tv Varney Company FOX Business April 5, 2017 9:00am-12:01pm EDT
9:00 am
maria: thanks to all-star panel have a great day. stuart: thank you very much indeed the move positive, no, no, not in trump hating media don't get hopes up we are talking about you, and your money, good morning, everyone. the fabulous five market flat especially horizon amazon well above 900 bucks a share gilded age founded up 27 billion this calendar year, big tech stocks lift all boats, most people with small wall street investment have at least a piece of apple google, amazon
9:01 am
facebook or microsoft watch him go positive in "the wall street journal" corporate profits likely best in six years investors love that this morning, news of strong job creation in the private sector, investors love that, too. let's get to politics, here is a plus. intense discussions through the night of new health care bill they will keep talking and mark meadows chair of the freedom caucus says do not rule out a vote this week. it felt president takes gloves off to supporters a plus he proclaims president obama for the syrian gas attack he says enough to the north koreans about to hold a difficult meeting his word with zichina's leader if you are if he had up with negatives spewed out by media stay right there we cover politics and money and there is reason to smile wednesday morning, "varney & company" is about to begin.
9:02 am
of the -- ♪ ♪ ♪ e . stuart: that is the floor united states senate and that is senator merkley democrat from oregon all night marathon speech to protest neil gorsuch nomination to supreme court the fight is over. senate majority leader mcconnell already invoking the "nuclear option" that lets the senate confirm gorsuch with a simple 51 vote majority got the votes he is in. more on gorsuch nomination coming up first to your money a look at futures market, up dow industrials likely to open higher after a positive report on the private sector and job creation. 263,000 added in march we have a big jobs number coming on friday, the dow is up at least 60 points, 20 minutes from
9:03 am
now, panera ah a is to being to watch today the investment firm jab hold gs buying panera jab hold lgs moons nothing to me what do they own. >> one of europe family dynasties they own chris pe cream green mountain cove caribou also own david beckham's line of colons, calvin klein so this is a 16.9-billion-dollar european family major acquisition spree spending 30 billion dollars, last three years own all those brands. >> is it true? >> so the participant company jimmy chu going to run pan . >> correct raymond family of germany. >> bedfellows that is going on panera the stock up about 30 bucks. >> 7 1/2-billion-dollar deal that is right. >> thanks, by the way, money keeps on pouring into those
9:04 am
tough names that we call out every single day apple amazon facebook google microsoft all of them, at or near all-time highs, premarket, all of them are up except apple down a fraction. more on that later, actually more on that now the gentlemen right there art laffer welcome good to see you back. >> thank you, stuart to be part of the company? >> you are part of the company as a matter of fact. >> i feel part of the company a wonderful comfortable feeling give me -- what is with these five huge technology companies i have never seen global dominance by any sector of the economy before in my life this is -- why laughing. >> i think wonderful this prosperity a sign of great progress unearthed i am a big investor in these companies just so you know conflict of
9:05 am
interest the technology is great i am not a user of these i am an investor what can i tell you old school, look. stuart: to me represents capitalism, successful without cap tallism wouldn't even have companies i think a tribute to american capitalism what i think. >> i stress the founders you are correct very, very wealthy but what i would stress stuart is the welt they created for each else, i mean when you look what this has done to standard of living to the value of life to people self-worth all of that is astounding what has happened in medicine as well, by the way, they are all sorts of areas, we have made huge advancements just made everyone better off i am impressed pleased by progress. stuart: we don't hear enough that is -- one more for you early this morning we got from adp 263,000 new jobs created
9:06 am
in the private sector, i say a strong performance what say you? >> i told you so i told you so ♪ ♪ you know you are looking at the beginning of an nowhere else boom in eric in, it may not be that fast in the first two years stuart but it will be an enormous boom as we undo the damage done by last two administrations, both wiand obama bring stipulate of state to correctly balanced process and you will see wonderful, wonderful progress in america over the next 8, 10, 12, 15 years. stuart: okay we said top of the show the mood has turned positive, and in artist made it turn really positive. >> good. >> we do like that stay there you are on the company, you will be visiting us later back to politics, president trump laying out the groundwork for his big infrastructure plan yesterday. you remember this, he pulled out that big chart, shows all the hoops you got to jump through to get a project done, he says look it can take
9:07 am
taikdz literally to complete a single project because of the permitting requirements regulations. katherine wild with us a ceo of partnership for new york city, her organization focuses on new york city infrastructure projects in meeting yesterday with president trump right. >> indeed. >> good meeting. >> excellent. >> good sign. >> a couple hours with leaders of the administration cull minute aitdz by entrance from president trump good presentation. >> i think a lot of centered on getting the permitings process shortened, dreadfully long now you work in new york city the absolute centerpiece of permitting problems in united states. do you think that the president can make real difference to the permitting process in a place like new york city. >> absolutely because new york city kno how to respond when there is money on the table. so i am very confident. we have 60 billion backup infrastructure improvements we need to make next few years,
9:08 am
in new york city, whether mass transit water, or the highway the roads, the potholes a big backlog if they show the way we can do that efficiently quickly federal tax to help we are going to respond. >> that is always the question who is paying for to this you say 60 billion dollars worth of stuff needs being done in new york city. who provides the 60 billion? >> much of that comes from the city for example, the city built a two-billion-dollar train extension from to open up, west side manhattan 40 blocks as a result largest private job creating development in the country going on at hudson yards we've got a combination of city funds, state funds, federal funds, that contribute to this effort, of course, all paid by same taxpayer. >> i suspect the biggest break the biggest restriction on efficient vigorous moving forward with infrastructure
9:09 am
projects is a course, lawsuits, because in america today, i know you are smiling here, in america today, you want to do anything, subloyal will sue to stop. >> you litigation a big problem as president pointed out yesterday there are 17 federal agencies 29 federal laws currently you go through to get a highway started for example takes 10 to 20 years, so there are huge amount of regulations legal restrictions that cave down on us create permits for lawsuits not making this up out of whole cloth this is a whole infrastructure has got to be fixed, gary cohn yesterday made a very important statement, about fixing our air traffic control system, new york airports are responsible for two-thirds of the air travel delays in this country. two-thirds. we have to fix that and the only way to do it we've got 1960s air traffic radar
9:10 am
control system that is out of date the whole rest of the country, the whole rest of the world up to we've got to get there. >> believe me every single person in this studio watching this program is with you all the way. we just want to know can you really do it. >> we will do it! i am convinced after yesterday we will do it a real commitment in washington there is a real commitment in new york business community thrilled with the opportunity to go to work on this. >> i said beginning of the show mood tufbd optimistic you helped me along there thank you. >> absolutely. >> come again. >> thank you. >> thank you -- serious subject north korea launching another ballistic missile days before president trump holds meeting with china's xi jinping what does secretary of state tillerson said. >> didn't say a whole lot he 00 uttered 23 words on latest said north korea launched yet another about about ballistic missile united states has spoken enough about north
9:11 am
korea we have no further comment really says the time for talking is over they have told north korea has run out all options on table a terse response frustration of the administration. >> hardline. >> exactly. >> president obama's former national security adviser susan rice responded to charge they revealed names of trump transition team members in surveillance she says she didn't do anything wrong judge napolitano next on that, big amazon story as usual today, 50 million dollars for right to stwraem nfl games we are on it. >> president trump's talk on immigration is working border patrol says number of people caught crossing the border at 17-year low. will have more varney after this. yes?
9:12 am
9:14 am
9:15 am
amazon bought the rights to stream 10 nfl games. what is with that. >> one-year deal they paid 50 million for the privilege, 10 games on thursday night they took this away from twitter did that deal last year, for 10 million so they paid five times more than twitter for 10 nfl gales on facebook, the contract google, facebook and twitter tried to get it amazon came through there is a belief going after nba soccer the rights to cricket, they are getting to the live sports arena area because i think a suspicion a sports package. >> take away from conventional television putting on this. >> that is what they are doing. >> netflix hulu not on the stick wow. stuart: start bidding susan rice president obama national
9:16 am
security adviser said she district do anything wrong relieving names in government surveillance. >> did you seek the names of people involved in to unmask the names of people involved in the trump transition the trump campaign people surrounding the president-elect. >> let me begin -- >> spy on them. >> absolutely not for any political purposes to spy expose anything but let me -- >> release name of mike flynn. >> i leek nothing to nobody never have never would. >> judge napolitano here did he. >> a couple points does anybody surlgs doubt the president's claim he was spied on by predicate can he sayer. >> that would be trump's claim tweet saturdayorng. >> we now have acknowledgement right here by president obama's national security adviser that yes, it did go on she says went on in the context of where communications between campaign transition, and the
9:17 am
foreign power who was talking unmasking names says in need to know for national security purposes. >> suppose paul manafort donald trump are speaking going over wording for his acceptance address at republican national convention in cleveland she said to president obama mr. president look at this a felony. >> oh. >> that is the use of intelligence data for political purposes. a felony. suppose she set in motion release of mike flynn's name he and president trump the only two people we know unmasked we can guess who others were but we know they were they are unmasked she sets this in motion, by disseminateing true names to so many in law enforcement and intelligence have no need to know. >> okay bottom line susan rice is now in deep trouble yes. >> susan rice should be investigated by fbi for espionage same crime as hillary clinton failure the
9:18 am
true name of an american caught up in surveillance intentionally or otherwise is protected by top secreted category reeling that is a failure to maintain top secret information given to you. stuart: okay. we are going to get "nuclear option," in the senate to confirm judge gorsuch to the supreme court he is going through 51 vote in -- >> most probably. >> i don't know what is wrong with that why is not everything 51 votes in senate you get something done wouldn't. >> you senate has a tradition of requiring the seoul majority stuart until presidency of jerrold ford, so we are talking mid 70s, the vote was 75 senators to break the filibuster they reduced it to 60. the theory was to prevent tyranny of the majority. to slow down the operation -- >> whether you like that or not. >> the minority now --
9:19 am
>> perfectly ledge it matt argument to get rid of precedent john mccain's fear a young president bernie sanders appointing a young ruth bader ginsburg to the court, with 55 democrats, 45 republicans nothing are these can do to stop it. >> okay, well i want something done i am tired of this do nothing at all. >> you are accustomed british system majority rules no matter what majority gets it way even if it tramples. >> not true another time. >> out of time out of time. >> you got me on that. >> nice try. >> doesn't know what he is talking about -- >> that is true. >> [laughter] >> elizabeth warren leading charge for equal pay for women according to new report she is not practicing what she preaches we will have that in a moment.
