billy graham. [laughter] maria: only a first lady could. dagen: i thank the president and humor and easing the sense of loss with the humor. barbara bush looking at one of the doctors, george is the way he is because i smoked and drank when i was pregnant. that's a story i will be telling over and over again. maria: i love it. best parts of the interview. thanks, dagen. let's get back to stuart varney, varney & company begins right now. stuart: good morning, maria, good morning, everyone. to put it mildly, this was a surprise, cia director mike pompeo made a secret trip over the easter weekend, they kept the secret very well. he's only just come out. pompeo was laying the ground work for the summit. president trump and kim jong un face to face, this is a remarkable breakthrough like president nixon's opening to china preceded by kissinger's secret trip to beijing. consider this, kim goes to

china, north and south hold a summit. japan's leader confirms with president trump today and next month maybe a historic trump-kim meeting. no other president has come close to getting all the moving parts aligned like this. back home, california's governor brown, oh, he's got a problem, a growing revolt against sanctuary state law, 3 and a half million people join the federal lawsuit opposing the sanctuary law and the city of los alomitos has vote today defy it. the governor dismisses it all. he appears to be rattled. to the markets, going up again this morning after two days of solid gains, it's all about profits and they are looking good, really good. varney & company is about to begin. ♪

♪ >> grab the lady and pulled her back in. another gentleman had come over and helped him get her -- helped him get her back in the plane. stuart: that was after the southwest airlines engine explosion, we need more on this, ash. ashley: what a horrible story, laguardia on route to dallas when the right engine, you can see blew up, smashing a window and passenger 43-year-old jennifer was in the seat, she was literally subbinged out through the window, not all the way, passengers say from the waste above she was outside the window because of the pressure, of course, 32,000 feet going 500 miles an hour, they managed dye separately passengers to pull her back in but she suffered severe and ultimately fatal injuries. already the ncsb says we believe

that it was one of the fan blades as a result of possible metal fatigue came loose and that created the explosion in the engine. you read some of the accounts the the plane dropped 300 feet a minute to 10,000 feet. some people immediately, payday bucks went to media to say last good-byes to friends because they thought the plane was going to crash. stuart: the lady right there. >> new capital sully. one of the first female firefighters in military history, one to have first woman to fly f-18 fighter jet. here is what happened after ash described. the airplane started to plunge 3,000 feet per minute. she had nerves of steel, cool, calm, collected, calls into

radio traffic control, so we have part of the aircraft missing, we are single engine. air traffic asks, is the plane on fire, she said no but we are going to need to slow down a bit. it is not on fire, she then got it under control and brought it in for a typical smooth landing, not only that, after she landed the plane, she talked to each of the passengers, so now she's being called an american hero. stuart: rightfully so. ashley: yes. stuart: well done, everyone, what a story. all right, i'm going to switch to money, i'm going to tell you how the market is going to open this morning, up again. we've had two days of very solid gains, monday and tuesday, this wednesday morning 20rbgs minutes from now, we will go up 80 points on the dow industrials. take a quick look at morgan stanley, profit getting a nice boost from that tax law and increased profits from the market's big swings lately on the trading desk. the stocks will be up almost 2%. come on in peter maricie, i want

to talk profits, they appear stronger than what people thought were going to be, are they strong enough to get us above the highs for the dow back in january? >> i think so. it's not just the profits. if you recall i predicted those. it's also the fact that it's becoming apparent -- [laughter] >> i did. stuart: i know you did. make your point, go on. [laughter] >> facebook is rebounding nicely and it's becoming obvious that it's going to be very difficult to really regulate facebook or do something about google, that their future is probably pretty good. it doesn't mean they are out of the woods but pretty good. you put that together with strong profits and people are feeling better and the other thing that's coming out is that the global economy seems to be immune to the trade war, so in terms of growth. so you put all those things together and that starts to get the stock market feeling good about itself again.

my feeling is we can get there. stuart: good enough. didn't you once say on the program that we are heading to 30,000 on the dow industrials, did you say that, peter? >> i did. that was before donald trump decided to make more on amazon, unfortunately, that's the one thing that concerns me, he has to start being supportive as opposed to, you know, saying these things. stuart: pulling that back a little bit. >> i have to given what's have to, 30,000 by the end of the first term is going to be tough. stuart: got it. i want you to listen to senate majority leader mitch mcconnell, wait for it, talking about the budget. he's really calling out the president, roll tape. >> i agreed to it, you know, he was involved in the negotiation and signed the bill, but we had agreements with the democrats -- you can't an agreement one month and say, okay, we really didn't mean it. stuart: all right, peter, i read that that don't expect any cuts from the spending bill.

>> i think that's right. mcconnell is wedded to the 60-vote rule and worried about the senate than vitality of the nation. bottom line. he had to make a deal between essentially mccain an the democrats to come up with 60 votes, more defense spending and more domestic spending, gun and butter, something we can't afford, no cuts in entitlements, so this is where we are at. mr. trump might not like it b but look what they offered him, they basically made this deal and said you sign it or you become captain shutdown. i mean, here is the pistol, put it to your temples, come on. mcconnell has made bad deals with democrats, sequestration with president obama and now this, he's very good at deflecting responsibility for his irresponsibility. at some point, the 60 vote-rule which is not in the constitution has got to go and the party responsible for governing all they have to say is i so wish it

was mr. mcconnell that was going to passture instead of mr. ryan. stuart: we do hear you, peter. >> i try to be plain. [laughter] stuart: you look almost humble, uncharacteristic of you. we will see you again soon, thank you, sir. moving on, i've got the gun activist david hogg tweeting, this look at it, black rock and vanguard group are biggest investors of gun manufacturers, if you use them, feel free to let them know. that, liz, that's the boycott movement at large, isn't it? what do you make of it? >> sometimes the boycotts are effective. this is kind of a stupid move because vaunguard and black rock have made clear that they do invest and have units for investment away from gun manufacturers, black rock, isn't that correct, now they don't have any money, activist managers do not have a cent invested in any gun manufacturer, they do have index funds and what david hogg should

be going after is the group that constitutes the indices and figures the gun manufacturers should be in there or not. vanguard and blackrock have billions of dollars. those stocks are indices. doesn't make any sense. stuart: doesn't make any sense, it's not going to work. >> it's not going to work. stuart: do i want to talk about starbucks, the big news is they are going to close 8,000 stores in the united states, they will conduct antibias trading, this follows the incident in philadelphia. that on the part of starbucks is a very strong response, what do you make of is this? >> i think the response has been very smart and strong from the beginning, having the ceo fly to philadelphia, meet with the gentlemen that were involved and was good public relations. the next thing will appear, enterprising reporter will look cl at the starbucks store are

being cited and, you know, have racial training, why this one and not that one. that'll be interesting story. the truth is starbucks have set themselves as ethical provayer. that's kind of warning to other companies, don't set yourself out there as moral arbiter because this can lead to this kind of problem. stuart: i have 30 seconds left, i wonder if i can ask you, i wond hear the pompeo meeting with kim jong un is a major breakthrough, lizzie? >> i think it's important for a lot of reasons but also because his confirmation is a little bit up in the air right now, tim cain as opposed it and this abolishes the argument. >> stunning tbreak the status quo dealing with north korea, watch this, the trump administration announces tariffs in china and next week meeting with kim jong un, we have to

talk about tariffs as well. stuart: big deal breaking this morning. check futures. the dow was up 200, it's going to be 60, 70. big computer glitch at the irs forcing them to extend deadline to file your taxes, you have an extra day, lucky people. president trump has confirmed cia director and secretary of state nominee mike pompeo did meet with kim jong un face to face, north korea, major diplomatic achievement, sad news, former first lady barbara bush died last night. she was 92. maria bartiromo spoke with former president george w. bush and here is what he said about his mother. >> she had great faith, she truly believes that she is -- there's an after life, that she'll be wonderfully received in the arms of loving god and therefore did not fear death and as a result of her soul being

comforted on her death bed, my soul is comforted.

stuart: well, look at ibm, this is premarket down about 5%, that's $8 lower, what's the problem, they've made a lot of money and sold a lot of stuff but the profit margin weakened, don't do that, they'll take you to the cleaners, that's what's happening. now, today, what do we have, the irs, they've extended the tax deadline after what's described as a computer glitch. ashley: one heck of a glitch, you have until midnight today, extra day to file taxes and returns, the direct web pay web page, basically the glitch, it crashed. a lot of people doing this now and maybe the system is overwhelmed. we don't know the exact cause but also took down what it called the payment page where people can actually pay taxes in

installments, bottom line is took until 5:00 p.m. eastern time in the afternoon for it to come back online and therefore the irs apologized and said you have an extra day. stuart: if i express any sympathy of the irs i'm dead. ashley: they have a whole year to prepare for the big day. >> not a shock. [laughter] stuart: let's get serious as if your taxes are not serious. president trump tweeting on north korea, watch this, mike pompeo met with kim jong un in north korea last week, meeting went very smoothly and a good relationship was formed. details of summit are being worked out, denuclearization will be a great thing for the world but also for north korea. chairman of the american defense international and author of the new book the new terrorism, van is with us this morning. >> good to be with you. stuart: i'm glad that you're here today. you know about this, though, number one that's an

extraordinary diplomatic breakthrough, but number two, denuclearization of north korea is on the table, now that's -- i know it was there but that's a shock. >> you know, richard nixon had a saying seize the moment, i came on the network right after it was announced in march, we need to seize the moment, seize the moment and set the stage and tone to get the president to close the biggest deal of all time. that's what he has done with pompeo. this guy is the real deal and great secretary of state. next week the leaders will come together and word beginning to come out that they may announce the end to the 68-year state of war that presently exists. stuart: because there is a state of war, it's not been resolved. >> absolutely, you know what, stuart, it's american strength and leadership that has gotten us to this point. stuart: where might this summit meeting take place, i hear all kinds of suggestions? >> they've had all suggestions, i recommended for off bed to do it in paris, why because macron

