>> my thanks to dagen mcdowell right to stuart varney we go. stew take it away. >> good morning mario. good morning everyone. what a terrific way to start a big rally, a half hour from now, you will be looking at what a, 200 point gain for the dow industrials. this morning we'll go getting pretty close to 25,000 again. stocks moving up acrossed board especially technology. the reason the u.s. is, quote, putting the trade war on hold. with those words treasury secretary mnuchin suggested truce in the trade talks america delays tariff. china buys or more of our stock. a deal specifically -- china has committed to buying a lot more from our farmers.

mnuchin is adamant it is not a trade war. the market loves it. politics -- wow. the president comes out swinging, he's had it with spying. he's demanding the justice department investigate the use of informant inside the trump presidential campaign he calls the russia probe ridiculous and look at this. a headline in "the wall street journal," where in the world was barack obama? columnist james freeman wants to know what president obama news about spying on trump's campaign. this is going to be a big show for a very big day. "varney & company" is about to begin. ♪ >> now whenever you've got trade talks going on or development this trade we like no check big exporters caterpillar tractorrer

pretty good news and it is up 2.3%. exactly the same story for boeing you're talking trade and something positive up goes boeing. 7 dollars higher this morning. roughly 2% up. and look at the futures we're still holding on to 200 point gain for the dow industrials. couple of other markets to check for you. if i feel, oil -- we are at 7146 this morning just a little bit more on that in a second look at the price of gasoline national average is 2.99 a gallon. by the way it is 80 cents more expensive in california. happening right now, secretary of state mike pompeo unvolling the white house's new iran strategy he's giving speech at the hair had taj foundation do we know anything -- >> 17 pages here give us 15 seconds it's this title after the deal a new iran strategy. officially says look no more creation for what they call iranian or acceptance of missiles landing in the golden heights no more expansions of

power says mr. pompeo he says basically no more. what are they going to do but put more financial pressure on iran through sanctions, but also try to deter ann i can aggression through several means which they have not highlighteds here but also to advocate they say to iranian people they're trying to get to the iranian people saying life doesn't have to be like this. there is a much bigger bigger world out there that you are being denied thanks to those in charge in iran. bottom line he goes on to say i thought was an interesting thing they saw that deal originally struck with obama administration as starting gun to storm across the region. lebanon, syria, the rebels in yemen all of the money that wept in those crates flown to -- to tehran that money is disburse in form of weapon and support for those creating aggression in the middle east. >> that was strong from pompeo

first foreign policy speech and still holding to a 200 point gain for the dow industrial so his comments not directly affect aing the negative market. mnuchin he says trade war has been put on hold that's his words joining us now fox news contradict tore james freeman a wall street journal editorial kind of guy. now, i'm going to get to your land mark editorial a little bit later, because you're making ripples, president is just tweeted it be. but first -- also indeed, sir, first trade i'm describing this as a truce in an ongoing season negotiations. what say you? >> i think that's how markets are looking at it we've talked eat about problems that chinese deck tatership create when is it manages trade seeks our technology, but this is a remindinger that there's a lot of benefits. the world loves to trade. tariffs make it more expensive to trade they make it more expensive for kiewrls so markets are treating this as good news.

but there's not a war with of trade barriers. they david here both sides have given gotten a little looks like that incremental step. >> i think we're waiting to see if the -- i think a problem is this focus on the trade deficit and this idea that the u.s. wants specific amounts of farm goods that the chinese buy. what you want is an open economy where people are able to trade and buy whatever amount and end up saying we'll let you keep stealing technology to you buy more soybean i don't think that's necessarily good trade for the united states. >> that wouldn't be a win. stay there please i want to talk about that editorial the president was watching stay there young man. stay there. markets first of all check rates where are we on that tenure yield 308 please remember it was 3 10 or 311 down a bit last week. key fitzgerald is with us now

the trade war put on hold according to treasury secretary a rising interest rates the one remaining problem. >> you know, i wouldn't put it as the one remaining problem stuart we've got the middle east we've got a resurgence in koreas, however, it is speed those rates change that is critical if we have a slow burn higher, the market will absorb and economy will absorb it it is a spike that concerns traders because that is hard to compensate for. >> this is a bona fide rally 200 up not a problem there. >> my take is yes. the traders i've talked to prior to coming on air today suggest that they're buying it's for real and broad based which tells me there's a lot of fuel to go high or wait withing in the wings. >> real fast i want to deal with ge, i believe we've got news that they're trying to sell off another chunk of the business. what do you make of ge this morning? >> you know, that's a company that's a bug in search of a windshield i like what ceo is doing but the problem is -- [laughter] >> that was good but of laking

here that was goods. >> thank you. thank you coming from the left bank i have to do something for a living riewght. here's the -- thing about ge is that thing has been a disaster for a long time stuart i'm not ready to place they trust in that stock i don't care what they sell off or how they do it until they get revenues back and ceo really gains his footing it is nothing more than a rift or speculation at this point not the investment or coveted dividend it used to be. paid to company as evil kind of company very much opposed to there. but look at this stock is up 1% this morning. what do you make of google? >> oh, i still think this was a great piece pure and simple laws are created to deal with antitrust associate with manufacturing 100 years ago. washington is outmaneuver out negotiated strike outis strategd because it is not a distribution center like this was in rockefeller era. prnch thanks for joining us. so i think we'll see say

good-bye to you right there. sorry about that. [laughter] oh. but you did good with that bug searching for windshield that was a good opening on a monday morning. thank you. >> you stuart. i really are want to save time to get become to headline from james freeman and journal this morning there it is will you look at that. where in the world was barack obama? somehow the former commander in chief is is largely ab sent from the political spying drama. by the way, the president just tweeted about it saying -- good question. that's what he said about your article, james freeman. you're famous, son. see what we do for you. >> get the twitter -- coverage there. it is really this is the question. that kind of looms over all of this isn't it? it's -- if the fbi or the justice department i don't know who did it. but somebody placed a spy inside the trump campaign. now, that must have gone high per than james comey or clayer or brennan. it must have gone to political masters attorney general loretta

lynch or president himself. you would have. you would think this was a presidential level decision and supposed to call it informant not a spy. but -- so spying is too ugly a word but government of the united states is conducting surveillance on party out of power the presidential campaign and the party of the power you would think this is a pretty high level decision is. people have talked about the deep spade and how far unelected officials go in -- in exercising their power. but i think this is naturally a question for the senior executive. are we going to take this really amazing frightening step of spying on the opposition political party and i think -- the question for mr. obama is, whether did you learn about it? did you approve it if you didn't, with when you learned about it later, how did you respond? did you say what are you doing? how did this happen or --

did you take it in stride? >> essentially your story is it's going up the foods chain. it goes up and up to the very, very top. >> well it impose through a lot of effort by -- devin in the house in seeking documents when exactly did this begin and who authorized it? and he's, obviously, had a great deal of trouble pulling those documents out of the government. maybe the president's tweets over the weekend will encourage more transparency here. >> hit the nail on the head there james. rng thank you, sir. extraordinary article i recommend all of our viewers read it. thanks very much sir. i've got a brand new poll that is from cvs wow here's the surprise. a large majority gives president trump credit to the good economy. who would that thought we will deal with it. wait for it hillary clinton, a little surprise for students at graduation could that be -- a russian hack? we'll be back.

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>> you polled from cbs news who would have thought 68% of merchs credit the president for the good economy. wow. shock. horror for some joining us now is cooper for public policy research. a, it is a cbs poll b that's a complete surprise who would have thought we would have two-thirds of the people say yeah the president has a good economy. well it's a sign -- that this economy is moving. >> it's working on all eight cylinders. what we're seeing with this cbs poll is, when you ask people, what's going on? you're seeing they understand. for instance, google is reporting that we'ring up tick

in number of americans of strategic spike in the number of americans searching for vacations. last summer, we broke a record and it looks like we're going to break that record. housing is up. you know, a rising tide lifts, all votes, this is going to have international implications because this economy growing the way that it is when the president says, i'm getting out of -- out of the iranian deal, it means european companies are are going to have to pay attention. >> but real impact surely on november elections because if two-thirds of the people think that it is trump who is created this prosperity that is surely a whopping great plus from republicans isn't it? >> oh, absolutely. it reminds me of the good maxim for great baptist preach stick to preaching and not medaling other last eight years of the

bongs all of the government was meddle. all it did was minimize the ability of people to achieve. this president is saying, we're here to let you be successful and a the american people when they show up in november, they're beginning to reflect that. because they appreciate it. >> i'm sorry i have to tell you i'm surprised that this message penetrated the universal dislike of president trump and the refusal to give him any credit in the american media. all right thanks very much i'm sorry out of time but thanks for joining us sir. i want you back real fast. thank you. thank you, sir. now president trump i'm sorry -- president obama no, it was president trump -- i think the script is wrong there president trump who tweeted out a wall street journal headline. where in the world was barack obama? it will be a theme on this program for the next three hours. and we will explain all of it it's a great story. more varney after this.