9:20 am
♪ predictable. the comfort in knowing where things are headed. because as we live longer... and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future.
9:22 am
your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claims centers are available to assist you 24/7. call
9:23 am
9:24 am
every dollar a man makes, and we're still standing here, in the united states congress debating whether a woman should get fired for asking what the guy down the haul makes for doing exactly the same job. >> equal payday isn't a national day of celebration it is a national day of embarrassment. stuart: okay elizabeth mcdonnell now we're learning about the pay of men and women in senator warren's office tell us. >> media -- gets 71 cents less than men in that office, so sorry paid 71 cents on dollar, so that is less than 79 cents average paid less than men, five men in that office have six figure salaries one woman six figure as early the average salary for women in elizabeth warren's office according to washington free beacon 31% less than what men are paid a wage gap going on there we saw with hillary
9:25 am
clinton saw with president obama's staffers as jeel i can't explain that. >> i can't. stuart: very equal pay. >> the issue is that the men have high-paying jobs looks like the women don't, and we reached out, to senator elizabeth warren in office for comment they have not gotten back yet. stuart: okay, fair enough thanks very much elizabeth. >> now we're going to open this market in four minutes time solid gain over 70 points we've got very positive news out this morning looking strictly at moneyed on wall street looks positive big smile everybody, couple minutes actually --
9:27 am
and life's beautiful moments. flonase allergy relief delivers more complete relief. flonase helps block 6 key inflammatory substances that cause all your symptoms, including nasal congestion and itchy, watery eyes. flonase is an allergy nasal spray that works even beyond the nose. so you can enjoy every beautiful moment to the fullest. flonase. 6>1 changes everything. . . . .
9:29 am
♪ stuart: i got a feeling this will be a big up day for the stock market today. it is wednesday morning. if you look at futures, looks like we'll open 75, maybe 80 point higher. that would carry us well above 12,700. there are good positive stuff in the background today. specifically the adp report. that is the report on the number
9:30 am
of private sector jobs created last month. very strong. 263,000. you're also going to see amazon, perpetual winner. [opening bell rings] amazon going well above 900 bucks a share. boom, 9:30 on wenz morning. we're off and running. we're already 60 points higher. 61 to be precise. the green on the left means the dow stocks are going up. as you can see the whole of the dow 30 dominated by green. this is an up day from the get-go, 83 points as we speak. look at that level, 20,700. quickly let's check big name tech stocks, amazon, microsoft, google, facebook. down a tiny fraction. amazon, more on in a second. amazon at 910.
9:31 am
yes, we're still following tesla. $300 a share yesterday. 302 at the openi bell this morning. down a buck. tesla is still worth more than the ford motor company. still trying to get over that one. quickly, just look at amazon for a second. it crossed 900 bucks a share yesterday. now it is at 910. it opened at an all-time high first thing this morning which is just a few seconds ago. they have a deal to stream 10 nfl games for prime members only. let me tell but the big deal of the day, panera sold for 7.5 billion to a j.b. brands. that is a private company out of europe. they own caribou coffee, krispy kreme, green mountain and jimmy choo shoes of all things. 311 on panera. stock. day. who is with us, wednesday morning? ashley, elizabeth. keith fitz-gerald, art laffer
9:32 am
and todd horowitz at the cme. back to our long running theme, tech stocks leading the market. let me start with that, keith. i asked you countless times, do you see any reason to sell any of them the big five right now? >> no, i don't, stuart. the average investor could double their allocation to tech, stuart, and still not have enough. this is all about the future and services that will augment our lives, not just the gee whiz ng stu erybody thought about in the past. stuart: art laffer, am i right in saying anybody who owns any stock has a little piece of the beg five so everybody is moving up with this? >> that is true. everyone has a little piece of the big five. i am big investor personally in tesla. i think it is an amazing technology what they're doing. i couldn't be more excited than i am. stuart: plans to sell? >> worth more than ford and gm, both of them. stuart: any plans to sell any
9:33 am
technology headings, art laffer? >> i'm too old to sell. i'll holding forever. stuart: todd horowitz, come into this please. you're a commodity trading kind of guy. you see what is happening with the fabulous five as i call them. any desire to sell any of them if you owned them? >> good morning, stuart. if i owned them, i would not be a seller of them. i think most portfolios will have a nice piece of these. that is how they're built. i mean i'm not a big fan of selling stocks that i own. so i think that you can see markets that these will continue to go higher. at some point they sell off a little bit. if you're an investor, stay in ownership for longer term. stuart: i want to concentrate on amazon for a second. they have this deal with the nfl to stream, i think it is 10 thursday night nfl games. that has put the stock up a little bit. the basis of this story though, ashley, seems to me, there is a move for sports, away from cable tv and on to my smartphone. ashley: got on strong competition from bidding for facebook and google and twitter
9:34 am
who had it last season. they paid 50 million. sets apart from netflix and hulu, who ts part stayed far away from sporting and other live events. amazon is moving aggressive in this space. bottom line, people are cutting the cord. liz: amazon is worth two times walmart stock valuation. it bigger than berkshire hathaway and facebook. amazon's market value continues to move up. jeff bezos added $3 billion alone last week to his net worth. stuart: bezos is worth 77 billion. liz: more than that. stuart: up 27 billion this calendar year. who was trying to get into this? was that you, todd? >> i would love to get in. stuart: go ahead, keith. >> this is the death of espn here, stuart. you're witnessing, we talked for a long time, amazon versus everybody else. there is not a business on the planet that amazon will not impact. i think this is a great move for them. it is strategic. valuable. every other on-line stream hears a problem.
9:35 am
stuart: what do you have to say, todd? >> i totally disagree. it may be the death of espn but not the death of the nfl network. it is not the death of major league baseball network. we'll not stop watching regular real tv or seeing things. streaming is a gimmick. that is much more crowded space. you've seen -- stuart: come on, todd. streaming is just a gimmick. have you ever heard of netflix, by any chance? panera bread is being bought out, okay? that means the stock, the publicly-traded stock taken off the market. they're private. they're taken over by a private company. jab holdings i think it is. jab owns green mountain coffee, krispy kreme, a string of other brands. this is conglomerate. liz: it is, german dynasty, the raymond family. they're worth about the $17 billion. this is the name of the game of this story. they have been on an acquisition spree.
9:36 am
there will be other publicly-traded coffee and casual brand restaurants go into the jab portfolio. this is an m&a story. stuart: interesting europeans are presumably using euros to buy expensive dollar-denominated panera stock and taking a huge premium on that. that is fascinating. they must like american. next case, outgoing fed governor, daniel tarullo, very important guy in the banking industry. he questioned parts of dodd-frank regulation this was in his farewell speech. part of dodd-frank he says didn't work. financials are up this morning. any chance that dodd-frank recedes and they're up today. anybody want to comment on this, keith, for example? >> i think that he may be taking the fall for something or some win here. this is interesting to me because wall street has a funny way of taking care of its own. the stress tests are needed. but how they're implemented, how they're cashed, that is the question here.
9:37 am
that is what he is pointing at. stuart: i think a lot of people on our production team would like dodd-frank to go away to apply for a mortgage and doesn't take three years. i got a bankruptcy to report for you. payless shoes, bankrupt. bankruptcy protection. they're closing 400 stores. now my question is, is this part of the retail ice age? ashley: absolutely. go to any mall you would see a payless store. as their ceo said, we're facing a very challenging retail environment for the understatement of the year. look, this has been a long time coming. they were bought out by private equity companies in 2012. they have a billion dollars worth of assets and $12 billion or $10 billion of liabilities. liz: 400 is fraction of the stores they have. they're going through restructuring. question, would pick up the assets? it is a name brand and american brand.
9:38 am
ashley: and they're gone. liz: not all of it is gone. stuart: most of it. liz: they have 4,000 stores. stuart: i'm sorry, i take that back. i didn't realize they had so many stores. you're quite right. ashley: 130 countries. stuart: i really take it back. liz: that's all right. stuart: sorry, payless, i will be a customer, i promise. disney they own espn of course. espn is telling its anchors to connect politics to sport whenever possible. i thought it was the other way around? liz: i think they're saying disconnect because you're too liberal. there was survey of sports media players, you know what is astonishingly, less single-digit percentage are republican. majority liberal. bob iger, at disney, that is ridiculous we're political here, espn ange cores are liberal. sad it at shareholder meeting. the fact it is radar screen an issue for espn and disney much now the perception that espn is too liberal out there.
9:39 am
that is a branding problem. bob iger says that is not true. it is not an issue. stuart: i will get to the bottom of this sooner or later. next one, this is for you, keith. you say irobot, the company make vacuum leaners. the roomba? liz: roomba. stuart: the roomba. they make those robot vacuum cleaners and you like them. why? >> well here's the thing, it is not just about the vacuum cleaner. it ilike tesla. it is not just about the electric car. you talk about an intelligence device paired with alexa. imagine vacuuming your house yelling at your vacuum cleaner from your house. that is what it will take. the it will map the house, tell you areas are dirty. look at my youngest son's room so i know. into 100 billion-dollar home automation market. that is the what is happening here and irobot is a
9:40 am
front-runner making that happen. stuart: i have to check the stock at the end of the day to see if you moved market. i will set up a debate here, todd who is doom and gloom guy on the markets and keith, who is a bull on markets. todd, go to you first. you have 20 seconds to make your doom and gloom case, go. >> first of all, i'm overall long-term positive but short term i'm very bearish. i think we're way overbought. we're seeing similar action we saw in the '90s with the internet stocks. they're blowing off every day making new highs. nobody cares. everybody knows the market negative going down again, first sign there is too much debt and a lot of problems. stuart: that is pretty strong case actually. keith, your 20 seconds. >> trillions of dollars are on the sidelines. mom-and-pop look to the future, not pat. valuations are relative based on growth, not what you think is worth. as longing a growth continues path of least resistance is up. stuart: to you, art laffer, i
9:41 am
say the market at this moment just wants to go up. are you with me, keith? sorry, art. >> yes i am. going back to dodd-frank. if there were judicious dismemberment and repeal of rts real anti-growth that could be more powe than tax rate reductions. if you look at economy, i think we have a long-term bull market just incredible ahead of us. you forgot to mention one. amazon may be taking over all this other stuff on streaming but just look at what fox news is doing to cable. it is just fantastic! so you are the amazon, you are the amazon of cable news. stuart: oh, don't you love him? he is all right, is art laffer. gentlemen, thank you very much indeed. keith, todd, art, great stuff. we appreciate you being with us, thank you. check that big board, yeah, it's a positive day, 93 points higher as we speak. 20,700, getting close to 20,800.
