Skip to main content

tv   Varney Company  FOX Business  September 25, 2017 9:00am-12:00pm EDT

9:00 am
>> in toxic transport regulators about moving into that country. at times in the past 12 months. >> they will if they decide to move into london. >> great show, everybody. we'll see you tomorrow. "varney & company" begins next. stuart: thank you indeed. what about us? what about all the people who want to watch sports, not politics? what about the people who voted to and obamacare and it still with us. what about middle america? good morning, everyone. gee, great to be back. trump versus the nfl. cause players to stick to the anthem suvs and owners to fire them. a variety of responses. the seahawks, steelers and titans played in the locker room. on the field, some to the knee, others locked arms. my personal favorite, the steelers former army ranger
9:01 am
stood tall during the anthem while his teammates stay out of sight. his coach was not happy with him. here is what we know. the nfl is heavily subsidized by taxpayers who make it a little annoyed at the players and owners who are biting the hand that feeds them. here is that we don't know. the impact of president trump's call for boycott but we look at the tv ratings soon. and then there's obamacare reform all but dead. six republican senators expected to vote no. i am looking for a silver lining. maybe the gop's ethics available for cs on tax reform. we have some leak details on the new lower tax rates now be discussed. it is monday morning in a divided america. "varney & company" is about to begin.
9:02 am
stuart: monday morning, the dow closed friday at 23,000. 22,000 sorry. let's get up to speed. 22,349 will open ever so slightly lower this morning. of course we are still very close to an all-time record high. when stuck in particular pay attention to. we don't spend much time on it. general motors will open this morning at $40 a share. a couple weeks ago floundering around for a couple years it 33 pointer before. i don't know why but we are going to find out. that is briefly financial news this monday morning. let's get to the nfl news because you have to present it was a response to the president's demand that players who disrespect the flag on the anthem with the suvs are protesting what they see us racial injustice. jacksonville jaguars and other players locked arms they took the knee during the playing of
9:03 am
the anthem before the game against the ravens in london on sunday. by the way, they all stood for the british national anthem if you can believe that. the pittsburgh steelers remained in the locker room as the anthem played for taking a defensive defensive lineman, army veteran alejandra villa nueva, west point director, served three tours in afghanistan, stood with his hand over his heart in the anthem played. garrett maxes with us. what about others? i want to watch sports, not politics. >> everybody wants to protest something these days. i'm taking a knee against politics and sports. there's a critical need for sports. we've seen it and while as a society we have serious problems and matters to be dealt with, sports is not the avenue. i go to sports for the same reason i go to an ice cream shop. i'm not going for a smoothie of
9:04 am
kale and beets and carrots. if you keep serving me back, eventually i'll find another ice cream shop. stuart: i think the president was wrong to use inflammatory language like suvs. i think that didn't do any good. but i want to know, do you think the tv ratings will suffer because of what going on before the game with the anthem? >> if this continues, yes it will because sports fans will be captivated by this. football fans are probably fine majors and politicians are sports expert. as already fleischer treated yesterday, this will be better if preaching politicians on sports. if you think in terms of the president,. today their mom saying to their kids come as long as you live under my house until you turn 18 you follow my rules. then you turn 18 in the top people, don't tell me how to
9:05 am
live my life. when you become a business owner you say don't tell me how to run my business. the president post 32 owners how to run their business and that's where we saw the response with owners who support the president like the jaguars owner locking arms saying don't tell me how to run my business. stuart: we look at the tv ratings this afternoon. >> great games yesterday. stuart: maybe the ratings will go up. it's quite possible people want to see what happened. what have we heard anything from every sponsor who may be sponsoring a player. >> we do know that stocks will largely this month, television companies to broadcast the nfl are done between 1% and 8% this month. stuart: maybe there is a linkage they are involved in now. stuart: i think you're on the right side of this one. you can come back. thank you very much indeed
9:06 am
commissary. let's get to politics. joining us now, congressman louie gohmert, republican from texas. welcome back. >> great to be with you. by the way, shouldn't these athletes that stood for the british anthem, shouldn't they just stay there and used their socialized medicine over there? and let the people in the e.u. tell them how to live, although they are breaking out. i think they'll be ready to come home pretty quickly. stuart: i think so, too. i want to dismiss the obamacare fail. i know you're going to try it again. >> we can't appear too many people are hurting. stuart: i am going to take failure as a given. or with me for a second. >> and demanding we come to the senate come and demand that they do something. i am wanting a resolution that is sent to the house the senate must act in go after the steps
9:07 am
and point to the senate you people are hurting and you're the reason. we are going to be doing stuff. stuart: surely this massive obamacare the kicking today can the gop ticket tax reform done. you have to do it today. here is what we are hearing of weeks and what you have you. the 35%, individual tax rate, 25%, new rate on small business. but surely, if push comes to shove, you louie gohmert can vote for the tax plan. >> i'm pushing for lower. stuart: surely you would vote for that. >> we need to do better than that. stuart: you wouldn't say no if i
9:08 am
was presented to you, would you? >> now you're taking away the negotiation. we are going to pass -- we are going to pass a tax cut. stuart: would you vote for a top 20% rate for corporations? 35% for individuals? is there something wrong with that? >> yeah, i want 15% silicate or manufacturing back from china. and we ought to have the sole proprietorship. i've told you, i am voting for a tax cut. i am voting for, but i'm going to keep pushing lower. you bet you. we have got to get it as low as possible. when we finally got the full 40%
9:09 am
cut, now we are talking about 1.9% growth. they got over 8% growth. would not be awesome? get back to 8%. stuart: you politicians, forgive there for pejorative. i do respect you. you've got to have 50 republican votes in the senate in 218 republican votes in the house. that is the bare minimum. stuart: if we do a repeal if anything, it's going to give us extra money to help lower taxes even further. stuart: yes, you will. you are now on videotape saying i will vote for a tax cut. will your stock just rock it. >> the stock market may. it is the best thing we can do for the country and although cbo and the left wing and weirdos
9:10 am
don't understand it, when you cut taxes, you cause the economy to explode and it's going to be good for everybody. even those kneeling for the national anthem. stuart: you've got to do it this week otherwise you have to get 60 votes in the senate. >> they are pushing for us to vote for a budget, which is bath apt words. the only reason our leadership is pushing for a budget to pass now after we passed the 12 appropriations bills is so the day can do 51 votes in the senate over the next 12 months. but i want to wave. just do it. i love that. that ought to be a good slogan. stuart: i think i've got another subject in about 10 minutes. >> all stay. all you have to say is stay.
9:11 am
stuart: the united states of america. check those features. where are we going to open this monday morning? 20, 30 points may be to the s&p and nasdaq. just coming up later this hour. his name is frank abigail. that is not him. that's the act or who played him. he's a former fraudster, subject of the movie, catch me if you can. now he helps the fbi catch fraudsters. i want to know, what can hackers do with all the data they stole from aqua facts than others? should we worry about money and our bank accounts? could they be wiped clean to vacate? frank abigail will answer that question at 9:45. angela merkel wins. but the anti-immigration party gave a lot of power for the big changes on the way and how it handles migrants in the future. the latest from north korea. the u.s. air force leading a
9:12 am
flyover in international waters just off the coast of north korea. first time in the 21st century we've seen a show of force like this they are. more "varney" after this. ey're e saving for a house, or starting a college fund for my son. actually, i want to know what you're thinking. have a seat. knowing that the most important goals are yours. multiplied by 14,000 financial advisors, it's a big deal. and it's how edward jones makes sense of investing.
9:13 am
9:14 am
9:15 am
stuart: angela merkel wins a fourth term of chance of germany. the anti-immigration party made a very strong showing. mr. ambassador, john bolton, former u.s. ambassador to the united nations. it seems to me, take a big picture for a second, looks like there is no strong voice in europe any longer. no leadership. >> yeah, this has been described as a hollow that refer chancellor merkel. the christian democratic vote fell by over 20%. this is the worst vote for the christian democrats since 1949. it isn't any better for the socialists, number two party. they had their worst result since before world war ii. obviously, the big news is the alternative for germany party
9:16 am
which case something over 13%. this will transform the debate. a lot of the issues, merkel is able to dodge in her previous term are now hotly debated in christian democrats now face the problem. may not affect them for the next year or so, but this is clearly the last run for a separation plan is far from clear what that will look like. stuart: why should we care about the election result in germany? >> because it is part of a trend across europe. traditional parties are losing their dominance. voters are dissatisfied. yesterday the free democrats sometimes called the liberals come in it and century liberal, very pro-free market got over 10% doubling their votes in the last election. i think this is a signal over all the german politics is shifted to the right. not dramatically.
9:17 am
as i say, excretion democrats and social union in the area i think they will move to the right as well. >> the air force through bombers and fighter jet with international waters. first time in many years. what do you think is the next move for the united states having done what we just did over the weekend. i think it's my gas for about three weeks. the president wants to see what happens with xi jinping where they will try and end everybody wants by north korea and china. my guess is not much. the president will have to make if he is prepared to show willingness for use force against north korea. stuart: that would be shooting down one of their missiles. that would be a show of force.
9:18 am
god be the next move for us. >> that would be a show of force. the real problem is not that we would have trouble doing that. it's not what the north korean response would be coming just a few days retaliation against south korea. the biggest concern we've always had in the president has to plan for that. that would mean before we do anything like that, he's going to have to order the dependent personnel from the military, state department hasn't done that, has issued a travel warning, hasn't redeployed american forces for the region. we are a long way for the possibility. stuart: that would be a signal. >> we've got to decide are we going to live with an nuclear north korea as susan rice and democrats are, i don't think we should. stuart: duly accommodated or do we stop it? the left wants to accommodate mr. trump wants to eliminate and stop it. mr. ambassador, thank you for joining us.
9:19 am
i want to bring you the latest on puerto rico. the entire island still without power could be this way for months to come enemy not. report of looting, lawlessness food, medicine, very short supply. people have become prisoners in their own homes. we will be back.
9:20 am
9:21 am
so we need tablets installed...
9:22 am
with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver.
