maria: stuart varney, over to you, do you want a hot pretzel? stuart: yes, delivery please. big money, that's the story of the day, and i mean really big money. good morning, everyone. this is the big day for profit reports, what we have seen so far top corporations are printing money. their stock price does not always reflect that but as profit reports go, this is a stiller season much better than expected. much big names have reported, no serious upsets, that's why we are looking at modest gain for the opening bell for the dow, up 50 points, 9 points up for s&p and about 60 for the nasdaq,

that means technology is doing well. look at facebook which reported last night, 70 million new users just in the first three months of the years, 2.2 billion total. they made 5 billion net profit. no impact so far from the privacy scandal. look at that stock go. premarket, it's up 12 bucks. now look at amazon and microsoft, we will get their numbers later this afternoon. looks like investors are expecting more big numbers, both stocks way up premarket. even before we get the official profit report. and how is this for a development in the auto business? ford is getting rid of most of its sedans, we use today call them cars. good-bye taurus, fiesta, good-bye in north america, ford will be a truck and suv company. how about that? varney & company is about to begin. ♪

♪ >> you have people that have given up everything, they have given up jobs, topline people, brilliant people, they want to come in and help us in government and chuck schumer and a group take, you know, years to approve them, we have judges that are waiting top of the line people, the best people in the country -- by the way, they are going to be approved but they take them out till the very end. stuart: that's president trump on "fox & friends" earlier this morning responding to ronnie jackson withdrawing to nominee to lead the veterans affairs department. what's going on, ash? ashley: lasted more than a month, the nomination. he held the position since 2013. since nomination a barrage of allegations involving alleged misconduct in past, lack of management experience, drinking on the job.

some of the things that have been leveled at him. also accusing of fostering a hostile work environment, investigations in 2012, 2013, engaged in unprofessional behavior. as for dr. jackson, look, i knew i was going to face tough questions, i did not expect to have to dignify he says baseless and anonymous attacks on my character and integrities, the accusations are false but i'm withdrawing the nomination. stuart: okay, i'm going to move onto your money, big story today, of course, first off, general motors, profit fell, still better than wall street thought it was going to be, the stock is down about 1% roughly. we have higher profit at ups but costs were up as well. good profit, costs higher, stock down a fraction. better profits at pepsi, not so good on the sale side, good on the profit side, again, sold more beverages in the developing

world. overall, we are looking at gain of 60 points in dow industrials when things get moving this morning. joining us market watcher gary, gary, two sides to the argument here, profits are as good as they are going to get, other sign, hey, we are getting started, which side are you on? >> i think it's as good as it's going to get. that doesn't mean it's bad. this quarter is a big anomaly. unsustainable. we are going to go back to a very good number of low -- mid to high single digits which is great numbers for the overall market and that could help as we move forward. the high teens is just too much. it's not a bad thing. stuart: you're right. as if it's all or nothing unless it's 20% up in the next quarter, it's terrible. that's not the point. maybe we will be up 7, 8, 9, 10%, that's still very, very good. there's no suggestion that

suddenly we are going to start losing money. i think you have it in the right perspective, gary, would you be buying stocks overall at this point? >> i'm basically sitting in my seat right now because i think right now -- and i have been saying for if weeks, we are in a big giant consolidation mode where i don't think there's upside but the good news is that the long-term support levels keep holding and so you know, it's normal. when we had move in 2013, off of the printing of money, the market stopped in 2014 and we had 18 months of nothingness, i'm not saying this is going to last 18 months but i think we may have a few more months to go where we are just back and forth, ping-ponging back and forth driving up a wall. if earnings stay good and interest rates stay down, eventually we will break to the upside. i just don't think it happens right now. stuart: tell me as facebook, as you know they reported strong

report yesterday, the numbers were surging, extra 70 million users in the first three months of the years. at 172 premarket. up 12 bucks, will gary be a buyer at this point? >> not yet. 70 more million people looking down at phones and walking into walls because that's what i continue to see. [laughter] >> let me tell you the story on facebook, not the earnings growth, but a company who does 40 billion-dollar in revenues to have sales growth up to 50% year over year, that is humongous, that still tells you things are going great regardless of what we saw on capitol hill and the controversy, that's probably over at this point in time. stuart: you're right, they are printing money, case close. gary kalbaum. pleasure. >> thank you. stuart: yes, sir, move onto politics, the democrats are pushing the agenda far to the left, promises of what i'm going to call them giveaways,

guarantied jobs for all, universal basic income, we heard those ideas coming at us, not to mention single-payer health care. jim with us, the chair of the con seventive partnership institute. okay, the democrats go far left, i'm sure you are going to say that that's not a winning strategy for november but i have to point out, jim, they are not doing too bad so far with it. >> they keep trying to find new ways to buy votes but republicans need to counter that with real policy. they can talk about the economy as you've just gone over this morning all over the country, the economy is really growing and i think faster than it's been reported, but they've got to do more than that. you also mentioned the senate getting their job done on nominees and the americans need to hear a plan from republicans of what they are going to do in the future, they need to get their work done particularly get the spending bills done before the end of september, so we don't have anymore drama, but i think americans in particularly republican base need to see

republicans supporting the trump agenda. what i hear all around the country is people support trump, they are excited about his policies but they are frustrated with republicans not doing enough to -- to support the agenda that he layed out. stuart: because you are always fighting the media. you are not going to get a fair hearing about republicans in november from the american media, you will get outright hostility, how do you beat that? >> well, we need to do our work here in washington and i think americans are looking and they need to see the senate particularly move through nominations, they need to be working on weekends until the democrats give them a fair hearing -- stuart: sorry to interrupt you, what you are saying is, get mitch mcconnell, get that senate moving, if you have to workdays, nights and weekends, then do it, that's what you're saying, isn't it to get nominations through? >> exactly right, stuart. and if they go home for their august break without doing budget, we will end up with another shutdown drama right

before the elections but that's the way it's headed now and what we are trying to do with congressmen and senators is to get them to stand up and say, we are not going home on any vacation until we get our work done, nominations cleared, till we get our budget and spending bills done, americans need to see the republicans doing what they said they were going to do in the last campaign. stuart: okay. jim, pleasure, thanks for joining us, sir. >> thanks, stuart. stuart: i was astonished at the story this morning, ford mot mor company says good-bye to most of its sedans in north america? ashley: they are not very profitable for ford and realizes that everybody is getting into the pickup truck suv range, which sedans, familiar names, fusion, the focus, fiesta, the taurus will all be fazed out. they will continue to focus on

some hybrids and, of course, all electric vehicles, they will bring out -- stick with the ford mustang, iconic brand for ford, they will stick with that and bring out a new crossover, the new suv next year called the focus active. this is a big roll of the dice. there are people who are loyal to those sedans and they could lose market share, however -- liz: they could come back as hybrids. ashley: exactly right. everyone wants to be riding high on the road and that's why they are changing. liz: i want to be higher than you. stuart: i drive a van and i like driving a van. ashley: driving high on the road sounded weird, didn't it? [laughter] stuart: let's get you into chipotle because they look like -- well, not passenger, foot traffic is up 2.2%. look at the stock. liz: that's like tripled the restaurant industry average and it's a new ceo that came over from taco bell, he's the guy who

introduced dorito tacos and innovative ideas at taco bell, he said we have to build the store for millennials, breakfast burritos, possible drive-thrus and remember this is a company last year, they had food-borne illnesses, a hack into its system and they tried to introduce queso, sort of like here is a queso with e coli, that didn't go over too well. listen, we are going shake up the menu, the taco bell chief who came over to run chipotle, mobile app ordering, they have been pushing on breakfast burritos. i did say that. stuart: you are brutal. liz: the stock has been cut more than half but it's on the move. stuart: we have come back a bit. i think we are going to be up 60. now we are up about 30. we will take it. hundreds of central american migrants are arriving at our southern border, they are

preparing to cross this weekend, lawyers, immigration activists, they will meet them and help them get in and help them stay. i think we are going to get a big clash, well, we are covering it. more trump bashing from james comey, he says our president has made him embarrassed and ashamed of the republican party. you'll hear that and president trump's response after this. ♪ with expedia you could book a flight, hotel, car and activity all in one place. ♪

stuart: james comey had some choice words about the republicans at cnn town hall, roll tape. >> i've been embarrassed and ashamed. my question for the republicans is, so where is that, where is that commitment to character and values and people have convinced, well, we will trade it temporarily for a tax cut or supreme court justice as i say in the book, fool's bargain. stuart: embarrassed and ashamed about the republicans, president trump was on "fox & friends" earlier and he responded to

that, roll that tape. >> look, comey is a leaker and he's a liar and not only on this stuff, he's been leaking for years, he's probably been using his friend the so-called professor who now turns out to have fbi clearance which he never said, he lied about that because he never said that in congress. he said he gave it to a friend and he gave it to a friend to leak classified information. stuart: all right. joining us now congressman louie gohmert, republican from texas, have at it. what do you think? >> well, you know, he says republicans have abandoned the things that drew him to the republican party, i hear so many people say that reagan drew them to the republican party, but obviously james comey was driven to the republican party by the nixonian practices, having list, going after enemies and listening to them and having

auditor a dirty trick's group, we have abandoned those things, those haven't been around since nixon. they certainly are available for his use in helping democratic administration, so, yeah, i'm glad we abandoned the things that drew him in, but -- but, yeah, when you look at the lies that man helped mueller destroy, hatfield, destroying his life, other lives that comey helped destroyed that were perfectly innocent, it's hard, it's laughable to hear him talk about character and things like that. stuart: what's the end game here, i have 30 seconds left, tell me how does this thing kind -- wind up? >> i hope it winds up with a second special prosecutor that goes after mueller, rosenstein and comey because that's what it's going to take. that has to be the end game.

they have got to be investigated. that russian investigation that they killed in order to allow hillary to sell our uranium to the russians, that's got to get -- we have to get deeply into it. stuart: don't hold your breath. >> i'm not giving up. stuart: i know, but don't hold your breathe either. >> thank you. stuart: we will open market in literally 11 minute's time, we will be up 30 points. look at nasdaq, that's up about 50, that tells me technology is going to do quite well today. one of the biggest events in professional wrestling, the wwe royal rumble, well, starts tomorrow. wait for it, live from saudi arabia of all places. former wwe star john layfield is with us. think your large cap equity fund