9:42 am
live look, capitol hill, replacing obamacare is still on the front burner. vice president mike pence meeting with the freedom caucus last night. the question remains, will we get a vote before easter? we'll pose that question and we'll get an answer too. member of the european union parliament says the "brexit" vote was a catfight that got out of hand. wait until you see this. we'll play you the sound bite. ♪
9:44 am
9:45 am
and japan's leader today. what's up don't know. check the beg board. now we have a gain of over 100 points. 103, 20,793. border arrests at the u.s.-mexico border, lowest in 15 years? ashley: 17-year low, stu. slightly less than 12,500 illegal immigrants caught ad botheredder. that is 403 illegals a day being captured. lowest point in 17 years. of the big drop in unaccompanied minors and family units coming across the border. all this in response, no doubt about it, tough talk on trump administration clamping down. we're seeing more illegal aliens arriving in northern new york and trying to get across the border into canada. happening every day. stuart: apple on the screen. just hit a new all-time high.
9:46 am
very close to 145. apple, next story for you. vice president mike pence meeting with the freedom caucus last night. our next guest publicly called out the freedom caucus. congressman chris collins, republican from new york. congressman, always back. always good to see chris collins. >> good to see you, stuart. stuart: can you give us an update on the state of play, the state of these talks? we know they have been talking all night. chairman meadows of the freedom caucus said don't rule out a vote this week. are we that close? is that possible? >> i used the example, i think the freedom caucus is playing loosely with the football -- lucy with the football. every time we have something, boom, they move the goalpost, lift the football, who knows what they're doing. the clock, we're running out of time. we're scheduled to go back to our districts sometime after noon tomorrow. i don't see right now, stuart, any way that we could do it in that te frame. the speaker has said, they don't
9:47 am
intend to keep us another day or two or three here in washington, even though i would be fine with that. looks to me, if we do get this done, it will be when we come back after a two-week easter break. i'm certainly hopeful that gets done. that sets the stage for tax reform, infrastructure and continuing to make progress. if we can't get this done, it really doesn't bode well for the rest of our agenda. stuart: congressman, it kills momentum, doesn't it? >> absolutely. stuart: if you could pull this out of the hat and get a vote before the easter break, that -- >> that work huge. stuart: it would be a huge plus for president trump, republican party. >> and for the stock market. which you watch every day. stuart: exactly, sir. i mean that market would have a field day if we got that vote. but you know? you're pouring cold water on it. when you said that the dow was up 108 points. are you going to move the market down? >> well i certainly hope not
9:48 am
because i'm going to remain optimistic that the freedom caucus will see the light at the end of the tunnel. if we get it done in two weeks, that's fine. i'm just afraid, when you go home for two weeks or you're getting beat up in the press, i'm not sure if positions harden or whether positions soften. we need to get this done. we need momentum. we know democrats aren't going to help us. we do know on friday justice gorsuch is going to be elected to the supreme court. we'll be done with that filibuster thanks to harry reid. now thanks to chuck schumer making it so difficult for us to get business done in the senate. i view that as a long-term positive. i do think -- stuart: it would be a remarkable plus for president trump for the republican party if this week judge gorsuch becomes justice gorsuch and you get health care done. >> well, and on the supreme court, just think, we're pretty confident president trump may have one, two or three
9:49 am
nominations next three years. without the threat of a filibuster, great news for us who are conservative. stuart: a lot of people see it as a plus for the republican party. >> yes. stuart: play "the nuclear option." it is 51 votes. you guys look good if there is another nominee in president trump's first term. >> i want them to get rid of filibuster on legislation. that it an archaic old rule. it is not in the constitution. that is senate rule. we would get more legislation done. trump's agenda pushed forward much quicker for legislation as well. be done with it. stuart: people want something done. >> they do. stuart: yes, sir. chris collins, thanks very much for joining us. >> good to be with you. stuart: appreciate it. whoa, what just happened? liz: look at that. stuart: in a moment. now we're up 141 points. a sea of green on the left-hand side. that is a rally, 20,800. there we are. ashley: that is what a positive interview can do. >> chris collins moved the market up, i don't know.
9:50 am
next, why one european politician is calling the "brexit" vote a catfight. wait until you see the video. back in a moment. they could affect your accounts, so let's get together and talk, and make sure everything's clear. yeah, that would be great. being proactive... it's how edward jones makes sense of investing. at angie's list, we believe there are certain things you can count on, like what goes down doesn't always come back up. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. discover all the ways we can help at angie's list.
9:51 am
9:52 am
the rest is up to you. you might want to consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like any medicare supplement insurance plan, these help pick up some of what medicare doesn't pay. and, these plans let you choose any doctor or hospital that accepts medicare patients. you could stay with the doctor or specialist you trust... or go with someone new. you're not stuck in a network... because there aren't any. so don't wait. call now to request your free decision guide and find the aarp medicare supplement plan that works for you. there's a range to choose from, depending on your needs and your budget. rates are competitive. and they're the only plans of their kind endorsed by aarp.
9:53 am
like any of these types of plans, they let you apply whenever you want. there's no enrollment window... no waiting to apply. so call now. remember, medicare supplement plans help cover some of what medicare doesn't pay. you'll be able to choose any doctor or hospital that accepts medicare patients. whether you're on medicare now or turning 65 soon, it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. stuart: in case there is any doubt this is a rally, up nearly 150 points, 20,800.
9:54 am
amazon and apple hitting new all-time highs. wait a minute. we have got a report about apple and the new iphone. liz: from local chinese report. they're near suppliers. 10th anniversary of iphone could be delayed to october or november. usually a september launch for the new iphone. technical issues, meaning curved panel. they may be having issues with that. new technology, 3d sensing could be issues with that. stuart: not affecting the stock price, an all-time high, close to 145. how about this one for you. a pure european politician, he says the "brexit" vote was catfight between conservatives. roll tape. >> there will be one stay or another, dear colleagues, a young man or young woman will try again. will lead britain again into the european family once again. [applause] and a young generation, a young
9:55 am
generation that will see bricks sit for what it really is, a catfight. in the conservative party, that got out of hand. stuart: he also used the word stupid by the way. did you see nigel farage laughing. ashley: that was classic, wasn't it? majority of people in the uk voted to get the heck away from brussels. it wasn't a catfight in the conservative party. he said look, future generations will look at "brexit" in the uk a waste of energy, stupidity and try to get the uk back in europe. let's not forget when britain entered the european union, it was sick man of europe. we enabled it to negotiate in the world like heyday of british empire. stuart: that is a lot of nonsense. i tell you who resuscitated british, margaret thatcher reduced capitalism into the united kingdom. the economy took off.
9:56 am
wealth creation like you wouldn't believe. leaving sclerotic socialist europe behind. ashley: thought it might. thought might. no wonder nigel farage is laughing. stuart: the guy said, we helped brits emerge into the 20th century. we helped you. nonsense. that is not story. calm down, stuart. senate democrats, senate democrats want to block judge gorsuch to the supreme court. the republicans are prepared to go nuclear. i got a question for everyone, what's so wrong with that? my take is three minutes away.
9:59 am
10:00 am
vote. this is a good move and a simple majority rule applies to nominations in all legislation. yeah, i think it's time for serious change. the tradition and rules of the senate. maybe you're right. maybe so. what i do understand is voters anger at the do-nothing congress. that is the case. people want to get the country moving again. they don't understand that. postings. why must we secure 60 votes in the senate to confirm anyone to the supreme court. i don't see it in the constitution. the democrats and their impractical to all things trump would've brought this on. i think they look silly. they make marathon speeches to kill the nomination of a judge who most everybody agrees as well qualified. voters are not going to accept
10:01 am
the minority party dictating policy. they really don't like this tit-for-tat backbiting. so the rule change on the supreme court nomination is coming. after that come in the same simple majority vote will apply to everything. i think that's going to happen. that comes before the senate. yes, it's going to be different and yes it will have consequences we can't yet see. but things will start to move in right now that is more important than my lesson and less obstruction from angry left. the second power of "varney" is about to begin. stuart: solid gain of 144 points. 25 and 833. look at the tech stocks doing well again in rick scott three out of the fabulous five on the upside. they spoke on amazon, microsoft
10:02 am
up to. netflix is not actually in the fabulous five that we just put them in because they're doing well. amazon has made a deal to his green 10 thursday night nfl games for 50 million bucks available only for prime members. look at him assigned though it can. $918 per share. we have walgreens. it's got a surprise drop in sales. it will close 60 additional sales, all part of the big cost the big cost-cutting effort still expected to finish write a acquisition but the stock is down a bit more. monsanto seed sales climbing, continuing a return to growth. it's a 1.5%. look at the senate floor. we're about to see senator jeff merkley, democrat of oregon continuing his marathon speech to protest and try and stop the gorsuch nomination. doug shawn, former clinton pollster, fox news contributor. the top of the hour, two minutes
10:03 am
ago, and i said get rid of the nuclear option. go to a 51 majority vote rule for everything, legislation included. am i right or right? >> certainly put the gorsuch appointmento do that. you are right there is a log jam. there is a logic your 60 votes to have bipartisanship on them as you well know we don't have that and i work in a really tentative and short term i support what you are saying because any progress in the country. what bothers me is the more division and divisiveness that will come from that change, but frankly stuart, i have to agree with you that getting things done, tax reform, infrastructure and health care is more than fighting. stuart: senator schumer has made a tactical mistake. i tried to go for the filibuster on this particular nominee, he encourages the nuclear option, which means that there is another nominee from trump later
10:04 am
down the road from a simple majority vote. >> it also divides our country. gorsuch is qualified by the standards we use, which is not his ideology, but his judicial temperament and fitness. i think he's fit. i disagree with them, they certainly should be confirmed is at least three democrats agree. true to what you think of the susan rice situation? sure looks like she was involved in some degree of the trump campaign. what you think? >> i was watching when she was on pbs and she was unequivocal in saying she had nothing to do with any sort of surveillance, leaking, anything. and then it turns out that maybe she did. we need an investigation. i am deeply disturbed not so much as a democrat, but as an american that the national security adviser would be potentially unmasking people for review of raw intelligence.
