great to see you all. give me your take away from a live program at bob: network, joanna. >> it takes a great team to produce a show like this one. maria: sure does and we have the best team in business. thanks, girls. thanks for coming by on fox business today. i'll send you right over to "varney & company" and over to you. stuart: maria, i'll take it. thanks very much indeed. the live action presidency is back wh a vengeance. trump piles it on and jams it in before the 100 day mark. good morning, everyone. three big developments, the tax cut plan, the middle class wins big. nafta, the president will not kill it. he will renegotiate. health care, the freedom caucus signs on to reform. now, the president is doing what he said he would do, action on taxes, trade and obamacare, the growth agenda appears to be back on track and here come the critics. the democrats say tax cuts raise the deficit. that's rich, isn't it? coming from the party that

doubled the debt in the obama years. and the new york times calls it a comic tax cut and give away to the wealthy, perhaps those rich democrats will give back their tax cuts. i'm waiting. all of that is politics. let's get to your money. google, microsoft, amazon, three of the fabulous five. they will announce their financial results today, very important stuff. how they do will make a big difference to your 401(k), which is already doing very well indeed. overall, the dow starts out this morning, just 140 points from its all-time high. it will go up just a little bit more at the opening bell today. we're very glad you're watching and listening on satellite radio, this is going to be fun. "varney & company" is about to begin. ♪ . >> we'll take a look at what they're proposing, but i can tell you this, if the

president's plan is to give a massive tax break to the very wealthy in this country, a plan that will benefit people and businesses like president trump, that won't pass muster with we democrats. stuart: that's charles schumer already slamming the president's tax plan. come in pete ross, republican from illinois. he sits on the tax writing committee. a give away to the rich. how do you respond to that, sir? >> i think it's complete nonsense. i think it's a predictable play book, sort of passive-aggressive coming from the democratic senate leader. if you look at this tax plan, this is a tax break for middle class americans, for job creators, everybody up and down the spectrum. their capacity it mischaracterize or ercharacterize is political fodder. stuart: the other crism, there are several. the big one, it runs up the defic

deficit. will you respond to that? >> we have to have discussion on that. we need a tax code that's permanent. we don't want to turn this into a big tax extender every ten years. the idea is permanence brings mo are growth because it brings more redi-- predictability. there's a blueprint to do that, but this is a faultline that's developing essentially. i come from the state of illinois which is an example of what not to do in terms of debt. avoidance behavior is what not to do. let's not take $20 trillion and pile on morement let's go for permanence and make choices. it's good news that the trump team has could many in with this proposal. >> is your government or constituents watching in? an example of what not to do? >> my governor is it the one basically telling the rest of the world and he's trying to lead the way out of it.

the point is, that this is -- the state of illinois is really under tremendous pressure, and it's all based on avoidance behavior. putting off tough choices in the past and let's not do that on a federal level. stuart: i want to zero in on what i think is the most important thing for middle america and that's the 15% top tax rate for subchapter s, mom and pop operations. i don't know what the final deal will be when it emerges from the senate. can you guarantee, really push hard and say, we're going to get that 15% top tax rate for pass through returns? >> well, there's two things that are happening. the first is a recognition for the first time ever that passed through entities need to be treated differently. that is subchapter s and llc's and so forth. we've got to treat that business income separately and the separate thing is get that rate as low as it can.

a house proposal 25%, and the president 15. and these are dials to adjust, but remember, let's push for growth, simplicity, and so that the tax base doesn't erode. stuart: congressman, we heard you despite the background noise, maybe that was some other network talking away. but you're welcome on fox business any day of the week. >> thank you, stuart. stuart: let's bring in fox news contributor, scott martin. do the markets like the tax plan we saw yesterday? >> they're going to love it. this is great. remember the markets the last few weeks, we were kind of getting a doubt that taxes were going through and health care was stalling. it started pressuring the markets, the markets started feeling heaviment now the administration is coming through on promise that went all the way back to the campaign trail that boosted the markets to begin with. seeing follow through and a great plan. i always kind of make fun of

the words that trump uses, disaster, phenomenal. he's right, this is a phenomenal tax plan, he's delivered again. stuart: do you need some more coffee? >> i left it in the green room and leff the room, come back and the cup is half gone and it's a different color. stuart: well, brenberg is with us. [laughter] >> there he is! . stuart: the market likes it. and we're up 10, 20 points at the opening bell. >> that's great for the individual investor because it's not like the market just took off on you in the last couple of days. you have a chance, if you've been keeping cash on the side line, while you've been doing that, and watching the show and the fab five leaders they've been doing great. if you have that cash mr. and mr. investor this is your chance. stuart: you think this is the second leg of the trump rally? >> absolutely. stuart: let's bring in, scott, i'm interesting-- what happens if the same thing that happens with the tax plan and the health care. and the conservatives who say

we can't blow up the budget. that's the scary thing. are they going to blow that again? you saw the comments yesterday from cohn. we've worked on this and laid out plan. if they blow this one, then, it's like, you fooled me twice, now i'm done. stuart: and the market will be for sure. and now let's bring in the aforementioned brian brenberg, happens to be a finance professor at king's college in new york. let's assume this is about ut in place or something similar, what kind of growth? >> half of a percent growth once it's in. stuart: that's it? connell: . >> tax foundation higher. >> they're talking-- >> no, they're not-- >> and what rate of growth if we get to tax plan. >> it will level up over a period of years. with the tax plan alone 2.4,

2.5 growth. a good start. let's add the regulatory reform on top of it, add health care reform on top of it. stuart: wait, wait, the question was about tax cuts. you don't think that tax cuts will contribute 1, 2, 3 extra percentage points to the economy? you don't think that? >> no. stuart: and .2%, that's it? >> we're cutting the corporate tax rate, come on. >> and the world at 15%, come on. >> 1/2 a percent is a big deal when you cut taxes on top of what we've got now, that's a great start, but it can't-- you can't live in fantasy land. stuart: i agree. >> that's all disappointing. stuart: it's disappointing. hold on a second, elizabeth, come in, please, who says it's a better growth rate. liz: tax foundation says 3% growth. >> that's more like it. liz: annually and could be 4 if you get obamacare in there. right now we have serious

issues, and you see paul ryan, on hardball. and no subsidies to the exchanges. the collapse is coming. two things are going to happen, obamacare reform and tax reform, that means the economy pops. stuart: i'm going to leave it at that for now. we have another two hours and 50 minutes to go. liz: that was fun. >> and brenberg, you better change your forecast. >> there you go, brenberg. >> it's going to be wonderful. stuart: watch this, please, the market will open higher today. 20-odd points up. that's the dow. s&p up, and look at that nasdaq, that will be up another 12 points. individual stocks, here we go. ford motor company, they did better than wall street thought they would do. strong demand for the heavy duty trucks apparently and that stock is up six cents, that's it. not much of a mover. stuart: under amour posted the

first ever loss, sluggish performer, however, they did better than expected. here are the expectations again, for heaven's sake. >> the stock is up 1.6%. 20 bucks a share that one. >> weight watchers, popped yesterday, after announcing that mindy grossman would be the company's new chief starting in july. grossman is the current ceo of home shopping network, premarket, it's up another 7% this morning. big tech names, at or near all-time highs, they will be reporting profits today. that will be alphabet, amazon and microsoft, all of those three stocks are up premarket. we'll have more details on the big three, part of the big five, later on the show. how about this one? watch out for the cameras, they're everywhere. a restroom emergency leads to a passenger being removed from a delta flight. roll tape. >> help me understand why? >> i need more information,

sir. i haven't done anything, i've paid for the ticket and i actually have to get home >> okay, that was the tape, i think we need the full story taken as it happened. ashley: you couldn't make out what's going on there. the a 39-year-old from milwaukee, on a delta flight headed home to milwaukee. the flight was on the tarmac for an hour and a half. that's a long time, a delay. he goes-- says to the flight attendant, i've got to go to the bathroom. she says i'm sorry you can't, we're third in line to take off, he says okay, 30 goes by and he says i've got an emergency. and he said sorry, folks, due to a problem in the cabin, we're going back to the gate, they had agents waiting to the

guy and he explained what happened, are you kidding me, and left. he was not charged. delta put out a statement, saying, look, where are we? our flight crew is extensively trained, especially at the critical points of takeoff and landin all passengers have to obey instructions, c you imagine beinon the tarmac for two hours, busting to go to the bathroom and comes appoints of no return, oh, my goodness. stuart: got to go. ann coulter canceling her speech at uc berkeley, she says the university couldn't protect her or the students. she calls it a sad day for free speech. more on that. environmental regulation going wild, land owners unable to get permits and some forced to give up their property because of a gopher, a special hf on their

land. "caddyshack." and warming up to the second draft of the president's health care bill? congressman louie gohmert says a vote can come tomorrow. more varney after this. your parents have been talking about you for years. sorry about that. they're all about me saving for a house, or starting a college fund for my son. actually, i want to know what you're thinking. have a seat. knowing that the most important goals are yours. multiplied by 14,000 financial advisors, it's a big deal. and it's how edward jones makes sense of investing. try new flonase sensimistgies.

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>> congressman louie gohmert, freedom caucus guy on fox and friends, fox news channel first thing this morning, he said there will be a vote on health care friday. oh, roll tape. >> the rules committee met last night to make sure that they've got the bill done before midnight, which opens the possibility of having a vote on friday. stuart: okay. opens the possibility of having a vote on friday. the gentleman joining us now is health and human secretary tom price. friday, mr. secretary? friday? doable? >> hey, stuart, good to be with you again. i think so. the president has done a masterful job setting the table for health care reform and i

couldn't be more proud of the work that he's done and i can tell you my former colleagues in the house have done a great job trying to pull people together to make sure we're moving in a better direction, understanding where we are right now in the health care system is not helpful for patients in the individual small market. increasing prices and deductibles, this is the next step and i'm proud of what he is going on. stuart: would you say that the action and activity of the freedom caucus has made the bill better, pulled it in a certain direction? is it better now? >> anytime you can get more individuals supportive of pa piece of legislation, by and large that means a better product. we're moving in a good direction and look forward getting it through the senate. the president and his team and here at health and human services putting on the president's desk, patients, and doctors are running the show and not the federal government.

stuart: when it gets to the president's desk and is signed. what happens to the people who get their health insurance through the exchanges right now? >> yeah, this is the good news because the goal of all of this is to make certain that nobody falls through the cracks. that we make certain that individuals are able to collect the health coverage they want for themselves and for their family, know that the government forces them to buy. a system responsive to patients, not just to government. that's the kind of goals that we have and i'm so pleased that what is moving through congress right now is a bill that will accomplish the president's goals in this area. stuart: sir, i'd like to get back to where we've started from. we've heard so many times, we're very close. it's real, it's going to happen, it's going to happen really soon. will it happen friday or saturday? repeat it, please? >> well, i don't know the answer to that. the question is, that when the speaker will bring the bill to the floor and i'm certain that he will bring to the floor when he has the votes to be able to pass the bill.

