to your every move. does your bed do that? i'm the new sleep number 360 smart bed. let's meet at a sleep number store. >> great show today, everybody. thank you so much. right to stuart varney we go. stuart, take it away. stuart: thank you very much, indeed. getting something done. isn't that what the public wants? and this may be the moment when something does get done on guns. good morning, everyone. the televised debate yesterday was remarkable. the president brought left and right together in the white house, and they had at it. it was not a congressional debate, it was a trump town hall. highlights. the president accused politicians of being petrified by the nra. quote they have great power over you people, and he said they have less power over me. we've never heard that about the nra before. he wants the police to have power to take guns away from mentally disturbed people.

quote, take the firearms first and then go to court. that is a radical suggestion. where is the due process? house majority steve scalise proposed an extension of concealed carry rules. the president told him flat out that bill would never pass. outlaw bump stocks, tougher background checks, age limits to buy a gun. wants to propose a bill to tackle school shootings from many different angles. he says we have to stop this nonsense. outside the white house debate, businesses are taking action. walmart and now kroger have joined dick's sporting goods to stop all gun sales to anyone under 21. sum it up. this is new. instead of politicians and talking points, the president has stepped into anchor a running debate complete with all the give and take that a jolted company requires. that is progress. regardless of your position on

guns, the president is neither right nor left. his message is this: get something done. "varney & company" is about to begin. ♪ ♪ . stuart: you, ladies and gentlemen, are looking at a turn around about an hour or so ago we were down about 120 points. now looks like we're going to open with a 20-point gain. remember, please, this is march the 1st. look back at february for just one shining moment. here are the biggest winners on the dow. there were a couple. cisco, apple, and intel. but it was a rotten month for almost everybody else. here's the biggest losers in the dow. this is last month, february. walmart, exxon and ge. they're the biggest losers. and, boy, did they lose. all right. that's the market. we open up march the 1st today a little bit higher. let's get back to that very extraordinary town hall on

guns. the president brought left and right together in the white house. roll tape. >> i want a very strong counterpunch because if you have a strong counterpunch, you're not going to have this problem anymore. we have to do what's right. when it comes to mental health and other issues, i said we have to do what's right. some of you people are petrified of the nra. you can't be petrified. what surprises me more than anything else is that nothing's been done for all of these years. stuart: wow. interesting stuff. senator john kennedy republican from louisiana joins me now. sir, i've got limited time, and i have three subjects i want to get right at. >> okay. stuart: number one. president trump says take guns first. go to court later. radical stuff. your reaction. >> i disagree with him. i'm not scared of the nra. i am scared of public officials, for example, like former attorney general eric holder. if general holder had that

power, he would confiscate guns and give people due process later. look, some of my colleagues here mostly on the democratic side. i mean no disrespect. their copy of the bill of rights goes from one to three. it skips the second amendment, and they talk favorable about other countries like uk that ban guns as if it's a good thing. you know, my attitude is if you think it's such a good thing, carry your happy ass there. i mean, this is america. you have a constitutional right under the heller decision and under the macdonald decision to own a weapon and defend yourself and hunt with it or use it for whatever you want. stuart: sir, the president looked across the room and said you are -- some of you are petrified of the nra. you're not petrified of the nra? >> i am not.

i am petrified of giving the power to confiscate guns and ask questions later to public officials. i don't mean to pick on him but, for example, general holder. he would have used that power. and, look, if you trust history -- or if you trust government, you obviously failed history class. i mean, the native americans gave up their guns too. stuart: you know, he went right at steve scalise, majority house whip. he said "do not put concealed carry across state lines in any bill that you come up with." your response to that, sir. >> i mean, politically, probably the president is right that it would've difficulty passing the senate in terms of policy, i support steve's position. i think that if you have the right to carry a weapon in one state, a sister state should grant you reciprocity.

stuart: the president wants to get something done. that's the bottom line. he's not right, he's not left, he's brought everybody together. it was a civil meeting get something done. would you be prepared to vote for something, even though you disagree with parts of it. but would you vote for something because the public is demanding get something done? >> well, i don't want to get something done if it makes things worse. and a lot of the legislation that's being talked about is false hope. the system broke down. that's why i said the other day we don't need more gun control. we need better idiot control. and i'm talking about the idiots who are supposed to be sending information to the national database employees at the state and federal level that aren't doing it. i'm talking about the idiots

who could have stopped this. there were 40 communications to state and local officials about this guy. and i'm talking about the idiots who aren't mentally ill but who just have hate in their hearts. i don't believe that everybody in this world does something bad is sick. i think some of them are bad. stuart: i do think, senator, we're at a turning point, and i think something will get done. john kennedy, thank you very much for joining us, sir. always a pleasure. >> thank you, sir? stuart: yes, sir. thank you. all right. that's politics will happen let's get to money. february worst mon missouri in two years for the dow and s&p. joining me now, brian, let's deal with the market, first of all. is this the time to buy? i know you've been fairly bullish. you want people to buy stocks. best place to be. buy now? >> well, i can't promise you that if you buy now you're going to have more money a week from now or a month from now. but i do believe that over the next couple of years if you buy now, you're going to be in

great shape. this market is still cheap and the fundamentals of the economy, in other words, economic growth, wages, jobs, they all look great. earnings are rising rapidly. stuart: hold on a second. we've got numbers at 8:30, about 40 odd minutes ago. >> yep. uh-huh. stuart: income up 4%. okay. doesn't sound like. of, but that's a pretty strong gain in income. >> oh, yeah,. stuart: spending was .2%. that's not very strong. so we're he didn't more. not spending as much. >> right. stuart: on the initial unemployment claim dropped all the way down to 210,000. that's monumentally low. if you're talking about the fundamentals of the economy, that's all good stuff. >> it's absolutely great stuff. so a couple quick points. no. one, look at that official claims number. that's 210,000. if robots were stealing our jobs, stuart, which a lot of people are saying they're doing, we would have a lot more people filing unemployment claims. it's just not happening.

in fact, technology is great for the economy. number two, as if those income and spending numbers they go down from month to month. but the bottom line is we have ayou great trend. unemployment is 4.1%. wages are picking up. corporate earnings are picking up. and the corporate tax cut is going to leave an -- leave even more wage and earnings gains in the year ahead. that's why i believe this stock market is a buy. even if it goes down today or tomorrow or even over the next month. it's a buy. stuart: we got it. all right. brian west bury. thank you for joining us, sir. we'll see you again real soon. that's a fact. >> thanks, sir,. stuart: we have an amazon story for you. but it's not the normal amazon story. oh, no, it's not. they're not going to some other industry. no, what they're doing is they are at odds with one of their own units. that will be whole foods. explain. liz: what's going on is there's a report out there. there's a fight within this company. basically amazon is saying put

coca-cola on your shelves. whole foods is saying wait. we're healthy. we don't want to put coca-cola on our shelves. this is bringing the skunk to the picnic. now in the controversies. whole foods was losing sales. now amazon buys it. amazon sees the middle class family and says you know what? we can't afford your organic mac and cheese. get the products we can afford. so now the greenies and the organic crowds are having a battle over. we're talking about grocery store, you're turning whole foods into an expensive kroger's. this is a great story what's happening with whole foods. stuart: i'm dying to see if whole foods starts buying coca-cola. i can't wait to see that. check the futures, please. yes, the turn around continues. we were down 50 about 90 minutes ago now we're looking at a gain of over 30 points on the dow industrials. you have to check this out.

this is extraordinary stuff. a video from inside a church in pennsylvania. they held a ceremony honoring guns. worshipers brought dozens of loaded ar15s to the service. that church teachers that those guns are the rod of iron mentioned in the book of revelation. i'll have more on that in a moment. and as many as a million cars destroyed in hurricane harvey. that's more than any single disaster in america's history. experts now warning used car buyers get your car inspected for flood damage before you buy. that's good advice. president trump says our steel in the aluminum industries are getting slammed by bad trade deals. he's had enough. he says we can't let our country be taken advantage of anymore. question. is this the opening salveo of a trade with a? more varney after this well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all.

well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. but i'm not standing still... and with godaddy, i've made my ideas real. ♪ ♪ i made my own way, now it's time to make yours. ♪

♪ everything is working, working, just like it should ♪

. stuart: well, check out best buy. this is premarket. they're up 1%.

they're going to close their mobile phone store, but they are increasing their dividend by about 30%. 32%, to be precise. the stock is up nearly a buck at 73. look at kohl's. bright spot in retail. they're up 20% this calendar year. this morning, they're down a fraction. it's down 33%. and coals joining walmart and best -- and what is it? dick's sporting goods in not selling guns to anyone 21 or younger. i'm sorry. that's kroger. i'm making a mistake here. i do apologize. this is kohl's. totally different story. my apologies, folks. my mistake. tweeting this morning. here's the quote. our steel and aluminum industries and many others have been decimated by decades of unfair trade and bad policy with countries from around the world. we must not let our country, companies, and workers be taken advantage of any longer. we want free, fair, and smart trade. come on in, congressman todd

reed, republican from up state new york. now, already the europeans are saying you impose tariffs on steel and aluminum, and we'll take countermeasures. it sounds awfully like the opening of a trade war. what say you? >> well, no, obviously, very concerning rhetoric coming out of the eu. but at the end of the day i think what the president is doing and what i had -- a conversation we had just this week down at the white house i went down on this issue is we were saying we agree. the american marketplace for so many decades, so many years has just been kind of standing on the sidelines when it comes to enforcing our trade relationships with our foreign actors and foreign trading partners, and we're going to say enough is enough. but at the same time, i think there's broad recognition that what we cannot do is institute a trade war. we need to just have enforceable measures and say we will stand up to protect our measures but at the end of the day we want our market to compete on a fair, even level playing field. stuart: i have to bring you up

bring our viewers in on the sell advised meeting yesterday in the white house on guns. he brought both sides together. both sides of the aisle. it was a very civil meeting. president trump wants to get rid of -- he wants to make changes. he wants to get something done. he wants to get rid of bump stocks. he wants tougher background checks. no gun sales for people under 21. and he wants to take guns away from mentally ill people. take the guns first. go to court later. are you onboard with that kind of comprehensive bill that may come before congress? would you vote for it? >> you know, i'm looking at -- if we're going to have a conversation about gun control, we also need a conversation about the mentally ill and deranged like this deranged in particular laz crust. stuart: that is a conversation, and he brought it up yesterday. he brought it up. and he said specifically take the guns first and go to court later. are you onboard with that? >> i believe that's a step too far for even a gentleman like

me who is a firm believer in the second amendment and believe that's going too far. . stuart: so what would you do to get guns out of the hands of mentally-disturbed people? what would you do? >> yeah. you need to make sure that the background check. i'm open to this conversation. background check system is functioning properly. the data is getting in there and having access to that dat d. stuart: but wait a second. wait, wait, wait. this is important stuff here. would you open up the therapy patient privacy and report threatening behavior to the background check authorities? would you do that? >> i would definitely have a conversation about that. it's about time. stuart: but would you do it? >> we talk about these individuals. i'm open to this conversation. i'm open to having a situation where people like nikolas cruz are saying and acting violent are left amongst us to walk freely. that, to me, is a conversation we need to have as we have this with gun control. that's why marrying these two solutions together, mentally

deranged and in a position to be removed from society and having their liberties restricted, i think it's something we have to have a conversation about because they are the ones that are committing these heinous acts, and we need to go down this path as we go down to gun control debate at the same time. stuart: i do believe we're getting closer to actually doing something. congressman tom reed in new york, thank you for joining us, sir. much obliged to you. thank you. now we have this. russia's president putin says he's building up his nuclear arsenal, developing new intercontinental ballistic missiles that can deliver a nuke anywhere in the world and get past our missile defense systems. details after this

