>> have a great day, everybody. here is "varney & company" and stuart. stuart: thanks, maria, thanks very much. the blunt-speaking president does it again. his supporters like it. his opponents jump on it. the market may be getting a little anxious. good morning, everyone. 9:20 eastern last night, another presidential tweet doubling down on mr. trump's terror commentary. that's right we need a travel ban, all caps there, for dangerous countries not so politically correct term, that's plain speaking indeed. that tweet undermines his own justice department lawyers as they argue his case. and the new york times says,

he's frustrated with attorney general jeff sessions, that's division. it is distraction and it is unnecessary. the president will try to refocus. he meets republican congressional leaders this afternoon. this morning he tweeted this. big meeting this afternoon with republican leadership concerning tax cuts and health 're all pushing hard. we must get it right. stuart: this is a high stakes meeting. tax cuts, growing the economy, the core of the presidency. he desperately needs a win on this, however, the republican party is divided and the legislative schedule is jam-packed. democrat opposition relentless and presidential tweets are often self-inflicted wounds. this is a crucial week for president trump. can he lead on taxes? it's a crucial week for the republican party. can they unite? and it's crucial for investors. can d.c. get anything done? "varney & company" is about to begin.

♪ all right. i said a little skepticism is coming into the market. we'll open lower this morning. skepticism about health care and tax reform actually getting done this year. i think there's a little anxiety on the markets this tuesday morning. apple is in the news big time. it debuted its siri speaker to rival amazon's alexa and google home. it costs $350. and it's putting amazon's video content on apple tv. they've not done that before. the question, where is apple's innovation, is it now a follower rather than a leader? the stock is down a fraction. amazon, big story here, on the attack again, taking direct aim at wal-mart, offering a cheaper prime membership for low income

shoppers. you're on food stamps, you get a big discount on prime. news about money. et's go wh politics. presidt trump meets congressional leaders this afternoon and tweeting about it this morning. joining us is senator from alabama. sir, a lot of people think that the president's tweets are a little distracting and not helping get the legislative agenda through congress. you want him to stop tweeting? >> well, why mind his tweets because it reminds people he's a can-do president and trying to get his agenda passed and i don't blame him for sometimes expressing frustration about the slow pace, but i can assure you, we're working hard on his priorities. stuart: do you think we can get it done? you've got health care reform, tax reform, infrastructure plan, the budget, and i'm probably missing something out there, but it's got to get done in the 43 days that the house and senate meet together on the same day before september the 30th. you can't get all of that done,

can you? >> well, you may not be able to get all of it done, but optimistic to get a lot of it done. it took 1986 ronald reagan to get it done. i'm frustrated with the slow pace of getting obamacare repealed and replaced. and i'll be there at noon to figure out how to get a solution. the people in my state expect us to support the president and help him fulfill his promises. stuart: is there an understanding in the republican party if you don't get tax reform done this year, you've got a real problem in the elections next year. >> i am not so sure that people are focused on the political aspect of it. i'm focused on the economic part of it. we need to incentivize our businesses and reform and repeal wet blanket regulations over our country andelp us politically as well. stuart: i want to ask you about

our withdrawal from the pis climate accord. our president says he wants to renegotiate it. starting very quickly. do you think he can get us a better deal? >> oh, i absolutely think he can get us a better deal. i was proud to join with over 20 of my colleagues urging him to withdraw from the paris accord. as attorney general i spent years fighting the clean power plan and other overreaches by the obama administration. i'm proud of my friend scott pruett head of the epa, doing a fantastic job articulating why we should be out, and how we can do better and i look forward to the next stage of negotiations. stuart: senator. thanks for joining us, i will tell everyone we have epa administrator scott pruett on the program a little later on. about 9:45 eastern. we'll talk about renegotiating paris. here is the news of the day. a federal contractor arrested, actually over the weekend. and accused of leaking a top secret report on russian hacking efforts.

judge napolitano is here with us today. this young lady who allegedly leaked was a bernie sanders supporters. how was it that she was able allegedly to transmit that kind of information. >> the nsa employs agents and they're entitled to express their political views and choose the politicians they want to choose. she's an employee of the corporation who has a contract with the nsa, of the 60,000 employees, 55,000 are not government employees, they're employees, like her, of corporations that sign contracts with the nsa. prior to the work, she goes to the same fbi scrutiny that everybody else goes through in order to get a top secret clearance. that's very, very high. because it's necessary, in her work, that she view, possess, have access to and act upon top secret materials. she decided to reveal some of those top secret materials to

an entity in brazil called the intercept run by an american, glenn greenwald. we don't know the details, but it's probably an act of espionage, and the same that we said hillary clinton committed by not safeguarding secrets. i want to know, you want to know and listeners want to know about the nsa incompetence that allowed the russians to plant cookies, not on the trump campaign or hillary's campaign, no fingerprints of trump on clinton campaign's, on the clerk of the united states that tabulated votes on election night. if anybody that worked for the clerks clicked on the cookies, then the hackers in russia would have had access to the websites and manipulate the numbers. we don't know if it happened. she didn't real veal it and the fbi agents when they arrested