what we've seen the last two to three weeks is really a more collaborative efforts internally within the congress of the united states and that's what i believe is going to result in an opportunity to have us move a piece of legislation forward. stuart: can you tell me, have you got 212? 213? 215 votes now or what? >> no, as secretary of health and human services our job is to administrate that bill and that's the job of the whip and speaker and they're doing that now. i'm so proud of what the president has done to set the table for what will be put in place, a patient-centered elk had system that puts patients in charge not the federal government. stuart: mr. secretary, i know you've been working 24/7 and appreciate you taking time out to be with us this morning. >> thank you, stuart, take care. stuart: yes, sir. how about this? congress woman maxine waters, democrat, california, reportedly using campaign funds to pay her daughter's salary. we're talking hundreds of thousands of dollars. more details on that coming up

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>> what's the most important numbers of the day? i'll tell you, amazon, alphabet and microsoft, they report their profit numbers after the bell today. all three are near all-time highs. brian and scott martin with us scott martin, to you first. have you ever seen anything like the fabulous five? >> this is special times, stuart. it's so funny when you look at the overall market, the s&p and the nasdaq, tech heavy. you look at the names and fab five that you mentioned. look at the contribution to the market. they're so big because they fit in our lives. think how many times a day you touch amazon, microsoft and google. it sounds kind of gross, but they're all over the place. stuart: the fabulous five as we call them account for 40% of the nasdaq's gain and s&p is not quite as much. >> there's more stocks there. liz: a third of the gain. >> when you invest money, go

with the big companies, the cash flow positive, heavy balance sheet companies, those are the leaders. stuart: yeah, look at that, microsoft, amazon, apple, they're all up, that's premarket they're up. >> they're dominating the market in ways we haven't seen. amazon is capturing the on-line sales growth and google and advertising growth. destroying and disrupting spaces competitors didn't know they were competing with amazon, google, facebook. and they don't know what the upside is here, they don't know where it begins and ends and that's what's driving, the fundamental shifts in industries. ashley: is it good for the economy, all of this in a few companies, what about job growth? >> and we're coming up, a couple of points to make.

the three of the fabulous five, apple, microsoft and google hold nearly a half trillion dollars in cash. that's financial clout any way you slice it. in four minutes we'll be opening the market and dow will go up a little. we're only appoints-- point away from the all time high. back in a minute.

♪ ♪ stuart: well, this is going to be an exciting day, ladies and gentlemen. we've got ten we seconds to go before we actually start trading. we're expecting a modest, modest gain right at the opening bell. here we go, 9:30 eastern time. we're off and running, up 9 right from the get go. some green on the left-hand side of your screen, we're very close to 21,000 again, ladies and gentlemen. how about that nasdaq? let's have a look at that. now, we're holding, i believe, well above the 6,000 mark. there you go, up another 13 points, .2%. okay, doesn't sound like much, but 6,038 is a big deal. can you put the dow back on again, please? put the big board back on to, please. we're about to hit 21,000, i think. well, we were. [laughter] behold, the jinx. [laughter] i shouldn't have said a word.

it's going, it's going. come on, sports gaps. hey, scott martin, are you some type of trader? [laughter] let's get on with it. all right. whilst we wait, let's move on to amazon, alphabet and microsoft. remember, please, they report their profits after the opening bell. i'm showing you mcdonalds because it's at another all-time high. there is news on mcdonald's. we'll get to it in a moment, but all-time high, 141, mcdonald's. how about weight watchers? it has announced that mindy grossman would be the company's new chief starting in july. the market likes it. ms. grossman is currently is the ceo of home shopping network, and it's up another 6% on weight watchers. listen to this from the ford motor company. profit down 35% compared to a year ago. it took a hit from safety recall expenses, higher costs as well. weaker sales in the u.s. market. >> and it's up. [laughter] stuart: it's up five cents,

okay. 20,999 on the dow, bottom right-hand corner of your screen, come on. i'm trying. i am trying. we're almost there. all right, who's with us? who is going to be a commentator as we hit 21,000? [laughter] ashley webster, elizabeth macdonald, brian men burg and scott martin. the president is doing what he said he would do. i say the growth agenda is back on track. scott martin, to you. will this mark the second leg of the trump rally? >> this is the precipice. this is the next step in the market wave as far as the rally comes. and as i was telling superman -- i mean, brenberg in the green room -- [laughter] this is going to unlock economic growth we haven't seen for the last eight years under the obama administration who promised all this help for the middle class, all these great business climates that we never saw. you saw small business sentiment fall, small business formation

fall during the end of the obama administration. this is going to bring back the small business and bring back economic growth. >> yeah. to that point, dropping that rate for small businesses to 15% drives that rate lower than canada and mexico. it makes the u.s., basically, a safe haven for investment to pour into the small business sector. stuart: there's one thing we've not yet seen, brian, or that is this promised or suggested much, much lower tax rate for repatriated profits. >> yep. stuart: there's $2 trillion setting offshore, and if you get a portion of that, doesn't that mean growth? >> they haven't given the rate that they're talking about yet. they're also talking about a territorial tax. that's great for u.s. businesses. remember we've been talking about all these inversions over the past few years where companies leave the u.s. this change changes that. that's good for u.s. workers and the economy. stuart: all right. i'm going to move on to amazon. there's always a story about amazon. actually, i have two for you today.

first of all, they are about to surpass costco on membership numbers. >> yeah. stuart: 80 million amazon prime, 88 million card-holding costco customers. >> wow. stuart: this is why we talk about amazon every day. >> yeah. amazon is really driving this story because it's delivering things like groceries to the home. costco is trying to step in with 50 cities possibly seeing costco grocery deliveries by the end of the year. however, it will pressure costco's profit margins. amazon has a buildout delivery network, it's faster and better than costco right now. >> brian, i i say amazon is the ultimate country -- >> costco has a membership for shopping, amazon has one for your whole life, including entertainment. stuart: okay, i did promise two stories about amazon. elizabeth, what have you got? >> all right, there are about ten million amazon alexa devices out there. one guy says he sees within the

next five years 100 million alexa-enabled devices in the market. already one out of seven u.s. households have an amazon prime membership. stuart: let's remind everybody alexa is the little thing that sits in your home. you talk to it, it talks back. ask it questions, it answers questions and does a whole lot more. >> yeah. stuart: 100 million units maybe in five -- >> here's why. amazon opened up to third party developers, you come in with your apps and make it better. stuart: i don't have an app. >> there should be a varney app. stuart: there should be. more big tech names, here we go. google and facebook account for nearly all of the growth in digital ads. that's why the money's pouring in. >> that's where people's eyeballs are, that's where advertisers want to be. it's no surprise here. stuart: facebook, one person on this network, on this program said it would be the first trillion dollar company. >> it definitely could be, stuart. if you look at facebook and looked at how it ties into everyone's daily life, look at

the mobile ad growth over the last year or two. it's been unbelievable. and the thing i love about facebook, v.r., virtual reality. that's the next step. it's a few years off, but that's the thing that could take it to a trillion. stuart: disagree, disagree -- >> you don't like vice president r.? stuart: it was supposed to be the next big thing, and it didn't work. >> it's in process. it is a little bit unnerving, but they're going to fix it. they're going to make it better. it's going to happen, i'm telling you. in a couple years you're going to be, like, i thought scott martin was crazy. stuart: decaf for you. elizabeth -- >> should they sell it with dramamine pills? stuart: there you go. oh, you know, we retreated from 21,000. didn't quite make it. >> that's brian brenberg. >> don't blame it on me. [laughter] stuart: higher profit and revenue at paypal, and it's buying back as much as $5 billion worth of its own stock. not surprising, the stock is up 6%, 47 on paypal.

more money coming in at raytheon helped by higher sales in its division that makes the tomahawk cruise missile and electronic warfare systems. that stock up a solid $2, 157. better profit at comcast, that's the company -- it added video subscribers, making money with movies as well. 50 shades darker and get out. it is the parent company of nbc universal, and that stock is up 2.5% this morning. american airlines defers delivery of airbus and boeing aircraft, deferred is the correct expression. latest sign of an oversupply in the long haul airliner market. down $3, that would be 7%. that's quite a hit. i've got news related to the dragging incident, lest we forget. united airlines says it will offer passengers up to $10,000 on overbooked flights. i applaud this -- >> i say overbook away. i'll be the first --

[laughter] >> going home today, i hope -- i'll have ten grand in my pocket, think about all the fun we'll have. [laughter] stuart: they're making a market in overbook, which is exactly what they should have done. >> instead of being dragged off a plane, people can choose -- imagine how good that'll be for p.r., when people are happy about getting bumped off a flight. stuart: american airlines is down 7%, united's backed off by 2.5%. i don't know what's going on in the airline sec for, but they're not doing well -- >> southwest missed on earnings -- stuart: oh, that's it? and southwest is down 2.5%. look at the rest of them. >> there's a lot of uncertainty from a regulatory standpoint. when washington starts to want to get involved, that raises red flags. stuart: the if you've really got competition, that would really hurt their stock, but it would help all of us. >> it would. stuart: there you go. now, here's another story on mcdonald's.

