Transcripts For FBC Varney Company 20170623

Ka Kathy Griffin and the trump hater who scott Steve Scalise and came close to a massacre of republicans. And they use obscenities to describe the president. Theres a sign that its hurting democrats. And there was a fourth republican win and trump hasnt lost one. Despite the talk of russia and spewing of hatred, the president has held steady for Approval Rating of 40 . Thats not great, but thats the back drop this morning. Varney company is about to begin. Frankly, i dont think theres any way this gets negotiated in two years, i think there will be remaining and lasting uncertainty in great britain, but in the u. S. I think its a huge buying opportunity, i would be looking for the great down stories in and i would get in with both feet. Stuart oh, yes, that was former Goldman Sachs partner, varney regular peter kernen, one year ago today, to get into the markets. The day of the british exit vote. Take a look since then. The major averages all of them up nicely with a good assist from the election of President Trump. Here are the tech stocks, straight up big time, 30, 30 up. More big name stocks since the brexit vote all of them straight up big time. How about the banks, Financial Companies, what happened to them post brexit, 63 , look at that, all of them straight up. How about oil stocks since the british exit vote one year ago today. Look at that, two of them down, one of them virtually unchanged. Didnt do much and oil stocks about it. One year ago today, the brexit vote. The big news in politics and money today, this friday, the Senates Health reform plan. Four conservatives senators say theyre not going to do that without changes. Rand paul, texas ted cruz, utah mike lee, wisconsin senator ron johnson. Joining us now, Fox News Contributor, byron york. All right, byron, i cannot believe any republican senator will kill this bill. Kill the president s growth agenda, ruin the g. O. P. As a ruling party and leave the rest of us to suffer under an unchanged obamacare. I cant believe when push comes to shove, theyll pull the lever. I think they need 50 plus the vicepresident to pass this and we have four right now saying theyre holding out. What are they holding out for . Theyre vague what it would take for them to vote for this bill. Weve seen a lot of conservative commentary from those who have been opposed to obamacare all along. Theyre saying dont call this Obamacare Repeal because its not Obamacare Repeal. If subs did hes go under obamacare to people who have make 400 of the Poverty Level and we change 350, thats tweaking obamacare. These senators have not said exactly what they want. Stuart i think theyre in negotiating mode, byron. Absolutely. Stuart theyre going to take a hardline stance, but i think theyll come back if not them, maybe some democrats will join. And stay there, ive got to deal with Something Else for a moment. Rand paul, senator paul says the senate bill didnt reform much of anything. Listen to this. My fear is when i look at this, i keep reading it and its like, it sounds like obamacare to me. Doesnt sound like obamacare light, in some areas it may be obamacare plus, on the subsidy side. Stuart all right. Joining us now, betsy mccoy, former new york lt. Governor, author of beating obamacare, the word repeal occurs, repeatedly throughout this bill. It repeals the individual mandate. You will not be forced to buy Health Insurance or pay a penalty. It repeals the jobs killing employer mandate. So that hundreds of thousands of people who have been demoted to parttime status so their employer could avoid the mandate will now be able to work as many hours as they can. Stuart taxes. The most important of all. It repeals virtually all the obamacare taxes, including that insidious 3. 8 investment tax surcharge and the socalled medicare payroll tax, the funds of which do not go to medicare at all. Stuart i think rand pauls main objection is to the subsidies and payments going to the Insurance Companies, they stay. Yes, it is a new world here in terms of the publics expectation that people who buy in the individual market below a certain income level will get some sort of government assistance or tax break. That is true. Stuart and thats staying. That is staying under this bill and under the house bill, but let me point out the other critically important reform. Medicaid, the nation is about to be drowning in red ink because of medicaid going like this, 74 Million People enrolled and the costs are escalating. Its far more entitlement crisis than medicare and this bill provides a solution to that. Stuart it slows down the rate of increase in medicaid. And provides incentives for states to pend money more wisely on medicaid, delivering care. Stuart summing up, if your opinion, this is Obamacare Repeal and replacement. It is and its step two. Step three is the conference between the house and senate and bringing a final bill to the president s desk and dont let those members of congress go home until they do it. Stuart all right, betsy, i think we know where you stand. Thanks for joining us. Check the futures market, where are we going when the market opens in 23 minutes . Ill tell you, well be pretty much dead flat, maybe a slight loss for the dow industrials, but the s p up a little. More retail ice age. Look at this, bed, bath and beyond theyre going to be way down at the bell. Weakest sales, that is the retail ice age. Bed, bath and beyond, 10 lower. And the restaurant chain sonic, thats going to be done. Pretty much the same story, weak sales as well. Theyll be down 2 . Thats sonic. How about the price of oil. At or close to a 10 month low. 42 a barrel this morning. That means, and i think im going to be right on this, gasoline is coming down. Woo hoo . Stuart thank you very much. 2. 27 is your national average. Cheapest states for gas, South Carolina, a buck 94. Oklahoma, buck 98. And alabama 2 even and gas buddy tells us the cheapest gas in the land a food mart, oklahoma city, pick up a gallon of regular for 1. 68. You know what . What. Stuart im going to be right. Stop laughing. He he said one week from today it will be 2 and lower. Liz does that mean youre getting in the van and dreefg dreefg driving there and going to mcdonalds for your 60 cent cup of coffee. Thanks, weve had production falling, thats why oil is up today. I wouldnt head to mcdonalds yet, id wait until next week. Stuart welcome to the show straight ahead. [laughter] ive got to get back to politics because thats what were about, politics and money. President trump speaking about nancy pelosi on fox and friends this morning. Roll tape. I hope she doesnt step down. I think that it would be a very, very sad day for republicans if she steps down. Id be very, very disappointed if she did. Id like to keep her right where she is because our record is extraordinary against her, but well see what happens. There has been a lot of talk about her stepping down. Well have to see what happens. Stuart byron york, youve got to laugh, but you tell us, how long do you think that nancy pelosi lasts . The president is pelosis biggest supporter. We know a lesson from the georgia six race, republicans to came down working on that race believing the attacks on nancy pelosi, their attempt to collect john ossoff to nancy pelosi were very, very effective. They think that the democratic brand is just toxic in some parts of the countries and nancy pelosi is the personification of that. You heard some republican consultants saying, please, nancy, dont ever retire and the president doing a little bit of trolling right now, but there are democrats who are unhappy with nancy pelosi, kind of agree with republicans, and we saw a very defiant nancy pelosi yesterday saying im not going anywhere. Stuart were going to run that sound bite later because it was frankly extraordinary. Byron york, thank you for joining us, have a nice weekend. Thank you, stuart. Stuart coming up, instant million fairs millionaires created overnight. Nba draft. 16 College Freshmen taken in the first round. Instant millionaires. How much Kim Kardashian made, 14 million. Well be back. upbeat electronic music im living that yacht life life, life top speed, fifty knots life on the caribbean seas its a champagne and models potpourri on my yacht made of cuban mahoghany gany, gany, gany, gany watch this friday morning, 9 14 eastern time. Where is the price of gold . Ill tell you, 12 57 up eight bucks in the early going. A new director of the star wars movie, the last two quit very suddenly. Who is it . Its ron howard. Its an interesting choice. Hollywood veteran Academy Award winner, but look, this is going a create a production delay for this. Its the untitled han solo film. And there were creative differences, the death nell. Disney has put in a lot of money in the star wars movie, and the spinoff for the merchandise, youve done those segments before. Theyre looking for a 2018 release date for the unnamed movie. And two films have been shot and switch directors from two millennials to ron howard. Stuart i wonder if the series has run its course. Has the franchise run its course . Tired out . It might be. Stuart thats what happens in old age. Yesterday, President Trump hosted a tech summit, much of it was about drones. The ceo of the Drone Company called measure, he was in meeting. So, welcome to the program, good to have you with us. Good morning, stuart, thank you for having me. Stuart this was all about new emerging industries, drones being an emerging industry. Give me a list of how you use drones in your company measure. Sure, well, measure is one of the largest Drone Service operators in the country. Were working directly with the fortune 500 in a couple of different verticals, Energy Infrastructure and hold on a second, that doesnt mean anything to me. Are you telling me that drones fly around cell towers to check it out. Were driving around cell towers and taking 3d models for verizon and at t and preventing folks from climbing up on the towers. Its a very dangerous job. Stuart okay, pipelines, checking solar panels, that kind of thing. Anything you can do from the air, you do, i take it. Youve got it. Were working right now with a companies, one of the largest Power Companies and were identifying dead panels, improving the process and saving money. Stuart can you tell me the growth rate of your business at measure . Weve been growing since june of 2014 when i founded the company with robert wolf. We have about 50 employees now, office ins d. C. , los angeles. Its a growing business and i think as the president said yesterday, its about hiring more pilots for us, and actually making sure the pilots are vets. Stuart but you want regulations, dont you . I mean, its kind of a loose area at the moment. If youre going to really expand, you want to know the rules going in, is that your position . Yes. I think that as a company, we always have a safe legal and insured standard training our pilots to be the best they can be and be professional when theyre out there. We often time exceed f. A. A. Regulations. Were looking to do things beyond visual line of sight operations which we cant currently do. Stuart after the meeting in the white house, do you think are going to get that flexibility from this president . I was very impressed, the president was there, the vicepresident was there, the secretary of commerce and deputy secretary of transportation was also there and spent hours talking to people like me, drone experts about what we can do to make those regulations more flexible, grow the industry and make sure america is number one when it comes to drone. Stuart real fast, you dont make the drones, you use them as a service. Who does make them . Are they made in america . Sure, there are companies that make drones in the United States and also in china that make drones. If you look across the industry, there are thousands of Companies Making drones right now. We use the ones that work best for our customer. Stuart all right, brandon declet, let us know when youre going to do an ipo. Sure. Stuart so youre going to do it ipo . Not enough time for that one. The question, is amazon getting too big, too powerful . Later this hour, a guest who says the company could be a monopoly. 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Classic example, retail ice age. Rook look at bed, bath and beyond, opening with weaker sales. Instant millionaires, 15 freshmen taken in the first round, thats a lot of instant millionaires. The raiders quarterback derrick carr agreed to a five Year Contract extension worth 125 million over the life of the deal. The important part, the young man gets a 40 million guarantee at the signing. No matter what, he makes 40 million. Kim kardashian, her new makeup line sold out in under three hours. 