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tv   Varney Company  FOX Business  September 15, 2017 9:00am-12:00pm EDT

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business news never sleeps on saturday and sunday. >> we know it and we're the evidence of that. have a great weekend everybody. that will to it for us. "varney & company" is next. stuart varney take it away. stuart: a terror attack in london north korea launches another missile and stock market oh, resilient as of it stays at record highs. good friday morning everyone a bomb on london underground at rush hour fail to explode as intended but there was a fire, injuries massive disruption police call it terror. the north koreans launch another missile japanese people were alerted as it flew overhead and traveled further than any previous launch. the united states did not try to shoot it down. a storm of tweets from the president this morning, deal more harshly with terrorists he says and expand the travel been another tweet in it he urges an end to filibuster in senate so a tax cut package could pass with
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50 votes instead of 60 politics is very much on the front bunker again this morning president pushing hard for miss cladle tax cut drawing democrat support wherever he can and deal seems to be shaping up dreamers won't face deportation that's a deal on daca and wall will be built. the republicans total disarray don't forget this. the market, a new high for dow jones industrial 22,203 a fractional loss today. what a day "varney & company" is about to begin. right to the terror incident in london i want to know what happened early this morning ashley. >> improvised left on london underground train and in the u.k. section of it is overcrowd it is the wimbledon line happened in a place called
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parson green about five stops up from wimbledon for anyone familiar with the two situation. it did detonate but did not fully it was a device left in the shopping bag, with a timer on it. so police say hay do not have a suspect or suspectings yet in custody so a massive man hunt going on. they believe that this -- you can see it right there. they believe it was placed on the tube station maybe one, two, three, four stops prior so going through tv, and train station. to see whether they can catch up with who this individual was or individuals. 18 to 22 people injured and -- witnesses say a fire ball went down the center of the carriage, however, not serious injuries. no life-threatening many injured in the stampede school kids on this to train because it is a popular school kid train this
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too many in the morning in the rush hour so young elderly all involved in injuries and -- , ofof course u.k. on high terrr alert. whanch did president trump tweet he made a tweet about this this morning. what do you say? >> couple of tweets he said this another attack in london by a loser terrorist. these are sick and demented people in the sight so scotland yard must be proactive upset the u.k. not to save and they're being proact i have went to say loser terrorist must be dealt in a tougher manner. internet is main recruitment what must be cut off and used better. that's what happened and that's the president's response. and staying on this subject president trump actually also tweeted this morning we have made more progress in the last nine months against isis, than the obama administration has made if in eight years. must be proactive and nasty. that's from the president fist thing this morning. ralph is with us and author that have great book judgment.
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extraordinary disruption from a single individual. that's my take away with initially from this and yours -- >> well absolutely. and that's really largely the point. we look at 9-1-1 for instance. we see the human casualties. but we don't see and don't really think about is the vast, vast destruction social economic security wise that it caused and so the good news is that these lone gun attacks or small group attacks are really that's the best isis -- it's the ghost of al qaeda duties these day but the bad news is that yes these attacks will continue much more so in europe man in united states. but they're there and we're going to live with them and you've got to keep it in perspective. >> yeah. but -- there's a cloud over all western cities isn't will? a cloud of suspicion, and enormous cost of security. and massive disruption with a small distinct but let me move on from that because other
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distinct of the day is north korea. they fired that second missile over japan and a month we did not respond. that is a significant to me, ralph and did not i thought we might shoot this thing down. >> well, stuart you and i are thinking along same line in the sense that it is all about a response. and i ask why should kim jong-un be scared of us or o tack us seriously on paper, of course, and in realities we have a superior military capable of near miraculous actions but u we don't take actions for 25 years, united states has talked and done nothing. and so from kim jong-un perpghtive china may be disgrudgessed with them an bay yin is a bit but they're not going to bring down that regime china will back him and now vladimir putin backing him and gourd cutting regime by enormous smuggling operations from the far east and then you get to the united states and when we do
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respond to a north korean action we fly a couple of aircraft over south korea. that's not impress kim jong-un ill tell you stuart i think that the key factor in the last decade -- for dictators like kim jong-un was back when and kerry thanked iranians for taking our people hostage that kind of signal around world that u.s. is tired. we won't fight. and that's very dangerous. >> do you think that -- we're forced into a position where we really have to shoot down one of their misms? >> well shooting down -- the trouble of shooting down a miss l is then you lose information about most vital part reentry faze that's the area with reentry vehicle is where north koreans have engineering problems. pested that. >> sorry to interpret you but do we pick it out into the pacific ocean to figure where it came from all of that? >> well we may be quietly doing
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that sort of thing but they tend to disintegrate and you can learn from reading the -- signals the aspect of the missile in flight. but bottom line for me is this we have with not responded there's one last chance, and that's if treasury secretary mnuchin can live up to what he said the other day and really, really make china hurt there's a slight chance china will help us. >> i'll have a precise question when do we do something about china trade. got it. ralph congratulations on the book i know it is doing well. thank you very much indeed. now, no response from us we didn't shoot down the missile and look at this we have a dow jones industrial average only slightly lower. despite all that's beginning on we might be down 20 points of the opening bell remember we close record high yesterday
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22,203 why is this market so restill yengt i'll ask that man right there andy, he's a former ceo of the parent company of hadi and carl's jr. where is the market so reskill yengt? >> look investors have one goal to mks their return. you're not going to invest many an interest baring instrument at this time and rates are too low and not invest in europe or invest in china they're iffy american businesses we have a probusiness president american businesses are doing spectacularly well outperforming everybody. this is where money is going to go, and fact that they shoot a missile it is disstressing isn't gobbing to stop people from investing in american companies. >> it is legitimate to say the following that money knows no morality money does not take a moral position? money does not respond to outrage or provocation or tragedy or human suffering. it doesn't. >> yeah, i think for one i don't think investors act morally or
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immorally but not really trying to make a point about morality but trying to generate a return idea for themselves and pension fund, a private equity fund. a sovereign fund somebody in investing in a individual and all trying to generate returns and not trying to make moral statements but seems you to. but generally not. and so ping a moral is the correction description. >> now you used to run major corporation. you were a big time employer, toipght draw your attention to the google suit, the suit against google launched by women they say they were grimented against on the basis of pay and gender, now you used to run a big company what do you say about this suit against google? >> one general is trend stuart that you may tick a look at is attack by the left on silicon valley you have companies in silicon valley they've gotten very big, and they're now being attacked as being -- sexual harassment, racial discrimination, sexual
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discrimination, they're too big monopoly so left progressives are going against silicon valley that's number one. number two, you have the labor department under president obama in secretary tom perez going after these companies as well and you may recall executive order where by these companies had to provide if you were a government contractor or federal government contractor you have to provide information that -- with respect to your practices on hiring with women, respect to race president trump eliminated that went after google in a law judge actually shut down the department of labor said you couldn't get this kind of information from google. so now you see these private lawsuits. you see lawsuits filed in california and it's significant that they're california. because they're filed under california law not under federal law. so the message i think if you're an employer, in google or silicon valley the message might be maybe california is not the place for you to be. because you're going to be
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subject to these lawsuits under difficult business laws in california. >> i can't see silicon valley decamping for business. but we're going to hold you over, in fact, if that's okay. >> if i were the ceo they would. i want to talk to you about olive gift carden and pasta past stay right there. son. >> do it. [laughter] >> tweet storm from the president is not just about about terror wait until you hear what he's saying about espn. to guess to cover that particular story johnny former baseball star i'm going to ask is him a controversial question which team did he like playing for most? yankees, red sox, he played for both there's a controversial question. now here's a big deal google in talks with über biggest rival lyft considering a billion dollar investment that could be bad muse for über. more on that coming up, of course. look at this too. wild scene in beckly last night fell that proesters trying to shut down a speech by ben sham
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row the speech did take place but you're not going to believe how much berkeley spent on security at that event. we'll be back. copd makes it hard to breathe.
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>> at least nine arrests last night as protests at berkeley at appearance of former breitbart editor ben shapiro. berkeley spokesman said security measures could cost 600,000 dollars. coming in arkansas governor mike huckabee. i can't believe this. berkeley is the home of the free speech movement and they've got to spend 600,000 to protect free speech. incredible. >> yeah. i think ben shapiro is probably wishing that was his honorary for speaking at berkeley. good heavens stuart what's happened to berkeley by the way i was on a plane yesterday and seated next to me was a professor from berkeley, and let me just say he's an old guy about my age. and we're talking about the fact that you know in the 60s when
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we grew up berkeley was the center bed of spree speech it was the very origin of the free speech movement and what these young snow flakes just don't get is they melt every day because they've got triggered by something somebody said is that -- the best way to combat speech you don't like is to let there be more speech that's how it works. smg what did the elderly professor from beckly say to you? >> he rolled his eyes with disgust because he can't believe that these students at the school where he teaches are totally clueless about what had freedom really means so i appreciated the fact that -- you know, he embraced the notion that free speech means that you listen to people that you don't agree with. or even like, but that's part of the whole idea of freedom. and then you can truly understand why you don't agree request them and why you don't like them but you can't do that if you shut them down. >> by the way, the speech last night ben shapiro who is jewish --
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he's orthodox observe they call him a neothat p nazi. >> ignorance, the ignorance on the part of the far left is just stunning and there's a great example of it. you go and you pick on a person who is observant jew and say neonazi. >> never heard of mario who led the movement in 1963 okay. one more quick, london terror attack this morning after it the president tweeted this, that travel ban into the united states should be far larger, tougher, more specific, but stupidly that would not be politically correct. your response to that, governor. >> it wouldn't be politically correct it hangt within, and you have goofballs 9th circuit who don't understand that americans aren't anti-immigrant. but they want to have some role in knowing that the people who come here aren't going to do something like put a bomb on a subway for gosh sake.
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people just want their government to protect them. not live their lives for them but protect them and it if government doesn't do that, it is really lost the right to govern. >> over governor don't you know you're islamafobe. i've been labeled worse and will be again so there be it. >> you will will. [laughter] stuart: huckabee a pleasure to talk to you. appreciate it. >> thanks stuart. you should have seen the response yesterday to our -- our story a segment actually ons unlimited pastor bowl at olive guarden remember 100 bucks gets you all the pasta you can eat. i don't see why that is such a big deal. i don't understand why it is a cultural phenomenon. but you used it seeing response on facebook to segment yesterday. well guess what because we've got such a huge response we're going to qont helicopter with the story after this. >> oh, my gosh.