9:23 am
stuart: where is the price of oil? a 51 per dollars barrel. how about the price of gold i bet it's below $1300. yes, it is. $12.95. the international safe haven of come off that market. puerto rico, widespread devastation. the island to be without power for months and that is a direct quote, months. louie gohmert, congressman still with us. they will bail out to be bankrupt in a rescue disaster and we are going to pay, are we? >> well, we -- they are in desperate need are the problem was before the hurricane they were needing a big bailout. they got one, they've been needing another one and it looks like as if okay, we are going to have puerto rico. maybe this time they want 30
9:24 am
plus% of the population working for the government and growing a business. it is a great start for everything am puerto rico. it's time to do it the right way. stuart: i'm not familiar with the economy of puerto rico. it sounds to me like a very left wing oriented economic. >> my friend when he was governor, he realized they were on a sustainable course. and he was blamed for letting go of 30,000. but he was trying to get on a stable economic footing. and he was making step in the right. that's the kind of direction it would take to get puerto. stuart: here's the problem. the people of puerto rico in
9:25 am
elections in the federal elections, if we issue with generous bailout money in the infrastructure, there'll be to pay. >> could be, but there are people saying that there has to be some responsible action taken. unfortunately the minority or the majority because luis got voted out. stuart: maybe if they are bailed out. >> emissions can be imposed and you get more like a free-market economy. hope springs eternal. but they have got to get away from the 39% tax. they are to be the hong kong of the united states. no federal income tax. but they have so much local tax they run our businesses. stuart: louie gohmert, next time you're in or come you got a come
9:26 am
back. >> i love being with you. you make me smile. even when things are this bad. stuart: exactly. thanks very much. we will open this market 25 points lower in a couple minutes. stay there, please. watch your money grow.
9:27 am
♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone
9:28 am
9:29 am
9:30 am
stuart: and 15 seconds will open the market up again this monday morning. i like to remind you that dow industrial on friday closed at 22,349. that is the level we are now out of the market opens and two seconds. then, here we go off and running. sec of green or red in the early going, no move yet. down 35 points, down 31. modest loss at the opening bell. s&p 500, look at the broader market down there. what 14% and the nasdaq down a third of 1% with a sharp loss there. take a look at wal-mart. interesting that they are testing grocery delivery. that is reportedly the stock following a 79. amazon will soon deliver shake shack in aaa to your door. it is ramping up food delivery, but the stock prices below the 950.
9:31 am
big pack for some pushback coming to the stocks. facebook is supposed to rethink its share structure. apple really have with weak demand for the new phone and of course the new watch conductivity problems in amazon being questioned about its tax exempt our and they are all down this morning. who was with me on this monday morning? ashley webster is here. keith, you first. you solve the problem coming with apple in its down about 160 today. is it just lack of demand for the new phones? >> two things. that's a big part of it because everyone's nervous with reportedly big slowdowns. back off a little bit. the other thing going on at the time of year. window dressing is in fine right now, meaning traders will be selling stuff and get it back in line by bonus times. with apple is one of the most densely traded stocks in the
9:32 am
world coming naturally selling off in the face of all of that. stuart: before you go, would you or would you not buy apple at 149? >> i have no problem buying apple as it approaches 200. from a tactical standpoint i want some footing this week and then i'll reconsider it. stuart: jeff sica, facebook will not doing your share structure which i've never quite understood anyway, but they've got this fake news controversy. does any of this effect to stop private boost is down today. 168. >> it does affect the stock price. investors have to realize this has everything to do with facebook's previous culture versus their new culture. they are a media powerhouse right now that is run on algorithms and at this point, they either have to make the decision to begin to scream and is individually with actual people or the hot problems. stuart: is that 168 injured by it or not i have?
9:33 am
>> i would stay away from it. i think it's overvalued. stuart: keith, one mistake stock with you. too you. to become a too powerful and tactics are destructive. would you buy amazon at 9.47? >> .when i would have no problem with because they've got a long-term day. recommending these levels doesn't phase me in the least. it hasn't even begun to unlock what it does the services and the data. a lot of value there. stuart: we are listening to that. politics i think the health care deal is dead. not officially dead but it looks like it's dying as we speak. therefore, i think that tax cutting gets a shot in the arm. if the gop fails on health care, surely they've got to deliver on tax cuts. am i right or what? >> never underestimate the incompetency of confidence congress to get anything done. if they fail on the tax cuts,
9:34 am
this market which has been up for nine years is going to have a very good reason to sell off because the bottom line is small businesses, which account for 60% of the jobs in this country are not participating. >> they don't say call me shirley by the way. they cannot get health sandwiches on life support advance. i don't see it happening. some sort of tax credit will be absolutely critical. stuart: if we don't get a tax cut before the end of the month there's a market selloff. >> i think so, stuart. confuse having a plan of doing something with anything in washington. leave your brain outside the beltway if you go there. the market falls off and we are looking at mid-2018 therefore
9:35 am
lucky. stuart: i want to get to the nfl protests. i want to focus on the money angle. what below this protest means for ratings and the networks bottom lines? i know the tv companies on the screens now, most of them lower and they've all lost ground recently. what effect on the tv companies? >> this is going to spill over because anytime you combine sports and politics are politics or sports comedy audience will click the channel and go somewhere else and i don't know where they are going to go, but it will impact advertising, channel selection, a lot of stuff people about yet. stuart: i've got to tell you ashley and i were watching soccer and golf over the weekend. ashley: not a whisper of politics and i'm very grateful for that. stuart: i want to do is watch the sport of my choice. here is a stock and i don't know why it's a good general motors at 13% this year.
9:36 am
general motors has gone up about 20% in the last two weeks. general motors has now hit $40 a share. two weeks ago with 33. any idea why this is? people say hurricanes. i can't believe that. >> general motors has started this resolution right now to make a big investment so they are getting involved and not getting involved in now than they also made a big investment in san francisco that is self driving. general motors is making an attempt to change their image of being behind the times and being more progressive. stuart: that is interesting. the chart on the screen and harvey made landfall. that is interesting. general motors, all of them up 13.11. i guess that is because cars have to be replaced. ashley: was at half a million i saw somewhere? maybe that's the reason. i wanted to know the reason i hit $40 a share in general
9:37 am
motors because that's unheard of in recent history. general electric, ge as opposed to gm. ge selling one of its industrial units to assist engineering company paying to $.6 billion. ge is struggling almost a 25 bucks a share this morning. jcpenney with more than 40,000 during the holiday season. that is the same number as last year, till at $4 a share. following spending expect it to be over $9 billion this year on what? ashley: am glad you asked. 3.4 billion on costanza, three by 7 billion on candy and decorations. a record number of 48% of adults say i'm going to dress up for halloween. what are they going to dress up as? to .8 million would probably to do that. 3.2 million will take on their favorite batman carrot is.
9:38 am
stuart: the riddler. [laughter] go to wal-mart, teaming up with a smart block start. is that the name of the company? they are going to deliver groceries to your fridge while you're not home. what? >> to wake up in the morning and have some creepy guy rummaging through your refrigerator is not a good idea for wal-mart. so i don't know if this is their way of keeping up with amazon, but this is a completely bad idea. stuart: but the stock is doing okay. ashley: the one that calls 9-1-1 . stuart: i can't do it. >> the screen does job applications. what are the qualifications? >> i need to learn how to rummage. >> a last word, if you've got it, say it.
9:39 am
>> wal-mart is a hail mary pass to keep up with amazon and i can imagine is coming into my house at 6:30 in the morning. stuart: we will leave it at that. keith and jeff, thank you for being with us on monday morning. about half the country had personal data exposed in the massive aqua fax hack. social security numbers all of it out there. coming up, ex-con man frank abagnale, the guy who was per trade by dicaprio and the movie catch me if you can't now in the fbi helps them catch fraudsters. i want to know, what can the bad guy do with all the data they have stolen? and then the german grocery chain come to america and they are changing the way you shot. what is the secret weapon? i'll tell you. give the customers far fewer
9:40 am
choices. we will be back.
9:41 am
9:42 am
stuart: i think we might turn higher momentarily down three points right now. look at that level again 22,344. target 50 bucks a share. guess what, they are raising their minimum wage. what is the new minimum wage? >> they will raise it to $11 by the year 2020, and with $15 per share. why are they doing this? they are in the midst of a $7 billion investment plan in the e-commerce has had comp sales on the rise. the stock is still a loser, stuart, down about 18% so far this year. the xenon minimum wage so it would motivate them and hang on.
9:43 am
stuart: got it. nicole, thank you indeed. two the equifax hat paired half of all americans affected. frank abagnale is with us, fraud consultant for more than three decades. he was the subject of the movie catch me if you can would start dicaprio. welcome to the show. good to have you with a spear statement glad to be here. thanks for having me. stuart: we are looking at all of these hacks. it seems like all of these personal information is out there. do you think that we are building up to one monumental event like to take down an entire banking system or the whole market system. is that possible? >> absolutely possible and something that concerns me a great deal. the difference would be equifax. most of them are retail so they are stealing credit cards, debit card information. as a very short shelf life.
9:44 am
you have to get rid of it quickly and of course the consumer has no liability. when you start stealing someone's name, their social security number, date of birth come you can't change the social security number, you can change the date of earth. the longer i hold it, the more valuable it becomes. they typically warehoused the data for two to three years before they ever begin to use it or sell it. giving me one year of credit monitoring service for free is basically worthless. stuart: you do believe it is entirely possible that all this information out there could be accumulated and use for one massive assault on a bank or brokerage company, for example. it could be really big that they are building towards. >> absolutely. they say 143 million, but like all breaches either double for sometimes 10 times that amount. listen, every breach occurs because somebody in that company
9:45 am
did something they were supposed to do or somebody in that company did something they were supposed to do. hackers don't cause breaches. people do. obviously, a mistake happen somewhere along the line in the data is in the wrong hands with someone else and it can be used for many different reasons. stuart: there's nothing we can do about it. the name, birthday, social security number of which cannot change. they are just warehousing her or future use of there's nothing we can do. stuart: you can freeze your credit and that various friends date to state how you do that. or you can use a credit monitoring service. i've used one since 1992. basically to monitor your credit and be alerted if someone is attempting to use your credit. i'll be honest i don't know if i'm going back to equifax to ask them to monitor my credit even though they give it to me for free for a year. but i can't trust them with my
9:46 am
data to begin with so i don't know that i'll go back and have them how they monitor my credit. stuart: before you leave us, i believe you impersonated and airline pilot and found it relatively easy to do that. is that accurate? >> i did that between 16 and 18, but i always remind people i just wrote on planes and stayed at hotels were built back to the airlines, but i never actually took control of the plane and flew it. i wasn't that. stuart: it had nothing to do with hacking. it was just you being very insistent. >> that day. stuart: would you feel about the movie? >> steven spielberg did a wonderful job. you have the redemption side of my job would've done the last 40 years in the first time he made a movie about a real person living so we tried to be as accurate as the code and he did a great job of doing it. stuart: are you on the airline no-fly list?
