>> all right. just enough time to say thanks so much and over to "varney & company." stuart, over to you. stuart: i want the red one. maria: me, too! . stuart: thank you very much, maria. distract, block, resist and undermine. the democrats go to war again today with the trump presidency. good morning, everyone. the attorney general will testify in open session. that means the political theater will be on live tv again. the big issue, why didn't jeff sessions disclose three meetings-- what's the word contacts. ashley: contacts. stuart: three encounters he had with the russian ambassador? because of that, the swamp shuts down. the attorneys general of

maryland and the district of columbia have filed a lawsuit claiming president trump has violated the constitution because his hotels made money from foreigners. conflict of interest, grounds for impeachment, really? once again, washington focuses on ending the trump presidency, blocking his growth agenda. in contrast, the president is looking at issues vital to people's real lives. in wisconsin promoting apprenticeships, teaching youngsters skills they need for manufacturing jobs. college is not for everyone. there's a skills gap, let's close it. what will you see on the evening news, what will you read in the establishment media? russia, russia, russia. the left and media will collude as they try to bring down the trump presidency. before we get started, there's a speculation from a memo from then attorney general loretta

lynch to the national committee, in it she reportedly said she would end the criminal investigation into hillary clinton. that would suggest the obama team interfered directly in the presidential election. "varney & company" is about to begin. ♪ . stuart: we'll start with your money and i want you to look at this. some investors are dipping their toes back into the big tech waters. these are the big names as they are trading right now. this is premarket quotes. apple, amazon, facebook, all of them up. not much, but they're up. and here are alphabet, microsoft, netflix. they're up, not much, but they're all up. after two days of selling, maybe a bottom has been reached for those big name technology stocks. 23 minutes from now, we'll see. overall, stocks look set for a

slightly higher open. 30, 35 points up. we'll be at the 21,200 level. let's get to politics. new speculation about a memo from attorney general loretta lynch to the dnc. in it, she says she would reportedly end the investigation into hillary clinton. circa reporter sarah carter broke it down on hannity last night. >> we know that lawmakers were briefed on a meeting that director comey, former director comey had with loretta lynch, he confronted her not just about the tarmac, but about a sensitive communication, a piece of communication between two political figures that basically alluded to the fact that loretta lynch was going to put the kibosh on any type of investigation against hillary clinton. stuart: very interesting. all rise, judge andrew napolitano is here. you know the story. i know nobody has seen this memo, i understand that. >> we don't even know if the memo exists.

there apparently was reference to it in director comey's classified secret nonpublic testimony before the senate intelligence committee which took place following the public testimony we found last week. and certain senators leaked, perhaps to this woman, what they learned. some leaking, there was more to the lynch-comey confrontation than just the comey investigation. stuart: the president has jumped on this a few minutes ago, issued this tweet and i'm going to do it for you now. ag lynch made law enforcement decisions for political purposes, gave hillary clinton a free pass and protection totally illegal. >> there is enough to support that tweet, in my view, to justify the commencement of a criminal investigation of former attorney general loretta lynch. stuart: that completely changes the political complexion of

this day. >> the crime would be misconduct in office. the use of law enforcement resources for political purposes. i don't know if she committed it, but i do know there's enough to justify the commencement of this investigation on the basis of what director comey told the committee publicly and what we believe he told them privately. stuart: i suspect the democrats will be unnerved by the turn this is taking. they thought they could go after president trump russia, russia, i think the tables may be turning to attorney general loretta lynch and what she did with hillary clinton's investigation. >> i don't think that we should diminish russia, there doesn't seem to be a connection with the trump campaign, but massive efforts on who counted the votes. this thing with loretta lynch is the biggest bombshell of the day. stuart: okay, we'll take that, judge. thank you very much indeed.

>> you're welcome. stuart: see you shortly on the program. joining us now jim demints, former senator of north carolina and senior of the states. jim, it looks like the democrats have a problem they did not expect. it may be the obama team that interfered with the election. what say you, jim? >> they've sure opened a box now that i think is going to back fire because clearly whatever happened with russia or whatever happened during the election was on obama's watch. and it was his job to secure our nation and apparently he didn't do it. apparently a lot was going on that we suspected that we couldn't prove at the time. as you've talked about all morning, washington's locked down and that's why i have decided to get involved on two fronts, not only to continue to help conservatives in washington, but to work with the states to push back against the federal government. stuart: that's a very long-term prospect, jim. >> i don't think so, stuart. probably in the next two to

four years, it's likely we could get 34 states to ask for an amendments convention to force the federal government to balance its budget, to restrict the authority and jurisdiction of the federal government, and perhaps even add term limits to federal officers. stuart: that is two to four years and what everybody thinks about an effort to get a constitutional convention. the immediate problem is the survival of the trump presidency. >> right. stuart: with the democrats going at it hammer and tongs to get him out of power. i don't think there's anything there. i don't think there's an impeachable offense here, i think it's the other way around. i think there should be a criminal investigation of loretta lynch. >> stuart, everything president trump is trying to do, at least that i'm aware of, is moving the country in the right direction. it doesn't appear the democrats, and with some cooperation from republicans, are going to let him move ahead and move away from this, but it's important that we

understand that our founders gave us two ways to restrict the power of the federal government and one is for a congress to pass a laws and amendments and the other is for the states to actually pass constitutional amendment. i don't want a constitutional convention, what i want is what is referred to as an amendments convention. we need to fight this war on two fronts and what you're talking about, stuart, actually makes our case. washington is locked down, it's going to continue to spend until this country is in bankruptcy. stuart: well said, jim demint, a welcome guest on the program today. thank you, we appreciate it. >> thank you, stuart. stuart: i want to move to the economy because president trump is going to address the economy, jobs for young people tod today. roll tape. >> there are millions of good jobs that lead to great careers, jobs that do not require a four-year degree with a massive debt that often comes with those four-year degrees

and even two year degrees. these jobs require advanced skills and technical training and we're going to start that, the apprenticeships, a very good word from the trump standpoint, apprenticeships. stuart: and washington is consumed on what it thinks is political scandal. and the president is going it wisconsin to push, as you heard, apprenticeships. peter morici is here this morning. i feel there's a great deal of snobbery in america, that the elites look down on people who work with their hands. >> that has always been the case, but the real problem is the middle class looks down on people who work with their hands. people don't want their own children to go into these apprenticeship programs. rather send them to a middle tier college the best they can get in very often, and they're not really coming out with a whole lot. that's what we're learning. almost half of the students that go to college, not a lot of value added except maybe

some indoctrination. the nice thing about apprenticeship programs, they're focused on skills, skills, skills. there's no politics there. there's no greater purpose and what could be more fundamental than teaching someone how to earn a living in a good and constructive way? >> agreed. now, address, please, the issue of the skills gap. we are told there are a lot of well-paid jobs going begging. they are blue collar jobs, welders, electricians and they're going begging because there are no applicants, there are no people capable of doing those jobs. is there a skills gap? >> there's definitely a skills gap. i see evidence of that. the federal government can't do 0 this top down saying we're going to put lots of programs in community colleges. what they'll get is more political indoctrination, some sense of what's needed in terms of skills. those places don't do a terribly good job most of the

time, am i going to get an e-mail about that. we need industry based programs, as they do in germany. where they have those in the yates, 80 to 90% of the time earn 60,000 a year, do it in a couple of years or less. it's very appealing to people that don't want to deal with very eclectic and cerebral issues, but rather just want to focus on getting a job done and the reality is, we need people like that and we have people that want to do those jobs, but parents, school officials, the government keeps steering our children away from those things as if there's something lesser about it and there's not. as the grandson of a man who roll rolled cigars in a button hole. stuart: well said. come back when i've got more time.

i think the president is addressing a real need in america and is being ignored. peter morici. and i'm going to sports. the golden state warriors beat the cavs, 129-120. more fallout from the tiger woods dui. tiger announcing he will be checking into rehab. woods admitted to police he took opioid pain killers before he got behind the wheel and was arrested. senator ted cruz getting tough with mexican cartels. he wants to use our military to fight the drug lords. we have the details on that one. and a cnn anchor says the shakespeare in the park actor who showed a trump character stabbed to death brilliantly. more after this.

>> anti-trust approval given

to general electric. it's going to merge its oil and gas business with baker hughes. and jeff immelt is stepping down. the stock moving fraction higher this morning. sears in trouble. going to eliminate 400 full-time positions at corporate offices and in support roles. sears, no change in the stock price, $7 a share. way down over the past few months. to the media, shakespeare in the park in new york, caught a lot of heat after showing a trump look alike being stabbed to death. now, we learn cnn's sakaria had weighed in on the prod he said if you're in new york city go see julius caesar free in central park brilliantly interpreted for the trump era. a masterpiece. look who is here. brent bozell with the media research center. you know, the new york times has not withdrawn its sponsorship of shakespeare in the park and cnn's parents,

time warner, has done the same. they're not withdrawing support. what do you make of this? >> you know, we've talked many times, well, if it were the obama administration, how would they react? in fact, my colleague found something interesting, four years ago at missouri state fair, there was a clown wearing an obama mask. this is what the announcer said, he said, this bull is going to get you, obama, he's going to get you. that comment alone triggered national news stories, including a major story by nbc news. that was out of bounds. but just imagine a play depicting the united states stabbing to death donald trump. the new york times, time warner, by the way, the city of new york, are sponsoring it. stuart: where it the sense of responsibility on the part of these media people? >> where is the sense of shame?

this is a press that we've talked before, it has put aside any semblance of objectivity, any semblance of fairness, any semblance of journalistic ethics. this is a national news media that are hell bent destroying this man. during the comey hearings and cnn is the worst, they are the worst. do you know that they held 20 hours of coverage about the coverage before the comey hearings began? >> 20 hours on the coverage before the coverage. i tell you. >> by the way, and what did we learn in the coverage? what we learned was loretta lynch actually did try to influence, the attorney general, under the obama administration, actually did try to influence an investigation of the fbi. stuart: that's the story of the day. >> where is the coverage of that? >> cbs gave it 60 seconds. i've got 30 seconds left, are

there any sense on are the part of the media people, maybe we've gone too far, we're acting irresponsible, time to rein it in a little? any sense at all? >> none whatsoever. look for it to get worse. they're interrupting the programming today for the sessions hearing, the sessions testimony. they're nonstop out to get donald trump. don't anyone question that. stuart: thank you very much, brent bozell. thanks for coming on the show. tim cook detailing apple's plans to get into the car business, apple is focusing on building autonomous systems. let me give you that in plain english, apple is working on a self-driving car of its own. dennis rodman back to korea for a four-day visit. says he wants to open doors to the rogue nation.

