>> instead of going on facebook and liking some hillary clinton meme that your mother posts, call her on the phone and tell her you love her. maybe this is a warning sign that the relationships we've developed a minor not the healthiest. dream to good point. wishing everybody out there a happy easter. dakin has you covered tomorrow. stuart: happy easter. good morning to everyone. you've got money in a technology company. you want to know if regulation is on the horizon. it sure looks like it. regulation looms. what form when it might take a fact we don't know, but the momentum is there to rein in technology giants. that is what has caused the massive drop in technology stocks. here we go, start with facebook this morning. it is up a little taking modest steps to get out from the data mining scandal. the stock remains way below january highs.

excuse me, i've got something in my eye. ashley: i thought you were winking at me. tree into amazon is down again. the white house is still looking at ways to rein in its ever-expanding power. president trump moments ago treated his complaints or amazon. the stock remains way below its january highs. take a look at netflix in the newsroom. very different reason susan rice to join the board. she was present she was president of him as national security advisor and famously blamed a video for the benghazi attack. ironic that she is now joining a video related company. previously, mr. obama agree to do specials for netflix. the stock is up this morning. president trump will refocus on the economy today. he is leaving the swamp, off to ohio addressing the union crowd which should be very receptive to him pounding the table for his growth agenda.

thursday, march 29th is opening day. the earlier start to baseball in years. "varney & company" is about to begin. ♪ here is where we open this morning. up a huge momentous rally, but we will be up across the board. the nonstock with the technology stocks of 37 points. not bad. half a percentage point. we'll take it. how about the big tech names. they took a hit yesterday. not much of a balance back and squinting because i've got something in my eye. microsoft outcome a-alpha bad up, down again. the text still in the news. ask leo's is a news website. they reported that the president is obsessed about going after amazon. president trump just we did

this. i have stated my concerns with amazon long before the election. unlike others come and they pay little or no taxes to state and local governments amuse or postal system, delivery boy, causing tremendous loss to the u.s. and putting many thousands of retailers out of business. joining us now, axios reporter amanda fisher. after your report from amazon stock took a nosedive and after today's tweet it is time and again. i think the president must go after the president. >> remember the bureaucrats in charge for antitrust for anticompetitive behavior in the united states of the department of justice. they supposed to act independently here it will be seen now with the at&t cap corner trial is a lot of rumors that the president has been trying to influence what this independent body aches and does. it will be up to the doj to

determine whether or not any anti-competitive penalties are put on amazon. tree into what ever way you think is going to go. i know it's supposed to be independent. >> of course congress could pass legislation that would require restrictions. you remember the marketplace fairness act 2013 where they were trying to impose internet sales taxes on amazon to give a more equal footing with brick-and-mortar shops. again, that is a harder way to rein in a massive company. he would be to somehow get the doj to take action on amazon. it doesn't look like they are trying to prioritize that. >> market watcher john layfield has been listening to all of this. the access reports yesterday in the trunk statement. do you think this administration is going to go after amazon? >> you don't have much case. this is not standard oil.

they have about 5% of retail sales right now. hardly a monopoly at all. he had 78 other retail stores closed last year. 6100 closed at the height of the recession. going after amazon, this is simply the future. the president is chasing windmills here. trade to successfully bring the stock price down 60 fax yesterday. $200 below the high. >> you think fdr with the mission after the banks. anytime you have a politician, with less approval rating menu come and they go after the big tech companies. without amazon come in the post office is best. the post office made them if i'm a lot more than amazon needs the post office. stuart: will john layfield died? >> i want to see what happens. i just don't think it could have

been. stuart: got it. from amazon, let's switch to facebook. they will and ad targeting partnerships that data brokers and apples chief, tim cook is lasting zuckerberg fate we chose not to monetize their customers. alaska the same question. is regulation coming to facebook? >> i think it is. especially in europe. not going to testify in front of the u.k. parliament. you don't want to go there with those guys. they are very sharp and very glib and zuckerberg does not present very well. he does a great job building one of the greatest companies of all time, but he's not a great communicator. i do on facebook. i've owned it for some time. i would not buy it here because regulation is coming to europe first. stuart: i want to get to the latest cabinet shakeup.

david schulkin is out. lonnie davis is in. he slammed mr. trout appeared in recent months the environment in washington has turned toxic, chaotic, disrespectful and subversive that it can be difficult to accomplish the work our veterans need and deserve. back to sarah fisher, axios. he was not happy what is he? >> he was not. they have been crying disarray for a long time. so have people on capitol hill. it's always tough to get things done. this one was personal. a lot of people wanted to va from the trend administration privatizing. shulkin has a strong perspective and that's what he points to. >> the president wants radical change privatized. the va at the moment discovered

that care, pure and simple. he wasn't on board. that's the nature of the dispute. >> that's exactly the nature of the dispute. he cited that say i don't know necessarily that's the best thing for veterans. we've done a good job providing health care through the government. i don't think that's the right thing. the trend administration is trying to point to kerry the benefit of the people that would work with them more and benefit from it. i don't think that is something he's very happy about. true to you to resources in the white house and i'm glad you shared information with us. sarah fisher, axios. >> thank you. stuart: nissan and reynolds are in talks to merge. so why. >> i've never seen a rental car in america. ashley: what is interesting is he is here to transmit the dead

sea scored figure out how this thing is put together. renault owns 43% of nissan. nissan owns 15% of renault. the bottom line is vital we just completely combined the entities, have one stock ticker chew trade on. and by the way, they estimate they could save 6.4, close to $7 billion. >> production capacity for cars in europe and elsewhere. that's what's going to happen. tough luck, lots of headaches lately and the stock is way down from its highs. john layfield still here. we've got a fund manager who says tesla is months away from total collapse. woody make of that? >> a lot of the talk is what could happen if tesla does have some type of finance for prices which certainly looks like they

are heading towards what to do for the overall market. the black cloud that could happen sometime this summer. i don't know how we get out of this. >> a ridiculous rate per second and they can't produce the cars. >> they've got a great car. >> you hate because he took america back to the front of the space race. right now is having a hard time building these cars. >> 257 was the close yesterday. close to 400. how about that. open the market thursday morning on the upside. not a huge gain, but a solid upside move. can i put it like that? more diplomatic progress with north korea. it is official kim jong un will meet with south korean president next month.

leaders in the two countries have met twice to other times the korean peninsula. the latest legal drama in washington. new report that president trump's lawyer floated the idea of presidential pardons for michael flynn and paul manafort. judge napolitano says that trumps follows through with those pardons it could mean the end of his presidency. dramatic stephanie joins us next. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade.

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stuart:'s strong numbers on robust nintendo switch sale. the nintendo switch is a game console. is that right? sales and profits at corona. the maker of corona have countless brands under that umbrella doing well. the stock up 4.5%. uber reaches a settlement with the family of the woman killed by the self driving car in

arizona. >> this was very quick to say the least. 49-year-old alain hertzberg and we've seen that dreadful video. an attorney representing the woman's daughter and has been says basically days. the matter has been resolved. no details on what the settlement was in no further comments will be made. this is being done quickly, pushing aside or the investigation how this happened goes on. stuart: that doesn't settle liability issues. ashley: the family at the vic. stuart: i'm making a presumption, i do not know. a lawyer for president trump reportedly floated the idea of pardoning two come in maybe three former geysers. michael flynn, paul manafort enriquez. judge napolitano is with us now. i misquoted you. senator lindsey graham who said you offer those pardons and it's the beginning at the end of the

term presidency. would you agree with that? >> i agree it's a statement like that comes from lindsey graham, it is representative of a broad across the isle senators who would believe the president would know if it's true or not was pardoning people in order to prevent them from testifying against themselves. the pardons would be lawful, but that itself could be an act of obstruction of justice. i don't know if john dowd offer these pardons. we believe you did. we also have our own sources on it. so it would depend upon that it's almost impossible to prove what was in his mind. so the president is taking pity on you. you are his friend and former colleague. he believes you are being wrong and prosecuted. perfectly lawful, absolutely appropriate and unassailable. if the purpose of the pardon was to interfere with with their

spilling any beans about the president to bob mueller, the buried off for itself could an obstruction of justice against john dowd. this could be catastrophic for the president if one of his former lawyers got in the crosshairs of special counsel. stuart: look, most of our viewers and myself included are confused about all of this. all of these names, what they did, where they are coming from, what they're supposed to have done. we don't know what a nurse going on. i'm asking for an opinion here. not a fact. do you think there is something there which is an impeachable offense committed by your president will take them out of office? >> i don't know the answer and have used this analogy before, but the 10,000 piece jigsaw puzzle and some of the puzzles were some parts fit together in clear and other parts that are not. only one person has he not

possible. stuart: moehler. >> we don't know what he has said what he doesn't have to be tipped his hand in a tantalizing way tuesday night when they documented his sentencing memorandum on the swedish lawyer who pleaded guilty to lying to fbi agents alexander vander starr whose father-in-law is a russian oligarch ended the post circle of vladimir putin. and the sentencing memorandum, we have learned from two witnesses person a is a russian intelligence agent who spoke to the campaign regularly in the fall of 2016. why would i've moehler been revealing not and why would he reveal it to someone else? to address the no collusion crowd. that there is a little something there. i'm trying to answer your

question. i almost have to read tea leaves here, stuart. i wish i had the whole pile in front of me and explain it to you. we will know all of this. stuart: at the tv then you read it. thank you. we'll see you later. check the futures. where are we going to open the market today after the dow was down nine points. 80 points higher for the dow in a solid gain for the nasdaq, too. susan rice, president of him as national security adviser, the woman at the heart of the benghazi scandal has a new job. she just got appointed to the board. netflix, how will that go over with investors? we are on that story, believe me, after this.

retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.

