>> great panel. thanks, everybody. have a great day. "varney & company" begins now. here's stuart. stuart: all right. thank you, maria. monday, march 19th. and good morning, everyone. it is a bad-tempered world out there. the president is angry at the mueller investigation after a series of tweets outrage at mueller. saying the white house is not considering or discussing firing him. the democrats, well, they're angry at the firing of andrew mccabe. he's gone because he leaked and lied. the democrats were offering him a job. nbc andrea mitchell tried to save his pension. and the former cia chief john brennon had a raid against the president calling him a disgraced demagogue who belongs in the dustbin of

history. and there's this from the europeans: tax america's technology companies. amazon, facebook, twitter, alphabet. a 3% tax on revenue will be presented. it's an idea. presented this week. this is how they would take money from our digital companies. and the whole world is mad as the devil at facebook. is the company acting responsibly with the information collected on millions of users? anger does not play well on wall street. this monday morning we will open lower all across the board, especially the big names in technology. of course, how we close these days, that's something you cannot predict. i'll tell you this, though. "varney & company" is about to begin. ♪ ♪ . stuart: whoa look at this. this is what's happening to your money if you've got it in the big tech names.

all of them on the downside. will you look at this? i guess it's a case of look out below. it's going to be lower all across the board right at the opening bell. all of the big techs downside. wall street journal editorial board kind of guy. is this all about that 3% european union tax on our digital companies? >> it's certainly a bad sign, and i think this is part of the downside of a delayed trade dispute. now, it may be that president trump ends up getting what he wants out of this. but the european union doesn't really need an excuse to go after big american tech companies in particular. we've seen this before. they somehow raised apple's tax bill in ireland through an antitrust claim. so i think this is a disturbing trend, and it's maybe accelerating as -- i don't want to say they have an excuse to do this because i don't think they do. but they may be taking the

pretext of trump's tariffs. stuart: okay. now, i want to focus on facebook for a moment. that stock is going to be way down at the opening bell. that would be -- i'm sorry. that's friday's close. get rid of that. it's down 4% premarket. and that will hurt the dow because facebook is a dow stock. but there you go. that's premarket. we're down 4%. ashley: people upset on both sides. and just in the last five minutes, the eu, expressing their outrage. this goes back to 2014 when an individual asked facebook for information on some 50 million users. he was an academic. a psychology professor working at the university of cambridge in the uk. turns out he shared that information with a company called cambridge analytica and that company is tied to the donald trump campaign, for the campaign of brexit. so, in other words, it was handed off to a third party.

facebook says technically this wasn't a data breach. we're be the happy about it because we don't -- and they've already banned the individuals involved from facebook. however, it's created a huge stink. zuckerberg may be forced to go to parliament. the eu says it's a gross evaluation of all the eu's privacy and the u.s. is being vocal as well. liz: it's about giving over personal information that you don't know facebook is doing; right? facebook is giving over your information to a political firm that the trump campaign paid $6 million for that info to target political ads. here's the problem from facebook. we have to keep an eye on this stock. the federal trade commission six years ago announced a did decree with facebook saying facebook, knock it off. stop sharing that information or else you're going to be hit with fines. multiple millions of dollars of fines the fcc could now hit it with. so this stock is under pressure. ashley: but the bottom line they say the originally deal done was within their parameters. it was used for academics. unfortunately, this

information that no control of after it went out. stuart: let me just wrap it up like this. facebook faces interrogation and maybe the regulation of social media and all american digital companies face -- not fivics fcc fines. stuart: big taxes in europe. under pressure. i want to get to politics. the democrats very angry at the firing of former fbi official andrew mccabe. meanwhile, the former cia chief says the president belongs in the dustbin of history. that's his words. and the president tweeted this: why does the mueller team have 13 hardened democrats, some big crooked hillary supporters and no republicans? does anyone think this is fair and yet there is no collusion? david is with us, former chief of staff to paul ryan. do you think, david, that the president would be justified in firing mueller? >> i don't think he should do it because that's not going to stop this investigation. this investigation will go on

and mr. mueller is someone people respect. i don't think it would be worth doing that, and it would cause a bigger problem. it won't stop the investigation. that won't be the result he will get. so, no, i don't think he should. stuart: but is president trump's anger at mueller justified bearing in mind that we don't hear much about this -- i mean, the unraveling of the fbi and deep state people who undermine the president and supported hillary. we don't hear much about that. it's all about mueller in the media. is the president's anger justified? >> well, mr. mueller has to be responsible for everybody on his team. and that is part of the reality here. but until we see as they move forward what they're putting together, we won't know that. but, yes, mr. mueller is ultimately responsible not only for what they do but the members of his team. so there are some issues here, which he has to watch. but at this point, once again, getting rid of mr. mueller will not stop this investigation. it will go forward one way or the other. so i think letting mueller

take it forward is probably the best thing to do right at this point. stuart: but aren't we entitled to say get on with it. >> oh, yes. stuart: all of this time on the taxpayer money that has gone take a look at this thing. do you know who come on. what have you got? >> i think we are entitled to say let's get on with it and have a conclusion here. you can go to have. some of the things they're looking at are 10, 12, 14 years back and some of the other things are after the election. so it's clear that the collusion issue, which was the start of this, there doesn't seem to be anything there, so they've gone on to other things. but it's about time that they should start to wrap this up, and i'm hoping they will, and i would hope that this would be done before the end of the summer by the latest. . stuart: the end of the summer? into september. it is now march. >> no. i put summer at hopefully before the august recess for congress. some time by july. i shouldn't have been so vague if you will.

but i think by july this ought to be wrapped up. stuart: just get on with it. >> oh, yes,. stuart: thank you for joining us, sir. we appreciate it. on monday morning. now, this is -- how about this for a headline? the president wants a death penalty for drug dealers. listen to what he said at a rally. earlier this month, roll it. >> you kill 5,000 people with drugs because you're smuggling them in, and you're making a lot of money and people are dying. and they don't even put you in jail. they don't do anything. but you might get 30 days, 60 days, 90 days. you might get a year. but you're not going to get -- and then you wonder why we have a problem. that's why we have a problem, folks. and i don't think we should play games. stuart: the president goes to new hampshire today. he'll be addressing the opioid crisis when he's there. doc siegel is with us now. what do you think? death penalty for drug dealers? >> it's not changing the law. there's already a provision

called the kingpin provision. now, the thing that has changed is that elicit drugs like fentanyl has gotten more powerful. stuart: do you approve of this? do you think that's a solution? >> i want to point out the death penalty is controversial. it's used as a deterrent. states is higher than the murder rate. the way it's used there in the united states. years waiting being served meals. look, i think he's putting teeth on the situation. that's what i like. i think the idea and the amount of drugs you have to sell is also going to change so you can be more easily prosecuted. the problem with elicit usage getting a lot worse, he's adding teeth to it. i like that. i don't know if death penalty will increase the amount of use, but it's sending a very strong message. at the same time, he plans to cut down on overprescription,

which i've been talking about and getting national effort of doing that so that doctors across the country if they're under a microscopic or flashlight. stuart: i want to go over something. opioid extreme pain. that's what they're designed to do. is there something else? another treatment for extreme pain that could be a substitute for opioid that's not addictive. is there that type of treatment available. >> yes. stuart: well, what is it. >> muffle relaxers that sometimes work. alternate treatments. physical therapy. fda is looking right now at new medications with the national institute of health that will be out over the next few years that will be much less addictive. doctors -- stuart: well, that's what you need. >> doctors need to know what they're prescribing these drugs for in the first place. did you know that a study just last week showed that opioids were no more effective than

decreasing pain than motrin. stuart: i didn't know that. but you're teaching me. obviously what we want is an alternative to a addictive substance to treat pain. >> answer we've got some, and we're making more. stuart: is the some, the alternate drug, is it as effective as an opioid. >> i think it is. i think doctors rush to opioids much too quickly without knowing whether they're useful or not. i think opioids are overused. now, we need to tell people out there there's times when they are useful. there's times when nothing else works. times. but not to the tune of 250 million prescriptions per year. stuart: definitely not. >> that's absurd. so we have to cut way down on the use. and we are coming out with treatments that are much less addictive. stuart: doctor, we thank you. >> and i applaud this effort. $6billion is being put towards this. stuart: check the futures market monday morning. we're opening up after the weekend, of course, and we're going to be down about 130

points. that's all concentrated in the technology stocks. watch them go down. rory mcilroy. he has a plan to limit the number of unruly fans at golf tournaments. stop serving them so much booze, that's what he says. how is that going down with golf fans? by the way, he won yesterday for the first time in 18 months. by three strokes, by the way. politics newly-released text messages show that peter struck was friends with a fisa court judge, and he wanted to make plans to meet with that judge in the months leading the election. is that right? and the uk says it has evidence that russia is secretly developing nerve agents for covert assassinations. ralph peters, hard critic of putin up next on that

. stuart: just came right us just moments ago. new tweet from the president. very much to the point. here it is.

a total witch hunt with massive clicks of interest. i believe the president is referring to the mueller probe of which he was harshly critical over the weekend. has just added to it with that tweet from the president. now, we have a big win as expected from president vladimir putin in russia. ashley: what? . stuart: yeah, surprise, surprise. he took more than 76% of the vote. there's a shock. joining us now strategic analyst ralph peters. now, the news this morning is the brits are accusing russia of developing a nerve agent specifically for assassinations. your thoughts on that, please. >> no surprise whatsoever. even less surprising than putin's landslide win. the old soviets during the cold war had a massive chemical weapons and biological weapons program. when the soviet union

collapsed, it shrank but didn't go underway. now under putin, it's being dramatically expanded for wartime use for chemical weapons, for assassinations, and frankly more worryings to me the biological weapons are developing. dna that's been tampered with and reorganized. so the russians are up to a lot of bad, bad stuff and the other worry is i'll tell you. russians domains with sledgehammers. their security is not as good as ours when it comes to labs and there's plenty to worry about. stuart: so he's in. putin's in for another six years. landslide victory. that's it. things are not going to get better, are they? in fact, they will probably get worse, won't they? >> well, they will. and vladimir putin is always underestimated because he didn't go to the right prep schools. he doesn't have the credentials. he's a tough guy. he has bad table manners. but, stuart, it's always been outsiders that changed the world. for better or worse.

whether it's jesus or i in nap olean. he's playing poker with a pair of twos, and he keeps winning because he bluffs us. and teresa may has responded weekly to the attack -- by the way, in russian just means new guy. and teresa may could have done plenty to her and vladimir putin in the wake of the assassination on british soil. the city of london is key for money laundering. the russian oligarchs vast amounts of property in london. you know that better than i do. either kids go to public schools in england and teresa may did nothing to hurt putin just as the trump administration has done nothing to hurt putin. teresa may with brexit doesn't want to lose more credibility

with the city of london and investment bankers. and here, of course, president trump still thinking putin's his buddy. stuart: you know, we're painting a really bleak picture of the world this monday morning. >> it is bleak. stuart: you're right. it is. there's no way around it. you can't sugar coat a putin victory when he's developing nerve agents for assassination and apparently used them already in britain. you can't sugar coat this stuff. >> and he's used them in britain before over a decade ago. i mean, this guy is literally getting away with murder. and for various reasons from our fears of russian retaliation to our unwillingness to take reasonable measures that might cost us something. putin is going to continue to get away with murder and in syria with mass murder. and if we don't stand up to him at some point, it's not going to get better. stuart: we take your point, ralph peters, and we thank you for joining us this monday morning. >> thank you, stuart,. stuart: how are we going to open up ten minutes from now?

answer on the downside. look at that loss for the nasdaq. 73 points. that tells you it is the technology companies which will take it on the chin big time this monday morning. there's an opinion piece. new york times floating the idea of higher speeding ticket fines for rich people. the more you make, the more you pay for speeding. two sets of laws. one for the wealthy, one for the poor. we're going to deal with that in a moment.

