tv Varney Company FOX Business June 1, 2018 9:00am-12:00pm EDT
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maria: have a great weekend, everybody, stu. stuart: i'll take it, maria, and good morning to you. it's like the news builds up throughout the week. when friday rolls around, it explodes. [laughter] here we go. let's start with jobs. this was a strong report. 223,000 jobs, and the jobless rate dropped to 3.8%, black unemployment all the way down to 5.9, historic low. 281,000 people came out of unemployment, moved back to the work force. bottom line, the economy is performing very well. looks like that to me. plenty of jobs, wages going up. left-hand side of your screen, the market's reaction. we're going up 150, 160 points on the dow, 15 on the s&p, 33 on
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the nasdaq. across the board it's a rally. spain's prime minister forced out of office. no market reaction. go figure. there's a trade standoff with europe, canada, mexico. no market reaction today at least, go figure. looks like a big up day on the back of a strong economy. now this: samantha bee, she received an award last night from the tv academy because her show pushes for social change. can you believe that? she used a vile obscenity about the president's daughter. she keeps her job and gets an award. here's my take on this: fire her, now, please. it's friday. we've got a big show for you. larry kudlow will sort out the trade mess, and we have a market rally. "varney & company" about to begin. ♪ ♪
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stuart: we'll start with this, president trump, here's the presidential tweet first thing this morning. why aren't they firing no-talent sam that bee for the horrible language used -- samantha bee for the horrible language used on her show? yes, i promise you, ladies and gentlemen, more on that throughout the next three hours. [laughter] switching gears to that wonderful -- ah, it's not wonderful, it was a solid jobs report. economist john lonski is with us now. okay, i'm calling it a very solid report. how about you? >> i agree with you. the economy's all about growth, and this report indicates the u.s. committee economy will grow rapidly enough to move that unemployment rate lower, increase consumer confidence and provide, you know, a boost to consumer spending. stuart: to move it lower, it's now 3.8%, you want to move it down, you've got to bring a whole lot of people either out of retirement, off the
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sidelines -- >> you know, we look at the labor force participation rate for those people between 25-54 years of age, and that right now is still two percentage points lower than it usually is at this stage of an economic recovery. so there's a lot of people that are relatively young, not even close to retiring, that can be brought into the work force and extend this economic recovery. stuart: that's pretty strong stuff, isn't it? okay, i'm sure you've seen this. there's several economists, prom innocent economists on wall street -- prominent economists on wall street who are saying in the second quarter we'll hit an annualized 4% growth rate for the economy. what say you? >> not out of the question. that's mostly because we've had back to back, strong monthly readings on real consumer spending, march and april. if this continues in may and june, we'll easily hit 4 percent real gdp growth, but it's up to the consumer. the consumer was quiet at the start of the year, perhaps the consumer is now beginning to respond to improved job
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prospects as well as faster income growth. stuart: gotta ask you about trade. specifically, peter navarro, hard-line trade guy writing in the "usa today," he's basically saying that he kind of likes these tariffs that we just imposed, that it protects our steel and our manufacturing industries. he likes it, and e has no problem if it stays. what say you to that? >> for the near term, the biggest risk factor isn't italy, it's not europe, it's trade. we don't want a trade war. we don't want to impede, choke off this economic upturn. stuart: yeah, but does it worry you? a dark cloud? >> i think that the officials in washington on this matter will come to their senses if tariffs begin to hurt economic activity. if it becomes a political risk, if it becomes a too costly politically, they'll probably change course. let me say this, right now the average industrial metals price
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is up by 3%, but that's excluding steel. if i could look at steel, the price of steel for the year to date is up 43%. we also have some lumber tariffs, lumber prices are up 34%. that's not helping users of steel and lumber. stuart: you're a bull everybody guy, you're -- bullish guy, but i take it that trade, protectionism of as some call it, is your biggest dark cloud on the horizon. is it? >> without question. stuart: not the feds, not europe -- >> no, it's not interest rates. today we see interest rates are well behaved despite a better than expected employment report. this is almost a situation where if it goes wrong, we've shot ourselves in the foot. stuart: this morning we're up 185 points on futures, we're going to open strong at 9:30. where are we going for the dow? >> i think by the end of the year we could easily go up 7.5-10%. from where we are -- i believe
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if we go up 9% from where we were yesterday, that would just bring us back to the record high of january 26th. stuart: okay. fine way to start a friday morning, young man. we'll take that. john lonski, thank you, sir. okay, look, i've got to get back to the samantha bee nonsense. doesn't seem to be -- she doesn't seem to be that sorry for what she said about ivanka trump. larry o'connor is with us with the washington times. big picture, larry, what on earth is going on with our public discourse in america when this woman does this? >> yeah, it's funny. they blamed president trump, of course, for creating this climate of absolutely fairty, but if you look at -- vulgarity, but if you look at the left, they've become everything they hate about him and then some times one hundred. lost in the shuffle of samantha bee's vile use of that abhorrent word that we just can't repeat here is also the suggestion in that monologue that ivanka trump is in some bizarre incestuous
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relationship with her father. she still keeps her job, stuart. stuart: i just get the impression that if you're on the left, you can say just about anything you like, certainly about president trump, and you can get away with it with a modest slap on the wrist. that's all that happens -- >> that's the impression. stuart: you're on the right, you're dead, you're finished forever. >> that seems to be the impression. it's this underlying feeling that there isn't equal justice here. if you're on the correct side of the important issues like gun control or abortion, yeah, you get a pass. you get to pretend that you're sorry. she put out an unequivocal apology, and hours later she was receiving an award, and she didn't sound regretful. she was indug significant, she was defiant -- indignant, she was defiant, she's not sorry. being on the left means you never have to pay the price. >> filmmaker michael moore tweeted out that he thought
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samantha bee's routine was brilliant against -- stuart: and sally field has double down as well. last word to you, larry. >> listen, i understand your impulse to say fire her now, i do, i get that. my principles tell metahow about we have a free -- me that how about we have a free market of ideas, let everyone say what they want, if it's abhorrent, if it's offensive, if you disgust your audience, you're going to be out of work eventually anyway. let's not start firing everybody and throwing spears at each other. stuart: the voice of reason on a friday morning, larry -- >> i don't think i've ever been called that before, stuart. [laughter] stuart: thank you, larry. >> have a good weekend. stuart: let's get back to that market. look at it now, please. futures show a gain of just under 200 points right there at the opening bell. big gains for the s&p and nasdaq as well. autoweek reports that fiat chrysler could kill off the chrysler brand as early as today.
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1% down for the stock. google's wamo is adding 62,000 chrysler minivans to its self-driving fleet. full disclosure, i have a chrysler minivan. i do all the driving myself, no robots involved. ashley: 1988, the year on that van. [laughter] stuart: stop it. abercrombie & fitch, the stock is up 2.7% there, modest gain. it is a very big day for your money, and we have a big guest to cover it for you, larry kudlow, president trump's top economic adviser. he's on this show later this hour. we're talking jobs, yes, we're talking trade and tariffs. does he think we'll get 4% growth this quarter? we will ask him. look at this, wild scene from the volcano zone in hawaii. a man pulls a gun on his neighbor. we'll tell you what happens next. you won't believe this. hawaii.
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politics, a top north korean official meeting with secretary of state mike pompeo to hand deliver a letter direct from kim jong un to president trump today. mike pompeo says progress is being made. and we have a winner at the national spelling bee, an eighth grader or from texas taking the top spot. [laughter] can you spell the winning word? we will spell it for you after this. [music playing] (vo) from day one, we always came through for our customers. it's how we earned your trust. until... we lost it. today, we're renewing our commitment to you. fixing what went wrong. and ending product sales goals for branch bankers. so we can focus on your satisfaction. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018.
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stuart: i'll get it right, yeah? elizabeth: you're doing great. it is terrific. stuart: it is defined as christian fellowship or body of believers. an eighth grader from texas got it right, it was his first time competing. he wins $40,000 cash and a $2500 cash bond. ashley: they still have encyclopedias? what? [laughter] stuart: right. it's called the internet. to the volcano zone in hawaii, a resident there pulled a gun on his neighbor. watch this. [inaudible conversations] [gunfire] >> are you kidding he? >> oh, my god, stop. >> are you kidding me? you get out of here! we live here -- >> we live here. >> oh, my god. stop, stop. >> it's come to that. tell me what happened,.
