tv Varney Company FOX Business June 23, 2017 9:00am-12:01pm EDT
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maria: join me tonight 8 p.m. eastern, my interview with scott sperling and former presidential candidate carly fiorina: stuart, over to you. stuart: i'll take it, thank you very much indeed. you think they've learned, but they haven't, but they haven't. the hate comes from the left. actor johnny depp takes the stage and jokes about assassinating president trump. when was the last time an actor assassinated a president, he said, apparently referring to president lincoln. he says i'm not an actor, i lie. and said it with a smirk. and before that, it was the severed head picture from comedian, what a joke, comedian
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ka kathy griffin and the trump hater who scott steve scalise and came close to a massacre of republicans. and they use obscenities to describe the president. there's a sign that it's hurting democrats. and there was a fourth republican win and trump hasn't lost one. despite the talk of russia and spewing of hatred, the president has held steady for approval rating of 40%. that's not great, but that's the back drop this morning. "varney & company" is about to begin. ♪ . >> frankly, i don't think there's any way this gets negotiated in two years, i
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think there will be remaining and lasting uncertainty in great britain, but in the u.s. i think it's a huge buying opportunity, i would be looking for the great down stories in and i would get in with both feet. stuart: oh, yes, that was former goldman sachs partner, varney regular peter kernen, one year ago today, to get into the markets. the day of the british exit vote. take a look since then. the major averages all of them up nicely with a good assist from the election of president trump. here are the tech stocks, straight up big time, 30, 30% up. more big name stocks since the brexit vote all of them straight up big time. how about the banks, financial companies, what happened to them post brexit, 63%, look at that, all of them straight up. how about oil stocks since the british exit vote one year ago
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today. look at that, two of them down, one of them virtually unchanged. didn't do much and oil stocks about it. one year ago today, the brexit vote. the big news in politics and money today, this friday, the senate's health reform plan. four conservatives senators say they're not going to do that without changes. rand paul, texas ted cruz, utah mike lee, wisconsin senator ron johnson. joining us now, fox news contributor, byron york. all right, byron, i cannot believe any republican senator will kill this bill. kill the president's growth agenda, ruin the g.o.p. as a ruling party and leave the rest of us to suffer under an unchanged obamacare. i can't believe when push comes to shove, they'll pull the lever. >> i think they need 50 plus the vice-president to pass this and we have four right now saying they're holding out.
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what are they holding out for? they're vague what it would take for them to vote for this bill. we've seen a lot of conservative commentary from those who have been opposed to obamacare all along. they're saying don't call this obamacare repeal because it's not obamacare repeal. if subs did hes go under obamacare to people who have-- make 400% of the poverty level and we change 350, that's tweaking obamacare. these senators have not said exactly what they want. stuart: i think they're in negotiating mode, byron. >> absolutely. stuart: they're going to take a hardline stance, but i think they'll come back if not them, maybe some democrats will join. and stay there, i've got to deal with something else for a moment. rand paul, senator paul says the senate bill didn't reform much of anything. listen to this. >> my fear is when i look at
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this, i keep reading it and it's like, it sounds like obamacare to me. doesn't sound like obamacare light, in some areas it may be obamacare plus, on the subsidy side. stuart: all right. joining us now, betsy mccoy, former new york lt. governor, author of "beating obamacare", the word repeal occurs, repeatedly throughout this bill. it repeals the individual mandate. you will not be forced to buy health insurance or pay a penalty. it repeals the jobs killing employer mandate. so that hundreds of thousands of people who have been demoted to part-time status so their employer could avoid the mandate will now be able to work as many hours as they can. stuart: taxes. >> the most important of all. it repeals virtually all the obamacare taxes, including that insidious 3.8% investment tax surcharge and the so-called medicare payroll tax, the funds of which do not go to medicare
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at all. stuart: i think rand paul's main objection is to the subsidies and payments going to the insurance companies, they stay. >> yes, it is a new world here in terms of the public's expectation that people who buy in the individual market below a certain income level will get some sort of government assistance or tax break. that is true. stuart: and that's staying. >> that is staying under this bill and under the house bill, but let me point out the other critically important reform. medicaid, the nation is about to be drowning in red ink because of medicaid going like this, 74 million people enrolled and the costs are escalating. it's far more entitlement crisis than medicare and this bill provides a solution to that. stuart: it slows down the rate of increase in medicaid. >> and provides incentives for states to pend money more wisely on medicaid, delivering care. stuart: summing up, if your
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opinion, this is obamacare repeal and replacement. >> it is and it's step two. step three is the conference between the house and senate and bringing a final bill to the president's desk and don't let those members of congress go home until they do it. stuart: all right, betsy, i think we know where you stand. thanks for joining us. check the futures market, where are we going when the market opens in 23 minutes? i'll tell you, we'll be pretty much dead flat, maybe a slight loss for the dow industrials, but the s&p up a little. more retail ice age. look at this, bed, bath and beyond they're going to be way down at the bell. weakest sales, that is the retail ice age. bed, bath and beyond, 10% lower. and the restaurant chain sonic, that's going to be done. pretty much the same story, weak sales as well. they'll be down 2%. that's sonic. >> how about the price of oil. at or close to a 10 month low. $42 a barrel this morning.
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that means, and i think i'm going to be right on this, gasoline is coming down. >> woo hoo! >>. stuart: thank you very much. 2.27 is your national average. cheapest states for gas, south carolina, a buck 94. oklahoma, buck 98. and alabama $2 even and gas buddy tells us the cheapest gas in the land a food mart, oklahoma city, pick up a gallon of regular for $1.68. you know what? >> what. stuart: i'm going to be right. >> stop laughing. he-- he said one week from today it will be $2 and lower. liz: does that mean you're getting in the van and dreefg dreefg-- driving there and going to mcdonald's for your 60 cent cup
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of coffee. >> thanks, we've had production falling, that's why oil is up today. i wouldn't head to mcdonald's yet, i'd wait until next week. stuart: welcome to the show straight ahead. [laughter] i've got to get back to politics because that's what we're about, politics and money. president trump speaking about nancy pelosi on fox and friends this morning. roll tape. >> i hope she doesn't step down. i think that it would be a very, very sad day for republicans if she steps down. i'd be very, very disappointed if she did. i'd like to keep her right where she is because our record is extraordinary against her, but we'll see what happens. there has been a lot of talk about her stepping down. we'll have to see what happens. stuart: byron york, you've got to laugh, but you tell us, how long do you think that nancy pelosi lasts? >> the president is pelosi's biggest supporter. we know a lesson from the georgia six race, republicans
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to came down working on that race believing the attacks on nancy pelosi, their attempt to collect john ossoff to nancy pelosi were very, very effective. they think that the democratic brand is just toxic in some parts of the countries and nancy pelosi is the personification of that. you heard some republican consultants saying, please, nancy, don't ever retire and the president doing a little bit of trolling right now, but there are democrats who are unhappy with nancy pelosi, kind of agree with republicans, and we saw a very defiant nancy pelosi yesterday saying i'm not going anywhere. stuart: we're going to run that sound bite later because it was frankly extraordinary. byron york, thank you for joining us, have a nice weekend. >> thank you, stuart. stuart: coming up, instant million fairs-- millionaires created overnight. nba draft. 16 college freshmen taken in
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>> friday morning, 9:14 eastern time. where is the price of gold? i'll tell you, 12:57 up eight bucks in the early going. a new director of the "star wars" movie, the last two quit very suddenly. who is it? >> it's ron howard. it's an interesting choice. hollywood veteran academy award winner, but look, this is going a create a production delay for this. it's the untitled han solo film. and there were creative differences, the death nell. disney has put in a lot of money in the "star wars" movie, and the spin-off for the
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merchandise, you've done those segments before. they're looking for a 2018 release date for the unnamed movie. and two films have been shot and switch directors from two millennials to ron howard. stuart: i wonder if the series has run its course. has the franchise run its course? tired out? >> it might be. stuart: that's what happens in old age. yesterday, president trump hosted a tech summit, much of it was about drones. the ceo of the drone company called measure, he was in meeting. so, welcome to the program, good to have you with us. >> good morning, stuart, thank you for having me. stuart: this was all about new emerging industries, drones being an emerging industry. give me a list of how you use drones in your company measure. >> sure, well, measure is one of the largest drone service operators in the country. we're working directly with the fortune 500 in a couple of
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different verticals, energy infrastructure and-- >> hold on a second, that doesn't mean anything to me. are you telling me that drones fly around cell towers to check it out. >> we're driving around cell towers and taking 3-d models for verizon and at&t and preventing folks from climbing up on the towers. it's a very dangerous job. stuart: okay, pipelines, checking solar panels, that kind of thing. anything you can do from the air, you do, i take it. >> you've got it. we're working right now with a companies, one of the largest power companies and we're identifying dead panels, improving the process and saving money. stuart: can you tell me the growth rate of your business at measure? >> we've been growing since june of 2014 when i founded the company with robert wolf. we have about 50 employees now, office ins d.c., los angeles. it's a growing business and i think as the president said yesterday, it's about hiring more pilots for us, and
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actually making sure the pilots are vets. stuart: but you want regulations, don't you? i mean, it's kind of a loose area at the moment. if you're going to really expand, you want to know the rules going in, is that your position? >> yes. i think that as a company, we always have a safe legal and insured standard training our pilots to be the best they can be and be professional when they're out there. we often time exceed f.a.a. regulations. we're looking to do things beyond visual line of sight operations which we can't currently do. stuart: after the meeting in the white house, do you think are' going to get that flexibility from this president? >> i was very impressed, the president was there, the vice-president was there, the secretary of commerce and deputy secretary of transportation was also there and spent hours talking to people like me, drone experts about what we can do to make those regulations more flexible, grow the industry and make sure america is number one when it comes to drone. stuart: real fast, you don't
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make the drones, you use them as a service. who does make them? are they made in america? >> sure, there are companies that make drones in the united states and also in china that make drones. if you look across the industry, there are thousands of companies making drones right now. we use the ones that work best for our customer. stuart: all right, brandon declet, let us know when you're going to do an ipo. >> sure. stuart: so you're going to do it ipo? not enough time for that one. the question, is amazon getting too big, too powerful? later this hour, a guest who says the company could be a monopoly. raiders quarterback derrick carr signs a record breaking contract, 125 million for five years, not all of that money is guaranteed. find out how much is guaranteed after this. [vo] when it comes to investing,
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instant millionaires, 15 freshmen taken in the first round, that's a lot of instant millionaires. the raiders quarterback derrick carr agreed to a five year contract extension worth $125 million over the life of the deal. the important part, the young man gets a $40 million guarantee at the signing. no matter what, he makes 40 million. kim kardashian, her new makeup line sold out in under three hours. 300,000 kits sold, an estimated revenue intake of $14 million. nice work if you can get it. yesterday, we had commerce secretary wilbur ross on the show. i asked him about amazon, is it getting too big, too powerful? here is what he had to say. roll tape. >> i haven't seen anything that amazon has done that would qualify remotely for anti-trust consideration. stuart: and that's what a lot of people say. you can't get them on the anti-trust rules, but i wonder
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if there will be a political kickback with their power. >> i don't think so. i agree with the secretary on the point they're getting into different businesses, but i don't see conflict, especially from any kind of government action. football and food. you buy whole foods, you're going to stream football, those two do not overlap with each other except in our home in a very good way. stuart: you could say their on-line selling dominance is a form of min monopoly, but that's a bit of a sketch. liz: i agree with cheryl. you can see the eu going after amazon at some point they're all about private small businesses, they don't like it when they have big american giants coming in and stomping on their businesses and they hate that, but amazon is so big, even fed president of the chicago fed charles evans says we're now looking the an amazon because it's keeping inflation though in groceries and retail. we're talking about deflation. the fed, remember, they want to
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hit the 2% target of inflation in order to raise rates. if amazon is that big and powerful force to keep rates low, inflation low and then rates low, interest rates low by the fed. stuart: that's fascinating. liz: a big deal. stuart: a fed president mentioned amazon as a way of keeping prices down and that factors into interest rates? >> i'm going to add one more thing and i know we have to go. it's great for small businesses. no better way to get your product out there than to amazon than a huge audience. i think it's a win-win. stuart: where we're going to open the market in four and a half minutes time. down a fraction on the dow industrials and on the other indicators as well. the price of oil is going to be important this morning. still around $42 per barrel. not great for stocks. it would be terrible if it dropped further. but we will open that market just over four minutes from now and you'll be there to watch. ♪
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actually open on the downside. we're expecting a loss of 20, maybe 25 points on the dow industrials. in a moment we'll be looking at the bank stocks and health stocks and as always big tech. we're of and running and we're down. 16, 15 points, 15 points down. not all opened up at this point, but we are seeing a downside trend in the very early going this friday morning. the dow is at 21,300. plenty of red on the left-hand side. joining us today, cheryl casone making a welcomed return. liz macdonald and scott shellady. we've got the bill at the senate and we're promised tax reform soon. jeff, i say we're off and running and it's a positive thing for the market.
