paraphrase "the wall street journal" editorial today, if you fail on your commitment to voters repeal and replace then what are you? this would do untold damage to republican party. what's your slogan going to be? >> it is too hard. [laughter] >> that's the bottom line everybody here's stuart varney and company. >> you missed a good one. >> i know i did. the president inviting all republican senates for lunch at the white house todays. what will he say to them? what would you say to them? good morning everyone. after the gop's emic health care fail, prumple meets senators who could not keep an election promise. obamacare is still the law of the land thanks to the republicans. would he give them a dressing down and base would love that. i think he should pivot immediately to tax cuts that remains the most important part of his growth program. and it's another area where

republicans are divided. at stake the trump presidency and electoral future of the republican party if there's now a tax cut fail say good-bye to 3% growth and say hello to speaker, nancy pelosi. there's a lot at stake for investors too. trump rally based at least in part on the expectation of trump tax cuts welcome and tax growth agenda what happened to the rally if republicans fail again. this is crunch time, only the democrats will be happy if there's another republican fail. "varney & company" is about to begin. ♪ stuart: ibm will be a big drag on the dow industrial average there's a long-term negative trends ibm taking in less and

less money as years go by and watson in the ads not a wild success. more on that in just a moment. now look at amazon is and blue apron from rumor to reality in a matter of days. we heard rumors a few days ago, now amazon is advertising its rival meal prep service. no recovery for blue apron shares, am i right in my premise that they've gone are from speplation and -- >> blue apron and others by the way in this particular segment of the food industry going oh, listen amazon slogan is we do the prep, you be the chef. and those kids are already up and running on the website although yesterday they have one on there offering state dinner with parmesan fries it was unavailable whether it was sold out or not but already if you belong to the 14 dollar and 99 per month, the grocery delivery service these products

are up and running. can knock a company out -- market. >> went from literally it was rumor last friday was it? >> it killed blue apron now we understand and here we are advertising the product. it's on. >> let's get back to ibm less and less money coming in there. we're going to call them old tech versus new tech of the fabulous five that stock is down to 3% from market now i want to know watson i've seen all of the ads. successful failure, liz? liz: heart and soul of ibm saying it is too costly too confusing yet hire consultant and according to jeffrey same rate for their artificial intelligence engineers five and a half years of drops and

according to them jeffreys not overseen quarter of sales growth so profits and rev are knews down year over year it may shave 28 points off the dow at the open. >> down stock thanks liz. stuart: back to politics president trump has invited all republican senators for lunch at the white house today. health care is going to come up, here's president trump he says let obamacare fail. roll it. >> let obamacare fail, we're not going to own it. i'm not going to own it. i can tell you republicans will not own it. weal let obamacare fail and then democrats are are going to come to up and say how do we fix it, how do we fix it or how do we come up with a new plan? >> republicans are not going to own it. we'll see. come on in senator john kennedy a republican from louisiana. at the lunch today, sir, my bet is what the president will say, cut taxes or else. maybe that's what i want to say to him. what about you? youyou are going to be otolunch? >> i will.

here's what i hope the president says stuart i hope he says -- i believe very strongly that within the next week, i'm ready to go this afternoon. we need to have a vote on repeal and replace in two years. now, i'm prepared to votes on something to repolice now. and the way senator mcconnell was going to do this was going to put the bill on the floor and let everybody offer amendments. democrats, republicans, independents would stay there as long as we needed to stay where everybody got to have their say. some of my colleague toangt don't want to proceed to allow us to debate which i don't understand. >> there will be a vote on monday of next week. >> i hope so. it's time. look, but -- i think it's clear stuart that some people who here tofor oppose obamacare dpght like it

but this is america and if republican it is now like obamacare they immediate to stand up and say it, and own it and only way to do that is to have a vote. stuart: don't you want to hear a presidential push big time for tax cut? you toast. >> republicans are toast if they "don't ask, don't tell" -- don't get tax cuts down. >> going to proceed and repole and ready to have this vote and repole repeal and then move immediately tax reform 1.4% growth in gdp is an embarrassment that's what we have now. ought to have his head in the bag it's embarrassing. stuart: you have a divided republican party. you are divided on health care reform. you're divided tax cuts you're up against the wall here. your reputation as a party which imorch is at stake is right here right now.

>> we're sell better than the democrats. okay. we -- we're having troubles there's no question about that. but what we need is a vote. now, for six months, really for six years. before i was here, everybody tacked and offered it this idea and i get it. everybody has their ideas and everybody is smart and everybody's sees problems here and good parts there. it's time to vote. let's just stand up and be countinged in front of the god and country. you either like obamacare or you don't and suddenly like it then say it. own it and go back home and explain it to your constituents. stuart: well said you say it again that's why you're a favorite guest on this program you say it, tell it how it is mr. john kennedy senator of louisiana. thanks for joining us sir, thanks. cue the lefty outrage president trump and vladimir putin held a second undisclosed meeting at the g20 all rise judge nam tan know is here.

what the devil is going on? >> i wish i knew what the issue was. there's no legal or constitution -- stuart: no end. >> a secret meeting. >> we're watching now and going on and on about it. but -- seriously. must have been 60 people in that room and 20 heads of state and there's spouse and security. and each have a trancelator and they gave donald trump a japanese translator to the proximity of the prime minister of japan and japanese trancelator speaks japanese and english so no purpose was served with the japanese translator when the president and this translator quack to talk to putin. >> not a story almost humorous and it almost shows that character of donald trump unwilling to stay tethered it a chair talking to two people arranged him when he sees second most important guy in the room on other side of the table wants

to say hello and he has to be seated next to the president's wife. they're making this sound like there was some secret summit that none of us knows about. >> yes. that tells you a lot about the character of the anti-trump media. they hate him if you can rustle off the headline that says g20 meeting two world leaders got together and melt -- oh, i have a conspiracy there. >> exactly. exactly. stuart: let's cut this short. >> president has a lot of self-confidence in his personal relationships with people. and to put his hand on vladimir putin shoulder and say did you enjoy sit next to my wife is a summit that we don't know about. stuart: i'm glad you dealt with this for us. constitution and -- >> i'm happy to say there's no constitutional issue here. [laughter] under our written one or your former unwritten one. [laughter] stuart: you get you going in the 9a blocks and you did.

thank you, sir with. now this foreigners buying a record number of homes in america now ash. you and i are no longer foreigners so why don't you tell us which -- which foreigners are buying what and where? >> they're like oh, okay, biggest buyer of u.s. property from people from overseas opposed to foreigners chinese again, china number one, buying primarily in california. and with hit record nurls this was from the period of last year march this year which is surprising because the dollar has been strong nevertheless we've had a lot of foreign buyers number one china. canada, number two. buying a lot of home it is this in florida. because they want to get away from those wicked winters up north then we have number three, the u.k., number four, mexico. a lot of mexican property buyers where are they buying? texas. >> president trump i repeat the president of the united states of america had more mexican people are buying in america chinese folks are buying in

america. and europeans are buying in america. >> number five india by the way everyone talked about russians buy up everything but 1% of those purchases. [laughter] stuart: there you go. good story. thanks very much. target's chief says the hispanic consumer is shopping much less. the ceo didn't mention president trump by name. but did mention shifts in behavior and border towns. s interesting story we've got that coming up for you. how about this one? a proposed 12,000 seat state of the art stadium for a high school football team. and yes it's in texas. find out exactly how much this is going to cost. we'll have that . i was wondering if an electric toothbrush really cleans...

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deadliest catch, shark week, "mythbusters," scripts owned food network hd tv, the federal channel, amongst others. and boats strox on this speculation that they're getting together. big gain for strips up 15%. the head guy at target ceo thereof is warning hispanics may be shopping less this he mentions border town and shifts in behavior. what's this? >> border towns where president would like to build that wall this is brian who says almost a cocooning factor and staying at homage going out less. particularly around border towns he's also siting research that says that this is hit hadding retailers across the country that hispanics are staying home sales are are 8% year over year according to this data and fear that ice is going shough show up at a target store to round up illegal immigrants he's belying

implying that so 1.4 in buying power. this is -- >> up 20% of the u.s. population? >> nearing 20 for sure. they're 10% on buying power 1.4 trillion is what they spend purchasing power. so, i mean, this is an tech -- so they're talking about it. stuart: top guy at target is implying that hispanics afraid to go out to buy because they're afraid are of i.c.e. that's the story. >> essentially that's what he's implying back to amazon blue apron from rumor to reality couple of days. bill l is with us former chief of wal-mart usa. this is really remarkable. rumor to couple of days ago that they're going to come out with a prepackage meal kit there's talk that amazon is the new wal-mart. >> that's right. stuart: are they? >> a beast. stuart, they've been able to get

in and gain momentum only place to stop them is wal-mart these two titans are head-to-head and blue acken prois a good one. just in ininfancy just ipo and they large it. >> you can go after them and predatory pricing, unfair competition they run a monopoly you can do that. >> particularly when they say -- you know we can make money wherever we choose we choose not to now and invest in make money later. those words always scare me if i were an amazon shoe regulator that's what i'm looking for. stuart: i think so. i have to ask you about health care. because you say that the uncertainty of health care that obamacare for the last seven years, you say that has hurt growth and our imroat rate in america. so why can't we get rid of it? >> that's what's been happening over last several years you back to the beginning of the obama

administration. we spent two, two and a half years arguing about obamacare the implementation and passing of it and spent two, two and a half years really, really focused on repeal, supreme court challenges. are are we with going to get it finally with supreme court ruled on it and spent next two years in the election talking about how the republicans just give me a shot. give me the presidency give me the senate, give me the house we'll repeal and replace and here we are now talking it be again. and -- stuart: you have to be disappointed with republicans. >> you're a business you need sernght certainty and know what your labor costs are going to be and the way it is set up 8 years of uncertainty around health care. fix it and let's move on. stuart: you are disappointed with republicans. >> absolutely. choked on them. >> there's a time with restrain they have their chance. it's right now. they need to do something. stuart: phil sighing monothank you so much for joining us. appreciate it. thank you. there it was. big headline on drudge, the most unpracticive congress in 164

years we're going to explain that one for you and ask louie about it as well. he's coming up. in our morning meet, my executive producer explain to me, football is a religion in texas. not next, we have the story to prove it. [laughter] time's up, insufficient we're on prenatal care.es. and administrative paperwork... your days of drowning people are numbered. same goes for you, budget overruns. and rising costs, wipe that smile off your face. we're coming for you, too. for those who won't rest until the world is healthier, neither will we. optum. how well gets done.