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ashley: he fired a shot into the sky, he saw 32-year-old ethan edwards there, and he thought it was one of these people coming into the neighborhood wanting to see the lava on their property, had no business being there. it the turns out edwards did live there and was checking on his property. he has been arrested, the elderly gentleman only 61, he's been arrested and is jail on assault. what hawaiian officials are saying, this just shows you the level of stress and the tension right now as literally people are seeing their houses disappear under the lava. there's no excuse for this, but there is other incidents of people getting very, very uptight. if people believe you're a stranger in the neighborhood, they're going to come to you and say get the hell out of you. that was the extreme, with a gun. stuart: i'll say. ashley: but look, this lava -- what's amazing to me, how on earth did they okay zoning a subdivision this close to a very active volcano and has been for
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35 years? it's a sad thing to watch. stuart: decades ago, they did that. ashley: yes. and here's what you get. stuart: fair point. i'm going to move on, but i'm sure we'll be seeing later in the show. later today north korea's top diplomat will hand deliver a letter direct from kim jong un, north korea's leader, it'll go directly to the hands of president trump. big deal. it's a letter written down. we don't know what's in it, written down. congressman martha mcsally, republican of arizona, is joining us now. you led a bipartisan congressional delegation to the dmz. do you think we're going to get this summit on june 12th? >> well, i think we're moving in a positive direction thanks to president trump's leadership. look, kim jong un was playing games with him, and he appropriately called it off. now it looks like there's positive progress. and, look, i'm so proud having been over there and talked to our troops and military leaders,
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they are ready to fight tonight if necessary, and i think that deterrent effect that it could be so painful to kim jong un should he go on a different path is giving an opening here from president trump. stuart: having been there and having seen both sides, you've witnessed south korea, our military, the standoff at the dmz, at the end of the day -- and i don't know when that would be -- do you think it's possible, is this a remote possibility that we end up with a truly denuclearizedded north korea? what do you think? >> well, i do think there's a historic opening. we've seen them play games in the past where they made overtures like this, but in the end they continued on their belligerent path. again, because of the maximum pressure campaign and the cost to north korea should they continue down this path, we cannot have an american city held hostage with a nuclear weapon, and president trump isn't going to allow it. so there's an opportunity, there is certainly one for them to go in that direction. i asked every single person we
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met with to include south korean leaders, i couldn't figure out what's in it for kim. if his country dose on a path of -- goes on a path of prosperity and openness, what's in it -- i know what's in it for them, but what's in it for him? i think it's because of him realizing the consequences now that president trump is serious, our military is ready, we are far more sophisticated and capable than his is that it could be so painful for him that he needs to change his course. we'll keep using diplomatic, economic and military pressure, but this is an opportunity we've not seen in the our lifetime. stuart: tell me about south koreans themselves. i understand there's a split between older south koreans who remember the distant past and what the kim regime, the north korean regime has been doing, but younger south south koreanse not so hostile to kim jong un. is that an accurate statement? >> yeah, i think so. their military is incred by capable, the alliance is very
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strong. we are closely integrated in order to be able to defend the peninsula, but there's definitely this feeling of hope from the feeling in south korea. i think definitely the younger generation. but they've got on the dmz a train station that is fully operational, manned and ready to go should there be an opportunity tomorrow for them to start having commerce and travel to the north. they literally man it and the feeling of hope that maybe something will change. again, we've got to make sure that the hope is not empty, that it doesn't -- we're not making decisions based on emotion because the threat is still very, very real. but they were even using, south korean leaders were using an acronym, cvid, the complete, verifiable, irreversible denuclearization of the peninsula. those are the words out of the trump administration, they've turned it into something they say every day now. stuart: cvid, i'll remember that one. martha mcsally, thanks for
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joining us. back to that market, it's friday morning, we're wrapping up the week. i have no clue how we close, of course, but we will be up triple digits right from the get go this morning. spain's prime minister forced out of office, he's going to be replaced by a socialist. no impact on our markets, how about that? mgx minerals' disruptive technology can extract lithium -
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stuart: in italy, conti is going to head the populist government. in spain the prime minister forced out of office. john lonski still with us. you've got to explain something to me here. in italy the populist ares are going to form a government, their leaders are talking economic nonsense. in spain a socialist is going to run the country, he's going to start spending money. [laughter] that's what they're going to do. will the events over there hurt me and our stock market over here? >> probably not. [laughter] our banks don't have much exposure to european government debt as they did years ago, so i would think this is going to play out like 2011 when we had these problems with greece, and our markets really took a big hit, you know? equities were down sharply, interest rates for corporate bonds jumped. but in the end, there was no damage done to the u.s. economy.
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stuart: thank you, lonski. that's what i wanted, a straight answer, look at that. [laughter] breaking news, ford motor company just received their sales numbers. this is month over month. they were up .7%. that suggests some strength in the economy in the second quarter of the year. the president just tweeting this about trade, here we go: qanta has treated our agricultural business and farmers very poorly for a very long period of time. highly restrictive on trade. they must open their market and take down their trade barriers. they report a really high surplus on trade with us, do timber and lumber in u.s.? that's the president tweeting moments ago. has that had any impact on the market yet? let's have a look are. futures right now show a gain of 185 points for the dow industrials. now granted, the president's trade tweet only just came out. i think, literally, a minute ago. so maybe the market's not had
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time to digest it. i don't know how it'll play out when the market opens, but the president did just tweet that. up 180, and we'll take you to wall street for that opening bell after this. brighthouse financial allow you to take advantage of growth opportunities... with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield annuities from brighthouse financial- established by metlife. where we're changing withs? contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. same thing with any dent or dings on this truck. they all got a story about what happened to 'em.
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we're wrapping up the week. it is, after all, friday morning. we've been up and down like a roller coaster all week long. i'll tell you now, in ten seconds this market opens sharply higher, futures indicate a gain of about 190 points. here we go. bang, it's 9:30 eastern time, we are off and we are running. right from the start is, we're up 162 points, 164 points. okay, i'm going to leaf it at that with -- leave it at that with 28 of the dow 30 on the upside. they're in the green. this is an upside move to start this friday morning. we're up two-thirds of 1%. how about the s&p 500? the gain there is about the same, .58% there, on the upside. and the nasdaq, there's the key. same story, up two-thirds of 1%. so we've got a strong gain all across the board. ten-year treasury bearing in mind a strong jobs report, we're at 2.90%.
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how about the price of oil? we were about $67 yesterday, with we've dropped, now we're down at $66 a barrel. microsoft, where did that open this morning? 99.31, closing in on $100 a share. if it hits that mark, you should see the celebration. [laughter] who's with me? it's liz mcdonald, it's ashley webster, jeff sica and david barnson is. jeff sica, i say the jobs report was strong, what say you in. >> excellent report. and the main reason was the focus was on wage growth. wage growth was strong, now investors have to start asking the question how does this affect be interest rate policy. stuart: okay. is this market up right now in part because of a strong jobs report? >> absolutely. and i think it's going to continue to move up on it. stuart: the tariff announcement took stocks lowerrer yesterday. david barnson, what do you make of this trade dispute that's heating up? >> listen, i don't think the
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president has too many people that are bigger defenders of his tax policy and deregulation than i am. i'm free market conservative who loves what he's doing, and this trade area is just the one thing i have to take exception to. this particular one is particularly bad -- stuart: why isn't it a factor on the market this morningsome is. >> well, it wouldn't be on the broader market for this reason, because first of all the market priced a lot of tariff volatility for tree months, add -- three months. so volatility's there, but at this point i think the market has learned that the president is negotiating and talking and bantering. he changes his mind. they can't go price in a full trade war because they have every reason to believe a full trade war won't happen. stuart: it's a moving target. >> that's not good for markets, but it is why the market doesn't go straight down. elizabeth: we're staged for a bull run, here's why: the jobs report is so positive in a variety of ways, it's coming in before the tax cuts take full
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effect, there's a shrinking pool of available workers for businesses to hire, that's causing wages to go up. as wages go up, consumer spending goes up, and the economy goes up. you could see 4% growth. stuart: whoa. ashley: i think the most impressive thing, it's broad-based. it's not one industry that's dragging everyone else along. retail even, up 31,000. it's broad-based, and that's very good. stuart: let's get back to this growth in the economy in this current quarter. i see a lot of economists raising their forecasts, some of them saying between april and june, the current second quarter, we grow at a 4% annualized rate. sica, are you going to pour -- [laughter] >> first of all, have i become the guy that pours cold water? [laughter] i don't want to be that guy. but the truth is, yes, i believe we're going to get the 4% growth, i think it's pretty obvious we're going to get it.
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i think the tax cuts have been a good, good part of it. but we also have to look at some of the concerns on the horizonnen with some of this geopolitical tension we're dealing with which could affect growth. stuart all right. it is friday morning, four minutes into the trading session. we are up now close to 200 points. please remember we were down 250 yesterday. we're back up 188 as of right now. couple of individual stocks, here we go. costco, price cuts and freight costs hitting its bottom line. it did announce though that it's going to raise its starting wage to $14 an hour. not much of a reaction on the market, it's down about 1%. ulta beauty, sales lukewarm compared to this time last year. that's not good enough, we're down 3%. abercrombie & fitch, better sales. this is good news, but the stock is down 7%. what happened? look at microsoft. truly in record territory.
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99.48. so here's my question to barnson, here's where he decides whether he stays on the show or leaves forever. [laughter] which company will be the first to acquire a value of a trillion dollars, microsoft which has to go to 130, or apple which has to go to 203? >> i actually think it will be microsoft, and the reason for this is this cloud investment. i think they have a more coiled-up lever that will add to market capitalization whereas apple the ability to move the needle in their market cap is still, at the end of the day, so restricted to the phone dice we all hold on to -- device we all hold on to. stuart: ah, david, you're all right. >> do i get to stay? stuart: you stay, in fact, you can anchor the show. >> i'll talk about gdp next. stuart: you just couldn't take the pay cut. [laughter] look at netflix, near a record high, a couple of points away from a record high. 353.95 on netflix.