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across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. >> breaking from news about the retail ice age they make and is shoes for chapter 11 to restructurens froms and close 74 of their stores hoping to focus more on e-commerce. that's had the story on that bankrupt. something fun for friday yes it
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is end of the week heated in a jokey way on the set yesterday. over the olive garden never ending pastor past. roll tape. >> look, it's not such a big deal. pg i first of all you can't sayt right it is so unamerican that you doapght love this olive garden is phenomenal. >> i don't care for pasta. i don't care for it. you can't pile it into -- wrap it and -- do it. >> not buying it. you are unamerican it is delicious. what is wrork with you, stuart varney what is wrong with you? >> my last night ends many a vowel sound varney. it was a jokey sort of thing didn't i? enjoyed it didn't we? andy what do you think about the all you can eat pasta for $100? >> court ancestry.com i'm about
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15% italian so i have to side with melissa i think that -- i think pasta is wonderful i think it is better the day after you actually you can take it home and i think olive garden does a very good job with it. they coming up with very tasty stuff so god bless them, and i home it is real successful for them. >> leftover pizza for breakfast next day, works it works for me not that i ever eat it. [laughter] >> recall leftover pasta. heat it up a little bit next day. >> absolutely right. is that what you had for breakfast this morning? >> no, i don't eat before i come on just so that i can talk more arctic latly and not fall asleep listening to myself i try to stay away from breakfast so -- [laughter] >> i'll bear that in honked. andy thanks so much indeed we always appreciate it. thanks so much. all right now where with are regoing to open? it's a friday morning. all kind of news in the back drop today yet terror in london launch at the missile discussing
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middle class tax cut and may be a deal daca dreamers may ?ai return for building wall all of that in the background and we're going to open ever so slightly lower. please remember yesterday we closed out 22,203 that was the dow jones industrial average. that's a new all time high. despite all of this stuff that's going on, we still hit a record on the market yesterday. well, we'll open pretty close to that all-time high this morning down 10 points. we'll be back in a moment.
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(baby crying) (slow jazz music) ♪ fly me to the moon
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♪ and let me play (bell ringing) (audience cheering) stuart: friday morning, i've got a full minute, 60 seconds before the market opens. i'm not going to sit here and tap-dance, no i'm going to go to the pasta bowl. i'm tap-dancing. right to my left we have with us no other than jeff zika, who is a jersey boy. italian-sounding last name, are you italian? >> 100%. >> first thing people have to realize is the alive garden is not italian food, the all you can eat pasta pass is more like a punishment than anything good. stuart: whoa.
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>> they could say all you could eat, i -- olive garden. stuart: the stock is going to go down. guess, what i i think we turned around. ic we are going to be up just a fraction, just a fraction. i'm seeing a lot of green. look at that. liz: look at that. stuart: that's a pop, ladies and gentlemen, 47 points, we were not expecting that. i usually get these things right, totally wrong, stu, totally wrong. 22,248, ladies and gentlemen, plenty of green on the left-hand side. keep on going. s&p 500, where is that? i think it's up -- yes, it is, no, it's not. it's down. something in those dow stocks that's pushing this market up that's not elsewhere in the s&p and the nasdaq. so individual stocks which have gotten news behind them, three women have filed a lawsuit against google, alphabet, that is, accused the company
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discrimination against female employees, underpaying them, denying them promotions, no impact on the stock. equifax down 3 and a half percent. a security company says the company had a patch they did not install it. ashley webster is here, elizabeth mcdonald and jeff zeka and scott in london. [laughter] stuart: why is this market so resilient, terror in london, noko's launching missiles, what's going on? >> the number one thing is behavior has changed fundamentally and the money that's been out. there's always been a basket full of cash to catch a falling market and slowly but surely
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investors have gotten to expect this. that's the dangerous bit. we have a lot of things to work about. deutsche bank put out report that this is the most boring in years. a 1 or 3% selloff will be stopped, it will only stop happening when it stops happening. ashley: boring, maybe, check out 401(k), i will take boring every day of the week. stuart: give it to me. liz: retail sales came flat to the downside. still the market is popping. stuart: we did not expect that, futures did not predict that? >> ignorance is bliss. that's been the theme of the market and that's going to continue to be the theme of the market. >> thank you, thank you. >> what i find amazing is there are very smart people that have gone bearish, quietly gone bearish and not talked about it
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and the fact is this is a psychology, momentum-driven market and as scott said, central bank and tax cuts are going determine the future of this market. stuart: fascinating, a flood of money waiting to go into some place, some of it will go into stocks. ashley: the money goes back in. >> that's going to buy bond with 2% yield. nobody is going to buy them. they've been starved out. stuart: i have to get to alphabet. otherwise google, a billion dollars into lyft, that's a big uber rival obviously, jeff, you're an investment guy, this seems like a great combination technology and lyft. >> google had money in uber but uber came out with the self-driving car concept and that really ticked off the
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people at alphabet. this is really a sign of retaliation against uber by investing in lyft. i think the dynamic is fascinating. the self-driving car is a big deal to uber. stuart: so it's all about self-driving cars and not about a ride-sharing service? >> no, this is all about self-driving cars and alphabet feel like uber slapped them in the face and this is retaliation. liz: you know what alphabet has, ways. uber is at 68 billion, even though 10 billion from soft bank but ways carpooling service launched in california. stuart: scott, what do you have? >> i want to say, where is this self-driving car idea come from and it's coming from washington. obama put a ton of cash to a side to go down the road and some of the technology companies are help washington stoke the
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flames. let me tell you what, folks, 27 states, truck driving is the number one drive, driving something is more jobs for people that don't have a college degree, only high school education. overnight, washington is trying to put 8 million people out of work because they like the idea. all the cars that we are buying today going to be obsolete in 3 to 5 years time, we should take stock in this idea, check ourselves and really think about where we are going with this. liz: very upset about it. stuart: well said. on that note, facebook's cheryl sand sandberg said facebook is not going to be involved in self-driving cars. she said, facebook is not going to touch that one. ashley: no. stuart: that's an interesting idea for the future. are we all going to go to pubs at some point, i don't think so. >> there's another factor with this -- with facebook not getting into self-driving cars. they've made the commitment to germany that they wouldn't get in self-driving cars.
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they have 30 million customers that are online on facebook and keep in mind what germany did, what germany did is germany is imposing fines on companies like facebook up to $50 million if they don't remove hate speech from the site. so facebook really does not want to ruffle the feathers of germany and they are making a very smart decision by staying out of the car industry. stuart: very interesting. what's going on is fascinating. we are holding to 30-odd point rally for the dow industrials surprised given the backdrop. look at oracle for a second. a weaker forecast there. software company, of course, it's down 5%. they're not growing much in the cloud we understand, whatever that means. but oracle down 5%, i think that's a dow stock? no, not a dow. ashley: i don't think so. stuart: not a dow, not affecting
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the overall market. we have jenworth financial after virginia regulator approved china ocean wide deal to buy the company. up 1 and a half percent at 4. boeing adding 10 points to the dow's gain, boeing is a dow stock. it is up again, 247 on boeing this morning. talk about the amazon effect, morgan stanley says that whole foods which has been bought by amazon can attract 25 million customers by the year 2020, whole foods sales could rise 12% at annual rate, at the moment, by the way, they have 12 and a half million customers, double says morgan stanley by 2020. of course, that will put pressure on kroger and the other super markets. >> it does, here is the one thing, is that amazon prime has -- they don't release this but they have around 60 million or more subscribers to amazon prime. they will get the discounts and the biggest argument on organic
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foods has always been the cost, now kroger and the other groceries, grocers have to realize that they are going to have to lower costs, reduce margins to compete with whole foods, this is a tremendous advantage with whole foods with the population moving towards organic foods and not being able to get these organic foods but less expensive. by the way, be looking for -- for amazon to buy another major grocier. stuart: really? >> yes. >> deleting negative reviews of hillary clinton's book. >> she's getting 5 out of stars -- 5 stars. we saw split and then the other half was 5 stars. she shouldn't be getting five stars, people started looking into it. amazon came out and said, well, we do do knock out one of the
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star-reviews if they don't comply with community guidelines, we don't want the many dreading out the voice of the few. stuart: amazon is owned by jeff bezos, the founder, big chunk up there. last word to you, scott shellady in london. >> i hear a little bit different stories than you folks do back in the states. i can say that the word here is that when it comes to amazon ratings and hillary clinton's book, what happened, there is an underground excuse saying that it was probably the russians that got involved and started deleting negative reviews. stuart: how about susan rice, was she involved? i don't know. scott shellady and jeff sica. thank you, gentlemen, great see ing you again. we got up some more.
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liz: look at that. stuart: looting in tampa during hurricane irma, somebody, these guys drove a truck into a store robbed it blind, the city of tampa is offering a reward to catch these guys. ashley: smash and grab. stuart: not quite the same. look who is walking to the studio, whoa, whoa. liz: whoa. stuart: you know who that is? johnny damond. who do you prefer? >> i'm hoping the yankees get back in the playoffs. stuart: we will be back, everyone see a breakdown of costs.
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what? it's just.... we were going to ask about it but we weren't sure when. so thanks. being upfront is how edward jones makes sense of investing. the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try parodontax toothpaste. ♪
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22,232. then we have jet blue, wait for it, recruiting new pilots. no experience necessary. you have to explain this one. nicole: maybe you want to fly a train, they are going to train, you four years of training. you'll be in the classroom and you'll get 1500 real hours of flying. there is a catch, it's $125,000 and you do have to be 23 year's old and have a high school diploma and right now jetblue is down. stuart: if i front up to jet blue with no experience, i have to pay them 125,000 bucks, then
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they'll train me to be one of their pilots, that's how it works? nicole: that's pretty much it. you'll get paid in the end once you have real job flying, you have to fork over 100 grand to get this training. stuart: i'm glad we got that in there. look who is here. baseball star even i know this man, johnny damon who played for the red sox and for the new york yankees and you're on for various reasons, a, you're a star, and b, you have game spark, spark. >> we will be going to yankee stadium and playing with troops over in iraq and afghanistan, pros versus gio's, anything for the military. my dad was in the service and, you know, i try to bring smiles to their faces and have them compete against world champion.
