maria: those guys are tough. dagen: it's an important message given the climate today and pointing the finger and not taking blame and treating others like garbage. maria: and that will do it for us, here is "varney & company" with charles payne. >> thank you, good morning, i'm charles payne in for stuart. here is what we have today. one of the architects of obamacare, jonathan gruber blamed president trump for the health care law's failure. and meanwhile, g.o.p. bill moves to the senate where there are battle lines drawn, and they may have to rebuild this from the ground up. >> and hillary clinton sending a tweet about the french election and taking a swipe at the media in the process? and we're all over it, "varney

& company" is about to begin. ♪ >> the dow is not moving because ibm is getting crushed. warren buffett has sold most of his stake and is taking damning comments about it, but the nasdaq and s&p are opening higher and perhaps before the day is over, dow will join him. >> that was me friday morning saying that the markets would rally with the close, a closing rally on friday and it did, just around the 21,000 mark. the futures look essentially flat. we were down most of the day. the initial reaction to the french election was a spike in the market and we've settled down. and looking forward. obamacare co-author jonathan gruber blaming donald trump for obamacare's problems. >> look and whose fault is this? before president trump was elected there were no counties

in america that did not have an insurer. since president trump's been elected a massive-- >> wait, wait, you're going to blame the problems with obamacare on president trump? [laughter] >> come on in james freeman, editorial page and fox news contributor. obamacare is trump's fault that it's not working. he did a lot of of dismantling in three months. >> kind of amazing. should have been more celebration among republicans, look, jonathan gruber doesn't have a whole lot of credibility. and talked about stupid voters and how they got obamacare through in the first place. for anyone tempted to buy this now, google or do the search on their favorite newspaper website and read the stories from 2013, 2014, 2015, 2016 saying premiums going up, insurers are fleeing the exchanges. so, he's now, obviously, concerned about reform and he's

sad that his beloved mandate is going away, that they're lowering the personalities for not participating in obamacare, but the problems were there really since inception of this law. >> it's amazing to me that jonathan gruber shows his face in public let alone on tv. liz: and that we paid him. not even obama or hillary clinton are making these claims. it's so off the wall it's roundly dismissed by both sides of the political aisle. >> give them credit thinking forward, an argument at some point, whenever there's a final bill that president trump and the insurance companies are in bed together, and that's why the insurance company let everything lapse knowing a republican was coming in and they get a sweeter deal, i'm reaching here. liz: yeah. >> i think what you're going to see is finally the beginning of maybe some discipline on costs, certainly the taxpayer is going to pay less going forward, at least that's the plan in this bill. obviously, it's going to be

rewritten in the senate, but, i think you finally might have marketplace incentives and that's not always good for insurers, maybe good or bad, depending. liz: obamacare started collapsing 2011, 2012 four years before donald trump announced. >> the initial couple years with that, the taxpayer paid for any losses that insurance companies had. once that expired, the insurance companies fled one by one. all right, guys, another quick look at the equity futures here, essentially we're down a little bit. don't let that fool you. i think that after meandering, we could see some traction, huge, huge. the earnings season has been phenomenal. and more on wireless in a few minutes. sinclair closes in on that $4 billion deal to buy tribune media and kate spade, 2.4 billion all cash deal and both shares are up right now in the premarket trading.

texas governor greg abbott signed a bill yesterday on sanctuary laws. judge, what do you have to say about this? >> there are three parts to the statute. part one, the legislature and the governor in a statute with directed allstate employees to comply with federal requests for information on undocumented persons. so if a human being is being divorced in a state courthouse or is being released from a state jail and the feds want that person, the state will hold that person at the state's expense until the feds arrive. it's not a great expense, it's normally 48 to 72 hours, that's part one. part two of the legislation, direct non-state employees to do the same thing. because the state of texas does not have a unified government, the legislature doesn't control everything in the state, the counties are independent and cities within that county independent of the counties, that part of the legislation is

probably troublesome under texas law. part three this is the most troublesome part that will involve the federal courts. this authorizes all police offirs olaw enfoement personnel in texas to stop anyone at any time and ask them for their immigration status. now when arizona passed such a law about five years ago, it was involume dated by the federal district court, by the circuit court and eventually by the supreme court. so that part of it i think is doomed and probably will be enjoined from enforcement this afternoon by a federal judge. >> the arizona sb-1070 law. >> how do you forget the controversy over that. >> the show me your papers law. and that part of it, the supreme court struck down the on the constitution. >> i understand the impression that governor abbott full disclosure, a friend of mine,

is trying to make. donald trump has the right to ask the assistance of the states to comply, to help him enforce federal immigration night. >> kim paxton the ag said this was not the case, says it goes up to the line, but doesn't cross the line. police officials aren't being asked to stop people randomly and for, you know, to ask them to show the papers, so to speak, but they can ask if it's involving something else. >> if they stop you for speeding or jaywalking or the other extreme or murder or bank robbery, they can ask for your immigration status. that's the supreme court says they can't do. >> you see that struck down. >> that part of it. i don't know which way the texas judges will go, can the legislature tell the counties what to do. >> and the big one was travis county, 1.5 million from them to stop them from doing this, this includes austin so this is probably going to be a

showdown. >> austin is the most un-texas part of texas and therefore ground zero. >> thank you. i talked with gary cohn on friday and we talked about taxes, listen to this. >> we're just starting down the path of taxes and unlike health care, we are out talking to all the groups that are going to be interested in our tax plan, with the freedom caucus and the industry groups. by the time we get a bill drafted we'll know the issues and dealt with the issues and make it substantially easier to get through congress. i want to get back to james freeman, that makes sense, that's one of the big mistakes with the initial health care repeal. paul ryan was quarterbacking this thing and he didn't know that if everybody was on board. it makes sense to get everyone on board before taking to the public? >> i would argue with the history, i think they actually did work on the health care

plan a lot and talk to different people, but as far as this goes, that's great to listen to a lot of people and would i hope that gare cohen is selling the idea of tax reform to people, but one thing you worry about, do not try and satisfy every interest group because that's how you get the complicated monstrous tax code we have today. >> because it is a razor thin margin in the senate they have to find a way to satisfy almost every g.o.p. interest group. >> the trump plan goes a long way to that where you unify the business community. not just the groups at that file as c-corp.s, but small businesses as well. they're a long way to that. if you keep the basic abbing tabbing-- plan. >> and don't you find it, paul ryan, and the-- >> james you make it sound like

it's simple. i think there are serious hurdles in the party. >> iffer woo -- if we're talking about trump's plan versus paul ryan's plan. this is tastes great, less filling. you're talking incentives to work, save and invest and the details matter, but i think the range of outcomes is pretty great assuming they get a plan through and i think they will. >> some gee-whiz tech from wal-mart of all places, technology that tracks how you use the products in your home. automatically records when you run out and we're all out of it, we're all over that, it's crazy, crazy stuff. >> and could be trouble for bernie sanders's wife jane. fbi is launching an investigation into how she's falsified perhaps loan documents while serving as president of burlington college. more on that as well. and president trump weighing in on the chaos in venezuela, he's in time for the anti-government

protests to come to an end. more on that with ambassador john bolton. all of that next. it's great to finally meet you. your parents have been talking about you for years. 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. knowing that the most important goals are yours. it's how edward jones makes sense of investing.

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>> another quick look at futures improving somewhat. i think it's an interesting day, not unlike friday when we might be able to build up a head of steam as succession goes on. and meanwhile, wireless teaming up. tracy. >> charter and comcast are going to team up on wireless. cable customers will be an i believe to get all of their services in one bundle, their internet, their wireless, land line, they will get their cable tv, making this more appealing for customers, being able to, you know, for these companies to retain customers, keeping them from jumping to a rival.

they're competing with-- it's a heavily saturated market. they're competing with streaming services. >> any indication if this is enough or just another step in, again, because this thing is like the wild, wild west. >> you know, it might be enough. i think it will help. they will be able-- customers will be able to get one bill with everything, it's a one-top stop. >> tracy, thank you, appreciate it. >> thank you. >> the trump administration is calling for a quick and peaceful conclusion to the unrest in venezuela. come in john bolton, ambassador to the u.n. and fox news contributor. how it could end peacefully, with all due respect in margaret thatcher, the final act is not running out of other people's money, but blood in the streets. >> i'm afraid they will be close to that. the maduro is a second class

follow-up act. and the fact is that venezuela's political institution, social institutions have been unravelling for a long time and the judiciary has been owned by the chavez-maduro regime. so i'm very afraid, it's hard to see how an orderly, peaceful transition of power would take place, but i have to say, even if the opposition were able to get power, it's not at all clear that they see a path towards governing. the chavez-maduro have underinvested in venezuela's petroleum industry, they've left the economy a wreck, things are in bad shape across the board. >> and while they were underinvesting, with the police and army for the last several

years, anticipating at some point it could come to them versus us. what about the idea, is there anything that america can do? is there any way we can intervene? this is our neighbor, a frightening situation, we used to be big part of venezuela's economy. >> it's hard to see how we could get involved in a way that wouldn't become public and maduro wouldn't use against the opposition. some years back they purchased hundreds of thousands of m-16's from russia, far more than the army could use and the reports are they were distributed to the peasantry in venns which chavez and maduro had been buying off for a long time. and i think we can quietly say to the opposition, look, we're with you, whatever we can do once you take power to help stabilize the situation to prevent an attempted coup by the displaced army or police when that happens, i think that's probably the best we can

do at this point. >> ambassador, i'm not sure if you saw this, hillary clinton tweeting after the macron victory in france. i want you to take a look at it, victory for macron, the french, the eu and the world defeat for those interfering with democracy, quote, pr parenthes parentheses, i can't talk about that. what do you think that's about? >> you're asking me to psycho analyze hillary clinton and the best i can do, and i think she may be referring to the reports that the russians have tried to interfere in the french election a few days before the election on sunday, the macron campaign said they had been subject to a massive hack, we don't really know the details under french law there's supposed to be a period of quiet three days before the election, no campaigning, no polling, no press commentary, it's unclear exactly what

happened, but i think that may be it, because of hillary's blaming the russians for her defeat in our election, or maybe blaming the fbi director, she was blaming somebody, it wasn't her fault, we know that. >> that's for sure. ambassador, thank you as usual. >> glad to be with you. >> the new york times says president obama is tone deaf for getting paid $400,000 for a speech for wall street executives. we're on that, more on varney after this. so tell us your big idea for getting the whole country booking on choice hotels.com. four words, badda book. badda boom... let it sink in. shouldn't we say we have the lowest price? nope, badda book. badda boom. have you ever stayed with choice hotels? like at a comfort inn? yep. free waffles, can't go wrong. i like it. promote that guy. get the lowest price on our rooms,

