economics, everything the trump administration is doing to contrary to russia. maria: i'll keep an eye on the market. if it rolls over this week, and maybe the course with paul ryan, if it rolls over, expect the markets. maria: have a great day. thanks for the panel. here is "varney & company" and charles payne. >> thank you, good morning. stuart will be back tomorrow. we've got a lot of big stories. markets, they're record territory, any move for the dow or the s&p 500 will be a high. paul ryan will make a big pitch for major tax reform today. he's calling this a generation opportunity. and the most spent on a congressional election in history, it's in georgia to fill tom price's old seat. we'll discuss the fallout from otto warmbier, the american held captive by the north koreans for a year and a half. and it's a big day for america.

we've only got three hours to cover it, "varney & company" is about to begin. ♪ . >> otto warmbier has just passed away. he spent a year and a half in north korea. a lot of bad things happened. but at least we've got him home to be with his parents, with are they were so happy to see him, even though he was in very tough condition, but he just passed away a little while ago. it's a brutal regime and we'll be able to handle it. >> well, that was president trump commenting on the death of north korean detainee otto warmbier. take a look, oil prices are at a new low, the supply a major

concern, hasn't been this much since november of last year. for many people, the good news, silver lining, the national average is 2.28 nationwide. the cheapest gas, by the way, south carolina, 1.96. in oklahoma 1.99. alabama close to the dollar handle. and take a look at u.s. futures, stocks are at record territory. we were up and now we're down. the question people ask, is there any stopping this market? >> i don't think so. i think that the markets have earnings that are propping it up here. we're going to hear about the second quarter in a couple of weeks. 6.5% earnings growth for q-2 which is going to keep the market here, i think. if you get any positives out of washington, out of some sort of a tax cut. i think that's the next leg higher in the market, charles. >> i guess the big question for some folks, earnings are great,

and a little expensive. does that worry you, top line growth? >> top line growth, values are not cheap. but the potential for upside out of washington, if he gets a health care bill or a tax bill, but what you're seeing now, a lot of growth out of big tech, the apples, the googles, the amazons. that's enough to support the market and what i looked at, charles, closely, last week when you had a bit of a selloff in the market, when techs sold off. the entire market didn't drop. there was a rotation into other sectors. if the financials start to get a bid and move higher, that can help the market up. >> that would explain why s&p and dow closed at new highs. >> correct. >> thanks a lots. let's get to the politics, speaker of the house paul ryan,

tax reform can it get done this year. ashley: he does and sounds good. talk is cheap, as they say. he said we are going to get this done in 2017. he says we need to get this done in 2017 and repeated himself. we cannot let this once in a generation moment slip. transformal tax reform can be done and we're moving full speed ahead. it sounds wonderful, doesn't it? there's a division in the republicans. >> and speaking to the troops, to his congressional colleagues than the american public. >> and supports the border adjustment tax, in order to pay for other tax cuts. many in the senate who don't buy it at all. >> when you look at it, paul ryan is not a dumb guy. for him to make this, he's back behind the scenes counting votes and for him to come out

and say that, i think you have to look at that as a positive. ashley: it's a positive. you've got to admit, mike, a lot of skeptical reaction to that because they've been saying day after day-- >> the captain of the game coming out as a cheerleader, but when you think of the medical bill, the health care bill out of the senate, it's going to lower the amount of savings and that's going to put more pressure where does that money come from now. back to the border adjustment tax. i don't think it's a good tax and some people argue it will jump start. >> and then the nuclear option, the revenue neutral thing and quagmired into this almost impossible in the weeds effort to get what should be straight forward, as he said, paul ryan says, generational opportunity, not just to cut taxes, but tax reform. >> we haven't seen this opportunity since ronald reagan. >> don't blow it. >> paul ryan will be talking today at 1:30. i want to get back to the death

of north korean detainee otto warmbier. dr. marc siegel, what might have happened, what do you think? >> i think what happened in north korea, we thought he was tortured and may have had blows to the head, but university of cincinnati was clear on this. he had attrophy of the brain, didn't get enough oxygen to the brain. he had cardiac arrest, and north koreans gave him something to suppress his breathing. there have been reports, sodium pe pentthal. >> and truth serum. they give you a medication to try to get you to talk, they give too much you stop breathing. one thing for sure, it's likely a chemical that he was given that stopped his breathing and stopped his heart. they took a look at the heart,

it's okay. the amend reason at his age, his heart would stop breathing. the main reason at his age that his heart would stop beating. >> and you saw him dragged with the soldiers, how did he survive so long. >> i think something happened at the beginning first there what caused this brain damage and attrophy, it's longstanding. his eyes were open, but he wasn't aware, this was going on for months and i believe the north koreans deliberately suppressed this so it wouldn't come out and cause the international outrage it's causing now. of course they kept him in as good of shape as possible after that. >> do you think he probably felt it's only a matter of time that he passed away and expeed

yens to get him out of there? >> we don't know what happened yesterday, whether anything happened. he wasn't aware, he wasn't awake, he was essentially not in a coma, but a vegetative state, no quality of life. or whether he'd reached the end of the line and let's get him out of here and not be on our watch, but this is an international disgrace of huge proportions. >> no signs of physical trauma though. was he-- is there any evidence he was also physically abused? >> there's evidence he may have been, but not blows to the hedden a not a lot of fractures hearing. it's not like they were pummelling him with clubs and that's what it was. if they were torturing him, which is likely, it could have been a chemical torture. >> and we can't forget kim

jong-un's half brother, with chemicals. >> a russian jet buzzing yesterday. >> a jet with missiles on the wing came within five feet. that reminds you of top gun. and very unsafe the pentagon calls it. the russian kashth in the baltic. and over the last, how long is that? well, since early june, that's a lot of interactions. this one takes it to a whole new level. within five feet of the u.s. aircraft. >> this comes on the heels of russia threatening. >> so russia threatenings to

shoot down one of our planes and within five feet of one of our planes. you want to talk acting aggressively. that's it. >> big news on the company. 900 million dollars in a kentucky plant, securing at least 1,000 jobs. here is the latest on tiger woods, who is quote, seeking professional help to deal with his prescription drug use. woods was arrested last month for driving under the influence. he told the police he was taking opioid pain pills before he got behind the wheel. and more political hate speech from the left. a new jersey democrat operative tweeting out the #huntrepublicans. coming up, you'll hear from a republican congress woman who says she's receiving death threats. and more on the terror plot in paris. the man who filled his car with gas cans and rammed a police car, he was on a watch list.

more varney after this.

>> and take a look at home builders. they're getting a nice pop this morning. lennar beat on top and bottom line, homes sales continue to gain momentum and average home prices go up. and the man who tried to attack he had rifles, and he had been flagged for terrorism. and you weren't surprised by what happened yesterday? >> no, certainly not. it's a pattern going on for a long time and i fear that it's going on for a long time to come. charles: when you say long time to come, it will get worse before it gets better? >> yes, it's hard to see how it gets better. in london we had three terrorism attacks in ten weeks. on sunday night, we heard for the first time a terrorism

attack by somebody attacking muslims seems to be retaliation as crazy as this is. charles: and europe boxed itself into a corner, with low birth rates and had to open the door to immigration. they never checked for skills, never checked for religious identity and never made sure that people were willing to assimilate. fast forward, 10, 20 years later. to your point, is there any solution? >> politicians have technocratic solutions and a terrorism attack happens and they talk about cracking down on internet companies. you have to look at the scale of the problems. the people in europe cannot address this because they've brought this in. the immigration policies.

there are things you can do. the main thing, if you wouldn't start from here. that's the main point of my book, these are things that america is thinking about. how can we assimilate them. and they can tell a radical muslim would have to have a certain way, but if they say their god wants them to act a certain way, this is the challenge. charles: a lot have shared the religious backgrounds. and that's changed and we have immigrants or refugees from all over the world. and how do we know a child of a refugee after 18 years doesn't

recent the country? >> they've got asylum from kourn gadhafi. he at age 22 blew up people coming out of a rock concert. and the we take in the parents, that the child may not become an extremist. we don't want to be fatalistic about it. you can be more selective about the immigrants you bring in and screen people. crucially, one of the advantages you have here, we don't have in europe, is my experience in america, people are generally grateful to be in america. they like the fact they can be part of the american ideal and dream the american dream. that's very different in europe where a lot of the migrants feel this is all rigged against them and sometimes they have a point, sometimes they don't, but it means they're bubbling rage and that's what i think is playing out at the moment on our streets. charles: should we do more as kids grow up in this country

to-- one of the reasons we have the pledge of allegiance, certainly in new york city schools, was because the last wave of european immigrants were bringing in anarchy from italy and other places. we made them say the pledge of allegiance every single day. is there something we can do to counter the jihadization of the kids and we don't see what's happening on social media and within the household? >> the first thing, we're excited about talking about inclusion, to talk about inclusion, you need to talk about exclusion as well. what will you not put up with as a society and none of us are particularly good about that, particularly bad in europe. the counter side of that. part of my book, we have certain diseases, as it were in our thought structure in europe, and i think you have, too. we're uniquely guilty and if anything goes wrong in the world, what did we do to cause it. we've got to snap out of some of these mindsets. a lot goes on in the world nothing to do with us. most of the rest of the world doesn't feel an overwhelming

guilt that we have and we have to get over some of that. charles: great book. appreciate it. let's checkups, the company announcing they're going to pay more per package this christmas season. we're all over that and a big day in georgia. voters are headed to the polls in the special election to fill the seat of congressman tom price. of course, he took a job with the trump administration. it's called the most expensive race in congressional history. more varney after this.

