worth of wine a year. record after record in till no pullback for stocks. in fact, the dow may move up a little when trading begins today. all the indicators at or near record highs. investors ignoring politics, focusing instead on the growing economy and growing corporate profits. dfm process, money talks on espn jemele hill told her fans to boycott advertisers, corporate disney. she suspended two weeks. call the president a white supremacist and nothing happens. if you go after ad revenue and she did, you've got trouble. joe namath coming up on that story next. the three-hour shifts ahead. "varney & company" about to begin. ♪ tree and to write to this big in developing story. dudley fires in california wine country. look at that. hillary von on the phone with us from napa with the impact on the wine industry. tell us please, hillary. >> stuart, california's wildfires have cost the state an estimated $2 billion with the expensive wildfire season on record. this fire ripped through california's valuable wine country. it had hundreds of vineyard, 10 people we know have lost their life. 1500 buildings have been damaged, but the damage to buildings and homes is not the biggest price tag for california. the smoke and fire hitting the vineyard in napa and sonoma county is putting wineries in jeopardy. this is right in the middle with a lot of wineries are replacing just a single acre with as much as $25,000 to several homes in the area. we will keep you updated with the latest. >> hillary coming thank you indeed. let's get to politics. a group led by newt gingrich taking out an ad in the hill, the newspaper, to cause tax cuts now. one of the people, charlie kirkwood turning point u.s.a. tax cuts. you are for, but forget tax reform. >> i'm for reform but keep it simple. it's read by members of congress, so i hope we get tax reform. stuart: you don't think we're going to get it? >> i'm not optimistic here they don't work hard enough to bring people together. they take the whole month of august because they need a break after not doing anything. trade to you in the other signatories, all you want is just cut tax rates in the tax cuts will pay for themselves in future growth. >> we would be satisfied with tax cuts somewhat. with that tax reform like what ted cruz is talking about able to fill your taxes on a card. i want to be correlated with spending cuts. i don't think we should add another deficit. i hope i'm wrong, but you know look, i will take tax cuts if it is coupled with reasonable reform, but also spending cuts. you and i both know we are dealing with mitch mcconnell and paul ran that have not been able to even get the most common than steel and health care. tree into i don't think the republican party can come up with 50 votes in the senate for cutting taxes or tax reform are putting everything onto a single postcard. the vote think they are. >> encompasses tax record, it's difficult to disagree. the democrats opposition to even the most incremental tax cuts shows they would rather see this country go through difficult times than seek him succeed. how could you possibly be against repatriation. it's almost guaranteed economic growth, guaranteed economic progress that they are opposing every single turn. i hope the republican party for the sake of the political future. trade to thank you indeed. i've got this for you. fashion designer donna karan appeared to defend harvey weinstein. he's a movie mogul accused of decades of sexually abusing women. he questioned whether women who displayed themselves a certain way are asking for it. liz is now walking back. liz: she made those comments last night. she said we as women need to look at ourselves and question how we present ourselves. she's now walking lachrymose comment dating the statement she gave the reporter were taken out of context and do not represent how i feel about harvey weinstein. sexual harassment is not acceptable. rose mcgowan is very upset, the actress. she is boycotting donna karan. donna karan has made a lot of money selling clothing and other lingerie and other outfits for women. so now she's in the active in the heat of the moment right now. she's basically trying to defend yourselves. stuart: that story is not over. now consider this. judge napolitano. i'm asking about hillary clinton and bill clinton. she's a champion of women. she took a lot of money from harvey wines gain. where is she? is she handing the money back? >> no. if she is, she's not announcing she's handing it back. and mr. weinstein's home in new york city she received a check for $125 million. he was a bit more meaning he put together high-end donations because he had maxed out his wealthy friends during her campaign. look, some people will say there's a good side to him in a bad side and the democrats are not in that category. if you engage in this kind of workplace harassment you are pure evil and we should have nothing to do with you, that they are not saying that with harvey weinstein because he is giving them too much money. they probably don't have it to give back to him. stuart: in a similar note, sidebar question. of all the money accumulated in the clinton foundation, did any of it go to the victims of harvey, burma or puerto rico. >> and decoded the website the website of the clinton foundation, the answer is no, the bill participate with president obama, president carter in the ex-presidents find. the clinton foundation has assets into the billions. stuart: yes, billions of dollars. none of the went to harvey, irma or puerto rico. i find that astonishing. stuart: her has been blasted her awful book. she tried to talk her out of the topic. he tried to talk her out of the name. call it what happened in your admitting something went wrong. stuart: substantially than the legal interests. do the players has the unqualified constitutional right to jail sec had not sure? >> i can't answer it yes or no because the constitution only protects freedom of expression from the government. it does not protect you from your employer. your employer is regulated by the state in which the employment occurs. some states, new york, new jersey, california protect employees expressive conduct in the workplace as long as it doesn't interfere with the work product. other states like texas, as jerry jones has been out front on this, do not afford that protection unless the workplace is on by the government. question, who owns the dirt underneath cowboy stadium? who owns giants stadium, now metlife stadium? the government. therefore, freedom of expression is protect them interferes with the product. waiting for the team. stuart: you are saying you could argue legally they can suffer consequences of their free-speech action? >> and farmers could demonstrate to an arbitrator in the agreement players union is taking a materially interfered with the work product, which is winning games. i don't know that they could make that showing that under the law they be given the opportunity to try. stuart: joe namath will pass judgment in a moment. >> a boyhood hero of mine. stuart: i know him very well. i was a waiter in a certain mistake many years ago. >> you a waiter, how times have changed. liz: funny. stuart: we look at this? opening to the tune of 50 points to close at 22,761. that is very close. we will open up maybe 50 points. looking like we are headed towards the record territory all over again. can't wait. 20 minutes from now. general elect are taking it on their chin lightly. big management change up in their decline of business. the stock is down 20% this calendar year. bouncing back a mere 12 cents premarket. that sounds at $23 a share. biggest loser in the dow in 2017. stuart: that 98 levels. stuart: up 40 until the crash. now it's around 23. there was a time when everybody owned a piece of ge. the winners always performed you. transfer they are not bringing good things to life. that's my one-liner. >> prognosis for the most important product. who is the admin for that? >> ronald reagan. before he was governor. stuart: i remember that. keep going. reminiscing. dunkin donuts of all places having read of two dozen flavors come in doughnut flavor is gone. simplifying the menu. they are dropping the word doughnut from some of the stories. they want to be a coffee company. democrat congressman luis gutierrez blasted the policy and called it part of the white supremacist agenda. the top by a pious, immigration and customs enforcement is going to respond to that one later in this program. you haven't seen this in a football game in a while. every single player stood for the national anthem last night vikings bears team. look who's talking into the studio. legendary nfl quarterback, he's coming. joe namath. here he is. good man, how are you? we will be back. ♪ i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. it works 24/7, and you don't have to see or handle a needle. trulicity is a once-weekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. do not take trulicity if you have a personal or family history of medullary thyroid cancer, if you have multiple endocrine neoplasia syndrome type 2, or if you're allergic to trulicity. stop trulicity and call your doctor right away if you have a lump or swelling in your neck, severe stomach pain, or symptoms like itching, rash, or trouble breathing. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. some side effects can lead to dehydration, which may worsen kidney problems. i choose once-weekly trulicity to activate my within. if you need help lowering your a1c and blood sugar, activate your within. ask your doctor about once-weekly trulicity. stuart: i want more in the nfl in an protest with a very special guest joining us now, nfl hall of famer joe namath. and not to have you on the show commissary. jerry jones, owner of the cowboy says you don't stand, you don't play. do you agree with that rule? >> well, i agree we should respect our flag and our country certainly, but i think we've lost sight of what the initial protest was about in the impression of the race, the black race. the thing is should, would a, coda it should've been handled early on. in the workplace, and the people that run the business have the right to say don't do that in here. again, somebody comes to work in here right now protesting about something, do it on your own time. millions upon millions upon millions of people pay more attention or take attention to the disrespect of the flag in the country. there are people who aren't aware of the impression unless you've walked in the black man shoes, you may not feel bad. stuart: how do we get out of this? is is to be getting worse and worse although everybody stood last night on monday night football. espn which is enhanced in, getting worse. how do we get out of it? >> a continuing to improve the treatment of people generally come a respect for one another, love for one another and the unjust treatment was seen in the past in some cases need to be correct it. >> can't snap your fingers. how do we get these protesters stop? >> stop the hatred, the anger. the ownership has the right to tell the players, don't do it in here. respect the players. stuart: you are in favor of the jerry jones ruled. you don't stand, you don't play. >> as mr. jones' role in i believe the work place, and the football players, sportsmen, ownership, coaches, lou holtz, the great notre dame coach expressed it clearly you can go ahead and protest every issue you think is worthy of it. but not in here. we have a focus here we have to do this together. we have to focus on something. don't take this locker room, don't take this stage we are performing on and use it for something that is outside. stuart: if someone has outside the world of football, born and raised in england in the world of soccer, i simply want to turn on espn and watch the game. i don't wantnk i speak for 90% f football fans, don't i.? >> i hear you. again, whenever you recognize the videos that have been shown us some unjust treatment to a specific race that we have seen, you want to step up their and not walking in the shoes again, okay that have been. excuse me, let get it to stop happening. stuart: you've got a charity. you are trying to do something about this concussion problem that is obvious and football and you've got a benefit for the nero center today. you've got to tell me what's going on. >> did neurological research center deals with dramatic brain injuries. it's not just football. kids fall off bikes. ladies, men deadheading cars and how dramatic ring injuries and there's no recognize treatment for these injuries. we are doing a study of two satisfied 100 studies and how we do in fact help people with germanic ring injuries. i went through the process. my scans showed what was wrong initially in 2012, 23rd team. the brain was just working beautifully, blood flow everywhere. in this market have another scan in the brain looked better than it did back in 2012. it works and we are trying to help people with germanic ring injuries. stuart: you are a tipper and a good man. the truth actually. [laughter] i served in the same boozer with a double steak and you've got a single. as i recall, everyone was watching you eat it. joe namath coming thank you for being on the show. much obliged. look at this. mark zuckerberg showing off facebook's virtual reality platform by taking a virtual tour of the devastation of puerto rico. taking a lot of heat for not coming you can understand why. more "varney" after this. 