her didn't reveal to the court. stuart: this is a serious allegation, because it would put the r russians in a position to affect the vote itself. >> yes, also so serious, we should know about it. we now know, that the russians materially and subantially attempted to affect the outcome of local, state, and national elections. stuart: but we don't know which way. >> correct. at least in this instant, stuart, it's probably one of many. and jim comey is going to be asked about it on thursday, in this instance it had nothing to do with the trump campaign. stuart: fascinating. >> it is fascinating. to me, she's closer to snowden than she is to being a traitor. revealed a level of russian interference with our democratic system and our incompetence of keeping the russians out, that's so substantial, we the voters and the people have the right to know about it. stuart: i've got to ask you about the presidential tweet 9:20 eastern time last night.

>> sure. stuart: he weighs in again and repeats the use of the world travel ban, that's right we need a travel ban for certain countries. doesn't that undermine his own case which his own lawyers are arguing to the supreme court? >> yes, it does. there are a lot of justice department lawyers who are upset because they told federal judges, this is not a travel ban, this is a selected mature, prudent, national security temporary bar of dangerous people from dangerous countries. that's a far cry from a travel ban. and in this case, the reason the courts have upheld the injunction against the ban, is because of the president's words before he was president. now, they have the president's words while president, that is is ammunition for those who are attacking the executive order. stuart: would i be right in saying that this makes a travel ban less likely than had he not

tweeted anything at all? >> sadly, yes. it's sadly, because i believe th travelban, whaver you want to call it is constitutional, even though the courts have gone the other way. yes, this makes the plaintiffs' case stronger and the government's case weaker. stuart: my premise is that some of these tweets are distracting and some are plain interfering with the legislative and legal process, counterproductive to our president. >> it's a strong argument and i share it. the president's argument is he goes above the heads of the mainstream media, gets right into the iphones and blackberries of his supporters and they love it. stuart: they do. hess supporters love it. >> yes. stuart: gives ammunition to his oements. >> agreed. stuart: there we are. judge, you're all right. >> ammunition to his opponents. i've got news on islamic terror, u.s. forces against isis in raqqa, syria. it's going to be a long,

difficult fight. we'll have details for you. today marks the 73rd anniversary of the d-day invasion. allied troops storming the beach of normandy, france. soldiers gave their lives in that battle 73 years ago today.

>> stocks are going down at the opening bell, maybe 50 points lower. that will take us below 21,200. the price of oil hovering around $47 a barrel. gold is very close to $1300 per ounce. got it. a u.s.-backed syrian force has begun an allout offensive to capture the northern city of raqqa. now, this is an all-out offensive to end it. liz: an all-out blitz. shelling and intense air strikes. there are believe to be 4,000 isis fighters in raqqa right

now. ty're up against 50,000 force of kurdish-led fighters. so this is the push to get back raqqa, which isis seized back in 2014. if isis loses both mosul and raqqa, the idea of this as their twin capitals, both of them, the idea of an isis led caliphate deteriorates and falls apart. then the fear here is insurgency comes to europe's shores and u.s. shores, it's already begun. stuart: that's true. but beating them overthere first and then maybe they'll come over here. lizzie, thank you. liz: sure. stuart: former fbi director james comey in 2015 identified a homegrown terror threat. roll tape. >> we've got about 1,000 investigation and another group of people we see some contact with foreign terrorists so you take that 2,000 plus tastcases 300 of them come to the united

states as refugees. stuart: 2 hr02000 cases, 300 ofm came here as refugees. and here is the journalism fellow at the freedom center. daniel, it's good to see you. welcome to the program. from what we've just heard there from comey back in 2015, it seems like we now, in america, have a situation somewhat similar to the brits as of right now. what do you say? >> we do. and the u.k., the numbers are somewhat higher, but none of the less, we are catching up to it. we have investigations in every single state in america and even in alaska and hawaii, we have a problem that is continuing to grow. we went to 250 people who went to fight in syria, u.k. the number is higher, europe 4200, but means we'll face a problem on the same scale and we've

already bun t see that. >> do k we should do something about this proactively look at these people who have come back from their fight in syria, do something about them as they're back on these shores? should we do something about that? >> we absolutely should. we have the legal frame work. in europe it's easier, but in the united states it's standard that if somebody fights in a foreign army, enemy force, he, that's hostile to the united states, he gives up his united states citizenship. we can denaturalize them and standard procedure if someone went to say, fight for the communists, they were denaturalized. it's something we should be doing and europe should be doing much more seriously because a great many of the terrorist incidents that we have, that europe has, have been isis people, people who want to fight for isis. and they represent a major threat. particularly, people once they actually go out there and they fight, they have training, they

