maria: my thanks to great all-star panel. mike murphy, dagen mcdowell. varney & company begins right now. ashley, would you drive an electric hybrid? ashley: i would, if you hang out for three hours, i will drive at home. you look very good driving by it. maria: have a great show. ashley: stuart is back tomorrow, here is the big story, president trump at trump tower right now. in a few minutes to leave to attend the first united nations general assembly. he's being critical of un in the past, boy, has he ever and he wants to shake up u.s. involvement in it. north korea, london terror attack and paris climate deal also in the background. the president's first meeting takes place later this hour and,

of course, we will be all over it for you. by the way, traffic nightmare in new york right now. despite everything, turmoil overseas and the house in recess, the markets where are they going? they are going up again. dow and s&p open up in new all-time highs. what else is new? another hurricane in the caribbean, maria, she could hit batted islands and head towards florida. we are all over that story as well. big day for politics. guess what? that's what we do. varney & company starts right now. ♪ ♪ ashley: quick check of the stock futures for you just under half an hour before we open on wall street. dow coming up best of the year, 6 points away from all-time high. so it should open well above

that. any move for s&p will be a new high. [laughter] ashley: nasdaq just 15 points away from record territory. big defense deal to tell you about, by the way, northrop buying atk for 9.2 billion, that's in cash and debt, in the meantime net flesm won emmy's for the crown and master of known, hulu. we will get into the emmy's. president trump at the united nations, come in larry o'connor, radio host, contributing editor. not so easy to say. yeah, yeah, you need to do my job, obviously. let's start with what do you expect to hear from the president of the un because in the past mr. trump, then private citizen, mr. president, had called un weak, incompetent, a club where everybody gets together and has a good time.

what are you expecting from him today? >> i don't think we will exactly hear that narrative, ashley. i hope the president sticks to the most international issues that are facing the free world and that has to do with north korea and iran nuclear deal and threat of radical islamic terror. i hope he doesn't fall into the trap of talking about climate change accords and that he would reenter that if it favored america. i sure hope he steers away from that. focus on what the un is meant to do, maintain freedom in the world and go against our common enemies. ashley: what's interesting, larry, the un is about world first, donald trump became president on america first. is there a conflict there? >> well, sure. we have seen the conflict play out sadly. american people voted for a man who would put america first not an internationalist that we had for the last eight years and listen, this is not going to be the warmest assembly that the president is expecting to see

here at the un. they don't like this man. but he's use today that. i mean, he did the same thing when he addressed congress. he will rise above that. i hope he's listening on advisers and focuses on international threats. ashley: big part of schedule today, talking about reforms at the un, he would like to see the un cut spending and perhaps change operational programs within the un. does that gain traction at all? >> if i remember right doesn't he actually value the east manhattan property in a major way? he probably has speculators out there appraising it. it certainly plays to his base. i think that even the left and the right in this country recognize that the united nations is a bureaucratic incompetence. i think that there is a way to actually ignite those reforms. the problem is donald trump goes in there with such a hostile environment already that he's going to need allies to push for those reforms. ashley: all right, let's take a

radical shift here. different subject, the emmy's, shortage of trump bashing last night. i tuned in for all one and a half minutes, i saw lili make remark that she was battling in 1980 in 9:00 to 5:00 in sexist and the bigot and i switched it off. what were your thoughts on last night? >> it'll be interesting to see what the ratings come back as. i was struck by that moment too, poor dolly parton, all dolly wanted to make was a joke about chest. it was pretty funny. i don't think she's thrilled with all the trump bashing. this is an old story. dc is obsessed with hollywood and hollywood is obsessed with dc and you saw that play out at emmy awards. the problem with the equation, of course, a whole lot of country between the two cities and the rest of the country feel like they are being ignored or actually at worse, mocked and

ridiculed. one interesting comment, great success in this business, saturday night live plays in all 50 states and we have to be sure that we are not seen as being one-sided. this is from lauren michaels. ashley: now he says it. >> exactly. compare today emmy awards, saturday night live is handed on approach on politics. it was ridiculous last night and you woarnd why network ratings are going down the tubes. the fact is that they acknowledged last night that the american people are more interested in news, politics, business and who gets to win in that equation, well, fox and fox business, don't they? ashley: very well said, larry. to me it reemses the -- it's doing great disservice to the democratic party, they lost to

the most hated man in the world, donald trump, also the movie stars, all of the people just don't get it. >> they make themselves feel better by doing this. trust me, i used to work in the entertainment business before i got into the media. there is never any prize paid for bashing republicans, conservatives anybody that the industry see as the latest evil person. but let's not forget, this is not a trump invention, this goes back to every time there's a republican in the white house, this is what we see at these award shows. ashley: well, i guess it's become -- we expect to hear it now and like i said last night all you have to do is click, turn it off. >> a lot of choices these days. ashley: you're right, the ratings will be interesting. thank you. >> take care. ashley: multiple arrests in st. louis, third night of violent protests. this after a white police officer was acquitted in the shooting death of a black man. this won't go away.

>> you're right, ashley. the officer acquitted of first-degree murder after shooting of car chase of anthony lamar smith, protests took place near michael brown took place in ferguson. a group of agitators among the peaceful protestors. they started throwing chemicals and rocks at the cops. they showed up in riot gear and armored vehicles and started to make arrests. there was also vandalism, wells fargo and other companies said to employees, get out of there, there's going to be protests and there were. third night of violence, at least 80 arrests. ashley: what's interesting, liz, peacefully during the day and at night falls we get agitators that will jump onto any cause to create problems. seems that's what's happening here. >> throwing cops and chemicals.

the cops were prepared for that. officials blaming it on a small group of agitators among them. ashley: all too common story. let's check on futures, continues to break records. great week last week for the markets and again pointing up, the dow at this point showing start the day higher by 45 points. the s&p slightly same story for the nasdaq, not bad for everything going on in the well. back at trump tower, president trump he's off to the united nations at any moment. he will be holding a meeting on reforming the un, of course, we will bring that to you live when it happens down at the golden elevators at trump towers. location scout for netflix hit show narcos hit and killed in méxico, he was looking for places to shoot the next season which is all about south american drug kingpins, we will be on the story. plus chelsea manning saying she's not a traitor to the

united states. i have a feeling judge napolitano will have to take issue with that. he's up next.

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ashley: all right, let's check the price of oil for you. every time oil may break 50-dollar level, it doesn't. it's hanging underneath the level of 49.73. opec meeting, by the way, do we care, they are meeting in viena as they do. we will see, whatever, oil fail to go get to $50 a barrel. chelsea manning says she's not, quote, an american traitor and she did what she thought was right. judge andrew napolitano is here. i know what you're going say to this, judge, and i think a lot of the viewers will probably disagree with you. you say what? >> chelsea manning by definition she was not a traitor because she wasn't convicted as treason.

ashley: right. >> she was convicted of espionage, tail your to safeguard state secrets. she did commit espionage but revealed that the american military had killed people in the middle east, journalists, not terrorists, had lied about it and lied about the lies, to that extent i think she did a positive good for transparency in the government. now i know that the intelligence community -- i know that the intelligence community is furious. mike pompeo who has been a friend of mine, former congressman, now director of cia, refuse today participate in harvard, withdrew the offer. i know that this rubs people the wrong way, but my view is that the first amendment commands and protects those who expose government wrongdoing. ashley: however, she was convicted 35 years for which she did 7 years before getting commutation as president obama.

just like president can pardon like the president pardoned sheriff arpaio, in president obama's he wanted her to serve five or six months. commutation take effect on donald trump's watch, some people thought that donald trump might try to reverse the barack obama commutation which would have been a first in history. ashley: let me ask you this, you say that chelsea manning released what was supposed to be classified information. showed that wrongdoing. >> released it through wikileaks. it's not like the rosenbergs that sold secret for money. she did this for ideological reasons. you're correct. under the law it doesn't matter. ashley: she was charged with maintaining the secrets as a government worker. >> correct. actually the punishment for selling secrets is heavier than the punishment for giving secrets even though the crime is the same. ashley: it's just that -- i

understand what you're saying but this was a person who was charged with keeping classified information classified. >> yes, yes, absolutely. a very, very -- say again? >> if it didn't show wrongdoing of the type that it did would you have a different opinion? >> yes, there would be no purpose of exposing it if it didn't show wrongdoing. ashley: very quickly. we will move on. i know you say there were problems within president trump's legal team. what's going on? >> the new york times reporting disputes between cobb and don, legal counsel about the documents that they are going to surrender to special counsel mueller. that's -- according to the times article there were screaming matches of lacking loyalty, et cetera. this is a problem for president trump. the dispute was immediated by

general kelly. general kelly is a great man but he's not a lawyer. you need the president -- the president needs a chief legal strategists, one human being appointed to him as a person who has final say on what documents are going to go to special counsel because if cobb surrenders. you certify records and given everything i found. if someone else in the white house is taking things out of those records and hid them, then you're certification is wrong, you're ignorant of error, that can be troublesome for the lawyers who signed the certification and the lawyers who -- ashley: who wins in the situation like this? >> i don't know, but the president loses, the president needs one person in charge making decisions. ashley: is this all about, you know, who met with who -- >> ashley, we don't know what it's about because the special