their chief says there is a new role at the company for -- they're not going to be called counterhands any longer, they're going to bees hospitality service people. >> what they're talking about is moving people from behind the counter to assisting people ordering at kiosks, assisting people ordering on their devices, maybe bringing the food to the mcdonald's restaurant tables. so this is a way to drive costs down and to get, use your labor force in morefect i ways -- effective ways. stuart: that's why it's gone to $141 a share, trying to move with the times. >> yeah. stuart: got it. consumer reports has lowered its rating on tesla's model s and model x because it had not enabled them with an automatic emergency braking safety feature. tesla had said it would come as standard. company shares are still near the all-time high at $311 a share, so it didn't really hurt them. do you have any comment on tesla? >> well, we talked about tesla a

lot over the last few months, stuart9. right here it's a little expensive, i'll be honest, but you're getting a technology company as well. it's not just a car company. and you're getting the guy that shares a birthday with me, elon musk, ceo, june 28th. he is the brain that you're buying, and that's worth it. stuart: do you own it? >> i do. stuart: would you buy more? >> not right here. it's a little bit expensive. our clients own it, our firm owns it, i own it permitly. it's rallied heard this year. stuart: okay. we have to call it quits for brian and scott. >> say it ain't so. stuart: i'm sorry you couldn't help us get to 21,000. [laughter] you'll never be on the show -- >> i'll take responsibility. stuart: all right. >> i'm sorry, superman. can't do everything. stuart: check it right now, we're up six points. i'm going to call that a flat open to the market despite the live action presidency and all that we've seen. the trump administrati says the president is willinto sign a budget without fuing

for the border wall. question: how much does illegal immigration cost us? we're going to tell you. and it's a victory for the left, conservative commentator ann coulter cancels her speech at berkeley. the university couldn't guarantee her safety. she says it's a sad day for free speech, and she's right. more "varney" after this. ♪ ♪

stuart: this is interesting, breaking news on the repeal of obamacare. the latest, please. >> well, in order to go to that vote possibly tomorrow, they need to make some rule changes, and so there is word from the white house there could be a house vote on rules regarding obamacare repeal and replace, and that would happen today. if they get through that hurdle, it sets up possibly going

through with a vote in the house tomorrow. stuart: without getting too weedy, that sets up a vote, and it could be tomorrow -- >> yes. stuart: -- on repealing obamacare. >> that's a big deal. >> the whole 100-day deadline is very much in their minds. stuart: yep. all of those health insurers on the upside. check the big board, we were down momentarily, now we're up 12, just shy of 21,000. >> fifteen minutes from now or thereabouts the households a hearing on the cost of illegal immigration and the benefits that a border wall could provide. come on in, please, brandon judd, active border patrol agent and border patrol union. let's deal with that side of the equation first please, brandon. how much in your estimation, which you're going to tell the committee, how much does illegal immigration cost us? >> oh, i believe it costs the taxpayers a couple billion dollars per year at a minimum.

i think if you build the wall, although the wall will be expensive, the benefits to the american public is going to be huge because then we don't have to pay for all the benefits that we give the people that are here in the united states illegally. stuart: are you testifying on how much illegal immigration costs today? that's your testimony today? >> no, no. my testimony is going to be based upon the effectiveness of a wall and how if we build a wall, we can control illegal immigration on the southwest border. stuart: okay. and you guys are really for it, i take it. you want that wall, correct? >> we are. we know that, we know that it's needed. i worked in the busiest sector in the history of the border patrol, and i worked there when we didn't have any sort of vehicle barriers, pedestrian barriers, and when we started building those barriers, it allowed us to be a lot more effective. so yes, of course, as a border patrol agent, i can personally tell you how effective a wall will be. stuart: now, we haven't started building the wall yet.

and already we are told that illegal immigration coming across that border is down about 60, 67%, i heard. can you confirm that? >> it is, it is down, but that's based upon the promises that president trump has issued that he's going to enforce the laws. all you have to do is look at it. if we enforce the laws the way congress passed them, we'll be able to exponentially drop the number of people that cross the border illegally, and that's exactly what president trump has done. and, frankly, he needs to be given kudos for that whether you're on the left or the right. if you're a fan of border security, what president trump has done is absolutely amazing. stuart: i want you to listen to what rnc chair rona romney mcdaniels said about building that wall. listen, please, and roll tape. >> i know that our voters are going to hold us accountable in 2018 if we do not keep the campaign promises that were made. if we don't keep our promises, our base is going to walk away, and they're going to feel like,

hey, you said one thing on the campaign trail to get elected, and then you didn't act on it. stuart: brandon, it is a political question. if the border wall is not built, if the republicans can't do it, i take it that that's a -- you and your union, you walk away from the republican party? >> we'll be very upset. you've got to remember that when i gave the endorsement to president trump, that endorsement was mentioned in every single major campaign speech that he gave. and it was, and his meteoric rise was based upon his immigration stances, and we want to see promises kept. why continue to vote for people if they don't keep the promises that they made on the campaign trail? stuart: i have to throw this at you. the left is saying that a wall is, essentially, racist. your reaction, please. >> the democrats voted to fund the exact same thing as what a wall is. the fencing that we have on the border right now, that was bipartisan. but now because we're going to call it a wall, now it's racist? that makes absolutely no sense.

this is about border security, and we need to stop politicizing the issue. stuart: brandon judd, thank you very much, indeed, for joining us. >> stuart, thank you, appreciate it. stuart: check that market. we're about 20,989, and it's kind o even stephen beeen winners in green, losers in red. and we have this for you. ann coulter canceled her speech at berkeley. the threat of violence from the left just too great. the university couldn't protect her. judge andrew napolitano on that next. ♪ ♪

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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: well, look at this, the nasdaq is at another all-time high, 6,041. let me remind you, please, the fabulous five, the big name technology stocks that we're on about all the time, those five stocks make up 40% of the nasdaq's gain. 40%. and one-third of the s&p 500's gain. that's how important those five stocks are. next case, this: representative maxine waters, she's about to give, give more than $100,000, close to $100,000

to her daughter, and the money comes from her campaign coffers. tell me all about it. >> estimated $108,000 from the campaign. ing her daughter's name is cain waters, she oversees a mailing operation in which the mailings that are sent out from the maxine waters campaign, they get money from other candidates. those candidates' names are on the mailers. so she oversees that operation. bottom line is the daughter's going to get maybe up to three-quarters of a million dollars since she started working for maxine waters' campaign in 2006. it should be noted that she's called the trump administration, quote, scumbags, she's gone after ivanka trump for making money in the white house even though she has an unpaid job, and it should be noted that she wanted the government, she used her position in congress to help bail -- to get help for one united bank without disclosing that her husband owns stock in that bank during the bailout era. stuart: comprehensive report there.

>> just wanted to make sure everything was covered. stuart: i think you did, actually, in 45 seconds. [laughter] what a show you're watching. moving along, ann coulter cancels her berkeley event. here's what she said. >> they've been changing their position everye minutes. it's like a game of musical chairs, and whenever the mus stops the answer is, no, she can't speak. my allies, whom i love, are on the same side, but they ran away, they gave in. and then i was, there was nothing i could do. stuart: you know, what's everybody talking about this morning? it's not necessarily tax cuts or nafta, no, it is ann coulter and berkeley. judge napolitano is here. i'm going to get my two cents worth in first, if i may. the left has just won. >> yes. i mean, this is really a tragic loss for the freedom of speech, because this'll probably continue. so she has, was informed not only by the university, but by her own supporters that nobody was prepared to guarantee or

evenfectively stand up for -- evenfectively stand up for her safety, and she'd be walking into something very uncomfortable and dangerous. so a university, wholly owned by the state of california -- therefore, regulated by the first amendment -- has thumbed its nose at the obligations under the first amendment. she said something very interesting to sean hannity last night, she blasted the lawyers who were hired by the group to sue the university because they sued for money damages rather than suing for specific performance. rather than saying to the judge force them to host my speech, they sued for cash. what a -- that's -- i don't blame her for criticizing the lawyers for that. they dropped the ball, and they blew it. stuart: i'm critical of the university authorities, and it goes all the way up to janet napolitano, who i believe is in charge -- >> yes. she is not my cousin. [laughter] stuart: why don't the

authorities protect freedom of speech by telling the police force, you will protect ann coulter? >> i think they are so wrong to fail to protect the freedom of speech that this will come back to harm them in the future, particularly when they're looking for largess from the state legislature and from -- stuart: ah, no, in california? they'll get everything -- >> well, in california she's doing what she thinks is the popular thing to do. but she's not doing her job. she took an oath to uphold the constitution, and she violated that oath. stuart: you know, for is once, you're right. [laughter] no, no, no, you're going to be back in the 11:00 hour, and we're going to argue about taxes. >> yes, we are. stuart: taxation is, indeed, theft. [laughter] this is day 98 of the trump presidency. i say it's been a pretty good week for our president. tax reform, a vote maybe tomorrow on obamacare, maybe. renegotiate nafta, don't kill it. oh, what a difference a week makes. my take on all of that, top of the hour. here we go. poor mouth breather.

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stuart: this is thursday, april 27th, day 98 of the trump presidency. he having very good week at least. just look at what's going on, congressman louie gohmert tells fox news there may be a vote tomorrow on health care. there's a reversal for you. obamacare repeal has gone from failure to maybe reality. tax reform has gone from pledge to a plan, and make no mistake, this is -- as promised -- a middle class tax cut. and here's a real surprise. overnight the president has conferred with the leaders of canada and mexico, he will renegotiate nafta. he's not going to kill it. that's classic trump. there's more. against all the odds, our president has established a cooperative relationship with china over north korea. and unheard of in the obama years, the president's established a working relationship with the senate. they were all invited to the

white house last night to discuss north korea. where are the democrats in all of this? out of touch. they are complaining about the debt when they doubled it. they complain that the tax plan is a giveaway to the rich. i haven't heard of any wealthy democrat who will give back the trump tax cut money. and on obamacare, it's a bit rich, isn't it, that the people that led us to health care disaster are now trying to block its reform. oh, what a difference a week doth make as we head toward saturday's 100-day deadline, this president has done what he said he would do. despite intense opposition, he has put his growth agenda back on track. second hour of "varney & company" about to begin. ♪ ♪ stuart: where are we? 31 minutes into the trading session we're up 12 points. the dow's at 20,986.

we just received -- i think we've got them, elizabeth -- the latest mortgage rates? >> 4.03, so it ticked up after weeks of decline. remember last week it went below that psychological barrier of 4% to 3.97. so it's ticking up slightly, still at multi-month lows. stuart: no impact on the big board, we're till at 14-point -- still at 14-point gain for the dow industrials. e nasdaq has just hit yet another all-time high. okay, the dow is just shy of 21,000, the nasdaq powering towards 6,050. we've got an all-time high for mcdonald's. that stock reached 141 earlier, still there, approaching 142. that's mcdonald's, new high. now, to the backlash over president trump's new tax plan. take a look at two headlines from "the new york times." the first one reads: white house proposes slashing tax rates,

significantly aiding wealthy. here's the second from the opinion pages. it reads: president trump's laughable plan to cut his own taxes. joining us now, south dakota republican senator john thune. mr. senator, welcome to the program. >> good morning, stuart. stuart: it's a giveaway to the rich, that's what we hear. would you respond to that, please? >> well, look, i think that everybody understands, stuart, that when you reduce the tax burden on everyone and you get greater economic growth, which is what this is all about, it increases wages, it increases the number of good paying jobs that are out there, and everybody sees their tax burden lessened. when you reduce rates, everybody benefits from that, and most importantly, the economy. and we want the economy to get back up to north of 3% growth where it's been at a point and a half during the obama years. and that will make a dramatic difference in the quality of life, the standard of living and the wages for people in this country. stuart: do you think you can get

