she'll get renominated. maria: congressman chaffetz. >> they'll have a bill and pass it a week or two after that. maria: thank you so much. that does it for us. tomorrow, same time and same place, stuart, over to you. stuart: thank you very much indeed. i'll take it, maria. the most important financial story of the area is staring us in the face. it's not health care, or taxes, no, it's amazon. good morning, everyone. amazon's prime day is going full tilt and everyone in retail is feeling the impact. outside the retail business, they're still all feeling the impact. amazon is one very big and very powerful company. prime day has become a new shopping holiday right up there with black friday. there are 79 million prime members, almost as many as cable tv subscribers. today, they have access to big discounts on tens of thousands of items. have you bought anything yet?

one of our producer bought sun glances at 20% off with a 20% cash back because he used his amazon credit card. another bought a coffee maker, didn't need it, but couldn't resist half price. and it does match the new back splash in the new kitchen we're told seriously. amazon's impact is dramatic. shopping malls, grocery stores have taken a big hit. now, we hear that department stores are discounting cosmetics because of amazon's price competition. look at the stock, opening today. right around, pretty close to $1,000 a share. that means, amazon has a market value approaching a half trillion dollars and founder jeff bezos is worth nearly 81 billion. another one of my colleagues is laughing, but they're all over laughing. wait, didn't buy anything? >> no, we think one of the producers bought women's glasses, a guy. >> eric. stuart: and amazon is so

powerful and disruptive there will be calls to rein it in. right now, it's riding high. dare we call it the most important company in the world? i'm going to. "varney & company" is about to begin. ♪ >> all right. we're opening the market in 27 and change in minutes. and we'll look at amazon, we're in the middle of prime day. thousands of deals, amazon in total is worth close to a half trillion dollars and when it hopes this morning, it will be very close to $1,000 per share, yet again. what a company. i want to get right into this prime day and all about amazon with bert, the man who coined

the phrase retail ice age. i'm saying that amazon is the most important company with the biggest impact. >> completely true, stuart. amazon is going to be beyond retail ice age, it's going to be darwinion destruction proportions. stuart: that bad? >> that bad. we'll see the bible of credit intelligence. td reports.com and seeing neiman marcus could go bankrupt, and dollar stores, specialty, category dominant, warehouse clubs across the board. record amount of bankruptcies, shopping center failures and for government implications, sales tax revenue will plummet and massive public sector layoffs and more pension plans you're reporting in illinois.

stuart: i'm wide-eyed, i was right, people. [laughter] >> amazon doesn't say how well prime days go. they don't give you a progress report, do they? >> they don't give you a progress report, but it's next most to single day. and power to prosper, fox business focuses on with you, cheryl casone, and david asman. we were recommending amazon years ago. they've made $5 a share while the unfortunate armageddon is taking place by the most important company. stuart: amazon faces a problem down the road, that is with delivery. there aren't enough trucks, ups and fedex to deliver all the stuff, is that accurate? >> not enough trucks and drivers, and with mayor

deblasio and others, it's like a battle where the king sees the greatest army in persia tried to conquer the civilized word. they couldn't get the path to conquer the rest of retail and amazon has that problem in 2020. so short-term gains, longer term logistics and fame, there will be a retail renaissance in 2020, it's retail rationalized and bricks and mortar comes back. stuart: amazon has a huge impact on everything. is it time to rein it in. there -- will there be a politician who says it's time to rein it in. >> ent a trust laws with fair prices, the branded vendors could get hit and shed books already hit amazon, and amazon

said government give aways, tax abatement. you have to look out pour predatory pricing and practices. stuart: bearing that in mind and the delivery problem would you be a seller of amazon stock at $1,000 a share today? >> stick by "varney & company," power to prosper, amazon's going to 1100 probably 1150 and i'd hold it for a few, to two, three, years and be out and beginning a new decade in 2020. stuart: saves the best until last. burt flickinger, thank you for joining us. >> thank you. stuart: thank you very much. that's money, now politics. according to the partnership for public service as of june 28th, mr. trump nominated 178 appointees and the senate confirmed only 46. president obama had 183 nominees by that date, confirmed by that date. and george w. bush had 130. so, clearly, president trump is way behind in confirmations. joining us now, senator lucas strange, republican from alabama.

welcome back to the program. this is surely part of chuck schumer's restraint, you know, stop everything, block everything, go slow on everything. sir, you have to put it to you, not much you can do about it? >> well, it's clearly part of the strategy, calculated strategy. 25% nominees compared to the previous president is clearly part of the strategy -- the sad thing it's affecting our country and our ability to govern because it's not just accords, which is critical, the it's cabinet agencies, you know that problem, treasury, state, justice. and it's the agencies. the simple agencies all through, so it's hurting the average person and i'm hoping that we'll get some cooperation from the democrats and i'm not expecting it. stuart: that means you can't do much about it. if they use parliamentary tactics to delay and obstruct everything you're in a difficult position as a republican senator. and again, i'll return to,

there isn't much you can do about it? >> there are a couple of things. we can shorten the time of debate when they'll insist on cloture on every nominee, we can cut that back, there's ability to do that. secondly, this is partly our fault. we need to stay here during the recess and during the upcoming vacations and get the work done and make the democrats stay with us, and work late at night just like the average person out in america is doing. stuart: i want to ask you about health care report. are there noi formerly no voters now prepared to vote yes, maybe on the ted cruz bill or the next bill from mitch mcconnell? >> i don't want to speak for my colleagues, but i think there's optimism. we'll know today at lunch when we have our get back to washington and comparison of notes. everybody is trying to get to yes. i can tell you from alabama's standpoint, i want to get something done. we cannot fail in this.

the people expect us to work so that's what i'm for. stuart: so lunch today, we'll get a better understanding of the vote count. >> that's correct, we should have that by leadership. whether a paper in hand i'm not sure, but a lot went over the july 4th recess period. we'll know more after lunch. stuart: got it, thank you, senator from alabama. >> thanks for having me on. stuart: and the united states thad missile test was a success. that's the missile that shoots down another missile, ash. ashley: yes, quite impressive. this was fired from an air force cargo plane north of hawaii towards alaska. and the alaska system fired a missile to destroy. the people in alaska who were going to intercept the missile had no idea when it was going to be launched. it wasn't coordinated.

so far 14 over 14 targets over the months and years have been hit and they're perfect now. of course, this comes, last week north korea launched their ballistic missile sending a message and saying it was scheduled last june and it's not. they had the b-1 bombers doing exercises as well. stuart: it's a demonstration that we could have it out of the sky if we want to. a very busy day, as you can guess here, for money and politics. we've got an all-star lineup to cover for you. coming up in our 10:00 hour, the ceo of the on-line big box retailer, boxed.com. is amazon going to buy him? congressman louie gohmert and host brian kilmeade on the show. how about the 11:00 hour. ann coulter, steven baldwin and the one and only mark stein. that's what we've got for you, not a bad lineup. that's right.

this hour, what impact does amazon have on small businesses? some would say catastrophic, we'll ask. very sad story out of the great britain, the government has to stop treating 11 month old baby with a debilitating condition. and this is what happens when the government controls health care and not the parents. more varney after this.

>> the expected loss of the opening bell is getting narrow. we're now down to just an 8 point decline 15 minutes from now. to mississippi where at least five people were killed when a marine corps refueling plane crashed last night. accord to go the county sheriff, nine people were supposed to be on board the plane which crashed into a soybean field crashing 85 miles north of jacksonville, mississippi. and i want to talk about

charlie gard, the terminally ill baby in great britain. welcome dr. marc siegel. the government is in charge of the treatment of a child. very different from, i think, from america which is more of a private enterprise system. have i got it right? >> yes, you do, although i don't want to say that there wouldn't be times when the government wouldn't try to intervene in cases and a lot of times they're wrong. in this case, the parents should be in charge of the child. here is how i define my role as a physician, i'm supposed to relieve suffering or prolong life, know the government's role to decide when a life should end. sometimes when we're relieving suffering we end up bringing about the end of life sooner, if it's severe suffering or pain. in this case, the baby is in some discomfort suffering from a disease where the engine of the cell is affected and there's been a lot of brain damage, but if you start making

government rules and this is your point, government starts marching in and deciding when to end life. that takes away the role of the parent, the patients and the physician. stuart: they want to bring him to america for the special experimental treatment. the government in britain says that special experimental treatment will be painful to the baby, therefore, they want the baby to stay in britain, they want to let it die in britain. that's what they're saying? you totally oppose that. >> i oppose that and i want the viewers to understand that this treatment has prolonged cases in some cases. the mitochondrial in the cell, it won't fix the brain damage the baby has, it's not going to bring about a cure. it could prolong the baby's life. i don't agree with the government that somehow the baby is in agony and they have to end the agony.

if a family refuses emergency treatment, i don't want to give a transfusion, i don't want to oranges, sometim oranges oranges oranges oranges-- operation. what happens if something comes down the line. i keep a child alive longer and wham, an experimental treatment comes along that does work. it won't be likely in this case, but that's where the slippery slope is. stuart: let's not forget the parents of charlie gard, the little baby, they're prepared to pay for the treatment in america themselves. they're not going to be a charge on the british government. they'll pay for it and pay for american treatment. let's suppose this baby had been born in the united states and the insurance companies was asked to pay for this experimental treatment. if the insurance company refused, then the parents would simply take the child, if they could pay for it themselves go treat him elsewhere and that would be the end of it.

that's how it works. >> several hospitals in the united states have offered this treatment to the baby, absolutely. there's no role for government in this and i think it's a very, very stark case. it's a right or wrong case. again, it's not that there's no role for government ever. stuart: of course. >> there's a role for government sometimes if there's a lot of suffering involved and i also believe, and you may not agree with this, there are times when i might pull the tube, there are times when i might say that's okay. this is not one of them. stuart: you're on the parents' side in this case. >> hugely on the parents' side. bring him here and get the government out of it. and you're right socialized, too much government in health care. we've got too much of it here already. stuart: dr. mark siegel. i appreciate it. i've got more news on amazon, i'm calling the most important in the world. liz: the government of india says, yes, amazon you can sell on-line groceries. india is the fastest growing economy. this is breaking towards $1,000

a share we're watching it tick down. stuart: if it's ticked down that's a quote from minutes ago before that news it out there. liz: and the thing with india, they had really cheap smart phones and people are ordering from their start foe smartphone and they're looking at the beachhead for a piece of that. stuart: right to lead with amazon this morning and not health care. thanks indeed, lizzie. chief justice john roberts delivering one of the most unique commencement speeches for a long time, telling students he wants them to fail, hopes they're treated unfairly and wishes them bad luck. believe it or not, there's a positive message there. we'll find it and deliver it to you after this.