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>> here is the thing, there's been a lot of rhetoric and on the stock market and the economy. enough with the rhetoric, we have to get action and we have some deadlines coming up. they have to work hard to get them. not spend the summer working at the beach, but stay. stuart: you want them to stay. >> they need to stay. liz: and look at the stocks that could pop if obamacare reform. we knew it was going to happen. obamacare exploded on the launch pad. it took too long to reform and fix it. if he gets this done, you're right, the horse is out of the barn. stuart: scott shellady, you've said this market is a show-me market. show me health care reform, she me tax cuts, are you happy? >> not really. i don't think they should have started number one. but number two, i don't trust things when i see the health care insurers happy.
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it makes me leary when they're happy. the stocks are rallying and i think they're rallying because they don't think it's going to go through. i'm suspicious. there's going to be a ton of rhetoric, i don't like the idea we started with health care, we should have done taxes first and let obamacare fail and come in and save. conservatives aren't going to get credit for saving everybody, that's the problem. stuart: look, i think the insurers rallied because the government under this health care plan, cheryl, is going to stick a whole bunch of money into the insurance market. >> scott, no offense, i think you're looking at short-term, long-term. it's not just health insurance, it's hospital companies, drug makers, look at biotech opportunities right now. there's a full, you know, all of these groups together don't rise just because there's some thinking the whole thing is-- i don't buy that. stuart: jeff sica wants another
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word in. >> a lot of these health companies like aetna make made on the medicaid expansion and that's very much on the table so i don't know what this optimism is about health care, but it's unwarranted, completely unwarranted. >> i agree. stuart: and a slowdown in the rate of increase, get that straight. that's why they're rallying. j.p. morgan says wal-mart could still come in and counter amazon's bid for whole foods. that's interesting. what do you make of this, scott shellady? >> yeah, well they could come in and do it, but bezos will one up them. he wants it. i don't know if wal-mart wants to get in a fight with bezos because if they do, i think that bezos is going to win. they could outbid him, but he will ultimately get it because he wants it. stuart: i like the way wal-mart has gone up. >> wal-mart is a johnnie come lately. they should have bought whole foods when they had a chance. and amazon is a better fit. wal-mart should look to buy
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somebody else in that space, but i don't think it's going to happen. >> they bought jet.com already and they've got the delivery platform, the on-line platform, they need to utilize it. i wouldn't count out wal-mart yet. stuart: would you buy wal-mart stock at 75? >> no, i wouldn't. amazon has a war chest $20 billion for this acquisition. wal-mart is not focused on that, this is not what they want to do. this is all, yet again, rhetoric, it's not going to happen. >> i agree. stuart: to the retail ice age, that's our story, that's our theme. look at this, bed, bath and beyond, weaker sales and the stock is down 11% at this point. would you buy bed, bath and beyond? >> no, this will be another casualty. they're about to take their last breath. stuart: wait a minute, i shop, bed bath-- that was beethoven's fifth.
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>> and they sell 50 different candles, a lot of useless stuff you could stop for on the internet. ♪ >> "varney & company" slams it on the ice age. get your two cents in, scott, come on. >> the foot traffic and store traffic has gone down faster than the on-line traffic has gone up. it's a lot bigger. as long as that's the case, it's hard to come out of this death spin. stuart: here is another aspect to the retail ice age, and that's shoplifting. there's a new study, it's called inventory shrinkage, the polite name for stealing stuff in a store. well, it's gone up to 48 billion dollars worth of shrinkage, shoplifting in a year. liz: they're calling it inventory shrinking. on the street, shoplifting is called the five-finger discount. the shoplifting incident, dollars stolen, 800 per incidents. stuart: oh. liz: people stealing. that's more than double than
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2015. worker theft, too, retail worker theft, their shoplifting more than doubled. $1900 per incident, up from september of 2015. stuart: that's another negative for bricks and mortar stores. you can't shop lift if you're shopping on-line. i haven't thought of that. >> you could steal a credit card. stuart: welcome to the show, cheryl. [laughter] >> take a look at the banks, they've gone through stress tests, all of them have passed. what's the significance? >> 34 banks passed the stress test and next week they've looking at the capital, do they have enough capital. you know what the end game is here? the banks are fine. all is well, they're in good shape and donald trump now has more ammo to pull back regulations on the banks. this is a win for the president. stuart: that's dodd-frank, more pulling back on dodd-frank. >> yeah, get rid of dodd-frank. stuart: the dow is down 40. let's check the big board,
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still at 20,358. that's where we are. it seems like we've been talking about uber's troubles all week long and way before that as well. scott, does all of this drama put going public for uber way into the back burner? >> yeah, i think they're going to have to find their footing with a new leader, as muches a the old guy leaving and having a lot of folks want him back in. i think there's something suspicious about that as well. in armed forces the familiarity breeds contempt. he think he was too friendly with everybody and lost his leadership and investors saw that. they're going to need to find the footing for some type of ipo and that's going to push it off into the future. stuart: cheryl, do you think they can come back and restore the 70 billion valuation? >> depends who they hire as ceo. they've got several open management positions. stuart: that's all it is? all they need is a new leader, that's all you think it is? >> well, and a culture change. stuart: exactly. >> that has to come from the
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leader first. that's a long row to hoe. i think if the bankers are smart, a lot of technology companies, a culture problem can take down a technology company because tech is all about internal culture. stuart: that's interesting, a culture problem can take down even a tech company. do you agree with that, lizzie. liz: absolutely. they're known for the frat boy culture. stuart: amazon reportedly to charge $2.8 million for nfl ad packages. let me get this right. i believe that means that when there's a nfl game like a thursday night game on amazon and it's streamed, advertisers will pay 2.8 million for a 30-second spot. have i got that right? that's accurate? >> right. stuart: that seems like a lot of money. >> the networks are $500,000 somewhere around there. but keep in mind, amazon, we don't officially know how many subscribers to amazon prime, speculation there's around over
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50 million subscribers, so, they're also, keep in mind where the advertising is going is very product directed. so it's a much greater bang for the buck for the advertisers, to get it on-- >> is that the way football and sports are going? >> well, it's smart for amazon, they pay 50 million for the streaming rights to the nfl thursday night games and they've got to do is raise the prime buck and that covers what they paid for. stuart: they paid $50 million for the right to stream. liz: now this'll charge for ads. stuart: over 2 million for an ad, sounds like a profit margin. >> and the cable companies have to be very, very concerned about this. >> and then get your whole foods delivered during the game. stuart: right. tesla talking to-- let me get this right. tesla is talking to the music labels about creating its own streaming service. liz: you know, i don't know. can tesla find more ways to set
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their cash pile on fire? they've got about $3 billion in cash. >> i agree. liz: about 15 billion in long-term debt. their debt swamps their shareholder equity. they've got spotify in cars sold overseas, why do they need to spend money for buying the streaming when they've got ventura, apple doing it. they've got to build charging stations for their cars. stuart: and keeps on going on. liz: he is a rah-rah p.t. barnum. he comes out like this, rah-rah. >> i want a car company to be good at making cars. he's gone off on the energy sector. at the end of the day there's commoditization of what is in your car. is reminds me of blackberry. yeah, it might be better, but
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it might not be wanted. stick to making good cars and leave that other stuff alone. stuart: when are you going to come back to america? you're not going back to illinois. >> illinois won't be there, some of it will be iowa and indiana. stuart: there'll always be big ben behind your shoulder. thank you very much to jeff and scott, great performance on a friday morning, good stuff. thank you. where are we? we're down 37 points now, 21,359, got it. restaurants, new york state, had a problem. one thousand locations shutting down just last year, possible reason? the rising minimum wage. full story on that coming up. and businesses in baltimore suing the city over the freddy gray riots. why? they say the city didn't do enough to stop the violence. more on that in a moment. this lovely lady has a typical airline credit card.