10:05 am
stuart: i think president trump made that tweaked on that saturday morning among the go. this partially backs up what he said. the obama team had been surveilling the trump campaign. >> he was speaking specifically to the president himself surveilling and and we have no evidence of that. i just think from his stuart, we need a full scale investigation to know what was happening with the russians, susan rice, democrat, everything. we've got to get to the bottom of it. stuart: the democrats are charging forward until the susan rice and appeared in now is a much more backlit. >> that that's totally true. i must tell you i believed susan rice has a lot of questions a lot of questions are answered. stuart: you're still a democrat? >> i am. it's getting tougher and tougher.
10:06 am
stuart: you're all right. president trump unveiled his plan to rebuild america. it's a trillion dollars infrastructure spending plan. don't hold the king joins us now. american action foreign president. this is the question everybody has been asking here. how do we pay for this trillion dollars plan? who pays? >> in the campaign the president's proposal is about $130 billion of taxpayer money into his plan account of the private sector with coming up with the remainder. that's an open question, stuart. rather than picking a number, a good idea for the president to lay out principles. what are the kinds of infrastructure that we need? how will we select projects and what kind of reforms will carry on with it to get instant faster, more efficiently and at less cost. those are more important than the trillion dollars price tag. stuart: but everyone saying you spend all this money just $137 billion. yourself and send areas money.
10:07 am
tax rates for individuals, tax rates for business. cutting up on medicare taxes. pretty soon you end up with a whopping great big deficit. that's got to where the deficit hawks in the republican party. >> is certainly worries me. it inherits an unsustainable situation for president obama. already in a trajectory cannot continue on indefinitely. this doesn't take a step in the right direction unless he's got a serious plan to control entitlement spending. so far those are off-limits. going back to getting social security to be financially sustainable, medicare to make sense, medicaid to make sense. those are free not to fund study the kinds he wants to do in national security, those kinds of spending priorities. >> it's going to be a very long time before we see the deficit brought under control. it extends for several years. let me move on.
10:08 am
daniel terrel, i don't know why you are laughing. this is a big deal for the banking industry because he's the guy who wrote some of the regulations within dodd-frank that have really put a ball and chain around the banking stocks. so he's gone and he's criticizing dodd-frank. this would seem to open up the banking industry for deregulation and the real growth. >> in particular, he is happy with the poker rule. music to my ears. the inquiry commission, which took a close look at what the financial crisis. the proprietary trading by big names with anyone involved in a crisis. along comes the poker rule designed to put handcuffs on proprietary trading by large banks. if the non-workable rule. this inexpensive role and it's really a good u-turn to say we
10:09 am
we -- it's not working. when you get rid of it. stuart: i know you don't normally comment on this, but we've got a great rally on wall street. 173 points off 20,800. can you give me a reason? >> i think if you look at the adp employment report, another big number for jobs in march. that closes out a strong first-quarter job creation. if you had a point to one thing that led to it, if the regulatory freeze. an environment where is 3 billion to zero. the business notices that. stuart: thank you for being our guest market commenters a day. we appreciate it. if you can bring a rally, you'll like it. panera now going private, being bought out by jad, investment firm based in eupe. first of all, give us the whole string of iran's big jb -- or
10:10 am
whatever it is. >> jb holdings from germany. they on peace coffee. they don't care about. i am cured green mountain. these brands, too. calvin kline, jimmy choo. nobody knows this. this is the reagan family germany worth nearly $17 billion. it's a powerful dynasty in germany. it's one of europe's biggest and they've been on big acquisition spree by and at this casual chain coffee chain companies. stuart: they must like america. they are all big in america. >> you got to wonder who else is on the radar screen and who also be targeted. >> i can speculate. stuart: how many people in the account many people in the account and client was a german conglomerate for job investments? jimmy choo shoes? green mountain coffee? capitalism is all right.
10:11 am
this for the border wall are officially in. we will talk to a contractor who actually put his hat in the ring despite threats against him. next come in a coma model brooklyn backer off the runway. she'll tell us how she plans to put women's entire wardrobes in their pockets. if the second hour of "varney." here comes her claim decker -- brooklyn decker. ♪ yes? please repeat the objective. ♪ thrivent mutual funds. managed by humans, not robots. before investing, carefully read and consider
10:14 am
10:15 am
my life dear >> it's a store in jersey. you've got to be kidding me. let's get serious here. the dow jones industrial average in rally mode of 175. look at that green. 29 of the 30 dow stocks iraq. the loser is apple having hit an all-time high moment ago now down a fraction. now they are unchanged. mcdonald's, their marketing chief out. that's another management shakeup. the market likes it. the stock is up over 1%. 131. now this. kendall jenner, sister of kim kardashian getting mocked on social media for a new pepsi ad fascias and. liz: is being called exploitive and tone that you're basically it's leading a peace protest and controversy to make sales. you see kendall jenner their walk-in after a photo shoot. she takes off her blonde reagan is now going to approach a line
10:16 am
of police officers and hand over a soda can. stuart: you missed it. that is a black lace knot or rally. that's the rally going on. it's not a peace rally. liz: it is a piece model. it's complicated. let me give you the ridicule on the internet of it. if i carried a pepsi, i would've never been arrested. basically you're exploiting controversy to make sales. stuart: okay, okay, all right. these days, it's very difficult to separate daily life and social media from politics. it's very difficult to separate the two. we scanned our next guest twitter feed, barely any mention of politics at all. the crew is here. supermodel, brooklyn decker. can i call you by your first name just like that? >> i think so. but us what you call me? whatever makes you comfortable.
10:17 am
stuart: no politics at all? spin it or a little politics. i believe in acting inaction over tweeting. i think your more powerful with your dollar and action in putting out a tweet. trained to look, got a new website now. finery.com. if i understand these things come it's an attempt it's an attempt to put a woman's wardrobe into your pocket kind of thing. some of which are up to peer >> with critter productivity platform to help save women time and hopefully money and hopefully help them spend smarter and shop smarter. women spend two hours a week figure out what they want to wear. most women would rather spend their time working or spending time with their children. more important things. stuart: you're wrong. >> so they gather all of your purchase at the last 10 to 12 years online consolidate them into one on myspace and not what you can within your wardrobe. the services and websites for
10:18 am
your travel, finances, but nothing for wardrobe. women spend more on their wardrobe and college education. so it matters to women. we figure why sonata productivity platform out there for women? >> are you selling product organization? >> we are not selling anything. we are promoting organizion. we give you wish list list notifications come the ses notifications, on her price adjustments. we are making money money and letting their wardrobe work for them. there's nothing out there like that. true to it is free. how do you make your money? >> we eventually plan on -- but only where 20% of our wardrobe would have to join dollars worth of wardrobe hanging a closet and that's only in the united states. so ideally want to show women that they have come in to see what they don't use, they can sell it or trade it to an online commerce. stuart: your husband as the tennis guy? >> yes, he is.
10:19 am
stuart: he designed the website? >> , he did not design the website. here's the thing. my husband came up a share commerce which is very embarrassing and when it's not saying that publicly. i need to stop giving them credit. he said you have so much that you don't wear. but a donated, share, sell it. i fully plan on doing. stuart: so he was critical of your wardrobe? >> you wanted it to be utilized better. he wanted me to utilize what i am better. there's so much there that you don't wear. do something with the denny's right. it is true for most of them. 80% of our clothing goes on more and. stuart: i'll talk about the website. does he play tennis still? >> it as playing tennis. stuart: we had greg norman on the show, the great golfer. he doesn't play golf any longer. he did not know her worldwide.
10:20 am
>> obviously had a great experience, but to be an individual sport athlete you have to have a true love for the game. he didn't like being on the road 11 months out of the year. but it has much more difficult than the call schedule. stuart: finery.com. you are gross and frankie on netflix to jane fonda. there's no politics on her website. >> there's no politics. stuart: unbelievable. >> that said, if you look at tech companies, only 7% are run by women. you can say we make a huge clinical statement by having two women who started a technology company to critter productivity women for platform -- platform for women. stuart: there's a role in television news that the first thing that appeared mouth, not the last thing, the first minister had mine. you saved the best for last. >> by the best for last kind of person. stuart: are you going to come again? >> if you have absolutely.
10:21 am
stuart: brooklyn decker, as they like to say, you're all right. thank you indeed. president trump meets chinese leaders xi jinping tomorrow. he says north korea launches another ballistic missile. we've got details on that for you. resident of him as national security adviser susan rice appeared on television. she revealed the names of trump's transition team. "fox and friends," brian kilby momentarily. at angie's list, wee
10:23 am
there are certain things you can count on, like what goes down doesn't always come back up. ♪ [ toilet flushes ] ♪ so when you need a plumber, you can count on us to help you find the right person for the job. discover all the ways we canelp angie's list. because your home is where our heart is. [ [ screams ] ] [ shouting ] brace yourself! this is crazy! [ tires screeching ] whoo!
10:24 am
boom baby! rated pg-13. [ screams ] [ [ screams ] ] [ shouting ] brace yourself! this is crazy! [ tires screeching ] whoo! boom baby! rated pg-13. [ screams ] north korea has launched another ballistic missile right before president trump meets china's leader pang tomorrow in florida. now secretary of state recollection til or son had something to say about this latest missile blast here it is north korea launched another red
10:25 am
ballistic missile united states has spoken enough about north korea. we have no further comment. anything more on this? >> basically time for talking is over with regards to the administration also saying look, the clock has run out on north korea all on the table. we did hear fox news told by the pentagon that that missile launch likely was a failure did not go as far as intended and probably did not even japanese waters at first landed in the sea of chap and believe the launch was a failure but no surprise that north korea doing this just ahead of that meeting between -- president trump and the chinese president. >> we'll see how this pans out but not going to treat the north koreans look they've been treated for the past generation i don't think that is going to happen. dow industrial now up 179 points. look at apple and amazon please both hitting all time highs. in particular, amazon 912 a share. wow.
10:26 am
trump blaming barack obama's failed policy for devastation? syria the gas attack this as denies assad's involvement we have the details. espn in panic mode as viewers are change the channel rejecting the network's lefty bias. espn is trying to u update its guidelines could be too late. stay with us, this is "varney & company."
