down 20% to 40% in the next two years. >> they are not giving it a real timeframe. kevin, final word real quick. >> it takes three months from 10% correction. have a great weekend. we'll see you monday. "varney & company" right now. stuart: good morning to you and good morning to everyone. friday, march 9th. big day, big show. let's get right data. the jobs report are the most important indicator for the trump economy is doing very well. look at this peer 313,000 new jobs. best jobs in a very long time. dig a little deeper, retailing and construction and 800,000 people came back into the workforce. the big number for the market, wage growth and to .6% from a year ago. but still good. overall, he bought mr. reporter.

it is a trump win. stocks in for a nice rally. the dow up 160 odd points. similar gains for the s&p and nasdaq. the trump rally continues. this market are moving. obama may be doing netflix shows. news on toys "r" us, goodbye and elon musk now a trump supporter? what a show. "varney & company" is about to begin. ♪ stuart: one more time. when we do this on a friday morning about to open the stock market. the february jobs report very strong up easily into the triple digits. john layfield has made it over here and be sitting next to me in new york city.

i call that a block buster report. >> it was a terrific jobs report. 800,000 people in the labor force. the one negative with the participation rate is the most people since 1983 that have come back into the labor market. that is a huge confidence number since the 1960s. if we get to 320%, the lowest number in 50 years. stuart: 320% is a possibility? >> lowest numbers in 50 years. after the 1964 tax cut which pushed gdp over 6%. stuart: i noticed interest rates did not spike. that is a strong jobs number. though we are right to point me liz: to .89%. >> i want to give the credit to emacs because she pointed out on the brake it was because of his 6% job growth. wage growth we are not seen

which was a really good thing. and fed watchers. stuart: let me talk politics because it's a huge political dimension to a strong report >> of having a special election. it's a trump win. whether the democrats going to say to this? >> they are in a lot of trouble. they worldwide right now. the incumbents lose at the midterms. however people vote with their pocketbooks. if you have a 320% unemployment rate and job growth like we see right now, republicans walk away with this peer liz: is to resist chop movement but how do you resist growth? what are you doing here? nancy pelosi is trying to walk back that crumbs comment. what on earth is she going to

say after 300,000 new jobs in a 4.1%? >> and multiple times. john, stay there, please. want your advice and expertise. big announcement from south korea's national security adviser on north korea is denuclearization. >> president trump as soon as possible. president trump associated and said he would meet by many to achieve denuclearization. the depart. the state of japan and our many partners around the world remain fully and resolutely committed to the complete denuclearization of the korean peninsula.

stuart: president trump treated this. kim jong un talked about denuclearization, not just the three spirit also, no missile testing by north korea during this period of time. great progress being made, the sanctions will remain until an agreement. joining us, brad blakeman, former to be assistant to bush 43. i see this as a trump when, but will kim jong un keep the promises he's now made? >> we can even verify at this point because he has earned our trust and the good news is we gave up nothing. this is the meeting came once. we are not giving up on sanctions. we are not giving up on joint military exercises. nothing has changed other than kim's position. we will go in with open eyes. the president has taken came up on his offer.

this is a nixon goes to china moment. he was meeting a brutal dictator. look at the peace remained with enemies that japan and germany who killed millions of people, but they saw the light when they saw a different path. hopefully we can do that in north korea as well. stuart: the perfect situation, the perfect endgame would be denuclearization of north korea was a quid pro quo of no american troops in south korea and no nukes in south korea. is that a possibility? that will be the big, perfect mature endgame. >> it is a possibility, but it would have to be done by verification. if we withdrew our troops or even reduce our troops to a level that created i guess they comfort for not only south korea, but the region, pacific

rim as a whole. north korea has one of the largest armies in the world. so we can't retreat, but what we can do is ratify our military presence in south korea. stuart: brad, this morning we are talking about jobs reports and i am characterizing it. saying that is a trump win. let me apply.to north korea. do you think we would be in this position vis-à-vis kim jong un if it were not for president trump staking out a very hard line and sticking to it right from the get-go? >> no, we would not be at this point and no other president would've taken us there because we have a president not necessarily stuck in time. he's not beholden to a bureaucracy foggy bottom state department. he thinks outside the box. he takes people up on offers that have promised that he is a

either. he's going to use his dealmaking skills in order to do it in the best interest of america first, our allies in the region as a whole and of course what is good for the world. we have a president now who has the opportunity to do great things and we see it in the economy is a different kind of leader, but he's an effect of leader and the democrats are actually hamstrung by this. stuart: who would've thought on this friday morning we be talking about a meeting between our president and kim jong un. brad blakeman, you are all right. appreciate it. next case, it is line must do to twitter to call on the president to promote what he called a fair outcome in import duties. i am against import duties in general, they compete in an olympic race. later on, comments with this.

roll tape. >> in american car going to china. 25% import duty. we send our car over there, to 25%. based on their car over here, 2.5%. stuart: john leigh fuld, this is coming out pretty much in support of president trump. >> elon musk is doing the right thing for the right reason. reciprocal tax is the way to do it. he's done a great job on the economy. 100% against these terrorists. i'm against the terrorists. however, reciprocal tax mr. musk is talking about is the right way to do it, specifically with the tax would put on their cars. >> elon musk is also saying china is unfair when you open a

factory in china, you have to co-own it. it has to be a 52-point venture. now the administration should go good, possibly go after china in coming weeks for intellectual property. that's the name of the game when they set up 50/50. stuart: intellectual properties by china stealing our technology stocks and the big five technology companies. what are we going to do about that? they blatantly steal it. pay attention bottom right-hand corner of your screen up almost 200 points at the opening bell. toys "r" us reportedly preparing for liquidation. that means they are going now. liz: liquidation happening in the u.k. 15% of u.s. toy sales. that's how big it is paid $5000 in debt load couldn't come up for. who picks up the slack? yes this is the amazon effect pushing fullbore, but they never get their e-commerce strategy

correct. it is for all retailers in getting their e-commerce internet strategy. >> the other big toymakers down this morning. as if you're not going to buy toys anywhere but amazon and maybe wal-mart. >> it has gotten in the hands of children who follow movies. >> however, futures which will tell you where the market overall is going to open this morning. but a big smile in her face, up about 200 points for the dow industrials. i will put us back firmly above the 25,000 marks. it is a big day. it was a big jobs report. disney's chief, robert iger, the host of the view did apologize to vice president pence for insulting christians. brent bozell says what behar did

just doesn't go far enough. the opioid epidemic in kentucky. a proposal for 25% tax. that will limit the number of pills that make it into the state. coming up next.

turning to look at this. a strong jobs report this morning. her president will meet with kim jong un. investors love the carrying of stock orchestrator this friday morning. kentucky lawmakers may be the first to impose a new tax on appearance. kentucky governor, republican matt joins us right now. your critics say you're going to impose a 25 cents per dose tax on appearance. but the critics say it has very

little impact, 25 cents is nothing. and it does not address the sentinel problem and sentinel is the real killer in the opera crisis. your response, governor. >> i would agree on some measure what those critics. this is not an idea became on of our legislature. bear in mind i don't think they anticipate the fact the vast majority people are receiving these are receiving them through medicaid. i'm not sure seem us to do anything other than consider this a provider tax which is not allowed. he wouldn't result in the financial intake summer hoping for. this did pay for other programs that perhaps government doesn't have the money and shouldn't be funding. these are the things to happen during budget sessions. the sentinel problem is absolutely critical. this is a synthetic drug coming in from china. we know it to be a fact. what does comment does go with topical based on what you've been discussing on the methodological front.

there's a lot of things in hard decisions we need to make as it relates to our trade relations with china. >> the u.s. senate 25 cents per dose tax? >> no. i don't think it's a good idea. i don't think it will raise the money is good to raise. most people don't pay at the point of purchase for these drugs. this different than a tobacco tax and you have the journal direct result. that is one of the arguments for raising the tax on something like that. this is a different animal. it seemed like an obvious target. i think it was well intended or not sure it was well thought out. we've got a huge opioid problem in kentucky and america. 64,000 people overdose and died in the vast majority from opioid related drugs. last year we did have a tremendous amount of pills to spend.

359 million or 4.5 million people. 79 pills for every man, woman and child. it would seem to be a lot of low-hanging fruit, but i don't think this is the right way to go at addressing this. >> 79 pills for every adult in the great status kentucky. >> every man, woman and child in this state. it's not unique to us. stuart: i'm sorry to interrupt you, governor, visually that's the way to go. you can't keep giving.nu attacked back as opposed to a 25% tax. >> absolutely, which is what i did fight for and did sign last year, which is going into effect the fact that in kentucky we have only a three day limit on the initial prescription opioids. it is the lowest in the nation by far. people who become addicts did

become addicted after five continuous days of use and then it becomes the hockey stick of addiction. why would we prescribe more than five days anywhere in why even get to the danger zone, which is why in kentucky at the three day limit. these are the things in my estimation are way to attack the epidemic and it is an epidemic. taxing it on the back and i'm not sure such a good idea. stuart: thank you for being with us on an extremely important subject or wish -- of which you are doing something. >> thank you, sir. stuart: that is extraordinary. president obama may have a new gig. he is reportedly in talks to develop individual conflict for netflix on issues like climate change, health care immigration. we will deal with that next.