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>> he gets the ball, left-handed catch and souvenir for chris christie are you kidding me, how about that? you just notice him -- [cheering] hot i'll tell you. >> nice to get from are the tbeach to the ballpark. >> did you hear that? >> from the beach -- new jersey governor chris christie caught a foul ball at the mets cardinals game you hear booing remember governor took criticism for closing down state beaches during the july fourth weekend. then he vacationed at a state beach that weekend caught a lot of flak at the gail last night as foul ball. not a popular guy easy to go after these days. next case, i've got a number for you and the number is 48 million dollars. what's that for? for high school football stadium now where would this be? >> playing in high school just a

field. [laughter] rock. 12,000 feet capacity friday night light, texas you think ms most expensive high school stadium think again another one built for $70 million and one for a high school. >> they fade for -- yes. for the funds people taxpayers will kick in. and they do it willingly. by the way, this is such a small school district there's only one high school in it but it's so fast growing they're trying to think ahead by adding this giant stadium with like a banquet hall sized suite in it expected to attract a lot of people. this is texas, high school football that's all you need to know. >> taxpayers had to vote on the bond issue. taxpayers said yes. >>they knew what they were gettg

and if it is texas they like it football is a religion. >> in the team -- stuart: the low form of -- >> football is a religion in texas. they love it. so what? stuart: that's explained to me. whoa look at the futures look where we are pointing. ladies and gentlemen, it is wednesday morning. and we're going up again. who cares about a health care fail? let's move on towards tax cuts shall we dow is up 20. back in a moment. copd makes it hard to breathe.

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stuart: we are looking for slightly higher opening. the fact that today's market action is this. president trump has invited all republican senators to a meeting, that would be for lunch at the white house a little later on today. this is what he tweeted this morning. i will be having lunch at at the white house with republican senators. they must keep promise to america. personally i prefer him to demand tax cuts soon. that's what i would like to see but evidently he's going to talk to them about health care because there will be another bill, another vote, i should

say, next monday on the senate's version of health care reform. here we go. it's 10 seconds to go. wednesday morning. you can hear them clapping and cheering. nasdaq in the big board. we are going to open ever so slightly higher. here we go. up we go. oh, oh, oh, down 5, down 2. down 5, come on, come on. [laughter] stuart: the lost that you saw is ibm. it's a dow stock, bottom right hand corner, way, way down. that's dragging the overall market, the dow industrials is down. ibm accounts 30 points of lose for the dow industrial. if it weren't for ibm, we would be up 40. take a look at the fabulous five, check them every single day. look at them go.

facebook is up 3 bucks, is that today's quote? yes, t got to be. ashley: yeah. stuart: facebook up three bucks, look at amazon, $14 higher, microsoft, i own some, 73.30. alphabet also nope as -- known as google. the big 5. all time high for facebook. yeah, 163.83, that's the all-time high. just hit it right there. who is with me to go through fabulous fife? you're on camera. welcome back, long-time no see. the fabulous five.

i think they are immuifn to -- immune to politics. what do you say? >> what they would love to see is repatriate some of that cash. stuart: they dent care. >> they can deploy it then. i agree with you, stuart, the underpinning of this market are these stocks that are bringing everything else with them. stuart: look at them go. >> quickly after g.w., the s&p 500 tripled or quadrupled. the s&p shot up. m&a deals. buybacks, dwi ends -- dividends went up.

amazon has gone to rumor to fact. they are now advertising, rumor to advertising a product in a matter of days. is there any hope for blue apron, dr? >> not in my portfolio. amazon the moment that they came with the meal kits they call them, four or five soldout immediately. everybody was on there. that is the worst news if you're blue apron. stuart: they're a monster. i dent see how you oppose them. >> absolutely. when you talk about fabulous five, there's a theme, it's market dominance. facebook and google are becoming a duopoly. amazon doesn't dominate retail but sizable portion and dominates growth in retail and apple duopoly with samsung in

samsung. stuart: all of them up to date. i've got news from alpha get. remember google glass coming back. focused now on businesses, give me more on that. >> businesses are picking up for applications inside their companies like boeing, ge, volkswagen, it didn't work with consumers, it was too geeky looking when you wore it, the joke was i don't spend enough time staring on my phone, so what they're doing is if you use in corporate applications, if you're in manufacturing right there and you can broad cast what you're looking at to a colleague across the factory floor. multiple applications in the corporate floor. stuart: in business, i can see it. for the consumer, it didn't work. china clamping down on whatsapp.

ashley: by the way is globally probably the most messaging service unable now to send videos and photos within chien ea. china is clamping down. they have been taking away, shutting down sites that are popular in china. all leading to party congress in a couple of months what they would like to erase issues. subscription base, you have to pay but something that facebook has talked about before offering, they have the articles area now on facebook. they are going full board. >> amazon is going after facebook's instagram announcing yesterday. [laughter] >> 25.4% of every man and children on the globe is on

facebook, they will continue to monetize those eyeballs, one of the big five that i'm betting on. stuart: bottom four of the big five on your screens, all-time high, you have it right there. that's where they are. sinking, this is old-tech, sinking revenue at ibm. in fact, am i right, liz, they have gone down in revenues. >> 5 and a half years. you haven't overseen a single quarter, it's complicated, it's expensive to use and you have to higher consultants to figure it out. do we have those ads? everybody has seen them. tom watson talking to watson but apparently they have not recoup development costs. >> that is correct. they cannot recoup costs that they plow into it. >> old stories lead to amazon,

they are getting amazon by the public cloud. they are struggling to grow and proprior-- proprietary. stuart: ibm has been amazonned. >> it can't grow and that's why the stock is so cheap. stuart: netflix in record territory. bank of america says it could go to $300 a share. currently 182. do you see that happening any time soon? 300 bucks in netflix? >> the next year and a half, two years, i would say no. however, i think it can grow there. they gave such guidance to the next quarter, stuart, it was almost unbelievable, additional half million people over what analysts thought. they are doing lots of things right if they can get their costs down for production.

>> but there's no evidence that they can. they're burning through mountains of free cash. look, i'm down with all the tech names that you mentioned. netflix gives me trouble because i can't see how they recount for the costs. it's not really transparent. i don't see -- people think they own all the shows that they make, they don't own them, an expensive business to run. stuart: markets, no selloff despite what happened with obamacare, we are up 9 points, 21,584. morgan stanley is making money. the stock is up 3%. 46 bucks on morgan stanley. u.s. bank corp. making more loans, boosting profits. week guidance from united continental, airline, it's been a long year for them, has it not, back to 76 bucks a share, almost where they were when the dragging incident occurred. they went up to 80 and now to

76. people got a little ill in chipotle in virginia. the store is closed for now. they still have a problem with this? >> structural systematic problem. you have something like e. coli outbreak with one ingredient in one restaurant, that could be a flu. multiple outbreaks and things around the country, the big miami with chipotle we source locally and we have hands on preparation in restaurant. guess what, that works well when you have five restaurants, when you build it into a nationwide chain, the last thing you want the a lot of hands on in the restaurant and a lot of small farm sourcing because you don't get the same controls like other giants get. stuart: good chain. >> expensive fix. stuart: $365 a shares on chipotle. issue to raise here. president trump has invited all republican senators for lunch at the white house today. now, what do you think he's

going to say? he's tweeted saying it's going to be about obamacare and health care, i personally want him to pivot and beat them up over tax cuts. what do you think? >> well, i believe he still wants that 2017 win on his agenda, i think he's going to be like a dog with the bone on become -- health care but the brighter side has to be to pivot to tax reform. stuart: there's going to be another vote on health care reform on monday. >> two days from now, key deadline, subsidy payment to stay in the obamacare exchange. the president said he's not going to do that, you can expect more insurers to leave those exchange, in fact, united health had decent, an earnings beat and profit forecast because they're exiting the exchanges. stuart: very interesting opening to the show. a lot of issues to discuss, big five technology companies, thank you to dj and jack, gentlemen,

thank you so much for joining us. modest gain for the dow. there's a new push by property developers in a few big cities make open consumption of alcohol legal again. we have details on that for you. now, i'm about to read you some tweets from country music legend charlie daniels about washington, d.c. and the senate. here we go. okay, the congress and senate we have can't work together and have proven it. solution, replace them all until we find people who can. that's charlie daniels, the senate is not a political body, it's a kindergarten class. [laughter] stuart: sympathy from our viewers. [laughter] just like the people who own them,