stuart: in the year 2018, no financial broadcasts would be complete without a pickle end quote. $8558, same as yesterday. more money coming out of the watchmaker murano. investors like that. i don't know anybody who's invested in the stock. the stock is up 12%. netflix names susan rice to its

board. remember her from the benghazi scandal? why is netflix recruiting susan rice? ashley: she was ambassador to the u.n., rethinking the ceo of netflix as this. for decades, susan rice has tackled difficult complex issues with intelligence, integrity -- as we know the benghazi affair was blamed on the video susan rice. do without which he will. stuart: the caustic comments for netflix. >> i think it's safe to say if you're worried about being regulated by republican administration, why would you hire her one of the most all right democrats in recent history. ashley: to continue that, barack obama will be doing something

with netflix. his administration has a big impact. stuart: i see these prominent business people. i disagree with their politics completely. jeff bezos, for example. elon musk, tesla. don't like the guy's politics. what a company. would not renew her ears. >> you built the electric charging infrastructure himself. he took it to the front of the space race by himself. he's done incredible things for america. >> politics are different from most people. stuart: this is a safe country. there's room for everybody. >> were glad to have elon. i hope he doesn't go bankrupt. stuart: five minutes from now we will be up approximately 90 points. in a scheme for the nasdaq as well. the s&p pretty good game, too. 10 points higher. let's see how things actually transpired at 9:30 eastern time. stay with us. we will bring you to the opening

bell.

stuart: am i alone in this world having never heard of eight nevada watch? am i alone? [inaudible] [laughter] stuart: i don't worry watch. i haven't worn a watch in

decades. it is all about me. stop it. it is all about me. 10 seconds. that was pretty good tap dancing. five seconds. thursday morning, payday. we've got 930 clock eastern time. where we going? right out of the box up 100 points. 104 points. 23,952. 114 points. how about that appears in pretty good economic numbers this morning. jobless claims down to a 45 year low. a strong increase in personal income in the spending wasn't too bad either. pretty strong economic numbers in the dow was up 120 points in the first couple minutes. s&p 500 up about a half a percentage point there. show me that nasdaq up a half percentage point. this is a broad-based rally.

how about the biggest of the big tech stocks. where are they now? all of them up except amazon. we are going to detail this in a moment, that amazon is under attack again by president trump and it's showing down 18.. microsoft, apple, alphabet, facebook, all of them on the upside. historic day. john layfield is here come ashley webster is here. let's get serious here. president trump is obsessed about going after amazon and the president treated about it this morning. that stuff comes down. >> absolutely. great thing for the president to attack you because you're a competitor. not so good if you're a consumer. what they've done with digital resolutions, that brought prices down. but if you put a tariff around amazon, that's going to help the ones who are slow to digitize.

what could allow alibaba to get his nose under the tent? we don't like china. stuart: you don't want to touch it. >> i don't want to touch it. >> i don't think you can touch it with the true antitrust. jeff bezos is one of the worst impose. this seems like a personal vendetta. >> it is free market. they've beaten the competition. simply outplayed them. shouldn't be punished for that i don't think. stuart: let's go to the amazon effect. big-box warehouses are now worth more than office buildings. >> you think of the warehouse, the old dusty places doing nothing. those are not would warehouses are today. i had today. high productivity with e-commerce. you had the conveyor belt, putting the package is a way. this is the nerve center of what commerce is today in the space is valuable. as soon as warehouses are built, they are immediately obvious.

not enough available. >> good story. didn't see that coming. couple years ago you would've written them off. now they are worth more. apple's chief tim cook blasting mark zuckerberg. cook says we chose not to monetize our customers. do you think regulation is coming to facebook? >> absolutely. tim cook laid out $1000 for the iphone 10. so it's coming in two ways. one is when people post on facebook, and they need to know what facebook is going to do without. to the extent we don't know who's advertising on facebook. is it politically motivated? they should be under the same rules and regulations broadcasters are. >> when regulations come to facebook, while the stock go down? >> i think it will. it will change the business model. stuart: lots of headaches for

tesla. one hedge fund manager can we do with this a few minutes ago. tesla is on the verge of collapse. john, what is that about? >> the worry industry right now something happened to tesla and what that does to the market. i'm a huge elon musk fan. these numbers simply don't work. i don't doubt you want gets out. he's done it before, but i don't know how it does it again. stuart: he can't produce enough cars to meet demands. >> an incredible product but he can't mass produce it. >> following up on john's comment. 1% inspiration, 99% perspiration to be a genius. we need more perspiration from elon musk and bring some cash flowing. >> of the dust collapsed in god for bid, who would come in to pick up the pieces? he just couldn't deliver.

>> solar city, giga factory. the most incredible giga factory change in the world lithium battery. >> someone will appear the question is will elon give up control? stuart: a lot of people have invested. it goes way, way down it would be significant impact on the overall market. look at this. check the big board we are up 189 points. 190. 24,035. a couple stories here. a couple days ago suspended self driving car and public roads does not bounce back significantly. robust nintendo switch sales, a game console. nonetheless, the stock is down 10%. the pdh which includes tommy hilfiger, calvin kline, higher sales and stocks up 6%.

constellation brands held by one of its brands which is corona. that is a huge conglomerate with all kinds of alcohol companies under the umbrella of 2% this morning. more money coming in. watches. who knew. wait a minute. you bought the stock? >> there is no debt. it's a strong family-owned business. we didn't think it was going to go to way. >> thanks for informing me. i'm not a loss. is it an american company? >> it is. new jersey. couldn't be more american than that. stuart: of losing control. i really am. on opening day. ge, you were a true believer down to 13.

>> the 13th most sales in the country. 120 billion a year. if they got a price of three, $70 stock. all the options in the world to keep it together. it moves forward. what they have to come in the "nuclear option" i blew the and health care divisions alone would be worth more. trade you got it, you own it and you ain't selling. >> still the best in the world. [inaudible] >> i am the stock. however, i am the stock in 18. >> i've heard of ge. stuart: this is a great story. big government big ratings for the rows and reboot. she is unapologetically pro-trump. i think she got 18 million.

tranter at abc's best in the timeslot. trades where wonder if other tv and movie operations are going to fall in line and be a little less critical of president trump is that of a cultural change for the entertainment. ashley: if they saw these ratings, it might be worth a try. stuart: it's remarkable. my unique sitcoms. i saw some answer. it was well-written. very good. stuart: i love to see that. i will watch. more politics. president trump pushing its infrastructure plan today. pushing it hard. i don't think this will do anything for growth, but it will refocus the president on the economy. >> i agree. this unlike eisenhower building the system. this doesn't open in commerce. you try to repair potholes and rose dirty exist in laguardia.

they will bloom the debt significantly. >> a lot of infrastructure stocks on the screen in all of them are at today in the president will be pushing an infrastructure package when he gets to ohio. has it gone like that already? i've got to say goodbye to layfield and deeds. the movado guide. thank you very much. check the big board. an overall view where we are this thursday morning. we are up about .71%. that is a healthy gain. 160 points to the upside. this could be a big breakthrough. could be in the fight against cancer. a new chemo three cancer vaccine shows some real promise. human trials underway. dr. deepak chopra on next to show us how it works. the spending bill that has more than a billion dollars for the deficit. republicans are now pushing a balanced budget amendment.

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stuart: nice skin for the dow first thing i thursday morning. now we are up 160 points right there 24,007. bowling hit by the want to cry virus. tell us what happened here. >> that sounds like an awful terrible headline. the stock is not reacting at 1.3% and that is because it was minimized by boeing unlike 2017. when it took over windows and if it was on one computer it was

all the computers on the network asking for random. boeing basically said they've done their assessment. the vulnerability was limited to just a few machines. there is no interruption in the 777 program unlike some of the reports. those were not true. military and services units not affect it. it seems to certainly be contained unlike what we saw last year. stuart: glad to hear that one. thank you indeed. as you know, facebook trying to get out in front of the data breach scandal. another tool here, firefox has a tool to make facebook -- keep facebook from tracking you online. how does that work? >> the internet browser option you can use. basically they are giving you an add-on feature. when you install this, what it does is delete your facebook cookies and the threat of the social network. when you log back and come

you'll be opening what they say is a blue colored container ban. any external links you click from within the social network from then on will be in this new browser tab, which is not connected to the facebook session. it all comes down to it will build to stop facebook ad trackers from following your activity through your facebook profile. when you go to third-party sites and share with facebook, they won't work because they are stopping the truck ability of facebook as you operate outside of the facebook. stuart: they are trying to get out front of this problem, taking steps. the stock is not recovered at all. >> that's the big thing. and a sense of privacy remarkable. >> house republicans are going to consider a balanced budget amendment. let's not forget, they added

more than a trillion dollars to the national debt over a couple years of the spending bill. congressman tom reid, republican from new york. congressman, this looks like an attempt to rectify the gop's position with voters before the november election having made a mess of the spending bill. is that what's going on here? >> is a voted against the budget agreement and spending bill, the dead is the issue of how they address it from a political perspective may be the case. at the end of the day is more substantive than not. you are talking about a balanced budget amendment to get our house in order. these guys won't do it. stuart: i don't know what steps you've got to take to pass a balanced budget amendment of the constitution. but it is a decades worth of work. you know that. it's not going to pass. >> i agree. we can obviously start the process, but we need to do better in a short-term basis. that's when the voice for fiscal

sanity and traditionally housed a document with the folks to recognize the debt crisis is upon us and the national debt of $20 trillion has to get under control. we had an opportunity to do it on this pending sidedly failed. stuart: congressman, you are the house and means committee. i want to talk about tax cuts round two. we are told it is going to make permanent the individual tax cuts. kevin brady tells us. what else is on the table? >> obviously as he went through tax reform into the rollout of the bill they need to be addressed, but fundamentally, the tax cut is about locking in this individual rates. i say look at it, we agree with you. we should make this permanent for individuals across america and the argument they are making that they will stand with us to protect individuals, let's hold them accountable and mouse

didn't attempt to protect individuals because i care deeply of protecting their pocketbook. stuart: are you going to come back a little bit on salt? >> of the conversation being from a state that i'm open to have been willing to have been so glad we got the $10,000 limitation. if we can build off that, i'm open to the conversation. stuart: how about the tax deduction which used to be deductible, but no longer is in killing a lot of people. >> stuart, i'm having to go in and out on the feed coming in my ear. as we go in the tax cuts, everything is on the table and should be on the table but fundamentally we have to protect those individuals. should be a bipartisan win. let's get that through the process and signed into law by the president of the united states. tom reid, we appreciate you being with us. where are we now at 17 minutes into the trading session and a rally holding up 140 points on

the dow industrials. another shakeup of the white house. david shulkin now. the president's personal doctor in. army veteran pete hegseth on that next.