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. stuart: well, what do you say to this? a headline. a billionaire and a nurse shouldn't pay the same fine for speeding. a new york times opinion piece. let's go around the block. should thereby high fines for speeding if you're rich. >> fantastic idea if you want the government to know more about you. not just the irs, but local government knows your income. the problem here is you ought to have a flat tax. fees, fines, taxes, all of them. same percentage. everybody. stuart: a bit of a hedge. ashley: absolute rubbish. stuart: thank you. ashley: absolute rubbish. you both committed the same offense. just picking on the rich again. i'm not rich, by the way, but i don't think jeff bezos should pay $278,000 for going over the speed limit. stuart: i think we've got your point.

liz. liz: you're going to have traffic stops waiting for a tesla or porsche to fly by. we're waiting for progressive traffic fines. what next? progressive restaurant menus where the rich get charged more for the same meals? ashley: good point. stuart: not bad. higher taxes depending on living. liz: they do it there; right? stuart: by the way, the times quoted that it was $67,000 as a speeding fine for nokia executive in finland. i looked it up. it was $103,000 for driving your cherry red harley-davidson at 43 rather than 30. they fined him $103,000 for that. liz: this is the bureaucratic employment act for that. ashley: it's the happiest country on earth. stuart: a socialist legal fines system. that's what it is. come on. get real. your money's at stake in about five minutes time. four minutes time. we will open lower.

you've got to pay close watch to the tech stocks, which will be straight down. back in a second

but i'm not standing still... and with godaddy, i've made my ideas real. ♪ ♪ i made my own way, now it's time to make yours. ♪ ♪ everything is working, working, just like it should ♪ all right we have 20 second to go we're going to open this market. it will be down. for warning on that one, the dow industrials will be down maybe

100 points. but the real, real thing to watch this morning is those big name technology companies. they've got the european threatening to fine the amazon of this world. we've got facebook in some trouble about the data and how it has been using an now market is open and we are down. 65 points and the very early going, 6891 here we go. we're down 98. now 92 so 24,850 that's where we've opened on the dow jones average and by the way for our radio listeners, you can't see this. but we've got approximately 26, 27 of the dow 30 on the downside i see just one or two winners and what's it. dow is down about a third of one percent. how about the s&p 500? show me that one please. it is actually up. a fraction but it is up. now, remember please facebook is part of the dow. facebook is way down. that's hurting the dow. and all of the technology companies all in the nasdaq

composite o.c. and that is down nearly 1%. so you've got a decline this morning on a monday morning concentrated in these stocks. the technology companieses, they're on the screen now facebook is down 4%. amazon is down 20 dollars. microsoft is down is%. alphabet down 2%. apple -- a small casual if i can put it like that down just a half percentage point. what's going on here? facebook has got a problem. and the europeans want to tax america's technology companies. 3% they're talking about of imbrues revenues if you're doing business had in europe. okay, who is with me? we have -- money grab. always. you're well said that's what it is. ashley, of course, is here and elizabeth, of course, james freeman with us and jeff all of us together and a monday morning. jeff seeger the yiewrns want to charge american tech companies 3% gross revenue a money grab. >> it is absolutely a money grab and keep in mind current state

of the european union they are broke and they are desperate and they'll do anything to get revenue going after the tech companies. i can see them all sitting around, saying we're broke. what do we do? who has money, apple, facebook, google, amazon go after them. that's what they're doing and they're actually penalizing themselves. because tech companies that go to ireland, that want to be in, in a place that they have a better tax treatment, they choose to do that because they want to be more profitable it makes no sense. but nothing that european union ever does make sense. [laughter] >> there you're good on that one. rehabilitated really are. other o side of the technology coin is the problem of facebook. spell out what's their problem? >> it's a big controversy over data back in 2014, a psychology professor at the university of cam bridge got access to 50 million users of facebook to at

the dynamic of it well turns out that information was illegally shared with a fair party a company who has ties to the donald trump campaign, there's concerns that also used in the brexit campaign now company this morning says no we did not share it with the trump campaign had no impact on the 2016 election but now we have parliament saying they want jeff zuckerberg to speak to a parliamentary committee and it is brewing on this side of the atlantic that side now e.u. is weighing in as well saying what the heck is going on? facebook says we never gave this person permission to pass on that information. they said they were going to delete it and they didn't. >> all right so facebook really under pressure u down 4.5%. now overall we're down 128 points on the dow that will be 24,800 i described this at the

top of the show angry politics enormous amount of hostility anding aer in washington today. but james my question is, is that anger spilling a negatively effecting investors of the stock market? >> i kind of think not just because we've seen as you mention coming up on the second anniversary of the government -- pursuing the collusion case still no evidence of collusion. this was a story all of last year a lot of noise out of washington about this. markets shrugged is it off. i think year one of the trump administration markets were phenomenal because the theme was tax cutting and deregulation. year two i think it's not to phenomenal because the theme is -- trade fights, eu raising taxes, potentially on our tech companieses we're raising taxes on some imports. now the congress this week considering the next new giant spending bill for the year these are not progrowth signals we have aiflt great ones last year. not so many this year. i don't think it should be a surprise.

but there's less optimism. >> we're down a little bit more. now we're what -- nearly five minutes into monday morning trading session and we are down 129 points at this point. couple of individual stocks making news and moving. kroger is going to stop selling -- assault stop selling publications i should say about assault style weapons. the stock is actually up a fraction. disney black panther tops the box office the five straight weekends. diddisney, though, is down 102 r share. at&t going head-to-head with the feds. they want to buy time warner the feds say no. go. >> justice department says this gets too much power to at&t and monopoly power to raise prices at&t sayses we want to do this 85 billion deal to buy the content company time warner. you, federal government and donald trump has been against the deal and campaigned on that. he's called cnn fake news. they're going to put on witness stand ahead of the justice department and trust division

because he said before this case, about but you know problem with the deal. if the government moves this stuart this could really open the floodgates for media mergers. >> so -- >> if government loses. if government loses they lose you could see that's why imagine that netflix, google, apple, amazon are watching this case very closely. >> okay. by the way we have news that apple may repeat, about may be making its own screens. >> we'll have a little secret to manufacturing facility near their headquarterses in california. santa clara a 15 minute ride are all secretly testing out new generation microl.e.d. screen apparently brighterrer. they are making devices sliminger and not so heavy on battery, however, they're going to test it doesn't mean they'll do but see whether they can take out suppliers so bad news for samsung which provides screens for apple a large number of them companies like sharp and lg a little shaken about this because

apple trying to see whether they can take out those suppliers to do it themselves. >> with jeff seeger touch apple at 176? >> listening to ashley thinking to myself it is no wounder that apple is spending their time doing this because the innovation at apple has been so lacking. so now they're going to try to figure out how to make screens when they should be trying to puring out what is the next innovation that's going to bring him -- >> simplify their services it become so annoying to use apple itunes and all of their services they sit in silicon valley, basically doing make work for the rest of us to complicate things. it's so hard to use now. have you tried? [laughter] see the arms -- i love it. i feel that. i hear that. it's a waste of time dealing with apple now. >> old gimmick you know what as gimmick continue to be rolled out and stock continues to move up, there's other company innovating that's what the

future is going to look -- james. >> i would say maybe a political aspect to this. the once if they decide to make screens then there's a question is manufacturing coming back from asia. going to be more u.s. jobs perhaps we'll see. >> but the stock is down this morning by the way a second nike executive left the company complaint about inappropriate behavior. looks to me jeff like zero tolerance that nicki at moment. but -- >> keep in mind, phil knight wrote a book called shoe dog and in that book he said the last thing that they consider is people's feelings. and that -- might be what is happening here. i mean, bottom line is that, if, in fact, this did happen, this abuse did happen, the employees should be gone. but there's all, there's also this corporate culture at nicki and nike breeds employees from within this might be an example of it. >> very interesting. speaking of nike recovery

mcilroy advertises for nike what happened? >> he was dogged bis someone who was drunk this the crowd on a recent round in a competition basically shouting out name of his ex-girlfriend continual through the whole round. look these things happen and some people push back and say don't be a snow make it is just part of the deal. deal with it. but -- others say you know what you can't have people who are very drunk making a new for themselves because it ruins it for everyone else. >> it interrupts play. tiger woods seemed rather about about it, he was like going to get rowedty. >> so used to rowdy. >> is golf is a pretty slow sport i'm not a huge fan of dwofl. i just kicked off a lot of golf fans. the fact that people drink during golf does not shock me. [laughter] this is the question --

happy gilmore i've not been to the phoenix open but i understand this turn now, i've been told there's a ten drink limit. [laughter] maybe it's time to revisit that. i don't know. >> let's get serious two million people got off food stamps and mr. trump's first year can i call that an economic indicator and a good one? >> huge, and so important because we looked month after month small businesses trying to find employees we've been waiting for people to come into the work force after discouraged during obama years we have a great report on that in february more than 800,000 people coming back into the work force and i think this is another good sign people leaving public assistance down about 5% last year. still a lot of americans i think it's in the range of 40 million -- >> in food stamps but more of them coming back into the real economy -- >> let me push back if you're beginning to put rural american and really bad shape if you do that you should have a really

solid broadband strategy to start in your own small businesses? >> are we done? >> i think we are. let's say good-bye to james and jeff. thank you very much gentleman good to have you with us. the dow pretty stable although i should never say that. of course we're down 130 points that's where we've been for some time. next case we have the latest from venezuela gotten so bad that krpght is now it rationing power, juice, electricity, four or hour long rolling power outages across the country. we'll have an update on that for you. and a new fbi text message bombshell a fisa court reportedly had a personal relationship with fbi agent peter struck what will napolitano have to say about that one? he's up after this. ♪ ♪ i can do more to lower my a1c.