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so she only earns double miles on purchases she makes from that airline. what'd you earn double miles on, please? ugh. that's unfortunate. there's a better option. the capital one venture card. with venture, you earn unlimited double miles on every purchase, everywhere, every day. not just airline purchases. seems like a no-brainer. what's in your wallet?
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>> all right. down almost 50 points. 13 minutes into the trading session, 21,349. look at alphabet. truly astonishing numbers on the youtube service, nicole, i've described them as astonishing. tell me what they are. nicole: so many people are using youtube, watching youtube, whether you use other google products or not. 1.5 billion people logged into youtube each month to watch videos. they're using metrics to see how much everybody is using youtube. it only shows you how important video is, especially on mobile. it is huge money potential for advertisers, and it shows that the video content really has central to growth. you watch one hour which stops you from watching four hours. it's much like watching
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television. with that now, everybody wonders, a short time ago advertisers were pulling out of youtube, they were concerned that their ads were next to objectionable videos and now advertisers may be rethinking this one. >> they're watching for an average of an hour a day, video, an hour a day. thank you, nicole. truly astounding numbers. new york state's restaurants are hurting because of a rising minimum wage. details, please. liz: and the minimum wage is set to go to $15 at 2019. and they started raising wages and the mom and pop restaurants. even though the growth in the jobs industry was on the upswing between 2010 and 2015, once it was put in new york state, jobs went down. they went higher, so the number of restaurants that are getting
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hit by that, you know, aconsidering to the report, they already lost a thousand restaurants last year. >> they lost a thousand last year. >> mostly in new york city. >> and plus, plus, rising rent, that's the other thing in the restaurant. stuart: that doesn't help. liz: we saw the same story in the san francisco bay area when the wage went up. stuart: and in seattle. all week long, we have been talking about amazon at whole foods deal. here is a quote from an op-ed in the new york times. think of amazon as a 21st century version of 19th century railroads. joining us is the author of that article with the new america open markets program. lena, welcome to the program. >> thank you. stuart: i don't think you can use anti-trust legislation to go after amazon. how would you, how could they be reined in the way that we reined in the robber barons a century ago. >> a good question.
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traditionally when we have dominant companies who are abusing it, we've broke up the power or regulate it. we have this similar with amazon, either separate the lines of business that are causing conflict of interest. stuart: who would do that, who would break it up? by what authority? >> you would do it either through the justice department or federal trade commission. stuart: they would be charged with operating a monopoly before breaking them up. >> you would have to prove that they're a monopoly and abusing their power. the railroads at the top of the show, it was the commerce act. and fair and equal access. you can mantel a similar regime for amazon ensuring the producers and sellers relying on its platform are able to do that on a fair and equal basis. stuart: do you think we should rein them in and/or break then up? >> i think we're reaching an
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inflection point where we'll have to grapple with that as a society. amazon controls 43% of all on-line sales. prime members i think around 80 million at this point. 60% of all on-line stopping searches begin on amazon and i think in many ways-- >> should they be punished for a brilliant business model which is wildly successful and brings down prices to are consumers? >> i do not deny it's a brilliant feat of innovation in many ways. amazon pioneered internet retail. but remembering in certain records it's built its dominance through certain kinds of predatory conduct. stuart: give me an example of p predatory conduct. >> it was diapers.com, and then it squeezed the company and purchased it. stuart: therefore, i'm with you. but to go after amazon would be a political decision.
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not a market decision, not an economic decision, but a politician would have to instigate this? >> i think all decisions are political in so far as the government bringing them. this is good reason to think this is causing economic harm. a lot of the small businesses that are dependent on amazon are terrified. in many instances amazon is not only serving as a platform for them, but competing with them and there's a lot of terrific reporting both by bloomberg and wall street journal that shows that amazon conflict of business, it uses that information to go head to head with them undermining them on price and expanding its own sales at their expense so these are forms of conflict of interest that traditionally we recognize as anti-competitive. throughout american history we've had companies that achieved remarkable dominance and produced technologies, but we as a society needed to address the power that comes
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with the technology to ensure that it serves the public. stuart: i'm reading between the lines. you really want to go after them, don't you? >> i think there's good evidence that amazon has been abusing forms of conflict of interest that-- >> do you own the stock? >> no, i don't. stuart: lena, you make a good argument and we appreciate that. thank you. check that market scan is what we call it, all 30 of the dow stocks displayed on the left-hand side of the screen. a bit more red than green and the dow is down 41. businesses in baltimore suing the city. they say officials didn't do enough to stop the violent riots after the freddy gray shooting. we'll deal with that in a moment.
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you'll be able to choose any doctor or hospital that accepts medicare patients. whether you're on medicare now or turning 65 soon, it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. >> 24 minutes in and we're down 40 points. next case. samsung is in late stage talks to open a factory in south carolina. what is it going to make in the factory? >> well, a $300 million investment in the south carolina plant. of course, that's going to bring jobs. they've been killing it when it comes to appliances and that's where they see the future and they've been doing very, very well. this factory will be refrigerators and washers and dryers, thinking to think how many i own, several.
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frankly it kind of hurts the american manufacturers, if you will, but they're produced in the u.s. and foreign company producing their appliances. stuart: interesting, they're not going to build smartphones here. neither is apple. dozens of business owners are suing baltimore. they say city leadership failed to protect them and their property during the riots of 2015. give me a report, tracy. >> now, these are the riots that started off 25-year-old freddy gray died in police custody. now, more than 60 business owners whose stores were damaged or destroyed, they're suing the city because they said the city didn't do enough to stop the riots and do their job. and police, city, county, state of this. and the mayor didn't step in soon enough to put in a protective order to keep the
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businesses safe and residents safe so the rioting. stuart: i've not heard a case like this before. where you sue the city because they didn't act to protect your property. liz: it sets a precedent. stuart: it sure would. if there's any other incident like this, the city will be on the hook for damages if they don't do enough to stop it. good story, tracy. thank you very much indeed. obamacare collapsing, it's finished. if you're a republican senator, will you be the one to vote no on the bill? will you? my take on that is next. [vo] when it comes to investing,
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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 . . . . stuart: suppose you're a republican senator, are you going to vote no? it is crutch time, you have to
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vote. would you want to be the republican who is no vote kills health care reform, ruins the president's growth agenda, destroys the gop, as a party, that can govern and keep as disasterous system in place? are you going to do that? probably not. think about it, obamacare is collapsing. it's done, it's finished. there has to be a replacement. the democrats won't do it. president obama says the republican plan will do you harm. nothing can change the fundamental meanness at the core of this legislation. that is the democrat position. oppose, block, resist. the left has no replacement plan at all. there has to be a replacement, it is republican party that has to put to put it in place. as of this morning four republicans have big problems with the senate plan. they are against it in its present form. they will negotiate, they will
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arm-twist, horse trade, suggest changes, then comes the vote. at the end of the day it is very hard to see them killing the whole thing. so you're going to see intense debate and a lot of brand standing. my question stands, would you want to be the republican senator whose no vote sticks it to america? the second hour of "varney & company" is about to begin. ♪ stuart: let's get, laughing still. get to your money. we're getting the latest numbers on new home sales. liz: wow, up, now 610,000. they were looking for 597,000 on annualized basis. watch the homebuilder stocks. they are likely tip more into the green.
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see to brothers action right there. -- toll brothers. home prices have been on a steady five-year, year-over-year rise. stuart: you have a number on new home prices? liz: we'll get the dollar amount shortly. the median price was 252,800. that is over all prices. stuart: 345 houses? liz: for new. for existing, 252.8 k. overall. stuart: that is a strong number. it hasn't yet affected the big board. check it please. we're still down 25, 30 points, 21,364. maybe the market hasn't digested that real estate number. 2.9% jump in new home sales in the month of may. not bad. new check names -- tech names. sorry, i will start with bed, bath & beyond. that is dramatic. down 10% on that stock. weak sales.
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this is retail ice age at large. one of our market watchers earlier on this program said, bed, bath & beyond's days are numbered. i think that is overdoing it a little bit. liz: yeah. stuart: i think it is overdoing it. but he said it. the stock is down 10%. look at finish line. that is a chain of sneaker shoe sellers. their top shareholder has increased his stake in it and it is up 9%. not all bad news for retailers, i got to tell you. barnes & noble loss less money yesterday. that was reported and the stock is up 8 1/2%. the price of oil has been affecting the stock market, not so much today. $43 per barrel. that is where we are. let me get back to the editorial at the top of the hour. i took a strong line. four gop senators opposed to the new health plan. here is what president trump had to say about that. roll tape. >> there are also four good guys and four friends of mine. i think they will probably get
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there. we'll have to see. very complicated situation from the standpoint, you do something good for one group but bad nor another. it is very, very narrow path, but i think we're going to get there. we have four very good people that, not that they're opposed. they would like to get certain changes. and we'll see if we can take care of that. stuart: joining us now, congressman jim jordan, republican from ohio. i think -- good morning, sir. i'm sure you heard my editorial at the top? >> yeah, i did. stuart: i don't know why you're still laughing. but you're still laughing. that's good. i wouldn't want to be the republican senator who says no, that kills the whole thing. i don't want to be there. i don't like think they will be ones that get there. >> they're good friends of mine and conservative lawmakers know what needs to happen. in the end we'll get a bill because we told the american people we had to do something.