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>> suggested that could be related to dentures. >> the president has none of any kind. >> i think for the remainder of this term and even for the remainder of another term if you select it. i told the president if he got a healthier diet over the last 20 years. i don't know. [inaudible] >> drug addiction? no, he has no drug addictions. stuart: who could forget that press conference. it went on for an hour. that is the president's doctor, ronnie jackson. he was there speaking about the president's health. mr. jackson is nominated to replace david shulkin is the new ba chief. "fox and friends" weekend cohost pete hegseth. shulkin out. i think is out because he didn't move fast enough on any privatization. >> private choice as opposed to

privatization. critics will say the president wants to privatize the system. he simply wants to give it a choice to see a va doctor or see a private doctor if they deem the private doctor to be a better alternative. david shulkin is to defend america against drum. he became a secretary who was there to stop all of these political appointees and a president who wants to give real choice to veterans. he got in with the swamp, and with the unions and ultimately became hyper defensive end was doing a lot of doublespeak. you would tell him one thing. i'm going to advance and then you go to the next group and they don't worry about it. we will block the real reforms from happening. i think dr. ronnie jackson has a great opportunity to restore the healthy relationship, empower political employees and appointees who believe in the agenda and go for a real option for veterans.

that would be the moment to do so. hopefully he's up to the task. stuart: can we put up on the screen an excerpt from what shulkin said in "the new york times" today. i don't know whether you read this op-ed. in recent months, environment in washington has a chaotic disrespects aversive that it became impossible to accomplish the important work that our veterans need and deserve. he was unhappy, was it? >> no, said the guy who took trips and wimbledon tickets and a lot of the stuff you shouldn't have. to me the toxicity he created because he went to war with the very political appointees who believe in what this president is trying to do for vets. they got the accountability bill through, the transparency of modernization, but the big push will be whether vets give real choices because of choice comes competition. the incentives are for bureaucracy to serve. that is what is at stake in the

upcoming fight. legislation on capitol hill. some good, some typical swamp. if you get the white house and the va secretary behind the legislation, you can get something passed. stuart: as a military man, that's what you are, north and south korea, kim jong un and the president of south korea will meet in this historic meeting april 27th. i call that progress is progress because mr. trump is taking a hard line. how about you. >> i think it is progress because you need to talk before you take a more drastic measure. you have to get the other guy to the table because they believe you'll use the drastic measure. president trump's rhetoric on the military exercises can indeed nuclear i say north korea has made kim jong un believe he has to talk. he can talk forever in khaki preconditions. always better to talk before you shoot. in this case we can afford a world with nuclear blackmail under north korea forever. this is part of a process to do that or take action.

stuart: pete hegseth telling you what you're talking about. appreciate it very much. i want to take 30 seconds to look at amazon. the stock is down again big time. it is down nearly 50 bucks. back to third team at 82. that is astonishing. there was a report yesterday that president trump is going after amazon. the word excessive amazon was used. he said i've stated my concerns long before the elections. the pay little or no taxes. look at the reaction. the stock is down another 50 bucks. how about that. a crackdown on immigrants coming here and living on american taxpayers dime. i'm all for it. i know a thing or two about this. my take at the top of the hour. here it comes.

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stuart: if you are an immigrant in the united states should you be allowed to stay permanently if you're on welfare? president trump wants to tighten things up. he wants to weed out those people who are what's called a public charge. that is they cost american taxpayers money. this goes to the heart of the immigration debate, doesn't it? why can't we decide who we want? why can't we say we don't want people that can not support themselves? to that end if an immigrant wants to say the administration wants to look more closely what the taxpayer is giving to them. in particular the immigration department wants to look at the earned income tax credit. if you're not familiar with that, let me explain it simply. it's a check. every year, delivered by mail, from the treasury, delivered to low-income earners, millions of people get it. now the government wants to ask immigrants are you getting those

checks? if the immigrant says yes, odds are they don't get permanent status. is that legit? it's a real shift in immigration policy, and would cut the costs immigrants impose on the taxpayer. when i came here, here we go, when i came here more than 40 years ago, there was no such thing as the earned income tax credit and far less welfare generally. it was clear to all immigrants back then you came here at your own risk. sink or swim. i think the same principle should be applied now. america wants immigrants. file the application, fill out the form, stand in line, come on in, but don't turn around and take money from american taxpayers. the president wants to tighten the rules. good. second hour of "varney & company" is about to begin. ♪

stuart: now this immigrant will deliver breaking news. first michigan, consumer sentiment. ashley: this immigrant did not get a check. 104 consumer confidence. i say this every week, means nothing to everybody. slightly shy of what was hoped for but pretty good. the interesting thing we've seen in the consumer confidence, stu, lower income households are more confident and have more, better outlook for the economy than higher income. which i find fascinating. bottom line still pretty good up more than 4% year to year. on the right side. stuart: did we also get mortgage rates? ashley: we did! i have those too. fours are wild as they say in bing go. 4.44%. down from 4.45% last week. we should point out part of this we've seen the 10-year treasury yield edge slightly lower, more

people are buying into the treasurys which suppressed the yield, put up the prices. bottom line rates are down just a hair. five bucks less a month on your mortgage. stuart: no reaction on the stock market? ashley: none at all. stuart: we're up 110 points as we speak. facebook is up a little bit. 1 1/2%. microsoft is one of the biggest losers of them all. we'll deal with amazon separately. that's down a huge $45 again today. we'll deal with that in a moment. look at tesla, down again today. it is at the lowest point of the year as of right now. you're all the way back to 251, down another six bucks. they have got a crash crunch. there is a lot of talk about them not making it on wall street. ge, one of the big losers in the dow down almost 1% back do $13 per share on ge.

corona beer. they're selling a lot of it. the parent company is constellation brands. that particular stock is up 3% as we speak. we'll stay on the markets and bring in bryan brenberg from kings college. we have 45-year low on new jobless claims. personal income, strong gain. i call that all positive, will you? >> low income earners to ashley's earlier point, they're excited about the economy. i don't think the stock market cares about this one bit about this news. there is bigger news dominating investors. stuart: what ran the market up, or helped run it up for the last 18 months was big-name technology stocks, right you? know this they're starting to come down. do you think the party is over? i'm not trying to make you a market watcher but i am trying to make awe market watcher. is the party over for big tech.

>> it is an economic question. it is worth talking about. the answer is no, i don't think so. it could be on pause for seven months until the midterm elections. i think all the big tech companies are gunning for midterms. they think democrats will retake congress. that that spells opportunity to write regulation they will be under. they love that if that happens, their fortunes change at the end of this year and things start to run up again. stuart: that's interesting. so big tech hopes for a democrat win in november and everybody else, not everybody else, a lot of other people are looking for republicans to keep in power? >> they don't want a avoid regulation. they want to write it. if democrats win the midterms, they get a chance to do that. that spells good news for facebook, google, all of their friends. stuart: amazon, the stock is down 40 bucks. i will deal with that in a moment. brian will bring you back to that. get back to my med tomorrow at the top of the hour.

president trump trying to tighten up immigration, trying to weed out people who come here, want to stay here but are on welfare. former arkansas governor mike huckabee joins us now. where am i going wrong, governor? i'm saying we should say who we want. if you want to come here, stay here permanently, you shouldn't be taking welfare. what say you? >> stuart, in the ultimate suck-up you have never gone wrong. you're always right on this one. you are 100% right. here is the point. nobody has a right to legal residency in the u.s. or a right to citizenship. it's a privilege for those who are not naturally-born here. we have welcomed people, thank goodness we have. we have guys like you, that we're glad we have. but the point is that a person who comes here should contribute to this country, not necessarily take its benefits. stuart: right. >> many of the immigration advocates say the immigrants bring great wealth to this

country, they bring great ideas. well, terrific. if they're bringing those things they don't need welfare benefits. stuart: you know, governor, i don't want to come across as harsh. i've done okay. i've done very well in america. thank you very much, indeed, i'm deeply grateful for that. i don't want to be shutting the door on other people, hey, you come here, fine but don't get any money from mere. it sounds harsh, doesn't it? >> well it can sound harsh. i think it has to be applied in a way that is even-handed. the point being if a person comes, says, i want the opportunity that america affords me. they will work hard. i met so many wonderful immigrants who come to this country, quite frankly, stuart, most of them i think love america more than the natural-born americans because they know what they have come from. they know what they have come to. they made this a decision by choice. they're not asking for people to give them a handout. they just want the opportunity to work, work hard, prosper,

grow a business, provide for their families, and i don't think that the real heart and soul of most immigrants is all about getting benefits. stuart: no it is not. >> it is about making something of themselves for their families. stuart: that's right. it is climb that food chain. that is what you're here for. i'm sure you're aware of this, governor, but i want to bring our viewers up to speed here, netflix has appointed susan rice to its board of directors, she of benghazi fame. do you have anything to say about susan rice and netflix, governor? >> it is a perfect choice. netflix is all into creating fiction. nobody has created more fiction from a government perspective than susan rice with the phony narrative about the videotape that was the basis of benghazi. and given that they have been so successful with "house of cards," she brings a wealth of experience with her

own "house of cards" she was a part of in national security. the truth is, i don't begrudge anybody like susan rice from getting a job and i don't want to be among those who say she shouldn't be on the board of netflix. i kind of liken that unto when people on the left try to end the jobs or appointments of people on the right, something with which i'm well familiar. stuart: you're so harsh, governor, you are really so harsh, i'll tell you. governor, always a pleasure to have you on the show. thanks for joining us again today. appreciate it. thank you. >> you bet, stu, thanks. stuart: what does brian brenberg, business professor at the kings college have to say about netflix, susan rice, and by the way barack obama, former president obama, he is doing specials for netflix. >> this is the strategy to get in good when they have the chance to right regulations. you will see every tech company doing this. this is just the beginning. google has hundreds of people from the obama administration working for their company.

