Transcripts For FBC Varney Company 20170816

That did not go down well. Senator schumer, all condemned the president. Very few republicans wanted to comment. Speaker y and z be. White supremacy is repulsive. Politically, the president increasingly isolated. Charlottesville has led overdue condemnation of the entire term presidency. Business also backing away. Seven ceos know like the president S Advisory Council plus Union Leader Richard Trumka appeared ceos do not want to be associated with this president see. It classic trump counterpunching style, such has gone on the attack. Jeff bezos earns the Washington Post which is a harsh term critic. There you have it. The most chaotic politics of this presidency so far in a market that ignores it and rallies again. Youve never seen anything like this. Varney company is about to begin. Such you at the group on one side that was bad of was bad in his grip on the other side that was also very violent. Nobody wants to say that. Ill say it right now. You had a group on the other side that came charging it without a permit and they were very, very violent. Train to it was a chaotic News Conference. Not a single question about north korea. All about charlottesville. Seven executives have left the council. Walmarts chief will stay but he did during the criticism the president as they watched the events at response from President Trump over the weekend, we too felt he missed a critical opportunity to help bring us together. Unequivocally reject the neapolitan actions of white supremacists. Here are the executives who left the manufacturing council. Jesu has left this strategy on policy for them. Iker, my skin kalanick. Charles hurt, Washington Times political contributor appeared question, will the Republican Party walk away from the president just as he needs them to pass his gross agenda . In a lot of ways they are to have. They just been waiting for an excuse in this absolutely ridiculous. This is a media temper tantrum meltdown that we saw yesterday. It was so interstate what you said talking about the markets shrug in the south. Yahoo also shot in the soft . People. The day before donald trump renounced these people in no unequivocal terms, he did not he denounced every single last one of them. The next day, what does he say . Inciting the violence, which is exactly what the Charlottesville Police chief had said the previous day as well. How it is the media says you have to say this in the very next day you didnt say it again is absurd. Listen to this one from speaker ryan on twitter. He is sounding off on charlottesville. Here it is. We must be clear. White supremacy is repulsive. His bigotry is counter to all this country stands for. There can be no moral ambiguity. Hes putting distance between himself, the house, Republican Party and this president. I repeat the question. The two are divided here the time the president really means the Republican Party to get legislation through. This is an impasse not good for anybody. I think i would agree with that in speaker ryans response pair is politics as usual, the way its been done in this town for years, for decades. They play these word games and so often it revolves around race, which is so, so incredibly good and sad. They play these games are not as what paul ryan is doing there. What moral equivalency did he specifically gave between what quarter did he give . The answer is he gave none. All these politicians cant help it. Stuart do you think we covered the American People, if they get used to this president , his style and tone because its totally different than anything weve seen before. A huge majority of people are getting used to it. The people not getting used to it are the media, the politician and of course most of all the democrats who benefited enormously personally by terry in the sky down at every turn. Stuart Charles County thank you for joining us. What a time we live in. Thank you all. Look at this. What were describing here is political turmoil in the extreme. The condo market will open in 23. 5 minutes. Up, up again. Higher profits at target is the important point. More customers visit the stores in one online at target. Result, profits up, the stock of 3. 7 . Thats the important story today. Wall street journal reporting that apple has allocated a billion dollars to spend on original programming going headtohead with netflix and amazon prime. This is speculation apple could buy netflix or disney outrage. Apple stock will go up a little at the opening bell. How about amazon. I will tell you now, it might be a tad lower. 979 a share. Another amazon story for you. This one is a little different. President trump tweeting about amazon this morning. What did he say . Trade for amazon is doing great damage to retailers, cities and states throughout the u. S. Many jobs lost. Early in the year the president did say he was pleased amazon is going on a hiring spree to hire 100,000 workers by the end of next year. The number of units of Small Business sold double the 40 million from last year. I think hes done this. I think its actually going after jeff bezos. It is just filled against the president. Trump is on the attack this morning. More news, more career reportedly executed, torturing and enslaving those who practice religion. Ashley the report says if you practice in north korea, you could face beatings, arrests, torture and execution. 120,000 people considered Political Prisoners in north korea. Many of those because of religious beliefs. Its interesting that irony is the constitution says, quote, all citizens have freedom of religion. Ha ha, how about that, they dont. The protestants, catholics and buddhists. Stuart thank you, ash. The president weeding up a storm. Another one about north korea. Kim jong sub one of north korea made a rise y simple reason decision. It would have been catastrophic and unacceptable. North korea backing off from the missile towards guam. Might baker is with us. The president is making the point again. Show the North Koreans you can take it if you have to and convince them that you are willing to do it. This is more of the same. It is a winning policy thus far. I think a large part what we see is the result of speculation. Im not sitting in the white house war room but as a result of china and china believing that we this time are serious about enforcing the sanctions, holding their feet to the fire over insuring the day of the sanctions and also the administration of the trade imbalance and what they may do there. I expect the chinese were at this point to the game finally sat down with the north korean regime and said the systems changed and and they are not going to support that. Stuart it is not over though, is it . Obama is still there. An Aircraft Carrier there. Weve got antimissile system there, ready to shoot one down. The standoff just continues waiting for some they do happen. It does. The danger here is what weve done over all these years, which is get to a certain point. The tensions are diffuse to some degree and we focused elsewhere and they make a little bit more progress than we find ourselves in another point of tension. What do we do now . The first thing is we have to keep the pressure on china. We have to ensure new sanctions are enforced. We have to call up the chinese when they try to circumvent the if they do what we have to maintain pressure. If the chinese authorities actually do enforce the sanctions from their side, the north korean regime as has been explained will feel significant pain animal frat like kim jong someones primary goal is, which is maintaining leadership. That could then lead us to a point where we could have significant talks about not only deescalated tensions, but possibly denuclearization of the regime. Stuart i call that a plus, mike baker. A huge plus. We appreciate it. See you soon. Check the future is because we are going to go up in the opening bell 50 points on the dow industrials. Ryan air, europes big discount timeline to cut down on drunken unruly passengers. Ashley why are you looking at me . They are asking british airports to limit how many drinks or passenger can have before they get on the plane. Nigels barrage known as mr. Brexit. He reports out that mr. Farage, a movie you saw in the works. I dont think hollywood is going to be very kind, doyou . New reports that president obama knew that russia had plans to battle in our political system two years before the election. Napolitano coming up next. Our bodies react by overproducing 6 key inflammatory substances that cause our symptoms. Flonase helps block 6. Most allergy pills only block one and 6 is greater than 1. With more complete relief you can enjoy every beautiful moment to the fullest. Flonase. 6 is greater than 1 changes everything. My business was going nowhere. So i built this kickin new website with godaddy. With gocentral from godaddy, you can create a professional. Website in just a few clicks. In fact, 68 of people who have built their website using. Gocentral, did it in under an hour, and you can too. Its so easy. Type in your business or idea. Pick your favourite design. Personalize it with beautiful images from our huge photo. Library or upload your own. And. Youre done zero Technical Skills required. But dont worry, if you do need help, were here for you 24 7. Now business is booming. Harriet, dear, its a double stitch not a cross stitch well even help you improve your rank on Search Engines like. Google, so more people can find you you can even build and manage your site from your mobile. Plus, link your site to social media, including facebook. And twitter, with just a few clicks. Build a better website in under an hour with. Gocentral from godaddy. Free to try. No credit card required. Gocentral from godaddy. Stuart fox news confirms that hanks has been named the interim White House Communications are. Shortterm ho pics, longerterm someone else. Ashley ho pics has been one of President Trumps longtime voice of the Early Campaign for president. She is considered a real team player and she will be there as kind as a conduit. She will be the interim Communications Director following the 10 day stint of anthonyscaramucci. Stuart you could tell the judges here, cant you . Listen to this one. The obama team was warned in 2014 about russian interference. What is the significant of a warning two years before the election . Theres a number of issues here. The first is they did nothing about it. The second is the reason they did nothing about it is because at the time they learned the russians were planning to affect the outcome of the american election, what were they doing . This socalled reset between the United States and russia in which secretary clinton famously gave foreign minister laff rob at reset but, she pressed the button, made him president. They thought this imagery was exactly what they wanted. The last thing they wanted was to disturb this is quit his plan under reset by same food, are you really going to steal the election in 2016 . They did nothing. Stuart the criticism of the trump team has always been that you allow, you may be that may be then used the russians to interfere in the election when the democrats under president obama and do about it before the election. Theres another story. Is anybody else going to bring this . Did you see on the front page of the New York Times . Its the press using its ideological biases to whitewash history, recent history and their animosity towards President Trump. Stuart does it mean if the democrats knew about this two years before the election . Is the president of the United States himself and is the chief lawenforcement officer of the land whose duty it is to secure the constitution and enforce the laws. The constitution says to take care of the laws are enforced. Not enforcing the laws. Stuart that is dramatic. Have we burst his bubble products. Bob mueller, will he investigate this aspect of russian interference . Hes investigating Everything Else, but he might be interested in wanting to know in his grand jury might be interested in wanting to learn when the American Government first learned it and what the American Government did. Stated differently, is their culpability on the part of the democrats. Stuart a very important story. You are right to raise the issue is nowhere in the media. The American Public needs to know about it. Stuart youll be back at 11 00. Argument you may stick around for something i dont want to talk about . Stuart has got a couple of items for you. A millennial story back to 2003. Two College Students started the movie business for some extra cash for the summer. Today they have more than 100 franchisees of their business calling it nearly a million bucks a year. Our trade story of the day, Princeton University created a new position. Then the engagement manager tasked with making man laughs. Napolitano is a princeton alum. Stick around for this one. You too, please. Got you outnumbered. The dinosaurs extinction. Dont listen to them. Not appropriate. Now im mashing these potatoes with my stick of butter. Why dont you sit over here. Find your awesome with the Xfinity Stream app. Included with xfinity tv. More to stream to every screen. Stuart the judge remains with us for this particular first story. He went to princeton and now Princeton University has a paid position for a man engagement manager to battle aggressive masculinity. Let me give you a couple of Job Descriptions. Number one, promoting an environment for healthy male social development are Challenging Police systems and social constructs to alternative position options. What is going on . I wish i knew what was going on. Its private property and they will do what they want. It sounds to me like they are trying to change peoples nature. If you are accused of a impropriety, not proven, but accused, you are required to go through this course, the essence is to make man less masculine. Stuart the assumption is mad are the source of all violent. Masculinity is sent in to be tempered rather then it is our nature. Stuart this is intensely pejorative against all men. Can you imagine the reverse, a female hired to talk to women student to make them less feminine . That would be preposterous. They can do what they want with their property. Stuart are you donating to your alumnus. Because of a lot of things. This is as bad as any of that nonsense the London School of economics. This may even be worse. Not a student there any longer. Im glad we can have fun dealing with political turmoil in princeton having those. Forcing someone is against their will to take this course. Not very masculine. Stuart has got to tell you whats going to happen in four minutes. Despite this extraordinary background, the market goes up again. We will be back with that. Its a highly contagious disease that can be really serious. Especially for my precious new grandchild. Its whooping cough. Every Family Member, including those around new babies, should talk to their doctor or pharmacist about getting vaccinated. Stuart one more time, ladies and gentlemen of political turmoil in the extreme. In 12 seconds, this market will open higher. I want to explain it, but the same old, same old. The money is doing very well. Thank you indeed. Wednesday morning. I see the green appearing already. Looking on the righthand side. 42, here we go. We are up right from the opening bell. No matter what is going on in washington to impute no matter what President Trump insane, the market has gone up again. 