss any further. Look what happened in the house, how long it took the house, the house got there. If you have senators saying we need more medicaid, we need more billions of dollars for opioids, already spending 45 billion, what you have is republicans on the left who look like democrats and republicans on the right like rand paul who dont want to get anything done. Stuart you make a lot of sense, dont be such a stranger. Attention rumba earners, your robot vacuum is creating virtual maps of your home. They make the rumba and selling the data to the highest bidder. How do you feel about that . It is spooky. Stuart it is a good marketing tool. They want the measurements. They want to smell smart homes. Stuart we will get it to you. Next case, more stable meddling, Nuclear Saber rattling from north korea prince to launch a new into, quote, the heart of the United States if america tries to overthrow the regime. Chaos in venezuela, more clashes between antigovernment protesters and police, socialists are about to seize absolute power. A civil war on our own doorstep . Stuart north korea threatens to strike america with, quote, powerful Nuclear Hammer. Morons this. Ashley i love the rhetoric from pyongyang because it is so overthetop. This is from the North Korean Foreign Ministry through state media. To the us there to show the slightest sign of an attempt to remove our supreme leadership we will strike a merciless blow at the heart of the us with a powerful Nuclear Hammer honed and hardened over time and goes on along the same lines, they were upset about a comment from the cia director who said it becomes clear the ultimate aim is the threat of Nuclear Weapons in north korea is a threat to us all and maybe the person in charge of north korea needs to be separated from what is going on with your development. That was taken as a threat. Stuart if that is not a friendly warning i dont know what is. Venezuela. No laughing matter. Venezuela, mike baker is chuckling away on the righthand side of your screen. You are a former covert cia operations guy. Looks to us from a distance like we are going to have a civil war in venezuela right on our doorstep. Do you disagree with that . No. Looks like it from closeup too. I have done a lot of work in venezuela over the years and it has been several years in the making. It has been a crumbling situation starting to come to a head because at the end of the day a population can only suffer so much before they rise up and look at these protests, violence occurring since spring of this year. This has been building for a long time. A crumbling economy, complete lack of basic goods for the population, crime activity has been skyrocketing. It is a miserable existence for the average citizen in venezuela and it has been that way not just since maduro shook over from chavez. Stuart the only way to get the government because they are going to hold on forever is going to be an armed insurrection. Im not forecasting this were suggesting it but there are guns and weapons all over venezuela in the hands of the government, doesnt take much to imagine some of them cutting in the hand of the opposition and you do have a hot war civil war and it could come to an end this weekend. Of maduro is insane enough to push forward with this rewrite of the constitution that millions of citizens in venezuela have come out again, then that is the tipping point. That is where we start to see not just occasional street protests and one day strike, we see this tip over into largescale significant protests and potential for violence, there is no reluctance to use his military police to crack down on the citizens. This could get ugly quickly. I would hope the us and others would step in with extremely meaningful sanctions and very vocal opposition to maduro. I suspect that will happen unless our media in the us gets distracted by the trump administration. Stuart or less you guys quietly in the cia, your former employer, do something behind the scenes and precipitate you are not going there. I have no idea what you are talking about. That thing about the cia being involved in government, that is not going to happen. You need to take this seriously. I think the Current Administration will take action that means something but you are right. Mindoro wont go easily, we underestimated the ability of the population to suffer and they have been suffering for a long time. Anyone who has the ability to has moved their money and their families out of venezuela at this stage but change is coming and maduro is too obstinate to step out of the way. Stuart i read a lot into what you are saying, i hope you will come back next week. Lets get your money. Not your money, this is still politics. Donald trump is calling out his own attorney general saying Jeff Sessions is taking, quote, a very weak position on the investigation into Hillary Clinton. 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Thats why at comcast were continuing to make4 7. Our services more reliable than ever. Like technology that can update itself. An advanced fibernetwork infrustructure. New, more Reliable Equipment for your home. And a new culture built around customer service. It all adds up to our most Reliable Network ever. One that keeps you connected to what matters most. Stuart look at this. Caterpillar is a dow stock. Forecaster goods outlook in the future, profits currently very good, stock is up 5 , that adds 40 points. How about mcdonalds . Higher sales there, that stock will open at or close to the new alltime high, better sales up 31 2 . Restaurant chain, Industrial Company much better profits, very bullish for the overall market. Politics, donald trump taking aim at the attorney general over Hillary Clinton, quote, attorney general sessions has taken a weak position on Hillary Clinton crime is was where our emails and dnc server and intel leaks. You dont approve of this. Liz it is stunning and unheard of for president to say to his top Law Enforcement guy go after my political opponent. We havent seen that in the United States in so blatant a fashion and the president s base likes what Jeff Sessions is doing, crackdown on criminal street gangs, Border Security. Ashley remarkably popular in the senate, he has been there 16 years, a lot of powerful republicans on his side it is losing support in his own party and, donald trump, he needs to have these comments away from twitter, away from cameras and bring the Party Together so it works against him to call sessions beleaguered and week. Stuart it is a distraction from the crucial vote on healthcare today and a speech by the president in ohio tonight. Check the futures market because we are going to open hires is Tuesday Morning up 100 points when the dow industrials open for business in four minutes, we will take you to wall street on a 100 point rally. Stuart well, ladies and gentlemen, have we got a big show and a big day for you. Open trading session about 10 seconds. You are going to see a gain of 80, 90, maybe 100 points. Profits are very strong and very important vote on health care later on today. That is the backdrop. Dang, 9 30. We are up and running. Up 142 points. 144 points. A big smile, everybody. This is a day to remember. The s p 500, how did that open . The dow is up six points. S p at. 3 . I hate to ask, but show me the nasdaq. A whopping great loss at google taking the steam out of the nasdaq. It is down five points, only a fraction of 1 . A couple of news items. Michael kors by jimmy choo. Michael kors is down 1. 83. How about google, they took a hit. They are taking a period theyve got a big fine to pay the european and their revenue we will explain revenue is down, the stock is up 30 bucks. Move on. Who is with us on this wonderful day . Ashley webster, thank you for being here. Elizabeth make donald, thank you for your hard work. You two are the characters and i thank you. Murphy and shelley d. , you are all right. Mike, to you first. I see signs that some people taking money off the table when it comes to the big five Technology Companies. The beginning every allocation of money to other stocks. Rotation. We look at the earnings. We came into the big things for earnings growth. Where are you getting growth . Caterpillar. You can take some money off the Big Technology names because no one ever argued they were cheap. They were just a place to find growth. Now you can allocate money elsewhere both having huge earnings quite a bit higher. That is healthy for the market. Stuart you are very much a trading kind of guy. Are you seeing rotation out of the bigname techs . This is what we see right in front of our eyes. They spoke on amazon, netflix and google are raw and what traders would say is an overbought territory. Relative staff telling us they are overbought. Any news, even if its good you will find a lot of hard profit. We are starting to see on technology stocks. What a great place in america is. I can talk about mcdonalds, caterpillar and jimmy choo shoes in one category. We are seeing the growth in other stocks. As everybody knows, earnings season is well underway now. Dig names have reported today on the screen for you. Theres the big names. Theyve all reported pretty good start. I see a bank bear, industrial like caterpillar, mcdonald, et cetera, et cetera. Back to you for a second. His earnings profits now more important than politics when it comes to the overall market . It seems like a lot is more important than politics. Earnings expectations are low, so earnings will be good. We really cant forget about the fact theyre so much liquidity out there. The there. Central bank liquidity, corporate liquidity and momandpop at home liquidity because they put politics aside and the economy is starting to pick up. Right now it is a liquidity game rather than a political game and that is the shortterm driver. Stuart okay. News of the day, michael kors by jimmy choo. Before we go into the details of this, i want to point out to everybody, the jb currently owns a jimmy choo. Theyve got all kinds of other companies under their wing. Liz that is right. They have been her bread, coffee companies, curate, green mountain, krispy kreme. This shop is focusing on food and coffee. So this is the most bought and sold shoe company in the history of the country. It has been bought and sold. Michael corr has seen a sales decline for the last three years. It is doubling down and building even more retail shops. Im not sure that the good in the retail peer we should buy a 1000dollar parachute online. Thats right. Either lowend or highend. Is this a retailer that you would buy at 33 . As was pointed out, their main segment is a handbag segment. Sales were up 15 annually in a few years ago. Now they are 2 to 3 . They have to buy growth. I like the strategy. Stuart what do you say, Scott Shellady . I dont have anything he should save but if anyone is wondering, jimmy choo black pumps i wear a size 12. Stuart that was a good answer actually. We have five minutes into the trading session Tuesday Morning. 131 puts out 21,645. By the way, the alltime intraday high is 21681. 40 odd points to go before we hit a brand new alltime never tested before. Startup with General Motors appears slightly lower profits. The stock still right there. Thirtyfive dollars a share. Jetblue the airline. Everybody gets to see television life. Jetblue is making more money, up 1. 