>> it was not just success, but not being afraid to fail that brought you to this point. from time to time, in the years to come, i hope you will be treated unfairly, so that you will come to know the value of justice. i hope you will be lonely from time to time, so that you don't take friend for granted. i wish you bad luck, again,

from time to time so that you'll be conscious of the role of chance in life and understand that your success is not completely deserved and that the failure of others is not completely deserved either. i hope you will have just enough pain to learn compassion. stuart: well, well, well. ashley: wow. stuart: that was a supreme court court justice john roberts. he gave what some are calling a very unconvention al graduation speech to his son's ninth grade. ashley: the millennials with the safe spaces and microaggressions, that's a dose of reality, the chief justice says life isn't fair, get over it. appreciate it, the good times. don't take it for granted. stuart: liz is exploding. liz: no, no, i'm not. exploding, come on.

misfortune, you benefit and how you react to it. and kindness shows the soul and quoting at the end of the speech bob dylan's forever young. stuart: kindness shows what. liz: the soul. >> in this age when nobody can fail, everybody gets a trophy. ashley: yes, yes. stuart: i mean, come on, a little reality. and who in this life goes through without a challenge. liz: that's what he's saying. stuart: how you overcome the challenge is the mark of your character. great guy. liz: common sense. stuart: quick check of amazon, prime market is upon us, they've down $2 despite the government of india saying that amazon can deliver groceries if they wish. it will probably open a few bucks shy of 1,000 a share.

the high was 1017. that was in june. we'll be down a couple of points, if not dead flat. we'll be back to cover that opening bell after this. potsch: you each drive a ford pickup, right? (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame. james: i'll tell you, i might be a chevy guy now. (laughing)

with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c.

jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters.

>> 20 seconds, 17 seconds to

go before we open that market this tuesday morning. i tell you straight up, i want to see how amazon does this morning. i think it's going to get pretty close to $1,000 a share and in four, three, two, one, we will find out. bang! there you go. it's 9:30 eastern time, ladies and gentlemen. they've rung the bell, cleared and clapped and opened 3, 4 points lower. 3 points lower, 21,405. we'll get to amazon in a moment. i think we're there. we've got a quote on amazon in 16, 17 seconds into the trading session. we're-- we're down four points. we're down five points. ashley: down five. stuart: oh, dear. i was saying this morning, amazon is the most important company in the world they've got this, what's it called, prime day going on. ashley: yes. stuart: selling all kinds of stuff. and the stock is down $5, $4. ladies and gentlemen, i

confidently predict $1,000 a share today or in ten years. joining us ashley webster, elizabeth mcdonald, steve cortez and mike murphy. mike,that's you. can any company realistically compete with amazon these days? >> no, wal-mart is the closest out there. no, amazon has built this so long and now they're in a position where they can reach everywhere, they can reach groceries we saw and then they went out and bought whole foods. they're getting what you want at a better price quicker than everyone out there. to the big box retailers, bricks and mortar, you see what's happening to them. amazon has built a moat so big, if you were betting, you'd bet against wal-mart, i don't know who else is out there. stuart: liz, i'm sort of looking at the ripple effect. some department stores are discounting cosmetics. the highest profit margin in their stores often. liz: that's true.

stuart: now they're discounting it, that's because of amazon i'd say. liz: it is. it's a rare move to discount cosmetics. they're 15% off cosmetics at places like macy's. another ripple effect. we talked about the federal reserve president saying, hey, wait a second, noting amazon, there's an effect on inflation. they've had disinflation in the last three quarters. maybe the fed won't raise interest rates, they're saying amazon is driving down prices, including with the whole foods acquisition. stuart: when you and i and our company discuss the federal reserve interest rates, the word amazon makes an appearance. why not everywhere else. liz: it did with the fed president charlie evans of chicago. stuart: steve, we now have jeff bezos 84.8 billion dollars, his net worth. the third richest person in the world and amazon, i keep saying the most powerful company in the world if not the most

powerful. do you think they'll be called to rein them in in some way? >> that's the risk and i agree with everything that's been said. in many ways, it's amazon's world and we just live in it. what could deter this company, is around the world. it's become so ubiquitous, that could be from regulators. i don't think it's going to happen as long as donald trump is president, by the way. this stock was 800 on election day, while people are ordering some things on prime, they ought to send some flowers or something to media prime and to the white house and thank donald trump for its stock. stuart: and we had 1100 or 1150, we had it on the show, it would be in short order. would you buy now at 991? >> calling for a 10% gain, right? >> yes. >> so, i think that's not going

out, out too much on a limb. i think that amazon has enough growth in earnings to support that 10% gain. so, yes, it's expensive, but i think steve is correct in the fact that the thing that could hurt amazon is the government, is eregulation to break them up. it's not alibaba or china, yes. if you buy or sell today, i had a he buy it. stuart: jeff bezos owns "the washington post," the most v virulent against president trump, i'd be surprised if he hasn't wagged his finger at them-- >> i'd be surprised if he didn't. stuart: 991, that's the stock of the day. let's have more of the retail ice age. down big last session, the best

buy, kind of amazon. what's the expression-- amazon'd because of the geek squad. amazon is threatening to set up its own geek squad. not much recovery today on best buy. abercrombie & fitch ends talks to sell itself. it's back up 14 cents today. steve, what do you think about abercrombie & fitch, one of the great names from way back when. can they turn it around? >> i don't think so. in terms of market cap once you go under a billion dollars, i think a lot of institutional investors are no longer interested in your company. there are still hopes that it could take over target although some of those hopes were dashed. i don't wish ill on a company, this went out of its way to engage in culture wars, silly, not part of the core business, if it had to happen to somebody, so be it, am

abercrombie and fitch. stuart: whoa, and one is having a fund to bet against retailers. it's an etf, you buy into it if you think that bricks and mortar stores are going down. would you buy into it? >> i wouldn't. i would like to advise anybody out there to buy a leveraged etf. using the money and borrowing against it, using margin efrj willing, up that investment, is extremely dangerous, when it works in your favor, it's great, but when it works against you, you can be wiped out very quickly. i'd be very careful investing in a leveraged etf. and they also have the nonleveraged ones. down 14%-- [buzzer] >> why did you buzz him? he was on a role. he said leveraged a lot. it's like if you said qe-3 or something.

check the big board. [laughter]. stuart: not much change, 3 points higher, 2 points higher. 21,411 we're up .01%. how about the s&p 500? i think there's a similar narrow movement there, down .1%. the nasdaq, it's taken its lumps recently and this morning down .14%. not much movement on the market thus far. better profits at pepsi, boosted by higher pricing of sodas and snack foods. that's down 1%. microsoft calling for a national strategy that eliminates the rural broadband gap over the next five years, what's that about. liz: proposing a $10 billion broadband to the trump administration for rural places around the country and connect 12 states onto broadband, we're talking rural places. they're saying slow investment

to broadband is hindering health care delivery and agriculture. they'll not saying how much they'll invest. they'll put up the technology, but the tv white space that could be brought for broadband. the u.s. is ranked below latvia and ireland. south korea is the best. the u.s. is the worst of broadband speed. stuart: it's a $10 billion proposition. some is theirs and the recent ipo's are trading off the lows, initial offering price. have look at snap and blue apron, both of them are below the offering price from the ipo. do you own either of them, mike? did you buy them? >> i don't, i didn't. but they've had massive selloffs and yesterday, you had snap break below its ipo price, below 17 and you see that continuing today. and blue apron they were going to price at 15 to 17 and had to

reduce to the low teens, 10 to 11 and now it's down here at 7. stuart: 7. liz: and snap lost equivalent of twitter's valuations and trended down. it was priced at 17, popped at 24, 29 and then action down equivalent to twitter's valuation of 20 billion. stuart: the percentage losses, snap down, and blue ap pron down 7%. ashley: blue apron cannot stand the cost. stuart: that's something to do with amazon, vaguely to do with amazon. >> whole foods. when you look at snap, the underwriter was morgan stanley and they downgraded the stock today you don't usually see this early 0 in a public company. stuart: look at oil, this is important. goldman sachs sees there's some risk that the oil dropped below $40 a barrel. now, what's going to happen here, mike? let's suppose that the price does drop below $40 a barrel. just suppose it does. i know that's speculation,

suppose it does. impact on the market, impact on the economy? >> i think you can look at it two ways, it hurts the energy company for sure and helps the consumer. i think right now, goldman calling for oil to drop 10%, they've not been great on the recent calls on oil. if we get a three-handle, which is popular concensus. you can take it as glass half full. stuart: steve cortez, big picture here, we're at 21,400. are we ready for the second or third leg up of this rally? >> i think so we are. regarding oil, i don't think it's going to break. industrial production numbers have been fantastic, not just in the u.s., but around the world so that tells me, i think there's a floor in the 40's. goldman is usually a smart firm. look at the dow, i think the next leg up is coming i think we will get a successful health care vote next week and then on

to tax cuts, the holy grail of the trump's presidency. once we get that, i think the sky is the limit. stuart: i think that's a good note on which to end. appreciate you being with us. great stuff. check the market please, it's a go-nowhere day. now this, seattle city council, raise income taxes, impose a new income tax on the good people of seattle? if you earn more than $250,000 as an individual, you'll pay more. quote, seattle should serve everyone, not just the rich folks. one of those council members went so far as to say she'd love to be taxed. [laughter] >> we've got it. comedian george lopez says don't deport illegal immigrants to make streets safer, deport the police. actor steven baldwin goes after

that the. there will be more varney after this. (baby crying) (slow jazz music) ♪ fly me to the moon ♪ and let me play (bell ringing) (audience cheering)

>> james down. and j.c. penney announces its finance chief is leaving that rather troubled company. the stock's at 4. what's going on? nicole: the stock is up, and they're not celebrating the departure of management not doing a good job. this cfo, chief financial officer stepping down to pursue other interests and will stay on to advise until august 7th, did a great job until he came on in 2014. he reduced debt. and boosted the credit.