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talking about meanness, one thing that is mean what obamacare is doing to the cost of premiums. focus on bringing those down, exactly what we in the house freedom caucus and the house sent the bill over there. i think in the end we greet an agreement and get a bill that relieves some of the things happened to american people because of obamacare. stuart: a lot of obamacare is swept away with this bill. >> yeah. stuart: the taxes are gone. mandates are gone. many employer mandate is gone. a lot of stuff that just goes. you can't say that it keeps obamacare as obamacare light? >> well, the amendment that senator cruz is pushing, if that goes in, it is would be really good. this amendment is consumer freedom amendment which would basically say, insurance companies as long as they offer one plan that is compliant with all the regulations that are in obamacare, then they can offer other plans that the actual consumers and families and individuals want. that would be great. if that amendment goes in i
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think senator cruz will be supportive. that is what he is pushing. it is a great idea. it empowers families and empowers individuals what we told the american people what would we be do to get rid of the law. stuart: at the end of the day i think it passes one form or another. i can't imagine it will be voted down completely. having said that, that would seem to set the stage for a nice run attacks reform. i mean, you're off, running, the wind is in your sails. i think things are looking postively, frankly. >> i agree. let's get this done. let's lower premium. protect the pro-life language. send this bill back. do the consumer choice option, those kind of things are great, if we go to conference we'll do that but let's get it done. move on to tax reform and keep the economy moving in the right direction. stuart: okay, you and a couple of your colleagues wrote an op ed on foxnews.com. it is called trump russia probe
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gets special counsel but not hillary, not irs. time to investigate the investigators. what kind of chance do you think you've got there will be special counsel on hillary? >> we should have hearings in the judiciary committee. remember what james comey did. at the direction of the attorney general, james comey misled the american people when he said it was a matter not an investigation. hillary clinton is under investigation. he calls it a matter. knew it was wrong. did it willfully, intentionally at the direction of the attorney general. that is not supposed to be how it works in america. this year he misled the american people again when he furthered per essential that donald trump was under investigation when in fact he wasn't and had been told three times by james comey he wasn't under investigation. so when you can not have the justice department of the united states misleading the american people on issues like this. but james comey, loretta lynch did that very thing. so let's look at that, even dianne feinstein has said we should have hearings.
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we should look into what took place between lynch and comey, what they communicated to the american people. stuart: the election was last november. it ain't over. >> that's right. stuart: president trump says he does not want nancy pelosi to step down as house minority leader. hold on for a second, jim, just listen to this. >> i hope she doesn't step down. i think that it would be a very, very sad day for republicans if she steps down. i would be very, very disappointed if she did. i would like to keep her right where she is because our record is extraordinary against her but we'll see what happens. there has been a lot of talk about her stepping down. we'll have to see what happens. stuart: the president kept a straight face but you and i are not. >> yeah. we'll let their too many figure out who they want to coach it. what we have to focus on doing what we told the american people. let's stay focused on that. good things will happen for republicans. more than that, good things happen for the country. stuart: jim jordan, got it. members of nancy pelosi's
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own party are speaking out. some are asking her to step down. listen to this. >> leader pelosi, looking forward to the 2018 election has to ask herself this question, do i help democrats win swing districts which we need to win in 2018 or do i not? have an honest dialogue with herself and i just, i think the answer is obvious. >> the answer is obviously she should go? >> he oh, i think that if we are going to win, regain the majority in 2018, we have to have new leadership. stuart: spelled it out plain and simple. joining us now fox news contributor tammy bruce. you're, looks, seems like the pressure is mounting within the party. when does the pressure burst and she leaves? >> i would love president trump's response. he is the best troll in the world, barely suppressed grin. it was georgia race. people say why, they have lost
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so many seats in the last eight years. she has been a disaster for so long, why now? that was the race where in fact handel arguably won because they tied ossoff directly to pelosi. her strength is she raises money. $24 million for mr. ossoff, a lot from san francisco and her district in that area. the question becomes, it is proven in georgia, raising that money doesn't matter if your message is correct. part of her job is messaging. not only we'll give you money but what do we stand for, who are we? in the last eight years they stood for barack obama. he is gone now. they have no answers. she certainly doesn't have them either. stuart: i don't think the democrats have worked out how to deal with president trump. they tried contempt and hatred and blocking. i don't think any of that is working. >> because it is not about, trump won by standing for something, not by standing against something. the american people vote for things.
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they don't vote against things. we've known this for generations of course. the democrats though, because there is a real void in what they stand for, they certainly don't want to stand for what bernie sanders stands for. they don't understand now what happened now that barack obama's gone. hope and change is not a real thing. they really are at a loss. this is why new leadership has to come in and reform, not just getting rid of her as a person but reform the message and have a new one. stuart: actually a trump victory. liz: it's a trump victory. repudiation of one size fits all socialism that the democrat part is. tip o'neill said politics is local. democrats, this is not our parents' democrat party anymore. they don't get new england and north even moderates. stuart: i'm a refugee from socialism. that is the truth, i am. tammy, you're staying, aren't you? >> i don't know. whatever you want, sir. stuart: i will figure it out in the commercial. >> that's right. stuart: check it out, ladies and
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gentlemen, the newest tourist attraction in japan, riding around in go-carts. they dress up as mario cart characters. big deal in japan. here is coming up, robert murray, ceo of murray energy, suing left-wing host john oliver, comments he made about his show this past sunday. he joins us with details on that. a bat signed by babe ruth and lou gehrig, up for auction the you won't believe how much it is expected to go for but you are watching the second hour of "varney & company." ♪
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stuart: robert murray is a coal guy. a frequent guest on this program. he is suing hbo's john oliver for defamation. mr. murray is the ceo of murray energy corporation. robert, spell it out for us please. why are you filing this lawsuit? >> good morning, stuart. as you have already pointed out on your very good program we have become a very polarized, vitriolic society where civility, respect an honor often are simply just trashed this is the case in time warner's and home box office's attack on me. our company and coal. time warner, home box office were behind this. they ignored the truth. which we gave them twice in writing. and, which we discussed with their lawyers for an hour 1/2 the day before they broadcast their lying statements. stuart: what was the lie?
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what did they say about you that was not true? >> well, all-americans, including all businessmen must be very concerned about what's happening here. i spent a lifetime creating good american jobs, and advocating the very best safety for our employees and industry and obeying the law. our lenders, our customers, our regulators and our public depend on integrity and accountability and what they did in answer to your question, stuart, is lie about everyone of those items. we can not allow these radical elitists in their, and their broadcast operative who you mentioned who lives in a 10 million-dollar new york apartment, to destroy the credibility and integrity of our good job-creating businessmen in this country. you can destroy people with words, and these liars know this. stuart: you're a trump supporter. you're a coal guy.
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you must know that there is a target on your back? >> there is and since this broadcast murray energy and our employees have been harassed and damaged every day since that broadcast, of these deliberately untruthful and concocted statements. they did it to defame our employees, me and others in the coal industry and they also defamed 30% reliability needed by coal-fired generation in our power grid. we'll pursue them to the fullest extent, stuart. i have 6,000 employees and there are 72,000 jobs that depend on them for their lifetimes. we'll pursue it to the fullest. this is a tragedy and american businessmen had better take note as to what they are trying to do with me, a guy who has done nothing in his life follow the law, create jobs, and do everything i could as best i could for our country.
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these people are evil. they are very evil. stuart: robert, we will, we will follow this. we'll see what progress you're making in your lawsuit and other side too. robert murray, everyone, thanks for joining us, appreciate it. strong stuff. we have uber, continuing their search for a new ceo. two potential candidates, sheryl sandberg, arianna huffington reportedly saying no thank you. we're on that story. president trump hosting a roundtable on drones. they're everywhere. we'll bring a couple on the set. we'll be back. ♪
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stuart: uber need as new ceo. does sheryl sandberg, who runs facebook, does she want the job, cheryl? >> reportedly does not want the job. she is happy at facebook. arianna huffington, who is abu per board member, her name is on the list. the board approach her about it and she said no. the board wants a woman. the culture of sexism has been an issue at uber. i say as a woman, does a woman in the ceo job actually fix that? i don't think necessarily. stuart: fair question, isn't it. you have got sort of a culture which is, it doesn't work in this day and age and it is abusive. how do you change it? do you change it with a woman at the top? is that the next? >> i'm not convinced it is. i say this as a woman.
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i have a feeling that sheryl sandberg, author of lean in and others, knows this. it is not about gender. it is about who you are as a leader. it is about who you are as a manager. they have to get the right manager to fix this already, who takes over the job as ceo will be a multimillionaire, i say if, but when company hits the ipo market. so i think alan mulally would be a great choice for that job. i have no idea if he wants it. disney ceo. stuart: other side of the coin, there is another side of the coin here. over 1000 employees asked uber to sign a petition to get travis kalanick reinstated, more than 1000 signed this petition. liz: reinstate him in operational mode role.
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maybe he can evolve into leader we need. stuart: the company really changed transportation significantly worldwide. >> they have to act. they have competition on their heels. lyft is crunching into uber's business. stuart: market come back a bit. we were down 40. down 18 points. pretty much a go nowhere friday morning thus far. a revolt against nancy pelosi, one democrat said they will never win a majority in the house with her as speaker will tell us how much in taxes are really being cut. ♪
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♪ stuart: what is the music? >> december. liz: earth wind and fire. stuart: that i knew it. i knew it. that is earth wind and fire. liz: you did? stuart: we're checking big board. down only 14 points. we've come back from a 40-point loss. bed, bath & beyond, seven-year low for that stock. weak sales. last night several investment firms cut their price on the stock. now it is down 11%. now this. the gop rolled out a new health care reform package in the senate. former president obama took to facebook to voice disapproval.
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this is not a health care bill, a massive transfer of wealth from middle class and poor families to the richest people in america. it hands enormous tax cuts to the rich and drug and insurance industry paid for by cutting health care for everybody else. grover norquist is with us from americans for tax reform. concentrate on the taxes. the bill before the senate i believe are rad kate all, i -- eradicate all the taxes imposed to finance obama care, that correct? >> hits about all of them. there may be one or two small ones that don't but they all go away. it is about 900 billion to a trillion dollars over a decade. it is a significant reduction in the tax burden. what the president said that wasn't true is what he said that wasn't true when he sold us obamacare, that only rich people will pay these taxes. the taxes we're repealing include obama's taxes on flexible savings accounts.