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, just like it should ♪

stuart: it's friday. we look at this. about 180 points in the dow industrials. great jobs report and our president meets kim jong un at some point. netflix and president obama reportedly talking about a deal. layfield is still with us.

this gives, if this comes to pass in the former president does the shows on immigration, health care, you name it, it will be lapped up by an audience who loves it. >> still popular in the united states. this gives him the global platform that he wants. as far as climate change, it's been dismissed because of our war. he lost the message of climate change, but you lose it because the messenger. president obama will be different. très jia said president obama remains very popular. how many people have you heard saying i wish we had president obama back in the oval office. >> no. >> i heard the working headline for this. i don't know who wants to sit at home bridge watching the teachers faculty lab lecture.

stuart: he has a discussion program on immigration about open borders. if he is a discussion program on climate change as please can we get back into the paris accords. liz: you think obama will do a crossfire type show? >> it's described as conversations. transfer he will moderate in produce. >> he was the most powerful man in the world in a silly very young person is lost as platform completely like president clinton when he was done with the white house. he was still a very young man. >> he wants to the u.n. secretary-general. >> at least you can understand he was the most important man in the world. and he doesn't have a proper many more. stuart: ladies and gentlemen, and this is a financial program and i can tell you netflix stock is up premarket. overall we are going up to netflix to sharon and i gave and

maybe also the obama news. we'll be back with the opening bell. whoooo.

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tuberculosis, lymphoma other cancers, nervous system and blood disorders and allergic reactions have occurred. tell your doctor if you've been someplace where fungal infections are common. or if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure or if you have persistent fever, bruising, bleeding or paleness. don't start enbrel if you have an infection like the flu. since enbrel, dad's back to being dad. visit enbrel.com... and use the joint damage simulator to see how your joint damage could be progressing. ask about enbrel. enbrel. fda approved for over 14 years. stuart: it's friday and it's a very, very big day for your money and also for the economy and for politics. item number one in 20 seconds, this market is going straight

up. item two, we received one hour ago a very strong jobs report. a thousand new jobs. item three, our president is going to be north korea's kim jong un. that is the backdrop to what i think is going to be a nice rally. here we go. 9:30 eastern time up and running up 119 points in the first few seconds. now up 153 points. 160 points. i will take a breather at 25,050. that's where we are in the first 15 seconds of business on wall street. show me the s&p 500. a much broader indicator of .57%. the nasdaq, where the technology stocks this morning doing very well. up nearly 50 points on the index with a gain of two thirds of 1%. all important question when you've got a strong jobs report,

strong wage growth, what happens to interest rates? barely moving. to .90%. that is a very good indicator for the stock market because interest rates are not spiking. amazon, got a look at that. yet another all-time high. $1562 per share up another 10 bucks as we speak. what a day. i need help. i need help to cover this. elizabeth mcdonald is here. jeff speicher is here and john layfield to boot. how about that. jeff, this appears to be one of those days when good news on the economy is also good news for the stock market. >> yeah, this is a beautiful number in every way. what really blew my hair back about this number was the labor participation rate are the top line was great, labor participation rate was the lanky number all of these years. but what this proves that what they should prove historically

in fact tax cuts are good for the economy. they are good for the jobs market. the small businesses that have been so decimated in the past decade or so are now hiring. this is a very optimistic number. stuart: following on from jeff's point. 806,000 people in one month came back into the workforce. that is a stunning number. >> largest since 1983. i completely agree with jeff in the market right now is really for growth. train for we have been having dreary 70s era labor force participation. that's what "the wall street journal" has set as well. coming back into the workforce, and that's optimism. the wage growth was i to .6% versus the prior month still coming in strong. 242,000 job growth. >> areas a pool of labor on which employers can draw 800,000

people. back into the labor force. i would imagine. by the way, this is the ninth anniversary of the low for the dow. back march 9th 2009. stuart: here's the this type if you go 100,000 an index fund, it would be worth about 425,000 today. stuart: 100,000 to 425,000 in nine years. so, john layfield, we have gone that pretty much unbroken for nine years. can you keep going with that? it would be the longest and strongest stock market rally in my 40 years in america, frankly in history. >> certainly. for the foreseeable future we continue to go up. what a scary right now is there's not that dark cloud on the horizon except for inflation that is making a markets are

volatile. stuart: look, we've had nine years. are we going to get some more? >> nine years, 200%. what we've had is a market that's gone up based on the five stocks that have driven 50% of the s&p gains and low interest rates. yes, the economy has improved. this job number is great. here's the problem. interest rates need to stay low. there's concern the tariff issue is a big issue if we go into a trade war and those things taking into account the market is 20% and 30% overvalued. stuart: happy friday. just great. stay right there and be quiet. tesla's chief.

teflon's -- tesla's chief elon musk compares the rules to competing in our olympic race we might choose. the stock is down this morning in an otherwise upside market. coming out partially in favor of donald trump. >> is parsing favor the president also very much in favor of his own car company in a season equity on a global market. and he sees tax that is unfair. a reciprocal tax is going to deal with it. stuart: the president said this and refer to elon musk. they tax 25% when cargoes they are. when we come here it's 2.5%. he wants to reciprocal tax restored. >> 4 million cars out of the 10 million in china. >> at the same time intellectual-property stuff going on as well. >> all the automakers are down in an otherwise upmarket and the

aluminum companies are all up again. check the big board. we've settled. i take that back. we are up 140. 25,037. individual stocks, here we go. sales down at the discounter big lots. that is bad news down 12% stock. amazon and repeating as the $1561 a share. we hit an all-time high just moments ago. home depot announced it will donate $50 million to train 20,000 people as construction workers. this is over the next decade. ray way to go, john? >> perfect way to go. amazon has become one of my best holdings. a traffic stop. home depot has been able to fido masson because you don't know which you want come you out there with a basket full of groceries because there helped there is so good.

liz: 40% of their sales to state trace people. it is veterans, soldiers, high school students. >> one of the most optimistic things about this and i don't own home depot. i do love that the company is doing. they are reaching out to veterans and veterans have been forgotten. they have not been acknowledged by reaching out in training. for the sake of home depot in the future, what they are doing is educating future buyers, which i think is brilliant. stuart: apple might release a small, more affordable home pod this year. look, i think the speaker is the most important development in the technical development. in my way out on the limb? >> here's the thing. i love the opportunity to bash apple yet again. they are home pod has been out for only a couple weeks, but now

they are coming out with this one, lowering the price drastically. apple has been late to the party. alexa owns the market. stuart: am i right thing this is an opinion because home prices prices are the most impacted? >> yes, and here is why. they become search engines. they are the most important innovation that has come out in decades. stuart: most important innovation smartphone? you might tim cook biggest detriment has been he's not innovated like steve jobs did. stuart: then we have disney shareholders voted against the chief, robert iger pay package 48 million a year and $100 million worth of stock grants. perhaps the bigger stores because during the shareholder meeting, the views starr, joys behar has apologized for recent comments by president penn's

christian faith. that looks to me like damage control. >> it's apparently got more than 30,000 angry phone calls, abc did, over those comments. joy behar spoke to the vice president on the phone. don't know if that's true. the abuses squarely in its news division. so that is another issue. stuart: that's ridiculous. that should not be a news product. it is a political product. it is a viewpoint product. all right, toys "r" us. reporting for liquidation. as having gone completely? >> we saw the liquidation mode in the u.k. the interesting statistic is 50% of u.s. toy sales are at toys "r" us. stuart: so, why are hasbro and mattel, toy makers, why are they down? >> they all compete with amazon. people went to the store. they were great stories that people left and bottom line.

stuart: amazon is at an all-time high. credit card debt hit $1 trillion. now, i'm not going to say necessarily that's bad news. an indicator they are optimistic >> here is what makes it bad news than it is bad news because savings rate are at an historic low. although we have this improving economy, when people don't take advantage of the improving economy to pay down debt to pay down money, it is too easily accessible. the low interest rate of what is going to ultimately transaction. especially in consumer credit issue. student loans are part of a consumer debt when these consumers are going to be forced to pay back some of our loans

and then they have maybe hundreds of thousands of dollars in student loans. there could be an issue. stuart: what is that song? ♪ always look on the bright side of the road ♪ liz: that was monty python by the way. >> when the economy is doing well, they should pay down debt and not be so anxious to catch the next inch of the stock market. stuart: how old are you? got a cut you short. i'm very sorry. 8:41 eastern time. thank you very much indeed. we have a monitor gated up third hundred -- say it ain't so. volkswagen discontinuing one of its most iconic cars. getting squashed and it is gone. the report from the tax

foundation is president trump terrace deals in $9 billion. the man who crunch those numbers coming up next. hello. - hi. how's it going? - alright, how ya doing? - welcome! so, this is the all-new chevy traverse. what do ya think? this looks better than 99% of the suvs out there. it's very modern... sleek. maybe the most impressive part of the all-new traverse... is what's on the inside. surprise! what are you doing here? i've missed you guys. i haven't seen you guys in so long! what's happening? we flew her out. it's a family car, we had to put your family in it! yeah, it gets 7 thumbs up!

at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. stuart: now worth 150 points. what the business this friday morning. cosco selling doomsday proper food kids. nicole, how much do they cost and how are they doing it? >> they cost between one and $6000 for your dues -- jennifer for people. if you're on a 1200 calories a day you get 1000. if you have a 2000 calories come

a better fork it over for the $6000 kit. they send it to you in very discrete packages so your neighbors don't know you're worried about the apocalypse. people may want to get this with fruits, vegetables, proteins, greens and the shelflife up to 30 years. stuart: by the way, the picture on the screen there didn't look like much. that was a picture of the package and its contents. thank you very much indeed. don't worry about your neighbors. they are worried about you. the volkswagen beetles they are numbered. >> translator: are always loved sure. is stuart: the diesels days are numbered. they are not going to replace it. stuart: the president tariffs on steel and aluminum could cost

the state $9 billion. the foundation president did those numbers. they came up with $9 billion. that presupposes that if those terrorists are applied, the cost of products made of steel and aluminum to consumers will go up. you don't know that, do you? >> while stuart, most economists agree that all of those tariffs are really taxes on the products that eventually get paid by consumers. the initial hit is on the manufacturers who import that steel and it will hit a very specific number of states are at least firms in those states. texas is going to be the biggest hit your firms will get hit by about a billion dollars with the higher costs. some of that will be moderated because the president has exempted taxes on canadian and mexican steel that will reduce the costs a little bit, but it's still a big hit on a lot of those importers.

