say it's an incredible opportunity for the state, for the world to see this course and what it is. >> it's been great. dagen mcdowell and rachel campos-duffy. stuart over to you. stuart: and the republican shot by a gunman and the headlines. impeach the president. first lady -- the president and first lady melania visited the hospital and steve scalia is now in critical condition. a politically motivated attack. the shooter posted on facebook. he had used violent rhetoric to oppose the trump presidency. 24 hours of the attack on

congressman scalise, the left is not accepting responsibility. within hours of the shooting. 196 democrats filed a lawsuit against the president and no holding back, they're talking impeachment. now, the media almost gleefully reports the president is being investigated for possible obstruction of instruction, officials say. that's washington post, the leading trump hating newspaper. democrats and republicans pledged unity in the hours after the shooting, but now the trump haters being back. the fallout from the toxic politics of the left. "varney & company" is about to begin. ♪

>> president trump made a visit to the hospital where steve scalise is being treated. ashley: downgraded. in critical condition. we told he was going to survive. the bullet hit the hip and went through and hitting organs. it's very serious. he's going to require more surgery to repair the damage. stuart: this time why he had we were reporting he was in stable condition. that changed. ashley: he's definitely in critical condition. stuart: critical condition, ashley, thank you very much. 196 democrats sued president trump yesterday alleging he's violating the constitution by helping foreign money. look at the headline from "the washington post," special council starts investigating trump.

president trump firing back. on twitter, you are witnessing the greatest witch hunt in political history. fox's gregg jarrett is looking into this. you're saying that robert mueller in charge of this investigation is going to resign? >> if this is true, he must resign, you may not serve if you have a personal relationship with any person substantially involved in the investigation or prosecution. comey is that person substantially involved. they're long time, close, personal friends, allies, colleagues, partners, in a variety of cases. they're mentor-protege. under the professional code of

responsibility, mueller must resign, the not optional. stuart: and what the immonument clause. >> i read the law, that's legally stupid, which is a term of art among us lawyers. it's to conifer of benefit accepting money from a foreign state. the president's businesses pre exist his presidency, so it doesn't apply. stuart: in your opinion, is this legalized political harassment? >> absolutely. stuart: of our president by the left? >> absolutely. and this is the third lawsuit against the president and they're all specious. stuart: this mueller's moves aimed at inquirey. that would come from a leak? >> sure, that's a crime. every leak is a crime of a different magnitude. if it's classified, then it's a

serious punishable league and even nonclassified information, especially related to an ongoing criminal probe. that's a crime. >> no stepping back. >> nobody is investigating these leaks. i wouldn't be surprised if comey is the leak on this. stuart: so we've still got a political mess on our hands, despite 24 hours ago, we had a violent attack on the republican politicians. i find this extraordinary, i really do. jarrett, gregg, thanks for joining us. thank you very much indeed. sharply lower, that's how we'll open up this morning. open down 80-odd points. the newest obstruction of justice headline do not help the market and the fed raising interest rates, probably doesn't help. aisle, it's sliding. look at this, oil is now below $45 a barrel, well below it,

actually. there's an oil supply glut. we're swimming in the stuff. the selloff is hurting stocks, but it may have the silver lining of lower gas prices, we can, but hope. the regular now nationwide, 2 honey 31, down four cents in a week. could this be a sign of things to come. gas in south carolina now averages, look at it closely, 1.99. a fraction, up to $2 in oklahoma and alabama. where is the cheapest gas in the land. we used this to do this all the time. oklahoma, 1.71 at an express in oklahoma. that's the good news. liz: are you going to drive there to get to gasoline? i know you do that. stuart: i predict that a half dozen states will be below $2 a gallon by the end of this month. ashley: very bold. liz: and you'll be driving to all of them.

stuart: june 15th. very funny. there are more important things on america's plate than the price of gas. lest we forget, a trump-hating leftist attacked and wounded steve scalise. marsha blackburn, republican, tennessee with us now. the left is not taking any responsibility for the climate of violence which i think it's done a lot to create. that's my position. what's yours? >> i think that we are all appalled by this. yesterday was tragic and when you look at the rhetoric, you look at the amount of threats that different members of congress get, that we're all getting for us, our families, our staff, and it is something that is of tremendous concern. stuart: i want to show you a sound bite to let our viewers see this. this is democrat senator sherrod brown. he says blaming the shooting on the violent rhetoric from the left is, quote, fake news. watch this. >> the president should also be a healer in chief, instead,

instead this president has chosen to divide and name call and that doesn't serve this country. probably doesn't even serve his interests, certainly doesn't serve his party's interest and it certainly undermines the values-- ments don't the democrats play a role, too? >> this is the story like wall street journal for 20 years, that would be called in another era, fake journalism. stuart: would you like to respond to that? >> i think it is very unfortunate for senator brown, that those were comments that were made or that that is the position that he holds. yesterday and now is not a time for placing blame. this is the time to say, we have to find a way forward. we have to be able to find concensus, have discussion on issues. do we think it's well-served. stuart: i think it's time for left to retract what it's

doing. >> i agree, we've been served by robust political debate,. that's how you arrive at bipartisan concensus. to go out and personalize every single attack, to having a new president, to constantly attack him. for those from the left to attack the right. some from the right to attack the left. it is j just inappropriate. it does not serve our country well, does not serve our democracy well. stuart: is there a chance that what happened yesterday will pull the republican party together and speed up the process of getting health care and tax reform done because of the shooting? >> my hope is that yesterday's events will cause everyone to come to the table and say we have to find a way to return to a bipartisan manner and address the issues. we do have health care. the obamacare programs are imploding. we have do have tax reform. people want to see their tax

rates lowered. we do need to get infrastructure going and jobs going. these are things that are good for america. stuart: yes, but pull the republican party together. >> and i hope that we do. stuart: last one, 20 seconds. do you get threats? >> of course i get threats. my staff gets threats. my family gets threats. most people, until today, have not realized members of congress don't have a security detail. stuart: have the number of threats gone up since the election? >> absolutely. stuart: it has? >> absolutely. stuart: extraordinary. thank you very much for joining us, it's always appreciated. thank youment huge fire at a london high rise apartment building, this was yesterday, got aced out of the news. more than a dozen dead. the number expected to grow. we have the latest number on that. the dramatic video indeed. president trump making a push for vocational training. 90 million in grants for apprenticeship programs. mr. trump says that college may not be for everyone. america needs people who can make things. we're on itment more trouble

for the airlines. the transportation department reports a 70% jump in customer complaints in april. that was the month of the dragging incident, by the way. congressman chris collins reacting to the shooting of his colleague steve scalise says he's going to start carrying a gun with him wherever he goes. we'll hear from that congressman in our 11:00 hour. more varney after this. but when family members forget, trust angie's list to help. [ barks ] visit angieslist.com today.

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>> when you know the market's going to open lower, the first thing you check on the big tech names, the story is they're going to be unformally down 1%. amazon, apple, facebook, all down premarket 1%. alphabet, netflix, microsoft, pretty much the same story. they're the big tech names and they, too, will be down, look at that, 1, 1 1/2 percentage point. got it? big tech is down. andy puzder is was nominated to

be labor secretary. my question, andy, were you the victim of vicious attacks from the left? >> there were vicious attacks from the left, not only in the press which was really horrible, the way they dealt with the stories and dealt with the truth, but we also had that there with as an envelope left at my house addressed to my wife that had white powder, a paper doll with a noose around its neck and a sheet of construction paper that said trump on it. and we ended up with guys in hazmat suits at our house that night and a fbi terrorist task force. none of that got covered in the press at the time, but it was quite a big deal in our neighborhood. so, yeah, there were a lot of those kinds of things. >> that's just outrageous, but, look, thank you very much for sharing that with us, andy, i was not aware of that in the background. . i want to move to president trump budget proposal which allocates 90 million in grants for apprenticeships.

now, that doesn't seem to me like a whole lot of money. what do you say? >> it's about what obama was going to spend, president obama's administration, secretary perez were going to spend on apprenticeship. the important thing is isn't how much the government spends, it's how effectively the government spends it. what we need to do and i think that alex acosta will do and president trump and ivanka trump, coordinating with the private sector. the private sector needs to have internships and apprenticeshi apprenticeships, and finding the money. it's how they spend in coordination with the private sector. i think it it will work and be very effective. stuart: i think that's the perspective, that the companies will ultimately hire the youngsters with the skills.

that's a very, very different things than pumping government money into government training schemes, which have a low achievement record if i'm not mistaken. >> the achievement record of some of the programs are low. the private sector knows where the jobs are, why not spend the federal dollars to make them worth a lot more. this isn't about empowering government. it's about creating jobs out there and we need the people who need the jobs to get the skills the jobs require and we can see labor participation rates go down about the om economic indicator that hasn't significantly improved so far. stuart: it's a way of plugging the skills gap without leaving youngsters saddled with, 30, 40, $50,000 worth of debt.

>> very good point. you don't have the expense. not only do you not have the expense of the college education and incredible money you have to borrow, particularly at the better schools, but you actually get paid while you're going through an apprenticeship. you will have some income. it's not the income you'll have once you're through the program, you get paid and you don't incur debt. it's a positive in all respects. we need to change the president getting behind this and his daughter getting behind this should change the attitude in america about the jobs. jobs in welding, construction jobs, jobs in manufacturing, even though the number of manufacturing jobs has come down in the united states, the number of openings in manufacturing positions has actually increased. we need the people to know they're out there and good paying and there's honor in every job and dignity in every job. stuart: precisely, quit looking down on people who work with their hands. thank you very much. andy puzder, thank you for

being here. >> thank you. stuart: the man who shot congressman steve scalise left a string of anti-republican messages on his facebook page. time to destroy president trump. could facebook have caught these and prevented the tragedy? more varney after this. 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

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>> news. vice-president pence at medstar hospital, visiting steve scalise and his family. the president and the first lady were there last night. taking a hit just like the techs. turmoil in d.c., that could affect the growth agenda. a lot of stocks are down. nike cutting 2% of the work force, organizing a structure. and the stock is down a fraction. that's 1 1/2% down on nike. back to the shooting. jam james t. hodgkinson posted on facebook about taking down the president. the quote, trump has destroyed our democracy. it's time to destroy trump and company. liz, when did he make that post and where was he when he posted it. liz: in march-- he made the post in march, he traveled from illinois to alexandria to that suburb. he was living out of a white cargo van and posting, trying

to destroy trump and co out of that white cargo van in which he was living. stuart: gregg jarrett, a lot of people were saying that post should have been intercepted. a flag that the man was violent. i don't agree with that, what say you? >> unfortunately the term destroy doesn't mean kill. it's an ambiguous term. i would say that facebook is at the forefront of developing technology to monitor and sens sens sens sensor -- censor. stuart: it's a difficult thing to sort out language, time to destroy trump and company, or i am agoing to get him. ashley: i think there's a bunch of pages out that say, time to get rid of president trump.

which are legitimately corporation. >> every time i write a column and the comments below are just as bad as that if not worse. there's so much of it out there it's hard to keep track. liz: the social media has certainly unleashed the deviant and that's where conversation needs to go. we have to stop it now. ashley: i don't know how. stuart: free speech, you've got to preserve it. liz: but fight it. stuart: the market will open sharply lower, we're looking at an 80 point loss. maybe the new talk of obstruction of justice has an impact. the slide of the price of oil, feds raising interest rates, add it together you've got 0 downside market, the opening bell which we will cover moments from now.

