steel city that is job growth has been slower overall since the tariffs were introduced than the overall growth in the united states in terms of jobs. >> i said last night, you heard it here from dagen. [laughter] maria: thanks, everybody, varney & company begins right now, stu, take it away. stuart: i shall, indeed. good morning, maria, good morning, everyone, we have a selloff, interest rates way down, oil is down, you might think those are positives, look at that. at the opening bell looks like we will have a significant drop for the dow, s&p and for the nasdaq. now, we can't put our finger on any one reason, the north korea summit may be in jeopardy, that's what the president suggested, stalemating the china talks, real concern that a new italian government will create havoc within the euro zone, you can jumble those up and come up as reasons, i think we have what some call as headline risk. computers read a negative in news reports and the order goes

out, sell that thing. i think that's what's happening. we will check with the experts to give you the real reasons. here is a headline. the president goes on the attack on the issue of spying, two aggressive tweets last night and another one this morning. here is that one, spygate, biggest one of political scandals in history, he's referring to the informant, informant placed inside his presidential campaign, my how times changed. i do have what i think is real good news, the right to try bill passed, it's now the law, if you're dying and all else have failed, you will be allowed to try unproven, experimental, nonapproved fda drugs. i call that a win. varney & company is about to

begin. ♪ >> varney & company one year at number one. he's beating cnbc week after week after week. stuart: that's something of a theme on the program. >> varney & company dominating the competition right here on fox business. [cheers and applause] >> fun to be part of winning team. ashley: i want to thank everyone who helped me along the way. [laughter] >> where is champagne? stuart: triple-digit loss coming from the dow industrials, let's see who liz peek who is a columnist on foxnews.com and a frequent guest and valued guest

on the successful program. liz peek, give us your wisdom? >> i love it. you have head rein risk, traders have fastened onto trade negotiations as good news-bad news event and most recentlied y bad news, assertive claims against china and congress weighing in on what to do about zte and this is going to be long-month undertaking to really level the playing feel with china. most americans are on board with it. i think it's a completely worthwhile activity for the president. i don't think it's going impact the economy. all of the economic indicators are incredibly strong including the most important politically and economically is americans are wildly optimistic about the job market, about the economy moving forward, about their own situation. so, you know, let the traders have their fun, the truth is the economy is on a roll. the only thing i think that's a slight overhang is that we have

heard from a number of companies that wages will have to start paying workers more. you are going to see uptick in cost and inflation. stuart: higher wages, real negative. >> i know it's a positive. [laughter] stuart: plus for mr. trump but not for investors. hold still, lizzie, tiffany, it will hit all-time high this morning, strong sales growth. premarket, up 15 bucks. what else you have? >> high-end sales are up 15% in the last fiscal quarter. same-store sales 15%. stuart: a bit late. ashley: anyway. sense of humor in the building. bottom line is what's interesting is we talk about the retail ice age, the only area in retail that has gone well upscale scores and upscale malls, all the other malls moving on, i know, tiffany is an

example of up-scale retailer that continues to do very well. and they raised their four-year guidance, it's off to the races. stuart: get on with it. [laughter] stuart: target, premarket is down 5%. what's the problem, liz. liz: slow in sales, not so great foot traffic, you know, they have been stuck for about 5 months. it's working to change its inventory to attract younger shoppers with new clothing items, so is this indication of consumer spending appetite, no, it's just about, you know, target remixing its business model on the floor. ashley: best of times, the worst of times for target. stuart: what was the dickens reference? >> i said working like the dickens. stuart: i think you have been practicing. liz: no i have not.

stuart: move on. politics, president trump tweeting this morning, here we go. spygate could be one of the biggest political scandals in history and tweeted this out too, look how things have turned around, they go after phoney collusion with russia and end up getting caught in major spy scandal the likes the country has never seen before. what goes around comes around. senator john kennedy, republican from louisiana. the president is coming out swinging, mr. senator, do you approve of that? >> well, he's entitled to. i mean, everybody else is coming out swinging at him. he's entitled to swing back. stuart: has he got a point? do you think there was -- would you -- >> i'm sorry, i lost your audio. stuart: can you hear me? >> stuart, i can't hear you, man. stuart: we will hold on with the senator for a moment. >> here i am. i got you back.

stuart: would you use the word spy to -- as an informant inside the trump campaign? are you okay with the spy word? >> i don't mind that he used -- the president is very frank. he says what's on his mind. i try to do the same thing. he has his own style and all he's done is do whatever every other american has a right to do, he's contacted the fbi and said i want you to conduct an investigation, somebody from justice or the fbi was asking a lot of questions in the middle of my campaign and i as a citizen and as president would like to know what's going on. now, i have the right to ask for any investigation i want, you have the right to ask for an investigation. the people who tried to report the behavior of the shooter in parkland in florida had the right to ask for investigation and it's up to the fbi and the

justice department to decide whether to do an investigation and what to investigate. stuart: mr. senator, my question was, do you approve, i know he has the right to say what -- >> i would not have used the word spy, but that's just me. i'm not going to tell the president what words he can use and what he can't. i've got trouble paddling -- enough trouble paddling my own canoe. stuart: do you approve of this more aggressive approach the president is taking? >> i think he's certainly entitled to do it. i don't know what i would do under the circumstances. i believe -- i believe i would fight back. and the president -- i mean, i know he's been criticized, stuart, for sticking up for himself, but he is entitled to. every american is entitled to. now, is it always prudent, does it frustrate his lawyers, i'm sure it does. and -- and i've suggested before

to the president that, you know, tweeting a little less wouldn't cause brain damage but he likes to tweet. and that's -- and that's his prerogative as an american. stuart: sir, you are the master of one-liners, you are a sound bite machine. sir, can you handle this one for us briefly? tell us about the bill that you've authored aimed at draining the swamp, give me one-liner? >> it's going to inform senators and congressmen if they have been meeting with somebody who has been convicted of trying to bribe a congressman. all it's going to do amend the lobbying disclosure act that say ifs you've been convicted of fraud or bribery or kickbacks, you have to disclose it. i was shocked to learn that when you register as lobbyist you don't have to disclose whether you've ever been convict offed fraud, for example and it's not -- this bill is not going to

bring peace to our time but i think it fill it is gap that needs to be filled. stuart: okay, senator kennedy always a pleasure. >> thanks, man. stuart: yes, sir, thank you. president trump will be travel to go long island, new york, he's confronting ms-13, the gang, by the way he has repeated animal comments, but first, we have -- okay, more varney after this. there's nothing small about your business. with dell small business technology advisors you get the one-on-one partnership you need to grow your business. the dell vostro 15 laptop. contact a dell advisor today.

stuart: when the stock market will be going down a couple hundred points at the opening bell, what about gold, virtually no change. we are up 1.90 per ounce at 12.93. now this, a trailer filled with illegal immigrants was stopped in texas, what's this all about? liz: less than 50 miles north of the border with texas and méxico, 92 illegals in this tractor trailer.

stuart: 92? liz: 92. here is the issue, an area of the country where there's a lot of trade, a lot of trucks delivering goods back and forth over the border, so these -- these individuals, driver and passenger now in custody, this is a frequent problem in this area of the country, they are taking people who are doing illegally taking advantage of the trade routes masking this, looking like it's goods carried across, 92 illegals inside, many of them suffering from dehydration. stuart: death trap. liz: remember last july, 10 illegals died from dehydration from san antonio parking lot of wal-mart. issue for local authorities. stuart: it's an issue about the border wall and issue about immigration and we are staying on that theme, later on today, president trump is going to travel to long island new york, going to the heartland of ms-13, the gang, pete hegseth is with us, "fox & friends first" cohost. seems to me that the democrats

are hanging the hats on illegals and actually protecting gang members bearing in mind what they have been saying recently, it's a lousy election strategy? >> of course, inevitable place of where they go. well, there's electoral reason for it, for the immigration issue, but they're a party that's decided that citizenship doesn't matter anymore, that whether or not you're here legally or not does not matter anymore. not only do they want border wall, they don't want border wall on welfare state either, they want to be a part of the system that gives to them whether they invest or not. by the way, the president should use the word animal, spot on for ms-13 gang members. i legislationals coming to the truck, they are not animals, whoever put them in the truck are animals. thugs who are animals and let the democrats pretend that they

want to take a different approach on ms-13, huge problem and he's finally taking it on. stuart: president trump stressed the humanity of ms-13 members, he can't call any human being animals, no, you've got to recognize the humanity of all people. >> i looked it up, one of the definition, a person's behavior who is des-- disregarded as repulsive. stuart: case close. , you're a military guy and there are report that is the pentagon, running out of bombs, what's going on? >> you don't think of ammunition, i think about my basic load and how much i carried, if you are running drones, b-52, part of air force, you have to think about how many laser ammunition guns you have, it's aging and big and outdated and procurement process takes

way too long and way overbudget. stuart: we have given them a whole bunch of extra money, like $60 billion extra to the military. >> the pentagon will always emphasize, it's good money now, it'll take 2, 3, 4, 5, 6 years because we haven't plan well, we haven't thought ahead of what's that ammunition we will need in next battlefield. it's a real problem and the pentagon is aware of it. stuart: hegseth, we are glad to see you in civilian life. >> for a while. [laughter] >> they can always call me back in. stuart: of course. >> still in reserve. stuart: were you an officer? >> i was, i'm currently a major. stuart: can i refer to you as major hegseth? >> can you if you like? you can do whatever you want.

that would make you my commander. stuart: hegseth, you're all right. thank you, sir. the president of france, emmanuel macron meeting with several leaders of america's big tech companies, among those leaders, leader of microsoft, facebook, ibm, what does mr. macron want? i tell you, more tech start-ups in europe and more investors for those start-ups in europe. now this, amazon, civil rights' lawyers say back off, don't sell your facial recognition software to the police. we will explain it. digging into the paint. two bulls were fighting, hit the truck.