3 . They build them brandnew. Better profit, the stock is up not much at all. Sixpence is all youve got. Heres an interesting story from german automakers. Theyve been hit with allegations of collusion. This is not russia, russia, russia. Solution. This was a report in the newspaper in germany claiming the diver, bmw come which includes audi, mercedes all collude on pricing in technology. Quite a blockbuster report in the german newspaper. There has been vehement denials from the automakers, but jumping on it right away coming to e. U. As you can imagine jumping in already got this under investigation. The rma current germany under fire for diesel emissions. They say theyre not good enough then they should be recorded because even though it diesel was supposed to clean up, it does have some harmful products than it and some german cities have bad pollution problems. Stuart when i think of car company stays, i think tesla, google and microsoft. Thats what i think of. However, ill tell you this. More u. S. Cars with an american marker being made in mexico. Next month the white house kicks off new tax to overhaul nafta. Scott, i just dont see a wholesale renegotiation, do you . We are mired down on a lot of other things in health care. I dont see that make it back to the forefront at all. I dont expect anything earth shattering in the business at hand which is Congress Getting something done for us. Stuart yes, today by the way. The crucial debate in the United States senate. That is key to the Growth Program going forward, to the presidency and the reputation of the gop. Here is a separate story, very much down the food chain. Your roomba robot vacuum cleaner is making a map of your home and its Parent Company i robot is selling the data to smartphone manufacturers. You said before that is creepy, nonsense. There is nothing wrong with that, is there . Liz maybe for you because you go to bed at 7 00 invite cheap mcdonalds coffee is in a cucumber signatures. What is to know about you . This looks like an nsa and vacuum robot cleaner, but its actually fine spying. Apple, google for internet connected homes. It seems weird. By the way, this is bomb mapping sensing technology. Thats how it started. It was built on military technology. Do you want that in your home . Stuart his name is mike murphy. Cucumber sandwich on the side. This is the future data of all Companies Looking for data and selling data. This is where we are going. There is not video camera recording your voice. Scott can make it into this. I know youve got something to say. Thats a new generation. No one else might be too big of a word, but at the end of the day, the new kids coming up are willing to sacrifice their privacy for convenience. That is something they are moving more toward spirit and in order to make it convenient, i dont care if they know everything about me. Thats the whole night shift was in front our faces. Stuart by the way, i go to bed about 8 00. Liz i am so sorry about that. Stuart amazon is going to meet tomorrow with ranchers reportedly wanting to expand distribution of organic grass fed meat as it takes over whole foods. Scott, you raise cattle or at least he used to before he moved to london. What you say about this . Well i mean, great, if they can get it to last and if you want it cheaper than anywhere else, yeah. Weve all seen the omaha steaks, stuff like that. I dont have any problems with it. Ultimately, amazon is in the cloud and at the same time its a great distribution company. But those two things together and its cheaper to me, ill take it. Stuart youve got that right. 10 minutes into the trading session. You might both of you, thank you very much indeed. Check the big board. We were up 150. Now we are up near 111 points. That still puts 21624. An update on a very sad story we brought you yesterday. Human traffickers leaving a truck full of Illegal Immigrants in a Texas Walmart parking lot in 100degree heat. 10 people dead. Texas Lieutenant Governor says sanctuary cities are to blame. More details on that coming up. Do or die time on capitol hill. The future of the Health Reform and Republican Party down to the wire. Watch it unfold here. There will be a vote today. More varney after this. Stuart now were up 112 points. The level is 21625. A little geewhiz to start things going. Toyota will sell longrange fast charging electric cars. I will be five years from now. Give me more on this, please. Nicole. Reporter this is very interesting. A new vehicle takes about 20 to 30 minutes to charge. By the way, toyota a path a percent. Toyota will charge until about 200 miles. They are saying that this new car can charge in just a few minutes. I mean, thats fantastic. You get the amount, already reach and its fantastic and it will have a longer range. Heres the catch. It will not be available in japan until 2022. It may be dead by then. Take a look at the latest and most popular electronic. Toyota says they want to really close the gap on nissan and toyota motor. Tesla model acts with that prime and those are the electric vehicles now. Stuart 82 or three minute chargebacks every charging station. Youre in, youre out. Sorry ive got to run. Im coming up against a hard break. Thank you very much. More on this later. A number for everybody. 73 of gop coverage losses can be attributed to repealing the individual mandate. Thats on the National Review based on leaked Budget Office numbers. Okay, not so weve got for you. Douglas holtzeakin joins us. What is with this . I was told that millions of people would lose coverage. This seems to contradict that to some degree. I think the real evidence is writing the cbo scores. If you look at the score of the house passed bill for any senate bills they are considering a new look at 2018, in that year, all of obama kerry still in place except for one thing and that is the individual mandate. And Something Like seven or 8 Million People walk away from their individual policies because they dont like their insurance and as many as 5 Million People walk away from the free medicaid program. You let Something Like 13 or 14 million americans choose not to be enjoyed in the first year and that is the vast majority of these numbers here. 22, 23 Million People left uninsured by the proposed legislation. Stuart gee, i wish it had been reported by god in the first place but it certainly was not. The senate is moving ahead with a motion to proceed. I want to get back to technically correct. The motion to proceed today. I have to tell you, douglas, and i cannot believe that the gop will walk away from this and they know, you may not proceed. How do you see it going . I think its hard to imagine them not taking a vote just to take a vote. That is a genuinely procedural decision. If they vote yes, they still have an enormous array of options in front of them. They can go per se repeal bills, repeal and replace, vote for the grand amendment which would turn all the individual state block grant. A whole bunch of options are on the table. This vote is simply to examine the options. If there is a guess on the vote basically to proceed, if there is back, does that mean theyre pretty much locked into getting a republican solution to obamacare . We dont know exactly what its going to be, but a republican solution at some point in this congress, correct . Not quite. What it would say is there a good 20 hours of debate so that its unlike other senate situations where you can filibuster. 20 hours of debate and then votes on open amendments. Everything is up for potential vote. That leads to the spectacle where voters have essentially zero time to study. It got to vote yes or no. That doesnt mean they get to 51 and pass and thats the key issue. Can they get something to send back to the house. What they cant, they just stay in session, dont they . We heard from john wade, that doesnt mean its over. We can always go back to take more votes. Stuart up against a rock and a hard place. I see about 25. The dow was up 108 points. Get this. A tech worker employed by the democrats found with smashed computer hard drives connected to congresswoman Debbie Wasserman schultz. Does that sound intriguing . Yes it does. That is up next. You always pay 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 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Stuart breaking news did a navy ship firing warning shots of the iranians. U. S. Navy patrol because they got too close where theyve ignored radio transmissions. The uss thunderbolt as its called throughout some flares to say look, go away. It didnt respond to be opened up a 50 caliber machine gun. This happened today while the u. S. Navy is conducting some exercises in the persian gulf. Stuart weve got it. An exclusive story from the daily collar. Fbi agent seized smashed computer hard drives from the home of a tech worker who worked for Debbie Wasserman schultz. The daily collar Investigative Reporter joins us now. Can you give me some yvonne this . A complicated story and ill been three pakistani brothers. Why is it so important . This is a recurring team of cyberattacks weve seen again and again. For the sleeper story, the one we havent been hearing about much at all is another one on the house of representatives. There is a nondoing criminal investigation into a major cyberbreach, involving not outside act is, but inside men. Stuart the three pakistani brothers . Yes, people who work for a long time for democratic members, and fairer criminal suspects that were for Debbie Wasserman schultz for a long time and now we are just learning that the fbi is involved in the investigation as well. Stuart what is the implication behind the three pakistani brothers during Information Technology work for Debbie Wasserman schultz another democrats and a couple republicans in the house . Were doing work for interpublic ends. As all democrats. The i. T. Guys have access for the members that they work for dozens of members. Soon after this guy started working for Debbie Wasserman schultz come all of his relatives appear on the payroll and they collected 4 million, very unusual. It is unclear what the investigation stands in its entirety, but a lot of red flags for these guys. Im told they were sending information to an outside server. When you look into their backgrounds, these guys have been accused of fraud repeatedly in civil lawsuits. Its really a bizarre story. They set up an llc called cia llc if you could believe that while working for the house of representatives. This llc was a car dealership took 100,000 from an iraqi politician. The stepmother does accuse them of a wiretapping extortion. Stuart where the pakistani brothers now . They are taking steps to hide the exact addresses and and a wife who is also on the payroll have left for pakistanis. If the fbi has a smashed hard drive, what might they get out of the smashed hard drives if they could get into it on. We dont know what theyll find, but enron and Debbie Wasserman schultz dont want evidence examined. That is the weird thing here. We saw that with the dnc where they didnt turn their server over to the fbi. You would think Debbie Wasserman schultz would say i cant believe my i. T. Guy was allegedly hacking. I wanted him to the full extent of the law. She is blocking the Capitol Police from reviewing it, saying the constitutional issues and even threatening the Capitol Police with quote consequences if he doesnt get it back. Stuart luke, please come back on the show. Obviously a very important developing story. We want more on that later. Luke rosiak, daily collar. A new vision for the party, they want a better deal. My take on not at the top of the hour. My take on that at the top of the hour. Stuart first, were going to increase peoples pay. Who said that . Senate democrat leader charles schumer. It was the opening salvo in his plan to start winning elections, a plan for the economy. All right. How will the democrats raise peoples pay . Good question. Heres the answer. The senators answer is a 15 an hour minimum wage. Thats a shaky proposition. Workers in maine and elsewhere dont want to hire minimum because it leads to fewer jobs, and technology is killing those jobs anyway. Second item, were going to lower peoples everyday expenses. Well, thats rich coming from the party which gave us obamacare which drastically increased so many peoples expenses. Senator schumer doesnt say much about reducing the demands on taxpayers. Third, provide workers with the tools they need for the 21st century. I dont know what that means. Education reform, probably not. Perhaps its the democrats who need new tools. After all, they doubled the debt in eight years. Add up everything in the democrats new economic toolbox, and theres not much thats new. Just like the obama years, the plan is all about government telling business what to do. As if government knows better. As if rules and mandates create growth. This is not a dynamic win back the Political Initiative plan, it is a saint that the democrats have not moved on from the obama years. Theyre still the party of government. If there is a massive trump failure on health care and tax cuts, then the democrats may achieve some electoral success by default. But if the president gets a win and his growth agenda proceeds, the democrats economic plan they call it a better deal is a nonstarter. The second hour of Varney Company is about to begin. Stuart all right, im just getting it now, new numbers on Consumer Confidence 121. 