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tv   Varney Company  FOX Business  July 14, 2017 9:00am-12:00pm EDT

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>> well, after the 24th record high of the year, the dow jones industrial average will open a little higher as of this morning.
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up about 10, maybe 15 points, about 28 minutes from now. now, a couple of big banks have reported their profits this morning, citi, j.p. morgan, wells fargo. first of all, let's go to the bank earnings, bearing in mind that the bank analyst, dick bove on the program said that bank earnings will be bad and the end of the trump rally. liz: dick bove is really, really smart, impressive. long growth came in pretty strong for the banks. certainly, wells fargo, seeing decent profit numbers coming in and citigroup, j.p. morgan as well. now, the trading desk has been a problem for the banks because there's low volatility. when there's low volatility. can't make money off the trades, but the numbers are coming in strong for the free ban -- three trades. >> that means we're not going to see the end of the trump rally bearing in mind the bank earnings reports from last
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hour. liz: that's the way it stands. got to watch at the opening. stuart: back to politics, president trump spent the day attending bastille day and the 100th entry to the u.s. to world war i. ashley, by the looks of the videotape the last hours, he's got a friend. ashley: it's amiable. earlier he was hanging out with angela merkel talking how much in common, france and fwaerm have. they pretty much agree. it was amiable, and lots of smiles between trump and macron and of course, they were there to celebrate bastille day. and both leaders saying, our countries were founded by revolution and the fight for freedom, blah, blah, blah. stuart: you know what i like to see. ashley: yes. stuart: american jets and soldiers marching down the
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champs-elysees, leading the bastille day parade. liz: you're such an american. stuart: i love that stuff. let's see if rich lawrie loves that stuff. national review. >> yes. stuart: fox news contributor. >> yes. stuart: do you think that now that the president comes back to america, the swamp will overwhelm all of the good vibes from paris? >> of course. stuart: it will? it's a great couple of days for macron and trump. macron wants to be the fulcrum for europe and theresa may is too weak to host trump and angela merkel is too hostile. and macron sort of the human bridge for europe antrum. good for him and great for trump. t they say he's isolated, and you see two-days being chummy.
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>> and then when he gets back it's russia russia russia. apparently the russian lawyer is roaming the halls of congress and talking to other democrats. >> her job. she was lobbying against sanctions against russia, it doesn't mean you should take the meeting. and writes an e-mail the russian government has damaging information on your opponent. at the least you'll want to vet who the person was but i very much doubt this was the meeting where some relationship was hammered out. i tend to believe it was 20 minutes not what it was supposed to be on don trump, jr. thought it was and that was the end of it. but it's created more questions. stuart: certainly has. one last one for you. we've been talking about amazon, jeff bezos co-founder of amazon owns washington post. washington post hates donald trump with a passion.
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do you think that the president might level anti-trust charges or questions against amazon? >> he's floated that in the past. if you're going to go after anti-trust grounds, it strictly has to be on consideration to the law. you can't have politics enter into it at all. i'm not an anti-trust expert, but just an outsider. and i remember when barnes & noble, the dominant player never be stopped and microsoft the dominant player in technology, never stopped. and wal-mart the dominant in retail. and ten years will amazon be the dominant? i doubt it, the way it churns. stuart: social media attacks on the advertisers in washington post, that's not a conflict of interest? that's his right as a business owner. he should go further and all media outlets should go further and say, you know what, don't advertise your biases on twitter because a lot of the reports in their papers they claim to be these objective
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sources of news, and then you look at their twitter feeds and they just, they're popping off about politics and their opinions and invariably all anti-trump constantly. stuart: do you have twitter? >> i do. stuart: i don't. rich lowry, you're all right. and there will be a vote next week, and look what the president tweeted this morning. >> after all of these years of suffering through obamacare, republican senators must come through as they have promised. joining us now congressman earl buddy carter, republican from georgia. sir, i know you're in the house, but does the republican party as a whole understand that they absolutely must get this done? >> yes, i think that message has-- has a resounding effect on all of us. we understand that obamacare is imploding as we speak. now, 44% of all in america have
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zero or one insurance company on the exchange and that's no choice whatsoever. stuart: what would you say to senator susan collins who doesn't want to go forward with a discussion of the republican plan in the senate. she says no. >> well, that's baffling to me because we cannot let perfect get in the way of very good. this is very good. this gives us a gateway to getting back to a free market system in health care. it gives us a pathway to do that and that's what we need. we need to get started on that pathway. stuart: look, i've said many times on this program, i simply can't believe when push comes to shove, when the vote has to be taken, i cannot believe that the republicans house or senate will say no, we're not going to do anything. how about you? >> no, i don't believe that for one minute. at the end of the day we're requesting requesting-- going to get it done.
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we have to get it done for the american people. health care is important, it's personal. we get that, we understand that. there's a lot of uncertainty and fear out there. look, this is the beginning, this is what he ever we come out be it will be need to be tweaked and massaged over the years. if we understand that, let's get this over with. let's go ahead and get started with it and then let's make the adjustments that we need to make. >> and there are a lot of americans that feel the same way. congressman carter. thank you. >> thank you, sir. stuart: i'll update the condition of former president jimmy carter. collapsing after dehydration, the status? >> it happened in canada. he's still being treated. he's being rehydrated. it was in the hot, baking sun in manitoba, i understand he's just been released.
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he's collapsed after cutting wood for an hour. you with a tree farm, you know how hard that is. and he beat brain cancer, he's out of the hospital and is in recovery. stuart: i think it's a wonderful thing. ashley: habitat for humanity. liz: a great example. stuart: a good man. the government bean counters, the congressional budget office, cbo, says that president trump's budget will not get rid of deficits in ten years, the president's financial guy mick mulvaney is next. and some say cutting taxes and cutting spending will not boost the economy. that stimulating that, and i'm going to challenge him on that, that's coming up.
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>> joining me now, mick mulvaney. office of management director.
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great to have you with us. >> it's a lovely day in washington d.c. i hope it's nice in new york. >> it's not raining in the background. >> i hope they splash me in the interview and help me stop. stuart: and janet yellen says we're not getting to 3% growth anytime in the last three years. how do you respond, sir? >> that she can be wrong and if you get a chance to do what we laid out in the op-ed, introducing make america great economics, if we get a chance to put those policies in place, those comprehensive package of proposals that the white house is coming up with. we have a chance to get back to 3% growth. >> it's all about cutting taxes and cutting red tape and just getting on with it, that's what it's all about. it's tax cuts, tax reforms, reducing regulations and energy policy that unleashes the natural resources. it's welfare reform that has
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people getting back into the work force and trade policies. we want today come up with something that encapsulated everything that president-- when the president says make america great again, what does that translate into in terms of a package of legislative proposals? a package of administrative proposals? things that we can do without congress? and that's where we came up with magnommics, you have to do these things to get to 3% growth and you absolutely, positively must get back to 3% growth. >> the key to the whole ball of wax is surely cutting taxes for individuals for businesses? . the republicans appeared to be obstructing that at this point. >> i spent some time on the hill yesterday and i won't go as far as obstruction, mostly obstruction, what the democrats are doing on all of our proposals, including all of our nominations, but i was on the hill yesterday and trying to point out to leadership and rank and file alike that we must have a budget out of the house and senate in order to
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get tax reform. if you don't have that, you don't get this magic tool called reconciliation and you don't ask for that in the senate, you have to have 60 votes in the senate and it would be a watered down tax proposal, watered down proposal doesn't get us to 3%. don't just focus on the tax proposals. it's everything that gets it to 3%, but you're right, we have to have every single piece and that's tax reform. >> the congressional office said, this budget is not going to balance in ten years, your response? >> we expected that. what are they assuming? they are assuming new normal when it comes to economic growth. you drill down into the new numbers and assume 1.9 economic-- 1.9 gdp growth forever and we reject that. you can't have that, if you assume that, you might as well give up and go home, the country cannot survive on 1.9%
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growth forever, we have to get above that. it doesn't surprise me that the cbo has come out with that conclusion much the assumption is entirely different than ours and we think that's entirely flawed. >> what about the people dropped from the food stamp program or medicare, what about those people? how do you respond to that? >> if you take a look at the numbers of folks on medicaid, or on food stamps. we see a dramatic-- we're not seeing a decrease or to what economists think of full employment. you should have a conversation whether or not there are people on the programs who should be working. and one of the things we've been pushing, in our tax proposal and budget proposals, is a work requirement, single people with no dependents who are able-bodied, it's
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reasonable we think to ask them to go back to work and that's what we're trying to do. that adds to the labor force and adds productivity and gdp growth. it's part and parcel of magnommics. stuart: you were a part of the freedom caucus. how do you feel about whipping them in line. >> i know my former travelers and whipping them into line. i couldn't whip myself when i was there. mark meadows called me after the headline, are you going to whip me on the budget. and apparently the publication that put out that headline changed it after that. and on the hill, freedom caucus would talk to any group who would listen that we absolutely have to have a budget passed out of the house and passed out of the senate in order to get tax reform. i recognize there's going to be infighting in the house and the senate. and over the details, that's part and parcel of the process.
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as long as we know at the end of this process, we must have a budget. that's the message i delivered yesterday, and i continued to do. >> mick mulvaney, thank you, i appreciate it. >> thank you, stuart. stuart: yes, sir. these days families want to be connected 24/7.