some democrats to go along with this plan, give or take a few changes, if you look at the basics of this plan? will some democrats go along with it in the senate? >> i've had some conversations, stuart, with some democrats who i think could be wooed to support tax reform, but it's going to be very hard because their base doesn't want to see taxes lowered. finish and they're very wedded to the, you know, the policies of the obama administration which were very anti-growth. and i think what you're seeing right now, the reason the economy is starting to pick up and it feels different out there is there's a karma that comes when you lower taxes and regulatory burdens, make it less expensive, less difficult to create jobs in this country, and that's what we're seeing out there in the economy. now, i hope democrats will be inclined to recognize that 1.5% growth just flat isn't good enough. we've got to get back up to 3 or north of there and try and help us pass a tax reform bill. we'll see. i mean, i think right now i'm not real optimistic about that,

but we'll give them a chance. stuart: okay. you were at the white house last night for the briefing on north korea. i know that it was a secretive sort of meeting, but can you tell us anything about it? >> you're right, it was a classified meeting. i thought it was a productive and helpful explanation from our national security team about what's at stake and the steps they're taking to deter the threat and make sure that that regime isn't able to get the capability to launch a nuclear weapon against the united states. it's a serious matter and, obviously, there are lots of levers and tools that we have at our disposal, economic, diplomatic, cyber and, of course, military. and our team is looking at all the options and taking the steps that are necessary including bringing china into that equation who has the most leverage over north korea to insure that we get that regime to, hopefully, start behave anything a more rational way. stuart: but it was a forward stance by the administration, a

forward -- not necessarily a challenge to north korea, but a statement of enough is enough, we won't take it anymore. was it like that? >> right. no question about that. and the era of strategic patience,s which is what we had during the obama administration, is over. our leaders recognize, the president recognizes this is a threat that has to be dealt with, and it's got to be dealt with in a decisive way. and the only thing that these leaders in north korea recognize is strength. so the u.s. has to project strength. we've got to, obviously, involve our allies in that region and start to build, you know, put a noose around this guy's neck. and that's starting to happen. but it's happening because there's new leadership, a new approach and a recognition that we can't allow this threat to go unabated. stuart: okay. senator thune, thank you very much for joining us. see you again soon. >> thanks, stuart. you bet. stuart: you know, it is small business week, and president trump wants to cut the small business maximum tax rate a all the way down to 15%. joining me now, small business administrator linda mcmahon.

ma'am, it's a pleasure to have you on the show. welcome back. >> thank you, stuart. it's great to be here this morning. stuart: i happen to think and believe that that 15% top tax rate for subchapter s corporations and pass through returns, i think that's the biggest stimulus for the middle class there is going for us. what do you say? >> i think so too. as a matter of fact, i was in orlando on monday, and i convened a round table of hispanic businesses, and one of the things that they talked to me the most about, one of the issues was what did i expect to see in the president's tax reform plan, because they were hoping that they would see tax reduction, you know, for them. they're all small businesses and most, i think about 95 of them were either sub-s corps or llcs, and this will be great news for them because they'll have more money in their pocket. they'll grow their business, hire more people, and they're really looking forward to having the benefit of this tax cut. stuart: can you be sure that that 15% top tax rate for small business, that it is in the

final package? >> that's what i heard yesterday. i have not, i have not had a private briefing, but certainly those were the, those were the things that were talked about yesterday that i heard that were announced. stuart: okay. earlier we reported that the house would hold a rules vote on the health care bill today. hold on a second, ms. mcmahon. i just want to confer with ashley here because that sounds like there is any progress, or what? >> that was the word, that they were possibly going to the rules committee to set up the plate so they could vote tomorrow. now a senior house gop source telling fox news that that's not true. so, clearly, a lot going on in the background here. stuart: okay. ms. mcmahon, let me get back to you. that's a little disappointing. >> yeah. stuart: i would have thought that the repeal of obamacare, if you could finally do it, that would be a big shot in the arm for small business especially. >> well, the small businesses that i've talked to have consistently said that the cost

of health care is one of the, one of the things that they need the most help with. their premiums have just skyrocketed, they can't afford to provide health care for the people in their companies, and they can't ask their employees to have any higher co-pay. so i am really hoping that we're going to see health care reform soon, because our small businesses clearly will benefit from that. stuart: i'm sorry, linda mcmahon, finish your thought, please. >> i was just going to say i hope to hear more about that next week during small business week that we're launching on monday. it'll go through may 4th, and i'll have a chance to go around the country and listen to more of our small businesses from our district offices. so the president's proclamation we're expecting tomorrow for small business week, and it's going to be a terrific week for the country to salute the 28 million small businesses around the country. stuart: yeah. let's give them a tax break too. >> yes. stuart: linda mcmahon, thank you for joining us, ma'am. >> thank you so much.

stuart: let me just clear this up. the rules committee not voting. >> the word was that they may try and get the rules changes in place to set up a vote on a repeal and replace, or replace and -- obamacare by tomorrow. now fox news is hearing from some of the sources that that may not be the case. stuart: okay. well, it's not had any effect be on the market, we're still up seven point toes, but no impact there -- points. but no impact there. that sounds a little disappointing to me. all right, next story. the latest airline fiasco. a man booted from a delta flight for using the bathroom while the plane was on the tarmac. >> yeah. stuart: there's the video. it doesn't tell the whole story. >> the man who was booted off was sitting on the tarmac with the other passengers about -- he said, can i go to the bathroom. no. half hour in, can i go to the bathroom? no. two hours in, he got up and went to the bathroom. they then said we're going to

deplane, you've got to get off. according to local affiliates, fbi agents spoke with him. now, they're worried about this behavior, getting up to go to the bathroom. a passenger felt like he was being singled out. he said he thought it was weird that they talked to me and treated me this way. he had to pay three times his original ticket to get home to milwaukee on a southwest flight. so, you know, another airline incident. stuart: so he broke the rules -- >> he broke the rules, that's what delta's saying. stuart: you're not supposed to get up on the tarmac. he was desperate, he'd been there for an hour and a half. he broke the rules, and they take him off the plane, and they charge him triple to get home to milwaukee. >> that's right. stuart: not good. >> not good. stuart: it is take your child to work day. here at fox two of my star producers brought their daughters. they will join me right here on the set. watch out. coulter cancels. not speaking at berkeley amid protesters. bikers for trump founder traveled to berkeley for her

speech. he responds to what we're llinvictory for the left. that's up next. and it is the nfl draft tonight. we'll tell you who is about to be an instant millionaire. second hour of "varney & company", you're watching i. it. break through your allergies.

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♪ ♪ >> berkeley, as you know all along, they've been changing their position every five minutes. it's like a game of musical chairs, and whenever the music stops, the answer is, no, she can't speak. my alliesing -- allies, they ran away, they gave in, and then i was -- there was nothing i could do. stuart: yeah. she's not going to speak. they wouldn't protect her. looks to me like the left won. ann coultecaeled her berkeley speech. the university refused to secure a safe space for the event. my next guest is in berkeley now. bikers for trump founder chris cox is with us.

he flew out to berkeley for ann coulter's speech. i have to ask you, chris, were you looking for a fight? >> oh, we're certainly not looking for a fight, stuart. we're here on the defense, not the offense. i've met with the police, the local law enforcement this morning. from what i understand, any rumors that they've been told to stand down will be squashed today. they're not going to allow this disobedience, they're not going to allow the ski masks that we've been seeing around the country. so we still have a presence here at berkeley today. we're going to embrace free speech and the liberty that many men have fallen and given their lives for. stuart: well, ann coulter is not going to speak. she may put in an appearance, and because of that, the left -- the guys in the hoods and the masks -- they may be there. are you going to take them on? >> well, sir, that remains to be seen. we're certainly going to play a

defensive role here. we don't want to do anything that is going to give us a public relations black eye. we've stayed within the framework of the law, and i anticipate we'll continue to stay within the framework of the law. but if it's true that free speech was born here at uc berkeley, well, it's certainly died now and is on its way to hell in a handbasket, because it's unacceptable they're going to pick and choose their speakers according to their political orientationing and the message that they have. stuart: i don't think anybody in america wants to see violence in the streets, political violence in the streets. i mean, you get that elsewhere in the world, and we really don't want it here. you're trying to avoid that, i take it? >> at all costs, we're going to avoid that, stuart. we are not a militia, we're not a secondary police force or security. we are a group of citizen crusaders. we're patriots, we're here to stand up for our rights, and only in the event we are

assaulted, are we going to defend ourselves. we're here to defend free speech, to get behind donald trump's policies and help push his agenda forward. right now i should be in georgia in the sixth ticket right now working. -- district right now working. we've got veterans that are going to be accompanying donald trump to the v.a. where they're going to be talking about the progress they've made in the last hundred days. i didn't see an upside in coming to berkeley and standing toe to toe with twinkle toes and buttercups. last week we had a biker here, and he had his nose broken. he was sucker punched. and in our investigation, we identified that it was a berkeley university professor behind the assault. so we've got some attorneys on that, and we're just trying to move forward, and we just want to exercise free speech. as americans, we need to hear both sides of the story. we need to be fair and balanced, and we need to give these people a chance to express their

comments after we express ours. stuart: chris cox, bikers for trump, thanks for joining us, sir. we'll catch up again soon. >> thank you, sir. stuart: breaking news, and it's from afghanistan. >> big gunfight in afghanistan, the province in the area where that moab, mother of all bombs, was dropped. two u.s. service members have been killed in a gunfight, another slightly injured. eighteen isis fighters killed in the same gun battle. this is the latest we're getting, two u.s. servicemen killed in afghanistan. stuart: in the area of where the mother of all bombs was dropped. >> correct. stuart: by the way, the dow moments ago hit 21,000, backed off, now we're up 21 points at 20,996. coming up, texas keeping its promise, passing a law that could jail sheriffs who do not cooperate with immigration laws.

texas' attorney general joins me next. ♪ ♪

stuart: close but not quite there, up 15, 20 the,990. now this. former president obama is set to make $400,000 for speaking at an event for the wall street fat cats he once railed against. a spokesman defended it saying, with regard to this or any speech involving wall street sponsors, i just point out that in 2008 barack obama raised more money from wall street than any candidate in history. and still went on to successfully pass and implement the toughest reforms on wall street since fdr.