>> well, tiger woods says he's getting professional help for issues he has. now, with prescription pills, ashley. ashley: yeah, look, he put out a statement last night saying currently receiving professional help to manage my medication. he's had tremendous problems with his back and of course, we so this horrible police footage, dash cam footage when he was stopped in jup per, florida back in the end of the month. he has problems with back pain and a sleep disorder, put those together, he has a tough time. he's getting help and will be back in court august 9th

following that traffic stop. charles: tough, tough. ashley: yeah. charles: thanks. from sports to politics. voters in georgia head to the poll today to decide what has become the most expensive house race in history. what's going on, ashley. ashley: the spending for this, which is kind of a proxy on president trump's administration, the bill from this, the spending will likely top $50 million for the sixth congressional seat held by tom price who went on to become health and human services. karen handel the republican against john ossoff the democrat, should be a safe republican seat. they've held the seat, the republicans here, this particular district for nearly 40 years, but the latest polls have been very, very close, too close to call. 50-50 or maybe, ossoff might have a slight advantage. you know what we think about polls, don't believe a word of

it. but this is sort of a reflection on president trump. he tweeted out. a hard worker who will never give up. vote today. charles: criticizing president trump on staying away from riling up the trump voters, that's interesting. >> it will be tight. charles: we're only five minutes away from the hoping well. keep in mind, they've seen the market rally into the close. just a moment ago, caterpillar came out with pretty good news and couple that with boeing's news and lennar's earnings. blue chips look great. tech stocks are coming back. it's another great session. "varney & company" will be right back.

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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. >> well, the opening bell is ringing in less than a minute. again, let's put it all in perspective here. yesterday, the dow jones industrial average and s&p 500 closed at all time highs. these are stocks you know, your parents know, your grandparents through, your great-great-grandparents knew. why are they moving? because the economy is moving. it's no secret, we are looking

fantastic. the key is, of course, can it keep going? can we get in economics going, especially with washington d.c.? so far the answer is yes and people are on pins and needles. don't be, this is america and we'll open the market. and as we populate the board, got a new upgrade yesterday, and that's up there a little bit. can't see the other ones, wal-mart, rebounding a little bit. remember-- >> american express. charles: more red than green. ashley: the oil stocks are the big laggards. charles: oil. ashley: yes. charles: let's look at the s&p 500. all right, we're down less than, to 1/5 of 1%. an early start, a little bit down, maybe some profit taking, which is fine and let's take a look at nasdaq. down a little bit again, an absolute juggernaut, because of the big tech names. we check them every single day,

before that though, crude oil is crashing. this is the low as it's been this year. below november of last year. and it's a double-edged sword. apple up, amazon up, alphabet, google, early on. and they're going to add a surcharge on black friday weekend and christmas, big savings surcharges are necessary to offset additional costs and with the holiday packages. jing me mike murphy, steve cortez. the market will start at record high. steve, what's going to stop the market? >> the only thing that will stop it, i believe, is capitol hill. i think that's the only way the market can be stopped. there's a lot of momentum and a lot of confidence. consumers at the regular working angle, all the way up to ceo's in the c-suites. confidence and optimism abounds and the only thing that derails

it will be congress not getting tax cuts done. i don't believe that's going to happen. i believe it will get meaningful tax reform done this year and the stock market, i think, we've only seen the beginnings of the kind of rally we could see the rest of 2017 and 2018. >> mike, you mentioned the-- that's what renfro last week, and can we look at that as a red flag, what could happen. >> yes, but a downgrade on apple like you mentioned, and news out of amazon and money is pouring back into the techs. you do that, and they say eight year bull market and valuations, there's no has-to, if you look at what the market is telling you, every dip is bought. there's confidence in the market and earnings are supporting the market, the next move, 5 to 10% move in the market is higher not lower.

charles: you agree with steve, the only thing that could stop it is the g.o.p. falling short with the president's agenda? >> i would look at it differently. if you get that that's gravy on top. and the market is treating it as though we don't see it this year. charles: ashley, we know the economy, success begets success. we see signs that some things are moving without legislative wins. ashley: i think that the economy is doing well standing on its own. and the fed is not propping it up. to mike's point we're moving ahead, maybe not as quickly as we like in some of the economy. signs are positive. if we get things out of washington, yeah, it's gravy and we'll see the next leg up. >> to that point about the fed, ashley, i think is critically important, it's amazing to me, and reassuring to me that last

week, the fed raised interest rates, markets didn't seem to care a bit, markets shrugged it off. that isn't what happened in 2016. it sent the markets into a cataclysm in 2016. what a difference mostly due to president trump and earnings expansion. so we have a different scenario where the fed can raise rates and can slowly move toward normalization, but it's a welcomed change. let's get out of the world of constant fed support and central planning relying on government and let's get back to the dynamism of corporate earnings and job growth and all of that happening ap and all of that accelerates. charles: steve, i didn't interrupt you because as you were talking, the market was coming back. >> i'm filibuster. charles: i want to take a look at oil.

and sometimes, you know, some people think that crude oil can be a proxy for the global economy. is that true this time? >> i don't think so. you know, perception is everything when it comes to oil. you can look at it and say lower oil is going to hurt the energy sector or help the consumer. right now it appears as though the market says it's going to help the consumer. it's not about global demand. i think it's more about so much oil coming onto the market which i think is fine right now and i think lower oil is going to be ultimately a positive, not a negative for the market. charles: you know, steve, i have some problems with the amount of bricks we brought back. 130% more because i think the major capital expenditures in midwest, north dakota, oklahoma, texas, i know it's a double-edged sword and opec no longer controls oil like they did. should we slow down and find a sweet spot? >> i would hope so.

to mike's point, it's a two-edged sword, oil. the geopolitical front that the united states is more energy independent, and opec, goodbye, can't happen to a nicer bunch of guys. on the flip side you don't want oil to be too low. the jobs are crucial to our recovery, in texas, north dakota, pennsylvania. with natural gas. look at the market, i am a bit contrarian, everybody thinks that oil is headed to the 30's. i suspect we're nearing a bottom. the sweet spot is probably 40's to 50's. >> and the companies that do the drilling, let them drill. they have their plans made out. and they know where they make

money and you hit the nail on the head. you have jobs coming to the country. let the companies drill for oil, put it on the market and hire people. we're all better off for it. charles: everybody talks about the fabulous five when we talk technology. the ship -- the chip makers have been crush. everybody said don't buy chips. nvidia, micron, a buy here? >> when people talk about chips being commodities, there wasn't esports. gaming, esports is exploding. last year, it was the sixth most bet on sport worldwide, esports. that's my team is going to play against your team in league of legends or whatever the game is. for those games you need faster chips, better chips and companies like nvidia are

creating new ways for you and i to game and play against each other, a lot more upside there. charles: steve. >> mike, that's a great point. i don't get it, i guess i'm old and i can't imagine playing the against somebody. but the millennials, it's exploding. what about the chips participating, the participation is broadening now. when you talk about the profit-taking, the high-tech names, a broader rally, yesterday, masco which makes housing supplies, primarily for the kitchen and bathroom for new homes primarily. an all-time high, absolutely flying. charles: i recommended masco on my show three months ago, coral springs, florida company. i love them. and i will also say i'm not an e-gamer, but i bought myself a pinball machine and i loved it. moved it to the house to play

some old school pinball. and steve, almost did it, we were down 20 when steve cortez started talking and now we're only down 2. let's take a look at gold. still, at 1250 area. one story for the market, home builder lennar, the profits, home sales are gaining, they've got pricing power, it looks great. tesla continues to be on the move. today's move, the bloomberg report that the company's in close agreement that will allow it to build production in china. that's going to let-- by the way, they will avoid that 25% tax usually on foreign-made vehicles if they can build it there. and higher sales at caterpillar looking particularly good in asia. that stock looking firm. general motors laying off 1,000 workers. we've got to go to nicole petallides to find out what's going on. nicole: this is all about

general motors and their plans to make more focus on pickups and suv's. as we've seen oil prices, gasoline prices and they've had less demand for passenger cars and the chevy malibu mid sized sedan in particular, that has seen about a 30% drop-off in sales. so that particular factory in kansas city, kansas now they've announced layoffs about a thousand workers. it was only last week we have been talking about workers coming from mexico for the arlington plant for parts and suv's and the like, but this is the focus and the analysts still love mary barra's focus. we remember when gm went into bankruptcy in 2009, mary barra not to overproduce a vehicle. charles: thank you, nicole.

and thanks very much to mike and steve. steve, we'll bring you back in the 3:00 hour to get us over the hump. >> you bet. charles: and take a look at the big board, we're down less than a point. we're in record territory. looks great. meanwhile, crazy stuff. the democrat strategist sends out a tweet using the #huntrepublicans. tucker carlson challenged him on it. you're going to hear that exchange next.