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where are we with now he asks i have to tell you down nearly 200 points that's 24,754. facebook is leaving the charge to the downside now down nearly 5% more on that short lis and yelp partnering up at the exchange lorrie tell me about it please. >> folks are just gettinger at a timed that takeout delivery seat in many cases is more expensive than food order sell. so grub and yelp are teaming up to post the ceo scale drive efficiency. now this is going to include 80,000 restaurants on yelp review site app that allow for grub hub delivery. now, grub hub did it say that yelp will get a cut and each placed through the website and there shares are way down, though, a broad weaker market. back to you. >> liflt, the ride sharing company -- testing a netflix style

subscription how would that work? >> the 30 rides a month for is the the targeting people who spend had 50 a month on lyft ride. this is a big throwdown to über. they're basically going to have flexibility in pricing talk is 60 rides for 400 so this is a monthly fee that's how much you pay for, you know, five dozen rides. >> and entirely one might work for them but different from über that's for sure. now we have this one for you as well the federal judge who presided over former national security advisor michael flynn's case last year. before he recused himself, he had a personal relationship with anti-trump fbi peter struck. this is according to text messages obtained reviewed by fox news going to give you an excerpt. rudy is on the that's the fisa court. did you know that? page tech instruct on july the 25th, just appointed two monthses ago. i did -- struck said. we talked about about it before

and after. i need to get together with him. all right, president trump new tweet first thing this morning literally a couple of minutes ago. he says this, a total witch hunt with massive complex of interest. all rise judge napolitano is with us now. u mow, since when should a senior fbi official who is actually doing all of these investigations a lot of these investigations is hillary's e-mail into -- into the election campaign, all of the rest of it what on earth would such a man have a personal relationship and try to get together with with a fisa court judge? >> well, shouldn't do it that? >> i don't think judge conhad anything whatsoever to deal with hillary e-mail because there was no prosecution so fact that fbi agent who is running e-mail investigation is friends is unremarkable when you are a, life tenure judge you develop friendships with people in the government. if i agents, police, prosecutors with if you think that

friendship is going to interfere with your objectivity you have to tell the other side. if you're not sure if friendship will interfere with your octavety you have to tell the other side because the judge not only must be impartial he must appear to be impartial. >> there was no litigation in the hillary case. in the flynn case i think i know what happened. the prosecutors walked in. general flynn's lawyer walked in they said we've agreed he's going to plead guilty to lion i'll guess they didn't know that the fbi agent to whom he lied was his friend peter struck when he found that out he did the right thing and got off the case. >> so why was peter struck to maneuver to meet? >> because this fellow struck who was the laughing stock of the fbi because of the 5,000 text messages out there with his friend. apparently is a political animal who engaged in a lot of extracurricular afnght.

there's nothing wrong with having a judge that is a friend. but the judge is ruling on your case you have to reveal that to everybody in the case. >> president is right. flat out conflict of interest. >> i understand the president's frustration here. but ab sent any adversarial thing happening part of my problem with fisa it meets in secret and there's nobody on the other side if it met in public, or somebody was on the other side somebody would have said, your honor, you see these affidavit sign must have struck been at cocktail parties with them. are you close to this person and think you should get off the case but there would be no way because nobody is challenging this stuff because it's a one sided court. >> am i right in saying that the execution to spy on the trump administration that trump campaign i should say. the excuse to spy on the trump campaign was this dossier paid for by the democrats for bit clinton campaign that was the excuse. that's the spy on trump.

>> that's not even disputed anymore i don't know anybody that can dispute that. why is all of that attention paid to the mueller russia, russia, russia collusion probe? how is he going anywhere -- >> a lot of people hate the president an he want to make his life miserable and some of the people who hate him want to make his life miserable are in the government. fnlings it has destroyed the fbi. >> why is it that the house judiciary committee is asked for a million documents from the justice department on the hillary clinton investigation and they've only gotten 3,000? why don't they drag attorney general before them and say we work for them and we have a document. there are people in the government that want to frustrate the president and see donald trump but using governmental power to do it and some of them are in his own justice department. >> okay. we hear you all right judge we'll be back in the 11:00 hour see it. down on the u dow industrials we're 20 minute intots session on a monday morning down 191.

ibm, out with its list of five technology innovations which will change our lives. over the next five years, what tops that list? tiny, artificial intelligence powered microscopes that will help us keep our oceans clean. >> yay. enough of that. you're in a mood this morning lizzy. we will discuss this with you and others after this. mom, dad, can we talk?

sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around.

>> all right, down 170 points on the dow. 24,770ibm out with tech innovations joining us senior vice president, number one on your list, and i've read it don't necessarily understand it. artificially intelligent robot microscopes that can clean the oceans i haven't a clue what you're talking about can you tell our audience in simple english what this is all about? >> so good morning stuart thanks for having us. if you think about the quality of water and the quality of air, two-thirds of it is controlled by plankton in the ocean so if you want tiny microscopes where plankton live watching and what happens to them and using ai to determine the quality of the plankton today, the only way we

look at is great take them to a lab to figure out what happens all of the e day months after it has happened. having these sign i-tiny microscopes in the ocean right next to the plankton observing them, sending signal up and having ai monitor what happens, use a much better insight and ability to much better control the water and the oxygen. >> well congratulations, sir, because i do now understand what you're talking about. that's pretty good. [laughter] ibm working on these kind of microscopic oceans to clean the oceans. are you doing that? >> we're working on the actual yes the robot forward ai devices working on that. a couple of our researchers came up with idea working with government and national science bodies to deploy them and deploying couple of dozen already and they have to scale out and as we get more and more knowledge coupled with ai it will give us a ability to control what happens and help

planet help the climate, water, the oxygen. >> i've only got time for one more number three on your list and that is the boom in quantum computing 45 seconds, make me understand. can you do that? >> absolutely. so it is going to solve problems the kind of which we cannot solve today. example, how does a caffeine molecule really work or how do you get a drug that can of cancer, what it will be able to solve these problems much faster and some cases computers could never solve these. that's why it is so excited and we made real quantum computers we have a small one on the cloud today. and bigger ones coming down the road. >> well, well done, sir that was pretty good. i have to say, any time you want to come back to explain technology too you can come back. ibm thanks for joining us, sir, much o oblige to you. >> thanks, stuart there will be more varney after this. well, it's earnings season

once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? . . . .

stuart: hillary clinton just can not let it go. 16 months after she lost the election she keeps running into trouble when she tries to explain, again, what happened. over the weekend she tried to clarify the remarks that she had previously made in india and many ways made it worse. she says the women's vote is swayed by men more so than the men's vote swayed by women. in other words, conservative women often don't think for themselves. really? don't say that to the trump-voting women i know t was a long post on facebook, very long indeed. very defensive. if she won, she would have focused on the real needs of hard-working struggling americans, that is what she said. okay. that is exactly what the winner, donald trump, actually did. wages rising, paychecks up, bonuses for millions. millions of new well-paid jobs,

a growing economy. if she had won and continued dribsist policies does anyone believe we would achieve all these fine things for the economy? no. the obama-style policies would not have gotten us out of the doldrums. clearly all the defense explanations come with terrible backdrop of scandal. as she was posting on facebook, subversive fbi activities in her support, all of that was just coming to light. democrats are worried by all of this. they have to deal with nancy pelosi's crumbs comment, that is not easy. now they're embarrassed by their failed candidate who just won't go away. dick durbin says her comments were wrong, not helpful at all. and the republicans? very happy. hillary and nancy two gifts that keep on giving.

according to "wall street journal" nbc poll president trump's approval rating is 43% and keeps rising steadily. the second hour of "varney & company" is about to begin. ♪ stuart: it is a drop of 188 points on the dow industrials 30 minutes into the session. we're back to 24,700. how about the big tech names? they are taking it on the chin. facebook is a big, big loser today, on questions of user privacy. plus they're all affected by the europeans who want to tax our big tech companies, 3% tax on gross revenues. the idea will be presented this week. it's a money-grab basically. the techies are really suffering tesla is down.

goldman sachs kept its sell on stock. the deliveries for the first quarter will be, disappointing. caterpillar is the biggest loser of all the dow stocks. it is down three bucks now. that is down 2 1/2%. don't forget about oil. no consequence of today's market. we're at $62 per barrel. the dow is down 200 points. back to my editorial. hillary clinton just can't let it go after she lost. here is part of what she posted on facebook over the weekend. there is anecdotal evidence and some research to suggest that women are unfortunately more swayed by men than the other way around. come on in brad blakeman, former deputy assistant to former president george w. bush. do you think hillary is done for politically, is that really what you as a republican want? >> no, i don't want that. i hope she is not done. i hope she continues to speak out on such important issues as

husbands telling wives how to vote. this is the gift that keeps on giving. politicians their achilles' heel when they overstay their welcome. certainly the clintons are not a political dynasty, more of a crime family or a syndicate. the more we hear from the ig at justice especially with regard to clinton emails will haunt them and democrats for many years to come. stuart: you think there is more bad stuff to come out of the inspector general's report? >> there is no doubt in my mind that is what will happen. certainly the clintons were not treated as every other target of the criminal justice system. comey promised us that would be the fact. clearly it is not. we know that by the bias of agents that had to leave. we know that by the lying of the number two in charge, mccabe. stuart: the democrats say that they raised, $10.6 million for house races just in february. that is 3 million more than they raised year before. plus democrats are back to their

double-digit lead over republicans in generic polls. should republicans be worried by those two items there, news items? >> you bet, we should be worried about the fund-raising and energization of their base. history is against the party who controls the white house. since the civil war on average sitting president in his first midterm lost about 36 seats in the house and two seats in the senate. we can't afford that we have only two seats in the senate to remain in power. and, if we lose 36 seats, then of course the house easily flips. they need 22 seats. the republicans will run on the economy's performance and they're going to run against hillary and nancy pelosi. is that a strong enough platform to beat the democrats in november? you're implying might not be? >> well, look, i hope people continue to vote with their pocketbooks. there is no doubt that america is bert off today than it was under obama and i believe, while

history is against us, performance is with us. when people go that voting booth in november, am i better off? democrats now admit begrudgingly the tax cuts are actually helping the middle class. we need to run on proactive economic and security package that is our best hope to save our majorities. stuart: got it. brad blakeman, thanks for joining us. >> pleasure. stuart: facebook a big story. they are facing a backlash over how they protect user information. a data firm, cambridge analyst he can i cans was able to access and hold on to information on 50 million users, held it for years. not supposed to do that. keith fitz-gerald, money map chief investment strategist is with us now. you say this is facebook's equifax moment. that is strong stuff.