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stuart: six points, four points higher for the dow industrial. then we have google rolling out its own version of facebook news feed. come in, nicole, because i want to hear more about the latest battle. nicole: has original title. the google feed stock is higher, everybody is spending so much time on facebook and the feed and instagram, they want your attention. this is going to be personalized, on the front page and it's going to have your hobbies, food, travel, all kinds of topics that may be of interest to you. they know this from your prior searches, less about your friends, it's not a social network but this is an attempt by google in order to grab you away from facebook. we know that google map and the

chrome browser have done well but maybe even direct you to use youtube. high hopes for google. stuart: facebook hit another record high, how about that? nicole, very much, indeed. property develop nester some businesses are pushing for open drinking, open consumption of alcohol on some city streets, you better explain it. >> if you continue beat them, crack open a cold one. what's happening is they are trying new tactics, these are the brick and mortar stores to try and keep customers and part of the deal is they've added restaurants, they've added entertainment, now they are saying that the creation of video is very good, people can wander from store to store, retailer to retailer with open

container and it's working, they have tried this in georgia and they have seen sales increase. i was looking at zoning boards in georgia, alabama, texas and iowa have allowed ordinances to allow people to walk around with alcohol in the streets. >> open containers really do lead to open wallets if you're going to shop somewhere. stuart: encouragement to buy. [laughter] stuart: let's get serious, an article on the week publication, they call this congress the most unproductive in 164 years, both obama and bush passed consequential legislation by this point in their first terms. look who is here, congressman lou gohmert, republican from the great state of texas. people who voted for the republican party feel betrayed. they feel that the republican

party has failed them, not you in the freedom caucus, not the moderates, the party as a whole, they feel it's failed. what do you say? >> well, stuart, i feel the same way. i don't just feel their pain, i feel the same way. i mean, it's unbelievable how many people, it's everybody said, you put us in the majority, we will repeal obamacare, we will repeal obamacare, mcconnell himself said we will repeal and we got the chance and trump is leading the charge, he's helping us and what's happening, well, we just don't think we can get there. i love what the president is doing and he's going to have everyone of the senators there and i hope, stuart, the message is going to be, look, you all promised you would repeal it if you got the majority and you got it and you voted for repeal in the last congress and now i will sign it as soon as you vote to repeal it, you better not have been lie to go your constituents

because you're going get a chance to vote to repeal and keep your promise and if you don't, whether he find somebody that will keep their promise. stuart: let's talk tax cuts because -- >> i think we have to do them both. i think we have to do them both. stuart: you have to get together, act as a governing party regardless of differences within the sure. >> sure. stuart: is the republican party prepared to do this? i can't do this. >> i actually think that there are people in the republican party in this building i'm standing in who are not interested in seeing trump succeed and i tell you what, it's not about trump succeeding, it's about the american people succeeding because trump succeeds, so they have to put aside those things, if we can get tax code to 15%, jobs will explode in the country, we will get back manufacturing and all of the things we need and they

will get reelected. they have got to put aside petty differences and their worries and squabbles. you said compromise, i will compromise on the little things but on the big things like actually repealing obamacare and getting something that saves lives, you know, we can repeal, we can compromise on the little things we have to repel and have to do tax reform, major cuts, we can't have little tweaks on the cut, they have to be major cuts, no compromise on that. stuart: we hear you lou gohmert. check the dow 30. lots of green. we are down 2 points from the dow. there's a vibe, there's an energy in the border patrol that's never been there before in 20 years, the man who said

that is next potsch: you each drive a ford pickup, right?

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

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on home and auto insurance. call for a free quote today. liberty stands with you™. liberty mutual insurance. stuart: we have a 10-point gain despite the health care fail. 21,585. now here is an area where the trump agenda is, indeed, working it seems like it. the border patrol union chief,

he praises a quote, miraculous drop in illegal immigration under president trump. he says things are different now. here is the quote again, there's a vibe, there's an energy in the border patrol that's never been there before in 20 years that i've been in the patrol. here is the man who said it, national border patrol council brandon. greet to see you again. >> thank you. stuart: we don't need a wall, do we? >> we do need a wall. ounce of prevention is better than a pound of cure. stuart: the left will probably seize on your statement, you're right, there has been dramatic decline and a number of people apprehended at the border, a whole lot fewer of people are coming across the border. the left will pick up and say, you don't need a wall and we certainly don't need to pay for it with taxpayer money. you know that's what they're going to say and they might win.

>> the left has already picked up on that and they are saying that. unfortunately they aren't correct. you have to look to the future. we have to be prepared for what's going to come and if you look at how we are going to pay for it, you have to look at senators ted cruz, the ideas that he's come up with that are ingenuous. stuart: what is the decline in the arrests at the border, how big is that decline? >> it's over 50%. no president in modern history has overseen such a drop in border security and so when you look at this and you look approval ratings of president trump, we have to ask, what questions are you asking because if you ask how he's doing on one of his major platforms which was illegal immigration, he's doing fantastic, so we need to get out there and we need to start talking about the things that he is, in fact, doing right and illegal immigration is one of them. stuart: he actually hasn't done all that much, he's just kind of

threatened, we are going hope, that's what he said. >> that's worked, that's worked. as long as we follow through with that, as long as the catch and release program ends, as long as there's a consequence, a proper sequence applied to violating u.s. law, illegal immigration will continue on the downward spiral. stuart: it wasn't that hard, was it. brandon, border patrol, thank you for joining us, sir, i appreciate it. >> thank you. stuart: fast-forward to 11:00 o'clock hour, herman cain will join the company right before gop meeting, we will get his take. the european unionization of america, once the government gives something, you can't take it away and number three, politicians don't lead, they follow narrow self-interest, learn more of that from me in the next hour think again.

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stuart: one, the europeanization

of america. two, once the government gives something, it can not be taken away. three, poll technicians don't lead, they follow narrow self-interest. those are three themes on this program. all three are relevant to the obamacare debacle. start from the top. does anyone doubt that america is getting more and more like europe, and that obamacare was very much part of the europeanization process? obamacare lives on. thanks to the republicans. does anyone doubt getting rid of unsustainable government giveaway is next to impossible look at vast expansion of medicaid under obamacare. it is out of control. half of all births are paid for by medicaid. it is wildly expensive. when just a slowdown in its rate of growth is proposed even republicans shy away. oh, no, you can't do that. what has been given can never be taken away. last one, politicians, they're

not leaders. that is on very public display with health care. witness those republicans who voted to kill obamacare when they were in opposition but now vote to keep it a alive now that they are the governing party. truth is, that the gop is complicit, it is part of the left ward drift of our society. they have not reversed obama's trip down the european road, they have speeded up the journey. they have one last chance, cut taxes and grow the economy. and until you do that, you're just obamacare light. the second hour of "varney & company" is about to begin. ♪ >> the door to bipartisanship is open right now, not with repeal but with an effort to i am positive the existing system.

the door is open right now. republican leadership only needs to walk through it. stuart: all right. senate minority leader chuck schumer yesterday after the senate pulled the plug on the health care bill. it is dead, it is gone. celebrating failure. more on that in just a second i should say. first let's check your money, where are we, what's going on? we're up 28 points. the dow has recaptured the 21,600 level. s&p and nasdaq, both at all-time record highs. all-time highs also for some big-name it beings. look at this. amazon, facebook, microsoft, alibaba, new all-time highs every single one of them. ibm however, old tech that is a drag on the dow. it reported another quarter of declining revenue, the 21st in suck something, over five years worth of declining revenue, not good. morgan stanley, well, they're making money, that stock is up nicely, a 3% gain there.

don't forget about oil, we've got the latest read on the supply and how much is in storage. that comes off in 28 minutes. that price of 46 bucks a barrel right now could change. the democrats are having a field day over the gop fail lure to pass reform and repeal of obamacare. dnc chair tom perez releasing a statement. here is the quote, republicans attempted to take away melt care from millions and failed twice, because the american people made their voices heard and overwhelmingly rejected this bill. senator bernie sanders tweeted this, this is a great victory for the millions who stood up and fought back. i congratulate everyone for their hard work. joining us now, marcia blackburn, republican from tennessee. i'm sorry the democrats are quite rightly claiming victory. are you prepared to accept republican defeat? >> oh, not at all, and i think

the democrats need to be a bit more measured in their response. i would not count the republican bill out and i've got to tell you, stu, we have to realize this isn't a tv show or a sitcom. this is real life. this is not going to be done on anybody's time frame, certainly not the mainstream media. and i think when the republicans go down to the white house today, visit with the president, that they will realize the importance of supporting president trump's agenda. stuart: really? do you think that, the lunch today, at the white house, all republican senators are invited, and the president has said he will push again for a vote, positive on health care. you think they're all going to turn around, say okay, we'll vote yes, really? >> i don't think they're all going to turn around. i think they will say this is what i want to see in this bill, these are the changes and my hope it is going to be kind of like what we call the family

call. when you come to the table with your ideas to work out an issue, and republicans will sit there and work this through. they need to do this. people are suffering. i have constituents who are paying more than ever, some 25 or $30,000 with premiums and out-of-pocket expenses before the insurance even kicks in. this is unsustainable. stuart: does the party, the republican party, has it sunk in? because, you know, this is a gross failure at the moment and you're looking at real trouble in next year's elections? has your position, as a ruling party, has it sunk in? >> in my opinion people realize the gravity of this, of meeting our promise, hitting those deliverables. tax reform, the president's agenda of jobs. of dealing with immigration. of making certain that we get the affordable care act off the books so that people have the

ability to move to patient-centered health care and have the ability to talk with their doctor. not a bureaucrat, about what the health care should be. stuart: we've said, we must do this. >> for years. stuart: yeah, keep on saying it and we failed. at this point the republican party has failed. you're saying it is now different. really? >> no the house has passed their bill. the senate, we're yet to see action in the senate. the commitment is there to do this. it's a down payment on health reform. getting all of this off the books is going to be a two-year process because you've got rules and regulations in addition to the statutes that are there. stuart: first you have got to vote yes, repeal it. >> you got it. that is exactly right. stuart: i hope, let's see if we get it. marcia, thank you so much for joining us. >> good to see you. stuart: give you a hard time always.

