Transcripts For FBC Varney Company 20170424

The polls suggests that macron win and europe avoids financial chaos. Its worth remembering that the polls and the market watchers were wrong with brexit, wrong with donald trump, but no question the election in france paf paved the way for this mornings very Big Stock Market rally. Another reason, President Trumps pledge to real a massive tax cut this week. Hes challenging the Republican Party, get it done. In a moment youll see politics and money come together with that big rally and youre going to like it. Varney company is about to begin. Well, there you have it, the riotest, left wing rioters after the first round of the elections were made no, windows smashed, pepper spray, et cetera, et cetera. Because the right wing and centrist candidates won yesterdays preliminary vote and go to the final on may 7th. The left doesnt like it. Traditionally they riot, thats what they did. The numbers, centrist Emmanuel Macron won 23 with candidate Marine Le Pen not that far behind 21 . Just as important, a poll conducted right after the Election Results were known as macron beating le pen handily in the second round, 63 to 37 . Again we are going to point out the polls were wrong about brexit, wrong about trump, but thats a big lead that macron has. Green arrows across the board here, dow is up 200. S p up 25. The nasdaq maybe a 60point gain there. Look at big Name Technology stocks and we follow them very, very closely because they go straight up and they will go straight up again this morning at opening bell. Open up your 401 k , youre going to like it, theres a big rally coming. Im staying on the markets and economics with tenured economics professor peter morici with us now. Is it is that simple, the market believes that europe dodged a bullet and financial chaos and the market is up, is that whats happening . The Financial Markets like stability and like the euro and like macron. Le pen has a lot of ground to make up. And theres a lot of ground to make up. Two weeks is a short time to close that distance. Stuart we call him a centrist, macron, but hes a former investment banker, i think, and i think hes calling for cuts in business taxes. So the man is i will call him center right, i guess is something to cheer about in a French Election. Center right in europe is tough to be, and i think thats where you put him. You have to remember that, you know, france, like so many other places is terribly high taxes and interventionist government and to even talking about cutting taxes is really a positive thing for the french economy. They need Less Government and need more people. Stuart okay. Lets talk about what President Trump said late shall late, late last week, were going to get tax reform. Roll tape. Well have an announcement with regard to tax reform, the process began long ago, but wednesday. Thank you very much, everybody. Stuart all right, peter. I think that that is a message to the Republican Party, hey, get it done. What say you . That is a message to the Republican Party. But trump has to be honest. For every 100 billion dollars he cuts taxes hes going to get some growth, maybe an additional 60 billion dollars in gdp, 100 billion dollars, hes not going to get enough additional growth to make up the whole tax cut. He has to admit that this will increase the deficits if he is indeed really cutting taxes. If its not revenue neutral. If its revenue neutral, its going to be tough to make it pro business. Stuart what about the idea, maybe this is my idea, that the president focuses on a narrow tax cut for corporations, and a cut in the tax rate paid by corporations bringing money back from overseas, and the tax revenue going to infrastructure . It sounds complicated, but those the most simple and i think the most doable of all the tax plans. Again, what say you, peter . Its a very doable plan and i think we could do a lot inside of that by simplifying the Corporate Tax system to get the top rate down. To do that he needs either border tax adjustments or to accept a bigger deficit. Thats one thing. The second thing, hes got to do something for the limited Liability Corporations because so many taxes are paid through there. He has to lower their top rate. All of that creates a bullseye for democrats, and its difficult to get democratic vote. It expires after ten years, if he doesnt get a majority 60 votes in the senate. If he doesnt get reconciliation, it would be bush tax cuts and i would hate to see him do something that sunsets. If we talk about Corporate Taxes one thing i agree with with gary cohn, it has to be permanent to have an effect and impact. Stuart ive got 20 seconds left. Handicap it for me. Do you think we get any kind of tax cut this year . Better than even chance for some kind of tax cut. Stuart got it. I think the market will like that. Peter morici, thank you very much, well see you soon. Take care. Stuart and there when President Trump made that announcement and Congress Woman is with me right now. Its nice to be on. Stuart you know what he is coming. I think that President Trump said clearly to the Republican Party, like yourself, get it done. Did you get that sense . I did. And i am just a huge fan of getting it done, as a Small Business owner and someone who serves on the Financial Services committee. We need to have tax reform. Obviously, we had a miss with health care which well revisit later, but weve got to get tax reform done. One thing that could probably save and help our Small Business communities, especially in where i live in upstate new york. Stuart as ainsidein the Republican Party, thats what you are. Youre a republican Congress Woman. You were inside the white house. I clawed my way to get here. As an insider, you tell me, is the Republican Party ready to unite and govern . Lets hope so. Stuart is it . You want me to talk for the Freedom Caucus and the tuesday group and the i want you to talk to the Republican Party. Myself as a Business Owner and solid conservative from new york, we must get together and do tax reform. I havent heard anyone against it, as you mentioned in reference to your prior segment, there are people concerned about the border adjustment. Im manufacturer, its relying on Currency Exchange rates and that happening, but i think that we need to get whatever we can get done through the house and go through the process in the senate. The senate is the issue. And from the house, i think we could get it resolved. Stuart could we get a focused deal through, you cut the Corporate Tax rate, you cut the rate of tax people bringing money back to america and spend the tax revenue on infrastructure . I think thats very doable in the house and the question is getting it through the senate. I think that tax cuts are something thats proven to work. And ill ll say its up to the democrats to get it done in the senate. Stuart if you just got it done in the house, that would be a win. You know, republicans need to have a long game. We need to have incremental change. We need to have policies that we can pass, you know, oneono oneonone. Theyre so worried about hitting a home run. Im looking at hitting a few shortterm balls right now. Stuart the analogy works any way you slice it. I understand that the president was trying to get on your good side, you in particular. He called your son, who is a marine before the meeting, is that correct . Yes, we will, actually i was hoping to get just an autograph from him and senator purdue said to the president , hey, congresswoman tenneys son is in the marine corps and deploying to the middle east, could she have an autograph . He said sure and he wrote a note on my stationary. And he turned to me, can i call him . And i texted and i said, would you take a call from potus . And it was a beautiful moment where you could see the president was very warm, he shows his care for our troops. My son was thrilled. Okay. Oh, come on. Stuart he was buttering you up. Im not sure about that. I came from my district is a trump district. I think that he has demonstrated, the president , his care for our troops and importance of our military and i think this just showed a warmth in him and i think the conversation was really sweet and my son was very excited about it and hes it was a great moment. I think youre trying youre being cynical, stuart. Stuart moi . As we talk about the French Elections and you speak french to me now. Stuart about 20 seconds left. You handicap it for me. What are the chances of a tax cut of some sort this year . Absolutely, its going to happen. Stuart okay. Youre going to hold me to that. Stuart april the 24th, just after 9 00 eastern time a. M. Yeah, i think we will have a tax cut this year. Id like to see a personal income tax cut because so many Small Businesses like mine use the personal tax. Stuart thank you. Check the futures, well keep an eye on this. Why not . Up almost 200 points at the opening bell. Now this, nancy pelosi calls the border wall immoral, says its a sign of President Trumps weakness, saying president obama didnt need a wall. And ann coulter, ready to sue the school if the speech is canceled. Judge napolitano. Dont miss foxs lineup. Tucker carlson 8 p. M. Eastern, the five 9 p. M. Eastern. More varney after this. Whoa, this thing is crazy. I just had to push one button to join. Its like im in the office with you, even though im here. Its almost like the Virtual Reality of business communications. No, its reality. Intuitive one touch Video Conferencing is a reality. And now its included at no additional cost with vonage business. Call now and see why 3,000 companies a month are switching to vonage. Business grade. People friendly. 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Whether for big meetings or little getaways, member alwaysave me atolidayinn. Com some individual stocks are making news and making big gains this morning. Thats hasbro, helped by demand of video games. Remember, of course, they also make transformers and nerf toys doing well. The stocks are up. And a drilling activity in north america that helps halliburtons bottom line, 47 a share right there. Over the weekend more sabre rattling from north korea. What do they say theyre going to do . Theyre ramping up the rhetoric, they say theyre ready to sink a u. S. Aircraft carrier with one strike. And they do missile testing korea is on high alert. Stuart the price of gold is 17. That implies that theyre not taking the north korean threat that seriously, realistic. Berkeley students, some threaten to sue the university if ann coulter isnt allowed to speak on thursday, the day she was supposed to speak and the day she wants speak. Get this, too, antiisrael activist will speak at City University of new york on graduation day. All rise, judge napolitano is here. Im shaking my head. Stuart what a contradiction. We shouldnt be surprised that academia will not further their ideals, supposed ideals, left wing propaganda rather than figure of speech. And kuny, city of new york, and berkeley owned by the state of california so theyre regulated by the constitution, but the Supreme Court has said, as inexplicable as this sounds, government has the freedom of speech. Government, even though this end of government is controlled by left wing academia, can decide how it wants to spend its money and what speakers it wants to put on. I dont believe the students have a cause of action because berkeley can decide who to put on. Ann coulter has a cause of action because she had a contractual relationship. Its contractual with government, regulated by the First Amendment which has a duty and obligation to protect her right to speak and the right of the students to hear her. Stuart university at berkeley, they want ann coulter to speak on may 2nd, not on this thursday when ann coulter was due to speak. They said, okay, you can speak on may 2nd. If she fronts up on may 2nd, theyve got a choice, they can support free speech and protect her or they can go against free speech and arrest her. How could they arrest her . They could arrest her on thursday and she turns up and thats not the day shes supposed to speak. Sheante arrested to show up to speak on public property nor for the conflagration of the words, and the heckler decides to make noise in combination, theyre effectively the right of the veto to speak. And the Supreme Court ruled you cant blame the speaker of what the hecklers do. We have a very difficult problem on our hands by a fundamental misunderstanding of freedom of speech on the part of the government. When the government engages a speaker, the government has a duty to protect that speakers right to speak and the listeners rights to hear what they have to say. Stuart do you know that Bernie Sanders has come out and said that ann coulter should be allowed to speak and point of view. Bernie is good on Civil Liberties and excellent on the freedom of speech and suffered at the hands of hecklers who tried to silence him. The purpose of the First Amendment, to allow and protect the intercourse of ideas no matter how harshly they may much express. Intercourse of ideas leads to truth, illumination and people to help think for themselves. Stuart these truths are sel selfevident. You thought it was a traitor, it was thomas jefferson. Stuart i have to on. Someone told a 11yearold ago, about the president. And s p, nasdaq, way up. More varney after why dont we take another look at futures . Because were going to go straight up at the opening bell. Thats something good on a monday morning. Why . Why is the market going up so much . Because the centrist in the French Election, Emmanuel Macron, looks to be the eventual winner, avoiding financial chaos in europe. Keith fitz joins us, keith fitzgerald. The polls were wrong on brexit and donald trump here. Do you think they could be wrong on the electn inrance as well . Well, thats always the question here, what i find interesting here. And macron is a centrist and thats not a term you hear often. What the markets tell they didnt get the extreme leftright and thats good for your money. Stuart im sorry, liz is coming into this for a second. Liz hi, keith. Stuart good morning, elizabeth. Liz good morning. Stuart youve got numbers from macron, he wants to spend a ton of money, he doesnt want austerity. Liz he wants a fund, he wants to push back on the imf, which is trying to restrict spending and help to bail out entire countries, like greece and sec force in the eu. Stuart and thats why this market is up, keith. Bingo, because, you know, if you take away the punch bowl before the party is started youll have a bad party. What he says, hey, we didnt have enough punch, lets go all the way to the races on this. Thats bad, as we know for capitalism, but good for the markets right now. Stuart it is. And watch the fabulous five go as well. And keith, stay with us, well be covering the opening of the market in just a moment and that market will go straight up. 190 up for the dow, 23 the s p, that, ladies and gentlemen, is a rally. Hope you can stick around and watch it unfold. I use whats already inside me to reach my goals. So i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. 