stuart: do you think perhaps the president will not go through to the fullest extent of imposing these terrorists? because then the state would cost the state $9 billion. >> let's hope so because this is very bad policy. every economist on both sides of the ideological spectrum agree that tariffs are very bad policy. they ultimately had consumers, even though the goal here is to protect a certain industry everyone pays. the job loss is far outweighed the job benefits to steel producing industries. stuart: the real clash comes with china. there's no question china has been dumping, especially aluminum dumping it on our shores. a tariff on china exporting aluminum to america i think would be justified.

what you say? >> part of the solution should have been banding together with our european allies to put pressure on china. instead, what we are doing is applying tariffs on our allies, which seems to be the wrong way to approach this. it is discontent rather than building support to put pressure on china. stuart: scott, we hear you, scott hodge. thank you for joining us. >> thank you. stuart: the dow 30. we are all agreed except read down stocks. 27 outs, three of them are down. the dow was up 139. hhs secretary alex haggar says they are making progress fighting opioid abuse. i want to know what they are doing about deadly fentanyl from flowing into this country. dox depot is next.

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stuart: that's a solid gain. nice gain for the s&p. move to the opioid crisis as health and human services secretary alex a czar. roll the tape.

>> both from the basic opioid, from and especially from the risk of fentanyl which is so tremendous. people are dying in such a great pace. we are making progress here. we are seeing the prescribing of legal opioid that are the beginning of addiction for so many people that is going down. stuart: that's an important part in the prescription opioid drugs is going down. dr. marc siegel conducted the interview in his joining us now. moments ago on this program, the governor of kentucky was on our air. he said 79 opioid bills had been prescribed for every man, woman and child in kentucky in one year. roll tape. >> in kentucky lacerated have a tremendous amount of bills this dance. 359 million of these pills for 4.5 million people.

79 pills for every man, woman and child. stuart: that's incredible. what are doctors doing prescribing might this? >> the hhs secretary agrees with me that doc or is there at the heart of the problem but no matter how much pressure doctors have been the need to treat pain, which shows opioids don't even work the way doctors thought. despite whatever you get, and it is your pen writing a prescription. doctors are to blame. they are one of the biggest problems here in the did not salute disgrace to. he did say to me that he thinks they are making progress. he thinks the rate of prescribing is going down. he said that in a soundbite. that is now the cdc said a year ago. this is progress. azar believes president trump taking the lead on this and showing courage in fighting it head-on is going to. stuart: i agree entirely. doctors are at the heart of the problem here. what about the fentanyl problem? that is the deadly drug they mix

on the street for street drugs. what we do about that? >> he talked about that, too. we have two stop the illicit fentanyl coming outcome of 50 times more powerful than. you don't know which are getting cavities stop reading and end up in the hospital. that's a large part of the overdoses. that can be cut down. stuart: that is nothing to do with doctors. they are not describing fentanyl. >> if they are. doctors are prescribing legal fentanyl comest legal fentanyl, so that gets out there. it is for palliative care for dying cancer patients. its use across the board, one of the over prescribed drugs. that is what got it in the mind of illegal chemists. i'm not kidding. this is part of the problem. the overuse of prescription drugs this past week the study came out that shows it ends up in the medicine cabinets to prescribe drugs, opioids and people take it for what it wasn't even intended for. when they ran out of a comedy by

illegal and fentanyl. stuart: to cut to the heart of the matter. >> kids are dying. stuart: cut right to the chase it is a doctors problem. overprescription by doctors are at the very heart of this problem, yes? >> yes. i want to add hhs can put pressure with cdc using the drug enforcement agency. everyone can put pressure and restrict doctors prescribing. we have a system if i want to prescribing opioid i have to register online. that should be in every state and we move in that direction. cut down on doctors prescribing. stuart: great interview, hard-hitting stuff. president trump has reversed a virtually all of president obama's agenda than a virtually wiped it out. now, mr. obama could be taking his message to netflix. is that what america wants? my take on mac, top of the hour. here we go.

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>> now, president trump has rolled back almost all of president obama's policy initiatives. the eight obama years have been reversed in the first trump year. the elites on our pushing rushing, in fact, to defend obama's legacy. they want to keep all that he stood for right in front of you. on your screens -- "the new york times" reports that mr. obama is in advanced talks to produce shows on netflix. he wants and needs a global platform. and netflix deal would give him just that. if a deal is signed, netflix specials could be built around conversations about health care. that means government care. immigration, that means open borders. foreign policy, that means cavings to our enemies and o.c. climate change. which means surrendering our wealth on the ulta of global warming. michelle obama might handle

conversations on nutrition. mr. obama's opinions are and will be very popular overseas. and netflix know it is. former president has close ties to the techy elites apple and amazon have also been talking to him about shows on their streams services nothing wrong with this. nothing at all former president is entitled to make his opinions known. but will those opinions still fly in america? do we want government health care? do we want open borders? do we want to return to the pairs dliement agreement? do we want to raise taxes bring back regulation and back back to the good old days of low growth? i don't think so. many parts of the world would welcome an apologetic america. they would love it see barack obama as the secretary general of the united nations. he always wanted to be the president of the world. but i thinking america prefers the iconic dallasic trump. the man who is breaking with the

old way of doing things, breaking with the old view of america's place in the world. despite all of the disdain in the media for mr. trump i've not people hankering for the return of the obama years. have you? the second hour of "varney & company" is about to begin. ♪ 32 minutes into this trading session, this friday morning and we have a rally up 170 points at 25,064 check those big tech names. microsoft is one of the biggest gainers of the dow stocks all five of the big it can stock are don. apple facebook alphabet microsoft and amazon. big lots sales actually down, the stock is way down, 12% lower. don't forget about oil, we have the price this morning right there at 61 dollars a barrel it is actually pup a buck as we

speak staying on market i want to talk about the jobs report mark shorts white house of legislative affairs. mark, i'm sure you're going to say that this is a fantastic blockbuster jobs report o. go ahead and say it. >> it is a terrific report and i think that it's not just a 313,000 of february but upward revision for january and de. i know you'll know this but keep in mind we recognize government doesn't create jobs we create environment in which private sector can create jobs and we're excited about changes we have made from a regulatory perspective as well as a tax relief that's allowing private sector to take off. >> mark i don't know whether u you've seen this or not yet but for benefit of our viewers i'll tell you what's whatting here. nancy pelosi released a statement on the jobs report. here it is. february's job report shows that, while jobs continue to be created, working americans are still not getting the bigger paychecks they deserve. strong job growth means little to the workers forced to work

multiple jobs because of stagnant wages neckses case, republicans passed a debt exploding gop tax scam that hands massive wind falls to the rich and to corporations on the backs of heart hardworking amers there mark what do you ?ai >> nancy pelosi said that -- the tax package will be economic armageddon she said that it would be crumbs yet today we have 4.4 million workers across america either received a pay raise or a bonus. we have 432 companies we know of that have announced those pay raises and wage increases. i think that, nancy pelosi continues to remain u out of touch. maybe she wishes to go back to the obama years when our gdp average 1.8% no wage inflation or growth but we think thurls are perfectly in line does not soak inflation fears yet at the same time it is providing a number that is a half a percent above cpi as far as wage inflation growth. so i just think that her

perspective of -- what had economic armageddon looked like helicopters to remain out of touch. >> can i ask you about meeting between trump and kim jong-un north korea i want to go beyond news they're going to meet and ask you if end game could be as follows north korea declearized south korea no niewx in south kreag, and american troops leave. is that the kind of big picture deal which the president might have in mind? it's a good question and not too far ahead but cautious we understand the path the previous administration have had with north korea we understand his history and we understand that he's a murderous dictator but we believe it is massive pressure that we have from the community that has brought him to the table, and we're going to maintain that consistent massive pressure on him. and hopefully that this president will have a better

success in the previous and it bet on this president. >> just a moment ago we were talking request the tax foundation president he said look, we go through with tariffs on steel and aluminum it will cost states something like $9 billion. but -- do you think that maybe the president is going to moderate those tariffs even more than he has already. is excluded mexico and canada, maybe australia, maybe our military allies -- can question expect some more moderation going forward? >> i think that the president is willing to excliewt can countries that are partnering up with national security front as well as those that are providing fair and resip rei call trade in opening markets the same way we open our markets to them if so i think the short answer to your question is yes, i don't know that i consider that so much moderating but i think that reality is a lot of people said that we wouldn't get 3% gdp growth yet in the first year last three yearts of 2017th president achieved that.

they said that we would not receive this sort of bipght from the tax plan. they said that we would not get the regulatory relief we've had. so there's a lot of people who said things we can't do but looking forward to things to continue as economy continues to grow, and i think that president of economic policy will do that. >> repghting the president this friday morning, you're having a good time aren't you, mark? >> it's, you know, it's a very great -- numbers day. but a little more excited for working families across america that are beginning to see job growth and -- one other point of nancy pelosi comment is you'll know labor participation rate going back up to 63% is headed in the right direction. more people are getting back into the labor force. and wanting to get become to work. >> 806 i think it was 806,000 people in one month came back into the labor force. that's a significant number. mark short thanks so much very taking time out of a busy day. let's get back to editorial that i offered at the top of the hour it was about president obama.