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too expensive for you, jeffsome is. >> i've never poured water on netflix. at this point they are the king of content. they are the most valuable media company in the world right now, but i would say, yes, it's too expensive. they're going to continue to execute on streaming, they're going to continue to grow their subscriber base, but keep in mind you have disney who's going to go full speed into streaming. they're going to have competition, and they're going to have to keep up with that competition. it's costing them more money for content than it ever has. but as i've said about netflix before, netflix is -- they are innovators, and they will figure out how to do this. but for now it is at an interim high, i wouldn't touch the stock. >> the stock is trading at $350, what its pe is. stuart: that's something. top line of your screen, left-hand side, amazon, 1640, up $11 today. that's another all-time high. what stops 'em? i mean, this is, i think, three
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or four days running they've hit an all-time high. what stops them, david? >> this one is cheap compared to netflix, but what stops high prices is high prices which, of course, is usually what stops low prices too. gets low enough, it has to reverse. this is a momentum play, it's not what we do. i would never dare call a top on amazon because anyone who has has left in tears, but there's no way i'd buy this valuation. >> amazon has to invest a lot of money in the coming year in fulfillment centers, he was to build more fulfillment centers, that will cost them money. jeff bezos will begin to talk about that. that will have an effect. but outside of that there's nothing that's going to stop amazon except an overall market event. stuart: you know, we have an amazon story every single day, and recently we've had a walmart story just about every single day. here's today's offering. they're launching an order by text service. obviously, to compete with amazon prime.
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walmart, though, is at $83 a share, way below the high which i think was about 103. elizabeth: yeah. this sounds like a great idea, but it costs $50 a month, and it's only launching in night. -- in new york city. >> too much. >> and they are putting some artificial intelligence in this product to get consumers to know that they're out of a certain product. i think they're going to have some logistical problems with that, and i think it's an attempt for walmart to capture some of the amazon prime customers, but i think it's going to come up short. ashley: they're spending billions, they have to be aggressive, they just bought this logistics company out of the u.k. to help them, but $50 a month is too much. stuart: i think you're right. david and jeff, actually, your going to -- you're going to stay
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stuart: all right, we're off, we're rung on a friday morning, and we are going higher, close to 200 points. yeah, there you go, 201 points for the dow. .8% straight up. to vegas. right now we understand there is a deal between casino workers and caesar's, don't yet have a deal with mgm, but caesar's, there is a deal. jeff flock, what is the deal they've got?
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>> reporter: yeah. overnight reached a five-year deal, and we're at caesar's palace itself right now, but it's not just -- look at this. isn't it massive, stuart? look at that. it's not just caesar's pal hayes, it's nine -- palace, it's nine total ca casinos. paris down there, that's settled. right across the street here, that's the flamingo. that is settled. five-year deal that affects about 12,000 workers, but that then puts the pressure on the guys at mgm, and that's the mirage, for example, over there. maybe you see it, that's the mirage. they have not settled. so if your competitors are in and you're not, that potentially is a problem. 50,000 total workers were potentially affected. we've now taken 12,000 of them off the board. they say they're going to continue to talk, but they're also going to continue today at 10:00 local -- that's 1:00 your time -- they will start a strike headquarters or where they're going to be making signs and still threatening out there. so we'll see.
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stuart: all right, jeff, i'm sure you'll be in vegas all day long. [laughter] keep your money in your pocket. >> reporter: sadly. stuart: now we have autoweek, they report that fiat chrysler could kill off the chrysler brand as early as today. liz, first of all, what's this all about? elizabeth: well, it's about getting rid of small cars. people want bigger trucks and suvs. that's what people are buying. >> i think it's a consumer brand-driven decision. stuart: really? it surprises me getting rid of cars. >> also chrysler has not rolled out a new model in ten years. their best luxury call which was the chrysler 300 is over a decade old now. so they haven't, they haven't brought anything on line, so it only makes sense that he spins them off. ashley: on the other side of the coin, you've got to look at ford and those f series trucks which have been their, you know, cash cows. in the month just gone by, in the month of may 2018, it was up 11%, that's the best may ford
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has had for the these trucks since 2000, that's 18 years. so no matter what you say, people continue to love to ride high on those big f series trucks just like our own stuart varney. stuart: where does this leave me? i own and drive a ford f-150, i also own and drive a chrysler town and country van. 99. [laughter] elizabeth: you could put it on ebay soon. stuart: it won't be a chrysler town and country, will it? it can't be. another one for you, a google search showed naziism as a california republican party ideology. google -- elizabeth: there have been hacks. it could have happened. open to that idea. [laughter] stuart: rep paired response -- tepid response there. you don't want to say yeah. elizabeth: is it sill cob valley going after finish silicon
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valuety going after conservatives again? stuart: the "wall street journal" reports that facebook is close to announcing the first crop of news shows for its video platform. two billion monthly users. they've got a news service, do you think i could be on it? elizabeth: hopefully. stuart: not a prayer. elizabeth elizabeth we hope. there's always hope. stuart: it'll be skew left, won't it? >> no. stuart: what did you say? >> no, it's not necessarily going to be skewed left. they are going to put shows from various, different news sources like fox on, so you've got -- you'd be great, you'd be a star. but the reality of it is that -- [laughter] because you have a whole demographic of people that are on facebook for way longer than they watch tv. it only makes sense that this is available. elizabeth: you could be a missionary on facebook. [laughter] >> a star on facebook. stuart: all right. gotta wrap this up.
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look at the dow, please. look at in this. we're 15 minutes up, and we're up 226 points. that's almost 1 percent. and left-hand side of your screen, radio listeners, listen to this: 29 of the dow 30 are up. ashley: ge in the red. stuart: thank you. the one little corner of red right there, the one down stock amongst the dow 30. 224 higher. next, larry kudlow live from the white house talking trade and economy. we will be back with larry after this. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated.
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stuart: 20 minutes in on a friday morning, and we're still pretty close to the high of the day, we're up 221 points for the dow industrials. look at the ford motor company. news there. the f series trucks, sales up 11% in the month of may, their best may results for those trucks -- that's their best selling vehicle -- since 2001. the stock is up 1.5%. a sidebar for a second, we've got a big food service company that is banning plastic straws. now, liz, i know you approve of this, so why don't you tell us who's doing it and why. elizabeth: bon appetit
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management, they produce food and things to vassar college, washington university, a thousand locations in 33 states. here is why -- [laughter] stuart: it's wickedness. elizabeth: no, it's not. here's why, there's acres and acres of blast ec polluting the ocean -- plastic polluting the ocean. when human beings eat seafood, we pick up that pollution, lead and mercury, in our bodies, and it's killing sea life around the world. there's whole acres and miles of plastic in the ocean right now -- ashley: you know what, stu? you're outnumbered here, because i'm with lizzie. stuart: you are? be. ashley: 2-1. do we really need i straws anymore? stuart: have you ever drunk a milkshake? elizabeth: paper straws. stuart: what percentage of this plastic in the ocean is plastic straws? elizabeth: a lot. [laughter] the world economic forum says finish wait, wait.
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the weight of plastic in the ocean will exceed that of all of fish in the sea by 2050. that's bad. that's not good -- ashley: bottom line, stu, if you don't like it, quote, you're going to have to suck it up. stuart: oh! do we have larry kudlow with us yet? not quite. we're lining him up this front of the camera. okay. so i've got to look at the market briefly. why not, good lord, it's up 230 points. please remember we were down 251 yet yesterday, and in the first 22 minutes this morning, we're back up 233 as we speak. ashley: we have a good jobs report, solid jobs report. italy and spain just resolving whatever, you know, what that was that roiled the markets earlier this week. now all's good there. i think bottom line is the market's saying u.s. economy is humming along or very nicely, thank you very much. elizabeth: right. and the positives, the jobless rate the lowest in half a century. and the all-in rate, the
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u6 rate which includes part time for economic reasons, 7.6%, the lowest in 18 years. stuart: oh, let me add to that, the rate for african-american unemployment is at 5.9%. it has never been that low ever in the records that we keep in our country. 5.9%. ashley: will mr. trump get credit for that? stuart: some, he will. elizabeth: before tax cuts fully take effect. stuart: that's right. look, we're in the second quarter of the year. look to me like we're going to have very strong growth with a jobs report like that and other reports that have seeped through, looks like we could get to a 4% growth rate this quarter. ashley: lizzie's absolutely right, those tax cuts won't take off spool the second half of the year. it's going to come, and when i it does, you'll see that gdp number be juiced up. stuart: wages up 2.7%
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year-over-year. that's pretty strong, i would say. elizabeth: you know, we're in a real boom period when you hear that businesses cannot find qualified worker, they're struggling to find those workers, so they're raising wages to get those workers in the door. that means better consumer spending, that means the gdp number goes up because the majority of gdp is consumer spending. stuart: do we have mr. kudlow with us? not yet, not yet. for the benefit of our viewers, mr. kudlow, chief economic adviser to the president, is walking slowly towards our camera. he's walking away from the camera which he used to be interviewed by our competition. and they asked him absolutely nonsense questions. [laughter] we won't. we'll stick right there with trade and the strength of the economy. ashley: yes. stuart: he's going slowly to the microphone as we speak. tim phillips is with us, and i want to ask you about this current quarter, the second quarter of the year. you know, it could be a 4% annualized growth
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rate. what say you? >> it's an exciting time in the trump administration. they deserve a lot of credit, stuart, the tax cuts and tax reforms, getting rid of the regulation and red tape across board or is freeing up job creators in this country again. that's why these tariffs are such a bad idea. they can undermine what is clearly an emerging, beginning-to-boom economy. that's why they're so bad, and we're urging the administration -- hopefully, larry knows better. he knows better. stuart: you wanted to get your two cents' in. >> he does know better. he's talked about how they're a tax increase on consumers, how it's picking winners and losers, choosing this industry or that industry for a end benefit. that's not the way to economic prosperity. stuart: but, tim, you cannot say that the tariffs announced today will be there in a week's time or or a month's time. you can't say that because this is -- there's lots of moving
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parts here. the negotiations proceed, and you can't say what we've got now is the way it's going to be forever. can't say that. >> we were told it was only going to be china, remember those days? stuart: yep. >> now they're talking about the united kingdom and canada and mexico. these trade wars take on a life of their own, stuart, and they're a bad idea. again, this is a $13 trillion, complex economy. the idea that three or four bureaucrats or politicians in washington can laser beam and pick industries and specific folks as winners and losers in these tariff wars, it doesn't work that way. we know that. that's not economic freedom, and it's not the way to economic prosperity. stuart: we hear you, tim, hold on a second because mr. kudlow has approached our camera, and i'm going to start with this. president trump, now, he tweeted first thing this morning on trade, and here is that tweet. canada has treated our agricultural business and farmers very poorly for a very long period of time, highly restrictive on trade. they must open their markets and take down their trade barriers.