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The futures indexes were looking towards a gain of 190, maybe 200 points and now we are off and running and right from the getgo youre up 184 points. Yeah, 197, 200 points up. That is a rally. I would expect youre going to see 28, 29 of the dow 30 going green. It looks like were going to be all green in the early going at least, up 215, 214 points, over 1 , an extraordinarily solid rally on a monday morning. This is about the French Election. Well get into that in just a moment. Do take a look at the price of cold. Its down significantly, 18 down this morning. Apparently the market is not worried about north koreas sabre rattling all over again. No impact on gold, in fact, its down 18 bucks. Theres lots of green arrows for the big Name Technology stocks, we always focus on them because theyre the ones moving so much. Look at them go. Facebook is at nearly 145. That, i believe, is a new high. Its a new high for the nasdaq composite overall, the Technology Index overall. New high there. Amazons up 9 at 9. 08. Look at microsoft go, 67. 47. I think thats an intraday high. Google is up, 867 and apple higher at 143 and change. Its an upside market on a monday morning. Liz macdonald is here and so, too, Scott Shellady and keith fitzgerald. Scott, i think this is a reaction to the French Election. It looks like macron, the centrist, will win and the markets are happy. What say you . Its a little bit of a relief rally, yes. I have to kind of dampen down the expectations and excitement. We had some ppis and cpis that missed. Chicago fed that missed and we have our problems at home. Its a temporary for the relief market and i tell you right now, Marine Le Pen is not going away even if she does lose in two weeks time. Yes, the markets are happy, but i think its shortlived. Stuart keith, what do you say . And scott says its shortlived. What say you . I think that scott is right. Youve got to talk whether youre a trader or investor. From a path of least resistance is higher i think its going to burn off in a day or two and rebalance. Stuart throughout the program youre going to see stocks quoted on the screen. When you get an upside market, people want to know whats happening with this stock, with that stock, well be showing you. Youll see an awful lot of stocks throughout the program, especially what we call the fabulous five. So much money has gone into those Companies Like microsoft. The trumpets for me, ive got a little piece of microsoft. Its up. Watch facebook, watch amazon, watch google, all the rest of them go. An extraordinary day, a rally and a half, up 207. I think theres another reason why the market is up, that is that President Trump, who late last week said, watch out, ive got a big tax reform announcement, tax cut announcement coming on wednesday. I think that helps the market. Keith fitz, what are you expecting from this announcement . I tell you what, the personal portion of me wants to expect g things from this. I would ve to see r tax rate come in line and love to see money come home and corporations have incentive to do that, however, im also c callus enough that the risk of no action. Liz dont you love it how Congress Went on recess for the spring and coming back tomorrow. Were facing a government shutdown. And if were facing a government shutdown, what did you go on recess for. Do they have the impetus for tax reform or even tax cuts. Stuart more on the screen, an upside move. Its fun to look at your stocks and see if theyre making money for you. Grown arrows across the big tech names, facebook 144. Amazon up another 8 bucks now, microsoft 67. Alphabet, apple, all of them on the upside. Theyve made enormous gains since the election. Microsoft and facebook on your screen, both of them alltime highs. Keith, same old same old question. Are they too expensive for new investor to get into the five big stocks now . Oh, i dont think so. Theyre the fabulous five for a reason here, stuart. If youve got the right perspective. This is something that most people dont think about. Its hard to go wrong with many of the companies, its easy to go wrong with fly by nights. If youre an investor and youre looking at the world technology, thats an unstoppable trend with millions behind it. What do you say, Scott Shellady . Any of the big five, all of them too expensive for a new investor to get into . Well, if youve got a granny that died and leaves you 5 million, i wouldnt take all of it today and put it into all of those stocks. I would piece it in over time because thats going to give you a better price average and youre not going to have as much risk and those are much better and the place to be rather than the snaps ofhe world. Ultimately at e end of the day theyll ouace and lead the economy forward. I dont think theyre going to lead, but theyre going to shape the economy so i like being in those stocks. Look at the stocks on the lefthand side of the screen, all stocks within the dow 30, all are dow stocks and theyre spread across the board. Mcdonald mcdonalds, home depot, united, different companies, not hightech, all of them at all time record highs as of right now. And get back to apple for a second. Iphone cornership is reportedly at an alltime high within the United States and the stock is an alltime high as well. Let me go back to keith im sorry, i want more details on iphone ownership, liz. Liz old iphone ownership. Theres 70 million old iphones out there, iphone 5s or 60 6s calling it the biggest potential boost to iphone 8s so that could put a floor under the iphone sales. Stuart did i see an analyst suggest they would sell 250 million iphones, 2018 . Yes, depends on the pricing. They have to price it so the market can buy a quarter billion. Stuart are they back in innovation business, apple . [laughter] boy, you know, i think theyre back in the financing business because the average american has a hard time writing the 500 check. Somebodys going to finance it, 250 million phones you cant shake a stick at that, its amazing. Stuart by the way, apple and microsoft combined have 300 billion in cash, Scott Shellady does that take your breath away . Yes, it does. And for the naysayers, it took a good lesson in life, the trickle down effect works. Here we go. Stuart trickle down efft works, thats an expression to conjure with. And the board, up 190 points. Look at the level, please. 20,700. Individual stocks making news, a surge in drilling activity north america, that helped halliburton, but the stock is down 6 cents at 46 a share. How about hasbro, helped by demand for video games, they also make transformers, nerf toys, that stock doing well, 6 up for hasbro. Theres a medical supply merger, and Beckham Dickenson buying cr bard. We knew about this in advance going through. Tesla, gm, some competition. General motors plans to launch ten electric cars in china by 2020. Liz. Liz oh, yeah, and here is the story. The hidden crisis in china is a Serious Health problems throughout the population. So, china is saying to foreign brands, come in, we do want electric vehicles on the road. And one out of eight cars they want to be electric by 2020. So, gm is moving fast in there to build electric car plants, have the chevy volt built there. Ford, nissan, volkswagen moving in there, too. So china basically has the most ambitious electric car goals in the world right now. Stuart and General Motors stock is always around there, 34, 33 a share, always right there. Youre laughing scott, i can hear you all the way from london. Yeah, i am. Look, its funny, and gms now starting to play with the big boys and wants to start punching at tesla, a little sarcasm there, due to their stock prices, not that interesting to me gm getting in the space and what took them so long. Stuart tesla market value is on par with that of General Motors. Some are questioning teslas total valuation, around 50 billion when its rarely made a profit. Ith, do you have anything to say on that . Well, people questioned amazon and its never rarely made a profit, too. The question is what is tesla going to be. If its an electric car company, yes, its overvalued. Or if its an electric company, i believe is what that thing is, then its just getting started. Stuart scott, what do you say about tesla . I like the play on words with keith, its just getting started. And i agree its not a car company, its an energy company. Without the government there weve got to wait and see how it plays out. And they dont have any competition and have gotten a lot of back handers. Congress must pass a bill this week to keep the government open. And President Trump will reportedly insist on border wall financing within that bill. That could be a problem for the markets. Keith, a problem for the markets. What say you . You know, government shutdowns are always a problem for the market because nobody knows whats going to happen next . Its the uncertainty factor, its not the money that bothers people. They need to take a page out of j. P. Morgans book. The notion that congress is going on recess and holiday, theyve got more problems than everybody can imagine. Millions of americans need nem to do their job, so get something passed. Stuart if im an investor right now, ive got a choice, do i put my money into bonds, commodities, into real estate, do i put it into stocks . At the moment those who say put it into stocks are winning the argument. Do you think that continues for the forseeable future, Scott Shellady . Yeah, im a little nervous about that, stuart, because i still think were running on fumehere, and as paul said to goldman sachs, take a look theyre terrifying to gdp. Were falling short in our economy here. Im a little leary to buy at the highs. If you taught at 1929 youre doing well, but its not an investors market, go slowly and piece it in and dont take grannys money and do it all at once. Stuart dont take all of grannys money, got that right. Americas retailers, Closing Stores faster than ever. 2800 already this year and were only into late april. According to one analyst, thats double the closure rate of last year. We talk about the retail ice age every day, its real. Liz theyre talking 8600 store closings this year, more than what happened in the financial collapse in 2008. The country, retail is overbuilt, too many stores, theres basically a store bubble. They overstore, overbuilt and the Profit Margins for moving onto the internet, its really tough for the retailers making that strategy because you have to pay for shipping costs and go up against amazon. Its tough to restructure. Weve seen walmart take out the little pop, mom and pop shops, now its amazon taking out the big players. Stuart thats right, the first wave of the big box stores, walmart and the rest they took out main street america and towns. Now its Amazon Online taking out big bocks, left, right and center. America moves so fast. P cant keep pace. Another might marin counter between a passenger and an airline. This time its American Airlines. Keith, no real effect on the stock when things like this happen. In fact, American Airlines is up this morning. That is incomprehensible to me, but you know what . People need to get where they need to go. American airlines, delta airlines, United Airlines of the world, they theyve locked this down. Theyve got landing slots and terminal slots and passengers have to get where theyre doing. And thats why behavior like this continues to accelerate. Stuart on that note well leave it. Thank you, scott, and you, keith, thank you for being with us on a great monday morning. Why is it great . The Dow Jones Industrial average is up over 200 points, 20,700. The alltime high 21100. Were not that far from an alltime high. Big names hitting alltime highs, united health, 3m, microsoft, home depot, thats a rally. Breaking news now, the Supreme Court refusing to review the gm ignition switch case. The significance, liz. Liz gm appealed it, a ruling, a Lower Court Ruling that let accident lawsuits proceed against it. And so, they asked the Supreme Court to look at it. The Supreme Court wont look at it. So, that means that billions of dollars in settlements could be coming for these accident lawsuits, its not affecting the stock now. Stuart no, its not, 34 a share. Liz and they have the victims fund, too. Stuart here is a story, panera is it going to hire 10,000 drivers as it expands its delivery service. Liz, youre working overtime. Liz yeah. Im happy to. You know, theyre taking on the, you know, the delivery food market and essentially you get your food from chinese restaurants. We want that market. They want to make four out of ten of their stores being able to, by the end of the year, to deliver panera food to customers, theyre saying, look at the numbers, a quarter million in sales could come to each individual storement so, a quarter million they could make from food delivery. Thats panera, panera, usually the sales 3. 