former president obama, maybe doing a deal with netflix to come up with conversations about issues going forward. joining us now is fox news contributorralny and president of the independent womens voice. >> that's correct. >> i have the title right. >> you do indeed. >> congratulations. all right thank you so much. look i think if president obama does this deal, with netflix and comes up with content it will be very popular in the rest of the world but not very popular here. what do you say? >> i think people will try it out by the way we think, obviously, that more information is better. and i think that president obama former president obama reminds people of failed ideas but what this it requires is for other people and this is a nonpartisan issue we want all americans want to work. they want more money. they want better lives. they're finding out now what the difference is but up to more information we say more information it is about reminding people what the problems were in the last eight years.

and why president trump's policies are working. and democrats are experiencing that now as well. they might not want to admit but we say with reagan in second election everybody across the board acknowledged that, that the conservative ideal was what improved their lives so i think this is great idea. for netflix and share hold rs no doubt it will do well overseas. here in america we'll see. wrong it is beginning to be a gigantic hit but again for a subscription service it is a different standard that what it is for a broadcast network relying on day-to-day ratings. >> lizzy what was that one linerrer that you came u with in the first hour of the show? >> i might have been a little bit tough. [laughter] excuse me. [laughter] i said the working title of it was the tv of self-righteousness. not of the opinion -- i shouldn't have said that maybe. i don't know. >> get back to this jobs report for a second. i think democratses have a real problem with the jobs report. 313,000 new jobs in one month. 61,000 construction jobs well

paid. 31,000 manufacturing jobs very well paid. i think they've got a problem. >> it's embarrassing because this simply highlights what they weren't able to do. and it is soon muff to where all americans remember what the differences were o podsed to several years going by. so it's it embarrassing and has their own agenda and narrative best for the american people. >> now we have the special election right and conor lamb looks like attractive democrat he's a marine, the question was was the democrats going to do a 180 to tammy's point and with this special election coming up for that house seat? pennsylvania an say yes to tax cuts and working because he's saying -- i don't like nancy pelosi's comments. but he's also saying tax cuts add to the deficit. so looks like they haven't gotten that message yet i guess how it works. >> i think the jobs report is a huge problem. races are local and he's -- the democrats have figured out that it local race and republicans need to get their

act together there. so this is again from one race to the next about how they can relate to what's better for their communities. >> and trump rally rolls on up 176 on the dow industrial. thousand if you're missing the sopranos good news news, it's created david chase agreed to write to produce a movie sequel to the series the working title is the many saints of newark. [laughter] okay. set in the era of the newark riot in 1960s. this means tony sparano wound a young guy, the studio did promise many familiar characters will appear in the prequel i believe it's called. the sopranos ran for 6 seasons starting in 1999 it won 21 emmy. coming up, president trump calling the okay land mayor a disgrace over her warning about immigration raids. i say california just wantstosis teen from the union. we're on it and disney chief bob iger says joy did apologize to

vice president pence for calling the vice president's faith a mental illness. later this hour brengt bozell says that apology, that's just not enough. you're watching the second hour of varn nir and "varney & company." my mom's pain from

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cme group - how the world advances. ♪ >> gaining some more ground for the market. now we're up 190 points on the dow. 25,087 that's where we are right now. news from facebook, just made a, this is facebook made exclusive deal to stream 25 major league baseball games. the league say it was unanimously approved by all of the team owners and facebook stock is up. president trump slammed oakland mayor libby for tipping off about i.c.e. raids. roll tape. >> what mayor of okay land did

the other day was a disgrace where they have close to a thousand people ready to be gotten. ready to be taken off the streets. many of them they say 85% of them were criminals and had criminal records. and the hay your of auckland went out and warned them all. >> john uc berkeley law professor and formal or justice department attorney, joins us now. swrawn, i don't to get into the legalism about whether liby schaaf objected justice or not that's not my point. i want to ask you about california which appears to want to secede from the union and defy federal authority. what do you it say sir? >> california and oakland want to divorce from trump and he would be happy to force us out in california. the problem is constitution doesn't allow it. there's no way for a state to secede, in fact, there's a provision that constitution supremacy clause which says

federal law federal offices are supreme over state when they are in con fliblght. so california officials and okay land mayor cannot stand in the way of federal immigration authorities. stuart: but california, the democrats there, are going all out to build a majority for the democrats which they will -- they will win state wide election forever. they're building that majority, and there's virtually nothing that could be done about that. that would get in the way of moving against california and making them accept federal authority. >> look, this is terrible for regular everyday californians buzz what mayor of okay oakland is using this so-called is resistance against the duly elected president and duly elected congress to distract from a lot of problems that we have with budget and rising crime. i live next to oakland a crime is rising and used to be a great city. it's on its way to becoming another detroit but if you don't pay attention and think about a

vote or is fighting trump. >> this has to be sorted out in the court doesn't it? at some point has to go to the supreme court the sooner the better i say. >> yes i think ultimately will be roflted by court and number of things administration can do like cut off funds refusing to cooperate with state official bus ultimately as -- attorney general jeff sessions already started it is going to go to the courts so i think the supreme court will eds side on and a half of the trump administration in the end. >> okay. may i ask a question john. you're a professor of law. at uc berkeley, and i think you're a fairly conservative kind of guy. you certainly stand for rule of law in the constitution of the united states. what's it like having those opinions and i know you're laughing here. but what's it like on a database sis? >> i kind of say to the students i feel like i was west berlin during the korld or war i'm a shining beacon of free market and democracy surrounded by a sea of marks.

>> are you tenured? >> yes, i am so they can't get rid of me either. [laughter] >> john it's a pleasure having you on the show. please come to represent the force of law and order an free markets on this program. we love to have you back. >> thank you, stuart. >> yes, sir. greats man. stuart: disney shareholders rejected a pay package for disney's chief robert iger, details on that? >> looked like paycheck too far this is a rare rebuke 48 and a half million dollars a year -- he was going to get over four years. also, 100 million dollar stock grant this is all tied to if purchase of fox's entertainment assets go through. but it's a nonbingedding rejection of a composition a big cross about the value taken excessive of fall iger nonbinding. not like he's not going to get money for further discuss ised at the board level love to see how that turns out.

wonder why shareholders thought you can't have that 100 million in the stock ground? >> they thought it was just a -- too excessive even though he's added 110 in market value on his watch to the market cap. >> i have to say ieger is one of the great ceo the great corporate leaders of our time. that is. >> they want to keep him in the turmoil and he's been in that chair over a decades. >> see if he gets his money eventually sentenced next our on security fraud charmings prosecutors want him to be in frizz for 15 greers. next we'll head to the courthouse.

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>> rally proceeds now up 215 points and intel is the leading dow gainer it is up nearly 2% at 51 and nor dow gapers for you in a second. less than an hour former drug executor defrauding investors deirdre the prosecutors wanted to go to prison for is a 15* years right? >> they to it stuart. this is a huge range. as you said prosecutors acting for minimum 15 years. a lot of legal telling me it could go up to 20. of course, the defense attorney looking for between 12 and 15 months. now, you know this shkreli has been in jail since september. he said it was a joke. but he put out on facebook that he would pay anyone of his

70,000 facebook followers for 5,000 for one of hillary clinton hair. the judge didn't like that revoked his bail put hill in jail but what he's been charged found guilty of, this summer was essentially lying to investigation force on few counts in his hedge fund. i want to just make a note about context and colors, stuart, because shkreli defense attorney in all of these other court hearings has arrived at court half an hour, 45 minutes before the sentencing. today, ben he was here at 90 minutes earlier so underlines the severity as you said it's it about half an hour away about whether or not shkreli will spend next decade at least in jail and defense attorneys are saying listen, the jail time sobered up and he feels sorry about everything including that quote un, quote, prank of offering there are 5,000 for one of hillary clinton's hair -- as you may know he's brooklyn

born his parents came here as immigrants. they were janitors overnight stuart trying to provide a bus for their kids i'm sure disappointed parents back to you in the meantime. >> find out in about a half hour. see you next indeed. thanks. lots of big stories today including this one. president trump sits down at some point with north korea's kim jong-un, denuclearization and more clear about north korea ability to hack there's an interesting story and president obama close to bringing his agenda to netflix. does his open board big government agenda fly with americans ?im we're asking that question and moments from now, the beetles at 10:30 eastern. whoooo.