9:47 am
>> i hope not. i fly every day so i hope not. stuart: frank abagnale, we appreciate you being with us. be my things, stuart. stuart: we didn't turn positive. actually a bit more negative peer to dead even winners and losers. we are down 12. president trump says nfl teams should fire any player who takes the knee. here is my question. if a player does get fired, can he sue? and who does he sue? guess who's going to answer that question. judge napolitano after this. ♪
9:48 am
9:49 am
approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps
9:50 am
along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. unitedhealthcare insurance company has over thirty years experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you. these are the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. remember, medicare doesn't cover everything.
9:51 am
the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ stuart: we are showing your online shopping talks. amazon down 11 bats. salesforce by the way says that lack friday, the day after thanks giving will be the busiest online shopping day in u.s. history. that is what they are saying. those stocks are down. president trump calls for nfl players who don't stand for the anthem to be fired in no uncertain terms here to watch this. the mac we are proud of our country. we were stacked our flag. wouldn't you love to see one of these nfl owners with him on this race flex our flag say get that son of a -- off the field
9:52 am
right now. he's fired. stuart: i smell a legal dispute. who better than judge andrew napolitano. before you let loose here, let's suppose there is a rule, an nfl team owner says i've got a rule, you stand for the anthem and one player does not stand and he is fired. can he sue? if so, who? >> you are giving me an odd set of facts. i'll tell you why because the relationship between the nfl players and owners is governed by the collective bargaining agreement which is 365 pages long and very, very pro union. it is pro player. i doubt such a firing was survived either an application before an arbitrator because the language is so pro player. to add to that, in some states like new jersey commander is what is called a public accommodations law, which allows
9:53 am
you to express your political opinions when you're in a public place. stuart: okay, don't nfl teams, some of them have rules about the stickers you can put on your helmet and if you break those rules you would be fine. >> yes, they do. those rules are in the collective bargaining agreement that you need permission to the nfl. not the owner, but the leg before you put a sticker on the helmet. stuart: the nfl did not allow the dallas cowboys to put a sticker on their helmets respecting the dallas police. >> i don't know why they didn't do that. it's a terrible time in dallas when five cops were murdered. the dallas cowboys are trying to show solidarity to the government, the police and community in dallas. stuart: the nfl said no. it's a double standard. >> yes, it is a double standard. because the nfl is not run by the government, it can engage in these double standards.
9:54 am
his job is that i was on the screen. ashley: what power do the individuals team have? they are running about the business. and you have to agree to certain conditions to be a member of those teams. so if you violate it, i.e. disrespecting the national anthem, surely those are grounds to be dismissed. >> i don't think so and i would tell you why. the supreme court says the flag stands for the right to burn and destroy. certainly stands for the right to kneel in front of it. ashley: is an individual company, whatever ye, ibm come you sign on, work for that company. >> ibm is different, fox news is different because we don't have the collective bargaining agreement. when you sign a contract, they are the same. the only thing that's different is your name and what they pay you. dictated by the collective bargaining agreement.
9:55 am
it almost doesn't matter which team you're on. >> i have a rule that says you'll stand. >> is such a rule when the collective bargaining agreement, it would reinforce. >> could you imagine bob kraft firing tom brady? he might as well's elba stadium. stuart: the white house has unveiled new travel restrictions chad, iran, libya, venezuela. i know it's complicated, but is this one going to stick? >> i wish i could answer that. this has become very complex but i will tell you this one which i just finished reading for you is the most legally sophisticated and it takes into account all of the judicial objections they had in the second travel ban. it's fascinating to me is the second travel ban comes in two weeks. it expires this week.
9:56 am
so is the supreme court going to rule on the constitutionality of a document that no longer exists? stuart: back to the nfl briefly. if we find that the tv ratings go down and sponsorship of the sponsor, the commercials goes way down and the sport gets hurt financially, i bet you the union puts in a closet as you're going to fire me. >> i think you're probably right. >> listen to this. tax cuts take center stage in d.c. i say they are more likely to get done with failure in health reform. brit hume no less will join us on that subject in the next hour. plus, protests across the nfl, et cetera, deborah. everything has become political and i don't like it. my take on that is maxed.
9:57 am
who's he? he's green money, for spending today. makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. you know win control? be this guy. check it out! self-appendectomy! oh, that's really attached. that's why i rent from national. where i get the control to choose any car in the aisle i want, not some car they choose for me. which makes me one smooth operator. ah! still a little tender. (vo) go national. go like a pro. . . . .
9:58 am
finally, listening to my wife, went to a doctor. and i became diagnosed with hodgkin's lymphoma... that diagnosis was tough. i had to put my trust in somebody. when i first met steve, we recommended chemotherapy, and then we did high dose therapy and then autologous stem cell transplant. unfortunately, he went on to have progressive disease. i thought that he would be a good candidate for immune therapy. it's an intravenous medicine that can affect the patient's immune system and unleash it against the cancer. with chemotherapy, i felt rough, fatigue, nauseous. and with immune therapy we've had such a positive result. i'm back to working hard. i've honestly never felt this great. i believe the future of immunotherapy at ctca is very bright. the evolution of cancer care is here. learn more at cancercenter.com appointments available now.
9:59 am
10:00 am
stuart: two points on the nfl, the anthem and the flag, if i may. first, a sporting event is not the place for politics. it is certainly not the place to disrespect our flag or our anthem. early this morning the president tweeted this. the issue of kneeling has nothing to do with race. it is about respect for our country, flag and national anthem. nfl must respect this. think he is right. how many millions of people just want to watch football and intensely annoyed when the left turn as game into a divisive show of disrespect. the players are biting hand that feeds them. they are hurting the sport that feeds them. second, the president was wrong to use inflammatory language. seems like he was on general kelly's leash but friday night he called the players sobs. it doesn't help. it turned the players into
10:01 am
martyrs. he said boycott the nfl. that is no good. if there is no drop in ratings, the players are the winners. we're in the middle, those of us who want to watch sport out of politics were out in the cold. everything is political, emmys, oscars, the weather, you football, you name it. in every aspect of life you're forced to take sides. do not despair. we cover politics and money with a smile. "varney & company" is about to begin. ♪ >> i mean i certainly disagree with what he said and thought it was just divisive. like i said, i want to support my teammates. i always said, i'm never won that says, oh that's wrong, that's right but i do believe in
10:02 am
what i believe in and i believe in bringing people together and respect and love trust, and, you know, those are the values that my parents instilled in me. stuart: got it. that was tom brady, new england quarterback during a local radio interview this morning. more on the nfl coming up. look at the big board. we're down 14 points. i keep saying this, 22,335, that is your level this morning. big tech names we follow all the time obviously because that is where the money is going. apple is close to, actually at a eight-week low. there is a report that says the demand for the iphone x will be weaker than expected. amazon made a deal with casey affleck sea change media covering film and tv. nevertheless, amazon is down.
10:03 am
gold, down just 60 cents this morning. politics, get to tax reform a favorite subject on the program. there is a report from axios, a web site, it would cut the corporate rate to 20% and top rate for individuals for 35% and small businesses are. look who is here, congressman jim renacci, on the tax writing committee. >> great to be here. stuart: really? okay. 20%, top rate for corporations. 35% top rate for individuals. 25% top rate for small businesses. please tell me that you could go for that? please tell me that will be enacted? >> i love to see lower rates. we have to get there. i said on your show many times. we're talking about those things. the good thing, i left a meeting
10:04 am
last night, we're talking about issues and getting it done. stuart: you're talking about months and months, time is up. if you don't do it by end of the week you need 60 votes in the senate, not 50? >> i wish we had more public hearings, opened this up. that is one of the problems. we condensed it down to a point to do things quickly. the ways and means committee is working on this couple years behind closed doors. when chairman camp was there it was behind closed doors. the we got a lot of information. stuart: that broad outline, 20% for corporations, 35% for top individuals, 25% for small business, sole pry toreships that is the core, right? >> it could be lower, could be higher. stuart: but that is pretty close? >> we're trying to get to the numbers. president would love to get to 15. i would love to get 15 as well. stuart: the gop, republican party received a kick in the pants because it hasn't done
10:05 am
anything on obamacare. i know you're still working on it. you know as well as i do there are not 50 votes in the senate for obamacare reform so you have to do tax cuts, haven't you. >> if we don't reform obamacare -- stuart: you don't have 50 votes in the senate. >> i understand that. at some point in time we have to fix that as well. stuart: if the republican party, i don't care whether you're right, left or center of republican party, you can not reform obamacare, therefore you must cut tax. >> we have to cut taxes. we have to stay competitive. have to get the health care -- stuart: sir, stuart varney, we're going to do it, no question about it we're going to do it. >> i tell you in washington we're going to do it. i came here to tell you we'll get it done and we have to get it done for the american people. stuart: the way i described it? >> roughly. stuart: ruffle. >> we have to lower tax rates and corporate rate. stuart: do you have 50 votes in
10:06 am
the senate and 218 in the house for kind ever tax cuts i'm talking about? >> i hope so. some people want it know how we'll pay with the tax cuts. many republicans don't believe we have to pay for tax cuts. i'm one that believes we have to reduce tax rates to become more competitive. those things are talking about this week and next week. stuart: you don't have much time. >> i know. we're going to get it done. stuart: he said it. congressman a pleasure having you in new york. thanks so much for coming. >> thanks so much. stuart: much obliged sir. now this, german company, grocery chain, called alde. they will disrupt the grocery business. you go into the supermarket, aldi, instead of 25 brands, you
10:07 am
get one. they think people will like it. we have burt fleckinger, he specializes in retailers. what do you make of this, no choice, i love it frankly. >> you're right to love it, stuart. fewer choices means lower prices, win for consumers. worse competitive nightmare across u.s. retail. food, dollar, drug, will get hit really hard. the brand suppliers half 100 sizes of tide, colgate the rest. to your point, aldi are adding hundreds of stores per career which will displace volume of up to 14,000 u.s. supermarkets. stuart: you think this will be truly disruptive? this concept of no choice, very,
10:08 am
very limited choice, that's a major disruptter that big? >> major disruptor. shoppers save 5 to 14% on the low end. 15 to 25, 35%, versus amazon whole foods. it's a winner all the way around. it's a big nightmare for amazon as well. stuart: that is fascinating. ash and i walk into a supermarket, overwhelminged. ashley: this is german. get what you get. stuart: >> aldi big in australia. stuart: and the u.k. there is report out, black friday, the day after thanksgiving will be the busiest shopping day in u.s. history. what do you say? >> yes and what we're seeing is the end of thedown draft of retail. you will start seeing with a
10:09 am
bankruptcies and consolidations of retail, real renaissance for really well-capitalized, highly capable retailers. a lot fight back against amazon, start to win. shopping malls, weaker ones will be out. stronger ones will survive and thrive. ultimately american retail will come back. the key thing getting amazon to pay its fair share of taxes. while amazon is great to raise the standard of living for consumers with lower prices, they're devastating the u.s. economy by not paying their fair share of taxes last 23 years. stuart: did you see the article in "wall street journal" about the professor to wrote exactly that, don't pay fair share of taxes and devastating employment. pressure on amazon. >> the professor is completely correct. where i teach at cornell university we completely concur with professor salloway. stuart: great to have you here. >> always great to team up. >> big guests lined up for this
10:10 am
half hour, geraldo rivera is at ground in san juan, puerto rico. he is reunited with his family. he brings you a live report on the island truly devastated, still without power. that will go on for months, by the way. steelers player, former army ranger, villanueva, wept out on the field. burr guess owens, tell us what he would have done. health care is on near death situation despite congressman renacci says it is still alive. i say republicans have to get tax reform done. brit human on that subject. you're watching the second hour of "varney" and. ♪ -- "varney & company."