5, 3. 6 million and left that. Stuart thats a life style capitalist story. They could raise revenues to individual stores, each store by 250,000 a year if they deliver that food to customers. Liz thats the estimate. Stuart 10,000 drivers. I like that story, thanks, liz. Nancy pelosi, strong words for President Trump. It was yesterday. Well roll the tape. Do it. The president , i think, talking about this wall is expressing a sign of weakness. Hes saying, i cant control our borders, i have to build a wall. We certainly would like to we have a responsibility to control our borders. Building a wall is not an answer, not here or anyplace. Stuart well, there you have it. I know, look who is here, and david webb is itching to Say Something about this. I wont hold him back, say it. Boy, i have to pause for a moment, remember that emack, a lady is here and i have to be nice and im also on the varney show. So, nancy pelosi doesnt know what shes talking about. What else is new . Theres an act, the secure border fence acts of 2006 that includes these provisions. Im a numbers guy and this is a business show. If it doeses 14 billion a year all of the us taxpayers to take care of illegals and a fence costs 20 billion, 30 billion, 40 billion. Which is a better deal . 114 billion . The border security, fence wall, and return them the moment they get caught back cross. These are part of security. Nancy pelosi is simply a party hack. Stuart i think that the democrats want to hang onto the hispanic vote and opposing the wall is a way to do it. On behalf of many hispanics i know, theyre offended. Not all hispanics are for open borders. Not all hispanics are for illegal immigration . I lived in texas. Its mixed. You have blended families. I spent a lot of time in florida, its mixed. This idea that if youre black you belong to the democrats are 0 if youre hispanics you belong to the democrat or if youre women you belong to the democrat is offensive and should be offensive to americans. Stuart im sorry i offended you with the statement. You never offend, mr. Varney. Stuart Bernie Sanders over the weekend, im going to say he took a shot the democrats. Watch this. What is clear to anyone who looks at where the Democratic Party today is, that the model of the Democratic Party is failing. Clearly the Democratic Party has got to change and in my view, what it has got to become is a grass roots party, a party which makes decisions from the bottom on up, a party more dependent on small donations than large donations. Stuart hes not opposing identity politics, not saying i oppose that. Hes saying i oppose capitalist policies, thats where i think hes coming from. Hes also proposing from the bottom up, grass roots. We see how well it worked in in venezuela, in greece. The pigs, portugal, ireland, greece, and Bernie Sanders will never be president , thank god and never affect politics large live. Just a movement of illinched and i repeat that illinformed people who dont understand how the world works from an economic standpoint. Stuart the French Election over the weekend, and all attention on Marine Le Pen, im looking at the results and say the left absolutely lost hands down. The socialist Party Candidate got 6 of the vote, thats it. It tells you something about peoples reality, stu, when they really take a look at whats going on in their country and see that the socialist policies are bankrupting them, their families and bankrupting companies where they need jobs. France is fundamentally changing and not for the better. The eu needs to go, its alrey its way and this election tells you a lot about eu and about sovereignty and what people want for their countries. Stuart stay there, dont hold back, ive got more for you in a moment. Look at the market scan, will you . This is a sense of the overall market and clearly its going up. Only one loser on the dow 30 and that is verizon. Democratic congressman tells a sixth grader at a town hall that President Trump is more dangerous than a terrorist. Well tell you exactly what the congressman said after this. Theres nothing more important than your health. So if youre on medicare or will be soon, you may want more than parts a and b heres why. Medicare only covers about 80 of your part b medical expenses. The rest is up to you. You might want to consider an aarp Medicare Supplement insurance plan, insured by unitedhealthcare Insurance Company. Like any Medicare Supplement insurance plan, these help pick up some of what medicare doesnt pay. 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On a day when the stock market is going straight up, the yield on the 10year treasury, which is an important indicator of future growth is staying at a fairly low level. It is below 2. 3 . Thats indicating the market doesnt think were going to get that much growth for the economy in the immediate future. Now this, during a question and answer session at a town hall, california democrat congressman mark desolly reportedly told a 11yearold girl that President Trump is more dangerous than a terrorist. David webb is with us. As i understand it, this young lady asked a question and he responded by saying how ent tru i think they dont like the man personally. Not only that, but she actually asked him a valid question. This 11yearold girl asked about fear and why they feel the way they do. It personal. This congressman and all the other democrats, the pelosis out there, the extreme left, they hate donald trump for his exist temenc existence. Theyve lost and if east of california, and then if you go west, its la la land and its a derangement of sorts, and its about trump. Stuart i think the influence will be less and less. It becomes white noise. Stuart you can see through it and see whats going on. Yes. Stuart thank you, david, much obliged on a monday morning. Check that big board. Up 200, 204, to be precise at 20,751. President trump lays down a challenge, get a tax cut done this week, show it this week. Close out the first 100 days in office with a win. My take on that coming up at the top of the hour. Welcome to holiday inn thank you wait, i have something for you making every stay a special stay. Holiday inn, smiles ahead. Whether for big meetings or little getaways, member always save more at holidayinn. Com stuart. Stuart the president lived down a challenge to the Republican Party last week. He will reveal that tax cut plan this week t was a pointed message to the gop. The message was, get this done. His first 100 days are almost up and congress has done very little to advance the trump Growth Program. Tax cuts are the centerpiece of that program. Without them, his presidency loses its drive. He badly wants and badly needs a win. He knows the democrats will oppose almost anything he proposes. He must have a united Republican Party. He must have their full support. You can blame paul ryan, you can blame the Freedom Caucus. So far the gop has failed to act as a governing party. It is the president s Growth Program that has taken the hit. He knows this can not continue. That is why mr. Trump surprised everyone with that dramatic statement. A massive tax cut that you will see wednesday. Yes, he is a negotiator, and now he has gone public. He is openly saying, we are going to cut tax this is year. He is speaking directly to the Republican Party. You have got to get this done. Failure on obamacare, you have to get this done. This could be a huge week in politics and money if the gop meets the president s challenge. The second hour of Varney Company is about to begin. Stuart interrupted the beatles, heavin forbid. Were bringing you the big board. It has gone up a few more points in last couple seconds here. Now were up 216 points. Get this, several big names hitting alltime highs. The dow stocks, we have united health, we have 3m, microsoft, mcdonalds, home depot, those are dow stocks they have never been higher where they are now. Green arrows for the fabulous five. Those are the big tech names we watch all the time. Facebook, amazon, alphabet, microsoft, apple. Now were up 222 points. Lets get back to politics and my editorial at the top of the hour. President trump pushing hard for a win for tax reform with big tax cuts. He is announcing a big one day after tomorrow. Tony sayegh, Public Affairs for the u. S. Treasury. Welcome to the program. Great to see you, stuart. Stuart do you see it my way . I say President Trump is laying down the law to the Republican Party, you got to get this done. What say you. Im bullish on president s leadership tax reform. He won largely because of his economic agenda. In the recent fox poll nearly three in four americans say they just dont want tax reform they want it this year. 70 of the independent voters want tax reform this year. The mandate is to do it. President will lay out broad priority of principles that we believe must be in tax reform. Stuart telling the Republican Party, you get behind this, or you get behind something, you get it to me. Im happy to report that secretary mnuchin meets weekly with leadership on capitol hill including rm brady from ways and means. He has meetings on tax reform every day. The president and he discuss it regularly. We have 100 people at treasury working on tax policy. Were ready for this moment. The other important piece, Stuart Stuart what do you expect on wednesday . Just broad outlines . You will see importance of a comprehensive tax reform, a plan that includes rate cuts, middle income tax cut, Small Business tax cuts that make our Companies Much more competitive in the Global Landscape where we are very uncompetitive at the moment because of our tax policy and code simplification. Stuart what about a border tax . Is that going to be in there on wednesday . All of that is being discussed. Stuart you dont know. Those are parts of on going discussions and negotiations with capitol hill. These are the broad principles and priorities of the administration. The emphasis, stuart, you mentioned several times in the program this morning growth. Sustained Economic Growth we have not had since the financial crisis. You see the negative impact on real americans, their wages, our economy as a result. Stuart we heard it all before. We heard it many, many times before, you have to cut taxes to get some growth. The president is saying you will see the plan on wednesday. He is going out on a limb. If he doesnt get the Republican Party to agree on tax cuts, he is in trouble. His whole program, his presidency is in trouble. He is out on a limb here. I think our economy is in trouble if we dont follow progrowth policy the president , secretary have all been discussing. People are ready for this. Stuart work with me, tony, this week is crunch time. If the Republican Party doesnt come together on this proposal from the president on wednesday it is sunk. Im telling you, stuart, there is more than meets the eye. I think there is a very strong combined effort between the hill and the administration to make sure we put forward, the best, most comprehensive tax plan that generates Economic Growth and job creation. I think were very aligned on a lot of priorities here. That is why you see the president in the way weve been accustomed him doing, taking bold action and leadership, pushing the envelope forward. Im very pleased. Stuart when you go back to washington, gather up your republican friends, tell them get together, unite, everything is on the line. I think theyre watching now. Stuart i hope so. Tony saying,. Thanks so much, stuart. Stuart i want to get to the election result in france, that is what is really moving the market this morning. Centrist candidate, the gentleman on the left, eman macron, and Marine Le Pen ha advanced. They have a election in may. The election was a huge loss for the left. Tammy bruce, youre with us. Socialist party got 6 of the vote. Communist got nyet . That was rejection really of the establishment because france has gone between the conservative party and socialists for decades now. So thats been the switchoff. That is considered the establishment. Both conservative politician lost because of some scandal. Rejection of the far. Mr. Macron is the left. He wants more integration with the e. U. Wants more involvement strengthening the euro. More of globalist dynamic. Very clear difference of course with miss le pen, this is about french culture, our identity. That is very specific difference for the voter. Stuart the left is rioting on the left side of your screen. That will not help macron. This is what the french very much like what happened here. They say that, well there is polls and he will be doing well in the final election. The fact of the matter you will have shy and silent supporters of le pen like you did for mr. Trump. When you have a actual sea change, almost revolutionary dynamic, people speak about it less. This is not done. She has very good chance in may. Stuart you think so . I do. Stuart there was a poll after results, gives macron a 20point lead over le pen. Hillary had a 80 point lead for donald trump. She was ordering fireworks. Maybe mr. Macron is ordering fireworks. They should be cautious, if the movement in europe as a whole, what weve seen here they should take nothing for granted. Not just america has change ad American People want future back in their hands, i think french and europeans do as well. Stuart may the 7th is a referendum on europe. Marine le pen says were done, European Union, fin emanuel macron says keep it, work it. They have had 10 unemployment for four years. Their gdp is a disaster this is result of linkage, le pen argues with europe. Do we want more of the same which what macron represents or do we want actually change. When people privately place the vote i think they will want change. Stuart market thinks macron will win. Youre not so sure. Brexit was wrong. Donald trumps election was wrong. Maybe they to the it totally wrong. But market thinks macron wins. 222 points on the upside. Dont you love isnt. I love it. Stuart so do i. Now this, controversy surrounding a new original series on netflix. It is titled. 