counsel has expanded the scope which happens every time they appoint a special counsel, the president is correct to be angry and troubled about this. we don't know what these documents are about and the new york city didn't -- nowrk -- new york times has identified them but the team accused white house lawyers of hiding documents and that's dangerous. ashley: when ce we put the russia issue to bed? >> there's two sides here. a lot of people who say this was made up by the hillary clinton people, there's no there there. if there were a there there, we would know about it and then there's the other side that says the president has done everything he can to hide all of the stuff, the meeting with the russians at trump tower and taking time to find it. i don't know what the answer is. i myself would like to see sooner rather than -- ashley: so

we can move on. >> bob mueller keeps hiring people. of course, we are paying for them. ashley: yes, of course we are, lovely. back in the 11:00 sanctuary cities. >> a ruling right at evening. ashley: we will get into that, thank you, judge. oh, yeah, guess what, another big hurricane gaining strength in the atlantic. what else is new we will have the latest on hurricane maria after this think your large cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp

ashley: quick look at the futures for you. we are hanging in there. up 51 points say the futures when the opening bell rings in about 7 minutes from now. same story for s&p and nasdaq. more record territory it appears as we begin a new trading week after a great week last week for the markets. now onto maria, expected to strengthen into a major hurricane. fox news meteorologist adam klotz joins us. it's like a conveyer belt, comes off the coast of western africa and strong in atlantic and makes b line for the caribbean and u.s., it's like it's never-ending. >> seems like. second half of the summer, continuing now, take a look at the conveyer belt you are mentioning. we have josé, maria and way back

off the coast of africa, that's lee. good news about lee it will weaken and fall apart but the conveyer belt it is. maria, that's the real big one right now. currently category 2 storm. that's happened in the last several hours. going to continue to intensify and unfortunately hit islands that have been hit, likely jumping up to a cat 3 by the time it does that. you are looking at winds 110 miles an hour. continue to intensify run to go category 4 by the time you're running over puerto rico. another island that saw at least some impacts from irma. the big difference is irma continued on, ran up into florida, this is going to be turning right and heading north over the bahamas, still category 3 storm. may impact the u.s. mainland but this is taking all the way saturday, still a little bit of time and we are certainly staying busy. ashley: ground hog day with

hurricanes. appreciate it. sad story, the location scout for the popular netflix new new- narcos. liz: he was on location for narcos, shot and killed near murder state of hidalgo. he had movies under his belt, now he has been assassinated. he worked on sicarios, four season of narcos, they were moving from colombia to méxico, now they may need to move it out of méxico. that could cost méxico jobs right now. ashley: sad story. liz: really sad story. highest murder rate, that area. ashley: thank you. quick look at the futures moving higher again, so what else is new, doesn't seem like the

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ashley: all right, another trading week about to get underway, about 20 seconds now from wall street opening. the futures showing that we are

again going to move higher. could the markets, and i'm going to -- liz: channel stuart. ashley: stuart varney would say because the possibility of tax reform is becoming more, more real as mr. president goes across the aisle and gets compromise. here we go. more green than red, maybe. up 34 points. not bad. up to 22,307. up about 50 points. we are going to get the trading going up 40 points. how about that? more green than red at this stage. not bad at all. let's take a look at s&p right where we thought it would be, a tenth of a percent. 25.03 on s&p and nasdaq just moving slightly higher about 2 tenths of a percent. 3 points from an all-time high a little birdie just told me. great way to start a new week. also some new news in the defense sector.

northrop grumman buyings orbital atk, cash and debt. rockets remain in record territory. let's bring in the old star, liz mcdonald as always, keith fitzgerald and todd. thanks for the word, liz, challenging. the markets are starting to believe that tax reform may indeed happen if the president is prepared to compromise a little bit with those good folks across the aisle, maybe not right now but maybe three to six months and maybe the markets are more encouraged by that, what do you say, keith? >> i think that's accurate. here don't forget things -- what you're seeing now is traders and investors who know that they cannot afford to take foot off the gas because of the long-term perspective that's taking place

in sectors like defense, big techs, the stuff that we talk about all of the time. if they want to do a short-term fit, that's news driven and not a lot on the headlines and take it the other way. ashley: okay, let's bring in todd. money coming out of bonds and gold. where else can the markets go but up right now? the only game in town, i think. >> good morning, ashley, good morning, liz. we are still driven by the chase for yield. where are you going to go to get yield for your money? there's only one place, that's the stock market. this is the same thing we have seen many times before. it's like a game of monopoly. liz: mitch mcconnell made a brilliant move of keith's point, he pushed the debt ceiling fight for next year, that keeps focus on tax cuts. to keith's point, if they go for

skinny repeal maneuver and skinny reform, the markets may not like that. you can bet, though, that donald trump will hold every senator and congressman accountable for not doing what they should have done this year in terms of the mid-terms next year. ashley: investors by the way in every generation are holding cash. it's interesting. is that good or not, what do you say? should you hang onto cash as a safe to keep portfolio diversified? >> no. ashley, i don't think you should hold cash. i'm bearish the market in general. long-term i'm always a bull long-term because markets go 9% year over year. they just don't go up every year. you need to put money working in cash and not only does it make nothing but devalued when the feds decide to print more money. they are making dollars worth less. they need to be somewhere where

they can grow. ashley: what do you see, keith, are you short-term bearish or long-term bullish, what's your thoughts? >> well, you know, you're always right for a correction particularly markets. we are due for it, so what? here is the thing. it is always more expensive to go to the sidelines even though it feels better than it is to latch on to the growth. so again, you've got to get to the growth if you want to go forward. if at all possible, we encourage part-time to be properly diversified and allocated, go forward. don't look in the rear-view mirror. ashley: good advice for life in general, keith. let's get a quick check of the big board for you. oil holding right around 50 bucks a barrel. who really cares? the dow as we show, losing a little bit of steam, four minutes into the session. up about 20 points, 22,887.

oil 49.72 meeting resistance at 50-dollar mark. canadian union, makes no difference to the stock price. the stock gm, plat at 38.98. macy's by the way trimming holiday hiring by about 4%. the hiring goes into the online handling of online orderers as opposed to putting actual people into the stores but not hiring as many people this year as last year. macy's just slightly higher at this stage. streaming wins big at the emmy's for those who watched, hulu and netflix with the crown and master of none. keith, does that make you go out and buy netflix shares? >> no way. they have to take it in to generate the content. i don't see real value unless netflix teams up with another player that has distribution

system. lizly yeah, i think keith is right. netflix, he's right about the model. i mean, you know, we are talking 20 billion in total debt when you load in the off balance sheets. so you have to be wondering who is eye-balling netflix. i don't think it's sustainable. ashley: what do you say, todd, is netflix a good buy for someone out there? >> i think it's a great buy for disney. that's one of the reasons why they stopped giving content, they were hoping it would bring value lower and they are going to want to be a buyer. the platform is the best out there. in the meantime, the stock keeps going higher. do i think disney is the number one player for them, if not apple. ashley: interesting. all right. let's move on. mcdonalds changing the happy meal again. details. >> still no peas and carrots with happy meals. some critics are saying, we didn't know we went to mcdonalds

for food nutrition. that's what one critic is saying. they are taking out the minute-made apple juice and putting in honest juice, it's from honest juice, organic, less sugar, blah, blah. sliced apples, yogurt, no toys with happy meal. it's becoming more nutritional to eat. ashley: not so happy and more healthy. >> angry. ashley: by the way we hit the record on the nasdaq. the big tech stocks that we always like to look at, nasdaq moving higher. we broke a record with the dow and s&p last year -- last week and we are doing it again, there you go. thank you. right now the things to say. up quarter of a percent in nasdaq. up 64.65. here is a story that interests me. toys"r"us preparing for a potential bankruptcy filing.

i spent a lot of times going up and down the aisles of toys"r"us, i guess that's old school. is this the retail ice age all over again? >> sure. we've got no retail business. one of the biggest problems we have, ashley, people aren't really out shopping. they are going to amazon because they can't afford to have the event to take their kids to the stores because the cost to get there. may have not making as much money. perfect time for toys"r"us to go bankrupt and go ahead and reorganize and in the meantime they get to use all the cash they are going to take in for christmas because what they've done is they brought in all the goods pretty much for christmas now. ashley: you know, keith, i'm not a millennial clearly and i like to look at the things that i buy. when you go to toys"r"us you can look at something and say this is great, when you pick it up it's a plastic, feels cheap, you know it's not going to last, you can't do that online. you can order it and send it back but it's a pain. i still feel that there's room

out there for people to physically go into a store. >> i don't think you're off base. there's a lot of times where i physically want to do something and feel it and touch it because i want to know whether it's quality, it fits my hand, a toy i want to buy for my children. whatever the deal is. but there is clearly a dividing line what you can supply and what you can deem acceptable. i get so frustrated seeing something online going to a store and not finding it that i really am less likely to go back to retailer to begin with. toys"r"us is going to experience a lot of that. ideal time to go bk if they are going to do it, they have cash and release from the debt. ashley: very good. let's get back to the story. no end to it. liz: that's right. ashley: after breach of data was known. todd, talk about the headaches of equifax, seems to me they

made a lot of mistakes every step of the way. >> i think their problems have just begun, ashley, you have affected 143 million people, you have some major problems. now the share elders selling stocks, the two guys, i don't know, they usually have to file, i don't know if they sold into that afterwards. that's something i'm not clear but the one thing i am clear they have a lot of problems, a lot of lawsuits and this could really be a total destruction of equifax. liz: congressional hearings and senate hearings. market watch has opinion piece for equifax -- ashley: i saw that. liz: majors in music. they were going to charge you, freeze your credit, waive it for 30 days. they have botched it every step of the way. ashley: it goes from bad to worse. keith and todd, as always, gentlemen, thank you so much for joining us on this monday.