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>> i haven't seen anything that amazon has done that would qualify remotely for anti-trust consideration. stuart: he spelled it out pretty clearly. wilbur ross, on violating anti-trump. and one hedge fund manager says he's betting against amazon because he's heard that some government officials are talking anti-trust against amazon. so, liz, where are they going wrong about anti-trust analysis? >> who is getting harmed? consumers are getting lower prices. it's not anti-trust to be dominant. it's anti-trust to be violating the law through monopoly behavior like google rigging the search engines results there. amazon is a marketplace for a lot of small businesses to compete. so, it will be a novel test of
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the law to say that these small businesses are basically violating monopolistic anti-trust laws. and the other thing, the sec rejected this in the staples-office depot merger, saying it's the amazon effect. amazon is coming at us and they said amazon is still too small a player and weak in your space, so reject the argument. stuart: we'll have to get him on the phone, he's shorting the stock, he thinks it's going down sharply. it's down 5 bucks this morning. facebook, the ceo mark zuckerberg embarked on a 30-state journey and meeting people he wouldn't otherwise encounter. and-- >> it's kind of funny, all of a sudden mark zuckerberg pulls up outside of your house. you get an e-mail, a fortune 500 company would like to meet
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with you. some thought it was a pyramid scheme. and they roll up, run in and have a chat with you, and supposed to be secret. one critic says the hypocrisy of begging secrecy after building a platform that exists to siphon information from 2 billion unsuspected people, he says no, i'm not running for office of president or anything, but it's interesting that he takes the steps to meet with the common folk. come and see me. stuart: i'll have to tell you. look at the fobbing, 159.66 as we speak, it's likely to get 160 fairly soon, we shall see. how about the overall market. it's friday morning. that market is going to open in four and a half minutes time. the dow will be down 10, 15 points, the s&p, the nasdaq on the upside again. we'll take you to wall street after this.
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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
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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. listen up, heart disease.) you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop getting in the way of patient recovery and pay attention. every single one of you is on our list. for those who won't rest until the world is healthier,
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...gocentral from godaddy. the internet is waiting. start for free today at godaddy. >> okay. a little back drop to the opening of the market this friday morning. about an hour ago, we received numbers on retail sales, government figures from the government. and they were down .2%, the latest. ashley: for june, it was
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unexpected. stuart: it was unexpected and second year in a row you have people spending less money. ashley: on the other hand, that the fed raises rate. you know how it works on wall street, bad news, good news. stuart: and got everybody right. three, two-- two, one, bang! just a fraction, i a s-- i see a lot of green. now some big banks are reporting their financials, wells fargo, all of the stocks are down, first republic in particular. and lots of news on amazon, a hedge fund manager is betting against it, so he says, and they say each amazon box
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delivered by the post office is a $1.40 per box subsidy. oh, boy, believe we'll have more on that one, i promise you that. ashley webster is here and elizabeth mcdonald. and scott shellady and jeff sica. bricks and mortar got a pop after target says the outlook is kind of bright. scott, my question is, have the bricks and mortar retailing group finally hit a bottom and is it time to say goodbye? >> no, i don't think so. you had boxed on ceo, and he piqued my interest. the move to on-line to brooks and mortar is infainfantsy. i can't imagine what brooks ap mortar looks like when it's 50-50. i'm looking at bricks and
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mortar and any blip. stuart: you're in london and you watch from london when you're not on the air. >> i always do, i have to keep it up. get it on the internet. more technology, it's powerful. stuart: welcome to the show there, scott. good to have you. [laughter] >> jeff sica, do you think it's time to pick a good-- no, you don't. no retailers for you. >> well, here is the problem, and i have to agree with scott. i think what's beginning to happen, we're in the third inning of a nine-inning game when it comes to the retailers. the retailers are just beginning to revive some of their business models and execute on those business models. amazon is just getting warmed um. so, this is going to be a very, very bloody time. stuart: getting warmed up? that's some warm-up process. by the way, jp penny is going to try to revive some foot traffic in the stores it's got left. they've putting toy stores in those remaining stores. jeff sica, got to go back.
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you were the guy who said, yes, j.c. penney, the place to go when it was $7 a share. >> i'm going to defend j.c. penney. [laughter] >> i'm going to defend j.c. penney. sears made some mistakes. they're abandoning things like appliances. j.c. penney is trying to do a lot of trying to pick up a lot of what sears is leaving behind. they're stopping the bleeding. the ceo, he's got a vision and i think they've got debt under control and i think they can stabilize, i wouldn't bet my life savings on it, but i think they can stabilize it. stuart: and what do you say to viewers who did bet their life savings on your recommendation to buy j.c. penney at 7? and facebook, new all time high, 160.14.
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it's up had a little bit. 159.95. that's facebook for you. as we said earlier, a lot going on with amazon. scott shellady, first of all, we've got subsidies from the postal service for every box delivered and second, talks about anti-trust moves against amazon, and thirdly, we hear that the-- what you say into that echo may be bought by third parties so they can advise stuff to you. what's the end game for amazon here? >> well, i think-- i think jeff is right. i think that amazon is just getting started. number one. number two, i think it's an example of how, say, the government and anti-trust idea don't understand amazon, really, think about it. i think that elizabeth said it earlier, that the consumers want the benefits from here, right? and it's just an e-mall in the sky or the cloud, right? it's not a big store up there trying to kill competitors and prices. it's conglomerate competitors
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and the problem is that they're reinventing the retailer community and there are going to be some ugly stories because of it. because we're doing something wrong in the past doesn't mean you should hurt amazon going forward in the future. that's a large part of what is going on. they should even out what they pay for packages. at the end of the day it's a mall in the cloud and the government doesn't understand that. stuart: scott. jeff sica having recommended j.c. penney at 7. i'll never let you forgot. >> i know. stuart: would you buy amazon at $1,000. >> no, i would not. stuart: buy it, everybody. [laughter] >> that's not fair and i'm sorry i said it, but go ahead. >> and here is what i see. and first of all, all of this talk about the anti-trust, i am vehemently against any anti-trust, i think it's anti-success. i think it's punishing success. i think it's way over exaggerated.
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i think if trump even thinks of going down that road, it's going to be a dangerous road to go. amazon is not destroying retail, amazon has invented a brand new sector, and as scott said, they have created efficiencies, which in the long run are going to make companies more productive and help the job market immensely. they should not be punished under any circumstances. stuart: i think you've got general agreement with that. thank you very much indeed. the big banks, some of them have been reporting their financial position earlier today. on this program, recently, a couple of days ago, we had dick bove, bank analyst, he said, look, these bank results are not going to be good and the party is over for financial stocks. so, e-mack, what did these bank results tell you? >> they were lowering their expectations, right? so they beat their lowered expectations, but, you know, the longs came in pretty okay for wells fargo. it's sort of a mixed bag, the trading desk revenues are down because of low volatility, but the results came in pretty good
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for jp morgan for wells fargo and for citi. some bank stocks are trading down in sympathy. they've -- they're off the march highs. stuart: i'm not going to take the financial results as a negative for the overall economy because they're still making a lot of loans. liz: that doesn't mean the trump trade is off, but what janet yellen said, right, about lower-- lower than expected 3% gdp growth is bad and that sounds to me like obama one. u.s. growing like europe, that ain't good. >> we still need to roll back the dodd-frank regulations. the small businesses, they are loaning money, they're not loaning as much money to the small businesses as they can. they need to roll back the regulation. when they roll back the regulation, i'm going to be a lot more confident. stuart: my heart goes auto to
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the community banks. they got clobbered by dodd-frank. we're dead flat. we're down 2 points higher, three points higher. i'm not going to call it a jura turn around about you four points, five points. a new health care bill, let's go around the block. start with you, elizabeth. is it going to get done? i ask this simple question, is health reform going to get done in the senate? >> it looks like yes, it could. here is the thing, it's all part of budget reconciliation. to get the budget done, you have to get health reform done, you have to get tax cuts done. it's part of that budget reconciliation play to get it done at 51-vote threshold. so i think they're going to push it through at the august recess. ashley: i'm much more optimistic now they've got the cruz amendments in and i think there's something in there to
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please everyone. there's a lot of haggling to do. >> i disagree, they're going to get caught up on the medicaid expansion and that's going to trip them up and that's going to be months in negotiating. i disagree. stuart: i've got two say yes, it will get passed in the senate and one saying no, it will not pass in the senate. scott shellady, your vote please? >> i tell you what, if past performance does not give us an idea about future, the future, i would say this, they're not going to get it done. we've been on this show, time and time again about what they say they're going to do, what we think they're going to do and they disappointed us at every turn. they're going to disappoint again. ashley: 2-2, you're the tie breaker, mr. varney. stuart: i say we get it done. i cannot believe that the republican party will ditch obamacare reform and leave us with nothing and destroy the republican party. i can't see it happening. liz: they were suffer catastrophic losses in the mid
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term. stuart: and deservedly so. and janet yellen says it would be challenging for the u.s. to reach the 3% growth target set by president trump in the next three years, scott shellady, you say what? >> i agree. we have great unanswerable. how do we have zero percent interest rates for seven years and the housings market 51% low. we can't put all the people to work and the sub-gdp. something's wrong. i think it has to do with technology. if you look at the citigroup economic spread index, we're disappointing and yeah, we've got great sentiment and confidence, but you can't buy that with that. the rubber has to meet the road. stuart: 3% growth in five years. >> there's been tax regulation, about you if they don't get it done, we're not going to get
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the 3% growth. they have to get it done without question. what scott said is true. they've got to-- >> get it done. liz: and this week, 15 years below 3% growth. this is an argument for the donald trump growth agenda. get it done. because they should just skip the august recess altogether to fix obama's overreach into the economy. janet yellen and fed has been money printing. the u.s. economy cannot sustain itself on that. stuart: i hear, scott, one last word from you, ten seconds. >> the very fact that we're still talking about they have to get something done today is disgusting and that's the problem. i mean, we need to have more than just get is done. we'd like to see. it's a disappointment to have to even talk about it today. stuart: i'm with you all the way, scott shellady. thank you for joining us, and you, too, jeff sica. thanks one and all. the big board, it's a turn around, modest, 21,564.