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that was a moment of silence there on the nasdaq harkts. now i should tell you when we do open this stock market this monday morning nine minutes from now we're going to go up 200 point about 200 points for the dow look at that or for the nasdaq too tech will do up well up 50 points it's a rally there monday morning to venezuela. nicholas the president has won a second six -- a new i should say six year term. rival candidate calls for a new vote but really emac this is about oil. are we going -- >> that would be next step because u.s. has done everything short of that and sanctioned u.s. supreme court justices they've sanctioned the vice president of venezuela for tieses to iran it is a national security threat according to the white house. said that since 2015 due to

venezuela ties to cuba were ran, and syria so what would be the next step an entire blockade of venezuela's oil industry which is effectively owned by the chinese. >> so the chinese how much have they lent them? 69 -- >> 63 billion from it was to 2014 we don't know how much venezuela paid back oil for loans. but you know, effectively china owns paid to oil sector down there. they've lost their shifts. a lot of money on that right now. >> impose embargo on their oil ting they send us america about 600,000 barrels of oil -- i don't know the time frame that have but they send oil to us if we cut that off -- they suffer, they really do collapse. >> they really do collapse and price of oil goes up. question is -- what more hardship and headache do you put on people to suffer turned that blockade. >> that's a fair question to ask and white house is talking about that. they'll have a policy at some point and i wound per it is a

hardline as mike pompeo secretary of state -- on iran are which you broadcast earlier. and extremely hardline to iran. i want to update hawaii. lava has reached more on the ocean. an update on that please. >> not a good copy look at that when lava hits the ocean it creates hydrochloric acids and volcanic glass particles that shoot into the air. if you inhale this it can be deadly as you can imagine and this a cloud a lava is and haze it is not good. could clearly -- hawaiian authorities have kind of cut off this area to anyone to be able to get close there are people who want to take picture was this remarkable scene of lava hitting pacific ocean but it can be deadly meanwhile two other eruptions again this weekends ash thousands of feet up into the air. and this just goes on, this

first began back on may third. we're now what may 21st this 18 straight days, the lava as long as ground keeps shaking the lava will keep flowing and that lava is now across one of the major highways let me get concerned about cutting people off entirely. they have no idea when this thing will wrap up but it is continuing more than 2,000 earthquakes since this began stew. sorvetle reminds me of mount st. helen which you covered way back when -- it blew the top off, the worry is that the same they think happens with kilauea -- with profound consequences for the -- for the ash what goes all over the world. >> first injury this weekend someone was hit by a lava shattered his leg. he survived but saying like hand grenades shot into the air in any direction if you're anywhere near that, take cover they can kill you so remarkable thing. >> i can't begin to understand

what the impact could be on tourism. hawaii is a tourist destination. i mean love to know the impact i suspect a negative thus far. let's go to markets to open up on this monday morning literally five minutes from now e we're going to go up 200 points up for the tao industrials we have got what may be a truce in the trade dispute with china. our treasury secretary says, no trade war. it's on hold. that's very good news for investors that's been one of the worries about this market. while worry has been at least temporarily removed we're up 200. the technology stocks watch them please. they are going up. google is going up. even though there was a negative item on "60 minutes" last night. a is going up. microsoft is going up it is all happening to cover it for you this monday morning. back after this. i'm very proud of the fact

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we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. >> you know all kiengdz of ways to start a monday morning. this is a really goods one. because we've got a nice rally going for you on wall street. we've got about 20 seconds to go, then the bell will ring. then they'll start trading, the applause is already begun as you can see and we're going to be up about 200 points better yet --

for some of us -- , of course, big technology companies, they're going to go up. specifically microsoft, i own a little bit of it. we may get close to 100 dollars share. becken okay 9:30 eastern time it is u9d 30 i repeat up from the get-go look at that 202 points. all of the dow stocks which they're all up. all 30 of they will all green. now how is that for a monday morning ladies and gentlemen? no wonder you're watching. [laughter] when you get positive or any news on trade we check positive news on trade. something of a truce in the dispute with china. and caterpillar is up what 2.5%. how about boeing, the other huge exporter -- that is up 2.5%. good news on trade up go the exporters. how about interest rates? where are we pegging rates right

now? 3.08 pblght. that is the yield on tenure treasury, that's actually down a little from last week. that should be a positive. how about the s&p 500, if the dow is up close 1% about .8%, the s&p up two-thirds of one percent nice gain. how about the nasdaq might be an a even strong haver gain there. yes, it is we're up about three quarts of one percent. 58 points higher, for that. now, big tech where are we starting this monday morning? i see plenty of green i see all green. facebook -- [laughter] it is fun when market is doing well facebook 183amazon 1585 and apple pretty close it a trillion dollar company right there alphabet and microsoft 9724 see that smile. i just quickly coat price of oil for you moving up again and

remember won the election in -- shocker. [laughter] sorry. >> couldn't resist but stock is low form. so still aforementioned ashley webster is here also making her mark elizabeth mcdonalds and eddy and so too eddy because you sit next to me is this the start of a new leg up now that we've got some positive news on trad? >> you know, i believe so and i was on the show last month i told you two dark clouds over the market was trades and interest rates and i did not believe we were with going to go into a trade war and nothing is signed yet but the writing son the wall that we're headings into some type of agreement. wonings we lift the trade war fears, and interest rates 18 i don't think tenure will shoot to 4% overneeght. that the least resistance will be upwards and earnings reports will be rewarded. okay. ash what you got? >> we're so excited all of the trade war is on hold. well it takes some trade

official in beijing to say never see eye to eye and here we are. back to so excited over one comment you need to temper a little bit. it is good we're not at war but not so to say we won't be when it comes to trade. the point is they are talking and expect to keep on talking if you have a trades war you stop talking and start firing that's -- >> a good point continuous is what i'm saying such a big move on one comment. we're up 250 points and we're close to 25,000. that's a developing story stay on it for you. more after the the break. [laughter] right. scott martin come into this please i want to talk it you about interest rate 3.80% on the tenure treasury as much right now. i don't see that as a big negative. do you? >> it's getting there, though, stuart, i mean, i agree with eddy he's right it is trade and interest rates but i'm the not so sure that interest rate picture guys is that clear. if you look at the federal reserve and economic data that they're relying upon we have at least what two more interest

rate hike this is year that's what interest rate curve is predicting an trying to get ahead of as far as trade rs are saying is that rates are going up. to me if rates continue to bubble up here and 3 pnts 89 but that's multiyear highs against a back drop of a stock market that is loved the free money in the help from fed that is slowly going away. to me if that goes ups that's dangerous for the s&p. >> we hear you. scott nailed it. why is the u.s. paying more in ten year treasury yield for yield -- than italy or france and seven krpghts are paying less their bond so -- the government spending fierce eninflation fears. we have a rip roaring economy. that's together. international comangd will keep our tenure rate spiking too high too. we have to remember that too. so -- listen to the man lizzy. not worried about out of control government spending. other thing is fed doesn't want to end and won't height opinion

either. there you go let me point of impact out that dow industrials are high or the day so far. okay we're only five minutes in so we're up 264 points, that's the best part of one, that is one percent. that is a nice rally 24980 you're alfly close to 25,000. let's have a look at ge in general electric nearing deal, it says here to merge their transportation unit seems to me like they're getting rid of the train department that's what they're doing. qow buy g e at 1533? >> i would and i still think -- would or would not. i think there's a lot of concern with ge they're trying to -- tighten up because there's that dividend though they cut it once it's not at that level but peer play. they're talking long-term investor scott martin you come ins a trader i can see plenty of opportunities to trade general electric or for ten

cents share and make some money. >> yeah. you could write this one for a quarter or two stewart because i think market will take this pretty well. this is the vision of ge that has less than a billion dollars or so and fetched evaluation about e 11 billion dollars which is kind of weird. i mean it looks like this is kind of the great dismantling of the blue chip bomb that is ge so expect more things like this coming out of them -- and 25,000 and hit it. just i'm sorry to interrupt you there scott but we just hit 25,000 means away from all time record high. i have to get to 60 minute story big deal last night. they are asserted that google has a monopoly in swron online search back to you scott whole piece on "60 minutes" portrayed google as an evil company. yet the stock is up 18 bucks what's with that? >> yeah. you know, they say evil if i say terribly successful. i mean, we own google we have for a long time we continue to buy it on dips.

i mean, this is one of the situations where the company that goes out and does the greatest things for the american people and consumers that has and does them well and bigger parts of your life they attack it. to me this is a great piece because it shows how well they're doing their business and how much more they're part of our future. >> that's what investors care about -- >> they made an important point that google is in position of making or breaking putting their own offerings higher in search results versus expedia countries have complained to ftc about is. one line was funny they said google knows more about you than your spouse. because of what you're search on and that shows dominance 90% of search -- that shows his dominance. you've got that right are -- [laughter] moving on. elon musk sent a series of tweets to launch new model three here it is. tesla duel motor, that's what the name of the new model three is means there's a motier in the

front and rear one optimized for power one for range. another gimmick, ash? >> so one breaks down you've still got the other and these are two upgrade version was of the model three sedan which they can't get outs on a consistent basis. so all of a sudden we have this bottleneck that had to shutdown production now we're going to -- you know, release two upgraded versions of these maybe they should get out original version first before they upgrade and they look beautiful. they did great. original version was 35,000. this first one is 78,000 and if you -- and then there's another one down from that that will be 40,000. but got an upgrade to it so all wheel drive go to 0 to 60 -- >> eld did i would you touch tesla with a ten foot pole at 1034. too speculative of a play and goldman may need cash to carry on through 2020. 10 billion. a little bit of cash. watch them. now, you don't need to buy something in starbucks if you

want to use the bathroom. okay, they're doing damage control after the philly incident the stock is still at 57 dollars a share does this -- do damage control if they want to use the bathroom as well. because this is going to become a -- a free for all and you know, it's a difficult one for starbucks i understand that. but if you open it to everyone then it backs haven in homeless for everyone else and it could hurt their business. what do you say scott martin they're opening thousands of new stores in china. that make any difference? >> trip ling, that's what's exciting about stock we've owned starbucks but has it gone anywhere for a number of years i think ash is right. starbucks bathrooms are clogged as it is anyway. can you imagine people going in there that aren't buying anything in the store. they need damage control after that occurs. >> lizzy -- >> trump for scott you know what's interesting mcdonald's is beating starbucks in the afternoon when people are are

more price conscience about their coffee. and morning they don't care about the price but in afternoon they do have price in their head and they go to mcdonald's. interesting. we have to get this in president trump prnlly pushed postmaster general to double the rate that charges amazon and other firms to ship packages. and they resisted that they've pushed become and sad you know what despite what you're saying this is a good deal for post office because you take amazon away and they're really hurting now interesting thing is they're under contract. so you can't see the details of this contract. the secret which is interesting too. but if amazon cuts them out entirely which is in process of doing by buying all of these cargo planes by creating hub hads and airport hub hads arntiond country. pretty soon they're going to need post office anyway. >> fair point as on stock by the way is up 14 dollars. this morning -- in overall upside market check that big backward a gain of

almost 300 points. what a day to appear with us eddy -- and scott martin boats of you thank you very much. thank you for having me. okay. as i said we're up nearly 300 points. 25,we're arrive there again about five minutes ago and we're holding 25,010 president trump tweeting -- there could have been a spy or an informant during husband campaign for the presidency. place there by the fbi what did the judge thub that? we'll be back.

