i'll be talking with house ways and means commissioner kevin brady and the teamsters president, james hoffa. great show. we'll see you tomorrow. here is stuart varney and "varney & company." stuart: thank you very much indeed. on health care, the republican party failed to govern and president trump has failed to lead. in the senate the obamacare reform bill is dead. good morning, everyone. last night the president held a state dinner and urged senators to get something done on health care. as the meal wrapped up, two more republicans announced they would vote no. mitch mcconnell announced regretfully the effort to repeal and and replace obamacare is dead. the president called for a new health care plan and said the dems will join in. they will try a simple obamacare repeal followed by a two-year transition period.

however, there is no guarantee that a simple repeal bill will pass. for now obamacare lives and we have to live with it and we have to pay for it. so now, what about tax cuts? will a divided g.o.p. fail on that, too? the president growth agenda is threatened and given the house and senate and the white house to the republicans, what will the voters do in the next election? all good questions with no immediate answers. the with the fail, a low to the u.s. dollar. and the stocks supported by netflix and a hope for strong companies this week. throughout the health care debate, we said something is better than nothing. well, this tuesday morning, we've got nothing. "varney & company" is about to begin. ♪

you know, why don't we start with netflix? why not? [laughter] >> shares will open at an all-time high. netflix posted blowout numbers, the big deal, the number of new subscribers. all right, ash, how many. ashley: yeah, 5.2 total million, that is not 5.2 people. 5.2 million total subscribers, 4.1 of those, by the way, international. 1.1 here in the united states. the international is important. it blew away the estimates, which is good for netflix. about you, they're still losing money on this international spending. they only lost, i say only lost, 13 million in the second quarter and i know you hate expectations, but that was better than expected. they're hitting in the right direction. it appears that investors don't mind netflix spending money as

long as it leads to new users. this morning it's up 8:00, 9:00. >> a couple of analysts raising price targets helps. >> now, the big tech stocks, yesterday, they were on the rise. what now, e-mack? >> they're under slight pressure right now, but they're still moving solidly. you see them tipping into the red right now, but fractionally. as you pointed out, 40% gains this year, year to date and added the equivalent of south africa and hong kong. and they're considered a safe haven trade almost like bonds and utilities, because they seem impervious to u.s. and geopoliticals. stuart: if you look at those on the screen. all are close or at all-time record highs. a slight pullback. got it. back to politics, president trump tweeting this morning

after mitch mcconnell pulled the health care bill. here we go. we were all let down by all the democrats and a few republicans. most republicans were terrific and worked really hard. we will return. all right, come on in, katie. if the republicans can't agree on health care, what is the chance that we'll get any kind of tax cut? what do you say? >> well, tax reform is going to be just as difficult as health care reform, in the sense that we're talking about getting rid of a bunch of reductions. we saw the administration introduce some things that they want to do, fewer tax brackets, getting rid of some deductions, but overall, giving people a lower tax rate across the board, and, of course, lowering the corporate tax rate in an effort to keep american jobs here rather than them going overseas. when it comes to the details, as the president said yesterday, during his remarks at the made in america showcase, some states need this, some states need that. some people in those states like certain deductions and

others maybe don't need them that much. it's difficult when people have their own interests in mind. stuart: the only they think we can hope for is a very much slimmed down version of tax cuts where we pretty cut the corporate tax rates and fiddle with a couple of other fates and that's it. the idea that we'll get overall tax reform i think just went out the window. >> i think in general when the federal government tries to do comprehensive bills, a, when they pass, they become problems because they're so big. obamacare is a good example of that. b, if you can focus on small things at a time, you really can work on that and fine tune them before they pass so they actually work once they're implemented. the reason why obamacare is so difficult to repeal, first of all, is because it's an entitlement. one of the big lessons here, once you get something out, it's hard to take it back. the biggest problem the states say we like all of this medicaid funding, please don't take it away.

that's one issue. look, you have to take into account the things that people don't want to give up because they already have them in their pocket. tax reform is very similar. stuart: thanks very much indeed. you mentioned the idea that it's extremely difficult to take away something that the government is given. i'll bring in that theme and judge andrew napolitano, once you give something, any kind of entitlement, any kind of give cannot be taken back. >> president obama whatever you think of him succeeded as establishing as a premise, a baseline, somehow from some source, it's the obligation of the federal government to provide health insurance for every person in the united states of america and that premise has been accepted by hardened, small government republicans who had a chance against obamacare and now must muster the courage to undo it. stuart: we're on the european road and there's no way to

retreat from the republican road. >> when the public treasury becomes a public trough and the public knows that, they'll send to washington anybody who promises to bring back a part of the pie. and it won't mean a wit if public opinion forcefully wants that cash. stuart: as soon as you politicize something like health care, and it's politicized entirely so, voters will vote for politicians who gives them the most. >> precisely. president trump told the irs do not collect the tax on those who have not complied with the individual mandate because by the time that tax is due, there will be no individual mandate. guess what? that tax was due four months ago, and there still is an individual mandate. that executive order restraining the irs is still there, even though it is a legal and valid tax. stuart: it's called a mess, is

it not? >> yes, i could not agree with you more. i'm sorry to say republicans have shown they cannot govern. stuart: that's what i was going to ask. >> a lot of these people are our friends, but i have to say it. you control the white house, you control both houses of congress and you simply can't govern. stuart: would you take senator rand paul to task on this? i know he's a friend, and i know that you're both libertarians. i personally would take him to task and say, look, give me something, because something is better than nothing. and look what you've done. we're now stuck with it. >> you are so smart, mr. varney. stuart: no, i'm not. >> after five minutes of agreeing, what we will not agree on. rand paul is a hero because he believes the constitution means what it says and sticks to his guns no matter the political fallout. stuart: the interview is over! . [laughter] >> we're stuck! we've got to-- >> you pointed it out. the republicans in the congress

failed to govern and for all of his strong personality, the president of the united states failed to lead on this. what did he say to them at dinner last night by the time dessert was served two of them said forget about it. stuart: not two at the dinner. they were two who had not been invited. >> i guess he invited the wrong people to dinner. [laughter]. stuart: he was totally blindsided. >> probably blindsided and probably embarrassed. stuart: absolutely he's embarrassed. judge, look, come back at the 11:00 hour, all is forgiven. [laughter] >> and let's lighten up the mood a little, shall we? in oregon, the greenies are now going to tax bicycle sales, lightning things up. . ashley: cannot make this up. the first time ever the anti-tax conservatives and the greenies agree on something, this tax is very, very, creating a massive blowback. what is it? it's a $15 excise tax on all bicycles sold on the value of

$200 or more, a wheel diameter of 26 inches or bigger. it's a big biking community, the third bike friendliest community. they're doing this to improve the roads. last year the legislature in oregon passed a 10 cent a gallon tax to pay for road improvement. so for the next four years. so, the motorists said, wait a minute, what about the bicyclists, why aren't they paying their fair share? this is where this comes from. stuart: mike the bicyclists-- >> sounds like a colombian revolutionary group. paying for the roads. liz: how many symbols were in what you just said. you're something. >> the london school of economics word? [laughter]. stuart: we've lightened the mood, however, let's bring it back down to earth now, because

venezuela, that story, not on the verge of collapse. in many ways venezuelan society has collapsed. there's a call for a nationwide strike. the white house is not sitting idle. they're promising strong, swift action, we'll deal with that in a moment. and it's made in america week. up next, a business owner at the white house yesterday. i'm going to ask him, don't you want a tax cut? does it look difficult now? roll tape. >> we want to build, grow, create more products in our country, using american land, american goods and american grit, and american labor. when we purchased products in the usa, the profit stays here, the revenue stays here and the jobs, maybe most importantly of all, they stay right here in the usa.

>> oh, look at this.

goldman sachs reported a 40% drop in bond trading revenue. that stock is down a buck and that's goldman sachs a down stock and it's hurting the dow industrials overall. let's get to venezuela. calling for a nationwide strike against president mow maduro threatening sanctions. stuart: it's not a military response. it's economic sanctions. liz: and possible payback for the oil companies. stuart: the president is not rattling the sabers? not doing that? >> no, the possible sanctions on politicians there and now they are he a going after the sector. venezuela is second biggest importer to the u.s. in terms of oil and that's tricky there. the president is saying, listen, it if maduro steps up and seizes control rewriting the constitution, that he will

act. here is his direct quote. the u.s. basically will not stand by if venezuela crumbles if the regime imposes that on july 30th. the u.s. will take strong and swift economic action. >> strong and swift economic action. i think it's important to say that, lizzie, thank you very much indeed. you're on that story. >> president trump rolling out the administration's made in america week. it's a campaign that promotes products made in the united states. now, there's a company called turvis, t-u-r-v-i-s, a thermos, keeps your drink cold. and the third generation to lead that company. as i saw it, one biggest thing you guys need from our president is a tax cut. do you agree with me. >> well, we'll certainly take it, we're happy to have the focus on the made in america

products. stuart: yeah, look to successfully make things in america, you need a tax cut, need regulation reform. how do you feel this morning bearing in mind the health care fail yesterday? >> well, like i said, the focus on the made in america products, if we can get a tax break we'll be happy with that, we're able to focus on 700 employees in america, manufacturing our products. >> now, when i think about a thermos and a drink, or a cup warmer that keeps things warm or cold, you have to wonder, couldn't you make it cheaper overseas? >> it would certainly be cheaper, however, in america you get the focus on your quality and also the rapid response time so we have a lot of control when we're made here in america versus overseas, absolutely, there's certainly a lot of costs that you could save outside the u.s. >> now, you're displaying your products on the white house south lawn yesterday. what was the mood? >> we were, yeah, people were very excited. it was an honor to be among

other american made companies and exciting to representing our company turvis and renewed focus on companies here. stuart: and i'll try one more time. you have to provide health care for your employees with the obamacare mandate. would you like obamacare to go away? >> i can't answer that. happy for everything he's doing for us, with the focus on made in america. stuart: i am i'm sorry to put you on the spot. i know you're here with the good news you're making things in america, and thanks for joining us. >> thank you for having us. >> good luck, thank you. former national security advisor, susan rice, we're told she will appear before congress this week, behind closed doors. what do you think? >> don't we have a right to know what she did? don't we have a right to know what congress knows, and a

right to know what congress is going to do about it? >> save it because you're next. >> i thought that was the beginning of my segment. stuart: no, that was a tease. you gave the whole thing away. wait a second, let's lighten the mood again. and gary player, 81 years old. look at this, a back flip off a boat. la of laugh >> that man is 81, and a golf legend. by the way, he's on the show this morning, 10:00 eastern time. you've got to see this.