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stuart: tweet from the president just came at us. here it is, they'll be big news coming soon for our great american auto workers after many decades of losing your jobs to other countries, you have waited long enough. that just came in 2 minutes ago. fresh out of the box. weaker sales are but upbeat forecast from the home improvement retailer, that would be lowes. they expect demand to recover. the stock up 5 and a half percent. president with france meeting with big american technologies, american technology companies i should say. ashley: ceo's, facebook, microsoft, intel, ibm, uber even

is in there. why they were going to meet mr. macron, he's youngers leader in europe and he's the youngers president ever in france's history, he wants to get tapped into the resources, he wants them to invest in his country. he also, though, is wanting them to protect more workers rights, we get into the french issues here, privacy, investing in tech literacy and so on, he will meet with zuckerberg one-on-one and he is going to say, what are you doing, what's interesting is this is one from macron's aides u we have to treat countries like foreign country, be tough when you need but don't declare war on them which i find interesting. stuart: good one. aclu says amazon factual recognition technology is being used for government surveillance, explain, please. liz: aclu and 40 consumer civil rights groups are sating, wait a second, this product coming out of amazon is being used by police departments to do surveillance in department

stores, in airports, in public stadiums and can be abecaused by bad guys in police departments, so they are worried about protestors, black lives matters, everybody is fair game. here is how sophisticated this is, wait for this. they can identify and track people in real-time, in other words, you, sir, varney, walk by billboard and there's advertisement for mcdonalds coffee, discount would be 50 cents and not a buck off, you know, based on demographics. so that's how sophisticated it is. stuart: the build board would change as i walk by? liz: that's how sophisticated this stuff is getting. ashley: somebody in the studio pointed out was in the movie minority report, so the future is now. liz: it's coming out of the cloud at amazon. stuart: we do have time for this one and i'm intrigued, las vegas casino workers maybe going on strike for the first time in decades. they've authorized a strike, put it like that, what do they want?

liz: they want jobs protected. technology is booting them out of their jobs. you can get a margarita delivered by drone. you can do self-checking at kiosks. they are worried about jobs and technology is shoving them aside. ashley: what are casinos not supposed to do, not go forward with technology? >> isn't this part of basically keep raising wages and guess what, you will lose your job. stuart: something breaking as we speak, headline coming in from secretary of state mike pompeo in prepared remarks to congress, he will say the u.s. will, quote, respectfully walk away from north korea talks without right agreement. another one, bad deal is not an option. okay. that's what he's going say, he's appearing before congress this morning. i think he may be there already. that's what he is saying. okay, that's not affected the

market. we are still down 150, 160 points, we will take you to wall street after this. ♪ with expedia you could book a flight, hotel, car and activity all in one place. ♪

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my secret visitors. hallucinations and delusions. the unknown parts of living with parkinson's. what plots they unfold, but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. if your loved one is experiencing these symptoms, talk to your parkinson's specialist. there are treatment options that can help. my visitors should be the ones i want to see. well yesterday the dow industrials closed down 178 points. looks like we're going to open

this morning with another loss of and see what happens in ten seconds stopping the trading this wednesday morning. i should add that interest rates are down this morning. and the stock market will be down as our boom now, hits 9:30 wednesday morning we're off, running down 78, 83, 90, 94 -- okay if you ready your listeners i'm caughting out numbers as i see them on big board here we're down roughly 100 points just under 100 points in the very early goirng and whole lot of red amongst dow 30 as of right now 25, 24 of the dow 30 are on the downside. and just lost 100 points. that's it so far. how about -- don't shrug -- [laughter] all right the s&p 500 yeah know down 123 i spoke too soon all right so s&p is down about a half percentage point and it's down and nasdaq composite with all of the tech stock also down a half percentage point or

lower. look at the ten year treasury yield late last week it was 311 come down in terms of the yield. 302 right now. how about apple openedded up this morning couple of news items there not much movement in the stock 186 is your quote. facebook, zuckerberg grilled yesterday he goes to meet the president of france today facebook is down a buck 30 at 182. how about the rest the big tech names, look they're all down. facebook amy dison, apple alphabet microsoft every one of them on downside and sharply so too. the price of oil -- pretty close to 72 dollars a barrel this morning. 7189 to be precise. all right whotion who's with me ashley and shah gilani and why is the market down this morning? >> i think it's on the heels of yesterday geopolitical drivers

and apprehension whether we have any deem or meeting over north korea and apprehension about tariff deal with china market was on on inport auto and push become on that and a maybe that wasn't a very good deal so market is hanging on. hanging on whether italian government will be populous so economy is doing great. the market is pretty firm. market made a great recovery and impressed with what's it has done on on positive side again. up to there. and dow i think if it gets back to 25,000 it is time to get back in and pretty much full on. >> save the news until late in his reported there. shah gilani was bullish 14 months following election an turned sore and said don't put more money and turned around again and that's news shaw don't hide your light under a bushel. all right we're down 120 points on the dow we're shy of

25,000300,24007 as we speak. how about this one congress did inteed take an ax to the dodd-frank financial rule and regulation. liz peek still with with us. you know, i think this benefits the community banks the regional banks more than anybody else. >> absolutely since dodd-frank went into effect what has been the ultimate outcome it was not the intent of the legislation. so what this bill did was basically throar threrld for what is called a bank significantly is the bank that requires extra regulation and basically a lot of smaller or banks escaped that net. it's a very good decision and by the way, it was bipartisan and how rare is that? so you know it was something that needed to be done. >> regional bank stocks are lower this morning because they saw it coming and building up. >> merge too this also helps economy get credit flowing again into the economy. and as you get the u.s. lid, the government lid on all of that

activity. now maxine waters hastes this stuff but this was a crisis era legislation. it was basically legislative incompetent hit the little guy responsible for that crisis. >> chief zuckerberg grilled by european regulators he meets with other high-tech people with macron liz, you said french president he's got leverage over ibm and microsoft and all the of the rest. >> i think all the of the big companies have come under pressure and europe afterall on friday is implementing very is stringent regulation on the privacy controls on the big tech names. so yeah, i think for the first time in a long time, there's a little opening for europe to demand more, demand perhaps some of these companies move their -- some of their facilities over there, and for european company ies to get in these various afnghts. >> shah gilani get into this please it's a french have leverage over our big tech companies would you still buy the stock? >> well it's hard not to buy

them they're all fantastic you look at particular facebook 150 when -- before zuckerberg was about to go on hearings in congress the stock took a big hit and go up to almost 190 he used that i don't think he'll have any impact on these stocks but influence in terms of them being hit price wise and he'll have a talking point that's all there's going to be. >> if he tries to smoosh the facebook. one of the most vocal critics used by these companies he says has cost billions of euro so you can't have this both ways. >> we have apple hyping a smarter siri in time for the worldwide developers conference in june. i don't think that siri has been that big a success so far. has it? >> pails comparison to google and amazon alexa by far a better

used product. the problem with i think, with and this is my personal experience and i think a lot of folks i talk to the problem i have with siri a lot of time she you to a website and not getting an answer and alexa tells me answers to move forward so but siri by fact that siri is on so many iphones means it is widely used doesn't mean it is best loved certainly developers conference may be some change there is we'll see. >> we'll see. a it will this morning at 186. i'm getting back to amazon story about facial recognition. amy dison i don't know whether they're a leetdzer in the field but there's certainly an advance stage of being able to facial recognition of anybody. >> you know it's a brave any world isn't it. can't you imagine you walk down a street with a pair of glasses you look at somebody you know exactly who they are, their name where they're from and their entire history no such thing as a stranger -- >> brave new world. >> i think for law enforcement this is a huge win to tell you

the truth. imagine being able simply look at people coming into a giant stadium and if there's someone that you know from some other reason is -- on your watch list there they are. that's -- for the good guys. absolutely, and, of course, everywhere. and surgeons will do a rip roaring trade to change people's appearances to be caught by the police. there's no -- shaw there's no holding this back and a it is a huge development. exactly right. >> this is -- this is the march of technology. there was never going to be any stopping this have. this was just natural course of events. the fact that aclu was selling this j it to law enforcement et cetera hasn't affected the stock and won't. while amazon will march forward with this it makes their advertise iting more -- makes their advertising more effective it just a future any way you hear. >> of course going to be more intriefs in our lives anyway. >> we're intrigued i'm intrigued on this programming video games. did you know that the chinese company is a web giant ten cent

it owns a 40% stake in that very popular and fairly new online video game, known as fortnite a big deal so shah gilani would you buy ten cent as your back door entry into the video gaming business? [laughter] >> right i'm not a video gamer stuart but i don't know a lot about gaming industry but i do know that 1010 is fabulous company all of the chinese big tech companies are fabulous like the toc tech companies i think you want to own them because they're always going north because they're all headed in that direction because technology is the future. >> i didn't know that ten cent had 40% of that. but i know a lot of people are playing that game. huge deal. mcdonald's shareholders they vote tomorrow, wait for it. on whether or not to find an alternative to plastic drinking stores. straws -- i can't believe that the an yule share hold terse meeting of a major corporation is bogged down in discussion of straws. >> why?

because it is polluting the ocean they can switch to paper straws there's -- part of plastic emission also apartment of a big bigger story packaging for fast food industry is huge and it is hugely wasteful, and i think this is just sort of one -- straw that broke the camels back sorry. sorry, i know i'm sorry. but i just -- >> wait a minute shah gilani am i out line here i can't believe- >> no -- not. >> i can't believe that the shareholder meeting of a corporation like mcdonald's is going to be discussing and talking about and voting on straws. >> well, they actually have a right to under the bylaws of the company and the corporations so they surgery can bring up anything they want in a shareholder meeting they can ask board dwrown tick a vote on anything. so it's not -- it's nots unusual. and frankly i don't have an issue but probably a good idea. [laughter] >> oaks. okay. this one stuart --

look up ocean and plastic and you'll see the problem. and beaches as well. >> what's the name of this show? [laughter] "varney & company." thank you very much. news on retail this is important stuff. [laughter] straws -- but target opened down about 4.5.. a big gain for lowe's and target and others are blaming some very bad weather for weakness in the sals certain number there is. is that a legit thing? >> home building or home improvement the weather is enormous factor because if you can't go outside and do repair or build a deck or or whatever because it is pouring rain and we have a awful spring but yes, i do think so i vote for -- i vote for yes. important. >> i have to say i think it's that time 9:40 eastern time elizabeth -- >> i can't wait. it goes fast. shaw you're out of here. thank you indeed ladies and gentlemen. [laughter] >> comcast i don't have that one. do it for me.

comcast says it is getting ready to best and beat disney bid for some of 21 century fox, comcast is down and 21st century fox is up. check that big board down 100 points there you have it exactly 100 points as we speak. now, when you think of the south, and sports -- i believe you think first, of football and nascar. but soccer -- [laughter] soccer is really, really big. in georgia -- we'll explain it. next story.

