tv Varney Company FOX Business June 21, 2017 9:00am-12:01pm EDT
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service names. fourty dollars a barrel long-term. kevin: debt covered ratios, it's a cash flow situation. maria: thank you so much. we will see you tomorrow. stuart, take it away. stuart: i shall, indeed, maria. thank you very much. he spent big, he was backed by nancy pelosi, she spent less. she was backed by president trump, she won. trump won, pelosi lost. good morning, everyone. first day of summer. welcome to the show. big developments in politics and money. we will start with this. karen handel beat jon ossoff in georgia election. big blow for democrats who are bitterly divided. they thought that heavy spending would bring a big win, it backfired. instead of referendum on the president, the republicans made nancy pelosi coastal elites and hollywood money the big issues. the president tweeted, democrats
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will do much better as a party if they got together with republicans on health care, tax cuts, security, obstruction doesn't work. the president hopes the georgia election result will help push through his growth agenda. another very big story, uber chief executive is out, he's stepping aside, he's gone, he's resigned. that means one of the most disruptive of all new companies has little top leadership left in place and their sky high valuation is very much at risk. wednesday morning, varney & company is about to begin. ♪ ♪ ♪ stuart: i'm sorry, folks, i forgot what day it was. we begin with no joke, travis
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kalanick is out. this is a huge company and it's leaderless. >> i think this is a shocking development. he was after all taking to take a leave of absence to let things calm down. there's been a number of missteps at the companies. some scandals have erupted but it's pretty rare for a group of investors who forced out a ceo who has after all created a 70 billion $company. there are some things to be looking at, the sales momentum has slowed in the u.s. stuart: do we know that? >> yes. there's enough data, it's still huge but down from last year. lyft is still only one ninth the size of uber but still becoming a fast-growing competitor. remember, there was this hashtag effort to get people to delete
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uber in opposition with them having cooperated with president trump and showing up at technology summit and things that sort of suggest that the company is losing steam a little bit. when investors throw out the ceo, it's all about money. stuart: it's the money that did it because it was five investors who are on the board, i believe, that wrote a letter, hey, you to go. travis kalanick spoke to one of them and after that he resigned. it's money as oppose to behavior and culture of the company. >> that's not so unusual at silicon valley. we have a lot of disruptor companies that are run by disruptor people. in terms of cheating with apple which is not a company to get on the wrong side, when after all it's your app that is so important to your business. i think it's just all kind of comes down to the fact that this guy was not the right person that was leading the company to the next level now, but i would
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guaranty you he might be back at some point. stuart: you think? >> well, look, it happened to steve jobs, came back. stuart: his successor didn't do a great job at apple, bring back the original guy. >> that's right. you don't know. there's really no leader there right now as you point out. stuart: wednesday morning, that's what it is. wednesday. how about the price of oil in the news recently. 43.60, up 9 cents. we have an oversupply problem. by the way, the latest read on how much supply we've got, 90 minutes from now and there's this. saudis, king salman has named son as country new crown prince. he's the next king, he's 31 year's old and by the way he's a reformer, that's important. price of gasoline, let's get to that.
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again, i've got a forecast that's going to come a lot more than that. there's one state. liz: are you going drive there to get that gas? stuart: here is where i'm driving? oklahoma. a dollar 60. [laughter] stuart: you can't afford not to go. ashley: that's true. stuart: one of our viewers sent us this where the price of regular was, 1.79. on my way, sir. i'm going call a win for president trump and gop in special selection, karen handel beat jon ossoff.
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democrats would do much better if they got together with republicans on health care, obstruction doesn't work. now, why -- what did the democrats do wrong in the georgia election? >> nearly everything. first of all, let's start with the candidate. most campaigns come to candidate. the candidate a 30-year-old former congressional aide documentary film maker. tell me why that appears to georgia voter. he doesn't even live in the district. he's really not someone who has worked through politics and seemed out of touch with the local issues. am i going on too long? [laughter] stuart: nice young man. so moderate. >> truly and empty suit in my view. no history whatsoever. liz: it's amazing how much money the democrats poured into the race, thinking it's a signal race for the midterms, what, what a fiasco?
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ashley: california lost. >> that worked against him because local voters said we don't want hollywood people deciding who is going to run -- >> he doesn't even live in the district. >> all he had was opposing donald trump. after kind of coming out very harshly against donald trump in the beginning he went centrist. no real issues that he wanted to tackle because he had to go after gop voters. but guess what, in 2018 there's going to be a lot of districts where democrats to win back seats will have to turn people who voted for trump long-time republicans and independent, they need a message and by the way, that's what came out of last year's election. no message. stuart: went up for nancy pelosi, he must be saying, told you so. >> i would agree. liz: that's the problem with dc, it's not gridlock, it's incumbency.
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they need new leadership. [laughter] stuart: let's do -- deal with the tariff situation. there's an explosion there. it is being treated as terror attack. police shot a suspect that had been wearing vest. we see this almost on a daily basis in europe, but not here in america, why not here? >> a numbers of immigrants and refugees that have come into europe over the past several years compared to the ones that came in the country. when the manchester bombing occurred a few weeks ago british law enforcement officials were asked the question, why didn't you pay more attention to him, why did you allow this to happen and their response was interesting, look, we track roughly 3,000 jihadi's in the united kingdom already which is
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overwhelming our capacity, we estimate the total number of jihadi's in britain to be 23,000, so they're not even coming close to -- to appreciating the full range of the threat and i think that's why we can expect over the summer the travel season, obviously a lot of tourists in europe that the risk of additional terrorist attacks will go up. i think it's only a matter of time before it comes here unless we get a grip on this. stuart: okay. i have to ask you about the shake-up in saudi arabia. the king has replaced his nephew with 31-year-old son to be next king, 31 year's old, king for decades, what's the significance of this? i believe he's a reformer i believe, embassador? >> reformer comes because of your story of 40 to 50-dollar-barrel. this is extremely disruptive in the context of saudi arabia.
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it's a very complex world family, the inheritance of the thrown, distribution of other benefits has been complex for decades. i'm not at all sure we have seen the end of the story specially as we see the saudis leading not only a coalition to deal with the iranian terrorist, the nuclear weapon's threat but in a confrontation with qatar right now over the funding of islamic terrorist things are very complicated in the region and that's potentially quite dangerous for the united states. stuart: thanks heaven for american frackers. >> thank you, stuart. stuart: pretty flat, all three indicators barely flat for the opening bell which is 20 minutes from now. we have new details on the deadly tesla auto pilot crash. a government investigation finding that the car warned the driver, the car warned the
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driver seven times, put your hands on the wheel, that warning came seven times before the crash. rough ride the passengers on board united airlines flight from panamá city to houston texas hit by severe turbulence off the coast of cancún. the plane landed safely. ten people were injured. violent political protest by the far left, trump supporters attack, free speech shutdown. now an author wants these groups classified as domestic terrorists. he's going to make his case after this [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.
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as we discussed on the program frequently, evergreen state college in washington state is being under siege by left-wing protestors known as antifa. our next guest says that it should be lifted as a domestic terror group. joining us the no campers for white men scott grier. let's deal with this antifa, antifascist, i believe. is it umbrella group with others underneath it? >> a loosely connected group. most people don't reveal identities. they always wear masks when they go to demonstrations and protests, this is a group that in many ways very secretive. there's not a lot of information to know about them. all we know whenever there's an incident or trump rally or anything like that, they show up and try to use violence to disrupt it or shut it down. this isn't like a hierarchical
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group, they put on black masks and show up and try to commit violence to shut down events. stuart: if they're a loose group, it's awfully hard to brand them as a terrorist group and do something about it, isn't it? >> not quite because one of the things is that there are connected on the internet. mostly there are several websites dedicate toward spreading news and most promote violence. it's a very different kind of organization from some like we see with islamic extremists. stuart: hold on a second, scott. if they're online and promoting violence, this group, surely they're inciting awry yacht or inciting violence or you don't need to declare them a terrorist group to go after them, do you? >> yeah, sure, you can also look at individual cases where they said, look at this event, let's disrupt it and let's beat up
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people there and send it out and law enforcement can look at that. so far law enforcement really hasn't done much in that regard. there's riots a few months back at berkeley which was promoted by and yet to be a single arrest there. it's up to law enforcement to take the extra measures to shut down this group which is running a muck all over the country and it's not being stopped so far. stuart: are they gaining strength, are they? >> i see they are gaining strength. they pop up in events like evergreen or parades that has republicans in it. one of the worst examples of their terrorist intimidation is in portland they were going to have a parade there in april and they manage today shut it down because they heard republicans were going to be there and they threatened to drag and beat any republican who was in the parade and they manage today shut down the parade that was nothing political about it, it was a
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local community parade and they shut it down. they are gaining strength and there's little to show that they're losing any of their momentum. stuart: okay, scott greer, thank you for joining us, see you soon, thank you. amazon it really does dominate online shopping. it has a strong foot hole in cloud computing and made a big move grocery stores with the purchase of whole foods. is amazon becoming monoop olistic, time -- monopolistic, is it time to break them up? we will ask judge andrew napolitano next.