10:29 am
10:30 am
which is with follow very, very closely because they've been doing so well. facebook amazon microsoft and apple all of them up today. alphabet down a tiny fraction. look at my amazon in particular, $914 a share right now. we're about to get the latest read on crude oil how much we've got in storage. and at the moment price is $51 per barrel he's the gnarls i think -- numbers go, up 1.75 million barrel so more than expected. 1.75 million barrels. up, they're expecting to be going down in other words a draw aredown of 1.1 million, a big swing in the midst and analyst estimates here. so youknow you see oil in bullish territory because there's been lib general outages thing of that nature. account doesn't make sense to me rerepeat swim manager it and yet it doesn't have a big impact. >> swimming in it another 500 million barrels stored in america. >> that's right and price stays at $51 a barrel i find that very
10:31 am
intriguing. >> thick in there no move even though we have much more supply. big board shows gain of $17 points for dow industrials, and get become to the big tech stocks easy well. of them are higher all of them are at or near record all time highs. there is a report that apple may delay the new iphone launch delay to october or november. that's a local chinese manufacturing report what you got? >> up 1.75 million. just a correction. >> yeah. so we've got tay report about apple may be delaying its new iphone a month or so. no impact on the stock that's an all time high. plug power -- soaring after announcing a supply agreement with -- amazon. now use the plug power fuel sales an hydrogen technology
10:32 am
connected through amazon you're up. now this, president trump is placing blame on the obama for the recent chemical attack in syria. zudi joins us now forrem for democracy also the book the battle for the soul of slam. what do you make of this sudi i should call you president trump says it is obama to blame for the gas attack. what do you say? >> well, you know, stuart there's no doubt whatsoever that we are with where we are today because of the feckless weak nature of the obama administration because they had a red line that was meaningless because secretary kerry said he would have the chemical weapons remove and we know that was a shame and a lot less but now on president trump clocks he's been president for going into 60, 70 days and bottom line is this act was tone there's there's no tact but used to instill fear in the st and used to basically tell the world that assad can do
10:33 am
whatever he wants iran will let him do it and only days after secretary tillerson said his fate is up to syrian people which is basically the talking point of iran and russia that somehow syrians are determining their own fate and not determining their own fate. their fate is in hands of iran, russia, and assad. >> gas attack then a challenge to you to president trump. what are you going to do about it? >> exactly. i mean, prumple can use tough language with when he's talking to north koreans what he's talking to china yet it really took until late yesterday afternoon when tillerson finally said this was barbaraism why not use the same tough language to say get russia out of syria and get iran out of there and term their own fate hold them accountable to global moral standards against use of chemical weapons and families have been leading in aleppo for
10:34 am
years trying to determine their own fate while america stood become and we let them cross every who are risk line and what will history say about what is happening now under president trumpedç administration. stuart: do you want him to take out assad with a missile? >> not right now. i used to think that was a good idea but now so much chaos there but a strategy. when he's talking to lcc leaders in the region should be number one to let syria determine its own fate and get russia and iran out. number two, get saudi arabia and and no-fly zone is so these type of humanitarian disasters don't occur and then start to see trajectory towards the end of the assad regime. there is no future. you keact get rid of isis without also seeing an exit of assad. this killing ayes isis is good
10:35 am
idea but doesn't a syria policy make. >> always a pleasure thank you for joining us on a very different situation for you you have relatives in syria we understand that. thank you, sir. >> thank you. >> let's get become to amazon always in the news that signed a streaming deal with the nfl, details. >> they want to be a worldwide player in streaming sports so they get the basically spend dlrg 50 million on ten nfl thursday night game that's a lot higher five times high higher ash pointed out twitter paid $10 million for the same package but when you look at it closely all amazon has to do is add half a million which they easily do prime members and pay off that deal. and when twitter did its deal last year it added 2.7 million new followers so you know, it pays it will pay for itself that's the deal. >> that's a good point. let me make this point, if i'm an amazon prime member, i can
10:36 am
get those ten games nfl streamed on to my smartphone right here and it is free. >> it is well for 100 -- >> already paid $100 a year that's right. that is correct. watching sports on this. >> quickly and amazon will stood at nfl auction table in 2007. wait a second a sports guy he know this is kind of stuff on the radio but taking time out to be with us on it's. expandings his audience, of course, ingdz these things. sorry, brian. i think this is a rather dramatic development from amazon streaming ten nfl games, are we about to see the demise that gradual demise of sport or cable television? moving to these things? smartphones? >> i think there's a couple of things going on. everyone feared if you stream you're losing viewers. we found out fox news and fox business it is not necessarily the case but the choice but expanding the audience. i think what nfl is trying to do is stay up with the audience and make it easier and i believe
10:37 am
there are a little alarmed about what happened last year for the first time in the last time ratings actually dipped. attendance was solid and they want to say colin cammer nick took a knee that's the problem and that is standing for national anthem say games have been bad but i think what they sit dun and realize stillon what they're promising advertisers thbs let's expand the audience, don't panic. we'll stream it. they do do one on yeah with yahoo! looked at successful wasn't the biggest gain this the world. stuart: i've got a feeling that watching a football game on a screen yay big is different from the jumbotron last word on that subject. last one would be this. >> when you are punished you're forced to go into your room and watch the black and white television with the circle antenna. now, we're going to sit there wan ipad or iphone and watch a game alone or walking in a street into something. i would still want to hang out
10:38 am
at the varney mansion with the flat screen, and just have the free food and o.c. we the wait waitress serviceç so stream it and i'll come on over. >> something really serious not so -- serious now, you follow this on a day-to-day hour to hour basis that's the susan rice unmasking story. watch the very latest what do you make of her predicament if i can put it like that? >> fascinating more on the air more she speaks her people say i don't believe her for the most parts and networks forced to carry it. remember a16 yesterday at the new york times they cover as interaction, now it movers up to page 11 on "new york times." and we're 26 seconds on sunday a lot more on other channels because susan rice was convict he's. i think everyone thinks about just think about this, we just want to know why it was so necessary for her dozens of times as reported three separate sources, for her to unmask who the american was on the other
10:39 am
side of the international call. and let's go back to this, the most fascinating guest last night i thought was on bill o'reilly show adam housley producer says what if it was the opposites and nsa contacted her and said i request wink wink, nod nod that you ask these american one and american to be unmasked by fascinated by what you see so trurp officials there wouldn't have noticed unless she requested it. then that information gets into the, into ether of the obama administration, pushed out in january, about to create chaos in february, march, and april. if that was the goal, man, it worked. stuart: the big -- a lot of people just can't get a grip at all with details.the mah minutia of this but now there's an element of truth in president trump's tweet that saturday morning a month ago said obama bugged trurp tower there seems to be at least an element of
10:40 am
truth in that tweet, right? >> yes. however i will never think that was a good move as long as i'm on this planet a distraction and i go back to a charles said last night the world is on fire. we need a rapid attention in north korea, in syria with the trillion dollar -- infrastructure deal. we've got to find something on health care. can -- this is a clearly a distraction with no winners, and there was going to be collusion, but believe me would have heard of it already but in the end a big tie. nothing gained opinion nothing earned, a lot of people are going to say i don't believe the outcome anyway. and nothing is going to happen had and the relationship with russia is i'm going to accomplish russia's goal and more poison than ever before so act like russia's high-fiving over this which by the way i don't know how russia celebrated it but not sure if it is a high-five they use steroids and not supposed to so that's the time i see them internationally and never make the world cup but they're not going to be happy
10:41 am
we're not happy nobody is happy. >> there you have it brian on a stream of appearance on "varney & company" show today. great stuff we appreciate it and see you again very, very soon. : got it. appreciate it. look at this dow industrial up 176 points this is a rally. actually started at 8:30 eastern time morning. when we found there were 263,000 new private sector jobs this america ppg >> solid jobs led my small business, manufacturing, construction, and might might md paying jobs. look at that a sea of green. we'll be back everyone it's a rally. ♪ ♪
10:43 am
>> president trump saying it can take decade to complete infrastructure frontals because well too much regulation. cats ring wild and partnership in new york city ceo says the system, quote, needs to be fixed, roll tape. >> you want to do anything and some lawyer will sue you to stop you. >> litigation is a big problem but as the president pointed out yesterday, there are 17 federal agencies. 29 law, federal laws that currently you have to go through to get a highway started, for
10:44 am
10:46 am
senator jeff just ended his 15-hour talk-a-thon on the 7th senate floor. he was trying to obstruct and stop judge gorsuch to the supreme court this was the last line, loll it. >> and finally this is an extreme nominee from the far right who doesn't believe in the fundamental vision of we the people and make decision after decision through torture, twisted, contrive arguments just trying for the powerful over the people and that is unacceptable. thank you mr. president. 15 hours and republicans have gone nuclear judge gorsuch confirmed by friday an a simple majority vote in the senate. he's in. big board show it to me we're up 181 points i'm going to call that a rally almost 1% up. 20,870 is where we are.
10:47 am
look at the dow winners of all of the 30 stocks which are big winners among 30 all on the upside okay got that. look at the big winners mcdonald's. caterpillar. chevron no technology stocks of the dow biggest winners but there you are. we're going to show you some video -- president trump with a big chart yesterday. demonstrating red tape and bureaucracy in action is telling everyone how hard it is to get infrastructure projects approved permitting process is just enormous he says. our next guest wants to build the wall. james flanagan at jk flanagan construction owner that have construction company and he joins us again this morning. have before we discuss bidding on the wall i know you've done that. talk to me about permitting process because president trump made a big deal out of this yesterday. this one holds people up. how about you? >> yeah, i mean in all construction yienl even on local
10:48 am
level, i mean, it is a process. i mean, there's good reasons for it. i mean especially with engineering things need to be built correctly so governorring no, sir need to make sure that happens but as far as infrastructure projects, i mean, i know -- that it can take years to make happen and we need to fast track things to get things repaired busy our country is literally falling apart. >> okay how about the wall you're bidding on. you're a contractor you bid on it. have you bid on what is it you are in the concrete business? yes, sir that's correct. >> bidding to put the concrete in the wall? >> the concept to build the wall and i think as far as the wall goes, i mean, there's not one wall that kind of does it all. i mean, there's a lot of technology firm it is that are involved. they get e-mails every day from all kinds of dirchts companies from around the country that have different technology and different materials incorporating this wall. as far as permitting goes i
10:49 am
don't know what they're going to want to do. basically i know we're responsible for making sure if there's utilities in the ground while building a wall because this willç go underground and don't hit any utilities you underground we have to provide our own security and i know that is raised other contractors have been is talking about having armed security and fencing because i think it is beginning to be a dangerous job in some areas. we're goig to need protection, and that is really hope i get to be art pa of it. >> you're in california -- what's the reaction to you bidding on the wall? >> well, right now i've had a lot of positive feedback last time i was on your show i've had people, you know, write me and call me and there's been a couple of negative once and you have to expect that. but you know, i just i mean for me -- you know, in is things we need. if we with don't have a border
10:50 am
we don't have a country and literally we're falling apart so we need to get this thing done a huge project. not just construction canes, it is going to be everything from -- you know companies to supply, you know, waste management and restrooms to -- companies like mine that could be help building the wall so -- i hope i get a portion and i can help do my parted to do that. >> come and tell us how you did on the bidding process jk flanagan thank you, sir. >> thank you, sir, i appreciate it. >> good luck now. next one jpmorgan chief, jamie diamond top banker he says, the brexit vote which we already seen could eventually lead to the breakup of the european union. and you think that's bad for his shareholder. >> he's saying that there's a higher risk are now that the eu could break up. and as you pointed out devastating economic had impact he sees it as a banking crisis as well so they're looking at trans, possibly with that referendum that marine --
10:51 am
winning, france could leave. >> if the european union breaks up it is tough over here. we all have a problem. there will be more varney after this. yes? please repeat the objective. ♪ thrivent mutual funds. managed by humans, not robots. before investing, carefully read and consider fund objectives, risks, charges and expenses in the prospectus at thriventfunds.com. 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 cialis if you take nitrates for chest pain, or adempas® 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.