>> hey, look at this. well, a moment ago we were at record highs. the market is looking pretty good here. want to get to politics though.

a new jersey democratic operative tweeting, this, by the way, is after the shooting of representative steve scalise. that we're in a war with selfish and narcissistic rich people, why is it a shock when things turn violent, he used the #huntrepublican congre congressmen. >> he was on tucker congressman. >> i'm saying hunt republicans instead of democrats. so, take up arms? >> no, it's not about taking up arms. it is about coming together and fighting back. >> talking about hunting and-- you know what? you're an unbalanced person and i have to say, it's distressing that more democrats haven't disavowed you. charles: joining us now is congress woman who was on the show last week and talked about the death threats that you

received. can you believe that this whole incident, this tweet went out after the shooting of representative scalise? >> there were a lot of tweets going out blaming the republicans and the republican rhett ricori rhetorics. they're trying to blame sarah palin back with gabby girth r giffords tragedy. it's coming from democratic politicians, supposed to be leaders. i don't see republicans leaders coming out about democrats. we're talking about policy, and talking about things that they're characterizing and mischaracterizing. we are talking about free enterprise and freedom and those types of issues, we talk about. they're talking about socialism. if you want to talk about what's mean and unfair to people, socialism is. just look at examples around the world. i've lived in the former ewing

yugoslavia. there's a difference when there's big government that's mean and bureaucrat and takes over people's lives. we're talking giving people freedom and a chance to thrive. charles: what about even scott pelley, cbs news, and he made the comment essentially that representative scalise brought this on himself. do you believe that? >> it's terrible. and some who should be leaders in our community doing the same thing. the media, moral rell vichl, it's different when a republican stands on policy. and let me liken this. i'm a lawyer and when you have a winning case you're talking about policy of your good case. when you have a losing case, you're talking about distracting, resisting, stalling and that's what the democrat movement is about, it's resisting trump, the trump

agenda. it's resisting the republican agenda. they're not advancing policy. they're trying to shut down the policy of the republican side. look at college campuses. they're shutting down the exchange of ideas. charles: i think you're including hillary's campaign. it's clear that the democrats are a rudderless ship without a leader. >> and paul ryan, and talking about getting things done before the summer break. >> i think there's an obsession with the summer break. i don't think there's anyone that-- >> do you want to speak to everyone? >> my freshman class, we want to get things fixed and replaced and dodd-frank and the negative effects.

something we've passed through our committee. things are on the margin in the house and it's up to the senate to take charge. we're pushing hard and when you're talking about us getting it done, we've been getting it done in the house and the pressure is on the senate. charles: with this sort of turf war between g.o.p. house and g.o.p. senate, are they-- i mean, listen, is there more of an elitist environmentj

we know where you'll be this summer. >> i'm there. i can't wait to get this stuffen 0 the president's desk. charles: good to see you. the dow 30 now, you can see off just a little bit. so, more losers than winners, still within record territory and we've got more headlines expected this week from the supreme court. we focus on president trump's travel order. judge andrew napolitano on that next.

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>> well, the supreme court could rule on the travel ban by the end of this week. all rise, judge andrew napolitano is here with us. >> well, a lot of people are. i can't predict which way they're going to go. there's a number of avenues available for them. first, you should know, they don't like cases like this this time of year. this is literally the busiest time of year for them. they have two remaining mondays on which to dispose of about 15 or 16 opinions.

so, most of the justices and their clerks are probably working 17, 18-hour days as we speak. in the middle of that, tomorrow they will stop, they'll review the government's applications, appeal from the 9th circuit court of appeals in california, the 4th circuit court of appeals in virginia both of which upheld lower courts which prevented the president from enforcing the travel ban. the 9th circuit for one reason and the 4th for another. the supreme court generally doesn't like to rule in a preliminary way. they like to rule when it's over worth below. there will be trials in maryland for the virginia case, the appellate court, the trial courts in maryland and there will be a trial in honolulu for the 9th circuit case. the question, should the president's travel ban be in place during the trials or should it be stopped until

after the trials. that's the simple question before the supreme court. they don't like to answer preliminary questions like that. they would like to wait until there's a trial so they have a record of fact-finding by a judge or a jury. charles: two things, if they say, okay, we'll go with the lower courts, we'll keep the decision in place. does that give us a look into how they might ultimately decide on this? >> the public would say yes. the lawyers and scholars will say no. they've changed their minds more often than not when the full trial record comes to them. right now there is no record, there's just president trump's executive order, a judicial opinion attacking it, an appellate court opinion upholding that lower court opinion on the east coast, the same on the west coast. there's no documents, there's no testimony, no expertise,

there's nobody telling the judge and jury the six countries are dangerous and produce dangerous people and the president has the right to stop this. and it often views the case differently than it did in the beginning. i hope it makes sense. charles: it does. [laughter] >> thank you very much. >> all the best, charles. charles: and i've tried to tough it out and you've sent me amazing cures between the brandy and the whiskey, and meanwhile, ashley is going to take you through the next two hours. >> do you need any help with the brandy. charles: and wait until you hear about the latest, ashley, webster, and "varney & company" will be right back. ♪

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. . ashley: charles is getting that brandy. i'm ashley webster. stuart is back tomorrow. thanks for sticking around. stories we cover this hour.

gop pushing president's growth agenda big time. paul ryan gives a peach about two hours from now, calling for aggressive tax reform. mitch mcconnell pushing for a vote on health reform before the 4th of july holiday. we'll see if that works out. meanwhile in georgia, it is election day, that hotly-contested to seat to fill tom price's seat in congress. a lot of votes already cast. we'll talk about that. this hour the ceo of my pillow, he is involved in helping the president revive america's inner cities. interesting story. nfl hall of fame are jerome betties criticizing the nfl on the handling of the concussion problem. lots to talk about. hour two of "varney & company" starts right now. ♪

♪ ashley: starting the day, can't really get your engines revved yet on the markets. the dow hit an all-time high. seems like we do it every day. down 22 points at 21,506, can you believe it. that is the big story of the day, oil down big again today. as you can see oil down a buck 33, down 3% at 42.87. where's the bottom on this? we had one guest earlier may be right around 40 bucks. could it slip into the 30s? we'll have to wait and see. that is dragging on oil drillers and there is lots of them but they're all suffering from the low oil prices. hess, transocean down 4%. mainstream media continues attacks on republicans. listen to what msnbc's joy reid

had to say about congressman steve scalise. >> everybody is wishing the congressman well and hoping that he recovers. >> sure. >> steve scalise has a history we've all been forced to sort of ignore on race. he did come to leadership after some controversy over attending a white nationalist event which he says he didn't know what it was. he also cosponsored a bill to amend the constitution to define marriage between a man and woman. he voted for the house health care bill which would gut health care for millions of people, including three million children. he cosponsored a bill to repeal ban on semi-automatic weapons. are with he required in a moral sense to put that aside for a moment? ashley: wow. kristin tate, author of "government gone wild" to talk about this and other things. all the talk of unity after the steve scalise shooting is short-lived, based on what we heard there. should we ignore what steve scalise stands for?

>> the left calls for civility and unity are meaningless. they use talking point to silence conservatives when it is convenient. they only think about unity when unity is coming to her side. joy reid, she ought to be ashamed of herself. she told viewers to consider that he voted against obamacare. he wanted to replace obamacare. what is she trying to suggest? is she trying to rationalize violence against 50% of peoplethat voted for trump? she is trying to rationalize violence against conservatives because she disagrees with their point of view. ashley: would you see most of the violence, works both way has come from the left. look at trump supporters holding rallies in berkeley or conservatives want to speak on college campuses not only are they shouted down but attacked. >> it is norm salization of left-wing radicalism. kathy griffin holding up head of trump.

snoop dogg assassinating trump in his music video. people like madonna fantasizes blowing up the white house. when does it stop? extension of jargon becomes violence. this is terrifying. ashley: i thought democrats were kinder, gentler people? >> sounds good they use to get votes and media is totally on their side. media refuses to cover this stuff. ashley: shocking. another issue for you, kristin. house speaker paul ryan will lay out the tax reform plan later today. in ryan's prepared remarks he says quote, we'll get this done in 2017. we need to get this done in 2017. we can not let this once in a generation moment slip. you know what? i'm kind of tired of all the rhetoric. you can talk about it, say we'll get it done, but they have done nothing up to now. that is rallying call for the entire republican party to get on the same page. are you optimistic this can get done. >> it will be really hard.

paul ryan realizes he needs to pass something. his political career depends on it. i hope republicans understand if they can't pass something substantial, 2018, those elections will be ugly. passing something through the house is almost easy. the real challenge is through the senate. the republicans do not have supermajority there. senate democrats made it clear they will move forward with their resistance. ashley: republicans are not giving unified face anyway. paul ryan who favor this is border adjustment tax to pay, offset cuts in corporate taxes and individual taxes. there are many others that don't agree with him in his own party. can that ever be solved? >> i agree with you there, the infighting with the republican party has got to stop but there are a lot of places republicans can come together like lowering the corporate tax rate. i think the big roadblock is the senate democrats, people like chuck schumer, elizabeth warren, they would rather see america fail than see a legislative win for the republicans. ashley: because they now believe

donald trump owns it. it is not obamacare anymore. health side, on taxes, this is all down to trump. they will do everything they can, which they have done from day one is to obstruct. >> obstruct, obstruct, they're a party of no. we'll see if the strategy works next year. i don't think it will. i agree on republicans needing to come together on the other side. ashley: god forbid democrats come up with an idea of their own. just saying. kristin. thank you very much. voters in georgia's 6th congressional district heading to the polls for a special election. democrat jon ossoff raised a staggering $23 million since is the campaign began. republican karen handel raised 4.2 million t could bo over 50 million as far as money raised. randy evans, national committeeman of georgia. randy, thanks so much for joining us. this is a high-stakes campaign especially for democrats, would you not agree? >> absolutely high-stakes.

they have suffered a series of losses. they're butting all their money, all their egg in this basket. last i saw total spend on this raise is over $60 million on congressional race. just unheard of. ashley: randy why is this so close? this has been a republican seat for nearly 40 years, four decades? is this a proxy on donald trump's presidency is? that it is so close? >> it's a proxy war between the two political parties. they both candidates and their messages have long been abandoned. literally this is a pure ground war where the democratic national committee and dccc along with the republican national committee weighed in. it is just literally inch by inch getting every voter they can. i think we'll go long into the night tonight about we know who the winner is. ashley: tom price won the seat with 62% of the vote. where is that republican vote gone in the light of the facts polls show it so close?