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the price of gold when we have the international tension. we don't have any inflation, that's why probably why gold is down, 80 cents at 12.42. with amazon's purchase of whole foods, there's some people asking that amazon is a monopoly or acting monopolistic. who better to ask than judge andrew napolitano. the old laws written a century ago, they don't seem to apply to
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the modern gigantic companies like amazon which really have an extraordinary amount of power, so should we update the antitrust rules and take amazon apart? >> most people would say no to updating the law but what needs to be examined is the way the law is being interpreted. so there are three ways that the courts have used to decide whether or not a company is a monopoly, one is market share. difficult with amazon because there are so many different markets. the second is, does the allege monopolist control the means of manufacturing, the means of acquiring the goods that it sales. third, and this is the one that judges have frequently used in the post reagan era which resulted in less judicial interference, has it affected prices, so the general rule is when prices go down, we don't care about market share because
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the consumer benefits. so jeff bezos lowers the price of lettuce is it doing because he wants them to have -- hypothetical, because he wants to sell more lettuce or wants to put lettuce sellers out of business who can't possibly afford to sell it at that price. that could be a judicial inquiry and depending upon his motivation determine whether or not they're going to go after him. stuart: there are grounds to go after him. >> there are, add to go this the president has not filled the seats on the federal trade commission which theoretically has to approve this acquisition. stuart: i'm sorry to keep interrupting you. good to be back. [laughter] in the late 90's and early part of this century, google had a clear monopolistic position, but the obama administration took no action against google, perhaps because chairman eric
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schmit ran president president obama's operation in election. >> it doesn't cost us anything, i suppose we pay by higher prices. stuart: it kicked competitors out. >> yes, it did. you should one of these theories then market share, not prices, market share, the justice department could intervene. so you're probably not going to have an aggressive justice department under jeff sessions in this area, if you did, they would have to persuade the court which is way to look at it. market share control of the industry around it or the prices. stuart: of course, jeff bezos own it is washington post which is the principal vehicle of content of president trump. it's qiez easy to see the president, you know, jeff, i hope that you have an --
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again, this is an amazon story of sorts. fedex is doing well, not the stock but doing well because of online shopping. that's the amazon store. 15% gain. [laughter] stuart: carmax, where are we, 5%. 62. thisthis is the amazon story of the day. amazon prime wardrobe let's you try on clothe before you pay for it. this isn't new, is it? >> if you don't like it, you return it.
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liz: watch what the chicago fed president said, he said there's possibly no more interest rates hike, why? because of amazon effect, buying whole foods and keeping consumer prices down. there's virtually no inflation. they can't hit the 2% inflation target so there's a real serious debate about amazon effect, amazon effect on interest rates. the market continues to go up and they're not going to raise rates. stuart: this is fascinating. the -- that's going to gain some strength. there's no way around it. parent of tjmaxx, sales up for
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33 straight quarters, sales up, annual sales exceed nordstrom and penny combine and the market value seven times that of macy's. [laughter] stuart: what is tjmaxx doing right? >> you may see a theme developing here becausely call this another amazon effect. what does tjmaxx is blow out merchanted ice that other stores can't sell. there's tons of merchandise. liz: tjmaxx picks up invent other and sells it very cheaply. women like to shop for discount and when they find it, bingo. stuart: whatever you say. >> the company executes beautifully but stock is still
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in the tank. stuart: thank you. both of you wednesday morning. then we have boeing getting ready to test fly self-flying planes. no pilots needed. nothing can go wrong will go wrong. senate republicans say they will unveil health care bill tomorrow. we are going to capitol hill on that, and that's next
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stuart: 13 minutes into the trading session. pretty much a flat market. we are up 6 in the dow. goldman says nike will start selling directly on amazon. the market likes it, amazon is up. nike is up. look at foot locker, three-year low, that's the price range there. three-year low, tell me what's going on with foot locker. >> here you go. looks like amazon and nike are talking according to goldman
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sachs, stuart, about establishing a direct relationship for nike to sell its products directly through amazon. you also have shares of dick's sporting goods down 4% i last checked because of, again, nike doing business and the tremendous exposure obviously amazon has in the online retail space, stuart. stuart: thank you very much, indeed. that was another amazon story. boeing, they are going to start testing self-flying planes. >> here is what is going on, boeing vice president of product development, here is the future, you will need 41,000 commercial jet planes more than you have today. you will see hundreds of thousands more pilots, that's going to hit the bottom line. now he's saying, we are going to build robot planes and your going to see that in the next couple of decades.
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already you see takeoff crews and landing, that's done with human interaction and now we see air bust developing self-flying cars, that could be flying taxis, this is coming within decades, robot planes, robot taxis flying in the air. stuart: are you going to be in one of them? liz: no. stuart: we are told, we should expect a health care bill before july the fourth holiday specifically we might get it on thursday of this week, that would be tomorrow. joining us louisiana republican senator john kennedy. are we going to get to see this bill as its presented to the senate tomorrow, senator? >> yes, i think so. i certainly hope so. stuart: do you know what's in it? >> i have a pretty good idea. i didn't -- can't do that. good try, though. stuart: how about medicaid deal.
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can you tell us anything about that? complees compromise on medicare? >> we spend a lot of time on preexisting conditions and how to cover. we spend a lot of time on affordability, we spend a lot of time on how to fix medicaid, there's no question that the system is broken. it costs too much. if you're on medicaid, go try to get appointments with a specialists, you can't do it. we spent a lot of time. stuart: wouldn't bring it out unless he thought i'm pretty sure i have the votes, do you think he has the votes? >> yeah, i would hate to play
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poker with mitch because he has no tales. you can't read. it would be close simply because we have 42 republicans and the democrats from day one say we don't care what you put out there, we are going to oppose. you start with 52. that automatically makes it close. stuart: how about working through august recess? >> i'm ready. stuart: how about senate colleagues? >> i'm ready to work through fourth of july, i'm ready to work through august, that's what i came up here for. sure, i miss louisiana. i said i would never move to washington, but i'm ready to work -- i'm ready to work seven days a week and you know what, i think if you ask most members of the senate, they would say they would agree. stuart: today is the first day of summer. i believe it starts the
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hurricane season. >> it does. stuart: don't you have a plan that you're going to put out there about flood insurance, can you tell us briefly what that's all about? >> our flood insurance program which covers people nationally expires in september. we put together a bill bipartisan, cork rin, marco rubio, elizabeth warren, bob menendez and as many republicans and democrats to reauthorize for six years, control the costs and emphasize mitigation, preventive measures as oppose to just waiting until we flood and asking taxpayers to pay a lot. it's a good bill. stuart: okay, senator kennedy, thank you very much as always finish joining us. you have the unique ability to say what you've got to say in 20 seconds. that's pretty good i have to say. that's why you're such a frequent guest w. >> thanks for having me. [laughter] stuart: okay. check that big board.
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not much changed. we are down 1 and a quarter points. that's it. 1 point. okay. dead flat. [laughter] stuart: big night for president trump, that's my opinion heading to cedar rapids, iowa today, i repeat that's cedar rapids, iowa today, he's holding a big great america again rally tonight. more varney after this. dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free.
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stuart: lazyboy, better profits, better sales, 30 bucks a share on lazyboy. i want to get back to the georgia special election. big win for president trump and the gop in the georgia sixth congressional district. joining us right now is jody heist who represents tenth district. does this bring the gop together to some degree? >> well, certainly another step in that direction. >> certainly another step in that direction.
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and a great win. this is a huge step forward. maybe i'm exaggerating, a new start for president trump is having extraordinary political difficulties and now his guy, karen handel wins against the expectations, new start from the president? >> i think the president had the pedal to the metal the entire time and that's going to continue the momentum perhaps in a more unhinder more than and i certainly hopeful. it's 0-4 for the democrats. they have been doing everything they can to slow down, to
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obstruct and interfere with the agenda of this president. this is yet again another huge rejection of the american people of the democrat party. they continue to go to the left, to the left and the more they do so, they are becoming more erratically irrelevant and it's going the pave the path to the move forward. stuart: does it bring the relationship party together here? that's the key point. >> time will tell. stuart: it's more likely to go through this year, health care reform, tax reform because of last night's election? >> well, i don't know how much last night's election will do. those things were already pushing for on health care. we've done our job in the senate, we anticipate it coming back. we are going to drive down premium costs. i just left a meeting dealing with tax reform. we are committed to getting that across the finish line.