and upgraded by analysts. that's the good news. this may be the pop, the ceo expect to report significantly improved sales results for this quarter. so, things are looking improved and a lot of it because this turnaround guy. stuart: well, the a stock a the 4. 4.50. nicole: it's down like most of the retailers. a little better today with a bright, positive comment. stuart: we'll take that, nicole. i want to go to amazon. i want to bring in linda mcmahon, thank you for being with us. >> thank you, stuart, great to be with you this morning. stuart: open-ended question, is amazon bad for small business? >> i don't think so. i think that amazon has provided an opportunity for a lot of small businesses to get their product into the marketplace. you know, amazon kind of can be looked at as big box stores first were when they came into communities where they're going to put everybody out of business and they don't. they can have short-term

impact, and even some long-term impact, but those small businesses, i think, that are innovative and creative, are utilizing more on-line services to distribute their product and amazon's kind of paved the way for that. stuart: would you listen to demands to rein in amazon? they have really upset, shall we say, the bricks and mortar retailers and various other industries. a lot of opposition to them. would you support any call to rein them in a little? >> i am certainly in favor of free market and i don't look to rein in anyone unless they were really unfair trade practices going on and that short of thing. but it's a free market enterprise and amazon a growing leaps and bounds and there's talk they could merge with satellite companies to distribute more videos. amazon is across many different marketplaces, but i think that

on-line opportunities for small businesses have given many small businesses the opportunity to get in business. stuart: we hear this morning, that the white house plans to have a tax reform draft in place before august. they're going to give it to congress and say, pass this thing, get on with it. you're smiling. do you support that? we do. >> i sure do. i think that small businesses that i've talked to around the country are really anxious for tax reform. that's one of the reasons that there was so much optimism in the marketplace from small businesses, why they were looking more to start or to grow their businesses and they're counting on tax reform. so, i definitely want to see that put in place not only for small businesses, but for everyone. stuart: it's the most important thing for small businesses. if you file under a sub chapter s corporation and you're paying personal income tax rates, get that down. you've got a huge business for small business. a huge boost for small business across the country.

is that the single biggest issue for you? >> it's the one i hear about the most. that and regulatory reform. i can tell you that regulatory reform has been just as big an issue for small businesses, almost, as tax reform. but the idea that those, you know, sole proprietiships or llc's or subs corp.'s could have a 15% tax rate are ecstatic. even any reduction even if it didn't get to 15%. stuart: linda, thank you for joining us today. we appreciate it. >> thank you. stuart: i've got to tell you about the city of seattle. it's moving and we're going to have much more on this story later, but the city of seattle has imposed-- the city council says we're going to have an income tax. there is no state income tax in the state of washington and not in seattle, but they are going to impose one. i think it's a-- >> taxes small businesses, too, and france is going in the

other direction. stuart: tell me about france. liz: macron wants to cut taxes on the upper brackets and that would be small businesses as well. stuart: i'm reading the headline in the financial times, the financial paper. france signals new era with tax break plan for the wealthy. you know, gerard depardu is coming back from russia. stuart: are you joking? >> no, but that's the next step. stuart: he's eyeing a move. macron, the new president, is eyeing a move within the next year to push down tax rates. i've never heard that before. ashley: with the french. liz: i don't like to hear the wealthiest. stuart: it's the drivers, no mention of them. quickly to the markets, we're down, but not much. we're down 8 points as we speak. there's a lot more red than a few minutes ago. two-thirds red and one third

green. they're breaking the speed limit to get to work on time. the cop gives you a ticket. there's an app for the ticket. they send the lawyer to court for you. that's next. [laughter] ♪ ♪

approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget.

all plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. unitedhealthcare insurance company has over thirty years experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you. these are the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. remember, medicare doesn't cover everything. the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪

>> some uber drivers work dangerously long shifts. who says? >> usa today talked to some of the drivers and some said we can work 20 hours straight and go to $20 an hour. and reveals that uber is not regulated like taxi drivers so they don't have the regulations to deal with, to be under and also the uber drivers are considered independent contractors. so they're not regular workers under federal-- they're not hourly worker under federal law. stuart: they're working long hours. we've got to do something about that. there ought to be a law. liz: there's been 100,000 or more car accidents because of driver fatigue. i would ask the uber driver how long have you been working? >> you're telling me there have

been 100,000 accidents from uber drivers. liz: no, from driver fatigue. that's what i said, from the-- >> you sound defensive. liz: no, clarity. stuart: get a traffic ticket, there's an app for that. ashley: of course, there's an app for everything. tikd-- t- t- t-i-k-d. >> the lawyers to this app will take over for you. you pay a one-time fee, but less than what the proposed fine is for your speeding. they will take it over. people say most traffic violations are winnable. if you end up with points against you on your license. this company will refund your fee, but they say they make money nine times out of ten they actually end up making money between the fee and not having to pay the fine.

they don't take on cases involving minors, alcohol, serious injury or death. stuart: fair enough. ashley: 95% of people just normally pay the ticket. they say don't, you can win it. liz: i'd like to see the yelp rating on that. stuart: look at this, we're dead flat. dow industrials are down .1-- .06. okay, dead flat. serious story, ladies and gentlemen, top of the hour coming up. socialized medicine in britain. parents want to take their child to america and pay for care at their own expense. british authorities say, no, the treatment will be too painful and won't work so the child will have to stay in britain and be allowed to die there. my take on that a couple of minutes away. people are stuck

in very old habits of using toothpaste to clean a denture. but dentures are very different to real teeth. they're about 10x softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. it's unique micro-clean formula kills 99.99% of odor causing bacteria and helps dissolve stains. cleaning in a better way than brushing with toothpaste. that's why dentists recommend polident. polident. cleaner, fresher, brighter every day. . . . .

stuart: 11-month-old british baby is the subject of intense debate both in britain and in america. the child has brain damage from

a debilitating genetic condition. here's the question. who should have authority over the child's treatment, the government, or the parents? in britain socialized medicine means government control and the government says little charlie gard should be allowed to die. the parents vigorously object. they have gone to court. they want to take their child at their own expense to america for experimental treatment. the government argues this treatment would not work and will be painful, therefore, the child should stay and die in britain. if this child had been born in america the parents could demand the insurance company pay for the treatment an if the insurance company refused, they could still get the treatment if they paid for it themselves. they could take control of the child. two points, first, this is a cautionary tale about government care. the more we socialize our medicine, the more control we give to the government. second, and perhaps most

important, who would deny little charlie gard his chance at life, even if it's a slim chance? which parent would not move heaven and earth to got their babe by the treatment that just might make a difference? i agree with president trump. bring him here. i agree with those americans who have organized a petition on his behalf. charlie, they say, just deserves a chance. surely we could get behind that. the second hour of "varney & company" is about to begin. ♪ stuart: 31 minutes into the trading session, there isn't that much movement. the dow holding at 211,400. i'm going to say the amazon is the stock of the day, the week, maybe the decade. it is $990, as the amazon day,

prime day continues, down five bucks, 990. earlier it approached 1000 bucks a share again. look at snap. it is now below its $17 ipo offering price. that is a breakthrough, down another 5%. very much the same story with blue apron, had a ipo very recently. went off at $10 a share. now it is 771, down 5% as we speak. that is the market news. i do have to get back to the charlie gard case. president trump tweeted about it. he said, here's the quote, if we can help little charlie gard as per our friends in the uk and the pope, we would be delighted to do so. joining us now fox news contributor and town hall editor katie pavlich. katie, i say, this shows the risk socialized medicine. you abdicate control of the treatment to the government, rather than the individual. are you with me? >> right. the argument you get quote free health care.

it is not free. you give up all your freedom to make all your decisions for yourself and your children. this is a perfect example. stuart, this shows that socialized medicine is a failure on a number of fronts. the first they have completely taken control away from the parents and allowed a series of courts and bureaucrats to decide whether or not this child should or should not get treatment or stay on life-support. the other he issue is, once again we have a situation where someone in the uk wants to send their child to the united states for treatment because we have the best system here and treatment that is not available in the uk because of the socialized system that we see there. and the third thing i think is really important to point out here that is absolutely disgusting and alarming this is what democrats wants. this is what bernie sanders wants for the country. he wants a single-payer, uk type system, cuba-type system where individuals don't make decisions about health care. government will make them for you.

the government will decide when you will or will not take your child off life-support. that is part of the equation they will not admit in those terms. stuart: i could not see who would not be on charlie gard's side. who would not stand up for the parents, i think a god-given right, take control of their own child give him the treatment they can pay for. i don't see you how you can oppose that, i really don't. >> i don't either but we're seeing as we see it play out in the uk as we're watching government bureaucrats believe they know about iter than the garth family what to do with their child -- gard. they're not on the side giving charlie gadd every shot in the book to find treatments to live some kind of a life. here in the united states it is important to point out the house introduced legislation to give his parents, charlie gard legal residency to come to the united states to get treatments. whether the courts in the uk

will allow that to happen, real warning to americans here at home about the single-payer system. stuart: don't erode individual freedom which we have in america versus the collectivism of the brits. that is my point. >> absolutely. stuart: i have to move on. president trump slamming democrats for their obstruction as he calls it. here is the tweet. the senate democrats only confirmed 48 of 197 presidential nominees. they can't win, so all they do is slow things down and obstruct. there is "wall street journal" editorial running the schumer blockade. the gop senate needs to stop democratic abuse of the rules. katie, i don't think there is that much the republicans can do about this. it is obstructionist tactic. it is part of resist movement and using parliamentary tactics to push it through. i don't see what you can do about this? >> the republicans can stand up to change rules, democrats take advantage of cloture rules they

can invoke when it comes to nominations, whether higher level or lower level. at this point in george w. bush's presidency and president obama's presidency, president obama had 183 nominees confirmed. president bush had something like 130 nominees confirmed. president trump only has 50. this gives democrats the argument that the trump administration doesn't know what they're doing. all agencies that he is supposed to be running under his are awry. the reason is chuck schumer and democrats in the senate are using senate rules not to advance debate, to really thoroughly check these nominees but as a political tactic to block the president from having successful presidency or even trying to get his people in place. guess who is still in those positions, in the state department, the department of defense, across the board? previous obama administration nominees who are still there working inside of the trump administration. stuart: that is not good. before we leave you, one last question, katie, have you bought

anything on amazon prime day yet? >> well, i buy something on amazon prime something almost every day i admit because i don't go to the store. so i am an amazon prime member, will be forever. it is greatest thing. i love it. all my clothes are from amazon. everything is from amazon. stuart: bringing you back in a couple minutes before on this. by the way, still 17 hours left in the prime day sale at amazon. right now i'm told you can buy a pair of shoes for 10 bucks. under armour shirt for 2.50. ashley: women's sunglasses. stuart: male producers. of course you can also find deals on amazon echo speakers, kindle fire tablets. look who is with us. timing is perfect today. his name is che wong, ceo of boxed which is also an online ordering -- >> wholesaler. stuart: thank you very much indeed. >> tough crowd today after katie

is like forever an amazon prime member. i don't blame her. amazon is really great service, if you want one-off deal, single item shipped two days or less it is a great, great service. stuart: are they going to buy you? >> i don't think so. they usually try to kill you first. i think for them and for everyone else in the industry i think everyone is trying to chase them but i think that is totally the wrong strategy. when it comes to online, just comes ordering one item two days or less, if you're a retailer chasing amazon you're playing for second right now. you have to differentiate yourself. you have to be number one in your industry, that is wholesale. we have b-to-b client base. we'll never be as big as amazon, perhaps next 10 to 20 years, that is okay. we can still be a big business. stuart: you concentrate on wholesale big items. >> yeah.