. stuart: we have news on equifax and the great breach, the hack. they now say 2.4 million additional accounts were hacked. names and driver's licenses stolen. that's in addition to the 145 million that were originally reported. now this. vladimir putin talking up russia's nuclear arsenal in a big speech this morning. what did he say? liz: nationalistic militaristic speech. three important points. he says we have a new missile that can hit any target in the world. a new super sonic weapon that

cannot be picked up by any antiradar system in the world, and a submarine drone that can carry a nuclear-tipped warhead. and he says this. i want to tell those with the arms race in the last 15 years to try to contain russia with your unlawful sanctions. you have failed to do that. stop ignoring us. listen to us now. by the way, he's up for reelection. an unprecedented fourth term. he also know that one in four russians are in poverty. stuart: and he aimed that message at us. liz: that's correct. stuart: spotify, the music streaming service announces plans to go public. big apple competitor. scott martins with us this morning. it is a direct competitor with apple. they want to go public. they are going to go public fairly soon. would you buy it? >> it's going to be an interesting ipo, stuart, because they're not using an underwriter. it depends on price. and without an underwriter,

not what you would see with the preipo with snapchat, for example, where you know what you're going to pay until the day above. spotify has 150 million subscribers. one of the things i do like is about half of those monthly are actually paying users. so that's a good thing. but the company still lost over a billion dollars last year is a little cherry on the sundae for you. stuart: yeah, but they have 159 million active users, each of whom pays per month, i do believe. that's quite a big number. i believe they do pay; right? it's not free. >> half of them do. about 71 million pay and then the other ones listen. but they want to convert all those with the subscriber model. but less face it. the music service is good, so i think they have a chance of doing that. stuart: stay right there, please, young man, because we will bring you back at the opening of the market in four and a half minutes time. and we're going to see fairly flat to slightly high. but please remember. we were down six and a half points to the last two trading sessions.

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expected to go down ever so slightly. bottom line today, though, folks, we're coming off two day of very sharp declines which have carried the dow industrials way down about 600 points in a couple of days. we closed out yesterday just above 25,000. here we go it it is 9:30 thursday morning, we're off and we're running down 4 i would call it flat open to the market. 25 just holding as we speak. let's have a look at the s&p 500, is that also a fractional loss no a fractional gain i mean fractional it is up .03% how about that nasdaq where's that going in a very early going this morning? i'll tell you now it is up. [laughter] .0 -- it is down 11 cent okay down 11 -- i'm getting confused call that dead flat. amazon wants to add more consumer goods to whole foods shelves. like coca-cola.

whole foods hates the idea more on that shortly but amazon sup a buck 55 wal-mart kroger and dicks sporting goods all raise minimum age for buying guns to 21 all of those stocks up not much. but all of them are up. who's going to go through this market this thursday morning? well we have with us elizabeth macdonald scott martin and john lei field rough month for stocks in february. so let's look to march, john -- is it going to be better? >> i think it is. i think mr. powell did a wonderful job of telegraphing fed moves i think the fed is very -- worrisome about the inflation and if letting the market know that these moves are coming. i think if we get to 3.8% unemployment projected by year end low fest in 50 years. and they're worried about because 156 market started at 9:69. 16 years later it was 8.75 and reason was because the fed got behind on inflation that kept rates low. i don't think fed wants to

repeat errors did you doing a good job right now of telegraphing. >> comen in please scott what's your opinion rotten february, how about march how's it look? >> i'll tell you man had i'll channel my inner lloyd bridges here if march isn't better than february i picked wrong month quit drinking here. but i'll tell you what john is right. this is -- this is about interest rates, though, that really is what's going on, and what the really strange thing to me is it's a good thing that interest rates are normalizing whether that is 3.5% on the tenure note and majority is having is trouble with that. so when this adjustment period ends i think that's when it is beginning to be probably okay for stocks but for the first say few weekses with month of this petered stocks struggle with a new higher interest rate environment. >> we have about 2.8? >> yes and lare summers saying armageddon is around corner listen a recession didn't trigger of fair market so i don't know what they're predicating their dier forecast

on so -- >> they have dier forecast. in contrast to john -- out there in bermuda. [laughter] wal-mart kroger and dick sporting goods not allowed to buy a gun in those store unless you're 21 or older scott will will have any impact any impact at all? effect yoct believe so. we recently picked up wal-mart as i mention last week because i think the reaction to earnings last weeks well over done, so i believe that you know in overall kind of looking at thing, somebody being 20 versus 19 versus 21 make them less likely to do something terrible like in florida recently my guess is no. it is playing politics it is a statement on maybe these companies or those stores taking action. against some of these gun purchasesser but to me, the overall picture for retail say outside wal-mart isn't that great so we don't own any of the other two. >> more or on the gun debate activist are organizing 24 hour

boycott of amazon and apple and today because of the tie to the nra what are they up to? >> 24 hour boycott led by celebrities and jest teen bateman so you know -- >> wait a second. if you boycott a.m. son for 24 hours does that mean you don't watch amazon prime content on your tv set? you don't order amazon online? you don't touch amazon for 24 hours that's a boycott? >> that's what they're saying to people out there to do. and it's you know taking off in social media. the other side of the aisle is saying nra is made of grassroots patriotic decent americans. they pay their taxes, and they're saying that guns make a safer -- this is nra followers argument, and they're basically saying watch what really is behind the parkland massacre. dozens of red flags missed. >> 24 hour boycott organize it for today. let's see how they go. amazon not seeing eye to eye

with whole foods now whole foods, of course, is a unit of amazon they bought them last yore and amazon wants whole foods to stock their shelves with coca-cola. and whole foods doesn't like it. >> this is end times to people at whole foods they're saying wait a second we're about quality. we're about organic you know -- foods with no preservatives in them we know coca-cola has preservatives in them. this is equivalent of bringing skunk to picnic at whole foods so we talk about grocery wars now it is grocery wars inside -- the same company. and it has to be pointed out that whole foods wases experiencing eight straight quarters to downside in sales until amazon bought it. >> john i say good for you amazon make sure these that whole foods performs. what say you? >> absolutely. these tree huggers try to be absolutely nuts. i love whole foods i think it is great. they have bars in some of their stores you can drink to get your organic food and then drive home how dangerous is that? they're not -- they're not recommend technician

that. of course they're not. but they sell beer dch this is redc louse. you have to compete with wal-mart who also own amazon getting into organic food you have to compete and sell more product. >> look at that big board down 26 point we're in business for six minute this is thursday morning. we are with 26 right at -- just dropped below 25,000. now we're down 3-9d points as we speak. hostess okay strong performers, why? well they saw a lot of chocolate cake twinkie and white cake ding dongs. what a great time to be alive. do you think they should stock them? >> immediately we're up 12% on who is teases, and the twnk as in twinkie that's their stock ticket and bath and body work their owner or upbeat outlook for the future and they're going to be pretty good. not helping the stock i'm sorry. i'm sorry.

they gave a down beat outlook. i keep doing this. i better not take another week off. down beat outlook that's why the stock is down nearly 10% on l brangdz. barnes & noble earn loss money again and that stock is down -- just one cent -- back down to $4.49 a share. higher growth at kohl's been a bright spot in retail business this year actually up 20% in the year 2018 but better sales in holiday quarter for best buy it is by the way closing its mobile phone stores. all of them i believe -- by the way, the company is raising its dividend 32%. that's largely why that stock is up 2%. are they feeding the heat from stiff competition? are they? >> these are the shopping mall sort of kiosk stores they're shutting. >> so feeling the heat if they're up 2%. they're diagnose well. >> i think best buy is wow. what a performance it has made

through the retail ice age for best buy to be still is in the game is a big deal and kudos to management there. >> it is a turn arngd story actually because best buy was -- i don't think, ropes years ago. nebraska actually played organ music. >> we didn't but we were close. i do their and now 73 dollars share. let's talk about j.c. penney where we did play organ hiewks. as in deaf watch. they're going to convert full-time employees to part-time positions, they're going to hire more part-time to organ music there an trying to cut costs to maximize staffing at busy times isn't this about getting away from paying for medical care? >> part-timers now 24 hours week is what j.c. penney is talking about you're right about overhead and health care benefits. is this enough to revive the jc fenny stock this is what we've been talking about for years now and it has been doing for some time. j down in the dumps for a long, with long time. they're victims was retile i think.

victims there look at comcast, it's nbc universal division, says it plans to cut the amount of prime time tv and time by 10%. this fall -- they feel heat from netflix? >> they are. what's really interesting they're saying they hate advertising. they're looking stream requesting no ads why we cannot have clutter commercials anymore. so they're doing what -- what i would say is smart advertising where they'll show an ad within a family sitcom that say for baby products. something that's focus to the the type of show that they're showing. so that's what nbc is now repositioning itself. j but john you first is this a win for netflix? >> i think it is. i love sports i love sports i can't stand millennials but they have a point about live sports that, it's hard to watch an nba game towards the end that i love because of commercials i think

they have a point. i think this is the way they're going to go much like the premier league soccer in the wok a continuous game with product placement that will go forward i think that's the future of advertising. that time 9:40 i have so say about goo to jun and scott thank very much for joining us all. all good stuff. now check that big board because we've come down a peg or two in last few minutes we're now down 67 oints. 24,593. a big announcement from amazon, ufc fans are going to love this one. you can now get pay-per-view fights streamed to you through amazon prime. details coming up on that one. amazon is right there at 1509 the per share. a church in pennsylvania holds a ceremony honoring ar-15s qor shippers bought their weapons into the church. lots of outrage and protests over this one. fox and friends host pete reacts to that in just a moment.

>> the market has turned south in last couple of minutes down 600 in the last two days. down another 100 in the furs 13 minutes of business now. we've dropped purply below 25,000 and falling. amazon prime video will now show pay-per-view usc fights nicole come on into this. if i've got amazon prime, can i watch these fights for free? >> bring on the fights, no nothing is for free. stuart, come on. so in order to watch the ufc fights this is a new deal that's been put together a fight could cost you close to 60. 60 for 99 there have been working out how they going to do this get it out, this is a new

way for to get out o the to members roughly estimated to have this opportunity. and also they have a fox field. but nobody wants to go to ufc website to sign up and do an app or whatever. everybody is already involved with amazon prime and this gives you an opportunity to see live video, and you can watch it 24 hours later rewind. replay. you with really get into it. >> if you're really into it. nicole -- you have to be into it if you pay $65. >> i guess so. that's true. at toi the toys"r"us may go away in britain. filing for bankruptcy, for example, 3,000 people shown the door. app video games, buying toys online, did in toys"r"us. it is shutting about 182 store this is year. over basically. bad christmas season for them there. >> when my kids were young way back then they were the place to go toys"r"us half of the day walking the aisles with the kids

that's how you did it. totally different subject ladies and gentlemen. church goers seen holding ar-15s as part of a commitment ceremony at a pennsylvania church. see more of this video. joining us now is fox and friends weekend co-host pete. now you're a proguns kind of guy. but that is not good publicity for you guys, is it? >> why does it have to be me? i would say that's a fringe church that's not your average presbyterian church but they wouldn't let me in the building but reality is this is a fringe group with a particular perpghtive but if we look back on our own history our revolution was often times led by the pulpit from baptisters said take up arm because tyranny is upon us. but not now but there's no reason why a minister or people of faith can't understand that second amendment is inherent right that we have with individuals to defend ourselves. dfnlgt you cringe a little when you saw that?