spell it out. >> absolutely. you have a couple things going on, not the least of which facebook's chief executive officer, chief operating officer, zuckerberg, and sandberg, silent, silent. no proactive response from either of these two. data being used without permission. executives reporting selling stock into this. users are finally waking up to the fact that this entire business, stuart, is built on the voluntary assemblage of data for which it is sold to third parties. stuart: looking down the road, it looks like zuckerberg, founder of facebook, will probably have to testify before our congress or maybe before britain's parliament, and if you look further down the road there is a possibility of strict regulation of social media. that's the worry in the market. i see facebook down $10. >> yes. and i am particularly concerned about this because it is going to impact the stock which is

built again on advertising and revenue generated without its users permission. so this changes the business model. this wakens society to what social media really is. people are worried about russians spying. worried about chinese spying. in fact they contributed to the single largest most accurate marketing database in history of mankind without being compensated. stuart: data mining is the nature of facebook's business and google's business. imposing regulation of that will be a very severe blow on these companies. >> if they're using it properly, no. if they're using it willy-nilly to do whatever they want, yes. this is their nokia and blackberry moment. there are a couple different influences here. stuart: facebook is falling as we speak, down over $10. they're down 10.34. the market is down over concerns

of technology outside of facebook. there is talk of a 3% gross revenue tax by imposed by the europeans. that is a really big negative for the amazons, googles and other big, digital companies, isn't it? >> it is. it's a money-grab pure and simple. i think parliamentary proceedings over there, hey, we missed something here. we don't have any native competitors. what can we do about this? do what we do best, grab money and redistribute it. on the other hand this is kind of stuff where those companies have reserves, they have got sales strategy. i think they will find a way around that challenge. stuart: so bearing this in mind the potential new tax in europe and facebook's problems, is that enough for you to withdraw your support of these technology companies? i mean you've often been on the program saying buy them, put money into them, because they are future. are you going to pull back on that now? >> there are two on my dog list

at the moment. facebook is one of them and netflix is one of them. facebook as of this morning. netflix it is a one-trick pony we talked about. when it comes to companies like amazon or alphabet, that is still a very different picture. even apple is still in a different category for me right now. stuart: facebook and netflix, would you sell? >> i would be very, very cautious. one of those things if you got it, hold it but keep it on very tight leash. watch it carefully, because these stocks highly liquid, held widely, could get out of control in a real hurry if something goes wrong. stuart: we hear you keith. thank you for being here. big hour on "varney & company," the president tweeting about the russia investigation a total witch-hunt with massive conflicts of interest, what would be the consequences if he did, if he did fire robert mueller? we'll ask the question. venezuela, again still on the brink.

they're starting to ration electricity. later this hour vanessa neumann got back from the venezuela area. i don't believe she can go to venezuela. she will report what is going on in that area. it is getting tense. >> president trump going to new hampshire unveiling a plan to fight opioid abuse, including the death penalty for some dealers. he is leading with his guts. you're watching the second hour of "varney & company." ♪

today, we're out here with some surprising facts about type 2 diabetes. so you have type 2 diabetes, right? yeah. yes i do. okay so you diet, you exercise, you manage your a1c? that's the plan. what about your heart? what do you mean my heart? the truth is, type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke.

and with heart disease, your risk is even higher. but wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease alower your a1c. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if

you have any medical conditions. so-you still just thinking about your a1c? well no, i'm also thinking about my heart. now it's your turn to ask the serious questions. ask your doctor about jardiance. and get to the heart of what matters. stuart: we slipped a little further south. we're down 229 points, still right there at 24,700. disney, look at that stock, down a little today even though blot black panther," that is

movie, topped the box office for fifth straight weekend. it is the first movie, five weekends in a row, first to do that since "avatar" back in 2009. the stock is actually down. it is very much a down day any way. venezuela, the country has begun to ration electricity. surprised they didn't do it a long time the shape they're in. look who is here? our reporter on venezuela, the author of "blood profits." her name is vanessa neumann. >> yes. stuart: you have been to the region but you wouldn't be allowed to go to venezuela? >> no. i have been told it would be bad for me to go. i can enter the airport. stuart: we ask this question every time, how does this man, maduro, cling on to power when the entire country is falling to pieces? >> the military basically the

military is propping him up and cuba, iranians and hezbollah. stuart: hezbollah? what are they doing there. >> his number two is direct blood relative to the clan around assad's family in syria. he is a, hezbollah fund-raiser. he is one of the biggest hezbollah fund-raisers in the world. so you have operatives from hezbollah propping them up. you have money and funding and intelligence and we have like motorcycle gangs that operate like the people in tehran. they help open press the people. there is a lot of oppression and illicit financial flows and the military is still hanging on. stuart: i've given up speculating when this thing will come to an end you expect it to come to an end soon and it never does. >> no. stuart: suppose it does come to an end, how does venezuela get back on its feet in any way, shape or form in prosperity? >> only way this happens a complete reconstruction where

the a lot of money can be made. the country has a liquidity problem but great assets. it has a great balance sheet that can be leveraged. once there is a threat and there might be only one person and one original general who is still in power. everybody else is it starting to revolt against him. when the imf comes in funds it with big loans, funds reconstruction, sets up rule of law, imf will come with strings attached, that will mean american business, imf and american business will rebuild the country. stuart: that is how it works? >> yes. stuart: maduro is out, get as deal. i leave peacefully, you come on in, imf with your money. that is how it works? >> that is how we hope it works. there are talks secretly to try to get maduro out peacefully. stuart: have you ever seen anything like this in a latin america country before any can't remember it. >> not this spectacularry large,

but you have economic crises and military in control, you had it in peru, you had it in chile and you had it in argentina. the fact that you have so many international interests and iranians and cubans, the world's biggest oil reserves and world's biggest drug cartel, it is like a witches brew the likes of which we never see before. stuart: i have don't know what on earth iranians and hezbollah are doing there? >> flouting sanctions. doing it for years. doing it through the venezuela oil company which is why one of the reasons why trump is considering his next move is going to be to sanction the oil business, the oil, all the oil industry in venezuela per se. and then, there have been, and they have been trying to irk the u.s. by being in the backyard. venezuela was traditionally a u.s. ally. this is real thumb in the nose to the u.s. stuart: very prosperous place. >> yes. stuart: one of the richest

countries in the world 40, 50, 60 years ago. >> exactly. could be again. it is not only number one in oil but number 8 in natural gas. even with renewable energy, and there is hydroelectric power but there is no generators. don't get me started. stuart: march 19th today, and ma diseur row is in power. >> i know. stuart: i'm asking the same old question, is he still in power december 31st, 2018? >> i hope not. i have given up predict as well. stuart: what would happen if you did go to venezuela? you say you would be arrested? >> i've been told i would be. i've been told by people who have connection within the government, they renewed my passport hoping i will go but i would have difficulty exiting the airport. but i. stuart: you don't -- >> that doesn't mean i won't try. i might try. stuart: you don't communicate with people in venezuela in subversive fashion i take isn't.

>> of course not. that would be a bad idea. stuart: you communicate with them? >> lots of people in venezuela. i have all my friend and people very well-informed what is going on. tough have people on the inside to be able to know what is happening. so that is you know, assessing risk is the business i'm in and that is how you do it. stuart: we hear you, vanessa neumann. thanks for joining us. see you soon. >> thank you. stuart: former fbi director james comey's book, it tops the amazon best-seller list. it is actually not out yet. liz: preorders. stuart: tops the preorderlies i believe it is. after the president tweeted about sanctimonious james comey after the firing of mccabe. looks like comey is being primed to be a media darling. looks like it. we're on it. ashley: it is showboat. ♪

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stuart: you want to do a financial program in america today? you have to quote about it coin every now and then. it is monday morning. we'll quote it for you. $8690 per coin. and now this. chicago is leading the whole country in number of homes that underwater as they say. that is the owner owe more than the house is worth. lauren simonetti joins us now. how -- >> for some years from the financial crisis, 135,000 homeowners underwater in chicago. stuart: why is chicago number one? >> the job market is struggling there. some of the issues we see in chicago, we're seeing snagsly.

the three ls have gone up, lumber, labor and land. you're not seeing a big supply of homes on market. that is major national issue. go back to chicago, 135,000 home underwater. chicago is big city. new york, 87,000 under water. 27,000 for los angeles. chicago is more than major cities new york and l.a. combined. why chicago? i'm tying it to the job market. they also haven't placed policies to get people out of their homes faster. when you do that you can put the home on the market to add to supply. stuart: i'm trying to interpret this, 135,000 homes in chicago are underwater? >> correct. stuart: that means in 135,000 cases, someone bought the home, got a mortgage on it, then the value dropped below the level of the mortgage. >> correct. stuart: so they're underwater, all of this happened last 10 years? >> they owe more than the home is worth. stuart: right. >> sometimes you can't easily

sell it because you don't have money for closing costs. where are you going to go, right? where will you live? stuart: a related story, ash, the number of homes under construction, new homes being built, is that a 60-year low? >> since they began keeping records. a couple of things, reason is, land has almost doubled in price. housing regulations have gone up. there is lack of qualified labor, believe it or not. they're not making new homes. there is very few, there is record low number of homes actually on the market right now, existing homes. and, just example, there was a house, they were saying in michigan was up for sale. it leads to bidding wars because there are so few homes on the market. this one home had 16 different bidders who paid cash in the end above the asking price. stuart: it's a mess. >> three months inventory we have, that's it. housing reports this week. stuart: good store -- stories. next case, president trump calling the russia probe a massive witch-hunt.

what consequences would he face if he fired robert mueller? we'll have an answer next.