1. So its a nice uptrend. Its better than expected. They were looking at around 117. The mood on main street turning positive. It is sticking at around 15year highs. Consumer sentiments was starting to track down to where it was in october before the election, but since the president won, the mood on main street has been trending pretty positively right now. Stuart if you expected that to produce some kind of bounce on wall street, at this point it has not happened. The dow industrials are up 82 points. Not too long ago, like about ten minutes ago, we were up 150 points. So the gain has been pared maybe because a u. S. Navy ship has fired on an iranian vessel in the persian gulf. Maybe. But the markets big rally at the opening bell has come down a little. Check the big tech names. Weve got a mixed bag there. Facebook is down a little bit and alphabet is down a lot. But microsoft, amazon and apple, a all of them up a little wit. Not a little bit. Not Much Movement in the big tech. Maybe theres some rotation allt of the big fave. Mcdonalds up 3. 7 , lots of good new profit coming in. However, snap going the other way. It established a new low earlier today. Its now at 13 a share, down 2 . I want to get back to the new plan from the democrats. Virginia senator tim kaine tweeting about the partys new slogan which is, well, what he picked was better skills, better jobs, better wages. Its being mocked by some who say its too similar to papa johns tagline. Joining us now, katie pavlich, town hall editor, Fox News Contributor. I dont see anything new in the democrats new message here. I see it as a regurgitation of the obama years. What say you . Well, i think its interesting to look at who was there yesterday when they rolled out this new slogan. Which, by the way, im sure was poll tested multiple times before they came up with this very long piece of show began that theyre going to try to use to convince people to come to the democratic party. First of all, they seem to take a hit at President Trump by saying a better deal. So theyre putting part of the Resistance Movement into that. And second, did you see Bernie Sanders there, rolling out this agenda when hes really the one whos leading most of the party at this point . No, you saw Chuck Schumer and nancy pelosi who is under fire right now in her own caucus for losing so many seats across the country and turning Democratic Power over to republicans. So in terms of the policies here, theyre going to have to do a lot more work than just roll out a slogan. Stuart i didnt see it pushed up by much of the mainstream media, it wasnt boom on the front page of the new york times, Washington Post. Thats still russia, russia, russia. Right. Stuart ive got to ask you about President Trump once again criticizing Jeff Sessions. Heres the tweet from today. Attorney general Jeff Sessions has taken a weak position on Hillary Clinton crimes. Where are emails and dnc servers and intel leakers . Why doesnt the president just come right out with it and say, mr. Attorney general, i think its time you resigned . He should. I think attorney general Jeff Sessions deserves a lot more respect than hes being given. Jeff sessions was one of President Trumps early supporters when people were criticizing him in the gop primary. Jeff sessions has been there since the beginning. I can understand the frustration that the president has in terms of the recusal, but even Rudy Giuliani yesterday said, look, he had an obligation to recuse himself from the russia investigation because he was so close to the campaign. And so i think that the president has an obligation to stop tweeting publicly to embarrass the attorney general. If he wants him to leave his position, he should fire him with dignity, with respect and let him move on. But Jeff Sessions is now in this awkward position where he feels like, look, i was appointed by the president ed to do this job, ive only been here for six months. I want to do a good job for the cup, but yet my boss is publicly degrading me and, you know, talking about how im doing a terrible job. And i just dont think thats very fair. Stuart i want to ask you about this motion to proceed on health care which comes up in the senate this afternoon. From my point of view, i just cant believe that the Republican Party would say no, were stopping right now, we will not proceed. I think that would be death of the Republican Party next year. I just cant see them doing that. Can you . I can. I would never put anything beyond republicans to do that they maybe should not do. At the very least, they should vote on a motion to proceed and see if they can come to some kind of agreement. The problem is they feel like theyre not voting on something they know whats in the bill, theres been a lot of Different Things that have been put on the table stuart ooh who cares . Right. But a lot of republicans say, look, i have to go back to my state and talk about why i voted for something where i didnt know that was in it. Thats not something we want to do. I vote with you, they should vote to proceed, but i wouldnt put it past them to continue on with their shenanigans as weve seen over the last couple of weeks. Stuart oh, dear. [laughter] katie pavlik, all right [laughter] thanks very much, katie. Good stuff. You know, there have been some changes recently or some movement on the list of the worlds richest people. The top ten includes, of course, the biggest names in Technology Bill gates, microsoft, jeff bezos, amazon, mark zucker with burg, facebook zuckerberg. Jeff bezos is now worth close to 89 billion. Hes only 3 billion away from bill gates. And bill gates has been the richest guy on the planet for a long, long time. Thats right. Stuart move over, bill, it could be jeffs turn anytime soon. Jack howe is with us, barrons senior editor. Look, i show that list of the worlds richest people because i want to demonstrate the power and the wealth of the founders of these Big Technology companies. I think thats a reason why some republicans, a lot of democrats, will go after the Big Technology companies to break em up. What say you . I think there are some other reasons besides wealth and power. I think that, you know, you hook at a guy like jeff bezos, obviously, theres a connection with a newspaper that has had unfavorable things to say about the president. I think amazons, amazon definitely faces Regulatory Risk not because it is breaking actual laws, but because the president might not like it. Stuart well, listen to this, President Trump is going after the Washington Post. Yeah. Stuart this is the tweet, i believe this is first thing this morning. Here it is. Is fake News Washington post being used as a lobbyist weapon against congress to keep politicians from looking into amazon notax monopoly . Right. And the question mark, thats what you use when youre trying to promote as fact. I was just asking an innocent question. Look, first of all, you have to dissect in this. Notax amazon, it now collects sales tax in every state that has one. Obviously, in the early days of internet commerce, it didnt. Monopoly . Im not sure if the president is aware his administration is the place where an antitrust action starts. If theres an action to be brought, bring it, but hes all tweet, no action. Hes a twitter tough guy. Stuart maybe that was a threat. He cant go after the Washington Post directly because the constitution stands in his way, so hes using this as a back door to try to apply pressure via amazon. Every journalist in america ought to be disgusted. Stuart but should i, if i were to own if i were to own amazon stock, for example, should i be worried . Because maybe this will amount to something . Ill tell you one thing that ought to worry you, the actual antitrust laws in the country, theyre over 100 years old. They were built to deal with things like railroads. Theyre not built to deal with dot. Com entities. And because theyre so poorly defined for these types of companies, it allows a lot of leeway to say a what they mean right now. So we probably need for congress to think about freshening up these laws for the dot. Com era. But, yeah, i suppose you should be paying attention to the president s twitter feed if youre an amazon shareholder, sadly. Stuart should i be worried about it . Could it amount to something . I think it would be so difficult right now their actual share of retail, if youre going to claim this is a monopoly, it has a high share of the growth in ecommerce retail. But that means eventually, you know, one thing you can say is its starting to dominate some of the categories it plays in. So, you know, theres something to watch here down thed road, but, you know, like i said, this is being used totally as a this is a guy griping that the newspaper is saying mean things about him. You know what . Do better things. Maybe the newspaper will give you better coverage. Stuart jack, thanks very much for joining us. Thank you, sir. Stuart much obliged to you. The news of the day is michael kors buying jimmy choo. The deals worth a billion dollars. I want some more on this, please. Yeah, this is all about retail trends, where is this that headed . You look at the company that owns jimmy choo, its a german private equity shop. They are trying to focus now just on their coffee and food brands. They own papaer in rah bread panera bread, green mountain, caribou coffee. So, you know, jimmy choo is the most bought and sold shoe Company Since is 96, its been bog and sold five times. I dont know if this is the way to to go for michael kors stuart how many people knew that jimmy choo is owned by the same company that owns krispy kreme . Right. Stuart so many things are owned by one con conglomerate. American swimmer katie led key dominating at the World Championships in budapest. She had to wait at the finish line for 97 seconds for the last place winner, last place swimmer to finish the 1500meter freestyle. Thats something. Coming up, tragic events over the weekend. Ten undocumented immigrants found dead in the back of a sweltering tractortrailer in san antonio, texas. The states Lieutenant Governor says thats just the reason he wants to ban sanctuary cities. Were all over this story. On capitol hill, the first vote on a bill to overhaul obamacare begins today. Its a motion to proceed. Senator john mccain dose back to goes back to d. C. For the vote. Stay with us, we have details. The second hour of Varney Company is what youre watching. You owned your car for four years. You named it brad. You loved brad. And then you totaled him. You two had been through everything together. Two boyfriends, three jobs. Youre like nothing can replace brad. Then Liberty Mutual calls. And you break into your happy dance. If you sign up for better car replacement™, well pay for a car thats a model year newer with 15,000 fewer miles than your old one. Liberty stands with you™. Liberty mutual insurance. Whoa thats amazing. Hey, im the internet i know a bunch of people who would love that. The internet loves what youre doing. So build a better website in under an hour with. Gocentral from godaddy. Type in your idea. Select from designs tailored just for you and publish your site with just a few clickseven from your. Mobile phone. The internet is waiting start for free today at godaddy. Stuart moments ago Jared Kushner arrived on capitol hill. Hes going to appear before the house intelligence committee. Behind closed doors, that is. Yesterday he told the Senate Intelligence committee he did not conclude collude, i should say, with the russians and doesnt know anybody who did. And now this, the Lieutenant Governor of texas slamming sanctuary cities after ten migrants were found dead inside a sweltering tractortrailer truck