at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. >> the dow jones industrial average is up 293 points above 25,000 as we speak 293 to be

precise hellmans you have to tell me about this. mayonnaise and ketchup put together that kraft hines is putting forward in order -- a battle that is going on now heinz may owe that will compete against miracle whip and here's the thing the two companies have about 80 pbts of the market share on mayonnaise but there are other companies coming in package foods areas that are trying to take over the shelf space, and cheaper prices. and package foods and different eating habits, whole environment is changed in they have to be pretty novel here with some new ideas. so that is one of them. back to you. >> thanks very much indeed let's get serious away from mayonnaise here's a presidential tweet her it is reports are -- that was indeed at least one fbi

implanted into my campaign for presidency. it took place very early on. and long before the the phony russia hoax became a hot fake news story all time biggest political scandal. i've been waiting all morning to hear from the judge on this one and he is with us now. [laughter] sir, let me tell you this i don't care what you call it surveillance or spying. or whether it was human intelligence i don't care. i want to know who sent who okayed who authorized the spying of one presidential campaign. that's the if question. >> so we don't know exactly what happened. the professors the person who did this is name was out there been asked not to use the name to various sources authorized it. this professor is a known intelligence asset to the reagan george h.w. bush administration. if the professor was embedded in the campaign it is almost

inconceivable but embedded in campaign was he put there as spy by the fbi and if he was -- that is a search under the fourth amendment and they would need a warrant from a federal judge to do that. and in order to get the warrant not pize is a this regular traditional warrant they would have to show evidence of criminality to justify intruding outsider in the campaign. this this was done by the barack obama and whether he knew about this underlinks knew about this but you have a greatest political scandal of all time. where was barack obama? let me suggest to you who might have been the intermediary in this. who issued a tweet yesterday with ferocious antagonism towards president trump? >> i think it was john brennan former cia guy. directing cia at the time he would be the one who's fingers would be most burned -- if it became known that he was involved in surveillance of the

trump are campaign either directly through the professor indirectly, to a foreign or domestic intelligence agency, and if he was gathering the data, passing it on to west wing which then would decide does hillary need to know this if that seminar row happened big if capital letters if we don't know that yet president is right it is a scandal of monumental proportion. it is inconceive to believe me that brennan clapper or james comey went ahead with spying on the presidential campaign of donald trump without informing the attorney general, loretta lynch or the president of the united states, barack obama. that's inconnable to say nothing it be. hopefully they'll find out about it soon but how do we find out it be? well the president of the united states is done something really unheard of. he's asked to investigate those who have commenced an

investigation against him even though none of them are still in office that was his demand overt weekend. >> to tell you the truth -- stewart when i read it and you're wonderful executive producer and i began e-mailing about it. i read this he wants criminal investigation. not what he got. he got an inspector general investigation and very low level, below radar screen investigation not about whether crimes were committed. but whether department of justice internal regulations were violated now you might say okay that's the beginning of it if he finds there were crimes committed he'll report that to the rest of the doj stewart. you're not going to have an answer until after the midterm election. >> okay, my stands this article by james -- read me the headline because that's a 64,000 question. >> sure is. where in the world was barack obama? >> 64,000 question is who -- dispatched the professor was it law enforcement looking for evidence of crimes?

or was it intel with their insatiable appetite to spy on innocent americans? if president obama had known about it, surely he would have been under an obligation to say knock it off unless he wanted it that information flow coming to him so he could pass electively pass it on to you know who. again so important. we're speaking as james freeman who wrote that -- and this is why we're all speaking in hypothetical we do not know. we know who professor is and we know his background. he has been a serious and major asset to the intelligence community and the united states for 30 years. was he utilized or utilized for unlawful purpose? we'll piepgd out. i think this is a real break through. taking a brand new turn. it certainly ratcheted it has and president tweeted about it this morning. where were you 4:00 in the morning hope you were glued to

the tube. >> i was but you mentioned royal wedding -- [laughter] you'll never be on this show again our producer doesn't like the royal wedding all right doug see you shortly a little bit later. i think we'll see. check that market. you've got to look at this we're up 304 points 29 of the dow 30 on the upside the only loser sr. america down 4 cents. 25,000 -- hillary clinton had a surprise for yale graduates what's that a russian hack. seems to me she's sucking the air out of the democrat tent for any chance of a blue wave during the midterm. that will be just my opinion -- across we'll discuss it after this. [laughter] prudential asked these couples: how much money do you think you'll need in retirement? then we found out how many years that money would last them. how long do you think we'll keep -- oooooohhh! you stopped! you're gonna leave me back here at year 9? how did this happen? it turned out, a lot of people fell short,

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what? where's that coming from? i don't know. i started my 401k early, i diversified... i'm not a big spender. sounds like you're doing a lot. but i still feel like i'm not gonna have enough for retirement. like there's something else i should be doing. with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. >> i mean, if you can't beat them, join them. >> yes. what you just saw was hillary clinton pulling out a russian hat i don't think she put it on during the yale graduation ceremony over the weekend. the author of america in age of trump doug is here today. my point was that hillary seems to be sucking air out of a democrat tent all of the time here. >> we will she's sucking air out with her own issue with the --

funding 13.8 million through the law firm perkin call for now discredited steel dossier once again blast the right allegedly in the name of conciliation but i wish she would get off the stage. >> but she won't. >> apparently not stuart and i think it's left to democrats to either ignore her tell her to go away, or just tell her as i am say tonight, today, go away. forget about it. forget your role in politics. >> is she a negative to the democrat it is in november? >> yes. flat out negative. flat out negative. neutral, negative. >> best she could do is stay off the stage. >> now, i believe it is may 24th i'll check that but someday this week in new york city, hillary clinton is holding a major fund raise are or for the clinton foundation. >> for the clinton foundation that's still going? >> well, yes, and you know -- >> a fund, >> but it has done

important work they've never talked about it because there's so much -- allege ad misuse of money. but candidly if i were advising them which i'm not i would have told them to wait until after the election. >> but they're going to do it on may the 24th new york -- 100,000 dollar for bill clinton. i mean, haven't they learned? >> have you learned? >> i'm here i'm not there. i'm not going to be at the event more likely to be in florida than -- with the clintons that i can assure you. >> i don't you'll ever again woa clinton campaign. no shape or form. >> no desire or intention and chelsea if you're watching i won't be part -- >> boeing and kat leading dow by the way we've got fairly positive news on trade. both of those are trade stocks, so to speak, both of them are up and pose the question again. where in the world was barack obama you have to watch this. my take on that, top of the

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stuart: to quote james freeman in the "wall street journal" today, where in the world was barack obama? good question. what did president obama know about the spy inside the trump campaign? what did then attorney general loretta lynch know about it? are we to believe that james comey, james clapper, john brennan, did they do it off their own bat and never told their political masters anything about it? really? you're supposed to believe that? the bottom line top officials in the obama team spied on a presidential campaign which they feared and did not like. you can call this person a spy or informant, doesn't really matter, because that kind of surveillance is out of bound! the fbi says it was done for national security reasons, defending the country, in which case surely president obama was

briefed on what was going on. it was time he was asked what did you know, and when did you know it? if he was told about it, what did he do? did he tell them to knock it off this, is america, don't do that? or did he say, okay, what did you find out? very few people thought donald trump would win. hillary was supposed to be a shoo-in, and none of this would come out. but trump won and the backstory is coming out. it is really shocking. entrenched obama bureaucrats tried to cover for hillary and destablize the new president. i don't think there is any precedent for the scale of this and it is not over. we are entitled to know who authorized this attack on our democracy. last point this, is breaking down on political lines. but the line is shifting. it is shifting in the president's favor. you don't hear russia, russia, russia. you don't hear much about that these days. you hear watergate. that harkens back to the nixon's

years when the president did spy on political opponents. now we want to know if the same thing happened in 2016 and the question stands. where in the world was barack obama? the second hour of "varney & company" is about to begin. ♪ stuart: i hello you what is coming up later this hour. gene has haspel will be sworn in as the first female direct are to have the cia. the president will be there. could talk about the iran, north korea, whatever he says we'll bring it to you when it happens. this is happening. solid rally for the dow industrials. we were up 300. now we're up 277. we have positive news on trade. we always quote boeing and caterpillar when you have that

kind of thing happening. both of those stocks are up very nicely. general electric, another dow stock up big as well. that company agreed to merge its transportation unit with rail equipment-maker. i think, i don't know whether it's a merger or a purchase. it is $11 billion and ge is up. big tech names. where are we? all of them are up and we have microsoft up a buck 40, nearly 1 1/2%. we like the look of that one, don't we? then you have tesla, one analyst says the stock could hit $500 a share because of profits that tesla theoretically will make from the model 3. the stock is up at 11 bucks at 288. back to my editorial at the top of the hour. i'm wondering what president obama knew about the spy that was inside the trump campaign. former trump campaign deputy director david bossie. i think that is a real breakthrough, that james freeman

article, where in the world was barack obama, i think that brings up things to a whole new level. what say you? >> that is exactly right, stuart. we need to know what the highest levels of our government knew about potentially spying on a candidate for president and his campaign. it is just an outrage because, you know over the last year or so, year-and-a-half, you know we've heard the tinfoil hat theories, conspiracy theories of stuff going on, i quite frankly didn't believe any of it but now you see these facts coming out. you see comey, clapper, brennan and potentially barack obama, the president of the united states, knowing about these issues and what activities were going on, it is an outrage at the highest level. stuart: david, i remember shortly after the election, maybe it was just after the inauguration, president trump tweeted and said, they spied -- i think he used the word wiretapped me. >> yeah. stuart: obama campaign

wiretapped my campaign. he was laughed out of court. he was contradicted, using the wrong language, media laughed at him. turns out it was true! >> this president has been very, very ahead of every one else on this investigation and he calls it like he seize it. that is what drives the left crazy. during the campaign and during his presidency, he is honest and forthright and he uses language that cuts right to the chase so that the american people understand what he is talking about. and i got to, i'm just so troubled by this that, whether it is the hillary clinton campaign that you hear the rumors about, whether it is dossier and these people associated with it, or barack obama's justice department, what was going on? that's why what mark meadows and jim jordan and nunez and others are doing in the house of representatives trying to force out these memos from the department of justice are vital.