>> sure. not my sunday necessarily but my father carries conceal when it goes to church i know i support the ability for more people to carry conceal to cross the country. right to self-defense is something to be constitution and i believe motives on other side to take that away in almost every way they can. ening unked. now there's a poll that says, 50% of those who responded it want to arm teachers. but at the same time -- we have an incident in georgia yesterday where a teacher armed with a gun -- fired it okay in an empty classroom but he fired it and created incident with people -- guys with guns all over the place this and out of school again that's not the publicity that you wanted because you favor arming teachers. >> i do not all are created equal not all of them should be carrying concealed and the reason people agree with this is because personally i don't my schools turned into prisons. we talked about this a little bit offcamera i don't lock doors and smoke >> grenades and triggs

here. maybe might need that in certain areas that's for local schools to make but i would rather have is a pleasant environment where some teachers are not soft target the. and they're able to carry conceal. >> what about this person -- >> also inflation in all of this school shootings most of the school shootings that occur are one shot into the ground something happened it and this person is arrested. unfortunately those type of things happen. >> some of them are -- does itens of kids -- >> that's why you need armed teachers that's why you need teachers with a qualified background with a right training. >> i would rather have a negligent discharge -- >> you're talking about -- hundreds of thousands of teachers having a gun in the classroom. >> local school boards able to make a decision for their no one at the federal level should tell anyone they have to do this. education is local control in this country if a local school board member wants to cast a vote that says i believe teachers in our district should

ability to carry to conceal after proper training certain percentage not everyone needs to. maybe a pass even more extensive background check. mental health test all of those things my kids in those schools are safer because good guys are carrying concealed. as opposed to being depending on police and sheriffs which we saw in this distinct we're not prepared to respond the way they should and didn't do so in a timely manner. >> i think your sides and your opinion are on the defenses at this moment in time. >> i think we're on defensive is advocated people relate that authority figures in clools responsible about it could carry and as a result kids are safer if an distinct occurs but you bet vet them and train them. >> one thing you and i will agree yesterday the tv performance in the white house with a start of something very, very new both sides coming taillight a civil discourse on both sides. and that president of ours he's going to get something done and that's new. >> that is new yep depends what

that thing -- >> i agree something will happen. pete you're a goods man. >> appreciate it. >> you're all right. hey the majority came back a bit. just a couple of minutes ago we were down 110 now we're down 68 i call that an improvement. yes i do. ty take credit. [laughter] right. the president trump he says that government should be able toll take guns away from people who are deemed mentally ill. without getting a court order first he says furs, the firearms go to court after that. where's the due process? we'll have the judge next on that.

>> all right let's have a look at this. the president making a statement on gun control from yesterday. roll tape. >> a lot of times by the time you go to court it takes so long to go to court to get the due process procedures, i like taking the guns early like in this crazy man's case. that just took place in florida. he had a lot to go to court would have taken a long time so do exactly but take gun first go through due process second. fng that was key sentence first talk the firearms first. then go through due process later. i can feel him seething from my

two feet away andrew napolitano the judge is here. >> i had to listen to that twice to make sure i heard it. properly -- >> you did. nevermind i don't like it constitution doesn't like it. government is absolutely without authority to do that and quite frankly president is wrong on length of time it would take judge is sitting for application it is takes two and a half hours to from the time you file the application until the time it's hurt 24/7 in all major cities and i'm sure that's the case -- in florida. >> so i hope that the president changes his mind in this. i can't imagine the congress going along with this. i mean hillary clinton never said such a thing. barack obama who hated the idea of personal ownership of guns never said such a thing. cease first due process later what is this alice and wonder land? >> typical president trump which -- he opening fairly extreme is an negotiating position maybe -- so he can get these quick judicial judgments. >> so let me make the other

argument without betraying my fidelity to constitution a good negotiator he knows this demands more than he expects to get. >> exactly. so did he want to make a point that the white house has a new attitude about gun control? boy if he wanted to make that point he made it in spades yesterday. >> but he had to make it. does not have a majority in the senate going along with this -- cease first and due process later. smtion still seething. thought of me the minute you heard him say that. >> booked you on that basis immediately here's the president he's sitting here -- and he's brought left and right together in the white house. they're having the first civil discussion that i can remember. not in congress you know don't debate anything in congress but debate it right there. >> these discussions are great but everybody in that room has done the same thing. taking an oath to uphold constitution which means constitution as a supreme court is interpreted and the last time the court looked at beguns which was a four years ago, it has a

natural, personal human right and government must go through great stepses to prove that a person is not entitled to that right. j maybe you could speed up those -- those things that you have -- judge is signature all of the time. in which case maybe more of them and provoked that. because you have to take guns out of the hand of the mentally ill. you have to do that. >> the fbi, with when the -- bondsman male bondsman in mississippi said look what i saw own facebook had run that kids' name through a computer it would have found seven human beings in the united states with that name. and then if they ran it through ncis computer they would have said one is 19 and he bought an arkansas a 15. we better go visit him did they do that but not tampering with the rights and catastrophe qongt have happened. >> we got you judge and be back in the 11:00 -- >> calm down. we'll be back. more varney after this.

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>> is it pure entertainment, political theater, national reality tv show? a never ending soap opera. what is exactly the trump white house all about? it is certainly an endless turmoil, isn't it? just this week son-in-law jared kushner was denied top level security clearance. that produced gossip about the trump family, ivanka, jared, versus chief of staff kelly. hope hicks, communications director, out. she is one of the longest serving trump aides. personal tumult for her after linked romantically to a now fired white house staffer. astonishing exchange between the president and attorney general, neither happy with each other. the dispute right out there in public. before this week nine senior white house officials have left their positions. that is unprecedented in modern presidential history. one is tempted to ask, so what?

it is hard to see what effect this has had on the president's growth agenda. it is still in place and it is working. taxes are cut. wages rising. red tape cut. businesses expanding. all of that achieved against this backdrop of a soap opera in the white house. and the president's approval rating, yes, it is rising. so you have to ask, are we getting used to the chaos and do we actually find it in some way appealing? wait a minute. the trump haters will continue to hate trump. the elites find him embarassment and find him under mouth. there are many people who are cheering him on. they didn't want another politician who softens every statement. voters knew exactly with they were getting. they were not quite prepared for the twitter storm. it is very effective way for the president to communicate over the heads of contemptuous media. bottom line, chaos in the

white house is unlikely to stop. it is in the president's nature. he is a business guy, not a politician. he is all about getting things done. and he is getting things done. people seem to be enjoying the prosperity and ignoring the ins and outs of the white house show. second hour of "varney & company" is about to begin. ♪ stuart: we have economic data for you. first about the manufacturing sector. liz: whoa, solid read, 60.8. it is hottest trend now going on in manufacturing. new orders coming in very strong. this is the best performance in seven years since may 2011. factories in the u.s. are humming along the trend is in place for year-and-a-half. manufacturing sector of u.s. economy is moving. stuart: we said a moment ago the

president's agenda is in place besides turmoil of white house? do we latest read on mortgage rates? liz: 4.13%. we are seeing home sales of existing home sales, the worst performance in three years. so we're going to watch the home sales. higher mortgage rates hit it. home prices shrinking ininventory too are an issue. stuart: close to 4.5% mortgage rate, 30-year fixed. got it. dow industrials not responding that much to those items of news. look at the big tech companies. facebook is back down to 177. amazon is barely above $1500 a share. microsoft is back to 93. alphabet is down sick bucks. openly -- six bucks. apple is 178. yesterday it was 180.

now you have to be 21 to buy a gun at walmart and dick's sporting goods. and kroger. take a closer look at apple. it is at 178.50. joining us is eddie gabor. the coevenner of key advisors group. okay. about a month ago you said buy apple. >> yes. stuart: well you got it right, it went up and hit 180. got it right? >> absolutely. stuart: now the folden question here. if it goes to 195. it is about 180 now apple is worth a trillion dollars. will it get there soon? >> i believe so. stuart: whoa. >> i believe it will eventually hit 195. when i call the positions, we're talking three to five years out, i'm making investment, when i'm making recommendations i'm

advising clients to get a core position and buy the dip. great example last time i was on the show i believe the stock was $172 a share. stuart: that's right. >> we had a selloff. it fell to 160. adding that position, dollar-cost averaging in, it es above where it was when i was on here a month ago. stuart: that is your strategy. let's just talk apple for a second. dollar-cost-average, put same amount of money every month into that same stock, whether the thing is up, down, side way, you don't care. you put the money if? >> if you believe in the core position, i don't believe you ever should be fully invested. that doesn't give you any cash to buy the dips. this volatility we're seeing right now, scaring investors, should actually excite investors. volatility is good for the markets. stuart: that is only for long term investors. someone like me, old guy. might want to retire in the next six months, you never know. so, i mean i'm not a long term

investor anymore, am i? >> if you look at average person, age 65, not saying age 65. stuart: i'm older. >> average age goes to 85. stuart: yep. >> your time horizon as investor today at 65, 70 years old, much longer than where it was 30 years ago. having zero stock in a portfolio for someone who is retired, generally is not going to give you inflation hedge or growth that you need. say you have a 50 or 55% stock position. you have fixed income and other asset classes. you see the dips. you may want to increase your stock position to another 10% to 60. then when it bounces back if it bounces back, rebalance back down to the 50/50 slit. stuart: so you like apple. >> yes. stuart: you think it is going to 195 at some point in the next few years, dollar-cost-average, keep putting money in. you like google, correct? >> yes. technology in this economic cycle will continue to do really, really well. they have double disedge it

revenue growth. when you look at google, they're big into artificial intelligence space. i think that continues to be a trend that companies are going to try to get cutting edge on. stuart: next big thing? >> it is, it is. that is the future of technology. if you're not in the ai space you are going to get eaten up by your competition. stuart: your investment strategy, to repeat, dollar-cost averaging same number of dollars every month into the same stocks, just build up your position. >> absolutely. when you have volatility like we have now, you see a 10% drop, you may want to accelerate your purchases. stuart: okay. maybe. got strong stomach. >> that's right. you have to have a strong stomach. look, three to five years. these short term predictions like throwing a dart. stuart: look, most people do have a long-term perspective. >> that is true. stuart: most of our viewers are long-term investors. they're not traders, in now, out in ten minutes. >> that is exactly right. >> may be why you're quite popular on the program. >> thank you for having me, sure

thing. we have breaking news on equifax. we brought you this, the hack, remember the big hack, worse than initially thought. another 2.4 million people had their information stolen and that is on top of the 145 million previously reported. congressman greg walled en, now he is joining us now. sir, this is blockbuster news. what are you going to do about this? you're in congress. you're in a position to do something. what are you going to do? >> we'll have man did i ant, the firm investigating equifax, brief us how this was found. why they didn't see that earlier we've been engaged in an investigation. the initial thing we found breakdown in communication between equifax, two entities whether they knew they had software and knew they needed to update the software and they never communicated this is up conscionable. this is against federal law and policy we want to make sure