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stuart: yeah. >> that you can't use them to buy over-the-counter medicines. 30 million people have flexible savings accounts, and are damaged by obamacare taxes. those are going away. the taxes on health savings accounts, also, hit 20 million americans. this idea that obama, that somehow he was only taxing the kennedy kids and not theories of us was not accurate. it is about six million people, eight million people are paying that penalty tax because they don't want to buy obamacare because it is not worth what he priced it at, so they would rather pay a tax and penalty, millions of americans. those are not rich people. those are lower, middle income people damaged by obamacare taxes. those taxes on insurance companies, those are taxes on your insurance premiums, that raise the cost of your health care. these are the taxes that we're getting rid of, when we reform,
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reform health care and, block grant out to the the states medicaid so 50 states can do something more confidentially than the one size fits all washington. so president's repeating the lie he told earlier when he said he wasn't going to ask anybody earned less than 250,000 to ever pay taxes. it wasn't true then. it isn't true now. and getting rid of those taxes, the damage to the middle class is good for the economy, and makes tax reform easier to do. stuart: i just need to check a technical question. those taxes are only withdrawn, they only get taken away when the president signs the bill, is that accurate? >> correct. stuart: got to wait till then? >> yes. some of the tax cuts are phased out. they don't all happen the moment the bill passes but they are all, they go away, permanently. stuart: okay. now, i understand that speaker paul ryan may be pulling away
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from that proposed border adjustment tax. that is what we hear. i also hear that thing is dead frankly, dead. what say you? >> well, it's possible. the area of agreement on what we're going to do on tax reform is growing. we're going to get rid of the death tax. white house, senate, house. get rid of the alternative minimum tax. take the corporate rate down to 15 or 20. go to a a territorial system. outside of the zone of consensus right now is the border adjustable feature for the corporate income tax. it could in as delayed event, it could be there. but right now, if you have the list of things everybody agrees to which is growing longer every day as we move forward it is not there right now. but we're going to get to a bill faster than people expect because of the georgia win,
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because health care is moving along well, and because there is so much agreement among republicans on the tax cuts. stuart: now that is important. you're telling us that the growth program that president trump is proposing is actually in pretty good shape? up until now we thought, there is not a prayer we'll get it this year but you're now saying no, wrong. we're moving towards a tax reform, tax-cut package before everybody else expects. is that correct? >> yes. and again, when the republicans won four special elections and every single one of them the democrats came out and said we could win this one, with he could win this one. everybody hates trump. everybody loves obamacare. everyone of them they lost. the georgia race the democrats bragged was all about repealing obamacare. in a district that hillary clinton got 46% of the vote in, not overwhelmingly republican district. 47% of the people voted for
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hillary clinton in this district for crying out loud, then elected republican congresswoman now who is a strong supporter of repealing obamacare and reforming health care. that made a lot of republicans who might have been nervous because they read "the new york times" too often to say, oh, well, it is not what it is being projected, but add to that, whose -- the debate we're having now, four conservatives in the senate say, i'm not 100% on this bill, but talk to me. they have all signaled they want to get to yes. stuart: they're negotiating, that's it. >> yeah. stuart: grover before i close i have to tell you, you might have moved market we're making good progress on tax reform. we went from a minus 20, to plus 10. well-done, grover. you can come on the show anytime you like. >> okay. stuart: market-moving guy. thanks, grover. i will stick with the four conservative senators who say they will not support the gop
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health care reform bill in its current state. one of the four, rand paul, spoke to neil neil cavuto yesterday. roll tape. >> i keep reading this it sounds like obamacare to me. it doesn't sound obamacare light. in some areas it may be obamacare plus on subsidy side. stuart: don't like it. a bit like obamacare. mark serrano, former deputy campaign director for george w. bush. mark, i think he is establishing a negotiating position. it is not a final i'm never going to vote for this thing in 10,000 years. it is negotiating? >> you're absolutely correct. stuart, six days until the vote is scheduled for this bill. that is eternity in poll at this-making. i would say next friday will be a very good day for the markets because this bill will pass of the those four senators are doing us a service. they're holding us to conservative principles. i think president welcomes it. i think leader mcconnell welcomes it when we still have six days. he has a problem with the
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100 billion-dollar stabilization fund. he has a problem taking subsidies, converting them to tax credits. i think there is plenty of negotiating room on those big points. stuart: at the top of the hour i said i wouldn't want to be a republican senator who at the last minute said no, and kills the whole thing. i just can't see him stopping that. i can't see him doing that, mark, i'm sure you agree with me? >> i do and here's why. the real battle will be in the conference committee to reconcile the differences twine the house bill and the senate bill. frankly i think these four senators, one of their negotiating points really ought to be to get a seat on the conference committee. it may sound like a procedural step, that will be very important to have one of their voices in that conference committee. i think that is a point of negotiation as well. stuart: mark, i am going to run a sound bite again, we ran it earlier, i want to show you president trump, deadpan, face talking about nancy pelosi. roll tape. >> i hope she doesn't step down.
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i think that it would be a very, very sad day for republicans if she steps down. i would be very, very disappointed if she did. i would like to keep her right where she is, because our record is extraordinary against her. we'll see what happens. there has been a lot of talk about her stepping down. we'll have to see what happens. stuart: it is cruel, mark. that is cruelty. go. >> stuart, i want to be on the record on your show. i support nancy pelosi for minority leader for life. we need her to stay right there. the president's right. makes an excellent point. she is not going anywhere. look the people who said in last couple days that nancy pelosi should go, they won in november with 60 to 70% of the vote in their districts. they are very safe. they don't need nancy pelosi's money. so it is safe for them to say. they are lonely voices. democrat party has been hijacked by the far left. nancy pelosi is a function of that. it is helping them raise money.
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they're not going to change. they will not change their leader. thank goodness the president's right. stuart: you're on record, mark serrano. thanks for joining us this friday morning. marker is rain know everyone. >> thank you, stuart. stuart: now how about this? the "star wars" franchise getting a new film director. ron howard is stepping in to direct the new han solo movie. give me more on this. >> walking into a bit of a mess to be honest with you. disney and lucas films fired the original two directors over creative differences. 2/3 of the movie was shot. these are big movies to produce. they are filming in london your old hometown. they will change directors. they have done it. that could delay production. they don't know when the it gets up and running. stuart: my producer said original directors were trying to turn it into a comedy. >> phil lord, christopher miller, i never heard of them. they were encouraging
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improvising by the actors and making it more kind of loose sy goose sy. what are we in high school. put multimillion-dollar picture in hands of two, lienales? i don't i wouldn't. stuart: what have you got against millenials? coming up drones coming to the white house. you can imagine drones will be everywhere. we'll deal with it in a moment because they are coming. dems revolt against nancy pelosi. ann coulter will give us her take. don't miss that. c that is next hour. 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.
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♪ liz: last hour we spoke with jeff sica of circle square investments about the price to advertise on amazon. here is what he had to say. roll tape. >> that's a lot of money but on networks, the networks are about 500,000, somewhere around there, but keep in mind amazon, we don't officially know how many subscribes there are to amazon prime. the speculation is there is around over 50 million subscribers. so, and they're also, keep in mind, where the advertising is going is very product-directed. so it is a much, it is a much greater bang for the buck for the advertisers to get it on amazon. ♪ ♪
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time's up, insufficient we're on prenatal care.es. and administrative paperwork... your days of drowning people are numbered. same goes for you, budget overruns. and rising costs, wipe that smile off your face. we're coming for you, too. for those who won't rest until the world is healthier, neither will we. optum. how well gets done. stuart: we should cue the organ music for this. thank you. more stores, 18 stores and two kmart locations are gone. the stock -- up 13 cents, nearly two%. got it. blackberry down big. weak sales for the services that
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it offers. and blackberry is down 12%. do you remember blackberry? i used to love them. then i got a smartphone. president trump people -- promising to cut down regulations on the drone industry. president met with them in the white house. our next guest was in the meeting, ceo of air map. he joins us right now. you're a drone company right, ben? i don't know whether you make them or use them, which is it? >> we sort of provide air traffic control services for drones. you think of us as next air traffic control for drones flying at low altitude. stuart: airports hire you to tell the control tower where are the planes, how close are they, where are the drones, do they, are they in a safe space? that is what you do? >> yes, we do that. we work with organizations like the faa and others around the world, as well as the drone-make
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us and drone operators to make sure they're flying safely. stuart: occurs to me, one of the things you really want is regulation. you want a rule book so that you can operate within it and expand your business. you did you get the feeling at the meeting with the president yesterday, that he would be flexible on regulations for drones? >> yeah, absolutely. we want smart regulations. you know, the department of transportation set out really intelligent framework for innovation of self-driving cars on the roads that allow companies to operate in the commercial cents with insurance, to experiment. these are 3,000-pound vehicles made of glass and steel near pedestrians and so forth. but for drones, even 3-pound drone we need specific permission anytime we want to fly over somebody. the operating environment is much less friendly. we're looking for smart regulation to allow us to innovate. stuart: do you think it is coming to you, smart regulation? is it coming quickly? >> not coming as quickly as we would like. the faa, nasa, industry are
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working in a public/private partnership to develop infrastructure that will really allow the drone industry to thrive. stuart: how many airports use your service? >> we have about 130 airports here in the united states. and we also have a joint venture with an e-commerce company in japan. we're deploying these services across japan as well. stuart: what kind of drones do you fly? you mentioned like 3,000-pound glass and steel, is that what you're flying? >> i was talking about cars. so, cars, cars on the road that you know present a lot of risk to people are quite heavy, yet very light-weight he, 3-pound drones flying over people are a problem. this is what we're trying to fix. stuart: what do you fly? >> well, i fly airplanes and helicopters myself but also drones. i have a small drone that only weighs .6 of a pound that i fly in my backyard. drones span all sorts of size ranges. category of small drones which
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are focus here, are 55-pound and below. stuart: forgive me for saying, you're a young guy. have you been in the drone business all your life? >> no. i started my career in aviation as a flight test engineer certifying airplanes. also flight instructor. flown all kinds of aircraft through my career. recently got involved with drones because i think it presents the next frontier for aviation technology. stuart: i see your point. now airmap, that is your company. how old is it? >> we are 2 1/2 years old. we're 55 people. and growing strong. stuart: okay, tell me how much you're growing. can you, i know you don't have to, are you going to tell me what your revenues are, last calendar year and calendar year before that, are you going to tell me? >> well, what i will say we're providing these services for more than 100,000 drone flights every day. the faa, with about 40,000 employees, manages flights of
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about 50,000 aircraft per day. so gives you a sense of the scale of the drone industry and the opportunity we have for growth. stuart: great stuff. ben, thanks very much for joining us today. i find it fascinating. it really is a growth industry. good stuff. benchmark discuss everyone, airmap ceo. appreciate it. dow industrials did turn around during grover norquist's interview. liz: yes they did. stuart: we were down 14, but now we're up 13 points. baseball fans listen up please, four items going on the auction block next month, including a mickey mantle rookie card in near mint condition. you won't believe how much this is expected to go for at the auction. back in a second.