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and those places keep changing every few months. the quicksilver card from capital one doesn't do any of that. with quicksilver you earn unlimited 1.5% cash back on every purchase, everywhere. leave complicated behind. what's in your wallet? >> it's a thursday morning and i tell you that, that market is going to open lower, fairly sharply lower, down about 80 points. but you know, that's not such a big selloff when you consider that the dow closed yesterday at the 21,300 level. if it drops 80 points at the opening bell, that's a fraction of 1%. that hardly merits what i'm calling a big selloff. okay? so in 20 seconds we'll see how big the selloff really is. back drop to today's opening of the market, the fed has raised

interest rates, okay, just a quarter point, but now for the first time in eight years, the federal funds rate is one point something. we haven't seen that in eight yooe erer er yooers-- years and we have a huge shied in the price of oil. that hurts stocks. that's off and running and i see a lot of red on the left-hand side and an immediate drop of almost 100 on the dow industrials. look at that, it's .4% as a decline, 21,279 is where we're at. be very careful when you're talking about a big stock market selloff. .4% is not a big stock market selloff. that's what's called perspective, is that right? >> clarity. stuart: and this is an interesting story. look at oil. now we're at $44 a barrel. why? we're swimming in the stuff. we've got an oil supply glut. here is a price of gasoline

now, national average $2.31, down 4 cents in a week. i'm going to repeat my forecast that we get down in several states, maybe a half dozen states will average below $2 a gallon by the end of this month. liz: wow. stuart: south carolina is there, buck 99. liz: and 27 states year over year price drops. >> thank you for that. >> that used to be considered good news, right? good news for the consumer and money to spend. stuart: more money in the pocket. it's bad news for some stock markets in the overall market. >> it's harder to assess. stuart: nobody wants to see a bust in the price. some of us do, most people don't want to see a bust in the price of oil. look at the nasdaq, some of the technology companies, that's down nearly 1%, now, that's a big drop. tech names, check them every day, why not now? we're off on apple, amazon, facebook, all of them down 1%

roughly there. alphabet, netflix, microsoft, they're down 1 and a third, 1 1/2%. the decline and selloff in big name techs continues. joining us this morning, we are going to fill the screen, ashley webster, elizabeth mcdonald, elizabeth peek, scott martin, andy puzder. ap scott, is this a new drop for the overall stock market? >> i don't think a new drop, stuart. i think this is a continuation of some of the selling pressure we saw last friday, an amazing day when you look at the volume and fervor going into some of the selling orders on friday afternoon. to me it's a repricing, a general pullback, i don't think it's the big contraction that everybody is looking for. you listed to scott shellady, i watch even when i am a--

i'm on. he walks about the weak hands, had the weak hands if you are, stay in the names. stuart: what say you, liz peek? >> i don't think so, basically investors still have no place else to go are the rates are moving up slightly, but the yields are incredibly low. survey, a lot of professionals think the market is overvalued. but the number two thing, that the european market is overvalued which is a shock. there's not a lot of opportunities for the growing market. it's all about the trump agenda. investors are looking at washington and horrified by the assaults on donald trump. but if there's any indication we're going to get stuff moving forward, the market will be just fine. stuart: quickly, andy puzder, do you see this as a start of a big drop?

>> no, 46 records by nasdaq, three quarter-percent interest rate hikes.: they're not seeing that kind of drop. the economy is strong, and if we can get the trump agenda going, it will be great. stuart: let's look at the tech names, we've followed them for a long, long time, why not? they've gone straight up until now. all of them are down in the early going. scott martin, you look at the price of the big tech names, are you interested in buying any of them on this dip? >> yeah, i look at the price, stuart, and i get pretty excited. i mean, amazon below a thousand again, google below a thousand again, 950 by the end of the day here today. it's attractive. the reality when you look at the tech companies that we talk about every thursday and you talk about them on other days without me, thank you very

much, these are stocks that are really not terribly expensive. if you look at the growth that you're seeing in these stocks today and the projected growth, the googles, the microsofts, the facebooks are going to have in the next couple of years, that's why you're buying the stocks, for the future growth and pricing potential. i still would own them and collecting them as far as shares here. stuart: i've owned microsoft for a couple of decades, i've not sold yet. check the big board. this is not a huge decline at this point. 53 points down, that's exactly a quarter of 1%. how about the s&p 500? what's the percentage drop there? down.55%. it's 13 actual points. still not a huge decline. look at xerox. they've just completed a reverse stock split. that's where shareholders get one share, new share, are to every four old shares that they own, xerox now, down a fraction on that, it's now at 27.

nike, cut in 2% of its work force announced an organizational restructuring, don't know what that means, but the stock is down a buck 50. morgan stanley says tesla should brace for serious competition for apple in driverless cars. okay, let me back away from this story for a second. liz peek, liz, i can't believe the amount of interest and attention driverless cars are getting. >> the amazing thing to me is how fast it's moving, and what we see is both traditional automakers and every tech company in the world, looking at this as a huge new opportunity. so, is tesla going to face competition in driverless cars? without a doubt. there are 30 different organizations that filed permits in april. they're not all names that we've heard it, but that's an amazing sort of surge in interest here and why? because this is a huge industry. and to the extent that you can jump ahead of traditional auto makers with new technology,

wow, what an opportunity for google, for apple and everybody. stuart: hold on a second, we're miles away from the regulatory legal frame work which will allow the mass production of autonomous cars. liz: they would have to have zoning for driveless cars. the driverless truck and captain robot ships, that is where the corporate world could make a lot of money from that. ashley: and airplanes, too. >> and airplanes, too. they talked about airplanes, too. they talked about the pilotless airplane as well being the wave of the future because she is are the automation technology. e-mack made a good point. there's a lot of changes regul

regularry. >> do you remember the computer driven planes, and the loudspeaker says, nothing can go wrong, go wrong, go wrong-- >> i digress. >> and speaking of airlines, listen to this, here is a statistic for you, airline passengers complaints jumped 70% in april from the year before. april was the month when we had the dragging incident on united. i've got to say, the stock prices despite the passenger complaint level went to record highs. what's going on? >> well, there's a lot of business out there. people are travelling. the economy is surging and people are going on. you know, just touch on your car thing for a moment. one thing that didn't get mentioned ford put its i.t. guy and ceo with the company. a big search. back to airlines. a lot of people are travelling and people feel empowered to complain after the incidents with so much attention. liz: and rewarded for it. >> and rewarded for it. >> and half the people are

hoping for a gigantic settlement that will solve their life problems. >> ask and complaint, you shall receive. >> fly the under friendly skies. >> and the oil pricing are down. liz: and monopoly pricing. stuart: remember on the program earlier this week, we talked about lidl, the german grocery store, they're here, plural. they're opening today. should they be worried? i'm thinking wal-mart, lidl is a pierce competitor on price-- a fierce competitor on price. >> they're going to open in the next year, year and a half. and there's probably decent competition to come. it's an interesting store. it's small, only have been six or seven aisles per store, specialty type items, a lot of specials with respect to pricing. to me, the grocery store business is tough because

pricing is so competitive these days, whether it's whole foods and kroger's and those guys. the reality, it's not a great space, but given the fact they have an edge with specialty pricing offers, it's an interesting play. liz: it could be as disruptive as costco and wal-mart's sam's clubs were the in '90s in the last decade, what lidl is. the cheaper quality goods. >> good food-- >> you've got aldi. stuart: andy, say that again, i missed it. >> you've got aldi which is is competitor of lidl. i tried to buy lidl stock, but it's privately owned. but the belief it will help other brands like dollar general because people may go-- millennials aren't so tied into brands as older generations were, he so it may help other

companies. stuart: see how on the ball we are. talk about the retail ice age and we cover it. and we're on top of amazon and we're really great. liz peek, andy puzder, scott martin, and all. the crowded screen. we're down .2%. okay. coming up, an update on congressman steve scalise, he's now listed as critical. more surgery is coming for him. dr. marc siegel has been in contact with the hospital and he'll bring us the latist on that. we'll be back.

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the decline is led by the big technology names and the financial stocks. we're off 59. look at amazon, they've released a new alexa device. that's interesting, the stock is down 20 bucks, but that story is interesting. give it to us, nicole, please >> this is just amazon not quitting. they have to come out with something new all the time. this is the amazon dash wand. you shall order your groceries, it's $20, you're a prime member. once you get it going, get the $20 back. see the video there, it attaches to your video and a scan your parmesan cheese or favorite drink and this is how amazon is cutting into overpaul spending and wal-mart, we discussed last week, they've lowered the prime membership for those who are government assistance in order to get those wal-mart customers. now, another step here in order to boost their way to get groceries out. this does not have music ability, but it does have the ability so you can order food,

get recipes and attach some of your own home devices. stuart: fantastic. i'm just shaking my head. that is remarkable. nicole, thank you very much, indeed. i didn't know how that thing worked. now i do, very simple. congressman steve scalise is in critical condition now. dr. marc siegel is with us to explain exactly what that means and what he's found out about it. he's in critical condition. yesterday at this time we reported accurately that he was in stable condition and now critical. what's happened? >> well, you know, at the time yesterday we were reporting how there were great things done at the scene to put pressure on the wound to get intravenous fluids. that may have saved his life. it turns out when they got him to the hospital, and in surge, the high velocity bullet had gone into the pelvis and damaged major organs and caused

bleeding and fractures as well. the reason they changed it to critical. when your vital signs become unstable, when you lose a lot of blood, when you become shocky and your blood pressure goes down and having major complications, that's by definition critical. so, they spent the day yesterday, stuart, trying to stop the bleeding. they tried to do that in surgery, tie off bleeders, repair major organs. they leave the fractures. i was told by the hospital they've left the fractures for now and stopped the bleeding. that's good. if they stabilize him and keep the bleeding under control and it doesn't start up again, then they'll go in again, probably, and repair the fractures. my prediction is positive. stuart: but the man will not be on the floor of the house, exercising his vote in the house of representatives anytime soon. >> i completely agree with that given the complications. again the pelvis is loaded with major organs, like the bladder,

the colon, the rectum, they're viscus and have a lot of blood supply, he will not be being bah back soon. stuart: i have guilty divulging that detail. >> the hospital released that. stuart: that's with the permission of representative scalise or his wife. >> no question, the hospital released this. it's good that they released it. words like critical are scary. that could mean unstable vital signs to something far worse. this information helps us to understand so it's good releasing the information, that's the kind of person he is. stuart: thanks for that, doctor. because when i went to bed last night, i thought the man was still in stable condition, and now, i wake up this morning and i see that word critical condition, and immediately, you start getting worried, what is the real--

what's going on here. that's what you want to know. >> i believe they stopped the bleeding now, which is very good. stuart: and president trump and the first lady melania, they visited last night to the hospital. and what you're looking at now is vice-president pence who had just left the mstar hospital in washington d.c. he, too, visited with representative steve scalise. thanks for your expertise, doctor. >> thank you. stuart: back to the market, to see how your money is acting. we're returning from the attack on the republican politicians and the dow is down, plenty of red on the side. we'll have more varney for you in a moment. ♪