these firms spend tens of millions of dollars every year to lobby. put susan rice on the board, the former president making shows. that is a really nice connection to d.c. when your friends are in power. stuart, we see this over and over again, it makes perfect sense. ashley: i don't know why it is, brian. republicans are not usually for regulation. wouldn't you rather have republicans take a soft approach rather than democrats who will pile on regulations? >> you want your friend writing regulations. republicans will never do any favors for these guys. the democrats who supported them in election after election in silicon valley will do favors this is swamp politics, swamp economics. these guys are looking at 2018, that is our chance. stuart: i think you have forgotten the global connection. president obama always wanted to be president of the world. now he has a foothold on the streaming service, netflix, that goes out all over the world. that is valuable. >> that is the varney doctrine.

that could be true. stuart: a good doctrine. how about this one? carnival cruise company, carnival cruise lines, okay? was surprised to learn 15-year-old boy already claimed the snapchat handle, @carnival cruise. carnival launched an ad campaign fronted by shaquille o'neal, who is he, where is he? his name was darrell lipscomb be. they offered him a package. he launched the account when he was nine on the first cruise for carnival. ashley: i would have asked for more. stuart: he got it. south korea will hold the first summit in more than a decade. april 27th, ahead of kim's meeting with president trump. we are on that one. es tesla facing a string of negative headlines, downgrade from moody's. another fatal crash with model x. a hedge fund manager predicting

the company is months away from collapse. tech watcher gene munster has been a fan of tesla. that stock is down, by the way into. >> possible medical breakthrough. could be a way to fight cancer with a vaccine, not chemotherapy. dr. dee -- depak chopra is here later this hour. he will tell us whether this is the real deal. ♪ you're watching "varney & company." ♪

stuart: it's still a triple digit gain. the dow is up half a percentage point. where is the price of gold this morning? it is holding around the 1330 level. it is at $1327 per ounce. earlier this week the trump

administration would ask respondents to the 2020 census if they were american citizens. it is the citizenship question. 12 states, you see them on the screen, they are planning to sue the administration. those states attorney general say it will cause fewer americans to be counted, an undercount by any other name. ohio congressman warren davidson with us now. he voted in favor of that question being put on the 2020 census. congressman, why dud vote in favor of that question? >> i think it is very critical. without knowing who the citizens are, state has have large illegal populations, like california, gain extra representatives. let's say the population, illegal population in california is 2 1/2 to three million. they're getting three or more extra members of congress all year. and at the presidential election they get three extra electoral votes. that hurts people in states like ohio.

we don't have as many illegal folks. we have some sure, why would non-citizens be counted for apportionment purposes? there is the concern about funding and so, the extra funding for illegals while they are providing services for them. that is kind of the point. we shouldn't be provided services for illegals, california, chicago and others have gone so far as to make it illegal to cooperate with federal authorities to enforce citizenship laws, immigration laws. and there is only one jurisdiction for that. it is federal. so it has to preempt state and local. you can't have a patchwork of state and local laws deciding who is a citizen and who is not. there is u.s. citizenship. stuart: can you deal with the undercount question? if you do ask, are you an american citizen, you can probably expect some people will not answer the question or not even answer the census. there will be an undercount. how would you deal with that? >> would an american citizen decline to answer that?

and if a non-citizen declines to answer it, then you know, that's the point. now if peep just leave it blank, it does create a problem. that is the challenge. do we have a census that only goes by an actual count, physical count? does it go door-to-door? what role does sampling play? that has been controversial in the past as well, in terms of how to conduct a correct census. but as high light 12 attorneys general suing the united states, in the current language the amendments in the 14th amendment and others have left some question as to how to correctly count that. this will unquestionably be litigated. i've got a constitutional amendment proposed, hj recent 106, would leave us we don't have to hope, we can know. amend the constitution for apportionment purposes only u.s. citizens count. stuart: good luck with amending the constitution, congressman.

good luck being with us. we do appreciate it. warren davidson, republican ohio. thank you, sir. i want to get back to the amazon story. that stock is taking a beating all over again. it is down $37. $1393 a share. we were told yesterday by axios, a news website, that president trump is obsessed with amazon, going after them. this morning the president tweeted about amazon. it's a negative tweet. he is going after them. brian brenberg is with us still. this just shows you how bad it can be for your company if the president goes after you. >> the president has a lot of power. if you're an individual company, that is a big opponent to go up against. jeff bezos, he is probably playing his cards very carefully here. he is trying to pick his next headquarters. i said it on the show before say it again, i think it will be in d.c., so he wants to counter this power by having friends on the hill. so he will do that. stuart: do you think this is

personal? ashley: yes. stuart: jeff bezos owns "the washington post" which absolutely virulently hates president trump. ashley: the president calls "washington post" the lobbying arm of amazon, let's be honest. he has been extremely critical of mr. strum and his administration. we need to ask people, when is the buy-in on this price? gone down considerably, two weeks ago we had someone on that this was going to 2200. the problem is what kind of regulation? a lot of people will take a step back, let the dust settle. at some point it has to be a buying opportunity. >> it was at $1617 a couple months ago. it is now at $1394. so you're down a lot. ashley: the president believes amazon is threatening to put a lot of mom-and-pop businesses out of business. stuart: he already has, actually. ashley: yes it has. people said that of walmart way back when. stuart: that's right. >> but the tax they're proposing putting on amazon will actually hurt the third-party sellers of

amazon. it will not hurt amazon. amazon could come out ahead on that thing which is so weird. you think we're going after amazon. once again these guys have a strategy to get around it. it wouldn't surprise me that amazon comes out stronger than they compete against the third party sellers. they sell their own stuff, stuart, not somebody he will's. stuart: that was good, brian. give you that. as you may know this is baseball, opening day. in some case however, it will cost you more to park at the stadium than to enjoy the game. we will explain it. that's a promise. ♪

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stuart: it is opening day for major league baseball, but parking passes to some games are more expensive than the cheapest tickets, would you believe? numbers, please. ashley: this is truly remarkable, if you live in seattle, all i can say i'm sorry. look at numbers. opening day indians at seattle mariners. ticket, 65 bucks. parking pass $110! stuart: for one day? $110 for one-day parking. ashley: i asked the very question, yes. stuart: you're kidding? ashley: no. they want you to take the bus. phyllis and braves, 7 bucks for a ticket. 27 for a parking spot. pirates, at detroit, 13 bucks for a ticket, 48 bucks to park, are you kidding me.

stuart: brian brenberg. >> family of four can't afford to go to the games. not just hot dog, beer. mlb is getting killed because they cost too much money to take family to a game. stuart: quit whining. >> it is my show i get to whine on. stuart: thank you, brian. how about this one, tesla, very much under fire. we have one hedge fund manager, some others on wall street predicting this company is only months away from collapse. that's a strong word. tech watcher gene munster with us after this. ♪ alerts -- wouldn't you like one from the market

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♪ note. stuart: that is the slow version of "revolution." ashley: very end of the song. stuart: trying to explain to our guest sitting with us from california, we actually pray the beatles every morning at 10:30 eastern time. ashley: a little tradition. stuart: all the calfornians, just getting up, get up with the beatles. you like that. long-time beatles fan. >> good time to be on. that was a nice segue. brilliant. stuart: thank you very much. check that big board, segue to that, why don't you. we're up 120 points. a lot of people like that. 110 points. 23,959 where we are. big tech names, check them all. amazon is down sharply. we'll get to that in a moment of microsoft falling back, apple,

alphabet, facebook on the upside. nice gain there. nearly 3%. >> >> snap cutting maybe 100 employees. this is the lightest round of downsizing. they're focusing on the advertising side of the business. that, sr. with the cuts are i believe. according to several reports. the stock is virtually unchanged. you're down to 15 on snap. more bad headlines, negative headlines for tesla. the feds are investigating a fatal crash in california. moody's downgraded them. wall street says this will collapse. that is extreme language. gene munster, with us, loop ventures managing partner. he joins us now. that expression from hedge fund manager repeated widely on wall street, that tesla will collapse. that is a very strong thing to say. i take it you don't share that opinion? >> i don't and stuart, maybe as a starting point, i've been dead

wrong on this stock over the past few months. think time will prove this out. ultimately the story will reverse. i tell view tesla, despite all the things it is going through as one of the best risk rewards in tech. let me explain why. a lot of bad news we talked about this week. brace yourself for more bad news when the company gives the model 3 production updates. they will likely fall short of what the target was for the march quarter but i think what is most important thing here, sales story sets up for a unique situation in automotive. not only is there a shift in terms of drivers to autonomous that tesla will play into the electric movement, but even before that, this car has more demand than supply. very rare that you have 400,000 or so preorders. think that ultimately is going to be tell. that they will get the production right and this car will be successful.