consume remembers protected here. we'll dive into this one. all tools are on the table. stuart: if a company loses, your personal information, it is hacked for whatever reason, they lost it, you want to make them responsible for that loss? >> they actually already are under federal law. stuart: that's true. >> they're required to maintain security of this very valuable information. we trust them. they violated our trust. and we've got to hold them accountable. you know, i mean my records, other people's records have been violated much the first thing we all do, now what to i have to do? why is this burden on me? i have to go to some website, i have to fill out -- they didn't even get that process first time out. there are problems with equifax. we'll continue in this investigation. we'll get to the bottom of it. stuart: now the white house is holding another, i will call it, almost a town hall meeting. we had one on guns yesterday. there is another one today. i believe on the opioid crisis. >> yes, sir. stuart: you have ideas what to do about this. are we going to get some firm

idea? what do you want to do with the opioid crisis? >> let me take it from two angles, stuart. one we had year's long investigation what went wrong in investigation, where hundreds of millions of pills were dumped into communities of 3, 4, 500 people. dea didn't spot this sooner. how these bill distributors were allowed to get away with this we're looking one end to the other. that is on going investigation. second is the legislation and funding. congress, republicans, nobody ever put forth more financial resources to help our communities to combat the addiction issue and interdiction issue. legislatively we held a meeting a few months ago. 50 members of congress, right to left, here are ideas where we can change federal law. john calf co, former prosecutor, member of congress i was busting drug rings. they change one molecule, all of a sudden that toxin is now legal. it is synthetic opioid.

it is synthetic fentanyl. we can't go after them. he has a bill to fix that. we took that up yesterday. we'll moving forward. we're looking to enforcement capability. treatment capability. three sets hearings culminating into number of pieces of legislation that move across the house floor by memorial day. stuart: congressman, greg walden, great pleasure to have you on the show. tackling extraordinarily difficult problem. >> thank you. stuart: big hour for you on "varney & company." russia's president -- >> thank you. stuart: he has a new cruise missile that is quote, invincible. it has a nuke and it can reach anywhere in the world. we're on that one. president trump forcing the issue on gun control. he wants something done. we've never seen this kind of thing before. brian kilmeade later this hour on that extraordinary meeting in the white house. heavyweight champion of the world, do you know his name. diante wilder.

he and his belt will be here on the set. we talk to him about competition from mma. you're watching the second hour of varney and company.

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that quote, no other country possesses. he says the new missile will be difficult to intercept. john bolton, former ambassador to the united nations joins us now. it is a belligerent, militaristic, nationalistic speech, and i thought it was aimed right at us, right? >> a lot of what he talked about we have known or suspected before. there is official confirmation of what they're up to. i think what is significant that he blames the new cruise missile, effort to defeat american defenses. the missile defense system for the country that george w. bush proposed, really overly ever designed to deal with a handful of missiles from iran and north korea. this is just more propoganda from vladmir putin and i think it shows he does have a very imperialistic view of russia's influence in the world. he is trying to expand in eastern europe and middle east,

once again making russia a great power. stuart: no way, they're not working with us on anything. they're diametrically opposed to the united states. that is why i think if you look at clash of american and russian interests around the world, not just their interference in our election, but that is part of it. i think president has a more robust policy in some areas, but not in others. i think, if you look strategically what putin and russians are trying to do, it requires a comprehensive and strategic american response. stuart: do you believe that they have a missile that can go anywhere in the world and evade our missile defense systems? >> i think they're working on it. i don't think they're there yet. as i say, nothing, that concept is nothing new. we're working on something similar, our missile defense system is intended to take out ballistic missiles where as cruise missiles fly over the surface of land and water and pop up right above their target. that pose as different problem. it is not impossible to solve it. but we have not focused on it so far. stuart: heed tomorrowized on

program yesterday, saying president obama's foreign policy was absolute disaster now it is president trump has to mop up on everything? >> i don't see where you're going wrong. the due bills are coming due. bill from u.n. weapons inspectors, chemical precursors and north korea are very important story. not because of all violation of sanction in north korea. what it shows for the future in for the yee gets nuclear weapons, just as 10 years ago getting nuclear reactor in syria. they're selling chemical weapons components f they get nuclear weapons, the bizarre is open. that is why it is so important to prevent it from happening. stuart: they could sell a nuke to other rogue states. >> no question about it or to a terrorist group. only thing they require is hard currency. they sell it to iran. in part the debate over the nuclear deal, obama's disaster

nuclear deal is overtaken by events. iran buys technology from north korea. unless i suspect they're working very carefully with north korea on it already. stuart: why do you think, president obama, carried out those foreign policy policies? why did he do that? >> his view of the world, america is too strong, too powerful, too successful, too pushy, only if we withdrew from the world, the world would be more peaceful and secure place. we were -- stuart: do you think he really briefed that? >> because he looks at our military capability. he looks at our unsavory allies like israel, always pushing people around. the irony is, obama policies in some were isolationist. it is not trump who is the isolationist. it is this idea by lessening america's presence in the world we enhance international peace and security. flatly wrong. the world is much more unstable place than it was before obama became president. stuart: really is. mr. ambassador thanks for joining us. >> appreciate it.

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stuart: better take a look at wendy's, thing -- the stock is $16 a share. doesn't have far to go. 80 cents. you're there. that was good forecast.

overstock.com being investigated by sec over plan to get into cryptocurrencies, down it goes. 6%. president trump hinted at his agenda with a morning tweet. here is that tweet. our steel and aluminum industries, many others have been decimated by decades of unfair trade and bad policy with countries from around the world. we must not let our companies, countries, workers being taken advantage of any longer. we need free, fair, smart, trade. buy ben brenburg is with us. europeans said they will take counter measures if we stop a tax on steel and aluminum. they will do same thing over there. you don't like night i don't like it consumers got a win with tax reforms. they have more money in their pockets to spend on more things. tariffs will raise prices.

stuart: not much. not much. >> you're talking about nancy pelosi. crumbs. stuart: careful. >> works both way, right? you can't talk about the price increases as mere crumbs for the american consumer. they're getting money in their pockets. they want to spend it on lower priced things. not higher priced things. stuart: president trump wants to reengineer these huge trade agreements. he says look, in the past, they worked well for big companies but not well for americans. he wants to restructure. i see this as opening salvo, his opening negotiating position. take that you people. here is what i'm going to do? >> i just get nervous about what kind of effects that has on consumers. president should be nervous about how that affects republicans. stuart: get out of here. >> i'm not getting out of here. stuart: wasn't yesterday we reported that consumer confidence at all-time high? a generational high. liz: dot-com era levels. stuart: you think we slap a little tariff on some steel --

>> 25% on steel? 10% on aluminum? that is not little. stuart: that will destroy consumer confidence? >> i think it will hurt consumer confidence. they're already worried about inflation, stuart. we've been talking about inflation for weeks. what it has done to the stock market. liz: inflanks nonexistent for eight years. >> if it becomes consistent that becomes a problem. stuart: i said you are staying for the next block. stay right there, son. kroger, joining walmart and dick sporting goods not selling guns to anyone under 21. they are taking matters in their own hands. we're on it. white house turmoil, trump confidant hope hicks out as president spars publicly with his attorney general, however all of this turmoil doesn't seem to be getting in the way of getting trump's agenda done. nick johnson, axios guy, next. you know what they say about the early bird...

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♪ stuart: i'm talking over the top of the beatles. that is shameful thing. liz: heresy. stuart: good day sunshine, yes it is. we were down 100. now we're up 50. jerome powell, new fed chair, just told the senate he doesn't see wage inflation as a serious problem. don't worry, folks, we'll not torture you with another series of jerome powell hearings, we won't do that to you, we won't do it. suffice it to say he has turned the market around, we're up 60, 25,091. big tech names have they turned around? some of them. facebook up a fraction.

microsoft is down a you can. alphabet, panel both higher. we're getting sales numbers from the big automakers. not good. ford sales down 6.8%. year-over-year. gm down 6.9%, year-over-year. fiat chrysler down 14%, year-over-year. all three stocks, down. to the white house, attorney general jeff sessions fired back at president trump after the president had called him disgraceful. it is very public dispute. hope hicks, the white house communications director, out. jared kushner's intelligence clearance, downgraded. come on in, nick johnson, axios editor-in-chief. we want to talk about turmoil in the white house. >> yes. stuart: nick, i don't expect it to stop. that is the way things operate these days but you know, it is not having an effect on the president getting things done. is it? >> that is something interesting to keep an eye on.

a lot on the agenda have been checked off. there was big tax bill earlier in the year. got a deal on budget. as far as the agenda the thing i you mentioned a couple minutes ago, possible steel tariffs, we started to report this out. sense from people who should know what is coming they don't know what is coming. will there be announcement today on these kind of tariffs? how much will it be? will it be tomorrow? that is what we're looking at, is the internal turmoil affecting these kind of rollouts. as part of whiled -- wild wars in the white house. gary cohn. stuart: there is split, gary cohn on one side, does not want any kind of tariffs on steel or aluminum. some people in the white house do want that however. do you think that is getting in the way of trade policy? >> i think that has been getting in the way since day one. we've been writing since inauguration day the battle

between globalists and nationalists. stuart: is there chaos in the white house getting in way of anything else coming down the pike? >> let's talk about the gun control issue. remember that extraordinary meeting when president trump cited with democrats. dianne feinstein clapping when he was talking. we went to the hill after the meeting house republicans are bewildered. senate republicans we don't really know what is coming out of here. some said maybe he didn't mean that a lot of things that president trump advocated in the meeting are not things house republicans or senate republicans would go for at all. the. stuart: that is true. the president is nod ideologue. he not right-wing or left-wing. he is a business guy that wants to get something done. that meeting in the white house broke all n.o.w. ground. it was civil, open debate. i have not heard gun control debated like that before. >> right. that is true. a lot of people in the trump administration thought that was great public view of the president. remember the house and senate are controlled by the president's nominal allies,

republicans and house republicans do not want any of those things that president trump talked about in that meeting. the real question, is working methodically to get them on board, if they hear about it on cable news, far less likely to jump on board. stuart: he is working publicly. >> yes. stuart: he is right out there in public. >> remember that deal he announced cutting with chuck and nancy. if he tries more things than that, that may put republicans in a box. they have to work. stuart: we shall see. you make your living out of this. >> never a dull moment. stuart: sir, welcome to the show. great to have you with us. see you real soon. >> always fun. stuart: walmart, kroger, they will stop selling guns to people under age of 21. this is aftermath of florida school shooting. nationwide debate on gun control. brian benburg is with us now. i have to tell you i vigorously support the right of walmart, kroger, dick's sporting goods to run their business the way they want to run it. do you.