22,043 is where we are. The s p 500 if you play that index, you are in luck again. Quarter higher. Nasdaq up 14point, a quarter higher. All across the board, stocks is when they morning are up. Target is set. Better profits. A 3. 6 . Same story. Urban outfitters and would you look at that again . 24 from the getgo. Apple will allocate a billion dollars to spend on the original programming cant tend to going headtohead with netflix and amazon prime. 161 barely budging. Amazon, President Trump blasting the company over taxes and jobs this morning. Attacking amazon more and not in this decade. Ashley webster pilot Elizabeth Mcdonald and shy go on me. Same old story. Turmoil in politics of the market going up. What does that matter to this . Based of america acts differently than Everyone Wants him to. They are able to separate politics from pocket books. They are going to vote with their money and then act socially in a different way regardless. Tree into a not mainstream america. Its the institution, foreigners for heaven sake. All of these places are able to do the same thing. Separate their political for their bottom line. Trade do what you say, shai gallani, the guy accurately forecasted this rally. It began Political Movement and expectation for all things we havent seen yet. The markets been driven by better at burning, better growth both domestically and globally. Nowhere to go but up. Pickups around the corner coming to the end of the summer. Not to wear is a little bit scary. Born to the political side of things. A great boost of earnings. Where else would you put your money . That is the question. Institutions have nowhere else to go. Bank of japanbuying 52 billion this year. Stuart that would include american stocks. The Swiss National bank owns 145 billion of u. S. Stocks. Stuart point taken. I will show you three stocks, publicly traded companies. The ceos of those three companies have left the president S Manufacturing council. This morning the stocks are up. I expressed the opinion yesterday that the ceos whove left the council are doing a disservice because they put their own personal politics ahead of the interests of their shareholders. Does anybody want to take me on this one . Liz ive been repeatedly saying that however i am cognizant of the fact they are done in d. C. Without sitting on the councils. Look at the Company Still on here, ge, united technologies, still sitting on the council. Maryborough is on another council. She could be under fire for that. I think some of these believe their best interest do not lie with the president at this particular point. Some people have to answer the question expecting change from within or from without. When you go wow, you lose some of that info in that they do it against political reason. Liz not so sure about that. Companies for decades have been getting things done. Stuart if youre on the council, you want Corporate Tax cuts, timber structure. You want deregulation. What do you have on the most vital story appeared you shouldnt have anything to do with the companies. This is the world we live in now. Unfortunately that as well. Stuart after the press conference yesterday, they left the council and those are the people who have let the manufacturing council, just some of them. After the beating, President Trump this morning tweeted about amazon. He went right on the attack. Heres what he said about amazon. Amazon is doing great damage to taxpaying retailers, towns, cities and states throughout the u. S. Are being heard. Many jobs be lost. Shai gallani, shes attacking amazon. I dont think you will expect the stock. We own the stock, we like it. The issue is about disruption here this is not amazon doing anything wrong. Complete economic great business, expanding our business and everyone will have to figure out how to play the same game and suffer the consequences. If everyones jumping on the bandwagon. They always get it nipping at their heels. You are the lead dog in the lead dog always has everybody behind him, wanting to take a bite out of bed. Amazon will continue to flourish because they are executed so well. Stuart you own it. You wont sell it yet. I do own and im not selling. Stuart we are six and a half minutes into the trading session. Where are we . 53 points higher. 22,052. Cisco will report the profits or whatever after the bell today and they walk up to the announcement virtually unchanged. Day two report after the bell today. Bath and body works at victorias secret. They are 2. 5 . Apple allocating a billion dollars to spend on original programming. They are going to go headtohead with amazon and netflix but theyve got the cash to buy a netflix or by a disney. That renews the speculation about what they will buy. If they are going to get into this, i think it helps, not hurt Company Knight country like netflix because of the exact reason. They say this is a growth industry, putting their money where their mouth is. Netflix this series project it to spend 6 billion on their own content. This is the real golden age of television. To new industries which are talking about a streaming. Thats where its going. Apple getting a bit of a late start. Youve got 261 billion in the bank. When it does, you become the lead dog. People like netflix and that the next move. Stuart interesting. Lets get to the retail bright spot. Im not that far along time. Urban outfitters. That could target up for 1. 3 . Weve got Urban Outfitters at 23 now. You on target. Would you buy anymore . Its got nice dividends. I like what they do in terms of online growth of 32 . The sales up about 1. 3 which is a surprise on the positive side. Sometimes with these come to me is they mix the online stuff so youre not sure where its coming from. Whenever you see a retail bricks and Mortar Company rebound, youre interested. We are very happy with it. While you sit on it it hoping to get the act together. Where you at . Urban outfitters dropped from almost 60 . Target only about 30. So its a big bounce for Urban Outfitters. Target is executed again. I love that word. People doing things writer behind walmart and amazon. They made the acquisition monday on the delivery service. They are starting to do the right thing. A 32 is an opportunity for us. I just dont like it. Anthropology was down 4 and sales at Urban Outfitters a 7. 9 . Stuart salad with all that extra money into the bank. Snaps stock has had a series of of a series of hit since the idea. George soros is sticking with that. An investor. What do we know . Liz he bought the stake in the first quarter. We dont know what he bought out. He bought in at 31 william dollars. This is just a ballpark number. No breaking down tonight 10 million utes lost about 12 million hypothetically. People like to say snap ipo seven team. Now it is worth less than half its value. Stuart how many were tempted in the mid20s . Great stuff today. We appreciate you being with us. A 40point gain for the dow industrials. 22,044 is where we are. Im going to show you a chart. Here it is. Sales at Department Stores versus Online Retail. This represents the last 17 years. The blue line on the bottom traditional Department Stores. That is the online sales going straight out. The bricks and mortar versus online. Thats the story. Liz retailers bankrupt 24 doha last year. Bernie sanders promising to push a singlepayer system is medicare for all once he returns to d. C. We are all over that story for you. Stuart 14 minutes in. Where are we . 55point higher. 22,053 is where we are despite all the turmoil. Now this. Everybodys doing it. Fiat and chrysler has joined a self driven alliance. Can tell me who else is involved. Varney take a look here. Fiat chrysler joining bmw, also in. This is all in an effort to create autonomous driving. Self draining vehicles. A race between these names i just mentioned. Also tax law, google, apple on this. These are the names trying to pump out the driving vehicles on the road. Is all about a big part thats going to be a 285 billion market. Stuart so they say. Cant wait. We try to figure out who will come to this story. Wait, wait. Heres the story. Ryan air is here right there. They want to limit how much alcohol. I dreamed they can buy before they get on a flight. Ashley a very shocking reports than last year alone 387 people were being arrested for being drunk, so drunk they could pull up their seats on takeoff in became abusive of Flight Attendants. The word now is the Airline Industry is wanting people to not be able to buy alcohol before 10 00 a. M. It 10 00 a. M. I too have a two drink limit. Nothing like a pint of lager at 7 00 a. M. In the morning. He couldnt even get off the plane at the other end. The problem with the brakes is a just asked the Flight Attendant for a class. They are trying to stop the use. Stuart the bricks are doing this . Fly the boozy sky. They are not in the upright position. Stuart all right. Lets get serious here. Retail sales versus Department Stores. Department stores flat and. Whos with us . Christian runs an Online Retail etf. Thanks, stuart. Stuart dtf buys other stocks, puts them in a basket and you run this annually by companies which do 70 of their business online. Is that correct . Thats correct. Theyve done quite well. Its more than just amazon. Trade to everybody saying where to here . Surely the online writing and amazon peaked. We think is early in the game. All u. S. Retail sales, a. 5 come from Online Retail. We think this could grow to 20 to 30 of all u. S. Retail sales advanced three to five years. Very early. Tummy which companies are in your etf. The more wellknown companies are amazon, ebay and the lesserknown Companies Good performers have been pet beds. Up over 100 yeartodate. Wayfarer, a lot of the online furniture. All of those are stocks that i dont personally own, but etf does own. Stuart tell us more. This is fascinating. Ebay a mayor, netflix. Overstock says another. Stuart the sole criteria of your basket of stocks, but said the business on time. They show the difference between on London Department store sales and performance. 50 percentage point difference in performance between on tight retailers and traditional retailer stocks. You are the sponsor of this. You manage it. We launch a variety of bts. One is the amplified Online Retail. This is a typical question. You sponsor it and its doubled in price. Going from 25 to about 35. Stuart you are doing well personally . Does your remuneration from this double as it is double . We get assets under management. Thats correct. Congratulations. You really came at the perfect time with a product. Christian lagoon, i buy. Stuart the dow 30, a predominance of green paper market is up to the dow was up 52 points. The record now. How about this. College hunks hauling junk. It is a moving business of course started by college kids. They made close to a million bucks last year. They are on the show next. 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. Track your pack. Set a curfew, or two. Make dinnertime device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. Introducing xfinity xfi. Amazing speed, coverage and control. Change the way you wifi. Xfinity. The future of awesome. 