have experience and they're much more dangerous. the original wave of terror came from jihadists in afghanistan. and they were the infrastructure of the first major wave of terrorism in united states and syria is going to produce more fighters. even if we don't see isis, there's going to be a conflicts, anyone who is going to produce a range of fighters who are going to come back and kill americans. we have to do something about that. stuart: what do you make of the president's travel ban, that's what he now calls it, held up on the ground that it's a muslim ban, what do you make of >> it's always a standard procedure the president has a constitutional authority who decides to come to america. there's no such thing as discrimination among immigrants. we have quotas for people from particular countries, that is

standard procedure and we've had this. in russia, you have x amount of chance to coming to america and this is a normal constitutional authority and the president should simply say the courts have no ability to turn over a standard presidential power. stuart: daniel, thanks very much for joining us. you throw some light on this one and we appreciate it. thank you, sir. thank you. >> thank you. >> i'm going to call it the end of an era, certainly at j. crew. age?ceo is stepping down and >> yeah, it's a big story. j. crew has been on a bankruptcy watch list at s&p global. i've been looking at financials, their revenues are at 2010 levels. the private equity crowd took it private and put a boat load of debt on the balance sheet, 2 billion. with declining sales and internet sales coming up, they can never make that switch.

in fact, stuart, they were talking about opening even more brick and mortar stores. so the strategy was upsidedown. yeah, mickey drexler came in to mix it and they should have put it there, and they didn't do. stuart: they have a reputation on-line, preppy. thank you, liz. a liberal bias study paid for by the network. 63% of the viewer thinks that the espn programming leans to the left. we'll have the story for you. believe me. and president trump's feud with the mayor of london, calling him pathetic. khan says the visit to the u.k. should be canceled. ashley has more on this spat. he's next. [vo] when it comes to investing,

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>> the mayor of london wants to cancel president trump's state trip to britain. our president did tweet this after the london attack, i'm quoting pathetic excuse for

khan had had to think fastt on the no reason to be alarmed. main street media is working hard to sell it. come in, ashley webster from london for us. i take it the state visit is still on and deal with the naming of the third suspect in the terror attack. ashley: let's talk about the twitter battle that's erupted. the london mayor, sadiq khan, the london mayor says that donald trump does not deserve to come here for a state visit. he says donald trump is wrong about many things, his visit should be stopped of the the leader of the liberal democrats here ferrin calls trump an embarrassment to america. and now the foreign secretary says, look, i don't agree with mr. trump on t twitter wa but he has every right to come for the state visit later on in the year. i've got to be honest, this

twitter feud is not getting much coverage. they're focusing the attack. and you mentioned of third person of moroccan and italian descent. disturbingly, we're hearing from italian media he was stopped trying to fly from the bologna airport, he was stopped, on his phone isis material. stuart: got to leave you, ashley. i'm sorry i know you can't hear mement i've got a hard break. that's how it goes. the opening of the market next. all right, we're going to be down 50.

>> all right. we've got about 25 seconds to go before we open up the market again on this tuesday morning. we're probably going to drop 40 to 50 points at the opening

bell. there's anxiety on the market this morning about whether or not we're going to get tax cuts and/or health care reform done this year. there's a meeting about it this afternoon, it's a big meeting, very important. here we go. it's now 9:30 eastern time. we're off and running and we're going to open lower. we're off 38 points in the first couple of minutes and i keep seeing the red, and we're down a quarter of 1%. and where is that opened up this morning? down about a quarter percent. similar losses across the board and same story with the nasdaq, down about a quarter percent in the very, very early going. we've got news on apple. i'll give it to you later. suffice to say that the stock price is not changed. 154. we also have news on amazon, again, i'll give you that news shortly. suice it to say that it's not

affecting the stock price, which is dead flat. and yesterday, i think that was an all-time closing high, 1,011. the news coming up now, elizabeth macdonald, michael murphy and steven cortez. all right, i think that there's some anxiety on the market this morning because of the risk that we won't get tax reform done this year. what do you say. >> i think you're right. the comey testimony hanging over the market and uncertainty about getting it done. i love the market long-term because i think we will get it done, but i understand the anxiety and we've come very, very long way in stocks and i think it's natural to get profit taking ahead of that. liz: tax reform or tax cuts? tax reform is a big endeavor. will tax cuts be coming? >> true, a question on both. i personally don't think we'll get full scale tax reform. i don't think we can do that. will we get tax cuts?