>> the president is businessman. doug mcmillan is businessman. he is looking at cultural wins. he is looking political winds. he see as republican president willing to do deals on gun control. we have to move in this direction. this is not sam walton's walmart anymore. this is walmart dictated much more by silicon valley than sam walton's view. they're competing with after sons of the world. that is why you're seeing shifts. stuart: brian, i can't remember any single instance in the past something actually, concrete, tangible, was done. walmart, kroger's dick's sporting good, they have done it. stuart: liz: this is corporate america saying they will act. they clearly know customers. they know what they need to be done to keep the bottom line intact. stuart: i don't want to see the boycott business get nra videos away from amazon or apple. that is intrusion of free speech. but when a public company like

walmart tries to do this. i'm with them. liz: citizens united. that was free speech of corporations. stuart: brenburg, you have to make way for kilmeade. >> better brian. stuart: brian kilmeade, host of the "brian kilmeade show." now the president held that bipartisan meeting and at that meeting the president said the nra has less power over him and he said, some of you politicians, you are petrified of the nra. you ever heard that before? >> no, i haven't. what he did already, i thought it was so smart, we all know the nra sponsored, excuse me, supported the president during the campaign. we all know what he has meant to them. vice versa. the president not personally a gun guy. the his whole family is. he appreciates the second amendment. he is uniquely positioned to make them do a couple things they will never be comfortable with to get something done. there is not a single american stuart, that believes, that donald trump wants to take your gun. there is not even, if a democrat

says i don't want to take your gun, americans for the most part don't believe it. they do believe trump. if he is going to raise the age to 21, if he is going to do something expanding background checks, if something is going to happen on that level it has got to come from a republican president. that is why joe manchin said to neil cavuto on 4:00 on other channel you watch, fox news channel, if this president was president in 2013 we would have passed manchin-toomey. president obama wasn't able to get it because he didn't get republican support. the question, will trump look at that piece of legislation, say after that talk, after all my meetings over the last three weeks, in all my study, including the nra, i'm going to support it. can he shake up and get six more votes, or 10 votes from republicans? stuart: i say yes. i say something is going it happen this time around. i think it will? >> i do too. if it isn't, stuart, that is we'll not be interested in meetings anymore. if they're disinteresting now, if it produces results.

stuart: adjustablable stuff. not con expressional debate, sterile in the extreme. it was a civil debate. i have not seen that before on guns. i loved it. i was glued. i watched it. hold on a second, brian, i'm running out of time, i want to get to tiger woods, his recent play, his quality, it has golf fans lining up. tickets to the masters, the price is skyrocketed. a single day ticket costs 20% more than last year. it has to do with tiger woods and his current form. i would love to see him make a comeback, would you? >> i am. a lot of his detractors, he has been going through so much, so long, the people that came out against him 10 years ago because of problems he had in his personal life, they watched his game slowly fall apart, those people are in single digits now. when you have the people beating him, saying how much they look up to him, makes it, brings everyone together.

i remember when he was can taken of the american team, he came over and won everybody over by offering input an insight. he now can practice. his back holds up. he can play, after playing 18 holes he can go practice. yesterday he got his first 69 last week. he will play, playing all the weeks in a row. i think it is great for the support. remind me of boxing. when ali came back, more interest before he did, going back to jim jeffries, came out of retirement, eating jim johnson, people love comeback stories. they would love to see this. if in the last day you see this, tiger is in the hunt for a championship, america will stop and watch. stuart: brian, i have 10 seconds, can you name the current champion heavyweight of the world boxer? >> sadly, no. stuart: let's not spoil it. his name is deontay wilder, he is on the show in about ten minutes. okay? there you have it. back in my day, everybody knew the name of the heavyweight champion of the world.

today nobody knows that name but he is going to be on the show. kilmeade, your time is up. how about that? >> say hello it your panel. they seem very nice. you never let me talk to them. stuart: of course. it is "varney & company," did you know that. >> it would have been nice. stuart: got to move move on, brian. hurricane harvey barreled into texas destroyed, or september, destroyed more cars than any single event in american history. liz: this is called a mass extinction event for vehicles in houston. stuart: how many? liz: talking a million plus, millions of cars. billions of dollars worth of vehicles. watch what is going on here. you will see right there, what is being called a grave yard of vehicles, rolls-royces, teslas, basically in qassem irterris in houston. watch what happened. hurricane harvey barreled in. people got distracted by may

weather mcgregor fight. the flood is coming. our cars are out there. you know what is really key, we'll buy one of these cars. take it off your hand for $100. watch it, you have to get it inspected first. that engine could be damaged. if the car is on during the flooding, the car is wrecked there is no chance to salvage it. if it is turned off there is chance to salvage it. a few tips. stuart: thanks, lizzie. paul ryan's news conference. we'll not torture you with it, unless he starts talking about gun control. we might run a bit of it. we'll bring it to you. first undefeated heavyweight boxing champ, deontay wilder, a big fight this weekend and he is here. how he plans to take on luis ortiz. ♪ with expedia one click gives you access to

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♪ liz: last hour senator john kennedy said he is not scared of the nra but he reveals what he is really afraid of. let's watch. >> i am scared of public officials, for example, like, former attorney general eric

holder. if general holder had that power, he would confiscate guns and give people due process later. look, some of my colleagues around here, mostly on the democratic side, i mean, no disrespect, they, their copy of the bill of rights goes from one to three, and skips the second amendment. they take favorably about other countries, like u.k., that ban guns as if it's a good thing. so, you know, my attitude, if you think it is such a good thing, carry your happy ass there. in the eastern united states supported by innovative packaging that extends the shelf life of foods and infrastructure upgrades that help us share our produce with the world. all across new york state, we're building the new new york. to grow your business with us in new york state,

visit esd.ny.gov searching for answers may feel overwhelming. so start your search with our teams of specialists at cancer treatment centers of america. the evolution of cancer care is here. learn more at cancercenter.com/experts we're all under one roof now. congratulations. thank you. how many kids? my two. his three. along with two dogs and jake, our new parrot. that is quite the family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now

and as your needs change from td ameritrade investment management. stuart: rain, what you're looking at is a record low for the stock price of barnes & noble. they reported weak holiday sales, and that is no-no. the stock is down 1%. that is $4 a share on barnes & noble. when you think of heavyweight boxing i don't know about i think of certainly mike tyson and certainly muhammad ali and many others. here is question for you, do you know the name of the world heavyweight boxing champion? do you know the person's name right now who is the champion? i bet you don't know. i'm going to tell you. i found out because he is sitting next to me. his name is deontay wilder. he is with us along with bret yarmar, brooklyn sports entertainment ceo. deontay, how are you doing? >> i'm doing good. how about yourself?

stuart: i'm sitting next to you. you're fighting this weekend. >> this weekend on barclays center and showtime. stuart: you want me to buy a ticket on showtime, pay you money, is that what you want? yes. wait a second, now you're fighting luis ortiz. >> correct. stuart: what is his nickname? >> king kong. stuart: really? >> actually in new york, buys into the movies. we all know what happened to king kong in new york. stuart: you're making a prediction here? >> there you go. stuart: is this trash talk in advance of the fight, talking the guy down. >> most definitely. it's a big part of the sport. stuart: what happened, let me ask you this to you, bret, a lot of our viewers do not know the name of this man, world heavyweight boxing champion. what happened? >> well i think, over time the sport lost its luster. over last couple years it is on its way back, when i think about the sports landscape in general, boxing one of those growth sports that american sports fans

need to take notice of. great personalities. great athletes. the audience is getting younger. very multicultural in general? is boxing on the rise. people are taking notice. this saturday night at barclays center, is big night on show time. heavyweight championship of the world. i'm glad to be a part of it. most importantly showcasing great people and personalities like deontay. stuart: now the last time there was a major fight, it was not professional boxing, it was either mma or it was, whatever the nail of the other one is, i can't remember, ufc? right, ultimate fighting. so, stop laughing. but you get the point? >> yes. stuart: these guys have kind of taken over your world. >> i disagree with that. you know, i think boxing is well alive. it is one of the oldest come back sports around. we're only getting better and better each and every year. stuart: what i honestly like

about it, there are civilized rules. it is not a free-for-all. it is not as brutal as i see in other aspects of public fighting. you got rules in your game. and you look pretty good, i got to say. doesn't look like anybody really laid much of a glove on you. >> there are definitely rules to poxing. i like to abide by the boxing bible, hit and not be hit. stuart: who is the greatest fighter of all time other than yourself. >> muhammad ali in my opinion. what he done on the inside of the ring and what he did on the outside of the ring. how the people captivate to him and capture him like he did, it was tremendous, you know. stuart: when i was a kid, it was a long timing ago, 1950s, in britain, there used to be a show on television, called great fight in america. it was on every saturday morning. my dad and i would watch. we would watch religiously. rocky marciano, would perform in those days. do you think we'll get back to

the point, bret, where youngsters watch with their dad professional boxing again? >> absolutely. i can speak from experience. i have a 13-year-old son who couple years ago wasn't a boxing fan but now through social media, so many fighters today are very active on social media, specifically deontay, they're building their brands through social media. they're reaching into younger audience. i think that day has arrived, watch with my kids, great event on saturday night. spokes about mma earlier. what i think boxing does, others don't, there is artistry to the sport, there really is. ticket sales for saturday night are very robust, have a sellout crowd for brooklyn. people gravitating to it. stuart: if he wins, does he get 50 million? >> when i win. stuart: deathly silence. >> when i win, never if. stuart: if you win, do you 50 million. >> when i win. stuart: you will not answer the

question? >> i get 50 million? in my mind yes. stuart: it was pleasure. deon say, thank you very much for being with us. >> thank you so much. stuart: moving completely in a different direction, talking about google's self-driving unit, w waymo. doesn't want you to be afraid getting into a driveless card. they released a new ad campaign using 360-degree video educating public about self-driving cars. you can watch it on the your vr headset. waymo drove a million miles in the last three months. we thought you would want to know. more ahead after this. ♪ so, from the two trucks over here... i want you to pick a new truck for your mom or dad, knowing that they could possibly pass it down to you one day.

cool. but before you decide, you should know that chevy silverado's are the most dependable, longest lasting full-size pickups on the road. which means that ford f-150s are not. (laughs) which truck would you pick? the chevy. the chevy. the chevy. there you go. boom. that was obvious. plus it looks cooler. no doubt about it. now they know what to get me. (laughs)

stuart: facebook, facing its critticks at a summit in d.c. today. executives trying to navigate how to ease users privacy and safety concerns. hillary vaughn in d.c. at the newseum. what have you got hillary? reporter: people from 35 different countries, 100 different organizations to talk

online safety today. we heard from joel kaplan, the zuckerberg's mission in 2018 is to fix facebook. a lot of people behave badly on the platform, they need to fix that. a lot of hot topics, child safety online, the company faces criticism over messenger app that targets kids under 13 years of age. david ginsberg, defend the a.m., safe for kids to connect ott line, they will use other messenger platforms that don't have much parental control. it's a safe place for them. social networks and facing criticism over addictive technologies. we heard kaplan say he is open to regulation in terms of the helping the platform cut down on illegal content. they're here in d.c. to work with congress on that. stuart: stuart. stuart: it is the addictive stuff that worries me. hillary, great to see you again. dow industrials we're up all day

long. we're down, but not much. i will call that dead flat. we will be back? how did edward jones come to manage a trillion dollars in assets under care? jay. sarah. so i have a few thoughts on that early retirement... by focusing our mind on whatever's on yours.