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stuart: is the border tax gone, sir? is it gone? >> i believe it is. i absolutely believe the border tax is gone. of course, that's going to be debated out but i don't see any way passing. stuart: thanks for joining us, sir. yes, sir. thank you. appreciate it. queen elizabeth husband prince philip has been hospitalized. how old is he? >> he's 96 years young. he has infection of preexisting condition. he's retiring from royal duties but very quickly, he seems healthy and exercising, drinking moderately but the way still fits in the uniform the day he married the queen. stuart: that's extraordinary. huge loss for democrats, huge loss on hollywood. my take on that, coming back at the top of the hour.
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terrible news for hollywood. their guy in the georgia special election was beaten. okay, now what? division. the blame game started. far left making most noise. candidate jon ossoff shifted his campaign to the center big mistake, says the bernie sanders, elizabeth warren wing of the party. then there is morale. this georgia election was a big let-down. democrats thought they could win this one. they thought it would be a springboard winning back the house next year, but they lost. now they're divided, and "the new york times" says they are demoralized. they spent the most in the most expensive house election ever, yes they lost. lessons? number one, the old guard democrat leadership is not popular, has nothing to offer but obstruction. no new policies, just resist, all things trump. nancy pelosi, classic coastal elite, was the big loser in the
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georgia election. second, hollywood celebrities can not buy political clout, no matter how much they spend. americans don't like being told how to vote by multimillionaire liberals. third, don't trust the polls. president trump's approval level dropped below 40%, disapproval, above 60%, yet the candidate he supported in georgia, karen handel, won. last one. maybe this special election mark as turning point for the trump presidency. it has beaten off jon ossoff's challenge. the republicans are now 4-0 in special elections, action imminent on health care and taxes. georgia win gives trump some momentum. it is up to the republican to show it can seize the momentum and get things done. the second hour of "varney & company" is about to begin. ♪
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stuart: well, we are awaiting the house gop's leadership weekly news conference. we'll take you there live when it begins. let's get latest numbers, this is very important number for realtors, the real estate industry. existing home sales? ashley: feverishly going through the numbers, stu, coming in 5.62 million on annualized basis which is actually pretty good. it is better than the estimate. up 1.1% from last month, up nearly 3% from a year ago. despite very tight supply. there are not many homes on the market. prices are rising. median sales price in may was 252,800. that is the highest ever on record. stuart: median price. half above it, half below it. ashley: correct. highest on record. it shows a pretty solid market when you have increase in sales despite the prices and tight supply. stuart: no difference to the overall market. homebuilders doing well on that news.
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check out the big board. we're virtually flat, down six points. don't forget big-name technology companies. they're all the rage. that is where all money is going. let's have to look at them. earlier every single one was up. they're up except for apple, down all of two cents at 144. oil, 43 bucks a barrel. virtually flat. up 10 cents. all you have got there. here is a huge story breaking today. uber's ceo travis kalanick, that gentleman right there, he's out. tracee carrasco is with us. lyft, catching up with market share. reporter: they have stayed out the spotlight which helped them. consumer favorability for uber is all-time low. people using other services like lyft, juno other ride hailing
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apps. lyft there is significant increase, 70% of difference for the app between uber lyft. last year got to 125%. stuart: got to the corporate culture to uber was not acceptable, money guys, they step in look this ain't working folks. liz: who will take over? 10 top executives have left. they don't have a cfo, chief operating officer. a lot of people have left. ashley: a lot of talent in silicon valley. stuart: we're right in saying that company, uber is pretty much leadless at this particular point. >> they have no ceo. no cfo. two board members. they have got to fill those positions. stuart: is is tough. most disruptive company since amazon. got to get amazon in. tracee, thank you very much. thank you. breaking news. the fbi is holding a news
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conference on the investigation of last week's shooting of congressman steve scalise. what has been said so far, ashley? ashley: looking a at some headlines. the shoot are in this case they say acted a alone. they say there is no link to terrorism. they're investigating this as an assault on member of congress and assault on federal officer. the shooter not having a history of mental illness either. stuart: that's interesting. okay. anger management issues, is that the word of the today? ashley: i think that is the word of the day. clearly had those. liz: clearly. stuart: thanks, ash. other big story of course is the georgia special election. president trump tweeted this earlier this morning. democrats would do much better as a party to get together with republicans on health care, tax cuts, security. obstruction doesn't work. joining me now congressman steve king, republican from iowa. the president's visiting your state later on today i believe, right, congressman? >> he is.
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he will be in cedar rapids later on to tour kirkwood college. look at agriculture innovation. he will do a rally later tonight cedar rapids, second largest city in iowa. iowa is where his presidential campaign got its start. many values i will say injected in that campaign made it all the way to the oval office. stuart: will he pull out north big crowd in iowa? >> i think it will be a big crowd. i don't think it will be rocking as much as intensity of campaign but it will be a big crowd. iowa supported donald trump in a big way. we you knew iowa would go very early on in the race, even though iowa hasn't consistently elected republicans. and 2004 and 1984, that is republican won the presidency in iowa. stuart: what do you think the democrats did wrong in the special election in georgia? here is your chance to go at opposition tell them what they did wrong. go, sir.
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>> i'm a kind and gentle guy. they made the election about referendum on donald trump. stuart: yeah. >> a referendum on republicans in the united states congress. they, now they're changing their tune this morning or late last night to begin to change their tune. but it is this, georgia, south carolina, stepped up and and -- defended donald trump's agenda. they will he reflect those values, planks in the platform, republican platform. i think it solidified things a lot last night. we're 4-0 on special elections because of cabinet elections. there is a trump agenda, trump mandate. it is slowed down by the resistance and obstructionist and american people are running out of patience with resistance. stuart: thanks very much for joining us, sir. sorry to cut it short. we have a huge business today you have no doubt seen. thanks for being with us. >> thank you, stuart. stuart: yes, sir. back to my editorial at the top
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of the hour. hollywood threw a lot of effort into the georgia election and ton of money and this. actress alyssa milano drove voters to the polls, urged them to vote democrat. this from comedian sarah silverman, show handel where she can stuff her bigotry. #voteossoff. in the end democrats lost. joining me, katie pavlov, fox news contributor. democrats lost. >> yes they did. stuart: do you think this is springboard for the president and hess agenda, more importantly for the republicans to end their division and get it done in congress? >> well, first i think it is important to point out if republicans had lost this district it would have been a big deal. but they won, which means this was not a referendum on president trump. in fact it was a bolstering of his agenda. karen handel said that last night. rnc of course is pushing that out today. in terms of money here,
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important to talk about the number of donations came from outside groups for jon ossoff. 8,000 people, donations came from california for him. only 750 came from inside of georgia. so, democrats have this problem where they think that bringing in people like sarah silverman, who had the same lazy, boring, old arguments of bigotry rather than how am i going to get my family a job, they bring them in, accuse the opponents of being bigots, being racists, which ultimately accusing anybody who thinks about supporting the candidate of the same. that is offensive to voters. they're quite frankly very sick of it. stuart: what about those middle of the road democrats? there are some still left. they used to be called blue dog democrats. >> yep. stuart: they are still around. where us did this election result leave them? >> this is one thing very interesting in terms of what democrats haven't been able to figure out. you see the dnc going very far left. by the way they had their worst
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fund-raising month since 2003 in may of 2017. and they're not realizing or accepting the fact that a lot of democrats supported donald trump. instead of looking at that and saying, why is it that so many people cross the aisle to vote for him? what was he offering that was appealing to those middle of the road democrats, they're instead going very far left. and so, i don't know what they're going to do about it, but they have to come up with better candidates, better message and real solution to people's problems. stuart: were you surprised by that election result last night? looks to me like karen handel won by six points, just about six points. >> right. stuart: that was bigger than expected. i was surprised by the margin of victory. how about you? >> i actually was not surprised at all by the margin of victory. we heard during the 2016 campaign that hillary clinton maybe was going to win georgia. that ended up, absolute ridiculous prediction. this district, georgia 6 has been in republican hands for 44
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years, newt gingrich, tom price, karen handel. based on those numbers alone i wasn't surprised it stayed red. stuart: katie, thank you for joining us as ever. thank you. >> have a good one. stuart: by the way, we had news at top of the hour, 5.6 million existing homes sold. no impact on the overall stock market. we're still down 15 points. now this, get back to the graphic we showed you, a man shoplifting dvds at texas walmart. the surprise when he was arrested by batman. the fort worth police officer was dressed for a kids fair over the weekend when called to duty. the shot lifter was coincidental ly attempting to steel lego batman. liz: can't make it up. stuart: train station in brussels, belgium, being treated as a terror attack. we can't go two days without hearing that kind of event in europe. why not here in america? we're asking that question all day long.