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elderly holocaust survivors in the former soviet union before it's too late. >> oh, yeah one of the most pleasant pop songs i'm not going to sing it. okay good just let the music flow. all right -- the dow industrials up 207 points. that's happy news if you like up 210, 25,is 00 that's where we are. big tech names look at them go am l about facebook, alphabet on record high another one, for amazon. how about that? by the way, apple might release its cheaper homed to some time this year. then we have -- that's my editorial top of the hour former president obama is in advanced talks to produce shows on netflix. with -- that's an all time high of

netflix by the way maybe that's doing stock some good up $7 at $374 and dynamic couple here themselves. sharon republican of wisconsin fox news contributor rachel and his wife, both of them join us now. you're a lumber jack. >> i'm stuart used to be back in the day topping and log tree growing at 3:00 in the morning. >> should go on netflix with your own show. being modest he's a three time world champion. >> three times world champion. >> world champion. well it's a small world. but yeah. eight children you're the couple with is it eight children? you have -- keep me out of this. who's looking after the kids right now? >> how do you expect us to have kids if you don't have time together? >> well, i don't want ton. to by the way -- i don't to be. shall we move on to the --

first of all, president obama maybe going on netflix with shows of his own. i say it will play very well overseas it is popular there but i don't think it plays well with americans. what do you say rape smell >> i say it's a smart move one thing that community organize president understands its culture he has a huge advantage in hollywood. he understands that stories matter. and that you can move politics by moving culture and that's the place where he wants to play right now because he's not ready to get out of the game. >> shawn i don't know of anybody who is saying i wish we could get to the the good days aft obama years i don't with hear that from anybody. >> if you want to rewrite you rewrite the story on netflix and listen, i love when you did your editorial you're reinterpreting thing what is they mean like, you know, open borders, and you know globalist policies that -- heard american workers, i don't think that -- barack obama is stupid. hets to push this progress eve agenda that was unsuccessful

when he was the president and push it into the hearts and minds of all americans using netflix as platform an rachel said that's how you win culture war. >> it already feels qaingt it already feels like 2010 if he turns it into a faculty lounge that's a problem if he's going to moderate not just produce, i mean you have to be ready for cross fire and a fight. >> i'm sure he will. they can be, i agree with shawn he's not stiewmgd but be the producer to push the ideas and the progressive agenda he wants. and look, donald trump is cleel dismantling his legacy he has to do something to retell and remake this legacy because if not he's probably going down in history as within of the worst presidents ever. >> netflix they've had a streak in studio doing their own content so might be another failure in netflix original content. >> i don't think so. i'll say it is a huge success overseas that's why it is up

with all time record high. i want to the move on to tariffs european threatened on bourbon, motorcycles, let me break this down a second blue jeans are made in california nancy pelosi home state. bonn home state kentucky home state to mitch mcconnell and would you that's poor ryan's home state and your home state not happy about this. also threatening cranberry also wisconsin. big product there. whoncht knew that cranberries grow in qi? i thought massachusetts. cheese but in the country. you didn't so do you want pruch to back off on the steel and aluminum tariffs, so that you don't get hit in wisconsin with harley-davidsons. >> let me make a point so uses steel in their bikes right and we try to sell them globally when we sell to china there's a 30% tariff stuart. when we sell same bikes into

india that's 100% on those bikes donald trump is successful in trying to not just look at free trade but fair trade getting other countries to reduce their barriers for americans. they're better off as country so it could be painful. they're going to try to play tat for us and make trait points with goods that are sold in wisconsin, and in florida and california. but to think donald trump is crazy muff to say i'm going to implement a policy that's better for the american worker i think they crumble before we get to that point. >> you don't want blanket tariffs yowpght reciprocal tariffs they charge 100% duty in india that's right, you to the same to their products here to get rid that have 100%. ming that's what the president said isn't that when he said in the last speech a mere tax -- what he said, and reciprocal tax you tax us u at this point we tax you at that point. >> they're looking at taxing sectors in our economy that they don't make themselves they're not making jeans or growing

cranberries they're not growing orange os so looking at products that they don't make that we do that they're trying to tax so we can't reciprocate with them but this started we have to remember with china and steel and a aluminum and dutching on world market and frankly i agree with president if you don't make steel you don't have a country. we have to maintain a -- not a free trade but a countermarket. >> careless but if i trust -- i trust the businessman president versus community organizerrer president to kind of give a handle on this. because it is navigating some tricky roads but he's doing something that all of these politicians have said therm going to do before which was to make -- free trade more fair for america. >> style is to make a dramatic opening gamut to negotiate over there. i think that's the art of the deal. thank you. >> but stuart people said we don'tment to get in a trade war and we don't but we've been in a trade war and we're losing trade war and we're largest economy in the world do peoplement to lose access to american market? i don't think they do so i think -- let's be fair. >> real fast bottom line in

wisconsin that's your state. are these -- is the presidents approach to trade popular? >> i don't quite know yet. we're going to see. you know, results hear the. so if we duet into trade war we're all disappointed in this but able to navigate trade -- and a tariffs, to reduce barriers, wildly successful. >> stock market was going to tank after yesterday, and it didn't. so -- i think a lot of predictions are off result ares matter. let's see what happens. >> we're up 248 point on the dow industrials. celebration of the golden couple. >> hire 13,000 jobs last month. wow. >> tell me about it. fantastic it really is. >> making america great tben. back to the north korea issue, the white house confirming to fox, that president trump spoke to china's president xi jinping with kim jong-un i want to bring in van hip american defense international chair. now, vance you warned that north

korea was way ahead in the area of quantum computing so i think your point is, maybe, maybe they denuclearize but they have a cyberattack capacity which can hurt had us that's your point? >> they have a device stuart and we know it is at the working prototype level that concerns me. but let me tell you what concerns me more many you mentioned china it is outspending us 20-10 in computing and this is the great equal from the battle field this country has to make winning quantum race a national priority, and i think we've got to have a new manhattan project and we probably got four or five ally it is in the free world england, canada australia and switzerland who have real competent seas we have to work with them. this is a way so america cannot afford to lose. >> do you trust kim jong-un he says no tests of missiles no test of bombs as we move up towards that meeting --

do you trust him? >> i remember what happened in 2005 with the six party talks and they're going to basically abandon the nuclear program then and you know in a year later they have a nuclear test. look this is historic. i think what this president is doing right now, this is a -- a kin to nixon going to china as only nixon could go to china only president trump could pull this off, however, saying this and because he operated from strength, he exercised leadership, and kim jong-un felt the pressure. and a lot of indications that point to that. having said that, though, stuart, we are now in ring of the faze of high stakes poker i'm very leery and there are a number of pitfalls that we have to be prepared for. >> have you any idea where the meeting might actually take place? >> no yongts. i don't but i'll tell you whaing is important. president nixon says you have it cease the moment right now these two months are interesting. right now america has got to cease moment an by that i mean let's set the stage stuart.

let's set the -- tone and the stage for this meeting. i think you've got to put a raw at the top it have these talks we've got to look at what are the principles that we heed to address to really duel request the denuclearization who is the great enabler iran. that's the reason north korea has a militarized warhead device today. they have been the chief financier so question of to look at things like that. let's set the stage and set this tone for these talks now. >> well it is certainly historic. van hip thanks for joining us much oblige to you. >> thank youing being with you and duffy thank you. enjoy the staycation. lumber jack, i'm a lumber jack and i'm okay. you are. [inaudible conversations] [laughter] >> going to get on with this right coming up next hour boxing champion hosting mass i have boxing event this weekend

except, you don't know any of fs that could be a problem and disney chief iger says joy did apologize to mike pence. remember she called the vice president's faith a mental illness. and our next guest says an apology is just not enough. we'll be back. ♪ mike and i are both veterans, both served in the navy. i do outrank my husband, not just being in the military, but at home. she thinks she's the boss. she only had me by one grade. we bought our first home together in 2010. his family had used another insurance product but i was like well i've had usaa for a while, why don't we call and check the rates? it was an instant savings and i should've changed a long time ago. there's no point in looking elsewhere really. we're the tenneys and we're usaa members for life. usaa. get your insurance quote today.

>> welcome back last hour kentucky governor matt bevin said he agrees with the critics that kentucky's new opioid tax is not going to work he says it will not fight problems. watch. >> the vast majority of people that are receiving these are receiving them through medicaid. i'm not sure that cms would do anything other than consider this a provider tax which is not allow. i don't think it would result in nearly the financial intake that some were hoping for. they were hoping to raise money to pay for other programs that perhaps government doesn't have the money and shouldn't be funding. so these are the kind of things that happen during budget sessions. but the fentanyl and car pengtal problem is absolutely critical. this is a synthetic drug coming in from china we know this to be a fact. china trade issues and what does come and doesn't go is topical baseed on what you've discussing

on the front.

this is where i trade and manage my portfolio. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities - trade confirmed - and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. >> well long at amazon another all time record high earlier it reached 1,565 a share. netflix same story it hit an all time record high, 32598 that was the high we're backed off just a fraction to 324. beth all time highs. disney bob iger he told shareholders that the view host jay had apologized to vice

president mike pence on the phone for insulting christians. brent bozell yeetd president joins us mow. you say this was an apology but it's it not enough, right? >> good start. but you know, is this rather -- i don't know strange that we would hear about this from bob iger talking at a shareholders meeting responding to a question. look, when joy bay insulted the vice president she was insulting all christians because she insug kristy. there are 28 l0 million who is identify themselves as christians, the apology should be as public as the insult she should apologize publicly but i think it should end at that moment but she has to do it. there has to be an apology from abc and has to be a statement made that this kind of anti-christian bigotry is going to stop.

i'll reminding you stuart that had she called islam a mental illness -- can we only imagine what would have been the response? and never in a million years or what about a judaism and while yet you don't do it because that's antireligious biggity but christians demand to be treated like wise especially when the vast majority of americans are christians. >> should the view still be run by abc news? i don't think it is a news program. it's a point of view. it's an opinion. >> never has been. it is a talk show. it's a morning talk show. and which is, you know, perfectly fine. but if abc -- considers that to be news, i think it tells you more about abc than it does the view u if that's news we're on. we're in trouble. >> i think you remember in the meeting in the white house where the video game business and violence on video games was discussed. number one, why were you in that

meeting? [laughter] and number two, what do you think we should do about violent video games? >> well, you know, what i found parent television it counsel 20 some years ago, our focus was on decent city and one of the questions has been violence and -- in the media. the media includes the video industry most people don't understand that it is by far the biggest industry in society today. far bigger than television. far bigger than the movies. it is a massive industry. but look, what i think the president is saying is that bad people, troubled people are using guns they're not, they're not using guns because they want to use guns to commit violence. they want to commit violence and they're using guns. question is, why as a segment of our population young people become so violent? and there are real questions not just about video games. but about a lot of other areas.

