obamacare, more than anything, is a jobs bill because the employer mandate in obamacare adds so much to the cost of hiring. maria: that's a good point. arthur brooks. >> if we want to austeri austerity. taking on that and not just discretionary spending. dagen: amen. maria: stuart, over to you. stuart: you've got to give arthur brooks as much time as you want, the guy is a genius. maria: i tried to avoid cutting into your show. >> he's so smart he wanted to appear on my program. maria: you're right. have a good show. stuart: thank you all. it never stops, it never slows down. and the trump rally rolls on. confidence, optimism bursting out. big business, small business, even the federal reserve thinks the economy is looking up.

a rally on wednesday. 20,950 and ladies and gentlemen we're going up from there. half an hour from now we'll be close to or back above 21,000. do you believe the dutch election is helping you money? yes, it is. could be investors like the trump budget. it takes aim at climate change and an ax to government bureaucracy, but he builds the wall and he builds the military. the media is aghast, cutting climate change programs? that's sacrilege. and investors put money into industrial companies and the president waves goodbye to the gas mileage targets, they're gone. in a few minutes you may see a w gh for your 401(k), you'll certainly so new highs for apple and facebook. as issue we're dealing with a tumultuous political scene and as usual the world of money is

ignoring it. do we have a jam-packed show for you? "varney & company" is about to begin. ♪ . >> this new order was dictated to the 9th circuit, in my opinion, false ruling. this is the opinion of many, an unpre unprecedented judicial overreach. stuart: coming on the judge who blocked his new travel ban. here is what that judge said, here it is, because a reasonable objective observer enlightened by the historical context, contemporaneous public statement and sequence of events leading to its issuance would conclude that it was

ordered with a purpose to disfavor a particular religion, in spite of the stated religious religiy purpose. judge napolitano, i think we're on the verge after constitutional crisis. does that ruling mean we can no longer decide who comes into our country? >> not quite, but it means that the authority at that the congress gave to the president it suspend immigration from any group for any part of the country which he or he aloans would be subversive to the united states would need judicial approval as well. the president is superior to the other branches of government with respect to foreign policy, in other matters the three branches of equal. the power that the constitution gives to the president and the congress gives him the tools from which to execute foreign policy and one of those tools is, you decide which of the hot

spots from which we don't want people to come at various points in time and you don't have to give all the reasons to a judge. he did give the reasons to the judge and the judge disbelieved him without a trial, without a hearing on the basis of public statements. stuart: yes. >> fox news, by collaborators and supporters. stuart: that's got nothing to do with following the law. >> correct. stuart: that judge went back and looked at statements, i think by rudy guiliani. >> steven miller, kellyanne conway. stuart: what's that got to do with the law? >> the judge went back and did things, and maryland judge did the same thing at 6:00 this morning a maryland judge ordered a nationwide injunction for a portion, the portion to the sixth country. that looked at things that candidate donald trump did going back to 2015. the supreme court has never approved of using a candidate's words against that person once they're in office. because the supreme court

recognizes, you say things under the hot lights and pressure much a campaign that you might never say or mean once you're in office. president trump says it goes as high as it can go, as high as the supreme court. that means we've got to get gorsuch approved or otherwise-- >> there's a torturous road i would hope they go together at one time. otherwise they're 2000 miles apart. going from baltimore, maryland, to richmond, the fourth circuit and going from honolulu, hawaii to san francisco, california, and three different parts of the country. stuart: i don't care about the legase. i'm sorry, but the bottom line is we can't now control to who comes into our country. >> we do not have the tools the congress gave to the president to exercise that control, correct. stuart: such a lawyer. i know you're legally correct.

>> such a commentator. stuart: you get my point. >> a well taken point, stuart and i share with you the president's disappointment this morning. stuart: disgrace, in my opinion. judge, thank you very much indeed. now, i've got breaking news here from france. an envelope backed with explosives detonated in paris. do we have details? >> we know that one employee, the person who opened that envelope, stu, was injured. received injuries to the hand anded face. stuart: it was at imf. ashley: imf offices in paris and christine lagarde calling it a cowardly act of violence. what's interesting is just yesterday, the german ministry, the finance ministry in berlin accepted a parcel bomb addressed addressed, and for that not exploding, a group in greece called the fire cells claimed responsibility.

no word on claiming one in paris. they're angry for imposing strong austerity measures on the economy. there's a lot of anger, we don't know who is behind the paris bombing yet. stuart: thank you very much indeed. the trump rally rolls on. the stocks shrugging off the travel ban and rate hikes. we'll open higher after a triple digit rally on wednesday, in 25 minutes we're going to be close all over again. $48 a peril. oil guy steven schork told us that 47 would be the low in this go roun well, we're almost at. 49 today. how about gopro, up 11%. better profits williams and sonoma and there's a stock also

going to be higher at the opening bell about 28 minutes' time. moving on to president trump's budget proposal. huge cuts at epa, the state department, labor department and by the way the commerce department as well. however, there will be big boosts in spending for the military, homeland security and yes, there will be 1.5 billion there for building the border wall. joining us now is mercedes schlapp. i'm going to throw two things at you. first, it's a radical shift for the way our government spends and operates money and second it's not going to happen. would you deal with the first one first, please i think that the president has made a smaller government and bigger defense. and veterans health care, school of choice and areas he's

going to focus on. you're definitely seeing a shift away from redundant inefficient programs in the agencies that haven't been really checked on, that need to be revised and a shift towards ensuring that our military is ready, and prepared to deal with the issue of isis, and as well as pushing his agenda, which is that of school of choice and helping veterans. >> i think he takes particular aim at climate change as well. >> yes, if you look closely at it. >> that's one big area. >> i've got to go to point number two. we've seen this before, and the original budget proposal never ends up as reality months down the road. it's always change. >> it's about the negotiation and there's one thing about living in the washington swamp, you'll see both republicans and democrats very nervous about this type of budget. because for democrats, obviously, it's hitting the heart of what they believe in, which is focusing on discretionary spending. hitting a lot of social services programs.

you're going to watch the democrats, stuart. they're going to push on that they've cut on women and children's nutrition assistance and use that has a talking point. on the republican side, conservatives are happy with the budget, where they want the direction to go in terms of less government in our lives and less government spending, quite frankly, but it doesn't handle the issue of nondiscretionary funding, entitlements, social security, medicaid, medicare, which we know is a very, very big issue in terms of how do you do, sort of an entitlement reform. stuart: when those congressmen go back to their local districts, they're going to have a hard time, i think, with this budget and i believe it will change. mercedes, as always, thanks for joining us so early in the morning. got out of the swamp to join us, appreciate that. in seattle, an uber driver careens out of control, hops the curb, speeds into a gas pump, a fireball.

neitr the uber drivenor the passenger in the car suffered injuries. and of course sped away from the gas pump, didn't it? a newly formed group of doctors banned together to fight climate change, they say global warming is making you sick. we're on that one. nearly a third of all democrats have no idea who senate minority leader chuck schumer is. we'll be back. [laughter]

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>> here is a market that's moving. the gold market. very nice pop there. it's up 30 bucks an ounce. that's 2 1/2%. 1231 the price of gold right now. next case, remember, i said just before the commercial break, i said a lot of democrats don't know who charles schumer is. that's a fox news poll found that. i want details. and we all laughed. are you kidding me? in fact, let's look at the new poll.

if you look at never heard of, it's under the heading of opinn of chuck schumer. 31% of democrats never heard of them that's slightly more of all people, including at republicans, 30%. i would say it's pretty disheartening for good old chuck schumer, 26% favorable opinion of chuck schumer overall, 30% unfavorable. and chuck who? >> how can they not know? he's been around since the reagan administration. stuart: not everyone is looking at politics, we live it and breathe it. liz: he's been around for decades. stuart: if you're a varney viewer, you know what he's talking about, you know politics and-- >> really, he's been around for 40 years and people don't know who chuck schumer is, point made. stuart: he's the guy who holds a news conference on sunday morning. ashley: nobody knows it. liz: and washington's most dangerous place in the world to

be, between chuck schumer and a camera. stuart: we've done that one. now this, president trump met with the big automakers this detroit and our next guest owns an autonomous car company, he was in the meeting. john maddox, mobile, president and ceo thereof. an obvious question for you, john, when am i going to be able to walk othe side of sixth avenue, up comes a car, no driver, takes me home. how many years before i get there? >> good morning, stuart, it's hard to say, there's a number of different types of levels of automation. if you're thinking about automation without a human driver in the vehicle whatsoever, in a downtown urban that's probably still, probably two to three, five years away. stuart: okay. minimum of two years away. how about lesser degrees of

automation, i'm not sure what you mean about that, but explain it. >> there's different levels of automation and right now there are vehicles you can take your hands off the wheel and feet off the pedals and the vehicle will drive on the highway, they're in limited numbers, higher end vehicles. level two. level three, hands off, feet off, eyes off the road. that's not quite there yet, but probably coming in the next three to five years along with the level four, low speed. stuart: this is where the money is going and the research is going. obviously, you're in the business and you see this as the future of the automobile, right? >> absolutely. there's no question about it. in fact, it's the future of our transportation system. we will automate vehicle and connect vehicles so they can talk to one another and connect vehicles to talk to the roads, to traffic lights and really, that's where our future transportation system is heading, not just here in the united states, but every major auto manufacturing country or

region is really looking at this technology as a key transformation and i would say that every major auto oem is embracing the technology, they have to because if they don't they'd probably be out of business in 20 years. stuart: i find it when push comes to shove, an autonous car is essentially a shell, which is essentially a computer and there ain't many jobs in building that shell, the jobs are in fixing the computers that run the shell. so not a job creation machine. >> exaggeration, the vehicle has to move you physically from point a to point b. it's still a physical thing, a lot of activity and validation that goes into proving that that vehicle can do that safely and efficiently, but you're right, the computing side of it, the smarts of it, artificial intelligence will many about much more critical and there will be new jobs that are related to programming the vehicles in addition to

designing and building the physical vehicle. there will also be new jobs in servicing and operating the vehicles. you can well imagine if a vehicle does most of its movement, most of its time without a human driver, someone has to be monitoring the condition of that vehicle from afar. stuart: look, we were just. and the president went to detroit, met with you and seized the future, looking at autonomous car. john, i'm out of time and that's fascinating. come back again, please, we'd like to hear more. >> thank you very much. stuart: let's see where we are now. we are, news alert, what's this? hillary clinton really is considering a run for the mayor of new york city? we're on it. check those-- where is the market going to open? it's going to open higher. how about that. this could be the start of maybe the second leg of the trump rally. we'll be close to 21,000 in 11 minutes. online u.s. equity trades...