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stuart: some things i never expected to report and this is one of them. [laughter] stuart: wwe's inaugural greatest royal rumble event takes place tomorrow in saudi arabia. who better to ask about this than varney regular and world wrestling champion himself john layfield, john, i'm astonished but i have to go through this with you. what costumes would the

wrestlers be wearing? >> i think you'll see normal costumes for wrestler, you will not see women there, there's been negative fallout about wwe which i would love to address, 60,000 people in stadium, this is part of the global growth expansion for wwe but i have been in the middle east a dozen times, and i went with tag team partner ron simmons, first integrated tag teams in wrestling history, we were very successful, three time champions, a lot time produced by. >> pat: erson who is a wwe hall of famer in 1979 who was openly gay. you can't have anymore diversity than what i described to you, if you want to do something about saudi arabia, mohamed, the prince, is trying to create diversity, one way to do is you bring the wwe, these fan that is will become fans of the wwe will go on website and they will see

the women there that they are treated at equals, and i think that will help promote change. you you want to send saudi arabia, you send something like saudi arabia. stuart: men in everyday saudi arabia life are not allowed to wear shorts but your guys are going to be wearing skimpy clothing in the ring. i mean, how does this happen? [laughter] >> we are breaking down cultural barriers. we have gone to different countries where there have been different standards and practices that you have to adhere to. they don't make the rules for the local economies, local governments, they make rules themselves. noon tomorrow at wwe network. stuart: i can see it being a huge success because in terms of entertainment saudi arabia is starved, shall we say, you come with something like the royal rumble or whatever it's called, i think you have a dead-sure

winner right there. >> i think you do. earlier this past year, mchall, one of the first indicate-ian wwe champions, former world champion and the great kahli. big, good-looking guy. right now doing the same thing in saudi arabia, holding talent camps to find saudi arabia talent to go after the middle 'audience and bring them the wwe which by the way, that's the biggest promotor of diversity in the world. it's what you want to do. when you had cuba that you couldn't open up, you blocked it, capitalism works in breaking down barriers. thinks like this are a great step forward. stuart: well done, i'm sure you had something to do with this. well done layfield and well done, wwe. full support from us. we will hold you over, we will see you shortly.

thanks a lot, john, we will open the market in 4 and a half minute's time. we will be up except the nasdaq, nice gain coming up there. we will be back. mercedes-benz. the best or nothing.

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15 seconds. we are expecting a flat to slightly higher open. a lot of focus on facebook after their stiller earnings yesterday and also on microsoft and amazon, they are already moving higher, they report later on this afternoon. here we go. bang, 9:30, we are up, but we are running. we are up 44 points right from the get-go, 50 points, 81 points right now. look at that. 81.79, okay, we are up and running. 90 points up. that's a gain of, what, a third of 1%. the s&p up a half percentage point. a better gain there in a broader market indicater and will you look at that, that's the nasdaq, okay, that's going to be pushed up by the facebooks of this world, microsoft, the amazons of this world, it's up 1%. big gain, 74 points higher. right, where is the 10-year treasury yield? over 3% yesterday, right at 3% as we speak. facebook already opened and way

up, $13 per share higher, it's reached 172, extra 70 million users racked up in the first three months of the year. now that's a stiller performance. ups challenged by higher costs and the stock is down, not much, 60 cents, that's it. sales fell short by pepsi but still up 80 cents. visa, very important company, gave a rosy outlook, would you look at it go, 3% higher on visa, gm, their profit was down a bit and the stock is down a bit, up 1.6%. now ford motor company accelerating the cost-cutting, the markets loves it, it's up 3 and a half percent. as part of cost-cutting it's dropping most of its cars best known as sedans, there's a difference. in north america not going to sell them anymore, how about that? look at chipotle up how much -- how much is it up, $49, 50 bucks as we speak.

turning things around, much better foot traffic at their restaurants. two big names to report later, they are microsoft and amazon, investors as they walk up to the official results are buying those stocks, both of them are higher. all right, ashley webster and elizabeth mcdonald are here, so to john layfield and scott martin. scott martin, first to you, let's get back to the argument, profits as good as they are going to get or just getting rolling? which is it? >> i'm going to argue with it's as good as it's going to get. i will tell you, this feel like a story that we have been told over the last couple of years where the market was due for this correction, right, it was due for a pullback, interest rates were going to go to the sky, you know the stories and it never happened. i think this is just another story in the line of the stories that basically are just scare tactics from some of the haters out there as the kids like to say because to me, yes, i think we are seeing a higher than normal say earnings growth period, yes, but that doesn't

mean that earnings can't keep growing and in the case of face book, look at operating margins. they look great. liz: a lot of hand ringing over the 10-year note sticking at 3. here is a fact, the 10-year note spent a lot of its time, before 2008 above 3%. we are getting back to normal. i think that there's a lot of hand ringing possibly -- stuart: at 3% even. ashley: that shows you how good the economy is and to lizzie's point, back to normal is where it should be. stuart: show me facebook again, it was up 14 bucks a share, there you go, 174, whopping great gain, 9% up on facebook, they got 70 million new users in the first three months of the year. john, it strikes me that they've got a virtual monopoly along with google of digital advertising, they've got 2.2 billion users, i could call

that a monopoly, couldn't you? >> i think it is. when you're talking about tech, bring the people bring up my space and companies that go out of existence because of some guy in a garage in silicon valley. ridiculous things that congress is trying to go after more red meat because they have less approval rating than they do is over and when you talk about rupert murdoch, one of the things he mentioned, he mentioned facebook twice, specifically when they bid over half a billion dollars in the indian creek rights, i think the story is getting started. stuart: fascinating, by the way, at this price 174, facebook is only 1% down on the year on the calendar year, in other words, complete recovery. ashley: good comeback. stuart: microsoft, they report after the bell, yes, i do own some of that stock. investors are buying it as they

walk up to the official release of the numbers. apparently, john, investors think the numbers are going to be very good. >> yeah, they do. microsoft has done really good job in the cloud and microsoft has been a great company diversifying away from microsoft word which is the biggest pushback, it's hard when you the most profitable company in the history of the world and you have criticism because you are not diversifying enough. that's been microsoft's light, i don't own microsoft, i own amazon, they will be better in the cloud. liz: they have more cash flow than google microsoft. largely the cloud business. [laughter] stuart: i want to turn to amazon, they report after the bell as we have been saying. scott martin, investors are buying it today before the official results come out evidently they think it's going to be good, what say you? >> it'll be amazing. i will tell you what's interesting, though, stuart, it's kind of what john pointed

out, i think he pointed it out, i will point out for him, the hearings that went on recently and the hating that trump did on amazon, they were buying opportunities, if you held onto cash and you miss the point on microsoft, amazon, facebook, pullbacks, google, you have to get in the stocks, you will get rewarded on amazon. stuart: let's stay on amazon, ashley, they are working on a new streaming device, explain, please. ashley: could be the one that stuart varney is waiting for. it leaked accidentally, amazon fire tv comes with the cube, contains the echo, alexa, if you integrate the television with this cube which is alexa, it kind of centralizes your tv and entertainment controls and is therefore -- i know what you're going say. stuart: i could walk in and say alexa turn on fox business now and it comes up?

ashley: well, that's what we hope and believe. we don't know, this was leaked prematurely. stuart: okay. ashley: integration should be there, how nice would that be? [laughter] liz: story from check marks, they figured out how break in to alexa, amazon is saying that they since fixed the problem. turned alexa into spying device and eve's dropping. that's going to be the problem. >> my life is over. [laughter] stuart: we heard you, son, we heard you. where are we on the big board? up 50 points, 24,100 is where we are. boston beer, parent of sam adams, they are making money, market loves it. better sales at cheesecake factory, they are up 2 and a

half percent. at&t, i don't know what's happening with the stock but they lost subscribers from paid tv business, where is at&t, i'm not quite sure, i will get there when i can, it's down, ebay's growth rate is really slowing down. they take that hard, it's down 5% on ebay, back to 38, how about that? southwest airlines, they see higher costs ahead because they have the problem with the -- the engine that's just a couple of weeks and that stock is down 4.7%. spirit airlines, okay, discount, they lost some money. discounting heavily. down 4 and a half percent. next one, tesla, their head of their auto pilot division has left the company. liz: yeah, jim keller, he has since left. they lost top marketing officer, cfo. here is the problem for tesla, when the stock goes down, it's down about 20% since its high

this year. those executive stock options go under water. the executives start looking around, oh, we are not making money in tesla stock, so we are going to go to another company and that's what elon musk is battling. whenever elon musk is cheer leading the company and stock goes up, it's to keep guys on the team that he needs in make or break money. they are at cash burn right now. stuart: very good point, indeed. now i was surprised to hear this. apple's chief tim cook, he held a meeting with president trump at the white house and reportedly he asked for that meeting. obviously it's a very powerful guy, what do you think they discussed? ashley: try to find common ground with china, that's a huge market for apple as every other american or western company because they want all your secrets and part of the ownership, i think he's saying, look, it's important to ratchet it down, rather trump would listen, i'm not sure but i'm sure that was a big part.

stuart: i would guaranty that china was a big subject of discussion there. mnuchin is on his way to china talking trade very soon. all right, we are up 74 points on the dow and you know that's that time, 9:40 eastern time, i have to say good-bye to john, good luck with wrestling in saudi arabia, john and scott martin. >> thank you, stuart, i would love for you to come to the show. stuart: if you're not careful i would. >> let's get stuart in the ring, is that a deal? >> ia -- a rugby guy. stuart: i was is smallest guy on the team. you become the ball at some point. liz: i was cheerleader. stuart: you were not. [laughter] stuart: 24,151. new fox news poll, it says 61% say they approve of president trump's air strikes on syria, coming up next hour general jack

keane, he says air strikes are not enough. he wants boots on the ground. would america like that? he'll make his case at 10:15, rudy giuliani just met face to face with robert mueller, what's the significance of that? judge napolitano breaks it down and he is next. hi.