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>> oh, look at futures, down more. looking at a 50 point loss for the dow. a lot of that though, half of it is accounted for by goldman sachs, which is is dow stock which will be down. back to the judge, susan rice will testify this week, questioned about unmasking, but this is your big deal, judge. she testified behind closed doors, what's with that? >> does the government work for us or do we work for the government? how can the people we have hired to preserve our liberty and our prosperity and our safety and our constitution delve into things that attack all of them and not tell us about it? we have to rely on leaks, democratic leaks and republican leaks.

how about letting us look at it. whether you like james comey or not, or a good or got a got job. people put opinions on him based on what they saw, not on leaks. stuart: this is about betraying names of people caught up in nsa wire tapping. >> this is the use of raw intelligence data, if used by this woman or her colleagues is a grave one in our society. and tell us why you think tax cuts are not going to happen? >> there's a cadre of republicans in and the house and senate that believe they should not mortgage the future. and won't do that unless it's revenue neutral. i don't think that they can overcome that ideological and

constitutional objection. stuart: which means you could be looking at the second monumental failure of the republican party to govern. >> yes. stuart: are you happy about this? >> no, i wish they could get rid of obamacare and cut taxes. stuart: and can't get the votes for this. can't you be pragmatic. >> when you don't get votes, you need leadership. stuart: from whom, the president and-- >> the republican party. stuart: we've got a republican party dangerously split which will give us nothing when we gave them everything. >> we gave them the power and-- >> you wouldn't bend your principles once, give us something on tax cuts and something on obamacare, no, no, principle rules everything, right? >> do you want to mortgage your children's future. stuart: they're mortgaged already, for heaven's sake. >> i'm going to tell your

daughter before you take her to daughter, you just raised your taxes. stuart: my kids are in the will. they're okay. [laughter] >> thank you, judge. >> am i back at 11:00 or no? >> yes, you are. a the futures so 50-od points down. we'll take you to the opening momentarily. liberty mutual stood with me when this guy got a flat tire in the middle of the night. hold on dad... liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat so he could get home safely. my dad says our insurance doesn't have that. don't worry - i know what a lug wrench is, dad. is this a lug wrench? maybe? you can leave worry behind when liberty stands with you™. liberty stands with you™. liberty mutual insurance.

>> plenty of stock i >> plenty of stock in the back drop of the opening of the market this morning. health care fail. big profit, big signup for netflix and the likelihood of good profits in the big buy technology companies. 9:30 on a tuesday morning. >> we're off and we're running and down 44,unn5 points. 46 points down. a lot of that loss is accounted for, some of it at least, accountable by goldman sachs. take goldman sachs out of the dow and what you've got is essentially a fairly flat to slightly lower openinrni i find that surpriig sng, bearig in mind the health care fail. and the likelihood, the possibility of a tax cut fail as well. >> you said that? whoa. >> i'm sorry, but i said it. we're down 50 points on the dow industrials. and who is witealus? ashley webster, scott shellady, mike murphy. i'm starting on a bright note.

try it here, nenetlix, blowout numbers. so, mike, i think the stock is up, 13, $14. $13 higher. 8% higher, just have to squint to see that one. would you bts it at 175. >> i would sell it at you 5 al day to you. i would not buy it here. the company is losing money and spending a lot of money. this is a huge move up on strong subscriber growth. great quarteley but too expensive. you can't see them getting-- they're going to be losing money for years they said in the statement. stuart: let's hear about their debt poig stion. liz: it's $20 billion double what's shown on the balance sheet. they shoved a lot off the balance sheet. severe cash burn and cash flow negative and basically a stock price gain, the growth of that, outpacing the sales gain. stuart: well, well. ashley: does that make them a great target for someone 0 to come in and bts them out. liz: apple. >> disney.

ashley: netflix is burning through money and the foundation is not very strong. someone could come in and it would be very attractive for the content. liz: the only way to do that is to get that repay -- repatriation day holiday and they could bring that cash home. >> amazon is in the space and that hasn't worked out well for companies. stuart: we're at 21,562. okay, it's not a huge selloff, . i wt a pullback modestly. i want to broaden it out and look at the big technology stocks that we watch every day. scott, they've been holding around record high levels recenlighty. any chance any of them will start a new leg up because it's profifit week for the big five? >> i think the only reason you'll see any of them really have a new leg up, we've got

this problem or at least this symptom out there, where there's-- trying to find a nyou' place fo money and that's not a good reason to go higher. sum they could take another leg higher, but it's not going to be for the right reasons. there's too many things out there right now that are causing everybody to watch those yellow flashing caution lights. if we see a leg higher, i'd be wary of thnce . stuart: leave that on the screen for a second. facebook at 159. on the verge of-- very crows to the all-time high. amazon over $1,000. microsoft around 73. i've not seen that before. alphabet, 974. apple been up seven days in a row, only down 30 cenfit this morning. and they're pretty much holding at a very, very strong level. as scott suggested, where else do you go for safety. >> and growth. stuart: and let's see how the. stu profits look later this week. i'm going to watch that one. ushl says ama> amn could spike %

and reach 1,600 in the next 12 months. do you think that's likely, pinke mindhy? >> i don't. i think that's unlikely, . i wt i do believe the stock has more room to move from these levels. could it move 10 or z:%? i think yes. 6going, you'd have to have the stars aligned perfectly for it. abuthing that ama> amn is lookig to do and get into, they're crushing the entire category and everybody is uig sng it, an scott, come on, weigh in, 1600 bucks on amazon within 12 months. what say you? >> i think we've given ubs a lot of free advertising. what that's about. the stars would have to do more than align and i would have to lose another 100 pounds. h 1idn't we just talk about an analyst on earlier this week saying he's shorting the stock because of worries about monopolistic things? come on.

stuart: you've got it right there, p onott. got it right. look at blue apron. they took a hit last sesig son d, wter word came in that amazo was going to start a rival meal service. blue apron is down again this morning, okay, just three cents, but blue apron is at om.56 per share, what was t ipo price? connell: . >> came in at 10. >> them gve lowered it. stuart: the chart all the way down at 6 bucks. that's what ht. you wouldn't buy blue apron at $6 a share, mike mindxt? >> i wouldn't. it's a huge success story. a venture capitaok abacked com oany and a huge s 3cess or everybody. now in the public market, amcouon comes in and see the stock almost cut in half. so i think there's a lot of people running these billion dollar venture-backed, what were recent start-up companies and watching b we apron and say what's the point of going

public? >> you don't own it or in the future? >> love the com oany, but i wouldn't, because, again, if amazon comes in, it can hurt thre that's predatory pricing, isn't it, scott? you knock them flat with low prices, run them out of business and then take over the business. >> well, in the old days, they've raised prices, and now, amazon is doing s 3h a good job. it's effichynt to the consumer which we move. at the end of the day, there's a positive sign for b we apron is this. you can go all in at six b 3ks and all you can lose is sto th bucks, that's not bad. stuart: we've got to deal with politics. the senate healtealcare reform bill is dead. all right, mike, does that hurt the rest of the president's growth agenda? i'm asking you a political qingsstioc? have you got an am gvwer. >> absolutely, it hurts the president's growth publenda, wirts the likelihood of a tax

cut. when it happened a few months ago, qingsstioning whether the president would be able to get his agenda through, the market took a litlighte bit of a selloy i'm surprised it's coming on-line. the dollar is a the a tha-year low, if we donpen hear something positive out of the washington, i think you could see people taking some chips oll, the table. liz: mike is right. and this bill tried to be everything to everyone and with the way the republicans are fighting, better l 3k fin mng a lnicorn. it was a frankenstein bill. the republicans won three elections saying them gre going to repeal and replace and they're going to the mid terms not having a victory here. who gets the blame, with the care. who gets the blame? >> i think and certainly there's a propinse of what can happen in washington, but we've seen the struggles go on and on and on. liz: i hear what you're saying,

ash. ashley: the markefit decouple a litlighte. liz: the markets have gone up $3 trillion in stocks ig so we. ash is posig sbly righ the e tha lot of stock value. stuart: over my shoulder i can see scott shellady still in london. weigh in on this, please, scott, are we going to get the tax cuts that we were promised? >> i think they're watered down. i'm embarrassed i'm s 3ked in by this. number two, i come from a background, if you shake a man's hand you can judge a man's character by the calluses on their hands. i think if i shook the. stu hanali in washington, they'd be baby soft. they're not lea mng the veountry, them gre bleeding the country. and the rest of america is getting as mad as i am, these guys are going to blow it so much so, if they do finally get something through, it's going to be watered down and disappointment anyway, they've blown thre

maybe the hope of good profifit amaom the microsofts and the others of the world holding things up. we're down i, 21,574. a couple of individual stocks making a move. harley da-oalion, is cutting the p corecast for motorcyc in the future. taking it on the chin, a 11% h 1rop. less money coming in to bank of america because of lower interest paymenfit, no movnce e for that stock at all. and goldman sachs, they reported a 40% drop in bond trading reve sce. down it goes, but not that much. we're down .17%. that's it. that's not having a big influence on the dow. e

that's game of tthat'sones for . a look at arenin look at this, 6.9% in the second quartegrow what are they doing righ the e e ofott shellady? >> well, i tell you what, that's a bighuringsstion to am gvwegrow you know what? i'm not quite sure. stuart: do you believe them? >> no, i do not belhyve thnce , that's the problem. stuart: and you're nocing, too. >> the nnk beat, look so good it's tough to believe there's that type of gro$9h over there. shiaart: okay. we're ten minutes into the

trading session on tuesday morning the day a grer the health care bill failed in the united states senate and we're h 1own-- i can hear scott shellady in london, oh, oh, he's frustrated. i donpen blame yond t >> it's hard to think of anything else. hard to think of anything else, shiaar the e i'm so dist. we're down on the dow industrials. here is a direct quote for you from the head of the border patrol. there's a vibe, an energy in the border patrol that's never been theremornin0 yeaat, that i been in the patrol. we'll tell you what else he said coming up. and it's bbelik to slook are on health reform. next, the former congressman and fox nyou's contri. i wtoapp you could say that he got out right in town. veongressmannt ason chall,etz i next.