300,000 kits sold, an estimated revenue intake of 14 million. Nice work if you can get it. Yesterday, we had commerce secretary wilbur ross on the show. I asked him about amazon, is it getting too big, too powerful . Here is what he had to say. Roll tape. I havent seen anything that amazon has done that would qualify remotely for antitrust consideration. Stuart and thats what a lot of people say. You cant get them on the antitrust rules, but i wonder if there will be a political kickback with their power. I dont think so. I agree with the secretary on the point theyre getting into different businesses, but i dont see conflict, especially from any kind of government action. Football and food. You buy whole foods, youre going to stream football, those two do not overlap with each other except in our home in a very good way. Stuart you could say their online selling dominance is a form of min monopoly, but thats a bit of a sketch. Liz i agree with cheryl. You can see the eu going after amazon at some point theyre all about private Small Businesses, they dont like it when they have big American Giants coming in and stomping on their businesses and they hate that, but amazon is so big, even fed president of the chicago fed Charles Evans says were now looking the an amazon because its keeping inflation though in groceries and retail. Were talking about deflation. The fed, remember, they want to hit the 2 target of inflation in order to raise rates. If amazon is that big and powerful force to keep rates low, inflation low and then rates low, Interest Rates low by the fed. Stuart thats fascinating. Liz a big deal. Stuart a fed president mentioned amazon as a way of keeping prices down and that factors into Interest Rates . Im going to add one more thing and i know we have to go. Its great for Small Businesses. No better way to get your product out there than to amazon than a huge audience. I think its a winwin. Stuart where were going to open the market in four and a half minutes time. Down a fraction on the dow industrials and on the other indicators as well. The price of oil is going to be important this morning. Still around 42 per barrel. Not great for stocks. It would be terrible if it dropped further. But we will open that market just over four minutes from now and youll be there to watch. Here comes the fun with seadoo starting at just 5,299 and up to 500 rebate visit seadoo. Com today 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. 30 seconds to go on a friday morning before we open up this market to close out the week. Yesterday, we closed at 21,397. About 100 points shy of the alltime record high. Not suggesting well get close to that today and we will actually open on the downside. Were expecting a loss of 20, maybe 25 points on the dow industrials. In a moment well be looking at the bank stocks and Health Stocks and as always big tech. Were of and running and were down. 16, 15 points, 15 points down. Not all opened up at this point, but we are seeing a downside trend in the very early going this friday morning. The dow is at 21,300. Plenty of red on the lefthand side. Joining us today, Cheryl Casone making a welcomed return. Liz macdonald and Scott Shellady. Weve got the bill at the senate and were promised tax reform soon. Jeff, i say were off and running and its a positive thing for the market. Here is the thing, theres been a lot of rhetoric and on the stock market and the economy. Enough with the rhetoric, we have to get action and we have some deadlines coming up. They have to work hard to get them. Not spend the summer working at the beach, but stay. Stuart you want them to stay. They need to stay. Liz and look at the stocks that could pop if obamacare reform. We knew it was going to happen. Obamacare exploded on the launch pad. It took too long to reform and fix it. If he gets this done, youre right, the horse is out of the barn. Stuart Scott Shellady, youve said this market is a showme market. Show me Health Care Reform, she me tax cuts, are you happy . Not really. I dont think they should have started number one. But number two, i dont trust things when i see the Health Care Insurers happy. It makes me leary when theyre happy. The stocks are rallying and i think theyre rallying because they dont think its going to go through. Im suspicious. Theres going to be a ton of rhetoric, i dont like the idea we started with health care, we should have done taxes first and let obamacare fail and come in and save. Conservatives arent going to get credit for saving everybody, thats the problem. Stuart look, i think the insurers rallied because the government under this Health Care Plan, cheryl, is going to stick a whole bunch of money into the Insurance Market. Scott, no offense, i think youre looking at shortterm, longterm. Its not just Health Insurance, its hospital companies, drug makers, look at Biotech Opportunities right now. Theres a full, you know, all of these groups together dont rise just because theres some thinking the whole thing is i dont buy that. Stuart jeff sica wants another word in. A lot of these Health Companies like aetna make made on the Medicaid Expansion and thats very much on the table so i dont know what this optimism is about health care, but its unwarranted, completely unwarranted. I agree. Stuart and a slowdown in the rate of increase, get that straight. Thats why theyre rallying. J. P. Morgan says walmart could still come in and counter amazons bid for whole foods. Thats interesting. What do you make of this, Scott Shellady . Yeah, well they could come in and do it, but bezos will one up them. He wants it. I dont know if walmart wants to get in a fight with bezos because if they do, i think that bezos is going to win. They could outbid him, but he will ultimately get it because he wants it. Stuart i like the way walmart has gone up. Walmart is a johnnie come lately. They should have bought whole foods when they had a chance. And amazon is a better fit. Walmart should look to buy somebody else in that space, but i dont think its going to happen. They bought jet. Com already and theyve got the delivery platform, the online platform, they need to utilize it. I wouldnt count out walmart yet. Stuart would you buy walmart stock at 75 . No, i wouldnt. Amazon has a war chest 20 billion for this acquisition. Walmart is not focused on that, this is not what they want to do. This is all, yet again, rhetoric, its not going to happen. I agree. Stuart to the retail ice age, thats our story, thats our theme. Look at this, bed, bath and beyond, weaker sales and the stock is down 11 at this point. Would you buy bed, bath and beyond . No, this will be another casualty. Theyre about to take their last breath. Stuart wait a minute, i shop, bed bath that was beethovens fifth. And they sell 50 different candles, a lot of useless stuff you could stop for on the internet. Varney company slams it on the ice age. Get your two cents in, scott, come on. The foot traffic and store traffic has gone down faster than the online traffic has gone up. Its a lot bigger. As long as thats the case, its hard to come out of this death spin. Stuart here is another aspect to the retail ice age, and thats shoplifting. Theres a new study, its called inventory shrinkage, the polite name for stealing stuff in a store. Well, its gone up to 48 billion dollars worth of shrinkage, shoplifting in a year. Liz theyre calling it inventory shrinking. On the street, shoplifting is called the fivefinger discount. The shoplifting incident, dollars stolen, 800 per incidents. Stuart oh. Liz people stealing. Thats more than double than 2015. Worker theft, too, retail worker theft, their shoplifting more than doubled. 1900 per incident, up from september of 2015. Stuart thats another negative for bricks and mortar stores. You cant shop lift if youre shopping online. I havent thought of that. You could steal a credit card. Stuart welcome to the show, cheryl. [laughter] take a look at the banks, theyve gone through stress tests, all of them have passed. Whats the significance . 34 banks passed the stress test and next week theyve looking at the capital, do they have enough capital. You know what the end game is here . The banks are fine. All is well, theyre in good shape and donald trump now has more ammo to pull back regulations on the banks. This is a win for the president. Stuart thats doddfrank, more pulling back on doddfrank. Yeah, get rid of doddfrank. Stuart the dow is down 40. Lets check the big board, still at 20,358. Thats where we are. It seems like weve been talking about ubers troubles all week long and way before that as well. Scott, does all of this drama put going public for uber way into the back burner . Yeah, i think theyre going to have to find their footing with a new leader, as muches a the old guy leaving and having a lot of folks want him back in. I think theres something suspicious about that as well. In armed forces the Familiarity Breeds contempt. He think he was too friendly with everybody and lost his leadership and investors saw that. Theyre going to need to find the footing for some type of ipo and thats going to push it off into the future. Stuart cheryl, do you think they can come back and restore the 70 billion valuation . Depends who they hire as ceo. Theyve got several open management positions. Stuart thats all it is . All they need is a new leader, thats all you think it is . Well, and a culture change. Stuart exactly. That has to come from the leader first. Thats a long row to hoe. I think if the bankers are smart, a lot of technology companies, a culture problem can take down a Technology Company because tech is all about internal culture. Stuart thats interesting, a culture problem can take down even a tech company. Do you agree with that, lizzie. Liz absolutely. Theyre known for the frat boy culture. Stuart amazon reportedly to charge 2. 8 million for nfl ad packages. Let me get this right. I believe that means that when theres a nfl game like a thursday night game on amazon and its streamed, advertisers will pay 2. 8 million for a 30second spot. Have i got that right . Thats accurate . Right. Stuart that seems like a lot of money. The networks are 500,000 somewhere around there. But keep in mind, amazon, we dont officially know how many subscribers to amazon prime, speculation theres around over 50 million subscribers, so, theyre also, keep in mind where the advertising is going is very product directed. So its a much greater bang for the buck for the advertisers, to get it on is that the way football and sports are going . Well, its smart for amazon, they pay 50 million for the streaming rights to the nfl thursday night games and theyve got to do is raise the prime buck and that covers what they paid for. Stuart they paid 50 million for the right to stream. Liz now thisll charge for ads. Stuart over 2 million for an ad, sounds like a profit margin. And the Cable Companies have to be very, very concerned about this. And then get your whole foods delivered during the game. Stuart right. Tesla talking to let me get this right. Tesla is talking to the music labels about creating its own streaming service. Liz you know, i dont know. Can tesla find more ways to set their cash pile on fire . Theyve got about 3 billion in cash. I agree. Liz about 15 billion in longterm debt. Their debt swamps their shareholder equity. Theyve got spotify in cars sold overseas, why do they need to spend money for buying the streaming when theyve got ventura, apple doing it. Theyve got to build charging stations for their cars. Stuart and keeps on going on. Liz he is a rahrah p. T. Barnum. He comes out like this, rahrah. I want a car company to be good at making cars. Hes gone off on the energy sector. At the end of the day theres commoditization of what is in your car. Is reminds me of blackberry. Yeah, it might be better, but it might not be wanted. Stick to making good cars and leave that other stuff alone. Stuart when are you going to come back to america . Youre not going back to illinois. Illinois wont be there, some of it will be iowa and indiana. Stuart therell always be big ben behind your shoulder. Thank you very much to jeff and scott, great performance on a friday morning, good stuff. Thank you. Where are we . Were down 37 points now, 21,359, got it. Restaurants, new york state, had a problem. One thousand locations shutting down just last year, possible reason . The rising minimum wage. Full story on that coming up. And businesses in baltimore suing the city over the freddy gray riots. Why . They say the city didnt do enough to stop the violence. More on that in a moment. This lovely lady has a typical Airline Credit card. So she only earns double miles on purchases she makes from that airline. Whatd you earn double miles on, please . Ugh. Thats unfortunate. Theres a better option. The capital one venture card. With venture, you earn unlimited double miles on every purchase, everywhere, every day. Not just airline purchases. Seems like a nobrainer. Whats in your wallet . All right. Down almost 50 points. 