>> all those folks who bought gold coins for their kids and grandkids had a nice thrill when it got to nearly 1300 an ounce. the news this morning, it's backed off more, 1262.50. down this morning. basketball hall of famer, he's in the hall of fame, dennis rodman arrived in north korea today. it's a four-day visit.

all right, lizzie, what is he up to. liz: he's talking basketball diplomacy because kim jong-un is a fan, particularly the chicago bulls, he's fan of them. stuart: is he going to get the hostages in pyong yang to be released. liz: he says that's not his purpose. the four americans there, he's not going to talk about it. he says he wants to do something pretty positive. that would be pretty positive. releasing four americans in prison in north korea. stuart: you know what he's doing? he's promoting pot coin, used by marijuana people. that's on his shirt. liz: that's a digital currency because banks are shunning transactions for buying legal marijuana. it's a difficult area for the banks to do, so pot coin is up

60% since the announcement of this visit. stuart: i'm not so sure, however, it does the name of legalizing weed for recreational purposes much good when you stick it on dennis rodman's chest as he walks into the despotic north korea. liz: good advertising for pot coin. what a weird mix of stories we're talking about now. stuart: how do you get to this point? thank you, liz. liz: sure. stuart: all right. now, we're going to open this market in four minutes and change time and we'll be up 40-odd points at the opening bell. the s&p is going up and a nice gain for the nasdaq. we're going to later, we're going to concentrate on the big name technology stocks because premarket, they are now up a little. big change. we'll be back. [vo] when it comes to investing, looking from a fresh perspective can make all the difference.

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>> 45 seconds and we'll open this market. let's see how we go. we're expecting a modest upside move right at the opening bell. politics may intrude today. we've got the sessions hearings this afternoon on live television all across the broadcast spectrum. however, those hearings may be overshadowed by a new bombshell this morning. about a memo, supposedly from loretta lynch, attorney general to the dnc, suggesting they'll knock off and finish the

criminal investigation of hillary clinton. that would be the intrusion into the election of the obama team. that might be the bombshell of the day politically. elsewhere, we've got the performance of the big technology companies, down for two days straight. where will they open? i tell you know you, the market has just opened up and we have a green on the left-hand side of the green and the dow is up 30-odd points in the very, very early going. let's take a look at the nasdaq, please. there's the technology indicator. it's had a couple of bad days. it will be producing a result any moment now. there you go. up 1/2 a percent. we're back up on the nasdaq. all right, let's look at big tech names. they're the central point of this market for the past couple of years, they've been down for two days straight and look at them go now. we've got a modest rebound in apple, 147. modest rebound for amazon, up 13 now. and facebook turned to the 150

level. how about alphabet, microsoft, netflix, same story, all on the up side. not a huge rebound by any means, but this is the first couple of minutes of business and all of the big tech names are up. show me general electric. their deal for baker hughes has won anti-trust approval. yes, it will go through. yesterday it was announced that jeff immelt is stepping down after 16 years as ceo. the stock went up yesterday. it's up a little bit more this morning, but still, shy of $30 a share. joining us, elizabeth mcdonald, mike murphy and steve cortez. i'm going to start with the big techs. we usually do. they've taken a hit and bo uns -- bounced a little this morning. is there any one that you would buy right now. >> apple. >> at 147 a share? >> 147, had almost a 10% pullback from recent highs. you want to talk about tech bubbles. apple is trading 13 times next

year's earnings, very far from a bubble. the argument here, i think apple at 147 on the way up, i didn't tell you to buy it, stuart. but on this pullback, i think it's a great entry point if you've missed the run-up recently, i think you can get in here. stuart: steve cortez, is there any big name techs you would buy right now? >> i would not right now. i like them long-term, but i think there still could be more profit taking there. if you want to invest in tech technology, the semiconductors, no particular names. >> wait a second, steve. do you think this pullback, two days of downside moves for the big techs, do you think it's got further to go? >> near term. but long-terms i feel incredibly optimistic. near term, nothing in the contest of how much they've rn up. donald trump although he's not popular in silicon valley has done great, great things for

silicon valley, they should throw him a parade. stuart: and steve cortez would wait until they go down more. i've got it. please take a look at facebook. this is interesting, it may make users to pay for news. liz: they're finding 20 to 50% more traffic versus overall mobile device traffic when they have news on their sites. there's more clicks, clicks are up 25% the last months and a third of all clicks come from news. the problem for facebook. big gun-- excuse me, news outlets like the new york times, wall street journal, cbs will not put their news on its sites and ft won't either. and they don't like the advertising format. stuart: as a consumer, i don't think i'd want to pay. >> it depends how you're consuming content. a lot of people, 2 billion rely on facebook if they're getting their news there and they think it's reliable news, i think

they will pay. stuart: i don't know how much they would be asked. liz: it's the quality of news and who is on it. the big name news outlets not on there. stuart: if you get a fraction of two billion people, and charge them a few bucks, a lot of money. i got it. apple's chief tim cook says the company is focusing on making an autonomous car system. by the way, general motors has just announced it has completed production of 130 chevy bolts with self-driving technology. you said, mike, you like apple. you'd buy it at 147. is this part of your equation? >> it's not really, tim cook didn't go into what the car looks like or even if there is a car, he talks about this entire echo system they're working on. it's not just apple, it's apple, google, gm, ford, uber. . i don't know how it plays out. i don't know if it plays out in a year or ten years.

i think it's tough to invest on that right now, but it's very interesting. stuart: steve cortez, i have to ask you this, all of this great move by all the car makers to the autonomous car system. like a little pod, you jump in it. it takes you where you want to go, there's no driver. are you, steve cortez, are you absolutely sure this is going to be a very big thing and a big thing soon? >> well, you know, sure as i can be about predicting the future, yes, stuart. i think this is going to happen. i'm not sciency enough to tell you how exactly it's going to happen or who is going to be the winner in the space, but is it coming? yes. and i think probably a lot sooner than we think. the ramifications will be widespread from employment, to transportation companies, it's going to be a massive sea change i think we are he going to see sooner than later. stuart: we shall await its appearance. job cuts, more of them at sears. it's going to eliminate 400 full-time jobs. steve, back to you. shouldn't we put sears on death watch? >> you know, unfortunately, it

seems as such. i can't find a lot positive to say about sears other than the real estate play which is certainly well-known, but there are some bricks and mortar retailers out there that are able to survive in the era of amazon, it doesn't seem that sears has a niche. liz: a slow death march. death by a thousand cuts. eddie lampert should have sold five or six years ago. and should have told it a while ago. >> i don't know that he had a buyer. liz: he's doing selloff here and there. somebody would have picked up the real estate. stuart: the stock has tumbled way, way down. >> it seems like it's inevitable. stuart: it was one of the great ones, everyone shopped at sears. the big board shows a 40 point gain for the dow industrials. look at the level. 21,276. the s&p, that's a broader based indicator, also up about a quarter of a percentage point.

and don't forget the price of gold, it's continuing its retreat. it approached $1300 an ounce and now back another 4 bucks, 12 1265. there's a number here. mcdonald's plan to hire 250,000 people for the summer. they're using snapchat. >> it's the number. 250,000. liz: they're looking at the bubbly ambitious teen, college age worker, snapcations. you post a snapchat video of yourself. if mcdonald's likes you they'll say go to the website and apply. >> 250,000 jobs is a big number the fact that they're using snapchat. it hasn't performed. it's interesting. and could be an investment here. stuart: go ahead, steve. >> stuart, i concur, i find it

interesting, snapchat and i said on your show, teenagers use it for free, customers who don't have spending money. this is perhaps a game changer. if it's a sort of young person's linkedin. for the first time i'm bullishly inclined. stuart: i've been beaten down. i thought the news was 250,000 people. very interesting use of snap and senate chatfield in the recruitment process. i stand corrected. major banks, including bank of america, citibank, and others are introducing a video payment network and allow people to send in money through participating mobile apps.

>> i don't know that the banks will get into the space. there's a lot of technology, startups, one was venmo. this is how kids are using money. i don't believe so that millennials will go to their banks to transfer money. i don't think they're there yet. stuart: we are the best news service for millennials, even though i am not a millennial. liz: you have a lot of millennials in your family. stuart: yes, i do. jam packed fullf millennials. i'm broadcasting for them, of course. liz: exactly. stuart: steve, have you got anything to add there on that subject? >> i, too, am far away from being a millennial in age. i think that we're moving more and more to a cashless society and young people are there. who is going to win in this space? it's crowded. i like the banks generally. they're starting to trade very well. i like the whole space, xlf which encompasses the financial companies. i think that rates are going to rise, and then again.

and i'm bullish the sector. xlf, the all purpose basket of stocks in the financial sector has done well lately, moved up to 24. in part, mike, they're going to get rid of the some of the parts of the dodd-frank legislation. >> rolling back regulation, of course, as steve pointed out, it had a has to do with rates going higher. you put those together and it's a great setup to be long, so goldman sachs, citibank, bank of america. stuart: they've gone up nicely, i've got to say. deutsche bank says the market's next 5% move is to the down side. that's deutsche bank saying that. steve, what do you say to that? >> i tend to agree unfortunately. i don't think it derails the long-term bull market, but we've had an incredible run. i think the name. game right now, more than the market on the whole is rotation. i think out of some of the high flyers, names like tech and some consumer discretionary and into the things that aren't as loved, particularly energy, which had a miserable 2017, but i unfortunately degree with

deutsche. there's near term risk, but as long as we get the package through, long-term. stuart: mike. >> on friday when it started to roll over, the nasdaq was up 80 points on the day. as as long as the money is staying in the market, rotating from one sector in the next, we'll be up. >> what a great start to the day. we're up in the first 11 minutes of business and big techs are recovering modestly. stuart: thanks to mike and steve. great performance today. appreciate one and all. mortgage applications are at a seven-year high. home ownership, however, is near a 50-year low. young people having trouble getting into the housing market. one of the possible reasons, college debt, got it. so, its theme will be to discuss throughout the show today. we're going to discuss, is college worth it? more varney after this.