>> well down a little we were down over -- and look at tiffany please much

better sales i understand. tell me all about it nicole stocks way up. >> yeah, way up and pretty amazing consider we hard from fed that american families can't even scrounge together 400 for mrmings yet everybody is running to get something in the little blue box. look at this new high for the stock -- a buyback but sales, sales, sales they are selling everything. sales year over year up 10%. then you break it down and the jewelry is killing it. 11% for designer jewelry and last but not least how about engagement rings 11% awl also growth there and tourists are back. back to you. >> tourists are back. they were thinking i'm a tourist in new york city because be of the ac accent lived here a long time. look at the important story, the aclu says amazon's facial recognition technology is being used for government surveillance. judge napolitano has something to be say about now. here we have it there's this facial recognition technology, i

know who you are just by run aring through the computer. and the police forces are using it. now, does this impose impose a problem on private? i >> aclu and colleagues colleae wrong to complain to amazon somebody sells manufacturing and government is buying it. >> who is paying for it? these are -- federal tax grants to local police departments who buy this. there's no debate by the public as to whether or not we want to be surveilled. there's no legislation by local or state government authority as to whether we want the police to surveil us now we live and work in second most surveilled city in the world but most being london. you go outside the fox building, you can't gasp your brow without picked up by cameras no city government voted that and they negotiated with private property ies pay the small amount

of rent if you put this camera on your building this does not deter or stop crime but it does help the police detect crime after it happened because they have pictures of the criminals. it is so common place it doesn't deter behavior. >> what's the legal ruling, whether or not that is an illegal search. i don't think -- you're searching that person's history and identity. >> under current law, i -- pain me to say this but that's what the law is. i don't think it is illegal search. because the courts have said there's no expectation of privacy in public. the question is do we want to live in a society like the old east germany where everything you do is being watched by the government. now, government doesn't have any human eyes to watch it in real time and government records it. >> no way with around it judge. once you have that technology it will be used. surely the way around it is to have warning signs this area under surveillance. >> there are some warning signs

in new york city. and there are some without warning signs. but quite frankly there is a way around it. cash -- this cost money to operate. if city council, the city of new york said we're more interested in privacy than whatever safety comes about. they could stop it. at least have a great debate and let the public decide if the public wants to live and work in a surveilled society we don't have that debate but imposed on us like in east germany and stuff we're with talking about -- is unlawful. in germany -- in germany. really -- keep saying in east germany as an example. it's unlawful over there. >> okay i think it is time the law -- >> do you agree to have a debate and our representatives not the cops who are hired by our representatives but we should decide on this. >> polices and law have to catch up with technology. >> yes. on the moment way outfront. absolutely moving so fast you

can't keep it. >> absolutely extraordinary. i mean they can catch you at metlife stadium and they'll have your financial records. >> yes. yes. like that. your face is in the crowd zero in on varney what did he earn this week they don't have a ledger bug fluff to put that back -- [laughter] see you later thank you, judge. i have to get this in. a victory for right to try legislation. it passed congress -- yesterday details. >> sailed through the house after it passed senate nine months ago so now if you live in those ten states where you cannot get access to treatment not approved by fda now you can. this is a big , big victory for or these individuals. >> i think it's a big victory for individuals and choice for making a choice on what you want to do with your own body medical profession is very, very upset because it cuts them out. >> yes. if and they're upset because they can't sue. >> both professions what would

you whpt in your body when you're diagnose an you want to take a chance to extend life or be a miracle cure. >> thank you. first president ever to recognize this. donald trump -- >> yes. in a "state of the union." the dow industrials are down 90 but most of the dow 30 are in the red that's where we are on the market right now now a very important story a soccer club with a better average attendance than the new york yankees. okay and it is an american major league soccer -- club -- it's not europe. not latin america we've got the numbers to prove it, next. ll got what happened to 'em. i could feel the barb wire was just digging into the paint. two bulls were fighting, hit the truck. another ding, another scratch, another chapter in the story. chevy silverado. the most dependable, longest-lasting, full-size pickups on the road. it's the chevy memorial day sales event!

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i'm an american and i know this. georgia is the land of nascar, and college football. however, major league soccer is coming along real strong. look at this. how about this? the average attendance during atlanta united soccer matches is better than the average attendance at new york yankees games. can you believe that? it is true. joining us is darin eel, the president of atlanta united a fellow brit he joins us now. well good morning dane. now, i've got the average attendanced a yankee games at 39,000. what's your average attendance? >> in second season projected to

average 53,000 a year 15th in the world in material its of attendance. think about it bigger than ac, chelsea these teams that have ar 100 years it is pretty incredible. >> blew me away glad you're on the the show. did you get -- did you you get one game recently 72,000 people? >> so we have the single season and single game record in american soccer we buried 70,000 in last leg this year and 72,000 for first match. >> do think that major league soccer finally really broken through? >> i think it has and we joke about thissing with the next big sport in america and saying since seven, i played here 20 years ago when it was the a league island in front of tens of thousands of people and now seeing this younger generation so it's a younger demographic it is the international dem graphic and atlanta is hot bed and it is right place at the right time financial >> how is the team doing in the league? >> top for the moment to stop of the standing in second season

expansion teal is pretty difficult to do so excited about that. but -- we still got two-thirds of the season to go. >> now your style of management is -- you bring along young talent latin american young talent american young talent. that's your style. do you don't use fading european stars. >> no i think what we showed you can create stars so frankly most of our families never would have heard of and last season it was a number one selling so away when we show is bring young talent and fans will love them. >> develop them and be pinch bid europeans more money than you can. smg that's part we've been upfront about that from the start. >> that's how you make a profit. i knew it. i knew. we love profit on this program. darin eels president of united congratulation and thank you very much for joining us. hope you can come back. >> i would love it. yes, sir. >> president trump goes on the attack -- turns the table on robert mueller. my take on that, is next. well, it's earnings season

once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. . . . . . now through may 31st.

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re-established 2018. stuart: the president is on the attack. he has come out swinging on the issue of spying, spying on his campaign that is. two tweets. i'll read them. number one. if the person placed very early into my campaign wasn't a spy put there by the previous administration for political purposes how come such a seemingly massive amount of money was paid for services rendered many times higher than normal? this one. follow the money. the spy was there early in the campaign and yet never reported collusion with russia because there was no collusion. he was there to spy for political reasons and help "crooked hillary" win, just like they did to bernie sanders who got duped. the president is turning the tables on the mueller investigation. for a year he has played defense while the left distracted the world with russia, russia, russia. my how times changed.

one year in, there is no sign of any collusion. instead there are signs, indeed there is proof the other guys were infiltrating and spying on trump and they were the ones colluding with the russians. now the left and the media are in panic mode. they know that the tables have been turned. they know we're staring at what may be a again win scandal for the ages. so they're now saying that the president's attacks are undermining the rule of law, and integrity of the fbi. well it is not the president that is doing it. it is the fbi itself. can we be clear? this is america. you don't spy on any presidential campaign. so we have to return to the question raised earlier this week, where in the world was barack obama? i'll close with the latest trump tweet. quote, "spygate" could be one of the biggest political scandals in history. oh, my, how times change. the second hour of "varney & company" is about to begin.

♪ breaking news as it happens. we have number on new home sales, not existing, new home sales. ashley: coming in at 662,000 on annualized basis, a little shy what was hoped for but still fairly positive. this is although, this is just 10% of the home market, it is a leading, you know, indicator for the economy. and we have seen home building confidence go up. because there is lack of homes, existing homes, really a slim inventory out there, interesting to see how the people going in the new home businesses because is not enough new homes. we are heading in the right direction. mortgage rates have gone up and that also hurt a little it about, no impact on the market overall. we're still down 70 odd points for the dow jones industrials.

ge, very much in the news recently. it had been going up. this morning down, barry holding, $15 a share. that, by the way the biggest drag on the dow. look at tiffany. that is either the all-time high or very close to it. it did hit it this morning. strong sales growth. the stock is up $16, 16%. tesla, it's up today, analysts say the negative feeling on the company has peaked. analysts say it was positive that consumer reports said they will revisit their evaluation of tesla after they make the software update. it is up a buck, 276. the price of oil just a little shy of $72 per barrel. back to my take and we have james comey who just tweeted this in response to the president, not to me, in response to the president. here it is. facts matter. the fbi use of confidential human sources, the actual term, is tightly regulated and

essential to protecting the country. attacks on the fbi and lying about its work will do lasting damage to our country. how will republicans explain this to their grandchildren? ashley: oh. stuart: joining us now is congressman dave brat, republican conservative. i think he is going to answer the question. what do you have to say, mr. congressman? >> stuart, it was an honor to defend our constitution and our country. eight of the top fbi political appointees have been fired or stepped down or resigned over tweets that make it very clear they were going after the president of the united states. they need ad backup plan. comey has given very mixed, false evidence. the head of the cia, brennan is now on the record. clapper, head of national intelligence, this week said it is okay to spy on a presidential campaign. and to put it in context for my grandchildren i'll say, the most important part this all happened under an administration, a

white house administration over the cia, the fbi, national intelligence and all of these folks were spying on and given permission to spy on apparently, what these folks are saying regular, it is well-regulated. they were given to spy on the leading presidential candidate who opposed their administration. boy the comparisons to watergate, et cetera will be fascinating to explore. stuart: do you think the tables have indeed been turned and the president is now vigorously on the attack? >> oh, yeah. and i would put it in terms of the defense of constitution. i don't like political jockeying attacking one side or the other but this is clear defense, especially article i powers. we've been demanding information from our own justice department. clinton and the former ag met on the tarmac and that has woven its way into all of the folks underneath the head of the ag,

not giving information to article i of the constitution, to congress when we asked for it. now the president himself, who is the executive over all the intelligence age is saying i want to see the information. they're still getting pushback from the bureaucrats in these organizations. that has got to end. he is the boss of the executive. if he asks for information unredacted, he gets to determine national security, right, not them. the whole thing is upside down now. the american people are seeing who has been working with the russians and it is not the republicans. stuart: my how times change. >> yeah. stuart: bear with me, congressman, i want to talk about immigration. i want to tell our viewers there is a news development here. police are saying a tractor-trailer full of illegal immigrants was stopped in texas. by the way there were 92 people packed into that trailer. you can barely see it. just imagine a tractor-trailer with 92 people packed into it.