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we are probably going to see it in the next couple of seconds. three, two, one, then. off we go. open 23 points. 45 points higher. lots of green, left-hand side. we are up in the opening bell on wall street this tuesday morning. a lot of green right there. the dow was up 22%. how about the s&p a point to 4%. the nasdaq is up .33%. across the board, you've got close to record highs for all the major indicators. reference for the stock price of ge. four year low yesterday down to 23 bucks a share. still there. amount rounds back of just 20 cents. look at procter & gamble, the mother of all board battles takes place today. the biggest ever in absent is a procter & gamble up a fraction in advance of the result. ashley is here. elizabeth is here. rationality is over there at mike murphy is with me in the gray place of new york city. is this a bubble? is this a bubble when stock prices go up like this? >> is a great rally, sustainable rally backed by earnings and less regulation. no talk of a bubble should even be on the table. as long as it's out there, that is keeping the correction to the side. stuart: you are ignoring all those people who say be cautious, be careful. it's gone up so much. >> as long as they are out there in the pessimism out there, the market continues to move higher. stuart: scott shalit e., is it a bubble? >> yet. not yet. book, the only thing you need for an all-time high, the only prerequisite is an alarm clock because they happen everyday nephew they happen every day and if you oversleep you might miss one. i can't get excited about an all-time record high everyday. i can get excited about a real big all-time record high but we are only inching higher. we haven't really gotten it. there are some things to be cautious. as far as the full-blown bubble, not yet. >> let's cut right out of here. you are a trading kind of guy. are you prepared to sell any stock of any kind at this point because you think there is a bubble burst coming? >> know because i donate the money tomorrow. if i needed the money tomorrow might be a different story. i am staying in, but right now there are some signs that we might be getting out of ourselves and that's okay to say. moving outside stroke market, two-week suspension for jemele hill, espn sports anchor said tested a boycott of other tasters. you come back on this one. is disney threatened here? disney's the parent company of espn and the goblet of this trouble. disney a problem? neil: probably not, no. if we can other problem with equifax, we will not have a problem with disney. the president did a great job turning the whole issue for maybe a protest against trump to maybe a protest against america. however, this will all blow over. i don't think disney will be in the spotlight. espn, maybe, but not disney. stuart: it is striking that jemele hill is saying to her coworkers i don't care about you. i'm going to push for a boycott and that could hurt the espn worker at the revenues go down because of the board. >> you would agree no impact on disney the parent company. >> espn has had their own issues before this happened. i look at disney as an opportunity because they are going into the streaming business. look at netflix stock price. this will pull over. disney streaming has a lot of room. >> rob geiger might want to be the president of the united states of america. moving along. general electric stock is down 20% this year sitting right around a four year low. do you own this? virtually everybody on invested in the market a few years ago owned a piece of ge. it's totally turned around. >> a few on the large-cap mutual fund covers the one general lack trick. general electric co. to big to move the needle. my call would be to split up and spinoff. stuart: would you buy a 23? >> i would not. stuart: the president of france wants big american tech companies to say more in tax. apple chief tim cook is over there meeting had been reportedly, i don't get this, he's okay with more attacks? liz: he is caving. he's doing a 180. the initial setup of his every dollar of tax videos. this is political saying apple is more in taxes. now he's then i accept the fiscal laws worldwide are shifting towards pain where the seals are earned. he is in a big fight with the e.u. ireland is giving apple tax breaks for more apple headquarters are saying you over 15 billion in back taxes. no cook sounds like she's caving on it. if you paid as much for low taxes as he does for privacy, that could change the landscape of how the e.u. deals and treats its companies. stuart: the e.u. as quickly using has been using american tech companies is a major part of their operating budget. every time they take a chunk of tax of these companies, they are going to keep coming back for more. you know this, this. it's becoming a huge source of revenue. stuart: despite the possible cave by tim cook, you would still buy apple? >> i would hear this could be a much bigger story. if apple will agree to pay more in taxes, that is what earnings-per-share. that could have a major impact on the stock. i don't have the exact figures in front of me. ashley: that means our rickety decrepit and will be put on the back of silicon valley. stuart: rickety and decrepit. i agree entirely. so the scott shalit e. check the big board. six, seven and into the session at 46 points. 22,800. now general motors, where are they right now? down a fraction, 7 cents. they are now establishing a new military defense division. 45 bucks on gm two months ago was 33. the ceo of the parent of saxon taylor, and they say they are going to close stores or closing stores start to spiral that cannot be stopped. >> yeah, because because he says they create an aura of decline. you lose clout with the vendors can reduce or closing the stores there's only 11 way down the drain. here's part of saks fifth avenue is expanding discount stores and also investing more and more in e-commerce. the bottom line is the department doors and resource over at ended and reacted way too slowly to the rise of the internet. they have been a decimal for these companies. he's kind of bucking the trend same look, don't close doors unless you really have to. stuart: would you look at wal-mart. 83.38, of 3.5% expanding some online operations. >> they purchased a company called jet.com another startup company and now they do a stock repurchase program. wal-mart, a lot of people but they couldn't compete with amazon. they can compete with amazon. they are and they may not be winning, but they are a close second right now. stuart: fascinating. 83.26 as we speak. scott, get into this, please. wal-mart. >> is it is going to make amazon better. we all like to see competition number one. number two is this. some of these ceos will have to really start digging outside the box. to date the only good idea i've seen so far this year is cole's allowing returns in their stores to go back to amazon to get the people in the store so that they can shop some more. they will have to be a lot more thinking outside the box if you want to compete images not doing it right now. stuart: amazon right now at $995 per share within striking distance of a thousand bucks again. big change coming. dunkin' donuts getting rid of a lot of doughnut flavors and some stores are dropping doughnuts from the name of the store. train for dunkin' donuts wants to take on starbucks and coffee. basically dropping a dozen types of donuts, cutting it down to 18 from 30. there is a silver lining. they are still testing maple and bacon but donuts. i don't understand the move. duncan, the name is jim duncan. they are testing it right now. it's not duncan coffee. dunkin' donuts. >> most people say i'm going to duncan's. stuart: that is an all-time high? the s&p just hit another all-time high and so has the nasdaq. hard to keep track of it. merck says it is not a bubble. eight points there. a third of 1%. 25.53. it is that time when i have to say, scott, murph, thank you for joining me. time flies when you're having fun, guys did you know that. now check a big board. a new high for the day. an all-time high of 61 points. by the way, and 63 points okay. now look at what is on your screen before this. congresswoman marsha blackburn, twitter is censoring a pro-life ad that she posted. twitter said the ad was blocked because the statement she made about planned parenthood was inflammatory. more on that coming up. luis gutierrez, congressmen, democrat of illinois said the plan to secure the border is a white supremacist agenda. we will deal with that again not her best. -- again after this. ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone 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. robo taxis, long-haul trucks to move this forward starting in 2019. working with 25 other companies in order to make the topping. there's three levels. level three will have a break and input from a driver for which goes into a driver was dedicated lane and five which has no wheel, no anything and that is what they are going for here. the stock moves to an all-time high of 192.95. three years ago as 19 box. anybody got a video a long time ago they really made this one. they will have to compete with everybody else and it gets package and do something as small as a license plate. stuart: 10 times out, that's fantastic. thank you very much. democrat congressman luis gutierrez criticizing mr. trump's wish list on immigration. here's a quote. an extension of the white supremacist agenda and what they want to do is criminalize and delegitimize latinas. ice acting director, this is your turf. i how do you respond to this charge of white supremacy? >> i think it's very un- responsible for him to make that statement. ice officers enforcing the laws congress enact it. was congress with a promise when they enacted this law? i bet 20,000 american patriot who served their country every day, struck a gun to their head and that the safety and well-being to protect this nation. shame on him. stuart: will you enforce the law in california? the estate has become a sanctuary state. will you arrest illegals in the golden state? >> california called himself a sanctuary date. did they hurt the community because the resident arresting public safety threat in a private jail will release them in well reoffend. half of them will reoffend the first year. my options have to go in these communities and arrest criminals. when we arrest criminals will fight other illegal immigrants in the present and take custody of them, too. they actually bypass them if i did more harm than they think they've done. stuart: is there a clash coming with ice officers go to a county jail and attempt to arrest an illegal? >> we will see. we are doing our job. we are doing to help protect this country. we will do that despite these things for jurisdictions who in my opinion are frankly un-american. they want to knowingly and intentionally release public safety threats back into the public. it doesn't make sense from a community safety aspect. it certainly doesn't make sense on a law-enforcement safety aspect. stuart: sir, i am told you are not allowed into the cook county jail in chicago. it is a violent city at this point. you are not allowed to go into it. >> absolutely correct. chicago has the highest crime rate in the history of the city. are they doing everything they can to protect citizens? no. a certain population are in the country illegally. let my officers in mariner but then not only for mac community said they can't reoffend, removing from the country. stuart: why don't you push the issue and say we want in. we are federal officers coming in. >> of a discussion with the highest level department of justice. we are putting together a response plan. we will see where it all ends. stuart: that is interesting. a smile on your face. you are suggesting maybe a clash is coming. >> i'm suggesting when a sanctuary city intentionally and knowingly shields and illegal alien or federal line for that, that is a violation of 13.24. stuart: thomas hallman, a very important interview. something is going to come of this. thank you, sir. appreciate it. check the dow by the day. we are now up 80 points. 