Wrestling this down to the ground and theyre outraged. Does this block his agenda. Republicans are raising taxes or want to know illinois. Theres a push for the budget to make the deal. Theres a threat after veto still on the table. Check out market futures. Were going to have an amazing start to the day. Its a half a session, i can tell you right now, were looking back toward the record numbers, by the time the market closes at 1 p. M. You might be happier, you certainly will be in a moment because Varney Company starts right now. Since the signing of the declaration of independence 241 years ago, america always affirmed that liberty comes from our creator. Our rights are given to us by god and no earthly force can ever take those rights away. That is why my administration is transferring power out of washington and returning that power back to where it belongs, to the people. That was a very patriotic message from President Trump over the Holiday Weekend but then, tweeted out this video. That of course of him beating up cnn, its a doctored wrestling video from his wwe days and the Mainstream Media responding the way you think they would. I want to bring in amy holmes rasmussen. And here is the big thing. President trumps tweets, does it distract from his agenda. It distracts from his agenda, charles, i dont think that Republican Leadership are taking their legislative strategy from president ial tweets. I think that something that people forget, the president proposes, congress disposes. To the extent that President Trumps tweets might be making him less popular with mainstream independent voters and less able to use the bully pulpit, thats a problem. Charles, ive got to say when i saw the tweet with wrestling with cnn does the president secretly have stock in time warner, every time he mentions that network, im sure the ratings go up. Stuart . Hes definitely kept them alive. And the Health Care Bill, mika and the face, the thing i worry about, republicans on the fence, Susan Collins and others who may be on the fence for critical passage of things Like Health Care reform, going in and saying this is some reason theyre not doing it because they voiced their displeasure about it. Charles, i think we should have more faith in our elected representatives, particularly United States senators, i used to work for one when he was majority leader, theyre looking at the constituents and obamacare failing if independents are getting upset, these are the same people theyre worried about their constituents we dont have anything passed yet. Im saying that President Trump may not be able to use the power of the bully pulpit. Will the Health Care Bill help or hurt them. Will it help them or help the country . Again, will it help the country . We know that obamacare is failing in many different places. Thats the easy part, and got the republicans the power in the first place. Exactly, weve discussed this before that 32 states, including the District Of Columbia they went from medicare expansion, of course theyre looking at im sorry, medicaid, rather. Medicaid, and you will i was saying was these are tied up every single day i watch the market, my main gig for 30 years and i watch the Economic Data i swear, golly, on friday, the biggest story was manufacturing in the heartland at a threeyear high, pound away because otherwise the people will never hear because the Mainstream Media will never, never talk about that. Our elected representatives are not going to choose whether to reform or not reform obamacare because of President Trumps tweets. I think some are looking for excuses not to. Shame on them, charles. Thanks, amy. Lets look at the dow, were not that far away from an alltime high. In fact, all three major equity indices are looking amazing this morning. Your portfolio is looking great, so forget about the other noise for a moment. Take a look at the 10year, 2. 31, made a sharp reversal, remember, last week. It had some people concerned, but also when it was in freefall it had somethi people concerned. 2. 31. And on friday we saw oil rigs come down, too, we brought too many rigs back online, the sweet spot, no pun intended, around 50 a barrel. Toyota released u. S. Sales for june, sales up 2 . 2. 1 from last june. Im not sure what the estimates were on that, but were going to be getting the oil sales in all day long and keep a look at that for something of a proxy on the economy. The tech stocks did get hit last week and take a look right now. By the way, they are looking pretty good in the premarket, but a special look at tesla this morning, the model 3 starts protection this week. Theyll be rolling off the production line on friday. This is priced about 35,000, everybody is looking forward to this and ive got to say they did preorders on this, guess how many people paid 1,000 to get one of these . 