13 reasons why. What is the controversy . Liz it is about teen suicide. Each of the 13 epidewhy a lead character, young teenage girl people feel hurt her. She is blaming people in each of those episodes for a specific reason why she eventually commits suicide. Mentality Health Experts are saying netflix, youre being irresponsible. Teenagers are Binge Watching this, watch out parents. It glorifies and romanticizes, he romanticizes suicide. It basically is an extended revenge fan at that he sy. She is mad at each episode at somebody. She kills herself. There is no explanation how she internalizes what happens to her. Basically its, very little on what her thought processes are. All about what people did to her, right. Not how she internalizes it. Stuart i take that as negative. Liz bad for netflix. Very bad. Stuart the stock is up. There is divorce what we may think of culturally and politically wrong, but financially no problem whatsoever. There is is the divorce between the two. Listen to this. New report iphone ownership has hit an alltime high in the United States. That means more iphone owners are in the market, maybe for an upgrade. That is clearly good news for apple. The stock is, i think at or very close to alltime record high after this morning. You have any numbers . Liz when you look at numbers, you earlier had an analyst saying apple could sell 250 million iphones. They sold 230 in 2015. 70 Million People have really old iphones, 5 or 6, they could upgrade with a new phone. Stuart what will they do with 220 billion in cash apple is sitting on . What will they do with that . Liz acquisition, who snows. They are not bringing it home anytime soon. Stuart yep. Coming up, oneway ticket to mars. Nasa unveiling details about its plan to send astronauts to mars. Well bring it all to you in just a moment. Lefty media at it again. Msnbcs Rachel Maddow this time suggesting the president is to blame for the chaos in venezuela. Yes we do have the story. New line up starting tonight on the fox news channel. Tucker carlson tonight at 8 00 p. M. Followed by the five at 9 00 p. M. That is new on fnc. Do not miss that. Good stuff. But when Family Members forget, trust angies list to help. [ barks ] visit angieslist. Com today. Try new Flonase Sensimistgies. Instead of allergy pills. It delivers a gentle mist to help block six key inflammatory substances. Most allergy pills only block one. New Flonase Sensimist. Stuart this is happening right now. President Trump Holding a videoconference call with nasa astronauts aboard the International Space station. Lets listen in for a minute. This is a very exciting time for our country. You see what is happening with our country in terms of jobs, in terms of business and there is such excitement and such enthusiasm. Many americans entrepreneurs are racing into space. I have many friends are so excited about space they want to get involved in space from the standpoint of entrepreneurship and business. Tell us about the opportunities that could exist for the next generation of scientists and engineers . Is that something that you think a student, you have so many students, hundreds of thousands watching, is that something that you think that students should be focusing or thinking about other subjects . What do you think are the opportunities for Young Students wanting to be involved in space . Sir, absolutely. I think that this is probably the most exciting timein space exploration, certainly in my lifetime. We are about to just to, just, have an explosion of activity. There is so much involvement on the space station with commercial industries and commercial partners. We have an entire program to manage the science. Nasa has done a wonderful job ceding a new industry with the commercial crew program and the commercial cargo program, so we can build infrastructure we need for future exploration. One thing i love about American American on thes, once you get them boeing, you better stand out of their way, theyre going to start chucking. Were about to that point. Nasa is taking on that expensive, hard, complex task of going further and deeper into space with wonderful new rocket space launch system and orion. Then as soon as thats, as soon as we break open that door, this incredible infrastructure that weve been building is going to be right there to pick up the baton and continue into the stars. I would say to all the students there stuart i want to take you back to a little bit earlier in this conversation between the president and the astronauts there. I want to take you back to where the president congratulateses one of the astronauts on being the longest american in space. Watch this. Want to he say that this is is a very special day in the glorious history of american spaceflight. Today, commander whitson, you have broken the record for the most total time spent in space by an american astronaut, 534 days and counting. That is an incredible record to break, and on behalf of our nation and frankly on behalf of the world, id like to congratulate you, that is really something. And id like to know, how does it feel to have broken such a big and important record . Well, it is actually a huge honor to break a record like this but it is an honor for me basically to be representing all the folks at nasa who make this spaceflight possible, who make me setting this record. Stuart that is quite a record i have to say, 534 days in space. Longest for an american ever. I cant imagine spending, that is yearandahalf in space. Liz yeah. Stuart weightless to boot. Listen to this one for a second. Let me break a way. Tar i. Q. Malik of space. Com, managing editor there. I understand nasa plans to send senates to mars, not necessarily to land on it, but to get there and come back, that accurate . Exactly. Nasa has the plan for mars. Peggy whitton, we saw her, records may be shattered if nasa can make this work. They have a plan to build a deep space gateway, a station around like around the moon, they put a deep space transport, this is 41t tube astronauts will live in, four senates. If that works, they willend astronauts out to mars, orbit, take a couple years. Swing by venus. It will be a long, long flight for the astronauts. Stuart but theyre planning to do just that . Exactly. A lot of things have to go right to do that. Stuart commander whitsons 534 days in space is trial run for much, much long are trip than nasa has planned. When does this start . The big kickoff will be nasas new rocket, space launch system, big meg can rocket, saturn v rocket. Stuart it is big. Giant. The goal to test that with the new spacecraft, orion, next year 2018, if that goes well, launch a probe to jupiter to make sure the rocket works. And a gateway will be built with mode always and habitat, in 202325 time frame. If that works, launch the transport in 2027 do a trial run around the moon in 2029. If everything goes right, a lot of things have to do right, they try to send astronauts to mars in 2033 time frame. Stuart 2033, doing the math, that is 16 years away we could have americans going around mars . Not landing. Stuart coming back. That is the plan, yes. Stuart thank you very much indeed. That is fascinating. A lot of things have to go right but hopefully one day. Stuart 2033, looking forward to it. Thanks, tariq. Stock market is doing extremely well. That is the high of the day, up 224 points, 20,700 where we are this monday morning. President obama is back in the public eye. He will give a speech tonight in chicago. Whats he talking about . Community organizing. We will be right back. You always pay your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Stuart look at hasbro. It is boeing up nicely 5 , doing well with its video games. For years it trailed mattel in overall value. Hasbro passed mattel in quarterly revenue. First time since 2000. Hasbro up big today. The ishares france fund, that is an etf, that is a basket of stocks from france, nice gain today, 5 higher. Best pop since 2012. The French Election is is the reason. Check bank stocks, theyre popping. A lot of different sectors on the market are moving nicely higher. Banks in particular, look at that, 3, 4 gains on biggest names on the Investment Banking scene. Look at them go. Big gains amongst financials. Now this, president obama holds his public event since leaving the white house. He is speaking a the university of chicago later today. He is speaking about community organizing. Tammy bruce with us. I hear a lot of criticism what the president did and did not do to help the democrats. Keith ellison, appointed by thomas perez. He said he could have done more to help the party. It could affect his legacy because of trouble theyre having. Democrats looking at fact they dont have a party anymore. Marie happen. Harf said on fox friends that was stupid thing to say. Barack obama Approval Ratings are so high. That is part of the problem. His Approval Ratings are high but the Democratic Party isnt. Barack obama, really in a way destroyed the party for his own benefit. This now is the dynamic of, appreciating and emgreatsing barack obama is not going to help other candidates at this point. He is going to be having a speech. It will be good for him but not for the party. Liz not your parents Democrat Party anymore. He is just coming off a trip, he was on David Geffens yacht with Bruce Springsteen and writing his third memoir. I dont know anybody wrote one autobiography. He is writing three of them. Approval ratings, depends who they are polling. He basically destroyed the Democratic Party. Stuart that is strong stuff. We better go out with that. This is a terrible story. Afghanistans defense minister resigned following the Taliban Attack that left well over 100 soldiers dead. It was the deadliest attack on the armed forces there since 2001. We have the ugly details for you after this break. Stuart this is the high of the day, up 225 points. 20,000 20,773. The market likes the election. They think macron is going to win and avoid financial chaos in europe. Well see. Treasury at 2. 29 . That implies not that much growth. Rachel maddow under fire for a lower third graphic, the banners you see on the screen. The banner blamed President Trump for violent antisocialist protests in venezuela. That banner read unrest in venezuela due to trump donations. Maddow tweeted out an apology. Here is mediabuzz host, howard kurtz. Is msnbc a good news operation according to howard kurtz. You know everything bad happens in the world is Donald Trumps fault according to this mindset. Stuart of course. There are riots in venezuela. Policies of the socialist government are not working there. Are food shortages, medicine shortage, people are starving. The fact there was this half Million Dollar donation from a subsidiary of a Venezuelan Oil company to the Trump Organization probably didnt sit well. But to tie that to riots and protests is just flat wrong. Look, the banner could have been written by some 22yearold kid. Im glad maddow apologized for it. Im glad msnbc admitted they ma stuart the problem editorial is seeping into what is more and more characterized as news. It is bleeding over anactually taking control of wh is news. I think that is probably true across a Broad Spectrum of the media. You would agree with that . I would agree with that. Maddow is an opinion show. If she wants to make the case donald trump is linked to riots in venezuela. She can do that but she didnt do that. The chiron banner clearly implied it. I do think disdain for President Trump among many people who are supposed to be straight journalists is seeping into many things that are presented to us as straight news reporting. Stuart did you see our banner, we had right there, nasdaq hits alltime high with Rachel Maddows face . Were fact based, howard. I got to tell you. How about this one. President trump hold as rally in pens sane this saturday. It marks the 100th day in office. It is the same day as the white house Correspondents Dinner in d. C. The which President Trump will not be attending. How is that going down with media people . The technical term is a finger in the eye. Donald trump is not only a counter puncher but a counterprogrammer. Not