>> that will do it for us, great to see you, great show. have a great day, speier begins now. >> thank you very much indeed. no matter what he does it is wrong. it is across the board contempt and coming at president trump from all sides of all issues. good morning, the president then forces immigration law, that is cruel, says the washington post, this is a roundup, outrageous. the president railed against anti-semitism, too little too late according to his opponents that he wants cabinet members, stop that, they are scumbags, she said it was we have it on tape. repeal and replace obamacare, that is the president's policy,

block that, says senator schumer even though obamacare is in its death spiral. this month 2 of his presidency, to the left and the elite donald trump must be undermined, blocked and condemned. meanwhile, we have this. two surveys of small businesses show a huge increase in optimism, a surge since the election. then there is this, 20,000743, the tao is closed, another record, talk about wealth creation, we are up 2 $.97 trillion since november 8th and the election of donald trump. politics and money, what a contrast. speier is about to begin. we begin with the story from denver. a sanctuary city outraged, local

police arrest and illegal immigrant on theft charges. federal authorities held in jail until they can pick them up, taken into custody. that request was not honored, the suspect posted bond, he was released. a little time later the man is charged with murder. all rise, judge andrew napolitano is with us on wednesday morning, the denver sheriff's department is saying it had no authority to hold him. that is because denver is a sanctuary city. andymac you are not going wrong but there are arguments on both sides, the sheriff had no legal obligation to hold him because the cities are not obligated to do the work of the federal government so if the feds had sent agents to wait outside by jail, and picked him up because he is subject to deportation, no crime, no violation of due

process, for the feds to say to the denver sheriff hold him until we get there, the option of whether or not to do it. denver takes the position without an arrest warrant they have no obligation. the problem under the law, as an illegal immigrant, not a crime. if it were a crime it is a civil wrong, if it were a crime, denver would have to have held them. >> you lawyers, you just -- andymac i don't write these laws. in the interim where the left is complaining about donald trump's enforcement of the law, the congress has written democratic congresses and republican congresses and for the first time in 16, not eight, 16 years of the bush administration did not take the same view of immigration as the trump administration. these laws are being enforced. they are complaining the republican president is doing what he took an oath to do which is to enforce the laws as

written. >> are yesterday topic, if you are nice to dreamers and tell them we are not going to deport you, you came here as a child, we are not going to get rid of you, that is the president not enforcing a law, not supposed to do. andymac because donald trump is doing the same thing barack obama did in this respect i'm surprised there is not more outrage. >> i'm outraged at this denver case, andymac the constitution wasn't written in shakespeare's time, the benefit of th. the constitution still doesn't exist because it was an act of secession. >> you are deliberate the screwing things up, deliberately. you mean to tell me the denver sheriff is not allowed to retain, detain this person.

he asked, the fed said detain him. he is a gang member with a long record. we are going to get there. he wouldn't do it. andymac this will change when denver is in the pocketbook but that can't happen until congress conditions the grant of money to the cities as agreements to comply with federal authorities. >> take your lawyers hat off and do the outrage, the vast majority of our viewers are feeling now. andymac the vast majority of viewers need to be reminded of the history of freedom is paying careful attention to procedure. >> do we still want you back? andymac that is for you to determine. >> dow futures down 10 points. you will be back in the 11:00 hour. i'm still outraged. i have to tell you know retreat for stocks in the opening bell. if you are just joining us the news is despite eight straight

record and ten records a calendar year no selloff today in "the opening bell," barely a pause for the trump rally, we may be down 5, 6, maybe 9 points, take a look at apple, one of the dow 30 stocks, close to an all-time high, 18% this calendar year. the market value is $700 billion far and away, the most valuable company in the world. since the election big gains across the board for all kinds of stocks, dow up 13%, nasdaq 121/2%. here's the number to conjure with. the value of american companies have gone up an astonishing $7 trillion, call it that -- this is going according to games in the wiltshire 5000.

put her on camera. we gain $3 trillion in the value of american companies since the election despite the media saying can't do anything right. >> fun to imagine how the stock market would be behaving if there was support for donald trump in the media and among democrats and they could see his agenda be rolled out as he promised to roll it out but there is enough in the promise of regulatory reform which is already initiating, there has been little attention paid to the rules fine about add a rule you have to get rid of two, and also proposals on tax reform. we are making progress and that is what the market is responding to and the only notation or assessment that is free of the media. this is real.

stuart: here is another indicator, an indicator of optimism. 54% of small business owners expect the economy to grow in the next year, 54%. only 29% felt that way in the summer. the election of donald trump has given us an extraordinary degree of optimism from small business. they are not watching the media. >> they are watching donald trump and believing that his policies are going to be good for small business owners and this is incredibly important as everybody knows, the engine of job creation in this country and we saw a tremendous decline in new business startups during obama years because red tape and high taxes, squashed enthusiasm for spartas and we see a reversal that this is real, this impacts spending as the entire market valuation, it is translating into economic growth. we see retail sales are better.

stuart: i will use your theory you, between 2005, and 2015 the rate of small business formation, small business coming on strong cut in half we 10 years, new business formation. >> this optimism number goes back to 2004. and epic leap in small business optimism, not just micromanaging a little bit of an improvement, this is a big change in the heartland. stuart: i guarantee you will not read that on any other page, washington post or anyplace else. stuart: difficult story, parts of northern california drenched, soaked, underwater, in flood, hundreds rescued in san jose. ashley: never flooded before but after weeks of drenching storms this is what happens.

because the city has to do with anything, no sirens or emergency systems in place, so the authorities had to go door-to-door to make it even worse, once they were taken to dryland, had to be washed down with soapy water because this floodwater went through a series of nasty things like engine fuel, garbage, debris and sewer lines, they were frightened about contamination and had to wash them down to add insult to injury. stuart: more to come, check those futures, the bottom of your screen down but not much when the market opens, 8, 9 points, down this morning. now i have for you what we are going to call the surf and turf report. two stories on the left of your screen, a bull escape from a slaughterhouse, chasing through the neighborhood for two hours, it died while being transported to a sanctuary right outside

your screen. a shark bitten clean in half washed up on a florida beach, it was killed by something even bigger, likely a great white shark and that includes our surf and turf report. congressman maxine waters, democrat california, using choice language to describe president trump's cabinet, she called "make a bunch of scumbags. you will hear her say it. guys, what's hag here? hey nicole, this is my new alert system for whenever anything happens in the market. kid's a natural. but thinkorswim already lets you create custom alerts for all the things that are important to you. shhh. alerts on anything at all? not only that, you can act on that opportunity with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade.

stuart: if you're joining us i'm sure you want to know if there's a big selloff after a run up in the stock market, the answer is no we are not, we might be down 10, 12, 13 points but that is a modest pause, a slight drop. facebook reportedly working on a deal with major league baseball.

they are going to stream one game a week. ashley: facebook and twitter competing over live streaming of sporting events looking for a younger audience. twitter did some college football games and nfl games last season, facebook trying to get in on the action. one table week in major league baseball is a big deal. >> facebook saying don't need the nfl, can do global soccer games in competition around the world. and they are talking about ping-pong, guess where that goes. stuart: facebook is trying to be no longer daily news feed to keep up with your friends but alternative entertainment vehicle, that is what they want to be. >> think how long it keeps a viewer on facebook. stuart: democrats continue their all-out opposition to donald trump no matter what he does, it is flat out wrong.