13 minutes into the trading session, 21,349. Look at alphabet. Truly astonishing numbers on the youtube service, nicole, ive described them as astonishing. Tell me what they are. Nicole so many people are using youtube, watching youtube, whether you use other google products or not. 1. 5 billion people logged into youtube each month to watch videos. Theyre using metrics to see how much everybody is using youtube. It only shows you how important video is, especially on mobile. It is huge money potential for advertisers, and it shows that the video content really has central to growth. You watch one hour which stops you from watching four hours. Its much like watching television. With that now, everybody wonders, a short time ago advertisers were pulling out of youtube, they were concerned that their ads were next to objectionable videos and now advertisers may be rethinking this one. Theyre watching for an average of an hour a day, video, an hour a day. Thank you, nicole. Truly astounding numbers. New york states restaurants are hurting because of a rising minimum wage. Details, please. Liz and the minimum wage is set to go to 15 at 2019. And they started raising wages and the mom and pop restaurants. Even though the growth in the jobs industry was on the upswing between 2010 and 2015, once it was put in new york state, jobs went down. They went higher, so the number of restaurants that are getting hit by that, you know, aconsidering to the report, they already lost a thousand restaurants last year. They lost a thousand last year. Mostly in new york city. And plus, plus, rising rent, thats the other thing in the restaurant. Stuart that doesnt help. Liz we saw the same story in the San Francisco bay area when the wage went up. Stuart and in seattle. All week long, we have been talking about amazon at whole foods deal. Here is a quote from an oped in the New York Times. Think of amazon as a 21st century version of 19th century railroads. Joining us is the author of that article with the new america open markets program. Lena, welcome to the program. Thank you. Stuart i dont think you can use antitrust legislation to go after amazon. How would you, how could they be reined in the way that we reined in the robber barons a century ago. A good question. Traditionally when we have dominant companies who are abusing it, weve broke up the power or regulate it. We have this similar with amazon, either separate the lines of business that are causing conflict of interest. Stuart who would do that, who would break it up . By what authority . You would do it either through the Justice Department or federal trade commission. Stuart they would be charged with operating a monopoly before breaking them up. You would have to prove that theyre a monopoly and abusing their power. The railroads at the top of the show, it was the commerce act. And fair and equal access. You can mantel a similar regime for amazon ensuring the producers and sellers relying on its platform are able to do that on a fair and equal basis. Stuart do you think we should rein them in and or break then up . I think were reaching an Inflection Point where well have to grapple with that as a society. Amazon controls 43 of all online sales. Prime members i think around 80 million at this point. 60 of all online stopping searches begin on amazon and i think in many ways should they be punished for a brilliant Business Model which is wildly successful and brings down prices to are consumers . I do not deny its a brilliant feat of innovation in many ways. Amazon pioneered internet retail. But remembering in Certain Records its built its dominance through certain kinds of predatory conduct. Stuart give me an example of p predatory conduct. It was diapers. Com, and then it squeezed the company and purchased it. Stuart therefore, im with you. But to go after amazon would be a political decision. Not a market decision, not an economic decision, but a politician would have to instigate this . I think all decisions are political in so far as the government bringing them. This is good reason to think this is causing economic harm. A lot of the Small Businesses that are dependent on amazon are terrified. In many instances amazon is not only serving as a platform for them, but competing with them and theres a lot of terrific reporting both by bloomberg and wall street journal that shows that amazon conflict of business, it uses that information to go head to head with them undermining them on price and expanding its own sales at their expense so these are forms of conflict of interest that traditionally we recognize as anticompetitive. Throughout American History weve had companies that achieved remarkable dominance and produced technologies, but we as a society needed to address the power that comes with the technology to ensure that it serves the public. Stuart im reading between the lines. You really want to go after them, dont you . I think theres good evidence that amazon has been abusing forms of conflict of interest that do you own the stock . No, i dont. Stuart lena, you make a good argument and we appreciate that. Thank you. Check that market scan is what we call it, all 30 of the dow stocks displayed on the lefthand side of the screen. A bit more red than green and the dow is down 41. Businesses in baltimore suing the city. They say officials didnt do enough to stop the violent riots after the freddy gray shooting. Well deal with that in a moment. 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. And, these plans let you choose any doctor or hospital that accepts medicare patients. You could stay with the doctor or specialist you trust. Or go with someone new. Youre not stuck in a network. Because there arent any. 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Of course, thats going to bring jobs. Theyve been killing it when it comes to appliances and thats where they see the future and theyve been doing very, very well. This factory will be refrigerators and washers and dryers, thinking to think how many i own, several. Frankly it kind of hurts the american manufacturers, if you will, but theyre produced in the u. S. And Foreign Company producing their appliances. Stuart interesting, theyre not going to build smartphones here. Neither is apple. Dozens of Business Owners are suing baltimore. They say city leadership failed to protect them and their property during the riots of 2015. Give me a report, tracy. Now, these are the riots that started off 25yearold freddy gray died in police custody. Now, more than 60 Business Owners whose stores were damaged or destroyed, theyre suing the city because they said the city didnt do enough to stop the riots and do their job. And police, city, county, state of this. And the mayor didnt step in soon enough to put in a protective order to keep the businesses safe and residents safe so the rioting. Stuart ive not heard a case like this before. Where you sue the city because they didnt act to protect your property. Liz it sets a precedent. Stuart it sure would. If theres any other incident like this, the city will be on the hook for damages if they dont do enough to stop it. Good story, tracy. Thank you very much indeed. Obamacare collapsing, its finished. If youre a republican senator, will you be the one to vote no on the bill . Will you . My take on that is next. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this. Stuart suppose youre a republican senator, are you going to vote no . It is crutch time, you have to vote. Would you want to be the republican who is no vote kills Health Care Reform, ruins the president s growth agenda, destroys the gop, as a party, that can govern and keep as disasterous system in place . Are you going to do that . Probably not. Think about it, obamacare is collapsing. Its done, its finished. There has to be a replacement. The democrats wont do it. President obama says the republican plan will do you harm. Nothing can change the fundamental meanness at the core of this legislation. That is the democrat position. Oppose, block, resist. The left has no replacement plan at all. There has to be a replacement, it is Republican Party that has to put to put it in place. As of this morning four republicans have big problems with the senate plan. They are against it in its present form. They will negotiate, they will armtwist, horse trade, suggest changes, then comes the vote. At the end of the day it is very hard to see them killing the whole thing. So youre going to see intense debate and a lot of brand standing. My question stands, would you want to be the republican senator whose no vote sticks it to america . The second hour of Varney Company is about to begin. Stuart lets get, laughing still. Get to your money. Were getting the latest numbers on new home sales. Liz wow, up, now 610,000. They were looking for 597,000 on annualized basis. Watch the homebuilder stocks. They are likely tip more into the green. See to brothers action right there. Toll brothers. Home prices have been on a steady fiveyear, yearoveryear rise. Stuart you have a number on new home prices . Liz well get the dollar amount shortly. The median price was 252,800. That is over all prices. Stuart 345 houses . Liz for new. For existing, 252. 8 k. Overall. Stuart that is a strong number. It hasnt yet affected the big board. Check it please. Were still down 25, 30 points, 21,364. Maybe the market hasnt digested that real estate number. 2. 9 jump in new home sales in the month of may. Not bad. New check names tech names. Sorry, i will start with bed, bath beyond. That is dramatic. Down 10 on that stock. Weak sales. This is retail ice age at large. One of our market watchers earlier on this program said, bed, bath beyonds days are numbered. I think that is overdoing it a little bit. Liz yeah. Stuart i think it is overdoing it. But he said it. The stock is down 10 . Look at finish line. That is a chain of sneaker shoe sellers. Their top shareholder has increased his stake in it and it is up 9 . Not all bad news for retailers, i got to tell you. Barnes noble loss less money yesterday. That was reported and the stock is up 8 1 2 . The price of oil has been affecting the stock market, not so much today. 43 per barrel. That is where we are. Let me get back to the editorial at the top of the hour. I took a strong line. Four gop senators opposed to the new health plan. Here is what President Trump had to say about that. Roll tape. There are also four good guys and four friends of mine. I think they will probably get there. Well have to see. Very complicated situation from the standpoint, you do something good for one group but bad nor another. It is very, very narrow path, but i think were going to get there. We have four very good people that, not that theyre opposed. They would like to get certain changes. And well see if we can take care of that. Stuart joining us now, congressman jim jordan, republican from ohio. I think good morning, sir. Im sure you heard my editorial at the top . Yeah, i did. Stuart i dont know why youre still laughing. But youre still laughing. Thats good. I wouldnt want to be the republican senator who says no, that kills the whole thing. I dont want to be there. I dont like think they will be ones that get there. Theyre good friends of mine and conservative lawmakers know what needs to happen. In the end well get a bill because we told the American People we had to do something. Talking about meanness, one thing that is mean what obamacare is doing to the cost of premiums. Focus on bringing those down, exactly what we in the House Freedom caucus and the house sent the bill over there. I think in the end we greet an agreement and get a bill that relieves some of the things happened to American People because of obamacare. Stuart a lot of obamacare is swept away with this bill. Yeah. Stuart the taxes are gone. Mandates are gone. Many employer mandate is gone. A lot of stuff that just goes. You cant say that it keeps obamacare as obamacare light . Well, the amendment that senator cruz is pushing, if that goes in, it is would be really good. This amendment is Consumer Freedom amendment which would basically say, Insurance Companies as long as they offer one plan that is compliant with all the regulations that are in obamacare, then they can offer other plans that the actual consumers and families and individuals want. That would be great. If that amendment goes in i think senator cruz will be supportive. That is what he is pushing. It is a great idea. It empowers families and empowers individuals what we told the American People what would we be do to get rid of the law. Stuart at the end of the day i think it passes one form or another. I cant imagine it will be voted down completely. Having said that, that would seem to set the stage for a nice run attacks reform. I mean, youre off, running, the wind is in your sails. I think things are looking postively, frankly. I agree. Lets get this done. Lets lower premium. Protect the prolife language. Send this bill back. Do the Consumer Choice option, those kind of things are great, if we go to conference well do that