only decided to blow off the Correspondents Dinner i suspected he might do Something Else. His staff is not going. Television will have a dilemma. Do you cover the dinner with no president , who always provided the star power here. Or do you cover the president in harrisburg, pennsylvania . I think the president will get more attention than the dinner. And maybe that is a good thing. Because the dinner is a such a celebrityladened affair people are kind of tired of it. Stuart seems like open warfare between President Trump and much of the media. Do you see any sign that that might stop or just tail off, or smooth over at some point in the into near future . I had thought early in the president s term that would happen, stuart. So far i dont see many signs of that happening. He is give an interviewwith cbs to mark the 100 days, a counternarrative he hasnt gotten much done, the president calling standard ridiculous. It is open warfare on both sides. Unless there is some sign of a truce, i think this is could go on for quite a while. So painful to people here he is not coming to the dinner i will be at the dinner. Stuart every week you and i talk, monday mornings. Every week i say the same thing. I have never seen anything like this before. Im going to say it again because we havent seen anything like this before. So true. Stuart okay. Howard, thanks as always for joining us. We do appreciate it. Good to see you. Stuart okay. Big and i mean big tax announcement from President Trump expected on wednesday. He broadcast this last week. Joining me now is Michigan Republican congressman bill huizenga. Huizenga, yes. Stuart now we get it. Third time is the charm. Next time im on well nail it down. Stuart youre huizenga, welcome. In my opinion President Trump was laying down the law to you in the Republican Party. Get this it done. Quit messing around with my Growth Program. Get it done. Did you read the message like that . I wholeheartedly endorse that and agree with it. The first step making sure we have health care taken care of because that clears up a significant amount of money, a trillion dollars. Stuart has not been done. Not been done. Were going back tomorrow, rest of this week. We have to deal with the government resolution, continuing resolution for government funding, tackle health care. Tax reform has to happen because we know jobs are created primary by Small Business owners. Stuart you have to unite the Republican Party. It has to be this week. There are all kinds of issues on the table this week, including that tax cut. If you dont come together this week and show real willing to get on board with the president s program i think republican has a problem . I think youre absolutely right. I imagine that our Conference Meeting tomorrow that is traditionally or wednesday morning, usually the day after we get back, that will be a can that is rightic, robust discussion, family discussion. T my ssetalkto colleagues over the last couple of weeks, they have gone back home. They have checked in with people of kind of all stripes and have come back saying you know what . We have to set aside some of these other things and adopt what Ronald Reagan had said which is, if someone agrees with me 80 of the time, they are my friend, not my enemy. Stuart did you have anything to do with this . There is a big rally in bank stocks and financial stocks today, they have gone straight up, 3, 4 up, bigname companies. You have an oped of getting rid of doddfrank. Yeah. Stuart so are you rallying the bank stocks . I didnt say that. Stuart varney did. So that stuart if you want to take credit, take credit. We had, detroit news ran our op ed, i had it in my local paper in western michigan. Encorn people to look at it. Stuart i will quote from it. Doddfrank has even made it more difficult for struggling families across michigan, youre from michigan to secure a future for themselves and for their children. I got to tell you among my Production Team here on Varney Company, we have three people who have had enormous trouble doing the paperwork for a mortgage which is a result of doddfrank. You have a lot of supporters on my Production Team. Thats a consistent message that we hear all across the country. The, we all know that doddfrank was an agenda waiting for a crisis. That is why it is doing things like ceo bank pay ratios and conflict minerals and all these other things that had nothing to do with the actual economic downturn. Made it more difficult for Hardworking Taxpayers to have the Banking System work for them, not against them. Stuart one more thing that you guys in the Republican Party have to get done. Yeah. Stuart you have got to do this. Well do that. Well have a hearing on wednesday on our choice act, financial choice act, which is the republican response to replacement of doddfrank. Stuart here is another one. Homeland security secretary john kelly appearing on face the nation as you know yesterday. He said, President Trump, quote, will be insist extent on including money for the border wall in the new budget plan. There is another thing you got to get done. We do and, whether that is in this weeks continuing resolution, that will be difficult. I think well have to keep making sure that we have the proper function of government happening long term. That is where this fits in. Whether it is actual physical barrier the whole way, we have some of that already. I think we can have virtual wall that will do exactly same thing, with proper amount of actual physical wall in there as well. Ultimately about enforcing laws that one, are already on the books and two, anything else we might need to do. Stuart pivotal week. Big one for you guys. Thank you. Stuart congressman huizenga, thank for joining us. Good to be with us. Stuart come back soon. You got it. Stuart now this. Big theme on this program, retail ice age proof it is indeed on us. Briggs and Mortar Stores closing at record pace this calendar year. Coums mongo online retailers. That Means Service jobs are disappearing. On your screens, 280 Stores Closed or announced closed 2880. Liz 8600 is the protection. Stuart 8600. Liz more than closed during the financial collapse. They overbuilt and overstored. These stores have a ton of debt put on them by the private equity crowd. That is the backstory. They cant get out from under that debt. It is like a boat anchor. Stuart what happens to commercial rent and spaces in commercial Office Buildings and shopping malls. Liz there is boom trying to turn them into Office Buildings, bowling alice, even churches. Google purchased a defunct mall and turned it into office space. Stuart tough situation. Lizzie, thank you very much. Liz sure. Stuart north korea says it is ready to sink the a u. S. Aircraft carrier to demonstrate its military might. The president is prepared to call the leaders of china and japan. Were all over this story, even as gold goes down by the way. The president meeting with the pope when he heads to italy for the g7 meeting. This after the pope publicly slammed President Trumps wall. Father Jonathan Morris joins us on that next hour. When this bell rings. It starts a chain reaction. Thats heard throughout the connected business world. At t Network Security helps protect business, from the largest Financial Markets to the smallest transactions, by sensing cyberattacks in near real time and automatically deploying countermeasures. Keeping the world of business connected and protected. Thats the power of and. Liz now this. Earlier we had on congresswoman claudia 10 any to discuss the possibility of tax reform coming this week. This is what she had to say. Roll tape. From my perspective as a Business Owner and someone who is solid republican conservative from new york, we must get together and do tax reform. I havent heard anyone thats against it. I know as you just mentioned and referencedded a little bit in your prior segment, there are people concerned about the border adjustment tax, whether retailer or manufacturer. Im a manufacturer. It is relying on elusive presumptions on Currency Exchange rates and that happening. But i think we need to get whatever we can get done through the house and to through the process in the senate. The senate is really the issue. In the house i think we can get it resolved. Stuart the parent of google, alphabet, hit alltime record high. The high was 85. 91. It backed off a few cents. 975. 91. We have. Amazon, very close to an alltime high. That is extraordinary performance. Now this. Taliban insurgents dressed in afghan uniforms and military vehicles attacked a base there, killing over 130 Afghan Soldiers it was the talibans deadliest attack since 2001. U. S. Advisors were told to shelter in place during the attack. General jack keane joins us, fox news military analyst. Is that standard, general, to shelter in place during an armed attack . I dont know what the reason for that is. They could have certainly helped them out. This is a tactic the taliban use many times. They dress up in afghan uniforms and attack afghans or in the past attack americans when we had much larger presence there. Its a devastating attack. The death toll is up to 170. It is largest successful attack ever made against the Afghan National army since the war started. Stuart it is a huge set back for anyone that wants to keep the taliban out of power, i presume . Here is the real problem though, stuart. This war is not winnable given current policies. It is an absolute disgrace. Weve been there aost 16 years and, t best we can say about it, when the commander was providing testimony a few weeks ago to the congress is that its stalemated. That is outrageous, that the United States military participating in something for 16 years and the best we have is a stalemate . The reality is, actually the taliban have the momentum because they have taken back considerable amount of territory, about half of what they lost during the invasion. And, and you say why are we at this point . How could it be so bad . Because the opportunities to win in afghanistan were squandered by president obamas policies. He pull the troops out much too quickly. Number two, we never ever done anything about the sanctuaries in pakistan that the Afghan Taliban reside at where they get refreshed, they get assistance by the pakistani military. Weve never, no ones ever defeated an insurgency that had a sanctuary outside of the combat zone. Stuart do you think general mattis, the defense secretary, has the heart to cut our losses and withdraw . I think, if youre going to do Something Like that, certainly i believe the administration is looking at it. General mattis, h. R. Mcmaster, the entire Security Team is looking at issue. The mattis was there recently as of today, and also mcmaster was there last week. If you do that, you wring your hands, youre frustrated with it, one of the consequences of that, on the region, what does it mean for Regional Security . What does it mean for u. S. National security interests . And i think if you put that under a microscope, that would be largely negative. Then you have to say to yourself, okay what is it going to take to turn this around . What kind of options do we have . I suspect they will present all of that to President Trump. What would it mean to status quo . What would it an to pull away. What does it take to win in afghanistan . What is said about this gins mcchrystal and petraeus presented obama with a strategy to win with counterinsurgency war and he did not give them the forces they had requested. That doomed us. Stuart we need to talk about north korea. Seems they never back off. Theyre threatening american Aircraft Carrier and taken a third american hostage for a better word . What is the endgame here . They dont back off. They will do Something Else. What they want to do is continue their ballistic Testing Program so they can weaponize Intercontinental Ballistic Missiles worst case and medium range ballistic missiles. He put that on a rapid, accelerated mode weve not seen before and this gives us concern. This rhetoric and belligerence he utters, while we listen to it, it doesnt rattle us. Weve got to be steady here. He is not going to attack an Aircraft Carrier of the United States and heres the reason. Because that would mean that the destruction of his regime and the reason he has Nuclear Weapons is to guarranty that that regime is preserved. He has taken, he has taken a hostage because the hostage business has been lucrative for him throughout the years. Where he brings, you know, celebrities, very important people on the world stage to come over and negotiate to get that hostage out of there, and try to achieve bilateral discussions with the United States and get some concessions. That has worked in the past. That is why he is in that business. Stuart okay. General keane, thanks for joining us, sir. See you again soon. Good to talk to you, stuart. Stuart thank you, sir. Look at this. General motors plans an electric car push in china. What are they doing . Liz looking at possibly half a million electric cars made in china by 2025. So what is going on here . Cha has really bad healt problems from its polluon. It is trying to says you know what, we want one in eight cars to be electric by 2020. Nissan, gm, volkswagen, and ford making a push to get into the market to build electric cars. China is saying to foreign brands, come on in, we need your help. Stuart they do. The pollution problem is dreadful. Thanks, lizzie. Liz sure. Stuart check the big board. Why not. Monday morning were off to the races. 220 point gain for the dow industrials. 