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stuart: let's talk baseball. we have for you, some cool baseball memorabilia that is about to go on the auction block. we're talking about some truly iconic items here. joining us david hunt, president of hunt auctions. welcome to the program. >> great to be here. stuart: let's get right at it. you have this auction coming up july 10th, 11th at all-star game in miami? >> yes. stuart: number one, babe ruth professional baseball model bat. >> good place to start.
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when you start with a discussion you have to start with babe ruth. this is special bat he used early '30s, early to mid 1930s. it has characteristics like scored handle. there is secret weapon on end of the bat, babe ruth, upside-down camera angle, babe ruth and lou garrick autographed back in the period. stuart: that is their autograph. >> that is makes it special. stuart: not the bat but the autograph, babe ruth and lou garrick as well? >> -- gehrig. >> they were barnstorming. bat should be 3 to 500,000 or more. stuart: what? >> or more. if you talk about iconic blue chip baseball players, going finance here. starts with babe ruth. stuart: the other bat on the set here. this is 1949, jackie robinson professional model baseball bat. >> what is nice about this, additional nice piece, from 1949
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at the all-star game in brooklyn. it wasky's first all-star game in brooklyn. significance of jackie robinson doesn't need to be stated. it has a cachet to it, problem i about 100 to 200,000. stuart: 100 to $200,000? blown away, i really am. >> game used pieces do appreciate over the years. stuart: i see a baseball card, that is a topps baseball card, 1952 mickey mantle rookie card. before you go anywhere, tell me how much? >> 3 to 500,000. stuart: for baseball card, mickey mantle. >> this was not in anybody's bike spokes. it is condition. if you look at condition, nearly pristine. that comes down the rarity surviving all these years, never been touched. stuart: i'm a baseball fan. blowing me away with the prices. roberto clement tee, world series ring. >> 1960. we're honored to have roberto
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clemente's personal collection. this is one 50 to 300,000 presale estimate. stuart: david hunt, you've blown me away. i can't believe those prices. i hope you get them. hope you get more. >> thank you. stuart: hold on a second at the all-star game the auction. >> yes. stuart: it will be actual action online simultaneously. >> yeah. stuart: july 10th, and 11th in miami? >> that's right. if you're down there, come to the all stair game, great event. or go to hunt auctions.com. stuart: huntauctions.com? >> that's right. get the right one. stuart: ladies and gentlemen, huntauctions.com. david you're all right. >> thanks for having us. stuart: everyone, we'll be back.
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we don't want political violence in our society, thank you very much indeed, but they're at it again. act or to have johnny depp at a music festival in britain said this: when was of the last time an actor assassinated a president? that's a reference to john wilkes booth and president lincoln, got it. and then with a smirk he said, to clarify: i'm not an actor, i lie for a living. elise jordan said supporting trump is like hugging a suicide bomber. violent imagery linked to our president. all of this after the mock stabbing of president trump at a play in central park, new york, sponsored by "the new york times," sponsored by time warner. the outrageous severed head incident from the so-called comedienne, kathy griffin. and they won't stop. we've been saying it for months, the left can't keep its trump hatred bottled up.
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it is so virulent, it bursts out all over. the democrat leadership should tell them that, a, you are creating an atmosphere of violence and it's dangerous, knock it off; and, b, we're fed up with; and, c, it's not helping you. doesn't look like senior democrats understand this. their language remains inflammatory. johnny depp still spews his nonsense. i guess they just can't help themselves. the third hour of "varney & company" is about to begin. ♪ ♪ stuart: we have just received this from the white house, a statement in response to the comments from johnny depp. p quote, president trump has condemned violence in all its forms, and it's sad that others like johnny depp have not followed this lead. i hope that some of mr. depp's
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colleagues will speak against this rhetoric as strong as they would if it was directed toward a democrat firchlt ann coulter will join me later this hour to talk about all of the above. right now getting to your money, check that big board, a very modest gain. we're off the lows of the day, and there's plenty of green amongst the dow 30. we got a modest boost from the new home sales numbers last hour which were pretty strong. joining us now, former cke restaurant ceo andy puzder. andy, i feel -- and i want to see if you agree with me on this -- i think there is now some momentum building for the president's growth agenda. we've got the health care plan in front of the senate, things are looking much better for tax reform. i think the wind's in his sails. what say you? >> you're absolutely right. and the economy -- as we've talked about before on your show, and i had an article on "the hill" just this month --
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the economy's surging, we got a 2.9% increase in new home sales, everything's trending in the right direction. his legislation's moving forward. we've had 37 or 38 historic highs since the election in the stock market. so if people's homes are worth more, stocking investments are worth more, more of them are working, they're making more money, that overcomes a lot of the media bias you were just talking about. the democrats are going nuts, the media's going nuts attacking president trump not because he's failing, they're attacking because he's sucking seeding, and he's attacking -- succeeding. it turns out they're all untrue, they've got no leadership. the leadership they have is aged and it's coastal. san francisco in the house and new york in the senate. they've just got nothing going for them. all they can do is attack the president, and they do it with apparent glee but very vehemently. stuart: i think this, actually, is a plus for the market. andy, we'll get back to you in a second. i want to branch out, different subject for a second.
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look at amazon, the stock price, please. jpmorgan says walmart could enter a bidding war with amazon for whole foods. there's also some talk that amazon's just getting too big, too powerful. they need to be broken up or in some way reined in. here's what commerce secretary will bus ross -- wilbur ross had to say about that. roll tape. >> i haven't seen anything that amazon has done that would qualify remotely for antitrust consideration. stuart: andy puzder, do you think that amazon is too big, too powerful and should be reined in or broken up? >> not at all. i agree with wilbur, with secretary of commerce wilbur ross. he's got it absolutely right. amazon has done nothing so far that would lead people to any kind of legitimate court case or administrative proceeding against them to bust them up as violating antitrust laws. look, they provide a great
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service. they've brought prices down. they've got more goods going to more people. they've changed the way people buy things. they've helped keep inflation down. they're generating a huge amount of business and jobs in the united states. it would be an absolute mistake to try and bust them up which is the kind of thing progressives like to do, but it would be a big mistake for the american people and the economy. stuart: they've sure ruffled a hot of feathers, that's for sure. four republican senators say they're not ready to support the senate health reform plan yet without some changes. when push comes to shove, i think this thing is going to get passed. andy, i don't think that -- again, when the vote is taken, i don't see a republican standing up and saying no and killing the whole thing. i just don't see that. what say you? >> i don't see it either. i've been listening to rand paul and ted cruz talk this morning, and i think rand paul's just plain wrong. this is not a redo of obamacare. the 30-hour workweek is gone,
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the employee mandate's gone, the individual mandate's gone, the taxes are removed. we've done a lot of things that really would change significantly obamacare. and i've listened to senator cruz who's a friend and i think actually has a point that we'd like to see premiums come down more. i'm a little concerned with the fact that we not only keep, in the senate bill we keep the exclusion for pre-existing conditions which really discourages young people who think, you know, they think they're superman or superwoman, they don't need health insurance. they can get care at the emergency room for free, and if they get sick, they'll sign up when they get sick. the house tried to address that problem and incentivize people to buy insurance by putting in a one-year penalty of 30% the insurance companies could charge a 30% premium. of i'm not even sure that's enough to discourage people -- to encourage people to buy insurance. but the senate doesn't address it at all, so that's kind of a concern.
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but i think that can be handled in the negotiation. i think that's what these senators are trying to do when we have the conference on the bills. no, i don't want see the republicans opposing this. enough republicans to get to 50 so that if we need the vice president to step in, it passes. stuart: right. i just can't see it. andy puzder, always a pleasure. thanks for joining us. >> thanks, stuart. my pleasure. stuart: to the market and specifically oil. it's still at roughly a ten month low, pretty close to it. now look at the price of gasoline. nationwide the average has come down to $2.27. the cheapest states for gas? south carolina where regular averages $1.94. oklahoma, the average $1.98. alabama right there at $2 even. where can you find the cheapest gas in the nation? at the food mart in oklahoma city. >> look at that. stuart: you like that? >> holy cow.
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stuart: fill'er up. [laughter] jeff flock's with us in illinois. this is the time of year when gas prices are supposed to go up, but the price of gas has been down for 21 days in a row. can you tell us what's going on? >> reporter: it does cost more to produce the summer blends, that's usually why the price goes up, but oil prices are so low, stuart. this is a citgo refinery outside chicago, this does canadian tar sands oil, by the way, which if you think right sweet crude is cheap, this is $30 a barrel right now for canadian tar sands oil. it's crazy. and as you point out, gas prices consequently have come down about 6% in the last two months, and it's because production is just crazy and demand is not there. merrill lynch said today that they don't think demand is going to go up appreciably to kind of take this glut away. so we're in serious problems. we're making, i think, 9.35
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million barrels per day in the u.s. which is an 8% increase over last year, and the oil companies are getting kicked. at some point, i tell you, prices get low enough, you start to lose jobs in terms of drilling. right now enjoy it while you can. stuart: i'm gung ho for $20 -- >> reporter: me too. yeah, that chrysler minivan, i'll tell ya, that's going places right now. that's a $20 fill-up, right? stuart: i'm going to oklahoma to get it, okay? [laughter] jeff, you're all right. thank you very much. see you later. all right, names you know, stocks with a name that you know. mcdonald's and tesla hitting all-time highs. will you look at that? tesla's 385, mcdonald's 154, 155. >> well, we were wrong about tesla before, right?