81 points to be precise. 22,842 courtesy of grain on the left-hand side despite losers. that is it. a number for you. according to the national retail federation, we will spend a whopping $2.7 billion on candy, just on candy for halloween. total spending add it all up and we will be spending 9 billion. ashley: big time of year for dennis. stuart: you remember the scene from a koufax. the lady dressed as the monopoly man behind the equifax ceo. why was she there? why was she dressed like that? she will join when she explains in the next half an hour. more "varney" after this. what? it's just.... we were going to ask about it but we weren't sure when. so thanks. yeah, that's great. being clear and upfront. multiplied by 14,000 financial advisors, it's a big deal. and it's how edward jones makes sense of investing. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. stuart: what a day. tuesday morning and up we go. new highs for the dow, s&p, not at all across the board. records for every major indicator. amazon stock down a fraction right now. still closing in on a thousand bucks a share again. joining us now are very important guy is the author of the book, the hidden dna of amazon, apple, facebook and google. his name is scott galloway. >> thanks for having me. stuart: i see your important because those four companies have just run away with the power of technology. my question is, why should we reign, for example, why should we bring amazon in? >> great company. great for consumers. should these companies be able to indicate a license entities so they can suppress taxes and high tax domain and increase revenues in the low tax domain. the most profitable company in the world isn't paying its fair share could only small and medium-sized business is have to pay more. should face the vehicle to have the media company not have the same standards this company has. we weapon is by russia? these are amazing companies. they are great for america. should they in fact be subject to the same scrutiny, which i believe they've largely escaped because we engage in this innovation. we no longer worship kindness and character, that innovators. i don't think they are subject to the same scrutiny. stuart: take amazon. and what way should they be more scrutinized are reined in? how would you do it? antitrust legislation, what would you do? >> it is a fair question. should a company become the fourth most valuable company in the world by paying one point for building a corporate income tax was wal-mart pays 64 billion income tax coming at amazon has added about wal-mart to its market capitalization in the last two years. the other side of the argument is a powerful one, great for consumers created a lot of jobs. but we need one person at amazon for every two in traditional retail. until a few years ago, amazon didn't pay any state income tax. should taxpayers are subsidizing the most successful company in the world? if you see a post office truck on sunday, it is if i'm in your tax dollars hard at work losing a lot of money such as amazon. stuart: you raise very, very good point. more importantly, what you've done is highlight these four companies, we've hired five because we include microsoft. you have pointed out the enormous power and wealth accumulated by these companies on a global basis. and we've only realized this just in the last couple years. he met were really don't get a sense of the scale. we've added the gdp of india since 2008. stuart: you mean the stock price? >> it is now equivalent to the gdp of india. only four nations in the world with a larger gdp than market capitalization and these were companies. and i would argue the economics directly translates to other than china and the u.s., the most powerful entities in mankind. stuart: just fascinating. you've got a comeback. you've got good stuff. scott galloway, thank you, sir. check that big board. not quite the high of the day. 70 points higher, 22,839. espn suspends jemele hill for suggesting a boycott on nfl advertisers, particularly cowboys advertisers. they are in trouble and there is one winner in all of this. that would be my tape just at the top of the next hour. also, the person addressed is the monopoly man joined that. she actually thought behind the equifax ceo in full costume. why did she do that? we will ask her next. . . . . stuart: espn is in deep trouble, it is getting worse. the nfl anthem protests have great impact. here is the story. sports anchor jemile hill loon much ad series of twists calling president trump a white supremacist. she continued in her anchor role. she is tweeting again in response to cowboys owner jerry jones, who told his players you don't stand, you don't play. jemile hill tweet, if you feel strongly about jerry jones statement, boycott his advertisers. well, that did it. espn suspended her for two weeks. money talks. football pays espn billions a year. when one of espn's anchors foes after that money flow she is biting the hand that feeds her. seems she can insult the president nothing happens. try to take money out of the game, you take a hit. this is not over. early this morning the president tweeted this with jamele hill at the mic, no wonder espn ratings tanked, tanked so badly it is the talk of the industry. enter al sharpton. he holds a protest outside of espn studios today. he want as boycott of espn. what a mess. fans lose. they just want to watch football. players lose, they have alienated so many people. the game loses. racial division in any sport is not good. the the nfl loses. canned they support the stand for anthem rule. president president trump wins he wants everyone to show respect for the flag and anthem. most people surely agree with that. this is a this from respected sports guy, stephen a. smith, trump is winning because he turned this into something the players didn't intend. they have to find a different mechanism to make their voices heard because trump has won this round. he is right. the second hour of "varney & company" is about to begin. as we always do check out the big tech names. not that much change for the big five tex. how about oil? 50 bucks a barrel as we speak. one dollar higher right now. get back to my take, top of the hour. jamele hill is suspended. i say espn is in big trouble. joining us jared max, am i right? >> the fact that espn in deep trouble. president trump has won this round? snow pretty much agree with that. the argument has thrown off course what colin kaepernick was standing for. stuart: i don't know what the players want. >> i don't either. we need to focus making it clear. you have our attention. we have been listening. we've seen the kneeling. might be easy to get down on a knee to do that physically, it doesn't take strength, but what is the message? it is inflammatory message. i don't know where this game end. it goes back and forth. i predicted here i believe it was a few weeks ago, when we had the protest outside the nfl office, the reason why espn was scared to do anything with jamele hill first time she tweeted they were afraid you would have al sharpton outside of headquarters in bristol. i predicted that. it is happening. stuart: didn't mike ditka put out some kind of a statement? what are you complaining about? what is the racial discrimination you're talking about? where is it? >> stuart what is scary we're in a catch 22. this stuff might be great for ratings, people are interested, we all have something we can say about it. we're in a catch it 2, politically, our country's society handcuffed by political correctness. there are very important conversations that need to take place. but this has turned into almost a bad work meeting just become as big airing of grievances that doesn't have something productive. we need to have serious conversations. if we're scared to talk about certain words, in today's gotcha game, you lose your career or worse, be physically harmed. we can't find a solution. we're looking for a solution. i strongly agree what joe namath told you last hour this, is coming together. we continue to see. we're being told we're much more different than we are. that is not good for anybody. i don't think that is true. stuart: i tell you one thing. i was encouraged last night, "monday night football" everybody stood. >> everybody stood. stuart: everybody stood. both players both teams. that is encouraging. >> my minnesota vikings were victorious. stuart: that is another story. >> if i came on started talking about xs and os of the game you would say wait, that is not what we're here to talk about. stuart: i'm afraid so. mr. max, you're all right. >> thanks, stuart. stuart: get to capitol hill. the tax writers in congress given themselves a deadline, end of the year to get tax reform done. can they do it? come on in, governor mike huckabee. governor, i say the gop is the biggest threat to the trump tax cuts. what say you? >> they're the biggest threat not just to the tax cuts, they're biggest threat to repeal and replace obamacare. they're the threat to getting deregulation. they're basically a threat to everything that the american people elected them and donald trump to get done. it just doesn't make sense. i will give a little bit of a shoutout to the house members. they're passing some stuff. it goes to eternal graveyard of legislation, otherwise known as the u.s. senate where you have so much ego in one room, that they can't seem to understand that they're not there to picket donald trump. they're there to challenge the mess we're in, and to then this president get some things done. stuart: is it personal, governor? during the election campaign donald trump was, he was very tough on the other republicans running for the nomination. i mean there were personal insults all over the place. that has not been forgotten. >> i know. stuart: yes, sir. you recovered from it. you're not putting personal insults ahead of everything else. >> no, look, one of the rules of politics is, you can not take this stuff personally. you just can't. if you do, you will be laying around in a fetal position all about iter. you will have the same disposition as hillary still has months after the election and you can not allow this stuff to get to you that personally. you have to shake it off and realize, look, i was doing this for the country. if the country can be better by having this gentleman as the president of the united states, then he is elected. i wasn't. let's help him. that is what these senators need to just shake it off and stand up like big guys and get it done. if they don't do tax reform, if they can't cut taxes, in the face of all of the support across america to get it done so that people can have a better wage, jobs can be created, people can get off the government dole to earn a paycheck for their families, if they can't do this, then everyone of them who is part of having their feelings hurt, they need to just go ahead, don't even wait for the re-election. resign, let the governor of those states appoint somebody with some courage, guts and stability, and let them get this job done. stuart: well-said, governor. i have one more for you. harvey weinstein, disgraced hollywood producer, movie mogul disgraced, he gave a lot of money to the clintons and the obamas. both have been silent about harvey weinstein and all that money they received. what is your response to that? >> we call it hush-money. there has been so much money given to the clintons, not just to their campaigns but to the foundation. lord knows how much to them privately personally, that there are some things you can buy. it appears that with the clintons you can buy their silence if you just spend enough money. apparently harvey weinstein has done that. as i said, yesterday, yesterday's harvey weinstein, toast of the town, today's harvey weinstein, just plain toast. stuart: governor, thanks, for joining us. always leash it. >> thanks, stu. stuart: want to get to huge developing story, california's wine country engulfed in flame. 20,000 people evacuated from the area around santa rosa. that is the center of the wine tourism business. hillary vaughn in napa with impact on wine makers an wineries. what is the impact, please, hillary? reporter: stuart, the impact over 300,000 jobs brought to the area. over 650 wineries in sonoma and napa county combined. we're at the signorelli winery. essentially everything here reduced to rubble. that is a problem because a lot of these grapes right now are being harvested. so a lot of wineries are impacted, but also tourism and sonoma county, nap at that, several hotels and inns, restaurants have been burned down. the devastation this fire is leaving behind is going to deter some people had wine tasting trips planned and other things as well. overall the industry as a whole, it really had a big impact. they generate 5 a -- $55 billion in economic activity for california alone. 