stuart: investors are watching what you're saying here. i noticed the stock slipped a little bit when you said, watch out for more bad news next week on the production figures for the model 3. now we're down $6.19. tesla is back to 251. i move on to the uber story. the uber settled with the family of a woman who was killed by a self-driving car in arizona. does this put a real crimp on the future of the self-driving car business, gene? >> this particular incident doesn't change how we feel about it. which it is still five plus years away when we'll get into autonomy. we'll see some examples of it, but i think you are going to see some stoppages. you talked about uber. they are reviewing their self-driving license in california. nvidia which makes the chips that power a lot of these autonomy announced they are postponing all of their testing. this does impact kind much the

near term and i think ultimately the expectation, for example, that gm will have this autonomous fleet in 2019, that is too aggressive. i think it doesn't change but, yes, stuart, this will delay when we get to autonomy. we'll not see it in next couple years. i think five years from now we will get there. this will be transformative. stuart: can i say gene munster is still a true believer both in tesla and the self-driving car industry? >> absolutely. i believe in this. i think we'll look back see this was as big or bigger than the smartphone. stuart: do you own tesla's stock in. >> i do not own tesla's stock. stuart: are you allowed to own tesla's stock? >> i am not allowed to own tesla's stock. if i was allowed to own it i would own a lot of it. i don't own it. stuart: if you were allowed to own it you would buy it now at 251. >> absolutely. i would still feel comfortable

owning at 350. because i believe this has upside. i want to be clear, we don't give price targets at loup ventures. but i do think this company is really well-positioned for the future. stuart: thank you very much, gene munster. >> thank you. >> stuart: the gop considering a balanced budget amendment. this follows the massive spending bill debacle. some call it a debacle. look who is with me, lanhee chen >> good to be here. stuart: this is total red herring, go for a balanced budget amendment that will never pass. it es excuse to wipe out awful memory of that spending bill? >> that is what this is about. to make sure the conservative base you need to turn out in general elections. there is no such thing as fiscal

discipline in washington. you look at omnibus bill. no serious to cush spending this is red herring. i i agree completely. stuart: you're at hoover, a free market kind of guy. how did this happen where both political parties are samingly committed to spending more and more, will never rein it in. >> spending feels good. stuart: no, spending gets you votes. >> that is what i mean. it feels good from political perspective. if i give a little bit here, a little bit there, maybe that will improve my political chances. before you know it you end up with trillions of dollars in pork which is the orientation. president trump was right to say the process is broken. i wish they have gone back negotiated this a little bit earlier so they wouldn't end up in the position now. the balanced budget amendment would be a great idea, if they could have the votes to pass it and stick to it. that will not happen. stuart: we often talk about the debt bomb which will explode at some point. a lot of our guests mentioned

debt bomb, when will it explode? we keep hearing five or 10 years, kick it down the road. >> we will always kick it down the road. we are running into a serious demographic challenge with medicare and social security, with those two in particular. social security is easy one to fix. we know how to fix that. medicare is tough, talking about fundamentally reorienting a program people gotten used to. you add to the borrowing costs by the way that explodes the debt. stuart: that is what does it, okay. i have to ask you about amazon. the stock is getting really hammered again today. >> yeah. stuart: president trump has gone after amazon, in a report yesterday and a tweet this morning. what do you make of that? >> he will which wish the president wouldn't attack companies by name. if he wants to express concerns about lack of competition in the marketplace, i'm all for that. but to go after companies individually i just -- something about that strikes me as being fundamentally anti-free market. stuart: let me ask you this.

jeff bezos is the founder of amazon. he owns "the washington post." "the washington post" detests and is contemptuous of president trump s that why president trump is going after amazon in. >> that i can't speak to but i would say -- stuart: are you suspicious that is the reason? >> there are some ties here worthying about. you are right to raise them for your viewers to think about. what would i say is this. broader issues around the competitive marketplace, i think this administration is doing great things on regulatory reform. i think they have the right agenda. the bigger problem in the u.s. economy is consolidation. you see this in health care and a variety of different fields. the president is right to raise it but i wish it wouldn't be in the context of a specific company that i like and use. i'm a shareholder. that is what it is. stuart: declare your interest. >> i'm fully transparent. stuart: you're getting killed today. >> not a good day. buying opportunity. i have to call my opportunity. and test. stuart: you think it's a buying

opportunity? >> this is not my thing. i would say from the perspective that i'm in, amazon is doing good things. i hope they continue. stuart: lanhee chen, it was a pleasure. >> thanks, stuart. stuart: i want to get what might be called a cultural shift. reboot of "roseanne." excellent rating. >> excellent. you wouldn't believe some of these numbers. for the start, best for that time slot in 12 years, 18.2 million viewers. this was a bigger number than the finale of the show 21 years ago. it has taken a lot of people by surprise. >> interest here is, that "roseanne" is pro-trump. ashley: she is. that is very interesting. stuart: are we seeing more tv operations and maybe movies in hollywood. ashley: programmers are always looking for the magic elixir, the silver bullet. they will look at this. i watched it was well-written,

well-acted, very, very good. bravo to abc for bringing it back. stuart: cultural shift, i'm telling you. ashley: yes. stuart: coming up russia denies it was involved in poisoning of ex-russian spy in britain. the russians say the brits did it. the british ambassador is with us in our studio. that is in the next hour. north korea, south korea, agreeing to a summit next month, april 27th, just before president trump is supposed to meet with north korea's leader. what is the implications of that? we're on it. ♪

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body thinks and does. so it will be up to the doj to determine whether or not any anti-competitive penalties are put on amazon. ♪ ♪ with expedia you could book a flight, hotel, car and activity all in one place. ♪

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firm. who did that? who lowered the target price? ashley: was it wedbush? stuart: they lowered the price to 56. it was 70. now they said it will drop to 56. some people believe it. it is down nearly 1% at 57. got it. sales down at finish line. i guess that's a retailer, i'm not sure, is it? what do they sell? ashley: running shoes. stuart: shoes. movado watches, finish line, man he is up to speed. ashley: you heard of mcdonald's. just kidding. stuart: north korea's leader kim jong-un, he will meet with south korea's president for the first time, april 2th. the talks will pave the way for meeting between mr. kim and president trump. van hipp with us, american defense international chair. van, welcome back to the program. >> good to be with you, stuart. stuart: do you think that the presidential meeting, president trump and kim jong-un, do you think that is actually going to take place? >> i do. i tell you why.

i think this president wants a chance to close the biggest deal of all time, stuart. that is what this would be. i think it is important that his team would take bold steps over the next few weeks to really set the stage and tone for this meeting to give the president a chance to close the deal. stuart: i think what president trump wants the is the denuclearization and get rid of the rockets in north korea. in return he may be prepared to take american troops out of south korea, and maybe no more nukes in south korea. is that the kind of deal you're talking about here? >> with this president i think he has gotten in kim jong-un's head. he is keeping him guessing. who knows. now with john bolton as national security advisor, someone with a sense of history on the korean peninsula, someone savvy politically, knows how to orchestrate the various departments and agencies of our government i do believe our president will be best prepared to make a deal. stuart: why should we trust kim jong-un? you've been on our program many

times. you have often told us they are ahead in what is it cyber attacks and quantum computing? you told us that the north koreans are really good at that? >> they have a quantum encryption device. they know that. that is a great equalizer on the battlefield. i think what would be great for the president and administration to come forward say, kim jong-un you talk about denuclearization, that is great. what are the principles to address and achieve to help get to denuclearization? how about the role iran plays? iran outsourced their entire nuclear development program to north korea. china this, guy, kim jong-un has become a big headache to china. i think china has been helpful. they have actually helped to shut down some of the iranian money laundering going through chinese banks to north korea. look, why are we here? peace through strength works. stuart: what do you think kim jong-un wants? >> look, one thing he is not

going to get. he is not getting $150 billion from this president to play nice. i think he wants to come into the civilized world. i hope this president goes to kim jong-un and says wants you to be in the civilized world. here is what you have to do to become part of the civilized world. one thing i hope the president would urge him to do, let people have access to the internet to get a free flow of information. these are the kinds of things we can get out ahead of early and really set the stage and tone of these talks to give this president a chance to close the deal. stuart: sounds like a hopeful van hipp to me. i think that's what you are and thanks for joining us again. >> i'm a little leery. but peace through strength. stuart: who is not leery when you deal with north korea. van, you're all right. appreciate it. got it. a medical breakthrough, could be a new way to fight cancer with a vaccine, not chemo. dr. dee pak chopra is with us

and will tell us if this is the real deal. ♪

retail. under pressure like never before. and it's connected technology that's moving companies forward fast.

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stuart: this just crept up on us. the dow up firmly above 24,000. apples boeing, both dow stocks, both sharply higher. now this. a new cancer vaccine kurd 97% of tumors in mice. human trials are coming next. deepak chopra is with us. he is a doctor who advocates alternative medicine. welcome to the program. >> by the way, integrated medicine. alternative implies it is one or the other. stuart: integrated medicine. i will never make that mistake again. i won't call you any stress. i know you're, you're not in direct line but we're intrigued at the idea of a vaccine for cancer. is this truly promising? >> it is very promising but you must remember that cancer is many diseases. there are some kinds of cancer. now it is very interesting that this is 97% of cancers in mice.

we'll see what the human trials show. stuart: it is promising i guess? >> it is very promising but on the other hand we must remember most gene-related mutations that cause cancer that is only 5% of all the total gene mutations that cause any chronic illness. lifestyle still matters. stuart: which brings me to your book. it is the 88th book you have written. >> something like that. stuart: you lost count? i can't believe it. it is called the healing self. >> yes. stuart: all about managing stress, is that correct? >> well it is about managing stress but it is also about what sleep does to stress regulation. how your emotions are connected to your biology. what is the role of nutrition in altering what we call the micro biom which is 99% of the genetic information of your body. only 1% of the information in your body is human genes which you got from your parents.

essentially you're a microbial colony with a few human cells hanging on. stuart: i'm a microbial colony with a few human cells hanging around. that is is a good line, doctor, i'm stealing that. >> we can change that through nutrition, we know that now. stuart: dealing with stress, dealing with me, i'm told i have a high stress lifestyle. i get out of bed 2:45 in the morning. i'm on tv three hours live every single day. a lot of pressure in a job like this. how should i handle my stress? >> i think you told me earlier that you enjoy it. stuart: i do. >> so that is use stress which is different than distress. use stress is not harmful at all. stuart: well. >> as long as you're enjoying your life that's what matters. when stress become as perception of threat, either psychological

or emotional or physical, then it is dangerous. stuart: so i'm okay? >> you're okay, except for the fact i think you might need more sleep. stuart: i go to bed at 7:00 at night. i get six 1/2, seven hours. >> circadian rhythms, which is the rhythm we have as a result of the cycle of day and night, as long as they're close to okay, you will be fine. stuart: i think you're the only person on this show who actually does more tv than i do because i've seen you for a long time. 88 books. >> i don't leave home. it is my body. [laughter] stuart: deepak chopra, that was a pleasure. wish you well for your new book. >> it was a pleasure. stuart: thank you very much, indeed. president trump is heading to ohio in the next hour by the way. he is pushing the infrastructure plan. growth front and center. we'll head to the white house to talk about that in just one minute.