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> . >> protesters are in the streets of paris and ashley is there. ashley: you know, emmanuel macron was elected last night and won't be sworn in as president of france until next sunday, already we have the protests that have begun. i'm among several thousand people here. these are workers, trade unions, those people who do not like emmanuel macron's economic policies. they say he's a former millionaire, a banker, who wants to reform the french labor laws, those laws are strict here, charles, you can't hire, you can't fire, a set number of hours per week that you can work and these people here say they do not want macron and they are going to fight him every step of the way.

so far he's been, well, he's been elected about nine hours ago and already, here we are, we're walking from central paris down to the bastille. of course, that's famous for the french revolution back in 1789. so far it's all been very peaceful, surrounding each side of this parade or protest, i guess, are many, many riot police, but so far, no sign of any trouble. they are making their point though that they do not like emmanuel macron and here to shout about it. charles, i guess that's another day in france, right. charles: fun times there for sure. ashley, take care of yourself and we'll see you again soon. meanwhile, the new york times editorial board is calling out president obama for the $400,000 wall street speech. quote, it is disheartening that a man who's historic candidacy

was on politics is cashing in, it shows surprising tone deafness. jim, freeman, what do you think about that one? >> look, i think president obama has a right to earn a living and i don't want to criticize the people running wall street investment banks, but you have to wonder, who are these banking clients who, after eight years, want to sit through another obama speech? i mean, i would say take the $400 grand you can probably package together a lot of good one-hit wonder bands from the '80s, get katrina and the waves and-- >> and i think goo-goo would be today, got to put them there. >> six or ten of those guys. charles: midnight runners, throw them in there, why not? >> to me, that is a client gathering, and hits your target demos. liz: what does this mean moral examination of politics? it means taking more people's money and giving it to other people, that's what obama was about. charles: one thing we haven't been able to break in this

nation, that wall street-washington d.c., that conveyer belt that goes back and forth, back and forth, the current president and administration, and as much as we complain about it, it never goes away. let's check on the futures, guys, because you can see gradually getting better, negative 39, negative 30, negative 24. the opening bell just moments away. think your large cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp

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>> all right. folks, ten seconds, eight, nine, until the opening bell. we had an eventful week last week and a lot of things going, obviously. the spending bill goes through and the first days of the obamacare replacement and through it all, the markets sort of were overshadowed. nevertheless, nasdaq, s&p finished at all-time highs and the dow jones industrial average not too far away. there you go, you can see the population now more red than green, but it's still early on with your dow 30. in the meantime, the euro hit a six-month high of the dollar after macron's election in france. and the tech names that we check every single day for you, technology stocks have led this market rally all throughout 2017 and they continue to do so today. mostly green, mostly mixed and amazon making a pretty big move there. joining us now, liz macdonald,

keith fitz-gerald. i say the big news item that no one is paying attention to, up more than 13% from a year ago, the best quarterly performance since the third quarter, 2011. washington is looking for a big quarter, but are you surprised how big it's been so far? >> no, not really and here is why. we knew growth was around the corner and we new that managed expectations were so low a limbo dancer would have it's like betting on the horse race afterwards. if it were anyplace other than up, we'd be in trouble. charles: jim. >> earnings are great and the trump revival project is on track with the house health care vote and you have to be optimistic looking at the european results. macron was an advisor for a socialist, but he's for lower taxes and reduced government spending, at least in terms of the work force there. charles: there was, i don't think, a perfect candidate in the french election, you could have cherry picked a little

from all the candidates and probably why so many people stayed away, but back here at home one beef with the market, is that right now the valuation on the forward-looking basis, 17.5, that's a little above historic norms and that's scaring some people, and including some experts. liz: yes, self gunlack, almost a perma bear. we've had nearly five dozen panic attacks since 2008 and they've turned into relief rallies. eu, france election, brexit, what is it going to be rate headache -- rate hike and usually-- >> and apple tv will reportedly get amazon's video app this summer. james you like that? >> i wonder, seems to be a lot of competition in the market. and i wonder about netflix, now bigger than any cable operator,

but you've got a lot of competitors in this market and i would think they can't all make big margins eventually. charles: although it's a big world, right? netflix making penetration in china and others catching up. people bet against this and lost their shirt have been slaughtered and there's speculation, e-mack, that disney may make a bid for netflix. liz: that's the key, who is going to pick up netflix. would netflix want to sell itself? you might think given the cash burn there. it's a crowded space. charles: the big name techs, we follow on "varney & company," they've done extraordinarily well, and any reason to be anxious? >> you don't want to put in grandma's dollars in there all at once and it's about perspective. people who lost their shirts are better they're going down and if they're betting against the future, it's not a good place to be. charles: typically it's not.

speaking of the future, let's stay with that and the theme around media, facebook wants a launch a tv-like program by the middle of next month. does it make sense when everyone says that tv is dying? >> well, if it's facebook, it makes sense to me, because that company's still figuring out what it wants to be when it grows up. a lot of capital and momentum. to me it's a logical streak move that makes me want to more attractively value the company. >> they're talking more shows and teen market. they want one virtual reality dating shows? as if facebook hasn't given parents more of a heart attack. and a dating show with the homicides and rapes broadcast. i hear what they're saying, it's to keep the 2 billion locked on the site for ad revenue. i'm worried about their oversight. >> they're gobbling along with

google basically the growth in on-line mobile video. this is taking other pieces of other people's business. how many people can make money in video, we were talking about wireless, onhow many companies with make money in wireless. charles: i think it's smart for them to try different things, even if they don't make it. youtube lost 5% of top advertisers in the united states over placement controversy, ads that were alongside of offensive videos. james, they have fixed this, right? is this over with now? >> i'm kind of amazed it wasn't a bigger problem. we see, again, google owning youtube and facebook, they continue to grow despite really horrific incidents. the murders live on facebook, you had-- they both had a problem with advertisers content being paired with really horrendous stuff. isis and i mean, i think one question consumers might be saying. you've got the algorithms that seemingly can do everything in

terms of marketing, but haven't cracked how to get rid of jihadist videos? that might be a question to ask the companies. charles: keith, one thing is the adoption of modern day technology happens in weeks what used to take years. you know, when you start talking about learning curves and mistakes, wall street has come to expect them. how quickly do you fix them before main street turns on you? >> you know, that's an interesting one. i'm with james, how do you control this stuff and liz makes good points as well. and the question to me is not actually the control itself. because we have problems with the government. we have problems with snowden, but yet, we don't have problems voluntarily putting all of this information on-line. to me, this is a -- it's an unhealthy mix and i don't know where it ultimately comes down for now, again, it's about that eyeball to territories. how do you grow this thing. >> a quick check of the big board for a moment we were positive and there we go. it's a little bit after

tug-of-war right now, again, one of these sessions, if it gains traction and the dow looks like it's going to get back near all-time high, watch the professional money managers, because they have really been sucking wind for many, many years and they can't afford to keep tracking, trailing everyone else. let's take a look at oil having its own issues and breaking down big time, technically and may have found some support at $46. it needs it or we could be talking now, some people talking three handles. that's scary. tyson foods, fire at two plants, disrupted chicken production there, down $3, a big percentage loss and earlier we had the report comcast and charter teaming up on wireless, that has comcast slightly higher. charter slightly lower. sinclair closing in on the deal to buy tribune media. making a nice percentage gain here, a merger monday, not a lot of them, but this was well telegraphed and coach buying

kate spade, 2.4 billion dollar deal, i think it's a cash deal both are higher. wall street seems like-- seems to like this and make sense. >> and tracking these once you take home, i am nervous about wal-mart nothing what we're doing with the stuff. >> i'm not crazy about that. i think the cat's out of the bad. and insurance is going to watch your cars. medical guys want to know if you're taking your medicine and wal-mart wants to know what you do with the stuff you're buying. charles: my tv is looking at me and listening to conversations and buying regular things like a vacuum from wal-mart and reporting back to the company. this guy doesn't clean up often. [laughter] >> no rest for the weary. with amazon dash buttons you control it and press the button if you want to reorder. with this patent appears, wal-mart is going to track when you need something and

automatically reorder for you and plus what you use in the home. this sounds pretty invasive to me, i'm not sure i need something like that in my house. charles: that's the promise of internet of things, your refrigerator can sense when the milk carton is empty. liz: and the internet hacked things-- >> and it's a carton of milk. >> i think it's tremendous technology. charles: he leads a squeaky clean life. [laughter] >> i'm worried about it, everyone, check me out. he lives in a glass house, are you kidding me? ivanka trump is going to head a review of u.s. climate change policy, as president trump, you know, even as-- president trump is really, looks like he's going to pull out of the u.s. climate deal, but, jim, maybe not. if ivanka gets involved, there's a chance we stay in it? >> and it's a symbol, right?