10:11 am
10:12 am
10:13 am
10:14 am
stuart: all right. i'm on. i didn't realize. sorry. i was completely in the dark for a second but i'm on. we're down two points for the dow industrials. maybe we turn positive in the next few seconds. we'll certainly let you know. the price of oil at $51 a barrel as of now. get to puerto rico. it remains in the dark this morning. hurricane maria knocked out power last week. it will be out of power for months we hear. geraldo rivera is in san juan right now. thanks for being on the show. give us a report from where you stand? what's going on? >> hey, stuart, behind me they're shoveling the beach back in place after if blew all over the luxury hotel that line this fabled strip here. that is the easiest fix. this island, stuart, is in dire shape. it has been raked by two hurricanes. hurricane irma came through here two weeks ago, knocking out 70%
10:15 am
of the power. hurricane maria came and wiped out the rest of the electrical grid. the island is absolutely scorched by winds that at time went to 160 miles-an-hour. the situation is rauf full. without power. people need generators, to make generators run, they need fuel. fuel is in short supply. the lines are absolutely abominable. six hours people are waiting to fill their red jerry cans or $20 worth in their tanks. many people run out of gas as they wait for fuel. without fuel to run generators. they have no fresh water. without fresh water there is no toilets to flush. this is 3.4 million, u.s. citizens, in the most bleak conditions you can possibly imagine. as of right now, they're saying that the electrical grid will be out from between four and six months. can you imagine, no electricity, no water being pumped for that period of time? schools are closed.
10:16 am
businesses are disrupted. we have senator marco rubio is here now. so is the head of fema, the united states military, is engaged mobilizing, bringing in supplies. but my, goodness, the situation here is so, so generalized in the sense that everybody is suffering. you know, i don't know how to quite how to give you an order of magnitude other than to say that the people here, the u.s. citizens here, i do not think that the life here is sustainable under the current conditions. you're going to have a gigantic exodus of the u.s. citizens to the main land of the united states. the president said he will be coming down here. we need the president, really a marshall plan, kind of action here, to get this place back on its feet. stuart: you really spelled it out for us. we thank you for that. a picture of abject despair and catastrophe. geraldo rivera right in the middle of it. thank you. here is comes ratings for
10:17 am
sunday nfl games. nbc says 11% of households tuned into the redskins-raiders prime time game. 12.9% of households tuned into the bears, cowboys game that ran at time. that is more than 10% decline in viewers. that is important. 10% down on ratings. ashley: don't care about politics. they want entertainment. stuart: like what we were saying. ashley: yes. stuart: president trump, he is tweeting about this morning, about the anthem protest. here it is. many people booed players who kneeled yesterday, which was a small percentage of total. these are fans who demand respect for our flag. come on in please, burgess owens, former nfl player. he is author of a great book, liberalism, how to turn good men into winers, weenies and wimps. an ideal person for this program. if you were a player in the nfl, what would you do?
10:18 am
>> good morning, stuart. i tell you what i did, i would do, feeling same way. i remember looking at the flag, getting teary-eyed at the time. because i realized how blessed i was to be on the field and what i wanted to do. i was raised by different generation. 70% of black families had a dad, mentoring, leading, guiding disciplining. now 70% of our community which men are absent. so, i want to just say this this is not in a vacuum. what is happening to our black community and disrespect of our flag has been a process over time. the left has outlawed god. they have destroyed the black family due to policies they put in place. they have deleted our history, our proud history. now they are taking away the hope of young people, young black people, who want to grow up and know american dream is real for them. this is all part of the process. not just a peaceful protest.
10:19 am
it is stealing the hopes an dreams of young black americans, who also believe in the american way. i think it's a shame to allow that to happen. stuart: burgess, you may have heard, we're getting ratings for two of the games last night, ratings are down 10%. number of people watching those games down 10%. it would seem like, that's in part the result of these protests which are hurting the sport, hurting the game, hurting money flowing into the games. what is your response to that? >> i agree. at some point it will hit pocketbook of these owners and they will make changes because they do believe in profits. i will say this. this is probably good side of it. these players are finally coming out of the locker room, and at least engaged. we can start talking about the misery they're seeing every single day. they don't have a lot of hope because they're living in this misery. 83% of black young teenagers not
10:20 am
working. i go through the list of things going on. we have millionaires, 1100 black millionaires making over a million dollars a year, there are 500nba black players making $500 million a year. time to come off to the sideline and give back to the communities. not just talk about. not just complain. they need to have input, mentoring, teaching of these young people and having hope. they can do it. they have the opportunity. either they will do that and look back as hypocrites. stuart: how about using money they earned in the nba and nfl to start businesses? have capitalism be the way to go forward? organize an enterprise that employs people and pays wages? if you went that route, as opposed endless routes of lawsuit and political process or political protests you have something going for you. >> the answer, reason we were such a strong community growing up because of education and free
10:21 am
enterprise. 40% of black americans were part of free enterprise process. 3.8% now are part of process. they need to get back in there, start businesses, get people, think outside of the box. get hope and let's focus on what black people can do for ourselves, stop blaming white people for not what they're doing for us. we have billions of dollars going into the pocketbook of these young men every single year. do our job, commit to the communities and stop blaming people for what we're not doing. stuart: burgess owens great to have you on the show especially today. thank you very much. >> thank you so much. stuart: florida rebuilding after hurricane irma tore through the state. governor rick scott at forefront of the effort. he might have some explaining to do though. we'll fill you in about this in a moment. ♪
10:22 am
10:23 am
10:24 am
so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.
10:25 am
stuart: a new report claims florida's governor rick scott, deleted voice mails from a nursing home where about a dozen patients died in the wake of hurricane irma. what is the story? ashley: this happened in about 36 hours before the power actually went out. the nursing home said it called and left four messages on governor rick scott's, florida governor rick scott's personal cell phone, you didn't do anything. 36 hours later the first patient died, essentially suffocating in the air because there was no air-conditioning. now the governor's office is fighting back, yes they were deleted, these calls, that is the protocol. we got the messages. called the appropriate agencies,
10:26 am
once it is dealt with that call is deleted. they said you never indicated to the nursing home, you never indicated how dire the situation was, about it is dire, call 911. take the patients out go right across the street where there was hospital. we didn't do anything wrong here. we got your message. contacted authorities. it was incumbent upon you to save the people's lives, call 911. get them out in the hospital across the street. we called the governor's office, went to voice mail, the voice mail was deleted. there is other side. stuart: he has a strong answer to the initial charge. ashley: thank you, sir. stuart: coming up, the media fawning all over hillary clinton on her book tour, asking really tough questions like, which do you prefer, wine or vodka? sarcasm is a low form of wit, stuart. i will desist. we'll deal with it shortly.
10:27 am
10:28 am
i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. it works 24/7, and you don't have to see or handle a needle. trulicity is a once-weekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. do not take trulicity if you have a personal
10:29 am
or family history of medullary thyroid cancer, if you have multiple endocrine neoplasia syndrome type 2, or if you're allergic to trulicity. stop trulicity and call your doctor right away if you have a lump or swelling in your neck, severe stomach pain, or symptoms like itching, rash, or trouble breathing. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. some side effects can lead to dehydration, which may worsen kidney problems. i choose once-weekly trulicity to activate my within. if you need help lowering your a1c and blood sugar, activate your within. ask your doctor about once-weekly trulicity. ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone
10:30 am
♪ stuart: brings back memories. yes it does. ashley: swinging '60s of london, stuart varney, yes, yes. stuart: i remember it so well. all right, look at the big board, we're down less than a point. we're break-even level. i call that dead flat, monday morning market. the big five technology companies, all of them down quite significantly. amazon is in what we call correction territory, down another nine bucks at 945.
10:31 am
look at general motors, that is a three-year high. it gained almost 20% in the last two weeks. we're told it is because of hurricane damage to half a million cars which have to be replaced. also some rotation. investor money coming out of technology, going into old line manufacturing. maybe that is the reason but it is 40 bucks as of now. hillary clinton, she has been making the rounds promoting the new book called, "what happened." the mainstream media has been fawning i will use the word, fawning, all over her. look at this. >> boxers or briefs? >> seems like you've been doing a lot of yoga. >> tea or coffee? >> coffee. >> i will leave you with something might make you feel better. democrats have not done back-to-back presidencies since 1948. >> yeah. stuart: joining us howard kurtz, host of "media buzz on the
10:32 am
fox news channel. i think that was fawning coverage by the mainstream media. am i going too far? >> well if you continue with that anderson cooper clip, stuart, he pressed hillary to demonstrate a alternative yoga called nostril breathing. i didn't expect her to get grilled. most anchors let her talk about on and on, blaming different actors, media, russians, comey, for her loss and not really pressing her very hard. stuart: by the way, howard, sarcasm is a low form of wit. single nostril breathing. you know what i mean. we're moving on. we're getting ratings in for nfl games last night. the two games on last night, i believe the ratings were down 10%. are you surprised at that? there might be a variety of reasons here, but surely the protest, the flag and an them,
10:33 am
that is surely part of the reason here? >> no question about it. i have heard lots of sort of ordinary people, even casual sports fans saying throwing up their hands. they like sports. they don't like politics intruding on sports although happens all too often. this is classic move by president trump to align himself with something patriotic. get people to resent these multimillion-dollar athletes don't seem to want to stand, at least some of them for the national anthem, but one difference here, the president used twitter and speeches to pick on a lot of people, he is taking on major stars who have their own major platforms. lebron james, pushing back on twitter in a video. same thing with steph curry of the golden state warriors. even his pal tom brady said the president's remarks were divisive. what the president did, got focus off on the fact the health care bill is kind of clinging to life-support, on to this hot button cultural issue. he is very comfortable with
10:34 am
those. i think it is causing some damage to the nfl. very uncomfortable position for the owners, players, the fans perhaps. >> maybe sponsors. there is nfl conference call this morning, apparently there is no problem yet with sponsors. that is directly from the nfl. i mean if this goes on, i could see some financial damage to the sport, the teams, the sponsors maybe withdrawing and ultimately, maybe the players taking, maybe, if time goes on they keep up with this what do you think? >> the nfl already had a problem with ratings being down. one of the shots president took, the games are boring. concussion controversy in all of that. it hasn't been a great time for the national football league, the president sensing weakness, perhaps some resentment towards these players, many in the media portraying this as racial, because the most prominent targets are black athletes. i think it will become a
10:35 am
economic story, as well as cultural, political, media story. this is big business. even 10% drop in ratings could have severe consequences. stuart: i think president trump went off general kelly's leash, who restrained him recently. i hate to use that word, went off the leash with that comment about sobs, what do you say? >> the leash only applies to everyone else that works in the white house. the president will not be leashed. if there is an attempt by kelly or anyone else to do that trump breaks free. using language get a lot of attention, but makes people not fans of the president, he is going too far, why isn't he worried about the hurricane in puerto rico or health care bill. the president likes to fight on multiple fronts. no question about that. stuart: his thought process to bounce from one thing to another very, very quickly. his attention span i believe is relatively short. i find it fascinating. howard, thanks for joining us, sir, appreciate it.