watch this. >> the supreme court nominee they want but my prediction is he keeps up on this path which is likely, i don't think he will change, within three equivalency will see a lot of republicans breaking with him and that is the salvage of ameri. that is a hope for america. >> this is a bunch of scumbags. that is what they are. >> that is very strong words. >> organized around making money. >> with you mean by that when you call them scumbags? >> all these people organized with oil and gas interests. >> >> the trump administration. a streak of cruelty, the new york time. the deportation force, an assault on american values. and days after trump's comments but makes it look like president

trump is responsible. and sold out, how high-tech billionaires in bipartisan the way is a less grueling america's best and brightest workers. . and this oppositions well things trump. >> is a winning strategy. >> it paints the democrat party and all these progressives, as real obstructionists, they can't play the card anymore as they have for the last several years in the republican party. let me say about maxine waters, this is a woman i tangled with, for this woman to be pontificated with her sanctimonious attitude, in people in washington making

money and being greedy. let's remember this is a woman who got away with a slap on the wrist for the house ethics committee for her own self-aggrandizement with regard to tarp funds and a minority owned bank in los angeles that she and her husband were entangled with. why not start with draining the swamp and cleaning the corruption in the congressional black caucus before you point fingers at anyone else. stuart: i want to return to the question, i asked the question because i have been a study here from harvard 73% of voters, across the board, democrats, independents, republicans, 73% want the democrats to work with president trump. that is a big chunk of people, 73%. they are not going for what has been put out, intense emotional opposition. >> i think it is a losing

strategy. i think after eight years of obama complaining about how washington didn't work with him the american people are actually ready to see the comedy the democrats of long paid lip service to but undermined every step of the way as a political strategy. stuart: thank you very much for being with us. i got it all out there. good stuff, thank you very much. if you are just joining us the tendency might be to think about the market selloff. maybe there is a market selloff coming. there is the run-up for you, the dow is up 13%, the s&p is up 10.5% and the nasdaq is up 12.5%, nearly 13%. all of this since the election. if you're waking up this morning, look at the selloff, not happening in opening bell moments today, down but not much was when economist says we will

get much higher than the closing bell yesterday which was 20,000743. this economy says we will go to 23,000700 by the end of this year. he is next, he will make his case.

stuart: the news from wall street is we will be down a little at "the opening bell". no big retreat at this point. let's ring in our guest who says that that will hit 23,700 by the end of the year, 14% from where it is now. that smiling gentleman brian westbury, chief economist with first trust advisors. we have two minutes, take one of those minutes by stating your case. >> absolutely. last year people thought we were nuts when we said we were going to 20,000. this year we are going to go higher and it is based on earnings growth, third-quarter earnings reports almost over 6%. this next year we are looking for 15 to 20% gains in earnings and that is driving this marke and one other thing, many people thought this was a sugar high, a

fit driven market but when we look over the past seven years it has been earnings. >> your prediction of 23,000 by the end of the year is predicated on a big run-up in profits from american corporations. do they get those profit increases if we do not get a tax cut. >> they do. forecast consensus forecast which is not what i base everything on are looking at 20% gains in earnings, the tax cut will add fuel to this fire and i think this run-up can last the next few years, we are nowhere near the end of this economic recovery or the end of this profits recovery at all. >> it has been too long. we cover "the opening bell" in a moment. right now got to tell everybody about some technology news from

apple, reports the next iphone could have a special 3-d camera that would track your facial movements. this is a new form of id to get into your iphone. we will tell you how it works was the future suggests a very modest loss for the dow, 10, 13 points. state with us as we take you to "the opening bell" in a moment.

stuart: we open the market in eight seconds, all kinds of predictions on the program, we are going higher still, 20,000743 was the close yesterday. we are down 27, there are 20,00713 as we speak. left-hand side of the screen gives an impression of the market, the dow 30. a lot more red than we used to, 6 or 7 stocks are up among the dow 30. i will check apple for you because it is still near an all-time high, and the market value is well over $700 million. most valuable company in the world bar none. who is going to cover the market for us? it is a full-screen. ashley webster, shah gilani,

here is my starting point for today's market action. seems to me this market just wants to go up. what do you say? >> it has been going up and no reason for it not to continue going up. earnings have been improving, we are going to see first-quarter comparisons to last year's first quarter which makes it look a lot better this quarter, and deregulation, potential for tax cuts, and all that going to buy back, just a lot of good out there, optimism and investor sentiment is very high. stuart: do you agree with our friends here? >> the optimism numbers is not an indication where we are but it drives spending and investment and hiring and small business optimism, that drives

hiring. the markets, let's see more of it. stuart: the small business indicator of optimism and enthusiasm, 29% optimism, 50% now, 55. >> one of those is the highest since 2004. stuart: we got your prediction of 25,700 by the end of the year and we heard it was earnings driven and profit driven. it makes me worried when everyone is saying it just wants to go up. that is the moment i would traditionally sell. >> in this case i wouldn't do that. there is so much bearish sentiment out there. i am reading short-sellers every day thinking today is the day, they are waiting for the other shoe to drop. one of the things people -- the last 7, 8 years, one of the greatest periods of entrepreneurial activity, innovation that we have ever

seen whether it is fracking or the human genome or apps, that is driving this economy, productivity, efficiency, they create profit. stuart: profits drive the market. want to concentrate on facebook for a moment? they are in talks to live stream one major league baseball game in a week. and i think they want to be an entertainment destination. ashley: and tap into a younger audience. they inked a deal to air soccer games out of mexico for this upcoming season so they've been very aggressive fighting with twitter who carried college games and nfl games. stuart: are you a buyer of facebook? >> i missed it, it is a little steep. one of the reasons is the live streaming, 46 match deal with

univision communications, a younger vibrant audience that buys online at this is what they are doing, a social media network into sports. >> it is one of the few big-name tech stocks that is going up along with amazon so facebook a little the standout and then the automaker's urging the new guy, the epa, mister pruitt to relax fuel and emission rules. mister westbury, if they do that, relax the mileage standards for relax the co2 emission standards is that good for detroit stocks? >> absolutely. one of the big problems with standards is they force companies to sell smaller cars instead of trucks and suvs and the profits are bigger. any kind of -- when you have this kind of regulation you force companies to do things

sometimes that aren't efficient over time and i believe in the market. nobody wants the environment 30, that is the thing. government can't force it to be clean. set up rules that encourage productivity and efficiency and by doing that we have a cleaner environment over time. liz: relieved trump's fight with the automaker's built in mexico, cheaper to make the unpopular small cars in mexico and not here. they believed that fight. stuart: we are 5 minutes into the trading session, down industrial down 30 points, that is not a huge loss on a 20,000 index, we are holding above 20,700. we were 35, now we are down 23, happens every day. i am sounding like a broken record. a couple individual stocks are

moving, papa john's a pizza operation down 5%, looking at the future, not so great, down it goes, texas roadhouse, what are they doing? ashley: stakes. stuart: hit by high-cost and weak sales and stock down 10%. >> looks like roadkill to me. stuart: let's bring in a british dutch condominium arrangement. the company turned down the bid, the stock went down and recovered 2% a dollar, tyson foods, this is interesting, the healthy food bandwagon, what exactly are they doing? >> trying to make more money. you can tell antibiotic free chicken and 20% more than the

chicken we are buying now. tyson is the largest meat company by revenue saying they will remove antibiotics from there chicken products by this autumn. they are not the only one doing this. stock is getting a boost on this. purdue chicken accomplished, fda put out a rule that companies had to stop using antibiotics to fatten chicken but now taking it a step further. they supply one fifth of all poultry, 35 million a week chickens. stuart: i think it is a stretch to assume consumers will willingly pay 20% more simply because the chicken doesn't have bio whatever it is in it. it is like paying 20% more for organic food. not a lot of people do that. >> interesting to see if they pass that to the consumer if they eat that are not. stuart: i don't know if i will

buy it or not. what do you say? liz: i don't mind antibiotics. i don't like that it is fattening but antibiotics have all sorts of i hate to say, venereal diseases. stuart: farming in my family, i know all about dairy farming strangely enough and i have them antibiotics. your cows don't produce. don't know how we got onto this but i hear you laughing in the background. i want to get to this geewhiz stuff about the new iphone, reportedly a 3-d camera. ashley: a front facing laser scanning, sounds very -- used for facial recognition. rumors about how this will be applied but a big one being

talked about his facial recognition to unlock your phone. you have a touch id button, doesn't work when it is wet but the theory is some of the technology could put the phone up like that, recognizes the face, the scan and it opens your phone. stuart: numbers and all that kind of thing. i like it. >> the next step, it tells if you are depressed, read your face. stuart: you are not joking. that is exactly what is going to happen. he is in a bad mood, give him something to cheer him up with. >> you are looking wonderful today. stuart: versus television. nobody says how you look. moving swiftly along, watch out amazon, big online game for walmart.