20,700. Something missing from all the coverage in the election in france. Im you calling it a crushing defeat for the left in yesterdays election. The rout of the french socialist party. My take on that, top of the hour coming up. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. Stuart last week we ran a poll showing 1 3 of young adults, 18 to 34yearolds, millenials, still live at home. A lot of you had a lot of comments. Start with this one coming in from max. Quote, this explains millenial politics. Government pays for their stuff, rather than going out and working for it. I think that is a little harsh. Well get to that in a second. One comment from wolf. There are way too many going for college that should be going to a trade school or getting out to make a living. Liz, i think you probably agree with that. Liz i agree with that. As for the first point, i know what the attack has been against millenials. It is often unfair. They have a trillion dollars in student loan debt. Tuition gouging going on with middle class families is really bad. It is not waynes world meets the golden girls as some people say about slackers. Millenials want to work hard. Theyre struggling undebt of the point about trade schools. It is an excellent one. Finland does it. Germany has emphasis on trade schools. Mr. President made a point about that. Weused to emphasize being a electrician or plumber for trade schools. Some have aptitude for that. Stuart esident calling for more vocational schools. Im all for it. I dont like the idea were castigating entire generation are lazy. A third of you at home with mom and dad. Very different situation for what it was in my day for example. Today you have the student debt, youre right, 1. 3 trillion worth of debt. That is more than the mortgages. Liz it is so hard. Stuart it is on the neck of our youngsters. Liz tuitions are 65,000, 70,000, selling a credential they dont have aptitude to do skills, jobs that can make them a lot of money. Essential work remembers bluecollar workers as one of your guests said. That is important. Stuart my message to max, critical of millenials, come see the youngsters who work for us. Will show you a work ethic, max. We will be back. Stuart heres something missing from the coverage of the French Election the left lost. They didnt just lose, they suffered a crushing defeat. While everyone talks about the rise of Marine Le Pen, just look at the rout of the friend are. Socialist party. French socialist party. The current president is a socialist, but its candidate got just 6 of the vote. He came in fifth. The socialist party looks to be just about done. And what about the communist candidate . He came in fourth. He picked up the Traditional Union vote by offering a huge wage increase to government workers. Nothing new there. Unlike Marine Le Pen, the left picked up no new constituents and lost a chunk of its old territory to boot. Now france has a strong leftist tradition, very strong. The state, the government, has always played a huge role. Maybe that is the old france. Look at francois hollande. He is the French Version of margaret thatcher, for heavens sake. He came in third. And look at Emmanuel Macron. Hes a former investment banker. He won. In europe there has clearly been a political shift. Brexit, le pen, theyre leading the movement away from traditional politics, but do not ignore whats happening on the left. In britain and france, it is in rapid retreat. Its role in politics is vastly diminished. The third hour and Varney Company is about to begin. Stuart what youre looking at is the riots in france immediately after the Election Results were released. Those are leftists rioting as they traditionally do at the end of an election when they didnt win. Burnedout cars, pepper spray, you name it, it was all over the place in paris last night. Got it. Sent tryst Emmanuel Macron slipped past populist candidate Marine Le Pen, theyll face off for the second round of voting on may the 7th. Christopher caldwell joins us now, Weekly Standard senior editor. Great to see you. Likewise, stuart. Stuart to you approve of my statement, the left lost big in this election . They are the old france, make way for a new france . Only in a very qualified way. I think the socialist party is at the heart of what happened yesterday, but i think one of the reasons they fell to such a low number is that they have changed. Theres no longer a real industrial economy in france, so theres no longer a trade Union Movement or a workers movement. And so the socialist party has, kind of like the Democratic Party in the United States, become kind of a movement of the upper crust. And macron comes out ofthat. Stuart okay. There was a poll taken right after the results came in last night, and it showed that macron has a 20point lead over le pen for the election thats coming up on may the 7th. Do you think that holds . Do you think hes the clear winner on may 7th . If nothing special happens. Like, for instance, an event like a terrorist attack or a real extraordinary ability of marine he pen to sort of, like, transform what this election is about. Without that, macro to n should win. Stuart people are saying that, essentially, this is the survival of the European Union, that it does, in fact, survive when macron wins. What say you . Well, i think thats right. Macron is the candidate of the establishment. You know, a lot had the of the accounts this morning have described him as both a centrist and an outsider. I dont think you can really be both. Hes much more of a member of the in group of the, you know, of the socialist Party Hierarchy than he is an outsider. And so European Union fans are breathing a big sigh of relief. Stuart well, has the populist movement, is to speak, reached a high point . Brexit was their success, donald trump, to some degree, was their success, but now france have pushed back against them . What say you . Well, you know, its always been hard to see how Marine Le Pen is going to get through this second round. This is the highest score the National Front has ever got in a president ial election, but its still a little bit below where theyve been in regional elections. So i think theyre still rising in france, but it is a break on the movement internationally. Stuart so you say flat out macron wins. Barring, barring big events, barring big events, yes. Stuart its always a good idea to hedge a little when youve got two weeks to go, and anything might happen. Thats true. The reason i say that is, you know, weve had some very inaccurate polls first in britain, then in the United States, and hen in the primaries of and then in the primaries of this French Election. The polls on this general election were quite accurate which seems to indicate that pollsters are beginning to get the hang of polling this populist environment. Stuart thank you for being with us this morning, much obliged. Thank you. Check out the big board, im going to make the case this is the result of the French Election, a nice rally for the dow. 1 higher, up 215 points. Lets bring in the author of the book, a great book, american mojo, the former goldmasachs partner, peter kiernan. I right . The market is up because europe senses macron will win, and therell be no financial chaos . Vive lafrance, thats what it says. I dont think theres a way that le pen can win. But she is here for the long haul. And remember, just a month later when they finish the president ial election, theyre going to have the elections for the national assembly. Le pen has, i think, two deputies out of 570 players, so she is really just beginning to get her sea legs. Its interesting, her father was in the same kind of runoff with chirac and lost. I dont think she has the legs to win this. Stuart i mean, what youre seeing on your screen now, technology stocks, other stocks going straight up. That is a sigh of relief. It is definitely a sigh of relief, and people are saying because of the tax announcement that may come on wednesday, ive heard thats going to be Broad Strokes and lots of tax principles. Now, the last time i tried i could not spend Broad Strokes and [laughter] this is related to france. This looks like the e. U. Will stay together. Frankly, i think it means one more thing. France for the last few years has been sort of the broken player among the majors in the e. U. I think macron may represent a way for france to look forward, to let go of some of the socialist regulations and some of the drag on their economy. They a basically let their Industrial Base go can, and they have not grabbed fully enough into the new what i would say software and digital revolution thats taken the rest of the world. This is an opportunity for france, but it also means that the e. U. Probably holds and the euro probably holds for now. Stuart late last week President Trump laid down the law and said youre going to see on wednesday im going to reveal a massive tax cut. Those were his words, massive tax cut. I think he was laying down the tohe Republican Party saying, ok, you to unite, youve got to pass this thing, youve got to do something within the 100 days. Heres what i think, i agree totally with what youre saying. I think he was saying one more thing, which is im willing to live with a smorgasbord. Everyones saying lets change the entire tax system, but they dont have the stamina, the will or the ability. This is a message saying weve got to do something. Stuart i think hes heres what i think will happen i think its a narrowlybased focus on cutting the Corporate Tax rate, the profit repatriation tax rate and spending that income on infrastructure. Thats what i think were going to get at some point. What say you . I think thats a good package and the way to think about it. Lets not try to do the entire waterfront, lets just develop the pier, around the pier, and i think the marriage of Infrastructure Development with people trying to decide tax issues is a very nice partnering. In the gives and gets of washington, theres a lot if you have a trillion dollars youre trying to give away or create, that is something that may motivate the reluctant. I also think trump is going to be more involved than the speaker in making this happen, and that means if youre recalcitrant, youre going to get a oneonone with the president , and hes going to say tell me exactly why it is youre blocking my most important initiative. And that will be a very uncomfortable position for some of those individual stuart yes. I wouldnt want to be on the side of the fence from that one. Meet them one op on one, i think thats whats going to happen. Stuart the dow is up 221 points, 20,700 is the level. Want to bring this up, more saber rattling from north korea. They say theyre ready to strike one of our Aircraft Carriers . Yeah, the uss carl vinson or any other Aircraft Carrier with a single missile strike. Now within the last hour chinas xi jinping just said to President Trump, put out a message pleading patience. That dont react, just lower the temperature on this. So, you know, tomorrow is the 85th anniversary of the north korean, you know, anniversary of its military. South Korea Remains on high alert. Wednesday the white house will meet with top senators over north korea. No reaction in the safe haven plays though right now. Stuart i would venture a dollar that if they launched a missile, it was headed out to sea, i think an american destroyer would shoot it down. Yeah. Stuart thats just speculation on my part entirely. Last word . To me, whats interesting is there have been at least two and maybe three conversations between president xi jinping and donald trump. We gentlemen are working together. They were supposed to meet for ten minutes in palm beach in a oneonone and then meet with their secretaries, but according to kt mcfarland that got expanded to two hours. These men are finding common ground. Stuart nancy pelosi calls the border wall immoral, says it is a sign of President Trumps weakness. Quote president obama didnt need a wall to protect us. Thats what she said, and we will discuss that. Plus, an update on ann coulters berkeley speech. A group of conservative students says theyre ready to sue the school if her thursday speech is canceled. Dana lash on that next. But first, please do not miss the fox news channels brand new prime time lineup. It starts tonight. Tucker carlson, 8 p. M. Eastern. The five, 9 p. M. Eastern. And a whole lot more varney after this. Stuart Salafi Aventis is suing mylan. The issue is the epipen. Suing them saying you are illegally trying to prevent competition with epipens, and youre sell. Ing the competition squelching the competition. Strt and the epipen is the center of it. That is correct. Stuart thank you, liz. Homeland secretary john kelly says mr. Trump will be, quote, insis tent on funding the border wall. Listen to this. I certainly think the border wall is essential, as do almost everyone that lives along the border. So, yes, i think its certainly worth hard negotiation over. We have tremendous threats, whether its drugs, people, potential terrorists coming up from the south, and some type of an effective barrier backed up by the brave and effective men and women of dhs, i believe, is essential. Stuart look who is here, dana loesch. I mispronounced the name earlier, dana loesch is with us right now. Yes, sir. Stuart you know, we always heard that mexico would pay for the wall, but now it seems we have to pay for the wall. Are you a little disappointed . Stuart, i am, but i want to give the administration a chance and see exactly whats coming down the