appreciate it. let's take a look at the big board, dow up 40 points, 22,313. not bad, who could have thought it? continuing to move higher. president trump will be arriving at the united nations or just arriving at the united nations just moments ago. there he is. he's out of the limbo, went from trump tower to un building. not far at all. we are waiting news for the first meeting of general assembly and when we have to, we, of course, we will bring it to you. some interesting tweets as you can imagine. the woman at the very heart of the tea party targeting scandal getting a pass from the department of justice. the doj says it will not reconsider its decision not to prosecute, coming up, becky and her tea party group, by the way, was the one targeted by the irs and as you can imagine, she's not very happy about this. in the meantime, what's the government doing to help business who is were destroyed

by hurricanes irma and harvey? we are going to ask linda mchamon, head of the business administration. coming up right after this. what powers the digital world. communication. that's why a cutting edge university counts on centurylink to keep their global campus connected. and why a pro football team chose us to deliver fiber-enabled broadband to more than 65,000 fans. and why a leading car brand counts on us to keep their dealer network streamlined and nimble. businesses count on communication, and communication counts on centurylink.

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guard your card? guard your card? just like your credit card. nobody gets my number, unless i know they should have it. to protect your identity, new medicare cards without social security numbers will be mailed next year. visit medicare.gov/fraud stay sharp people! ashley: guess what? a new week but the same old story, dow, s&p and nasdaq all hitting record highs again today. look at that. lots of green. the dow up another 46 points at 22,314, my oh my. caterpillar, by the way hitting all-time high. people are listening to ubs, up 1 and a half percent. caterpillar at 123.26. markets in record territory and guess what, the president tweeting about it. a great deal happening for our

country, jobs and stock market at all-time highs and i believe we will be getting even better exclamation point. come in lined mcmahon, you are head of small business administration and linda thank you so much for being here. is the president right, you know, we are seeing all-time highs almost on a daily basis on the markets, job hiring is picking up, the economy while it's not off to the races it's certainly hitting in the right direction, are you confident as someone from a small business perspective? >> absolutely i am. as a matter of fact, i've been touring the country visiting all to have sba, 68 district offices, i've gotten into 20 of them and the enthusiasm and the optimism that i'm hearing from small businesses as i conduct round-table discussions is clearly there. they are looking to invest and grow. ashley: which is great. we saw the latest survey, small businesses show not only is hiring picked up but capital expenditure which is so important shows that they are expanding over the next 3 to 6

months is up to levels not seen in 11 or 12 years. there really is something to that optimism. >> there really is, as a matter of fact, the president was in the east room and he actually said at a meeting of small businesses that he believes this is going to be a golden age for entrepreneurs and i think so too. what we are seeing in loan divisions for loan for plant property and equipment, long guaranty programs, they are up and so we are excited to see that. ashley: what's the biggest factor behind that, is it taking away some of the burdensome regulations, certainly health care, businesses that department want to hit the 50-employee mark because it would bring expense for health care, is deregulation a big part of this? >> it certainly is. that's something the president said he was going to do. he's already done it. so small businesses see that. they want to see more. they are optimistic about tax reform, about reduction in their

tax rates. they are disappointed that health care reform didn't pass but optimistic that that'll come forth next year. ashley: i wanted to talk to you about rebuilding issues, certainly in the wake of hurricanes harvey and irma in texas and florida in particular, some small businesses, if not completely wiped out of devastated by the storms, what can you do as part of the small business administration to help them get back on their feet? >> well, you know, not a lot of people know that disaster relief comes under my portfolio, and it's the only time that sba actually loans money for home mortgages and for businesses. typically we guaranty loans but we are already on the, as a matter of fact, we have approved already over 3100 loans for $268 million as of this morning. so we are getting money into the hands faster for homeowners and businesses. ashley: are many choosing to rebuild or are saying i can't rebuild, it's not worth it to

me? >> right now they are choosing to rebuild. there are areas of houston where harvey came through that the flood receded now and people really want to get back into their businesses and our goal is to get people into their homes and get those small businesses back up, you know, small businesses are the glue to the community. ashley: life blood. >> they really are. ashley: they are getting a loan which infers they have to pay it back. >> they are. ashley: one minute they had a big loan and now they have a business but now have interest rates. >> the interest rates are very low and fixed for as long as 30 years. we are in there for the long haul. we just don't come on the frowned quick, we go right behind fema, we colocate with fema, we have 20 district offices, five other disaster offices. ashley: you have been remarkably busy. i see you all of the time.

we follow the president and you're on the trips, are you? >> i am on some of them. the president from the very beginning small businesses are the backbone and the engine on the economy. i want somebody who has been there and knows what it's like so i'm on board. ashley: no substitute for experience, linda mcmahon, appreciate it. >> thank you. ashley: here we go again. up 63 points on the dow, 22,332. the s&p moving higher. we had a record short time ago on the nasdaq. it's becoming a daily event, is it not? ben shapiro speech at berkeley but the school spent a wopping $600,000 just to defend one person right to free speech, remarkable. we are on it. more varney & company after this

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president trump is now at the united nations, what would you like to hear him say? he would give speech tomorrow, but what would you like him to say special with regard to north korea which is front and center as the un meets. >> well, ashley i would like to tell the general assembly that we have tried to work with north korea and we have failed with sanctions, et cetera, now a looming nuclear potential power and that solution of sanctions has not worked and if we do not get support from china and the un assembly, general assembly, that we will be forced to take actions that we do not want to but every option is on the table and i am prepared to use them to resolve this issue. we will not accept a nuclear north korea. ashley: right. we are actually seeing pictures of the president sitting down as they talk about un reforms, the

first on the very busy schedule this week, taking his seat at the united nations. you know, listen, the speech we are expecting from president trump will talk about accountability, sovereignty, the things that i feel the united nations is more a world-first group and he's more america first. is he going to give a kind reception you think of the un? >> the fact is that president trump is spot on. we have given away much too much in our economy and american jobs for the last 50 years. we must change that around and get a more balanced approach and take care of the american people first. ashley: does the un really matter in the grand scheme of things? i hate to be blunt. >> i will blunt and say, no, it really doesn't, ashley. ashley: we spend a lot of money, biggest contributor by far and all we get out is strongly

worded condemnation of some actors, some state actors such as north korea. we are out of time, i wish i had more time, you're always great, thanks for joining us this morning. >> thanks, ashley. ashley: right now as i just said president trump is at the united nations attending his first meeting at his first general assembly. it's all about reforming the un. that's the issue today. we could hear from the president at any moment, if he does speak, we will take you there immediately. one issue sure to come up in the un, north korea, the u.s. conducting another fly-over after latest missile test. all of that, guess what, the markets continue to make record highs. we will be back next. (honking) (beeping) we're on to you, diabetes. time's up, insufficient prenatal care. and administrative paperwork, your days of drowning people are numbered. same goes for you, budget overruns.