obviously there is a problem with immigration. the president held a meeting with governors, slamming congress for getting nothing done on immigration. dave brat, why have we not seen any immigration bill passed? >> our leadership needs to whip the good late bill. they promised it five months ago. they promised it a year ago. we have to get the goodlatte bill promised all of this. 700 troops and helicopters from the national guard. the people in the truck are all children of god. that is not the issue. you can not have chaos and illegal galty into the united states of america. the people are flowing from honduras and guatemala, they don't have the rule of law and free market system. i worked at the world bank 25 years ago. the best thing we can do to get those countries to develop economically. the far left is antibusiness, they want to raise taxes. you can see why we were slowing down over the last eight years, much less the rest of the world they're still pushing that backyards logic.

we want what is best for everybody. you don't have 7 billion people want to come into this country. we have a great immigration bill. deal with the daca kids, 700,000 in the goodlatte bill, bring them out of the shadows. give people legal status. that is what the democrats say they wan. now they're saying no. in my own state, he promised no sanctuary cities when he ran, now two weeks ago he flip-flopped. democrats promise what people want to hear on immigration, but once they get in office they go hard left. we have sanctuary city possibilities in virginia, i don't think other states, it is 70% issue across democrats. they won't bring up the issue because american people are upset with the low-wage push. stuart: i don't think it is very good electoral strategy. that is my opinion. >> no, you got it. stuart: very timely appearance. >> thank you, stuart, you bet. thank you. stuart: i want to get to the markets. joining us "barron's" senior

editor jack hough. we're off the lows. we were down 150 points roughly. now we're down about 73. why were we down so much at opening bell? have you a single reason for me? >> you don't get a reason if less than 1% move. it doesn't come within a reason. it is normal statistical distribution of returns. we can say energy is weak, financials are weak. stuart: let me run this by you. i have a theory here. these algorithms, they read news reports, as soon as they spot a tiny negative, boom, they sell. could that have been true this morning? negative news reports on holdup in the trade deal and in the summit? algorithms read that? >> undoubtedly algorithms that read the news and do that i don't know if they're dominating market activity. are there any negative signs? ashley talking about the housing numbers, still pretty good especially considering the rising mortgage rates. all the u.s. economic signs in the u.s. continue to be good.

earnings continue to be good. to me not a major movement. stuart: i think you like refine stocks. >> i do. stuart: the price of oil is up. maybe you think it is going higher, i don't know. why are you picking on refinery stocks? give me some names. what are refinery stocks? >> these are companies like, endeavor was a pick we made in "barron's" in march, it has been bought out. the remaining big players are marathon, you have valero, you have phillips. these are of course companies that turn crude oil into refined products like gasoline we buy. they're making great money right now, the spread between what they paid for crude oil and what they get for refined products has gone wider. there is analyst i give tip of the hat at every core, doug harrison, he has done great work on refiners. he made a big call, made a lot of money for investors, says we're entering a new golden age off refiners. i'm piggybacking off the work. there is no new capacity. they're looking at electric car

and saying will the world need as much gasoline going forward? we'll be cautious about building new refinery capacity. they have underbuilt for the demand we're now seeing. they're all operating full capacity. their profit margins are up. this is a perfect recipe for refiners to make great money for years to come. stuart: that would be valero, phillips, marathon, primarily? >> yeah. we don't decide, hey we need new refineries, let's get them built by november. it takes years to get built. this group can make money through the end of the decade. stuart: that is fascinating. thank you, mr. hough. i have another issue for you later. america facing a trucker shortage. can't get drivers. why are drivers so hard to find? could it soon affect the price of everyday things because it is hard to ship them? we'll ask that question to someone who knows the answer. there is growing evidence that the gop is gaining ground

in key battleground house races, including all places, california. we have details from axios coming up for you. nfl owners discussing what to do about anthem-kneelers. one suggestion, penalize the team with the kneeler, 15 yards on the opening kickoff. whoa, that is a radical idea. we'll talk to jason whitlock, a favorite guest of ours. maybe we'll even talk a bit of soccer with him too. ashley: good luck. stuart: you're watching "varney & company." ♪ ♪

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stuart: we are definitely coming back. we were down well over 100 points and now we're down just about 40. 24,790. look at lowe's, what did they do right? i'll tell you.

they gave a positive outlook. things are getting better in the future, guys. look at that, the stock is up 9%. ralph lauren, 2 1/2-year high for the stock. up nearly 15%. they sold more stuff at full price. full disclosure, my daughter works for polo ralph lauren. this is theme on our program. we're facing a trucker shortage in this country. a short fall of 51,000 truck drivers at the end of last year. come on in owner, operator independent drivers association, todd spencer. todd, i hope you can hear me. i saw you fiddling with the ifb. you can hear me okay? >> i can hear you. stuart: now you have, you can't get the drivers required to fill the jobs. i'm told that one of the reasons is that in the age of legalized marijuana, people can't pass a drug test. is that accurate? >> well, that is going to be something that's pretty much across the board that all employers deal with, but when it

comes to truckers there has -- going back decades, there has never been significant issues with drugs or alcohol. truck drivers themselves are the least sympathetic for of other drivers impaired by anything. so, you know, the dilemma that you talk about, or shortage, we've been hearing that for 25 years and it kind of speaks to the economic dysfunction that has kind of become norm for certain segment of trucking. one, private carriers, people that shippers, that haul their own goods, they have no shortage of drivers. ltl companies, they have no shortage of drivers. the characteristic of those companies is that they pay their drivers well and they have good working conditions and, you know, drivers come and stay. stuart: so where is the shortage? >> the segment of the industry, well, in actual numbers there isn't any. i think you mentioned 51,000

shortage. every year over 400,000 new drivers receive cdls. these are new people that pursue careers in trucking. they don't last very long. simply because -- stuart: todd, i don't know which section of the trucking industry i'm referring to here, i do know we had a restaurant owner on this program, a guy who runses 40 odd applebee's, he can't find drivers to drive trucks to upstate new york to restaurants? new york city. he hasn't got them. he has a whole bunch of trig race units. they bring the stuff from upstate new york. they bring the stuff in a refrigerated unit. that is again wine shortage affecting that business. >> for that particular employee. he can manage through pay and benefits. employees, workers will come to jobs that have a future. so much trucking is for hire,

publicly-traded companies, and the mantra with all of those companies is to increase productivity and lower cost of labor. that is applied to drivers through the decades and you know, real incomes for truck drivers are less than half of what they would be just adjusted with the consumer price index over the last 2 1/2 decades. i mean that is the real issue. that is the issue that has to be dealt with. if you want to correct the problem. stuart: if you work for a big, a large trucking organization, i'm told that pretty fast you move up to the food chain and within a few years you drive for them and you will get to $100,000 a year. i'm told, like 80 to $100,000 is the average after a couple of years in the business. now that is a fair amount of money? >> it is but it also, that is going to be pretty much the exception, not the rule. department of labor most recent data from department of labor --

stuart: go ahead. give me your statistic. >> it is not average. the department of labor has labor, weighs the income of truck drivers less than $50,000. there are a lot of that work right now for less than that right now, and they work really, really hard. the typical work week for a truck driver will be 70 to 80 hours. basically drivers work around schedules of every one else. their time is not their own. they work 70, 80 hours. and usually there is another 20 or 30, or even more hours a week that you spend just waiting to load or unload. i mean that is part of the economic dysfunction that makes this an occupation that simply, people don't want to pursue as a career. it is nutty. the most important person in trucking is the person behind the wheel and that is the one that virtually always gets short-shrift throughout the supply chain. stuart: i take your point though, todd. i'm not sure i would want to

work all those hours, in difficult situations facing heavy traffic and all kind of rules and regulations for $50,000 a year. i take your point, todd, i take your point. i'm afraid i'm out of time but come on back. go on. last point to you. >> the regulations have made it even worse in that, under the guise of safety we have experienced drivers, million mile safe drivers are saying to heck with it. this is simply not worth it. i will find something else to do. that is happening all across the country. stuart: okay, we got it. todd come back to explain this all over again please, because the popular conception we have a shortage of drivers. sort this out at a later date. todd spencer, every one. we appreciate it. how about this, continental united, it is united continental, the airline, okay? they're facing some hard questions today at their annual shareholder meeting like the death of that puppy.

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stuart: comcast is considering higher all-cash offer for some of twenty-first century fox's assets that would rival disney's offer for those assets. twenty-first century fox is the parent company of this network. united airlines food workers protesting as the airline conducts its annual meeting. well, jeff flock is there. that is in chicago. jeff, what do the protesters want? reporter: well, they would like a union, stuart.

i know you're a big fan of that. so i assume you support it. the fact is that about 80% of united employees actually are in a union but these are the people that make the meals. maybe you have quarrel with them because of the taste of those meals on one hand but on the other hand, they are not unionized. there is about 2900 that have now filed for a union. about 76 of those people, 7 of% of those people have said they want a union -- 76%. as core munoz, the new ceo, he is not really new, prioritized trying to do a better job getting along with unions. but united is trying to block this one. they filed a complaint with the national mediation board which is sort of like the nlrb of railway and airline union organizing. to say that, the folks trying to organize this have done it unfairly. as you can see the workers that

are assembled here want to be able to vote on that union. so we are expecting somewhere upstairs there, i don't know if kyle can see it, that is the sears tower by the way. i call it the sears tower. it is actually now the willis tower now. an appropriate place for annual meeting. they will address this we'll see what oscar munoz has to say. we'll report back to you, as well as our friend there. stuart: jeff flock, thank you very much indeed. good stuff. everybody heard about the blue wave that is supposed to be coming in november. coming up we have someone who says there is a glimmer of hope in republicans for at least house races in three states, that is important, varney, including california. we'll deal with it, i promise you. ♪ [fbi agent] you're a brave man, mr. stevens.

