Transcripts For FBC Varney Company 20170726

With him, a raucous rally in ohio last night. Like the old days of the campaign. This was trump v. The republican establishment. The crowd was clearly on his side. Meanwhile today, in the swamp, the senate votes on a straight Obamacare Repeal bill. The replacement plan went down to defeat. None of this appears to have any effect on investors. Same old story. Politics is a mess but stocks keep going up. Profits are so strong that the dow is on track to hit yet another record high today. Are we getting used to this . A chaotic presidency. A donothing congress, and wall street on a tear . Thats the story of the morning, and varney co. Is about to begin. [cheers] hes a young one, hes going back home to mommy. Boy, is he in trouble. Hes in trouble. [laughter] hes in trouble. And ill bet his mommy voted for us, right . [cheers] shall we call that an interesting incident last night as the president addressed a very big crowd of raucous supporters as we said it was indeed, a raucous rally. More on that later. But heres another rally were going to tell you about, perhaps more important. Record closes for the s p and the nasdaq composite, theyre at record levels, and yes, were going up a lot more this morning. Look at that. Thats the futures showing an 80point gain for the dow industrials. Maybe well actually open right at an alltime high. We shall see. 28 minutes from now. Meanwhile, bigname stocks have reported financial position. At t looking very good, the stock, premarket, up nearly 3 . Big gain for a big company. Same story at United States steel, theyre up 7 premarket. You see where the rally is coming from here. How about boeing . Strong profits yet again there, and boeing is going to be up 4 . These are huge companies, when they make a stock price move like that, you are seeing something really big. Cocacola profit dropped 60 because of a charge on the refranchising of north america bottling operations. That stock only down 25 cents, thats it. How about chipotle, never mind the norovirus and rodents from the ceiling. People eating more at chipotle, they are making money and the stock is up 7 bucks a share. How about that for a parade of profits . Wait a second. Facebook reported profits after the closing bell today. Premarket theyre already up a little bit more, having closed at alltime highs earlier in the week. Look whos here to comment on profits. Liz peek, columnist with the fiscal times. Not the trump growth agenda any longer, its profits, profits, profits, thats whats driving us to a record, am i right . Absolutely. Spurring better profit growth. The most exciting results from caterpillar. A bellwether reflecting not just growth in the United States but globally. We have Amazing Things going on around the world. Almost every major economy is going forward. Greece sold bonds for the first time in years. That is also a bellwether occurrence. There is a lot of good news, i would not take away from the trump agenda. I thought yesterday the Senate Voting to talk about health care which seems like a minor win was a major win for mitch mcconnell, and i think it gave people confidence that the agenda might move forward. Stuart we closed yesterday, the dow closed at 21,613, and doing the math, 27 points from an alltime high. You can see it today. I think were going to see it today, unless something dramatic happens in the next 24 minutes. More from you later, liz. Stay there, please. I want to move onto this, i find this fascinating. Two new england senators unloading on the president. Susan collins, a maine republican, didnt switch off the microphone at the end of a Senate Subcommittee hearing. She was allegedly speaking to a democrat senator jack reed of rhode island, the ranking democrat on the committee. Listen to what ensued. I dont say that no. You have mulvaney saying [inaudible] and. Stuart the democrats say hes crazy, as in President Trump, and Susan Collins, a republican, basically agreed. Rich lowry, editor of National Review and Fox News Contributor is with us. This speaks volumes about the relationship between President Trump and congress and congress and President Trump, its chaotic. If you had hot mics, you would pick up more. They want to work, they tolerate a lot from the president but you dont want to reach the break point. The breaking point would be firing Jeff Sessions. Stuart really . Yeah or something of that nature. Senators love him, conservatives love him, and theyre all appalled at the way trumps been treating him. If youre angry at someone working for you, fine, call them into your office, dress him down, dont humiliate him in public. Stuart the president going up right against the republican establishment. Hes taking fire at his shots at the establishment. The people, his supporters that are still with him by evidence of the ohio rally last night, theyre still with him. But you think this chaotic relationship will have an impact on tax cuts, for example, on health reform, and other issues. Yeah, it doesnt stop it in its tracks but doesnt help the margins. What republicans are trying to do on health care and taxes as well. Two huge complicated, generationaltype underprices, undertakeings, you want to be firing on all cylinders, doesnt help when the president is off attacking his attorney general or creating distractions. Stuart not going to change, is it . No. Stuart not at all. No. Stuart not going to abandon twitter . No. Stuart no way. Hes not going to stop insulting people . No. Stuart ive got a problem with this, if it interferes with the growth program, i think within side or the other has to adjust their position because we want to get this done. It doesnt have to stop being donald trump, and hell never stop being donald trump. If you dial it back a few notches, it would be helpful. The point of all this is not have donald trump in the white house to have nice rides in marine one and go france, what hes done is hurting, not helping. Stuart the surprises, number one, apple has agreed to build three u. S. Plants. Number two, talking about if there is a revision, upward revision in tax rate, it will be on the rich. Yeah. Oh on the latter, steve bannon talking about that privately. He thinks it makes sense for the nationalist, populist president to make it difficult on taxes. And if trump pushed it, it would get through congress. Stuart you were a nevertrumper, werent you . I never got on the train, i never applied that term to myself, but i never got on the train. Stuart are you this morning going to say stuart, i told you so . No, he won, i was skeptical he could win, and im hoping he does the best he can and that things happen, so im not here to be mr. I told you so. Im just hoping for the best, stuart, like all redblooded americans. Stuart were an optimistic bunch. Absolutely. Stuart thank you, rich. We told you about fbi agents and seized smashed computer hard drives from the home of a tech worker for Debbie Wasserman schultz. An arrest is made, liz. You are looking at the ringleader, he was arrested trying to flee dulles air. Hes been charged with one count of bank fraud, and alleged head criminal syndicate of relatives that worked not only for Debbie Wasserman schultz but other house democrats. They did double build for computers and computer equipment and pocketed the money. Tax fraud extortion, bankruptcy fraud, thought to have funneled money overseas. A second layer. Access to dozens of House Foreign Affairs and Intelligence Committee members emails and information on computers. Was that information put up in the cloud . Theres two layers here. National security and also theft is at issue here. Debbie Wasserman Schultz has fired this i. T. Worker but kept him on the payroll through the spring. They allegedly made 4 million, this ring of criminals since 2009. Stuart more on this later from the gentleman from daily caller who worked on the story and broke it for us. Thats later. Thank you, liz. Were going to open up nearly a hundred points for the dow industrials. When we open the markets in what, 20 minutes time, you could be at alltime record high. The dow has never been higher. Well see. 20 minutes. Could this be a breakthrough in the fight against opioid abuse, doctors testing what some are calling opioid vaccine. You give a shot to an addict that prevents that addict from getting high on the drug in the future. Doc siegel tells us how it works. We, of course have been all over the venezuela story. A twoday general strike on the way. The socialists on the verge of seizing absolute power. Looks like civil war brewing on our doorstep. And trivia for you, which d. C. Reporters twitter account is followed by most members of congress . I give you a hint, hes a colleague of ours. Stay tuned for the answer, he joins us in the 11 00 hour. More varney after this. Stuart lots of individual Companies Reporting profit position today. Some of the big corporations among them. Look at Ford Motor Company, forecasts lower profit. A weak profit i should say. The stock is down 1 . General dynamics, they forecast better profits but thats not helping the stock. Its down three bucks at it 200. It is a defense issue, lets remember. A general strike against president maduro in venezuela. It has begun. Whats the latest, emac. Twoday strike. Massive protests in caracas, this is the failure of socialism. What can the United States do . Here are ideas we talked about. Lead an International Coalition with mexico, brazil and argentina to demand regime change, and basically do an International Rescue of venezuela. Its already detained two judges appointed by the opposition, this is autocratic rule now in place by meduro. And have the treasury to enact sanctions, that would hit the regime hard. Stuart may come to fighting this weekend, fighting in the street with guns, i wonder when we would do then . Enormous problems in venezuela other than riding in the streets. They owe 3 billion, they have to repay this in terms of debt, and Oil Production is collapsing. Its a profound, ongoing issue. Stuart on our doorstep. And russia getting ahold of assets of citgo. Isis is losing in syria and iraq. I think thats an established fact. But they have not been any significant terror attacks in europe or america recently, not significant attacks. Joining us is the author of the complete infidels guide to free speech and enemies, Robert Spencer is with us. How do you explain that, robert, i think im accurate in saying there hasnt been a major attack in europe and america . You are quite right. The fact is as isis is collapsing in iraq and syria, they have issued explicit calls to come back to europe, come to the United States, and kill innocent civilians here. So i dont think that we can conclude from this relative period of quiet that its all over. Stuart no, but could you conclude were taking the right steps to get in front of the terrorists before they act . To some degree, yes. Theres an undeniably there are many attacks thwarted. Many more jihad plots than there are jihad massacres. At the same time, there are wrongheaded policies pursued. The uk for example, is not alone in saying this isis fighters if they are citizens of great britain, they have to let them back into the country, and there are at least 40 confirmed isis jihadis Walking Around in britain today. Authorities and british know theyre there, but they are not in surveillance, they could be planning something catastrophic and they probably are. Stuart let me ask but Americas State Department lawyers removing the word genocide from reports of christian slaughter. That sounds like political bias one way or the other. Youre shaking your head, whats happening here . No doubt these are Obama Administration holdovers, Obama Administration policy not to call the persecution of christians in the middle east genocide. They shy away from doing anything offensive to muslims. Trump needs to drain the swamp but it has not happened. Stuart im right in saying they did stop the use of the word genocide when youre talking about christian slaughter . Yes, absolutely. This was something that was explicitly done and was done by an obama appointee who remains in authority. Stuart he remains in authority in the state department . Thats very interesting. Quite so. Stuart we havent changed that yet because we havent changed the personnel. There is a civil war going on in the state department between people who want to follow the policies that the president delineated in many addresses and those who want to continue the Obama Administration policies of denial and willful ignorance regarding the jihad threat. Stuart robert, thank