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the roku streaming device, that you plug into your tv the netflix, amazon go, well, roku wants to go public this year. it hasn't been a good year for ipo's, but roku wants to test the models. and the launch of the tesla model 3 is as big as the launch of the iphone. that's his headline, he'll explain in a moment. at 10:00 hour, the state of michigan is considering is pair of bills to protect free speech, especially on college campuses. how has it come to this? copd makes it hard to breathe. so to breathe better, i go with anoro. ♪go your own way copd tries to say, "go this way."
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>> where are we? friday morning about 15 minutes into the session. we're up 8 points and call that
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dead flat. wal-mart and jet.com. they bought that. they're doing the try before you buy concept. nicole, better come in and explain to me. nicole: all the retailers have to do something to compete against amazon, the behemoth. and maybe you're an apprehensive shopper, you like an electronic thing, you might not like it, might not like the quality. with technology they've made it easy. jet.com putting together monthly e-commerce packages. they'll send you the goods each month and it will have products from starbucks, procter & gamble, general mills and the like and whatever you keep, you get to keep a discount on and much like what we've seen from amazon and best buy. amazon was doing that with the prime wardrobe. sending you clothes, you keep them 25% off items and best buy
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the same thing with cameras and audio equipment. that's the idea, try it out. maybe you'll like it. stuart: i think that wal-mart is the most effective competitor to amazon so far to emerge. that's where i'm coming from. nicole: goldman sachs gave them an update today, don't want to leave that out. stuart: thank you very much indeed. let me ask a rhetorical question, have you ever borrowed your partner, your friend, or your spouse's password so you can stream content for free? 21% of people 18 to 24 say, yes, they've done that, but e-mack the streaming services they don't care, do they? >> netflix ceo's says they'll in the future become paying subscribers, this group do it more than any other age group according to the is your have an i, but if you're allowed to do it at netflix, allowed to have two streamings, two to four streaming devices as long as you're in the same family. stuart: i'm laughing because ashley is laughing and ashley is laughing at me.
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go ahead. ashley: well, you've borrowed a number of passwords haven't you in your past from at least two people i can think of. i'm not going to go there. liz: they're family and allowed to do it, stuart, you're family. stuart: can i leave it at that? >> moving on. stuart: i am now a netflix customer, a paying guy. liz: you're an american. [laughter] >> tesla stock off its high, but one tech industry veteran says, the model 3 introduction will be as big as the introduction of the iphone. joining us now, long time apple analyst gene munster, that's quite a statement, mr. munster. do you want to back it up? >> i do. the iphone really took the concept of a phone to a computer in your pocket, and that's what really broke the game open. it wasn't just a phone, it was a fundamental shift. we think that tesla model 3 has the same opportunity to change a car to being an autonomous,
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and what is missing how people think about the model 3 is the affordability piece. in a recent study we looked at cost of a model 3 compared to the everyda i toyota camry and found over a five-year period, only 13% more to own a model 3, fully autonomous. and the sticker price, 42%. to kind of put this altogether, is an affordable autonomous electric car can have the same dramatic impact on a paradigm shift as the iphone has. stuart: that's a powerful endorsement of the model 3 from tesla. do you own tesla stock? >> i do own tesla stock. i do not own a tesla and i want to make one point on that. i've been in a tesla once. and it's a game changing experience. there are about 200,000 teslas
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on the road today. that's about 1/10 of 1% of the cars in the u.s. i believe that as these model 3's start to make it into the marketplace over the next year, people will get exposed to this new driving experience, and i think it's really going to go viral in terms of the demand for this car. stuart: well, you've made your case and it's a very interesting case, i've got to say, gene. i'm going to throw this one at you, roku, an ipo this year, they're thinking about it. what say you? >> i don't think it's going to be a good stock. i think they're good people, but, the issue here is that they're obviously shifted their business from a hardware business to services business, growing well, 61% in the past year despite competition from amazon with the fire stick and apple. amazon and apple are going to get much more aggressive with
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content. and i expect the live sports content particularly the nfl. things like that are going to make it more difficult for roku to garner their services business longer term. stuart: real fast, gene. amazon may give third party developers your alexa transcripts, your immediate reaction to that? >> sounds bad, but it's not a big deal. they' they're anonymousizing the data. that's been going since alexa started. stuart: we hear you, interesting stuff on the tesla model 3. thank you, appreciate it. >> thank you. stuart: check out the big board. we're now 22 points higher. plenty of green on the left-hand side, not much red this friday morning. harvard, premier ivy league school, wants to drop a word
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from its alma mater song. we'll explain after this. (baby crying) (slow jazz music) ♪ fly me to the moon ♪ and let me play (bell ringing) (audience cheering)
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>> look at amazon, very much in the news today. it's down $2. 998. we'll fill you in on the story later on. harvard university will delete
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the reference of puritans to the alma mater song. why on earth are they doing this. ashley: no one has complained about this, but harvard has a task force, a governor's task force do whatever they do, but this one is charged with making the college more inclusive. so they looked at the alma mater song, and at the end it says, till the stock of the puritans die. and they say that is not appropriate and we think it's time for a change. it was written back in 1836. it's not going down well because, again, no one has complained about this. one of the college professors, a government professor says it's a gross instance of political correctness, trying to wash away the history of the university, what are you doing. liz: i think it's puritan discrimination. stuart: like 1894, let's forget about the puritans. and president trump is on the way home from france where he may have found a friend in
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emmanuel macron. still, here at home, it could be russia, russia, russia. and i think that russia, russia, russia is losing hits sting. ashley: russia, russia, russia. stuart: get out of here! we'll be back. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. it's unique micro-clean formula kills 99.99% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. polident. cleaner, fresher, brighter every day.
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stuart: okay. that was the president of france, emmanuel macron, standing up for the president's reasons for leaving the paris agreement. we'll have more on that in a second. however, i've just got a reading on consumer sentiment which earlier this year was at a record positive high. new numbers show -- >> down. eroding economic optimism. they came in at 93.1, that's a miss. wall street was expecting a read
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of 95. so they're coming down to the levels possibly we saw last october before the election when people feared recession. remember, that was under the prior administration. so, again, a big drop here. not a sizable drop -- stuart: but down. it's no longer at those record optimistic levels. >> that's correct. stuart: not yet reflected that much in the stock market. we were up, what, 20? now we're up 13. we're still up, bottom line. show me the big five technology companies, please, because they're the ones where the money is flowing in. they're the ones with the profits, they're the ones with the growth. the big five as of this friday morning -- we'll get 'em, i promise you. here we are. what have i got? facebook just shy of $160 per share. amazon just shy of $1,000, it's down $1.70. microsoft, i've got some of it, powering ahead, 72.13. alpha wet's -- alphabet's up. so the big five, they're still
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attracting a lot of money, still very close to record highs. they're a great indicator for the overall market, and they remain basically close to record levels. the money's not pouring out at this point. as so many people said it would, not so. the i dow industrials now up ten points, most of the big five technology companies pretty much on the upside. let me get back to the president's visit to france. he's on his way back at this point, remember. joining us now is fox news contributor tammy bruce. i say the president made a friend in emmanuel macron. i say he looks real good on the world stage. you agree with me? >> i do. president macron was behaving a little bit like a schoolboy, if i may say -- stuart: why? >> in chasing after the president. you saw that also at the g20. in a couple of instances he moved way past groups in order specifically to stand next to president trump. and this reinforces the fact that, yes, strength matters.