$400,000 for a speech. liz. >> all right. the l.a. times is calling this tacky. they're saying within months of leaving office, you know, he's got getting money from the fat cats he railed against. you know, he took the moral high ground, he was saying we're better than everybody else, you know, the fat cats are raw, he campaigned on it, he won the white house on it, and now he's taking money from those same fat cat bankers. so the dollar amount equals his annual salary as president, and it's about double what hillary clinton charged for the same kinds of seats. stuart: let's be clear, it was president obama who used the expression fat cats. >> that's correct. what did i say? stuart: no, no, you did, but i just want to -- >> he himself used the term fat cats. stuart: $400,000. has he made the speech? >> september. >> if the l.a. times calls it tacky, you know it's going to be uber-tacky. stuart: that's remarkable. well, you know, it is draft day for the nfl, that means a couple millennials are about to become

instant millionaires right beforeour eyes. >> 8 p.m. tonight, the cleveland browns will have the number one pick. miles garrett, defensive end from texas a&m, expected to be the number one pick. he will be a rich young man. also top candidate, stanford defensive end solomon thomas, louisiana state running back leonard fornay, all of those up at the top. of course, there's a lot of horse trading, and people swap picks. by the way, the most first round picks go to the worst teams, the browns, the narls saints, tennessee titans. what about the patriots? the dreaded patriots? their first pick will come at number 72 in the third round. stuart: really? >> yes. stuart: it's structured so much against -- >> they've won the super bowl two of the last three seasons, but there's always negotiating. they may be able to pick higher. so there you go. a lot of rich young men in the next week or two. stuart: it's a huge media event. >> it is.

stuart: it's on live television, i believe? >> it is. it's normally in new york, but it'll be in philadelphia for the first time since 19 61. stuart: let's never, ever forget the sirius satellite people, freedom caucus getting onboard the repeal of obamacare. they are now backing the health care bill. freedom caucus member mo brooks is going to be with us. he'll tell us how close are we to actually getting it passed. finally. and the trump administration probing imported aluminum. commerce secretary ross says it is a security issue. we have jeff flock at a mill in indiana to get a closer look. we'll be back. ♪

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stuart: oh, we've moved lower. not much, but we're down, what, two point, 20,973 is where we are. check out those big names, we call them the fabulous -- well, this is the fabulous three at the moment. all three of those companies report their earnings after the bell, the closing bell this afternoon. those will be the most important numbers of the day, or maybe even the week. all the money is flowing into those three stocks and a couple more, apple and the otherren one would be, let me think now, that would be -- who's the othe five? be the fabulous five? facebook. that's right. thank you very much, indeed. >> looking at you blankly. [laughter] stuart: chime in. >> just looking at you. stuart: it does sound like we are getting closer to a health care plan. a vote on it, i should say. the freedom caucus says they're

onboard with the new proposal. a member of the freedom caucus joins us now, alabama republican congressman mo brooks. is that right, congressman? we are really, really, really close? you're onboard, vote tomorrow? >> well, thank you for having me on your show, first of all. it'sen an honor and a pleasure to be here. i'm cautiously optimistic that we're slowly but surely getting the votes needed. the house freedom caucus, i'd say 80, 90% at a minimum of us are now onboard this amended legislation that we believe will help lower the cost of health insurance premiums for struggling american families. now the house leadership and the president, vice president mike pence who's been very active in this process need to do what they can to try to help persuade some of our more liberal republicans to also keep their commitment to repeal as much of obamacare as we can and to replace it with something that is more affordable for american families. stuart: you won't go to a vote until speaker ryan is sure that

you've got 216 votes. i'm sure you've done the vote tally, the vote count. how close are you really? >> well, i haven't been involved in that process. that mager that the whip's office -- something at the whip's office does -- stuart: you're part of the ongoing discussion. >> it's close. all the reports are -- stuart: two or three votes short? is that it? >> i don't know the exact number. that's something that the top four in the republican conference would know, maybe the top five, but they keep that real close to the vest. but i would think we're definitely in low single digits away from having the votes to send this to the united states senate. stuart: you see, everybody's watching this very closely because it could end the week very much in president trump's favor. you've got the tax plan on the table, renegotiate and a half the that -- nafta, don't kill it, and now if you could get that health care bill, get it to the floor and get a vote on it, that's another big win for the president. >> well, it's a big win for the american people which has to be the first priority. but, certainly, like yesterday

vice president mike p pence, he calls me, and he chat for about 10 or 15 minutes, then a little bit later in the morning he calls me again, and that's unusual. i never had that from joe biden while i was in the united states congress. [laughter] and then he hands the phone over to donald trump. so donald trump is doing the closing, so to speak, and the activity of the vice president and the president, i think, have been very constructive. and behind the scenes they've been working this hard ever since the bill was pulled a few weeks ago. and hopefully, we're on the verge of a breakthrough, and not only will we pass a bill, but a much better bill that repeals obamacare and properly addresses some of the cost factors, some of the mandates that are sending premiums soaring. if we can do that, then we've done a lot for the american people. stuart: i think you've won. would you accept victory? >> well, i think the freedom caucus played an instrumental role in all this in making the bill a lot better for the american people. and to mark meadows' credit, to the tuesday group's credit with

congressman mcarthur, he also worked on this. behind the scenes the house leadership helped set the stage to keep things moving. collectively, i think we're able to reach an agreement if we can just get some of the more liberal members of the republican conference onboard, then we'll be able to pass this with flying colors rapidly. stuart: congressman mo brooks, thank you for joining us. cautiously optimistic, we'll leave it at that. thanks, congressman. >> my pleasure. stuart: texas passing a new law on sanctuary cities suggesti sheriffs who do noenrce immigration policies can go to jail. texas attorney general ken paxton joins me now here in new york city. mr. attorney general, welcome to the program. >> great to be here in new york. stuartdid i get that right? you passed law, and if a sheriff doesn't go along with it, he or she is in jail. >> potential criminal penalties. it was passed by the senate first about a month ago, and the house last night at three am passed a similar bill. so, yeah.

stuart: doesn't this take direct aim at the lady who is sheriff of travis county which is part of austin? >> i would say she was an inspiration to us all. she was an inspiration for this -- stuart: it's aimed at her. >> well, i mean, it changed in the house. that provision wasn't in the house until last night. i think the senate adopted it because the governor saw what was going on in travis county and in austin, and he wanted to address it, and that's what they did. stuart: governor greg abbott says no sanctuary cities in texas, we don't want it. however, president trump's executive order banning federal funds going to sanctuary cities, that's been held up by a judge in california. does that hold up your program in texas? >> no. first of all, let me give the governor credit. this was an emergency item that he pushed through the house and senate very quickly. so, no, i don't think it has any impact on us at all. the federal judge in this case was dealing with federal law. this is state law, completely separate. stuart: what is it about texas?

>> you know what? we love -- [laughter] stuart: you stand out so much. you've got all these jobs flowing to texas. you've got low -- i think you've got low taxes, haven't you? >> yeah. lotaxes, low regulation, we have a great legal system. stuart: do you have estate t? >> we have no income tax. stuart: what about estate tax? >> nope, we don't have that either. stuart: so you're competing with florida for retirees. >> uh-huh, absolutely. stuart: what will you do for me to get me down there? >> we're going to invite you. [laughter] what else does it take? stuart: is your economy still expanding as rapidly as it was for the past five years? >> all you have to do is dallas, austin, san antonio, houston, cranes everywhere, toyota bringing in thousands of employees from california. the answer's yes. it's amazing. stuart: ken paxton, the attorney general of the great state of texas, you're welcome on this program anytime. >> come to texas. stuart: what are you doing in new york? >> national association of attorney generals. stuart: there you go.

[laughter] welcome to the program, thanks for being with us. we'll see you again soon. >> appreciate it. thanks for having me on. stuart stuart wilbur ross, commerce secretary, says aluminum imports are a national security issue, he wants big tariffs. jeff flock at an aluminum plant in indiana. what do you have for me today, jeff? >> reporter: they are thrilled at that, stuart, by the way. but first, i have molten aluminum for you. that is molten aluminum at 1450 degrees fahrenheit, and if you look and dutch follows us down there, this is fascinating for me to see, and i think it will be for you as well. this is how aluminum gets made. that's when it comes out, from molten aluminum, it comes out in these large sheets and gets brought down to the size of a coil. i said they're thrilled here because imports to the u.s. from outside the u.s. up 18% last year. this is what they're competing with.

now imports make up 55% of the u.s. market. and it's because of cheap aluminum coming from places like canada and more particularly china. by the way, take a look in there. that's how it's cooled down. it goes from 1450 into those sheets, gets further cooled, and then i'll take you to the last part of the process while i tell you that this is also a national security issue. currently, the aluminum that they make here is mainly for industrial use, for construction, home construction and the rest, factory construction. the military-grade aluminum that is used in the u.s., there is now only one, yes, that's correct, one high purity smelter left in the u.s. that's because foreign competitions has come in and put these folks out of business. so they are thrilled here at the president's action that he's going to take later today. and, stuart, i leave you with an aluminum oil coil.

that's the way maybe you see it transported on trucks and the rest. that's what it looks like. that's made in the usa. a lot of times it's not. we're trying to get back to that. stuart: jeff flock right in the middle of it all, as usual. thank you very much, indeed. great report. now this, amazon prime membership expected to surpass the total number of costco cardholders. what's the numbers? >> well, they're at 80 million now for amazon prime, correct, that's an estimate. costco, 88 million. so they're expected to move beyond that. now, amazon does grocery, you know, shipping to homes. costco's in that space now as well, 50 cities. they want costco to deliver groceries. but the question is, can costco beat amazon at its game here. amazon does really fast deliveries, about one in seven households now have -- u.s. households now have an amazon prime membership. it's a tough fight that's going on in the retail space. stuart: i would not want to be

costco going up against the champions -- >> no, the juggernaut. stuart: -- otherwise known as amazon. look at that stock go, up $8. just saw it on the screen. >> that's right. stuart: it's a juggernaut. that is the word to use. all right, we got it. former navy seal rob o'neill, the man who shot bin ladennen, out with a new book that tells the story of the night when he killed the world's number one most wanted terrorist. he's next. how about that? ♪ ♪

♪ ♪ >> earlier in the program we spoke with congressman pete process come, and here's what he had to say about president trump's new tax plan. roll tape. >> well, there's two things that are happening. the first is is a recognition for the first time ever that pass-through entities need to be treated differently; that is, sub-chapter s&l and llcs. the second thing is we've got to get the rate down as low as we can. there's a house proposal that has it at 25%, the president

proposes 15, these are all dials that we need to adjust based on these other goals. but remember, let's push for growth, simplicity, dealing with base erosion so that the tax base doesn't erode and, finally, permanence. ♪ ♪/ 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. 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.

stuart: stay with us, please. rob o'neill, the man who shot bin laden, momentarily. let's get throh under armour first.

