thank you for joining us. we'll see you tomorrow same time, same place, "varney & company" is next, stuart, take it away maria, thank you indeed. sound the trumpets. it's one of those days. ♪ >> 18,000 on the dow very possible. decision day for democrats. money and politics, that's our bread and butter and our cup r r runneth over. you may see 18,000 on the dow. le points away and that's all. you make make virtually nothing with a bank cd or bonds. stocks are the place to be. and on primary day, here is the news. hillary clinton has the delegates to win the nomination, and the president wants to campaign with her, that's news. and bernie sanders had a secret

conversation with president obama. donald trump, lining up around the block to call him on his statements, he doubles down. how about this? steph curry will not play in the olympics, he has a sore knee. the gold medal edition of "varney & company" is about to begin. [laughter]. ♪ >> oh, yes, but there is another terror attack in europe in istanbul. half the city in europe, half in asia, a car bomb and a plus carrying riot police, at least 11 dead. it came right at rush hour. a sophisticated remote control. ashley: as you mentioned in rush hour, maximum amount of damage. no group is claiming responsibility, but we know that the kurdish militants have been targeting services in

turkey. isis has launched a couple of attacks in turkey, we don't know who, with the president vowing to track them down. stuart: i think this is the fourth bombing in istanbul this calendar year. >> and the police officers and security officers are targeted every time. >> troubling. >> it happened near the square that's popular with tourists. >> they're dealing with a migrant influx, too. stuart: take a look where the dow closed, 17,944, okay? that's where it closed. is that right? no, that's futures. closed 17,920. okay, so 80 points away from the 18,000 level. we might get there today. we shall see, but we might get there. here is a big name you know, job cuts at ralph lauren and that stock is going to plunge 10 bucks.

doing the math, 11 or 12%. verizon has bid 3 billion for yahoo!'s web business. yahoo! is going to go down on that, that's not a very good price. don't forget about oil. it's now, i believe, over $50 a barrel. 50.27. oil up, stocks up, we've got that going for us at the moment. i'm going to stay on the markets. you hear this all the time. stocks are going up because they're the only money making game in town. yes, there's risk, but look at alternatives. a one year bank cd. you put in-- let me explain that graphic. you put in $100. 12 months later in a bank cd. you get back 101.26. no risk. that's a lousy return. you do even worse if you put $100 in a one-year u.s. treasury. 12 months later you get back $100.59. how is that for return? 59 cents on $100. suppose you bought one share of apple and paid $9 the 8 for it,

after one year, get back, 2.28 in dividend. art laffer is here, former reagan economist. the stock market the only money making game in town. am i right or am i right? >> i think you're right. the stock market does not reflect the past, it reflects what will be, not what has been and when you look at this economy, it's terrible today, stuart. when you look at what will be given the politics and what's going on. i can't be anything, but optimistic. >> are you optimistic because you think that donald trump might win and-- >> i think he will win. >> i think that donald trump will win, it's the economy. james carville pronounced that clearly, it's the economy, stupid. i think he said stupid. but donald trump has the only plan good for the economy. the other stuff is noise and trash in the air, it's embarrassing and off-putting, but bottom line the economy is what it's all about and donald trump has it and i think he has the house, the senate, state legislatures, he has state governors. this country is poised for a

massive expansion forward. stuart: okay, a great way to start the show. thank you very much, art laffer, don't go anywhere, we've got more for you in a second. and moving on to straight pure politics for a second. ap reports that combining pledge delegates with superdelegates, hillary has the nomination right now. bernie is not buying that, roll tape. >> this is not me talking it's the democratic national committee that says do not lump together pledge delegates, real delegates, with superdelegates who may or may not change their minds. secretary clinton will not have the requisite number of pledge delegates to win the democratic nomination. she will be dependent on superdelegates. stuart: okay, he says he's going to change the superdelegates's mind and change the count and still has a chance. what's that's what he said.

and kat, i want to talk to you about a secret phone conversation between persbernie sanders and the president. you want to speculate. >> i doubt it was hey, what did you have for lunch today? of course people want him out. the longer he stays in the race, the harder for hillary. he's continuing to attack her. but i don't think that all of his voters and polls have shown all of his voters will know the necessarily go to her, but gary johnson, he's making a point to come out and i'm just like bernie except in the economy. people don't like hillary so much that they're supporting bernie more so than they like bernie so much in a lot of cases. i'll asking everybody in the show later on. president obama says he's going to campaign with hillary clinton. she says she's going to campaign with him. do you think it's an asset to hillary's campaign? >> no, but she's so not likeable in the public eye,

anybody she can have doing speeches for her, and she is. honestly, i mean, in the speech she gave on foreign policy was okay, i guess, more entertaining than most things he is -- she's done. the whole eight years of obama and continuing policies, could be bad and good. stuart: another factor emerging in the political story today and that's a new tell-all book about the clintons from the-- from the white house years back in the 1990's, written by a secret service officer who was with the clintons. give the bullet points. ashley: he was actually stationed outside the oval office when bill clinton was president. it's all sorts of really, some of which i'm not going to talk about, but said basically white house staffers were scared stiff of hillary clinton because of her explosives and sometimes physical outbursts. saying that hillary is too

erattic and violent to be the leader of the free world. he came in after a loud fight between the clintons the night before. he said a vase was smashed to bits and bill was sporting a real life, put a steak on it black eye. stuart: i'll get to the clinton camp's reaction to that. kat, do you think it counts, get her off the screen, for minute. do you think it counts, this book, this gossip book, that it counts? >> at least we're talking about it. it's not the most shocking thing ever. she's scary and i think that everyone is afraid of hillary clinton. stuart: do you think people will change votes because of that book? >> no, i don't think so. stuart: this is the response from the clinton camp. this is nick merrill speaking about this. gary burn, the author of this tell-all book, joins the ranks of ed cline and otr authors

in a long tine of books attempting to cash in on the election cycle with their nonsense. it should be put in the fantasy section of the bookstore. >> what else are you going to say? it's not all true, there was only a little hitting. you have to say that, but i don't think it will matter either way. everyone knows that the clintons have secrets and that they're scary. there's a clinton machine, everybody feels that way. i think that's something that people have been talking about for a long time. i don't think the book will make any difference, but i might ride it. stuart: weather news, severe weather, tropical storm colin did hit florida. much of the state suffered through high winds and torrential rain through the state. and the video, if you had to live through this. maximum winds around 50 miles per hour around tampa. knocked out power to 1700 people just in tampa. more than 10 inches of rain fell north of tallahassee.

we understand there are 20 million people right now are living under a state of emergency. that was colin. >> look at yesterday's closing price for the dow industrials. 17,920. i'm trying to do the math. that's 79 points away from 18,000 and we're looking for the market to go up a little bit. when the market opens at 9:30 this morning. the price of oil, we're back above $50 a barrel as of right now. and an outrageous story from italy, christian parishioners at a church that's housing migrants told to pray silently. don't disturb the migrants. we've got someone to talk about that. donald trump doubles down on his attacks over the judge providing over the trump u case. the republican establishment lining up against him? and new problems for isis, defectors are asking for help from western government, they nt with a to leave isis and come on home. four star general on that after

this break.

>> now we're looking for 18,000 on the dow. early this morning, i don't think we'll get there at the opening bell. we will be a little higher. the dow is going to be up about 20, 25 points, we closed yesterday at 17,920. we'll be close, but not quite there at opening bell. politics, please. donald trump will not back off his attacks on the trump university case and there's a long list of the republican establishment calling him out on it. lindsey graham, mark rubio, christie todd whitman, saying, hey, this ain't good enough. don't do this, please. >> art laffer is with us. you think he's going to win, but you think he should back off this donald trump university judge thing? it's killing him. >> i've got to tell you, this is not in my wheel house, stuart. whether he should back off is

not my area of expertise, but it is economics and i just hope he doesn't back off his economics. 25% corporate tax, person income tax, 15% corporate. getting the death tax out of there. 100% expensing of capital. he's using larry kudlow and steve moore as economic advisors, doesn't get better than that and to me it's all about economics and that's what really excites me. i'm sorry i can't answer your other question. stuart: okay. >> forgive me. stuart: when ronald reagan was elected january-- he came to office in january of 1981, the first thing he did was to cut taxes across the board and got tip o'neill to agree to it. if donald trump walks into the oval office in january of 2017 will he get the agreement of congress very quickly to do what he wants on taxes? >> yes, he will. stuart, remember, the that tip o'neill had a majority in the house, democrat, and violently opposed to ronald reagan. it's important that we got tip o'neill and held him hostage

because we got all of his underlings could go with us. and then he had to. don't think he liked ronald reagan, he never did. we have the largest majority in the house since 1928. they all want to cut taxes and majority in the senate as well. when you talk about ronald reagan as i watched your earlier skit, skit, was on the book, the clinton book. if you go back and look at ronnie and nancy, that book, compared with the clinton books, which is trash on their behavior. you had a president there who was not only qualified to be a good president, he was a fine human as well. stuart: all right. art, i'm out of time. sorry, you did answer the question whether you like it or not, you did. >> well, thank you. stuart: by the way, skits. >> what can i tell you? [laughter] >> thank you very much, art. i want get back to serious stuff in turkey, 11 dead, that's the latest count.

the bomb was sophisticated, set off by remote control in istanbul. general jack keane is with us and this is a further destabilization of a key place in europe and asia, turkey. >> yeah, i mean, the truth is, turkey's been under attack by two the group. the military group seeking their own territory, this has been going on for years. they represent two of the major four attacks. the other two are from isis and isis is targeting turkey as they are any country they believe is supporting the effort that is interfering with their establishing the caliphate. it's tr terrorism to be sure an they have networks supporting them. and they're likely to continue. stuart: four people have been detained in connection with that bombing. isis reportedly asking-- some defectors from isis

reportedly asking for lp to come back home. you can say what you like about deserters coming back to the west, but i see this as a good sign in the fight against isis. isn't it, general? >> absolutely. many of us have always believed that the greatest threat to isis was from within. why is that? baghdady started this movement with several hundred fighters he brought from iraq into syria in 2012 and less than two years, joined by 30,000 fighters from other countries. whether they were able to establish cohesion and trust has been suspect. when things are going bell, that cohesion and trust is working pretty good. now things are not going so well and isis is starting to break up from within. this is absolutely good news. stuart: is that not a suggestion that president obama's policy is the right policy? >> i'd never agree with the policy. i think it should have been over right now to be frank about it. the safe haven, the sanctuary

in syria still exists and we do not have plans to take it away from them. they're able to expand from their affiliates. that affiliate in libya has a bona fide sanctuary, they're expanding in afghanistan and seven other plac and have the capability to motivate people to kill their fellow citizens in countries away from iraq and syria. obvisly, that is still a reat and is likely to ntin. w i gerbi , is i remember. appreciate it. >> good talking to you, stuart. >> health insurance for illegal immigrants. and california could be the first to let illegals enroll in the plans. judge napolitano coming up. hillary clinton gives a speech on income inequality while wearing an armani jacket.