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ashley: 10:00 a.m. on the east coast, 7:00 a.m. on the west coast. i am ashley webster appears to her back tomorrow. all about the u.n. this week at

nikki healy, the u.s. ambassador to the u.n. speaking just needed to her right as president donald trump, taking his seat for the first time at united nations, right now talking about reforming the united nations, maybe some spending cuts. the u.s. don't forget it's the biggest contributor to the united nations and president trump and his administration have said time to look at what you're spending on to reform programs within the u.n. we are half an hour into the session and we've been hitting new all-time highs, the s&p up six points or 2506. the dow itself in record territory up another 64-point and then asked decade a new all-time high this morning. 23 points up a 6471. no matter what goes on in the world, the markets continue to move. liz: it is striking. ashley: let's listen to the president right now. [applause] >> i actually saw great

potential right across the street to be honest with you andy was for the reason the united nations was here that turned out to be such a successful project. i went to thank you, ambassador hayley for your introduction and for your steadfast advocacy for american interests on the world stage. on behalf of the cohost countries, i would like to also thank secretary general good heard, for you have been fantastic, for joining us and we affirm our commitment to the united nations reform and reform is what we are talking about. i applaud the secretary-general for laying out a vision to reform the united nations so that it better serves the people we all represent. we support your efforts to look across the entire system and to find ways the united nations can better and be better at development, management, peace

and security. the united nations was founded on truly noble goals. these include affirming the dignity and worth of the human person and striving for international peace. the united nations has advanced towards these goals in so many ways. feeding the hungry, providing disaster relief in empowering women and girls in many societies all across the world. yet in recent years, the united nations has not reached its full potential because of bureaucracy and mismanagement. while the united nations on a regular budget has increased by 140% and its staff has more than doubled since 2000, we are not seeing the result in line with this and that ambassador. i know under the secretary-general it is changing and it's changing fast and we've seen it. that is why we commend the

secretary-general and his call for the united nations to focus more on people and less on bureaucracy. we seek a united nations that retains the trust of the people around the world in order to achieve this, the united nations must hold every level of management accountable, protect whistleblowers and focus on results to honor the people of our nations we must ensure that no one and no member state shoulders a disproportionate share of the burden and that is militarily or financially. we also ask that every peacekeeping mission has clearly defined goals and metrics for evaluating success. they deserve to see the value in the united nations and it is our job to show it to them.

we encourage the secretary-general to fully use his authority to cut through the bureaucracy, reform outdated systems and make firm decisions to advance the u.n.'s core mission. further, we encourage all member states to look at ways to take bold stands at the united nations with an eye towards changing business as usual and not being beholden to ways of the past, which were not working. mr. secretary-general, the united states and the member states president today support this a great reform vision. we pledge to be partners in your work and i am confident that if we were together and champion truly bold reforms, the united nations will emerge as a stronger, more effect give, more just and greater force for peace and harmony in the world. thank you, mr. secretary-general

and i look forward to advancing the shared goals in the years to calm and it is a great honor to be with you today. thank you. [applause] ashley: there you have it, president trump speaking to the united nations this morning, they are to talk about reforming the united nations. he made some interesting points. he said we should focus on results, talking about the u.n. rather than on the process. we have to change this business as usual process and he said, you know, we need to get away from the bureaucracy of the united nations and focus on results. more about people. trade for notably russia, china not at this event. ashley: good point, let's bring in pete hegseth, "fox and friends" cohosts. i want to say coming is looking very presidential. he's like the grown up in the room, making very good point and he says no member should shoulder a disproportionate share of the burden.

>> what we do right now, we find 20% of the peacekeeping forces. yet how much peace as the union cab. of course after two world wars, we wanted to replace or reconvene and talk about things before the bullets fly. i was meant to preserve the order slanted towards the u.s. and the west. today with china and russia as permanent members of the security council, the international criminal court, human rights commission, nothing -- not only does nothing get done, but they are used against us, against israel, against israel. a lot of us are skeptical you can reformat at all. lop it off and let us fall into the east river. like-minded nations come away we give so much opinion to these two dictators they get the same boat as the united states of america. ashley: amen, pete hegseth. i couldn't agree more. the best we can get out of that no matter what country does what is a strongly worded statement of disapproval.

>> or sanctions of certain member states choose to violate on their own. you know what matters? borders. what your country, the nature of the regime and whether you are three people are not. you have an army, navy, air force, are you able to defend your interests? president trump sits at the table all those things to remind them we don't have the borderless world they think we do. these are the elites who ran against. he's going to get some hard truths and it's about time. >> is going to give a speech tomorrow. people already hate them before they even heard from him. he revels in that, don't you. i'm the one giving a speech right now. listen to what i have to say. >> yet, the united states of america is the top dog. i built one right across. ashley: we just picked up on that. >> he always takes out a strong position to begin with because he knows how to negotiate i'm

hoping he can get incremental improvements over time. if they don't get anything done and you can see a sharper term and they know that. >> north korea certainly hanging over this week's events and that certainly will come to life. to your point, pete, what are they going to do anyway. >> exactly. lay that out as the futility. if it's not for the united states navy and air force, there is no prospect by which can jump un does not have a militarized weapon with the shoulders of our allies. they love to talk about stopping nuclear proliferation, getting to zero. or ayatollahs in iran. that will take brass tacks tough decisions from american generals. diplomats by nikki haley who also done a fantastic job. ashley: i'm glad you brought her up because there's rumors circulating, rex tillerson, secretary of state is not

getting it, not connecting with the president. he seems a bit of an outlier. nikki haley would be a very strong candidate to fill in the secretary of state, even though she doesn't have very much foreign policy experience at all, but she's proven to be very strong in the u.n. >> she's cut her teeth aaron done a really nice job. i never go too far with the palestinian stuff. ashley: when i listen to rex tillerson speak, i feel safer. he seems to always be in control. yes he ran exxonmobil and is used to dealing with governments around the world, but there is growing ends up in the administration and those that deal directly with him that he is not really tuned in. >> yeah, all these voices on the outside have more influence than people on the inside or those more public facing. nikki haley by the forum that is the u.n. is able to have powerful visuals that the

secretary of state has proved to be a little bit more behind the scenes. take even h.r. mcmaster. the president reportedly talks to john bolton almost just as much because he's intrigued by the idea of someone like him inside the administration. that may or may not ever happen. ultimately a lot of different voices who is the true decider with the team he has right now. we'll see what happens. >> he is meeting later today with emanuel macron of fans and benjamin netanyahu of israel. we understand netanyahu will push hard. let's get back to the nukes deal done with iran or president obama either to massively restructure it were basically ditch it. >> this is the litmus test deal for folks to support the president, believe in american sovereignty, a recertification of a deal that they are clearly violating would he retreat from a strident campaign promise. additionally day one we were ripping up the iran deal.

you understand my favorite not simply walk back to make sure the unintended consequences. the clock is ticking. allies in israel live under existential threat and they see this president as a friend, lock stock and barrel. if anyone walks out of video, it is us. there's so much more evidence they are developing missile programs and funding of terrorism keeps them in violation. it would be very disappointed if the plug was not polled on the deal. ashley: it's good for the domestic agenda and is that the cat among the pigeons by going across the aisle and talking to democrats and talking about i'll give you daca for the wall or some of this kind of dealing and was told there were some of the core base that were very upset about that. twitter pictures of maga hats. the markets are telling us they like a leader who is prepared to compromise. it's not a dirty word to get stuff done. >> we compromised on was not a

great substance. a three-month ticking of the canned on a budget deal on the debt limit for harvey. he said we are not there yet. i have new leverage with daca, which looks at chain migration and a lot of the problems you have there. he has new leverage. they are coming around in the senate, potentially coalescing around a new repeal. breaking news this morning, kellyanne conway said they think they can get to 50. imagine if working with chuck and nancy was a shot across the bow. ashley: i think it's a wake-up call. >> maybe this president knows what he's doing. maybe there's some thought behind how to make it happen. ashley: pete hegseth, thank you so much. leaving the united nation's general assembly as he spoke at the opening remarks of inevitable reform at the u.n. good luck on that. anyway, he's all for it. the markets continued to make record highs.

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ashley: another day in record highs again for all the major averages. let's take a look at the big board for you. the dow is up to become a 60-point that began 63 points in the early going less than an hour since we opened up a 22,331 for the dow. the s&p up a quarter of a percent, up 2507 or thereabouts and the nasdaq also verify they are hitting a record of 24 points at 6472 on the nasdaq. pretty good. check big tech names that we follow every day. amazon opening to distribution centers. one in ohio, one in oregon will create more than 2000 jobs here that's good news. amazon up again at 988.

amick stack for the attack. facebook down as you can see. major aerospace deal to talk about this morning. northrop grumman agreeing to buy the missile company for over $9 billion. the defense secretary very strong with everything going on around the world right now. caterpillar hitting a lifetime high on a nice upgrade of 125% and 123.25. our next guest is a republican student at the university of california berkeley. that's really all you need to know. the campus has been hit with more protests again last week as former breitbart editor ben schapiro gave a speech there. jonathan child day spent $600,000 for security all because of one person's speech. is that because the speech these days on the you see berkeley campus is awfully expensive.

>> yes, it absolutely is an looks like it's going to be more with the upcoming free-speech week. i've heard word that office is spending around that amount, half a million private funds to fund his own little private army. at this point we are having militia groups come on campus to free speech. it's ridiculous. >> free speech was $600,000, so it's not free at all. you are republican on you see berkeley campus. i would imagine you take quite a bit of abuse. you have a point of view that others not only don't agree with, but they dislike you because of it. what are some of the harassment you've had to put up with? >> well, daily weekend spinning, name-calling, yelling, flipping of the finger. that's a favorite of students on campus. i've also been told i'm a second-generation immigrant and i've been told by some people i

should go back home, that i should go back to cuba, i am making america worse. in some cases i've been often called a white supremacist which is ironic. >> so do they ever see the irony of the hypocrisy and what they are saying to you do they recognize their right as anyone in this country to have an opinion that doesn't necessarily agree with there an opinion? >> some people do and i'll give credit to those people because those people actually sit down and have conversations we may not agree about anything we just talked about, but we had a civil conversation come which is all he wanted coming to a liberal campus. other cases where people just won't listen at all. nothing. absolute hatred. they won't listen. ashley: you are under constant threat. do you have people following you home? do you feel that risk off

campus? >> i don't feel at risk per se. i have had the opportunity to learn self-defense, and make sure i was careful, but i do fear for my fellow republicans. i mean, in some cases i have to go and help them defend themselves in other people and its shocking really. ashley: are these people that go to the school causing the majority of the problems are those agitators looking for an excuse to come in and create anarchy. what is that? >> it is spoken in some cases of people employed by the school. in one of my articles i talked about a person they came and attacked me and i was a graduate to an instructor. in another case the person who caused me a drink called me a white supremacist was a professor. ashley: when you see this gsi, graduate student instructor attacked you, it's a he i'm assuming, what did he do?