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♪ ♪ help i need somebody, help stuart: my personal opinion that was a good song but a lousy movie. are we with me? ashley: terrible. stuart: terrible movie. moving swiftly along in the background with breaking news. the dow industrials are down 69 points. now, oil, how much oil do we have in storage? do we have the numbers? not yet, not yet. we don't have the numbers yet. ashley: have not come down yet. stuart: usually- ashley: it's a big secret today. stuart: five seconds late. have we got them? liz: down 1.57 million, third straight weekly drop. oil traders watch this, thinking oil prices will go up. why? because when oil prices were really down three years ago there wasn't a lot of investment in new oil projects. that has yet to recover.

there is not the infrastructure yet there to get that supply off to the market worldwide. stuart: up 5.million barrels up. liz: oh, it went up. thank you for that. stuart: so 5 million more barrels in storage in oil. liz: oil prices now. stuart: they should go down. big tech names. we check them all the time. we have only one that is going up and that is facebook. that is interesting. more on that in a second is. amazon, apple, alphabet, microsoft on the downside. look at deutsche bank. reportedly looking to cut 10,000 jobs. how is the market reacting? taking the stock down 25 cents. that is a beaten down stock. it is down 1.8% as we speak. deutsche bank to $12 a share. politics, all this tank of a blue wave in november, maybe it's a little overblown. the democrats will not necessarily sweep into the house. axios editor-in-chief nix

johnson is with us. nick, welcome back. >> good morning. stuart: i read your stuff, and you say, there is a glimmer of hope for republicans in california, nebraska and south carolina. make your case. >> remember when i was here last time, i was battling you bacalling it a blue wave. we're calling it a blue ripple. look at comparison to many other midterm elections. the base case still is that the democrats will take the house and republicans will probably hold on to the senate but latest news yesterday, some of the smart analysts we follow here in town move five races back more in the republican column. that shows it isn't sort of a done deal. the base case remains that democrats will probably take the house, winning 20 or 30 seats. but not completely done deal. the generic ballot is very close between republicans and democrats. there is a long way to go until election day. stuart: what you're telling me, the trend, voting trend is going republicans way, inching their way closer to november. is that accurate? >> the last 48 hours it may be inching in that direction but

they're miles and miles of them to go to hold the house. i wouldn't get carried away likely that the republicans will retain speakership with paul ryan gone, look pack little better. democrats are still most likely ones to take the house according to what we're reporting. stuart: nick, i always tried to not get carried way but fail egg frequently. next case for you, president trump tweeting this about the fbi this morning. i will read it for our audience. look how things have turned around on the criminal deep state? they go after phony collusion with russia, made-up scam, and end up getting caught in a major spy scandal the likes of which this country may have never seen before. what owes around comes around. you stick with the facts. you're not an opinion guy. give me the facts on spying. >> right. well the first thing, axios language we're use something not spying. he was an fbi informant, placed, sent to connect with campaign officials to follow up on reports of russian agents, russian officials, people connected with the russian

government reaching out to trump campaign people like papadopoulos and carter. this was long-time academic. he would have served in prior republican administrations. he was sent to learn more about what the russians were doing with the trump campaign. not planted within the campaign. what is very important to note, who he was working for. he was working for the department of justice and the fbi. he wasn't necessarily working for president obama and certainly not for the clinton campaign. we'll learn about in the inspector general report look to see if this informant was sent to get the information improperly or if it was politically motivated. stuart: we would like to know if attorney general loretta lynch was told about it, because president obama was told about it. because if you surveil somebody else's presidential campaign, you have got, the top person must know about this. i want to know did barack obama know? >> i think it is almost certain that attorney general loretta lynch knew that this was going on. certainly possible. we don't have any reporting to back that up that the president knew. there is difference between knowing if this informant was

there, if in the word of spying they were conveying information back in a political fashion. stuart: that is the whole point. that's the point. if they conveyed information back, they told who suffer what was going on in the trump campaign, for the political advantage. >> yes, of trump's opponents. if that is the case, do you agree it is as bad as watergate? >> if this informant was politically motivated and informing president obama and the clinton campaign of what he was learning about the trump campaign, that would be, i would be gob smacked but that would be something ig has to figure out. stuart: gob smacked, i never heard an american before. that is british expression. >> i play to my audience. stuart: nick johnson, you're all right. see you soon. axios guy. now this, president of france, emannuel macron meets with several american technology ceos today. they include the leader of facebook being mark zuckerberg and the guy, the lady who runs

ibm and person who runs microsoft, they will all be there today, meeting with the president of france. jason rotman is with us this morning. i want to focus in on facebook. zuckerberg is there. he is the top guy i guess in this meeting with emannuel macron i don't think what is going on in europe with these social networks has any impact on the stock price in america, what say you? >> no, agree. let's face the reality. you were talking to the former guest about facts versus opinion, the fact is facebook has success fully with stood a pretty large scandal, obviously cambridge analytica, the fact facebook is near all-time high, that the market is still highly confident that people will not leave the network, whatever short-term fluctuations from advertisers leaving is not going to have lasting impact. if anything, facebook's deeper involvement in international governments could actually propel it forward. so is i'm still a bull.

nothing's changed. stuart: seems like almost a teflon stock. when the cambridge analytica scandal broke, facebook went down to 165, 170. >> mid 150s actually. stuart: mid 150s? that is a selloff. but then it has come all the way back. that is the assumption nobody will mess with them to the point they have to change their business model, is that accurate? >> exactly. you look at the major tech success stories over the past few years they have shown the exact same pattern. every dip in amazon has been bought. every dip in netflix has been bought. facebook is now officially in that same category. stuart: do they have to keep growing, growing their profits, i don't know what it is 50%, 40%, do they have to keep that growth rate going to keep the stock price continually growing? >> it is kind of a similar

conversation people had about apple over the past five years. is it still a growth stock? is it now a utility where the earnings have kind of come back down to earth but it is still growing? i think facebook will follow that trajectory. i think we're very far away from facebook not being considered a growth stock. i also want to remind people, it is not just facebook.com. they own instagram. instagram is blowing up from a usage and popularity standpoint. they're just starting to tap that from advertising revenue. stuart: jason, a long time you've been a bull on facebook. what about the microsoft, amazons, googles of this world, do you like them to? >> how can you not, how can you not like those major players? amazon is going to continue to grow. the only thing about amazon, i have a hunch that we will see some pretty interesting selloffs over the next year or two. we may see more regulation. trump is arch nemesis of

jeff bezos. amazon shareholders the thing rallied so much i wouldn't be surprised to see more volatility come into amazon. stuart: okay. microsoft quickly? >> a bull. is it going to go to a trillion dollars as morgan stanley says? i don't necessarily think in the next year or so but microsoft is leading the way and they are encroaching upon amazon cloud services so you can't sell it. stuart: i own it and i'm not selling it. >> don't sell it, stuart. stuart: i promise i won't. jason rotman, thanks for joining us, sir, always appreciate it. thanks so much. coming up a question mark. second leg on tax cuts before november? president trump said it again and he says he is working with congressman kevin brady to do it. mr. brady will tell us what they are working on. that is coming up at the top of the hour. nfl owners considering a 15-yard penalty if a player kneels for the anthem. jason whitlock is next. i might ask him about soccer but i'm intrigued about this 15-yard

penalty rule. i think it is a rotten idea. the 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.

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♪ ashley: senator john kennedy told us last hour the that president trump, regardless of the way he says it, has a right to request an investigation into spying on his campaign. take a listen. >> the president is very frank. he says what's on his mind. i try to do the same thing. he has his own style and, all he has done is do what every other american has a right to do. he has contacted the fbi and said, i want you to conduct an investigation, somebody from justice or the fbi was asking a lot of questions in the middle of my campaign and i as a citizen and as president would like to know what's going on. now i have the right to ask for any investigation i want. you have the right to ask for an investigation. ♪

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brbut how will his dentured to thicope with... a steak. luckily for brad, this isn't a worry because he's discovered super poligrip. it holds his denture tight and helps give him 65% more chewing power. leaving brad to dig in and enjoy the tastiest of t-bones. super poligrip, helping you enjoy the foods you love. stuart: the nfl is considering a 15-yard penalty for national anthem kneelers. jason whitlock is with us, host of "speak for yourself" on fox sports 1. welcome to the program. >> varney, good to see you. stuart: whitlock, if that is what you want, it is whitlock from here on out. the proposal is, if a member of

the team kneels for the anthem when they go on the field that team get as 15-yard penalty on the kickoff. i think that is lousy idea. what say you? >> it's a terrible idea and i think i hope the nfl moved away from that. this morning we heard comments and reporting that they're talking about giving the players the option to stay in the locker room, and that if you come out on the field during the national anthem and do any sort of protest, the team will be fined, not the individual player, the team will be fined. i don't particularly like that idea either, varney, but it is better than the 15-yard penalty. stuart: i don't think you should mix off the field behavior with on the field penalty during the game. that is totally wrong, in principle that is flat-out wrong. >> i have a simple solution. this is what i think they should do. if you protest during the national anthem, you don't play in the game, period. stuart: you have the right to