understand it is iranian threat and great enablers. it's going to be in asia. this president pulls this off and the summit is successful and we do go down the pathway to denuclearization, this president will deserve the nobel peace prize. this will drive folks nut but -- [laughter] stuart: drive them nuts. >> absolutely. stuart: really, what gets me is denuclearization of north korea is on the table. that's phenomenal. can you really see that happening? they are abandoning the nuke that is they spent two generations developing? do you really see them doing that? >> it's historical. they have several nuclear test sites but the biggest, i used open source intelligence and looked at satellite images back in early march, you see a lot of personnel, this is where the

tunneling takes place, underground nuclear test, satellite imagery taken after it was announced that the summit would take place, big time deescalation of the personnel of the the site and the tunneling has stopped. america's strength is working. stuart: yes, but what do we have to offer -- we have to give something, what would that be? moving american troops from south korea? >> i tell you one thing won't happen, the president won't give kim jong un $150 billion to play nice. stuart: are you sure about that? $150 billion would be a relatively low price, they got rid of the nukes. >> this president knows how the negotiate. prime minister abe is meeting, i think the president is going to address that too because abe has become one of the best allies he's got. stuart: by the way, you'll

receive an important award tonight and we want to make reference to that. it's an honor. >> thank you very much. thank you. stuart: we will take to you later, where are we going to open the market, i will tell you that we are going to open up. momentarily we will take you to new york stock exchange where a moment of silence will be observed for barbara bush. [silence] [inaudible conversations] baby boomers,

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stuart: san diego county votes to join the government's lawsuit against california's sanctuary state law, liz peek still with us. this is a revolt, isn't it? >> look, i think this is completely appropriate and terrific that someone is taking on governor brown, incredibly left-wing position that he's taking on immigration. this is now, i think with orange county and this one, 15 to 20% of california's 40 million voters. i have to think this has some impact on the 2018 elections and

seats that are coming up in california. i think it's great news and i hope to see more towns come on, probably not more counties. liz: 15 cities now and two entire counties are revolting, so jerry brown says no national guard troops at the border and all of a sudden they are revolting. by the way, immigrants from méxico saying we don't like the sanctuary state policy, the state sanctuary state policy, we don't like it at all. stuart: griff jenkins confronted governor brown about this and governor brown responded it's just fox news, fake news fox news. ashley: o really? stuart: the man is rattled. i'm telling you. we have more on california coming up for you, troy edgar is going to be with us, he's the mayor of los alomitos, his city has just voted not just to join a lawsuit, oh, no, his city has vote today defy the sanctuary law, so you're probably going to get some action fairly soon. more varney after this.

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stuart: you know it's quite possible that in 30 second's time when this market opens we will see the third consecutive day where the market has gone up right from the opening bell, monday solid gain, yesterday we were up 200 points by the closing bell and this morning we

are expecting a gain of maybe 40, 50 points, not a blockbuster open but slightly higher nonetheless. don't forget -- we will take it. don't forget ibm is a dow stock and that's way down and that will hurt the overall dow average. bang, it is 9:30 we are up and running, where did we open? up 34, 36, 40 points, now we are down 21. i guess that was ibm. ibm came on stream right there, huge lost today. ashley: down more than 5%. stuart: that hurt it is overall average but we are coming back to virtual dead even. if you look at the left-hand-side of the screen, the vastly majority dow stocks are up. ibm is the problem. s&p 500, where is that opening up this morning? a fractional gain, .1%. that's 4 points. how about the nasdaq, where is that opening this wednesday morning, i will tell you when i see it. there you go. it's up, .1%.

so we are flat to slightly higher all across the board. look at morgan stanley, the latest big bank to report very good profits, they've got a boost from the tax law and increase trading profits or good news, the stock is up 1%, 53. now, ibm, just look at it, down 5%, that's an 8-dollar drop at 1.52. i think that's about 50 points off the dow industrials. roughly speaking, 50 points down. that's how we've opened. joining us ashley remember -- remember elizabeth mcdonald. huge profits, is this enough as we have been asking all week to a second leg up for the markets? >> i think we are going see a second leg up, i could see another 2 or 3%, however, if we are going make new high this is year, maybe we will see the

classic rally, keep in mind, yellen and greenspan in january called this market a bubble and that -- that proceeded the huge drop in february, so i don't we will have enough to make new highs this year especially with four interest rate hikes. stuart: we are safe. >> i think we are safe. i think the market is very safe. ashley: what about politics in this? what if the democrats get the house back? does that all get jammed up in washington and impact the market? >> you know, i don't think so. the proof is in the pudding that we have seen the growth agenda work. so i think it would -- ashley: but if the democrats try and reverse it all couldn't that have impact? stuart: hard time reversing. ashley: taking tax cuts away, maybe. [laughter] stuart: eddy is with me, in my right, not politically. [laughter] stuart: profits, real strong, good enough to set new highs for the dow? >> i believe so. i think so. i think eventually the markets

come back to fundamentals. let's take a look after january what happened. here are things that have caused the markets to drop, trade war fears, fears of interest rates getting too high of levels. what happens if we don't have a trade war, what happens if we don't have interest rates spiked too high, i don't think either one of those scenarios are going to happen, so when we go back and look at the fundamentals and have a slow-rising interest rate environment, we don't have a trade war and profits are at record levels and that's being ignored right now. so what we are seeing here in the last couple of trading days is some of the noise is going away and we are looking back at the fundamentals. stuart: ladies and gentlemen, two experts on either of side of me, none of them to worry about a downside move. that's the bottom line i am hearing. >> the path will be choppy. we will hit higher -- stuart: choppy, i like it. president trump calling online retailers, here are treats,

states are cheated so badly by online retailers, very unfair to traditional tax paying stores, that's a shot at amazon, should amazon be worried? >> i don't think amazon should be word. amazon is a fantastic company. they've proven that. it's no secret that the retail space has been decimated because of amazon and i think one thing that will happen because of this focus is there's going to be a closer look at the tax issue with this. if there's retailers that are avoiding taxes because they don't have locations on site on that state and you have retail state that have brick and mortar paying a tax, that could be unfair advantage. you will see tweaks in the tax code. i don't think you will see -- liz: it's at the supreme court right now, the news is the supreme court is divided on sales taxes for online purchases whether there's in physical presence in the state. stuart: we don't have a decision till june. liz: that's correct, it's in

front of the supreme court right now. stuart: amazon will team up to sell smart tv's, i thought they were rivals. ashley: both of the companies are technically rivals but they say we are so integrated this makes sense, what they are going to do is have televisions powered by amazon's smart tv operating system on toshiba and best buy's brand insignia. what do they get out of this, best buy, first time get access to online consumers on amazon which is good for them and amazon has more potential customers for its system that is have the alexa voice assistance. so, you know, look, it's good for both companies, yes, they are rivals but they are right they are very much integrated. stuart: both stocks are up. 15 bucks a share. liz: best buy almost died and left for dead six years ago. >> this is better for best best

buy than amazon. >> the client base is so much bigger, so best buy will definitely leverage that better. stuart: huge. check the big board. now we are moving up a little bit. not that much, 40 points huer for -- higher for the dow. better profits at united airlines, the stock is up one and a quarter percent. look at southwest after the fatal engine explosion the stock virtually unchanged. never forget about ge, it bottomed around $11 a share bouncing now close to 14 as we speak. facebook provides a preview of its privacy makeover, it will allow european users, european users to opt out of targeted ads and facial recognition, that applies to europe, not to america, facebook hardly changed 167. look at netflix, big nice pop yesterday after putting strong numbers, down just a buck today,

334. let's talk streaming more, espn teaming up with roku, that's a surprise to me. why is roku down 30% this year, jason? >> there's too much competition. i mean, you to look at the mote that all great valued investors look for, i don't see major mote, there's apple tv, there's chrome cast, that's the reason why it's down 30%, it was flying high after the ipo, there was a lot of hype and buzz and coming back down to earth where it should be. stuart: okay, but it is a competitor in the crowded streaming field. >> of course. stuart: now starbucks as we said, they're going to close 8,000 stores in america for one day in may, i believe, they are going to conduct antitraining mission after the incident in philadelphia, what do you make of this, eddy, the stock is doing nothing at 59? >> i think from a company standpoint they are doing the right thing, they are being aggressive, they attacked it

right away. what happened in philadelphia should not have happened and instead oh ceo waiting a few days to make a statement they aggressively went after. they are closing businesses on a day to do training, they will lose money in the short-term but show it is commitment to their employees and train to go try to avoid any future things like this happening, so from a pr perspective and from a business perspective, i think they've handled this as best as they could considering the situation. liz: for the future people bring to smartphones and linger in starbucks, they have to be careful about how they do with issues like this. stuart: happens to everybody whether they want to use it whether they bought something or not. >> charge rent for people sitting at the table hours and hours. i'm ridding. ashley: starbucks has 13,000 stores, they are doing it only 8,000. the 8,000 actually are actually owned by the company, the remainder to have 5,000 are licensed. >> corporately owned so they could do that. stuart: okay, i want more on the

boycott movement. gun activist david hogg calling out blackrock and vanguard for gun-related investments. i don't think that's got much traction, how do you boycott vanguard. >> if you own the index, the companies are in there anyway. blackrock have come out that they have investment -- etf's that don't have companies in there. as investor you have a choice. liz: vanguard too. >> i think the bigger issue is, i talked to a police officer the other day, he said right now looks like texting will cause more deaths while driving than dui's, we are not going to boycott cell phone companies, what we have to do from a perspective is educate people on how we can try to work together and try to minimize some of the future crisis from happening. stuart: last word to you, would you buy the stock at 59? >> sure, 93% of vanguard funds do not invest in gun

manufacturing. stuart: i'm sorry, jason, i made a mistake, i was referring to starbucks and not vanguard. >> that's okay. [laughter] stuart: i'm an old guy. >> i like yes better than no anyway. [laughter] >> 93% of vanguard guns do not invest in gun manufacturers, education is key versus a silly boycott which won't have any effect. >> it won't change what the problem is, the problem is trying to make places safer and avoid the incidents from happening. boycott a gun company and avoiding investors is not going to address the problem. nicely put. thank you for bailing me out. jason, eddy, we appreciate you being was. >> thank you. stuart: see you again soon. >> all right. stuart: where is the market, ten minutes in, we are up 9 points. i'm going to say flat to ever so slightly higher. by the way, there we go. some special guests coming up today. those are my grandchildren.

