as kelly ann put it. i want the republicans to seize the moment where people are looking for unity and to move forward. it's time, let's do it. >> we'll leave it there and another big show. and thank you for joining us this morning. "varney & company" is on deck. charles payne in for stuart. >> thank you, maria. i'm charles payne, stuart is back this morning. we've got big stories for you, including another man who plowed into a crowd leaving a mosque. one dead so far and eight others rushed to the hospital. police arrested the suspect, a 48-year-old white man. more details on that. an american fighter jet shooting down a syrian plane that attacked u.s.-backed rebels there and the tensions with syria, not happened in, many, many years and ramifications there. and at home, some big names with tech headed to the white house and they're going to meet with president trump. that's an amazing meeting. silicon valley and president trump not necessarily seeing

eye to eye on a lot of things and some of the guys not happy with the president after he pulled out of the paris climate accord and many other things. contentious may be an understatement, but we're all over it. your money, it looks like you're going to be making money this morning, all major indices looking higher. this is what you're looking at the dow 30 minutes before it opens, it will open at a new all-time high, and a big stock story that we're following for you, of course, that blockbuster deal announcement, amazon buying whole foods and both stocks soared on the news and jeff bezos $5 billion away from being the richest man in the world. a big day for politics, a big day for your money and we've got you covered. "varney & company" starts right now. ♪ all right. let's get down to the london van attack. liz: the latest now, it could

be ten injured and two injured and by the way, one person dead. two of those injured have been injured quote, seriously. it happened after midnight june 19th. two men jumped out of the van and ran away, but they think this person acted alone. a 48-year-old white suspect now in custody and he said i'm going to kill all muslims. what happened, it happened shortly after midnight as prayers were ending for ramadan. the worshippers were trying to assist a senior citizen out of the mosque. the van veered off the road and plowed into the crowd. so, theresa mejias been on the seen and so has the mayor of london. we'll stay on the story for you, charles, with potential updates. >> apparently, theresa may called it a terror attack and mentioned hatred and evil of this kind will never succeed, but, of course, it's been happening too often in london. we'lbe back on that.

a story for our wallets, stocks opening higher. crude oil, west texas intermediate, and we've got a major oversupply even though more recently inventories have come down. the good news, you're looking at it there gas now averaging just $2.29 nationwide and the cheapest state for gas where stuart is this morning, south carolina. 1.96, he's fueling up. get it while you can. speaking of cheap gas, one of our viewers sent this picture, a station in corpus christi, texas, $1.94 for regular. a big deal, of course, we told you about on friday, amazon buying whole foods, 13.7 billion dollar cash deal, cash the operative word there, i love cash deals. more on the amazon whole foods story, the big names, in fact shall the biggest names in tech headed to the white house today and joining us is james freeman from the editorial page and james, what do you expect from the meeting?

>> what i'm hoping we'll see in the meeting is a strong message from silicon valley, a lot of these companies have a lot of cash trapped overseas and hope they're saying we need the tax cut, we need it now and we need to get that corporate rate somewhere close to the 15% target, president trump, from 35%. throwing in the state levees, highest in the industrial world. >> although many of these guys are making more money outside of america than in america and a lot of them are investing in these countries as well. how do we get them to say, even if they're doing business in china to make the iphones. will it take more than tax cuts? >> certainly. the highest rate in the industrialized world is not an incentive to operate here and i think if you change that huge differential. if you go from being uncompetitive to among the most competitive in the world, which is what president trump is

talking about, with the 15%, it's a game changer. europe and asia, most of our competitors, you're in the 20%, the 25% range down to 15%. it's really, you know, we've talked about this renaissance in manufacturing that he wants. i think you see a lot more of it here. >> the paris climate accord, silicon valley, very, very much against what the white house just did. they thought it was an amazing, just like most quote, unquote, globalists. how does the president bridge that sort of contentious issue? >> well, i think the attendance add today's meeting tells us this is not a deal breaker. a lot of silicon valley, politics tends to lean left and they were disappointed in the decision. they are basically showing up other than elon musk. most of the tech companies. >> it doesn't mean they're happy with it. >> they're not happy, but decided whether it's climate or

immigration and most of the tech industry decided they'd like to keep talking with the president and try and work on solutions as opposed to just writing him off. now, this is not to say that, it would be good if he ended up finding common ground with them and getting back into that deal, but i think that if there's room for common ground, it would seem to me and that's why i bring up the tax issue, that's one thing where they should not be in disagreement here, and obviously, that's got to be the number one agenda item as we think about it. >> billions of dollars, and talk quick about the body language that we should expect between jeff bezos and president trump? because listen, obviously, washington post, jeff bezos owns it, not necessarily favorable to the president and made the blockbuster deal that some people think could face anti-trust issues. >> i don't see that. i think it's more of a question, what's the point here? it's a small player in the grocery market in terms of market share. i think that maybe amazon learns a lot, but as far as his

meeting with the president, i think it's this awkward body language you'll see from all of the ceo's. they don't agree with him on immigration, climate, some of the other issues, so i think, it could be an awkward meeting, but let's hope that-- . so there's a good chance during the meeting, jeff bezos will be the richest man in the world, do you think he'll go to trump like this? [laughter] >> sorry, guys, and we'll talk about this big deal, amazon buying whole foods. almost a $14 billion deal. and amazon proves again, you know, it wants to dominate the world, and groceries. groceries, we all buy them, we all use them, but it's been a tough place to conquer for on-line companies. >> i think because the margins are so thin in fresh groceries. amazon is going in and we're talking about before and now, not valued on this, but revenue. there's ramifications for the rest of the industry. >> what are the ramifications.

this is the fifth largest in the world and i think that the competitors could push back and ask for help from regulators saying these guys are going to destroy what thin rgins to begin with. >>ou look how the market reacted on friday, maybe an overreaction, 50 billion of market cap vaporized. i was literally looking at the board on friday, as it was going down, it was like the last scene in "the rock", and when nick cage vaporized. that was the announcement of the deal. >> i told someone, is this the beginning of of the end for brick and mortars and i said that might have been the coup de grace. that might have been the exclamation point. >> that $50 billion, i know it's kind of esoteric point, if they had invested in technology the last five to ten years, they wouldn't be in the

difficult position they're in today. the company like you, the focus is on, listen, up upstarts and rivals to amazon, on-line, does this also force you to consider having a brick and mortar arm or wing, even if it's for distribution? >> it's interesting because since i've been on the show, since we started my garage, every single question between you and stuart has been when are you going to sell? when are you going to sell. >> i'm not asking you to sell. but the other narrative, if they invest in whole foods, they don't see bricks and mortar going away, just a different role. >> at the end of the day the race we're running, mountain top, folks are trying to figure out retail. the technology folks are trying to figure out retail faster than retail is figuring out technology. amazon took a shortcut and all the other retailers are looking for shortcuts. >> how would that impact you? >> i look at it this way, right?

we've been a highly valued asset because of the skillset and what we bring. we worked on this play book moving at the speed of a technology company. if you don't move at that speed and you're starting today. it's going to be a really long race for you to just catch up. >> and brick and mortar is pure play. the wal-marts and kroger's, can they catch up on the tech side or they're at the mercy of evolution? >> no, i think they're on cash piles, thin margins, but some of the companies have cash to spend and they can spend into it, but it's going to take drastic action like wal-mart. >> should any of them call you today? >> thanks a lot, buddy. [laughter] >> a quick check of the futures, opening at a new all-time high, a huge, huge move there in part, by the way, journal is saying because in france macron has so much overwhelming power you're going to see real tax reform. speaking of tax reform, people like that. a navy ship, you heard this

news on friday, crashing into a cargo ship off the coast of japan. we have seven sailors, big trouble for cash strapped illinois, the state, well it could make history becoming the first state to file for bankruptcy. the lowest credit rating for all 50 states and you can't even play the lottery there anymore. and an american-- how do you i pronounce the last name again, koepka. i watched this guy, the first two holes and i knew he was going to win. he ran away with it. he was solid, he was strong, he was confident, and even though my main man ricky fowler faded away. anyway, it's a huge win for him. his first major tournament victory. more varney after this. [vo] when it comes to investing, okg 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

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time's up, insufficient we're on prenatal care.es. and administrative paperwork... your days of drowning people are numbered. same goes for you, budget overruns. and rising costs, wipe that smile off your face. we're coming for you, too. for those who won't rest until the world is healthier, neither will we. optum. how well gets done. >> well, we have more details on that u.s. navy ship since it crashed into a japanese cargo ship off the coast of japan, what's the latest. >> seven sailors dead they hail

from virginia, connecticut, texas, ohio. this happened 2:05. 2:20. it's one of the worst in navy history. a ship, philippine flag rammed into the u.s.s. fitz gerald, three or four times the eyes size of that chevy ship. 25,000 tons is the size of the cargo ship. they're trying to figure out what happened. it's a congested shipping lane. they're not sure why the crash occurred. we'll stay on this one. charles: in the meantime, a u.s. strike aircraft shot down a syrian government fighter jet yesterday. joining us lt. colonel ralph peters. colonel peters, what do you make of this. it's the first incident of this kind in several years, i think at least three years. what are we learning here? >> well, we're learning that this is a very dangerous part of the world. to briefly recap for the

audience, the syrians were attacking the freedom fighters back on the ground. we told them to knock it off, warned them. instead they sent in a syrian fighter to do ground attack against our guys. we shot it down. now, the russians have threatened to shoot down any aircraft, meaning u.s. aircraft, that flies west of the euphrates river. that would make it virtually impossible for us to conduct support operations for the end game against isis. so the question now, charles, is putin bluffing again? or is he going to roll the dice? would he shoot down a u.s. aircraft? he's a high stakes gambler, most of the gambles have made off in the past, so anything could happen and it would be a great test for president trump, i tell you, if the russians started shooting down american aircraft. charles: do you think because that syria thought we weren't going to protect those fighters, there have been question marks who they are in the last several months, the kind of commitment we should

have to them, whether they've been effective. do you think that syria thought maybe we had abandoned those fighters? >> no, we had told the russians again and again through communications guys, they're the strong anti-isis fighters, kurds and arabs on the ground, we know they are. they've been carefully trained and u.s. advisors with or very near them. so, these are good guys. it was not a mistake. the syrians were testing us, they're testing the president, and it's really a very complicated multi-layered game here because the iranians are behind what the syrians do even more so than the russians. and, charles, this-- things just don't change over thousands of years. the iranians' dream as the old persian empire did, of a direct route from iran across what's now iraq, syria, lebanon to the mediterranean. this fight now, the end-game against isis is about strategic

real estate that iran needs to get that route to the mediterranean. and you know what? these are carivan routes, ancient carivan routes, the ottomans, down through the centuries, still fighting across the same routes across the middle east. it's amazing. charles: before i let you go. i want to ask you about this london mosque attack. of course, it feels like every week, i think it has been in the last four, some major significant terror news coming out of london or the u.k. your reaction? >> well, i'm very, very concerned because i lump this attack with the attack on our congressmen in alexandria, virginia last week in the sense that it's not a religious attack, even though this targeted muslims, the guy doesn't appear to be a christian zealot. i'm very worried on top of islamist fanaticism and terror we're seeing a resurgence of the awful political terrorism,

the assassinations, kidnappings and bombings we saw here in the 1960's and in europe in 1970's. i lived through that and we don't want to go back there. charles: colonel peters, as usual, thank you very very much for your insights. >> thank you, charles. charles: here is a question, can the senate get it together? can they repeal obamacare before the july 4th holiday? they're optimistic. democrats say they'll do everything they can to slow down the process. we're on it. more varney after this. dearthere's no other way to say this. it's over.