corporate tax rate cuts? i'm still skeptical. what about you, mike? >> we're a little spoiled here, the anxiety, the markets 100 points from all-time highs? the market is telling us, it's right up near all-time highs. sure there could be a pullback, but there's a bid underneath there and you could take that to mean that the believe believes you're going to see some sort of a tax cut, whether it just be corporate tax cuts, but there's no anxiety in the market. after the run-up we've had, that would be 3, 5, 8% to the downside and we're not seeing that. stuart:aybe i'm getting out over my skis as they say. a 50-point loss at thepening bell on tuesday morning doesn't stand for a whole hill of beans. go ahead. >> stuart, i would not want to be a grouch about this. i'm long-term incredibly

optimistic, i think that tax cuts and tax reform are coming. i think near-term when you say all-time highs, it's been concentrated. if you're not in a select group, mainly big cap tech, a lot of areas have done miserably, energy, small caps sideways all year. and it's not the broad rally about the trump agenda. i think i want to see it broaden out and it can if washington can deliver. >> let me move on to apple. some people are saying, look it, they're paying catch up here when they rolled out the home pod speaker, it's a rival for amazon's alexa and google home. what do you say to this one, mike murphy. that apple is not innovating here, at this point it's not innovating. >> they're not and i would agree with you. however, you have amazon, you have apple, you have google. look at three of them. they have similar products. they've separated themselves to the pack.

this is such a huge market for apple, so to be getting in there now, you can say they're not first to market, but i think that doesn't make a difference. this rolls out in december and i think it's the hottest gift of the season. absolutely. >> five year's time, are the smart home, $150 billion for the hardware, the total size of the market in five year's time. the apple watch came out two years ago and suddenly playing catchup to alexa at amazon. it doesn't look good for them, but they're finally in the game. stuart: steve, apple and how about this one for yo the apple is adding amazon's video onto apple tv. that, again, seems to me like a little bit of catchup and they're joining your competitor and not innovating, what do you say to that. >> i do concur. there's nothing wrong with apple, certainly not a company i would bet against or a stocky would bet against. but between the two of them, i

certainly prefer amazon. i think it's the most innovative company among the big cap tech players and the best management in jeff bezos, what apple has done, created enormous barriers to entry of any business it gets in. i'm not anti-apple, but amazon. >> and wal-mart are offering a cheaper prime membership for low income shoppers. if you're on food stamps, you get amazon prime, i'm not sure of the exact price they'll charge, but it's way, way, down. >> six bucks a month. >> six bucks a month. >> here is what's going on. a push by the usda to let people on food stamps to buy food on-line. they can't do it yet. amazon is thinking of a flag here, wal-mart gets 13 million in sales groceries, for food

stamps. it's an unfortunate way to live, but people are-- >> and amazon, it's holding steady. >> wal-mart up 16 year to date. if inin gives amazon a run for their money, i think wal-mart after the purchase of jet, they can be the pepsi to amazon's coke. stuart: let me try this for you, lnetflix, reed hastings, he's going to start canceling shows and take more risk. your comments, sir? >> he's done it all right. mr. hastings if you've been long netflix, you've been phenomenal with it. content is king. people want to pay $9 for it and watch whenever they want. that's going to continue, i wouldn't be surprised to seeing amp

am apple more into original content. they want to watch the shows they like when they want to. stuart: here i am, i open the show and i'm skeptical about tax cuts and the affect on wall street, i get shot down totally and i'm skeptical will apple being an innovator and totally shut out of the water on that one. >> that's why we get along so well. >> all right. let's check that big board. we are down 56 points, again, not exactly an anxiety-ridden market. we're only what, 100 points away. less than that from the all-time high. i want to check the price of gold this morning, a big gain there. up 14 bucks and close to 1,300 per ounce, a nice gain today. the price of oil is still at $47 a barrel. how about this on j.p. morgan, they've lowered their forecast for snap and they say that snap isn't having enough new users. snap's not bothered, $20 a share still. here is a story for you, mickey drexler, oh, a big name in

retailing, stepping down as the ceo of j. crew. is he a casualty of the retail ice age? >> yes, and the strategy there, they were talking about opening two dozen new stores. watch at s&p global, 10 straight quarters of declining sales. they have a boatload of $2 billion or so in debt on the balance sheet. this is a private equity crowd doing this to the retail sectorment take the companies private and load them up with debt and cannot make their way out of that debt load. stuart: all right, espn, did its own studies of its viewers and politics on the network and a big chunk of the viewers perceive espn has a liberal bias. we were talking about this for a long time. it hurts disney, doesn't it,

espn's problems? >> it does. they don't need this. they've had lots of problems before this. people seeing espn as a liberal outlet. they need to bring more conservative people on espn. i don't know if it changes it. i think that espn needs to give con tennant to the viewers in a different way, a different format now and i think that it's more bad news for espn and i don't think they're changing quickly enough. someone is going to replace them. >> stuart. stuart: go ahead. >> on espn, i think the problem of the left in general, they want to politicize everything. just give us sports. i knew up with espn, one of the reasonings i'm a sports nut, and used to watch religiously. i can't stand it now. always want to look at a left wing ankle any story. everything is political these days.