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nicole: that's exactly what's happening. a story of what's hot and what's not, who will be paying the price but the big guys, viacom, disney, turner because nobody is going to cable television anymore, in fact, for ages 2 to 11, stuart, it's dropping, they are describing it as a free fall and seeing it down 20% year over year for your viewership of the young folks, 2 to 11. they are running to netflix, why, you pay one price, that's it, you don't have to pay for cable, there's no commercials, stream anything you want, you can get luna patuna, magic school bus, basically participants have anything they want on netflix, the big guys like viacom and disney are paying the price on this one. stuart: we are on cable tv and they are running to watch us. nicole: you can't get that anywhere else. ashley: yeah, baby.

stuart: rudy giuliani, trump lawyer met with special prosecutor robert mueller, judge napolitano is here, is giuliani setting up a meeting between robert mueller and the president? >> i don't know the answer to that but i suspect yes, the initial meeting was take bob mueller's pulse and speak in the hypothetical, if i brought my client here, what would you want to ask him. i have been saying for months the standard legal advice is extremely environment, the president should go no where interview with bob mueller, it's three or four prosecutors, half dozen of fbi agents who interviewed mrs. clinton. stuart: whole mob of them? >> yes. one white lie with result in indictment for lying to the fbi. stuart: it wouldn't, would it, if it was a minor leak? if it's minor, you're not going impeach a guy on that?

>> i didn't say impeachment. they might. they might depending on how aggressive -- he shouldn't be exposed to give them the opportunity, he shouldn't give them the opportunity to try to get him to admit to something. they have 20 years of his deutsche bank financial documents. does he really want to sit down and have them ask questions about that? stuart: they're not supposed to see it. >> they got it from the subpoena from the grand jury. stuart: isn't it some judge sopwhere going to say, you can read this part of cohen's private papers. >> not cohen. this is the trump organization's financial relationship to deutsche bank and where the money came from and where the money went to. the president is not familiar with those documents, they have a hundred thousand white house document that is the president is not familiar with. does rudy giuliani want them to put a document under president trump's nose and start him asking questions and answer something that he doesn't know and doesn't fit into the case,

it's very dangerous. stuart: can the parking -- prest say, i have no clue what you're talking about? >> he can, but he does not want to do that. stuart: you're worried about the personality. >> he doesn't use economy of words and believes he can talk them out of indicting him. that's what i'm worried about. stuart: wait a minute. a couple of weeks ago when rudy giuliani joined the trump team, part of legal team, you told me that he'd said, we are going to wrap this thing up in a few weeks. >> yes. stuart: isn't this part of that? get the president to speak with mueller, orgdz on what terms you will be meeting and get this thing over with? >> i think the time limits are extremely unwise, the lawyer who quit told him it would be over by last thanksgiving, here we are few days for may. you are doing your client a disservice when you say i will have it over by x. stuart: real fast. very little time left.

cohen will plea the fifth. >> michael cohen. stuart: significance thereof? >> it's the right thing to do. he will plea the fifth in cases that have nothing to do with donald trump or likely criminal charges against him. he doesn't know what the government will charge him for. why give the government more ammunition. you have to plea it as to everything, time of day, you can't answer anything but your name. if he sticks with that f he has that self-discipline, he will not give the government any ammunition against him. stuart: i hate dominance of lawyers, i really do. >> until you need one. stuart: i really do. >> did a lawyer help you become an american citizen? >> as a matter of fact he did, he's watching right now. [laughter] >> another bill. [laughter] >> i'm bankrupt on that one. thank you very much. we are up 60 points on dow

industrial, 28 minutes in. ford motor company will stop selling almost all of it's sedans otherwise known as cars, focused entirely on trucks and suv's, different kind of car company. we will be back. they appear out of nowhere. my secret visitors. hallucinations and delusions. the unknown parts of living with parkinson's. what plots they unfold, but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. if your loved one is experiencing these symptoms, talk to your parkinson's specialist. there are treatment options that can help. my visitors should be the ones i want to see.

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we go here. we've got 6 7up for the dow, but look at the nasdaq, technologies doing well, folks, it's up 55 points, nasdaq composite. really big changes at ford motor company, they are cutting sedan production, otherwise known as cars, okay, the taurus, fiesta, they are not going to sell them in north america any longer, they will concentrate on trucks and suv's, automotive editor gary and he's here with us now. before we discuss ford, what about general motors, what are they going to do? >> they are still interested in the car segment reiterating comments that the company's north american chief made earlier this month. stuart: they are not following ford? >> i wouldn't be surprised get models knocked out, as far as mid-size cars, malibus still sticking around. stuart: ford motor company, no more fiesta, there's a couple of

other marks that i don't know but they are going, why? is it just to face money. >> fusion and focus as well. less than half a million units sold. you take the crossover versions, 30 to 50%, better traction, prices, they can sell the same number of crossovers as this, they can make the money. the focus isn't going away completely. it will come back as chinese import. that will account for a hundred thousand units, the new ford bronco and ranger pickup coming, they will be built at the factory that currently builds the focus, that accounts 250,000 units, about 350. they have another small suv coming, they haven't said the name of it yet. could be another hundred thousand. escape crossovers that can cover the rest of it. stuart: they are going to become a light truck, van and suv

company? basically what they are going to be. >> essentially, the only car left would be the mustang, at least for the time being, that said, they have a detail of what they will be doing with electric cars, some of those could appear as sedans, hatchbacks, that will be coming back in 2020. stuart: i was really interested in the story because i don't like driving a car any longer, it's too low, i like my van, i have an suv and i have a truck, i like to be up there, you know, you have a great view of everything. i'm sure a lot of consumers feel exactly the same way, once you've got the high ride, you don't wanting to back to low ride, where am i going wrong with this? >> bmw has eight suv models, they also sell cars, mercedes benz has 7. stuart: really? >> there's no reason not to sell the things if nobody wants the other ones and when you do sell them, you lose money on them. stuart: how much money does ford make out of an f-150 compared to

a fiesta? how much do they make on an f-150? >> estimated across the hall truck line 10,000 per unit, they are pushing 70, 80, 90,000-dollar trucks these days. with the regular crossovers, better transaction price. good portion of that is profit and don't cost much more to produce. stuart: 10 grand profit at least. good u stuff, thank you, sir. double standard, the left insults, no repercussions, the right does something similar, complete outrage, my take on that next

s. . .

stuart: it's a double standard. the left can insult people, the left can make outrage just statements, nothing happens. oh, it is difficult on the

right. conservatives are shut down. universities they are not allowed to speak. here is an example. i know this sounds very trivial but i think it reflects the lack of political balance. in new york, a judge has ruled that it is okay for a bar to throw out a patron wearing a make america great again, hat, the bright red trump hat. fine with me. it is your bar, throw him out if you want to. but i have a suspicion that the bar owner would not be allowed to throw out something, for example, a planned parenthood t-shirt, or a hillary hat, if there were such a thing. you get the point? there is a bias, double standard. it is always there. it persuades our society. the fresno state professor who grossly insulted barbara bush after she died. didn't lose her job. no disciplinary action at all. the college said she was exercising her free speech rights, true, but suppose things were the other way around and a conservative professor had insulted, say, former first lady

michelle obama. does anyone seriously think that professor would still have a job? come on. we know how things work these days. that is the thing, isn't it? we have to check ourselves before we speak. what rice will we pay for expressing a conservative opinion? it is like a cloud that suppresses debate. there is no such prohibition on the left. they can say whatever they like. they will call you names. you're a deplorable, to shut you up. here is a ray of hope. kanye west, he says you can't make me not love trump. a rapper openly supports the president? of course the left has vented its fury on him. stephen colbert said he lost his mind. fortunately kanye is made of stronger stuff. he is still standing. he bucked the double standard. that is really good. the second hour of "varney & company" is about to begin. ♪

it is thursday, 10:00 eastern time. mortgage rates, by the way dow is up 118 points. ashley: look at that. the number for mortgage rates, 4.58 percent. gone up 11 basis points from last week. higher treasury yields, higher commodity prices, everything pointing to higher rates. one thing i point out mortgage applications were up 11% year-over-year. whether people are saying i better get in now. but the rates definitely going up, no doubt. 4.58%. that is, by the way, highest level in over four years. stuart: 30-year fixed-rate. old-fashioned loan we used know and love. it is still a great deal. you know exactly what you will pay for 30 years. love that. look at facebook, please, ton of money, no impact from the scandal, the privacy scandal. we'll have a bit more in a moment. the stock is up $12.

visa a dow stock. biggest gainer of all the 30 dow stocks. why? a nice outlook. many analysts upgrading chipotle. it reported higher sales. look at the stock, it is now up $67. 407. oil is not having much impact. oil is $68 a barrel. brian brenberg, kings college professor is here. here it is profit, forgive me but the same old question. corporations are making a ton of money right now, in dollar terms it is astronomical! does it go higher still? >> we're really discounting the effect of the tax cut, that has been so underplayed here. we have so much room to run left in the tax cut. i see that fueling profits to the end. year. combined with getting things done on trade, taking away the nafta overhang, china overhang,

i think you have big potential if you get rid of those things. a lot of room left to run here. taxes will be at the center of it. stuart: well, well, bren breather is fired up. -- brenberg. what does he have to say about facebook? you saw the results. extremely strong report. extra 70 million in the first three months. >> that is the number, 70 million new users. eyeballs are on facebook. as long as eyeballs are on facebook, advertisers pay them. they will make money. i've been informally polling my students since the whole cambridge analytica thing broke. they are not leaving facebook because they love instagram. this there is no dent on instagram. ashley: think about that they added more than the entire population of the united kingdom in three months. stuart: 2.2 billion. ashley: total monthly users and active daily users.

stuart: they're so powerful, so many people use them. you know what i'm going to say, it visiter all monopoly. throw google in there. you don't have much competition, if you want to leave facebook where would you go? >> where would you go if you want to leave facebook, stuart? anywhere you want, stuart. facebook is not forcing you to do anything. there are plenty of places to go. there is the internet. ashley: to get that reach? stuart: i heard about that. ashley: al gore invented it. >> you can not like facebook but to call it a though noily is complete charade and leads you down a bad road. stuart: so very sorry i even used that word. what are you going to say about amazon? they report after the bell and the stock is going straight up? >> 100 million prime subscribers. 40% growth in the cloud business. they own everything you want to buy you will do it through amazon. every piece of data you want to store do you it through amazon. they're not a monopoly, stuart.