and i commend the president for this. he step down with industry leaders and periscope and ask questions yesterday. what is it about why do these somewhat videos have to be so ultra violent and what could be done to keep them away from children? which is why one recommendation by yours truly if everyone is going to agree that young children shouldn't get these -- these nasty ultra violent videos, then treat them like any other commodity that's kept from children. treat them like cigarettes, about liquor, do that which you can do to a store to make sure they never get their hands on it. >> okay seems to me that we're surrounded by violent visual images. i mean about when you watch movie these days even tv shows and certainly these video games, the violence is immediate. you see the full impact, the bush bursting of the flood spewing of the brainses it is right there in front of you in detail. and that's --

something which is relatively new. >> stuart, how about this -- the parents television counsel just released this study on this. which is striking -- last year there was aive increase in guns, gun violence depicted on broadcast television prime time shows. every single show that featured gun violence rated tv for teen or younger. >> good lord. >> every single one that's rated by the network. or if you go over to cable and you see shows sons of anarchy they'll be picked school shootings with people going in and mowing down students. so they show this -- and then it's same industry turns around and says, we are horrified that a segment that young people are going out and using guns. >> you've got to start shaking your head tell you that's it. good stuff. thanks as always for being with us brengt we do appreciate it, sir. >> thank you, stuart.

tnches hi tax blue states oh it's never enough connecticut is considering penalizing those who don't have health care. with what else is this a tax -- we're covering it. mom you called?

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>> here's a headline for you, connecticutments to tax residents who have no health insurance. jerry willis has the story before we start, i thought that under obamacare, you had to have insurance and if you didn't have it they fine you but that's going away. >> it's going away this is last year of that. so a lot of states now are coming in and saying hey, you know we've tbt a force people to get coverage and none as as connecticut that wants to put in place a supermandate. they will charge a fine of up to $6.9 -- because i can't believe this number. this number is crazy -- 9.6%. for high income people if they do not get coverage. >> so few make i don't know what the number is what 2h it shall 100,000. 100,000 a year or more, and you

live in connecticut, and you don't have a -- health care plan of any. then they fine you or charge you $9,600. you have to pay almost 10,000 out of your pocket and proposed by a yale university economist they want to force you to get coverage. because you know if you're a rational actor out there i mean think about it and option is i pay $96 and get nothing or pay i pay and get coverage i'll go with the coverage. other option for people at the high income stream is they can the money in health savings account to take that same amount a of money to do that. but it's really twisting people's arm as to get them to do what they want. we've had maryland come in an say we also want to do thing like this and force people many. there's about 60,000 people out there right now paying fine. butlet be clear about what obama pine is because it is very different. 2.5% of income or 695 whichever

is more. >> this is bad news. but we're glad you're on the show. [laughter] all right. even though i'm coughing. i have to go we're about to go to black if i don't. we don't want that. so we'll be back after this. let's begin. yes or no? do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time

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stuart: august 2017, the president directly addressed the north koreans. you better not make any more threats. you will meet with fire and fury the likes of which we had never seen before. that was the emerging trumpet style, right up front establish a very hard line. the media's response was predictable, he will get us into a war. hillary clinton thought trump was being provocative. now we find the president's hard-line brought results. kim jung un and our president will meet and they will suspend bomb and missile trysts in the

run-up to the meeting, no other president has done this and it was the president's style that pulled it off. with tariffs, the president comes right out and says we are fed up with steel and aluminum dumping, knock it off. we are imposing and import tax. you know the reaction, consternation, trade war, workers will suffer, jobs will be lost. now the president refined his position. exemptions for mexico and canada, australia and other military allies. the president made his point. we are going to redo trade and do it to our advantage. tax cuts, again, the president came on strong and moderated his position. we got the cuts and the economy did start to grow. there is a package and on many issues the president's style is working to america's advantage. he doesn't get everything but he does deals, he knows how to

negotiate, open with a strong position. what a difference from the obama years when our opening position was usually a cave. this is a very different presidency with very different results. the third hour of "varney and company" is about to begin. ♪ stuart: breaking news out of brooklyn, martin shkreli ab sentencing hearing is starting now. prosecutors wanted him to go to prison for 15 years. as soon as the sentence is handed down, you will know of it. let's get to the jobs report. 313,000 jobs added last month, wages up 2.6% compared to a year ago. paul conway's with his, former labor department chief of staff.

it is a blockbuster report and i am sure you will agree with me. >> the policy of deregulating small government, giving money back and incentivizing entrepreneurs to hire more people. reagan proved it, john f. kennedy proved it, and it is the beginning. stuart: nancy pelosi, in the tax law, roll that tape. >> it is so small in comparison, the choice was made for corporate america, the top 1% on our society at the expense of working families something is wrong with this picture. stuart: that was a partial rollback that came yesterday. this is what we got after the jobs report, republicans pass a debt exploding gop tax scam

that has massive windfalls to the rich and corporations on the backs of hard-working americans. excuse my accentuation. for your reaction to the jobs report? >> i hope she is selecting every democrat who will run in 2018 because it bodes well for the gop. it is an elitist, the gall of somebody to say this. it is a little bit personal. her father was well-known mayor of baltimore and known for fighting for the little guy and making the doc city a great city and that is what he was known for and that is her heritage. when you walk around baltimore and look at everything the city was and what it is trying to come back to be in the daughter of a mayor who once fought like that could say that, it is angering to me.

my father, my grandfather was the understood democrat mayor of hartford, connecticut elected. he always said fight for the little guy in politics, take care of themselves. what nancy pelosi said was if you ever say anything about taking money out of the pocket of somebody trying to work to make a dollar i will kick you out of the house. nancy pelosi should think about that and the democratic party should think of it because they are losing their heritage. stuart: it is a different democrat party. the democrat party of your grandfather and nancy pelosi's father is different from the democrat party of today. it was for the working person. now the elites vote in this party. >> of anybody wonders why ronald reagan said i didn't leave the democratic party, they left me, it is personified by nancy pelosi and what she said. on a serious level it is bad for one of the most powerful people in the world, the

speaker of the house of representatives of the united states to begrudge hard-working people one dollar, $100, or $1000 and to go after entrepreneurs and people and corporations making decisions on hiring after tween on years of trying to come back from a failed economy to have that kind of attitude and articulate it sends a message to the world and i don't think it will bode well for them in 2018 and long-term. the elites have taken over the party, they have become detached and no wonder donald from his done well in the district he has. stuart: always a pleasure, thanks for joining us on friday. check the big board. the rally is strong and holding. because of that jobs report and our president is going to meet kim jung un. 27 of the dow 30 on the upside and dow is up 250 points. the cio and author of the new book crisis of responsibility.

i want to 0 in for a second because three individual stocks that you like, three dow components, mcdonald's is the first. >> it was held a long time but these names are selected as a result of what is happening in 5 or 6 weeks, price deterioration that we thought was frothy. we are big believers in the fundamental story the ceo is doing incredible work, dividend grower which is what we do and the stock went from being modestly expensive to cheap. stuart: was at 180? and now it is 156. that is a real change in pace. next one prompter and gamble, is that a stock that has come down and you think it is down too far? >> it is. there is a value play in terms

of how much the stock come down but the reason stocks dropped his anticipation of higher input costs, commodity prices, higher inflation, fear of this tariff issue but we believe procter & gamble is committed to cutting expenses drastically. they have a $10 billion capital plan, we studied it. stuart: you buy procter & gamble and mcdonald's in the last is walmart. >> all three of these names have something in common. walmart went public the year i was born, they raised the dividend every year since i was born and they will continue. stuart: what is the yield on walmart? >> the stock price has grown up so much they announced another dividend increase. we look at yield on original investment, what does it yield for what we paid for?

walmart is continuing to grow as is procter & gamble. mcdonald's is up 300%. yielding 3% now, it was 3% in 2009 when we bought it. that happens as cash flows grow. stuart: you mentioned them all and didn't mention big tech. that was good stuff. we appreciate it. home depot, they are going to donate $50 million to train 20,000 construction workers. the money will primarily be use to train veterans and disadvantaged youth, stock is up. overall the market is up. i don't think the stock is up because of that training operation. shareholders voted against chief bob eiger's pay package but stock is at 104. facebook made an exclusive deal to stream 25 major-league

baseball games mostly on wednesday afternoons. the league says it was unanimously approved by all team owners. facebook 184. jampacked our ahead. million-dollar list in miami. samantha will respond to the report questioning whether buying a home is still a good investment. we also have boxer eve and her hollifield saying boxing isn't mainstream anymore. he is onset shortly. shale oil pioneer says oil production will not grow as fast as the market predicts. roll it. ♪ last years' ad campaign was a success for choicehotels.com

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stuart: maybe we are getting more confident about the economy, using our credit cards, credit card debt topped $1 trillion, the average household has a record of $8600. and during and just before the recession. the international energy agency says america will become the largest oil producer this year. not so fast but production is as fast. ceo of centennial resource development, a pioneer in the shale oil boom. i always thought the good guys bailed america out and growing production. what is the problem?