[laughter] they posted their first-ever loss, sluggish performance in north america. but because they did a little bit better than wall street was expecting, the stock is up a p whopping 8%. how about that? i'm going to score this one for the greenies. it's gophers versus landowners in washington state. give me 30 seconds. >> all right. the gophers are winning. it's like a bad episode of "caddyshack." they need bill murray in here. these gophers are under the endangered species act so, therefore, anyone wanting to do anything on their land has to have inspectors come out to see whether the earth has been turned up in the same way as a golfer in would do it. if they -- gopher would do it. there's a long process to be allowed to do improvements on your own land. stuart: but there are literally millions of gophers -- >> so gopher rights surpass property rights? >> yes.

there are two minor subspecies which they've found -- >> a pocket gopher. stuart: thank you. that's the one they've got to protect. >> right. now they're proposing a tax that if you do, you have to pay a big tax to do any building on your property. that tax will go to create new habitat for the pocket gopher. stuart: i promised our audience rob to neecialtion i don't want to drone on too long on gophers. [laughter] check this out, the man who killed usama bin laden has written a new book, and he details the story, it's called "the operator: firing the shots that killed usama bin land and my years as a seal team warrior." here he is, rob o'neill. a pleasure and an honor to have you on the show. >> thank you again, stuart. it's always a pleasure to be here. stuart: okay, i'm not going to beat about the bush. take us through the night you shot bin laden. first of all, you landed, you go into the building -- >> we landed, and we learned just like everything else, we had a perfect plan, none of it happened.

murphy showed up, so we were outside of the compound, my group and the other group crashed inside -- stuart: is that video from the actual night itself or another operation? >> i'm not sure -- no, that's probably some other operation. we didn't bring any recording devices. what was i unique about that mission, the book's not about me the operator, it's about the life of the operator, all of them, navy seals, green berets, rangers. we knew it was one way, we're not coming home. it's very unique to see how guys do their jobs. i was so proud of everybody. going into the compound, into the house, i was in a position where i was sort of back so i could look forward, and and i watched really cool guys do really cool stuff, and i'm just taken it in because i know we're not going to live through the night -- stuart: what do you mean? >> the mouse is going to -- the house is going to blow up. you would assume going after the number one terror nist the history of the world, he's going to wear a vest. ended up not being the case, but

none of us knew that. even going up the stairs, i detail it in the book -- and, by the way, this is one of over 400 missions that my team and i did. stuart: everybody who buys the book will go to chapter 23 -- >> 22 or 23, but the adventure -- by the way, this is the first book that was cleared through pentagon, so they read it, all the departments involved read it, and this has been approved. so there is certain things i -- nobody wants to know the classified stuff. they want to know what the guy that jumped on what he thought were suicide bombers, what did he look like, what did it smell like going up the stairs. when we went up the stairs, we dealt with khalid bin laden, his son, and the way the guy in front of me did it, because i was in a position just to watch it, i remember thinking i hope we live through the night -- stuart: what do you mean? >> we saw him on a banister or, and there were two armed men that wanted to kill each other, separated by 10 inches, a banister. >> so you've got a navy seal and

khalid. >> and bin laden's son. he said a few things to him, and i don't want to ruin the surprise, but just watching it, being so proud. and then we went around that, and i'm still kind of in awe. and i ended up -- the other guys separated to take not advantage, but to clear the threats on the second floor, so that's when i came involved in the mission for the first time. and we're looking up, and he was saying stuff to me like we need to get up there. we could see people behind a curtain. we assumed were putting on suicide vests. in the it. the the agency told us -- this is it. the agency told us he would be there. i wasn't feeling bravery, i'm feeling i'm tired of thinking about it, let's get it over with. so we went up the stairs, and i watched him take the curtain, jump on the people he assumed had vests, i wated him jump on a grenade that didn't go off. i turn corner, and there's usama by land holding his wife and pushing her at me.

and it's a matter of feet. i saw him, i did a quick target identification. he's taller than i thought, skinnier, beard, he's not surrendering, and the quickest way to deal with a suicide bomber is to shoot him in the face. and i've dealt with suicide bombers. i is have stories in "the operator" about it. very quick, very loud, very permanent, i wasn't going to take that chance. i got the shots off, i saw his 2-year-old son i remember thinking as a father, this kid has nothing to do with, so i picked him up, and then it starts to sink in, we might live through this. we start gathering the intelligence, and then we fly out on the helicopter. stuart: incredible. >> that's one of the stories. [laughter] stuart: the name of the book again, you've got to tell me -- >> it's called "the operator." it'll bring the reader into a lot of these stories, it's a good read. toort stuart rob o'neill, a frequent guest on the program. thank you, sir. >> my pleasure. thanks for having me.

stuart: all right. now we're going to segway to your money real fast. [laughter] down 22 points on the dow industrials. more "varney" after this. your insurance company

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i found that out this morning when i walked into the fox bidding, and there's a horde of children all over the place before 6:00 in the morning. i don't know how they did that. we have two children with us today who are the daughters of two of our excellent producers. on the.side -- lrnt side, ann lease. good morning. >> good morning. >> and on the right, penelope. >> morning. stuart: pelle by is -- penelope is the daughter of one of our producers. annelise, when your mom gets home, what does she say about "varney & company," you know, the program? what does she say? aughter] anything interesting? okay, you think about it for a second. [laughter] penelope, when your dad gets home after producing the executive producer of the show, what does he say?

>> a lot of weird things about work. stuart: really? okay, does he enjoy it, do you think? [laughter] stuart: would you like to be the producer of a show on television when you're older? >> no. stuart: why not? >> i don't know. stuart: okay. analise, what does your mom say when she gets home from work? >> weird things. [laughter] stuart: i'm not going to ask what weird things, but would you like to be a producer of this program and come in to work with me every single day? >> yes. stuart: you'd like that? really? why? >> i don't know. stuart: but it's interesting, isn't it? did you have to get up real early this morning to come in? >> uh-huh. stuart: it's terrible, isn't it? would you do it again next year? analise and penelope, a fine performance. i think there's a future for you in television whether you like it or not. welcome to fox. good to see you. all right, everybody, put the camera on me, please. [laughter]

"varney & company," okay? [laughter] we'll be back. [laughter] [phone ring] hi anne. so those financial regulations being talked about? they could affect your accounts, so let's get together and talk, and make sure everything's clear. yeah, that would be great. being proactive... it's how edward jones makes sense of investing. buttrust angie's list to help., [ barks ] visit angieslist.com today.

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stuart: middle america wins big in the trump tax plan, it is a huge middle-class tax cut. two things that will make a big difference to tens of millions of americans. the 15% top tax rate for small businesses. that's plumbers, restaurant, store owners, you name it, they all gewhopping tax cut. any way you slice it, the backbonef mile america gets a very welcome financial boost. second, the so-called typical family of four gets its first $24,000 in income tax free, there's a shot in the arm and the mortgage interest deduction stays in place. what are the democrats saying about all of this? two things, it explodes the debt, they say and we said

throughout the program, the left said nothing about the $10 trillion explosion of debt under president obama and the democrats refused that they produce growth. something else we have been saying throughout the show, we have yet to hear any wealthy democrat, offer to give back the tax cut that president trump will give them. if they oppose all things trump, surely they should write a check to the government for all the money they don't want or need. yeah, i'm being sarcastic. at tend of a remarkable week, success for the president and remarkable party. the democrats quit their block and stop strategy, top that, get down to serious business of restoring prosperity, please. the third hour of varney & company is about to begin. ♪ ♪

♪ stuart: justin timberlake has a certain sense of rhythm. let's take a look at your money, please, we are down just 13 points in the dow industrials. we drop -- crossed 21,000 and town a little bit. amazon, google, microsoft, these three report numbers, profits after the closing bell. these could be the most important numbers of the week because these are the most important stocks on wall street. john layfield joins us right now. what do you say? am i going out on a limb too much because i think the numbers from those three companies are really a big deal? >> they are a big deal. it'sowretty much how the market igrowing right now.

it's a great barometer and the companies represent greatly. as far as the stocks, i'm waiting for a pullback. i've lost a lot of money doing that these are great companies. stuart: what is rallying this market more, the corporate profit story up about 11% year over year, that's pretty good or this hope of a tax cut, which is it? >> i think the hope of a tax cut is what took the market, we were flat for two years basically 2014 to 2016. president trump getting elected, that's the only thing that changed. i think the hope of a tax cut is what has moved the market up. i think right now actually what has helped the market in the last few days is la pen potentially not winning that election in france and france not dropping out of the inturio. i think that has a lot more to do the last few days than anything else domestically. stuart: i know you have three stocks that you like, i will get to them in a second. would you tell me please if you think that this is the beginning to have second leg of the trump

rally? >> i do. if they can get the corporate tax through. they may have to back off on the amt and estate tax and some of the personal income tax, that looks like you're favoring the rich. small businesses create over 50% of the jobs, if you can help small businesses that pay highest corporate tax rate in the world, they talk about that affected tax rate, that's just a bunch of bull because these big companies have paid off politicians for years to get that rate low, the small businesses are the ones that are paying the highest corporate tax rate in the world, that goes directly to jobs and infrastructure spending, if you you can get them a stock break. stuart: you brought three stocks that you like, british petroleum, bp, what's so good about it? >> it's insane the amount of yield the company has. they finally got over the horizon disaster in the golf and it's a great company right now that will flourish in the next years. stuart: under armur, they made a

loss. >> it was a one-penny loss. i'm a big fan of ceo. a great american story. two years ago they were on top of the world, so was steph curry and jordan speed. lebron james, knocked the warrio out of playoffs in 0-3 lead in the finals. with kevin durant that steph and the curry win the nba championship, speed is best golfer of the world. stuart: 20 second on why you like verizon. >> corporate tax reform. it's mainly a content play and 4.7% yield. stuart: always a pleasure, thanks for being with us. appreciate it. okay. i want to take you back to my editorial at the top of the hour. i call it my take. president trump reveals tax reform plan, democrats continue

to block and stop everything. that's their strategy. steve dane joins us now, republican from montana. what's emerged from the program today is for the economy the best tax cuts is that 15% top rate on small businesses. can you tell us that this will make it all the way through and will make it to the president's desk, that one item, 15% for subchapter? >> i couldn't agree more. this is the key for job creation. i grew up the son of small business owners, you learn your politics around the kitchen table. my dad was a contractor. the majority jobs in this country come from small business, the majority of job growth over the last 20 years comes from small businesses. it is plummers, coffee shop owners, small businesses, this should be called the american job's act because this is key

for our growth going forward.wen in the world is on american business. stuart: two democrat criticisms of this, number one give away to the rich, will you respond to that first. >> flat out wrong. if we want to create jobs, good, high-paying jobs is taking the burden on the businesses. i disagree. stuart: number two, it would raise deficit? the key is growth, look at the cbo for the next 20 years, it's a sick 1.9% annual gdp projection. take that to 3%. we are talking about trillions of dollars of increased revenue to washington, d.c. and when you're in business, you know the volume clears challenges of your

business and volume clearer challenges in washington. stuart: there's a lot of nervousness in america about north korea and what we are doing about it and whether we are edging closer to war, you went to the white house last night for a full briefing. is there anything you can tell us about that meeting or what you learned? >> it was a sobering briefing, stuart. in 1992i moved my family to guang and lived there for five years. remember what happened in 1994, then president clinton signed a nuclear nonproliferation agreement with kim jong un's grand pea, 23 years later, where are we at? the north koreans are not far away from having a ballistic missile with a nuclear war head on it that can strike the continental united states. we cannot let that happen. let me tell you, i was so proud of trump's team, the president was there, vice president, secretary tillerson, secretary mattis, joint chiefs as well as director coats from the cia, i tell you, i was proud.