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a man who knows how to do business matters. the concerns are the same, ultimately, the economy. as we heard from liz's notes, of course, about confidence. this should be a concern for president trump. we don't see congress moving in a way that president trump wants them to move. and so the confidence there is waning. but i think this is also why certain other stories have come up, because everyone knows -- especially the media -- how well president does on the foreign stage. this was another example. and thank god because of the nature of the condition of the world and what this president's going to have to do in the next four years. stuart: it was his third major trip since the inauguration. >> right. >> yes. stuart: he's been to saudi arabia, the g20, now bastille day in france. he looks good on all occasions. he should take more trips. >> and this kind of puts a mark on england where they said, don't come because they're -- there's going to be protests. it was beautiful in france. when it comes to the nature of how president trump is received
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around the world, and this is the last thing that people, i think, thought he would do well at. he wasn't considered -- we didn't know how he'd do on the international stage, and this now, suddennenty, one of his -- suddenly, country of his better frameworks. stuart: well, he'll be landing back in home territory fairly soon. stay there, please, a little bit more for you coming up. the senate republicans did, indeed, unveil that revised health reform plan yesterday. but republican senator susan collins and rand paul have said, no, we're not going to vote for this. they won't even let it go forward for more debate. joining us now is republican from ohio. you know, sir, with all due respect, looks to me like it is the republicans and members of the republican party who are now the obstructionists. what do you say? >> well, stuart, as i said many times on your show already, we need to be able to move this bill forward. it's not perfect, it wasn't perfect in the house, but i
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wanted to move it forward. the senate needs to move something forward as well -- stuart: honestly, sir, come on. with all due respect, how many times have i heard we must move it forward? isn't there a sense that, you know, you're about the blow the whole thing here? >> well, look, the american people elected many of us since 2010 -- including myself -- to come down here, repeal and replace, and we need to get it done. so i'm the first one to tell yous this is politics as usual in many ways, but we have to get something done. it's important. it's whç the american people sent us down here for. stuart: well, the american people voted republican in the senate, the house and the white house on the understanding that we would get obamacare gotten rid of, and we would have tax cuts. can you call susan collins a republican if she won't even allow the debate to go forward? >> well, look, i'm a big believer in letting the debate go forward. i'm a big believer in getting this politics out of the way. but i was in the business world
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for almost three decades, and you move things forward. i'm in agreement with you and also the american people. they want to see things moved forward. susan collins and others should let it move forward. let's get the debate moving, let's get to conference. that's what the american people want to see. stuart: you're right on the inside of this. you know what's going on. as i understand it at this moment, there are two republican senators who won't vote for it, so you've got to have all 50 republican senators remaining in the senate to get it to go forward. handicap it for me. what are the odds that we will actually get this going? >> well, the fear i have, stuart, isen when you can't lose a vote and people down here know that politically, that you can use that to get things you want. so hopefully there's enough willingness to move this forward. i still believe -- i had a chance to talk with the vice president -- that this thing's going to move forward, and i'm hoping we get it move forward. if i were to handicap it, it's a better than 50% chance we're going to move it forward at this
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point. stuart: i'm real sorry to put you on on the spot and get emotional about this, but i'm merely reflecting what our viewers are telling me. they're not happy. congressman renacci, thanks for joining us, sir. >> thank you, stuart. stuart: okay. i want to get back to tammy because our lead story in the 9:00 hour was amazon and possible moves to rein them in with some kind of antitrust court procedures. some kind of antitrust issue raised against amazon to rein them in. the stock is down this morning. tammy, you keep a close eye on politics. am i right this saying that there is a move, that they would like to see amazon reined in? >> i think so. but, remember, this is also a reflection to some degree as politicians tend to do of polls that say the american people are nervous about the amount of control that the tech companies have over our systems, effect effectively. this is a global system.
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everything on the internet, of course, is making everything global. we have an issue with the hb1 visa dynamics with all of these companies as well. if you look at the sentiment of the american people, it makes sense to question the amount of power and control these entities have. at the same time, mr. bezos has got his blog called the washington post. he also had a big deal with the state department when hillary was the secretary of state. they made a deal with p kindle worth about $17 million where the government gave them that money, and amazon provided kindles to the state department for an effort in education. hillary has been very praising of mr. bezos, saying he saved the washington -- this was a couple months ago -- that he saved "the washington post" and was glad about that. so i think that you've got two things. you've got the political animus, if you will, but then a genuine concern about the amount of power and control that tease tech companies have not just here at home, but around the world. and i think government should be
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concerned about that kind of overreach. but as long as it's not done as a partisan attack, if you will, to punish someone who's not on your side. stuart: fair point. the stock is down at point. by the way, i've got another amazon story. amazon boxes delivered by the post office get a $1.46 subsidy, essentially from the government, from usps. give me some more. >> yeah, this is from citigroup. basically, it's like a big giftcard from amazon to -- from uncle sam to amazon. two-thirds of amazon's deliveries are through the u.s. postal system, and amazon was smart enough to plant its warehouses near post offices. so that last mile for prime shipping, $1.46 for each package is subsidized by the u.s. post office. stuart: you're talking ten of millions. oh, my goodness me. blue bloods star donny wahlberg
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overtipping at a waffle house this week. >> what? stuart: is that -- yes, $2,000 on an ash $82 bill. he said his mom and dad both waited table, and the staff at waffle house always treats him like a king. all right. i used to be a waiter. i'd have loved that. >> yes. stuart: michigan considering a pair of bills aimed at protecting free speech on campus. a student at the university of michigan is leading the charge, and he will be with us. president trump saying the border wall this some areas won't be a physical border. this as the budget contains about $2 billion for the structure. the head of border patrol council will weigh in on that later this hour. you are watching the second hour of "varney & company." ♪ ♪ we're on to you, diabetes.
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stuart: we're up. not much, but we're up. 16 points higher. look at that level, 21,569. casino stocks, they're all down. why? a top official in macau jailed for 21 years, it's a corruption case. the casino guys make a lot of money from wealthy chinese folks. netflix you should fire because of -- under fire because of a new movie. promotes anorexia? >> yeah, it's called "to the bone." the director -- it starts today on netflix. the director says, look, it sevens as a conversation starter about an issue they say is too clouded by secrecy, but it is getting some criticism. some just the way it's presented, saying it's trite, shallow, cautiously middle brow, that the movie actually doesn't really address the condition. in fact, it even inspires copycats. other people said, no, anything can spark as a copycat when it
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comes to an eating disorder. the star is lily collins, the daughter of phil collins, the singer. but there's concerns about her. she lost a lot of weight to play this role. she said she was under the guise of a nutritionist, but it's quite compelling when you see some of the pictures of her. stuart: i'll bet. >> quite disturbing. stuart: two bills in michigan aimed to protect free speech on campuses. our next guest is leading the charge to get the bills passed. his name is grant stroble, and he joins us now. grant, welcome to the program. i want to know exactly how this works. is this going to, these bills, are they going to say you cannot ban conservatives from coming on campus? how would it actually work? >> well, look, there's really two key provisions, i think, in these bills. the first is that universities will have to add a policy for the free speech policy that insures that the university won't shield students from
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listening to ideas that they might find offensive. stuart: is that the safe space idea, no more safe spaces? [laughter] >> no more safe spaces. and the second provision that i think is great that in freshman orientation programs, students must have free speech training. i think that's great because god knows what universities are teaching in the freshman orientation programs as well. stuart: i guess there's no more trigger warnings, right? a professor can't stand up and say i'm about the say something you might not approve of, leave now if you like. no more of that, please? can i hear that? no more of that? >> yep, no more trigger warnings. really right now there's no better time to hold our universities accountable for free speech, because at young americas foundation, we ran the numbers. and for our events held on universities all across the country, after the election of donald trump it went from 15% of events being disrupted, triple to 46%. amazing. so there's no better time than right now to hold our
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universities accountable. stuart: well said, young man. i've got another one for you. harvard, the faculty, recommending that harvard get rid of all social clubs. that would include fraternities and sororities. the faculty claims these groups lead to elitism, sexism and a whole bunch of other isms. your reaction, please. [laughter] >> i am involved in greek life at the university of michigan, and there's no more encollusive of a -- inclusive of a group. there's tons of different fraternities and sororities that include all sorts of people. but look, students on these campuses should have the opportunity to listen to different ideas, and that's what these people at harvard are missing. guesser canty of ideas -- diversity of ideas is something that is sorely lacking, and the same people calling for diversity on our campuses are ignoring diversity of idea. stuart: grant stroble, it was a pleasure having you on the show. i want an update on how these two bills are going. >> thank you. stuart: all right.
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coming up, here's what we've got for you. interesting, an app helps you fight your traffic ticket. they hire an attorney on your behalf. of course, you've got to pay something, and i will ask how much you've got to pay for that and how much can you save. another key question. we have the finder -- founder, i should say, of the app after this. ♪ ♪
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here's how it works. users enter information about the violation and a photo of the ticket. you pay a one-time fee, then tikd hires an attorney on your behalf and handles the process. look who's here, the founder of tikd, chris riley. how are you? >> great. excited to be here. stuart: this is a financial program. how much do i have to pay to get the app to get you on my side? is. >> well, this is the fantastic part. all of our customers pay something less than the face value of their ticket, without exception. stuart: so i can't get in until i've got a ticket. >> you can't get in -- don't get one for that reason -- [laughter] stuart: okay. i get a $200 ticket whilst driving in new york state, for example. i then buy your app -- >> exactly. stuart: how much? >> discounts vary based on location. but for example, a customer would come to us with a $200 would pay somewhere between $160, $150. stuart: i don't care.
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it's $160. that's what i'm forking out on a $200 ticket. >> that is all you'll ever pay. stuart: you guarantee e to get rid of the -- 200 ticket. >> what tikd does is hires an attorney to handle the transaction on your behalf. we guarantee, first, the 160 or whatever the number is all you'll ever pay us no matter what. if the attorney loses and has to more than that, tikd mays that. no matter what it is, we cover it. stuart: okay. a $200 speeding ticket gets me points on my license. can you get rid of the points? >> so tikd has been -- the lawyers have been successful 95% of the time in helping people avoid points. now, the other key here, and this is the second guarantee. with tikd you get points protection which tells you even if you use our service and you do end up in that 5%, not only will we refund the 160 you paid us, we'll pay your ticket off
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for you. stuart: you're in business now? >> we are in business now. stuart: you're up and running. >> yes, sir. stuart: how's it going? >> it's going very well. there's huge demand. we've been doubling our customer count almost every week. there's, as you would imagine, a lot of people that get traffic tickets, and they're very frustrated. and we've come up with a simple solution to minimize the negative effects. stuart: that was a good commercial. you've got an entourage with you, and they're very happy -- [laughter] tikd, correct? >> that's right. stuart: chris riley, thanks very much. the battle over health reform, it's not just the democrats who are being obstructionist, oh, no. two senate republicans say they won't even allow the vote for more discussion. won't even allow that. that is obstructionism, is it not? snap trading below its ipo price. one analyst says this is a buying opportunity, and we'll be back. ♪ ♪
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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.