>> all right. we're down 54 poinfit, the day after the senate failed to reform or repeal obamacare. down che, ng., che3. ceeneral motors has eyou ornin0icole, come in, please, a tell me what's going on. nicole: you know what you never want to hear when you're making vears? bulging inventory. that's happening with the chefo bolt and sonic at the fbelitory in michigan. they're extending the shutdown and in fit,io, missofrui and ontario. talking about the bolt in particular the first electric car in the united states that goes more than 200 miles on a

single charge, about $35,000 vehicle. ornin0ow, gm says that the prob is not the bolt, in fact, they're on point and them gre staying on track for the production of that, but it's the sonic that's overwhelpinng. but i will note that one dealer in rhode island, east providence, rhode island says on the. stu website, they have more than 200 bolts in inventory. that's never a good les gn. bulr rng i35entory so far, is that overall they have it at a 10-anytar high and it's s5 days of supply. if they didn't make neg for the next 100 days, them gve got plen he of cars for everybody. >> why buy an electric car when you can buy gas at $2 a gallon. preles dent tthat'mp has certif iran on the iran deal, but new sanctions. ashley: on iranians groups and in

m-oduals and networks over what they call non-nuclear antrivity. supporting the ballistic missile program and other missile program and other programs railroade in!t!t!t!t!t!t!t!egang ing the military. and heightens this in the region and assesyou'rent of dros and other military elook ipment that again, the trump administration adds to the tem gvion and instyou kility of region. so, as you pointed out. yesteng ay, they said, anyts, ty are technically in, you know, following the rules of the nuclear deal, . i wt not when it comes to the pinlitary. stuart: thanks, ash. ashley: sure. stuart: i want to get bbelik to the republican health care fail. joining us now, without b orng ltcetious or sarcastic, you got out just in time. >> this is the worst case sceaveorio, iclnow i got acare f my colleagues, former

colleagues didn't get a chance to vote. the house did vote something out and there needs to be some credit there, but the united states senate for supposedly the most delibrative body on the planet. they didn't debate it. >> i'm not critical of the debate in the senate. i'm critical of the reps thilic par he. we were promised so much, and we've got nothing. this is a terrible day for the rerolblican party. isn't it? >> i don't know how you dress it up and mafe itcare pthek anyg other than the failure that it is. i mean, i was told bbelik in ornin0ovembeapp dececoulder, th going to frontload these on the first few wo,ks of ja scary, so they would be on the president's disc the first day he was sworn in. to have it where went ust canpe get 50 to vote. you have to have 50 and you can't getit?0 on one page?

that's a total ltilfrue. >> where do you think this leaves tax rof thorm in the futfruyt if you canpen get agreement on health care after all of these yeaat,, can you get agro,ment on veutting taxes? >> well, look, health care is the f. stust part of cutting tceces. what i would hope they would do with health care, they should comte every single da'm c startg ornin0heat week, take each indil component on put it on the board and mafe a comte. there are a lot of people that would vote for things that woehd pass. olles ng the major nual

nealook,y a trillion dollar. i'm rounding by a big scmber, but a huge, huge number. again, there are acare ot of ba thin c1 h in there. we were going to cut the deficit and cut taxes, but that's not to be. there are other things that have to happen and get on the same pptheke and where is the evidence you can do that? >> i want to leave it with this and mafe sfrue i'm belicurate. if it's anyts, repeal it, and that doesn't take effect for two anytars, which meam gv we'v got two more yeaat, of obamacare next. is that accurate? >> anytah, anytge, , you hth te bare g over to the house and

actually pass, but try to get it to the president's desk, ãjea hu that's what they should do. congressman cha fetts, veongratehatiom gv, les r, got in tdse and glad to have you as a fox news contributor on varney. >> thank yond t >> now this, home owners experiencing buyers remorse. is that fiat,t-time home sn'any? that's a common thing. >> it wasn't the cost they were olpset you kout. most of them are upset that they did not buy a bigger home. in fact, the mll oority said, you kout 42%, we wish we spent, basically got a bigger home for what we paid. >> sho% snd t i'enter home for the amount of money that we paid? >> of cofruse, and the sfruvey shows that renteat, wish they could buy. if you hold onto it seven ãjeaat,, it's cheaper to buy thn

rent in all markets. ashley: seven years. shiaart: in all markefit cheors to bse. than rent after seven years. liz: correct. ashle bu that's interestin car shiaart: that's pretty good. sounds right. that's my experience. all righsm to the mammets, to the markets, we are going to check the markets and scan for you as you can see. there's an awful lot of red there, 20-odd red blocks at the dow 30, only four in the gro,n. germany's chancellor, angela merkel rules out limits how ma cr rof theheo,s can come into germa cr, that she simply won't accept a limit. vean you believe that? that's what she snd t ♪

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remember, medicare doesn't cover everything. the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ >> here are the biggest winner and the biggest loser on the s&p 500. blowout numbers for netflix, up it goes, $14 and nasty, negative forecast for harley davidson and it's down, i'm squinting 10%. now, here is something i find fascinating. germany's chancellor, angela merkel, rules out limits on the number of refugees coming to germany. come on, ash. i want to know secretary-- exactly what she said. >> the up limit on the number

of refugees coming in. she says we have to fight the cause of migration and i believe we can achieve what we want without any cap. as many that want to come in, can come in. stuart: when she opened the door, i think in 2015, i think, shortly thereafter, liz, didn't she say, i made a mistake? >> after her party lost, she said the idea that we'll manage is a provocative phrase and was sorry for it. >> election september 24th could hurt her. stuart: case closed. the bed rock off the trump growth program, tax cuts. that's my opinion. so, do you think we are going to get them? do you think we'll get tax cuts now? that's my take the top of the hour. here we go.

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stuart: the absolute bedrock, the foundation of the trump growth program was and is tax cuts. so are we going to get them in

after the nail lure of the obamacare reform effort you really have to wonder. can the republicans agree on cutting taxes on the well i think? that is not automatic yes. moderates didn't like killing obamacare taxes. why should they agree to cut federal tax rates to give gains to top earners. mid-rots know they will be demagogued to death. what about the border adjustment tax. that is is tax on imports and likely to raise prices. that is not popular. in short the failure on health care makes tax cuts less likely. i do have a couple of positives. there is widespread agreement that the corporate tax rate should be cut. he lower the rate from current 35%. good chance a lot of money now parked overseas would come home. that is relatively painless stimulus. therefore a tax cut the possible possibles could agree on.

second, president trump will push hard for tax reform. in contrast toç his back seat preach for health care. he will barnstorm the country. publicly demand a tax cut bill. that is his bully pulpit. he used it effective in the past. sum it up. slimmed down tax cut looks possible. full-scale tax reform highly unlikely. it is not the president's revision, not the republicans campaign promise but it is something. as we so often said something is better than nothing. the second hour of "varney & company" is about to begin. ♪ stuart: two things we're watching for this hour on the program. a few minutes from now you vice president pence will address the national federation of retailers. we expect him to say something about the failure of health reform and we will listen in and bring it to you when he says

that. house gop leadership hold a weekly news conference. we'll bring you any news developments there as they happen. right now we'll check the big board for you. we do politics and money on this program. this is the money side of things. we're down 70 points for the dow industrials. 21 five is the level. netflix leading s&p 500. they put up very big subscriber numbers they added five million. the stock es up nearly 9%. there is amazon. ubs says amazon's stock could spike to $1600 a share in 12 months. our market guest last hour shall we say a little skeptical. nonetheless amazon is up to 1012. harley-davidson cut forecast for future motorcycle sales. down 11%. back to health reform president trump tweeted this morning this, we were let down

by all the democrats and a few republicans. most republicans were loyal. terrific and worked really hard. we will return. joining us now fox news contributor steve cortes. all right, steve, what responsibility does president trump have for this health care debacle. >> stuart i think he has almost no responsibility. he largely delegated this task to mitch mcconnell. mitch mcconnell and speaker ryan combined have 50 years on the hill, a half century of service and they couldn't get this through their houses. stuart: but he didn't lead, did he? >> i think he did lead. he did. here's the thing he said from the get-go obamacare was a disaster. it is one of the reasons he became president. when it came to replacement, not just repeal, he delegated to the hill believing that with control of both chambers those leaders could effectively could get this through. they failed miss a hably on that score. my guess tax cuts will be incredibly different. he will take hands on leadership.

stuart: that is my question. the president will take hands-on leadership of tax cuts. as we reported he will barnstorm the midwest middle of august, using it as bully pulpit. that is okay. >> right. stuart: but you have to got tax cuts you through a divided republican party in the house and the senate. this failure on health care, tough think that tax cuts are less likely now than they were yesterday. >> stuart, i will be the first to concede the task got harder. that hill got a bit steeper. but we'll still climb the hill. what we're seeing here, excruciating for those on team trump, campaigned for trump. stuart: you were part of campaign. >> watch hour by hour, the swamp is proving hard to kill. it is difficult. there are a lot of swamp creatures elected and lobbyists love the status quo. they're fighting hard. "the empire strikes back", the swamp fights back. stuart: mitch mcconnell speaking on senate floor. >> what they're celebrating. american people are hurting, they need relief and regretful

our democratic colleagues decided recall on they did not want to engage with us seriously in the process to deliver that relief. this doesn't have to be the end of the story. pass the repeal legislation will allows to accomplish what we need to do on behalf of our people. our democratic friends spoken a lot recently about wanting bipartisan solutions, passing this legislation will provide the opportunity for senators of all parties to engage with a fresh start and a new beginning for the american people. stuart: that was the leader of the republicans in the united states senate appearing on the floor of the senate. 12 or 13 hours after pulling the plug on the repeal of obamacare. they didn't have the votes. they didn't even have 50 votes to keep talking about it. it is withdrawn. what they hope to do in the