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 the name of the company is college pond College Hunks moving job. Joining us now, omar solomon, one of the hunks who started this. Welcome to the program in two graduations, young man. Dancer having me. Happy to be here. Stuart you started this just a couple guys moving fellow students in and out of college. Thats the business, right . Pretty close. We started in 2005. We actually employ a lot of College Students, but our primary market is how others like yourself. We come in, move you, declutter you. Hugs stand for on his uniform nice knowledgeable service. By that definition i still qualify. Stuart we were told earlier that youve now got 100 franchisees. That is your Business Model. You franchise this out. Exactly. We have 100 franchise owners, 1000 trucks. The Business Model is exactly that. We open up franchises and territories and to support those through our call center. The technology weve developed. Kind of a 2. 0 version to what might be a bluecollar business. We wanted to put a fresh spin on it. The cigar chomping jon koller, want to change that image and provide a great experience. Stuart do you provide a really Competitive Price . You know, we dont compete on price. The companies are competing on price are probably going to get left behind if thats your Business Model, thats fine. Moving is one of the most stressful things in someones life and people will put a premium on having highly trained reputable people inside their home. Stuart forgive me for asking how old are you . You may ask in 35 years old. Stuart you started this business in your 20s . Thats right. In college. Stuart are you worth 10 million . The company is on pace to 80 million in systemwide revenue. In terms of my personal network come im doing pretty good. Im trying to be like you. Stuart somebody was talking in my ear. I miss that. How much are you worth . You got me on the hot seat here. Im doing pretty good for myself. I cant put an exact number. I have to have my account and get back to you im not. Stuart you are a good man. Come and see you soon. Congratulations. Appreciated. Thanks for having me. Stuart my editorial coming up the top of the hour. Ill pose this question. Will we ever get used to President Donald Trump . Flonase outperforms the 1 nondrowsy allergy pill. When we breathe in allergens, our bodies react by overproducing 6 key inflammatory substances that cause our symptoms. Flonase helps block 6. Most allergy pills only block one and 6 is greater than 1. With more complete relief you can enjoy every beautiful moment to the fullest. Flonase. 6 is greater than 1 changes everything. Stuart were seven months into this presidency. Will we ever get used to donald trump . Probably not. His style and tone are completely different from any president weve seen before. It is not just his use of twitter. Obviously we have never seen a president communicate in 140 characters or less at 6 00 in the morning without any kind of filter. He is also brash, frequently vulgar, always combative. Case in point this morning he fired off a tweet attacking amazon. Some ceos are withdrawing from the president , so the president goes after jeff bezos, founder of amazon, owner of vigorously antitrump Washington Post this is classic counterpunch from mr. Trump. Look at his performance yesterday. At an impromptu press conference he was attacked over his charlottesville statements. He pushed right back. It was a sight to see. The president of the United States engaged in a shouting match with the media. His supporters may love it but this president s style and tone are getting in the way of his agenda. He Needs Congress to pass progrowth legislation but many politicians are walking away from him. They believe association with trump is toxic in next years elections. Lets be clear. We knew what we were getting. The Trump Campaign style left no doubts but that style and tone are now hurting the agenda we voted for. It is an impasse. The country will have a hard time getting used to this president. It doesnt look like he will change. The second hour of Varney Company is about to begin. Stuart we have gone up some more. Were up 69 points, 22,068. Up0 70 points. Still less than the alltime high. Facebook down. Alphabet is up four bucks, microsoft is struggling for a gain of 20 cents. Mixed bag there. Look at two retail bright spots. That is unusual. Target is up 37 cents right now. It was up more than that earlier. Urban outfitters, whoa, 123 higher. Home depot leading the dow of a an upgrade from the Raymond James company. They upgraded it. They say it will outperform the overall market. Home depot is up. Now this. Government bean counters say obamacare premiums will climb 20 next year if President Trump gets rid of subsidies for Insurance Companies. Betsy mccaughey is here, author of, beating obama care, former Lieutenant Governor of new york state. Let me correct what cbo said not talking about getting rid of all subsidies. Talking about getting rid of cost sharing subsidy which Congress Never appropriated money. If the president spends the money 8 billion, add 18 of cost of obamacare plans today, 8 billion, if he spend it he will be violating the countstution. A federal court rules that is the case. Stuart is it accurate to say if the president does not put this money into the Insurance Company covers, insurance premiums will go up 20 . For the small individual market that is exactly accurate. The cbo is accurate but is not complete. It tells you how much the subsidies cost, 8 billion out of taxpayers pockets. That is enough to send every High School Student to college. Washington people become immune to talk the size of these numbers. Stuart talk the politics. Wait. If he doesnt put that money into the Insurance Companies, if he doesnt do that, these premiums go up another 20 , small market go up another 20 , guess he gets blame for collapsing obamacare. I do not believe the Republican Party should benefit of taxpayers,billion dollars out of their pockets, throwing bad money after good, prop up a law, stuart that doesnt work. You can pour enough money every year to keep the thing afloat, but it is abuse of taxpayer rights and in addition stuart i agree entirely. Youre ignoring politics. Then you have political risk. Then the republicans will lose, hands down next year with obama care on steroids. I dont believe that americans know this doesnt work. What they want is a real fix. Not just more of their money thrown down a rat hole and throwing down with it our rule of law, our constitution. One of the things we all agree is so important. You want the president to start spending money without appropriations from congress . Tell him to buy golf courses. Stuart no, i want to fix obamacare which in the short term works, but longer term gets rid of taxes and subsidies and medicaid expansion. That is what i want a rational fix. Short term should be legal. This one isnt. Stuart moving quickly along here, senator Bernie Sanders says when he gets back to d. C. He will unveil his singlepayer plan, medicare for all. That is death knell for baby boomers. Ill tell you why. Stuart dont hold back. Once you have a system, singlepayer everybody is on the government system, older people, baby boomers go to the back of the line. It is already happening in the British National Health Service. Baby boomers are told, well, im sorry if we give you a hip or knee replacement, you dont have as many years to enjoy it as somebody in your 50s, youre not as entitled to it. Already right now the British National Health Service who need angioplasty. Stuart take a waitandsee approach. That is a death sentence. People with symptoms of colon cancer they must wake 13 weeks for colonoscopy. They say hip and knee patients, you cant have it because too many people in your city got the procedure. Stuart why do i feel completely overwhelmed this morning . Those are the facts. I would urge americans to take a look at those facts before they go for something that sound so wonderful, medicare for all. It is medicare for everybody unless youre old. Stuart betsy, i will hold back here. Thank you, betsy mccaughey. We appreciate you being with us. We do. Back to my take, otherwise known as editorial at top of the hour. I say President Trump is isolated. I think that is dangerous. Joining us katie pavlich, town hall editor and fox news contributor. President needs Political Support of the Republican Party and he is not getting it at this moment. In other words he needs them to get the growth agenda done, he is not getting support he needs. What say you. Despends what specifically youre referring to. I do think that the house and the senate, specifically paul ryan and Mitch Mcconnell, before the august recess, they came up with this memo extensive memo how they would work with the white house to get tax reform done. From a policy perspective they made it clear they want to get the president s agenda through. When it comes to the event that happened over the weekend, there has been a lot of pushback and clarity from republicans about them distancing themselves and putting no daylight between their opposition to white supremacy, neonazi groups. I think that is a fair argument for them to make. Stuart am i right in saying this is a real problem for the president . That he needs the support of republicans, he needs Political Support, if he doesnt get it, we dont get the growth agenda . That is pretty harsh stuff. I dont think because theyre issuing these statements distancing himself from the president s lack after statement on saturday, theyre not willing to move forward with his economic agenda. I dont think theyre mutually exclusive. Stuart not so enthusiastic,. Why would they be . Stuart any association with the president , any association with the president is toxic for them. I dont think that is fair theyre not enthusiastic about president s agenda. When it comes to economic growth, tax reform, infrastructure, a big ticket item to be on the agenda this year, they are involved with that that is something they brought to the white house, mr. President , these are things that have to get done to the American People to meet your goals for 4 gdp growth Going Forward. In terms of all these other side distractions weve seen over the past six month, that is a problem for the president , and that is why john kelly was brought in as new chief of staff to get that locked up. Stuart okay, how about this one . Fox news just confirmed hope hicks is the interim Communications Director. Can she rein in the president . I know she is an interim Communications Director, but can she do it . Can she put a filter on the twitter account . I think big problem is that everyone assumes that the goal is to rein President Trump in. I think that she is actually an excellent choice for this position. I think the Job Description of what she will be doing will be quite different from the traditional duties of what a White House Communications director has done in the past for other administrations. She knows how President Trump communicates. She has worked with him for over a decade now. She knows what he likes, what he doesnt like, what his style is. How to translate some of the things he says for better nuance and explanation. Stuart do you want general kelly and hope hicks to rein in the president s twitter account, real fast, do you want it . I just want a little bit of discipline. I think he should keep tweeting but content of the tweets is what matters. Stuart a filter. A little bit of a filter. Stuart how to get a filter at 6 00 in the morning. 4 00 in the morning. Getting earlier and earlier. Nobody is awake to filter out the president s tweets. Stuart katie pavlich. Thanks for being here. Thank you. How about this one, as i said before, everyone is doing it, chrysler is joining bmw and intel in a effort to develop selfdriving car technology. What do we have on this . Liz robo taxis to take out uber and lift. Mobileye is in the alliance. Marries hardware of automakers with software of silicon valley. They think this is cheaper way to developing the market which they believe will be 2 trillion by 2021, 2023. Daimlerbenz mercedes is moving in the space. Uber taking out the rental companies eating into car profits. We have robo taxis, they can order up a smartphone and taking out uber and lyft and other taxis. Liz did you see the poodle . Stuart i like the pat dell. It is official after much complaining, daniel craig will be back for another installment of james bond. The movie is due out November November 2019. Two years ago the actor said he would rather kill himself than do another movie. Liz and he is alive. Stuart President Trump not making any friend after the News Conference yesterday. The markets dont care. How high can we go in any part of his agenda gets passed, well tell you. Well speculate. Nfl players have everything, for on the field, financial coaches and getting one for social media. Fox sports 1 Jason Whitlock later with us this hour. Youre watching the second hour of Varney Company. Im. Im so in love with you. Whatever you want to do. Is alright with me. Ooo baby lets. Lets stay together. Stuart how far up are we . Answer, 63 points higher at 22,000 and beyond. I repeat were less than 100 points from the alltime record high for the dow industrials. That there is american eagle. Theyre out fitters, apparel people, retail store. They teamed up with a fashion firm in india. The market likes it. That is near 3 gain. Look at those markets, despite the turmoil, the markets remain, that is the dow, remains real close to a record high, up again today despite it all. Joining us herb london, president of the London Center for policy research. Its a divorces isnt it, this crazy political morass and market. Explain it. Explain to our viewers why this market is going up. There are some imponderables, you count on market goes up. Where will people put their money. Stuart do they have a