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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.
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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: some negative news on amazon this morning. maybe the government's looking at going after them on antitrust grounds. not sure about that, but the stock is down $2 at $998. and now this, important. jamie dimon, he's maybe the top banker in america. he says it is almost an embarrassment to get business done overseas. now, there's a lot to this story, and, ashley, you've got it. >> yeah. the jp mo began ceo -- jpmorgan ceo talking on a conference call. he says it is almost an
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embarrassment being an american traveling abroad. why? because he says we've just got to get decisions made in d.c. he said there needs to be more intelligent decisions, less gridlock. and then turns his focus on the media, saying why aren't they focusing on the major issues? things such as infrastructure, regulation, taxation, education -- stuart: yes. >> he says to the guys, to the reporters on this call, why you guys don't write about that every day is completely beyond me. stuart: oh, music to our ears. yes. well done. >> you know, the media acts like they -- i'm talking msnbc and the guys in the d.c. beltway -- they act like they are the first amendment. no, they're not. they serve the first amendment. they're supposed to be reporting on policy and have a broad range of subjects to discuss and report on, not just russia, russia, russia. we get it. throw the book at people who meddle or colluded with people, we get it. but you know what? congress should work through the august recess just to deal with
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obama overreach. stuart: of course. but what jamie dimon just said is extremely important. i love to hear this. >> yeah. stuart: any follow-up? >> he's basically saying exactly what we've been pounding the desk over for months now. dimon was asked by a reporter if he was frustrated with the trump add managers. he said, no -- administration. he said, no, his frustration was with you, the reporter. stuart: excellent. >> how about that? stuart: that headline, difficult to do business overseas, embarrassing, that's not against mr. trump, that's against the media. >> and congress. >> there's no policy debate in the media. stuart: it's not there. i've got a monitor in my studio here. i can see other channels, what they're up to. all morning long there is one other cable channel which has done nothing, nothing but russia, russia, russia. all morning long. and i've been sitting in this seat for the last three hours. all morning long, russia, russia, russia. they totally ignored our president coming back from a
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successful trip overseas. no, it's russia, russia, russia. there was a fifth person in that room during the meeting with -- [laughter] drives you nuts. however, moving on -- [laughter] for the benefit of our listeners on radio, you can't see the body language that i'm using here, but it's express i. [laughter] president trump tweeting about the senate health reform plan. good for him. after all these years of suffering through obamacare, republican senators must come through as they have promised. look who's here, charles hurt, fox news contributor, washington times political columnist. i say that there are two republican senators, susan collins and rand paul, who are essentially obstructing the republican party and obstructing the views of voters. what say you? >> i -- that's, i think that's pretty much indisputable. and they have been for system time now. and i suspect that we'll probably see even more come out
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of the woodwork coming out against this plan, because it's, you know, you're never going to satisfy everybody. and, you know, the upshot of it is this is what happens when you put the federal government in charge of health care. you turn every -- you politicize every aspect of health care. stuart: and once you give something, once the government gets something, you virtual can never take it away. >> this is true. until it collapses. and that's what's happening right now with obamacare. and, you know, i think that you and i probably disagree on this a little bit because, you know, i think that you would like to see them come up with something. but the other flip side of it is that, look, this is just yet another disastrous, failed promise by the government in terms of obamacare. it won't work. it will never work. and, you know, if we wind up having to sort of put the insurance industry back together or, rather, the insurance
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industry has to put itself back together in the wake of obamacare, i have no problem with that. and i don't think republicans are going to be terribly punished for it. stuart: really? >> obviously -- i really don't. i think that how is it that democrats are going to run on a platform of saying, oh, look, republicans didn't fix the massive mess we made. no. democrats own obamacare lock, stock and barrel. and if that's what we're left with after this, a failed obamacare system, i don't see how you blame republicans for that. obviously, you're going to have a lot of republican voters who are frustrated because republicans didn't repeal it like they should have done and like they should have had a plan in place. but i just -- and i realize i'm a voice in the wilderness here, but i really don't understand how democrats are going to succeed at pinning obamacare on republicans, because republicans failed to repeal it. it makes no sense. stuart: i'm trying to look for areas of agreement between you and i, and they're usually very
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frequent. how about this one? we just heard from top banker jamie dimon who said it's an embarrassment trying to do business overseas because they can't do anything in congress. and you, the media, all you ever do is talk about russia, russia, russia. i'm sure you and i are in agreement with jamie dimon. >> oh, absolutely. and we have never seen it so clear as we did this week with president trump in france, you know, giving that wonderful speech before the press conference, very lofty remarks talking about the history of human freedom, talking about the relationship between france and america. and then what are the questions he gets? he gets questions about this stupid russia thing that doesn't exist. and it was so embarrassing -- it was perhaps the most embarrassing moment i've ever seen for american media. stuart: well said, charles hurt. you brought it around full circle. we're in full agreement at the very end. [laughter] >> there we go. i feel much more comfortable that way. stuart: i'm going to leave it
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this way with something is better than nothing. charles hurt, thank you very much for being with us today. [laughter] all right are, charles, thank you. now this, some are saying it's time to rein in amazon because it's just too big, too powerful. commerce secretary wilbur ross does not agree. roll tape. >> i haven't seen anything that amazon has done that would qualify remotely for antitrust consideration. stuart: okay. joining us now, susan tynan who has worked with several tech start-ups. she also worked with the white house as a management adviser on technology. now she's the founder of framebridge, which we will get to in just a moment. susan, do you think amazon needs to be reined in? can we use antitrust law to do it? >> look, the scale of amazon is impressive, and its share of my own wallet is extraordinary. but i think we see a lot of opportunity for e plaintiff --
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e-commerce companies to compete against them. stuart: would you want to the rein them in? i mean, you could say they're guilty of predatory pricing, and they really do dominate so many things at such a level. do you in your heart would you like to rein them in? >> you know, i am really an admirer of their business, and i think i'm an admirer of the innovation that they continue to create. so certainly government has to keep their eyes on them, but i think for now it's just a great american success story. stuart: okay. snap, i want to bring that to your attention. trading below its ipo price. one analyst says that people should be buying this stock. have you got an opinion on snap? >> i do, i agree. i think it's a really authentic social media network. i think customers engage with it in a very real way. certainly when instagram launched instagram stories, we wondered is this feature going to kill snap. and i think in no way. and as an advertiser, we look to
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new opportunities to find groups of people who are really i authentically engaging. so, certainly, they are in snap. so i'm bullish. stuart: well, you know, you're out on your own there. we haven't had anybody on this program who says, yes, get out there and buy snap at 15. congratulations -- >> thanks. stuart: i've got to talk to you about frame bridge. as i understand it, you make custom the frames for photos and weddings and paintings like that one we've seen there, and you just received a $17 million investment, is that correct? >> that's correct. stuart: okay. >> so framebridge makes it easy to custom frame the things you love. customers use our web site or iphone app. we do all of our production in maryland and kentucky, but we deliver a custom-framed item to your doors in days at half of the price of what a retail store would cost. stuart: i believe, not at my urging, but you did a custom framing job on my daughter's wedding. can we see that? >> wonderful.
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stuart: you kid -- you did that? there we go. that's my lovely daughter in her wedding dress. you did that. thank you very much, indeed. okay, susan, we appreciate you being with us this morning. and thanks for the picture. >> thanks so much. stuart: now this. got an update on charlie guard, okay? that's the young man, little baby, 11-month-old. the wanters want to bring -- the parents want to bring him to america for treatment. >> a u.s. doctor will fly the u.k. to assess whether he's -- he's with columbia university. he has done research into this genetic disorder that charlie gard has. there's a 10% chance this unapproved fda treatment -- in this unapproved treatment would help him or improve his condition. stuart: so the american doctor flies there to see if this is a possibility.
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that's a compromise, i guess. >> and the british judge says he is open minded to hear what the doctor has to say in his assessment. stuart: we've got it. coming up, president trump now says the united states does not necessarily need a whole border wall. the head of the border patrol council weighs in on that in a moment. and next, next hour we found someone who says cutting taxes will not boost the economy. i'll challenge that claim. don't go away. ♪ ♪ copd makes it hard to breathe.
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while taking anoro. ask your doctor about anoro. ♪go your own way get your first prescription free at anoro.com. >> congressman earl bobby carter says it is crucial republicans get health care done. roll tape. >> i know you're in the house, but does the republican party as a whole understand that they absolutely must get this done? >> yes. i think that message has, has a resounding effect on all of us. we understand that obamacare's imploding as we speak. 44% of all the counties in america have either zero or one insurance company on the exchange. and that is no choice whatsoever. ♪ ♪ think again.
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this is the new new york. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes.