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they report a really high surplus on trade with us. do timber and lumber in u.s.? that's the president's tweet. and here is larry kudlow, national economic council director. larry, great to see you, sir. welcome to the show. >> thank you, stu. appreciate it. stuart: i'm looking at a headline in the financial times which says u.s. fires first shots in trade war with allies. is it a trade war? >> it is not. it is not. it is a trade dispute, and it's a trade dispute among family members, and all the doors are open, all the communication lines are open. that, by the way, was in the statement yesterday. we are continuing to discuss all these areas, whether it's steel or agriculture or nafta. the same is true with europe. discussions are ongoing. whether these tariffs are finalized or not, i don't want to predict. but i will just say the
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president wants fairness and he wants reciprocity. those are two key principles. and i really like the part that you read -- i assume that was the president -- that he would like to open markets and lower barriers. i can't tell you how important that approach is. if you lower -- hang on. just let me get this point out. if you lower or barriers -- lower barriers and open the door for american exports, we are the most competitive of country in the world as a recent survey just said. we will sell them tons, tons and tons, whatever it may be, industrial, automobiles, farming and so forth. that is the best way, that is the best way not only for an even playing field, but to create economic growth. that's precisely what the president -- we're just asking that these countries play ball with us. stuart: you're >> you are using the tariffs as
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leverage. that's what's going on, right. >> i would just say, i might put it slightly differently. when you have these complicated trade negotiations, part of it, and part of the presidents quiver is going to be tariffs, whether we like it or not. tariffs are not my favorite thing, but you have to use them to achieve the goal of leveling the playing field and bringing down these barriers that we just talked about, and creating fair, equal trading conditions to help the american country in the workforce. by the way, i'm a believer if you move toward free trade which is what the president wants, he told me that a million times, and you can get these barriers to reduce and you can end the unfairness, and in china's term the engine illegal activity, we will help the united states in
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the entire world economy. that's so important. the trading world is a fossil. it's a dinosaur. it needs to be reformed. donald trump is shaking the tree like he always does. i think about this and i say you know what, when he says these things, believe him please. he is deadly serious and he may go down in history as the best trade reformer in i don't know how many years. the trading system needs help. he wants to change it pretty wants to make it fair. he wants to make it reciprocal and he wants to help american workers which i think will help the rest of the world. >> okay. we appreciate that. let's turn to the economy. i think was a pretty strong jobs report this morning but i want to move further than that. look at the second quarter this year. the quarter were now in. pretty strong jobs report. a lot of people are talking about a 4% annual growth rate in the second quarter. what say you.
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>> i agree with you. by the way the job report was first rate. unemployment rate is ticking down, raging untrimmed wages kicking up a bit. the federal reserve bank of atlanta has a model called gdp now and they're predicting 4.7% in the second quarter. that is not our view. we will be thrilled to get 3% plus. i just think it's interesting they're looking at the same data. we have very strong consumer spending yesterday and the personal income report with very low inflation spread these are ideal situations. the incentive, people yell at me and they yelled at kevin, lower tax rate, rollback regulations, encourage and incentivize business and workers, keep more of what they are earned, this stuff is working. we were told it wouldn't work.
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i know it's early in the game. right now a year into it, it's working. i'm thrilled this stuff is happening. your bullish, i can tell. well done. i've got to raise this issue. the president sent a tweet about the jobs report before it came out this morning. if the president just. [inaudible] then he broke the law. deal with that fast. >> first of all, by law and custom they get the numbers the night before. it's my call whether to alert the president or not. a major number like this, i did get on air force one and let them know. i don't think he gave anything
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away. the number was pretty close to consensus, maybe a little better. he didn't use the number. >> every other american is looking forward to the jobs report so breaking the law, he's gone way too far on that. he's the president of the united states that he likes to tweet and talk to people around the country. let him. >> that's the understatement of the century. you're looking good. peter navarro had an article in the usa today today and he seems to be pretty strong in favor of these tariffs, protectionism. he said that's the way we rebuild our manufacturing base. you don't agree with that, do you? >> well, first of all my m having fun, i love this job and amounted to have it. second of all, peter navarro is
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a very old personal friend of mine and we remain personal friends but i see him all the time. with respect to peter's views, he and i agree and we disagree. that's about all i can say. you have these jobs the matter help fancy the pilot might be, he is the decision-maker. potus is the guy who makes policy. >> also a major part of their discussion with china is the theft of intellectual property
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and their seizure of our property through these joint venture. where is the progress there? that's never mentioned. >> we made a lot of progress on the commodities and industrial materials. that's good. it may not be good enough, but you're right, on the technology area we've not made progress. i think the president is increasingly impatient about that very point. i've always believed one of the keys is the chinese government has got to let the united states companies owned their company.
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they're putting the whole blueprints on the table and that includes the technology aspect and that's where the theft comes from. that's the key issue. they have not responded yet. we've had private conversations but so far nothing official, and, on the other side, regarding the theft of the technology incentives, we must protect our family jewels. what america does best. it creates more jobs for everybody all across the country than any other place in the world. we cannot let china come here and steal our technology.
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>> a timeframe. by the end of this year, were talking six months away, do you want to wrap up a deal with europe, wrapped up a deal with china? >> all things are possible. i don't want to put any timetable at all. all those conversations are going on. talk to us and work with us, our friends in mexico and canada. we are not making awful demands. we are being pragmatic. this issue of reciprocity, help us on our national defense. we want the u.s. a to export and
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export. that's the growth formula. open markets and open investments. if we do that we will have a great conversation and get a lot of things done. [laughter] >> you are the best, when it comes to ad-libbing about the economy and market, you are the best in the business. broadcasting misses you. >> thank you stu. i miss seeing you. i hope to see you soon. >> larry kudlow, everyone. thanks for being with us. kim phillips american for prosperity president has been listening to all of this and i want your reaction, especially on the issue of trade. before we went to the interview you were saying these tariffs are terrible, don't do it, we don't like it. now what do you say. >> the arguments utter good friend larry made in favor of
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the tariffs are the exact same arguments that george w. bush made over a decade ago in justifying the tariffs his administration in the early 2000's. a decade later were back here. it does not work. they don't help the industry, their intended to help. larry's numbers are dead on. this economy is starting to take off. good things are happening for the president and the administration and congressional republicans deserve a lot of credit but it's going to be undermined by these tariffs and by the over spending like the omnibus we saw a couple weeks ago. if they're not careful, we need to change our ways. we agree with the numbers on the economy. they are starting to take off. these tariffs don't work. were right back here again and they hurt american consumers and farmers and businesses.
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>> it's a good debate. i think both sides came out and that's good for us. tim phillips everyone, thank you. we better check the market. it didn't move that much during the interview. we are still up nearly 200 points 24600. what's next my quote on samantha b's apology. i won't repeat the obscenity but i will allow the left to set the standards.
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comedian samantha bee. she went after the presidents daughter with the most vile language. she apologized. i wish we could leave it just right there, leave it at that and move on. but frankly, i can't. i refuse to allow the left to set the firing standard. i refuse to allow the left to decide who can say what and with what consequences. roseanne barr offended everyone with a racist tweet and was fired within hours. samantha bee offended a lot of people, not on the left though, and keeps her job. in fact, other so-called feminists are lining up behind her. sally field has doubled down in support and last night ms. b received an award from the tv academy honoring shows that push for social change. keep me away from that part of tb. of social change means introducing a file obscenity about the presidents daughter, you can count me out.