30% of all wine in california is made here in napa and sonoma. that will have ripple impact, what effect on vines these fires leave behind. >> what a dreadful situation. if financially and personally. hillary vaughn in the middle of it. much obliged. check this one out. blackberry getting rid of iconic keyboard. i used to love that. ashley: yeah. stuart: it release as phone called the motion blackberry. the phone will be first released into the middle east before it rolls out to the rest of the world. that is it. blackberry, 11 bucks a share. president trump feuding with fellow republicans, now former white house chief of staff steve bannon declaring war on the gop establishment. we're on that. remember this, protester dressed as mow no poly man as equifax chief testified, the woman behind the costume will be here. i asked what she would do with him. ♪ stuart: we were up 80. now we're up 50. 22,800 holding for now. look at microsoft, another all-time high. i have to tell you i do own a little of microsoft stock. 76.50 right now. oh, look at walmart. they have announced changes to the website. a redesign thereof. there is a lot more going on the stock is up nearly 4%. liz: a lot more going on. this stock hat 2 1/2-year high. they announced a $20 billion stock buyback. they want to be able to do more with what is called robotic shopping cart technology. that means you're in a parking lot, call the cart to you, you don't have to return the cart to the parking lot. it returns itself. talking about jet.com. we want to give you, jet.com, walmart shoppers, even more discounts. you say we'll not return this item. we'll shop the price even more. really taking on amazon in a big way. stuart: coming on strong to take on amazon. ashley: that is a good thing. stuart: best competitor to amazon so far. investors like it. 83 on walmart. is that a two-year high? >> 2 1/2-year high. stuart: at odds with his own party, especially senate republicans. former white house strategist steve bannon, plans to challenge every republican senator up for re-election next year, except ted cruz. this is what bannon told hannity last night. roll tape. >> talk about why there is no repeal and replace, why there is no tax cut, why there is no tax reform, why there is no infrastructure bill. mcconnell, corker, entire clique, establishment globalist clique on capitol hill have to to. stuart: clearly a spit with the republican party. david bossie, citizens united, former director of the trump campaign. there is a split. looks like it will impact or have an impact on the tax cut process. what say you? >> well i think that, it is a good, this is a very good conversation. the republicans in the united states senate, incumbent u.s. senators have to hear from the american people that they are frustrated. they have been now nine months into this president's administration. they have done very little legislatively. i think the frustration that the american people feel is really being exhibited by a lot of folks who are going to challenge these u.s. senators in republican primary, after primary next year. president trump can not go to democrats for any real help on tax cuts. they will not get it. >> of course. stuart: he has to get 50 republican votes in senate. that is the bare minimum. he has to have the 50. in your judgment, david at this moment in time what, i don't think he will get the 50? >> tax reform is vital. we must have not only tax cuts but tax reform to bring american jobs back home, to allow, companies, large, lash corporations and small, llcs, and subchapter s-corporations to have the incentive to hire people to buy goods and services to open plants. this is what president trump ran on. that is why he got elected. these senators need to get on the program. they have to understand it has to be done this year. there has to be some urgency. that is the frustration with the senate leadership. they don't seem to hear the same urgency that the voters have been telling them for the last several cycles. stuart: david, i can sense the urgency in your voice. now this one, in an interview with "forbes" magazine president trump will unveil a new economic development bill he says will reward companies that keep jobs in america and hurt companies that send their operations overseas. do you know anything more about this? what is your reaction to it? >> i just saw the news this morning, the president for a year during the campaign told the american people, one of the reasons is he was elected he was going to break this incentive program that really was an incentive to keep american dollars offshore, these corporations have it offshore, legally, but kept offshore. instead of bringing it back to this country. he also, it is something that is near and dear to him, make sure that companies aren't sending jobs overseas, aren't sending them abroad and hiring foreign workers instead of american companies hiring america, hire americans, buy american products. that is what the president's mantra has been. that is what i think this plan is going to be. stuart: david, i wish we could spend more time concentrating on economic success story that is the president's success story since the election. >> it's a great one. stuart: profits are great, we're going places. instead we're spending all time on political turmoil and back biting within the republican party. it is lousy. >> first of all it is incredibly bad for america. that is what these elected officials have to understand. the president has an incredible plan that he was elected on, and that these senators were sent here to do. the broken status quo we know is not working. we have to have change agents here in washington, who has the courage to say the president is right on tax reform and we need it this year. stuart: david boss sir, good last words right there. we'll take them. david, see you soon. >> thanks for having me. stuart: we'll have continuing coverage of the deadly wildfires in california's wine country. we'll talk to a napa valley wine-maker. we'll find out how badly affected the wine industry will be and one wine place in particular. ♪ hi, i'm the internet! you know what's difficult? armless bowling. you got this, jimmy! you know what's easy? building your website with godaddy. pick a domain name. choose a design. you can build a website in under an hour. now that's a strike! get your domain today and get a free trial of gocentral. build a better website in under an hour. i love you. stuart: backing off a little today but still near $45 a share. the news this morning they're establishing a new military defense division. got it. back to the wildfires raining through the california wine country. our guest is a wine-maker. shane finley, joins us on the show. i understand your winery has not been directly affected or burned at this point. ask but the grapes still on the vine. could they be affected by smoke, atmosphere and heat? >> certainly possible but i think unlikely. at this point most grapes have been picked where we are with pinoir and chardonnay and there are late ripening varieties out there. stuart: shane, from what you heard from other wine makers in the whole area affected by the fire, is the wine industry and wine making going to take a big hit? >> i think it is too early to tell to be quite honest with you. i do know there are a few wineries that have gone up in flames. paradise winery and chateau st. jean have burned. like i said, most grapes are already in. we don't, it is really hard to tell how it is going to affect the grapes but i think it will be okay. stuart: what is the situation immediately around where you are right now? i'm told the wind has died down. maybe things are improving a little. what about your area, sonoma? >> right now we have a heavy fog. there is more humidity in the area. the wind is definitely slowed down. it looks like it might pick up this afternoon. i think all the fires in the urban areas of santa rosa are kind of under control but in the more rural, woody areas up in the mountains are going considerable. stuart: shane, we hope you come out of this okay. we certainly feel for the wine industry as it is in that area. shane, thanks for joining us. >> thank you, sir. stuart: many top democrats putting distance between themselves and harvey weinstein in the wake of those sexual harrassment allegations. hillary clinton and president obama remain silent. they got a lot of money from mr. weinstein. brian kilmeade gives us his take on that. >> she dressed up as the monopoly man while equifax former ceo smith testified about the data breach. amanda werner is the monopoly man. what does she want to see happen to equifax? 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goes straight up. is it a bubble? >> no, i don't think it's a bubble, stuart. it's a very rational response to what already happened in terms of the trump administration which is deregulation, which is renewed sense of optimism out there in the country we can grow again. also, anticipatory looking toward what we hope will happen which is tax cuts and tax reform. stuart: you're a financial guy as well as political guy. would you tell our viewers asking that question, should they sell a little bit of their stock holdings to lock in profit they made? >> stuart, i can never give it advice because i can't tailor to somebody's individual circumstances but optimistic as i am, the market future growth, the market has come a long way. putting new money in at these prices is probably in my opinion a bit risky here. when we get bad news on taxes, and i think we get good and bad over next few weeks and stocks get hit, my guess that will be good buying opportunities. stuart: i want to refer to politics for a second and refer to you, specifically, steve, because i know you're of spanish descent. congressman luis gutierrez criticized president trump's wish-list on immigration as quote, a extension of the white supremacist agenda. he leads the hispanic caucus in congress. what do you think about his statement. what do you think about his statement? >> i think his statement is reprehensible, luis gutierrez is from my home city of chicago, he is race baiting political huckster, he would rather grandstand and help promote than hispanics become a more prosperous community. by the way something he is doing, something the left does far too often. when they don't want to argue the merits of facts and the case what do they do? they call us racist. it is beneath the dignity of america. it is wrong. the way they play identity politics is part, major part what caused this country to be so divided right now. i think it is shameful, it is reprehensible, by the way he tried to make this a racial issue, last time i checked america is not a race. america is an idea and a place. americans come in every imaginable hue of colors. we're not a race. i would add one more point. i'm fired up about this, stuart. one more point, suggest to moving to a merit-based system for immigration entry is actually implicitly racist itself because he says not enough hispanics will qualify. not enough brown people can make it here on merit. that is ridiculous. and that is insulting. we want best and brightest of immigrants and i don't care if they're purple. stuart: are you there to tell us how the balance of hispanics in the united states and how do they feel about congressman gutierrez statements like that. >> sure, i don't pretend to speak about every hispanic. look in 2016 it, was widely predicted by the mainstream media we would get decimated in the vote among hispanic voters. we didn't do as well as i would like, but we did far better than anyone expected. we bested mitt romney's 2012 take among hispanic voters. i think a lot of hispanic voters are willing to look past the narrative that the mainstream media pushes, instead look toward growth policies that hispanics need. going forward from here, i think what hispanics care most about when it comes to politics is economic prosperity. hispanics did i definition are mostly working-class people. working-class people have had a miserable decade for slow growth in america. for them frankly, no growth. while luis gutierrez gets on his soapbox and race baits, donald trump, i hope with help of people like me is focused on a growth agenda that make hispanic communities and families more secure and more prosperous. stuart: steve cortes, thanks for joining us. >> thank you. stuart: i'm going to the las vegas massacre. police revealing new details about the sequence of events inside of the mandalay bay hotel. the timeline for the shooting has changed. ashley: it has actually flipped. the latest from las vegas investigators