future is submit a repeal bill, and then pass it, and then not have repeal for two years. that is the proposal. steve cortes, with me now. you listened to what mitch mcconnell had to say. here is my question. is mitch mcconnell and speaker ryan, leaders of the republicans in the senate and the house, are they gone? >> stuart i think they well should be this is fox business, right? if this were a business on capitol hill the two of them would already be fired for lack of delivery on this. mitch mcconnell was elected in 1985. i mean in 1985 i couldn't drive a car yet. he has been in office that long. he has control of the chamber and he can not get this through. this is the swamp at its worst. i think argument for term limits one thing donald trump proposing. stuart: paul ryan talking about, listen in please. >> house has to pass a bill. we've done that. the senate has to pass a bill for us to move the process forward. that is the next step. we're hoping they achieve that next step so we can bring real

relief. here is the problem. obamacare is in the middle of a tailspin. this law is collapsing. we have a promise to keep, also we need to it step ahead of the problem that this law is collapsing. more and more people don't even  left or even one choice. 41% of the counties in america have competition in health insurance. they have one health insure are left. premiums have doubled. options are disappearing. many counties in america have no health ensurers left. that is the stark reality of the moment. so we're hopeful that the senate can take the pause it needs to take and move forward on this issue to get something done. >> are you worried that -- >> i'm worried obamacare will stand and law continues to collapse and people hurt in the process. >> [inaudible] republicans would look like dopes for failing -- >> did you air quote that like this? okay. >> do you agree republicans look

like dopes -- [inaudible] >> this is legislative process. it is a hard process. we in the house are proud of the bill that we did. we passed a bill that we think is sufficient to addressing real problem to keeping our promise. the senate has a razor-thin majority. it is 52 seat majority, reconciliation you need 50 votes. they're working through their process. i'm not going to get ahead of the next steps because frankly we have to see what they can do and find out where it is we can go because we have a serious problem on our hands. >> [inaudible] >> yeah. >> president campaigned on -- [inaudible] >> yeah, i mean we've done this in the house. we passed our simultaneous repeal bill. we think that is is the best way to go. we hope our friends in the senate can figure out how to get a bill passed, get into conference and get something passed.

>> last question. >> senator mcconnell a few weeks ago said he could possibly work with democrats and -- stablize the market. do you think that is something that should be done quickly after repeal vote? is there potential -- >> not going to foreclose any option, the challenge i see democrats are not interested in working on this. they don't want to get us off the obamacare train. they want to double down on failed system in middle of a collapse. ultimately very clear they're more interested in single-pay system, which means government-run health care. government-run health care is not in our nation's interest. if they want to get away from government-run health care. if they don't want to double down on failure of obamacare we have something to work with. the problem, we haven't seen any evidence of that. thank you. stuart: you heard it there first. first mitch mcconnell apologizing in many ways for the failure of the obamacare repeal last night. then house speaker paul ryan

essentially, lawrence jones with me, host of "the blaze." that looked to me like a bare knuckles fight within the republican party. >> there is a fight. there will continue to be a fight within the party because the legislators, the people we send to fight for us, don't do what we tell them to do. i was there in 2010 with the tea party and freedom works. go look look at signs. did you see replace on those signs? no. it was repeal, repeal. we gave them the house. we gave them the senate. they added this replace messaging which failed. we knew it would fail. we gave them what they wanted. now they want to apologize? the apologies are over. we gave you what you wanted and you implemented the whole replace stuff. we never said replace. we said repeal. stuart: i can tell your frustration. i heard that from every single guest on this program? >> it is true, we were marching stuart, for years. we gave them what they wanted us. they said if you give us the house. just give us the senate, give us a man in the white house we'll

get it done. stuart: liz, you posed this question in commercial break, what do you think is the soul of the republican party. >> it was free markets. stuart: yes. >> you're right, this shows battle over the soul of the republican party. on one hand more medicaid spending. more money thrown at insurers. that is not free market stuff. that is big government spending. on the other hand you should have tort reform. should true across state lines of selling insurance obamacare actually had. five states took up on it, broaden it, health savings accounts. stop medical malpractice. you didn't really see that. so what is the soul of the gop right now? ashley: they're trying to figure that out. stuart: retreat from its high perform principle and do pragmatic policy. you're a principled guy, lawrence. i know you are. you are addicted to principle. you're a good man. i'm telling you got to come off that high horse.

you have to play politics. you have to be practicing mastic -- pragmatic. get something done. >> i'm totally with you on it. stuart: no, sir, you're not. >> let me tell you what ticks me off. they had a bill when president obama was there, this is the politics i don't like. they had two bills they passed three times with complete repeal. common sense would say, how about just do it right now? you have a president that will sign it. why won't you do the same bill? they're playing politics. stuart: because you didn't have the votes. the votes are not in the house or or in the senate for the flat-out repeal. they're not there. liz: republicans won three elections on what lawrence is saying. how many times was obamacare tweaked after the fact? how many times was obamacare fiddled after the fact? how many people got waivers and exemptions from obamacare. i don't see why republicans could have taken that playbook gotten something done. >> exactly. stuart: here is my question, with all this turmoil and with

those doubts about tax reform going forward, and there are doubts, why is the doj still at 21,575? only down because in middle of this mess? ashley: i don't think the market is hardly surprised whatç has been going on. it has been going on for months and months. >> intangibles are important, what donald trump has done it, you won't know it from most new york newsrooms and most journalists in washington, what he has done unleashed optimism and belief and contagious. >> it only lasts so long. once the american people will feel stuff. they will be ticked off and not show up to vote. they may not vote for a democrat. they won't show up. >> people believe in growth again. they have seen deregulation. we have had wins. let's not get too negative. border largely uncontrol already which is amazing. gorsuch on the supreme court. there have been some serious wins. once we get tax cuts i think a lot of this becomes noise. stuart: once we got tax cuts

done, voice of authority and optimism. hold on. this is a very interesting subject. very much germane to health care debate. former vice president joe biden, writing a column in the "washington post" on health care. here is a quote. let's again make the commitment that in america health care is a right for all, not a privilege for the wealthy. you see where we're going with this, lawrence? you see where we're going? straight down the european road, socialized medicine, europe here we come. >> it's a smart strategy on the left's part though. stuart: absolutely. >> this is what they did with obamacare. they changed the argument that requirement, it is your right to have health care. now when you have the republicans trying to be pragmatic and get reform, they can't really do it because now you have the cbo reaching out scores saying essentially

america will lose their health care. stuart: you can't take something away. once the government provided a benefit of whatever, you can't take it away. liz: watch what the democrats play into the midterm with lawrence's point. elizabeth warren and bernie sanders talking about medicare for all. 3.2 trillion a year. 32,000,000,000,010 years. that is what they will campaign on going midterm. stuart: it's a form of singlepayer they want to expand. >> those two figures liz pointed out correctly they have the pulse of the democratic party right now. they are the leaders of the resistance. i would not underestimate these guys. i know a lot of republicans want to celebrate. we have donald trump n we got border. stuff with business. but what matters is what the american people feel at home. if they don't get tax reform. if they don't feel like their health care is changed, they

won't go and vote. that is what matters. the people that show up. stuart: he is right. one more for you. listen to this. there is a new poll, shows more than half of americans think the democrat party stands for nothing but opposing president trump. that's what that poll says. >> that's true. stuart: that is view of the democratic party but they are going to win. >> we're not getting results we need. there are victories when it comes to the border, supreme court, but how does that affect the average day american day-to-day? we're talking about people that are broke. i told you about this last week. a guy was calling into the radio show crying because he has to get two jobs he is still not making enough money to provide for his family and health care. that is what they care about, republicans not addressed concerns of those people. stuart: and democrats will not. >> the democrats are not in control. we have control of the entire

government right now. why aren't we getting it done? that is what they care about. stuart: we'll take a break very briefly from the debate. not taking a commercial break. no, no, we'll talk to you about money. look the at netflix please, if you got that stock. netflix is a star performer. it is up 10%, 1dollars rise. 177. why is it going up so much? ash, one number, five million new subscribers. ashley: 5.2 million new subscribers for netflix. what is really interesting that 4.1 of those are overseas in international markets. they only started going overseas in canada in 2010. they have massively expanded around the world, that said they're still losing money on international operations. not as much as wall street thought. but they are still losing money. liz was talking about they're burning through money. they have a massive amount of debt on their balance sheet.

these numbers are better than expected. stuart: i told a lie. liz: what? stuart: we are taking a commercial break. we have to make money and pay the bills. ashley: capitalism. stuart: stay there please. this is how they do it. stay there please. don't touch that dial. don't change the channel. ladies and gentlemen, have we got a blockbuster for you coming up. please. while we take a break and make some money.

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stuart: on fox news channel, peter doocy -- you're looking at podium right there. national retail federation, moments from now, vice president pence will stride to the microphone and will address the national retail federation. we hope, we believe he will start talking about health care reform. when he does we'll take you

there. you can hear what the vice president has to say. moon while, on the fox news channel peter doocy has gotten ahold of a couple of republican senators in the hallways of congress and asked them about last night's health care failure. he got ahold of senator bill cassidy, who says we're still playing through repeal. what that moons i have no idea whatsoever. playing through repeal, meaningless, utterly meaningless. he got hold of senator round, republican from south dakota who honestly says looks, this makes repeal very difficult. that is hurting the country. so there is confusion in republican ranks. indeed they are fighting each other, bearing in mind that last night, the repeal bill failed. the plan now is to submit a flat-out, simple repeal bill soon. pass it. and then not put that repeal into effect for two more years!