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ahhh! that works too. find your esome with the xfinity x1 voice remote. see despicable me 3. in theaters in june. >> hey, don't forget about gold just sitting right below 1300, the safe haven has found some support here, but needs a catalyst to break out. of course, we want to get to health care. james freeman with the wall street journal editorial board is still with us. obamacare repeal, is it going to happen? >> yes. >> they moved through the house bill, they're saying signed by the august recess. obviously, the senate has been talking any day about rolling out a bill. it's taking a while, but i think they end up doing a deal and probably not as nice to taxpayers as the house bill, but they're focused on trying to keep that individual insurance market from

imploding. charles: we keep hearing house republicans, is that their way of putting pressure on the g.o.p. senate colleagues, so to speak? >> i think they understand now, it's kind of late in the day. so, i think whatever comes out of the senate is probably going1 to be the deal. and you know, as we have seen, the house bill had a big tax cut, big reforms on spending. i think you'll look in the senate. charles: and make it less mean, i'm of course referring to reports that president trump called the house version mean and you know, listen, when this went through, i personally think it's a mistake to suggest that 23 million people don't want health care insurance that people don't want their children to have health care, i think anyone who makes that claim is elittist or worse. >> that's mean is telling people they can keep their doctors and what's really mean why people may not choose

insurance, altman dates in obamacare made it expensive. charles: that doesn't mean they don't want it. what will the senate version do? i think that medicaid can be an issue. and medicaid expansion, and i think that $8 billion olive branch wasn't maybe enough. >> right, and a lot of them expanded because short-term, like a lot of government programs, it didn't look too expensive. charles: it seduced them in. >> and how do you wean them off it? how do you move back toward a free market where consumers are making the decisions? that he is the question and probably, a more gradual move toward reform in the senate building. charles: you're confident, you think before august? >> yeah, to get it done. if they don't, they can't leave. they need to cancel the recess. charles: i agree with you there. i appreciate it. thanks a lot. by the way, just a few minutes away from the opening bell. dow jones industrial average will open at a new all-time high. you're looking at it now, tech names are looking to rebound, this could be one big session for the market and for your wallet. "varney & company" will be right back.

>> the opening bell is just 30 seconds away. remember last week was crazy, rough and tumble. brick and mortar retailers were crushed. the technology stocks came down big time all week long and then, of course, the rotation into the blue chip names

driving the dow jones industrial average to record closing highs, three of the five sessions, including friday. that big market will open higher today. a sign that some people want a little more quality in their portfolios and perhaps it's too early to write off tech as well. the first big dow up 24 points and significantly higher in the trading session. we're populating the dow board and looking at it. the red names, six, seven, down stocks. for the most part they're up higher. check on the s&p 500. looking good, strong up. and nasdaq, the tech-led nasdaq exchange nothing short of a juggernaut. and nasdaq has done extraordinarily well. we want to bring you some of of the big tech names that we check every-- there's the index for you up 43 points, almost a 1% gain early

in the session. some of the big tech names. essentially amazon getting whole foods for free the way it's trading right now. apple, alphabet, facebook, microsoft, all significantly higher and of course, the big new amazon buying whole foods and they've made up the market cap perhaps twice now. joining us to discuss it all. liz macdonald, keith fitz-gerald and scott shellady. the markets are in record territory. keith, the question is can anything stop the market? >> i think there's going to be a geopolitical or geo terrorism events, russia starts shooting planes, yeah. but growth drives prices and price drivings earnings and earnings drives your investments. it's a question at the end of the day to get rid of the emotion. charles: you have to get rid of the emotion. scott, what do you think? >> that's what it is.

sentiment and confidence are still high, but that's all that's still high. if you want to take the ugly curtain away and look at the economic figures that come through, they haven't been that good. we've been slowing down when it comes to jobs. it's all about sentiment and the confidence, it means it's all about congress and they've got to start to get things done here or we're going to stall in thin air. >> he makes a great point of the last week almost every single economic report out missed and i was concerned about that confidence number on friday because june, up to june 8th. confidence was at 97.9. after, it was 87.7. what happened on june 8th, the comey testimony. i think all of this noise may bog down the investors and confidence. what do you think? >> i think that investors were reassured that comey really didn't have anything on president trump. in that way, i think that was a message of reassurance, but in terms of why are we seeing the economy still bumping along at obama era levels and the market is going like this.

>> the big data has bad last week. the home builder confidence numbers, foot traffic, that exploded in december, after the election, the first time it's contracting. you don't worry that maybe to your point, if d.c. doesn't get its act together, this could be short-lived? >> we need the tax cut and i think that investors are holding out hope that part of the reason for the valuations, but another part, no doubt, is that central banks around the world have printed a lot of money. the world is awash in cash. bonds are extremely expensive. so, the natural place to be is stocks. as they show good earnings. >> the natural place has been the tech names, too, guys. big tech names. scott, the question is, as long as we still have a little bit of a dip. do we buy this or they're too expensive at this point? >> it's hard to take your inheritance in at this level.

you've got to buy slowly, but surely. you'll get better prices and i think the market will back up at some point in time like you said we might have an event. you can't always wait for that so you have to be in the market. so i would slowly, but surely fold the money in and looking for maybe better prices down the road. at the end of the day this is where you want to be. this move, charles, has only just gotten started and technology is only starting to affect the way the economy works so there's a long way for this to run, but you might find the road a little bit-- >> can i give a reality check what the tech stocks are doing through the end of may? it was a placid peaceful time, up and up, the volatility was sucked down were utilities and stayed where consumer staples were. they're cherry picking names right now. charles: i want to talk about the biggest names headed to the white house this afternoon. all right, keith, there are a lot of topics here, h1b visas,

another topic. silicon valley loves it, a lot of americans, particularly older americans with engineering degrees are saying it's pure discrimination. what are your thoughts? >> and i'm not figuring out the h1b visa because i can see both sides of the coin. tech executives smart or not decided they're going to play ball with the president. that's what you want to see. you want to see engagement because that's how the businesses move forward. i think the big issue is taxes, and that's going to override visas. and they've got to figure out about the cash overseas, that's where most have sales. charles: i'm concerned because i watch the companies go to talk and then like general motors did on friday, they're announcing they're moving jobs to mexico. i'm not sure they're playing ball to keith's point. >> i think you're right.

they go and sit with the president in his lair to see what he's doing and then the optics looks good and when they come back home they've got to do what they've got to do. it's an opportunity to see what the enemy is doing and see how the future is going to be, they can't not afford to be there, but i don't think it's going to change a ton of their policies whatsoever. charles: let's not forget amazon buying whole foods. almost 14 billion in cash. scott, do you think it's a game changer? >> i do think it's a game changer. there's speculation why this has happened. whole foods is expensive in nice areas. prime people for amazon in those nice areas or view those stories as centers to distribute from or might have made a mistake friday morning and said, alexa, what do you buy from amazon or? whole foods--

bought whole foods instead. liz: talk about food deflation. prices are going to come down because jeff bezos wants to go after low income and middle income and get rid of cashiers and have kiosks, and one analyst suggests he could go after the discount chains, dollar general. he's going after that, he said that. >> i think if you were a shareholder you'd rather he paid stocks rather than cash for this. charles: i disagree with you there. i think the fact that they used cash shows me that jeff bezos believes the stock is more valuable in cash and almost every time we see a cash deal, those stocks go up. liz: it did pop. >> it's an expensive stock by any traditional measure. you wonder, even as we see this transition on-line, this is traditionally a low margin business and now you've got more european companies to come in and competen 0 the --

compete on the l end. charles: i saw one of those german supermarkets near my house. i don't know about this being a moneymaker than more tentacles into our homes for amazon. >> i think it's going to be more tentacles. but this causes concern for every retail mortar business out there. for those guys who have not kept up with technology, imagine what happens when they go after lowe's or home depot. what industry is next, to see, i can see a handful of these things. price transparency is good and good for the consumer. see if the anti-trust regulators can wrap their minds around it. charles: one of the two areas growing as fast as internet have been home improvement and garden supply companies like home depot. >> exactly. charles: the whole foods quote there, is more than the offer. some people believe there could be a higher bid perhaps from some of the brick and mortar guys, like kroger trying to hold on. let's check the big board.

we've got a strong start to the session, dow jones industrial average, up 66 points and virtually, well, two third of the dow 30 higher. get this report, lockheed reportedly close to a $37 billion deal to sell f-35 jets to 11 countries, that stock up 12% this year. and now, look at this. oil started to firm up on friday and now right around that $45 number. it was support and now resistance. if we can break through there, maybe we could break out despite the supply. good news for many americans, gas, 2.29 nation-wide. you know that stuart wants super cheap gasoline for the summer driving season. are we going to get it? are we talking a one handle? >> yeah, we are. you know, with what we found as far as shale in west texas and what we found in oil in alaska, this is going to really disrupt a lot of what we've been thinking about talking about over the last three or four years. remember, what does a dollar a

gallon gas do? that's ridiculous now, but what does $1 a gallon do to tesla or fossil fuels so cheap you can't afford not to use them. maybe the new technology, how do you burn those cleaner rather than the batteries and everything we have been talking about. charles: james, what do you think? there's a point where we can no longer-- the fracking miracle no longer works in most places, perhaps the cheapest. >> i don't know where we're near that. another take away opec may be done as a-- as any ability to set global prices. we've seen u.s. rate counts going up week after week after week and frackers getting more efficient. and i think hard to see how oil prices rise from here. charles: all right, guys, thank you all very much. james, kth, and scott. one more check on the big

bod, and we've moved up ten points during the last ten minutes, five minutes. the dow now up 75 points. looking very, very strong. you're looking at an all-time high there, folks. in the meantime, a parent group in colorado making a push to make it illegal for phones for kids. and president trump saying he's being investigated for firing james comey. his attorney disagrees. we'll sort it out with judge napolitano next. look closely.