don't even go there. liz: they're not. >> they are in great spots in key areas of consumers lives right now. ashley: did you get the message, stu. stuart: i think i've been put in my place. >> one goal, stuart, no monopoly. stuart: we hear you. you may stick around. we have something for you a bit later. stay there. next case, a group of republicans in congress just released a new budget plan. it restrains government spending. tom mcclintock, republican from california. member of the budget committee. great to have you with us today. >> thanks for having me back stuart. thanks for having me. stuart: obviously question, before we go anywhere else, don't you need 60 votes in the senate or resolution or measure passed through? >> budget require a majority of senate but requires the budget to house to produce one. our deadline was april 15th. so far the house budget committee has done nothing. republican study committee, largest caucus in the house,

spent many weeks producing a budget that gets us back to balance before we end up bankrupting this country. stuart: so you need 51 votes in the senate. >> correct. stuart: if you want to get this all the way through. you won't get them. you have a couple of republicans who absolutely will not vote for whatever it es you propose. you need democrat support. you probably won't get it. i don't mean to be contentious hear but i want to see something happen and i don't see much likelihood. >> i can't read minds and i can't tell fortunes so i can't tell you what the senate is thinking or what it is going to do. in my view it is not a sin to try and fail. it is a sin not to try. and unfortunately that is where we are right now. congress is not even tried to produce a budget. the republican study committee has stepped in with one that incorporates a wide range of reforms and puts us back on a course to solvency. it is now urgent that the house take it up because the house budget committee produced

nothing on its own. stuart: obviously we have very limited time, i ask you if you just pick out one measure in the bill that you put forward, the study committee put forward, one measure most important to you, what is it? >> work requirement for able-bodied people receiving welfare. when that was used in maine it reduced their welfare roles 84%. the people who left welfare were earning twice of what they were making on welfare within a year of leaving. stuart: let's hope you get that through. real quick question about the caravan, migrant caravan arrived at border. you're a california congressman, what do you say about this caravan of the border? >> enforce our laws and secure our border. countries that can not or will not defend their border simply aren't around very long. jeff sessions made a very good point f our immigration laws are not going to be enforced then our borders mean precisely nothing. stuart: tom mcclintock, pleasure having you on the show,

sir, you got right at it. appreciate that. >> my pleasure. thanks for having me, stuart. stuart: big hour coming up for you. first a majority of voters approved of the airstrikes on syria. our next guest says we need boots on the ground as well. four-star general saying this, general jack keane he is on the show shortly. kanye west going against hollywood agenda, speaking out in support of president trump. how about that? we're on it. must-see tv. nfl draft starts tonight on fox, 8:00 p.m. almost 10 million people watched last year. this is a three-day extravaganza sean landetta former nfl punter join us later this hour. yes, you're watching the second hour of "varney & company." ♪ into retirement...

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stuart: well, well, well. we're up now 171 points. very positive news on the economy this morning. in particular, first time claims for jobless benefits? ashley: 4-year low. liz: 1969 level. stuart: almost back to when i was born. look at airlines, they're facing higher costs especially fuel costs. airlines are down this morning in otherwise strongly up market. more problems at tesla. their autopilot chief, out. liz: jim keller. they replaced with a pro named pete bannon. jim keller, the cfo left. the top sales marketing person left. we've reporting last hour tesla's stock is down 20% since its high of the year. and you got to figure that these executive are looking at stock options, we're underwater and

stock-based pay, look around, get a better job at intel. this guy who ran the autopilot division. he is at intel. this is make-or-break moment for tesla now. they need to make more model 3 cars to get cash in the door. they're at high cash burn now. that autopilot problem, remember there were two crashes with the robot cars. stuart: if your top executives, are underwater on stock options they have big incentive to take a hike. it is financial thing. liz: elon musk, talking the stock up to keep the guys indeer, in the doors. ashley: not working. stuart: next case, the u.s. bombed syria as a response to that alleged chemical attack there. now we've got a poll. 61% approve of those strikes on syria. only 31% disapprove. general jack keane is with us, fox news senior strategic analyst. general, you want boots on the ground. you say the strike is not enough. you want boots on the ground.

do you think america is with you on that? >> first of all we got boots on the ground right now and we have a few thousand there. we have to clean out isis, stuart, because they still have several thousand in eastern syria. so we're going to clear that out and i think what we should do as opposed to leaving, is stay and establish a control zone in eastern syria. our former colleague here, at fox, ambassador john bolton, now the national security advisor to the president of the united states has suggested, and i agree with him, we can bring in some of our sunni-arab friends in eastern syria to strengthen what we have on on the ground and also add to that some syrian sunni air racks and clean that place out that would block the iranians from being able to build a bridge from iran through iraq, through syria, to the mediterranean and also it would stop the iranians from military

buildup that has taken place in southern syria that is going to encroach on israel. so, that is what i'm talking about. stuart: i understand, but i got to ask you, how many more boots on the ground does it take? how long do you think they have to stay? you're talking about a pretty large commitment, both men, troops, and time, right? >> no, i'm talking about overwhelmingly regional sunni-arab boots on the ground. if we need to add a couple thousand we have, these are trainers and advisors. they're not shooters so to speak although they are with our forces. i'm not talking about combat brigades or anything like that but this would give us a presence there. and as i said it would prevent this potentially wider war that was getting closer and closer to with hezbollah, lebanon and iran and israel. the israelis know it, they clearly do not want the united states to pull out of syria.

obviously will impact on their national security. stuart: just a few weeks ago president trump said he wants out of syria, he wants to leave. but you're telling me now that john bolton is the national security advisor. he has spoken, our president has spoken to the crown prince of saudi arabia. i think he asked him for some money for to us stay. so you think this option of creating that buffer zone, that safe zone is probably going to happen? >> i don't know. the president's instincts have always been, you know to leave the middle east. i had a conversation with him when he was president-elect about this and tried to dissuade him from it, but i think the advisors that he has now and also the crown prince from saudi arabia, i think macron, who was just here, feels the same way. we have got to stay there. here is the other problem we have. as long as assad is there, assad is the reason why al qaeda is now there with the largest sanctuary they have had since

prior to 9/11. which they had in afghanistan. even after we get rid of isis if assad stay, they will be the son of isis because it gives the radicals an opportunity to organize and recruited when you have this brutal dictator going around killing sunnis. radicals of al qaeda and isis, they're all sunnis. they use the brutality of assad to be able to build their organizations. we have to have a long-term strategy to deal with assad. i'll saying in the near term, this gives us a start and some leverage on that. it does not cost us a lot. we're not talking about combat brigades or going to war in syria or anything like that. stuart: got it. >> we're talking about keeping a presence. stuart: fascinating. general jack keane, always a pleasure to have you on the show. we appreciate it. >> good talking to you, stuart. stuart: yes, sir. coming up, i love this, regulations, red tape, they are everywhere and it affects you.

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stuart: price of oil not having any effect on the stock market, 67, $68 a barrel. look at this, gas prices continue to rise sharply up what, two cents overnight. the national average is 2.79. there are nine states in the $3 gas club, hawaii, washington,

oregon, nevada, california, now reached the east coast, pennsylvania, the 3-dollar a gallon gas club. a judge in new york city has ruled that pars can refuse service to customers wearing a great america great again hat. brian brenberg, kings college business professor. what do you think of that? >> they ought to be able to do it. think of all the stuff you see in new york city bars, i don't know how they throw this guy out. i agree, stuart, there is double standard, see it in hard blue states, like new york, new york city. these are market decisions that businesses make and they have to pay for them. if they want to be intolerant to people who hold different political views, go ahead and do it, but do not be surprised when you lose it. liz: there is no such thing as political discrimination, right? there is no protected class. stuart: exactly. but my point would be, that if you walked in there, into the bar wearing, what, planned

parenthood t-shirt or hillary for president, they couldn't, they would not, they wouldn't throw you out. and b, if they did throw you out, the judge would put you right back in again, you can't do that they say. i am sure of it. ashley: double standard. >> i don't know if judge would do that but if i got a free beer with that hat or t-shirt, that would be a problem. liz: is it a problem? stuart: there is a new obamacare menu rule about to go into effect. i think this is all about calories. ashley: calories, says, goes into effect may 7th. has restaurant industry up in arms. covers restaurants, convenience stores, grocers, movie theaters, with 20 or more sells. you sell pizza, they want to know the toppings with calories. as industry points out, a million different combos of toppings. if you you have to write them on the wall in-store menu you will to the have a wall big enough. liz: ridiculous.

stuart: typical of the obama administration, who didn't care. ashley: you can go online. this rule says you have to have it visible on the wall in store, the calorie count. liz: news flash, pizza is fattening, really? really? ashley: come on, no. >> annual cost for this pizza shop owner is $5,000 a year. this, you're talking about -- liz: that is jobs. >> that is jobs. if consumers want this, offer it to them. they will tell you, they will shop at your store. you don't need the government regulating this. stuart: it is online. ashley: you don't need things written on the wall. stuart: mass agreement. ashley: i think so. outrage. stuart: brits say that prince harry has officially asked his older brother, william be his best man. william says, i'm honored. prince harry played the part when william married kate in 2011. 600 people were invited to watch

the marriage. may 19th, st. george's chapel in windsor. we're waiting for. ashley: there is no such thing as best man in royal speak. they're supporters. fa cup final. william is head of the football association which the cup is named after. guess what, he will go to his brother's wedding. can you imagine if he misses it for a soccer game. stuart: premier league soccer. almost out of time. i have to tell you this. the market is up today very nicely. is this the best it gets for stocks or is there more room to run? credit suisse's jonathan golab is bullish. he has been. he is next. ♪

♪ stuart: we played that before, haven't we. ashley: is there a rule we can't? stuart: yeah, you can play it once every 30 days without paying. liz: that is made-up rule on the fly. stuart: i like that song. anyway. play it again in two months. president trump will deliver remarks at the wounded warrior project soldier ride today. if there are any headlines coming out of it, you will hear them first. check that big board. the rally holds. we're up 149 points now, well above 24,000. microsoft and intel, they will report their profits after the bell today. both are dow stocks. both of them are giving quite a hand to the dow. look at microsoft.

i own some of it. it is up nearly two bucks. ford cutting sedan production. we used to call them cars. now we call them sedans. almost all of the cars from ford will disappear from the north american market. they will become an suv and, small truck company. that is what they're going to do. general motors, profit down a little bit, so too is the stock. it is down 69 cents at $37 a share. we have facebook, strong profits and they added 70 million new users in just the first three months of the year. jim anderson with us, social flow ceo. right from the get-go your company advises people on how to advertise, get your product out there, get your message out there, on the facebooks of this world, right? >> we're the software company that most of the media companies use to get their content out to those platforms. stuart: have you seen any impact from the people you advise because of this scandal on facebook? >> no, we haven't. stuart: nothing?