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stuart: i interrupted you -- >> that's all right. stuart: no, it's not. researchers at johns hopkins university say they believe they've unlocked the key to how cancer behaves and how to slow it down. this could be a breakthrough. later this hour we have the lady who made the discovery. and ann coulter will be with me here in the studio. her take on the left's hateful rhetoric towards the president. i want to get back to the senate health reform plan. we've discussed it, the politics of it, but what about what's actually in it? here's an important question: will this health reform plan push drug prices down? good question. next, we're joined by a former hhs guy and a guy from lilly, alex azar. we'll be back. ♪ ♪
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>> the drug industry has been disastrous. they're leaving left and right. they supply our drugs, but they don't make them here to a large extent. and the other thing we have to do is create few bidding procedures for the drug industry, because they're getting away with murder. stuart: strong stuff from the president on the high cost of drugs. joining us now, the former president of l are illy usa, that is a drug company, alex azar, is with us this morning. all right, alex, you've seen the senate's new plan, health care plan. does it lower drug prices? >> well, stuart, there's nothing in the senate bill that directly lowers drug pricing, and that's really not the intention of the legislation. but there's something in there that i think will have a positive effect on drug prices which is one of the many, many, many taxes in obamacare was a prescription drug user fee, an excise tax that basically every
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pharma company has to pay $27 billion of taxes over ten years. that goes away in 2018. that creates several billion dollars of bottom line space that can allow drug companies to moderate price increases that they otherwise would have taken to meet bottom line requirements for their shareholders. stuart: okay, interesting. i've got another one for you. senator rand paul, he to poses this new plan. -- opposes this new plan. he's concerned about the subsidies to insurance companies. roll tape. >> conservatives want a repeal bill. i want a bill that lookses like, feels like and is a repeal bill. my fear is when i look at this, i keep reading it, and it sounds like obamacare to me. doesn't even sound like obamacare lite. in some areas it may be obamacare plus on the subsidy side. we can't have a bill that spends more than obamacare in the first couple years and call that a repeal bill. stuart: okay. he says he's concerned about the subsidies going to the insurance
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companies. what's your response to that? >> so tremendous respect for senator paul, but the simple fact of the america is that we do not have -- of the matter is, for better or worse, 50 united states senators who believe like senator rand paul believes. there are not 50 votes to completely repeal obamacare. you've got susan collins and lisa murkowski who basically are objecting to anything in this legislation that isn't a repeat of obamacare. so it's just not going to happen. so senator paul and ted cruz and ron johnson and senator lee are going to have to decide are they willing to accept a package that isn't full repeal but is the largest restructuring of an entitlement program in the history of the republic, medicaid, that reduces the amount of subsidies going to individuals through the obamacare program, has a trillion dollars of tax cuts in it, creates small business association health plans,
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increases deductibility of health savings account contributions to more equalize them to people who have employer-sponsored insurance, and are they willing to walk away from that? stuart: you're sold on it. you're gung ho for this plan, aren't you? >> well, listen, i'm not here to advocate support of the plan, but my goodness, compared to the status quo it's lower taxes, less regulation, lower premiums, more competition and a more stable insurance market than what we have now. is it perfect? it's certainly not. but, my goodness, what we have now is not working and it's not sustainable. stuart: just a technical, quick check for a second. i understand -- in my opinion the subsidies going to insurance companies are going to them so that you don't have a sudden spike in premiums when obamacare is ended and the new system begins. have i got that right? >> you've got it absolutely right, stuart. you've got a short-term and a long-term stabilization fund, 50 billion in each, that go out to the insurance companies through the states. and the idea is, first, to
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create high-risk pools so that the states could create mechanisms to pull your sickest beneficiaries out and reduce premiums for everybody else and also create stabilization of premiums as you have this disruption. what is health insurance? it is an actuarial business to predict the future. when you're in a time of uncertainty right now, you will have change, and the government steps in through mechanisms like these subsidies to create a stabilization until you know who your beneficiaries are, who's in your risk pool. that's what it's about. stuart: politically necessary, actually. alex azar, thanks very much, indeed. appreciate it. >> thanks, stuart. stuart: pretty soon on this program you're going to hear from the researcher at johns hopkins who may have figured out how to stop cancer from spreading. this could be a senate breakthrough. you'll -- significant breakthrough. you'll meet that researcher. and ann coulter getting ready to join us on johnny depp's comments about assassinating the president.
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>> for centuries our families fought together against their common enemy. despite their differences, together. we need to do the same if we're going to survive. the enemy is real. ♪ ♪ >> it's always been real. [laughter] stuart: i'm sorry. the breathless voice. >> i love it! stuart: the british accept. tear lord. that that's the new trailer for season seven of game of thrones, the new season premieres july the 16th. got it, all right. look at this, a game of thrones'
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pop-up bar, washington d.c. it's got cocktails inspired by the show, guests wander through the replicas of the show's seven kingdoms. if you want to check it out, hurry please. this pop-up bar closes on august the 27th. can't wait -- [laughter] in japan the popular nintendo game carr owe ka -- mario kart has come to life. a local tourist company provides the carts, provides the costumes. they've reportedly booked about a thousand go-kart rides a month. [laughter] >> i love it. >> did you see the guy in the batman costume? [laughter] stuart: he's cheating. it's supposed to be mario. next case, mario -- ron howard -- [laughter] stepping this to direct the new han solo spin-off film. the original directors were fired earlier this week. they had creative differences. new guy in.
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look at this, a man fishing in canada shot video of a bald eagle swooping down, grabbing salmon strips that he was using as bait -- >> look at that. >> down he comes -- >> gorgeous creature. stuart: they are. [laughter] wonderful. >> i love it. >> good video. stuart: that has been watched by more than 1.1 million -- >> oh, it's fantastic. stuart: don't you love it? be here's what's next, we're joining by one of the stars from million dollar listing miami. she says millennials are buying. but for different reasons than our parents, or like me, grandparents did. [laughter] president trump says he wants nancy employees is city to keep her job, please, it's good for republicans. you'll hear him next. ♪ ♪
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i'd like to keep her right where she is, because our record is extraordinary against her. but we'll see what happens. there has been a lot of talk about her stepping down. we'll have to see what happens. stuart: with a straight face. president trump speaking about nancy pelosi on "fox & friends" this morning. you know, some democrat lawmakers say it really is time for nancy pelosi to go. roll tape. >> leader pelosi, looking forward to the 2018 election, has to ask herself this question: do i help democrats win swing districts which we need to win in 2018 or do i not? and have an honest dialogue with herself. and i just, i think the answer's obvious. >> and the answer obviously is she should go? >> oh, i think that if we are going to win -- if we're going to regain the majority in 2018, we have to have new leadership. stuart: well, our guest -- and you've seen him before -- says he's still a democrat.
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he's got this book out, "america in the age of trump." his name is doug schoen. >> good to see you, stuart. stuart: you're still a democrat, aren't you? >> yeah. stuart: after a all of this hate mongering that's going on, you are still a democrat. >> well, i think the republicans are so extreme when you're going to eviscerate medicare -- [laughter] stuart: wade -- wait a minute, let's get it clear. the republican bill would slow down the rate of increase in -- >> but states could opt out. stuart: it's not eviscerating. >> to me, it is. we have an opioid crisis -- stuart: then you should stay as a democrat. >> i'm going to take your advice for once. stuart: should nancy pelosi leave her leadership position? >> oh, yeah. what president trump said is right. she's a great target. san francisco democrats and san francisco values do not equate to what most americans think and value. stuart: you're a new york democrat.
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>> no, i'm an american democrat. i'm not a new york democrat. ted cruz tried that, and you saw where that got him in the primaries. i'm proud to be an american. i represent the views of people in 50 states. i did that with bill clinton when we got him reelected and won back the senate in '98. stuart: okay, okay. will nancy pelosi leave? >> no, why should she? it's a great job. she's 73, what else is she going to do? stuart: she won't leave? >> absolutely not. you heard it here first. stuart: does she really hurt the democrats -- >> we.. -- yes. stuart: does she hurt when it comes to obamacare reform? >> yes. one of her colleagues, tim ryan, said that she had led to a toxic brand being developed. he's right. stuart: what is it about her that makes you think she has made democrats a toxic brand? what has she done? >> she is too far left, she doesn't appreciate the values, issues and concerns of middle
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america, and she represents very well a san francisco, liberal, upscale district that is completely out of touch with america. stuart: i think she looks down on us. i think she looks down on regular americans. just like your pal hillary clinton looked down on trump supporters and branded them, what was it, irredeemable -- >> deplorable. stuart: racist, sexist, homophobes, etc., etc. >> i did make it very clear as a democrat that i deplored her and i couldn't vote for her, and i didn't vote for president because i'm a mainstream, traditional, john k. -- f. kennedy democrat. stuart: and you don't have a party any longer. >> i wish i did. stuart: but you don't. >> no. but the republicans are too extreme for me. stuart: get out of here. doug, it was town. >> it calls is, stuart. [laughter] stuart: i want to show you the tweet from president trump
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written exactly five years ago this week. now is the time to buy housing, as in reallies rah, before -- real estate, before rallies have fully recovered. joining us is samantha deby yankee. did you think he was right five years ago? >> i mean, five years ago i was saying how strong the market was, and looking back phi years ago, rates were at 3.4% for a 30-year fixed. now they're at 4%. so it's kind of interesting, because i remember in 2013 when we were talking, and there were projections of 5%, even 6%. nobody flinched. so now we're at 4%, everyone kind of freaks out when they hit right above 4, but it's 4%. you bought a house at 12%. stuart: that's right, i did, i remember telling you. my first house was 12.5%, san francisco, late 1970s. i thought it was a bargain. >> that's insane.
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stuart: now, conventional wisdom has admit it that millennials don't buy homes any longer, they prefer to rent. you're telling me, not so? >> no. i'm going to set the record straight. millennials see the american dream, it is ahive and well within -- alive and well within them. they're buying their avocado toast, but they still want real estate as well. you know, back in the day the american dream was the white picket fence and the beautiful home, but now the first question when i deal with millennials are, sam, am i going to make money from this purchase? that's the most important thing. they are buying real estate, they just want to make money. so great example, i bought a number of homes, but my home last year i sold after two years, i made a 44% return. i made a net profit of $275,000. when i tell my friends that, of course they're going to be buying. and buying investment properties between 300 and 400,000 making anywhere -- airbnb-ing them. if we want to talk millennials,
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let's talk tech -- stuart: fantastic return. >> i mean, when you know what you're doing and you get your numbers right, you will make money. real estate can make you rich, and millennials see that. stuart: i've got a problem, i think millennials have a big problem with student loans, student debt. >> yes. stuart: there's $1.3 trillion outstanding, that's a huge millstone around millennials' necks. >> sure. stuart: surely that's a problem when it comes to buying real estate. it's got to be. >> it is, but at the same time, when i just said all of those returns and how you can make money, that money can go towards paying down the student debt. you can still get the enloan. it's not an easy process. t not fun, but once you're done and you have that property, i mean, the world is yours if you buy right. stuart: okay. you are tempting these young socialists with profit. [laughter] turning their heads. it's great to have you on the show. >> thank you.