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>> i think this is worth taking another look at. you don't see gold move this much often. today is un$30 an ounce. holding at 1,231 per oun. a big move. looks like the trump rally will roll on when the market opens this morning. joining us now is the business professor from the king's college in manhattan.

brian, i think a couple of things going on here. number one, optimism, bursting out all over. and number two, the dutch vote, and however you pronounce it, came in a distant second. populism may have peaked, the markets likes that. what do you say. >> i think the fed decision is bigger. stuart: forget about those. >> who? >> i know you don't like that. they gave the investors a dream scenario, they said we think the economy is strong, we don't think it will grow as fast as we'll be more dovish, the money is going to be there, more growth in the fed and good times ahead, the problem is if the fed gets behind, that's the only concern. short-term benefit for the markets, b markets, but potentially longer term than-- this is growing faster than we thought. stuart: the fed was important,

it went straight up after. i'm not dismissing the federal reserve, i'm sick and tired of talking about it all day long, you know what i mean? are you discounting the dutch vote? [laughter] >> no, here is what i think is important. ashley: never do that. >> i'm looking ahead from dutch to france and the policy is she is talking about increasing welfare spending, taxes on imports, talking about cutting taxes. from a budget perspective it doesn't make sense and doesn't solve france's fundamental problems, you can't start a business. it's easier to start a business in uzbekistan than france. stuart: you are agreeing with me, that the dutch vote, populism may have paused, and may affect the french vote, you don't want marie la penn. >> perfect reasoning, you've got it.

stuart: we've got four and a half minutes to go before the market opens up, 40, 50, 60 points. we should be around 21,000 when the market opens up minutes from now. we'll be back. ♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you.

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session. we might just hit pretty close to $21,000 or even go above it, we closed yesterday, thanks for the sound effects, ash. ashley: excited. stuart: close add the 20,950 which means you get a 50 point jump at the opening bell and bingo, you've hit 21 is,000. here we go, 9:30, off and running, up 34 points. 20,974. 24 points away, from 21,000. plenty of green on the left and red, too. it's a mixed market as we open up 36 points. look at bank stocks, they've had a terrific run since the election and they all took a hit yesterday, a very modest bounceback as of this morning. the financials were the worst performers yesterday back up just a little bit today. now, take a look at apple, alphabet, facebook. all of them at or near or above their all-time record highs. apple and alphabet are at

all-time record highs. important point, apple is a the $140 a share and facebook is almost there. this is turning out to be a big day. we're at 20,987 on the dow as we speak. ashley webster is here and so of course is liz macdonald. john layfield, scott martin complete our team for this coverage, could be this historic morning. all right. is this, 'cause we're up, is this the second leg of the rally? i'll start with you, scott martin. >> stuart, i think it is. now, here is what's funny about this second leg of the rally, this is actually fed induced with higher interest rates. that's the most interesting comment i think we can make here today. the market can now handle higher interest rates because the fed is back in the picture saying the economy is turning around. we're getting momentum. higher wages are coming. this is what the market has been waiting for.

stuart: john layfield, is this the second leg of the rally? >> i agree with scott. remember, last time interest rates raised was in 2004, the first two months the market was down, it was up 35% over the next two years, just because you have a rising interest rate environment doesn't necessarily mean the market is going down. i think that scott is right about the economy turning around, this is a valid sign of that. the biggest thing on the table, corporate tax reform we're promised by labor day, if we get that, the market definitely goes up. stuart: ever since november 8th, most of the people who have appeared on the program said, yes, this is a solid rally, it's going to keep going up. the market wants to go up. liz, are you in agreement with that or are you going to throw some cold water. liz: i think it could turn around. stuart: wait a minute, what did you say. liz: i think that it could turn around if the trump administration gets distracted by the wiretapping stuff and doesn't get the agenda through. watch both the s&p gone without

a 1% decline the longest since 1995. stuart: that's astonishing. liz: that we're in this market range right now. stuart: you have to believe sooner or later, you get the 1% decline. statistically, that's what you look at, but you, brian, think it's a fed-induced rally. >> it's fed high pressure -- it's fed-induced. and what about health care reform? potential delay there, it's got to get to the house budget committee and they and the senate want different things. it's almost impossible. we are not talking about tax refrm. stuart: we've been saying that since january 20th, political turmoil, in the extreme, and the market keeps going up. >> it's stalled out at times and this has looked bad. it moved up again with the fed. give it tame here, we've got a lot of uncertainty. liz: even north korea firing rockets didn't stop this.

stuart: actually, when you think about it. what have you got to say, ash. ashley: it's the dutch elections, let's be honest. stuart: thank you. [laughter] >> president trump wants to get rid of the aggressive gas target mileage from the obama era. that looks like it wiwill be a t with the greenies. the greens. liz: it sets off a fight for the green car movement. tesla, the chevy volt, the toyota prius those sales are up 60% year over year, those sales. and even ford is moving to make lighter f-150 trucks with military grade alloys. i mean, wow, what a turn around, if the president gets this through. stuart: it's clearly good for the auto maker stocks. i mean, the president was in detroit, goes to talk to the automakers, no more of this gas mileage stuff, let's get rid of that and auto maker stocks went up yesterday and today. and largely.

it's a plus for detroit, isn't it? >> this is a thing that could bring production back to the u.s. automakers are moving across the border. stuart: really? wait a minute. >> yes. stuart: you're a professor of business. you could see car manufacturing jobs to america big time or dribs and drabs there. >> i could s pduction coming back. ey're moving across the border because the fuel economy standar standards-- >> john layfield, automakers are industrial companies, do you like them? >> i own gm and ford, yes, i put my money there, 5% yields. i think we're going to advanced manufacturers with course-- cars, and that's computer on wheels. elon musk, and that manufacturing can come back. stuart: that 5% yield, if i put my money to gm or ford, they

pay me a dividend of 5% per year and that's dead safe? that's interesting. any takers on that one. >> mighty tempting, isn't it? >> if you think a 1% drop is coming or a correction is coming, what's wrong with a general motors or a ford that gives you 5% and they'll pay you regardless what happens to the stock. ashley: that's good. stuart: okay. let's see now, what, tesla, can you show me tesla? i think it's up this morning. yeah, it is, 3.59, 2.59 on tesla even though the gas mileage standards are gone and gasoline prices are coming down. brenberg can you explain? >> tesla is a longer term play. i don't think it's bad for tesla. it might be bad for the marginal electric car company, it's not bad for tesla. it's more good news for traditional detroit than bad news. stuart: we're six and a half minutes into the session and we did not yet hit 21 is-- 21,000.

20,990 and change and now we're up 30 points. 20,980. individual stocks in the news. williams-sonoma, know it well, higher profits, raises the dividend. it's up 2%, yeah, roughly. 49 on williams-sonoma. weaker profit, weaker revenue at the clothing retailer guess. oh, taking it on the chin. 13% down. i wonder if that's part of the retail ice age story? may be. next case, more money coming from oracle, doing well with the cloud business, just like amazon, just like microsoft. oracle up a phenomenal. that's a huge company and they're up 8%. you don't see a gain like that often, do you. liz: no. stuart: scott martin, do you like oracle with an 8% gain? >> yeah, we love tech, stuart, we own a lot of our nasdaq indexes in our portfolios of which oracle is a part. as you mentioned, web services and cloud base benefits

companies like orcle. and now the oracle news is a great reason to own nasdaq, ie tech stocks. stuart: got it. how about gopro? they're cutting jobs and produced something of an upbeat outlook and okt the stoc a 11% gain. john layfield, i'm going to ask you about gopro, you've often called it a one trick pony. they're cutting staff and got an upbeat outlook, it's up 11%, would you rethink your opposition to gopro? >> i would rethink at these prices. this is the biggest stock mistake i made buying gopro. i think they're a one trick pony. and with an iphone you want the next generation, but might not want the next camera. i'm worried about the iphone competing with it, but look at the prices. stuart: did you lose your shirt?

>> lost my shirt, tie and cuff links. it's the worst stock pick i've made if five years. stuart: people express i lost my shirt. boston market lost my shirt. such is life. here it is, the amazon story of the day. they're now delivering wine and beer in ohio. they're the everything company. liz: just in time for march madness. if you want it in an hour you pay $8. if you want it in two hours and-- >> wait, wait, wait. i'm in a city in ohio and want my boost fast and i pay amazon how much? $8. liz: $7.99 in one hour. stuart: to deliver my booze in one hour. ashley: the question will it do for the liquor store to the bookstore, it gets into this area. stuart: i can't believe that. ashley: it's raining beer in ohio. [laughter] . stuart: let's move. stay on tech, apple, alphabet, facebook, update, please, i believe we're at or close to record highs for all of them. 140 on apple.

almost 140 on facebook. john, do you like any of them? are they now too expensive in jump in. >> i like apple and owned it before it was $100. a great profit right now. and i'm holding. they have seven hundred billion in cash. if they can repatriate that under president trump, they could help r & d. and the recurring revenue is on apple. stuart: scott, do you any of them, would you buy any? >> like john, we have them and if you're at home listening to us discuss about the markets at high levels and worry about rates and this is a time when you buy leaders. if you have new cash you want to put to work, there's no reason to be speculative. buy the leaders and heavy cash flow companies, those are the ones we mentioned. stuart: no question, that's where the money has been flowing for a long, long time. now, let me raise the issue of canada goose. you know, they make those very

expensive down jackets, the one with the red patch on, the circle there. they're going public and i don't believe they have fair theirs trade yet. does anybody around the table like the idea of buying into canada goose stock? what do you think? >> how is that not a fad? i don't like it, i think it's a fashion trend that will tail off over time. >> john? >> i think it's too much of a niche market. and i don't need a coat. stuart: canada goose. [laughter] >> i don't own a coat. stuart: i don't own a coat. thanks very much. [laughter] >> last one, you, scott. you're going to buy canada goes when it opens? >> no, i'd like to get brenburg in one of those and take a picture. ashley: he's up for it. >> the trouble is, they're a bit of a fad. you don't get them. sometimes it's 50 in june in chicago plays well to the brand, but they need to expand warld wide and there frankly

isn't the demand given the climate situation. stuart: we don't like canada goose, we don't like-- thank you very much indeed, gentlemen. good stuff. check the big board, we did not hit 21,000, we're close, real close, up 32. senator ted cruz says the congress has a chance to be one of the most productive in history. as long as his fellow republicans don't, as he says, screw it up. we'll hear more about that in a moment. ♪