these deals they're signed with great fanfare and don't force any real changes, but this one, if the policies were actually implemented they could. i don't think that trump is going there. whether or not he gets out of the deal formally, i think he should. charles: it's a bad deal for the united states. >> it is. and you might have some reluctance with rex tillerson being the former big oil guy being self-conscious about the u.s. being out of that deal. we should abandon it, it's not good for growth or for people or doing much for the environment. charles: guys, another quick check of the big boards, pulling back 25 points. trying to gain some traction here. and nasdaq did tick a new high. and keith, how do you see this playing out? >> that's a tough one, i want to see aggressive tax cuts on the corporate level, on the personal level. there are millions of americans who still have not recovered at

this point from the financial crisis, and it's a desperately needed win-win for those involved. charles: james, keith, thank you both very, very much. and the clean living james freeman from the wall street journal. [laughter] >> one more check of the big board. the dow off 25 points, trying to get that traction and doesn't have any leadership, that's its problem right now this morning. meanwhile, jane sanders, the wife of senator bernie sanders being looked at by the feds for alleged bank fraud. we've got the full details coming up. also, an update on the san bernardino terror attacks, and victims families are suing, facebook and twitter and saying social media enabled attackers in the 11 a.m. hour, one of the fathers of the one of the victims will join us.

>> taking a look at the big board. dow jones industrial average off 24 points. netflix renews the controversial series "13 reasons why" for a second season, rather. what's going on, nicole, with that. nicole: well, it's just more original content from netflix. so far we've seen netflix soaring since it began original content back in 2013. if you got into netflix then, you'd be up 546% on your money. gone are the days of those little red envelopes arriving at your door. this particular series is a controversial one, it's about a high school teenager committed suicide, and her crush classmate received 13 cassette-- seven cassette tapes on the porch and documented why the girl committed suicide and now it goes on to season two, more of the bullying, rape, suicide and the aftermath that goes with it. so it's controversial, but big picture, it's just more content

for netflix that expands abroad and at home. charles: thank you very much, nicole. meanwhile, wal-mart applied for a patent that would allow to track the way products are used once customers take them home. come in, bill simon, former president and ceo of wal-mart usa. bill, i know the company's playing catchup in so many ways, this seems a little invasive, no? >> it's kind of crazy, charles, isn't it? and thanks for having me, but you know, sometimes innovation seems that way and it might not make any sense today, but maybe that's something that down the road that could translate into a win for them and they're playing catchup to a certain extent with amazon. charles: it feels like wal-mart is trying, because it's playing catchup. i don't know if it's pride and ego kind of thing, but to catch up in the most unconventional ways. their biggest acquisition on-line is jet.com and yet, two weeks ago, pet smart made a $3

billion with acquisition of chewy which is bigger. it feels like they're going to the acquisition trail and internet of things. it feels awkward. feels like they haven't come to the realization that they're far behind and need to make perhaps drastic moves to catch up. >> well, and it's all relative, too, charles. good retailers are doing really well. costco, aldi's, the dollar stores doing really well. wal-mart is really, really good at price and asortment and every time they do that well they're successful and when they stray from it, they run into trouble. several years ago, we eliminated a lot of sku's with the exception of target and the dollar stores sucked up that volume and that's their resurgence and now you've got aldi's and ledl on the value and wal-mart has to be careful because this'll get flanked on that end, too. charles: that's one thing that

people have a hard time outsourcing. they like to go and feel those vegetables. i had trump's economic advicer gary cohn on friday and we discussed many things, including bringing overseas cash back home. i want you to listen to this. >> big, one-time incentive rate to get a lot of the money off shore. you know, we know there's trillions of dollars off shore and we want to get that back into america. we know if we don't incentivize to bring that money back, it will be invested overseas. we've seen it. history tells us. we want that money back as soon as possible and give people an incentive rate to bring it back. over time we're going to territorial system that will deal with issues and allow companies to move their capital around as they want to. charles: bill, what do you have to say about that? >> that's exactly right. it is bang on. there's so much money off shore because of the tax code and the law. the puzzle pieces, if you will, that the businesses have to

figure out today, that the ceo's have to figure out to have profits and lead to off-shove activity and lead to it staying off shores and invested overseas, in order to the the growth rate we have the money and the territorial system, either a border adjustment or value-added tax or something to equalize the incentive to recut the puzzle pieces because our business leaders are capable. and if the puzzle pieces lead to domestic investment, that's what will happen. today that's not the case. charles: i kind ever tossed out border adjustment during the interview and you never took the bait on that, nevertheless, paul ryan likes that idea and he's going to be going around the country, including ohio on wednesday. where do the brick and mortar guys stand? because you just sounded like you were okay with it, but what i thought, i thought this would be an absolute killer for most of your brick and mortar retailers? >> the devil is in the details, charles.

but implemented, it would be very effective. brick and mortar ceo's today are obligated because of their fiduciary responsibility to tell you they don't like it, they will he do the analysis and based on the rules set up today, they won't like it. but in the end, we can't live in a system that incents our companies to invest off shore and leave the money over there and only import products. we can't give in this bar bell economy that we've come to, we've got to rebuild the middle. retail and restaurant jobs were never meant to be $15 an hour job, but we don't have the middle for people to progress to, which is sort of ended us where we are today. charles: bill, thank you very, very much, they insightful stuff. i we'll have you again real soon. thank you. the fbi investigating bernie sanders's wife over a land deal. what's going on there. liz: these are the allegations that come from the daily caller, they've been looking into this, 2004en had --

2 2014, bernie sanders wife ran this that is now defunct. there was donor mon he money coming in, some of the donors were contacted and said we never promised this money and raised a portion of this. and in other words, on the loan documents, she put down the numbers and so the fbi apparently is investigating. charles: wow. that's deep. thank you very much. i want a quick market scan. the dow 30 stocks, you can see very, very few winners right now and the majority of them are in the red. not by a lot so we're lower right now. doctors say think americans think that providing care, in reality, they're the ones who often deny access to

>> well, our phone doctor, marc siegel, sounding off on health care in a new york times op-ed. americans believe that insurance provides access to care when in fact, it's the gatekeeper that often denies care. that's a strong statement to make and in all places the new york times. >> got a lot of reaction to it because the bureaucracy of insurance, charles, is there telling me, you need a pre approval, approval, and believe

it or not, they're arbitrary half the time. a lot of times i think my patients need i can't get approve and things i don't think they need they get approval quickly. and people see me unnecessarily, and a lot of doctors out there create mills where they see too many patients for too many problems at that they don't really need to see them for. this jacks up the costs and then we have the preexisting conditions and the good news, which is innovation, technology, personalized solutions, you know, immuno therapy. this stuff is really expensive. soy so if you put the preexisting conditions together and make everyone pay the same premium and it's expensive and overused and geared towards the last two years of life, guess what? it's going to be a fortune. it's going to be a fortune and that's what we're currently facing. charles: does this play into the whole thing as defensive medicine as well? that's obviously an issue, people getting checked up for things they don't need to be checked up for? >> you know, and stuart says

that's the main point. he's made that again and again. he thinks that defensive medicine is the biggest reason costs are high because in my chair, it's not just i'm afraid of malpractice, i'm afraid of missing anything that could potentially lead to a liability situation so that's a huge cost. one thing i want to tell you, charles, i have a solution that nobody has talked about. if the government feels they're responsible for the health of the public, they should expand the national health service corps, they should build more federally funded clinics and they are services 22 million people as it is, and that's the way to provide it more cheaply. charles: dr. marc siegel, making big, big waves. >> good to see you. charles: appreciate it. health and human services secretary tom price challenged by andrea mitchell asking why there were so many men at the victory in the garden. and wait until you hear the answer. more varney minutes away.

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charles: charles payne in for stuart varney. beg stories, protests in paris, clashing with police. we'll take you there live. media asking why there were so many white men celebrating the rose garden ceremony. claudia tenney who was there in the front row. she will respond. "new york times" criticizes president obama getting 400,000 for a speech from those fat cat wall street bankers. nancy pelosi facing a primary challenge from a rowe bernie sanders candidate. we'll meet him as well. meet a australian billionaire to pledged $2 billion to bring 5,000 manufacturing jobs to america. "varney & company" starts right now. ♪

charles: checking on the big board, we have records all over the place. s&p 500 hitting a record high. same story for nasdaq, record high, record high. apple, one of the main catalysts there. that is hitting a record high. merger monday not a lot of deals. this one captured our imagination. coach buying kate spade all-cash deal. both stocks are higher. sin clear buying tribune media for $3.9 billion. both of those shares are higher as well. anti-macron protests in paris. ashley webster is there. ashley, is it getting violent? ashley: you saw us earlier, charles. it was peaceful, people demonstrating against macron, the workers unions, what have you. now with have this. we have riot police backing up as this protest march heads down towards the bastille. let me come over here, what we have is a center point.

we have riot police over here. up the street we have protesters coming down towards us. we have had one small explosion, about 15 minutes ago. at some point, these protesters will run into these officers and these officers will not let them go any further. so, there you have it, charles. one day after the election of emanuel macron, already people unhappy. especially those workers who believe that emanuel macron is not their friend. he wants to reform the labor laws. and he is also not a friend of the unions. so here we are, watching i guess democracy in action. but, as i say before, he was perly fine. everybody was happy. they were playing the drums. it all turned as it can do so quickly, just a little ugly. we'll stay on it, charles, we'll let you know what is happening there. just down there with that yellow sign behind me, that is the bastille. at some point these police officers will stand their ground.