in san antonio. Dan patrick says hes the Lieutenant Governor of texas sanctuary cities entice people to believe they can come to america and texas and live outside the law. They also enable human smugglers and cartels. These people paid a terrible price and demonstrate why we need a secure border and Legal Immigration reform. Joining us now is chip roy, former chief of staff to texas senator ted cruz. Is mr. Patrick right, sir . Are sanctuary cities to blame for these deaths . Well, thanks, stuart. Yeah, i think sanctuary cities are a big part of the problem, but its part of a larger problem where the United States is not serious about its immigration policies and Border Security. And what we see is the tragedy that we saw unfold in that truck this san antonio. And with ten people now dying and others that may be seriously injured, its a tragedy of epic proportions. Stuart well, this will surely give impetus to the movement within texas and elsewhere to end the whole idea of sang chew way sanctuary cities. I think thats right, and were seeing that move in texas, and im glad the Lieutenant Governor is pushing forward with that. Last year alone we saw 26,000 unaccompanieded minor children apprehended running on the tops of trains, we have mothers dying in the deserts in southwest texas. It is irresponsible for the United States to have policies that encourages people to come this way and endanger themselves rather than having a prehenceive and serious set of solutions. Stuart okay. This afternoon the senate will hold a motion to proceed. Thats a vote, essentially, on whether they keep talking on Health Reform. What do you expect to happen . Before you get to your answer, ive got to tell you, chip, youre on the inside of this. Youre a former chief of staff to texas senator ted cruz. I cant believe that the Republican Party will say, no, were not going to talk about in any longer, goodbye. I cant believe theyll do that. Well, its not a good sign that theyre obviously hoping to get senator john mccain more whom, obviously, hes in our prayers. Theyre hoping to fly him into d. C. To get to the vote. It tells you how close it is. I think its going to be very close. Im not sure theyll get there, they may. The Senate Leadership has failed to put forward a solution to get people behind republican plan and instead they viewed it as a boxchecking exercise. As katie said to to you just a little bit ago, the republicans dont know whats in the bill. This is what we saw with the democrats where we dont know whats in the bill, so people have concerns about proceeding to legislation that they dont know whats in it when were talking about onefifth of the american economy, talking about subsidies continuing, Medicaid Expansion continuing, and the good things put in the bill have been put in by conservatives in the Freedom Caucus over the last three or four months. I think well have an interesting day. Stuart what do you think is the effect on the gop the party, not the Freedom Caucus or the moderates, but the effect on the Republican Party if theres a no vote today . Well, i think it would be disastrous if they dont ultimately succeed in Getting Health Care reform that drives down Health Care Costs and premiums. What they need to do is actually get to full repeal so we can get that done. Stuart the disaster is if they do nothing. St not a disaster its not a disaster if they do something. At least theyve done something. It is a disaster if nothing is done. Its a disaster if what they do is engage in a boxchecking exercise to just do something as opposed to doing whats right for the American People. When i talk to people out here in texas, they want their premiums to to to go down. Stuart okay. They want to make sure they have access to health care. Stuart you know what im coming from. Ive got to leave you im afraid, but speaker ryan is holding a press conference as we speak thanks, stuart. Stuart he was just asked about white house personnel. Heres his answer. [inaudible] its up to the president to decide what his personnel decisions is, and any possible fallout that comes from that. If he has concerns about anyone in the administration, the conduct of their jobs, im sure hes going to talk to them directly. Yeah. The president says that the attorney general [inaudible] has been weak on investigating Hillary Clinton. Do you think that the department of justice should spend more time investigating her potential crimes . What were focused on here is doing our jobs. Were not focused on what the department of justice is or is not doing. I think the best way we can support the president and the administration is to move this agenda forward, which is what we all collectively promised we would do. Were not focused on micromanaging doj. Rachel. Sounds like a lot of the members [inaudible] and then also [inaudible] do you think [inaudible] we, the majority of our conference is for the amendment, but as you saw on the ndaa, it didnt have a majority on the floor, but a majority of our conference is for it. The typical tension of an issue like that is occurring. With respect to these four bills, we have consensus for these four bills. We do not yet have full consensus on the other eight bills. Thats what were working toward. Weve made substantial progress. The appropriators have been working with the whip to get the rest of the members onboard, and so we anticipate Building Support for the rest of our bill going into september. But right now we have consensus on these four bills, on funding our military, funding military construction, funding our veterans and funding the border wall and the physical barrier that we need on the border. Thats where we now have consensus. So were going to go and get it, go for more later, and is were making Good Progress on that. Jonathan. [inaudible] which is usually the reverse of how that usually works. Fy17 [inaudible] for health care. Theres a lot of departments and usually precedents and usual ways that have been overturned and tossed aside this year. Why do you think that was necessary, to go for these policies that you say will help . As you know, a budget resolution is not an h. R. Meaning its not a law, and appropriations with the caps in place require a law change. So a budget in and of itself does not do that. But where consensus has been reached in the Budget Committee which came out with a unanimous republican vote is on these appropriation numbers. Stuart stewart one thing i picked out there from what speaker ryan is saying is they do have a consensus on the border wall. Thats in the house of representatives. The real a action in politics today, obviously, takes place in the senate with this motion to proceed. Its really a make or break vote on the future of obamacare and the future of the Republican Party. Thats my opinion. So well leave speaker ryan for the moment, take you back to wall street where we have recovered the 100point gain for the Dow Jones Industrial average. Were back to 21,613. Id like to remind everyone that the alltime record high that the dow has ever reached during the session or at the close, the alltime high is 21,681. So you are 71 points away from the alltime record high thats never been touched before. I want to move on to the by the way, speaker ryan has just finished his press conference, so theres no significant news event there. Moving on to venezuela, theres a crisis. Violet clashes continue violent clashes continue. The opposition plans for a twoday strike starting tomorrow. Venezuela, this is your story, liz, you been on top of this. Yeah. Stuart i cant avoid saying that that country is moving towards civil war, real, liveaction, shooting war. Yes, it is. And whats happening, there will be a vote in about five days time where maduro wants to consolidate power by redrafting the constitution. Its a dictatorial power grab. Heres whats going on. Weve talked about whether or not the military can step in and do so, venezuelan sources are saying no. Heres why. Maduro, last year, gave the military complete power over gold, over iron, over oil, over food. So the military has these private companies that run the economy in vns wail la. To venezuela. So the military isnt going to step in and do a coup. What could happen next . The trump administration, an economic sanction on the big oil statebacked company. Half of Venezuelas Oil is sold to the u. S. That would hit maduros regime and his cronies hard. Stuart but it doesnt stop the civil war. Yes. Really the poor people and the people of venezuela are reliant on the International Community to say, hey, help us out here. We need help here in venezuela. Stuart what kind of help . Right. Stuart cia, covert action . I mean, what is it . Lets be honest mike baker tried to answer that. Stuart he didnt want to. I dont blame the man. [laughter] what a situation. Then we have north korea making a new threat against america. Tell me about that. Yeah, because of the forum last week cia director mike pompeo alluded to the possibility of regime change in north korea saying we have to separate Nuclear Capacity from someone who might well use it. So, you know, read what you will into that. That prompted a very strong response from pyongyang saying should the u. S. Dare to show the slightest attempt to remove our supreme leadership, we will strike a merciless blow at the heart of the United States. Stuart strong rhetoric as usual. Yes. Stuart coming up, fight over autonomous cars. Which company can get there first and best . Im not thinking of autoto makers, im thinking of the technology giants. Tech insider gene munster will give us his take on autonomous driving in a moment. And my take on democratic plan, its not a dynamic plan. Its a statement that the democrats have not moved on from the obama years. We are all over it, and we will be back. Stuart i just didnt recognize the music. [laughter] moving in my seat, gyrating at the set. [laughter] dow industrials are at 21,900. Check 600. Check the big tech names, most of them are down. Microsoft is up 73. 82, apple is up a fraction at 153. Now this, the democrats trying to rebrand. Theyve got a new slogan. Its called a better deal. Joining us now is Fox News Contributor Rachel Campos duffy. Now look, youre a republican. I dont expect you to like the new democratic plan theyve come out with. It looks like trumps plan, going right to the working man. Lets just start with the slogan that everyone is mocking. Even democrats are mocking it. Listen, the democrats dont have a messaging problem, a slow began problem, they have a policy prop. I think you guys were just covering venezuela. So important, thank you for covering that story. The most popular figure in the Democrat Party is a socialist. This is where their policies lead. They have a policy problem, not a slogan problem. Stuart is it going to be successful . No. And part of the reason is themselves. Yesterday they dropped this campaign, right . Wait a minnesota. They a made everything about russia. Theyre the russia party, the socialist party, they have a problem. Stuart suppose, this is a hypothetical. Here it is okay. Stuart if President Trump cannot pull off a win on health care or tax cuts, then the democrats weve got a better deal, that sounds pretty good. Do you think socialism is a better deal . [laughter] wait a minute, wait a minute. Already the Congress Needs to do its job, and donald trump is doing the right thing right now. Probably should have started earlier, by pressuring them this their own districts. Thats important. But all the things hes done in terms of regulations, i mean, youre seeing in this economy boom. Were seeing construction up, mining up, union jobs that are laying pipelines up. I mean, he is doing good things to make people get jobs and help their families. Stuart yes. Well, tell your husband who is a republican congressman yes. [laughter] stuart get something done. I dont care what, just do it and give the president a win. I agree. And the problem child is the senate. Thats where the problems at. Stuart no. The problem child is the Republican Party which cannot demonstrate that it can govern. I agree its been frustrating. By the way, were not the collectivist party, were a party