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here we are, if you say something terrible about the president, all you've got to do is make a halfhearted apology in your home free. in fact, the left can say anything with very little consequence. trumped arrangement syndrome knows no bounds. they're not going to stop until the trump heaters are reined in and that's something to happen anytime soon. what we can do is vent our disgust and contempt. fire her, now. >> it's the second hour of "varney and company". it's bring in independent women's voice president. what you have to say about the. >> this looks fascinating. will use the sally field example who tried to normalize this. in order to be able to attack people who are perceived as conservative for those who don't
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conform, we wonder why harvey weinstein was survive able to so long. when you have these feminists were doing this, and the same goes for samantha bee, if it's being dismissed as just a word, the fact is it's an aggressive attack on women based on their gender, using the most filed form of negating us. i really appreciate your opening remarks. let's remember, beyond donald trump, it also was with schneiderman and one victim being told by her friends, don't complain because he so good on the issue. this is. >> that's it. you put your finger on it. the left is exercising censorship by this dual standard of reaction to vulgarity, obscenity and insult. >> and misogyny. for classical liberals watching this program, women feminists
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are being asked to actually throw themselves on the altar of misogyny in the name of protecting this argument and their policy against misogyny. this is just the lunacy of what's happening on that side of politics because we all agree across the board, this is not complicated but the left wants us to believe the fraud that they're perpetrating when it is in general the conservative is a deal that we all deserve support, we all deserve some kind of decency in the framework of how we live our lives and supporting women in particular. >> let me say this. i believe the vast majority of american women think that is flat-out out of bounds. >> i agree. >> they oppose it vigorously. >> i agree. >> transcending the partisanship that this is where we do agree and this is where we can all look at the hollywood liberal leadership and shame on women
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whether it's sally field or samantha bee, deciding to throw all women into the volcano because of their supposedly issues. i don't know, do they think they're the ones who are supporting this issue and the champion of women? it's the opposite. this is where we can all come together and agree. >> should she be fired. >> look, if there's a standard about what it is were going to accept, remember i think the worst part of her remark is actually not being reported. she suggested an implied there should be incest that about the trump should dress a certain way. this is what women are to do and this is who we are? it is the opposite. again, when it comes to the standard, perhaps so, yes, or if an apology should be enough, i think it depends on what the intent was, who we are and the nature of what this has become. samantha bee gets an award? out an open maybe she'll be
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hosting the oscars. [laughter] >> i don't know why i'm laughing because it's entirely possible. >> you're laughing because it's an absurd framework that we all have to stand against and stand together in rejecting. >> i'm glad to see her fired up. >> it's been a busy day. >> well done. we appreciate it. president trump pardons conservative filmmaker. he considers doing the same for martha stewart and rob foliage. mike huckabee will tell us what you think about that and just one moment. let's do an ad of a man eating free waffles at comfort inn. they taste like victory
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look at here. we've gone up again. i think this is the high of the day. exactly 1% higher up. microsoft has hit $100. share. $100.17. share. new high for microsoft. president trump pardoned filmmaker and is floating a possible pardon for martha stewart. roll tape. >> obama and his team, these guys decided to make an example of me and i think the reason for this was obama's anger over my movie that i made about him. >> this was a vindictive political hit aimed at putting
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me out of business. i would be a lifelong felon, never able to vote and never have my full rights but i'm very grateful to president trump for giving me those rights back. >> joining us now is mike huckabee. welcome to the program. >> thank you. >> i like to start with possible commutation for the boy a bit and possible parting for martha stewart. legal image was one of the people on the apprentice. does that concern you that personal relationship might be part of that commutation. >> not really. i think in both cases they got in trouble for things they said it before you put people in prison for things they said that were not actually criminal actions that hurt other people than samantha bee and perhaps roseann will be serving life
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sentences. >> i think in the case there should be a commutation. let me make clear. there's no political upside ever in doing a commutation or pardon. i can attest to that from having done this is governor. the people who say you should do it run away from you the moment you do most people criticize you. i think the president is looking at his power very judiciously, he's looking at realistically and he saying there some wrongs that were done for people and i can make them right. >> he seems to do these things on the spur of the moment. >> he still has to go through the legal process. he is doing it right in the light of day in the middle of his term, he's not waiting until
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the last day of office. i think it shows that he's proud of the things he's doing. >> one things for sure, we ain't seen nothing like this. that's a fact. i'm sorry, i'm out of time, but thanks for joining us. the big board, were still up triple digits and then some. up 223 points, close to a 1% a. we will be back with more money after this. [music playing] (vo) from day one, we always came through for our customers. it's how we earned your trust. until... we lost it.
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today, we're renewing our commitment to you. fixing what went wrong. and ending product sales goals for branch bankers. so we can focus on your satisfaction. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018. i think, keep going, and make a difference. at some point, we are going to be able to beat als. because life is amazing. so i am hoping for a cure. i want this, to uh, to be a reality. um, yeah.
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♪ ♪ it's okay. it doesn't really thrilled me. i wasn't dancing to it when i was 17-year-old. >> stop it. stop it now. >> check out this board. it's up 200 points. that is .8% up. price of oil down. sixty-six dollars a barrel, off 42 cents. lulu lemon, yoga pants are up big. they raised their price target saying it will hit, wait a minute. they think it's going to hit $108 a share. it's at 120. what you doing here? that's ridiculous. let's move on. i've got some numbers for you.
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i've got the producer in my ear. quiet please. how much the russia probe is costing tax payers. >> nearly 70 million since may of last year through march of this year. 16.7 million and a lot of that money went toward wages, benefits, travel, supplies from october of last year until now for a half-million. multiple criminal charges, guilty pleas, indictments but no collusion. there's also congressional probes and other probes, no collusion evidence. nearly 70 million. >> thank god we do not get all the government we pay for. let's get to the markets please. were up 200 points on the dow. jason is with us. >> i want to deal with microso microsoft. i don't know if you follow but i
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do because i own some of it. it just hit $100 a share. will go higher? >> we are on a pretty much unstoppable bull run. one hundred is a big benchmark. we have a trillion dollar mark for morgan stanley, it's encroaching on amazon. there so many reasons to own microsoft. i wouldn't recommend anyone selling it anytime soon. it should be a cornerstone in someone's portfolio. >> i bought years and years ago and i bought it because i thought it was solid. i felt i could milk it like a utility. i didn't realize it would convert to a growth stock. i didn't know that. >> the cloud has changed things for a lot of companies in microsoft is taking full advantage of that. >> it's changing for amazon.
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they lead in the cloud business and that's part of their success. tell me about facebook. they are starting, were told, news programming. is facebook still a winner for you? >> yes, but it's not necessarily for that reason. obviously they have the resources to out innovate any of their competitors. i don't even know who their competitors are and i think zuckerberg said that. they basically have no competition, but i think the real reason to own facebook is not because of facebook.com, but again because of the other properties they have there literally a social media conglomerate. were talking about instagram, what's whatsapp et cetera. >> i wanted to apologize to you and our viewers. we so often deal with facebook, amazon, microsoft, google but we do that because they are making all the money and that's where all the money is pouring in. our apologies if you think were covering this too much, but that is where the money is. just look at that on the screen.
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all of them on the upside. there is one stock that you like and i think you own and that is iridium communications. >> i think the market will be hearing about the market much more. i don't know if you have a five day or any chart but it's made all-time highs every day this week. i think starting tuesday they've had huge news come out. they are price to book ratio is one. the price-to-book of microsoft and apple is nine or ten. anything under three, value investors love. i think this is one of the best cheap stocks on the market hands-down. >> what does it do. >> there a satellite company. they have satellites in orbit. there the only satellite company that uses spacex to launch their satellite. they are leading the global charge in satellite.
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they cover one 100% of the world, no other company does that and they're basically the leading innovator in that space. >> jason, i remember way back when, probably 20 years ago when a company called iridium came out with a phone that looks like a brick and you could use it anywhere in the world. is this the same company? >> yes. when the crisis in puerto rico happened, people were using, the only communication you could use, you can use printer t-mobile, people were using these phones because of the 100% global coverage. there covering maritime, air, there a huge contractor with united states government, they are the real deal and there are 15 and change. i think at least going to double this year. >> do you own it.
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>> i absolutely do and i'm happy about it. >> we got it. we have to have these full disclosures and you got it. thank you very much. we will see you soon. >> i will move on to apple. we do cover it a lot, but why not. the developer conferences next week. the managing directors with us. i know you're still a bull on apple, but i want you to look forward to next week i'm told they're going to do something with theory, redesign three? is that correct? >> that's correct. every major tech company does this. apple tends to be the largest conference with 8000 but they need to give these developers to tools to build more compelling applications. an improvement is one of the areas you will hear from. many of you may be frustrated with it. she gets it right about 56% of the time but that needs to move
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up so we think they will do some things to improve it. if i could quickly add, the other things to expect next week is they will make their artificial intelligence easier for developers to cut and paste that into their application. there also going to do more on augmented reality and lastly this new hot topic, digital wellness, making sure you're not using your device too much. >> wait a minute? digital wellness? come on. >> tell me about this it was a big topic at google. there developer conference was a few weeks ago and they've kind of coined this term. this has to do with allowing you to know how much you're using your device so you can just be more aware of it. it tends to kind of take some of the edge off the notifications so when you go to bed, if you put your phone down face first it automatically goes into do not disturb mode. then there's privacy stuff around not to, basically digital wellness is making sure people know when developers are gathering their data.
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apple has taken a big stance that they want to be at the forefront and leaders around privacy and digital wellness. i'm sure we'll hear more about that next week. >> i'm digitally okay. i want to talk about netflix. i don't know if you follow it or cover it but it's a big tech stock and it's been on an absolute tear recently. what are your thoughts on future growth for netflix. >> we do cover this one. it's up 80% in the last six months. that's pretty much the definition of a tear. the simple reason is the growth is staggering. it's just now surpassed disney's market cap. last reason, disney grew at 9% and netflix grew up 40%. compare that to netflix growth a few years ago. it was 23%. this crazy acceleration of
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growth while other media companies are having less impressive growth. that's what you get this big since swing. our thinking is your money is probably better spent owning things like apple or tesla than owning netflix or facebook in the big reason here is the growth hurdle for the stock is impressive. they have to keep these growth rates to keep the stock going up and despite all the good things they're doing around content, keeping the growth rates is a difficult task. >> it really is. it's difficult to keep up a growth rate like that. thanks as always for joining us. hope you have a great weekend. >> a democrat running for congress in virginia compares president trump to osama bin laden. again, out in front since day one of his administration. we'll talk about that one. the topic at hand at the top of the hour, why bernie sanders is going after disney and robert eiger. more bunny next.