you can't say watch out, amazon but walmart is making big gains with its online business. >> it is about a sixth of amazon sales, up 29%, amazon 22% growth rate and what is walmart doing besides taking on amazon? sam's club, if you get cheap groceries, that is there beachfront and how they take on amazon in a big way but they are so far behind. >> $72 a share, that will move up. >> it costs a lot of money. they actually have increased their e-commerce business -- >> analysts say they will get there. >> think about all of this,

facebook, apple, amazon, walmart going online, these are just technology issues, entrepreneurship, innovation. this stuff is driving the market and that is why we ought to smile and your apple phone, you are happy today because the market is going up. stuart: this technology is absolutely dominated by american companies across the board. >> always has been. stuart: let me bring you up-to-date on snap, the investor roadshow started, how it is going to make money in the company values itself at $22 billion. i believe it is going to go public on march 2, '14 to $16 a share. >> they got really grilled in london. >> the company was touting these snap spectacles, they didn't bring any with them for people to try out which i find a bad

mistake. >> is at the next facebook or twitter? liz: and coming in half of twitter. stuart: with that streaming, that is a high. we are out of time. that is a lot, gentlemen, ladies, many thanks, thank you very much indeed. check the big board, we are down 40 points, holding onto 20,700 one. next, one liberal state wants to tax legal gun owners, that is how they are trying to implement gun control and remember this scene from inauguration day? anti-trump riot in dc, how any people are facing serious charges? we will tell you. ♪ rock and roll and me ♪ everybody is talking about rocking road to me ♪

stuart: after a long string of record highs it is a landmark in as we open wednesday morning, down 30 points, 20,700 is holding. the luxury homebuilder toll brothers, a new high for that stock, demand strong for new luxury homes and stock is up 7%. that is a new high. chuck schumer says the only hope is a republicans break away from president trump. >> when you talk to republicans quietly in the cloakroom, in the gym, they are having rea problems with him. very few, john mccain to his edit but verfew have hadhe courage to oppose him even though they know he's doing a lot of things that are against what america is all about. stuart: he says essentially republicans have to break away from president trump to save

america. president trump speaks at your conference on friday but i notice there are not many headline conservatives also speaking at the conference. it is possible chuck schumer is urging them to stay away and president trump is scaring them away? >> not at all. it is a who's who of conservative leaders. we will have rights priebus and steve bannon thursday, ted cruz and the great one himself, mark live in talking to ted cruz, jim dement and every conservative leader from leonard leo, it is a who's who of conservatives, that charge is wrong, they are not listening to chuck schumer. stuart: that is a fair point and that was indeed a long list of conservative leaders at the conference but conservatives

speaker resigned from breitbart, lost his book deal, booted from speaking because of comments that made light of pedophilia, any regrets about taking him out of the speaker list? it was supposed to be about free speech after all. >> i don't have any regrets which i tend to be in include her and we like different voices, we have been doing that for the last three years and that was the spirit in which we invited him, but i think we did the right thing in rescinding the invitation. what the attendees i am talking to down here are really excited, first time we have a republican president of the united states at sea pack, since 1981 since ronald reagan was here. for most of these people that is before they were born so this is history. donald trump is coming to conservatives and paying respect to that because you know they are the heart and soul of the republican party. stuart: at your conference are

we going to hear about the wall street trump rally? that is one of the most underreported stories in america today. what do you say? >> absolutely. there is a rejuvenation in the economy, people feel better and you would -- even beyond how people feel the fundamentals are good because companies realize we are already pulling back on regulations, we are going to have a job for the economy and cut taxes and be more globally competitive. those are music to the words of ceos. stuart: on that note. >> music to the ears of seed els. stuart: a data point you might be interested. the net worth of american consumers has gone up 7% since the election. you might want to stress that. >> where making stock portfolios great again. stuart: that is a good slogan which i will steal that one.

good luck to you. i will bring you live coverage of president trump's speech this friday morning, you can watch it right here, 10:00 friday morning. look at market scan, look at this market coming back, still plenty of red on your screen, way more than half are in the red. the dow itself is down 16 points, 20,000726. a former gitmo prisoner released, then rewarded with a settlement of 1 million pounds by the british government, then he blows himself up in a car bomb attack in iraq. we will tell you about this outrage in a moment. so for once i've got plenty of time. what's going on? so those financial regulations being talked about? they could affect your accounts, so let's get together and talk, and make sure everything's clear. thanks. yeah. that would be great.

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stuart: the bbc reporting and isis suicide bomber. himself up in mosul this week was that person was a former gitmo prisoner. ashley: he turned out to be 50-year-old run finland born in manchester, england who turned to islam, was captured in afghanistan and taken to guantánamo bay where he was for two years and the tony blair government lobbied for his really saying he has been

misunderstood, he needs to get out of gitmo. under pressure the us released him, went back to britain, he sued for cruel and unusual punishment for his arrest in the first place, the government caved, gave him 1 million pounds, basically to buy his silence which is 11/$4 million because back to manchester, buys a house, can't get a job and years later goes back to syria to fight for isis and all ends with a car bomb attack on a military facility in the last several days near mosul in iraq. stuart: and he got 1 million pounds of british taxpayers. a crazy story. stuart: this one. maybe you like this. 214 violent protesters indicted on felony charges because they were rioting on inauguration day. >> 219 out of 230 arrested. these individuals faced we 10 years in prison and/or $20,000,

that is a big hit. felony rioting and who where they? anarchists, got in trouble for wearing black hoods and masking their faces. that is against the law. stuart: 240 nonfelony. liz: felony and writing charges, smashed windows, ruined a small cal busiss owner, set fire to his limousine, damaged government property including a police car. stuart: we have become too accustomed to seeing demonstrators arrested and basically released with a misdemeanor. remember these people were violently rioting. liz: they have been indicted. by the way i thought the left were environmentalists. what are they doing -- stuart: you need a permit for

that. we are down 20 points for the dow industrials but here's what we have coming up, nigel voronezh says migrants are turning one of sweden's biggest cities into the rape capital of europe. this is very much in the news these days. he will make his case in the next hour. we will be back. had. the classes, the friends, the independence. and since we planned for it, that student debt is the one experience, i'm glad she'll miss when you have the right financial advisor, life can be brilliant. ameriprise just like the people every business is different. but every one of those businesses will need legal help as they age and grow. whether it be with customer contracts, agreements to lease a space or protecting your work.

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>> when the economy doesn't grow like it used to there are consequences. in the century america's economy has not grown like it has in the last. this loadout has been a human disaster. the essay recently it's called our miserable 21st century. we have witnessed a dreadful collapse. if we were still growing like we used to go 10 million more

people would have a job today. in the and the economy would be 20% bigger. three had stopped looking for work. half of the white males had dropped out take pain medication daily. they have a felony conviction. this is important also. the diamond is some of america has faded. they had traced all back to slow growth. yes the community spirit. it was certainly a big part of the appeal. the market rally is all about the hope of growth in the future.

let's see the red tape cut. get on with it. we don't like the miserable 21st century we want growth. the second hour of bernie and company is about to begin. >> let's get those latest numbers up. this is a big number for the real estate market. >> 5.69 million. it's a ten year high. and it's up a better-than-expected year over year the math. but maybe 2%. you go all the way back to 2007 that was just the tail end of the housing boom.

it's up 3.8 percent. about 2007. that is a strong number. they are selling a lot of homes. look at the markets. i'm in a call that dead flat. i want to check it does those big name technology companies. there at the or near the all-time high. amazon is at eight-point three. very close to all-time highs.