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>> all right. this is where the dow jones industrial average closed yesterday.

as you can see it's within shouting distance of 18,000, we're on 18k watch. the price of oil as of right now, above $50 a barrel. job cuts coming at ralph lauren. that stock will be down about 10, 12%, more on that story when the market gets up and running. hillary clinton gave a speech of income inequality and as she was giving that speech she was wearing a $12,000 armani pants suit. you would think someone would say, hey, hillary, maybe don't give the speech on income inequality while wearing an armani jacket. >> and hillary gave the stoech in a 12,425 jacket there. she knows all about being poor. that's a little, dare i say, catty? snarky.

>> she's running for president, she is wearing nice clothes not a forever 21 sun dress. i'm okay-- if i were rich i would wear the fansiest clothes every day, but i would not pretend to be poor or pretend to be relatable or, you know, we were dead broke when we left the white house. ashley: that's about her. stuart: the parties have been reversed. the democrats today are the party of wealthier people. it's the republicans who are party of up and comers liz: the chardonnay liberals are back. >> absolutely. stuart: isn't that a reversal? extraordinary. >> the last campaign was all-- mitt romney is rich, he's rich. and now, so she's trying to act like she's not rich. that's annoying. if you're rich, good for you, this is america. stuart: this is america. ashley: does it hurt her in the polls wearing a $12,000 suit? probably not. stuart: we're a couple of

minutes away from the opening bell. we're on 18,000 watch. futures suggest we'll open higher, maybe 20 points higher. listen to this, there's a new promotion from t-mobile. they're giving away, as in free, one share of the company. i don't know if there are strings attached liz: no strings. stuart: we like that. the opening bell is moments away. hm

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>> a forewarning, ladies and gentlemen, we're watching for 18,000 on the dow jones industrials. we may get it, coming close. two, one, boom. 9:30, it's tuesday morning, we're off and running and we're up 22 points. 17,943. we'll keep that count going for you. i promise. who is with us today? ashley webster is here, liz macdonald is here, kristin, a welcome return for her and the ever present mike murphy. ever present. like this. look what we've got for you. >> in-house. stuart: i say, murphy, first to you, stocks are rallying because they're the only game in town. you want a rate of return on your money. you're plot going to a bank cd or a bond. you go to the stock market. >> be careful of chasing market

at these levels. a lot of retail investors have not been a part of this liz: it should be noted the yield on dividends-- >> all the the average amount of dividends i get back in dividends is better than if i put my money into a 10-year treasury. >> 1.7. ashley: much better. >> much better. stuart: if you put it into a bank cd for one year, $100 for a year, 59 cents liz: whoopee. the trumpets. i want to get to amazon, we've followed that, and one year cd-- i'm sorry, 1.26%. amazon, please, 726 this morning, why are we quoting this? i've got a survey for you, 96% of us shop on-line. and this as amazon hit the new high over 730 yesterday. now, kristen, on-line, it's just--

if i say it's taken over, that's really the story. dominates, it's beginning to dominate. >> it's beginning to dominate. yesterday, set a land speed record tsa ordering a dress on-line for this. stuart: for today? >> uh-huh. stuart: wow. is that the dress? >> maybe. [laughter] >> so what are you saying, you ordered something on-line, it was a dress and you expect to get it within 24 hours. >> yes, not happy, but i prevailed. stuart: do you like amazon? >> i do, i do. some people do not. i do. i think the way we're shopping and having things droned to you or delivered to you in real-time is advantageous. stuart: you like it, but wouldn't necessarily buy it at 726. >> i love the company and what they're doing. amazon, remember this is a technology company disrupting everything you do in your life. not only the way you shop, the way you consume content. and control the cloud. everything you do, amazon has a

hand in it. the massive company, i wonder at the valuation with the stock up here. stuart: it's lofty. it's lofty, it really is. staying on retail, listen to this, job cuts at ralph lauren, what's going on? >> to be double what ralph lauren cutlass year and it could be 10% of the work force as they're struggling with a lot of stores. overall, we're seeing coach, nordstrom, neiman marcus doing job layoffs. credit suisse says that job cuts in the retail sector could be the worst in six years. the companies may be slow on the uptick to see that amazon is coming toward them like a train. stuart: you're the retail lady. what's the problem with ralph lauren. >> aside from the shift of the way people shop.

the luxury has changed. this is no longer whacking pollo mallets. when ralph lauren opened up coffee and restaurants. luxury is not polo ponies, luxury is time. >> pictures of myself and my children on a mountain. >> luxury is time. stuart: the dow is up 58 points. 17,978 do the math. 21.64 away from 1800. good? >> another name, fedex and they've raised their dividend. 40 cents a share? >> that's up 60% for from 25 cents. >> it's pennies, however, it's better than--

>> better than bank cd. ashley: they've hiked dividends, they're strong over the last couple of quarters reflecting the e-commerce revolution and fedex is the company that can get things there and they're picking up on that. stuart: are you buying fedex? >> i'm not, i'm looking at newer companies and-- >> are there other companies that could disrupt their business? >> they're not big enough to disrupt it. but they have a target on their back and i think they're-- there will be a better way to get it to people. stuart: i've seen fedex double in the past three years, i think it is. it was in the 80's and 90's and now 164. the dow is up 60 points. >> here we go. 17,981. ladies and gentlemen, cue the balloons. and the stocks we check all the time for you, netflix, 1 #--

101. apple, 100? no. almost. google/alphabet hardly changed. mcdonald's shy of the all-time high above 130. 122 mcdonald's now. and microsoft moving nicely. thank you very much, i own some of it. one of the big movers today is a name you know, it's been down recently, down big and i mean big today. nicole, what is it? valeant? valeant pharmaceuticals. nicole: this is the embattled canadian drug maker. today they come out with shares and revenue guidance going forward that's a miss. and they had to redo their accounting back to 2014 they have a new enlisted ceo talking about transparency, commitment,

reinterviewing employees, and launching 20 new products to 2016. in the meantime, stocks are down nearly 20% today. stuart: i don't know anybody who actually invests in value vent. it's so volatile and with the background stories. coming from 263, down to the low 20's today and it's still at this price a $8 billion company. stuart: whoa, so it was wildly valued back in the day. >> it's a rollup company. stuart: look at-- look, please, show me that dow industrial. we're up 73 points at 17,992. and i mean, we could be at 18,000 rare quickly. >> i'm not leaving until we get there. [laughter] >> now, i've got a deal for you, or rather, t-mobile has a deal for you. they'll give their customers one share of the company. is it that simple? liz: yeah, one free share if you sign up. if you get your friends to get

in, you can get up to 100 shares for one year, if you get 100 people in there. that's $43, on 430 and part of your bill. >> i said if you sign up 100 people, you get $430 and that's a part of your phone bill. i was being facetious. stuart: facebook wants you to-- i don't get this, but i'm told it's huge. facebook wants you to watch other people play video games from your own news feed. will you look at that on your screen now. that's a stadium, i think it's in-- >> it turns out, stu-- >> the people pay money to go to the stadium to watch others. >> people love doing that. it's massive. back to the original story, facebook wants in on this action.

you know the players who you may watch live play their games, whatever it be. they get decent ad revenue. so, they can get on facebook, which has over a billion montgomery users, the gamers can get big ad revenue. >> look at the blond girl. stuart: would you watch other people play video games? >> i do not. >> but the audience here is right now trending more than the national hockey league, basically more people doing these e-games and potentially could approach the nfl. there's a lot of people doing this around the world. stuart: hold on, here is the expert with the numbers. like the growth here is bigger than any other sport out there and any traditional sport. they're coming on national television. and people go to watch people race drones. companies like you stake, you at home can bet on who is going to win the interaction.

there's massive upside for esports. it's not a matter of when it gets huge, but it's betting getting bigger. stuart: mike, you should keep talking because you wouldn't leave until it reaches 18,000, if someone would buy big you would get out of here. >> make a trade on the phone. stuart: we're close. stick around and wait for this? >> no, because you'll jinx it. stuart: you're right, ash, you are. don't say anything, stuart. ashley: look away. stuart: let me digress for a second. we have a lady on the set. may i tell the audience about this? >> it better not be crocs. stuart: it's that ring you're wearing. >> this old thing. stuart: fantastic thing. >> thanks! . stuart: can we get a close up. how many carats is that? >> 10-ish. stuart: do this? >> stuart. stuart: do that.

zoom in. how many carats? >> 10-ish. stuart: we're now three points away from the dow. >> the ring getting it. stuart: keep that ring up there. >> i've got to come back more often. >> are we there yet? are we there yet? >> i'm being pressed hard to take a commercial break. >> we're five points away, three points away. >> there you go. oh, i'm hanging on here, i'm-- i don't want to go to a commercial break. what happens now-->> don't do i! . [laughter] >> silence. okay. i can't, i can't. they're shouting at me. a commercial break. >> as you're looking at it now, we're three-- i'm sorry we've got-- okay, we're one away from it. not well away, but we tried. mike murphy, thank you very much. you're a good sport. [laughte