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first-rate. unemployment taken down, wages sticking up. the federal reserve bank of atlanta has a model called gdp now. they are predicting 4.7% in the second quarter. that is not our view. we would be thrilled to get 3%. i just think it's interesting, they are looking at the same data. we have very strong consumer spending in the personal income report. we had very low inflation. these are ideal situations.
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the world comes with it. the new, reimagined 2019 jeep cherokee. we are indeed holding onto a 200-point gain. 24600 on a friday morning at 10:44 a.m. eastern time. how about the price of stock of ford motor company. up 1%. they had a huge growth rate further truck series. a big gain in sale for may. how about this one. david is a billionaire headphones manager that bought the airline a panthers. he is going to get a tax break.
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>> generally these are not great investments, they tend to lose a lot of money but he can almost tax-free prison long as he wants. the tax law is written to offset any of the teams profits. the irs treats a player contract like a piece of furniture that loses value year after year. the amount of money that can be used against any profits he makes, he essentially gets it tax-free. >> he was always considered a smart guy. he's a trump hater. >> he's worth about 10 billion and guess where he lives. >> florida. >> all right. the white house demanding an apology from a congressional candidate for this. roll tape. >> i'm dan helmer. i approve this message. i'm different. i'm not a politician. i'm a road scholar who has served in combat. i'm against drug companies that
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rip off seniors. fight the gun lobby to protect children. the greatest threat to our democracy lives in the white house. >> what? did you just see that? where do you want to start. >> just when you think they can't go lower, they go lower. were discussing this in manhattan where the towers fell into advocate, to compare what those terrorists did 3000 americans to what donald trump is doing in the white house, the guy who put isis into the grave? the level of trust arrangement syndrome is unlike anything we've ever seen. he wants to expand the federal welfare state, take away your guns and i hate more than anybody. he's hoping that's how he gets voted in the democratic primary.
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>> i don't think he should be removed from the ballot but the voters should decide. >> censoring, demanding firing, shutting down, that's not the reaction. if you believe your ideas are better and will carry, go ahead and think what you want. people will leave you and you will be taking seriously. >> but we don't have that at the moment. we have censorship exercised by the left. they decide what's acceptable for other people to say what's not acceptable and there always censoring conservatives and it don't work the other way around. >> they have been forever that's part of the reason they hate talk. they'll play by his rules. ultimately it's the left censoring everyone. they over sensor the right of the left they say here's a hand slap. apologizing keep your show. i'm with you. companies can make decisions
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about who they fire in higher, but the mob mentality and the righteousness,. >> i think samantha bee should be fired because what she did was to step way over any line of decency, morality or whatever you want to call it. >> you might be right but then who they fire next. what about tommy central. i laugh at it. but where does it stop. i think her comments were vile, i think roseann's comments were vile, nobody's defending those. were getting closer and closer to speech police were telling us what acceptable what's not. >> do you think trump derangement is a serious thing.
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>> i do. >> some people are obsessed with heating our president. they see him as the reason everyone does something wrong. if you say something mean it's because trump open the pandora's box. it's ridiculous. >> did i fire you up this morning. i was with you at 615 this morning. >> maybe we fired you up. could be. in which case, you did your job. the dow is up 200 points, look at that. we will see you this weekend. >> of next, the company taking on google maps to make self driving cars get down that road, stay between the lines and obey road signs. competition for google maps, next. ♪ ♪ ♪ ♪ ♪ ♪
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now it's teaming up with microsoft and intel to take on google maps. eric gunderson is with us. welcome to the show. >> good to see you. >> first of all, i take it your product doesn't just work with self driving cars. i could use it in my own car which i am driving, is that correct? >> that is correct. i've got a feeling you and a bunch of other folks are already using map box. on my google, we don't have a nap. we just have code and sdks that let developers build maps directly into their application and product. >> you lost me. wait, wait, wait. where do i start with this? i haven't a clue what you're talking about. >> watch this. let me make it simple. have you used snapshot or tender in the last bit. >> no. >> weather channel. you open up weather app on your
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phone. all that live data, that's all on top of our maps or your groceries with insta card for a gym, news alerts, you're probably using bloomberg for news alerts. all those maps. >> know i use fox's called fox. [laughter] point is, anybody, any developer can put their stuff in it. the point is, location is critical to everything. whether you're making a cap or building a car. >> okay, i'm driving along in my car. how do i get map box to tell me the directions to xyz question. >> were working directly with oem and other key partners. yesterday's announcemen announch microsoft was such a big deal
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for us. we allow our makers, the designers and developers in detroit that care so much about what the look of the car looks like and when you walk into the car and the dashboard is just garbage. what if we can allow the designers and developers to put not just good-looking maps in their that actually feel like the maps on your phone but with real-time data. right now we have 350 million people a month touching our maps and every time our maps are used we get live data coming back. that's what's allowing us to live map all the roads. you have latitude, longitude and boom you can see the live traffic. >> that's fascinating. i wish we had more time and then maybe i'd understand how to use this thing. map box going up against google maps with a better map. i got that right? >> yes. i never thought we would pop the soft stock after the announcement.
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>> i've gotta go. that was good stuff. thank you very much. next, my take on bernie sanders and his new attack on disney and i guard. third hour of "varney and company" minutes away. ... aining, there was only one way out. i could feel the barb wire was just digging into the paint. man: two bulls were fighting, (thud) bam hit the truck. try explaining that to your insurance company. woman: another ding, another scratch. it'll just be another chapter in the story. every scar tells a story, and you can tell a lot more stories when your truck is a chevy silverado. the most dependable, longest-lasting, full-size pickups on the road.
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but i'm a survivor. after my heart attack, my doctor prescribed brilinta. .. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. slow heart rhythm has been reported. tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. if you recently had a heart attack, ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication, astrazeneca may be able to help.
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stuart: the odd couple, bernie sanders and donald trump. miles apart, yes, on almost everything but they are both going after robert eiger the man who runs disney. an apology from eiger for all the insults disney stars leveled against him, no apology so far, he is rehired keith olbermann. the trump eiger fight roles on. but the bernie eiger site is just getting started and has nothing to do with insults or eights. bernie is on his way to california with the
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confrontation, sisters and brothers, he writes, last year disney made $9 billion in profits every word bob are your with a compensation package of $423 million over a four year.. clearly bernie has a problem with all the profit and all that income but here is where he sticks it to him. he goes on, employees at the company's themepark are paid so poorly that many of them are literally living in a tent city not far from the park. that doesn't fit well with disney's be 9, socially progressive image. here you have two lines of attack of the same target, the pres. challenges what he sees as a double standard on firing and apologies, bernie sanders goes after what he sees as the double standard on wages and profits. bob eiger is in the middle but he put himself there. he doesn't like trump and has made him angry. at the same time he has drawn the anger of bernie sanders because he's a symbol of income
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inequality. who wins? no clean-cut winner but trump has a strong hand. socialist bernie sanders is a johnny one note and bob eiger will be playing defense on two fronts. the third hour of "varney and company" is about to begin. it is going to happen this hour, donald trump will speak of the coast guard change of command ceremony in washington. if he makes any headlines you will be hearing them first. back to my take, bernie sanders and the president going after disney chief bob eiger for different reasons. joining us is hedge fund manager jonathan hoenig. disney has patient is in itself as a prominent, socially liberal company. so far i don't think it hurts
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them. >> who is hurting them is government right now. i don't see a difference between donald trump and bernie sanders at all. they are two sides of the same coin and they are authoritarian's. bernie once different types of wages, trump once his apologies and these are people who have the power of the gun. they are not johnny sixpack walking down the street with an opinion but part of government, government should force and bob eiger got that $400 million through trade, economic power. that is what is so dangerous about this pres. and bernie sanders as well, they confuse economic power, the power of trade with political power, that is a gun and that is why this whole blowup by private citizens is becoming of any elected official. >> now we know how you feel. more for you. sit still please. what do we have on the dow, we have a 212 point gain, 28 of the dow 30 on the upside and two are down and the dow is up
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210 at 24,626. we had -- it was a strong jobs report, there are some worries about trade but that is not a major issue this morning. listen to what larry kudlow told me about trade. >> we will sell them tons and tons, whatever it may be, industrial, automobiles, farming and so forth, that is the best way, that is the best way, not only for an even playing field but to create economic growth, that is precisely what the pres. wants, we are asking that these countries play ball with us. stuart: he is saying forget the tariffs, we are trying to open things up. we want more trade, free trade, not less. >> if you want free trade it is disingenuous. if you want free trade why don't even ask free trade? tariffs are taxes on americans,
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not taxes on the chinese, the mexicans, they are taxes on americans who want to commit the sin of buying an audi, buying a mercedes-benz, if you are for free trade, practice free trade. the pres. has said trade wars are easy to win, that they are good and that is what he has started not with our enemies but with our trading partners and friends. stuart: look at the market, we are 200 points. is this the start of another leg up? >> it is a bull market. no disputing that. when you see companies like intel at a 52-week high, amazon, netflix, these are the engines of our economy. can't see why they are help by tariffs, arbitrating larry kudlow's face. if it is so strong and you have
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to believe these numbers, unemployment low, stock market doing well. is the you can be so good? why do we need to tariffs after all? that is my question to the economic team especially if data is so strong at this point. stuart: thanks for joining us, the dow is up 200 points. breaking news on the letter from the north koreans. ashley: threats. we will meet but not a lot of substance but at least we are talking. the pres. is at camp david talking about the strategy of this. the pres. made it clear the only aim is complete verifiable and nonreversible d nuking of