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stuart: joining us now is another millennial, charlie kirk, founder of turning point usa. what's your reaction to that, that millennials are in the housing market as buyers? what say you? >> well, so the data shows regionally there's many different stories going on. where property taxes are lore, young people are more likely to buy houses. look, the increase in housing prices nationally, it's being driven mostly by people under the age of 40. so you're starting to see young people starting to creep into the housing market. but i'd still say young people do tend to have more of a renting philosophy than a buying philosophy -- stuart: yeah, but, charlie, as this young lady said, you've got to tempt 'em. tempt 'em with profit. show them that they can make some serious money. [laughter] that's how you do it. >> no, you're right, and i love your remark that young socialists all of a sudden want to make a bunch of money. but to the greater point, i still through this is some -- think there's some hesitation.
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there is a huge financial burden on young people. student loan debt is preventing young people from actually having the capital necessary to get a mortgage or to have good credit to be able to buy houses. so i agree with you completely, but i still think they'd skew more towards a renters' market, but it's regional. stuart: ten seconds, last word. >> my friend was living here in a shoe box at $3600. down in south florida you're getting a studio at 400 square feet for $2500. it's insane. you put things into perspective, and you should only buy if you can, if you actually have job security, stability and the money to do so, you should be buying. every time. stuart: okay. i'll buy, okay? >> buy with me. stuart: thanks very much for joining us. charlie's still with us. here's one for you, college students and professors testifying before the senate this week about free speech. of it's under attack on campuses nationwide. listen to what one college student had to say about this.
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roll tape. >> in my time at williams, i cannot name a single conservative speaker that has been brought to campus by the administration. this fact is problematic precisely because the overwhelming majority of students at williams have liberal beliefs. in classrooms liberal arguments are often treated as unquestionable truths. in some cases, conservative students even feel the need to refrain from stating their opinion the in fear of being -- in fear of being shut down. stuart: you know, charlie, he sounds just like you, doesn't he? >> slam dunk, home run. look, this is what's missing on our college campuses, intellectual diversity. what i always find troublesome is the academic elites, they have taken a really risky gamble which is instead of having free and open dialogue and speech, they want protected speech. they don't want conservative ideas to be expressed on a college campus. and i always joke around and say
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if liberal ideas were so good, shouldn't they want as many conservative speakers as possible? because those ideas will die immediately and fall flat on their face. they're scared of other ideas, and colleges have become a place where they want everyone to look different but think the same, and they don't have intellectual diversity, and i think that statement and the income the senate was -- and the testimony in the senate was terrific. stuart: charlie, thanks for joining us. the president of the united states in the year 2048, charlie kirk. [laughter] thanks very much, sir. remember ann coulter's speech was can eled9 -- canceled at the university of california-berkeley. and recent hi backlash from another college because one of her books was on a reading list. oh, terrible. she's with us in the next few moments, actually. we'll also get her take on the left's hateful rhetoric that still rolls on. we'll be back. ♪ ♪
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welcome to holiday inn! ♪ ♪ whether for big meetings or little getaways, there are always smiles ahead at holiday inn. ♪ >> i'm nicole petallides with your fox business brief. tesla hits another all-time high, continues to soar. take a look at it right now at 385 and change, went to 386.99, and over the last 52 weeks, up nearly 100%, up 95%, to be
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precise. the news now is not only will tesla have the high-tech dashboard and also the internet connectivity, but how about streaming music? this is what tesla's looking at. in fact, tesla is working to create streaming music according to sources and telling fox business we believe it's important to have an exceptional in-car experience so our customers can listen to the music they want from whatever source they choose. we've also watched them on the move and selling more of those model 3s. ♪ ♪
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>> frankly, i don't think there's any way this gets negotiated in two years. what i do think is there will be remaining and lasting up certainty in britain. but in the u.s., i think this could be a huge buying opportunity. i'd be looking for some of great down stories here, and i would get in with both feet. stuart: oh, man, was he right. that was regular on the "varney" show, peter kiernan. one year ago today. that was when the british voted to leave the european union. he got it right. buy. he absolutely got it right. look at this. now, this is market performance since the brexit vote one year ago today. the major averages, all of them up very, very nicely, thank you very much indeed, with an assist from the election of president trump. we got that. how about the big tech stocks? they simply zoomed after brexit
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and after the election of donald trump. we look at those percentage gains, not bad, huh? how about the big banks, the financial companies? they, too, had a very nice runup following brexit, following donald trump. peter kiernan got it dead right. next case, the left's hateful rhetoric continues. latest example, johnny depp. he joked about assassinating president trump while at an event in britain. now, here's what president trump said in response just about an hour ago. here it is, the tweet. a statement in response to those comments -- here we go. president trump has condemned violence in all forms, and it's sad that others like yonni depp have -- johnny depp have not followed this lead. i hope that some of mr. depp's colleagues will speak out against this type of rhetoric as strongly as they would if his comments were directed to a democrat elected official. look who's here? perfect timing. ann coulter. author of the book, "in trump we
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trust." ann, what a pleasure. >> thank you. good to be here. stuart: i'm appalled at what johnny depp said and what the rest of the left has been mongering all these weeks. i think it's a terrible thing. >> yes. and it's particularly terrible -- i wrote about that this week, looking at what the audience is. the heft -- left-wing audience is prone to violence, the right-wing is not. it would be like talking about, i mean, there are a few women who rape men every year, but rape is not a problem that, well, both sides are guilty of. it's really both sides. no, men commit a lot more rape, and left-wing ors commit equally a lot more violence. every politically-motivated presidential assassination or -- was a left-winger. stuart: they can't hold it in. >> no, they cannot. but that is why it's particularly irresponsible, i mean, there's nothing funny about it. if you say something funny, but rhetoric by itself is not so
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disturbing as rhetoric -- any kind of rhetoric directed at the left-wing audience because they do -- by the way, what happened to black lives matter? that was apparently an election thing. that was really big until the election. they must be sitting at home. why isn't msnbc returning our calls? why won't they put us on? where did they go? [laughter] you have moveon.org, the attacks on the tea parties, you have the attacks on supporters of proposition 8 in california, anti-gay marriage initiative, you have attacks on trump supporters. remember, the chicago rally was shut down by bernie supporters, this bernie supporter who shot at republicans playing baseball. he was the second bernie supporter to commit mass murder in the last month. stuart: and we're fed up with it. >> or attempted. stuart: america is fed up with. if it's a tactic of being contemptuous of the president and hating him, that tactic is not working. >> no, i know, but maybe you shouldn't tell them, because i
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think -- [laughter] stuart: you're with president trump, keep nancy pelosi at the top. i've got to get to this -- >> let's get to health care. stuart: well, it's on the prompter -- >> okay, fine. [laughter] stuart: an alabama high school is apologizing after a teacher's summer reading list caused a backlash. the list included your book, "guilty liberal victims and their assault on america," as well as other books from conservative authors. i'm trying to bring in your authorship and your books. i'm trying to give you a plug here. >> it should have been nothing but my 12 new york times bestsellers, and if you really want me to speak honestly about other conservatives' books, you probably won't like what i have to say. [laughter] if you have something to say and you're writing your own book, talk show hosts who have ghost written pieces of crap, can't you just sell mugs? why does it have to be a fake book? anyway -- [laughter] stuart: health care. go ahead, say it. say it. >> okay.
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you were just talking about how you became a capitalist traveling around the world, you were a hippie -- stuart: i was not a hippie. >> in hong kong and everything during this capitalism. okay, apparently the entire republican caucus needs to go to hong copping to remember this little -- hong kong, this to remember this little thing, capitalism, because their health bill is a disaster. stuart: no, no, oh, please. >> listen to the health care bill. the correct health care bill should be obamacare stays for all of the lay-abouts who want it. now there will be a one-sentence law saying there shall be a free market in health insurance. because under the republicans' health care bill, guess who's still paying for transgender operations? guess who still can't go to memorial sloan-kettering? no, i don't want gambling addiction therapy. i don't want psychological counseling. i want -- stuart: time's up. >> if i have a broken bone or cancer, that is illegal to sell
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in this country. stuart: i can't believe that the republican party will say no to this health care proposal and wreck the president's growth agenda, ruin the republican party as the party -- >> no, this is going to ruin republicans. if this passes, it's going to be -- because it's obamacare lite. let it fall. i would president -- rather have nothing than have republican take responsibility for something that is just as bad as obamacare. stuart: you were right all the way up until the very end, and then you totally blew it. >> one-sentence law, and it would be just like stepping into hong kong -- stuart: and it would never be pass. why? how are they -- yes, i know how to pass stuff. i'm smarter than these idiot republicans. moderates? you would get everybody because you're not getting rid of obamacare, and all the lay-abilities can still get their -- stuart: here we go. i knew we'd get to transgender surgeries after hong kong. >> yeah. we pay for it but i can't get
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cancer treatment. stuart: time is up. but thanks, it was fun. [laughter] next, three researchers at johns hopkins may have figured out how to stop cancer from spreading. we have the researcher in a moment. ♪ ♪ 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: i want to get straight to our guest from johns hopkins. welcome to the program. i want to get right at this. i believe you have found out how cancer spreads. so now we can do something about it. have i got that right? >> yes, you have. so we've with actually discovered a new signaling pathway that controls how the tumor cells talk to each other in terms of how crowded they are. so as they increase in their crowding, they sort of send a signal out, and they're like, move away, move away. [laughter] so the cells spread to the other parts of the body. stuart: so now we're in a position to stop the spread, because you know how the spread works. so how long will it take before we've got a treatment, a drug of some sort to do what you say you can do? >> well, i think we're still in the preliminary stages. i think this is a significant
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step forward, and we did test it if animal models, and we've had very significant results. but i think it's going to take a couple of years til we can sort of translate it into treating patients. stuart: okay. look, i'm terribly sorry we're out of time. i really wanted to is ask you about the eureka moment when you figured out what was happening here. i promise we'll get you back on the show, because this is very important stuff. thank you so much for taking time out of your day. much appreciated and congratulations. well done. >> thank you. thank you for having me. stuart: you come again real fast. thank you very much. all right, almost out of time, but i can say this, more "varney" after this. [vo] when it comes to investing,
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looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.
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