you for joining us, im sorry for cutting it sort. Want to give the reasonable news, we havent had a big incident recently and counter that with were not doing the right thing on the home front. Appreciate you being with us, thank you. Watch out, highincome earners, President Trump saying higher taxes on the wealthy could be coming . Theres a surprise. Were on it, after this. Today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Stuart all right, this is breaking news, and this is just coming right at us. President trump tweets just moments ago and here it is that just came to us. No comment from us. Move on. President trump sits down with the wall street journal and talks taxes. Heres the quote from the tax part of the interview. The people i care most about are the middle income people in this country who have gotten screwed. If theres upward revision, its going to be on higher income people. Liz peek, you can explain what this might be all about . Well, look, i think the plan was to pass the Health Care Reform that took away all the Obamacare Tax revenue, which made tax reform much easier. Now theyre going to have to reboot and come up with revenues in order to keep the tax stream and budget over the next ten years or whatever guide posts they put balanced, right . They have to come up with increased revenues. And lets remember, it wasnt wealthy people who elected donald trump. So when hes looking out at the people who support him, theyre probably not going to be particularly unhappy about it. Stuart if you cant get rid of the Obamacare Taxes. You are starting from a very different place in terms of tax reform. And i think the president s biggest ambition is to lower the Corporate Tax rate. And theyre talking about 15 , probably in the next month or so talking closer to 20 and the pressure off raising taxes on highincome people. Again, you have to go somewhere for the balance they need to come up with. Stuart liz and i are laughing because it is a chaotic presidency. You dont know whats coming down the pike at you one moment to another. Its true. What theyve done from day one, and it was kind of paul ryans idea, put every big agenda item on top of another one. Everything started with health care for good reason, Everything Else has to happen. In retrospect, starting with infrastructure, getting democrats on board, might be hard to vote against that, might be a better plan. Hindsight is always 20 20. Stuart always. When we open the market in 41 2 minutes time, youre probably going to see a brandnew record alltime high for the Dow Jones Industrial average. Going up 80, 90, maybe 100 points right there the the opening bell. S p 500, nasdaq composite up as well. When youre close to the people you love, does psoriasis ever get in the way of a touching moment . If you have moderate to severe psoriasis, you can embrace the chance of completely clear skin with taltz. Taltz is proven to give you a chance at completely clear skin. With taltz, up to 90 of patients had a significant improvement of their psoriasis plaques. Before starting you should be checked for tuberculosis. Taltz may increase your risk of infections and lower your ability to fight them. Tell your doctor if you are being treated for an infection or have symptoms. Or if you have received a vaccine or plan to. Inflammatory bowel disease can happen with taltz. Including worsening of symptoms. Serious allergic reactions can occur. Nows your chance at completely clear skin. Just ask your doctor about taltz. Stuart i dont like to predict the stock market, but ill tell you this. In 30 seconds the market will open to an accurate forecast. And i do believe we are going to open at a brandnew alltime intraday high for the Dow Jones Industrial average. Because yesterday 21,613 are going to go up 70, maybe 80 points at the opening bell. That should carry us to a territory that the dow 30 has never been in before. A rash prediction on my part, and that it looks solid. Here we go. 9 30. Wednesday morning. Weve opened a 76 points higher and that is a brandnew alltime intraday high. You have never, ever seen the dow industrials at that level before. We are closing in on 21,700. Not bad at all. The s p 500 is a record close yesterday said this morning when it goes up another three points, thats another record high for the s p 500. Same story with the nasdaq. An alltime high yesterday so you look at another record. Some of the big Companies Reporting earnings and numbers for you. First of all, the Ford Motor Company is looking to the future. It made the mistake profits are going to be weaker. Maybe thats what they do see. Its a mistake as far as the stock is earned down the. 1 at 11. Stronger profit of bowling. Look at it go. A Gigantic Corporation of 5 . An 11 gain on bowling. Cocacola profit down because the tax considerations largely in the stock is down 1. 7 . President trump a singing in a wall street journal interview type apples chief, tim cook has promised to build three plants in the United States. How about that . More on that in a moment. Liz macdonald, keith fitzgerald. I almost got your name wrong. And todd horvitz is with us. There is a quote from the president about apple. Here it goes. I spoke to mr. Cook. He promised me three big plans. Big of a big, big. I said unless you Start Building your planes in this country want consider my administration and economic success. He called me and said they are going forward. Keith, would you make of that . You know, i tell you, i hate to say it because this is a great morning off to a great start, but i am jaded as heck. I would like to see tim cook say that in public. Is im not sure it will move the needle either. Very skeptical. Train do anything to make of that, liz . Exactly. Could mean a lot of things. Some of their suppliers expanding. Why not. Wage rates in china have gone up. This is a very good time in terms of energy costs and so forth to the building United States. The more he delivers on that, the better off he could be. Trade do he could be negotiating in public. Waiting for them to say we are not. Keith is right and apple is saying that this information we did invest last year. We are responsible for 2 million jobs in the u. S. Made from suppliers and developers. At around company. Keith is right. Wait to hear from tim cook. No comment so far from tim cook. Todd horvitz, this one is for you. I say that this market, the stock market is all about strong profit. Nothing to do with politics or debt. This is about profit. What do you say . Good morning, stuart. I say yes the profits are extremely strong, but the real problem is the growth we are getting is not growth. We are not getting kept expanding. We are not seeking better jobs and thats the bigger problem. You are 100 but the profits are built on retraction, not in growing and spending in research. That could be a bigger problems down the road. Stuart i will put you down as a skeptic. You are telling me you are getting worried about maybe corrections coming . Or the first time in a long time. Weve got so much lollygagging and weve got just a train wreck in washington d. C. These guys are willing to burn the American Public what they need to desperately do their jobs on both sides of the aisle. Worried about a correction, but the weaker dollar will take it higher in 22018. My fear is that they reached utterly. Stuart viewers are watching the bottom righthand corner of the screen with the dow industrials added 21,700. I say that verbally for the benefit of our listeners on radio. Yes, we just had retreated from 21,700. Facebook, the stock of the day probably report their financial position after the close of trade today. The stock is at a record high. 16578 as we speak. Keith, too expensive for you . No, not given my perspective. I dont think theyve begun to monetize in terms of data marketing information and more. If youve got the right perspective, you dont want to throw it all in there at once. Dollar cost average, take a little time in i dont think you will be negatively surprised. Will show our viewers whats happening on the ford United States senate. Mitch mcconnell is speaking. Majority leader of course outlining what is coming up in health care today. Ill tell you another skin to be a brief vote on flatout repeal of obamacare. That is senator rand paul amendment. It will be voted on this morning maybe during the hours of this program. That is what is going on in the senate. The market pay no attention what the weather. They are all about profit figure was up 21,700. Lets talk profits for some of the companies. They are making money. Look at them go. A 10 gain, huge gain for a company of that size. At t, another big company with a big game. 4 higher there. 1. 47. General dynamics produce good numbers at the stock is down 3 . Another reason for the decline for you. Dr horton, a homebuilder reporting pretty good profits. Is that right . Not helping the stock. Again, must be some reason for the 2 decline. However, hershey, chocolate people lower their forecasts for the rest of the year. Seventeen cents higher. Chipotle. People shrugging off reports of rodents in the ceiling. Youve seen it all. Still spending their money bear by the way. The road and reports. If that in the latest Financial Report . Ashley know whats not. The sales down 555 after the report. The number of virus outbreak. Chipotle has two straight quarters of good profit numbers that are five down quarters. The stock has lost half its market value since 2016. I think that is the key. A longtime ehrlich got bumped around by repeated incidents of disease and so forth. The truth is that still a very popular restaurant chain. Investors are kind of not responding to these individual incidents the way they used to be. Stuart tesla, the model as got top marks from consumer report. Model three reservation holders. Getting a little impatient. What is the story there . Tesla has been radio silent on when it will be delivered. People making deposits. They want to know when its going to come out. Now theres a lot of stories out there. Should you be investing in tesla other Software Companies that will add to these robotic cars. Some of these cars do not properly recognize highway signs. They basically misinterpret all sorted data out there. Robot cars are not as advanced as people may think. Stuart okay, this is for you todd horvitz. President trump telling the wall street journal he wants to ease the tax burden on the middle class but increased the tax burden on the rich. This is for you. Todd horvitz first. Go. I dont think that they should be able to raise anything. They should figure out a way to see the normal budget and cut down on the entitlement that we wouldnt need so many tax increases to bring down the tax from the middle class. I want to see it cut down to make and keep the budget like i keep at home. I would either be in jail or bankruptcy court. Lets see if we can at least get a budget down to where the entitlement spending doesnt belong to people who dont deserve it. Stuart that is the third rail of political politics in america. Keith, what you say about raising tax rates on the wealthy . You know, at some point every government is going to resort to this because their decades of fiscal planning has gone awry. Personally, i would like to see everybody has given the game. Then you can figure out who gets what later. Youve got to have truly progressive participation. We dont have that right now. Wheres the stimulus if you raise taxes on the rich . Thats right it is political cyanide to talk about reform. If you want to talk about middleclass, you have to cut tax rates. They are saying the cash u. S. Companies have grown to. 5 times under the Obama Administration because of the policies. 80 of it, 90 of it if we bring about homecoming you create jobs and growth. I want to see a tax cut for those people filing under subchapter s. Corporations. Newt gingrich talked the other day about cutting rates. Thats not enough. We need reforms for some ridiculous things Like Companies being taxed. That doesnt work in repatriation. Stuart on the show in about 10 minutes by the way. Thank you to keith, todd and lives. Thanks for being with us this wednesday morning. The dow was up 107 points. 21,722. Can you believe it . Amazon with what they are calling a jobs fair next month. 