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north korea. just yesterday the trump administration said this could take a number of meetings, this is the first of many. stuart: that is a fair point, to denuclearize the north in one meeting -- ashley: they are talking. stuart: no change in the market. if that is less than what we are expecting it is not affecting the market, we are up 24,600. moving on to healthcare. new jersey's governor, the gentleman on the right. it would reinstate the individual mandate. and it was betsy mccoy has it with her. >> the mandate is bad news. and new jersey residents for not having obamacare compliant
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insurance. >> and you have to have obamacare insurance or pay a penalty as you did under federal law until the new tax bill removed. stuart: obamacare reinforced and reinstated but it is there in new jersey. >> trump and his party gave you the freedom to make your own health care, democrats in new jersey taking away justification. and if they by obamacare it would make the plan cheaper for older, sicker people and there's a better way to do it and other states are doing it. minnesota, alaska and oregon, many states looking at providing insurance companies with reimbursement for their sickest patients. you are not putting the holocaust of the sick
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population. and made for insurance, unaffordable. stuart: new jersey is going backwards on this. a democrat state through and through. >> vermont made it clear they want to do the same think of the there were whispers of this in california as well but in each case it is a political act rather than what is good for the people. stuart: in the state of new jersey they have gone backwards towards obamacare, you need this insurance who pays, this state of new jersey or the feds. >> pays for what? the people in new jersey, they go into coffers of new jersey, and insurance premiums. the fact is there is a fairer way, use general revenues, spread the burden more widely instead of making insurance in the tiny individual markets
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unaffordable. it is unaffordable. stuart: i wonder who else will follow that from new jersey, thanks very much. a new york school district might get rid of homework, students in rockland county say they are overworked, they started the position to eliminate homework, representative to the district and were considering it. they hope to have a new policy by the fall. california one step closer to providing free healthcare for illegals, details on the new bill the extent medicaid coverage to immigrants regardless of their status. the left loves to criticize donald trump for having no compassion. coming up texas lt. governor dan patrick was with the president when he visited survivors of the scent of a school shooting and that criticism is off base. ♪ ♪
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>> the kilauea volcano in hawaii, a new mandatory evacuation order says get out or face arrest. anyone who stays could be liable for any rescue costs. the pres. meets with the victims of the santa fe school shooting in texas. come on in texas governor dan patrick. good morning. critics say our president lacks compassion, doesn't have any. you were with the president today with those victims, is he a compassionate guy? >> he is extremely compassionate, the people who
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don't like the pres. can do nothing right in their eyes, i have been with the president on a lot of trips, quality time with him yesterday, 30 minutes in addition to being in that meeting we spent together and every time i been with him, when he does these rallies during the campaign, he always met with victims groups whether they be veterans or victims of crime, whatever the issue was, law enforcement and always had these roundtables and you know that to be a good interviewer which you are you have to be a good listener to come up with the next question and he listens to people, he loves to learn, he is a sponge. and he loves people and yesterday he walked into that room, i have been to many funerals and visitation and funeral homes the last week or so, but together as one, some of the new each other, some didn't.
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he walked into a room of unimaginable loss of these people, and this is the pres. walking in and these people are experiencing this grief and he allowed them to share what was in their heart, lots of opinions, lots of ideas and by the time he left he had lifted them up to a point where for at least a small amount of time they felt like he cared, he was listening, he was going to do something about it, and he left them in a better place than they were when he came into the room. stuart: i don't expect to read that in the washington post or the new york times, don't expect to see it. >> that is who he is. he loves people. stuart: since the santa fe shooting you have been calling for end to incentives for makers of violent video games, these games contribute to the shootings. what incentives do you want
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removed? >> this is a multilevel issue with these shooters, taking god out of the question, devaluing life in this country where videogames are expensive, life is cheap on them, securing our scores, a multilevel issue but in videogames i have done a lot of study in the last two weeks which i never played a violent video games, i learned a lot, here are a couple facts. according to the american psychiatric in psychologist association 97% of teens spent 2 hours or more every day on video games, 80% of those games are violent games. we know there's a connection between these teen school shooters that spend lots of hours on videogames killing thousands, hundreds of thousands of people in these games, scored points the more people they killed. there was a game called active shooter about shooting kids in school that was scheduled to come out next week. i wrote a letter to the manufacturers for the distributor valve and others
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and pulled the game from the market. in texas my view, i appreciated $20 million to incentivize movies, tv shows, commercials, video games to come to texas but i'm not going to approve a budget is lt. governor, i can veto if it gives many to violent videogame manufacturers. stuart: you are not trying to ban violent video games. >> i would like to. stuart: you don't like makers getting incentive to go to texas. >> they won't get a dollar from me. no money from them. we have to look at this issue in our country. when you allow children every day to spend hours killing people in these videogames most kids turn out to be normal adults but when you put these other factors in, broken families, anger, mental
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illness, all these issues that come into play video games are part of it. the videogame industry, most of these are violent games is larger than the movie industry, larger than the music industry, $36 billion a year and when people talk about the nra and their persuasion in congress, the violent videogame lobby has powerful persuasion over congress and we need as parents and grandparents to monitor what our kids do but we can't be shocked in a country where we devalue life through millions of abortions, through broken families and kids who spend hours a day killing people in their imagination online, they are not killing space aliens and monsters, they are killing real people and the psychiatrists and psychologists will tell you it numbs them to violence, to empathy for the victims and some act it out. stuart: we have had good debate on this program and that was one of the best.
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lieutenant governor of texas, dan patrick, thanks. walmart story of the day. subscription service called jet black, this is a personal shopping service that lets you order items via text. it costs $50 a month. right now it is only available in new york and you have to be invited. call it an experiment. donald trump getting criticism for considering pardons for rod blue foliage -- rod blagojevich. it is not the first time the president has been criticized over this but remember when clinton pardoned marc rich just before leaving office. we will tell you about that in a moment. a bachelor. and that's how he intended to keep it.
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stuart: the nba finals got off to a wild start, the golden state warriors and cleveland cavs going into overtime. lebron james had 51 points, he was furious with a teammate who let the clock run out instead of taking a game-winning shot, the warriors went on to win 124-114. game 2, wild start to the
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session. more headlines, part of a new jersey real estate sign washes ashore in france and got blown away during hurricane sandy. the sign was from the waterfront listing a half a decade ago. check out this package delivery robot from ali baba called the g plus which can carry multiple packages, goes 9 miles an hour. new report claims donald trump's new tariff could have a trickle-down effect on home prices. are you kidding me? tentative tariffs will result in higher home prices? i find that absolute nonsense but we will ask the property man. another one, first roseann and samantha be. she should be fired, and do it now. talk about it after the break.
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and i recently had a heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack...
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...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. slow heart rhythm has been reported. tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. if you recently had a heart attack, ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication, astrazeneca may be able to help. stuart: we still have a solid
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rally not as good as it was, we are up 180 points with 28 of the dow 30 on the upside in the green. check netflix. it just hit another all-time high, 356 on netflix. who would have thought? it is up 80% in the past two month. donald trump speaking at the coast guard change of command ceremony. he was talking jobs and the economy. stuart: we reached one more historic milestone with 3.8% just announced and an all-time record low african-american unemployment, hispanic unemployment and an all-time low in history, we are very honored by that. for the women out there, the lowest unemployment in 19 years. stuart: historical lows for
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minority unemployment, that is a very big deal. i want to get to casino workers considering a strike. who settled, who hasn't? >> might be some unemployment. i'm in new york, new york, that is the empire state building, statue of liberty. that is where the strike still looms, new york, new york is owned by mgm. they did not settle but we did get settlement earlier this morning, very early overnight, contract expired but folks that work for caesar's did. crazy people running by us. 12,000 workers work for caesar's, culinary workers settle a 5 year deal, 12,000 workers and 9 casinos, pressure on the folks at ngm, cheers
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after the settlement was announced overnight because ngm owns more properties than caesar's. down the strip, mandalay bay, where the big shooting took place, the luxor, a big. mid-next to it as well as scallop or and the tropicana, no deal there. sorry. you get old and it happens. stuart: remember what happens in vegas stays in vegas, whatever shoes you use. all around the world. thanks very much. we are done and we will talk to you later in the day. bring in the property man, bob massey, an observer of the sea. what is your take on the likelihood of mgm workers, large number of casino workers, they are going to settle.
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>> i'm available for a tour today. i will take him up and down to tell him which casinos are what. new york new york, guess what is behind that, t-mobile, they will settle this case. one of the problems we are faced with is two major companies, caesar's and mgm, and 12,000 have a job, they will resolve it, they know they have to resolve it and it is passed on to the consumer, timing is perfect for the unions. mgm knows that and they will reach an agreement. stuart: exactly, well said. the pres. imposed tariffs on steel and aluminum in canada, mexico, the european union. in this report he claims it is going to trickle-down and home prices up. i told the audience i am not buying it, that is absolute
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nonsense. >> i heard it a few moments ago which was not a may be by you at all. let's say this. and a lot of subcontractors, prices have gone up, it is great leverage for the contractors to use it as an excuse. and the dynamics of all this, i will say this for what i know, materials have gone up. that will be passed on to prospective homeowner. whether it is a real story and the real thing, image is everything. stuart: i tend to think it is a scare put out by people who don't like donald trump, the sky will fall if you go through with these tariffs in the trade war. you see this all the time, the president proposes something and outcomes the opposition that says the sky will fall.