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stuart: i'm looking at the screen. >> i'm catching the ball. throwing it. yes. stuart: virtual reality game. if i'm wearing head sets, goggle things -- >> it's amazing. the game is called spark, police station, v sports, virtual reality, it's so incredible from where we are now. i waited for this when i was a kid and now it's here and now they're just going to take it to the next level. i mean, it's just tremendous. stuart: if i have one of the head sets on and i'm looking into the head set and i have my bat here, do i get a pitch coming at me like a major league pitch? >> one day, they're working on it and if you want to face the best pitcher in the game, corey cloover or chris, you'll be able to see how the pitches are. that's coming up in the near future. but this is tremendous, you put it on and all of a sudden everything is out of your picture and then you have
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certain games all over the place. i mean, i love it. stuart: a perfect match between sports and the virtual reality. a match. >> absolutely. now you're going to have a lot of gamers who think they are athletes out there and if they beat guys like johnny damon, they are going to brag to their friends. stuart: part of the deal b. >> part of the deal. i think it's great. the future is bright. stuart: i'm going to get serious for a second. president trump has been tweeting, blasting espn. he tweeted about it this morning, johnny. espn is paying a really big price for its politics and bad programming. people are dumping it in record numbers, apologize for untrue. give me your opinion on politics in sports because i haven't a clue what your politics are. >> yeah, as far as politics in sports, i'm on the sports channel wanting to watch sports, so if politics come in, it's
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like mtv, it used to be music television, all of a sudden there's no music. stuart: you at a trump rally. >> i am a trump guy. stuart: but you don't bring it on to the field. >> you can't brag it about anymore because people will definitely hate you but, you know, everyone has the right to an opinion which she thought she did. she apologized, but it's -- it's a fine line. i would rather sports talk about positive things. j.j. watts, talk about michael bennett and what he did to stay alive when he was handcuffed. teach people instead of dividing people because -- stuart: inspire. >> she's reaching out to her audience and telling people it's all right to do that when we are trying to all come together and if people aren't trying to come together, that's not the way to do it and i'm a big believer and
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if you talk things out, work things out, look at the positive in things, things are going to get better and slowly but surely, i think people are starting to -- stuart: i have to ask you, do you miss it? you walk out the tunnel, you jump in the dugout and the crowd is roaring, johnny damon is on the field. do you miss it? >> i definitely missed it the first year. i have eight beautiful children. stuart: you have eight children? >> yes, we just went through -- [laughter] stuart: you're one of the few people that ever had more kids than i've got. >> we went through hurricane irma, i flew last night. and the storm was a big b. that storm would not leave. stuart: did you evacuate? >> no, orlando is probably the best place to be. that's where most people were heading to because we have the
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hotels, we have good infrastructure, so -- stuart: i have to ask this question, you played for the red sox. >> yes. stuart: you were known as jesus because you had long beard. >> and other stuff too. stuart: you played for the yankees. they have a no facial hair rule. which would you rather play for? >> oh, my god, that's such a tough question. i enjoyed playing everywhere, my type of play became a fan favorite everywhere i played, you know, the honesty that i told the reporters, the -- winning a championship in boston after years is definitely the highlight of my career. stuart: you won world series with the yanks. >> absolutely. stuart: you haven't answered the question. >> i would rather be the underdog and play for the yankees because people have been counting them out saying they don't have a chance.
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they have a great young team and built for the playoffs. they have a great bullpen and guys who can hit home runs at any time. stuart: you know what you just did, you made news in new york, nasty news. [laughter] >> yeah, you're right. stuart: did you enjoy your appearance on a financial program this morning? >> i love it. yeah. i love fox news. [laughter] stuart: you're a star. we appreciate you being with us. >> thanks for having me. stuart: thank you, sir. dow jones average is still up, 32 points, lots of green on the left-hand side. and this, florida power and light say just over 1 million customers are without power. it was nearly 4 million out of power two days ago. 4 and a half million, now it's down to 1 million. i think that's pretty good. more of the storm in a second. ashley: yeah to make something. ...has grown into an enterprise.
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stuart: hurricanes, residents of texas and florida battling heat, humidity and, yes, mosquitoes. doug seagal with us now, you're in florida, you're elderly and no electricity, high humidity and intense heat, giver them some advice, what's the first thing you do in that situation? >> first thing is recognize that you have a huge problem if
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you're over the age of 50. stuart: i'm sure they recognize. >> that's when all the heat deaths occur over 50 because you don't sweat as well or on medication or chronic diseases, you heat up very quickly. you don't have running water, if you have running water, if you have bottled water, you use it, cold compressors. they have popsicles now. you have to get out where you are. that's why people are dying and rushed to the hospital. find out where in your neighborhood that is cooler. there are hospitals in the neighborhood, what happened it was a disgrace in hollywood. there was a hospital across the street. they didn't evacuate them. you cannot say in your home if you're elderly. stuart: rule number one, get out and get cool somewhere. >> get hydrated because you are going to get dehydrated. if you're elderly and you don't have running water, and it's hot, you to get out of where you are, right away.
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stuart: switch stories, switch locations, houston, texas, i think they have a mosquito problem with standing water, what are they doing about it? >> a lot of mofng toeses in the area that breed west nile virus and zika is going to be a problem that affect pregnant women, they have the mosquitoes there. the u.s. navy is there with cargo planes spraying, the key to mosquitoes in standing water and debris and this kind of swamp area is to spray. the united states navy was called in to spray. the entire region is going to have to be sprayed several times. stuart: ouch. good point. doc seagal. susan rice, president obama using power in 2016 election to spy on opponents and undermine the trump team. yes, it happens, aren't with rea constitutional republic? my take in a moment ♪
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political scandal has taken a backseat during harvey, irma, stock market records, let's reverse that. there's been a turn, a new development, now appears that the obama administration did, indeed u use the machinery of government and all its power to attack and disrupt its political opponents. susan rice's who was president obama's adviser was spying in the incoming administration. that's not right. as she was doing that, leaks appeared in the media which started the russia, russia investigation and look at all the disruption that caused. revenge of the losers, maybe. at the time, president trump told the world that the obama team had been spying on him that
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was dismissed out of hand, but he was right. at the time devin nunes, house intelligence chair told the world that obama officials had been revealing names, he too was dismissed out of hand and he too was right. let's not forget the 2012 election where the irs was used to intimidate president obama's political opponents. they got away with it and plain susan rice will walk away from her spying activities too, just like she did with her deception over benghazi. she knew it wasn't a video that caused it. a disturbing picture ask emerging here. the obama administration used its power to secretly damage its opponents and to undermine the incoming trump team. they try to take the moral high ground, they are so pure, in fact, they've dragged us down. we are a constitutional republic, not a banana republic. second hour of varney & company is about to begin. ♪
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♪ stuart: london terror attack this morning. president trump is addressing it and weighing in on the explosion and underground in london. let's listen in, please. sorry, it's coming into us. we will have it for you momentarily. i just got the latest read on consumer sentiment. liz: coming in better than expected. 95.3. it takes into account impacts of hurricane harvey and irma. people are still worried about inflation. here is the positive, they are feeling better about their finances, consumer sentiment staying in the up trend, though, there's been improving since the president won in november, up trend line. >> they had a pretty favorable outlook and the outlook is maintained. it's still positive. liz: positive. stuart: not any kind of boost to the stock market. we are up 22 points but that's, you know, respectable gain
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special whether i when you say 22,225. eric, do we have the tape yet? okay. we are waiting on that tape from the president. he did address the london terror attack earlier this morning. >> i do have breaking news on that. apparently from london, security sources have now identified the suspect involved with attack with the help of cc tv coverage. stuart: in london subway there was an explosion, caused fire, caused injuries, massive disruption, it didn't explode as planned, partial explosion. ashley: which is very important because they will be able to get a lot from dna, those types of things would have been preserved from the device, not even sure if explosives, regardless they do have suspect identified. so massive manhunt underway in london as we speak. stuart: let's not forget the disruption that's involved here.