pike and how they plan to do this. If theyre because i know that there have been some suggestions, theres been a number of suggestions, in fact, some that i like more than others. The trade situation and the border adjustment tax is not one of which i am a fan particularly, but there are some other suggestions that i think maybe, possibly, could be workable. And still we are early into this. I am glad that the administration is trying to keep its promise. However, at the same time we were told that we were not going to be the individuals that were going to pay for the wall. If and heres the crazy thing too, stuart, because this is one of the things that i know everyones talking about, whether or not the governments going to shut down at the end of the week, and President Trump is really hoping to get some sort of funding for the wall east if they have to pass a stopgap or do an appropriations or continuing resolution. But democrats dont want to give him an inch. And even though they have said, we, well continue fding these subsidies for these insurance exchanges if you at least give us some funding for a border wall. I think republicans in this administration. Have shown that theyre at least willing to work with democrats as much as possible. Heres Something Else to consider. The people gave the government a mandate on november 8th, and i think if democrats want to at least maintain their numbers in washington, that they adhere to this mandate and stop messing around with the peoples. Stuart yes, but you know how it works, dana, anytime the government shuts down, the republicans get the blame. No matter what the provocation. They get the blame. You know thats true. [laughter] i know, youre right, thats always true. However, i say its democrats fault this time. No, really, i dont think that will happen. I think its highly unlikely theres going to be a government shutdown. I just hope we get some hard core plans and details about how exactly this wall, the funding is going to be facilitated. Stuart i want an update from you on free speech because Berkeley Students are threatening to sue berkeley if ann coulter doesnt speak on thursday, thats her allotted time. The students say they will sue. I think thats a great thing. I dont know whether theyve got standing in court, but i think its a very good idea. What say you . Well, i think they do actually have some ground. Lets think about this. This is a university that receives public funding. Therefore, they dont get to make their own rules as a private university would. Now, if a university wants to stifle speech and wants to prevent groups from inviting certain speakers to their campus, they need to make sure that theyre privately funded, because if everyone is funding this university, if taxpayer dollars are going to this university, they dont get to enjoy that privilege of setting up their own rules. Thats the same standard for universities all over the United States. So it would be them, theyre the ones who are squelching the free speech of these students. And, i mean, i like to play a lawyeren on television, but i do think these students have a very good legal argument as to how their speech is being trampled, and you could argue quasicensorship that theyre not having their particular speaker on campus. To this point, i want to point out theres another university on the east coast thats hosting the womens march organizer. This is a woman, stuart, who actually speaks in favor of and defends sharia law. This is a woman, stuart, who is on record for saying bipsychiatry gabriel, that they deserve a beatdown, and she would take their female cop la story organs, so to speak, because they disagree with her on womens rights under sharia. Now, i think thats pretty extreme. And i would even argue that goes y further than a lot of the things theyre accusing other conservative speakers of saying. Stuart yes, it does. Theres free speech for some but not for others. And thats the way it is on american campuses these days. Exactly. Stuart dana dana loesch, thanks for being here. I find this an interesting story. Panera, theyre going to hire 10,000 drivers. They want to expand their foodmeal delivery service. Anything more on that . Yeah, theyre saysaying, essentially, you know, the Food Delivery Service is dominated by things like chinese food. We can step in there. They want to have four out of ten of every one of their stores do food delivery to homes. So by the end of the year, so theyre saying that could add a quarter of a Million Dollars to stuart really, a quarter million to each one . Thats a lot. Whats this all about . I think this is the new trend. If youre going to be fast casual, youve got to extend into the home. More and more the new technologies are providing the ability of someone to order casual food at home. Paneras smart, theyre trying to compete as best they can. When you have a restaurant, use that as a base of operations and sell direct to home. Stuart why not . Dominos. Absolutely, its like likes with a little higher like dominos with a little Higher Quality food. Stuart a plan to launch ten electric cars in china by 2020. Take a look at tesla, their market value on par with General Motors, but some are questioning their valuation of 50 billion. Well be back. Break through your allergies. Try new Flonase Sensimist instead of allergy pills. It delivers a gentle mist to help block six key inflammatory substances. Most allergy pills only block one. New Flonase Sensimist. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Stuart watch out, tesla, General Motors plan to launch ten, count them, ten, electric car models in china by the year 2020. Well, china has the most ambitious electrichybrid goals in the world. Why . Be pollution, health crisis, social unrest. Theyre trying to stop that. China wants one in eight of all of their cars to be hybrids by 2020 or thereabouts. Yeah, 2020. Stuart crash program, forgive the expression. Peter, youve not to tell me about tesla, because their market value is now on par with General Motors. Theyve added around 50 billion, but theyve hardly ever made a profit. Its interesting, because i went back and looked. I looked at who owns general motor and fiat chrysler, and the answer is very different people than own tesla. People are investing in tesla for a different reason. Theyre not buying it as an automobile company, theyre buying it as a hightech play and a move to electric cars. However, there is no way that ford, General Motors and fiat are going to allow one company to totally dominate electric cars. Look for tease three to be these three to be big players, particularly outside the United States. Stuart now this for you, President Trump will meet the pope next month. Originally, the president said he wasnt going the meet him. What changed, and what will they talk about . Up next, father Jonathan Morris. Online u. S. Equity trades. You realize the smartest investing idea, isnt just what you invest in, but who you invest with. At crowne plaza we know Business Travel isnt just business. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. Stuart 11 30 eastern. Reset those markets, yes, the rally rolls forward. Between arrows especially for those big Name Technology companies. Look at em go. We call th the fabulous five. All of them are or very, very close to alltime record highs. Facebook, amazon, microsoft, alphabet, apple. Look at them go. Peter, too expensive . People are always asking, is this another bubble . Take a look at the details. The market multiple is about 22 times, apple trading at 7 times, and its got 17 times, and its got 250 billion in cash and no debt. Apple is reasonable and cheap. The loftiest ones, amazon and facebook, are changing everything. And amazon does live on profitless prosperity, but it seems to be going after every business you can imagine. Stuart this is no dot. Com bubble . I dont think so, on the other hand, these are very, very pricey stocks. I hook to the ones trading below the market multiple, however, and they are cheap. Stuart thank you very much, peter. Look at jcpenney, theyre joining forces with a Beauty Products retailer, sephora. From well, they have hooked up, right . Here is the thing, theyre going to have 70 new sephora installations in their stores, theyre going to expand 32. This is the hedge fund, bill ackmans move, put sephora in jcpenney to resuscitate your bottom line. They did bring back their former ceo which is kind of like calling in the plumber to fix what was broken, but this has been one of the bright spots for jcpenney, having Beauty Products inside their stores. A lot of Department Stores have that. Stuart and the stocks are 5 a share. Yeah, thats right. Stuart not much of a comeback, sephora or otherwise. Yeah, thats right. Stuart there are reports President Trump will meet pope francis during the g7 summit. Look whos here, father Jonathan Morris, fox news contributor. Good morning. Stuart why would they get together . I didnt think the pope wanted to meet our president. Well, first of all, a few weeks o therwere people on the left probably on the right too who were saying, wondful, theres no meeting between the pope and donald trump on the agenda, on the calendar. People almost had, glorifying in system sort of failure of the meeting of the minds here. Now it seems, although theres nothing confirmed and thats very normal, usually they confirm the week of. Theres nothing confirmed, but it seems like its very possible, i would say probable that pope francis and donald trump will meet. Stuart okay finish. And thats a good thing. Even if they dont agree on everything, stuart, or on hardly anything. [laughter] stuart would you say they are diametrically opposed on almost issues, either moral or political . No. You know where i think they could actually Work Together . And youre going to doubt me here. Immigration. Why to you say that . Stuart yeah, why to you say that . Pope francis has said hes against the wall. Remember when he was here last year. Yet the system right now, we know, is very bad for illegal immigrants, people who have come over here, that weve allowed to come because weve had a porous border, i would say. Tacitly allowed. And then we have allowed to work, tacitly, because were not punishing the employers stuart i know where youre going with this. Yes, go ahead. Stuart youre going to say that pope francis is going to try to persuade President Trump to treat the dreamers better. Say what you want about donald trump, i dont think hes an idealogue. A Great Success by donald trump, in my opinion, would be to fix the system for those who have been here for many years and have not committed crimes. And i think pope francis would be in favor of that. People who have been here for 15, 20, 25 years, who have worked hard, whom we have really benefited from through all their cheap labor, to be to honest, and i think theres a way that they could Work Together. Stuart youre establishing a very strong ideological sition for a catholic priest, are you not . Ideological means ideas. Theres nothing wrong with ideas. Stuart father, that is fine and dandy. Let me move on. Go ahead. Stuart how about this one . Antiisrael activist to be the Commencement Speaker at the City University of new york. She is an advocate of sharia law. You could not be the Commencement Speaker at nyu finish. Why not . Stuart they wouldnt have you. No, they wouldnt. Stuart they wouldnt, would they . The problem with this is commencement speeches are always honors. Its not a forum for debate. I would be all in favor of a statesponsored school having someone like this for a debate. Just, for example, i would be fine with a Catholic University having her in a place of debate. The problem is when youre giving awards to someone, youre saying you are deserving of this very special honor, and theres nobody fighting back in terms of ideology. Stuart right. Its not a free speech point. In, its an honor. Its an award. Stuart should make the point that you would not be invited to give that commencement speech, in fact, you wouldnt be invited onto most campuses in america. Thats probably true. Stuart i think were in agreement. Its e of the only things we agree on toy. [laughter] stuart thank you, father, thank you very much, indeed. Pleasure. Stuart next case, nancy pelosi. She had strong words for President Trump yesterday. Roll that tape. The president , i think, talking about this wall is expressing a sign of weakness. Hes saying i cant control our borders, i have to build a wall. We certainly would like to we have a responsibility to control our borders. Building a wall is not an answer. Not here or any place. Stuart well, what would judge Andrew Napolitano have to say about that . Dems gearing up for a fight, i guess . I think they are. And i dont know how its going to end up, but i think were going to know by the end of the week when the governments Borrowing Authority ends. Of course, it cant operate without mortgaging the future, another issue for another time. Stuart oh, no, lets talk about it now. Im happy to talk about it right now. I have two colleagues who will tell you about the horrors of debt. Stuart you want to shut down the government no, i want the government to live within its means. The issue youre talking about is the president s insistence that the wall be part of an appropriation in the continuing resolution, this sort of temporary budget. And thedemocrats refusal to alo and the president s need for eight democrats in the senate where the fill hi buster still exists filibuster still exists. Stuart its a parliamentary