charles: okay. guys, the split screen, that is an arrest being made. not exactly where arcly is. obviously it is a very anxious, anxious point right there. i want to ask you, bring in tammy bruce here on this, what do you make of these? looks like it will get really ugly and violent there? >> i think that people, we know also from the elections, almost 1/3 of the individuals did not vote at all in kind of a he protest. this is a situation where there are going to be a surprise. they voted for him as, not for him but against le pen. you're looking at an election they feel they have escaped something but they will really not be happy with what they get. he has been represented as a centrist. he was part of the socialist party, effectively the architect of hollande's economic policies. hollande is the most hate the politician in french history. there is recognition they did not have the choices they wanted. they will be in a bind that the

nation is looking at. you have individuals who also interject themselves into what could be a peaceful protest, deliberately to make it violent, especially with the nature of terrorism there and interest in general chaos some on the left, because they're the most upset are the far left individuals who lost their candidates entirely. so you're looking at a lot of angry people. charles: this is how leftists react particularly more recently election outcomes. >> yeah. charles: i want to talk about hillary clinton now. she tweeted about the french election outcome, here it is. victory for macron, for france, the eu, the world, defeat for those interfereing with democracy but the media says i can't talk about that. fox news contributor tammy bruce. what the heck is she talking about? the media gives her a pass. did all the blocking and tackling they could to try to propel her to the white house. couldn't overcome her terrible campaign. is she crying about the media now?

>> well, she is making a lot of claims these days. she is effectively living, discussed openly in interviews in alternate universe what would have happened if she had been elected. normally when you live in alternative universe you need some medication. charles: or you medicated yourself. >> or you medicated yourself with some things. this is a problem. she is clearly moving into the stage of being bitter. there is no acceptance here for her. we're not sure. obviously everyone is at fault except her. at this point she is probably upset some of her narratives are not being moved as aggressive as she would like if at all. some people in the media, some journnanists and others are saying she needs to step back a little bit and deal with things -- charles: she has lost all rights to quote, unquote, have any narratives anymore. tammy "new york times" critical of president obama's speeches. disheartening a man whose historic candidacy was

examination of moral politics, joined almost every modern president cashing in. shows surprising tone deafness. howard kurtz joins us "mediabuzz" host. "new york times" not happy their man went for the money, huh? >> i'm picking myself up off the floor over "the new york times" criticizing barack obama. i guess the paper hates wall street more than it loves obama. but it seems to me, i don't agree with this, holding him to unrealistically high standard. look just about every ex-president, jimmy carter is one exception, cashed in with big money speeches. some people find that distasteful. barack obama's political career is over. these companies, industries are not buying any favor as with hillary clinton who everybody knew was going to run last year for any future actions. so he wants to make some money in a free market wants to reward him i'm okay with that. charles: i find it odd "the new york times" which had a pretty good earnings report last

week, thank perhaps to president trump would have any quibbles with anyone in the capitalistic society reaching for the gold. it is awkward position for them to magnify do the best they can for their shareholders, be upset at anyone for taking advantage of the system legally. >> right. you know, often times when these are, when big companies, corporations, trade associations, throw a lot of money at people in political life, they are trying, i mean, what gets dicey when they try to buy influence for some future action. it is pretty clear, this is an ex-president. he is not running for anything again. he may have a voice in national politics, sure. $400,000 come from, i don't know, environmental group would "the new york times" been okay with that? just that it is wall street putting up the money? so i'm not quite following why, obama, unlike almost everyone of his predecessors has to be holier than thou. charles: hypocrisy i see, taking

a money as individual who wants to capitalize on his fame, so be it. howard, new fbi report, that the media is partly to blame for the growing hostility toward law enforcement. what is your reaction there? >> i want to be very careful here. study looked at those who killed or shot police officers in recent years or period of time. the people who do that are crazy and need to take responsibility for their own actions. sometimes there is a tendency to have kind of a blame game, this politician's fault, media fault. at same time this was based on interviews with lots and lots of police departments. there is prevailing feeling in those departments anything from protest movements like "black lives matter," to all the media attention that cop pillars are, alleged cop killers get is contributing to this extraordinary assault on police officers. i can understand the anger and resentment there.

stud he did i says some officers are, sort of curbing themselves not wanting to be put in the position of shooting an assailant or somebody in a dangerous situation because they know what might happen afterwards. charles: looking at media, branching out further to include hollywood, i think there is anti-authority, whether it is our military and our police forces for a long time. on the local level there are some newscasts that i feel have been, they seem to indict the police first, and then they fan the flames of anger and animosity. perhaps it is good for ratings. i do see where there is a point to this. >> there was an incredible rush to judgment on the media's part in the ferguson case in the killing of michael brown. i think that we need to exercise a little more restraint just because a police officer shoot as civilian doesn't mean that that officer's life was not in danger. not just to conclusions. sometimes there are clear

instances of police brutality, often against minorities but in our instant cable news web culture, charles, it might be a good idea for all of us in these dangerous situations to wait for the facts. charles: right. of course to the point you made earlier, just tying hands of police, that is now known as the ferguson effect. howard, thank you very much. really appreciate it. >> great to see you. charles: texas governor greg abbott sign as new law for sanctuary cities. >> it was signed without advance notice. ask immigration for anybody they detain. local officials must comply to detain certain individuals, illegal immigrants. it criminalizes for basically local officials if they don't comply with the federal government they break this state law. then they face a year in jail and losing their post. it criminalizes city or county

officials if they don't comply with what this law says. charles: they tried to do it with money. travis county was the showdown. the sheriff ignoring the governor. they held back $1.5 million. that was not enough. threat of jail or this sort of thing is really intriguing. i think we'll see it play out. i think someone will step up, perhaps, trap voice county, this thing will play out. >> this is important. not only reminder to those breaking federal law there is a price to pay but one of the big issues over the last several years there are two different systems of law and order. there was no rule of law for those in charge of things that, it wasn't going to apply to you, whether lois lerner or local sheriff. so this really accomplishes both of those. the law matters, rule of law is there for a reason. it applies to everyone whether you have a badge or not. this is one of the big arguments when it comes we were discussing the nature of the actions of law enforcement individually when it comes to the work that they do.

we expect law and order and that is for the people who might commit crimes. and those who apply it. this affects two fronts very nicely. charles: guys, coming up, an australian billionaire pledging to invest $2 billion into u.s. manufacturing. the president gave him a standing ovation on the intrepid last week and he joins us incomes. federal investigators reportedly looking into allegations that senator bernie sanders wife jane committed bank fraud as president of burlington college. you're watching the second hour of "varney & company." ♪

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charles: anti-macron protests in paris. want to go back to ashley webster. how is it going, ashley? ashley: so far so good. we have reached the bastille, charles. we can see the banner behind me, it says we have begun five years of fights. at the bottom it says, we represent ourselves. so, that pretty much says it all. emanuel macron hasn't taken office. won't until next sunday. these are workers, trade unions, saying they are not interested in his policies. he wants to reform labor laws. just a few minutes ago we saw riot police coming under attack from people throwing rocks. other than that, we saw a, explosion about half an hour ago now, with some smoke going off. other than that, the police are

trying to remain, out of the way, but at some point they can't do this all day. so continue to follow it, charles. but the message is simple. we don't like macron. we don't like his policies. we're not going to put up with it. of course, labor laws, you know, charles, and joked are incredibly hard. it is very difficult to hire and fire people in france. they have a set number of hours per week they work. that is that. anyone who dares to try to change that is going to have a fight on their hands. much depends how many people in parliament, french assembly, mr. macron can get when they have their legislative elections next month. ere you have it. we're on it, charles. we're keeping an eye on it. but there you go people not happy with emanuel macron and his economic policies. back to you. charles: ashley, be safe out there. check this out. pratt industries pledges to invest $2 billion into u.s. manufacturing. take a listen to this.

>> tonight i would like to pledge an additional $2 billion over the next 10 years, doubling our rate of investment to create an additional 5,000, high-paying, manufacturing jobs in america. charles: look who joins us now. come on in, anthony pratt, pratt industries executive chairman. >> thank you. charles: you stole the spotlight last week. >> thank you very much. charles: $10 billion, i mean, $2 billion over 10 years to create 5000 jobs. what gives you that confidence to make that kind of pledge? we're honored to make the pledge before the president and first lady announcing because of his great leadership we'll invest $2 billion for 5000 high-paid manufacturing jobs,. in the midwest. job numbers came out show unemployment is decade long low, that is why we're doubling down on our investment.

charles: it shows in ply mind, goods-rousing jobs, manufacturing jobs, mining jobs, those jobs at heart of what propelled president trump into the white house in the first place, they're starting to come back. but they still need investment. they still need people like you to step up to the plate. is it the idea of lower taxes, lower regulation and cheer lead for business in the white house? >> absolutely. president trump is one of the huge reasons that we made the pledge. we employthousand people today in 68 factories across america. in some ways we make cardboard boxes. everything goes in a box. we're a bit of a barometer of the manufacturing company. we're seeing companies starting to come back from china to places like ohio. again the confidence in president trump, the he low energy costs in america, great productivity of americans is the highest in the world. charles: let me ask you about those corrugated boxes. i've seen up tick in some. names i watch as well. is this sustainable trend?

in the past, especially way back, it was like one of the top hidden economic indicators. obviously everything we buy comes in a box, particularly when it comes these days from amazon? >> absolutely. alan greenspan used to say, cardboard boxes is a leading indicator of manufacturing economy. and manufacturing in america is booming. i think there is a great sense of anticipation and confidence since president trump was elected. i do believe that it's, that momentum is going to continue. charles: i feel like you're right. obviously as long as businesses like you keep stepping up to the plate it will help as well. anthony pratt, thank you very much. >> thank you. charles: one hell of a pledge, and our views appreciate night thank you. charles: house minority leader nancy pelosi facing a challenger in her home state. he is a 71-year-old employment attorney who says nancy pelosi is not democratic enough. he will join us later this hour. stay tuned. thank you.