but lets get it done. Move on to tax reform and keep the economy moving in the right direction. Stuart okay, you and a couple of your colleagues wrote an op ed on foxnews. Com. It is called trump russia probe gets special counsel but not hillary, not irs. Time to investigate the investigators. What kind of chance do you think youve got there will be special counsel on hillary . We should have hearings in the judiciary committee. Remember what james comey did. At the direction of the attorney general, james comey misled the American People when he said it was a matter not an investigation. Hillary clinton is under investigation. He calls it a matter. Knew it was wrong. Did it willfully, intentionally at the direction of the attorney general. That is not supposed to be how it works in america. This year he misled the American People again when he furthered per essential that donald trump was under investigation when in fact he wasnt and had been told three times by james comey he wasnt under investigation. So when you can not have the Justice Department of the United States misleading the American People on issues like this. But james comey, Loretta Lynch did that very thing. So lets look at that, even Dianne Feinstein has said we should have hearings. We should look into what took place between lynch and comey, what they communicated to the American People. Stuart the election was last november. It aint over. Thats right. Stuart President Trump says he does not want nancy pelosi to step down as House Minority leader. Hold on for a second, jim, just listen to this. I hope she doesnt step down. I think that it would be a very, very sad day for republicans if she steps down. I would be very, very disappointed if she did. I would like to keep her right where she is because our record is extraordinary against her but well see what happens. There has been a lot of talk about her stepping down. Well have to see what happens. Stuart the president kept a straight face but you and i are not. Yeah. Well let their too many figure out who they want to coach it. What we have to focus on doing what we told the American People. Lets stay focused on that. Good things will happen for republicans. More than that, good things happen for the country. Stuart jim jordan, got it. Members of Nancy Pelosis own party are speaking out. Some are asking her to step down. Listen to this. Leader pelosi, looking forward to the 2018 election has to ask herself this question, do i help democrats win swing districts which we need to win in 2018 or do i not . Have an honest dialogue with herself and i just, i think the answer is obvious. The answer is obviously she should go . He oh, i think that if we are going to win, regain the majority in 2018, we have to have new leadership. Stuart spelled it out plain and simple. Joining us now Fox News Contributor tammy bruce. Youre, looks, seems like the pressure is mounting within the party. When does the pressure burst and she leaves . I would love President Trumps response. He is the best troll in the world, barely suppressed grin. It was georgia race. People say why, they have lost so many seats in the last eight years. She has been a disaster for so long, why now . That was the race where in fact handel arguably won because they tied ossoff directly to pelosi. Her strength is she raises money. 24 million for mr. Ossoff, a lot from San Francisco and her district in that area. The question becomes, it is proven in georgia, raising that money doesnt matter if your message is correct. Part of her job is messaging. Not only well give you money but what do we stand for, who are we . In the last eight years they stood for barack obama. He is gone now. They have no answers. She certainly doesnt have them either. Stuart i dont think the democrats have worked out how to deal with President Trump. They tried contempt and hatred and blocking. I dont think any of that is working. Because it is not about, trump won by standing for something, not by standing against something. The American People vote for things. They dont vote against things. Weve known this for generations of course. The democrats though, because there is a real void in what they stand for, they certainly dont want to stand for what Bernie Sanders stands for. They dont understand now what happened now that Barack Obamas gone. Hope and change is not a real thing. They really are at a loss. This is why new leadership has to come in and reform, not just getting rid of her as a person but reform the message and have a new one. Stuart actually a trump victory. Liz its a trump victory. Repudiation of one size fits all socialism that the Democrat Part is. Tip oneill said politics is local. Democrats, this is not our parents Democrat Party anymore. They dont get new england and north even moderates. Stuart im a refugee from socialism. That is the truth, i am. Tammy, youre staying, arent you . I dont know. Whatever you want, sir. Stuart i will figure it out in the commercial. Thats right. Stuart check it out, ladies and gentlemen, the newest tourist attraction in japan, riding around in gocarts. They dress up as mario cart characters. Big deal in japan. Here is coming up, Robert Murray, ceo of Murray Energy, suing leftwing host john oliver, comments he made about his show this past sunday. He joins us with details on that. A bat signed by babe ruth and lou gehrig, up for auction the you wont believe how much it is expected to go for but you are watching the second hour of Varney Company. Stuart Robert Murray is a coal guy. A frequent guest on this program. He is suing Hbos John Oliver for defamation. Mr. Murray is the ceo of Murray Energy corporation. Robert, spell it out for us please. Why are you filing this lawsuit . Good morning, stuart. As you have already pointed out on your very good program we have become a very polarized, vitriolic society where civility, respect an honor often are simply just trashed this is the case in time warners and Home Box Offices attack on me. Our company and coal. Time warner, Home Box Office were behind this. They ignored the truth. Which we gave them twice in writing. And, which we discussed with their lawyers for an hour 1 2 the day before they broadcast their lying statements. Stuart what was the lie . What did they say about you that was not true . Well, allamericans, including all businessmen must be very concerned about whats happening here. I spent a lifetime creating Good American jobs, and advocating the very best safety for our employees and industry and obeying the law. Our lenders, our customers, our regulators and our public depend on integrity and accountability and what they did in answer to your question, stuart, is lie about everyone of those items. We can not allow these radical elitists in their, and their broadcast operative who you mentioned who lives in a 10 milliondollar new york apartment, to destroy the credibility and integrity of our good jobcreating businessmen in this country. You can destroy people with words, and these liars know this. Stuart youre a trump supporter. Youre a coal guy. You must know that there is a target on your back . There is and since this broadcast Murray Energy and our employees have been harassed and damaged every day since that broadcast, of these deliberately untruthful and concocted statements. They did it to defame our employees, me and others in the coal industry and they also defamed 30 reliability needed by coalfired generation in our power grid. Well pursue them to the fullest extent, stuart. I have 6,000 employees and there are 72,000 jobs that depend on them for their lifetimes. Well pursue it to the fullest. This is a tragedy and american businessmen had better take note as to what they are trying to do with me, a guy who has done nothing in his life follow the law, create jobs, and do everything i could as best i could for our country. These people are evil. They are very evil. Stuart robert, we will, we will follow this. Well see what progress youre making in your lawsuit and other side too. Robert murray, everyone, thanks for joining us, appreciate it. Strong stuff. We have uber, continuing their search for a new ceo. Two potential candidates, sheryl sandberg, Arianna Huffington reportedly saying no thank you. Were on that story. President trump hosting a roundtable on drones. Theyre everywhere. Well bring a couple on the set. Well be back. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Tthats why at comcast,t to be connected 24 7. Were always working to make our services more reliable. With technology that can update itself. And advanced Fiber Network infrastructure. New, more Reliable Equipment for your home. And a new culture built around customer service. It all adds up to our most Reliable Network ever. One that keeps you connected to what matters most. Stuart uber need as new ceo. Does sheryl sandberg, who runs facebook, does she want the job, cheryl . Reportedly does not want the job. She is happy at facebook. Arianna huffington, who is abu per board member, her name is on the list. The board approach her about it and she said no. The board wants a woman. The culture of sexism has been an issue at uber. I say as a woman, does a woman in the ceo job actually fix that . I dont think necessarily. Stuart fair question, isnt it. You have got sort of a culture which is, it doesnt work in this day and age and it is abusive. How do you change it . Do you change it with a woman at the top . Is that the next . Im not convinced it is. I say this as a woman. I have a feeling that sheryl sandberg, author of lean in and others, knows this. It is not about gender. It is about who you are as a leader. It is about who you are as a manager. They have to get the right manager to fix this already, who takes over the job as ceo will be a multimillionaire, i say if, but when company hits the ipo market. So i think alan mulally would be a great choice for that job. I have no idea if he wants it. Disney ceo. Stuart other side of the coin, there is another side of the coin here. Over 1000 employees asked uber to sign a petition to get Travis Kalanick reinstated, more than 1000 signed this petition. Liz reinstate him in operational mode role. Maybe he can evolve into leader we need. Stuart the Company Really changed transportation significantly worldwide. They have to act. They have competition on their heels. Lyft is crunching into ubers business. Stuart market come back a bit. We were down 40. Down 18 points. Pretty much a go nowhere friday morning thus far. A revolt against nancy pelosi, one democrat said they will never win a majority in the house with her as speaker will tell us how much in taxes are really being cut. Welcome to holiday inn whether for big meetings or little getaways, there are always smiles ahead at holiday inn. Stuart what is the music . December. Liz earth wind and fire. Stuart that i knew it. I knew it. That is earth wind and fire. Liz you did . Stuart were checking big board. Down only 14 points. Weve come back from a 40point loss. Bed, bath beyond, sevenyear low for that stock. Weak sales. Last night several investment firms cut their price on the stock. Now it is down 11 . Now this. The gop rolled out a new Health Care Reform package in the senate. Former president obama took to facebook to voice disapproval. This is not a Health Care Bill, a massive transfer of wealth from middle class and poor families to the richest people in america. It hands enormous tax cuts to the rich and drug and Insurance Industry paid for by Cutting Health care for everybody else. Grover norquist is with us from americans for tax reform. Concentrate on the taxes. The bill before the senate i believe are rad kate all, i eradicate all the taxes imposed to finance obama care, that correct . Hits about all of them. There may be one or two small ones that dont but they all go away. It is about 900 billion to a trillion dollars over a decade. It is a significant reduction in the tax burden. What the president said that wasnt true is what he said that wasnt true when he sold us obamacare, that only rich people will pay these taxes. The taxes were repealing include obamas taxes on flexible savings accounts. Stuart yeah. That you cant use them to buy overthecounter medicines. 