10:36 am
>> great to see you. stuart: germany's chancellor angela merkel came out on top yesterday in the election, however, the anti-immigrant party made a big gain in the parliament there. joining us now, ralph peters, fox news strategic analyst. >> good morning, stuart. stuart: why should we care, ralph? it is an election over there in europe, germany has the same chancellor again, why should we care? what difference to us? >> the difference, core alliance with nato. economically our trade with the e.u. and their trade with us. interaction of the financial markets is very, very important. but we also share a civilization. and angela merkel is the leader of european civilization certainly at this point. so her win, even though size of her win was diminished somewhat by a protest vote, it is a signal how confident germans feel they can do a protest vote. it was good news for germany, good news for europe, good news
10:37 am
for us, bad news for vladmir putin. stuart: you think it was good news for germany, good news for europe? >> yes. stuart: it was angela merkel who opened the door to well over a million migrants, mostly muslim. they have had some significant problems ever since, the same is true, because a lot of those migrants went all over europe. there was one european civilization. i put it to you, that civilization is now very much divided. >> well i think there are certainly many different voices but i think europe's civilization has been a little more divided than say the 1930s or 40's or 1919s. there is a lot of subcultures. angela merkel made a huge mistake opening the door to million immigrants. to her it was moral issue. she is lutheran pastor's daughter, you analyze that when you analyze angela merkel's move. there was protest vote, the
10:38 am
far-right party is pro-pruitt tin and anti-american and anti-immigrant. they will be in parliament. they crossed the five% hurdle easily. you will hear a more raucous german parliament. angela merkel's coalition not with the sb d, but the business-friendly party and probably with the greens. the greens play a different role in germany hand they would here. environmentalism is big across all party lines. angela merkel bottom line, means economic stability and relative political stability. at the end of the day germans voted for her. she got by far the strongest party in the parliament. you have to respect that. >> i disagree. i think europe is in endless terminal decline turning into a large and divided museum. >> as spangler said over a century ago. stuart: did he? did he?
10:39 am
>> the time of the west. stuart: you're the historian. i don't go back that far. i do want to ask but the new travel restrictions now on eight different countries. quickly look at countries. they include venezuela, north korea. you're reaction to the new travel ban or travel restrictions i should say? >> this is much improved laundry detergent. it is still not where it needs to be but showed a greater subtlety. stuart: where do you think it needs to be? >> i, because i think actually it needs to focus more on individuals and on more countries, not less. i would tweak it, regarding iran i tweak it because a lot of iranian dissidents want to come here for shorter, longer terms. when it comes to somalia which son the list, man, absolutely i would ban all travel from somalia. it is so disruptive. chad is in turmoil, they can't went their own people and venezuela is mainly on government families and cronies.
10:40 am
i see it improved. we have a long, long way to go to have anticipates isable economic, i'm sorry, migrant immigration policy that works for our policy, works for people and works for our security. so i just think this is a start, not an end. stuart: got it. ralph peters, always a pleasure. >> thank you, stuart. stuart: yes, sir. now there is a report, from axios, that is a website, it says congress working on a tax plan that would cut the corporate rate to 20%, the top rate for individuals to 35%. so when could we see this? brit hume with us next. ♪ today, smart planning is pushing the finger lakes forward. we're the number one dairy and apple producers in the eastern united states. supported by innovative packaging
10:41 am
that extends the shelf life of foods. and infrastructure upgrades that help us share our produce with the world. here and all across new york state, we're building the new new york. to grow your business with us in the finger lakes, visit esd.ny.gov. to gif you have medicareth us in the finger lakes, parts a and b and want more coverage, guess what? you could apply for a medicare supplement insurance plan whenever you want. no enrollment window. no waiting to apply. that means now may be a great time to shop for an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. medicare doesn't cover everything. and like all standardized medicare supplement insurance plans, these help cover some of what medicare doesn't pay. so don't wait. call now to request your free decision guide. it could help you find the aarp medicare supplement plan that works for you. these types of plans have no networks, so you get to choose any doctor who accepts
10:42 am
medicare patients. rates are competitive, and they're the only plans of their kind endorsed by aarp. remember - these plans let you apply all year round. so call today. because now's the perfect time to learn more. go long. ashley: puerto rico facing widespread devastation after hurricane maria. last hour we spoke with congressman louie gohmert from texas. he says recovery could be a fresh start for the island. >> we'll have to help. they're in desperate need. the problem was before the hurricane they were needing a big bailout. they got one. they have been needing another one. and it looks like as if, okay, we're going to have a whole fresh start in puerto rico. maybe this time they want to
10:43 am
have 30 plus percent of their population working for the government. maybe they can bring down the individual income tax to draw in business. it's a probe start for everything in puerto rico. it is time to do it the right way. my dell small business advisor has gotten to know our business so well that is feels like he's a part of our team. with one phone call, he sets me up with tailored products and services. and when my advisor is focused on my tech, i can focus on my small business. ♪ a dell advisor can help you choose the right products with powerful intel® core™ processors. ♪
10:44 am
stuart: news breaking. former congressman anthony
10:45 am
weiner sentenced to 21 months in prison for sending explicit messages to an under age group. ashley: prosecutors were asking the judge 21 to 27 months. mr. weiner and his attorneys were pleading for leniency. he had undergone treatment. lower than when they asked for, but 21 months. stuart: you're looking outside of the courthouse. if mr. weiner appears, says something, we will carry it live, you will hear it. a quick look at online shopping stocks, sales force, says black friday, the day after thanksgiving as we know, busiest online shopping day in america's history. all of online stocks are down. look at amazon. it is in what we call correction territory, all the way down to 941 on amazon. politics, let's get to it, the latest health reform bill, i say, appears to be absolutely
10:46 am
dead in the water. two republican congressman on this program this morning, says tax reform will now get done. roll tape. >> we're going to pass a tax cut, we are. by golly we're going to pass it. stuart: you don't have much time. >> i know. but we're going to get it done. stuart: you are? we're going to get it done. we said it. >> i said it. stuart: joining us brit hume, fox senior political analyst. welcome return. thank you for being here, brit. >> thank you, stuart. thanks for having me. stuart: i'm saying that health care reform is dead, i believe it is pretty much dead, that gives a shot in the arm for tax cuts because the gop has to do tax cuts or lose miserably next year. what say you? >> i think that's right, stuart. i don't think these republicans will allow themselves so fail on two of these key promises. i think that will happen. actually if health care reform were to pass i don't think that would hurt tax reform. in fact, in some budgetary
10:47 am
respects it would actually help. two failures i think are hard to imagine. the divisions on the issue don't seem to be nearly as great as they are on the health care issue. stuart: i do want to talk to but the nfl. it seems like everything is becoming political these days. i watched the emmys. it is politicized. oscars is politicized. the weather is politicized these days. now football, for heaven's sake. i know you're in semi retirement. am i right by saying that. >> yes. stuart: are you looking in this world almost despair, we have to choose sides for everything these days? >> interesting you say that. i think most people go to football games, watch on television, to avoid other issues of the day like politics. but i, and, if you think about it, for a minute, this question of who stands and who sits for the national anthem is something that we didn't even used to notice.
10:48 am
now because of a protest method undertaken by one guy, now spreading it get as huge amount of coverage. i picked, washington redskins, my home team, lifelong home team had a very big win last night here in washington. i picked up the morning paper to hear stories about it, i got in late, didn't see it. there splashed across the top of the sports spaining was all this stuff who stood and who knelt and who locked arms in the nfl yesterday. and this big story of this big win was relegated to lower on the page. i thought this is out of whack. most of the people who pick up this paper this morning will gloss over all this stuff about the protests because it really much ado not very much. sports fans don't care much about it. they care about the teams, who won, who lost, who played well, who got hurt? my sense i look at it as a sports fan. i glossed over it too. i don't really care about that. much ado in my opinion about not
10:49 am
very much. stuart: brit, half hour ago we started receiving early ratings for games last night. they're down about 10% from the previous year. it could be that sports fans just want to watch the game, they really object to politics. i'm sorry, i remember you saying when you went to retire, you said you were going to devote your time to god, grand children and golf. well i was watching golf yesterday afternoon. i was in close touch with some of my grandchildren, and there wasn't a whisper of politics. i really, really enjoyed it. >> that is sanctuary now, isn't it, the pro tour. that's right. i would say this, there was a survey done of people talking about what they objected to about football, why they started to tune out. largest single block about, 26% because of those protests. those things are hurting. i think it's a mistake for players to do that. they are entertainers, although
10:50 am
they don't call themselves that. my guess in raw political terms, the president's viewpoint is much more widely sympathized with than of these rich players protesting their country. stuart: brit hume, it's a great pleasure to have you on the show. >> thanks, stuart. stuart: don't be such a stranger. i know you're semiretired. >> glad to do it. stuart: appreciate it. officials at call berkeley, says the brief appearance of mile -- milo yiannopoulos on campus cost them $600,000 to insure his safety. ashley: he was there less than an hour. $800,000 an hour, cost of free speech, which isn't clearly free speech after free speech week was canceled. 800,000. he spent time taking pictures with fans, signing a book. two weeks earlier, mr. shapiro was there, ben shapiro, 600,000
10:51 am
to provide security for him to turn up and speak. by my calculations they spent $1.4 million because of the fear of the left not wanting to hear what these people have to say. costs 1.4 in dollars to provide security. 11 people were arrested at yiannopoulos's appearance in less than an hour. four were dressed in all black antifa outfits. stuart: charge them with something. ashley: right. stuart: i'm back from vacation. yes, you had plenty to say about this. i will respond in a moment. what did we do before phones?