ashley: wow, look at the red hair. stuart: they are five of my nine. you will only see three of them today, but you'll see them in the 11:00 o'clock hour. lucky you, a little added bonus for the show. we try to keep everything in the family. [laughter] stuart: they are on contract. [laughter] ashley: which you get a commission. stuart: certainly, i'm their agent. all right, shocking number for you, today more than 15 million work for uncle sam. newt gringrich on the explosive growth of government and what you can do about it, he's next now i'm thinking...i'd like to retire early. let's talk about this when we meet next week.

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almost, we have reached 24,800. how about that? now we've got tesla, they've set a production goal for the model 3. it is, nicole, come into this, please, it's ambitious goal, isn't it? >> it seems quite large, indeed. this is according to tesla quoting that they are ramping up production to 6,000 model 3 cars per week by tend of june, morgan stanley put out a note that they don't believe that that's possible, even 5,000 a week by the end of the second quarter but achieved by the fourth quarter. they had two pauses, they have been ramping up production, they used robots and ramped it up and now the question is whether or not they really can get this up to 6,000 model 3's per week by the end of june. we will see if that happens. the other story that's

underlying story, more rules and regulations of automakers in china for tesla. stuart: that does help tesla in china, that's for sure. nicole, thank you very much, indeed. switch gears for a second. i have numbers for you, in 1790, 1,000 military workers and today almost 15 million, joining us now former speaker of the house knew -- newt gringrich and you're teaching a course and i think you can't stop it, can you? >> people are going to find that defending america core.com is because we have to get back to basics, most activities ought to be personal, we were very big on volunteerism, we thought that it was possible for people to help themselves, we gradually over the last 60 years drift intoed a bureaucracy knows best,

bureaucracy has to do it and i see some signs that we are shifting. we have the huge number of people leaving food stamps going back to work, we have the lowest level of unemployment we've had in a generation, we have, i think the best level of african american employment in american history and all steps are in the right direction. the challenge will be, you know, the first rule was could we get the economy growing and as you know because you cover it every single day the economy is growing, trump is having an impact creating jobs, the deregulation process is working. i think the second phase of trumpism is strong national security and certainly that's beginning to work in ways some of which i frankly think are remarkable such as pompeo's visit to north korea, those things are amazing. the third phase is going to be, can we profoundly shrink and reform government, that requires in part real reform of the health care system because it's

the biggest driver. you look at medicaid budgets, it's the biggest driver of state government right now in terms of the growth and size. stuart: sure, but the moment you say i'm going cut this, you are laughing because you know what's coming, you are going to be demagogue to death, you're starving children, you're ruining seniors, you know how it goes. one government worker, you cut it and you, sir, are dead politically. >> , no i think you've got -- i think you can have a smart conservatism and a smart conservatism makes life better for people. it doesn't want to cut things, replaces them, provide better futures, provides better alternatives, when i was speaker we balanced the budget for four consecutive years the only time in your lifetime. military reform. you look at the size of the pentagon, 31,000 employees

design today manage a global war with manual typewriters and carbon paper. there's no reason we can't reform the pentagon to make it a triangle and take 40% of it and turn it into a national defense museum. i'm giving you a psychological example but it's very real. look at what elon musk is doing and what jeff bezos are doing to the cost of going into space, they are building reusable rockets that are bringing down the costs of launching a pound into space by 90%. the problem is that nasa and the defense department are a generation behind, they are still building stage coaches while the entrepreneurs are building the railroad. you're right, i once wrote a book that talked about pioneers of the future and prison guards, lobbyists, big corporations, bureaucracies and unions, all the people who don't want change, our job is make change

exciting, dynamic, positive, if people came along and said, you can't use this, we are going to return to only having telephones that are wired where you have to actually stand there at a pay phone, you'd think they were crazy. stuart: true, true. just teach that course, please, newt, and we all live in hope. >> people go to defending america course.com they will see what we are trying to say that's positive. stuart: we will see you soon. got it. check the dow 30, ever so slightly higher. the vast majority of the dow stocks, the majority on the upside. this could be a real medical breakthrough, new research on the latest cancer drugs show they can extend the life of patients and cause the risk of dieing from that disease in half. dr. mark siegel next.

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that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management. stuart: listen to this, new immuno therapy drugs cut the risk of dying from lung cancer in half. medical correspondent dark mark siegel is with us. first of all, it's a breakthrough if you cut the risk in half but secondly, have to tell us what is immuno therapy.

>> by the way, yes, it's an amazing breakthrough, they are living over a year on average. over 600 patients in the trial, including nyu combined with standard therapy. immuno therapy, causes the immune system to recognize cancer as foreign invader. cancer is clever. has molecule that tells the immune system, we are okay, we are the same as regular cells, but by deactivating that molecule, the protein on the service of the cancer, immune system says, wait a minute, this is abnormal cell, this is an invader, i'm going get you and start to attack it. when you combieb it with regular chemotherapy which is poisoning the cancer cell you get a breakthrough. stuart: that's terrific stuff. >> this is the beginning of major, major changes in how we treat cancer. stuart: now, i do want to switch gears and talk about barbara bush, family and friends are remembering her, she died at the age of 92 late yesterday but you

have been talking about the importance of what you call comfort care, what she called comfort care in the last couple of days of her life. what is comfort care? >> comfort care varies depending on the patient and diagnosis, she's been a pioneer before as you know with literacy and volunteerism, here is where she's a pioneer, we don't think to think of comfort care for diagnosis, bright lights n her case, she said, enough, this is severe disease, i don't have quality of life left, she scaled back the idea that she would be taken to the hospital on emergencies and helped make her comfortable and we heard from the bush camp that in the last two days she had jim and susie, former secretary of state and chief of staff jim baker for bush 41 was there visiting with her. she took many phone calls on the

last day, president bush was holding her hand all day drinking bourbon. stuart: she was taking course from friends and bourbon. >> loved bourbon. stuart: quality life. >> quality life at tend and facing death with courage and strength which is what she was known for. a role model. great first lady. stuart: fine performance, doctor, thank you very much. >> thank you, stuart. good to see you. stuart: it's official president trump has confirmed mike pompeo, cia guy, he met face to face with north korea's leader kim jong un, this is laying the ground work for historic summit with president trump. it is a remarkable breakthrough. my take on that next.

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stuart: july, 191, secretary of state henry kissinger made a secret trip to china. six months later president richard nixon arrived in beijing for the historic meeting with chairman mao. now it is widely reported, and we have confirmed it, just a couple weeks ago cia director mike pompeo made a secret visit to north korea, setting up what would be historic meeting between president trump and kim jong-un. by any measure this is a breakthrough, very similar to nixon's opening with china. to other president has been able to do this, only trump. for the first time kim jong-un was confronted by an american president he couldn't quite figure out. he was clearly no pushover and he took nothing off the table. oh, to be a fly on the wall of kim's palace in pongyang when trump's "rocket man" tweet was translated to him. things are moving rapidly. kim goes to china to check with his paymasters. leaders of the north and south will hold a summit.

japan's leader confers with president trump at mar-a-lago today. now confirmation of the weekend visit. the meeting could take place next month or early june. the denuclearization of north korea will be on the table. never before have moving parts come together as they appear to be coming together now. of course the summit may not happen at all as the president has acknowledged but our president is in the driver's seat and that is extraordinary achievement. the second hour of "varney & company" is about to begin. ♪ stuart: 31 minutes in, i will call this absolutely dead flat. we're up, we're up two points. let's call it dead flat, be done with it. big tech names, got to check them.