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that is where i am coming from. >> i have to tell you i don't disagree with you because it could be propaganda, another way to go at trump, look what is happening, whether it is real or not. we talked the last few weeks, i cannot describe to you, jeff on the tour today, i can't describe to you the growth in this town. it is absolutely beyond anything i have seen in 44 years. whatever is going up vertical people will pay if they qualify for the loan, trust me. stuart: the voice of reason from las vegas, the property man. watch the property man on the foxbusiness network friday night at 8:30 eastern. thanks very much, we will see you real soon. a couple moments ago you heard donald trump talk about the record low unemployment for african-americans.
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fox news contributor doug showing is with us. we were talking in the break. the black unemployment rate is down 5.9, historic low. why do you think that is such a big deal? >> forthcoming 2018 and the presidential 2020, democrats win elections when they win with near monolithic african-american and indeed lesser extent hispanic support. of trump and the republicans can make an argument which is credible that poor people, african-americans, hispanics, people of all segments of society, not just the rich are benefiting, that changes the narrative against the democratic party stands for resist, impeach, redistribute. stuart: you think this is a powerful argument. >> it is a game changer, what donald trump and the republicans, they don't talk about it enough. stuart: he did today.
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>> he needs to keep doing that. the republicans need to keep doing it because if they do and make the case, this is one nation governed inclusively, it could be a sea change in american politics. stuart: the seachange will be if you become a republican. >> more likely that the economy and political landscape change before i do but pretty tough to be a democrat giving -- given the nature of the party i joined when i was very young. stuart: the pres. says he is thinking about pardoning martha stewart and commuting the sentence of rod blagojevich. hours after he pardoned conservative author dennis desousa. what do you make of the action of rod blagojevich and martha stewart? they were both candidates on the apprentice. martha stewart was prosecuted by james comey?
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>> rod blagojevich -- both of them committed crimes, let's be clear. rod blagojevich and martha stewart. i have worked for blagojevich so we are not means close. 14 year sentence for horsetrading did strike me as a bit excessive. i read his op-ed in the journal a couple days ago and was sympathetic. i'm not against a commutation. i also think martha stewart made a dumb mistake lying to federal investigators but the big message is if you are in the mueller investigation facing legal peril i have an absolute power to pardon and not afraid to use it. that is the message i take away. stuart: the pres. tweeting about samantha be, the
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controversy. why aren't they firing samantha be for the language used on her low rating show. a total double standard but that is okay, we are winning and doing so for a long time to come. i say she should be flat-out fired. that is a line, a terrible line to cross just like roseanne barr. >> i couldn't agree more. i don't see how you fire roseanne barr for what i believe were unpalatable and unacceptable, quote, jokes as she put it. she deserved to go but why wouldn't samantha be go for language just as obscene and vile? doesn't make sense. stuart: it does to me. it is the left censoring opinion. the left is saying that is unacceptable but that is. they are our sensors now. >> since i was educated the same place you came from i believe in fairness was what is good for when is good for the other.
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i say fire them both and let them go, good riddance. stuart: i think i'm with you all the way. this is history being made but thanks for being here. i went to look at iridium communications again. in our last our jason rothman joined us recommending the stock and it hit an all-time high during that interview. a satellite communications company, look at it go, straight up. how do you like that? jails in san diego county released hundreds of people wanted by ice, since california sanctuary law, we have the numbers and they are growing by the day. ♪ polident is specifically designed to clean a denture.
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yet it's very gentle on the denture itself. polident's 4 in 1 cleaning system consists of 4 powerful ingredients that work together to deep clean your denture in hard to reach places. it kills 99.99% of odor causing bacteria and it helps to remove stains. polident should be the first choice of every person that wears a denture, to clean their denture. >> i am nickel pedal ladies, social media and technology, research that he took a look at teens and what is most popular. when we look at facebook, teenagers have been ditching facebook and they use it compared to 71% a couple years ago. that being said, what is most
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stuart: since california absent tory state law went into effect that the beginning of this year the san diego sheriff to permit has released more than half of all the illegals wanted by ice. joining us is kristin gasper. it was 349 illegals released without telling ice to get them. is that accurate? >> the situation is even worse which as of today the numbers close to 400. we are talking about one to 3 illegal immigrants each and every day, these are criminals being released into our community absent our local law enforcement, being able to let ice know where they are going. stuart: what can you do about this? >> sanctuary states need to end. when you sent to this when you think it can't get any crazier in california it keeps getting worse.
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we have become the absolute nanny state, moving away from the golden state thanks to our own government, local legislators, not only are we dealing with the backdrop of sb 54 creating a sanctuary for criminals in our community but we are dealing with new legislation coming out of sentry mento, sp 274, this will opennet account, federally funded programs for healthcare to all illegal immigrants in the state of california. that is 1.8 illegal immigrants will now be eligible for government funded healthcare. how are we paying for this? we can't even take care of our own citizens, 115,000 un-sheltered californians living on our streets. now we are taxing our gas, a new bill coming out taxing our water and don't think about drinking it through a straw because those are about to be illegal too. stuart: just for a second i
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went to go back to the illegals released by the sheriff department in san diego. nearly 400 as we speak. so far this year nearly 400. supposing you went to the sheriff and said you have to tell ice who these people are and when they are being released. would you be breaking the law? >> we would be breaking the law which is why san diego county wants to take the case to court. we joined onto the administration's lawsuit against the state of california. our sheriff is doing everything he can locally but we have a conflict here. a governor who thinks he can override federal immigration law by implementing local state policy and that is what we are faced with now. that lawsuit will come to fruition. the state of california will not be able to pursue these policies. in the meantime we have a sheriff who is being respectful of the state law. it needs to end either in the
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courtroom and with a change in leadership starting with the governor of california. stuart: this latest move to give free medical care to poor people, to be extended to illegals, you can't pay for it unless i don't know how you pay for it. in my opinion that is a play for the hispanic vote. lock the hispanic vote into the democrat party. i can say that, can you? >> i can say that. it is really unfortunate because if you look at the situation at hand we are no longer able to take care of our own citizens in this country in the state of california. we are in a sad place where we do not have the ability to pay for basic human necessities anymore. it is completely unreasonable that we are trying to find our way out of the situation by taxing us on basic needs, drinking water, we are in a situation in california and
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can't find our way out if we keep extending these benefits to others who are being disrespectful of our laws not coming into the country through legal methods. we welcome immigrants who want to respect our laws and come to our country, plan for these individuals that come here but we cannot tolerate people crashing our borders in huge caravans, criminals being released on our streets wreaking havoc on the citizens of california. who are we protecting this state anymore? stuart: we will bring you back, love to talk to you again. quickly at vermont will pay $10,000 if you move there. you just have to work for an out-of-state employer remotely. work from home. i don't get it. they will pay you $10,000 to live in vermont and work from home. is that it?
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ashley: for a company somewhere else. stuart: vermont's population aging faster than others in this program is trying to counter that. will take effect next year. 10 grand, work from home, vermont loves you. chicago plagued by gun violence, the latest example 3 dozen people shot over the memorial day weekend. one professor is pleading with donald trump, send in the national guard. that professor joins us in a moment, and will make his case. as a control enthusiast, i'm all-business when i travel... even when i travel... for leisure. so i go national, where i can choose any available upgrade in the aisle - without starting any conversations- -or paying any upcharges.
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stuart: an opinion piece calls on the pres. to send troops to chicago, the plea came before a violent memorial day weekend in chicago. jason hill, the author of we have overcome. you still have a job at an american university saying things like that? >> i do. stuart: just joking, forget it. make your case. why do you need the national guard in chicago when you have
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heavily armed police force? >> we need the national guard, more than the national guard, we probably need the navy and the marines because we have got a genocidal slaughterhouse going on where black people are killing black people in this city. there is no other way to say it and people need to know it. it is astronomical, we have career criminals, gained members overtaking and the rule of law is not being upheld. we are under mayoral governance of a very impotent mayor who seems to be doing nothing about it and a governor who could unleash the national guard if he wanted to but is not doing so. stuart: let me interrupt for a second.
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what do you think would be the reaction by the local community in chicago when you have heavily armed national guard soldiers riding around in troop carriers. it would surely generate a good deal of hostility. >> it would generate a good deal of hostility but long-term consequences which would be restoration of the peace and restoration of law and order and those consequences would far exceed the negative consequences, we are seeing other things in chicago, we are seeing a massive population loss in chicago, in illinois, 33,700 people leaving the state of illinois, losing millennials ranking second below new york. illinois and chicago face massive problems besides crime. and the perception of chicago,
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the crime capital in the united states. stuart: thank you for making your case which i can't imagine what the reaction is in chicago to what you have to say, thank you for making the case in the program. there will be more varney after this. ♪ here. we perform over 50,000 operations a year in places like this. for the past 15 years, : . : : day, our hospitals have some of the best patient safety records in the country. now, we're constructing new buildings that will define the future of piedmont and chubb is here, insuring our expansion. two million patients a year depend on us. and we depend on chubb.
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>> yes. [laughter] >> but you've got to sign up for in the first place. >> i see her head down so now we know why. >> you are absolutely killing me. [laughter] >> stop it. i can't imagine what neil caputo will say. what are you going to say? >> i find you are suppose it ignorance about it funny. >> good one. >> have a good weekend my friend. we are on top of all the trends you were following on this unexpectedly strong employment report that is wiping away any fears for the time being about the tit for tat that's going on globally. we've already heard from a lot of countries in which we are putting these tariffs on steel, aluminum related products. they're all going to respond.
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