look at this. germany's president angela merkel ruling out any limit on refugees coming into germany. she has a new interview out and here is what she says. as far as a upper limit is concerned, my position is clear, i will not accept it. we have to fight the cause of migration. and i believe, we can achieve what we want without any kind of cap. joining us now, sebastian gorka, deputy assistant to president trump. what is your reaction? i was really shocked to hear that because i thought angela merkel retreated she admitted she made a mistake opening the doors. now she has gone back on that. i was surprised. how about you? >> well, stuart the president expressed his concern in general with our european allies capacity to deal with the influx of immigrants from war-torn areas into the european continent. this is a surprise. what i always think about, imagine if you went home tonight, stuart, put a big yard sign outside of your house, you said, everybody welcome.

you left the doors open. by the end of the week you would have no home left. there has to be a point which national security and national interests trumps the idea of limitless immigration. but this is an issue for our european colleagues to decide for themselves. stuart: yes, sir. at the top of this hour i issued forth with an editorial saying that america is increasingly being europeanized. that we're bolting down that road to go towards the european model. do you agree with that? >> i think there was a danger of that. i think that all changed on november the 8th. i think there is a very, very close connection between the "brexit" phenomena in the uk and similar sentiments across the continent, and also the victory of donald j. trump during the election. there is this reassertion what i see as the people's sovereignty, rejection of the establishment, we know better than you who elected us attitude. yes, i think there was that

danger but i think under president donald j. trump we put a halt on the europeanization. stuart: okay. the vice-chair of the u.s. joint chiefs of staff says north korea doesn't have the accuracy to hit the u.s. with its missiles. does this mean we should be a bit less worried about the noko threat? >> we should be concerned. we should be concerned -- we'll not talk about the specifics of what they can or can not do. we have seen a trend. they are constantly breaching all of the international norms and requirements, resolutions incumbent upon them, whether ballistic missile testing, weapons of mass destruction or others. so they are escalating the situation and it's a threat to the united states and our partners and our allies. stuart: sebastian gorka, always a pleasure. >> thanks, stuart. stuart: appreciate it. now this. from rumor to reality, amazon is already testing its new meal kit service. tell me about it.

ashley: up on the website, i don't have a amazon fresh password to see if it is there this morning however the slogan, we do the prep, you be the chef, they were advertising one at least ready to go meals yesterday. stark parmesan fryes, snap peas, just like that delivered to your door. you're right, what is really the story here talking about it. how that absolutely sunk blue apron's stock price last friday. here we are three days later, it is already on the website. that is the power, the juggernaut effect of amazon. stuart: it is rumored on friday. it is fact on wednesday. ashley: done. stuart: that's amazon. stuart: how do you compete with that? tough one. all right. the most streamed song of all time is now the current hit, how do you pronounce that? stuart: depspito, you can hear it in the background.

it reached that mark six months after it was released. this is favorite of some of our production team. the single has been played almost 5 billion times across all streaming services. there it is. say it again, what is the name again? liz: despactio. stuart: thank you very much. slim on a treadmill. most famous example of government waste. that was it. this year's waste report is out. we'll see if we have any examples that we can match shrimp on a treadmill. all time favorite. one congressman running for senate, is passionate about building the wall he is willing to shut the senate down to build it. congressman mo brooks is with us next hour on "varney & company." ♪

nah. not gonna happen.

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stuart: maybe in the works a cable deal. the journal reports discovery is in talks to buy scripts. discovery, they include "deadliest catch," "shark week," "mythbusters." crypts owns the food network, h-gtv. the travel channel. rosey o'donnell backlash this morning, tweeting about a game, that let's players throw president trump off a cliff. let's not spend to long on this, ash. ashley: she tweets out let's push trump off a cliff again, playing off make america great.

if you play the game, push the space bar, falls down a cliff, a manhole, change the screen, false into various thing. stuart: i object to put this kind of thing on the air, except to show how the extreme left is is contemptuous of our president. ashley: young conservatives response to the post, violence is accepted form of dissent for liberals these days. that is very true. stuart: end of that won. gave it 20 seconds. let's move on. i say the collapse of the gop health care bill shows we're becoming a more socialized nation. come in john allison, former ceo and president of cato institute. when i hear cato i think free markets, okay? i have to put it to you, the free market is losing ground. we free marketeers are losing. we can't get rid of obamacare. what say you? >> unfortunately have to agree with you, stuart. people really want a free lunch. what they want with medical care

is no limitation its on preexisting conditions and they do not want a mandate the at the same time. which means you don't have insurance. stuart: we can't get rid of it, can we? >> that that is a real problem. stuart: the principle, once the government gives something it can not take it away. we are going down the european road. i don't see any end to this. you i don't see how free market people can win, do you? >> well, i hope we can win over the intellectual argument when we show how free markets work, but we're losing. ironic, we're making progress on civil liberties which is important to libertarians. on economic freedom we're going in the wrong direction. unfortunately trump really hasn't stopped that. stuart: you were formerly the ceo of bb&t bank, a big bank. we wanted to ask you this about a new survey which says more investors are buying bank stocks than technology stocks. that's news to us. any idea why investors are

buying bank stocks? >> wealthy there is a combination that tech stocks are mighty high in terms of price to earnings multiples and banks have upside potential if we really do get some deregulation and normalization of interest rates and that's the issue. we are seeing some improvement on the regulatory front but it is not dramatic. we have some rise in interest rates. but those two factors could drive much healthier earnings froth in banks. bank stocks, still in many cases are trading less than they were 10 years ago. they have got some upside potential. stuart: are you disappointed? literally, what, six months ago, we all had dreams of getting rid of dodd-frank, getting rid of obamacare, tax cuts all over the place, less rules, regulations red tape, build a wall. we haven't got anything. are you disappointed? >> i really am, stuart. i'm very disappointed to tell you the truth. i'm not ready to give up, but i'm very disappointed.

the republican party is not what they purported to be. that is the dill almost ma. you don't have a majority of people that believe in free he markets. they're still in the minority. that is the problem we got. stuart: yes, sir. >> it is -- stuart: it is very sad, isn't it. here we are, we had such great hopes. most of them dashed. go ahead, last word. >> you know, stuart i was going to say so interesting, europe is doing so poorly and we want to emulate them. that is really a tragedy. stuart: what do you think i came here for? i'm a reformed european. i see america get more socialist all the time. drives me crazy. john allison, thanks for being honest with that. we like it. thanks for being on the show. it is called the "pig book." this is all about waste in government, $7 billion worth per year, this year. we found examples that will drive you crazy. you want to be driven crazy? stay tuned. we're next on that one.

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-- 21,586. morgan stanley made more money than goldman sachs traders. that hurts goldman. u.s. bancorp, customers took out more loans and the bank benefited from interest rate hikes. weak guidance from united continental. a red arrow there, they're down 4%. tough year for united continental. the airline of course. look at the stock price since the april dragging incident. it is actually up almost 7%. the 25th annual congressional "pig book" is out. it shows, one of the most wasteful spending in d.c. according to the "pig book." 163 earmarks cost taxpayers $7 billion. look who is here. gerri willis with some more alarming examples. number one. aquatic plant control. >> you need $9 million for that, right. what they're doing, they're

killing these noxious plants in the country's waterways, rivers lakes. so you know -- stuart: that is not wasteful. i have no problem with that. you got a problem with that? >> i thought you had a problem with that? stuart: no i do not. number one. your example is awful. >> you asked for it. stuart: i will pass judgment here. >> all right. stuart: next one. >> do what i'm told. stuart: save american treasure. what is wrong with that. >> this will tick you off, my friend. this is really sponsoring businesses. five million dollars, peaceally they sponsored a center mansion in old wesbury new york. this is business that houses weddings, conferences, one wedding would cost $86,000. we gave them 147,000. they have two weddings. guess what? stuart: you got a point. quick one, east-west center in hawaii. >> almost $6 million in the hawaii. the state department says please stop funding this. this kumbayah moment to get the

east and west to talk to each other. stuart: i don't think they're as good wasteful examples as shrimp on barbie. i mean, shrimp on a treadmill. liz: shrimp on a barbie. what are you thinking? stuart: gerri, thank you very much indeed. coming up president trump expected to have lunch with all 52 senators today. charles hurt on that next hour. he is ready to vote on health care. heritage action says anything less than repeal will be catastrophic for republicans. i'm with that we'll be back. ♪

stuart: not bad, 18 points higher. 21,593 very close to 20 one six. weekly oil inventories. we're about to get the number. this is how much oil we added to our storage or taken away from storage. it is important for the price of oil which in turn is important for the market. do you have a number yet? liz: down 4.73 million barrels down a drop. stuart: so we used it. liz: unexpected drop. unexpected drop in distillates. that is why you see oil moving into the green. stuart: distillates, what does that mean? is that gasoline or like home heating oil? liz: home heating oil. the trend for last 15 weeks or four-month has been down. you see oil moving higher in trading. stuart: which means we're using the stuff, that is why the price has gone up to 47. liz: that's correct. stuart: tell me, what was the gasoline? four million barrels of gasoline

taken out of the market or used in other words. that would imply a rise in gas prices. liz: these are bigger drawdowns in oil and gas than wall street expected. stuart: bottom line we're using more energy? liz: correct,. stuart: got it. do not forget the stock market and don't forget the fabulous five, look at them now, all of them up. facebook, that is a record high, 164. amazon, 1025, record high. microsoft, 73.67, record high. alphabet awfully close to 1000 bucks a share. apple at $151 a share. still going strong. president trump tweeting about today's gop senators. i invited them all to lunch. here is the tweet. i will have lunch at the white house today with republican senators concerning health care. they must keep their promise to america. fox news contributor,

"washington times" political columnist charles hurt joins us now. >> good morning, stuart. stuart: what do you think the president will say to them? do you think he will harange them and pound the table and. do you think he will say that. >> i hope he water boards them and berates them. for seven years they repealed obamacare knowing full well president obama would never go along with it. when they finally get the chance to make good, finally repealing obamacare they flinched, can't get it done. like the kid in the bar fight who is talking smack as long as his buddies are holding him back. as soon as his buddies let him go, suddenly he gets real quiet. stuart: i personally want to see the president urge a yes vote on obamacare repeal. i got that. but what i really want to see him pound the table on is tax cuts. he has to tell the republicans in the senate, this is your last chance. you let me down on this, you

messed up the part and my presidency. i want to hear him say that. >> you and i talked about this. i think there is still a way forward for republicans even if they don't get obamacare repeal passed. tax cuts, there is to excuse. they have no choice. they must get tax cuts done. it is also something that donald trump understands better than i think he understands health care. they must get that through. that is the linchpin for conservative, even more so than obamacare, specially if republicans, in 2018 election what are democrats going to run on? they will run on saying you, don't vote for republicans. they didn't fix our mess? i don't think that is much of a strategy for running on. i think democrats still face real possibility they will get punished as obamacare gets worse and worse and worse. stuart: okay. now, we talked to senator john kennedy in our last hour about voting on a he repeal of obamacare. roll that tape.