facebook down. amazon up 14 points. apple down 50 cents. alphabet down, microsoft dropping two cents. same story for big techs, flat and frankly slightly lower. ibm, now there is a story. biggest loser of all the dow 30 stocks. they came in with a weak profit margin. the stock is tumbling down $10. that is 6 1/2%. that wipes 50 or 60 points of off the dow industrials. that accounts for the dow's loss. oil moving sharply higher. up a buck 24 per barrel at 67. morgan stanley says, the good times, we're talking the stock market here, good times are almost at an end. how about that? jack hough is with us, senior editor for "barron's." they say we already hit the highs in january. i don't know whether they're saying it is downhill from here. they say we will not go back from the highs. what says jack hough? >> i think stock market will

have a decent gape this year. we won't have rampant runaway gains we've seen in the past. everybody knew this year would be a monster year of earnings growth. everybody knows it has to do with the tax cuts. forget about the the cuts and oil. you have underlying growth rate pretty close to 10% right now. that is not bad for a core earnings growth rate. look ahead, investors are forward looking. i'm not convinced this economic miracle will pay for itself in the cuts. we'll get near term stimulus. next year could be eight to 10% earnings growth year two. so i see continuation of stock gains, certainly this year, perhaps next year too. stuart: you're telling viewers who may be anxious, hold tight? >> unless that, unless that 2.8% 10-year treasury yield looks tasty to you. it does not look tasty to me until something better under the sun. stick with the stocks. stuart: talking about three

specific stocks baron's is saying immune from political craziness in washington. take them as fundamentals. first one caterpillar. why do you like it. >> early cycle stock. industrials and banks are classic late cycle investments and caterpillar has come down on the terror fears. you get a little bit cheaper now than you did at start of the year. stuart: up two bucks at 155. red hat, i know you like it. tell everybody what red hat does. >> they sell an operating system you can get for free but they're able to sell it because they sell a highly, carefully curated version of it. if you're a big bank you want to pay for their version instead of downloading something for free anybody can tinker with. they're making great money in the cloud. companies are -- this is the chief of their company told me last week, this, we're companies used to spend on plants and equipment. now they're spending ferociously

on i.t. and the cloud. this is the beneficiary. we like it because the growth rate detaches then from the cycle. they're growing so quickly you don't need to ride every up and downswing in the economy. stuart: tell me about sales force. that is the third stock. they do payroll and hr, don't they? they outsource that. >> they're taking highly successful, cloud-based customer relationship management piece of software. they're parlaying that into lots of other things they can do the same way. cloughs-based applications for companies. cloud based platforms. the clothe is fast enough you're not as dependent on each swing in the cycle. we think the valuation is still reasonable. it has been doing well. stuart: it has been doing well. they have all been, a lot of them have been doing very well indeed. jack hough, thank you very much. let's get back to north korea. the president tweeted this morning. look at this. mike pompeo met with kim jong-un

in north korea last week. meeting went very smoothly. a good relationship was forked. details of summit are being worked out now. denuclearization will be a great thing for the world, but also for north korea. come on in christian whiten, a former senior advisor for the trump and bush administrations. i was shocked. that came out of the blue, out of nowhere. i think it's a huge breakthrough. what say you? >> this is a big deal. the president's opposition has been implying north korea was not serious meeting the trump misinterpreted whatever was conveyed to him by south korean diplomats and a summit for kim wasn't going to happen. this implies strongly that it will happen. trump very wisely is signaling he will walk away from a bad deal if necessary including the summit itself. looks like things are going in the right direction, a major diplomatic coup. stuart: that is extraordinary

statement they spent generations building up a nuclear force and building up big rockets to carry them someplace. can you really see them getting rid of all that lot after all this effort? >> i think this is the opening position and a smart opening position to have. don't negotiate yourself down before you even meet the opposition. realistically north korea in the current political construction will want to have some sort of nuclear capability as regime insurance and also still needs to have the united states as an enemy to justify its radically-oppressive rule internally. going in that a good aspiration. we could settle for freeze, dismantlement, arms control and end to uranium and plutonium production but this is a good starting point. stuart: what would we have to give up or give to them to get to that? >> the north koreans would like, most importantly an end it sanctions or reduction in sanctions. they talk about an end to u.s.-south korea joint military drills but really they want

money. money that helps ha regime survive. one thing that trump and frankly pompeo diplomacy over the last year really has done is crimp the supply of money. sort of ironic at the time of the great dip low gnat tick coup pompeo is facing tough opposition from democrats in the senate for his nomination as secretary of state. stuart: bottom line, kim jong-un and that regime has to survive because politics in north korea is a life and death kind of thing. the idea he might be swept aside and that means death and they will not do it. >> there is no going to the marcos, deposed filipino dictator suite in honolulu if he gets deposed from power. his opponents would do what he has done to his opponents or perceived opponents which would execute him. you're right. this is a big deal for him. stuart: bottom line, do you see light at the end of the tunnel. >> i hate to predict that with north korea. i think this will be an on and off again negotiation that goes on potentially for years and

it's important frankly for it to be prolonged and trump to be willing to walk away from a bad deal. if they come out and say early on, hey, we'll completely denuclearize they have done that before. would i be more convinced of their sincerity if they drove a harder bargain. stuart: no other president could have gotten us to this position, it's trump. >> it's a big deal. his willingness to do this, willingness to cut out -- people in negotiations, you can't send a president in until you know the outcome. doing actual diplomacy like heads of state used to do. stuart: how about that. christian white ton, see you soon. >> thank you, stuart. stuart: want to get to the deadly southwest flight. what is the latest? ashley: investigators for the ntsb want to know what the heck happened. looks like a fan blade came loose within that giant jet engine causing it to essentially blow up. shrapnel from the explosion

smashed a window. unfortunately 4 had 3-year-old jennifer riordan was in the seat and literally got sucked in through the window almost halfway through before passengers dragged her back in. she was 43 years old. executive from wells fargo. mother of two. was in new york for a business trip. going back to dallas and albuquerque where she lived. the idea how this could happen. we had an engine do this before and in that case the shrapnel shredded part of the fuse age but didn't hurt passengers. the idea of metal fatigue this is a popular engine and airbus uses the jets. the concern is how prone are they to metal fatigue to the part they could fall apart. stuart: thank you, ash. emerging from this i will call an american hero, the pilot of the plane who managed to get it down. liz: landed the plane smoothly given what happened before.

one of the first female u.s. fighter pilots in history. tammy jo schultz is being applauded for her nerves of steel, being cool, calm collected. here is the ticktock. it is harrowing. 11:30 the plane monks 3,000 feet per minute as it levels out at 10,000. as it was plunging calls to air traffic control. we have a part of aircraft missing. we have single-engine. we need to slow down a bit. air traffic asks, is plane on fire. no on fire. part of the plane is missing. there is a hole and someone went out. we're single-engine right now. at that point she took control, tammy jo schultz, being called the new captain sully and landed the stricken plane uneventfully like a typical landing. not only that she spoke to each passenger personally. stuart: two sides to the story. remarkable on both counts. lizzie, thank you very much. check this out please. tesla chief elon musk we know he

is sleeping at the office trying to deal with the current production problems for the model 3 but after his interview on cbs viewers had strong reactions, not to what he said but to the physical couch he sleeps on. so much so a gofundme page is started to buy him a new couch. $5,000 has been raised. if musk doesn't accept the money, it will be donated to charity. ashley: he can afford a couch. come on. stuart: david, that gentleman there survive are of the parkland shooting boycotting blackrock group because they invest in gun manufacturers. european union is slamming down on facebook, something our congress did not do. you're watching the second hour of "varney & company".

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stuart: let's call it like it is. it is flat to slightly lower. much of the dow's loss taken up by one stock, ibm, which is falling out of bed this morning. if it were not for ibm we would be absolutely flat. price of gold, up six bucks today. netflix earlier hit another all-time high. it has backed off just a fraction but netflix at 335. parkland shooting survivor david hogg encouraging his twitter followers to boycott both vanguard and blackrock because he says they invest in gun manufacturers. larry elder is with us, salem

radio nationally sinned is indicated host. this is the boycott movement and it is spreading, do you approve? >> i don't. furthermore, stuart, it is not even even eyou'll. the boycott against laura ingraham, she lost a few sponsors although one has come back. it is also true her ratings are higher than ever. look with gun purchases have gone up. amplifications for conceal carry permit are up. this happens when gun owners or perspective gun owners will be restricted coming down the road. i'm not quite sure what the purpose is. if the purpose is to influence congress to pass common sense gun control laws i don't know how boycotting investment firms that have gun holdings do that. i'm not quite sure what the whole point is. i have to admire his passion and his aggressiveness. stuart: okay. now let me move on to starbucks. big news from them. they're going to close 8,000 stores at the end of may.

it is for racial bias training. what do you feel about that? >> well, apparently a couple of black people went into a starbucks and they were treated in ways they thought were unfair. the ceo has gone an apologized to them. and now the entire company will be shut down for a whole day for racial sensitivity training. shows you there is zero tolerance for anti-black racism in the country. these are a handful of incidents of the so the company will have this kind of reaction? the fear if they don't do something, people may boycott them as well. part of the boycott movement again. again i have to go back to you, boycott movement seems to be spreading, taking on more issues an attacking more targets. i think this is a modern phenomenon. i'm not sure how successful it is going to be? >> i think you're right. people are choosing sides. people are choosing companies that have values consistent with theirs. i think nature of how polarized

our society is. unfortunately a feature of our society going down the road. i'll not sure what it does. the boycotts in the past have not been successful. all of this hysteria over what happened in parkland will go away. until the next shooting comes back, still nothing will happen. congress has not made if i move to do any kind of things david hogg wants. at state, local level things are happening but the federal level, especially in an election year, likelihood is pretty much zero that major gun legislation will be passed. so i'm not quite sure what any of this stuff is going to do. i admire their passion and their drive and their determination irk would you take part in if i boycott? for example, of this, vanguard group, to, would you boycott tobacco stocks? would you boycott liquor stocks? would you involve yourself in socially concensus investing and stop investing in any particular area? >> i can't think of any legal company that i would refuse to invest in.

it is legal for people to purchase cigarettes. we've had warnings since the '60s. anybody that purchase ad cigarette knows what he or she is getting into. i would have no moral problem investing in the stock. i haven't but i would have no moral problem with it, and would not shun any people that have done so. stuart: sir, you're typical american, larry elder, thanks for joining us as always from los angeles no less. see you seen. >> i don't smoke. stuart: there you go. there are developments out of california, san diego county opting out of the state's sanctuary state law. next hour we have the mayor of los alamitos. his city just voted to defy the sank -- sanctuary law, oh, no, defy this thing. more "varney" after this. ♪