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right in the middle of how shall -- rush hour. trains jam-packed of commuters. >> ironically i used to live right there. that was the train i used to take into the city every morning. it is packed. absolutely packed. so the thought of someone leaving a device like that with a timer, by the way -- stuart: level of sophistication. liz: southeast of westminster. ashley: southwest. liz: got it. stuart: you have seen the map, it's the green line. the district line. that's the one that was hit today. next case, north korea did launch another missile overnight and it flew over japan, went into the pacific ocean, didn't cause any damage but there was a widespread alert throughout japan on people's cell phones that that alert a letter, the sirens went off. no code missile overhead. you
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know anything about japan and korea are bitter enemies and right through spent day. secretary steve mnuchin threatened to cut trade with china. assistant secretary of public affairs at the treasury. is the treasury going to follow through on the threat made by secretary mnuchin, anybody who trades with north korea takes a hit, is he going to hit china? >> we already have put sanctions, stuart, and very good to be with you and your panel and all of your viewers. the secretary has already used sanction powers to apply to a chinese bank and if there are more that we identify, they will be sanctioned as well. so -- stuart: nobody is off the table? >> nobody is off the table. prioritize national security and we will use all the tools at our disposal to do so and you're absolutely right, the secretary has reinforced the idea that if you are going to be a trading
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partner of the regime in north korea that we will reevaluate trading relationship with you. stuart: at some point you have to do it. you can't just say, well, if you launch that missile one more time, you can't say that anymore, they keep launching. >> we've done it. we've done it already with china. first time it's ever been done. stuart: tony, can we expect even hasher sanctions on china very soon? can we expect that? >> we don't telegraph sanctions, stuart, for a lot of reasons as i'm sure you understand. you understand that we have made a clear point that nothing is off the table and we believe very strongly in the economic sanctions power that come from treasury. stuart: okay, i want to talk about tax cut package, the middle-class tax cut package. you're smiling because i knew i was going to get on it eventually. >> favorite topic. stuart: that's right. the president wants 15%. secretary mnuchin i think wants
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15%. gary cohn wants 15%, can you get it? >> look, we think 15% is the most progrowth number that's going to make america number one and competitiveness as far as tax rate around the world. we have been at 35% while most of our trading counterparts have been in 15 to 20%. clearly our goal is 15. we need to get it at most competitive rate. as you know, stuart, this is a negotiation with congress, we respect very much the opinions of senators and others. stuart: a negotiation with the democrats, the democrats don't want 15%, they want 20% and higher because they want to punish business. you have a problem there. >> well, look you'd be surprised, stuart, if you look back recently two years ago, chuck schumer was supporting big cuts in corporate tax rates because even democrats understand that this is where job creation comes from, reinvestment comes from and we
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have enabled the model for over 30 years, incentivized is completely counterintuitive, that's why you haven't seen paychecks go up and meaningful jobs as far as good-paying jobs. we need to as american system change the idea and make it an american model as the president -- stuart: before we close, i'm going to make the point that you will get, four, five or even six democrats that would go for 15%, there's the good news of the day. tony, i have to break this up because i have developing stuff coming into me now, tony seig, thank you very much, indeed. president trump did make statement on london attack, roll tape, please. >> it's a terrible thing. they keep going and going and we have to be very smart and we have to be very, very tough which perhaps we are not nearly tough enough. that's just an absolutely terrible thing and, in fact, i'm going call prime minister right
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now. [inaudible] >> yes. numerous things happened including north korea. [inaudible] >> we have or the tougher and we have to be smarter, thank you. stuart: by the way, the young man right there that you saw mowing the lawn in the white house, he volunteer today -- volunteered and mowed the lawn. i did catch at the end, we have to be tough, we have to be tough. ashley: we have to be tough and smart. liz: he's going to call the prime minister, theresa may. ashley: theresa may who is a little upset with him right now. stuart: mend some fences right
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now. ashley: yes. stuart: congressman from ohio joined us many times on the issue of middle-class tax cuts. i've asked you so often are we going get it, are we there rret, are we there yet, you always say, yes, are we at least closer now? >> stuart, i hope so. i have been saying we are there and we have to get there. we can't keep pushing this off. we have to get corporate tax rates down, businesses are leaving because our corporation rates are too high. i heard you earlier, 15%, i love 15%. i had a plan that took it to zero because i believe we have to reduce tax rates as low as possible to be competitive all around the world. stuart: it's all about vote, isn't it? you don't have the votes to go to 15%, don't have it. >> well, look, i don't know what we have. the problem is we have to talk about it. we have to get consensus, we have to be willing to talk why we need to get to 15. it's difficult to throw numbers out. that's why i love to have hearings where we say what would make us the most competitive
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country in the world. i'm not happy at 20 or 25 or 22. but i do know that at 15 we can start to become competitive. we should be at least talking about and seeing what it does to deficit, well, it would blow a hole at the deficit, well, what it would do for growth and opportunity for businesses to come here and grow in the united states. i think that's what's important. stuart: the president is saying to the republican party, hey, come on, get it together. give me a plan which cuts taxes 50 votes guarantied in the senate, two in the house. the ball is in your court. can you come up with that plan that does have those votes? at the moment, i don't think you can. >> well, today my biggest concern is there are six people working on it instead of 60 people working on it. you have to build some consensus, you have people in ways and means committee that could help build the consensus. we will continue -- stuart: how
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much time do you have? >> we don't have a lot of time. i've been in washington for 6 and a half years, i got fed up and try today build my own tax plan because i'm so frustrated. we have to get this done and i think the answer is with just six people working on it it's going to take some time. there's consensus that needs to be built, we are going to start that next week on the ways and means committee, but we have to get this out. stuart: you're right. but if you don't, the president just turns to democrats and says, all right, what can you give me. >> in the end the president can't just deal with democrats either. we have to do it together, we have to come together. the president can't do it 100% with democrats. stuart: he can get enough moderate republicans, joining with enough moderate democrats to form a new coalition to get this done and that's what you're facing. >> i agree there, stuart, i said if you take the french to the right and french to the left, bring center. stuart: if you can't do it, i keep interrupting you, i know i
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do. that's what he's telling you. >> well, that's where we should go. i said that all along. i'm one of those guys that's not far right or far left, i'm in the center and that's where we need to get things done, now when i say center, i'm talk about doing the right thing for the american people and moving the ball forward. we have to be able to work together to get things done. stuart: congressman, you've been a frequent guest on this program, i always put it to you, you always respond, we appreciate that. thank you, sir. appreciate it. >> thank you, stuart. stuart: okay. you angry birds, the creator of rovio entertainment priced ipo, they are going to go public, valuing themselves at a billion dollars, a billion less than shareholders were hoping for. there's the sting right there. begins trading in the nasdaq on october the third. all right, here is what we've got for you.
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berkeley, you won't believe this. berkeley spent $600,000 on security last night because conservative speakers ben shapiro was in town. that's it takes to safeguard free speech in the home of the free speech movement. can you believe it? florida steel reeling from irma. curfew at the beginning to have week to deter looters, it didn't stop the thieves who broke into the store with the a truck. the mayor will join us later this hour. you are watching the second hour of varney & company you know who likes to be
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stuart: i want to show you a little bit more of on a friday. ashley: there you go. stuart: 11 year's old. he runs a neighborhood loan-mowing business.
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he offered to offer the white house, the president accepted and let him work with the white house grounds crew and the president surprised him with a special visit. showed up and did a high-five. liz: cutest story i have ever seen. stuart: he has a business. [laughter] stuart: it's a friday morning. there's the president. the dow industrials nearly 20 points higher, 22,223. look at caterpillar and boeing, they are both dow stocks and both of them right now at all time record high. how about that? how about this? protests at berkeley last night as the speech by former breitbart editor ben shapiro took place, he's a conservative. one of the nasty conservatives, nine people arrested. maybe more. but here is the point, $600,000 were spent by the university on security. come on in scott, economist for the daily caller.
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i find this incredible that the home of free speech, the home of the free speech movement, mario, i remember the guy, you don't, i do, spent $600,000 to make sure we got free speech. i find that incredible, what say you? >> yeah, that's pretty incredible. it's pretty ridiculous in the country that it costs so much to ensure a basic right that should be for all americans. i shouldn't cost $600,000 for you to give a speech about center conservative talking points about standing up for the constitution, wanting limited government. these are standard mainstream ideas. this is not white supremacy or the alt-right or anything like that. this is pretty standard stuff. they even think that's fascism. this is how ridiculous it's getting. stuart: ben shapiro is observant orthodox guy and people called him neo nazi. i want to know and i don't know
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whether you know the answer to this, who paid the 600,000 bucks? >> that comes mostly from the city. some of it comes from the school. this is a huge economic burden on the city that they have to pay for that. i mean, they have to provide that security but berkeley has had such a public relations nightmare this year -- when they have not defended free speech, you look in february where they allowed to riot to shut down milo. april trump supporters and antifa fought it out with no police in site opinioned five trump supporters and people got hurt. they've had so many pr nightmares when they did not defend free speech that they decided that $600,000 was worth it to actually stand up for the constitution. stuart: they are not prosecuting the people who showed up -- not last night, but previously. they are not prosecuting the
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people who caused the violence. they basically just let them go. >> yeah, that's absolutely right. there's nothing, any arrests made for riots in february when people got hurt. there's only a few arrests at the battle of berkeley in april and i don't believe there were any arrests for incident that occurred last month. so this is something that berkeley decided we are going to take action on because we are losing money off of this, anyway, even with the 600 we have to pay 600k we have to pay now, we might as well stand for free speech at the moment. stuart: that too is shameful. because if they're reacting to the economic pressure on them, rather than the principle of free speech that is disgraceful in my opinion. i will give you the last word, 20 seconds. >> cities throughout america that are actually going to stand up for free speech. we hope that other college campuses stand up in the same way and actually deploy police and keep everyone safe. stuart: wouldn't we like to see that? scott, thanks for joining us this morning. appreciate, sir. all right, then we've got amazon
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under fire after deleting negative reviews of hillary clinton's book claiming they weren't legitimate sources. we are all over that, i promise you
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that's how you outmaneuver. stuart: new reports and it claims amazon hid negative reviews of hillary clinton's book, what happened. simplify this u liz, did they got rid of anything negative? liz: basically, these reviews didn't meet its own community guidelines.
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they are saying you can't just express dislike at hillary clinton, you to review the book. but it's not an edifying response. how do you trust that she's got merely 5 stars for her what happened book. they knocked out the one stars. ashley: manipulation. stuart: censorship. facebook is doing it. they are sensors out any kind of conservative opinion or opinion which disagrees with the left. that's what they are doing. liz: right, who is calling the shots at amazon on what gets knocked out? stuart: is it bezos and zuckerberg? i don't know. outrageous in my opinion. coming up the deal maker in chief, that would be the president working on a deal, that would be daca, yes, we will do it and we will build the wall, that's the deal, we will have a status report on that in a second
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stuart: it's good to hear the opening cord. liz: forgive me. [laughter] stuart: that was claudia making a guest appearance prior to her actual appearance. >> i'm gunning to take over the show. [laughter] stuart: you couldn't take the pay cut. all right, big tech names, let's see, we have the dow up 23, big tech names, look at apple.
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you can preorder iphone 8 and iphone 8 plus, you can preorder starting today. the stock is 159. all the other big techs down. president trump trying to reach to democrats to get bipartisan legislation, specially how about this for a deal, daca, dreamers, let the dreamers stay in return for build the wall. now, let's see what congresswoman claudia tenney has to say, she's a republican from new york state, welcome back. >> thank you, great to be on again. stuart: you hate it, don't you, you hate the idea that the dreamers will stay and build the wall? >> i want more. i want tax reform. with tax reform, we will get tax reform. remember what keeps me up at night. the wrath of stuart varney as i have promised tax reform before the end of the year. we have to get tax reform.
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stuart: what's the problem with getting something done on immigration, let the dreamers stay, it's not going to kill you and in return we do build the wall, what's wrong with that? >> let me be perfectly honest, daca, dreamers, it's a great bargaining chip. if we have the deal-maker in chief out there, he needs to get us what we didn't get, we didn't get repealing and replacing obamacare, we didn't get tax reform, we need to get those things. daca is part of an entire comprehensive immigration reform dealing with the 4 million people that are waiting to get legal citizenship, we have refugee program, we work with people on those ends, we have to preserve our borders, the wall is going to happen, the president promised the wall, we funded the wall, think about what we just did last week, 12 appropriations bills on regular order, first time happened since 2009, the house is getting it done. we have delivered on the entire agenda, the trump agenda, we even funded the wall except tax reform.