>> i'm ready to have this vote. i hope we repeal and we'll replace within two years. we move immediately to tax reform. 1.4% growth in gdp is an embarassment. that is what we have now. everybody up here ought to hide his head in a bag. it is embarrassing. stuart: you know, that is a forceful statement there. i want a vote. i don't have the right accent there, but i want a vote. that is what the senator is saying. is there an outside chance that they will vote and will vote to repeal obamacare on monday? >> i think that there is an outside chance of it. of course i think that would be a terrific idea. i think if you repeal obamacare, the markets will figure out all the rest. this business of doing two-year delay, that is just sort of political, you know, throwing out shiny objects to distract people. i don't know what this two-year deal is all about. if you want to repeal obamacare, please love it. just repeal. rip it out root and branch.

and let the markets sort of sort it out. you know insurance companies offer health insurance because they make money at it. they have always made money at it. if you take out obamacare, they're going to be able to make money at providing health insurance again. stuart: yep. >> we can go back later deal with some of the little things that, you know, that make that market a better, safer place but i mean, you know, obamacare is not working. stuart: i wish we could go together to the lunch at the white house. >> that would be great. stuart: hold on -- >> i would hold them down. stuart: hold on for a second, charles, i have more for you in just a moment. bring in dan holler, heritage action for america vice president. dan, you and i have argued. i know you're laughing, i say on obamacare, something, anything is better than nothing. well you got your way. we got nothing. i'm not, i'm not happy. >> no, stuart. i have no idea what you're talking about. our way wasn't nothing.

the senate bill was not perfect, it had a lot of problems it would-be gun unraveling the damage caused by obamacare. that was a decent bill. it was a good first step. the senate should vote on it. should precede and debate it. i have no idea what you're talking about. we want the exact same thing. stuart: i thought we argued in the past about the principle involved. that it must be a flat-out absolute repeal of obamacare around do it now. that is what you you wanted. and i said okay, but give me the votes. show me the votes. she me you got the votes because i want something on the books. right now we got nothing. >> well, i mean the fact is the republican party is tremendously divided over obamacare. they ran on, for seven years on repealing it, but apparently a lot of them misled their constituents and american people. the challenge how do you get 50 republican senators to agree to something, something that will begin, not totally, but begin the process of unraveling obamacare. they got close with revised senate health care bill but they

weren't close enough. they need to get back to the table. figure out a way forward on it. they need to figure out how to lower premiums, unravel damage and not move on and start bailing out obamacare. stuart: odds are we get nothing. i can liz a half dozen senators who will not say yes when the vote comes up, if it comes up on monday. i have four on the screen at moment. rob portman, senator shelley moore capito, and senator lisa murkowski, susan collins, they're saying no, not going to do the repeal thing. they haven't got the votes. >> they didn't even want to do partial repeal and partial replace either. the moderate and liberal republicans in the republican party are torpedoing any hope that we have as a nation of undoing the damage caused by barack obama. they are a massive problem getting things done in this town. they need to understand that they are standing in the way of not only better health insurance but tax reform and whole host of other policies that republicans and president trump campaigned on. stuart: this is a republican fail.

they better not fail with tax cuts or else. i think we're nodding in agreement on this. >> we actually agree on something, stuart. amazing. stuart: incredible. come back soon, dan, thank you very much for joining us. we do appreciate it. thanks very much, dan. new poll shows majority of people believe the democrats, the democratic party that is stands for nothing except opposing president trump. charles is back with us. what is your reaction to that poll, charles hurt. >> absolutely no surprise, especially when you think about how much time they spend talking about russia, russia this, russia that, everything about russia. all that, they love to invoke watergate when they talk about russia, remember watergate began with a crime. it began with a break-in, a two-bit break-in led all the way over the years to the press den he system this russia thing begins with, we hate trump, and that is all we can say. they're going to come up with anything they can to sort of tie him to anything they can find

that they think is nefarious. they think it is this russia thing. it is absolutely absurd. i think that hatred, as long as they focus on that, not coming up with a message, not defending themselves over the disaster that is obamacare, that they, they alone own and they, they alone rammed through congress when they had a moment of majority before they proceeded to lose, lose race, after race of a race, for six years after that, i think they're going to be in real trouble. stuart: let me sum it up like this. trouble for republicans, if they don't pass tax cuts, say hello to speaker nancy pelosi. i'm out of time, charles. you don't have a chance to respond unfortunately. worse than waterboarding. charles hurt, thank you very much indeed. now this, singer ed sheeran,

one of the most popular celebrities on twitter. he temporarily deleted his account this week. why did he do that. liz: speculation he appeared in cameo "game of thrones," here is ed sheeran whether other musicians appeared on "game of thrones" and were not so obvious. not sure whether he deleted his account temporarily over that. here what he said about twitter. he doesn't like being trolled. doesn't like the abuse on twitter. in the past i go on there, but nothing but people saying mean things. his twitter account is now back up. he is saying on his twitter account, i don't use it, go to my instagram account instead. stuart: some things are utterly beyond me. that is one of them. thanks for the story, liz. liz: sure, anytime. stuart: one congressman running for the senate. he is so passionate about building trump's wall he is willing to shut down the senate to finance it.

congressman mo brooks is next. next hour herman cain joins the program. chipotle under fiber-optic for yet another health debacle at a virginia restaurant. before he ran for president -- getting mixed up here. herman cain is on at 11:00 hour. we'll be right back. ashley: got it. ♪ 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

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ashley: bill simon says amazon is becoming a beast. roll tape. stuart: there is talk that amazon is the new walmart. are they? >> that's right. they're a total beast, stuart. they have been able to gain momentum i think really now place where people might be able to stop them is walmart. two titans are going head-to-head, blue apron example is good one. blue apron is infancy. ipo'd. is really neat idea. amazon sees it and want it. trouble on the horizon. ♪ i joined the army in july of '98.

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>> president trump promised a wall to keep us safe and to protect american jobs for american workers. but even some establishment republicans are blocking the way. elect me to the senate, i will fight every spending bill that doesn't fund that wall. if i have to filibuster on the senate floor, i will read the king james bible until the wall is funded.

you know what? washington could benefit from that. [laughter]. stuart: clip there from congressman mo brooks on his new campaign ad. he is running for the senate. he says, you fund that border wall or i will shut the senate down. congressman mo brooks joins us now. first off, congressman, we heard from the border patrol people who tell us the number of illegal crossings coming into america from the border down by more than 50%. do we really need a wall? >> absolutely. i think it is wonderful that what president trump is doing on national level, that the incentive for illegal aliens to come across our border has subsided. but that is transitory. a wall is long-term. at some point in time, president trump will served his eight years out, no longer be president of the united states. we need that wall in place for the next barack obama type administration we can secure our borders, do the basic thing a country has to do, and that is the outline on the map, be able to he protect it. stuart: so you're pushing hard

to get something done. we're very conscious of the moment with not getting anything done on obamacare. we haven't yet gotten tax cuts. you're prepared to take drastic action, shut down the senate, filibuster if you do not get the border wall funded? >> if imelected to the united states senate where i have the fill bus it capability that is absolutely right. by the way, thank you for playing that campaign ad. if people want to know, mo brooks for fat.com. mo brooks for senate.com. got to get that in. right now i'm in the house of representatives. stuart: you have to go you through a primary contest to become the senatorial candidate. >> that is correct. stuart: the election will be next november? >> no. the election is only 27 days away. august the 15th. that is the republican primary. there are nine of us in the republican primary. the incumbent, luther strange, major ethical issues pushing him

down. judge roy moore, former supreme court justice and myself. we seem to be in the top-tier of three. in alabama we have a runoff system. top two make a runoff. there is another tier of six. those are trying to percolate to the top tier but so far have been unsuccessful. stuart: is the wall your primary issue? >> well it's a big one because of the effect it has on american lives in so many different ways. if we can stop this huge surge of illegal alien labor into the united states of america, then those are job opportunities for americans. plus you will have an increase in american wages brought about by decrease in the illegal alien labor supply. it affectses a lot of americans on different levels. deficit and debt, that has to be up there. that is huge too. stuart: i have 20 seconds, would you tell us what you would like to hear from the the president if you were at the republican lunch at the white house today? >> i would like for him to detail the principles he will stand for for the remaining 3 1/2 years of his term and

let's stick to it and get it done. stuart: bang some heads together to, please. congressman mo brooks running for the senate we hear. >> thank you. stuart: coming up, republican senators are about to board buses which will take them to the white house for lunch with the president. the president issued a tweet. he will push them, the republican senators on health care. we'll be back. ♪

stuart: this is not a good day for republicans, voters gave them control of the house, senate, and white house an majority of state legislatures and governors to boot. they have failed to fix any part of mess we call obamacare. to say it is disappointment is understatement. the word betrayal is more apt. they promise the world and we got nothing. you can not portray yourself, republicans as party capable of government. the gop has failed. well that was my take yesterday.