>> notably the advertisers were not testifying in front of congress, it was mark zuckerberg. we know advertisers can be skittish. there is no reason to be skiddish. they go where the audience is and get results and facebook is the place they're seeing that. stuart: they don't have much choice, do they? if you have 2.2 billion users around the world, frequent users -- >> 1.2 billion log in on any given day. that is staggering. stuart: that is not a monopoly but you have to tell people to get on facebook. >> facebook is the where the audience is and go there and get intelligently on them. how do you get the right message to the right user at the right time, that targeting thing, where we're talking about for months. stuart: facebook is capable of targeting because they have so much information on so many people and can slice and dice. >> google is capable of its own right. facebook is social network, and google is search engine. both of them are heads and

shoulders above everybody else in terms of reaching a massive audience. stuart: here is the power of big tech. tim cook calls up the white house and, says, mr. president i would like to have a meeting with you. the president says yes. they have a meeting yesterday at white house. that is the power of big tech, but b, jim, tell me what they're talking about? there was to press and no release of any statement. >> people love to talk about facebook, google, apple, amazon, big four tech companies. they're wildly successful. think about it, apple's business is more horde wear than the three companies combined they have a big dependence on china specifically and trade broadly. apple is very concerned about trade, concerns about a trade war being ignited. tim cook had strong opinions what he thinks should happen. stuart: tim cook should be worried about the theft of intellectual property by china. >> yes. stuart: he has an axe to grind there as well as keeping trade routes open. >> that is the balancing act. there is concern, will china

ultimately manufacture not just components of iphones and create iphone knockoffs. that is a concern his, i wonder if jeff bezos called donald trump, asked i want to have a meeting. ashley: probably wouldn't take the call. stuart: jim anderson, thanks for joining us. still to come, more on big tech. come on in jonathan golub, credit suisse chief equity strategist. every time you have been on the program you like big tech, from amazons, microsofts all the rest, you love them. do you still? >> earnings growth is fantastic. the stock prices have been kind of weakish recently, which means they have become really cheap companies to buy considering the growth they have and i agree with you -- stuart: wait a minute, cheap? are you kidding me? cheap? >> you can buy the stock multiple, p-e on tech sector is only, increment tally above where it is for the broad market because their earnings are going up so much.

people see, stock that is up 20, 30%, they think it is expensive. if their earnings are up 20 or 30% it didn't get expensive at all because it is driven by profits. stuart: they have got to keep it up. facebook just reported a 50% jump, i think a 50% jump in profits. >> right. stuart: over $9 billion. you have to keep that up if you want to maintain the stock price, don't you? >> no. you have to do, keep above average earnings growth. you will not have 30 or a% continued growth rate. these companies deliver double-digit revenue growth. margins different from other sectors continue to rise. it looks like as we're hearing from before very little competitive pressure from really bigger names that dominate their space. stuart: you have a smile on your face. you've been liking big techs for a long, long time. you put people into them. >> there are stocks more difficult to love and they could do well. these right now are very easy to love. stuart: fascinating. now look, there are two schools of thought on the market at the

moment. one school says, this is as good as it gets in terms of profits. this is as good as it gets. can't do any better than this. the other side, come on, we're just getting rolling, getting the profit machine rolling. which side of the fence are you on? >> unfortunately this is as good as it gets,. stuart: that doesn't mean profits go down, they start losing money? doesn't mean that? >> no. it means the pace of growth will be a bit weaker going forward. let me put it in context. this quart the s&p will grow its profits 24, 25% and we're going to see probably something in high teens throughout every quarter in 2018. next year there is no way we can keep that pace. does that mean we're falling off a cliff? no. what is the single biggest driver, the tax cuts are big benefit to profits. weaker dollar which benefited higher oil prices. helped oil companies.

everything is working right now. doesn't mean things will be bad but it is just, it is levitating right now. stuart: keep that smile on your face. >> always, always. stuart: keep that smile, lad. what about energy? you covered it briefly there. a lot of people on our program this week said energy is the place to be, the oil companies, that is the place to be. i think they believe the price of oil will go up from here. are you putting your people into energy stocks? >> we were for the last couple of years underweight energy, recommending that people stay away from it even if oil prices rise because these companies were super expensive. the prices have come down. the price of oil has gone up. we recently three or four weeks ago upgraded energy not overweight but to neutral. start getting more comfortable with it. i'm talking to institutional investors, big money, they are becoming much more positive on the energy sector, compared to other traditional industries like industrials and materials, mining. they're really shifting more toward energy than these other

groups. stuart: you must be a big hitter on wall street because -- >> a small hitter. stuart: no, a big hitter. as soon as you started to talk, bullishness came out from you the market started to go it. we're up 201 points. take a bow, son. >> excellent. stuart: yeah, it is great. keep that smile going. general electric's chief vowed to i think he said fix the business in the call yesterday. what's that all about. liz: he got an earful from ge retirees at the shareholder meeting outside of pittsburgh yesterday. they were saying ge is an embarassment. our pensions are now at risk. it has the biggest pension cost, 29 billion. he is saying give us time. i'm divesting $20 billion in assets. we're breaking up entire businesses. we got to grow too unwieldy. retirees are saying wait a second. with kind of a board lets jeffrey immelt fly with to the one but two planes? waste ad lot of money.

this stock lost equivalent after market value ibm, more than a ibm or more than mcdonald's in just over a year's time. this stock has been cut in half. retirees, you know what? ge has been embarassment. stuart we were talking this, this is has been underwater since 2001, when jack welch was there. he has a go of it. stuart: he certainly does. we have james comey, former fbi director last night in an interview said he is ashamed at the republican party. he is sitting down with fox news's bret baier later today. bret will join us in our next hour. we'll find out how, how he will approach the interview. that is the best way of putting it. first though, must-see tv. nfl draft starts tonight on fox, 8:00 p.m. almost 10 million people watched last year. this is a three-day extravaganza. this is the draft, goes on three days in prime time? amazing. sean landetta, former punter,

not a kicker. ashley: no, no. stuart: a punter for the nfl. we'll find out the difference between a kicker and punter and a few more things too. we'll be right back. ♪

♪ ashley: in the last hour former gop senator jim demint agreeded that the economy is booming but republicans have a lot of work to do before the midterm elections. take a listen. >> republicans need to counter that with real policy. they can talk about the economy as you have just gone over this morning, all over the country. the economy is really growing, faster than it has been reported. they have got to do more than that you also mentioned the senate getting their job done on nominees. and the americans need to hear a plan from republicans of what they will do in the future. they need to get their work done, particularly get the spending bills done before the end of september, so we don't have anymore drama. but i think americans and particularly republican base need to see republicans supporting the trump agenda. ♪ the electric car industry has spiked demand for cobalt, whose

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[ phone rings ] how's the college visit? does it make the short list? yeah, i'm afraid so. it's okay. this is what we've been planning for. knowing what's important to you is why 7 million investors work with edward jones. stuart: another restaurant chain doing very well, thank you very much indeed. how about cheesecake factory, up 3 1/2%. 1.88. at&t is down, yes it is, significantly so, 6% lower. they lost subscribers from their pay tv business. not good news. the stock is down 2.34. ebay's growth, slowing, not good. the stock is down nearly 6%. really taking it on the chin. sports, yes, we do cover it. the first round of the nfl draft will start tonight.

it is 8:00 p.m. eastern. it is on fox. this is must-see tv. amazingly. last year nearly 10 million people watched first round of the draft. look who is here. look who is back i should say, sean lan debt tax former nfl puntter-- landetta. >> nice to see you, sir. stuart: why is this a huge tv extravaganza. it never used to be such a big deal. >> no it wasn't. 30 years they show i had briefly. now basically the super bowl of the off-season. stuart: goes on for three nights. >> tonight is the big night, the first round, the best players are taken for the most part. then rounds two through four, five through seven, something like that. stuart: where is fox 5, regular fox, we're putting it on tv starting it at 8:00, going as long as it goes. >> a lot of people fall asleep before the end of the first round. stuart: is that right?

now you were drafted i think? >> yes, long time ago. stuart: now, was there that moment when you became an instant millionaire because you were drafted, you were in the nfl? >> no, no. that is not the case at all. only the first round picks, only top guys get guaranteed money. everybody else doesn't get it. that is the perception out there. but for those few in the first round that is a great moment. stuart: how many in the first round tonight? >> there is 32. there are 32 teams. some teams have more than one pick. 32 guys when their name is called will be instant millionaire. stuart: they know who they will be? >> for the most part. every once in a while someone slides or drops. that is the drama. everyone who thinks they will be picked high doesn't always happen. stuart: whether they know when they are picked how much they will make? >> basically they do, look at last three, four, five years, you get idea where you're picked, what you made before which they will get. stuart: something like 10 million, 15 million, a year, something like that. >> no, years ago it was different. they used to make more then they

changed the rules. first four or five picks look at 15 to 25 million guaranteed over three or four years. stuart: the word guarranty is important, isn't it? >> that is everything. in the nfl most contracts are not guaranteed. that money is in the pocket whether they turn out to be good players or not. stuart: not guaranteed, get the contract, not guaranteed contract, you fall ill or injured, whatever, that, sr. with you don't get the money? >> if you get hurt they pay you. but if you don't play well and someone else is better, they fire you, they don't owe you one penny. stuart: would you explain to me, for a few in our audience, what is the difference between a punter, you, and a kicker? >> well a kicker kicks the ball between the goalposts. he scores points. i come in when our team failed to get the first down. when i'm in the game it's a bad thing. kickers win and lose games. punters you usually don't want to see on the field very often, unfortunately. stuart: you don't earn as much as the kicker? >> we're the lowest paid guys in the league. that is okay. we play four or five times a

game. great to be part of it. stuart: you don't have the rough-and-tumble injury some people get, i get. >> that is true. you get injured but nothing like the other guys. stuart: what are you doing now? you're no longer a punter for a team, what are you doing? >> i do a lot of events and appearance work, mostly during the season, speaking engagements in the northeast here. enough to keep me busy. stuart: we'll keep you business i, sean. thank you for joining us. >> thank you. stuart: good stuff. next, kanye west, breaking the liberal hollywood mold so to speak, outspoken in his support for president trump. how about that? the pc police are going right after him. we are on it of course. ♪ hi.