stuart: we're now down 170 odd points at 24,768. the action this morning all in those big technology companies especially facebook. it's down 5.25%. that is a huge loss for a company that size. amazon's down 10 bucks. microsoft a buck 20. alphabet is down $24. apple is down 24.1. that is a technology selloff. at&t -- the trial is starting in court. department of the justice sued to block the merger of these go companies citing pricing concerns for customers.

at&t says there is no valid legal argument. we are on it. both stocks down a fraction. twitter, reportedly preparing to block most cryptocurrency ads. it will happen in the next couple of weeks. so we hear and twitter is at $35 a share. they're following the example of google and facebook. former fbi director james comey, he has a book coming out very soon, next month actually. here is what he tweeted about it. mr. president, he says, the american people will hear my story very soon and they can judge for themselves who is honorable and who is not. joining us now, the author of, "media madness, donald trump, the press and the war oaf the truth, our very own howard kurtz. howard, i suspect james comey will be a media darling despite what he did to hillary clinton's campaign? >> you can place a lot of money on that bet, stuart. i'm looking forward to president trump's review on amazon of the

book, zero stars. it will sell a lot of copies for this reason. there is a big anti-trump audience out there that would love to hear comey's story. plus he will be on every television show in creation. you know, we haven't heard much from him, you mentioned that, a few tweets here and there, so what he has to say, anything he has to say will be news. his firing triggered this whole sequence of events landing us with the mueller investigation which the president was attacking this morning. stuart: i believe at the top of the amazon list at the moment for preorders. it comes out april 17th, right? >> proceeded orders are a big deal in the book world. stuart: money in the bank, aren't they? i want to talk to you about msnbc's andrea mitchell. here is what she tweeted about andrew mccabe who just had been fired. here it is. one suggestion from a mccabe supporter if a friendly member congress hired him for a week he could possibly qualify for pension benefits by extending his service the extra days.

i will get you to in a second, howard, i want to point out former white house press secretary ari fleischer responded with this. wonderful idea. every member congress should be, should hire fired bureaucrats who lied to an inspector general in the course of a government investigation. pensions before honesty. great slogan. howard, why is a member of the media in good standing, and she is, ms. mitchell, why is she defending a man, trying to get him his pension rights for a leaker who lied? >> well look, there is no question that most of the mainstream media are very sympathetic to and drew mccabe fired hours before the deadline before he was going to retire, minimized the career prosecutors in doj office of professional responsibility said he should be fired based on his own leaking, less than candid. we don't know. we haven't seen the ig report. when i read that tweet from andrea mitchell, didn't seem to

me she was pushing the idea. a mccabe supporter suggested this. gee, i didn't know you could do that, hired by someone else and get your pension rights. so i, a lot of questions about the way in which media have taken sides here. i'm not sure she was saying this is some great idea, somebody should do it. stuart: discount andrea mitchell for a second but would you say that the media's treatment of the firing of mccabe was fair and balanced? >> no, i would not say that for a second. look, some have pointed out, first of all he was fired by jeff sessions. stuart: right. >> the fact that there was this finding, we don't know as much about it, it involved leaking. the findings were leaked ironically in a case about leaking. that is minimized and mccabe is a something of a martyr or hero because of the circumstances but when president trump puts up tweets celebrating the fact, great day for democracy's former fbi director was fired, he gives ammunition to those who say, maybe this was political and sessions was doing

the president's bidding. stuart: has the media's treatment of president trump and russia, russia, russia, robert mueller, you know what has coming, has that been fair and balanced? >> i think it is legitimate story give enthe indictments and guilty pleas but there has been obsession with the collusion narrative now more than a year later of almost no evidence has surfaced to support it. so now we have reporting saying well, mueller is focused on things after the election. in other words, what president trump might have been doing in terms of the firings in terms of perhaps somehow obstruct the investigation. if that is true, that is legitimate area of inquiry but it means all of the hours and hours and hours of airtime and millions of words in print about the russia collusion investigation could turn out to have been not very, much ado about nothing. stuart: i would like to see apologies if that is the case. >> don't hold your breath. stuart: don't hold your breath.

exactly, howard. pleasure. thank you, sir. saudi arabia's crown prince is set to meet the president tomorrow. did the president, our guy, mr. trump, did he ask the saudis for a lot of money? ashley: he did actually, yes. let's not forget that saudi arabia was the first place that president trump visited once he became president. mohammed bin salman, the crown prince, 32 years old, is trying to revolutionize saudi arabia, turn the kingdom around into a new version. not so reliant on oil and foreign guest workers. he is on quite a trip, he is a on a mission, a real mission, to meet with the president tomorrow. he will travel across the country and end up in silicon valley he will go to seattle, go to boston, to houston to meet oil guys. we've done several stories on saudi arabia becoming the new silicon valley in the desert. microsoft is looking at setting some sort of facility in saudi arabia.

stuart: great interview with him. ashley: on "60 minutes," it was very interesting. stuart: it was very good of the turns out in 1979 mecca medina was attacked by islamic radicals. the response in saudi arabia was to crack down almost in favor of the radicals, wahhabis. ashley: all of those restrictions. stuart: that is when they stopped women from driving. that is when they banned music, cinema, that kind of thing. before 79 saudi arabia was a normal country. he wants to go back to that. he is a true revolutionary. ashley: -- liz: women owning businesses and driving. that is where the real war on women is. half the economies are held back if you don't unleash that. ashley: he is 32 years old. he will be around a long time. stuart: expropriation in ritz-carlton in riyadh, he took them for 100 billion, that is what he said on "60 minutes." ashley: 100 billion. stuart: that is revenue raiser,

ritz-carlton, revenue raiser. ashley: very eu-like. stuart: this one for you. the federal aviation administration says the number of commercial drones could absolutely skyrocket? liz a quadrupling by 2022. liz: to 450,000 drones. 450,000 drones by 2022. double number of aircraft in the united states. question what will they be doing up in the sky? it is not all package deliveries because they're not as advanced to package deliveries. it is about date, monitoring oil pipelines, crops for farmers. even prisons. so it is about that. it is recreational use has skyrocketed this is a problem for privacy. it is a problem for the faa, air traffic control. it is a problem for nuisance laws in the country. we're on it. here we come. stuart: i don't concentrate on the problem side of it. i see it as liberating. there are some uses for these things. liz: can find big foot.

stuart: you're in a mood, lizzie. liz: sorry. stuart: fascinating to me. think what you can use a drone for. surveillance. ashley: yes i'm thinking prisons. i never thought about that. great surveillance for prisons. stuart: crops for farmers. ashley: great aspect. liz: that is how it started with the gulf oil spill, right? how they started using it. stuart: is that right? ashley: great for news operations. stuart: i need my own drone. ashley: yes, indeed. stuart: check this out. starbucks continuing the trend of colorful frappuccinos. will reportedly unveil the crystal ball, a drink later this week. peach-flavored. on the menu for four-days or until supplies run out. follow the success of other limited time offered drinks like the unicorn frap and zombie frap. we give a lot of commercials. i don't know why we do it because i never tasted those things in my life. president trump going to

new hampshire today, unveiling a plan to fight the opioid crisis including the death penalty for some dealers. this man is going with his gut, isn't he? what does newt gingrich safe about that? he is next. ♪

♪ ashley: europe is targeting american tech companies with a new tax. james freeman from "the wall street journal" says that is why big tech stocks are down this morning. roll tape. >> it is certainly a bad sign and i think this is part of the downside of a trade dispute. now it may be that president trump ends up getting what he wants out of this but the european union doesn't really need an excuse to go after big america companies and big american tech companies in particular. we've seen this before. they somehow raised apple's tax bill in ireland through an antitrust claim. this is a disturbing trend and it is maybe accelerating as, i don't want to say they have an excuse to do this because i don't think they do but they may be taking the pretext of trump's tariffs. ♪ nah. not gonna happen.

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the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call for a free kohler nightlight toilet seat with consultation or visit kohlerwalkinbath.com for more info. stuart: into the gun debate. they will stop selling magazines that feature assault style firearms. no change for the stock. now this. president trump heads to new hampshire today to push a plan to fight the opioid epidemic. this plan reportedly includes the death penalty for drug dealers. joining us now, the author of understanding newt gingrich who we are all familiar with the program. newt, president seems to be going with his gut, do you agree

with that, and do you approve of that approach? >> look, i do think he is basically is looking at a huge problem. we're losing more people every year to the opioid epidemic than we lost at the peak of the vietnam war. we're losing actually seven times as many people every year were killed on 9/11. the president when he turns to something he gets very determined and very tough. he is going to propose a comprehensive program. he is going to include things like medication assisted treatment for addicts who want to get off the addiction. he will look at other steps we need to take but frankly when you realize people making a lot of money off of killing americans i think we have every right to defend ourselves. singapore has followed a very ruthless, very tough anti-drug policy and objective fact is it works. i think we have to be prepared to defend americans from being killed. stuart: okay.

now president trump is tweeting about the russia probe and special counsel robert mueller. here it is came out first thing this morning, a total witch-hunt with massive conflicts of interest. that is from the president today. newt, what would be the consequences if the president did fire robert mueller? >> oh, it would be a disaster. look, the president would be very well-advised to quit tweeting about mueller. the president has great stuff to tweet about. we have two million people leave food stamps to go to work. we have the lowest black unemployment, second lowest black unemployment next month in american history. he is helping to create jobs everywhere. he is doing terrific job of having the courage to open new negotiations with north korea. he has tons of good stuff to talk about. he does as much to make the mueller investigation matter as anybody, and he ought to just drop it, decide for the next 90

days, quit talking about it, and talk about all the good things that his administration is getting done. stuart: you can understand the man's frustration. there is no solution -- >> come on. come on. he is president of the united states. stuart: he has a club to beat the man over the head with all the time. >> fine. he is president of the united states. he is a big boy. he ran for this job. the fact that you have to ask a simple question, does it help his cause or hurt his cause for him to draw attention to mueller my judgment it hurts his cause t weakens him. is he frustrated? sure. i'm frustrated. i thought mueller would be a fair shooter. i tweeted at the time he would be a fair shooter. he goes on to hire nothing but democrat lawyers. he goes after republicans in ways that are grotesque. he has the fbi break in at 3:00 in the morning to a cooperative witness. mueller has done very strange things but i don't think it is the president's advantage for

him to talk about. he has, the president has a ton of good things to say. he covers it up by talking about mueller. he ought to talk about the stuff very positive that is happening in this country. stuart: another one for you, newt. the federal judge who presided over michael fin's case last year, had a relationship with anti-trump fbi official peter struck. i'm quoting text messages about this. rudy is on the fisk. as in the fisa court. did you know that. texed strzok. just appointed two months ago, strzok replies, i did. we talked about it about before and after. i need to get together with him. what on earth is going on here? senior fbi officials involved in these investigations having to get together, must socialize with a judge on the fisa court? is that not a smoking gun of collusion? >> well, look, all the stuff, by