>> i will remind you president trump won by less than two points. it's a district that could go either way. when you come down to it. but the truth of matter is, in a special election runoff in the summer, it really polls, preferences go out the window. who has the best ground operation to get people off off the sofa into the voting booth. that is what we'll really see today. lines are long throughout early voting. they're very long today. it will be a long day. ashley: try this one, randy. senate god leaders plan to vote on health reform bill next week. the question can they iron out difference between them to come up with something? >> i think so. i think leader mcconnell as well as members of the republican caucus in the senate have done a pretty that nominal job staying on task, not getting where they were chasing a rabbit and things there.

they will have the votes when ever they roll it out. it has to it fit boundaries of reconciliation to pass it with 51 votes. i think we will have a vote or two to spare. ashley: rand he did i as we go on, time wastes away, how concerned are you with the midterm lech if republicans have a hard time getting on same page of any of it? tax reform, you name it, if they can't get their act together how serious will the midterm elections be? >> i think they will be serious. anyone who thinks they know what happens in 2018 including republicans or democrats is delusional. we have no idea where the electorate is going. we're in a period of transformation. we're in a period where parties are realigning. how that realignment looks next year will be interesting. we ended up basically last november with three political parties. we have the republican party, which controls the congress. we have the democratic party and then we have the trump party. now how those break down

whenever you divide it into two choices that is what we'll learn next year. ashley: republicans have got to get their act together. randy evans, thanks for joining us. we have breaking news out of syria, we the united states shot down iranian drone apparently. lauren simonetti with more. >> ashley, good to see you. u.s. s-15 jet, shot down once again iranian drone. the drone was flying in syria near u.s.-backed forces. if you look at country, years after the war broke out, russia, u.s., iran all with the same interests in fighting isis in syria. but now, there is friction among all of them. this coming after a u.s. jet shot down syrian warplane a few years ago. russia treating u.s. aircraft flying in certain parts of that region as hostile. it is getting awfully confusing. ashley: buzzing u.s. aircraft in the baltics, coming within five feet. that can not be safe. feels like tensions are being

ratcheted up just a little bit. >> it is interesting. hear all the talk about, trump campaign was in bed with russia. ashley: collusion. >> all that collusion, look at actions in syria are we working together? ashley: conspiracy theorists are saying they're doing this so there wasn't any collusion. you can't win. lauren, thank you. there are possible 220 new ex-owe planets in our galaxy. they found them using kept lar space telescope which i assume is very you powerful. coming up the next concert could be virtual reality, popular artists like imagine dragons letting fans experience the show like a backstage pass never before. we have the story. my pillow guy big supporter of president trump helping those in the inner cities. he will join us later this hour

to tell us how. is being hour of "varney & company" straight ahead. ♪ [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.

ashley: fitbit and the nba's minnesota timberwolves are teaming up for a new partnership. sounds interesting. lauren simonetti, what's going on? lauren: on the front of the timber wolves jersey will be the fitbit patch, advertisement. ashley: right on the nose of the timber wolf? lauren: on their nose. on their wrist you might see a fitbit wearable device. as part of this partnership fitbit, if you use the app, if you're a fan in the stands you can see the concession men use. there is more integration here. ashley: players fitness and how much they run, all of that? lauren: i don't know that the

players want you to do that. maybe work with one or two of them. ashley: fascinating. >> you can feel awful about yourself, and how much you didn't run that day. ashley: good for fitness and fitbit for the nba? good for visibility? lauren: yeah,. ashley: thank you very much. president trump is slamming the brewed tall regime of north korea following the death of otto warmbier. listen to what general jack keane says could bring us to war with north korea. roll tape. >> we will take action before they would launch a list sill like that. that is the path we're on. that is the worst scenario because that means war with nor create and horrific casualties in south korea to be sure. that is why we have given the chinese a lot of leeway here to see if they come through with a sanction program. i'm very skeptical about their commitment to actually achieve those kind of results but, their president has talked to our president and we're giving them

the rope to see if they get something done here. ashley: interesting. our next guest says president trump has shown he is a champion of peace and human rights around the world. judy shelton, codirector of the sound money project joins us now. judy, great to have you here. i have your op-ed piece in the "wall street journal." kind of give me a synopsis what you're saying and what makes you believe that. >> well i usually speak as an economist, and i served on the trump transition team at the treasury department, but i also care very much about democracy and human rights and i feel that president trump is not being given credit, not just for, what he already said about democracy and freedom and human right and american values, but what he has shown us, and even in the last week, we have seen what he said in miami about bringing freedom to the cuban people, and to stop enriching the cuban military. i think his remarks after what

we've seen, with regard to north korea and the way they treated this young american citizen really goes to the heart of the fundamental decency of american values, and our emphasis about caring the way people are treated and wanting to stand up for the rights of others especially when they are not able to stand up for their own rights. ashley: so what can he do, judy? you know, certainly what we've seen in north korea, venezuela is another example of a country in absolute chaos. >> right. ashley: we can look from the sidelines and say this is absolutely awful but in reality what can president trump do to help bring about more democracy without being accused of nation-building? >> i think the world needs to know where america stands. we are still the moral authority on democracy and freedom and human rights. president trump already did something that was, was extremely important for venezuela. he had an oval office meeting

with senator marco rubio and vice president mike pence and the wife of the champion of freedom in venezuela, a man who has been imprisoned for being a democracy activist, came to see him. he walked out of the oval office, insist ad photo taken thumbs up, immediately tweeted out. we know he decides who writes the tweets and the content, president trump said the venezuelan government should let her husband out of prison right now. it had such an impact in venezuela t was very powerful that the president of the united states was siding with this freedom champion. so it is moral support that count but i think, people have to know, make no mistake, that the united states does not back away. when we see unrighteousness and we see people being treated horribly by brutal regimes, i don't think we back down. i don't think america ever has.

ashley: judy, very quickly, i literally have got 10 seconds, seems no matter what president trump says, he will be criticized whether about human rights or anything else? >> it's a shame. it is a shame. we should be supporting him and he is doing the right thing, we'll leave it right there, judy shelton, thank you for joining us. we appreciate it. ups will add a surcharge to packages during black friday weekend and christmas week, all about focus of online shopping. what is the stock doing today? it is falling, down 84 cents at 110 bucks, ups. four bands are using virtual reality to change the way we go to concerts. you feel like you have a front row seat. best what, you're really watching from your couch. that is cool. we've got the story. ♪ ♪

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ashley: back to the big story of the day, oil down big, that is dragging as you can imagine energy stocks down. exxonmobil, chevron, schlumberger, hess all moving lower. look at some numbers, down one, two, 5% as oil continues to drop. virtual reality by the way keeps getting bigger and some say it could change the future of live music industry? hillary vaughn joins us with details. hillary, how does that work? reporter: well, you need a vr headset and you need to download an app, but for the first time ever virtual reality is transporting fans into

one-of-a-kind live music experience. live nation is teaming up with next vr to give fans a front row seat and backstage pass to their favorite bands live and they can do it without leaving their couch. >> those of you unfamiliar with virtual reality, essentially removing the fourth wall. people are using to watch concerts live or at home, home watching on tv or tablet, on an ipad for example, first time ever you're stepping into the screen and experiencing a concert like you're there. reporter: the whole experience is broadcast with ten different cameras on stage, behind stage and in the audience. production crew outside the venue broadcast the experience live to vr headset. the summer concert series is free for those who want to join live. free shows, third eye blind and lady antebellum. they need a headset and smartphone to download the next

vr app. this is huge for artists takes their live performances global but a big opportunity for promoters like live nation, more ways to see a show means more ways to sell tickets. >> virtual reality is providing us this opportunity to experience that same thrills and chills that you can experience live at the event. that is something that we really try to capitalize on. reporter: live nation says virtual reality is an extension of their business but it is not going to take away from the live music experience. ashley. ashley: very cool. don't have to find expensive parking spot. find an empty couch. love it! hillary, thank you very much. coming up mypillow ceo mike lindell overcam a life-long battle on substance abuse. protests disrupting shakespeare in the park productions. the one that kills our president instead of julius caesar at the end?

fox news's brian kilmeade gives us his take on all this next. ♪ here comes the fun with sea-doo ♪ sea-doo has the most affordable watercraft on the market

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ashley: cooping eye on what is going on wall street. dow off the same range off 18 points. managed to hit all-time high. that's what we do every day apparently. slipping slightly lower at this hour. don't forget about big tech. we keep an eye on these guys every day. still trying to find their way. facebook, amazon higher. alphabet and google. amazon, microsoft. president trump promised to work to fix the country's inner cities. housing and urban development secretary ben carson also addressed that issue. take a listen. >> we're looking at communities.

so it doesn't do any good to build a big project without having health care, without having appropriate types of education. >> right. >> and most importantly, job creation. ashley: our next guest is working with the president to help urban communities. mypillow ceo mike lindell joins us more with more. mike, you have a foundation working on this. welcome. >> great to be here. well it, it has been a couple years now. i have, i was an ex-addict. ashley: yep. >> i had, what i have done is i have created a foundation where you help the individuals, where 100% of your money goes there. you hear back on what difference you made in their lives and it was interesting, last summer, through a couple divine appointments, i got to be good friends with secretary carson. ashley: right. >> the president reached out to me, mr. trump, for a meeting. one of the things we talked about the most, working with the inner cities. i got out of the office. we talked about all these things

i was going to do and his ideas and they just came together and i was so excited when i got out of there. this is the guy i want to be president. ashley: people say what are the problems of inner cities? seems like a huge umbrella. what do you mean? what are you going to do? >> what we're going to do, and going to, start with the larger cities and actually i'm going to start with detroit. we do a lot of stuff in detroit and there is a lot of good things already going on in the inner cities. you have got your teen challenge, union gospels, all these things for addiction. you've got so many things, schools, veterans, all these good things the we want to kind of combine them with my foundation i want to take private funds, people that want to help, like mypillow, and individuals that want to help, rather than tax people that can't afford to help. ashley: right. mike, i know this, you have been a big supporter of president trump since the beginning. >> right.