stuart: it is non-perishable items. >> exactly. diapers, gatorade, chips, cleaning products, you know, skin care, health and beauty all that kind of stuff generally large items you save a ton. our prices are generally really good. we beat almost everyone out there on the unit price. stuart: okay. >> still you have to buy slight larger and stock up. stuart: what about amazon, on delivery, amazon got beaten people on delivery. how about box? >> we have built a ton of fulfillment centers. you don't need a prime minister membership. most orders arrive in two days or less. 51% arrive overnight generally free shipping. stuart: really? 51% arrive overnight generally free shipping. >> $49 or over if you live close enough to one of our fulfillment centers which 51% of our population do, you get it overnight. stuart: this is privately owned? >> privately owned. started in my garage, three, four years ago when you first had me on the show.

i didn't have a suit on then. stuart: i remember it well. >> you twice called it. it is a change in the industry. past 36 months. stuart: how many distribution centers do you have now? >> right now four. opened fully automated one, full robotics, mezzanine. stuart: fullly automated, order comes in on computer then what. >> vis-a-vis he software the item is assign ad tote, like a big red bin. it moves throughout the system, diverts down the aisles almost like a costco, bj's or sam's club. stuart: what is your rate of growth, can i ask you that? >> we went from garage no sales -- stuart: how many years ago. >> three years ago. stuart: three years ago you were in your garage. >> last year we cleared over nine figures in sales. stuart: you see what we do for you. >> the viewers out there should know that i saw stu in the

hallowed halls here at fox news. i was with investors. stu is like, chaiah from box. investors were like you invested in this man. god bless you. stuart: you've done well. you've done well. >> thank you, stuart. stuart: welcome back, thanks very much indeed. totally different story. i want to update you on a tragedy that occurred earlier today. 16 people on are now dead after military plane crashed in mississippi. what is the latest? liz: breaking news on president's nominee to be secretary of the navy. he is richard spencer. he said 15 marines and one sailor deceased. this happened 85 miles north of jackson in leflore county, crashed 4:00 p.m. central time. 20,000 feet. structural failure. five mile crash debris site as

well. stuart: got it. tragic story, thank you very much. coming up, the white house says, hey, congress, you are going to get a tax plan. we'll give it to you. you will pass it before the august recess. we'll deal with that next. and 21 cities pledging to make a million illegal immigrants citizens by the end of the year. texas attorney general ken paxton will join us on that later this hour. california's governor jerry brown announced a global climate summit. he is inviting the whole world except for donald trump. he will hold it with or without the president he says. those stories an more as the second hour of "varney & company" rolls on.

...is not just something you can see or touch. home...is a feeling. it's the place where you feel safe to have those little moments that mean everything. at adt, we believe that feeling should always be there. whether it's at your house,

or your business, we help keep you safe. so you can have those moments that make you feel at home. ♪you are loved wherever you are. stuart: well, just about holding, 21,400. not much change on the market thus far this morning. look at oil. i think still at $44 a barrel despite a prediction or a forecast i should say from

goldman sachs that it is i amnant danger of dropping below $40 per barrel. oil market, gasoline market, it is at 44. now this, white house moving ahead on tax reform on its own. it reportedly plans to have a draft in place, give it to congress, before the august recess, just get it done. vote on this thing. joining us now congressman louie gohmert, republican from texas. frequent guest on this show. always has a smile on his face. >> i don't know about that but i tell you, i'm thrilled the president is pushing it like he is. a month ago we were hearing people in the senate say, well we were hoping by july and then september but you know, we just may not get to health care or tax reform this year they were starting to say that. god bless him, president called a meeting at white house, that following tuesday, i guess about

three weeks ago, he let them know we are passing these things. we'll do it quickly. boy the tune changed. stuart: that doesn't get much publicity. a, most of the media is saying there is delay here and delay there. i say it myself but you still think that we're going to get a health care bill, we're going to get it, we're going to pass it and we're going to get a tax cut bill, we're going to get it, pass it? >> we have got to. and, stuart, when you and katie were talking about charlie gard, that situation, that is where this goes. i'm so glad you brought that up because that, and it is not so much you know, katie is so brilliant, not so much that it is bureaucrats deciding what is best for you. it is bureaucrats rationing health care and deciding, well, should we, you have had a good life, or maybe you don't have a

chance of much more life but you won't get hp but this person offer may do something great. it is government deciding who will contribute more to society. so therefore who gets the treatment. it is where it goes when you get into this orwellian oligarchy. it has got to stop and has got to stop before august. so i'm glad to hear ted cruz and so many in the senate saying we need to do this before we recess. stuart: let me show our audience what senator ted cruz had to say working through the august recess. pretty strong stuff so roll that tape please. >> it is crazy we would be taking a recess. a bunch of us, myself included urging leadership back from january, let's not take any recesses. work every day, let's work weekends. let's work until we get the job done. we have a job to do, short window of time. so we ought to stop taking recesses, stop taking time off,

just keep going until we get it done. stuart: congressman, what is stopping you? i can't see, i just can't see any member of congress getting away for the august recess? >> well it really is important that we get back and hear directly from our constituents and august is really great for that but the problem is, we have heard from our constituents. they're hurting. they can't afford premiums. they can't afford the deductibles. they're not getting help they need, we have got to do this. also, with the hammer that obamacare has been financially to people around my district, they also need to tax reform. so these are two things, we have just got to get done. and i think the looming visit with constituents without getting it done would be significant in pushing this through. so, i love the fact that the president is still pushing and, that he is going to make sure we get tax reform. look, we passed the repeal of obamacare over and over.

we got a bill to obama's desk. we at least a ought to be able to do that. the president said in his effort to work with us, if you're just repeal it, then i will sign that you know. stuart: i think, i think there will be a health care bill in front of congress. i think there will be a tax cut bill before august. i hope so. >> i do too. i think pressure is there. it is great. stuart: i got to run -- >> freedom caucus is taking same position. stuart: you got it in the end. >> thank you so much. stuart: i'm not going to argue. you're a great guy. >> i'll tell them hi for you. stuart: louie gohmert, good stuff, appreciate it. president obama, no longer sitting on the sidelines. he is getting back into politics. more on that in a moment. ♪

stuart: headline. president obama returns to politics. yes, he will appear at a democrat fund-raiser later this week. don't know what he is going do say but he is back. katie pavlich is back with us as well. first of all, kate at this, a, he can't stay away. b, is he still the leader of the democrat party? >> looks like it. i mean if you look who he is going to be doing this fund-raiser with, former attorney general eric holder held in civil and criminal contempt by congress and nancy pelosi who helped run democrat party into the ground along with barack obama. their argument is -- stuart: you are nasty. run the democrat party in the ground? you can't resist, can you? >> i can't resist. 1000 lost seats speaks for itself.

wins and losses speak for itself. republicans are winning the table across the board, whether statehouses, governors race, house, senate, white house. reality. i speak the truth on the show. stuart: is he popular? >> he is popular personally. always been interesting with president obama's popularity numbers, approval rating. he is personally very popular but as we've seen with his policies, democrat policies over the last couple of years, those aren't so popular. and so when it comes to how they're going to move forward, whether they continue to push the policies, or as they will do at the fund-raiser, they essentially want to sue republican districts to try to gerrymander them back into democrat districts. they're stepping away from policies right now and going back to looking at how the districts add up, and whether they're beneficial to democrats in terms how they're set up for voters. stuart: i don't think that is winning idea. >> no, i don't either. they want to go for it.

stuart: 20 seconds left, katie. but buy anything on amazon since the -- >> i did think about it. i went into my app to make sure i didn't need anything. the day is young. we have a full 24 hours. stuart: when dud have to need something when you're off at a 50% discount? come on. >> that is true. go shopping. find something i like. won't be very hard. products are endless, go right to my door. i can stay at home. not waste the time driving and parking. stuart: order now. katie pavlich. >> environmentally friendly too, by the way. stuart: thanks for joining us, katie. good stuff. by the way did you catch last night's home run derby. yankees rookie sensation aaron judge, well he stole the show. we, by the way had his opening day jersey on the program yesterday. it is up for auction. liz: $20,000. stuart: more on this in just a moment. >> oh!

stuart: michael kors offers democratic luxury and quality items reasonable price, aspirational products, the stock is down. one investment said sell that thing. off 6%. kors back to 33. under armour plans to release second quarter results on august the 1st, they will do it before the market opens. look at that stock price down 3% today at 19. it has dropped 30% in the year is set of. big pop for shares of arena pharmaceuticals. its experimental drug for rare but deadly lung disease produced good results in a mid-stage study. the stock is up nearly 50%. arena pharmaceuticals. got another amazon story. this one is about a lex is is a.

it helped call police during a domestic dispute in new mexico. take me to it,. liz. liz: a convicted felon was beating up his girlfriend. it happened east of alba consider key. he said, i will kill you if you call the cops. he said, did you call the sheriff? that apparently triggered the alexa device which apparently called the cops. the cops showed up. he is under arrest, multiple charges, aggravated battery. at the time he was basically kicking her in the face and stomach. her daughter is there. she is unharmed. she suffered minor injuries. he faces prison time. stuart: let's move on. toughstory. the u.s. has successfully tested the thad antiballistic mills sill system. ashley: one week after north korea launch the that

intercontinental ballistic missile. it launched from alaska and took out this particular weapon. they're 14 for 14 with the thaad system, essentially protects you because it can take out the missile heading your way. stuart: warning to north korea. they can shoot your missiles down. a dozen sanctuary cities plan to make 21 million illegal aliens into sit is sense. what. >> a is very good point. stuart: i'm not a lawyer but i stayed at holiday inn express. >> i've been dealing for immigration for years. i don't know any way a city can do this this is good talking point. in reality it is made up. stuart: you don't have, you are

getting rid of sanctuary cities in texas, i think? >> yeah. we just passed legislation this past may. the governor signed it. we're involved in hit mitigation already in -- litigation in san antonio and austin. there has been successful cases in the past from arizona. we're president confident we'll win. stuart: at the end of the day you think you can eradicate sanctuary cities in the great state of texas, city of austin is included. that is the holdout, isn't it? >> absolutely. i think their funding can be taken away. there are consequences to elected officials that push forward. you can still have sanctuary cities. but there will be pretty severe consequences if they want to continue down this path. stuart: president trump offered support for terminally ill british infant charlie gard. in fact president trump tweeted about this. here is his tweet. if we can help little charlie gard as per our friends in the uk, and the pope, we would be delighted to do so.