30 Million People have flexible savings accounts, and are damaged by obamacare taxes. Those are going away. The taxes on Health Savings accounts, also, hit 20 million americans. This idea that obama, that somehow he was only taxing the kennedy kids and not theories of us was not accurate. It is about six Million People, eight Million People are paying that penalty tax because they dont want to buy obamacare because it is not worth what he priced it at, so they would rather pay a tax and penalty, millions of americans. Those are not rich people. Those are lower, middle income people damaged by obamacare taxes. Those taxes on Insurance Companies, those are taxes on your insurance premiums, that raise the cost of your health care. These are the taxes that were getting rid of, when we reform, Reform Health care and, block grant out to the the states medicaid so 50 states can do something more confidentially than the one size fits all washington. So president s repeating the lie he told earlier when he said he wasnt going to ask anybody earned less than 250,000 to ever pay taxes. It wasnt true then. It isnt true now. And getting rid of those taxes, the damage to the middle class is good for the economy, and makes tax reform easier to do. Stuart i just need to check a technical question. Those taxes are only withdrawn, they only get taken away when the president signs the bill, is that accurate . Correct. Stuart got to wait till then . Yes. Some of the tax cuts are phased out. They dont all happen the moment the bill passes but they are all, they go away, permanently. Stuart okay. Now, i understand that Speaker Paul Ryan may be pulling away from that proposed border adjustment tax. That is what we hear. I also hear that thing is dead frankly, dead. What say you . Well, its possible. The area of agreement on what were going to do on tax reform is growing. Were going to get rid of the death tax. White house, senate, house. Get rid of the alternative minimum tax. Take the corporate rate down to 15 or 20. Go to a a territorial system. Outside of the zone of consensus right now is the border adjustable feature for the Corporate Income tax. It could in as delayed event, it could be there. But right now, if you have the list of things everybody agrees to which is growing longer every day as we move forward it is not there right now. But were going to get to a bill faster than people expect because of the georgia win, because health care is moving along well, and because there is so much agreement among republicans on the tax cuts. Stuart now that is important. Youre telling us that the Growth Program that President Trump is proposing is actually in pretty good shape . Up until now we thought, there is not a prayer well get it this year but youre now saying no, wrong. Were moving towards a tax reform, taxcut package before everybody else expects. Is that correct . Yes. And again, when the republicans won four special elections and every single one of them the democrats came out and said we could win this one, with he could win this one. Everybody hates trump. Everybody loves obamacare. Everyone of them they lost. The georgia race the democrats bragged was all about repealing obamacare. In a district that Hillary Clinton got 46 of the vote in, not overwhelmingly republican district. 47 of the people voted for Hillary Clinton in this district for crying out loud, then elected republican congresswoman now who is a strong supporter of repealing obamacare and reforming health care. That made a lot of republicans who might have been nervous because they read the New York Times too often to say, oh, well, it is not what it is being projected, but add to that, whose the debate were having now, four conservatives in the senate say, im not 100 on this bill, but talk to me. They have all signaled they want to get to yes. Stuart theyre negotiating, thats it. Yeah. Stuart grover before i close i have to tell you, you might have moved market were making Good Progress on tax reform. We went from a minus 20, to plus 10. Welldone, grover. You can come on the show anytime you like. Okay. Stuart marketmoving guy. Thanks, grover. I will stick with the four conservative senators who say they will not support the gop Health Care Reform bill in its current state. One of the four, rand paul, spoke to neil neil cavuto yesterday. Roll tape. I keep reading this it sounds like obamacare to me. It doesnt sound obamacare light. In some areas it may be obamacare plus on subsidy side. Stuart dont like it. A bit like obamacare. Mark serrano, former Deputy Campaign director for george w. Bush. Mark, i think he is establishing a negotiating position. It is not a final im never going to vote for this thing in 10,000 years. It is negotiating . Youre absolutely correct. Stuart, six days until the vote is scheduled for this bill. That is eternity in poll at thismaking. I would say next friday will be a very good day for the markets because this bill will pass of the those four senators are doing us a service. Theyre holding us to conservative principles. I think president welcomes it. I think leader mcconnell welcomes it when we still have six days. He has a problem with the 100 billiondollar stabilization fund. He has a problem taking subsidies, converting them to tax credits. I think there is plenty of negotiating room on those big points. Stuart at the top of the hour i said i wouldnt want to be a republican senator who at the last minute said no, and kills the whole thing. I just cant see him stopping that. I cant see him doing that, mark, im sure you agree with me . I do and heres why. The real battle will be in the Conference Committee to reconcile the differences twine the house bill and the senate bill. Frankly i think these four senators, one of their negotiating points really ought to be to get a seat on the Conference Committee. It may sound like a procedural step, that will be very important to have one of their voices in that Conference Committee. I think that is a point of negotiation as well. Stuart mark, i am going to run a sound bite again, we ran it earlier, i want to show you President Trump, deadpan, face talking about nancy pelosi. Roll tape. I hope she doesnt step down. I think that it would be a very, very sad day for republicans if she steps down. I would be very, very disappointed if she did. I would like to keep her right where she is, because our record is extraordinary against her. Well see what happens. There has been a lot of talk about her stepping down. Well have to see what happens. Stuart it is cruel, mark. That is cruelty. Go. Stuart, i want to be on the record on your show. I support nancy pelosi for minority leader for life. We need her to stay right there. The president s right. Makes an excellent point. She is not going anywhere. Look the people who said in last couple days that nancy pelosi should go, they won in november with 60 to 70 of the vote in their districts. They are very safe. They dont need Nancy Pelosis money. So it is safe for them to say. They are lonely voices. Democrat party has been hijacked by the far left. Nancy pelosi is a function of that. It is helping them raise money. Theyre not going to change. They will not change their leader. Thank goodness the president s right. Stuart youre on record, mark serrano. Thanks for joining us this friday morning. Marker is rain know everyone. Thank you, stuart. Stuart now how about this . The Star Wars Franchise getting a new film director. Ron howard is stepping in to direct the new han solo movie. Give me more on this. Walking into a bit of a mess to be honest with you. Disney and lucas films fired the original two directors over creative differences. 2 3 of the movie was shot. These are big movies to produce. They are filming in london your old hometown. They will change directors. They have done it. That could delay production. They dont know when the it gets up and running. Stuart my producer said original directors were trying to turn it into a comedy. Phil lord, christopher miller, i never heard of them. They were encouraging improvising by the actors and making it more kind of loose sy goose sy. What are we in high school. Put multimilliondollar picture in hands of two, lienales . I dont i wouldnt. Stuart what have you got against millenials . Coming up drones coming to the white house. You can imagine drones will be everywhere. Well deal with it in a moment because they are coming. Dems revolt against nancy pelosi. Ann coulter will give us her take. Dont miss that. C that is next hour. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. Liz last hour we spoke with jeff sica of circle Square Investments about the price to advertise on amazon. Here is what he had to say. Roll tape. Thats a lot of money but on networks, the networks are about 500,000, somewhere around there, but keep in mind amazon, we dont officially know how many subscribes there are to amazon prime. The speculation is there is around over 50 million subscribers. So, and theyre also, keep in mind, where the advertising is going is very productdirected. So it is a much, it is a much greater bang for the buck for the advertisers to get it on amazon. Here comes the fun with seadoo seadoo has the most affordable watercraft on the market starting at just 5,299 and up to 500 rebate visit seadoo. Com today times up, insufficient were on prenatal care. Es. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Stuart we should cue the organ music for this. Thank you. More stores, 18 stores and two kmart locations are gone. The stock up 13 cents, nearly two . Got it. Blackberry down big. Weak sales for the services that it offers. And blackberry is down 12 . Do you remember blackberry . I used to love them. Then i got a smartphone. President trump people promising to cut down regulations on the Drone Industry. President met with them in the white house. Our next guest was in the meeting, ceo of air map. He joins us right now. Youre a Drone Company right, ben . I dont know whether you make them or use them, which is it . We sort of provide air Traffic Control services for drones. You think of us as next air Traffic Control for drones flying at low altitude. Stuart airports hire you to tell the control tower where are the planes, how close are they, where are the drones, do they, are they in a safe space . That is what you do . Yes, we do that. We work with organizations like the faa and others around the world, as well as the dronemake us and Drone Operators to make sure theyre flying safely. Stuart occurs to me, one of the things you really want is regulation. You want a rule book so that you can operate within it and expand your business. You did you get the feeling at the meeting with the president yesterday, that he would be flexible on regulations for drones . Yeah, absolutely. We want smart regulations. You know, the department of transportation set out really intelligent framework for innovation of selfdriving cars on the roads that allow companies to operate in the commercial cents with insurance, to experiment. These are 3,000pound vehicles made of glass and steel near pedestrians and so forth. But for drones, even 3pound drone we need specific permission anytime we want to fly over somebody. The operating environment is much less friendly. Were looking for smart regulation to allow us to innovate. Stuart do you think it is coming to you, smart regulation . Is it coming quickly . Not coming as quickly as we would like. The faa, nasa, industry are working in a Public Private partnership to develop infrastructure that will really allow the Drone Industry to thrive. Stuart how many airports use your service . We have about 130 airports here in the United States. And we also have a joint venture with an Ecommerce Company in japan. Were deploying these services across japan as well. Stuart what kind of drones do you fly . You mentioned like 3,000pound glass and steel, is that what youre flying . I was talking about cars. So, cars, cars on the road that you know present a lot of risk to people are quite heavy, yet very lightweight he, 3pound drones flying over people are a problem. This is what were trying to fix. Stuart what do you fly . Well, i fly airplanes and helicopters myself but also drones. I have a small drone that only weighs. 