>> good morning. just a matter of degree. my prediction is what is going to happen with us oil production on the low end of the range of estimates, lower than what the department of energy would estimate. i believe we are going to see a maturation of some of our major shale fields in north dakota and 2018-19-2020, the amount of oil production that emanates is going to be disappointingly low. we are still going to be the largest oil producer in the world during this timeframe besting saudi arabia and russia but the amount of oil is probably going to be 850,000 barrels a day per year of growth contrasted with the estimates that the iea and others which is 1.4 million barrels a day. stuart: what is wrong with

going after oil in the marsalis shale oil deposit which stretches from pennsylvania through upstate new york? we are not fracking in new york at this point but that could change and that is an enormous deposit of oil. >> it is primarily a gas zone and an enormous shale play and will generate large volumes of natural gas which is a benefit to the nation but it only has marginal influence on oil production. stuart: if we don't get this extra production we have been counting on, maybe the price of oil will go up because demand is strong. what do you say to that? >> you hit the nail on the head. demand has been robust.

it exceeded everybody's estimate for the past we 5 years. if i am right and the volume of us shale disappoints versus estimates for the next three years, that will put an upward bias to global oil prices. stuart: will get back to $100 a barrel? >> i am not there but i think we would likely see $70, $75 a barrel two or three years out versus the current $61 a barrel. stuart: i think american fractures and drilling guys are american heroes. you have made us energy dominant. i'm a little disappointed we are not going to keep producing more and more and get the price down but you are an expert in this field, know what you are talking about and thanks for informing us. we are obliged to you. >> thanks for having me on. stuart: toys "r quote us could

close its doors for good, planning liquidation after a terrible holiday season. look at hasbro and mattel, getting hit hard because of this expected announcement. amazon hitting an all-time high earlier. they benefit by taking the toy market. bit coin, we are at the 8000 level, 8940. the price of gold, we are at 1322, virtually unchanged. you can score -- explore 11 disney parks on google street view. they use a 360 ° camera mounted on a backpack catching the animal kingdom and epcot. what you see walks around. look at this video. a young girl in russia wants to be a professional boxer but you

won't believe how old she is. we will tell you momentarily. take a look at this photo. you might say it shows a woman modeling chen l, there is something that makes her extra special. we will tell you about that as well. mom, dad, can we talk?

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stuart: fashion magazine is getting attention for its latest photo shoot. the model michaela sousa is posing but is not a real person. she is entirely computer-generated. she gets, has 700,000 instagram followers. then there is this, taking a selfy in a research station in antarctica. the camera was left on the ice, the penguins were curious. looks like a commercial for one

of those disney movies. one of the nearly tensed the lens with its beak. kind of cute. now this. we showed you the girl who wants to be a boxer. she is 10 years old, from russia, going after 83, training since she was 3. eve and her hollifield will be on the show. she is 10. google st. video, let's show you the real stuff. you can explore 11 disney parks. google uses a 360 to the camera to capture the video. i want a new video. we have seen that before. google working quit the pentagon to build a project, and artificial intelligence used for drones. some google employees don't like it because it is working for the pentagon.

report claims this spring should be the weakest in years for home sales. mortgage rates at a 4-year high and the markets are doing very well. almost the height of the day, we are up 275 points, 25,172, great jobs report has something to do that and we will be back. ♪ ♪ : and i take trulicity once a week to activate my body to release it, like it's supposed to. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. the pen where you don't have to see or handle a needle. and it works 24/7. trulicity is a once-weekly injectable medicine

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tripadvisor. the latest reviews. the lowest prices. . stuart: i think this is the high of the day. we're up 28 points, and it's a sea of green against the dow 30. 27 them are up. this is because of the morning jobs report, which is very, very strong, and the meeting between president trump and kim jong-un, that is coming up. 313,000 new jobs last month. that's big. our next guest says buying a home, still a good investment, however, the real estate market faces challenges, mortgage rates, four-year high, and not that many homes for sale. a new report says spring home sales will be the weakest in years. another surprise. samantha with us. it seems to me that there's plenty of people who want to buy but not that many homes to

buy, there's not inventory as you guys say, that's the situation, isn't it? >> that is exactly the situation, we're seeing interesting market because there is a bit of a slowdown, and while we have very little inventory, we have a lot of demands but prices are so high right now, so what's happening is a lot of people are resorting to renting. they're not just renting annually, they're renting seasonally, monthly. i'm having people say look, tonight buy, i'm ready, willing and able, but i don't want to spend these prices, and it's funny, we could talk about mortgage rates all day long, that is not the reason. a 30-year fixed at 4.46%. this same week last year it was at 4.21%. we're not seeing crazy mortgage rates but seeing crazy prices. stuart: okay, there is also this ongoing argument that buying a home is not, these days, the best investment. i mean for a couple of

generations, three or four generations that is what you did. you grew up. you got into the 20s, you married and bought a house. that's no longer the deal. people no longer believe the home is a best investment young folks can make. >> well, there's an argument there. first and foremost, whenever you read any of those reports or analysis, the one main thing all of them will say is if you buy the right house at the right time and again at the right time, it is a great investment. buying a home is the riskiest investment out there. it's not an episode of house hunters. you need to take it seriously. i'm a great example, i don't just buy homes, i buy houses, i'm buying and making crazy returns, airbnbing them, $25,000 a year income and selling every two to three years. a lot of reports say the

average home owner owns their home for ten years, it's hard to predict a real estate market in a 10-year period, but when you're looking at it year by year and saying if i sell, i'll make some money, yeah, you shouldn't be as emotionally attached. all day long, you can make money in real estate if you time it right, and always comes down to timing. stuart: wait a minute. with respect, the big argument for youngsters to buy a home is the tax deduction on the mortgage interest. i know that that deduction has been limited for the way upper income people and the very luxurious homes, but the principal argument is the best tax deduction you're going to get in first ten years out on the road on your own, that is the mortgage interest deduction. that's the biggest winner as a homebuyer. surely, that's the big argument. >> sure, we could argue that all day long, but if we say okay, you should rent. if a one bedroom is $2,000 or

more. stuart: i said don't rent, you buy. >> okay. yeah. i mean i'm agreeing with you. all day long it does make sense to bear, but again, you've got to sell at the right time. it will make more sense to rent if you're not going to buy and sell at the right time. if you're in it and saying look, i want to buy a house, i don't necessarily care about the investment or the return or anything like that, tonight plant my roots here, i want to, you know, spend money on improvements it may or may not need, yeah, it's going to be a money pit and you probably will never see that money come back, but if you buy at the right time, you could put 5%, 10% down, you still have some deductions that you can write off. that's not saying they don't exist at all. it's limited. when you look at renting, you are maybe saving money but love to know the percentage how many people with the saved money used and spending it on trips

and other things they wouldn't have before. stuart: i guess i'm old-fashioned, i still think buying a home is the best investment a youngster can make. capital gain. >> 100%. stuart: i don't care about buying the house at right time and sell it. i don't care. buy the house. that's my position. >> i've made a lot of money in real estate. i'm a believer. stuart: glad to hear it. come back with the argument. love to hear it. google working on software for drones, military drones, some people are not happy with that. they don't want to work with the pentagon, they are google people and all that jazz. joining us is brett, the author of the book the drone warrior and knows a great deal about drones. what do you make of this? google has all this brainpower and the company wants to apply it to military drones to our american advantage. you got some people saying we can't do that, we can't work

with the pentagon. that's pathetic, what say you? >> nice to see you, stuart. project maven was a joint venture between google and the pentagon to use google's artificial intelligence and machine learning to identify and classify essentially objects that come from drone images and drone videos, essentially using a.i. to pick out anomalies like vehicles and buildings and individuals with weapons, and then provide that information to the war fighters to make more informed decision. think about that for a second. we have thousands of drones in the u.s. military suite, operating in nearly every continent around the world in varying capacities. think about the amount of data and video and images that are streaming back from those drones. you know when i was doing this work using drone technology to go after members of the islamic state, i would be analyzing the images try to determine what is, what could be, what's

happening? does the individual have a weapon? placing a bomb? it is painstaking, tireless work but it's necessary. imagine you have a machine able to automate that for you so you don't make mistakes. that's what google has done, they've applied the algorithms to help the war fighter out. we need more of it, it absolutely is not without controversy. stuart: we need more of it, i want these guys on my side. i want the best drones, i want artificial intelligence working for us, thank you very much. you are an army veteran, president trump is going to meet with north korea's kim jong-un. what's your comment on that? >> i keep thinking what a big win this is for president trump. he's just putting his political adversaries to shame with this. the man who brought kim jong-un to the negotiation. make no mistake, stuart, this is going to be the negotiation of his life. absolutely he's the right man for the job, though. he's been doing this forever. think about all the negotiation he had to do in the business world.

i think it's the right time for this to happen but at the same time, i would go into the negotiations, obviously, very, very, very cautiously. i expect the worst but hope for the best, but now is the time to do this, absolutely. stuart: look, i'm fascinated by drones, and i want you to come back because i want big, bad drones on our side and i think you do, too. >> absolutely. stuart: thank you very much, we'll see you again soon. >> thanks, stuart. stuart: turn to infrastructure for a moment. our next guest says it's too late to fix everything. how about that? too late. too late. former texas railroad commissioner mary scott is with us now. what do you mean? too late? i know, look, we've been told for a generation or two that the roads are crumbling, the bridges are crumbling and you're saying too late to fix it? explain? >> no, it's not too late to fix it, it's too late to wait any longer to fix it and concerns me very, very much that

congress is now telling us it may be next year, or we may roll out littlityy pieces of infrastructure, and concerns me a lot that the president's proposed budget takes more funding away from infrastructure. and i don't think the public at large understands the crisis that we are in. stuart: that's an interesting word. crisis. look, i'm a foreigner, i'm an american citizen nowadays, but when i came here, i was really impressed with america's roads. the whole infrastructure thing was just really, really good. vastly superior to what i was used to when i came here. okay. we've crumbled a little bit but to use the word crisis seems a little strong. >> i think we for a crisis. when you consider the fact that we've got 50 -- almost 55,000 bridges that have been deemed structurally unsafe, and a million motorists a day drive over those bridges.

when you consider the fact that our power grids are almost all 50 years beyond their life expectancy, and when you look at our water systems, and we realized we don't have clean water, we don't have adequate water resources and have pipelines that are decades beyond their life expectancy. stuart: i tell you where i'm with you, laguardia airport and lax. bulldoze them please and build something new, there's a crisis right there. >> we don't have a single airport in the top 25 in the world anymore. stuart: i'm with you on that. we're out of time on that, that's for sure. mary, thank you for joining us. much oblige to you. very short, i have a huge news day. you know how it is. >> i understand. stuart: third time's the charm, we got it. the google street video we promised. you can now explore 11 disney

parks using a 360-degree views, cameras mounted on backpacks. take that. you can take a tour of literally what you will see if you were in the park. finally we got the video and i think it's pretty good. we have legendary boxer evander holyfield coming up, we're going to spar over the popularity of boxing. and john cox running for governor of california. i say there is no chance the republican -- a republican might make it into the final two, but that is not a sure thing. we'll be back.. a new report predicts people who buy health insurance on the obamacare exchanges could see premiums rise by double digits. we're going to give you the numbers all over again.