they have a strong numbers. that's what they posted. and the stock is going up very nicely. six points higher. garment is up. i'm not sure why. i use gps on my iphone. >> the fitness where bowls and people like their gadgets. the pizza people and they are taking it down 6% 80 dollars a share. the sour. i was talking about the consequences of a no growth economy. come on in governor mike huckabee. in my opinion this is not as peer economics as we usually think of economic growth this in my opinion is a human tragedy and i think you're with me on this. i am ready to join the church of saint varney and put a little coin in. keep going.

what i'm really agreed with is a fact that when you give people something for nothing you continue to get nothing. the big problem with welfare programs as they are currently structured is they pay people to to do nothing. they're also getting used to getting paid for nothing. i think he ought to launch a new program. if you get government benefits you have to do something in exchange. put a public works program in place. nobody gets a free ride if there is a great capable of doing a job. there is a bigger picture. this is what you alluded to. when people don't have a job they also sent something is not quite right. we are hard wired by god the creator to be productive and work.

it is a much bigger picture than just the economy. you are spot on. it has to start with growth. the first step is you have got to get back to serious economic growth. that is what you have to get to. we should be growing and a much higher rate than we once did. we haven't hit in quite a while. when a person isn't working there two things that are happening. he isn't bringing in a paycheck that gets taxed. number two, he is starting to get government benefits all sorts of things had loaned him as a result of him not working. that means now another two things are happening. it also means that the people that are working or working not are working not only for their family is it's a

spiraling situion. as you point out it's much bigger than just economics it tears away the building the foundation stones. i do want to get this in. this is from the david brooks article. describing the story. a survey in ohio found that over 13 month time frame 11% of ohioans were prescribed opiates. and that three month timeframe received a prescription. it's one of the ways they generate to that. and we have the joy of our

labor. that is a biological fact. it is something that we need to look at from broader perspective. how do we build a great country and a great culture and civilization. yesterday, we told you all about the plan to lead -- leave protections in place. those are the illegals who enter the country as shall not know if all of their own. many are viewers are really fired up about this. listen to charles. we cannot pick and choose the laws to enforce i'm very disappointed. nora writes this. illegal is illegal removes all illegals. we have enough legal residents who need help. nancy -- and nancy said do not

turn into obama. we did not vote for you to win. illegals must go. i want my sovereign borders country back. our viewers are demanding that the law is a law so obey it. as a judge where you come from on this. secondly. this is something trump is doing because the polls show that 80% of americans sympathize to some extent with the dreamers. they were brought here with -- as children. and then they grow up with your children and come to your house and only no america. a lot of americans say to rip them out of here it seems a little bit on usually harsh.

the deferred action against arrivals. it's basically saying until we resolve this issue in a way that we are comfortable with her neck and a in a take action against children. i put dreamers in a different category. i'm looking at this differently. it doesn't necessarily comply with existing law there is an intent to try to change the law. the flipside is what you do rip the parents and the children apart. they can take the children with them if they would like. we're just giving them the option to stay we are trying to do one good thing and say if you feel like you relatives here you want to leave your children behind we will give you the option but don't think you could to say if you're here illegal president trump

tweeted out a link to this from harvard university. eight out of ten americans say they want local law enforcement to turn in illegals who blake --dash mike -- break the law. i think sanctuary cities are in -- there on the end. i think as soon as the money starts impact they weren't paying to pain to house people. frankly it was affecting their budget that they ended that. i think as cities start getting hit they get to 10 billion from the federal government. a report from colorado. this was by local law enforcement officers.

the fed put in a container. local law enforcement because the centricity said no we can't hold it. he's guy. -- he's gone. >> i was on the bench every day i would handle the case i would sentence the person or maybe they were getting credit for time served. they would say they're not going anywhere. immigration has a hold on them. it's only in recent years that the has become unconscionable to some of the community. we are going back to that. once the money starts to affect the cities and they start to see i'm losing this and that. as you're not complying with the request from the fred's -- from the feds you will see a change. stuart: thank you for joining us. that step as always. >> we have this for you.

she says the country has run amok because we are not enforcing immigration laws. that lady will join us in a minute. they are briefly hanging this on the statue of liberty refugees welcome we won't be back. -- we will be back. you can't predict the market. but through good times and bad... ...at t. rowe price... ...we've helped our investors stay confident for over 75 years. call us or your advisor. t. rowe price. invest with confidence.

>> this country has run amok and there is can be an inconvenience to people. i think if you're not burying your child in the garden walking away it's not an inconvenienc you want to wait until they murder your kid. nobody gets sinks right from the law.

there's nothing i can do and there is no reason for anybody else to have that as well. her son josh murdered by an illegal the legal back in 2010. thank you very much indeed for being with us. i know this is extremely difficult for you but you have a story which i want our viewers to know you tell us the story of your son josh please. >> he was murdered by somebody whose parents brought him here illegally from belize when he was ten years old. he was a dreamer. he have the intention to murder josh and the steel has truck his truck from him. he punched him in the face. it sliced his spleen into and

that he strangled him and let it go. until the bloodiest bubbles were gone from his nose. then he watched him die tied him up and set him on fire. how do you feel about president trump. i believe he will do what he says he's going to do he's already doing it. by creating the program called the voice that would help victims families my own that helped illegal aliens navigate the system. i want to be at the table every day. if it does so they can get the help they need.

counseling legal advice. i have to tell you it is continuing case in point police local authorities and local police in denver colorado they arrested an illegal immigrant charged with theft the feds wanted to entertain him but he was released. this is because of the century the sinks right city nonsense. that man on the screen was charged with murder is not quite the same as your situation but it is very similar. and it continues. they should have detained him the people that let him them out today. there's no way around it. at the federal authority said hold him that is their job to do it. it is just a simple power struggle to say we don't want to do with the president says to do .

do you want the end of all sanctuary cities gone. nobody gets sinks right from the law. nobody gets sinks right from the law. we have sympathize. you get century. he would find out what you are doing this year. nobody gets sanctuary. we think you are very brave to stand up in public and relate the general story of your son. we appreciate it. thank you for having me. a horrible example of what we are talking about. i want to see maximum publicity for her. it is pathetic and disgraceful.

nigel will join us shortly. crime is going down. it was taken out of the classroom. more varney & co. in a moment.

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stuart: moments ago we did turn posite we were up two points. i call this thing dead flat. very nice gain here. brand-new high for the stock. why is it moving because they are going to stream one major league baseball game per week. they want to become the

alternative entertainment for. huge problem in california. you had floods especially in san jose. this is batting in the thousands. at least 14,000 residents have been here. that is separate from the people relocated and taken there. the flooding in san jose. it gives you a sense of how much water from the storms that are battering the state they are being rescued they have to be rinsed in soapy water because of the nature of the water. it is just a horrible situation. the irony of all of this is that all we ever talked about was the drought. and now it's the complete opposite.

always extremes. i have a story for you. because of the controversial facebook post. she wrote the post. to protest the travel be in. the rest of us who pay for them are here at work like we've always been her words get sharper. have fun while you still can. so glad to hear about massive deportation. when they found out about the post they called the principal and complaint. what would have been the effect have she posted on facebook real opposition to president trump's immigration. she would've brought politics

into the classroom. the that is -- double standards. a loss of four points. this is not a heavy-duty selloff. this is a modest fall back. about this. they call the president cabinets a bunch of scum bags. what would've happened if they had used that. wait for it. bob is next.

stuart: the new secretary of

state rex tillerson meeting with his australian counterpart. america and australia have been very fast friends from allies for literally decades. i think that's an important image. warm feeling. you have your place on the show and it's not yet. we were down 30. and now wait for it. i'm trying to tell you about it. they're hoping that you will pay more for antibiotic free chicken not sure if i would. i would pay more for the wood chemicals.