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stuart: president trump responding to praise from, the rapper, kanye west. listen to what mr. trump had to say on "fox & friends" this morning. >> kanye looks and he sees black unemployment at the lowest it's been in the history of our country. okay? he sees hispanic unemployment at the lowest it's been in the history of our country. he sees, by the way, female

unemployment, women, unemployment, the lowest it's been in now almost 19 years. he sees that stuff, and he's smart. he says you know what? trump is doing a much better job than the democrats did. stuart: doug schoen with us, former clinton pollster, fox news contributor. doug, welcome back to the program. >> thank you, so much, stuart. stuart: do you think this is begins of a split this black vote. it has been pretty monolithically democrat. is this beginning of a cleavage? >> it could be, stuart. one entertainer, rapper, comedian, epdoorsing donald trump's efforts does not change the black community, let's be clear but if donald trump and republicans are smart and develop a narrative and set of programs for african-americans and hispanics, in absence of a democratic agenda, let's be clear there isn't a democratic agenda, it could get republicans up 15,

20%, of african-american, hispanic vote. if they got that, that would be pretty tough for donald trump to be denied re-election, stuart. stuart: i'm surprised to hear you say that democrats don't have an agenda or set of policies. i have been hearing a lot of about their policies shifting further and further to the left. >> they are. stuart: specifically, we had a gentleman on the show, candidate for the presidency, is this universal basic income, $1000 a month from the government for every adult in the country. bernie sanders is doing something the same. guaranteed government job for everybody who wants and needs one. >> sure. stuart: that is an agenda, isn't it? >> it is. i somehow see that a guaranteed job is pie-in-the-sky. we can't afford it. it is absurd. it discourages people's work and initiative. a guaranteed annual income is different tinge. it has been supported by republicans like richard nixon, economist milton friedman. but if it's a substitute for

employment programs, vocational training, it obviously discourages individual initiative. so the democrats, i guess have a series of ideas, but i don't think that qualifies for an agenda. i don't hear too many people talking serious by about guarantying jobs, redistributing wealth, and guarantying an income as a way to fundamentally enhance the quality of life for minorities in america. stuart: is it a winner in november? if you're handing out free money, guarantying jobs, you know, that can be attractive to a lot people? >> i think the democratic agenda so far can be reduced to one word, resist. i think so far what we've seen is, the democrats attack trump on every level, and to me, the real democratic agenda should be that of conor lamb who won in pennsylvania who is centrist democrat, anti-pelosi, pro-work, inclusive on social issues. that is where i think the party

ought to be. they ought to work with compromise with donald trump on issues like immigration, the wall, daca. that is where i think the votes are, not in radical redistribution and giving away money and giving away jobs. stuart: i ask you this every single time that we interview, why are you still a democrat when the party is walking away from you? >> it is harder and harder. i said last time i am independent-leaning democratic. i would also add, stuart, pair authentically, hopefully we speak i will be in florida, a red state, with no taxes. stuart: are you going to say there? >> you should. i hope i do. stuart: are you? >> if you will have me on regularly, i will. stuart: from florida, we will. thank you. >> appreciate it. stuart: next case, california revolts, taxpayers rising up against their own state government. it might be a long road to hoe but i'm glad they got it started. my take on california, next.

stuart: the california revolt rolls on. i am not talking about the state's revolt against the president, i'm talking about the internal revolt. california taxpayers and voters rising up against their own state government. as we said, the revolt rolls on. california republicans have collected over 830,000 signatures for a ballot initiative rolling back the recent gas tax hike. this is a big deal. they have way more than signatures than they actually need, a lot of support coming in from all sides. no surprise there. governor brown imposed a 12 credibility per-gallon hike -- 212 cent per-gone hike and a new annual fee for all vehicles. this is why gas in california is 80 cents a gallon more expensive than the national average. it is $4 a gallon at some gas

stations. this is the latest sign of revolt. we've already seen orange and san diego counties vote against the sanctuary state law, and they've been joined by at least a dozen towns and cities. the anti-sanctuary movement will soon head to the northern part of the state. sacramento is under siege. californians are already revolting with their feet, they're leaving in droves. it's hard to get precise figures, but economists art laffer and steven moor show -- stephen moore show 500,000 are expected to go every year for the next three years. that is an exodus. that is a revolt. we'll continue to use our time to report on what's really going on in california. it's important. it's known as the golden state. when i lived there back in the 1970s, it was, indeed, golden. now it's not. high tax, widespread poverty, a lousy business climate and millions walking out the door.

thank heavens for the revolt. it's going to be a long road back, but at least it's started. the third hour of "varney & company" is about to begin. ♪ ♪ stuart: it's happening right now, president trump delivering remarks to the wounded warrior project and the soldiers there. any headlines that come out of his presentation, you will know about 'em real soon. you heard my take on the revolt in california. well, shortly we're going to talk to sean steele, the republican national committee chairman of california. there's a man who is driving the revolt are. he's on the show shortly. and now this, france's emmanuel macron says he thinks president trump will dump the iran nuke deal, walk away from it. this morning president trump continued his tough talk on the iran deal. listen to what he said to "fox & friends." roll it. >> he came to recognize the, you

know, i can say it from my standpoint, but he is viewing, i believe, iran a lot differently than he did before he walked into the oval office. and i think that's important. he understands where i'm coming from. all they do is scream death to america, death to america. and by the way, heir not screaming it so much -- they're not screaming it so much anymore. they were screaming it with him, they don't scream it with me. [laughter] stuart: joining us now, congressman chris stewart. what do you say about leaving the iran nuke deal? >> i actually have mixed feelings on it. i was deeply opposed to it, i felt it was fatally and structurally flawed. there has been some reasonable outcomes from it, but as a minimum, as an absolute minimum we have to renegotiate and reapproach iran on some of these things. and i'll tell you the most obvious one, it's their icbm missile technology and the experiments they're doing there. we gave them $480 million in cash literally flown over to

them in a cargo aircraft in cash that they've used to funnel towards hezbollah and other terrorist organizations. we've certainly got to address some of those concerns. stuart: under the terms of the deal as written now, we -- america, the west -- cannot be inspect various military sites in iran. there is a move of to change that so that we could inspect those facilities. if we got that written into a new deal, would you accept staying in the iran nuke deal? >> it would take more than that for me. now, look, that's an important -- stuart: congressman, i'm sorry to interrupt you, i've got to go to the president. he's speaking just behind you, as a matter of fact. i'll be back to you shortly, sir. >> all right. >> and everyone at the wounded warrior project. thank you, mike. and mike has done an incredible job. mike spent 35 years leading soldiers as an infantry soldier reaching the rank of lieutenant general. and i know mike agrees there is no more important job than supporting the warriors who have

fought and bled to keep us free. so i want to thank you very much. [applause] that's why we are fighting to reform the v.a., and that is why we signed v.a. accountability legislation into law. i want to thank you folks, because that's been -- they've been trying to get that through for over 30 years. accountability. we want accountability. they don't treat our vets good. we want them out, and that's what we can do now. we couldn't do it before. that was a tough one to get through, but we got it through. and now we're going for choice, and we're going to get choice. and that's another one i've wanted right from the beginning, and we'll get that done too. so i'm so happy with accountability. it's been working on so long. we have people that were terrible working there, and they're gone. and before we couldn't do anything about 'em. but we're very happy, and we're

going to have the finest choice program that you've ever seen. in fact, we turned down one program because we truly didn't think it was good enough. is that right? we could have gotten it passed, and i said, nope, not good enough. we're going to go for the real deal. so we're going to have choice. there's no more waiting on lines for 12 weeks and you can't get the doctors, you can't get what you need. we're going to have choice. it's going to be a really good one, and these folks are going to be responsible for it. so i want to thank you all. this month marks the fourth anniversary of the phoenix v.a. scandal, horrible scandal. and we must make sure that this kind of tragedy never, ever happens again. we must always protect those who protect us, the heroes in this room today come from every background and every single walk of life. but they are united by the sacred bonds of duty and loyalty that hold us together as one nation under god.

your devotion, your endurance and your unbreakable will all a great inspiration to every single american. each of you has endured life-changing injuries. each of you has conquer add varsity -- adversity with resolve, never giving in, never giving up and never, ever backing down. have you ever given in, anybody here? i don't think so, huh? [laughter] this is not a stage of those that gave in, is that right, would you say? do we have any giver-inners? i don't think so. [applause] they don't know what that word, those words mean. they don't know. they are winners. as the nation and all nations watch you ride today, they will see the fighting warrior spirit that thrives in your souls. and by the way, our military

recent budget, general mattis asking, $700 billion. never happened before. and next year -- we don't even talk about it, already approved -- $716 billion. so that's really something. that's what we had to get. that was number one on our list even though we had to approve a couple of things that we weren't so happy with because of some folks that are not friendly to our military. $700 billion and $716 million -- and $6 million for opioid. we're going to fight that opioid situation harder than anyone's fought it before. we've already begun. but $6 billion for opioid and stopping that scourge and also for working with those that have, have unfortunately met with the opioids in a very bad fashion. so we're going to spend a lot of time, a lot of effort, and now we have the money. so thank you all, fellas, that's great.