attorney general paxton, the child's parent would not be facing this legal bat early if they were in the u.s., have i got that right? >> that's right. god bless for donald trump. you and i both have been in the government health care system. so have i. shouldn't be government or independent agency making this decision. in the u.s. it is up to the parent. that is where it should reside. the parents are really care about the kids. that is who should be making decisions. stuart: they have socializeed medicine in britain. they started it way back in the 1940s. we don't have it here. do you think the charlie gard case is a warning against introducing more socialized medicine in the united states? >> absolutely. this is the natural result of socialized medicine. the natural result of the government making decisions and then the decisions don't come down what is best interests of a child. it comes down to cost and look at or the kinds of factors. ultimately if we want good medical decision, needs to be in

the hands of people affected including parents. stuart: why is texas so different from everywhere else? you regular appear on this program you always show us texas really has a different state of mind, certainly legally and politically from any other state that i can think of. what is in the water down there? >> you know what? that is a great question. my father was an air force pilot. so i lived all over the country from california to new york. i chose to live in texas for the very reason you're talking about, attitude of people is very independent. they don't need the government doing everything for them. they want opportunity, they want freedom. that is why it is such a joy for me to represent the people of texas. stuart: i'm ashamed to say the only part of america's coastline i don't know fairly well is the texas coastline. i don't know of any beach in texas. i've never been to one yet. >> well i'm inviting you to padre island. come on down. stuart: that is what i was looking for. last 20 seconds i was looking for -- only state i have not

been to is montana. the interior secretary who comes from montana invited me to visit. you just invited me to the texas beaches. if you're not careful i will be there. attorney general ken paxton. thanks for joining us, sir. thank you. appreciate it. >> tell me when you want to come i will be there. stuart: thanks very much, ken. appreciate it. it is 10:36 and seven seconds, that means come on in, brian kilmeade, "fox & friends" host. brian, before we get to baseball, this is serious stuff, what is your take on the charlie gard case? >> i guess if the percentage says this little child has 10% chance of living somewhat normal life you give them that chance. however i can totally understand where the parents are coming from when he says the baby can't cry, can't feel, can't respond. so it is just a lose/lose situation overall but stuart, i thought about you, because you always talk about how great it is in america. you know, to me, you know with

britain and u.s. not much of a difference, my goodness, in britain you have no control of the health of your child to make these decisions? that's unbelievable to me. stuart: yes, socialized medicine in that system, you abdicate some of your responsibilities as a parent to the government. i can't get behind that. british national health service works fairly well for great number of people and it is very popular. when you are talking principle like this, they lose. america wins. >> how about this, are we heading that way with single-payer? stuart: yes. >> if democrats get their way with single-payer is that where we're heading? stuart: yes we are. got to do something about that. that is my opinion. move to baseball. new york yankees rookie aaron judge, won the home run derby. brian, you may not know this, on our show yesterday we had his opening day jersey which is up for auction.

the suggested price was 25,000 bucks. after the performance last night i have a feeling that is a good investment, what do you say? >> absolutely. we had tom verducci, one of the finest writers in baseball. he brought up a great point. he is not overnight success. he had one home run freshman year in college. last year he batted .176 with the yankees in a brief stint. this is not babe ruth story out of a foster home, teaches himself to hit on instinct, goes from pitcher to the greatest home run hitter pound for pound ever, aaron judge is somebody people can relate to, because he earned it. he is 6'7" 282, bigger than life literally. has manners of derek jeter, he is on number one team, sorry manchester united, in all of sports. he did it with such class last night. did it against jason bour first baseman for the marlins. his home park.

that guy hits 21 home runs. hits 23 or 22. wins it. he is doing to baseball what meek call jordan did to basketball. stuart: exactly what baseball needs, a shining star who hits home runs and excites the crowds. that is what it needs. >> factor as much as fox sports made investment in baseball, it has been popular, ratings are not huge. it is regional sport. cardinals in midwest loves it. rangering you love it. in football we care about every team. this is guy they will show up to watch. doesn't matter how your team is doing, if he is playing that will equal success this is exactly what baseball needed. waiting a long time for it. this is pretty much a guy, man made in the field rather than through a needle. and i just think that america needs somebody like this. stuart: you know, finally got something right there, kilmeade.

we're done, okay? >> wait a second. you asked, asked me to come on and then you diss me. i don't understand this. hurt myself esteem. stuart: you're so wrong about manchester united. that is you all it is. >> they got rid of rooneys why watch? stuart: very good. >> thank you. welcome back to -- stuart: welcome back to -- radio he show. government of formerly golden state of california, democrat jerry brown holding a climate summit next year, after president trump pulled out of the paris climate agreement. now what is jerry brown up to? we'll discuss. supreme court justice john roberts had a message for college grads. i hope you are treated unfairly. i hope you suffer betrayal. yes he wishes you bad luck from time to time. why? because that will teach you the real meaning of loyalty and how to come back from a problem.

we'll play you the sound bite in a moment. ♪

so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. ♪ ashley: the white house plans to have a tax reform draft in place before the august recess. hmmm.

small business administrator linda mcmahon says businesses are certainly anxious for it. roll tape. >> they are going to give it to congress and say pass this thing, get on with it. you're smiling. you support that? >> i sure do. i certainly do. small business that i talked to around the country are really anxious for tax reform. it is one of the reasons there was so much optimism in the marketplace from small businesses. why they were looking more to start or to grow their businesses and they're really counting on tax reform. so i definitely want to see that put in place. not only for small businesses but for everyone. ♪ today, we're out here with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die

from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea

or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters. stuart: california governor jerry brown will hold a global environmental summit in san francisco last year. larry sail almost, did i just say salem, didn't i? larry elder, salem radio nationally syndicated host. >> i've been call worse. stuart: i'm sure you have. what is jerry brown up to? is he presenting himself as alternate environmental leader here? >> i think so. this is the same guy who once said economically the minimum wage may not make much sense but makes great moral sense.

that is only wray to look at this. doesn't make any sense economically. even if california were able to implement every single climate change rule jerry brown wants it would not make one part -- particle of difference in world environment. it's a joke. ceo magazine ranks california worst state to do business, every year the magazine has been in business. that is eight or nine years ago. stuart: this environmental system popular in california. despite all of that, i'm pretty sure it is very popular. >> most people have no blooming idea how many jobs it will cost. have no blooming idea how many people left california for other places like texas to do business. california used to be headquarters of every single one of major oil producers. pretty soon it will be headquarters of none of them because of these rules. people don't get it, in part

left-wing media cheers this stuff and won't drill down to look at economic impact of it. stuart: hold on a second. i want to show our audience and you, what chief justice john roberts said at commencement for his ninth grade son. he had unique advice for students. listen to this, larry, and our viewers. >> it was not just success but not being a afraid to fail that brought you to this point, from time to time, in the years to come i hope you will be treated unfairly, so that you will come to know the value of justice. i hope you will be lonely from time to time, so that you don't take friends for granted. i wish you bad luck again from time to time, so that you will be conscious of the role of chance in life. and understand that your success is not completely deserved and that the failure of others is not completely deserved either. i hope you will have just enough pain to learn compassion. stuart: well, that was different, wasn't it? you know what, larry?

around this table we all think that was pretty good common sense advice and we like to hear it. what say you? >> i agree with you. i don't see anything controversial about that. he sounds like my dad. my dad told us hard works wins. you get out of life what you put into it. you can't control out come but 100% of the effort. go to the nearest mirror say to yourself what i could have done to change the outcome. sooner or later bad things happen. how you respond to those things whether or not me and your mother raised men. they told us that all the time. stuart: larry, it worked. >> i appreciate it. stuart: i have another one for you, comedian george lopez kind of under fire for instagram post. trump administration is deporting latinos to make the streets safer. you want to make the streets safer, deport the police. larry, your response to that. >> george lopez is comedienne.

i assuming he is making a joke. if he wasn't a making a joke, urge him to go to their neighbors, if they're okay trying the pilot program in his neighborhood? i think he was joking. we ought to lighten up and not jump so hard when comedians say thing, whether george lopez or bill maher. stuart: point well-taken. good stuff. 30 seconds. have you bought anything on amazon prime today so far? >> i must say i'm not a big online shopper. i'm old school. i like to pick things up, look at them, before i buy them. stuart: what's wrong with you? you actually go to shopping malls and wander around aimlessly, picking out stuff, you do that? >> i was probably the last guy you know to get a smartphone. one time oprah winfrey called me. i wasn't there. she asked my assistant, what is his smart phone number. for that reason i have never spoken to oprah when from by phone.

i got a smartphone the next day. stuart: one reason you don't shop online. larry elder. see you real soon. >> my pleasure. stuart: a new app is out i should say. help you fight a traffic ticket. how does it work. ashley: tikd. you get a ticket. speeding. send the operator of this app, time, location, fine amount. send them photo of a ticket. they will have a lawyer represent you. pay a one-time fee, which by the way would be less than the fine. they say they can beat almost all of these tickets. they won't take on cases involving minors, alcohol, et cetera. what an interesting concept. stuart: they can beat the ticket? ashley: what they say. stuart: same old song and dance from the democrats. object and obstruct. senator schumer blocking president trump cabinet appointments, many of his executive team. this is, object here is to obstruct. more on that in a moment. whoooo.

i enjoy the fresher things in life. fresh towels. fresh soaps. and of course, tripadvisor's freshest, lowest prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantly compare prices from over 200 booking sites... ...to find you the lowest price... ...on the hotel you want. go on, try something fresh. tripadvisor. the latest reviews. the lowest prices.