50,000 job openings is a number. Did you know that in 2011, amazon had only 30,000 employees in the United States. That number is going up. The tech worker employed by the democrats who was found with smashed computers linked to Debbie Wasserman schultz arrested by the fed as he tried to leave the country charged with bank fraud. Is there more to this story than just back . Top of the coming hour. Stuart with another ride this wednesday morning. The dow holding 21,700 as we speak. And now look at amazon. The stock is up nine bucks at 1049. Come on in, nicole and tell me about amazon jobs day. Amazon job stays just the beginning of amazons big goals. Earlier you mentioned that amazon was in 2011. 30,000 employees. They plan to sell up to 300,000 employees and how do they do that . They will have across the country next month and they will see more. Everything from illinois, indiana, washington. They want to hire 50,000 employees to do anything from working in the Fulfillment Centers and the like. Another 130,000 employees want to finish by mid28 team. Get on it if youre hot on amazon. The Ridesharing Service known as the list is teaming up with taco bell. That is news for you. Liz this is for other people out late drinking or partying or 9 00 p. M. To 2 00 a. M. In orange county, california. This is the taco bell is going to have for you. If you go to the lyft app, if you get the munchies. Test driving can go through the taco bell drive through. Heres the problem. They are not going to get paid extra for these munchy pit stops in their cars saying im not being paid extra to have my car smell like a fast food chain. The drivers are not happy. If you get the munchies, rob partying, taco bell. Stuart taco bell, got it. I am calling this at this point the chaotic presidency. Here is the president taking names at the attorney general again. Watch this. I am disappointed in the attorney general. You should not have recused himself almost immediately after she took office. If shes going to recuse himself, he shouldve told me prior to taking office and i wouldve quite simply pick somebody else. It is a bad thing not for the president , but for the presidency. It is unfair to the presidency and that is the way i feel. Stuart again, he goes after his own attorney general. Newt gingrich, the number one New York Times bestseller. Takes some understanding. I have been saying all along this is a chaotic presidency and im wondering if you agree with me and doesnt affect the legislative process for the trump growth agenda . First of all, i dont think its a chaotic residency. An enormous number of things happening. Yesterday alone they got four or five senators to vote yes thinking they will vote no. What hes done with the judges. The fact they repeal 16 regulations for every single new regulation. Lots of places are doing great things. The fact that amazon is hiring 50,000 people. Theres a confidence in the economy, hyacinth it 10 years. The underlying system is working pretty well. President trump on occasion stirs things up. And to be honest, i think is a pretty legitimate reason for being really angry. The whole process of the way the Mueller Investigation is involved is a witch hunt. If you and the president of the United States watch her soninlaw as he treated yesterday, he expect baron who was 11 will be investigated next. I think what youre seeing is his frustration that is running amok in it next the attorney general to take greater control of it. Triumph tends to be very much out front. I personally wouldnt have done it this way. On the other hand, successful to being who he is. Something else that hes telling the wall street journal to have some more to ease the burden on the middle class. Its not the complete opposite to what weve been hearing about tax cuts and stimulus . Personally i dont think you have to cut taxes on the rich. If we get the 3 to 4 Economic Growth and everybody who is wealthy will be fine. I am not for cutting taxes on the wealthy. Leave it alone. Take away from the New York Times of liberals the argument for tax cuts to the rich. A 15 corporate rate of passthrough to small business. A good big middleclass tax cut retroactive to january 1 and then you repatriate the trillions of dollars am sure, youll have this economy really moving in the first two quarters of next year. Republicans will keep the house, pick up six senate seats. But that has to be done by thanksgiving in order to be in a position to have the economy rolling in the first quarter. If they do that, they dont need to raise taxes on the rich. I dont see any reason to do it. Frankly, i think it would be a mistake on the psychological sense and a practical economic sense. Train to your book is called understanding trump. I am going to read it because i need some air addition im missing you are going to supply it. Remember, its not call predict and trump because i dont think its possible. Stuart i hope they come to understand this president. It was a pleasure, always is. Thanks. This could be a breakthrough. A new shot as a jab in the armed that could help opioid users kick the addiction. We will tell you what is being called the heroin vaccine after this. Potsch you each drive a ford pickup, right . in unison russ, leland, gary yes. Gary i have a ford f150. Michael ive always been a ford guy. Potsch then i have a real treat for you today. Michael awesome. Potsch im going to show you a next generation pickup. Michael lets do this. Potsch this new truck now has a cornerstep built right into the bumper. Gary super cool. Potsch the bed is made of highstrength steel, which is less susceptible to punctures than aluminum. Jim aluminum is great for a lot of things, but maybe not the bed of a truck. Potsch and best of all, this new truck is actually gary all laughing oh my. Potsch the current chevy silverado. Gary im speechless. Gary this puts my ford truck to shame. James ill tell you, i might be a chevy guy now. laughing so we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. I you always pay your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. I think what we need to do with the Regulatory Agency to ban the rate of new addiction as making sure people being described under prescribed opioids are for legitimate medical purpose. We know we can reduce overall exposure to opioid and reduce the rate of addiction. It is simple math. Stuart the fda commissioner talking on the innovation with the opioid crisis. Weve got innovation right here. Researchers testing a vaccine to prevent opioid abuse. Mark siegel is with us. Heroin vaccine, just explain what this is about. I love this coming out of walter reid which is a great place to come out. What this does is uses antibodies to attack airlines or percocet or vicodin. Anything like that that isnt opioid. Literally make antibodies. Blood streamed storage can get to brain. It doesnt cause you to stop reading so you dont overdose and have the feeling. Stuart i am an opioid addict i walk into the doctors office, get an inoculation jammed in the arm. That makes the antibodies in my body stopped the opioid affecting my brain. That day . Here when heroin no longer works. You may have to get a repeat of this. They are starting to tested in humans. Theyve got incredible results in animals. It looks very, very promising. People exposed to opioids at risk for addiction would get this. Stuart you you walk away. The opera does not work on you any longer. But if the attic do . They would try to get it somewhere else. If its not working, you wont take it. Thats the whole idea. I could then rush in with my antidotes likes the box found on the locks on. I would give the attic something that would help them physiologically get off of it. They wouldnt get high anymore and i would give them another medicine. This would in my opinion triple or quadruple the effect of current europeans. This could be huge. Tested in human volunteers now. You are not going to volunteer. This is one of the vaccines you above. Up on the table along with the way the very promising. Estimate very promising and manufacturers of aggression. We will give investors or this is a big deal. Stuart good news, too. We appreciate that. American technology. That is where the money is. Take a look at this stock price at amazon. Brandnew alltime high of 1050. Close to the richest guy in the world. Microsoft did hit an alltime high just a few moments ago. My take on the dominance of american tag is next. Stuart statute one of the most important business stories of recent years has been astonishing dominance of American Technology. Well, we are going to put a human face on it. We will show you the massive fortunes made by the founders of these dominant companies. The richest person in the world is bill gates. Worth a staggering 91 billion. He, of course, is the founder of microsoft. Now, look at, this jeff bezos, hes the founder of amazon. Second richest person in the world worth nearly 89 billion. If amazon stock goes up a few more dollars and it is going up today, bezos could well move into the number one spot. Number five on the rich list is mark zuckerberg, founder of facebook. Value just over 70 billion. Number seven, larry ellison, founder of oracle worth 52 billion, old tech but its still technology. Number 9, larry page, one of the two founders of google, hes worth 48. 2 billion. So five of the topten richest people in the world are americans who made their money Building Tech giants. Yes, they built their companies. They did nothing inherit massive wealth, they made it themselves. Remember, please, this is america, not europe. Theres an obvious trend here. Investors have poured money into technology because americas economy is based more on technology, Industrial Companies not so much. That was yesterday. Today and in the future is technology. The richless will continue to be dominated by people who start and build technology companies. You dont see much of this entrepreneurial innovation in europe or asia, do you . This accumulation of wealth and power will produce reaction from politicians. They will try to rein them in. At the home those efforts do not amount to much. Way things are going, bezos will be the richest person in the world by even next month or even next week and maybe zuckerberg will be the rich nest the world next year and i cant see American Technology losing dominance any time in the next decade. The second hour of Varney Company is about to begin. Note stuart look at this, death tweeting about attorney general sessions. Why didnt ag replace acting fbi director, comey friend who was in charge of clinton investigation but got big dollars, 700,000 for his wifes political run from Hillary Clinton and her representatives, drain the swamp. One more time, hes going right after very publicly the attorney general Jeff Sessions. No impact whatsoever in stock prices. 113,000, 21,726. New numbers coming into us moments ago, new home sales. 610,000 annualized. Little le than expected. Wall street looking for 615k. Second straight month new home sales you mean. The number of new homes were cut in half before the crisis. Housing invent other has been basically shrinking, for about 24 months in a row. The number of houses on the market has been going down as median house price has been going up for 64 straight months in a row. Now at 263,800. Median home price in the u. S. Stuart story here is not so much how many new homes we are building, 600,000 per year, the story is home prices continuing to go up while the number of new homes available for sale are homes for sales goes down. Thats correct. Record highs for house right now. Stuart if youre a seller, youre looking good. Thats correct. Stuart a buyer, not so good. Numbers from wall street. Dow industrials 120 points, well above 21,700. Dow jones average has never ever, ever been at that level before. I want to get back to the big tech names that i mentioned at the top of the hour. Here they are. Facebook is down just a fraction, thats it. Amazon powering ahead again to a thousand 51. Microsoft is at a new high. Alphabet down just a tinny fraction down a buck, thats it. Apple moving up to 153. They are doing well. Boeing raised forecast and it is doing extremely well. Its the best performer of all the dow 30 stocks, really giving impetus to average, up 8 . Again, you dont very often see a company of that size have such a huge market move. Now, this, we have an update on exclusive from the daily caller, a tech worker, this man who worked with Debbie Wasserman schultz, hes been arrested charged with bank fraud, this after fbi agents seized smashed computer hard drive from the tech workers home. Daily caller Investigative Reporter joins us now. Luke, something going on in the background here thats not been made public and i think its got something to do with the three pakistani brother who is were involved in the it work for congress, fill us in, please. This is big news, congressional