ashley: has there been any pushback personally for you? i heard it from other people. have you experienced it? >> oh, yeah. ashley: what way? >> better business bureau last winter. ashley: yeah. >> if i do, i'm outspoken. like i said, you can't change, you can't take that away from me. the guy is amazing. i can't wait for his things to happen. ashley: but you can't say that these days in certain places. >> i do. and i hear about it. but it is really interesting, because they will hit my twitter. in minnesota. i'm from minnesota. do my own manufacturing there. as people say bad things or attack me, then about 30 people for everyone will come in and say, hey, this is good. this is a good things that they're doing. ashley: why is it so divisive? why so much anger? >> it is really sad, you know, i'm not really sure why it is so divided. if people would give the president a chance to see this, go, wow, this is amazing. that is what i'm trying to do.

every time i'm on t have, i'm going, give it a chance here. and you know, when i met mr. trump, he has a heart this country. and it is going to be amazing. i can't, i can't say why it is divided but would i like to get it united. ashley: you would. next one for you, mike. mypillow reached a settlement over allegations thatyour company failed to collect taxes made on sales and over internet and phone. where does the case stand now? >> we just won an appeal. we won an appeal. and, where the lawyers, these frivolous lawsuits, let me tell you, when mypillow, i'm doing a sleep study in this country, one of the biggest ever done. when i prove all the things mypillow can actually do, take frivolous lawsuits, where lawyers, they are the ones making money. to attacking good companies and big companies and, you know -- ashley: how is that? >> it needs to be loser pays in this country.

not just go to mediation. now we make a business -- ashley: that would stop a lot. >> would stop a lot. a business in this country, you make a business decision, when i got into mypillow, i started out, i'm going, what is morally right, i will fight and fight. i'm going, you end up paying money even though you're right. that is wrong. ashley: you have to have recent layoffs, that right? because slower sales. >> they were seasonal employees from the, but i wanted to keep them on. i had given everybody raises. then with, with our commercials, coming out, a lot of things, including what happened with the bbb. ashley: right. got that resolved. >> they still gave me my a-plus to an f because i under would take down my ad. ashley: life is a battle. thank you for helping the inner cities. >> god bless.

ashley: mike lindell, mypillow. multiple performance of the shake peer in the park were disrupted by protesters. we've seen this kind of thing. >> we're going to pause. security. ashley: joining us live on the radio, mr. "kilmeade and friends" host, brian i haven't seen the video before. kind of sucked into it. one of those protesters talked to sean hannity. listen to this. >> left has systematically and programally used free speech and artistic expression as a pretext to incite violence. the left takes pleasure watching assassination on president trump. when you delight assassination of our president, it will have a violent end. ashley: you know, brian, seems to me because donald trump anything is okay. you get that sense? >> a couple of things going on. i understand the sentiment. we went over the play. i think it is totally

inappropriate. i'm not a shakespeare expert. old english makes my eyes glaze over. i'm not sophisticated enough as most people on twitter will point out. i have no use of storming stage. i hear "the book of mormon" is insulting to mormons they weren't storming stage in the middle. i don't care your point of view. i think that is inappropriate. i think what laura loomer is a fine person, decided to do to the cast is totally inappropriate. they got a job to get experience in the business. they have a right to do what they're doing. they're not necessarily pro or anti-donald trump. i just don't like the idea of storming the stage because you don't like the guy. guy storming stage, tried to gab now president trump's leg is that right. he said inflorida forethings. not the way, i don't want to get used to ashley.

ashley: i hear you. if it was barack obama was getting assassinated a wave of liberals would jump on the stage. former running back jerome bettis, calling out nfl reportedly holding out information on concussions from players. the problem he says, we don't necessarily know all the league is doing. you definitely feel you are taken advantage of in a he way you were not give the information. you always want to have a choice of knowing. what is your reaction to bettis' comments, brian? >> he said it in israel. he is one of the kind of the nicest person who played a brutal sport head first. his way of avoiding tackler was not, with his head. that is why they call him the bus. maybe nfl could be forthcoming what they're doing. i get that. the worst thing you can tell a football player you can't play

because you had a concussion on monday. they say it is sunday, i'm playing. let me on. they still today, we hear tom brady's wife come out say, tom brady had multiple concussions. he did not say anything. i worry about him today. i think football players are so tough. they make things worse. nfl could have been more forthcoming. but they are catching up quickly. the future of the game is really revolve, around whether the nfl can make the helmet and handle impact injuries or football will flame out eventually but still remain's america's number one sport. that is our football. not soccer. ashley: i get it. i get it. listen, i used to cover the green bay packers, tennessee titans. i got it. i love it. sticking with sports, tiger woods says he is getting professional help for his issues with prescription pills. that awful video we saw, there is the mug shot. i hate to see it. your reaction? >> my reaction is this, number one, i think his story has to be told.

that car had so much damage, he does not of thely remember where he was driving to and clearly was out of it. i wonder whats he hit with the car. hopefully nobody else. number two, sadly, so many families can look at prescription drug addiction and say, i can relate to that. some great people have got caught up in it. the days of tiger woods being on top of the mountain and americans wanting to knock him down are over. i think he has multiple calls from fans and pga tour piers want him back out there. i hope for him he can get out there. can you imagine momentum of tiger woods in a major, somehow some way, even 41, 42, jack nicklaus did it, if he is in contention to win a major the whole world will stop to watch. i hope he can get his life together. clearly he has been in a tailspin for the last six years. ashley: he has. my fingers are crossed that indeed can happen. we only hope, he is so good for golf.

when he is in top form, no one quite like him. brian kilmeade of "kilmeade and friends." thank you very much. >> ashley, go get them. ashley: we will. there is a special election in georgia. the result could preview what republicans face in the 2018 national election, those midterms. governor mike huckabee is next to talk about that. later in the show, formerly golden state, we say formerly golden state, california, approves a multibillion-dollar budget. find out where the money will be spent, 11:00 a.m. on, more "varney" after this. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia

♪ lauren: douglas murray, author of the strange death of europe says he is not surprised by yesterday's terror attack in paris. roll the tape. >> politicians have what i describe as technocratic solutions. another terrorist attack happens, they talk about clamping down on internet companies. that is a bit of it. but really you have to look at the scale of the problem. my view is the politicians in europe can't actually address this problem because they're responsible for bringing it in. it is the fact that they never predicted any of this. their immigration policies were so badly thought through why we're in this situation. there are some things you can do but the main thing you wouldn't start from here. ♪ [vo] when it comes to investing,

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ashley: take a look at lennar. profit beats as home sales gain momentum. that is good for the stock up more than 3% at 54.53. it is helping the homebuilders as a sector. lots of green arrows. kb home, to brothers pulte moving higher in this morning's action with the market essentially flat.

by the way, ford motor will send the next generation focus from china to america. i wonder what mr. trump thinks about that, rather than mexico as earlier planned? it will save the company $500 million. that seems to make economic sense. that is according to a top executive. stock meantime slightly lower. now to the death of american college student otto warmbier. before his death his father said president obama didn't do enough to bring him home from north korea. roll tape. >> the question is, do i think the past administration could have done more? i think the results speak for themselves. ashley: i guess that says it all. joining us former arkansas governor mike huckabee. great to see you. governor, does the obama administration deserve some blame for what happened to otto warmbier? >> well, ashley, i certainly think that family believes they do, but rather than focus on what the obama administration failed to do, i just wish that

people would give the trump administration credit for what he did do. he was able, we're not sure exactly what pressure he put, but he was able to get this kid released brought back to the united states, at least, as tragic as this whole story is, it is heart-breaking, gut-wrenching, at least this young man died in the arms of his family, not in the arms of the savage, brutal north koreans. and they have donald trump to thank for that. they have thanked him for that. i wish more people give credit to the president for having intervened on a very personal note to get this young man back. ashley: very good point. another one for you, governor. georgia's special election is today. the race of course being closely-watched. president trump by the way tweeting this, quote, democrat john ossoff wants to raise your taxes to the highest level, weak on crime and security, doesn't even live in the district, unquote.

governor, is this race a referendum on president trump ultimately? >> i don't think so. there has been two special elections for congress since the trump administration took over. they both went republican. here's a couple of interesting facts about this special election. number one, if ossoff were to win, it gives california a new congressman because nine times more of his money has come from hollywood and silicon valley than has come from georgia. so it would be a california congressman in georgia. the second thing is, you know the most sought-after videotape today in america is the video of ossoff going to vote for himself. you know why they're never going to see it? because he is not going to be able to vote in this election. he doesn't live in the distribute. if he were to lose the election by one vote, can you imagine how shameful it would be that he lost because he couldn't vote for himself? lauren: governor, this is lauren simonetti. it will be a razor-thin result,

that's what we're expecting but there are 23, 23 gop-held house districts nationally right now where those districts voted for hillary clinton. so you don't think that this particular 6th district race in georgia has more sway? >> well i think if ossoff were to win and give that california congressman his opportunity, sure, it would be heralded that the democrats as a great turning of momentum. the republicans would try to spin it as no big deal. i get all of that, but i don't know that it really is the bellwether what the voters sentiment is, as much as it is the result of $40 million spent on a house race, the largest, by over $10 million in the history of america. you know, it is really somewhat, it is getting to the point of absurdity, when that much money is spent on congressional seat that pays $180,000 a year. you spend $40 million to get a

$180,000 paycheck. something is weird in that equation. ashley: they have deep pockets in california. governor mike huckabee great stuff as always. thanks for joining us. >> thanks, ashley. ashley: all right. amazon will soon open nearly one million square foot distribution hub right here in new york. is that right, lauren? lauren: the "new york post" says happening in my hometown, my hometown of staten island on the west shore. it will be a million square feet as you noted. here's the rub. staten island is separate from the city by bridges and the like. ashley: right. lauren: there's traffic. this is expected to be a hub to get first in new york state to get your stuff to queens and brooklyn. ashley: from? lauren: drone in the future, in some cases this makes sense. just prepare for those vehicles before the drones to sit in traffic. amazon trading above $1000 right now. ashley: lauren, thank you very much. happening next hour. two events. the president trump meeting with

president of ukraine. two, house speaker paul ryan delivering a important address on tax reform. the message? republicans get your act together now.