i slammed the gop after the death of the health care bill. i said they failed. many of you really not happy with what i had to say. we'll start with this comment from gary. am i watching fox business news or cnn bash trump and republicans? we have brian. he says, again, you are wrong. passing something is not necessarily better, if it isn't any good. last one from james. if you laid into mcconnell or ryan .1 the time you blame trump for not leading we would have repealed obamacare and cut taxes months ago. you have turned into just another whiner about trump. are you part of the swamp? that is a fair question. you know i think our viewers are taking me on because i'm saying something is better than nothing. well you heard from me. what say you. ashley: i don't think you were taking on donald trump. i think you were taking on the republican party as a whole. the leadership in particular. look, you always start off wanting 100% of everything, then

you -- if you can get 70%, i think that is a great result. what is frustrating, what makes your comments ring true, surely, when you're in control of the house and senate and oval office you can agree on something. doesn't have to be monumental. get something done to have the appearance you can do it as a whole in the long run. frustration they got nothing is absolutely ludicrous. stuart: lizzie? liz: i don't think you look swampy at all. you part of the swamp? reagan said that, if you get 70%. ashley: yes. liz: republicans have not had total control of the government since 2006. i don't think they know what to do with it. watch what obamacare did, 70, 70 he revisions to the obamacare. after the fact obama and democrats changed the law. that is not the law they set out with. 43 moves were made by obama himself. your point is well-taken. pass something, it will change.

it will get changed after the fact. ashley: you have to' agree on something. stuart: we got nothing. as of this morning obamacare remains alive. it is collapsing but still around our neck. i'm right. we'll be back.

♪

stuart: have you noticed the five big tech companies seem immune from politics? no matter what happens in the swamp, their stock prices just keep going up. apple, amazon, alphabet, microsoft, facebook. we have followed their rise. they're still going strong. most of them at all very close to their highest stock price ever. yesterday, the big fail on health care and this tech stocks went up some more. why not? silicon valley doesn't care whether obamacare is repealed. they're a rich bunch of

companies and can easily comply with the obamacare mandates that hurt everybody else so much. tax cuts, big tech doesn't care about that. why should they? if the corporate tax rate stays sky high, they'll just keep their trillions overseas. and if individual tax rates stay sky high, executives will take their compensation in stock and delay the tax hit. and let's face it. the techies of northern california are big contributors to democrats, so they don't care if the republican congress runs into trouble. there is one thing that can bring them down. their own financial performance. weak profits, slow growth, or a failed product, and that would hurt the stock. but politics? no, they're immune. and that's another reason why they just keep on going up. the third hour of "varney & company" about to begin. ♪ ♪

♪ ♪ stuart: recognize that? yes, jimi hendrix up a along the watch tower. we are watching the white house at this hour. we may see gop senators arriving there for lunch. they're having lunch with president trump. he is expected to talk health reform. we would love to hear him talk about tax cuts. the lunch is at 12:30. we may see some movement from the bosses and the senators. and also happening this hour, we may see president trump at the first meeting of the advisory commission on election integrity. may see that this hour. if he makes any remarks, you will hear them. let's get to your money. check the big board and the dow 30. we're up 23 points as we speak. just a little shy of 21,600.

and lots of green on the left-hand side of your screen. investors focusing on profits of american corporations this week, not so much politics. well, let's deal with politics for a second. we're joined now by a member of the house weighs and means committee, congress mike kelly. republican from pennsylvania. let's get right at it. and this is my opinion for what it's worth. i think we will get tax cuts, but it will be a very slim down form of tax reform. specifically, a cut in the corporate tax rate. i think that's all we do get. you're on the committee. what say you? >> well, i think at least corporate tax reform is important. but as you and i know, corporate tax reform is only about 10 or 11% of our total revenue i'm more concerned about hard-working taxpayers that are also looking for a tax cut. but just being a student of history, any type of tax reform questions w he's is going to come out of white house. he's a president of action. he doesn't get this whole model up here. neither do i. we do get to tax reform. the biggest part of tax

reform, the white house is going to be reaching out. it's going to be something absolutely bipartisan, or we're not going to get it done. that's my feeling right now, and there may be members disagree with me. but i've watched it in the past. i know how it gets done. it gets done with a guy like president reagan or president trump. we have to have a strong leader. stuart: are you comfortable with president trump taking the lead? we just heard a couple of days ago that he's like a bomb storm, especially in the many had west telling his supporters this is why we need tax cuts. are you comfortable with him taking that very strong leadership position? >> absolutely because that's who he is. he is the guy of strength. he's a high action guy, high energy guy. that's the type of person that november the 8th, the american voters went to. not necessarily all republican voters, but the american people. saying i'm tired of the status quo. i want to see somebody who's not a politician, who actually gets in there and gets things done. i'm from the private sector also. i was never more energized than last year watching a man who understood how to win and say you know what? at the end of the day, we've

got to win. and we've got to keep notching those wins and moving forward. that's who this man, and i support him 100%. i want to see him get out there and see the temperature of american people of what they want to see done. he's the guy to give them that answer. stuart: okay. mr. congressman, please, nudge along your fellow republicans and tell them get this done. congressman, we appreciate you being with us, as always. >> no nudge, stuart. a big push. stuart: okay. go for it. push. let me get back to my editorial at the top of the hour. when i said five big tech companies do not care about health reform. they're immune from the growth agenda. immune. bear chief investment strategist. what do you say, bruce? i say they're immune from politics. they don't care about it. what say you? >> well, the markets really don't care about politics that much either. i mean, the markets really do best when you have political gridlock. but with that said, you know,

those five companies are not desperate for tax reform, but they're not indifferent either to the economy. so if we get tax reform and the economy gets a boost, and it includes repatrioting this overseas funds and a favorable tax level, i can't see why they wouldn't be happy about that, if not ecstatic. >> are you like the rest of us looking at these five technology companies and just been amazed at how far they've come and how much power and capital they've acquired. >> well, it's not really unusual for a market to be led by a specific group of stocks. and it happens almost all the time. but the fact that the market has improved in the second quarter over what we saw in the first quarter, i think tells a story even better. i mean, the markets have done really well and thrived, actually, in an area where you have politics dominating the news. and i think that's really been a benefit.

it has kept enthusiasm for the markets down. markets typically top out at two things. two things happen. one, if investors get extremely optimistic or two, interest rates are ratchet up rapidly. and neither of those is present in this example, so this market looks to me like it's going to continue to do well. stuart: fascinating. by the way, you can't see this, bruce, but on the left-hand side of the screen, we have facebook at 165, amazon record high, 1,028, microsoft pushing towards 74, et cetera, et cetera. right on target, bruce by thats. thanks for joining us, sir. appreciate it. >> thank you. stuart: check the price of oil. it's a two-week high following news this this morning that there's a lot less oil in storage. we're using a lot of it. come on in, steven. a man who appears frequently on this program because he's often been right. okay. i want you to be right about your prediction for

gasoline. because your prediction is that we're about to see the cheapest gas since the 2005 summer; is that correct? >> it's the second cheapest. stuart: okay. >> last year was the cheapest since 2005. so indeed, prices right now are averaging $2.35 summer to date. the latest average by aaa is right around $2.27, $2.28. given where crude oil prices are, and where they're going to go, we could see another five or citizen cents price come out of that. through august and the peak labor day. so certainly, we're looking at very cheap prices. on a absolute basis, the absolute cheapest since 2005. and when you adjust for inflation, rarely has gasoline been cheaper than today. stuart: it's a wonderful headline, steven. we like it. quickly now, oil at $47 a barrel. it's been around this level for quite some time now.

do you see a breakout in either direction? >> right now the narrative, stuart, is very bearish. we're looking at prices that continue to decline. even though demand has been very high. on the other hand, we have production that's at a two and a half year high. the eia came out yesterday with their preliminary forecast that we're going to see record production this month and next month as shell producers. and the producers are well hedged. certainly the fundamentals are clearly bearish. but, stuart, i have to remind people that that is the narrative that we all know. so if we all know that that means -- has been priced in. stuart, what has not been priced in is that the the debacle that is venezuela today. stuart: yes. >> that is the biggest known black san juan out there. so fundamentals in a vacuum left alone. clearly, we're looking at soft prices going into the end of the third quarter. one, big caveat longer term is if we see any sort of loss of exports coming out of venezuela.

in the near term, stuart, what we're seeing now with the spread action on products in both gasoline and diesel fuel that we're seeing on the curve on the nymex. clearly, there is growing concern with regard to the availability of on spec product through the end of the summer. so the overall general picture is still very bearish. but the two caveats for the bulls to hang on is the potential for the catastrophe in venezuela and the tightening. stuart: i tell you what i'm going to do. i'm going to stick with your prediction of dirt cheap gas. >> excellent. stuart: steven, thank you very much for joining us, sir. >> thank you. stuart: we have special guest herman cane. we'll talk everything to chipotle with that man. and president trump has invited all republican senators to the white house today. topic? health reform, we hear. you think this is going to be a comfortable conversation, do you?