it is absolutely imperative that the american people have transparency here and understand what was going on. what was exactly going on during these days and months leading up to the election of donald trump as president. stuart: yes. >> and we must get to that so we understand the underpinnings of this farce of an investigation into so-called russian collusion which of course never happened. stuart: tell us how you really feel, david. okay, let me move on to something else. i have got a bloomberg column suggest voters favor president obama over president trump because of obama's integrity. no, wait a minute. your response to that. >> my response is, this is once again rewriting history. al hunt, who i love dearly, a long-time friend of mine but he is a left-wing ideologue who is somebody trying to rewrite the history books. barack obama, let's go over a

few things because i made some notes. irs investigation. benghazi. the veterans administration where our veterans were dying. uranium one. hillary's private email server. "fast & furious" where our border agents were endangered and killed. barack obama's meeting with attorney general lynch on the tarmac. andrew mccabe's fbi leaking. now we see this on going investigation we're talking about. those are the ethics, that is what al hunt is trying to point to in the bloomberg piece. it is ridiculous on its face. this president has delivered exactly what he says he is going to deliver. if they can't get him with the russian collusion because it didn't happen. now they're trying to turn and pivot to a new issue of the day. stuart: david, let you have a few minutes to recompose yourself. i trust you will be back on our program at some point soon.

david bossie, thank you. >> thanks for having me. stuart: we have a rally going on here, in large part because treasury secretary steve mnuchin says the trade war is on hold. joining us now, first trust advisors brian wesbury. brian you've been bullish on the economy, bullish on the market, very positive. are you optimistic and positive on these trade talks between the u.s. and china? >> i am, stuart. you know when the united states acts and then we force the world to react, basically because we're good, we're looking for lower tariffs, we're looking for peace, we're looking for democracy and freedom, so when we project strength in these areas the world will respond in a positive way and that is exactly what we're seeing. so china is coming to the table and negotiating and looks like they will give in on some tariffs. that puts pressure on north korea. at the same time the deep state is being exposed. i think market likes all of this, plus, we have to remember

that revenues for the s&p 500 were up 8.4% in the first quarter. revenues, that's top line growth. and then profits, even if you exclude the benefits of the tax cut, were up 18.2%. plus you have the economy growing faster, that is all great news for the stock market. stuart: it is a real pleasure to have an optimist and somebody positive on the second hour on a monday morning. we appreciate it. brian wesbury. >> thank you very well. stuart: i'm cutting short, this is about the supreme court around workers and class action claims. what is going on? ashley: is it legal for an employer to tell an employee, sign documents that they are not able to take part in class-action suits against that company but rather use the private system of arbitration. there was a discussion and it went all the way to the supreme court, is it fair for companies to do that. supreme court says yes.

they rule in favor of the employers. because there is a lot of argument -- it's a big deal. it is quicker to go through arbitration and to keep it out of the courts. you could argue this is gives power to the companies when you agree to say no, i'm not getting involved in any class-action suit or individual suit against you. stuart: the big news the supreme court says yes, you're the employer, you can make sure that your employees do not engage and join a class-action suit against you? ashley: you can have that as a requirement, as part of signing on to that company. stuart: arbitration, not class act lawsuits. ashley: correct. stuart: was it 5-4? ashley: doesn't say? stuart: just came across. ashley: we'll get more details. stuart: market likes it. we're up more than 300 points. check this out -- ashley: 5-4. yeah. stuart: thank you, ash. that rocket going towards the space station, took off from

virginia, successful launch. it is carrying three tons of supplies for the crew, spare parts and three small satellites. it arrives at the space station and docks on thursday. american joshua holt, a missionary being held in prison in venezuela. begging for help after a riot at a prison in venezuela. has the trump administration made any moves to get him out? his mom will tell us what is going on with that. gina haspel will be sworn in as the first female director of cia. why is there not more media fan? that is a question. stuart: the royal wedding, i watched it from start to finish. nigel farage was on the ground for all the action. we do give all the action. you're watching "varney & company." ♪ it took guts to start my business.

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stuart: 45 minutes into the trading session on a monday morning, look at that, bright sunshine, 310 points higher for the dow, well above 25,000. quickly check the price of oil. we're at 71.61 as we speak. the price of gasoline keeps on going up. we're at $2.92. that is the new national average. we have nicholas maduro elected to a new term in venezuela. lizzie, what's our response going to be? oil embargo? liz: that would be the remaining step because the administration has done everything short of that. they have sanctioned the vice president. they have sanctioned, more than 50 individuals in maduro's inner circle. so the next step would be an oil embargo. it has already been declared, venezuela has already been declared a national security threat to the u.s. because of

its ties to iran, syria and cuba. that is the next step, blockade the oil. stuart: if we did blockade our oil they utterly collapse? they are close to collapse now. liz: the other player china lent them $60 billion. oil for loan deals. we're we don't know how much china is due and owing from venezuela. stuart: i think they lost their shirt. joshua holt is a in a prison in venezuela. he is making a plea to people back home. watch this. >> i'm going on the people of america, i need your help to get out of this place. i've been begging my government for two years. i'm still here. now my life is threatened. how long do i have to suffer here? how long do my kids have to go on asking for their mother and daddy? stuart: a riot broke out of that prison.

just ahead of venezuela's election. maduro just won it on sunday. joining us now is joshua holt's mother, laurie holt. laurie, president trump got three hostages out of north korea, any sign he could get your son, any moves being made to get your son out of venezuela? >> i have not seen anything from president trump. i know that senator hatch, mia love, the embassy there in venezuela, and the state department are working very hard to try to get him out. this is what they have been telling me, and i just have to trust in that. stuart: okay, now he was a mormon missionary i believe? was that the offense for which he was arrested and imprisoned, being a missionary? >> no. he had been home for five months. met tamara online, and went to ecuador in may. proposed to her in may there, and then, in june, on

june 11th he went to venezuela and they were married on june 16th. he was taken two weeks after that. stuart: so the lady in the picture that we just saw, that is your son's wife, your daughter-in-law as of right now. >> yes. stuart: shortly after they went to venezuela where they were married he was arrested. now, again you have to tell me, what were the charges? what was he arrested for? no so the first time they were doing a sweep into the apartment complex and the first time they came to the door josh and tammy were very afraid because the national guard do these kind of things to people down there, seeing that he was an american, they came in, wanted to know what his business was. showed them all their paperwork. and they left. when 45 minutes had gone by, all of sudden they stormed in through the apartment. they had black bags full of

ammunition, weapons, pineapple grenades. they set them around the apartment, took pictures of them. took all of his belongings, phone, camera, laptop, everything, took pictures of it. took him to jail. five hours, they took about five hours for them to take him to the jail. stuart: good lord. >> they sat outside in a van in a parking lot and sat and threatened him and hit him. shot bullets over the top of the truck that he was sitting in. they then had tammy bring down their marriage certificate to the jail. once she got there, they arrested her as his accomplice and started accusing them of being spies for the united states. stuart: so this is, look, this is clearly a set-up job. your son and his wife are, in my

opinion, they are flat-out hostages. >> yes. stuart: now take me to that prison again. there was a riot in that prison and during that riot that's when your son made that video and head up the sign. that is what happened, right? >> yes. yes,. i was at work. i kept getting short little messages. they're trying to kill me. mom, you have to get help. they're trying to kill me. i am assuming he had somebody else's phone. there were a lot of videos that were sent from different individuals inside the prison. one of them actually sent me a video of tammy and josh still behind the bars in their cell. you could see at the side where the people had sat and pounded into the cement to open up the doorway to get in to kill him.

stuart: good lord. laurie, i have to cut it shot. we thank you very much for being with us. >> thank you. stuart: obviously a trying situation. please come back and see us again. we would like to update this situation. we would like to hear some good news. laurie holt, every one. >> thank you. stuart: thank you very much. ma'am, appreciate it. ashley: very harrowing. stuart: harrowing indeed. coming up, we've been covering the california revolt as we call it and now the president is getting involved, tweeting his support for john cox, in the primary two weeks from tomorrow. cox joins us in our next hour. you're seeing more "varney" after this. ♪ pah! that will never work.

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stuart: well, look at the share price of snap. it is up 3.%, rallying today. an analyst upgraded to neutral. he didn't say buy it. he was saying sell it. now he is saying he is neutral. apparently that is good enough for a 4% gain after a lot of losses on snap. the analyst sees potential in the future. tesla rolling out a new high performance upgraded model 3. they will upgrade it. ashley: they have two new versions of the model 3. one the super, souped-up car. comes in at $78,000. goes 155 miles an hour, all-wheel drive, goes zero to 60 in 3 1/2 seconds. pretty impressive. there is another version slightly cheaper for 40,000. the base model price on the model 3 itself is 35,000. for just a little more you can to to zero to 60 in four 1/2 seconds.