>> we're close for the benefit of our listeners on satellite ray radio, we're up 40 points. 9 points away from a return to 21,000. let me keep that up, maybe, while i reveal this to you. we've got a new poll, americans, that's us, we want the president to tweet less. . ashley: we certainly do, apparently according to a fox news poll between march 12th and 14th. what about president trump's tweeting. approved 16% wish he would be more cautious 32%. boy,here you have it, half those surveyed said, no, disapprove of the tweeting. stuart: yet, when i said that on the air, we got an avalanche of viewers who said what's wrong with this. ashley: i know, i know. stuart: now this, reports reveal that hillary clinton may run for new york city mayor, may run after all. liz: this is from tmz. that hillary clinton was at a

small gathering a circle of friends in new york city, and taking a close look at it and ask her circle to measure the level of interest and sport to a potential clinton candidacy. stuart: i'm surprised she's interested. when you've been the first lady for eight years and united states senator and leading candidates for the democrats, within a hairs breath of being president, how do you treat and want to be the mayor of new york city, i don't quite understand that. liz: here aide is shooting that down. she did suffer a humiliating defeat in november. is this the way to rehabilitate her political career? >> well, it's back in the news again and of course, we're covering it. now this, senator ted cruz says the current congress has the chance to be the most productive in history, only if republicans don't screw it up. listen to this. >> i believe we are poised for 2017 for this to be the most

productive congress in decades. now, wcoul easily screw it up. stuart: yep. former republican senator from south carolina and man who runs the heritage foundation, jim demint. welcome back and great to see you. >> hey, stuart, great to be with you. stuart: hate to break this to you, if republicans don't come together on the current legislative agenda we're not going to get tax reform and the trump agenda walks away and is destroyed. so will conservatives like you bend a little on obamacare and get an agreement quickly? >> we certainly will bend a lot if we can move our health care system in the right direction. we don't want to create a new federal entitlement without the drivers that have pushed costs up, stuart. this first pass the house has introduced will not lower the prices of health care and

health insurance and there are some amendments that could certainly make this bill better our preference would be that they pass the repeal bill as they did in 2015 and then begin the process of improving the health care system that we have. if they're going to keep the version that they have in the house, they need to be improved or it's not going to pass would you vote against it and allow the continuation of obamacare, would you flat-out stop reform? will you stand on principle and vote no on something like the ripe plan, even if it's amend? >> if it's amended in some of the ways we've suggested, stuart, i think we could certainly say it's a step in the right direction. stuart: if it's not? >> and senators and congressmen could go for it. stuart: if it's not? >> the way it is, i could not vote for it, i think it creates a new entitlement and does not

bring the cost down. stuart: that brings did down, don't get obamacare fixed and delay tax reform forever. you know, are you prepared to do that? >> it's not a good situation. i think the leadership can do that. fortunately president trump has been open to the suggestions that we've suggested about medicaid, about expanding health savings accounts, and other things that we know will improve the bill. so, i'm optimistic that president trump is going to push the house to adopt some of the changes that will bring a lot of conservatives to yes on this bill. stuart: okay. as they say, you're not supposed to say this in journalism school, only time will tell, but i'm going to say it because we still are in the negotiating process. stuart: please do not be such a stranger to "varney & company." we'd love to have you back. >> thank you, stuart. stuart: see you later. check the markets, we still have not hit 21,000. we got close.

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doctors, they're uniting against climate change. they say it makes you sick. three-points, a, it causes increases in asthma and heart problems, b, spreads diseases like sika and lyme disease and exactly your mental health. >> it includes 12 big medical groups, including the american college of physicians which i'm a member of and no one asked me. they said half the doctors in the united states, there was never a survey that asked us. i'm resigning. stuart: you should. addressing point number three, climate change makes you mentally ill, what? >> listen, i wrote a book on fear. i think the thing that makes you worry and anxious and depressed is your perception, oh, the climate is warming up, i'm worried, worried, worried. fear drives this.

and one single days like the huffington post points out a nine-year-old that was struggling up a little and overcome with dehydration, what does it prove anything, one nine-year-old because d.c. had a hot summer that somehow is connected to global warming? that's how they do it, fear mongering. stuart: so you doubt the link between medicine and climate change? >> well, i look for scientific reasons. zika virus, you know why zika virus is exploding all over the caribbean because in puerto rico they won't spray. they spray in florida and they're getting rid of it. and they won't spray because of agent orange at the vietnam era and they won't spray. stuart: and doctors say that climate change enhances epem, t true? >> not true. if it's warm out mosquitos thrive, but especially thrive if you don't spray. so, i'm all about public health

measures here. now, if it's hot, you can get more asthma, but you get more asthma if there's more air pollution, too. stuart: i've got it. >> you've got to look at the scientific reason for something. we may have some warmer summers right now, but that's not the reason we're having a zika outbreak and a kid is struggling dehydration or asthma. stuart: the greenies have taken over this. >> i'm not a member of that consortium, it's about air pollution, it's about people worrying. and you'll talk in the next hour about climate change. stuart: yes, i am. thank you, sir. president trump does indeed take aim at go of the spending and what's his top priority? cutting back on programs for climate change, the battle lines are drawn. my take coming up at the top of the hour.

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stuart: president trump has taken aim. he has a lot of targets surely but looks like climate change is top of his list. consider this. he wants a big cut in the state department's budget. got that. but dig a little deeper and you will see he would eliminate climate change initiatives at the state department. they had been a big part of our foreign policy but not under president trump look at the epa he is taking an axe to that budget, cut by a third. the epa under president obama was all about climate change. it was the climate change department. it will have a very different role under president trump. one more. president trump will drop the draconian gas mileage standards imposed right at the end of the obama era. that is not hit on the greens and their climate agenda. now in some quarters saving the planet is a religion. so, repudiating the climate

crowd is sacrilege. they will fight with the vigor of the true believer. they will wage a holy war. you can expect a lot of leaks from obama holdovers at the epa. here is another battle line drawn by this new president. this fight will be perhaps the bloodiest of them all. second hour of "varney & company" is about to begin. ♪ stuart: all right. it is thursday morning, 10:00 eastern, we've got the latest read on mortgage rates, liz. liz: 30-year at 4.3%. that is a three-year high. people are racing to lock in rates. mortgage apps and refi's coming in, still lower than the year prior. look at action in the homebuilders, in the green. stuart: this is what realtors like to hear. even though mortgage rates are going up, mortgage applications picking up.

home sales picking up. liz: that's correct. stuart: it has not put a dent in that line of activity just yet? liz: that's correct. stuart: 4.3%. looking at some individual stocks go pro-is a winner up 13% t will cut back on jobs and an upbeat forecast. that stock is way up there, 13% higher. >> there is a big move for oracle, you don't see a big move like this for a company its size. oracle up 8%. there is more money coming in. they got a big boost from their cloud business. oracle is the best performer on the s&p 500. speaking of tech companies, here are the big names we check all the time, facebook, apple, microsoft, alphabet, netflix, all of them at or near all-time highs. the news from amazon this morning is this. there are expanding alcohol delivery in ohio, wine and beer, within the hour, in a city in ohio, if you pay them eight bucks. that is just in time for march

madness, i do believe. back to my take on the president's policies. i think he is taking direct aim at climate change. columnist, lisa booth is with us now. >> good morning stuart. stuart: stuart: around am aright? >> he should. under the obama administration. the epa expanded dramatically. thousand of new rules under president obama. tens of billions of dollars of annual costs that came with the rules and regulations. the epa under president obama essentially tried to write legislation with the clean power plan. president obama's legislation never got passed in congress. epa tried to move forward essentially with that legislation. it is positive mood for president trump to roll back the expansion under the previous president. stuart: lisa, will he get it done? the opposition, i said climate

change, the environment is a religion to some people. they will fight it like fighting in jihad or another. i don't think the president will get all he wants on the climate change issue. what say you? >> i don't think he will get what he wants in anything. we're seeing it play out in the health care fight and the tax reform. republicans do not have a filibuster-proof majority in the senate. no republican will get everything they want. that being said, there are senate democrats that president trump could look at to try to push on climate change issue, senators from more of these red states, where they want to see roll back on some of those regulations that have been hampering job growth in the country, particularly looking at a state likes with virginia with joe manchin. there might be room there in regards to the climate change specifically or at least the rolling back of regulations. stuart: i do believe it women be the bloodiest of all fights. >> we'll see, stuart. stuart: thank you. left-hand side of your screen.