>> breaking news for you. north korea released an american prisoner, a, lizzie, who is it? and b, anything to do with dennis rodman's visit. liz: no, nothing to do with rodman's visit according to the trump administration. he wassed -- he was sentenced to 15 years for hard labor after taking a banner. stuart: good, welcome home. we're 14 minutes into the session and up 67 points, a third of a percent. 21,300 that's where we are.

netflix is working on letting you watch new movies at home much sooner. what's going on, nicole. nicole: doesn't that sound great? you don't have to go to the movie theater, you can watch whatever movie you want in the comfort of your home. what's going on? first of all, netflix is higher after two days of selling, people like that. netflix continues to produce its own content, even hired will smith, brad pitt, martin sco scoresacy. and on this news trying to claw back. netflix will inevitably become huge competition for the movie theaters. and secondly, there's an idea that maybe you pay an extra fee and watch it at home instead of going to the movie theater and that, too, will cut into the profits of the movie theater. stuart: good stuff. nicole. bottom of the your screen, dow

hits all-time high 21,300, there we are, well, almost. it was 21-3 a moment ago. if you've tried to buy a home lately you know the regulatory hoops you've got to jump through. treasury secretary steve mnuchin on maria's show talking about rolling back financial regulations. well, roll tape. >> we've gone too far from dodd-frank after the financial crisis. this is rolling back the reforms so community banks, regional banks can thrive and people can get mortgages and loans. stuart: news for many of ours viewers and our production team. they've been having trouble getting a mortgage. come on in john allen bb & t bank. john, mortgage applications are seven-year high, things are going well there. but the home ownership rate is a the a 50-year low. what's happening? >> well, i think a combination of factors. one was that, a lot of people realize that home ownership

wasn't as great of an investment in the financial crisis because of the falling house prices and may be a little more cautious. on the other hand, regulation makes it much more difficult to get a home mortgage. when i started in the banking business, you can get a home mortgage, it was four pages. today, it's over 600 pages. and that got to defer a lot of people, and plus, a lot of students now have a lot of debt when they come out of college, they don't qualify on income. stuart: one of the great social indicators that's very attractive about america is the historically high rate of home ownership. a few years ago it was up 67, 68% of people, adults, owned the home in which they live. now it's down many percentage points from there. and any prospect much things turning around? that people go back towards owning, youngsters, millennials go back to home ownership. any sign? >> yeah, i think there are some signs and the application is

one of the signs. of course, you had some deferred family creation and deferred marriages. people have children, they're more likely to get interested in home ownership. so, i think the statistics will probably move back, where they'll get back to the level we had at one point. i don't know. i'm not sure that was good because we weren't sending a lot of people to buy houses who couldn't afford them. one reason we had a financial crisis. >> i think it's a great thing, home ownership, pride of ownership. middle america. something the president is going to say today. he says college is not for everyone. what do you say? >> i totally agree with that. you know, we, i think, have way over incented going to college. the increasing percentage of college graduates that end up with jobs that you don't need a degree for. taxi drivers, retail clerks, waiters, and what's happening, we're incenting people to go to college that really would be

better off with technical training. and the other end of that spectrum. we have a huge shortage of plumbers and electricians making $100,000 a year. stuart: john allison, thank you for joining us, and come again soon. by the way, what the president will have to say about apprenticeships in wisconsin will probably be overshadowed by the swamp, the political news out of the washington during the jeff sessions hearing. we're going to throw a monkey wrench into this. there's new information this morning about maybe a memo from then attorney general loretta lynch to the dnc suggesting they would end the criminal investigation of hillary clinton. nobody's seen this memo to our knowledge but the speculation that it exists and that would really turn the tables on these hearings. look at the market, we've pulled back a little bit now. we're up 50 points, but the dow earlier did hit an all-time record high. check this out, please.

a robot named u you-me onset. it allows the robots to work side by side in factories. we'll show you how, not what you think, when we come back. ♪

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>> if you watched the opening of the nasdaq stock market yesterday you saw that, a robot, it was ringing the bell. that robot is now here in new york onset with me and our guest is with the robot. if i can put it like that. william studebaker, right? >> exactly. stuart: you're with robo global. >> correct. stuart: you're with the company organizationing this appearance in america. >> robo global is the first to define the industry and created the first ever index that tracks robots companies. abb happens to be one-- >> it makes this thing. >> right. stuart: what does it do that an ordinary robot doesn't to. >> the beautiful thing what it does, it's a collaborative robot, a step function change in the technology evolution. stuart: you lost us all.

hold on a second. shall i do this? you tell it what to do and show is what to do. put your hands on it and manipulate it personally. >> exactly. so what this technology allows you to do is basically take and give it flexibility in manufacturing. you can take the robot and change the manipulation that it wants, you want it to do versus having to do the manual recoding. think of the flexibility that offers manufacturers. there are 6 million small to medium sized manufacturers globally that can begin to implement this technology. this robot costs roughly $50,000. works 24/7, 365 days a year with no health care or overtime. stuart: sir, i don't need to be a programmer, a code writer to change its function? i can just show it what to do. >> correct. stuart: what does it do? >> this is used instrumentally, small parts assembly, used in a lot of different variations of manufacturing, it's being used

in food production. it's kind of moved out to all parts of manufacturing and it's happening now. stuart: $50,000. 24/7, 365. >> exactly. stuart: okay. it's going to take a few jobs away, is it? >> it's likely going to take jobs away. if you think about what this is doing though, when you think about what it does, it brings a lot more efficiency to protection. these are technical skills that this robot does that people can't do particularly when it comes to small parts assembly. stuart: very precise, i'll give you that for $50,000. william studebaker, thank you for joining us, we appreciate it. thank you. you won't hear much about it in the media, but the democrats could be on trouble, on the verge of splitting into two party. my take on bernie sanders and the people's party in the next hour. many of my patients

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that's why i recommend using polident. polident. cleaner, fresher, brighter every day. . . . . stuart: the democrats are in trouble, in two areas.

not that you heard much about it in the media but as we look at the attempted destruction of the trump presidency, the left has some serious problems. first, schism, split. the democrats are on the verge of dividing into two left-leaning parties. bernie sanders wants to create a new rty, the peoplesarty, far left. he remains angry at the treatment he received from the democrat party. the apparatus during the election. and he is angry at the party's failure to represent working people. the people's party wants to field candidates next year. second, allegations are emerging that the obama administration interferred in the election. there is speculation about a memo from then attorney general loretta lynch to the democrat national committee reportedly, she promised to end the criminal investigation into hillary clinton. no wonder bernie's mad. no wonder the democrats are worried.

so as you watch the grilling of the jeff session this is afternoon, remember that democrats have opened up their own pandora's box. they think they have the president, president trump on the run, but the next round of probes and investigations may be into loretta lynch and barack obama. the second hour of "varney & company" is about to begin. ♪ >> current model and the current strategy of the democratic party is an absolute failure. the democratic party needs fundamental change. the democratic party must finally understand, which side it is on. stuart: all right. we'll have more on the breakup of the democrats maybe, in just a moment but first we're waiting the house gop leadership's weekly news conference.

we're going to bring you any headlines that it generates. we'll be right there on it. now the market has pulled back a little. the dow hit an all-time high earlier moving above 21,300. it is back down to a 40-point gain but it did hit that high a few minutes ago. look at the big tech names. they had been down for a couple sessions. now they're on the upside. amazon up 13 bucks, facebook back to $150 a share. alphabet, and netflix at 154. rebound of sorts for the big techs. let's get back to my analysis, my take, analysis at the top of the hour, about the democrats. fox news contributor, former clinton pollster, doug schoen. is this a real split, is bernie going to start a new party? >> i don't think he will start a new party necessarily. it is tough in america but he is sure in the process of trying

with some success to take over the existing democratic party. stuart: you say it is not a split, it is a takeover? >> that's right. stuart: saying far left, taken over the left. >> the socialists. people who believe in redistribution. they don't believe in growth and they basically want government control of all social functions like health insurance, single payer. stuart: the republicans surely are gleeful of this? >> absolutely. this is manna from heaven for a party that is unpopular and a president whose approval is under 40. stuart: what happened to guys like you? there is no role, no room for you in either of the two wings of the democrat party, is there? >> stuart, i'm a man without a party because i'm much less conservative than the republicans and a lot more conservative than these new left-wing democratic party. liz: it is not your parents democratic party. >> no it isn't, sure isn't. stuart: of that generation. >> i am, i am. stuart: could you never vote republican?

>> well -- stuart: couldn't do it? >> well, i will concede on this program, i voted -- well it is, that i voted for obama the first time and voted for romney the second time because i couldn't really countenance obama's global policies. i think history has validated my judgment. stuart: let's get back to the people's party. >> sure. stuart: drawing up an organization. >> right. stuart: they hope to have it on the books and completed by the late summer. they will field candidates in the 2018. that is a split. that is a division in the democratic party night is, but easier said than done, stuart. it is not really easy in america to get a new party on the ballot, to get it funded and there will be a lot of left-wing democrats as frankly a way to divide the democratic party and help the republicans. stuart: there is a gubernatorial primary in virginia today. >> there is, yes. stuart: one of the candidates is backed by bernie sanders.

>> periello. stuart: he may win. that will be a win for that wing of the democratic party. the bernie sanders will say, rest of democrats you don't know how to win elections. >> that is absolutely right. bernie is taking credit, for korb bin's near success in britain and this is way to campaign in america. stuart: as a conservive i cheer the man on. i can't believe a socialist will win a significant election in the united states. i couldn't believe corbyn will get so many extra votes as he did. >> i had same fierce and doubts as moderate democrat, may be a dinosaur, stuart, but i view this with trepidation. stuart: in his own words, doug schoen. >> thank you, stuart. stuart: attorney general jeff sessions, he will testify before the senate intelligence committee this afternoon. he will be asked about his meetings with the russian ambassador. joining us texas attorney

general ken paxton. ken, i want to change the subject here. i think there is a new bombshell this morning, that is the possibility that a memo exists from former attorney general loretta lynch to the dnc saying we're going to get rid of this criminal investigation of hillary clinton. to me that's the bombshell that is breaking around us today. >> i agree with you and it is something that has been ignored by the media and some traction on issue. it is important to investigate that, since you're spending so much time on the russian issue with the trump administration. stuart: you're the attorney general of the state of texas. what do you make of the attorney general of the united states of america, loretta lynch, holding that meeting on the tarmac with bill clinton about maybe his wife's investigation? what do you make of this? if that was the precursor to the memo that is a terrible thing that happened in our society during the last election?