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and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov stuart: what is going on with casino stocks? all of them are down, some significantly. i'll tell you, a top potential in macau jailed for 21 years. it's a high profile corruption case. those casino guys rely heavily
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on macau money. now this, president trump may be scaling back his pledge for a full border wall. on his flight to paris he said this: you don't need 2,000 miles of wall because you have mountains, some rivers that are violent and vicious, you have some areas that are so far away that you don't really have people crossing. joining us now, the vice president of the national border patrol council. what do you say to this, art? >> you know, it's what we've been saying all along. i don't think there's any different tactic from before. i understand that the media has focused on the wall and the wall and the wall, with but the reality is we need a barrier. it could be a physical barrier, it could be more agents, it could be more sensors in other areas. but the reality is we're happy that finally we're constantly talking about border security -- stuart: yeah. but, art, i could give you a dozen sound bites either from the campaign or early in the
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administration where president or candidate trump was saying i'm going to build a big, beautiful wall. there was no hint that there might be little breaks here and breaks there for mountains and rivers. that wasn't the story. the story was i'm going to build a beautiful wall. kind of left you all in the bag. >> well, no, i don't -- we don't feel that way. because we've been in there talking about it the whole time, and there's areas that we need a wall, definitely. like down in the rio grande valley, on the reservation in the tucson sector, areas that are there are high traffic volumes. but there are areas that there's other things we need. the main focus is bringing back border security, talking about border security and retaining the agents we have. that is a big one, is retention of agents. suit institute but if you -- stuart: but if you don't have the wall all the way along and you use a wall to close off areas that currently have a high proportion of areas trying to cross, if you close that area with a wall and don't have a
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wall elsewhere, those people will simply go elsewhere, won't they? >> well, you need sanctions for these people that actually cross. that's the reality. and you need to put agents, more agents in those areas that are more remote and areas where you would not be thinking about putting a higher physical barrier. still put a barrier but, obviously, not -- a different type of barrier. of you have to put different barriers depending -- go ahead. stuart: hold on a second. look, bearing in mind what the president just said, do you think that as of now the idea of a wall, all 2,000 miles long, is dead? >> no, i wouldn't think it's completely dead. i think, you know, it's something that still needs to be looked at and talked to. definitely it's something that we are hopeful that we can also speak to secretary kelly and try to figure something out, because i think one of the issues is there it's lot of obama holdovers that are constantly being promoted under secretary kelly, and that might be an
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issue also. stuart: yes, sir. thanks for joining us, sir, we do appreciate it. thank you very much. okay, we've got this for you. a federal judge in hawaii issues a new ruling on president trump's revised travel orders. details. >> yeah. basically what judge derek watson did was expand those who would not be affected by this. the original trump administration ban said we will accept u.s.-based spouses, children, parents and siblings only from those trying to to get a visa to the united states from the six muslim, majority-muslim countries of which this ban applies. restriction, i should say. the judge has expanded it saying, no, you have to include grandparents, grandchildren, brothers-in-law, sisters-in-law and cousins of people in the u.s. which really, really widens the scope. stuart: it sure does. >> all of this will be moot because it's going to the u.s. supreme court, and they'll take it up in october.
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stuart: ah, you left the best til last. it's moot. >> i just wanted to get your outrage and then kind of soften it up at the end. [laughter] stuart: well, that worked. >> okay. stuart: what are you doing for my blood pressure? >> i think you're winning on that score, i need to get in on this race. stuart: who can outrage varney more? >> exactly. [laughter] stuart: the company that makes the roku streaming device reportedly wants to to go public this year. what do you say? >> yeah. they're looking to raise a billion bucks. this is a company backed by 21st century fox, viacom, dish, it's a streaming internet device. it's about content. they've hired investment bankers, looking for a $1 billion valuation for its ipo to possibly later this year. of. stuart: not been a good year for ipos. >> that's right. stuart: they want to do it. how's this for an economic indicator? the fed says that rising student loan debt is locking millennials
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out of home ownership. i can see that. any detail on this? >> well, you know, they have a reputation for not buying houses and cars, millennials. but the idea that it's the can debt that's icing them out is really key. and fact that they're, you know, the first-time home buyer market has been kind of stagnant. and the other thing that's interesting too, stuart, is when we looked through the banks' earnings reports this morn, all three of the big banks saw double-digit drops in mortgages. so this is a trend that i think, you know, d.c. should pay attention to how much middle class families are being gouged by college ares. stuart: i think that's a very good idea, liz. you doesn't stimulate much outrage -- in next time. stuart: president trump says mitch mcconnell has to get health care reform done. got to. it's not just the democrats who are being obstructionist. two republican senators oppose the bill. we'll have bret baier be's take on that next hour.
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stuart: i know that you've been asked what about people who are dropped from thed food stamp program or dropped from medicare. what about those people.
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how do you respond to that? >> if you take a look at the numbers of folks who are on medicaid, the folks who are on food stamps, what you've seen is a dramatic increase at the beginning of the recession, which you would expect. but we've not seen a dramatic decrease now that we're back at what some economists consider full employment. so it leads us to believe you can have a conversation and should have a conversation about whether or not there's people on those programs who should be working. and one of the things we've been pushing in health care, in our tax proposals, in our budget proposals is having a work requirement for those benefits, making those folks who can, single people with no dependents who are able-bodied, it is reasonable, we hi, to ask them to actually go back to work, and that's what we're trying to do. that adds to the labor force, adds to productivity, adds to gdp growth. stuart: you were a member of the freedom caucus when you were in congress. how do you feel about whipping your former knell travelers into line with health care reform and
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tax cuts? >> i know most of my fellow travelers, and whipping them into line is not something we did very well. i couldn't whip myself when i was there, that's for sure. mark meadows called me last night after he saw that headline. yes, i have been on the hill trying to remind rank and file, i mean, freedom caucus, tuesday group, anybody who would listen that we absolutely have to have a budget passed out of the house and passed out of the senate in order to get tax reform. so i recognize there's going to be in-fighting in the house and the senate over details in the budget. that's fine, that's part and parcel of the process. as long as they know that at the end of this process we must have a budget. that was the message i'm delivering yesterday and that i'll continue to deliver until we do have a budget. i'm... i'm so in love with you. ♪ ♪ whatever you want to do...
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♪ ...is alright with me. ♪ ooo baby let's... ♪ ...let's stay together... potsc(in unison) drive 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)
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stuart: what on earth is going
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on in seattle? is it really an american city? here is the latest example of why we are asking the question, free money, courtesy of the tax payer given to politicians, any politician running for city council, guess who is getting the money? here is how it works, every resident gets four 25-dollar voucher in the male, homeless get them, candidates collect vouchers and cash them in, instant free money. candidates go around the city collecting vouchers and then cashing them in. where does the money come from? property taxes. yes, $3 million comes out of homeowners and businesses' pockets and goes into political campaigns, forcibly. i would have thought that was unconstitutional but this is seattle. one candidate endorsed by the socialist party has cashed in
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$129,000 worth of vouchers. that's nearly two-thirds of the total amount of voucher money dispersed to the socialists. remember, please, it was the socialist who pushed through the minimum wage increase in seattle and then try today cover up the disastrous result. of course, it is technically. it's right there on the left coast, it is. [laughter] stuart: in opinion of this american citizen, seattle is profoundly un-american. i jumped out of the socialist frying pan when i left europe. i really don't want to be jumping into the socialist fire of seattle. i live in new jersey. the third hour of varney & company is about to begin. ♪ ♪ ♪ stuart: we are up on dow
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industrials, s&p on s&p 500 and up on the nasdaq. some of the big banks, they have been reporting their profits, citi, first republic, jpmorgan, all of the bank stocks on down. i want to move swiftly to the senate health reform plan, mitch mcconnell wants to vote next week, two republicans would not even allow the debate on the bill to continue. here is how beating obamacare author betsy mccoy, she's with us right now. i don't think you agree with me. you don't love the new version of health care reform but you agree with me that something is much better than nothing? >> absolutely, what's blocking the passage of this bill is lies and demagoguery.
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well, in fact, it's $7,670 for every opioid and addict in the country whether they seek treatment or not. more than funding for heart disease, stroke, more than half of the entire medicare part d benefit, every senior in the united states regardless of their illness and he says it's not enough, schumer, you're lying. stuart: yes, okay. >> that's right, it makes me angry because it's taking advantage of people heart's and scamming them. 45billion, how much do you want for opioid addiction. stuart: i've got the number, i've got the message. cbo says that millions under this plan, millions will be taken off medicaid. >> lie. it's grandfathered in.
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anyone who is currently on medicaid is grandfathered in. what the cbo report really says is that future additional enrollment in medicaid will slow down so that if the bill is passed and this house bill is passed and goes to the president's desk and gets signed, in the future fewer enrollees, that's not ripping medicaid away from anyone who currently has it. stuart: it is eight years down the road that they'll start to lessen the number of new enrollees. >> that's right, how many people should be on medicaid. for example, over half of all of the woman in the united states now send the bill to medicaid, over half. we have 74 million people on medicaid, 20 million more that are on medicare and -- and we have reached the tipping point. you add any more people to medicaid, there will be no
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commercial insurance left. we will be in a single-payer system because medicaid short-changes hospitals and doctors and only pays 86 cents for every dollar of care and people with special insurance have to make up the difference. if you have an insurance policy, $2,000 approximately, that's the estate, $2,000 of your premium every year is going to make up for those shortchanges by medicaid to keep hospitals operating. stuart: you used to come on the set with a whopping binder. >> that's right. this is the senate bill and should get passed. [laughter] >> that's right. that's a virtue. stuart: we did hear you, you know. thanks for being on the show. all right. stocks up big time since the selection. big time since the election, our next guest say ifs the president 's growth agenda will not rally
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further. okay. if we get tax cuts, we get the growth program, a lot of money comes into the economy. i think it's going to give us growth but you say no, it won't give us growth and won't give us market rally. >> no, janet yellen mentioned a little bit of this. the fact is that gpd has four characters to it. there's the consumer, there's investment by corporations, there's the government and then there's import/export. if we lower taxes in the country that means our government gives less money coming in and less money coming in that we spend less as a government. stuart: but more money comes in down the road when the economy is stimulated by more money in my pocket. >> exactly. exactly. stock market has adjusted for that hope that we will see above 3 pe even 5% gdp.