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for itself. he says during the course of the obama administration we had no higher priority than securing the release of americans detained overseas. their tireless efforts resulted in at least 10 americans from north korean custody. it is painful that mr. warmbier was not among them. but our efforts on his behalf never ceased. stuart: he had been criticized, the previous administration, the obama team had been criticized by otto warmbier's father. ashley: correct. stuart: maybe not done enough to get him out. ashley: yes. was told to keep quiet. stuart: okay. thanks, ash. ashley: yeah. stuart: let's talk about the terror attack tuesday. explosion at a train station in brussels. it is being treated formally as a terror attack of the suspect was wearing an explosive belt. he was shot by police officers. he shouted "allahu akbar!" joining us is former cia officer mike baker. almost a daily attack in europe of some sort. why not here?
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>> that's a good question. first of all full marks to those who decided to treat it like terrorist attack. wearing explosive belt, shouting "allahu akbar!," we'll treat thises is terrorist attack. that is a smart move. it was botched terrorist attack. why not here on frequency, level of violence we're seeing? it may not be popular to say but, in part, perhaps it is because europe is dealing with larger disaffected muslim communities, and in part because of just the level of migration over the years. i'm not talking about the past year or two in the headlines. i'm talking about since the '60s, when it started to really build up and they have had this policy for all this time. we talked about it before, the idea that you don't have to a simulate in a sense. it was never promoted. it never was pushed. it wasn't a key concept of the immigration policies for these countries. so they created these
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disaffected disconnectedded communities and it's coming home to roost now i would argue and we don't necessarily have that same problem here in the u.s. stuart: i'm looking at some major cities in europe, brussels, for example. don't they have a muslim population approaching, 15, 16% of the brussels population? in paris, if you look at greater paris out look included, 16, 17% muslim? >> you're climbing up towards 20%. paris is obviously largest of communities there. brussels very significant as you point out. london, obviously extremely significant. that would be fine, everything would be all well and good if you had communities came in, coming to germany, they were german first because this is their new adopted home or they were british first. that hasn't been the case. again that is a broad brush statement. obviously it is for a lot of them. for some it hasn't been. that is where the problem resides.
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they don't feel invested in system. they don't see hope. at end of the day how do you stop this, how do you prevent attack such as brussels, an individual? i guarranty i don't believe that individual prepared the explosive belt by himself. there are contacts currently brussels authorities are looking at, but you can't stop those sort of attacks completely. so it is very frustrating. stuart: at this moment, europe, if i say, europe is terrorized, i'm probably going too far but there is certainly a grave level of anxiety on people on the street but you don't get quite the same thing in america. >> you don't get quite the same thing here. i wouldn't use the word communities are terrorized. i wouldn't use that phrase in london, london is under siege. no they're not. london has seen worse, they know that they will be fine and very resilient. they're working, security services intel services are working i keep looking for bright side.
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every time you talk people are depressed! i'm trying to find a bright side here, that is the security services over in the eu, the uk, here in the u.s. they know how to combat this. it has to be done on many levels, community outreach, operational surveillance monitor having to work in concert with the laws and they know how to do it but it is almost impossible lift stopping everyone of these types of attacks. people have to understand, doesn't mean we live with it or accept it but pragmatic to understand it. stuart: thank you, mike baker. coming up illinois about to fall into what could be a real financial meltdown. it has a backlog of bills worth 13 billion unpaid, they don't have the money to pay it. we're all over this story.
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stuart: nike will sell products directly on amazon. nike is up, amazon is up. foot locker a competitor of nike. they're not in good shape if nike has access to amount son. foot looker down 5 1/2%. it is all about amazon, isn't it. illinois facing a full-fledged budget crisis. if they don't get a budget a week away they won't be able to pay lotto winners. that is pretty bad, emac. liz: officials say we're like a banana republic. we haven't passed a budget in three years. comptroller says we have to pay debts ahead of other debts than pensions. powerball, megamillions may go away by june 30th. this state has lost more residents than any other state. 700,000 people left illinois last 10 years. now they're talking about tax
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hikes again to fix the problem. stuart: last night governor rauner agreed to tax hikes as a way to finance this massive budget deficit. that will drive more people away. liz: looking at puerto rico-style bankruptcy. puerto rico is going bankrupt. this state is bankrupt. stuart: say it is insolvent. a state can not theoretically declare bankruptcies. liz: that he can do a type of bankruptcy, chapter 9. they owe $260 billion in pension and state retiree worker health care benefits. stuart: that is quarter of a trillion. they haven't got it. moving on. newest lamborghini unveiled today. $450,000. it goes up to 217 miles an hour. ashley: wow. stuart: gary gastelu is testing it out. we'll show it to you. first senate majority leader mitch mcconnell says he will unveil the senate health bill tomorrow. so far it is very secretive.
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senator john barrasso joins us very shortly. has he seen it? we'll find out. ♪ [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.
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sold. that is annualized basis. that is strong. the average, median price i should say, up to $252,000. that has not affected the stock market. now, we're about to get numbers on oil. how much of it we've got in storage and how much gasoline we've got in storage. how much are we using. very important numbers. you make a difference. what have we to the, liz? liz: deeper drop than expected. 2.54 million in decline amount in storage. oil ticking higher on the news. it is pushing higher into the green. despite the fact that libya is pumping at a four-year high. u.s. rig count at two-year high. oil sticking around 44. bank of america says it could go to 30. stuart: let's not forget that. we're using a lot of it, therefore the price up a bit at 44. i'm interested in these numbers what they tell us about gasoline, how much do we have in storage, how much are we using, demand for gas.
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what have we got? ashley: we're up 1.1 million barrels in distillate gasoline. that is almost 2 1/2 times more than expected. stuart: oh, that means we're not using, demand for gas is not strong. ashley: based on those numbers, yes. stuart: can't tell you at this moment what the average price of gasoline is doing. it was $2.28 from aaa. update numbers 5:00 eastern time. ashley: much bigger build than expected in gasoline. stuart: what we have here, more gas in storage, less demand. would i expect the price to go down on that basis. we shall see. let me bring somebody who knows about this area, scott shellady, joining us from london. scott, i would expect the price of gas to keep on falling. what say you? >> well it would take something pretty tremendous to get gas to rally. think about it. of the middle east tensions with
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the saudis. hurricane cindy down on refinery row. opec trying to manufacture two big rallies. we can't hold on to it. it would have to be something big. this tells me we continue slow grind lower until something shocks oil market out of doldrums. i don't know if $30 in the cross-hairs but definitely $40 is. we'll see what happens after there. stuart: you don't think there might be a sudden isen break below 40? very touch and go thing at the moment, the oil market? >> yeah it is, theoretically speaking as you get closer to zero, i'm not saying we'll ever go to zero, it will get harder to trade lower and demand and what we've got trading down there. you will not see the market flush when we get this low. it will be a slow grind lower. that is the case. we don't have any reasons to get market going. we given all the reason. one thing i don't like about it, stuart, we tried to manufacture
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two rallies in opec dropping production. you can't make the girl fall in love with you. it has to happen naturally. it doesn't work in oil. doesn't work in love. stuart: wonderful analogy there, scott. really was a good one. one last comment, i think half dozen states in america will have average price of regular of $2 and below end of this month. one state got it below two bucks at the moment, south carolina at $1.96. what chance that i'm right? >> i think probably 85% chance you're right. i think that will be the path of least resistance right now. we've proven we can't rally crude oil. why would we see different in gasoline. 85% chance of being right, outside of some odd event that really spikes in oil. stuart: scott, stay there please. i have more in a moment. want to get back to pure politics. republicans in the senate reportedly unveiling their health care plan tomorrow, thursday.