>> obviously a huge conflict of interest. it is something had the trump administration done would have been investigated. we would be having hearings about it right now. it is interesting that happened a long time ago. there really has been no discussion of hearings but there should be. stuart: okay. you're the attorney general of the state of texas. the attorneys general of maryland and the district of columbia, they are filing suit against the president saying that he abused the constitution by taking money from foreigners for his hotels after he was the president. what do you make of that? >> well, i like carl from the district of columbia but it's a stretch. one, they will have to show some kind of a harm to their state. i don't know how they show harm. to get into court you have to show harm. i don't know how they show harm with donald trump having hotel interests in their communities. this idea this is a gift is also a stretch. this is an interesting idea but i think it's a real stretch. stuart: this is another diversion, isn't it?

desperate attempt to get the president on something to hold up his agenda. >> look, this is going on since he was sworn in, it not before, to try to distract him doing what he was elected to do, focus on repealing obamacare, cut taxes, regulatory reform. all these things are important. the democrats and media pushing him away. stuart: what do you make of this latest legal setback for the president's travel ban? the president tweeted about it today, by the way. i will show it to our viewers. well, as he predicted the ninth circuit court did it again, ruled against the travel ban at such a dangerous time in the history of our country. sc. is this travel ban just about over? it is done, it is not going to happen? >> you know what, i'm not surprised it is the ninth circuit. there was purpose filing at the ninth circuit. they tend to be liberal. they focused on statute, not divert statements made by the president during the campaign,

however they appear to be substituting their judgment in a place where the statute gives the president the judgment, it is up to him to determine whether it is detrimental to the united states if certain class of aliens are brought to the country, not the courts. this is legitmate issue for the courts to decide. i'm hopeful that the supreme court will take this case. we filed our amicus brief because we believe the ninth circuit and fourth circuit has it wrong. stuart: sometimes seems like texas is another country. welcome visitor to the program, ken paxton, attorney general for the state. >> thank you, sir. great day doug schoen is still on the set. would you ever live in texas. >> absolutely. stuart: just had to ask. now this, a security computer company has discovered a new type of malware that could threaten our country's electrical grid. emac, what is this about? liz: extremely alarming. homeland security is looking at it. can override existing electrical

system, take hold of them, and cause blackouts. a version of it thought to be responsible for the blackout in the ukraine in september which shut down the capital of kiev and put it in total blackout mode. stuart: that is assumed to be the work of the russians what they did in ukraine. liz: that's correct. stuart: is this assumption this electrical grid hack is a russian weapon? liz: that is the assumption. russia denies it. it can be adapted to different electrical utilities. fear it could work anywhere around the globe to cause blackouts in any country. there are fears of copycats. this is dangerous stuff. they have not seen anything like it. it is highly sophisticated. stuart: liz, thank you very much. the golden state warriors bringing home a win last night of the cleveland cavaliers. also a win for steph curry over lebron james. brian kilmeade will join us later this hour to weigh in on that one. 13 republican senators headed to white house to discuss the bill to replace obamacare.

who will not be there? senator rand paul. he calls it obamacare light. we're all over this one. former attorney general eric holder could release his report of the problems related to uber that led to the ouster of kalanick's most trusted executive. you're watching the second hour of "varney & company." ♪ [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.

stuart: retail ice age, sears will eliminate 400 full-time positions. all part of their plan to save a billion dollars in costs annually. we should put that stock on death watch. imax is a winner, buying back shares, cutting costs. investors like it. 4% gain for imax. look at yahoo! and verizon, verizon, actually. it's a done deal. verizon is buying yahoo!.

iting all over. yahoo! at 53. got it. president trump and his daughter ivanka head to wisconsin today to promote apprenticeships and on-the-job training. ivanka talked about the issue yesterday. she said college is not for everyone. >> there is a viable path other than a four-year college experience. really investing in vocational education, skill-based training. there are six million available american jobs. so we're constantly hearing from ceos that they have job openings but they don't have workers with the skillset they need to sell those jobs. really bridging that gap and bringing experience-based education to the forefront. stuart: well, look who is here to pass judgment on this? none other than our friend, congressman louie gohmert, republican from texas. what do you say here?

i agree with ivanka and i agree with the president. college is not for everyone and the elites have a nasty habit of looking down on people who work with their hands. are you with me on this. >> i'm so totally with you, and so are the schools in texas and around the country n east texas i was going to high school, before carter created the department of education, we had auto mechanic training, welding training -- stuart: louie, i'm sorry to interrupt you. we have speaker ryan asking questions about robert mueller. listen in. >> [inaudible] do you think you can get a real budget resolution with your priorities and what other consequences or failures -- >> good question. the question is about the budget. remember with a new president in the first year you always have abbreviated budget season. that is the way budgeting with a new administration works. we knew we had constricted budget and appropriation season.

we're having a debate how much we can assist the pentagon and the military. not a question of more resources for the military. it is a question of degree how much more resources we can dedicate to the military. that is what the big debate is b then we'll have the kind of debate what we call reconciliation structures are necessary not just for tax reform but for other kinds of things we need to make sure we're getting budget trajectory headed in the right direction. what is the purpose of this budget? on a path to balance, get us on debt problem with a long-term problem, rebuild the military and put the tools in place so we can maximize economic growth. the crown jewel growing this economy, regulatory relief, you saw what we did with the choice bill. we have tax reform, higher wages to get people going to work. that is really important, that is what this budget is about. we have lots of priorities the best we have debate about. we have family conversation you have every year when we have a

resolution on that, you'll know. deirdre? >> [inaudible] do you have complete confidence in mueller? >> i don't know his team. i know bob mueller. i have confidence in bob mueller. >> last question. >> way in the back, yeah. >> two parts. [inaudible] convey your opinions to the president that you can -- [inaudible] >> there is no debate going on here you're saying. >> you're creating a debate that is not happening. >> this is rumor you heard last night. there is really not some big debate occurring on this. >> [inaudible] >> you're creating like i said, creating a debate not occurring here. this is something that was rumor came out last night. >> health care and you're creating a rumor that is not happening. >> kevin made a good point here. look what we're doing this week. we found out three years ago

veterans were dying on these waiting lists that were occurring at the va in arizona and all around america. so we uncovered a scandal. we realized when we were uncovering this veterans scandal we couldn't even bring accountability to the va. they couldn't fire people who were grossly negligent in their jobs. what are we doing? we're fixing this problem today. what did we do last week? we passed choice act. repealed and replaced dodd-frank. too big to fail, ended bailouts and brought needed regulatory relief for community banks to help small businesses grow. what we're working on next week? the skills gap. so people get the, the point i'm trying to make is, put this all into perspective. we're focused on solving people's problems. what the american people want to know is the government is working. yes, these issues, i'm not saying this isn't important, these investigations are important, they need to be independent, they need to be thorough, go where the facts go but we also have a duty to serve the people that elected us to

fix the problems that they're confronting in their daily lives. that's what we're doing. thank you. >> thank you. stuart: a little nugget that emerged from speaker ryan's press conference there, didn't last very long. the nugget is, he believes the crown jewel of the legislative agenda is tax reform. he used the words tax reform. he also said what is going on today in washington with the hearings is a distraction from the president's legislative and growth agenda. come back in again, louie gohmert. terribly sorry interrupted you there. i do apologize. >> that is fine. paul is exactly right. these hearings are nothing but a distraction. democrats made clear they want to do everything they can to prevent the trump agenda from going forward. we do need tax reform and we have to cut the heck out of taxes so we can get this economy going again. and there are jobs out there, going back to the earlier subject. the federal government was the problem.

we had vocational training in high school. i was just at timpson high school a few days ago. they're putting it back. since 1979 when carter created the department of education, high schools had to get rid of it. now thank god we'll get back to it. trump and ivanka are exactly right on that. one thing the speaker said i totally disagree with, well i can't disagree he has confidence in mueller. what i'm bothered about, he hasn't bothered to educate himself on the massive problems with mueller. he, comey created the opportunity by leaking, by potentially committing a crime, and also colluding with others in the department of justice and mueller was his good friend. what molly hemingway is, had a great article, i had no idea how dirty this mess was involving comey and mueller over the years, but it was comey that

pushed john ashcroft to recuse himself so comey could get his child's godfather to become the special counsel, you may remember, fitzgerald. and fitzgerald knew when he took the position, that richard armitage was the leaker but he still spent millions of dollars, wasted time. comey was at the bottom of that. and comey manipulated through this leaking to get a special counsel when we don't need one. we know now for sure there is no collusion between this administration and russia. let's at least stop that facade. let's stop that distraction. get rid of mueller. he is dirty. he created all kind of problems. there were people, we celebrated one-year anniversary of orlando and mueller could have stopped it but he purged the training materials in the fbi so fbi agents don't know what to look for when they're looking for radical islam.

that is mueller's fault. stuart: what do you make about the speculation today there is a memo from former attorney general loretta lynch to the dnc promising to get rid of the criminal investigation of hillary clinton? wouldn't that be, if it is proved, if it is seen and if it is shown, that would be the obama administration intrudeing, interfering into the election? >> we knew from comey's comment about attorney general loretta lynch she did interfere. this loretta lynch's justice department and holder's justice department obfuscated for eight years to cover up "fast & furious." so many different scandals. so, the only thing that was surprised me is that they were sloppy enough to have a memo on this issue because we know what the tradition is, we've seen it with hillary clinton. if you have evidence, you destroy it, even if you have to take a hammer to beat the heck

out of your cell phone, you destroy evidence. when comey said previously he didn't see evidence of intent, my goodness, as a judge, i was allowed to instruct the jury that if one side, one party has possession of evidence and it is destroyed by them, then the jury, i could instruct the jury, you can consider that's evidence that they intended to hide the evidence and the evidence was, would convict them. you can tell the jury that kind of thing. stuart: really turning around. not so much russian intrusion. it might be obama institution. >> we need an investigation into mueller and comey, what we need. we don't need mueller. stuart: got to run. thank you. >> thank you, stuart. stuart: to the markets please. we have a pop for tesla. it got an upgrade. now that is a pop 1/2. that stock is up 13 bucks, 372. that is tesla really moving up today. now this.

an uber official at the center of several controversies has resigned as former attorney general eric holder gets ready to release a report on the company's problems. tracee carrasco joins us with more on this what do you have, tracee? reporter: meeting with travis kalanick and uber employers and former attorney general eric holder will start at 10:00 a.m. pacific start time. we're expected to learn what holder found in the internal investigation into employees as far as discrimination, bullying and misconduct there. now so far what we think will come from that, new hr policies, new training and the dismissal opinionly of the, resignation of he emil michael, that is the chief business officer and possibly leave of absence for ceo travis kalanick. stuart: is the allegation that essentially uber was run like a frat house and that is not good enough in today es day and age, and changes have to be made, is that roughly the conclusion we're expecting? >> i think so.

they are, kalanick may be stepping down temporarily. you have the chief of business, he is stepping away. so i think they realize it starts at the top, they need to make those changes. stuart: we'll find out for sure 1:00 eastern, 10:00 pacific. tracee, thank you very much indeed. retail ice age, the mall of the future, no stores. instead it will be filled with churches and schools and other enterprises. we're all over this one. uk prime minister theresa may meeting france's new president emannuel macron tonight. hoping to make an ally before "brexit" talks begin. nigel farage will have a seat at the table. he joins us next hour. dearthere's no other way to say this. it's over. i've found a permanent escape from monotony.

together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia

♪ stuart: don't know what it is but i like the music. check the big board. all-time high for the market, 21,300 moments ago. backed off only a fraction. big tech names a rebound, apple, amazon, facebook on your screen. all of them up not much but they're up. same story with microsoft, netflix, they're all up. not much but they are up after two days of heavy selling. i have breaking news. north korea released a. liz: the student was sentenced to 15 years of hard labor. he was apparently medically evacuated he is in a coma. reports are he in a coma about a year. develop ad case of botulism soon after his arrest and trial march of last year. he was given a sleeping pill. reportedly he has been in a coma ever since. but he is headed home to his family in suburb of cincinnati. stuart: good lord.