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gm opening up a plant in texas. nicole, 600 jobs are going to be created there. nicole: coming from mexico to the united states of america. trump's platform was he was going to be the greatest jobs president and while all of these companies are bringing jobs back or keeping them home to begin with, is part of the discussion, and we're seeing gm right now slightly to the upside, 600 jobs that will be from mexico to the united states to arlington, texas to an area where they're manufacturing suv's and the concentration of parts in there are high from mexico so they'll work hard to make them in u.s. these are job announcements from companies , and there are a slew. oh on mobile 45,000, and this is since the election, you can put ibm, gm, fiat, ford, intel, lockheed martin, wal-mart, just to name a few, trying to keep the jobs right here at home.

i hope you had a wonderful father's day and all the fathers as well charles: i did indeed. and president trump tweeting on friday, i'm being investigated for firing the fbi director by the man who told me to fire the fbi director. witch hunt. now, here is what the president's attorney had to say on fox today. roll tape. >> no one wants to undermine the credibility of the special counsel, on the other hand what the president has been accused in the media of doing or through leaks in "the washington post," it doesn't constitute obstruction of justice, if facts were to be proven would not violate the law. charles: all rise, judge andrew napolitano is here. judge, i mean, conventional wisdom has shifted, particularly after the comey hearings, that well, certainly up to a point president trump was not under investigation and i felt that was no longer a question, but then the tweet

comes out on friday. >> yeah. charles: based on a washington post story. >> you know, i've known jay for 20 years and have great respect and even affection for him. he has a difficult job, why lawyers don't make great pr people, pr is sometimes receptive and use certain words. jay, yesterday told chris llace the president is being investigated and told chris twice, the president is not being investigated. and you do that with chris wallace there's a price to pay if you see chris wallace's interview with him. here is the thing, did jim comey present enough evidence publicly to the senate intel against committee two weeks ago to justify opening up an investigation of donald trump for obstruction of justice and bribery? answer, yes, it doesn't mean there's enough evidence to convict or even enough evidence

to charge, but there's enough evidence to commence the investigation and quite frankly, the special prosecutor would be derelict if he did not investigate. sometimes investigations are to clear people. charles: right. >> to get them out of the path. sometimes they are to see if they're going to become a target. now, i think jay, in defense of him, was relying on the fact that president trump has not received what the justice department calls a target letter. that's a letter we hope none of our friends get because it basically says we're about to indict you, you're a target. you want to tell us why you should not be ip diet. the president will never be indicted, sitting presidents are not indicted for crimes, they're impeached and then the criminal issue, this has never happened, but the way it's supposed to, would, issues are addressed after that leave office. charles: what responsibility now would mueller have in this particular case if indeed this

was leaked from his office. he's only been special counsel for a short period of time. we know there's an extraordinary lack of trust in the entire process, by the way, which is sort of bipartisan. most people feel washington doesn't work, and our intelligence community doesn't work anymore and confidence in the special counsel not able to keep that information private for a couple of weeks is worrisome. >> it's very worrisome and beyond worrisome. so, if what was leaked to "the washington post" was presented to a grand jury, then the leak is criminal. if what was leaked to "the washington post" are attitudes, plans, intentions, it's not criminal, but it's very wrong and if done by a lawyer is unethical and the lawyer could be disciplined for it. obviously, "the washington post" is not going to say who the leaker is. charles: but should mueller do something, take some steps-- >> he probably should. charles: toward clarifying this. >> i don't know if he should

clarify it, but if the leaker is in his office, he should do something about it. he cannot conduct an investigation of this magnitude of the president of the united states someone from inside the office calling "the washington post" or any. charles: president trump's tweets, some that the legal community has said that caused more harm or self-inflicted wounds. do you think that friday's tweet is in that category? >> no, i don't think it's in that category. i think that the president brilliantly uses twitter to energize his base better than anybody else in the world today. now, that's not going to affect his legal relationship with mueller, but it's going to affect his personal comfort level and the level of-- and the attitude of people supporting him who want this to go away. charles: thank you very much, judge napolitano. >> yes, see you. charles: looking at the dow 30, more green than the last time, folks, and the dow is up to a new session high and all-time high, you're doing very, very well.

check this out. millions of dollars worth of diamonds and emeralds right here on the set. one of them from the estate of john d rockefeller, in fact, that could sell for $6 million. it's at auction tomorrow. we'll have that for you next. in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. it's unique micro-clean formula kills 99.99% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. polident. cleaner, fresher, brighter every day. here comes the fun with sea-doo ♪

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>> you know what happens when you hear that music. this is more than fancy jewelry going up for sale at christie's. this is some of the best stuff ever produced. i want to bring in the head, raul-- i'm sorry, raul. >> that's all right. charles: this is beautiful stuff. and they're all antique, also, as well. >> yes, they all have a lot of age to them, yes. charles: seeing a lot of things happening in the art world and collectible world, a guitar went for $3 million a week or so ago. so are we looking at history perhaps with respect to the prices you're looking for? >> i think so. we have a tiara, coral pearl and diamond tiara made by carti cartier. charles: who was it made for originally. >> stock for the store. charles: really? >> it was purchased for a patron of the opera who gifted to the opera in the 1950's and

it's going to sell between 2 and $400,000. an emerald, very special, belonged to john dch. rockefeller, jr. and passed on to the youngest son in 1948. he had it commissioned by a jeweler, this was yard's most important commission. the ring is up for sale tomorrow at christie's new york for between 4 and $6 million. charles: expecting a record on that. >> a new world record price. charles: of the necklace. >> by the son of tiffany founder charles tiffany. and it's from the 1920's, it has a special sapphire between 50 and $70,000. charles: so tiffany, the son was actually the jeweler designer as well? >> absolutely. and tiffany made jewelry and beautiful lamps, famous for that.

liz: so, charles, is your wife watching? >> i hope not. [laughter] >> we have a jewelry store across the street from us. this is amazing. we have a minute left actually, arwe seeing as wealth being recreated in this country, that now perhaps people are saying, hey, i'd rather-- i made money in the stock market, but i know something like this, this tiara, i'd buy it, put it in a safe, i've got it squirrelled away in my cash forever. >> the insurance value in 1948, 163,000. we're going to sell it tomorrow i hope between 4 and 5 million. there is your answer. charles: thank you very much. beautiful stuff. i appreciate it. take a live look at the white house, happening in just a few hours from now, the biggest tech ceo's in the world are going to meet with president trump. we'll watch that as a happens live right here on fox business.

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at adt, we believe that feeling should always be there. whether it's at your house, or your business, we help keep you safe. so you can have those moments that make you feel at home. ♪you are loved wherever you are. charles: good morning i'm charles payne in for stuart. this is the second hour of "varney & company."

here a your headlines happening today. a big it being ceo rally. big tech see row rally. chiefs of microsoft, intel, amazon coming to the table with president trump. you will watch it live. fox business has it when it happens. senate republicans moving forward with their version of health care reform. democrats promising to block it. this is the obstruct agenda of the democratic party. happening overseas another attack in london. one person so far dead, 489-year-old white male in custody. muslims appears to be the target prime minister theresa may says the attack -- u.s. shoots down syria yet and russia says american planes will be classified as targets in that country. ♪

charles: checking the big board, nice start to a monday after the dow made three records last week t starts this morning with an new all-time high. shares of amazon which have retreated pretty big last week at one point hitting 1017. still a pretty significant gain early this morning. guys let's get back to the big tech summit at the white house. amazon's tim cook, i'm sorry, apple's tim cook will be there. amazon's jeff bezos will be there. those are some ceo's scheduled. we want to bring in fox news contributor tammy bruce to discuss it. what will be at the top of the agenda what? what are both sides angling for? >> tech companies are certained about immigration, being supported or at least not bothered by the government. donald trump's stated position he wants these companies to help the government run more

smoothly. he mentioned last week, maybe about 10 days ago with veterans medical records. they want them all to be in one space so you don't have to wait, give medical records in order to get treatment. bring them even into the 20th century, right? this is where the tech companies can help m reality i think tech companies are there for very different reason. they're facing a lot of problems including facebook not represented there. terrorism using the site. live crime, fake news, silicon valley has the sexual harrassment problems, male dominance, concentration of wealth, reliance on foreign workers. that is beg thing with tim cook, he will bring that up. amazon whole foods, robots replacing workers in the dynamic. whole foods workers are worried about that people generally beginning to distrust tech. they're realizing, tech globalism and current leadership

around the world is not protecting them from the problems regarding this, especially including issue of employment and immigration and h1b visas. so they'rehere they don't want -- they're realizing they can't be on the wrong side of donald trump especially with the mood of the country. they're trying to find the balance and donald trump wants to leverage that with more help into the government it is elf. charles: one issue they might be united on, taxes. >> yeah. charles: perhaps having their voice, lending their voice to some form of tax reform. maybe that can help. they have been vocal on other things, paris climate accord, the travel moratorium. they spoke out. they filed briefs. hey, with lower taxes helping everyone that might be something can unite. >> if they were there. elon musk is upset about the paris accord, they are not there. like children taking their marbles going home. their voices are not there.

i'm sure voices there will say suggest. zuckerberg or samberg is not there either. bringing money offshore. donald trump is going to, working to make a deal to get the best dine nam mick for the united states. tech companies even with all their money and power and influence, we see what is going on in england and in europe. we see what is happening here. things seem to be, for the average american a little bit out of control. and we're losing our jobs on top of it. it doesn't seem like government is necessarily managing this properly and americans want to see that more. charles: how do you think a compromise will look? essentially what we're saying slow down progress perhaps a little bit, or find a way to integrate it in a way that is just not resulting to a shock in the system where people lose their jobs, to your pointing because they're replaced by artificial intelligence and robots? the. >> yeah. charles: not just hospitals.

our government, we talk about monitoring waste, fraud and abuse. technology companies probably have solutions to do that and really save billions of taxpayer dollars. >> if there is competition, we saw the disaster with obamacare and website, do it the crony capitalism, give it to the friend of the first lady. things happen everyone working together. you do not need to slow down progress, my goodness, there has to be some melding and meshing of the government and-off sight. i'm a conservative. i'm not advocating regulations. not a separate government of tech emerging separately from national governments which becomes global. we're seeing a lack of a trust in globalism. tech companies right now for americans certainly represent a global interest that doesn't have our best interests in mind. charles: i am personally very concerned about the power that facebook, google and amazon have already over our lives and that they will have.