maneuver, isnt it, to get it included in this particular yes, it is. Ordinarily something that costs 13 trillion would be the subject of public hearings, Committee Reports and then a floor vote. Stuart so are we going to shut the government down over the issue of building and paying for the wall . Probably not, but the point needs to be made that 26 democrats in 2006 were for the stronger border barrier. And those Democrat Officials were thensenator barack obama, joe biden, Hillary Clinton and Chuck Schumer. So im not sure Nancy Pelosis charge that its immoral and, by the way, bill clinton said we need stronger borders back in the 90s. So for her to say its immoral when the democrats, 26 of them supported stronger borders, im not sure thats right. They are so furiously opposing everything donald trump wants. If he said today is monday, theyd find some way to demur on that. Theyre obviously going to change their minds and oppose this thing hard and fast. The question is, is there going to be a compromise. Might donald trump compromise on delaying interfering with obamacare in return for the wall, would the democrats even accept that compromise, or have they drawn a line in the sd about the wall, and they wont compromise no matter what he offers them . Were going to know the answer to that by friday. Stuart do you think there should be any compromise at all . Well, from whose point of view . Am i on trumps side or pelosis side . Stuart from the president s point of view. Should he compromise on getting money to build that wall . I think he should compromise each though i think its against his instincts. Stuart youre nodding your head. Hes got more important fish to fry. The borders a little calmer, a little saner, fewer people trying to cross. I would get more important things like tax reform and health care done and compromise. Thats what leaderships about, hes a leader now. Stuart i agree 100 . Again, were all on the same side. Why doesnt Chuck Schumer say heres five things we need, pick any two, pick any three. Thats the way donald trump does business. Stuart you have a chat with him later on today do you think hell take my call . Stuart he certainly would. [laughter] weve still got a dow thats up 200 points, and some individual stocks are very much in the news. Hallly burton, a surge of drilling activity in north america, theyre just up 21 cents, but theyre up. Higher profit at hasbro held by demands for video games, very solid gain there, 5 higher. Theres a medical supply merger, becketten dickenson buying cr bard for 24 billion. Bard is big in oncology and surgery. Theyre getting together. Now this a new original series on netflix, the title is 13 reasons why. Its aimed at teenagers. Critics say it might glorify suicide. Well have a discussion of that in just a moment. And President Trump saying we will get tax reform news this week. I say its going to be focused on cutting Corporate Taxes. Will that be enough for zane tankel . He runs a whole bunch of businesses. Well ask him in just a moment. Im Nicole Petallides with your fox business brief. After macron winses and moves ahead in the first round of the French Election, that brought optimism around the globe and right here at home. The dow up nearly 200 points, s p 500 up 22, and there is optimism across the board. Financials up 5, 6, 10 , and you can see names such as jpmorgan up 3 roughly. Nasdaq hitting an alltime high, and the names you know including google, microsoft and priceline and tmobile all hitting alltime highs, and were going to watch for google and microsoft to report their numbers on thursday. Netflix saying its going to raise over a billion dollars to continue with its funding of original programming. Its been a stellar performer, up 50 in the last year. Start at five a. M. Well see you there. Stuart just in, President Trump tweeting about the wall. Here we go, im reading it for you the wall is a very important tool in stopping drugs from pouring into our country and poisoning our youth and many others. If the wall is not built, which it will be, the drug situation will never be fixed the way it should be. Hashtag build the wall. Peter . I like the concept of a wall, i dont like the notion of a physical wall. There are technology and, in fact, Mother Nature does a pretty good job of walling back some of this. We have to think about this in a much more sophisticated way. Yeah. Weve already talked about Eminent Domain fights with ranchers, clive bundy types wont like it. But, you know, the president continues to test twitters 140word tweets. Stuart its another insis tent demand, get this done. Its like the tax statement from last week which im going to play you right now. The president says were going to have an announcement on tax next week. Roll tape. We will be having a big announcement on wednesday having to do with tax reform. The process has begun long ago, but it really foramalie begins on wednesday formally begins on wednesday, so go to it. Thank you very much, everybody. Stuart he surprised a lot of people. He said, look, get this thing done. With us now, zane tankel, you run about 43 applebees correct. Stuart and other businesses. And youll take any tax cut you can get. It doesnt end with a tax cut. Think about it. Corporation tax cuts evolve into Something Else, either expansion, hiring, labor has a way of finding its own value, raises, lots of Different Things that happen. If we take it all at once, theres often unintended consequences. So lets start with the Corporate Tax cut stuart narrowlyfocused. Well, because he can get it done. Stuart okay, which would you rather have, a cut in Corporate Tax rates or repeal of obamacare . Because obamacare affects you guys badly too. Yeah, yeah. Stuart which would you rather have . Stuart [laughter] i dont know theres a conflict in going at both. I dont think repeal of obamacares really going to happen because theres certain things that are good. Preexisting. You cant just throw those people out into the street. Staying on your parents plan til age 26. We can work it. We can tweak it. We can move be move it. The things that are bad about obamacare, we have to feed into their navigation of what is health insurance, what is not health insurance. Their narrative, not navigation. Their narrative of what is and what is not appropriate health care. Mandatory fees, taxes, etc. So we can play with that. But i think the tax cut is the one that really stuart thats what you really want well, thats what moves this economy, quite frankly. Stuart youve heard this before, the president , republicans say were going to do it, were working day and night. Were going to do it. Do you believe its going to happen . Well, stuart, i was with you, fortunately, i was blessed to be with you two weeks ago and i said, yes, i do believe its going to happen. Its too important to his presidency. Its too important to the whole campaign as such. Stuart but you realize what hes saying. The president is saying to the Republican Party, get this done. I know what east saying what hes saying. Stuart unify. He also has to move a bit. I think that wall thing, to peters point, theres technology today. The israelis can put a beam from one end of our border to the other end, and anytime you cross through it, an alarm goes off. We could think about the billions of dollars that wall could cost, you could employ twice, three times as many Border Patrol Police Stuart so zane tankel, ace businessman of new york city says not that concerned about repealing obamacare, not that sure we really need to build the wall, but i want my tax cut for businesses. Exactly. [laughter] exactly. Stuart youre a very honest guy. How is business . Is it all right . Business is marginally okay. The restaurant space is still suffering stuart and you think it would really pick up if business taxes were cut . Oh, yes. Most definitely. Stuart it would . Most definitely. And better yet, if individuals taxes were cut, quite frankly, because theres more discretionary income. But one leads to the other. Think about repatriating money thats offshore. It comes back into the United States, goes back into circulation. Where does it go . It goes to the people, ultimately, right . Doesnt go to t pulation if we bring back trillions of dollars that are sittin ba accounts all over the world in thailand, in china . Stuart fair point. They dont want to bring back here now, it comes back into circulation. Where does that circulate to . Stuart okay, ill hear you and ill repeat, zane tankel wants a cut in the business tax rate. And lets hope theyre listening. Stuart thank you very much, indeed. By the way, the dow, its not exactly lost ground, it was up 220, now were up 190 points, there you go. Thats still a very solid rally. News on netflix. They have a new original series. It is titled 13 reasons why. Critics say it might glorify suicide, liz . Yeah. Teens are watching this, theyre Binge Watching it, and news is crossing that New Hampshire schools are emailing parents with warnings about it. Dont let your teenagers binge watch it without helping them to process it. Each episode basically focuses on a reason why the teenager commits suicide. Its being talked about as glorifying or romanticizing suicide. It doesnt it only focuses on what the people do to her, not how she internalizes the messages, and one Mental Health expert says this is extended revenge fantasy. So its kind of a dangerous zone for netflix to be in, but its not affecting the stock. Stuart got that. Thank you very much. Check this out, please. Jamie colby, she is the host of strange inheritance on the fox business network. She recently headed to oregon to meet a family which had inherited a massive b17 bomber. Their father bought this thing right after world war ii. She is with us next, but first, just watch this. All right. Are you ready to take the controls, jamie . Are you ready for me to take the controls . You better do it, because were heading towards the water. Oh, thats not good. Rattling around in the noisy aluminum cockpit, i see that our 1800mile trip to oregon is no easy flight. You might want to push the nose forward a little bit. You psi see how were d you see how were climbing up . You went up about 500 feet. Go ahead and make a left turn here. You know this is my first time flying . Really . Youre doing a great job. Your Insurance Company wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Stuart scraim hawaii colby is with us. She is the host of strange inheritance. She recently flew a b17 bomber. Now, theres a story behind this, and im going to get to it. Welcome to the program. Thanks, stuart. First of all, wow, flying fortress. Dropped a lot of bombs during the war. One of the most efficient aircraft. What the heck was i doing behind the controls . Taillight surprise. But a family, their total surprise. But a family inherited a bomber. Stuart they inherited a bomber . This woman, her father wanted to sell more gasoline as an independent gas station owner than anyone else in the u. S. , and he did it. You know how . Off the highway you would see a b17 on top of the gas station for decades, so a lot of veterans and families would come and see it, and theyd fill up. Then he opened a burger joint, theyd get lunch. He was a shrewd and smart businessman. This family is committed to rebuilding this bomber. Its in a lot of pieces right now. So i couldnt fly one not sure i would, having seen it apart. But the couldings foundation has a lot of remember our tank episode, the big tanks . They also had that collection. So, basically, i get behind the controls and learn all awe about this amazing aircraft. Fly it successfully, im glad to say the crew made it too. Stuart hang on, were a financial program. He bought the plane about 1517,000. Stuart how much is it worth now . In the tens of millions of dollars, the ones that are done. You cant afford it, stuart, even you. [laughter] stuart theres nothing strange about that. Jamie, what time . Two tonight, one fashion, one flying, 99 30 tonight. This is the last of our season three episodes. We are already shooting season four. Stuart excellent, jamie, i shall watch it. Thank you very much, indeed. There will be more varney after this. I have asthma. One of many pieces in my life. So when my asthma symptoms kept coming back on my longterm control medicine. I talked to my doctor and found a missing piece in my asthma treatment with breo. Oncedaily breo prevents asthma symptoms. Breo is for adults with asthma not well controlled on a longterm asthma control medicine, like an inhaled corticosteroid. Breo wont replace a rescue inhaler for sudden breathing problems. Breo is specifically designed to open up airways to improve breathing for a full 24 hours. Breo contains a type of medicine that increases the risk of death from asthma problems and may increase the risk of hospitalization le. Stuart what a way to start a monday morning. The dow goes straight up. At one stage up over 220 points. Peter, i think it is about the French Election. Paris in the spring. A lot of people are very excited what it means for france. A lot of peoplwatching on wednesday. My opinion on tax it may be smaller, you gotta believe. Stuart well take that. Thank you very much, peter. Connell mcshane it is yours. We do have breaking news on cavuto coast to coast. Good to be with you in for neil. The stocks are rallying on optimism that the centrist candidate in france, emanuel macron will be the next president of the france. He is headed for a runoff against Marine Le Pen on 7th of may. Investors love the idea how it is playing out