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trump: let obamacare fail. we're not going to own it. i'm not going to own it. i can tell you, the republicans are not going to own it. we'll let obamacare fail, and then the democrats are going to come to us, and they'll say how do we fix it? or how do we come up with a new plan. stuart: that's a rather rosy view, isn't it? just let it fail. just over an hour from now, the president will meet with 51 gop senators, the 52 is john mccain, of course he won't be there. they're all having lunch at the white house. listen to what senator kennedy said on this program this morning. roll tape. >> i'm ready to have this vote.

i hope we repeal and say we'll replace within two years, and then we move immediately to tax reform. 1.4% growth in gdp is an amazing. that's what we have now. everybody up here ought to have his head in a bag. it's embarrassing. you either like obamacare, or you don't. if you suddenly like it, then say it. own it, and go back home and explain it to your constituents. stuart: all right. senator, he wants the republican party to be the party of government, just do it. vote. see where you are. herb london is with us, with the london policy of research. i'm going to hold you accountable, herb london. are you sticking to the view that the very last minute, we'll get something on obamacare and something on tax cuts? >> stuart varney is a very smart man, and he said something is better than nothing. stuart: yes. >> i agree with that 100%. my feeling is that the republicans have v got to do something. if not, this is a suicidal impulse on the part of the republican party.

stuart: are you saying they will? >> they have to. stuart: not just they have to. >> no. no. i think they will do so. he's going to sit down with these 51 senators and say, look, i'm telling you our future is very dependent on coming up with some kind of reform. it's not going to be 100% of what you want, but you're going to get 75%, 70%. but we must do something. stuart: you are assuming using the bully pulpit has them all in the room. that they'll put their high principles aside and vote to be governing party and get something done. your assumption is that him using the bully pulpit will work? >> the reason i say that is because how would you like to be one of the poster boys who's very much opposed to any kind of reform of obamacare. used by the democratic party in the next election saying see? this is the failure of the

party. not you and certainly not any of the others. not mike lee, not any of the others. i assure you. stuart: i want to talk about venezuela. the opposition has called for nationwide strike and president trump threatens economic sanctions. now, what do you see as the endgame in that catastrophe? >> well, the country's a catastrophe. i mean, the only recalling that could really save venezuela is the venezuelans themselves, and that's to see opposition within the country. oust madura and put some partisan in place. if you don't do that, then madura is going to be a basket case in the near future. it's very difficult to predict what's going to happen in venezuela. stuart: yeah, look, they have a lot of oil, they export a lot of it to america. if those exports are cut off, american frackers will take up -- >> yeah. i think that's right. i think that's right. but it's certainly going to have an adverse effect in venezuela. there's nothing in venezuela

that you want to buy tomorrow. there's only oil. nothing else. it's not like you can say the venezuelans have a software product that we must have. no. so if venezuela doesn't have a oil industry, there will be nothing on the grocery shelves than nothing. stuart: it's such a sad story. it was one of the richest countries. >> that's right. it's an amazing story and how easily you can lose your place in the world economic picture if you have the wrong policies. that's why bernie sanders should take a look at venezuela. you want to see what socialism brings to the world? venezuela is your example. stuart: we like your style. thank you very much. i have to tell everyone. any minute now, the first meeting of the president's advisory commission on election integrity is going to take place. we expect president trump to make some remarks. i will bring them to you when he does.

the important commission meets today. all right. we'll also hear from attorney general jeff sessions, by the way, here to announce a policy change that will allow the government to cease financial assets before they've been indicted or convicted. we're expected to hear from him around 11:30 this morning. and look at this, please. new jersey governor chris christie caught a foul ball at the mets cardinals game last night. however, after the catch, there was a round of booing. you're going to hear it in a moment. ♪ ♪ meta appetite control...

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>> get the ball. left-handed catch and act has been souvenir for chris christie. are you kidding me? >> how about that. you just noticed him.

boy, are you hot, i'll tell you. >> nice to see him get from the beach here to the ballpark. stuart: oh, did you catch that snarky comment at the end there? chris christie caught the foul ball. you saw it. he stands up a round of booing. now, why were they booing? it has to do with the governor's closure of state beaches over the july 4th weekend, and then he appeared on one of those closed beaches with his family that same weekend. not popular, hence the boos. more headlines for you. check this out. this is not a cottage in cape cod. no, far from it. it's an apartment in new york city. part of the penthouse in east village. it includes two duplexes in the building below. the point is that whole apartment just went up for sale. the asking price is 3.5 million. liz: of course. stuart: the brokers have 30 people lined up to see it. different from buying it. this log cabin built in a land

where little house on the prairie, it's getting a makeover. she lived in the plot in independence, kansas in 1869. a lot of her writing is based on the time she spent there. the cabin, though, is 1977. the tv show became a hit. it's still popular, by the way, for fans of the show. 20,000 of them show up and visit each year. liz: i love that show. stuart: it was one of president reagan's favorites, did you know that? some live events in washington we're watching for you. president trump, lunch with the senators, republican senators. that's around 12:30 eastern. before that, he's expected to make remarks the first meeting of the president's advisory commission on election integrity. and attorney general sessions about to announce new property seizure policy changes. a lot of that good stuff coming up on that. but first, check it out. who's heading down the hall? herman cane and judge --

liz: awe. stuart: such good friends. isn't that so cute? they're on their way to the studio. watch out. ♪ ♪ ♪ ♪ ♪

stuart: it's happening right now. the justice department attorney general jeff sessions announcing a policy change on property seizures. we'll listen for any other news. judge napolitano is here to comment on this policy change. you don't like it. we're also watching the white house. the president is supposed to make remarks, you're looking right now at vice president pence. he is introducing the president where he will be just making brief remarks at the advisory commission on election integrity. okay. another live event that we'll be following for you next hour. president trump holds lunch -- a luncheon, sashed. with 51 republican senators. they're expected to talk health reform. i hope he talks tax cuts. please. check the billing board. the dow 30, lots of green on the left-hand side and the dow is up 22 points. just a tad shy of the 21,600

mark. take a look at the fabulous five. the big name technology companies. we follow them very closely. they're all -- not all, but a lot of them are at record highs. facebook, 165. amazon, 1,026. microsoft, 73, 75. alphabet, very close to 1,000 bucks. apple holding little changed at $150 a share. herman cane is with us. former presidential candidate. he's done a lot of things in this man's life. but he's with us this morning on "varney & company." we like the guy. >> happy to be here, stuart. stuart: good man. you know a lot about finance. say that those five technology companies are immune from politics. politicians can't touch him. they don't care whether you get tax cuts. they don't care about obamacare. what say you? >> and the reason is their margins are so big, you're right. but tax cuts would give them more cash to grow. and i can tell you one thing about a big company. they're always thinking about growth. so it will be a positive

advantage to them, and you're right. politics and all those shenanigans that we're witnessing in washington, d.c. they kind of go too bad. let's keep on growing. stuart: have you ever seen anything like this before? those five companies dominating everything. >> no. i mean, i can recall 20 or 30 years ago you would have some large companies. but not the dominance that these companies have. so i think you're absolutely right. they're almost immune to some of the setbacks that we're witnessing politically. stuart: as you know, 51 senators on their way to the white house. would you say they would chew them out? >> they need a good chewing out. now, look, i don't know whether there's going to be any media in the room but, look, let's not screw this up. that's how i would say it. but the other positive that comes out of this, face to face discussion sometimes helps to bridge relationship.

maybe they can handoff a solution to what's holding some of these people back. the four senators they said they're going to vote "no." well, three of the four came from states that accepted the medicaid expansion. they think that they're going to lose the money. so if it's a matter of okay. let's let you keep that money. will that solve the problem? maybe that's the kind of deal that can be broken. but the way they would have to do it is they would have to do the repeal and then pass up. because if they don't, they have to go back to the six vote majority. stuart: it's a possibility. they're going to vote yes or no on monday, i understand that's what the vote's going to be. so it's not out of the question. and let me tell you what the danger is for these senators. people are going to remember, and they are going to remember if they go back on what they

did in -- i think it was 2015 because people like me -- stuart: i'm sorry to interrupt you. the president just stepped to the microphone at the advisory committee on election integrity. let's listen in. trump: mr. vice president, distinguished guests, and members of the media. i'm honored to welcome here today as the bipartisan presidential advisory commission on election integrity prepares to conduct its first official meeting. very, very important. this commission is tasked with the secret duty of upholding the integrity of the ballot box and the principle of one citizen, one vote. every time voter fraud occurs, it cancels out the vote of a lawful citizen and undermines democracy. can't let that happen. any form of illegal or fraudulent voting, whether by

noncitizens or the deceased, and any form of voter suppression or intimidation must be stopped. i'm pleased that more than 30 states have already agreed to share the information with the commission, and the other states that information will be forthcoming. if any state does not want to share this information, one has to wonder what they're worried about, and i ask the vice president, i ask the commission. what are they worried about? there's something. there always is. this issue is very important to me because throughout the campaign, and even after it, people would come up to me and express their concerns about voter inconsistencies and irregularities, which they saw. in some cases, having to do with very large numbers of people in certain states. all public officials have a profound responsibility to

protect the integrity of the vote. we have no choice. we want to make america great again, we have to protect the integrity of the vote and our voters. this is not a democrat or republican issue. it's an american issue. it's about the concern of so many americans that improper voting is taking place and canceling out the vote of lawful american citizens. that is why president theodore roosevelt once said it is the affair of every honest voter, wherever born, to see that no fraudulent voting is allowed anywhere. i want to thank vice president pence for chairing the commission. i also want to thank kansas secretary of state chris for serving as vice chair. going to be a lot of work. they're going to work very hard over a fairly short period of time.

and i want to thank you both very much, chris, mike. there's a bipartisan panel consisting of both republican and democratic leaders and experts on voter integrity. i would like to personally thank each of our panel members for serving, really do appreciate it. in addition to the chair and vice chair, this distinguished bipartisan panel includes indiana secretary of state connie lawson. thank you. new hampshire secretary of state bill gardner. thank you. maine secretary of state matthew dunlap. former ohio secretary of state ken blackwell. election assistance commissioner cristy mccormick. former arkansas state representative david dunn. thank you, david.