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senator john barosso with us, republican from wyoming, a doctor to boot. welcome back to the program. >> thanks for having me, stuart. great to be with you. stuart: have we seen the health care bill we're told presented out tomorrow? >> we're rolling out tomorrow. putting final touches now because the pain of obamacare for patients all around the country is getting much worse. stuart: is there compromise like on preexisting conditions? compromise on medicaid reform? is there, is there a grand compromise here that looks like it would pass? >> well we have all republican senators focused on getting something we can agree on and get the 50 votes we need to get this passed. we are committed to making sure that people with preexisting conditions are protected. my wife's breast cancer survivor. i'm a doctor. i know how important it is to care for people with preexisting conditions and make sure they get the care that they need. on medicaid, stuart, medicaid is a program that has been failing. the obamacare solution has been
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to put more people on to this sinking ship. we need to make sure it is stable and secure, and from my time in the wyoming legislature, what i knew, if we could have the money at state level with flexibility we could spend it better and help more people than are currently being helped by obamacare. stuart: sir, you've seen this bill. we haven't. you have. i know you worked on it. you know the compromise. would you say yes, we're going to get the republicans are going to get the 50, 51 votes needed to pass it? >> we're, we're committed to getting to that goal. they're still in the final discussions with all members of conference. we're meeting again today. we'll meet again tomorrow morning. but we are committed to dealing with the fact that obamacare has failed the american people. the insurance is in a death spiral. we need to do something to rescue the people that have been recall had by the obama health care law. there are millions and millions of them across the country. stuart: am i right in saying if
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it is presented tomorrow we get to see it tomorrow, tonight there will be a great deal of arm-twisting and pushing and shoving to get everybody on board, am i right? tonight is a big night for sausage-making? >> just remember, this bill is going to be amendable on the floor of the united states senate. republicans and democrats will offer amendments. there could be 50 or more amendments voted on. process called reconciliation. this will go on for the next week. the plan to have a vote before the 4th of july. stuart: got it. senator barrasso, thank you very much indeed for joining us sir. we appreciate it. >> thank you, stuart. stuart: want to get back to scott shellady because of these changes. he is an oil guy. about this in saudi arabia they have a new crown prince. that means the next king has been named and he is 31-year-old mohamed bin salman, the son of the current king. he is is 31 years old. when he becomes the king he will
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reign probably for decades. we're told he is reformer. what do you make of this development which i'm told shakes up saudi arabia? >> well it does. i think the thing we're not reading into it what we should read into it, this low oil price doesn't just hurt us in the states, our energy sector, it hurts other people. this is hurting is a you had -- saudi arabia. they have their own internal turmoil they have to rectify by bringing in somebody young who can rule a long time to make changes so they're in better spot down the road. they have their own internal problems with this low oil price. this is grasp of some straws to change the direction their aircraft carrier is going in but it will take a lot to turn around. stuart: i have a feeling american frackers who will keep the price of oil down because they're going to drill, drill, drill, no matter what, am i right? >> yes, you're right. they have got their happy socks
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on when it comes to drilling. we have a lot of rigs, number one. number two, i say this over and over again, oil we found, shale we found in west texas, largest ever find in u.s. history and oil up in alaska, this will be a problem for the middle east going forward. that is why opec is starting to eat its young. they don't know what to do. stuart: are we on the verge of energy independence in the united states? >> i'll take it one step further. this is one thing i got from president trump and i love it. when he looked at his folks in the eye, one was governor perry, i don't want to be energy independent. i want to be energy dominant. that is where we're going. stuart: okay. now you used to be a resident of illinois. they have a budget problem. they just, governor rauner says he will raise taxes. that was last night. are you ever going back? >> i tell you, you know what? illinois is going down the road of venezuela. they're almost the same right now. the only difference between venezuela and illinois is
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illinois still has toilet paper. that's it. stuart: we'll leave it right there, scott shellady. back to your warm beer, lad. next story, prince phillip, the consort of the queen of england. he is in the hospital. he is 9 years old. ashley: 96 years young as we say. at mid to the hospital for precautionary reasons. he is up and around and doing well. he is retiring royal duties this autumn. the queen is 91. he is 96. she delivered the queen's speech in parliament, looks great. the duke was very upset he couldn't be there with her. they were at at ascot for the races.
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stuart: you have to be at ascot. with all your refinery. you have to have a hat for that. serious stuff, long island, gang of ms-13, caused half a dozen deaths since september. president vowed to get rid of it. we'll get progress from a sheriff tasked with fixing that problem. >> ms-13 is going to be gone from our streets very soon, believe me. [cheers and applause] ain. this is the new new york. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov
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(baby crying) (slow jazz music) ♪ fly me to the moon >> issue we're talking about that carlos brought to us. he was at waukesha county technical college. our state has very low unemployment rate. in fact the unemployment rate in wisconsin is lowest it has been since 1999. we have jobs. the challenge where i come from, we need workers with right skills to fill in demand jobs. we have to close the skills gap. this is huge in the midwest. this is something i hear every single time i tour a business. so, we've got to make sure that we can get people with the right skills. while we talk a lot about college, there is no one size fits all solution here.
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we need to renew emphasis on trades, on apprenticeships and career and technical education. this how we get people into jobs that will double and triple what they're already making put them on steady career path. you can do really well in wisconsin, have a great life, food future for your family with a good technical skills job. so the work that carlos and glen thompson and people at education workforce committee, the work they're doing making sure it pays to work and gets people out of poverty and on to the ladder of. this is most important thing we can do in congress to improve people's lives f you look last month or so, sending regulatory reform to the president's desk, pass thing choice act to help these small businesses get the capital they need to grow and hire, taking action to expand career and technical education we're in the midst of delivering on our agenda to address problems that people face in their daily lives.
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that is why we're elected. that is what we ran on. that's what we are doing. questions? yeah. >> [inaudible] >> we're having that conversation -- the reason we were late with you today because we're having that family conversation. we all recognize that in the first year of any new presidency you have a constrained budget process. that is clearly the case here. so what we're trying to do is figure out how can we in this constrained budget process get our preparations work done and have the house go forward. that is the kind of conversation we'll have with our members this week. we haven't decided exactly how we'll go about our appropriations process in this first year but we'll move together on consensus. yeah? >> [inaudible]
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>> yeah. it is important to remember that, no matter how long the window is, the out years, whatever the out years are in whatever window have to be revenue neutral, deficit neutral, for reconciliation to work. the key components of tax reform have to be permanent. because of scoring. won't work with reconciliation but certainly with economic growth. other provisions in tax reform don't have to be permanent. key ones like rates, things businesses plan on, those things require the certainty of permanence. that is where you get fastster economic growth. we haven't settled on exactly the terms of budget resolution yet. when we do, you'll know. chad? >> [inaudible]
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we don't know the specifics but do you feel that -- get something across the finish line and work on details -- [inaudible] that's really where get down to brass tacks in the conference committee? >> obviously we're very hopeful that the senate moves on the health care reform. it is very, very important. remember this law is collapsing. look what happened in ohio. look what's happening in mess suri. look what's happening in iowa. more bad news is coming and higher increases for premiums. the law is collapsing. we feel we have responsibility to step in front of the collapse, save people they will not have many choices in many areas, another round of double-digit premium increases. we think it is important that the senate moves forward and passes health care reform. what the process is, comes from that, we'll see if they pass something. >> [inaudible]. stuart: that is the q&a session
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now with speaker ryan, the regular news conference they hold on a regular basis is. so far, no news from that news conference. we're monitoring. see what happens to it. the dow industrials down, up three points. this is a dead flat market thus far. no response to the numbers on housing which were good. the median price of homes just sold. 252,000. that is the highest ever. no reaction on wall street to that. we also had more oil, no, less oil in storage. liz: that's correct. stuart: so price of oil gone to $44 a barrel. that not affecting the market. now we're up $43 a barrel on oil. not much going on in the markets thus far today. there is this, violent street gang, ms-13 continues to terrorize long island, accounting for nearly a half dozen homicides just since september. congressman peter king had this to say during a house counterterrorism hearing
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yesterday. roll tape. >> it is essential we have a full-scale national state and local effort to destroy and end the terrorism, tyranny of ms-13. they in many ways turned immigrant communities into a killing field. stuart: strong stuff. joining us suffolk county sheriff vincent demarco who is indeed handling ms-13. you have been on the show many, many times. you told us who you are arresting and what you're doing. give us an update, please. >> working with homeland security investigations and local law enforcement, we arrested 4 3m s 13 members. over a third were unaccompanied minors. arrested on criminal charges but majority on civil immigration charges. stuart: a third of the people you arrested last week as ms-13 gang members, a third of them come to this country as unaccompanied minors, they
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crossed the border with mexico and been brought to patrons, family members who suffer sponsors? >> sponsors, right. stuart: who turn them into gang members? >> they may not have turned them into gang members but put into a community where there are a lot of gang members, not a lot of super version and services, they were recruited by the gangs. they're very have nearable to this. stuart: political terms a lot of object to the deportation of some illegal "aliens in america." have you run up against, run up on ms-13 getting people out? >> the community is getting gang members out are whether they're here illegally or not. they want them arrested or off the street. because their communities are not safe. they realize that. they have been supportive, very forthcoming with information when it comes to gang members and immigration issues. stuart: no issue there? no political issue with that? >> no. gang members, everybody seems to be on board with now.
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with the congressional hearing yesterday, what we did, we submitted 10 interviews with unaccompanied minors affiliated with ms-13. we submitted that as part of our testimony to show how a porous border is really a threat to national security. stuart: sheriff, i have to cut it short. thank you for the update. appreciate it. come in soon. interesting subject. coming up new study shows nearly a quarter of americans do not have a single dollar saved for emergency. dennis miller joins us in the next hour. we'll be back. ♪
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for a free quote today. liberty stands with you™ liberty mutual insurance. stuart: big win for the gop in georgia, as republican karen handel secures victory over her democrat counterpart. joining me now the governor of florida, rick scott. welcome to the program. >> shows you no matter how much money you have if you doesn't have a message you lose. i wish they spent more money,. stuart: did president trump win last night. >> absolutely. president trump talked about jobs and repealing replace about obamacare. what did karin talk about? jobs and replacing and repealing obamacare. that is why she won. stuart: you have a pac, political action committee to rebrand the republican party. are you rebranding in the trump mold? >> oh, absolutely.