>> tracking tracking that story. stuart: thank you, liz, thank you very much. retail ice age. new report claims that the mall of the future will have no stores. instead it will be filled with churches or schools or other non-retail businesses. joining us now, is the ceo of and chairman of wwitcoff you know a thing or two about real es state because you do that for a living. >> yes. stuart: i can't believe the malls as they now exist, retail space is gone forever and rents will be at same level. i have to believe that rents will collapse. >> you have to reimagine malls. developers will come in possibly more residential and possibly hotel. they will be more interactive. many of these malls were developed 30, 40, 50 years ago, they have to be modernized to reflect new uses. stuart: what do you do with the malls that you already got?

you will not renovate the whole lot of them? >> some will be difficult. we're on a transaction now, a very similar transaction on a mall that needs to be reimagined. it is too dense with retail. it needs different uses to encourage more -- stuart: so we have reached that point where the online businees is somportant that the brks and mortars, the malls, they really are in decline? there is no stopping it and you've got to rearrange the shopping malls of america? we have reached the point? >> i think yes, in some respects, yes. there has been overbuilding. but that typically happens at times and people come in and they reimagine it and they do good things with their real estate. stuart: this reimagining, give me an idea what the mall of the future will actually be like. what services will it provide? churches and schools, what's going on here? >> i think that, i think what's going to happen is, first of all the retail will change. so you're going to have experiential retail,

aspirational retail, people feel they're having a good, fun time when they come. almost a little bit like times square. what you go to times square there is experiential retail there. you will see a lot of that. on top of that, stuart, you will see more residential come into these malls. stuart: building apartments in conjunction with malls? >> yes, yes. we need density out there. that is natural place for it to happen. that is a natural place for affordable housing to happen which of course is laudable thing to do. stuart: it is a real sea change, isn't it? this is like day and night here? >> it is. but the glass is half empty outlook is, wow, it is problematic. the half-full outlook is, there will be good things to do, jobs get created and construction workers get to work again. you know things of that sort. stuart: now i have to bring this to your attention. you know about this already, attorneys general of maryland and washington, d.c., they're suing president trump. they claim he violated the constitution because he accepted

foreign money at trump hotels after he took office. what do you make of that? you're in the hotel business? >> yes. stuart: you're in the real estate business. you know mr. trump and his colleagues. what do you make of this. >> it is preposterous. first of all, it is a disincentive to anyone, any developer who takes risk and responds to an rfp. that is what this was. he took a lot of risk. he won the right to redevelop this hotel in a transparent process. he ought to be commended for that. created a lot of jobs. i would say to you, bring a fox news team down to that hotel and ask those workers who go there every single day and make a living to put food on the table for their family what is they think about that hotel? i would imagine that everyone would say, i'm really glad that the trump family went out there and built this hotel because we have a real livelihood as a result of it. stuart: you're in the real estate business. you're a new yorker. make a judgment please. how good a real estate developer

was donald trump? >> well there was, i was interviewed in the london, in "the financial times" when i finished a deal in the early 2000s, they asked me how i compared myself to jerry spire. i can't compare myself to jerry spire. i have a small business as compared to his. they asked me how i compared myself to donald trump. and i said, i think donald trump is the best residential developer i know, not because he knows how to market correctly. because he does. he is clearly knows, he has that gift. but because his dad, who i knew, taught him the nuts and bolts of development. that is what i think the president or donald trump doesn't get the right credit for. i think he a great developer. stuart: you have to be a tough guy, haven't you? you have to know how to negotiate? >> yeah, you want to be fair and honorable and ethical and person of your word and a handshake guy. i think he is all of those things. stuart: but it takes the business approach to the oval office, that is sometimes runs

him into trouble i think. >> it does but i see the similarities between the two. stuart: a lot of people do. >> trying to bring people together, human beings get a result that is favorable. stuart: steve, pleasure to have you on the show. come back. >> thank you. stuart: now this, "the new york times" is standing by, standing behind the production of julius caesar shakespeare in the park. if you remember, you're seeing it now, president trump look-alike is stabbed to death on the stage. joining us now, live, on the radio, brian kilmeade. you know, brian, i'm sorry, but i can't believe this is going on, time warner, parent of cnn, and "the new york times" are still supporting shakespeare in the park and somebody had the idea of dressing the lead character up to look like donald trump. a group of people had to make the decision that this was okay and "the times" is okay with it. i'm frankly appalled. how about you? >> absolutely. time warner is actually doing

it, a couple of banks backed out. some of these corporations backed out. get this, stuart, those banks are being now, they're being for backing out, the trump people are happy but guess what? the other people aren't happy. the democrats aren't happy. they will start boycotting bank of america and others said i can't be a part of this anymore. this is such a joke. shakespeare in the park, there is so many plays to see indoors. go indoors and watch a play? number two is, for them to do this, have an assassination of donald trump, why is that ever okay? remember, this was, gerald ford was shot. ronald reagan was shot. bobby kennedy was assassinated jfk was assassinated. this was something almost prevalent earlier on. thankfully we're getting over this, but in this age of terror strikes, why give someone even the idea who is on the edge? stuart: brian, this shows the absolute contempt, i think it borders on hatred that the elites feel for donald trump.

somebody made the decision that they would convert julius caesar, the classic shakespeare play, into a modern version, and portray the stabbing to death of donald trump. someone made that decision. a group of people decided this was just fine and dandy. i think it is way over the top. i'm just appalled at this. but i got to move. i know you're busy. we're on the radio. >> we're not on the air we always take shakespeare. this is odd to do it on television for the first time. stuart: ettu, brute. golden state warriors, brian, despite all the stars, it was not very close series. i think i'm capable of saying that even though i don't know dw much about basketball. >> as much as basketball, millenials and very healthy sport, this is one of the most unhealthy situations in the history of the nba a. everyone knew these two were playing in the finals. there was no close series all the way throughout. here are the conference

championships. golden state lost one way entire way. golden state is a great story, but the fact they weren't tested even in the finals is not a great story. the nba needs drama. every support does. when you add the second best player in basketball to the runner-up champions in kevin durant and he outplays lebron james, you get this championship. i think you got to be favored to go back-to-back. nba has got a problem. they do not have competitive teams throughout the eastern conference and western conference. they have to get somebody else to play. look for cleveland to probably add carmelo anthony from the nix to get their version of a kevin durant -- knicks. their version of kevin durant. stuart: he has a four-day visit, it is about pot coin, a currency used by marijuana people. what do you make of rodman? >> i hate when he steals my

t-shirts and goes to north korea. it happened again. rodman missed last game of the nba. great news an american would be released what would be 15 years of hard labor. whether it was related to rodman i don't know. when we send our most bizarre american to meet the world's most bizarre leader you might have an outcome that is somewhat related. whatever it takes he is the one american they can relate to. let's see if he keeps his shirt on during the entire visit. that would be a rarity. stuart: i have to leave you. got to tell you, young mr. warm brier has been been released by north korea. he has been in a coma. medical evacuation the way he got out. brian, thanks for joining us. see you next week. >> thanks, stuart. stuart: next we have coarse coal, opening the first coal mine in pennsylvania in six years. one of the president's campaign promises. bring back coal.

ceo ofcourse coarser coal is next. >> brand new opening of chaos at that coal mine signals a new chapter in america's proud coal mining tradition. congratulations to coarser coal, and each of miners. every day i'm fighting for you and all the forgotten men and women in our country.

♪ reporter: i'm cheryl casone live at the nasdaq marketsite in

times square. a little reprieve of technology stocks. nasdaq lost 3% between friday and monday selloffs. now rebounding a little bit, up half a percent. that is the index. we're watching key names all making slight comebacks if you will. these are stocks which lost between three and 8% over last few days. names you know. taking a look at apple up half a percent. microsoft up about 1%. stuart loves that. alphabet parent of google higher, facebook. netflix despite concerns about netflix spending too much money for content and canceling series, not getting streams, netflix is trending higher. we continue to follow on fox business. dow potentially hitting record territory. i'm cheryl casone. more "varney & company" coming up after a quick break. ♪

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>> at this point have you seen any evidence of good cause for firing of special counselor mueller? >> no, i have not. stuart: that was deputy attorney general rod rosenstein just moments ago in a budget hearing. our own adam shapiro is on capitol hill for us. what was he referring to? spell it out, adam? reporter: there have been articles in the press this morning and last night that president trump, stuart, has considered firing special counsel mueller but those articles seem to be very weak

because as it was pointed out, this was coming from a friend of the president who is the man who runs newsmax and that he had never had any discussions with the president. that he was basing all of this upon watching a lawyer for the president on television network program. so there was no discussion about firing robert mueller and yet the media went to town last night and this morning over the possibility the president would do that. jeanne shaheen, you saw the senator at select committee on appropriations where attorney general, where deputy attorney general rosenstein is actually testifying asked about all this, first, you heard him say there is no good cause to fire mr. mueller. second, only the attorney general could do that. the president could ask for that, only attorney general has power to do that. remember jeff sessions recused himself. it would fall into the lap of rod rosenstein. he has said he would only do it if there was cause. and right now he is fully

confident that mr. mueller will have independence to do the investigation. so the bottom line is those news reports that were kind of hyperbolic last night and this morning seem to be false. we just heard it from the only person who has the authority to fire mr. mueller. stuart: otherwise known as fake news, i do he declare. adam shapiro, thank you very much for joining us sir. appreciate it. good stuff. western pennsylvania, home to have brand new coal mine, the first to open in that state in six years. it is operated by corsa coal. the company's ceo, george dethlefsen joins us now. george, you got the first new coal mine in pennsylvania in six years. everybody is saying president trump can not bring back coal jobs the way they used to be in pennsylvania. what say you to that?would say t president trump can set the business climate for coal in a positive way. he can drive economic growth. he can drive tax and infrastructure spending, tax reform, infrastructure spending. he can loosen the regulations on

coal. he can set a positive tone at the top of government for coal. which then sets the stage for producers like us to develop new mines. stuart: what is so special about this new mine that you have just opened? why is it that you think you can make a profit where most others say they can't? >> we've got a low-cost set of assets, some of the best coal quality in the world. we have a geographic proximity to the pittsburgh, cleveland, ontario steel-making markets. we can get our coal out on the ocean through baltimore and norfolk, virginia. we have a great team of miners, great equipment, that allow us to sell metallurgical coal to the steel industry. stuart, steel industry is quite strong. steel production at record levels. conditions are quite favorable to open up the new mine. stuart: new numbers from the census bureau the mining industry had it is first profitable quarter in two years. the first quarter of this year mining operations, corporations, profits nearly $2 billion in total.

compares to last year when corporations lost a lot of money, like $27 billion. seems like an awful lot of money. is your company experiencing this kind of financial result because that is extreme? >> we absolutely are, stuart. we had the best quarter, financial quarter in our company's history in the first quarter of this year. we'll have another great quarter in the second quarter. prices are at levels we haven't seen in several years, owing to strong economy and economic outlook. stock market at all-time highs. buoyed by a very strong steel market which is the ultimate demand driver for our coal. stuart: do you think you can command a good price for the coal? after all, the president is unleashing american energy in all its forms? you're going to be competing with natural gas, maybe with oil, maybe with nuclear but you're certainly in competition with other cheap fuels. how are you going to hold your head up over a long period of time in that environment? >> well, stuart, 2/3 of what we

produce is metallurgical coal. so it is sold in the steel-making industry. natural gas, renewables, hydro is not replacement in the steelmaking process for metallurgical coal. we have a protected niche in the met coal space we can compete effectively in. stuart: george, thanks for joining us with corsa coal. we appreciate you being here. okay. coming up, comedian adam corolla, he has a new movie, called, quote safe spaces." suite gel his take on the shakespeare in the production's new production. stay with "varney & company."