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we have to get tax reform done and we need to get the people, those three senators over on the other side to vote on health care and we have completed pretty much the entire trump agenda in the house. stuart: you've got to get -- not get rid of but you have to discount the conservatives on the right and forget about leftists on the left of the democrat party. get rid of them, move to the center and you can get something done. >> look what we did, though, the house, we couldn't -- we got the bill out the second time, who voted for it, the conservatives, the freedom caucus. who didn't vote for it, tuesday group. stuart: they pushed it too door fat right. gop has failed. >> no, we didn't. stuart: it's because of the gop. you could not get it done. [laughter] stuart: come on. >> you have to be honest for a
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minute, let me tell you what happened. we got the freedom caucus the conservatives voted, they voted for american health care act. what happened in the senate, rand paul, senator lee, senator cruz, all conservatives voted for the senate bill, they didn't like it but they voted for it. who didn't vote for it, who let us down at the last minute, the three moderates including john mccain who voted on much more onerous legislation before that and he put the thumbs down, hea had voted on that, should would have been two bargaining chips. those bills would have gone into reconciliation and come up with a health care solution. instead john mccain really gave us the thumbs down and he is a moderate, he is not a conservative. stuart: so is susan collins. >> we have passed all the things the president talks about, rolling back regulation, comprehensive changes to the va, to the military, rebuilding the
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military, all of those things have been done with the house, all of them except tax reform which is keeping me up at night because i want to get tax reform done so next time i can come on january 1st, the first week in january and look at stuart varney in the eye and say we got tax reform done. stuart: you're prebooking yourself? you're allowed to do it. >> i am? stuart: you are. >> we really need to stimulate the economy, obamacare is imploding, it's hurting all of us. i look at the vote in the senate as not just hurting the republicans, what it really did is it hurt the american people. they are hurting and they want it done. i agree with you on that but we have delivered. stuart: would you agree with the following, if the gop cannot get act together on tax reform, the president will do it for you by going to democrats and you will get something you do not want, you understand that? >> i think that's what the president is threatening. stuart: that's the situation you are facing.
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>> i agree. i agree. stuart: because if you can't do it, he will. >> with a pen and a phone? stuart: no. >> let's hope not. stuart: you promise? >> i promise. first week in january. [laughter] stuart: if not before. >> thank you. stuart: we do appreciate it. >> great to talk to you. stuart: okay, i'm going talk football, you may think that i know nothing about it -- i do know about football ratings. the nfl blames it on hurricanes in florida and harvey in texas, i'm not buying that. come on in, please, super bowl champ and author of liberalism, a long title, liberalism, i can't read it. it's a great title. [laughter] stuart: i love it. he joins us again. are you buying that that ratings are down because of the hurricanes rather than the --
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the taking the knee for the anthem and the flag? >> stuart, how are you doing? first of all, this is going to be a conversation that we will have throughout the year. in my mind u the least of my concerns is the nfl. it's going to take -- we have free market. my concern is message they are give to go black americans, those at risk who want hope in this country but because of their focus and what they allowed to happen, antiamerican sentiment they are losing the hope. i could care less about nfl. the commissioner will one day be fired or resign and they'll move on. the impact of my community is what i'm looking for right now. stuart: i also want your take on this, the president has been tweeting about the espn situation, here is what he said, espn is paying a really big price for its politics and bad programming, people are dumping it in record numbers, apologize
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for untruth. i think this fits into your critic of black athletes leading people down the wrong path. what do you say about espn? >> well, as we learn our history, the reason why i could care about kkk and white supremacists, my parents generations kicked the butt of these guys by succeeding, we led the country and the growth of the middle class, led the growth and higher education, we were doing what we need to do, my concern right now are those, the black elitists, live the life of america, they have the great homes, great education and they tell other black americans they can't do it. this to me is where the problem is. i call them the parasites because they suck the heart and soul and hope of black communities and leave nothing behind as they move on and live the american dream. black americans are coming to aid, we will be there so young
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men who become successful understand what they do and how to give back and not take from our communities. stuart: what's the reaction to you as a black man saying this kind of thing, because all i hear is liberals amongst the black community making their point? how do they react to you when you make your point? >> what i love, stuart, is that i'm finding out that there are mr. black american that is feel the same way i do. i feel less those who don't really care or don't educate themselves, 30% believe in the american dream and believe in our country, we need just a few of us to pull back those who are concerned about a community from a democratic party and we will win, so i'm excited about where we are right now. we are having the conversation we are having and at the end of the day, we have loyalty black class that's truly our enemy and those are the ones that can either divide or call other people with no shame racists
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while they vote for every antiblack policy down the pipe. keep in mind, the misery is in black communities controlled by black democrats. that's our problem. not the white americans, but those who take the trust and betray us. stuart: would you tell us again the title of your book because i like it, go. >> liberalism, how to turn good man into whiners, weaners and wimps. my dad's generations they were not whiners, winners and wimps. stuart: come again soon. >> i appreciate you, guys. stuart: governor scott giving power update, they have made a huge strides in hooking people up. check this out. smash and grab in tampa, people, the thieves basically took advantage of the storm, rolled up a truck and just robbed it blind, that's exactly what they did. we will have more on that in a
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moment.
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ashley: alphabet/google is considering a billion dollar
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investment in lyft, all about self-driving cars. last hour we spoke with scott shellady and guess what, he wasn't that impressed. >> where is this self-driving car idea come from and it's coming from washington. obama put a ton of cash to the side to go down that road and some of the technology companies are helping washington stoke the flames. but let me tell you what, folks, 27 states truck driving is the number one job and number one job driving something. overnight, washington is trying to put 8 million people out of work because they like the idea. i mean, are all the cars that we are buying today going to be obsolete in 3 to 25 -- 5 year's time. i think we need to check where we are going with this i count on my dell small business advisor
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for tech advice. with one phone call, i get products that suit my needs and i get back to business. ♪ stuart: what you're looking at there is a robbery, people are taking advantage of the devastation of irma. he's not like a mob running through the streets and looting as they go. they took a truck and bashed into the building and jumped out and looted the building. i'm calling sophisticated looting, bob is with us, the mayor of tampa and joins us now. welcome to the program. that is looting whether that kind of looting or just running down the street and taking stuff
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out of stores, has it been a problem in tampa? >> fortunately not much, stuart, we had about a dozen cases, we look at them more crimes of opportunity as oppose to looting in a traditional sense. we put a city pretty early on the night of the hurricane arrival and we put a thousand police officers on the streets as soon as the wind died down. we sent a message for scum bags that you just saw, that we weren't going tolerate it. stuart: tell it how it is, your honor. >> i tend to do that, stuart. stuart: yes, you do, sir. after harvey in houston we saw sign, private signs outside of on the front yard, you loot, we shoot. anything like that coming up in tampa? >> well, we haven't seen any as colorful or explicit as that, but, you know, this is a state that believes in the second amendment and there are folks
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here who are more than capable of deterring these fine young men that would choose that path, we haven't had incidents of that, mainly truly crimes of opportunity and i will tell you, there really is a special place in hell for those who would take advantage of people in these circumstances. what we are concerned about right now, scam operators and con man are trying to prey on victims of the storm with, you know, roofing scams and tree scams, those are at this point more our higher on our list of people to deal with. stuart: the other big problem is getting getting the power restored to the people of tampa. we heard this morning that in the state of florida is down to 1 million households that still lack power. that is an enormous improvement from two days ago when it was 4 and a half million without power. what's the situation in tampa?
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>> stuart, yesterday was a good day for local power company, the first two or three days they had a big, big backlog of -- of power outages. they've really made significant progress. they've brought linemen in from all over north america, i think you're looking about a day, day and a half more before all the power is restored but as you well know, middle in september, a day in tampa without ac is not the most pleasant day. people get antsy, they get frustrated. food is rotted, particularly in low-income whar -- areas, we are aggressive in feeding them. stuart: i think that's the right word to use. overall, a successful response to disaster and a heartwarming response from people of florida and tampa. i have to say, congratulations, your honor, you have done a great job, good stuff, sir.
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>> stuart, thank you. credit goes to the people who rose up and did the right thing. stuart: i'm moving to equifax, down 2%, 3% loz. that's where equifax is at this moment. anymore on that? ashley: we hear from an industry coding company announcing that they was a floor that gave access, possible access to data, the warning went out in march, they offered a security patch, according to this company equifax didn't act on it, two months later the data breach occurred, began in mid-may, they could have fixed it in march exposing 143 million customers accounts and we know what happened beyond that. the question is, why they didn't install the patch, they are not responding to that and there's elizabeth. liz: there's no accountability for our data anywhere. there's no accountability and all of our stuff is out there. stuart: you're right. ashley: now elizabeth warren caused -- began investigation
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with 11 other democrats. once they will introduce bill ability to freeze credit for free. all sorts of things coming out of this, equifax had a lot of serious questions to be answered. that's just the latest. stuart: the thing is down 40%, i believe, now, it was 30%, now -- it keeps on falling. ashley: yeah. stuart: 40% in a week, that's bad news. charlie daniels launching organization with the goal of meeting all veterans needs. it's a good story and we will bring it to you after this. look at the market, up 40 points. we will take don't let dust and allergens get between you and life's beautiful moments. it.
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ashley: our next guest has dedicated his time and effort to help veterans groups. he's manager of country music hall of famer charlie daniels an great city of nashville, let's begin with how does your project help veterans, what do you do? >> good morni civilian
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life. ashley: what is the biggest challenge in that? >> well, the biggest challenge is to one, engage the veteran, help to be self-sufficient and coming to a different environment. what we try to do is look at them individually and see what their needs are and try to implement those. ashley: so i know that charlie daniels, i traveled with charlie to germany where he performed for the troops. i know it's near and dear to his heart. we are showing pictures, charlie daniels, it's really important to him, isn't it? >> it's very important. he's a great patriot. i was actually on that trip with
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you. ashley: okay. there you go. it was a wonderful time. >> charlie is such a great man, he's a great patriot, it's through his commitment to the men and women that serve this country that the journey home project was founded and has grown to what it is today. ashley: very quickly f people want and it's a good time to give. ashley: it is, indeed, we thank you for your efforts, david corlew from nashville. thank you so much, david. we really appreciate it. >> thank you, ashley.