10:52 am
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. hidden in every swing, every chip, and every putt, is data that can make the difference between winning and losing. the microsoft cloud helps the pga tour turn countless points of data into insights that transform their business and will enhance the game for players and fans. the microsoft cloud turns information into insight.
10:54 am
10:55 am
you are. listen to this from rick, here question go. stuart's ranting and talking over the guest ruining the show. friday tantrum with a millionaire was childish. i would like to hear what the guests have to say then make up my own mi. i won't respond to that ash and liz will. >> i've saidhis befor you shouldn't let himg finish his thought turned into millionaire gate. but what he was saying was -- complete humane had but remember let people talking when they're talking nonsense because they look sillier then you can really knock them down. it is your passion i get it you're really upset so not making any sense. wanted to shout him down but i take rick's point. >> so millionaire gate you want to fly -- spy on see how much they do get to charity. so you do ranting bad if this guy gets his way and raises every's taxes. the point being yes get to charity okay we get it but why
10:56 am
raise taxes and take money from families trying to raise their kids just because you want to give to charity we get it. that's a good thing we understand that. but there's a quarter trillion dollars -- abuse and medicare and medicaid alone clean that first. >> what he was saying is stupid but point is did stuart let him finish his sentence to sound even more stupid. >> you are right i should back off a little bit because talking over the top of the guest is not attractive for viewers or for the guest and that's a fact. >> we get that but not missing the point because the point is he's wrong. >> point of our viewers -- >> point of the viewer or butç bring the viewer there we don't want your taxes raised. >> stop talking on top of each other this minute. >> stop interrupting. i think that's done with messages about patriotic millionaire interview but i proments you this i will try to back off, not lose my temper, and not talk on top of our valued guests. and we'll be back.
11:00 am
stuart: i think we are entering a new gilded age, investors have poured so much money into america's stunningly successful technology giant that their founders are swimming in money, fabulous wealth. bill gates founded microsoft, larry page started google, mark zuckerberg, facebook and here is jeff bezos, the amazon guy who is now the second richest on the planet with $77 billion net worth. the real stunner about bezos he is up $27 billion just this calendar year. i don't recall anything like this before in my lifetime. wealth creation and accumulation on a grand scale. it's very person, do you remember the opening shot of the
11:01 am
movie patent where george scott says americans want to be top in everything, well, we are. we are certainly the richest. what are these guys going to do with all that money in what level of taxes is leg it on tens of billions of dollars in wealth? all of those questions are going to be hotly debated, but my take away is the success which america allows. these fabulously wealthy people made their money. they didn't inherit it like europeans aristocrats. that's the way america ought to be. are you with me? i know you are. the third hour of varney & company is about to begin.
11:02 am
♪ ♪ >> wait, wait. what the devil are we running here? i know, that because technology is on a tear. i mean no sarcasm. >> you're so contemporary. stuart: what does that have to do with technology? facebook, amazon, alphabet, will you look at them, all of them in the upside. that's what i was talking at the top of the hour. those are the fabulous five making way for the rest of the world. 142.96. new high. check the overall market. solid gain there. 169 points. we had very good private sect or
11:03 am
job numbers released at 8:30 eastern this morning. that's what kicked off this rally. all right, quick look at the price of oil again for the sixth time in seven days, prices have been going up. that's astonishing because we have a great deal more supply in the supply chain but the price still goes up. how about panera, can i call that the stock of the day? probably, it's going private. buying out from major investment form jab, panera is up at 311. we still follow tesla, over $300 a share, down a fraction but still at 300. we repeat this. tesla is now more valuable than the ford motor company and closing in fast on general motors, how about that big tech stocks apple, google, amazon, facebook, at or near all-time high. money keeps pouring into those
11:04 am
stocks. any reason to believe that after these massive gains it's time to pull back and take your money out of any of those big five? >> no, at this point, no. this is -- we just continue to ride the stocks. i love the fact that you're calling them the fab five. they are at the leading edge of technology in our lives. there's no reason to sell them. if the market pulls back, i'm a little bit cautious. these are great stocks to own for sure. stuart: some people come up to me, this this this is the.com o. is that a valid criticism? >> no, that has nothing to do with eyeballs and the idea that folks are going to eventually
11:05 am
monetize the eyeballs that they had. these are earnings' companies, fantastic earnings, tremendous profit, maybe some stocks, lower level technology companies are trying to get to monetize users. they have nothing to do with 1999. this is the future. it's going to continue this direction for the companies. >> shaw, right after the election, you were the one that said this market was going to go straight up and then you said this market is going to go to 21,000 and it did. we are now at 20, 847, are we going to keep going up in this market? >> fund mentally there's no place to go but up. there's always more capital being created every single day and fewer shares because of buybacks and merger acquisition, we don't have ipo train that we used to have a few years ago.
11:06 am
fewer shares for investors to purchase. stocks fundamentally don't have no where to go but up. underlying all of this is bullishness all around. i think the market can double in the next five years. it's got no where to go but up. stuart: double in the next five years. no where to go. >> the growth potential for the companies and you look at again, ftseer shares and more capital is being created, this is where the money is going. the return isn't there, the return is in equities. stuart: you have a rising round of applause of every single viewer that invests in stocks anywhere on the planet. you're all right, shah. come again. check this out, please. john kelly is the head of the department of homeland security. he says, border arrests are at a 17-year low.
11:07 am
republican from north carolina, senator, you mad a trip to the border quite recently, given those numbers, 17-year low for the number of people coming across and being apprehended, that would seem like president trump's policy is working, don't come. >> i think that that's a part of it and when you add to that border security consideration, things that we can do to keep our border security personnel safer and have a better awareness of what's going on in the border, i think that we can solve this problem pretty quickly with the right result. stuart: but you know people are going to say if we are at 17-year low for crossings, we don't need a border wall, what do you say to that? >> we need to think where the pot is going and not where it gets. we have to be prepared for fluctuations and if we use this time to come up with a reasonable strategy for the people technology and infrastructure we need on the
11:08 am
border -- stuart: we just saw the end of senator merkley's marathon speech where he's trying to hold up judge gorsuch to be confirmed to the supreme court. the republicans are going to play the nuclear card, they are going to go with the nuclear option. i think that's a wonderful thing and i would use the nuclear option on everything. i say get rid of it. what say you? >> well, i say that two great things are happening this week. tar heels won the championship on monday, gorsuch is going to get confirmed on friday. we will use whatever means cessary. it's really up to the democrats to determine whether or not we have to use a device that they educated us on 2013. this dates to senator schumer. he started this by starting to filibuster w. bush's judges and berkeley called the nuclear
11:09 am
option and now calling that it's not a good thing. do i take exception for filibuster for legislation. i think there's a way for the republicans to lead bipartisan efforts to get to policies and get 60 votes. i believe that there are members out there who are getting tired or schumer and warren's heavy tactics. stuart: thanks for joining us, sir. always a pleasure. >> thank you, stuart. stuart: yes, sir. former obama national security adviser susan rice says she didn't do anything wrong when she, quote, unmasked names of trump team members caught up in surveillance. listen to this. >> did you seek the names of people involved in -- to unmask the names people involved in the trump campaign, people surrounding the president elect. >> let me be clear -- >> in order to spy on them? >> absolutely not for any political purposes to spy,
11:10 am
expose or anything. >> but you leaked the name of michael flynn? >> i leaked nothing to nobody and never have and never would. stuart: fox news contributor and washington times political columnist, charles. before we get to the nitty gritty, i want to give my bigture here, president trump tweeted about a month ago that obama had bugged trump tower. it was dismissed out of hand. >> i would go one step further and say there's more than just an element of truth to it. people get hung up and they've always gotten hung up with donald trump over the precision of language or the lack of precision of his language but he's kind of a tabloid guy. you have to read the tweets like you read tabloid headlines and sometimes they are not with the specificity that we would like. but he's tweeting, he has a 140
11:11 am
characters and has a vivid way of communing -- communicating and he's doing that. nobody thought that, of course, not. what everyone -- every intelligent person thought was that he was accusing the obama administration of spying using the u.s. intelligence espionage capabilities to spy on a political enemy of the administration. stuart: he was right. >> it turned out that that's exactly what was going on and the defense that susan rice is making now, she started out by lying and said she had nothing to do with it. i did it but there's nothing wrong, it's perfectly legal. stuart: stay there, please. next we are joined by forme general, survivor to have 2012 benghazi attack that turn intoed the movie 13 hours. he remembers when susan rice
11:12 am
said that it was caused by video. >> what sparked the recent violence was the airing on the internet of a very hateful, very offensive video that -- that has offended many people around the the comfort in knowing where things are headed. control. and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future.