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i mean if you look at what we should be talking about, talk to how americans talk. they're not talking about liberal versus conservative. they're talking about i want open government, not closed government. i want choices. i want choices in my education, choices in my health care. that is how trump talked. he talked about what people care about. romney lost big the hispanic vote. i won the hispanic vote. we need to talk to them. how did trump do? i was with him down in miami. talked about his cuba policy. i've been working with him during the election and afterwards make sure we do the right thing. we take care, focus on cuban people, not what obama did. he focused on the cuban regime. stuart: how do the hispanic voters, especially cuban voters of miami and florida, how do they react to president trump changing the relationship with cuba, away from the way president obama saw it? >> they're all on board. stuart: they're on board with this? >> the cuban people know that
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they you can't help the castro regime. that doesn't work. there is nothing that obama did helped get freedom, democracy. all he did was he helped the cuban regime. donald trump came down there, met with dissidents, met them on the tarmac. on top of that he gave a great speech how he will work with the cuban people, not with the castro regime. stuart: how far are you you prepared to go with the election last night in georgia especially? a lot of people say this stablizes the trump presidency. some are saying that maybe it allows the gop to speed up the legislative process. would you go that far? >> first off, i think congress has to understand that they got elected to repeal and replace obamacare. got elected to reduce taxes of the if you want to get elected you have to show up to do your job. stuart: has the message shownp to the gop? has it? you're on inside? when i talk to them. this is how trump got elected. how we all get elected to do what we talk about.
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i talk about jobs. up here trying to get jobs out of new york and connecticut. stuart: can i end like this? would you say that if the gop doesn't come together, end division, get something done on health care, get something done on taxes, if they can't do those two things this year, they're toast next year, would you say that? >> i would say if you ran on something, why would you expect to get reelected if you don't do it? stuart: that is sort of answer. >> do your job. ran on replace and repeal obamacare. repeal and replace obamacare. you ran on cutting taxes. cut them. stuart: cut taxes please. rick scott, republican of florida. great to have you here. >> move to florida. stuart: as long as you don't have estate tax or state income tax. >> no income tax. no estate tax. less regulation. nice weather. stuart: governor, a pleasure. >> nice seeing you. stuart: and we will be back.
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stuart: i made a bold prediction. by the end this month price of gas in a half-dozen states will be below $2 a gallon. with 9 days ago, one state is already there and i'm sticking to my prediction for the gas price declines important, it puts money in your pocket, everyone's pocket, low income people spend a larger portion of their wages on gas so when that price falls it is beneficial for them. this is also a saving that you see every day. every day, the posted price falls, you know it, you see it. this is not good for the electric car business. why pay extra when gas is so cheap and it is not good for the sale of small cars, their selling point is great mileage.
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that loses its appeal when gas is so cheap but it is good news for the suv guys, automaker's profit on gas guzzlers, much greater than a compact car. that is what people want these days, big, safe or ride high. appealing especially when gas is so cheap. today is the first day of summer when the driving season begins with we are supposed to feel guilty for driving because we are hurting the planet. this is one american who plans to enjoy a guilt free summer driving america's magnificent highways, seeing the wonders america has to offer and are but you, state fairs, explore our fantastic national parks, i am going to drive anywhere. i am planning on having a great and cheap driving summer. how about you? the third hour of "varney and company" is about to begin.
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stuart: i will be quiet. that things there, goes from 0 to 60 in 2.9 seconds, it is the 2017 lamborghini. it is the fastest car yet. for half $1 million you can have one. the poconos raceway later today we show you a test drive. your money, the big board, some development in the last few minutes down, 36 points and falling but we are at 21,400
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still. the price of oil, plenty of supply and the price is down on oil. price of gasoline coming down, it will come down a lot more, 228 is the national average and the cheapest state for gas as i alluded to at the top of the hours south carolina where the average price is $1.96 a gallon. gas buddy says the cheapest gas in the country is at the valero station in oklahoma city, $1.69. the chief investment strategist, this is a shot in the arm for the consumer. what say you? >> no disagreement, long overdue, this contrary to government policy and politicians puts money in people's pocket and that is overdue. stuart: are they going to spend
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company even though it is not publicly traded, what do you make of this? >> i analyze companies for living and i look at this and use the phrase train wreck in slow motion, always of describing this, the ceo has tremendous personality problems, lawsuits. hard to imagine a company like that going ipo, investment bankers don't want to deal with it, they have a revolving door. whether it makes it or not, sets the stage for secondary competitor to come in without the money needing to be spent. what i'm looking for is which second-tier players will fill huber's shoes. >> if they go ipo i don't know,
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if they had an ipo gaining market share, i suspect. >> it highlight something we talked about a lot, silicon valley for spoiled brats imagining great things from disrupted industries with little understanding of the consequences and responsibility to their actions. we have a poster child for that should be a wake-up call for investors because you can't just be disruptive, profitable and understand how to run a real company. stuart: we see a decline on the dow industrials off 42 points, some relatively strong real estate news earlier. what is moving the market to the downside in the last couple minutes? any idea? >> there are a lot of buy and sell programs out there today. it is what i call a thrift. i wouldn't pay a lot of attention unless there's a
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concerted spike in volume. stuart: you are holding our hands nicely, see you again soon. republican karen handel wins georgia avenue special congressional election, donald trump tweeted this democrats would do better as a party if they got together with republicans on health care, tax cuts, security, obstruction doesn't work. congressman roger williams a republican from texas joins us now. does this election result bring the republican party together so they can get things done? some impetus? >> it is a positive sign that shows americans, we need to fix it. we need to have lower taxes, less government, spending, defend borders, all these things, we need to begin to do. the message was we took the democrats best punch and it
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wasn't enough so we got a great opportunity to move forward and i hope we do. stuart: trying to figure out does the republican party, don't mean to be facetious but does the republican party understand that you just got to get it done, got to have tax reforms this year, otherwise you will have a serious problem in the elections next year. has that understanding sunken? >> it has with me. i have been talking about tax reform since i came up here in 2012 and that is one of the basic premises donald trump won on. we got to get healthcare, waiting on the senate to come to healthcare to see what they are like, we are in the past to positive things, to make sure what happens. stuart: you were in the dugout when steve scalise was shot and you were injured slightly during that event. this morning we were told it was not a terror attack.
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what do you make of that? >> i don't know if it was or not. when you are in there. i was in the dugout to get away from the perpetrator, you are not thinking about that when bullets are flying around you. someone who had mental issues need to be addressed. stuart: did you fear for your life? >> i didn't fear for my life but i wanted to make sure all my colleagues were protecting each other. people in the dugout, congressman barton was in there with it. let's protect ourselves, make sure the dugout, we have a plan to stop him. bats and balls is all we have but it turned out it turned out in a positive way. stuart: roger williams, republican texas, thanks for joining us. what else on our plate, our
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radar screen, state department has opened a formal inquiry into hillary clinton's handling of emails when she was secretary of state could result in clinton losing her security clearance. judge andrew napolitano on that. new numbers reveal a lot of us are bad at handling money. when example, some are more concerned about their next vacation rather than saving for retirement. one of our favorite guests is back, dennis miller, we will get his take on hollywood failing to save the democrats in georgia. we have the newest lamborghini and you will see it in action later on this program. ♪ oing... ...so build a better website in under an hour with... ...gocentral from godaddy. the internet is waiting. start for free today at godaddy.