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stuart: this morning north korea fire off another long-range missile. it flew right over japan. also this morning a terror attack on the london subway. a device failed to explode properly, but it caused injuries, a fire and widespread disruption. no reaction on the stock market. we've seen this before. a terror incident, terrible natural disasters, political turmoil in the extreme and frequent setbacks for the president's growth agenda. and yet investors shrug it off. the market stays strong and, actually, marches on to record after record. why is that? well, it has to be said the world of money because not have a moral conscience. frankly, money is immune to human suffering. i know that sounds callous, and perhaps it is, but it is true. so don't expect a selloff when there's provocation or outrage
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at home or abroad. you get a reaction when profit and the economy take a hit. again, it's callous but it is accurate. and look at what's happening now; record profits, harvey and irma will not affect profitability, neither will a terror attack or a noko missile unless it starts a war. we do have stronger growth, 3% right now, the economy's in pretty good shape and getting better. investors have jumped on the middle class tax cut that president trump has been pushing for. if we get that, we might get 4% growth. that's why the dow is at 22,250 compared to 18,000 back on election day. now, of course, if the tax package sinks or if there's a shooting war in asia or if bernie sanders becomes the president of the united states, you can expect a market pullback. but so far investors have ignored politics, terror and missiles. how about that for resilience? the third hour of "varney & company" is about to begin.
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♪ ♪ stuart: first, let's update everyone on the terror attack in london. it all happened this morning on a packed subway train, and it was during rush hour. a homemade bomb be failed to fully detonate, but it did spark a fire. officials say the device was intended to cause much greater damage. a timer was found on the bomb. 22 people at least injured, many suffering flash burns. a manhunt is underway for the suspect there. got something to add, ash? >> only that they have identified one. they've picked up someone they believe left this bomb on an earlier stop on this train, so the manhunt is on. stuart: and the police in london are calling it terror? >> absolutely. stuart: did they release the name of this guy? >> no, just a description. stuart: got it. north korea fired a missile over japan, it was the country's
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longest ever test flight of a ballistic missile. it was the second time north korea's fired a missile over japan in less than a month. defense secretary james mattis called the missile a reckless act by the north koreans. this launch coming just days after the u.n. security council imposed tougher sanctions. earlier this week treasury secretary steve mnuchin did not rule out very much restricting trade with china to put pressure on pyongyang. i've got to tell you that america did not try to shoot down that missile this morning. the markets, as we said earlier, completely unfazed. i mean, you've got a 40-point rally at the moment and a new high for the dow industrials. john lonski, managing director at moody's, is with us now. why don't you explain the resilience of this market. >> well, north korea, the markets have confidence that the trump administration is somehow going to manage to contain and resolve that particular crisis without resorting to military means. stuart: that's what the market wants. >> that's what they want --
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stuart: and that's what they've got. >> yeah. you would expect trump's going to continue to put pressure on china to intervene to tell north korea to behave itself. stuart: how about the london terror attack? i wasn't personally expecting a reaction on the american stock market to that, but nonetheless, it's a factor. why isn't the market doing something about it? >> markets were off in europe but not in the united states, that still seems to be a problem elsewhere in the world as opposed to here. stuart: okay. what's on the table is a middle class tax cut, and that's what helps the market in. >> yeah, i think that does. that's an excellent day. if you look at the latest growth rates running about 2.5-3%, you've got to have faster after-tax income growth if you want the keep growing consumer spending and the overall economy. stuart: now, earlier today there were reports -- and this is kind of the gossip of washington -- that president trump will not get the 15% corporate tax rate that he wants. many people are saying that's just flat out out of the
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question. that means the corporate tax rate will not come down to much below 20, even 25%. i don't think that stimulates the economy very much, do you? >> well, that helps, but i think more importantly we have to see this middle income tax cut. we have to give consumers more money with which to spend on the products that corporations produce. that's very important. stuart: okay. so what about -- okay, so middle class -- >> there's going to be a trade-off. you're going to get that middle income tax cut along with the cut in the corporate tax rate. they're probably going to be packaged together somehow. stuart: i'm told this tax package, nobody will pay a dime in federal income tax all the way up the $40,000 a year in income. i think that's accurate. that would be a middle class tax cut, would it? >> most definitely, without any question, and that's going to be helpful to these lower income individuals. it's about time. stuart: okay. because gross household income, the median, is $59,000. you get tax breaks on that to bring you down, so an ordinary
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median, middle-income family would not pay as much in tax in the future as it's paying now. that's how it works out? >> that's perhaps how it works out, and these are going to be -- voters are going to be very happy with this particular movie the trump administration, no question about it. stuart: he's onboard with the tax cut -- >> he's paying back the people that voted for him. stuart: okay. john lonski, i'm cutting it short because we have a very full day, as you can imagine. >> unfortunately. stuart: thanks very much, indeed. all right, i want to bring in republican congressman from arkansas hill, congressman -- >> good morning, stuart. stuart: the president is reaching out to democrats, moving to the middle on a tax cut package. you a republican -- you're a republican. how do you feel about that? >> right. we want president trump to reach across the aisle, that's why we elected him president of the united states. we've just come through eight years of a president who i don't
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give high marks on, so i welcome the president doing that. i encourage chuck schumer and nancy pelosi, though, the go to fair and simple.gop and read about the proposal we have in the house to do exactly what you and your previous guest talked about. stuart: however, if you go to the democrats and you get some support from them, you're not going to have the gung ho tax cut that you want. be you're going to have a watered-down tax cut. now, that's where the votes are. the votes are in the middle. are you okay with that? >> well, what we have, stuart, is an opportunity to go to the democrats, talk about what we think will get sustained economic growth and improve incomes that you talked about and job growth, and they don't want to play ball on that kind of a growth package, we can use budget reconciliation with only 51 votes needed in the senate and move our proposals to help president trump get his tax reform and his tax cut for middle income families. stuart: are you comfortable with a cut with the corporate tax
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rate, a cut in individual tax rates but a clawback of that deduction, the ending of the deduction for state and local income taxes which really hits wealthier people in democrat states? are you comfortable with that middle class tax cut package as i've just described it? that's the principle that's involved. are you happy with it? >> right. well, i'm happy with that direction. president trump wants america to be more competitive, and that's why we're talking of business income and corporate tax rates and also, very importantly, going to territorial taxation which i think would make our big companies more competitive, bring money home, bring corporate headquarters tome home. and you combine that with something that benefits families that's fair and simple and they can do their tax return on a postcard, that's what our goal is in the house. stuart: okay. now, here is another deal that i think might be shaping up here, and that's a deal on dreamers, daca. let 'em stay in return for building the wall. that's another product of the outreach of president trump to the democrats. are you okay with a deal like
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that? >> well, i do think that president obama's approach to the dreamers which was, in my view, unconstitutional and it went beyond his executive authority, needs to be solved by congress. in fact, what president obama did was i think encouraged people wrongly to try to come to the border and bring their families in illegally. so we need a solution in congress that's legislated, and i think to combine that with strong border security including extending the wall is something that should be worked on. stuart: yeah, but are you okay with that basic deal? the dreamers stay and we build the wall? forget the details for a second. are you okay with that. >> yeah. well, i'm okay with looking at legislation that does something for the dreamers -- [laughter] and has, combines it with border security including the wall. stuart: but time's up. you don't have much time for the discussion backwards and forwards. you don't have the time. you're up against the wall here.
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but you'd accept that deal. congressman, i'm sorry, my time's up as well. >> stuart, thanks for having me. stuart: got this hard break, congressman french there, thanks for joining us, french hill, i should say. much more ahead including florida's attorney general, pam bondi. she was with the president yesterday during his visit to fort myers. she also promised a crackdown on price gouging in the wake of irma. we'll check up on how she's doing with that. we'll be back. ♪ ♪ during our made to move 2017 clearance event, you can do endless online research. or, you can take advantage of our best offer ever on an xt5. don't wait. our 2017 models will be moving fast. you can drive a car... or you can drive a cadillac.