choice. In some sense they dont have a choice. You wont put it into the bond market where you get 2 return. Theyre looking at equities market. It has done exceedingly well. The attitude of the president has some Chilling Effect on the market but not sufficient to change attitude of those making institutional investments. As far as the president is concerned, i think if he could get concentrated on health care reform, an the tax reform proposals, as i have said to you many times, this is an adrenaline shot. Were up to 24,000 at that point. Stuart wait a second, wait a second. As soon as we see a tax cut signed by the president , you think we go to 24,000 and beyond . I think very rapidly. Very rapidly. Stuart but he will need the support of the Republican Party in congress to pass the tax cut. Thats correct. Stuart he may not have it because of what is being said about charlottesville and other controversies . That is correct. These controversies do stand in the way getting kind of legislation you want. Republicans are very unhappy about the president ial behavior, but on the other hand, what you have to do is have mr. Kelly, say to the president of the United States, take that cell phone, throw it away. Put it in your toilet. Stuart not going to happen. Of course it is not going to happen because he is impulsive. At same time he has to be controlled. If the president is not controlled no one controlled him yet no yet, the word yet is imperative here. I think that kelly does have the ability to do that. Stuart so you think, if we focused on the president and said, mr. President , you get nothing done, absolutely nothing done unless you throw away that twitter account, restrain yourself on all occasions focus in on tax cut, you think that would work . Frankly, i think what the president ought to do exactly what reagan and fdr did. Have fireside chat. Get it all canned. Saturday morning for an hour. You cant explain things in 140 characters but you can in one hour. You sit down explain to the American People why tax cuts are so essential at this moment. You explain to them the kind of reforms that are necessary in the Health Care Business. You do this over one hour. It is all orchestrated. The way it was with fdr. Appears as though extemporaneous but its not. Then he has the opportunity to express himself. Stuart talk about ceos clearly putting distance between themselves, their companies and president of the United States. Here are the executives who have left the president S Manufacturing council. They are, krzanich, intel, musk, tesla, frazier, merck, plank, under armour, paul. Ashley alliance for america. Stuart got it. Here is who is left, strategy and policy forum. Iger, musk kalanick. What do you think about this . This is business, the major businesses in america, separating themselves out from the president of the United States. Holding him at arms length, retreating from him, are they doing the right thing . We have divided country, no question about it. This is reflection of that division. But at same time i think we have to understand one of the reasons why youre there to engage with the president in conversation about tax cuts, Corporate Taxes, about the regulations that very often stand in the way of the kind of reforms that are necessary. I think that kind of voice is necessary. However, it is not imperative but look at what is happening in the market. The market doesnt respond to the view of these people in the business community. It is largely a reflection of ones ego. It is very nice to sit on president ial commission. How much influence do you have remains to be seen, largely because the president ultimately will make the decision with his economic advisors. Stuart so nothing matters . The swamp, d. C. , politics, it does not matter as long as people perceive that the best return for their money is the United States stock market . Until there is exogenous event that has some sort of Chilling Effect on the market. Stuart that could have been north korea. Thats correct. Stuart and it wasnt. Herb, thank you very much indeed for your wisdom, pierce thereof. We appreciate night thank you. Stuart wait for it, ryanair, here comes the story again. Discount airline, talking serious discounting. They have asked british airports to limit how many drinks a passenger can have before they get on the plane. Were all over this one. Ashley talking about the pilots. Just kidding. Just kidding. Stuart President Trump going after amazon again. I dont know about again, but he has bonn after them. He said amazon is doing great damage it towns, cities and states. We will explain. Amazon down seven bucks. I needed something more to help control my type 2 diabetes. My a1c wasnt were it needed to be. So i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its suppose to do, release its own insulin. 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Common side effects include nausea, diarrhea, vomiting, decreased appetite and indigestion. Some side effects can lead to dehydration, which may make existing kidney problems worse. Onceweekly trulicity may help me reach my blood sugar goals. With trulicity, i click to activate whats within me. If you want help improving your a1c and blood sugar, activate your within. Ask your doctor about onceweekly trulicity. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. The dinosaurs extinction. Got you outnumbered. Dont listen to them. Not appropriate. Now im mashing these potatoes with my stick of butter. Why dont you sit over here. Find your awesome with the Xfinity Stream app. Included with xfinity tv. More to stream to every screen. 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 weve gone up a little bit more. Now were up nearly 74 points, well over 22,000. Now this, President Trump is going right after amazon. Heres the tweet. Amazon is doing great damage to tax paying retailers, towns, cities, states throughout the u. S. Are being hurt. Many jobs being lost. They were london, i suspect this attack on amazon is an attack on jeff bezos, who owns the Washington Post, which hates donald trump. There is no question about it. The president is very combative. This is way to get back at the Washington Post and editorials that appear that are so antitrump. Seems like forces are mounting, gathering to go after after son for all kinds of reasons. Ashley on this show weve been talking about this for many weeks if not months. Every day we have an amazon story theyre getting into something else. Their tentacles are raising voices, wait a minute, what about monopoly here . You know the story today, liz will explain it, the tax, South Carolina says it is owed by amazon is just another example. Bottom line he is going after jeff bezos any chance he gets. Stuart so one of the states going after amazon as well . Liz South Carolina says you owe us nearly 13 million. Amazon has on the site, basically to connect businesses on its site, businesses come on the site with consumers. This is separate from amazon selling. Ashley third party. Liz theyre saying you owe taxes, distribute sales taxes on that too. We should point out congressman are looking at whole foods transaction. Despite all the opposition, nothing bad has happened to amazon yet. They keep on expanding. Liz that is the point. Stuart bigger agenda ahead for republicans, the debt ceiling, obamacare and of course taxes. Here is our question, does the divide between President Trump and republicans put all or most of that agenda in jeopardy . Thats a big question. Well be right back. Dont let dust and allergens get between you and lifes beautiful moments. Flonase outperforms the 1 nondrowsy allergy pill. It helps block 6 key inflammatory substances that cause symptoms. Pills block one and 6 is greater than 1. Flonase changes everything. Stuart why are we playing so much beatles these days . Liz you love it. Thats true. I love it. My show, i love the beatles. Big board up3 points. 22,073. It is another rally. Weekly oil inventories, numbers, how much we have in storage, how much were using. Ashley were waiting, down how much . 8. Almost 8. 9 Million Barrels drawdown. That is 2 1 2 times more than expected. So theoretically that should raise prices, using more oil. Stuart precisely. Were using a lot more oil than we thought. Ashley right. Stuart weve taken 8. 9 Million Barrels out of storage because we need to use it. Therefore the price should go up. Ashley last week we drew down 6. 5 Million Barrels, again a lot more than expected. At some point you expect it to have an effect on oil prices though gasoline stocks we need to check that as well. That offset some of the drawdown. Oil up 25 points. No impact on the stock market at this point. Checking big board. Where is the market now . 71 points higher for the big board. How about those tech names, dont you love to check them . They are mixed. Facebook at 170. Microsoft, alphabet, apple, on the upside. Not much but moving a fraction higher. Shipping companies we dont do much with them but we will today. Shipping companies doing well, a key sea freight index is moving higher. Good news for shippers. Look at percentage gains. Look at them go. Not bad. Now this. The doctor who discovered cte, that is the brain disease Football Players can get after multiple concussions, he says if you allow your children to play football, you are 100 exposing them to brain damage. He compares it to child abuse. Roll tape. So knowing what we know today in the 21st century, we are intentionally sending children out to suffer brain damage. If that is not child abuse, what is it . What is it. Children should play in noncontact sports and that, enrich them, nourish them, give them intelligence. Stuart wow, that is quite a headline. That is strong stuff. Jason whitlock with us, host of speak for yourself on fox sports 1. That is strong stuff. What is your reaction to it. Listen, dr. Omalu made quite a name attacking football and attached his name to the cte. Im not a doctor, but i am a former little league, junior high, high school and College Football player and most of my friend, many of my friend are. I dont, i dont get into the cte hysteria. It is one doctor. It is one study. Its a group of people i think have an agenda against football. All sports, from soccer to hockey, any contact sport, you risk some injury to yourself. Listen, candy is more dangerous to children than football and i just think, i wish this conversation were being held in proper context. It is not. It has been sensationalized. It is an attack on football. Stuart it was a sensational headline. Cut the conversation short and move on. Here we go. The in. Fl launching what i think is a new department at the nfl to help players with their social media accounts. Is the nfl just trying to keep the players out of trouble . Is that what is going on here . I think the nfl is aware how much influence social media has on its players and theyre trying to stick their hand to get control over the situation. I wish them good luck. Social media, particularly twitter, is completely out of control. It is completely the headquarters for fake news and for sensational news and stories out of con text. I think one of the reasons why the nfl is getting involved with this, they know many players with the National Anthem protest from colin kaepernick, Michael Bennet with the Seattle Seahawks from their involvement in twitter and social media they think, oh, the way to fight oppression taking a knee before a football game, rather than getting involved with your communities and really helping people. They fallen into the twitter social media trap. It is just easy. Take a knee during the National Anthem youve done something for the betterment of society. You really havent. You increased your social media brand, your twitter following but you havent done anything to improve society. If i were the nfl, if i were any major corporation, i would ban my employees being involved with twitter and social media. We cant handle it. Stuart would you like all of this to go away. A mouthful there, didnt i. Stuart trying to get a word in edgewise there, it is my show. I totally failed. I cant hear anything. Stuart oh, we cant hear the question. I will thank you formally for you being with us, jason. Hope to see you again when we hear all the pearls of wisdom. Do well with that. Ashley im laughing. Stuart well have him back. He is a good man. Politics, President Trump appears to be more isolated after his charlottesville comments yesterday afternoon. House Speaker Paul Ryan tweeted this. We must be clear. White supremacy is repulsive. The big gottry is counter to all this country stands for. There can be no moral ambiguity. Edward fuller in back with us. President of the heritage foundation. The president does not have full support of the gop at this moment. That is not good news for his growth agenda. Do you agree with that . I have to agree with you, stuart. I think what the president said on monday was exactly spot on, when he denounced neonazis, Ku Klux Klaners and extremists. That is where he should be. Move on now to talk about real policy, the trouble it is bleeding over into real policy, isnt it . It is affecting the conclusion the real policy. Youre absolutely right unfortunately. As you know washington is on vacation at the moment and everybody would rather talk about charlottesville, than they would about the best marginal tax rate or what to do about the debt ceiling, et cetera. But there are, there are some positive things i think actually happening here too. Maybe we can even