38,000 for extra second of speed according to my calculation. by the way they're announcing a mobile app, you can now, don't have to take your car in for service. they will take care of it all. no paperwork, says elon musk, no fuss. that is kind of part of the service you get. bigger issue is, can you get this model 3 sedan through production on a regular basis? liz: that's a good point. stuart: we have news on mercedes-benz. they're developing electric car to challenge tesla. liz: dropping $600 million on a factory in france to turn out these sweet-looking compact vehicles. they're going after tesla in a big way. gorgeous vehicles mercedes is planning. how tesla should be a little scared, not a lot. last mean fueled cars, that same production line, they're basically changing the underpinning of that car for that factory in that factory to handily take on electric vehicles in that same factory. stuart: okay. liz: so easy shift for mercedes

to move them back. stuart: i like it. two hours into the show, two hours into the trading day, i should say, the market is up 300. we'll be covering it after this. if this is what you think a mercedes-benz

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♪ stuart: you know i forgotten we played beatles at 10:30 every morning eastern time. >> old enough to remember that? stuart: jim rogers is with us, by the way. he is making comments about the beatles. we both remember them. >> i remember them very well. i wrote their songs. stuart: oh. stay there, jim. i have more for you in a second. gina has pell is about to -- haspel is about to be sworn in as head of cia. president is about to speak. don't know what he has to say. if he does, you will know them first, that's a fact. >> >> check the big board.

this is the high of the day. we're up 326 points, well above the 25,000 mark, moving higher. look at that 25,044. big tech names higher and very smartly so. facebook, amazon, apple, microsoft, all of them on the upside. how about sears, extending 15 year credit card relationship with citi. that is apparently good enough for a 2 1/2% gain for sears at $3 a share. treasury secretary mnuchin says the trade war with china is quote, on hold. jim rogers is here, legendary investor. great to see you. you rate. >> no, no. stuart: stop that. >> booyow means no. in chinese. stuart: mandarin or cantonese. >> i don't know. stuart: i'm a cantonese speaker myself. last time you were on the show, you warned a trade war could really upset the whole

applecart. now it appears we got at least a short-term truce. do you approve of that? >> i see the market going up. i know there is short-term truce. i went up to a big conference in april, the president says he is pulling back, doesn't want a trade war. very clear he is pulling back. clear now that the u.s. is pulling back. if we are pulling back we'll have a great time for a while. stuart: i don't believe there is trade war. that means we fire, they fire. >> everything will be okay until the economy gets bad late this year or next year. mr. trump will say, it is your fault. i will hit you. stuart: you think. >> i know. don't you watch fox news? don't you know what mr. trump says every day. stuart: don't you watch fox business? >> i do what i can. i live in asia. stuart: you live in singapore. >> i live in singapore, yes. stuart: you know something about the next subject, president trump tweeting about the china and north korean border. let me read this, china must continue to be strong and tight

on the border of north korea until a deal is made. word is recently the border is much more porous. >> that border has been porous for years. last time i was there was five years ago, they had to build a new bridge because some people have been going back and forth. stuart: you've been to north korea? >> twice. stuart: twice? why. >> i wanted to see if i could invest. the kid is making changes. stuart: the kid, kim jong-un. >> i don't know his name. the. stuart: do you think he will allow people -- >> he will let me in. americans won't let me in. stuart: you're -- kim jong-un. >> where is the government? the government gave me all kind of promises. blah, blah. i'm a citizen of the land of the free. i can not invest in your country. stuart: do you think you ever will invest? >> once it is legal i hope i'm

the first one there. >> what would you buy into? >> they don't have anything. table cloths, soap, electricity, anything you know about they need. stuart: so therefore they should be making a deal with president trump, no matter what that -- >> kid has been trying to make a deal with america for three years. obama cut it back. bureaucrats in washington cut it back -- he wanted to sign a peace treaty, not obama, but his boys, said no. stuart: well the current negotiations are whether they get rid of their nukes or not? is that is all or not. >> do we get rid of our nukes in south korea? stuart: i don't know, jim. >> i can tell you, i can tell you, we're not. that is one reason a deal may falter. you will saw south korea doesn't very in nukes? what? 30,000 american troops in south korea, if something happened that afternoon. the nukes would be there from okinawa. stuart: your opinion is president trump will mess up the deal or be with north korea, is that what you're saying. >> that seems to be only risk.

i hope he doesn't. hope he doesn't. the chinese want it. the north koreans want it. the south koreans want it. the russians want it. the risk is mr. trump or his people will mess it up. stuart: why are you so down on mr. trump? >> i am not down on mr. trump. i want the deal to go through so i can invest in north korea. don't you watch fox news? don't you watch fox business news. you see what he is saying, i'm on it. >> good. hooray, hooray. stuart: does american politics mean anything to you, as investor? you're a very successful guy, does it make any difference to you what is going on with russia, russia, probes of mueller and all the rest? >> it has to. it has to because the america is the most important economy in the worlds a. and i'm american citizen and tack payer. it has to. america is the most important economy. stuart: i think it is going trump's way. i think he is politically winning this. six months ago he wasn't. now he is. >> that is different story.

i should watch fox business. mr. trump is making china great again. everybody now is doing more business with china because we're slapping them in the face and cutting them off. stuart: we're not cutting them off. they have just agreed to buy a ton of agricultural product. >> you don't know about the russian sanctions, iranian sanctions, the chinese, slap, slap. what do you report on fox business? stuart: i do report -- >> if you go to moscow airport it is full of chinese. five years ago if you went to moscow airport you couldn't see the chinese. now they're everywhere. they're all being pushed together by mr. trump and his policies. stuart: you think our policy vis-a-vis china will fail? >> i didn't say that. i didn't say that. stuart: what is the end goal? >> i hope for goodness because america and china could dominate the whole world if we work together. we have the two largest economies in the world. we could do anything we wanted unless we get into a fight and somebody in washington seems to want to fight. not me. i want american-china to boom so

we all can get rich. wouldn't you like to be rich? >> no comment, absolutely no comment. now you live in singapore i think. >> yes, i do. stuart: now the singapore wealth fund, what it is called? >> tamasa. stuart: they have been selling, cut their holdings in goldman sachs, morgan stanley, amazon. do you make anything of this? that is a giant national wealth fund. >> it is. one of the largest sovereign wealth fund in the world. somebody at the firm oh, they have gone up a lot, let's sell. whether they're doing the right thing i don't know. i'm not investing much in the u.s. because u.s. is making all-time highs. stuart, you buy low and sell high. i know pure parents taught you that. so i'm buying japan. i'm buying china. i'm buying asia because those stocks, japanese stock market is down 50% from its all-time high. that's low. the chinese stock market is down 40% from its all-time high. that's low. stuart: most of our viewers don't think in terms putting

their money into the japanese stock market or any other stock market except america. don't you put any money here? >> not at the moment. it is making all-time highs. stuart: you don't have money in america? >> virtually none. stuart, i want to repeat these other markets are down 50%. that is much cheaper than market making all-time highs. stuart: are you in the money on the investments you made in the japanese market and elsewhere in the world? >> yes. having invested over several years ago. my gosh. i am embarrassed how much money in japan. i make mistakes. don't think i don't make mistakes. stuart: what do you do with it all? >> you want to hear about my first wife. made a horrible mistake. oh, my god. serious. talk about my mills takes. my first wife. stuart: you're worth hundreds of millions of dollars. >> i'm not either. i'm a simple person from alabama. stuart: what do you do with your hundreds of millions of dollars? what do you do? >> i have to pay the rent. i have two little girls.

stuart: what do you do? what is your goal? you made a ton of money. you and i are about the same generation. we're late in life. >> you think i'm as old as you? [laughter] stuart: don't go there, son. what do you do with it? >> well i hope that i can leave some for my children. not all for my children. i don't want to spoil them. i told my daughter she had to get a job. why do you have to get a job. she is 14. why do you have to get a job? i thought she would go to mcdonald's making $8 an hour. she is teaching mandarin making $25 an hour. she is a lot smarter than i am. stuart: you speak fluent mandarin? >> i barely speak english. stuart: deprecating investor of the investment world. jim rogers. >> i'm delighted to see you, dad. [laughter] stuart: coming up, here is what we have. president trump demanding whether the department of justice look whether he spied on

his campaign. brit hume, fox news senior political analyst will be with us next hour. first, the royal wedding this weekend. i watched from is that right to finish. nigel farage was on the ground right there for the whole affair. he will give us his reaction and the brits reaction to meghan. ♪ it's time for the semi-annual sale with savings on the new sleep number 360 smart bed. it senses and automatically adjusts on both sides, for effortless comfort. right now during our semi-annual sale, save up to $700 on sleep number 360 smart beds.

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i want to see. ♪ ashley: "wall street journal" opinion writer james freeman asks this question, where in the world was barack obama? in response to claims that his administration spied on the trump presidential campaign. take a listen. >> people have talked about the deep state and how far unelected officials go in exercising their power but i think this is naturally a question for the senior executive. stuart: right. >> are we going to take this really amazing, frightening step of spying on the opposition political party. and i think the question for mr. obama is, when did you learn about it, did you approve it? if you didn't, when you learned about later, how did you respond? did you say, what were you doing? how did this happen?

or did you take it in stride? ♪ mgx minerals' disruptive technology can extract lithium - used for batteries from expired oil wells. mgx's new pilot plant aims to produce lithium-carbonate one hundred times faster than from conventional lithium brine. mgx minerals stuart: moments ago, larry kudlow speaking to reporters. listen in please. >> i don't know if you put in a

timetable. what he is saying is we had some 301 actions proposed. those are suspended at the moment. i agree with that. his point and my point, if you look down the road, tariffs will play a role in any negotiation and enforcement. so i don't think there is any separate is race there. >> china is aware of that? >> of course. this was very carefully negotiated out by mr. mnuchin i might add. so the answer isn't never. the answer is that stuff on the books which is the 301, which was not enacted as you know but was proposed, then they counter proposed that is suspended for the moment. >> what about zte, is that part of the current negotiation or separate? >> you know, it's like part of the landscape but it is actually not a trade issue. that is an enforcement issue. >> it's a sanctions issue. >> yes. >> why are we talking to them at all? >> because they asked. you know, president xi asked. president trump responded. that is good diplomacy. >> isn't zte a national security issue? >> yes, absolutely is a national

security issue. >> why would we let a company that is national security risk back into our markets? >> if anybody thinks that any changes are going to let them off scot-free they are wrong. as i said a couple times yesterday, today, you're talking large fines. huge compliance. change of board. change of -- believe me, we're aware of all that. my sense is, i'm not, secretary ross's decision to recommend to the president, my sense you might be looking perhaps at some changes around the edges but i don't know. i'm just saying we are aware of security issues, sanctions issues, technology issues, et cetera, et cetera. >> are you feeling the pressure to get these trade talks wrapped up before the north korea summit. >> no. no. >> so the u.s. has -- >> no pressure. we're moving along. we have a nice process we developed. >> any update in terms of the decision to extend the steel and aluminum tariffs with regards to nafta and mexico by

june 1st. >> into update at present time. >> is china going to be suspending the retall is it already announced if the u.s. will suspend 301 actions? >> yes. for this period. we haven't defined erred poo. >> the period -- >> i can't give you the definition of what this period means. >> past the midterm elections? >> i can't answer that. >> you just don't know? >> i don't think any deadlines were set. >> i know you don't want to commit to hard numbers in terms how much china agreed to slash you about what about in terms of how much they agreed to purchase when it comes to u.s. agriculture? >> i would, when you say china purchased, it is not a government to government purchased. in other words, they are going to reduce tariffs and non-tariff barriers for private sector transactions. now that's important distinction. you know, i'm not going to give you any numbers but in the ag area in particular they'll will be a huge increase. i have to get going. thank you very much.