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reporter: i'm adam shape in washington, d.c., it was supposed to be a budget hearing with the senate subcommittee on appropriations. the deputy attorney general rod rosenstein is testifying but democrats are asking several questions about the russia investigation and special counsel robert mueller. there were stories last night and this morning which have been discredited that president trump was considering firing mr. mueller, but the man who was the source of those stories never had any discussions with president trump. still, senators on the committee are asking rod rosenstein about

that and here is what just took place 15 minutes ago. >> at this point have you seen any evidence of good cause for firing of special counsel mueller? >> no i have not. reporter: so the exchange about potentially firing the special counsel got how that would actually work. as mr. rosenstein pointed out, only the attorney general can fire a special counsel under the statute, but since mr. jeff sessions who will testify on capitol hill later this afternoon has recused himself from the russia investigation, that duty would fall upon rod rosenstein. he has said that he expects mr. mueller to have full independence and sees no good cause for him to be fired. so the stories that were in the "new york times" and other publications about the potential for president trump to fire robert mueller, again, the administration says, the man who is the source for those stories never had any conversations with president trump about them. we just heard from the deputy u.s. attorney general that there

is no good cause to fire robert mueller. again, jeff session, the attorney general, who recused himself from the russian investigation will testify before the senate intelligence committee at 2:30 this afternoon. we'll be covering that for you here on the fox business network. we will let you see what jeff sessions has to say. the news this morning at what was supposed to be a budget hearing for the department of justice has turned into several questions about the russian investigation as democrats are becoming very aggressive and asking about it. more "varney" right after this. think again.

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stuart: today, president trump travels to wisconsin where he will deliver two very important messages. first, college is not for

everyone. it is about time someone in authority said that. for generations we've been told that a four-year college degree is the way to success. okay, it can sure help but if you emerge with a skill you can not apply, and a mountain of student debt to pay off, you've got a problem. not everyone is academic. let's take this head-on, shall we? isn't there a degree of snobbery on display here? the elites look down on people who work with their hands. they have no time for them. second, the president is pushing apprentice ships, vocational training, teach people skills they need to take well-paid jobs currently going unfilled. teach them how to take those jobs. remember, the ceo on this program who told, told us that workers at his operation make an average of $83,000 a year, that was just a couple days ago on this program, you don't need a college degree for those jobs.

you need a skill. i hope you saw a media guy yesterday. he told the labor secretary that apprince tisships are like indentured servitude. you really can't win. however, instead of watching the swamp at work with jeff sessions later on today, listen to the president. he is doing something that affects us all. the third hour of "varney & company" is about to begin. ♪ >> the question is, where exactly do you see these apprenticeships, because most of the complaints against it is low-paying jobs and not higher education jobs that you need and amounts to nothing more than indentured servitude? >> that is factually wrong. if you look at the department of labor data the average starting salary of an apprentice is

$60,000 a year. that is higher than a college graduate. stuart: indentured servitude. you heard it. that was the exchange between a reporter and labor secretary alex acosta. today president trump is in wisconsin, he is pushing vocational training, apprenticeships, as an alternative to college. we're asking is a four-year degree really always worth it? with us now, "new york times" best-selling author, american mojo lost and found, his name is peter kernen. what do you say, peter is college for everyone? >> it is not for everyone. what troubles me, the whole purpose of my book to be honest, most people talk about jobs have no idea, person asked that question has never created a job in his life. the answer is of course college is great and mckenzie study we'll need 10 years, 1 1/2 million more college graduates we have right now. the college graduate unemployment rate is 4%. fantastic. however, one of the things that we should be looking at is not

the jobs report but the job openings, we're creating millions of good-paying jobs where people don't have the skills. going to junior college, going to vocational schools, going to places where you learn the skills can match people with individual jobs open and available. they don't need genius being created. that is the where the question is completely off the mark. stuart: stop looking down for people that work on their hands. >> by the way they're the ones who make everything. stuart: exactly. peter hold on for a second. look at big board, ladies and gentlemen, dow earlier today, is a brand new all-time high. it crossed over the 21,300 mark. it is actually on track for a record close as well. now, the real story of the day is the big tech names which follow very carefully, up today, most of them, apple is giving a little ground. modest gain for microsoft, facebook, alphabet along with netflix. modest gains across the board with big name technology stocks

which are badly beaten down for recently. peter, you're the investment guy. are any of them a buy at the current price? >> i have to say one of the things that was an opportunity last week finally wall street proved it didn't have the only pyrotechnics going on in d.c. it did have a rout in technology stocks. some of them were down 9%. i bought two of them. when you see a stock like amazon down 90 points in two days i bought. the fact if you look at those stocks, people who say there is a bubble, you don't have a bubble with five stocks. there are over 6,000 stocks that trade on the new york stock exchange and the nasdaq and those besides the five, are worth $24 trillion. so there is a lot of value away from amazon. five are worth 3 trillion were down between 3 and 8%. that's healthy. why? because if you look at the 8 1/2% gain in the market this

year and the s&p, 40% of it came from those five stocks. everybody owned them. your mother, your brother, your sister, your son, everybody bought them. some people took some profits. good for them. but i don't think this is the end of the world as we know it. all those people like deutsche bank down 5%, don't you believe it. nothing has changed. earnings, don't pay attention to the sessions, not for investing, earnings what drive the market. stuart: you were right on "brexit." you were right after the election. looks like you're going the right way on the big five technology companies. >> apple and couple others are little laggard. microsoft is hanging in. like the performance there. stuart: you did well on amazon. >> god bless amazon. stuart: peter, stay there. you're with me for the hour. thank you very much. now this, president trump dealing with delays to his agenda in part because of what we're going to call distraction by the left. bring in bill harlow, former cia public affairs director.deal, hd

the president deal with these distractions, that is the question, isn't it? here you are, the mt. of the united states, you're under attack from your political opponents. it is holding up your domestic denned ga, what would you bill harlow, do if you were the president? >> it will be very hard for him. he needs to quit responding to the media detractors and give them what they're looking for. every time they ask a question about the ongoing investigations, he ought to remember the words, there is an ongoing investigation. inappropriate for me to talk about it but let me talk to you about tax reform. stuart: that is not the way he is, is it? he is not that kind of guy. he is a counter puncher. that is what he does. >> constitutionally not one written by our founding fathers, but his own internal constitution prevents him from doing that. because he can not not punch back and everyone around him seems to be punching back, family members, staff members,

giving opposition what they're looking for, reason to move those stories to the top of his agenda. moving those issues he wants to talk about to the back pages if they're in the media at all. stuart: some people say, stop the tweets, stop them completely. would you compromise and say, don't put out a tweet unless somebody else has vetted it first? >> certainly needs some vetting. i don't think there is any problem with a tweet that says happy father's day but tweets that fan the flames of stories going on now about investigations certainly don't help his cause at all. stuart: you how about uber? total change of subject. uber rather, i know you're familiar with this. travis kalanick, ceo, may be forced to take a leave of absence. one of his top executives is resigning. what advice would you give to a company like uber, a brilliantly innovative company but it has pr trouble from within? what would you do with them? >> right. the problem with uber is, they have a brilliant business model and a stupid corporate culture

and from the latest reports, seems that the corporate culture stems from the top down. so it is not surprising that the board is thinking about giving their ceo a time out because of the juvenile behavior of the corporation. stuart: do you think he ever comes back? if he takes the time out will he come back? >> it will be very difficult to come back. the corporation if it does well in his absence, why bring him back? if it does not do well, it will convey the impression that he damaged it so badly it couldn't be fixed. i think the corporation needs to start doing things proactively, we tell our clients at 15 seconds be the storyteller. they have to find stories that they can tell, positive stories about uber, help slowly move the negative stories out of the headlines. stuart: a guy who used to run pr for the cia is able to handle all kind of subjects. so far you've done the left trying to block the president, you have done uber and travis kalanick. try this one. tiger woods reportedly returning to rehab following that dui

arrest last month. will that, the public admission going back to rehab, does that help him? >> well you know with tiger i don't understand, professional golfer, you would think he would understand drivers, he ought to get a driver or uber or something, so he doesn't get into these kind of situations. he has gotten himself into it. he can't go back to do apology, press conference apology, tried that six or seven years ago, and it didn't work. keep his head down, keep his niece bent, hope for the best just like putting. he used up eight 1/2 of his nine lives now. stuart: he has to withdraw from public life, is that your statement? >> for a while until he has his case, his act back together again. i think apologies and the public appearances haven't worked before. so i don't think that will work second time around. stuart: bill harlow, former ciapr guy casting all kinds of

ideas around here. thanks so much, bill, see you real soon. >> thank you, sir. stuart: coming up, tell you this, adam corolla will join us. he ask one of the men behind the documentary, quote no safe spaces." meant to attack safe space culture on campuses. he joins us shortly. nine -- nigel farage, may get a role in the negotiations of "brexit." he is next. ♪

stuart: our next guest, key player in the "brexit" movement. there is a report that says he could take part in "brexit" negotiations. that's a shocker, isn't it? fox news contributor nigel farage is with us.

nigel, tonight i believe -- stop laughing. tonight i believe prime minister may meets with the new french president emannuel macron. i guess they will talk "brexit." have you any involvement in those talks what so? whatsoever? >> this those stalks i have no involvement whatsoever. however in the european parliament, i'm talking to all the key players. i have to say in the course of the last week things have changed. you know a week ago 70% of the british people had a settled view we should leave the european union whether they voted for it or not. now, after this disasterous general election, the perception here in brussels is that theresa may and britain are actually playing with a very, very weak hand. so, yeah, things are not as good as they were. stuart: does this, what about the british, are they still committed to leaving the european union?