>> yes. i was protect being a fellow classmate who is at risk of being pushed down some stairs and i protected the person, push the person he was going to push them down the stairs away and the gsi came in my blind spot and wrapped his arms around my hide. he was trying to suffocate me while yelling in my ear to calm down, which is kind of ironic. and so i proceeded to warn him and say listen, sir, you need to let go of me or i'll have to defend myself. i did that three times, he wouldn't let go and i defend myself, got them off me and it turned out to be a screaming match and we all left. ashley: it's appalling the campus who prides itself as being free speech where people can come and share views disintegrated into what it is today. thank you is always for coming and talking with us. stay safe is the best thing we can say. we appreciate you talking to us. they spoke in hot water accused

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ashley: and now this. facebook in hot water for allowing advertisers to reach people who express interest in anti-semitic topics. joining us now to talk about it, kristen tate, contributor with a hill. from what i understand, advertisers could specifically pick out quote, unquote jewish haters. i hate to say that that's the

latest way this report comes out so they could be targeted. facebook says we didn't know anything about it. >> you know, i find it kind of funny. just last month billionaire social justice warrior mark zuckerberg says there is no place in society were for neo-nazis. now we find out that his own company has been allowing people to target and capitalize on jewish hating racists. what a hypocrite. of course as you mentioned, facebook is saying this anti-semitic category was in algorithm but not humans. at the end of the day, facebook has full control of their own algorithms and they need to be held accountable. where do you draw the line? should they allow people to target races. how about people who want to openly execute donald trump. the company needs to take responsibility. >> it's always the hypocrisy which you point out very well. on one hand out across this country espousing the views of

how horrible the conservative movement is because it's inherently bigoted and sexist and so on and when it comes down to the business program and i understand they say it wasn't them, but someone put those algorithms together. that works for facebook. >> that's exactly right. facebook was painting itself as a forward again progressive and inclusive company. one look at facebook's workforce in your slap in the face of hypocrisy. 3% of the employees are african-american. 5% hispanic. ashley: that's another good point, kristen. >> they should practice what they preach. ashley: we've got more for you. going to have to take a break. hollywood coming together for the emmys last night. at the president's expense of horrors. stay with us.

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ashley: sounds good. a bunch of hurricanes coming through those places. maria, by the way, a major hurricane again across the atlantic. let's talk about the markets again. 72 points are there about on the dow at 22,340. i know stuart if he were here would say the markets are saying there is encouragement perhaps that the president going across the aisle, talking to democrats as much as it sticks in the craw of conservative republicans in order to get something done. do you think that kind of speaks better for a chance to get tax reform done? train for stuart, you are right. historically the worst month

since world war ii goes down. as mitch mcconnell, we talked about me that interesting move. the clear tax cuts to keep the focus on tax cuts by pushing the debt ceiling, the remainder of it into next year. the president comes up, kevin brady and his team have a tax-cut plan september 25th. by the way, nasa plans out there to wallpaper grand central station. they come up with reform, broad-based tax cuts he got to watch the market reaction on that. ashley: we do. the diluted version. >> they've got to go full bore. ashley: all right, good point. president trump speaking at the u.n. earlier this hour. he wants to reform it. bottom line. roll tape. >> in recent years, the united nations has not reached its full potential because of bureaucracy and mismanagement, while the

united nations on the regular budget has increased by 140% and its staff has more than doubled since 2000. we are not seeing the result in line with this investment. ashley: the u.s. is the biggest contributor to the united nations. joining us now, congressman chris collins from new york. your reaction to what the president had to say this morning. >> it's good to be with you, ashley. what you are hearing is the businessman, president trump, who was looking for a result and one faction. he understands at the bottom line is and is calling out to you and for being an effect is,, bureaucracy, costly and the u.s. taxpayers are paying for it. he's basically saying enough is enough. get your act together. that's a private-sector business does. you see it all the time. the direct speaking president

trump who throws protocol out the window and says that i speak to you, you lenders and what i'm saying. you may not like it, but this is what i expect for the largest payer of the bills. i think it is spot on looking out for the taxpayers of the united states. kind of fun to watch actually. ashley: it is. he looked very presidential sitting there and certainly got their attention. this is where he really excels. back to his domestic agenda if we could because that's a big room ha ha with him talking to those leaders across the aisle, which is really upset both conservatives in your party, but he said this coming back air force one last friday, the president coming back from florida. in the public and through and through but also finding sometimes to get us through it's not working that way. what is he do? he goes across the aisle. what are your thoughts on that? >> i applaud these actions. and someone who agrees with him.

we certainly didn't get anything called a massive or peel and replace on obamacare, frustrating for a lot of us. when it comes to tax reform and the daca issue, trying to get that young adults that came in under that program certainty for their future, something obama didn't do, i applaud president trump are reaching across the aisle to start the dialogue. america would like to see a bipartisan solution. they would applaud that and i certainly think it is a reasonable thing to do. it's very hard i say time and again in new york and new jersey it's not florida, texas mississippi republican. we saw it on health care reform and some of the same obstacles will stand in the way of tax reform and i think it's reasonable to work across the aisle in these open the door of dialogue, so i think it's all positive for going to get minis

doing the job as the chief executive of the united states of america. ashley: amen to that. bottom line that is what we are measured by. thank you so much. really appreciate that. the emmys got political last night with several celebrities taking shots at president trump. no big surprise there. even former white house press secretary sean spicer made a surprise appearance. take a look at this. >> this will be the largest audience to witness an amine. , both in person and around the world. melissa mccarthy, everybody. give it a. [applause] funny stuff. joining us now, howard kurtz, host of fox news mediabuzz. that was funny. you've got a laugh at that. what was your reaction overall to what happened last night? i said earlier he dipped in for nine seconds i saw lily tomlin, poor dolly parton stuck in the middle and they were just again

using the bully pulpit of the enemies of all things to have a go at president trump. what did you think? >> only lasted 90 seconds. i say that the shock value has worn off. whenever there is an awards show on television staged by hollywood, there would be some trump bashing and of august to chat about it the next day. i really was excited about the sean spicer moment. here's a guy whether you think he did a good job or not was sent out by the president on that first day. he comes, make fun of it, in effect makes fun of himself than he is getting brutalized on twitter, including my many journalists. >> it's crazy. , you have something i'm interested in. train for hollywood reporters show a new all-time low for the emmys telecast last year, even lower from 2016 nfl sunday night the wall, "game of thrones" because "game of thrones" was

not eligible for this holocaust or the emmys this year. this is just a preliminary overhangs coming in. >> howard's reaction and say are you surprised by the ratings? >> note. i think all of these shows like the emmys go on too long, give out an award to the assistant person who held the lights. they have problems beyond the political aspect, but this is true of espn and other outlets that they do a lot of trump bashing, they will turn off people in the audience who might actually like this president. train to kristen tate, i know you have some comments on this. low ratings. do we really care what these people have to say? they are all patting each other on the back and their own egos. it's like we all want to know exactly what they think about politics. i couldn't care less. >> america could not care less. i am not surprised to see the

low ratings here. the problem with the emmys than the anti-trump is it so predictable. jokes are supposed to surprise you. it's the same jokes at the same punchline, people start tuning out. but i think these hollywood celebrities are becoming increasingly desperate and they are playing to a smaller and mohler's life of the far left wing. meanwhile, the myths of america, of america and the business of usual couldn't less what the hollywood people think. >> couldn't have said it better myself. by the way, congresswoman collins earlier i didn't realize we were saying goodbye so early. i do thank him for that. now this. seems like we do these stories every day or every other day. another hurricane gaining strength as it takes same again to several caribbean islands already hit by hurricane arm. fox meteorologist adam klotz to give us the latest on this. where's the storm headed?