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stuart: profit up at united airlines helped by higher fares that offset the rising cost of fuel and those winter storms. the stock is up 2 1/2%. look at southwest after that fatal engine crash. the stock virtually flat. it is up a buck at 55. you will love this. "forbes" list of highest earning hedge fund manager out of the it is a shock. emac. liz: michael flat. stuart: how much? liz: $2 billion. they only pay long-term capital gains rate, not income taxes. only pay 20%. stuart: billion in one year for

thatfy? liz: the guys we know about. david ten per, ray dalia. ten per made 1 1/2 billion. griffin 1.4 billion. daniel lobe 1.7 billion. stuart: incredible amount of money. liz: they invest in standard apple, bank of america, defense stocks. stuart: i don't think our viewers object to someone making a ton of money. ashley: if they make their clients money, fair enough. stuart: i bet they object to this pass-through deal where they pay a much lower tax rate than everybody else where it is taxed as personal income. i'm sure that sets off them. liz: president even said he doesn't like that. stuart: why wasn'twasn't it fixed in the tax deal. ashley: that is what we always say every time. liz: chuck schumer. stuart: there we go. president trump going after

amazon again, tweeting that states and cities throughout the land are being cheated by online retailers. i think it is personal. he just doesn't like jeff bezos. there is this. the irs giving taxpayers one more day it file because their site crashed on the actual tax day. more "varney" after this. the beatles coming up too. ♪ anna and mark are heading into retirement... and a little nervous. but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage

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pop music you actually hear, there it is bang. liz: hearing nothing for decades. stuart: tell you, folks, [laughter] check the big board, why not? we're down 16, 17 points, that is not a huge drop by any means. here we go. it is exactly 10:30. we've gotten hold of the new number how much oil we've got in storage. prior to those numbers we're at $68 a barrel. the number. ashley: we're down just over a million barrels, down not as much, a drawdown, not as. look at that price, 67.87. we haven't been at this price more than three years. why? a couple of questions about disruption in supply. reuters reports that saudi arabia said we would be very happy with oil around $80 to $100 a barrel. i'm sure they would. that was enough to suggest to push oil prices higher. stuart: 67, $68 a barrel right now. which means to me gas prices are

going up this summer. got it. a couple of stocks to quote. we'll have a look at ge. we've got the stock at 13.66. earlier it was close to 14. it bounced nicely off the 11-dollar level which i believe it hit last week. facebook providing a preview of its privacy makeover. be careful here. this will allow european users to opt out of targeted ads and facial recognition. that applied to european users, not to americans using facebook. the stock is down a buck. ibm, johnson & johnson, they're both dow stocks, both down sharply. look at ibm, down over nearly 7%. that is a reldrag on the overall dow industrials. if it weren't for ibm and johnson & johnson the dow would be up. president trump continues to take aim at big online retailers especially amazon. here is the tweet. states and cities throughout our country being cheated and treated so badly by online retailers.

very unfair to traditional tax-paying stores. axios media reporter sarah fisher is with us. you broke this story about the president going after amazon. i say it's personal. president trump does not like jeff bezos, founder of amazon, owner of the trump-hating "washington post." i say it is personal. what say you? >> i think you're exactly right. look, we don't see the president tweeting about some of same rivals like facebook and google. we only see these tweets coming in about amazon. look, those tweets have an effect. we're seeing now the supreme court is taking up case on this, a lot of attending around online sales tax. we'll see what it means for jeff bezos and amazon. >> do you think he could really have much effect? the supreme court is considering whether online retailers have to pay sales tax in various localities i got that. is there any other way the president could successfully go after amazon? >> the way that he should probably do it if he wanted to

have some impact would be to go through the doj which he is not supposed to influence to really get at them from an antitrust perspective. meaning amazon is too big. they have anti-competitive power. that will be really difficult for him to do. he could try to dissuade congress to pass laws around internet sales tax. it is an election year, i wouldn't expect them to take action either. the president is kind of stuck. stuart: that is an interesting expression. i don't know which way axios leans. i think you're pretty much dead down the middle. you're a news operation and that is what you do. but how do you feel about the president going after amazon? >> the president can take to twitter and say whatever it is that he wants. i agree with you, that he probably has a personal vendetta against jeff bezos which is why he is targeting them but at the end of the day it is sort of a distraction. like i said there is not much the president can do in this instance of the anything he says is sort of noise on twitter. stuart: as a media reporter what's your opinion of some of the language which the president

uses in his tweets? >> it is very effective. when you look at how the president communicates with his constituency. he uses very direct words. he is very repetitive. whether or not you agree with what he saying i think he is skilled communicator and his tweets get across what he is trying to say pretty well. stuart: very nice point. you are straight down the middle. you don't want to take a side politically, do you? >> no. stuart: good for you. welcome to the show. good to have you with us. >> good to see you. stuart: we'll see you again soon, that is a promise. now this, the irs is giving taxpayers one more day to file after the online site, the online pay site i should say completely crashed. dan mitchell of the center for freedom and prosperity is with us. dan, i'm going to catch hell from our viewers if i express some sympathy for the irs because they have been told to be the police force overseeing obamacare. that is an impossible task. they have had their budget cut

18% since 2010. i have some sympathy for them but i don't think you do? >> well, i will surprise you here. i'm a tiny bit sympathetic to the irs because basically the politicians on capitol hill who have spent now what 105 years creating this monstrosity of the 76,000 page tax code. ian well-meaning and honest bureaucrats would have a hard time enforcing that. i don't want to go too far this that direction because you mentioned they had their budget cut a little bit since 2010. if you go back over the last 50 or so years and look at inflation adjusted spending on the irs it almost tripled in size. they have a ton of money to spend. we've seen plenty of examples from the political hatchet job they did on the tea party to lois lerner's scofflaw behavior. there are reasons we shouldn't hold them in high esteem. stuart: i'm with you on that one, dan, believe me, absolutely

with you on that one. now more importantly there is this new report about unfunded pension liabilities for retired government workers. it now exceed the $6 trillion. that's $6 trillion worth of liability. you have to pay it out but you don't have the money. alaska, connecticut, ohio, illinois, new mexico, they have the biggest liability. look, dan, that seems to me to be a time bomb waiting to go off because we haven't got the money to pay. when does it explode? >> first thing it understand is, this is issue for state government because under reagan we actually reformed the retirement system for federal bureaucrats but at the state level, especially in places like illinois and new jersey, these things are ticking time bombs because basically the politicians sit down across the table from the union bosses that represent the bureaucrats and of course those union bosses are the same ones who fund the campaigns of the politicians and so there is nobody actually defending taxpayers.

they're more than happy, sure when you retire in 20 years you get a giant pile of money but they don't set aside the money like they're supposed to. as a result, these things will blow up in a really, really bad way. frankly, i wouldn't be surprised, even though technically there is no part of bankruptcy law that allows the state to go bankrupt, i think that is going to happen sooner or later. stuart: i live in the state of new jersey. >> move, move, quick. stuart: now, okay. i hear you, dan, believe me, i do hear but the new governor of the state, a democrat, his solution to this is to raise taxes. he wants to introduce a millionaires tax at precisely the moment when state and local taxes are no longer deductible against your federal thing. what i see is a mass exodus, especially from the new jerseys, california, new york, illinoiss of this world. are you with me? >> it is not just me being with you. it is what the irs data shows.

they track the movement of taxable income around the country and over the years, there has been a big shift of taxpayers and their taxable income out of the high-taxed states like new jersey. of course, as you pointed out, with the restriction on the state and local tax deduction, which by the way was a great part of last year's tax reform, it is going to accelerate. the new governor of new jersey not like he can put barbed wire fences around the border to stop people from escaping. one of the reasons, maybe it is the next recession maybe they can hang on longer than that, but sooner or later it will be deaf con 5, whatever is the defcon 5, whatever is the bad one. it will happen in these states. stuart: there is no solution available in the immediate future. dan mitchell, thanks for joining us. see you soon. remembering first lady barbara bush and her life and

legacy. martha maccallum will join me. kevin hassett also will be here in our next hour. ♪ tomorrow, it's a day filled with promise and new beginnings, challenges and opportunities. at ameriprise financial, we can't predict what tomorrow will bring. but our comprehensive approach to financial planning can help make sure you're prepared for what's expected and even what's not. and that kind of financial confidence can help you sleep better at night. with the right financial advisor, life can be brilliant.