of individuals which is why you see all this squabbling. But i think what youre going to see now is donald trump putting the pressure he needs to put on, and i think its going to happen, and if they dont, they will pay at the ballot box. Stuart i think i got under your skin. [laughter] no, listen, i am onboard with you 100 . They need to do their job, but lets also look at the senate. The house passed it, its in the senate, so lets look at that. Stuart vote this afternoon. All right. President trump is tweeting about Jeff Sessions, attorney general. Heres the tweet from this morning. Attorney general Jeff Sessions has taken a very weak position on Hillary Clinton crimes, where are emails and dnc servers and intel leakers . Rachel, hes at it again on the tweet machine. What do you say . I understand his frustration. This is not the way to use twitter. Twitter is great for getting your message out, for hitting fake news, but i dont think he should use it on his own. Stuart well, should he just call up the attorney general and say youre fired . Should he do that . If i have a fight with my husband, i talk to him in my home. I dont tweet it out. I think this is an internal squabble stuart do you think he should fire attorney general sessions . I think hes been very loyal, i think he deserves a second chance. I dont think he should be humiliated by the president. I think the president is right to be mad about fire him why . Well, i think stuart because he recused himself because the Justice Department rules said he had to. He had to recuse himself because he was a campaign adviser. That was a conflict. Stuart no. When he was a United States senator, hes entirely entitled to meet with the Russian Ambassador no, wait. Wait, he became a campaign adviser, and thats why he said he had to recuse himself under Justice Department rules. Stuart thin grounds for recusal. How about, how about aiming some of his twitter fire at some of the chairmen who are doing all these ridiculous hearings on russia and not having comparable hearings on Hillary Clinton . And frankly, i think the American People dont want any of these hearings. They want them to get the job done on health care, on jobs, on the economy. [inaudible conversations] stuart youre right, ashley. You ended correctly. The American People want Republican Party i agree, i agree. Stuart to come together and do it. And the only people who can make it happen is not donald trump, its the American People. They need to put pressure on their leaders. Stuart i had a threeday weekend thank you very much for sitting in for me. [laughter] were back on this Tuesday Morning, and im still fired up on something is better than nothing. We said that yesterday too, believe me. We carried on the fight. [laughter] stuart rachel, thank you for being with us. Technology, thats the theme of this program for the last three years. On a real tear, hitting a string of highs. Those people on your screen are the ceos and, boy, have they enjoyed a surge this wealth. Look at that, the fine print at the bottom of the page there, 91 billion, bill gates. Thats what hes worth. And look at jeff bezos, amazon guy, 88 billion. Hes on the verge of becoming the wealthiest person on the planet, unseating bill gates whos been there forever. Gene munster is with us, managing partner at loop ventures. All right, gene, that screen that we just saw, that to me is testament to the success, power and wealth of the big five Technology Companies. And it makes me think that sooner or later the politicians are going to come to get em. What say you . [laughter] i think, yeah, but its not going to change. These are going to continue to be some of the most profitable businesses. I think if youre someone whos this school whos looking to make a ton of money, i think youve got to go to the tech market. Three of the top five most wealthy people are the techrelated stuart its not like the dot. Com bubble of the 1990s. A lot of people say why shouldnt9 i sell the big five now. Its a different situation, isnt it . It is. The difference here is these Companies Bill gates is going to get surpassed by jeff jeff bezos, and the reason is theyre aggressively disrupting ecommerce, but theyre going to go after cop tent. I think the difference here between what was happening in the dot. Com bubble is those were imagination type of stories where we have real, practical changes in our lives today. Stuart okay. Youre the technology guru. We use you as such on this program. I hope thats okay. Great. Stuart youve got to tell me about lyft, the latest company to get into selfdriving cars. It joins uber and other tech companies. So my question is when i think of an automobile company, i no longer think of General Motors, ford, chrysler, toyota, bmw. I think of apple, google, tesla, microsoft, big tech. Am i going wrong somewheresome. Youre spot on, but youre still in the small majority of people who view it that way. And at the end of day, theres going to be a paradigm shift, another one, in terms of whats going to happen in cars. When you see a car today, think of a horse and buggy, and in the next few years, were going to have autonomy. And separately, this lyft announcement today is a huge announcement, and the reason is that it really stuart i just, i just dont feel that the publics onboard with this. Are we really going to be getting into a little bubble and being driven around by a computer . Are we going to be happy with that five years from now . Yeah, i think were going to be delighted for it, because we wont have to think of stuart dont you enjoy driving . You know, drivers will have a chance to go go to a track just like people who own horses can enjoy horseback riding. To answer your question, the majority of people actually dont enjoy driving. Theyd rather be driven around. [laughter] stuart okay. I guess im in a minority then. Especially millennials. They dont even like car ownership, car brands. I would keep a close eye here on tesla. Theyre going to really cut the oxygen off of uberand lyft over time stuart why . Because uber and list, to be a Ridesharing Company gaining users is become increasingly more competitive once autonomy cars are out there. When youre at work, you can actually turn your car over to a fleet. Thats why lyft wants their own selfdriving cars, because theyre going to be displaced by Companies Like tesla. Stuart and a half working to protect its snap working to protect its software, ash, i dont understand that . The problem is snap has realized everything is being copied by facebook. So you have, like, stories was copied by facebook. Unique lenses, you remember you can put bunny earsen to your head and all that with snap. Facebook has a similar thing. And then snap went with original content. Facebook already e does that. So what theyre doing is buying engineers that can come up with cybersecurity code that cannot be ripped off by facebook, at least thats the story. However, to me, if snap comes out with smack, i think something, i think facebook has the power and the resources to come up with something very similar. Stuart facebooks going to win this one . [laughter] a nod of the head, they win. They have four times as many users, they can crosssell their products and copy these even with this greater protection that snapchats getting. I think its going to be a tough road for snap. Stuart its like amazon, predatory pricing. Facebook, unfair competition. I can see them building a case the way zuckerberg says is when you reach a billion people in scale, theres particular advantages. He doesnt elaborate, but this is an example. [laughter] stuart munster, youre all right. Thank you. Stuart appreciate it. The hour, i should say, is fast approaching. The senate will decide today whether or not to move forward with Health Reform. Its not just the future of health care thats at stake. This could be the future of the Republican Party. That is my opinion. Stop making faces at me, liz. [laughter] funny. Stuart just a few hours, the debate on Health Reform goes to the senate, and the president will fly to youngstown, ohio. Hes going to rally his supporters. Ohio congressman jim jordan joins us at the top of the next hour. I love to eat. I love hanging out with my friends. I have a great fit with my dentures. I love kiwis. Ive always had that issue with the seeds getting under my denture. Super poligrip free. It creates a seal of the dentures in my mouth. Even well fitting dentures let in food particles just a few dabs of super poligrip free is clinically proven to seal out more food particles so youre more comfortable and confident while you eat. Super poligrip free made even the kiwi an enjoyable experience try super poligrip free. Fox news contributor mary kissel says republicans in congress are just not delivering on their promises. Roll tape. Youre not seeing a lot of republicans standing on principle here, stuart. They ran for four election cycles to get rid of obamacare. This was supposed to be done in the springtime. Now were in the middle of summer, and were still talking about it. Stuart if youre not so sure that they wont vote no, whichever way around it is [laughter] if youre not sure about them, do you agree with me, end of Republican Party in the next years elections . I think so. I think itll be a wipeout. I dont think you can go to voters and say elect me on major promise and then throw up your hands and say, well, you know, its too a hard. Today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Stuart we thought wed tell you that the s p 500 hit an alltime high, and the copper miner freeportmcmoran, making a lot of money, and its the best performer on the s p 500. It is up 13 . Totally different story at seagate technology. Remember hem . They make disk drives. Their profits hit hard by weakened demand for personal computers, down 15 . Seagate technology, as we speak. Now, the senates going to hold a procedural vote this amp on Health Reform. Senator john mccain will be there for the vote despite his diagnosis of brain cancer last week. Heres what the president said this morning. So great that john mccain is coming back to vote. Brave american hero. Thank you, john. Thats not what he said during the campaign, but well move on from there. Senator John Barrasso joins us now. Senator, first of all, ive got two quick questions. Number one, do you know how john mccain is going to vote . And number two [laughter] youre smiling how do you handicap it . How do the votes stack up as of right now . Well, i am delighted that senator mccain will be back. Hes been unpredictable in the past. Im certainly encouraging him, as i am every member, to vote to do this. This is why he wants to be back here today. He campaigned on repealing and replacing the Obama Health Care law, i was with him side by side in arizona to do that, and i believe thats why hes coming back today. Im confident that we will get the votes. We continue to work with all of members. This is a vote on proceeding to the bill that passed the house a couple of months ago and then the full amendment process begins with every senator, republican and democrat, able to offer anything they want to improve on that bill. Stuart it would be a chronic embarrassment for the Republican Party if theres a no vote on the movement to proceed. Well, im committed to getting it done, continue to work with all of the members to get it done. It was, you know, kind of pronounced dead a week ago. We are back. It is alive, and we are moving to that vote today. Im completely supportive of it. We need Affordable Health care for the American People, no matter who you talk to even among the democrats from bill clinton to Bernie Sanders, what you have seen is in spite of the good intentions of obamacare, it has failed. Costs have skyrocketed, choices have gone down and the cost to taxpayers, stuart, has been enormous. Stuart i want to stick with the theme of working all the way through august. Yesterday on this program we had rnc chair rhone that Romney Mcdaniel about working through the recess. Listen to what she had the say about that. August recess just around the corner. Should they stay and get it done before they leave for augustsome. They