appreciate it. >> thank you, guys. stuart: ladies and gentlemen, that was larry kudlow. you just heard him speaking to reporters right there. what he had to say was very conciliatory in terms of trade. he was saying, look, the tariffs, which we had talked about previously on china, they are suspended for the moment. no time frame when they may or may not be imposed. ash? ashley: he did say there is no timetable for the next stage of these negotiations. he made the point you can't remove tariffs as negotiating tool or enforcement tool. they're there but we're kind of taking a step back. he kind of likes the rythym they got into with china the way this is developing. stuart: that really helped the stock market. yes. liz: i'm sorry, look at the stocks in the green right now. talking caterpillar, boeing. also so farm, anything in the farm sector, also anything in the energy sector that we the u.s. would sell to the chinese. the chinese clearly want our technology including

semiconductor chips. stuart: bottom right-hand corner of your screen, not quite the high of the day, certainly up there. dow industrials up 368 points. well above 25,000. actually approaching 25,100. the reason for this big rally this monday morning is less tough talk on trade. the trade war, according to steve mnuchin is on hold. larry kudlow backed that up. come on in please, nigel farage joining us from london. nigel, i want your input of dropping of trade tensions between china and the united states? >> trump is a businessman, he is not a politician. he views everything as a negotiation. if he goes in tough, he goes in hard. he says look, unless we get what we want, this is what will happen. he does that as of an opening pitch. he is happy then to con sill eight. it is typical of trump the businessman and provided he gets concessions for his america

first policy, he's happy and you know what? the markets just love it. stuart: yeah. he is not looking for a slam dunk win on theft of intellectual property or ceding of our technology to chinese companies. he is not looking for a slam dunk win on that. he wants some progress. i guess this is a sign of some progress i guess is the way to put it, nigel. >> it is. he doesn't want america to seem to be a soft touch. he doesn't want america to be walked all over by china or the european union or anybody else. but actually, you know, the way the media have portrayed trump as somehow being this isolationist american president who is against the rest of the world, he's not. he is just looking for a better deal for america and in particular for his voters. you know what? so far this strategy is working remarkably well. stuart: you know, nigel, i was going to talk to but the royal

wedding but i'm afraid trade with china trumps that, so to speak. thanks for being with us. we do appreciate it. >> thank you. stuart: yes, sir. we're a couple minutes away from gina haspel becoming the first female director of the cia. that will happen momentarily. the president is there. he will make some remarks and we're going to hear from him, what he has got to say momentarily. howard kurtz is with us. howie, what do you make of it? the media is not making big deal of gina haspel running cia. why not. >> the media made this a big deal when the democrats wanted to use it as proxy over enhanced interrogation techniques, some people call torture. she was not the policymaker. she helped carry it out. once it became clear that would not work and democrats switched,

she was confirmed it faded as a story. stuart: the bigger story this morning mike pompeo laying down a hard-line on iran, knock it off basically what he is saying. what do you make of that? >> seems to me pompeo is emerging not only as strong secretary of state whether you agree or disagree with his policy on iran, he is a great communicate tore. we hardly ever heard from rex tillerson. hardly ever had news or news conferences. president trump, pompeo, role he played bringing back three prisoners from north korea and iran, is not only making news but influence on policy one other quick point on gina haspel, the republicans were pushing back, how could you possibly oppose the first woman to head the cia? i happen to take a contrarian view. that is die tenty politics democrats -- identity politics, the democrats usually pray. stuart: howard, i have to interrupt. the president of the united states.

[applause] >> thank you very much, and good morning and i want to thank all of you and our distinguished guests joining us today for a ceremony like few will ever have again. this is a very special one. including vice president pence, secretary pompeo, secretary mnuchin, secretary chao, secretary perry, secretary nielsen, director coats, and my nominee for the va secretary who will do a fantastic job, robert wilkie, thank you very much. i want to give a special thank you for being here to chairman and senator richard burr. thank you very much, richard. and a very courageous man. he is courageous. congressman devin nunez. thank you very much, devin for being here. appreciate it. most especially i want to thank you, the dedicated men and women

of the central intelligence agency. it is a true honor to stand here today before the most elite intelligence professionals on the planet earth. nobody even close. you face down our enemies, you protect our families, you stand and watch over our great nation. you don't do it for fame or fortune, or glory. you do it for your country. america is forever grateful. thank you very much. we're here today for the swearing-in of a very special person, your new cia director, someone who has served this agency with extraordinary skill and devotion for 30 years. gina haspel. gina, congratulations, there is no one in this country better qualified for this extraordinary

office than you. by the way, if you don't agree with that please let me know now before it's too late, immediately. [laughter]. we'll do it quickly. you live in the cia. you live the cia. you breathe the cia. and now you will lead the cia. congratulations. [applause] [cheers and applause] okay. that means we're keeping here, right? [laughter]. that is what we were waiting for. they love you. they respect you. they respect you too.

a native of ashland, kentucky, gina's father served in the u.s. air force. she spent much of her childhood overseas from a young age she was instilled with a deep love of our country which combined with a thirst for adventure. that led her to the cia. throughout her storied career at this agency gina has truly done it all. she has completed seven field tours. served as a case officer. recruited assets, run stations, captured terrorists, and disrupted networks that proliferate deadly weapons. they send those weapons all over and you catch them. you're going to get even better now, better than ever before. you're the best, you will be better than ever before and we're getting you the resources to do it. our enemies will take note. gina is tough, she is strong and

when it comes to defending america gina will never, ever, back down. i know her. spent a lot of time with gina. gina played a crucial role in our fight against al qaeda. her first day on the job at the cia's counterterrorism center was september 11th 2001, and she tirelessly hunted terrorists for the next three years. we went to become deputy direct are to have the national clandestine service and recently deputy director of the cia. during her decade of distinguished service gina urged the g h.w. bush award to excellence in counterterrorism and the intelligence medal of merit. more importantly she earned universal respect, admiration and trust of her colleagues here

at cia and throughout the government and all over the world, gina is truly respected. today we mark another proud milestone as gina becomes the first woman ever to lead the cia. [cheers and applause] that's big. now, gina will lead this agency into its next great chapter. gina assumes the role of director at a crucial moment in our history. we are reasserting american strength and american confidence and by the way, america is respected again. you see that?

instead of apologizing, we are standing up for the men and women who protect our nation. we will be counting on you to confront a wide array of threats and usher in a new era of prosperity and of peace. since the cia found in more than 70 years ago, it's courageous operatives have combined craft with modern models for unsound victories in every corner of the globe. i see what you do. i understand what you do. it's incredible. marked on the hallowed walls of this building are the stars honoring the cia fallen heroes who gave their last breath for our nation. though many of their names

remain secret, their stories of service and sacrifice and daring will live for all time. today, we think of them and we honor them by pledging that the patriots of the cia will have the tools, the resources and the support they need to accomplish their incredible, complicated and often times very dangerous mission. the exceptional men and women deserve exceptional leadership and in gina haskell that is exactly what you're getting. director haskell, congratulations again. i know you will thrive as the agencies director and help keep our nation safe and strong and proud and free.

good luck, god bless you, and god bless the men and women of the cia. god bless america. i just want to thank everyone in this room for doing such an incredible job and forgiving gina that unbelievable support that she needed. it took courage for her to say yes in the face a lot of very negative politics than what were supposed to be a negative vote, but i will tell you, when you testified before the committee, it was over. those not much they could say. there was nobody more qualified than you and you are going to do a fantastic job. thank you very much. [applause] so with that, i would like to ask our great vice president

to administer the oath of office. thank you all very much. thank you. [applause] >> please repeat after me. >> i gina haskell solemnly swear that i will support and defend the constitution of the united states against all enemies foreign and elastic, that i will bear true faith and allegiance and that i take this obligation freely, without any mental reservations or purpose of evasion and that i wa will well and faithfully discharge

the duties of the office on which i'm about to enter, so help me god. [applause] >> the audio was a little difficult but there you have it. gina haskell is director of the cia sworn in by vice president mike pence. she is the cia director as of now. the market is rallying very strongly. this is monday morning, more "varney" after this. that was gina haskell being sworn in. got it. two weeks from tomorrow, california holds its primary for governor's race. president trump has taken sides. he backed republican john cox. that is a strategic move. in california the candidates who finish first and second regardless of party faded out in november.

the president. [inaudible] the democrats are divided between the left, the far left of the way out (there is a good chance that john cox will be on the november ballot. it seemed inconceivable just a few months ago, but it's not out of the question now. two issues have blown up in the democrat space. first, the heated gas tax. governor brown raised it last year. californians now have to live with the highest gas prices in the nation. as of today, 78 cents. gallon above the national average. it's four dollars for regular and many gas stations and rising. the democrats, that's a big negative. for republicans it's a bipartisan winning issue.