is that the security guard within mandalay bay, jesus campos was actually shot at 9:59 on that sunday evening. he was shot at six times. he was hit once in the leg. it was believed that encounter with the security guard actually stopped the shooting. turns out it was the other way around. he was shot by stephen paddock prior to him opening fire on the concert down below which we know went on for 15 minutes. complete reverse what investigators thought happened. why was campos on the floor? he was responding to a open door alarm. had nothing to do with paddock's room. he saw him, shot him. then began firing on concert below. it was real reversal. this continues the investigation we still don't have a reason, a moat testify. stuart: also, we now do not know why he stopped shooting? ashley: well at some point they know that people were outside the room and he shot himself but we don't know everything yet. that is for sure. we may never know. stuart: ash, interesting new development. thank you. get back it my take, editorial at the top of the hour. espn anchor jemele hill hit with two-week suspension advocating a boycott of nfl sponsors, cowboys in particular. brian kilmeade is with us now. here is what i say. the fans are losing. the game is losing. the nfl is losing, the players are losing but i think president trump is winning on this one, because he is saying what a lot of people think. what say you? >> i saw stephen a. smith, fine columnist, listen the president has taken this moment, not talking about racial divisions or inequities or law enforcement. we're talking about patriotism. that was my point over a year ago. stuart i have done the simulcast with you, i said same thing before he got elected. what is he doing to the national anthem. we wouldn't tolerate that. we would not tolerate people putting their hand over the heart. now we tolerate people sitting on bench or taking a navy. the president said overall feeling in this country that we're not great, not exceptional. this was opportunity to point it out. i thought i think the president originally made it worse. i think it has to get worse before it gets better. this is symptom of the fact that the league did not stop it before it got tremendous headway. they did not put it in the rules like nba has in the rules, let it get out of control. stuart: last night, "monday night football," vikings, bears, everybody stood. right before that jerry jones, cowboys owner had said look, if you don't stand, you don't play. could we be seeing the end of these protests? >> no. in fact, i believe espn's newsroom must be extremely divided because of suspension of the anchor for two weeks. a lot of people don't think it was right, she came out and said hey, dallas cowboys, way to get to the cowboy organization, not right to put mandate on player is essentially boycott their sponsors. verizon, nike, stop doing it. stuart: now espn is in trouble. espn is in deep trouble here. they don't just have cord-cutters and people want to watch football and politics stuffed down their throat. >> al sharpton is doing that. to finish your answer, the dallas cowboys are feeling pressure. they feel law enforcement inequitieshen it com to afcan-americans. a lotf people fl in our soety it isot equ. they're football players fir. they d't like beingold they cat do something. filies orill feel preurm frnds, not lisn to jerry jones. whatf the starting quarterback or runni back, ezekiellliot says i'm sitti. what if dach prescott goes'mion. we'll find out i guess. quickly to harvey weinstein. big democrat donor for decades. a lot of democrats putting distance themselves and him, not hillary clinton or bill clinton. are you getting a lot of calls on your radio show about this? >> we are. we're getting more yesterday and today. as the big picture comes out, hard to take shots at people exposing a story when it is "new york times." however the other story that goes below surface, "the new york times" had this and could have written the story 13 years ago and chose not to. all the people have all the problems with the way women are treated especially in hollywood, how could they keep their mouth shut for all these years? blows me away. stuart: well-said. >> late night hosts were doing some jokes, maybe acquiescing, i heard complaints about us not doing jokes, i do a few to appease you people out there who want fair and balanced attacks because they mostly focus on president. stuart: pathetic. i that is my judgment. i leave that to everyone else. breaking news. proctor & gamble, nelson peltz was not elected to proctor & gamble board. liz: there are challenging the very count. it is too early to call. preliminary vote. this is epic battle royale, biggest shareholder proxy fight, nelson peltz and trian fund wants to shake up p&g. that it is too stodgy, not growing to appeal to millenials. he is trying to get a seat to do that. trian got on the board recently. this is shoutout. it's a wake-up call to all old american iconic brand, if you don't change and your stock price is lagging performance of the market overall, you will see activists investors step in even more. that is what is happening right now. stuart: that man has some power. liz: he does. stuart: shaken up two huge corporations. >> not on the board apparently. stuart: not yet. ikea will start selling furniture through third party websites. want to reach more customers. they say, they haven't said which websites they're going to use but analysts say amazon and alibaba are likely contenders. of the interesting. -- go towards amazon we think. look at this. monopoly man, it's a she actually, she is on the program next. we'll ask her if you don't like equifax, what do you want to do with them? we'll be back. ashley: by all accounts amazon is a powerhouse that shows no signs of slowing down. last hour we asked tech industry observer scott galloway if the e-commerce giant needs to be reined in. >> should they become fourth largest in the world, yet amazon has added value of walmart to its market capitalization in the last two years. and the oth side of the argument is powerful. it is great for consumers. it is creating a lot of jobs but we need one person at amazon for every two we need in traditional retail. there is fairly significant job destruction taking place. until a few years ago amazon didn't even pay any state income tax. so should taxpayers subsidizing the most successful company in the world? ♪ at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. stuart: ok at the board ofroctor & game. they're looki a count on that bod member vote. microsoft, all-te high, another one. walmart stock. lmart straight up. they announced changes to the website including a redesign. they're expanding online operations. 84 on walmart as we speak, up 4 1/2%. you may have seen our next guest during the senate banking committee hearing as equifax. she was dressed as a man from the monopoly board game. amanda werner is our guest. campaign manager for public citizen and americans for financial reform. amanda, welcome to the program. good to see you. >> thanks so much for having me, stuart. stuart: that was extremely effective costume. you made a big splash at hearings. congratulations. >> thank you so much. i'm glad i called attention to the important issues. stuart: what do you want to see happen to he equifax? i know you have a lot of things you want to do with financial reform. what do you want to do with equifax particularly? >> my number one priority, the reason i dressed up as monopoly, forced arbitration as essentially get-out-of-jail-free card when they break the law. unfortunately the senate is trying to pass legislation that would take away consumers rights to sue companies like equifax and wells fargo. we're trying to stop that. stuart: you're about the access of consumers who have been messed with, their access to the courts as opposed to an arbitration panel? you don't want arbitration as things stand now, you want lawyers to come in, so you can sue equifax, is that basically it? >> well, it is actually even simpler than that not that we don't want arbitration. we want consumers whether to choose to pursue arbitration or join together with other consumers in class-action lawsuit. when you talk about the equifax data breach, affected 3/4 of the adult population in the u.s., a class-action lawsuit makes a lot of sense. you can't have 143 million arbitrations. stuart: would you like to see equifax, run out of town, run out of business? >> i think we definitely need a better system for credit reporting. the way it works the consumers are essentially product of credit reporting bureaus. we're not their customers. they don't feel accountable to us in any way. right now equifax has shown dangers of that, when they are not accountable to us, they don't take care of handling our information. stuart: i agree with you. i don't think the equifax business model is set up with me, consumer, my interests in mind. it is set up for banks and for lenders so they can find out who is a good credit risk and who is not, so they make loans or not make loans. would you completely reverse that so that we consumers control our own information and what's done with it? >> i would definitely like to see some serious reforms. i think one of the problems with equifax, it sits in a regulatory dead zone where no agency has clear oversight over it. for instance, the consumer financial protection bureau has some oversight of equifax when it comes to accuracy of credit reports. the ftc is in charge of the status piece. they can come only in and bring enforcement actions after there has been a breach. we need congress to fix what we see now but clear supervisory authority to somewhere in the government to make sure equifax can't do that again. stuart: amanda, you made the point very well. that is brilliant, won't call it stages, very good costume in the right place and right time. you got on the show. amanda, thanks for joining us. we appreciate it. >> thanks so much for having me. tell your senators to vote no on sj recent 4. stuart: you got that in. nba superstar michael jordan pitching charlotte, north carolina as amazon's second national headquarters. what are they doing. liz: talk about a battle royale. 50 cities want amazon to build their second headquarters. michael jordan says i own the charlotte hornets. i grew up in wilmington. it's a great place to build the headquarters. tax incentives pourings in, dangling offers and temptations. 1.7 billion tax incentive from nashville. memphis is coming in with their tax incentives. governor chris christie of new jersey, wants amazon in new jersey. american indian tribes in washington are trying to keep amazon in the home state of washington state. so you know, this is, i'm looking at this, i can not believe this explosive fight breaking out across the country. amazon, come to us. stuart: i'm not surprised? 50,000 jobs available? >> $5 billion facility. a lot of jobs. stuart: i understand the competition. got it. leader of cad loan yaw will address -- catalonia addresses parliament. he could announce the region declaring independence from spain. we'll go live to barcelona, see what the mood is ahead of this very much anticipated speech. ♪ who knew that phones would start doing everything? entertaining us, getting us back on track, and finding us dates. phones really have changed. so why hasn't the way we pay for them? introducing xfinity mobile. you only pay for data and can easily switch between pay per gig and unlimited. no one else lets you do that. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit or go to xfinitymobile.com. ashley: tensions rising as catalonia may just go ahead and declare independence from spain in a speech just about to happen. john huddy joining us live from barcelona. john what are the expectations? reporter: that's a great question. there has been a lot of speculation, stuart, what may come out of the speech tonight by the catalonian president guzman. he is addressing a special session of parliament. whether or not he make as declaration of independence, catalonia separating from the government but or acknowledging a referendum in support of catalonia independence. that said the spanish prime minister said any discussion of discussion of independence is off the table. that independence would throw the region into economic and political chaos. there is concern if that does happen, stuart, there could be protests, riots. national police could be brought in. the prime minister saying that spain will exert its authority and take control of the region. stuart, european union officials have been basically pleading with him not to declare independence. they are concerned about the economic impact. several banks already left. all eyes are what is going to happen tonight, stuart. back to you. stuart: john, thank you very much indeed. confusing two british accents. we all sound the same. seen one english accent you seen them all. still to come on "varney," a group led by newt gingrich urging congress to pass tax cuts now. they took an ad out in "the hill." to get their message out. newt gingrich joins us next hour. stuart: it seems our republican president is at war with the republican party. senate republicans in particular. this could be a real problem for the president's agenda. it's already hurt health care reform, now it threatens tax cuts. senate republican john mccain cast the no vote that killed the health care fix and kept obamacare alive. over the weekend republican senate bob corker engaged in a twitter war with the president, eventually calling the white house an adult daycare center. are they in the same party? republican senator jeff flake published a book vigorously opposing president trump's policies and his temperament. republican senators rand paul, susan collins at opposite ends of the republican spectrum, both have trouble with the trump agenda. add it up. it spells big trouble for tax cuts. the president eat plan needs 50 votes -- president's plan needs 50 votes in the senate. that's going to be tough to get when so many republican senators are in apparent opposition. if republican senators kill the tax cut program, the republican party is surely destined for a big defeat next year. it's come to this: nothing would propel the realignment of our politics like the failure of the republican party to cut taxes. the third hour of "varney & company" is about to begin. ♪ ♪ stuart: ah, jimi hendrix, what's wrong with that to get the hour going? nothing, says he. the dow industrials are up 34, 35 points, and we've got an even split, winners and losers, on the dow 30. remember, we're just two good rallies away from dow 23,000. the value of all stocks has gone up over $5 trillion just since the election. is this a bubble? let's ask peter kiernan, best selling new york times author. now, he's the best selling author on "the new york times" bestseller list. >> i'll take it however you want to pitch it. stuart: so is it a bubble? >> it is definitely not a bubble. in fact, it's interesting, it's almost ten years to the day exactly to the pre-crisis peak in stock prices. so october 9, 2007, we had a peak, then we had a horrible couple years. then 2009. since then stocks have tripled. that is a serious case of momentum. virtually every major economy in the world is growing, also momentum. in the next ten years, in the world a billion new members of the middle class are being created. that is momentum. that's not a bubble, that's momentum, and you invest with momentum. stuart: how about this? small business optimism took a nasty hit this september. maybe small business owners are beginning to worry that we won't get a tax cut. >> well, i have to say i'm sympathetic because they're vulnerable. the fact is about half of our employment force in the private sector works for small businesses. they need a tax cut. they need something to rejuvenate and help them participate more fully in the economic growth that's occurring around the world. you know, many of these small companies don't export. their growth, their power, their prosperity comes from good things happening in the united states. stuart: yeah, well, let's talk about tax cuts. in the editorial at the top of the hour, i was saying president trump's at war with the republican party, and because of that war the tax cut program is threatened. what say you? >> i'm awfully worried about it. i will say style points, i'm not sure bob corker was ever going to be anything other than the budget deficit hawk he has been for years, so i'm not sure he was going to be anything but a tough sell. but in terms of negotiating technique, i'm not sure getting into a twitter war just when you really need to persuade somebody is how i would naturally approach it. the president has his own style. stuart: at this point, do you think the republicans can muster 50 votes in the senate for any tax plan? >> i think they can particularly if they don't go for the heroic. go for the good enough. you do not need to be homerric to make this something that really works for those small businesses that we talked about. just some sane things will really help this economy get that next leg. stuart: okay, peter, stay with us, please. >> sure. stuart: next case, president trump has said he wants to make america the dominant energy producer. well,house he doing -- how's he doing so far? stephen schork is with us of the schork report. give us a grade here. we do want to be the dominant energy power. i think that we are because our frakers control the price of oil worldwide. what say you, stephen? >> we're looking at a part of the economy, fossil fuels that is, that is the driver that gives u.s. industry a comparative advantage like no other around the globe. now, we spent the prior eight years kind of frittering away at this and really not taking advantage of this. but clearly with the signs and the deregulation that we've seen since this new administration has come in, it certainly has cleared the way. and it goes without saying that capital goes where it is going to be, where it is welcomed, and it's going to stay where it's well treated. it wasn't well treated, it wasn't welcomed in the prior administration, so certainly, this is a breath of fresh air for us. stuart: on that note, epa administrator, scott pruitt, he's repealing the clean power plan regulating greenhouse gas emissions. could i say from that fossil fuels win, renewables lose? >> well, i think it doesn't have to be such a dry line. i think it's both a win/win. les keep in mind renewables do make sensen cerin parts of this economy. in southern california, in the southwest solar makes a lot of sense during the day, but then again you have to fire up some fossil fuels at night. the same with wind in west texas. it's great in the early mornings, but, again, you have to fire up some fossil fuels. it's not to say they have to lose, they certainly are a part of the answer. the problem with this, with the prior administration was it was picking winners and losers, and it was deciding all the win we ares, that is to say tax-funded, subsidized wind and solar projects in the expense at claims fossil fuels were the losers, and that's not a way to look at the economy. there's room for both of these projects to go forward. fossil fuels where it makes sense, midwest, northeast, east coast, renewables in the southwest and in the south. it's certainly -- they're all part of the answer. doesn't have -- did not have to be such a fine line defined by the previous administration, and i think the deregulation, hopefully, will allow more flexibility into this industry, and that's going to benefit the people and the environment to a greater extent. stuart: frack til the cows come home, that's my personal opinion. >> absolutely. stuart: come on, let's get on with it. stephen schork, you're all right. we'll see you again. thanks very much, indeed. i've got to get to a serious story here, the wildfires in the heart of california's wine country. as of this morning more than 73,000 acres had burned. hillary vaughn is with us there in napa valley. hillary, the very latest, please. >> reporter: stuart, well, just in napa and sonoma counties at least 650 wineries are vulnerable. about 90% of those are family-owned and operated vineyards, and the reason why this is a big deal is because it brings $55 billion alone to california and at least twice that across the country. about 13% of all wines are grown here from these grapes and made here. this is just one winery we're at. you can see this was a tasting area behind me now reduced to rubble. winds whipped up to 70 miles per hour, basically bringing a wall of fire 100 feet high leaving really things decimated behind it. right now we know that there have been at least ten people that have died, at least 100 are reported missing, 2,000 buildings damaged and at least 20,000 evacuated. california highway patrol used helicopters to airlift at least 40 people to safety, some of those vineyard workers that couldn't get out. the fire chief says as of last night they had limited to zero containment of the nine fires burning through california wine country. so as daylight breaks here on the west coast, we're expecting them to begin again to try to get these fires contained. replacing just a single acre of one of these vines could cost as much as $25,000, stuart, and those industry experts that know a lot about wine and how important it is to california say this could affect the industry and the quality of wine for years to come. stuart: yeah. so many of our viewers have been where you are now in happier times. hillary vaughn, thank you very much. good stuff. please check the stock price of procter & gamble. shareholders have apparently rejected activist investor nelson pelts' bid for a seat on the board. the stock's down 1.5%. that's a giant company down $3.39 as we speak -- $1.39. as we said, the first obamacare enrollment season under the trump administration, you might hear the democrats blame its failure on the president. not so fast. beating obamacare author betsy mccoy is here to debunk the whole theory, that it's the republicans' fault. and a group led by newt gingrich taking out an ad in "the hill" newspaper urging congress to pass tax cuts now. forget the whole idea of reform. newt gingrich is here with me in the studio next. ♪ ♪ "volatile markets." something we all think about as we head into retirement. it's why brighthouse financial is committed to help protect what you've earned and 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businesses work better and serve their customer better. congress needs to act on this. give them a tax cut break now, and is you will see -- and you will see great things happen. stuart: yes, yes and yes again. [laughter] hall of famer fran tarkenton in a new ad urging congress to pass tax cuts now. a lot of big names lending their voices to the effort led by newt gingrich who just happens to be with us now. he's the author of this new book, it is called "vengeance." newt, welcome to the program. >> good to be with you. stuart: tax cuts, not tax reform. >> i'm for as much tax reform as they can pass as long as they get tax cuts. but i don't want them to let tax reform as an idea block them from getting tax cuts. stuart: it's really a question of what can be done. >> that's right. stuart: and is you don't think that we can do the mammoth task of tax reform -- >> they've got 52 votes in the senate. they have to get at least 50 of them. stuart: right. >> so i want to know what tax cuts, particularly for small business which is the most effective job creation you can get, what tax cuts can they get 50 votes for in the senate. everything else is, you know, we played this dance for nine months on health care. it doesn't matter all your press conferences, what your press release is, you either get 50 votes and you pass the house, or you don't get a law. stuart: real fast, newt, you know the state of the republican party in the united states senate. >> right. stuart: do you think you can get 50 republican votes for any kind of tax proposal? >> look, i used to have a very simple model. tell me what you have to have, tell me what you can't have. then i'll tell you what i have to have, i'll tell you what i can't have. somewhere in that box there's a bill. and mitch mcconnell knows this. mcconnell's a very, very good negotiator. but it would be helpful if everybody in the republican side, including the president, could focus on being positive and could focus on finding a way to get to yes. what doesn't work, frankly, under our constitutional system is trying to bludgeon these guys because one of the reasons the founding fathers designed the senate, only one-third is up every two years or so, you can't threaten two-thirds of them. they don't care. stuart: so the president's made a mistake when he has the twitter war with bob corker? >> my mother taught me many years ago that you collect a lot more flies with honey than with vinegar. i don't know why she wanted to collect flies -- [laughter] stuart: i take your point, we got the message. gary cohn is the point man on tax cuts in the white house, he says middle class tax cuts, they are the priority. he told us all of this on this show friday, and he really laid it out. roll tape. >> as you know, we turned into a broad brush outline to the tax writers both in the house and the senate, and we've given them a lot of latitude to work with our broad outline on delivering middle tax -- middle income tax cuts. and that's really important to us. and to deliver a business tax cut