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the death threats that you received. can you believe that this whole incident, this tweet went out after the shooting of representative scalise? >> yeah. there were a number of tweets went out blaming republicans, blaming republican rhetoric. i think it is interesting who its coming from. they're trying to blame sarah palin for targeting members back in gabby giffords tragedy, when you really analyze this, it is coming from democratic politicians, people sossed to be leaders. i don't see republican politicians coming out in forceful way against democrats. we're talking about policy. we're talking about things that recharacterizing or mischaracterizing as negative. all kinds of things that are, our policy initiatives which are helpful to americans. to talk about free enterprise, and freedom and those types of issues. we talk about. they're talking about socialism. which i think if you want to talk about what is mean unfair to people, socialism is.

look at the examples around the world. i lived in the former yugoslavia which was a socialist, communist country. i have been back since now it's a market connie. there is a big difference with a mean government that is taking over peoples lives. we're giving people a chance to thrive. ashley: what about even scott pelley, cbs news? he made a comment essentially that scott, that representative scalise brought this on himself. can you believe that. >> no it is terrible. what is equally as bad as some of the democratic members, people who should be leaders in our communities is the media doing the same thing. the media having some kind of moral relativism, it is when a republican stands on policy. think again.

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♪ >> here we go, everyone. the markets down off session lows but oil a big drag on stock today.

we'll have more on that in a minute. certainly the dow just flat. we have two live events coming up as well. president trump meeting with national security adviser hr mcmaster this hour and vice president pence will deliver remarks at the manufacturing summit in washington, d.c. the big story there, house speaker paul ryan will follow up with a major speech on tax reform. and the need for it. and for the republicans to get on the same page. and check this out. researchers at johns hopkins say they believe they have unlocked the key to how cancer behaves and how to slow it down. this could be a breakthrough, and we have dr. mark siegel back with us. there could be some great, ground-breaking news on cancer. the third hour of "varney & company" starts right now. ♪ ♪ ashley: first, let's take a

look at the big board, we've been trading for a hour and a half and near record highs. the dow itself essentially flat but a different story when we take a look at the price of oil. down again big time this time to quote mr. trump, it's down big time. about 3%. dragging on the energy stocks, how low can oil go? with us now new york times best-selling author of american mojo lost and found peter keenan. peter, great to have you here. we're very lucky. let's talk about the stocks. we're a little flat now, but i think we just touched on another record earlier on in the session. every day is a record somewhere on the major markets. how long can this go on? >> well, i think until something -- bull markets don't die of old age. they die for a reason. and this economy is strong and the recovery is long, and that's driving continued growth in these companies and therefore in earnings and revenues, which makes the market go up. ashley: do you think these markets have totally taken out the possibility of what could come out of washington, and they're standing on their own

two feet and adding on fundamentals. >> i don't think it's priced into this year, but it's great to have some voices out of washington, including paul ryan today. ashley: right? >> but the market isn't looking for anything heroic. ashley: actions. not words. let's take a look at the tech stocks. my question to you, peter, is how much higher could the tech stocks go? because this is a sector, it has been a bit volatile recently. >> it has been very volatile. in fact, last week stuart asked what i think of amazon, it was down 94 points. i love amazon. i bought some, full disclosure, and i bought some more. but they didn't retreat more than three or four percent. and if you take a look at the tech draw down, it should be something like 15 or 16%. so if you're going to buy these stocks at these levels, do not buy unless you can comfortably live with down 15%

for a period of time. . charles: and to your point, there are a lot of people who own these feng stocks. they're natural buyers who wouldn't know facebook from amazon. but there are a lot of little old ladies in tennis shoes with these things. if you're going to buy it now, look for industrial rational. your patience will be rewarded. they're going to have phenomenal recording until the new iphone 8, it should sell something like 48 milliunits. but have a reason to buy because momentum is going up every day. because stocks do not go up every day. >> what about names outside that feng name? >> well, there are a lot of tech stocks i love, to your point, which are either feeters, for example, for the new iphone, and i think there's a bunch of sky works and some of these others advanced microdevices, and

they're up wonderfully so far this year, but they have had a retreat so far. but like they're going to be part of the new samsung 8 galaxy or part of the new iphone, then that's a reason to buy. ashley: you talked about amazon. i'm still trying to get my head around the whole whole foods purchase. is it for real estate or -- to me, it lies in the face of what we are seeing with brick and mortar stores. >> well, it's organic growth, no pun intended; right? the point is i think what they wanted to do was amazon was looking for ways to expand its footprint both into distribution centers and retail i would not look at this for amazon to sell more food. this is going to introduce them to a whole other types of retailing i would expect other types of retailer retailers to be acquired over time as part of this. what's exciting is that it

changes the game for anybody who is selling product to -- if you're selling product to whole foods, your world just expanded dramatically. ashley: exploded. >> so if you're a company that sells juice like honey drop, and they happen to sell product to whole foods, it's exploding for them in terms of the outlets. great for them. >> what about human worker jobs, though? >> bad for human worker jobs. >> yeah. the cashiers at whole foods? >> bad for human worker jobs. this is going to be delivered in a way that's much more electronic and bundled. ashley: you're right. there's always the component -- the human component. >> well, here's the interesting thing because i think it's a great question. one of the things that's happening is even as you're seeing 100,000 people lose retailing jobs since the trump election, what you're seeing companies like google and amazon saying, well, we need tens of thousands of people in distribution centers.

so there are new jobs that are getting created and this jobs are higher paying with better wages, salaries, and benefits. ashley: stay right there, peter. financial stocks down a bit today. our next guest says one reason that they have been up recently, though, is global stability. come on in, capital markets banking analyst. great to see you, as always. is there a lot of global stability out there? i think of italian banks not so great, but i guess that doesn't govern everything. >> it doesn't. if you go back over the last four or five weeks, there have been so much positive information about banks that it's almost impossible to list it all. there were four banking conferences in which dozens of banks spoke. you had the bill get passed in the house of representatives. you had a treasury report put

out by secretary mnuchin, which suggested major changes in the industry. you had the president nominate three people to run the fdic, the occ, and the bank supervisory part of the federal reserve. to reprice loans. you had long-term interest rates go down if you will to securities that they own. you know, you can go on and on. i mean, the three people who are appointees for the three agencies that i just mentioned are also the united states representatives on the committee and the committee right now is dead. there's not going to be any regulation coming from that. you're going to get a change in the liquidity ratio requirements. and if you think about it, i mean, jp morgan is sitting with $1 trillion in cash and securities. you've got companies that have 35% of its assets in cash. all of this stuff is happening

at the same time and basically it's giving you a really strong underping for where banks need to be in the next -- ashley: more money back on loans, so that's another plus. but i wanted to get your feedback on this: house speaker paul ryan making a major tax reform speech at the manufacturing summit in the next hour. you know, listen, i'm tired of all we're going to do this. we have to be on the same stage. we have to act now. we have to, we have to, we have to. i much rather see actions than words. but paul ryan clearly trying to rally the troops. what are your thoughts on that and the likelihood we do get tax reform by the end of the year? >> well, i worry about the deficit in the sense -- obviously, i'm a banker and a fiscal conservative; right? ashley: right? >> what i take a look at is $20 trillion in -- on the books debt and maybe another 20 to 40 trillion off the books debt. who's going to buy this debt;

right? there's buyers in united states. you have social security pension funds that buy debt, you have foreigners that buy debt, you have americans who buy debt, and the federal reserve that buys debt. the social security people are going to need money. they're not going to have access to money to buy debt. china the last couple of years have been getting rid of debt. americans don't want to buy u.s. debt. the yields are too low. and the federal reserve is going to go into competition with the government in terms of it's going to let its debt run off at a point in time where they should be supporting debt. so, you know, i think, obviously, i would love to see solid tax reform. but someone has got to step up and buy this debt, and i'm not sure who it is. ashley: all right. we're out of time. thank you so much. lots of good news happening at the same time. dick, thank you very much. i want to check oil. this is a story today.

a lot of downward pressure, close to 3% of 42.90. how low could oil go? do we drop into the 30s? we'll have to wait and see. of course, the big concern has been oversupply. we're swimming in it. gas, by the way, now averaging 2.28 nationwide. not bad as people hit the roads for the summer vacation. the cheapest state, south carolina, oklahoma at 1.99, alabama getting close to 2.02 cents. nothing close of that here in the northeast. next up, we to our nation's capitol. congressman mike kelly will join us, and i'm going to press him are the congressmen going to cancel their fall recess to get it done? come on, congressman. we'll be right back ♪