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>> you know, maybe this is helping to move the stock market. that is the very sharp decline in the price of oil. the important numbers there are 44, we're down to $44 a barrel. we've got an oversupply of this stuff. as i say, that's hurting the stock market which is now sharply lower. however, please consider the silver lining here. if you've got oil at $44 a barrel, pretty soon you're going to get much lower gas prices. the average price of regular is now nationwide, it's at 2.31,

it's down just 4 cents in a week, but, i suspect we are he going to go much lower. look at this, as of now, the cheapest gas in america in south carolina, where the average price of regular is below $2 a gallon. a buck 99 right there. it's only marginally, a few cents higher in oklahoma and alabama. i'm predicting a half dozen states will be below $2 by the time we end this month. look at that, $1.71 per gallon at on cue express in oklahoma city. rush there for the cheapest gasoline in america. i made a bold prediction. liz: i think you have. stuart: am i right or wrong. liz: you're going to be driving around checking if you're right. get that cheap gas. kidding. ashley: we're swimming in oil. gas prices have to be low and opec prices have done nothing because america keeps popping up shale oil. stuart: thank you, american

frackers for giving me a bargain at the pump. liz: putting a smile on your face. stuart: not easy to do in this day and age, i might add. general motors extends its summer shutdown of two car plants. okay. the important story here to me, liz, is lower demand for general motors cars. liz: yeah, that's right, they do do summer slowdowns, but they're extending the shutdowns in places like ohio and kansas. what this augers is possibly job layoffs, if the inventories continue to remain high, and the sedan sales and small car sales continue to trend low, so, that's a concern. already, ohio has seen job layoffs at that plant and ford is also doing shutdowns as well. stuart: a nasty indicator, economic indicator. look at this, back to the market. the big technology companies, they're selling again today. are they down? >> below monday's selloff.

we've had this seesaw. they came back monday, selling off tuesday and coming back again now and there are questions whether the stocks are overvalued. as liz peek said, where else is your money going. scott martin, maybe a buying opportunity. liz: to ashley's points, gains tripled what the s&p 500 delivered so far this year. could be profit taking. used to be sell in may and go away, but we've had this through june. stuart: if you're panicked for the big name stocks and run up. if you sell now, you've got to pay a whooping big capital gains tax. you've got to pay that april the 15th. remember, that viewers. hang on. i don't know about that, but, i wouldn't be panicking, they're still way up there. how about this for a business model which has just gone out

of town, avon, their chief sherry mccoy expected to step down according to people familiar with the matter and the stock is down at 3 1/2 a share. the business doesn't work. ashley: it doesn't. ding-dong, avon calling. hello amazon. they've seen a huge drop in sales and sherry mccoy hasn't been able to turn it around. last month it was decimated, fell 22% in a day. and a lot of people were calling for her to move on. stuart: it's a 135-year-old company. liz: that's right. stuart: can you believe that. liz: shoppers want instant gratification. that stock is down about 84% since she took over in 2012. stuart: but it was a tough job for anybody, that's a fact. top of the hour coming up. my take on the link, as i see it, between the left's violent rhetoric and the shooting of congressman steve scalise. stuart: hours after the attack,

the left is back to object to and obstruct everything trump. we'll be back, too.

. . . .

stuart: remember this? violence at berkeley. the left shuts down free speech. or this? violent imagery, the president's severed head. and this, a trump look-alike, stabbed to death on stage in new york's central park every night. don't forget snoop dogg, showing a gunpointed at the president's head. and then there is obscenity from dnc chair tom per rest, from cnn's race is a aslan and senator kirstin gillibrand. foul language directed at our president. they hate him. top republican steve scalise is in the hospital. his condition downgraded to critical. a trump hater, leftist, did this if not for the bravery of police officers it would have been a

massacre of republicans there. is a link between the climate of violence and violent attack on republicans. it is a link the left shoulding a knowledge. but they will not. the democrats push impeachment. barely hours after a political shooting the left and media get right back on track with partisan attacks. not a word of remorse for the climate of violence they did so much to create. the left has broken the rules of free speech and decency. there is no sign they will turn back. when the haters keep going like this we all lose. the second hour of "varney & company" is about to begin. ♪ >> and let me be as clear as i can be.

violence of any kind is unacceptable in our society and i condemn this action in the strongest possible terms. real change can only come about through non-violent action and anything else runs counter to our most deeply-held american values. stuart: that was senator bernieç sanders yesterday, reacting to the shooting of congressman scalise. the sentiment expressed there didn't last that long. more on that in a moment. i will deal with your money first of all and mortgage rates, we just got latest read. what's the number? liz: 3.91%, at a seven-month low. we saw mortgage rates will go up as demand picks up, they're dropping as treasury yield stays as low. stuart: who would have thought, 3.91 on 30-year. liz: that's correct. stuart: liz, thank you very much

indeed. another check of your money. we're down 50 points on the dow industrials. that is quarter of a percentage point on the downside. where is the price of oil? oh, $44 a barrel. down a bit more today. there is oversupply as i said a few moments ago. i this i that means sharply lower gas prices to come. at the moment the average for regular nationwide is 2.31. i think that comes down a lot. back to those big tech names, always checking them. why not? they have been leading this market higher. now they're leading it down. apple, amazon, facebook all on the downside this morning. how about alphabet, facebook, netflix, microsoft? same story, they are done this morning. breaking news, the parents of otto warmbier, the student held prisoner in north korea, giving an update on his condition. what do we have, ash? ashley: getting headlines. doctors say he is in stable condition. he suffered severe psychological

trauma. north korea says he was in a coma almost all the time he was in north korea, being held there. but we're expecting more details to come. but this otto warmbier suffered severe psychological trauma. stuart: the father on the screen on the left-hand side there, apparently he just said that the obama administration told him the father of young otto warmbier, sit tight, hold still. don't do anything. everything will be all right. that is what the father just said. now that is an intriguing statement of what was said to him about it obama administration. ashley: there is a lot of statements coming out. stuart: clearly it was not okay. the man is in a coma. ashley: yeah. stuart: let me get back to the expression of opinion, the editorial at the top of the show. democrat law makes are moving forward with impeachment, despite what happened yesterday to republican congressman. 196 democrats suing president trump. they claim his he is violating the constitution by accepting

foreign money through his businesses. joining me now, lieutenant colonel ralph peters. is this, is this another example of the democrats obstruction tactics despite what happened yesterday to representative scalise? what you do you say? >> no, it is not. by the way, stuart, i will remind you, rhetoric of violence around trump rallies from the president him seven was pretty severe too. i don't i think you lay the shooting yesterday strictly on the left and democrats. both sides have guilt. now as to -- stuart: wait a second i'm not saying. i am sayingç the climate of violence, climate of political violence has ratcheted up since the election of president trump and certainly since his inauguration. i think that was a primer for the violence that we saw yesterday. i don't think i'm out of bounds saying that ralph. >> and i don't think i'm out of bounds pointing out president trump when he was running for office his rhetoric was often

directing incitement to violence. it is on both sides. representative scott a republican yesterday, had a right after the shootings he said we all need to knock this off. now as to the democrats bringing a lawsuit over the emoluments clause, republicans should be with him, because the emoluments clause in the constitution is about avoiding conflict of interest. the president of the united states has to be above suspicion, above reproach. now unfortunately president trump, when he came to office did not divest, he did not put his assets in a blind trust. he is still deeply tied into a very active and apparently successful international web of businesses. this matters. because he is in dozens of countries, let me give you two examples where it matters, stuart. remember during the campaign president would get so tough with china. he wanted to do usiness with china for a long time. he does it here in the states. he hasn't gotten tough with

china. he has given the chinese virtually everything they wanted. you now doors are opening in china, patents are being granted. in turkey, trump's brand is doing very well. trump is praising president erdogan, giving him a free pass. he is islamofascist in my opinion. how can you condone this? stuart: do you think it is legitimate to remove president trump from office on the grounds that he may have made some money in his private businesses while he was president of the united states? you think that is sufficient grounds to launch an impeachment process which would remove him from office? >> it would depend on the specific circumstance, and you know that stuart. for example, were the mueller investigation to find out that in fact trump's web of businesses have taken a lot of money in loans or invests from russian oligarchs through front companies in cypress or elsewhere, were that the case then i would say yes because of statements he made about russia. were it because his golf course

is doing well in scotland? of course not. it is about our national security interests. emoluments cause is there there is very deep concern about our national security interests. trump is in the u.a.e. he is in qatar. he wants to do business in saudi arabia. he has long ties you can't be objective if billions of dollars profits at stake. stuart: you can't expect anyone running presidency totally divest themselves of every business interest in their lives. i don't think whatever he may or may not have done with the emoluments clause, i really don't think that is ground to remove this man from the presidency at this point. it is a political argument. democrats are using, no, wait, the democrats and you, are using legalisms to get this man out of office. and i think you'reç wrong. >> i am not pushing -- stuart: last 20 seconds is yours. >> you use word legalisms. stuart, we're country of laws.

we have a constitution. the emoluments clause is part of that. you don't get to make your own rules. trump may be lawyered up make his own rules as businessman. as president of the united states he must be ethically and morally above reproach period. stuart: okay. we have disagreement again. but you will be welcome back very soon. that's a promise. ralph peters, everyone. thank you very much, sir. appreciate it. there is some hope that the president's growth agenda will get back on track now, maybe even speeded up. maybe. joining us mark serano deputy campaign director for george h.w. bush. is that a possibility, mark? let me spell this out. >> please. stuart: we had dreadful outrage of what looked like political assassination. >> yes, it was. stuart: i think that might be a reason for the republican party to come together, stop this, division, and get something done on health care and tax reform. am i on the right track?

>> there is a sliver of hope, ever a little bit sliver of hope we can work with democrats. george bush after 9/11, referenced fdr's quote about the warm courage of national unity, right? well, guess what. that is not going to happen with the democrats. it just won't. you raise an excellent point, can it happen with the republicans? stuart: yes, within the republican party. >> i think the president should bring congressional leaders and as many members of congress tomorrow to cut a deal on taxes. we have to get the deal in this year. stuart: would the republican party listen to that deal? >> if you look at president's actions yesterday, that was dramatic leadership. showed moral leadership to our country. i think if anything, incentivizes republicans to get behind this president, something like that will build confidence in the republicans on the hill. stuart: it should unsent advise them to get together to end division. i will call you an insider in the republican party. i think that is what you are.