staffer was arrested by the fbi monday night attempting to flee the country. He was apprehended at by fbi at the dullas airport where he was attempting to board a flight to pakistan. The it guy for Debbie Wasserman schultz. He had wired 300,000 from the Congressional Federal Credit Union to that country, that money did successfully go through and his wife who was also highlevel congressional employee did manage to flee the country and shes in pakistan with that money now. Authorities couldnt stop her. Customs and Border Protection did actually search her at the airport and found 12,000 in cash hidden in a suitcase but they couldnt detain her. They did get him on airport monday night soon after reporting that the fbi was closing in on him. Stuart the gentleman on the screen, i believe he had the password to Debbie Wasserman schultz ipads, which means he had access to the dnc files, is that accurate . Well, he could read Debbie Wasserman schultz personal emails. I dont think he would have had access to all dnc files. What he did have access to was all the emails and files of members of congress in their house capacities and he did have that for dozens of members including Debbie Wasserman schultz. Stuart he was kept on even though there was some suspicion of defrauding the government with computer equipment, but he was kept on, correct . Yeah, ive been writing about this for five months and ive been telling Debbie Wasserman schultzs office and sending court documents, this guy stepmom accused them of wiretapping and extorting her. Those are accusation that speaks to ability or inclination to use their it knowledge to turn the screws on people and use it for their own monetary gains. Theyve raised, you know, they raise concerns about what they might have done with their access to members of congress emails. So we dont know what dye that i had abuses on the House Network are component of investigation, but there have been numerous, allegations from family members about these guys going opinion on for a long time. Stuart come back, luke, because theres more to the story. Thanks for joining us, appreciate it. Thank you. Stuart President Trump says in an interview with wall street journal, hes open to raising taxes on rich people. That again is the interview with the journal and here is the quote, the people i care most about are the middleincome people in this country who have gotten screwed and if theres upward revision, its going to be on highincome people. Congressman Marcia Blackburn joins us now, republican from tennessee. This was not in the trump growth agenda, raising taxes on the rich was not there, how do you feel about it . Well, i think the focus is going to be on what happens with those middle brackets and getting them down and its going to be hard to pass any tax increase out of congress. People want to see those marginal rates lowered. Stuart yeah, but do they want to see taxes raised on wealthier people . Not at all because they want to see investment jobs growth like youre talking about the tech companies, stuart, that have been built here. That happened because in 86 you had a tax act that getting the cost of doing business down. Whether this was for individual, new starts, entrepreneurs, existing companies and therefore you had the big boom in the 90s and that is what people are wanting to see once again. Stuart how do you feel about this . Youre a republican, youre in congress and all of a sudden the leader of the Republican Party, President Trump, says, maybe we will we are thinking about raising i dont want to raise taxes on anybody. I want to lower them. Government is not government is overspent and you dont want to give them more money coming out of the taxpayers pockets. Lower the rates and get the growth going. Stuart how do you define the relationship between President Trump and congress . The relationship is great. We we support him. We want him to be successful. I hope that we end up with the biggest tax cut in history and we see that 3 and a half percent gdp growth every year. In order to make that happen, we need to get to work on this, push it forward. I wish we were going to be here in august working on this so that we would see it sooner rather than later. Stuart marcia, you may be there in august. Suits me fine. Let just get the job done. Stuart works for us. Marcia, im sorry to cut it short, thanks for being with us. You got it. See you soon. Stuart nasa engineers test fired the most powerful rocket engine yesterday. A crucial role in missions to mars, nasa hopes to send a manmission to mars by 2035. Here is whats coming up for you, 48hour strike in venezuela. The country in brink of civil war. The u. S. Reportedly replacing sanctions on 13 officials in government, military and state oil company, what will they even do at this point . Sanctions, will that stop a civil war . I think not but thats my opinion. We certainly ask the question. Two senators caught on open mic calling the administration irresponsible and calling President Trump crazy. Its been a chaotic president so far all over the chaotic relationship between President Trump and congress. More after this whether it be with customer contracts, agreements to lease a space or protecting your work. Legalzooms network of attorneys can help you, every step of the way. So you can focus on what you do and well handle the legal stuff that comes up along the way. Legalzoom. Legal help is here. Stuart moments ago senator schumer on the floor of u. S. Senate going after President Trumps tweets about the attorney general. Roll tape. All americans should be wondering, why is the president publicly, publicly demeaning and humiliating a such close friend and supporter, a member of his own cabinet, they should wonder if the president is trying to pry open the office of attorney general to appoint someone during the august recess who will fire special counsel mueller and shut down the republican investigation. Stuart well, here is the latest tweet coming in moments ago from the president. Why didnt ag sessions replace acting fbi director andrew mccabe, attorney friend who was in charge of clinton investigation but got big dollar, 700,000 for political run. In other words, hes back at it critical in public over attorney general sessions. He doesnt seem to go away from the subject, liz. Its damaging to the president right now what hes doing. Why . Mitch mcconnell is trying to scrape together Health Care Reform votes as republican senators and congressman are saying, we now align ourselves with Jeff Sessions. So its a distraction. In fact, ten top senators are aligning themselves with Jeff Sessions including majority wip mr. Cornyn and shelby. The president s own moods have triggered what is going on with the special counsel. Stuart selfinflicted wound to a large agree, thats what it is. Real distraction. Fire james comey, said there were tape recordings when there werent, own political desires and hes basically putting his own personal politics on top of the law. However you think of the russia probe, it is under way and it was triggered because Jeff Sessions according to Justice Department of rules had to recuse himself. Stuart the market doesnt care. Doesnt. Stuart the market doesnt care. Look at it now. Youve never ever seen the dow industrials as high as this, 21,739. Right. Stuart im going to get to the horrific story of the migrants who were found dead, ten of them in the back of a tractor trailer in texas. Come on in, please, Texas Attorney general ken. Sir, is this is this a frequent occurrence, not the deaths in the back of a tractor trailer but migrants being ferried around the country packed . Yeah, obviously this is horrific and it is common. Earlier this month we had a trailer found with 72 people in it, fortunately no one was hurt. This has been going on in our state for years. In 2003 we had 19 people die. This is a problem that we are concerned about and has been happening for decades. Stuart is it a problem because of sanctuary cities, in other words, are they ferrying them to a sanctuary city, let them out the back door, pick up another lot later, is that how it works . Youre going after sanctuary cities, you think you can stop this kind of the back of the tractor trailer going on . Yeah, and i think sanctuary cities are part of the problem and what the Texas Legislature and our governor are doing to stop that, what the federal government is doing to stop that will help, but Border Security is also an issue and thats something that has been an issue for obviously decades. Also fortunately we have a president thats addressing that or starting to address it with the law, border agents, with different types of technology, so all of these are factors and all of these things will help in resolving this issue because obviously this is horrible. Stuart i believe that attorney general sessions is taking an extra step against sanctuary cities. Hes demanding that immigration officials be allowed into local jails if they want access to local jails. Thats going to help, i believe . Oh, absolutely. The cooperation between local and federal officials will make a huge difference. Thats something that has been ignored over the last eight years and something that will make a significant difference just a little bit of cooperation will help us deport some of the criminals. Stuart how are you doing when you oppose sanctuary cities, are you making progress in texas . Absolutely, the public in texas is very much in favor of this. If you think about what sanctuary cities are doing, theyre protecting people who are either in jail or convicted criminals, people suspected of being criminals and theres really no reason that i can see that any city in the state would be concerned about protecting criminals from being deported. Stuart has any sanctuary city in texas so far repudiated sanctuary city status . No, i dont think at all. They have been some of them have less aggressive although we are in a lawsuit right now with many of the cities, san antonio, dallas, austin have sued the state over sanctuary city. We are very confident in the end the Supreme Court has ruled on this in a law passed by arizona, in the end we will be successful. It is frustrating the cities spend taxpayer dollars to basically defend illegal criminals. Stuart we are glad you are on it, sir. The great state of texas, thanks for joining us as usual. Thank you, appreciate it. Stuart yes, sir. Next case, uber creating a short list of ceo among Travis Kalanik step down, we have the name at the top, back in a moment. Stuart happening now. Fox news business, blake berman reports attorney general sessions is at the white house. We are told he did not meet with the president. This was a previously scheduled visit just a few minutes ago the president tweeted again his opposition and anger at the attorney general, okay. Just keeps on flowing out, doesnt it . [laughter] stuart we have uber, theyve narrowed down the search for the next crea, Tracee Carrasco joins us with who is at the top of the short list. Meg whitman. They hope to fill the job by september of job has been vacant since Travis Kalanik resigned in june and its unclear, though, if whitman were offer the job, if she would take it. She previously said shes commit today hpe but shes been reportedly meeting with ubers leadership. Now many people have been saying that uber should hire a female ceo to take over. Stuart okay. Tracee amidst all of the scandals that theyve had. Stuart i heard cheryl, doesnt want it. Who else weve got . Marisa myer. Tracee shes available. She could do a good job there. Its unclear, really, who would take the job because theyve got quite sheet to tackle. Stuart i would take the company in a heart beat. A company like uber worth tracee even with all of the scandals . Stuart you could be the person who fictions it. Tracee could be the hero. Stuart walk in with a piece of a stock, 70 billion. Tracee okay, youve convinced me. Stuart tracee, thank you very much. Tracee thank you very much. Stuart President Trump throwing a curve ball in the wall street journal suggesting he might actually raise taxes on the wealthy. Isnt this the exact opposite of what we heard from treasury secretary mnuchin, we are on the story believe me. And american intelligence agencies now believed the North Koreans would be able to develop within one year a missile that can reach the United States. More varney after this. Oil breaking today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Whoa thats amazing. Hey, im the internet i know a bunch of people who would love that. The internet loves what youre doing. So build a better website in under an hour with. Gocentral from godaddy. Type in your idea. Select from designs tailored just for you and publish your site with just a few clickseven from your. Mobile phone. The internet is waiting start for free today at godaddy. Stuart breaking news, what a turnaround this could be. Foxcon, the company that assembles the iphone opening a plant in wisconsin, usa. Expected the announcement today by 4 00 oclock central time. 10,000 jobs possibly, this is foxcon, maker of the iphone and ipad for apple. So we are winning on that announcement. Could be in southeast wisconsin. Stuart in wisconsin . Thats correct. Stuart on top of President Trumps statement in the journal that apple has agreed to build three plants in the United States. Apple still silent about that. Amazon saying we are going to hire 50,000 workers at mega job fair, many of them on the spot, four fifths of them fulltime workers. Stuart concentrate on your successful jobs growth in america and forget attorney general sessions. Thats just my opinion. Check the big board. Rally, 120 points higher. 