6 of a pound that i fly in my backyard. Drones span all sorts of size ranges. Category of small drones which are focus here, are 55pound and below. Stuart forgive me for saying, youre a young guy. Have you been in the drone business all your life . No. I started my career in aviation as a flight test engineer certifying airplanes. Also flight instructor. Flown all kinds of aircraft through my career. Recently got involved with drones because i think it presents the next frontier for aviation technology. Stuart i see your point. Now airmap, that is your company. How old is it . We are 2 1 2 years old. Were 55 people. And growing strong. Stuart okay, tell me how much youre growing. Can you, i know you dont have to, are you going to tell me what your revenues are, last calendar year and calendar year before that, are you going to tell me . Well, what i will say were providing these services for more than 100,000 drone flights every day. The faa, with about 40,000 employees, manages flights of about 50,000 aircraft per day. So gives you a sense of the scale of the Drone Industry and the opportunity we have for growth. Stuart great stuff. Ben, thanks very much for joining us today. I find it fascinating. It really is a growth industry. Good stuff. Benchmark discuss everyone, airmap ceo. Appreciate it. Dow industrials did turn around during Grover Norquists interview. Liz yes they did. Stuart we were down 14, but now were up 13 points. Baseball fans listen up please, four items going on the Auction Block next month, including a Mickey Mantle rookie card in near mint condition. You wont believe how much this is expected to go for at the auction. Back in a second. Stuart lets talk baseball. We have for you, some cool baseball memorabilia that is about to go on the Auction Block. Were talking about some truly iconic items here. Joining us david hunt, president of hunt auctions. Welcome to the program. Great to be here. Stuart lets get right at it. You have this auction coming up july 10th, 11th at allstar game in miami . Yes. Stuart number one, babe ruth professional baseball model bat. Good place to start. When you start with a discussion you have to start with babe ruth. This is special bat he used early 30s, early to mid 1930s. It has characteristics like scored handle. There is secret weapon on end of the bat, babe ruth, upsidedown camera angle, babe ruth and lou garrick autographed back in the period. Stuart that is their autograph. That is makes it special. Stuart not the bat but the autograph, babe ruth and lou garrick as well . Gehrig. They were barnstorming. Bat should be 3 to 500,000 or more. Stuart what . Or more. If you talk about iconic blue chip baseball players, going finance here. Starts with babe ruth. Stuart the other bat on the set here. This is 1949, Jackie Robinson professional model baseball bat. What is nice about this, additional nice piece, from 1949 at the allstar game in brooklyn. It waskys first allstar game in brooklyn. Significance of Jackie Robinson doesnt need to be stated. It has a cachet to it, problem i about 100 to 200,000. Stuart 100 to 200,000 . Blown away, i really am. Game used pieces do appreciate over the years. Stuart i see a baseball card, that is a topps baseball card, 1952 Mickey Mantle rookie card. Before you go anywhere, tell me how much . 3 to 500,000. Stuart for baseball card, Mickey Mantle. This was not in anybodys bike spokes. It is condition. If you look at condition, nearly pristine. That comes down the rarity surviving all these years, never been touched. Stuart im a baseball fan. Blowing me away with the prices. Roberto clement tee, world series ring. 1960. Were honored to have Roberto Clementes personal collection. This is one 50 to 300,000 presale estimate. Stuart david hunt, youve blown me away. I cant believe those prices. I hope you get them. Hope you get more. Thank you. Stuart hold on a second at the allstar game the auction. Yes. Stuart it will be actual action online simultaneously. Yeah. Stuart july 10th, and 11th in miami . Thats right. If youre down there, come to the all stair game, great event. Or go to hunt auctions. Com. Stuart huntauctions. Com . Thats right. Get the right one. Stuart ladies and gentlemen, huntauctions. Com. David youre all right. Thanks for having us. Stuart everyone, well be back. Stuart after the shooting of republican Steve Scalise by a trumphating gunman, you might have thought the left would lay off the hate speech. We dont want Political Violence in our society, thank you very much indeed, but theyre at it again. Act or to have johnny depp at a Music Festival in britain said this when was of the last time an actor assassinated a president . Thats a reference to John Wilkes Booth and president lincoln, got it. And then with a smirk he said, to clarify im not an actor, i lie for a living. Elise jordan said supporting trump is like hugging a suicide bomber. Violent imagery linked to our president. All of this after the mock stabbing of President Trump at a play in central park, new york, sponsored by the New York Times, sponsored by time warner. The outrageous severed head incident from the socalled comedienne, Kathy Griffin. And they wont stop. Weve been saying it for months, the left cant keep its trump hatred bottled up. It is so virulent, it bursts out all over. The democrat leadership should tell them that, a, you are creating an atmosphere of violence and its dangerous, knock it off; and, b, were fed up with; and, c, its not helping you. Doesnt look like senior democrats understand this. Their language remains inflammatory. Johnny depp still spews his nonsense. I guess they just cant help themselves. The third hour of Varney Company is about to begin. Stuart we have just received this from the white house, a statement in response to the comments from johnny depp. P quote, President Trump has condemned violence in all its forms, and its sad that others like johnny depp have not followed this lead. I hope that some of mr. Depps colleagues will speak against this rhetoric as strong as they would if it was directed toward a democrat firchlt ann coulter will join me later this hour to talk about all of the above. Right now getting to your money, check that big board, a very modest gain. Were off the lows of the day, and theres plenty of green amongst the dow 30. We got a modest boost from the new home Sales Numbers last hour which were pretty strong. Joining us now, former cke restaurant ceo andy puzder. Andy, i feel and i want to see if you agree with me on this i think there is now some momentum building for the president s growth agenda. Weve got the Health Care Plan in front of the senate, things are looking much better for tax reform. I think the winds in his sails. What say you . Youre absolutely right. And the economy as weve talked about before on your show, and i had an article on the hill just this month the economys surging, we got a 2. 9 increase in new home sales, everythings trending in the right direction. His legislations moving forward. Weve had 37 or 38 historic highs since the election in the stock market. So if peoples homes are worth more, stocking investments are worth more, more of them are working, theyre making more money, that overcomes a lot of the media bias you were just talking about. The democrats are going nuts, the medias going nuts attacking President Trump not because hes failing, theyre attacking because hes sucking seeding, and hes attacking succeeding. It turns out theyre all untrue, theyve got no leadership. The leadership they have is aged and its coastal. San francisco in the house and new york in the senate. Theyve just got nothing going for them. All they can do is attack the president , and they do it with apparent glee but very vehemently. Stuart i think this, actually, is a plus for the market. Andy, well get back to you in a second. I want to branch out, different subject for a second. Look at amazon, the stock price, please. Jpmorgan says walmart could enter a bidding war with amazon for whole foods. Theres also some talk that amazons just getting too big, too powerful. They need to be broken up or in some way reined in. Heres what commerce secretary will bus Ross Wilbur Ross had to say about that. Roll tape. I havent seen anything that amazon has done that would qualify remotely for antitrust consideration. Stuart andy puzder, do you think that amazon is too big, too powerful and should be reined in or broken up . Not at all. I agree with wilbur, with secretary of commerce wilbur ross. Hes got it absolutely right. Amazon has done nothing so far that would lead people to any kind of legitimate court case or administrative proceeding against them to bust them up as violating antitrust laws. Look, they provide a great service. Theyve brought prices down. Theyve got more goods going to more people. Theyve changed the way people buy things. Theyve helped keep inflation down. Theyre generating a huge amount of business and jobs in the United States. It would be an absolute mistake to try and bust them up which is the kind of thing progressives like to do, but it would be a big mistake for the American People and the economy. Stuart theyve sure ruffled a hot of feathers, thats for sure. Four republican senators say theyre not ready to support the senate Health Reform plan yet without some changes. When push comes to shove, i think this thing is going to get passed. Andy, i dont think that again, when the vote is taken, i dont see a republican standing up and saying no and killing the whole thing. I just dont see that. What say you . I dont see it either. Ive been listening to rand paul and ted cruz talk this morning, and i think rand pauls just plain wrong. This is not a redo of obamacare. The 30hour workweek is gone, the employee mandates gone, the individual mandates gone, the taxes are removed. Weve done a lot of things that really would change significantly obamacare. And ive listened to senator cruz whos a friend and i think actually has a point that wed like to see premiums come down more. Im a little concerned with the fact that we not only keep, in the senate bill we keep the exclusion for preexisting conditions which really discourages young people who think, you know, they think theyre superman or superwoman, they dont need Health Insurance. They can get care at the emergency room for free, and if they get sick, theyll sign up when they get sick. The house tried to address that problem and incentivize people to buy insurance by putting in a oneyear penalty of 30 the Insurance Companies could charge a 30 premium. Of im not even sure thats enough to discourage people to encourage people to buy insurance. But the senate doesnt address it at all, so thats kind of a concern. But i think that can be handled in the negotiation. I think thats what these senators are trying to do when we have the conference on the bills. No, i dont want see the republicans opposing this. Enough republicans to get to 50 so that if we need the Vice President to step in, it passes. Stuart right. I just cant see it. Andy puzder, always a pleasure. Thanks for joining us. Thanks, stuart. My pleasure. Stuart to the market and specifically oil. Its still at roughly a ten month low, pretty close to it. Now look at the price of gasoline. Nationwide the average has come down to 2. 27. The cheapest states for gas . South carolina where regular averages 1. 94. Oklahoma, the average 1. 98. Alabama right there at 2 even. Where can you find the cheapest gas in the nation . At the food mart in oklahoma city. Look at that. Stuart you like that . Holy cow. Stuart filler up. [laughter] jeff flocks with us in illinois. This is the time of year when gas prices are supposed to go up, but the price of gas has been down for 21 days in a row. Can you tell us whats going on . Reporter it does cost more to produce the summer blends, thats usually why the price goes up, but oil prices are so low, stuart. This is a citgo refinery outside chicago, this does canadian tar sands oil, by the way, which if you think right sweet crude is cheap, this is 30 a barrel right now for canadian tar sands oil. Its crazy. And as you point out, gas prices consequently have come down about 6 in the last two months, and its because production is just crazy and demand is not there. Merrill lynch said today that they dont think demand is going to go up appreciably to kind of take this glut away. So were in serious problems. Were making, i think, 9. 35 Million Barrels per day in the u. S. Which is an 8 increase over last year, and the Oil Companies are getting kicked. At some point, i tell you, prices get low enough, you start to lose jobs in terms of drilling. Right now enjoy it while you can. Stuart im gung ho for 20 reporter me too. Yeah, that chrysler minivan, ill tell ya, thats going places right now. Thats a 20 fillup, right . Stuart im going to oklahoma to get it, okay . [laughter] jeff, youre all right. Thank you very much. See you later. All right, names you know, stocks with a name that you know. Mcdonalds and tesla hitting alltime highs. Will you look at that . Teslas 385, mcdonalds 154, 155. Well, we were wrong about tesla before, right . Stuart i interrupted you thats all right. Stuart no, its not. Researchers at Johns Hopkins University Say they believe theyve unlocked the key to how cancer behaves and how to slow it down. This could be a breakthrough. Later this hour we have the lady who made the discovery. And ann coulter will be with me here in the studio. Her take on the lefts hateful rhetoric towards the president. I want to get back to the senate Health Reform plan. Weve discussed it, the politics of it, but what about whats actually in it . Heres an important question will this Health Reform plan push drug prices down . Good question. Next, were joined by a former hhs guy and a guy from lilly, alex azar. Well be back. The drug industry has been disastrous. Theyre leaving left and right. They supply our drugs, but they dont make them here to a large extent. And the other thing we have to do is create few bidding procedures for the drug industry, because theyre getting away with murder. Stuart strong stuff from the president on the high cost of drugs. Joining us now, the former president of l are illy usa, that is a drug company, alex azar, is with us this morning. All right, alex, youve seen the senates new plan, Health Care Plan. Does it lower drug prices . Well, stuart, theres nothing in the senate bill that