[laughter]. ten carats. >> i'm worth it! . on a day with the dow. donald trump doubles down on the attacks on the judge who is hearing the trump university case and the establishment lines up against him on this one. we're going to hear from two members of the trump campaign about this. we have two of trump's senior campaign managers on hand for na one. and some california lawmakers float a plan to let illegal immigrants enroll in obamacare. you, the taxpayer, picks up the tab. not is it moral, is it legal? judge napolitano next. ♪ closing the stage

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>> you know, we almost got to 18,000 during the commercial break. i was praying somebody would wait to buy something and we'd go back on the air. quickly, look at amazon, oppenheimer says that stock now at 726 is going to $930 per share. watch that one, okay? down a little bit. no, up 10 cents today. okay. ford is in talks to ild the lincoln in china? what? >> lincolns sell pretty well in china. they're going to bring back the old lincoln continental and sell it in china and talks now to start manufacturing lincolns maybe by 2018, no later than 2020. ford sees china as its tough market for its luxury line of lincolns. stuart: what will donald trump say? i wonder. ashley: i'm sure a comment on that. stuart: have to switch to cadillac or whatever he owns now.

let's go to california, lawmakers there want to offer illegal immigrants the chance to enroll in obamacare, be the first state to do that. all rise, judge napolitano is here. is that legal? >> it's complicated. the statute of the affordable care act prohibits from undocumented immigrants from participating in state exchanges, meaning insurance sold by a corporation set up by a state. there are few of them. most are set up by the federal government. these are exchanges people go to when they're unable to afford insurance because they don't have a full-time job. the employer doesn't offer it, et cetera. california legislature wants to take advantage of an exemption in the statute. they'd have to ask the federal government, not the congress, the secretary of health and human services for an exemption. grounds for the exception?

anything that expands coverage to other groups of people shall be granted. then we have a conflict. we have an exemption which expands coverage, but we have a prohibition in another part of the statute of that very type of exemption. who will make the decision? >> the administration. >> the courts, eventually and find somebody to challenge. we're in a very, very difficult challenging ambiguous area. stuart: they are settling the illegal immigrants. they're settling them. they get the driver's license, free health care. >> probably not all of this is free. depending what they earn, will have to pay for it. most will not be able to pay for it and get it either by tax credits or by out and out grant. next will come the right to vote. what will be the meaning of citizenship? nothing. stuart: nothing indeed, that's right. >> what you had to go through to become a citizen.

you had to renounce the queen for heavens sake. [laughter] >> one last point on illegals getting obamacare, we pay, taxpayers across the country pay for that, do we not? >> yes, we do. yes, we do. we pay by a reduction in tax revenue in the form of a tax credit to the person who gets the health care coverage. stuart: okay. >> and this is one of the ways that the affordable care act passed was the insertion of this clause, it shall not cover undocumented immigrants. there were a number of so-called blue dog traditional democrats who said we will not vote for this without this clause. they put the clause in there, it passed. now they're trying to eviscerate the clause, where else, but california. stuart: indeed. look what you did. >> what? >> what did i do. the dow was close to 18,000 when we started the interview

and now it's back to 17, 984. >> the truth is a sword. stuart: we're up 64 points, take it, please. we're up, come on. 17, 986 is where we are. california heads to the polls today, this is a very big deal. one of thetate's biggest papers not endorsing any of the candidates. the editor of the san francisco chronicle's editorial page will be with us and he'll explain what they are up to. poor mouth breather. allergies? stuffy nose? can't sleep? take that. a breathe right nasal strip instantly opens your nose up to 38% more than allergy medicine alone. shut your mouth and say goodnight, mouthbreathers. breathe right.

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>> okay. the news is this. we've backed off a little and got close to 18k backed off. we're at 17,973. six states vote today including california. however, one california paper, it's a very important newspaper, is not recommending any of the three major candidates. the san francisco chronicle has this headline, why the chronicle is not endorsing in presidential primary. john, the editorial page editor. welcome to the program. >> good morning, stuart. how are you. >> i cannot see them endorsing any republicans during my lifetime. >> you're right, we've endorsed

a republican. stuart: how many years ago? and what office. >> we endorsed governor arnold schwarzenegger when he was running for reelection. stuart: okay. >> we've endorsed other republicans, so, frankly, imagine it. stuart: i'm wrong. i imagined it. >> you're wrong, you are wrong. stuart: okay, john, i take it back. okay. what's wrong with bernie sanders. >> next question. stuart: you've gotten doorsed anyone or bernie sanders, what's wrong with bernie sanders? >> first of all, let me say how unusual it is for us know the to endorse in any race, especially a presidential race. i've been editorial editor for 20 years, and is is thfirst time we've not endorsed in a primary. the problem with sanders, there's a lot of appealing things about his agenda at the same time i think he's proposing to bite off way too much. we have a $18 trillion debt in this country. that works out to $60,000 per

man, woman and child and i think if you're going to appeal to young people, you also have to address that debt and by any estimate, bernie sanders' agenda will only increase that national debt. stuart: okay, sir, how about hillary clinton, what's wrong with her candidacy? >> well, there are a number of things, but i think one of the big things, and something that our newspaper stands for in addition to policy issues is we stand for transparency and accountability. hillary clinton's really-- she reneged on her problem to debate bernie sanders in california in may, fox news offered to host that debate and we were offering to be a partner with fox on that. she really has done the least, very minimal in terms of taking questions from the california press. she did not do an editorial board with the chronicle. she did a perfunctory one with the los angeles times. there are california issues

that these candidates should be questioned about, things like high speed rail, like water, certainly, and the struggles between privacy and liberty with the technology. hillary clinton wanted to do it on her terms and i just find that unacceptable. stuart: john, thanks very much for coming on the show. we found it very unusual that a paper based in san francisco would not endorse anybody. we thought you'd endorse a democrat at the least. i have to tell you this in 1977 i read an ad in the san francisco chronicle and it read, wanted, entry level tv newscaster. i was in san francisco at the time and i answered that ad, i got the job and i got my start in television because of you! >> so in other words, the message that you're giving is the chronicle gets results. [laughter] >> okay. john, thanks for being on the show. john diaz, everyone. second hour of varney coming up. an earthquake drill in the

midwest, prepare for a big one, 9.0. what is expected. a congressman would say it's okay if the fbi does not indict hillary. he'll tell us why.

tuesday june 7th a very big day in politics it's california's vote. the primary, the democrat primary, it does today bernie sanders, hillary clinton, in a virtual tie. donald trump he's not backing down. he's still telling hiss campaign go after that judge. and go after reporters. we have one of trump's senior advisories on the show in just a couple of minutes. on west coast preparing for the big one a 9.0 earthquake question, how do you prepare for something that would be so devastating. congressmanned david said he would be okay if the fbi does not indict hillary he's here, and he's going to explain himself.

♪ ♪ [laughter] >> producer picked the right music. i have to hand it to them. i don't know the name leave it all if behind in california. that is -- they vote today in politics particularly big for a bernie win would turn this race upside down among in thes would it not? we're on that story but first let's check the markets we're on watching for 18,000 on the dow we've got very, very close. backed off, but we're still what, 18 points away from 18,000 on the dow. don't forget about oil. back above 50 a barrel as of right now. that helps stocks too. big names that we check every

day look at them apple google, microsoft, facebook, and amazon almost all up today facebook down slightly but amazon see that one for a second. 728 right now. buy that thing because it is going to 930 per share. another big name which you know this is not technology but this is fashion. ralph lauren down 7%. they're going to have job cuts a second beg round of job cuts ralph lauren down at 89 right now. meanwhile politics, donald trump, he's not backing down, he's a clip from last night's o'reilly factor talking about the trump university lawsuit. roll tape. >> of had very, very unfair decisions, people said this should have gone away a long time ago. plaintiff in the case was a zero for them. i don't care if the judge is next condition or not i'm doing great with the mexican people because i provide. i don't care about mexican but we're treated unfairly.

trump went on to say and told his campaign go after the judge, and go after reporters who bring up this subject. joining us no is barry bennett he's with the trump are campaign. welcome to the program. oh good to see you again barry last time you were on the show you were laughing ppg you were laughing up a storming. not this morning. >> funny. i'm fine. i'm fine. >> but not laughing this morning because is it possible that drumple made a mistake and fail to cease the opportunity of that bad jobs report and the e-mail scandal is and run off with this tangent against the so-called mexican judge. mistake, surely. >> plenty of time to do all of those things but mistake if any was made that we let the -- democrats get away with calling him a race cyst on this issue. he can care less what the color of his skin is or what his ancestry is but made horrific decisions. presented 19,000 pages of people who took to class who loved it.

in fact, lead plaintiff in this case was on video saying how much she liked it and no longer the lead plaintiff. so this case is out of control. but you know, we've led hillary clinton and others call him a race racist over this and that's pretty bad. >> seems this moment that donald trump is running against all the big names in the republican establishment. christie todd whitman came out today and saidno way. no way, i can't have trump -- sends lindsey graham is withdrawn all of his support. john kasich is coming out against him. is he now running again against the republican publishment? >> well, i mean certainly he's going to run against some of the republican establishment i don't think three characters are going to, you know, the potential head of the republican party. >> we hear that drumple wases very angry with his campaign maybe including you when some of you circulating a idea that should go soft on the judge and

turn away from the judge issue. did you get angry? >> he was angry. i don't think he u knew someone in the campaign sent out a memo and he hasn't seen it and he retracted it but, i mean, the great thing about the call yesterday was, you know, got more of the facts out. you know, like i said 19,000 pages of people sayings classes were excellent. have all been in the public record and nothing to do with the race but judicial temperament and law firm frankly that brought that case is a history too. besides giving clinton like 675,000 and speaking fees, couple of partners original founding partners have apparently done some time. >> are you going to stick with the judge issue if i can call it that or move on to something else fairly soon? >> no quite capable of doing more than one thing at the same time. so we'll be talking about hillary clinton, her disastrous

tenure at the state department. her inability to even seemingly tell the truth. and never line the economy and you know 38,000 jobs and all of the pathetic economic policies of the current administration. >> pathetic nice word to use there. barry thank you so much for joining us and see you again real soon. thank you very much. >> yes. >> go to democrats president obama will be legending his support to hillary clinton. watch this. >> tomorrow is eight years to the day after i withdrew and endorsed then senator obama. i believed it was the right thing to do. obviously, i'm excited about having the president's support but i look finished to inxaing with the president and everyone else. >> all right fox news contradict tore tamara holder is with us this morning. i've got two things to go out to. first of all that was not a press conference she came out and answered questions from a gaggle knowing that it was just a group of local report terse