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stuart: president trump is getting out of the swamp today. he's heading the ohio, friendly territory. he'll make a speech attended by members of the international union of operating engineers. translation, union people. they're in the heavy equipment business, and they will be very receptive to the president's message which is get onboard with the infrastructure plan, build those roads and bridges, grow the economy. this is an opportunity to leave behind any hangover from the stormy daniels interview and the staff changes still rippling through his administration. and he can put further distance between himself and the spending mess. he's not getting much help from the gop which is now pushing a balanced budget amendment as the fix for our debt problem. get real. a balanced budget amendment from the party which will add a trillion dollars to the debt next year? come on. here's the reality: the economy is doing very well, and it's doing well because of president

trump's deregulation and tax cuts. it's doing well despite the media, despite the failure the kill obamacare, despite massive overspending by the government. that's the message the president and will drill home in ohio today. but yet again the president will be trying to drag the politicians into line. he has to rely on congress to pass an infrastructure bill, but it doesn't look like they can actually do it. what do you think those union guys will say to that? watch his speech today, i'm sure we'll cover it, and you will see a president going forward with his popular and successful growth agenda. in a swing state, an industrial state. seven months before the election. the third hour of "varney & company" is about to begin. ♪ ♪ stuart: look at that, now we're up 265 points for the dow

industrials. you heard my take a couple of seconds ago, let's stay on the trump renewed push for infrastructure, and joining us now kevin hassett, chair of the white house council of economic add visors. sir, welcome to the program. good to see you. >> oh, it's great to be here, yeah. stuart: okay. now, speaker ryan is talking about five, maybe six different bills to cover infrastructure. a lot of talk, but that's just not going to work. your comment, please. >> right. well, i think with taxes, as you know and we talked a lot about this in the fall, we had this really big bill, and we got it done all at once. that's definitely what the president would prefer because we've put out a great plan that is going to be great for the economy, maybe just as great as the tax cut. but if congress wants to do things a little bit at a time, then every single time we're going to be looking for infrastructure progress. so, for example, we've got a workplace plan to try to help get training for people to drive that heavy equipment you just mentioned and to learn how to

weld and things like that, because we're going to need more people who have those skills if we're going to get our infrastructure off the grade we get from our civil edger nears. if we could put that work plus plan into a bill that's moving on the floor this week or next week, then we will do that. but we're going to continue to have our eye on the prize of making progress of getting the plan into law. stuart: i think you're telling us it's going to come in dribs and drabs, that seems to be what you're saying. >> if you look at the omnibus, there is a massive amount for infrastructure spending for rural america and rural broadband, and i don't think those folks are going to think of it as drips and drabs. the other thing, more importantly -- and i know you talk a lot about this -- we need private capita to solve our can be capital to solve our problems too. we expect that permit time is going to go from you never know when to get your permit down to about two years. and if we can get the time down to about two years, then all of a sudden there are going to be lots of pools of private capital

that say, hey, that's a great investment for me. let's put in a toll road, and we'll have the things pay for itself. so we expect -- we're multitasking, is all i wanted to say. it's not just legislation. stuart: it's amazing how important speeding up the permitting process really is, because that is such a hangover. i want to ask you to characterize the state of the economy. we've got 2.9% annualized rate of growth in the latter part of last year, this morning we got a 45-year low in jobless unemployment claims, and we've got strong personal income data coming in as well. a lot of people say this is a boom, an economic boom. would you agree with that? >> yeah. i think that's a fair characterization. don't forget when president trump took office we had the obama team forecasting we were going to be growing in the 1s as far as the eye could see. but what president trump said on the campaign trail and then acted that way after he got to the white house is that we need to fix all those broken policies.

we need to deregulate, we need to cut taxes and have an infrastructure plan and so on. since he began doing that, then sentiment went up, the national association for business economists does the survey if you look at it, it's about as optimistic as we've ever seen. capital spending has gone from being a negative in 2016 to being a big positive. so all of those things suggest that the 3% growth that some from the obama administration said was a fairy tale is actually there. so here we are on "varney" living a fairy tale. we're living the 3% growth. [laughter] stuart: you had to say that. what is this, some kind of fairy tale program? [laughter] just for that i'm going to ask you about amazon. >> okay. stuart: why is the president going after amazon? he put out a tweet this morning, and the stock is down another $17. i'll leave the tweet up on the screen, our viewers can read it. but he's very negative, he's going after amazon. why is that? >> right. well, i won't speak specifically about amazon, but the general principle deeply concerning the

president is we need to live in a world where the government sets a level playing field between internet vendors and mom and pop stores. so right now if you go to downtowns all around the country, there are mom and pop stores being put out of business because they have to pay the sales tax, or their customers have to pay the sales tax, but they can avoid if they buy from an internet venn doer. amazon specifically does collect the sales tax in the states where they have a physical presence because they have a warehouse or something. but but one of the amazon vendors sells to you, then they don't collect the sales tax. and that's about half of their sales. and so for amazon there really is a big advantage on the statement sales tax because of current policy. now, we expect that what's going to happen this year is it's going to become more and more of a news story as we go into the summer because the supreme court is hearing a case that might fundamentally change the interstate tax structure on the internet. and when that happens, it could well be there's going to have to be federal legislation to address these imbalances and

level the playing field. stuart: okay. kevin, thank you very much for joining us, sir. >> it's an honor to be here. stuart: it's great to have you on board with the fairy tale here. [laughter] thank you, sir, appreciate it. >> thank you. stuart: i want to bring in charles payne. you heard what kevin hassett had to say. >> yeah. stuart: address the amazon issue, would you? >> there's a couple things with respect to the taxes. if they start making these third-party vendors pay more taxes, eye ironically, that might make amazon even cheaper. what i'm really concerned about is the antitrust thing. i want to bring up a great story for the audience. in 1946 a federal judge found the hartford brothers and a and p supermarket criminally guilty, criminally guilty for artificially making prices too low. does it sound like amazon? it was the amazon of its day, the walmart of its day. it dominated in the world.

the first retailer to do more than a billion dollars in business. it was amazing. they had this vertical model, and they were crushing everyone. for 30 years they had to fight back against government going after them constantly. in fact, truman was on the cusp of breaking them up into seven different companies. and guess what? they filed for bankruptcy a couple years ago. the markets work eventually. stuart: okay, okay. >> the markets work eventually. stuart: so you say don't intervene with amazon, don't try to break them up, let the market work. >> level the playing field as much as you can, but the notion of antitrust has crept into the conversation. i think that's a huge mistake. listen, i hate what happens to ma and pa stores, by the same token, i believe creative destruction has made businesses better businesses. ultimately, people should know about this story because it's the same, exact, identical thing

that's happening right now. we need to make sure emotions don't overrule what could actually be a great thing. you know what's happening? this last earnings season i saw williams sonoma do more than 50% of their business online. a stock that got crushed by amazon, the stock is up 100% from its 52-week low. businesses will make the adjustments. stuart: it's a shame you're coming on board in the final hour -- [laughter] in the first hour i'd never heard of those watches. >> wow. read the story of the guy. he's a cuban -- he escaped fidel castro by the skin of his chin. his story is phenomenal. stuart: you're on. >> okay. you got it. see ya. stuart: thank you very much. a growing number of tech workers choosing canada over silicon valley. we've got a survey shows tech companies in toronto are seeing a surge in international job application over the last year, and by far most of the applicants are from the united states.

the authors of the survey says the lower cost of living in canada is a big reason for the jump. that's interesting. very soon we'll be joined by britain's ambassador to the united states. i'm going to ask him how do we maintain our special relationship with the brits when it is is so obvious they dislike our president? and california city councilman andrew -- [inaudible] is with us. he's challenging a fellow republican who is one of the three key founders of new way california. that's the organization backing schwarzenegger. and we brought you this story: idaho leading the nation in wage growth. and we have the governor with us next. ♪ ♪ nah. not gonna happen.

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stuart: in response to the facebook data scandal, mozilla releasing a new feature called facebook container. it isolates your facebook activity from the rest of the web, that means facebook will not be able to use your web activity to send you targeted advertising. kind of isolates your stuff. and now this -- idaho leads the nation when it comes to wage growth. last year workers there saw a 5.3% increase, way above the 3% national average. joining us now is butch otter, the governor of the great state of idaho. all right, governor, here's your chance. tell me why you lead the nation in wage growth. go. crow a little, why don't you. >> well, i will. this is another fairy tale like the last one -- [laughter] stuart, actually i have to go back to '08, '9 and '10 in order

to tell you why we're so successful today, and that was because during those tough times we made the tough decisions. we decided to, in the proper role of government, to separate nice from necessary. so we just looked at what the government does, and we said those things are nice, but they're not necessary. so when we focused on doing the necessary things -- which was not to raise taxes during that tough recession, to cut back on government, my first budget was, pardon me, $3.2 billion, my budget by 2010 was $2.2 billion. but we learned a lot about ourselves, a lot of things that we didn't have to do. and the result was that we were able to cut back on government, and we were able -- and now since the recession is over and we're growing, by the i way, as well as being the fastest growing state in the nation and having the kind of economic successes and activities that were, i believe it all goes back

to what we learned about ourselves during the tough times. stuart: well, here's one example of where you were not able to get rid of an element of government. the trump administration told your state that you can't dump obamacare. you have to offer plans that meet the obamacare rules. you wanted to dump it, they wouldn't let you dump it, so what you going to do now? >> well, believe it or not, true to the trump administration's promises we are still negotiating on exactly what we're able to do. we're willing to be flexible, but we'd like to go back to the time when idaho had the least expensive and best coverage insurance in the nation. right here in idaho. and when obamacare came in in 2010, '31 and '12 is, that all went right out the one doe. so we are negotiating -- the window. so we are negotiating with hhs and with cms on exactly what we're going to be able to sell. or what our vendors are going to