we just hit it, 21,000. we made it. that is not the all-time high for the w. a coupleundred points away i think we are. li that's coect. stuart: information we hit 21,000 the day after the federal reserve raises rates, probably three times this year. the market likes it. just after the dutch election which i will never mention again. ashley: all about the dutch election. stuart: all about the dutch election. hours before the president's executive order on travel was to take effect, hours before it was about to take effect a federal judge in hawaii blocked it. now a judge in maryland has followed suit. the president though, not backing down. watch this. >> this new order was tailored to the dictates of the ninth circuit's in my opinion flawed ruling. [cheering] this is the opinion of many, an

unprecedented judicial overreach. this ruling makes us look weak. stuart: "the hill" columnist and sirius xm patriot host david webb joins us now. >> morning. stuart: i think we have a constitutional crisis because the judges hoare have introduced politics into the law. that would be my opinion. and yours? >> they have actually decided they're going to make policy. that is what derek watson did in hawaii. his basis for this is that there is some religious discrimination. there has never been a religious test in the first order or this order which is a narrower scope. it is again the right of the president to determine that. i would encourage everyone to go to 8 u.s. code section 1182 on inadmissible aliens. because the judges are trying to it will you, on the left and chuck schumer, nancy pelosi and the democrats are trying to tell you that the something that the constitution says otherwise. stuart: the judge in hawaii went back and looked at statements

from rudy giuliani, from kellyanne conway, from candidate trump, before he was even a candidate in 2015. brought out those statements years in the past and said that's why we're blocking in order because it was geared towards muslims. i have never seen anything like that in judicial history. >> not only that. think about criminal prosecutions. are judges allowed to go back in a person's entire history, use anything and cherry-pick they want in a criminal prosecution? they're not. why would they be allowed here? they're not. stuart: that means the president wants to take it to the supreme court. that means a huge fight about judge gorsuch nominated to the supreme court. >> i think, i don't think it actually goes there. i agree with jay sekulow who has been talking about this for the past couple of days on this channel and on the news channel. if this goes to the court, those judges will look at it on the

constitutional right, and it is very clear in u.s. code the powers granted to the president, when it comes to determining immigration. these judges are making policy. they will be overruled. it will strengthen the president's position but i would caution these judges and the democrats, that should something happen from the people that are allowed in this country, the blood will be on their hands. that will be a political backlash against the democrats. stuart: you know, i'm going to change the subject totally. we would be remiss if we didn't follow up on nbc, msnbc and rachel maddow's so-called big scoop. two pages of president trump's 2005 tax returns. actually made the president look good. that is my opinion. well the leftist spin continued last night. watch this. >> ultimately in terms of the content of that tax return there is nothing particularly embarrassing or scandalous in the tax return itself. i mean one of the things we have seen is tax experts an analysts

gone through the two pages there are some questions raised about, questions raised through this return about whether or not donald trump's tax policies as president would put millions of dollars into his own pocket. [laughter]. stuart: is that a stretch or is that a stretch, david? >> that's a stretch, actually, sorry, monumental proportions. >> that's a stretch. >> a 12-year-old could read the two pages and get it right and rachel maddow can't because she doesn't want to. this is geraldo, sorry, geraldo going after al capone's vault and finding nothing in there. this shows donald trump paid in one year 38.1 million. the obamas paid 6 million in 15 years? who is paying more into the tax code? democrats like to collect taxes. trump is helping them with that cause. liz: trying to bury donald trump in speculation without facts. stuart: that's true. all speculation. liz: like thoughts are facts

over there. that is -- >> it is conjecture. it is not even thought. liz: because an accusation becomes tantamount to a conviction. they're not doing journalism. they're not reporting facts. >> she is not a journalist, to be fair, rachel maddow is not a journalist. stuart: she went to great lengths to say in 2005 that is when donald trump married million lawn yaw. that is why the tax return had to be gussied up in one year. liz: if that is the case why didn't they report that the first night they did the story? by the way the immigration officials, they're looking at donald trump's return, oh, you paid zero taxes, so you million lawn yaw can't be a sit -- citizen. where are the producers reining her in? this is failure at network level that there are no checks and balances. stuart: we're having fun with this. liz: i want fair. i want to be fair. >> if you want fair going to rachel maddow is not where they're going to get it.

that is why they failed as a network. stuart: look at this, everybody. trendy -- >> i think it is president hot. emac is pretty ready to go here. ashley: it is the jacket. stuart: canada goose. they go public today. by the way there is a big protest right outside of the new york exchange. because ever fur collar. ashley: made from coyote. the coyotes are trapped and. >> i protest canada geese. stuart: there is the protests going on about the fur jacket. that is not that big. ashley: no. stuart: 30, 40 people there, tops? stuart: yeah, that's it. company goes public today. we have not yet seen, i don't believe we've yet seen the first trade. lizzie? liz: fine to have protests free speech. i'm worried about products made off of animals. i personally don't like it.

>> that looks like my size. stuart: something coletely different. wel call this the video of the day. is is in slomoti. a train pulls into a snow-covered operation, in new york. the train plows into snow on the tracks. the snow goes everywhere all over the commuters waiting on the platform in a storm. oh. that is grim. liz: there is ashley. stuart: president's new budget asks for billions of taxpayer dollars to build for the wall. what happened to mexico paying for it? congressman steve king a fierce advocate for the wall, will tell us who will pay for it next. ♪

>> we have a trade deficit with mexico. they will pay for the wall. they will be happy about it. by the way, who will pay for the

wall? who is going to pay for the wall? >> mexico! >> who is going to pay for the wall? >> mexico! >> who is going to pay for the wall? >> mexico! stuart: i'm sure you remember that. the president's new budget has 1 1/2 billion dollars of our money, taxpayer money set aside to pay for the wall. come in, congressman steve king from iowa who knows a thing or two about building the wall. congressman, who will pay for the wall, my taxpayer money? >> in the end it will be mexico that will pay for the wall. i laughed a little bit because i missed the trump rally. that must have been fun. stuart: how will you get to do that, really? >> there are a lot of ways to measure this. one i don't think it is good idea to slap a 20% duty from mexico. that multiplies out to $54 billion a year by my math. that is a lot of money and would

start a trade war. a lot of ways to make this happen. remittances out of the united states down to mexico. some of that is lawn dered the drug money. confiscation of drug cartels that can go against the wall. there are other ways to measure it. black & decker will rebrand and move their operation to the united states. ford is holding nearly a thousand jobs to america. start doing the math on that and found out the multiplier effect of tax returns. there is a lot of ways, stuart. stuart: i got it. that is a little sideways action. >> correct. stuart: something more serious. congressman, house speaker paul ryan says while republicans do have control of the house, as a matter of fact, and white house, when it comes to passing health care reform, reform of obamacare you guys can still screw it up. watch this from senator cruz. >> i believe we're poised for 2017 for this to be the most productive congress in decades. now, we could easily screw it

up. the house has a current bill that personally i don't think gets the job done. stuart: i mean, you're on board with this you could, the republican party could screw it up. if you don't get obamacare replaced and repealed, then you don't get a tax cut in place, you could really fall apart. i'm sure you're all aware of this? i'm sure you're aware of urgency here? >> this is completely true, stuart. one thing i can't do is go tell americans we repealed obamacare unless we repealed obamacare. so to say those words i have to you qualify them under the bill that is in front of the house. i agree with ted cruz of the we need to keep our word and fully 100% repeal obamacare. in fact i introduced that legislation again. it has passed every congress since 2010 except this one. the full repeal. and so, but looking at that, if the promise is that in the third phase of this there will be things that we'll need 60 votes

for like selling insurance across state lines, tort reform, we'll get that done with political leverage in the tail end, if we can't get the full repeal done with political leverage and get 60 votes in front end, how will we get the things done in the back end when the urgency is gone? that is important political question i don't know has been addressed here in the political dialogue. stuart: congressman, thanks for joining us. always appreciate it. >> always a pleasure. thank you, stuart. stuart: news from mcdonald's a nasty tweet from president trump. ashley: went out at 9:15 @realdonaldtrump. you are disgusting excuse as president. we would love to have barack obama as president. you also have tiny hands. stuart: was that a hack. ashley: it could be a hack or rogue employee. it was up for 25 minutes before it was deleted. we put in request to mcdonald's. we have yet to receive it that

was a nasty tweet. stuart: that is nasty tweet, guerrilla tweeting warfare. ashley: it is. stuart: new poll that he reveals about 1/3 of democrats have no idea who charles schumer, democrat leader of senate, they don't know who he is. meanwhile hillary clinton, "tmz" reports she is seriously considering a run for new york city, mayor, that is. she would be up against bo dietl. more "varney" in a moment. ♪

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mean-spirited and un-american. stuart: that was senator charles schumer. he leads democrats in the senate. he appeared to be in tears talking about the first executive order on the travel ban. now we have a new poll, very interesting. it finds that, i think it is 31% of democrats, who were polled, 31% of democrats never heard of chuck schumer. david webb, i find that surprising. >> i don't. stuart: no? >> the sad part having traveled around america and interviewed people through the last two years of the election cycle, more and more people don't even know who their political leaders are or their elected officials. that is actually a problem in this country because they are so disengaged from the civics that they buy the headlines and the tweets. stuart: you and i, all around the table are involved on politics daily basis, hourly basis, we follow it closely, we know who they are.

you're right, there is divorce between our polical leadership and knowledge thereof amongst the population. how about this one? one more poll. this poll found more americans want president trump to tweet less. 50% disapprove of his tweeting, flat-out disapprove. >> you know it, i'm not surprised by that but here's what i do say, whether he tweets less or more, i need him to tweet effectively. if he is going to put out a tweet about something, link it to something on the white house website or a source like the rnc speech. use it as a tool to go past the media to the american people but back it up and support it in the story. stuart: the big problem was that 6:35 a.m. saturday morning tweet where he said president obama had ordered the bugging of trump tower. >> that was the problem. it changes the news cycle. we don't get substance. liz: accusing president obama of a crime. now it is also saying, administration saying he was speaking figuratively, not literally. stuart: doesn't matter. you're in deepwater.

>> people don't read it into weeds. they get what is there in 140 characters. frankly what we have to do smart doing what cheryl atkinson and others talking about how they were being surveiled in some form. let's talk about the real issue. stuart: quickly, netflix, brand new all-time high. i think it is above 145 right now. that is netflix charging ahead, 5.61 newll-time high. we have this for you. socialist professor caroline hellman, said successful people should pay up, i think she said, 60, to 80% should be the effective tax rate. my next guest to our next guest would be what would that do to our economy? meanwhile governor mike huckabee, he has been on twitter mercilessly mocking rachel maddow on her trump tax reveal. he says journalism on cnbc has hit a new low.

we'll hear about that from the governor. ♪ whoa, this thing is crazy. i just had to push one button to join. it's like i'm in the office with you, even though i'm here. 's almost le the virtual reality of businescommunatio.