focus on those for a while. Stuart go ahead. Tell me what is positive contributing towards a success conclusion of the growth agenda. Give me positives. One of the real positives last week when the president sat at his desk, senator tom cotton on one side, senator david perdue on the other side, came up with raise act, sensible immigration policy and discussion that needs to happen in both parties and both houses on capitol hill. I thought, wow, the white house is learning you have to work with the congress. You cant be fighting them every step of the way. You have to let them take the lead on some of these things. I thought that was very positive. I think what the president did yesterday that got totally overshadowed when he talked about expediting the permitting process in the federal government for infrastructure projects. This is something we worked on last fall in the transition, and its exactly the kind of thing that ought to happen in terms of getting the feds out of the way so we can get moving on that. There are positive things going on, but as you know, stuart, im washingtons congenital optimist. I always try to look on bright side. Stuart i will give you the other side. I dont think Senate Republicans forgotten insults which defeated them during the campaign, those insults delivered by then candidate donald trump. I think so tom see agree some hostility from the senate is personal. What say you . I am afraid i have to agree with you. You have to think when john mccain cast the decisive vote on health care, that he was probably thinking back at least, to some extent in his own mind to some of the very unflattering things that candidate trump said about him last year. And thats too bad. We have to rise above politics. We have to get back to policy. Stuart got it. We like the optimism, ed. Thanks very much for delivering it this morning. Ed fuelner, heritage foundation, thank you. How about this one. Apple will take on amazon prime and netflix. Reportedly planning to spend billion dollars on original programing content. Deirdre bolton joins us. Content wars. They are full on on. Billion dollars sound like a lot for original programing or to buy programing. Netflix compared to 6 billion, and 16 in commitments f you stack those up, netflix and amazon had a long lead, long head start. Apple has a lot time. It has a lot of money. Ashley oh, yes. Check out for netflix, i think netflix is the one in crosshairs, if you look at the stock past 12 months is up 76 . It has the most to fall. I dont want to say its a onetrick pony. Apple has tons of things, music, Everything Else going on. Netflix is onehit. Stuart doesnt it raise a speculation with apple with 261 billion in cash sitting around hanging out. Stuart it raises the speculation they have enough money and got intent maybe to buy a disney outright or netflix or both of them outright. They certainly could, all the weird circles, superstar producer shown today rhymes, did how to get away with murder and scandal. Left abc to go to networks. Cable, networks, hollywood should feel threatened. Casey affleck, manchester by the sea got an oscar. New media is here. Threeway race is on between netflix, amazon and apple. Stuart power concentrated in hands of five companies, apple, amazon, microsoft, alphabet and facebook. Can you imagine the power they have got . Almost a trillion dollars in cash, getting there. Theyre spreading into every conceivable industry. Now, apple is going into streaming. Big deal. A luxury position. Stuart by the way, welcome back. Great to see you. Welcome back. Missed you kid. Thanks very much. The result of the Runoff Election in alabama, senator Luther Strange will face former state Supreme Court Justice Roy Moore for the republican nomination for the senate in september. The winner will run against democrat doug jones. He is a former u. S. Attorney. Good friend of the show, nigel farage, the man behind brexit headed to hollywood, question mark . Played by actor kevin spacey, question mark . Nigel is in our 11 00 hour. 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 doesnt seem to matter what happens in washington, d. C. The Financial Markets appear immune. Last hour Shaw Ghailani of capital forecasts told us why. Roll tape. Hasnt been about politics, thank goodness since november. It began as Political Movement. Politics has fallen by the wayside. This market is driven by better earnings, by growth, domestically and globally. We have no way to go but up. Hub cups coming around the corner. Coming into the end of the summer. September, october, starts to be a little bit scary. Then we lean more into the political side of things. Now we have a great boost for earnings. Ashley where else would you put your money . All about getting yield and Something Better than the stock market . That is the question. Institutions have nowhere else to go. Pension funds have nowhere else to go. On this thin could work. But the super absorbent core turns liquid to gel. Snap so its out of sight. And out of mind. Always discreet. For bladder leaks. You had a group on one side that was bad and you had a group on the other side that was also very violent. Nobody wants to say that. But i will say it right now. You had a group, you had a group on the other side that came charging in without a permit and they are very, very violent. Stuart i think you know the story by now. President trump got a lot of criticism for the comments. Come in jesse lee peterson, not sure the full name, that man right there, runs a radio talk show. He is with us this morning. The whole world, jesse, lee, is coming down on donald trump. What say you . You know, i am so proud of this president , whenever i hear him speak it warm my heart to see him making America Great again. The thing i love about this president he is keeping his word. He made a promise during the campaign he would cut back on taxes, get rid of restrictions. He would bring jobs back. He will build a big beautiful wall around the borders. He gonna to deal with radical islamic terrorists and the democrats, they cant handle this. The liberal media, the democrats, and the ryno republicans had no plan. They had never met or intended to make America Great again. They were lying to us. And now they are being exposed. Thank god for President Donald Trump. He make me happy on the inside and outside. Stuart a lot of conservatives, i dont know about conservatives, a lot of republicans are walking away, putting distance between themselves and President Trump, that is what is going on here. Yes. Stuart hold on one second, jesse lee. I have this coming in, Senate Majority leader Mitch Mcconnell he released a statement on a rally planned for lexington kentucky. White supremacists, kkk, neonazis groups that brought violence to charlottesville are now planning a rallyin lexington. Jesse, that is Mitch Mcconnell coming up strongly against the hard right. It goes on, their messages much hate and bigotry are not welcome in kentucky. Should not be welcome anywhere in america. I take it youre with those comments, jesse lee . You know hatred should be rejected on both sides of the fence. On the left and on the right. Over the past eight years under barack obama, we had ant tiff fa. We had radical farleft evil organization, black lives matter who are worse than the kkk i didnt hear mitch, paul ryan denouncing them. Why is it so easy to denounce hatred on the right but not hatred on the left. Theyre both wrong. I was so proud of the president when he said that yesterday and saturday. Evil is evil, never mind the color of the person, whether it is male or female. Rinos have nod not courage or backbone to step up to black lives matter being afraid of being called racist. Stuart why do we have the extraordinary fuss, that is light word to use, this extraordinary turmoil after the president s comments about charlottesville . I mean, he did condemn evil, but he condemned evil on both sides. People is saying that is not the right way to go. What would you have like to seen President Trump say on the saturday when this event occurred . I thought he was right what he said. It was both sides were wrong. We would not accept violence from either side. He condemned black lives matter, antifa, kkk, skinheads and others. That is what he is supposed to be doing. You know, for so long, stuart, the left have been allowed to get away with being violent. It doesnt matter if they destroy property. Doesnt matter if they put Police Officers lives at risk, no one stands up to them. Media doesnt expose them. Democrats will not disagree with them. I remember during the president ial Campaign Black lives matter ran Hillary Clinton off stage one day, not condemning them, she supported them. We cant have violence on either side. Stuart we appreciate your point of view. Thank you for expressing it on the show today. Jesse lee peterson. Thank you, sir. Stuart fox news confirmed that hope hicks has been named as interim White House Communications director. Can she rein the president in . The head of the Republican National committee is in our next hour who will answer that question. Back in a second. The great beauty of owning a property is that you can create wealth through capital appreciation, and this has been denied to many south africans for generations. This is an opportunity to right that wrong. The idea was to bring capital into the Affordable Housing space in south africa, with a fund that offers families of modest income safe and good accommodation. Citi® got involved very early on, and showed an enormous commitment. And that gave other investors confidence. Citis really unique, because they bring deep understanding of whats happening in africa. I really believe we only live once, and so you need to take an idea that you have and go for it. You have the opportunity to say, ive been part of the creation of over 27,000 units of housing, and to replicate this across the entire african continent. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of fast food is being changed by faster networks. Data, applications, customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. Track your pack. Set a curfew, or two. Make dinnertime device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. Introducing xfinity xfi. Amazing speed, coverage and control. Change the way you wifi. Xfinity. The future of awesome. Im the one clocking in. When youre clocking out. Sensing your every move and automatically adjusting to help you stay effortlessly comfortable. There. I can even warm these to help you fall asleep faster. Does your bed do that . Oh. I dont actually talk. Though im smart enough to. Im the new sleep number 360 smart bed. Lets meet at a sleep number store. Stuart sure seems like everything is political these days. Case in point, the president S Manufacturing advisory council. Five ceos have now left the council in total over the last few months. Politics and antitrump feeling is at the heart of all these departures. This is not good. All right, that was yesterday are i was talking about ceos leaving the president S Manufacturing council, and you, our good viewers had a lot to say about it. First of all from andrea. These ceos are not hurting President Trump, they are hurting American Workers. Disgusting and very unpatriotic. Thomas says this, just a bunch spineless men who stand for nothing. Which means they will fall for anything. Strong stuff all around. Ash. Ashley could not agree more. Stuart really . Ashley cutting their noses off to spite their face because theyre making a stand under pressure im sure to try to look socially good while not defending the president. More importantly they have a seat at the table. They can make their points of view while at the table with the president face to space. What do they do . Walk away. So now theyre irrelevant. There back, they dont have a say what so Going Forward on manufacturing council. That is a stupid move. Stuart what do you say, liz . Liz i dont think they need to be on the manufacturing council. A white house source told the wall street journal the councils are not a active part of daytoday policy formulation. According to this source irrelevant with the wall street journal the president should not be making neonazis respectable. That is how it came across yesterday. That is political strychnine. The third rail for him. There is no up side for ceos to be on the councils if he is not delivering on his agenda, bidding broader coalition and base for his agenda. Stuart you agree with the ceos that left the council . Liz seems like they have more Risk Advisors around him than the president does around his own tweeting there. Is no upside for you to be on the council when he is making himself a lightning rod. Ashley he is still the president , you can have facetoface with the president , something in this day and age, regardless what you think of donald trump. Stuart we appear to have difference of opinion. Liz corporations have gotten things done in washington, d. C. , without sitting on windowdressing councils. Stuart youre determined to have the last word. Liz i did. Ashley window drilling, rubbish stuart very serious subject, were all over it. We will be back. Stuart good morning, california, oregon, washington, all our viewers in the west. You are waking up to the mother of all political firestorms, and youre also waking up to a market that just plows ahead. That chaos had immediate repercussions. More businesses came out against the trump presidency. Seven ceos, plus big labor have dropped off advisory councils. Politicians. Nancy pelosi, chuck schumer, paul ryan, orrin hatch. They line up or oppose the president. And the media has indulged another outpouring of contempt. In short, the president is isolating at a time when he needs support to pass his growth agenda. And yet one more time, despite it all, the markets stay strong. Politics and money seem to be divorced. You have to conclude that the economy is Strong Enough to support a dow jones average at 22,000. Even if we dont get a tax cut this year. Think what might happen to your 401 k if we did get 4 growth. Think what would happen to the Republican Party if it kept its promises. Meanwhile, investors, enjoy the ride. Politics hits a new low. The president is reviled and your money is doing just fine. The third hour of Varney Company is about to begin. Stuart whats that music . Our studio guest guessed it before i did. But there you go, everybody. And watch the market go. Up 83 points on the dow industrials. 