>> the fact is we have a man who is proud, the president is proud of what america stands for and then he is being accused of being a racest. it is asinine, stuart. it is self-loathing what it is. stuart: strong stuff there, sebastian gorka, he gave strong commentary of the mainstream media.

he called the coverage of the president asinine. many of you are writing on this subject. here is david. sebastian gorka is one of the few that steak up for the president. most of the establishment are a bunch of gutless cowards. strong stuff. roy says this, the media is so corrupt. it is a disgrace. there is no more journalism. ashley. ashley: sebastian gorka is such a good guest. he speaks so clearly. he does say exactly what a lot of people think. self-loathing asinine. why should we be embarrassed for what we stand for? stuart: right. ashley: why is it racist to say we need to defend western civilization? we'll pc ourselves right out of existence. stuart: you're right. lizzie have the look on your face. liz: i was agreeing. he says, basically journalists be journalists. why don't you question democrats lack of strategy, lack of policy. whenever there is terror attack, there is lot of words. this is strategy.

what about their seemingly open borders policies? democrat were never like that. they wanted tough border security. bill clinton and barbara jordan overseeing that in '90s. race riots under obama, lack of academickic growth. all talk, just policy, talk, they would build a wind power to power the east coast with all -- ashley: eight years fawning over mr. bam. liz: the media doesn't challenge democrats lack of economic policy and strategy. stuart: you're so right. president goes to europe, outlines america's position. what does the media concentrate on? the mistake about a a handshake between the polish first lady. that is ridiculous. liz: breathtakingly tedious. stuart: we'll end on that. breathtakingly tedious, ladies and gentlemen. not a description of "varney & company" by the way. and we'll be back. the better, i go with anoro. ♪go your own way y,

♪go your own way once-daily anoro contains two medicines called bronchodilators, that work together to significantly improve lung function all day and all night. anoro is not for asthma . it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. ask your doctor about anoro. ♪go your own way get your first prescription free at anoro.com.

stuart: here they go again.

the socialists of seattle have approved a new tax on wealthy city residents. oh, my. washington state does not have a state income tax. seattle wants to fix that. the city council has approved a tax on high incomes. they think it's a prelude to a statewide income tax. can we be clear? this tax is punitive. it is punishment for success, and it won't work. remember maryland imposed a millionaires' tax some years ago. that didn't work. the rich simply moved. remember also that seattle imposed a much bigger, higher minimum wage. that led to employees working fewer hours and taking home less pay. the city council tried to cover that up, but the truth is out. yet again, the social its have hurt the very -- socialists have hurt the very people they said they were helping. please, don't forget seattle's special tax on guns and ammunition. that didn't work either. it didn't bring in anywhere near

as much money as expected, and there was an explosion of gun violence. it's the law of unintended consequences. you tell the world that you have a heart, you're helping the poor. the wicked rich should be squeezed. hit 'em with a tax. then reality sets in. the poor are no better off. in fact, they lose ground. youth unemployment goes through the roof. businesses move and hire fewer people. and the rich move to texas or florida. it's a sad lesson, one which the socialists of seattle do not want to learn. the third hour of "varney & company" is about to begin. ♪ ♪ ♪ ♪ stuart: well, well, well. i have been told that is ac/dc,

"back in black," apparently. we've got a busy, star-studded hour for you just ahead. look who's with us, ann coulter, actor stephen baldwin and mark steyn all in this hour. but first though, as always, we will deal with your money. check that big board. here are the dow 30, we're up 26 points on the dow. even split between green and red, up and down, pretty even split. all right, i want to get back to seattle. as i just said, they've imposed this tax on wealthy city residents. here to react is the best selling author, peter kiernan. i think there's this law of unintended consequences. it doesn't help, it hurts the people you say you're trying to help. what say you? >> i say history is a great teacher in this respect. every time we try and raise taxes on the rich to help the middle class or the poor, it always goes into the land of unintended consequences, just as you described.

stuart: but they say this is how you reverse this trend towards income inequality. the two sides, the poor and the rich move further apart, tax the rich to bring them more in line. does that work? >> they have 100% command of half the problem. let's say you've got the dough. what are you going to do with the money? and time after time the people who have received those tax receipts don't do appropriate things with the money to help the poor and the middle class. and so they have half of this answer, and that's never a full, complete answer. stuart: we should always make the point in this country we do not tax wealth. we tax income. result? if you're a striver and you're getting up there in your income, doing what you wanted to do, what you're supposed to do, you get taxed. but if you're sitting on $100 million worth of amazon stock or something, there's no tax until you sell it. >> there was one fellow i know in idaho, the richest man in idaho, had three million acres of land. that's the size of connecticut.

paid almost no tax through his whole life. he held this as an appreciating asset. he never paid tax until, ultimately, his estate did. stuart: you go to the bank and say, give me a lope. there's the security -- a loan. you get the loan and you don't pay tax. >> nope. stuart: you've got access to the cash, but you don't pay the tax. >> the other thing is they start with the rich, and it always drifts down lower and lower into the middle class. it always does. >> to peter's point, it's why bernie sanders invested in three homes, right? [laughter] stuart: well done, liz. 15-love to you. we hear that the white house is going to deliver a tax plan to congress this month, july, and say here it is, vote on it, get on with it. will that work? >> listen, i think it's months too late. anybody who is in a party, political party that goes after health care first has an albatross around their neck. it didn't work for obama. he spent all of his political capital on obamacare. look at what it did to the clintons.

why did the president make the same mistake? i don't know. let's go for the tax cut. that's the place to start. stuart: we had a professor of economics yesterday who said, look, if you don't get health care reform or tax cuts, you'll have recession. >> i think he's all wet. i don't remember too many recessions where we had low interest rate, low volatility, low oil and low unemployment. show me one of those, and i'll say, okay, he's right. there's no chance of recession in the next 6, 8, 100 months. we're going to be find. we have a low, slow-growth economy, 2%. we can make a living at 2%. if we do some things to bump that up to 3 or 4, we can make a very good living as a nation. people use recession, i think that's reckless and wrong. stuart: well, there's an in the money sound bite right there that will be repeated endlessly. [laughter] thank you very much. now, there are some recent ipos which are trading below their initial offering price. there you have them.

snap is down to $15 a share, the offering price, i think, was 17. down 5% today. look at blue apron. offering price at 10, now down at 7, off 6% today. but you saw this coming with snap, didn't you? >> i did. i was on this program with you, and what we saw was that stock was priced to perfection. they had to have a billion dollars in earnings in a couple years, and all it took was one little stumble for that thing to come right back down to earth. they are nowhere near where they want to be on the advertising revenue or user acquisition, they're nowhere near monetizing all those millennials. until they get beyond the experiment stage and turn into a cash flow-generating business, they're going to be in the teens. they're going to be teenagers until that time. stuart: okay. i've got to talk about amazon. earlier today i said amazon is perhaps the most -- i didn't say perhaps, i said amazon is the most important company in america. one of the most powerful in the world. we're in the middle of prime day; that is, selling to prime

members, 79 million of them, at an extremely big discount. have you bought anything from amazon today? >> i haven't, but the thing i would encourage you is amazon is one of the great companies in america. they have figured out so many things, and all they have to do is turn their energy towards something like the geek squad -- stuart: yes. they ruined best buy yesterday. >> they'll alter an entire mini industry. look at amazon. this is a natural respiration. these stocks go up and down and particularly on a day like today they're going to demonstrate how much money they can lose in order to create more prime members -- stuart: do they lose money? >> oh, my god, they're selling a mini ipad, their little moneyny fire for $49. that's half price. it doesn't matter because what we're going to see in two or three days as you walk around this country, this great brownaway of amazon boxes being -- wave of amazon boxes all over the nation. they're going to have a huge

day. >> it's a way to get more prime members. studies show they don't comparison shop and tend to spend more when they do prime shopping. this is the third straight year in a row that amazon is down, but the stock was popping in the runup to today. it was moving about 5% higher totally over the last two days. >> and with each new member, their market share goes up, and it's another little nail in brick and mortar. stuart: i keep looking through my notes here, and i've got amazon the alexa, the little one, that's down to about $30. >> echo. yeah, the dot. stuart: the echo dot. $30. and the bigger, taller one, i think, is like 80. >> cut in half. stuart: so theoretically, you could order up an alexa, speak to alexa, get me a box of diapers -- >> right. stuart: -- and it's deliveredded the next day. >> right. >> here's one of the great companies ever. i wish i'd bought on the ipo and held. it's up about 10,000% since then. [laughter] i think it's going to see a 1

after the first number after a 9. i would be patient. don't worry about the unnatural respiration of stocks going up and down. this is a long-term hold, in my opinion. stuart: peter, stay there for the hour. coming up later today, steven baldwin. remember, he's one of president trump's earliest and biggest supporters. we'll get his take on the president's european trip and the critics thereof. don't forget mark stipe, he'll be with us -- mark steyn, he'll be with us later this hour. but first though, ann coulter. there she is coming down the hall. yes, she's in progress. [laughter] down the hallway, into the studio with us after this. ♪ ♪

stuart: take a look at "the wall street journal"'s new editorial. the title? running the schumer blockade,

the gop senate needs to stop democratic abuse of rules. it outlines some of the ways democrats are stalling president trump's agenda. here to react, the author of the book "in trump we trust," ann coulter. journal editorial makes the point that the president has put forward all these nominees for various jobs in his administration, and a tiny number have been confirmed. >> yeah, shocking. stuart: and it's deliberate on the part of schumer. i don't think there's much the republicans can do about it, is there? >> i think there are things republicans can do. but maybe we don't need all these guys. the government seems to be running. [laughter] stuart: oh, really? that's a different take, i've got to say. >> i mean, maybe they're not really all that necessary. we do need judges. but i do -- stuart: part of the problem, forgive me for interrupting. you've still got obama-era holdovers -- >> yeah, yeah, yeah. stuart: in the administration. some of them are leaking. >> the judgeships are important. stuart: yeah.