directly lowers drug pricing, and thats really not the intention of the legislation. But theres something in there that i think will have a positive effect on drug prices which is one of the many, many, many taxes in obamacare was a Prescription Drug user fee, an excise tax that basically every Pharma Company has to pay 27 billion of taxes over ten years. That goes away in 2018. That creates several billion dollars of bottom line space that can allow Drug Companies to moderate price increases that they otherwise would have taken to meet bottom line requirements for their shareholders. Stuart okay, interesting. Ive got another one for you. Senator rand paul, he to poses this new plan. Opposes this new plan. Hes concerned about the subsidies to Insurance Companies. Roll tape. Conservatives want a repeal bill. I want a bill that lookses like, feels like and is a repeal bill. My fear is when i look at this, i keep reading it, and it sounds like obamacare to me. Doesnt even sound like obamacare lite. In some areas it may be obamacare plus on the subsidy side. We cant have a bill that spends more than obamacare in the first couple years and call that a repeal bill. Stuart okay. He says hes concerned about the subsidies going to the Insurance Companies. Whats your response to that . So tremendous respect for senator paul, but the simple fact of the america is that we do not have of the matter is, for better or worse, 50 United States senators who believe like senator rand paul believes. There are not 50 votes to completely repeal obamacare. Youve got Susan Collins and Lisa Murkowski who basically are objecting to anything in this legislation that isnt a repeat of obamacare. So its just not going to happen. So senator paul and ted cruz and ron johnson and senator lee are going to have to decide are they willing to accept a package that isnt full repeal but is the largest restructuring of an Entitlement Program in the history of the republic, medicaid, that reduces the amount of subsidies going to individuals through the obamacare program, has a trillion dollars of tax cuts in it, creates Small Business Association Health plans, increases deductibility of Health Savings account contributions to more equalize them to people who have employersponsored insurance, and are they willing to walk away from that . Stuart youre sold on it. Youre gung ho for this plan, arent you . Well, listen, im not here to advocate support of the plan, but my goodness, compared to the status quo its lower taxes, less regulation, lower premiums, more competition and a more stable Insurance Market than what we have now. Is it perfect . Its certainly not. But, my goodness, what we have now is not working and its not sustainable. Stuart just a technical, quick check for a second. I understand in my opinion the subsidies going to Insurance Companies are going to them so that you dont have a sudden spike in premiums when obamacare is ended and the new system begins. Have i got that right . Youve got it absolutely right, stuart. Youve got a shortterm and a longterm stabilization fund, 50 billion in each, that go out to the Insurance Companies through the states. And the idea is, first, to create highrisk pools so that the states could create mechanisms to pull your sickest beneficiaries out and reduce premiums for everybody else and also create stabilization of premiums as you have this disruption. What is Health Insurance . It is an actuarial business to predict the future. When youre in a time of uncertainty right now, you will have change, and the government steps in through mechanisms like these subsidies to create a stabilization until you know who your beneficiaries are, whos in your risk pool. Thats what its about. Stuart politically necessary, actually. Alex azar, thanks very much, indeed. Appreciate it. Thanks, stuart. Stuart pretty soon on this program youre going to hear from the researcher at Johns Hopkins who may have figured out how to stop cancer from spreading. This could be a senate breakthrough. Youll significant breakthrough. Youll meet that researcher. And ann coulter getting ready to join us on johnny depps comments about assassinating the president. Nearly five years ago to the day, thencitizen trump tweeted out buy now. He was talking about real estate, housing. Looks like he was spot on. One of the stars from Million Dollar listing miami will join us. The median price for a new home is at an alltime high. 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For centuries our families fought together against their common enemy. Despite their differences, together. We need to do the same if were going to survive. The enemy is real. Its always been real. [laughter] stuart im sorry. The breathless voice. I love it stuart the british accept. Tear lord. That thats the new trailer for season seven of game of thrones, the new season premieres july the 16th. Got it, all right. Look at this, a game of thrones popup bar, washington d. C. Its got cocktails inspired by the show, guests wander through the replicas of the shows seven kingdoms. If you want to check it out, hurry please. This popup bar closes on august the 27th. Cant wait [laughter] in japan the popular Nintendo Game carr owe ka mario kart has come to life. A local Tourist Company provides the carts, provides the costumes. Theyve reportedly booked about a thousand gokart rides a month. [laughter] i love it. Did you see the guy in the batman costume . [laughter] stuart hes cheating. Its supposed to be mario. Next case, mario ron howard [laughter] stepping this to direct the new han solo spinoff film. The original directors were fired earlier this week. They had creative differences. New guy in. Look at this, a man fishing in canada shot video of a bald eagle swooping down, grabbing salmon strips that he was using as bait look at that. Down he comes gorgeous creature. Stuart they are. [laughter] wonderful. I love it. Good video. Stuart that has been watched by more than 1. 1 million oh, its fantastic. Stuart dont you love it . Be heres whats next, were joining by one of the stars from Million Dollar listing miami. She says millennials are buying. But for Different Reasons than our parents, or like me, grandparents did. [laughter] President Trump says he wants nancy employees is city to keep her job, please, its good for republicans. Youll hear him next. You totanobodys hurt, new car. But there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do . Drive threequarters of a car . Now if you had Liberty Mutual new car replacement™, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. With Liberty Mutual new car replacement™, well replace the full value of your car. Liberty stands with you™. Liberty mutual insurance. I hope she doesnt step down. I think that it would be a very, very sad day for republicans if she steps down. Id be very, very disappointed if she did. Id like to keep her right where she is, because our record is extraordinary against her. But well see what happens. There has been a lot of talk about her stepping down. Well have to see what happens. Stuart with a straight face. President trump speaking about nancy pelosi on fox friends this morning. You know, some democrat lawmakers say it really is time for nancy pelosi to go. Roll tape. Leader pelosi, looking forward to the 2018 election, has to ask herself this question do i help democrats win swing districts which we need to win in 2018 or do i not . And have an honest dialogue with herself. And i just, i think the answers obvious. And the answer obviously is she should go . Oh, i think that if we are going to win if were going to regain the majority in 2018, we have to have new leadership. Stuart well, our guest and youve seen him before says hes still a democrat. Hes got this book out, america in the age of trump. His name is doug schoen. Good to see you, stuart. Stuart youre still a democrat, arent you . Yeah. Stuart after a all of this hate mongering thats going on, you are still a democrat. Well, i think the republicans are so extreme when youre going to eviscerate medicare [laughter] stuart wade wait a minute, lets get it clear. The republican bill would slow down the rate of increase in but states could opt out. Stuart its not eviscerating. To me, it is. We have an Opioid Crisis stuart then you should stay as a democrat. Im going to take your advice for once. Stuart should nancy pelosi leave her leadership position . Oh, yeah. What President Trump said is right. Shes a great target. San francisco democrats and San Francisco values do not equate to what most americans think and value. Stuart youre a new york democrat. No, im an american democrat. Im not a new york democrat. Ted cruz tried that, and you saw where that got him in the primaries. Im proud to be an american. I represent the views of people in 50 states. I did that with bill clinton when we got him reelected and won back the senate in 98. Stuart okay, okay. Will nancy pelosi leave . No, why should she . Its a great job. Shes 73, what else is she going to do . Stuart she wont leave . Absolutely not. You heard it here first. Stuart does she really hurt the democrats we. Yes. Stuart does she hurt when it comes to obamacare reform . Yes. One of her colleagues, tim ryan, said that she had led to a toxic brand being developed. Hes right. Stuart what is it about her that makes you think she has made democrats a toxic brand . What has she done . She is too far left, she doesnt appreciate the values, issues and concerns of middle america, and she represents very well a San Francisco, liberal, upscale district that is completely out of touch with america. Stuart i think she looks down on us. I think she looks down on regular americans. Just like your pal Hillary Clinton looked down on Trump Supporters and branded them, what was it, irredeemable deplorable. Stuart racist, sexist, homophobes, etc. , etc. I did make it very clear as a democrat that i deplored her and i couldnt vote for her, and i didnt vote for president because im a mainstream, traditional, john k. F. Kennedy democrat. Stuart and you dont have a party any longer. I wish i did. Stuart but you dont. No. But the republicans are too extreme for me. Stuart get out of here. Doug, it was town. It calls is, stuart. [laughter] stuart i want to show you the tweet from President Trump written exactly five years ago this week. Now is the time to buy housing, as in reallies rah, before real estate, before rallies have fully recovered. Joining us is samantha deby yankee. Did you think he was right five years ago . I mean, five years ago i was saying how strong the market was, and looking back phi years ago, rates were at 3. 4 for a 30year fixed. Now theyre at 4 . So its kind of interesting, because i remember in 2013 when we were talking, and there were projections of 5 , even 6 . Nobody flinched. So now were at 4 , everyone kind of freaks out when they hit right above 4, but its 4 . You bought a house at 12 . Stuart thats right, i did, i remember telling you. My first house was 12. 5 , San Francisco, late 1970s. I thought it was a bargain. Thats insane. Stuart now, conventional wisdom has admit it that millennials dont buy homes any longer, they prefer to rent. Youre telling me, not so . No. Im going to set the record straight. Millennials see the American Dream, it is ahive and well within alive and well within them. Theyre buying their avocado toast, but they still want real estate as well. You know, back in the day the American Dream was the white picket fence and the beautiful home, but now the first question when i deal with millennials are, sam, am i going to make money from this purchase . Thats the most important thing. They are buying real estate, they just want to make money. So great example, i bought a number of homes, but my home last year i sold after two years, i made a 44 return. I made a net profit of 275,000. When i tell my friends that, of course theyre going to be buying. And buying Investment Properties between 300 and 400,000 making anywhere airbnbing them. If we want to talk millennials, lets talk tech stuart fantastic return. I mean, when you know what youre doing and you get your numbers right, you will make money. Real estate can make you rich, and millennials see that. Stuart ive got a problem, i think millennials have a big problem with student loans, student debt. Yes. Stuart theres 1. 