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i don't think it's going to happen. consumer spending has been declining, exports have been declining, infrastructure investment by corporations has been declining and now if the government pulls back, we are looking at a negative gdp. stuart: you think that tax cuts lead to recession? >> absolutely. government has been a big spender, 30% of the gdp. trump came into -- stuart: growth plan is no plan to lower significant government spending, it's going to go up. >> he's stream line, remember with the airplane, boeing, he cut the price, they are going to try to cut expenses tat government level, they have to, with the deficit where they are today, they have to cut the spend to go pay down the debt. they don't pay down the debt and the debt keeps going up and interest rates eventually go up, then we are really in big trouble. stuart: okay.
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>> the concept is lowering taxes is not going to solve the economic problem today. stuart: i disagree with you. >> we always have. [laughter] stuart: one more issue here, jamie diamon, top banker, it's embarrassment to do business overseas, much stronger growth if there were -- more intelligent decisions and less gridlock. >> he has it right on the head. >> he profoundly disagrees with you. >> he's talk about gridlock and not taxes. he wants something done. stuart: he's say if you get tax growth done the growth environment will be here. that's the exact opposite of what you're saying. >> obviously i'm i'm taking the other side. stuart: i've known you for 20 years, and you have been a bear all of the time. >> it's not true, but i love you
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anyway. stuart: i want the bottom line here. you think the stock market is heading south, correct? >> yes, do i. stuart: time and level do you see it going to. >> next week, wednesday, we could potentially see 2,000 points into december, possibly. stuart: tangible stuff. i can work with that. that has to do with the stuff going on in next 30 days. stuart: 2 or 3,000 points by december. stuart: you're on tape. >> and i love it. thank you. nice to see you. stuart: i want to move onto amazon, check that stock, please, exactly $1,000 a share. they are under scrutiny we here for few reasons, one of them says reports they may give third-party developers your alexia transcript.
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i think that's a privacy issue, isn't it? we allow the third party to advertise the right products to you and i'm not so sure i like it, amazon 999 as of now. dog fish head brewery, the top guy is with us. they are working on what they call the most thirst quenching beer. bret baier is here, fired up about socialism. you cannot make this up and we didn't. varney & company coming up.
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stuart: we will be remised if we didn't get back to the battle of health care reform. president trump says get it done. he even made phone calls while in france. special host bret baier. i need your judgment. mitch mcconnell needs 50 votes in the senate to get this thick moving forward, is he going to get them? >> well, stuart, good morning. we can possibly say he's going to get them to debate the bill. that gets the bill to the floor. as far as getting the bill across the finish line, i think that's a different animal and right now he's lost two officially, susan collins and rand paul, he can only afford to lose one more vote and then it goes down and i think there are a lot of possible one more votes out there in the gop caucus, so it looks like an uphill battle. stuart: i've been saying this for a long time, bret, i cannot believe that the republican party would allow this to happen.
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i think they are toast next year if they do that. >> well, it is -- it is tough to imagine, if you think about it, the republicans have voted 61 times to repeal obamacare and they've had seven years to work on a replacement and they haven't been able to herd the calfs. senator from louisiana has plan that empowers governors, give them the money to create each state's own version of health care, but that's even the long shot. right now, i agree with you, it could be a political fallout if it al falls apart. stuart: i have to refer to what was on your show last night. i got the show on seattle by watching special report as i do every night. free money for politicians, taxpayer money that is, i said it at the top of this hour, that's profoundly un-american and i'm an american immigrant, i'm an american citizen, i think that's un-american. you want to come into this argument?
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>> well, i tell you, there is a big pushback in seattle about this and it's essentially giving -- it's trying to get around campaign financing. it was started by the democratic socialist party there essentially giving each -- each voter checks for $25 checks and they can do with it what they want as far as who they want to give it to. it's not going over tremendously well either even in the very left-wing corners of seattle. stuart: i know you're doing the best to stay out of this. i do understand this, brit, i'm not trying to drag you in but you do understand my position, i'm a refugee of socialism and i don't want to see that in my newly adopted wonderful country. >> i do, in a fair and balance way, i can tell you there's pushback in seattle, just get it right there. if it's having some troubles in
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seattle, i don't think you're going to see it across. stuart: that's good. i could live in hope on that. if this pushback in seattle, i live in hope. >> there you go. i will be watching again tonight. that is a promise. thanks for being with us. >> yes, stuart. >> look at facebook and alibaba, priceline too, all three stocks hitting record highs this morning. look at that just as we were speaking, facebook goes to $160 a share, dropped by one cent moments ago, it reached 16014 earlier this morning. alibaba, same story. look at priceline, $1,049 per share. clearly they don't believe in stock splits all of them. jaguar new record on flipping suv, 270-degrees over 50 feet.
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you're seeing that right now. >> wow. stuart: is this some kind of safety video? >> don't do it at home. >> jaguar, jaguar. i'm an american we call it jaguar. disney giving a sneak peak at the new star wars land being built at its california and florida theme parks, you'll see more of this, stay right there, please. ♪ ♪ ♪ whoooo.
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stuart: netflix has released the teaser that you saw of season two of stranger things. they promised that it only gets stranger this time around. new
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season out october 27th, lizzie, have you ever seen it? >> yeah, i like it. it's about the super natural parallel worlds. ashley: i do enjoy it. >> i love that show. stuart: okay. >> you have to watch it. stuart: check this out. i'm going to show you a copy of gone with the wind. listen to this, it's only going to fetch 4 and a half thousand bucks. >> that's it? stuart: vivian lee won the academy award for ha role. by the way, there's more than one copy available. >> let's bid it up. [laughter] stuart: some of the rich are preparing for apocalypse. >> that's even worse.
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stuart: everything, a movie theater, indoor pool, spa, you have to have a rock-climbing wall. 15 stories underground, gym, library, of course,. new york's city time scare, these are not for making calls, part of interactive art installation called once upon a place and you pick up the receiver and you can hear immigrants tell the story of how and why they came to america. >> are they here legally? stuart: this is a sanctuary city. a bag of moon dust by neil armstrong, first person who walks in the moon. look at the price, $4 million. that's what it could go for a bag of moon dust. this is the first look at disney's new star wars land under construction at both
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california and florida parks, 50-foot 3 -- ashley: looks tinny. stuart: 3d model, it covers 14 acres and open in 2019. you'll be there, liz. >> of course, i will. stuart: amazon may give third-party developers your alexa transcript. a billion dollar opioid
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stuart: you have to take them to pieces with antitrust legislation but stopping the subsidies would be a very good idea. what are we doing that for? attorney general jeff sessions cracking down on health care fraud, 400 people accused of generating $1.3 billion with false, really chasing down the opioid people. fifty dollars among those 400. big fraud case. prescriptions have skyrocketed, a lot of that unfortunately ends up not being for medicinal purposes but in these cases the allegation is they were basically bringing in addicts, writing prescriptions for them
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and getting reimbursed by federal programs including medicaid, medicare, so very big fraud case and we have seen this has become, you look at the 2016 election, how big the opioid problem was in a lot of these states, ohio, for example, it's really been skyrocketing and this is a federal effort to combat that. stuart: going after the doctors who are clearly overprescribing, that's a very good thing. that's the way to go. >> everyone deserves their day in court so we will see. some of the cases, the numbers of prescriptions are so massive, it's almost beyond belief that they could have been legitimate. stuart: federal judge in hawaii issued a new ruling on president trump's travel order and really vastly expands the list of people who are allowed to come in with immigrants that do come in. the same judge who blocked the president's original order. it's a moot point, isn't it because the supreme court is
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going the take it over? >> the supreme court will take this and this isn't really the judge to decide who is coming in and who is not in terms of policy. i would argue that the president has a lot of authority in this area but if you think he shouldn't, it seems like the job of congress not a judge to say which categories of people ought to come in. what judges ought to do is decide the facts of a particular case not -- not whether grandparents are to be allowed into the country. that's a policy decision. stuart: you know what your problem is freeman, you pay far too much attention at the united states constitution. you people should wise up a little bit. >> i'm honored by the complements. stuart: okay. straight back to politics. we are joined now by congressman andy briggs, republicans, arizona. my position is, do something on
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obamacare reform, i don't care what you do but do something because if you don't, you're toast next year, you're with me? >> well, i'm with you that if we don't do something we are toast this year, i'm not sure that doing anything is better than doing something in some ways. stuart: yes, it is. the voters will never forgive you, for six years you've been saying we will repeal this thing, we will do something about it, we will get it off your backs, if you can't do it now when you run the house, the senate and you have the white house, they'll take you to the cleaners. >> look, i don't disagree with you that people have expectations, i have expectations too but the promise wasn't we will get it off your backs, the promise is we will repeal it totally and what we have here is even from what we have seen from the senate unless they will bring it back and bring senator cruz's original amendment in the shape it was in, you're putting more constraints on the free market