these are very, very thoughtful leaders with firm resolve. nobody wants a war. stuart: did high officials say north korea will not be able to launch a missile with a nuke on top? >> it's clear that we will do everything within our means to prevent korea from ever launching a missile with a nuclear war head on top of it. stuart: thanks for joining us. >> great to be here. stuart: british police say they arrested a man near the house of parliament. the suspect has knives, has been arrested on suspicion. that's on ongoing story as of now in london. check big board. down 25 points, break-even mark. 20,948 is where we are. look at paypal, much better profit, much better revenue coming in.

it might buy back as much as $5 billion of stock, good news for the company and the stock up 7%. more money coming at raytheon, higher sales that mike tomahawk missiles and electronic. the company added video subscribers, making money with movies like 50 shades darker and get out. comcast is the parent of nbc universal up slightly this morning. we are awaiting speaker ryan is going to take the podium roughly 30 minutes from now and we expect to get the latest on the health care proposal and tax reform. we are waiting for that. and president obama reportedly accepting $400,000 to speak at a conference for big bankers. remember when reblasted wall street and calling them fat cats, we will play you the clip in a moment

stuart: happening very soon, president trump will meet with argentina's president mauricio macori, you will see it when he arrives, conservative commentator ann coulter, her speech, she canceled her speech at uc berkeley, she's been shut down, the university counterprotect her or her student. here is what she said on hannity last night. >> berkeley along has been changing their position every five minutes, it's like a gave of musical chairs and whenever the music stops, the answer is no, she can'speak. my allies were on the same side, they -- they ran away, they gave in and then i was -- there was nothing i could do. stuart: larry joins us now, talk show host.

larry, i see this very simply as a huge win for the left and you say? >> well, it is. it's a huge win for the angry left that -- it's not just ann coulter, it's all over the country. the dutch exmuslim politician who became activists against the oppression of women in the religion of islam was given honorary degree invite today speak and a petition was passed around signed by students and teachers, they rescinded the honorary degree and took back invitation to speak. heather mcdonald is a researcher and writes about cops, she was invite today speak at claremont college in california and students and protestors barred people from entering the

building where she was supposed to speak. this is outrageous, it's going all over the country. stuart: it is outrageous and it's what everybody is talking about surprisingly enough, it's not tax cuts, it's not nafta, it's free speech. that's what they are talking about. is there any indication that since the left won this one at berkeley, that's the end of the road, things are going to change as of now, any sign of that? >> i certainly hope so, the aclu has come out and defended ann coulter for crying outloud, wouldn't you think at uc berkeley, the epicenter at free speech that there would be petitions by professors, however i dislike ann coulter i will defend to her death the right to say it and we need to do whatever we need to do to provide security to people like ann coulter can speak. where are the berkeley professors saying things like that? stuart: i have not heard them. you don't hear it, do you? when is the faculty, free

speech, first and foremost, we believe in it. get out of here? i'm waiting if -- for that moments and i don't hear it. i want to talk about the 400,000-dollar speech that former president obama is going to give at fitzgerald. before we get to that, listen to what he said about bankers previously. >> i did not run for office to be helping up a bunch of, you know, fat-cat bankers on wall street. they are puzzled why aren't people mad at the banks. let's see, you are drawing 10- 20 million-dollar bonuses after america went through the worst economic year after it went through in decades and you guys caused the problem and we have 10% unemployment? why do you think people might be frustrated. stuart: larry elder, i want your reaction, please.

>> he's evolved, stuart, just as he evolved on the issue of gay marriage, just on the issue of fat cats an wall street. one man's fat cat is another man's cash cow. if i'm hillary, i'm upset that he's getting twice as much and maybe hillary is wanting to sue for equal pay act. [laughter] stuart: i know you enjoy this, i know you do. >> i do, i do. stuart: about time you move to new york, we will teach you athing or two. larry elderly, everyone. >> i couldn't handle the taxes. stuart: funny you should say that. we are waiting for speaker ryan. he'll going take the podium in a few minute from now, 20 minutes, maybe. we expect to get the latest, his take, that is on health care and tax reform. he could move the market today. and this as president trump calls for a border wall, a top mexican official has proposed charging a fee for americans

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stuart: it's happening right now, the president of argentina is about to arrive at the white house, that would be mauricio macri, the president of argentina, he will drive up, walk up the red carpet and the president will come out to meet him and they will hold their meetings. i see the flags going up there. it looks like the motorcade would be approaching. we have a much better shot, it used to be from the side. ashley: unobstructed view tickets. stuart: full ewe of the arrival. there's the president and the first lady waiting for and his name is mauricio macri, the president of argentina. i'm not sure what the conversation will be about, but the president has entertained all kinds of foreign leaders, all over the world, obviously and he's doing it again right now and he's walking forward, that means that the car is approaching, the president has

to be right there and the first lady and there is, there is the car. the presidential limousine for the president of argentina, he will be getting out. first lady, i believe that would be the first lady of

stuart: speaker paul ryan will appear momentarily at the podium. he will make remarks, we think, about tax reform and health care. congressman, relationship from wisconsin. congressman duffey, we keep hearing that we may get a vote on health care tomorrow or saturday. what do you say? is that a possibility, sir? >> what i say is the sun is shining a little better in dc, stuart, it looks like we are going to put a deal together as you saw, the more moderate tuesday group guys with the freedom caucus and conservative guys have come together and cut a deal. i think in politics you want -- if that truly is the case, if that's the case, paul will decide to move probably this

week instead of next week. stuart: congressman duffy, stay there, please, i want your commentary on speaker ryan. >> good morning, everybody. first, i want to welcome all of our special guests today. i think it's great to see you here and it's great that you get to see the work this your parents but don't tell them this but theyre kind of good at their jobs. [laughter] >> one of those your daughters? oh, my god, so sweet. you had one last year with us. very cool. okay. sorry. later today the president will sign an executive order to improve accountability at the va. under the obama administration not nearly enough was done to hold bureaucrats accountable for failing veterans at our veterans affairs despite promises to clean up only only smattering of

people were held accountable. last month the house past va accountability act to make it easier to bring the steady leadership that va medical centers so desperately need. the president signed to reduce out of pocket costs and promote better access to health care. these are positive steps to deliver the kind of fundamental reform that's needed at the va. this adds to what is already incredibly active 100 days. under the president's leadership we have cut red tape at record levels, saves families dollars, businesses jobs. in fact, we have saved families and businesses more than $67 billion just already. yesterday the administration put out its principals for progrowth tax reform, next step for overhauling our tax code and we continue to make real progress in our work to repeal and replace obamacare. as you saw, we posted amendment to the american health care act

yesterday, this was as a result of conversations among member that is focused on how we can do more to lower costs for everyone. what this amendment does it gives more states and flexibility and tools to reduce choices and does this while maintaining protections. those protections maintain in the books even as we add new ones. the goal to give greater states flexibility if they we wanted to lower premiums. we have not yet made any decisions on a vote but this is more progress and we will continue our progress and our work to repeal and replace obamacare. now, i am sure some ofyou have questions. are there any young people who have any questions? [laughter] >> you're not cutting no bar. all right, all right. anybody else have any questions? mike, you have one? >> mr. speaker, how close are you on health care and what are

your reassurances to moderates who maybe are worried about the new one? >> i think we are making very good progress. we are going to go when we have the votes. that's the decision we make when you have it. something tells me you'll be the first one to know. this is a bill that a moderate more than likely will support. some people were concerned about ehb's, they are now put back in. they are in the federal law and a state would have to find a waiver for central health benefits. if anything, this puts more federal protections in on preexisting conditions. every state is a little different. in wisconsin we had a high-risk pool that worked really well and i think we ought to be given the flexibility to tailor the markets. that just makes sense. even if a state gets a waiver,

there are multiple layers of preexisting conditions protections like continuous coverage. you have a healthcare problem and you have health insurance, you can't be denied or rated for a higher health care costs, if you switch to another plan and keep coverage, the same protections apply even if your state gets a waiver. but the more important point, i think, is why this amendment is a step in the right direction is we believe the smarter way to go on getting premiums down and protecting people with preexisting conditions is have federal and state support for people who are sick, support that catastrophic illness with great subsidies so that everybody else doesn't have to bare the costs in the insurance pools. 1% of the people in the individual market draw 23% of the costs. if we directly support the catastrophic coverage, reassurance and you're guarantying that that person

with catastrophic health costs, the person who gets really sick gets the coverage they need. we think it's a good step in the right direction. we are having productive conversations with our members and we feel like we are on the right track and we will announce when we have a vote, when we are going to go. >> is the pressure to vote by the president's 100th day? >> it takes time to do that. we are doing big things. you know me, i talked about 200 days because i thought the kind of agenda that we are attempt to go put together here overhauling health care and rebuilding our military, securing the border, those take more than just a few months. they take a long time. at least a year and so that's why we are working on the path to get it right and not constrain it to some artificial deadline, nancy. >> mr. speaker, high risk pools don't have the greatest track record. in wisconsin your high-risk pools were unaffordable.