21,733. What do we have on oil . Down 7. 21 million down. Its two and a half times bigger the drawdown than expected. The fourth straight drop. We are looking at the action in oil ticking upward. Six in last seven weeks a drawdown. Its bigger than expected by two and a half times bigger than expected. Stuart good indicater, if we are using more oil, Economic Activity is pretty strong. Up goes the price of oil and maybe has something to do with the stock market. Thats correct. Stuart economic indicater. General dynamics, revenue down, sales fell in both its Aerospace Unit and Information Systems and Technology Division and the stock is down 4 and a half percent. Dr, they build new homes, slowest order growth in three quarters. The stock of dr horton is down and some of the other home builders. Hersheys sales up. Does not affect the stock today. It is up 12 cents. President trump says rich people may have to pay more in taxes. He tells the wall street journal, quote, the people i care most about are the middleincome people in this country who have gotten screwed and if theres upward revision, its going to be on highincome people. Joining us now Fox News Contributor mercedes schlapp. Now its a tax increase . Well, interesting, right . Stuart, it sounds like hes actually trying to send a message to the democrats in a case like this where hes saying, we might not lower so much the higher tax bracket, income bracket which is an interesting approach. I dont know if the republicans will go along with that. Obviously what we are seeing right now the fact that the republicans, you know, theyre about 80 there when it comes to consensus on the tax reform bill and obviously two of the major points is simplifying the tax code as well as lowering the Corporate Tax rate and seeing what they can to make these businesses specially the Small Businesses more competitive in the United States. Stuart youre at the very center of conservative life in on our nations capitol, can you urge President Trump to academy maybe a plant built by foxcon, an Asian Company in wisconsin, maybe apple Building Three plants in the United States, cant you get the president to accencuate rather than going after attorney general Jeff Sessions. Let me send him on that, stuart. Stuart you know what i mean. Its a chaotic presidency and getting in the way of tax cuts or tax increases. I tweeted out this morning, i said, i want the sessions and trump saga, reminds me of a song thats called from the 1990s the best part of breaking up is when youre making up. So i want them to hash out differences, to get on the same page, i think that its not helpful to have this this very public disagreement that we are seeing because attorney general Jeff Sessions and the president , obviously the president is not pleased with how the russia investigation is going. I think he wants to see sessions be more aggressive on pursuing an investigation on Hillary Clinton and these potential allegations that we are seeing between possible collusion between the Ukrainian Government and the Hillary Clinton campaign and so i think that that is his source of frustration and this is what happens in a white house, stuart, whenever theres an investigation, it really does almost take over the psychology of a white house, the psyche of a white house and its important, i think, for the president , this is why it was so effective for him to go out to ohio, he obviously went to West Virginia to sell his legislative agenda, whether itd be the Health Care Reform or whether itd be tax reform, something that an area where he feels comfortable about talking about those issues. Stuart great response from his supporters no. Question about it. Absolutely. But i feel that the tension that we are seeing with cabinet members and in this case attorney general Jeff Sessions is because theres such a highlevel of frustration on how this Russian Investigation is being handled, on how fbi bob mueller has brought in a team, many of them that we know have contributed to Democratic Candidates in the past. He feelses theres so much stacked against him and theres the other side that they should be investigating which is that of Hillary Clinton. Stuart do we have to keep on revisiting the sessions issues, i dont know how many tweets hes put out about it and its ongoing, its a real distraction, last word to you. This is where its important to have the private discussions in this case between the president and attorney general sessions. I think he could have the president could have avoided the more public aggravation that he feels but thats how the president rolls. This is where hes unconventional. Stuart it will take us a long time to get used it. We might never get used to it. American people want these items done and they want them done now. Stuart yeah. We do. All right, mercedes, thanks for joining us as always. Take care. Stuart you forgot to tell me to chill out. You seem calm today. [laughter] stuart i dont know why. Mercedes, thank you very much, we will see you again soon. Thank you. The United States will reportedly place sanctions on 13 officials, venezuelas government, military and oilstate people. Joining us u. S. Embassador to the united nations, mr. Embassador, looks to us like theyre about to start fighting in the streets seriously this weekend as the socialist attempt to take absolute power. I dont think that sanctions make a blind bit of difference for fighting in the streets. Whats going to happen. When you only name specific individuals, the sanctions like that are very easily evaded, given the general, will largely be ignored, i think the United States should take a more active role, maduro government stuart active role. What does that mean . Despite what you see in the picture is still very disorganized. I think theres thing we can do to help them and we can do it if they want or covertly if they want. Its carrying venezuela from a promising thirdworld status right into poverty for all of its citizen. This is the triumph of ideology over reality and the sooner we bring the government down, the sooner the people of venezuela bring it down, the better. If they should would be useful, we should do it. Stuart im with you, sir. American intelligence says north korea within a year can perfect a rocket, a missile that will hit the United States. Now thats a shortening of the time frame very much so and its a really big new threat, isnt it . Yeah, although honestly, some of us have been talking about this for a long time saying if we dont act more vigorously, not just against north korea but against iran, they will have this capability. If north korea, indeed, gets the capability, iran will have it the next day via wired transfer. We fooled around on the threats for 25 years, both of them and thats why our circumstances now are so constrained. This is very bad news, make no mistake about it. Stuart the president is taking a hard line on hot spots around the world. Do you approve of it . Bureaucracy is not. Just last week the decision was made to certify that iran, for example, was in compliance with the 2015 nuclear deal which it manifestly is not. The idea that we are going to try to negotiate with north korea is a complete nonstarter. We have been doing this for 25 years and failed obviously, why does anybody think that doing it for year 26 is going to make a difference . Stuart maybe holdovers from the obama team still within the state Department Still in active policy roles, is that the reason this is happening . Thats actually a small part of the problem. The state department has roughly 70,000 employees trying to turn it around, its like a big aircraft carrier. What is the state department doing today what it dead yesterday and what is it doing tomorrow, what it did today until somebody says do a 180degree turn. Stuart yes, sir. We are about to show you some video, what youre seeing is one of the mansions of the infamous drug lord and cocaine dealer Pablo Escobar, this one in mexico. Now converted to a luxury hotel. A total of 42 suites, the best room will cost you 840 a night. How about this . A Senate Republican Susan Collins caught on tape in conversation with a democrat, collins agrees with the democrat says shes worried about the trump presidency. Youll hear it all next ling in e walls. My mind went totally blank. All i remember saying was, my boyfriends beating me and she took it from there. And all of this occurred in four minutes or less. I am grateful we all made it out safely. People you dont know care about you. Its kind of one of those things where you cant even thank somebody. To protect what you love, call 1800adtcares President Trump talking about middleclass tax cuts while raising money to the rich. Listen to what speaker Newt Gringrich had to say about that, roll tape. Personally, i think that would be dumb. I dont think you have to cut taxes on the rich. I think if we get to 3 or 4 Economic Growth, everybody who is wealthy will be fine so im not for cutting the tax rate on the wealthy. Leave it alone. Take away from the New York Times and the liberals the argument that we are for tax cuts for the rich. I think if you had 15 corporate rate, a passthrough small business, a goodbig middleclass tax cut retro active to january 1 and repatriate the dollars offshore you will have the economy moving. I dont say that likely. [inaudible] oh, yeah. [inaudible] stuart let me recap that, the point is the democrat said referring to mr. Trump hes crazy and Susan Collins, republican said, im worried. Come on in charles. If this is the relationship between members of congress and the president , i have to say that it is a chaotic relationship and it doesnt help anybody. Definitely chaotic and, yes, Susan Collins should be concerned, she should be worried because donald trump represents a deep, deep outrage at everything that has been going on in washington for a long time that people like her and jack reed have been overseeing for a long time, their way of doing business is safe to say is over and, yeah, it is very chaotic. We are seeing it both in the republican within the Republican Party and across party lines. Its what people want. Stuart i watched the speech by the president last night in ohio and it seemed like he was lining himself up to go right after go right on head to head with the republican establishment. It sounded like its war. The president versus the republican establishment. Is that a bit too far but nonetheless i think thats whats going on . No, i dont think thats too far out and if you look back at the campaign, thats what his entire campaign was about and that was remember when he gave his inaugural address, it blew peoples mind, they couldnt believe it. When you went back and read the address, listen to it carefully, all he said during the address was that, yeah, i campaigned on these things and i intend to make good on the promises that ive made and people in washington freaked out. They got really worried because they thought he was just kidding the entire time and and when he gets into trouble and idiotic stupid fights with somebody like Jeff Sessions its such a distraction, it hurts himbadly and as he did throughout the campaign whenever he got in trouble he pivoted, went back to the issues that that people cared about and he got out of trouble every time and he can do that now, turn back to the issues, focus on those and he will get he will all this other nonsense will just sort of drift away and he will be back in a governing position. Stuart okay, former House Speaker john boehner says the republicans just wont be able to get Health Care Reform done in a speech he says, seven months into this year and yet they have not passed this bill, now never, they are knot going to repeal or replace obamacare, its been around too long and the American People have gotten accustomed to it. Do you think hes right . I would have thought he was more right until yesterday but what we saw yesterday with the Senate Voting to proceed on the Obamacare Repeal some kind of Obamacare Repeal, i mean, the republicans really did, they fetched that out of the dust bend and managed to put thatbring it back to life, amazing to me. The fact that they could do that means that theres an intense pressure. These guys are not just scared about what happens, what to create out of this, theyre also terrified of facing voters having not done anything and if theres that amount of pressure in the white house, i mean, in the senate, then i think that theres a very real possibility that they can pull aura a ra bit in rabbit and make something out of it. Stuart charles lives in hope. We are going to leave it at that. Okay. Charles, thank you very much for joining us. We will see you again real soon. Thank you. Stuart amazon plans to host a job fair next month. What are they going to try to do, hire thousands on the spot . Yeah. Dozens of locations across the country. They pledge to have 130,000 jobs. Stuart why doesnt the president accentuate that kind of thing and foxcon these are jobs. Stuart venezuela, president maduro moving ahead to rewrite the countrys constitution. The country is on the brink of civil war, what are we going to do about it . Amendment after amendment, socalled voter rama, this is the sausagemaking process and we regret to say it, youre going to see it. Back in a moment. Approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by Unitedhealthcare Insurance Company come in. 