in other words, virtually no matter what happens we're stuck with obamacare and a collapsing system. what does that mean to you? let's bring in dr. mark segal on this health care reform failure. let me spell this out again for the benefit of the viewers. we're stuck with obamacare no matter what for a couple of years and it is collapsing. if i am a person who is getting obamacare coverage, what happens to me? >> it is getting worse and worse, stuart. first of all, the big picture, 47 counties in the united states by 2018 will have no insurer to choose from. 1200 counties you will have one. that is called a monopoly. the price, premium you have to pay is exorbitant. the subsidy federal government giving a lot. deductibles are higher and higher. here is what that means in the doctor's office. you walk in to see me. i say you need a thyroid scan. i haven't met my deductible, i

can't afford to pay for it. that is puts doctor in terrible position he wants somebody to get care he can't get. i look for specialist, no endocrinologist taking obamacare. narrow networks. doctors are bailing out. they are running away from it. hospitals are running away from it. stuart: doesn't this shove everybody into medicaid be? i'm poor, i can't afford it. isn't that what it does? >> certainly does do that up to 138% of poverty line in expansion states. you know what that does? your favorite word. job killer. you have medicaid, you know how many patients say i can't give up medicaid, i can't take the job because i lose my medicaid? stuart: be hon of the here. if i make more, i'm not qualifying for medicaid, i've got obamacare coverage, i am literally up the creek. i don't have coverage. there is nothing i can do, is there? >> absolutely not. absolutely not. there is a big doughnut hole there. stuart: a million, i don't know how many of people, hundreds of

thousands of people are left high and dry, right? >> hundreds of thousands of people are left high and dry. only place to go to free clinics feds provide which cost a lot of money. if a patient has medicaid by the way, doesn't mean they can find a doctor who takes it. doesn't mean they can provide a provider to provide test they want. they have a great entitlement with medicaid, but doesn't always give them care they need. that is what i said from beginning. same thing is true with obamacare. you could be met high and dry with deductible you haven't met, a premium you can't afford and a "dr. no" longer taking your insurance. stuart: i say this is flat-out irresponsible. you say? >> i say the whole discussion is centered on issue of health insurance. it should center on issue of health care. how do you get taken care of? where are the doctors to take care of you? where are the treatments? as you and i talk on the show show a long time. high-tech medical solutions coming down the pike.

insurance will not cover those. obamacare will definitely not cover those. you end up with treatment, terrible insurance you have won't cover even as it charges you a premium you can't afford. that is the future for the next two years. stuart: it is outrageous. >> they should have made a deal. i love this all along. i love the cruz amendment. there would be more catastrophic amendment. i wish they made a deal on medicaid. that might have brought moderates in. stuart: i wish, i wish. dr. segal, thank you on very poignant day. we're waiting for vice president mike pence. he is addressing the national retail federation. when he does we expect him to talk about the failure of obamacare repeal last night. we'll bring him to you momentarily. we'll be back.

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,

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stuart: moments from now we're

going to hear from vice president mike pence on the left-hand side of your screen. we hope he is going to address health care. we'll bring him to you when he does address that subject. meanwhile, we've been hearing from various republican senators. this is in the aftermath of the failure of the reform bill, obamacare reform bill last night. it's dead. it is not going anywhere at this point. three republican senators have said essentially they're not convinced that a next bill which is a straightforward simple repeal would pass. in other words, we have a state of absolute confusion as to where on earth the republican party is going on health care. bottom line, obamacare is with us. obamacare lives. we've still got to pay for it. it is still around our necks and it is not going away for a long, long time. that's the bottom line. joining us now, congressman lee

sellen. thank you to the show. i have will not continue my exasperation with the republican party. i will ask you this question, on obamacare you failed, how about tax cuts, are we going to get them? >> first off failure is not an option as relates to this effort to repeal the aca. stuart: you failed. >> senator mcconnell and senate republicans could go back to the debate -- in 2015 we put a bill that passed house and senate. it was a repeal bill on president obama's desk and he vetoed it. if they can take that draft -- stuart: sorry to interrupt you, congressman. you know the story here. let's suppose there is a repeal bill before the senate. yes it passes and house passes it. okay, you have repealed it, but you don't actually put that repeal into effect for two more years. in other words you have not won on obamacare. you have failed because it is still around our neck. >> yeah. so i mean, so the house passed

our version. the senate is trying to figure out how to get to 51 votes in their chamber. i can't stand here today and predict exactly what their bill looks like that gets to 51. i defer to our senate republicans to be able to answer that question. all i would say though, failure is just not an option. even if the bill that they just announced they don't have votes to pass, they can't get that done, they need to come up with something that can get done. they're working hard at it without any help from democrats. stuart: i'm pushing hard on this. let me go to the original question he. a few smiles, why not? get back to the original he question. tax reform, are you going to do it? i know you're going to say, politicians would say we need to do this, we must do this, we should do this are you going to do it? >> yes. and we need to. we must, the economy needs it. we have american businesses --

there are bernie sanders democrats, there are conservative republicans in this country, all upset when we see american jobs, liquidity, american companies moving overseas. we have to ask ourselves why are those jobs leaving in the first place? why is gdp not higher? we need to have a more competitive tax code. charles: i'm sorry sir, i have to come back to it, if you're totally split on obamacare which is bedrock principle of the republican party, fix it, get it done. if you're split on that, why should we believe that you are united on tax cuts? >> well i mean first off, again i point out on the house side we're almost unanimous when we passed health care repeal bill a few months ago. on taxes, i again have high confidence that on the house side we can get a majority of votes. we actually had a few special elections take place. republicans filled all those vacant seats that were vacant when we passed the health care bill. i believe that we can pass tax

reform to make our tax code in this country more competitive, to be able to increase gdp, to help make the economy rip in 2018. over on the senate side it's a little bit more complicated on all of these eschews. some of what we want to get done they require 60 votes. some of what we want to get done only requires 51. regardless they have to work their legislative will and magic. in many case, most cases without any help at all. so republicans, they say we have to get to a majority in the senate with budget being sill ages. the actually we need to get unanimity, when you don't have any democrats at all helping with the process. i don't see them eager to participate in tax reform. stuart: i think that is pretty difficult road to hoe, sir. i think you agree with me. >> we'll keep trying. stuart: congressman zeldin, thank you very much for being with us. i want to regroup, say what we

have coming up for you. we're told in 90 seconds vice the president pence will take to the podium at the national retail federation and his comments will include comments about health care reform. as you may no by now the senate reform bill failed in the senate. it was withdrawn. health care reform in the senate is dead at this point. mitch mcconnell said to resubmit a repeal bill. if they pass it, it won't take effect for two years. bottom line we have obamacare for a long time to come. strangely in my opinion the stock market has not reacted to this particularly negatively. we're down 70 odd points at this moment but we're still at 21,555. hanging over investors is the question, are we going to get tax cuts? if you can't agree on health care reform, how can you agree on tax cuts, which is surely bedrock republican policy.

it is he bedrock to the president's growth agenda. lawrence jones is with me. he will take up a few seconds before we get to vice president pence. i'm exasperated and so most of our guests. ashley: yeah and audience. stuart: and audience. >> i don't want to scare away from elected officials coming on the show, what you saw in tv will see in 2018. the pure scrambling and blaming democrats. democrats won't help us. why would they? they don't believe in what we believe. why can't you get your party in order? then the house blames the senate. the senate blames the house. and then for him to come on national tv to talk about, well we really did it on the house side. no. you guys barely got it passed. two more votes and that bill would have died in the house too. not like you twice are unified. stuart: lawrence, ideal guest for this program. expressing exasperation i feel. vice president pence taken to the podium.

we'll listen. >> very warm welcome to our nation's capitol. welcome to washington, d.c. it is an honor to be here today with so many great american success stories, cornerstones of american communities large and small. the members of the national retail federation here at the 83rd annual retail advocates summit. great to see you all. [applause] and i bring greetings this morning from a friend of mine who is a businessman and knows a little bit about retail. who has been fighting every single day to unleash a new era of american opportunity and prosperity. i bring greetings from the 45th president of the united states of america, president donald trump. [applause] from the very first day of this administration president trump has been fighting to restore jobs and opportunity and

prosperity all across this country. this president has seened more laws cutting through federal red tape than any president in american history, and it is already saved businesses and families up to $18 billion in red tape costs every year. in fact the president early in our administration ordered every agency in washington, d.c., to find two regulations to get rid of before issuing any new federal regulations on american businesses large and small. [applause] with the support of our new secretary of labor, secretary alex acosta, president trump is striking the right balance in labor relations, appointing two highly-qualified experts to the national labor relations board. at we speak our administration is rolling back the joint employer rule. [applause] in case you didn't notice, the american people elected a builder to be president of the united states and president

trump has already started to rebuild america. and we won't stop until we have the best roads,s about bridges, best airports, best harbors and best future that we've ever had. plants are underway at the administration for historic infrastructure bill and it is going to support a growing economy all across america. in fact this week, it is made in america book for our administration, and president's been fighting for american job creators and manufacturers and american farmers every single day, so your businesses american businesses can sell more american goods than ever before. and i'm here to report to you, since day one of this administration president trump has been fighting tirelessly to repeal and replace obamacare. [applause] every day obamacare survives is another day the american economy

and american families struggle. we all remember the broken promises that made it possible for obamacare to get passed. you remember them? they said if you like your doctor you can keep him. not true. they said if you like your health insurance, you could keep it. not true. we were told health insurance costs would go down. that one want true either. our administration has actually shown the average premium on the individual market has more than doubled since obamacare went into effect less than four years ago, in some states it has more than tripled. when obamacare was passed we were promised families would save $2500 in premiums a year but the average obamacare plan costs $3,000 more than a plan did in 2013. while premiums are soaring, choices are plummeting. next year nearly 40% of america's counties, including nine entire states will have only one choice of a health insurance provider, meaning they bill have essentially no choice at all.

even worse, dozens of counties will have no health insurance providers whatsoever on the obamacare exchange in 2018. men and women behind these statistics are real people, facing a real crisis. behind every number is a name, and behind every name is a story. i have heard them as i traveled across this country on our president's behalf. i heard first-hand from job creators, just like all of you in this room, working families about the burden that obamacare has placed upon them. the burden of higher costs, fewer choices and worse case for the most vulnerable. obamacare has failed. and obamacare must go. [applause] president trump and i are greatful for efforts of senate majority leader mitch mcconnell, and vast majority of republicans that worked so hard in the house and

senate to keep their promise to repeal and replace obama care. as the president said just earlier today, most republicans were loyal, terrific, worked really hard. there are no truer words but last night we learned that the senate still doesn't have consensus on a bill to repeal and replace obamacare at the same time. president trump and i fully support the majority leader's decision to move forward with a bill that just repeals obamacare, and gives congress time as the president said, to work on a new health care plan that will start with a clean slate. you know the senate actually passed the very same bill in 2015 and sent it to president obama's desk and they should do it again. but to be clear, the senate should vote to repeal now and replace later or return to the legislation carefully crafted in house and senate, but either way, inaction is not an option. congress needs to step up.