>> espn need to get back to journalism. stuart: everything is political these days. >> and it's costing them at their bottom line. stuart: toyota has sold its stake in tesla and aaa is raising insurance rates on teslas because the repairs are so high. rphy. >> we've talked about this before. you can't price tesla, say an earnings multiple or how many cars they'll sell next year. if you're long tesla you're believing the story that elon musk pan-- >> by the way, go ahead. stuart: steve, go ahead. >> what you're putting on, you're betting on musk as an individual, but what you're betting on long-term is parties more than you are betting on cars.

listen, it's a lofty price, i'm not necessarily saying buy it at all-time highs and what-- >> and the market. >> caveat emptor on tesla. and i think that you should look at-- >> i think you should have been buzzed on caveat emptor, which means -- [buzzer] buyer beware. steve, can the president get something done on infrastructure? can he realistically hope to get it done this year? what say you? >> yes, i really do. once again, i'm optimistic, i'm near-term concerned, long-term optimistic and the reason i think he can because so many democrat senators are running for reelection in states that donald trump won in the 2016

election. those democratic senators are going to be in fav of infrastructure because something the union love and blue collar worrsove and i wish he would have led with infrastructure and i think it would have been a great out of the gate initiative. i think it would have to get done and i believe it is. >> we're stretching out on the time when the infrastructure plan, obamacare, and others are on the deadline. i have to say goodbye to mike and steve. good stuff, gentlemen, thanks for joining us. president trump as we know has pulled out of the paris climate accord. he says he will renegotiate. we have scott pruett head of the epa on this program and we'll talk about renegotiation. and it took the cops eight minutes to neutralize the terrorists. if all the police officers carried firearms in london,

would that have taken eight minutes. n.r.a. spokesperson, dana loesch has the response. ♪ this lovely lady has a typical airline credit card. so she only earns double miles on purchases she makes from that airline. what'd you earn double miles on, please? ugh. that's unfortunate. there's a better option. the capital one venture card. with venture, you earn unlimited double miles on every purchase, everywhere, every day. not just airline purchases. seems like a no-brainer. what's in your wallet?

> we are coming back a little bit. noto much anxiety on the market as i was thinking about. we're down just 39 points now. we had been down nearly 60. i've got more news for you on amazon coming thick and fast this morning. for a start, the stock has gone to,1013. that's news and nicole, what's this about, you can use your big screen app to shop on amazon, what's it mean. nicole: this is a new all-time high shopping for amazon, as if it weren't a behemoth. you can shop on amazon tv and amazon fire tv.

you can shop for amazon products. all the way to shop on-line, home shopping network, qvc, infomercials, watch out because there's more amazon available. amazon fire on tv and a streaming device, you can watch add dom products. >> 155 million used amazon and a percentage of all goods sold in america and finding a way to make it easy to shop. stuart: there goes that stock, 1014 as of now. now, president trump says he wants to renegotiate the paris accord, starting immediately. who is with us? the administrator, epa administrator, scott pruett here in new york on the set with me. mr. administrator, if that's the correct form of address, is he? >> yes, stuart. stuart: welcome to "varney & company." >> gd to be with you. stuart: do you think we can get a better deal and if son what

area and with whom? >> what we ought to be focused on exporting the technology we've used for decades to reduce the-- >> fracking. >> it's horizontal drilling. we're at pre-1994 levels with regard to our co2 footprint. reduced 18% sin. >>. stuart: we've lowered co2 emissions because we've switched to natural gas away from oil and coal. it's cheap and our american fracking produce it in abundance. you want to export fracking technology. >> they should be receptive. we have clean coal technology to make sure that we've made

all. i think their mistake, a the diversity, from hydro to nuclear, we can reduce the co2 footprint. we led the world. paris represented was an apologetic view. they contracted our economy, put us at a disadvantage with china india and europe and that's the reason they want us totay in it. stuart: the left-- still on the paris climate deal. the left is apoplectic, here is nancy pelosi on president trump. >> how is he ever going to explain to his grandchildren, to the air they breathe, assuming they breathe air, pathetic, the from the --

>> she used the word pathetic, would you like to respond. >> what's pathetic is the short memory with regard to this issue. when the paris accord was cut, the head, father of climate science, james hanson, called the paris accord a fake and a fraud. the sierra club criticized because china and india didn't have to take any steps until 2030. india conditioned their on a trillion and a half in aid and we've already took steps for our co2 footprint and they didn't have to do any. and the former administration talked a good game. but now they're saying export to the rest of the world and engage in discussions how to reduce co2. stuart: does the president believe that the climate is warming and if he believes