irony of course there, unlike nsa and others they don't need a fisa court or anything. we give them this power. >> donald trump will make the difference here. this is what americans elected th man for and he is going t it. charles: thank you very much. some senate republicans are hopful their obamacare replacement plan can come to a vote by the fourth of july. joining us galen institute president, grace marie turner. is the timeline realistic? >> i believe it is. the senate is absolutely focused on this issue. leadership offices are focused together putting together this rubic's cube of a plan. they don't want to drag this out all the way through july because they have so many other things that they need to take care of. so having, getting the vote before the 4th of july has a lot of good things that i think leader mcconnell has a plan to get this done, charles.

charles: one of the i guess more frustrating thing, on one hand they have been meeting and talking, that feels exciting. on other part of this, we don't know what they're working on so. a lot of this could be a surprise and do you think, perhaps, apparently there is a report president trump said the house version was mean. that gives us a hint what we could expect from the senate? >> they are really -- they have to do three things, charles. they have to figure out a way to provide a safety net for the people currently on coverage. they have to find a new way for subsidies to be delivered to those in the individual market, to be able to get more choices of more affordable coverage. that can only happen if states have more authority in the health insurance market. they have to reform this decrepit mother may i welfare program. we're talking about the 1:00 sixth of the economy.

they have a -- members are being informed about the individual parts because no one has seen the whole thing. they're waiting to get thing in shuns with cbo and frankly the parliamentarian what they can get through in reconciliation process. so everybody is frustrated we haven't seen the bill, no one has seen the bill. these are things that need to be negotiated. members are, and leader mcconnell wants to get to 50 votes. he has got to do that so that then the vice president, if it's a tie can be the one to break the tie. he is also talking with individual members what do you need? what do your constituent needs to make this work? i think we'll see more money, probably for medicaid in this bill. that is one of the things president trump was focusing on. i think we may see an extension of the current subsidies a little longer than the house might have liked but i think it will come together.

charles: graceif you say it i believe it. thks vy much >> thanks, charles. charles: illinois, financial problems continue to worsen now. some asking if it will be the first state to go bankrupt. liz: illinois comptroller is really worried. state law and court orders i have to pay bondholders. than state workers pensions. then schools. we may not have money for things like school buses, ambulances, domestic violence. 700,000 people left the state of illinois. at that tax base eroded. public unions dominate the decision making and trial lawyers. they have been downgraded 20 times down the last six years. that bond debt is near junk status. are they puerto rico-style, you know, debt problem where puerto rico was allowed to basically do a form of bankruptcy for the first time. states are not allowed to go bankrupt. could congress say, you know what? they need board oversight or board manage are like detroit

had. charles: they certainly can't raise taxes been. liz: people are leaving. 700,000 people have left. charles: thanks very much. appreciate it. 27-year-old brooks koepka won the his first major, 17 under, second lowest recorded score in u.s. open history. he rocked that thing from beginning to end. coming up, van kills pedestrians outside of london. police say they're treating this as a terror attack. >> we're all over that story. trump's lawyer sekulow, goes head-to-head with chuck todd over the president's tweet. all of that in the second hour of "varney & company." ♪ i love how usaa gives me the peace of mind

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charles: all right. look at that, guys, we cracked up 100. that is a high for the session. all-time high for the dow jones industrial average. virtually every stock there up. exxonmobil lagging somewhat along with chevron. apple leading the way. target 180 from a first tier firm. maxim group raised their target rather to 180 from 171. keep in mind, apple shares up more than 20% this calendar year, have a great year. breaking news out of d.c. liz: asian-american band had offensive to some, name of rock band. they took it to the supreme court, the supreme court ruled in its favor.

the supreme court said your offensive rock band name is free speech. this is a matters to the washington redskins who filed amicus break. trademark office said redskins can not use the name. they can possibly keep the redskin name. they can trademark it. charles: appreciate it. britain's prime minister theresa may is condemning a van attack outside avalon done mosque overnight. at least one person is dead. joining us national security analyst for the clarion project, ryan murrow. thanks a lot. >> sure. charles: when you first heard the news, my son came to bedroom, he said there is another attack. he goss to college in london. my thought outside of a mosque, it was radical islamic. >> he haweddist, self-radicalized, quote, quote person. that wasn't the story at all. turned out to be a 48-year-old white male who said he wanted to harm muslims. has london an example what is happening could happen in all of

the west with everything going up in flames? >> oh, yes. if you look at the political rhetoric coming from different angles, you're seeing it all heightened much lots of, dreamism, and provide a lots of intelligence to authorities on muslims. i hate to say it, i wasn't particularly surprised by this attack but what really troubles me, i mentioned this on this show a few weeks ago, isis has an actual plan, part of the reason we carry out attacks in the west, especially in europe, because we want to have anti-muslim reprisals just like this. they have a name of the plan. holding it right here. extinction of the gray zone. what that meant in the gray zone radical muslims have not joined isis, not loyal to the west. trickingering attacks that happened is a win way to win those people over into joining their forces. charles: so would these be people who were born in these western countries but have grown up with some sense of resentment

started from the home, maybe a parent or uncle who always resented the fact they didn't feel like they were respected here, despite the fact they were refugees from some nation we saved their lives as a nation they still carry that resentment, and kid grows up with that and they just need a trigger to turn it all on? >> in the gray zone, isis saw chance of recruiting to provoke these type of attacks, are more islamic in nature, theocratic mind set, anti-democratic mind-set, not coming from overseas or into europe or the united states because you see high levels of extremism among those born here. that is one of the moss frightening trends. not just about foreigners. showing levels of extremism are less among people that come here. those born in europe or the united states have higher levels of extremism. charles: shocking, sad, crazy they feel this way. ask you another one, afghan soldier wounded seven u.s. soldiers at a base.

second insider attack in a week. as the pentagon, reportedly we may send 4,000 more troops into that country. will these additional troops make a difference or, should we be honest about the idea ever being able to prevent these sort of attacks? >> you will not be able to prevent all of them especially in a place like afghanistan. 4,000 will make a difference. military officials have been throwing that number around for months now. possible we'll need more than that. but immediate impact that is good. sendses a signal we'll not ditch afghanistan, there is among president trump and afghans in the middle east we don't want to be involved in protracted conflicts like afghanistan. that would leave, saying afghans say i have to do something so the taliban doesn't chop my head off. charles: these 4,000 will help train. for the most part if they go would be training afghan forces. we're doing this for a very, very long time. this would be a critical stage

toward an event wall exit strategy right? >> the big component missing and i haven't seen any strategy for this, particularly contending with pakistan and iran and possible russian support to the taliban that is happening. especially pakistan. you have groups not just the taliban but haqqani network and other extremist groups. they're all interconnected. you can't pick out one saying we're at war with the taliban. they have all similar infrastructure. charles: there is realization taliban won't go away but bringing them to the table as some form of coalition government. would that work? >> the belief mandate, waging. >> gnawed, isis that is your ticket to paradise. how you cleanse yourself of sin. that will not go away just involving them in the government. charles: good stuff and good article. thank you very much. appreciate it. all right, the georgia special election. georgians head to the polls tomorrow as almost 7 million voters being exposed to hackers.

so, a big question now, as we head into this thing, can the election actually be compromised? we're asking that question. we'll have an answer for you when we come back. ♪ ♪ when heartburn hits fight back fast with new tums chewy bites. fast relief in every bite. crunchy outside. chewy inside. tum tum tum tum new tums chewy bites.

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election in georgia. obama care is dead with 100% increases in premiums. vote now for karen h, karen handel. the latest polls show them in a virtual dead heat. tammy bruce is back with us. tammy, democrats spent a lot of money in this one. this is the one they have to win. this is pacs filing in a little bit for her. that number has gone up a little bit. this is interesting. he won with, majority in the primary, not 50%. she got about 20%. but that was divided up amongst 18 different candidates. the polls have had him ahead by 7, eight points, that has shrunk. these are polls relying on data from past elections. i bring up briefly the virginia governor's race. man, trump candidate, dismissed never break over 20.

he ended up getting up to gillespie by one point. again shy trump voters are not being polled. i think with all the money democrats have spent this, is do-or-die. as we found out with hillary you can spend a billion dollars, people don't like you, don't want you, you can't buy election. charles: ossoff is trying to stay away from hilly-like hand mines. he has not been critical of president trump. >> he started out being critical. he realized that maybe wasn't smart. we know most of his money, almost like three times as much is coming from california versus georgia. these things are being discussed. liz: doesn't he want tax cuts, i'm sorry? >> what they say during an election different than what they will do. i ththe black swan here is going to be how voters will respond to the shooting. if you look at the news today, if you were unplugged for a week you would never know that attempt to assassinate 22 goppers never happened. georgians know.

that will be a factor affect the vote. i think she will squeak by. charles: fascinating stuff. coming up the uss fitzgerald colliding with a merchant vessel early saturday, killing seven people friday night our time. so far there are multiple investigations how this tragedy actually occurred. former assistant secretary of state will weigh in on that next. tech ceos heading to the white house. it's a four-hour event. 10 different working sessions focused on how technology can help government tackle all the key issues. we'll be all over it. ♪ [vo] when it comes to investing,

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charles: check out the big board. dow at new all-time high. near session high, up 106 points, 21,450. at 22,000 i break out a new song. send in requests now. here are the big tech names we check every day, all green arrows. big moves to. 1.7% facebook. google almost 2%. apple up more than 20% for the year, almost up 3% today, getting another upgrade. dow stocks hitting all-time highs for the day. 3m, johnson & johnson, and boeing. the mainstream media continues to focus on the russians investigation. i want you to listen to the exchange between nbc's chuck

todd and trump lawyer jay sekulow. roll tape. >> when did the president become aware he was officially under investigation by the special counsel? >> the president is not under investigation bit special counsel. the tweet from the president was in response to the five anonymous sources that were purportedly leaking information to the "washington post." >> i mean was this mistweeted? are we not to take him at his word? >> no. the president tweet was in response to "the washington post" story. >> i'm confused by this. why is your, why is he not taking your legal advice or other legal advice, hey, mr. president, you're not under investigation? >> chuck, you're reading more into the tweet than what's there. charles: this came two days after president trump tweeted quote, i'm being investigated for firing the fbi director by the man who told me to fire the fbi director. witch-hunt. joining us fox news media buzz host howard kurtz.