>> i will take it. stuart: are you hearing signs of compromise from the right-wing of the republican party, the moderate wing? are you hearing those noises? >> not yet. not yet. let me tell you the responsibility for the agenda this year i believe goes to the republicans on the hill. when will we have this opportunity again? stuart: right. >> this is rare moment in history for us to reverse the corruption, right the misdirection of our country over at least past eight years if not longer. republicans have to get on board. i believe the president can bring them in, sit down, say, guys this is our moment. let's come together and let's lead. what i would like to see the president do, get on the road. go into directs of republicans. senate, house, get in their districtses and in their states, campaign for tax reform. we have to have it this year. we must. it must be this year. you've been very outspoken about getting it done this year. thank you. stuart: yes, sir, i am. ju for joining us.

much obliged. thank you. coming up the suspect in yesterday's shooting posted his antitrump hate on facebook. republicans are the taliban of the usa. time to destroy trump and company. more on that in a moment. much more on the democrats refusing to admit their rhetoric played a role in the shooting. senator bill cassidy joins us. this is is 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: ohio's democrat senator sherrod brown, he is suggesting that the heated rhetoric from the democrats has not created today's toxic political atmosphere. instead he points the finger at president trump. watch this. >> president should be healer in chief. instead this president has chosen to divide and that doesn't serve this country. probably doesn't even serve his interests. certainly doesn't serve his

party's interests. and certainly underminds values of this great country. >> don't democrats play a role in all of this too? >> this false equivalency is story of the day in many papers like "wall street journal" for 20 years. it is not good journalism. it would be called in another era, fake journalism. stuart: really, fake journalism. joining us now, louisiana senator bill cassidy, senator, would you respond to sherrod brown? >> on the left there is normalization of concept of violence where kathy griffin holding a bloodied head, the play in central park. madonna speaking of blowing up the white house. at some point when people speak of violence and depict the end result of violence in a quote, normal way, to think that doesn't numb, dumb down or make people numb to the consequences of what they do, i think is probably not true. stuart: i think factually you can point to a ratcheting up of

the intense and sometimes violent political rhetoric since the president was elected and certainly since he was inaugurated. and that toxic atmosphere -- this is my opinion here. that toxic atmosphere was largely created by the left. am i too far out of bounds here? >> i don't think you are. it's a little ironic, folks who consider the president intolerant, display incredible intolerance. those he think too war-like, display incredible kind of symbolism of violence. to think that does not influence someone unbalanced is not to know human nature. stuart: senator, before we leave this subject, i want to suggest our viewers send condolences, best wishes to your fellow louisiana republican steve scalise. i hope we can transmit that through you, sir? >> thank you, yes. stuart: i have breaking news. i would like you to respond to this please. the parents of otto warmbier, he is the president that was held

prisoner by north korea, he has been answering questions a few moments ago. the parents were asked about what the obama administration did to get their son out of north korea. roll tape. >> the question is, do i think the past administration could have done more? lak for the results themselves. stuart: that is just a short clip there. the parents, father of warm buyer went on to obama team said sit quiet, make no waves. everything will be okay. your response to this, sir. >> the trump administration response to north korea has been more effective than obama. they clearly have chinese engaged. clearly to imagine the chinese were helpful getting this out. that relates to their relationship with china. again results speak for themselves. i think trump admin decision has been more effective than the obama administration regarding north korea and china. stuart: sir, i have just a minute left. i have to ask but the time frame on health care reform.

i keep hearing that some, a bill will be presented. we can see it, before july the 4th. is that, is that a kind of time frame that you can vouch for? >> well the leader said, mitch mcconnell said on multiple occasions i will say there is kind of kind of kind o, at white house hundred chen we need to do things to fulfill campaign pledges, take care of preexisting conditions and. house ways and means, kevin brady says same thing and mr. mcconnell is saying the same thing. i think you're starting to see a confluence of folks moving towards campaign promises by president trump. stuart: bill cassidy, republican from louisiana on difficult day, much appreciated. >> thank you. stuart: what is coming up, president trump talking about apprenticeships signing an executive order. next hour, $90 million of grants

to provide on the job tripping for workers. we'll bring that to you live. congressman scalise is in critical condition. republican congressman, one who will be on the show, one republican congressman says he will carry a gun wherever he goes. chris collins joins us in the next hour.

stuart: xerox has completed a reverse stock split. what does that mean? if you owned four of the old soar rocks shares, you get one of new one. -- xerox. it is up 16 cents at 2bucks. got it. nike cutting 2% of its workforce. announcing a new organizational structure. the market doesn't think much of

it. "washington post" reports that spellings counsel robert mueller is investigating president trump for obstruction of justice. the president responded. here is the twitter feed. they made up a phony collusion with the russian story. found zero proof. now they go for obstruction of justice on the phony story. nice. blake burman is with us. are we seeing anymore reaction from the white house? reporter: that was tweet one, stuart. the president followed up with one shortly after this with a familiar phrase when he talks s headlines that follow.nd all here is what the president tweeted out, quote, you are seeing the single greatest witch-hunt in american political history led by some very bad and conflicted people. here at the white house they are not commenting on these russia stories relates to the president at this point. they're pushing all of that the to president's outside legal counsel, stuart. when "the washington post" story dropped, president as legal team sent out a one sentence

statement they focused on leaks. here is what they said. the quote, the fbi leak of information regarding the president is outrageous, inexcusable and illegal. that from his legal team. meantime stuart, here at white house about 40, 45 minutes or so, we're expecting president trump to sign an executive ordealing with building out the apprenticeship program. senior administration officials told me last week, stuart, they would try to streamline some of the government programs. stuart: got it. black burman at the white house. thanks, blake. dennis rodman still in north korea. he gave an interesting gift to the leader, the great leader there, kim jong-un. what? >> ashley: gave him a copy of president trump's book, "the art of the deal." stuart: why not? hley: why not? he brought other gifts for the north korean leader. where's waldo, mermaid puzzle, two sets of soap and autographed jersey. this is his third visit. very strange deal dennis rodman

has with the country of north korea. this going on as we watch otto warmbier back in the u.s., who suffered severe psychological damage and here he is hanging out with his friends in north korea. stuart: what a comfort. ashley: yeah. stuart: james hodgkinson, the virginia shooter, the suspect there, posting threats on facebook. he said he wanted to destroy trump and company. could facebook do anything about that? it's a fair question to ask. at about 40 ms-13 gang members arrested yesterday in a big i.c.e. raid. the president pledged to wipe them out. wipe out the gang. suffolk county sheriff vincent demarco on progress been made. stay with "varney & company."

stuart: one minute, sorry, one hour into the trading session. we're down close to 100 points. that still puts us at 21,280. the price of oil is down again. a big drop yesterday. down a bit more today. the important point it is back to $44 per barrel. the man who shot congressman scalise made no secret of his hatred for president trump and republicans. he posted on facebook this. trump has destroyed our democracy. time to destroy trump and company. joining us danny coulson, former fbi director. danny, i don't see how facebook could take down a commentç like that. it is vague and general. it is not a specific threat. what say you? >> i totally agree. he is also protected by the first amendment. he has a right to make those comments. it is not specific enough for either the secret service or the fbi to get involved in it.

it is unfortunate. what is really unfortunate the fact he acted upon his hate and tried to kill that many people. they're lucky, we're lucky that those capitol police were so heroic and so effective. stuart: that post, we're suggesting that maybe facebook should have taken it down. other than that, it could be used as a flag. i mean it is a signal, isn't it, that the man is really on the edge. you could have taken it, fbi, or authorities could have looked at it, that's a danger signal. we could have a word with the guy. you could do that, couldn't you? >> they could do that. but, you have to remember, how many posts are there like that out there? the fbi could not have opened a case on that. attorney general guidelines would not allow that they couldn't surveil him. they don't have resources to do that. stuart, only answer to it, is get ready for it, prepare yourself, be trained what to do in active shooter situation.

i know that sounds harsh and maybe a little cruel but you can't stop these guys with that kind of information, unless he comes to you, says, yeah he is going going to do somebody, he told me would do this. action can be taken, a post like that we're helpless to do that. stuart: do we really want to see 535 members of congress carrying a gun? >> if i were one i would be carrying a gun. why not? train them. get them authorized. let them protect theirselves. they don't want to security. i used to work on the hill, worked for department of justice with the fbi, they don't want security. they want to be close to people. only answer, let them be armed. if you live in the state of texas you can be armed. it works out fine. i'm all for it. stuart: danny, have you ever seen like this before? >> active shooter, yes. i teach classes on active shooter. stuart: the climate of violence, political rhetoric ratcheted up. ever seen that before? >> no i have not, my many years

of law enforcement have not seen it. i think it is counterproductive. it hurts people that say it. americans don't like that kind of talk. maybe they will pay the price at polls. hopefully they will. stuart: danny coulson. kept it short. it is important. thank you, danny. >> stuart, always a pleasure. thanks. stuart: some democrats are politicizing the scalise shooting. some are using it as an opportunity to call for stricter gun control. listen to what virginia governor terry mcauliffe said. roll tape. >> there are too many guns on the street. we lose 93 millions americans a day to gun violence. i have long talked about this background checks, shutting down gun show loopholes. that is not for today's discussion, not just about politicians. we worry about this every day for allç of our citizens. stuart: now the governor misspoke. it is not 93 million, it is 93 people a day, according to his

numbers. kristin tate, a author of the book, "government gone wild." understandable response, kristin, i'm sure you disagree with it. it is understandable, you're laughing but it is understandable when you have shoots occurring at such a rate as we have in america today, it is understandable for authorities to turn around, you know, there are too many guns. what do you say? >> this is all about political gain. chicago mayor rahm emanuel once said, never let a good crisis go to waste. we still don't know if more laws would have or could have prevented this attack, but democrats see this as an opportunity to score political points. it's shameless and it is totally obvious. the facts are clear. more gun laws don't necessarily prevent more shootings. we've got to talk about the facts here. the facts that the capitol police had guns on them is the only reason that more people were not shot and killed.

i mean look, we got to establish the fact that gun laws don't always prevent more shootings because they prevent good guys from arming themselves, showing up at the scene to prevent more deaths. this is what democrats do. it is nothing new, after every mass shooting obama called for expanded background checks on private gun transfers. such laws would not have prevented any of those shootings. stuart: as you know i'm a newly-minted american citizen. i swore an oath to the american constitution including the second amendment. i'm a firm believer in the second amendment. i think it makes america absolutely unique and i love being here, and i'm pledged to the constitution. you no i'm not that comfortable with guns being everywhere. are you? >> well, first of all guns aren't everywhere. when you ban guns they create a black market for guns. studies have shown that in nearly every place in the world where guns are banned, there is an increase in murders.

but look, stuart, instead of calling more gun control, liberals should call for more civility in the media and on the left. it is rhetoric from the left that incites violence against republicans, that is really creating a lot of trouble here. look, we've seen kathy griffin holding up the head of president trump. we've seen snoop dogg assassinate trump in a video. madonna fantasizes about blowing up the white house. a play in central park glorifies the murder of president trump. all of this has created such hatred on the left, and i think this mass, this attempted mass execution of republicans is just a logical extension of this kind of hatred. this has got to stop. this is no longer about free speech. people are glorifying and threatening republicans and the doj ought to go after those people the way they would if the shoe were on the other foot and people were threaten and glorifying violence againstç obama. stuart: we hear you, kirsten.