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stuart: nasty anti-trump tweet was sent out from mcdonald's this morning. we didn't know whether it was an errant employee or it was hacked. just confirmed. it was a hacking job. kind of guerrilla hacking if you ask me, anti-trump. got it, dealt with it. yesterday on this program i spoke with socialist professor from occidental college. i asked what was appropriate rate for someone who is a very high income enter. watch this. >> i have no issue returning to something that looks like the

system of taxation under eisenhower or under presidents in the '60s. stuart: how much would that be? >> i would like -- somewhere between 60% or 80% for people who make incredible amount of money. top 1% i would like to see them taxed at much higher rate because they can afford to pay it. stuart: 60, to 80%, right off the top. economist brian wesbury is with us. what would a 60 to 80% tax rate do for the economy? >> stuart it would be awful. couple things real quick, if you went back to the 620's, and '50s, tax tes, no one paid them. there were massive deductions available. this idea somebody paid 60 to 80% of their income in taxes it is not true. it never ever happened. we got about the same revenue back then as a percent of our economy as we do today with half those tax rates. stuart: okay. >> number two, if you really want to go back to the '50s

and '60s, our federal government, without defense, our federal government spent 6% of gdp. today it's 18%. it is, our government is three times bigger. so-and-so, in a way i will go back and take the '60s with big deductions all of that, but give me that spending. we didn't have medicare. we didn't have medicaid. that was crazy environment with those kind of high tax rates. stuart: i want to ask you about the mood, the economic mood of the country. >> yep. stuart: seems optimism is bursting out all over. big business, small business. consumer confidence is very, very strong. >> right. stuart: that seems to propel us towards better growth. you're an economist. what do you say? >> yeah, i don't believe confidence itself actually boosts growth. what boosts growth is entrepreneurial activity, investment, work effort. for that you really he need changes in policies. the good news we have frozen regulation. that's great.

as long as it is not getting worse, that is a really good thing for the economy. we've put a hiring freeze on for federal government agencies, which is good. that means spending is slowly but surely flat-lining over time. we have a cut spending and tax rates. that is the way you verify this confidence. if we do that. the economy will grow faster. i think we'll grow a little faster this year but we need real policy change before i can guarranty growth is going to stay strong into the future. stuart: let's hope we pack tax reform and deregulation into this year. there is some doubt at the moment. >> exactly. stuart: brian wesbury, thanks for joining us, sir. we appreciate it. we have more on nbc, msnbc and rachel madw's report on the president's tax returns. liz: parent found out about the story when everyone else on

twitter when rachel maddow tweeted around 20 to 8:00. second thing they're upset about top execs, upset with msnbc, they hyped the story, under delivered and also treated it like breaking news. if it is breaking news, why did you wait so long to break the news going 20 minutes into that broadcast? so bad blood now percolating apparently between nbc and msnbc. stuart: what a shame. thank you very much indeed, liz. liz: sure. stuart: let's bring in governor mike huckabee in on that. i'm laughing about it, i don't think i should. journalism is at stake here, isn't, it, governor? >> journalism has jumped the shark. i don't think we see much journalism anymore. let me tell you the simple test. one i used to apply when reporters were writing about me and election f i read the story and i can detect what that reporter thinks of me, that is not journalism. that is editorial.

when i read a news story i have no idea whether the reporter likes me or not, that's journalism. you almost never read a story today, or see one on television in which you don't know what the reporter is thinking about the person they're talking about. that is not journalism. that's editorial. stuart: it's a sea change, isn't it? used to be the news section of a broadcast or a newspaper and the news section was what just happened, when, why, and how, all the rest of it. but nowadays you have the editorial, the opinion section bleeding right over into so-called news programs. so everything has a political bias to it. we've come awfully long way in really short time i think. >> we really have. look at days people like walter cronkite were broadcasting. we know walter cronkite was a flaming liberal. you frankly didn't know that on cbs doing the news every night. he kept those opinions to himself.

everybody thought he was america's grandfather delivering to us the stories you about he did it in a straightforward way. you don't see that hardly anymore. whether a lifted eye bro or tone of voice. what rachel maddow did the other day was a total meltdown. interesting enough she said i'm not activist, i'm a journalist. i'm thinking not anymore you're not, rachel. sorry. i will be honest with you, i always liked rachel maddow for this reason. she has been pretty honest who she is is and what she stands for. i can appreciate that. but what she did the other evening was absolutely laughable and when even stephen colbert makes fun of you, fellow liberal, you know you had really a meltdown. stuart: i think you summed it up very, very nicely there. you know you got a meltdown when stephen colbert makes fun of you. governor, i like you. i hope my reporting shows that. i think you're all right. governor huckabee, everyone.

thank you, sir, for being with us. president trump says the assault on automakers is over. coming to an end. roll tape. >> the assault on the american auto industry, believe me, is over. it's over. [applause] not going to happen anymore. we're setting up a task force in every federal agency to identify and remove any regulation that undermines american auto production and any other kind of production. stuart: cheryl casone, joins us now. spell it out. what is the president going to do for detroit? >> three key things are at play here now. the rollback of regulations which he promised to. institute a midterm review at epa. that means they will address epa regulations. remember he is cutting the budget about 25%. they don't need that money anymore if they continue to attack the auto industry with emissions standards frankly unrealistic and unachievable.

many auto ceos are telling him that right now. he has a secret weapon in elaine chao. hoare's why. remember what she did. right now she is the transportation secretary. what did she do under president bush. was her job then? stuart: labor secretary. >> labor secretary. she has two areas of expertise, donald trump is president trump listens to people. i interviewed him. he listens. he is taking those two key pieces of advice from her on jobs and also on what can be done within the transportation department and the auto industry. this is very, very good for automakers, very. stuart: the auto stocks went up period, across the board. >> i think the industry is about to turn itself around. stuart: left-hand side of the screen, this is the irish prime minister i believe. this is march 16th, the day before st. patrick as day. he is arrived at the white house. meeting with president trump. there is a dream of leaders going into the white house.

the prime minister of ireland is one of them of the just arrived. that is just happening right now. ashley: should be interesting conversation. he has been pretty critical of donald trump, president trump, mr. kenny has. stuart: he has? ashley: calls his policies dangerous. stuart: really? >> liz: they will need green beer. stuart: how many times i said this. i would love to be a fly on the wall. ashley: permanently a fly on the wall. stuart: otherwise known as a microphone [laughter] sorry folks, total change of subject here. i have some okay shocking video for you. it is from birmingham, alabama. a kidnap victim escapes from the trunk of a car. she had been forced there at gunpoint. she was there for six miles while her attacker used her bank cardt sevel m machines. you have seen th. woman makes a jump to safety. the police are looking for her attacker.

we turned negative on dow jones industrials. we were up 60 points. backed all the way down seven, off as we speak. no rest for hillary clinton. there are reports that she wants to be yes, she does want to be the mayor of new york city. former new york city police commissioner bernard kerik on that possibility next. ♪

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for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis. ♪ ashley: and now this. a federal judge in hawaii blocking president trump's revised order on immigration. judge andrew napolitano says president trump's authority is being watered down. roll tape. stuart: does that ruling mean we can no longer decide who comes into our country? >> not quite but it does mean that the authority the congress gave to the president to suspend immigration from any group or part of the country which he and he alone determines would be adverse to the national security of the united states has been watered down to add, which meets judicial approval as well. you see the president is superior to the other branches

of government with respect to foreign policy. in other matters he is equal. the three branches are equal. ♪

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that is the jacket they make. it is kind of expensive. the stock went up about 40% right from the get-go. the first trade was just a couple minutes ago. it went off at eight, it reached 18. it is now at 17 and change. 35% higher. how about that? socialist democrat senator rnie sanders is commenting on the president's budget proposal. liz? liz: calling it morally obscene and bad economic policy. it will cause devastating to pain to people trump promised to help during the campaign. for this budget to pass you need 60 votes, meaning eight democrats. saying it will hurt early derly americans and the poor. stuart: he won't vote for that particular budget which won't be in that form. it will be totally different by the time it gets to the president. canada goose up 16%. got it. a federal judge in hawaii puts the president's revised

order on immigration on hold just hours before it was about to take effect. by the way, a federal judge in maryland has followed suit. the president though, he is not backing down. watch this. >> this new ordered was tailored to the dictates of the ninth circuit's, in my opinion flawed ruling. [cheering] this is the opinion of many an unprecedented judicial over reach. this ruling makes us look weak. stuart: former new york city police commissioner bernard kerik is joining us now on that ruling. sir, you were the police commissioner in new york city on 9/11. do you think that this ruling, which essentially allows people to come into this country, have not been vetted very well, does that put us at risk? >> it puts us at risk and i think that is what people are losing sight of, what the ruling is all about.

the ruling is made to temporarily ban people coming in from those countries because we don't have the ability to vet from those countries like we do anywhere else. that's what this is about. and i think we lose sight of that. i looked at some of the comments by the judge and by some of the critic its. we're going to lose students in colleges. we're going to lose business. you know, there is all these issues. the real issue is national security. i think people forget that. stuart: the real issue was the law. the law as written allows the president of the united states to determine this group or that group should not be in this country. >> you know what, stuart? this is nothing that president obama didn't do during his time in office. there were plenty of times that he stopped immigration temporarily for certain national security reasons. president trump is doing it and

the left is completely losing their mind, at the risk of jeopardizing national security and the american people. stuart: we've got a long time to wait before this is adjudicated by the supreme court. >> unfortunately, what scares me, something is going to happen. somebody is going to get in. something is going to happen. that is when all congress and everybody will stand around in a big circle jerk in washington saying oh, why didn't we do this, why didn't we do that? you know what, look at the room issues first. stuart: that would change the politics of the situation if something happened. we don't want to say that but -- >> think back to the aftermath of 9/11. in the aftermath of 9/11, you know, national security was first and foremost. we've lost sight of that. the importance of national security is diminished since then. it unfortunately it only takes one event to happen if where everybody sits around and says, oh, we should have, would

have, could have. stuart: i want to bring up totally different issue. "tmz" reports that hillary clinton is seriously considering a run for the mayor of new york city. i think you know her around ask you to comment on that. >> listen, i personally, i mean -- stuart: does she really want to do this? >> no, i can't fathom she would want to do this she has run for president twice. president of the united states, it is a bit of a step down. stuart: sure. >> is although the mayor of new york city is a national political position so to speak, but still, you know what? you've done your thing. you go about your business. although i would like to see this mayor gone but not replaced with hillary clinton. stuart: that's what i was going to ask you. you're a quintessential new yorker. you don't like the current mayor, bill de blasio. would you prefer hillary clinton? >> i don't like de blasio. i would like to see him leave. stuart: bernard kerik, now a diplomat. you're all right. thanks for joining us. >> thank you.