california think three state law, democrats are hanging their hat on protecting illegals and paying for illegals, criminal illegals included. this venerable. our point of independence and democrats who will across party lines about with the republicans on this issue. this program devoted a great amount of current california. i hope we've had some impact because california should not be allowed to dictate policy to the rest of the country and should not be allowed to defy our constitution. stay with us. john cox will be joining us shortly. this is the third hour of "varney and company". array. you heard my editorial on california so bring in larry elder, voice of reason from

california. i think there's pretty good odds that a republican john cox will finish in the top two in the primary two weeks from tomorrow. what say you? >> i think you're right but i don't know that i would've said that a few months ago but i think you're right. as you pointed out we have what's called the jungle primary which means the first to square off against each other irrespective a party and given the fact that democrats outnumber republicans, a lot of people speculated that the top two finishers would likely be democrat. however, so many democrats are running that they're dividing up the pie. the topic i will probably be gavin newsom and john cox may very well sneak in is number two. that might put him over the top. were talking about gavin newsom versus john cox. >> if i was living in california, especially l.a., i'd be really fired up about

four dollars gasoline and i think that's what you're paying. maybe five bucks if you go for super. is that the overriding dominant issue which could bring independence and democrats into the republican camp? >> i wish i could say yes, but i'm not seeing it. i remember some years the trickling of the gas was what brought a recall election to the former democratic governor and my arnold fort snyder was elected. maybe californians have gotten used to that four-dollar gas. i will talk to john cox on my show today and one of the things he's discussing is the gas tax and the century state law but i'm not seeing the anger. the majority of californians are perfectly okay with it. i don't like the wall, they cannot stand donald trump so i'm not sure wrapping yourself around donald trump is the method of winning but john cox

is apparently going to do that. we will see. >> i will put him to that because he is on the program later this hour. thank you very much. perfect time for your parents today. check out the big board. monday morning you wake up to this. the dow is up 345 points, well above 25028 of the dow 30 on the rows. today fears of a trade war really subsiding. treasury secretary says the trade war is on hold. that really helps the market. , the s&p 500. that's up not as much of the dow. the s&p indicators up .8%. about the nasdaq? i know all the big tech stocks are up in the nasdaq is up .8 as well. interest rates, you have to follow them closely. we are 3.7% on the ten year treasury. that's down from last week.

correction 3.07. last week was 3.11. the price of oil is climbing. ron carson is with us from the carson group. you said oil could hit $90. barrel. you think that can happen? >> i think so. six months ago energy was in the high 40s and then we were saying 90. today we with a 100. our director of research pointed out the fact that energy could go higher than not. we have geopolitical concerns and sanctions being reestablished with a rant, however massive reduction in cap next since 2014 means we could see energy really get out of control over the next couple years. there's a prominent oil hedge

fund manager, but bloomberg article saying we could see $300. barrel but if you think that i possible just remember it was july 08 that we had a hundred $50. barrel and in the farm belt i saw wheat at $20 a bushel and no one thought that could happen either. >> ron, are you talking up your book? you've invested pretty heavily in oil stocks and pipeline stocks. are you talking your book up? >> we are and we have been, we've definitely have a non- consensus view and we definitely have a large commitment to energy and it's one that will probably stick with for some time as long as the picture doesn't change. >> i'm looking, i do actually follow bp, i see it's up again at $47. share. even at that level it's

yielding over 5% as a dividend. you can invest in other oil like exxon for example and you're still getting 4% as the value of the stock rises. is that where your play is? >> i don't think so. the reason they pay huge dividends as they would rather return it to shareholders because i can find a better use of the capital. we like transocean and global energy. it's decimated from its all-time high. these higher energy prices, we think their boys to make quite a run. that's also a non- consensus view. we are a contrarian firm. we look at where were buying companies with the largest margin of safety. the difference of price and value and if you want to save oil exposure, go with the big integrator otherwise take a look at some of these other companie companies. >> do you own shares now or will you soon own shares in

transocean? >> we own both, transocean and noble energy. but i think a lot of people are breathing a sigh of relief about the fact that it looks like the trade war with china has been averted. we have nafta on the horizon, that will be tricky because we been crammed down with timelines of things i shouldn't handle some time ago. we're presidential elections in mexico and that will be the next hot lightning potential for market either up or down depending on how nafta plays out. >> thank you for joining us but we will see you soon. take a look at this. dozens of wishers reading george h w bush as he arrived in maine. he was hospitalized last month in houston for a blood infection. present trump is demanding they investigate the informant inside his campaign.

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present trump in a tweet demanding a probe of the fbi. we also have, on a somewhat similar front, and editorial from james freeman in the wall street journal. where in the world is barack obama, significant developments here. , the gist of this article by james freeman it's difficult to believe that one campaign was surveilled. >> it makes sense to me.

we are at a stage where what has come into focus is the spirit the question of whether the counterintelligence investigation by the fbi that started all this back in 2016 and the subsequent special counsel investigation, whether either of them were properly undertaken. they were doing an investigation that involves informants in a residential party campaign. that's a troubling question. then there comes the question of whether the grant of authority to the special counsel robert muller was sufficient under justice department regulations. we've never fully known, we get a lot of bag answers about that. there was an original memo that did not specify crime which is a peculiar way to start an investigation without

noting which crime is investigated. we investigate crimes, not people. there are a lot of questions now and they're coming into sharper focus as a result of these recent regulations. >> do you think this is a breakthrough? this article names barack obama. that seems to be a break through. >> it raises the intriguing question of whether from the highest levels of the obama administration if there was political motivation for instituting these probes. we don't know the answer yet. when there's hard evidence of that maybe we can call that a breakthrough. i wouldn't call the mere mention of his name in an article, although it's a reasonable question to ask, a breakthrough. >> we have a cbs poll that says 68% of respondents credit present trump for this good economy. that's a breakthrough, isn't it? a couple months ago they were not crediting president trump with the credit for the economy. the performance of the economy seems to have penetrated the

media which is universally hostile to the president. >> it certainly penetrated the people who answered that paul which is a telling call in the sense that may translate subsequently into a higher general approval rating for the performance. that is almost always a critical factor in the outcome of midterm elections. the president and his party are facing heavy odds in terms of the history and the clinical gravity of the president's first midterm. anything that adds to his credibility as a president and his job approval rating will automatically help republican candidates around the country. that poll numbers quite striking. >> i am a supporter of the presidents growth policy. his growth agenda. perhaps this is wishful thinking. i think, i seem to believe that the political tide is turning. the president is seein seen in an increasingly positive

light. >> there is evidence of that in the ballot question, the one where you ask voters, without naming any names, would you prefer the support of a republican or democrat candidate and that number tends to be bad for republicans particularly when are taken this early. they been way underwater but that gap is closing significantly now it's down to single digits and low single digits in some polls. that's a indication you're onto something. the president's approval rating was still underwater has picked up in recent times in this number you cited in the cbs goal is likely to feed into it. there's evidence that the tide may be turning in favor of the republicans despite all of the history and gravity that any white house party faces in the midterm. >> forgive me too as for asking, are you enjoying your semi retirement. >> yes but i'm too old to do

it and i stay engaged and there are things that i cannot take my eyes off. >> flattery is the mother's milk of television. you're welcome back anytime. [laughter] that's a totally different story. look at this. this is shakeel o'neil supersize mansion up for sale outside orlando. twelve bedrooms, full-sized asphalt court with teachers. movie theater, two grudges that can fit 17 cars, tropical oasis, 95-foot long swimming pool, water pool, swim up bar, the price you may ask, $28 million. got it. the owner of a popular northeast grocery chain started his own health care program for employees. he says his work is saving a ton of money because of it. i want to know exactly what he's up too. in a moment.

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not the other way around. the nasa astronaut wanted to record his six and a half hour spacewalk at the space station, but he forgot his st card he needed to go pro camera. he left it on earth. you can hear him asking houston for help on how to record the journey. it was an embarrassing moment

caught on a spacewalk live stream. a cargo ship with more than 3 tons of supply was launched from virginia's coast and is going to the international space station. that cargo ship will provide the crew with materials to test a new technique for separating liquids. that's a first for nasa. >> may be an st card on the two. these two brothers on your screen momentarily are on a journey to visit all 30 major-league baseball stadiums in 30 days. steven dave hart traveling across the country watching a full game at each ballpark. his 18000 miles, that's the journey and the traveling in an electric car. they've completed 14 stops thus far. president trump giving a big endorsement california's gubernatorial candidate. the republican john cox joins us later this hour. i want to know if trump's endorsement will really help them get into the top two on primary day. that's coming up. the big ruling from the

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all right. we are two hours into the training session. look at that. i call that a rally. up 280 points just shy of 25000. almost all of the dow 30, 27 on the upside. there's news about a trade war with china on holds is a treasury secretary. our next guest, a celebrity in my mind, he's the owner of the new york area supermarket chain and he started health care program for his employees which he says is saving millions of dollars. the man in question is do leonard. in the northeast you'll know his store, he was the first grocery store that i went into when i first arrived in america. thanks for having me. [laughter] let's get right at it. you have a program of

preventative care for your employees. give me an example of what, how to prevent, what you doing. >> we are in the food business and people shop for food. how much are lobsters, filet mignon, people we found in the way healthcare cost. for instance, if you have to go get a colonoscopy, $2800 you would have to pay, most people don't even know how much it cost. you can go get the same thing by sometimes the same doctors for $1500. >> so you're telling your employees, did you give them a bonus. >> we show them how to save money and we also show them the other places they can go. like yelp and trip advisor, we give them ratings from other people who have went to these clinics. so they are able to say they are savings us thousands of dollars and we communicated to

everybod everybody. >> i believe you're also telling them, please go to a clinic rather than immediately go to the emergency room, cracked. >> the emergency room as a thousand dollars. i just heard an example where one of our team members have their child who had redeye and they went to an urgent care clinic and they actually, the doctor asked for a photo picture to send over. they prescribed a drug since they were ready registered in the people didn't even have to leave home with their child. their mother went got the prescription, came back and was only $45. >> did you give them a bonus. >> yes. >> you did. may i ask what was the bonus? >> about a hundred dollars. >> so they made a hundred dollars plus save a lot of time. >> do you go to preventive medicine like a nutritionist or a chiropractor or something like that. >> we do a lot of that in-house. i have a fitbit on right now in the tracking my steps. there watching me. i have to set the example because it does come from the top.

>> you said you were saving your employees and you millions of dollars. is that accurate. >> over the years. we were, for ten years in a row we were one of the fortune 100 best companies to work for. then what we decided to focus on healthcare and now is back about six years ago, we have saved millions since then. the average trend over the past five years is a little under 7% increase in healthcare. we partnered with cigna which has been a big help to us, our increase has been a little under 1%. >> forgive me, before we close, i have to tell you, i arrived in america the first time around in early january, i think 1973. i was taken immediately to westport connecticut. i thought all of america was like westport. >> was in th store for memorial day. come in and i'll hook you up.

we have a filet mignon burger. >> my first morning in america i was taken to stew leonard spread your dad's place at the time and i thought i've never seen anything like this in my life. they've got big wide aisles and you've got an animal petting zoo in the parking lot. >> we have some little two -month-old caps off there are those after this morning but i told my dad had to come over and see it. you run a fine business. it's really great to have you on the show. i like your ideas of preventive care. >> you know the best thing is, we are taking care of our people and it's preventative, but were teaching the younger people how to take care of ourselves. what we hope is people will prevent heart attacks and diabetes in the be able to get a jump on a lot of these things in the future. >> stew leonard, who would've thought. >> i would say my name stuart, is spelled better than yours.