howard, are the president's tweets helping keep this story alive? >> yeah, does seem like anytime the story will slow down 12 or 14 hours, there is presidential tweet, gives us fresh headlines. i was frankly puzzled by that exchange, jay sekulow, member of trump legal team was on several shows, chris wallace's, most contentious news on "fox news sunday,," sekulow, under investigation, he was pushing back. then he said, no, no, president is not under investigation because semantic game, because yes, he has not been officially notified by special counsel robert mueller that he is under investigation but at the same time mueller is looking at some actions that involve the president of the united states. charles: i think the issue, when we talk about president trump, perhaps keeping this alive, you have leaks and particular case, "washington post" putting this story out there, he said more than one occasion, he has

amazing platform than any other president had. others had radio, others had tv he can get around "the washington post," "new york times," cnn and others so he has to use it and perhaps push back in 140 some odd characters tough to be too specific, isn't it? >> you know, it is the art of compression of the president has used that form of communication very successfully. he can give a speech, do anything he wants. he has a huge platform. i'm one think most of the developments breathlessly reported in robert mueller problem are kind of being overhyped because there are normal things that happen in investigation. this particular "washington post" store, the reason the paper was say under investigation because mueller set up interviews with two top intelligence officials who according to previous reports had actually had conversations with president trump which they were asked, they declined to intervene with jim comey's fbi investigation when comey was running the fbi. i think, it's fine and expected for the white house to push back

hard against the developments in this investigation. to get into the semantic game welle is is orsn't under investigation, i don't really see where that gets them anywhere. charles: howard, we saw after the comey hearings, a lot of headline news, a lot of breaking news prior to that didn't come to fruition. we saw a lot of corrections. we saw a lot of headlines change. really felt that perhaps the mainstream media had been exposed in the aftermath of that. >> yeah, reports on cnn and abc said comey would go into the senate hearing, no, no he never told the president he wasn't investigation. comey did the opposite. so those were embarrassing mistakes. i think, beltway media in particular are so focused on these allegations of cover-up, did president trump tried to strong-arm comey and others by some calculation was there a cover-up. was there collusion of russia?

we've been at it months, no hard evidence emerged to implicate president and top aides. mike flynn might be another story. there is a lot of smoke right now and none of us know in the end whether there will be much fire. charles: a lot of us hope the end cops soon. >> the american people might agree with that, howard, thank you very much. appreciate it. president trump rolled back part of president obama's cuba policy on friday. roll tape. >> the outcome of the last administration's executive action has been only more repression and a move to crush a peaceful democratic movement. therefore, effective immediately, i am canceling the last administration's completely, one-sided deal with cuba. charles: joining us now former navy intelligence officer robert charles whose latest op-ed on foxnews.com is called, trump's cuba speech resonates with history.

robert, is this another example of president trump justchying away at mr. obama's legacy? >> yes, i think it is and you know, i think it just fits, a point on a line. it is emblem mattic and also practical. it has practical effects for the peel of cuba. it gives them hope again. it reminds americans we stand for good, not evil. we have historically been at our best when we do that. it is signal to the world. it is beyond cuba. it is farther of a coherent foreign policy that begins to show the world that we have a mission plan, we'll stick with it. as you adjust foreign policy between obama and trump there will be rough spots. i hear the reactions to this policy. i think to myself, you need to see it in a larger view. this is a deterrence, focused, credible transparent policy shows we're agon the side of the right. that is really what it's about. charles: do you think one of the distinctions here is that it

felt like to me that the former president was really focused on refighting the wars yesteryear under the guise of social justice where as it feels like president trump is trying to move the agenda forward for everyone? >> i think that's true. i think you have to ask yourself as question for an average american what do you overlook and what do you not overlook? when you have a communist prison state with repression 90 miles from the american coast i don't think you can over look that in our hemisphere. it sends a strong signal to frankly to iran, assad, russia, china, america will stand as it did in the second and first world wars, as it did in the reagan era, frankly into some of the clinton era. we're going to stand what is right and good, we'll not pretend it doesn't exist. the foreign policy of the obama administration tried to overlook and pretend a lot of things didn't exist and you're seeing accountability again. charles: another one for you,

robert. seven u.s. sailors were killed when a navy destroyer collided with a container shun off the coast of japan. how could this happen? conspiracy theorists are out there, when you look at images it would be hard to imagine that would be a garden-variety accident? >> i hesitate to say it, it is tragic, accidents happen. it is more likely reflection of training issues and budget and morale. first thing to get cut is typically training. and typically -- charles: are you saying on the u.s. side? it looks like, where it was struck, at least the images that container ship struck our ship which was much smaller? >> yeah, i think what i'm saying is that accidents happen and at the end of the day this is likely to have been avoidable. i'm not a big buyer into conspiracy theories. at the end of the day this may well reflect something simpler, which is people do what they

train f we had been maybe a little more alert this might not have happened. on the other hand the facts are not in. i hesitate to say more than that morale was very low during the obama years in the navy. i'm hopeful that morale is on its way back up again. charles: i think there are signs that it is. robert charles, thank you very much. we appreciate night thank you. charles: got breaking news for you right now. incident in paris. emac. liz: security operation underway. a man purposely, intentionally crashed his car into a police van which was caught on fire. no one has been injured. they have detained the man. the police have cordoned off the area. this is in champs-elysees. is inear the presidential palace. in april, two, a gunman had shot and killed a cop. so this area is in high alert. in fact, frances is still in a state of emergency after the wave of terror attacks there. charles: really. liz: once more details come in we'll bring it right to you. charles: thanks a lot.

we always think the worst unfortunately. appreciate it. coming up a computer security company, one discovered a new type of malware that could threaten our country's electric grid. you heard about this. this is a reality now. how do we thwart it? we'll ask that question.

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listen what he had to tell charles about some son's $13.7 billion deal to buy whole foods. roll tape. >> people are trying to figure out retail. technology folks are trying to figure out retail faster than retailers are figuring out technology. amazon took a $14 billion shortcut. all the retailers are looking for short comes themselves. charles: how would that impact you? >> look at it this way. we've been very highly valued asset and what we bring. we worked on playbook four years, moving at speed of a technology company. if you doesn't move at that speed, you're starting today, it will be a really long race for you to catch up. ♪ this lovely lady has a typical airline credit card. so she only earns double miles on purchases she makes from that airline. what'd you earn double miles on, please? ugh. that's unfortunate. there's a better option. the capital one venture card.

with venture, you earn unlimited double miles on every purchase, everywhere, every day. not just airline purchases. seems like a no-brainer. what's in your wallet? i was playing golf love golf.... i used to love golf. wait, what, what happened? i was having a good round, and then my friend, sheila, right as i was stepping into the tee box mentioned a tip a pro gave her. no. yep. did it help? it completely ruined my game. well, the truth is, that advice was never meant for you.

i like you. you want to show me your swing? it's too soon. get advice that's right for you. investment management services from td ameritrade. charles: shares of amazon touching 101dollars earlier. another all-time high for the grocer. $1017. now this, death toll continues to rise in the deadly london apartment house fire. emac you have details. liz: prior number was 58. this is 24-story again felled tower that fire on june 13th. they realized new, tear i don't remember, klatting, likely against fire code. police chief was in tears talking about this over the weekend essentially they were

going through the building right now to identify the bodies of. it is, it was such ferocity and this fire, that they can not identify bodies right now. charles: this is a huge, huge thing. back to class warfare, the role of government in housing. thank you, emac. now this. special election tomorrow in georgia. a new report finds that security failure left 6.7 million voter records in georgia exposed to hackers. joining us now, defense one technolo editor patrick tucker. patrick, so how vulnerable does this make tomorrow's election? >> because we're talking about most of the vulnerabilities should be mitigated. when we talk about this group that's behind recent election hacking, we're talking about a group that is now pretty well-known. this particular vulnerability is that, right now. it is a vulnerability. it has been reported. "politico" has a great story

about the fellow reported, his name is logan lamb he found there was a lot insecurity around particular voting rolls and possibly the global election management database. it is very important. charles: what does that mean in layman's terms though? i'm out there. i'm voting in georgia. we keep hearing about the russians and voting machines and insecurities there. what does that mean for the average american, hoping their vote counts and b, we elect the right person? the right person is the one who wins? >> first of all there is no evidence that the russians or anyone for that matter has been able to actually change the results of voting. where this becomes a problem, when you show up at the polling place, you need to have i.d., worst-case scenario for this vulnerability, some change in voting rolls where the official sitting at desk might not have up-to-date information or might have changed information that is the worst-case scenario for this particular vulnerability and has never happened. at the same time there is a lot

to defend against this the national guard working with cyber command and with the department of homeland security is aware of attempts by russia globally to try and change voting rolls and so, if you have any doubt about whether or not you're going to be able to vote when you go to the polls, make sure you have up-to-date information when you show up there. charles: right. >> worst-case scenario, it could cause some chaos there, but it will not change any actual voting results. charles: patrick, i have another one i have to ask you about. a computer security company found a new type of malware that could affect our country's electric grid. this is something we knew about for a long time. we've been warned about it. how safe is the electric grid? >> this particular vulnerability is pretty serious. as long as you have active measures and monitors actively looking for this particular malware, we should be relatively safe from it. the u.s. electric grid is very

different from the electric grid of ukrai where this originally showed you. so this comes from a report of an attack on ukraine electricity that occurred in september. defense one actually broke that story and it only took out power in that portion of ukraine for about an hour. it followed one from the previous year. so this is a russian cyber military unit that now has the sand worm, what cyber researchers refer to it here, it infect as computer t wipes out data and hijacks the master administration module to cause a lot of problems. charles: how, should we have a sense of urgency about securing our electric grid, parts of it more than a century old? >> absolutely of the good news that again the department of homeland security has been informed of this and they're working with industry providers. if you're someone concerned about this or you work in this industry you want to make sure your cio is aware of this particular vulnerability, and that you have active measures in

place for active mon iting against this particular malware threat but there is no one-stop solution for this. the adversary will keep innovating these new types of malware to attack the different aspects of the electric grid. it doesn't mean that we're as vulnerable as ukraine. there are a lot of big differences there. charles: sure. >> big one the context. we're not engaged in active hostilities with russia, where ukraine and russia are in active hostilities. when russia attack as country they go along with a variety of different measures. there is economic attack. there is a military portion, and there is a diplomatic portion. so the context of the blackouts that led to discovery different from what we would experience here but we absolutely need to be asking our industry providers to deploy active measures. charles: pat you trick, i'm not sure is gives us freight comfort that we're safe because we're not actively at odds with

russia. that could change anytime. thank you very much, appreciate it. >> thank you. charles: we're still following big news from friday, that is amazon buying whole foods. there are reports that amazon could lay off workers at the chain. emac, do you have the details? liz: amazon wants to go after middle income to low income crowd and take on walmart in a big way. they could knock out the cashiers. putting kiosks to get down to everyday low prices that walmart sells. that is the name of the game like amazon. amazon is in a test project with the usda about letting people use food stamps to buy groceries on line. this is amazon's play right now. tell you something the next thing they could do, discount stores like dollar general. one analysts suggests that the. charles: who knows. they're growing and growing. thank you very much. then there is this. president trump chipping away at president obama's legacy, announcing new regulations when

it comes to cuba. son of president ronald reagan, michael, will give us his take. that's next.