22,032. Way less than 100 points from the alltime record high. All of that despite the extraordinary political turmoil that were now seeing in washington, d. C. And at trump tower yesterday. Joining us now, New York Times bestselling author of the book american mojo lost and found. Peter. Why dont the markets care about whats going on in politics . Well, if they dont care, its certainly a trial separation. You can look where this is exceptionally good. Look at japan, growing at a annual rate of 4 . They havent had 4 growth in years. Stuart so what. What have they got to do with us . Oh, they have tons to do with us. And if you look at whats the best performing stock in the dow this year. By far, its up more than facebook this year, more than google, more than netflix. Boeing. Boeing is the best performer accounted for 2. 5 of the growth in the dow in july. Why . Because theyre selling this planes everywhere. Italy had a great quarter economically, europe is looking great economically, emerging markets are looking good economically. As the World Markets grow, they want to fly, they want to transport goods, they come to boeing to get the best. We have a market lead position. We should be looking good. It helps us. We are the dominant suppliers from the very big expensive stuff in the world. Stuart forget politics. Your moneys doing object. Its doing just fine. Stuart forget that. Some businesses are walking away from President Trump after those comments yesterday about charlottesville. We have five ceos who have left the manufacturing council. There they are. That will be musk, frazier, plank, and paul. Three ceos left the strategy and policy forum. They are musk, frazier. He responded yesterday at the press conference. Some of the folks that will leave, theyre leaving out of embarrassment because they make their products outside, and ive been lecturing them, including the gentleman that youre referring to about you have to bring it back to this country. You cant do it necessarily in ireland and all of these other places. You have to bring this work back to this country. Thats what i want. I want manufacturing to be back into the United States so that American Workers can benefit. Stuart thats the president s answers to businesses walking away from his presidency. This lady is martha, host of the story on fox news. Ceos, some of them walking away. Some gop members walking away. The president needs the gop to do anything in congress. Whats the status here . Well, you know, i think what the president said is absolutely true in terms of the reasons theyre pulling away. Theres a social conscious factor that has crept into Corporate America that really didnt used to be there before. So theyre feeling that they need to make these political statements and twitter and social media and all of that have set into the reasoning behind those decisions on their part. How did you find everything that you were just discussing and the infrastructure. I mean, i was sitting at my computer last night writing at the top of our show and initially when the president came out yesterday, were putting in sound bytes about the flow structure of how difficult it is to get infrastructure happening, how he wants to decrease that. He stepped all over that message by, you know, sort of indulging, i would say, in this argument that is fighting because hes not happy with the response to his comments over charlottesville. So if he wants his agenda to move forward, if he doesnt want to give republicans and ceos reasons to take everyone in the country off message, he needs discipline. You can see general kelly whos new chief of staffer standing nearby during that announcement looking down because he wanted the president to walk out there, not take questions, stick to the agenda, and try to move the country forward and clearly thats not what happened yesterday. Stuart i still have peter right here. If he doesnt have the gop in lockstep with him, then he doesnt get his growth agenda, does he . Im afraid i have to agree with everything you said, martha. When you look at when Ronald Reagan imposed those tax changes, it was the sixth year of his presidency, and he had accomplished a lot already. He was laser focused. Donald trump, the president is creating distractions for himself. These are self inflicted wounds. Imagine had to give a presentation to the press after that press conference yesterday. She made her pitch for infrastructure. I agree that it was a phenomenal pitch if you look at several chapters of my book, all saying build our infrastructure. Thats the way you build back growth. It is a multiplier effect. He lost that message. Frankly in litigating what he said in the early part of the weekend when he got it right on monday. He didnt need to reopen the case. He had turned the attention to a fresh, new, important chapter. Thats the kind of discipline and focus i agree he needs that to carry the country forward. Stuart next case. The governments been counters, otherwise known as the cbo, they say that obamacares premiums will go up 20 next year if President Trump ends payments to insurers. Theres a threat because we have obamacare collapsing and unless the president bails out the Insurance Companies, it collapses even more, and the Republican Party gets the blame. Thats a difficult position, isnt it . I mean, the federal government has decided that theyre going to cover this cost of health care whether it comes in the form of backing up Insurance Companies, or giving subsidies to the people who have to buy that coverage themselves. And so now it becomes a cbo exercise in which side is the government going to give their money to . And which side will put us in a position where we have to doll out less. Okay . Then you have Bernie Sanders on the other side basically saying that he wants to head toward a single pair plan. He knows its going to take time because republicans are in control of congress right now. But thats his plan. The government is in the Health Care Business. Thats what we learned when his foot went down in the last round. And it did remind me about reading this morning. He said, look, this is not a market friendly alternative. Patching and band aiding obamacare as it is will only end up costing the government a lot more, and i think thats what were seeing here. Stuart you cant get 50 votes for rand pauls solution. You havent got the votes for it. Because everybody has signed on. The benefit is baked in the cake. It is not going anywhere without, you know, some sort of revolutionary change that we obviously arent going to get based on that last vote. Stuart theres no way you get obamacare reform without the president putting money into the Insurance Companies to keep premiums down. Is that accurate . Pay me now or pay me later. Is getting much more efficient to pay the Insurance Companies than going widely with subsidies the way theyre talking about. This bus has less. The moneys going to be spent, and were going to have to pony up and anybody who thinks were not in the Health Care Business has been missing the last four or five years. Stuart martha, senator sanders is going to introduce a single pair system. Medicare for all, i think hes calling it. How popular do you think that is in this day and age . I mean, i think the countrys very divided on this, but i think it will be extremely popular with a lot of people. Stuart i never thought i would see this come. But weve been inching toward it forever, you know . Over the course of the last decade, at least. And certainly with the on set of obamacare. So hes saying, look, this is a disaster. So if the government is going to pay for it anyway, why not do it through the medicare plan . Bernie sanders is going to tap into something thats going to be very popular, i would imagine, with, you know, somewhere near 49, 48, 50 of the country. Stuart i dont know how you deal with it. You have gone there at 7 00 at night, all of this stuff is happening, and you have to make it clear whats going on. You did very well, by the way. Thank you, stuart,. Stuart 7 00 on the fox news channel. Good stuff. All right. Peter, youre with us for the hour; is that correct. Im happy to stay. Stuart weve got a lot of stuff, so listen to this. Square, their founder, one of them Dennis Crowley is on this program, and hes going to talk about soccer. He wants the u. S. To follow fifa rules, the rules that everyone else plays by. He wants us to follow suit. That gentleman is on this program shortly. And the man behind brexit nige nigel farage, hes on the show too. There are rumors that he might be, though, hollywood. Ill ask him about that. And rnc chair, she is in the thick of it in washington, and she is next dont let dust and allergens get between you and lifes beautiful moments. Switch to flonase allergy relief. Flonase outperforms the 1 nondrowsy allergy pill. When we breathe in allergens, our bodies react by overproducing 6 key inflammatory substances that cause our symptoms. Flonase helps block 6. Most allergy pills only block one and 6 is greater than 1. With more complete relief you can enjoy every beautiful moment to the fullest. Flonase. 6 is greater than 1 changes everything. Stuart some republicans, some condemning President Trumps comments on charlottesville. With us now, Republican National committee chair. You have a tough job. I have a great job. Stuart youve got a tough job. Being a mom is a tough job. Stuart i got that. The Republican Party, some in the Republican Party, especially in the senate are walking away from President Trump. If we want to get the growth agenda done, youve got to fix the divide. Can you do it . Yeah. We cant walk away from our president. Stuart well, they are at the moment. Theyre going to come back. They recognize, look, the economys humming. Youre at a 16year low. Stuart those comments yesterday created a political firestorm not leased within the Republican Party, and you think theyre just going to forget and come on back home . The president condemned white supremacy, kkk, neonazis. He did. He condemned them. He said we need to unite and come together. It is going to take bipartisan. Thats the first step. Its going to take a lot more than that. Its going to take more than a twominute conversation. Its going to take a robust across the party lines. But when it comes to the economy, the things thats going to push peoples lives, jobs, wages, those are the things that we have to come around. Its going to take the president , the senate, and the house. Stuart there are many republicans in congress who are walking away from the president because they think hes toxic. They dont want to be associated with him in the elections next year. And theres not much you can do about that. Well, were really early in the cycle. I mean, were six months in. A lot is going to change from now and two years from now. Stuart hold on. It is the middle of august. Yeah. Stuart you have until late september to get a budget and a debt ceiling and introduce tax reform. Well, theyre focused on tax reform. Theyre going to do. Stuart i know theyre focused on it. Listen, stuart, we know we have to get stuff done. We know our voters are going to hold us accountable. Theyre watching. They want to make sure its going to take all hands on deck. The president , the senate, and the house. If they walk away from the president , and they dont get things done, then were going to lose majority, and then youre going to be talking about democrats in charge. Stuart do you think that someone needs to reign in President Trump, especially on his twitter account and especially the things that he says in public . Should somebody reign him in . The president s never going to stop using twitter. Its just not going to happen. Its not even worth the conversation because its never going to happen. Stuart hope hicks is going to be the interim Communications Director at the white house. Can she reign him in . She has been with him the whole campaign. Stuart is she going to reign him in . Theres no reigning him in. Hes always going to use twitter. Stuart then she has a very tough job because youre the Republican Party splitting off because of things he says in tweets and statements. He uses twitter to take the message directly to them. And were seeing that with the rnc, with the low donor donations coming in. Highest ever in history. I see as they travel the country, they Want Congress to work with him, they want to see the agenda get done, they want to see tax reform repeal and replace of obamacare and infrastructure. Stuart give me the one thing which you will absolutely guarantee that the