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Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. [shouting] sergeant arms will restore order in the chamber. Stuart you heard it so did everybody else, kill the bill, dont kill us. Thats what they were chanting before escorted out of the senate chamber. You guys out there, our viewers had a lot of things to say about this. First of all from kristin, these people are embarrassments to our country. If they want to protest congress, do outside, dont interfere with the work of the senate. Well said, kristin. They dont care about the health bill, they just want to stop trump from doing anything good to the country. Im with you on that one. We wouldnt be going through this today had our previous president not try today fundamentally change the health care industry. Liz, do you think the protests, they are standard feature of every congressional hearing and now senate debate. I dont think thats right. Your viewers are right, the protestors are illinformed, the media is keeping them ignorant about the facts, medicaid exploded under president obama. He basically loosened the rules for people to be on medicaid, the number of workingage adults soared. 29 under obama. Estimated by 2021, stuart, half of the population, working population could be on some sort of medicaid or assistance. Stuart half of all births now are taken under medicaid. I dont think that the political will is there to really rein in what president obama did to the health care system. You see republicans not voting for any reduction or cost controls of medicaid which obama lifted. Theres no cost controls on medicaid. We didnt see this in the history of the country. Obama lifted them. Medicaid expanding is not being cut, the growth in spending is being cut. Stuart despite what the protestors say. They are not killing people. Ive had it with protestors interfering with the legislative process and the process of debate. Its become so frequent so obviously dont like it. Its antiliberal and its antidemocratic to shut down debate like that. Stuart careful how you use the word liberal. Thank you very much, we will beh back. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] mmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing,. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Call to save 500 off bath walls with your walkin bath or visit kohlerwalkinbath. Com for more info. Stuart the conservatives wanted this and now they are about to get it. A straight up or down vote on obamacare appeal. This is rand pauls amendment. Included on the schedule so he would say yes to keep the debate going, the simple repeal bill, two speakers, and go down to defeat. There is another amendment followed by another vote, it has a long, intense sausage making process. Two things that would surely improve our economy and healthcare for which we are not likely to see. Number one, seriously cut back medicaid, not going to happen. Moderate republicans and all democrats refuse even a reduction in medicaid growth. Wish it werent so but we are headed towards more and more european style government care, cant avoid it. 2, tort reform. Do something about the plague of lawsuits that force doctors into expensive, defensive medicine. The lawyers are a powerful bunch of lobbyists. Tort reform is a long shot indeed. Congress will keep talking and no doubt there will be some tinkering with obamacare but the political will to make drastic changes just isnt there. Regrettably it looks like we have a swamp victory. Is this what Republican Voters wanted . Be not downcast. The economy is looking up and your money is doing very well. As we take you to congress and show you your government at work, they are about to do that, the third hour of varney and company is about to begin. Stuart moving and shaking on the set right now. That is one of the stars of something, michael jackson. Lets get to the big board. Dow jones average a record high, you have never seen the dow above 21,700 before and is well above it now, 105 points. Breaking news, brought it to you moment ago, the company that assembles the iphone and Asian Company, opening up a plant in wisconsin. Liz a game changer for wisconsin, 10,000 jobs created in the southeast section of wisconsin. Maybe 3 billion in tax breaks but this is the maker of the iphone and ipad for apple. Stuart they never produced in america before and now they will. Also happening right now, foxbusiness newss blake berman reporting Jeff Sessions is at the white house. He did not meet with the president. This was a previously scheduled visit. Remember an hour ago donald trump retweeted his anger at Jeff Sessions all over again. That has not gone away. The attorney general is in the white house. Lets get to capitol hill, the senate is debating a straight Obamacare Repeal. Rand pauls version, lets go to hhs deputy secretary and former lily usa president , he knows a few things about healthcare and obamacare. You say if i am not mistaken, not a single amendment will get 50 votes. They wont touch obamacare . They will be in favor of apple pie and motherhood and baseball and that may pass but i have trouble seeing anything will get 50 votes in the u. S. Senate right now. They turned down the reconciliation bill last night. They will turn down the repeal bill, two years ago 48 of these senators voted for, that will fail today. Stuart that will fail in a couple hours. At most, a procedural vehicle may sneak through what they are calling skinny repeal. What that would be get rid of the individual mandate, get rid of the employer mandate and repeal the device tax. Cost you 230 billion but because of cbo, that will cause millions of people to go up individual and medicaid insurance saves you money. That gets you to a conference with the house but where does that take us . Stuart nothing is happening, no change. Obamacare for the foreseeable future, that is your conclusion. Hard to see given what weve seen in the senate that everything that comes out of the house and then a Conference Committee will deal with medicaid. It is hard to see the liberal republicans seem to be so entrenched in the Medicaid Expansion, hard to see that and individual market reform, the Senate Parliamentarian said the market reforms that could fix elements of obamacare cant be used in reconciliation to get 50 votes. You would need 60 votes, democrats included, to do that. I have trouble seeing anything happening. Stuart the way votes i taken and the makeup of the Republican Party and the Democrat Party mean nothing happens. Got to have something up end of the day. Can you walk away entirely . As obamacare collapses . At the end of the day this is a hot potato the land and secretary prices left for him to use as many authorities as he can to grant like ability and dig us out of the obamacare mess is much as he can. Stuart that is all we get. That is all we get. Stuart that is your considered opinion. That is my political assessment. Stuart that is a political assessment. What i think is going to happen. Stuart a negative opinion indeed. Thank you for being with us even though it is a negative political opinion, we will take it. Back to the markets. We have got to tell you a record high despite what is going on in the swamp, you are looking at the highest level the dow industrials have ever reached, well above 21,700, bringing us in now, capital wave strategist shah gilani. Earlier on this program one of our colleagues, keith fitzgerald, said he is worried about a correction, sometime fairly soon. It has gone so far so fast he is looking for a correction but you are not. There is a possibility of profittaking but im not looking for that. If you look to the markets it is like a sports bad analogy, you bet they are going up or down. If you but they are going on you are a loser. You have to but the markets continue to go up because they have been going up. They have momentum, earnings are there for the leadership stock so there is Nothing Holding anything back other than what you might do is make side bets against something happening or not happening politically but the big bet is going to market and the uptrend and the market should continue to go hire probably a lot higher. If we get any kind of tax rates for reforms the market will go stuart if you get icing on the cake. If you get anything. Stuart you have been on this program for three years and throughout that time you have been a backer of the bigname technology stocks. Single out facebook for a second. It just hit another record high, reports profits at 4 00 this afternoon after the market closes. Are you still a buyer . They had their earnings and profit projections out of the park today because look at google, google had a pullback but they are growing their revenue and users and cost of advertising went up a little bit, but gross profitability went up, revenue went up, facebook looking at the same environment. It will be more profitable and revenue higher and nowhere to go but up. Facebook is the brand, facebook is at the heart of the social media revolution so nothing will change, no one will come on facebooks heels and take its position as number one. It will continue to monetize, to billion daily users i think. That is a phenomenal number. Stuart it is well over 1 billion. If it is shy to billion it they are on the way if not already there. Users per day, active users. As an audience, think of that as a place to sell goods and services, it is phenomenal, a tremendous company. Stuart it is 164 now would give me a number. All the tech stocks continuing to go back and make new highs, it is coming shortly. No place to go but higher. As long as the market is strong or steady the stocks, the market continues to go up and the stocks go up and leave the market aye. Stuart wednesday, july 26, 2017, shah gilani on tape saying no place to go for tech stocks but up. That is the way where the earnings are in the growth is. Stuart you are pleasing a lot of our viewers and certainly pleasing me. Hopefully they own all of them. Stuart i have microsoft. Another record high. Stuart thank you for telling me and the audience. Thanks for joining us. Take a look at the price of oil up today 48 per barrel. There was a drawdown, we are using a lot of oil taking a lot out of storage so the price goes up. How about the price of gasoline. The National Average is holding, the lowest level for gas in july. Now this. Two england senator scott on a hot mike unloading on donald trump. Susan collins, republican from maine apparently speaking to democrat senator jack reed of rhode island. Watch this. Change i am done. Stuart the democrat says he is crazy is in donald trump, the republican says i am worried. Next, Martha Maccallum on that hot