that, does e that humans are affecting that. >> he thinks that the climate changes, and when you look at the paris accord, the deal is to get a good deal for the country on prospects and focus. stuart: should we be concerned about future changes in our climate given current trends, should we? >> paris-- absolutely, we should be focused on using the greatest technology to keep emission levels low in all areas and also growing an economy. stuart: so the science is accurate, as a problem looms-- >> i think that the modeling used the last several years has been absolutely questionable. what we know is human activity contributes to warming. it's difficult to know to measure with precision the amount of human activity contracting to the warning. we should look at technology innovation, reducing emissions levels and growing the economy. the past administration told us

we had to choose between the jobs and the environment. that's not how we've done it as a country. we've always grown our economy and being a good steward of the environment and we've demonstrated that since 2000. stuart: scott pruett, a machine under a lot of pressure, i'm sure. thank you. a new idea floated at the federal communications commission, straight to voice mail, robo calls, telemarketers, filling up your messages with sales pitches. we'll explain with it and deal with it momentarily. this is the new new york. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov

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>> well, look at this, the market overall may be down, but amazon is at 1,015 and tesla $350. and netflix, 166. all-time highs all three of them. check the general motors share price. t shareholders thereave rejected dav einhorn's candidates on the board. he wanted his own people on board maybe to get the stock up. that move was rejected and the stock is still at $34 a share. would you mind if telemarketers left a voice mail message on your cell phone and the cell phone never rang, it went straight to voice mail? . fcc is thinking about

e-mack, where do you stand. would you like it if a market are calls your cell phone, it doesn't ring, but you've got to look at and chase the voice mail? >> it's wrong. people have plans that have a set amount of time, right, when they access the messages and it chews up that time and costs them more money. by the way, republicans like this i.d. and so does the u.s. chamber. they're saying technically it's not phone call if there's no ring to it, if it goes right to voice mail. i tell you something, people who cannot-- you can't block the call, if it goes right to your voice mail, that's bad you'll get voice mail from telemarketers, campaigns. stuart: a lot of them, i'm getting on my little cell phone. we are on the same page, you're right. apple, once the great

innovator. i'm going to question is it now just playing catch-up and losing its edge? believe it or not, i've got a my take, editorial on apple at the top of the hour. [vo] when it comes to investing,

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. stuart: i'm going to get pretentious. apple is the most valuable company in the world. it is worth $800 billion. clearly, it is a stand out company. yes, the iphone did indeed change the world. and the stock has made millionaires of maybe a million people? quitpossly it has. however, its dominance is being challenged. its position as the great innovator to some degree threatened. oh, this is new. consider two relatively small developments. first, the siri speaker. the home pod introduced yesterday. it's apple's answer to the very successful alexa from amazon and a less well-known google home. some answer.

the home pod is nearly twice the price of the alexa, and it really doesn't do anything new except maybe deliver better sound quality. you know, from the great innovator, this is hardly innovation. it is catch up, and that's very unapple. item two, apple's adding amazon video to apple tv. it never gone outside apple in this way before. the point is, amazon has far greater choice and a lot more original content. apple is joining a bandwagon. isn't that catchup? well, it happens to every great dominant company. at some point they stop leading and start to follow. all right. we could have started the hour with commentary on the president's tweets or the big meeting on tax reform this afternoon, but we went instead with the challenge to apple. you know, when the world's greatest technology company begins to lose its edge, investors take notice. however, i should

note that apple's stock so far this morning is dead flat. unchanged. the second hour of "varney & company" is about to begin. ♪ ♪ ♪ . uart: i used to know the words of this all the way through. liz: your personal anthem. stuart: bruno mars. good song. check the big board. down 40 points. i would say maybe a little anxiety on the markets about whether we get a tax cut this year. not that much anxiety. only down 39, and we're still what? just a few points from the all-time high. speaking of which, all-time highs for amazon, tesla, and netflix 165. all-time highs, all three of

them. general motors stock is down 11 cents, virtually unchanged. reaction in the stock to the rejection of david einhorn's candidate for the board of directors. 34 bucks still on general motors. all right. back to what i was saying about apple at the top of the hour. i say apple is late to the party with the new home pod speaker. no longer quite the variant. okay. go ahead. shred me. liz: no, i think you're right. i mean, amazon came out with their speaker three years ago and apple was focused on the watch that looked like a fig newton on your rich. here's jeff bezos' vision, star trek voice control, that will be your home. i mean, that was his vision. but here's the thing, i think there's something like 11 million people who bought amazon eo, know, the exand million people are on apple itunes. so they've got a big customer base. can apple play catch up? yes, it's good for apple

investors that they're finally in this game. they are late to it, though. liz: okay. all right. so you're in partial agreement. i'll take it, liz, i'll take it. president trump, he's back on twitter with avenges. even tweeting about using twitter. look at those. the fake msn, that's the mainstream media is working so hard to try to get me not to use social media. they hate that i can get the honest and unfiltered message out. fox news contributor, town hall editor katie is with us. . stuart: good morning. i'll get to it. good morning. the president meets with gop leaders this afternoon. they're going to talk about tax reform and health care reform. do you think that the gop should say to the president "mr. president, would you lay off the twitter account?" do you think? >> here's the real question, stuart. is it going to be harder for republicans on capitol hill to reign in president trump's twitter account or for me to