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trump: otto warmbier has just passed away. he spent a year and a half in north korea. a lot of bad things happened. but at least we got him home to be with his parents, where they were so happy to see him, even though he was in very tough condition, but just passed away a little while ago. it's a brutal regime. and we'll be able to handle it. ashley: president trump slamming north korea, after news of otto warmbier's death, the family praising the president's efforts to bring their son home, also the handling of his captivity. congressman mike kelly, of pennsylvania joins us now. congressman, thank you for taking the time out to speak with us. what are your feelings on the owe warmbier? could the obama administration

have done more to try to secure his release? >> well, obviously the obama administration could have done more. they didn't do more, but i think president obama's idea talk to people, you try to talk nicely, and you try to get them to understand. listen, these are folks that when you do something like that, you may consider it kindness, they consider it. it emboldens them. it gives them a point that you're just weak. what president trump spoke about the other day. when we lost otto, it wasn't just the warmbier family that lost a child. it was all of america that lost a child. we all should be outraged that this happened. we still have three hostages, in north korea right now. and the question is what are we waiting for? why did we allow this to happen? although we know that the korean warm never, truly ended. the north still fights it as a war. we keep acting as, well, do you know what? maybe we can get them to behave. they're never going to behave. it's just the nature of who they are. and i think you better understand who the heck your enemies are before you start saying maybe if we sat down and have a drink with them. i'm very upset with the way

the past administration handled it. as a father and grandfather with my heart goes out to the warmbiers, and i think we all know that we grieve with them right now. they are in our thoughts and prayers. ashley: all right. congressman, i want to change subjects. you're also a member of the tax writing committee and right now tax reform from house speaker paul ryan. what can you tell us? can republicans all get on the same page and get this thing done? >> well, listen, we're going to have to get on the same page and get it done. we've been asking for years to have the senate majority in the house and white house. it's going to have to be done in concert with the white house. i think the speaker's going to put forth today a plan of how we're going to handle it. there's just time for tax reform. america is looking for it, have to be able to compete globally. there's no sense to stay on the path we're on and thinking it's going to be all right. if we let it go. ashley, it is not. we have got to act quickly, firmly, and with resolve to put america back on pace to be the great country that it is and that the world looks to

for leadership. ashley: we are hearing, congressmen, that some republicans would like to cancel the august recess to get on the agenda, roll up the sleeves and do whatever it takes to get this done. is that realistically going to happen? >> you know what? that's a good question. i'm from the private sector, and i'm an automobile dealer. we never leave the lot as long as there's a customer there. the august recess is not about going to the beach or playing dodge ball. it's about getting back home with your constituents and working with them on a one to one basis. so i like the idea of a recess. but not when we have the laundry list of things that have to be done. tax reform, health care reform, and getting the infrastructure up and running. those are all pluses to the american people. this is not a republican agenda, by the way. this is a make american great again agenda. ashley: i love your energy, and i hope others are listening to you. thank you so much, mike kelly for joining us, get this thing done, and we appreciate it. >> pull down your helmet and

tighten your chin strap. time to go. ashley: time to go. i wish all lawmakers had that energy and desire and drive to get something done. >> i sure do. if i could comment for one second, all of uva mourns. it's just an awful thing, and there's a message in there for yourself, and i hope you remember it. you get to. as it relates to congress, i don't expect they're going to take the time. i think they're going to take the recess. i don't think they're going to take it. i'm a little frustrated about is i would like to ask the republican members of congress what's winning? is winning getting your particular little plan achieved, or getting a tax plan for the american people? ashley: yeah. >> enough. i thought that the problem was going to be other parties and other influences, not the -- we have met the enemy, and it

is us. ashley: very disappointing to this point. >> it is time for people to get the government they are paying for. ashley: wise words. all right. now this: dozens of flights, by the way, out of arizona international airport are being canceled. why? it's too hot to fly. look at these temperatures on your screen. i don't know if you can see them. but there's 211 down there. 122 in palm springs. and listen up, jimi hendrix fans. you can now listen to a new part dedicated to the legend. it's finally finished after years and years of delays. more varney after this

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ashley: all right. let's take a quick look at what's happening on wall street. we've been trading for nearly two hours and that's what you've got. flat. oil prices down as you can see nearly 3% of 42.93. we are swimming in the stuff, and it's having an impact on the price. president trump meeting with the ukrainian president. the president making some

comments about otto warmbier. let's listen in. trump: we've all been very much involved in and everybody's been reading about it. and we've had various discussions. it's going to continue throughout the day, and i think a lot of progress has been made, and it's a great honor to have you with us. thank you. [camera shutters]

[inaudible]. >> and when we launch the first piece of tax code, the peace from my nation and can support others. trump: thank you. it's an honor. thank you very much. trump: it's a disgrace what happened to otto.

it's a total disgrace what happened to otto. that should never, ever be allowed to happen. and frankly, if he were brought home sooner, i think the result would have been a lot different. he should have been brought home that same day. the result would have been a lot different. but what happened to otto is a disgrace, and i spoke to his family. his family is incredible, what they've gone through. but he should have been brought home a long time ago. thank you, all, very much. ashley: the president calling it a total disgrace to the young man who ultimately succumb to his injuries after being there for 18 months in north korea. and this. a russian fighter jet buzzing a u.s. jet. coming up, lieutenant colonel oliver north.

ashley: we are awaiting remarks from vice pence at the manufacturing summit.

there you see the empty podium, and we understand he'll be giving a major speech on tax reform after that. we are keeping an eye on that. let's check the big board for you. here are the dow 30, the heat map. the green means they're higher up, it's evenly split, and that's where the dow has been today. slightly lower, the dow still at 21,517. some of the big tech names we check every day, generally on the downside. facebook, microsoft, alphabet slash google and apple all lower today for amazon, yes, it's whole foods as well. up another buck 93 at 9.97. all right. i want to get back to the tensions rising in the east. u.s. forces just shooting down an iranian drone flying over southern syria. this comes after an american fighter jet took down a syrian plane that attacked u.s. -backed rebel fighters and now russia apparently flexing its military muscle again sending

a fighter jet buzzing past a u.s. air force plane in the baltic sea. coming within five feet. that's how close it was. let's go to lieutenant colonel oliver north. thank you for joining us, as always. we shoot down an assad jet, we shoot down an iranian drone. what's your sense going on with this? >> well, ashley, i think the russians are playing a very dangerous game in that part of the world and obviously for them because they have global commitments and forces. they can do it pretty much anywhere they want. they can do it in the baltic, they can do it in the arctic, they can do it in the mediterranean. but this is all about putin trying to at least show some muscle. he knows that he's desperately outnumbered. he would be a fool to attack the united states. but that doesn't mean somebody can't make a mistake. if you're flying a jet aircraft within five feet of a u.s. patrol aircraft, mistakes happen.

it would be a terrible mistake on his part to allow it to happen because he's vastly outnumbered by the u.s. military power literally around the globe. number two, bashar al-assad is essential to him right now because he's desperate to keep the bases. those are his two warm water bases. he has got to keep assad in power. so he's the one, or at least his military on the ground in syria control what happens to the syrian air force. the syrian air force attack a few days ago on the u.s. -- or near the u.s. base was shot down because it was a threat to u.s. personnel were out there advising the kurds and the free syrian army. what's ultimately going to happen out there, ashley, as i see it today, is rocka is going to fall and west of the euphrates river, they're going

to draw some kind of line with bashar al-assad or one of his adherents to the iranians because that's what they are. shi'ites have got to make sure that they have some kind of control out there. so it's a very complicated game. it's not the only place that the trump administration is being pressured. north korea is an example, the chinese, the russians, and of course the elephant in the room on all of this are the iranians. ashley: right. i want to go from the middle east battlefield to the streets of europe. the terror responsible on a daily basis. saying, yeah, this person was on the watch list. we saw this in the uk with the manchester bombing. the people are kind of on the radar. how do they slip through the cracks? >> well, same thing happens here. the folks who committed the atrocities in san bernardino were on a watch list at one point, and then they weren't. and the reality of it is we've got a whole lot fewer of them here than they do in europe

and the uk, france with literally anywhere else. tens of thousands of them, and you have at least several thousand who have gone to the battlefield, learned the techniques, the procedures, the bomb-building skills, and how to drive to mow people down on the street. i think what we've seen is the consequences of eight years of the obama administration telling everybody in the world don't worry about them, the jihadis are jv team. second, they are going to have a long-term problem, and they don't assimilate in large part because they don't want to. i look at the kinds of attacks happening in france, and why aren't they happening in germany where they have a whole lot more of these folks? and the answer is better intelligence, better policing, and probably a lot of prayer

on the part of angela merkel. ashley: right. listen, before you go, colonel, i just want to get a quick response on the owe warmbier dying after being sent home. very critical of the obama administration. could more have been done to help otto? >> well, of course. the obama administration did absolutely nothing about any of the american hostages. not just in north korea. remember, we still have five american hostages in iran. it's time for everybody to realize we're paying a terrible price and the warmbiers paid a terrible price for what the obama administration just didn't do. ashley: privilege as always, colonel. i want to get into this. the supreme court could rule on president trump's travel order by the end of this week. all rise. judge andrew napolitano is here.