10:52 am
10:53 am
they save us from getting lost, getting hungry, and getting tired of places like this. phones changed everything - shouldn't the way pay for them change too? introducing xfinity mobile. where you can pay for data by the gig, and share it across all of your lines. no one else lets you do that. see how much you can save when you pay by the gig. xfinity mobile. it's a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com.
10:54 am
10:55 am
stuart: some of you know i was off last week. some of you not happy about it. others were concerned. let's deal with kathy first of all. she says, he takes more time off than members of congress. kathy that is not true, by much. vincent says this. i love the show, but change the name to everybody but varney. come on. stop it. there is kay. where is varney? is he ill? please let us know if prayers needed. ash, will you pray for me. ashley: isn't it nice to be loved so much by your adoring audience, your absence is missed. it is to be honest.
10:56 am
another comment, he may have renounced european citizenship but hasn't renounceed european vacation. i was not allowed to. stuart: more time than members of congress. ashley: that was a low blow. stuart: kathy said that. ashley: you are stu, you are missed, that is the bottom line. stuart: that is not true. ashley: it is not. i say it because you wrote it for me. i'm saying it right here. welcome back, that's all i can say. stuart: i must also say to our viewers, thank you very much, ashley. you jumped in there. ashley: my pleasure. stuart: did the duty and did very well. ashley: tried to do my best stuart impersonation. there is only one. stuart: when we get the numbers, if the numbers gone up while i was away -- ashley: you're out. stuart: you're in trouble. thanks for the kind thoughts, everyone. we'll be right back.
10:57 am
10:58 am
..
10:59 am
11:00 am
stuart: with six republican senators either firmly voting no or leaning heavily against, obamacare reform appears to be dead. this is a disaster for our health care and for the republican party which for seven years have promised to get rid of it. maybe, maybe there is a silver lining here. surely the gop's epic and very public failure means they just have to get tax reform done. how can they possibly go back to voters next year with another failure? and there is nothing more republican than cutting taxes and growing the economy. that is bedrock gop. we're told that a tax cut bill will drop the corporate tax rate to 20%. the top individual rate to 35%, and the small business sole proprietor rate to 25%. if that is the core of the plan, if it is, how could republicans vote against it? it would bring back money from overseas, it would boost small business, and by any measure it would grow the economy.
11:01 am
surely it is a no-brainer yes vote. now, we've been pounding the table for tax cuts since last year's election. we've interviewed countless republicans who always tell us we must cut taxes, we should, we ought to, we have a responsibility to our voters to do it. all true. now do it. because if you fail like you failed with obamacare or are likely to fail with obamacare, you will lose and lose big next year. the third hour of "varney & company" is about to begin. ♪ ♪ stuart: gotta bring this to your attention, the dow industrials i'm not going to say plunging, but certainly taking a major turn south. moments ago north korea's foreign minister made some comments. he said the u.s. declared war over the weekend. he also said that leaves all options on the table for north
11:02 am
korea. there was also a positive report on manufacturing from the dallas federal reserve. that could imply that the fed will, indeed, raise rates to rein in a stronger economy. >> yeah. stuart: those two factors taken together, and we're down 102. >> and also accelerate the rate of unwinding its balance sheet. is it good news is bad news, are we back to that scenario? stuart: oh, heaven forbid. that went on for a long time. >> it did. stuart: we're now down 97, 95 points,22,224 and it's just a .4% loss. want to get back to my take at the top of the hour, the health reform push, i think it's dead, dead in the water. that makes, in my opinion, tax cuts a must and a much more likely thing to pass congress. fox news contributor karl rove is with us now.
11:03 am
karl, do you agree with the basic premise there that failure on obamacare simply means we're more likely to get tax cuts? >> i think that's right. we'll call that the varney thesis from now on. [laughter] i think it's accurate. but let's not mistake that it's going to be an easy task to do this. we face an immediate tactical hurdle, and we then have several philosophical issues that the republicans need to resolve. the tactical hurdle is represented by your earlier guest, louie gohmert of texas, my fellow texan. he's a member of the freedom caucus which is holding up the consideration of the house budget resolution. the house and senate must pass budge resolutions, then go to conference, come to an agreement upon a final resolution, and then pass them through their bodies in order to take up tax reform in the senate and be able to pass it with 51 votes. and the freedom caucus is saying before we vote with the rest of the republicans on the house budget resolution, we may vote with nancy pelosi unless and
11:04 am
until we get veto authority over every major provision in the tax reform bill, and this is going to be difficult to overcome, but i think it will be overcome. stuart: as i outlined in my take at the top of the hour, the core of the tax reform plan in very general terms seems to be 35% top individual rate, 20%, the corporate rate, 25% small businesses, sole proprietorships. if that is the core, if those are the numbers that we're dealing with, how could any republican vote existence that? -- against that? how could they do that? >> well, the devil is always in the details. i'd say there are a couple of more items that are core of this. territorial tax system so we end the double taxation of american profits that are earned abroad. we're the only major industrialized company that does this, we tax it twice. gets taxed over in whatever country they sell the good, say germany, and when they bring it home to the united states, that profit, we tax it again. we're the only country that does
11:05 am
that. there'll be a deal to repatriate those stranded foreign earnings, i think those are two additional components that'll be in the package. yes, we should be able to do it, but there are going to be problems. one problem is going to be do you pay for this, in essence, do you add to the deficit? and the price tag of this tax cut is going to be about $1.5 trillion, somewhere in that vicinity, and the media's going to jump on it and the left is going to jump on it and say you're simply going to add to the deficit. and then the way that the republicans are approaching this, this is an arcane issue. current policy versus current law, they're going to use a current policy basis, and that's going to give them another half a trillion dollars' worth of revenue to offset the tax cuts. stuart: at the end of the day, if you're cutting taxes in the way that's being described, can you get 50 republican votes in the senate and 218 votes in the house? i think you can. >> i agree. but it's, let's not
11:06 am
underestimate how important this is to get done and how important it is to make certain that it gets done and how difficult it is to get, to get it done. when you've got 30 people in the house saying we want veto authority over the bill, that's going to get some hackles up. and when you only have a 52-48 margin in the senate and if you lose three republicans for whatever reason -- and one of the issues we may lose them on is lowering the top rate. and, look, that's where, you know, here i stole this from the tax foundation. this is 2015, the last year for which we have numbers. the bottom 50% of taxpayers who make roughly $36,841 a year, those people -- or less -- they pay 2.78% of the taxes. the top 1% by themselves, people whose adjusted gross income is about $428,000, they pay nearly 38% of the tax bill. the top 5% pay a total of nearly 60%. nearly 70% by the top 10%, and
11:07 am
the top quarter pay 86% of the taxes that are paid in this country through the income tax system. that's people who make $75,000 a year or more pay nearly 90% of the taxes. stuart: right. and it's bedrock gop policy that those people who pay taxes get a lower tax rate. that's absolutely -- i don't see how you can be a republican and object lowering from 39.6 to 35. i don't see how you can do that. >> we're going to have some people who are going to be skittish for lost revenue and the political consequences of going home and trying to defend that. but my view is this: the american people are fairminded. there ought to be a limit to how much the government can take from anybody, because if they can take it from somebody, they can take it from everybody. and the idea that you're taking more than a third of people's paychecks in taxes is anathema to most americans. and we can make that argument in a campaign -- stuart: oh, please do it. >> -- and win it if we've got courage to do so.
11:08 am
stuart: please do it, karl. thank you very much for being with us, appreciate it. >> you bet. stuart: let's get to the election in germany. angela merkel won a fourth term. the anti-immigration party, though, got a strong foothold in parliament. nigel farage is with us now. what does this mean, nigel, for immigration policy in germany in the future? >> well, germany, of course, has been very nervous discussing immigration at all or nationality at all because the shadow of the 39-45 war is still very heavy. but what has happened here is a new party that says, look, we're not unashamed to be german. we don't want to be european. we're very skeptical about the euro with the currency. we prefer the deutsche mark, and we think that angela merkel saying that anyone who wanted to come can has been the most disastrous policy socially for germny. and they've got a foothold now with 90 seats now, and i think the german politics will never be the same again.
11:09 am
stuart: and i think europe is weaker after this election than it was before it. what say you? >> oh, significantly. i mean, don't forget that in france although macron became the president in the first round of the presidential elections, 47% of people voted for candidates that were deeply skeptical about the european project, and i would say to people, okay, you can see what theresa may's trying to do, she's slowing down brexit, she's delaying it, but don't think that amongst the peoples of europe that that big revolution that we saw last year with brexit and trump is finished. actually, in the longer-term historical context, it's probably only just started. stuart: okay. now, you're in alabama at the moment, and you're talking about the alabama senate race. you're campaigning for roy moore. president trump, whom you support, is endorsing luther strange. roy moore's opponent. why are you doing that, why are you siding with the guy who is opposed to -- or not the guy
11:10 am
that president trump chooses? >> well, you're quite right, i'm a strong supporter of president trump and the plan that he's trying to put into place. but, you know, he came to alabama, he said, look, i'm supporting luther strange, but you know what? maybe i've made a mistake. maybe the other guy's better. trump has made it clear whoever wins this, he will support them in the senate race. and i'm here supporting roy moore because what i've seen is i've seen, since brexit and trump, i've seen people trying to frustrate the will of the voters. and this is not coming from the other side. it's not coming from the enemy, it's coming within the ranks of conservatives on both sides of the atlantic. i know that roy moore is an absolutely team supporter of brexit. he wants to push forward for u.s./u.k. relations on trade, defense and many other things. and you know what? he's not part of the swamp. he's not beholden to anybody. and i think this is the right direction for us to go in. stuart: all right. nigel farage in alabama, thanks very much for joining us today.
11:11 am
>> thank you. stuart: all right. want to get back to the protests in the nfl in response to the president's remarks. he did call for the firing of players who don't stand for the anthem. everything is politicized these days, and i say the fans just don't want it. we'll have more on the tv ratings for last night's game. they're down. and later this hour we're joined by the ceo of one of america's largest mechanical contractors. he's done projects like the bradley terminal at lax, the disney/espn complex, new detroit wings arena. he sent a letter to the president about the need for more skilled workers, and he joins us later. ♪ ♪
11:12 am
11:13 am
11:14 am
>> we're proud of our country. we respect our flag.