congress needs to do their job, and congress needs to do their job now! [applause] as the president said with his inexhaustible optimism and determination, stay tuned. we will return. we will rescue the american people from the disasterous consequences of obamacare, and restore a health care system based on personal responsiblity, free market competition and state-based reform. that is the american way to meet the health care needs of the american people in the 21st century. we're not going to stop fighting until we get it done! [applause] i'm here today on the president's behalf to say thank you. thanks to the national retail federation for all members what you do for america every single day. it is amazing to think for 106 years --

stuart: couple points to be made as vice president pence was addressing the issue of health care reform. number one, the applause that he received from the crowd was tepid at best. when i introduced president trump, didn't introduce him, when he mentioned president trump right at the start, that was a golf clap. that was not raucous applause and support for the president. point number two, as soon as he started talking about the problems of obamacare, and how we have got to get rid of it but we haven't so far, the market took a nosedive. we were down, about 70, 80 points when he started to speak. we're now down 150. that is a plunge. lawrence jones, the whole team has been sitting with me watching this. first impressions, lawrence. >> all this what we're going to do. we're going to do this. how about what you did? they don't even need to give anymore speeches. no more panels.

no more going on the road, until you guys have something to bring to the american people say you did this -- stuart: well-said. >> stop the speeches. they have got to stop. stuart: the vice president said we should be grateful to republican senators for their hard work. ashley: really? >> we pay them six figures and give them free health care. stuart: mr. vice president, you just failed, that the republican senate failed last night. liz: reiterating what we already know. speaking to the retail crowd that gets hit hard by health insurance charges. then the majority of the u.s. economy is consumer spending? morgan stanley cleave's -- chief equity strategist said this congress needs to step up now. animal spirits are need to keep the stock market and economy growing meaning tax cuts. morgan stanley chief equity strategist mike wilson said tax legislation is most important political issue for the stock

market later in the year. ashley: what the vice president said could have been taken from the campaign speech last october. same thing. no result. we know it is collapsing. we know it has to be repealed. let's do it. stuart: let's back up just a little here. last night obamacare repeal went down to defeat in the senate. they pulled it away. it is not going to happen. this morning several republican senators have been talked to by fox news, confusion all around. they don't know what is next. the plan is mitch mcconnell will introduce a repeal bill. they will vote on it. even if they vote yes, it is repealed, good-bye obamacare, it stays for two years while they work out an alternative. ashley: right. stuart: then we have vice president pence, who is still speaking by the way, to the national retail federation, he got, i would say tepid applause at best, when he was promising that we will return, we will fix obamacare. he waited for the applause.

it really wasn't there. it was almost an embarrassing lull. ashley: cringe-worthy. >> there is a reason why that's happening. because pence was supposed to lead the charge on capitol hill! he is the one who had all the experience on capitol hill, being former congressman and in the senate. he had all the connections, and donald trump put him in charge of the efforts on capitol hill. now these people, which they had confidence in him, we knew what we were getting from donald trump. donald trump is not policy guy. face of it, businessman. he let pence go to capitol hill. you have the market responding to that because they had faith in pence. stuart: they had faith in the trump agenda. euphoria. animal spirits. business and consumer optimism up. and ash made the point the baton has been handed to the corporate sector. corporations -- market is grinding higher on corporate earnings. ashley: yes. liz: the baton passed to

congress, get the tax cut done. we have 3 trillion lifted in equity values since the president was elected. that is on euphoria and alation legislative agenda would be passed. now it is stalled. all indices dipped into the red. stuart: they have. we'll take you shortly back to senate floor where minority leader charles schumer. he is no doubt jubilant because obamacare repeal has failed. i don't know what he will say, maybe he is offering help on improving obamacare. maybe, i don't know. you will hear from him when we hear from him. you will see him on the senate floor. meanwhile the market has come back a little. not much at all. we're down 140 points. we were down close to 160. couple points need to be made here. it is not an across the board stock market selloff. far from it. we still have netflix performing very, very well. that stock is up nicely.

i should point out, that amazon is moving higher again of the it is now at $1012 a share. facebook up again. what have we got there. we have netflix. we have amazon. up two bucks but up in a very much down market, 1013 on amazon. i'm looking at facebook i think at 160.92. very close to all-time high. lizzie, what have you got? liz: mixed results on goldman sachs. revenue down. trading desks not doing well. stuart: look at big technology companies. you have across the board downside move for almost all sectors, exempt for the big-name technology companies. facebook, amazon, both higher. microsoft is holding at $73 a share. i own some of it. never expected it to see it at 73. alphabet google up three bucks in a down market. liz: i wish congress would get it. here is what is at stake. when you do tax cuts, not just

more money in people's pocket. you unlock m&a activity. you unlock capital spending. when the money takes more money out of the sector in the economy more government to do whatever. when you put it back there, all sorts activity happens. it is capital spending m&a spending. market is rich with the idea that the tax cuts would happen. they have already baked in. we were in triple digit market selloff mode. retail sector gets hit hard by health insurance costs. stuart: let me update you on one item here. republican senator, susan collins was one of the holdouts, she would say she would not vote for the repeal motion would be that was pulled last night. she was no vote. she was saying if you go with flat-out repeal, as mitch mcconnell wants to, you will simply end up with turmoil. in other words, you do not

necessarily have the votes for a straightforward repeal of obamacare bill. you don't have those, you don't have full support. ashley: -- mitch mcconnell leader of senate. stuart: now senator schumer is on the podium. let's hear him. >> republican health care bill lacks enough support to on a reach the floor of the u.s. senate. after numerous delays, false starts, false predictions and two pulled votes, it should be crystal clear to everyone on the other side of the aisle that the core of the bill is unworkable. it is time to move on. it is time to start over. rather than repeating the same failed partisan process yet again, republicans should work with democrats on a bill that lowers premiums, provides long-term stability to the markets and improves our health care system. i heard the republican leader this morning say that democrats quote, decided early on that they did not want to engage

seriously, unquote, on health care. in the same speech the republican leader also admitted that the very first thing the republican majority did this congress was to pass reconciliation so they could pass health care on a party-line vote, 50 needed, no democrats needed. early on the majority leader told them todays, we don't need you. we don't want you. respectfully i take issue with the idea democrats didn't want to engage on health care. the majority leader admitted that he decided the matter for us when he locked democrats out of the process at the outset. at the very beginning of this congress president trump and leader mcconnell said, don't come knocking at our door on health care. we don't need you. you now that their one-party

effort largely failed, we hope they will change their tune. it seems like many republicans are ready for a truly bipartisan effort on health care indeed. my friend senator mccain has urged quite strongly saying, quote, the congress must now return to regular order, hold hearings, and receive input from members of both parties. and he said that while recuperating in arizona. so that is how strongly he feels about it. other republican senators made similar comments, but the republican leaders still plan to ignore their advice, plans on holding a proxy vote on a straight repeal of our health care law first. make no mistake about it, passing repeal without a replacement would be a disaster. our health care system would

implode. millions would lose coverage. coverage for millions more would be diminished. our health care system would be in such a deep hole, that repair would be nearly impossible. in passing in fact, passing a repeal and having it go into effect two years later is in many ways worse than the republican health care bill that was just rejected by my republican colleagues. it is like if our health care system was a patient who came in and needed some medicine. the republicans propose surgery. the operation was a failure. now republicans are proposing a second surgery that will surely kill the patient. medicine is needed, bipartisan medicine. not a second surgery. we urge our republican colleagues to change their tune.

passing repeal now is not a door to bipartisan solutions, as the majority leader suggested this morning. rather it is a disaster. the door to bipartisanship is is open right now, not with repeal, but with an effort to improve the existing system. the door is open right now. republican leadership only needs to walk through it. as many republican members are urging. the door is to accept the progress we've made in our health care system, and work to improve it. the affordable care act isn't perfect but repealing all of the good things about the law will he create such chaos that there will hardly be anything left to repair. republicans don't need to wreak havoc on our health care system first in order to get democrats to the table.

we're ready to sit down right now, if republicans abandon cuts to medicaid, abandon huge tax breaks for the wealthy, and agree to go you there the regular order, through the committees, with hearings, on to the floor, with time for amendments. that is how we perfect legislation here. that is how it has been done for 200 years. almost in thably, when you try to draft something behind closed doors, and not vet it with the public, it becomes a failure in this case, a disaster. so, again, our republican colleagues don't need to wreak havoc on our health care system first in order to get democrats to the table. we're ready to sit down right now. stuart: leader of the democrats

in the senate, senator charles schumer. he started out by saying the core of the republican reform bill was unworkable. he wants to start over. he says, they want to work with the republicans to lower premiums and improve health care. now, during this debacle, that is the withdrawal of the health care reform bill by the senate we got frankly chaos and confusion. virtually nobody knows what will happen next. the plan is that mitch mcconnell will introduce a bill in the senate for the flat-out, straightforward repeal of obamacare, just like in 2015. repeal it, that's it. if there is a yes vote on that, you won't actually impose a new system for another two years. that is what we've got. anything to add on this, ash? ashley: looking at health care sector. united health down .7. they're getting hit because

there is no overhaul of a system really hurt them on the balance sheet. also if you take goldman united health, 50 points in the dow, if they weren't involved you would be back where we were before. stuart: insurance companies don't look like they will get big infusion of government money that democrats will give them. liz: first time couple months ago, majority of the house democrats want medicare for all, want single-payer. more senate democrats are signing up to bernie sanders, liz for universal health care coverage, medicare for all. we have not seen that in history of the country, that is the democrats answer to so-called trumpcare is even more government. their thinking is obamacare did not have enough government spending.

stuart: health insurers because of uncertainty about whether they get a cash inclusion or not, united health, all of them on the downside by more than 1% or 2% for all of them. the overall market has come back a little bit. as mike pence was speaking, getting only tepid applied from the national retail federation, the market tanked, it went down 160 points at one stage commonalities down 109. the big-name technology companies amazon, up, facebook, up. microsoft down only a fraction, apple only down a fraction. there is overall a selloff in stocks, big-name technology companies still right up there where were they were. we will be right back. stuart: snatching defeat from the jaws of victory.

how true for the republican party. here is how the defeat unfolded last night. the president said down to dinner with a group of republican senators. he pushed hard, get something done on health care. two more senators would vote no. on that point, republican health plan was dead. the republicans were close to victory and threw it all away. now what? mitch mcconnell will prevent a simple obamacare repeal bill within days at work on a replacement. no guarantee will guarantee the repeal bill will pass. the democrats will now join the replacement debate, did anyone seriously believe they would help dismantle what they created? this is not a good day for republicans. voters gave up control of the house, senate, white house, majority of governorships, and they have failed to fix any part of the mess from obamacare,

today it is a disappointment is an understatement. the word betrayal is more apt. they promised the world, we got nothing. you cannot portray your cell that is the party capable of government, the gop has failed and we the people with our stock on the collapsing system crippling immune increases and the prospect of obamacare, government care forever. next stop, tax cuts. republicans, give us what you promised, give us something, a little something is better than a whole lot of nothing. the third hour of "varney and company" is about to begin. ♪

>> tell me why. we are down 104 points, they are in the red. >> in action is not an option. congress needs to step up, congress needs to do their job and congress needs to do their job now. stuart: that is what i call tepid applause. a golf clap by any other name. senator john barrasso from wyoming. do you have the votes as of now for a flat out repeal obamacare?