be able to sell, our insurance companies. and we have four providers in idaho. so, you know, there's a lot of states that have no providers. >> yeah. >> there's a lot of counties that have no providers. so we're going to continue to work on it, and i would tell you this, there's a lot of other at least republican states that are of watching what we're doing here in idaho with great interest, great hope and wishing us the best of luck. stuart: oh, i wish you'd come to live in new jersey, governor -- [laughter] you could teach us so much, you really could. [laughter] >> well, i'll tell you this, i'll tell you this, stuart, if you were to be broadcasting this program from star, idaho, you would like that a lot better too. [laughter] stuart: governor, you're all right. thanks for being on the show, sir. we do appreciate it. >> thank you for having me. stuart: yes, sir. that's great. [laughter] >> what a sensible politician. stuart: microsoft, on your screen, company-wide reorganization, and the windows

chief is out. not doing that much for the stock, it's up 50 cents. invidia, as you know they suspended their self-driving car testing on public roads a couple of days ago. the stock tanked. it's not fully recovered by any means. we have pvh, that's an umbrella company which includes tommy hilfiger, calvin klein fashions. they got a boost from higher sales, and the stock is up nicely, 5%. now, just days after arriving at the space station, two astronauts are starting a space walk. it'll last for six and a half hours. they will unstall a new wireless communication -- install a new wireless communication system. they're doing it right now, that's live tv. the reboot of roseanne, out of the park ratings. president trump called her to congratulate on those ratings and to thank her for making the main character a trump supporter. who would have thought? [laughter] the ihop restaurant chain, they

make the top five list of casual dining restaurants. they have the most loyal customers. can you guess which casual dining chain is number one? it's one of those days, we'll tell you which one after this. ♪ ♪ [ phone rings ] hi, tom. hey, how's the college visit? you remembered. it's good. does it make the short list? you remembered that too. yeah, i'm afraid so. knowing what's important to you... it's okay. this is what we've been planning for. thanks, bye. that's what's important to us. it's why 7 million investors work with edward jones.

retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.

stuart: we asked you to guess which chan restaurant has the most loyal customers. answer, buffalo wild wings. how about that? >> we all thought denny's. stuart: that's according to the four scare -- four square. rounding out the top five, old chicago pizza, denny's, applebee's and ihop. >> okay. stuart: look up in the sky on saturday. most of the world will see the second blue moon of the year, very rare. we won't have another one until halloween 2020, even though that one's red. [laughter] that's what it looks like really. >> i see. stuart: nothing to do with the color, blue moon. scientists say the best time to catch it is between 10 p.m. and 1 a.m. eastern time saturday. sold for $10 million in

bitcoin, a canadian cryptocurrency firm bought the casts from a south african businessman. the company plans to launch a global golden hands of nelson mandela tour to educate people about his life. now this: "the wall street journal"'s dan henninger finding similarities between mark zuckerberg and dr. frankenstein. he will explain that. and sir kim, the -- da roach, britain's ambassador to america, is walking into the studio any moment now. ♪ whoooo.

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dan henninger, who wrote this article. and dan is with us, "wall street journal" kind of guy. i notice that the subheadline of your piece is mark zuckerberg, the biggest web target, is about to get torched by the u.s. congress. he's in for a hard time? >> he's in for a hard time the way dr. frankenstein was in for a hard time. remember the people with the torches? stuart: i do remember. [laughter] >> well, this is the point. dr. frankenstein was thought to be a good guy who was trying to create something beautiful that turned out to be a monster which frightened people who then turned against them, and that is essentially what has happened to facebook. it started out as a community exercise and now it's being accused of being a bad thing that abuses people's privacy. so now he's being hauled up before the regulators, and i think he's standing in for the entire web and all of social media. there's been a torrent of books and articles the past three years about all the adverse things these technologies are

doing. stuart: and you think that the bottom line, after his appearance before congress, will be some form of regulation to restrain facebook's ability to make money, is that it? >> i'm not so sure it will restrain their ability to make money. there will be efforts to expose their, make them do something about people's privacy which facebook is already doing itself, trying to put things on to its site that make people aware -- which they should have been doing from the beginning. you know how you get to the bottom of any app you sign up for on facebook and you've got five pages of legal boilerplate and you just go i agree because you want to get past it? what they should have been doing is putting up top this is the sentence you really have to focus on if you're going to sign up, because this is what it's going to do to your privacy. that was the mistake they were making -- stuart: but this doesn't sound terribly damaging to facebook if that's all they have to do. >> i don't think it is. will ferrell announced today in good conscience he can no longer

use facebook -- [laughter] they, quote-unquote, elected donald trump. e rex go facebook is bad. i don't think that argument is exactly going to fly. stuart: do you remember when the tobacco executives were hauled before congress? i think it was general motor, ford and chrysler -- >> yep. stuart: and they stood there and did the signing in, and they were just pilaried. they made mincemeat of them. do you think it'll be that bad for zuckerberg? >> oh, i think so. that's the way congress acts. it's a crucible. it's going to be trial by fire. he's going to have to survive it. i think sheryl sandberg ought to be up there with him. but ultimately, they are stand-ins for the entire industry, the fact that the industry makes use of people's data, uses it in ways, creates communities, for instance, youtube has been accused of putting ads next to pornography. procter & gamble is extremely upset about that. but the whole openness of the

web and to facebook is really, ultimately, the problem. and i'm not sure that doing a little bit more tweaking about privacy is going to get to the root of what's going on with these social technologies. stuart: all right, dan henninger, great headline there, is facebook a frank stein. frankenstein. thereyou're all right. thanks for joining us, appreciate it. all right, i want to get to the poisoning of that russian ex-spy in britain. russia now blames the brits for the attack. well, joining us is sir kim daughter roach, britain's -- darroch, britain's ambassador to the united states. >> it's great to hear another british accent on this iconic business program. congratulations, we're doing well over here. stuart: wait a minute. will you ever forgive me for becoming an american citizen? >> well, you've kept the accept. [laughter] stuart: the russians say the buritz did it, secret service did it -- buritz did it. --

brits did it. >> the nerve agent that was used was only made by the russians back in the '80s, and it's a military grade agent. they have a track record of using nerve agents, and they have a track record of state-sponsored assassinations. we know they did it, and 25 other countries have joined us in expelling russian diplomats. to -- so i think world opinion knows they did it too. stuart: america came through with a very strong response, 60 russian diplomats ec pelled, closure of -- expelled, closure of the seattle consulate. do you think that opens up doors to a bilateral trade agreement, u.s./u.k.? >> yeah. first, let me say we nor mousily appreciated the president's strong response which was decisive and which i think also helps other countries take the decision to expel russian diplomats. so that was a terrific piece of solidarity from president trump.

on a bilateral trade agreement, i think we will get a bilateral trade agreement. prime minister has just met her fellow european leaders and got a deal which allows us to start negotiating the moment we leave the e.u. in march 2019. we are big, big trading partners, $200 billion worth of trade -- stuart: wait a second. the european union has agreed that the brits will be okay with a bilateral agreement with america? >> as long as we are in the european union, we are tied to european common external tariff and to european union doing trade deals. we leave in march 2019, and we will start negotiating our bilateral trade deal, i would guess, by, you know, by a couple of months after that. but we're already working with this administration on preparations for that process and other things we can do immediately to improve trade relations. so it's a great prospect. stuart: i've been in america for 40 years, and i've lived through

several iterations of the special relationship between the united states and britain, and i suspect that this current activity surrounding the russia and the nerve agent will rekindle that idea of a special relationship. however, i'm told that in britain president trump is wildly unpopular. is that the basis for a special relationship? >> well, i don't think that's the case. and just to set out the facts, first of all, prime minister and the president have a really strong relationship. i think they've talked three times in the last couple of weeks. they talk every few weeks. whenever they are at the same international meeting, they meet each other and talk honestly and frankly. and as i said, the president just showed great solidarity with the u.k., much appreciated. more generally, this is still a tremendously deep and broad relationship in the security, intelligence and defense field. we're always with america in afghanistan, in syria, in iraq. there's a huge amount of trade that goes on. we are the biggest foreign

investor in the united states, the united states is the biggest foreign investor in the u.k. stuart: that's true. >> huge amount of culture, millions of visitors. stuart: can president trump go on on a state visit and dine with the queen? >> president trump will come on a state visit to britain. the invitation's on the table. the only question is when he would like to make that visit. he may well make a working visit to the u.k. first, but we look forward to seeing him whether a working visit or a state visit in the u.k. soon. stuart: i called my brother or the other day who lives in england, and he has the same last name as me, and as soon as he heard my voice, he said, stuart, what the devil are you doing over there? what the hell's going on? i took that as a sign our president is not popular in britain, but you say he's okay? >> i think he's okay, i think he's fine. i think we greatly appreciate the leadership that he's shown on the russia issue, and i think the relationship is in great shape and will only get stronger. stuart: mr. ambassador, it was a

pleasure. >> thank you so much for inviting me. stuart: when i say something different, i mean something really, really different. [laughter] volkswagen, as in vw, pulling off one of its biggest surprises at the new york auto show. foxnews.com automotive editor gary gastineau is there. vw releasing a pickup truck? are you kidding me? >> reporter: stuart, i think i heard you say you've been in the united states for 40 years. back then, they make a pickup truck on the rabbit compact car, this is based on the atlas suv it now builds in chattanooga, tennessee. it's a mid-sized truck and not even really a truck. it's basically a crossover. it would have a car-like ride, all-wheel drive, a v6 engine, but it's aimed at the adventure buyers who aren't looking for a work truck. it's got this big bed back here, even a little door that goes into the cabin in case you've got a surfboard or a kayak.