should absolutely stay. Wills no way they should leave until no way they should leave until this is done. Stuart what do you say, senator . You committed to sticking around through august . Theres a lot of work to be done. Health care is on the table today. I think we have to see this through completion, stuart. Stuart so you will make a commitment, youre there until you get something done . Right . Well, i go home every weekend to wyoming. I was home this weekend talking to doctors, nurses, patients. They know we need to be doing something on health care. I know we need to be doing something to make health care more affordable. What im proposing actually lowers premiums by 30 while continuing to protect people with preexisting conditions. Stuart senator im committed to doing that. Stuart ive not yet heard your Firm Commitment to staying in d. C. Until you get something done. Will you give it oh, you have that from me, absolutely. We have to its imperative and its urgent that things get done. What ive said is i continue to go home on weekends, listen to the people of my state and then get here during the week. Im ready to continue to do that until we get all of the work that needs to be done completed. Stuart okay. Senator John Barrasso, youre off on this program. We really appreciate it. Thanks, stuart. Stuart i think youre working 24 7, and hats off to you, senator. Thank you. Stuart duane the hock johnson teaming up with apple, the rock promoting im just reading the prompter. Rock, i know what im talking about. Yes, you do. [laughter] stuart sarcasm is a loaded [laughter] the rock promoting his new apple commercial in a tweet. E. Mac, hes promoting seriously . Yes, he is, and hes one of the busiest actors, 8 billion his movies have grossed to date. Basically him wigging around the world wigging around the world, its all a bid for stuart the point is hes a very famous guy, very well known, and hes working with apple. Thats right. And theyre trying to the push apples sirri on to the level of amazon echo. Stuart its a second rate product, but hes working on getting it better, is that correct . That is correct. Stuart so the worlds major stars one of the major stars. That you never heard of before. Stuart thats not true. Ive heard of the rock. Gibraltar . [laughter] stuart seriously. In our next hour, nra spokesperson dana loesch. Ed today were talking to to her about the democrats new vision, senator schumers better deal. More varney in a moment. Pleasure. Stuart an exclusive story now from the daily caller. Fbi agents seized smashed computer hard drives from the home of a tech worker who worked for Debbie Wassermanschultz. Daily caller Investigative Reporter luke roziak joins me now. Its a very complicated story involving three pakistani brothers. Set it in context for me. Why is it so important . Well, this is a recurring theme of Cyber Attacks on our nation. Weve seen it again and again. And sort of the sleeper story, the one we havent been hearing about much at all is theres been yet another one on house of representatives. There is an ongoing criminal investigation into a major cyber breach involving not outside actors, but inside men stuart is that the three pakistani brothers that were talking about here. Yeah. So the suspects in this probe are people who worked for a long time for democratic members in the house. A couple of brothers and another man, and they are criminal suspects. They work for Debbie Wasserman schultz for a long time, and now were just learning that the fbis involved in this investigation as well. Stuart whats the implication behind three pakistani brothers doing Information Technology work for Debbie Wasserman schultz and other democrats and, i believe, a couple of republicans in the house . They werent doing work for any republicans, it was all democrats. Stuart okay. And as youd imagine, these i. T. Guys had access to all the files for the members they worked for, and they worked for dozens of members. Soon after one of them started working for wassermanschultz, all of his relatives appeared on the payroll and collected 4 million. Very unusual. Its unclear what the investigation spans in its entirety, but theres a lot of red flags for these guys. Is not just something you can see or touch. Home. Is a feeling. Its the place where you feel safe to have those little moments that mean everything. At adt, we believe that feeling should always be there. Whether its at your house, or your business, we help keep you safe. So you can have those moments that make you feel at home. You are loved wherever you are. We danced in a german dance group. I wore lederhosen. Man. When i first got on ancestry i was really surprised that i wasnt finding all of these germans in my tree. I decided to have my dna tested through ancestry dna. The big surprise was were not german at all. 52 of my dna comes from scotland and ireland. So, i traded in my lederhosen for a kilt. Ancestry has many paths to discovering your story. Get started for free at ancestry. Com. Stuart donald trump flies to ohio tonight to make a speech in youngstown. This is a big deal for several reasons. First, it is ohio, where republican john kasich is not a trump supporter and it is the home state of rob portman who is not a supporter of the Health Reform plan. The speech will be in a county which voted for Hillary Clinton. The president is going right to the center of you might call it conflict. He won the state, he won a lot of Traditional Democratic votes the local republicans oppose him. Another reason, the speech is a big deal, the timing, the president will be speaking after the healthcare vote. If it is a yes vote for speech will be a celebration. It is a win for the trump growth agenda. The crowd will go wild. If it is a no vote the president will go after the Republican Party. You let me down. He will be harsh, fit to be tied as they say. Check it out tonight with lou dobbs on the foxbusiness network. The third hour of varney and company about to begin. Stuart Peter Kiernan is with me. What is that on . It comes today. Stuart check that out. Smile. The dow is up 102 points, 21,00615. It is 70 points from a record alltime high, plenty of green on the lefthand side. That is the state of many looking good. We are waiting, mike pence has arrived on capitol hill hoping to meet all gop senators today for lunch at 12 30 eastern time. The Health Reform vote is going to be on the agenda. Maybe he will tell the republicans which bill they will vote on this afternoon. Maybe they are counting votes before the vote itself. We will keep you uptodate. Congressman jim jordan from ohio, donald trump is in your state tonight. If it is a yes vote on Health Reform it will be a celebration but if it is a no vote, he will beat up on the Republican Party something run. Lets hope it is a yes vote and we can get this done. Either way the folks in ohio appreciate donald trump. No one would have predicted last year ohio would go for donald trump by a margin of 8 percentage points. Folks in our state appreciate the president s approach to changing things so either way they will appreciate the president but lets hope it is a yes vote and a celebration. Stuart are you with me yet . I have been saying something is better than nothing. Anything is better than nothing so it must be a yes vote. Are you with me . Yes. The yes part, we have been with you for a long time. When this bill was in the house we in the Freedom Caucus opposed it. We had a vigorous debate, we made it better and we supported it so that was a pretty good bill, wasnt full repeal but it was a step in the right direction. We have been with you since may when we passed this and it was the Freedom Caucus who put it over the top in the house and we hope the same dynamic takes place in the senate and we can put it on Donald Trumps desk as he will sign it and we move on to tax reform and Border Security and all those things voters want us to do. Stuart before we leave the subject i want you to handicap the vote this afternoon. You are in the give me a handicap. Will it be a yes vote . I am an american so im always optimistic. I think it will be but we will have to see. The United States senate, you never know. Stuart what not to say in journalism school, only time will tell. I didnt say that. I said we will see. Stuart i would never do that to you. Last one, we had senator barrasso with us a few moments ago. Yesterday we had the rnc chair, both of them said we are staying in dc, nobody goes home until we get something done. Are you on board with . Of course was where did that start . The idea of doing what the people elected us to do . It started with the Freedom Caucus. We took a position, lets stay in august 2nd deal with the debt ceiling, an outline of what to do on tax reform. Something more specific to tell the voters whatever break we do have at some point in august, lets deal with health care. We have been pushing to stay here for weeks. Of course we should do that. That is what the American People elected us to do. Stuart we are feeling more confident in new york city and i hope you are in the swamp. We appreciate it and we are looking for a yes vote. Hopefully we will get that today. The dow is still up 100 points. Tuesday morning, we have been in business 95 minutes and we are up 100 points. Who is with us . The author of the bestselling book american mojo lost and found, his name is Peter Kiernan. At the top of the hour with jim jordan i am saying this is it. If the Republican Party doesnt say yes this afternoon they are toast. Mark twains great line about the day you are born in the day you find out why. The Republican Party will find out today why they were born. It was born for healthcare and tax and infrastructure reform. If they cannot pass the procedural bill, here is a quarter, call your parents, you have serious doubts about being a party, have to get something done today. Stuart the writing is on the wall. The president goes to ohio tonight and will play the devil with them. I want to be there to see that. Justifiable criticism. The procedural vote to open it up to debate. Stuart you cant say no to that. You could but you shouldnt. Technology companies, the 5 big ones writing really high. Look at those levels. Some are down a little bit. The levels are astronomical. A lot of people say why shouldnt i sell maybe half my holding in one of these big name tech companies, take my profit, take it off the table and rotate someplace else with the cash. I dont think that is a terrible idea. Some of these are gone a long way. It is up 25 yeartodate or Something Like that but these stocks are driving the momentum of the market. The market is growing because of the earnings, cash flow and revenue but it is spreading elsewhere so stocks like General Motors, a good report today, they are doing fine, they will generate 7 billion of cash flow off of a projected 6 billion. There were other parts of the market growing. In addition to all the wonderful stuff in technology. Stuart not a bad idea to sell half of what you got, make a ton of money and put it someplace else. People are freaking out about google and it is all wrong. Stuart would you buy it now . I would buy it now. It is 9 30. If you look at what google and facebook have done, 75 of the display advertising market, they started out life as a desktop business, transform themselves to a mobile business. If newspapers did that they would be relevant today. Larry page and the folks over at zuckerberg at facebook have transformed, one of the greatest Business Transformations in history, you make a little less profit per transaction, pay a little more for traffic on this device, but they are making so much more profit than they are getting momentum in their cash flow, momentum and earnings, momentum and revenue and that is the stock i want to call. Stuart i got this for you, the price of oil up today, the saudis that crude exports, 47 a barrel, gas, National Average at 228 as we speak, still near a 12 year low for gas prices in july. Any impact on the stock market . It definitely does. What is going on here, opec held its feet to the fire by the United States producer. We are really the marginal pricemaker. If we gear up, other opec players, their price of oil in a different direction, 100 oil, they are not driving the bus. The United States is a marginal producer. We are powerful here. Curious that senator Chuck Schumer defending the democrat manifesto said we have to go after oil and gas company is because gas is high, and historical highs, it is a 12 year low. That is in their manifesto, we will go after Big Companies that cornered the market, antitrust, cable, tech, food companies, ted is part of their plan, nevermind. Frank and obamacare caused these companies to merge. If Chuck Schumer went to those places those are entrepreneurial Small Businesses exactly what america is great at. Stuart we have jetblue, the airline, making money, held by higher fares in the last quarter, stock is dead flat. Jeff flock is that the Worlds Largest air show in oshkosh, wisconsin, 1time crop duster turned show plane. We will show you more later this hour. At First Chicago is at 400 homicides this year, more than the same time last year. What is the solution . Nra spokesperson dana lash next on that. We head to washington where we are joined by senator john food. Jampacked our just ahead. I know you got to clap your hands on the floor rock and work it up on the floor nah. Not gonna happen. Thats it. Im calling kohler about their walkin bath. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] mmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Call to save 500 off bath walls with your walkin bath or visit kohlerwalkinbath. Com for more info. Stuart any moment like pens will arrive on capitol hill for an important lunch entertaining all republican senators at 12 30 eastern time. Will he tell those senators what they are going to vote on . Is it repeal of obamacare or is it the old plan they already put to the senate . May be the republicans will find out at that lunch today. The senate will vote on Health Reform later on. If there is a no vote they cut off debate. Goodbye, finished. A yes vote means at least they will keep talking. If the vote fails, if it is a no vote i say republicans are toast and they should be ashamed of themselves. What say you . Thank you for having me. I believe the initial votes taking place are about procedures. Stuart it is possible there will be a valid note on procedure. I cant imagine there could be. Which is insane because maybe i heard Something Different the past seven years of republicans going on the campaign trail saying they were going to vote for a repeal and repeal obamacare. This is superimportant what Everybody Needs to understand about even a simple straight repeal, Susan Collins doesnt understand this. Even if you vote for a straight repeal, the way the bill is currently, there is included a two your grace period with this repeal so just say we all get what we want and republicans vote to pass a repeal bill obamacare is repealed and theres a two your grace period for republicans to implement a marketbased Healthcare Solution which is what Everyone Wants and they have a plethora of plans from which to choose but there is a two your grace period. That is something not being discussed enough. Stuart it has got to be a yes vote at least to proceed. Another one that is right up your street, chicagos murder rate surging nearly 400 homicides so far this year and that is up from the pace of murder last year so i want to know what is your solution here . Would you arm more people. My first step is to stop the leniency from so many judges. I really felt former Police Superintendent Eddie Johnson spoke to the press about this and he was livid. There are a lot of judges in chicago that led these repeat offenders, talking about federal gun prosecutions that are down in chicago, the lowest in the nation and these judges are barely instituting minimum mandatory. Superintendent johnson said it is difficult for police to go out and catch and recatch these offenders. He said there are 1400 prohibited possessors, barred from carrying or purchasing a firearm that are driving over 80 of chicagos crime which is huge. There needs to be a judicial cleanup. Stuart i have got to leave you with breaking news. I presume the second step in your solution would be more guns in the hands of civilians in chicago. I will get back to you on another occasion. Breaking news, Paul Manaforte met this morning with bipartisan staff in the Senate Intelligence committee to answer questions about the russia investigation. The Senate Judiciary committee has issued a subpoena for him to appear wednesday. We will keep you uptodate on this story. On a different issue, senator rand paul tweeting minutes ago this morning Senate Majority leader Mitch Mcconnell informed me that the plan for today is take up the 2015 clean repeal bill as i have heard. Followed by if that is the plan, i will vote to proceed to have this vote. I also now believe we will be able to defeat the new spending and bail outs. That means two things. Number one, that rand paul says they are going to vote on straight repeal, not the old plan rehashed again, straight repeal. Number 2, he is for. He had been opposed if it was the old plan. He is on board, it is a repeal vote and he will vote yes. Shortly we will be joined by senator john thune. I will ask him to confirm that it will be a straight repeal vote this afternoon. Totally different subject, stay tuned anyway, jeff flock taking flight in oshkosh, wisconsin. That is a crop duster. It is now a show plane. Stay right there for what is going on this hour including somebody walking on a wing. Fly with me lets fly lets fly away if you can use some exotic moves far away fly with me potsch you each drive a ford pickup, right . in unison russ, leland, gary yes. Gary i have a ford f150. Michael ive always been a ford guy. Potsch then i have a real treat for you today. Michael awesome. Potsch im going to show you a next generation pickup. Michael lets do this. Potsch this new truck now has a cornerstep built right into the bumper. Gary super cool. Potsch the bed is made of highstrength steel, which is less susceptible to punctures than aluminum. Jim aluminum is great for a lot of things, but maybe not the bed of a truck. Potsch and best of all, this new truck is actually gary all laughing oh my. Potsch the current chevy silverado. Gary im speechless. Gary this puts my ford truck to shame. James ill tell you, i might be a chevy guy now. laughing Ashley Jeffrey morris. Stuart i couldnt read the prompter. A new study says there could be an ocean of water inside the moon. The discovery is from brown university, people looked at satellite images of the moons surface and found rocks containing a lot of water, those rocks were pushed into the moons surface by volcanoes which means a lot of water sitting in the core of the moon. If they are right, this could make colonizing the moon much easier if that is what we humans really want to do. Moon river. Ashley andy williams. Roger hepburn. Stuart come we will get email on this. Watch this. We have video. Six new jersey gentlemen caught a massive mako shark, the largest ever off the coast of jersey, 12 feet long, 926 pounds, took 90 minutes to reel it in, another hour to wrestle it onto the boat. They wont make it to the record books because the state only count catches that are reeled in by one person. Ashley andy williams, moon river. Stuart we got to go. Headline that parents can relate to. Ocean city, maryland, kids menu that translates what kids really mean. If your kid says i dont know, orders a Peanut Butter and jelly sandwich, im not hungry, basket of chicken tenders. I dont want that, try the french fries. We have been there. We are going to washington with senator john thune. I will ask him to confirm this afternoons vote. Is it a straight repeal vote . It is a big deal, back in a moment. Introducing new parodontax. The toothpaste that helps prevent bleeding gums. If you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try new parodontax toothpaste. Stuart i know that. The beatles. Ticket to ride. Stuart i will never live this down. Move along swiftly please. 115 points tire, 29,656, and it is a alltime high for the dow, i see a lot of green on the left side of the screen. Politics, still waiting for make penss arrival on capitol hill. He meets with all gop senators having lunch with matt 12 30 eastern time. The Health Reform bill which will be before the senate this afternoon is almost certainly topping that agenda. We are joined by senator john thune, republican south dakota. Can you confirm what rand paul suggested moments ago, that the bill for the vote this afternoon is procedural but it is on straight repeal. That is what they are voting on . When we are voting on his motion to proceed to the house bill and Mitch Mcconnell will offer a couple amendment and layout for us today in an hour what those will be. I wasnt privy to his conversations with senator paul, he is insistent with full repeal. Stuart where do you think senator Susan Collins would stand on straight repeal . We will have members who wont be for straight repeal and she wont be the only one. The vote we had in 2015 would be a repeat of that before president obama vetoed that bill but a lot of members are on record having voted for the repeal bill in 2015 and if Mitch Mcconnell decides to offer that, that is the vote that will happen and a lot of other amendments as you know throughout the course of the next few days. Stuart it is very complex. Can we straighten this out . The vote this afternoon is whether or not to proceed with the debate. I cannot imagine it will be a no vote, can you . One wouldnt think so but in some cases on motion to proceed which is procedural vote senators will in order to get more leverage, to get whatever they want into a bill, on occasion will oppose a motion to proceed but the consequences of this vote allowing us to get on and even debate and talk about healthcare is such that i would hope we will get if not all at least most, 50 republican senators on board with this and that will be critical, if we cant get on the bill at all, it is hard to allow members to have opportunities to improve strengthening it by the amendment process. Stuart if that is a possibility that republican senators would say no, we are cutting it off now, we are not going to proceed, i cant imagine that the Republican Party would do that. I am hoping you are right. I happen to agree with you in this case. We made commitments and promises to the American People, they will hold us accountable and if we dont even though to get on the bill we cant come up with a better way forward. We have these collapsing markets, skyrocketing premiums, obamacare is in a death spiral, we have a responsibility to fix that and you start fixing it by getting on the bill. If you cant get on the bill you cant change the status quo. Stuart you are extremely busy and i thank you for taking time out to be with us today. You are having lunch with the Vice President an hour from now. Lets hope things clarify so we know where we are. Senator john thune, thank you. Peter kiernan is with us. Can you i cant see how any republican, whether they are moderate, conservative, Freedom Caucus, i cannot see them saying no, we are not debating anywhere but they have up to now. Every major bill that we have done in the last 40 years has had one common characteristic, thoughtful debate. The notion we would have something as transformative as a Healthcare Program without debate makes no sense whatsoever. Imagine someone saying i dont want to debates the merits of the bill this size and scope. It is unamerican and certainly unwise if they vote against it. Stuart if it is a straightforward vote to proceed on a straight repeal bill you think passes . How can you go home and say seven years you were saying you were going to repeal and replace, his repeal and take two years to fix it. Who can argue with the . Stuart i think the market is with you on this. It is up 112 points, that is a fine to me that there is going to be a yes to proceed to debate this afternoon. We agree on that . Agreement is a hard thing to come by. Grover norquist with us now, americans for tax reform president. Healthcare, looks likely