11:13 am
this is judy. judy is 63 years old. her mortgage payment is $728 a month. that's almost 9 thousand dollars a year. now judy doesn't think that she'll be able to retire until her mortgage is fully paid off. this is mike. mike is also 63 years old. his mortgage payment was $728 a month. mike thought he would have to work for another 12 years until his mortgage was paid off... and then mike heard about a reverse mortgage and how that might help him. he called one reverse mortgage to get the details. mike retired immediately after getting his one reverse mortgage loan. maybe you too can benefit from a reverse mortgage. call one reverse mortgage now and find out if you qualify. they'll send you an information kit that includes all
11:14 am
the details and the stories of mike and others. a reverse mortgage... is a mortgage with no required monthly payments. it was created for homeowners 62 or older so they can continue to afford and own the home they love. many one reverse mortgage clients find they can retire sooner, do more the things they love, or simply put more money in the bank. a reverse mortgage could change your retirement, and your life. i examined my finances and i said, there is no reason why i shouldn't retire today. 10, 12 years earlier than i had anticipated. in the first year, mike's cash flow savings totaled $8,736. after 5 years, it will be over $40,000. it really is worth a call to find out if a reverse mortgage can help you too. call one reverse mortgage now and ask for your free information kit.
11:15 am
>> what sparked the recent violence was the airing on the internet of a very hateful, very offensive video that -- that has offended many people around the world. stuart: okay, i'm sure you remember that. that was susan rice sent out to the obama team to five different shows to blame the benghazi terror attack on a video. we now know, not true. joining us now the author of the book, new book, the range away, this is the man who fought for 13 hours during the attack in
11:16 am
benghazi, kris paranto. >> nice to see you in person. stuart: you're not going to shake my hand? >> do you want m to? stuart: no. >> i put the antibacterial on. stuart: it's not that. it's the crushing. serious stuff. you were in benghazi. susan rice did not display real truth about that. now she's involved involved in w scandal, what's your opinion now? >> she's a liar, pathological or not she continues to lie. there needs to be some repercussions, the people in dc, i've seen a lot of them they they are untouchable. this is -- trump has been given the opportunity really to show or set an example and show that these people are not untouchable. stuart: you're speaking calmly and rationably. >> i am mad as hell.
11:17 am
it's hard to. but you can see my facial expressions, i'm not happy with it. and again, if congressman nunes, i know he's a good man and he will try to do the job as best he can, will he be block, sure he will. do the right thing, set an example and this sets an example and precedence for other politicians to not continue to lie. did i do a double negative there? i may have. stop lying. stuart: i get the point. >> walk around handcuffs on tv, then do it. stuart: you were firing guns in anker in the middle east? >> a little bit. stuart: we have another gas attack. >> sure, sure. stuart: your opinion on that. overthrowing dictators without a plan is not something that you need to do, that's what he did. now we've got to destabilization in the region. libya is a failed state.
11:18 am
problem we have in syria is we don't know what side is the good side. stuart: what should we do? >> you know what, at this point i don't have an answer for you. i wish i did. it's something politicians need to listen to. i don't have an answer and i don't. you have bad guys on both sides. stuart: presumably, don't establish a read line and fail to make it stick. >> how many red lines -- six or seven? stuart: i don't know. >> there's a reason a dictator is in charge. there's a reason they are in charge, if they're not in charge the way they are, you see what happens in libya and syria. stop putting blame. let's see what we need to do to fix it. he has smarter people, general mattis, are you kidding me, go to that guy, he can give you an
11:19 am
answer. stuart: the book, the ranger way. what's it all about? [laughter] >> you know what it is, it's about my failing, failing continually and picking myself up and never quitting. if a lot of those -- those failings had not taken place before benghazi, i think the outcome may have been different for me. i never gave up and the team never gave up and we continue today failed and we picked ourselves up and got over the obstacle and continuing to fight on. stuart: are you going back? >> i would like to. i've been offered possibly to go back but i have to finish out this year but next year i would -- i would love to go back to africa or the middle east. if anybody of the guys out there contracting companies, i'm available. i'm available. stuart: i have to get this in. you're in tn as in new york city for the casino night fundraiserine line foundation. you'll be making an appearance with pete rhodes. >> i don't know if i want to,
11:20 am
though. stuart: are you playing with your own money? >> of course, i will. it goes out to great foundation. building homes for veterans who have suffered ied attacks, loss of arms, loss of legs. they've been very supportive of me throughout the -- throughout the benghazi debacle. stuart: 6:00 o'clock at the new york athletic club? >> i think there's a dress code for that. i have to dress code. i have one of those. the tie is a little different, though. stuart: great to see you. >> nice to finally see you. stuart: firm handshake and i'm all right. [laughter] stuart: kris tanto poranto. >> those guys are tough. stuart: are they better than you? >> oh, no. [laughter] stuart: thank you, sir, you're all right. >> thank you, sir.
11:21 am
11:23 am
11:24 am
11:25 am
[ screams ] stuart: elizabeth warren, senator warren says that the pay gap between men and women is a national embarrassment. however, we looked at her own staff and we found that women make less than men on her staff. how much less? >> 20 grand less or 30% or so on average less. so why? because women are not paying jobs chief of staff position, president obama and hillary clinton were also criticized for paying their women less. stuart: charles, i would like a comment. >> not only does this reveal a lot about elizabeth warren, not just the fact that they oversimplify these thing but they are hypocritical and all of washington is so hypocritical whether you're talking about this sort of thing and the epa and all their dictates as if
11:26 am
they care more about the land that the epa. stuart: there's a place for you in the big apple. >> that's good to know. stuart: the market is coming back a little bit. we are up 127, we still will take it. 20,800. we will be back in a moment. my business was built with passion... but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. with it, i earn unlimited 2% cash back on all of my purchasing. and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business...
11:30 am
stuart: the story of the day is still on the market that is, it's still the big name technology stocks. look at them. apple, amazon, facebook, alphabet, amazon. they are at or close to all-time house. come on in, ed, investment's guy. any five that you would sell, get rid of them, would you? >> look, the general trend is going to dictate how well they do. the market is going well, the one you have to be soft about is microsoft, i'm sorry, stuart: what?
11:31 am
>> stuart, the point is the other companies can cross borders very easily without the trouble of getting trade agreements doing. [laughter] stuart:i didn't organize that. i own microsoft stock. so when ed comes out and says sell it, i'm not real happy about that. answer me this question, please. a lot of people say that the situation with these big name technology stocks is just like 1999 and the.com's, is there a parallel? >> no earnings whatsoever to begin with and they can't justify in my metric whatsoever what they were valued at. these companies are real earnings, real growth and they are real companies as opposed to what we had before. some of the companies grew into this like amazon, you know,
11:32 am
yahoo to some degree. but today these are real companies that can get into markets around the globe by just a couple of, touches of a button. as a result of that, this is where you're going see the greatest growth and these are going to be the highest earning companies in the world, all the tech companies. stuart: tell me about tesla because we think of that now as a technology stock? $300 a share. the market puts a value greater than the ford motor company. what do you make of tesla? >> anybody who is thinking should rethink it. what allows technology stocks to do well -- but it's not going to make money this year. its valued as the same dollar as ford. 151 billion. it's a real company with real infrastructure. tesla is not there yet. they are really doing well because of what they think is
11:33 am
going to occur in the future and, you never know what the future is going to hold for anybody. i would not be a buy tesla. not a chance in the world that i would buy tesla. stuart: 20 seconds, are you going to throw cold water over the latest rally? you don't think it's going to keep going, do you? >> i'm waiting for buzzer but, you know what, you have to scale back, you can't justify these earnings, you just can't. [laughter] >> i knew that was coming. you know what, be careful. be happy it's going up but scale back, it's going to have a reversion back to the mean. stuart: if we get a tax cut, you are dead wrong. all right, ed -- >> yes, you're right about that. [laughter] stuart: thank you very much, indeed. there's a controversy over disney and their unit espn. we understand that some espn viewers are not happy with espn
11:34 am
anchors because of the occasionally liberal slant that they will put on their broadcast. disney is now turning around and saying, we are going to -- we want to separate -- what are they saying? ashley: look, we don't want to have personal allegeds and political opinions on our news reporting sites, certainly on are aware of it. they did replace sage steele, a reporter for espn, she's made several conservative comments and she's now being replaced. she's still with espn, we should point out but replaced on this particular show. stuart: i don't know what disney is trying to do here. the problem here. >> i think you're right. remember eight years ago after president obama ran that thrilling campaign promising
11:35 am
post partisan america and not a red america or blue america. we are u.s. everything is infected with politics, whether it's the sports channel, whether it's the irs, whether it's our intelligence services, everything is infected with politics. liz: i don't think the nfl viewer wants that. >> i'm tired of it all. i don't want to hear it when i'm watching a game. stuart, no i don't. i'm with you all of the way. i'm going to be watching the masters this week and i do not expect politics at the masters. god forbid. [laughter] stuart: that's sacred. the blood pressure is going up. look who is with us, louie gohmert, member of the freedom caucus. vice president was talking to you guys a lot about health care, can you come to us and say
11:36 am
there's real progress and that you're real close to a deal, can you tell us that? >> well, he came to our freedom caucus monday night but last night it was more as i understand with a tuesday group and the republican steady committee, we did get together most of the freedom caucus last night, but what was proposed to us on monday night and despite the lies about freedom caucus moving to go, we never moved them anywhere but closer. that's all we've done but we continued to demand, this has never changed. we have to have something that would bring down premiums and what frankly was being talked about was last monday night and yesterday was how about we give waivers to the states and we are wondering, well, is that going to be something permanent or are they going to have to beg for them every so often and they'll be denied with democrat administration because i'm still
11:37 am
concerned we are giving the hhs more power, we are giving the secretary more power and we've got faith in tom price that he will fix it but the solution is not more federal power to fix abusive federal power. stuart: we are not discussing what happened ten days or two weeks ago. >> we are talking this week. stuart: are you going to be a governing party? are we going -- >> i sure hope so. stuart: which is what everybody wants. are you holding out for absolute perfection? >> we are just saying, give us a little bit of what we promised and all this doesn't repeal anything or at least do something to bring down premiums in the next two years. that's what we are begging for because that's what we are hearing from everybody except our wealthiest donors. stuart: that you are not -- >> not yet. stuart: that's what i'm hearing. >> we don't have -- we are still waiting for language.