>> >> i'm ready to vote for it again, the vice president calls for that at the policy lunch in the next hour visiting with republican senators, obamacare see relief. stuart: even if you pass repeal and it goes -- even if you pass it, the repeal is not going to take affect for a long time as you work out an alternative. we are stuck with obamacare. >> we passed in 2015, and barack obama vetoed, provided a two your transition, don't want to pull the rug out from anyone but want to provide relief for the american people, finding themselves cut with higher co-pays. and the last votes got rid of

the mandate, the regulation, was a giant step forward which is why i supported it. stuart: if you can't get an agreement on obamacare, you are a divided party. what chance of tax reform? >> it is even more critical that we do tax reform, lower the rates, make it simpler, that is what the american people are expecting, along with the obamacare changes we promised. and it is more imperative we accomplish that. >> why should republican voters have faith that you can do it when you couldn't with obamacare? >> i'm not giving up on obamacare, we need to repeal and replace the obama health care law which raised cost for so many americans which i heard about this past weekend in wyoming. >> is this a shock to the

system? the failure and confusion we have now, and the republican party has a real problem. is that sufficient impetus to get it done? >> >> i was ready to vote for the proposals that we had that eliminated the taxes and mandates, and and others are as well. >> there was some applause in the background, one of the chambers, applauding a big speech of some sort, we ran the audio through their. do not be put off. thank you for joining us. our next guest has been saying since the beginning that health reform should come, before tax

reform is a bad idea. peter kiernan, is back with us this morning. kudos to you. are we going to get tax reform? >> there is no joy in being right on this one. what republicans failed to learn is it is a team sport. team sports show clearly that it is. tax reform is important. >> after the failure of the reform effort last night, the dollar plunged, it is now a 16 month low. i think that is because investors do not believe we will get tax reform to juice the

economy. what do you say? >> the stock market values companies and the dollar values presidents. what it is saying is the economy is not going to the point where the fed can boost interest rates. you are not performing organizationally like you get healthcare. you are not performing in a way that gives us any confidence on major tax reform. that is what the dollars say loud and clear. stuart: 16 month lower. it went straight up before the election on the hope that donald trump -- the dollar goes up some more and -- >> what they are saying is gentlemen and ladies of the republican party, now is the time to confront your self as a group and decide are we going to get anything accomplished? telling you something just to say it, repealing obamacare as

we did two years ago, declaring victory and going home on your summer break is a beltway victory. outside that unrealistic bubble called washington, no one else sees that is a victory because they know it is not real. stuart: i want a judgment. in your judgment, are we going to get tax cuts of any kind? are we going to get anything? >> tax reform is unlikely, tax relief is a probability. you don't need to be heroic. from 35 to 15%. stuart: talking corporate tax. >> go to 25%. i met a bunch of boards, tell me another way i could get a 10% improvement in my margins just like that? every company in america is paying its taxes will benefit. you don't need to be heroic but the republican compromise, get something done. stuart: if i were to guess, i would say the one form of tax reform we will get is a cut in

the corporate tax rate. basically painless for a lot of people. >> we are getting carried away. forget the 1%. do something for the middle class. they are paying the most bills, paying the most taxes aside from that one present group who should probably pay plenty but give the middle-class a way out financially. stuart: you are with us for the hour and we value your services, thank you. do you remember when bill clinton said this? >> all-americans, not only in the state's most of the affected but for every place in this country are rightly disturbed by the large numbers of illegal aliens entering our country. the jobs they hold might otherwise be held by citizens or legal immigrants, the public service they use impose burdens on our tax base. that is why our administration has moved aggressively to secure our borders more, hiring a record number of new border guards, deporting twice as many criminal aliens as ever before, by cracking down on illegal

hiring, by barring welfare benefits to illegal aliens. stuart: that was 1995, president clinton at the state of the union address sounding very much like donald trump. now with the failure of health reform, some say immigration may be donald trump's biggest victory this year. more on that in a moment. ♪ (microphone feedback) 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, neither will we. optum. how well gets done.

>> four month ago snap went public at $17 a share it quickly move to near 30. all-time low, back to the dentist below $15 per share on snapper. next guest says republican

senators who said no to obamacare repeal hurt themselves, their party and their country. the executive director and fox news contributor, that is what you said and you are right. >> this is a complete disaster starting with the individuals who have emerged as the ones who have blocked obamacare from being a place that is repealed. that is a price to pay, a price to pay for them. republicans, not democrats who say he voted to keep medicaid at high spending levels. a lot of them will abandon them. the 2018 election will be a disaster with republicans standing a good chance of losing the house and maybe the senate as well. stuart: could they turn this

around by meaningful tax cuts? >> i think tax cuts are a good idea, they cut the corporate tax, perhaps -- on stuff they spent to do that. and and one thing is more important than anything else. and the worst piece of legislation, to do that. stuart: does donald trump have any blame assigned to him on this debacle? >> not really.

he wasn't involved in putting together these pieces of legislation. to be blamed at all it is for sins of omission because he didn't have a role. i don't think he knew enough about these bills to talk about them favorably, and try to push assemblies his role was minimal. stuart: the immigration situation mister trump's biggest win? after all the number of people coming across the border is significantly lower, apprehensions at the border cut more than half, is that his big win thus far into the presidency? >> i would say so far it is but it can be made bigger if you have immigration reform that passes, the president has won the argument on immigration, the public is with him. they want fewer immigrants coming and, certainly illegal ones but legal ones, a lot of them one day while bills but

mainly everybody wants a secure border and the president has done a lot in that regard. he won that argument and what margaret thatcher said, first you win the argument, then you win the votes. stuart: i remember it well. stuart: my favorite quote is with trump socialism sooner or later you run out of other people's money. thanks for joining us. i am trying to say where is the success in the president's program must far? seems to me immigration is a success. >> let's look for relief, stock has hit bottom because we believe healthcare reform. let's look for the way out of this. immigration reform has stymied every president since reagan. we are making progress we have never seen. the wall is doa but some of the

things we are doing will improve a broken system. let's bring some intelligence and thought to a system that needs it. there is a chance, slim, of bipartisan health on that. stuart: looking for silverlining, we may have found in immigration and visas. >> when markets have gone south, looking for opportunity there are opportunities here on immigration, tax reform, we can work our way out of this. stuart: we were talking about the us dollar which has taken a slide to a 10 month low at this point. we believe that is a referendum on the failure of healthcare reform and the unlikelihood of tax cuts later. there is another element contributing to the market's declined, consumer confidence. liz: a 9-month low, consumer sentiment at the october level before donald trump was elected, what is dragging on that?

they outlook on personal finances especially below or two third income tax, worried about personal finance. stuart: the growth agenda just evaporated. the stock price of amazon please, it could spike to $1600, that is what ubs says, they will get there within 12 months. it is up 6 bucks at 1016 as we speak. how about nasa, releasing stunning new footage of pluto's surface. you thought we changed the subject. something on the bright side, you never know what you're going to get on "varney and company," like opening a box of chocolates. who said that? forrest gump. we will be back in a moment. ♪ hold my hand ♪ in other words

♪ kiss me ♪ fill my heart with song ♪ and let me -- you always pay

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woman is the name of the song, from his final album double fantasy. mark chapman has a copy of the album signed 5 hours before he shot john lennon. $1.5 million. mountain ranges, craters, 80 caverns on the planet's surface, it is not a planet, it is a dwarf planet. it was downgraded in august of 2006. the video was taken during nasa's new horizons mission, marking the two year anniversary of the mission's pluto flyby. that is pretty good video. update on the auction for neil armstrong's base gear, you can get it on ebay, they have 170 the items a per option including

space bag and spacesuit, kicks off thursday, the 48th anniversary of the landing of apollo 11. collectively these items are estimated to be worth $5.3 million. now this. a diamond the size of a tennis ball, too big to sell. that is 1109 carats estimated to be 3 billion years old. they tried to auction it off last summer but the bidding stalled at $61 million short of the $71 million reserve price. it will have to be cut down to find a buyer. listen to this. 40% of homeowners experience buyers remorse. we will tell you what the biggest regret is. we've all felt buyers remorse about the price more than anything else. the battle on healthcare, republicans getting most of the blame but what about donald trump? we will be joined by the deputy director of the trump campaign, stay there please. ♪

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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: the government of venezuela has responded to the trump administration's thread of

economic sanctions. this is a tweet from reuters that cites the venezuelan government, venezuela condemns brutal imperial threat by donald trump against the government. what sanctions did we threaten them with? >> economic sanctions on the oil sector having venezuela arrive, practically the entire economy pays the basis, going after the oil sector, the third-largest supplier to the us. it is classic dictator scapegoating, what cuba does, blaine the us for all its problems when they have suppressed all sorts of freedoms in that country. the collapse of socialism. stuart: famous last words.

check the big board, we were down 150, almost 160 points, it is down 95 points, plenty of red on the left-hand side of the screen and the problem is still do we get tax cuts in light of healthcare failure? that is the question. the market suggesting that they might be up in the air guest deputy director of the trump campaign, david bossy. should donald trump get the blame for this failure on health reform? >> i think he has done his level best to work with congress to try to get healthcare through. he has not been a leader on it because for seven years republicans in congress have been quite frankly running every cycle on repeal and replace obamacare and let's talk about obamacare. >> republican party, a harsh opinion from me, are in disgrace

this morning. they have betrayed all of those people who voted for the republican party thinking they would get a growth agenda, repeal of obamacare and get tax cuts, we got none of the above. >> you are not wrong. congress -- they tried to make the obamacare, and made everyone unhappy. the making of the sausage was very ugly, and doing it all over again. not because it is too conservative but actual repeal bill, we need to repeal it and go ahead with replacing it down the road. stuart: the position of mitch mcconnell in danger or paul ryan in danger leading the republican senate and the house?