that makes america competitive. those are two areas where we are really concerned right now, and we are spending an enormous amount of time. stuart: if there's more money in middle class pockets and not that much more money in upper income pockets, does that still stimulate the economy? >> in the short run, sure. stuart: that much? >> well, in the short run -- and this is why parts of the tax bill, i think, will be retroactive. speaker paul ryan told me last week that i think they've changed the rules as of september 27th so they're locked in, people can start making investment decisions. in the short run, people have a lot more money at christmas, early next year, you get some serious stimulus. in the long run, you want to have a break for businesses and a break particularly for small businesses. but i have, i carry around this is the paul ryan postcard -- stuart: yeah, i remember it. i've got one. >> okay. and i carry this because i think people need to understand, you get a secondary tax cut in the money you don't have to pay to a preparer -- >> right. >> -- which turns out to be five billion hours a year of time, and i think well over $100 billion in actual payments. stuart: okay, real fast, if you get the middle class tax cut as envisioned by gary cohn, do we get 4% growth next year? >> you certainly get over 3% growth. if you get that plus a 20% or less corporate rate, plus a break for small business, you break 4% next year, in my judgment. stuart: i've got two books sitting here on the set. first is yours, it's called "venn januaries," and it's a normal. >> it's very straightforward. terrorist sells two supertankers full of oil to the north koreans to get enough nuclear material for dirty bombs, and you have a joint saudi/american effort to stop them. [laughter] literally like today -- >> don't go right to the end. stuart: i'm going to the last page. [laughter] one more -- >> however, this is a much more fascinating story. as you know, calista's been nominated to be the ambassador to the vatican and, therefore, she cannot go on an author's tour. and so i'm going to be flagrant just to make my wife really happy -- [laughter] stuart: that's why you're on the show. oh, gingrich -- [laughter] >> you want tension, you stay up all night, you wonder what's going to happen to the world, you get vengeance. if you want a happy story about the first ladies, you get "remember the ladies." this is much happier -- [laughter] stuart: gingrich, as we say, you're all right. thank you so much for joining us, much obliged to you. all right, this one from facebook. their chief, mark zuckerberg, he took a virtual tour of hurricane-ravaged puerto rico. he's trying to promote the new facebook virtual reality app. some say he went way overboard, much too far. we'll discuss that. look at the stock, no impact there. close to an all-time high, $172. facebook. university of chicago professor richard thaler won the nobel prize in behavioral economics. he's credited with getting people to stash more money away in their 401(k)s. that is a very good idea. and look at this, something you haven't seen at a football game in a while, every single player stood for the anthem at last night's vikings/bears game. more "varney" after this. ♪ ♪ is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. >> light the fire -- [inaudible] >> come on! ♪ ♪ >> this is not going to go the way you think. >> fulfill your destiny! stuart: that was it. that was the trailer from "star wars," the last jedi. we brought you the teaser yesterday, full trailer aired last night on monday night football. it hits theaters december the 15th. it's going to be huge, so they say. i'm not so sure. [laughter] espn suspending anchor jemele hill for two weeks for suggesting boycotts. if players don't stand for the anthem, they don't play. well, president trump weighed in this morning about that. quote, with jemele hill at the mic, it is no wonder espn ratings have tanked. in fact, tanked so badly it is the talk of the industry. fashion designer donna karan appeared to defend harvey weinstein. the movie mogul accused of sexually harassing women for decades. she suggested the women may have been asking for it. karan is now walking back what she said. here's the quote. my statements were taken out of context and do not represent how i feel about the current situation concerning harvey weinstein. i believe that sexual harassment is not acceptable, and this is an issue that must be addressed once and for all regardless of the individual. and now this: the democrats say president trump is sabotaging obamacare. not so fast, says betsy mccoy, author of "beating obamacare." she is here to debunk that opinion. we'll be back. ♪ ♪ ♪ ♪ [laughter] stuart: i know it, i know it, don't tell me, that is ac/dc, back in black. >> oh, you got it. stuart: am i correct? thank you very much, indeed. >> he's good. stuart: as of right now, by the way, president trump meets henry kissinger in the oval office. we're checking this out, wring you any -- bring you any news that develops. look at the dow, we're up 36 points. we were up 80, then we were up 10, now 36, just a tad show of 22,800. let's get to health reform. obamacare enrollment expected to be way down this year. democrats blame president trump. they say he is sabotaging sign-ups. betsy mccoy is with us, she's the author of "beating obamacare." they blame president trump for small sign-ups and you say? >> >> nonsense. this problem, soaring premiums, right? declining enrollment, outrageous deductibles, it was all built into this law, baked into it from the very beginning and predicted, stuart. and the reason is that as more and more healthy people exit the system seeing that the premiums are so high, they're more than doubled, and -- they've more than doubled, and now they're expected to go up 25-35% just this year in many states around the country. people are saying i can pay a mortgage for that. stuart: you're not buying the idea that president trump -- >> we predicted this long before president trump was elected to office. stuart: now, the news on health care came yesterday when the president talked about an executive order that allows short-term health insurance like for, like, 364 days -- >> and association plans. let's get rid of all the jargon and just explain what this is. stuart: wait a second. what is the importance of short-term health insurance? >> was it's what short-term -- because it's what short-term health insurance is permitted to do under the law. it means that insurance can be sold that doesn't include all the ten essential benefits. that means people who don't want maternity coverage because they're too old to have a baby or don't want pediatric dental care because they don't have kids can still buy insurance. stuart: it doesn't get rid of the mandate, it qualifies the -- >> that's right. stuart: if it's less than a year, 364 days, you can sell them the policy that they want. >> and insurers are also allowed to give price breaks to healthy people. those are the two things that most people in the individual market are desperate for. you've got almost 20 million people stuck in that market because they don't get health insurance at work. and up until this point, they've been forced to overpay for insurance. stuart: okay, wait a second. what i want with, what younger people want is catastrophic insurance. >> that's right. well, unfortunately -- stuart: can we get that now? >> unfortunately, they can't really manage that under this law. here we have 2,572 pages, but along with this is 40,000 pages of presidential-made regulations, and that is the opportunity the president sees. i can't get rid of this law yet, but i sure can change those 40,000 pages of regulations to give individuals more choice and a better deal. stuart: clearly, you sport it. >> i do -- you support it. >> i do. and when i hear the rhetoric of the democrats, you know what they're arguing? forget the individuals. prop up the system. well, in our country we believe in individuals, not the system. stuart: you know, you've been carrying that thing around for you -- >> someday, stuart, we're getting rid of it. [laughter] stuart: peter kerr nan, goldman sachs kind of guy, what do you make of this? the developments in health care? >> first of all, that's an amazing workout to carry that around. i do think they should not resist the urge to try and fix health care. if there are things that cannot be done at the congressional level, the government must do something, the president must do something. doing nothing is not an option. >> this executive order will provide urgently-needed relief to millions of people. almost 20 million people. stuart: wait a second, did he sign it? >> he's going to sign it this week, and then we'll have the actual text of it. but we know what the broad outlines are. more choice, lower premiums. stuart: so some relief this week when the president -- >> absolutely. and that's why you're going to see many, many people exit obamacare. why should they pay for this? >> right. >> they can't afford it when they can get coverage for less. stuart: thank you very much, betsy, appreciate you being here, as usual. now the markets, let's get there. straight up since the election. even without that much progress on tax reform, the market has still kept going up. now, there's a group led by newt gingrich, you saw him on the show moments ago, they're urging congress to pass tact cuts. -- tax cuts. go for just tailored tax cults. joining us now, heritage foundation president edwin feulner. does this get your seal of approval? >> absolutely, stuart. stuart: you like it? >> let's go for it. we want as many taxes cut as often and in as many places as possible, and let's call it what it is, tax cuts. middle america understands what tax cuts are. they don't want to reform the whole system, they want to see how it's going to affect them. let's go for it. and every time you come up with a broad reform proposal, it's going to require all kinds of compromises and all the rest. go for those fewer, flatter, lower rates for the individual, let's lower the corporate rate as we've talked about before, and let's get on with the job. let's make it happen this year. stuart: so to ed feulner at heritage, that's what you want; lower tax rates, a lower tax rate for corporations, and that's it? that's it. that's a bare bones deal that just cuts taxings. but does that stimulate the economy? >> absolutely. absolutely. look, we're on the verge of 3% already. with those kinds of meaningful changes, 4% will be an easy reach. after all, 3, 4, 5% is the traditional standard for the united states. i watched you yesterday talking about how long it's going to take us to get to 28,000 on the dow and, man, it's up again today. trump is great for the stock market. he's great for real america, for middle america, and this is a real opportunity to move ahead in a really dynamic way. stuart: okay. ed, the big deal here is getting rid of that deduction for state and local taxes. if you get rid of that -- [laughter] i don't know why you're laughing, but look, you get rid of that deduction, and wealthier people, upper income earners actually could end up paying more. i take it you want to end any discussion of ending that deduction. >> i don't think that's the primary objective of what tax cuts ought to be, stuart. i think what we've got to do is stay focused on the really big picture which is how do we cut rates for average americans. and that's why i like the newt gingrich approach very much, focusing on tax cuts rather than tax reform. and frankly, when paul ryan's over here on thursday morning, i hope that's what he's going to say as well. stuart: let's see if there are 50 votes in the senate for any kind of tax deal. ed feulner, always a pleasure. thank you. >> thank you. stuart: and now this, totally different subject. twitter block a campaign ad from republican congressman marsha blackburn. this is about so-called inflammatory language about planned parenthood. all rise, judge andrew napolitano is here. >> i have to chuckle over twitter saying it doesn't want inflammatory language -- [laughter] look at the things they do permit whether it comes from 1600 pennsylvania avenue or from anywhere around the world. stuart: well, you know the story here. >> of course i do. stuart: marsha blackburn puts out a video in which she's critical of planned parenthood, facebook doesn't want to run it, blocks it -- >> twitter. stuart: i'm sorry, twitter has blocked it. is twitter now the censor in chief of our political opinions? >> they own the world's largest and most sophisticated -- or at least in tandem with facebook -- bulletin board. the government doesn't own it, and they can decide what goes up on it and what doesn't. the government can't engage in this kind