11:38 am
they've said monday night we will get you language. stuart: if you saw it in writing, that little thing that you want, if you saw that in writing -- >> if the states can get the waivers without begging permission, if it's something that they can just have and -- and not have to beg the federal government and lose it, then that would be something tt should get us to a deal, but i've got to caution you, i have seen deals in the art of the deal back when i was a litigator, multimillion dollar deals and you'd be promised one thing and intentionally not have it in writing and when you say, wait a minute, we had a deal, well, you better go ahead and just sign this, we need to see what we've said we would be willing to accept in writing. it's got to be as represented, but i also -- another caveat, stuart, is one of my friends who is not in the freedom caucus said, he went to our leadership last thursday and said, look,
11:39 am
why don't we just agree to stay here and not even go home for easter until we have an agreement and he said, louie, their strategy is get constituents beat up when we get home. 10 to 1 ratio, they want me to take the stand we are taking. it's not going to work out if they're not in good-faith trying to reach an agreement, that's going to be a problem because we want an agreement. stuart: i have you sir. i do have to run. >> i know you do. i will be watching the masters late at night as well. that's good stuff. [laughter] stuart: good luck. >> yeah. stuart: charles, before you go, you've been listening to all of thi what do you make of all this? >> president trump going after the freedom caucus is not a good
11:40 am
idea. he needs to put pressure on democrats on health care. the debacle, they own that debacle. stuart: i just don't think they are that far apart? >> in washington they are not but the conservatives have to accept the notion that we have socialized medicine in the country for good and that's a big nasty pill for conservatives to swallow. stuart: it sure is. i was born in the national health service in britain. >> you know how bad it is. >> it can be. to the big amazon story. there's always a big amazon story. they paid $50 million for the right to stream thursday night nfl games. what a story? look at that stock go. we will be right a back. delivers more complete relief.
11:41 am
11:42 am
nicole: we see up arrows across the board. nasdaq with new highs driving the dow, all names to the upside, caterpillar continues to jump. earlier this week -- [inaudible] nicole: as i mentioned nasdaq all-time highs. they are taking a looking at record closing highs. some of the names on the nasdaq that are hitting all-time high,
11:43 am
amazon, ebay, microsoft and apple and these are all soaring, walgreens' ceo that approval is coming in the next week. maybe a year and a half for that. fox business 5:00 a.m., lauren simonetti and i will see you there. re on a perfect car, then smash it into a tree. your insurance company raises your rates... maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. liberty mutual insurance.
11:45 am
stuart: breaking news, reports just coming in that president trump's chief strategists steve bannon is going to be removed from the the national security council. liz: chief of joint chief of staff so he removes politics and ideology specially in face of national security crisis. steve bannon was always questionable and criticized for being appoint today begin with. stuart: criticism came from the new york times. ashley: and others. why does a political strategists have to be on the the national security cncil and when mac master was hired he could real do in the make-up. stuart: not a big deal. a step down for mr. bannon. ashley: a good move for the administration.
11:46 am
stuart: look at this. amazon, how much time do we spend on amazon? it's extraordinary. they have bought the rights to stream, that's important, stream 10 nfl games. i say it's important because they want to put sport on this as opposed to your cable tv. >> as ashley and i have been reporting, amazon will be sitting next to cbs and fox in the future to bid on nfl rights. so that's the big play here. they want to be the international leader in streaming sports, period. netflix is behind, hulu not doing it. twitter is having a fit, oh, my god, they have 10 nfl thursday night games for 50 million bucks. all amazon has to do for prime members, remember it's $100 a year. they have to add a half a million, you know, they've been adding a lot of prime members and it'll pay for itself. twitter added 2.7 million. stuart: if i'm an amazon prime
11:47 am
customer i have one of these things ski watch 10 nfl games next season streamed onto this free if i'm a prime member? >> yeah, you pay 100 bucks a year, that's right. stuart: to get in. i will take it. i might even do it. [laughter] >> you want me to be the skunk of the party? [laughter] >> enjoy watching games right there on a good-size screen. liz: stream on your tv. >> jeff bezos will find his way around that too. stuart: serious stuff and the judge is with us. susan rice, president obama's national security adviser, she said she didn't do anything wrong when she unmasked, revealed the names of trump team members caught up in government surveillance. napolitano is here with us now. >> i actually looked up the nsa
11:48 am
regulations on unmasking and unmasking is permitted only under the following circumstances, the conversation was lawfully acquired, the conversation was about foreign policy, the conversation was with a foreign person and it is necessary to understand the conversation in order to unmask. stuart: well, that doesn't meet the smell test. >> she unmasked it for herself so that she can understand. why did she have to understand what general flynn was saying to the russian embassador? how was that of a concern to her other than a political concern which she denies? stuart: look, let's read between the lines. she was essentially telling the administration, president obama, this is what trump and his team are up to. >> precisely, precisely and the use of american intelligence
11:49 am
data for political purposes is a felony. that is reprehensible and the fbi should be on this from yesterday from her admissions. stuart: i have to tell you, judge, this reminds me of the irs scandal where president obama in my opinion used the machinery of government to intimidate political opponents. same thing all over again. >> he clearly did and the instrument of that intimidation never prosecuted, i forget her name. i remembered in my rant, i remembered it. i think the susan rice thing is going to stick because the fbi is going to be forced to do something. stuart: another serious subject and that's the use of nuclear option to get to judge gorsuch on to the supreme court. i say there's nothing wrong with getting rid of the nuclear option on everything. from here on out, a 51 vote majority in the senate and you're done, you're passed. >> i think that the consensus
11:50 am
among republicans is to agree with you partially. they have gotten rid of it for federal district courts, cabinet nominees and other high-level nominees to have president. i don't care they're going to get rid of it for everything. someone wants to preserve an old tradition. bottom line, neil gorsuch will be justice neil gorsuch by saturday morning this week. timing, very important as we have discussed because of the cases that the supreme court is sitting on and is prepare today release in the next ten days. stuart: see, i'm an american. don't like -- >> welcome here. stuart: i want to break it apart. >> do we need the crown? stuart: no. >> do the brits need the crown? >> they should keep it. stuart: a system that works.
11:51 am
>> i thought you renounced all foreign princes. [laughter] stuart: i did. >> i love you, stuart. [laughter] >> you're telling me to shut up. [laughter] stuart: any moment now president trump and melania trump will welcome ring and princesses abdulla but we've never been the type to just sit back... h. when you have the right financial advisor, life can be brilliant. ameriprise my frii say not if you this protect yourself.ary.
11:52 am
what is scary? pneumococcal pneumonia. it's a serious disease. my doctor said the risk is greater now that i'm over 50! yeah...ya-ha... just one dose of the prevnar 13® vaccine can help protect you from pneumococcal pneumonia- an illness that can cause coughing, chest pain, difficulty breathing, and may even put you in the hospital. prevnar 13® is approved for adults 18 and older to help prevent infections from 13 strains of the bacteria that cause pneumococcal pneumonia. you should not receive prevnar 13® if you have had a severe allergic reaction to the vaccine or its ingredients. if you have a weakened immune system, you may have a lower the most common side effects were pain, redness, and swelling at the injection site, limited arm movement, fatigue, headache, muscle pain, joint pain, less appetite, vomiting, fever, chills, and rash. get this one done! ask about prevnar 13® at your next visit to your doctor's office or pharmacy.
11:55 am
stuart: very shortly we are going to see first lady and president trump -- president trump and the first lady of jordan and the king of jordan, they will be arriving, that will be king abdullah the second and queen rania. you know, liz and ash, it occurs to me that jordan is the only muslim can you not roy -- country which has accepted and keeps large number of muslim refugees. liz: the other states don't do that. what's on the agenda, first isis counterterrorism and the syria gas attack and issues with syria and the problems there and the palestinian-israeli peace issues. it could be a middle east summit
11:56 am
from the white house. there's more news coming. ashley: they'll push hard for donald trump to push israel to come to the table. the problem with the conflict is it continues to undermine overall peace in the middle east as we know but good luck on that. [laughter] stuart: last word on that one. i will remind you that president trump's chief strategists steve bannon has been removed from the national security council. a great deal of criticism that was on the council because he was a political guy and the national security council is all about intelligence and security. now he's gone. anything to make of this? ashley: general consensus is steve bannon was put on the principles' committee to check on mike flynn.
11:57 am
now, that this is all happened, we know what happened to mike flynn, there's the belief that there's no need to have steve bannon in that position so therefore he's being removed, however, from what we understand and the reporting of fox news he can still go to nse meetings. he can go to the meetings. stuart: he can report to the president what went on in the national security council meeting? ashley: yes. stuart: that is the white house -- right outside the white house, of course. we are waiting for the king of jordan and his wife who will be meeting with president trump. we see a lot of this. world leaders who come to the white house, the flags are flying, you wait for the motorcade to approach. it stops in portico. ashley: you're looking through columns and flags flapping in
11:58 am
the air. they have to come up with a better place to see what's going on. stuart: there's things more important, the angle to have camera. ashley: it's like buying an obstructive view ticket in the game. you have a pill or in front of you. liz: i agree with ashley. what's also interesting -- that's funny. the first lady will be on a meeting, meeting with queen rania as well. queen rania will be joining king abdullah. stuart: sympathetic relationship, let's put it like that. ashley: we have chinese president coming tomorrow. we were told earlier that the president will be speaking with germany and japan. stuart: that's right. phone conversation obviously. not a visit in person. now, i find that fascinating because as you say, ash, president xi of china meets with
11:59 am
our president on thursday, tomorrow and on friday and right before that pivotal meeting between two rivals i would say, our president talks on the phone with basically europe's leader and that's angela merkel of germany and another senior asian leader which is prime minister abe of japan. that is the first car to arrive in the motorcade. it is almost 12:00 noon. i bet they timed it that they arrive right at 12:00 noon. 45 second to go. we hold the camera waiting for the whole antorage. there's our first lady, president trump waiting for the king and his wife to appear. i guess that's queen rania. liz: correct. [laughter] stuart: that's the camera angle. liz: it's tough issues,
12:00 pm
counterterrorism, isis, syria with the chemical gas attack that's going to be on the table. stuart: my time is up but, neil, i believe it's yours now and i think we will shut up as we wait for the king and queen of jordan. neil: there's a little answer as to what ashley was raising. they used to take foreign dignitaries as king abdullah makes arrival, you had magnificent shots, they have chosen this entrance. i don't know why but i think ashley is quite right that as far as camera shots are involved, they are much easier and far more dramatic because it's all open. i thought that was a very good question, of course, on ashley's point here but the north portico enters the northern entrance to the white house that leads you to the west wing and
139 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on