it's a losing battle. the top of the hour. about the tinsel and human consequences of a no growth economy. for the benefit of our viewers listen to this. half of all of the white males who dropped out are on medication and painkillers daily. in ohio 11% of the population and in a three month timeframe got an opiate prescription. that's an extraordinary statistic. i agree a thousand percent. it has existed in pockets of this country. some people try to medicate their way through life. i know it may be politically

incorrect to talk about in gender terms but this is a men's crisis that we have going on in this country. dr. phil said there are four ways that you make you feel like a man. to be able to be a provider. to be a protector. to be a leader in to be a teacher. if those things are missing and there is a lack of hope that was an astounding statistic. they would romanticize them. and be cousin where they have gone now. we have a pocket of people in this country mostly men who had great skills great work ethic but no place to go with

those skills. it creates a problem for the future. we've a lot more for you. the cohost of the five he is joining us this morning. before you launch into a series i want to ask you if we just had a story here about the problems president trump has a program for growth. i want you to tell me what has the democrats program for growth . >> if you will start with talking about the growth. i've asked a very simple question. listen to me for a second. of this program for many years i have asked democrats what is your program for growth. i've never gotten a single answer.

now about the lack of growth and i'm asking you a democrat what is the democrats program. can you tell me the program for economic growth. i think trump is right about this. infrastructure growth. it's terrible we need to spend the trillions of dollars to do it. we do not need to build a silly wall one that's oneness up 9500 people. i'm trying to sort it out. and tax reform. are you for lower taxes? >> if i have your money i probably would too. i think what you really need would be a flat tax. that's the first democrat i've ever heard of that. that's something to be worked

out. i have my advisor. who runs magazine. but they are everywhere. i work with them every day. they are low income guys thin trailers. you have lost a generation. if to tell your people to sell the pharmaceutical stocks. and particularly people with oxycontin they ought to be in jail. that's not nearly enough. we digress. let's summarize i ask you what was the democrats program for growth. i got that. now were talking about would be addiction. and you want no opioids on the market. the problem was they were very

good. the problem is that when the fda got scared about the addiction quality of it and they get addicted in eight days. you go to new hampshire. i know massachusetts pretty well. it's only going to get worse. it's not an economic issue. if they were providers in the first place. i think we are being disingenuous if we are talking about it being a relief for physical pain.

that's what we have prohibition. people said it was too much alcohol. there is an escape the people go to see one forgive me charles i do want to ask this question. you were away for a long time. i didn't see you for a long. of time what happened to you. i had three back operations in about 13 months. i lost all of that. and then i i have to trap them with metal. i used to be a drunk in a drug addict. i never liked opioids. i watched people who never drink or smoke come into the pain centers addicted because they have a back operation.

for me it was relatively easy but i'm a junkie. most of these people don't. i've been sober for 17 years. i worked with these guys all the time. everywhere i look. we are pleased to have you on the show. we will have you back. i call them comrade when it's over. you're all right. do we have applause [applause]. back to reality.

show me that market. that is a trumpet rally. eat your heart out son. here isomethinserious fo you. a former gitmo cheney -- detainee is released he gets more than a million dollars in compensation. guess who is going to talk about that? nigel garage is next.

stuart: he was booted from speaking at sea pack. see what he have to say about that. i think we did the right thing and in rescinding the invitation. i think with the attendees i'm already talking to down here they are really excited that it's the first time we are can have a republican president of the united states in their first year since 1981 since ronald reagan was here. that's before they were born. this is history.

they are coming to conservatives and pain respected them because he knows that's the heart and soul of the republican party. so tell us your big idea for getting the whole country booking on choice hotels.com. four words, badda book. badda boom... let it sink in. shouldn't we say we have the lowest price? nope, badda book. badda boom. have you ever stayed with choice hotels? like at a comfort inn? yep. free waffles, can't go wrong. i like it. promote that guy. get the lowest price on our rooms, guaranteed. when you book direct at choicehotels.com. book now.

stuart: that is the all-time high of the dow jones industrial average getting help this morning.

the best number in ten years. and facebook like this. $135 a share the season i guess. and there are reports that the trump administration. they are students across the country they can use the bathroom they choose. something charles spicer said yesterday. have a lot of liberal media up in arms. here is what spicer said. this is a state right issue and not one for the federal government. he was asked about it because there are two different cases it may be going to the supreme court. it may be in front of mister

trump. he might say something today about this but we don't know. there are reports out there that possibly we could. i need to ask you something. on the campaign trail caitlin jenner was a very prominent lgbt spokeswoman they were good friends. later he kind of went against the obama and menstruation doesn't look like that. i'm not so sure that that is to be a clear-cut fight. i don't see why anybody is telling me where we have to do our business in the presence of members of the opposite who are strangers. it's the same the same with high school kids. what's going on here. i'm a girl i feel like a

girl. therefore i'm going to the girls shower. get out of here. i'm not some kind of homophobe or anything like that. and i want to change. get off my back. the two cases we are watching the kids say they were bullied in school. will done. serious story here we go. showing the riots that erupted in the home. the man behind brexit. nigel officials, i wanted you

to straighten out for our viewers. they insist there is no problem with migrants and crime. that's nonsense is in it. i think sweden is the politicians but particularly its media are in denial more than any other part of your. there is now an established a great convention among all of the sweetest broadcasters that they do not ever get the identity religion or nationality these are just listed as crime statistics whether i'm talking about rape, or murder or if it is just outright losing. they are in denial. and frankly what is going on in sweden is that in their efforts to be politically correct they are not being flexed -- actually flexed -- actually it undermines belief

in the media. they are not telling them the full truth. it's very dangerous. let me just carry on for a second here. i have a report from the bbc that a brett was imprisoned in guantánamo he is released goes back to britain he sues the british government on the grounds agents would mistreat them. he wins a million dollars or just over a million dollars in compensation now we hear that he blew himself up. what on earth is the government doing pain over a million dollars to a man that that becomes a terrace. it has been an assumption. they have thrown all process

out of there with window. clearly in this case there was a good reason. the fact that he was paid a million in compensation is astonishing. they had hundreds of people. i think we have to get a lot tougher. with people that we suspect of the crimes. it reflects very badly on the british government indeed. what is the reaction of the british people to this story. i think they are a bit more advanced they are absolutely horrified and outraged. it's not just the money that's bad enough as a fact that the fact that we do not appear to be monitoring people like this. hundreds of people have gone from britain to fight in syria

to fight with isis to become even more and have come back into our communities. to get a lot tougher on this stuff. he might win in the netherlands. what is the odds here of them both when he. i think they will top the pole and that never lengths. i've little doubt about that. whether he can form a coalition government i doubt as far as france is concerned they had put out her platform at 144-point plan for france when it comes to questions like terrorism is very sound and veryid. it remns to be seen who will get through to the last round. they will be about 14 candidates to compete in the first round. i would say this you. if it's her.

good-looking though he is. i think they have every challenge. thank you sir. i appreciate it. dead shark washes up on a beach in florida. it's been in half. it was originally about 5 feet long. the lifeguards are now worried that great white might white might be lurking nearby. they are upset with me they say i keep harping too tax cuts. great panther silver produced approximately 4 million ounces

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c1 we have talked a lot on this program about the tax cut program and with a few fewer comments on that. the only one is coming in to us from john. one day last week i decided that i would turn off the show if tax, taxes or tax cuts were said 100 times. is not an exaggeration. i didn't end up turning off the show i enjoy you guys very much but you guys went on to use those terms 269 times

during one three-hour show. okay john. take a look at this video. rotate. the tax cut we don't get a tax cut tax plan tax reform. tax, tax, tax, border tax, i counted 24. about 20 seconds. i don't think we overdue at overdo the tax cut story i ink it's the essence of what's going on in the market. it would be so much more fun. give anything to say about this.

better than hearing affordable, affordable affordable. we will be back.