stuart: the democrats are having a tough time dealing with the trump tax cuts. and now they're going to have a tough time dealing with guns. taxes first. they hate 'em. they hate the tax cuts, i should say. democrats hate the tax cuts, and they want voters to hate them too. but voters don't hate 'em. in fact, they're getting to like 'em. the democrat dilemma is very apparent in indiana. that's a trump state, but its liberal senator, joe donnelly, is up for re-election in november. the people of indiana are seeing bigger paychecks and new jobs thanks to the tax cuts. donnelly's response? we're going to send your children the bill. they will pay repeatedly with interest year after year, much of it going to the chinese and others. oh, dear. never mind that it was the democrats under obama who added

$10 trillion to the debt in eight years. nancy pelosi really stepped in it with the armageddon and crumbs comments. the opinion polls shifted to a much more positive view. consumer confidence and a generational high, the millennials discover prosperity. all right, now to guns. the president has taken over debate. he pressed lawmakers on both sides to get something done. politics be damned. he's a prague pragmatist. the president can see that the country is at a turning point. the people want something done, and he's the one to do it. if he gets something done on gun control as well as he turns that issue into a win for him in the party many november. in november. the third hour of or "varney & company" is about to begin. ♪ ♪ stuart: well, you heard my take on the democrats there, the dilemma especially on tax cuts

as they head towards the midterms. i want to bring in fox news contributor karl rove. do i have a point? because i don't think the democrats have got a message on taxes yet. >> well, you've got several points there, and the biggest one is they don't have a message on anything except resistance. they're beginning to understand this. smart democrats have begun talking around washington and in campaign circles about the fact that the democrats don't seem to stand for anything except blind obstructionism, and that may be be insufficient in both swing districts, congressional districts and in states that voted for donald trump like indiana. so let's take each one of them though. tax cuts. the republicans are winning this debate. they will only win it between now and november, however, if they continue to emphasize the issue and don't get distracted with side issues like we have in the last 24 hours with the attack, with the president's attack on his own attorney general and all the hubbub about a white house departure. stuart: let me turn to guns for

a second. the president wants congress to come up with a bill that does something and that he can sign. if they don't come up with something, the republicans will probably get the blame, and that could be a big issue for the democrats in november. or am i misreading america's politics these days? >> no, i think they need to get something done whether it's some of the things that the president talked about yesterday or not. i don't think there's a great deal of appetite for removing due process and removing weapons from people. so that ain't gonna happen. but can -- do the republicans need to get something done in response to parkland? yes. to they have some options in this regard? absolutely. the best option is this bipartisan bill sponsored by john cornyn and chris murphy, democrat of connecticut, to fix all the holes in the national gun registry, in the national crime registry. and if they get this done and if other things happen in states like florida where a republican governor and a republican

legislature are going to take steps, then this issue will be to the benefit of the republicans. if they don't, it's going to work, as you say, to not only the disadvantage of the republicans, but also to the president. the president had a high profile meeting yesterday, well received. would have received more attention had it not have been on the day that it was with all the kerfuffle about sessions and hope hicks. but it also put the president strongly on the side of having to get something done. so his fate and the republicans' fate are tied to some degree in getting some positive steps done, and republicans, the republican whip in the senate, john cornyn, is leading that fight on an important bill which would go a long way to satisfying that issue. stuart: i think for the first time in a long time we are going to get something done. i do believe that. karl rove, thanks for joining us, sir. >> one bit of bad news, i've just checked the lines in vegas, and you're not doing too well against dante. you're a scrappy fighter, but he's got the reach on you.

i'm not going saturday for the prelims. stuart: i'm not touching that, and that's a fact. thank you, sir. just talk a look at overstock.com, down 7%. they became a kind of block chain company a few months ago. now the s is ec is investigating -- the sec is investigating overtock's cryptocurrency's business. gary kaltbaum's with us, he's had a lot to say about bitcoin and cryptocurrencies. you've seen what's happening with overstock.com, you've seen the downside move, you've seen the sec investigations. are you prepared to say that the bitcoin, the cryptocurrency phase is done, gone? is it? >> no. it's going to play out over, i think, a decent period of time. but a few things have happened that have actually, tigers ate their young. there's over 1600 coins now, and more and more keep coming out

every day, diluting each other. and then you have a ton of chicanery that's been going on. you've had hacks where 3 and $400 million were lost, you've had fraud, and we've talked about it a lot, fruit juice companies and cigar companies changing their name and stocks going up tenfold. the good news is they're back down 80% where they should be. so actually the business is actually hurting themself, and i must tell you, i applaud the sec for getting in front of this. they have warned companies from changing their name from fruit juice companies to coin and block chain, and now they're going after other things, and it's good to see. i like when regulators do their jobs. stuart: okay. i want to talk to you about the overall stock market. february, rotten month. well, now it's march the 1st. we're going into the brand new month. what do you think? are we in for better times in march? >> i am 99.9% sure we are in what is known as a big

consolidation phase after the dow went from 18,000 to 26,6 in just 15 months. and i think we'll probably be in and around these levels for at least a good couple of months from here give or take up a but percent or down a few percent. it's a normal course of business when you go too far too fast. i don't think the end of the world is at hand, but one warning shot. if we do break the lows that we with saw a couple of weeks ago, i think there's going to be bug trouble, and i think we'll head into probably the 20% range if not more. but so far so good, and the lows we saw a couple of weeks ago, i think, is going to hold from now. but it's going to be what i call a don't blink moment. you've seen it in the last four days, up 700 in two days, down 700, and just today we were down 150, up 150, down again. so it's going to be what i call a vanex moment for a lot of people. stuart: as you know, i've owned microsoft for a very long time, and i've made very good money on

it. i'm in my late 60s. should i sell any of it now? >> no. the stock is an ox. and they're actually accelerating their numbers. and i'm a big believer in relative strength. it has great relative strength versus the market. i think you keep the stock. is. stuart: thank you very much, indeed, gary kaltbaum. come back anytime you like. >> pleasure's mine. stuart: well done. just don't touch bitcoin with a 10-foot pole. jcpenney reportedly converting most of its full-time employees to part-timers. most of them will now work 25 hours. this will reduce costs since part-timers don't qualify for health benefits. nonenonetheless, the stock is dn nearly 6%, $4 a share on jcpenney. then there's walmart and kroger joining dick's sporting goods in banning the sale of guns or ammunition to anyone under 21. dick's sporting goods will also stop selling assault-style

weapons altogether. walmart's down a little, not necessarily on that news. amazon wants to add more consumer packaged goods to whole foods' shelves. remember, amazon owns whole foods. whole foods, though, does not like the idea of having to put coca-cola on its shelves. all those greenies don't drink coke. higher sales in the holiday quarter for best buy. it's closing its mobile phone stores, so what? it's increasing its dividend 32%. that stock is up 4%. long time since we had such a big move on the upside by best buy. now this, a powerful nor'easter expected to deliver high winds, floods and even snow in some areas of the northeast this weekend. it starts tonight in some parts around new york, for example. it has the potential to produce a storm surge of 3-4 feet in the ocean. on your screen that giant shield of rain from south to the great lakes, that is what is coming our way. looks bad.

airports from washington to boston are in the projected path of the storm. four airlines have already waived rebooking fees. the policies are in place for friday and saturday is when the storm's expected to be at its worst. you have been warned. now this, former attorney general loretta lynch reportedly used a fake name to conduct official department of justice business. remember, it was the obama administration which promised transparency. and this i.c.e. chief, i.c.e. as in immigration, blasting the oakland mayor. he says 800 people avoided arrest because of her warnings to illegals. now the department's looking into obstruction of justice charges. the judge, as in napolitano, coming up on that. and an unlikely pair, arnold schwarzenegger and john kasich, teaming up to reform the california gop. we have the california republican party chair next. stay with us, please, you are watching the third hour of

"varney & company." we're only just getting started. ♪ ♪

stuart: two democrat senators want to improve the technology for verifying e-pass ports. they say, look, it's impossible to tell if the passports have been tampered with because customs officials are using outdated software. i they want the whole thing fixed by the end of this year. formerrer california governor arnold. schwarzenegger and ohio governor john kasich, they're taling up to -- teaming up to reform the california republican party. joining us now is jim brulte, chairman of the california democratic party. >> blood to be here. stuart: the gop is not in great

shape in california. what chaining to the structure and -- change to the structure and policies of the republican party would you like to see that would revitalize the party in california? >> well, the problem with the california electorate as far as republicans are concerned is we're one of four minority/majority states. republican registration in california has been declining since ronald reagan was president. and, by the way, it declined through the schwarzenegger administration. so one of the things we keep doing here this california is trying to encourage our elected officials and our candidates to go into communities that historically don't vote republican and make a case as to why our policies are better. and let me just tell you the democrats have turned this state into an an abysmal mess, and that's going to become very evident over the next two or three years. stuart: what -- am i right in saying that 40 percent of the california electorate is hispanic? is it that level at this point,

40%? >> oh, yeah. there are more latinos in california than there are non-hispanic whites in california. stuart: well, then it's extremely difficult to fight that, because the hispanic vote is in lockstep with the democrats who promise them citizenship and voting rights. >> oh, yeah. republicans have always underperformed within the hispanic community in california. we underperformed when ronald reagan, underperformed democrats when ronald reagan was governor, we did it when governor schwarzenegger was governor. but we can make a case here, look, while donald trump's in washington trying to crack down on ms-13, california's turned itself into a sanctuary state. they don't mind having illegal alien felons here, but they've also let 40,000 felons out of state prison. we're experiencing the result of that now in the last two years. the crime rate's up 16%, the violent crime rate's up 16%. so our policies work, we just need more candidates to get out

of their comfort zone and go into communities that don't normally vote republican. stuart: on almost every issue, california seems to be a different country. it's not in lockstep with the rest of the country at all. >> oh, absolutely. stuart: what are you going to do -- >> well, you know -- stuart: how can you win be you've got an electorate 40% hispanic, hen knows how many greenies -- hen knows how many greenies, government worker or unions, you can't win, you can't. >> you do it by making a case. first of all, the people in the national media are going to focus on a governor's race and maybe seven congressional races, but we're going to have over 1500 elections in california between now and november. and maybe you don't get to take control of the california state senate, but you can take control of a city council or county. we've got more republican county supervisors than democrat county supervisors. there are entities of government where republicans can win, we can have conservative

governance, market-based solutions. not some of this whack a doodle stuff that jerry brown and the legislature are doing which is penalizing the people of california. if we were our own country, we'd be the fifth largest economy in the world, and yet almost one in four californians live in poverty. stuart: that's true. >> the democrats talk about income inequality, we have got the greatest income inequality in california than any other state, and the democrats are in charge. stuart: well, keep coming back to us, please, jim. we want to know of any progress you might be making to make california like the rest of us. >> well, thank you, stuart. stuart: jim, thanks very much, indeed. president trump says parts of the proposed border wall in california will not be built until the entire southern wall is approved. president trump goes to california later this month to view border wall prototypes. it's the first time he's going to visit that state since he became the president. strong performance by hostess, here's a real change in

subject. strong sales of new products such as chocolate cake twinkies. look at that stock go, twinkies work. l brands owns victoria's secret and bath and body works. it gave a down beat outlook for the year ahead, and look at that stock go down, 10% lower on the parent company of victoria's secret. lacoste making a limited edition polo shirt that replaces its iconic crocodile logo with ten endangered species including the california condor, the -- [inaudible] rhino, and the sumatran tiger. sales will go towards conservation efforts. all right. check this out, a rare sight along the great lakes. mountains of blue ice stacking up on the michigan shoreline. some piles reaching 30 feet high. this natural phenomenon occurs when parts of glaciers crystallize without a lot of sunlight. stay there, the third hour of "varney & company" continues. >> it's beautiful, isn't it? ♪ ♪

stuart: i remember promising you that we would not torture you with the powell hearings, but this is questioning from elizabeth warren, the scourge of the banking industry, so we're going to listen in. >> to remove an additional four

board members this year. i pushed the fed for real accountability on wells fargo and its board for repeatedly cheating its customers, and i was glad to see the fed take action. but i want to understand how the fed intends to enforce the consent order now that you're in charge. the fed requires wells to submit two plans for approval by early april. one on improving the effectiveness of the board and one on improving the board's risk management practices. this is not clear from the order. will the fed board of governors vote on whether to accept these plans? >> so we have, we have delegated that approval to, i believe, to the head of supervision. but, of course -- >> to staff. >> but that will take place, i assure you that will take place in serious consultation with the board. >> consultation, but the board is not going to vote on this? >> that's not the plan. >> well, you know, i don't understand this.