we hear you. thanks so much for joining us. always good. >> thank you, stuart. stuart: now this. federal officials announce the airs of dozens of suspected ms-13 gang members. new york city, long island. joining us now, suffolk county sheriff, suffolk county on long island, vince demarco joins us. this is another, what, 30 or 40 arrests. how do you identify gang members, that you can get out? >> we're working hand in hand with homeland security investigations and i.c.e. we have intelligence, gang intelligence officers that, when people come in contact with the criminal justice system we identify as gang members. with share that information with i.c.e. and homeland security investigations. they identify them as being in the country illegally. together we round them up and put them in deportation. stuart: you wait until you get the intelligence from the immigration people and from the homeland security people, then you can go get them? >> uh-huh. stuart: you can not, see them walking down the street, have

tatoos, which identify them as ms-13 bank members, you can't go up and say are you here legally? you can't do that. >> no. we have enough that come in contact with the suffolk county criminal justice system, wind up in our correctional facility. our investigators label them as gang members. we have i.c.e. agents that work in our facility and investigators assigned to homeland security investigations that information is transferred in real time. stuart: you're waiting for them to go jaywalking, bring them in, throw them out. that is what you're doing? >> for the most part. stuart: have you broken the back of ms-13 the gang? >> no. we have not broken the back. stuart: you were on the program a month or two ago. you have dozens of ass then. dozens of arrests this week. you're still not broken them? >> no. we have a pretty steady flow of new recruits come into the country coming across the southern border. every time they arrest and detain somebody more are coming to to replace them.

not everyone is arrested. stuart: why are they coming to your county? what is so big about suffolk county loading up on ms-13 gang members. >> there is big central american population. the unaccompanied minor program purposely placed central american kids into communities where they find sponsors for them. stuart: we heard that before. any pushback anybody what you're doing with the gang? >> no. listen the people of suffolk county want to feel safe. doesn't matter what community you're in. ms-13 is a big target. the president promised to do this. he is keeping his promise. stuart: other sheriffs in the country in contact with you? >> we talk all the time. i will see a bunch of them in two weeks. stuart: sheriff demarco, thanks for coming in. check the stocks, the big tech stocks, show them to you all the time. why not. they're down again today. apple, amazon, facebook, google alphabet, microsoft, all are

down. by the way they're below the lows which they rched on monday of this week. not a good story. next, republicans call for uni on capitolç hill after the attack on republicans. question, does this get president trump's economic agenda back on track? does it help with that? speaking of that growth agenda, the president will hay out his apprenticeship program in the 11:00 hour. more details who pays and for what. we will take you there live.

♪ ashley: andy puzder, former ceo of kcke restaurants, says more people should back president trump's proposed apprentice ship program. roll tape. >> not only don't have expense of college education and incredible amount of money you have to borrow particularly at the better schools, but you actually get paid while going through apprenticeships. you will have income. not income you have coming through the program. you get paid, don't incur debt. it is positive in all respects. the president getting behind this and his daughter getting behind this should change the attitude in america about these jobs. there is jobs in welding and construction jobs. there is jobs in manufacturing. ♪

>> we are united. we are uniteed in our shock and united in our anguish. an attack on one of us is an attack on all of us. [applause]

>> to my colleague who will hear me say something you never said before, i identify myself with the remarks of the speaker. they're beautiful remarks, mr. speaker, thank you so much, for the sentiments they represent. thank you so much. stuart: speaker of the house paul ryan, minority leader nancy pelosi calling for unity after shooting of representative scalise. joining us now americans for tax reform, president of, grover norquist. a talk of unity, about coming together, how about the republican party coming together in the face of this assassination attempt on representative scalise betting something done? what are the chances this will speed things up? >> i don't know if this will but, everything that is short of shocks the system, say, guys, focus. there is an effort by a lot of outside critics to attack trump, the trump agenda, the republican agenda. while a lot of things have been

accomplished, mostly in terms of deregulation, fcc, ftc, a lot of very good progress, the two big things people will be watching, the american people will be watching, did you cut our taxes in a way that creates economic growth, and did you begin to undo the damage of obamacare? now you can get into this, into the weeds whether you abolish it all yesterday. the point is that obamacare does a lot of damage. it has raised people's costs. has harmed people. it has killed jobs. we need to begin to undo it as quickly as we can. stuart: here is wl i'm hearing, grover. from a senator who was in the room, in the conversation about the senate's version of health care reform. we're hearing it may be on the desk. we may be able to see it before july the 4th. you're kind of an inside guy there in washington. is that a possibility here? >> the answer is yes. i was just in a meet number of senate staffers.

a comment was made by one of them, this health care bill, around the tax bill, is the first time in this person's experience where the senators know more than the staff because the senate republicans have been meeting day after day, two, three times a week, going through the specifics of both health care reform and tax reform, and they're working, actually know more than the staff. usually when a beast gets done, the senator says go do it, what does it look like, the staff knows more than the senate. because the senate members, republican senators, democrats are not part of this proses is right now, they can join anytime they want to be productive but they're not there right now, i don't expect to see them this year, the senators are looking each other in the eye, what do you need, how far, how much can we get done, both on health care reform and block granting medicaid, and saks reform. so this is prodifferent than

other pieces of legislation. it is driven and understood and being organized by real live senators who have to run for office as opposed to staff who have a very important role to flesh it out but, this is different and that's why i think it's more likely to happen. i think that the senate, there is comment rings true with the staffers making the same observation of how engaged the senators are. stuart: i've not heard such optimistic talk from someone like yourself for a long time. there has been a lot of pessimism. i think maybe things are turning. but i have to ask about tax reform. >> yes. stuart: what i keep hearing is not grand tax reform, a whole new tax code, but just cut taxes for individuals and corporations. that's it, slim down, do it. that looks more possible now, doesn't it? >> it certainly does but i would argue that certain tax cuts are tax reform. when we take the corporate rate

down, that allows us to also go to a territorial tax system. when we get rid of the death tax, that means the government doesn't have to be looking over your shoulder and counting how much gold there is in your teeth. there is awful lot of tax -- stuart: i don't think anybody cares what you call it. >> yeah. stuart: tax reform, i don't think anybody cares about that, so long as there is real understanding, republicans have to get it done. they have to. >> growth, growth jobs. stuart: yes. grover, thanks for joining us. see you soon. >> thank you. stuart: where are we now in the stock market? this is thursday morning. we're down 81 points. look at the level, 21,292. take that. governor of virginia, terryç mcauliffe didn't waste time after shooting of representative scalise. he spoke about gun control. dana loesch joins "varney & company" on that. back to business for the

president. the president formally announces the apprenticeship plan. we'll take you there live when it happens. [vo] when it comes to investing,

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stuart: this is a shock to the civil in america. that is what it is. it has shut down politics. where we go from here i really don't know but it is incumbent

on the left to knock it off. this kind of political rhetoric is just not on. you can not have this. note the expression, knock it off, and i meant it. that was my reaction yesterday to the shooting of congressman steve scalise. i say the left needs to, knock it off, with the rhetoric against president trump. now many of you responded to that mini rant i gave there, first of all from, leftist incitement has produced this and has been escalating since the election. blood is on their hands and even today they escalate it. there will be backlash and it will be ugly. i hope not, kippy, but i suspect you have a grain of truth there. roy says, holding up a severed head and assassinating the president in theater contributes to real attacks. it is no longer about freedom of speech, but it is about promoting violence. so, did i go too far. ashley: not at all. stuart: demanding that the left knock it off when it comes to establishing a climate of

violence? ashley: it has been open season on this president since even entered the race. it is like it is okay because it is donald trump. he is cartoon character according to his critics who doesn't deserve any respect, certainly not the respect of the office. the level of viiv lens and anger in response to those, president trump has good ideas, he wants to cut taxes, deregulation and so on, but, the toxic atmosphere that donald trump is accused of creating seems to allow anything in return from the left. you're right, knock it off. stuart: you know, what i really like about our broadcast yesterday, one part of it was you, liz. you brought emotion to the table. that is a good thing. there is nothing wrong with that whatsoever. what you did was to put us on the map about feelings and we care about it. and what happened yesterday was a disgrace. liz: i couldn't take it. i had to leave the set. i'm about to cry now. i think we reasoned compromise. it's interesting, it happened on baseball field.

time to play ball, right, for both sides. not every policy difference is matter of life and death. bernie sanders saying obamacare changes will lead to 10,000 people, thousands of people dying. parisç climate deal, he rescinding that, that will lead to mass extending shun according to jill stein. watch what the corporate sponsors of julius caesar did. they didn't wait for a boycott. we're stepping back. not going to do it. no, they didn't wait for consumers anybody to boycott. we're not back it, we're not going to back this we're going to withdraw. they stepped back. ashley: they knocked it off. >> time for reasoned compromise. stuart: well-said, elizabeth, ashley, well-said indeed. we'll be back.

stuart: back to business for the president. back to business for the democrats. oh, what a difference. this hour president trump formally announces his

apprenticeship plan. you'll hear the details shortly. what he's trying to do is equip youngsters with the skills they need to nail down well-paid blue collar jobs. he's spent the week implementing a policy of job growth. last week it was a huge infrastructure building plan. that is getting down to business. the democrats are doing the same, but the business they're getting back to is the destruction of the presidency. hours after steve scalise was shot, as his condition was being downgraded to critical, 196 democrats i sued the president for allegedly violating the immoll you meants clause they're talking impeachment. the democrats' new bible, "the washington post," along with "the new york times" eagerly report a possible obstruction of justice probe. what a contrast. the left tries to bring down the man they hate, the president tries to to build up the country we all love. watch it unfold. the third hour of "varney & company" is about to begin. ♪

♪ stuart: that, of course, is the white house on the left-hand side of the screen there. we are waiting two live event, actually, this hour; the president's announcement of the apprenticeship plan, we'll take his remarks. he'll also be signing an executive order focusing on trying to expand those apprenticeships, and congressman ryan's weekly news conference on the right-hand side of your screen. he made yesterday with his unity comments. a lot more of this coming up. while we wait, let's check out the big board, we are down now just 58 points, we were down over 100 a little bit earlier today. john layfield is with us. he -- john, first of all, comment on the overall downside move. we've got a lot of viewers who are a little worried this morning. we have another downside move.

is it the start -- they want to know, is this the start of something big? >> look, it's hard the make a prediction like that. i don't personally believe so. i'm leaving my money in the market, i'm advising other people to leave their money in the market. i'm not buying new stocks right now. the idea is competition. look, with the low inflation environment, the low interest rate environment, the only place to get appreciation for your money is the u.s. stock market. the s&p is yielding 1.86% right now, the ten-year's at 2.1, so dividend stocks have become de facto bonds in this low interest rate environment. stuart: what do you make of this, i believe this is a record, 44 percent of fund managers polled in a monthly survey, they say stocks are overvalued. now, that's different from saying stocks are about to plunge. they are saying these levels, overvalued. what do you say to that? >> i still don't see 'em selling significantly. look, they may say they're overvalued and they're not buying, that's exactly what i'm thinking right now. you've got to look at competition.