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. stuart: been a while, all the reports of double digit premium increases under obamacare, listen to this. california's insurance marketplace predicts people who buy insurance on the exchanges could see premiums rise as much as 32% next year. and the report says california and 14 other states will see premiums rise by more than 35% by 2021. you've been warned. now this. president trump blasting oakland's mayor libby schaff for intending immigration raids. roll tape. >> what the mayor of oakland did the other day was a disgrace. where they had close to 1,000 people ready to be gotten. ready to be taken off the streets. many of them, they say, 85% of them were criminals, and had criminal records. and the mayor of oakland went out and she went out and warned

them all. stuart: joining us john cox, he's back, one of the republican candidates for governor of california. john, it doesn't seem to us, the rest of the country, like california is any longer part of the union. what say you? >> well, clearly our leaders aren't, stuart, and thanks for having me on. you know, our leadership is all about pandering to fear and anger and they're not into solving problems. first thing i'm going to do as the governor of this state is get rid of the sanctuary state policy, then i'm going to start to work on repairing our economy and the cost of living here. you know, 20% of this state is in poverty. you just talked about insurance costs. i could recite the litany, gasoline, water, electricity, and, of course, the big one is housing. people are working two and three jobs to try to pay their housing costs. i realize, stuart, you are kind of not into the fact a republican can win this state,

but i got to tell you, it's all about alternatives, gavin newsom and the rest of the democrats, i'm calling them the thelma and louise party, stu, because they are going to drive the democrat party off the liberal bernie sanders cliff. stuart: but you might not be -- there might not be a republican on the -- in the race because under california rules, it's the top two finishers, and they both be democrats, probably both be democrats. >> no, no, no, there are five democrats competing for the vote. there's two republicans. i'm the funded republican on the businessman. we have a businessman in the white house, we have a businessman in 19 states that are leading their states, states like arizona and nebraska and kentucky and maryland and massachusetts and michigan. you know, you get a lot of states that have said we need a business approach to things.

we need somebody who's actually met a payroll and understands budgets and understands how to solve a problem, and these politicians i'm running against, running against six politicians, stuart. you know it. people are sick of this stuff. they want problems solved! >> speaking of businessmen, i got to break in, john, thank you for joining us, got breaking news. dow jones reports goldman ceo lloyd blankfein is preparing to leave the company as soon as this year. so what's the implications of that? >> well, he is preparing to step down, it's more than a 12 year run, one of the longest serving bosses on wall street. saw goldman sachs through tumultuous times, goldman sachs not having a good go of it, though. trying to turn itself into a consumer bank. remember, it is transition. he's been at the helm 12 years. stuart: this is pure speculation on my part. gary cohn is leaving, a former

goldman sachs guy, he's leaving the top economics job in the white house. >> that's right. stuart: is there any suggestion, any hint that lloyd blankfein will take his place? >> two co presidents could replace him. we don't been gary cohn going back there. gary cohn walked out of goldman sachs with more than $250 million in compensation. we don't know what gary cohn is going to do next but he's certainly well off. the talk is harvey schwartz and david solomon could step into replace lloyd blankfein. stuart: if he leaves the top spot in goldman sachs where, does he go? wonder if he'd go to the trump administration, i don't know! >> doubtful. stuart: speculation. >> got it. stuart: that man, there he is, heading down the hallway. a legend. you know his name. evander holyfield. but is boxing main street anymore. i don't think he'll agree with

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. stuart: repeat that news out of goldman sachs.

the chief, lloyd blankfein, reportedly preparing to leave later this year, maybe. this man runs the most powerful, most important investment bank in the world, bar none. he's a billionaire, he's a democrat, and he likes the trump economy. how about that? and what he does at goldman sachs, i don't know. i'd like to speculate he would go to the white house, but it is pure speculation, you won't go there. now this. boxing, deont a wilder, the reigns world weight champion. he was on the show, not everybody knows who he is. everybody knows who this guy is, evander holyfield. welcome to the show, by the way. you are the last heavyweight boxing champion whose name everybody knows. you know why you're the last? your business has been taken over by mma and ufc, isn't that right? >> i wouldn't say so. they are part of it, but i

wouldn't say they took it away. stuart: not take it away, but you've been to some degree eclipsed. >> our sport is not being promoted properly. stuart: and you are now a promoter, i think. >> yes. stuart: you are promoting a series of fights this saturday night. >> yes, it is, in brooklyn. >> you are the promoter of this. >> we bringing fights back giving the people what they want. >> okay, can you get an audience just there in the arena and on pay tv, can you do that? >> yes. we just need the opportunity, a promotion, just like i'm here, people get a chance to see. stuart: so i am helping you. >> yes, you are. stuart: promote heavyweight boxing, do i get a commission out of this? >> well, yes, yes! >> who's fighting friday -- saturday night. do i know the names? >> they're beginners. these are people you have to promote. you start at a young age, then eventually you will be there.

stuart: you think there is interest in boxing again? >> i don't think it ever left. it's the fact when you stop promoting, things go down. stuart: okay, i want to talk to but a video, got a lot of attention, and you have a big smile on your face, i understand that. the video is about how pepsi helped coke make you $20 million. how did that happen? >> well, the fact is that i took a picture for free and had one of the guys who are with pepsi get up on the thing and i became heavyweight champion of the world. they didn't think i would do, it but i did. they put the picture right there in atlanta, and everybody say, evander holyfield from atlanta. what is pepsi doing there? so they asked me, and i was fortunate enough to be there and they asked me how much it

would take to get it down. i said they didn't give me nothing. what? and they gave meet big contract. stuart: they gave you $20 million. >> sure. stuart: $20 million. >> yeah. stuart: you got it. lump sum or did they spread it out? >> they spread it out. stuart: good for tax reasons. how do you feel about paying 50% in tax? >> the fact that -- i was really upset, the fact is that was the first time making big money, and i didn't think they would take that much. [ laughter ] >> join the club, young man. join the club. evander, pleasure having you on the show. good luck on saturday night as a promoter. good to see you. thank you very much. all right, i want to repeat that breaking news, blankfein, as in lloyd, head of goldman sachs, the world's most prestigious investment bank leaving the company by the end of the year, as i said before, this man likes the trump economy but he's a democrat, he's also a billionaire, he's leaving goldman sachs.

goldman sachs stock, by the way is up $4 as we speak. no doubt on that news. anything to add? >> up 84% since he took over as the head of the firm. stuart: the stock? >> yes. stuart: okay. >> up nicely, it's below more than doubling the gain in the s&p 500, better than the financial sector for the s&p. stuart: the s&p financial sector up a good deal less than goldman stock. >> yeah, it's up 15%. stuart: what do you do after goldman sachs, and you've made a billion dollars or maybe more. >> he's been there 36 years. stuart: he's been there 36 years does, he just fade away and retire totally? walk away from everything, become a charitable kind of guy? >> some of the guys, yeah, you don't hear from them, some of the wall street honchos. stuart: some, not many. i keep thinking of gary cohn. he's the man who walked away from goldman sachs with a couple of hundred million dollars, walked into the white house, became the president's

top economic adviser, sheparded the entire tax cut package through congress, now we understand he's leaving but might go to a different job in the white house. >> we don't know what gary cohn is going to do, this is very much a wall street story, a goldman sachs, a powerhouse, it's having a rough go of it over the last couple of years, though, its return on equity is down 30%. wonky details as this comes out. a friday, a lovely friday. stuart: they wouldn't buzz with you 30 seconds to go. >> i don't care if they buzz me. friday buzz. stuart: what got you was return on equity. >> yes, it's an important number, you don't like, it like the federal reserve. stuart: i understand it. a couple of seconds to go, want to draw your attention to the stock market. it's friday morning, the end of the week and going out with a bang. the dow is up 274 points as we

speak. we've got a terrific jobs report at 8:30 eastern time this morning. last night there was news that president will meet with kim jong-un. you combine all of that. it's positive. interest rates staying relatively stable and the dow is rallying nicely. see what i do for you connell mcshane? >> it's on a tee, that's a baseball joke for reference. great show, thank you very much, have a terrific weekend and welcome, everybody. what a difference a day makes. connell mcshane filling in for neil. we welcome you to cavuto "coast-to-coast." tons for investors to digest and like what they see from the jobs report. the report was strong, but not too strong, and that's a key for the market, helping to drive things today with the hiring surging, so is the stock market. on top of that we have this shocking sitdown that is being planned between that man, kim jong-un and the president of