charles: joining us right now lieutenant colonel ralph peters. lieutenant colonel peters, what do you make of this?

this is first incident of this kind in several years, i think at least three years. what are we learning here? >> we're learning that this is a very dangerous part of the world. to briefly recap for the audience, the syrians were attacking our freedom fighters back on the ground. we told them to knock it off. we warned them. instead they sent in a syrian fighter su-22 to do a ground attack against our twice. we shot it down. now the russians have threatened to shoot down any aircraft, u.s. aircraft, that flies west of euphrates river. make it virtually i am possible for us to support operations for the endgame against isis. is putin bluffing again? or is he going to roll the dice? would he shoot down an u.s. aircraft? he is high-stakes gambler. most of his gambles paid off in the past. anything could happen t would be a great test for president trump. i'll tell you if the russians start shooting down american aircraft. charles: do you think though,

that because syria thought we weren't going to protect those fighters, there are question marks who they are in the last several months, the kind of commitment we should have to them, whether they are effective, do you think syria thought we abandoned those fighters? >> no. we told the russians again and again through communications lines, these are guys, stay off them. these are very good, they're the strong anti-isis fighters, kurds and arabs on the ground. we know who these guys are. they're carefully trained or vetted. we have u.s. advisors with or very near them. these are good guys. this is not a mistake. syrians are testing us. they're testing the president. it is really very complicated multilayered game here because the iranians are behind what the syrians do even more so than the russians. ♪

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charles: well, it's 11 a.m. in new york, 8 a.m. in california. some of your biggest tech ceos

are going to visit the white house to have a meeting with president trump later on. some are wondering if it would be contentious or not, but we may see some of them arriving during this hour. and then health care, top story. the big question: can the senate get it together and repeal obamacare before july 4th? senate republicans remain optimistic, but democrats say they're going to do everything they can to slow down the process. we've got that plus much, much more. the third hour of "varney & company" starts right now. ♪ ♪ ♪ ♪ charles: an appropriate song for a monday morning where we're looking at all-time records. by the way, one of my mother's

favorite songs. dow up 100 points, hitting a record high. and this, obvious, despite all of the turmoil in washington. wall street's still rallying around president trump's economic agenda. in fact, i think the wheels of commerce have moved, but let's ask economics professor peter morici who joins us now. i saw earnings, i saw the guidance, i'm looking at some of the other data out there. it feels like the trump economy, without those legislative wins, have already begun to take off. >> well, i think more fundamentally hillary clinton's not raising taxes as president, so forth. as i recall, we've discussed this many times, i've said the market could justify a higher price to earnings ratio in the new environment of technology. so my feeling is the market is just living out what is there. price earnings ratios can go higher, and that's what's happening. also the global economy looks in pretty good schaap right now.

charles: -- shape right now. charles: that is an interesting take. "the wall street journal" attributes so much of it to the fact that macron had an overwhelming victory x he's positioned for major tax reform in france maybe before we get it. but certainly, lower taxes in the west would help all these companies and help consumers, no? >> well, he's got a two-pronged problem. he's got to drive reform inside france and demand angela merkel finally accept reform of e.u. institutions relating to the monetary unit. and and she was always skeptical, and wolfgang is particularly skeptical, that france can pull off reforms. macron is at a very historic point. he has a chance to transform france and the european union. if he is successful, then we are on the dime. we start to become the economy that is lagging. ch charles well, peter, on that note i want you to take a look at this, another sign of optimism. hiring is way up in these nine states. and, of course, washington, d.c. is on that list as well.

plus, the unemployment rate we know fell to a record low in four states, arkansas, mississippi, oregon, washington. so there are positive signs in places that we don't necessarily talk about that. and this, again, despite all of the gridlock in d.c. can success beget success? can this keep going? >> absolutely. success can beget success, and to some extent, you know, employers are going to where workers are available with the up employment rate so -- unemployment rate so low. lots of places in rural america are isolated absent -- you know, they don't have broadband access, educational institutions aren't add a adequate. the economy is becoming fragmented. productivity tends to be lower in a lot of rural places, but also looking at that map you either see, you know, places where the government doesn't intervene very much, or there are very strong, you know, educational institutions. and by the way, you know, some places have very strong educational institutions that we haven't given credit to historically, like alabama.

charles: really. okay, you're right. >> the university of alabama's a darn serious place. i'm in the business, i know. it's like apple saying microsoft is serious. charles: usually we talk alabama, in college we talk football -- >> i understand. that football team casts too long a shadow. [laughter] charles: peter, let me ask you about this, the biggest names in tech heading to the white house today. they've got a meeting with president trump. among them, tim cook, jeff bezos, ibm's head. what do you expect to come from this summit? because both sides have strong agendas. >> well, i think that the tech executives and executives in heavy manufacturing are exerting a lot of influence. we seem to have a bifurcated trade policy. on things like steel, the president is taking very assertive action to try to provide some balance for that industry in dealing with chinese imports whereas for the tech executives he's trying to gain more favorable tax treatment and

the like without upsetting the chinese too much. just the use, you kne issue of trade aa pointer. myeeling is that executives are having a more positive influence than people think or they're having more of an influence that they're being given credit. but what's happening in the process is that we're not getting sort of a holistic change in trump's policies or american policy, for example, towards china. and he's not taking strong stances on things like taxes. you know, we're not getting leadership from the white house with regard to tax reform and finally sorting out whether we're going to have border tax adjustments so we really can cut -- charles: you don't feel like there's leadership there? >> no, i don't believe so. mnuchin has issued one sheet of paper with eight or nine points. the only big idea he's come up with is 100-year bonds which got panned on wall street. the only reason they sell in england is because the law requires insurance companies to buy them from the government.

he hasn't shown a lot of creativity. give me three creative ideas that have come out of mnuchin's mouth since the transition. charles: i know there's a lot of ideas floating around and sifting through them, some i personally hope they don't take like the border adjustment tax. i don't know, i think the page is good, they know where the starting points are, and then they've got to work as a team to put it all together. we saw what happened when they tried to push through health care reform and they were caught flat footed. peter, i'm going to say one last thing to you: roll tide. [laughter] we'll talk to you again soon. >> take care. charles: speaking of big tech, amazon's big deal buying whole foods, $13.7 billion. now here, burt flickinger, strategic resources group managing director. the consumers are feeling, ultimately, they're going to be the real winners here because amazon is known for lowering prices. >> ultimately, consumers will be are winners, charles.

it's a little too early to start dancing on the tables. whole foods has a lot op of complexity -- of complexity. more for the higher prices than whole foods itself, low productivity, a lot of add added costs, poor real estate positions. it's going to take years to sort of redirect the amazon equivalent of the river and clean up the whole foods stables. also the vendor community may not be as accommodating. i had dinner with a number of vendors -- charles: hold on one second, because on friday we saw a lot of the food company stocks get, take hits. in other words, it felt like wall street was saying in addition to your traditional brick and mortar retailers, particularly grocery stores, even the food companies that sell their products through there are going to have to acquiesce a little bit. they're going to have to play the new game as amazon outlines it. you're saying that's not going to happen? >> not because of antitrust laws.

amazon's been reported, in my perm -- personal view, brutal, in some cases abusive buying practices. what amazon did to get amazon's diapers.com off the ground also got the leading -- charles: and then they ditched it. >> yeah. embarrassing writeoff, as was soap.com. so amazon's failed to get into people's homes with fast-moving consumer goods. 25 to 100 times -- charles: hence this move. could they actuay now broaden it out? remember, we came into the leak last week -- the week last week with the rumor amazon was going to make a $9 billion purchase, right, of another company. so they've got a lot of cash. >> a lot of cash. other people have more cash. in the case of the food stocks being down, a lot of it was because leading's coming over from germany building 1500 stores. that's the equivalent between

them and ald can i of taking out 10-15,000 stores, crushing effect on the industry. charles: all right, burt, thank you very, very much. wall street likes this deal -- >> i do too. i'm a shareholder of both. power to prosper. [laughter] charles: now let's take a look at oil, around $45 a barrel. up today but the fact of the matter is that we are swimming in an oversupply there. but for many focus, this is the silver lining. gas, now your average is just $2.29 nationwide. by the way, the cheapest state for gas is south carolina, $1.96. and by the way, speaking of cheap gas, one of our viewers -- and she sent in this picture of a station in corpus christi, texas, just $1.94 for regular. >> wow. charles: another attack in london, a man plows a van into crowd leaving a mosque last night. one person did, eight rushed to the hospital. police have arrested the suspected attacker. we're going to have more details on that next. and president trump sends out a tweet on friday saying he's being investigated for

firing james comey. well, the president's lawyer disagrees. next, fred barnes on what he says no matter what the president will be on defense for months ahead. and we are awaiting the arrival of those tech ceos at the white house. it's going to happen this hour along with markets going up. a hot going on to so stay right there. we'll be right back. ♪ ♪ [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.

charles: breaking news now, we've got an update on that incident in paris. e. mac, you've got details? >> reports are coming in that the attacker rammed his car into a police van in the shopping district of the champs-élysees. the reports are that he's probably dead. no confirmation of that yet. also reports coming in that he was armed. the bomb squad is on the scene, the police van apparently did catch fire.

there are no injuries though, so we'll stay on the story for you. charles: thank you very much. we also have an update on that london attack shortly after midnight today a man plowed a van into a crowd leaving a mosque just as ramadan prayers were ending. one person is dead, ten others injured. police have arrested a suspect. 48-year-old white male, he's been taken to a hospital for a al health evaluation. authorities believe that the man acted alone, and they are treating the attack though as a possible act of terrorism. british prime minister theresa may has called for an emergency session, security session here with her cabinet later on today. and now back to politics. president trump raising eyebrows with this tweet saying, quote: i'm being investigated for firing the fbi director by the man who told me to fire the fbi director. witch hunt. that prompted the president's attorney, his lawyer, rather, jay sekulow, to clarify on fox news, this on sunday. roll tape.