the fed has issued a major, unprecedented consent order against one of the biggest banks in the world, and the fed board -- the people who are actually appointed by the president and confirmed by the senate -- aren't going to vote on whether the order is actually being followed? >> well, of course, we did vote unanimously -- >> no. it's whether or not the order is actually being followed. because that's the big question here. in my view, staff is not good enough, chairman powell. fed board members are supposed to make the big decisions, and fed board members are supposed to be accountable for these decisions. will you consider requiring a vote of the fed board before these plans are approved. >> yes. >> good. thank you. i appreciate it. the next step is that an independent third party must review wells' implementation of these plans by the end of september. will you commit to making that

independent review public, redacting any confidential supervisory information that's necessary? uh-uh think the public deserves -- i think the public deserves a chance to understand how wells is working to fix the mistakes that it has committed. >> i cannot make that commitment to you without discussing it with my colleagues and with staff who are implementing this thing. >> will you -- can. >> i will look into it, yes. >> will you look into it, will you urge your colleagues to consider making this public? >> if it can be made public -- >> i'm fine about redacting confidential supervisory information. but my view here is that the american public, given all that wells has done, the american public has a right to see it. and all of those wells customers who were cheated have a right to see whether or not wells is actually following through on its promises. you can see why some people might have, might lack a little confidence in that? >> right. so we will, i will look at that, and if there's a way to do it that's faithful to our

obligations and our practices, then -- >> thank you. good. and then lastly, the consent order say that is the growth restriction remains in effect until wells fargo, quote, adopts and implements the plans that were approved by the fed. so i want to be really clear on. to lift the growth restriction, the fed needs to see that the plans have been fully implemented, right? it's not enough that wells has taken some preliminary steps toward implementing the plans. is that right? >> no, i don't think that is right. i think the thought was that once they've -- we've approved the plans and we begin to implement them, we see them on track, the growth restriction could be addressed. we would then be prepared to look at it. >> i'm actually -- then tell me how much progress along that line is enough to remove the growth restriction. >> well, i think, again, we'll have to be happy with the plan itself. we'll have to be assured that

the company has made these really significant measures and suffered a, you know, a significant period of growth cap. and, you know, we will not lightly lift it, but i think that's our understanding of how -- >> well, the growth restriction is your really big stick here. and i hope that you won't consider lifting it just because wells makes some marginal progress. wells should fix its problems before it is permitted to grow any bigger. the consent order sent a powerful message to big banks that there could be real consequences including consequences for senior officials if they break the law. but that message will be lost if the fed does not enforce the order strictly and show the public and the banking industry that they mean business. thank you. thank you, mr. chairman. >> senator till tillis. stuart: we thought we'd bring you some fireworkings, and we

got 'em. that was the fed chair, jerome powell, being questioned vigorously by elizabeth warren who absolutely detests wells fargo and made that very career in the last -- very clear in the last five minutes of questioning. we're down 18 points on the dow, 25,000 is where we are. it is the first day of march, yes, it is. what's in store for the markets? well, we shall see, will we not? now this, our next guest wrote a piece saying the president proved himself as a conservative at the cpac conference last week. but the president's position on gun control yesterday, looks to me like a total about-face. i think dan henninger is going to say that, are you going to say that? >> my requested. >> of trump -- my idea of trump as a conservative had to do with his commitments as he said at the cpac conference, there was a question during the campaign what did he believe in, what did he stand for. he said i think i've proven that i am a conservative. i think he has proven that. the appointments of the

judgements starting with -- judges starting with neil gorsuch and the tax cuts and the deregulation. and i focused on the deregulation, stuart, as we have on this program. the amount of deregulation that has occurred in one year across a broad swath of energies, tax, energy, finance, labor law, consumer law, it's just extraordinary. i think he went much deeper than any of his primary opponents would have done on deregulation. backing out of the climate change, denouncing it, opening drilling virtually on all offshore areas of the united states. that was very radical. and in that sense is, i think trump is a radical conservative. as to the guns -- stuart: yeah, that's totally different. >> what else did he announce this week? he's running for re-election. and this is -- now, he says i'm not a politician. he is a politician. he sees which way wind is blowing on guns, and it is blowing against the nra right now. and i think trump has decided if

there's an opportunity here for me to appeal to independent voters, to women voters, suburban voters, here it is. stuart: that's fascinating, because i'd always thought, look, this man is not an idealogue. he's not a politician. he's a businessman. his interest is in getting something done. >> yeah, exactly. and that's why i said in this piece he's a total private sector guy. all he's interested in is employment, work and jobs. and what he's talking about on guns and gun legislation shows how ab tracted trump really -- abstracted trump really is from the political process. he's just saying get it done, guys, let's have a bill, put it on my desk. you go up to capitol hill and encounter political reality, and you don't just, quote, get it done. stuart: but that's what he set congress to do. and if congress can't do it, he's not taking the blame. he's in the right place at the right time. and is he's saying what people are saying, we want something done. >> yeah. he's putting the monkey on

congress' back, for sure. stuart: he is. >> and that bill is going to go into the house, and there's going to be opposition to it in the house, and if you get something too severe in the senate, a lot of those moderate democrats running from states like north dakota, indiana and west virginia, they will have some problem with the severe restriction on guns in any piece of legislation. stuart: i've not seen -- >> that's the reality. stuart: you're right, but i've not seen a debate like that on guns anywhere for a generation. >> he's got everyone talking about it, and that's a good thing. stuart: absolutely, it's a good thing. first time ever. dan, thanks very much, indeed. appreciate it. next case, the justice department may bring obstruction of justice charges gwen the mayor of -- against the mayor of oakland. the head of i.c.e. says about 800 people avoided arrest after the mayor of oakland warned the public that the immigration sweep was coming. judge napolitano is here. [laughter] stop laughing.

i mean -- >> well, i'm only chuckling because you like to throw these difficult ones -- stuart: that's not difficult. >> -- in my direction. it is difficult because the obstruction of justice charge is a catch-all. it can only be used when there is not a specific statute that applies. here there is a specific statute which applies which prohibits harboring a fugitive from justice or or harboring an alien. now, it does not prohibit speaking to or warning the alien. it prohibits harboring. so i don't believe she is a candidate for prosecution. having said that, i believe that her behavior was reckless, irresponsible and dangerous for the federal agents who have to find these people. stuart: look, it may not suit the minutiae of the law and the way the law is written, but there's no question that if you tell people, watch out, the immigration guys are coming, you criminals, go hide, get out of the way, don't answer the door, that is obstruction of justice. >> it is noting obstruction of

justice because it requires that there be a pending proceeding against these people. there aren't even warrants for these people. the government has every right to arrest them, but it hasn't gone to a judge and gotten a warrant, there is no judge sitting and waiting. look, if i tackle somebody as they're going into the courthouse and about to testify, that's obstruction of justice. i have prevented a witness from attending a pending judicial proceeding. but if i tackle this person and there is no pending judicial proceeding, i can't be charged. stuart: i don't suppose you want to return to the subject of the president yesterday saying, first, take the guns and go to court later. no, we're not going to revisit that -- >> he did say something yesterday that i do agree with, and i wrote about it this morning. and that is that gun-free zones are killing zones. they are the most dangerous places on the planet. law-abiding people cannot carry guns there, and the bad people know that. the nightclub in orlando, the government office many san

bernardino and every one of these schools it was against the law to carry a gun for defensive purposes. stuart: you got your point in. now let me make my point. >> let me have it. >> no, no. former attorney general loretta lynch reportedly used a fake name to conduct official business. you can't do that. >> this is illegal. stuart: it is? >> it is. i understand why people do it. it gives them freedom of communication, but quite frankly, out avoids and evades the freedom of information act, it avoids and evades the official records act. if she types an e-mail from her government-issued iphone or desktop, she cannot avoid the legal consequences of that which are it belongs to the government, the government decides if it's permanent, the government decides if it's secret, the government decides if it's subject to freedom of information. if she types this thing under an assumed name, she's going to bypass all of that. i wonder if the president did that when he was communicating

with mrs. clinton and mrs. min. stuart: i don't have an answer. but there's a law for everything -- >> there are 4400, i dare say no single human being has read all of hem. stuart: we're not a nation of laws, we are a nation of lawyers. >> yes, and i agree with you on that. stuart: you do? >> why do we keep agreeing, mr. varney? it's because we both had colds last week. stuart: do you know what my pet peeve about america is? >> what is it. you're an american now, so be careful. stuart: lawyers. >> really? stuart: yes. the cost of lawyers to our society. the way they impose and impersonal injury our freedoms -- impersonal injury our freedoms is extraordinary. >> remember churchill? the first thing we'll do is kill all the lawyer ares. stuart: that was shock spear. of. >> it was shakespeare. one of your buddies. you mixed up shakespeare with churchill? >> i'm still recovering from a cold. stuart: pathetic.

you will not be with us tomorrow. >> i'm sure there's going to be news tomorrow. somebody will get indicted. [laughter] stuart: thank you very much. >> you're welcome. stuart: a man in michigan won the lottery three times in one day. his name is mark multz. he deserves to win. his biggest prize, more than $300,000. he purchased three scratchoff tickets at a gas station and hit the jackpot every time. he hasn't decided what he's going to do with his winnings. [laughter] what are the odds? come on, i need a mathematician. a small town near los angeles cracking down on distracted walkers. montclair, california, will start fining people $100 for looking at their phones while crossing the street. >> come on! stuart: you're approving this, dan. >> more work for lawyers. [laughter] stuart: excuse me. if you get caught a second time, it's $200. the third time, $500.

you could also get fined for talking on your phone on a crosswalk or listening to music on your headphones. >> now they've gone too far. [laughter] stuart: what did you say? want me to ask the judge about this? no, he's had his time. [laughter] quick check offing by fax releasing more information about that huge security breach, big hack. an additional 2.4 million people had their information stolen. that brings the total number hacked into 147 million people. and the stock is up 43 cents at 113. go figure. remember this from june of last year? congressman steve scalise was shot while practicing percent annual congressional charity baseball game. he's often said the two armed police officers were the ones who saved his life. now he's behind a bill that would allow those with conceal-carry permits to legally carry those firearms across state lines, and he wants it lumped in with an overall gun control bill.

the president, however, says not so fast. he shut down that idea yesterday, and congressman scalise is with us very shortly. >> kill all the lawyers -- i'm sorry. i'm all over that. stuart: but first, listen to this. lowe's says it will offer $2,500 to employees who learn a trade. that story in 90 seconds. ♪ ♪ last years' ad campaign was a success for choicehotels.com badda book. badda boom. this year, we're taking it up a notch. so in this commercial we see two travelers at a comfort inn with a glow around them, so people watching will be like, "wow, maybe i'll glow too if i book direct at choicehotels.com". who glows? just say, badda book. badda boom. nobody glows.