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charles: now this, the fbi widening a probe into bernie sanders's wife jane sanders conducting interviews over bank fraud involving the now-defunct burlington college. tammy, your thoughts on this? >> this has been swirling. we've known about this over a year. discussion certainly during the campaign. she led that college. the allegation is that she lied

effectively on an application for a loan that could be coming in. ultimately the college went bankrupt and she was let go. so that of course brings up an interest in what else did she say to the bank? there is also any kind of collusion between the bank and mrs. sanders and the fib? the word from "the daily caller" that has been expanded. there are interviews and papers and files taken regarding donors. donors has been talked with. she seems to be in hot water here. liz: burr link son college, jane sanders ran from 2004 to 2011. she decided to expand it. buy a bigger campus. blow out the walls of the campus, make it bigger and apply for bank loans, can count on $2.6 million in donor money coming in. she raise ad quarter of that. she was out offed in 2011. so basically so the fbi, tammy's point is hey, did you really pledge this money?

fbi finding they did not pledge the money. it w charles: very strictky situation. check on the big board. it has been down a while. guess what? of the same. spinning its wheels. it will not stay here long i don't think. house minority leader nancy pelosi facing a pro-bernie sanders challenger in california. he will be up against this. roll tape. >> we have to pass the bill so that you can find out what is in there. affordable. affordable. there is a reason affordable. affordable. affordable. affordable. affordable. that means in a community where people want to absolve themselves of guilt, they get a goat and they heap all of the ills on to the goat and then they run the goat out of town. [vo] when it comes to investing,

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♪ charles: we're talking about one-hit wonders. i'm not sure who the heck this is though. get a check on the big board dow off26 points. tech names are absolutely phenomenal. more green arrows on that it board than red. now take a look at this? nbc andree gnaw mitchell tells health and human services secretary tom price the republican health care bill is from a bunch of white men cutting health care for women. listen to this. >> they were mostly all men and white men at that. no diversity there. women's health issues are

arguably going to be disproportionately affected? >> andrea. look at that picture, congresswoman diane black, chair of budget committee. the the administrator of cms. i was standing right next to her. >> out of a group of dozens and dozens of people you can cite two or three, two or three women? >> these are prominent individuals who are leading, who are leading in this area of health care. charles: joining news, new york republican congresswoman claudia tenney. yes, she was there in the rose garden. but we do know that this is going to be a point of attack from the left, that this, that this replacement for obamacare is anti-women. i heard it a lot over the weekend. and you know, the backdrop of photo shoots and things like that, just add fuel to the left's fire. what are your thoughts on that? >> well they didn't mention i was standing in the front row right there, prominently with mimi walters from california. martha robe by we were in the

front doing self if is. we were there and we all supported the health care act. as a woman, i certainly support women's health but i also, as a, aging woman, i have different needs. i think that, what this health care bill does is allow flexibility, so as women we can choose health care plans that we want. i no longer need to buy prostate cancer care and many other things i was forced to buy under obamacare. so as a women i have flexibility to taylor health care to my own needs. and, i think that is going to help drive the cost down which is the whole point of what the american health care act is, bring the cost of health care down, especially individual market which is where the market is. charles: when it comes down you can actually use it. >> absolutely. charles: that is the whole idea. you won't be healthy if you can't use your insurance because the deductibles are too high. >> absolutely. in the area where i live, we have a number of middle class families in the individual market who have seen enormous, families, i have a friend with three young daughters.

he has $12,000 deductible. he can't afford to go to the doctor. he has health care, darn it but -- charles: are you think the republicans are losing early on this pr battle? the comment that andrea mitchell made, bill maher made, a whole lot of people there were no blacks, hispanics, no women. they're coming after health chair, coming after poor people. do you think the gop needs to get tougher with respect to the message here? >> i think republicans could be messaging alot more aggressively. it is race, gender, class. we dissolved into this divisive rhetoric coming from the democrats. what about unity? what about standing together? isn't that what this country is about? we talk about individual rights and freedoms. those are things that unite us as americans, not talking about all the divisiveness. i think in the end it will hurt democrats, seeing more and more millenials getting tired of same old arguments and same tired stories.

think even in my area, trump won my area by almost 60% of the vote, up state blue new york. charles: i want do ask you about this, congresswoman. president trump's economic visor gary cohn appeared on this program friday and he is says, right now being advised by many different groups within the republican platform, i want you to take a listen what he had to say. i want to ask you bit. >> we're just starting down the path of taxes. unlike health care, we are out talking to all the groups that are going to be interested in our tax plan. we met with the freedom caucus. we're continuously going out to meet with industry groups. by the time we get bills drafted, we will deal with the issues. make it substantially easy to get through congress. charles: obviously a reference to first attempt to repeal obamacare, something of a fail lure there, looks like communications failure.

the freedom caucus was not taken into account. took it back to the drawing board. vice president pence played a role obviously swaying members. is that how you would like to see the tax reform bill done, where you guys know when it is unveiled to the public you have the votes to get it through? >> let me disagree as a freshman member of congress i must have attended 30, 40, different events put on by either the white house or by the house and many other interest groups to talk about the health care bill. if anyone wanted to avail themselves, content of the health care bill they could have done that i think to go back later and say it was lack of communication, i, mike pence, the president, we -- charles: they did call for a vote and that vote was scrubbed. >> i won't get into, there were reasons why certain people were against it. we fought as a new york delegation to get our portion in and white house worked with us to make sure we would take the local share of medicaid and give

that back to the states. charles: on the taxes. >> i think that the tax issue is going to be just as challenging on many levels. i come from very high-taxed state, new york. eliminating state and local taxes as deduction will be issue for more wealthy filers and people that itemize, that is actually the minority of the taxpayers. i'm looking forward to having a really good discussion on taxes. it is something that is actually just as important to me especially as small business owner. i would love to see our tax rates come down. pass-through tax rates. there are great things coming forward. it will be a long debate just like it was here. by the way, that's a good thing, that we're debating, transparent. that is what government is b everyone thinks it is supposed to be in the back-room deal. i was in the new york assembly, seen enough of three men in a back room. charles: congresswoman, thank you very much. really appreciate it. >> thanks. charles: check this out, nancy pelosi house minority leader feeling the bern facing a

primary challenge from a pro-bernie democrat. he joins us now. s her primary challenger, stephen jaffee. you're getting a lot of buzz. nancy pelosi is supposed to go even after her. she is untouchable. for some reason she has been propelled to this democratic icon. here you are stepping on toes. >> well, thank you. i don't think she is quite as untouchable as she might believe. i do believe that in the post-trump universe that she is vulnerable. charles: so, bernie sanders, the bernie sanders wing of the democratic party felt pretty upset the way things went in the primary season but they also felt a little bit betrayed by bernie who kind of jumped on board. he didn't give a full-throated endorsement of hillary. but he also didn't bash her as well. is this moment for a real change

within the democratic party, seeing how popular bernie sanders was? >> i think bernie sanders remains more popular than ever, and to answer your question, absolutely yes. since president trump was elected there has been a tremendous wave of activism among, what i perceive to be the grassroots of democrats. they don't like the, what i will call the democratic corporate establishment. people, the pelosi, wasserman schultz, hillary clinton, faction of the party which just remains firmly entrenched and unwilling to even admit any fault what happened in the election. think that's wrong. i think it's time for people of san francisco -- charles: mr. jaffee, i want to ask you, are you trying to move the party further left? >> i'm trying to be the representative of the people of

san francisco, who represent the views of people of san francisco. i think miss pelosi is completely disconnected with the views and wishes of her own constituents here in san francisco. in this case i really dislike labels left and right. if you want to ask me about a particular issue, the one that comes to mind is health care. i am like bernie, i strong advocate of single-payer health care. and if that is to the left, then it is to the left. that is certainly is a central issue of my campaign. charles: sir, thank you very for joining us. again we're going to be watching, just if pelosi is vulnerable. feels like perhaps she could be. we appreciate your time. >> i appreciate the opportunity. thank you very much. charles: now to this, billionaire investor warren buffett says he is preparing for his company, his company now for a lower tax rate. well look who joins us now. liz claman, "countdown to the

closing bell" host right there. you were earlier with warren buffett. what is he saying? >> he is saying he would be a beneficiary, when i say he, his company, with 60 plus subsidiaries, huge companies underneath the berkshire hathaway umbrella, would be benefit lower corporate tax rate. in the past they have taken benefits by doing taxes losses for example. they got good writeoffs. if president trump lowers the tax rate to 15% it, would benefit subsidiaries and shareholders and would have lower tax on investment gains. you know he has huge, billions and billions dollars worth of invests in stocks such as american express, coca-cola, wells fargo. the list goes on. and so, i really do believe that he, he likes the idea certainly for his shareholders. from a personal standpoint. you know where he stands. he feels the wealthy should pay

more in taxes for his shareholders looking more like this. charles: did he talk about the pulse of the heartland, he has furniture store, jewelry store, my mind representative of the core con city went ho propelled donald trump into the first place, you must see something happening first-hand? >> he does. he really does. he said, he was shocked. one year ago this weekend he told fox business hillary will win and she will win by a wide margin. he said, it is the darnedest thing, he like a lot of people missed it. he absolutely admits to that. he looks at things through a different lens. he tries to look at what is great for his company and his shareholders. he has his own personal side. he talks to the heartland. remember, 38,000 people come from all over the world. charles: sure. >> we ran into a guy in australia, hold up boxer shorts from from the of the loom, that

had his and charlie monger's image among them. it is hilarious. he knows how people feel. he truly believes it's a good economy right now. it is getting even better. and we'll wait and see. 3:00 p.m. eastern, charles, we've got him right here. we'll ask him those very questions along with bill gates, his board member, -- charlie monger his vice-chair, 3:00 p.m. on fox business. charles: what will he do with $90 billion to i can get -- >> 96 billion. charles: 96 billion. empty obama's chief architect, saying president trump is blamed for the law's demise. that is pretty unbelievable. we have the story for you. speaking of health care, senator bill cassidy teaming up with u.s. senator susan collins to write their own health care plan. they say it achieves the president's goal he set up during the campaign. he joins us in the next hour.