who asked the most foreigning questions you can possibly imagine had. that was a sorry excuse for meeting the press. >> i don't understand why beat her up so much about what she said or does not say to the press and then when you want me to defend it you laugh at me. ridiculous i'm here to speak about serious issues, stuart. and this is serious. [laughter] she's sending signal it's time for you to get out an support me. i don't know if i necessarily agree with that because well it will be interesting to see how the voter turnout will be based on the news that she's essentially the presumptive nominee show up -- >> how it goes today will it not? >> yeah, because she may or may not win depending what poll you look at from two to ten points of a difference. but will fool stay home now that they've heard that she's won? or will more people come the? also she has won with --

with african-american voters. hispanics. >> move on something serious here. mrs. clinton says yes i want the president to campaign with me. and the president has told "new york times" yeah i would like to get out there and campaign with hillary clinton. do you think he would be an asset on the campaign trail? president obama do you think he's a intercept >> asset? >> absolutely. popularity is strong but above 50%. >> but he's associated associatl kinds of things which are not going well. >> well listen hillary clinton needs all of the help she can get. she's associated with an e-mail scandal that's snts going well with her and husband that isn't going very well either. so she needs a president who is more likable than -- her husband at this time. of course, he was very likable back then. but for hillary supportser you're luke warmer. >> supporter of both of them. >> thank you. cop out.

>> how can can you say both of them? >> i'm a true democrat. progressive i believe in supporting person who is going to get us into the white house. whofntle is the true in the bernie or hillary true progressive bernie or hillary? >> depends what had issue that we're going to talk about. another. cop out. [laughter] >> oh. having trouble morning aren't you? only >> this is great about the democrats we have choices. we're not just stuck with donald trump. some crazy lunatic -- choices at the beginning. oh, tamara. i want you to stick around because in about 20 minutes i've got a sports question for you. a sports issue to discuss with you. >> better at that than politic. >> thank you very much indeed. a live look at capitol hill. what have we got here ashley a senate hearing on committee and government affair. tsa -- but actually tsa screening isn't it? >> to do with the frustrations

of passengers tsa why are they so unprepared and get tracked in o'hare. what's going on, and how exciting that was and look like tsa line. >> curious i don't mean to be a debbie downer but ash reported on belgium air attacks people waiting onis line to get into the airport. the tsa hang on is unionized that's the the issue. it was originally sought-after 9/11 to be a security military force to make it more flexible more than a quarter of its work force are administrators unwieldily unionized bureaucracy working to detriment to airport and passenger. >> port authority here in new york area oversees louisiana louisiana green laguardia and so upset. >> airport has been had prioritized in the past. >> when that gets underway and maybe see some action on a very important subject. >> homeland security. check the big board nine points away from the dow jones

industrial hitting 18,000. hold on one second to paul ryan now answering questions about donald trump. listen in. >> hillary clinton is the answer no i don't. do i believe that hillary clinton is going to be the answer to solving these problems? i do not. able that we have more common ground the policy issues of the day and more livelihood of getting our policies enacted with him than we do with her but i do valid comnts i don't think they're right headed and that thinking behind it is something i don't personally relate to. but at the end of the day this is abo ideas and move our agenda forward and moving the way we're moving. >> how concerned are you that -- spent a lot of time on this agenda, that comments like these undercut the party -- >> i do think these kinds of comments undercut these things and i won't pretend to defend them. i'm going to defend our ideas and defend our agenda. what matterses to us most is our principles and the policies that come from those principles and our ability to give the people of this country a better way

forward. a better way is what we're up up to here, and we believe we have a better livelihood of passing that than we would have with the president clinton. [inaudible] >> in public -- [laughter] >> a time that hoped he would if he were the nominee to talk about poverty -- [inaudible] >> if he's onboard with policies and second, have you talked specifically about some of the cities while he campaigns for president? >> i haven't talked about where she should campaign but the tone of his campaign. the ideas, and we have had an exhaustive discussion about these policies not just our team but ourselves personally we've talked about work, talked about this agenda and policies in contained in this agenda and that is why i believe that we are far better off getting them

in law with his candidacy than we are with hillary clinton candidacy. >> what do you make of donald trump doubling down on his part about saying -- [inaudible] >> i just fundamentally disagree with that. i think it's wrong. the way i look at this is, if you say something that's wrong, i think that mature and responsible thing is acknowledge that it was wrong. >> not going to comment on that we have enough work to do here in the house than to comment about people running their campaigns. juan. [inaudible] >> i don't know what is in his heart but that comment is defined that way. so i'm not going to defend these kinds of comments because they're indefensible and defend our majority and i think our loifd getting needs ideas in a law are far more likely if we're unified as a party so i see it as my job as speaker of the house to cope our party unified i think if we go into the fall

as divided party, we're doomed to lose. and that is why i'm going to be focusing on these ideas, these solutions and not attempt to try to defend the indefensible. [inaudible] thank you so much. surely i wonder they'll be asking these critical questions. [inaudible] >> i believe -- that congressman ryan just said right, enough already. i'm done with the trump questions. sew he's going to move along. but look who we've got in the studio listening to what had mr. ryan had to say congressman republican utah, just in time on this show perfect timing, sir. >> thank you, thanks for having me. paul ryan said that mr. trump comment object judge were absolutely wrong. that they undercut to republican party . in fact republican party is lining up against him on this issue. where do you stand? >> i agree with what speaker

ryan said. ting that you can't defend those comments. you can be critical of the judge's rulings. you can be critical of of the judge's political life, and maybe question that. but his heritage, to be a disqualifier for him as to act a and make proper rulings from the bench, i don't -- i don't know of anybody thats that idea an notion. he's an american he was born in indiana, and -- i think that mr. trump's comments were wrong. top to bottom. >> but he says mr. trump said he'll double down on this. he wants to go after reporters who bring up the issue. he wants to go after the pundits who bring up the issue. now if he continues to do that, what do you guys in the republican party do about it? tmg i think we call it out for what had it is and whether it's hillary clinton or donald trump are either side of the aisle when there's something wrong that said i think you have a duty and obligation to stond on principle and say that's wrong. he could easily have pivoted said look this is -- in the courts, our attorneys are going to fight this. i don't agree with the judges

ruling it would have been a 15 second answer. and then he could have gone to talk about the economy and jobs and things that people really care about. >> perfect opportunities last friday was a dread -- >> i don't know why i didn't do that. e-mail scandal and that week as well. you have all of that fertile groped an goes off with the judge. >> i hope he's watching and -- hearing what from newt gingrich to paul ryan to ben all the people saying please, let's talk about something that -- >> can he win the general election in if he doesn't have the republican party i'm not saying the establishment but republican party is not with him. can he win? >> look, i think in paul ryan said speaker ryan said we can disagree on a couple different issues. i don't are expect to identify or support every single issue of every single candidate. but in contrast with hillary clinton not authentic and trouble telling the truth contrast between the two is just night and day. i think that country will rally behind a donald trump.

>> i want to raise that issue about hillary clinton. because i want to get back to that because i believe you said that you would be okay with the fbi not -- not indicting hillary clinton. let me -- show me that sign so congressman can hear it. roll tape. >> we believe in james comey in the government i think he's a man of integrity, of honesty. he came before the house judiciary committee which arkansas man said he looks at this daily, his fingers on the pulse of this. nothing happens without him, and i think he's going to be the definitive person to make a determination or recommendation. j you trust him had to do it. >> there's a difference because what his recommendation is maybe different than what department of justice does because there will be a political decision as to whether or not they actually go and forward and indict her. but i think mr. comey, the fbift

to respect their findingings and so it depends. there's an infinite number of possibilities here. i do think mr. comey is under some pressure with the political calendar, the reality of the future of our nation. he's got to come to some conclusion and recommendation sooner rather than later. >> have you any idea when we might get some kind of resolution, some ruling from the if i fbi? >> no firsthand had knowledge but gut tells me somewhere between now and july 15th, beginning of the republican convention that weekend, that there will be some sort of movement. that is just a guess. pure guess. >> a dreadful situation. [laughter] you're a republican. not a great situation for the democrats. they have nominated as of now, they've nominated hillary clinton. and a threat of a possible indictment hanging over her. that's not good for them. >> democrats have done this with eyes wide open out there for months and months and not gotten better but worse. when you have that inspector general report come out last

week it was denvertive she did not abide bit law and did not abide by the rules and put this country in jeopardy and individuals in jeopardy there are e-mails in there that are so sensitive above top secret that even the inspector general couldn't have looked at it. so democrats, you know, these -- you're going into this eyes wide open. >> other than mr. trump's going after the judge, you republican ares have a pretty good time right now. >> a target rich environment in washington, d.c. i'll tell you that. >> a big smile what a pleasure. thanks so much for being with us. appreciate it. thank you. check that big boortd we did not yet hit 18,000. we came or very, very close. we're up 67. we're at 11 points and change had away from 18k we're watching for you believe me. and this -- footage from a park owned by seaworld an orca appears to beach itself. animal rights activists are responding to that. and how about this one? nba star steph curry skipping olympics a lot of speculati

around this one as to why he's not going. he says he has a sore knee. how about this? church-goers in italy told to pray quietly please. because they might disturb the migrants whob living in the church. you cannot make this stuff up, and we will be back with it. you pay your car insurance

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revealed at this point. now, the probability golden state warriors they're god and all star mega star steph curry he's skipping the olympics. he's got a sore knee thousand tamara are holder still with us and not just the left -- no knows about sports as well dent you sports. >> yes sports. look, ting that steph curry absence from the team means that there's no more dream team for the americans in the olympics. i mean, that's not good is it? >> no it's sad, and, the idea of getting an olympic gold medal is something that so many athletes have aspired to obtain and seems like at least it's not hold for now because i think really because of the location. the spanish sailing team recently robbed in -- rio during breakfast time. you have this zika virus. you have the water, the pollution and so -- >> a sore knee.