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(bell ringing) (audience cheering) stuart: president trump promising to reo florida. he looked at the damage from irma yesterday. come on in, pam bondi, florida's attorney general. ma'am, i was looking all across the media, i was looking for them to pick at president trump's visit, find some fault
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with it, find some negative. and you know what? i didn't find anything. that's pretty good. [laughter] >> stuart, of course. you're not going to find any negative. he and melania came and vice president pence. i was on the vice president's plane with him for a while talking about it before the president arrived, and, of course, governor scott was there, senator rubio. and the president cares. i mean, melania cares, the vice president. they deeply care about our state and about our country. and, you know, when you're around him, the remarkable thing about president trump is he will veer off on his own to go over and talk to first responders, to talk to our cost guard, to talk to our national guard, to talk to our police officers, our deputies. he'll just walk off and just start talking to first responders, and that's what makes him really special. nothing about him is staged. stuart: yep. >> it's real and the same thing with the first lady. she is lovely. stuart: we were watching. we put it live on television this time yesterday, and you're
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right, he goes all over the place. he's the live action president, and that's a fact. i have to ask for an update on a very difficult story, and that's the eight patients who died in the nursing home after being hit by irma. can you give us the latest on this one, please? >> yeah. as much as i can say is we are involved partially. my medicaid fraud control unit, we're involved with anything to do with abuse and neglect. the criminal aspect is handled by the broward state attorney's office. my statewide prosecutors are kind of looking at it to work with them, but we have full confidence in the broward state attorney's office on the criminal side. i can tell you personally it's horrific. no reason for those people to die. it was horrible. there was a hospital right across the street, and just pray for the folks who are still in critical condition because so far we have eight deaths. stuart: yes, indeed. now, you promised a crackdown on
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price gouging. did you get anybody yet? did you prosecute anybody? >> well, now, it's not a prosecution. remember, what i can do is -- well, i can shame them -- [laughter] which i've been doing constantly on television, especially, you know, when we had a family -- here's one example, institute. we had a family, a young family staying at a motel in bradenton, and they had been staying there at one room rate, and the owner or manager came up to them and said, by the way, we've besided we're going to raise your hotel rate because there are so many people here. we're going to raise it. and they said we have a newborn baby, and they said good with shelter. those are the bad actors, but we're seeing so much more good. if you remember, we had -- i can't prosecute people, but i can fine them $1,000 per violation up to $25,000 per day and keep going on that. so we have thousands of, if anybody complains about anything, we send a preservation letter out so we can get the information back to see what's
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happening. what i can tell you though about some good, if i could, you know, we had some complaints about a bad actor in south florida with chevron who was gouging. chevron corporate gave a million dollars. 7/eleven stores, there were a few -- because they're all franchised out. corporate came in and gave 103,000 bottles of water, $150,000 to the red cross, ash hi furniture, a million dollars -- ashley furniture. and i just heard from folks at carnival, and they have pledged up to $10 million that they want to go directly the hurricane relief in florida and the caribbean. stuart: good stuff. pam bondi -- >> great stuff. stuart: yes, great stuff. thank you very much. pam bondi is the attorney general of the state of florida, and it's great having you with us. i want to just update the power situation. it continues to be restored at a rapid rate. according to florida power and light, now just over a million customers are without juice. the florida governor, rick
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scott, says only 18% of residents are without power, and fpl expects all customers on the east coast of the state to be restored by the end of this weekend. on the west coast, it could be another week. but let's not forget two days ago four and a half million were out of juice, today one million. >> yep. stuart: not a bad effort. >> yeah. stuart: next, tropical storm jose, it is expected to strengthen. an air force plane riding right through the center of it to find out if it's been restored to hurricane status. live report from accuweather coming up next. and we'll be joined by a patriotic millionaire, i'm going to put it to him. you got what you wanted, didn't you? the rich are going to pay more in taxes under this middle class tax cut. and also david stockman, the perennial super bear. we'll be back. ♪ ♪
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stuart: before we go on, do you remembee music that we played right before the commercial break? it was called castle on the hill performed by ed sheeran, he's an englishman. why did we play it? on the request of my five grandchildren in massachusetts who turned me on to this song,
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and i like that song. thank you very much indeed, grandchildren. that's all good stuff. isn't that nice? >> we take requests now. [laughter] stuart: now, serious stuff. drop p call storm jose -- tropical storm jose, jeff cornish is with us. where's jose now and where's it going? >> reporter: stuart, the storm is well east of the bahamas and south of bermuda. if we could take a weather request, we would ask for no more hurricanes after what we've been recently through, but this storm has been aimlessly wandering around the western atlantic. it's moving northwest at 9 miles per hour, and it's going to begin to move almost due north. here we go through the weekend as it kind of trudges up the carolina coast but well offshore. by the time we get to tuesday and wednesday, we become pretty concerned in the northeast because this storm isn't that far from us. it's going to be well west of bermuda and much closer to the east coast of the u.s. as this occurs, we expect it the strengthen some, probably
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regaining status as a hurricane. the warm water is going to help to fuel this. now, close to the atlantic coast there's an area of much cooler water, so as it would approach the northeast seaboard if it gets close enough to make anything resembling a landfall, it would probably begin to weaken some. but the footprint of tropical storm force winds could expand. so the history of the storm, it's just taking a big loop right now. that's the dash line. and these brighter colors indicate the wave height. it is a significant wave producer of 10-20 foot waves right now. and regardless if this makes true landfall or not, it's going to send large waves along the coast all the way down from jacksonville clear up to the coast of maine over the next four or five days. so this weekend here are some steering influences, it may drift north, it may possibly become a hurricane again, and we do expect at a minimum significant coastal erosion and during high tide some coastal flooding. if we had to name one spot that's at greatest risk of true
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landfall, that would be cape cod, but it may also impact long island. stuart: that's just great. that's where i'm going this weekend. [laughter] >> reporter: we wish we had better news. stuart: you're not on board with the weather request in the future, young man. >> reporter: we will do our best. >> first it was naples, now cape cod. what's the common denominator? you. [laughter] >> what's your horoscope? stuart: this has not been getting the attention that it really deserves. we're talking wildfires in the west. two million acres of land are burning. that's an area about the size of rhode island and delaware combined. one hundred active wildfires right now, at least 40 of them are considered large. more than 25,000 people are fighting those fires involved in nine western states. that's not got the attention it deserves. let's get to taxes. the president says the rich may end up paying more. just what the democrats want to hear. but the exact opposite of what
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we heard on the campaign trail. next, i'll be join by a patriotic millionaire who says he wants to pay more taxes. we'll be back. ♪
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today, we're out here with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction.
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symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters.
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. stuart: the rally rolls on. look at that. 44 points higher. just a little shy of 22,250, even split. the red's in the green, the red is the down. north korean launching those missiles -- a missile again. david stockman is with us. now, he's a former reagan budget director. he's the author of this book trumped. a nation on the brink of ruin and how to bring it back. well, ignore that title for a moment. now, you are a perennial bear. you've been ever forecasting the crash. and look at that market. despite all that's going on, at 22,248. and if i had taken your advice at any point in the last two or three years, you would have lost a fortune. >> yeah. and you could have
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taken my advice in march of 2000 and dodged a bullet and november of 2007 and dodged a bullet. we have a central bank that creates serial bubbles. they last seven or eight years. this one has gotten to the point of absurdity. it is trading at 24 times reported earnings at 100-month point in the business cycle. no one has outlawed a recession. it's going to happen one of these days. and therefore, the market will crash. stuart: that's not good enough. one of these days? of course there will be a huge pull back one of these days. there always is. >> okay. but when the pull backs come, they're 20, 30, 40%. stuart: but what's the point of this advice if you can never give a time frame? >> never -- i cannot predict what the federal reserve is going to do. i cannot predict the black san juan. i can predict there's a orange swan. washington is going to be in -- stuart: you're referring to president trump.
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>> yes, i am. stuart: okay. tell me what he has done so wrong that will produce the crash that you're talking about. you've got to be quick. >> he's done nothing right. he has wasted nine months. the number one, two, three problem in america is the federal reserve. he was blowing kisses to janet yellen yesterday. she's a menace. she should have been asked to resign back in january. stuart: okay. that's one. what's the second? >> secondly, he should have been getting the budget under control, and he's actually going to provide over the biggest increase of the national debt in the history of the united states. stuart: number three? >> number three, he ought to be trying to reel in this expansionist foreign policy we have. he said he would do it during the campaign but instead of making a approach with putin, he's running away, he's threatening the you are be anians and the north koreans and everybody else, and we don't need another war. we're bankrupt. stuart: yeah. okay. your camera, i believe, is number two. you're in number two? >> yeah. stuart: look into that camera,
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and you tell our viewers. sell everything and tell them what to buy. >> i would say sell the bonds. sell the stocks. get out of this market. it's a dangerous casino. you have maybe 5% upside, 40% downside. the risk reward is terrible. stuart: and what should i go into? >> a government out of contro c. stuart: where do i put it? >> put it in cash, put it in your mattress, but get it out of wall street. stuart: if i would have done that two years ago, three years ago, two months ago, three months ago, i would have failed to get all of the gains, which i have made over the last two or three years. and same with every single one of our viewers. >> good for you. stuart: it is good for you. and your advice would have been bad. >> no. because the world didn't end at this moment or today, as far as i can tell. there's another shoe to fall and when it does, i hope your fleet footed because you're going to have to get out of the way of what will be a thundering crash. why won't there be when you have a market this
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overvalued? when you have craziness like netflix trading at 220 times earnings when it's nothing but a big cash burning machine. stuart: is amazon also crazy? >> crazy as they come. stuart: is microsoft crazy at $75 a share? >> microsoft is a little bit more reasonable. stuart: with 60 billion in the bank. >> no. microsoft is trading at the same level as it was the year 2000, despite the fact that sales are up four times and earnings up five times. that tells you something. good companies get massively overvalued during bubbles. the bubbles crash. stuart: massively overvalued now? microsoft? because i own some of it. >> hang onto that one. stuart: oh. now -- there you go. so i have to hang onto my microsoft. >> yeah. you could do that. stuart: i was going to ask you about a 15% corporate tax level, but i'm not going to do that. >> you're not going to go there. stuart: should i sell apple? i don't own it, but should i sell it? >> i don't have a big view on apple, but i do know most of the things, including facebook, are way, way, way overvalued. stuart: all of our viewers -- not all of our viewers but a
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grate number of our viewers when they put money into the stock market, it went into apple. it went into microsoft. it went into google. it went into alphabet, and it went into facebook. you're telling them sell a lot. >> yeah. i'm absolutely telling you that because this market is crazy. this is a classic mania. this is fantasy land, and you smile, but would have been doing the same thing at the top of the bubble in march 2000 when everybody said is different. this time is not different. this time is worse. the fed has nowhere to go. it has already announced that it's going to be normalizing, shrinking the balance sheet, raising interest rates, the ecb will follow, the bank of japan is lost. we have a world economy that's in very tough shape. and why people don't see that -- stuart: i'm glad i bought that gold and buried it in my backyard. we will have you on every now and then. thank you, david. i'm being serious.