look at the stocks that have dividends, like at&t, verizon, i've owned both those stock, ford, gm, i own both those stocks. you have right now great buying opportunities in the stock market, in the u.s. stock market. look at the trouble around the world. if we had a president impeached, we've had two presidents impeached, andrew johnson the market was up 6% in the next few weeks, president clinton, the market was up after that. even if you had the worst thing possible, the president impeached, it's not going to affect the economy that much. in europe, you had somebody like le pen get elected, that throws the economy in turmoil. there's a difference between the united states and the rest of the world. stuart: so politics only intrude on the market if money is affected one way or the other. if you've got pluralists, no health care reform, market goes down. but only when money is directly affected. okay, i've got that straightened

out in my own head at least. what about the big name technology companies in they're all down today. most of them are below the lows which they hit on monday. you see any buying opportunities? >> i don't yet. i would wait for a little bit more pullback. and also you've got to figure out whether the repatriation of money's going to come in. apple has borrowed up no to $85 billion to pay their dividend even though they have a couple hundred billion in their company right now, but it's all overseas. if this repatriation dose through, which is likely -- i don't believe tax reform is going to go through this year. i do not believe that july 4th deadline. but repatriation, i think that will probably go through, and that's one of the things that's kept these big tech stocks with so much cash buoyant and could make them a buying opportunity. stuart: all right, layfield, that was a good hand-holding exercise for our view's. thank you very much indeed. thank you, sir. all right, back to my editorial at the top of the hour, president trump is getting

back to business, and the left is getting back to what i think is an obstructionist agenda. fox news contributor lisa boothe is with us. >> hi, stuart. stuart: how do you -- what do you make of my editorial there? i am saying that the left is just obstructionist all over again despite the shootings that we saw yesterday. what say you? >> well, we've seen a ton of obstruction from them this congress. i mean, look at even looking back at someone like neil gorsuch, you know, someone who you literally couldn't pick someone who's more honorable or who has higher qualifications, someone who was endorsed by president obama's own formal solicitor general. so this is someone who is universally praised on both sides passed, you know, who was confirmed years ago without objection by many of the same senators who voted against him. but he wasn't good enough because on instructionism and -- obstructionism and party politics came into play.

it wasn't about confirming someone who was qualified for the job, it was about making a point and being part of this resistance movement. stuart: now, there is a difference between obstructing the president's agenda and actively encouraging this violent extreme polemic that we have going on. i think there should be -- the left should start retracing their steps. they should accept responsibility for some of the hatred which they have enjennerred in our society -- engenders in our society. that's what i think. what say you? >> yeah. i think there should be condemnation. who would want to be associated with individuals who set a car on fire and broke into buildings on inauguration day or some of the stuff we've seen on college campuses where violence has broken out or a woman who tried to run a congressman off the road because she was upset about health care or another guy at town hall pushing a congressman because he was upset over health

care or individuals blocking the secretary of education from being able to get into a government building, or into a building to do her government duties, into a public school. yeah, i think there absolutely needs to be condemnation for this kind of behavior, and i think that's constructive for the country to try to shut down some of the violence that we've seen. my concern is that there's been a normalization of violence, and it's becoming so mainstream that it's just going to continue to happen if it's not condemned. stuart: lisa, before we close i should say, the her credit, chelsea clinton condemned roundly the severed head graphic from the young lady, the severed head graphic. she roundly condemned it. i think she should be praised for that. >> she did and so did others on the left as well. i think that is a helpful thing to happen. hopefully, that continues to happen moving forward if we do see things like that happen for both left and right to -- at least condemn it. stuart: have "the new york times" do something about that

shakespeare in the park monstrosity with the stabbing of the presidential lookalike. >> certainly disa appointing. stuart: disappointing? mildly so. when you're off camera, you'll say something more than that. lisa boothe, everyone. she's all right. >> i'm all right. [laughter] stuart: i must update the condition of congressman steven scalise. president trump and the first lady visited him at the washington hospital last night. they sat by his bedside, they spoke with the scalise family. vice president pence, he was there earlier this morning as wellment i have to tell you that the congressman is in critical condition after undergoing surgery to remove a single rifle shot bullet to his left hip. he's received multiple units of blood transfusions, and he will require additional operations. that's the latest from -- >> yeah. stuart: new york republican congressman chris collins will join us later this hour. listen to what he's saying about carrying a gun.

okay, it's a quite, actually, so i'll read it to you. if you look at the vulnerability, i assure you i have a carry permit, i will be carrying when i'm out and about. on a rare occasion, i have my gun in a glove box or something, but it's going to be in my pocket from this day forward. dana loesch joins us now, host of "the dana show." you were expecting something like this, i take it, dana? >> that response, yes, stuart. and thank you so much for having me. i did, and i know that there were a lot of congressional members in response to this, and they have said had it not been for representative scalise's capitol hill police, the two officers who served as his detail -- both of whom are heroes, particularly as well as crystal greiner who, a strong woman who was out there protecting congressional members as well -- if it had not been for representative scalise being there, they would not have had anyone, stuart. and these lawmakers, unless they have permits in virginia or are

able to have a permit and carry into d.c. which can be incredibly tricky to get, they were just sitting ducks x. that's what a lot of them said. all they had to defend themselves with were their gloves and bats. stuart: i just want to remind our audience that congressman chris collins will be on this program shortly, about 30 minutes from now we'll hear from that congressman directly. he says he's going to carry a gun. now, i say that there is a link between the violent rhetoric that we've been hearing from the left and the violent act which we saw yesterday. where are the apologies or the pulling back by the left for what they've done to this -- the political climate? i don't see anything, do you, dana? >> it's, that's the million dollar question, isn't it, stuart? what sort of atmosphere do you think that's going to come from having the severed head from a comedienne or having some sort of shakespearean play that portrays donald trump as the one getting assassinated as opposed

to caesar. this is the reality in which we live. we see all of these different riots on college campuses simply because they can't handle a difference in opinion. we have people who think that violently responding to the november election is a way to have dissent. what we saw yesterday, the violence yesterday morning, that's not a protected form of speech. this is an individual who was to no longer satisfied, stuart, with just voicing disagreement on facebook. he had to take it to this extreme. and i do think that the left needs to walk this back. now, i hear all the time, stuart, well, this occurs on the left and right. no, i'm sorry. you don't see people on the right going out and shooting individuals because they disagree with their politics. stuart: well said. i'm going to return to a subject you and i have talked about frequently. i'm an american citizen, firm supporter of the second amendment, but the prevalence of guns if they were to be in everybody's hands or certainly a lot more hands, i don't find it disturbing, i'm just a little uncomfortable with it. reassure me, dana.

>> well, stuart, we don't want to -- this isn't about a guns everywhere for everyone. there are certainly some people who have forfeited their right because of willful action or some, perhaps, who are just mentally incapacitated and are not able to responsibly, lawfully carry. but an innocent american citizen who simply wants to exercise their pro-choice right of self-defense, stuart, certainly they should be able to do so. and the argument, stuart, that because a criminal may carry that should somehow invalidate your right to carry? that is not a good argument. that's not a logical argument. stuart: quick point. i'm sorry to interrupt you, but i don't think congressman chris collins will be allowed to carry a gun in washington d.c. am i right? >> he may not be. i know that even if they can get some sort of permit, then, even then there are a number of loopholes to jump through. now, stuart, you might be aware that representative laudermilk

was -- i think this really should put a fire under congress politically speaking to have national reciprocity for all law-abiding americans across the country so that our rights don't end at the border, at one particular state border, that we can be able to protect ourselves wherever we are, a ballfield or at home. stuart: hey, you, on the left, knock it off. you accept that? >> i do. i do. let's, you know, just because we disagree on politics doesn't mean we have to be enemies, stuart. stuart: well said. you are all right, dana loesch. >> so are you, stuart. you're all right too. stuart: you used to call me varney, now i'm stuart. oh, that's cool. [laughter] >> we're on a first name basis now. stuart: oh, watch out. [laughter] see you later. all right. we are awaiting president trump. he's going to be making an announcement about the apprenticeship program. and we're also awaiting speaker paul ryan who will hold right

about the bottom of the hour he'll be holding his weekly news conference. he may well refer to the shooting of representative scalise yesterday. do we have any detail on the apprenticeship program? >> he wants to increase it by ten times within five years' time, increase to 4.5 million apprenticeships meaning paid on-the-job work mingled with classroom instruction. stuart: let me interrupt you for a second. he want withs four and a half million apprenticeship -- >> in five years' time. stuart: and those would be offered by, organized by private companies. >> correct. stuart: so a youngster fresh out of high school, for example, who wants to learn to be a welder, for example, could go to a private enterprise company -- >> yep. stuart: -- learn the job on job, get paid while he or. >> she is on the job -- he or she is on the job -- >> long overdue, stu. >> it'd be a real pushback to the present university model which is cranking out, you know, all sorts of not very great degrees that don't get people

good -- and there's an ability. there's an honest integrity to doing a job where you do things with your hands and create things with your hands. >> as andy puzder pointed out, you're earning a small salary as to opposed to gaining 200,000 in college debt while you try to find a job. stuart: well said. >> that's right. stuart: before we move on, real fast -- >> yeah. stuart: ashley, you and i grew up in england. >> yes. stuart: england was very much a class-based society. >> yes. stuart: and the upper classes look down on those people who work with their hands. >> absolutely. >> right. stuart: i think the same situation has arisen in america in the last, i don't know, last generation -- >> probably, if not longer. stuart: and i think president trump's going to reverse that. or try to. >> yep. stuart: i'm for the man all the way down the line on that one. >> you know how he's going to pay for it, a 40% cut to federal job-training programs. people think there's a lot of

redun dandy, a lot of overlap there. he's going to cut the department of labor budget by about a fifth in order to get real, serious jobs created for people out there. stuart: that's good. those government training schemes were not successful. they just were not. put it in the hands of private enterprise. now, putting the president's notes right there onto the podium, i see wilbur ross in the background there, i see linda mcmahon. that is the labor secretary. tom acosta -- >> yep. stuart: what's the first name? alex acosta, i'm so sorry. alex acosta, labor secretary. not exactly warming up the crowd -- [laughter] i'm being facetious. >> it's not vegas. stuart: he is introducing the president, i suspect, there may be other speakers before the president actually takes to the podium and gets launched. quickly to the market. i notice it's come back. about 40-odd minutes ago we were down 105 points. we've come back from there.

we're now down, as you can see bottom right-hand corner of your screen, we're down 43 points. i keep saying it, 21,331. >> wow. >> we're down two-tenths of a percent right now. stuart: yes. and i went on the air -- we went on the air at 9:00, so there's going to be a selloff. >> rate hike, all of it. stuart: define selloff. we were down, what, about .25%? that was the extempt of it. now we're down .19%. you cannot call this a selloff. >> no. stuart: you can probably say this is a selloff in the big technology companies. >> yeah. stuart: that's fair. not the overall market what's the betting that we end up today? >> at this rate -- >> i think we do. stuart: you think we do? >> i'll bet you one dollar. [laughter] stuart: you don't gamble? >> big british, you would think it would be the law, wouldn't you? be in the old days maybe a flutter, as they used to say, on

the horses. maybe. [laughter] stuart: in england a bet is known as a flutter. and in england you can bet on anything -- [laughter] on any street corner. ladies and gentlemen, they are applauding, i do believe the president of the united states -- >> there he is. stuart: we will listen. [applause] >> hello, everybody. thank you. good morning. thank you for all being here. before beginning today, i'd like to take a moment to again send our thoughts and prayers to my friend and the friend of most of us in this room, steve scalise, and his great family as he continues his very brave fight. it's been much more difficult than people even thought at the time. it's been -- he's in some trouble, but he's a great fighter x he's going to be okay, we hope. i visited steve and his family

at the hospital last night, and i reassured them that the entire country is pulling for them, praying for them and that we are here for them every single step of the way. america's hearts -- and we mean this in the truest sense -- sends it love. a lot of hearts in this country, great hearts, and they're all sending their love and support to the scalise family. and steve in his own way may have brought some unity to our long-divided country. we've had a very, very divided country for many years, and i have a feeling that steve has made a great sacrifice, but there could be some unity being brought to our country. let's hope so. while at the hospital, i also visited with special agent crystal greiner. terrific young woman. of the capitol police and her

family. crystal is one of the two capitol police officers who saved so many lives through her heroism along with special agent david bailey. they ran right into the fire. they ran right into those guns and the bullets, and they saved a lot of lives. america salutes both of their courage. they have great, great courage, and we all salute them. we also salute the men and women of the alexandria police, fire and rescue and all of the first responders. the timing and the speed and the professionalism was incredible. they performed with bravery and with skill. finally, our heart-felt prayers go out to matt mika who was badly wounded in the assault. to matt's family, anything you need, we are here for you.