Republican Party and the president will come together on. The one thing this year you will guarantee. What is it . That is a tough one. I think theyre going to get tax reform done. They have to. They have to get tax reform done they complained on it. We have to run on some of the accomplishments. Stuart every single viewer, all of them out there are cheering you on because if you can get tax reform this year, youve got a market that goes higher. If we get our economy humming, if we get People Better jobs and better wages, were going to be good in the midterm, and thats what our party has to do. We have to lift the economy. Stuart i know you have a tough job, and i put you on the spot. You do. Thats okay. I love coming here. Stuart thank you very much for coming here. Youll come again . Always. Thanks for having me. Stuart all right. Now, this. Did you know the United States is only one of two countries that does not follow fifa rules for soccer . Thats the International Rules that everybody else plays by. Cofounder Dennis Crowley, the four square cofounder, by the way, he says thats why soccer lacks in the United States at a compared to the rest of the world. You have an argument with that one. Hes on the show along with his startup soccer team. The kingston stockade. And nigel farage is with us. Hes one of Donald Trumps early supporters. As of the Market Holding onto a gain. Well be back [vo] progress is seizing the moment. Your summer moment awaits you now that the summer of audi sales event is here. Audi will cover your first months lease payment on select models during the summer of audi sales event. The dinosaurs extinction. Got you outnumbered. Dont listen to them. Not appropriate. Now im mashing these potatoes with my stick of butter. Why dont you sit over here. Find your awesome with the Xfinity Stream app. Included with xfinity tv. More to stream to every screen. Stuart it is now official actor daniel will return as james bond. He confirmed the news last night on the late show with stephen colbert. In 2015, he said he would rather kill himself than do another bond movie. Some reports say he changed his mind after being offered 150 million. The next installment is due in november, 2019. A mystery man bought this. An 83,000acre colorado ranch. Bought it for 105 million. 80 of the land is forest. Thousands of dear, elk, all over the place. Owns the worlds tallest privatelily owned mountain. The buyer has not been named but says he wants to conserve the land. Tombs in egypt dating back 2,000 years. The tombs contain a collection that would be stone coffins. Plus, the number of burial halls made for a child. Researchers say the tombs were likely part of a cemetery for large city. Individual stocks, weve got them for you. They are moving, especially target. Look at this. Its up 3 . Better foot track in the stores and much better online performance. Up goes target. Same story with Urban Outfitters, although the game there is huge. 17 runup for Urban Outfitters. Cisco reports their profits otherwise after the bell today. Theyre just fractionally higher at this point. Same story with l brands. Thats the Parent Company of pink bath and body works. And victoria secret. Pretty much flat as we speak. President trump talking infrastructure yesterday, holding up the flow chart there. It shows all the red tape contractors have to cut through before you could even get a shovel in the ground. Were covering that story for you in a moment. And this more than a dozen Big Tech Companies calling on the Supreme Court to make it harder forgetful to get their hands on peoples cell phone records. I suspect that the judge will approve of that. Well see what he has to say in a moment. Well be back. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of fast food is being changed by faster networks. Data, applications, customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. Stuart yeah, give me some rock music to get things going here. Its ozzie osborne, of course. I knew that, producer. Its 11 28 eastern time. Plenty of green lefthand side. Were up 57 points on the dow industrials. Now this. President trump talking Infrastructure Holding up a flow chart showing all the red tape that contractors have to try to cut that you. Our next guest works on the new york state transportation committee. He is assemblyman chad welcome to the show. Good morning. Thank you for having me. Stuart youre republican. Yes. Stuart red tape is the worst in the world in new york state, isnt it . Yes. Its something were going to battle to look at all regulations and see how we can streamline, to see if we could put big projects on track. Stuart do you think the president can do this . He wants to cut the approval time, the permitting time, which currently takes many years. Sometimes six, seven, eight years. He wants to cut it to two years. Do you think you can do that . Well, inning its going to be a main priority. He wants stuart no, that wasnt the question. Can he do it . I believe he can, yes. Stuart many have tried. Yes. And i think thats going to be something. It might be by looking at some regulations, maybe fast tracking, maybe hiring more employees to look at the approval process. Stuart its the Environmental Agency rules that hes going after. But a lot of the delay is caused by state and city approvals and permits. Correct. Stuart why havent you done anything about that . Well, at the federal level, they put in certain guidelines and then looking at certain states, sometimes they have moreregulations, depending on what the local is thinking and everything. So in a place like long island, new york where weve had devastation from sandy and other storms, our regulation is going to be different. But a lot of times its not looking at regulations, its amount of time of approval process. And a lot of times this process is going to change. So thats going to be hiring more employees to look at permits and such. Stuart you really think were going to do this in new york state . I believe i mean, the governor has been making this a focal point. Stuart Governor Cuomo . Yes. Stuart he wants to get rid of sir, with all due respect, are you kidding me . Governor cuomo, democrat new york state, he wants to get rid of red tape . He doesnt like rules and regulations . Are you kidding me . But hes into infrastructure and building things. And whether you look at the bridge or la guardia airport, thats definitely something we want to focus on is making sure we can build some of these projects. Stuart yes, we definitely want to focus on, but i want to know if you can do it. Yes. Thats something were orchids. Stuart why arent you pounding the table . We are. Get rid of them and making sure that stuart new york state has been in decline for a very long time. Yes. Stuart texas, florida, california, arizona, thats where everybodys going because of the rules. And something we want to continue doing is putting back workers, building up those projects, working on la guardia airport, the bridge is in final stages. Stuart ill give you that. I know the bridge youve successfully built another one. Yes. Stuart congratulations, chad. Thats a success. Well talk that one up. But if you look at this, if you look at the crumbling infrastructure across the country, definitely affects it with new york city, youve seen it with the railways and the tunnels. Stuart i want to see some fire. But thats something were definitely going to do. Stuart that man sitting next to you, his name is peter he was a park partner at goldman sachs. Do you think the president can do it . I dont think the president can do it alone. One of the things that is not happening is people can identify the problem. They can know theres a snake in the road. But they set a committee and a Blue Ribbon Panel to get rid of the snake. Stuart are you kidding me . We need another new the only way were going to get this done. Liz no. Youre both not right. Im telling you the only way to get this done is look at busy and government. If you look at texas, they created the greater houston partnership. They decided on the state level theyre going to make texas the easiest state in the country to open up a business. Thats texas. Theres nothing they can do in texas that we cant do up in albany, new york thats my hometown. Stuart oh, please. Last word to our good friend chad. And thats something we also work on is all levels of government cooperating. Liz we have not had a new airport since 1995. That 95yearold bridge, the ambassador bridge that connects detroit to canada. Thats the number one export line. Stuart crumbling. Theyll take you to court and when they lose in court, theyll appeal, and theyll appeal and appeal and appeal. Liz the president is talking about infrastructure; right . Theres gridlock in dc, gridlock in the media about policy discussions, and literal gridlock going on across the country. Americans are done with it. Stuart one last point. To my right, not politically but to my right geographically is judge napolitano who is steamed and wants to get into the debate. Why are you so brutal on him. Stuart why . Yeah. Hes coming here preaching your recipe. Its your own personal bitterness. Ill tell you what i think the problem is. Too much discretion. And the government needs to narrow that discretion. President trump has tried to do that with executive orders. Governor cuomo needs to do the same. Stuart ill tell you what. Ive got some property in new york state. Ive got a tree farm, a commercial tree farm. We are absolutely sick and tired of new york city people and long island suburbites coming up to my stretch of the woods and telling me how to manage my land. Uhhuh. Stuart you got that . Yes. Definitely. Has the right to exclude. They need a warrant to come on your land. Stuart they do not. Yes. Stuart no, they do not. The constitution doesnt apply in columbia county, new york . Stuart i had an inspection by a bureaucrat four weeks ago. And you allowed him on the land. Stuart you know what he said . If you want to make any changes, i have to go through me. Obviously, the president and the governor is going to put in certain regulations. A free adversement for the varney tree farm. Ill be sure to get up there. Stuart all right. We were nasty to you, but you held your end up. Thank you very much. Pleasure to be here . Stuart yes, sir. You did not mean that, did you . Stuart back to charlottesville. President trump raising new questions about tearing down monuments to historic figures. Listen to this. Roll that tape. George washington was a slave owner. Was George Washington a slave owner . So will George Washington now lose his status . Are you going to take down excuse me are we going to take down are we going to take down statues to George Washington . How about Thomas Jefferson . What do you think about Thomas Jefferson . He was a major slave owner. Now, are we going to take down his statue . So you know what . Its fine. Stuart all right, judge, what do you think about this . Destroying literally destroying physical elements about history. Okay. Theres a couple of issues here. The concept of erasing history is very dangerous. The concept of pretending that an ugly, dark past did not happen because the memory is painful is wrong. The memory should be painful so that we are deterred from ever repeating that behavior again. Your fellow country men George Orwell in 1984. Everything is destroyed or falsified. Every book rewritten, every picture is repainted, every statue and Street Building is renamed, every data has been altered and the process is continuing day by day and minute by minute. History has stopped. Nothing exists, except an endless president in which the party is always right. It is the earmark of totalitarians to try to erase history to justify their presence. Now, should the police look the other way when these monuments are torn down . Thats the government should protect its own assets. The government owns the park, the government owns the statue, the government shouldnt allow it to be destroyed. Should governments allowed them to be taken down . Memories of bad history serve as warnings for the future. Stuart but its a local decision decided on by local people about what statue they want or dont want. Not by thugs in the street. For kennedy last night where one of our colleagues was very charming, intelligent young person said i hate these statues so much, ill rip them down myself. Thats called a felony. Stuart yes, it is. And you had a go at that. Absolutely. Stuart specifically, this one is for you. It was at 6 00 this morning that orwell came to me. Stuart im glad to hear it. This one is for you. Top Tech Companies apple, facebook, twitter, snap, google. Theyre all asking the Supreme Court to make it harder, harder for government officials to access your cell phone data. This is very, very important because there are two huge cases in early october. You know one of them. Called hawaii versus trump. This is the other one called michigan against carpenter; right . Cops arrested four low level drugs. One of them said do you want the dirt on the guy who sells this stuff to me . Heres his cell phone number. From the cell phone number, they got the ip number. From the ip number, they were able to pinpoint every place the person was with the cell phone. 