mike. Monitoring the live debate going on on the senate floor. Votes to come. It is all happening this hour, stay right there please. I stayed away stuart senator rand paul on the floor of the senate talking about flat out appeal of obamacare, listen briefly. Half or more of obamacare remains. Bed things remain. All of the mandates on what you have to purchase on your insurance remain. That doesnt mean we shouldnt do this was the other side does not want to help. The other side has never met a regulation want to repeal and never met a tax want to lower. If you want to get rid of the taxes it has to be done today. Stuart that is senator rand paul speaking in favor of his amendment, the simple straightforward repeal of all obamacare. There will be a vote on his amendment shortly within the hour. We are told is likely to go down to defeat but a passionate rand paul right there right now on the floor of the senate. Let me refer to Something Else that occurred on the floor of the senate recently. A hot mike left open caught a conversation between democrat jack reed of rhode island and republican Susan Collins of maine. The democrat said donald trump is crazy, used that word and the republican, Susan Collins responded im worried. Martha maccallum, host of the story on fox news. What does that tell you about the relationship between congress and the president. Susan collins will not be standing by any hot mikes soon, he lambasted a congressman about the size of his test and what else. I dont think it is surprising from senator reid. We have heard worse from democrats. We know Susan Collins is not on the same page with the president particularly on the healthcare issue. Not that surprising we are having this conversation but in terms of the larger picture, it is very clear the president feel like everyone in washington is against him and they dont want him to accomplish his goals and there is some truth to that. The bureaucracy in washington is terrified about the drain the swamp memo of this president. I think he doesnt help matters when he fires off tweets that give them every excuse to find reasons to be against him. Last night we saw this is where he feels he can fight back. If he gets out in the public and talks to the American People he is going to put a chill on certain senators and congressmen in the districts he is in and perhaps provoke someone to run against him who he feels will be in his vain. Stuart if i think the state of play is trump versus the republican establishment am i going too far wrong . It would be exactly where we were a year ago today. It was trump versus the establishment. 16 of them on that stage and he picked them off one at a time during the primaries we watched. This is not a true republican president , nor is he a democrat president. He has been time both parties over the course of his life but he has carved out something that is different than either of those parties and it makes them very nervous. Stuart he has carried his supporters with him. Looking at the rally in ohio last night there was no shortage of support, vigorous support for this president. In a very democratic area, while. Stuart are you having fun . I am having fun. There is no shortage of material. Rand paul was on the story with me the other night and he wants full repeal or at least some repeal which makes me think he may be open to the skinny repeal notion which is to remove medical devices, tax, to take away the mandate for employers and individuals. Stuart i would settle for something rather than i watch you every morning, i know how you feel. Stuart always a pleasure. I will update you. We told you last hour that attorney general Jeff Sessions was at the white house, it was a scheduled visit. We learn he is back at the department of justice and, quote, did not meet with the president but the president did tweet early this morning again in anger at Jeff Sessions. It is all happening. Strong profits at boeing, that star kidding a new high, that stock giving a solid lift. Boeing a, 8 higher. And look Health Care Debate on capitol hill, happening right now. Check this out. Do you want to look like a kingpin for the night . Rand paul, we were going to show you, there you go, the mansion formally owned by Pablo Escobar turned into a luxury hotel. We cover everything on this program. Stay tuned, we will be back. I love to eat. I love hanging out with my friends. I have a great fit with my dentures. I love kiwis. Ive always had that issue with the seeds getting under my denture. Super poligrip free. It creates a seal of the dentures in my mouth. Even well fitting dentures let in food particles just a few dabs of super poligrip free is clinically proven to seal out more food particles so youre more comfortable and confident while you eat. Super poligrip free made even the kiwi an enjoyable experience try super poligrip free. Approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by Unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement insurance plans, they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. Youve learned that taking informed steps along the way really makes a difference later. Thats what it means to go long™. Call now and request this free decision guide. Its full of information on medicare and the range of aarp Medicare Supplement plans to choose from based on your needs and budget. All plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. Unitedhealthcare Insurance Company has over thirty Years Experience and the commitment to roll along with you, keeping you on course. So call now and discover how an aarp Medicare Supplement plan could go long™ for you. These are the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Stuart that was a clip from the Netflix Series about the colombia kingpin Pablo Escobar. Fans can stay in one of his homes in mexico, it has been turned into a 35 room luxury hotel. The mansion sat empty for 14 years and was renovated, now it is a hotel, bare minimum price, 515 per night. Check out these extraordinary before and after pictures. This man lost more than 200 pounds to join the army and he did it in 14 months. William gwynn junior wanted to follow the footsteps of his grandparents who did serve. He was too big to enlist, he started hitting the gym six days a week and dropped from 460 to 230. He was sworn into the army in dallas earlier this month. It has been 20 years since the movie of titanic was released, Leonardo Dicaprio and kate winslet reunite for an auction, the winner gets to join them for dinner. It will take place in october or november in new york city. The actors get to pick the place, proceeds go to the Leonardo Dicaprio foundation which raises money for environmental causes. Remember, duke riley pulled the suv down the street. You saw that. This guy, offensive guy Brian Winters getting in on the action, pulling his 3800 pound ford pickup truck around the parking lot. This is what they call winter training. That is what they do in the nfl. We do politics and money. We told you about fbi agents seizing smashed computer hard drives from the home of a tech worker who works for Debbie Wasserman schultz. An arrest has been made. That man on your screen arrested. More details on that. Could be a big story. We are monitoring the Health Care Debate, rand paul in full swing going for his own amendment which is the full repeal of obamacare. They are going to vote real soon and we will take you there. Stuart am i dancing . I am not dancing. I am listening to earth, wind and fire and the music is lets groove. Show me the big board, lets get the are many. It is a rally. You have never seen the dow industrials above 21,700 but that is where we are, the dow is up 108. Look on the floor of the senate, rand paul is still there speaking in favor of his amendment which is repeal entirely and simply obamacare. He has spoken on that subject. There will be a vote momentarily on full immediate repeal. We bring his head vote when it happens. A tech worker for Debbie Wasserman schultz has been arrested, charged with bank fraud, trying to leave the country. Fbi agents reportedly seized smashed computer hard drives from his home. Greg jarrett is with us, following this story. There is something more going on than bank fraud. Give me the big picture. What if it was the set of brothers and other relatives that were downloading Sensitive Information from the dnc and they are the ones that leaked it to wikileaks and not russia . What if . I am not saying we have evidence of that but this is the tip of the iceberg we are looking at, arrested for phony billing making millions of dollars off of democratic congressmen and women for work they didnt do. That is the allegation but now the feds have found that the home of one of these brothers smashed hard drives, routing equipment and all sorts of sophisticated computer information that may indicate to the feds, weight a minute, Something Else is going on. A staff worker for the dnc says these guys were downloading Sensitive Information to an offsite server. That could be a crime. If they are uploading into the cloud, Sensitive Information, classified information, that is also a crime. What i am wondering is if this is somehow hooked into wikileaks and the allegations when it was the russians when it might not have been. Stuart three pakistani brothers had highlevel jobs in the government, had access to the computer systems, Information Technology systems of several democrats in the house including Debbie Wasserman schultz. They had access to those computer systems, they could have looked at what was on the congress peoples computers and they may have downloaded it and send it someplace else. It is what we are looking at and Debbie Wasserman schultzs behavior is suspicious. She wouldnt allow the Capitol Hill Police to have access to her laptop. She kept demanding the return of the laptop and allegedly used a hearing on capitol hill to threaten capital police. All of a sudden in the last 24 hours, she has done an aboutface, i will give you access. Why . Could be the feds sat her down with her lawyer and said you are looking at obstruction of justice, madame congresswoman. Stuart back to the smashed hard drives. They were found in the garage of one of the three pakistani brothers who left the house in a hurry. And kept coming back saying give me back the smashed hard drive. Perhaps he feared the feds could still lift something out of those. Stuart find out what they had been. Exactly fed. Anyone there is more to this . I guarantee you there is more to this than the allegations of phony billing. Stuart glad we are on top of it. Appreciate you being with us. Now this. The us slapping sanctions on 13 government and military officials in venezuela. This is to try to contain the quest for absolute power by the socialist government. That is likely to happen this weekend. Come on in all over north, host of the war stories. If we apply sanctions i dont think that will do any good whatsoever in terms of stopping any fighting, literally streetfighting that could break out this weekend. Sunday is the election. It will put in a new constituent assembly in venezuela. The bottom line, you have 1. 