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>> we cannot let this once in a generation moment slip by, transformational tax reform can be done and we are moving ahead full speed ahead. i promise you we will give it all we have. stuart: house speaker paul ryan talking about getting tax reform done and several lawmakers told us they are willing to work through the recess to make it happen. role that tape. >> none of us wants to do summer break unless we have tax reform done and all these things done. >> are you sure you want to speak for everybody? >> we want to get tax reform, the healthcare -- >> i ready to work through fourth of july, ready to work through august, that is what i came up here for. i will miss louisiana. i love louisiana, i said i would never move to washington but i am ready to work 7 days a week. stuart: look who is here. that lady is mercedes slap,
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you're the one who constantly said chill out, stop it. don't make a big deal, they will get it done. >> are you more relaxed now? stuart: no. >> they are going to get it done. they are cautiously optimistic they can pass healthcare legislation. i know it looks very vague right now but the reality is they are getting inputs from these republicans, mitch mcconnell will strike a balance between the conservatives and moderates and they understand this bill needs to get done. stuart: we get the healthcare, see it tomorrow, then it goes to the senate and the bill -- all kinds of amendment and ultimately there will be a vote before the july 4th recess. >> that is the goal. i know democrats are complaining because we haven't been involved in the process, they haven't wanted to be involved until the ninth inning when chuck schumer said let's have this big meeting but the reality is they will allow debate, they will allow
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amendments on the bill and the senator -- where it is going to be tricky is senator collins or senator cruz, you have the attention. stuart: you only need 51 votes on this. >> they are using the budget reconciliation process to get this vote. stuart: tax reform, tax reform, not just a tax cut but reform, bigger package, are you confident, are you going to tell me they will get it done? >> not in august. you will see tax reform in the fall. that is the primary bill for the administration and congress to push this through. the big question is how will they pay for it? are they going to use the border adjustment tax? the administration -- that is not going to happen. they have to figure out is there enough revenue based on tax reform to pay for the bill itself? stuart: this is a question i
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asked a lot of republicans. is there an understanding within the party that you have got to do this? if you don't do this you are in deep trouble? >> i think the administration and republican leadership recognize this is must do. this is the time to do it. two things happening, on the senate side democrats using parliamentary procedures to grind the senate to a halt, stopping committee hearings from happening, voting on unanimous consent, something that is easy, making it difficult for that to occur. they want to run the clock down, they have 45 legislative days in the calendar to get stuff done. republicans have to forge ahead and pass through, get the repeal obamacare bill done. we know this is not a health insurance market, they have to stabilize the marketplace in terms of healthcare. stuart: my gut says they work through this. >> you are so calm.
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your blood pressure is going down. stuart: i have been away for four days. >> won't work through august. it is congress. they like to go home, that is when they do their political fundraising. you might see -- if -- stuart: if they go away for august. my blood pressure goes up and so does yours. >> you will be working seven days a week, they will work in their districts those seven days a week. i don't believe they will cancel their august recess. that is my prediction. pressure is on, they got to get it done. stuart: you are in new york, is it special? >> with my two older daughters and we will go hang out in new york for the day. i do have to work seven days a week. stuart: take your children and go see new york. it is a wonderful city. some individual stocks making
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news. chipotle down yesterday, getting the downbeat outlook down again today, only 2% off, for 16. adobe's cloud business doing very well, stock is up 2%. higher profits at fedex getting a boost from online shopping, amazon angle here. fedex is up $2.60 to 211, higher profits and sales at la-z-boy, no amazon connection but stock is up 16%. carmax, same story, good sales, good profits, stock up 3%. starbucks announcing plans to hire 2500 asylum-seekers across europe in the next 5 years as part of a worldwide initiative. $59. twitter, more talk of the twitter takeover, up 5.5% at $17 a share.
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hillary clinton is not out of the with you. state department opening a formal inquiry into use of emails as secretary of state. who is going to talk about that? judge andrew napolitano is next. there is this too. one in four americans have nothing saved for emergency, not a buck. is this a result of bad personal management or a bad economy? more on that as well and dennis miller is on shortly. his take on hollywood failing georgia democrats. the newest lamborghini blues not me. somebody. is going to take it out for a spin and you will see it happen right here. ♪ ♪ i want to drive it all night long ♪ ♪
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foxnews.com automotive editor. i know it goes 200 miles an hour, half $1 million, you tell me how does this thing handle? >> it handles really well. originally came out six years ago. they reengineered it completely. i turn the wheel this way, the wheel turns that way, turns this way, depending how fast you go, this thing is nimble and agile. it is a lot of fun on this twisty drive. i should be able to break in just a second. stuart: you have driven a lot of high end sports cars, that is what you do. how does this compare to top-of-the-line porsche? >> what is great about this, the
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second fastest car in the world, this is the poster child of supercars. every little kid has this on the wall. when you get your nba contract, this is the car. this one is the total package. stuart: i have a hard break, gary gaslow in the lamborghini. we will be right back. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage.
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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. stuart: house speaker paul ryan outlined his tax reform plan yesterday, he barely mentioned these so-called border adjustment tax. national retail federation ceo matt shea is with us now. take a victory lap because you killed it. you killed the border tax. >> nice to be with you. glad to be here today. i think there is a speech
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speaker ryan gave yesterday and the outline that was provided, something that would resonate with our members, very popular with the retail industry, said a lot of things with which we agree and that makes the point we have been an agreement with the speaker on the need for tax reform for a long time and we have one disagreement over one element and the fact he didn't mention that element yesterday is encouraging to all of us. stuart: your disagreement is purely about the border adjustment tax and that is the way of paying for this tax reform. if you take away the border adjustment tax would you be okay with substituting a consumption tax like a gas tax? >> consumption tax and gas tax would be received differently depending which industries you are talking about because they will have different impacts but the point is the speaker made clear there is more than one way to get it done and the fact that he acknowledged there's a way to
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do tax reform, we have a proposal in the house but there are many ways to get this done is encouraging. that is a sign that he and chairman grady and others are being responsive to the concerns they have heard and the recognition the politics of this doesn't make sense to do tax reform by imposing a $1700 tax on american families. stuart: i came on strong at the beginning of the interview trying to press you, you killed it, you did it. i think i am right, whether you killed it or not doesn't matter. i think it is dead and you are not going to give me an argument. >> we have heard the senate sort of up and down the lines from republican members of the senate express a lot of discomfort with this, without any enthusiasm for this to go anywhere. you heard secretary steve mnuchin and gary cohen at the white house make public statements about their displeasure with his particular approach so this is a positive development. there is a long way to go.
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it is not going to be over until we get there. we should be clear on this. we should be just as vocal and supportive of our plan that doesn't contain the border adjustment tax as we have been vocal about one that does. we are champions for reform, the highest rate of any industry in the country, we want to get this done and we will be tirelessly working to get tax reform across the finish line. stuart: we will delay your victory lap a couple days but you are going to take a victory lap because you really did kill it. >> victory is when we get tax reform done for the american people and victory for all of us. stuart: i will go with that, a pleasure, thanks very much. i have some facts, yes facts, we deal occasionally with fact on this program. this is all about how we manage our money. left side of the screen, one in four people have no emergency savings at all.
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we are more worried about paying for a vacation then saving for retirement. million this of us hide money from our spouses and partners. we prioritize, give me that list, we prioritize, we prioritize paying the wrong bills first. we have racked up $1 trillion worth of credit card - not to mention $1 trillion worth of student debt. come on in, moody's managing director john lunnski. are we behaving financially like this because we americans are not good at managing money or because we have a bad economy? >> we are behaving badly as far as managing money is concerned. on the other hand it is true that the economy is underperforming and that isn't helping matters any but there are too many americans that want to spend today without realizing because they are not saving they
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will have less to spend in the future. they are not going to be able to afford that down payment for a house. stuart: thrift is no longer considered a virtue. saving money, delaying gratification used to be, the name of the game in my day, but i'm an older kind of guy and that has gone out the door. >> we live in the age of entitlement, people think they are entitled to spend something on the newest gadget, newest fashion, it without considering by doing so they are limiting their ability to spend in the future. we keep coming back to. very focused on the moment. they don't care about tomorrow. stuart: one thing i would like to see, everybody who works for a company which offers a 401(k) automatically in. you have to opt out if you want out. there should be a lot to that effect so everybody gets into the plan. >> you have to encourage saving.
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a little bit to this. stuart: can i break away, the judge is with me. when i said we should have everybody in the plan when you work for a company with a 401(k) there was a gasp. judge napolitano: what people do with their own money what they want. stuart: a private enterprise company. judge napolitano: you said a law, the government should force a private company to compel its employees to do certain things with their money, the government that can't deliver the mail. stuart: as long as we continue. >> very bad attitude toward savings and has gotten worse over time. when i was a young boy we had savings accounts at school. this is a public school. stuart: coercion.
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>> this little booklet and when we got to sixth grade we had $125 with interest on top of it so we were being taught the importance of thrift. not doing it anymore. it is all about living for the moment and that is a huge mistake. it also carries on the student's attitude towards learning, toward studies. stuart: i am with you. last point price of gas has fallen sharply and i think will falls more. are we going to save our savings at the pump. >> that will happen to some extent because we have a dearth of savings and many americans are going to feel compelled to take the extra money they have in their pocket because of lower fuel prices to put towards paying down credit card debt. i would think so. stuart: there is light at the end of the tunnel. >> there is always light up an end of the tunnel, whether it is the oncoming train. stuart: you did it again, thanks for joining us. let's get to the judge because
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the state department opened an investigation to hillary clinton's handling of emails when she was secretary of state. she could lose her security clearance. judge napolitano: this is a new investigation but do you think the public realizes mrs. clinton still has her security clearance, she still has access to the nation's most tightly guarded secrets even though the director of the fbi and his entire team of 100 investigators concluded not to indict her but that she was, quote, extremely careless in the manner in which she maintained those secrets. stuart: why a new investigation. judge napolitano: i don't know the reason why. i don't know what triggered this. i know rex to listen with the stroke of a pen could terminate her security clearance. but there has never been a whiff of the misuse of it.