to be a straight repeal vote and yes vote on motion to proceed. All good news. Yes . It is but this vote is not just a motion to proceed. This is a vote yes or no on is the United States ever going to fix entitlement problem. You can look at 10, 20, 30, 40, 50 years and see that if we dont inform our retirements, the spending programs like medicaid and medicare and food stamps and other things, they bankrupt the country, they turn us into illinois, they turned us into greece, they turn us into detroit. You can see that coming. This is a vote yes or no on whether we are going to stop the country from ending up in bankruptcy eventually and i am a little surprised no democrat wants to have this debate. Not shocked but a little surprised because they talk a big game when they want to raise taxes to solve the entitlement problem but they dont ever, this is what we are learning, want to reform the entitlements themselves. I hope there are not more than two republicans who have their head in the sand and their hands in the pockets of special interests. We can afford two rotten apples, not more. Stuart if you vote no, we are not going to proceed to debate healthcare reform i dont think you are a republican. There are some republican elected officials who cut private deals with labor unions, publicsector unions, special interests, that is their responsibility but those should be open and aboveboard deals. We have one or two problems like that. Stuart i want to talk about states and cities that run into real financial trouble. Connecticut, hartford, illinois, seattle, the local counsel there. Their solution to these financial problems is always the same, raise taxes. Is that run its course yet . Apparently not. No. They got themselves in trouble, with runaway spending, Pension Plans they cant afford, they made promises to publicsector unions bankrupt their city or their state. A lot of these are pension driven because 20, 30 years ago politicians said i dont have money to give special interests now but let me promise you pension money that will be coming in 20, 30 years from now. When i am dead someone else will be there when the city collapses or the state has its problems. Cities can go bankrupt and cities that have overspent should bankrupt and start again and people should vote out the leadership that got you there, part of it is some of those guys, politicians of 20 or 30 years ago, john lindsay damaged new york city, the crashes came later long after Lindsay Stuart he was a republican. And lowell introduced the income tax, state income tax to connecticut. Here is the good news. There are very few if any lindsays in the modern Republican Party. There are one or two characters who run for office who mislead people as to where they are but we have two parties, one that will not raise taxes and once will not cut spending and you have to decide. We can save the country, we cant turn the city around, fix the pension problems, unless we are willing to tackle spending restraint and 25 of the 50 states that are red states, republican governor, house and senate, they are reforming their pension system. You saw that in michigan, you saw a Republican Legislature jam a democratic governor in pennsylvania for real pension reform. Problems are getting solved where republicans in the state are reforming runaway pensions and runaway entitlement programs. Stuart we will say goodbye to you. Got to occupy your time with the Republican Party this afternoon. Thanks for joining us, see you again soon. In california, state firefighters say the feds over millions of dollars. Some of them will not fight fires on federal lands until they are paid. More on that in a moment. Jeff flock taking flight in wisconsin. More of this video coming up and we are waiting mike pences arrival on capitol hill, 12 30 eastern time. Of course they will talk Health Reform and continuing the debate. We will be back. We got it right now too far away we cant get back yesterday we got right now got up right now we got to try now you too, unnecessary er visits. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies and data without insights. And fragmented care stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. I am nicole pedallides. Barnes noble has been under pressure for several years. Stock has dropped 45 . 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Stuart mike pence is having lunch with all the republican senators at 12 30 eastern time, they will be talking about healthcare reform as a prelude to the allimportant vote that takes place this afternoon. Lets move on to california battling massive wildfires. As they battle those fires state firefighters are battling the feds. The state guys say the feds over millions of dollars. Some of the state firefighters will not fight fires on federal lands until they are paid. We are joined by larry elder. Give me some background here. Why are the feds not paying the state guys and how come state guys are refusing to fight fires . They welcome to california. There is an obscure law interpreted by the feds to say if you are a volunteer firefighter and you volunteer to fight a fire on federal land you are not going to be reimbursed because you are a volunteer. Not surprisingly the california firefighters, third of whom are volunteers are not happy because california as you know every year has a number of fires and every year local authorities assist the feds and they workout who pays and how much it apparently they have not worked it out. The feds claimed they only oh 2 million, the california claims they owe 18 million and i have no idea how they are going to resolve it. Stuart whose side are you on to you normally you are opposed to the feds for sure. Also to your own State Government in california. Whose side are you want . We can have a long conversation about the federal government is the largest landowner in every state including california and they ought not be but it seems to me once you lend yourself to help the feds fight a fire there ought to be reimbursement whether you are a volunteer or not. Seems to be locals have the upper hand morally in this debate. Stuart i see you are now in dc. We are not used to holding interviews with you in dc. I am doing my show from the white house, talking to a number of white house officials and hoping to land an interview with Anthony Scaramucci among others. Stuart you are right in the middle of washington dc, in the middle of the healthcare procedural vote. Seems to us the Republican Party is toast if they say no, we are not going to debate anymore. I cannot even saying that. They have got to do something. For 7 years they pounded the table talking about repeal and replace. The president mentioned it again the other day, this is a promise made by republicans. We need to do something. It is not going to be perfect or as onerous at if hillary had been president but wont be a free market as ron paul would have wanted. It is something in the middle but at least the Republican Party would have delivered to the voters. Stuart they are going to vote on a procedural motion. If it is a yes vote they start 20 hours of debate on amendments. At the end of that time, at the end of some point somewhere in august they would get an agreement and vote on it. Because they have done something do you think that gives impetus to tax cuts and tax reform later . Absolutely. The rep against donald trump is he has not done anything major. I dont agree with that but that is what the media is saying, this will give him a victory and momentum coming into the midyear election. Not just reforming and repealing obamacare, it is also about the rest of Donald Trumps agenda, the tax cuts, entitlement reform, the border wall. All of these things depend upon him being perceived as part of the expression, winning. Stuart he has a big speech tonight in ohio. If theres a yes vote on procedural motion there is a celebration and if there is a no vote he beats up the Republican Party, agree . I agree. Even if there is a no, if you go into the Reelection Campaign donald trump can look people in the eye and say i tried my best, a whole bunch of people on the left and even in my own party who are the obstructionists, dont blame me. He might win reelection even if obamacare is and repealed and replaced but it is more likely if obamacare is repealed and replaced and i think it will be. Stuart good luck with your interview this afternoon and welcome to the east coast, come and stay in my Spare Bedroom in new jersey. Be careful. Ashley not cheap. I am not leaving once i come there. Stuart you are all right, see you soon. The time has come to see jeff flock flying over our sauce, wisconsin. He flew with a wing walker, do not miss this. Whatever you want to do. Is alright with me. Ooo baby lets. Lets stay together. 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 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Stuart waiting three hours for this, the Worlds Largest air show in oshkosh, wisconsin. You flew with wing walker. I wont interrupt, just take us through it. Jeff last time i was on with you when i came off of an aircraft i was drunk because it was crazy. This was much more fun. This is jean susies plane, aerobatic pilot, Youngest National champion in history. Look at what he did with the young lady aboard. May be you see the pictures, this is the wins walker named teresa stokes and she does all manner of contortions out on the wing of an aircraft going i dont know how fast were you going . 1000 miles an hour. Reporter we werent going 1000 miles an hour but pretty fast. I can get around in a hurricane pretty good. Jeff you and i get along. What possesses you on the wing of an aircraft . I get paid to go for thrill rides, paid to travel and meet new people and see great places and be on fox. Jeff that is what i say. How can you beat that . Sounds like my job only less dangerous, jean susie has been flying since he was 14 years old and this is, by the way, you probably noticed because you are a farmer, a reconditioned crop duster, grumman aircraft, that he turned into what they call the show cat. Teresa gets on top of that wing, gets all the way up on the top and stands on her head. She did not do that with me aboard today because the seatbelt in there is not that great. Im still trying to take you for a ride. I go up in tank by my knees and stand on my head and we do aerobatics and all that. Jeff would like to come with you on your next trip. It is a deal, one on the side, one on that side. Jeff your next job. Stuart we will do anything to get on fox. Great stuff, good man, you are all right. We should go out with special beetles music so here it is. Lucy in the sky. Lucy in the sky with diamonds lucy in the sky with diamonds lucy in the sky with diamonds down to a bridge by a fountain people eat marshmallow pies. Stuart i am debating whether to sell some of my microsoft since its brand new, getting close to an alltime high. Im thinking about it. Lefthand side of your screen, very solid rally for the dow industrials. Rand paul says that the vote on health care afternoon will be for a clean repeal. Maybe the markets thinking its going to as pass with a yes. What do you say, peter . I think the markets behind this all the way, i do. Clean repeal. Stuart and that will give impetus to tax cuts . Beginning. It will show motion of some kind. Stuart do you want to be contrarian, liz . No, i think peters right. This is the third crack at just a debate. Markets up though. Stuart well call it quits with a gain of 120 points for the dow industrials. And, neil, its yours. Neil can you imagine if they dont . This is just the mechanics of going on to the next step, if they cant agree on that stuart theyve got to say yes. Theyve got to vote to proceed with the debate. How could you go back to your constituents and say for seven years i promised repeal, and when you get the chance, no, not going to vote on that. Neil you see upset. [laughter] you seem upset. Thank you, my friend. We are focusing on that. It is interesting, this is voting on a process here to keep the debate going. Now, it seems kind of gobbledygookish, but essentially it is. Even getting enough support for