>> well, i have to say that the mood music since the general election has been alarming to people like myself. there is now talk of a significant watering down, to what is called a soft "brexit," which sound all very jolly and lovely. are we going to leave the european union? yes, of course we are. will we leave the treaty of rome? yes of course we will but there is a real possibility we'll finish up in two years time, still paying money. still with their courts having to say, still having their laws, maybe even open, free movement borders. so, let's put it like this. i felt this time last year we climbed a mountain. i feel we're halfway back down there again. stuart: okay. i have got to talk to but the british election, the socialist, left-leaning social it labour party picked up a lot of votes especially among young people and minorities. can you explain this?

why do the brits favor 1952 socialism all over again? what is going on? >> marxism is very appealing if you have never been exposed to it before or see what history has done with it. corbyn went around saying to our students, look, i will wipe away all your tuition fees. i will promise you a land where there will be money for this, money for that. it will all be absolutely lovely. people were, young people are very attracted by it. can i say many of them were so attracted by it, they actually voted twice. they voted once where they live. secondly where they're students. so that needs a bit of looking at. stuart: i would think so. one more for you nigel. senator john mccain here in america, republican, says former president obama was a better american leader than president trump. what do you make of that? >> i think senator john mccain

is a fully paid up member of the bitter and twisted club, and even if donald trump was able to, you know, produce a few fish and a few loafs and feed the 5000, i think senator mccain would still criticize him. i have to say, that i now disregard virtually everything that man says. there is no doubt that after that nine-day tour that trump took, in particular, the speech in riyadh, he is has established himself overseas as a man of some considerable measure and, the critics from "the new york times" and everything else, can say what they think but when trump traveled around the world, believe me, people actually noticed. stuart: we hear you, nigel farage. thanks for joining us as usual, nigel. we will see you again very soon. that is a fact. peter kernen, former goldman sachs guy you were listening to all of this, what do you make of it? >> the last part i have been

involved with vietnam veterans, while john mccain may be grumpy he spent enough years in the hanoi hilton to give him some room. i'm not there. i don't agree with what he is saying. trump, we're in very early innings. what strikes me what is going on here, in retrospect, prime minister cameron, mateo renzi in italy, all called for elections they thought would meaningfully advance their cause. 0-3 each one was nearly out of office. i think theresa may was well-positioned to be a dead woman walking. she has a lot of problems. i don't think the relationship with the northern ireland group will be particularly robust. may be very robust for northern ireland. she can meet with macron. i don't think we'll hear end of it. soft "brexit" is like soft boiled eggs. i don't know what that means. when you get a divorce you divorce. the notion you do it softly, gingerly, gently, when the eu is

negotiating hard against you because they don't want other people to do it i don't think they had the recipe. they had it. they lost it. her fault. stuart: peter, strong stuff. stay there please. nba hall-of-famer din necessary rodman is in north korea. he said he is friend of kim jong-un and he is trying to open a door for peace. one of the men behind the documentary, "no safe spaces," adam corolla, he will be here late this hour if college is worth it. first here is a clip from the movie, "safe spaces." >> the epicenter of free speech was college campuses, the very same place that advocated, fought, a couple of people actually died at kent state for free speech. now are shutting down everybody who disagrees with them.

[cheering] >> redemption for golden state. one of the great playoff runs of all time! stuart: the nba golden state warriors, they won, champs again, clinched their second title in three years. it was game 5 against the cleveland calves.

steph curry, 34 points, 10 assists. final score, 129-120. arizona slammed by nearly 30 wildfires as of right now. thousands of firefighters from eight states on the scene. fires, some of them, ignited by lightning, all of them fueled by gusty winds. more than 200 square miles in arizona burned so far this year. sean "diddy" combs, taking the top spot in the "forbes" list of highest paid entertainers. he beat out beyonce for first place. diddy made 130 million in the last year. even though he hasn't release ad much music in the last decade. a good chunk comes from the his sean john clothing line and ciroc vodka. apple's chief, tim cook, that apple is working on software for self-driving cars. apple recovering a fraction of

recent losses. imax, laying off 14% of its workforce. cost cutting initiative. the market loves it. up 5%. facebook changing the way users get news or proposing to do that. they're building a new feature where you subscribers would pay for a fee to get news. will you pay? sony says it sold more than 60 million playstation 4 game consoles the last three years and a million virtual reality headsets. sony down a fraction. back to politics. there is speculation about a memo from then attorney general loretta lynch to the democrat national committee. in it she reportedly said she would end the criminal investigation into hillary clinton. you can't do that. judge napolitano is next. ♪ at fidelity, trades are now just $4.95.

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stuart: well, look at this. earlier today we hit a record intraday, as it's called, all-time high. the dow went bo 21,300 -- above

21,300. it's on track for a record closing high. records all over the place today. how about those big tech names? yes, they are coming back quite nicely. not much, but a little. apple, alphabet, facebook, microsoft, netflix, big-name techs. the only one that's down this morning so far is netflix, and that's down all of eight cents. let's get to politics. that's our bread and butter as well as money. new speculation about a memo from then-attorney general loretta lynch to the dnc. in it reportedly she says she'd end the criminal investigation into hillary clinton. now, the reporter from circa, sara carter, she broke it down on hannity last night. roll tape. >> we know that lawmakers were briefed on a meeting that former director comey had with loretta lynch where he confronted her not just about the tarmac, but

about a sensitive piece of communication. it was a piece of communication between two political figures that basically alluded to the fact that loretta lynch was going to put the kibosh on any type of investigation against hillary clinton. stuart: i think that's dynamite. let's see if judge andrew napolitano agrees with me. i think he's going to probably -- >> oh, no, no, i think it's dynamite as well. but it's also almost unbelievable. if you and i were going to commit a crime -- stuart: yes. >> -- would we reduce it to writing in an e-mail? that is basically what this reporter -- she has her sources, the woman you just, the tape of whom you just ran -- says occurred when deputy attorney general lynch supposedly sent an e-mail to congresswoman debbie wasserman schultz who was the then-head of the dnc saying, don't worry, we're going to bigfoot the investigation of hillary so she'll be free and clear by election day. stuart: yeah.

that is dynamite -- >> it's a felony. stuart: it is dynamite. that would mean that the obama administration interfered in the election. >> yes. stuart: just as they're accusing the russians of interfere anything the elections. >> precisely. and that would mean that the chief federal law enforcement officer of the land, the person responsible for prosecuting people herself committed misconduct in office. or, let me be really frank, there is enough evidence to commence an investigation about whether there mrs. lynch commitd misconduct in office, defined as an improper basis for a governmental decision. the improper basis is not to enforce the laws, but to help hillary beat donald trump. stuart: okay. this afternoon jeff sessions appears before the senate intelligence committee. >> yes. stuart: he'll be answering questions. everybody's going to watch this, got it. what legal jeopardy could jeff sessions place our president in or himself? >> i am sorry to say that i

think he's in a very, very tight position. he has a client called the department of justice, he has a colleague, friend and patron called the president, and he has his own reputation which will be challenged by allegations of perjury, and he has to protect all three. he may find himself in a position where he is not able to protect all three, and for that reason i have been arguing this is an imprudent -- i say this with deference and respect, he's a very smart lawyer. your next guest or a guest coming up in this half hour knows him very well in law enforcement in alabama. so he knows how to handle himself. but he's really walked himself into a corner. stuart: but he wants to defend himself. it is alleged that he had these improper meetingsing with the russian ambassador before he became attorney general. he's going to defend himself. >> okay. i don't think it's alleged that the meetings were improper -- stuart: they were reported. >> they were not accurately reported which is a federal crime.

so he's going to have to demonstrate he misunderstood the question. it was so routine, i forgot about it. if somebody asks me under oath how many times yesterday did you see stuart varney and i was with you alternative and i said eight -- with you ten and i said eight, i don't think i'd be indicted for that. stuart: no, neither do i. >> okay. stuart: jeff sessions may be? it's incredible. >> no, i don't think he's going to be indicted, but the democrats, i assure you, are going to accuse him or perjury right off the bat, keep his back to the wall. stuart: so once again the key business of this nation is going to be sidetracked whilst we discuss the meetings that sessions may or may not have held with the russians and may or may not have reported properly. >> sadly, true. stuart: that's extraordinary. >> yes, it is extraordinary. you can see the president's frustration which you, as well as anybody in the media, recounts every day. health care, undone. tax reform, undone. all these other regulations he wants to get rid of birdies

mantling dodd-frank, undone. while the president hunkers down to defend himself fromunproven, unsubstantiated allegations. stuart: and yet we have to admit that part of the damage has been done to himself by president ump. and that's reality, n't it? >> can you control his use of the tweets? stuart: i've not even tried. [laughter] i doubt that i'd have any influence whatsoever. >> yes. he did tweet about loretta lynch this morning, and in my view, he's 100% correct. stuart: can we put that on the screen? that's germane to the rest of today. right around 8, 8:30, i think, it came out. >> yes. stuart: i can't remember verbatim exactly what he said. he was basically saying, look, there's new evidence here, it's totally illegal, big deal. >> yes. stuart: that's what he was saying. >> it is a big deal. but will it be made into a big deal? you know who could make it into a big deal? the witness today is the chief federal law enforcement officer of the united states.

he could very well say open up an investigation on my predecessor. unprecedented, but he could do it. stuart: he could say that? >> absolutely. stuart: in answer to a question he could say that? >> he could -- no, no, no. he wouldn't make it public. after the hearing -- stuart: oh, okay. >> -- he would go back to doj and say open up an investigation on whether or not my predecessor committed misconduct in office, because we don't reveal the existence of these investigations so as to protect the innocent, because there may never be an indictment. we only reveal it when an indictment comes unless something's leaked. stuart: you lawyers -- [laughter] i tell ya. i tell ya. all right, judge -- >> nice necktie, stuart. stuart: okay, changing the subject. [laughter] thank you very much, judge. appreciate it. see you later. i want to bring in our next guest, alabama senator luther strange. do you think we're going to be the republican party and jeff sessions are going to be in some trouble this afternoon? what say you? >> i don't think he's going to be in trouble. i think judge napolitano is exactly right, the democrats on

the committee and beyond will accuse him of all kind of outlandish things without any basis. but it's all part of an overall pattern that goes back, stuart, to the confirmation hearing jeff had to endure where allegations were flying, very little substance. so i think jeff's going to acquit himself very well today. stuart: i do think it's a shame that our nation's business should be put on hold whilst we spend all of our time looking at james comey testifying, jeff sessions testifying about what, i think frankly, are minuscule matters. that's my opinion. yours? >> you share the opinion of most alabamians and most americans that i talk to who care about getting real, common sense, conservative solutions to our problems. and you've reported on it very well. it's very frustrating that we're not talking about the apprenticeship program the president's promoting today, repeal and replace, regulatory burden facing this country, tax reform. those are things that i hear about. i hear very little, if anything,

about russia meddling in our elections because we have a system that will get to the bottom of that, i have no doubt. we are wasting time at the moment. stuart: now, the state of iowa says it is facing a collapse, that's their word, of the obamacare market next year. they're asking the administration for help. so can you tell us where is health care reform in the senate right now? >> it is actively being debated. it's time for that debate to come come to an end and a pen to come to paper to find solutions that address this problem. alabama's the highest premiums in the nation, triple the premiums in the individual market. it's not sustainable, it's collapsing, as you point out. so i applaud the effort to get a vote by july 4th. we have to stop the talk, we have to come up with a solution that actually fixes real-world problems. stuart: yeah, gotta be careful, because you'll own the collapse if you don't get something done. senator, thanks for joining us, sir. we're obliged to you. >> good to be with you. stuart: any comment, peter