. . .

stuart: here is another centric city outrage. local police not cooperating with federal authorities and dangerous illegal is set lose in our streets. in denver police arrested edward vales on theft charges, federal immigration charges has him held.

he has a record of a gang member . he posted bond and released days later he was charged with murder. the point is century city nonsense. they want them out and so does the president. the media won't tell you but the people are with the president. the third hour of varney&company is about to begin. note stuart: it turned around. we are selling 5.6 million homes in an annualized basis, 10-year high. market goes up like that. only up 6 points, though, but it

liked it. big gains for the whole of the stock market arena. dow up 13% since election day. s&p 500 up 10 and a half per can he be the. big gains. since the election, look at this, the value of american companies has gone up, astonishing $2.97 trillion. let's call it 3 trillion shall we. this is going by the gains registered for the 5,000 index. chief investment strategist, keith, before you launch, i have another optimism indicater for you. 54% of small businesses expect the economy to grow this year, only 29% felt that way over the summer. i say that's optimism, i say it's cause for growth, do you take it as a sign that the market is going to go up some more. >> without question, stuart, small businesses is the

invention and intellectual property and growth, so, yes, that's an extremely telling sign after decades of hey, let's get in your face and make this tough, we have a president in the white house who knows how business works. the dow will hit 30,000 by the end of the president's first term, 30,000 from now, what say you? >> i think it's going to go grew faster, trillions of dollars in the sideline that are waiting to come to work, must come to work, pension funds, all kinds of investment, that's actually going to be cob -- conservative. stuart: you think that's a conservative estimate, 30,000 on the dow 4 years from now, it will be up 50%? >> that's right. stuart, think about this.

so just take the bond market, if you look at all the investments in the world, just a 10% rotation out of bonds into equities, never mind all the new capital, that's a 3 trillion-dollar move. imagine whef we have a 40% move. this is not going to be equal market. there's going to be s and have notes. stuart: $700 billion in value. you still like it? >> you know, very reluctantly, stuart. we have a tremendous mix match like apple. people think it's a device-driven company. how many answers do you know, not much.

if you look at amazon, that should have been a series product. that isn't happening. tim cook is after echo sphere, ultimately that splits, for now i will take it and let's ride that thing until the bell rings. stuart: that's fascinating, keith, thank you very much for being with us. always appreciate it. good stuff. >> my pleasure. stuart: i want to move to facebook to live stream one major league baseball game per week. facebook appears they want to become a entertainment destination as opposed to just catching up with your friends? >> baseball games last about three hours, longer than a soccer game so that's more advertising revenue. this also major league baseball gets a younger audience, they need that, the audience is skewing older, also major league baseball has seen their tv ratings go down as more people watch on devices. so you get the younger crowd on devices that's good for both sides of the aisle. stuart: that's whey they want to youngsters in my family.

they don't want to sit down with a big screen tv and walk around with one of these things. ashley: laptop or whatever it is. stuart: i start today watch netflix walking around with this. i'm watching old episodes. >> very rakee stuff for you. stuart: you know why i say that because it's all about henry the eighth. ashley: nice segue. stuart: let me introduce the man properly. [laughter] stuart: all about a sanctuary city outrage in denver local police not cooperating with federal authorities and a criminal illegal is released on to the streets. okay. i think that's just terrible. i'm not sure how napolitano feels about it. i think it's terrible and you say? >> let me tell you the troubles

of the president, this is the legal structure that confronts him. we call this person a criminal illegal, he's here illegally while here committed of a crime, served jail time and got out of jail and then as he was abt to be released the feds asked to hold him, we want to deport him because committing a crime, committing a felony, being convicted of a felony is a trigger for deportations, instead of holding him they -- the state releases him and he's accused of committing a crime. can he be deported after a trial, an immigration trial and appeal? at the immigration trial the government will pay for the prosecutor, the judge and his lawyer, at the appeal the government will pay for prosecutor, the judge and his lawyer, average cost to the government per deportation

$250,000. we are not talking about dreamers. we are talking about a threat to society. even a threat to society will tax a society a minimum of 250,000 to get him out of here. we are not talking about the prosecution for the crime he has alleged he has committed. >> you can't speed immigration hearing up. the man is guilty of x, y and z. you can't say sunshine, you're out. you can ask the immigration courts to move them on the head of the line, on the line are people that are worst, we just don't know about the cases. this is a line filled with people that the government has very sound reasons to want to deport but it's confronted with this thing that you brits don't like that we fought a revolution against you in order to obtain called due process. [laughter]

stuart: where is henry the eighth when you need it. [laughter] stuart: well, said. i believe that sanctuary cities will be toast. napolitano the history of the government by getting cities and states to agree to strings is one of nearly universal accept anticipates of the cash and acceptance of the strings stated differently. do you think rahm emmanuel is going to say 3 billion that the feds give city treasury because he doesn't like the no sanctuary city strings, of course, he would be bankrupt. i'm not just picking on him. bill de blasio, the mayor of san francisco. stuart: can the president say you want $3 billion for this but

you are not going to get it because of that? >> no, but congress can. when they establish 218 budget in october of 2017, donald trump will gladly sign all of that legislation into law with the strings. then the strings are part of the agreement and this will make you happy, they don't get all the 3 billion all at once, they get it monthly which forces them to supply with the string otherwise they are not going to get it the next month and a lawsuit to get them to discourage what has been previously been given. stuart: quite right. [laughter] >> you still like the catholic tie? stuart: no. >> let's not go there.

>> get away in st. patrick's day. democrat, california using shall we say choice language to describe president's trump cabinet. you're going to hear what she said and you will be shocked after that great panther silver produced approximately 4 million ounces of silver last year at their 2 mexican mines. their recent mine acquisition in peru, once fully operational, stands to increase their production up to 75 percent. great panther silver

>> i bring you news of the soda tax in the city of philadelphia, what's happening. >> wow, worst than expected drop off in sales down 30 to 50% on super markets there, they're reporting that and also soda distributors, a fifth of sales, a fifth of the workforce is going to have be layed off to work for it.

300 jobs in one super market in philly, we will do the soda tax, if you have job layoffs you're not getting the tax revenue. stuart: unintended consequences. i suspect that counts right there. let's see who else does this? the democrats do continue all out opposition to all things trump no matter what the issue is, no matter what he does. it's wrong. listen to this. >> when you talk to republicans quietly, you know, in the room, they are having real problems with them. very few, john mccain to his credit, very few have had the courage to oppose him even though he's doing things against what america is all about. >> this is a bunch of scum bags. >> those are strong words. >> what do you mean by that scum bags? >> all of the people who are organized with the oil and gas

interests that's in the administration. stuart: he's not just being attacked by democrats, look at the headlines from the media. washington post. the trump administration blueprinfor has removals with a streak of cruelty. new york times, mr. trump's deportation force prepares an assault on american values. again, the washington post, riots erupt in sweden's capital just days after trump comments, doesn't that make it sound like trump's comments created the riot? ashley: not true. stuart: favorite on this program. welcome back, bernie, i have never seen anything like this ever, have you? >> no. no. but that last headline is interesting because they could have written a headline that riots break out in sweden a couple of days after bernie goldberg got a hamburger at mcdonalds. they have no connection. [laughter]

>> look, on the bigger point that you're accurately making, a lot of journalists maybe stream journalists do not like donald trump. it's not just the policies they don't like, the biggest thing they don't like about donald trump is donald trump, okay. in fairness, fair and balance, donald trump brings some of this on himself. he says things that are untrue, they don't like that. he acts in an unpresidential way, they don't like that but it's not exactly a bulletin, stuart. specially the last democratic president who they treated as a massiah but this is different. this is different. the animosity level is totally different and they would say, yes, that's because he's different. the best single thing i heard about how at least one news organization, "the new york times" sees donald trump was from a media writer named michael wolf who said, he looks

at the front page of "the new york times" and he thinks it's germany 1938, maybe an exaggeration, but you get the point. stuart: yes, we do and that's an inaccurate point to make. is there a solution to all of this? if you're not happy with media coverage, what's theolution? >> well, i've always argued even when i wrote books about liberal bias in the media, i've always argued that we need a strong mainstream media. that's why the founding fathers gave journalists, you know, the privileges they gave them in the constitution because we need somebody to tell us when powerful people are doing things that are dangerous or wrong or illegal. we don't have that now, they brought a lot on themselves. i don't think donald trump is helping matters by calling them the enemy but they brought a lot of it among themselves. i hope, i hope we have 30 seconds to talk about maxine

waters. stuart: take a minute, if you like. >> okay, i wrote a book once called a hundred people who were screwing up america and maxine waters was in the book. personality of a pit bull and bad mood. i don't care about that. she's a mean-spirited nasty woman. but i think she's doing donald trump a favor. i have a theory. i think he needs to thank her for her uncivil remarks. i also think the people who are des corrupting gop town halls are doing them a favor and the people holding up hitler signs are doing donald trump a favor. they are ace ace in the hole and they are overplaying the hand. they always overplay their hand and mainstream americans, even in blue states where they don't specially like donald trump,

they see the craziness, a rally where they hold it's not my president's day rally and they don't like that. i think by comparison they are making donald trump look good. stua taur 'shy you are on the program. >> i didn't hear you. stuart: you're an original thinker. [laughter] stuart: the left unhinged of a president trump forcing immigration laws, we are going to tell you how times changed, both bill clinton and hillary clinton sounding a like like president trump sounds now. wait till you see it.