>> but there are things republicans can do. i do think we're getting a little republican obstructionism with trump as well, come on. it takes 51 votes to confirm the nominee, so they put in, what, these blue slips and say they know i'm holding. a one-person filibuster? no. mcconnell should say you've taken this too far. we're not going to let you put in your blue slips or yellow slips or whatever they call them and have one person stop a nominee. in one case, thom tillis, he is going precisely against the trump agenda. he refuses to confirm the head of the immigration service unless he can get a bunch more cheap foreign workers for the chamber of commerce. stuart: well, that's a breakdown of the republicans. >> yeah, it is, but there are things they can do, in other words. and mcconnell could do something and also i think some of these republicans ought to be called out. stuart: now, there is some criticism of mr. mcconnell at this moment. he says, we understand, that

he's going to present this health care bill at a luncheon today and try to get a vote on it fast. are you critical of -- yes, you are. [laughter] yes, you are. >> no. i think this is crazy. i don't know why they won't pass the one-sentence bill that i keep recommending saying there shall be a free market in health insurance. we have a businessman as president. this could have been a golden opportunity for republicans to explain how all these back-scratching entitlements do not work. let the entitlement -- no, no, no, you don't repeal obamacare. keep welfare for the welfare recipients, but let people like me buy health insurance on the free market, which it is illegal to do. stuart: is that senator ted cruz's idea? >> i hope so. i've heard he has a good bill. i wish they had done that. and, by the way, usually republicans get complained about because they're all talk, no action. where are the hearings? i want to hear from the doctors saying 25% of us have gone out

of business, all of the medical malpractice cases, our insurance has gone through the roof, all the preventative medicine and useless tests that are given. and what is the problem with obamacare? i know your audience cares about the taxes, but that is not what the big problem is. the problem is the high premiums, the high deductibles. they can't get health care. stuart: you're really disappointed with the republican party, aren't you? you're not so much disappointed with president trump, although maybe you could -- [laughter] okay, okay. but you're very disappointed with the republicans. >> yes. stuart: you don't think stuff's going to get done, do you? >> i think a lot of them really, really hate trump every bit as much as msnbc does, and they're slow-walking everything, and they're not helping him. stuart: okay, look, you've not been on the show for, i think, two weeks. >> two weeks! this was an oversight. no, it was july 4th. in,. [laughter] stuart: okay. i want your take on the way the left treated president trump's trip to europe.

[laughter] i think that the president went out there and stood up for america and america's position and western values. and the media went right at him because of some kerfuffle about the handshake with poland's first lady. >> and shockingly, they won't defend the west. they hate the west. stuart: exactly. what's wrong with them? >> i have it all described in "adios, america." some democrats want to overwhelm our country with third world immigrants that do not love america. trump keeps incorporating that, we want to bring in immigrants who love our country. bill clinton started the huge wave of third world immigrants in the '90s because they figure, oh, we'll have hegemonic control of in this country. the immigrants are voting for this, and they are. 80% of immigrants since 1970 vote for democrats. but there is also the democratic base which is the hard left, and they hate america. they used to go fight off, you

know, in peru with revolutionaries. now they can destroy america from home. [laughter] stuart: you know, i hate to say it, but i think you're a long way right on this one. >> and the way they revealed themselves at that response to his speech. stuart: i thought it would be over by now, but it's not. it's getting worse. [laughter] ann coulter, come back and see us very, very soon. >> yes. perhaps next week. stuart: careful. [laughter] thank you, ann. >> thank you. stuart: now this, comedian and actor george lopez slamming the president and the police. we'll tell you what he said. and actor stephen baldwin will be here the ore act to mr. lopez. also this hour mark steyn, we'll get his take on the president's speech in poland. he says just like ann coulter just said, because the president touted western values. the left can't handle that. can you believe it? this teenager on your screen won the lottery twice in one week. stay with us, please.

♪ ♪

stuart: a teen in california just won the lottery twice in one week. rosa dominguez, she's 19. she first won $555,000 on a $5 scratchoff ticket at a gas station. a few days later she brought another $5 ticket, she won $100,000. she plans to go shopping and buy a car. i didn't know you could play the lottery at 18. >> you can, that's the rule. but if you go to a casino, you have to be 21. stuart: that's it. she's 19, by the way. >> and very lucky. stuart: actor daniel craig considering playing james bond for the fifth time. one possible reason? last september it was reported that craig had been offered $170 million to star in the next -- >> that would do it. stuart: that would be some inducement, would it not? look at this, budweiser rolling out 11 new cans and

bottles featuring the names of states where budweiser beer is brewed. they also incorporate state mottos, initials and nicknames. pick them up in stores -- i'm not sure that's a particularly big draw, quite frankly, unless i'm mistaken. >> i think there's big money behind those ohio cans. [laughter] stuart: look at this. we've got an 86-acre island off the coast of maine for sale. asking price, $7.9 million. what do you get? 1200-square-foot mansion, ten-stall horse barn, a tavern for entertaining, private chapel and a boathouse with deepwater pier. no thanks. i get seasick. coming up, varney favorite mark steyn. we'll talk to him about health care, taxes, socialism. it's all on his agenda. but first, look who is coming down that hallway. that man, steven baldwin, one of president trump's earliest and most avid supporters. he's with us in a moment. ♪

(baby crying) (slow jazz music) ♪ fly me to the moon ♪ and let me play (bell ringing) (audience cheering)

stuart: sudden development. the dow industrials now down 100 points, almost all of this loss came in, literally, the last two or three minutes, four or five minutes. peter kiernan, what's going on? >> a lot of people are pointing to the release of the e-mails by donald trump jr., and if that's why you're selling, let me tell you, buy on this weakness. it has nothing to do with the strength of the market, this is an overreaction. stuart: "the new york times" has gotten hold of donald trump jr.'s e-mails -- >> he released the e-mail chain. stuart: okay. he's released the chain, and the market thinks that's a reason to sell off. >> i don't think it's a reason. i think this is a chance to get a little cheaper. stuart: also you say that janet yellen speaks today. a problem? >> and also the big banks are down, goldman, wells fargo trading down right now. would say about those e-mails, "the new york times" reporting that donald trump jr. knew that russia wanted to assist donald trump in the election. stuart: so that's why the market has taken that as a big

negative. financials, all of them down significantly. >> three of them report on friday, the earnings report for jpmorgan, wells fargo and citi are friday. i think people are expecting flat. i think it'll do better than that. stuart: just to sum it up -- the market was listening toyou, peter kiernan. we were down 103. he says it's not justified, and now we're down 98. youyou've got to watch this program, folks. let's get to politics. the white house is moving ahead with tax reform. they're going to have, the white house wants a plan this month in front of congress and will say get on with it and vote. joining us now, fox news politics editor chris stirewalt. i think i've got this right. the white house wants to have a draft edition, so to speak, of tax reform, give it to congress this month and say vote on it now. what's the chances of that happening? >> well, people in hell want ice water, i suppose. people want a lot of stuff. that ain't gonna happen. they're gagging on health care

right now. right now congress is in realtime failing on health care, and they know it. they can't get there. they don't have the votes. we're waiting for scores, we're waiting for all stuff. you can say -- or the president can say i want a tax plan. i want an infrastructure plan. i want all these things. when you -- as calvin coolidge said, when you don't know what to do, do the work that's in front of you. and the work that's in front of congress is trying to get this health care bill done. stuart: so in your estimation, there's not going to be an august recess. there is no way on god's green earth that lawmakers can go away when they haven't completedded health care reform or tax reform. >> well -- [laughter] i mean, if they stay and don't do anything -- so the thing that they don't want to do is have a symbolic work session in august, because these people have to go campaign. the reason that there is an august recess isn't for them to go to the beach. this is the time that the 2018 cycle really starts in earnest. they want to go home.

they want to be in their state, press the flesh. they're not going to stay here just for a symbolic action. and mcconnell, mitch mcconnell is basically telling them, look, you have one more chance to pass something that looks comprehensive on obamacare, or i'm going to bring you the pain. and the pain -- and this would not be hard to imagine, that before they leave for an august recess, mcconnell brings forward a patch for obamacare that costs $8, $9 billion. a patch for the next year. do it with a bunch of democratic voteses and then leave town for august recess. that's not out of the question. stuart: we're going to leave it at that because we're short of time, but that would be quite a solution, if solution's the right word. [laughter] chris, thank you very much, indeed. we'll see you again real soon. i want to get back to president trump's g20 trip. the media just picking apart his performance left, right and center. our next guest says the trip was a success. here now, one of president trump's earliest and most avid supporters, steven baldwin.

they really did, the media just took the man to pieces. here he was defending western values -- >> right. stuart: -- and he can't even do that without being attacked. >> well, it's quiting obvious -- [laughter] literally especially even getting back to donald trump jr.'s e-mails. i'm speechless about that. is this the first piece of evidence? you guys are the professionals, you're the experts, you're the numbers people. i'm a guy that likes to come in here, thank you very much, mr. varney, and simply say that's a lot of nonsense. obviously, they're beating a dead horse in continuing with that. and the hollywood folks and this opposition, they're not going to stop. stuart: never. >> haters are going to hate because me, you know, which team i'm on. i'm all for president trump. stuart: but it's getting worse and worse and worse. i want to go back to this g20 meeting. >> sure. stuart: the president stood up in poland and made a terrific speech defending western values. >> correct. stuart: he said it. we need to defend western values.

how can we have a president of the united states of america who's criticized and called a racist, actually, because he defends western values? i don't get that. >> well, what's interesting to me, stuart, is president trump is standing up for western values. what have we had eight years of? apologizing for western values. so i think it's going to take a while each in that mentality to turn this thing around and the sensibility that people have. but god bless donald trump. of he's the president, and he's doing his job. stuart: how about comedian george lopez. >> yeah. stuart: he slammed president trump's order, illegal immigration crackdown. here's the instagram. the trump administration's deporting latinos to make the streets safer. you want to make the streets safer, deport the police. your reaction to that. >> well, again, george lopez, love you, george, you're a funny guy, praying for you. he's just another angry liberal guy that, you know, part of the hollywood, you know, family that

wants what he wants. and what's unfortunate, i've said this before. lopez is another guy that, like the hollywood community as a whole, he thinks he understands what's better for the people and yada, yada, yada than the people themselves. stuart: ever thought maybe we should not be giving him this kind of publicity? maybe he was reaching for a headline, and we shouldn't give it to him. >> he's said a bunch of crazy stuff recently, in the last year and a half. so i would just say it's not surprising, it's right in line with a whole bunch of other hollywood folks that are going to do everything they can to fight this president tooth and nail, and they're going to lose. stuart: okay. president trump tweeting this morning, i'm getting it on the screen, i think. working hard to get the olympics for the united states. l.a., in parentheses. stay tuned. what do you say to that? you want the olympics -- >> well, this is the thought. when i heard that, this is the thought i had. i think i want president trump to adopt me -- [laughter] because how cool is it? like, imagine being one of his grandchildren to america -- of

course, we don't want big government to be daddy, but president trump's kind of like a daddy in a little way. hey, all you americans out there, you guys want an olympics at home here? [laughter] imagine being his grandchild. what's he giving them? it's a brilliant idea, wonderful business opportunity and wonderfully patriotic. i think it's great. stuart: and it's a direct communication with the people of america. the media's totally left out of it. >> absolutely. stuart: i've got to get this from you. what's this about you and bitcoin? you want to explain that this? >> well, a very dear friend of mine, max kaiser, is a financial guy. he does the kaiser report, and he's one of the big guys in this clip toe-currency thing. you've got coins out there, you have a max coin, you have z can eratosois, something like that. crypto-currency is kind of like stocks a little bit, only you