300,000 folks. Now, elon musk 300,000, how many can they make . Theyll roll about 35,000 a month by the end of september. If you order one now, you have to wait a the least a year for the car. I have to tell you that people are excited about this, they really want their hands on one because the others are those popup teslas in the mall, only rivalled by apple. President trumps tweet about cnn and he did going up and nev been stronger. I want to bring in art laffer. Theres so much going on in the economy, you can call it soft is a clear led hard data that indicator that weve got a strong prospect for the economy. I do think that, charles, we need to get the Corporate Tax cut down to 15 and i do believe we need to get health care, you know, basically changed totally because its an enormous tax on the economy. But those two bills go through, repeal of obamacare and the tax cut, Corporate Tax cut and this economy is off to the moon. It will be really fantastic. I want to ask you about that, the big tax cut and the senate the reform Health Care Bill. There are rumblings about tax hikes also starting to he ooh emerge, art. I dont think there will be tax hikes in this administration, i cant see it anywhere, the senate or the house going for tax hikes. I think the border tax adjustment they were talking about has pretty much gone by the wayside. If you want 15 and go by cbo scoring, there are purists who say weve got to make up with the revenue. Whats wrong with the 20 or 25 tax rates and getting rid of the onerous regulations that president obama put on and the notion that youre still manufacturing with infrastructure on the best roads in the world, the best country in the world with no regulations in your way . Let me just say this. If you reduce that Corporate Tax rate to 15 , there would be enough sheltering elimination just to pay for it, enough changes in the Corporate Tax forms that people use, enough tax taxes, and moving back into the United States and all the its the other taxes located with it. All right, listen, youre the father of the supply side economics so i can see youre getting choked up there. I got a little choked up. [laughter] i dont know what happened, i think a liberal put a fly in there, just kidding. Illinois, theyre going bust, all of the things, so, of course, what do they want to do. Raise, at thats. Theyvevery state has tried raising taxes and its never worked, but maybe this time for illinois, they can drive the last business down to tennessee here where we welcome them with open arms. And the only thing youve got to worry about is the traffic. All of that new congestion. Isnt it wonderful . You know, the places that have no traffic are going to be illinois, california and connecticut. Yeah, its a high class problem. Art, always a pleasure, thank you very much. Thank you, charles. Youre about to see some videos, some amtrak train derailing in washington state. Its near a golf course and 267 passengers on board. There were know he serious injuries. Four cars on the train totally off the tracks. The cause now still under investigation. The house and senate, well, theyre on vacation, the july 4th break. Questions are now for some lawmakers, theyre willing to cancel their august recess and they Want Health Care and tax reform done to have it done by the end of the year. Thats next. [brother] any last words . [boy] karma, danny. Karma [vo] progress is seizing the moment. Your summer moment awaits you, now that the summer of audi sales event is here. Audi will cover your first months lease payment on select models during the summer of audi sales event. Checking the price of gold here, getting hit pretty good. Gold has been spinning its wheels and a lot of people used to buying gold, buying bitcoin. Gold really in a holding pattern. And laptop ban, with the details. Were going to keep allowing you on with the laptops, but, no, if you need certain security requirements, well let you have those. Lots of pressure from airlines, one of them, the airline for United Arab Emirates is allowing the laptops on board. Well wait and see how this goes. Charles theyre not known as a terrorist hot bed. I dont know how they pull it off, i never do, uae. Its a boomtown and doing business with the west and you never hear about that. The theory is that theyre going to hide something inside that laptop. Charles thanks a lot. Gerri. I want to bring in congress man andy biggs. Start with you on Health Care Reform. Is something at this point better than nothing . Are we getting back to that rationalization or perhaps realization . Well, i mean, its something has to happen. I mean, we cant just not get this done. I mean, this is a promise we made, but the obamacare is just failing so badly and its going to continue to be a massive drag on the economy and peoples ability to get health care. So, something has to be done. Charles again, we know that. Thats how you guys were propelled into power, youve gotten the states, local elections and of course, house, senate and the white house. So, that part of the narrative everyone gets. But there is some growing frustration you had seven years of complaining and now there doesnt seem to be a cohesive plan. You know, i think there was a plan and we passed literally dozens of bills over the last six, seven years, which would have been a great plan, but once things got going, we had a president who would actually sign one of the plans and some of the people who previously had voted for those plans, those repeals, those replacement type plans, they kind of said, well, they kind of got cold feet. So, i think the pressure needs to stay on, which is why i ask that we stay in congress through august, we have to keep working. This is the big timber. Weve cleared the underbrush and clear the big timber and cutting it down. Charles lets talk about the tensions on both sides of this timb timber. One side, Freedom Caucus and conservatives, believe in Smaller Government and advocated for this. On the other side states that accepted Medicaid Expansion and have their own individual things that they want. So youve got core positions, four