he says that and i'm not saying that he doesn't because he's been out for four games previously but i think there are more concerns than just his knee. >> i'm worried about the whole olympic deal. i think that caché is not quite there anymore. i mean, if too many sports an too big a deal. russian -- cheating ep dog scandal there. doping elsewhere, i mean it's not quite the same is it? >> it's not quite the same and too much at risk now, and whether it's politics -- and i don't know . anything social economic reasons for people not to go, and i think it's also very sad because it is in brazil and location it that has a lot of concern right now. if it were in the united states would his answer be different and playing -- >> good question. i don't know the answer to that one but dream too is no more at this stage. good pharmaceuticals they are down big. please remember this is a stock

that was well over o 200 a share not that long ago now at 24 and sinking. how about tesla. we like to quote that frequently up $6 today. samsung wants to supply the model 3 with its battery. how about seaworld. there's a stock that's seaworld stock, there it is. an orca tried to beach itself in the pool of the tank there. >> canary rhode island island where it happened it in spain so this is the only orca that was caught from the wild. these creature swim up to $100 miles day supposed to be performing tricks instead is it jumped out of the water. laid at the side of the beach beachings like this are often fatal because there's organ damage and organ compression. there's video of this same orca that's trying to beat itself its head against the metal gate to escape. >> one more argument for animal right activist to say shut this kind of performance out. an and customers are not liking. ticket sales are dun and not meant to swim in small tanks like this one. how about this one a panther is

about to pounce on a zookeeper in mexico. the panther -- is it creeping up behind zookeeper he's going to -- spin around just in time. he had been training that panther for many years. : awe -- [laughter] meanwhile, look, sweep that video away please. [laughter] president obama is telling the public the my is doing better and jobs are created. our viewers are telling a very different story. back in a mome.

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>> hey with we're getting close again now up 75, 17,994 i make

that 4 points and change shy of 18k we will break in -- 18,000. look who's with us ten years professor of economics and poort. the market i'm trying to make the case here that the stock market is the only game in town if you want to make even a small return. beats go for stocks. what do you say? >> absolutely. you know if you informs in the s&p you're going to get 2% in terms of dividends and some chance to make upside gains even if it lose some it will come back again. you puts your money in the bank you don't get much of anything and bonds you get something but bonds do fail people are discovering that. >> there's a little risk in the storkt, obviously,s there's risk there but people are prepared to take it to get a better way to return. now you're saying that the economy 2016 is in bad shape. that the exact opposite of what

had president obama is saying. why don't you make your case? >> i don't know what they're smoking over there but each year for last three years job creation has been going down. mr. obama has created jobs that half of the pace that mr. reagan did and growth rate is only about about 2%. businesses make money by cutting employees and we saw that last month an we're going to see a productivities burst this quarter as they continued to that and increase profits but it's not good for ordinary working americans, and that's why so many can't find a job. >> hold own second peter because viewers tell us about the economy. ashley you have some viewer reaction about the economy. i think about obamacare. we have this one from guy, he says look health iurance has gone up up so high that i have gone uninsured and then this from gene many friends trying to avoid going to doctor meaning financial ruin. some are deliberate rei avoiding treatment to illnesses that need care.

>> peter i think that the obamacare the way it struck at the moment is a drag on the economy. is it? swlt diskowrnlings employers from creating jobs. lots of employers don't more than 50 workers and at the same time folks have to buy insurance so they get a penalty. but then they brr borrow insurance and they have a 5,000 deductible that's no insurance unless you get hit by a truck and avoid paying $100 to see the doctor, and they let, you know, it build up and get sick and so forth and then there's the what is it will factor if you think frill 15th is terrible, you have to be someone unfortunate enough to have toes use the website to buy your insurance. it's an absolute nightmare but in barack obama's world you know things never been better than before, because he's got a pension which is better than tenure coming up, and you know he's got staff to deal with all of this stuff. >> hold on a second kristin is with us former miss usa.

>> miss america. wrong pageant. j i appreciate that. >> kristin, i say that it's these deductibles. >> they're so high. yeah, absolutely. >> that's not insurance if you pay the 6,000 yourself that's not insurance. >> no and to get that sum within a year also. but really this does have a erkt to the economy not only because people are not being hired it they're had underemployed so they have to take multiple jobs because employers don't want to pay for their insurance but from a millennial perspective they're coming from their parents plan at 26 now they have to buy insurance so this is an extra cost so they delay all of those life decisions participating in the economy, for them jade against the system and participating bad for the economy overis all. ming looking at the dow which is awfully close to 18,000 -- and change away . might get there any minute. peter, come back in again please. do you think that the has

anything to do with 18k at all? >> i don't it could hillary clis uncertainty about the future of investment in the united states she wantses to raise taxes on small businesses. she wants to impose exit penalties when companies diversify their supply chest and talking about regulating and punishing companieses that don't make what she calls smart investments instead of, you know, dumb investments. my feeling is that -- it's more a function of the fact that businesses have a big profit boost as they expand sales at 2% per adam but don't hire anymore people. let me say this you can never get a miss usa winner to get the analysis that we just received i remember my college visit the theater and scoff up new nba

students. technology thank you very much for endorsement for a beauty pageant. thank you if you stayed around just a couple of seconds later maybe we would hit 18k awfully close. almost h [laughter] >> wait, wait -- there -- no. oh, wait, wait for it. awe -- >> gingsing jinxing it. leave up on the screen so we can see it. i want to talk about something but leave that up on the screen please. ex-secret service forthcoming book on hillary clinton is titled crisis of character that claim she's got a volcanic personality. that she lacks temperament to hold office. i can hear peter. don't want to leave. [laughter] this book says that she is erratic, uncontrollable and occasionally violent. all right do you pay any attention to this kind of publication?

i kind of think it's gossip. paying attention? >> it seems look someone writing a book to try to cash in on the election and net impact is going to be zero because people who are hillary supporters have a conspiracy they've heard before an those who don't support hillary it will be a confirmation of what had they really expect. >> nobody will change their vote because this book comes out from secret service. >> it's called crisis of character and if character mattered in this election we wouldn't have the two nominees that we do. so i don't think that people care about character in 2016 unfortunately. >> donald trump i think will raise the issue. >> of character. >> he will be is he the person to talk about it with the comments he made about the judge and everything his own party coming out against him? >> i think -- with one point of 18,000. one penny just relax. it is coming. >> i can't relax. not that kind of guy. >> i know.

>> if i put my money. making had the u dow nervous. >> and rest of us. if i put 100 dollars into a one-year bank cd and leave it there for one year after 12 months they give me back 101 dollars and 26 cents i get a buck 26. over one year that's my way to return. if i buy a one-year u.s. treasury security, give them $100. 12 mons later they give me back interest 59 cents. happy, why market -- look at this dow is up 15,451 in general. look at the bull run spinning distance and saw that hit that last may and saw it hit it in april. if it does it again this will be against the odds that potessed against dow at the beginning of the year. j i wonder if anything to do with the election. trump looked strong. bernie looks weak. >> i don't think it will have an effect until laughter on more of a sense of who it's going to and

who -- >> erratic for the market. >> you know hung on waiting for -- however zillow a website up big, nicole is at the exchange as we look at the dow nicole tell me the story on still low. >> keeping an eye on zillow up 5.5%. turns out that news executive own it is that. and they went over to zillow and a question whether or not there was a deal, and then what happened had was they were suing for $2 billion in damages and it has been settled. settled to just 130 million and barclays said they got off easy but taken away uncertainty and we're not at 18,000. i'll keep an eye on it. >> all righty thank you very much. we're going to take a qhecial break i hope it is not 18,000 at the commercial break and might break in if we do.

coming up people in italy told to pray silently in churches please. because -- it might disturb the migrants that live in those churches. how about that in u new research shows mobile phone that will be t-mobile no sorry -- different story. different story that mobile phones may be affecting the hearing of millions of people. hob had that? kls in a moment but this is the story of the day. dow jones average closely close to 18,000. watch that money grow. we might hit 18,000, and we're up for that ladies and gentlemen. back in a moment.

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>> we are very -- >> i like how he speaks his mind. like bernie sanders because we felt like it's going to raise taxes. i don't think we should be punished if we're doing well. >> donald trump wants to build a wall. what do you think of that? >> well, it's -- i don't have any objection to that. i mean, it's mainly security. >> all right there's a vote in california, and they are voting there today. arguably most important of the six primary contest that are happening today hillary clinton is already taking a victory lap, but because she is does have the delegates if you have the superdelegates and the pledge dell galts she's there but bernie not going anywhere. >> had a big rally in san francisco last night. thousands of people showed up. the main headlining band was dave math u ewes band same thing in san diego, and los angeles they are not throwing in the

towel at all even though at the event announced that hillary clinton gotten the required number of delegates but then they said that's not true. superdelegates can change their mind and false reports the fight goes on. >> bernie said he's still in there. putting this over all right i want to move on to italy astonishing story. parishioners they were told to pray in silence. so as not to disturb african migrants being housed it there in that church. president bill don lieu is with us. okay it's one church. but this tells me a lot about the way christians back off to accommodate everybody else on every occasion. i don't like it. cowards. >> dins difference between showing respect for religion and showing disrespect for your own religion. this is born out of a self-hatredness.

