Dennis hastert was being blackmailed. He paid hundreds of thousands in hush money and the feds found out his church is blinded found out he charged that line about illicit payments to coverup misconduct that apparently occurred before his political career began. Straight out of the can you believe this file. The irs paid 2. 3 billion in bogus refunds. Neverland, Michael Jacksons estate in california up for sale for 100 million. Varney co. Is about to begin. Im not going to sing it, but we are indeed moving. I wanted to sing, but they wouldnt let me. We are moving to prime real estate in the Financial News business. That would be the 9 00 hour, 10 00 hour and 11 00 hour. Three whole hours we start at 9 00 a. M. Monday june 1st. The same gray show and i really hope you will be there with us. Lets get going. What a time to hold an election. In the middle of a massive bribery scandal, the soccer governing body is right now voting for president. The current are expected to keep the job despite it all. If he wins the europeans say they pull out of the 2018 world cup even ashley they are not going to be happy but he will get a fifth term and it will be what happens at the 2018 world cup. Stuart do you think the odds are it leaves russia . Ashley not in charge. Unless the russians approve of them bribing. Shrimp or if he is forced up for some reason the 2018 world cup moves . Ashley possibly. Stuart i say the odds are the Qatar World Cup could come to the u. S. Lets leave it at that. Ice is claiming responsibility for two coordinated suicide attacks outside to Luxury Hotels in baghdad. The car bombs exploded minutes apart. 15 people reported dead dozens wounded. This is destabilization. Thats the strategy right in the middle of the iraqi capital. More on this coming up. Now i look at the big award. We are down 135 points as we speak. The backdrop to the downturn to the market a shocking. It is shrinking. Gdp down as an annual rate of. 7 this year. In chicago, i know youre on camera right now. In chicago theyve reported a manufacturing recession level. In wisconsin milwaukee wisconsin, recession levels coming for the overall economy. We are not in recession yet. We are vulnerable to it stuart. Set the single quarter aside. The Bigger Picture as we are growing a stall speed at 2 . We grow 2 because of the choices that the Administration Made in the Federal Reserve made. Stuart i say the policy problem. It is. Again we couldve chosen to recover from this recession by letting the market heal. Instead, the Administration Spent more than 800 alien dollars. The Federal Reserve misallocated capital. We had regulators they had regulators they dont want to mostly tell you to land. By the way, we will extort money. Consumers are afraid to spend time entrepreneurs are afraid to take risks. Stuart we have this from the white house. Harsh Winter Weather consumer saving the windfall from lower oil prices. I might also add that penny pritzker, the billionaire commerce secretary said the gdp numbers were pretty good. Stewart, we have winter every year. A bad winter wouldnt matter for growing at normal levels after the recession we did have. In terms of the strong dollar, that is a problem for u. S. Exporters but not for the Global Economy is growing. We have been tagging along the Global Economy. Stuart watch out for the june swoon. Partner in singapore esque average capital is here. Troy with an economy like this it is not a bad reason to sell in may and watch out for the june swoon. Last year 100 . It was extremely low. We get nothing to take risk. We dont think its unequivocal that the answer is no. Stuart no you dont sell . You hold stocks . There is no catalyst. Violations are more reasonable right now. Risk premium or lover and if you look at the fed Going Forward it will be very calm and comforting to market. Stuart are you kidding me . You arent worried about this . Of course we are worried. Stuart 5 in the fall, 2 in the winter and now we are contracting. Its an ugly trend line. Last january, less fierce quarter was even worse. We agree 100 the policy choices are contributing to Slower Growth than we should have. 100 correct. The strength of the fundamental economy is improving every year. The consumers in much better shape. He saw personally significantly. America is struggling from the strong dollar. No doubt about it. But the government is no longer stuart you know you almost got the buzzer. You said q. E3. You said that. Kiwi ended. You dont ever say that. There is the buzzer. Stuart troy, seriously, thank you for being with us. Hold on to stocks for the summer. We hear you and were listening to you. Check out the big board. It is a weak market with 131 points now. We dropped below this morning 18,000. Look at disney for a second. They are talking about thinking about using search pricing. Raising prices of popular times for thing parks. Why are you laughing . I think thats great. Stuart how many kids do you have . I want to know how much warning i have. If i come with my six kids and nine grandchildren. Look at game stop, please. It is making money. A big deal for bricks and mortar operation. It goes up 7 . We are sure the oil and price of gas. If you imported oil gasoline 2. 73 nationwide. And now this. Former House SpeakerDennis Hastert has been indicted by a federal grand jury for hiding payment to an apparent blackmailer. Ashley the indictment talks about hastert and things we dont know. A list by misconduct in a period of time when Dennis Hastert was a High School Teacher wrestling coach in suburban chicago. He agreed to pay 3. 