♪ liz: want to listen to this. bill simon, former walmart u.s. president and ceo, he talked to charles on repatriation and the border tax. roll tape. >> there is so much money offshore because of the tax code and the law, puzzle pieces if you will, that the businesses have to figure out today that the ceo's have to figure out to deliver profit, lead to offshore

activity, it lead to the money staying you know, offshore being invested overseas. in order for us to have what we want, growth rates we need for this country, we have to get the money back and have a territorial system, either border adjustment or value-added tax something to equalize the incentives, to recut the puzzle pieces. ♪ ♪ ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪ wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getaways, member always save more at holidayinn.com so how old do you want uhh, i was thinking around 70. alright, and before that?

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charles: check this out, jonathan gruber. remember he was the one caught calling voters stupid and one the chief architects of obamacare. blaming president trump for obama care's failures. just listen to this. >> look, whose fault is this? before president trump was elected there were no counties in america that did not have an insurer. since president trump's been elected -- >> wait, you're going to the blame the problems with obamacare on president trump? charles: chris stirewalt joins us now, fox news political editor. i know he thought we were dumb but i guess he thought he had to test the limits of it? >> it is convenient timing that. is interesting choice to say there were none before this day. now there are going to be these. we know when the hammer is going to fall on this stuff because it is not this year. it is for next year. all of the things that were built into the law, all of the misplaced parts of this law,

parts that some of which even the president held back himself, are what led to us this moment. now, sure it is true the fact that insurers no republicans are not interested in keeping this law afloat, and they would rather replace it with something else. so i'm sure that is part of why some are backing out, talk about preexisting conditions, these are preexisting conditions. charles: chris, i goes the overarching theme is though he, somehow make this belong to the republican party. bottom line is sort of, reminds me of colin powell, that it's yours, you broke it, got to fix it. >> pottery barn. charles: this is the gop's baby whether they want it or not. >> there are, some say should not passed any bill, should let it die, doesn't matter anyway. we have good polling. people understand that the republicans are in control of both houses of congress and the white house. it is up to them to deal with issues relate to federal

government, after obamacare, health insurance is an issue for the federal government. the republicans will have to deal with it one way or the other. charles: is the bottom line also though, that health care, no matter how anyone may feel about it, you know, just referenced polling, do americans believe it's a right, that federal government has to figure out a way to get it to us? >> the republicans seem to agree with that precept. as they tarted continue through the work dealing with these cut as are changes to obamacare, they consider it a leading precept, important concept nobody loses coverage, that coverage is the responsibility of the federal government. that is where we are. both parties agree on the core function here, which it is the federal government's job. that is not something the case even two or three years ago. charles: a lot of knee-jerk reactions last week, growing into the weekend about how many seats the gop may lose.

we know 14, i think 14 of the republicans who voted for new repeal are in districts that hillary clinton won. any updates on that? >> "cook political report," sort of the bible on this stuff moved 20 seats to, away from republicans, in varying places. so the problem for the gop. they can afford to lose only 22 seats, keep therapy house majority. even if you get down to as we saw with this vote, even if their majority is reduced to five or six seats, it bemes basically a non-functioning majority. you can't do anything because you can't get anybody on board. charles: chris stirewalt, thank you, very, very much. more "varney" after this.

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unraveling for a long time. the judiciary has been owned by the shah stress-maduro regime. the military is uncertain. the opposition has had great difficulty uniting against chavez and maduro. so i'm very afraid there is, it is hard to see how an orderly, peaceful, transition of power would take place. but i have to say, even if the opposition would get power, not at all clear they see a path toward governing. the chavez-maduro junta have under invested in venezuela's petrol jump industry. things are in bad shape across the board. >> as to your point they were hiking dramatically pay for police and the army. for the last several years, perhaps anticipating at some point it could come to them, them versus us. what about the idea, is there anything that america can do? is there any way we can intervene? this is our neighbor.

it is a frightening situation. we used to be a big part of venezuela's economy? >> it is hard to see how we could get involved that wouldn't become public that maduro would use against the opposition. as an example, some years back, they purchased hundreds of thousands of m-16 from russia, far more than the army could use. all reports they were distributed to peasantry in venezuela which chavez and maduro buying off with bread and circuses for a long time. so i think the best we can probably do quietly saying to the opposition, look, we're with you, whatever we can do once you take power to help stablize the situation, to prevent an attempted coup by the displaced army or police when that happens, i think that is probably the best we can do at this point. 5. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage.

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charles: well, here we go.

11:00 a.m. in new york. 8:00 a.m. in california. i'm charles payne in for stuart varney. the gop health care bill moving to the senate, it's back to the drawing board. this hour we have a senator, well, he says he wants to build a path to so-call kimmel test and sarah clayburn, the woman was killed in san bernardino attack in 2015, victim's families are suing the social media companies on your screen saying they allowed terror groups allow to spread propaganda. sarah's father will be with us as well. exclusive. new social network where people can perform music together. 54million up round led by company. jack-packed hour, the third hour of varney & company starts right now.

>> i think we knew that macron was going to win. i don't think the french were ready for brexit in the way that we were last year in our country . charles: you heard frit the man himself nigel farage. we are all over that. first, your money. let's check on the big board. dow jones industrial average down 10 points right now. we have been down as much as 35, every time it peeks into the green it pulls back. the euro is sitting a 6-month high after macron's win in france. nasdaq hits high after high.

it has been nothing short of a jugger nod, driven by the big tech names that we watch including apple at an all-time high. it was supposed to come down. president trump's chief economic adviser gary cohn told me that could pay down deficits. >> we have to drive growth in our at economy. 2% stagnant growth rate, we cannot create enough revenue to pay down deficit. we get our tax plan and regulatory reformwe money coming in because we are going to grow our economy and we are going to pay down in our deficit. charles: here with me former president reagan budget director and author of the book trump. charles: you know, that's how you start to pay the massive debts, what's wrong with that. >> if the dogs could whistle the world would be a chorus, okay.

same-old story. it didn't work in the 1980's, it's not going to work now. not because tax cuts are bad it's because the cbo baseline is -- is rosy scenario. in other words -- charles: even static baseline? >> yes. if you look at the baseline it's 10 trillion of new debt over the next ten years before the tax cuts. what they propose in their 1-pager last week was 7 and a half trillion between the 15% and corporate 15% on pass-through, few we're brackets and so forth and i don't think they're going to get any reflow on that beyond what's already in the cbo baseline, if you take the debt to 17 and a half trillion of new borrowing in the next decade, what are you thinking? charles: you say it didn't work in 1980's.

everyone takes it as fact that it worked on 1980's, you should be the guy taking a victory lap. >> i should be taking a victory lap but it didn't work because we cut taxes way too much, 6 percentage gdp, that would be 1.3 trillion, we couldn't cut domestic spending. we had the huge reagan defense build-up that turn out wasn't necessary and the bottom line is this, we had average growth in 1980's, 112 -- 12 years of reagan-bush. charles: there were amazing gdp years, david. why are you down playing when it was a great period, a great period for america's economy? >> no it wasn't. there was a massive deficit stimulus.

stimulus that lasted from '84 to '87. before that, it was average. here is the point. reagan started with 930 billion of national debt, he ended up with 2.7 trillion in other words, he tripled the national debt -- charles: i know he always regretted that part of it. >> charles, it's not a regret. that's how you got the temporary years of growth but they weren't sustainable. charles: growth lasted over ten years. >> it didn't. charles: you're not using gdp then? >> yes, i cited the figures, 3.2%. the very -- charles: let's take after all of the things went through. amazing run under ronald reagan. you don't want to credit, it's fine.

let me ask you about this. everyone is struggle with the health care, cohn told me the tax thing is going to be different. >> we are just starting down the path of taxes and unlike health care, we are out talking to all of the groups that are going to be interested in talk plan. we meet with freedom caucus, we are going to meet with industry groups, by the time we get a bill drafted we will know everybody's issues and easier to get that through congress. charles: are you buying that? >> i think he ought to be back to goldman sachs and trade commodities or whatever he does, that he knows about. he's clueless legislative politics. to get a tax cut, the magnitude that they're talking about, they need a budget resolution that incorporates another 10 or 12 trillion of national debt. the freedom caucus isn't going

to vote for it. the democrats aren't going to help. we are going to get stuck by summer in the debt sealing crisis because we are out of borrowing authority, we will be out of cash and they're not even going to get to tax reduction till sometime next year. charles: it's great to be ambitious, i think a little bites here and there. you'll be with us for the hour, hang in there, david. i want to go to the election in france. emmanuel macron defeating far-right candidate marine le -- la pen. france wasn't really ready for frexit. nigal joins us now, just not there? >> yeah, in the first round 46 and a half percent of people voted for euro candidates.