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side that senator cruz was trying to respond with. stuart: you don't have the vote of total immediate repeal and get rid, you don't have the votes. >> you've had them in years past. stuart: you weren't running congress, you didn't have the presidency. >> i agree with you. stuart: you're the party of government. we put you in power. what are you going to do? walk away from basic promise? >> no, no, i'm running to the basic promise. the basic promise is let's repeal. not only did we do this in the past before i got here, by the way, but all of these people that ran on repeal, they past repeal, they were reelected after voting on repeal. that's the key here. stuart: okay. let me fast-forward a little, push comes to shove, you're the guy that has to vote, you're the deciding vote, if you vote no, then the whole thing is gone, if you vote, yes, we've got something, which way you're going? >> i tell you what, let's see what happens if the senate can
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get something good out of the senate. we don't even know that yet because they are working on it but the version that they pass out yesterday is not -- not the best thing, that's for sure. stuart: and you'd vote against that? >> i would probably vote against that, yes. stuart: come back and see us soon, please because i'm going home on this one. i'm not letting go. >> me either, me either. [laughter] stuart: thanks for joining us, sir. now, president trump has called on european leaders unit against terror and the growing migrant crisis, watch this. >> we also face great threats from terrorist organization that is wage war on innocent lives. we also renew our resolve to stand united against these enemies of humanity and destrip of territory they are funding, networks and ideological support. last week the g20 leaders also reaffirmed the right to sovereign nations to control
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their borders. we must be strong from within to defend ourselves from threats from the outside. stuart: the rightest sovereign nation. emmanuel macron looked unfortunately with that one but the president said it. the author of the best selling book in europe joining us from london. douglas, i've not read the book, but does it say that europe is dead because of muslim immigration? >> it says that the movement of this many millions of people into your europe at this speed into a continent which is driven by many crisis, is yes, fatal movement. i have no doubt about that. it's the legacy of an entire generation of failed politicians. stuart: why is it a fatal move to have this level of immigration so quickly from
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muslim lands? >> you know, germany in 2015 added an extra 2% to its population in a single year ayear, sweden added 2% of population, about the only thing that sweden feeds is non-skilled labor, non-skilled labor that doesn't speak swedish. there's no opportunity for the third world to move into the first world and for that to move. we have two major problems in europe. the first is the external borders basically absent particularly since 2015 when merkel invited the world in and the second is that people are moving into a continent which itself is trying to become a borderless continent. the agreement dropped borders between countries. we all got reminded how awful it is when a muslim from brussels decides to go to paris in the evening and, you know, these are all totally predictable problems, security problems and
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economic problems and social problems, but they were just ignored and they still are. just last weekend, 12,000 people came in 48 hours in italian islands alone. now the austrian authorities are sending troops to usa rannian italian border. stuart: i want to ask you about the religious angle here. you've get with the economic side, can you bring large numbers of people who follow islam into a judeo-christian continent or can you do it successfully? we have had migration over the century. french protestants, irish catholics. we've not had the experiment
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before. i think all of the evidence in the book is we are trying it and we are going to fail at it and massive thing as the center of this is people with a very strong religious ideology moving into a continent that has totally lost faith and belief above anything else in itself. stuart: douglas murray, thank you for joining us. i'm surprise that had you feel free to say those things in europe. i thought you would be branded and islamophobe and run out of town. >> i'm still here for now. thank you. stuart: hold on, son. thank you very much. good to see you, sir. coming up, very soon on this program, dog fish, the brewer, brew beer, of course, they are working on the most thirst westerning beer on the -- quenching beer, that's coming
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up. i want to check coca-cola, two black pastors are suing the company say we are losing more people to the sweets that be than the streets, diabetes and heart disease killing more parishioners than gang violence. more on that. newt gringrich, don't forget, frequent guest on this program slamming the hypocrisy from the left, we will play you the full clip next. >> let's put in context, you want to talk emails, how about the 33,000 emails hillary clinton destroyed. okay, now, how come that's not a crime? how about the fact that comey leaked the documents that belonged to the fbi in clear intervention of fbi rules. how come that's not a big problem? how come bill clinton is getting a half a million dollars from a moscow bank, that's not a problem.
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>> let's put in context, you want to talk emails? how about the 33,000 emails hillary clinton destroyed, okay. now, how come that's not a crime? how about the fact that comey leaked the documents that belonged to the fbi in clear intervention with fbi rules? let's just go down the list. how come bill clint open is getting half a million dollars from moscow bank. that's not a problem. how about the fact that the chairman of the campaign's brother was registered of the clinton campaign of russian bank, that's not a problem. how about millions of dollars going to the foundation while the secretary of state approves uranium given to the russians, that's not a problem. this city right now, the news media in this country is in a frenzy that is leading it to desperately seek something, they know something was wrong, they just don't know what it is and every time something comes up, they grossly exaggerate it.
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the democrats pick up the exaggeration and then the news media picks up the democrats and we get up in what i think is equivalent of hysteria. stuart: we don't often run long sound bites but that was worth it. newt gringrich got it in, hypocrisy of the left, we are joined now by lawrence jones, host of the blaze. i want to continue the story because i think that it's gotten to such a point it's a, going over the heads of voters and b, we are fed up with it and it's meaningless, what say you? >> this morning i listened to a caller that called into a radio program and he was crying on the program because he was talking about how he's living paycheck to paycheck and that he was a donald trump voter and he just wants them to get something done. he talked about how he had two jobs and he still can't make it and that's most of america right now. people are struggling and they
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want to bring up all of this nonsense and damn it, the people are sick of this. we can't talk about solutions for american people because they want to talk about russia every single day, meanwhile the media for eight years didn't talk about any of the scandals, i mean, not one of the scandals and that's why they don't have credibility. that's why american -- the american people are frustrated. stuart: lawrence, i have been sitting in this seat for three and a half hours and monitor of all the other channels to my left here, one other channel has done no other story all morning long since i've been sitting here for three and a half stories, no other story but russia, russia, that's it, that's the only thing they've got. i think they are destroying not just their credibility but the credibility of the media overall. i will give you the last word on that subject? >> they have no credibility,
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look at the polls, they are lower than congress. the american people don't trust you guys meanwhile they go to the white house briefing because they have poor journalism and they want to live stream what's happening in the press room so they can become famous people and go to hollywood dinners and be praised. the american people don't care about this. they want to get health care done, economy, tax reform done and shut down this border so american jobs can stay here and not illegals coming to america taking those jobs, that's what they care about and it's time for the press to start covering it. stuart: no wonder you're popular. two african american pastors suing coca-cola and the american beverage association accusing them of deceive of sugar drinks. is this the way to go, lawrence, you sue coca-cola.
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>> the black folks in texas that work in coca-cola lose jobs, lose benefits in the organization. i love coca-cola specially vanilla. i'm not going to blame coca-cola for americans choosing which direction they wanting to. they can drink water, it's free down the faucet. i'm a libertarian and that's just how it works. stuart: i will repeat, no wonder you are so popular. bring him back. >> i will see you in new york next week, brother. stuart: i want to the bro hug? >> that's right. stuart: watch out. lawrence, thank you very much, indeed. >> thanks, brother. stuart: nice story for you, incredible videos showing beach
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goers forming hands, a group of swimmers caught in rift current. it happened in panamá city beach, florida. this is a good story. 6:30 in the evening. almost 80 people and they rescued the people. >> thank god congress wasn't there because they would have debated and people the people off to sea. stuart: next up we are joined by dogfish, the brewers, that's beer, we will talk about it. hi.
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i'm the one clocking in... when you're clocking out. sensing your every move and automatically adjusting to help you stay effortlessly comfortable. there. i can even warm these to help you fall asleep faster. does your bed do that? oh. i don't actually talk. though i'm smart enough to. i'm the new sleep number 360 smart bed. let's meet at a sleep number store.
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stuart: look who is with us, that man, wait, that guy right there. he is sam, founder and president of dogfish head brew we arery. >> yeah. stuart: quenches thirst. what's that? >> black lines and we are not putting anything crazy into our
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beer, we are using ingredients, sea salt and black lime make the their thirst quenching. it's low in calories. stuart: is that your best marketing shot? [laughter] >> it's true, lower alcohol, really approachable beers are definitely gaining traction in america and they don't have to be with the white loggers that come from massive conglomerates. stuart: the government won't allow you to say it doesn't dehydrate you, you can't say that, can you? >> for two years we did the most objectively thirst quenching beer dogfish has ever made. stuart: is it new in the market? >> it is.
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stuart: leave that beer right there for the crew. [laughter] stuart: thanks very much, indeed for joining us. >> thank you, stuart. stuart: will have been more varney after this .. ..
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.. ..
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it's 200 feet across. i don't know how deep but that is a sinkhole and a half. and on her way out as we go to neil cavuto i thought i would use the sinkhole as a metaphor for the gop. that's pretty good. i must say that's pretty good. have a great weekend. my best to your great crew. we are watching the sinkhole. they are nowhere near what they would have to to get this thing through. there is a lot of wheeling and dealing on this. we are on top of markets. yet again adam shapiro following this drama from the white house. the wheeling and dealing is already taking place it started just as they released the bill yesterday in this morning

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