5 million. He never pay the whole amount. The two counts in the indictment try to circumvent banking regulation by many under 10,000 in line to the fbi why he was doing it. What we dont knows the circumstances around prior misconduct. We dont know what that means. Stuart we dont know what the person was. We dont know any of that. If there was misconduct, it took place before he was speaker of the house. We also know he was a populist maker. Ashley he was. Eight years. Big spender. Stuart after newt gingrich. Newt gingrich had been a thorny kind of guy. A pork barrel are. Stuart you think . Other Great Stories today. Lauren has been in case you missed them. Hello. Hi everybody. Google expanding further into Virtual Reality unveiling the Second Generation card word. A cheap way customers can use their android for ios funds to watch videos in 3d. It has lenses magnet and we will demonstrate how it works on site in the next hour. Google will do is go pro to make a fancy virtualreality recorder called jump. We will show you the shares when they come out. I can make it up if you want. They have a new option and that is sameday delivery. It is free. The services here in l. A. Tampa and others. Spend 35 place your order by noon and take your items that evening by 9 00 p. M. A lot of competition because we want things right now. Finally, you can buy this. Michael jackson 2700acre california ranch called neverland. Priced at 100 million. The late pop star paid 19. 5 million in 1997 and defaulted on the loan. This house is still filled with Amusement Rides and animals. Asked about is gone. I think the llama still exists. The printing is now. The elephant is now. Stuart most of it is now. All right, lauren. Thank you very much indeed. You are not impressed with mjs house. Stuart controversial protest in phoenix. Another mohammed cartoon contest will behold held after evening prayer. A 13yearold young lady and a 14yearold young man. Both of them have very long games. The two winning words Schoen Schmidt and noon attack. The second year in the wrote the title will be shared. The correct. Stuart the chairman of walgreen said president obama targeted the company for a movie not for tax purposes. That is when he was trying to buy line. Is exactly what the chairman said. The Obama Administration and jack luo taken the opportunity to select in a company even thinking about converting and using them as a whipping boy to further their agenda. Transfer with the company is saying is they were unfairly picked on pb became the poster child for socalled tax conversions whereby a company and its headquarters to get it lower Corporate Tax rate. They never even took a vote on the issue. It is kicked around but it wasnt done. He Obama Administration really picked him walgreens as a prime example of the corporation trying to game the system. When in reality its not illegal and maybe say they should change the tax rate. To slower the worlds highest Corporate Tax rate 35 . Job wood timers in antimuslim activists. He plans the mohammed contest outside the Community Center in phoenix. This is with the texas gunmen were members referred they were shot dead may 3rd. Wertheimer has urged those attending to bring guns. He said the bikers will be on hand of security. He was city jazz at who appears frequently on this program on this kind of issue. This is clearly provocative. Do you think mr. Bruckheimer is going too far . I really do. As a marine he would be smarter about what the strategy is. The demonstration was done on an assembly facility. It wasnt done near a mosque for its summer with kids attending weekly prayers. These are not the enemy. If anything, what he is doing is creating an environment and this is someones mind antijihadist. He wants to declare war against a quarter of the worlds population is somehow that is supposed to be it. He is feeding into the narrative of isis. It has had radicalization issues that needs reform. My fear is that people would drive a thousand miles the soviet magnet for some crazy a fifth member to come and do some rain. Stuart i dont want to play devils advocate, but maybe mr. Bruckheimer is try not be islamic extremists that they can be identified. It will presumably raise the chatter level on the internet from presumed followers of isis so perhaps they can identify them more easily. Stewart, linda had a radical it can islam we dated a patriot square. We didnt do it in front of families worshiping that are the best asset. Number two, pulling two playing on a few cockroaches is not a strategy against the whole jungle of millions of muslims that followed the ideology of political islam were allies by the other hundreds of millions against political islam especially the american muslim are the ones and not mosque the pushback against the militants and our organization had a number out and spoke to the media about how mr. Simpson got radicalized. This individual is wearing tshirts and other things that make our members repel from what hes doing and feeds into the narrative america is antiislam which it is not. Stuart i am going to use one more argument. The right to free speech is a right and if that right is not frequently exercise, and atrophies back muscles which are not used frequently. As you apply the same argument to freedom of speech and therefore be in favor of what mr. Wertheimer is doing . Im in favor of giving people the space to do it. No doubt his speech was protected and it was protected and it should be places in society where you can wear tshirts that have profanity. Im a little saddened there is this much Media Attention because it creates a narrative about america that we need free speech to counter the core doctrines of political islam interpreted