protest. nobody is interfering, nobody saying you don't have the right to do it. you do have the right but there are consequences like with everything else. >> yes. stuart: do you think the team owners have the guts to do that? >> i'm not sure what's going on with football. i'm going to be very interested to see what comes out of it today. i think they're looking for a solution but they want a compromise solution where they want to make every one happy. that is just not the tray things work in life, stuart. everybody is not going to be happy. i think this is the decision that is going to take some real courage and guts and people are going to have to deal with the fallout. every one won't be happy. there will be some media criticism is, but it is the right thing to do for football and the sport. and your television partners, it is a business, it's a television show, it is not a platform for protests. i think the players have every right to use their money, use their influence, outside of the

game, to support whatever cause they want. they have some legitimate complaints they want to air out. right before the kickoffs is not the time to do it. stuart: we'll said, whitlock, well-said indeed. i don't know if you were watching our show earlier, we had the manager of a team called atlanta united. it is a soccer team. turns out their average attendance, this is a major league soccer game in georgia of all places, 48,000. that is their average. that compares to the yankees average attendance, 39,000. i mean who knew that soccer could be that big in the state of georgia. >> listen arthur blank, the owner of the atlanta falcons and also the owner of atlanta united, he made a decision he was going to play his soccer team, this is their second year, in the mercedes-benz dome. people thought he was crazy is. he was very confident he could fill up that stadium and that

people in the south, atlanta area, just the state of georgia would embrace soccer. i'm not that surprised by this. i mean it is -- stuart: i am. >> mls average is 22,000. i'm from kansas city and sporting kc has a, we have a 20,000 seat stadium. average about 19,000. to see a team in its second year, they did it in their first year as well, average 48,000 is pretty amazing. it speaks to the fact your sport is starting to become very popular here in america. stuart: i got to tell you, jason, i am really shocked at this. they once got 72,000 in attendance for a atlanta united game, in georgia, in georgia. >> atlanta might be the kind of town need to move to, your kind of people there. stuart: my kind of peep, what do you mean by that, whitlock? enough of this joking around, let's get serious, saturday afternoon, 2:00 p.m. eastern

liverpool plays real madrid on fox sports 1. will you be watching? >> who wouldn't be watching that? of course that is a huge game. we have big games on fs1 that have drawn massive audiences that will draw a huge audience. stuart: i'm doing my best to drum up-rates for you, whitlock. all you do is call me varney. it will be varney. >> when i started shouting you out on my show, the ratings have jumped up. we're getting a lot of soccer fans on our show. i will shout you out again day, are you? >> absolutely! stuart: i knew i liked you deep down, jason. thanks for joining us, whitlock. we'll see you again real soon, that's a promise. >> thank you, stuart. stuart: sure thing. president trump saying the june 12th summit with north korea might not work out. blaming china, seemed to blame china. kim jong-un's shift in attitude. coming up, the man who wrote the book, china's secret strategy to replace america as a global superpower.

he is with us in a moment.

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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®. stuart: president blaming that. >> i'm disappointed when kim

jong-un had a meeting with president xi, with china, the first meeting we knew about, the second meeting i think there was a little change in attitude from kim jong-un. so i don't like that. stuart: all right. joining us now, is the author of the book, the 100 year marathon, all about china strategy to compete effectively as rival with the united states. the author is michael pillsbury, he joins us now. do you think it was china upset the plans for korea summit. >> i agree with the president and i think the chinese are not happy that he called them out the way he did yesterday in public. the chinese fear president trump is the master negotiator that they have, has been sent from heaven to cause them a lot of trouble, and he has done this several times before, as you know, stuart. he talked about president xi, has disappointed me about the sanctions. that was one of his tweets. this seems to be a way that president trump has a sense of

almost shaming the chinese leader, that we're such close friends, we like each other so much, president trump will say, but gee, you have done something now to make the north koreans tougher. so i don't like that he says. i think this is brilliant negotiating strategy on president trump's part. stuart: china has this plan, i believe it is called made in china 2025. >> yes. stuart: that is part of their plan to rival america in technology. so they are going to stick to that plan come may, i think. therefore they're unlikely to give up on this idea of traps perking our technology to them. that is goal -- transferring technology to them, that is goal they will never give up? >> the goal may remain, stuart. this is part of what president trump is doing in his china trade talks. he mixed in several issues together. not just north korea, is obviously part of the way things are going now. he also mixed in, you buy more from us, up to 200 billion we like. you stop the technology theft and you cut back on your

subsidies, what is the 2025 program is, is set of subsidies for 10 high-tech an industries. it is violation of world trade organization that exports will not be subsidized. they're backing down to somewhat a degree what they're doing. president obama knew about this program. it was published three years ago but he chose to ignore it or just indicted five hackers. what president obama did. not much compared to what president trump is doing. stuart: michael, 20 second, in the long run do we get some deal acceptable to the american voter and china as well? >> yes i do very much. i saw your discussion yesterday with brian kilmeade. i think president trump is on the right track and the chinese have already taken some major steps towards us. stuart: michael, if you had told me that you were a viewer of this program, we would give you the next hour but you didn't tell me, so i didn't know. michael pillsbury, great book. thanks for joining us, sir.

we're obliged. come again soon. >> thank you. stuart: remember this lady, libby schaaf, oakland mayor, tipped off illegals that i.c.e. is coming. one congressman is proposing a bill that would jail officials that warn of i.c.e. raids. steve king is with us next hour.

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while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife. stuart: where are the democrats on ms 13? answer a wall. the left is actively protecting these violent gang members. they're not just looking the other way, they're insisting the feds look the other way. they are insisting on century. i will go into detail about the activities of the game, suffice it to say that torture, rape and murder are the stock in trade. i am interested in how they're characterized. what our society will do with them from president trump characterized him as animals.

media misled the public saying president trump categorized all illegal that way. that was deliberate and it was a lie. they railed against the use of the word animal. how shocking. publicly they think it's wrong to describe any human being in that way. the multimillionaire nancy pelosi was isolated from any contact with ms 13 insisted on their humanity, conveniently ignoring the ms 13 whose nickname is animal. i think the democrats are hanging their hat on support for illegals and now they are protecting gang members. i can't believe this gives them any electoral or moral advantage. so today, president trump visits long island new york. the national center of ms 13 activity. 40% of murders are treated to the gang there. yet again, the president is doing what he said he would do, deportation of ms 13 members -- year.

president said, as he was preparing for today's trip, when the ms 13 comes in, when other gang members come into this country, i refer to them as animals or guess what. i always will. what do you think? are you appalled at that? or are you cheering him on? the third hour of "varney and company" is about to begin. >> let's get straight to it. shane is on long island where the presence ms 13 event will be held. come on in. what is the president expected to say? >> he's looking to close some of the loopholes that allow the white house to allow some of these gang members to come into the country. this location is no accident. long island certainly is the center, the gang violence has

been associated with ms 13. the 40% number is in sussex county and all the murders going back from the beginning of 2016 to the middle of last year. here in nassau county where we are today there's an infamous advent where a young person, a teenager was beaten terribly and murdered in nassau county by the gang members. the president comes here again, he was here last july and as he comes here he comes with plenty of republican support. local congressman peter king will be here. we expect and donovan to be here, possibly chris collins although he wasn't on the list we just received from the white house. two local democrats are claiming they were not invited to the event. were talking about tom who represents the district in the democratic congresswoman from the neighboring district kathleen rice said she was not invited. i reached out to the white house and haven't heard back. one other thing, to your point about the president's comments he said they were taken out of context with the reference to animals but he said he was sorry about the ms 13 gang

members. there are protesters were begun together in the last few minutes to take exception with that, who disagree with that and think the president was painting all immigrants with a broad brush. they are setting up down the block to protest. that's just another thing to keep in mind. >> they're just wrong and confusing everyone. thank you so much. i'm sure we will hear from you throughout the day. >> president trump says he's talking to congressman kevin brady about a second round of tax cuts and he wants those tax cuts before november. joining us now is kevin brady himself. he is the head of a tax writing committee in the house. conversely, welcome back. always good to see you. i want to tell us, which tax cuts are being discussed? you told us previously that you're talking about making individual tax cut permanent. tell us about other taxes which you want to cut.

>> we are working very closely with the president on the timetable in the house. we will be consulting with the senate on what best policies and format and timing for them as well. look, you have to start with permanence because you can't overestimate the importance for growth and certainty. secondly were looking at how do we, we should never settle, but i always ask how we make our tax code more family-friendly and there i think we got some opportunities to help families save more in their lives and america just fell out of the top ten countries in the world for innovation. i want congress to look at how we encourage more innovation here in the united states so we can win that innovation race we are in with other countries. >> , family guy. which of my taxes are you going to think about cutting. >> with the permanence we give you that certainty. with mainstreet business the

same with retirement, were looking at are there some key incentives to help you save earlier and, as you know a lot of small and medium-size businesses, what more can we do to make sure there's good strong saving plans for you. >> are you talking about corporate sponsored pension plans like a 4o1k? at the moment you have to opt in. would you consider making it that you have to opt out? in other words, when i take a job at another corporation i'm automatically in their 4o1k and i have to ask to get out. would you make a wall like that. >> i do think we ought to look at that. here's why no one ever regrets saving early. most americans simply regret saving way too late. if we can get them in that savings mode earlier it will help them, it will help society and help their family. those are the types of

policies, i don't want to get a hold of my committee or our house republicans, those exact kind of progrowth areas are what were looking at. >> the exclusion for the estate tax is now $11 million. that sunsets in 2025. it's not permanent. are you considering making that $11 million exclusion permanent? >> yes. >> here's why. we have so many family-owned businesses and farms that now have peace of mind that they won't be caught up in the debt when a loved one passes away we ought to make that permanent because many of these are the businesses in family-owned farms that are so important to the fabric of america. i do think that ought to be included as well but again, i don't get ahead of our committee and our house republicans. >> is it realistic to get any of this done by november? >> i think it could. here some key issues, we want to make sure there are votes

on these issues, we think democrats should join us, they complain that the tax code made these tax cuts long-term but not permanent, here's a chance to step up with their words and actions. they too believe families don't have enough retirement savings to work with us as well-paid we think they ought to join and engage in the. >> congressman, always a pleasure. thank you for joining us. >> check the big board. we've gone down again. this is the low of the day. we are down 143 points and there's a lot of red amongst the dow 30. in fact, we've only got about seven of the dow stocks which are up. that's a loss of a half a percentage point on the dow. check the s&p. we have a similar loss? yes we do. it's down about .4% about the nasdaq. what is the loss there. just a third of 1%. the selloff in technology is not as bad as the selloff

elsewhere. this ten year treasury yield, baseline interest rates for mortgages, 3.02% as we speak. a couple individual stocks moving, we have apple very much in the news, down a dollar at 186, still up there against a 203 trillion-dollar company. look at facebook. again in the news as mark zuckerberg meets with the president of france. it's down just eight cents. we checked tech everything a day. all of them, facebook, amazon, apple and microsoft on the downside. last market that we check his oil, we are at 7155. jump in the amount of oil we've got in storage. that's why we've got a downside move in the price. still on oil, coming up, the man who says oil could hit $100. barrel. he is the former president of exxon. his name is jerry bailey and he's with us this hour.

with got a new poll in the governor's race. it shows gavin newsom first followed by antonio and john cox republican and travis allen, another republican. travis allen is with us this hour. i'm going to ask him are you dropping out? moving on to the republican primary, brian kent against casey cagle. next he is a trump guy and he joins us after this. mocha mocha local

governors race is highlighted a competitive night of primaries. first off president trump backed arkansas over hutchinson and easily held off a challenge from within his own party.