♪ ashley: in the last hour stu talked with newt gingrich and the former house speaker told us that he's optimistic that

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sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. stuart: hownetflix? hit a series of new highs recently. this morning it backed off just a little but look at that, $334 per share. put up strong numbers earlier in the week. look at it go. the price of oil, a drop in the supply, drop in the amount we've got in storage i should say, so we're using a lot of it as demand goes up, so does the price, $68 a barrel as we speak. now we're remembering the life and legacy of former first lady barbara bush. joining us now is "story" host interest off, martha maccallum herself.

barbara bush was loved by absolutely everybody but i believe she made a mark in her own right, not just the wife after president but mother of a president, successor in her own right. >> absolutely. this is a consequential american life. this is a woman who was at the nexus of a president who was her husband, a president who was her son, a son who became a governor, those things don't happen by accident. she was very central to the success of herself and of all of these people. you know when you look back at the wellesley commencement speech, just for example, the young women there were unhappy that she was going to be the speaker at their commencement because they thought she did not represent modern women and yet she did. what's modern and what is feminist in my mind is to make your own choices about how you want to live your life, and the impact that you want to have in the world.

barbara bush had tremendous impact in this world. she was full of life lessons i think for some people. in terms of just living her life, she was no-nonsense. i think people have such an appreciation for real authentic human beings and she was who she was. she followed nancy reagan and she said all over america after the election of her husband, women with wrinkles and gray hair who are slightly overweight are rejoicing. she was just refreshing and real. stuart: what a full life. >> absolutely. stuart: barbara bush knew great tragedy. >> she did. stuart: lost a child. great anxiety. husband went off to war in the pacific, was shot down, all that. great triumph. the wife of a president, the mother of a president. i mean that is the kind of full life which i think all of us would like to emulate somehow or other. >> absolutely. absolutely. she was descendant from the piece family. she is one of the few, three

families that sort of crossed presidential lines on both sides and see was one of them. roosevelt is the other. nixon, eisenhower is the other. she was sort of born into this legacy of being part of history. and you're right, she lived her life with a grace. a lot of people would have fallen apart under some of the pressures she had. she lost her mother at a fairly young age to a horrible car accident. she lost her child, robin, who was her second born. george and barbara bush said that loss brought them closer together. sometimes it has the opposite effect. she knew life is full of ups and downs. she tried to live her way through them with joy and a sense of purpose. i think she set a great example. stuart: she did. what a wonderful lady. i will totally change gears, if that is okay with you, martha. >> please. stuart: it is called a segue. here is former president george w. bush on vladmir putin. roll tape. >> he is a very smart tactician.

the problem is his whole attitude on most issues i'm going to win and the u.s. is going to lose and so i'm not very surprised. i mean he is a very aggressive person, who wants to reinstate soviet influence. even though the soviet no longer exists. stuart: so, you covered this soup-to-nuts on this story of putin and trump and all the rest of it. what do you make of that from the president? >> that is very interesting, you remember back to the beginning of president george w. bush's time in office, he met with vladmir putin at his ranch in texas. he too was trying to ride that line, to reach out and to build a diplomatic relationship while at the same time being wary of what the russians were trying to do. he said, he saw into his soul at that moment and he was trying to connect with him. that is what presidents try to do. i think he is speaking from his own experience obviously that vladmir putin has very determined aims and he does want

to recreate the soviet union. that's his personal, professional and political goal, and now there is a war of wills going on between the current president and vladmir putin. and i think that there is so much confusion over president trump's feelings about towards russia, that has been around since beginning of his presidency. he is trying to do exactly what president bush was trying to do, leaving the door open for possible diplomacy, but that is the more peaceful route but to be wary but trust and verify as ronald reagan said. stuart: do you think you will have a show tonight from north korea and barbara bush. >> yeah. stuart: thank you very much, martha. >> pleasure, stuart, thank you. stuart: earlier this morning a few moments ago i said that ge had at one point hit the 11-dollar level. i misspoke. it did not. it hit 12 around very small change. the low i think was 12.73. right now, 13.69.

more "varney" after this.

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didn't happen. but we can dream, right? listen, they have had trouble reaching 2500 a week goal set for the last quarter. they're getting close to that. they're up to 2200 units per week on the model 3. elon musk says, let's shoot for the stars. we'll get by the end of the second quarter 6,000 a week and profitable by the third and fourth quarter. he has the fremont factory, 24/7. they will hire 400 new employees to ramp up production. based on what we've seen up to now you have to be skeptical. stuart: the market believes it is up. liz: he has been overpromising since 2012. you go back he, constantly saying this. he owns 27% of tesla. keep that in mind. stuart: owns 27%. that is a big chunk. now then, let's try to simplify this. if you are a facebook user and you are in europe, you have the

ability to keep your information private, at least to some degree. if you're in america and you use facebook you do not have that option. georgia congressman budly carter, buddy if i may call you that, i'm a little uncomfortable, buddy, you put zuckerberg on the stand, and we in america today, got nothing. can you explain that? >> well, keep in mind now this is only the beginning. zuckerberg represents only one of many that control the platform. we've got more work to do with this. yes, he is the most dominant in the area but at the same time there are others that we want to bring in and we want to quiz them as well. stuart: so, the ultimate objective to give american facebook users and other social network users in america some degree of control over their information without ruining the business model of the facebooks

and the twitters and the googles of this world, correct? >> absolutely. that is spot on. i could not agree with you more. they need to tighten things up. there is no question about it. and certainly what they're doing in europe may be a good example for them to follow here in america but i am not in favor of us stifling innovation by simply taking over the internet. i think that would be the worst thing that we could do here in america. stuart: you want, do you want amazon chief, bezos to testify in front of your panel? you want the google guys to be there too? >> absolutely. we want to talk to all of this em. we want to find out. this is serious information here. whenever you have a data breach experienced by facebook users, they were not informed of it, that is obviously a lapse that should not happen and we in government should not allow it to happen but there are things they can do without our intervention that i hope they will do. certainly again the model being used in europe may be a good one to follow. stuart: okay. >> making sure consent is

strengthened. making sure the user agreement is simple and understandable. making sure you can choose ads you want to choose. all of those things are common sense things. stuart: forgive me for interrupting, have you specifically ask jeff bezos testify before your committee? >> i do not know the answer to that i don't know whose staff has asked or who the chairman has requested to appear before us yet. stuart: we do hope that you invite mr. bezos. we do hope that he appears because we'll run it through, wall-to-wall. we are just dying it see it. early bud city carter, if i may call you being -- earl buddy carter. if i may call you that. >> >> big developments from california. san diego county votes to opt out of the state's sanctuary state law. president trump calls it a revolution. my take on that is coming up. ♪

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jerry brown is feeling the heat. things are changing in the formally golden state. san diego county, three half-million people, voted to oppose california sanctuary state law. the the city of lost alameda was has gone further voting to defy the law. that is openable. the president joined in. there is a revolution going on in california. so many sanctuary areas. he goes on from there. what's at stake when you cut through all the legalism is safety and security. example, three years ago and

illegal immigrant was arrested for drunk driving. the feds wanted him detained. he was released. in february of this year he killed a six-year-old girl. the ice director of l.a. says if california politicians allow them to work with us we would be able to prevent these types of crimes. the san diego border supervisor said enough is enough, governor brown is putting san diego at risk. that's the issue. they are putting the freedom of criminal illegals ahead of the safety of californians. he asked what you say to families of victims of criminal illegal aliens. the president responded i think fox news exploits this is you. you have your fox nonsense. with respect, governor, we are not exploiting, we are reporting. the third hour of bonnie and

company is about to begin -- "varney and company" is about to begin. >> we will be joined by troy edgar, the mayor of los alamitos california. they voted twice to join a lawsuit against the law and to defy the sanctuary state law. mitch mcconnell slammed the president saying he won't get what he wants. he was speaking with neil cavuto and his a book will go back into that spending bill. president trump not get the rescissions he wanted. what say you. >> we will see how it plays out. he was very happy to see the increase in defense spending but there's a lot of wasteful

spending in the bill. we know you don't always get everything you want but i think it's clear that he wants to pursue some revisions to the right. >> can you do it without support from mitch mcconnell? >> politics is politics but how it works out in the end is not something the economist will be thinking about. there is a lot of wasteful spending. it's easy to pick out what the president doesn't like. >> senator mcconnell also suggested he won't change the 60 vote rule. that's not in the constitution. >> senator mcconnell has done a great job. he got the tax bill through which is a historic accomplishment. we have a great deal of respect for him but i think we'll try to achieve the president's objectives as we

always do gop, why is the tax plan, why is it not more popular? i'm sure you saw the wall street journal poll. 20% like it and 36% think it's not a good idea. are you not selling it aggressively enough? >> one of the things that will happen, i've been lucky to have been on the show as long as it existed at you and i have talked forever about how the economy responds to a corporate tax cut. we see it happen exactly how we been talking about for years. wages go up in capital spending goes up. the best measure, the best survey of what consumers think is the michigan survey. that shows consumer sentiment as the highest it's been since the early 2000's. amongst independence at the highest since 1984. in 1984 was high because of the tax-cut by reagan.

what i see in the data is cause for optimism and belief that we will have 3% growth and really high consumer sentiment. why are the consumer so satisfied? it's obviously because the tax cuts are working. as the data roles and improves that everybody, things like gallup poll's will respond as well before everything's fine and dandy? you don't have anything to worry about? >> well for you everything is fine and dandy and then you hit me with a killer question before that was a good response. that's a very fair point to make. i would simply make the point that the tax plan has not been sold aggressively enough. forgive me for saying but i think the president have to get out there and sell aggressively up and down the country. last word to you. >> the president has sold it very well. he had an op-ed today, on tuesday and the bottom line is

that the job for the tax-cut is going to be something that happens with a steady drumbeat as the good data comes out. strong jobs report and good gdp and the wage growth will remind you why that happened. that will be what matters to the voters. we can sell it all you want but come november, if we just haven't gone up they will say where are those wages you promised. it's the highest it's been in eight years so we will remind people of that every time the data. stuart: you are battling the media but that's another story entirely. thanks for joining us. >> always great to be here. stuart: the big board has a little tiny gain at the moment. it's an even split between winners and losers on the dow. half up in half down. i think profits are fueling this latest rally. the chief market economist from moody's is with us. these profits are coming in pretty good.