>> no, it was actually pretty darn good but this will add federal funding now. think of high-risk pools. there were state that is had high-risk pools or risk-sharing like the main plan, none of them had any federal funding to them. none of them had any federal resources. that takes the idea and adds federal resources to it to make sure it works even better and hhs will coordinate with those states to make sure they have good mechanisms in place. we have seen states, wyoming had a one good, washington state had a good one, maine had a good one, they work. now that we are going to be add federal funding to it, they'll work even better and lower prices even more. >> we reassure people with preexisting conditions that they won't be better off? >> people would be better off, that's the whole goal here. the problem with obamacare is people get one choice at best in a third of all the counties in america. five states, you have one plan to choose from. that's not very good to have a monopoly giving you health

insurance. our job here is to make sure that people get more choices and by getting more choices, you can get better quality health insurance and lower prices and we preserve those protections from people with preexisting conditions, that's the goal of this bill. that's what this bill achieves and we think it's going to be a big improvement on the status quo which is collapsing before us. >> thank you, mr. speaker. [inaudible] [laughter] >> they will withhold those for a funding bill. >> yeah, she said something to me about that. what's your reaction to that? >> be shocked that they would want to see a government shutdown. let's take a step back. the reason this funding bill is not ready is because democrats have been dragging their feet. periodically they haven't been

showing up for negotiations, the reason we need an extension in the first place is because democrats are dragging their feet. even if we get an agreement, let's just say in ten minutes, we simply can't process the paperwork that long and we have a three-day rule. people need to be able to read the bill. inevitable under any scenario or circumstances requires a short-term extension and i'm confident we will be able to pass a short-term extension and i would be shocked that the democrats would want to create a shutdown because they have been dragging their feet. yeah, casey. >> back to health care for a moment. with all the changes that you have made, should this be an easy yes vote for moderates? >> it's his amendment. [inaudible] >> well, i don't know if that's the case. i say tom macarthur who

understands insurance has come with innovative amendment that we think works really well and it gets to where we all wanting to, we want to bring down costs, we want to preserve protections for people with preexisting conditions and we want to respect the fact that states, you know, have different issues, different health care marketplaces and we want to give stat greater flexibilities so theyan get the maxum reduction in policies and premiums and so that we can get the best possible health care system. what we have learned is a cookie-cutter one-size-fits-all and different countries have different rules and different systems, we need to respect that and that's what this macarthur amendments does. he's one of the leading shot -- sorry. it was a good shot. that was pretty cool. one of the leading members of the tuesday group. >> aren't people's seats

potentially at risk? >> we all campaigned on repealing and replacing a law that's collapsing. the american health care system in the individual market is imperil right now. we have a moral obligation to prevent people from getting hurt, stop damage from being continued and we promised that we would do this if you violate your promise, if you commit the sin of hypocrisy in politics, that's the greater risk to a person's seat. dude in the back. [inaudible] >> we are in litigation. i won't go into details of that. it's a difference between separation of powers. we are in existing litigation

and the white house, the administration has been making those payments while that's pending which is still pending. i think the white house has already made comments on this and i will leave it at that. i won't speculate. yeah. >> thank you. >> i will go back to you next. >> the house oversight committee is showing concern about michael flynn. i'm wondering in failure to discloses, do you believe he may have broken the law and number two, are you concerned about the white house's vetting procedures and actually hiring -- >> i don't know if he did or he did not. that's why we have an investigation. this is part of our ongoing investigation over at hipsc as well and we will find through an investigation. i'm not going to prejudge a conclusion. >> where do you stand should the -- [inaudible] >> i won't get into -- i do

believe that the health benefits should be extended. i'm not going to insert myself into ongoing negotiations that the appropriators are having of that. >> last question. >> the tax foundation, tax reform, tax cuts, you guys decided on the republican side, but one of the assumptions, and so i'm curious as to -- [inaudible] >> it's all about interest rates, right, jonathan. i think under most models you assume a normalization of interest rates will occur. the question is do interest rates go above their normal, normal rates or go higher because of debt and deficits, crowding out investment. i do believe that we have to have fiscal discipline in

addition to wealth. you know me well, that means reforming entitlement programs. ic passing this health care bill which helps go at lowering the cost of health care is extremely important if you're going lower fiscal exposure, if you're going to help close the debt. one of the biggest drivers of our debt is high cost of health care. we will have system that's restored of reviving the market. that's one of the greatest thing we can do to bring high health care costs. i do believe that you have to have comprehensive entitlement reforms along with progrowth legislation like tax reform to get the best of both worlds which is getting the debt under control, getting people back to work and getting faster economic growth that gives us better revenues. that was the last one? it's my turn to ask a question. how many junior reporters do we have here today including photographers? stuart: i want to move this along. congressman duffy, still with us

and listening to what's been said. the speaker said they are not going to go into a vote until they have the votes and earlier we were told that they are within lower single digits. can you confirm that they are that close, sir? >> i can't, stuart. i think we are close. we want to get a compromise. we want to fix health care. one of the burning issues right now as members of congress, we want to take a look at this amendment, this new compromise. we had a process and you just can't instant i will say, yes, it's something that you haven't gone through and some with busy schedules and need time to look at it and i feel comfortable with this agreement that you're probably going to get 216 republicans to support it, maybe democrats and we will get it across finish line. stuart: we really like to hear that you get it done tomorrow or saturday. can't go quite that far. are we close to friday or

saturday, come on, tell me? >> no, no. as you just noted, we are closed and i think when you get to the number you wanting to right away. you don't want to wait. when you get the number, you move ahead. timelines in the house because the amendment has been filed, we can move as quickly as we have 216 yes votes. stuart: i know you to run. thanks for bearing with us throughout this program. dan haninger is with us. >> there's a thought that compromise in politics is a four-letter word. it's the coin of the realm and that's what they are doing here freedom caucus did not get the essential health care benefits pulled out of the bill, the speaker just said that would be

in their states, we will need to seek a waiver. that's what the freedom caucus wanted, the ability of the states to seek waivers and to have the flexibility to start designing their own plans. they are going to get that, the moderates in return are going to get the fact that people with preexisting conditions wl still be in the bill and one of the most iortant things he mentioned is that the federal government will now contribute to catastrophic high-risk health pools. that's a big deal. stuart: a compromise that's made for both sides here. >> absolutely. stuart: that's a classic compromise, for sure. the president was just asked a question and responding about nafta, role tape, please. >> venezuela is a mess. [inaudible] >> well, i was going to terminate nafta as of two or three days from now.

the president of méxico who i have a very, very good relationship called me and also the prime minister of canada who i have a very good relationship and i like both of these gentlemen very much and they called me and said rather than terminating nafta, could you please renegotiate. i like them very much, i respect their countries very much, the relationship is very special and i said, i will hold on the termination, let's see if we can make it a fair deal because nafta has been a horrible deal for the united states. it's been very good for canada and very good for méxico but it's been horrible for the united states. and if you check my campaign, any of my speeches, i said i will either renegotiate or i will terminate. so they asked me to renegotiate, i will and i think we will be success nfl the renegotiation which frankly would be good because it would be simpler but they understand that.

and so i decided rather than terminating nafta, which will be a pretty big, you know, shock to the system, we will renegotiate. now, if i'm unable to make a fair deal, if i'm unable to make a fair deal for the united states, meaning a fair deal for our workers and companies, i will terminate nafta. but we are going to give renegotiation a strong shot. thank you very much, everybody. thank you. thank you very much. stuart: may i suggest that that was classic trump. he established an extremely strong position. i'm going to terminate nafta. he then hears from the leader of méxico and canada, why don't we renegotiate and trump says, yes, classic trump. >> that's his mo, that's the way he does business. this is the guy that fired 58 tomahawk missiles. they picked up the phone and

called him. stuart: four, five of us were sitting here watching president trump responding on nafta and we are enjoying listening to him, not for the content, but the style of delivering of this president. liz: for eight years we listened a president that took 2 million words to answer two-three word questions. [laughter] stuart: the judge is here. >> i'm thinking nafta is not a treaty, it was a statute. it was approved by the congress. how can he terminate it? he's not the congress. am i a kill-joy? [laughter] stuart: i think he wants out. [laughter] stuart: mr. hanniger, thank you for joining us. i love it. i'm going to get back for the fore mentioned judge because president trump unveiled tax

reform plan. napolitano is here. are you going to repeat the old-worn-tired mantra that all tax is debt? [laughter] >> i remember thomas jefferson who collected taxes and imposed taxes believed that it was theft. i think it's not going to be that easy to get through the proposal. stuart: you've heard? >> as attractive it is to a lot of us because it lowers rates -- stuart: why not? >> because of the deficit hawks. i know two or three republican deficits in the senate and two in the house who will not be in favor of any significant tax rate reduction that would produces less in revenue without a reduction in spending. stuart: the argument is, you produce less in revenue to start with, but then the tax cuts create growth down the road which increases.

>> we have the example of the reagan years. a relatively historic of that working. a lot of these people and some of the same people that dan writes about in the freedom caucus, are pretty obstinant about that. if there are no tax cuts and no spending cuts, it's going to add a trillion a year to operate the government. stuart: that's using static accounting. if you use dynamic accounting it's a very different story. dynamic story is when you create growth, you get more money coming in -- >> i understand the theory. i happen to believe that myself. there are also people who are terrified of debt and i think there's a number of them, republicans in the congress to require democrats to support this. >> stuart: i noticed that you did not mention democrats terrified of debt. >> democrats love debt.

[laughter] stuart: have you heard a democrat growth plan because i haven't, you heard one? >> none whatsoever. the last democratic growth plan was barack obama's 800 billion-dollar stimulus, did nothing to grow the economy and then he turned the economy over to the federal reserve for eight years. >> has a single democrat opined on the president's proposal in a favorable way? stuart: not to my knowledge. democrats have said two things to my knowledge, number one, it's a give away to the rich, number two, it raises -- it grows the deficit. so let's deal with number one, it's a give away to the rich. i don't believe it is. what is it? >> i think they're going to think twice about this. taxes are being lowered to

middle-class. look, if my boss' tax rate is going to reduce 15%, it doesn't take so much logic that maybe some of that money is going to fall to me in higher wages. >> school teachers are going to benefit from this, the type of people that are the core base-democratic voters, how are their representatives and congress vote against it when so many people that voted for them will benefit immediately from the tax cut. stuart: in my opinion, the biggest beneficiaries are the middle americans. >> you're hiding your bitterness but i know it's there. stuart: no, no. [laughter] stuart: i want to see america get moving. i want growth. if that's the deal that our president can get for us, i will take a 4-point cut as opposed to 20-point cut. i will take the thing. >> democratic argument that it benefits the rich even makes any

sense to democrats this time around. liz: everybody knows it's a tired-old arguments and the democrats have no response about the small business tax cut. it is contradicts from them about how that will raise growth. they are silent on the president's move to help small businesses. stuart: one more issue. the president proposes in this tax reform plan to get rid of all deductions except mortgage interest and except charitable deductions. when you pay a whole bunch of money for state taxes, california, new york, for example, that's not a deductible, that's a real hit on wealthy part-time who pay enormous amount of money in state taxes and could no longer deduct it. that's a hit on the upper classes. i'm thinking i'm in britain. [laughter] stuart: i slip into it. i'm very, very sorry. are we done? liz: we are done. >> i'm sitting next to a member of the upper class.

[laughter] stuart: while we are on the subject, let me just say -- i think i have a minute left and i have to say this, when i was growing up in england, i was a lower-middle class kid, my father never owned a car, lower-middle -f class kid, good family, i knew the upper classes looked down on us, the elites looked down on me and i resented it like you wouldn't beliee it. liz: they do it here. stuart: you come to america, what did the elites do in the last election? they looked down on trump people, they looked down on people like me, the strivers of this world trying the climb the food chain. i felt exactly the same in that election as i felt living in britain years ago. >> very articulate when i get under your skin. [laughter] stuart: anything to add? >> that's going viral. [laughter] stuart: all right, everybody, that was fun. we will be

back.

. . neil: pay-per-view of the kids earlier. frightened out of their mind. why were they holding up crucifixes? stuart: do you have a show to do? neil: no, i like to talk to you all day. man, oh, man. i got them on a loop in my office now. than