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>> i'm nicole petallides with yourx business brief. lowe's coming up with a plan to bring some skills to its workers. you can see the stock is down today, actually had a tough quarter for sales and earnings. but the big picture is that lowe's is offering $2,500 to its employees who want to learn a skilled trade. this is a pilot program that they're going to establish across the united states. if you'd like to learn a skilled trade such as being an electrician or a plumber, these are some of the ideas that would be in this apprenticeship in order too this, 6-10 month program, you get $2,500 towards it. lowe's said the folks will not be forced to stay with lowe's at the end, but the idea behind it in order to build up skills that are needed going forward for

their skilled workers. ♪ ♪

stuart: spotify, got it, they're going - they're going to file to go public. it is the world's largest music steaming service, okay? it's got 70 million paid users worldwide. it's a big competitor to apple music. by the way, spotify lost about $1.5 billion last year.

watch this, lawmakers produced a video to explain how a bill becomes a law with a little help from the fresh prince of bel air. roll tape. ♪ ♪ now this is a story all about how -- >> our bills get flipped into a law. >> i'd like to take a minute and just sit right there. >> i'll tell you how a bill becomes law. ♪ ♪ >> if a -- >> in the law book is where they spend moat of their days. >> drafting out, relaxing all cool -- >> and introducing bills inside of house chambers. >> more than a couple of guys -- stuart: cringe worthy? ever so slightly? >> annoying. sorry. stuart: well, the video has tens of thousands of views since it was tweeted out yesterday. >> sorry. hashtag annoying. [laughter] stuart: not bad. all right, look at this video from st. petersburg, russia. you can see multicolored beams

of light in the sky is. scientists call them light pillars appearing when subtle, moonlight or streetlights are falling on ice crystals. that is fantastic. >> that is great. stuart: i'd go to st. petersburg to see that. that's something else. a pothole near detroit so big a police officer was able to stand knee deep inside it. that's officer david clark. he's 6-5, by the way. standing in the pothole. >> oh, my god. stuart: rome, italy, getting hit with a rare snowfall. they only got a few inches, but that was enough to close schools and cripple mass transit. the army mobilized to help cover snow-covered streets. >> i see an inch there and they shut the schools down? stuart: well, it's rome, isn't it? there's the coliseum. one of the notorious b.i.g.'s mug shots up for auction.

a jail guard asked biggie for an autograph for his sister after an arrest, which he happily obliged. the starting bid, $36,000. yeah. bmw used by tupac shakur on the night he was shot also up for auction. it could fetch $1.5 million. the black 1996 7 series, fully restored except for one bullet hole on the passenger side. and we have this for you too. president trump holding a meeting right now on school safety. students, parents, law enforcement affected by gun-related violence, they're all there including florida attorney general pam bondi and andrew park, impassioned father who lost his daughter in park lan. unfortunately -- parkland. unfortunately, no cameras this time. we'll bring you any headlines. and, by the way, steve scalise is next. for the first time. trying something new can be exciting. empowering. downright exhilarating. see for yourself

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stuart: president trump says congressional republicans are petrified of the nra. he went and did more than that, he called out house majority whip steve scalise for proposing an extension of conceal-carry rules. roll tape. >> you know, i'm a big fan, right? i think that maybe that bill will someday pass, but it should pass as a separate -- if you're going to put concealed-carry

between states into this bill, we're talking about a whole new ball game. and, you know, i'm with you, but let it be a separate bill. you'll never get this passed. if you add concealed-carry to this, you'll never get it passed. stuart: joining us now is congressman steve scalise, republican from california, who proposed the extension within that bill. congressman, the president wants to get something done, and you can't get something done unless you've got the votes. and he's saying very clearly you don't have the votes for an extension of concealed-carry if you put it in this bill. i think he's right. >> well, stuart, first of all, i do -- at least i'm glad that the president said he likes this idea. this is a bill that richard hudson had brought up in the house, and we included it in our bill to fix problems in some of the breakdowns with the background check system. we actually did get the vote, stuart. we passed that bill. it was a bill to fix the background check system coupled with concealed-carry reciprocity. that bill passed the house.

there's been no bill that's passed the senate, so let people take it up. stuart: yeah, but it may have passed, i don't know when it passed, but it was certainly before the florida shootings. i don't think it would pass now. the country's mood has changed. >> well, stuart, this isn't an issue about where, what happened with parkland. this actually increases safety. you have a driver's license, and if you're in new jersey, you can drive in new york or any other state with that state. a concealed-carry permit, these are some of the safest people in the country. these are people who in many cases stop crimes. what we should be focused on is solving the problems, not just doing something that actually might take away the rights of law-abiding citizens, but that actually helps prevent these shootings that we've seen and in many cases it's been breakdowns in the system. the fbi had this kid months ago. we need to do rarings to find out where that -- hearings to find out where that breakdown to you are canned. -- occurred. those are the kind of things we ought to be focusing on as well

as mental health, and the president talked about this, by the way, too yesterday. and i agree. mental health problems, we're working on. school safety, there's a bill by sheriff rutherford that he discussed yesterday that i'm a cosponsor of to strengthen these soft targets and make them hardened targets so that our schools are actually safer. let's work on solving problems. stuart: if you want to get something done, you've got to move towards the center because you need democrat votes, you need republican votes. you have got to move towards the center. >> and, stuart, or i'm not opposed to that. what i would suggest is let the senate actually go and pass something. before they just criticized what the house did because the house actually passed a bull. the legislative process says, okay, if you don't like parts of the house bill, make it better. stuart: honestly, i think those florida shootings changed the public debate. >> right. but the public wants to see something done that actually solves the problem. they don't want just -- you could drive around the block five times and you've done something, but you haven't achieved anything. let's get results.

let's focus on the problems that are -- the breakdowns in the system are what makes everybody go nuts because they're saying you could have stopped this. and let's fix those problems. stuart: okay. the president wants to end bump stocks, get rid of that. are you for it? >> the president said he's going to do it. he's going to write -- stuart: are you for it? >> this is one area where -- look, if they write it properly, i think that this is something that the atf made a decision on under the obama administration. let's go reverse that decision, and the president is actually working on doing that. quickly with an executive order. stuart: would you approve of arming teachers in classroomsesome. >> what i approve of, stuart, is letting those local states and school boards decide. i think it would be a good idea to say if a teacher wants to get a concealed-carry permit and actually go through the training, you have to go new training. we did this after september 11th, by the way. there were some pilots that said that they want to be armed on planes. the federal government set up a program that's working very well

where a pilot has to go through a training process, and if they do, they can actually carry a gun on a plane, and it's worked really well. so i think that's a model to look at. do it the right way with training and voluntarily. it should not be mandatory. teachers should not be forced to do it. the federal government shouldn't be giving guns to teachers. but if a teacher wants to help protect their school with proper training, i think that's something that the local states and local school boards should look at. stuart: the president also said something extremely contentious when referring to people who are mentally disturbed. he said take the guns first, go to court later. now, a lot of people who are second amendment people absolutely disagree with that. he absolutely cannot do that. what say you? >> i think due process is very important. and there are systems in place right now where mentally ill people can be put on a list where they are not able to purchase a gun. if it's been add jute decade9 -- add jute candidated. a lot of those people don't get

tied into the federal system. so if they're identified locally as mentally ill, a lot of times they don't even get put into the federal background check system. i think that would be a good reform that would solve some problems. stuart: big picture for a second. i'm hearing a lot of talk about automatic rifles, killing machines. we shouldn't have 'em in the hands of disturbed people or anybody else. they are killing machines. they are military-style weapons used for killing large numbers of people. there's a very strong sentiment in america today that i'm picking up, certainly from the stuff that we get coming to us here on the show, that we don't want in any longer. we want to sort of get rid of them. now, you're not going to agree with that, are you? >> well, stuart, first of all, this kid, cruz, should have never been able to buy a gun. he should have been stopped well in advance. and the systems were there, and they broke down. and so we talk about after the fact what do we do to stop what he did, killing 17 innocent

people. why don't we focus on the fact that he should not have been able to buy this gun in the first place if people did their jobs who didn't do their jobs. stuart: okay. let me finish it with this: the public wants something done. if by november nothing is done, republicans will get the blame. and that will be a big issue in the november elections. am i right? >> well, i don't look at it in a negative way, stuart. i know that there are really good ideas that we actually have agreement on. you don't hear as much about those, but things like safe schools, things like closing those loopholes and fixing the problems with the background check like what we passed in the house. and again, if there's better ways to make schools even safer, let's put those ideas on the tabling and the ones we can get agreement on, let's get them to president trump's desk. he wants action and, again, let's actually have the action that solves these problems, and there's really good ideas that both parties do agree on. let's get that done. stuart: steve scalise, i'll say

it again, it's a pleasure to have you back. >> great being with you, stuart. stuart: appreciate it. all right, we've got the dow industrials now up 38 points, that's where we are. i see some gun stocks on the screen will for a second. they're going up -- there for a second. they're going up again. that is largely because when you start talking gun control, people run out to get a gun while they can. dow industrials up 45. revenue, st. cloud software, that's software maker sales force, okay? >> yeah. stuart: have they got better revenues or something? i don't know, i don't see the stock. it's up 3%. got it. now, look at 3-d systems. they make 3-d printers. rosy forecast for the future, and the stock's up 14, nearly 15%. again, the big board, solid gain. we've been up and down all day long, i've got to say. up 55 as we speak. more "varney" after this. ♪ ♪

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only with td ameritrade. stuart: look at apple. it is at $178 per share as we speak. if you multiply number of shares outstanding, by the price, you get $906 billion, that is the market value of apple, 906 billion. lizzie, am i right in saying if it goes to $195 a share, up another 17 bucks, at that point it hit as trillion? liz: that's right. there is news breaking quickly. apple got 87% of smartphone profits that means mix of higher priced phones work. they are coming out with three new models. apple to your point, could be the first one trillion dollar company. stuart: second is google at $766 billion, and third is microsoft at $721 billion. add them up and the top three

technology companies in the united states of america are worth about $2.5 trillion. liz: multiples of russia's entire stock market. stuart: about the size of europe's economy, or pretty close. our time is up but sir, neil cavuto it is yours. neil: stuart, thank you very, very much. we're keeping track what is going on at the white house. the president is meeting with chieftans. have a difficult approach how the president deals with this steel industry and how predecessor john f. kennedy dealt with that industry. we'll get into that a little bit later on in the broadcast. it is fascinating. the president is holding a meeting on school safety. blake burman, covering all that. hey, blake. reporter: it's a moving target as it relates to potential announcement from president trump selling this one short. the commerce department came back to the president a few weeks ago, recommendations proposing potential tariffs for