>> not only are profits doing well but we are having signs of improved productivity with faster profits growth despite a slower rate of growth for sales. that's fantastic. if we get faster productivity growth, wages can go higher without triggering inflation. stuart: as of late yesterday, the 30 odd companies that had reported their profits thus far showed a 28% gain in profits over this time last year. that's huge. >> that is incredible. for the market it's 20%. that's great. given the fact the recovery is more than eight years old, we haven't seen the softened from the past. this tells me the recovery still has legs and more job creation. the tax cuts will eventually speak to themselves. there's no need to sell them, i think the average american will see the benefits later this year end vote accordingly. >> when i look back over

histor history, i see a pattern like this. the economy expands on it peaks, it falls and goes into a recession. the ups and downs of the capitalist ways. we've had a long long-running expansion. i don't know how many years of been going on but i think it's been seven or eight years. you think it's going to go on for much longer. >> it could go on to 2020, easily. there's no reason why it should expire anytime soon as long as we avoid speculative access and a buildup in inflation risk that prompts the fed to get carried away. interest rates have been relatively stable. i just noticed today we had one of the highest readings in weeks on mortgage applications. the past four weeks that's up by 6%. that is a good sign for the spring selling for housing. stuart: for all our viewers who may be anxious about a

setback for the stock market he says don't worry. >> don't hold your breath. stuart: okay. san diego following several others in orange county opted out or is trying to opt out of the sanctuary state law. president trump calls it a revolution. next, the mayor of loss alameda's california, the man who will defy the sanctuary law. new jersey, a law in that state says some people say this new law to make it easier for illegals to vote. the state will automatically register people to vote if they apply for a driver's license or non- driver id card. we will have a judge on not just a moment. there are five of my grandchildren. three of them will joining me in studio.

the three oldest. unfortunately we couldn't get the redheaded twins to be with a spread we will try for next time. the third hour of attorney and company rolls along. dashboard and he and company rolls along all at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly.

stuart: i used to live in san francisco. look at it now. the tourism industry is pleading with the city, clean up please. san francisco travel president, his job is to promote the city. he said the streets are littered with trash. homelessness is prevalent along with tents and drug use on the street and petty theft all on the rise. he said he has traveled the world and san francisco stands out for the wrong reasons.

still in california, in san diego county, they have voted against the think story state law. the county supervisor, kristen had to say this. >> i think they are finally waking up and saying enough is enough governor brown. in san diego county we manage a $5.7 billion budget on the county board of supervisors. only $1.7 billion is in our direct control. the rest are decisions being made by the state and federal government. these are often harmful decisions that are impacting our citizens. stuart: it is a revolt. the city of loss alameda's has gone further. they just voted to defy the law. the mayor is troy edgar and he is with us now. what does that mean, that you will defy this law? >> on monday night we

finalized that we approved a law in ordinance in our city saying we are not.a follow century law. we will follow u.s. constitution. stuart: that means defiance. does that mean you will invite the feds in and have them deal with the illegals. >> we will absolutely invite them in. i met with ice last week and told them if cities in california like santa ana, anaheim, any of these cities that don't work with the u.s. immigration officials, we would be glad to host them and their activities throughout orange county. stuart: tell me why are you doing this? >> for me it's a principle issue. i took an oath of office and my vote was to support and defend the constitution of the united states and i can understand why governor brown and sacramento wants to get in the middle and make us make a choice. it's also about law-enforcement making clear to our folks in our city that we support the u.s. constitution and federal

immigration officials making our community safe. stuart: you have san diego county and orange county. i think it's 12 towns and cities including yours which all opposed the century state movement. they're all in the southern part of the state. any idea if this will spread to the northern part of the state? >> i'm thinking fresno county and contra costa county. i've sent letters up and down the state. i've been spending hours every day talking to council members and mayors and activists regarding how to go about it. i think you'd be surprised of all the cities that are getting ready to come forward. they've just been trying to maneuver through the process and it is tough. stuart: our own fox news griff jenkins confronted governor brown yesterday and put it right to him. what are you going to say to the victims of illegal aliens

in his response was fake news, fox news. fox news nonsense. what's your response to that. >> governor brown consistently has been dismissive of any criticism. yesterday after the announcement of san diego he made the comment that we are a bunch of lowlife politicians. i take offense to that. some of us are working folks that are public servants just like his national guardsmen that would go down and defend us on the border. i think it's disrespectful and dismissive and has a lot of us wanting to get our vote back to make sure they take account of all the people of the state. stuart: troy i had forgotten that governor brown had called you a lowlife politician. i should've included that right up front. troy, it was a pleasure. thank you. >> thank you. stuart: they are auditing the high-speed rail project in california. they will examine and look at

the oversight of the three have billion dollars the feds have granted to the project. this project would allow travelers to go between l.a. and san francisco in less than three hours if and when it ever gets built. facebook in the news a lot recently. down a dollar at 167. look at general electric, in the news a lot because it's really tumble. they are way down. it touched the 12-dollar share mark and bounced up toward 14. right now it is 1373. starbucks has announced they are going to close 8000 stores on may 29 for racial bias trading. virtually no change to the stock. toys "r" us rejecting a billionaire bailout offer trying to save the bankrupt retailer. he had offered $800 million to buy 270 toys "r" us stores in the u.s. and canada. attorneys and advisers for

toys "r" us say the bid doesn't meet the minimum threshold to be a valid bid. they are bankrupt. is this the most uncomfortable airline seat ever? this is the latest design. you could be flying in this if one of the airlines decides to pick it up. we will be back. hi, i'm bob harper, and i recently had a heart attack. it changed my life.

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if you're approaching 65, now's the time to get your ducks in a row. to learn about medicare, and the options you have. you see, medicare doesn't cover everything - only about 80% of your part b medical expenses. the rest is up to you. so if 65 is around the corner, think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. so don't wait. call to request your free decision guide. and gather the information now to help you choose a plan later. these types of plans let you pick any doctor or hospital that takes medicare patients. and there's a range of plans to choose from, depending on you needs and your budget. so if you're turning 65 soon, call now and get started.

because the time to think about tomorrow...is today. go long. stuart: united airlines stock is doing very well. good strong profits. they are up 5%. that is a good gain. now look at southwest. an engine explosion left one passenger dead. that stock is up about 3%. now look at this. this is the sky ride of 2.0. it's a saddle seat designed for an economy cabin on the plane. it supports your back in your backside. you get less legroom. the seats will be certified and you have to convince people to buy a ticket.

>> looks like an anxiety dream. stuart: air france launched a new airline last summer geared toward millennial's. they enjoy organic food and signature cocktails and craft beer. prices are pretty reasonable. flights to european destinations from paris start at 49 euros each way. other flights begin at 149 euros each way. >> to have designated safe areas? >> the italian diet known as the weight watchers of europe, the founder thereof is bringing his business to america because it says it will be much better here. washington d.c. wants will allow people as young as 16 to vote in federal elections. those are my five grandchildren. three of whom will be joining

me shortly. the three oldest ones will join us. we continue after this. how do you win at business? stay at laquinta. where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com.

stuart: a small gain, up 24 points. we are at 24800. most of the doubt 30 is on the upside. senate majority leader mitch mcconnell slams the president for he said he's not going to get what he wants in terms of any more spending cuts. tim phillips is with us. welcome to the program. >> this is not good news for president trump. it's not good news for the american economy. they will spend, spend, spend. >> they are undercutting tax cut and tax reform at starting to lift the economy. it's a huge mistake by the majority leader. when you have a republican president signing a terrible bill put together by republican house and senate majorities, that's a recipe for them being voted out of office. >> is it your position that government spending, you say that is not adding to growth

in the economy. it detracts from growth. is that your position. >> historically that's the case. we think will be the case this time. >> remembered joe biden claiming a trillion dollars back in 2009 with the shovel ready project. it didn't work then and it doesn't work now. this is on your money away on programs that often don't work. >> mitch mcconnell says he's forced into this because he needs senate democrats to vote for that spending bill. if you don't have this senate democrats on board it would shut the government down. what you think about. >> the last shutdown favored republicans. if you think back to the schumer, pelosi shutdown, they made a big mistake. they should get back to regular order budget. they said they will do that which would alleviate the bills that always favor spending. they need to get back to regular budget. they never did that, even after they took over and had

control. >> it's the greatest failure. >> mitchell, was also saying it's highly unlikely that they will get rid of the 60 vote rule. that's not good for you guys either. >> whatever they want to do a set of procedures their business. they should never have done an omnibus bill. for a decade now running all way back to the bush year, the greatest failure has been to the federal spending. it's killing us. >> the votes were there. when he gets to the senate, the votes were not there for serious cuts in spending. you can't get around that. >> in the end, let's have an honest debate over the spending and the way to do it is to get to individual appropriation bills, followed by the process. you are right in this respect. when you get down to the deadline that's three days away and you throw a trillion three dollars up there, it's difficult cap that spending. when you break it up into multiple appropriation bills,

that's when you get control of spending. the failure was the failure on the republican side to never get to regular order budget. it makes it impossible to really control spending. >> me a timeframe to get to the process in a deal that you think would be good. >> they can start right now with at least getting individual appropriation bills for this fiscal year. they're going to do this all over again. the way to avoid that big bill is individual appropriation bills beginning right now. they have the power to do that. >> will they do it. >> i think will hurt them badly in november. stuart: so it's the spending that hurts them, not the possibility of shutdown a couple weeks ago.