there are catholics particularly on the left who tend to be so embarrassed about being catholic that i wonder why they're even talking themselves where they're at if they feel about bad about things then you maybe ought to make a change never go on in this country. catholics practice insubordination and pray and they woulds for a change here and hopefully that will happen. >> no migrants living in churches at this point in the united states and don't know the religion of these but in africa. >> we have priests two weeks ago at virginia in a museum an artist made the fun about a catholic girl the way she was dressed communion and whole thing and said you wouldn't do that to a muslim and i was attacked by irish catholic orched od by my analogy but not the catholic girl depicted in a obscene way they want to show

their openind i wonder ifs there's anything left if bras have not fallen out altogether that i'm sensitive to your issue. i'm sensitive to and defending right of orthodox women to have their own pool hours in brooklyn it is called religious accommodation i don't hate any religion because of that. but should extend to these women they've been having their own pool or hours at one pool and in a neighborhood since 1990s one anonymous fern complains and i stand with the jews on this issue it's religious accumulation. that's an incredibly important principle. >> almost out of time but i believe you'll join me in saying i want a more muscular defense of christianity. >> yeah. that's what i want. >> and pope benedict 16 who called attention to that the people in the west, particularly in europe but also in north america let's face it. bill donahue so sorry we're so short but subject is interesting and i like your point of view. thank you very much indeed i'm

episcopalian won't got into that. check the big board we've retreated we hit 18,000. we were only air when it happened retreated but not by much. apple a new report that cell phones may be hurting people's hearing. now what's that? >> this is had a study out of canada essentially saying that young people millennials included are experiencing hearing loss similar to what 50 plus crowd experiences including tinnitus so a real concern that they're playing their -- air phone too loudly. there's another it shall too about problems with eyesight studies indicates that white back drop on smartphone and computerring are slamming retina. i remember early days of television i go back that far and not supposed to get too close to the tv because this ruined your eye. i do. but the computers sh a black back screen with green type face

might be better for eyes than the white. >> whatever you say. studies suggest this. colin hit florida. much of the state suffered through serious high winds, torrential rain look at that. heavy had flooding in t.a.r.p., ten inches of rain fell in tallahassee, and this from california. lawmakers there want to give obamacare to illegals and you will pay for it. what do you think about that? meanwhile trump telling get out of there and stay stuff and looking into trump university. the gop establishment is lining up out a block and out the door to a pose trump on this one. wait for it. we have got another hour it have this. i bet you can't wait. back in a moment . you both have a

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>> politics please donald trump will not back up his attacks and long list of the republican establishment calls him out on it. lindsay dwram. mark rubio, kristy whitman all of them say hey this ain't good enough. don't do this please. still with us -- all right art.

you think you've got -- [laughter] you think he's going to win. but you think he should back off this donald trump university judge thing it's killing him. >> got to tell you this is not in my wheel house stuart it really isn't. whether he should back off is not my area of expertise but it is economic and hope it is not economics 25% income tax. 40% corporate getting death tax out of there. 100 expense in capitol and using steve moore advisor and all about economics and that's what really excites me. i'm l sorry i can't answer your question -- but forgive me. when ronald reagan was elected came to the was a in -- january of 1981 first thing you did was to cut taxes across board and then you have o'neal to agree to it if o'neal walks in the office of january 2017

will he get agreement of congress very quickly to do what he wants on taxes? >> he will. do remember that tip o'neal had a democrat in the house violently opposed to ronald reagan and important to get tip o'neal and reheld him hostage because all to go along with us and then he had to go along with it. don't ever think that o'neal liked ronald reagan and he never did. but if you look today we have the house, large majority in the house since 1928 they want to all cut taxes we have majority in the senate as well. >> thank you so much. coming up next, the west coast preparing for the big one. i mean, big one a 9.0 earthquake. hadhow do you prepare for sometg to e devastating and jeb meeting with donald trump the congressman will be here on set with stuart. third hour of varney three minutes away. there are two billion people

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stuart: we did hit 18,000 people momentarily we've retreated. we were still up 60 points and will take it. new this hour, the federal emergency management people are conducting a large-scale drill today in the pacific northwest. will simulate the effects of a 9.0 magnitude earthquake. california is not downloaded for the big one. how do you prepare for a catastrophe like that? basically show how bad it can be is the latter rather than the farmer appeared three years after the iris admitted to targeting conservative groups, the releasing the list of groups that went after. you wouldn't believe how many are on the list. judge napolitano will cover that one. congressman jeb hunter lange, republican from texas just that with donald trump at the trump tower in new york city. 300 yards from here. he is heading back towards studios and will sit next to me. i will ask him what did you talk about with donald trump. but stay on donald trump.

he is not backing off his attacks on the judge presiding over the trump university case. katrina pearson, national spokesperson is with us. why is he doing this? hold on a sack, he could've gone after hillary clinton, president obama on the economy. he could've gone monster hillary clinton, instead he goes after what seems like a tangent on the judge in the trump university case. why is he doing now? >> it's a really quick question. in its defense. this is not something mr. trump was talking about initially appear this is hillary clinton and the media pushing the narrative at this university. he was simply defending the school and talking about the reason why this case had not been thrown out yet. stuart: is it true he got angry with people like you on his campaign when you put out a memo saying back off on the judge thing a little bit. no, go for it and go after those

reporters, too. is that true? did he do that? >> is interesting because the last original donald trump didn't have a communications team and yet here is a communications call that make headlines. people were laughing and sent it because they had questions for the campaign told everyone to talk about this until you have the facts and that's what happened. on the call he said don't worry about that anymore. and a donald trump -- and it was quite comical. i can see how the media turns everything mr. trump does into some sort of horrible headlines here at the end of the day, the call was really for surrogates to trumpet make them an answer to questions they might have had good stuart: i'm not going to say the republican establishment here the republican party's lineup this morning in opposition to mr. trump's position. lindsey graham, the former governor of new jersey, it's a long list. and then we had paul ryan earlier this morning making this comment.

roll that tape in less than a year and >> claiming a person can't do the job because of their race is like the text but definition of a racist comment. it should be absolutely disavowed. absolutely unacceptable. stuart: absolutely unacceptable. >> well, this is not surprising for any of us who have been in the movement because this is typical response for republican. at the hint of controversy they backed down, cut their tails and run. when race. when races involved come you better believe they're not going to stand their ground. that is why donald trump is the nominee because he does go wrong in this case and is fighting back. >> is not helped by the opposition of most of the leading republican party members. >> i also believe once the facts of the case come out and some of the things mr. trump has been discussing along the way is a lot of virus particularly with the judge and the connections he has two illegal immigration

activists. that will ove to be important moving forward. stuart: we understand mr. trump wants to go after nasty reporters like myself. perhaps you could use your pole to get them onto the program and have a go at me. can you do that? >> i'll do my best. you got it, stuart. stuart: maybe i'm asking for trouble. thanks for joining us. got to get to the markets today. we did hit 18,000. we were on the air for that. without a mythical horserace situation. 18,000 went back to and still up 66 points. oil is one of the reasons for that doubt be enough. i've got to show you at amazon down three bucks today. oppenheimer says that stock, and the time now is 722 will go all the way up to $930.

this is the second round of job cuts a row for rent fashion people. they are one of the biggest four bucks, 4% as we speak. former goldman sachs partner and his name is peter kiernan. he's a star on the show. ashley webster, don't forget elizabeth make donald. i am saying wall street is the only place to go to make any money. i get nothing. i'll take a little risk to get a nice dividend yield. >> the missing word in all of this is risky at there are plenty of places to go besides the stock market. you think about gold and commodities. a robust opportunity as angel investing, investment mall business. stuart: most of our viewers cannot do that. >> is space they can do it.

there's a new business started in this country every minute. some of them are long way from amazon go into a trillion dollars valuation. there are many companies been started with two, three, five employees. stuart: they are not publicly traded. >> this has to be someone you meet in the normal course. all the way out west. >> there is a risk. the operative word is for us. at 18,000 this is in a risky doubt, where are the impetus for the growth factors in our economy? where are the jobs? what is driving this to 18,000? i think there are other places to invest in real estate investment trusts, opportunities are there and i do think of you as somebody wants to start a small business, sometimes it can be five, $10,000. i would look there. train to 25 commit 30 years ago when we did stop a lot of new businesses. >> the good old days.

trade today should return i hope they do. hillary clinton now has the delegates needed to secure the nomination. remember the president wants to campaign with her. peter, let's get your comment on this. between hillary and donald trump, who is better for the economy? >> i don't think it's even close. we have moved heaven and are to try and create jobs on the demand side of the equation. we've done almost nothing on the structural side of the equation. too much on the planet, too many people who want to create jobs and were offering them part-time work at the fastest-growing sector in our jobs report this last time the involuntary part-time workers. they are making me because it's the only way they can make a buck. it's not even close. if you look at her economic plan, her infrastructure that is anemic to 27 billion a year. that doesn't begin to address

it. >> it's more hours creating jobs. i think donald trump is prepared to do that. the obama administration has a terrible record of job creation. they talk about the 10 million jobs created, but they've left out the most important thing. the market value of those jobs. and worse, even when we do create them, we can't seem to fill them. stuart: is an easy solution? lower taxes across the board. the economy expands. is it as easy as that? >> there are three points i would do. every state, every municipality in the department of regulatory sanity. it takes 10 or 20 approvals, stamps before they can open a restaurant. we have turned this into regulation nation.

stuart: we've got to step up and say that makes no sense. stuart: well said. you are a star. you well. stick around a little bit longer. i want more. where are we now? check the big word. we've got to do that all good fun because we are close to 18 k. that's a nice benchmark to reach. six states hold their primaries today. california is the big one. all the news i'm not. finally releasing it on the conservative groups that targeted. the judge as a napolitano on mathematics.

stuart: look at that market up 75 was. four and a half point shy of 18,000. what would make another run edition mark stay tuned. a report implying california would allow illegal immigrants to buy into obamacare.

i think we need some clarification because they don't get a subsidy. ashley: no, they do not. it would be illegal for the first time to buy obamacare health insurance on the california exchanges. it is one step away. this year is in the future they could get tax credits to buy obamacare insurance. stuart: under legislation they would not. >> it would not right now. california's sums are the biggest illegal immigrant population. they get a waiver from hhs to basically let illegals health insurance in the california exchange. >> make no no mistake with this history of the operative word is five. right now legal immigrants can buy insurance in the state of california not through the exchanges are the problem is they don't buy it because they can't afford it. we talk about printed number right which many of the people will not be afford to buy. it takes a while another conversation on the magic word. make no mistake that's where

this is headed. this is the first move. stuart: new irs document show 426, mainly conservative groups for extra scrutiny. the groups were generally targeted by a word search. if you've got the conservative word, you get scrutinized. judge andrew napolitano is here. the obvious question is that as a political litmus test to get scrutinized. i don't think that's legal. >> absolutely not legal. it violates a number of laws which particularly the fifth amendment. the genesys of this is a supreme court opinion that president obama votes, one which we attack to the face of the supreme court at the state of the union address and one which he erroneously summarizes called

citizens united. and a group of individuals, uni, two people were 2000 people for 200,000 people to pool our money and you said it any way we wish to advance a political cause. some people have chosen to do this with a collection of money as a deduction and then contact us. the president has used the irs is a political one german too told the success of citizens united by targeting those who disagree with them. it's reprehensible. the statute is written so vaguely that anybody can do this and it will never be changed. republicans like the statute because they will do this when they're in the white house and they have. democrats like the statute because they will do this when they are in the white house than they are. stuart: acca.