69 - 31. in texas she one an uphill battle against incumbent republican governor greg abbott. she has a tough row to hoe. stacy abrams, will she won the democrat primary in georgia, she could become the first female african-american governor in georgia ever. in the republican primary in georgia, tough on immigration brian cap moved into a july 24 runoff against casey cagle. he's the current lieutenant governor. nobody received 50% about so they have to have a runoff. joining us now is casey cagle. sir, i believe you are a flat out trump guy. is that your strategy for defeating brian come? >> obviously them very much a supporter of donald trump. he has been a great president and obviously the historic tax cut that he passed through washington d.c. and we did the same thing here in georgia,

$5.7 billion in tax cuts but we've had historic job growth as well, almost 700,000. we are the ninth largest economy in the nation. a lot of great things that are happening and i think the conservative fiscal principles that were putting in place are certainly paying off for georgia. >> so you are running on an economic message of prosperity, trump growth plan, let's get on with it. if you do make it to the general election, if you beat mr. camp, you will face the progressive candidate stacy abrams. you will be running against history. tough road. >> you're exactly right, and the polls that are out show that i'm the only person that can win in a november election. georgia is still very much a republican state, but we have to fight for it. as you know, the enthusiasm seems to be on their side right now and the reality is that everyone wants to see an economy that is growing, that

prosperity at existing good paying jobs are there, and we have that strong message that obviously reaches across party lines and we are excited about where we are but were also very focused on where we need to go in november. >> if you win the republican primary, you are the opponent of stacy abrams, it will be a true ideological battle because ms. abrams is well to the left. she is very well known as a progressive and i believe she received a significant support from bernie sanders. you on the other hand, your very much a free market prosperity kind of guy, it's an ideological battle written very clearly if you go through to fight ms. abrams. >> you are exactly right. that is exactly the matchup we want. when you look at what is happening across the country, and certainly in georgia, we have to have more able-bodied individuals that are back at work. we have to really declare war on this welfare mentality and i believe we can do that by

focusing our educational system that is aligned with industry needs and creating more training programs that give people the opportunity to get these high demand career fields that pay the 40, 50, $60000 year salary which is really good here in georgia. we look forward to showing how the rising tide that lifts all votes which really is the free market itself and not simply being dependent upon government which is more the mindset of the liberal democrat. >> thank you very much for being on the show. we hope to have you back at some point in the near future. thank you. >> were going to look at some individual stock. first up target, look back go down. five have%. they're blaming bad weather. that's a big drop. the other side of the coin is tiffany, upscale retailer very

strong sales growth in a huge stock market performance today. that stock is up 18%. $121. share. then there's this, 25000 las vegas casino workers voted to go on strike if they don't get a new five-year contract for the current contract expires may 31, they could walk the next day. the strike could cripple some of the city's biggest resources including caesar's palace and bellagio. volunteers brought in 10000 flags at the university of phoenix campus. this year's theme, fallen, not forgotten. it spelled out on the lawn using the flags. it's the ninth annual memorial day tribute at that college. those flags will be donated to local veteran symmetries. look at this. gas five dollars. gallon. that has appeared in america. can you take a wild guess which the city or which state

it appeared in? we will have their next. i'll give you a clue. it is not california. think about that. we will be back. ♪ ♪ ♪ ♪ ♪ ♪ your company is constantly evolving. and the decisions you make have far reaching implications. the right relationship with a corporate bank who understands your industry and your world can help you make well informed choices and stay ahead of opportunities. pnc brings you the resources of one of the nation's largest banks, and a local approach with a focus on customized insights. so you and your company are ready for today.

gas is going up again. the national average is $2.94, up just one penny from yesterday. now this. before the break we showed you a gas station sign five dollars gas. now we will show you where it is. come on in susan lee who is close to the sign emma where are you susan? >> i don't know is that heart of a quiz, to be honest. we are in midtown manhattan and yes midtown manhattan has the priciest real estate and virtually anything and most expensive real estate for gas stations across country. that's why you don't find many of them in new york city. when there's less supply, people are willing to pay up. we are seeing good traffic this morning. people are still willing to pay five dollars. gallon to fill up their gas tank. let's broaden out and look the

state averages. those in california are paying the highest across the country on average. three dollars. gallon. guess what, you're still paying less than you were ten years ago when the national average was $4.41. gallon. yes, that's not stopping people from heading out on memorial day this weekend. we're looking at 36 million trips being made. that's up 5% from last year in 2017. the reason for the gas price increases numerous. there's a strong global economy taking place, inventories have been down, opec is limiting supply and also we have geopolitical risks in iran with sanctions being reinstated in venezuela with their political situation. but, i would argue, and people would argue that at some point if you're paying more for gas something has to give. you might be cutting expenditures or consumption in

other parts your life and that might be hitting the retailers. you talk about target. target and macy's, maybe even amazon might be feeling it when people are shopping less as they have to pay more for gas. also restaurants, we know the foot traffic has been down the last few years. for traffic has been stalling or lower and with higher gas prices, left in your wallet, you might not be willing to spend so much eating out. something tells me it's not to sit well with you. you'll be a happy camper paying five dollars. gallon. >> but then again i'm gonna avoid the gas station like the plague. great report. thank you. back to president trump's event on long island. that's coming up next. we have the former sussex county executive who applauded ministration of aggressive take on ms 13. he also says the liberal media distorted the presidents animal comment. they tell us all about it, after this.

always so cute, aren't they. big smiles. check out the big board. we are down 111 points off the lows of the day. were still down triple digits. there's an awful lot of reds amongst the dow 30. got it. check the price of oil. edging away from $72. barrel. listen to this. our next guest says oil could hit $100. barrel. jerry is with the spirit he is the president of petra tech. welcome to the program. first off $100 a barrel. make your case. why? >> my cases, the volatility is so crazy in the oil business it's typically from the oil casino you might say, and there's so many geopolitical things going on happening in the world.

iran, venezuela and then the middle east is always bubbling as usual. i was on your show two years ago when i called the bottom that they are $29. you said how do you know this but i said i've been in this business a long time. >> i want to your studio that day and prices had been going up ever since. people think i'm smart. i'm not really smart. >> you made a good guess. when we had that? >> the best case i could think about. i'm not about my form on that. i bet we'll be seeing around 80 is more reasonable gas. upward from their, there's so many factors that are happening. your argument is predicated on real trouble with it ran in the middle east, some

violence, significant violence in the oil and or an embargo and venezuelan oil coming here. that's the predication. >> you are exactly right. you've got my story. let's don't frighten people and think it's going to be a hundred, but don't be surprised if it reached two half or three years ago. it's not out of the picture. >> with an accent like that, always trust your judgment about the price of oil. >> that's wrong. i'm from houston. >> i knew it. but i'm not from houston, by the way. you have built a new plant in utah, you will make dirty oil and tar sands oil clean. are you up and running? we will be in a couple weeks. we've already operated at a lower rate. were expanding four times the size so that's why i say we would still have a bigger plant in operation in a few weeks because we have large leases of what we call oilsands and is not the stuff like in canada that gives you a lot of water and sludge and terrible ponds. hours of waterless and are

mentally friendly process and i was skeptical at first when i joined the group. it works so we will take the sand, treated with our secret sauce, clean it up, put it back on the ground. >> is a refinery. >> no, it's just a small plant like, maybe 3000 square foot and it's just the physical separation using a solvent to literally take the oil out of the sand, the grease off the plate. >> are you expecting, should america expect not exactly a gusher of oil coming out utah but significant expansion? >> we are very environmentally energy friendly and they want to see things like that developer they have 55% of all the oil sand in the united states. that's just another source because that's heavier oil.