>> you are absolutely right. it seems like it doesn't die. here's a look at right now. moving down into the caribbean but we still have posed a him the leeway back off the coast of africa. as far as maria goes, the real big one right now, currently a category two storm or became a category to this morning. that is going to continue to intensify as it runs over it the western antilles. category three likely as it makes its move through the overnight hours. you can see it jumping up to a category four in the puerto rico area, stained a category four to take you along the track. you do notice irma ran up into florida. this one will turn a little bit sooner. this is a powerful major hurricane as a category three continuing to grip that direction. the surprise here. all of the western antilles, areas already hit continue to be

under hurricane watches and warnings that this'll be passing by tonight. these will continue to pop up an update in all of this will eventually turn it storm that's the direction that they hurricane warning. winds up in the triple digits. otherwise, hurricane josé appear along the east coast know that this is a ways out there off the coast of the outer banks today. you may see choppy waters, little bit of rain. this one is far enough away a lot of people won't see it. train to thank goodness for that. thank you very much. we'll probably continue. thank you so much. train to betty gerritsen and 2013 crying before congress, urging action over the irs targeting of her. now the department of justice has decided not to pursue charges against lois lerner. she is here next and she is not happy. >> i am not here begging my

lords for mercy. i am a born free american woman, wife, mother and citizen and i am telling my government that you forgotten your place.

liz: just in time for the holiday season. toys "r" us preparing for bankruptcy restructuring. last hour we spoke with keith fitzgerald of money max express

for people who prefer shopping a brick-and-mortar doors. let's roll the tape. >> i'll use myself as an example. aot of times physically wan to look atomething andeel an touch it beuse i want to know wther it's quity, if it in my hand, toy or want to buy r my children. whater the deals. there is very cleay a can team assessable. i get fstrated and somhing onlinem i going to the sre and not finding it than les likelyo go back the retailer and beg with it. toys "r" us will experience a lot of that. this is an ideal time if they are going to do it because they've got all the cash from the day. we actually filed a claim with usaa to replace that spoiled food. and we really appreciated that we're the webber family and we are usaa members for life.

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>> we applied for 501(c)(4)s that is in 2010 and we were refused that status. we were hauled off for over two years in the irs sent us a questionnaire of 80 questions outside the scope of what they are allowed to ask wanting to our donors names, volunteer names, times and places are where we are speaking. -- ashley: testified to congress outlining all of this. let's call it what it is feared harassment. absolutely. intimidation. turn to what reaction did you get? obviously nothing is happening. >> i am stunned the department decided not to pursue and the only thing i can ask myself is have they seen the evidence that i've seen?

i have been sent home full of papers and copies of e-mails, showing the irs, colluding with the department of justice and maybe that's why we are not hearing anything in the federal election commission along with democratic senators and congress men who target groups and conservative grassroots groups. ashley: it doesn't take a genius to work out what was going on here. it was very obvious. you certainly weren't the only crew. many out there. >> over 300 groups targeted. over 27 month period, not one conservative group that a tax exempt status. for 50 years the irs has been giving exemptions, but all of a sudden for 27 months no one gets one. trained to lois lerner pleads the fifth. refusing to testify. given all of this, did you get a reason for the department of justice as to why they will not proceed? >> not yet. i'm in the works trying to get a meeting with attorney general

jeff sessions. he was my senator at the time, so we understood what was happening. i really want to understand why they don't want to prosecute or even investigate. she actually sent e-mails, confidential e-mails which is a felony to other agencies. that alone is criminal. ashley: you are giving up? >> now. the center for justice is representing. we are suing the irs and the discovery stage. ashley: fight the good fight. thank you for being here. we wish you the best of luck. we also have some breaking news here this time involving the equifax. transfer u.s. prosecutors have opened a criminal probe that sold nearly $2 million worth of their own stock in equifax right around the time. train to three after they were made aware of the breach. liz: equifax by sayin they were notade aware of the bach.

this is not part of their prescheduled plan. now i doesn't sats including powerfulenators asking quesons and rounely when you have can assume it is soon to follow. we wilstay on the story for you. the cfo of eifax and twother executives nearly $2 million are at thetack this problem is ing much. esident tru working with the decrats. it isooking liky you'll get a wateredown tax reform plan put hour.

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ashley: some small businesses not completely wiped out or being devastated at what can you do as part of the small business administration to help them get back on their feet? >> you know, not a lot of people know the disaster relief comes under my portfolio at spa in the only time spa actually loans money for home mortgages. typically we guarantee loans. we are already on the ground. as a matter of fact, we have

approved already over 3100 miles for about $268 million as of this morning. so we are getting money into the hands faster for homeowners. ashley: are many choosing to rebuild or are they just saying i can't rebuild, just not worth it to me. that's an important fact are. >> right now they are choosing to rebuild. areas of houston where harvey came through that people really want to get back in their businesses and our goal is to get people in their homes and get the small businesses back. small businesses are the glue to the community. ashley: they are the lifeblood, no doubt. so one minute they had a business where they didn't have a big loan. now they've lost their business and they have a big loan to rebuild, but nevertheless they have extradited. >> they do, but the interest rates for these loans are very low and fixed for as long as 30 years. we are in there for the long haul. we don't just come out and the

ground quick. we often co-locate with the amount. we now have about 20 district offices, business offices in five other disaster opposites on the ground already. ashley: you have been remarkably busy. we followed the president as he traveled to texas and florida. you run the strips, aren't you? >> i'm on some of them. the president when he talked to me about taking the job, small businesses at the back bone of the economy. i want some there has built a business and knows what it's like. so i'm on board.

ashley: it is 11 a.m. here in new york, 8:00 a.m. in california, good morning to you there, stuart is back tomorrow, this hour, president trump attending first united nations assembly, on his first meeting on u.n. reform, saying that u.n. has not reached its full

potential. plus, take a look at this. can you believe, another hurricane in the caribbean, maria this time, she could hit already battered islands there, including puerto rico head to mainland u.s., too early to tell where maria is going. do we need another one? no. and remember when president tweeted about book green card warrior, author nick adams is here in studio with us. it is going to be a good time, market hitting all-time highs today, dow up 72. 22341. market just keep going higher. big day for politics and money, that is what we do. third hour of "varney & company" starts right now.

ashley: all right. let's check the big board, dow 30, a lot of green, more green than red. we're up 71, record high, 22339 on the do you, you can believe it. here is the question, can we go higher, is there reason to sell, some people always find a reason to sell, if you have you missed out, joining us scott martin, kings view asset management and herb london. thank you for being here. a lovely monday morning, scott to you, the market keep going higher any reason not to put more money in? >> no, i don't think so, as long as you have a time horizon that at least a couple years in advance, sense that we do have high prices, valuations are getting lofty, not near where they were in late '90s, one thing that market needs that thing that businesses and

individuals are hinging on is some bipartisan tax agreement, that maybe we have. if that happens, that is as good a reason to take that cash off the sideline, put it in the market. ashley: stlai lot othere is a lh at sideline. ashley: herb, if we get tax reform, and people saying president is using a dirty word, compromise, talking to democrats for heaven's sake. but if we get tax reform, it could be watered-down, is that good enough for the market? >> i think as long as you get a reduction in corporate taxes, that will be like a shot of adrenaline for this market. now market is a record high, i think it can go higher, how high remains to be seen. there is no doubt, that if you start to get lower corporate rates from 40%, 45% to 15% that would be a remarkable development.

and lead to repatriation of american dollars abroad. ashley: that is good, can we get that with the strategy of working with democratic leaders, as opposed to the conservative. >> i think, look, if you do it incrementally, one step at a time, i think that is possibling i think that the democrats are interested in some tax reform, they are much concerned about taxing the rich that is their -- >> that is the trade off right. you have to wonder, mccain did the cross over, with to democrats. in nixing repeal and replace, you wonder if that get democrats to move across to republicans to get tax cuts. i don't want skinny reforms. ashley: you want the full monti, that is what you want. >> size does matter in this case, to take away from fullmont y. and link it up there. but -- >> don't. >> the scary thing about taxing

wealthy those are job creators, those are the economic engine movers of this economy, i get worried we talk about saving those or not taxing those, we -- you know we need them to create jobs. and spend. if they don't get relief, you won't see a boost to the economy. >> i am sorry, democrats treat small businesses and taxpayers like a budget line item, that has to stop, they have to stop being the loudest voices in the room, this is the time to fight. this not the time to buckle and be defeated. >> you are right. scott, your feelings on that, wells fargo study saying that investors in every generation are hoarding cash. is that a big problem in your mind? >> it san interesting one. they within through three generations, the baby boomers, i

understand, they are retiring now, the gen xers have high cash levelers that is shocking, because they are a lot coming into their big earnings power years. their time horizons or longer it is odd there is cash there. we have client in that age group, and millennials they are doubters, they are haters anyway, they have been through financial crisis and real estate crash and ups and downs of justin bieber's career to understand why they are more scared to use cash. they should use this to invest in market. ashley: millennials are living in mom and dad's basement, they should have all sorts of money. >> no rent. >> that is right. you can't count on millennials for anything, they don't understand what is happening in the market. ashley: they have not lived enough. >> a lack of experience is demonstrated by the lack of any kind of concerns about financial

matters. it a problem, because when you want to get these dollars working, working in the economy. and if they are on the sidelines, that does not have an affect. ashley: scott, good-bye, but very lively performance for monday, thank you, scott martin. >> thank you. ashley: to u.n., president trump tracing full general assembly tomorrow, toward he calls for reform of the agency. >> to honor the people of our nations we must ensure that no one and no member state shoulders a disproportionate share of the burden, that is militarily or financially. ashley: you know, herb, your response. he is make -- look the u.s. is putting in way too much money into this thing. what do we get out of it? >> looking at two states, united states and japan, they count for roughly half of th the expendits

in the united nations. the president is right, where are the chinese in this matter, great brits and france and europeans? well is no doubt that they look to u.s. to carry the burden. >> what do you think, lizzy, he looked pretty presidential, he made strong points, to herb's issue where are these other countries? >> that is a great point, europe can afford to be so post modernist criticizing u.s. unitd states because u.s. get to dets it back. the president of the on point. the issue is whether the dc media beltway will focus on the thrust of his argument or pick apart and be petty about other issues. ashley: my guess is number two. we know that. all right, next one, herb, u.s.