wood county, west virginia clerk mark rhodes. harris foundation senior fellow and manager of the election law reform initiative, a real expert hans von. president and general counsel of the republic interest legal foundation. great group. jay christian adams. and jefferson county alabama probate judge allen king. thank you. thank you very much. each of you has been entrusted with the great responsibility of helping to advance the cause of fair, honest, and lawful elections. your work will help protect our democracy. this will be a very transparent process. it's going to be very open for everybody to see. you will approach this important task with a very open mind, and with no conclusions already drawn.

you recall fairly and objectively follow the facts wherever they may lead. i look forward to the findings and recommendations your report will produce, and i share your report as soon as i can and as soon as possible with the american people. so the full truth will be known and exposed if necessary in the light of day. we call on every state to give full support and total cooperation in this effort. most of them have really done brilliantly, and we appreciate it. and the rest, all of that information will be forthcoming. thank you very much, mr. vice president. thank you, chris, and thank you. panel, thank you very much. we appreciate it. you do a great job. thank you. [applause] stuart: all right. that's the president's remarks just before the first meeting of the commission on electoral integrity. herman cane's with me. herman, what that commission

wants is voting patents, voting information from every state electoral commission so they can figure out if there's any fraud. i say that commission should get that information, and you? >> i say it should get that information, and here's why. maybe legally they can't demand the information, judge. he's over there laughing. i understand legally he can't demand it. but as a courtesy to the request of the president, they ought to cooperate. now, if there are some restrictions on certain information that because of state law, that give, make that known. but basic information will help them determine how many dead people have been voting. how many illegal voting people have been voting. that's all he's trying to do. and i really don't see anything wrong with that. stuart: well said. well said, herman cane. i don't have time for you -- [laughter] i want your response to this.

this is a very serious matter that attorney general jeff sessions is talking about. a policy change so that the justice department, the ag could cease property from alleged criminals before they had been convicted. i can't believe you would agree with that. >> no. of course not. in some cases, they've even been indicted. this is a profound violation of constitutional principles. in fact, he doesn't have the authority to do it because the trend in all the judicial cases is against that. is to require more proof on the part of the government and require that it be done far later in the litigation. basically, what they want to do is indite a white-collar criminal-type person, cease all of his assets, including the assets that he would use to hire a lawyer, force him to go into the pool to use a public defender, where upon he will plead guilty. you know who used to do that? a guy named joe stalin. stuart: yeah, you don't like that because it l take money from lawyers. >> no, i don't like it because it ceases money out of due process. >> i have to agree with the

judge on that. stuart: yeah, i do too. all right. big cable deal may be in the works. the wall street journal reports that discovery is in talks to buy scripts. discovery shows include deadliest catch, love it. shark week, myt mythbusters, scripts owns the good network and travel channel and other networks. chipotle down again. people getting sick at another restaurant. this one in virginia. neurovirus is suspected. godfather pizza, we'll ask him about chipotle in a moment. first, in 90 seconds, nicole petallides will reveal the most popular sport on instagram. football, baseball, soccer. my guess is soccer. stay right there for the true answer. y's always been differen.

last year, he said he was going to dig a hole to china. at&t is working with farmers to improve irrigation techniques. remote moisture sensors use a reliable network to tell them when and where to water. so that farmers like ray can compete in big ways. china. oh ... he got there. that's the power of and.

>> i'm nicole petallides with your fox business brief. taking a look at a tech stock making an all-time high. and take a look at the instagram. very popular on facebook, instagram. and what is the most popular sport? not football, not basketball, it's soccer. yes, soccer, globally is number one. 146million of instagram's 700 million users.

plus, all world football fans. you can see madrid, 159 million, barcelona, also. the soccer players, they have a huge amount of following. you can see they also have a huge following. facebook since buying instagram is up over 330% since 2012. but it's soccer, basketball, combat sports, action sports, football. 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.

stuart: breaking news. this is interesting. it's by a radio interview given by speaker ryan. he said the house will start writing tax reform legislation this autumn. okay? that directly critics mike kelly, who's on the house, weighs, and means committee earlier on this program said they're doing it now. they're getting on with it. liz: but it's similar what senator grassley told you is that they're going to get it done by the end of the year. so both sides. stuart: we can't have this kind of delay, can we? >> no. one of the things that's top of mind with american people is tax simplification and tax reform. they ought to be working on it now, as some people have indicated. so i really don't understand what they're going to write this autumn really means. i think we're going to have to stay tuned. stuart: he's touring a sneaker factory in massachusetts

today. we may hear from paul ryan a little bit later on. sneaker factory in massachusetts. liz: why? stuart: i don't know why, but you might hear more about this. >> maybe he's looking for some sneaker taxes. [laughter] stuart: chipotle stock down again. people getting sick in a restaurant in virginia. neurovirus suspected. it's not the first time at chipotle. the chain was hit by neurovirus and e. coli outbreaks in 2015. zayn is with us. apple metro ceo. he's in the food service industry big time. why does this keep happening? >> well, you know, stuart, the thing that worries me most all the time is about that. so i would guess to some degree this is from employees and lack of engaged employees. we have a situation where whenever an employee goes to the restroom, he's to wash his hands and his timer is he has

to sing god bless america. then he knows he's finished washing. until then, he's not. so chipotle is spoken wheel; right? so the wheel is chipotle corporate. they're not franchised. i'm not advocating franchised, by the way. but they're all corporately owned. but to keep control from that hub, from that wheel is really difficult. they have, i believe, well over 2,000 restaurants, 25,000 employees. try controlling minimum wage people buy in large in terms of what their sanitation issues are. stuart: i've got you. tough job. herman cane with us, you used to run, the ceo i believe of godfather pizza. >> yes. stuart: you're in that business. >> yes. stuart: why does this keep happening? >> i was also on the board of the national restaurant association, and i was also the president of the national restaurant association. and we started a program in the '90s called serve safe. and if you make food safety

part of your culture, then you minimize these kinds of incidents. you may not totally eliminate them, but you minimize them, and i agree. you have to really enforce it and make sure that it becomes part of the culture. so maybe it's not part of the culture, and some people slip through the cracks. >> or, herman, it is, it's the engaged employees. the employee needs to buy in. you can have any culture you want if he's on the perimeter of that culture, it doesn't matter. and it only takes one. >> it only takes one. >> it only takes one. stuart: outside this debate, but i would like to see the irradiation of food. >> well, that would be exactly contrary to chipotle's mantra, which is organic naturally-grown food. so you would have to start a new concept, stuart. stuart: i want to get you on the record, zayn. because last time you were on the show, your appearance caused confute a stir. >> it did. stuart: somehow the media got

the idea that you fired 1,000 employees. >> right. stuart: because of a rising minimum wage. >> correct. stuart: that's not true. >> not at all. in our space, there's just a natural turnover. in fact, in the restaurant industry, 100% turn overannualized is pretty good. in the fast food, it's 200%. so we are about 80%. there are people in college, they're people that are starting second careers. it's not because they don't want to be here. but this funds them to move forward. if you don't replace these people as they spin out to go into other directions, you can reduce your labor force very quickly by attrition. we fired no one. no one. and i say this on air, and i hope you're all watching. stuart: they went to town on you. >> oh, they did. they about blew up my cell phone. how they get my cell phone, i don't know. and they're on my e-mail, and they love me, you know? stuart: oh, i bet they do.

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

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>> here's a suggestion to the washington post. don't worry about how many guns are in our videos. worry about how many facts are in your articles because if gun owners abused our second amendment the way you abuse your paper and the first amendment, our rights would have been taken away long ago. you people do more to damage our country with a keyboard than every nra member combined has ever done with a firearm. your paper's new slogan may read democracy dies in darkness. it should say journalism dies at the washington post. stuart: whoa. direct aim. herman kays' with us. i just you're an nra guy, aren't you not? >> i am. stuart: what do you make of that? >> i like the commercial. stuart: i knew you would. >> i don't see anything wrong with it. and we know that the washington post has been outspoken about their bias against the nra, bias against the trump administration, so i like the ad.

it helps to make people aware. stuart: forceful. >> i like it. stuart: now, wall street got another food service guy with us. his name is zayn, he runs 40 odd applebee's in the new york area. i want to talk to you about amazon and blue apron. >> sure. stuart: last friday, there was the hint, the rumor that amazon was going to start a delivery service for meal kits. today, it's a reality and blue apron has gone all the way down to 6 bucks a share. how do you compete with amazon? >> well, it's indicative of our space. if i find a site that's a great site, and someone opens right alongside of me, brick and mortar, and then somebody opens on the other side of me, all of a sudden 100% of my market share becomes one third. i have a guy on my left, a guy on my right, and me. and that's just indicative of our space. the restaurant industry is extremely competitive. it's a bit under water these days because of the competitive nature, and welcome to the restaurant

industry. stuart: yeah, really. welcome aboard. we're going to show you the bus, i think. we've got the picture there of the bus that some senators will be headed to the white house. they're getting onboard that bus as we speak. can't quite identify them, and i'm getting seasick from that camera shot, but nonetheless, they're heading to the white house. we'll cover it for you back after this

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stuart: back to the bus. we have a more steady camera shot. i've taken my dramamine. that bus will take republican senators from where they are now to lunch at the white house. they will be addressed by president trump. i sincerely hope he lays down the law and says, you get me a tax cut or else.

i hope that is what he says. he probably won't. we're almost end of the show. i want to thank sank tankel, herman cain and ash and liz. we have five seconds left. my five seconds, neil. it is yours. neil: okay. you know by the way this whole bus thing and then pizza, shouldn't he have been doing this last week? >> yes. stuart: are you critical of our president or republican party? neil: i would say both. i would say both. they dropped ball on this. we'll see. pizza can solve a lot of problems. pizza is italian specialty, stuart, as is cheese and we'll get to that later on. stuart: i thought you were the cannoli guy? neil: you can have both my friend. everything in moderation. but i don't want to go on about that. meantime we are watching this busloading up here with senators. they're on their way to the white house as stuart indicated here.