5 million refugees and internally displaced people in venezuela. It is a modern country. What you are looking at is the very strong likelihood given the price of oil went up a few pennies to 40 a barrel the bottom line is we are the number one importer of venezuelan refined product, if there is a Sanction Program the United States imposes that cuts into that you could end up with a lot more refugees. There are very few good options in all of this was we are inheritors of the previous and ministrations benign neglect of everything in latin america. Donald trump is another crisis on his hands with a country that out to be an american ally. Chavez changed that with his revolution that we are trying to extend his tenure from the five years maximum of not being able to run again he now wants to be i guess president for life. Stuart he wants to be a socialist dictator. The vote towards that end is this sunday. We hear that could well be streetfighting in caracas and other cities in venezuela. What should we do . We could impose sanctions but that is not going to change things. What should we actually do . Sanctions will probably make military think twice about backing this guy. Granted you had a long time under the chavez rule but you have officers and senior noncommissioned officers who believe in a democratic process down there and we should be quietly encouraging that. We will get blamed for whatever bad things happen no matter what. It might be nice if we for a change took a hand in trying to move it in the right direction which is restoration of real democracy. You are right he is a socialist dictator and model of Vladimir Putin and the castro brothers in cuba. Stuart another subject, north korea. American intelligence now says the North Koreans could perfect a missile within one year that is capable of reaching the United States. That sounds like a dire threat. What say you . It is. Absolutely. This is an accidental threat to the United States. There are a couple things that i do have been happening for a long time. One, the recognition that the iranian and north Korean Missile and Nuclear Programs are joined at the hip. Never 2, the number of nuclear and icbm tests has gone up dramatically, not talking about blowing things up, testing the external components for a Nuclear Weapon, and icbm tests. There have been more of them since we send the money back to iran in the last 12 months than there were in the previous 20 years so clearly that is where the money is from. Stuart what should we do about it . Number one, what has to happen is the president has to tell everybody if you do any business with iranians and the North Koreans it doesnt matter if it is tires or rice, you will not be able to do business in the United States. He needs to tell president a, changing your constitution so you can build your own Nuclear Weapon and improve your defenses and to tell president xi jinping you got to dump your but yours theres going to be a catastrophe. It is clear from what defense secretary matus said there will be a catastrophe if we go to war. He needs to tell president moon in the republic of korea that the entire fad system needs to be installed. They stopped after one battery was put in. The system needs to be deployed in south korea. Finally we have enough conventional assets to deter all of north korea into a pop tart. Stuart we dont want to do that. Lieutenant colonel oliver north. We will try all of those first. Stuart thank you very much. Oliver north, host of war stories on the foxbusiness network. Did you know that the most followed journalist on twitter by members of congress is fox news in your capitol hill producer, he has more than 51,000 followers on social media, most of dcs following him, he will join us shortly. Later, coming around the corner, she is holding it, the obamacare there you go. Following that around for seven years. Are we ever really going to get rid of obamacare . My answer is no. Lets she what she says. So many store closings and retail jobs being lost, the bureau of labor statistics is 71,000 jobs have been lost since january. Amazon to the rescue. They will have a big job today and with that, 50,000 job opportunities, parttime, fulltime Jobs Available across the country, coast to coast, the types of jobs, Warehouse Associates as well as managerial jobs, human resources, about 130 jobs by next year, to make the entire amazon realm moved to 300,000 jobs. In the meantime, parttime and fulltime jobs on the spot and the stock today has moved to a record alltime high, 1053. Liberty mutual stood with me when this guy got a flat tire in the middle of the night. Hold on dad. Liberty did what . Yeah, Liberty Mutual 24hour roadside assistance helped him to fix his flat so he could get home safely. My dad says our insurance doesnt have that. Dont worry i know what a lug wrench is, dad. Is this a lug wrench . Maybe . You can leave worry behind when liberty stands with you™. Liberty stands with you™. Liberty mutual insurance. Stuart s there will be a vote on the floor of the United States senate and it will be a vote on the flat out repeal of obamacare. There will be voting on that momentarily. You will see it when it happens. We are joined by beating obamacare author betsy mccoy. We disagree on this but heres my opening salvo. I dont think there is the political will in congress to get rid of the Medicaid Expansion. You are correct. That is half of obamacare. Obamacare is glued together, Medicaid Expansion and federal takeover of the private insurance markets, senators will not vote to roll back the Medicaid Expansion because ads are running in their state put up by proobamacare forces demagogy of the issue and saying elderly people will be thrown out of nursing homes, children will die in their mothers arms, these republicans have been so cowed by this is a will not vote for rolling back the Medicaid Expansion. You are correct. We will only get half a repeal. Stuart i want to know what we will get. Weight a second. I am interested in this thing called the skinny deal. That would repeal the mandates on employers, the individual mandate and the medical device tax. That is all it would do. It is extremely important to do that. It means there will be repeal, we will get this off the runway to have tax reform and it will provide urgently needed relief for 18 Million People stuck in the individual market who are forced to buy insurance they cant afford with deductibles that are way too high and 8 Million People being slammed with penalties under the because of the individual mandate, penalties for not buying Insurance Plus hundreds of thousands of people who have been demoted to parttime status on their job so that their employers can avoid the employer mandate. Millions of people will benefit from this skinny bill. Stuart i could go with that but that will be something rather than nothing, it will be quite a lot. Rid of the mandate freeze up the labor market, freeze up the idea more people will have coverage, 5 Million People lost their coverage because of the employer mandate, it was so inflexible telling employers they had to buy this 1sizefitsall government plan that employers dropped coverage and put their people on medicaid. Stuart do you know for a fact the skinny deal, is that what is called . Skinny plan. Stuart you know that is going to be debated . Absolutely and it will pass and my prediction because stuart nothing else has passed. I understand that but republicans like all politicians have a will to survive and if they dont pass this, send it to the house where i predict it will be passed with no changes and sent to the president s desk they will declare victory. Repeal of obamacare. This is what reagan had to do a 1981. He wanted and present taxcut, he got 5 , he said we won and he moved on. Stuart maybe you can get rid of that folder. So we could celebrate its demise. Stuart thank you very much indeed. Show me the floor of the United States senate. It will vote momentarily on this repeal of obamacare, simple repeal. It also includes a two year window to replace obamacare. That is a little more than we were thinking, not flat out repeal this thing but repeal it and give a two year window. Senator john thune saying it is a votearama for amendments, talking all through the note, we are watching that as well. Stuart that is where the skinny deal is debated. Thank you, everybody. Take that thing out of here. Individual stocks we are watching start with Ford Motor Company, they forecast week profit down the road. If you do that your stock takes a hit. We have four down, 2 . General dynamics, the defense company, revenue fell, shares are down 41 2 . Interesting. The dow is holding onto a big rally up 100 points, over 21,007. Next we are joined by the most followed journalist followed by members of congress and he is a fox news guy. More than 51,000 followers on his social media. You we will meet him in a moment. That guy, he knows, there he is, has his makeup on. Nice new suit on the program. That is chad, he is the real star of varney and companys next we 10 minutes. We will be back. Whatever you want to do. Is alright with me. Ooo baby lets. Lets stay together. I enjoy the fresher things in life. Fresh towels. Fresh soaps. And of course, tripadvisors freshest, lowest prices. So if youre anything like me. Youll want to check tripadvisor. We now instantly compare prices from over 200 booking sites. To find you the lowest price. On the hotel you want. Go on, try something fresh. Tripadvisor. The latest reviews. The lowest prices. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Stuart it is official, House Majority whip Steve Scalise has been released from the hospital. He is at home beginning of period of intensive rehab. He is in good spirits and looking forward to retreating to congress, very good news. If you are an active person on twitter you might be family with our next guest, the most followed journalist by members of congress. So most followed, making an appearance on varney and company, first time ever. People ask how do i know what is going on in dc . You should be proud of yourself but you never start working. It has been a long couple days on capitol hill and we will have some long days and nights as they try to finish this healthcare bill if they can pass something by we end. Stuart lay out the reform and debate going on today. It is very complex. Simplify it for us. We will have a vote on adding to this bill, the Hyde Amendment named after the late illinois congressman henry hyde. It barred the use of federal money for Abortion Services. The republicans in the senate considering this bill under a special set of budget rules which bypass filibusters. The downside is you cant put policy on the bill, amendment have to be physical in nature so this amendment to bar money for Abortion Services falls outside the realm of that. You can put that on if you get 60 votes to waive the budget rules and attach that but yesterday they only got 50 votes to start the bill, mike pence broke the tie, getting to 60 is unlikely. What we are going to have in a couple 20 or 30 minutes is a vote on a straight Obamacare Repeal similar to the 2015 bill and it will give them a two year window to put in a replacement package. That is something a lot of people think will pass. Stuart it will pass. It is possible. Some people think it will pass because you have conservative back capitol hill saying the other bill doesnt go far enough, this is a full repeal of obamacare. We said we would do that so lets make good on that. Stuart what is this about a skinny repeal . Get rid of the medical device tax, get rid of the employer mandate and the individual mandate, that might a lot of support. It is that narrow that slim. The idea they pass something, not a full Obamacare Repeal but the senate gets crossways and more complex, at least we picks something, the senate has passed a piece of legislation and they are in sync and can go to a Conference Committee where we try to merge the bills or play what we call on capitol hill pingpong where they bounce back and forth between house and Senate Chambers until they both agree on the same piece of legislation and send that to donald trump. They have to finish this by the end of the week because they are limited by special budget rules to 20 hours of debate so that clock will run out thursday night or friday morning. Stuart i hope you heard the good news moment ago, Steve Scalise is back home in rehab. I believe you were the first to report that shooting last month. Is that correct . I was there pretty fast. The shooting happened a couple blocks from my house in alexandria, virginia, across the river. I had gone through a run past that ballfield a couple days before. I was there pretty quickly when the bad news broke. Stuart you are everywhere. That is why you are on varney and company. Dont be such a stranger. Happy to come by anytime. Stuart if you are not careful, come on back. More varney after this. Stuart the floor of the United States senate. Youre about to see it. Thats where the debate on health care is taking place. It has been an extraordinarily rich day for news. Lizzie, the amazon job fair, the wisconsin plant. Tax increases on the rich from President Trump. What am i missing . Yes, buckle up. A lot of news. The Trump Administration slapping individuals in venezuela with sanctions including the head of the military. Stuart im utterly exhausted and my time is up, fortunately. Neil, its yours. Neil i have to ask you a question, i think your reaction was pretty much like mine. If you had heard, the wall street journal the president was going to outline a possible tax hike on the rich, say nothing about leaving them the same, a possible tax hike, would you envisioned the futures, the market being up like it is . Stuart no, absolutely not. Ive been saying for a long time, you know what ive been saying here, neil, im surprised how much the market has been able to ignore the goingson in the swamp and the political mess going on in d. C. , and yet, look at this. Rally after rally. Neil not only is all of this