[applause] with that, we will be able to see you through that brave example that our nation can defeat any hardship, meet any challenge, beat any setback and rise from our trials stronger and more determined by far, by far than ever before. our military will be stronger, more powerful than at any time ever before. better equipment. we make the greatest equipment in the world. it also means jobs. by the way, far secondarily jobs. jobs are a benefit, but that's far secondarily. one warrior with us today is someone i first met years ago. his name is dan nivens, and his incredible story embodies the long journey of recovery and triumph that each of you represents so beautifully.

each of you just represent it beyond what anybody can do. it's incredible. dan served as an infantry squad leader of task force tacoma in iraq in 2004. while on combat mission, his vehicle was struck by a roadside bomb. dan was severely injured, ultimately losing both legs. through countless surgeries, dan refused to give in. he is a fighter, and he is a champion. [applause] and the wounded warrior project was there to help dan along his difficult journey where he's had such tremendous success. dan is now a nationally-recognized motivational speaker and works

to serve other veterans and their families. i also know from personal experience that dan is a great golfer. [laughter] how do you think that makes me feel, huh? [laughter] great, he really is. he's a really good golfer. [applause] so, dan, i want to thank you for everything. you're really an inspiration, everything you've done and will continue to do for our beloved nation. we love this nation. we're in your debt, and is we are in the eternal debt of every single person on this stage. the wounded were yours, these are -- warriors, these are our most incredible people. our most incredible people. as you set out on your soldier ride, all of america will be cheering you on and watching. and all of america will be celebrating your strength and your tenacity and your unwavering love of your country.

my pledge to you, our noble warriors, is that my administration will support you and your loved ones and your amazing families every single day now and always. never gonna forget. that is our sacred commitment. as dan comes to the podium, i want to again thank you all for honoring us with your presence today. thank you all and thank you all for the help, everybody. it's a tremendous help. this group in particular has been of great help. may god bless you, may god bless our wounded warriors, may god bless our military, and may god bless america. thank you very much. thank you. [applause] stuart: president trump there speaking at an event for the wounded warriors. congressman chris stewart is still with us. he's a military man, or he was before he got into politics. congressman, i think i'd be prepared to say that president trump's the most popular guy

with the military, the most popular president for a long, long time. what say you? >> yeah, i think that's probably true. he very clearly has a special place in his heart for these warriors. he called them wounded warriors as we recognize them, but he also called them noble warriors. and as a military guy deep in my dna, my father, my brothers, some of my own sons, i just love to see a president who honors those brave men and women who serve and sacrifice so much. stuart: you know, congressman, you have a habit of appearing on this program at the most convenient time. you just popped up just like that as the president's addressing the wounded warriors. >> yeah. stuart: fine timing, sir. thanks for being with us. we appreciate it. >> thank you. we'll come back. stuart: yes, sir, you will. all right, check your money, please, because we've got a nice rally coming here. stocks up this morning on strong profits and some pretty good economic news as well. the dow's now up 200 points. the editor and publisher is with

us of the gartman letter. we keep having this constitution about profits. is it as good as it's going to get right now or can it get better? what side of the fence are you on? >> it may well get better. companies here in the united states have done an extraordinary job of making their balance sheets better than they have been. we've become more productive. we're using machinery far better, we're using labor far more effectively. we could still see profits get stronger. the economy is, indeed, doing very well. and ms. agood -- and as my good friend brian wesbury calls it, the economy continues to plow forward. am i bullish at this point? i've been on the show now for several months and beginning, basically, in december and january of this year i started to turn quite bearish with stocks. i think stocks can be under pressure even though the economy is doing quite well. can profits get better? probably are, probably shall. stuart: okay. if you're a little bit worried about the stock market and its

direction, where would you put your money? you wouldn't go into bonds, would you? >> well, there are actually some interesting bond funds listed on the new york stock exchange, etfs of the sort that are short-term duration that pay, i mean, many of them pay 7, 8, 9% with returns, with dividends paid on a monthly basis. so i think that's a fairly good place to go hide. would i own long-term government bonds? no. would i own long-term corporate bonds? no. but would i own bonds of three, four, phi, six-your -- five, six-year duration, absolutely. stuart: i was not aware of that. was looking around for a high yield investment, i did not know i could get a bond fund that would pay me on a monthly basis 7 or 8% dividend yield -- sorry, interest. i wasn't aware of that. tell me. >> they are listed. i hate to talk about them on national tv because otherwise the sec gives me a hard time. send me an e-mail, i'd be happy to send you the names that i own in my own retirement account.

stuart: are hay corporate bond funds? >> no, actually, one is actually an australian and new zealand three to four-year treasuries. but for the fact of the matter is it's been quite some period of time since either australia or new zealand has had a revolution. [laughter] i'm not too concerned about it. plus a couple of other ones that have some equity involved in them, business development corporations, bdcs, that pay very nice dividends. they're under some pressure, obviously, as interest rates have been going up. but when you're getting 8 and 9% a year on a monthly basis, it overcomes any kind of weakness -- stuart: it most certainly does. that's very useful information for our audience. i mean, a lot of people who watch the show a little worried about the toppiness of the stock market, and we just love 7, 8, 9% monthly dividend. mr. gardner, you're all right. we like that information.

gartman, sorry, got it. sorry. [laughter] dennis -- >> i've been called worse. stuart: not by me. you're all right. see you again soon. thank you, sir. next case, james comey making the rounds, and bret baer snagged an interview. it will be airing tonight. actually, it's going to be live tonight. but bret's going to join us later this hour, give us something of a preview. a judge in new york ruled it's okay for bars and restaurants to refuse service to trump supporters. we're on it. new york governor andrew cuomo threatened to sue i.c.e. agents over what he calls unconstitutional raids on undocumented immigrants. betsy mccaughey, former lieutenant governor of new york, on that next. ♪ ♪ mgx minerals' disruptive technology can extract lithium -

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stuart: new york's governor, andrew cuo, threatening to sue i.c.e. agents over what he calls unconstitutional raids on illegal ares. come on in, please, former new york lieutenant governor betsy mccaughey. okay, i.c.e. agents raid illegals in various locations throughout the state. the governor says that is

unconstitutional. where is he going wrong? >> he's totally wrong, and it's a waste of taxpayers' money to sue i.c.e. over this. the fact is that the federal government has conducted rawds all over the country -- raids all over the country on this. they have the authority to do it. cuomo is playing politics. look at what's happening here. cuomo was running for re-election as governor, he's threatened on his left flank by this sex and city star cynthia nixon, so he's trying to prove his progressive bonafides, and he also haze -- his eye on the presidential contest. catering to illegal immigrants is one way to do it. but the law and the constitution says federal agents do not have to check with local authorities before they make a raid like this, and they do not need a warrant if they have probable cause. he's wrong, wrong, wrong. stuart: okay. so pure politics here. >> pure politics.

stuart: that's all it is. >> that's right. stuart: i want to talk to you about this bar in new york. a judge ruled that the bar could throw out a customer, quite legally, quite legitimately because the customer's wearing a make america great again hat. now, i say if you own the bar you can decide who comes in -- >> absolutely not. stuart: wait a second. unless you discriminate, unless it's for racial grounds, ethnic, religion or gender. >> well, the fact -- stuart: you can't throw people out for those reasons, but this is politics. >> the fact is even though there are statutes in a handful of municipalities -- washington, d.c., seattle, madison, wisconsin -- that protect patrons' access to bars and restaurants and hotels regardless of their political views, even though only a few places have passed laws like that, we have the first amendment. and the aclu in the past has actually defended the right of nazis wearing swastikas to be served in restaurants. so the aclu ought to be all over

this. stuart: well, let's suppose it was the other way around and that someone walked into a bar with a planned parenthood t-shirt. let's suppose they did. >> i don't think they should be thrown out either. stuart: neither do i. but if they -- no judge would allow that person to be thrown out. >> that's right. stuart: if you're a trump supporter, throw 'em out. but if you're an abortion supporter, oh, they stay. double standard. >> masterpiece cake suit that's before the supreme court now. if you believe in gay marriage, the cakemaster can't deny you your, quote, right to get a cake baked that says something about gay marriage on it. stuart: okay. i'm a little on the other side of the fence on that one. betsy mccaughey -- >> i'm just saying no matter what your views are -- >> right. stuart: you looked shocked at me there for a second. i got you. [laughter] i surprised you. betsy mccaughey, we'll see you again soon. >> thank you. stuart: thank you. the confirmation vote for mike

pompeo expected to happen in the senate this afternoon. next we have sean steele, the republican national committeeman, california. he says pompeo is going to be the most successful secretary of state since henry kissinger. he'll make his case. and we'll also get his case on the growing revolt in california. republicans are taking on the gas tax hike. that's a big deal. third hour of "varney & company" rolling on. ♪ ♪

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"face to face" we have a rally. we are up 200 points, stocks are on the upside, a big triple digit rally. our next guest has a piece in the wall street journal called from parkland to waffle house. it is how we, americans, are rediscovering the virtue of fighting back against threats. there is a premise for you. the name of the author is dan hettinger, welcome back. from parkland to waffle house,

we are beginning to fight back. what are you talking about? >> this is a good news story. where for house, parkland, the shooting at the high school, waffle house, these awful events keep happening in the thing about waffle house is james shaw as he says in the blink of an eye saw the guy reloading, he runs at him, stops him. the same day that happens, there was a fascinating article in the wall street journal about how, since the parkland incident in february, school systems across the country have been instituting a 0-tolerance policy towards students who make threats against their schools. by 0-tolerance, i mean they are having them arrested and charged. this is incredible. since february, you know how many students have been charged in the state of michigan for making threats against their schools? 54. it is mind-boggling. there was a time a kid would say something like this, go to the counselor's office. now they are going to the squad car and going down, literally

being put in jail. my argument is many years in this country, we used to have a policy of pushback. i don't just mean terrorist threats. 14-year-old girl using the f word. if you were walking down a school court or saying that you would go to the principals office, not anymore. there is a point people in authority, school principals, college pres.s started to stand aside and say i can't get involved, the lawyers say i can't get involved, somebody else's problem in social mayhem. stuart: you are happy to see what you call fighting back or pushing back. >> no guardrails, we took down the guardrails and people started going off the side in small ways and big ways. a lot of young men with mental problems are part of the examples of someone who was not told to get back on the straight and narrow and given

the help they needed. a lot of schools have come to a point we realize we have to start doing more than we have to prevent these things and prevention is the cops. back to the 1940s, we could do a lot worse. stuart: how many are we getting in michigan? >> 54. stuart: we hear nothing about that at all. >> they have all been charged. stuart: now you are talking. that was a good one. well done. back to my editorial, top of the hour republicans in california trying to get back, fight back against the latest gas tax increase collecting signatures for ballot measure which would withdraw the tax increase on gas. republican national committee man of california, i am calling this a tax revolt.

they got the signatures required to get on the ballot. it is going to be on the ballot. >> almost twice as many as you need. if you obey the law and get just enough signatures democrats will say that is not enough. they are invalid. we have 900,000 when all you need is 585. you have to play the game but you have to play at all the way. californians are facing $.62 in new taxes on gasoline per gallon and $150 to register their vehicle every year and who does it hurt? it hurts the working class, hurts the middle-class. stuart: california right now, you pay $.80 per gallon more for gasoline than the national average. i would imagine if you try to get the tax repealed you would get support from all across the aisle. this is not just republicans who will support this was where

will those signatures come from? >> you get nearly 1 million signatures you get them from all parts of the state, we don't care what party there is, just went citizens to sign petitions, no resistance, nobody says no, but it will repeal the gas tax, something people understand. things that people don't appreciate. when you go to the pump and put in 20 gallons, your cost is a lot higher, that upsets people, the diesel costs, $.20 a gallon more than the gas tax. this is something visceral that people feel. stuart: it is expected to cross into the us, lawyers on both sides, they will be processed, stay for a while, how do you feel about that?