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liberty mutual insurance stuart: the left is appepltic. hillary clinton and bill were for immigration law enforcement. they even we wanted to build a border wall. listen to this.

>> secure our borders with technology, personnel. >> that's why our administration has moved aggressively to secure our border, by deporting twice as many criminal aliens as before. >> we need to try to incentivize méxico to do more and create the environment in which we get people out of the shadows and then give them some earned right to legalization. stuart: president trump is an awful human being for saying exactly. ashley: can we play that on the regular basis. you will never see that in mainstream media. >> hillary clinton bragged that she said she was for a border fence. chuck schumer and joe biden were for the border fence in 2006, they voted for it. tat stuart they changed their minds when hispanics voted mass democrat.

ashley: yeah. stuart: president obama and every esident would say keep them out of here. mine, how times changed. we are now up 7 points, good numbers on housing and a very positive survey of small businesses about optimism. now, for no better reason than i like this band, we are playing the beatles

stuart: retailers and shopping

malls in some trouble. you are familiar, i'm sure with the concept of the ghost mall. i see them all over the place as the big retailers move out and malls are in serious trouble. so we are bringing in a specialist in commercial real estate. his name is bob, investment sales chair. bob, welcome to the program. >> thank you, stuart, good to be here. stuart: what are you going to do with all the real estate when the ghost malls, i see them everywhere. >> real estate constantly gets

repurposed and retail has seen different changes based on technology. stuart: you have so much space in all of these malls all over the place. >> creative developers will figure out a way to repurpose the space and figure out a viable use for it. stuart: the value has to go down. >> most supply and demand impact things, clearly we have a little bit of excess supply both in retail sector -- >> you, sir, are being defensive because you know that i'm onto something. [laughter] stuart: if macy's and sears and shopping mall, that shopping mall is toast and the value of that real estate goes down. you're going to tell me i'm wrong? >> no, you're absolutely right. that always creates an opportunity for people who can look at a different use for that real estate, look at what the underlying value is, there could be zoning changes that allows for construction of office buildings or apartment houses on that site, so there's always something to do with land and not making any more of it, i was

once told. stuart: you're in that line of building. i see where you're coming from. didn't the federal reserve watch out in bubble of commercial real estate is about to burst? >> absolutely. i will say that, you know, as in new york city, what happens in manhattan happens before it happens outside just as what happens new york it happens before the rest of the united states. we have seen softness in the marketplace. i think that definitely we have seen a reduction in the number of properties being sold, values have some downward pressure. stuart: now we are getting to it. >> that's a fact and that's because underlying fundamentals have been degrading a little bit. we have reductions in residential rental values, retail rents, office rents are about to turn, but i think one thing in the administration can do has been a lot of tax about tax reform, market participants in the commercial real estate market are more highly sensitive to changes in tax policy than

anything else. in fact, if you look at the past 34 years -- stuart: do you want a tax cut? >> i would love a tax cut. 1031 exchanges, a way to differ capital gains tacks, these are all things that impact the market very, very profoundly and what we found over the past 30-40 years, years in which there have been tax policy changes, 1986, '98. stuart: i'm reading between the lines here. i'm reading between the lines, commercial real estate is down but you think that the cavalry to bail you out? i knew it, i knew it. i know that's not your area but

am i onto something no. >> not necessarily a bad hedge. real estate over the long-term turns out very good. stuart: not necessarily a bad edge. [laughter] >> a lot of people who invest in single family properties, if you're not trying to tie market cycles, the yield or the return that you would get if you were to rent the house out usually is very low, 2 to 3%, so you're probably doing better buying bonds, but -- stuart: i'm thinking of buying junk and selling it. i'm not a house flipper as most people will call it. >> sounds like another show coming up. [laughter] stuart: yes, could be. bob, you're all right. thanks very much for joining us. >> great to be here, stuart. stuart: dnc votes for a new chair on saturday, big deal here. there are two principal major candidates here, far, far, far

left congressman keith ellison and just far left former labor secretary under the obama administration tom paris. j to tha l-o cobs is joining us in new york, he's at large member of the dnc and he gets a vote on the election on saturday. >> that's right. >> who are you going to be voting for? >> tom pérez. stuart: why bowled you go for the far left as oppose to the far, far left. >> i'm not going to buy into your description. [laughter] >> first of all, i think that tom pérez is more to the center, i think he will appeal to a broader group of americans and i think he's also somebody that can organize our party, a party right now needs to be revitalized and needs some leadership. stuart: do you think he's a centrist? >> america is a centrist country and sometimes to the right and sometimes to the left. he's a bit to the left of center but he's not off the mainstream.

stuart: he was a principal supporter of unions under president obama. half of the union household voted for donald trump, what does that tell you about mr. pérez? >> i don't think it says anything about mr. pérez. it talks about the mood of the country. stuart: union membership. >> i think union membership -- stuart: you have to get them back. >> tom pérez is somebody who can do it and drove a garbage truck to go through school. he's done a great job in the department of labor doing that and i have to tell you, he's also been somebody who has fought for voters rights and that's important to democrats. stuart: that's the kind of language which is not going to turn on middle america. >> i don't agree with that. stuart: workers right. why don't you talk about growth, what's your plan, what's the centrist democrat plan to grow the economy?

>> you grow the economy by growing business. stuart: yes. how do you grow business. >> promoting and giving businesses an opportunity to invest. stuart: a tax cut? >> are you a democrat who can get tax cut for business. i don't believe it. stuart: i never heard of this? >> you never heard of bill clinton. stuart: that was way back when. >> bill clinton wrote the book in terms of modern democratic parties being in favor of business and things good for business but also being socially responsible and understanding the needs of taking care of people -- stuart: if he wrote the book on growing the economy, what the devil happened because the succeeding democrats didn't take advice. >> i think that obama grew the economy. stuart: 2% growth, that's it. >> i would say to you that creating the number of jobs he created, bringing unemployment

back to 4.7% and delivering that basket to donald trump is pretty good. >> look at the stock market where it started under barack obama, look at where it ended. stuart: that was the federal reserve. >> it's always somebody else. in fairness i think barack obama saved the auto industry and did a tremendous job in terms of infrastructure and i think he didn't get the credit that he deserves nor did democrats and unfortunately we see the result of that in the last election. stuart: were you sorry to say ray buckley drop out of the race of dnc chair and back keith ellison. >> yes, i know ray. stuart: su surprised that schumer is supporting keith ellison. >> he's supported by the progressive wing to have party. stuart: way out left. a trillion dollar tax increase.

i put m way out theron the far, far left. >> i would say he's further left than i certainly am but he's not a boogie man and not terrible in terms of the party. stuart: antisemitism in our society. >> he has said things that are inappropriate in terms of how they have come across. i have talk today him, i don't believe that to be the case. that's not my problem with keith ellison, if there is a problem, it's just i believe if we are going to appeal to do broader range of voters, not just democrats, because the democratic chairman isn't going to just be talking about our base, we've got to branch out, somebody with a moderate voice that can attract and still be emblem of what is important in our party with principles and values, tom pérez does it better. stuart: you're totally wrong on

the issues, but that's okay. [laughter] >> thank you, i appreciate. stuart: thank you. the state of massachusetts has a proposal. it's a bill that will place additional taxes on gun owners. now we've had a similar story from connecticut. >> state senator cynthia wants a new 4.75% sales tax on guns sold in massachusetts, all in state and federal when that local tax would bring the taxes on 22% plus. so, you know -- stuart: a form of gun control. >> thank you for that. there's pushback on it. she wants it for a violence fund but now it's gotten to the point where states like louisiana and mississippi have tax cut or tax holiday, sales tax holiday for gun sales and other states like nnese and texas considering the same thing. stuart: that's what we need jacobs, gun control. >> ly take gun control.