>> the president has not been notified by anyone that he's under investigation. that tweet, chris, was in response to "the washington post" story that alleged that five up named sources, anonymous sources leaked to "the washington post" that the president was, in fact, under investigation. so that tweet was in response to that. there's been no notification of any investigation. nothing's changed since james comey said the president was not a target or subject of an investigation. charles: our next guest has a new piece in the weekly standard called impatience for impeachment. he says the deck might be stacked against president trump because he's going to be on the defense for a while. fox news contributor fred barnes is here. all right, fred, explain that to us, please. >> well, the president's going to be on defense not just for a while, for months and months. one, we have the special counsel now, and that's -- and we see he's hiring all these aggressive investigators and lawyers and so on, a number of whom are clinton campaign donors. so that's certainly one thing. then you have this investigation

that's widening. look, i -- this confusion between the president's lawyer and what trump said, i think it's all, it's all the same investigation that started out about the, you know, aiming to find out whether there was any collusion between the trump campaign and the russians, and now it's expanded. but it clearly has widened. they're looking into the wiz -- business deals of the president's son-in-law and so on. then the media, charles, just as a good part of the media, you can call them the elite media, the mainstream media, but they are determined in some cases to actually drive trump out of office. and and this will not let up anytime soon. charles: right. how about we call them the elitist media. [laughter] having said that, let me go back to a couple things here. >> okay. charles: the special counsel and the hiring of these aggressive investigators, many of them hillary or former president obama donors, does that, does

that hurt mueller's case here? you already have a leak, apparently a leak that's come out of this almost immediately, and he's cobbling together a team that from a political ideological point of view would seem to be, certainly, foes of president trump. >> well, it certainly raises questions. i mean, at the very least hiring these people, including the woman who was a lawyer for the clinton foundation, it raise -- it certainly looks like the appearance of bias on their case. now, are these people who are strong, presumably strong clinton people, are they going to be fair toward president obama? well, maybe so -- charles: president trump. >> president trump. thank you. charles: i'm glad you brought that up though. former president obama, donald trump -- president trump is going after his legacy. he's vowing to dismantle it from obamacare, we've withdrawn from the climate paris accord, we're rolling back a lot of that cuba deal. what are your thoughts on that?

>> well, i think that's another reason why we have to, why i think the special counsel should hire people who don't create an appearance of bias against president trump. because president trump, look, this is the biggest thing he's done in the, since he's been president except for naming a new supreme court justice. the biggest thing to roll back so much of what president obama did. now, president obama was warned if you do it by executive order, it's vulnerable, and trump is showing that, indeed, it is. charles: yeah. well, you know, president trump won a lot of areas where former president obama won twice, so it seems like the american public said we toyed around, we played around with this idea of some sort of socialistic way and big paternalistic federal government. we want to do it a different way. and i think the way to do that, perhaps, is to dismantle some of those new rules that were put n. fred, thanks a lot, buddy.

>> okay, charlesfuls charles charles big trouble for cash-strapped illinois, the state could become the first tate to file for bankruptcy. right now illinois has the lowest credit rating of all the 50 states. and we are awaiting on the arrival of those tech ceos at the white house this hour, and the markets, well, you can see, the dow up 101 points, a new record high. stay right there. ♪ ♪ your insurance company

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on home and auto insurance. call for a free quote today. liberty stands with you™. liberty mutual insurance. charles: all right, gamers, get excited. atari work on a negame console, the company's first in more than 20 yrs. >> wow. charles: rumors about a new system started after this mysterious teaser showed up online earlier this month. it points towards something called the atari box, but the company, well, they're not releasing details just yet. they say they're still working on the design and will reveal it at a later date. and cars 3 was a big winner at the box office, raking in more than $53 million. pixar's latest animated film made a little less money than the first two in the series, but it was still enough to nudge wonder woman out of the top spot. wonder woman, by way, brought in

another $40 million, bringing its total to a very impressive $275 million. and check this out, it's boeing's new 737 maps 10. this is the -- max 10. this is the first new jet from boeing in almost four years. the company unveiled it at the paris show. it seats 230 passengers, burns 5% less fuel than some of its european rifles. it's -- rivals. it would be worth $30 billion in orders. and we're getting new information on blue apron's ipo. the company will price its shares between $15-$17, allowing them to pay down some of the $125 million in debt that the company has. that's, of course, fueled its expansion plans. the ipo could come in the second half of this year. some stocks that we are watching more you today, lockheed martin reportedly close to a $37 billion deal that would sell f-35s to 11 different

countries. their shares are already up 12% this year. and taking take a look at tesla. elon musk, well, he thinks he can make it cheaper to get to mars than it is to go to college. [laughter] that's right. he's outlined his plan. it's a 16-page paper, it's available to read online if you're interested. but musk hasp sent it out in a tweet saying there will be some revisions, of course, to the plan -- >> yeah. charles: you can see he's still thinking bold. >> light summer reading, some beach reading for you, charles. charles: and now to general motors just announcing new plans to open up a new plant in texas that will bring in 600 job toss the united states from mexico. and time warner signs $100 million deal with snap including a commitment for up to ten original shows per year. and a lot going on in washington today. tech ceos at the white house and republicans aiming to vote on an obamacare replacement by july

4th. chris stirewalt is here on set with me to discuss it all next. finish. ♪ ♪ ♪ here comes the fun with sea-doo ♪ sea-doo has the most affordable watercraft on the market starting at just $5,299 and up to $500 rebate visit sea-doo.com today

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charles: now to the white house. any moment now president trump and the first lady are greeting panama's president, juan carlos ve rell la, and his wife. we're going to show that to you as it happens. the showdown over obamacare, republicans are aiming to vote on a replacement by july 4th. gerri willis, is it possible we're going to get some real, honest to goodness movement on health care? >> well, you say movement be, a bill will be put forward. that's what my sources on capitol hill are saying this morning. a bill will be put forward. they've actually got the details in front of cbo to right now so they can score it as they go to make sure they don't bust reconciliation. they can't make a big impact on the budget if they're going to put this out under reconciliation. all 21 of the obamacare taxes are are not likely to be repealed. the investment income tax, the tax on people who make a lot of

money, the medicare surtax, those will stay in all likelihood x. the benefit for republicans, or i don't know what you think about these taxes, is they can tell democrats this isn't just about helping the 1%, right? charles: what about medicaid? >> the phaseout will be slowed down when you compare it to the house plan. the details of that i don't know quite yet, but i can tell you the democrats are saying, hey, we don't think that the process has been open enough. and what they might start doing is actually getting on the floor of the senate, slow it down, long speeches, prepare for a fight. charles: right. >> that bill will be introduced not this week, but next week. charles: gerri willis, thank you very much. appreciate it. want to bring in fox news politics editor chris stirewalt. and, chris, what are the odds in your mind then that they make this deadline? we've heard a lot of deadlines -- [laughter] >> yeah. charles: a lot is at stake also. >> well, i could not improve on the perfect reporting of our colleague, gerri.

of that is, basically, the goal. a little extra context for it. the objective here -- excuse me -- the objective here for the senate leadership, pass anything. pass anything. and it doesn't matter what's in it. doesn't matter -- charles: wasn't that the objective of the house? >> right. and speaking from a strategic point of view, the whole goal for the leadership in both houses all along has been get into reck -- not reconciliation, get into conference. have a house-passed bill, senate-passed bill, get it in the hands of negotiators and hammer something out. the argument behind closed doors is, hey, guys, don't gag on gnats here. you have got to focus on getting something into conference, getting something in there, and then we'll hammer it out and get legislation. charles: so if gerri is correct, we're talking about a wide breadth from, you know, with the house, the freedom caucus wanted and they pushed for in the house

and what, i guess, the less meaty bill that's probably going to come out of the senate -- [laughter] that's a wide gulf to kind of whittle down. >> well, i think what you'll see in the senate bill is a version of the original house bill, which is this: take the tax revenue now, as much as you can, apply that to the overall tax plan that you're rolling forward. that's why they want to do it all at once -- charles charles it would no longer be a trillion dollars. >> it'll be more shift that you can give. it'll put more slack in the line when they do the tax plan. and then what you do is fake repeal, fake replace. you say we're repealing obamacare, hooray, in three years x. you kick it down the road so that flow years hence -- three years hence, just as the democrats did, you say we're going to fix it later. we're going to do the hard part later, and in the mean time, we're going to try to accrue the economic and political benefit of what we're doing. charles: is it too early to put odds on this happening? >> well, here's -- i think we can very safely bet that there will be legislation promulgated.

there will be something put forward. because mitch mcconnell is willing to do what paul ryan ultimately was not which is let it die. he wants this done one way or the other so they can say, okay, guys, we tried, it didn't pass, we're moving on, we're going to taxes and other issues. charles: this puts the house freedom caucus back in the spotlight, won't it? >> and also puts their hand on the tiller in a very significant way if the senate volleys back and puts it into conference. charles: all right. thank you very much, buddy, appreciate it. we've got some more breaking news, an update on that incident in paris. >> yeah. the small white car that purposefully, intentionally rammed a police van, it did contain explosives according to the french interior minister. the driver is dead, and news just crossing that the paris prosecutor is treating this incident as a terror incident. it happened in a very busy shopping area on the champs-élysees near the palace. so we're staying on the story for you. charles: thank you very much, liz.

well, we could see another showdown over president trump's travel order this week as the supreme court decides whether or not to even take up the case. all rise, judge andrew napolitano's here. >> oh, man. so if you're -- charles: i'm sorry, before we start, judge, just want to alert the audience that we've got the president of p panama arriving with his wife. president trump and the first lady, melania, there as well. a very busy day for the president who will meet with some of the biggest tech ceos in the country later on today. so back to this finish. >> yeah. if you're the supreme court of the united states, this is your busiest time of the year. your job is to pump out the next 20 opinions, and you're traveling somewhere, probably outside the united states, before june 30th. do you really want to add the biggest case of the year in the next two and a half weeks? [laughter] but that's what they're going to have to decide by the end of this week. do they want to intercede on these two opinions, fourth circuit court of appeals

upholding the ban, the stay on the travel ban, ninth circuit court of appeals -- for different reasons -- doing the same thing. so the question is, should the stay on the travel ban be in effect while the travel ban is being litigated, or should the president get his way during the time that the travel ban is being litigated. how much time could that take? two and a half to three years to litigate these cases and get them back up to the supreme court. what has risen to the circuit courts is just a preliminary, preliminary injunction imposed by two trial judges. charles: what about the argument that this was originally a 90-day travel ban so that the trump administration could refigure policies, immigration policies and travel policies in and it's been more than 90 days, so it should be a moot point to begin with. >> well, the president would have to write a third executive order -- charles: in other words -- >> he's already criticized himself for writing a second --