hopefully, matt will be okay. in these difficult hours, it's more important than ever to help each other, care for each other and remind each other that we are all united by our love of our great and beautiful country. we're joined today by secretary acos the that -- acosta, secretary ross and administrator mcmahon as we prepare to make a historic announcement to train americans for the jobs of the future. we have a lot of companies moving into this country. you see the up point rate is at a -- unemployment rate is at a very, very low level. job enthusiasm and manufacturing enthusiasm is at record levels, never been higher, and a lot of good numbers are coming out

including almost $4 trillion in gains in the stock markets since the election. $4 trillion. we just signed a big deal yesterday for hundreds of millions of dollars worth of equipment and military equipment going to be made in this country, in our country, for other countries. we've got it going. have to make sure the people are here and they're going to be well trained. so i want to thank my daughter, ivanka, and her leadership. she has worked so hard on this. she understands how important it is. we're training people to have great jobs and high paying jobs. and we're here today to celebrate the dignity of work. it's really a good term, dignity of work. and the greatness of the american worker which aye been celebrating for a long time. probably wouldn't be here if it weren't for the american worker. and the american worker sees what's happening in michigan and in ohio and in a lot of places,

that we've had a huge impact on just in a short period of time that i've been here and this administration has been involved. we have a lot of companies moving in. a lot of plants are being built, a lot of plant ares are being expanded, and big ones are going to be announced very soon. i can't tell you about them now, we want to get them signed on the dotted line. we don't want to talk too quickly. called sign them on the dotted line, right? [laughter] in just a few moments, i'll be signing an executive order to expand apprenticeship is the and vocational training to help all americans to find a rewarding career, earn a great living and support themselves and their families and love going to work in the morning. we will be removing federal restrictions that prevented many different industries from creating apprenticeship programs. we have regulations on top of regulations, and in history nobody has gotten rid of so many

regulations as the trump administration x. that's one of the reasons that you see the jobs and the companies all kicking in so strongly. some very good numbers are going to be announced, by the way, in the very near future as to gdp. so we're empowering these companies, these unions, industry groups, federal agencies to go out and create new apprenticeships for millions of our citizens. apprenticeships place students into great jobs without the crippling debt of traditional four-year college degrees. instead, apprentices earn while they learn, which is an expression we're using, earn while you learn. we're joined today by apprentices who know firsthand how these programs can bring new hope and new opportunities. we're also joined by some of the country's great governors, and i

appreciate them very, very much for being here. we just had a meeting in the cabinet room. charles robell is here with us from wisconsin. where i just left, actually, yesterday. i was with governor walker. charles is a three-time combat veteran who bravely served our nation. highly respected after charles came back from the war, he -- like so many other americans -- faced very tough economic times. charles began taking machine tool operation courses from a technical college. he immediately excelled. he was really, really good at it, they say -- [laughter] that's what they say, i haven't checked. [laughter] where is charles? >> i think i'm doing okay. >> come here. [laughter] charles, they tell me.

i haven't checked it, i want to check you out, all right? [laughter] but he immediately excelled. and by the end of his year-long apprenticeship, charles will be making more than $60,000 a year and going up a lot higher than that. and he loves what he does. i think you really love it, right? yeah, loves it. charles, we thank you for your service to our country both in the military and in exactly what you're doing right now, which is so important. and we congratulate you on this exciting new career. and you're going to have some great future. thank you, charles. [applause] each of the apprentices here today has their own story and their own dreams. that's what they are, dreams. apprenticeships teach striving americans the skills they need to operate incredible machines.

and some of these machines are so intricate, so powerful. and really the word is they are incredible. this is not the old days. this is new and computerized and complicated, and you really have to know what you're doing. but they create amazing products. and to construct skyscrapers that touch the clouds, i mean, you look at the equipment today and just go back ten years ago and twenty years ago, it's from a different world, from a different planet. it's incredible. i just met with the governors from many of the states to discuss how we can work with them to expand apprenticeships and the apprentice programs. i'm also delighted to be here with ceos of major companies who support our apprenticeship initiatives. and we had a tremendous number of the biggest ceos in the world here yesterday. and we talked about this also. and they're fully behind it.

including our effort to help millions of talented young american women thrive and flourish in our economy. we are thrilled as well to have with us today congressman bobby scott and congresswoman virginia foxx who care so deeply about this effort. thank you. [applause] the strength of our nation will be determined by our ability to keep jobs in america. and we're going to keep them in america. you're not going to have companies kneeing like in -- fleeing like in the past. there's going to be a big price to pay for companies that want to leave, fire their workers, build a plant outside of this country and think they're going to sell their product right back into the united states.

gonna be a big price to pay. but we want to keep jobs in america x we want to train -- and we want to train people and hire american workers to fill those jobs. and that's exactly what we're doing. and we're being -- we're really doing a good job of it, and i just want to thank all of our secretaries and everybody involved in the process. not only will our apprentices transform their lives, but they will also transform our lives in the truest sense. today's apprentices will construct the roads and bridges that move our citizens. they will bend the metal and steel that shape our cities, and and they will pioneer the new technology that drives our commerce. but as we train the next generation of americans to do their jobs, all of us here today have to do our jobs. we have to join forces, join

hands and join together to restore the american dream for all our people. and one of the parts of the american dream is we're going to come down very, very hard -- and we already have, you've seen what's going on on the border -- on this massive drug problem that we have in the united states. and, frankly, that other countries have also. and we're coming down very, very hard on it. and if we don't, it's called shame on us. so everybody that's worked so hard on this program and everybody in this room -- including the reporters -- god bless you, god bless america, and let's go out and let's do a really terrific job with the apprentice program. thank you very much. [applause] appreciate it. stuart: that's an interesting

way to end this presentation where he said and you, reporters. [laughter] there's a nice gesture to the media. >> olive branch. stuart: he may make additional statements. we're, obviously, going to monitor that. but what you've just seen and heard is the president talking about the new apprenticeship program which he is very much pushing, which he's announcing today. the bottom line on this is, let's see if i've got this right, elizabeth, four and a half million private sector apprenticeships in the next five years. that will be ten times the number now. >> right. stuart: based on private enterprise companies. >> right. and the president has said there are currently 60 million skilled jobs that are vacant that companies haven't been able to fill because people don't have the skill sets he's talking about now with this -- stuart: did he say six million? >> he has said anytime the past. stuart: over a period of time. >> yes, that need to be filled. stuart: the difference here is that it will be private sector companies which offer youngsters

fresh out of high school a way of training them in a skill -- i keep using the example of a welder -- >> plumber or welder, electrician. stuart: they get paid whilst they're with the company, and they get a job with the company when they've done their apprenticeship. i believe that works a whole lot better than government-run training schemes -- >> absolutely. stuart: -- which are notoriously unsuccessful. >> yep. stuart: that is my opinion based on the facts. so the president there walking away from the crowd. he's made his announcement about the apprenticeship program from here on out to. moments from now, we're going to be taking you to paul ryan, speaker ryan's weekly news conference. that will be an important event today because just 24 hours ago we were reporting the shooting of representative steven scalise. it is probable that paul ryan will say something about that today. and also about health care reform, the health plan and tax reform going through congress. we'll bring you speaker ryan when he appears at the podium.

our next guest has a terrific piece in "the wall street journal" today. i think our next guest has been watching this program. the piece is titled "political disorder syndrome." the sub-headline is "public theater should cancel its trump assassination play, but it won't." have you been watching this show, dan henninger? >> every day, are you kidding me? [laughter] who would miss it. stuart: the point is, i think we're both making the same point, the left is stoking this political climate, and they're not going to back off. and that's what you're saying today. >> i don't think they'll back off, and we're heading into deep and dangerous waters at this point, and we should be a little bit careful. it isn't merely that political rhetoric is heated these days. i think something has been going on for some time, forces put in motion, and that is we have to realize how emotionally and psychologically jacked up

everybody is about politics and their opinions. i mean, like, town halls are not just angry, they are over the top. you go out to campuses, and you don't talk to your opponents, you have to shout them down. the emotional intensity is extraordinary. and i think it has a lot to do with the fact that we've been living in kind of parallel universes for some time now. i say it is related to social media and things like that. the fact is that people in many aspects of their lives are very restricted mainly by things like political correctness. if you say the wrong thing, you can be shamed on social media. in places of employment now, you can be fired for a long list of offenses, many of which people don't recognize. life is very restrictive. and i think many find a kind of release in social media, in twitter and facebook among their friends, it's like a wildlife refuge where you can run naked against all this dammed-up political opinion. and you see it coming out in

kathy given's beheaded -- griffin's beheaded head of trump which she tried to defend by saying it's a woman thing. how psychologically dislocated can a person become? stuart: extraordinary. hold on a second. the sub-headline to your piece, you're talking about shakespeare in the park -- >> yeah. stuart: a lookalike for president trump stabbed on the stage night after night. >> right. stuart: the new york time is the is a sponsor of that event, and you're saying they will not retract. they will not walk away from their sponsorship of this violent play. why not? >> well, i think for a couple of reasons. i mean, i call what i'm talking about political disorder syndrome, and i think public theater and the sorts of people you find who are so hysterical about trump, are suffering from a psychological condition. ly are say -- i will say that i think public theater is exploiting that syndrome by putting on a play about trump being assassinated which they know a lot of new yorkers are

going to come to see, and it's going to build their audiences. and i think that cynicism is going to overwhelm any sense at this moment after the scalise shooting that it's time to dial it back. i mean, i've got to tell you, stuart, living through the eight years of the obama administration something like this was always in the back of one's mind, a possibility of an attempted presidential assassination. one felt is so relieved to get through it. now these emotions are in play again with attempted political assassination. and you would think people in positions of responsibility even on the left would say we've got to pull back a little bit. politics is tough these days, no question about it. but the emotional component of it is really getting dangerous. stuart: you've put your finger on it. dan henninger, i agree entirely. thank you very much. >> thank you, stuart. stuart: all right. let's take a look at the s&p 500, okay? we always bring you the dow, the nasdaq occasionally, how about the s&p 500? down nine points, at 2,428.