the way i was very struck yesterday in an interview that maria bartiromo did with chairman goodlatte and chairman goodlatte said, they have asked for a million 200,000 documents. they have so far gotten only 3,000. that tells me, by the way, you thing you just read had been redacted for political reasons. only got it in the last couple day notice open version. everything i'm seeing tells me there really is a deep state. the deep state really is trying to protect itself. and as you peel back the layers it gets sicker and sicker. i think that it makes you raise the question about flynn's entire conviction. the apparently went to the judge using so-called steele memo which we know was a lie and a campaign document. they apparently we're trying to deal with a judge they thought they could manipulate. the whole case strikes me as more and more dubious. i think flynn has pretty good

grounds to ask for a pardon because it is now so tainted that you have to wonder how they got the conviction. stuart: i keep going back to it. i do understand the president's exasperation at the endless mueller probe. i take your point, newt. that the other side of the coin is, this vast deep state conspiracy to undermine the incoming president and protect hillary. you can understand the man's frustration. >> look, i understand his frustration, but his job as president is to rise above that and do what works, not what makes him feel good. stuart: he is not like that. >> fact this conspiracy -- stuart: he gets on his twitter account and he gets right down and dirty and mixing it up with everybody. go ahead. last word to you. >> i'm giving you my, i'm giving you my professional judgment which is, this thing is falling apart of its own weight. the mccabe firing is one piece. that wasn't trump. the inspector general of the fbi

saying this guy ought to be fired. day by day this thing is falling apart. the president should focus on things that are successful. let the thing fall apart on its own. i think by end of the year while be in a different world. stuart: by the end of the year? newt, the end of the year, that is nine months away, good lord! >> yes it is. stuart: yes it is. we agree, definitely, sir. newt gingrich is all right. we'll see you again soon. appreciate it. >> take care. stuart: coming up nevada republican danny tarkanian dropping his bid for the senate because the asked him to. he is now running for congress instead. he is with us in our next hour. i'm very proud of the fact that i served. i was a c130 mechanic in the corps, so i'm not happy unless my hands are dirty. between running a business and four kids, we're busy.

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on upcoming episode of "strange inheritance" a woman inherit as hand-carved circus. i want to know more about that jamie colby is here. a hand-carved miniature circus. >> william dickey to start is a mechanical engineer with a hobby on steroids.

he take as shingle switchblade and carves 67,000 pieces more accurate than you can imagine. seats under the big top. ashley: beautiful. >> thousands of those. all the animals with their must cue la ture. everything under the big top. he develop as lot of systems and ways to do that that make it more life like than you can imagine. larger too. it takes up the size of a tennis court. stuart: whoa. >> it gets packed up after he passes away. his daughter barbara had a bit of iffy relationship with him, he was a tough nut to crack. she decides if they take interest in the circus they get along. she does. her husband tragically passes away, seeing committed to have it set up and possibly sold. for her we arranged to have it set up for the first time in years, first time her children, william dickey's grandchildren have seen their inheritance in the flesh. stuart: got to be worth a fortune. >> wooden but the flesh.

stuart: fortune. >> it is priceless. you know where it is right now it is happy ending to the story at the ringling mansion, the winter home of the circus. stuart: jamie colby, everyone. "strange inheritance." more "varney." >> tonight. ...

stuart: i'm going to call it identity punishment. break the law, and you are fined according to who you are. an op ed appeared in the new york times this weekend and it got a lot of attention. the speeding ticket fines to be based on your income. right now, you speed and you pay this, a flat rate fine. the times opinion piece suggests something different, you speed and your fine depends on how much money you make. i think that's rather dangerous. this is the system that it has produced some horror stories, like the nokia executive who was fined $103,000 for going 45 in a 30 zone. he was driving a cherry red

harley. do you think he may have been picked on as a fine source of revenue? could be. a hockey player was fined $39,000 for the same offense. this raises some questions. do you help the poor if the rich pay a higher fine? no you don't. are we going to have a sliding scale of fines, you make 50,000 bucks and you pay this you make 60,000 bucks and you pay this and so on down the line like a progressive income tax. unworkable and frankly, unfair. could it become open season on people who look wealthy? you drive a fancy car and you become a target, you could just see some cash starved local authorities going after the bmw driver on the grounds that they need the money and the driver can probably afford it. a hefty fine and is it really fair, basically is it fair to charge unequal fines for the same offense? i don't think so. frankly, this whole thing seems like another excuse to go after

first the rich and then inevitably the middle class. i'll close with this. why is it that most americans want to get rich and they're prepared to work hard to get there? but then, when they do make it, they are hated. they get no respect and only jealous it. take it off them. i think it is the obama socialistic legacy, not good. the third hour of varney & company is about to begin. well, you heard what i had to say there about making the rich pay more for traffic fines let's bring in dan mitchell he's the chair of the center for freedom and prosperity. dan i realize that you deal in more important subjects than the size of a traffic fine, but i think there's an important principle at stake here. just because you make more money should you pay a higher fine? what do you say? >> the theory behind this, i don't find too objectionable.

the notion is that if a poor person loses 1% of their disposal income to a speeding fine, then shouldn't a rich person lose 1% of their income. on that level that sounds fair and it's not just finland as you pointed out. switzerland also has the same system however i get uncomfortable for the same reason you pointed out. local government or for that matter state government might see this as a way of generating revenue so they will specifically target people and say expensive cars and just look at what we've already seen with all of the abuse of asset for feature with local cops basically using it as an excuse to raise money. there are some reasons to be concerned oh, and by the way let's remember a lot of local government setup speed traps and if all speed limits were set at reasonable levels where they weren't trying to shake down murders then i might be more open to this kind of thing so there are tradeoffs. stuart: well thanks for dealing

with what could be an unimportant item but a lot of people are talking about it with a lot of traction. moving on i want the state of the economy. we've got 2 million people stopped getting food stamps during president trump's first year in office. i take that as a very significant sign of an improving economy. what say you? >> it is a sign of an improving economy, a growing economy. now i don't want to pretend like it's time to pop open the champaign because the total level of food stamp dependency is still much higher than it was eight years ago, ten years ago, 15 years ago in other words all the expansions and eligibility and new funding we got under both bush and obama an improving economy is helping because some people are no longer eligible or maybe they feel guilty they don't want to try to mooch off their neighbors but we still have a long way to go. ultimately i think the real solution to the food stamp issue is federalism. let states decide how to help

low income people. stuart: now look thanks for being with us dan we do appreciate it and we appreciate you taking on that minor league issue which everybody is talking about we appreciate that. >> take care. stuart: check that big board not quite the low of the day but very very close. we're down 250 points give or take a point here and there we're back back to 24, 696. big tech is what's really taking it on the chin today especially facebook it is down huge, 6.3% drop, $1 down down there's concern about how they handle user data and all the tech stock s are getting hit after the european union proposing a 3% tax on digital american companies. fox news contributor scott martin with us now. okay, first of all the overall tax, this proposed 3% tax, i call it a money grab but i think it is a significant threat to the amazons and googles of this world what say you?

>> yeah, i agree stuart. you know, i guess it's tough being at the top if you're american tech these days and don't forget they've got hundreds of millions of dollars sitting overseas in the eu, so it makes sense maybe with that money going back to stateside, maybe the eu wants to get their hands-on it before it leaves the area. here is the interesting thing. we've seen this before from the very desperate eu lawmakers. they've been going after google for the privacy breaches for years now aside from a few fines and settlements so this could be a lot of noise and talk on the forefront. we'll see how it pans out but to me i don't think it's a reason to sell american tech care. stuart: well let's talk about-face book because they've got a problem with how they use data, that user data isn't used properly, was it accessed properly, was it kept for too long on 50 million facebook user s without their permission, all kinds of data usage issues there and the stock is way down look at that it's now down 6%

back to 173. what would you do if you owned a piece of facebook stock? >> well we do, and what i'm actually doing stuart is something we talked about the last several weeks and months on your lovely show which is these are opportunities that if you've had cash in the sidelines if you want more american tech you take this opportunity to buy in because yes, i agree this data breach is a big issue and whose fault is it whether it's analytics company or facebook loopholes the data supposedly has been deleted what they tell us it doesn't change the fact that in 2017 facebook made $40 billion in revenue and had a ton of net income and the fact they have over 2 billion monthly active users. so to me that's a company whether it's down 6% today or up 2% tomorrow it's a company that we want to own in our portfolio so we're going to take this opportunity to add to it. stuart: the longer term risk is surely there will be restriction s placed on facebook and how it uses the information

that it gathers from the people who use facebook. there's an imposition on how its allowed to use that information, facebook has got a really serious problem that's the long term threat isn't it? >> it does but you know that stuff is going to get worked out and we'll let the attorneys handle that stuff but when you think about-face book and google and my goodness even twitter these days, what's the alternative? friendster? don't forget they own instagram and still have a massive market share that everybody wants they're an integrated part of our lives today so i don't think they are going anywhere. stuart: you heard it right there scott martin is adding to his position in facebook and he said that when the stock was at 173.82. let's see if you have any influence on that market, scott martin. big smile. we'll see you again real soon thank you, good stuff. here is a positive economic signal for you. new numbers show job openings hitting a record high. 6.3 million job openings as in

job listings in january up from 5.7 million the month before that is a huge expansion. a lot of them are high paying. that's professional and business jobs, transportation and construction jobs, among the most available. very positive sign for the economy. all right, here is your hourly check on bitcoin. we're at $8557 per coin as of right now, hardly any movement only up $57 that's not much. price of gold this morning where are we? sorry crude oil i'm sorry let's go with that $61 per barrel on crude and the other market gold, where is that this morning still around 1300 i believe, yeah, 1312 down just $0.30 no change and now this. president trump convinced to dropout of the nevada senate race in the name of party unity. he wanted dean heller to run unopposed and danny is with us today, and president trump goes

to new hampshire and will be addressing the opioid crisis, our judge napolitano will stand to that, and the city of loss al amitos in california might try to opt out of california's new sanctuary law, there's a vote today on it. we're on that one of course plus much more this is the third hour of varney & company. >> ♪ ♪ you know what they say about the early bird...