3 trillion outstanding, thats a huge millstone around millennials necks. Sure. Stuart surely thats a problem when it comes to buying real estate. Its got to be. It is, but at the same time, when i just said all of those returns and how you can make money, that money can go towards paying down the student debt. You can still get the enloan. Its not an easy process. T not fun, but once youre done and you have that property, i mean, the world is yours if you buy right. Stuart okay. You are tempting these young socialists with profit. [laughter] turning their heads. Its great to have you on the show. Thank you. Stuart joining us now is another millennial, charlie kirk, founder of turning point usa. Whats your reaction to that, that millennials are in the Housing Market as buyers . What say you . Well, so the data shows regionally theres many different stories going on. Where property taxes are lore, young people are more likely to buy houses. Look, the increase in housing prices nationally, its being driven mostly by people under the age of 40. So youre starting to see young people starting to creep into the Housing Market. But id still say young people do tend to have more of a renting philosophy than a buying philosophy stuart yeah, but, charlie, as this young lady said, youve got to tempt em. Tempt em with profit. Show them that they can make some serious money. [laughter] thats how you do it. No, youre right, and i love your remark that young socialists all of a sudden want to make a bunch of money. But to the greater point, i still through this is some think theres some hesitation. There is a huge financial burden on young people. Student loan debt is preventing young people from actually having the capital necessary to get a mortgage or to have good credit to be able to buy houses. So i agree with you completely, but i still think theyd skew more towards a renters market, but its regional. Stuart ten seconds, last word. My friend was living here in a shoe box at 3600. Down in south florida youre getting a studio at 400 square feet for 2500. Its insane. You put things into perspective, and you should only buy if you can, if you actually have job security, stability and the money to do so, you should be buying. Every time. Stuart okay. Ill buy, okay . Buy with me. Stuart thanks very much for joining us. Charlies still with us. Heres one for you, College Students and professors testifying before the senate this week about free speech. Of its under attack on campuses nationwide. Listen to what one College Student had to say about this. Roll tape. In my time at williams, i cannot name a single conservative speaker that has been brought to campus by the administration. This fact is problematic precisely because the overwhelming majority of students at williams have liberal beliefs. In classrooms liberal arguments are often treated as unquestionable truths. In some cases, conservative students even feel the need to refrain from stating their opinion the in fear of being in fear of being shut down. Stuart you know, charlie, he sounds just like you, doesnt he . Slam dunk, home run. Look, this is whats missing on our college campuses, intellectual diversity. What i always find troublesome is the academic elites, they have taken a really risky gamble which is instead of having free and open dialogue and speech, they want protected speech. They dont want conservative ideas to be expressed on a college campus. And i always joke around and say if liberal ideas were so good, shouldnt they want as many conservative speakers as possible . Because those ideas will die immediately and fall flat on their face. Theyre scared of other ideas, and colleges have become a place where they want everyone to look different but think the same, and they dont have intellectual diversity, and i think that statement and the income the senate was and the testimony in the senate was terrific. Stuart charlie, thanks for joining us. The president of the United States in the year 2048, charlie kirk. [laughter] thanks very much, sir. Remember ann coulters speech was can eled9 canceled at the university of californiaberkeley. And recent hi backlash from another college because one of her books was on a reading list. Oh, terrible. Shes with us in the next few moments, actually. Well also get her take on the lefts hateful rhetoric that still rolls on. Well be back. Welcome to holiday inn whether for big meetings or little getaways, there are always smiles ahead at holiday inn. Im Nicole Petallides with your fox business brief. Tesla hits another alltime high, continues to soar. Take a look at it right now at 385 and change, went to 386. 99, and over the last 52 weeks, up nearly 100 , up 95 , to be precise. The news now is not only will tesla have the hightech dashboard and also the internet connectivity, but how about streaming music . This is what teslas looking at. In fact, tesla is working to create streaming music according to sources and telling fox business we believe its important to have an exceptional incar experience so our customers can listen to the music they want from whatever source they choose. Weve also watched them on the move and selling more of those model 3s. Frankly, i dont think theres any way this gets negotiated in two years. What i do think is there will be remaining and lasting up certainty in britain. But in the u. S. , i think this could be a huge buying opportunity. Id be looking for some of great down stories here, and i would get in with both feet. Stuart oh, man, was he right. That was regular on the varney show, peter kiernan. One year ago today. That was when the british voted to leave the european union. He got it right. Buy. He absolutely got it right. Look at this. Now, this is Market Performance since the brexit vote one year ago today. The major averages, all of them up very, very nicely, thank you very much indeed, with an assist from the election of President Trump. We got that. How about the big tech stocks . They simply zoomed after brexit and after the election of donald trump. We look at those percentage gains, not bad, huh . How about the big banks, the Financial Companies . They, too, had a very nice runup following brexit, following donald trump. Peter kiernan got it dead right. Next case, the lefts hateful rhetoric continues. Latest example, johnny depp. He joked about assassinating President Trump while at an event in britain. Now, heres what President Trump said in response just about an hour ago. Here it is, the tweet. A statement in response to those comments here we go. President trump has condemned violence in all forms, and its sad that others like yonni depp have johnny depp have not followed this lead. I hope that some of mr. Depps colleagues will speak out against this type of rhetoric as strongly as they would if his comments were directed to a democrat elected official. Look whos here . Perfect timing. Ann coulter. Author of the book, in trump we trust. Ann, what a pleasure. Thank you. Good to be here. Stuart im appalled at what johnny depp said and what the rest of the left has been mongering all these weeks. I think its a terrible thing. Yes. And its particularly terrible i wrote about that this week, looking at what the audience is. The heft leftwing audience is prone to violence, the rightwing is not. It would be like talking about, i mean, there are a few women who rape men every year, but rape is not a problem that, well, both sides are guilty of. Its really both sides. No, men commit a lot more rape, and leftwing ors commit equally a lot more violence. Every politicallymotivated president ial assassination or was a leftwinger. Stuart they cant hold it in. No, they cannot. But that is why its particularly irresponsible, i mean, theres nothing funny about it. If you Say Something funny, but rhetoric by itself is not so disturbing as rhetoric any kind of rhetoric directed at the leftwing audience because they do by the way, what happened to black lives matter . That was apparently an election thing. That was really big until the election. They must be sitting at home. Why isnt msnbc returning our calls . Why wont they put us on . Where did they go . [laughter] you have moveon. Org, the attacks on the tea parties, you have the attacks on supporters of proposition 8 in california, antigay marriage initiative, you have attacks on Trump Supporters. Remember, the chicago rally was shut down by bernie supporters, this bernie supporter who shot at republicans playing baseball. He was the second bernie supporter to commit mass murder in the last month. Stuart and were fed up with it. Or attempted. Stuart america is fed up with. If its a tactic of being contemptuous of the president and hating him, that tactic is not working. No, i know, but maybe you shouldnt tell them, because i think [laughter] stuart youre with President Trump, keep nancy pelosi at the top. Ive got to get to this lets get to health care. Stuart well, its on the prompter okay, fine. [laughter] stuart an Alabama High School is apologizing after a teachers Summer Reading list caused a backlash. The list included your book, guilty liberal victims and their assault on america, as well as other books from conservative authors. Im trying to bring in your authorship and your books. Im trying to give you a plug here. It should have been nothing but my 12 New York Times bestsellers, and if you really want me to speak honestly about other conservatives books, you probably wont like what i have to say. [laughter] if you have something to say and youre writing your own book, talk show hosts who have ghost written pieces of crap, cant you just sell mugs . Why does it have to be a fake book . Anyway [laughter] Stuart Health care. Go ahead, say it. Say it. Okay. You were just talking about how you became a capitalist traveling around the world, you were a hippie stuart i was not a hippie. In hong kong and everything during this capitalism. Okay, apparently the entire Republican Caucus needs to go to hong copping to remember this little hong kong, this to remember this little thing, capitalism, because their health bill is a disaster. Stuart no, no, oh, please. Listen to the Health Care Bill. The correct Health Care Bill should be obamacare stays for all of the layabouts who want it. Now there will be a onesentence law saying there shall be a free market in Health Insurance. Because under the republicans Health Care Bill, guess whos still paying for transgender operations . Guess who still cant go to memorial sloankettering . No, i dont want gambling addiction therapy. I dont want psychological counseling. I want stuart times up. If i have a broken bone or cancer, that is illegal to sell in this country. Stuart i cant believe that the Republican Party will say no to this Health Care Proposal and wreck the president s growth agenda, ruin the Republican Party as the party no, this is going to ruin republicans. If this passes, its going to be because its obamacare lite. Let it fall. I would president rather have nothing than have republican take responsibility for something that is just as bad as obamacare. Stuart you were right all the way up until the very end, and then you totally blew it. Onesentence law, and it would be just like stepping into hong kong stuart and it would never be pass. Why . How are they yes, i know how to pass stuff. Im smarter than these idiot republicans. Moderates . You would get everybody because youre not getting rid of obamacare, and all the layabilities can still get their stuart here we go. I knew wed get to transgender surgeries after hong kong. Yeah. We pay for it but i cant get cancer treatment. Stuart time is up. But thanks, it was fun. [laughter] next, three researchers at Johns Hopkins may have figured out how to stop cancer from spreading. We have the researcher in a moment. Here comes the fun with seadoo seadoo has the most affordable watercraft on the market starting at just 5,299 and up to 500 rebate visit seadoo. Com today stuart i want to get straight to our guest from Johns Hopkins. Welcome to the program. I want to get right at this. I believe you have found out how cancer spreads. So now we can do something about it. Have i got that right . Yes, you have. So weve with actually discovered a new signaling pathway that controls how the tumor cells talk to each other in terms of how crowded they are. So as they increase in their crowding, they sort of send a signal out, and theyre like, move away, move away. [laughter] so the cells spread to the other parts of the body. Stuart so now were in a position to stop the spread, because you know how the spread works. So how long will it take before weve got a treatment, a drug of some sort to do what you say you can do . Well, i think were still in the preliminary stages. I think this is a significant step forward, and we did test it if animal models, and weve had very significant results. But i think its going to take a couple of years til we can sort of translate it into treating patients. Stuart okay. Look, im terribly sorry were out of time. I really wanted to is ask you about the eureka moment when you figured out what was happening here. I promise well get you back on the show, because this is very important stuff. Thank you so much for taking time out of your day. Much appreciated and congratulations. Well done. Thank you. Thank you for having me. Stuart you come again real fast. Thank you very much. All right, almost out of time, but i can say this, more varney after this. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. baby crying slow jazz music fly me to the moon and let me play bell ringing audience cheering