from acheron and theology that needs reform. He should know better than anyone in iraq how big the problem is. He is not solving it by exercising this example of free speech. Ziggy jasper, frequent guest on this program. Thank you for coming. Appreciate it. Why pick up the phone when you call for help. You know what theyll do . Send out billions of dollars worth of bogus refund checks. Usaa makes me feel like im a car buying expert in no time at all. There was no stress. It was in and out. If i buy a car through usaa, i know im getting a fair price. We realized, okay, this not only could be convenient we could save a lot of money. I was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. And it was just easy. Usaa, they just really make sure that youre well taken care of. Usaa car buying service. Powered by truecar. Online and on the usaa app. You total your brand new car. Nobodys hurt,but there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do, drive threequarters of a car . Now if you had a Liberty Mutual new car replacement, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. New car replacement is just one of the features that come standard with a base Liberty Mutual policy. And for drivers with accident forgivness,rates wont go up due to your first accident. Learn more by calling switch to Liberty Mutual and you can save up to 423. For a free quote today,call Liberty Mutual insurance at see Car Insurance in a whole new light. Liberty mutual insurance. Stuart this coming across the wire. The list of state sponsors of terrorism appears away for restoring diplomatic relations with havana and reopening embassies in cuba are removed from the list of state sponsors of terror. Look at amazon getting rid of the lineup of private label brand to include grocery items such as milk cereal, baby food household cleaners. Would you buy at amazon brand milk for example . That is what is coming your way and the stock is up a little bit. Three stories for you. 14 years in the making. The World Trade Center opens this weekend. Well take you there live next hour. 3000 yearold artifacts going up for sale. Literally pieces of very ancient history. The auction block. Onsite at 11 50 this morning. Later lamborghini coming out with a brandnew suv. Do you think anybody will ever take it off road . 200,000 bucks a pop never goes off road. Another number for you. The governments watchdog says the irs paid out more than 2 billion in refunds of what may have been fake return in 2012. Heres the good news. 2 billion in 2012. It was 5 billion in 2010. Ashley we should pat them on the back. Great job, guys. The irs says its trying to limit the number of fraudulent checks going to the same physical address. How hard can it be to stop that . One single address in lithuania got 665 tax refunds. 343 went 21 address in shanghai. Do you think someone wouldve said wait a minute, this doesnt seem right. How many checks went to this address . Simple. And we pay for all of this. Stuart and then we have the chinese building artificial islands putting weapons on them. Next john starrs soul has a message for recent college grads. Your degree is it worth it. He will make his case. You are looking at two airplane fuel gauges. Can you spot the difference . No . You cant see that . Alright, lets take a look. The one on the right just used 1 less fuel than the one on the left. Now, to an airline a 1 difference could save enough fuel to power hundreds of flights around the world. Hey, look at that. Pyramids. So you see, two things that are exactly the same have never been more different. Ge software. Get connected. Get insights. Get optimized. The Technology Changes the design evolves the engineering advances. But the passion to drive a mercedesbenz is something that is common. To every generation of enthusiast. The 2015 dream machines, from mercedesbenz. Todays icons. Tomorrows legends. Visit the dream machine event today for up to 3,500 towards purchase. All right check that big board were down 155 points, two actually three reports of true economic weakness not helping the stock market this morning down. 8 . Hovering around 60 a barrel. Gasoline Still Holding at 2. 73 a gallon. That is nationwide average. Cheap zest still a buck 97 across in texas. All right. New surveillance photos show china is building up artificial islands building them stockpiling with weapons. Defense secretary Ashton Carter warning to stop this buildup and u. S. Will keep patrolling despite china objections. Roll tape. No mistake should be no mistake about this. The United States will fly, sail, and operate wherever International Law allows. With more on this is form earl ambassador to United Nations john bolton. Do you think our response to china is sufficiently strong . No, not all all willfully inadequate what china is trying to do is here is tack what are International Waters in South China Sea turn into a chinese lake. Important for two reasons to give them control over the oil and gas and other Mineral Assets under water and seconds every barrel of oil that goes to japan, south korea, taiwan from middle east goes through South China Sea so hands around throats of those economies. Another challenge to president obamas stature in fact world in americas stature. And the response is has simply been rhetoric up until now and conflicting claims and the u. S. Position simply has been lets have a peaceful negotiation to resolve the claims. China is, obviously not waiting around for peace powerful negotiations. They are taking the territory reports today of weapons being scene on these that theyre filling in. Theyre creating facts on the ground. Didnt they put