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henry kissinger. 45 years ago, there is this tradition of allowing secretaries of state and their senior staff to continue to have security clearances for which they qualified as they were entering office but none have had the problems mrs. clinton did. does rex tillerson want to take the security clearance of one of his predecessors, his successor might take his. i hate if i scratch my back you scratch mine which is an attitude of government for years. the evidence of her criminality is overwhelming. the bar for removing the security clearance is lower than the bar for prosecuting. very easy case. stuart: if you say her criminality is beyond dispute do you think she will ever be held accountable with the criminal indictment? judge napolitano: exoneration by jim comey is not binding on the
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jeff sessions department of justice. they could re-examine whether or not she should be indicted, the statute of limitations has not run out. i wonder if he will do that. this is regular doj. stuart: he has leverage over hillary clinton. judge napolitano: until the statute of limitations expires a few years from now. stuart: you are wrong on 401(k)s but you're right on hillary clinton. judge napolitano: to be corrected on national television. stuart: you are happy i am back. thank you. democrat john ossoff despite the backing of hollywood names, more on that shortly but listen to this interview from before the special election. >> if you think after hillary clinton's failure with the biggest and brightest celebrities by her side do you think it is smart to have these liberties on your side? >> i don't think voters care.
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>> why have them? >> whether it is celebrities. listen up, heart disease.) you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop getting in the way of patient recovery and pay attention. every single one of you is on our list.
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for those who won't rest until the world is healthier, neither will we. optum. how well gets done. when it comes to reducing the evsugar in your family's dietom. coke, dr. pepper, and pepsi hear you and we're working together to do just that. bringing you more great tasting beverages with less sugar or no sugar at all. smaller portion sizes, clear calorie labels, and reminders to think balance. because we know mom wants what's best. more beverage choices, smaller portions, less sugar. balanceus.org >> live on the floor of the stock exchange, laurie roth with your fox business briefly after a year-long flirtation what might be cooking up.
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it is up by 1.5% after t-mobile parent deutsche telecom, the combined company will have the largest wireless sector portfolio in this capacity allowing don ledger to continue appraising war in the us over tax rate wireless market. check with your long performance, sprint up 96%. t-mobile up 49 person. verizon and at&t down 6%. let's get back to "varney and company". you totanobody's hurt, new car. but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™,
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eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures. i'm still going for my best. and for eliquis. ask your doctor about eliquis. stuart: two stories on tesla, the leader of the autopilot software team is out after 6 months on the job with the company, tesla said he wasn't the right fit. second-story, federal investigators say there was no problem with test labs autopilot software in the deadly clash in florida in 2015. the car warned the driver 7 times, put your hands on the wheel, a warning 7 times over
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before the crash. look at tesla stocks, doing very well recently, it has gone straight up. tesla is 300 $70 per share, it is up $.60 but if you ever look at a chart gone straight up. democrat john ossoff lost display backing of the hollywood names. has hollywood no cloud whatsoever? what happened in the hamptons with paul mccartney and springsteen and the game turns people off am not interested in celebrity endorsements. >> doesn't work with democrat union worker out of a job, they don't care if jon bon jovi or any hollywood person is showing
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up. stuart: isn't this a real change? you get some celebrities who go out and cheerlead for you, that brings in younger voters, musicians and young actors, you bring in the millennials they will vote for you, that is not true any longer or is it special to georgia? >> there is a back lash, who are you to come from california and tell us who to vote for? stuart: especially georgia. joining us now, none other than comedian dennis eller. miller. we talked about we americans not being real good at managing money. when four doesn't have a dollars saved, we tend to pay the bills we don't need to pay, pay them first and the bills we need to pay, pay the last. what is your take on americans handling of money? >> i'm with the judge. who cares? do you have enough time in your day, do you care what other people do? i am not even a civil libertarian, i am just massively
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disinterested. have you checked human beings out yesterday? have you boarded a plane, watched the intergalactic prayed go by you, people go by watching now, it is like a moron eclipse. i have a hole in a shoebox so i don't go blind, i'm supposed to go to the next step and say i wonder what that guy is doing with his money, i don't care. stuart: i am in a position of having to be a commentator on the nation's money. i look at this run-up in student debt, $1.3 trillion and thinking who is going to pay that off, they can't pay it off. it affects the global economy. >> at some point it is going to get waited, we will pay for people who are trying it. sorry to point this out. you can analyze it but people -- this is the golden age of being a screwup and you know it is
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going to get so big they have to give them a pass on it. there will be some kids who feel guilty about it and go out of their way to pay back but a bunch of people will just walk from it and that is the way it is and we have to get our head around the fact that you have to nibble around the fringe of a screwup culture right now and you can't go so far in deeply that you are on a plane looking at a stranger going what is that gentlemen have story with his investment portfolio, i don't care. i just don't want him to have his dog hump my leg on the flight. stuart: i really do care. i start thinking how much do they make, where are they from, what are they doing, what job do they do, how do they spend it, you are not interested, i am just a people watcher. i will move on. >> hands across the water, you are the liner notes right mcewen album.
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i am not. stuart: elon musk, the big tech meeting at the white house, joked he couldn't make it because his car wouldn't start. is this just sour grapes over the paris climate decision? what says dennis miller? >> i don't trust guys who have that little thing, that thing has bothered me since janet jackson, the little bubblelike, got to keep your hands free to articulate. i like guys who stand at a podium, hold something. that whole i am george jetson and you got to listen to me because i got stuck in traffic in santa monica and now i am going to build a tunnel all the way downtown la and you are going to help me pay for it, i find subsidized genius tires him at some point.
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stuart: i think i am more typically american than you are. that is saying a lot. >> you see elon musk and i wonder what his beauty protocol is. stuart: you know about heartbreaks. i am coming up on one. >> have a good one. good to see you. stuart: we will be back. ♪ i love getting more for less. that's why this control enthusiast rents from national. where i can skip the counter... ...and choose any car in the aisle. on average, four out of every five rentals at national is a free upgrade. getting a full-size and paying for a mid-size? ♪ whoa, oh, whoa, whoa, lovin' every minute of it... ♪ as the boys from loverboy so eloquently noted... i'm lovin' every minute of it. go national. go like a pro.
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stuart: directors of the star wars spinoff film about young on solo are parting ways. >> this is not good for lucasfilm, for the star wars series. they quit midstream in the middle of production, so-called creative differences, they butted heads with kathleen kennedy who runs lucasfilm. it is not good for a han solo movie. >> it was supposed to be a han solo spinoff movie so the directors left the production deal midway through. that is a big problem. queen elizabeth, her husband, prince philip, hospitalized, 96.
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ashley: he went into the hospital on the advice of a doctor, fighting an infection but we don't know from what, from a previous condition. we are told he is up and about and in good spirits. the queen delivered the speech in parliament, he is in interesting character. he said recently i drink moderately, i believe in healthy eating and exercise, he takes the stairs and says he still fits into the uniform he wore on the day he married the queen almost 70 years ago. stuart: that is something else. ashley: it is amazing. stuart: to fit into a uniform you wore 70 years ago was quite an achievement. i will not comment on what i could do. a big night for donald trump heading to cedar rapids, iowa
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today. he is holding a big make america great again rally, you can watch it on foxbusiness, live coverage starts at 8:00 eastern. we will be back. ♪ here comes the fun with sea-doo ♪ sea-doo has the most affordable watercraft on the market starting at just $5,299 and up to $500 rebate visit sea-doo.com today
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stuart: my opinion, most important story of the day, uber, ceo travis kalanick is out. one of the most disruptive company in recent years is leaderless. ashley: there is some talent in silicon valley, more mature, do what the company does best to bring more stability to it. don't count it out yet. stuart: do you think that is more important than the georgia election? liz: the georgia loss to the democrats is totally demoralizing. this is summer of resistent against trump according to hillary clinton. will the anti-trump per have dissipate?
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they are 4-0 or 5-0. republicans have beaten democrats. stuart: it makes a difference if president trump and republicans get a win. health care a win. tax reform a win. very, very big deal from the summer of discontent from the democrats. our time is up, but, neil, it is yours. neil: i'm very surprised biggest story of the day wasn't this cheaper gas, right? stuart: touch and to. [laughter]. neil: electoral wins. cheap gas. thank you he, very, very much, stuart. we'll give you update on the race in georgia and what it means. people focus on elections are like snapshots, once snapped it is shot the image is gone. our friend connell mcshane breaks down what happened. of the with foreback-to-back congressional wins, what is lost they simply held on to seats
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