take off this fig newton off my wrist? is liz going to make me take this off? . stuart: liz, she's talking about you. >> but to get back to the substance of the question, look, i think they're going to avoid telling him to get off twitter. the president made very clear that this is something that he likes to do, wants to do, it's his way of getting his message out to the american people. and when he talked to a lot of people who voted for him, they said, look, i like the fact that he comes directly to the people and avoids the media narrative and avoids the media filter that he goes through. i think his staff doesn't like it so much because yesterday you had kellyanne conway aring that his twier feed is not really a main tool that he uses to speak to the today's people. stuart: . stuart: we've got an extremely crowded legislative schedule here. all kinds of things on the menu. the last thing anybody else wants is the change introducing all kinds of ammunition for the democrats

to use to block the legislative process. >> it's not going to matter. that was the same situation five months ago at the beginning of the term. stuart: do you think he should reign in the twitter? >> i think he should, yes. i do think he should. not that he shouldn't be speaking directly to the american people. i don't think he should stop using twitter. i think it needed to be a more discipline, tailored message to promote his agenda, rather than offering up these distractions as you talked about because it does him a disservice. it does his agenda a huge disservice when these distractions are put out and when there is a messaging conflict inside the white house in terms of what the goals are, what they want to do, what the president is saying, what the staffers are saying. and so, yes, i think there's more disciplined message. but i do think he should keep that door open because as we've seen, you know, his message, he is his own best messenger. so for people to try to reign him in, i don't think it's going to work. stuart: okay. last question. i've got 20 seconds. what do you think? do you think we'll get any kind of tax cut tax reform

this year? >> i'm going to say that the odds are slim, and we certainly aren't going to see tax reform and infrastructure done all at one time this year, that's for sure. stuart: you might have just moved the market. it's your fault. >> better be careful. stuart: thank you so much for joining us. appreciate it. >> see you guys soon. stuart: now this. let's get to the president's decision pulling out of the paris climate deal. the left is -- i mean, reay, apoplectic. senate minority leader chuck schumer has called the decision a devastating failure of historic proportions. even former vice president al gore said the agreement wouldn't fix the climate change promise. to listen him for a second. roll tape. >> you would agree that even if all 195 nations met their targets, it still wouldn't solve the problem. >> that is correct. however, it sends a very powerful signal to business and

industry and civil society and countries around the world. stuart: all right. he's environmental and author of the book cool it. a frequent guest on this program. you are an environmentalist, aren't you? >> yes. and i believe global warming is real. stuart: you believe it's real, and you believe to some degree it's as a result of human activity. >> absolutely, and we should do something about it. stuart: and what you believe is that the paris agreement would not do anything about it, and it was useless. >> yeah. and this is not something i believe, the un, the guys who actually organized paris put out a report telling us how much would paris actually achieve. it would achieve a cut of 56 gigatons. that means nothing to most people. stuart: nothing. >> but if we're going to reach what paris promised, we would have to cut 6,000 gigatons. so paris in and of itself even at its best assumptions only solved less than 1% of global warming. so for a huge amount of money to solve almost nothing so, you know, al gore was

dramatically under -- what is the opposite of swagging? he was underplaying the fact that it did almost nothing. stuart: we had scott pruitt, the epa administrator on this program. roll tape. >> i think what the epa has made historically is they've tried to pick winners and losers in the energy mix. and what we ought to be focused on is fuel diversity from coal to natural gas to coal to hydro. and we should do in a way to reduce that co2 footprint. you know what paris represented was an view that contracted our economy that put us at a disadvantage in china and europe. that's the reason they want to stay in it. stuart: he went on to say, look, we performed highlightingly in reducing co2 in the united states because our produced natural gas at abundance at a low price. scott is saying we could do that around the world. and the world would be helped. and you say what?

>> this is probably the only way we can cut could she emissions. because gas omits about half the co2 as cohe will. so if you could make gas in china cheaper than coal, you would make both the chinese get cheaper energy, and you would make the rest of the wold because it cut. stuart: is it possible that american frackers absolutely have the answer to global warming? >> well, they have part of the answer. let's not get too excited. gas is still a fossil fuel, so eventually we'll have to stop using gas as well. but, yes, it's the solution for the next 15 years, and it shows you what innovation can do. fundamentally, the paris accord is never going to work because it's focused on saying let's cut back. let's do something that's very expensive for us. let's get rid of the readily available energy that drives our economy. that's never going to work. that's why copenhagen failed

and why paris will fail. but if we can get innovation to make green energy cheap what fracking has done for gas, but if we can also do that for solar and wind, and i heard you talk about tesla earlier. all of these things in the long future, that would be amazing because we cld both make money and cut carbon emissions. stuart: you were very unpopular as an environmentalists who opposed the accord. but you're popular on this program. will you come again? >> oh, absolutely. stuart: but you live in europe, don't you? >> i live in progress. stuart: why? >> it's a beautiful place. but also because i ran afoul partly because of these conversations. stuart: you did, didn't you? >> i did. stuart: denmark; right? >> yes. stuart: they won't have you back? >> they ran on a promise to cut off my funding. it was the only promise they kept. you're already. thanks for joining us.