fluer -- flew advance war planes over korean peninsula saying cut it out. what is the end game? to we move it from white house or pentagon and say we have to take care of this or just continue to play this game? >> i think that game will go on for a while. but i think what happened in united nations is unresting. russians and chinese talk about a freeze proposition, freeze testing in north korea and freeze your military engagement, this is absurd. i am very much opposed to it but interesting this russia and chinese saying that we can control the testing in north korea. ashley: really? >> obviously if there is a freeze-freeze. ashley: but china has refused to play the game. >> i know but the very fact, they offered this kind of a

proposition, suggests that there is a possible negotiation that might emerge. ashley: i hope so, say there. >> okay we have a lot of oil, we continue to frack it out of the ground, oil prices are down about 1%. 49.39. gas prices down a bit overnight too. national average around 2.62. doctor contractor northrop grumman buying orbiter adk, we have news on equifax, justice department opened a criminal investigation to whether the three executives violated insider trading laws, had they sold their stock, they sold the shares before the company disclosed that massive cyber hack, they said they did not

know about it. the company said they did not know about it. we'll see. what does judge napolitano think about this? we'll talk with him later and also sanctuary cities. >> to taxes, we're getting watered-down tax reform, that appears to be the way it is headed. blaming it on democrats, grover norquist said that democrats are not involved in anyway. stay right there.

ashley: all right, that is what it's like when u.n. general assembly is in town. president trump in from trump tower, everyone was late, that is why, that is super bowl of traffic jams and super bowl of security in new york. that is why we love this he says through gritted teeth.

a picture worth a thousand words, you are going nowhere. we're joined by grover norquist. not stuck in the traffic jam. americans for tax reform president, grover, we are getting watered-down tax reform, especially if the democrats are involved are you could --? >> it does not make sense, only reason you would want any democrat is to get to 60 votes, so you could have as large a tax cut as possible, and dramatic tax reduction in year 11-50. those tax cuts would disappear in year 11, like bush tax cuts unless they were paid for through growth, which is

important. tor by making assumptions on present policy versus presence law. you can get several trillion in decade with that strategy. are 8 democrats going to walk over and help us have a larger tax cut in the future, i don't count any. i do not count 8. would one democratic the one democrat who gave us 50 votes, no. you could get after you got 51 republicans in the senate, you could have one or two democrats trying to save their back side for 2018 election saying me too. but no one will be there to make the difference, you might get 7 to agree to a big tax cut in theory, knowing you don't have

8. all those of going down lined allies, it does -- blind alleys, it does not work, they wrote a screw you letter to the republicans saying we would love to help you, as long as you don't use budget reconciliation, so you need 8 votes, which is never happening. that is a we're not in letter, only three people did not sign it. ashley: president trump said middle class tax cuts are his priority, but we heard that rich could end up paying more in taxes if you take away state and local tax deductions. you can live with that? >> two things, everyone will get a rate cut. it is possible that in -- some rich people in some very expensive cities in blue states, would at least in short-term be

paying more because they would lose the deductibility of high property taxes and income taxes in manhattan and san francisco. on other hand, if you are in stock market, we take corporate rate down toward 15, i don't think that there is anyone in country who'll be worse off for tax reform, and almost every american will be better off, 90% of americans will no longer have to itemize their deducts. ashley: you mentions corporate tax rate, senator orrin hatch said he doubts that president will be able to slash it down to 15%, it may be closer to 22 or 23%, what do you feel? >> 15 is better than 22. but 22 is a heck of a lot better than 35. and americans for tax reform we're pushing for 15, that is a great number, i think 14 is

better, but 15 is wonderful. the smaller the digit the better. and then, the other thing to look at is full business expensing. you could do it for 3 years, on a static model cost $11 billion for crying out loud, you don't have it take it permanent. people start you know going dramatically into savings and so -- i am sorry that is 50% is 11 billion, you can fit a lot in for 3 years and think about it should we make it permanent i think it is should be yes. there a tax looming from obamacare we need too kick out to future and/or kill. to tax to insurance premiums for crying out loud to reduce your cost of healthcare. we should kill that tax. >> make it retro active to enjoy that this year as well, anyway. >> i think there will be a lot of retro activitity. ashley: i like that, thank you,

grover norquist, thank you. >> but. ashley: check general motors, canadian union to strike at a suv plant in ontario, that could holhold up product of the. >> and check by the way big hurricane gaining strength in atlantic, the name is maria, a category 3, we'll have the latest tracking next.

ashley: now we have update on power outages after hurricane irma, about 230,000 customers are still without power today, that is about 5% of the total customers, power supposed to be fully restored last night, company found more damage than expected. now all power should be restored by tomorrow. it was towards end of last week of it 4 1/2 million. >> did any country spend help to

us at hurricane. it. ashley: good job by florida light how they work amazing. hurricane maria gaining strength in atlantic, fox news meteorologist adam joining with us latest. >> this has been developing quickly, this morning 8:00 a.m. it witness fro went from cat 1 w a cat 3. watches and warnings through out island, this is our storm track. running from this category 3 up to a 4 runs over islands this track right here, this is where irma went, look running very similar, not the same, jumping up to a category 4 passing by pr puerto rico.

good news for folks in the key this one turns to the west. by time it makes a turn a wide berth, it runs through several different model rderings, by the te we get t the endhis is a wide aa, we're not 1% where thiss going, tt takes you to saturday and sunday. ashley: hopefully not florida, all right, or anywhere in u.s. mainland. remember when president tweeted out about the book "green card warrior" the author nick is with us, we talk to him about sanctuary cities ruling. and head to break, markets, dow up 80, 22347, we have a record high on nasdaq, every day is a record day on the markets. not bad. looking at a picture of u.n. a big week for u.n., they are

meeting, which means we can go nowhere fast here in new york city, we'll be right back. patients that i see that complain about dry mouth they feel that they have to drink a lot of water medications seem to be the number one cause for dry mouth. i like to recommend biotene. it replenishes the moisture in your mouth. biotene definitely works!

ashley: we start the new trading week, setting a new record high up 85 on the dow. not a bad way to start the week. where else does your money go but equity right now. joining us now nick adams author of "green card warrior," president trump gave the book a shout out on twitter, a must read. the merit-base system is the way to go, canada, australia. welcome, nick, joining us now. president trump is at the united nations, giving his center piece speech tomorrow. today talking about need to reform it. it slow, and inefficient. what with your thoughts? what u.n. today. >> i believe in united states of america, i don't believe in the

united nations. i think that world's fortune travel with the united states, when american is strong the world is strong. when america is weak the world is weak and dangerous place. and i don't think that united states -- or united nations has much to do with anything, i think that is really important that americans get put first. and i don't think that united nations is really fulfilling their potential. and so -- ashley: who would you like to see it do, all it would do put out harshly worded statements when someone bis -- misbehaves. misbehaves. >> of course we see countries like israel get persecuted and other country where true evil exists given a free pass, there is something wrong there. ashley: all right, a federal judge in chicago blocked attorney general rally jeff

sessions push to withdraw federal funding for sanctuary cities, judge napolitano is here, you were right. you understood the feeling, you don't want to reward cities who are going against federal law, encouraging people here illegally to seek sanctuary there but at same time you said you can't withhold money. >> because congress in obama years budgeted this money for police departments it did not have the string attached you will cooperate with i.c.e. ashley: right. >> present congress can put that on future grants. right now the cities are faced with this choice. take the money and tell i.c.e. to my a kite. in future they will choose between assuming this is the law of the land with republican congress and president but one never knows, cities will be forced to between choosing taking money and cooperating

with i.c.e. or having sanctuary seas and no city and not gettin, they always take money. a word about sanctuary cities, they are not places where federal law goes unenforced. they are places where the feds conditiocan't order state and lo cooperate in enforcing federal law and the feds must do it on their own. ashley: problem, saying they hold an illegal immigrant who has committed a crime, they are not holding them until i.c.e. officers get there. >> tha that is not a classic ca, they have committed a crime, prosecute served time in jail, getting out of jail, and then i.c.e. wants to pick them up that moment they get out of jail, in that environment, the stay cities are saying we're not telling you who these people are. do they have to? no, unless they agree to do so as a condition of accepting a