stuart: appreciate it. we turn back to the upside on the dow industrials. momentarily we were down five or six points. now we're up six points. there you have it. we'll be right back. ♪ stuart: holding his weekly, i think weekly news conference. listen in please. pivotal guy right there. >> ronald reagan, i can't tell you how much i look forward to welcoming the president and the irish prime minister which we refer to as irishmen as auntie shok. it will be good food, good company and knowing me fairly lame jokes. the house committee took up the american health care act. it is the third committee to review this bill as part of our regular and open, transparent process. putting us one step closer to

keeping our promise, keeping our promise to repeal and replace obamacare. after there it will go to a fourth committee before it goes to the house floor. lastly as we said from the start, repeal and replace will be a step by step previous. that is why the majority announced yesterday that the house will consider additional legislation. this includes reforms like eliminating antitrust protections that create more competition. this will help make sure people are not left with few or no choices like we're seeing across the country. allowing small businesses to pool together across the country, giving our small businesses more purchasing power so they will have more choices and lower costs. they will be able to harness the power of bulk buying like large companies do. medical malpractice reform. that helps prevent abusive lawsuits. it helps cut down defensive medicine which is another way we can lower costs and produce more choices. these are a few ideas and ideas we strongly believe n they were

a part of our better way plan. we know we can't advance all of them through the reconciliation process. that is why we're acting on the reforms separately and immediately, concurrently. we're not waiting for these things. you all remember the slide from last week. first we pass our bill to repeal obama care's taxes mandates and spending. we replace that with reforms that build a patient centered, marketplace system. second, secretary tom price will take administrative actions to lower costs increase consumer choices and rye store market freedom and states rights. third we pass additional reforms i just mentioned. >> there are others behind that to decrease costs and increase choices for american families. we're on track and on asked all where we intended to be this whole time. we made a promise. we made a promise to repeal and replace obamacare. we'll keep our promise to people that elected us. questions?

>> mr. speaker, last night on fox news president trump suggested that an assertion that president obama wiretapped him -- >> ask me an obamacare question, okay. >> this something the president and -- have to deal with. the president suggested that this was based off of press reports, accusation this is on press reports. are you comfortable with the president making an assertion like that based off of press reports? frankly do you believe him, that he was wiretapped? >> i already answered the question about whether the wiretap occurred or not. devin nunes and adam schiff answered the question pretty clearly. i got the same briefing with them as well. but after we heard about this, we did see a number of press reports that made this allegation, that made this suggestion. so yeah, those press reports did exist. frankly i didn't know about it until bret baier asked me about it. this is something i was unaware until we did see a few press reports on this the point is the

intelligence committees in their continuing, widening on going investigation of all things russia, got to the bottom at least so far with respect to the intelligence community that no such wiretap existed. >> do you believe the president, when he says, do you believe the president, when he says he was, when he says that president obama ordered wiretaps of trump tower, do you believe that. >> no, that is what i said. we've cleared that up. we have seen no evidence of that >> [inaudible] i was wondering if you think congress will be able to pass the immediate 18 billion cut in discretionary spending for the rest of this fiscal year? are you worried about a government shutdown over the cuts in the budget -- [inaudible] >> end of fiscal year we're at bca cap level. so i don't see a big issue there. we just got the president's budget submission just this morning. this is the beginning of that step. what i'm encouraged by is the notion that we're beginning to rebuild our military which is

something we're worried about. the hollowing out our military. this is something we believe in fixing. they just got this process started. this is a long process and the very beginning of the budget process and no, i'm not worried about end of the year. august 28th where the funding lapses. i'm not currentsed about that i think we'll hit our benchmarks. reporter: couple questions about the president and health care. one is, lots of speculation some of his allies don't like you. some of your allies -- >> this is -- reporter: to what extent you two are absolute partners every step of the way? >> i speak to the president an hour ago. i speak to him pretty much every day. i spoke to him twice yesterday. we're clearly in sync on this and we're hand-in-glove with the president's team. we're working very closely. i can tell you i am very pleased and very excited, i got to tell you it is something i haven't seen in a long time.

this president is getting deeply involved. he is helping bridge gaps in our conference. he is a constructive force to help us fet to a resolution so we get consensus how to repeal and replace obamacare. it has been very helpful. so we're working hand-in-glove, listening to the concerns of our members. as you know, now that we have our score we can make improvements and refinements. clearly the main parts of the bill will stay exactly as they are but we're making those improvements and refinement based upon the feedback we're getting from our members. the president of the united states is the one who is mediating this. the president of the united states is bringing people together, sitting around a table, hashing out our difference so we get to a consensus document. the goal get to a bill that can pass that we can pass and that actually is great policy and the president is playing a very constructive role in this. and literally hand-in-glove every day we talk, we compare notes. our teams are fused and working together. i'm very excited about that. reporter: that is he unorthodox in some way?

>> he unorthodox. and it is very constructive in many, many ways. reporter: headlight care, more likely pass a bill because he unorthodox and what ways he might be a hindrance? >> what i said he is making it easier and better for us to pass health care. president, his involveme and engagement and his negotiating skills are bringing -- so we have bill we can pass and get consensus on and bring together our promise. >> the fact he tweets, alleged wiretapping is that all unorthodox stuff is that helping? >> here is what i see the president -- did you see him yesterday in detroit and tennessee? the president has a connection with individuals in this country. he goes, no offense but he goes around the media and connects with people specifically and individually. this is a power we haven't seen since ronald reagan. so what this president is showing he knows how to connect directly with people. that helps us bridge gaps in

congress and gets republicans unified to deliver on our promises and that is extremely constructive it. kerry. reporter: follow up past few weeks and months we hear a lot of palace intrigue going on between you and the president. how often do you and donald trump dress a lot of these reports that there is constant tension going on between both of you? >> there really isn't. we talked about this. we talk about this fairly often, the president and i do, i would say there is no intrigue, palace intrigue and divisions between the prints pals. i can't speak for low level staffers and outside groups. the principals, the chief of staff, the vice president, budget director, hhs secretary, the president himself are all on the same page. we talk constantly. our teams are working together. there is really no schism whatsoever. so you have this chatters class stuff. that happens in the day and age.

something a, isn't true. b, isn't intimidating or daunting to us in any way shape, whatsoever. i'm excited of the fact we have a president who likes closing deals. we have a president who thinks bold, thinks big, wants to act and want to get us to the finish line. he is being very constructive in doing that. the. reporter: you said arguing that your plan will allow people to buy coverage but plans will be much lower. cbo says they will go up. they won't go up quickly as premiums under obamacare. how many people do you really think will be motivated -- >> what the cbo says we'll bring in market stabilization in the interim. we said we won't pull the rug out from under people and it will not end tomorrow and people won't have anything. it takes time to is the up products in the free market setting. what cbo saying not only are you stablizing the market meantime, wouldn't have catastrophic double-digit premiums, bring

those downs, wait, when the reforms come in, this is before we get to face two or face three. the cbo estimate shows our reforms when they kick in bring premiums down but more importantly, cbo ignores because they can't, score what tom price is going to do to further bring market competition and freedom, bring prices down. we're very confident that this bill, which already shows will lower premiums will combine with the things price will do and also state-based high-risk pools. let me go back to one thing and it's hard to quantify. we had a really good risk pool in wisconsin. utah had a very good risk pool. when you have a risk pool that covers the catastrophic costs of people with catastrophic illnesses, rest of insurers, the rest of the insurance pool don't have to pay for those costs. by directly helping support the people who have preexisting conditions with their catastrophic costs, all other insurance products don't have to price that into their insurance and you dramatically stablize

and lower the price of insurance. cbo can't quantify that right now, haven't looked at the new risk pool wisconsin will set up as a result of that law. so we're very confident we're moving the ball in the right direction, we're restoring market freedom. we think this approach is much smarter getting costs down, improving access and covering people with preexisting conditions. you are the one i was pointing to, sorry. reporter: health insurance where the new market exists, where do you think members should get their insurance? >> haven't given thought to that. when you doesn't have obamacare, we wouldn't have obamacare. i haven't given any thought to that. reporter: thank you, mr. speaker. realize you are the speaker of the house and not the leader of the senate, senate republicans have really dismissed this bill. seems all but dead on arrival over in the senate.

how successful will you be as speaker if your bill passes here and kind of makes it through the house and then start from scratch over there? realizing this is the legislative process but you've got a lot on your plate? realizing this is the legislative process that you got a lot of a lot of airplay. how successful is that? >> and speaker of the house, not the majority leader of the senate. my job is to go through a bill to the hospital describes you in one word at all this is about and what is happening in legislating. this is legislating. this is going for the regular order process. here in the committees we constantly get feedback, constantly suggestions from members and we work in bridging gaps to make improvements in the bill so that members of a bill that we can pass. we feel like we are making great strides in great progress getting a bill that can pass because it incorporates the kis offeedbacks are members of all walks of life in our conference.

i've not heard from the senators for the senators critical of the houseboat, none of them have called me. i'm not sure what their concerns are. all i would say if senators are not helpless. the house passes this bill appeared to censor the senate and make it to take it from there. senators if they have a concern or an issue are free to amend the bill when it goes over there. that is part of the legislative process. i can't speak to why senator doesn't want to build a pass here, but they will have every opportunity because that's how legislation was written. house passes a bill, amend the bill, and the senate can amend a bill. that's the legislative process. >> some of your republican colleagues have serious concerns. even though the president on defense secretary in the past spirit are you concerned about the consequences?