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thank you very much indeed. let's bring in eric, a private investor part of a group called the patriotic millionaires. this is people who want to pay more in federal income tax. have you got that right? >> i think you do. stuart: i think you're going to get your wish. shall i explain it? individual income tax rates at the individual level are going to come down under president trump's plan. but you rich guys are going to lose the tax deduction, which you currently get for your state and local taxes. your state and local income taxes. you lose that deduction. >> uh-huh. stuart: so you're going to get a bigger tax bill. i take it you're happy with this? >> well, the devil is always in the details. and the white house certainly has rhetoric that i'm favorable towards. but the policy positions that are actually advocating rarely seem to match up against this. stuart: okay. >> i will bet you, and i will
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happily come back with my tax returns when there's an actual policy in place. let's come back. i will come with my tax return, and i'm going to bet you it actually is going to save me money on taxes. it is true. i pay a lot and get a large deduction for state and local taxes. but given the size of my income that is overwhelmed by the benefit you get from lower rates. and i can almost guarantee you if -- forget me for a second. let's look at president trump's cabinet. if we look at the people in this cabinet, people who have, you know, tens of millions or hundreds of millions of dollars in income, i absolutely guarantee you whatever policy comes out of congress is going to lower their taxes. stuart: trouble is, it's not income. it's wealth, and you failed -- always failed to make the distinction between the two. let me get back to my original point. if you live in new york city or new york state or california or illinois, they're all democrat states. some very, very rich people. high income earners in those states who are paying a great deal of money in state income tax. if they lose the deduction for
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those state income taxes, they end up paying more in tax. the rich are going to get hit from democrat high tax states. you -- you don't have to have a number on this. you know that that is true. >> no, i don't know that it is true. that is absolutely untrue. again, i am totally -- if we were actually discussing serious tax reform like the reform that took place in 1986 during the reagan administration, which we were both a part of, we were talking about something like that, i would be wholeheartedly in favor of it. but that was a branch ripping out of a vast majority of these deductions. they're not talking about deductions like the mortgage deduction. they're not talking about -- stuart: not at all. >> you want to know what the biggest one of all? which i said last time on this show that benefits the wealthy is the preferential treatment of capital gains and qualified dividends.
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and, by the way, taking these pass through entities, which is where i get the bulk of my income now because i own a business that's an s corps. if you lower the rates on those things to 15%, my taxes are going to go down dramatically. stuart: okay. let me give you an example of someone who currently lives in new york city. this is a theoretical person. they make $5 million in income on the books income from a major corporation. they're the president or executive vice president. one of the two. $5million in income. they will be paying approximately $2.5 million in income taxes on that 5 million-dollar income. they get a deductions for those 2.5 million paid to local authorities. if that deduction goes away, suddenly they don't get that whopping great, big deduction, and they will pay a huge amount extra on top of what they're already paying. they will. that's the way it will work. you will get what you want. >> again, it's an abstract argument, and i'm saying let's see what policy actually comes out.
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i'll come with my tax return that looks like this. you bring yours, and let's talk about what actually would be the impact. i'll bet you my taxes go down. and the reason why is -- stuart: you know y i left? taxes. >> i do know this. stuart: you know that. >> ever since 1986, every time congress has mucked with the tax code, i've come out ahead. it's really an amazing sequence of events. but this is why i became a patriotic millionaire because i see the way the wealthy have manipulated the system to this benefit. and, yes, i do believe that the wealthy are not paying their fair share. stuart: i have a solution for your problem, and i have the last word. write out a check. if you've got so much money and you don't know what to do with it, and you feel so bad, write the check. it's called the united states treasury department. it's very easy, eric. but thank you very much for being with us. next, we'll be joined by the former star of million-dollar
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listing miami samantha. she was in florida during the hurricane. got extensive damage says real estate prices may actually increase. well, she's selling real estate. ashley: of course she's going to say that. stuart: first, jetblue recruiting new pilots. get this. no experience necessary. ashley: oh, boy. stuart: there's a twist. there is a twist. ashley: let's hope. stuart: we will explain it all, folks,
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>> your fox business brief. an eye on jetblue today because there could be a new career for you. seeing the stock right now relatively flat. but they're looking for pilots. and guess what? no experience necessary. turns out jetblue needs pilots. they have a pilot deficit, and they have a pilot gateway program. and during this program, you pay $125,000 or more a year where you get class experience, flight simulation, and 1,500 hours of flying. but the pay back is you get paid out $50,000, $125,000. hard to say. but there is a pay back going forward. big picture, jetblue is a winner up about 10% this last year and we're watching some of the other airlines under pressure today, for example,
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ual after jp morgan gave some comments.
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. stuart: the worst hit part of florida affirma was the florida keys. that guy, phil is right there. he's at big pine key and, phil, you have to tell us what things look now three or four
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days after the storm went through. >> yeah. this is day five now, stuart, and it looks today exactly as it looked sunday night after category 4 irma. the eye of the hurricane blew through this key. it's abandoned, evacuated, and completely destroyed. every single structure at this sea camp for kids. this is a place kids would go no tv, no radio, no tv, and they learn about marine science, stay for a week or two. it's now totally gone. it was quite popular. all the boat motors are trashed. every single building is trashed. the entire place is now a scrap yard. and power to the lower keys is finally getting restored. about 20% of the lower keys now have electricity. as far as the east coast of florida, everyone who does not have power yet should have it by sunday night. and on the west coast of florida fort myers, naples, tampa area, they still don't have power.
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those 20%, they will have it by next friday. so it's another long week without air conditioning in the scorchingly hot florida september sun, stuart,. stuart: yeah, tough situation. i can see the real wreckage of that camp. that's a disaster. phil keating right there. thank you very much indeed, phil. our next guest is a real estate agent in florida. started on the million-dollar listing miami. her name is samantha. she joins us now. now, you say real estate prices may actually go up in south florida following irma? now, i realize you want to sell some real estate here, but you tell me your reasoning for a rise in prices. >> well, if i wanted to sell real estate, wouldn't i then say prices are going to go down so people then call me, and i would have this mad rush? . stuart: okay. >> look at it this way. people aren't going to stop buying florida because of hurricanes. we've always had hurricanes. and if we look at the u.s. as a whole, the top three states for foreign buyers alone are
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california, florida, and texas. what do they all have in common? natural disasters. you have earthquakes, chuckles predict in california and texas and florida both have hurricanes. so now people are going to probably -- i mean, look, if you're going to buy in florida, are you going to go for the place without impact windows and doors and if one has a generator or one doesn't, which one would you buy? you know, you're probably going to get the one with impact windows and doors. stuart: so you're saying people will move up the scale, so to speak? their current house was not that great, and it has been kind of trashed, so they'll move up? >> two ways of looking at this. is you as a buyer, you're going to buy the more expensive property because someone's going to charge top dollar for their listing for their property if they now have impact windows and doors and a generator. if you decide, hey, i'm going to stay in my home, you're going to rebuild your home, you're going to make it that much stronger, that much better, you're going to add value into your property.
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so if, in fact, be you do want to sell, you can sell for a premium. now, that's not to say that there aren't going to be people who don't want to weather another storm, and they will probably list below the comps. but for the most part, i strongly believe that people are going to stay strong, rebuild their homes, and sell for a premium. 100%. stuart: i know that you live in south florida. how did your home survive? were you affected at all? >> you know, it's interesting. i actually -- i have a number of homes. all of them are wood frame. so needless to say, when i saw that this storm was going to hit us directly, i was scared out of my mind. i mean, to have wood frame homes that have been there for a long time but still, you know, they're wood framed. i don't have any issues, other than some trees that i had to clean out. my pool has seen better days. it's a little scary, but i'm very, very thankful and blessed in that matter. stuart: okay. by the way, our audience is seeing some shots of trees down and pools in ill
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repair. that's not your house, is it? that's not you. >> no. no. thankfully. i mean, you don't want to see the condition right now. but, you know, the biggest issue right now is just not having power. i'm very lucky. i do have power, but i know many, many people that do not. so that's the biggest issue right now. stuart: look, samantha thank you very much indeed for being with us this morning. tough place to be, but you're going to weather that storm. thank you very much. >> thank you. stuart: now this. alphabet, otherwise known as google getting slapped with a class-action lawsuit accused of discriminating against female staffers. paying them less than their male counterparts. that's a big story, especially in silicon valley. and we'll be back with this you know who likes to be
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neil: is it your thinking that no matter what it costs, just give florida, give texas, louisiana, whatever they need to deal with it? >> i would say we're going to
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be obviously very diligent in examining exactly what is needed. and we will provide what is needed. not necessarily what is wanted. there's a difference. stuart: a preview of today's coast to coast. that comes up at noon. that will be four and a half minutes time. got it. now, google is being sued overwhelm paid for discrimination. fox news gregg jarrett this this morning. he's a recovering lawyer, as he likes to say. now, look, you've studied this case. >> right. stuart: and they're making their case on the basis of statistics. that's it. not a woman saying, hey, he was nasty to me. wouldn't give me the job. no, it was statistics that got them. >> because antidotes like you just cited supervisor or a manager saying, you know, we're not going to hire this person because she's a woman or we're not going to pay her as much or promote her as much because of her gender, that is
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rare evidence because people are trying not to say this things, even though they may do those things. so the courts allow what's called circumstantial evidence instead of direct evidence. statistical analysis is the course. and here, the department of labor launched an investigation in january. and over the course of nine months, they have issued a report and found what they call extreme systemic pay disparity between men and women at google. that will be the basis of the evidence for the plaintiff's case. stuart: is it a class-action lawsuit? >> not yet. they're filing it to be a class action. but it has to receive certification from a judge. the judge has to find that there are enough of the women -- and there may be 21,000 of them, and they have common issues of law and fact. i predict the judge will find this things, certify it as a class action. google is going to defend this thing vigorously. they say we have systems in place that prevent disparity
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and pay promotion. but the statistical analysis may prove otherwise. stuart: gotcha. gregg jarrett by analysis, good stuff. >> thank you. stuart: thank you very much, greg. we will have more varney for you after this parodontax, the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try parodontax toothpaste. ♪ (baby crying) (slow jazz music) ♪ fly me to the moon ♪ and let me play
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stuart: i got that say i'm surprised, the dow industrials are up nearly 50 points. when we came in to work, ash -- >> i thought, uh-oh, here we go. but look at the markets. basically blowing it off and continuing up, up nearly 50 points. it's amazing,en isn't it? and every time we do see a dip, people say i've got some cash, i'm going to come in and buy. stuart: we've seen this consistently, month after month -- >> throughout the entire summer. stuart: a little bit of a selloff, and it bounces straight back, new highs.
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32,250, i think -- 22,250, i think, is an all-time high yet again. don't you love it? >> yes. [laughter] stuart: on this happy note, i will give the show to neil cavuto. neil: thank you very much. it does say something about resilience or, sadly, maybe getting used to this sort of thing, whatever. the man hun is on for that subway attacker or attackers. that homemade bomb exploding during rush hour there. 32 hurt with largely -- 22 hurt with largely flash burns. to former cia analyst tara muller on how we protect these so-called soft targets. i do notice a heightened police presence just right outside our windows here on sixth avenue and around times square. that's to be expected. but what do we do? i know the rap is you see something, you say something. but as you know, almost anything you see in times

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