for marine la pen's perspective. this was double the best showing. the message from people that want from time to -- freedom, marine la pen needs to leave behind all of the baggage that's putting voters off. charles: he did step down temporarily. her and her father had many run-ins and brought up during the debates where a lot of people believe what's the most effective macron had when they brought up the past. i agree with you there. how difficult would that be. i'm understanding that macron won't have a way of getting agenda through because he doesn't have a party behind him. this is something they to bled together. >> that's right. macron is basically an invention

because the socialist party had collapsed, they came up with the concept that he would be independent and form a new party, so firstly he has no -- those elections come in a month's time and could be difficult but secondly, come on, look at the music, he walks up to the anthem for the european union. he was on the phone to mrs. merkel and flying off to meet her as quickly as he can and the truth of it, the truth of it is the french who voted for a president but wants that country run from brussels and from berlin. you know what, against that what gets in the french parliament is quite small there. charles: oh, to joy is a nice song. i have a second. i have to ask you your thoughts in ue general elections. >> unbelievable. prime minister who is using the exact same words and phrases that i was using in opposition

for 20 years, now the establishment have started singing my song. she's going to win a massive historic majority and the good news with that that the brexit after june the eighth, will never be reversed. charles: nigel, you have made history. we appreciate you coming on the show this morning. >> thank you. charles: new york times criticizing president obama for cashing in on speaking engagements. a senator taking on preexisting conditions, he says the bill should pass the jim' kimmel test. stay with us thanks for doing this, dad.

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>> the bill that we put forward, the cassidy-collins achieve president trump's goals that he said in the campaign and those goals were to make sure people had coverage, care for those with preexisting conditions without mandates and a lower premiums. now, if the house bill doesn't accomplish that, we don't have a score yet. i will continue to push the patient freedom act, the cassidy f collins plan because it does achieve the president's goals. charles: that was republican bill cassidy of louisiana, he's proposing his own health care bill, a bill and joins us now. senator, thanks for being here. exactly how does the cassidy-collins bill differ from the house bill now? >> set up to tax reform. our tax -- our bill is more set up to achieve president trump's

goals and one to lower premiums, that's a huge thing for middle america and at the same time achieve what i call a jimmy kimmel test which is if somebody has a preexisting conditions which should have coverage would allow her to get care she needs. lower premiums, but jimmy kimmel test, can you provide access to the cure that's needed. we can do that, obviously it takes money, the house bill uses that money for tax reform, cassidy-colins uses that for that particular patient. charles: the notion this has shifted back to the states where states can handle it individually as they see forth and perhaps the federal government kicking in some financial assistance but no longer being this sort of obligation at the federal government. are you concerned about that in the states maybe not living up to preexisting conditions? >> the state may or may not. when you're taking $60 billion

out of ten years and using it elsewhere obviously there's less money to play with. i'm a physician by the way, i always think about the emergency room open at 1:00 o'clock in the morning. patients streaming in. the patients are going to get taken care of. when congress passed the emergency medical treatment labor act way back when, people can go to the er and get anything they wanted. the question is who pays for it? do we want small businesses to pay for it or does the federal government say listen, we obligated to take this on or we will help to take it on and just being straight with the american people, i don't think we should stick it to small business. that's what we used to do. that's bad. we need to live up to the kind of obligation congress took on. charles: senator, thank you very much, really appreciate it. what's your take on what the senator just had to say, it underscores how dicey the issue is. >> it underscores who is going to pay for it. it's the taxpayers, a

revenue-neutral obamacare light. we look at medicaid alone, it'll cost 8 trillion over the next decade. it's out of control. federal and state and what's coming out of the senate is a plan to shuffle the money around and leave this whole ballooning cost out of control. the idea that somehow spending all of this money is going to make premiums come down, i think, is laughable. charles: republicans who went in for -- the republican governors, ohio, indiana, some of the other places, they are between rock and a hard place, aren't they? >> yeah, they would like uncle sam to pay for it. they would like to shuffle the bill to someone else as kasich did saying howerful he is because he's taken care of the people, who is paying for it? we are going broke in this country. it'll be 30 trillion in a decade based on what's there.

none of the guys are talk about how we reel this in and health care reform is becoming a partisan -- charles: hold right there, david. i want to bring this up as well. a new york times editorial board calling out president obama for 400,000-dollar, moral examination of politics and joins almost every moderate president in cashing in. it shows surprising tone deaf ness. what do you say about that? >> absolutely. on the other hand, that's why this election happened the way it did, people know this is the misrig, they know that washington is one big special interest party that never ends and it doesn't matter who is in office, they thought trump would be different, frankly, i think he's not draining the swamp, he's drowning in the swamp already. charles: where specifically is he drowning in the swamp?

these are complicated things, you can completely replace and repeal and perhaps the compromise we saw coming out of the house last week is the best we can do but it's a major step toward training the swamp. you don't agree? >> no, i don't. they're not going to be able to hold it where it is when it comes back from the senate every step of progress that they made in the house will be gone. that's why the senate is starting with a new bill. liz: republicans are saying they are going to start completely from scratch. charles: later this hour exclusively on varney & company a new social media app announcing 54 million round of funding putting them now in unicorn territory. venezuela seeing more violent protests this weekend, president trump saying it's time for antigovernment protests to come to an end. [vo] when it comes to investing,

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charles: venezuela seeing more violent protests this weekend, now the trump administration calling for a peaceful transition. >> what's happening is the national security adviser h.r. mcmaster met with the opposition leader julio borjas trying to uphold the constitution as socialist maduro is doing a power gap with the assembly, congress. he wants to pack it with his own backers and supporters and this is now escalated even higher. we are seeing, you know, the push for free elections is on from the trump administration. sarah huckabee sanders says what's going on is depotential. nikki haley said this is a fundamental disregard for human rights and the press out here, here rat ner the united states misreporting it. they're still saying because of oil prices and the like. if that were true, ecuador,

north korea and canada, this is a power grab at the seizure of agriculture, the oil industry, banking, automotive, the socialist government took businesses wholesale and outright. >> absolutely. the big nationalized oil company has been treated as a milk cow for decades and finally the cow is dying, they haven't reinvested and the industry is in great trouble, the gdp is collapsing and we ought to take a listen here but we also ought to have the lesson that we can't do anything about it. >> venezuela say bernie sanders, democrat socialism, that thing doesn't exist. that's academic tower fantasy and it's socialism. you in the u.s. you have to watch what's happening in our

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charles: gary cohn on the show on friday and told me it would increase revenue. >> 15% is the number that we've got to get to. the way the tax code is written today we have a lot of companies that don't even pay the 15%. 35% corporate tax rate, they're using all the deductions and all the tools that they've created and the tax code to get marginal rate to zero. if we can get those businesses back up to 15%, there's a lot of revenue in this tax plan. charles: joining me you alan, the american enterprise institute resident scholar. alan, what's your take on this plan?

>> well, i like the idea to getting corporate tax rate to 15% because that will draw investment to the united states and will cause companies to book profits here instead of abroad and will take away most of the incentive for companies to invert and get to foreign charters, nevertheless getting to 15% is going to be a large revenue loss and i think it would be a mistake to do that unless we have a plan in place to replace that revenue or to offset spending cuts. charles charles there aren't going to be spending cuts. i think that's been made pretty loud and clear, nothing specifically. maybe they'll find a way to chop bureaucratic agencies but we are talking about social security, medicare, those -- right. on top of that, alan, we will have new things. i think president trump has promised to help working mothers, working participants. i think people are a little worry that had will become some form of a new entitlement as well.

but is there a sweet spot, can we go to 22%, 23% because i still think that makes america competitive without answer to interrogratory get desperate with something like a border tax? >> would be a significant immaterial movement in the -- improvement in the tax system. nevertheless, you would still have a revenue loss there and still need to try to offset that in some manner. charles: how do you offset it? >> well, i think there's two ways, there's two way that is are promising and there's others i'm sure that other people can come up with, one is to increase tax in dividends received by shareholders at the same time you cut corporate income tax. eric and i have a plan to do that, we tax dividends and capital gains and tax the capital gains each year as they accrue, as the stock goes up in value.

obviously that's controversial but does get you to revenue neutrality and distortions on the income tax. the other option which is more far-reaching is to bring in value-added tax. naturally that raises a whole host of issues. charles: yeah. alan, thank you. they sound great but obviously you will never run for political office. [laughter] charles: thanks, alan. >> you may be right about that. charles: what do you make of that, david? >> it'll cost $4 trillion over ten years to lower the rate to 15% because you to do it for pass-through, unincorporated business plus corporations, i'm for that, we ought to get rid of corporate tax, it's a stupid obsolete uncollectible, you know, burden on commerce. charles: how do you make up for that revenue? >> we have to pay for it. this is where the white house is ducking.