11:15 am
westbound traffic you love to see one of these -- wouldn't you love to see one of these nfl owners when somebody disrespects our flag to say get that son of a [bleep] off the field right now? out, he's fired. he's fired! [cheers and applause] stuart: well, he says it how he sees it. the president creating a firestorm about the anthem protests which prompted even more protests over the weekend. jacksonville jaguars' owner locked arms with some players during the anthem. america's anthem. that game was played in london. by the way, all the team members stood for the british national anthem. doesn't that tell you something? the pittsburgh steelers, well, they decided to stay in the locker room during the anthem. one player broke ranks, alejandroville villanueva, he'sa former army ranger. he stood tall, but his coach, mike tomlin, was not happy with him. joining us now, fox news contributor david webb. all right. where -- look, what about me?
11:16 am
i just want to watch a football game on a sunday afternoon, and i've got to watch this politics in protest. i don't like it. >> i'm 100% with you. and by the way, they stood for god save the queen, the country that is a colonial power -- stuart: yes. >> -- made more money than any other nation off slavery applying their logic, they sit for the country that actually reversed the course. stuart: it's incredible. >> lack of history, it's called lack of history and logic. by the way, most people just want to watch sports. stuart: yes, they do. >> they just want to watch their team, support their team, no matter what the sport is. stuart: and the ratings show down about 10% for two of the games last night. have you seen some other ratings -- >> i've seen some 13%, individual drops of, yeah, 13% and more. and we'll wait for the other services to put it out. but the fact is that the nfl, which has been eroding its base, spreading out the games, thursday, saturday, sunday, all of this already was adjusting
11:17 am
its model. now what you're doing is you're taking the people out of the equation which matters to the advertiser. and once the advertisers see the lack of ratings, the rates are going to drop. this is a business. if you don't run a business -- and we're on a business channel -- stuart: exactly. >> -- your business begins to fail. stuart: it is fundamentally a business story. politics up here, but this is about money and business. >> and by the way, the president says about our heritage, disrespecting our heritage, he's talking about our american heritage. the race thing, he never said a thing about race. and, by the way, the false logic, the pernicious is the word that was used in "the new york times" about the owners being all white. it's economic. the if you're viable, you're economically viable, you can afford an nfl team, you buy it. michael jordan bought an nba team why? he could afford it. stuart: i've got 45 seconds, looks to me like obamacare reform is dead, ain't gonna happen. i think that puts a kick in the pants to the gop to make sure
11:18 am
that tax cuts happen. >> i agree. stuart: and you say? >> i agree with you because they cannot get their act together. john mccain is executing rule three, as i call it, which is always get each -- even when you're at bat. if they don't get tax reform done, when this story's off the headlines about the nfl, people are still going to be hurting from the lack of tax reform. and the gop better get their act together. that matters. the numbers matter to the american people at the kitchen table. stuart: well said. thank u very much, indeed, david webb. thank you, sir. we've got the latest coming in from north korea. their foreign minister saying almost directly here president trump declared war over the weekend. that after the u.s. air force led a flyover just off the coast of north korea. we've got more on that. it did upset the market, by the way, more on that coming up. and president trump issued new travel ricks on people from -- restrictions on people from eight countries. we have the judge commenting on that one too.
11:19 am
we shall be back. ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone
11:20 am
11:21 am
they save us from gettingones? lost, getting hungry, and getting nervous in places like this. now phones can save us money too. introducing xfinity mobile. with unlimited data for just $45. that's the lowest price out there for one line.
11:22 am
and you can get the same price on up to five. see how much you can save when you get unlimited on a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. stuart: monday morning down almost 100 points now. the north korean foreign minister says that president trump has declared war, that's what he says, and they can take
11:23 am
countermeasures. that really upset the market. how about the price of oil? it's going up. we're now at $51 a barrel. that's nearly a 2% rise today. the price of gas though still going down. not much, but going down albeit slowly. the national average for regular is $2.57. >> we like to keep an eye on the big tech companies. there's been a big, sharp selloff in those companies which has matched the big selloff we're seeing on the market. whether that's just rotation out of these favorite stocks into other, more traditional stocks like your boeings, your caterpillars, your general motor, we'll have to keep an eye on that, but tech is taking a hit. stuart: microsoft down over a buck, apple's down over a buck, $1.50, etc., etc. maybe you're right, some of those are dow stocks, that is hurting the overall industrial average. >> yeah. stuart: how about walmart? reportedly, they are testing grocery delivery. market likes that, $79 a share, up just two cents. how about amazon?
11:24 am
they may soon deliver shake shack and chipotle to your door. it, too, ramping upped food delivery, but the stock is down $14. we're told that ises in correction territory, amazon. here's something that ash was talking about, rotation out of the big techs into the more industrial companies. general electric, they're selling an industrial unit to a swiss engineering company for $2.6 billion, and ge is now pretty close to $25 a share. couple of headlines for you from this weekend. on saturday the air force led a flyover in international air space over the waters east of north korea. big show of force. it's the farthest north of the demilitarized zone, the dmz, that any u.s. flighter has flown in decades. and now, this morning, the korean foreign minister says president trump has declared war. that's a route rough statement -- rough statement -- >> and goes on to say we reserve the right to shoot down u.s.
11:25 am
bombers, so really an escalation in the rhetoric -- stuart: what exactly is an act or of war? you fly a plane or shut it down? a cruise ship docked in key west, first time since hurricane irma. it's the caribbean empress of the seas, some parts of the keys still in disaster mode. locals say they're eager to get back to work. some tourist hot spots opened up to serve the passengers onboard, and they enjoyed it. next, we're joined by the ceo of limbach holdings. he says there is a chronic shortage of skilled workers. he's calling on the president to get 'em trained, get 'em ready. he's going to join us in a moment. we're also joined by the ceo of the national association of home builders. they're going to need a lot of those workers to rebuild after those three major hurricanes. we're on that story. the markets right now, they're come back -- they've come back from their lows. we were down 105, now we're down a mere 74.
11:26 am
back in a moment. it's great to finally meet you. your parents have been talking about you for years. they're all about me saving for a house, or starting a college fund for my son. actually, i want to know what you're thinking. knowing that the most important goals are yours. it's how edward jones makes sense of investing. ..
11:27 am
11:28 am
11:29 am
stuart: welcome here is the good news here we were down 110. now we are down 72. the market a little up step by statements made by north korea's foreign minister appeared when
11:30 am
he said it, the market reacted and we are back down to a mere 72-point loss. get this. our next guest runs the mechanical contracting companies in the country. you might know some of his projects the lax bradley terminal, disney espn complex for redwing stadium, he's built a mall. when bob holden charlie bacon is with us. sir, welcome to the show. >> thank you, stuart appeared stuart: we hear the part of tax reform is to drop the top corporate tax rate to 20%. president trump wants 15%. would you be happy with 20%? >> i would be satisfied with any break at this point i would love to get it as well as possible. turning to 20% you could live with. not 15. you're pushing your >> absolutely, absolutely. stuart: stay right there appear to have more questions for you. i want to bring in the national home builders ceo jerry howard. he's also concerned about tax reform, specifically any messing
11:31 am
around with the mortgage interest deduction. i don't think that's going to happen when you're lobbying against anything happening. >> that's correct. we want to make sure there's a viable incentive and remains in the tax code. stuart: at this moment, my interest deduction is limited to mortgages up to the value of a million dollars. that's correct. there is talk we shifted down to half million. you don't want that? >> we don't want that because in places like new york city, california, lowering too much will impact people's ability to buy a home. stuart: don't touch the mortgage interest deduction. >> don't water it down. stuart: got a full-court press on this. >> yeah, sir we do. stuart: back to you, charlie. he wrote a letter to president trump. you're concerned about the shortage of skilled workers for the recovery from hurricanes. why don't you go out and train?
11:32 am
>> we absolutely do that today. our number one core value may sound a little soft, but it draws people to our company so my company is doing well. my concern is boosting 62% growth since the bottom of the recession in nonresidential production. the infrastructure bill, which there's still a lot of buildings, not all roads and bridges. all of appalachia to further demand for craft laborer. stuart: do you want to change immigration so you can bring in from overseas? >> i don't want to comment. if you need skilled workers commute trains on yourself, but you still don't have enough. the obvious question, why did you bring them in from overseas? >> the real issue is we need to reach high school students in the united states. >> i'm asking the question one that you raise the issue of bringing them in overseas if you need them?
11:33 am
>> i think we need to educate community at-large. it will take time, but that's okay. we been added between micro with skills u.s.a. and the a's mentorship program which is a huge program supported by all major companies. we are drying in students out of our program actually 68% minorities. during the industry which is a big shift because of the male dominated industry but we are going to see that ship. we need to wake people up in high schools about what a great industry this is and we are making progress. stuart: i've got the same question although we are all trying to recover from the devastating hurricanes. there's a great need for skilled workers. i know you are going to tommy you are training people yourself. you got those programs in place. why are you demand in opening up of some import from foreign labor that can do the skilled
11:34 am
jobs you need? >> we've been very act event we are bringing skilled laborers back into the country. a lot of them left her intercession and we think there's a need for legal immigration to help supply the residential constructions. stuart: i don't think president trump is very much in your camp. >> i don't think he is either. we are training people separated from the military, training the same at the same at risk youth to charlie's talking about them we are also taking a step further doing training in medium security prisons in helping people get jobs out of prison. stuart: are you a little post to comp on a variety of areas here? you don't want to touch a part of the tax reform. you would like more skilled immigrants to come in. >> i think there's room for common ground. we can compromise at the white house. i spent a lot of time the last couple weeks and with many more things in common. stuart: you've been in the white house. did you lobby?