>> i don't know if they are in danger. there leadership is in question. i think their strategy is in question. we as americans need to hold them up to the standards of running on campaign promises and delivering. what are we going to be doing about tax reform next? are we going to get -- repeal obamacare done? that is what they were sent here to do and why they have huge majority in the house, why we have a majority in the senate, get is accomplished for the american people. stuart: this failure on obamacare and exasperation we are picking up from republican left, right and center, surely gives real impetus for the republicans in the senate to do tax reform. if they fail at this, say goodbye to the republican party

next year. >> we need tax reform. the american people deserve tax reform, not just tax cuts but tax reform. stuart: sorry to interrupt, handicap it, what is the chance now of tax reform? >> i think it is excellent. i hope we get this done this fall but they have been working on tax reform, the white house and the house and senate have been working on tax reform over the last several months. not just waiting for obamacare repeal and replace to be done to start the process, they are underway and i feel good about and optimistic about it. stuart: i think it will be a slimmed-down version of tax cuts, not tax reform, it will be slimmed down and limited to lowering the corporate tax rate so you get the money from overseas coming back and it is painless, it comes down to that, what say you? >> if that is the worst we do,

that is unfortunately a benchmark we can live with but not what we want. we want personal and corporate tax reform, not just cuts. simplification of the tax code, business taxes, we need to have a reform package that the american people can say they finally understand our pain and are going to stop wasting our money and leaving it in the pockets of the american people so they can educate their children, afford their healthcare and afford their retirement. that is what we need -- what we campaigned on and what donald trump won on. stuart: please refer our exasperation to all those republicans. thanks for ending with a smile on a difficult day. obliged to you. a new study shows 44% of homeowners experience some kind of buyers remorse. the top regret is not choosing a

bigger home. joining me is bob massy, host of the property man. what surprises me in this study is people get remorse because they didn't buy a bigger home. i thought was the trend toward smaller and smaller homes and we were happy with smaller and smaller homes, what is going on? >> we are happy with smaller homes because they are affordable and that is why people -- they recognize particularly young families there will be a growth crowd, have a family but because of the cost and the way the economy is, are people making enough money, they settle for something less, they are there for a year saying how my going to remodel? convert the garage, the attic, convert that into something. people get into the cost of remodeling, saying i wish i had bought an extra 500 or 1000 ft. but they couldn't afford it. that is where part of the remorse comes from. stuart: when you real estate

guys discuss the state of the market and where it is going and i know you do, that is what you do for a living, don't you get together and stay we really need tax cuts? really need to get the economy going, really need growth? we really need the trump growth agenda, i bet that is what you say. >> i said before i came on i would love to be in that discussion. the answer to that is certainly. one of the things ladies and gentlemen i represent want capital gains to be cut. you get capital gains down use the property moving, tax cuts where you get more write-offs going to fund money into small businesses and people grow, there's this philosophy out there by those on the left that it is just for the rich and they are going to keep it. that is not what history shows. people that are successful are able to get syntaxes they want

to grow their business, another salary for employee, another investment to buy, that will spark the economy but the way it is now i am not optimistic at all about what i see every day. stuart: is that the review in the real estate industry, what you represent to investors, the general view his disappointment at this point? >> here is the one thing, hang out with some nice people, one of the things we all say, regardless what you say about schumer and nancy pelosi you know where they stand, there is no gray area. what we are saying about those in the republican party as we believe, myself, they are the ones sabotaging donald trump, those people that are smiling are putting a knife in his back because deep down they don't like the guy because they know he is going to dress them down if he has to. it is just amazing and you heard it all over again. how many years they had to fix

these problems and we are seven, eight months into it, the business women i know are saying for god say, why can't we get this tax thing going? it will move the economy. it is sabotaged at its best, smiling at the same there his friend and that is my problem with the republicans. stuart: the property man summed it up very well. i watch the show this weekend, appreciate it. he expressed it well, exasperation, disappointment. >> thousand square feet, built in 1973, we have actually begun to think of ourselves in more expensive terms, we are buying a bigger. the markets, subprime auto, acting like bubble again, the housing market is holding its own, mortgage rates still pretty

low but mortgage lending is pretty restricted. i feel like we are slowly growing. what i'm missing in this conversation is we are not focused on the middle-class. if you want to unlock key, small business, pass-through, small farms to the extent they still exist in the country, giving those people a chance do most of the buying and wearing and they are the ones we want to help. consumer confidence, this will turn. stuart: you are right. exasperation and confusion. that is the mood of the day. got more for you. news on huber. the tipping system, they tested the feature, a preset amount, any amount they want, they make it easy for you.

former -- they introduced -- here he is, that is the judge, andrew napolitano, talking susan rice behind closed doors, back in a moment. i joined the army in july of '98. our 18 year old was in an accident. when i call usaa it was that voice asking me, "is your daughter ok?" that's where i felt relief. we're the rivera family, and we will be with usaa for life.

nicole: i am nicole pedallides taking a look at a winning series, game of thrones, the first episode of the new season, the seventh season premiere was sunday night and in fact matched the record, 50% gain year over year for game of thrones premiering with 16 million viewers, overall we have seen any nominations across the board, for example hbo and game of thrones. netflix, 91, amazon, 16, taking a look at a comparative charge between time warner and netflix, the better performer yesterday. we see a great after the bill report. right?

yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis

or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters. stuart: chipotle down 6%, new health concerns, closing a restaurant in sterling, virginia, reports of people getting sick, tabouli says narrow virus is suspected. expect to open again in that restaurant but look at that stock, down 6%. they never fully recovered from the e. coli outbreak of a couple years ago. ashley: anything associated with

chipotle is going to hurt. 13 people were sickened at this one particular chip only in virginia, expecting to get the results of what it was later in the week. this is not good news. stuart: it is a problem down 6%. vice president joe biden in a column in the washington post says healthcare is a right, not a privilege. his name is judge andrew napolitano. judge napolitano: in fairness to joe biden, he and his former boss barack obama succeeded in establishing the baseline for all this health-care legislation debate, obligation of the federal government to provide an insurance source for every person, assuming obligations are

political, and it is a moral claim, i have a right to develop my personality as i say fit, and say whatever i want free from government interference, not free from my colleagues or my biceps interference. these are natural human rights. healthcare is like an iphone or broccoli your gym membership. it is good that you purchase, not some moral claim against the government. stuart: we are moving more towards a position where you have a right to health care and housing and a job and food and sustenance. judge napolitano: can these rights be created because there is a consensus in society that the government will pay for them? does that make the right? they are still goods that are largess the government gives away. the problem is what the government starts giving the way

it can't politically survive stopping. stuart: getting into that european mindset where this -- all these goodies are your right as a human being. judge napolitano: that is where joe biden and barack obama and a lot of week need republicans with no fidelity to the constitution have permitted us to go. stuart: you think taxation is theft. [laughter] stuart: you are allowed to laugh out loud and break the eardrums of the audience. last one, quickly. susan rice testified behind closed doors about this unmasking. judge napolitano: i have ranted and raved why it shouldn't to be behind closed doors, democracy dies in darkness. she is not the only one

testifying, dennis mcdonagh, former president obama chief of staff and former un ambassador name now escaping me, samantha powers, what right do they have to be in the unmasking, one of them is a glorified office manager, the other is the chief diplomat, the un ambassador, she's not involved in surveillance and buying and national security. they are being called to testify the unmasking as well because congressional investigators have discovered their fingerprints on the unmasking. will we learn about it? know. we will only learn the democratic version when the democrats leak and the republican version when republicans leak because the government treats us like children, won't let us watch this interrogation ourselves so we can form our own conclusion. stuart: you said in the introduction to your rant we have the right to know. wears that in the constitution? do i have the right to know?

judge napolitano: not all right articulated in the constitution which is why we have the ninth amendment which protects those they didn't articulate. stuart: that was good. we will see you tomorrow. apple's new emojis include a mind blown emoji, a woman wearing a head scarf and a whole lot more. you might start seeing them later this year, possibly when ios 11 launches in the fall around the time they expect to release the iphone 8 apple stock below 150 on that. i want to show you this video again from a great guy, golf legend gary player if you haven't noticed him, he is 81 years old. i can't swim. we were supposed to talk to him

last hour, we couldn't fit him in because of the health care mess but he will be on the show tomorrow explaining the backflip in 81. he is at the british open commenting on that as well. we will be back, that a promise. it is our right to be back. ♪

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to help you keep rolling with confidence. go long™. ♪ change every day obamacare survives is another day the american economy and american family struggle. we remember the broken promises that made it possible for obamacare to get past. remember? they said if you like your doctor you could keep them. not true. they said if you like your health insurance you could keep it. not through. we were told health insurance costs would go down. that one wasn't true either. stuart: then he said we are going to repeal this thing. didn't get much applause. it was very tepid indeed. the vice president talking about healthcare reform last hour. peter, you were listening to what the vice president had to say. he did not carry the audience.

>> i wonder who wrote his speech, let your retailers where producing 17,000 jobs a month. this year they are losing 9000 jobs a month. time for the republican party to swallow their frustration and move on to the things that matter. tax cuts, helping the middle class, training, putting people back to work, that is where they should focus, that gets big applause. stuart: it would have gone big applause. >> apologetic about we were right on obamacare, it is over, can you focus, get away from what you screwed up. stuart: a couple headlines for disney fans first off, disney releasing illustrations of the new toy story land on the world orlando.t walt disney it will feature two main attractions was a roller coaster

called slinky dog theash and alien swirling sources. i like the teacup ride. epcot getting a makeover. the park is nothing as many visitors as animal kingdom, disney is making some updates adding more character brands. some of the new additions, roller coaster with guardians of the galaxy theme and another ride. okay. more varney after this. ♪ you want to say no ♪ ♪ (baby crying) (slow jazz music) ♪ fly me to the moon ♪ and let me play

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it is interesting, that that when you don't have a whole lot of room here, it just take as few peeling off like we had here before you just see the whole thing explode. >> take your point, neil. make the judgment that