it's a concept right now, it's been getting great attention here at the show. i would not be surprised to see them selling this in a couple of years. stuart: gary, i take it you cannot tell me o if there's -- if there's a white sticker that tells you how much. >> reporter: no, but i'll tell you this, honda makes something similar called the ridgeline, that starts at about $35,000. i would imagine this would be in that rough price range. the atlas suv that it's based on starts around $30,000. it'll be more of a premium play. again, it's not a pickup that you're using as a work truck, it's going to be something that a family's going to buy or someone looking for adventurous activities. stoofort stuart all right, gary, you and vw came through for us. gary gastineau, thank you, sir. next case, netflix appointing a former national security adviser, susan rice, to its board. rice is probably best known for blaming a video for the benghazi attack, and her former boss -- president obama -- he's in talks with netflix to work on specials

for the streaming site. the stock is down a fraction. now this: president trump wants to deny citizenship to immigrants accepting public benefits. the judge on that is next. and there was an i.c.e. raid in phoenix, arizona, yesterday. we'll give you the details on that in just a moment. we'll also be joined by california city councilman who is challenging assemblyman chad mays who is one of the three key founders of the new way california, the new gop organization backed biesome warts networker -- schwarzenegger. we'll be back. ♪ ♪ ♪ racing isn't the only thing on my mind. and with godaddy, i'm making my ideas real. when i created my businesses, i needed a way to showcase it. ♪

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>> i'm nicole petallides with yourx business brief. a close look at dow component boeing. boeing is trading to the upside today despite some headlines that may have spooked investors, but when you break it down, it's all right. boeing was hit by the wanna cry virus but say that is the attack caused little damage. as i said, the stock is to the upside. the details come like this: limited to just a few machines. the company deployed software patches. there was no interruption to the 777 jet production program, and the military and services units were not affected.

the company big picture had this malware with, but it affected only a small number of the systems. everybody remembers wanna cry when it first surfaced back in 2017 worldwide as a cyber attack, but today boeing has this one under control. ♪ ♪

stuart: in phoenix i.c.e. agents taking nearly three dozen illegals into custody, most of them from

guatemala. the agents raided a house as part of an investigation into a human smuggling operation. the feds say a tip came from a neighbor that led them -- >> i'm going to -- [inaudible] stuart: our next guest is run figure a seat in the state assembly, his challenger working with arnold schwarzenegger and john kasich to revamp the california gop. andrew kotyuk, city council member in california. welcome to the program, and i want you to tell us where you differ from this new way california, this new look of the gop that arnold schwarzenegger's trying to encourage? >> yes, good morning. real quick shout-out, it's vietnam vet day, so to all the veterans of vietnam, thank you for your service. with that being said, new way california, i mean, let's get this straight here. our mentor and leader for the republican party in california is supposed to be arnold schwarzenegger? is that what chad mays is saying?

this leader, governor, had the lowest ranking by the time he left, he broke all his promises about not taking special interest money, raising the debt in california. he championed the high-speed rail train, and now he's believing in this cap and trade that we can solve global warming in california, but we can't solve education, we can't solve our highways, our dams, our health care, our pension systems, but we can fix global warming? please. stuart: obviously, you don't think much of this new way california from mr. schwarzenegger. however, do you think you can win and exercise real political power in california if you're stuck -- if you stick with what i'm going to call mainstream gop? that is, opposing illegal immigration, opposing sanctuary state and city status, building a wall? can you win in california with policies like that? >> stuart, i'm so glad you asked. on this situation it used to be that the country followed

california. now california is following the country with the wave of trump. and what we're seeing is i've partnered with the gas tax repeal and carl demicro, we're going to repeal the gas tax and replace chad mays. and this is a moderate issue, both party lines and independents do not want the gas tax. and the number one supporter of this is the latino population which, as you know, is the largest demographic. so we're seeing this more conservative movement in the state moving that direction. and you talk about trades and unions? who do you think this hurts? you're talking a dollar raise in gas tax of cap and trade. all of these municipalities' energy costs are going up by 33%. guess where that money's not going? to all those trade unions. stuart: so you think you can split the hispanic vote which had been monolithically democrat, you believe you can hive some off to vote republican? >> if there's ever one thing that we've stood for as republicans, it's fiscal

conservancy. and when you look at our state and how broken it is, our poor is out of control, our homeless, our poverty, our unaffordability here. worst in the nation with education. please, you know, we're taxed the highest on top of being the largest port of entry, number one in manufacturing, silicon valley, napa valley, biotech, hollywood, taxed the highest and everything's still broken? this is a resonating voice across california where people are supporting the gas tax repeal. that's the first domino to move california in our direction again. stuart: andrew kotyuk, thank you for that shout-out for vietnam vets. they deserve it on this day, and we appreciate it. thank you, andrew. we'll see you again soon. >> thanks for having me, and let's make california golden again. [laughter] stuart: okay. i always refer to it as the formerly golden state, so why not? [laughter] now this: new numbers show the percentage of people being audited by the irs has fallen to

its lowest level in 15 years. about 1 in every 160 returns audited last year. that's down from 1 in 90 in 2010. the irs has been hit by budget cuts, it's lost nearly a third of its enforcement staffers in the last decade. downgrade for starbucks from the investment firm web bush. they now say it's going to $56 a share, they had been holding out for $70. that didn't happen, they think it's to 56. sales down at finish line. they sell shoes. when sales go down, so does the stock. it's off 2.5%. breaking news, president trump is getting ready to head to ohio. he's going to deliver a speech will on infrastructure. where is he? >> going to richfield, ohio. he's going to make this push, he unveiled this plan back in february to use $200 billion in federal money which he says, believes will spur at least $1.5 trillion in spending over the next decade. of cours to repair or replace highways, bridges, ports,

airports, the basic infrastructure. the push babs on it has been it relies haughly on state and -- heavily on state and local governments to pick up a lot of the extra costs, leading people to say we're going to have commuter tolls on every road. stuart: okay. the president there in marine one is about to board. got it. okay. president trump wants to deny permanent resident status to immigrants who accept public benefits. the judge on that coming up. ♪ ♪

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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: the president reportedly floatig the idea of denying permanent resident status to immigrants accepting public benefits. all rise, judge napolitano is back. now, you may have heard meed tomorrowize on this -- >> i did not. i can only guess what you think. as much as i watch the show and i'm not on it, i was otherwise engaged with system of our colleagues. stuart: look, i understand, judge, you don't have to watch every second. >> ashley, bail me out on this one. i want to come back. [laughter] >> good luck. stuart: there is a proposal that if immigrants are in this country and they're applying for

permanent status, when they go for their immigration interview, the agent may say, hey, do you accept the earned income tax credit, for example, a check from taxpayers every year? do you accept other things? other welfare forms? and if the immigrant says yes, they could be denied permanent status. i think it's great. >> i understand the president's proposal. there's a unanimous supreme court opinion rejecting it. [laughter] which basically says you give a benefit to citizens, you have to give a been fit to aliens -- stuart: wait a minute. wait a minute, judge. the existing rule says that you may not become a public charge, okay? what's wrong with expanding the definition of a public charge? because if you're taking money off the taxpayer as an immigrant, you are -- >> this is such an awkward hinge for me to address -- thing for me to address because in my world the government would not be subsidizing existence. the government would just leave it alone -- stuart: address it anyway. >> -- and they would leave it to

charities. here's what the supreme court has said, if you offer a benefit -- public schooling, emergency room, social safety net, $500 a month for an apartment so you have a place to sleep at night -- to citizens, you have to make that available to non-citizens. you cannot make a distinction on the basis of, you're going to love this word, alienage. and they are consistently stuck by that. i'm saying this as somebody who understands what the president wants to do, who believes politically that's a wise and proper thing to do. but the courts have been against it. stuart: it's to whether or not you can stay here permanently or not. >> yes, i understand. stuart: there's a difference. >> but you can't make that distinction. you can't say to the varney family you can use the investment tax credit, but to the fill in the blank family you can't because the fill in the blank family is a non-permanent resident, and the varney family are citizens. you can't make that distinction. under these supreme court cases. stuart: when i became a citizen, i a had to show that i was not

going to become a public charge. >> a financial burden. stuart: right. a financial burden. >> that's the expression. stuart: i had to show i've got these assets, you did too. >> yes. stuart: i'm not a financial burden to society. what's wrong with that? >> there's nothing wrong with that. but if you were -- i can't imagine youing with a financial burden -- you being a financial burden to society, because without you paying your taxes, the government would be bankrupt. [laughter] stuart: that was good. >> but if the government makes a decision about giving out benefits -- a gift, not something you have to pay back -- on the basis of where you're from and when you got here, the supreme court has invalidated it. stuart: i think you and i agree in principle, we should be allowed to choose who we want and reject those we don't want who will cost us money. >> correct. we agree in principle that our people are coming here just to take money from the government, that would be a reason to reject them. that's the -- stuart: you're such a lawyer. you are such a lawyer.

[laughter] you'll never get out of that -- >> you're very happy today. i don't detect any bitterness. >> i don't know why. stuart: well, the ratings are good. [laughter] thank you, judge. >> all the best. stuart: more "varney" after this. big rally too. ♪ ♪ . . . .

stuart: releases audio of conversation between two commercial pilots who claim to have seen a ufo flying over the arizona desert. listen to this. >> anybody pass us 30 seconds ago? >> negative. >> ufo. stuart: there have been several such incidents. ashley: this was in the arizona desert, not far dare i say from rosswell, new mexico? no official word on this. could have been a weather balloon. these conspiracy theorists,

these two pilots saw it. it flew above them at high rate, radar said, there is no one there. stuart: you're a believer? ashley: absolutely. why not in. stuart: what do you mean why not in. ashley: we can not be the only intelligent life and that is dubious. stuart: you are a dumbledore. >> i'm a dumbledore. >> who said we were intelligent life in the first place. thank you for the rally. i'm charles payne in for neil cavuto. bringing a rocky quarter to a close. on pace for the first down quarter since 2015. first where is this market heading,