>> you won't take the bathroom rule will you? i'm just terrible. aren't i terrible? >> not at all. stuart: seb more democratic leader schumer is if they break away from trump. i realize that ah, that $100k is not exactly a fortune.

well, a 103 yeah, 103. well, let me ask you guys. how long did it take you two to save that? a long time. then it's a fortune. well, i'm sure you talk to people all the time who think $100k is just pocket change. right now we're just talking to you. i told you we had a fortune. yes, you did. getting closer to your investment goals starts with a conversation. schedule a complimentary goal planning session today.

♪ ♪ ♪ >> i'm adam shapiro live in the floor of the new york stock exchange. the markets are essentially flat right now. we are waiting for the latest minute for the federal reserve. but look at some of the stocks cha are popping right now. $130billion to be happy if you're a dupont chemical owner. it looks like as if the eu is going to approve merger between dupont and that stock is up almost 4%. other stock gaining today nike is up and cisco they were down about 1%, intel is up 1 and a half percent today. home builders riding high on news, we will have much more on varney right after this your insurance company won't replace

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of silver last year at their 2 mexican mines. their recent mine acquisition in peru, once fully operational, stands to increase their production up to 75 percent. great panther silver >> we are also a nation of laws. it is wrong and ultimately self-defeating for a nation of immigrants to permit the kind of abuse of our immigration laws we have seen in recent years. >> if they committed -- >> we will try to do more to speed the deportation of illegal aliens who are arrested for crimes.

stuart: weekly standard executive editor. i think they changed their minds on things when the hispanic vote in the united states became so large that you could only maintain that hispanic vote by saying, forget immigration rules. do i have a point? >> you definitely have a point for democrats now including the clintons. the holy grail if they can grasp but they'll become the majority again is hispanic voters. and they are gaining but it's going to take a long time. initially they thought even in 2016 the increase in hispanic voters would mean obviously that hillary would win and that they would win back the senate and so on, it's going to take a lot longer than that and besides hispanics are not locked in to being democrats. stuart: that's for sure. i believe that mr. trump got 20% or more than that of the hispanic vote on november the eighth. >> it depends on the state, but he didn't do as well as george

w. bush has done but he was about where romney got 29% in 2012 and that's roughly what trump got. stuart: but it is astonishing they are calling all kinds of names to president trump simply because he wants to enforce existing immigration rules just like bill and hillary wanted to a decade ago. i mean, this is just astonishing what the media is up to these days. >> are you suggesting hypocrisy here or bias in coverage? stuart: yes. as a matter of fact, i am. >> look at it this way, involving democrats in congress, they've decided they are going to oppose everything that trump proposes across the board, everything, they're all going to vote against everything. stuart: that leads me to senator schumer. i will play a sound bite of the man saying the only hope for america is if republicans break away from president trump. listen to this. >> when you talk to republicans

quietly, you know, in the cloak room or in the gym, they are having real problems with him. now, very few, john mccain, to his credit, but very few have had the courage to oppose him even though they know he's doing a lot of things that are against what america is all about. my prediction is he keeps up on this path this is likely, i don't think he will change within three to four months you will see a whole lot of republicans breaking with this. >> i hope so. >> that's the salvage of america. that's the hope of america. stuart: well, it could be that senator schumer is onto something because there is a great deal of dissent among republicans in the senate over the tax bill that's going to come out of the house specifically the border tax. the republicans are, indeed, split with that and several of republicans in the senate are pe get away on that issue. >> that's one something.

if you were around when tax reform passed the sweeping bill, but up until it was enacted, they were all the press was talking, republicans would oppose this and then this part of this that they opposed. they call came together and voted for it. the republicans will overcome this border tax. i think it'll probably be a part of the bill. i don't vote and i probably vote for the overall bill anyway. that's the way the system works. you don't always get exactly what you want. stuart: if they don't get a tax bill of some sort this year, republicans are toast next year, that would be my opinion. >> i agree. look where they could be. there's so much written about how trump isn't a really achieving anything but look at what you might have in august, you might have a repeal and a new healthcare bill or at least a lot of it, you will have the tax cut and you will have a new

supreme court justice locking in a conservative majority, that would be, if it comes before the recess that's the republicans aim. i'm not saying they could get there, that would be a remarkable achievement. stuart: inside park home run. [laughter] >> good analogy. stuart: fred barnes, thank you very much. carl icahn is taking a stake in bristol myers, special adviser to the president on regulatory reform. now, liz, $20 billion, he's adviser to the president and takes a stake in huge drug company, is there a conflict of interest in. >> it sunt seem th way, you can say that about a lot of the advisers.

then make the meetings transparent, what is he advising him on, have him testify on congress on what he advises the president. do it transparently. ashley: the kind of things that critics will jump over. it's too easy. stuart: big names, check them all of the time because that's where the money is, facebook another new high. i believe we are around 135, $136 per share as we speak. 136. they are going to live stream one baseball game a week, maybe making them a new entertainment vehicle as oppose to just getting messages from your friends and relatives. tesla, they report the results after the close of the market today, the stock right now is down 1%. very close, still very close to its old time high, stay was, we are not done yet ♪

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delivered for free. stuart: they are making a big push to go online because bricks and mortar stuff is stagnant. it's working? >> it looks like finally after being criticized for numerous three quarters of no really good online sales, even though there are overall sales were flat, now looks like they are building a beach head against amazon right now. stuart: got it. i want to move to the north california floods. we have new information coming in. this is very serious. ashley: the good news is it stopped raining but the flood waters keep coming, creeks, reservoirs are topping banks, 14,000 at least have been pushed out of their homes, in some cases in chest-deep water. highway 101 which is a major suite of san francisco was shut down, south of san josé. this is a very difficult situation because the city that is never used -- never seen this

kind of flooding. stuart: let's be clear this is flooding from a different part of california. ashley: no where near the dam which is north of sacramento. south of san francisco, the whole area battered by the storms over several weeks. stuart: in terms of economic disruption it must be significant. ashley: sluely. major artery, a road shut down like 101. >> aren't there diseases in the water too? ashley: yeah, some people are being washed in soapy water. some of the water have gone through dirty water. stuart: nasty situation and the heart goes out to those people. more varney after this

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stuart: so yet again we're drawing towards the close of our program with the stock market on the upside. point of interest. if the market closed right there at that level, 20,749, it will be the ninth straight record for the dow jones industrial

average. an if it closed right there, 20,748, it would be the 28th record high for the dow jones industrial average since the election. ain't seen nothing like that before, have you? neil cavuto. neil: how do you know all of these details? tells me you have a lot of time on your hands. stuart: no. see this thing in my ear. called an ifb. interrupting feedback. i have a producer telling me what to say. it is really cool. neil: i don't wear one. i find it annoying when they talk to me. stuart: at night i hear voices in my head but that is another story. neil: i hear you. we're in record territory. this latest push has a lot to do with existing home sales number reach ad 10-year high. real estate looks pretty good. right now the prospects for tax cuts look, very, very good. the president is meeting with his economic team, crunching