11:35 am
>> talking about training, outsourcing. stuart: what response are you kidding? >> very positive. >> they need to rebuild over 100,000 housing units in houston alone were damaged. every single home on the florida keys was damaged. the residential construction sector were short labored before that. we are mostly short labored now. we need to do something in the administration being very, very responsive looking at ways to do that. stuart: charlie come are you part of rebuilding the hurricane thing? >> what was interesting, in our florida business was amazing how quickly we got back up to speed and in three days back in business with three operations in florida. we didn't see any major consequences coming out of the hurricane. on the commercial side i looked at houston a little bit. what was amazing after hurricane allison, they built the buildings to withstand the
11:36 am
floods. they put in floodgates in the equipment to the upper floors. so what i think will have been coming out of the hurricane season is more investment in preparing for the next hurricane. if you follow what i'm saying, the areas damaged will get smarter about how to deal with it and that just means expansion of our sector even more. stuart: both of you gentlemen have a very firm grip on the state of the economy. i want to ask you where we are going here. we have 3% annualized growth in the second quarter this year. do you think we can grow i'm not into next year to 3.5%, 4% lower that tax cuts? >> what i learned a long time ago is the construction is an indicator of what's going on. we see the strongest pipeline of ever seen in my career in terms of opportunity in front of us. including manufacturing, we see massive projects like fox,
11:37 am
wisconsin. 19 million square feet in one shop and we hear other manufacturers looking to build facilities here in the united states. stuart: 19 million square feet in one place? >> one master plan. stuart: that's gigantic. i can't think of anything that big. >> it will be a mammoth project and it's exciting to hear about that another is proposed. stuart: d. of a piece of that action? same question to you, jerry pearce said of the economy. 3% growth second quarter. are we going to get 3.5, 4%? >> the housing sector is geared for recovery. they will be a downward blip because of the hurricanes. when we come out of that, the housing sector is only operating at 600,000 units a year. when there is an innate demand for one point for-1.5 million. we have every opportunity to continue to grow in the housing sector. stuart: i'm glad you come in and
11:38 am
joined us. we don't do ceo interviews. charlie bacon, he's all right. jerry, we appreciate you being with us. >> thanks for having me. stuart: now this, jared kushner using private e-mail to conduct white house visits. some comparing this to the hillary clinton e-mail scandal. as a member there's a big difference between a private e-mail account, kushner in a private server as in hillary clinton. judge napolitano coming up on all of that in just one minute. ♪
11:39 am
11:40 am
>> i'm nicole petallides victor fox business brief. china may be using some of the rules and that could help tesla. tesla today down 1%. but we are seeing news that they could be using regulation for business trying a flag bearer. and they have to have a foreign relations of the company in china. elon musk with tents and holdings in the 5% stake in tesla earlier this year with $2 billion investment. do we need to have this rule but donald trump putting pressure on china.
11:41 am
this may encourage them to change how they do that.
11:42 am
stuart: the trump administration has unveiled new travel restrictions on foreigners coming from chad, iran, libya, north korea, somalia and venezuela and yemen. all rights, judge napolitano is
11:43 am
here. what you think of it? it's permanent, isn't it? >> yes, it's permanent and far more sophisticated than any of the other two in this way. it addresses the unique problems with each country and those problems are footnoted. it is not a sweeping all number one. number two, it addresses the two chief obstacles that the judiciary putting way. one is there is no exception and that is in there. the other as he was a muslim band. there are countries in here that are not muslim, but still are six targeted countries that are more than 90% muslim. the challenges will raise the argument. there's a little bit of a hook for the government to hang its hat on because venezuela is catholic in north korea is largely whatever it is, atheist i guess. stuart: at the better refine the legal brief, more likely to get judicial support.
11:44 am
>> far better. significantly better than the first two. cases whether or not they will hear argument in two weeks because the basis for that will be gone at the end of this week. stuart: i would like the supreme court to hold hearings and strike down the appellate courts beneath them have gone way outside. stuart: you are smarter than you think you are. there's a principle of law that even when the case is moved, if the country is begging for an answer, and if they are going to come back anyway, the mice will rule on it. stuart: soft on those liberals of california. next case. jared kushner, he has been using a private e-mail account in the white house. his lawyer released a statement on this. fewer than 100 e-mails from january to august weather center returned by mr. kushner in the white house from his first e-mail account. he's usually forwarded news articles and most often occurred when someone initiated the
11:45 am
exchange as sending an e-mail -- we got away on that. trying to compare that to what hillary clinton did and there's no relationship. stuart: hillary clinton had her own server. i don't think mr. kushner is using its own server which allowed her to keep out of the system. the real issue would be what's in those e-mails. if there's anything in those e-mails is confidential, secret or top secret and has a clearance, the same problem going on a far smaller scale. if there is nothing classified in there, he's home free. stuart: are we going to see those e-mails? >> my guess is one of the groups in washington d.c. will sue for them under the freedom of information act and we will see. stuart: mr. kushner, here they are. >> yes, get rid of the gmail account. stuart: are we ever going to get to the bottom of hillary clinton's private e-mail server? >> you should direct that
11:46 am
question and have them sit here someday and i would like to be with you at the time to jefferson beauregard the third, the attorney general of the united states because he is not bound by the decision made by mr. call me not to seek or indictment and there's more than enough evidence to indict her. [inaudible] [laughter] stuart: i wanted to see if you knew who i was talking about. jeff sessions. stuart: the attorney general. stuart: i love to see that question put to him. >> what do you think his answer would be? >> i don't know. but he botched the hillary clinton investigation. they are not bound by whatever he did. the statue of limitations does not run. the evidence of her guilt is overwhelming. they could obtain tomorrow.
11:47 am
as far as we know, they are doing nothing. stuart: should we do it? >> yes. we need to break the mold that they will not go after a predecessor because they don't want to go after it. the government has a duty to uphold the law in national security matters. >> perhaps i should invite jeffrey sessions beauregard to third. stuart: judge, we are out of time. i don't think we've even got an extra 20 seconds. >> mayor yelling at me and my ear. i can even hear what they are saying. stuart: last week we told you about hurricane victims in the florida keys. the barbecue by fedex. pretty good stuff with operation barbecue release. fedex began with more than 10,000 meals for fort myers had you covered this last week.
11:48 am
next, we've got the guy behind the operation. i want to know, serious question. are you going to send mails to puerto rico because we are talking devastation there. he's on the show in just a moment. ♪ ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone
11:49 am
11:50 am
or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com.
11:51 am
11:52 am
stuart: à la hunter a bill in a way that is his name. the pittsburgh steeler players did for the national anthem yesterday. quite an outpouring of support. >> his jersey sales have absolutely absolutely skyrocketed ball with his teammates are back in the locker room, he came out, hand over her for the national anthem. he's an ex-army ranger. three tours of duty in afghanistan and has captured the imagination of people who would mire him for standing up in what he believes in. the number one selling shirt among steelers fans, but now the number one selling jersey in the entire nfl. since making a statement. stuart: we should tell our viewers that the ratings are now when are some of the games played yesterday and they are down. about 10%. sometime a little bit more. but that is a big black mark on the nfl. if you are running out of
11:53 am
ratings, you don't get the money. thanks, ash. next guest works for an organization that delivers meals to people displaced by natural disasters. this group has served nearly 500,000 meals. the victims of hurricane harvey in hurricane irma. david marks is here. the chief marketing officer at operation barbecue release. you're a good man. >> thank you, sir. thanks for having me. stuart: we want publicity to people doing such good work. you actually come from famous dave's peers may dave's peers and become a franchisee in the philadelphia area. stuart: have i got this right? 500,000 meals. >> is mind-boggling. 500,000 meals between hurricanes and we have a significant amount of volunteers. 23 different states, while over 2000 volunteers come to help put fork in the smoker. stuart: that is terrific here to
11:54 am
pay for the food? >> we have some amazing company supporting us. per refresh. they donated hundreds of thousands of pounds of pork paired butterball, hundreds of thousands of pounds of turkey. so many different organizations step out. places like sunbelt rentals, blue rhino with propane do some amazing things that allow us to do what we do. >> we like to feature this extraordinary volunteer effort that took care of people who suffered with harvey and irma and you are one of them. fedex, they flew the food in the meals to you guys down there? >> he came to our rescue. we have some pilots of small planes taken a couple hundred meals at a time and a volunteer by the name of scott guy from a mechanic. fedex has a program called fedex cares and within 18 hours we had fedex committed to helping us air lift 10,000 meals a day to the keys. stuart: remarkable. as you know, the island of
11:55 am
puerto rico has been utterly devastated here they've got no power, no water, running out of food. can you do anything in puerto rico at the same effort you did in texas? >> this is a different dynamic or puerto rico cannot handle another human being. but they need to mails desperately. we are currently working to set up a site survey can be near airport in air lift food to puerto rico without putting any humans on the island we can put a lot of food on the island. >> operation barbecue release, did not exist before harvey and irma? >> we've been around the relief efforts in joplin, missouri from 19 order they are. fen/phen was served 1.7 million meals. we had incredible effort to train volunteers. stuart: none of this is government money. private enterprise money and volunteers, fedex and all the rest of them came together. i thought that was a fantastic
11:56 am
effort. the great thing in america. makes me proud to be in america. really does. stuart: you are all right, to peer thank you for being with us. much obliged to officials at cal berkeley said the brief appearance of my logan novelist on campus yesterday cost the school $800,000 to ensure his safety. most expansive bash every berkeley. ashley: especially when you consider he was there for an hour because free speech week was canceled because apparently they don't like free speech and it's not free at $800,000 for less than an hour. look, two weeks prior to that, ben schapiro gave a speech coming other conservative speaker. 600,000 was spent on security for his appearance. to combine the two, 1.4 million in security with two conservative speakers. it's getting ridiculous. there were 11 arrests, by the way, including not only for anti-act or this, but one man
11:57 am
who was wearing make america great again message. he was detained as well. stuart: he was detained. i remember mario savio who read the free speech in 1963. rolling over in his grave i would imagine. check the big board down 85 points now. down while over 100. 25 -- 22,265. there will be more "varney" for you just after this. ♪
11:58 am
. . . .
11:59 am
stuart: ashe, getting updated ratings from last night the football game and effect on the protests. cbs sun night, down 19.4% according to nielsen. >> that is huge drop. stuart: that is year-over-year. >> last year elections, this year storm coverage. last night, i'm not so sure. stuart: i don't think people
12:00 pm
wanted watch people taking a knee. >> they wanted to watch a football game. stuart: they want to watch sports, simple as that. that is why you and i watch soccer and golf. >> no politics. stuart: our time is up. wonderful to be back. thanks, every one. here is neil. neil: stuart, thank you very much. whether there is direct result of players protesting the national anthem or worse, this country the bottom line is, every minute we're devoted to talking about it is one minute less that they're talking about things like tax cuts, that are talking about health care reform. the latter is sort of on life-support right now. the former is looking kind of dicey as well, as some moderate and conservative senators argue back and forth over where this is going. but again the issue gripping america is back and forth whether the nfl has a problem on its hands. right now, of course, no punishment will be meted out for those players who didn't walk on to the field. they would

108 Views

info Stream Only

Uploaded by TV Archive on