>> honestly i haven't looked at the budget function. i haven't looked closely at what they are proposing, but this is the beginning of the budget process. but they have immersed myself in for two decades here. but a president submits a budget, that is the beginning of the budget process. and it goe to the committees on appropriationsommittees that will have a full hearing about how priorities will be met. what do i think we can cut spending to get waste out of government? absolutely. where and how and what numbers is something we'll figure it is time the sun. this is the beginning of the process. thank you. [inaudible] >> speaker of the house, paul ryan very much plug-in has planned for the replacement, repeal of obamacare. you just saw that as a weekly event that will appear in this one is the repeal of taxes, mandates and spending. that is the phase when we are in now. face to come administrative action from tom price that does

not include opening upstate ventures companies to do business across straight lines. phase three, maybe malpractice reform, tort reform, maybe. phase two and three, speaker ryan appeared to be pushing not back, pushing out the timeframe for phases one, two and three. the bottom line is that there was very helpful to have president trump negotiating, bringing people together. they need him, wanting and is doing a great job. liz: the thing i was really striking here, paul ryan is saying set aside the cbo score right now because we don't have tom price and they're doing with the president wants come encouraging things like insurance across state lines which will lower premium costs. >> a dentist will get lower premium prices. >> regulation. >> he compared president trump to ronald reagan and his ability to bring people together.

quite an analogy. >> by the way, the speaker was make in his presentation. the market headed south. i don't know whether it was because of what he said, the dow industrials were down five or six points when it started. 40 had plans for the time yet finished. >> i believe we are poised for 2017 for this to be the most productive congress in decades. we could easily screw it up. stuart: yes, you heard it. republicans could a senator cruz says, screw it up. imagine the following. by early summer, republicans have failed to agree on how robotic replacement plan. they remain split. just imagine if the president cannot bring them together. nothing gets done. democrats would be ecstatic.

a major victory would wipe out their devastating election loss. republicans get the blame. they return to their districts for the summer break and are confronted with extremely angry voters. first, they face a similar problem with tax reform in the fall. split, can't get it done. the trump agenda has collapsed. that is not a prediction, but it is a worst-case possibility. that would be to screw up. that's what could happen to the republican party and the chump administration if they don't fix obamacare in the tax code this year. the third power of "varney & company" is about to begin. ♪ stuart: i'm not there at the worst-case scenario for the republican party that they do screw up on obamacare and tax reform. come on in closer special

report. i want your reaction. i have to ask the question, am i going too far here, brett baier? >> i don't think so. you are right in thinking that way that it could have been. one is this health care bill did cross the key hurdle today and that is the budget committee. a number freedom caucus members on the budget committee in and they got it through. it was a slim hope it is now moved on. it's very possible that it passes the house and the senate. the health care bill ould be struck down in the senate could build a health care bill, believe it or not from scratch according to parliamentary rules and then something back that meets all the requirements that all sides. it's not done yet, even if it fails in the senate.

tax reform is key and i think you're right. if they don't get that done, businesses and a lot of people pulling for the chump administration would really be upset. >> i guess the sausage making. i didn't realize how strong realize how strong that it could get because we are in the middle of it are starting to get into it and it really looks to be extremely complicated. you've got a divided republican party. total opposition for the democrats in a president and it looks like is having hard time doing it. >> that's right. you may see a lot of other horse trading going on before you get to the end of this legislative effort. also there are going to be some pressure is put on people about whether they are going to be primary or not or whether the chump administration is going to advocate for them in reelection. you are going to get to that washington moment where it's going to be this binary choice

about how to go forward. the reason they have to do health care first is because with the health care saving, it then gets breathing room to get rates down on tax reform to a place they want to get them without blowing up the deficit. >> i'm going to leave politics to you. you're on your own. see you tonight at 6:00. now they steered federal judge in hawaii and a federal judge in maryland both have blocked president trump's revised executive order and travel restricons. the judges back. i'm going to repeat myself. i read now in a position where we cannot control who comes into our country and that maybe a constitutional crisis? >> we're in a position where we have less control in the constitution contemplates that the constitution is the privacy of the world to the president.

not to the congress, the president. the president decides who are enemies aren't friends are. supreme court interpreting the constitution. congress gives the tools with which to implement your friends or enemies. it gives them the express tools of our emigration for a group or region or country that he thinks that produce harm. stuart: how can these judges possibly reinterpret the statutory law that says president has the power and taken away from them because i didn't know they could do it. >> you can use this phrase, but if you want to get a quick sound dirty handle on it coming months and then by another name. they've taken the language the president used and mayor giuliani is. this is absurd. language that kellyanne conway and stephen miller used in the studio. they describe those first to the meaning of president. it's hard to believe a judge is

doing that. mental gymnastics of a high school student to do something. stuart: we've got to wait now. true adjudication comes from the supreme court. a very, very liberal and illiberal circuit court of appeals. one end of the country, fourth on the other culminating in d.c. stuart: you know it upsets the apple cart totally if they were an instant performed by one of those people who is now let into our country that changes everything. >> a type of thing does change everything. these judges have substituted their personal judgment on the wisdom of days. they're substituting their judgment for the present. they have not decided he is wise or prudent, just that he pays up in the constitution on the law. that's how they're supposed to

decide. stuart: it is our pages. from a guy who believes early in the united states constitution. we are constitutional republic in this decision takes us away from that. >> is a dangerous when you and i agree so much? stuart: yes, it is. it's progress i guess. thanks very much, sir. i was a smile. the dow is down 34 points and we will be back. to join. it's like i'm in the office with you, even though i'm here. it's almost like the virtual reality of business communications. no, it's reality. introducing intuitive, one touch video calling from vonage. call now and get amazon chime at no additional cost.

stuart: now we are down 41 points, writer and 20,900. up 42 right out. canada, goods, not a pop on its opening day. 30% higher. fixing mixer share. usually in black. a nice pop record as well. this is the most active of all

markets. that is 2.5%. look at apple, also back, face up. all of them reached or exceeded all time highs today. only apple is pulling back just a fraction. the trillion dollar infrastructure plan. he's a former secretary of transportation. welcome back to the show. could you see you again. i've got this question. you want to spend the money wisely and there's a lot of money to the end. you know what's going to happen. congress will take the money, call back to the home districts of bag i'll build that input my name on it. and you can't stop that. i know you want to stop that but you can't stop it. >> that's when it launches in the infrastructure in america to get the political support to get past. there's always the risk that their projects that there may not be optimal projects that are

useful to get political support. >> it's not going to change. >> i think one, to his credit, one of the things his president has done that should be commended and which projects. you can each down lower to mayors intraregional leaders to get their list as well. starting from the standpoint of where the local and state communities believe their needs are as a good starting point. stuart: you think it's going to make that much difference? >> well, there's bigger problems here. how do you pay for trillion dollars package. it has been correlating and there's not a lot of rich products, potholes and need to be filled that don't lend themselves to private investment. that's one fundamental challenge

in you point out the other, which is to make sure the project are the ones needed. stuart: how about the rolling back of the mileage -- the standards by president obama brought and laid in his turn. go back to where we were essentially. no new standards. since then not give us a problem for california? i can see the point where you can't drive your car in california because it doesn't meet their gas mileage standards. >> conformity is going to be a challenge because california in so many ways has led the way on environmental protection efficiency and the standards were done in conjunction with california so that everyone would be moving in the same direction. i do think there'll be some legal challenges another once as

a result of the actions the administration appears to be taking. stuart: do you think changes will be made at this time? you know, i've seen this movie before. i've seen multi-billion-dollar plans and it always goes down the same rathole. individual congressmen. >> well, the president holds all the colors here. he's got the house in senate and i frankly think having presidential leadership on infrastructure is important. i agree they will be careful attention given to the projects that get funded and making sure they have a high level of return to the public in terms of congestion and quality of life. stuart: gets stuck in. we want to see real changehere. i know i'm putting you on the

spot. >> absolutely. thank you very much, anthony fox. check the big board now with 44 points. 20,000 minus six. fox news poll. one third of democrats polled have never heard of new york senator chuck schumer. i find that extraordinary. you want a refresher? remember the sound bite. >> this executive order -- was mean-spirited and harms americans.

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ashley: this is someone from the business sector that had on the military and that the second-in-command and the defense agency. dimmick said to have a guy with the boeing pedigree to help run this department.

stuart: fair point. ashley, got testy about this plan. the fox news poll says a third of democrats have never heard chuck schumer. >> this according to the fox polls. they were asked their opinion of chuck schumer. when they asked everyone, 30% still haven't heard we know him because we talk about them almost every day. he's a big part of the story that comes out of washington. for the average person that just kind of blank sadr goes class yet when you talk about this stuff, they don't know. stuart: the average person will turn off for a long time now. i don't blame them either.

all the sausage aking. check that markets. down 39 on the dow right now. since the election map come across the board. since the election. rachel mandel so called trump tax bombshell has some executives kind of angry. this session will trounce tax return they keep on running. i remember this from the campaign. >> that he doesn't want the american people to know that he's paid nothing in federal taxes. bill maher's anybody's ever seen were a couple of years when he had to turn them over to state authorities that he was trying to get a casino license and they showed he didn't pay any federal income tax.

why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph.

tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take ciis if you take nitrates for chest pain, or ademp® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis.

trade to modify some 38 on the dow. holding a 20,900. more and rachel mandel. and they say of angry over the anti-climactic recitation of president trump tax return. but the latest?

trim for the nbc parent executive. they found out about this story via rachel not a country in maddow twitter when the rest of the public. the story was hyped but didn't deliver until 20 minutes into the broadcast and caught breaking news, wasted on it and wait until the broadcast. a number of levels it was mishandled between top executves nbc and eight. we are tracking this story for you. stuart: had up to be a fly on the wall. this is what our next guests just wrote. the modern democratic party is hoping you care more about trounce tax returns than their own.