[laughter] while we're showing you the s&p 500 -- [laughter] there's a good reason here. it's not just tsa broad-based indicator -- it's a broad-based indicator. oh, no. david stockman, former budget director under president reagan, this man says that the s&p 500 is going to fall 35%. that will be roughly the equivalent of about 800, 900 points if i'm not mistaken, is that correct? >> well -- stuart: first, before you launch -- [laughter] when, now, we're down today. >> yeah. stuart: is in the start? >> i think it'll happen any day because we're a country that's out of control. stuart: you've been saying that for donkeys' years. >> okay -- >> that's a long time. >> hey, stuart, i could have said that in february 2000, and the market dropped by 60%. i could have said that in november 2007 and the market crashed. i could have said it, i'm old must

enough to remember october 1987. okay, markets go up on an escalator, they come down on an elevator. this is the most hideously overvalued market in history. it is trading today at 25 times -- now, let me finish -- the $100 a share that the s&p 500 earned in the period ending in march. now, i go back ten years to june 2007. the s&p 500 earned $85 a share. that's 1.2% growth nominal in ten years, and cow want to pay pay -- and you want to pay 25 times earnings going into a world where the fed yesterday said we're going to shrink the balance sheet by $2 trillion over the next several years, where we have a government that is in total chaos, a president they're trying to unseat, a debt ceiling that can't be raised, a tax bill that will never pass.

going into all of that, to say nothing of the red ponzi in china one of these days spilling its guts all over the world economy, and you want to pay 25 times earnings for today's stock? be my guest. this is a mania. this is a mania. stuart: the one time when i've given you full throttle, the full ability to go ahead and make your case, you actually may made a very intriguing case. i'll give you that. okay. stuart: but the trouble is -- two points. >> yeah. stuart: you mentioned october 19th, 1987, wasn't it -- >> october '87. tree points. stuart: okay, there's that. there was the low -- the big selloff that took us down to 6,000 on the dow by march of -- >> 2009. and in 2000 we had a massive -- stuart: yes, yes, yes. >> and the nasdaq -- stuart: not that particular occasion, but in '89 and in '09, 2009, the markets bounced back.

very, very quickly. >> because -- >> stuart: why can't the same thing happen -- >> because the fed opened up the stimulus chute and printed money like there was no tomorrow in seven weeks after the lehman bankruptcy. bernanke doubled the size of the balance sheet from 900 to $1.8 trillion, did in seven weeks what the fed did in 90 years. my point is they can't do it again. stuart: okay. >> they're out of dry powder. stuart: okay. i'm listening to you. >> okay. stuart: you've got all of our viewers worried tiff. >> they should be. [laughter] anyone in the market today, get out of harm's way. stuart: the script says, thanks, dade. that's very good. thank you very much for joining us. we do appreciate it. what we've got now is a mere 20-point loss for the dow industrials. by the way, when the president started to speak, we were down 40. now we're down 24. and who's next? i'll tell you.

congressman chris collins. he says nowadays he's going to start carrying a gunful we'll be back.

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>> in los angeles, there's video of the new super mario odyssey platform. this is a new switch game. it'll be launching. they are revealing multiple things at this particular conference going forward for their switch. this all happens while microsoft announces at the same conference they have a new xbox coming out at the end of the year as microsoft, xbox, sony playstation and nintendo all battle it out for gamers.

♪ he came to the world justin the usual way ♪ ♪ but there were planes to catch and bills to pay ♪ ♪ so i moved my meeting saw him walk that day ♪ ♪ he was talking 'fore i knew it, and as he grew ♪ ♪ he'd say i'm gonna be like you, dad ♪ ♪ you know i'm gonna be like you ♪ ♪ and the cat's in the cradle and the silver spoon ♪

♪ little boy blue and the man in the moon... ♪ stuart: speaker paul ryan holds his weekly news conference today. we thought it was going to be at 11:30, it has been postponed. he will appear at some point. got it. our next guest says, this is dramatic stuff, he's going to start carrying a gun. this follows the shooting of congressman steve scalise. congressman chris collins is the man who is going to be carrying a gun x he joins us now. everywhere, congressman? everywhere you go? you're packing heat? [laughter] >> el w stuart -- well, stuart, i've had a carry permit for over 30 year, and depending on the situation, if i thought it was prudent for me to carry a concealed weapon, i have done that in the past. i might have it in my glove box but, yeah, i'm more attuned right now than ever to safety. certainly, i can't in d.c.

we've got a law that prevents that. stuart: yeah, you can't. you work in d.c. a lot of the time. but you can't carry a handgun concealed or otherwise -- >> well, that's why i'm a sponsor, stuart, of a law that would change that and say if you have a a concealed carry permit in any state, you can carry in other states. i've actually sponsored that legislation. but for the time being, i will say this, once we're in the capitol compound, in the the complex here, it is extraordinarily safe. and that's very different if we're in our districts, we're going to public events. security has got to come first. on saturday i'm out and about, and the sheriff of one of the counties is going to have a deputy or two traveling with me, and it's not just safety for myself, but my staff and, frankly, the public if somebody were to have a thought in their head that would be, you know, taking law into their own hands, if you will. so i think we have to to put safety first. and it's having police when we're in the public.

and i believe that a law-abiding citizen with a weapon will help keep a situation safe. i've always believed that, and this goes back 30 years. so -- stuart: okay. >> i'm just going to be a little more diligent because of what happened yesterday. stuart: understood. of it's a grim situation, and you're responding to it. >> it is. stuart: thank you, sir. now hold on a second. moments ago nancy pelosi was asked what she thinks is causing all of this nasty, violent political speech. listen to this. >> i think a lot of the vitriol and invective, i mean, one of the people that went to jail for threats to -- eventually, when they finally found him because he was very resourceful in hiding, when he was being tried his mother said he just watches too much fox tv. that's what she said. stuart: let me clarify this for a second. speaker pelosi was asked about a threat that had been made to her, a person who made the threat. his mother said he's been watching too much fox tv.

that seems to me that she's reversing here and saying it's all us. we're responsible for this. i'd like your response, please. >> you know, very, very disappointed in leader pelosi to, after everything we said yesterday and myself included, acknowledged we need to measure our words, the political climate today is not a healthy climate. we're divided, it's anger. and for her now to point a finger at fox -- which is a finger at republicans -- that's wrong on every front. i'm very disappointed in leader pelosi, because we're trying to go in a different direction. i hope she reverses what she says, tries to clarify it as best she can. but that tells you part of the problem in this country. stuart: you'd be surprised, congressman, how many democrats watch this program. my own program included. you would be very surprised. >> no, i wouldn't. no, i mean -- stuart: good. >> we're talking about fake news on some of the other places, stuart.

not with you, that's for sure. stuart: congressman chris collins, been with us since the start of the trump campaign. always a welcome guest. >> okay, stuart, good to be with you. stuart: look at this. you are looking at the price of oil. why are we bringing you the price of oil? okay, it's down to $44 a barrel. there's a supply glut, an oversupply, you can say that. maybe that eloff in oil is -- selloff in oil is hurting the stock market. it is still down. and maybe there is a silver lining in those lower oil prices by the name of lower gas prices. what you're looking at now is the price of gasoline nationwide. it averages $2.31 a gallon. that's down four cents in a week, but look at this. could this be the sign of things to come in the very near future? look at south carolina. $1.99. $1.99, that is the average price of regular in that state. >> wow. stuart: below $2. oklahoma, alabama, only just above $2 per gallon.

oh, here's one more. where is the cheapest gas in the nation, and what does it cost? $1.73 at the on cue express in oklahoma city. >> what? >> let's go, baby. stuart: $1.71 at that gas station. can you beat that? now, i'm going to repeat my prediction. i say by the end of this month, june 2017, there'll be at least half a dozen states in america with an average price of gas below $2. >> i'm with you. >> yeah. don't you have a routine where you go to the gassation after you get -- gas station after mcdonald's coffee, then you drive in the van -- stuart: the producer says we're going the straight to the tease. [laughter] i always to obey chrissy, and she knows what she's doing. [laughter] you know who we haven't heard from yet today? judge andrew napolitano. he's waiting for us. wait a second, we're going to do a commercial, then it's you, judge. we'll be back.

stuart: i want you to look at this headline from "the washington post." here it is. special counsel starts investigating trump for possible obstruction of justice, officials say. president trump fired back on twitter, here it is: you are witnessing the single greatest witch hunt in more than

political history led by some very bad and conflicted people. judge napolitano is with us now. now, is -- what's the chance of us going forward towards impeachment? is in this a genuine impeachment move, or is it just the left using the law and legalisms to obstruct president trump's agenda? >> you know, bob mueller would get a kick out of anybody calling him "the left," and i don't know -- [laughter] stuart: sorry. >> -- i don't know the answer to your question about how substantive the evidence is because i don't know what the witnesses have told him. but here's what he's confronted with, a former director of the fbi made arguably credible allegations against the president of the united states. the attorney general of the united states had the opportunity to refute those allegations and did not do so. that is certainly enough to commence an investigation. now, when the fbi commences an

investigation, stuart, it doesn't mean they think the person's guilty, and they may be gathering evidence that exfull pates the perp -- exculpates the person as well as produces or leads toward guilt. at this stage one can say that the president is the subject of a criminal investigation but not that he is the target. the difference is they're in the initial stages, they're gathering stuff, they don't know what they're going to gather. they haven't yet decided that he's probably guilty, and they probably have to move forward. and if they did, they can't get an indictment of him because a sitting president can't be indicted while he's still sitting. stuart: hold on a second, judge. i've got an upi date on the medical situation of steve scalise. >> they're calling it, quote-unquote, complicated. the doctors are evaluating his situation in 12-hour increments. we heard earlier that the bullet hit him in the hip but also fractured the pelvis, many organs were affected by this, and bleeding has been a big issue. they say what they're going to do now is just look at perhaps

another procedure today, but as they say, the word is complicated. keeping a very close eye on him. stuart: judge napolitano, we don't have much time for this, but our thoughts and our prayers go out to the family of steve scalise, and i'm sure you will join us in that. >> you know, i had a couple of funny one-liners to end in this time with you, but there's nothing funny about this. it's dreadfully serious, and i'm saying hail marys for him, stuart. stuart: well said. we'll see you on "special report" tonight. there will be more "varney" after this. is $728 a month. that's almost 9 thousand dollars a year. now judy doesn't think that she'll be able to retire until her mortgage is fully paid off. this is mike. mike is also 63 years old. his mortgage payment was $728 a month. mike thought he would have to work for another 12 years until his mortgage was paid off... and then mike heard about a reverse mortgage

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12 hour incrments they're reevaluating his situation. stuart: president said earlier today scalise will be okay we think. let me get that right, we hope, that was from the president. neil sorry to hand it over to you in such dire circumstances but it is yours, sir. neil: i know what you mean, steve. very good man, decent man, hope he comes through it. you can't tell with initial reports. he was head in the hip, you think he will be all right. there are a lot of vital organs in that neck of the wood. trying to crawl to safety might have complicated things. obviously to your point, thoughts and prayers are with mrs. scalise of course, the third highest ranking republican, more face of the anger that seems ill-contained these days. we'll coop you updated on his condition where it goes. keep you updated what the