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because the cost of electricity is very low there but the mayor says this cryptocurrency mining uses too much power, driving up electricity for residents its gone. they don't want it there, and our next guest is the head of a fast food chain with more than 200 locations, a lot of them are in california where its becoming real tough to do business. joining usances the ceo of fat burger. you've been on the show before i remember you very well. strange name for a burger joint. fatburger. what's with that? >> fresh, authentic, tasty right stuart: now i remember. it's coming back to me. look, how do you do business in california, a sanctuary state with sanctuary cities all over the place, how do you handle the immigration issue when you're running a business that employs people in california? >> you know, it's tough to do business in california with all the legislation that comes out over and again. remember we talked about the plastic straw bill where they

were going to fine the waitress for serving a plastic straw to the customer? it's crazy but i will tell you that doing business in california you have treasury mend ic economics. our sales are up 13% in california year-over-year up 10% last year. it's such a strong vibrant economy that it really makes up for a lot of that and the real solution stuart is that you have to educate consumers about how to do things the right way and not try to ledge us late them. stuart: you're saying the economy is really strong because you're business is doing very well even though the state is making it difficult for you to do business. i'm sure they come to you. >> it is. stuart: i'm sure they come to you, quit wining here you're making plenty of money just get on with it that's what they're saying isn't it? >> just trying to make the point really that the state needs to focus on making and keeping business vibrant which is reduce the legislation. you should educate consumers spend the money there don't try to regulate them through laws. stuart: are you allowed to ask a

perspective employee are you legal or not? >> well so we're the franchise company and all of the independent operators are the employers not us but those rules are tricky right? it's really a situation that you don't want to get into in a state like this and you know it's not right. it's really not right. stuart: you really don't want to get to it on the air i can tell. [laughter] don't touch that one with a 10- foot pole but obviously it's a very difficult thing for you because it's just they're making it difficult for you. >> you know, you have to make sure that everyone conforms to immigration policies but you know when you have a labor force that's mixed in a state like california there are a lot of jobs that people don't want to do and a lot of jobs that get filled so it's really a tricky situation but it's still the law you got to conform to the law. stuart: what happened to flippy? the burger flipping robot? i understand he's been fired no longer does it. what happened to flippy? >> wow, what a gimmick right? i'll take great food and a great customer service experience any day over some sort of a gimmick

making burgers. i want an american organizer flipping and cooking my burger in a restaurant not a machine and it's not going to drive productivity. we've used technology in the front of the house to drive customers to our stores like the delivery apps and all those services but that creates more jobs in the back-of-the-house not trying to get rid of jobs in the back-of-the-house. stuart: what happened to flippy, it didn't work? >> well it wasn't for us it wasn't our chain that had it but it was a different chain and i think the customer so the employee couldn't keep up with the velocity of the burgers being flipped but come on like who needs that kind of technology in the back-of-the-house? that's not how to run your business. stuart: you can say that because it's somebody else's chain that ran it. it wasn't you that fired flippy. thanks for joining us andy i'm sure we'll see you again from california. >> next time i see you i'm going to bring you a burger in new york. stuart: done. thank you, sir we'll see you then. got it. you bet. stuart: at&t is going to head-to-head with the government the fed's anti-trust trial

starts today, both stocks down a fraction this would change the face of media if the government loses and a t and at&t is allowed to buy time-warner. look at disney black panther tops the box office for the fifth straight weekend the stock is down a buck of course the overall market is sharply lower and check this one out too a five story present house across the street from trump tower in new york could become the city's most expensive condo sale we'll tell you how much it costs in a moment. first, stocks up in hong kong unveiling this new car, it's called the l-sev, a two-seater about the size of a smart car but you can guess how much that thing will cost. by the way new low for the dow up 280 points as we speak. >> ♪ ♪ [ telephone rings ] [ client ] - hey maya.

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that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. stuart: well we are pretty close to the low of the day that's a minus 264 points as we speak that puts us at 24, 600. the individual stock that is the big name big loser is facebook. it's now down $11.86 a share

that is nearly # .5% and it is a whopping great decline for a company of that size. look at this, a startup in hong kong unveiling a new car that was made using a 3d printer, yeah, called the l-sev. the two seater is about the size of the smart cars that you see around everything except the metal parts were made by the printer in just three days and the car is expected to be available in europe and asia next year for about 8,000 dollars. >> look at the giant key on the back and you wind it up. >> [laughter] stuart: we tease this before the break five story penthouse across the street from the trump tower in new york star under contract for $180 million. if this deal goes through it will become the city's most expensive condo sale ever. the potential buyer likely won't spend much time there. he is reportedly a european invest or who owns multiple homes around the world. and there's this too. just ahead of st. patricks day, construction crews in the

netherlandss found a real live pot of gold and they were digging up a street when they found a cooking pot that had 12 gold and 462 silver coins inside archeologists say the coins were from the 15th century and at this point it's not clear who gets to keep the coins. >> the construction workers. stuart: gavin newsome the leading democrat candidate from california supporting single-pay er healthcare which would cost the state $400 billion a year believe me we'll have more on that. next, he dropped out of the nevada senate race after president trump hinted he should do that. does this mean he's a big trump supporter? i'll obviously ask him. and former fbi deputy director andrew mccabe fired, the president's angry about the ongoing investigation calls it a witch hunt but says he's not going to fire him, the judge on all of this next. copd makes it hard to breathe.

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stuart: want to bring this to your attention first thing monday morning, two hours into the trading session and we are down, i see a sea of red among the dow 30, 26 of them are down

and the dow industrials are down almost 1% that's pretty close to the low of the day. a look at microsoft which is a dow stock and it's down 2% and that's dragging the overall dow down, same story with apple that stock is down and it is also a dow stock that's down 1.2% there , so you combine some of the big losses in technology if they're dow stocks that accounts for a big chunk of the dow's overall loss. liz: that's true. stuart: as i said earlier that facebook was a dow stock it's not. liz: no it's not. but it's a tech-led sell-off. half of the decline in the s&p 500 today is due to the tech sector. it's a big deal. also they're expecting a rate hike from the fed on wednesday, and looks like there's going to be four interest rate hikes so the markets dealing with two issues right now. stuart: i'm looking for the nasdac composite which is down 130 points. facebook is down nearly $12 look at that the nasdac composite

down 1.75% by far the biggest loss of any of the major indicators. politics let's get to it, nevada republican danny tarkanian dropped his business to unseat senator dean heller, here is what the president actually tweeted on friday. it would be great for the republican party of nevada and its unity if good guy danny tarkanian would run for congress and dean heller, whose doing a really good job could run for senate unopposed. danny tarkanian is with us now. all right, danny, you do the president's bidding he tweets and you must be a big trump supporter. >> look, i come from a family and when the coach tells you to do something even if you may not agree with it you do it. he's not only the president of the united states but he's also the leader of my party. i didn't agree with his decision but as someone who understands listening to your coach i did what i was asked by the president of the united states and leader of the republican party.

stuart: okay so you're not running for the senate you are running for congress, whose seat are you gunning for, going after a democrat? >> it's an open seat, a seat that i ran for in the last election and lost by 1% in the closest race anybody in the state of nevada on the gop side everybody else on the republican side lost by more i was going to run in this seat originally but when dean heller came out there were hundreds of trump supporters that asked me and some plead to get in the race because they felt president trump needed a senator from nevada to support the america first policies so when the president of the united states comes back and says i would rather have dean heller run for the senate how do i say no when the whole reason i'm in the race is to support president trump's america first policies. stuart: now in the constituency you're running in and running for there is a strong hispanic vote in that community which will probably vote democrat i'm not suggesting that's a blanket rule, but probably that group

goes for the democrat. you are supporting president trump, you like him, you like his policies. are you running an up hill battle? >> i love this policies. stuart: you do are you running an up hill battle though in that constituency? >> well first of all the state of nevada has a high hispanic population, cd3 has less a percentage than some other places but this is all identity politics which is what people are sick and tired of. i want to talk about what's best for the people of america and for the hispanics that live here they want the same thing. we're going to talk about what's best for the american people, american businesses and future for our young kids. stuart: is nevada seeing a lot of people coming over from california, the new tax law and the regulations in california and all that stuff are you see ing a big influx of people? >> we did for a number of years until the recession and then it died down and many of them left but now they tell me that's exactly what's happening but we are seeing home inventory very

low, we're seeing a lot of thins that would indicate that the population of nevada is increas ing from californians. stuart: so you are running as almost a runningmate of donald trump in nevada. it's not a primary election you're going straight into the election correct you are the congressional candidate for the republican in that district? >> there will be several primary opponents but i'll be the clear favorite. stuart: we'll be following you danny thank you very much for being on the show >> thank you for having me on stuart. stuart: sure thing. president trump firing off several tweets about the mueller probe after deputy fbi director mccabe was fired, but the president's lawyer says the white house is not considering or discussing firing mueller. all rise, what would judge napolitano think about that? what would be, i know what you think. >> the reason that i'm -- stuart: you said don't do it right? >> the reason i'm taking in a deep breath is all the republicans over the weekend who said this would be very very dangerous if he were to do this

and lindsay graham sort of has on again off again adversary to the president said this would be the beginning to the end of his presidency so if republicans are beginning to talk that way, i guess that message is getting through. all this started with the firing of andrew mccabe on friday night stuart: yep. >> a bizarre bizarre e-mail from one of his lawyers saying i pray that the special counsel will shutdown his office or that rod rosenstein will close down his office. pray, listen i pray for everything but you were hired to be his lawyer. you weren't hired to pray for him i've never heard of a lawyer saying publicly i pray that the prosecution goes away that was responded with well just because he said that doesn't mean the president is going to fire him. stuart: can the president fire the special counsel? >> no, he would have to order the attorney general to fire him , and in this case the attorney general is out of the picture. he would have to order the deputy attorney general mr. rosenstein to fire him.

stuart: so it's rosenstein's decision? >> yes. stuart: he makes the decision? >> rosenstein is robert mueller 's boss so rosenstein appointed him and can shut him down and could replace him. stuart: just give the man some legal advice would you tell president trump yeah, fire him. >> no, no, i think that would enhance, it's tough for me to call that legal advice because this would enhance his political problems and it would not alleviate his legal problems at all because they would appoint somebody to replace him. stuart: is it possible that the president's tweets the angry tweets about the mueller probe are like come on, get on with it , show us what you've got. now don't keep this going until the end of the year. >> he's got a 10,000 piece jig saw puzzle he's not going to show the puzzle until all those pieces are in there because he doesn't know what all the pieces are until he gets them so i would encourage people to be patient but i'll tell you something you don't want to hear after the last week i think this goes well into 2019.