the original charge we said that the president and the democrats had used the machinery of government to interfere in the 2012 presidential election. we said that. they've never proved a connection in public that links the high arrest to the white house for the reelect obama campaign. that link has not been established. for 400 conservative groups -- >> it's a type of inference one could argue that a jury should be able to draw. the president is a liberal democrat who hates the supreme court opinion. as a result of the supreme court opinion, hundreds of conservative groups have popped up overnight and they are attacking the president consistent with the constitution. the president appoints a commission or by the irs or the iris supports all of his political appointees. one of whom investigates the

groups. stuart: am i right in saying during the watergate years, president nixon asked the irs commissioner, the laughter this person. >> partly. rousseau's some others. everybody's beef with this is the statute is to bag and permits any president to use the irs to torment his logical opponent. it is most acute now because president obama is so fiercely opposed to &-ampersand tackiness this to the one supreme court decision that is unleashed on the conservative libertarian and two-party groups is used the irs to target. it's not going to go by because congress does not have a congress to restrain the irs because they want to use it again that. >> nobody who did this is going to be punished in any way shape

or form. >> i'm sorry to say the answer to that question is yes, correct. you're almost always correct. even in your selection of neckties. stuart: you are just trying to get on my good side for whatever reason. napolitano is a good see you again tomorrow. the dow industrials now 17,991. throughout the day we've been real close to 18. pop back down again. it's great to be on the air. something totally different. dogfish are worried [laughter] they are getting into oysters. the ceo is here. we are going to ask them what on earth are you doing? you sound here in europe carrying it with oysters?

don't chime in, judge, please. [inaudible conversations] i tried to tell the audience about something really serious here. that is the simulation of the 9.0 magnitude earthquake in california as in the northwest. more than 50 counties, cities, tribal nations, federal agencies all participating in the simulation. west coast, are you ready for the big one? you pay your car insurance

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call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. stuart: only 38,000 jobs created last month. our viewers have been writing to tell us how you've been doing for the last eight years and its economy. we've got one more story. transfer the problems of big government pressure and small businesses. we notice all businesses have basically not been creating jobs or the severity for that to happen. is a small business owner i can tell you our economy is in peril under the heavy weight of government bonds mandates our economy is joking. the lies and deceit are politicians because far from the truth main street america is fed up.

we work harder or longer hours than ever before for less money. >> right up your alley. the mac are still, the regulation is so bright. every city and every day, the president long ago should have created a job czar. this is our number one problem. small business is the credo job creation. we have somebody running for president single double capital gains rate. that is the wrong thing to do if your stuart:'s cumulative small business creation. wrinkly if you've got two types of unemployment. there is the commander cyclical unemployment which he unemployment which you get by keeping magistrate love but it ignores the much worse areas problem. structural unemployment. 4 million great job we can't tell. we just spent a truly valid -- trillion dollars in most of them don't get the asset, but they have the data. they are basically youth unemployment is a real anchor on this. finally, what is the role of disruption?

where in our country if we look at disruption? right now we are experimenting with driverless truck delivery. 3 million people in this country make their living as truck drivers. i don't know if it's five years here that an office 10 years, but those people, probably millions will be disrupted. we know it's coming. wireless trucks and what are we going to do? trade them for the new reality? we are paying attention to structural issues. we do not have a job's mentality. we need to have it. stuart: well said. peter kiernan on the thank you very much for joining us as always. appreciate it. check out the big word. real close again to 18,000. 17994. i'll take that. after this break, my personal ax. as for socialism. and what you are looking at this video from venezuela. that is what socialism does to a

previously for his country. congressman jeb hensarling just walk over the road to us. you want to be treasury secretary to trump administration? i will ask him. next-line rice today. california's big one. political life or death for hillary clinton. do or die. bernie sanders is within striking distance in the following goldens date. -- state.

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stuart: bernie is quite open about it. he wants to make america more like europe. denmark or sweden. that's his kind of place. those of us who come from europe see things very differently. we didn't come here to make the new world more like the old. we escaped a museum and found a dynamic exciting society of the future. right from day one, i liked it. never looked back. i remember starting my own company, stuart varney productions. okay. it never went anywhere but what struck me was how easy it was to get things going. took me an afternoon to register, pay a small fee and then open a business bank account, and i was up and running. does bernieerstand this? no, he would have business jumping through hoops because he doesn't like business. profit?

whoa that's bad. how about a driver's license in a couple of hours and that included taking the test. does bernie have any idea how long it takes in europe? i've got a job in television from an ad in the san francisco chronicle. i worked for free to start with on to show i could do it. bernie would never allow that. exploitation of the working class. in 1980 i got a job with cnn, the worldst first 24/7 cable news network. that was an innovation almost revolutionary. does europe develop brilliant innovative new industries? no, they do not. why? because they want government to control everything. over there, it's called the dead hand of government. but bernie loves it. by 1982, i was off and running with a house and good job, two children. and then i got ronald reagan's tax cut, and i was living the american dream. bernie think so it's a nightmare. he just wants to take your money because it's not fair that you should reap the

rewards of hard work. you're just lucky. hand it over. so it's a shock to those of us who lived through socialism to see bernie sanders go so far in american politics. it's a shock to see socialism return. it's a shock to see so many people led down the garden path. take it from those of us who know. europe is a vast museum. america is not. okay. so i've got a little wound up here. that gentleman right there on the right-hand side of your screen is radio host larry elder. all right. larry, where am i going wrong? i know you heard what i've just got to say. where am i wrong? >> you're not wrong whatsoever. are you kidding me? over the last 20, 30 years europe has created no private sector jobs where we've taken off. you're absolutely right. stuart: why is bernie sanders doing so well in california where you are? >> well, remember that i think

it was time magazine cover a few years ago, and it said we're all socialists now. it turns out a poll found out that 52% of democrats had a positive view of socialism. the fact is that half this country believes a free lunch and the other half stop them from eating it. they follow their own rhetoric -- stuart: that's good. i'm going to steal that line, larry. >> i get 10% when a capitalist country. with a capitalist country, i get 10%. stuart: seriously i mean i don't want you to predict the race. but, you know, bernie could win california. i mean he's very close, isn't he? >> it doesn't matter. remember it's a three tiered deal. part of the delegates are based on how well the kansas do in each of the three districts, part of it is statewide and then 14% are super delegates. so she'll still get more delegates and put her well beyond what she needs for the nomination. it really doesn't matter.

other than it gives more power towards the convention. stuart: and then it's a huge loss of faith for hillary clinton if she losses the golden state. >> right. stuart: i've got another one for you, larry, it to that donald trump. in the past, said in speeches i'm quoting now, a wise latino would be more often than not reach a better conclusion than a white male. i want you to compare that with trump's comments on the judge. what do you make of this? >> i've been mentioning that on my show, and i also tweeted it out, stuart. nobody other than you and me are talking about this. this was what she used to say in some speeches over and over again before she became a justice. and she spent a lot of time during the confirmation hearing trying to backtrack on that. that statement is every bit bigot as donald trump beside she said every wise latina would make more decisions than a white male.

my goodness where were the pitchforks where were the outrage? i would like the same level of outrage to be expressed by democrats, pundits and media well before anyone heard of donald trump said want to drag us back to crowe. called it ethic cleansing by action because of the didn't respond to katrina. joe biden gave a speech before blacks recently and said they want to unchain wall street. put you all back in chains. hillary said of the house republicans well before anybody heard of donald trump, they would 31 place like a plantation speaking before a black audience, and you know what i'm talking about. these statements are toxic, every bit as toxic of what donald trump said. i want to see the same level of outrage. stuart: okay. i got it off my chest about socialism, you got

it off your chest. well done, larry. >> i feel better now. stuart: we'll we'll see you again soon. >> it's miller time. it's miller time. stuart: now, hold on a second. i've got a guest sitting right next to me now who just, and i mean just met with donald trump over at trump tower on fifth avenue. about 300 yards from where we are now. come on in, congressman jeb, republican from texas. >> thank you. stuart: and i call you jeb. you're a. what did you talk about? >> we talked about dodd-frank stuart: did you? >> yeah. i'm not going to go into blow by blow, but i was interested in meeting with donald trump. absolutely it is failed. stuart: and does he? >> absolutely. we have some common ground there. there are some things that donald trump has said recently and things he has done that i disagreed with but here's something both of us agree with and that is dodd-frank is impeding economic growth, keeping people in poverty,

keeping the middle income people trapped where they are, they can't get ahead. the mind-numbing complex government regulations are keeping capital on the sideline. stuart: hurting small banks. >> well, and, stuart, we're losing a community financial institution a day and they're not dying of natural causes. they're dying of dodd-frank. stuart: the only way you're going to get anything done on dodd-frank is if donald trump is the president of the united states. that's your only hope. >> well, absolutely. i'm not naïve about this. i mean the two most important things we can do for the economy today is have fundamental tax reform and repeal dodd-frank. so what we want to do on dodd-frank is we want to replace mind-numbing government control complexity with capital. it's a lot more capital for a whole lot less regulation. and we're going to replace dodd-frank's taxpayer funded bailout system with a new chapter in the bankruptcy code. you can't have capitalism on the way up and socialism on the way down, which is what

dodd-frank. stuart: what did she obviously you explained this to mr. trump. was he receptive with what you had to say? >> well, again, i won't go in the blow by blow, but i'm characterize and say, yes, he well received the message. my crystal ball is a little fuzzy on who will be our next president but should he be our next president, we have a lot to work on to help free this economy because it's not working for working americans. stuart: now, all morning long we've been reporting on this long line of republican party officials who are saying mr. trump, knock it off on the judge question. it's a long line of people. >> well, you can add to it. having that said, i heard your earlier piece. i'm not going to -- again, i'll just talk about dodd-frank. we're going to leave it at that. we're going to leave it at dodd-frank did you raise the issue? >> i have publically said that i think his -- what he said was regrettable, it's not something that i believe in, it's not the way that my wife and i teach my children, but i also agre decry to the double

standard and if this were the standard, should not be the president of the united states. i believe living in america where skin color is as often as paint color. i can assure you it has not been floated by me. i'm not interested in it, i'm happy living in dallas and working in washington, that might be a little bit more full-time gig. and i can honestly say you're the first person in america to bring me to this attention. stuart: if drafted you were not appear in washington. >> something like that. it's not something i've given any thought to whatsoever. i'm happy with the position i have. stuart: you going to raise the issue? >> no. stuart: i'm very sorry, sir, but we're very pleased to have you on the show. >> thank you,. stuart: all right. i wish you luck. i think it's a dreadful piece of legislation. thank you, sir. check that big board. we didn't make 18,000 in the last ten minutes anyway.