>> correct. that is the greatest failing and the american public is tired of it, especially voters who listen to the rhetoric and believe it. turn they spend too much money. >> you don't think the republicans can retain the house? >> i think it's an uphill battle if they don't get their act together. >> something completely different. our next guest is the founder of the italian diet known as the weight watchers of europe, by the way. he is bringing his business to america because he says it will grow much better here. he is with me. before we go any further, what is the italian diet. >> it's a range of products that italian people like, pasta, pizza, chocolate, cookies. stuart: wait a minute. you're telling me i can lose weight if i eat this. >> we are italian. we can't leave our tradition.

we cannot say to mrs. maria, you cannot have your pizza because you don't go shopping by bicycle like your great-grandmother. stuart: if i accept your dietary rule, down the line if i stick to it, how long will it take to lose 10 pounds. >> we have 28 medical studies, do we have done with the johns hopkins hospital. 20 pounds and 40 days but you maintain your lean mass and improve. stuart: incredible. >> we have a patent that's valid in europe. stuart: now you bring it over here to america you're bringing it not because of the success of the diet but

because you'll make more money in america because we have lower taxes. >> yes. it's very attractive for bringing business because you can gain much more. if you compare the taxes in italy they are crazy. so now i will have my company here in new york just for distribution but in a couple years will be up to produce here. also because it's very business friendly. stuart: wait a minute, you are a european, and you approve a president trump. i thought he was detested by most europeans. >> the last election we had in italy, the party very much appreciates what president trump is doing. thanks to the trump election we have started to talk about the flex tax to reduce taxes.

if you raise taxes, people go to other countries. stuart: if you made a hundred million dollars, i'm just picking a number, if you make that in the united states of america you'll pay tax of about 20 million. what would you pay on a hundred million dollars profit in italy. >> it's about 50 or 60%. if you do well you pay too much. >> welcome to america. stuart: i want to hear more about this diet. thanks for being with us spread we appreciate it. the united states and the united kingdom recently blamed russia for a number of cyber attacks. hillary is at the cyber week event in san francisco. hillary, come in part one of the topics is how to secure america from cyber terrorism.

what they actually doing? please don't tell me they're looking at this in looking at that. what are they doing? >> right now they are building us a lot of defenses, mainly focusing on the internet of things. all these connected devices that we have in our homes that are vulnerable to these hackers because a lot of people don't have the security they need in their home. they also tell me these attacks are not going to stop enabling the tech companies saying they are knowingly making insecure devices. >> frankly microsoft and everyone else puts performance and usability ahead of security. that's just the way were in. until that changes the regulation, basically we are not going to see any improvement. none of the vendors here this massive show of fixing that problem. they're all fixing the symptoms but not the process.

>> we spoke with brad smith who tells us they have the ultimate responsibility to protect users but the real problem is that governments don't play by the same rules. i also talked with mark, he ran counterintelligence at the cia. he tells me it's not just the big state actors like china and north korea that we have to keep our eye on. russia is running an underground economy that is selling cyber weapons to the highest bidder. any small state or fringe group is a huge threat to the u.s. microsoft, brad smith also tells us if you like the u.s. is constantly at war and they are pledging to get out of the fight. they are joining 34 other companies saying they are not going help any government that includes the u.s. launch any cyber attacks that hit innocent groups. >> i hear it. thank you very much indeed. washington d.c., on track to become the first city to allow people as young as 16 to vote in federal elections.

what will the judge say about that. this too. some people have set a new law in new jersey could make it easier for illegal to vote. what will it judge say about that as well. three of my grandchildren will be on the set shortly. stay right there. "varney and company" will emerge after the threat

hits 29683 up over eight dollars today. this as an e-mail from you on mask said tesla employees are part of the jo drive to 6000. they were moved to 247 operation. they will add another shift to general assembly, body and paint. they did have two causes to evaluate the production of the model three which has been on to life but they are ramping up to 6000. week by the end of june. investors don't expect 5000-mile threes until the end of the second quarter but maybe by the end of the fourth

quarter.

she was warm and wonderful until you got out of line. >> she was funny and fierce and set her mind. she was a great role model for me for sure. i learned how to be a first lady. stuart: that was george bush

and laura bush talking about barbara bush. >> i think what most people are speaking of is how the former first lady had such a wonderful sense of humor and how she valued that in others. in fact, that is why she said she agreed to marry the former president bush but i do want to bring you a little more from our colleague discussion with the former president and laura bush, specifically on barbara bush's humor. >> he turned to the doctor and said you want to know why george w is the way he is, because i drank and smoked when i was pregnant with him. [laughter] she's funny. i had a beautiful visit with he her. >> patches shows the humor, but in all seriousness, she scolded her children when they thought they were bragging and as one pendant told me, that bring us back to the dark ages

of dignity and gentility. stuart: what a wonderful woman who lived a full life loved by all. a quick check of your money. we are up 11 points. we're just shy of 24800. not bad, we've had a pretty good week that's far. new jersey will automatically register people to vote if they apply for driver's license or driver id card. what does the judge think about that. does this make it easier for illegals about. >> this is taking one of the worst aspects of california and bringing it to new jersey. new jersey is almost an arrival with california to see who can be bore progressive and left the loonie. guess it makes it easier for

illegals to vote because you don't have to be a legal citizen to get a drivers license. new jersey could let the dog vote in state of election if they wanted. the issue is federal elections. as controlled by the constitution and federal law. if someone goes into vote and there are state and federal offices, a challenger would have to challenge that person. they would have to know in advance that it's more likely than not that person is not an american citizen. if the challenge prevails they could go into a booth with the monitor and vote for states but not federal. what is the chances of that happening in a state like new

jersey. >> so they are open to the idea of contaminating presidential election. >> yes. a poll taken yesterday set of the poll taken this november were yesterday, the democrats would win every congressional seat for the first time in history. there would be a single republican representing anyone from new jersey. where we have two very liberal senators. we have all 11 numbers of congress being democratic. by the have to make this easier for illegals to vote when they already have a stranglehold on our home state. stuart: to lock in a democrat ruling party forever in the state of new jersey. the next thing you know we will have a crazy system like california where we have two democrats running against each other and no republican on the ballot. there should be potholes on the road to the voting booth so people do not feel they can

go in there and vote for a fleeting reason but a serious reason but they are willing to negotiate the potholes so to speak. stuart: you know washington d.c. is considering allowing people as young as 16 to vote in federal elections. >> they can do it. stuart: yes they can do it, but what you think about it. >> i don't think 16 -year-olds have the maturity. they can't drink, they can't be in the military, i don't think they have the maturity to vote. stuart: an 18-year-old can drink but can vote. >> what does washington d.c. care? the only have three congressional seats. stuart: they want to start a national trend.

>> you know what they really want? statehood. that would be a guarantee of two senators and one member of congress for the democrats forever. stuart: do you think they will get it. >> no, i don't because it would require an amendment to the constitution and i don't think the small republican state legislatures would go too. stuart: how about if they divide up their electoral college vote according to the popular vote. >> maine has that at new jersey prohibits its electoral votes from going to someone who actually lost the popular vote nationwide. so if the popular vote goes to clinton but new jersey goes to donald trump, the electoral votes go to hillary. wow. stuart: this is dynamic stuff. thanks for bringing it to us. breaking news. the ap reports that puerto rico was hit by islandwide blackout. they said power will be restored within 24 - 36

hours. as we get more details will share them with you. next, my grandkids are coming on the set. we just got married. we're all under one roof now. congratulations. thank you. how many kids? my two. his three. along with two dogs and jake, our new parrot.

that is quite the family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management.

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stuart: do i have headlines for you. ice agents in new york arrested 225 illegals as part of a six-day operation. detainees from countless countries. they were taken into custody in new york, long island, the city is a sanctuary city. >> ice and nypd are saying local politicians make it really hard for us that they had to do this we began. 80% of those arrested have prior criminal convictions. one was wanted for murder, assault weapons, homicide. mayors like mayor deblasio are saying you are making it difficult to protect the security and safety of citizens. stuart: they have been protecting illegal criminals.

>> this is not about immigration, it's about illegal immigration. stuart: taxpayers have one more day to file because the pay site crashed. >> they had 364 days to prepare. the site crashed but apparently you do have until midnight tonight to make your payments. two sites went down. the direct pay and the payment plan where you can pay in installments. bottom line you have another 24 hours but you still zero the irs. stuart: we still have two minutes left. what should i do? i will tell you. three of my grandchildren have appeared in new york city. there with me now my studio. let me go from right to left. we have abigail meyer who is ten years old. what is the capital of france. >> paris. [applause] stuart: i talked a while. then we have young caleb

meyer, how many teeth have you lost? >> five. stuart: excellent. >> almost as many as you stewart. [laughter] stuart: on the far left is paige meyer. what you want to be when you grow up. >> a dolphin trainer. stuart: excellent. are you enjoying yourselves in new york city? caleb, do you like new york. >> yes. stuart: what did you have for breakfast this morning. >> lucky charms. stuart: we breed them right. abigail, what do you like most about new york city. >> i don't know. i like it all. stuart: page, what do you like most about new york city. >> going to eminem world. >> . stuart: i've got pictures to prove it. welcome to "varney and company". we are very glad you came on the show. would you like to come on the

show again? >> yes. stuart: are we taping this for you? >> i think so. stuart: thanks for coming. it was excellent have you. well done. what a grandfather. [laughter] the mother is with them. i can't get her on camera but she has five children. she is my oldest and she has five children including, can we get a picture of all five of them including the twins with the gorgeous hair? not to make it. more "varney and company" after this. think your large cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup.

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right foot... by comparing prices from over 200 booking sites to find the right hotel for you at the lowest price. saving you up to 30%! you'll be bathing in savings! tripadvisor. check the latest reviews and lowest prices. stuart: there is the picture. i just want to tell everybody that those lovely twins, bottom

left of your screen, eleanor and cynthia, they have got bright red hair. when i walk town the street with them, they get more attention than i do. and that really, really annoys me. time's up. neil, it is yours. neil: they're beautiful. you didn't seem to know them at first. [laughter]. i like at you, well. stuart: [laughter] neil: they're beautiful children. good luck getting to know them. i'm kidding. i'm kidding. thank you very much, my friend. families are everything, aren't they. right now, diplomatic family in the making here with the president and man he calls one of his favorite world leaders, the prime minister of japan. there is a lot of back and forth going on between these two leader. might place a wedge in between us and the chinese. remember, you know, if you think about the prime minister of