federal fund which does not currently exist. ashley: nick, this makes my blood boil, these cities in my mind, encouraging human traffics putting out to carrot. if you can just make it here we'll protect you. >> i could not agree more, someone who spent 4 1/2 years and close to $50 thousand to get my green card, i did it the right way. it is easy if you top come the wrong way. -- if you want to come to america the wrong way. i know if there is any carrot or reward or any likelihood of the bad behavior being rewarded, all that is going to happen is more and more of that behavior. ashley: that is human nature. and herb, nick and i both went

right route, if is not an easy process. >> but it is worth it. ashley, of course, it is. >> i could not agree more. >> it is a slap in the face of these who have done this appropriately. but you think about kate a law,, that young lady in san francisco killed by someone who had already been apprehended several times, that to me should get the blood boiling of every american. this is an outrage. ashley: you have these poor you know people, that are piled into back up trucks left to die, we had a horrible case in texas, they have the carrot out there, if you can just get to city we protect you that is a huge problem. >> tough love. ashley: yes. all right, another one for judge. department of justice opening a criminal set ofgation t -- investigation whether the

equifax executives knew about it. they sold a bunch of stock, saying they did not know about the breach, an investigation is now underway. what do they have so show. >> it depends on where they were when they sold the stock. ashley: being. >> if they were in new york they are protected, second circuit court of appeals has viewed insider trading different from the rest of country. and federal appeals court for stay and nate of ne state of nef you use insider information you have obtained yourself, that not a crime, if you pay someone for that insider. information and you use it, that is a crime. ashley: they had; information that the public did not. >> i am telling you, this is an odd state of affairs when a

federal law means something different in one street of the country new york city, financial city of the world, and something different in the rest of country, supreme court has not yet resolved, that state dvd dvdly, if you trade on -- differently, you are largely protected if trade in new york city, if you paid someone that is a different story. >> i understand that point but you know it strikes me the optics are very unusual. if you are dealing with the executives who have access to this information, not withstanding that point, it seems that is a very dangerous slope that we're going down. >> it is dangerous when federal law means something different in one part of the country than others. congress has writ' a statute that had mean the same thing all over.

insider information is a commodity you should be able to purchase and act upon in my view, but that is not the law of the land. ashley: anyway you look at it, equifax looks pretty bad. >> thank you very much. >> by the way, liz claman with an exclusive interview cisco executive john chambers, we learn this cisco engineers discovered a security but that and issued a patch that equifax failed to update. the story gets worse. update on wildfire in west, 2 million acres of land are burning, an area nearly size of rhode island and delaware combined. buzbut good news, montana snow s started to fall 60 days ahead of schedule. it is helping to put out some fires, but the fires are so big that snow probably will only slowdown the spread of the

flames not fully extinguish them, a huge story. >> amazon, new york wants to score amazon second headquarter jumps into race with several other cities. >> sunday night official, aaron rodgers and matt ryan together for rematch of nfc championship game, first regular season game. falcons new home, mercedes-benz stadium, falcons beat up packers 34-23. >> rolling stone magazine put does up for sale, telling "new york times" that future looks tough for family run publisher, it started in 1967, whe when hes a student in berkeley, california. it used to be a place for free speech. he runs magazine with his son, but roley ston "rolling stone" d

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ashley: president trump working with democrats on serial items -- several items on his agenda. fox news politics editor chris steyerual. what do you mean by that. >> we think populism in u.s., we're talking about idea of giving people what they want usually. but populism as it is connected to president trump brand of nationalism, this has to mean something particular in lava at

center of this, it drove a lot of trump success is. on issue of uncontrolled immigration, and illegal immigration. amesest iny for those -- amest o for those here. the favors among democrats and a lot of republicans that favor some pathway to citizenship, so we can start of do enforcement but get past the current moment on this, and his base does not agree. ashley: president obama gets paid big for wall street speeches, the irony. he is set to give another speech this month. price tag is $400,000. chris, do you remember when

president obama at the time said this -- >> i want to be clear, we're not trying to push financial reform because we begrudge success that is fairly earned. i do think at a certain point have you made enough money. ashley: he has not reached that money, $400,000 a speech, what do you think. >> that is low. i would say, i think ronald reagan got $2 million in 1989 or 1990. for his first post presidential speech in japan. so question for obama is for him and his post presidency, he is deviating from the norm of his predecessors. model establish by george washington, you retire from public life. after you serve as president, you retire from public life. when you leave the presidency,

you don't just say, okay i hadny twmytwo terms, you retire fullyu leave, you go home, you are not part of publici public discours. he is changing that doing these speaking feesa wall street, he will push political discussion out there. ashley: a couple of months that is $800,000. that is 9 million a year, not to be sniffed at. we got this statement from president obama spokesperson kevin louis saying since leaving office president obama spent his time doing public and private events, paid, unpaid, true to his values and record, his paid speeches in part allowed president obama to contribute $2 million to chicago programs offering job training, unemployment opportunities to low income youth, at least some

money is going in this direction. coming to herb london. >> the president should be making larger terrible contributions, you may recall when he was senator operating out of illinois, his financial contribution to charities was less than mine. and i earned only a 10th of his salary, the president should remember that harry truman model, keep the car running, i'm going to leave the white house, we're drying to missouri. ashley: chris, the car is running but next to the next paid speech. we did get that statement yes, but a lot of money is being funneled into programs needed in chicago. >> liberal democrats, have already long begrudged open

obama's connection to wall street, but as willie sutton said, thithis where the money in american political life, the aim of money that is in financial sector, you can't overlook it, obama made them. he is to be credited no matter what anyone's political view is, for making a serious investment in chicago, he could have chosen -- i would have picked hawaii. i would have said chicago is cold, in winter, and violent and a bad neighborhoods, a lot of bad neighborhood, he chose chicago. so that probably a credible thing. ashley: a fair point, chris stirewalt thank you so much. >> thank you bet. ashley: winning at emmys. tv's biggest stars using emmy

stage to slam the president. what a surprise. more on that in a moment. just like the people who own them, every business is different. but every one of those businesses will need legal help as they age and grow. whether it be with customer contracts, agreements to lease a space or protecting your work. legalzoom's network of attorneys can help you, every step of the way. so you can focus on what you do and we'll handle the legal stuff that comes up along the way. legalzoom. legal help is here.

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ashley: hollywood taking aim at president trump, this time last night emmy awards. >> if he had won an emmy, i bet he would not have run for president. president has complained that the emmys are rigged. unlike presidentially, emmys go to winner of popular vote. >> back in 1980, that movie, we refused to be controlled by a sexist lying hypocritical bigot. >> 2017 we still refuse to be controlled. >> i to thank trump for making black people number one on most depressed list. he is reason i am probably up here. >> thank you to hillary clinton for your grace. and my mother and sister. ashley: thank you hillary clinton for your grace, and blaming everyone but yourself

for losing the election to what they believe it most hated man on the planet. you know poor dolly parton. stuck between hanoi jane and -- >> it is free speech. ashley: we have to sit and listen, i lasted i tuned in when lilly tom tomlin took the stagei said click. >> i did the same thing. >> a gam great comment, this a d of independent thinkers, these people think of themselves as independent, yet they share the same view, it is the teed yum that is upsetting. ashley: why not thank all of people or audience.

>> i just think for network itself, this is same issue with espn there is a trend toward -- they have their own political viewers, you justin assaulted trump viewers with your comments, with rise of cord cutting. ashley: they are digging their own career grave. >> networks are. you know espn with the you know littlpoliticizing there and vies don't like it any more. this is tedious. ashley: it shows me, they have not learned. there are a bunch of a lot of people here that don't live on the left coast or right coast, they live in the middle, they don't agree with these values that these entertainers, quote, unquote, are putting out there. >> i agree, in hollywood you have a misguided view of what the country is about. if you are in middle of country

you get's different sense. in new york and california you get's notion that everyone is a liberal or everyone shares this view of america, they do not, it is important that americans know that fact you are going to get lower ratings, many people who are dissatisfied. and people will say, who cares. >> click. >> right. >> and beyonce tells me that's earthquake occur because of donald trump, that is enough. ashley: we'll leave it right there, that says it all, more varney right after this. you each drive a ford pickup right? (all) yes. i'm going to show you a next generation pickup. awesome. let's do this. the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. stronger the better. and best of all, this new truck is actually- (all laughing) oh my....

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is actually better than it was earlier, but still with the u.n. in town it is just one gridlock that you just want to avoid. head west they say from here and don't look back the code security is a nightmare out there. if you're late for work, we understand. neil cavuto, you are never late for work. take it away. drink you it will be a mess this entire work. thank you very much geared keeping an eye on hurricane maria and she is barreling towards puerto rico as if bad commonwealth can afford to get hit again. keeping an eye on josé and stubbornly high gas prices that aren't going away and these two storms that the markets are closely following are a big reason why we are all over it as we were with these prior storms on top of them for you. staying on top of the president of the united states command making his united nations debut, president trump meeting with mr. benjamin netanyahu at 1:00 p.m. he will deliver his firstpe