can't take stocks and pay for something. so this is on the boom, it's a great way to make money from home, and max kaiser is co-producing with me a new show that we're going to be doing called "great american pilgrimage." it's a road show where we're going to go out -- you're going to love this. i'm going to want you to come on, if you don't mind. but we're in an rv meeting everyday or americans, saying to them what do you think america's about? what does america mean to you? because, stuart, the more we let the people talk, the more people start leaning more -- now that president trump's in -- towards common sense. it's interesting. stuart: all right. >> it's a fun new show we're doing, it's going to be funded most likely by one of these bitcoin companies -- [laughter] stuart: ah there, you go. >> busted, baldwin. max kaiser's my guy producing that, and he's amazing. i tweeted about him k and you should have max on to talk about it sometime. stuart: okay, you've got it. stephen baldwin, thanks for joining us. we do appreciate it. thanks a lot. i want to get back to wall

street. we were down 103, now we're down a mere 86. peter, you said that this was because of the release of donald trump jr.'s e-mails. the market took a look at it, sold off to the tune of 100 points. you say that's not justified. >> i don't think it's justified. i do think there's some concern about the banks who are going to report in a few days. but if you look at what's going on, this is just a general aspiration because we don't really have, we really don't have a catalyst to make it go. why? because people are saying earnings are going to be up 6% this quarter, that's what they're guessing. well, if they're up 6%, that's great. that's four quarters in a row. but that's not enough to justify the valuations you see on the screen. so i think people are worried are we kind of getting toppy here? and the market is behaving that way. stuart: that's the first time i've heard you say that, because you were pretty much gung ho for the market -- >> listen, i think four quarters in a row is fantastic, but we need something to take us to the next level. if you're only growing your earnings at 6%, that's not

enough to justify a 22 or 3 times multiple on your earnings. i'm just saying we're taking a little bit of a breather. don't freak out. there are some people who are buying stocks very, very effectively. for the last year, active managers have outperformed the indexers -- >> i wouldn't say it's just the trump e-mail exchange. janet yellen will be testifying about how the fed is going to up load all those bonds sitting on the balance sheet that they bought during the banking crisis finish. >> i think that's what they're goinged to do in september. rather than doing a rate hike. you know what? i don't think it's a terrible thing. it's a bullish economy. let's show that we can sell these bonds out of our fed. stuart: if we spent too much time on the fed, janet yellen and bonds, we'll get the buzzer. >> we're very close. stuart: thank you very much, peter. >> i'm through here. [laughter] my work is done. stuart: look who's going to be here momentarily, mark steyn. he's with us next. we've got a lot to go at. stay right there.

back in a moment. ♪ ♪

>> i'm nicole petallides with your fox business brief. taking a close look at lockheed

martin which has an up arrow today, up 43 cents right now, 286 even. but watching lockheed very closely as it gains, and this as the program itself is going to see a climbing of costs overall as the plane's production gets extended. the f-35 program said this a statement the $27.5 billion increase is reflected in the current research, and we have seen overall lockheed martin doing so well since the election, up about 20% since that time. but this increase in the total acquisition cost estimates that we are seeing may raise some eyebrows in the white house in particular with president trump taking an active role in trying to lower the cost for the individual f-35 jet. ♪ ♪

stuart: well, look who's here joining us, author mark steyn. we have a whole lot to go at with our mark, so first of all is this one for you. the democrats, all about obstruction, and it is so far a winning tactic. they have obstructed everything. what say you? >> yeah, that's true. i also think there is obstruction, at any rate, indifference to thepresident's agenda from a lot of people in the republican leadership. and that's the real problem here in political terms. but when your party nominally controls the house, the senate

and the white house, les a limit to how you can -- there's a limit to how you can blame it on the democrats. in the end, ryan, mcconnell, the congress has to get onboard with the president's program. there's no alternative. and if they don't actually want to advance it against democrat obstructionism, they will be punished for that next year. stuart: but, mark, all we heard throughout the election campaign and for the last few years, all we heard was republicans will cut taxes to get the country moving, and republicans will repeal and replace obamacare. >> right. stuart: now, are we to believe that republicans don't actually want to do either of those two things? i can't believe that. >> well, mitch mcconnell is standing there saying, you know, if he can't work with republicans, he'll work with democrats on obamacare reform. what do you think that's going to look like? what do you think that's going to do for premiums? for deductibles? in the end, you can't operate a three-party system in this

country. trump is a republican president, and he's entitled to the support of the republican congress. stuart: i think something will be done at the very last minute because they have to do something. that's what i think. we'll see. i want your response to president trump at the g20 meeting where he stood up and supported western values, and the media was all over him and, actually, one person called him a racist. your reaction to that. >> yeah. a lot of people could him a racist and a white nationalist, and it's actually good to see how deeply embedded the contempt for western civilization is among the american media. the idea that this was some kind of white nationalist thing. i have no problem saying that western civilization has built the modern world. we have cop developed the systems that enable people to to live their lives to the fullest potential. we have led the world in scientific innovation and in artistic achievement. and the president touched on all that.

and so when some guy on the washington post or commentator on msnbc or even tucker carlson's guest last night who was not prepare to say that, say the western legal system deriving from common law was better than sharia, necessarily better than sharia. i mean, there's good points and bad to everything. these guys are total hypocrites. the msnbc -- you can only make a living as a cultural relativist in a western civilizational society. you can make a living as a cultural relativist putting down western civilization on msnbc if you go to the other side of the world and try to make a living as a pundit on waziristan tonight, you can't do it. none of them have any desire to live anywhere but in the western world. stuart: what do you say about seattle where the city council has just imposed a new tax on wealthy city dwellers?

2.25% over $250,000 for individuals. what do you make of that? that's another gasp from the socialists trying to figure out how to help the poor and actually hurting them. that's my opinion. >> yeah. and you're absolutely right. we already have a very redistributive system in this country, and it's such an unnatural word, i can't even say it which is why you shouldn't try to do it if you can't even say it. i mean, we have already -- the 1% pay their share, the middle class pay their share, and there's a great problem when you introduce tax systems in which a majority of the voters are not participating. it's a problem with the the federal income tax where half the country doesn't pay it. so what do they care whether it goes up. it's even worse in seattle because, essentially, it's a certain proportion of the population voting to punish a very narrow sliver of the population.

that's actually an abuse of representative government. it's not something that should be encouraged. we need broad-based taxes in which the amount of tax you pay is determined by your overall income rather than whether you happen to be above some threshold. this won't work for seattle. it'll be like new york where rich people just decide they're going to make their living arrangements and live elsewhere. stuart: and they live for less than 180 nights in new york city, live elsewhere and still enjoy the city. >> exactly. stuart: the it's what always happens. that's why you're always a favorite guest on the program, mark steyn. we're not done with you yet. sit through this commercial break, you'll be back after this. >> okay. [laughter] you always pay

your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call

for a free quote today. liberty stands with you™ liberty mutual insurance. stuart: canada's prime minister, trudeau, has apologized to a former gitmo detainee, awarding him $8 million, a settlement, because his civil rights were abused. now a u.s. veteran who was

blinded by kadir during an attack in afghanistan, he's speaking out. watch this. >> to those of us down here on the street who are walking around, this totally sucks. there's, it's just crazy that you'd give somebody like that $8 million because his feelings got hurt. i know he spent time in guantanamo. that was due to his own actions. stuart: mark steyn, i think you heard that. you have a canada connection. what to do you make of this? >> well,s it is disgraceful. this man confessed to killing an american doctor whose widow e is now raising their children alone. she didn't just get to go to gitmo. which, by the way, is very comfortable. i went down there pre-ramadan, and they had the, a back la v.a. chef flynn in so that their pastries were ramadan-compliant. he's a traitor.

this is a guy who 100 years ago would have been regarded as a traitor. he's a canadian national. the princess patricia's canadian light infantry were awarded the silver star by the pentagon for their skill at killing the enemy. meanwhile, this guy is on the other side. he is the enemy. and this is the insanity of multiculturalism, that it now lets you choose which side of the war you want to be on, whether you want to be on the home team or the away team. a century ago, actually, 60, 70 years ago -- not that long ago, stuart, back when you were still a subject of his majesty -- this guy would have been regarded not as merely someone giving aid and comfort to the queen's enemies, but the queen's enemy. he's on the opposite side firing at canadian and american troops. and the idea that canadians should have to give him $10.5 million canadian, $8 million american is absolutely disgusting.

stuart: what do canadians think about this? and what is prime minister trudeau up to? >> >> well, he was very cunning. he made sure that this was announced when he was out of the country at the g20 summit. but there's no doubt the canadian government has colluded with this traitor in insuring that he gets the money. for example, the widow has got a court judgment into it willing her to a significant sum of money from this guy. the canadian government colluded with the traitor, kadir, in insuring the check was in his bank account and cleared before it was announced so that the widow, the american widow trying to raise her children without their father whom he killed, would not be able to get hold of the money. this is absolute -- and, you know, i respect my countrymen. those princess patricia snipers who were honored by the pentagon with the silver star are great men. but their work is undone when

the government of canada colludes with enriching a traitor for joining the other side in a war in which canada's participating. shame on them. stuart: mark steyn, that's why you are a favorite guest on this program. you tell it how it is, and we appreciate that. we'll see you again real soon. >> thank you, stuart. always a pleasure each in grim times like this. stuart: yes, sir. thank you, sir. all right. by the way, the dow jones industrials have almost recovered entirely from their 100-point loss. we'll tell you why in just a moment. ♪ ♪

. . . .

stuart: donald trump, jr.'s emails released. market goes down 100 points. now it is down only 16. what happened, peter? >> the market determined there is no smoking gun. not uninfluenced by this. will be a slow grind.

may be work for mueller, lots of follow-up but not relevant. stuart: hannity will speak with exclusively with donald trump, jr., tonight 10:00 p.m. on the fox news channel. that will be hannity tonight. neil it is yours. neil: regardless of the markets, everything away from an agenda that looks a lot more promising on paper. stuart: so true. got it. neil: thank you. welcome everybody, you're watching "cavuto: coast to coast." everything looks bad for team trump, looks bad for stocks. the minute we got emails being released concerning donald trump, jr., look at market, with a very big drop. the gist is this. the these emails whether you support ongoing investigations into the so-called collusion story or not, it is getting in the way of an agenda that most people seem to like, but that