or five folks on both sides of that divide and you wonder which side is willing to give up or give up the most . Thats why we have to take some time. I mean, we shouldnt be fleeing this. We should be getting together. We shouldnt be negotiating publicly, we should be getting together and hammering this out. And i think thats whats going to happen. I mean, weve got a lot of work to do. The senate still has to get this done and i like what President Trump tweeted out last week, he said, look, hey by the way his favorite way to communicate. I think we do a delayed repeal and work on reforms and get those in and he tweeted that out, that was jumped on by a couple of senators, thats not a bad plan, but will that get 51 . I dont know. Charles yeah, no one knows. Although it felt like the conventional wisdom was that was dead on arrival, but certainly rand paul, and they voiced some this is what the American Public wanted. Maybe when the republicans started saying repeal and added and replace they dug a hole. The messaging part of this, another area it feels like the republicans have been really, really weak on. Not articulating to the American Public, were not going to take anything away from you, were going to make it better for you. Is there some central person or entity working on that . Well i think that leadership is trying to get that message out. The narrative is controlled by the other side and theyve been very effective while waiting here today. I saw four ads or so that just say, hey, dont do anything with obamacare. And yet, when i go out and talk to groups and individuals, they get it. Obamacares got to go. They get it, they want the repeal. They get it that we can reform this thing over time. What they want is predictability, certainty, access to health care and theyre not getting it now and they all get that, but were doing, you know, were not getting our message out there as effectively as id like. People are out there pitching, were pitching, but were not getting the hits that we need to. Charles quick before i let you go. I want to ask you about the bills on sanctuary cities and case law says its dead on arrival in the senate. And its a headscratcher, who would be opposed to this . Theres nothing racial about these bills, even some of my liberals in arizona said this is common sense legislation. I dont know why anybody would obstruct this. Im actually, i remain hopeful even though people say this isnt going to happen. Certainly kates bill is worthwhile and the sanctuary city also a nobrainer. Charles representative biggs, happy fourth and thank you for being with us. Happy fourth. Charles there are plans to cut waste from the irs. Find out how much we can safe, were talking billions. Susan rice agrees to testify before the house Intelligence Committee. Big deal. Needles. Essential for him, but maybe not for people with rheumatoid arthritis. Because there are options. Like an unjection™. Xeljanz xr. A once daily pill for adults with moderate to severe ra for whom methotrexate did not work well. Xeljanz xr can reduce pain, swelling and joint damage, even without methotrexate. Xeljanz xr can lower your ability to fight infections, including tuberculosis. Serious, sometimes fatal infections, lymphoma and other cancers have happened. Dont start xeljanz xr if you have an infection. Tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. Your doctor should perform blood tests before you start and while taking xeljanz xr, and monitor certain liver tests. 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You can always compare rates on progressive. Com. Oh, thats nice, dear. But could you compare camping trips . Because this one would win. All i want to do is enjoy nature and peace and quiet its not about winning. Its about helping people find a great rate even if its not with progressive. Ugh. Insurance. When i said peace and quiet, did you hear, talk more and disappoint me . Do do do do skiddly do do camping with the family [ flame whooshes ] the. Breaking news, ford sales now coming in for june. Their sales down in the United States 5 compared to a year ago. Back to politics, does President Trump have a point in saying that the irs could trim billions in waste . Whats going on, gerri . A new report showing lots of waste at the irs. Over 2 billion wasted on what, outdated software, you name it. Think about this, this is the stuff that, you know, is getting our information stolen from the irs. Theyre not doing it, its wasted money, and trump wants to cut that budget and maybe he should. Charles you have been talking about stuff like this for a long time. It might be breaking news, but youve been screaming about this for a long, long time. Its a big problem and we should keep our eye on it. We go through every agency like this, and its going to be phenomenal. Speaking of phenomenal. Weve got a half day in the market, but look at the futures, guys. This is near the high of the session, the dow, nasdaq, s p all going back up from last week, somewhat shaky start, but this is the first half of the second year, first part of the second half of the year and it looks like its going to be phenomenal. Im not sure we have enough time in this session, but keep in mind, weve got the jobs report on friday, this could be the week that we break out and make that next leg higher in the stock market and it begins today. Right now were looking at huge, huge gains at the open. 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