espn viewers are getting sick of the network's liberal bias. the network conducting its own study trying to get an answer why people are turning off. we're all over that story, believe me. and president trump will meet with republican leaders this afternoon -- this afternoon. will they tell him to put his phone down and get to business? this is the second hour of "varney & company" "

. stuart: you've heard this before. retailer taking a hit. happening agn today. macy's, abercrombie and fitch, l brands, look at j.c. penney in the $4 range. all of them down again. talk about retail ice age. and the name of the third terrorist of the london attack has been released. he was prevented from boarding a flight from italy to istanbul last year. so he was on the radar.

isis propaganda was found on his phone. this is according to italian officials. however, until now, there was not enough ed to press formal charges against him. our next guest says these attackers are using religiousrt of enhanced interrogation. he's the man who water boarded three 9/11 suspects. and he joins us now. james mitchell, welcome to the program. >> thanks for having me. stuart: you've gone face to

orks that would be required to pull off terror attacks without ever breaking any of our laws. stuart: it seems he was arguing and stating his position in a way which makes us want to keep islamic terrorists and generally muslim recruit them into a terrorist organization because it's not like they have to

introduce new ideas. the ideas are already there. there actually is a piece of malware that's embedded, so to speak, in the ideology itself, and that is that allah has already declared an unending war against nonbelievers and that if the responsibility of every muslim everywhere in the world to defend islam, to attack his enemies, and to spread to sharia by requiring people convert, subject gate themselves, be enslaved, or be slaughtered. and at the core, that combined with one other piece of malware, which is this belief at t's thiopen-ended mandate to dthis that's not constrained byhe historical context of which the person wrote those documents, that

things that's used to recruit this false history into the jihadist lifestyle. stuart: james, we almost come to you as if you were a reporter on the way these people think. so i've got one more for you in that vein. we often heard after 9/11 that islam means peace. what was the response of ksm and others when you asked them what does peace mean to you? >> well, in the conversation with him one time, i asked him, again, about 2014 how come you say islam is a peace? because every time you, you're killing somebody. he said islam is a world at peace. he said the world will be at peace when everyone has converted to our idea of islam enslaved or slaughtered. so islam the way i practice it stuart: amazing.

james mitchell, please come back and inform us some more on how these people really think. we appreciate you being here, sir. thank you. >> glad to be here. thanks. stuart: sure. all right. here's what's coming up for you. britain is two days away from a general election. polls are in prime minister may's favor but not by a wide margin. ashley webster, live from london in a moment with the latest details.

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. stuart: all right. look at this. the stock price of square right there. record high, thanks to multiple upgrades from analysts just in the past uple of days. it's been riding high for the year. it's up 75% year to date. square, by the way, makes credit card readers. if you're a merchant, and you have this square, you can have people charge things on their credit card to your business or at your business just by using square. straight up. we are two days away from the general election in britain. the polls show the race fairly tight. ashley webster in london. ashley, i've seen one poll which puts teresa may four points ahead and another poll that puts her 11 points ahead. what's the latest? >> well, it's interesting. i would say if you want to give an average of six to seven-point lead for teresa may, i would say a month ago

she had a 20-point lead. if it got all the way down to one poll at the beginning of yesterday, that had ahead by just one point. but we know, stuart, the polls here are about as thick as the weather. we've had all four seasons in ten minutes. the question is will she get across the line? i believe she will. most analysts believe she will win. the question is by how much? and will she get what is believed to be the super majority in parliament? if she does that, if they go to the polls and back her party, then she will have a much stronger bargaining position when she starts to negotiate the brexit deal with brussels. if jeremy, head of the labor party does better and gets more seats, then that can be a real mess. even the threat of that, stu, brought the price of exchange against the dollar way down, so it will have an impact on the markets if we wake up friday morning and find out that the labor party did much better than expected.

i don't believe any polls. i was here covering brex. of course we all know what donald trump did. i think, though, the general consensus is that teresa may will w. the question is by how much? . stuart: yeah, well is, and you will be with us friday morning when this results come in. ashley: i will indeed. stuart: you will be right at the front of the show, as you usually are. thank you so much, ashley. home of apple. they've unveiled the home pod. its answer to amazon's echo. apple used to be the leading innovator. are they now playing catchup? tech investors gene will tell us if apple's best days are behind them