>> i have the royal spelling. [laughter] >> but your announced. [laughter] >> thank you. all right. i've got to report what i think the judge will agree, i think this is a big victory for business. the supreme court has ruled that employers can enforce arbitration agreements which bar employees from taking part in class action suits. get the lawyers output arbitration. i see that's a win, what say you. >> it's a profound victory for big business. i doubt this happens with mr. leonard. it usually happens in corporations that employ tens of thousands of people. as a condition of employment you sign an agreement that any dispute you have with your employer will be resolved by arbitration. you and the employer. so a lot of plaintiffs

lawyers, your favorite class of people went around and found many, many employees had very small disputes, worked less than $10000 each, very small given employers, sign them all up and brought one big case against these employers rather than each of these individuals. >> and the lawyers get the money and the employees get a discount coupon. >> next to nothing. the supreme court is not making a policy choice here. it's merely enforcing a fed federal statute which says arbitration agreements are to be enforced as written. the defense says these people don't know what they were signing. they wanted their jobs and they just signed a general agreement and there was the arbitration agreement and it should be enforced against the employer rather than against the individual, but they lost. >> i think it's a wonderful victory. >> it will probably bring prices down in the long run because it will decrease litigation and make disputes

more resolvable more efficiently. >> it will stop those highway robbery lawyers from walking away with their money. >> you can put a hurdle in front of them and i'll be happy. >> in the goal somewhere else. >> they can go to britain. in inflict your pain on them. i've got more serious stuff for you. 60 minutes, the show, did you see last night. >> i did not but i know what it's about and i know what you're going to ask me. >> okay let me read the script. they say google has a monopoly when it comes to online search and they are really making out google to be a nasty piece of work, an evil empire. that's what they were saying. >> i don't think the antitrust division of the justice department needs 60 minutes to tell it how big google is. however, even i who monitor the stuff was startled to learn that north of 90% of

searches are on google. by definition that is a monopoly. the question is will the government do anything about it. it's so wonderful and efficient will breaking it up make it more efficient? >> if you want to define who are women truck drivers who live in kentucky and drink bourbon and are divorced or whatever. >> and once visited an irish pub. >> you go to google and will tell you what is. could anybody be as efficient. virtually any book published in the western world, there's the page right there. >> but the question was, google is watching us. who's watching google. >> why do they keep those web search results for two years. >> for advertising.

>> but they sell to somebody the nature of what they think you will want to buy based on an algorithm into which is put the searches you've done. it's brilliant. >> is it right? >> do you own stock. >> all right. >> yes it is right. judge we are out of time. >> i've been listening to his voice on newsradio 88. hundred years. >> we all have. hold on, i've got to get to the next one. jet fuel prices are way up. they've risen 60% in the last year. that's jet fuel. there at chicago o'hare. jeff, how are airlines responding to a rising cost like that? >> the 60% is tremendous and it's much more than gasoline prices. the reason for that is shale, whit while great is light and does not yield as much as

diesel and jet fuel. that's the reason those prices are so much higher. what will happen as a result mark i think the number one thing you can guess is an increase in airline fares. american ceo doug parker is then yes we have to raise fares. this is the new normal in terms of fuel prices. also, delta and american eliminating free checked bags when you fly overseas. that used to be the one thing you could get overseas. they're also talking about cutting roots, less profitable roots, delta and america also saying they might do that for the last one, my least favorite fewer bathrooms so they can get more seats on the flight. that is not good news. >> are they determined. >> very funny, not good news for people our age. i caught that. all right. your times up. you had your 15 seconds of fame and now you're done. that was a very good report. it's important stuff.

no free checked baggage on overseas and fewer bathrooms. terrible stuff. the royal family releasing official wedding photos today. nearly 30 million americans tuned in to watch prince harry and meghan marco get married. that's an increase of about 7 million from prince william and kate middleton in 2011. who would of thought. >> would be shaft firing back at president trump and she said she didn't obstruct justice when she warned the residents about an impending ice raid. next, california gubernatorial candidate john cox just got president johnson endorsement. he's got a lot to say about this. ♪ ♪ ♪ ♪ ♪ ♪ ♪ your company is constantly evolving. and the decisions you make have far reaching implications.

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our next guest received a big endorsement from president trump ears the tweet. he said california finally deserves a great governor, one who understands borders, crime and lowering taxes. john cox is the man he will be the best governor you've ever had. i fully endorse john cox for governor and look forward to working with him to make california great again. well, he is with us. the public and gubernatorial candidate, john, do you think that an endorsement like that from the president works in your favor in a state where he is not popular? >> absolutely. ask for having me on. the reason is, what you said earlier in your segment, the president is getting results in the people are starting to really pay attention. the opposite is true in california and that is the people are noticing that the president is doing well but they're also noticing that the democrats and gavin newsom in sacramento are destroying the opportunity for a decent life in california.

people can't afford a house, they can afford gasoline, they can't afford electricity, the roads are a mess, the school is a mess and they want results just like president trump has delivered for the whole nation. the people in california are really clamoring for those kinds of results and they want to business approach just like the president is using bmac is gas, because governor brown, democrat, imposed a higher gas tax and now you're paying 80 cents more. gallon than the rest of the nation. it's four dollars in l.a. is that your big deal? is that a big issue that goes across the aisle and bring support to you for maybe some democrats. >> absolutely. i'm the leader of the gas tax repeal effort and the people of the state have to move farther and farther away from their works to be able to afford a house, and then they hit them with this gas tax which is you said is driving

gasoline into the stratosphere. it's going to be five dollars. gallon before people know it. that is really a regressive tax. it's crippling working people who, let's face it, are really having to struggle the way it is now with the way the democrats and the special interest in sacramento keep hounding them into poverty. the state has 20% of its people in poverty. that's the most in the nation. this is the golden state. surrender. >> a way to look at the headline from libby schaff, this is in the washington post, it's from an article written by the mayor of oakland. no, mr. president, i am not obstructing justice. the president, he wanted the justice department to investigate her for warning illegals of ice raid. what do you think is libby schaff standing throughout california taking a stand like that? >> i read that article. my only thought was if she is shoveling a lot of horse

manure under the issue because she's talking about we need to give opportunity to people and all this thing when really, what they were talking about those raids were going after criminals. they were going after ms 13 members. they were going after people that threaten people. now let me tell you, i don't believe that all people here are committing crimes, but even if it's a small number, that threatens the safety and security of the people of the state as well as the people of the city of oakland which is still seeing quite a bit a crime. the opportunity that she's talking about has been totally limited by the actions of her party in sacramento which has driven up the cost of living, made small business of most impossible to start, and they need to take responsibility for those actions. that article was all about diffusing the issue and making

it seemed like it was just pulling grandmothers out of their homes. that raid the ice was doing in oakland was all about going after criminals and the first and i'm going to do is get rid of that sanctuary state policy. >> john cox, thank you very much for joining us. we appreciate it and we look forward to those primary results two weeks from tomorrow. thank you. >> we did reach out to the main republican opponent, travis allen, asking him to appear. we hope to get him to respond at some point later this week. you can now use your smart phone to work this coca-cola soda machine. it lets you use bluetooth to prepare your soda exactly the way you want it. for example you can mix diet coke with diet sprite or add vanilla and your phone will be able to remember your preference the next time you order a soda. we thought you want to know. next case.

[laughter] >> you should hear the producers are sang to me about that one for the young man on your screen, he is living proof that apprenticeships pay off. he used an apprenticeship to become an electrician. now he's got his own business. he's on the show, next

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>> i'm going to bring you a young man who is now an entrepreneur who just started out in and apprenticeship to learn a trade and he now owns his own business. christian, welcome to the program. >> thank you for having me. >> you took your apprenticeship in 2015 when you are earning $15.50. hour. take me through it. what did you learn? >> i learned a lot of different things in the trade. i started off as an apprentice making about $15. hour. i was in the program for about four years and the school of

builders and contractors actually get you linked up with the company. my company was aj kirkwood and associates and they took me in as an apprentice and i learned various things and got electrical expense. from there i graduated after four years. i got my state certification and i open up my own company after that. >> so you are now the president of your own electrical company. i take it you're making more than $15. hour. >> oh yes. honestly i ventured off on my own to open up my own company because i thought that was the next best move to do. after going through the abc, it's an earn while you learn program and honestly that enticed me too go into that program. i was actually trying to get into the electrical field for quite some time. i signed up for the union and

they told me it was about a two year waiting list. with abc, they had me working within three months from when i first walked into the door and signed up. >> on this program we celebrate success. that's why you're on. you're obviously a success. we all want to offer you congratulations on graduating from an apprenticeship program to becoming the president of your own company. user are living the american dream just like me. christian, thanks for joining us. you will be back. if your not careful, you'll be back. >> thank you very much. >> a good young man. more "varney" after this. ♪ ♪ ♪ ♪ ♪ oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long?

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stuart: i must say it has been a great way to start a show, a financial show on a monday morning because just a couple seconds out of the blocks when we started the day's trading at

9:30 we were up well over 300 points. positive news on trade spurred investors to buy stuff. we were up 330 at one stage. we have come back a bit. now we're up 270. still a solid rally. neil, it's yours. neil: indeed it is, stuart. let's look at that rally as stuart pointed out the buoyed by optimism that the trade war is off. there are conciliatory gestures made on china's part, our start, the stocks tend to do well when that is the case, most of the dow 30 stocks. particularly caterpillar and boeing, they are the big winners in this. their fortunes tend to follow the fate where we think trade will go with the chinese. they are most adversely impacted obviously markets would not think that is the case. gold needs a flight to quality or