kiernan, sitting and listening in? >> yes, i would agree we've got to be focused on the needs of the navy. what i'm worried about is not just the kislyak meetings -- stuart: russian ambassador. >> i think there's a trap that the sessions conversation is going to sort of bring to the surface, and the trap is this: were you involved in firing comey. yes, i wrote a memo, yes, i had some meetings. how could you be involved in the firing of comey if you'd recused yourself from everything to do with the russia investigation? i think in there is a little bit of a trap. he's a sly fox, i think he'll probably be able to wiggle his way through it, but he could get caught saying, well, it wasn't the russia investigation that was the reason i fired him. honestly, that's what donald trump said was the reason he was fired, so who's the liar, you or the president? it's a very tricky spot that he's in. stuart: yes, it is. all right, peter, thank you. next, adam corole la joins us on his new documentary. the title is no safe spaces. the crowd-funding campaign has

raised nearly $300,000. if they get $500,000, another investor will match it. he's next. >> our commitment to diversity means that nobody graduates until they think just the right way. >> at utopia university, there are no violent words to hurt me. >> i will punch you if you're a fascist. >> i'm going to be the next che guevara. >> we speak out against privilege. >> we've checked our privilege. >> welcome to utopia-u -- >> a wonderful place to learn that everything your parents taught you is wrong. >> it's all here at utopia-u, man. >> it's not based on reality, it's based on your reality. >> hold on a second. that campus doesn't really exist, does it? that doesn't even look like parody to me. you could run that after don lemon's show on cnn, and it would just play like a commercial.

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>> the epicenter of free speech was always college campuses. the very same place that advocated, fought and a couple of people actually died at kent state for free speech now are shutting down everybody who disagrees with them. stuart: that was a clip from the new documentary no safe spaces, one of the people behind that movie is adam corolla. he's going to join us in just one moment. peter kiernan, i saw a picture there of what i thought was berkeley, 1963, the free speech movement. march owe -- mario savio. you and i are of a similar vintage. >> yes, we are. stuart: i remember him as the great free speech leader. he's the late mario savio, i think he'd be turning over in his grave. >> yeah. one of the things that's tough as someone who was in school during the '60s and '70s, there was something really kind of special about being able to say whatever you felt and have someone with responsibility come back and debate it with you. this notion that teachers, some

of whom are not conservatives, who merely host a conservative speaker get beat up and injured as hand in middlebury -- stuart: yes, it did, that's right. >> -- this is the kind of thing that's not acceptable. there has to be some basic ground rules. just because you think you have the right to do it doesn't make it the right thing to do. stuart: it occurs to me that the baby boomers in the '60s, they were the student revolutionaries, the protesters of the 1960s, they grew up to staff the universities with like-minded thinkers. it is you and i, our generation, which is responsible for what's happened in these universities with staff. that's my opinion. >> the difficulty is that we live in a plural world, and that means plural opinions. not just diversity of background, but diversity of view. and i don't think there's the same kind of celebration of diversity of view that you and i were exposed to when we were in school. stuart: okay. i'm going to digress for a second away from safe spaces. look at this, that is a new all-time high for the i dow

jones industrial average, 21,315, an 80-point gain today. i'm going to turn once again to peter kiernan. he's the man who got it right. you remember on this broadcast when we were covering brexit, peter kiernan was the guy who said this is a buying opportunity. he was right. he was with us also on the day of the election, november 8th and november the 9th, and you said this is a buying opportunity. get out there and buy. and over the last two days when those big-name technology coanies have comtumbling down, it's peter kiernan who says it's a buying opportunity. and you're right. >> yes. and i think they move actually nicely. i'm pleased they haven't come all the way back because, frankly, stocks do not go up day after day after day as we've seen with amazon. and i'm thrilled that small caps, the small businesses are starting to rebound, financials, energy, health care. stuart: yeah, look at that. those are the dow big winners, visa, cisco systems, home depot, goldman sachs, nike. all different industries represented --

>> just a little bit of rotation so that there's sort of an equanimity. it should not be that five stocks account for 40% of the game. that is not a bubble but it's not normal. what we're looking for is a little bit of sort of spread the good cheer around, and i think there's still some great opportunities to buy. stuart: you got it. okay. we'll leave it at that. the dow a new all-time high, an intraday high. it hasn't closed at a record high at point, but it's on the way. we'll be back. ♪ ♪ angie's list, we believe there are certain things you can count on, like what goes down doesn't always come back up. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. discover all the ways we can help at angie's list.

stuart: regular viewers will know that i've got a bee in my bonnet about what you're seeing on the left-hand side of your screen. that was shakespeare in the park which is a production of julius caesar, the shakespeare play. they dressed up the central character to look like donald trump, and he was then stabbed to death multiple times all over stage. blood was flying, the knives were out. personally, i don't think there's any room for that kind of thing in this day and age, especially now. i want to get the views of peter

kernan to see if maybe i'm going too far on this. i am, frankly, appalled, peter. >> i think this is fascination fantasy, this repeated d first with snoop dogg shooting a gun and then kathy griffin and now this latest sort of to torturous interpretation of julius caesar. you know, anybody who spent time researching and thinking through and working through terrorist activity as i have, you do not understand the impact that some of these things can have when they're repeated. and it's way out of line. earlier i said just because you have the right to do it doesn't make it the right thing to do. but i think this notion of promoting and fantasizing about a assassination scenarios is not good for us. stuart: dangerous game, indeed. all right, thank you, peter. adam corolla is with us now, one of the guys behind the new documentary no safe spaces. adam, great to see you. welcome to the show again. >> thanks for having me back. stuart: you've raised $300,000 for the movie.

i'm told that if you get together $500,000, you've got an investor who will match the whole lot. is that accurate? >> that is correct. so if we get to 500, we get to a million. [laughter] stuart: that sounds good. and that's enough to get this show on the road and get it launched across the country? >> yeah. and you people should be motivated, because my deal with dennis prager is if we don't get to $500,000, i just get whatever was donated, and it goes right up my nose. i'm in hollywood. [laughter] stuart: you are a comedian, and i think we should remind our viewers of that fact, adam. [laughter] thank you for the smile, appreciate that. i want to bring to your attention something you might know about already, evergreen state college. a professor there was harassed for refusing to take part in a day of absence for white people. now he says he doesn't feel safe teaching. this is the kind of story that you're all about in your movie, "no safe spaces," correct? >> absolutely.

the lunatics have taken over the asylum. i don't really blame the kids. the kids are 19, stoned, out of their minds, had horrible parents, grew up with a steady diet of narcissism. they're just acting out. i blame the faculty. i blame the administration. they're the zookeepers. the kids are just the animals, and they're mixing the hi year thats and the leopards and the gazelles and putting them all in the same pen and wondering what's going to wrong. stuart: i blame, to some degree, my generation, the baby boom generation. we're the people who staffed these colleges. we're the people who make up the people who run, the professoriate, whatever you want to call it. you're right, it's not the kids, it's professors. but what are you going to do about it? >> well, you're going to do what you do in any situation. you're going to be the adult. when you want to take over the library and paint it the color of the pan-african flag, the

answer is, no, get out or we're sending in security. it's not stand down, campus security, don't get the po-po involved and just go ahead and write your list of demands on this two-ply toilet paper and we'll comply with all of them. stuart: i don't associate hollywood with the kind of movie that you're putting out. you really stand out. i don't know anybody else in hollywood like you. >> well, that's the reason we're doing it. the reason dennis prager and i are making this movie is because hollywood would not make this movie, so we're going to make this movie. and, you know, there's a lot of folks, i think, who agree with me in hollywood, but they don't want to get blacklisted. and you rely on other people giving you jobs in this business. it's not really like the aerospace industry where you're very skilled welder and you can get a job at spacex. you have to get jobs from other people x -- and in hollywood you may not get a job if you take

these kind of stances. stuart: president trump, he's in wisconsin this afternoon. he's pushing apprenticeship programs. one of the things he's going to say is college is not for everyone. what say you on that? >> first off, i think he just likes the apprenticeship programs because it's got the name of his old tv show in it. number two, that's all i've been saying my entire life. i never went to college. as far as the students at evergreen goes, here's one white guy who took four years off, never even showed up. i'm a hero. i learned carpentry. stuart: what did you do in your four years? [laughter] >> i didn't do four years, i did 12 years of swinging a hanger. i learned to be a carpenter. now i'm a journeyman carpenter before i got into comedy. whenever we have mike rowe on my show, yeah, it's not for everybody. we need businesses and bridges and infrastructure. we need mechanics.

we don't need everyone going to college. and, by the way, you see what's happening to these people at college. stuart: wait a second, i detect an element of snobbery here. it reminds me of living in england in a class-based society. the elites look down on people who work with their hands. i think a similar cultural pattern has emerged in america. the elites look down on blue collar labor. you're not supposed to make your living with your brain. you're not supposed to make your living with your hands, you're supposed to make your living with your brain. do you detect that here? >> absolutely. it's been going on forever. and, look, when i left high school, unit take the s.a.t.s, i never even took an algebra class. clearly, me and my buddies from the football team weren't going to college. we could have spent that three or four years in high school train aring to be an apprentice, pipe fitting, car pen try, what

have you -- carpentry and got out of high school and had a decent career. so it's turning a blind eye to what is a real problem which is half the people aren't going to college, what about them? stuart: when can we see the movie? >> i think early 2018, and we're starting shooting now. we already went to university of north ridge, cal state-north ridge and did an engagement there, and you can see that at nosafespaces.com. stuart: okay. any idea that maybe you've had some impact already? >> we'd like to hope every day in our own little way. stuart: okay. look, i hope you get to the 500,000, because that would get you to a million. best of luck to you, adam corolla, and come back and tell us how you're doing as soon as you can. thank you very much, sir. >> thanks for having me. stuart: yes, sir. take a look at the big board, we have just reached a new all-time record high, 21,316, i think,

was the intraday high. if we keep going like this, we will have a new record closing high. ironic, isn't it, that at the moment when the market hits a record high, the president and his growth agenda seem to be in some trouble in the swamp. time's up. neil, it's yours. neil: real quickly, stuart, i was catching earlier -- that was a great interview -- but early on you and peter reminiscing about the good old days in college. did you both protest? stuart: is that question to you -- neil: to you. stuart: i did. neil: and what was it, for like more grey poupon? stuart: i was at the londonschos probably the most radical college in britain. we sat around and talked politics all day long as we drank our pints of beer at lunchtime and, yes, i was a socialist. i think it was winston churchill who said if you're not a socialist by the age of 25, you have no heart. if you're still a so