stuart: that's just terrible. i'm sorry. >> well it's a major distraction to the president regardless of what you think of the president it is a major distraction of the president. stuart: if this investigation were started on the basis of them thinking there was collusion with the russian and now well there's no word of collusion with the russians to affect the election. why is it, it's a fishing expedition. >> because this is the inherent, and justice scalia pointed this out it was a different rule it was a statute at the time it's the inherent defect in special counsel they keep enhancing their own jurisdiction. robert mueller's after three things. did the trump campaign receive anything of value from a foreign national or a foreign government that's the so-called collusion. collusion is a media term not a legal term. did the president fire james comey for a corrupt purpose? did the president before he was president engage in money

laundering or bank fraud. stuart: what? >> yes he's looking at that. now where did that come from? he must have stumbled on something that caused him to get trump corporation, trump organization records and deutsche bank records which was the principal lender to the trump organization in his growth years in new york city. stuart: okay look i'm personally fed up with russia russia russia , it goes absolutely nowhere and meanwhile hillary clinton the dossier, the fbi, the justice department, mccabe, strzok, page all that nonsense -- >> it's all out there. stuart: yeah. >> nothing happens. stuart: nothing happens. >> look the house judiciary committee subpoenaed 1.3 million pages of documents about hillary clinton from the doj. stuart: from 3000? >> that's it. bring the attorney general in there, put him under oath, hand him the subpoena, do your job. stuart: yes, death penalty for drug dealers? >> eric holder was more cooperative to a republican

congress than this doj is to a republican congress. stuart: death penalty for drug dealers the president will push for it or talk about it. >> we already have the statute for drug king pins its only been used once because the supreme court has ruled with the exception of treason the death penalty may not be applied except if the defendant personal ly caused the death of someone or directly set in motion a chain of events that he knew and intended to cause the death. that is very difficult to prove. if the president spoke with federal prosecutors and dea agents they would tell him there are far more cost effective ways to address drug problems than the death penalty. stuart: well i guess the president is relying on the factor that if he stands up and says you're going to die, you'll do this it would deter people from doing this. >> that's the president's view. stuart: okay, judge thanks. i think we've got some level of agreement sort of. >> yes. stuart: oakland's mayor is under

more scrutiny it was revealed she worked with illegal immigration activists before she warned the public about impending ice raids. she contacted activists to find out which employers or what employers should do in case of an ice raid and she also talked to a catholic priest about possibly sheltering illegal immigrants if needed. stay on california the city of loss alamitos votes today to exempt themselves will they vote yes or no to exempt themselves from the states sanctuary city law the vote takes place today. more california stuff, the leading democrat candidate for governor, gavin newsom supports single payer healthcare, which would cost the state $400 billion a year. yes, don't you love it? >> where are they getting that do they have their own printing

press like the fed's do? stuart: more varney after this. >> ♪ ♪

>> i'm on the floor of the new york stock exchange with your fox business brief getting flustered with the rising cost of takeout food delivery and in an effort to lower that it is expanding its partnership with y

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stuart: to the town in orange county, california which is challenging the state sanctuary policies, the town is loss alama tos, that will vote on whether to exempt themselves from the sanctuary law. jim brolty is with us chair of the california republican party. do you expect other towns to try to do the same thing? >> i would think so and it will be really interesting to see how the california attorney general reacts to that. the california attorney general along with democrats in sacramento believe they can ignore any federal law they want let's see what they do if a city decides to ignore a state law. my guess is they'll sue that city to enforce the state law. stuart: there's an illegal

immigrant who has been appointed to a statewide cost in california, her name is liz beth mateo, will advice the california student aid commission, she will get some expenses. what's your reaction to an illegal holding a state position concerning student aid? >> well the fact of the matter is the democrats in sacramento view this almost as religion. they spend a great deal of time trying to take care of people who were here illegally rather than focusing on people who are here legally. they provide healthcare for people who are here illegally. they provide college income scholarships for people who are here illegally. now out of 34 or 35 million californians who are here legal ly they can't find a qualified california an to fill this post, so they decide to find someone whose here illegally. this is becoming a religion for the left in california.

stuart: well can i say this and let's see what you think. the religion in california is that hispanics vote democrat so you maximize the hispanic vote to maintain democrat supremacy at the state of california for eternity. that's what's going on. >> well i think that's part of it, but you also have people like kevin deleon, who are running against dianne feinstein who understand where the left wing of the democrat party is. stuart i'm glad you're sitting down because if you were standing up you'd probably fall down when i say this but when you braid on the curve, jerry brown is the most conservative elected democrat in sacramento and that's just astounding because there's no universe in the world where jerry brown should be considered the most conservative anything. stuart: and yet the democrats are running away with the elections in california and will influence the democrat party nationally, and nobody stops it.

>> absolutely. absolutely the demographic changes that california was on the leading edge of are now affecting the nation and we republicans are having trouble moving into communities and talking about issues that people care about. there are issues that move voter s but so far, the dogma of the democrat party seems to be appealing to the fastest growing voter groups in california and the fastest growing voter groups in america. stuart: jim while you're on the air you probably can't see it but our viewers can we're now down the low of the day of the stock market down 300 points, technology stocks really falling out of bed today. jim back to you. gavin newsom leading democrat for governor in the election there. he supports single-payer healthcare. i've seen one estimate that says single payer in california would cost the state $400 billion a year. any comment?

>> well gavin newsom ran for mayor of san francisco as a conservative but ever since he's been elected to office, he basically has good hair, no record, and runs for higher office. when he got elected mayor of san francisco he started running for governor of california. if he's elected governor he's going to run for president. the base of the democrat party in california are bernie sanders leftist, gavin newsom supports single-payer healthcare and let me put that in perspective. the entire general fund and special funds not counting federal funds of california the entire budget is about $180 billion a year. single-payer is $400 billion a year, so under the newsom plan after you take the entire state budget and stop spending it on what we spend it on take that 180 billion you've got to find another 220 billion to fund single-payer healthcare. it is a crazy idea but gavin newsom is full of crazy ideas.

stuart: and yet gavin newsom will likely win let's not forget that. thanks for joining us sir much obliged to you got to check that big board again we come back a little bit we were down 306 now we're down 288 that's still over 1% and now this. live in our studios new york city, the legendary, wait for it , the oak ridge boys. liz: wow. [applause] stuart: all right, all right, stand next to me, make me look good, somehow or other greetings one and all back in a second. >> [applause]

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you'll be able to choose any doctor or hospital that accepts medicare patients. whether you're on medicare now or turning 65 soon, it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. stuart: well, well, well, look at them all lined up here. see these guys? they've sold millions of records and they won multiple grammy awards members of the country music hall of fame. they've got a new album that's one of the reasons they're here just one of them. it's called 17th avenue revival and look whose here they are the oak ridge boys. >> hello, stuart. >> good morning. >> we'll pick you up that political financial stuff real quickly. >> [laughter] stuart: you've been around for years and years and years, but i

haven't got a clue what your politics are. >> us? stuart: yes, you. >> oh, our bus rides a little bit to the right. stuart: but it probably doesn't know that. >> some do some don't. >> we don't take it to the stage stuart: keep it separate is that one of the reasons why? >> that's an individual thing and i'm an independent myself i vote for the person. stuart: okay, okay. any democrats here? >> no. >> [laughter] stuart: no, not even close. so, you've been around for literally decades you must have been because i've known you from my childhood and -- >> the original oak ridge started in the 40s where they were working on the atomic bomb the only guys allowed into entertain those sequestered and the group morphed in the 50s, and dwayne allen joined in 66 and richard our bass singer in 72 and i joined in 73 i'm the new guy.

stuart: really so you're not the original oak ridge boys? >> no. stuart: you're all replacements but you carried on the tradition >> we've been singing together for 44 years. stuart: it's country music right >> country, gospel, little rock edge to it in fact this whole new album is kind of a unique project for us creatively because our young producer dave cobb wanted us to explore the early gospel and early rock and roll at the same time and what we ended up with is early rock and roll influenced gospel. or it's meshed together. more an attitude than anything. stuart: here is one other reason why you're on the show. one of you has a wife who is a religious watcher of this program. >> it's my wife. mary. she's watching right now stuart and she loves you man and she's so concerned about her facebook stock today. stuart: [laughter] rightful it so. what's so special about 17th avenue revival what is it? >> well the historic rca studio

a is located on what was 17th avenue south, and that's been renamed, but we restored and we saved that studio, a bunch of us signed petitions went to meetings, kept it from being turned into an apartment house and we saved studio a and our producer took it over and now he produces people like chris stapleton and many of the hot artists today and david cobb is the hottest producer in nashville. stuart: the bass voice i want to hear it. will you ever quit singing, will you ever quit the oak ridge boys >> we have no plans to retire. we're not the young kids on the block any more. stuart: oh, listen to you. i'd give my right arm for a voice as deep in bass as that. >> you know, if it weren't for this voice i'd have to get a real job. stuart: wait a minute. >> you know if it wasn't enough voice i'd have to get a real job

>> i know you've never heard of it before. stuart: [laughter] >> you think i'd do that on tape >> the oak ridge boys and stuart stuart: of this is elvira, is this what we're hearing? okay on the way out watch out for this new album coming up are we going to play you their greatest hit, right? listen. it's good. >> thank you. stuart: more varney after this. more and more people have discovered something stronger... more dependable... longer lasting. in a chevy truck. and now, you can too. see why chevrolet is the most awarded and fastest growing brand the last four years overall. current competitive owners can get a total value of over eleven thousand dollars on this silverado all star when you finance with gm financial. find new roads at your local chevy dealer.

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stuart: now i want to see neil, can we put him up on camera briefly here? thank you, neil. there you are. i just want to explain that i have had a few lessons in the last ten minutes on how to speak with a real deep base voice. gentleman right there on the end is giving me lessons. not charging me any money for it. i think i could do quite well if i had a voice like that.

what do you say? neil: i don't think you could. with or without that voice but, it is a goal. they are all amazing. absolutely amazing. >> they are great guys. they really are. >> hi, neil. neil: keep their ego in checks. that is the quality i love about us, we're that way too, stuart. is my hair okay? thank you, guys, you very much. this is not what is so best for you or good for you right now a lot of selling going on. we're at session lows. a lot of this first, you can hear on facebook. it is news right now. that, it was getting some data on 50 million users some years back through an intermediary. a lot of folks are just finding out about that right now. that and what is going on in europe considering taxes on twitter and amazon and google amounting to 3% of their revenues. it's a one-two p