12,900 pinpoints. From that, they were able to determine exactly where he was and the area where he had been selling the drugs. They told to the jury he was convicted. Isnt that a search of the contents of the cell phone . Heres whats interesting about this. Groups on the left, groups on the right. Conservative groups, libertarian groups, progressive groups, democratic groups all across the board have come together to say to the Supreme Court enough is enough. If they want to do this, they have to get a search warrant. If they can do this on their own, then there is no privacy left in the country. Stuart you know, for once, i am with you. Im with you on this one. Absolutely. Surprise, surprise. Maybe sitting next to me a little bit is rubbing off. Stuart be careful, judge. No. No. No. Never turn me into a London School of economics socialist. Instead, im an antimasculinity princeton. Do you remember that nonsense . Stuart i do. And were going to bring it up again tomorrow. Before we go, peter, we always talk to you about strictly financial things, talk to me about this attempt to make it more difficult for anybody to get at your phone records. You in favor or not . Im in favor. I basically think theres rules of the road, and the rules of the road made more complicated because now you can be tracked at any moment of time. And and i think you have to govern that carefully, and i think thats what this law is about. Stuart all right. I have two money headlines. Here we go. Number one. The federal government collecting a record amount of money in taxes from october 2016 through july this year. 1. 3trillion came in from individual income taxes. 976billion from Social Security and payroll taxes. Record high. The new york fed reports that Household Debt hit a record in the second quarter. 12. 8trillion. Up 552 billion from a year ago. Driven up by mortgages, car loans, and credit cards. Big numbers. We all know the most popular sport in the world. It is soccer or futball as some people call it. Coming up, the man whos trying to bring european rules to United States soccer. What . Stuart yes. Hes on the show. But first, this man. On your screen right now. That man behind brexit, nigel farage, were talking to him. Everything from hollywood to politics in just a moment. Smile, nigel. Adults are just kids with much, much better toys. The cclass sedan, coupe and cabriolet. The thrills keep getting better. Lease the c300 sedan for 399 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. Im Nicole Petallides with your fox business brief. We are seeing the Dow Jones Industrial average higher for a fourth day in a low and right here at these levels at 22,068, that would be a record close, so watch for that. Watch Fiat Chrysler today, on the news of Fiat Chrysler joined bmw selfdriving car alliance. Bmw has been working closely with intel to get those Autonomous Vehicles on the road. Theyve been competing Google Alphabet also gm, ford, bmw all working to get those Driverless Cars on the road by 2020. Much of this is happening because ridehailing services in the global taxi market about 33 of the market are continuing to grow. Younger people not able to buy cars, not interested in buying cars. Well, it turns out this is going to be a 285 billion market in the years ahead Liberty Mutual stood with me when this guy got a flat tire in the middle of the night. Hold on dad. Liberty did what . Yeah, Liberty Mutual 24hour roadside assistance helped him to fix his flat so he could get home safely. My dad says our insurance doesnt have that. Dont worry i know what a lug wrench is, dad. Is this a lug wrench . Maybe . You can leave worry behind when liberty stands with you™. Liberty stands with you™. Liberty mutual insurance. Stuart hollywood is working on a sixpart series about brexit. Kevin spacey could play the role of our next guest. Nigel farage. The man behind brexit. What do you think of this, nigel . Hollywoods not going to give you a nice time. Theyre going to be horrible to you. Are you comfortable with hollywood portraying you . He cant hear. Awe he cant hear. Can we open can we get can we restore an audio connection with our esteemed guest nigel farage . Have we got him yet . Nigel, can you hear me yet . Not yet. Our techies ill tell you whats going on in the market. In the meantime, look at this. The dow industrials up. To the benefit of our radio listeners, ill spin this out a little bit more. Were up 72 points now. Have we got the audio from mr. Brexit . Not yet. Keep going. Okay. Show me some of the big name tech stocks, why dont you . Ill go with that. The dows up 71, the s p is up 8, the nasdaq is up another 30 points. Ashley theyre trying to fix the string. Stuart have we got nigel back with us . No, we do not. Liz this is a record stretch. Stuart you want to fill in for the expert nigel farage . Yes, i do. I actually think this is a great time to invest and people should be looking for any pull back here. When korea comes up, that stability is not going to last, its going to pull back. Dont be shy. Liz by the way, speaking of brexit oh, sorry. Stuart wait a second. Youre saying look, if the market does pull back, you would be jumping in there and buying . When everyone is selling, particularly with this kind of market and the Global Impact ive talked about growth, this is when you look. This is when you can make some money. I was encouraging people last week when everyone was freaking out about thats correct wab theyre going to freak out again. Kim jongun doesnt lake the record. Stuart i would like to confirm that nigel farage can now hear every word that i say. Is that accurate, nigel farage . It is. Stuart yes, good morning. I cant believe that youre letting hollywood do a sixpart series about you. Theyre going to be nasty to you. Big time. Well, i cant stop them if i want to, can you . Yeah, look, i suppose if you take a step back and think about it, its quite a story, isnt there . This bloke that used to work in the city of London Trading commodities, and he had an idea. He thought the whole political establishment in britain had got it wrong, so he launched a campaign to try to turn the country around by 180 degrees. For 25 years, they all said he was mad. And you know what . In the end, he won. So i guess thats the story. Stuart no. No. Not the story. What hollywood is going to say is that you are responsible for getting trump elected. They will blame you. You know thats going to happen. Oh, of course. I mean, what they will say is that brexit began the revolution that led directly to trump. You know what . If they were to say that, i would be only too pleased because what however much the liberal media may hate trump, the democrats may hate trump and some of the rather snobby members of his own party may hate trump, actually hes a breath of fresh air in politics in my view. Stuart okay. Ive got to talk brexit because it seems like its very, very slow going. Its way more than a year since the brits voted to leave. Whats going on . Why is this big slow down . Well, weve had this week two positioning papers come out from the government. And i have to say ill sum it up. It is delay, a lack of decisive leadership, and seeing our standing as a nation diminish in the world. We waited nine months before they triggered article 50. We were told but its okay. Because at the end of this twoyear period, it will all be sorted, and well be out. And what weve heard this week is that we will stay post brexit inside some form of Customs Union with the European Union for at least a further two years. And what that means is that we wont be able to in fact free trade deals with other parts of the world. America, of course, being top of my list. So im genuinely upset of the British Government messing around like this. Stuart thats a disaster because thats a step back from brexit. Thats what it is. Yes. Its a step back from brexit, but it also sends a message to the usa, japan, australia, canada. All of those countries lining up saying lets get close to trade relationships and effectively what were seeing is none of this can come into play until at least 2022 or 2023, so why should those countries take us seriously . Stuart you better get back in a politics there, nigel and forget about hollywood. Come back and see us soon. Im sorry we couldnt get the audio right, but well fix that next time. And thats a promise. Nigel farage. Thank you, sir. Thank you. Stuart next, the chairman and owner of the kingston stockade football club. It also happens to be the cofounder and executive chair of four square. Dennis crowley, hes the man trying to bring european soccer rules here to america. Hes on the show. Track your pack. Set a curfew, or two. Make dinnertime device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. Introducing xfinity xfi. Amazing speed, coverage and control. Change the way you wifi. Xfinity. The future of awesome. 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 wait for it, our next guest wants to bring these european soccer rules to the United States. Hes the chair and owner of the kingston football club. Also the cofounder and executive chair of four square. A very large private company. His name is Dennis Crowley. Hes with us now. Thanks for having me. Stuart now, lets get this straight. You dont want to bring european rules of how you play the game on the field. You want to bring the idea of leagues and moving up and down different leagues. Yeah. The game stays exactly on the field. This is how they can move up through different leagues as they do in other countries around the world. Stuart and right now your kingston stockade is in the Fourth Division and theres no movement up to the third or second or first, but thats what you want. Yeah. Not just what i want. Thats what a lot of folks, a lot of fans in the u. S. Want that. A lot of folks that are behind a lot of these lower level teams. One of the questions i get asked all the time is, you know, we won our conference this year. What if we win the entire league next year. Then what . We never have the opportunity to move up because those systems dont exist yet. Stuart so thats all you want. Its not like you want to have the goals made bigger or something. No. We dont want to change the rules of the game. That would be a disaster. Stuart well, you had us worried for a while. In terms of the way that the game is structured here in the u. S. From the perspective of different leagues, we want that to look like the way the game is structured, you know, throughout the rest of the world. Stuart youre a wealthy guy. What on earth are you putting money into soccer. We love the sport. Stuart is it an investment or just love of the sport . Well, its a little bit of both. Really, we did this as we want to build something great for the community in kingston, and lets do it with something we love, which is soccer. We didnt realize 1400 people would come out to the matches. Now were starting to think stuart wait, you get 140,000 1400. 14,000 is a whole different story. But could it be 14,000 a couple of years from now. It sounds crazy, but so does starting a team from scratch; right . Stuart yeah, thats true. Now, four square is totally private, youre a cofounder, so you get a chunk of it. Would you take 100 million to sell your company to facebook, for example . Well, four square is well never disclose any of this stuff. But four square right now is on a tear. Were doing fantastic well. The company just hit 12 billion checkins today and we can do fantastic things for markets and brands. Stuart so dancing around 100 million, would you take a billion . We would not obtain this offers at the time. Stuart we would have conversations with people. But after building the company for eight years, were in such a amazing strategic position right now that we want to see what the future holds for us. Stuart mr. Crowley, youre very good. Youre a diplomat. Are we going to have you come up to see a kingston match one of the days . Stuart thats not out of the question, the same way you answered my question. Its under discussion. Mr. Crowley, thank you very much for joining us. Thank you for having me on. Appreciate it. Stuart good stuff. Well get you in a second. More varney after this get between you and lifes beautiful moments. Switch to flonase allergy relief. Flonase outperforms the 1 nondrowsy allergy pill. When we breathe in allergens, our bodies react by overproducing 6 key inflammatory substances that cause our symptoms. Flonase helps block 6. Most allergy pills only block one and 6 is greater than 1. With more complete relief you can enjoy every beautiful moment to the fullest. Flonase. 6 is greater than 1 changes everything. And twitter, with just a few clicks. Build a better website in under an hour with. Gocentral from godaddy. Free to try. No credit card required. Gocentral from godaddy. Stuart very brief time left available to us we pose this question. Who should play nigel farage in the forthcoming sixpart series, produced by hollywood . Liz i know. Michael moore. Michael moore. How about Arnold Schwarzenegger . Blasting his way through the politics of britain to bring victory . Stuart this is not very good. You got anything better than that . Neil cavuto. Stuart yes it should. Stuart varney. Stuart i will play james bond for 150 million like that gentleman. Were officially out of time. Maria it is yours. Welcome to cavuto coast to coast, im Maria Bartiromo in for neil cavuto. President trump facing fallout for going off script again. Is all this reaction a distraction to the economic again today. We go off to the right off the bat eric mcpike, former Trump Transition Team member and cincinnati mayor ken blackwell. What are your thoughts. All of this noise and upset around the president s this once again getting in the way of the agenda . Absolutely