that's another source of oil and energy for the country. >> supposing oil goes down to $40. barrel, can you afford to run your plant. >> yes, we can do it for under $30, more like $25 a barrel. you can still make money that way. >> and you make a lot of money if it goes to a hundred. >> conventional oil can be 15 or $20. barrel to produce so it still, there's room to work. were just under $72 today. it will make money. >> petra tech energy. thank you. i will get back to president trump's events on long island this afternoon. it's all about ms 13. the president is going after him. turning us now is steve leavy. he's the suffolk county executive where the president

will be this afternoon. the president has said he has described ms 13 gang members as animals. would you call them animals? >> if you can say adolf hitler was an animal, charles manson, jeffrey dahmer, these thugs are animal but they will at least kill for food. these guys kill for fun and power and is just disgraceful how the media has purposely distorted his comments to make it sound as though it was all immigrants. it's a shame because it's distracting from the real success that president trump and jeff sessions have brought to long island in ridding ms 13 from our schools and neighborhood. we had 24 killings on long island because of ms 13. trump came in and said he was gonna do something about it, infiltrated the areas with surveillance and intelligence and it's down to practically

zero. you have to give credit where credit is due. >> i understand that the ms 13 gang members i have been deported have been deported when it runs into the thousands. last year, double the number of deportees compared to the previous year. that's accurate? >> there's been many more deportations and that's important because messages matter. when you send the message that were going to make it uncomfortable for you to be here everything changes. the unfortunate part is back in the obama administration the word got out, the message got out that you can come over as an unaccompanied minor, set foot on texas property and then you'll be redistributed. we had 8000 unaccompanied minors sent over to long island. they had no family, they become part of the ms 13 family. that coupled with suffolk county to stop cooperating with the feds allowed this

horrible gang to manifest. now, thanks to the intervention by the feds it's coming back down. >> so what you're doing this afternoon is celebrating a success on the part of the president. >> yes, but unfortunately there will be these illegal immigration lobbyist groups out there actually protesting the president. there's a sign that one of them had that said trump we don't want your kind here. how about a sign that says we don't want ms 13 here. it really is turned upside down. stuart: i want to show some video. 92 illegals were found in the back of that tractor-trailer 50 miles north of mexican border last night. 92 people crammed into that thing. you are looking at that, you've got a say it's important. >> it's important but it burns me to no end when you see liberal republicans to trying

to work with democrats to get doctor past without getting any of these as part of the bargain. we had perfect leverage. the democrats wanted doctor. that's the point where you say put up a wall, get more border security, impose e-verify and sanctuary cities if we had a united republican party to get there we would be a lot closer. stuart: dream on, but do dream. congress takes an act the financial regulations after the crash of oh eight. here are the regional banks that are the principal beneficiaries. they are down today because they'd run up so much in advance of the acts on dodd frank. the president of france, memo crohn's meeting with several leaders of america's big tech companies today. microsoft, facebook, ibm are among them.

what do they want? more tech startups in france and more investors in those startups in france. that's what he wants. the aclu says amazon's facial recognition technology is being used for government surveillance. they don't like it. we will deal with it. congressman steve king, the republican from iowa and he's a man who introduced a new bill called the libby shaft act were leaders of sanctuary city could get jail time for tipping off illegals. he is with us shortly. he will describe and make his case. but first, a new poll on the california governor's race. it shows gavin newsom first followed by antonio and john cox, the republican then comes john chang and travis allen. travis allen is going to be with us. i will ask him, why did you drop out. we will see what he says.

i'm nicole with your foxbusiness brief. loads of stock is jumping. it's having its largest increase. it's up about 10% in almost ten years. this is after the company came out the quarterly numbers. they expect sales to boom in the next quarter.

they are sticking to their four pack. it's the number three best performer in the s&p 500. the stock is jumping on all of this news despite missing the quarterly sales numbers. also optimism about ceo marvin allison coming in. he is coming from jcpenney but also was in charge of the big turnaround at home depot from 2002 to 2014. there are a lot of high hopes.

nfl owners will decide on a policy. they are considering handing out 815-yard penalty to any team whose players refuse to stand. other possibilities include finding players or keeping them in the locker room during the anthem. they've got a problem. our next guest introduced a new bill called the libby shaft act. under this bill, leaders of sanctuary cities could get jail time for tipping off illegals to immigration raids. you tip off ice, you could go to jail under this rule. turning us now is congressman steve king, republican from iowa. he offered the bill. great see you. how are you. is this constitutional? as i understand it, if i go out there and stand on the street corner and say watch out everybody, ice is coming,

under your belt, i go to prison. that a right. >> if you're a public official and you're charged with the public safety and you're in control of the police department and the security division within your city like california and you know you have to know there's a nice rate coming, if you send the warning out you are obstructing the function of justice and yes, you don't have any first amendment right to go out there and yell fire in a crowded theater and you don't have a first amendment right to chase the murderers out of the way of ice. >> i'm just going to roll some tape from judge napolitano because we put this question to him yesterday. i want to roll tape. >> under the statute, if i'm on a street corner and i see ice coming and i want some people up the block, i could be prosecuted for that speech. come on. this is america. i was repeating his comment from yesterday. but look, the bottom line is,

we do have the freedom to speak, and that speech would be interfered with by your bill. if a public official hid illegals in the basement from an ice raid, that would be illegal, but your bill seems that you're interfering with free speech. your response. >> i would argue that the judge is an entertaining personality but is not a public official. i don't think he's covered by this bill at all, but public officials are and their function of obstructing justice is well defined in this bill. if you harbor someone in your basement to hide them from ice, that violates the law. if you use your position as a public official in a blanket form to help hundreds avoid the law, that's clearly obstruction of justice, and i don't this whatever make its way to the supreme court, but if it did, they would check this thing out and conclude

that public officials do not have a right to undermine the supreme law of the land which is federal law. >> mass, are you doing this to make a point? because you are making a point, or are you doing it because you think you're going to get this through our congress? >> stewart, when i saw the event with libby shaft out there in oakland, it's revolting to think that a public official would conduct themselves in that fashion, to endanger not only the ice agents but every law-enforcement agent has to go round them up "after words" and the people in oakland which is the tenth most dangerous city in the country. i went through the instruction of justice statute and there's about 15 different components. i found a couple that might apply, strong prosecutor might apply but i didn't think it spoke directly to what she had done. that's why i wrote the bill and i think we can pass it off the florida house. the senate is always another question. stuart: speaker ryan would have to okay bringing your bill to the floor for a vote. i doubt he will do it.

>> why? it makes so much sense. i just have to make it clear to paul ryan. >> because i think you're an opponent of paul ryan and i don't think you want him as speaker all the way through till the end of january, am i right? >> have taken this position. i have a good personal relationship with paul ryan. i sat down with him this week one-on-one with no staff in the room and there was laughter and good cheer and a good conversation. it's always constructive. i certificates hard for any speaker to become lame-duck and then walk through the selection all the way to january. i haven't come out against him at all, but i just gets going to be hard for him to hang onto that gavel because of the political dynamics that exist. >> if speaker ryan puts your bill to a floor vote we would love to hear about it. please come on back, always good to see you. thank you very much. >> were going to check some various markets. we'll start with the price of gold. virtually unchanged. it's right around $1300. ounce. how about that coin?

still dropped below $8000, $7701. that's the value of your big line as of now. travis allen, currently pulling in fifth place in the california governor's race, the top two in the june 5 primary make it through to the general, just the top two regardless of party. i'm going to ask him, should he drop out and support the other republican candidates? travis allen is next. our phones are more than just phones.

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california, a poll on this this morning on the governor's race and it shows gavin newsom first and antonio and john cox in a virtual tie for second. then comes john chang and travis allen right behind them. travis is on the phone with us. travis allen is joining us as of right now. sir, you are in fifth place. if you were to drop out, that

would give a great deal of support to john cox who could be one of the top two so you would have a republican in the final race. why don't you drop out? >> john cox from chicago, he's a failed politician that lost the race even the county clerk recorder's race when you run in illinois would love that. i gotta tell you, what you're looking at right there stewart is false news. this is completely fake. it's a poll from the other new york times. it only surveyed 800 californians of which only 517 were likely voters. at the spread the polling sample was from april 18 to may 18. it was a 30 day poll. these numbers are complete garbage. our internal polling actually shows us one point up in a strong second-place productivity what you are seeing right there does not reflect reality. much like an 2013 when hillary thought she had the presidential race. >> i know you are a chump guy. that could be a liability with

many california voters, couldn' couldn't. >> actually, i think it's a huge plus. you take a look, i'm the only candidate in the race that voted for support and wrote out beds in favor of the republican nominee is donald j talk trump are the guy who is running against me was never troubled. he supported gary johnson who believes in open borders, legalize drugs and prostitution and yes he is pro-choice as well. this is the problem. california's trump voters actually know there are more of us than there are democrats that will show up. jerry brown got $4.3 million to be elected governor. donald trump just got 4.4 million votes in california. we can win just by turning out the trump voters in the disaffected democrats. by the way, i'm the only candidate in the race that's endorsed by the california for trump and those to make america great again. have half a million supporters and we actually have momentum.

what is your main thrust? anti- gas tax anti- century states? is that it. >> actually right on both counts but i was the original author of the repeal of the gas tax. it will be on the november ballot. i let this fight against the illegal century state. i was the first one to write legislation last year to defund every century city in california and this year i was on fox news and called trump and sessions to california to sue california which they just did. you've heard of the movement where the cities are now opting out across california. that started in my own district with my own town of los alamitos. we are on the forefront of the fight to reverse the illegal things were a state in california. stuart: travis allen, we appreciate you being here. we hope you can come back on the show before the primary

and before the general. travis allen, things are being with us. i appreciate it. >> you bet. watch those bowls. stuart: i promise i will. more "varney" after this. jardiance asked: when it comes to managing your type 2 diabetes, what matters to you? you got a1c, heart, diet, and exercise. slide 'em up or slide 'em down. so let's see. for most of you, it's lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke.

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man: ask your doctor about jardiance and get to the heart of what matters. stuart: at 9:20 this morning the president tweeted this. there will be big news coming soon for our great american auto workers. after many decade of losing your jobs to other countries you have waited long enough. now that was 20 past 9:00. now almost 12 noon. i haven't seen any announcement yet. ashley: we've been looking. stuart: we know china formally dropped tariff on imported cars. liz: 15%. ashley: something overseas coming back home? liz: he is working on nafta,

fuel efficiency standards, changing them and lowering them from the obama years. stuart: maybe they'll will be it. sofar no formal announcement for american auto workers. we're off 141 points. my time is up. neil, sir, it is yours. neil: what happens if the whatever the chinese do for everybody, they lower tariffs, taxes for everybody, is that exclusive advantage for us? stuart: i don't think, if you lower the tariff on imported cars, that is not a great advantage for america because gm makes its cars in china. good for the germans. it is good more mercedes and porsche, who suffer. your makers. neil: my makers. stuart: you drive a bentley, i'm sorry. you have been looking at bentley bentaga, i know you have, neil. neil: do you know what you're driving from the back seat. great seeing you. i love these little moments we get together. to