of censorship, but twitter can. the remedy is to talk about it, bash them for it or wealthy people like you put their money together and start a new one. stuart: wait a second, the twitters and facebooks of this world, they've got a virtual monopoly on what's fed to us, the consumer. >> correct. stuart: if they're censoring stuff, we don't have much of a comeback. >> we don't unless we want to s.t.a.r.t. a new -- start a new platform. like whoever heard of uber four years ago? you can start a huge platform in a short period of time. stuart: is that what we want though really? platforms that are politically segregated? >> it's really the only remedy. i will tell you what would be worse, in my view, than this censorship by twitter. government regulation of this bull p tin board. -- bulletin board. that would be worse. surely you are not calling for that, mr. varney, because we do have a constitution on this side of the atlantic. stuart: listen to ashley. he's got a good question. >> well, there's two issues here. the ad was actually going to be paid for by the blackburn campaign, that's where they had a problem. she could put the same ad, which she did, on her own account and beg everyone to retweet it. so it's two different issues. >> yeah. >> one being paid for, one by yourself. stuart: well done, sir. >> they would permit it under one circumstance and not under another? >> yeah. >> they can do it. i condemn their censorship, but under the law, they can do it. >> the exchange of money make any difference in that? >> shouldn't. stuart: ah, you lawyers. [laughter] [inaudible conversations] >> why don't you rich guys get together and start a new platform. stuart: time's up. [laughter] napolitano, i think you're all right. now, hold on, check this out. live feed from the international space station, no less, two astronauts on a spacewalk. can you see them right there? they're adding a hand, so to speak, to the space station's robotic arm. >> is that ?real. [laughter] stuart: it's real. there are several new hi-def video cameras to the exterior of the space station. this is expected to last six and a half hours. big shake-up at dunkin' donuts getting rid of two dozen -- >> no, about a dozen. stuart: i'm sorry, a mere one dozen. [laughter] they're dropping the word donuts from some of the stores, can you believe that? what do they want, they're going to be a coffee company or something? i believe that's an all-time high for the stock. back to the wildfires, california's wine country. the extempt of damage not -- extent of damage not yet known. california sells $34 billion worth of wine a year. we've got a live report from the scene moments from now. and president trump feuding with members of the republican party. former white house strategist steve bannon going after the gop establishment. what does this all mean for the president's agenda? basically tax cuts? we'll deal with it next. ♪ ♪ ♪ >> i'm nicole petallides with your fox business brief. taking a look at dow component walmart. stock's moving higher today. in fact, the highest level in more than two years right now at 84.05 to a high of 84.46. one, they announced a share buyback, $20 billion, which they will now have that done over the next couple of years. and also gave a very positive forecast, a forecast that online sales for the year 2019 will rise about 40%. and in order to take on amazon and whole foods, they also said that they expect to add a thousand online grocery locations in the united states. walmart has been a winner on the dow and continues to spend more on doughnuts. you might want to know more about that. keep it here on "varney & company." ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone ♪ can i kick it? ♪ to all the people who can quest like a tribe does... ♪ the bathroom. when things go wrong here, you remember. quilted northern is designed to work so well, you can forget your bathroom trips. but little miss puffytail can never forget. "the only thing worse than having such large ears, is having such large eyes." stuart: can you tell us about the damage? >> reporter: we don't know the exact ones, there are six that have been destroyed or damaged. there's a lot of wineries here, but there's a lot of other industries that play off of this. couple of things. one, the country club is where they had the safeway opened, the festivities ended about two hours before the fire blew through there. a significant number of homes burned down, some of them are very high-end. and the industry here of -- this is the busiest time of year for tourism, so the hotels are shut down, the wineries are shut down, the restaurants shut down, and you got grapes hanging on the vines. livelihood is most important, some of these grapes are $5,000 a ton, you may be having $100,000 sitting out there right now and you're hoping you can get them picked at some point, stuart. stuart: politics and money. it's natural disaster and money coinsiding here, natural -- coinciding here. adam housley in the middle of it, thank you very much, indeed. see you soon. larry elder is with us, nationally syndicated radio host: you're based in california. there's no politics in this, in these wildfires. this is just a natural disaster. no politics, period, right? >> well, yes and no. our pension liabilities are so high now that they're beginning to crowd out social services, and more and more cities are going to be spending less money on teachers, less money on police, less money on firefighters until we get our act together. i'm not saying it's happened yet, but down the road that price to pay will be social services getting cut while government feeds more and more money into the pension system here in california. stuart: okay, president trump is struggling to get republicans onboard with his full agenda. >> right. stuart: you know the story there. now white house chief strategist, former chief strategist steve bannon, he says he wants to take out the republican establishment. hold on a second, larry, let yor viewers listen to this. roll tape. >> when you want to talk about why there's no repeal or replace, why there's no tax reform, no infrastructure bill, you saw it right there. corker -- mcconnell and corker and the entire clique, establishment globalist clique on capitol hill have to go. stuart: all right, larry, whose side are you on here? >> well, i'm a steve bannon fan, but the real, the real deal here is, ultimately, we get the government that we want. and the fact is republicans don't agree. you have part republicans that really do want to repeal and want free markets like the freedom caucus. you have some republicans who want to tinker with the outlines of obamacare, keeping the infrastructure pretty much there. and you even have some republicans that feel, frankly, it should go even further. i mean, honestly, the republicans don't agree on health care because the american people don't agree on health care. they're all over the place. some americans want obamacare to go even further, some americans want a single payer, and some want the system the way it really is. americans -- again, half the country believes there's a free lunch and that the other half is stopping them from eating it, that's the problem. wait, 25 years ago, stuart, would you have believed that the american people would have put up with being compelled to buy a product, health insurance, whether they want to, whether they need it or can afford it? would you believe 25 years ago that a majority of democrats have a positive view of socialism? that's where we are right now, and that's why bannon is so frustrated and trump is so frustrated, because republicans don't agree, americans don't agree. stuart: yes, but would you ever believe where we would come to the point where it is in doubt that there are 50 votes in the republican senate for cutting taxes? and yet that's the position we're in. i doubt that they've got those 50 votes. last word to you. >> no, they've got the votes for tax cuts, they've got the votes to cut the corporate tax rai. even obama said the corporate tax rate was too high, so at least there's consensus there. the other problem will be the deductions for state and local taxes, that's where the rub is going to be. there's no disagreement that americans are overtaxed and republicans agree americans are overtaxed, it's just a question of how we're going to get there. stuart: all right, larry, you've had your stay say. i thought you might move the market down. >> the market's always up. america's always up. america goes forward. we are always going up. and for young people, invest in the stock market, invest in your future. if you don't do that, you are being foolish. stuart: financial analyst larry elder coming through for us. all right, larry, thank you very much indeed, sir. we appreciate it. next case, l.a., miami, are san francisco, three very expensive cities to live in, and you have to work a lot of hours to afford to live there. we'll give you the big number, how many hours you've got to work, next. ♪ ♪ you know who likes to be in control? 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(ch(baby crying)eat) ♪ fly me to the moon ♪ and let me play-- (jet engine white noise) (airline "ding") (bell mnemonic) approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. unitedhealthcare insurance company has over thirty years experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you. these are the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. remember, medicare doesn't cover everything. the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ stuart: well, how about this? the average person needs to work 1 to00 hours -- 100 hours per week to pay for a home in los angeles, miami or san francisco. los angeles, it takes 312 hours -- 112; miami 109, san francisco, 107. peter kiernan, we all know it's expensive there, and they're comparing it to the average hours worked by americans? >> i don't understand the analysis because, frankly, those are expensive cities to live in as is new york. what you're seeing, on the other hand, is we're becoming a nation of cities, more and more people are moving to cities. so we have to find a way to make them affordable. that's the challenge to people who are running the cities. many of them, by the way, are are run by democrats, many of the big cities, and how are they doing? not so well. >> it's all about standard of living. just work past wednesday lunch. time in memphis and toledo, you've paid for your mortgage. unless you worked 100 hours in l.a. based on the average median wage and on what -- stuart: i'm just not convinced. it's apples and oranges. >> you're right. stuart: you earn a great deal more if you live in san francisco than if you live in memphis, tennessee. >> that's true. it's still unaffordable in san francisco. stuart: well, it's not, is it? >> you think everyone can afford the a house -- stuart: not everybody can, but if you work in san francisco, you can afford to live there. people choose to. what's wrong with you? >> nothing. stuart: come on. >> boy, i love to see two brits fighting. [laughter] stuart: two british accepts, this is a difference -- accents. we are americans. >> we are, indeed. stuart: there'll be more "varney" after this. ♪ . . . . stuart: breaking news from the white house. after the meeting between president trump and henry kissinger, a couple of points. here we go. mr. trump says he does not think that his dispute with senator bob corker will affect tax reform. number two, the president says he will adjust the tax plan next few weeks to make it stronger. expecting tape from the white house any moment. meanwhile walmart is carrying the dow to 30 point feign. walmart is up 4 1/2%. what is the big deal, pete officer. >> they're throwing 3% and claiming online business will be growing 40% next few years. stuart: 40%? liz: 20 billion-dollar buyback stock. stuart: up she goes. 4% gain. accounts for much of the gain for the dow industrials. walmart is a dow stock. our time is up. neil cavuto, sir, it is yours. neil: thank you very much. we've been monitoring what the president is saying in the session with henry kissinger. a pool spray is coming shortly. whatever nasty tweets he has said about the outgoes tennessee senator it will not hurt tax cuts. a lot of other people are not so sure. blake burman on how the administration is handling all of this. blake? reporter: my colleagues, everybody here is starting to scurry. we'll hear from the president next two minutes, comments inside of the oval office. here is what he can tell you, speaking to people not only involved with this administration but also on capitol hill as it relates to the comments, now very public spat back and forth between the president and bob corker.

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