we're up 70 points, 17989. and that large drill for states like washington, i mean the drill as in preparation, washington, oregon, idaho, northern california, they're all on the cascade fault. okay? so the drill, the earthquake drill takes place today. and we're going to tell you all about it. the former fema director is going to join us in a moment on what you should be doing to prepare. can you prepare for 9.0 earthquake? i'm not sure but we'll ask him. years ago, i was starring in a one-woman show about a cat allergic to other cats. opening-slash-closing night it hit me: hats for cats. everyone said i was crazy. when i went online. i got my domain, catswithhats.com from godaddy. now these things are fee-ly-in' outta here. got a crazy idea you think you can turn into a success? we know you can and we've got a domain for you. go you. godaddy.

>> i'm nicole petallides with your fox business brief. we're seeing the dow right now up 70 points and hit that 18,000 mark; right? flirting with that 18,000 mark for the stock market dow jones industrial average while the oil floating around the $50 mark and oil gained, output from nigeria, seeing energy in the dow too. that's the performer, the three chevron and exxon, with exxon hitting a new high. also winner in the s&p 500. technology, if you're into technology and have that in your 401(k) or aba, watching some of these tech stocks including apple, intel, and those are some winners on the dow jones industrial average right now. on the other hand, loser today down over 5%, see sales

slowing down. keep it right here. ing the stage this afternoon for auditions? what's on that piece of paper? oh, miss maroney, your forehead! should not be doing anything. i just had botox. i know exactly what's happening! ah! whoa! this is a bad streaming experience. the girlie show is a real fun lady show. (vo) don't let bad streaming ruin a good show. don't look at me! (vo) only verizon has the largest, most reliable 4g lte network. switch now, buy two samsung phones, and get a free 50" smart tv, plus up to $650 back. only on america's best netrk.

stuart: listen to this from goldman sachs. they have received a quarter of a million summer job applications. investment banking is back? ashley: well, you know, banking was a dirty for so long because of the financial crisis. goldman sachs more than 250,000 applications from students and graduates for work in the investment banking area.

now, globally the interest in investment banking has gone up 40% since 2012. so it's back in vogue. jp morgan, city group, both saying they've had a massive increase in applications. very hard to get a job. jp morgan says it will only hire 2% of applicants for its banking decision. city group 2.7%. so a lot of competition out there. . stuart: and they better hope bernie sanders is not the next president of the united states. ashley: that's right. stuart: fema, beginning a large-scale drill for states like washington, oregon, idaho, northern california, which lie on the cascadia fault line. fema is going to simulate effects of the quake, a 9.0 earthquake. and a tsunami. mike brown is with us. former fema director. mike, welcome to the program. now, you had trouble right after hurricane katrina. tell us about this drill that you've got going here in the pacific northwest.

my question is, look. how can you prepare for that level of catastrophe, you can't, can you? >> no. you can't but that's the purpose of an exercise. the purpose of the exercise should be this, stuart, is to find out what's not going to work. because in a disaster of this size when you think about it, i notice you two have a graphic earlier, this area covers almost 800 miles of coastline. now, in 2004 there were almost a half million casualties in sparsely areas. imagine the yeas like seattle, portland, vancouver, all of those areas would be inundated by this tsunami. so the last time there were tsunami like 1,700. so we're in that end of the time period when this might

occur. what we need to realize is that a catastrophe of this size, there's very little you can do except just start trying to recover. stuart: but it tells us what would happen in the event of a 9.0. >> that's right. stuart: that's the value here as well as showing we don't do very well. the value is, hey, look, this -- it could be this bad. what are they going to do in these drills? have people lying around in the street and that kind of thing? >> no. this would be more of a tabletop exercise. although they do field drills like that where they'll have people lying around. but this is more testing communications, testing systems to make sure people can actually communicate with one another. federal, state, and local areas. and frankly in this one i hope what they're doing is they're testing whether or not we can communicate internationally. can we work with the canadians? because this is going to affect canada just as much as

it would affect washington and oregon. stuart: now, this is the federal authorities. this is fema organizing this; right? >> yes. right. that's correct. in coordination with all the others. stuart: have you got any indication of the likelihood of a 9.0 earthquake. i don't think you do, do you? >> no. theres no likelihood -- i should say we have no predictions of this. but what we do know for a fact is that this has occurred before. based on these plates and these& based on the history of what's occurred in this area, it will happen again. probably not in our lifetime but nonetheless, it will happen at some point. stuart: if we did get a 9.0, would there be a ripple effect -- i mean in the pacific northwest, would it ripple all the way down to los angeles? it would be felt all the way down there and all the way up to alaska? >> there's a possibility that it would. there's a fault line that comes across -- comes out of the pacific straight into the california, oregon border.

and that hits the san andreas fault. so if these plates shifted just right, it could be felt all up and stuart: mike, i bought a house just outside san francisco many years ago. we looked out the window and there was a lake. we were told that the lake was crystal lake. it was not. it was san andreas lake. true story, mike. we do appreciate it. we'll see you again real soon. >> my pleasure. stuart: got it. check the big board. make another run right up to 18,000, getting back again. but i can't -- all the way through the next commercial break waiting for it to hit 18,000. dog fish brewery, they are here. they're getting into something other than beer. would you believe oysters? what's that for a pair? beer and oysters? the ceo is here, he's been shucking the oysters and going to join us on set [bassist] two late nights in tucson.

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ashley: a classic. stuart: our next guest is the ceo of a successful brewery that he's expanding. he's getting into oysters. can you believe this? with us from dog fish brewery. he's been on the show before. he's a star. welcome to the show. >> good to be back, stuart,. stuart: i've got six kids. all foodies. okay? none of them would pair beer with oysters, what are you doing? >> well, six kids, you've eaten probably a lot of oysters with your romantic. but beautiful beautiful simple pure foods beer and oysters meant to be together. stuart: now, are you selling -- okay. you're distributing fresh -- are they smoked? >> yeah. it's a pretty unique process. we're partners with friends at a great seafood company and figured a way to make the iosinaries tank drink water, saltwater that was infused with wood smoke, so these are raw oysters that taste smoked. stuart: oh, that's it? >> yeah. so pretty innovative

process to come up with a new product designed to go well with beer. stuart: now, hold on a second. we're into making money here. >> and doing great, delicious things. stuart: okay. i got that. now, wait a second. distributing beer. >> yeah. stuart: you've done it very successfully. >> yeah. stuart: distributing oysters is a very different thing. and you need a different licensing process. do you think it's worth it? >> it's totally worth it. the exploration of business is what we're all about, not following the status quo in this case we opened a seafood restaurant where we committed 100% of seafood coming from those. 91% of the seafood sold in american restaurants doesn't come from american shores. it's oversees, frozen, big could she footprint. we want to work directly with fisherman, adding jobs in america, we want to also protect the jobs -- stuart: sir, can i get your jobs in the midwest? >> some day maybe. right now you've got to come to maine and -- stuart: okay. so it's only in that one restaurant? >> to start with.

but the partnership we have with hoopers island means that eventually throughout the mid-atlantic we're going to start distributing. stuart: do i get the special sauce? >> you believe of. we make a traditional one but we fermit our own to make our own vinegar. the beer's made with honey an and. . stuart: if i walk into your restaurant, water smoke infused oysters, how much do i pay for a dozen? >> 25 and 35. somewhere in that neck of the wood. market price. for you, 18 bucks. stuart: 25 to 35. okay. that's thereupon. >> it is, but you pay for quality, and these are really, really unique oysters. stuart: how much would i pay for a bottle of your summer beer anywhere in america? shuttering has so our ail that's designed to go with these, it's made with lime and

sea assault, 4.9 alcohol beer made with salt and lime, this is going to cost you about $14 a six-packs. stuart: thirteen dollars a six-pack? >> let me say 11. let me say $11 a six-pack. ashley: it's going down. stuart: did you know that it's illegal to put salt in beer in england because that's a way of getting people to drink more. >> is that true? interesting. interesting. stuart: yeah. >> we've been doing it a long time in delaware and people are digging the ail. stuart: sam, dogfish brewery, branching out to oysters. >> thank you very much. stuart: leave the oysters, take the beer. we're out of time, but we will be back with more varney after s

.. we win on the air at 9:00 this could be the day when we had 18,000. we did eventually ruled we had to suspend a commercial rate,

waiting for this thing to get to 18,008. ashley: it cost us money? is that what you are saying? >> i was hoping wickets at way to charles payne, my good friend and colleague who's waiting to take away. i was hoping i could give you 18,000 by the import team shy. charles: i will take it from here. by the way, boating and 60 today, looking or some momentum. welcome to "cavuto: coast-to-coast." i am charles payne in for a neil cavuto. momentum with house speaker paul ryan unveiling the plan to rein in government ways. despite disagreements with donald trump coming is the better choice for the economy. >> do i believe hillary clinton is the answer to solving his problems? i do not. we have more common ground on policy issues of the day and re