we have to pay for with either a bad which isn't an all bad or a bad. the problem is we tax labor and income and we should be taxing consumption and until they -- charles: everywhere there's been a bad tax the monster that grows and grows from its original rate to the point where you become europe and you get no growth, you get permanent high unemployment and you all live happily ever after. >> i don't buy that entirely. but the worst ones in that in europe is the payroll tax here, 15% on employer, employees, we have the highest cost labor in the world. it's a job-killer, it's a take-home pay killer and costs 1.1 trillion a year. charles: i'll come back to that. big tech guys at the center of new lawsuit brought by san bernardino, google, facebook,

all at fault for knowingly providing accounts. gregory clayburn lost his daughter sierra. first of all, where's your evidence that the social media groups aided and abetted in this attack? >> good morning, my firm 1-80-lawfirm we have been on this for a long time. isis rely on social media in order to recruit and in order to conduct terrorist operations. it is not really in dispute that this is what takes place. these companies allow isis and others to use sites with reckless abandon because they now have accountability responsibility for what the groups do. charles: gregory, i want to, ask, of course, we all mourn the loss of your daughter sierra, what are you hoping to get out of this? >> well, what we are hoping to

get out of it is no more funerals, first of all. we don't want to see another family go through what my family and i have gone through with the loss of our daughter and at the same time we want to give justice for those who have lost their lives and anybody that's participating in the support, monitorrization of terrorist organizations, we want to put a stop to it. charles: do you feel that these organizations knew or had some sort of thought that this kind of things were going on in their platforms and maybe they should have taken swifter action, if possible people are saying literally billions of messages are passed back and forth in thano -- nano seconds and maybe something they can never get a hold of. >> well, i believe that they not only knew about it but they support it. let's take a look at what's going on over the last say about

four, five years. you know, even when the terrorists were chopping off american heads. the world got a kick out of it. with that, they actually started to i guess you could say help to promote the concept of people wanting to join isis to become part of it because a lot of people feel disenfranchise and feel disconnected and so a lot of the people are, you know, they're basically looking for something to do and isis is a way for them to get out there and get their name out there. so they'll, you know, participate in anything that makes them seem like they are stronger. charles: all right, greg, thank you very much. we mourn your daughter, sierra. we are reaching out to facebook, twitter and google for statements. right now the judge joins us,

andrew napolitano. it's a tough one, he feels that they actually supported, encouraged this kind of activity. >> you know, this is a case that the court will probably say it's not justable. the court can't really resolve this. how can the court determine that the mind of a dead murderer was motivated by tweets and facebook postings that he read, what actually pulled the trigger in his own brain to go ahead and do this and if the court -- if the court possibly could get its hands on that and come to that conclusion, how are you going to remedy this. you are going to have somebody monitor free speech for fear that some crazy person might listen to the speech and act upon it. that'll bring us -- charles: 3,000 monitors for their video. >> facebook can do all internal monitoring that it wants and customers think it's too much censorship they will go somewhere else and capitalavailr

platform. when you invoke the court, you're invoking the government to sensor or punish speech and the first amendment was written to prevent that. charles: i always heard you talk about the first amendment not applying to speech that incites. >> here is the law, all innocuous speech is protected and all speech is innocuous when there's time for more speech to challenge or rebutted. if i say to a mob, there's charles, let's get him, i'm responsible for inciting them but if i say to the mob, let's get him and he says let's get him, there's time for my speech to be newt -- neutralized by someone else. that's the law and that's what they have been following. [laughter] >> you cannot make this up. obama co-architect blaming

president trump for obama's failures, wait till you hear what he had to say

nicole: i'm nicole petallides, another day of record for s&p 500 and the das knack, s&p 500 down. right now the dow is down 10 and the nasdaq dropping 11. some of the movers, apple, all-time high. 401(k), perhaps. exxon jumping, cash flow continuing to move to the upside quadrupling in the last quarter. that's a winner.

watching tyson foods under fire, controversial poultry weighing on that company. kellogg, that's jumping on a report that they could be a takeover target on bloomberg, heavy volume. fox business liz claman in omaha with warren buffet. we have the lowest price? nope, badda book. badda boom. have you ever stayed with choice hotels? like at a comfort inn? yep. free waffles, can't go wrong. i like it. promote that guy. get the lowest price on our rooms, guaranteed. when you book direct at choicehotels.com. book now.

charles: ashley. ashley: hey, charles. we can see the sign behind me that basically says macron is the breaker of the social system. that was put here during the protests which is now by the way finished. if you look down here, the police rolling in vans all ready to go and getting the heck out of here. french efficiency, i should say now that the protestors are finished, they get street sweepers and the traffic is back in and it's like it never happened. there you go. i guess they have the protests and the protests clean-up down to a science, but the people have said because they believe that emmanuel macron is not for the worker, he doesn't care about the worker, elitist, former investment banker and also because he's publicizing and says he wants to reform those very strict french labor laws, he wants to cut 120,000 government jobs, he wants to cut government spending by

$65 billion, he almost sounds like a conservative republican from the united states. we know he isn't but those are some of the proposals. as the police pulls out, i have a feeling we will see more protests in the coming days and weeks, the big job for macron, he has to form a coalition government that will give him enough power to put policy idea through french legislature. he doesn't become president until next sunday but already the first protest is in the books. charles: all right, ashley, thank you very much. appreciate it. obamacare co-architect jonathan gruber is playing the blame game seemingly blaming president. >> before president trump was elected there were no counties in america that did not have an insurer, since president trump has been elected and massive --

chris: wait, you will blame the problems with obamacare on president trump? charles: let's go to republican strategists. this dude makes no sense to me at all. >> i have a bunch of a little kids at home and he sounds like one of them. i didn't do that, daddy. here is the thing. mr. gruber was after obamacare passed he gave interesting interviews where he basically said that the mass -- math of obamacare wouldn't work. guess what, it's not working. that should really be only standard that matters. charles: we do know -- i guess what they're trying to establish here that now republicans have ownership of this and it's imploding, a race to try to stimit or turn it around, no matter what the best case scenario is, maybe the next one or two years it's going to be difficult anyway and i guess the

idea is pinning on the republicans. >> a political tactic to pin it on republicans. i don't believe it. obamacare is in the history books forever. obama came into office and destroyed our private health care insurance markets and now donald trump has got no other choice but to do everything he can to prop the markets back up. i actually think the american people understand it's obama who broke health care because if obamacare had worked, i actually think hillary clinton might be our president. they had exactly the opposite feeling. charles: yeah. let's not forget those soaring premiums right on the eve of the election. that certainly changed a few votes to your point. matt, thank you very much, really appreciate it. >> thanks, charles. charles: individual stocks that we are looking at. tyson food after fire at two plants and chicken production. comcast and charter and sinclair

and coach buying kate spade. both stocks higher. new tech to watch. the first social network where people can perform music together. the company rounded up $54 million in fundraising led by the chinese tech giant, the ceo jeff smith is next.

charles: check on apple, look at that move. almost 2% hitting above 150 for the first time. in fact, 152 moments ago. huge move. hey, we've got some new tech to watch. the first social network where people can perform music together just rounded $54 million in fundraising led by the chinese tech giant, ceo jeff smith joins me now. congratulations, first of all, 54 million at 5%, you are now officially in unicorn territory, how does it feel? >> thank you, we are excited to

work with our partner ten cent to expand our business in asia. charles: tell us about our business? >> well, smule applications allow people to eate music together using their mobile phones, our community of 50 million users will sing, play or rap over 20 million songs each day using smule. charles: how do you make money from that? >> we primarily make money through subscription, 1.3 million paid subscribers average $6 a month to use our service and we have advertising as well. the business did about 101 million in sales last year. charles: wow, that's impressive. but you're not making money now, you're not profitable yet are you? >> well, we just raised some more. [laughter] >> charles: a lot of profitable raise moneys because they can. >> yeah, we expect we will break even in the next 12 months but we are investing in a few areas

including building our data centers across the world, our community singing, playing 20 million songs a day, they are storing recording in the cloud and we are helping them in the data center. charles: sure. >> r&d marketing is front loaded because of subscription business and customers will pay us but we are making progress. charles: the music created on the platform, who owns it? >> our users do and to the extent that it was a singer-song writer, they own it and we pay them a loyalty. it's important that all of us understand and appreciate the importance of content and copyright as we scale the businesses and smule we have contracts with publishers across the world who represent most of the singer-song writers that are creating most of the music that allows our community to come in and play it. charles: we are seeing controversy, professionals,

pandora, song can get paid a million times and lucky to get equivalent of a subway token. [laughter] >> well, we are hoping to do better than a subway token but i think it's important for us to really respect and reflect the singer-song writer and even beyond that, we have become an interesting platform to not only monitor context. they are singing songs along several members to have community. we launched ed sheeran, charlie puth, sean mendes, jonas. it's a unique opportunity to expand reach and engage with their fans. unlike other social media on

smule you can create music with artists. charles: it sounds like you're growing and you have something that sounds like it's a lot of fun. thanks, jeff for coming on the show. >> thank you p. charles: hey, more varney afters

. .

charles: david stockman told us what won't work. now he gives us answers. first, health care. >> give people health dollars back, people with employer plans. even medicare, give them, the 10, 12, $15,000 the plan is worth. let them shop. let them compare and choose. charles: taxes? >> tax what is we should do get rid of payroll tax entirely. replace it with a vat. that would be business thing for jobs and take-home pay for the middle class.

that is the killer tax today, 160 million people are paying it. that is the one we need to reduce. charles: david stockman, ladies and gentlemen. now the man himself who has really all the answers is neil cavuto. neil: the guests the way you alienate them. holy cow. more mother teresa passed away. can you imagine. well, charles, what i meant to say. thank you, buddy. thank you very much. holy toledo. meantime we're keeping track of a fast moving development. remember the briefest time the president's national security advisor, the trump folks were originally saying president obama is one who given him all the security clearance and the rest. now administration officials from the obama days, we gave you head's up on this guy. all of this, very key white house testimony is coming up from past and present players. and this situation gets deeper and deeper a