charles: but the opponents are saying you've got more than 90 days, so why are we even talking about this anymore? >> funny you should say that, because the ninth circuit opinion which is not based on the end send yea rhetoric -- incendiary rhetoric during the campaign, the ninth circuit says you have had the time to justify it, and you haven't done it. in fact, here's what your own department of homeland has said. and what did they say about the six countries? it's not the countries that are dangerous, it's the governments, and it's some of the people in them. charles: right. >> it it has basically undermind the justice department and the president's argument. charles: i want to ask you about a couple of other issues today. first one, trademarks and social media. but trademarks, de facto victory, perhaps, for the washington redskins? >> yes. so a group of asian-americans wanted to trademark the name the slants, reference to their facial appearance, as the name of their rock group. and the trademark office said,

no, it's offensive, it's offensive the your own culture. we're not going to trademark it. supreme court, in a unanimous opinion, said the government shall not impose its own sense of taste. you want to trademark something that's offensive, you can do it. so they invalidated the ruling. this rock group wins. this will basically say to those who are prepared to challenge chris stirewalt's beloved washington redskins -- >> no, no -- [laughter] >> don't even bother filing. >> here we go, steelers. >> steelers? whoo hoo. [laughter] >> was that offensive to anybody? steelers? [laughter] charles: maybe hillary clinton, but at's dferent story. [laughter] steelers and coal miners, i don't know. the social media -- >> it's very interesting. the state of north carolina said you're a convicted sex offender, can't use social media on a phone registered this north carolina. [audio difficulty]

charles: listen, i know we live and die -- >> chris during the break, because he and i talk about this all the time. i know it's of interest to you and everybody watching the show. the roberts supreme court is clearly the most pro-freedom of speech supreme court in the post-world war ii era, and they demonstrated it yet again today. charles: let me ask you about the state of illinois in huge financial trouble. i think they've tried every gimmick in the book. most of them have backfired. could they be now the first state to go bankrupt? >> well, the constitution prohibits states from interfering with contracts, even their own. stated differently, when the states formed the union, the states agreed they would pay their own debt. to they have a constitutional -- so they have a constitutional obligation to pay their own debts. it's the constitution that proliberties hem from declaring bankruptcy. there's also an express chute that prohibits it. the cake is the constitution itself. so the answer is, no, there'd have to be an amendment to the constitution for illinois to

avoid paying its debts. what does that mean? probably going to have to sell assets in order to pay debts. >> wow. charles: judge, we covered a lot. >> yes, we did. and stirewalt helped me. rah after laugh. charles: break out your redskins memorabilia, no one's going to -- [laughter] >> turns out he hates hem! charles: well, president reagan famously warped americans against the -- warned americans against the dangers of big government. today that takes on new meaning as president trump deals with the swamp. michael reagan, son of president reagan, is next. ♪ ♪ think again.

this is the new new york. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment.

new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov >> i'm nicole petallides with your fox business brief. we are watching golf stocks in particular, this after the u.s. open at aaron hills. this is unbelievable. six birdies on sunday including three straight on the back nine, never letting the pressure of that big stage deter him. then we're watching the sponsors and those involved, that includes nike. and that's who he joined, the nike team, very lucrative for him back in 2016 after being a titleist guy. also playing with taylormade, part of the adidas brand, but they are selling that off. watching that as well.

on wednesday, that was on may 10th, adidas announced it was selling taylormade to a private equity firm. and we're also just watching callaway golf and underarmour and the like.

at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. >> in this present crisis, government is not the solution to our problem; government is the problem. charles: well, there are those

famous words. joining us now is the author of "lessons my father taught me," president reagan's son, michael reagan. michael, it's been a long time. i want to ask what feels increasingly to be evident that the deck is stacked against president trump. just how much is it stacked against him? >> oh, it's stacked against him greatly. i think the one thing my father had is he had -- he did have support in washington. he had to build up that support. he knew how to negotiate. even though we have of a president who wrote "the art of the deal," there's also the art of the government and making those deals. my father to get the largest tax break in history and signed at my father's ran. , was he said to tip o'neill you tell those democrats, every one of them that vote for my tax break, i promise not to campaign against them in the next upcoming congressional elections, and that went a long ways. trump's not there yet. charles: he's not there yet in part because your father did

have a tip o'neill, you know? we're talking about a president right now that has trouble even with his own party, and a lot of people believe that's because he is a true outsider, and the establishment represents both sides wanting to claim the power, making his job that much more difficult. >> well, it is very tough for him because he is an outsider. he's not a conservative, he's not a liberal. he's an outsider. and he's always negotiating. i mean, my father didn't have twitter, didn't have social media, and those, you know, entities that were in the way of everything that's going on in washington. i don't think that helps him at all. i mean, donald trump, i think, would go a long ways if, in fact, he gave up twitter for a while, because it seems every time he stops tweeting, he gets things done. but when he gets in the middle of everything with his tweets, he changes the course of the news cycle for the day and, ultimately, helps the media come out against him. my father didn't add issues to the media to come out against

him. you know, sometimes it was just better to stay quiet and say nothing. i'll give you an example. when my father ran for office, what did they call him? a warmonger. they said he was going to start world war iii, he was the worst thing that was ever going to happen to america. charles: right. >> but you'll never find a speech or an op-ed piece denying all of those things. he didn't let himself get caught up in my knew shah. donald trump -- minutiae. donald trump spends too much time, and it stops him from accomplishing things. charles: although president trump would article -- argue all of the quote-unquote with experts told him the same during the presidential campaign, and he pulled off something almost no one thoughtas possible. i think he's going to keep wielding twitter. i want to ask u about president trump chipping away at former president obama's legacy, vowing to dismantle obamacare, we've withdrawn from the paris climate accord, we had the big news on cuba on friday and, of course, the focus on rolling

back those regulations. what are your thoughts there? >> i mean, those are promises he made during the campaign. but i think most people seriously are not worried about cuba, they're not worried about a lot of those issues. they're worried about, trust me, health care, they're worried about taxes, they're worried about a lot of other things at the water cooler. there's nobody at the water cooler saying so what do you think we ought to do with cuba. they're saying -- charles: oh, i would probably say that some of those cuban-americans in florida, particularly those who knew -- >> that's ooh one state -- that's one state. charles: i know. that's one key state, vital state to becoming president. >> well, listen, i've written op-ed pieces, i think people that visit cuba are nuts because all you're doing is visiting a human zoo. those people, when you meet the people there, if you befriend any one of them, you can't say, hey, come to my house next week, let's have dinner. because they're not able to leave. i think americans by going there and visiting are doing nothing

but feeding a the animal that's keeping all of those people in a human zoo, and i think it's ridiculous we have cruise ship that is go there, that we have planes that go there. because those people there can't leave. they can't get on the plane. they can't get on a boat and come home. i understand all of those things, but most people outside of, outside of florida are saying what about a job? i need a job. charles: yeah. >> i need my health care -- charles: people also are, were and are offended about some of those deals that were cut by former president obama, when it was the iranian deal, cuba. it's these sort of deals that legitimize or attempt to legit maize a country that you just described. and i think all americans don't want america associated with feeding the beast or the zookeeper, to your point. i do have to quickly ask you -- >> well, i understand that. charles: let me change the subject, because this is critical. you have, you know about this better than most. former german chancellor helmut

col, he passed away last weekend. he's remembered for helping to reunite east and west germany alongside your father when he delivered this famous line. roll tape. >> mr. gorbachev, tear down this wall. [cheers and applause] charles: a crucial piece of global history, certainly american history. your thoughts on this, michael. >> oh, my thoughts on that, how many people talk to me every day and i talk to people, don't you wish we had those people back in time, the maggie thatchers, the ronald reagans, the helmut cols, pope john paul. that was a great group of people. and, ultimately, mikhail gorbachev. they changed the world. we do not have that cadre of leaders in the world today that canning get together for anything, not even dinner. charles: michael reagan, thank you very much. >> thank you. charles: and you just heard it, of course, american brooks keep ca winning the u.s. open, that's

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charles: well, we've got some more breaking news. an incident -- update, actually, on that incident in paris. >> yeah. a 31-year-old from a paris suburb had been flagged for extremism. he's the person who drove a white car and rammed it purposefully, intentionally into a police van. he is now dead. his small white car was lit on fire. they did, however, find explosives in his car as well. so it's now being treated as a terror incident. happened on the champs-élysees. charles: also more breaking news on that london mosque attack, and you've got some charge -- >> yeah. he's a 47-year-old man. he has officially been charged with terror. now, in this attack on the crowd outside a mosque ten have been injured, two critically, one is dead. charles: and, liz, we have more details on that u.s. navy ship that had a collision with the japanese cargo ship right off the coast of japan. what's the latest there? >> they're discovered seven sailors dead in the u is ss

fitzgerald -- uss fitzgerald ranging in age from 19 to 37, states of virginia, connecticut, texas, california, ohio. this cargo ship was three times the size as the uss fitzgerald, it is the worth incident in recent u.s. navy history in terms of this crash. charles: wow. god bless them and their families. >> yeah. charles: more "varney" after this.

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charles: all right. folks, looking right there at the president, the president of panama meeting in the white house. president trump has a huge agenda today. this is one meeting. he will meet with the big-time ceos, technology ceos. there will be a lot there to discuss, everything from h1b visas, everything from perhaps from the climate control, bringing all those billions of dollars back home. emac, there is a lot of stuff. liz: doing this without getting tax or health care reform.

he is getting executive orders written, various cabinet officials moving to cut back the vegetative regulatory state to move the economy again. i'm not sure they can pull off health reform ahead of july 4th recess or even august. but with this tech meeting, tim cook said, listen you have to go to these meetings. if you're not on the table, you're on the menu. you have to see what the white house will do with technology in terms of making the government more efficient. charles: that makes irony of elon musk he was big projects, looking for big government subsidies. i will point out to the audience, want to take a look at the big board, because we're at the highs of the session. you're looking at all-time highs for dow jones industrial average. it has been absolutely phenomenal. nasdaq way up as well. s&p 500 is up. only comlling issue is oil. crude oil higher.

45 used to be what they called support. now it's resistance. that us down. that is the only reason exxonmobil and chevron have not joined the party. nevertheless looking huge gains across the board. huge gains in your 401(k). neil cavuto, i'm handing you a record, can you hold on to it? neil: unlikely. unlikely. i will do my best, my friend. as you said the dow in and out of all-time high after four-week winning streak. s&p doing much the same. all eyes on amazon after the news it is scooping up whole foods. in fact whole foods is higher than the price at which amazon agreed to buy it. which is fueling talk, other bidders come in and jeff bezos will up that bid. maybe a traditional retailer comes in, walmart, who knows. this might not be over. amazon which hit a all-time high about 20 minutes ago, now in and out of that, now around $994 a share. we're also waiting to hear,