grover norquist, the man on the right joins us now and he wrote back. americans for tax reform president. the democrats want to hype up the trump tax return and forget about yours. that's your line? >> well, let me. the repeal of obama cared to somewhere around $900 million in reduced taxes over the next decade including people with lexicons, flexible spending accounts, health savings accounts. many middle-class tax cuts. they don't want to talk about that. they don't want to talk about businesses from 35% to 20%, getting rid of the death tax in amt. these are popular with the american people. they'd rather talk about whether they saw a 12-year-old tax return number which points out the president a 25% in tens of

billions of dollars. 25% of earnings in federal taxes before you get to state taxes and local taxes in new york. stuart: let me jump in here a second. it's very hard to get people who do not pay any federal income tax and that's roughly half the income earners in this country. it's hard to get them confused about cutting tax is that they don't pay, which are only paid by the other half. i can understand the democrat unwillingness to talk a lot about cutting your taxes and to concentrate instead on trump's taxes. >> i understand that's the y decrats assume voters bhav voters are smarter than the democrats think they are. there's a tax on prescription drugs. poor people, low-income people, middle income people buy prescription drugs.

they know that it is a tax on them. they know that a tax on sharon's policies is a tax on them. insurance company doesn't have any money. they don't get from you and me and the general public when they sell insurance. they understand taxes on businesses are what keep them with her brother or sister or spouse from how the job. the american people are a lot wiser than the left-wingers think they are. maybe incorrect. >> at hers. i've got to ask you this. you're on the inside of politics in washington d.c. tell me honestly do you think we get a tax cut package signed, sealed delivered by august as the treasury secretary told us on this program three weeks ago. >> i think it can be done and take till september.

the answer is yes. train to another subject for you. this socialist. i asked her what she thought. what is a fair tax rate for people who make a great deal of money for the benefit of you in our audience a little again. watch this. >> i have no issue returning something taxation under eisenhower or presidents in the 60s. it is some one or between 60% and 80% for people who make an incredible amount of money. the top 1% with income tax at a much higher rate because they can afford to pay it. >> respond. >> the good news is historically over the last 50 years when you ask the american people, citizen

, almost no one thinks anyone, including the richest person in the country should pay more than 25%. so you have an overwhelming support for 25, 2010 and lower. people do not think -- all the professors believed anyone which by the way is what's termed by spain on federal taxes. the american people in 1966. stuart: programmer chris, appreciate it. i believe confidence and optimism bursting out all over in this economy. consumers, home builders. with us now, jerry howard witt

is ceo of the national association of homebuilders. welcome to the program. good to see you. but i'm sure you know, interest rates are coming out. mortgage rates are not then we heard the level now 30 year fixed at 4.3%. you're verypmistic risg rates,ut it didn't your enthusiasm. you have to look at it in context. they are still very low. we'll see where it goes. right now not too much of a drag. stuart: 4.3% on the 30 year fixed. do you think it has real impact, hurts your business if they get to say 5% or 6%. >> i think that given what the consumer mindset is now the

biggest 5% or 6%, 6%, people sit up and take notice. people have to realize back in the day when i was out of college at double-digit interest rates. stuart: the first mortgage ever took in america was 12.5% in san francisco late 1970s. it's not what the section necessarily. quick question if i may. i've always been told that the average size of a whole new home in america is going up and up. but that uptrend came to a screeching halt in the last decade and now you guys are actually building smaller and smaller new homes. is that accurate? >> it is accurate. they are willing to sacrifice inside the house. much more importt tha size. >> new home today.

>> we are probably down to the average new home now is about 4000 square feet. the mac we don't want to heat and cool all those extra rooms we don't use. people are having fewer children. thank you for being with us. we appreciate it. come back sooner. stuart: the markets can come a sense of the market for everyone. dow 30, stocks most of them in the red. as you may expect we are down 44 points. i do recall her this morning we did cross 21,000 again. that would be very close to an all-time record high. back in a moment.

>> i am nicole petallides with your fox business. but they took a look at candidates come in the ipo today. initial public offerings right now is ipo for this luxury retailer, luxury in particular. you can see right now 29% has been up as a third-generation ceo taking this one, started in a small toronto warehouse 60 years ago.

there are some people who are concerned about the trend on many of the jackets. in fact there were some animal activists outside of the new york stock exchange this morning. take a look at them there. we are watching it now throughout the day. 1642 for the new ipo.

stuart: okay, look. throwback thursday. gordon might vote early morning rain. that guy has got a voice and a production value to die for. that is my kind of music, sports fans. quick check of the big board. dallas at 20,995. the banks ask, did they take a hit yesterday? a very, very modest bounce back today. financials are little bit better this morning. big tech names they always like to check them. that is where the money has been flowing. apple, off the bat, facebook, netflix, all of them approached her with two new record highs this morning. some of them are backed off. facebook was over $140 a share earlier. if iona tesla, i might have trouble getting that thing fixed. put your coffee down and tell me

about it. ashley: i was actually having a swig of tea. the problem is you have a problem with your caps-on come you take it in, especially that needs bodywork. tesla only allows a select few body shops to work on their cars. one person was rear-ended in their model as test. he was in the shop eight months. so here's the problem. now they are going to begin mass producing the model three cars. what happens then they need repairs? test us as we are on it. we are going to actually assign an individual employee to each cars that irresponsible to get it back to the owner. also 300 extra repair shops. they have servi centers. if you don't live near one could take a long time if you got rear-ended, had a bumper problem. >> how many times have we raised

but might be negatives about tests on this program and look for the stock. its comments i think 35, maybe 40% just since the election. it is up nine backs today. transfer the blockbuster battery would be the game changer. in consumer reports they tesla has very bad cars, give it a bad rating because of the electrical problems. ashley: not good for the electric car. stuart: it is up nine backs. i guess go figure. as we all know, president trump is promising to cut regulations they get rid of right tape. the act being chair of the federal trade commission. i asked you earlier, get ready for this. what regulations can be cut very quickly that would have a positive effect on everyday life? i know you respond is to get rid of some of these crazy licensing ideas you spell it out, please. >> absolutely, stuart.

one of the issues we've seen is the incredible growth in occupational licensing. right now, consumer workers today need a permission slip from the government to engage in their occupation. in the 1950s as a mere 5%. studies show this is costing close to 3 million jobs in the economy and millions of jobs and consumer costs. it is people at the bottom end of the economic ladder. believe it or not -- >> we've heard horror stories. they want to bring some unfair, he licensed in the government if you want to open a nail salon. the list is endless. the question is, can you at the federal level with a sweep of the pen th at least some of these licensing requirements? >> unfortunately, it's not as easy as getting rid of it with a

sweep of the pen at the federal level. these are state regulations. what i've done is convened and economic liberty force at the federal trade commission to work with interested parties in the state. governors, state legislators who are interested in making improvements here. we are going to be a commuter in china led on this issue. where we can bring enforcement action in the antitrust arena we will. trantor want to thank you very much because so often we talk about getting rid of her and tape on the cutting regulations and nobody gets the point. the chief had right out of it. get rid of these occupational licensing requirements. i find that really, really refreshing. now i have to ask you, are you the acting federal trade commission are? >> i'm the acting chairman of the federal trade commission. i've been a commissioner for five years. try to forgive me, are you a

holdover for the obama administration if so, what on earth are you doing getting rid of licensing requirements? >> on a republican. i was appointed to take the republican seat. i've been designating the acting chair. economic liberty is at issue is triggered much of my career. i've been working on it for decades their advocacy, enforcement and drawing attention to the problems it's creating. train to let the market take care of it. if you go to the go to the barber and a lousy haircut from hidalgo back. >> you're absolutely right. train to go forward. press on, please. we are all in your corner. thanks for joining us with an excellent idea. we approve of that. >> great coming thank you, stuart. stuart: we are mostly in the red and the dow was down 42 points. he remembered that shrimp on a treadmill video? who could forget. coming up, more examples of

wasteful government spending. wait until you hear what your tax dollars are going. it's not just a shrimp on the treadmill. you know who likes to be in control? this guy. check it out! self-appendectomy! oh, that's really attached. that's why i rent from national. where i get the control to choose any car in the aisle i want, not some car they choose for me. which makes me one smooth operator. ah! still a little tender. (vo) go national. go like a pro.

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stuart: i don't know why i'm laughing because i'll give you some examples of government waste. you are going to hate it. gerri willis has been digging into this. give me one example. first example of government waste. go. >> swedish massages her by name. 387,000 of your taxpayer dollars paying for swedish massages for by may. why? we want to no-space-off get over diseases. i don't know if the bunnies: and they are not feeling well. i don't know how this works. national institutes for health. stuart: would go better for swedish massages for rats. >> number two, teaching outlines how to run on a treadmill. stuart: why? the mac that's not really clear how to say.

that's $856,000 of your taxpayer money. i have to tell you this. the university of california researcher did this. he said it took me three years to find a facility willing to do this because it's dangerous. you've got third run, the best of all. >> nasa is testing the effeiveness of golf equipment in space. ashley: of course they are. stuart: how much? >> $15 million. i think this is a great idea. i love this idea. >> you're driving a 500,000 miles. stuart: that is absolutely illogical. since when have we ever proposed a golf course in space? >> it goes to private companies. they use this to make their own

stuff. stuart: well said. that was the best segment of the day. the most outrageous thing whenever they knew did it. ashley: i want to be a bunny. stuart: i promise you this show will return with more "varney" after this.

. . >> capitol hill. the steps of the capitol building. they're going back inside. moments ago president trump was standing out front with people of irish descent who are members of congress. this happened moments ago. there you have it. i can see paul ryan is in there. and kenny who is the prime minister of ireland. i think we had peter king, congressman from long island. peter king, on the right-hand side. everybody wearing green. lizzie you will wear green tomorrow? liz: absolutely i am thrilled being irish. president says he intends to

visit ireland in the future. >> some point in the future he will visit. that is moments ago. they subsequently turned around to walk inside of the capitol building. that is honor of st. patrick's day tomorrow march, 17th. we'll be here for you and i will wear a green tie. how but, charles payne, in for neil cavuto? charles: i will see if i have a green tie. i might have one among 3 or 400. >> in charles is talking to me i can't hear. i lost my ears piece. charles: no problem. catch you tomorrow. i'm charles payne in for neil cavuto. president trump and paul ryan are at a luncheon with the prime minister of ireland. we'll bring them to you when they begin. this is the first time presidene laying out the agenda. he released a budget that he wants congress to act on. blake burman with the latest. bl