judge, great to have you here. where does this thing go? i mean, ultimately, does it get struck down again? >> well, it's in an unusual procedural posture. first of all, the supreme court does not want to hear this because the next two weeks are its busiest weeks of the year. like a lot of lawyers, they save all their work until the last minute. i'm looking right at the camera in case anyone is watching. 14 to 15 cases to go. they're only releasing them on the following monday, and then they're off until the first monday in october. they're going to stop the writing of these cases tomorrow and decide whether or not to hear these two appeals from the fourth circuit in richmond, virginia from the ninth circuit in san francisco, california. both upheld the travel ban. neither of these cases has been tried before a judge and a jury. these are preliminary rulings

on the basis of arguments for the plaintiffs of the justice department. supreme court does not like to get involved in cases until there's a jury and a body of evidence. so the question is -- ashley: do they kick it back? >> they could kick it back or dislodge the injunction. the question is should the travel ban stay in place during the litigation over its constitutionality? if "yes" then nothing will change, and these cases will be tried in these courts, and it will take two and a half years. if "no," if the travel ban injunction is lifted and the ban is in place, you'll see very quick trials so the outcomes can be appealed. i can't predict which way -- ashley: but you're not sure. >> if you force me to guess, my guess is that the supreme court will not be involved, the travel ban will not be in effect during these litigations, the litigations will take two and a half years

it won't get back to the supreme court until the end of president trump's present term. ashley: i want to get your opinion on this. colorado considering a initiative that would ban smart phones for kids age 13 or younger. saying cell phones impair development and stunt social skills, and you say, judge? >> it is the job of the government to take care of this. i mean, who are they going to prosecute? 13-year-olds with a $500 fine? look, this is a job for parents and the way they raise children. i know my nieces and nephews, it's nearly impossible to get these out of their hands, but it's a matter of how the child is raised. the government cannot enforce this. you don't cops go after 13-year-olds. it would be a disaster. it's also part of the nanny ate where thgovernment think so -- ashley: it's going to use that -- >> better for children than what the parents do. ashley: what do you think, peter? you've got four kids. >> i have four kids who are past this stage.

but any time a congressman tells me they're concerned about someone's social skills, i worry. one of my daughters was texting with me one time and said i have to go. class just ended. she has me wrapped me around her finger, so -- >> but she's not 13. >> no. she's not 13 anymore. >> i gave my 20-month old my phone all the time. especially during dinner. so arrest me. >> don't go to colorado. ashley: judge, thank you. thank you, everyone. and this for you. california, guess what? elon musk says he's having promising conversations with los angeles mayor eri eric garcetti to ferry cars through the underground at speeds of over 120 miles per hour.

what about earthquakes? would that help with all the los angeles traffic? maybe if it becomes reality. and we mentioned this at the top of the hour. researchers at johns hopkins how cancer behaves and how to slow it down. could this be a major break through? sounds like it. the doctor is going to be along very soon [ crickets chirping ] [ light music playing ] you've wished upon it all year, and now it's finally here. the mercedes-benz summer event is back, with incredible offers on the mercedes-benz you've always longed for. but hurry, these shooting stars fly by fast. lease the c300 for $399 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing.

>> i'm nicole petallides with your fox business brief. the dow component, mcdonald's at an all-time high. and it's all on the premise of fresher burgers in the digital age. take a look at the stock right now. which is up 94 cents at 154 and change. but now they're introducing the potential new quarter pounder and you have to wait a little longer, but this is fresh beef. it will be hotter and juicier instead of 180 seconds, you have to wait 240 seconds. one that's more delicious than the other, perhaps. and take a look also at the drive through. in fact, now we are seeing that over at mcdonald's, the drive through rate is slower. 70% of revenue overall. put the $180 price target,

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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. ashley: we are still awaiting remarks from house speaker ryan, he is going to be giving we are told a major speech on tax reform. so keeping an eye on that for you. elon musk is having quote promising conversations, unquote with l.a. mayor eric

garcetti with his underground tunnel project. musk wants to build platforms that would ferry cards through the underground at speeds of 124 miles per hour. sounds good. let's see what salem radio talk show host think so about all of this. is this just california dreaming, larry? >> actually, my first question is real simple. is mr. musk going to pay for it with his own money this time? he's a very successful entrepreneur, as you know, he did a paypal and many other companies. but when it comes to tesla and spacex, he has gotten $4.9 billion, that's b as in bowdacious from you and me, taxpayers. so let's hope this time he's going to use his own dime. ashley: how long does it take for you to get to work, larry? >> for me, it takes about 25 minutes door-to-door, depending on the traffic, and it's very erratic in california. there's no question something needs to be done. when you talk to people in l.a. it is the number one

complaint traffic congestion. what should be done about it? we ought to have pricing so that when you have on the freeways at 5:00 in the afternoon, you pay more money and nobody wants to hear about that. but that's the finest way to deal with traffic problems. ashley: talking of money, let's talk about california's 125 billion-dollar budget. more low-income families are quantifying for subsidized child care under this new plan. your thoughts on that, larry. >> well, it's not my job if i have a child to command the government to help me pay for that child to raise a child. as far as i'm concerned if you don't have the money to feed, clothe, house, and educate a child, you ought not to have it. and by providing all of these incentives, you are allowing women to, in my opinion, mary the government and allowing them to abandon their financial and moral responsibility because a lot of those people will get these subsidies are single parents who, in my opinion, butt for the incentive that government gave them might have made more

responsible choices. james q wilson a professor said in order to avoid poverty you need to do three things, finish high school, don't have a kid before you're 20, and you won't be poor or need taxpayers to subsidize your lifestyle. ashley: yeah, of course and real life that happens all the time. i want to get to this one. two trump supporters arrested storming the stage at new york public theater controversial julius caesar play, they've been charged with trespassing and disorderly conduct? >> well, it should be. just because i supported trump wouldn't be subsidizing, doesn't mean i want pro trump people coming on stage and ruining the performance for everybody else. it's an outrage, but it's a new normal. a few years ago, al franken before he became senator body slammed a heckler, and he wasn't arrested. the police came, but he wasn't

arrested. the montana politician supporter pled guilty. but the point is this is our new normal and fortunately given donald trump and what many people are called the trump derangement syndrome. ashley: i can't imagine al body slamming anybody, but you say it. >> he did. he was a high school wrestler and said he used a maneuver on him and admitted that he body slammed the guy and the cops came and did not arrest or charge franken. go figure. ashley: don't upset al franken. that's the lesson. all right. larry, thank you so much as always. good luck in california. we appreciate it. peter, you're still here. i want to get back to the julius caesar play thing. brian kilmeade said basically the same thing. hey, look, i don't particularly like what they're doing, but i don't want people storming the stage.

>> well, if you peel back a little bit and look at it, the acton the stage are basically most living hand to mouth. this is the gig they got, and they didt write this play, they didn't direct this play, and so interrupting their livelihood seems wrong. and if you're taking someone's hard-earned money, and they want to watch a show, even if you totally disrespect it and don't like it, you shouldn't go to that show. but it doesn't give them the right to disrupt. >> we've created the opportunity and the acceptance of it's fine to be disrespectful and poke fun at the president and say what madonna said, i want to blow up the white house and do what kathy griffin did. ashley: we're running out of time, guys. you two can finish this after the broadcast. >> this, by the way, has big story. researchers believe they unlocked the key on how to slow down cancer.

major break through. we'll ask the doc. ♪

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ashley: this could be a major medical break through.

searchers at johns hopkins university s they have found a way to potentially stop the spread of cancer. dr. mark siegel is here to spell it out to us. that headline alone sounds very, very encouraging. what can you tell us? >> you know what they're doing at johns hopkins that no one has ever done before? they're building three dimensional models of tumors, and they're trying to figure out why cancer spreads. we always assumed, ashley, that it was size. that the tumor reached a certain size, and then it couldn't stay in one place and cells broke off. but they found at johns hopkins that it's more related to density. how dense the tumor is. after a while, it's very thick, it starts to send signals we want to spread. the signals it sends are proteins called interlukeins called 6 and 8. they're immune chemicals. but you know what's really good news? ashley: tell me. >> they discovered that these two can be blocked by two drugs that are already on the market.

and what i love about that is -- ashley: they're already on the market for what? >> well, one of them a big fancy word is used for rheumatoid arthritis. another one is already being used for cancer. they're already past the approval process and -- ashley: but they didn't know they had this impact of shutting down basically this signal that says that the cancer is so dense, it needs to sead. >> and i'll have to add to that, ashley. it's when cancer spreads that it kills people. if cancer would stay in one spot, you would live a lot longer. but when it spreads to the liver, to the bone, to the brain, that's when you -- that's when people -- ashley: but there are different types of cancers. >> absolutely. ashley: but this break through works on all cancers. >> yeah. all of the major cancers that are meta ecstatic. but we're still entering human trials with those. everything that just described right now worked in myself. it cut down dramatically on myself.

ashley: based on previous tests, will that work on humans? >> most of the time, yes. but what we don't know is to what extent it will work in humans. i want to emphasize a key piece here. already on the market means millions and millions of dollars saved. ashley: already saved. >> and they could be fast tracked because all the fda has to do is change their use. you know, here's a new indication. ashley: right. exciting stuff, doc. stay on it. i'm sure we'll be talking about it more but fascinating. all right. we have more varney after this

. .

ashe we get prepared to hand it over to neil cavuto. we've been in the same range since we began trading 2 1/2 hours ago.

oil is moving lower. that certainly hit the energy sector. casting a cloud more than anything else. oil is down almost 3%. the question how low can it go? we're waitings to hear from the manufacturing summit in washington, d.c. mike pence and house speaker paul ryan will be coming up. neil cavuto. take it away. neil: ashley, thank you very much. we have snippets what the house speaker will be discussing when it comes to tax reform. he will tell manufacturers don't give up the fight. we haven't give up the fight. tax reform is still on the agenda. what is most interesting, an item buried in early releases what we're getting of mr. ryan's planned remarks, talking about tax reform. he says these reforms, these tax cuts, theyeed to be permanent. every expert agree temporary reforms will have only negligible impact on wages and economic growth. also negligible. businesses need to have confidence that we will not pull