>> they picked california for a reason. in arizona and new mexico, they go to my state. the pres. cares about the borders, many of those people in the caravan i gained members from honduras, part of the ms 13 cabal, no way to that him, a national security threat, and organizes from san diego, and the registration of illegal aliens, when you violate immigration law that is a federal offense and people in san diego that are paying for this, have organized everything, involved in human trafficking. they are newspapers every day. stuart: i have got to have time from this. you think mike pompeo when he is confirmed as secretary of state will be the best secretary of state since henry

kissinger. make your case. >> beside him being a good friend, he is west point, harvard law review, in congress on the house intelligence committee after two terms, widely recognized as a very brilliant guy, he goes to north korea before he was secretary of state. one of the greatest peace negotiations of our lifetime. and what it means is this is a very dynamic relationship trump is trusting pompeo's decision-making. stuart: thank you again for being with us. >> there is life in california. stuart: protesters in new york city will take off their pants

as part of the demonstration, christina part in times square where it is going to happen. >> it is part of the campaign, the group is called send earth, too dirty to wear. levi's and the fashion industry as a whole are contributing to air pollution through the use of coal that goes into making these genes. they will run up behind me. people are wondering, i don't see anybody taking off their pants. could happen in an hour or so, they are going to remove their genes in protest to raise awareness how much coal is going into the genes. to meet or beat paris climate agreement standards and to become fully based on renewable energy and reduce carbon emissions. this is an ongoing problem

across the board with fast fashion retailers, constantly turning over, throwing out there clothes. one statistic from the environment protection agency, 84% of the clothes you donate, you get rid of and up in a landfill in the united states or incinerated, reached out to levi's and they responded they have a long-standing commitment, taking action on climate change and they have been vocal about it, in line with the paris climate change agreement, they are committed to reducing emissions by 25%, 20% renewable energy. this protest is going to happen very shortly behind me, and i don't think you are invited. stuart: i will see the videotape. i went an accurate count how many actually do show up and

take off their pants. i'm sure -- >> i will be sure to counter. stuart: thank you. this, millions of hotel rooms could be at risk of being unlocked by hackers. the software used in electronic key cards has a vulnerability that will allow criminals to create master keys and open any door in the hotel and exploit the floor, and the whole process takes a minute to complete. that is a scary one. hitting an all-time high, people spending money using credit cards, strong forecast for the future, up 5%, big gain for a big stock like that. the company is up, stock is up 2.8%. pepsi, sales falling short, stock is up to dollars, that is

2%. the white house announcing donald trump will visit the united kingdom on july 13th. i want to know will he ride in the cabbage? >> he was given the invitation of the state visit but that caused an uproar. that invitation still stands. stuart: we talk about the retail ice age on this program happening as we speak, crews tearing down a vacant mall in illinois. james comey making the rounds, bret baer, the latest interview will air tonight live, bret will join us in the next few moments. ♪ ♪ i feel glorious glorious ♪

nicole: i am nicole believes with your foxbusiness brief. young viewers watch netflix the turning off major channels on cable that so many young viewers used to watch. we see netflix up 100% over the last year but the viewing of popular channels, cartoon network and disney channel that are owned by viacom and disney,

that viewership has dropped 20% year over year, some using freefall, advertising, have also dropped over the last 5 years and haven't grown, children in the age group of 25 to 11 years old have turned to netflix, on demand, no commercial, we have seen advertising moving that way as well. netflix today up to and a half%.

stuart: retail ice age happening as of right now, crews tearing down a vacant mall in northern illinois. jeff flock is there. we will seeing more stuff like this. jeff: nothing since the picture, they were waiting on the dome for us, they knew you would be on the air with them. this is the only outlet mall and look at the numbers, the retail market vacancy rate, first quarter of this year, 8.7%, a 6-year high, i have the man who really developed this. is there anyway as i look at this wreckage, to develop this again? >> we are excited about the

opportunity, we bought a great location at a great price and we are indifferent to the use but we would love to find the retail. jeff: you thought you might do retail but that was the case. >> we are talking to retails, industrial use. jeff: that is the key going forward, look at the bankruptcies in 2018 alone, there's a whole host of them and there just isn't the retail. which is telling us, get an amazon fulfillment center or any industrial use, that is the key. retail isn't going to care. >> we are looking to regent for a 5 real estate like you have seen next to train stations where they took older, out of function real estate and converted it to real uses. jeff: you see it right there.

what a picture. stuart: a best visual of the retail ice age. thank you very much. james comey promoting his new book, tonight he sits down for a live interview with bret baer and brett joins us now. yesterday at cnn town hall james comey referred to this network is the network that wants to put him in prison. what kind of interview are you planning? >> not behind bars. it will be live on special report. i have no interest in putting him behind bars. i have interest in asking questions that haven't been asked, substance, some things lawmakers haven't gotten answers to in these investigations, how he has handled them, what his book says about decisions he made and some things his book doesn't tell us about how he handled the clinton email investigation and the trump probe and what we have learned

since. this rollout has been quite something. we have never seen anything like this on a book tour but we are happy to have a bite of the apple if you will and there's going to be a lot to ask. stuart: i think it is shocking as a newcomer to this country, i come here and have great respect for its institutions was when i see the former director of the fbi, top law-enforcement agency of the country going on a book tour trashing our president i got to say i am shocked to see that and a lot of americans are shocked to see it. >> i think so. it was surprising it came out as fast. he has been asked that question. i read the book, have seen every interview, read every interview since the rollout, why do it? he felt a personal moral kind of draw to get this out now for the good of the country. there are people who raise eyebrows both on the left and

the right about some of the decisions and how he explains them in the book. stuart: thank you for appearing with us, i am sure you have a lot of preparation to do. thank you for being with us. you can watch brett's interview tonight, james comey on special report on the fox channel, it will be good. next, a special treat, take your child to work today and we have two on the set with us, the daughters of our producers, stay right there. children next. ♪ we are the kids in america ♪ we are the kids in america ♪ or smack welcome to the xfinity store.

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stuart: when your dad gets home what does he say that you >> a lot of weird things about work. stuart: does he enjoy it do you think? would you like to be a producer of this program and come to work with me every day? you would like that? what happened?

the tape froze. i believe you briefly saw the two youngsters from last year, we brought them on the set literally an hour or two ago and taped them. have we got the tape? hold on a second. it is coming. what is that commercial? a commercial for a bank. any day now. can you hear me now? we are waiting, we will get that tape. ashley: another year older by the time we get it done. the rally, not as strong as it was, we are up 138. microsoft is doing very well. i do own some, it is that 9408 up $1.77. we will take a short commercial break and hope to get the girls after this. aving for a house,

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stuart: when your dad gets home after being executive producer of the show. what does he say? >> a lot of weird things at work. stuart: really? does he enjoy it, do you think? >> oh. stuart: would you like to be a producer of this program coming in to work with me every single day? >> yes. stuart: you would like that? that was then, last year. this, ladies and gentlemen, is now. they're back. we have with us today, anneliese, right here, daughter of our 11:00 producer, chris ambrose. we have penelope, daughter of justin who is the executive producer of the whole show. ladies, welcome back. are you happy? >> yes. stuart: you can say good morning. great to be back. good to have you. anneliese, first to you. i am told that you are really good at math and science s that true? >> yes.

stuart: so what do you want to be when you're older? >> a producer. stuart: a producer? really? a producer of a tv show like this. >> uh-huh. stuart: why? >> because i like it. stuart: yeah? when your mom comes home, what does she say about the show she just produced? >> she says, she likes that. stuart: okay. very good. now 4:00, in the afternoon, about 10 past 4:00 we get ratings. your mom looking very carefully at ratings, 10 past 4:00 every afternoon? >> uh-huh. stuart: what does she say when she sees ratings? >> she says -- [inaudible]. stuart: generally very happy. penelope, welcome back. good to see you again. you're looking wonderful. are you happy. >> uh-huh. stuart: glad to be back? >> uh-huh. stuart: now what do you want to be when you get older?

>> an artist. stuart: an artist. there are is all kinds of being an artist. painting or -- i think i'm an artist on television. what kind of artist do you want to be? >> a painter artist. stuart: painter artist? are you good already? really? what is your favorite subject to paint? >> not sure. stuart: what does your dad do? justin manado is executive producer of the show, what does he do at 10 past 4:00 in the afternoons, when we get ratings on the. >> if he loses he curses. if he wins he gets excited. >> if he loses he curses, he wins he gets excited. he does it a lot. there you go. anneliese, penelope, lovely to have you back. can you come back next year? >> yes. stuart: done. anneliese, penelope, we'll see you later.

well-done indeed. >> thank you. stuart: are they cute? , parents should be very proud. >> painter and producer. stuart: why not? ashley: why not. stuart: i like comment about ratings. neil, i'm done. it's yours. neil: you know, that resemble ad hostage-taking. [laughter]. they're adorable. they're like, one question away from saying, and daddy really hates you. [laughter] so does mom. very, very much. this is why we don't have kids here. we don't want to set yourselves up for that. we're vulnerable. thank you, my friend, we're focusing on rainaway market here. we're not focused on all political worries and crosscurrents, like better-than-expected earnings. small business optimism survey out surpised a a lot of folks. we got the 10-year still near